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RES 2014-1013 - Transit Authority budget presentation a) metro 2222 Cuming Street, Omaha, Nebraska 68102-4392 402.341.0800 • Fax 402.342.0949 ■ TDD:402.341.0807 Operated by Transit Authority of the City of Omaha -77 City Clerk's Office July 31, 2014 , . Omaha/Douglas Civic Center 1819 Farnam Street Omaha, NE 68183 Dear Buster Brown: Enclosed please find the required forms for submitting our 2015 Budget Document. These forms include all necessary documents as listed on the checklist as follows: General Budget Form, Page 1 Publisher's Affidavit of Publication for the Notice of Budget Hearing from the Omaha World-Herald. General Budget Form, Page 2- Receipt and Disbursement Form General Budget Form, Page 3-Correspondence Information Page General Budget Form, Page 4-LC-3/LC-CC Supporting Schedule General Budget Form, Page 5 and 6-LC-3/LC-CC Computation Form Report of Joint Agency and Interlocal Agreements July 24, 2014 Notice of Budget Hearing Meeting Minutes and July 31, 2014 Board Meeting minutes with the vote increasing the Restricted Funds Authority by an Additional 1%. The vote was unanimous among the four Board Members in attendance. The lid Computation form reflects the vote of 80% of the Board approving the 1% additional increase. Resolution#391 -Tax Levy Allocation Request to the City of Omaha and Douglas County using preliminary tax valuation and Recording Secretary Certification A similar set of these Budget Documents has been sent to the Douglas County Clerk's Office. If there are any omissions or error in these documents please let me know. If you need further assistance please contact me at(402)341-0800 ext 2200 or dfinkenometro.com. Sincerely, Denise Finken Finance Director • Metro 2222 Cuming Street Omaha, NE 68102 P—(402) 341-0800 Ext 2200 dfinken(a�ometro.com 2014-2015 STATE OF NEBRASKA Transit Authority of the City of Omaha GENERAL BUDGET FORM TO THE COUNTY BOARD AND COUNTY CLERK OF Douglas County This budget is for the Period December 31, 2014 through December 31, 2015 ° � '` t�, ` Submission Information -Adopted Budget Due by 9-20-2014 Auditor of Public Accounts 1. Auditor of Public Accounts - PO Box 98917 - Lincoln, NE 68509 Telephone: (402) 471-2111 FAX: (402) 471-3301 Submit Electronically using Website: Website: www.auditors.nebraska.gov http://www.auditors.nebraska.gov/ Questions - E-Mail: Deann.Haeffner(c�nebraska.gov 2. County Board (SEC. 13-508), C/O County Clerk The Undersigned Clerk/Board Member Hereby Certifies: The following PERSONAL AND REAL PROPERTY TAX is requested for the ensuing year: Budget Document To Be Used As Audit Waiver? My Subdivision has elected to use this Budget Document as the Audit Waiver. $ 15,031,782.00 Property Taxes for Non-Bond Purposes If YES, Board Minutes MUST be Attached) Principal and Interest on Bonds If YES © NO $ 15,031,782.00 Total Personal and Real Property Tax Required If YES, Column 2 MUST contain ACTUAL Numbers. Outstanding Bonded Indebtedness as of December 31,2014 If YES,DO NOT COMPLETE/SUBMIT SEPARATE AUDIT WAIVER REQUEST. - Principal Report of Joint Public Agency& Interlocal Agreements Interest Was this Subdivision involved in any Interlocal Agreements or Joint Public Agencies for the reporting period of July 1, 2013 through June 30, 2014? $ - Total Bonded Indebtedness © YES . NO If YES, Please submit Interlocal Agreement Report by December 31, 2014. - I Total Certified Valuation(All Counties) Report of Trade Names, Corporate Names&Business Names (Certification of Valuation(s)from County Assessor MUST be attached) Did the Subdivision operate under a separate Trade Name, Corporate Name, or CLERK/BOARD MEMBER: I other Business Name during the period of July 1, 2013 through June 30, 2014? ■ YES NO Signature: If YES,Please submit Trade Name Report by December 31, 2014. Printed Name &Title: Amy A. Haase, Board Chairperson County Clerk's Use ONLY Mailing Address: 2222 Cuming Street City, Zip: Omaha, NE 68102 Phone Number: (402)341-7560 E-Mail Address: Paae 1 Transit Authority of the City of Omaha in Douglas County CORRESPONDENCE INFORMATION BOARD CHAIRPERSON NOTE: If Budget Document is used as an Audit Waiver, approval of the Amy A. Haase Audit Waiver will be sent to the Board Chairperson via e-mail. If no e-mail (Name of Board Chairperson) address is supplied for the Board Chairperson, notification will be mailed via 2222 Cuming Street the USPS. (Mailing Address) For Questions on this form, who should we contact Omaha, NE 68102 (please ✓ one): Contact will be via e-mail if supplied. (City&Zip Code) (402) 341-7560 Board Chairperson (Telephone Number) X Prepares (E-Mail Address) t}k PREPARER Denise Finken, Finance Director (Name and Title) (Name and Title) Transit Authroity of the City of Omaha (Firm Name) (Firm Name) 2222 Cuming Street (Mailing Address) (Mailing Address) Omaha, NE 68102 (City&Zip Code) (City&Zip Code) (402) 341-7560 Ext 2200 (Telephone Number) (Telephone Number) dfinken@ometro.corn (E-Mail Address) (E-Mail Address) Page 3 Transit Authority of the City of Omaha in Douglas County To Assist the County For Levy Setting Purposes Documentation of Transfers: (Only complete if there are transfers noted on Page 2, Column 2) The Cover Page identifies the Property Tax Request between Principal & Please explain what fund the monies were transferred from,what fund they Interest on Bonds and All Other Purposes. If your political subdivision were transferred to, and the reason for the transfer. needs more of a breakdown for levy setting purposes, complete the section below. Transfer From: Transfer To: Property Tax Request by Fund: Property Tax I Request I Amount: General Fund $ 15,031,782.00 I Reason: Sinking Fund Bond Fund $Fund I Fund I Transfer From: Transfer To: Fund I Amount: Total Tax Request ** $ 15,031,782.00 I Reason: *" This Amount should agree to the Total Personal and Real Property Tax Required on the Cover Page(Page 1). I Transfer From: Transfer To: I Amount: Reason: Page 2-A Transit Authority of the City of Omaha in Douglas County LC-3 SUPPORTING SCHEDULE Calculation of Restricted Funds Total Personal and Real Property Tax Requirements (1) $ 15,031,782.00 Motor Vehicle Pro-Rate (2) $ In-Lieu of Tax Payments (3) $ Transfers of Surplus Fees (4) $ Prior Year Budgeted Capital Improvements that were excluded from Restricted Funds. Prior Year 2013-2014 Capital Improvements Excluded from Re- stricted Funds(From 2013-2014 LC-3 Lid Exceptions, Line(10)) $ - (5) LESS: Amount Spent During 2013-2014 $ - (6) LESS: Amount Expected to be Spent in Future Budget Years $ - (7) Amount to be included on 2014-2015 Restricted Funds(Cannot be a Negative Number) (8) $ TOTAL RESTRICTED FUNDS(A) (9) $ 15,031,782.00 LC-3 Lid Exceptions Capital Improvements (Real Property and Improvements on Real Property) (10) LESS: Amount of prior year capital improvements that were excluded from previous lid calculations but were not spent and now budgeted this fiscal year (cannot exclude same capital improvements from more than one lid calculation.) Agrees to Line(7). $ - (11) Allowable Capital Improvements (12) $ Bonded Indebtedness (13) Public Facilities Construction Projects(Statute 72-2301 to 72-2308) (Fire Districts&Hospital Districts Only) (14) Inter-local Agreements/Joint Public Agency Agreements (15) Public Safety Communication Project- Statute 86-416(Fire Districts Only) (16) Payments to Retire Bank Loans and Other Financial Instruments-Agreed to before 7/1/99(Fire Districts Only) OR Payments to Retire Interest-Free Loans from the Department of Aeronautics(Public Airports Only) (17) Judgments (18) Refund of Property Taxes to Taxpayers (19) Repairs to Infrastructure Damaged by a Natural Disaster (20) TOTAL LID EXCEPTIONS(B) (21) $ - 1 TOTAL 2014-2015 RESTRICTED FUNDS For Lid Computation (To Line 9 of the LC-3 Lid Form) $ 15,031,782.00 To Calculate; Total Restricted Funds(A)-Line 9 MINUS Total Lid Exceptions(B)-Line 21 Total 2014-2015 Restricted Funds for Lid Computation cannot be less than zero. See Instruction Manual on completing the LC-3 Supporting Schedule. Page 4 STATE OF NEBRASKA 2014-2015 LC-3 LID COMPUTATION FORM Transit Authority of the City of Omaha in Douglas County COMPUTATION OF LIMIT FOR FISCAL YEAR 2014-2015 PRIOR YEAR RESTRICTED FUNDS AUTHORITY OPTION 1 OR OPTION 2 OPTION 1 2013-2014 Restricted Funds Authority(Base Amount) = Line (8)from last year's LC-3 Form 14,523,461.13 Option 1-(1) OPTION 2 - Only use if a vote was taken at a townhall meeting last year to exceed Lid for one year Line (1)of 2013-2014 Lid Computation Form Option 2-(A) Allowable Percent Increase Less Vote Taken (From 2013-2014 Lid Computation Form Line(6)- Line (5)) ok Option 2-(B) Dollar Amount of Allowable Increase Excluding the vote taken Line(A)X Line (B) - Option 2-(C) Calculated 2013-2014 Restricted Funds Authority(Base Amount)_ Line (A) Plus Line (C) Option 2-(1) ALLOWABLE INCREASES BASE LIMITATION PERCENT INCREASE (2.5%) 2.50 % (2) ALLOWABLE GROWTH PER THE ASSESSOR MINUS 2.5% - (3) - % 2014 Growth 2013 Valuation Multiply times per Assessor 100 To get% ADDITIONAL ONE PERCENT BOARD APPROVED INCREASE 1.00 % (4) 5 / 5 = 100.00 % #of Board Members Total#of Members Must be at least voting "Yes"for in Governing Body .75(75%)of the Increase (Attending &Absent) Governing Body ATTACH A COPY OF THE BOARD MINUTES APPROVING THE INCREASE. Page 5 STATE OF NEBRASKA 2014-2015 LC-3 LID COMPUTATION FORM Transit Authority of the City of Omaha in Douglas County 4 SPECIAL ELECTION/TOWNHALL MEETING -VOTER APPROVED%INCREASE % (5) Please Attach Ballot Sample and Election Results OR Record of Action From Townhall Meeting TOTAL ALLOWABLE PERCENT INCREASE = Line(2) + Line (3) + Line (4) + Line (5) 3.50 °h (6) Allowable Dollar Amount of Increase to Restricted Funds = Line (1) x Line (6) 508,321.14 (7) Total Restricted Funds Authority= Line (1) + Line (7) 15,031,782.27 (8) Less: 2014-2015 Restricted Funds from LC-3 Supporting Schedule 15,031,782.00 (9) Total Unused Restricted Funds Authority= Line (8)-Line (9) 0.27 (1o) LINE (10) MUST BE GREATER THAN OR EQUAL TO ZERO OR YOU ARE IN VIOLATION OF THE LID LAW. THE AMOUNT OF UNUSED RESTRICTED FUNDS AUTHORITY ON LINE (10) MUST BE PUBLISHED IN THE NOTICE OF BUDGET HEARING. Page 6 STATE OF NEBRASKA REPORT OF JOINT PUBLIC AGENCIES, INTERLOCAL AGREEMENTS, TRADE NAMES, CORPORATE NAMES & BUSINESS NAMES FOR THE PERIOD JULY 1, 2013 THROUGH JUNE 30, 2014 State Statute Section 13-513 requires any governing body which is a party to an agreement pursuant to the Interlocal Cooperation Act or the Joint Public Agency Act or is conducting business under a Trade Name, Corporate Name, or Business Name to report such information to the Auditor of Public Accounts on or before December 31 of each year. Transit Authority of the City of Omaha Douglas SUBDIVISION NAME COUNTY Subdivision Contact Information Name&Title: Denise Finken, Finance Director Mailing Address: 2222 Cuming Street City, Zip: Omaha, NE 68102 Phone Number: (402) 341-7560 Ext 2200 E-Mail Address: dfinken(a�ometro.com INTERLOCAL AGREEMENTS AND JOINT PUBLIC AGENCIES This subdivision was NOT involved in any Agreements during the period. If your subdivision WAS involved in any Agreements during this reporting period, please complete the following page providing the information requested for all Agreements using the directions below: Column 1: Provide the names of all subdivisions that are part of the Agreement. Note: You do not need to list your own subdivision. Column 2: Provide the dates covered by the Agreement. For example, 7/1/13 through 6/30/14, or if not specifically written out in the Agreement indicate N/A. Column 3: Include a brief description of the purpose of the Agreement. TRADE NAMES, CORPORATE NAMES AND BUSINESS NAMES [----iThis subdivision did NOT conduct business under a Trade Name, Corporate Name or Business Name during the period. If your subdivision DID conduct business under a Trade Name, Corporate Name or other Business Name, please list all such names on the following page. Contact and Submission Information Deann Haeffner, Assistant Deputy Auditor Auditor of Public Accounts To Submit Form Electronically: P.O. Box 98917, Lincoln, Nebraska 68509-8917 www.auditors.nebraska.gov (402)471-2111 FAX: (402) 471-3301 deann.haeffner(a�nebraska.00v DO NOT STAPLE TO BUDGET DOCUMENT. Continued on Back 4-30-2014 REPORT OF JOINT PUBLIC AGENCY AND INTERLOCAL AGREEMENTS REPORTING PERIOD JULY 1, 2013 THROUGH JUNE 30, 2014 Transit Authority of the City of Omaha Douglas SUBDIVISION NAME COUNTY Narties to Agreement Agreement l'enod uescnption (Column 1) (Column 2) (Column 3) The City of Omaha Aug 01, 2011 to Dec Omaha, NE 31 2013 Downtown/Midtown Alternative Analysis Study DO NOT STAPLE TO BUDGET DOCUMENT. Copy page as necessary to list ALL Agreements. c_1_9nI A REPORT OF TRADE NAMES, CORPORATE NAMES, BUSINESS NAMES REPORTING PERIOD JULY 1, 2013 THROUGH JUNE 30, 2014 Transit Authority of the City of Omaha Douglas SUBDIVISION NAME COUNTY List all Trade Names, Corporate Names and Business Names under which the political subdivision conducted business. DO NOT STAPLE TO BUDGET DOCUMENT. *Copy page as necessary to list ALL Agreements. a_An22n1 e NOTICE OF BUDGET HEARING AND BUDGET SUMMARY Transit Authority of the City of Omaha IN Douglas County, Nebraska PUBLIC NOTICE is hereby given, in compliance with the provisions of State Statute Sections 13-501 to 13-513, that the governing body will meet on the 24th day of July 2014, at 8:00 o'clock A.M. at 2222 Curving Sreet for the purpose of hearing support, opposition, criticism, suggestions or observations of taxpayers relating to the following proposed budget. The budget detail is available at the office of the Clerk during regular business hours. Clerk/Secretary 2012-2013 Actual Disbursements&Transfers $ 26,673,828.00 2013-2014 Actual/Estimated Disbursements&Transfers $ 27,089,631.00 2014-2015 Proposed Budget of Disbursements&Transfers $ 29,328,335.00 2014-2015 Necessary Cash Reserve $ 192,128.80 2014-2015 Total Resources Available $ 29,520,463.80 Total 2014-2015 Personal& Real Property Tax Requirement $ 15,031,782.00 Unused Budget Authority Created For Next Year $ 0.27 Breakdown of Property Tax: Personal and Real Property Tax Required for Non-Bond Purposes $ 15,031,782.00 Personal and Real Property Tax Required for Bonds $ - The Omaha World-Herald Ad Order Confirmation Ad Content Ad Number 0001776584-01 NOTICE OF BUDGET HEARING Sales Rep. kpetersen AND BUDGET SUMMARY Order Taker kpetersen Transit Authority of the Clty of OmahaIN Ad Type Liner Semi Display Douglas County,Nebraska Ad Size Public notice is hereby given, In compliance with the provisions of State Statute Sections :2.0 X 43 Li 13-501 to 13.513,that the governing body will meet on the z4th day of July 2014, at 8:00 40512 o'clock A.M.at 2222 Coming Street for the pur- PO Number pose of hearing support,opposition,criticism, suggestions or observations of taxpayers relat- ing to the following roposed budget. The Color B&W budget detail is available at the office of the Clerk during regular business hours. Promo Type Clerk/Secretary Customer 2010 sburrs3 ements&Transfers $26,673,828.00 METRO 2013-2014 Actual/Estimated Disbursements&Transfers $27,089,631.00 2014-2015 Proposed Budget Customer Account 201 of Disbursements rsementsry cash 2233 $29,328,335.00 2233 Reserve $192,128.80 2014-2015 Total Resources Customer Address Available Total 20142015 Personal&Real $z9'Szo,463.80 2222 CUMING STREET, Property Tax Requirement $15,031,782.00 Unused Budget Authority OMAHA NE 68102-4328 USA Created for Next Year $0.27 Breakdown of Property Tax: Customer Phone Personal and Real Property Tax Required for Non-Bond Purposes $15,031,782.00 (402)341-7560 Personal and Real Property Tax ( ) Required far Bonds $ Ordered By REBECCA MAHR Special Pricing None Invoice Text Materials Ad Order Notes Tear Sheets Proofs Blind Box 0 0 Net Amount Total Amount $3,263.38 $3,263.38 Payment Method Payment Amount Amount Due $0.00 $3,263.38 Product Information Placement/Classification Run Dates #inserts Cost DWH::AII Editions Public Notices- Classified 7/18/2014,7/19/2014, 7/20/2014, 7 $3,253.38 0675-Public Notices 7/21/2014,7/22I2014, 7/23/2014, 7/24/2014 Jn Line Class::All Editions Public Notices- Classified 7/18/2014,7/19/2014, 7/20/2014, 7 $10.00 0675-Public Notices 7/21/2014, 7/22/2014, 7/23/2014, 7/24/2014 7/17/201411:30:01 AM 1 MINUTES PUBLIC HEARING TRANSIT AUTHORITY OF THE CITY OF OMAHA AUTHORITY'S ADMINISTRATION BUILDING 2222 CUMING STREET OMAHA,NEBRASKA,68102 July 24,2014 8:00 A.M. A public hearing for the proposed budget CY 2015 was held on July 24, 2014 at 8:00 a.m. in the Authority's Administration Building,2222 Cuming Street, Omaha, Nebraska, 68102. Notice was given in advance of the public meeting by publication in the Omaha World Herald on July 17,2014. For the benefit of the public in attendance, a copy of the Open Meeting Law is posted in the meeting room and Agenda is posted on Bulletin Boards located in the facility Lobby. The following persons were in attendance at the meeting. Authority Staff: C. Simon,Executive Director D.Finken, Finance Director R. Mahr,Administrative Assistant Others Present: None Agenda Item# 1 & 2: Call to order I would like to call this meeting to order, it is Thursday,July 24,2014 at 8:00 a.m.at Metro's Administrative Offices Iocated at 2222 Cuming Street, Omaha,NE. The Notice of the Budget Hearing was published in the Omaha World Herald on Thursday,July 17,2014. For the benefit of the public in attendance,a copy of the Open Meeting Law is posted in the meeting room and the Agenda is posted on the Bulletin Board located in the facility lobby. For those who are in attendance,copies of the Rules and Procedures are available at the Sign In Desk. Agenda Item #3: Presentation of the Preliminary Budget: The proposed Transit Authority of the City of Omaha CY 2015 Preliminary Budget is$29,328,335. The CY 2015 Budget includes the Mill Levy which is proposed at$.05406 per$100 of assessed value to yield the total of Tax Revenue$15,031,782. The tax levy will not be finalized until such time as the certified valuations are received from the Douglas County Assessor's Office at the end of August. The Metro Transit Board of Directors will consider by resolution the adoption of the Preliminary CY 2015 Budget and the adoption of the Preliminary Mill Levy at its regular Board Meeting on Thursday July 31,2014 at 8:30 a.m. Agenda Item#4: Public Testimony No members of the public appeared to testify at the hearing. Agenda Item#5: Question and Response N/A Agenda Item#6: Adjournment Mr. Simon adjourned the meeting at 8:03 A.M. Curt Simon,Executive Director Rebecca Mahr,Administrative Assistant AGENDA REGULAR BOARD MEETING TRANSIT AUTHORITY OF THE CITY OF OMAHA 2222 Cuming Street Omaha, Nebraska, 68102 July 31, 2014 8:30 a.m. 1. Call To Order: Notice of the Regular Meeting was published in the Omaha World Herald on July 27, 2014. 2. Approval of Minutes of Previous Meetings: a. Regular Meeting: June 26, 2014 b. Public Hearing - Budget: July 24, 2014 3. Administrative Reports: a. Administration/Human Resources (E. Simpson) c. Programs/Operation (K. Shadden) 4. Resolution - Request Approval - Preliminary Budget-CY 2015 D. Finken 5. Resolution - Request Authority- Set Restricted Funds D. Finken 6. Resolution- Request Approval- Resolution No. 391 2015 Preliminary Tax Levy D. Finken 7. Resolution-Request Authority to enter into Intertocal Cooperation Agreement C. Simon 8. Administrative Report (C. Simon) 9. Date, Time and Place of Next Regular Board Meeting Thursday, August 28, 2014, 8:30 a.m. Authority's Administrative Building 10. Executive Session - No Tentative Item for Discussion 11. Adjournment. AGENDA REPORT 4. RESOLUTION: REQUEST APPROVAL—PRELIMINARY BUDGET— CY 2015: EXPLANATION: A Preliminary Budget for 2015 has been established. A public hearing was held on Thursday, July 24, 2014. Staff is recommending approval of the Preliminary Budget as proposed. Operating expenses are set at $29,328,335.00, an increase of$1,565,772 or 5.6% over the 2014 budgeted expenses. The Preliminary Budget for 2015 was sent to the Finance Committee for review. 5. RESOLUTION: REQUEST AUTHORITY—SET RESTRICTED FUNDS: EXPLANATION: The Nebraska Budget Act allows political subdivisions to increase their restricted funds authority by a base amount of 2.5% per year. An additional 1% increase is allowed if at least 75% of the governing body votes to approve the increase. In setting these amounts for calendar year 2015, the 2.5% base increase amount is $363,086. The additional 1% increase would raise the restricted funds by $145,234. When combined with the base amount, it would increase our restricted funds authority from last year's figure of$14,523,461 to$15,031,782. Staff recommends approval of the additional 1% increase. 6. RESOLUTION: REQUEST APPROVAL — RESOLUTION No. 391 2015 PRELIMINARY TAX LEVY: EXPLANATION: The Transit Authority must submit a CY 2015 preliminary tax levy allocation request to the Omaha City Council and the Douglas County Board by August 1, 2014. Resolution No. 391 is included in your Board Packet The total amount of the request is$15,031,782. The proposed 2015 preliminary mill levy rate is .05406 cents per $100.00 of property valuation as compared to the 2014 rate of .05224, The rate is split equally between the City of Omaha and Douglas County. Staff recommends approval of the Resolution. 2015 Preliminary Budget Assumptions Our proposed preliminary 2015 budget is$29,328,335. This is$1,565,772(5.6%)above our 2014 budget. It should be noted that in 2014,our budget was basically flat as compared to 2013,having increased by only .9%. 1. Medical costs are projected to be$3,500,000. This is$87,023 or 2.5%higher than our 2014 budget. This amount is a projection only and final amounts for this expense line item will be more clearly defined upon contract renewal, effective in October,2014. A revised amount will likely appear in the final budget the Board adopts in November,or December. 2. Fuel is budgeted @ 3.40/gallon for diesel and$3.00/gallon for gasoline, for a total of$3,548,521. This is$273,797 higher than the 2014 budget, an increase of 8.36%. As is always the case, should an opportunity present itself to lock in lower pricing for all, or a portion of 2015, we will do so. Also, this may be modified at the time of adoption of the final budget later this year when pricing may be more predictable. 3. 3.0% wage increase for salaried employees,2% for hourly employees. 4. This preliminary budget anticipates service enhancements for the entirety of 2015 in the amount of 71.65 additional weekday service hours,effective in January 1, 2015. As a result,there is an increase in Operator wages above the 2014 budgeted amount of$297,521,or 3.2%. 5. Passenger fares are projected at$3,983,739. This is 3%higher than our 2014 projection, ending December 2014. 6. Property tax revenue is budgeted at$15,031,782. This assumes an increase of 2 '/2%,plus an additional 1%,over the 2014 budget, as per the lid law. The preliminary levy required is .05406. This is .00182 higher than our 2014 levy, or 3.48%.. This was arrived by using the most recent estimate from the Douglas County Assessor's Office, which was the same assessed value as 2014. Final Douglas County assessed valuations will be determined in August. It is likely final assessed values will differ from the estimate. If that is the case, a subsequent resolution will be on the August agenda to adjust the levy,based upon those final valuations. However,the total dollar amount will not change. 7. State of Nebraska operating assistance to Metro is projected at$1,900,000. This is the same amount as was included in our 2014 budget and reflects the most recent estimate provided by the Nebraska Department of Roads. 8. Short and long term local match requirements total $641,498. Metro 2015 Preliminary Budget 2014 Annual 2014 Annual 2015 Annual Projected Approved Preliminary REVENUES: FARES $3,867,708.00 $4,056,000.00 $3,983,739.00 TAX LEVY $14,523,463.00 $14,523,462.00 $15,031,782.00 $4,932,661.00 FEDERAL $6,617,072.00 $6,233,505.00 $7,463,891.00 STATE $1,900,000.00 $1,900,000.00 $1,900,000.00 CONTRACT SERVICES $655,342.00 $681,000.00 $571,000.00 INTEREST $71,000.00 $61,000.00 $8,000.00 OTHER $375,618.00 $307,596.00 $369,922.00 TOTAL REVENUES $28,010,203.00 $27,762,563.00 $29,328,334.00 EXPENSES: 2014 budget BUS OPERATIONS $8,739,066.00 $8,975,060.00 $9,272,581.00 $297,521.00 MAINTENANCE $2,010,030.00 $2,106,366.00 $2,067,593.00 3.31% SALARIED $1,881,382.00 $1,849,233.00 $1,937,523.00 2014 actual TOTAL LABOR $12,630,478.00 $12,930,659.00 $13,277,697.00 $533,515.00 6.10% FRINGE BENEFITS $7,828,973.00 $7,605,704.00 $7,940,929.00 TOTAL LABOR AND FRINGES $20,459,451.00 $20,536,363.00 $21,218,626.00 SERVICE $1,328,456.00 $1,312,853.00 $1,360,000.00 FUEL $3,104,570.00 $3,274,724.00 $3,548,521.00 MATERIALS AND SUPPLY $1,315,143.00 $1,507,331.00 $1,506,250.00 UTILITIES $315,118.00 $365,950.00 $360,000.00 CLAIMS $120,856.00 $122,000.00 $122,000.00 PREMIUMS $288,228.00 $314,770.00 $332,440.00 PURCHASED TRANSPORTATION $92,706.00 $75,000.00 $88,000.00 TRAVEL MEETINGS AND DUES $22,504.00 $16,000.00 $16,000.00 ADVERTISING-MEDIA $9,034.00 $29,000.00 $100,000.00 OTHER $33,565.00 $39,400.00 $35,000.00 TOTAL OPERATING EXPENSES $27,089,631.00 $27,593,391.00 $28,686,837.00 CAPITAL: CAPITAL PURCHASES-SHORT TERM $927,776,00 $169,172.00 $320,749.00 $641,498.00 CAPITAL PURCHASES-LONG TERM $552,797.00 $0.00 $320,749.00 TOTAL OPERATING &CAPITAL $28,570,204.00 $27,762,563.00 $29,328,335.00 Page 1 of 1 Metro 2015 Revenue Budget Summary 2014 Annual 2014 Annual 2015 Preliminary Revenue Ddescr,ption Projected Budget Budget PASSENGER FARES Pass Rev-Omaha Bus 3,458,666 3,629,000 3,562,426 Pass Rev-Bluffs Bus 113,258 120,000 116,656 Pass Rev-Bellevue Bus 14,022 17,000 14.443 Pass Rev-Tricom Bus 13,692 15,000 14,103 Pass Rev-Omaha Moby 268,070 275,000 276,112 3,867,708 4,056,000 3,983,739 1SPECIAL TRANSIT FARES Contract Fares-Bluffs 685,420 660,000 670,000 Contract Fares-Bellevue 106,896 175,000 105,000 V Contract Fares-Tricom 15,528 21,000 15,000 Contract Fares-Other 127,498 115,000 69,000 Contract Fares-Reimburs. _ 280,000 (7 -0.1 .;) '2P3.000) 1,215,342 681,000 571,000 AUXILIARY REVENUE Advertising-Nebraska 214,120 200,000 1 200,000 214,120 200,000 L_ 200,000 NONTRANSPORTATION REV T Rent-Property 109,958 69,852 132,178 Sale of Property 4,484 0 ;- 0 Investment Income 71,000 61,000 i 8,000 Other Non-Transp Revenue 34,312 25,000 , 25,000 Defend Revenue Annuity 12,744, 12,744 I 12,744 232,498 168,596 ' 177,922 1 TAXES LEVIED ! - ('-- Property Tax Revenue 14,523,463 14,523,462 15,031,782 14,523,463 14,523,462 . 15,031,782 STATE GRANTS Gen Operating Assist.-State 1,900,000_ 1,900,000 i 1,900,000 1,900,000 1,900,0001 1,900,000 FEDERAL GRANTS Other Assist-MAPA 115,000 120,000 120,000 Other Assist-ADA 797,000 797,000_ 836,850 Other Assist-Maint Relmb 4,437,314 4,071,406 5,271,041 Other Assist-FTA Funds 1,214,562 1,200,000 1,236,000 Other Assist-ARC Grant 53,196 45,099 I 0 1 6,617,072 6,233,505 7,463,891 TOTAL REVENUE _ 28,570,204_ 27,762,563 29,328,335 Metro 2018 BUDGET EXPENSE SUMMARY REPORT 2014 Annual - 2014 Annual I 2015 Preliminary Expense Description Projected Budget Budget LABOR: , Operators Wages 8,739,068 8,975,060 9,272,581 Other Sa!aryr_!Wages 3,891,413 3,955,599 4,005,118 12,630,479 12,930,659, 13,277,697 FRINGE BENEFITS: FICA Retirement 1,049,206 1,105,482 1,094,980 Pension Plans 1,085,492 1,099,231' 1,094,222 LTD Insurance 59,574 80,000 60,925 Hosp/Med Plans 3,412,977 3,412,977! 3,500,000 Hosp/Med Contributions ;'r1,'<it` 111;:•'; G t'' L: ‘ Life Insurance Plans 43,620 55,000 44,800 STD insurance 91,844 40,000' 70,000 Unemployment Ins 21,743 30,0001 30,000 Workman's Comp. 584,206 425,000, 450,000 Workman's Comp Recoveries 0 01 0 Workman's Camp Prom 147,227 131,310i 169,311 Sick Leave 55,985 35,0001 45,000 HoNday 447,650 469,105' 461,080 Vacation 867,828 816,561 i 893,863 Other Paid Absense 74,786 50,000 80,000 Uniform Allowance 41,148 45,000 45,000 Other Fringe Benefits 37,498 27,000 37,000 7,828,973 7,805,704 7,940,929 SERVICES: - Management Service Fees 31,200 32,000 31,200 Prof&Tech 336,936 355,0031 373,500 Service Other 414,606 375,000 405,000 Temporary Help 307,142 305,552 305,000 Contract Malnt 229,446 238,298 236,800 Custodial 0 0 0 Security 9,126 7,000 8,500 1,328,458 1,312,853 1,360,000 I MATERIAL&SUPPLIES: Fuel 8 Lubricants 3,104,570 3,274,724 3.548,521 Tires&Tubes 116,684 115,081 115,000 Other Marls/Supplies 1,198,459 1,392,250_ 1,391,250 4,419,713 4,782,055 5,054,771 UTILITIES: Utilities Not Propulsion Power I 315,118 365,950 i 380,000 1 315,118 365,950 ) 360,000 Page 1 of 2 2014 Annual f 2014 Annual 2015 Preliminary Expense Description Projected [ Budget Budget CASUALTY&LIABILITY: Premlum,Phya Damage 134,790_ 125,000 155 009' Premium PUPD Ins 135,158 168,131 155,432 Provis,Unins PUPD Settle 120,856 130,000 130,000 Recoveries 0 ,'t;,c%1-4 rt,,.:0) Premium,Other Corp Ins 18,280 21,839 22,000 409,084 438,770 454,440 VEHICLE LICENSE/REG FEES: License&Reg for Vehicles 320 1,000 1,000 320 1,000 1,000 PURCHASE TRANS SERVICE: Purch'd Trans Service 82,708 75,000 88,000 92,706 75,000 88,000 MISCELLANEOUS EXPENSE: Dues&Subscriptions 11,528' 9,000 9,000 Travel&Meetings 10,976 7,000 i 7,000 Bad Debt 1,746 0 0 Misc Interest Expense 0 0 0 Advertising/Prom Media 9,034 28,000 100,000 Loss on an Asset 0 0 0 Other Misc Expense 17,890 25,000 20,000 51,174 70,000 136,000 LEASES&RENTALS: Transitway Structure 13,609 13,400 1 14,000 13,609 13,400 1 14,000 CAPITOL PROJECTS Cap Proj Local Match Short Term 695,060 102,336 320,749 Cap Proj Local Match Long Term 0 66,836 320,749 695,060 169,172 641,498 TOTAL EXPENSES 27,784,692 27,782,563 29,328,335 ~ 29,328,335 Page 2 of 2 Metro Transit CY 2016 TAX LEVY CALCULATION- PRELIMINARY Last years tax levy 14,523,461.13 Left-over amount + 0.00 Would have been allowed last year-CY 2014 - 14,523,461.13 This is the figure we use to begin CY2014's calculation Base Limitation Percent Increase 2.5% + 363,086.53 Allowable Growth per the Assessor Minus 2.5% - 0.00 Additional 1% Board Approved Increase + 145,234.61 Allow Dollar Amount of Increases to Restricted Funds - 508,321.14 2015 Total Restricted Funds Authority = 15,031,782 27 r _ 2014 Tax Levy Rate Calculation Preliminary 2014 City of Omaha Assessed Valuation $ 27,803,448,875 00 695,086,222 Valuation per$100 $ 278,034,488.75 Final 2015 Restricted Funds $ 15,031,782.27 2015 Tax levy rate $ 0.05406 2015 Douglas County Rate 5 0.02703 2015 City of Omaha Rate $ 0.02703 2015 Douglas County Dollars $ 7,515,891.13 2015 City of Omaha Dollars $ 7,515,891.13 Allowabel for growth 2.5% over 2013 certified valuation 695,086,222 Resolution No. 391 Omaha,Nebraska July 31 2014 WHEREAS, Nebraska Statute 77-3443(3) requires all political subdivisions subject to city and county levy authority to submit a preliminary request for levy allocation to the city council and county board; and WHEREAS, the Omaha City Council and the Douglas County Board of Commissioners are the levy authorities for the Transit Authority of the City of Omaha; NOW, THEREFORE BE IT RESOLVED that the Transit Authority of the City of Omaha's tax request for budget year 2015: Proposed Tax Levy Calculation @ .05406 City of Omaha Final Assessed Valuation $27,803,448,875 Valuation per $ 100.00 $278,034,488 Preliminary Tax Levy .05406 Equal to $279,493,702 x .05406 PRELIMINARY TAX REQUEST: $ 15,031,482 Pursuant to State Statute 77-3443 based on the above calculation, the City Council shall allocate $0.02703 cents per one hundred ($100.00) dollars of assessed valuation and the Douglas County Board shall allocate $0.02703 cents per one hundred ($100.00) dollars of assessed valuation. Motion by: 7L4 1; .e-.c:; u.,t to adopt Resolution No. 391 Seconded by. ,,14 - Voting Yes: • 2, MOTION CARRIED ATTEST: Board hairman CERTIFICATE The undersigned duly qualified Recording Secretary of the Transit Authority of the City of Omaha hereby certifies that the foregoing is a true and correct copy of the Resolution adopted at a legally convened meeting of the Transit Authority of the City of Omaha held on July 31, 2014. Karen Strasser July 31, 2014 S No. / /.3 Transit Authority of the City of Omaha transmits required forms for submitting their 2015 Budget Document. clk:slm l RECEIVED Presented to Council: August 12, 2014 - o ,,,) z 7.ee/i;e: Buster Brown City Clerk