2. FUNDS OF THE CITY
• General Fund
• Special Revenue Funds
• 911
• Major Streets
• Milan Youth Football
• Rubbish Collection
• Grant Fund
• Drug Enforcement
• Volunteers in Police Services
3. FUNDS OF THE CITY
• Debt Service Funds
• Northside SAD Debt Service
• Arkona Road Reconstruction SAD Debt Service
• Arkona Road Traffic Control Imp SAD Debt
• Southside Trunk Sewer SAD Debt
• Uptown Village Special Assess District
• Capital Project Funds
• Pavilion
• Capital Improvement Fund
4. FUNDS OF THE CITY
• Enterprise Funds
• Mooreville Sewer Fund
• Water Fund
• Sewer Fund
• Storm Sewer Fund
• Component Units
• Economic Development Corp Fund
• Downtown Development Authority
• Brownfield Redevelopment Authority
5. FUNDS OF THE CITY
• Trust and Agency Funds
• Trust and Agency Fund
• Delinquent Tax Fund
• Monroe County Tax Fund
• Washtenaw County Tax Fund
• Mobile Home Specific Tax
• Payroll Clearing Fund
6. FUNDS OF THE CITY
• 17 funds will be closed with the FY 15-16
Budget.
• Five funds were closed this year.
7. GENERAL FUND
• Covers the majority of city operations, including
Police, Fire, Department of Public Works, City
Hall, Building Department, Parks and
Recreation, Senior Citizen services,
maintenance, IT, Treasurer, Clerk, etc.
• Current FY 2014-15 budget was amended on
April 27th to reflect a decrease in revenues of
$265,000 which was due to an error occurring in
2014.
• As a result of the error in revenues recently
discovered, $172,517 in fund balance is being
used to balance the FY 2015-16 budget.
• General Fund will is budgeted to end with a fund
balance of over $1,000,000.
8. MAJOR AND LOCAL STREETS
• Covers maintenance, snow removal, and
reconstruction of streets.
• Primarily funded through state revenue.
• Grant funding received for North Street and
Platt Rd/Redman intersection improvements.
• 1 mil proposed for additional city funding.
• Major streets FY 2015-16 estimated ending
fund balance of $112,327
• Local streets FY 2015-16 estimated ending
fund balance of $37,447
9. MAJOR AND LOCAL STREETS
• Street Projects for FY 2015-16
• Redman Rd./S.Platt Rd. intersection
improvement
• North St. between First St. and E Michigan Ave.
• Ferman St. between E. Second St. and
E. Michigan Ave.
• Ann St. between North St. and Ferman St.
• Corrective action on Wabash Rd. (in conjunction
with the Monroe County Road Commission).
• Crack sealing will continue in FY 2015-16
10. MILLAGE RATES
• 15.4 City operations (1 mil to the street
funds)
• .5 Senior Millage (voter approved)
10.3304
13.1555
15.7594 15.9 16.2114
17.1501
21.2574
23.4814
Millage rates with 1 mill for streets
Luna Pier Chelsea Saline Milan Monroe Ann Arbor Petersburg Ypsilanti
11. STREET MILLAGE
• This only fulfills approx. ¼ of the funding gap
identified in our asset management plan to
keep the majority of our roads in ‘good’ to
‘fair’ condition.
• Other sources of funding are still needed
• The city will continue to aggressively seek grant
funding.
• State action is still pending.
12. STREET MILLAGE
• Consequences of not including 1 mil towards
streets in FY 2015-16:
• Over $60,000 from general fund balance would
be needed to cover expenses in this fund,
resulting in the general fund balance dipping
below $1,000,000 and/or,
• A street project or projects would need to be
cancelled.
13. OTHER RATES
• Water/Sewer
• Rates remain the same for city users.
• Rates will be adjusted for non-city users to be
consistent with city code.
• Rubbish fee remains the same.
• Tap-in fees remain unchanged.
Hinweis der Redaktion
Revenue in to pay debt
Enterprise funds are “like a business.” They are funded through user fees and ultilize full-accrual method of accounting. Water and Sewer were separated into two funds.
Component funds are typically funded through tax capture. EDC has not had activity in 18 years. DDA is millage funded. The taxable value fell below the established base value due to state changes in personal property tax.
Trust and Agency are fiduciary funds covers activity that the city is responsible for, but does not ‘belong’ to the city. Parks and Recreation fundraising and Beautification are included.
Grants include Washtenaw County
Current year budgeted ending for Major $451,000
Current year budgeted ending for Local $305,000
Current year budgeted ending for Major $451,000
Current year budgeted ending for Local $305,000
Discuss benefits of Ferman/Ann for cost savings.
Some out of city customers rates go up and others down as a result.
Cut in tap-in fee for residential remains in place.