FYE 14 Budget prelim - City of Norman

CITY OF NORMANPUBLIC SAFETY SALES TAX FUNDBUDGETHIGHLIGHTSBackgroundOn May 13, 2008, the citizens of Norman passed a 7-year, one-half percent (1/2%) PublicSafety Sales Tax in order to increase the number of police officers and firefighters, and to constructtwo new fire stations. Ordinance O-0708-32 authorized the City to assess the new sales taxbeginning October 1, 2008 and terminating on September 30, 2015.Previous to Fiscal Year ending June 30, 2011, the revenues and expenditures associatedwith the Public Safety Sales Tax (PSST) were accounted for in the General Fund. They are now inthe PSST Fund, a Special Revenue Fund established with the passage of the FYE 11 budget toaccount for the temporary PSST revenue and related expenditures.FYE 14 BudgetEstimated revenues of $9,340,298 are being projected at a 4.5% increase over estimatedFYE 13 collections. Estimated expenditures of $10,224,073 are budgeted in FYE 14.Two positions will be added during FYE 14 in the Police Department, making a total of 69positions in the PSST Fund. Thirty of these are in the Fire Department.By the end of the seventh year, 71 total positions will be added for improved public safety.ANNUAL BUDGET59