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City Council

~ Agenda ~

City Hall, Second Floor


Rockford, IL 61104

Strategic Planning Session

http://www.rockfordil.gov/

Tuesday, May 31, 2016


5:30 PM
The following represents, in general, the chronological order of proceedings at the City
Council/Committee Meetings: Call to Order, Invocation, Pledge of Allegiance, Public Speaking
and City Council/Committee Agendas.
I.

CALL TO ORDER

1.
II.

III.

Invocation and Pledge of Allegiance

PUBLIC HOUSING UPDATE

1.

Discussion of the work of the Special Committee on Housing

2.

Review of billing on housing matters and plan for expenditures fy 2016

CLOSED SESSION

1.

Pending/Threatened Litigation

IV.

CITY WEBSITE UPDATE- GRAHAM SPENCER

V.

CRIME AND PUBLIC SAFETY

VI.

FINANCIAL DISCUSSION
1.

VII.

5 Year General Fund Projection

CAPITAL PROGRAM STATUS UPDATE

VIII. ADJOURNMENT
THE CITY OF ROCKFORD INTENDS TO COMPLY WITH THE INTENT AND
SPIRIT OF THE AMERICANS WITH DISABILITIES ACT. IF A SIGN LANGUAGE
INTERPRETER, PERSONAL P.A. SYSTEM, OR OTHER SPECIAL
ACCOMMODATIONS ARE NEEDED, PLEASE CALL THE LEGAL DEPARTMENT
AT (779) 348-7391 AT LEAST 48 HOURS IN ADVANCE, SO WE CAN BE PREPARED
TO ASSIST YOU

Generated 5/26/2016 4:16 PM

DATE:

May 31, 2016

TO:

Mayor Morrissey
City Council

FROM:

Carrie Eklund, Interim Finance Director

RE:

Five Year General Fund Projection

The expense projection for 2017 includes the following major adjustments. Some one-time
budget adjustments are removed, namely health insurance premium reductions and the
transfer from the Sanitation fund. An error in historical distribution of replacement tax funds
from the State will have to be repaid beginning in 2017. We have not yet received direction
from the State on the timeframe for recapture of the funds, so we are assuming that the full
amount will be repaid over the 2017 fiscal year. Capital equipment purchases are assumed to
cease for the time period, as existing lease commitments are met and retired. IMRF and
pension fund contributions are known at this time and updated in the projection.
Assumptions for the five year projection include 2% wage adjustments annually for each
bargaining unit and non-represented staff. In addition, step and longevity increases are
projected at approximately $200,000 for each Police and Fire, and 1% of all salaries for
AFSCME. Projections for fringe benefits vary, 5% going forward in health charges, 0%-2% for
workers comp charges, 0%-3% for parking charges, 2% for IMRF, and 7.5% for police and fire
pensions. General increases in contractual and supply accounts are assumed at 2.5%, based on
historical increases. The projection includes $330,000 annually in debt service for fire station 3
and assumes $820,000 in police facility expenses, depending on construction schedules for new
district facilities. The balance of debt service expenses will be paid by a new transfer from the
motor fuel tax fund.

YEAR
REVENUE
EXPENSE
NET

Attachment: 5 Yr Projection Memo 5-31-16 (3367 : 5 Year General Fund Projection)

6.1.a

2016
2017
2018
2019
2020
2021
BUDGET
PROJECTION PROJECTION PROJECTION
PROJECTION
PROJECTION
127,815,037 129,096,580 133,121,216 136,045,860 139,053,206 142,108,733
127,669,446 132,905,934 135,953,479 139,524,633 143,654,282 149,085,990
145,591
(3,809,354)
(2,832,263)
(3,478,773)
(4,601,076)
(6,977,257)

Temporary solutions utilized in previous years for both deficit solutions and property tax relief
are largely unavailable in 2017, as the funds with significant balances have been reduced over
time to reasonable levels. The sanitation fund is projected to end 2016 with a $2.27 million
fund balance (16% of expenditures). The health fund is projected to end 2016 on target with a
25% fund balance.

EXCELLENCE EVERYWHERE
Packet Pg. 2

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