FY 7/1/19-6/30/20
Final Budget Teton Village Improvement and Service District Budget Hearing Information
PO Box 413 / 7020 Rachel Way Teton Village, WY 83025 (307) 733-5457
Location: 7648 Granite Loop Road (Fire Station) Date: 7/18/2019 Time: 6:00 PM
Teton S-A
Budget Prepared by: Mary Kay Werner, Treasurer
BUDGET MESSAGE
W.S. 16-4-104(d)
The FY 2020 buget for Teton Village Improvement and Service District (TVISD) was carefully prepared to ensure the same level of service to property owners in the residential areas of Teton Village and Granite Ridge. Services include snow removal, road repair, street sweeping, road stripiing, weed control and signage. The budget also maintains an increased contribution to the road resurfacing chip/seal reserve in anticipation of the need for asphalt overlays in several areas. The mill levy to property owners for the FY 2020 budget year will remail at 3.91 mills, which is unchanged from previous years.
S-B
RESERVE DESCRIPTION
TVISD has over $3 million in capital assets, which includes 4.3 miles of paved road and appurtenances and shared responsibility for .5 miles of pathway. The reserve policy was adopted to maintain a prudent level of financial resources to maintain public safety and to provide financial flexibility. The policy includes the allocation of $100,000 of the total general fund as an emergency reserve. The depreciation reserve is adjusted annually per the schedule for road resurfacing to avoid any special assessments. S-C
Names of Board Members Tim Carney, Chairman Shawn Reichel, Secretary Mary Kay Werner, Treasurer
Does the district have regular office hours exceeding 20 hours per week?
Date of End of Term
11/8/22 11/3/20 11/2/21
If Yes, enter Address of office: City, State, Zip: Phone Number: Hours Open:
Where are the minutes of your board meeting available for public review? Teton Village District Office, 7020 Rachel Way, Teton Village, WY 83025 How and where are the notices of meeting posted for the public? www.tetonvillagewy.org Where are the public meetings held? Teton Village District Office, 7020 Rachel Way, Teton Village, WY 83025
7020 Rachel Way Teton Village, WY 83025 (307) 733-5457 Mon-Thurs 8:30 - 4:30; Friday 8:30 - 11:30 AM
Yes
FINAL BUDGET SUMMARY 2017-2018 Actual
OVERVIEW
S-3
Total Budgeted Expenditures Total Principal to Pay on Debt Total Change to Restricted Funds
S-4
Total General Fund and Forecasted Revenues Available
S-5
Amount requested from County Commissioners
S-1 S-2
2018-2019 Estimated
REVENUE SUMMARY
S-7 S-8 S-9 S-10 S-11 S-12 S-13
Operating Revenues Tax levy (From the County Treasurer) Government Support Grants Other County Support (Not from Co. Treas.) Miscellaneous Other Forecasted Revenue
Total Revenue FY 7/1/19-6/30/20
S-14
EXPENDITURE SUMMARY
S-15 S-16 S-17 S-18 S-19 S-20R S-20
Capital Outlay Interest and Fees On Debt Administration Operations Indirect Costs Expenditures paid by Reserves Total Expenditures
DEBT SUMMARY
S-21
Principal Paid on Debt
CASH AND INVESTMENTS
S-22
TOTAL GENERAL FUNDS
Summary of Reserve Funds Beginning Balance in Reserve Accounts S-24 a. Sinking and Debt Service Funds S-25 b. Reserves S-26 c. Bond Funds Total Reserves (a+b+c) S-27 Amount to be added S-28 a. Sinking and Debt Service Funds S-29 b. Reserves S-30 c. Bond Funds Total to be added (a+b+c)
Final Approval
$243,486 $0 $0
$284,986 $0 $84,738
$298,534 $0 $131,035
$339,534 $0 $89,320
$1,059,218
$1,073,707
$1,010,896
$1,010,181
$340,094
$347,688
$409,169
$408,454
$0
$0
Additional Funding Needed :
S-6
2019-2020 Proposed
2017-2018 Actual $0 $340,094 $0 $0 $0 $16,467 $0 $356,561 2017-2018 Actual $58,059 $0 $27,010 $157,340 $1,077 $0 $243,486 2017-2018 Actual
2018-2019 Estimated $0 $347,688 $0 $0 $0 $23,362 $0
$0 $409,169 $0 $0 $0 $20,400 $0
Final Approval
$0 $408,454 $0 $0 $0 $20,400 $0
$371,050 $429,569 $428,854 Teton Village Improvement and Service District 2018-2019 Estimated $7,000 $0 $30,207 $246,329 $1,450 $0 $284,986 2018-2019 Estimated
$0 2017-2018 Actual
2019-2020 Proposed
$0 2018-2019 Estimated
2019-2020 Proposed $1,500 $0 $46,600 $248,984 $1,450 $0 $298,534 2019-2020 Proposed
Final Approval
$1,500 $0 $46,600 $289,984 $1,450 $0 $339,534 Final Approval
$0 2019-2020 Proposed
$0 Final Approval
$702,657
$702,657
$581,327
$581,327
$0 $275,089 $0 $275,089
$0 $275,089 $0 $275,089
$0 $359,827 $0 $359,827
$0 $359,827 $0 $359,827
$0 $0 $0 $0
$0 $84,738 $0 $84,738
$0 $131,035 $0 $131,035
$0 $89,320 $0 $89,320
$275,089 $0 $275,089
$359,827 $0 $359,827
$490,862 $0 $490,862
$449,147 $0 $449,147
S-23
S-31 S-32 S-33
Subtotal Less Total to be spent TOTAL RESERVES AT END OF FISCAL YEAR
End of Summary
Date adopted by Special District Budget Officer / District Official (if not same as "Submitted by")
DISTRICT ADDRESS: PO Box 413 / 7020 Rachel Way Teton Village, WY 83025
PREPARED BY: Mary Kay Werner, Treasurer
DISTRICT PHONE: (307) 733-5457 Prepared in compliance with the Uniform Municipal Fiscal Procedures Act (W.S. 16-4-101 through 124) as it applies. 1/23/19
Form approved by Wyoming Department of Audit, Public Funds Division
Final Budget Teton Village Improvement and Service District NAME OF DISTRICT/BOARD
FYE
6/30/2020
PROPERTY TAXES AND ASSESSMENTS 2017-2018 Actual R-1 R-1.1 R-1.2
Property Taxes and Assessments Received Tax Levy (From the County Treasurer) Other County Support
$340,094
2018-2019 Estimated $347,688
2019-2020 Proposed $409,169
Final Approval $408,454
FORECASTED REVENUE 2017-2018 Actual R-2 R-2.1 R-2.2 R-2.3 R-2.4 R-2.5 R-3 R-3.1 R-3.2 R-3.3 R-3.4 R-4 R-4.1 R-4.2 R-4.3 R-4.4 R-5 R-5.1 R-5.2 R-5.3 R-5.4 R-5.5 R-6 R-6.1 R-6.2
Revenues from Other Governments State Aid Additional County Aid (non-treasurer) City (or Town) Aid Other (Specify) Total Government Support Operating Revenues Customer Charges Sales of Goods or Services Other Assessments Total Operating Revenues Grants Direct Federal Grants Federal Grants thru State Agencies Grants from State Agencies Total Grants Miscellaneous Revenue Interest Other: Specify Violations Other: See Additional Total Miscellaneous Total Forecasted Revenue
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,854 $50 $14,563 $16,467 $16,467
$7,454 $700 $15,208 $23,362 $23,362
$4,000 $0 $16,400 $20,400 $20,400
$4,000 $16,400 $20,400 $20,400
$0
$0
$0
$0
Other Forecasted Revenue a. Other past due-as estimated by Co. Treas. b. Other forecasted revenue (specify):
R-6.3 R-6.4 R-6.5 R-6.6
Total Other Forecasted Revenue (a+b)
Final Budget Teton Village Improvement and Service District NAME OF DISTRICT/BOARD
FYE
6/30/2020
CAPITAL OUTLAY BUDGET 2017-2018 Actual E-1
2018-2019 Estimated
2019-2020 Proposed
Final Approval
Capital Outlay Real Property Vehicles Office Equipment Other (Specify) Maintenance Garage
E-1.1 E-1.2 E-1.3 E-1.4 E-1.5
$58,059
$7,000
$1,500
$1,500
$58,059
$7,000
$1,500
$1,500
E-1.6 E-1.7 E-1.8
TOTAL CAPITAL OUTLAY
ADMINISTRATION BUDGET 2017-2018 Actual E-2 E-2.1 E-2.2 E-2.3 E-2.4
Personnel Services Administrator Secretary Clerical Other (Specify)
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$9,850
$8,000
$11,000
$11,000
$2,730 $1,981
$3,200 $2,746
$6,000 $3,000
$6,000 $3,000
$6,536
$11,000
$13,000
$13,000
$338 $429
$225 $0
$400 $2,000
$400 $2,000
$2,900 $174 $2,072 $27,010
$3,000 $386 $1,650 $30,207
$3,000 $250 $7,950 $46,600
$3,000 $250 $7,950 $46,600
E-2.5 E-2.6 E-2.7 E-3 E-3.1 E-3.2 E-3.3
Board Expenses Travel Mileage Other (Specify)
E-3.4 E-3.5 E-3.6 E-4 E-4.1 E-4.2 E-4.3 E-4.4
Contractual Services Legal Accounting/Auditing Other (Specify) Engineering
E-4.5 E-4.6 E-5 E-5.1 E-5.2 E-5.3 E-5.4 E-5.5 E-5.6 E-5.7 E-5.8 E-6
Other Administrative Expenses Office Supplies Office equipment, rent & repair Education Registrations Other (Specify) Office Rent Postage see additional details
TOTAL ADMINISTRATION
Final Budget Teton Village Improvement and Service District
FYE
6/30/2020
OPERATIONS BUDGET 2017-2018 Actual E-7 E-7.1 E-7.2 E-7.3 E-7.4 E-7.5
Personnel Services Wages--Operations Service Contracts Other (Specify) Contract Labor Public Works Dir - Hrly & Benefits
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$2,604 $16,931
$2,000 $24,445
$3,500 $27,934
$3,500 $27,934
$6,055 $1,900
$11,600 $1,800
$11,000 $1,800
$11,000 $1,800
$5,785 $1,371 $7,587 $5,012 $10,077
$46,440 $1,750 $22,230 $11,500 $12,000
$39,000 $1,750 $10,000 $8,000 $21,000
$55,000 $1,750 $10,000 $33,000 $21,000
$92,829
$103,564
$100,000
$100,000
$0 $7,189
$0 $9,000
$10,000 $15,000
$10,000 $15,000
$157,340
$246,329
$248,984
$289,984
E-7.6 E-8 E-8.1 E-8.2
Travel Mileage Other (Specify)
E-8.3 E-8.4 E-8.5 E-9 E-9.1 E-9.2
Operating supplies (List) Street Signs, Supplies Gas & Vehicle
E-9.3 E-9.4 E-9.5 E-10 E-10.1 E-10.2 E-10.3 E-10.4
Program Services (List) Road Repair / Reserve Weed Control Landscaping / Brush Removal Maintenance of Drainage
E-10.5 E-11 E-11.1
see additional details
Contractual Arrangements (List) Snow Removal
E-11.2 E-11.3 E-11.4 E-11.5 E-12
Other operations (Specify)
E-12.1 E-12.2 E-12.3
Maintenance Lot Project Maintenance Lot O&M
E-12.4 E-12.5 E-13
TOTAL OPERATIONS
Final Budget Teton Village Improvement and Service District
FYE
6/30/2020
INDIRECT COSTS BUDGET 2017-2018 Actual E-14
2018-2019 Estimated
2019-2020 Proposed
Final Approval
Insurance Liability Buildings and vehicles Equipment Other (Specify) Surety Bonds
E-14.1 E-14.2 E-14.3 E-14.4 E-14.5
$500 $177
$500 $500
$500 $500
$500 $500
$400
$450
$450
$450
$1,077
$1,450
$1,450
$1,450
E-14.6 E-14.7 E-15 E-15.1 E-15.2 E-15.3 E-15.4 E-15.5 E-15.6
Indirect payroll costs: FICA (Social Security) taxes Workers Compensation Unemployment Taxes Retirement Health Insurance Other (Specify)
E-15.7 E-15.8 E-15.9 E-17
TOTAL INDIRECT COSTS
DEBT SERVICE BUDGET 2017-2018 Actual D-1 D-1.1 D-1.2 D-1.3 D-2
2018-2019 Estimated
2019-2020 Proposed
Final Approval
Debt Service Principal Interest Fees TOTAL DEBT SERVICE
$0
$0
$0
$0
Final Budget Teton Village Improvement and Service District NAME OF DISTRICT/BOARD
FYE
6/30/2020
GENERAL FUNDS End of Year C-1 C-1.1 C-1.2 C-1.3 C-1.4
C-2 C-2.1 C-2.2 C-2.3 C-2.4
Beginning
Total Estimated Cash and Investments on Hand
$275,089 $977,746
General Fund Reductions: a. Unpaid bills at FYE b. Reserves Total Deductions (a+b) Estimated Non-Restricted Funds Available
$6,881 $275,089 $281,970 $695,776
$6,881 $359,827 $366,708 $611,038
Reserves (From Below)
C-1.5 C-1.6
Beginning
2018-2019 Estimated $456,657 $0 $246,000 $0 $275,089 $977,746
Balances at Beginning of Fiscal Year General Fund Checking Account Balance Savings and Investments Account Balance General Fund CD Balance All Other Funds
2017-2018 Actual $456,657 $246,000
2019-2020 Final Approval Proposed $327,873 $327,873 $7,454 $7,454 $246,000 $246,000 $490,862 $1,072,189
$449,147 $1,030,474
$7,000 $490,862 $497,862 $574,327
$7,000 $449,147 $456,147 $574,327
SINKING & DEBT SERVICE FUNDS 2017-2018 Actual
C-3 C-3.1 C-3.2 C-3.3 C-3.4 C-3.5 C-3.6 C-3.7 C-3.8 C-3.9 C-3.10 C-3.11 C-3.12
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: Amount to be added to the reserve Date of Reserve Approval in Minutes: SUB-TOTAL Identify the amount and project to be spent a. b. c. Date of Reserve Approval in Minutes: TOTAL CAPITAL OUTLAY (a+b+c) Balance to be retained
2018-2019 Estimated $0
2019-2020 Final Approval Proposed $0
$0
$0
$0
$0
$0 $0
$0 $0
$0 $0
$0 $0
2017-2018 Actual $275,089
2018-2019 Estimated $275,089
RESERVES
C-4 C-4.1 C-4.2 C-4.3 C-4.4 C-4.5 C-4.6 C-4.7 C-4.8 C-4.9 C-4.10 C-4.11 C-4.12
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: 5/15/2018 Amount to be added to the reserve Date of Reserve Approval in Minutes: 5/14/2019 SUB-TOTAL Identify the amount and project to be spent a. b. c. Date of Reserve Approval in Minutes: TOTAL OTHER RESERVE OUTLAY (a+b+c) Balance to be retained
2019-2020 Final Approval Proposed $359,827 $359,827
$84,738
$131,035
$89,320
$275,089
$359,827
$490,862
$449,147
$0 $275,089
$0 $359,827
$0 $490,862
$0 $449,147
BOND FUNDS 2017-2018 Actual
C-5
C-5.8
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: Amount to be added to the reserve Date of Reserve Approval in Minutes: SUB-TOTAL Identify the amount and project to be spent Date of Reserve Approval in Minutes: Balance to be retained
C-5.9
TOTAL TO BE SPENT
C-5.1 C-5.2 C-5.3 C-5.4 C-5.5 C-5.6 C-5.7
2018-2019 Estimated $0
2019-2020 Final Approval Proposed $0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Final Budget Teton Village Improvement and Service District NAME OF DISTRICT/BOARD
FYE
6/30/2020
ADDITIONAL DETAILS 2017-2018 Actual
Add to Section R-5.3 Miscellaneous E-5.8 Other E-5.8 Other E-5.8 Other E-5.8 Other E-10.5 Program Services E-10.5 Program Services
Description Reimbursements Bank Charges Website Legal Notices Admin - Other / Contingency / Mileage Street Sweeping Road Right of Way Maintenance
2018-2019 Estimated
2019-2020 Proposed
Final Approval
DATA INPUT $14,563 $0 $90 $224 $1,758 $10,077 $0
$15,208 $0 $90 $82 $1,478 $12,000 $0
$16,400 $50 $500 $300 $7,100 $11,000 $10,000
$16,400 $50 $500 $300 $7,100 $11,000 $10,000