TRANSMITTAL LETTER FOR SPECIAL MEETING OF DECEMBER 12, 2013
COMMITTEE ON BUDGET AND EMPLOYMENT
Mr. David St. Pierre, Executive Director
Title
Authority to Amend the Tentative 2014 Budget (As Revised)
Body
Dear Sir:
The attached Changes to the Tentative 2014 Budget Recommendations (BF-20 budget forms) are submitted for your consideration during adoption of the Budget on December 12, 2013. Requested changes to appropriations are summarized in the table below:
FUND DEPARTMENT NET CHANGE
CORPORATE Monitoring & Research $0
Human Resources 200,000
Information Technology 0
Finance 0
Engineering 68,700
Maintenance & Operations (268,700)
TOTAL CORPORATE FUND $0
CONSTRUCTION ($694,000)
CAPITAL IMPROVEMENTS BOND $18,176,000
STORMWATER MANAGEMENT $0
BOND REDEMPTION & INTEREST $61,800
RETIREMENT $0
RESERVE CLAIM $0
The 2014 total appropriation request is $1,218,265,714, including these requested changes. These requested changes represent an increase of $17,543,800 from the Tentative Budget. Compared to the 2013 total appropriation of $1,155,064,990, this represents an increase of $63,200,724 or 5.5 percent.
The estimated total tax levy for the 2014 Budget of $540,255,741 remains unchanged from the Tentative Budget. Compared to the 2013 total adjusted levy of $515,590,335, this represents an increase of $24,665,406 or 4.8 percent.
The Corporate Fund total appropriation request remains unchanged from the Tentative Budget at $394,046,800. Compared to the 2013 Corporate Fund total appropriation of $383,607,900, this represents an increase of $10,438,900 or 2.7 percent.
The Construction Fund total appropriation request is $53,306,000, a decrease of $694,000 from the Tentative Budget. The decrease is primarily due to deferrals of projects and revised expenditure estimates for various projects. Compared to the 2013 Construction Fund appropriation of $40,811,900, this represents an increase of $12,494,100 or 30.6 percent.
The Capital Improvements Bond Fund total appropriation request is $386,208,300, an increase of $18,176,000 from the Tentative Budget. The increase is primarily due to the delayed award of Contract 06-158-3S, Des Plaines River Intercepting Sewer Rehabilitation, SSA until 2014, and the reclassification of two additional capital projects from the Stormwater Management Fund. Compared to the 2013 Capital Improvements Bond Fund appropriation of $349,648,800, this represents an increase of $36,559,500 or 10.5 percent.
The Stormwater Management Fund total appropriation request remains unchanged from the Tentative Budget at $50,814,900. Compared to the 2013 Stormwater Management Fund appropriation of $61,251,000, this represents a decrease of $10,436,100 or 17.0 percent.
The Bond Redemption & Interest Fund total appropriation request is $194,905,714, an increase of $61,800 from the Tentative Budget. The increase is due to a revised 2014 loan payment estimate for a State Revolving Fund Loan. Compared to the 2013 Bond Redemption & Interest Fund appropriation of $192,984,390, this represents an increase of $1,921,324 or 1.0 percent.
The Retirement Fund total appropriation request remains unchanged from the Tentative Budget at $74,984,000. Compared to the 2013 Retirement Fund appropriation of $64,761,000, this represents an increase of $10,223,000 or 15.8 percent.
The Reserve Claim Fund total appropriation request remains unchanged from the Tentative Budget at $64,000,000. Compared to the 2013 Reserve Claim Fund appropriation of $62,000,000, this represents an increase of $2,000,000 or 3.2 percent.
The total number of positions requested for 2014 is 1,961, a net increase of 34 positions from 2013. This is a decrease of one position from the Tentative Budget.
Revised Tentative Budget pages 10 and 11 provide account and personnel summary comparison changes. Revised Tentative Budget pages 12 - 14 provide detailed summaries of the changes in revenues, expenditures, and net assets appropriable for 2014 budgeted and 2013 estimated.
The project lists for the Construction Fund, Tentative Budget pages 54 and 55, the Capital Improvements Bond Fund, Tentative Budget pages 58 and 59, and the Stormwater Management Capital Improvements Bond Fund Program, Tentative Budget page 60, have been revised to reflect changes.
Revised Executive Director's Recommendations Budget pages 87 - 88, 92 - 94, 100 - 102, 104, and 551 provide revised budget financial schedules for the Corporate Fund, Capital Improvements Bond Fund, Construction Fund, Stormwater Working Cash Fund, Bond Redemption & Interest Fund, and the Retirement Fund.
The attached BF-20 budget forms (pages 1 through 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 Manager, EMc:BKS
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 12, 2013
Attachments
1. Revised Tentative Budget pages 10 - 14, 54 - 55, and 58 - 60, dated December 3, 2013
2. Revised Executive Director's Recommendations Budget pages 87 - 88, 92 - 94, 100 - 102, 104, and 551, dated December 3, 2013
3. BF-20 budget forms pages 1 - 14, dated December 3, 2013