CITY OF MILAN FY 2015-16 BUDGETMay 18, 2015

FUNDS OF THE CITY

• General Fund• Special Revenue Funds

• 911• Major Streets• Milan Youth Football• Rubbish Collection• Grant Fund• Drug Enforcement• Volunteers in Police Services

FUNDS OF THE CITY

• Debt Service Funds• Northside SAD Debt Service• Arkona Road Reconstruction SAD Debt Service• Arkona Road Traffic Control Imp SAD Debt• Southside Trunk Sewer SAD Debt• Uptown Village Special Assess District

• Capital Project Funds• Pavilion• Capital Improvement Fund

FUNDS OF THE CITY

• Enterprise Funds• Mooreville Sewer Fund• Water Fund• Sewer Fund• Storm Sewer Fund

• Component Units• Economic Development Corp Fund• Downtown Development Authority• Brownfield Redevelopment Authority

FUNDS OF THE CITY

• Trust and Agency Funds• Trust and Agency Fund• Delinquent Tax Fund• Monroe County Tax Fund• Washtenaw County Tax Fund• Mobile Home Specific Tax• Payroll Clearing Fund

FUNDS OF THE CITY

• 17 funds will be closed with the FY 15-16 Budget.

• Five funds were closed this year.

GENERAL FUND• Covers the majority of city operations, including

Police, Fire, Department of Public Works, City Hall, Building Department, Parks and Recreation, Senior Citizen services, maintenance, IT, Treasurer, Clerk, etc.

• Current FY 2014-15 budget was amended on April 27th to reflect a decrease in revenues of $265,000 which was due to an error occurring in 2014.

• As a result of the error in revenues recently discovered, $172,517 in fund balance is being used to balance the FY 2015-16 budget.

• General Fund will is budgeted to end with a fund balance of over $1,000,000.

MAJOR AND LOCAL STREETS

• Covers maintenance, snow removal, and reconstruction of streets.

• Primarily funded through state revenue.• Grant funding received for North Street and

Platt Rd/Redman intersection improvements.

• 1 mil proposed for additional city funding.• Major streets FY 2015-16 estimated ending

fund balance of $112,327• Local streets FY 2015-16 estimated ending

fund balance of $37,447

MAJOR AND LOCAL STREETS

• Street Projects for FY 2015-16• Redman Rd./S.Platt Rd. intersection

improvement• North St. between First St. and E Michigan Ave.• Ferman St. between E. Second St. and

E. Michigan Ave.• Ann St. between North St. and Ferman St.• Corrective action on Wabash Rd. (in conjunction

with the Monroe County Road Commission).• Crack sealing will continue in FY 2015-16

MILLAGE RATES

• 15.4 City operations (1 mil to the street funds)

• .5 Senior Millage (voter approved)

10.3304

13.1555

15.7594 15.9 16.211417.1501

21.2574

23.4814

Millage rates with 1 mill for streets

Luna Pier Chelsea Saline Milan Monroe Ann Arbor Petersburg Ypsilanti

STREET MILLAGE

• This only fulfills approx. ¼ of the funding gap identified in our asset management plan to keep the majority of our roads in ‘good’ to ‘fair’ condition.

• Other sources of funding are still needed• The city will continue to aggressively seek

grant funding.• State action is still pending.

STREET MILLAGE

• Consequences of not including 1 mil towards streets in FY 2015-16:• Over $60,000 from general fund balance

would be needed to cover expenses in this fund, resulting in the general fund balance dipping below $1,000,000 and/or,

• A street project or projects would need to be cancelled.

OTHER RATES

• Water/Sewer • Rates remain the same for city users.• Rates will be adjusted for non-city users to

be consistent with city code.• Rubbish fee remains the same.• Tap-in fees remain unchanged.