Members probably won’t have a lot to say about it Monday night, but the Commerce City Council is expected to approve a $26 million budget for the 2014-15 fiscal year.
The council meets at 6 p.m. in the Commerce Room of the Commerce Civic Center.
Passage is all but a foregone conclusion. City manager Pete Pyrzenski, finance director James Wascher and various department heads went over the budget department by department at the council’s May “work session,” and the council got just one comment at a public hearing June 2.
The budget is balanced.
The FY 2014-15 document is up 3.7 percent over the current budget. However, the proposed budget is up 23 percent over projected actual spending for the current fiscal year, which ends June 30.
On the revenue side, the city projects income of $6.35 million from the General Fund, $4.23 million from water and sewer systems, $6.4 million from its electric department and almost $4 million from its gas funds.
Pyrzenski termed those numbers as “flat,” compared to this year’s budget, during the May work session.
Property tax revenue is also flat. The budget line item of $666,667 is exactly the same as in the current budget and just $400 over the same line item in the 2012-13 budget. It indicates no property tax increase is planned.
Funding for city departments other than the utilities comes through the General Fund. The General Fund budget anticipates the $666,667 in property tax revenue, $1.77 million in other taxes and fees, intergovernmental transfers of $1.83 million (up about $140,000), $121,100 in licenses and permits, $701,641 in service fees, $269,423 from utility fees and $524,700 in fines and forfeitures, plus lesser amounts from library fees, building rental and recreation fees, planning and development fees and $317,000 in “other financing sources.”
The overall General Fund budget is up by 6.5 percent. That budget anticipates transfers from the gas and electric funds of $330,685 and $484,371 respectively, but projected actual transfers from those funds in the current fiscal year are far below that — $163,343 and $282,550 respectively. The less the city has to move out of those funds into its General Fund, the sooner the gas and electric fund reserves can be rebuilt, so if 2014-15 transfers are below the budgeted amount, officials will be happy.
For the full agenda of the Commerce City Council, see the June 11 issue of The Commerce News.