Mayor’s FY2016 budget presentation, Aug. 31, 2015

It's always good to sweeten a financial report with humor. In this case, the mayor was quick to say that the anticipated $900,000 surplus represented less than nine days' operating costs for the city of Homewood.

It’s always good to sweeten a financial report with humor. In this case, the mayor was quick to say that the anticipated $900,000 surplus represented less than nine days’ operating costs for the city of Homewood. (A year-end surplus is in addition to the city’s reserves, or rainy day fund.)

The mayor presented his FY2016 budget in a 15-minute called meeting this afternoon, pushing his deadline to the end-of-August limit. In it, employees were pleased to see a 1% cost of living adjustment and the mayor’s commitment to let the city absorb a 7.8% increase in health insurance premiums.

The mayor’s budget will be reviewed and possibly adjusted in a series of Finance Committee meetings in September before the final plan is adopted by the City Council before Oct. 1.

“NO SHELL GAME”

Mayor McBrayer commented that it would have been easy to increase the COLA percentage while passing on the cost of increased premiums to employees, calling that a shell game. Last year the mayor made clear that COLA and merit increases add to the salaries on which pensions — and future cost liabilities to the city — are calculated.

BUDGET5Capital projects this year are the continuation of sidewalk construction, the nearly $1 million purchase of 15 extra police department Tahoes, and the Greenway Phase II extension.

 

BUDGET4

 

 

 

 

 

The following two slides should be read together to reflect the entire budget summary presented tonight:

BUDGET6

 

 

 

 

BUDGET7

 

 

 

 

Mayor's budgets 2014 (current) compared to 2015. The mayor's budget is amended and adopted by the city council before the Oct. 1 start of the fiscal year.

Mayor’s budgets 2014 (current) compared to 2015. The mayor’s budget is amended and adopted by the city council before the Oct. 1 start of the fiscal year.

 

 

Here’s a comparison to the mayor’s budgets presented last year and the year before.  To read the details and discussion of the the mayor’s current (FY2015) budget, click here.

 

 

 

 

 

 

And last, but probably ranking first in Homewood’s success and allure as a community, is the city’s contribution to its Board of Education. With an estimated $8.1 million from the dedicated penny sales tax and $7.7 million from property taxes, the Board of Education should receive nearly $16 million from Homewood this coming year.

BUDGET8

 

 

 

 

 

For last year’s council-approved budget and discussion of pension and other matters, click here.

Here’s a link to all the slides presented tonight and now posted on the city’s website, http://www.homewoodal.net/city/budget/Bud2016.pdf

Members present: Michael Hallman, Britt Thames, Fred Hawkins, Walter Jones, Patrick McClusky, Barry Smith, Alex Wyatt, Richard Laws, Peter Wright (arriving after several votes, see below), and council president Bruce Limbaugh. Also present was Homewood Mayor Scott McBrayer.

Members absent: Vance Moody

Staff present: City clerk Linda Cook, city attorney Mike Kendrick, mayor’s chief of staff J. J. Bischoff, and Melody Salter, finance director.

Audience attendance: 26

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