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34-07 OrdinanceRECORD OF ORDINANCES Blank, Inc. Ordinance No. 34 -07 Passed 1 20 AN ORDINANCE ADOPTING THE PROPOSED TAX BUDGET FOR FISCAL YEAR 2008 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, the tax budget is required to be filed with the County Auditor(s), as secretary to the budget commission(s), on or before July 20. NOW, THERE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, of the elected members concurring that: Section 1 . The proposed 2008 tax budget attached hereto as Exhibit "A' be and hereby is approved. Section 2 . This ordinance shall be effective upon the earliest date permitted by law. Passed this of 2007 Mayor — Presiding Officer ATTEST: a.'2946,4- (2-, C,&zti Clerk of Council I hereby certify that copies of this Ordinance/Resolution were posted in the City of Dublin in accordance with Section 731.25 of the Ohio Revised Code. Depyq Clerk of Council, Dublin, Ohio CITY OF DUBLIN City Manager 5200 Emerald Parkway • Dublin, OH 43017 Phone: 614- 410 -4400 • Fax: 614 - 410 -4490 To: Members of Dublin City Council From: Jane S. Brautigam, City Manager� Date: May 31, 2007 g Initiated By: Marsha I. Grigsby, Director of Finance Michele M. Hoyle, Director of Fiscal Administration Memo Re: Ordinance No. 34 -07, Adopting the Proposed Tax Budget for Fiscal Year 2008 Summary Ordinance No. 34 -07 authorizes the adoption of the proposed tax budget for Fiscal Year 2008. The tax budget represents the earliest step in the formulation of the annual budget. As stated in the Ordinance, the Ohio Revised Code requires filing of the tax budget. Once 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. Dublin's eligibility to receive local government funding from Delaware and Franklin Counties is contingent upon filing of a tax budget with the respective County Budget Commissions. While the state legislature frequently proposes reductions to this source of funds, local government funding nonetheless represents an important revenue source for the General Fund. The Franklin County Budget Commission also reviews property tax levy assessments outside the ten -mill limitation to verify the appropriate millage for those obligations. The tax budget reflects conservative estimates of revenues and expenditures, including 3.5 percent growth in income tax revenues, no increase in local government funding, and minimal or no growth in most other revenue sources. Expenditure projections reflect an increase of six percent over 2007 budget levels for most operating categories. Prior to 2007, 100 percent of the property tax revenue generated by the City's inside millage was allocated to the Parkland Acquisition Fund. The 2008 Tax Budget continues the allocation of a portion of the inside millage (.8 mills) to the Capital Improvements Tax Fund for the improvement of the US 33 /State Route 16l/Post Road interchange. Recommendation Staff recommends passage of Ordinance 34 -07 (Adopting the Proposed Tax Budget for Fiscal Year 2008) at the June 18 City Council meeting. Attachments Revised County Auditor's Form No. Aud 622 Rev. 4 -88 Prepare in triplicate On or before July 20th two copies of this Budget must be submitted to County Auditor Dayton Legal Blank, Inc. Form No. 310060 Form Prescribed by the Auditor of State TAX BUDGET City of Dublin Franklin County, Ohio (Date) June 21 , 2007 This Budget must be adopted by the Council or other legislative body on or before July 15th, and two copies must be submitted to the County Auditor on or before July 20th. FAILURE TO COMPLY WITH SEC.5705.28 R.C. SHALL RESULT IN LOSS OF LOCAL GOVERNENT FUND ALLOCATION. To the Auditor of said County: The following Budget year beginning January 1, 20 has been adopted by Council and is herewith submitted for consideration of the County Budget Commission. Signed Name Marsha I. Grigsby Title Director of Finance \\ CUMULUS \VOL1 \DATA \FINANCE \FORMS \Tax Budget Cover.doc 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 GENERAL FUND 0 POLICE /SAFETY OPERATING FUND 483,465 G. O. DEBT SERVICE FUND 0 PARKLAND ACQUISITION 1,496,350 CAPITAL IMPROVEMENTS TAX FUND 1,303,050 PROPRIETARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXX FIDUCIARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX TOTAL ALL FUND 3,282,865 Taxbud08 5/31/2007 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 I I , 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 / / not exceed years. Authorized under Section. R.C. Current Expense Levy authorized by voters on / / 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 I I 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 I I 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 I I 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. Taxbud08 5/31/2007 FUND NAME: GENERAL FUND FUND TYPE /CLASSIFICATION: GOVERNMENTAL -- GENERAL T his Exhibit is to be used for the General Fund Only EXHIBIT I DESCRIPTION (1) For 2005 Actual ( JL For 2006 Actual ( Current Year Estimated for 2007 ( Budget Year Estimated for 2008 ( 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 43,490,912 48,163,200 46,363,500 47,986,000 Other Local Taxes Total Local Taxes 43,490,912 48,163,200 46,363,500 47,986,000 Intergovernmental Revenues State Shared Taxes and Permits Local Government 1,292,922 1,341 1,329,475 1,329 Estate Tax 725,615 183,248 25,000 25,000 Cigarette Tax 620 433 500 500 Liquor and Beer Permits 46,092 49,671 35,000 35,000 Gasoline Tax 0 0 0 0 Library and Local Government Support Func 0 0 0 0 Property Tax Allocation 8,644 8,644 6,880 6,880 Total State Shared Taxes and Permits 2,073,893 1,583,911 1,396,855 1,396,855 Federal Grants or Aid 7,548 32,503 0 0 State Grants or Aid 2,910 250,000 0 0 Other Grants or Aid 0 0 0 0 Total Intergovernmental Revenues 2,084,351 1,866,414 1,396,855 1,396,855 Special Assessments 0 0 0 0 Charges for Services 681,101 401,989 476,500 476,500 Fines, Licenses, and Permits 3,464,505 2,858,547 2,129,480 2,118,660 Miscellaneous 839,829 1,321,248 777,000 776,000 Other Financing Sources: Proceeds from Sale of Debt 0 0 0 0 Transfers 0 371,468 0 0 Advances 1,758,000 2,425 6,231,000 500,000 Other Sources 0 0 0 0 TOTAL REVENUE 52,318,698 57,407,866 57,374,335 53,254,015 Taxbud08 5/31/2007 FUND NAME: GENERAL FUND FUND TYPE /CLASSIFICATION: GOVERNMENTAL -- GENERAL This Exhibit is to be used for t General Fund Only EXHIBIT I DESCRIPTION (1) For 2005 Actual (3) For 2006 Actual (3) Current Year Estimated for 2007 (4) IL Budget Year Estimated for 2008 (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 161,732 173,608 174,000 184,440 Supplies and Materials 57,151 89,951 135,000 143,100 Capital Outlay 686 364 5,000 5,300 Total Security of Persons and Property 219 263,923 314,000 332,840 Public Health Services Personal Services 0 0 0 0 Travel Transportation 0 0 0 0 Contractual Services 153 186,446 199,604 211,580 Capital Outlay 0 0 0 0 Total Public Health Services 153,496 186,446 199,604 211,580 Leisure Time Activities Personal Services 3,406,090 3,438,815 3,893,900 4,127,534 Travel Transportation 27,480 31,677 42,500 45,050 Contractual Services 854,950 901,941 1,164,150 1,233,999 Supplies and Materials 380,125 452,438 551,475 584,564 Capital Outlay 259,971 244,372 293,150 310,739 Total Leisure Time Activities 4,928,616 5,069,243 5,945,175 6,301,886 Community Environment Personal Services 4,994,637 5,021,588 5,736,975 6,081,194 Travel Transportation 66,823 55,699 76,000 80,560 Contractual Services 1,246,187 799,411 1,049,825 1,112,815 Supplies and Materials 53,897 47,963 66,500 70,490 Capital Outlay 17,198 21,702 23,500 24,910 Total Community Environment 6,378,742 5,946,363 6,952,800 7,369,968 Basic Utility Services Personal Services 427,820 360,729 772,900 819,274 Travel Transportation 254 130 2,000 2,120 Contractual Services 23,944 11,323 21,750 23,055 Supplies and Materials 1,710,789 1,780,762 1,914,300 2,029,158 Capital Outlay 0 0 1,500 1,590 Total Basic Utility Services 2,162,807 2,152,944 2,712,450 2,875,197 Taxbud08 5/31/2007 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 2005 Actual (2) For 2006 Actual (3) Current Year Estimated for 2007 (4) Budget Year Estimated for 2008 (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 7,378,406 7,482,209 8,304,275 8,802,532 Travel Transportation 178,228 207,112 256,650 272,049 Contractual Services 4,818,506 5,026,719 5,979,800 6,338,588 Supplies and Materials 1,628,309 1,847,862 2,069,575 2,193,750 Capital Outlay 244,217 180,964 77,825 82,495 Total General Government 14,247,666 14,744,866 16,688,125 17,689,413 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 18,312,500 14,450,000 22,800,000 19,090,000 Advances 6,638,000 5,706,000 0 0 Contingencies 55,028 139,640 150,000 150,000 Other Uses of Funds (Refunds /Incentives /Grants) 3,202,419 4,302,293 5,266,100 5,698,231 Total Other Uses of Funds 28,207,947 24,597,933 28,216,100 24,938,231 TOTAL EXPENDITURES 56,298,843 52,961,718 61,028,254 59,719,114 Revenues over /(under) Expenditures (3,980,145) 4,446,148 (3,653,919) (6,465,100) Beginning Cash Fund Balance 26,260,651 22,289,489 26,735,637 23,081,718 Ending Cash Fund Balance 22,289,489 26,735,637 23,081,718 16,616,618 Estimated Encumbrances (1,833,868) (1,342,753) 0 0 Estimated Ending Unencumbered Fund Balance 20,455,621 25,392,884 23,081,718 16,616,618 Taxbud08 5/31/2007 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 2005 Actual (2) For 2006 Actual L (3) Current Year Estimated for 2007 (4) Budget Year Estimated for 2008 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXX Local Taxes 533,366 499,701 500,465 483,465 Intergovernmental Revenue 137,369 150,558 47,700 47,400 Charges for Services 588,556 502,553 405,851 405,851 Miscellaneous 21,570 35,168 18,500 18,500 Other Financing Sources: Transfers 7,800,000 7,700,000 8,600,000 9,600,000 Other Sources 0 0 0 0 TOTAL REVENUE 9,080,861 8,887,980 9,572,516 10, 555,216 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 8,189,651 8,275,433 9,391,400 9,954,884 Travel /Transportation 111,610 127,040 139,800 148,188 Contractual Services 283,739 293,092 406,875 431,288 Supplies and Materials 104,565 97,231 125,000 132,500 Capital Outlay 64,028 28,957 19,550 20,723 Other Uses(Refunds) 22 0 500 530 TOTAL EXPENDITURES 8,753,615 8,821,753 1 0,083,125 10,688,113 Revenues Over (Under) Expenditures 327,246 66,227 (510,609) (132,897) Beginning Cash Fund Balance Ending Cash Fund Balance Estimated Encumbrances (outstanding at end of year) Estimated Ending Unencumbered Fund Balance 274,466 601,712 667,939 157,330 601,712 667,939 157,330 24,434 (74,852) (71,464) 0 0 526,860 596,475 157,330 24,434 Taxbud08 5/31/2007 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 2005 Actual (2) For 2006 Actual (3) Current Year Estimated for 2007 L (4) Budget Year Estimated for 2008 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX Local Taxes 14,891 0 0 0 Intergovernmental Revenue 2,366 626 1,225 1,225 Miscellaneous 23,945 44,598 16,200 16,200 Other Financing Sources: 0 0 0 0 Proceeds From Sale Of Debt 0 0 0 0 Transfers 7,639,884 7,689,492 7,583,184 10,121,965 Advances 0 8,285 0 TOTAL REVENUE 7,681,086 1 7,743,001 7,600,609 10,139,390 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 4,876,993 5,122,384 5,107,393 5,828,544 Interest 2,855,197 2,658,398 2,458,421 4,299,720 Other Debt Service 23,991 22,460 20,200 20,200 Advances 0 0 0 TOTAL EXPENDITURES 7,756,181 7,803,242 7,586,014 10,148,464 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 1 (75,095) (60,241) 14,595 (9,074) 790,256 715,161 654,920 669,515 715,161 654,920 669,515 660,441 0 0 0 0 715,161 1 654,920 669,515 660,441 Taxbud08 5/31/2007 FUND NAME: CAPITAL IMPROVEMENTS TAX FUND EXHIBIT II FUND TYPE /CLASSIFICATION: CAPITAL PROJECTS To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 2005 Actual (2) For 2006 Actual (3) Current Year Estimated for 2007 (4) Budget Year Estimated for 2008 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXX Local Taxes* 14,496,968 16,054,398 16,757,545 17,298,452 Intergovernmental Revenue 166,100 166,100 Fines, Licenses, and Permits 0 0 0 Miscellaneous 1,551,582 1,086,342 235,000 235,000 Other Financing Sources: Transfers 6,321,580 80,000 7,580,000 2,500,000 Other Sources - Advances 30,571 140,000 0 Proceeds from Bonds 0 0 0 0 TOTAL REVENUE 22,400,701 17,360,740 24,738,645 IF 20,1 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 Capital Outlay 13,325,835 14,453,003 15,696,000 8,670,000 Transfers 5,021,675 5,986,903 8,401,310 7,899,134 Advances 3,534,340 1,954,937 2,250,000 0 TOTAL EXPENDITURES 21,881,850 22,394,843 26,347,310 16,569,134 Revenues Over (Under) Expenditures 518,851 (5,034,103) (1,608,665) 3,630,418 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 9,543,960 12,564,974 7,530,871 5,922,206 12,564,974 7,530,871 5,922,206 9,552,624 (4,013,717) (3,450,028) 0 0 8,551,257 4,080,843 5,922,206 9, 552,624 * 2007 is the first year the City began allocating property tax revenue from the inside millage to the Capital Improvements Tax Fund. Taxbud08 5/31/2007 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 2005 Actual (2) For 2006 Actual (3) Current Year Estimated for 2007 L (4) Budget Year Estimated for 2008 (5) REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX X XXXXXXX Local Taxes 2,606,049 2,950,649 1,496,300 1,496,350 Intergovernmental Revenue 310,825 333,391 152,550 152,550 Fines, Licenses, and Permits 75,945 0 0 0 Miscellaneous 72,611 375,852 25,000 25,000 Other Financing Sources: Transfers 0 0 0 Other Sources - Advances 0 0 0 Proceeds from Bonds 0 0 0 0 TOTAL REVENUE 3,065,430 3,659,892 1,673,8501 1,673,900 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 32,296 36,397 30,000 30,000 Capital Outlay 1,560,065 535,669 3,420,000 1,441,000 Transfers 528,816 587,062 584,410 581,321 Advances 0 0 0 0 TOTAL EXPENDITURES 2,121,177 1,159,128 4,034,410 2,052,321 Revenues Over (Under) Expenditures 944,253 2,500,764 (2,360,560) (378,421) 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 Endinq Unencumbered Fund Balance 1,639,223 2,583,476 5,084,240 2,723,680 2,583,476 5,084,240 2,723,680 2,345,259 (1,100,000) (950,000) 0 0 1,483,476 4,134,240 2,7 23,680 2,345,259 Taxbud08 5/31/2007 EXHIBIT III FUND List All Funds Individually Unless Reported on Exhibit I or II Estimated Unencumbered Fund Balance 01 /01 / 11 Budget Year Estimated Receipt Total Available For Expenditures 1 Budget Year Expenditures and Encumbrances Personal Services Other Total Estimated Unencumbered Balance 12/ GOVERNMENTAL: SPECIAL REVENUE: Street Maintenance & Repair XXXXXXXX XXXXXXXX 360,285 XXXXXXXX XXXXXXXX 3,469,000 XXXXXXXX XXXXXXXX 3,829,285 XXXXXXXX XXXXXXXX 2,292,409 XXXXXXXX XXXXXXXX 1,446,794 XXXXXXXX XXXXXXXX 3,739,203 XXXXXXXX XXXXXXXX 90,082 State Highway Improvement 76,011 148,665 224,676 0 26,500 26,500 198,176 Cemetery 36,307 166,630 202,937 118,508 48,495 167,003 35,934 Recreation 301,096 7,340,620 7,641,716 4,844,465 2,683,900 7,528,365 113,352 Permissive Tax 1,110,403 104,800 1,215,203 0 0 0 1,215,203 Hotel /Motel Tax 184,258 2,439,500 2,623,758 511,265 2,112,494 2,623,758 0 Enforcement & Education 50,386 2,925 53,311 0 0 0 53,311 Law Enforcement Trust 82,013 3,375 85,388 0 52,391 52,391 32,998 Mayor's Court Computer 128,455 32,250 160,705 0 26,447 26,447 134,258 Swimming Pool 61,973 1,040,400 1,102,373 592,858 505,728 1,098,586 3,787 Mandatory Drug Fine 2,111 50 2,161 0 0 0 2,161 Accrued Leave Reserves 627,955 312,500 940,455 259,600 0 259,600 680,855 TOTAL SPECIAL REVENUE FUNDS 3,021,253 15,060,715 18,081,968 8,619,105 6,902,748 15,521,852 2,560, DEBT SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Special Assessment Bond Retirement 444,609 0 444,609 0 0 444,609 1992 Special Assessment Bond Retirement 98,399 119,745 218,144 0 107,790 107,790 110,354 2001 Special Assessment Bond Retirement 2,018 128,084 130,102 0 129,700 129,700 402 TOTAL DEBT SERVICE FUNDS 545,026 247,829 792,855 0 237,490 237,490 555,365 CAPITAL PROJECT FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX 0 0 0 0 0 0 0 0 Note: Various construction funds not included. 0 0 TOTAL CAPITAL PROJECTS 0 0 0 0 0 0 0 Taxbud08 5/31/2007 EXHIBIT III FUND List All Funds Individually Unless Reported on Exhibit I or II Estimated Unencumbered Fund Balance 01/01/08 Budget Year Estimated Receipt Total Available For Expenditures Budget Year Expenditures and Encumbrances Personal Services Other Total Estimated Unencumbered Balan 1 PROPRIETARY: ENTERPRISE FUNDS Water XXXXXXXX XXXXXXXX 8,997,243 XXXXXXXX XXXXXXXX 1,555,162 XXXXXXXX XXXXXXXX 10,552,405 XXXXXXXX XXXXXXXX 113,018 XXXXXXXX XXXXXXXX 1,565,319 XXXXXXXX XXXXXXXX 1,678,337 XXXXXXXX XXXXXXXX 8,874,068 Sewer 5,838,673 2,181,072 8,019,745 787,239 3,142,599 3,929,838 4,089,907 Merchandising 41,345 10,620 51,965 0 10,600 10,600 41,365 TOTAL ENTERPRISE FUNDS 14,877,261 3,746,854 18,624,115 900,257 4,718,518 5 13,005,340 INTERNAL SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXX Employee Benefits Self- Insurance 1,141,373 4,850,000 5,991,373 21,677 4,755,902 4,777,579 1,213,794 Workers Compensation Self- Insurance 514,484 447,425 961,909 0 595,111 595,111 366,799 TOTAL INTERNAL SERVICE FUNDS 1,655,857 5,297,425 6,953,282 21,677 5,351,013 5,372,690 1,580,593 TRUST AND AGENCY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Drug Enforcement 0 0 0 0 0 0 0 Cemetery Perpetual Care 621,280 39,000 660,280 0 0 0 660,280 Dublin Convention & Visitors Bureau 29,796 480,000 509,796 0 480,000 480,000 29,796 Agency(Deposits) 939,908 1,834,000 2,773,908 0 1,834,000 1,834,000 939,908 TOTAL TRUST AND AGENCY FUNDS 1,590,984 2,353,000 3,943,984 0 2,314,000 2,314,000 1,629,984 TOTAL FOR MEMORANDUM ONLY 21,690,381 IF 26,705,823IF 48,396,204 9,541,039 1 19,523,768 29,064,807 19,331,398 Taxbud08 5/31/2007 STATEMENT OF PERMANENT IMPROVEMENTS EXHIBIT IV (Do Not Include Expense to be Paid from Bond Issue) (Section 5705.29. Revised Code) Estimated Cost Amount to be DESCRIPTION of Permanent Budgeted During Name of Paying Fund Improvement Current Year Leisure Time Activities Various park improvements 11 1,260,000 11 1,260,000 IlCapital Improvements Tax Fund Transportation Annual street maintenance 2,417,000 2,417,000 Capital Improvements Tax Fund Various roadway improvements 1,215,000 3,580,000 Capital Improvements Tax Fund General Government Various City Equipment 2,256,000 2,256,000 Capital Improvements Tax Fund Other capital improvements 1,522,000 6,469,000 Capital Improvements Tax Fund TOTAL I 8,670,000 1 15,982,000 ]1 For the year being budgeted, list each contemplated disbursement for permanent improvements,exclusive of any expense to be paid from bond issues, by the fund from which the expenditure is to be made. Taxbud08 5/31/2007 STATEMENT OF AMOUNTS REQUIRED FOR EXHIBIT V PAYMENT OF FINAL JUDGEMENTS Taxbud08 5/31/2007 List the amounts required for the payment of each judgement expected to be paid during the year being budgeted. EXHIBIT VI BUDGET YEAR PURPOSE OF BONDS AND NOTES Authority for Levy Outside 10 Mill Limit' Date of Issue Date of Maturity Ordinance or Resolution Serial or Term Rate of Interest Amounts of Bonds and Notes Outstanding Standing at Beginning of Budgeted Year January 1, 2008 Amount Required for Principal and Interest 1/1/08 to 12/31/08 Amount Receivable from Other Sources to Meet Debt Payments 1/1/08 to 12/31/08 Payable from Bond Retirement Fund: XXXXXXXX XXXXXXXX XXXXXX XXXXXX XXXXX XXXXX XXXXXXX XXXXXXX XXXXX XXXXX XXXXXX XXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX XXXXXXXXXXXXX OUTSIDE 10 MILL LIMIT: XXXXXXXX XXXXXX XXXXX XXXXXXX XXXXX XXXXXX XXXXXXXXXXXXX XXXXXXX XXXXXX XXXXXXXXXXXXX #2 Sewer 07/01/76 07/01/79 07/01/10 56 -79 Serial 6.500% 20,000 5,000 0 TOTAL $20,000 $5,000 $0 If the levy is outside the 10 mill limit by vote enter the words "by vote" and the date of the election. If outside the 10 mill limit without a vote, enter the reference to the statute under which the levy is exempt from the 10 mill limit. NOTE: Complete listing of outstanding debt attached. The issue in this exhibit is retired with property tax revenue. Taxbud08.xls 5/31/2007 COUNTY AUDITOR'S ESTIMATE Tax Levies and Rates for 20 in Tax Valuation $ City/Village Taxbud08 5/31/2007 FRANKLIN COUNTY BUDGET OF City FOR FISCAL YEAR BEGINNING JANUARY 1, 20 20 County Auditor Deputy Auditor Taxbud08 5/31/2007 OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES The Budget Commission of city /villaqe County, Ohio, hereby makes the following Official Certificate of Estimated Resources for the for the BUDGET YEAR beginninq January 1st, 2007. FUND Estimated Unencumbered Balance January 1, 2008 Real Estate Property Tax Personal Property Tax Local Government Money Rollback, Homestead Personal Property Tax Exe Other Sources Total GOVERNMENTAL FUND TYPE General Fund Special Revenue Funds Debt Service Funds Capital Project Funds PROPRIETARY FUND TYPE Enterprise Funds Internal Service Funds FIDUCIARY FUND TYPE Trust and Agency Funds limitation is set forth in the proper columns of the preceding pages and the total amount approved for each fund must govern the amount of appropriation from such fund. Taxbud08 5/31/2007 OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES -- Continued FUND Estimated Unencumbered Balance January 1, 2008 Real Estate Property Tax Personal Property Tax Local Government Money Rollback, Homestead Personal Property Tax Exemption Other Sources Total GOVERNMENTAL FUNDS: GENERALFUND XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX SPECIAL REVENUE FUNDS: XXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX Street Construction Maintenance /Repair State Highway Improvement Fund Cemetery Fund Parks and Recreation Fund Federal Grant Fund State Grant Fund Law Enforcement Trust Fund Drug Law Enforcement Fund Other Special Revenue Funds TOTAL SPECIAL REVENUE FUNDS DEBT SERVICE FUNDS Other Debt Service Funds TOTAL DEBT SERVICE FUNDS CAPITAL PROJECT FUNDS: XXXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXXXXXXXX :JI XXXXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXXXXXXX I XXXXXXXXXX XXXXXXXXX XXX)OOOCXX XXXXXXXXX XXXXXXXXX Construction Fund Federal Grant Fund Other Capital Project Funds TOTAL CAPITAL PROJECT FUNDS Taxbud08 5/31/2007 OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES -- Continued FUND Estimated Unencumbered Balance January 1, 2008 Real Estate Property Tax Personal Property Tax Local Government Money Rollback, Homestead Personal Property Tax Exemption Other Sources Total SPECIAL ASSESSMENT FUNDS: XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX Special Assessment Bond Retirement Special Assessment Improvement Fund Special Assesment Operating Fund Other Special Assessment Funds (specify) TOTAL SPECIAL ASSESSMENT FUNDS ENTERPRISE FUNDS: XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXXXXXXXXX Water Fund Sanitary Sewer Fund Electric Fund Parking Fund Swimming Pool Fund First Mortgage Debt Service Fund XXXXXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX Utilities Deposit Fund Utility Improvement Fund Other Enterprise Funds TOTAL ENTERPRISE FUNDS INTERNAL SERVICE FUNDS: XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX Revolving Fund Other Internal Service Funds TOTAL INTERNAL SERVICE FUNDS Taxbud08 5/31/2007 OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES -- Continued FUND Estimated Unencumbered Balance January 1, 2008 Real Estate Property Tax Personal Property Tax Local Government Money Rollback, Homestead Personal Property Tax Exemption Other Sources Total TRUST AND AGENCY FUNDS: XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXXX TOTAL TRUST AND AGENCY FUNDS TOTAL ESTIMATED RESOURCES (memorandum) Taxbud08 5/31/2007 Unvoted Bonds (G.O.) * Water Tower Construction * Swimming Pool Construction * Water System Improvements * Frantz Road Improvements * Service Complex * Sanitary Sewer Improvements 1 Rings /Blazer Water Tower 2 Upper Scioto West Branch (OWDA) * Avery- Muirfield Interchange (SIB Loan) Rings Road Improvements(TIF) Arts Facility Acquisition Arts Facility Renovation Perimeter Drive Extension(TIF) Emerald Parkway -Phase 7A(TIF) * Service Complex * Sawmill Interchange (SPUI)City of Cols) Parkland Acq - Riverside /Hard (OMB) * Municipal Pool South (OMB) * Aryshire Drive Culvert Repl. (OPWC) Unvoted Special Assessment Bonds Shier -Rings Waterline Dublin Village Center Lighting Ballantrae Voted Bonds (G.O.) #2 Sewer (11- 02 -76) * Coffman Road Extension * Municipal Facility(Land) * N.E. Quadrant Parkland * Dublin Justice Center * Community Recreation Center * Recreation Center expansion * Emerald Parkway Bridge Emerald Parkway -Phase 1(TIF) Emerald Parkway -Phase 2(TIF) * Woerner- Temple Road * Emerald Parkway Overpass -Phase 7 Coffman Park Expansion Voted Special Assessment Bonds Tuller Road Total Debt Payments 595,000 70,000 37,790 595,000 70,000 37,790 $65,605,611 $6,389,701 $2,935,275 * Supported by income tax revenue. 1 Supported by Water Fund revenues. 2 Supported by Sewer Fund revenues. 2008 Debt Service O/S Principal Interest Principal Payment Payment 472,692 155,264 20,092 252,770 83,026 10,744 331,313 108,826 14,082 108,534 35,650 4,613 515,534 169,336 21,913 374,155 122,898 15,903 1,970,000 235,000 125,120 11,318,656 873,657 477,063 6,267,120 380,069 246,924 2,751,363 165,152 123,529 1,058,182 65,821 47,497 588,636 33,270 26,405 3,076,818 181,986 138,108 1,580,000 93,772 70,872 2,830,000 155,000 124,844 120,000 120,000 5,460 646,000 320,000 13,041 2,677,000 113,000 109,006 181,836 27,975 0 37,120,610 3,439,701 1,595,215 0 0 0 0 0 0 1,315,000 70,000 58,084 1,315,000 70,000 58,084 20,000 5,000 1,300 68,739 23,560 2,919 183,304 62,826 7,783 243,958 83,614 10,359 1,010,000 295,000 44,220 1,400,000 580,000 68,215 2,608,000 185,000 124,171 4,702,000 380,000 224,687 0 4,784,000 465,000 230,097 4,208,993 271,895 192,718 4,970,733 319,890 227,653 2,375,274 138,215 110,065 26,575,001 2,810,000 1,244,186 595,000 70,000 37,790 595,000 70,000 37,790 $65,605,611 $6,389,701 $2,935,275 * Supported by income tax revenue. 1 Supported by Water Fund revenues. 2 Supported by Sewer Fund revenues.