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2018 Adopted Annual Operating & Capital Improvement Budget

GOVERNMENT PROFILE

GOVERNMENT PROFILE Organizational Purpose The organizational purpose of the City of Greenwood Village Government is to make a difference in the quality and character of the community. To meet this purpose, the organization employs an outcome based management philosophy whereby success is measured not by the amount of work accomplished, but instead by the benefits provided to the organization’s stakeholders as a result of its activities. As such, each program area has identified outcome measures and goals, which correlate to the program area’s purpose. Such purposes were developed in direct support of the organizational goals and objectives. The organizational focus provides direction and helps define the scope of services offered by the organization. The organizational focus of the City of Greenwood Village is that of sustaining a high quality of life for residents and providing high quality customer service. The following list provides the quality of life outcomes: Safe - A Safe & Secure Village Clean - A Clean Village Pretty - High Quality Appearance Fun - Leisure & Learning Opportunities Accessible - Organized & Easily Traveled Environment - High Quality Built & Natural Belonging - A Sense of Community Customer Service - Quality Customer Service 6

GOVERNMENT PROFILE Executive Summary The primary purpose of the City’s budget and budgetary process is to develop, adopt and implement a fiscally sound and sustainable plan for accomplishing the established goals of the upcoming year while remaining consistent with the long-term vision of the community. The Proposed 2018 Annual Operating & Capital Improvement Budget focuses on 1) maintaining existing levels of service; 2) reinvestment in the capital infrastructure of the community; and 3) safeguarding the financial condition of the organization. The budget maintains the high-quality services that residents expect, and provides for reinvestment in the community’s infrastructure without the imposition of new taxes or use of debt. In 2018, the City expects to generate revenues of approximately $48.8 million. The amount represents an increase in revenues of $162,645 or 0.3% when compared to the prior year’s amended budget. The slight increase is the combined result of existent negligible growth in sales, lodging and occupational privilege tax collections, as well as an anticipated decline in future development activity. Given the irregularity of development-related collections, the City remains conservative when forecasting revenues associated with building material use tax, building permits, and plan review fees. Omitting development-related revenue sources from the comparison, results in an anticipated, and relatively modest increase in revenue of $1.02 million or 2.3%. An ongoing challenge facing the City is its dependency on sales and use tax revenues. More than 60% of the City’s total revenue is attributable to sales and use tax collections, making the organization especially reliant upon, and vulnerable to, patterns in consumer and commercial spending. Furthermore, as a regional employment center, the City’s tax collections depend heavily on business spending, as well as that of the local workforce. In addition to local economic data, the City employs the use of several national consumer and development based economic indexes to interpret current and future trends, forecast revenues, and adopt financial strategies to maintain the financial condition and outlook of the organization. The underlying revenue assumptions in the 2018 budget are intended to be conservative but realistic given the materiality of sales and use tax revenue to the City and their inherent sensitivity to consumer and commercial spending. Furthermore, the figures and ongoing volatility reported in the consumer confidence, purchasing managers’, and retail sales indexes over the past twelve months, indicates a reasonably healthy, yet uncertain economy. The City of Greenwood Village is a mature community, surrounded by other jurisdictions with relatively limited area available for new development. It is because of this that development-related revenues are not only viewed as unsustainable, but are in fact expected to decline. As such, the City does not use development-related collections to support the ongoing operating costs of the organization, but instead, allocates such revenues for the purpose of supporting the capital improvement program. As previously stated, a primary focus of the 2018 budget is that of maintaining current service levels. Forecasted citywide expenditures of $54.4 million are 9.1% below that of the current year’s amended budget. Similar to revenues, the total expenditure figure is misleading without the benefit of additional discussion. As per the Municipal Charter, appropriations related to capital improvement projects do not expire or terminate at the close of the fiscal year. Thus, unspent appropriations from the prior year have been “carried over” to the 2017 amended budget. The process inflates the prior year capital outlay appropriations and consequently, makes it appear as though the City is reducing the capital improvement budget by $4.5 million. Additionally, one-time expenditures such as the dissolution of the Greenwood Village Sewer General Improvement District #1 in 2017, as well as the proposed offset of personnel expenditures via the use of retirement plan forfeitures also serves to distort the year-to-year comparison. Omitting the above items from the budget comparison provides a much more accurate assessment and results in an increase of $1.1 million or 3.0%. The 2018 budget continues the City’s commitment to maintaining high-quality services and attracting and retaining highquality employees. This includes funding for compensation and benefits competitive within the market. Costs associated with personnel represent 64.9% of the City’s operating budget or 44.2% of the total budget. The 2018 budget includes market adjustments to the City’s pay plan, an average 3.5% performance increase for general employees, and step increases for sworn personnel. Benefits, meanwhile, are continuing at 2017 rates with the exception of health insurance, for which the employer cost is increasing by 8.8% to remain competitive within the marketplace. Of notable interest is the deliberate use of previously accumulated retirement plan forfeitures in the amount of $783,265 to offset 2018 employer contributions. Overall, costs associated with personnel are projected to increase 1.3% over that of the prior year’s amended budget. The City recognizes that in order to continue providing the high-quality services the community expects, it is imperative that the organization continue efforts to foster a healthy and attractive commercial environment. The 2018 budget 7

  • Page 1: 2018 Annual Operating & Capital Imp
  • Page 4 and 5: TABLE OF CONTENTS Appendix Long-Ran
  • Page 6 and 7: DISTINGUISHED BUDGET PRESENTATION A
  • Page 8 and 9: GOVERNMENT PROFILE Organizational C
  • Page 12 and 13: GOVERNMENT PROFILE supports ongoing
  • Page 14 and 15: COMMUNITY PROFILE Transportation As
  • Page 16 and 17: COMMUNITY PROFILE Economic Developm
  • Page 18 and 19: ECONOMIC INDICATORS Consumer Confid
  • Page 20 and 21: BUDGET PROCESS Budget Calendar Janu
  • Page 22 and 23: BUDGET PROCESS Debt Service Funds a
  • Page 24 and 25: REVENUE ASSESSMENT Taxes & Special
  • Page 26 and 27: REVENUE ASSESSMENT discussions with
  • Page 28 and 29: REVENUE ASSESSMENT and park use. Re
  • Page 30 and 31: REVENUE ASSESSMENT Miscellaneous Re
  • Page 32 and 33: EXPENDITURE ASSESSMENT Personnel Pe
  • Page 34 and 35: EXPENDITURE ASSESSMENT Capital Outl
  • Page 36 and 37: OTHER SOURCES & USES Overview Since
  • Page 38 and 39: FUND BALANCE ANALYSIS 2018 Beginnin
  • Page 40 and 41: CITY-WIDE REVENUE DETAIL 2016 Audit
  • Page 42 and 43: CITY-WIDE EXPENDITURE DETAIL 2016 A
  • Page 44 and 45: FUND/DEPARTMENT APPROPRIATIONS Appr
  • Page 46 and 47: GENERAL FUND FINANCIAL SUMMARY Reve
  • Page 48 and 49: GENERAL FUND REVENUE DETAIL 2016 Au
  • Page 50 and 51: GENERAL FUND EXPENDITURE DETAIL 201
  • Page 52 and 53: MAYOR & COUNCIL Expenditure Detail
  • Page 54 and 55: CITY MANAGEMENT Personnel & Financi
  • Page 56 and 57: CITY MANAGER’S OFFICE Statement o
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    COMMUNITY OUTREACH Expenditure Deta

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    CITY ATTORNEY Personnel & Financial

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    60

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    MUNICIPAL JUDGE Expenditure Detail

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    ADMINISTRATIVE SERVICES Personnel &

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    ADMINISTRATION Statement of Purpose

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    INFORMATION MANAGEMENT SERVICES Sta

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    MUNICIPAL COURT SERVICES Statement

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    HUMAN RESOURCE SERVICES Statement o

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    HUMAN RESOURCE SERVICES Expenditure

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    SHARED TECHNOLOGY SERVICES Outcome

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    SHARED TECHNOLOGY SERVICES Variance

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    FINANCE Personnel & Financial Summa

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    ADMINISTRATION Statement of Purpose

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    ACCOUNTING & FINANCIAL REPORTING St

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    ACCOUNTING & FINANCIAL REPORTING Va

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    TAXPAYER SERVICES Expenditure Detai

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    COMMUNITY DEVELOPMENT Personnel & F

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    ADMINISTRATION Statement of Purpose

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    PLANNING Statement of Purpose The P

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    BUILDING SAFETY Statement of Purpos

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    NEIGHBORHOOD SERVICES Statement of

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    NEIGHBORHOOD SERVICES Expenditure D

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    BUILDING SERVICES Service Level Ind

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    104

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    PARKS, TRAILS & RECREATION Organiza

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    PARKS, TRAILS & RECREATION Explanat

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    ADMINISTRATION Statement of Purpose

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    RECREATION Statement of Purpose The

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    RECREATION Expenditure Detail 2016

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    CULTURAL ARTS Statement of Purpose

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    CULTURAL ARTS Service Level Indicat

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    CULTURAL ARTS Variance Justificatio

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    PARKS, TRAILS & OPEN SPACE Expendit

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    PARKS & TRAILS MAINTENANCE Expendit

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    PARKS & TRAILS MAINTENANCE Expendit

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    PARKS & TRAILS MAINTENANCE Expendit

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    PARKS & TRAILS MAINTENANCE Expendit

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    POLICE Organizational Chart Chief o

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    POLICE Explanation of Budget Varian

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    ADMINISTRATION Statement of Purpose

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    ADMINISTRATION Variance Justificati

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    SUPPORT SERVICES Outcome Measures 9

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    SUPPORT SERVICES Variance Justifica

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    PATROL SERVICES Outcome Measures 20

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    PATROL SERVICES Variance Justificat

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    DETECTIVE SERVICES Expenditure Deta

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    PUBLIC WORKS Organizational Chart D

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    PUBLIC WORKS Expenditure Detail 201

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    ADMINISTRATION Expenditure Detail 2

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    ENVIRONMENTAL SERVICES Statement of

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    ENVIRONMENTAL SERVICES Expenditure

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    TRANSPORTATION Statement of Purpose

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    TRANSPORTATION Expenditure Detail 2

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    SNOW & ICE CONTROL Statement of Pur

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    ROADS Statement of Purpose The Road

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    ROADS Variance Justification Perso

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    FLEET MANAGEMENT Service Level Indi

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    174

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    CAPITAL PROJECTS FUND FINANCIAL SUM

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    CAPITAL PROJECTS FUND EXPENDITURE D

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    FIVE-YEAR CAPITAL PROJECT SUMMARY 2

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    184 PROJECT DETAILS

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    186 PROJECT DETAILS

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    188 PROJECT DETAILS

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    190 PROJECT DETAILS

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    192 PROJECT DETAILS

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    194 PROJECT DETAILS

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    196 PROJECT DETAILS

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    198 PROJECT DETAILS

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    200 PROJECT DETAILS

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    202 PROJECT DETAILS

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    204 PROJECT DETAILS

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    206 PROJECT DETAILS

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    208 PROJECT DETAILS

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    210 PROJECT DETAILS

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    212 PROJECT DETAILS

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    214 PROJECT DETAILS

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    216 PROJECT DETAILS

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    218 PROJECT DETAILS

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    220 PROJECT DETAILS

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    222 PROJECT DETAILS

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    224 PROJECT DETAILS

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    226 PROJECT DETAILS

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    228 PROJECT DETAILS

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    230 PROJECT DETAILS

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    232 PROJECT DETAILS

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    234 PROJECT DETAILS

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    236 PROJECT DETAILS

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    GENERAL FUND LONG-RANGE FINANCIAL P

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    PERSONNEL SUMMARY Full-Time Equival

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    PERSONNEL SUMMARY 2016 Audited Actu

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    FINANCIAL POLICIES Procurement Poli

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    GLOSSARY OF TERMS Acronyms CAFR: CI

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    GLOSSARY OF TERMS Contractual Servi

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    GLOSSARY OF TERMS Service Level Sou

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    252

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