City of Farmer City FY 2021-22 Review and Achievements
The City of Farmer City in FY 2021-22 witnessed a slight increase in total revenues compared to the previous year despite challenges from the COVID-19 pandemic. Income from various taxes like Gaming Tax, Sales Tax, and Court Fines showed positive trends. The State of Illinois altered the LGDF, affecting income tax figures. The city also highlighted accomplishments in administration, parks, police, and street maintenance during the fiscal year. Financial reports reveal a comprehensive overview of general fund revenues/expenditures and fund balance evolution.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
City of Farmer City FY 2021-22
FY 2020-21 Review Covid Impacts Better than expected, but still behind Total Revenues 1% up Expectations vs Reality Revenue FY 2019- FY 21 Budget FY 2020- 2021 Lag behind FY 20 2020 Income Tax 204,963 175,000 192,687 6% Gaming Tax 39,084 30,000 30,857 21% Sales Tax 188,959 180,000 162,339 14% Use Tax 64,732 55,000 73,014 12%+ Telecomm Tax 16,433 15,000 12,736 23% Court Fines 25,493 17,000 15,431 40%
The State of Illinois provided LGDF (Municipal share of income tax) at 8% in 2015. It was reduced to 5.45% in 2017-18. It now sits at 6.06% 215,000 Income Tax 210,000 205,000 200,000 195,000 190,000 185,000 180,000 175,000 170,000 16/17 17/18 18/19 19/20 20/21
Sales Tax 240,000 232,116 230,000 220,000 210,000 204,707 202,300 200,000 200,000 193,557 190,000 180,000 170,000 16/17 17/18 18/19 19/20 20/21
General Fund Revenues/Expenditures 1,300,000 1,250,000 1,200,000 Expenditures 1,150,000 Revenues 1,100,000 1,050,000 1,000,000 16/17 17/18 18/19 19/20 20/21 21/22 Proj
Fund Balance Overview 3,500,000 3,000,000 2,500,000 2,000,000 Gen Fund Water Sewer 1,500,000 Electric 1,000,000 500,000 0 17/18 18/19 19/20 20/21 21/22 Proj
FY 2020-21 Review Accomplishments Administration Updated financial system Collected nearly $3,200 in unpaid debt Parks Added pickle ball at Weedman Added swing set at South Park Added riprap, benches to Ponds Pool Completed (nearly) $1.3 million renovation Updated filter system, deck, lining, cash system
FY 2020-21 Review Accomplishments contd Police Completed construction of gun range building Replaced vehicle & body cameras with $19,500 grant Streets Replaced 30 street sign blades Repaired numerous potholes, sinkholes and catch basins Motor Fuel Tax Removed/trimmed more than 6 dangerous trees Performed more than $6,500 in street repairs around town
FY 2020-21 Review Accomplishments contd TIF 2 Issued $23,000 in grants for private building improvements Paid $72,000 in costs for Safe Routes to School sidewalk project not covered by grant Completed Maple/Western reconstruction Business District #1 Acquired & demolished dangerous building at 101 S Main St Issued more than $10,000 in assistance to businesses due to COVID shutdown Tourism (Hotel/motel tax) Assisted multiple events including the Christmas parade and Santa House Assisted BMX track to replace their track building
FY 2020-21 Review Accomplishments contd Water Fund Tower cleaning Repaired Filter #4 Water holding tank cleaning Replaced multiple zero read meters Repaired numerous breaks/leaks Sewer Fund Replaced activated sludge lift station Repaired and cleaned one clarifier Repaired/cleaned Depot Rd and Center St lift stations Completed energy efficiency study at treatment plant
Water Fund 800,000 700,000 600,000 500,000 Axis Title TOTAL REVENUES 400,000 TOTAL EXPENDITURES 300,000 200,000 100,000 0 16/17 17/18 18/19 19/20 20/21 21/22 Proj
Sewer Fund 700,000 600,000 500,000 400,000 TOTAL REVENUES TOTAL EXPENDITURES 300,000 200,000 100,000 0 17/18 18/19 19/20 20/21 21/22 Proj
FY 2020-21 Review Accomplishments contd Electric Fund Trimmed more than 5 miles of trees and vegetation from lines Replaced protective relays Upgraded 20 transformers
Electric Fund 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 Axis Title TOTAL REVENUES 2,500,000 TOTAL EXPENDITURES 2,000,000 1,500,000 1,000,000 500,000 0 17/18 18/19 19/20 20/21 21/22 Proj
General Fund Revenue Cannabis tax - $1,750 Tax revenue recovery Sales, Use, Gaming Pool admissions, concessions 2019 levels Mediacom rental income up Rental agreement increase Investment income down rates have dropped substantially
General Fund Expenditures Overall, expenditures up 12% from FY 20 FY 21 anamoly 10% Health Insurance cost could drop if change plans Most increase in Parks, Streets and Pool Administration -9% Mayor/Council -9% Parks +15% (new mower, South Park bathroom work) Police -4% Streets +14% (N. John St. work 80K grant) Without N. John St project, Streets would be down 16% Pool +12% (High expectations for good year)
General Fund by Division FY 22 0 Streets, 292,693 Admin, 353,570 Council, 23,330 Parks, 33,675 Police, 478,980 Pool, 68,150
Administration 2% COLA (FOP contract) .50/hour part time per law Health insurance 10% increase Cell phone reimbursement Camera system city hall
Mayor/City Council Code book codification IML conference Newly elected 4 more chairs
Parks Mowing (Cemetery, ROW etc) South Park bathroom sidewalk $2,000 New push mower $9,000
Pool Square payment system Better entry fee, concessions tracking Inventory component Minimal amounts for maintenance, supplies Repay Electric Fund $5,000
Police 2% per CBA New 911 agreement $13,000 decrease Cell phone reimbursements Replacement desktop Evidence room Camera system
Streets Dump truck blasting rust removal/coating $75,000 grant project on North John St Bobcat forks
General Fund overview Balanced in black Still have operating deficit; utilizing transfers in Healthcare
Healthcare 100% cost of coverage for employees $13,918/employee/year 50% cost of coverage for EE+spouse, Family $26,718 or $34,518/employee/year $310,924 per year $159,916 General Fund $44,400 Water Fund $106,608 Electric Fund Increasing 10-15% per year Premiums due to LGHP City paid Premium costs Employees Paid # Employees Total (City paid) 100% Single $13,918 $13,918 $0 18 $153,098 50% EE+Spouse $26,718 $20,318 $6,400 3 $60,954 50% Family $34,518 $24,218 $10,300 4 $96,872 Non- participating 2 $310,924
Misc Funds Audit Fee increase $700 Accounting services line item Insurance, IMRF, FICA, ESDA No substantive changes
Motor Fuel Tax Final payment of extra $22,000 Rebuild Illinois funds To be spent by FY 25 Crack sealing, sealcoating this year $20,000
Crossing Guard 5 years will be deficit Losing approximately $2,220/year FY 21 helped due to reduced wages from pandemic 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 16/17 17/18 18/19 19/20 20/21 21/22
TIF 2 Set to expire in 2022; last revenues in 2023 Attempting 12 year extension Memorial Park at school Prairie Ridge Mowing SSA consideration Playground? I-74 bonds Forward TIF to take over at expiration SRTS grant proceeds/payouts in FY 22 Sewer lining South John St. ($125,000)
Forward TIF No real revenue yet $35,000 N John St. drainage improvements $25,000 Part of grant work ($75,000 in General Fund Streets)
Business District #1 I-74 marketing Downtown improvements Transfers to General Fund
Tourism Heritage Days Christmas parade Santa House Fireworks Baseball concessions? South Park drive gravel enhancement
Capital Projects Roadbotics update $2,900 Sidewalk master plan $91,510 Pool amenities; final payouts $37,500 Gun range completion $20,000
Water Fund 10% user charge increase ILRWA recommendation I-74 bond payment (50%) Vactor truck repairs Itron smart app Market St watermain replacement ($100,000) If no grant award Water plant lift station ($35,000) Pre-chlorination ($10,000) Filter #2 ($40,000) Master Plan engineering ($50,000) Auto-flushers, Plum/150 hydrant ($16,000)
Water Fund I-74 Bonds, 53,544 Other, 66,600 Salaries, 194,100 Overtime, 11,500 Utilities, 20,000 Insurance, 10,500 Capital Imp, 271,000 Interfund Xfr, 70,000 System Maint, 16,200 Oper supplies, 5,000
Sewer Fund 10% user charge increase ILRWA recommendation Lost Exelon reimbursement for Odofos ($14,000) I-74 bond payment (50%) Activated sludge panel phone line Alert system Itron smart app Activated sludge lift station pump $10,000 Master plan engineering $50,000 Air leaks, Main St trunk cleaning $20,000
Sewer Fund Salaries, 42,500 Other, 48,250 Overtime, 500 Vehicles, 7,500 I-74 Bonds, 53,544 Utilities, 80,000 Interfund Xfr, 60,000 System Maint, 11,000 Oper supplies, 750 Capital Imp, 205,000
Electric Fund Replacement desktop Tree truck $60,000 Improved tree limb pruning Plant doors $6,000 Itron smart app Feeder breaker Need to replace 5 1/year $25,000
Electric Fund Utility tax, 137,000 Salaries, 482,106 Capital Imp, 51,000 System, 200,300 Debt, 115,830 Overtime, 7,500 Interfund Xfr, 275,000 Electricity, 1,450,000
