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File #: 18-1284    Version: 1
Type: Agenda Item Status: Adopted
File created: 12/6/2018 In control: Special Meeting
On agenda: 12/13/2018 Final action: 12/13/2018
Title: Authority to Amend the Tentative 2019 Budget
Attachments: 1. Consolidated BF-20 Packet.pdf

 

TRANSMITTAL LETTER FOR SPECIAL MEETING OF DECEMBER 13, 2018

 

COMMITTEE ON BUDGET AND EMPLOYMENT

 

Mr. Brian A. Perkovich, Executive Director

 

Title

Authority to Amend the Tentative 2019 Budget

Body

 

Dear Sir:

The attached Changes to the Tentative 2019 Budget Recommendations (BF-20 budget forms) are submitted for your consideration during adoption of the Budget on December 13, 2018. Requested changes to appropriations are summarized in the table below:

 

 

FUND                     DEPARTMENT                     NET CHANGE

CORPORATE                     General Administration                     $72,600

                     Monitoring & Research                     $0

                     Human Resources                      $0

                     Information Technology                     $0

                     Law                     $(99,300)

                     Finance                     $26,700

                     Maintenance & Operations                                              $0

                     Engineering                                 $0

                     TOTAL CORPORATE FUND                                      $0

 

CONSTRUCTION                                          $336,000

 

CAPITAL IMPROVEMENTS BOND                     $111,353,400

 

STORMWATER MANAGEMENT                     $0

 

BOND REDEMPTION & INTEREST                     $0

 

RETIREMENT                                          $0

 

RESERVE CLAIM                                                                                                     $0

 

 

The 2019 total tax levy is $642,783,809, an increase of $2,134,539 from the Tentative Budget. The increase is due to the addition of a new State Revolving Fund Loan for the McCook Reservoir Des Plaines Inflow Tunnel project. Compared to the 2018 total adjusted tax levy of $622,384,863, this represents an increase of $20,398,946, or 3.3 percent.

 

The 2019 total appropriation request is $1,203,988,541, including the requested changes. These requested changes represent an increase of $111,689,400 from the Tentative Budget. Compared to the 2018 total adjusted appropriation of $1,151,051,387, this represents an increase of $52,937,154, or 4.6 percent. The increase is due to changes in the Capital Improvement Program in both the Capital Improvements Bond Fund and the Construction Fund.

 

The Capital Improvements Bond Fund total appropriation request is $360,061,300, an increase of $111,353,400 from the Tentative Budget. This increase is due to a change in the project schedule for the Addison Creek Reservoir, the addition of civil structural and architectural engineering consulting services, and the addition of a project to rehabilitate utility tunnel cracks and expansion joints in the North Service Area. Compared to the 2018 Capital Improvements Bond Fund appropriation of $312,982,900, this represents an increase of $47,078,400, or 15.0 percent.

 

The Construction Fund total appropriation is $18,248,300, an increase of $336,000 from the Tentative Budget. This increase is primarily due to changes in the project schedules and cost estimates.  Compared to the 2018 Construction Fund adjusted appropriation of $26,080,600, this represents a decrease of $7,832,300 or 30.0 percent.

 

The Corporate Fund total appropriation request is $376,862,500, unchanged from the Tentative Budget. Compared to the 2018 Corporate Fund total adjusted appropriation of $370,209,200, this represents an increase of $6,653,300, or 1.8 percent.

 

The Stormwater Management Fund total appropriation request is $91,410,100, unchanged from the Tentative Budget. Compared to the 2018 Stormwater Management Fund adjusted appropriation of $65,581,000, this represents an increase of $25,829,100, or 39.4 percent.

 

The Bond Redemption & Interest Fund total appropriation request is $238,357,541, unchanged from the Tentative Budget. Compared to the 2018 Bond Redemption & Interest Fund adjusted appropriation of $256,304,187, this represents a decrease of $17,946,646, or 7.0 percent.

 

The Retirement Fund total appropriation request is $87,281,000, unchanged from the Tentative Budget. Compared to the 2018 Retirement Fund adjusted appropriation of $89,604,000, this represents a decrease of $2,323,000, or 2.6 percent.

 

The Reserve Claim Fund total appropriation request is $31,767,800, unchanged from the Tentative Budget. Compared to the 2018 Reserve Claim Fund adjusted appropriation of $30,289,500, this represents an increase of $1,478,300, or 4.9 percent.

 

The total number of positions requested for 2019 is 1,970, an increase of four positions from 2018. This number is a decrease from the Tentative Budget of three positions. From the 2018 budgeted Full Time Equivalents (FTEs), the Corporate Fund is decreasing by 24 FTEs, while the Stormwater Management Fund is increasing by 28 FTEs. The Stormwater Management Fund FTE count is increasing due to the transfer of 27 FTEs from the Engineering Department’s Local Sewer Systems Section and one Public Affairs Specialist from the Law Department.

 

Revised Tentative Budget pages 8-10 present changes to the appropriations, tax levies, and tax rates, along with Account Summary Comparison changes. Revised Executive Director’s Recommendations page 56 presents the Personnel Summary Comparison changes.

 

Revised Tentative Budget page 11 presents the revised 2017-2019 Summary of Revenue, Expenditures, and Net Asset Appropriable. Revised Tentative Budget page 12 presents the revised 2019 Budgeted Summary of Revenue and Expenditures. Revised Tentative Budget page 13 presents 2018 Estimated Summary of Revenue and Expenditures.

 

Revised Tentative Budget pages 15-16 present revised Capital Improvements Bond Fund Balance Sheet and Appropriable Revenue. Revised Tentative Budget page 17 presents the Construction Fund Balance Sheet.

 

The project lists for the Construction Fund, Capital Improvements Bond Fund, Stormwater Management Capital Improvements Bond Fund, and Stormwater Management Fund, Tentative Budget pages 52-53 and 56-58 and Executive Director’s Recommendations page 456 and 468-470, have been revised to reflect project changes.

 

The attached BF-20 budget forms (pages 1-14) detail all requested changes in appropriation and staffing.

 

The Executive Director’s Budget Recommendations and the Tentative Budget, which include all the budget related Ordinances in their entirety and the Report of the Committee on Budget and Employment adopted in Motion A, are available for review on the District’s website, www.mwrd.org <http://www.mwrd.org>.

 

Requested, Eileen M. McElligott, Administrative Services Officer, SAR

Respectfully Submitted, Kari K. Steele, Chairman Committee on Budget and Employment

Disposition of this agenda item will be documented in the official Special Board Meeting Minutes of the Board of Commissioners for December 13, 2018

 

Attachments

1)  Revised Tentative Budget pages 8-13, 15-17, 52-53, and 56-58, dated December 5, 2018

2)  Revised Executive Director’s Recommendations Budget pages 56, 456, and 468-470, dated December 5, 2018

3)  BF-20 budget forms pages 1-14, dated December 5, 2018