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2014-20156 Proposed Franklin Budget

2014-20156 Proposed Franklin Budget

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Published by Thunder Pig
Proposed budget for the 2014-2015 Fiscal Year for the Town of Franklin. It was presented to Aldermen and the local media at the May 5, 2014 regular meeting.
Proposed budget for the 2014-2015 Fiscal Year for the Town of Franklin. It was presented to Aldermen and the local media at the May 5, 2014 regular meeting.

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Published by: Thunder Pig on May 06, 2014
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06/04/2014

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Town Manager's Budget Message Fiscal Year 2014-2015
The Town
of
Franklin remains
in
a sound financial condition
with
a stable fund balance and a current ad-valorem
t x
rate
of
0.25 per 100. The Town
is
experiencing very
slow growth
in
our revenue sources especially sales tax interest on investments and water and sewer
revenues. The Town should remain diligent in maintaining spending
within
budgeted amounts and carefully consider any unanticipated expenditures during the fiscal year.
Debt Service
All
debt
payments are
fully
budgeted
s
required by law. The Town has completed the sewer
plant renovation and
the
additional
debt
service for this project
is
included within this budget.
Personnel
This
budget calls for a
1
one-time payment based on salary
in
lieu
of
a cost of
living
adjustment for
all
positions. The budget anticipates
the
retirement
of
the
current
IT
Director
in
July
allowing
the
Planner
to
assume
some
routine daily duties and contracting
other
more advanced network services as needed eliminating
one
full-time position. The budget also anticipates
the
retirement
of
the
current Main Street Program Director
in
August with those duties being split between a part-time Festival and Event Coordinator and a contractually obligated firm
or
individual for
the
Main Street duties. One entry level staff position
will
be funded within
the
current fire
department
budget with no overall increase
in
the
fire budget. Although
other
departments requested additional personnel funding was not available without reallocating funds from
other
areas. Employee benefits
will
remain unchanged.
Operating Capital Outlay
The police
department
will
be replacing one patrol vehicle with over
100 000
miles. Public works
will
replace
on ~
ton pickup.
Special Projects
Funds are budgeted for upgrades
to
the
gazebo area at Town Square for a stream restoration project
to
be completed
at
Memorial Park and
to
complete a job classification and salary study of
all
Town employees.
By
Department Water/Sewer: Funds are budgeted for five small water and sewer replacement projects. Funds are budgeted for cleaning
the
drainage basin
at
the water
plant. Police Department: Bulletproof vests
that
are nearing expiration
will
be replaced. Funds were increased for fuel costs and increased vehicle maintenance. Funds were also allocated for a
K-9
progran1.
Fire
Department: Replacement
of
uniforms and protective gear per
the
10
year strategic plan continues.
 
Water/Sewer Rates
The
Board
of
Aldermen completed a
two
year
w ter
and sewer rate increase last fiscal year.
Based
on current estimates water and sewer revenues combined are estimated
to
be
approximately 300,000 lower this year than expected
so
changes have been initiated within
the
Water and Sewer budget
to
maintain fund solvency. A detailed
w ter
rate study will
be
completed by June 2014 and
the
Town should review
the
study with due diligence anticipating a future water
tre tment
plant expansion
as
well
as
funding current
w ter
and sewer infrastructure projects. Conclusion This budget
for
FY
2013/2014
is
balanced in accordance
with the
North Carolina
Local
Government Budget and
Fiscal
Control Act and continues
to
provide existing services while meeting
the
governing board's priorities and policies. The General Fund budget was reduced by 242,000
but
a modest tax increase
is
recommended
to
adjust
the
ad
valorem tax rate
to
twenty-six cents ( 0.26) per one hundred dollars ( 100)
of
valuation. This
will
allow a modest transfer from undesignated funds
to
be
used
for
balancing
the
budget while maintaining a healthy and sustainable fiscal
future
for the
Town while still accomplishing several projects.
The
service fee
for
fire services
is
recommended
to
remain at
the
current funding level
of
0.04 per one hundred dollars ( 100)
of
valuation. Revenue from the service fee will cover all operating expenses with
the
only transfer
from the
fire fund balance utilized
for
apparatus lease payments. Until
the
detailed rate study
is
completed and analyzed,
it
is
recommended
th t
sewer and
w ter
rates remain unchanged. Although revenues are projected
to
be
approximately 300,000
lower
than anticipated, adjustments have been made
within
the budget
to
compensate
for the
revenue loss
with
no increase
in
w ter
and sewer rates this year and a modest transfer from
the
water and sewer fund balance. Sincerely; Warren
J
Cabe
Town Manager Attachments
 
TOWN
OF
FRANKLIN,
NORTH CAROLINA
Budget Ordinance For the Fiscal Year Ending June 30, 2015 BE
IT
ORDAINED,
The
Board
of
Aldermen
of
the Town
of
Franklin, Macon County, North Carolina that the accompanying budget is adopted in accordance with the applicable general statutes
of
the State
of
North Carolina for the fiscal year ending June 30, 2014.
BE
IT
FURTHER
ORDAINED, that there hereby be levied the following rate
of
tax on each one hundred dollars ( 100) valuation
of
taxable property, as listed for taxes in
January
1
2013
for the purpose
of
raising the revenue
from current year property
tax
as
set
forth
in
ad
valorem
tax
revenue,
and
in
order
to
assist
along
with
other
anticipated
revenues,
in
financing
the appropriations
per
the accompanying
budget. General
Fund
for
general
expenses
incident
to the
proper
government
of
the Town)
0.26
Total rate per 100.00 valuation
of
taxable property 0.26
SECTION
I
The Town Manager and/or Finance Officer are hereby authorized to
transfer
appropriations
within
a
fund as
contained
herein
under
the
following
conditions:
a)
The
Finance
Officer
may
transfer
amounts
between
objects
of
expenditure
within
a department.
b
The Town Manager may transfer amounts between departments, as defined
above
with
a subsequent
report
to
the Board
of
Aldermen recorded
in
the
minutes.
c) The funding for approved reclassifications may be transferred from the budgeted
reserve
with
the
approval
of
the
Town
Manager. d)
No
revenues
may be
increased,
no
funds may
be
transferred
from
the
Contingency account
in the General Fwid
or
Capital
Projects
Funds,
and
no
transfers may be made
between
funds
unless fonnal action
is
taken
by
the
Board
of
Aldennen.
SECTION
2.
The
Town Manager is hereby authorized to accept grant funding which has been previously approved for application by the Board
of
Aldermen, including any local
match
involved.
The
Town
Manager
is
authorized
to
execute
any
resulting
grant
documents.
Also
the
Town
Manager
is
authorized
to
enter into
contracts
for
purchases
of
apparatus,
supplies, materials,
or
equipment
as described
in
G.S.
143, Section
8
up
to
the ]jmjts stated therein for informal bidding
whi h
are within budgeted appropriations.
The
Town
Manager
is
authorized
to
enter
into routine
service
contracts in
the
nonnal course
of
town
operation
within
budgeted appropriations. Change
Orders
for
capital

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