Adopted Budget 2015-2016

INFRASTRUCTURE RESULT AREA SUMMARY

BUDGET HIGHLIGHTS

 The FY 15-16 Infrastructure Result Area budget increases by just over $15.6 million, or 6.4% from FY 14-15. The increase includes a $13.8 million increase in Water Resources, largely to fund upcoming capital expenses. The result area increase also includes just over $89,000 for enhancements in Transportation, Water Resources, and Parking.  A $100,000 reduction within Engineering & Inspections’ energy budget, a reduction of about 3.8%, is occurring in FY 15-16 to help reduce the total budget, maintain the current tax rate, and to more closely align with historic actual expenditures.  FY 15-16 will be the first full year that Field Operations has provided the Downtown Cleaning and Maintenance program within the Central Business District. The program receives funding from the Business Improvement District (BID) tax. It will cost $342,828 and result in the addition of 5.481 FTEs to the Field Operations Department.  The FY 15-16 GTA Budget uses $841,736 in fund balance and the projected FY 16-17 budget will use $1,187,316 to balance the Transit Fund. The City will continue to explore options to improve the long-term financial outlook for GTA, including the service and fare changes.  Following the recommendations of an outside consultant, the City is increasing on-street and surface lot hourly rates and increasing monthly parking rates to prepare for capital and maintenance needs and to be more in line with peer city rates. The City is maintaining hourly deck rates. The rate increases will result in approximately $450,000 in additional parking revenue in FY 15-16. Additionally, one parking enforcement vehicle is being added to the FY 15-16 Budget to improve parking enforcement downtown. The enhancement is being funded through cuts within the Parking Fund.  The FY 15-16 Budget includes the third increase of a multi-year phased increase to planning development fees that will increase revenue by just over $15,000.  Two Transportation enhancements in FY 15-16 result in an additional $30,000 for pavement marking maintenance to cover the increasing cost of paint and other materials and an additional $48,500 to pay for the maintenance of the improved traffic signal system.  The FY 15-16 Budget includes a rate increase for Water Resources. The rate increases by 5.5% for residents inside city limits, and 8% for residents outside city limits. This rate increase will result in a $2.12 increase per month for city residents and a $7.33 increase per month for non-city residents.  A General Fund contribution of $2.5 million is included to support operations in FY 15-16. This transfer is necessary to support the War Memorial Coliseum Complex operations not otherwise offset by user fees.

Adopted FY 2015-16 Budget

74