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GENERAL FUND BUDGET PROJECTION-City of Montrose

FYE 2013

FYE 2014

FYE 2015

Revenue
Taxes
Licenses & permits
from State Govt.
Charges for services
Fines & forfeitures
Interest & rent
Other revenue
Transfers in
total revenue
Expenditures
General government
Police & fire
Other public safety
Other public works
Community & economic development
Recreation & culture
Debt service
total expenditures

377,130
21,800
179,944
156,256
5,000
22,700
1,105
5,614
769,549

380,901
22,018
181,743
157,818
5,050
22,927
1,116
5,670
777,243

384,710
22,238
183,560
159,396
5,101
23,156
1,127
5,727
785,015

156,627
363,041
5,650
145,731
10,386
18,536
69,578

158,193
366,671
5,706
147,188
10,490
18,721
70,274

160,170
371,254
5,777
149,028
10,621
18,955
71,152

769,549

777,243

786,957

Anticipated expenditure variance


from budget
Anticipated total expenditures
Surplus (shortfall)
Financial position - General Fund
Beginning fund balance
Ending fund balance

(1,942)
769,549
-

777,243
-

786,957
(1,942)

218,601
218,601

218,601
218,601

218,601
216,659

Contact information:
For more information please contact Frank L. Crosby at (810) 639-6168

FYE 2014 Budget Assumptions:


Revenues: 1% Annual Increases
Expenditures: 1% Annual Increases
FYE 2015 Budget Assumptions:
Revenues: 1% Annual Increases
Expenditues: 1.25% Annual Increases

Because budget appropriations are a


maximum, we typically spend about 35% less than budget.

City of Montrose
Limited General Obligation Bonds, 2005 Series
DATE
PRINCIPAL
INTEREST RATE
INTEREST PAYMENTS
11/1/2011
4.00% 10,576.25
5/1/2012
45,000.00
4.00% 10,576.25
11/1/2012
4.00% 9,676.25
5/1/2013
50,000.00
4.00% 9,676.25
11/1/2013
4.00% 8,676.25
5/1/2014
50,000.00
4.00% 8,676.25
11/1/2014
4.00% 7,676.25
5/1/2015
55,000.00
4.10% 7,676.25
11/1/2015
4.10% 6,548.75
5/1/2016
55,000.00
4.20% 6,548.75
11/1/2016
4.20% 5,393.75
5/1/2017
60,000.00
4.20% 5,393.75
11/1/2017
4.20% 4,133.75
5/1/2018
60,000.00
4.30% 4,133.75
11/1/2018
4.30% 2,843.75
5/1/2019
65,000.00
4.35% 2,843.75
11/1/2019
4.35% 1,430.00
5/1/2020
65,000.00
4.40% 1,430.00

9/1/2011
3/1/2012
9/1/2012
3/1/2013
9/1/2013
3/1/2014
9/1/2014
3/1/2015
9/1/2015
3/1/2016
9/1/2016
3/1/2017
9/1/2017
3/1/2018
9/1/2018
3/1/2019
9/1/2019
3/1/2020
9/1/2020

Limited General Obligation Bonds, 2006 Series


20,000.00
4.50% 7,675.00
4.50% 7,225.00
25,000.00
4.50% 7,225.00
4.50% 6,662.50
25,000.00
4.50% 6,662.50
4.50% 6,100.00
30,000.00
4.50% 6,100.00
4.50% 5,425.00
30,000.00
4.50% 5,425.00
4.50% 4,750.00
35,000.00
4.50% 4,750.00
4.50% 3,962.50
40,000.00
4.50% 3,962.50
4.50% 3,062.50
40,000.00
4.50% 3,062.50
4.50% 2,162.50
45,000.00
4.50% 2,162.50
4.60% 1,150.00
50,000.00
4.60% 1,150.00

TOTAL DEBT SERVICE


10,576.25
55,576.25
9,676.25
59,676.25
8,676.25
58,676.25
7,676.25
62,676.25
6,548.75
61,548.75
5,393.75
65,393.75
4,133.75
64,133.75
2,843.75
67,843.75
1,430.00
66,430.00

27,675.00
7,225.00
32,225.00
6,662.50
31,662.50
6,100.00
36,100.00
5,425.00
35,425.00
4,750.00
39,750.00
3,962.50
43,962.50
3,062.50
43,062.50
2,162.50
47,162.50
1,150.00
51,150.00

10/1/2011
4/1/2012
10/1/2012
4/1/2013
10/1/2013
4/1/2014
10/1/2014
4/1/2015
10/1/2015
4/1/2016
10/1/2016
4/1/2017
10/1/2017
4/1/2018
10/1/2018
4/1/2019
10/1/2019
4/1/2020
10/1/2020
4/1/2021

Water System Improvements Revenue Bonds, 1981 Series


5.00% 13,625.00
45,000.00
5.00% 13,625.00
5.00% 12,500.00
50,000.00
5.00% 12,500.00
5.00% 11,250.00
50,000.00
5.00% 11,250.00
5.00% 10,000.00
55,000.00
5.00% 10,000.00
5.00% 8,625.00
60,000.00
5.00% 8,625.00
5.00% 7,125.00
60,000.00
5.00% 7,125.00
5.00% 5,625.00
65,000.00
5.00% 5,625.00
5.00% 4,000.00
65,000.00
5.00% 4,000.00
5.00% 2,375.00
70,000.00
5.00% 2,375.00
5.00%
625.00
25,000.00
5.00%
625.00

13,625.00
58,625.00
12,500.00
62,500.00
11,250.00
61,250.00
10,000.00
65,000.00
8,625.00
68,625.00
7,125.00
67,125.00
5,625.00
70,625.00
4,000.00
69,000.00
2,375.00
72,375.00
625.00
25,625.00

CITIZENS" GUIDE TO LOCAL UNIT FINANCES-City of Montrose


1. Where our money comes from (all governmental funds)

REVENUES
2. Compared to the prior year

Taxes
Licenses & permits
from Federal Govt.
from State Govt.
Charges for services
Fines & forfeitures
Interest & rent
Other revenue
Net interfund transfers

2010
Taxes
$ 536,852
Licenses & permits
20,684
from Federal Govt.
from State Govt.
294,982
Charges for services
570,263
Fines & forfeitures
6,953
Interest & rent
72,533
Other revenue
286,666
Net interfund transfers
Sale of debt or assets
$ 1,788,933

2011
$ 498,947
21,373
12,249
294,950
580,883
6,135
69,924
61,345
18,000
935
$ 1,564,741

%
change
-7%
0
n/a
0%
2%
-12%
-4%
-79%
n/a
n/a
-13%

Sale of debt or assets

3. Revenue sources per capita - compared to the prior year

4. Historical trends of individual sources


total revenue

400
350
300
250
200
150
100
50
-

2,500,000
2,000,000

Sale of debt or assets

Other revenue

Interest & rent


2011

Net interfund transfers

2010

Fines & forfeitures

Charges for services

from State Govt.

from Federal Govt.

Licenses & permits

Taxes

1,500,000

Commentary:

For more information please contact Frank L. Crosby at (810) 639-6168

1,000,000
500,000
2007

2008

2009

2010

2011

CITIZENS" GUIDE TO LOCAL UNIT FINANCES-City of Montrose


1. Where we spend our money (all governmental funds)

EXPENDITURES
2. Compared to the prior year

General government

2010
General government
$
165,698
Police & fire
352,571
Other public safety
5,400
Roads
125,071
Other public works
144,942
Water & Sanitary Sewer
691,833
Community & economic development 52,825
Recreation & culture
21,407
Debt service
172,790
Interfund transfers (net)
123,940
total expenditures
$ 1,856,477

Police & fire


Other public safety
Roads
Other public works
Water & Sanitary Sewer
Community & economic
development

3. Spending per capita - compared to the prior year

2011
$
155,424
358,987
5,625
139,139
76,766
710,879
69,117
40,783
178,141
104,203
$ 1,839,064

%
change
-6%
2%
4%
11%
-47%
3%
31%
91%
3%
-16%
-1%

4. Historical trends of individual departments:

500
450
400
350
300
250
200
150
100
50
-

Police & fire

365,000
360,000

355,000
350,000
345,000

2011

Debt service

Capital outlay

Recreation & culture

Net Interfund transfers

2010

Community & economic


development

Water & Sanitary Sewer

Other public works

Roads

Other public safety

Police & fire

General government

340,000

Commentary:

For more information please contact Frank L. Crosby at (810) 639-6168

335,000

330,000
325,000
320,000
315,000
2007

2008

2009

2010

2011

CITIZENS" GUIDE TO LOCAL UNIT FINANCES-City of Montrose


1. How have we managed our governmental fund resources (fund balance)?

FINANCIAL POSITION
2. Compared to the prior year
2010
1,788,933
1,856,477
(67,544)

%
2011
change
1,564,741
-13%
1,839,064
-1%
(274,323)
-306%

502,140
159,784
997,996
1,659,920

230,920
126,033
708,964
1,065,917

3,000,000

Revenue
Expenditures
Surplus (shortfall)
Fund balance, by component:
Restricted
Assigned
Unassigned
total fund balance

2,500,000
2,000,000
1,500,000
1,000,000
500,000
2007
2008
total revenue

2009
2010
total expenditures

2011
Total fund balance

3. Fund balance per capita - compared to the prior year

4. Historical trends of individual components

1,200

2,500,000

1,000

2,000,000

800

1,500,000

600
1,000,000
400
500,000

200

2010

Restricted

2011

Assigned

Unassigned

Commentary:

For more information please contact Frank L. Crosby at (810) 639-6168

2007
Restricted

2008

2009
Assigned

2010

2011

Unassigned

-54%
-21%
-29%
-36%

CITIZENS" GUIDE TO LOCAL UNIT FINANCES-City of Montrose


1. Pension funding status
2. Retiree Health care funding status
1,200,000

OTHER LONG TERM OBLIGATIONS


3. Percent funded - compared to the prior year
60%

Actuarial Liability

1,000,000

50%

1,600,000
1,400,000

800,000

40%

1,200,000
600,000

30%

1,000,000
800,000

400,000

20%

600,000
10%

400,000

200,000

200,000
-

0%

Assets

Pensions

Actuarial Liability

Actuarial Liability

OPEB
12/31/2009

Sum of all
pension &
OPEB
plans
12/31/2010

4. Long Term Debt obligations:

5. Debt & other long term obligations per capita - compared to the prior year

3,000,000

1,180
1,160

2,500,000

1,140
Employee compensated
absences

2,000,000
1,500,000

Employee compensated
absences

1,120
1,100
1,080
1,060

1,000,000

Structured debt

1,040

Structured debt

1,020

500,000

1,000
-

980
2007

2008

2009

2010

2011

Commentary:

For more information please contact Frank L. Crosby at (810) 639-6168

2010

2011