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Home My WebLink AboutOrdinance 042-14RECORD OF ORDINANCES Dayton Legal Blank, Inc. AN ORDINANCE ADOPTING THE PROPOSED TAX BUDGET FOR FISCAL YEAR 2015 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, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, of the elected members concurring that: Section 1 . The proposed 2015 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 day of , 2014 J ayor — Presiding Officer ATTEST: Ordinance No. 42 -14 Form No. 300 Passed .20 Clerk of Council r c * ityof 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 15, 2014 Initiated By: Angel L. Mumma, Director of Finance Bryan K. Thurman, Deputy Director of Finance Melody Kennedy, Budget Manager Memo Re: Ordinance No. 42 -14, Adopting the Proposed Tax Budget for Fiscal Year 2015 Summary Ordinance No. 42 -14 authorizes the adoption of the proposed tax budget for fiscal year 2015 in compliance with the Ohio Revised Code (ORC) section 5705.28. The tax budget includes actual revenue and expenditures for the two preceding years (2012 and 2013) and estimates of revenue and expenditures for the current and upcoming year (2014 and 2015). 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 ten -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 2014 — 2018 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 Prior to 2000 1.17 .50 .08 1.75 2001- 2006 1.75 Fun General Fund Safety Fund General Obligation Debt Service Fund Parkland Acquisition Fund 2007 -2009 .95 Parkland Acquisition Fund .80 Capital Improvements Tax Fund 1.75 2010-2014 .35 Parkland Acquisition Fund 1.40 Capital Improvements Tax Fund 1.75 Re: Ordinance 42 -14 - Adopting the Proposed Tax Budget for Fiscal Year 2015 May 15, 2014 Page 2 of 2 The City has the option to reallocate 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 passed 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 current effective rates for outside residential agriculture and commercial millage is .203894 and .320804, respectively. On April 24, 2014, the first quarter 2014 financial update was provided to City Council. As reported, income tax revenues through the first quarter of 2014 had increased 13.8% over the first quarter of 2013. At the time of approval of the 2014 Operating Budget, the projected income tax for 2014 had been reduced by 2.5% from 2013. This conservative estimate took into account the loss of Verizon. The shift of these jobs from Dublin to Hilliard is expected to continue through the end of 2014, when the Company's current lease expires. However, given the City's favorable income tax revenue to date, the tax budget reflects an increase of 3.5% in income tax collections in 2014 and a 2.0% increase in 2015. The General Fund balance is a critical factor in the City's financial stability 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 revenue and expenditures, the 2015 tax budget reflects an estimated 2014 year -end General Fund balance of $57,108,579 and $58,014,229 for 2015 which, as a percentage of General Fund expenditures and operating transfers, equals 91.7% and 91.2 %, respectively. This budgeting method is consistent with the City's practice of conservatively estimating revenues and expenditures. While the proposed tax budget for FY 2015 reflects a precursory review of revenue and expenditures for the upcoming year, staff continues to monitor revenue and expenditures, provide updated reports, and make current and future revenue and expenditure adjustments as necessary. Recommendation Staff recommends passage of Ordinance 42 -14 at the second reading /public hearing on June 9, 2014. SCHEDULE A SUMMARY OF AMOUNTS REQUIRED FROM GENERAL PROPERTY TAX APPROVED BY BUDGET COMMISSION, AND COUNTY AUDITOR'S ESTIMATED RATES For Municipal Use For Budget Commission Use For County Auditor Use FUND (Include only those funds which are requesting general property 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 366,050 G. O. DEBT SERVICE FUND 0 PARKLAND ACQUISITION 588,800 CAPITAL IMPROVEMENTS TAX FUND 2,257,700 PROPRIETARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX C XXXXXXXX FIDUCIARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX TOTAL ALL FUN DS 3,21 2,550 City of Dublin, Ohio 5114/2014 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 (Carry 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 / / 1 11 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 / / 1 11 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 City of Dublin, Ohio 5/14/2014 FUND NAME: GENERAL FUND EXHIBIT I FUND TYPE /CLASSIFICATION: GOVERNMENTAL —GENERAL This Exhibit is to be used for the General Fund Only DESCRIPTION (1) For 2012 Actual (3) For 2013 Actual (3) Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (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 56,572,8871 61,579,029 1 59,363,720 60,550,995 Other Local Taxes 0 0 0 0 Total Local Taxes 56,572,887 61,579,029 59,363,720 60,550,995 Intergovernmental Revenues State Shared Taxes and Permits Local Government 691,712 545 457,682 500,000 Estate Tax 1,038,727 496,629 45,728 0 Cigarette Tax 635 675 300 300 Liquor and Beer Permits 56,740 59,360 45,000 45,000 Gasoline Tax 0 0 1 0 0 Library and Local Government Support Fun 0 0 0 0 Property Tax Allocation 0 0 0 0 Total State Shared Taxes and Permits 1,787,814 1,102,208 548,710 545,300 Federal Grants or Aid 0 225,399 0 0 State Grants or Aid 18,950 0 0 0 Other Grants or Aid 0 0 0 0 Total Intergovernmental Revenues 1,806,764 1,327,607 548,710 545,300 Special Assessments 0 01 0 0 Charges for Services 1,264,617 1,205,176 961,450 961,450 Fines, Licenses, and Permits 2,816,234 3,261,851 1,861,300 1,861,300 Miscellaneous 1,800,408 1,102,550 563,000 563,000 Other Financing Sources: Proceeds from Sale of Debt 0 0 0 0 Transfers 0 0 0 0 Advances 230,000 3,350,000 30,000 30,000 Other Sources 0 0 0 0 TOTAL REVENUE 64,49 0,910 71, 826,21 3 63,328,1 64,512,045 City of Dublin, Ohio 5/14/2014 FUND NAME: GENERAL FUND FUND TYPE/CLASSIFICATION: GOVERNMENTAL - GENERAL EXHIBIT I DESCRIPTION (1) 11110 "AIWA IO W For 2012 Actual (2) U6 U*"-U IUI UIC For 2013 Actual (3) %=11=101 rUIIU Vllly Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (5) EXPENDITURES XXXX)U xx XXXX)U xx XXX)UU xx XXX)UWUC Security of Persons and Property Personal Services 0 0 0 0 Travel Transportation 0 0 0 0 Contractual Services 218,730 169,475 218,500 223,965 Supplies and Materials 33,604 88,646 125,000 128,125 Capital Outlay 0 0 0 0 Total Security of Persons and Property 252,334 258,122 343,500 352,090 Public Health Services Personal Services 0 0 0 0 Travel Transportation 0 0 0 0 Contractual Services 239,233 279,087 299,700 307,195 Capital Outlay 0 0 Total Public Health Services 239,233 279,087 299,700 307,195 Leisure Time Activities Personal Services 4,614,807 4,625,846 4,952,005 5,075,805 Travel Transportation 17,718 22,494 31,525 31,525 Contractual Services 1,205,610 1,423,825 1,598,905 1,638,880 Supplies and Materials 478,149 485,695 554,535 568,400 Capital Outlay 124,289 114,585 321,470 329,505 Total Leisure Time Activities 6,440,573 6,672,445 7,458,440 7,644,115 Community Environment Personal Services 5,338,653 5,168,363 5,626,185 5,766,840 Travel Transportation 45,314 52,706 61,550 61,550 Contractual Services 460,230 751,407 540,170 553,675 Supplies and Materials 30,593 29,299 49,000 50,225 Capital Outlay 8,099 6,325 2,000 2,050 Total Community Environment 5,882,888 6,008,101 6,278,905 6,434,340 Basic Utility Services Personal Services 611,845 618,804 671,315 688,100 Travel Transportation 760 334 5,500 5,500 Contractual Services 2,673,855 2,950,714 2,960,730 3,034,750 Supplies and Materials 3,190 3,549 6,850 7,020 Capital Outlay 3,176 0 3,485 3,570 Total Basic Utility Services 3,292,82 3,573,401 3,647 3,738,940 City of Dublin, Ohio 5/14/2014 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 2012 Actual (2) For 2013 Actual (3) Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (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 8,746,630 8,852,489 9,709,060 9,951,785 Travel Transportation 158,309 198,539 285,650 285,650 Contractual Services 6,328,473 6,242,682 7,589,010 7,778,735 Supplies and Materials 2,862,380 2,747,017 3,080,535 3,157,550 Capital Outlay 1,778,321 60,273 62,500 64,065 Total General Government 19,874,113 18,101,000 20,726,755 21,237,785 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 14,775,000 14,710,000 15,850,000 16,452,500 Advances 1,210,000 11,372,250 625,000 239,250 Contingencies 58,378 60,496 150,000 150,000 Other Uses of Funds(Refunds /Incentives /Grants) 5,427,283 6,791,923 6,878,225 7,050,180 Total Other Uses of Funds 21,470,661 32,934,669 23,503,225 23,891,930 TOTAL EXPENDITURES 57,452,629 67,826,824 62,258,405 63,606,395 Revenues over /(under) Expenditures 7,038,281 3,999,389 1,069,775 905,651 Beginning Cash Fund Balance 45,001,134 52,039,415 56,038,804 57,108,579 Ending Cash Fund Balance 52,039,415 56,038,804 57,108,579 58,014,229 Estimated Encumbrances (2,438,205)1 0 0 Estim E nding Un encumbered F Bal ance 49,6 53,33 57,108 58,014,229 City of Dublin, Ohio 5/14/2014 FUND NAME: SAFETY /POLICE OPERATING FUND TYPE/CLASSIFICATION: SPECIAL REVENUE EXHIBIT II To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2012 Actual (2) For 2013 Actual (3) Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX Local Taxes 432,906 429,268 366,050 366,050 Intergovernmental Revenue 109,342 110,982 34,800 34,800 Charges for Services 598,698 703,939 1,557,960 1,557,960 Miscellaneous 29,024 19,424 8,870 8,870 Other Financing Sources: Transfers 9,380,000 9,580,000 10,080,000 10,080,000 Other Sources 0 0 0 0 TOTAL REVENU 1 10,549,970 11 10,843,61311 12,047,68011 12,047,680 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 9,857,587 10,191,699 11,371,405 11,655,690 Travel/Transportation 86,998 59,668 131,750 131,750 Contractual Services 271,768 274,832 355,870 364,765 Supplies and Materials 70,318 68,258 105,450 108,085 Capital Outlay 9,328 8,683 58,300 59,760 Other Uses(Refunds) 0 0 500 515 TOTAL EXPENDITURES 10,295,999 10,603,141 12,023,275 12,320,565 Revenues Over (Under) Expenditures 253,970 240,473 24,405 (272,885) Beginning Cash Fund Balance Ending Cash Fund Balance Estimated Encumbrances (outstanding at end of year) Estimated Ending Unencumbered Fund Balance 515,394 769,364 1,009,837 1,034,242 769,364 1,009,837 1,034,242 761,357 (60,387) (123,160) 0 0 708,977 886,677 1, 034, 2 42 761,357 City of Dublin, Ohio 5/14/2014 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 2012 Actual (2) For 2013 Actual (3) Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX Local Taxes 0 0 0 0 Intergovernmental Revenue 141,718 130,453 0 0 Miscellaneous 9,530 7,600 6,960 6,960 Other Financing Sources: 0 0 0 0 Proceeds From Sale Of Debt 3,898,538 137,433 8,699,810 150,000 Transfers 5,474,361 5,501,821 7,275,373 7,431,708 Advances 0 0 0 TOTAL REVENUE 9,524,147 5,777,306 15,982,143 7,588,668 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 7,794,200 4,194,081 13,995,917 5,860,341 Interest 1,534,735 1,429,168 1,771, 995 1,571,367 Other Debt Service 78,391 106,631 207,271 150,000 Advances 0 0 0 0 TOTAL EXPENDITURES 9,407,326 5,729,880 15,975,183 7,581,708 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) Estimated Ending Unencumbered Fund Balance 116,821 47,427 6,960 6,960 839,336 956,157 1,003,583 1,010,543 956,157 1,003,583 1,010,543 1,017,503 0 1 0 0 1 0 956,157 1,003,583 1,010,543 1 1, 0 1 7,503 City of Dublin, Ohio 5/14/2014 EXHIBIT II FUND TYPE/CLASSIFICATION: CAPITAL PROJECTS To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2012 Actual (2) For 2013 Actual (3) Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX Local Taxes* Property Tax – Real Estate /Personal Property 2,329,509 2,396,556 2,257,700 2,257,700 Municipal Income Tax 18,857,626 20,526,340 19,787,905 20,183,665 Intergovernmental Revenue 1,901,800 301,894 724,000 724,000 Fines, Licenses, and Permits 0 0 0 0 Miscellaneous 365,138 174,079 177,700 177,700 Other Financing Sources: Transfers 0 0 0 0 Other Sources - Advances 750,000 1,883,000 1,500,000 473,500 Proceeds from Bonds 0 0 0 0 TOTAL REVENUE 24,204,073 25,281,868 24,447,305 23,816,565 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 41,541 38,243 45,000 46,125 Capital Outlay 14,732,358 16,583,439 19,505,000 23,229,000 Transfers 2,564,498 2,599,111 3,157,372 3,122,231 Advances 5,742,500 1,975,000 5,145,000 0 TOTAL EXPENDITURES 23,080,897 21,195,793 27,852,372 26,397,356 Revenues Over (Under) Expenditures 1,123,176 4,086,075 (3,405,067) (2,580,791) 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 18,097,311 19,220,488 23,306,564 19,901,498 19,220,488 23,306,564 19,901,498 17,320,707 (3,986,771) (7,902,973) 0 0 15,233,717 15,403,592 19,901,498 17,320,707 City of Dublin, Ohio 5/14/2014 FUND NAME: PARKLAND ACQUISITION EXHIBIT II FUND TYPE /CLASSIFICATION: CAPITAL PROJECTS To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2012 Actual (2) For 2013 Actual (3) Current Year Estimated for 2014 (4) Budget Year Estimated for 2015 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX Local Taxes - Real Estate 605,129 599,139 588,800 588,800 Intergovernmental Revenue 285,414 275,996 62,280 62,280 Fines, Licenses, and Permits 0 1,500 0 0 Miscellaneous 32,897 5,740 5,180 5,180 Other Financing Sources: Transfers 0 0 0 0 Other Sources - Advances 0 0 0 0 Proceeds from Bonds 0 0 0 0 TOTAL REVENUE 1 923,441 882,3751 656,2601 656,260 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 17,490 20,176 22,400 22,960 Capital Outlay 2,021,971 1 385,000 385,000 Transfers 225,684 225,243 242,650 233,445 Advances 1,600,000 0 0 0 TOTAL EXPENDITURES 3,865,146 1,400,643 650,050 641,405 Revenues Over (Under) Expenditures (2,941,705) (518,268) 6,210 14,855 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 3,565,360 623,655 105,388 111,598 623,655 105,388 111,598 126,453 (10,500) 0 0 0 613,155 1 1 111,5 126,453 City of Dublin, Ohio 5/14/2014 EXHIBIT III FUND List All Funds Individually Unless Reported on Exhibit I or II Estimated Unencumbered Fund Balance 01/01/15 Budget Year Estimated Receipt Total Available For Expenditures Budget Year Expenditures and Encumbrances Personal Services Other Total Estimated Unencumbered Balance 12/31/1° GOVERNMENTAL: SPECIAL REVENUE: Street Maintenance & Repair XXXXXXXX XXXXXXXX 241,360 XXXXXXXX XXXXXXXX 3,509,920 XXXXXXXX XXXXXXXX 3,751,280 XXXXXXXX XXXXXXXX 2,536,840 XXXXXXXX XXXXXXXX 1,190,535 XXXXXXXX XXXXXXXX 3,727,375 XXXXXXXX XXXXXXXX 23,905 State Highway Improvement 116,095 438,700 554,795 0 275,750 275,750 279,045 Cemetery 25,300 180,285 205,585 130,815 51,580 182,395 23,190 Recreation 1,035,190 6,987,785 8,022,975 4,834,790 2,961,735 7,796,525 226,450 Swimming Pool 169,805 820,220 990,025 593,965 323,060 917,025 73,000 Permissive Tax 650,025 95,175 745,200 0 545,000 545,000 200,200 Hotel /Motel Tax 2,019,185 2,892,000 4,911,185 655,255 3,053,885 3,709,140 1,202,045 Enforcement & Education 77,775 2,310 80,085 0 0 0 80,085 Law Enforcement Trust 325 300 625 0 300 300 325 Mandatory Drug Fine 2,515 0 2,515 0 0 0 2,515 Mayor's Court Computer 2,505 5,200 7,705 0 5,200 5,200 2,505 Accrued Leave Reserves 1,181,530 0 1,181,530 160,000 0 160,000 1,021,530 Wireless 9 -1 -1 System 348,260 100,000 448,260 0 80,000 80,000 368,260 TOTAL SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS 5,869,870 XXXXXXXX 15,031,897 XXXXXXXX 20,901,767 XXXXXXXX 8,911,664 XXXXXXXX 8,487,044 XXXXXXXX 17,398,708 XXXXXXXX 3,503,057 XXXXXXXX Special Assessment Bond Retirement 0 0 0 0 0 0 1994 Special Assessment Bond Retirement 46,920 102,500 149,420 0 0 0 149,420 2001 Special Assessment Bond Retirement 209,720 143,500 353,220 0 0 0 353,220 TOTAL DEBT SERVICE FUNDS 256,640 246,00511 502,640 1 0 L 0 1 1 0 502,640 CAPITAL PROJECT FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Note: Various construction funds not included. TOTAL CAPITAL PROJECTS 0 0 1 0 0 0 0 0 City of Dublin, Ohio 5/14/2014 EXHIBIT III FUND List All Funds Individually Unless Reported on Exhibit I or II Estimated Unencumberec Fund Balance 01/01/15 Budget Year Estimated Receipt Total Available For Expenditures Budget Year Expenditures and Encumbrances Personal Services Other Total Estimated Unencumbered Balance 12/31/15 PROPRIETARY: ENTERPRISE FUNDS Water XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX 11,226,035 2,077,521 13,303,556 169,645 3,268,370 3,438,015 9,865,541 Sewer 4,561,230 2,291,100 6,852,330 894,590 277,210 1,171,800 5,680,530 Merchandising 34,315 3,450 37,765 0 8,000 8,000 29,765 TOTAL ENTERPRISE FUNDS 15,821,580 4,372,071 20,193,651 1,064,236 3,553,580 4,617,816 15,575,836 INTERNAL SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXX Employee Benefits Self- Insurance 1,575,585 4,447,930 6,023,515 106,155 4,743,395 4,849,550 1,173,965 Workers Compensation Self-insurance 490,635 156,050 646,685 0 331,100 331,100 315,585 TOTAL INTERNAL SERVICE FUNDS 2,066,220 4,603,980 L 6,670,200 1 L 106,155 5,074,495 5,180,650 1,489,550 TRUST AND AGENCY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Drug Enforcement 0 0 0 0 0 0 0 Cemetery Perpetual Care 1,144,190 30,290 1,174,480 0 0 0 1,174,480 Dublin Convention & Visitors Bureau 43,170 642,100 685,270 0 640,000 640,000 45,270 Agency(Deposits) 504,170 335,690 839,860 0 629,350 629,350 210,510 TOTAL TRUST AND AGENCY FUND 1,691,530 1,008,080 L 2,699,610 0 1 1,269,350 1 1,269,350 1,430,260 TOTAL FOR MEMORANDUM ONLY 25,705,840 25,262,026 50,967,866 1 0,082,055 18,384,470 28,466,525 22,501,346 City of Dublin, Ohio 5/14/2014 STATEMENT OF PERMANENT IMPROVEMENTS EXHIBIT IV (Do Not Include Expense to be Paid from Bond Issue) (Section 5705.29. Estimated Cost DESCRIPTION of Permanent Improvement Revised Code) Amount to be Budgeted During Name of Paying Fund Current Year Total Project Cost May Include Other Funding Sources 2015 Projects Leisure Time Activities (Bikeway Projects) 1,255,000 1,255,000 Capital Improvements Tax Fund Various park improvements 22,035,000 2,945,000 Capital Improvements Tax Fund and Parkland Acquisition Fund Transportation Annual street maintenance 3,615,000 3,615,000 Capital Improvements Tax Fund Various roadway improvements 45,222,000 2,511,000 Capital Improvements Tax Fund General Government Various City equipment 2,725,000 2,725,000 Capital Improvements Tax Fund Other capital improvements 24,946,000 6,660,000 Capital Improvements Tax Fund Note: List does not Include GO debt, TIF, federal or state funded projects or permissive tax funded TOTAL 99, 798, 0 L_19,711,000 City of Dublin, Ohio 5, 1412014