FYE 14 Budget prelim - City of Norman

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CITY OF NORMANReserve PolicyEnterprise funds have reserve polices to reserve portions of fund balance as follows:• Operating Reserve equal to 8% of the annual operating cost• Capital Reserve equal to the annual average of the next 5 year capital expenditureplanThe FYE 14 ending fund balance is projected to be $2,110,487, which does not meet theoperations and Capital Reserve requirements discussed above by $586,971.Levelized Rate PolicyUtility rates should be set at a level to meet the average net income requirements over a fiveyear period without the need for interim adjustments and to meet all reserve requirements at the endof the five-year period.Five Year OutlookSummaryAll reserve requirements will be met and a surplus of funds will be held in reserves.The Sanitation Utility will continue to deliver its level of customer service under therecently-approved rate structure. Improvements to the Refuse Transfer Station are complete andfleet replacement schedules will be caught up over time.ANNUAL BUDGET101
CITY OF NORMANSANITATION FUND (33)STATEMENT OF REVENUES AND EXPENDITURESFYE 12 FYE 13 FYE 13 FYE 14 FYE 15 FYE 16 FYE 17 FYE 18ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------1 Beginning Fund Balance 3,990,281 1,800,032 4,822,902 2,285,057 2,110,487 1,455,259 76,652 (620,795)2 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------3 Operating Revenues:4 Enterprise Fund Fees/Chgs 13,217,613 11,976,840 11,976,840 12,216,377 12,460,704 12,709,918 12,964,117 13,223,3995 Other Revenue 480,728 204,020 204,020 206,060 208,121 210,202 212,304 214,4276 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------7 Total Operating Revenues 13,698,341 12,180,860 12,180,860 12,422,437 12,668,825 12,920,120 13,176,421 13,437,8268 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------9 Operating Expenditures:10 Salaries / Benefits 3,934,253 3,953,923 3,953,923 3,988,848 4,188,290 4,397,705 4,617,590 4,848,47011 Supplies / Materials 1,359,326 1,437,597 1,385,767 1,468,116 1,482,797 1,497,625 1,512,601 1,527,72712 Services / Maintenance 3,025,043 3,331,623 3,365,010 3,092,441 3,398,660 3,123,365 3,432,647 3,154,59913 Internal Services 783,869 951,698 962,468 770,218 785,622 801,334 817,361 833,70814 Cost Allocations 1,263,043 1,285,302 1,323,454 1,273,608 1,286,344 1,299,207 1,312,199 1,325,32115 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------16 Total Operating Expenditures 10,365,534 10,960,143 10,990,622 10,593,231 11,141,713 11,119,236 11,692,398 11,689,82517 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------18 Net Operating Revenue 3,332,807 1,220,717 1,190,238 1,829,206 1,527,112 1,800,885 1,484,023 1,748,00119 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------20 Other Revenue:21 Interest Income (71,251) 30,000 30,000 30,000 30,000 30,000 30,000 30,00022 Bond Proceeds 0 0 1,600,000 0 0 0 0 023 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------24 Total Other Revenue (71,251) 30,000 1,630,000 30,000 30,000 30,000 30,000 30,00025 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------26 Other Expenditures:27 Audit Accruals/Adjustments 921,66728 Capital Equipment 958,696 1,401,861 4,216,277 1,423,932 1,600,000 1,600,000 1,600,000 1,600,00029 Debt Service - 2010 Notes 320,228 318,589 318,589 316,344 318,840 315,991 317,970 314,69030 Debt Service - 2013 Notes 0 0 0 293,500 293,500 293,500 293,500 293,50031 Capital Projects 228,344 0 823,217 0 0 1,000,000 0 032 Bond Issue Costs 0 0 0 0 0 0 0 033 I/F Transfer - Wastewater 0 0 0 0 0 0 0 034 I/F Transfer - Fleet Maint. 0 0 0 0 0 0 0 035 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------36 Total Other Expenditures 2,428,935 1,720,450 5,358,083 2,033,776 2,212,340 3,209,491 2,211,470 2,208,19037 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------38 Net Revenues (Expenditures) 832,621 (469,733) (2,537,845) (174,570) (655,228) (1,378,606) (697,447) (430,189)39 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------40 Ending Fund Balance 4,822,902 1,330,299 2,285,057 2,110,487 1,455,259 76,652 (620,795) (1,050,984)41 ============= ============== ============= ============= ============= ============= ============= =============42 Reserves43 Reserve for Operations 829,243 876,811 879,250 847,458 891,337 889,539 935,392 935,18644 Reserve for Debt 0 0 1,600,000 0 0 0 0 045 Reserve for Capital 2,452,685 1,555,983 1,764,786 1,850,000 1,933,333 1,600,000 1,600,000 1,600,00046 Reserve (Deficit) Surplus 1,540,974 (1,102,495) (1,958,979) (586,971) (1,369,412) (2,412,887) (3,156,187) (3,586,170)47 ---------------------- -------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------------48 Total Reserves 4,822,902 1,330,299 2,285,057 2,110,487 1,455,259 76,652 (620,795) (1,050,984)============= ============== ============= ============= ============= ============= ============= =============ANNUAL BUDGET102
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BUDGETTHE CITY OF NORMAN, OKLAHOMAF
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CITY OF NORMANCITY COUNCILMAYORCind
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Table of Contents
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April 10, 2013The Honorable Mayor a
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MAJOR GENERAL FUND REVENUE SOURCES,
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Net Revenue Stabilization Fund bala
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without these personnel. The Genera
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Station #9, on East Alameda) is cur
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On August 28, 2012 the voters of No
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Tax and ratepayer revenues. Financi
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makers, for your effectiveness as l
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CITY OF NORMANHistory of Norman, Ok
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CITY OF NORMANCommunity ProfileNorm
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CITY OF NORMANCommunity ProfileFaci
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CITY OF NORMANCityPublic SchoolEnro
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CITY OF NORMANANNUAL BUDGET9
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CITY OF NORMANINTRODUCTIONThe purpo
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CITY OF NORMANPERSONNEL HISTORY(Hea
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CITY OF NORMANDiscussion of the Gra
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CITY OF NORMANCommunityFYE 2013 ALL
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CITY OF NORMANGENERAL FUND EXPENDIT
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CITY OF NORMANCONSOLIDATED FUND SUM
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CITY OF NORMANCITY OF NORMAN, OKLAH
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CITY OF NORMANCITY-WIDE OPERATING E
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CITY OF NORMANFINANCIAL POLICIESSev
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CITY OF NORMANThe City of Norman’
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CITY OF NORMANTHE BUDGET AND ACCOUN
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CITY OF NORMANGOVERNMENTAL FUNDSGov
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CITY OF NORMANBASIS OF ACCOUNTINGBa
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CITY OF NORMAN5. “Budget summary
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CITY OF NORMANfund. No more than te
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CITY OF NORMANSECTION 17-211. EXPEN
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CITY OF NORMAN2. Materials and supp
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Page 89 and 90: CITY OF NORMANDepartment / Division
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Page 93 and 94: CITY OF NORMANNET REVENUE STABILIZA
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Page 97 and 98: CITY OF NORMANCOMMUNITY DEVELOPMENT
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Page 101 and 102: CITY OF NORMANExpenditures in FYE 1
Page 103 and 104: CITY OF NORMANNORMAN ARTS COUNCILFI
Page 105 and 106: CITY OF NORMANNORMAN CONVENTION & V
Page 107 and 108: CITY OF NORMANSEIZURES AND RESTITUT
Page 109 and 110: CITY OF NORMANFYE 14 BudgetFYE 14 p
Page 111 and 112: CITY OF NORMANCAMPUS CORNER TAX INC
Page 113 and 114: CITY OF NORMANART IN PUBLIC PLACES
Page 115 and 116: CITY OF NORMANWESTWOOD PARK FUNDBUD
Page 117 and 118: CITY OF NORMANWESTWOOD PARK FUND (2
Page 119 and 120: CITY OF NORMANA major engineering s
Page 121 and 122: CITY OF NORMANWATER FUND (31)STATEM
Page 123 and 124: CITY OF NORMANWATER RECLAMATION FUN
Page 125 and 126: CITY OF NORMANThe final component o
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Page 131 and 132: CITY OF NORMANCapital Projects of $
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Page 135: CITY OF NORMANSANITATION FUNDBUDGET
Page 139 and 140: CITY OF NORMANFive Year OutlookThe
Page 141 and 142: CITY OF NORMANCAPITAL IMPROVEMENTS
Page 143 and 144: CITY OF NORMANEach project in the C
Page 145 and 146: CITY OF NORMANPARK LAND AND DEVELOP
Page 147 and 148: CITY OF NORMANBackgroundUNIVERSITY
Page 149 and 150: CITY OF NORMANGENERAL DEBT SERVICE
Page 151 and 152: CITY OF NORMANGeneral Government de
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Page 155 and 156: CITY OF NORMANARTERIAL ROADS RECOUP
Page 157 and 158: CITY OF NORMANRETIREMENT SYSTEMSBUD
Page 159 and 160: General Fund
Page 161 and 162: CITY OF NORMANFUND SUMMARYTOTAL GEN
Page 163 and 164: CITY OF NORMANDEPARTMENT SUMMARYTOT
Page 165 and 166: CITY OF NORMANDIVISION SERVICE EFFO
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Page 169 and 170: CITY OF NORMANGOALS:DIVISION SERVIC
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Page 173 and 174: CITY OF NORMANDIVISION SUMMARY010-1
Page 175 and 176: CITY OF NORMANANNUAL BUDGET138
Page 181 and 182: CITY OF NORMANANNUAL BUDGET144
Page 185 and 186: CITY OF NORMANPERFORMANCE MEASUREME
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CITY OF NORMANDIVISION SERVICE EFFO
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CITY OF NORMANDIVISION SUMMARY010-3
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CITY OF NORMANMISSION:DIVISION SUMM
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CITY OF NORMANDEPARTMENT SUMMARYTOT
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CITY OF NORMANGOALS:DIVISION SERVIC
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CITY OF NORMANDEPARTMENT SERVICE EF
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CITY OF NORMANPERFORMANCE MEASUREME
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GOALS:CITY OF NORMANDIVISION SERVIC
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Special Revenue Funds
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CITY OF NORMANFUND SUMMARYTOTAL ART
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CITY OF NORMANFUND SUMMARYTOTAL COM
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CITY OF NORMANFUND SUMMARYTOTAL PAR
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CITY OF NORMANMISSION:Efficiently r
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CITY OF NORMANFUND SUMMARYTOTAL SEI
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CITY OF NORMANDIVISION SUMMARY25- 2
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CITY OF NORMANDIVISION SUMMARY25 -
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CITY OF NORMANFUND SUMMARYTOTAL CAM
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CITY OF NORMANENTERPRISE FUNDSThe E
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CITY OF NORMAN3. Expand the discuss
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MISSION:CITY OF NORMANDIVISION SUMM
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MISSION:CITY OF NORMANDIVISION SUMM
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GOALS:CITY OF NORMANDIVISION SERVIC
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CITY OF NORMANDIVISON SUMMARY032-55
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CITY OF NORMANDIVISION SUMMARY321-
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CITY OF NORMANFUND SUMMARYTOTAL SEW
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CITY OF NORMANINTERNAL SERVICE FUND
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CITY OF NORMANCAPITAL PROJECTS FUND
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CITY OF NORMANFUND SUMMARYTOTAL UNI
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CITY OF NORMANSPECIAL GRANTS FUNDFY
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CITY OF NORMANWATER FUNDFYE 14 Capi
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CITY OF NORMANWATER FUNDFYE 14 Capi
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CITY OF NORMANSEWER MAINTENANCE FUN
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CITY OF NORMANSEWER SALES TAX FUNDS
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CITY OF NORMANCAPITAL FUNDFYE 14 Ca
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CITY OF NORMANUNIVERSITY NORTH PARK
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Outstanding Debt
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CITY OF NORMANFUND SUMMARYTOTAL GEN
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CITY OF NORMANWATER FUND31-5549Name
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CITY OF NORMAN2007A GENERAL OBLIGAT
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CITY OF NORMAN2008B GENERAL OBLIGAT
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CITY OF NORMAN2010 GENERAL OBLIGATI
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CITY OF NORMANWATER RECLAMATION FUN
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CITY OF NORMAN1995 NORMAN UTILITIES
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CITY OF NORMANSANITATION FUND33-556
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CITY OF NORMAN2012A GENERAL OBLIGAT
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CITY OF NORMAN2012C GENERAL OBLIGAT
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Pension Funds
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Appendix
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CITY OF NORMANBUDGET - A plan of fi
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CITY OF NORMANEMT-P - Emergency Med
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CITY OF NORMANINTERGOVERNMENTAL REV
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CITY OF NORMANPPT - Permanent Part-
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CITY OF NORMANTAXES - Compulsory ch
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CITY OF NORMANINDEXGGeneral Debt Se
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FYE 14 Budget prelim - City of Norman

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