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Vision, Mission, and Strategic Priorities
FY 2021 Budget
Revenue Budgets
When projecting revenues for the budget, accounts are analyzed to establish historical trends. Staff will then utilize these trends along with outside resources such as the Utah State Governor’s Office of Economic Development and the Salt Lake County M ayor’s Office. Staff will also review the analytics against planned projects or programs, as well as any inside knowledge of additional items that may not be included in a simple historical analysis or from outside entities, such as a current analysis of the development activity and what projects might be coming.
Due to the current COVID‐19 crisis, great care has been taken to establish the revenue budgets. The main source of revenue for the general fund, sales tax, has historically been averaging an 8% annual increase. However, because of the current state of the economy and the unk nown nature of the current crisis, staff has recommended a decrease of 5%, which coincides with a recent study and analysis performed by the Utah League of Cities and Towns.
Expenditure Budgets
The following are the budgetary departments for the FY 2021 budget.
City Council Mayor’s Office City Manager’s Office City Recorder’s Office Utilities Non‐departmental (includes insurance, general office supplies, etc) Operational Services (includes fleet, purchasing and building maintenance) Administrative Services Development Services (includes animal control services and code enforcement) City Attorney’s Office Police Operations Public Works Communications & IT Parks & Publi c Services (includes Parks, Recreation, Celebration, and Cemetery) Wages & Benefits Committees & Boards Transfers & Fund Balance
Riverton City provides many different services to its residents. The City maintains multiple fund classifications, namely the general fund, capital projects funds, and enterprise funds. Most City employees perform tasks that benefi t more than one fund. In order to properly account for both the employee costs and associated supplies, or other expenditures, costs are allocated between various funds.
If a department provides services to multiple funds, not all accounts within the department will be cost allocated. Each account is reviewed individually to determine if it includes expenditures that will need to be cost allocated. Th e following departments provide services in more than one fund. Costs for these departments are shared, or allocated, between the funds they serve. Sharing resources allows for greater efficiency and elimination of duplicated effort. Cost allocation is determined based on quantifiable measures as follows:
General Administrative Split
The City has a general administrative split, which is based on the number of employees, number of accounts payable checks issued, and number of purchase orders awarded. A rounded average is calculated and applied across all departments that provide general services to multiple areas of City operations. The split for FY 2019‐2020 is 60% to the gen eral fund, 15% to culinary water, 15% to secondary water, and 10% to storm water.
Expenditures for the following departments are budgeted using this 60/15/15/10 general administrative split.
Public Works
Operational Services Administrative Services City Attorney’s Office Public Works Communications & IT
In addition to the general administrative split, some accounts within the Public Works department are cost allocated to other funds according to construction and maintenance projects. In these instances, employees’ wages and benefits are indi vidually allocated according to their projected workloads and could be allocated to other funds such as the Riverton Economic Development Infrastructure and Investment Fund or other applicable capital projects funds. For example, all of the street maintenance expenditures are allocated fully to the class ‘C’ roads fund.
Water
Expenditures for the water department are generally allocated 70% culinary and 30% secondary. Exceptions to this 70/30 split are items that are specifically attributed to either the culinary or secondary system. In those instances, 100% of the expenditure is budgeted by the appropriate fund.
MAYOR’S TENTATIVE BUDGET FISCAL YEAR 2020-2021
