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2012 State of the City Address

2012 State of the City Address

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Published by hungrymarshall1
Elkhart Mayor Dick Moore's State of the City, March 28, 2012.
Elkhart Mayor Dick Moore's State of the City, March 28, 2012.

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Categories:Types, Speeches
Published by: hungrymarshall1 on Mar 29, 2012
Copyright:Attribution Non-commercial

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08/17/2014

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SincebecomingMayoroverfouryearsago,ourCountryhasbeenconfrontedwithfinancialchallengessomesayhavenotbeenseensincethegreatdepression.Youhaveheardthatbefore,andyouhavehearditfromme.EachofmypreviousStateoftheCitymessageshasincludedsimilarcomments.However,todaymyoptimismgrows,asIamverypleasedtotellyou,thattogetherwearewritingadifferentendingtothatstory.Oneofsurvivalnotextinction,oneofgrowthnotstatusquo,oneofsuccessnotfailure.Whereweoncestoodatthetopoftheeconomicdownturn,wenowleadtheNationinrecovery.Thereweremanyfinancialhurdlesthrowninourway,butwearesucceeding!Andin-spiteofthosefinancialchallenges,weareinprettyfairfinancialshape.
Controller
ThecashbalanceoftheCity'streasuryattheendof
2011
was$91.3milliondollars,adecreasefromthe
2010
endingbalanceof$95.4million.ThedecreaseisattributedtocompletionofcapitalexpensesfortheLernerTheatre,whichre-openedin
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2011
afterextensiverenovation.Onehundredsixtyseven(167)oftheCity'sonehundredsixtyeight(168)funds
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maintainedapositivecashbalanceattheendoftheyear.Theotherisareimbursablefundandisexpectedtohaveanegativebalanceuntilreimbursed.TheoriginalcivilCitybudgetcontemplatedreceiptofrevenuesintheamountof$58million.Actualreceipts,totaled$54million.Propertytaxcreditsandtaxesuncollectedforotherreasonscausedrevenuetobelowerthanexpected.Ofthe$35millionpropertytaxlevyforthe
2011
civilCitybudget,
$27
millionwascollected.
$7
millionremaineduncollected.$6millionofthatwasduetopropertytaxcredits.Bycomparison,thelossofpropertytaxrevenuedue
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topropertytaxcreditsin2010was$4million.Theeffectsofthosecreditscontinuetorise.Thelossisexpectedtobeevenhigherin2012.TheapprovednetcivilCitybudgetfor2011was$55millionappropriatedamongtwenty-eight(28)funds.Theoriginalbudgetwasincreasedby$2millionintheformofencumbrancescarriedforwardfrom2010andby$4millionintheformofadditionalappropriationsforanetworkingcivilCitybudgetof$61million.Actualexpendituresandencumbranceswere$57.5million.Werecognizedareductioninoperationalcostsof$3.5million.Thereductionwascomprisedofsavingsof41%inpersonalservices,2%insupplies,51%inotherservicesandcharges,and6%incapitaloutlay.Thegreatestproportionofsavingsoccurredinotherservicesandchargesduetoareconciliationofliabilityinsuranceandinter-fundtransfers.Thenextlargestsavingsoccurredinpersonalserviceswherechangesinpersonnelthatcausedvacanciescontributedtoreductionsinexpendituresintheareasofwages,employer'sshareofSocialSecurity,Medicare,
PERF,
andgroupinsurance.Ourbudgetfor2011attheendof
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theyearreturned$3.5milliondollarstothefundstheycamefrom.Onceagainreinforcingmypolicythatadollarappropriatedisnotadollarspent.Wehavetakenalossinrevenueofover$6millionandhavereducedouroperatingcostsby$4million.Wealwaysoperatewithabalancedbudgetbutwehavenotyetbalancedouroperationwhencomparedwithourtaxlosses.Thatwillbedone.Another$2milliondollarsmustberemovedfromouroperatingbudget.TheCityhadlongtermdebtintheamountof$10.8milliondollarsaggregatedbetweentworevenuebondsonJanuary1,2011.Principalandinterestintheamountof
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$1.6millionwaspaidduringtheyear.TheParkDistrictBondof2006wasretiredin2011.Outstandingdebtontheremainingbondwas$10.3milliononDecember31.Thisisthebondthatweexpecttorecover$3to$3.5millionininterestthrutheAmericanRecoveryActbondingprogram.SomeofthefiguresIquotedareroundedupanddown.
HumanRelations
In1965,thesameyearthatthelandmarkVotingRightsBillpassed,MayorJohnWeaver'sadministrationcreatedtheMayor'sCommissiononHumanRelations.Today,theHumanRelationsCommissionfunctioncontinues.
EconomicDevelopment
TherewerefiveattractionandexpansionprojectsthatselectedElkhartin2011resultingin329newjobsbringingin$16.9milliondollarsinrealandpersonalproperty.Thisweaddtothe1,400newjobsweassistedwithpreviouslyandthe1,200retainedwhichincluded$70milliondollarsintaxableproperty.WeassistedThompson-ThriftwiththedevelopmentofthesouthwestcornerofCountyRoad6andCassopolisStreet.
As
thisdevelopsalongwithourGatewayprojectmorejobswillbecomeavailable.ThedepartmentassistedinhostingtheMayor'sEconomicDevelopmentSummit.TheprocesshasbegunforthecreationoftheSouthMainStreetGatewayTIF.ThenewTIFwillallowtheCitytohaveafundingsourcetohelppayforbeautificationeffortsalongthesoutherngatewayofElkhart.TherearecommercialpropertiesinthiscorridorandhavingTIFfundsavailablemakesthisamuchmoreattractiveareaforfuturecommercialdevelopment.
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