City of Mineola FY 2023 Budget Overview
The City of Mineola's fiscal year 2023 budget presentation includes cash balance projections, tax insights, property taxpayers' information, sales tax data, and more. Explore revenue projections, expenditure details, tax rates, top taxpayers, sales tax trends, and category-wise sales tax payments. Stay informed about the financial landscape and projections for Mineola in the coming year.
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.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
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.
E N D
Presentation Transcript
CITY OF MINEOLA FISCAL YEAR 2023 BUDGET PRESENTATION
CASH BALANCE PROJECTIONS Projected Year End Projected Revenues Projected Expenditures Projected Year End Fund 9/30/2021 General Fund $ 1,708,037.53 $ 5,243,595.33 $ 4,951,746.82 $ 1,999,886.04 1% 0% Water Utility Fund $ 1,344,281.49 $ 2,776,525.00 $ 2,671,031.00 $ 1,449,775.49 23% General Fund Water Utility Fund Mineola EDC $ 869,569.23 $ 934,058.00 $ 757,042.00 $ 1,046,585.23 44% Mineola EDC Natural Resources Natural Resources $ 43,101.19 $ 193,436.00 $ 182,757.00 $ 53,780.19 Marketing & Tourism 32% Marketing & Tourism $ 11,273.09 $ 125,000.00 $ 123,548.00 $ 12,725.09 $ 3,976,262.53 $ 9,272,614.33 $ 8,686,124.82 $ 4,562,752.04
TAXES Property Tax Sales Tax 2022 Preliminary Totals $313,273,683 As of May 2021 we were at a 4.92% increase over the prior year FY 2022 O&M Budget $1,300,000 As of May 2022 we are at a 13.83% increase over last year FY 2023 O&M Budget Proposed 3.5% Increase up to Voter Approval Tax Rate $1,345,500 Ended FY 2021 at 6.59% over last year and 14% over budget If next four months are same as last year, we will end at 8.96% over last year, or an increase of $226,489.04
PROPERTY TAXPAYERS TOP 20 Levy Amount Wood County National Bank Brookshires Food Store #31 Dow James Edmund Jr Union Pacific Railroad Company Toliver CDJR Mineola Toliver Ford Mineola LLC ETAS Metal Roof & Wall Systems Dow Autoplex Suddenlink Communications AEP Southwestern Elec Power Co AOM Apartments LLC A Texas Limited Lia CMM Mineola LLC Wal-Mart Property Tax Dept Sanderson Farms Inc Benham & Company Inc $- $10,000.00 $20,000.00 $30,000.00 $40,000.00 $50,000.00 $60,000.00
SALES TAX Yearly Sales Tax Total Sales Tax Average Increase from 2013 to 2021 is 5% per year 3,000,000.00 2,500,000.00 Current Budget projects a 8.9% increase over last year actual. 2,000,000.00 1,500,000.00 2023 Sales Tax revenue budgeted at 5% increase over 2022 projected total revenue. This is because we expect current building projects to continue into the next few years. 1,000,000.00 500,000.00 0.00 FY 2012-2013 FY 2013-2014 FY 2014-2015 FY 2015-2016 FY 2016-2017 FY 2017-2018 FY 2018-2019 FY 2019-2020 FY 2020-2021
SALES TAX TOTAL PAID JAN.2021-MAY 2022 Sales Tax by Category Total Paid Jan 2021-May 2022 Nursery, Garden Center, & Farm Supply All Other Categories Power & Communication Line & Related Structures Department Stores All Other General Merchandise Stores Limited Service Resturants Full Service Resturants Electronic Shopping and Mail-Order Houses Prefabricated Metal Buildings & Component Mfg Gasoline Stations w/Convience Stores Other Building Material Dealers Other Building Material Dealers Prefabricated Metal Buildings & Component Mfg Gasoline Stations w/Convience Stores Full Service Resturants Electronic Shopping and Mail-Order Houses Department Stores Limited Service Resturants All Other Categories All Other General Merchandise Stores $- $400,000.00 $800,000.00 $1,200,000.00 Power & Communication Line & Related Structures
PERSONNEL CHANGES 5% overall employee raises - $131,092 increase to budget (3% COLA / 2% Merit) 10% increase in Health Insurance Benefits - $529,162.40 Cost to City, increase of $48,105.67 Consider keeping/removing the Health Savings Account option - $55,000 Added Assistant Public Works Director Position/Remove Water Clerk position Add a fifth Patrol Officer - $83,801 Add Paid Asst. Fire Chief, Supervisor for Firefighters - $75,899 Add 4 part-time summer employees for mowing in the Street Department & at Preserve - $23,168 Overall Increase to Personnel Budget - $271,509.00
PERSONNEL FUND General Fund Water Utility Fund* MEDC Natural Resources Marketing & Tourism Museum (Meredith) TOTAL 2022 BUDGET 2023 BUDGET INC (DEC) $2,607,835.00 $941,219.00 $43,991.00 $115,941.00 $74,394.54 $16,436.00 $3,783,380.54 $2,903,526.00 $908,491.00 $45,644.00 $121,066.00 $76,163.00 $16,436.00 $4,054,890.00 $295,691.00 $(32,728.00) $1,653.00 $5,125.00 $1,768.46 $0 $271,509.46 * WUF 2022 Budgeted William s salary plus retirement payout.
HEALTH INSURANCE Expecting 10% increase in cost City Pays 100% Employee Coverage and 70% of Family Coverage Coverage Type Employee Pays (annual) City Pays per Employee (annual) Number of Employees Annual City Cost Employee Only Employee + Children Employee + Spouse Employee + Family $0 $7,612 $11,043 25 6 $190,300 $66,258 $1,921 $2,203 $12,663 7 $88,641 $4,219 $17,128 11 $188,408 $533,607 TOTAL:
DEPARTMENT NEEDS/CAPITAL EXPENDITURES Police Department Outfitting of two new vehicles purchased in FY 2022 est. cost $65,000 All Departments Fuel Charges increased by over 70%, from $91,300 for FY 22 to $155,900 for FY 23, additional $64,600 to budget (74% for General Fund, $50,900) Street Department Apply for TXCDGB Grant for Ward 3 streets and drainage
DEPARTMENT NEEDS/CAPITAL EXPENDITURES (CONT.) Water/Wastewater Front Street 500,000 Gallon Storage Tank Rehab, est. cost $604,068 CR 2842 500,000 Gallon Storage Tank Rehab, est. cost $611,676 10 year vehicle replacement schedule
PARK CENTRAL ROAD EXTENSION PROJECT #100188 Split between MEDC and General Fund Engineering Cost $183,675 Construction Cost $650,000 - $750,000 Proposing financing $800,000 ($400,000 per fund) for 5 years https://morrowrenewables.com/
GOALS TO INCREASE CAPITAL RESERVES FOR EACH GENERAL FUND DEPARTMENT Establish Street Department Construction Fund to be used for street construction only. Propose any overage in Sales Tax above budget at year end transfer in to Capital Reserve for street repairs (if overall budget savings allow). FY 2021 $200,953.43 YTD 2022 $23,828.82 Increase Police and Fire Capital Reserve Funds by allocating a percentage of budget savings into these funds (if overall budget savings allow). Police Reserve Fund Current Balance - $32,420.28 Fire Department Capital Fund Balance - $126,024.64
WATER UTILITY FUND Water Sales increase 2% Rate Increase FY 2019 3% FY 2022 $1,778,300 No increases in 2020 or 2021 FY 2023 $1,813,866 Rate Increase FY 2022 3% Sewer Sales increase 2% FY 2022 $894,715 FY 2023 $912,610
UTILITY BILLING COLLECTIONS From June 2020 to April 2022 we sent $33,172.48 to collections for unpaid utility accounts. That is an average of $1,442 per month. CSII charges 30% for collections. Perdue Brandon will charge 20%. Recommend sending new collections to Perdue Brandon. Average write off account is $187.99. This is the balance remaining after the $150 deposit is applied. Most of these are rentals/tenants. Recommend raising deposit to $200 for Residential. Raise Commercial deposit to $250. Total Write Off Balance (all years) $129,898.48. Total Collected = $15,736.69 (12.1%)
GENERAL FUND - POLICE Personnel Police FY 2023 FY 2022 Add 5th patrol officer $83,801 PERSONNEL SERVICE $ 1,689,932.00 $ 1,500,696.00 OPERATING SUPPLIES $ 90,000.00 $ 92,300.00 Capital CONTRACTUAL SERVICES $ 59,700.00 $ 55,800.00 Outfitting of two new patrol vehicles purchased in FY 2022 est. cost $65,000 REPAIRS $ 26,500.00 $ 23,000.00 CAPITAL EXPENDITURES $ 66,500.00 $ 6,500.00 DEBT $ 17,990.16 $ 50,572.36 TOTAL $ 1,950,622.16 $ 1,728,868.36 Percent Inc/(Dec) 13%
GENERAL FUND - FIRE Personnel Fire FY 2023 FY 2022 Add Paid Asst. Fire Chief, Supervisor est. cost $75,899 PERSONNEL SERVICE $ 419,388.00 $ 325,551.00 OPERATING SUPPLIES $ 79,400.00 $ 63,950.00 Capital CONTRACTUAL SERVICES $ 169,969.00 $ 344,978.00 Radio Tower Construction Cont. REPAIRS $ 54,900.00 $ 60,400.00 Capital Reserve $126,024.64 continue savings to replace two trucks that are 25+ years old, nearing end of life. CAPITAL EXPENDITURES $ 16,000.00 $ 9,000.00 DEBT $ 13,024.19 $ 32,909.52 TOTAL $ 752,681.19 $ 836,788.52 Percent Inc/(Dec) -10%
GENERAL FUND - STREET Personnel Add part-time summer employees for mowing in town and at Preserve est. cost $23,168 Street FY 2023 FY 2022 PERSONNEL SERVICE $ 420,668.00 $ 449,271.00 OPERATING SUPPLIES $ 42,350.00 $ 30,950.00 CONTRACTUAL SERVICES $ 730,000.87 $ 581,200.00 * REPAIRS $ 49,000.00 $ 47,000.00 Street from $70,000 to $100,000 CAPITAL EXPENDITURES $ 544,500.00 $ 114,500.00 * Operations 70% Fuel Increase DEBT $ - $ 21,398.44 TOTAL $ 1,786,518.87 $ 1,244,319.44 Capital Percent Inc/(Dec) 44% Park Central Road Extension $400,000 (split between Gen Fund and EDC) *Park Central Road Construction
GENERAL FUND - ADMINISTRATION Administration FY 2023 FY 2022 PERSONNEL SERVICE $ 200,069.00 $ 187,092.00 OPERATING SUPPLIES $ 11,100.00 $ 13,000.00 CONTRACTUAL SERVICES $ 343,160.00 $ 311,012.00 REPAIRS $ 14,000.00 $ 128,635.58 * CAPITAL EXPENDITURES $ 39,636.78 $ 7,800.00 DEBT $ - $ - TOTAL $ 607,965.78 $ 647,539.58 Percent Inc/(Dec) -6% *City Hall/FD Roof - Insurance Claim
GENERAL FUND (OTHER) Community Development FY 2023 FY 2022 Municipal Court FY 2023 FY 2022 PERSONNEL SERVICE $ 73,095.00 $ 86,565.00 PERSONNEL SERVICE $ 61,616.00 $ 58,660.00 OPERATING SUPPLIES $ 1,750.00 $ 2,450.00 OPERATING SUPPLIES $ 1,200.00 $ 1,000.00 CONTRACTUAL SERVICES $ 56,700.00 $ 54,700.00 CONTRACTUAL SERVICES $ 142,500.00 $ 108,350.00 REPAIRS $ 16,000.00 $ 22,551.00 REPAIRS $ - $ - CAPITAL EXPENDITURES $ 15,500.00 $ 10,000.00 CAPITAL EXPENDITURES $ - $ - DEBT $ - $ - DEBT $ - $ - TOTAL $ 163,045.00 $ 176,266.00 TOTAL $ 205,316.00 $ 168,010.00 Percent Inc/(Dec) -8% Percent Inc/(Dec) 22%
WATER UTILITY FUND - WATER Personnel Added Asst. Public Works Director, removed Water Clerk Position Water FY 2023 FY 2022 PERSONNEL SERVICE $ 765,900.00 $ 676,841.00 OPERATING SUPPLIES $ 62,700.00 $ 49,200.00 Operations 70% Fuel Increase CONTRACTUAL SERVICES $ 236,048.00 $ 284,430.54 Capital REPAIRS $ 228,300.00 $ 251,800.00 Front St 500,000 Gal. Storage Tank Rehab, est. cost $604,068 CR 2842 500,000 Gal. Storage Tank Rehab, est. cost $611,676 Vehicle Replacement Schedule 10 years CAPITAL EXPENDITURES $ 127,000.00 $ 158,500.00 DEBT $ - $ - TOTAL $ 1,419,948.00 $ 1,420,771.54 Percent Inc/(Dec) 0%
WATER UTILITY FUND - WASTEWATER Increase in Fuel Charges 70% Wastewater FY 2023 FY 2022 PERSONNEL SERVICE $ 178,203.00 $ 264,378.00 Additional funds for building repairs OPERATING SUPPLIES $ 37,700.00 $ 30,250.00 CONTRACTUAL SERVICES $ 169,404.79 $ 164,559.79 REPAIRS $ 135,690.66 $ 41,762.66 CAPITAL EXPENDITURES $ - $ - DEBT $ - $ - TOTAL $ 520,998.45 $ 500,950.45 Percent Inc/(Dec) 4%
MINEOLA ECONOMIC DEVELOPMENT CORP Economic Incentive MEDC FY 2023 FY 2022 PERSONNEL SERVICE $ 45,644.00 $ 43,991.00 $400,000 Park Central Road Extension OPERATING SUPPLIES $ 1,500.00 $ 1,000.00 $200,000 Holiday Inn Express FY 2023 CONTRACTUAL SERVICES $ 450,356.00 $ 413,348.10 Transfers to other fund REPAIRS $ 10,000.00 $ 10,000.00 CAPITAL EXPENDITURES $ 405,000.00 $ 3,000.00 * $20,000 Main Street DEBT $ - $ - $30,000 Marketing TOTAL $ 912,500.00 $ 471,339.10 $85,435 Natural Resources Percent Inc/(Dec) 94% $272,038 Debt Service *Park Central Road Extension
NATURAL RESOURCES Personnel Natural Resources FY 2023 FY 2022 Removed part-time employee at Peterson Park Street Department to take over PERSONNEL SERVICE $ 121,066.00 $ 126,481.00 OPERATING SUPPLIES $ 17,000.00 $ 12,300.00 CONTRACTUAL SERVICES $ 34,310.00 $ 35,155.00 Capital REPAIRS $ 6,995.00 $ 1,500.00 $450 for Windmill maintenance CAPITAL EXPENDITURES $ - $ 18,000.00 DEBT $ - $ - 70% Increase in Fuel Charges TOTAL $ 179,371.00 $ 193,436.00 Percent Inc/(Dec) -7%
MARKETING Mineola 150th Sesquicentennial Marketing FY 2023 FY 2022 Special Projects $12,450 Historical Museum Main Street Christmas D cor $5,000 Civic Center League of the Arts Chamber of Commerce Iron Horse Square Landmark Marker Program PERSONNEL SERVICE $ 76,163.00 $ 74,394.54 OPERATING SUPPLIES $ 700.00 $ 400.00 $1,000 CONTRACTUAL SERVICES $ 70,187.00 $ 50,205.46 REPAIRS $ - $ - $1,000 $450 $2,000 $1,000 $2,000 CAPITAL EXPENDITURES $ - $ - DEBT $ - $ - TOTAL $ 147,050.00 $ 125,000.00 Percent Inc/(Dec) 18%
COUNCIL RECOMMENDATIONS Mayor Lankford Begin process for bridge over railroad track Increase street budget, Intersections need to be addressed & potholes Mitchell Tuck Street Improvements Sue Jones Labor salaries Leaf & Limb pickup Street Improvements Flex account for employees
