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2020 Presentation Mary May T. Antonio BSA-2A: Budget Proposal

The document provides an overview of the town's proposed 2020 budget. It discusses using new budgeting software to improve the budgeting process. It outlines key services, projects, and improvements for 2020 including fully funding reserves, reinstating bus service, building new bus shelters and trails, conducting road improvements, completing a regional trail, and investing in special events. It also discusses developing a multi-modal transportation plan, evaluating communications, forming arts and economic committees, updating the comprehensive plan, and conducting a community survey. Overall revenues are projected to increase by 2.5% over 2019 with expenditures rising 2.9%.

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TineTine Tamayo
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81 views

2020 Presentation Mary May T. Antonio BSA-2A: Budget Proposal

The document provides an overview of the town's proposed 2020 budget. It discusses using new budgeting software to improve the budgeting process. It outlines key services, projects, and improvements for 2020 including fully funding reserves, reinstating bus service, building new bus shelters and trails, conducting road improvements, completing a regional trail, and investing in special events. It also discusses developing a multi-modal transportation plan, evaluating communications, forming arts and economic committees, updating the comprehensive plan, and conducting a community survey. Overall revenues are projected to increase by 2.5% over 2019 with expenditures rising 2.9%.

Uploaded by

TineTine Tamayo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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BUDGET PROPOSAL

2020 PRESENTATION
Mary May T. Antonio
BSA-2A
2020 BUDGET PRESENTATION
Town Manager Introduction
 2020 Proposed Budget Overview

Finance Director Presentation


 Summary of Major Services, Improvements & Projects
Finance Director Presentation

 2020 Financial Overview of Town Funds and Departmental


Highlights
2020 PROPOSED BUDGET OVERVIEW
1st Year Using Power Plan to prepare the Budget
• Budget Process Tracking & Documentation
• Shortened Budgeting and Forecasting Cycle
• Better Structure and Control
• Data Extract Tools
• Data Analysis and Reporting Tools
• Spending Patterns
• Analytics: Improved Management of Key Performance
Indicators
For Prioritized Based Budgeting
• Multi-year Budgets: 2021 Forecast
2020 PROPOSED BUDGET OVERVIEW
Adopted Town Plans
The 2020 – 21 Strategic Plan
 Business-like Practices – High Performance Culture
 Civic Engagement & Participation
 Stakeholder & Regional Partnerships
 Infrastructure, Parks, Preserves, Trails & Sustainability
 Economic Development
 Land Use & Development
 Water Issues

 Grab the Bull by the Horns Opportunities

Situational Analysis
Capital Investments
Revenue Projections
Balanced Budget
Fund Balances & Reserves
SUMMARY OF MAJOR SERVICES, IMPROVEMENTS & PROJECTS
2020-2021 BUDGET

ALL RESERVES FULLY FUNDED


Total Discretionary: 10,000,000
Capital Projects Fund: 3,000,000

THE REINSTATEMENT OF YEAR-ROUND SERVICE


FOR THE BUFFALO RIDGE APARTMENTS: 300,000

The Black Line is split into the Red and Blue Line providing 20 minute service
throughout the Avon core and Village at Avon commercial areas
*Service is planned to begin on November 30, 2019 (24,000)

NEW BUS SHELTERS: 360,000

Funded with staff written grants, Town match and ECO support.
Locations at Traer Creek, City Market & Christy Sports

NEW FACILITIES OPERATIONS AND MAINTENANCE FUNDED: 120,000


Utilities, trails maintenance, bronze statue maintenance
DEFERRED MAINTENANCE FUNDED: 743,000
Recreation Center refurbishment, concrete and sidewalk repairs,
crosswalk repair,painting of light poles and benches, noxious weed management, park
fence

ROAD & STREET IMPROVEMENTS: 7,400,000


Prioritized by condition, major improvements including slurry seals and rebuilds

TENANT FINISHES: THE SKIER BUILDING: 5,000,000


Planned opening as Town Hall in December 2020

COMPLETION OF THE EAGLE RIVER REGIONAL TRAIL: 5,600,000


Funding includes two staff obtained grants totaling $1,350,000; Town match
APRES AVON: 450,000
A Daily Street Fair of Music, Tastings & Spontaneity - February 3 – 14, 2020

INVESTMENT IN THE SUMMER ECONOMY – SPECIAL EVENT


FUNDING: 600,000
Three-year support to seed Signature Events on the Performance Pavilion & the Mall
RECREATION CENTER – BUSINESS PLAN
In addition to refurbishment of the building, implement business plan to update the brand,
improving and expanding programs and services. Goal: 90% cost recovery

DEVELOPMENT OF A MULTI-MODAL TRANSPORTATION & PARKING PLAN


Town of Avon, Beaver Creek Resort, Beaver Creek Metropolitan District,
Hoffmann Commercial Properties, Village at Avon, Eagle County
Sonoran Institute’s 2014 Mobility Institute

EVALUATION OF EFFECTIVE MUNICIPAL COMMUNICATION

FOR MATION OF CREATIVE ARTS DISTRICT & ECONOMIC

DEVELOPMENT COMMITTEES

COMMUNITY SURVEY

UPDATE OF THE COMPREHENSIVE PLAN

WILDFIRE MODULE: EAGLE RIVER FIRE DISTRICT


2020 BUDGET OVERVIEW

Previously Presented on September 9th

 Situational Analysis
• No changes as presented
 Revenues
• No change in assumptions as presented
• Increased Real Estate Transfer Tax for final revised 2014 budget by 200,00
 Personnel
• Continuing implementation of step program
• Adjusted salary ranges by market surveys (avg. 2.2% increase)
• Increased entry level salaries up to the 70% AMI benchmark
• Health benefits – no change
2020 BUDGET OVERVIEW

Previously Presented on September 9th

 Total Fund Balances - $13,822,585

 General Fund
• 3% TABOR Emergency Reserve
• 25% Minimum Fund Balance
• Special Events - $300,000

 Long-range CIP Plan


 2 million minimum unrestricted balance through 2024

• Community Grants Funding – 445,600(Budget


Memo Attachment 1)
Future Council Meetings

 October 28
 Budget Worksession (if needed)

 November 11
 Public Hearing and Budget Adoption
 Mill Levy Certification

Budget on file in Town Clerk’s Office and Avon Library


Posted on Avon’s website at www.avon.org
Total Expenditures

Operations

 General Fund - 11,970,692

 Town Center West - 456,625

 Water Fund - 265,238

 Transit - 1,869,598

 Fleet Maintenance - 1,688,919

 Debt Service - 2,051,276

 Capital Improvements and Equipment Replacement - 9,629,155

 Contingency - 200,000
Primary operating fund. Used to account for all activities not required to be
accounted for in some other fund.

Total Operating Revenues = 24,624,711

 2.5% increase from revised 2019 budget


 408,712 increase in sales and accommodation taxes
 8.4% increase from 2013 actuals
 776,562 increase in sales and accommodation taxes

Total Operating Expenditures = 21,970,692

 2.9% increase from revised 2019 budget


 13.3% increase from 2013 actuals

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