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11-10-2015 CCM WORKSHOPHUTCHINSON CITY COUNCIL REVIEW OF 2016 ENTERPRISE FUND BUDGETS MINUTES TUESDAY, NOVEMBER 10, 2015 AT 4:00 PM CITY CENTER — COUNCIL CHAMBERS 1. Call to Order Mayor Forcier called the workshop to order at 4:00 p.m. Members present included Mary Christensen, Bill Arndt, Chad Czmowski and John Lofdahl. Others present were: Matt Jaunich, City Administrator and Kent Exner, City Engineer REVIEW OF 2016 ENTERPRISE FUND BUDGETS 2. Liquor Hutch Budget Matt Jaunich, City Administrator, presented before the Council. Mr. Jaunich explained that total sales have increased at an average annual rate of 3% and the customer count increased by an average annual rate of 1.5% since 2007. A 2.6% increase in sales has been seen from 2015 to 2016. Mr. Jaunich provided various statistics on liquor store sales and sales compared to customer counts. The summary of the Liquor Hutch budget sees a 2.6% increase in revenue and expenses. Depreciation is factored into this budget, which includes the building and its components. The ending cash balance for 2016 is budgeted at $308,587. Creekside Budget Mr. Jaunich noted that Creekside is proposing a reduction in their production model. Andy Kosek, Creekside General Manager, presented before the Council. Mr. Kosek explained that a reduced production model provides for more focus on higher margin products. The reduced production model will lower business risks and extend the life of Creekside's equipment. The new model will see a reduction in expenses for 2016 by over 40%. These include reduced production load, contracted staffing and freight. The ending cash balance for Creekside is budgeted at $1,499,960. Refuse/Garbage Budget Mr. Jaunich noted that the refuse/garbage budget sees an increase in revenue of 1.4% from 2015. The residential rates have held flat with no rate increase since 2008 and will have no increase in 2016. Expenses for the refuse/garbage budget will see a decrease of 4.9% for 2016. There is a transfer out that goes to the tree disease infestation/mitigation fund. There is also a final debt service payment in 2017 that is for a piece of equipment. The tipping fee at the landfill did increase approximately 9%. The ending cash balance for Refuse/Garbage is budgeted at $1,044,215. Water Fund Budget Mr. Jaunich explained that the Water Fund budget shows a 1% decrease in total revenue for 2016. Some of this is attributed to actual sales tax not increasing as expected with prior budgets, which is based off of a 2% increase over the 2015 forecast of $672,000. There will be no rate increase in 2016 and has not been since 2011. The budget will include an increase in water connection charges. Total expenses for the water fund budget are budgeted at a 3.4% decrease. The ending cash balance for the water fund budget is budgeted at $4,054,035. General discussion was held regarding using future funds for state -mandated water conservation efforts. Sewer Fund Budget Mr. Jaunich explained that the sewer fund budget sees a .4% decrease in revenues for 2016. Sewer rates will see no increase in 2016. Expenses are budgeted at a 7.5% decrease for 2016. This is due to a decrease in staffing costs related to automatic meter reading system and includes a decrease in utility costs to account for solar array. The sewer fund budget has an ending cash balance budgeted at $5,518,727. Mr. Jaunich reviewed the local option sales tax program and the purpose of it which is dedicated solely to retiring the debt in water and sewer funds. If cash reserves are sufficient, it is an option for the City to retire the debt early. Mr. Jaunich explained that while the main purpose of the tax is to retire existing debt, it also allows the City to build healthy cash reserves to help with annual street projects with water & sewer infrastructure improvements, make improvements that may be needed in each facility, institute other projects that create efficiencies and maintain stable water/sewer rates. Stormwater Fund Budget Mr. Jaunich explained that total revenue in the stormwater fund budget is seeing an increase of 8.4%. There is a planned rate increase of 8.3% over nine classifications. Expenses are budgeted at a .4% decrease. City's leaf vacuuming program is accounted for in this fund and street sweeping is also funded by this account. The ending cash balance in the stormwater fund budget for 2016 is $1,245,524. Lastly, Mr. Jaunich provided an overview on enterprise fund transfers to the general fund which includes a total transfer from all funds of $671,290 in 2016. Overall, all the enterprise funds are healthy and doing well. Some general discussion items were held with Creekside, related to reduced bagging line hours and the fact that the grinder and the screening plant are big ticket pieces of equipment that may be looming for replacement in the coming years. 3. Adj ournment Motion by Lofdahl, second by Arndt, to adjourn the workshop at 5:00 p.m. Motion carried unanimously. ATTEST: Gary T. Forcier Mayor Matthew Jaunich City Administrator