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Home My WebLink AboutOrdinance 40-13RECORD OF ORDINANCES Dayton Legal Blank, Inc. nance No, 40 -13 Form No.30043 Passed 20. AN ORDINANCE ADOPTING THE PROPOSED TAX BUDGET FOR FISCAL YEAR 2014 WHEREAS, Section 5705.28 of the Ohio Revised Code requires that City Council adopt a tax budget for the following year on or before July 15; and WHEREAS, Section 5705.30 of the Ohio Revised Code requires the tax budget to be filed with the County Auditor(s), as secretary to the budget commission(s), on or before July 20; and WHEREAS, the filing of the tax budget with the County Auditor(s) entitles the City to participate in "local government funds," which are monies collected by the State of Ohio and shared with its various political subdivisions via the County (Counties). NOW, TH REFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, of the elected members concurring that: Section 1 . The proposed 2014 tax budget hereto attached as an Exhibit, be and hereby is approved. Section 2. This ordinance shall take effect on the earliest date permitted under applicable law. Passed this 16 : d 4 day of 2013 �I z - / . C /Q2 Mayor — P si ing Officer ATTEST: Clerk of Council City of Dublin Office of the City Manager 5200 Emerald Parkway • Dublin, OH 43017 -1090 Phone: 614 - 410 -4400 • Fax: 614- 410 -4490 To: Members of Dublin City Council From: Marsha I. Grigsby, City Manager ��,-- Date: May 16, 2013 Memo Initiated By: Angel L. Mumma, Deputy City Manager /Director of Finance and Administration Bryan K. Thurman, Deputy Director of Finance Melody Kennedy, Financial Analyst Re: Ordinance No. 40 -13 - Adopting the Proposed Tax Budget for Fiscal Year 2014 Summary Ordinance No. 40 -13 authorizes the adoption of the proposed tax budget for fiscal year 2014 in compliance with the Ohio Revised Code (ORC) Section 5705.28. The tax budget includes actual revenue and expenditures for the two preceding years (2011 and 2012) and estimates of revenue and expenditures for the current and upcoming year (2013 and 2014). Once the tax budget is adopted, it will be filed with the Delaware and Franklin County Budget Commissions. Union County does not require the tax budget to be filed with their County Budget Commission. ORC requires the adoption of the tax budget by July 15, and the City is required to submit the tax budget to the County Budget Commissions before July 20. The City's eligibility to receive "local government funds" from Delaware and Franklin Counties is contingent upon the timely filing of a tax budget with the respective County Budget Commissions. The Franklin County Budget Commission also reviews any property tax levy assessments outside the 10 -mill limitation to verify the appropriate millage for those obligations. As City Council is aware, the allocation of the City's inside millage, a total of 1.75 mills, can be adjusted on an annual basis. As part of the 2013 — 2017 CIP review, City Council approved continuing the same allocation where 80% (1.4 mills) of the property tax revenue from the City's ""inside millage" is allocated to the Capital Improvements Tax Fund. Below is a history of the approved allocation: Fiscal Years Millaae Fun Prior to 2000 1.17 General Fund .50 Safety Fund .08 General Obligation Debt Service Fund 1.75 2001- 2006 1.75 Parkland Acquisition Fund 2007- 2009 .95 Parkland Acquisition Fund .80 Capital Improvements Tax Fund 1.75 2010-2013 .35 Parkland Acquisition Fund 1.40 Capital Improvements Tax Fund 1.75 Ordinance No. 40 -13 - Adopting the Proposed Tax Budget for FY 2014 May 16, 2013 Page 2 of 2 The City has the option of reallocating the tax revenue from the inside millage each year as part of the tax budget process, and then again later in the year when the Resolution Accepting the Amounts and Rates is considered in early September. In addition to the revenue generated from the City's 1.75 mills from inside millage, the City also receives revenue from 1.20 mills of outside millage, which is credited to the Safety Fund for police operations. The effective rates for outside residential agriculture and commercial millage are .204756 and .314205, respectively. On April 8, 2013, a first quarter 2013 financial update was provided to City Council. As discussed, income tax revenues through the first quarter had increased 2.2% over the first quarter of 2012. Through April 2013, income tax collections increased 9.4% above what was collected through the same time period in 2012. This increase was a result of an increase of 59.9% in net profit payments through April 2013 as compared to the same period in 2012. Despite the favorable income tax revenue to date, 2014 revenue is anticipated at this early stage to be even with 2013 projected income tax revenue. This conservative estimate takes into account the loss of Verizon. The shift of these jobs from Dublin to Hilliard has commenced and is expected to continue through the end of 2014, when the Company's current lease expires. The General Fund balance is a critical component to the financial stability of the City and continues to be a key financial indicator used by the rating agencies in evaluating the financial strength of the City. The City's practice has been to maintain a year -end balance equal to or greater than 50% of the General Fund expenditures, including operating transfers. Based on estimated revenues and expenditures, the 2014 tax budget reflects an estimated year -end General Fund balance of $51,840,245 for 2013 and $51,184,475 for 2014, which, as a percentage of General Fund expenditures and operating transfers, equals 85.8% and 82.6 %, respectively. This budgeting method is consistent with the City's practice of conservatively estimating revenues and expenditures. While the proposed tax budget for FY 2014 reflects a precursory review of revenue and expenditures for the upcoming year, staff will continue to monitor revenue and expenditures, provide updated reports and make current and future revenue and expenditure adjustments as necessary. Recommendation Staff recommends approval of Ordinance 40 -13 at the second reading /public hearing on June 10, 2013. Attachment SCHEDULE A SUMMARY OF AMOUNTS REQUIRED FROM GENERAL PROPERTY TAX APPROVED BY BUDGET COMMISSION, AND COUNTY AUDITOR'S ESTIMATED RATES For Municipal Use F or Budget Com Use F or County Audito Use FUND (Include only those funds which are requesting eneral roe tax revenue ) Budget Year Amount Requested of Budget Commission Inside/ Outside Budget Year Amount Approved by Budget Commission Inside 10 Mill Limitation County Auditor's estimate Budget Year Tax Rate to be Levied Amount to be Derived From Inside 10 Mill Outside 10 Mill Levies Outside Limited Budget Limit Budget 10 Mill Limitation Year Year Column 1 Column 2 Column 3 Column 4 Column 5 GOVERNMENT FUNDS XXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX GENERALFUND 0 POLICE/SAFETY OPERATING FUND 369,050 G. O. DEBT SERVICE FUND 0 PARKLAND ACQUISITION 589,600 CAPITAL IMPROVEMENTS TAX FUND 2,286,300 PROPRIETARY FUNDS XXXXXXXX XXXXX)= XXXXXXXXX XXXXXXXXX XXXXXXXX FIDUCIARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX TOTAL ALL FUNDS 3,244,950 TABUDGET1Tax Budgets12014 TAX 13UDGE1ATaxbud2014 City of Dublin, Ohio 5/10/2013 SCHEDULE B LEVIES OUTSIDE 10 MILL LIMITATION, EXCLUSIVE OF DEBT LEVIES FUND Maximum Rate Authorized to be Levied Tax Year County Auditor's Estimate of Yield of Levy (Cant' to Schedule A, Column 3 GENERAL FUND: Current Expense Levy authorized by voters on not exceed years. Authorized under Sect. , R.C. Current Expense Levy authorized by voters on / / not exceed years. Authorized under Section. R.C. Current Expense Levy authorized by voters on / / 1 11 not exceed years. Authorized under Section. , R.C. Current Expense Levy authorized by voters on / / not exceed years. Authorized under Section. , R.C. Current Expense Levy authorized by voters on / / 1 11 not exceed years. Authorized under Section. R.C. not exceed years. Authorized under Section. , R.C. Current Expense Levy authorized by voters on / / not exceed years. Authorized under Section. , R.C. TOTAL GENERAL FUND OUTSIDE 10 MILL LIMITATION SPECIAL LEVY FUNDS POLICE /SAFETY FUND, Levy authorized by voters on 06/1976 1.2 not to exceed ONGOING years. Authorized under Section , R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on not to exceed years. Authorized under Section R.C. FUND, Levy authorized by voters on T:\BUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio 5/10/2013 FUND NAME: GENERAL FUND FUND TYPE /CLASSIFICATION: GOVERNMENTAL — GENERAL This Exhibit is to be used for the General Fund Onlv EXHIBIT I DESCRIPTION (1) For 2011 Actual (3) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) REVENUES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Local Taxes General Property Tax — Real Estate 0 0 0 0 Tangible Personal Property Tax 0 0 0 0 Municipal Income Tax 53,714,445 56,572,887 56,155,800 56,155,800 Other Local Taxes 0 0 0 0 Total Local Taxes 53,714,445 56,572,887 56,155,800 56,155,800 Intergovernmental Revenues State Shared Taxes and Permits Local Government 1,030,757 691,712 534,200 534,200 Estate Tax 384,816 1,038,727 241,417 0 Cigarette Tax 669 635 300 300 Liquor and Beer Permits 53,584 56,740 45,000 45,000 Gasoline Tax 0 0 0 0 Library and Local Government Support Func 0 0 0 0 Property Tax Allocation 3,457 0 0 0 Total State Shared Taxes and Permits 1,473,283 1,787,814 820,917 579,500 Federal Grants or Aid 0 0 0 0 State Grants or Aid 0 18,950 0 0 Other Grants or Aid 0 0 0 Total Intergovernmental Revenues 1,473,283 1,806,764 820,917 579,500 Special Assessments 0 0 0 0 Charges for Services 1,055,396 1,264,617 790,000 790,000 Fines, Licenses, and Permits 2,716,104 2,816,234 1,733,690 1,733,690 Miscellaneous 1,207,474 1,800,408 699,500 699,500 Other Financing Sources: Proceeds from Sale of Debt 0 0 0 0 Transfers 0 0 0 0 Advances 3,711,726 230,000 520,000 520,000 Other Sources 0 0 0 0 TOTAL REVENUE IL 63,878,427 64,490,910 60,719,907 it 60,478,490 TABUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio 5/10/2013 FUND NAME: GENERAL FUND FUND TYPE /CLASSIFICATION: GOVERNMENTAL -- GENERAL This Exhibit is to be used for the General Fund Only EXHIBIT I DESCRIPTION (1) For 2011 Actual (2) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) EXPENDITURES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Security of Persons and Property Personal Services 0 0 0 0 Travel Transportation 0 0 0 0 Contractual Services 207,501 218,730 214,200 219,560 Supplies and Materials 144,260 33,604 125,000 128,120 Capital Outlay 0 0 0 0 Total Security of Persons and Property 351,760 252,334 339,200 347,680 Public Health Services Personal Services 0 0 0 0 Travel Transportation 0 0 0 0 Contractual Services 232,174 239,233 292,500 299,810 Capital Outlay 0 0 Total Public Health Services 232,174 239,233 292,500 299,810 Leisure Time Activities Personal Services 4,576,477 4,614,807 4,840,840 4,961,860 Travel Transportation 16,892 17,718 25,455 25,460 Contractual Services 983,450 1,205,610 1,481,875 1,518,920 Supplies and Materials 475,012 478,149 544,885 558,510 Capital Outlay 131,302 124,289 216,950 222,370 Total Leisure Time Activities 6,183,133 6,440,573 7,110,005 7,287,120 Community Environment Personal Services 5,468,287 5,338,653 5,576,225 5,715,630 Travel Transportation 41,119 45,314 61,630 61,630 Contractual Services 891,476 460,230 539,080 552,560 Supplies and Materials 31,586 30,593 49,000 50,230 Capital Outlay 4,439 8,099 8,850 9,070 Total Community Environment 6,436,907 5,882,888 6,234,785 6,389,120 Basic Utility Services Personal Services 626,044 611,845 667,730 684,420 Travel Transportation 2,016 760 4,050 4,050 Contractual Services 2,359,230 2,673,855 2,961,880 3,035,930 Supplies and Materials 2,861 3,190 5,150 5,280 Capital Outlay 01 3,176 1 900 920 To tal Bas Ut S 2 3,292,8 3,639,710 3,730,600 T: \BUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio 5/10/2013 FUND NAME: GENERAL FUND FUND TYPE/CLASSIFICATION: GOVERNMENTAL — GENERAL This Exhibit is to be used for the General Fund Onlv EXHIBIT 1 DESCRIPTION (1) For 2011 Actual (2) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) Transportation Personal Services 0 0 0 0 Travel Transportation 0 0 0 0 Contractual Services 0 0 0 0 Supplies and Materials 0 0 0 0 Capital Outlay 0 0 0 0 Total Transportation 0 0 0 0 General Government Personal Services 8,327,393 8,746,630 9,347,595 9,581,290 Travel Transportation 116,746 158,309 264,835 264,840 Contractual Services 5,942,918 6,328,473 6,934,065 7,107,420 Supplies and Materials 2,751,635 2,862,380 3,043,790 3,119,890 Capital Outlay 22,042 1,778,321 38,975 39,950 Total General Government 17,160,734 19,874,113 19,629,260 20,113,390 Debt Service Interest 0 0 0 0 Other Debt Service 0 0 0 0 Total Debt Service 0 0 0 0 Other Uses of Funds Transfers 14,350,000 14,775,000 15,100,000 16,100,000 Advances 2,080,000 1,210,000 967,250 427,250 Contingencies 102,428 58,378 150,000 150,000 Other Uses of Funds (Refunds /Incentives /Grants) 6,542,100 5,427,283 6,957,650 7,131,590 Total Other Uses of Funds 23,074,528 21,470,661 23,174,900 23,808,840 TOTAL EXPENDITURES 56,429,387 57,452,629 60,420,360 61,976,560 Revenues over /(under) Expenditures 7,449,040 7,038,281 299,547 (1,498,070) Beginning Cash Fund Balance 37,552,094 45,001,134 52,039,415 52,338,962 Ending Cash Fund Balance 45,001,134 52,039,415 52,338,962 50,840,892 Estimated Encumbrances (4,019,942) (2,438,205) 0 0 Estimated Ending Unencumbered Fund Balance 40,981,192 49,601,211 52,338,962 50,840,892 T:B UDGET\Tax Budgets\2014 TAX BUDGET\Taxbud20l4 City of Dublin, Ohio 5/10/2013 FUND NAME: SAFETY /POLICE OPERATING EXHIBIT 11 FUND TYPE/CLASSIFICATION: SPECIAL REVENUE To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2011 Actual (2) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXX C XXXXXXXX Local Taxes 422,326 432,906 369,050 369,050 Intergovernmental Revenue 132,240 109,342 34,800 0 Charges for Services 591,293 598,698 565,000 565,000 Miscellaneous 23,588 29,024 8,870 8,870 Other Financing Sources: Transfers 9,069,230 9,380,000 9,580,000 10,330,000 Other Sources 0 0 0 0 TOTAL REVENUE 10,238,676 10,549,970 10,557,720 11,272,920 EXPENDITURES (Identify each program and object code at the same level shown on (PROGRAM) (OBJECT) XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Security of Persons and Property Personal Services 9,812,351 9,857,587 10,562,380 10,826,440 Travel/Transportation 44,372 86,998 110,700 110,700 Contractual Services 244,398 271,768 334,970 343,340 Supplies and Materials 76,503 70,318 99,300 101,780 Capital Outlay 16,459 9,328 31,700 32,490 Other Uses(Refunds) 0 0 500 510 TOTAL EXPENDITURES 10,194,083 10,295,999 11,139,550 11,415,260 Revenues Over (Under) Expenditures 44,593 253,970 (581,830) (142,340) Beginning Cash Fund Balance Ending Cash Fund Balance Estimated Encumbrances (outstanding at end of year) Estim End Unencum F Balanc 470,801 515,394 769,365 187,535 515,394 769,365 187,535 45,196 (38,637) (60,387) 0 0 476,7 708,9 187.53 45,196 TABUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio 5/10/2013 FUND NAME: GENERAL OBLIGATION BOND RETIREMENT EXHIBIT II FUND TYPE/CLASSIFICATION: DEBT SERVICE To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2011 Actual (2) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXX X XXXXXXXX Local Taxes 0 0 0 0 Intergovernmental Revenue 142,013 141,718 141,710 141,710 Miscellaneous 15,539 9,530 6,080 6,080 Other Financing Sources: 0 0 0 0 Proceeds From Sale Of Debt 0 3,898,538 0 0 Transfers 5,561,003 5,474,361 6,315,010 5,691,730 Advances 0 0 0 TOTAL REVENUE 5,718,555 9,524,147 6,462,800 5,839,520 EXPENDITURES (Identify each program and object code at the same level shown on Exhibit 1) XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Debt Service: Redemption of Principal 4,051,942 7,794,200 4,454,100 4,505,920 Interest 1,632,750 1,534,735 2,002,400 1,327,520 Other Debt Service 17,694 78,391 156,800 18,000 Advances 0 0 0 0 TOTAL EXPENDITURES 5,702,386 9,407,326 6,613,300 5,851,440 Revenues Over (Under) Expenditures Beginning Unencumbered Fund Balance (Use Actual Cash Balance in Col. 2 and 3) Ending Cash Fund Balance Estimated Encumbrances (outstanding at end of year Estimat Ending Unen F B alance 16,169 116,821 (150,500) (11,920) 823,167 839,336 956,157 805,657 839,336 956,157 805,657 793,737 0 0 0 0 839,33 956, L 805,657 793,737 TABUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio 5/10/2013 EXHIBIT II FUND TYPE/CLASSIFICATION: CAPITAL PROJECTS To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2011 Actual (2) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXX C XXXXXXXX Local Taxes' Property Tax -- Real Estate /Personal Property 2,456,725 2,329,509 2,286,300 2,286,300 Municipal Income Tax 17,904,812 18,857,626 18,718,600 18,718,600 Intergovernmental Revenue 980,091 1,901,800 724,000 254,000 Fines, Licenses, and Permits 0 0 0 0 Miscellaneous 743,520 365,138 151,500 151,500 Other Financing Sources: Transfers 0 0 0 0 Other Sources - Advances 245,500 750,000 1,415,500 1,655,500 Proceeds from Bonds 0 0 0 0 TOTAL REVENUE 22,330,650 24,204,073 23,295,900 23,065,900 EXPENDITURES (Identify each program and object code at the same level shown on (PROGRAM) (OBJECT) XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Contractual Services 38,060 41,541 45,000 46,125 Capital Outlay 12,423,124 14,732,358 23,087,500 23,229,000 Transfers 4,633,102 2,564,498 2,599,120 2,757,372 Advances 1,599,500 5,742,500 4,050,000 3,825,000 TOTAL EXPENDITURES 18,693,786 23,080,897 29,781,620 29,857,497 Revenues Over (Under) Expenditures 3,636,864 1,123,176 (6,485,720) (6,791,597) Beginning Unencumbered Fund Balance (Use Actual Cash Balance in Col. 2 and 3) Ending Cash Fund Balance Estimated Encumbrances (outstanding at end of year) Estimated Ending Unencumbered Fund Balance J 14,460,447 18,097,311 19,220,488 12,734,768 18,097,311 19,220,488 12,734,768 5,943,171 (5,922,793) (3,986,771) 0 0 12,174,518 15,233,716 12,734,768 5,943,171 TABUDGET\Tax Budgets\2014 TAX 13UDGET\Taxbud2014 City of Dublin, Ohio 5/1012013 FUND NAME: PARKLAND ACQUISITION EXHIBIT II FUND TYPE/CLASSIFICATION: CAPITAL PROJECT- To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2011 Actual (2) For 2012 Actual (3) Current Year Estimated for 2013 (4) Budget Year Estimated for 2014 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX Local Taxes - Real Estate 614,181 605,129 589,600 589,600 Intergovernmental Revenue 140,969 285,414 51,780 51,780 Fines, Licenses, and Permits 0 0 0 0 Miscellaneous 60,283 32,897 20,250 20,250 Other Financing Sources: Transfers 0 0 0 0 Other Sources- Advances 0 0 500,000 0 Proceeds from Bonds 0 0 0 0 TOTAL REVENUE 815,433 923,441 1,161,630 661,630 EXPENDITURES (Identify each program and object code at the same level shown on (PROGRAM) (OBJECT) XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Contractual Services 17,712 17,490 11,000 11,275 Capital Outlay 669,180 2,021,971 385,000 446,300 Transfers 228,134 225,684 225,250 242,632 Advances 0 1,600,000 0 0 TOTAL EXPENDITURES 915,026 3,865,146 621,250 700,207 Revenues Over (Under) Expenditures (99,592) (2,941,705) 540,380 (38,577) Beginning Unencumbered Fund Balance (Use Actual Cash Balance in Col. 2 and 3) Ending Cash Fund Balance Estimated Encumbrances (outstanding at end of year) E st im ated End ing U n e n cu mbered Fun Bal 3,664,952 3,565,360 623,655 1,164,035 3,565,360 623,655 1,164,035 1,125,458 0 (10,500) 0 0 3,565,360 613,155 1,164,035 1,125,458 TABUDGETWax Budgets\2014 TAX BUDGET\Taxbud20l4 City of Dublin, Ohio 5/10/2013 EXHIBIT III FUND List All Funds Individually Unless Reported on Exhibit I or II Estimated Unencumbered Fund Balance 01/01/14 Budget Year Estimated Receipt Total Available For Expenditures Budget Year Expenditures and Encumbrances Personal Services Other Total Estimated Unencumbered Balance 12/31/14 GOVERNMENTAL: SPECIAL REVENUE: Street Maintenance & Repair XXXXXXXX XXX)(XXXX 333,783 XXXXXXXX XXX)00(XX 3,240,877 XXXXXXXX XXXXXXXX 3,574,660 XX000000C XXXXXXXX 2,290,730 XXXXXXXX XXXXX)00C 1,144,730 XX)0()0(0C X)00WWC 3,435,460 XXXXXXXX XXXXXXXX 139,200 State Highway Improvement 279,899 129,956 409,855 0 282,639 282,640 127,215 Cemetery 21,689 173,836 195,525 133,550 56,460 190,010 5,515 Recreation 1,003,543 6,957,122 7,960,665 4,904,620 2,934,660 7,839,2801 121,385 Swimming Pool 151,171 824,319 975,490 544,350 338,750 883,100 92,390 Permissive Tax 717,077 110,000 827,077 0 167,000 167,000 660,077 Hotel /Motel Tax 2,134,006 2,778,004 4,912,010 584,370 3,301,090 3,885,460 1,026,550 Enforcement & Education 75,466 2,314 77,780 0 0 0 77,780 Law Enforcement Trust 13,560 3001 13,860 0 10,0001 10,000 3,860 Mandatory Drug Fine 2,520 20 2,540 0 0 0 2,540 Mayor's Court Computer 36,371 6,509 42,8801 0 22,920 22,920 19,960 Accrued Leave Reserves 1,341,528 0 1,341,528 160,000 0 160,000 1,181,528 Wireless 9-1 -1 System 188,260 120,000 308,260 80,000 80,000 228,260 TOTAL SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS 6,298,873 XXXXXXXX 14,343,257 XXXXXXXX 20,642,130 XXXXXXXX 8,617,619 XXXXXXXX 8,338,248 XXXXXXXX 16,955,869 XXXXXXXX 3,686,260 XXXXXXXX Special Assessment Bond Retirement 0 0 0 0 0 0 1994 Special Assessment Bond Retirement 57,128 100,002 157,130 0 106,400 106,400 50,730 2001 Special Assessment Bond Retirement 196,623 140,002 336,625 0 129,540 129,540 207,085 TOTAL DEBT SERVICE FUNDS CAPITAL PROJECT FUNDS 253,751 XXXX00(XC 240,004 XXXXXXXX 493,755 XXXX)000C 0 XXXXXXXX 235,940 XX)OOWOC 235,940 XX)WWOC 257,815 X OO(XXX C Note: Various construction funds not included. TOTAL CAPITAL PROJECTS 0 0 0 0 0 0 0 T:\BUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio Sd10 /2013 EXHIBIT III FUND List All Funds Individually Unless Reported on Exhibit I or II Estimated Unencumberec Fund Balance 01/01/14 Budget Year Estimated Receipt Total Available I For Expenditures 1 Budget Year Expenditures and Encumbrances Personal Services Other Total Estimated Unencumbered Balance 12/31/14 PROPRIETARY: ENTERPRISE FUNDS Water XXXXXXXX XXXXXXY -X XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX J(XXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX 10,958,540 1,310,410 12,268,950 167,930 1,269,615 1,437,545 10,831,404 Sewer 5,391,567 2,015,663 7,407,230 872,240 2,788,350 3,660,590 3,746,640 Merchandising 30,935 1,395 32,330 0 8,000 8,000 24,330 TOTAL ENTERPRISE FUNDS 16,381,042 3,327,468 19,708,510 1,040,171 4,065,965 5,106,136 14,602,375 INTERNAL SERVICE FUNDS XXXXXXXX MXXX O X XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXX Employee Benefits Self- Insurance 1,669,139 5,187,471 6,856,610 51,450 5,552,350 5,603,800 1,252,811 Workers Compensation Self- Insurance 658,096 262,454 920,550 0 351,890 351,890 568,661 TOTAL INTERNAL SERVICE FUNDS 2,327,235 5,449,925 7,777,160 51,450 5,904,240 5,955,690 1,821,471 TRUST AND AGENCY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Drug Enforcement 0 0 0 0 0 0 0 Cemetery Perpetual Care 1,045,510 11,450 1,056,960 0 0 0 1,056,960 Dublin Convention & Visitors Bureau 43,169 500,001 543,170 0 500,000 500,000 43,170 Agency(Deposits) 397,851 353,500 751,351 0 629 629,350 122,001 TOTAL TRUST AND AGENCY FUNDS 1,486,530 864,951 2,351,481 0 1,129,350 1,129,350 1,222,131 TOTAL FOR MEMORANDUM ONLY 26,747,431 24,225,605 50,973,036 9,709,240 19,673,742 29,382,984 21,590,053 TABUDGETWax Budgets\2014 TAX BUDGET1Taxbud2014 City of Dublin, Ohio 6111/2013 STATEMENT OF PERMANENT IMPROVEMENTS (Do Not Include Expense to be Paid from Bond Issue) (Section 5705.29. Revised Code) DESCRIPTION Leisure Time Activities (Muirfield Drive Bike Lane) Various park improvements Estimated Cost Amount to be of Permanent Budgeted During Name of P Improvement Current Year (2014 Projects) 1,510,000 1,460,000 Capital Improve 8,474,000 970,000 Capital Improve Pa Fund EXHIBIT IV ments Tax Fund ments Tax Fund Annual street maintenance 3,675,000 3,675,000 Capital Improvements Tax Fund Various roadway improvements 15,535,875 10,044,000 Capital Improvements Tax Fund General Government Various City equipment 2 2,880,000 JlCapital Improvements Tax Fund Other capital improvements 10,560,000 4,200,000 JlCapital Improvements Tax Fund Note. Does not include GO debt, TIF, federal or state funded projects or permissive tax funded projects. TOTAL II 42,634,875 II 23,229,000 II T: \BUDGET\Tax Budgets\2014 TAX BUDGET\Taxbud2014 City of Dublin, Ohio 5/10/2013