VAN BUREN CHARTER TOWNSHIP DASHBOARD

Transcription

1 VAN BUREN CHARTER TOWNSHIP DASHBOARD Fiscal Stability Progress Annual General Fund expenditures per capita Fund balance (General Fund only) as % of annual General Fund Expenditures 64.77% 67.45% Fund balance (General Fund and Landfill) as % of annual General Fund Expenditures 64.77% 67.45% Bond Ratings (Standard and Poor's ratings) AA- AA- Unfunded OPEB liability as a % of General Fund revenue 47.88% 57.45% Debt burden per capita (All non-water/sewer related outstanding debt) 1,174 1,184 Ratio of full time employees to retirees Number of services delivered via cooperative venture Public Safety Progress Violent crimes Non-Violent crimes Traffic crash injuries or fatalities Traffic crash non-injury Quality of Life Progress Percent of General Fund budget committed to arts, culture and recreation 6.09% 5.42% Acres of park, recreation and open space available to community Percent of residential community with curbside recycling (provided free of charge) 100% 100% Economic Strength Progress % of community with access to high speed broadband - (via private or public accessability) 100% 100% % of community age 25+ with BS or higher 26.80% 26.80% Average age of critical infrastructure (years) Transparency Progress Number of Township Meetings telecast on Cable Channel VBTV General Budget on-line Yes Yes Special Revenue Budgets on-line Yes Yes Live Cast Board Meeting on G-TV12 Yes Yes Tape and Replay Committee Meetings on G-TV Meetings available online via Live Stream 6 48 Township Audit on Website Yes Yes

2 Taxes Licenses & permits from Federal Govt. from State Govt. Charges for services Fines & forfeitures Interest income Other revenue CITIZENS' GUIDE TO LOCAL UNIT FINANCES - Van Buren Township 1. Where our money comes from (all governmental funds) 2. Compared to the prior year REVENUES Taxes Licenses & permits from Federal Govt. from State Govt. Charges for services Fines & forfeitures Interest income % change Taxes $ 4,400,676 $ 4,035,415-8% Licenses & permits $ 361,292 $ 361,753 0% from Federal Govt. $ 131,315 $ 88,090-33% from State Govt. $ 2,209,906 $ 2,304,625 4% Charges for services $ 826,522 $ 686,276-17% Fines & forfeitures $ 647,244 $ 753,129 16% Interest & rent $ 143,785 $ 80,807-44% Other revenue $ 4,446,198 $ 5,000,809 12% $ 13,166,938 $ 13,310,904 1% Other revenue 3. Revenue sources per capita - compared to the prior year 4. Historical trends of individual sources ,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, Commentary: Interest rate yields peaked in the 3rd quarter of 2007 and significantly dropped starting in the 1st quarter of 2008 to the present. A significant portion of "Other Revenue" is due to the annual tranfer of funds from the Landfill Fund to the General Fund, primarily to supplement Public Safety. For more information on our unit's finances, contact Sean Bellingham at x9214.

3 General government Police & fire Other public safety Other public works Community & economic development Recreation & culture Insurance and other Debt service CITIZENS' GUIDE TO LOCAL UNIT FINANCES - Van Buren Township 1. Where we spend our money (all governmental funds) 2. Compared to the prior year General government Police & fire Other public safety Other public works Community & economic development Recreation & culture % change General government $ 2,018,361 $ 2,115,592 5% Police & fire $ 8,371,760 $ 8,144,185-3% Other public safety $ 481,223 $ - #DIV/0! Other public works $ 294,014 $ 231,062-27% Community & economic developm$ 173,057 $ 177,369 2% Recreation & culture $ 809,485 $ 725,393-12% Insurance and other $ 628,170 $ 644,705 3% Debt Service $ 449,046 $ 640,564 30% total expenditures $ 13,225,116 $ 12,678,870-4% EXPENDITURES Insurance and other 3. Spending per capita - compared to the prior year 4. Historical trends of individual departments: ,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, Commentary: For more information on our unit's finances, contact Sean Bellingham at x9214.

4 CITIZENS' GUIDE TO LOCAL UNIT FINANCES - Van Buren Township 1. How have we managed our governmental fund resources (fund balance)? 2. Compared to the prior year 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 FINANCIAL POSITION % change Revenue 13,166,938 13,310,904 1% Expenditures 13,225,116 12,678,870-4% Surplus (shortfall) (58,178) 632, % Fund balance, by component: Restricted 736, ,235 17% Assigned 4,431,035 3,997,181-10% Undesignated fund balance 3,255,386 4,198,202 29% total fund balance 8,422,584 9,054,618 8% Total Revenue Total Expense Total Fund Balance 3. Fund balance per capita - compared to the prior year 4. Historical trends of individual components ,000, ,000, ,000, ,000,000 4,000, ,000, Undesignated fund balance Assigned Restricted Undesignated fund balance Assigned Restricted Commentary: For more information on our unit's finances, contact Sean Bellingham at x9214.

5 CITIZENS' GUIDE TO LOCAL UNIT FINANCES - Van Buren Township OTHER LONG TERM OBLIGATIONS 1. Pension funding status 2. Retiree Health care funding status 3. Percent funded - compared to the prior year 14,000,000 25,000,000 80% 12,000,000 10,000,000 8,000,000 20,000,000 15,000,000 78% 76% 6,000,000 4,000,000 10,000,000 74% 72% 2,000,000 - Dec-08 Dec-09 Dec-10 Dec-11 Assets Actuarial Liability 5,000,000 - Dec-09 Dec-10 Dec-11 Assets Actuarial Liability 70% 68% Pensions 12/31/ /31/ /31/ Long Term Debt obligations: 5. Debt & other long term obligations per capita - compared to the prior year 12,000, ,000,000 8,000,000 6,000,000 4,000,000 Net other postemployment benefits Employee compensated absences Net other postemployment benefits Employee compensated absences Structured debt 2,000,000 Structured debt Commentary: For more information on our unit's finances, contact Sean Bellingham at x9214.

6 GENERAL FUND BUDGET PROJECTION - VAN BUREN CHARTER TOWNSHIP AMENDED AND PROPOSED BUDGETS NOT BOARD APPROVED Revenue Taxes 790, ,500 Public Safety Revenue 3,360,000 3,400,000 Licenses & permits 329, ,650 Trailer Fees 8,850 8,850 from State Govt. 2,260,424 2,269,700 Charges for services 695, ,950 Fines & forfeitures 1,037,808 1,037,808 Interest & rent 40,000 40,000 Other revenue 1,037,572 1,073,161 Transfers in 3,798,593 4,462,899 Total Revenue 13,358,847 14,128,518 Expenditures Township Board 303, ,394 Supervisor's Office 232, ,010 Elections 72, ,942 Accounting 62,500 70,000 Attorney 270, ,000 Clerk's Office 383, ,678 IT Department 197, ,445 Assessing 228, ,654 General Office 75,500 90,500 Treasurer's Office 291, ,825 Buildings & Grounds 986,399 1,048,235 Cemetery 6,850 10,350 Police Department 5,458,491 5,425,311 Dispatch 791, ,312 Animal Control 62,250 63,000 Fire Department 1,501,444 1,898,344 Planning/Building Dept 695, ,760 Public Services 230, ,000 Community Services 120, ,250 Recreation Department 286, ,875 Senior Citizens Dept 187, ,768 Cable Department 68,290 80,995 Park & Lake Department 167, ,170 Dam-French Landing 2,200 2,200 Insurance and Fringes 677, ,500 Total Expenditures 13,358,847 14,128,518 Anticipated expenditure variance from budget Anticipated total expenditures 13,358,847 14,128,518 Surplus (shortfall) - - Financial position - General Fund Beginning fund balance 4,008,956 3,355,044 Ending fund balance 3,355,044 1,936,826 Amended Proposed Informational Comments Because budget appropriations are a maximum, we typically spend about 2-5%% less than budget. ASSUMPTIONS USED IN GENERATING SECOND YEAR PROJECTION "Transfers In" include transfers from both the Landfill and 911 Funds. Also include "transfers" from General Fund Balance Reserves in order to balance budget Proposed budget is in the preliminary stages. Proposed departmental expenditures have been prepared and submitted, for discussion between management and the Township Board. Proposed expenditures will undoubted be reduced in order to minimize the use of General Fund Balance Reserves. Assumed transfers from both Landfill and 911 Funds would remain the same for 2013 amended and 2014 proposed. Contact information: For more information on our unit's finances, contact Sean Bellingham at ( ext 9214)

7 Van Buren Township Detailed Debt Schedule 12/31/ SHV Sewer Bond SHV Plant Expansion Bond # SRF Loan #5117-Local 11 Issuance Date Issuance Amt 7,685, , ,630 Repayment Source Water/Sewer Water/Sewer Water/Sewer Principal Interest Principal Interest Principal Interest ,720 78,372 20,296 12,130 10, ,485 69,332 21,076 11,417 15, ,710 60,096 21,857 10, ,475 50,630 22,637 10, ,701 40,968 22,637 9, ,926 31,074 23,418 9, ,152 20,950 24,199 8, ,001 10,598 24,979 7, ,979 7, ,760 6,714 Subtotal ,381,079 62, ,335 39, ,540 6, ,321 5, ,102 4, ,882 3, ,663 3,250 Subtotal ,508 23, ,443 2, ,443 1, , , Subtotal ,294 5, Subtotal ,483, , , ,181 25, Page 1 of 14

8 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source SRF Project # SRF Project # SRF Project # , , Water/Sewer Water/Sewer Water/Sewer Principal Interest Principal Interest Principal Interest 2, ,788 1,296 55,884 7,978 2, , ,015 6,722 19, ,453 5,438 59,685 4,124 61,124 2, Subtotal ,459 1, ,459 1, Subtotal Subtotal Subtotal , ,608 2, ,620 28,448 Page 2 of 14

9 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source SRF Project # , 19, 21 SRF Project # SRF Project # ,655 12,951 2,227 Water/Sewer Water/Sewer Water/Sewer Principal Interest Principal Interest Principal Interest 5, , , , , Subtotal , Subtotal Subtotal Subtotal ,812 1,738 5, Page 3 of 14

10 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source SRF Project # SRF Project # SRF Project # ,738 73,696 87,757 Water/Sewer Water/Sewer Water/Sewer Principal Interest Principal Interest Principal Interest 4, , , , , , , , , , , , , , , Subtotal , , , , , , , , , , Subtotal Subtotal Subtotal ,517 4,002 33,516 3,484 30,624 2,454 Page 4 of 14

11 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source SRF Project # SRF Project # SRF Project # , ,041 2,491 Water/Sewer Water/Sewer Water/Sewer Principal Interest Principal Interest Principal Interest 13,162 2,200 5,882 1, ,475 1,904 5,995 1, ,788 1,602 6,221 1, ,102 1,292 6, , , Subtotal , , , , , , , ,827 1, Subtotal Subtotal Subtotal ,808 8,940 58,821 6,871 1, Page 5 of 14

12 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source Series B-Partial Completion Bonds 99 Series A Refunding Bonds ,579 73,540 11,689,339 Water/Sewer Water/Sewer water/sewer SRF Project # Sewer Cap Imp Bonds Principal Interest Principal Interest Principal Interest 17,293 6,088 8, , ,376 18,899 5, , ,683 19,088 4, , ,826 20,127 3, , ,808 21,167 2, , , Subtotal ,206 1, , , ,000 92, ,000 83, ,000 73, ,000 63,283 22,206 1, ,025, , Subtotal ,000 51, ,000 42, ,000 32, ,000 21, ,339 10, ,269, , Subtotal Subtotal ,780 22,136 8, ,069,339 1,221,864 Page 6 of 14

13 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source Water Meter Loan DR Fine Screen Installment Purchase 2005 SRF Loan Primary Tank Revenue Bond ,676,097 65,975 70,319 wat/sewer Water/Sewer water/sewer Principal Interest Principal Interest Principal Interest 268,653 62,136 3,982 1,008 2,896 3, ,068 50,721 4, ,077 2, ,968 38,821 4, ,258 2, ,233 26,415 4, ,349 2, , ,530 2, Subtotal , ,801 2,168 4, ,892 2,012 4, ,073 1,847 4, ,254 1,673 4, ,435 1, ,355 2,658 20,455 9, Subtotal , ,616 1,293 4, ,797 1,084 4, , , , , , ,251 4, Subtotal , , Subtotal ,021, ,093 62,087 7,827 67,518 27,028 Page 7 of 14

14 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source Downriver SRF Project # SRF Project # Completion Bond A Revenue Bonds B Revenue Bonds , , ,684 water/sewer water/sewer Water/Sewer Principal Interest Principal Interest Principal Interest 4,380 4,814 7,874 4,415 9,050 4,935 4,633 4,596 8,055 4,218 9,231 4,706 4,887 4,328 8,236 4,017 9,503 4,472 5,140 4,084 8,507 3,811 9,684 4,232 5,358 3,866 8,688 3,598 9,955 3, Subtotal ,611 3,598 8,960 3,381 10,227 3,734 5,901 3,318 9,231 3,157 10,498 3,475 6,190 3,022 9,412 2,926 10,679 3,210 6,516 2,712 9,593 2,691 10,951 2,940 6,842 2,388 9,865 2,451 11,222 2,663 31,060 15,038 47,061 14,606 53,577 16, Subtotal ,168 2,028 10,136 2,205 11,584 2,378 7,566 1,652 10,408 1,951 11,856 2,085 7,964 1,254 10,589 1,691 12,127 1,785 8, ,860 1,426 12,399 1,479 8, ,123 1,155 12,761 1,164 39,820 6,228 53,116 8,428 60,727 8, Subtotal , , , , , , ,061 1,768 40,182 1, Subtotal ,278 42, ,598 44, ,909 48,770 Page 8 of 14

15 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source SRF Project # SRF Project # SRF Project # C Revenue Bonds D Revenue Bonds Water Cap Imp Bonds ,129 71,734 6,645,000 Water/Sewer Water/Sewer water/sewer Principal Interest Principal Interest Principal Interest 3,349 1,680 3,258 1, , ,124 3,349 1,596 3,349 1, , ,126 3,439 1,511 3,349 1, , ,876 3,530 1,424 3,439 1, , ,500 3,620 1,335 3,620 1, , , Subtotal ,711 1,243 3,711 1, , ,250 3,801 1,149 3,801 1, , ,376 3,892 1,053 3,892 1, ,000 93,250 4, ,982 1, ,000 84,874 4, , ,000 76,376 19,640 5,250 19,459 5,519 1,665, , Subtotal , , ,000 67,624 4, , ,000 58,626 4, , ,000 49,374 4, , ,000 40,000 4, , ,000 30,376 22,264 2,628 22,354 2,952 1,885, , Subtotal , , ,000 20,500 4, , ,000 10,374-9, , ,000 30, Subtotal ,875 15,667 68,766 16,610 5,845,000 1,400,626 Page 9 of 14

16 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source Downriver Treatment Plant Improvement Bonds DDA Revenue Refunding ,346 4,900,000 water/sewer DDA Principal Interest Principal Interest - 4, , ,048 10,046 4, , ,125 10,227 4, , ,325 10,498 4, , ,425 10,770 3, , , Subtotal ,041 3, , ,425 11,313 3, , ,275 11,584 2, , ,825 11,946 2, , ,225 12,218 2, , ,475 58,102 14,688 1,095, , Subtotal ,489 2, , ,575 12,851 1, ,000 92,475 13,123 1, ,000 84,206 13,485 1, ,000 75,600 13, ,000 66,656 65,795 6,954 1,280, , Subtotal , ,000 57, ,000 46, ,000 35, ,000 24, ,000 12,375 8, ,530, , Subtotal ,350 43,388 4,900,000 1,901,336 Page 10 of 14

17 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source DDA Revenue Refunding 2005B LDFA Bond Capital Appreciation ,440,000 6,589,656 DDA LDFA Principal Interest Principal Interest 605,000 63, ,000 33, Subtotal Subtotal , , ,231 1,239, ,075 1,335, ,809 1,432, ,293 1,529, ,013,267 6,446, Subtotal ,818 2,058, ,613 2,140, ,849 2,220, ,806 2,301, ,303 2,383, ,576,389 11,103, Subtotal ,265,000 96,250 6,589,656 17,550,344 Page 11 of 14

18 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source LDFA Bond Refunding Series 2006 Cap Improve Bond Debt Service ,200,000 5,165,000 LDFA General Fund Principal Interest Principal Interest 125, , , , , , , , , , , ,934 1,430, , , ,608 1,560, , , , Subtotal ,685, , ,000 86,102 1,800, , ,000 70,406 1,930, , ,000 54,468 2,065, , ,000 36,968 2,245, , ,000 18,812 9,725,000 2,250,402 1,985, , Subtotal , , , , , , , , , , ,090, , Subtotal ,000 95, ,000 81, ,000 65, ,075,000 48, ,125, , Subtotal ,765,000 7,203,529 3,605, ,504 Page 12 of 14

19 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source Totals Principal Interest 2,911,274 1,656,426 3,018,063 1,587,415 2,841,802 1,489,619 3,609,593 1,380,802 3,608,116 1,232, Subtotal ,778,014 1,110,038 3,854, ,616 4,032, ,412 3,723, ,161 3,937, ,070 19,325,802 4,152, Subtotal ,294,975 1,325,474 2,416,194 1,608,125 2,401,703 1,654,927 2,417,192 1,702,670 2,316,056 1,751,277 11,846,120 8,042, Subtotal ,830,551 2,234,338 1,834,620 2,279,837 1,420,588 2,321,498 2,078,806 2,373, ,303 2,396,072 8,160,868 11,605, Subtotal ,321,638 31,146,576 Page 13 of 14

20 Van Buren Township Detailed Debt Schedule 12/31/12 Issuance Date Issuance Amt Repayment Source GOVERNMENTAL TOTALS WATER/SEWER TOTALS COMPONENT UNITS TOTALS Principal Interest Principal Interest Principal Interest 300, ,334 1,691, , ,000 1,020, , ,334 1,744, , ,000 1,005, , ,934 1,768, , , , , ,608 1,667, ,440 1,630, , , ,538 1,520, ,434 1,760, , Subtotal ,000 86,102 1,546, ,029 1,890, , ,000 70,406 1,488, ,075 2,015, , ,000 54,468 1,507, ,079 2,150, , ,000 36,968 1,043, ,678 2,290, , ,000 18,812 1,058, ,859 2,475, ,113 1,985, ,756 6,644,137 1,071,720 10,820,000 2,853, Subtotal ,080, ,618 1,240,859 1,194, ,103, ,893 1,340,231 1,496, ,120,730 94,665 1,309,075 1,564, ,143,265 72,098 1,302,809 1,634, ,155,426 49,039 1,190,293 1,705, ,603, ,313 6,383,267 7,596, Subtotal ,176 25,655 1,376,818 2,211, ,450 13,500 1,384,613 2,268, ,963 1,439 1,394,849 2,321, , ,078,806 2,373, ,303 2,396, ,022,773 40,882 7,231,389 11,570, Subtotal ,605, ,504 21,662,622 3,615,794 30,519,656 26,751,459 Page 14 of 14

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