4/30/2013 8:12:00 AM Director: Prescott Valley budget likely to be smaller in new fiscal year
Prescott Valley Tribune
The Town Council adopted a budget for the current fiscal year $266,269 smaller than the previous year, and is likely to continue that pattern for the fiscal year starting July 1.
The budget for 2013-14 probably will be smaller than the $66.7 million budget that the council adopted for the fiscal year ending June 30, Management Services Director Bill Kauppi said. The council will begin budget deliberations with workshops Wednesday and Thursday evenings.
"It is just a variety" of reasons, Kauppi said. He added operating expenses and capital projects requests will be down, with the capital projects budget dropping $2.2 million.
Kauppi said staff is proposing a 2 percent merit increase for employees, who have gone without raises for three or four years.
The town government also is reducing bond debt. The April newsletter from the town states overall debt dropped from $132.7 million five years ago to $94.2 million at the start of the current fiscal year.
The $94.2 million figure does not reflect bond refinancing that took place this past May or June, Kauppi said. Bond debt as of Monday totaled $84.5 million.
The town accumulated bond debt to finance street improvements, construction of the Civic Center and library, the Big Chino Water Ranch purchase and special assessments to complete the sewer and water program, the newsletter states. The town is paying back the loans from the General Fund, and water resource and impact fees.
Debt service will be one of several items that Kauppi and other town officials will talk about during the budget workshops, which will take place 5:30 p.m. Wednesday and Thursday in the library auditorium, 7401 E. Civic Circle. The council is on target to adopt a final budget June 27.
The workshops will begin at 5:35 p.m. Wednesday with a general overview from Kauppi and Town Manager Larry Tarkowski.
The schedule for Wednesday continues as follows:
6:15 to 6:30 p.m. - Tarkowski on the council budget.
6:30 to 6:45 p.m. - Tarkowski on town management and nondepartmental.
6:45 to 7 p.m. - Magistrate Keith Carson.
7 to 7:15 p.m. - Community Development Director Richard Parker.
7:15 to 7:30 p.m. - Parks and Recreation Director Brian Witty.
7:30 to 7:45 p.m. - Capital Projects Coordinator Kim Moon, with associated directors.
7:45 to 8 p.m. - Public Works Director Norm Davis on his department and federal Highway User Revenue Funds.
8 to 8:15 p.m. - Interim Police Chief James Edelstein.
8:15 to 8:30 p.m. - Town Clerk Diane Russell.
Thursday's schedule is as follows:
5:35 to 6:15 p.m. - Human Resource Director Karen Smith and Barbara Lear, who will give an update on health insurance.
6:15 to 6:30 p.m. - Library Director Stuart Mattson.
6:30 to 6:45 p.m. - an update on reclaimed water and water resources/recharge from Utilities Director Neil Wadsworth and Water Resources Manager John Munderloh.
6:45 to 7:30 p.m. - Wadsworth on the water and sewer systems.
7:30 to 7:45 p.m. - Town Attorney Ivan Legler.
7:45 to 8 p.m. - Kauppi on his department.
8 to 8:15 p.m. - Kauppi on debt service.
8:15 p.m. - Kauppi on community facilities districts.