Town Code & Ordinances Ordinance — Ordinance-24-04

ORDINANCE NO. 24.04

INTRODUCED BY:

AN ORDINANCE OF THE TOWN OF QUEENSTOWN ADOPTING

A

GENERAL BUDGET FOR THE FISCAL YEAR BEGINNING

JULY 1,2024 AND ENDING JUNE 30,2025 AND ESTABLISHING

A REAL PROPERTY TAX RATE OF $ .2312 PER $1OO OF

ASSESSED REAL PROPERTY VALUE, A TAX RATE OF $ .58

PER $IOO OF ALL ASSESSED COMMERCIAL OR BUSINESS

PERSONAL PROPERTY, AND A TAX RATE OF $2.00 PER $1OO

OF ASSESSED PUBLIC UTILITIES; AND ALSO ADOPTING AN

ENTERPRISE BUDGET FOR THE TOWN'S WATER AND SEWER

OPERATIONS, WHICH INCLUDES AN INCREASE TO MONTHLY

WATER AND SEWER CONSUMPTION RATES BY EIGHT

PERCENT (8%), AS ADOPTED JUNE 22,2022.

WHEREAS, Sections 19-33 and 19-34 of the Queenstown Town Charter requires the Town to operate on an annual budget; and WHEREAS, the budget for the fiscal year beginning on July l, 2024 and ending June 30,2025, was submitted to Commissioners of Queenstown on May 20,2024, ffid introduced on May 22,2024, ffid is attached hereto as Exhibit "A" ("General Budget");

and WHEREAS, the Town has determined that is desirable and in the public interest, and consistent with state law, to adopt an enterprise budget for the Town's water and sewer operations, which is attached hereto as Exhibit "B" ("Water/Sewer Budget"); anA WHEREAS, Section 19-33 of the Queenstown Town Charter requires, prior to the adoption of the budget, the holding of a public hearing and the Town, having held a

public hearing on the General Budget and the Water/Sewer Budget on June ti, Z0Z4;

and NOW THEREFORE, the Commissioners of Queenstown hereby ordain as follows:

Section 1.

That the Commissioners of Queenstown hereby adopt, for the fiscal year beginning July 1,2024, and ending June 30,2025, the General Budget attached hereto as Exhibit "A"; and the Water/Sewer Budget attached hereto as Exhibit B, which are incorporated by reference herein.

Section 2.

That the tax rates for the Town of Queenstown for the fiscal year l, beginning July 2024, and ending on June 30, 2025, shall be $.23 12 per $lgb of assessed real property value, $ .58 per $100 of assessed value on all commercial and business personal property, ffid $2.00 per $100 of assessed value on all public utilities.

3.

Section That the water and sewer consumption rates for the Town of Budget Ordinance (FY 2024-2025) Ordinance 24-04 Page I of2 Queenstown for the fiscal year beginning July 1,2024, and ending on June 30,2025, shall increase \yo, as was adopted by Ordinance 22-06 on June 22, 2022, which established the fees as follows:

Monthlv Volumetric Water Charges Effective Dqte: July l, 2024 l" 7,000 gallons $4.07 > 7,000 gallons $4.5I > I5,000 gallons $5.64 Monthlv Volumetric Sewer Charges Effective Dqte: Julv I, 2024 l" 7,000 gallons $ 10.77 >7,000 gallons $ I I.9s > I5,000 gallons $t 4.95 This ordinance shall become effective on the first day of July, 2024.

ORDAINED, APPROVE PASSED by the Town Commissioners for this the Town of Queenstown on day of June, 2024.

WITNESS FOR THE TOWN OF QUEENSTOWN

COMMISSIONERS OF QUEENSTOWN

Aaron Horney, To Budget Ordinance (FY 2024-2025) Ordinance 24-04 Page 2 of2 May 22,2024 Proposed TOWN OF QUEENSTOWN FY 2025 GENERAL FUND BUDGET Page 1

FY 2025

PROPOSED

OPERATING EXPENSES:

Personnel Costs 364,466 342,746 Facilities & Equipment Costs 1 15,400 46,650 Program & Direct Operating Expenses 176,375 65,375 1 General & Administrative 109,850 98,750 Depreciation Expense 53,400 51.700

TOTAL OPERATING EXPENSES (819,491) (705,2211

PROGRAM REVENUES:

Licenses & Permits 30,000 29,1 00 Marine Income 7.330 7,330 Total 37,330 36,430 Operatinq Grants and Contributions State Shared Highway Taxes 58,270 49,395 County Tax Differential 41,230 41,230 Other Income 13,670 12,170 Total 113,170 102,795

FY 2025

Page 2

PROPOSED

TOTAL PROGRAM REVENUES $ 150,500 $ 139,225

(totals from previous page)

NET PROGRAM

(EXPENSE) REVENUE $ (668,991) $ (565,996)

GENERAL REVENUES

Real & Personal Property Taxes Real Property $ 346,683 $ 342,295 Personal Property 191 ,970 171 ,972 Interest on Delinquent Taxes 800 800 State Shared Taxes - Income Taxes 180,000 155,000 Interest income 5.500 5.500

TOTAL GENERAL REVENUES $ 724,953 $ 675,567

TNCREASE (DECREASE) rN

UNRESTRICTED NET ASSETS $ 55,962 $ 109,571

(Net program expense + General Revenues) pRoJEcrs ANflctpArED cAptrAL $ (55,962) $ (100,000) Proposed: Purchase of bucket truck, street paving, inf rastructure repair/replacement

TRANSFER OF EXISTING CASH RESERVES $

F|NAL TNCREASE (DECREASE) tN $ UNRESTRICTED NET ASSETS 9,s71 TOWN OF QUEENSTOWN Page 1

FY 2025 GENERAL FUND SUBSIDIARY SCHEDULES

FY 2025

PROPOSED

Personnel Gosts:

70110 Salaries - Administrative 154,740 150,539 70115 Payroll Taxes - All Employees 18,740 17,546 70125 Medical & Life Insurance - Administrative 15,335 14,440 70126 Medical & Life Insurance - Admin Fees 3,510 2,953 70135 Pension Expense - Administrative 18,172 16,720 70140 Pension Exp Ammoratized - Administrative 6,725 6,725 70155 Pension Administration Fee 900 875 70205 Meetings & Travel 7,500 7,500

70210 Salaries - Public Works 90,220 79,660 70320 Medical & Life Insurance - PW 29,860 28,355 70420 Pension Expense - PW 10,494 9,754 70460 Pension Exp Ammoratized - PW 7,880 7,890 70500 Unemployment Comp. 400 900 Total Personnel Costs 364,466 342,746 Facilities & Equipment Gosts:

71310 Otfice Equipment Rentals 1,900 1,900 71320 Office Equipment Repairs 250 250 71330 Utilities - Municipal Office 3,900 3,900 71335 Insurance - Property & Liab. 14,500 14,000 71340 Repairs & Maint - Mun. Office 20,000 1,900 71220 Repairs & Maint - Court House 2,000 2,500 71510 Gas/Oil - Vehicles & Equipment 7,000 7,000 71520 Repairs & Maint - Vehicles 2,400 1,500 71530 Repairs & Maint - Equipment 4,500 5,000

7 1540 Operating Equipment 1,500 1,500 71400 Park - Operating Expenses 1,500 1,500 70130 Dock Repairs 500 500 71110 Dock Electric 850 700 71120 Dock Garbage Collection 4,900 4,900 72553 Water/Sewer Line R&M 50,000 Total Facilities & Equipment 1 15,400 $ 46,650 FY 2025 Page 2

PROPOSED

Proqram & Direct Operatinq Expenses 72220 Queenstown Vol. Fire Co. 14,000 14,000 72200 Communig Policing 5,000 5,000 72410 Waste Collection 65,000 62,000 72420 Recycling Collection 13,500 12,000 72170 Mosquito Control 4,725 4,725 72430 Landfill Fees 2,000 1,500 72360 Street Repair 1,000 1,000 72310 Gurb & Concrete Work 5,000 2,000 72340 Stormwater Ditch Maint. 10,000 7,500 72150 Tree Maint. 5,000 4,000

72110 Grass Mowing 72130 Operating Supplies - General 9,500 9,500 72350 Street Lighting 22,000 23,000 72160 Misc. General Labor 500 500 72165 Project Management 1,000 1,000 72330 Snow Removal 1,000 1,000 72180 Other General Operating Exp. 2,000 2,000 73350 Community Programs 11,000 11,000 7 337 0 Holiday Dec/Celebrations 4,000 3,500 73380 Town Yard Sale Costs 150 150 Total Program & Direct Operating Expenses 176,375 165,375

General & Administrative 731 00 Advertising/Legal Notices 1,500 1,500 73110 Dues & Subscriptions 4,000 2,950 73130 Election Costs 1,000 1,000 73150 Misc. Office Help 731 55 Cleaning Services 5,200 5,500 73160 Office Supplies 2,500 2,000 73165 lTMeb Services 5,500 2,500 73170 Other Administrative Exp. 4,500 5,000 73180 Other Municipal Expense 10,000 10,000 73190 Postage 4,700 4,700 73200 Telephone - General 7,750 8,500

73250 Internet - Otfice 2,400 2,400 7 3320 Planning Commission 500 500 73410 Shorescan 2,000 2,000 73510 Accounting/Audit Fees - Gen. 13,500 9,600 FY 2025 Page 3

PROPOSED

73550 Legal Counsel 25,000 20,000 73570 MDIA Inspection Fees 3,000 3,000 73575 Code Enforcement 4,900 2,600 73580 Other Planning Exp - Planner 12,000 15,000 Total General & Administrative $ 109,850 98,750 Depreciation Expense 7 4100 General/Buildings 18,400 18,400 74300 Highways & Streets 17,000 17,000 74500 Parks & Recreation/Dock 18.000 16,300 Total Depreciation Expense $ 53,400 51,700 Licenses & Permits

40120 TV Franchise Fees 6,000 5,100 40310 Building Permits 3,500 3,500 40330 Traders Licenses 20,000 20,000 40500 Other 500 500 Total Licenses & Permits 30,000 29,100 Marine Income 40900 Slip Rent 6,630 6,630 40910 Ramp permit fees 700 700 Total Marine Income 7,330 7,330 Hishwav Taxes 40210 Highway User Taxes 58,270 $ 49,395 fY 20xt Page 4

PROPOSED

Gountv Tax Differential General g 40150 County Tax Differential - 41,230 Other Income 40552 Critical Areas $ 1,000 $ 1,000 40700 Bank Shares 370 370 40711 Community Programs Donations 7,500 6,000 40725 Office Rentals 4.800 4,900 Total Other Income $ 13,670 $ 12,170

GENERAL REVENUES

Real Property 40100 Real PropertyTax $ 3,16,683 t.2312) g 912,295 l.2g12l Personal Property 40000 Personal/Corporation Prop Tax $ 124p00 $ 104,000 40050 Public Utility Prop Tax 67,970 qp72 (tax - $2.00 per 9100) $ $ 191,970 171,972 Interest on Delinquent Taxes 40175 Interest $ 800 $ 800 State Shared Taxes 40200 Local Income Tax $ 180,000 $ 155,000 Interest Income $ $ 40750 lnterest Income - General 5,500 s,soo

TOWN OF QUEENSTOWN Page I

FY 2025 WATER/SEWER FUND BUDGET

OPERATING EXPENSES:

Facilities & Equipment Costs 263,900 242,470 Program & Direct Operating Expenses 294,500 273,250 General & Administrative 19,500 17,900 InteresUPrincipal Expense 237,257 237,257 Depreciation Expense 90.1 66 90,1 66

TOTAL OPERATING EXPENSES $ (904,323) (860,943)

PROGRAiI REVENUES:

Sewer & Water Services 849,625 819,195 Interest income 3,000 3,000 Water/Sewer Account Receivables 34.037

TOTAL PROGRAM REVENUES $ 886,662 822,195

SUB-TOTAL PROGRATI

(EXPENSE) REVENUE $ (18,201) (38,748)

TRANSFER OF EXISTING CASH REVENUES $ 19,201 $ 38,749

NET PROGRAM (EXPENSE) REVENUE $ $

May 22, 2024 Proposed TOWN OF QUEENSTOWN Page 1

FY2O25 WATER/SEWER FU ND SUBSIDIARY

ff

2025 FY 2024

.DRAFT

ADOPTED

Facilities & Equipment Costs:

72570 Utilities - Electric 1 15,000 84,845 71335 Insurance - Property & Liab. 7,900 6,600 72500 Bay Restoration Fees 24,700 25,000 72551 Repairs & Maint - W/S Plants 95,000 85,000 72552 Repairs & Maint - Towers 15,000 15,000 60000 Real Prop Tax on Tower/Cellular Equip 6,300 6,025 Total Facilities & Equipment $ 263,900 222,470 Program & Direct Operating Expenses 72130 Operating Supplies - W/S $ 10,000 4,500

72510 W/S Operation Fees 165,000 165,250 72520 Lab Fees 12,500 10,500 73530 Engineering Fees 3,000 2,500 72530 Chemicals 50,000 40,000 72560 Sludge Disposal 35,000 25,000 72180 Other W/S Operating Exp. 500 500 73590 Tower Consultant Fees 19,500 25,000 Total Program & Direct Operating Expenses 294,500 $ 273,250 General & Administrative 73200 Telephone/Alarms - W/S 3,800 3,400 73510 Accounting/Audit Fees - W/S 4,250 3,050

73100 Advertising/Legal Notices - W/S 500 500 73110 Dues and Subscriptions 250 250 73105 Muni-Link 4,700 4,400 73115 Smart Site GIS 1,200 73250 Internet Services 3,000 3,000 73550 Legal 2.000 2,000 Total General & Administrative 19,500 $ 17,900

TOWN OF QUEENSTOWN

Page 2

FY2O25 WATERYSEWER FU ND SUBSIDIARY

FY 2025 FY 2024

PROPOSED ADOPTED

nteresUPrincipal Expense

I

73420 Interest Expense 114,275 117,237 73430 Principal Expense 121,592 119,620 73460 Loan Admin. Fees 1.400 1.400 Total lnteresUPrinicpal Expense $ 237,257 237,257 Depreciation Expense $ 74600 WaterMastewater 90,166 90,1 66

PROGRAM REVENUES:

Sewer & Water Services 41200 Sewer Service - Debt 196,060 196,060 41300 Water Service - Debt 44,705 44,705 41250 Sewer Service - Consumption 200,365 189,540 41350 Water Service - Consumption 77,100 76,075 41100 Bay Restoration Fees Payable 26,000 25,000 4140O Penalties Revenue 9,000 8,900 40150 County Tax Set-off - W/S Allocation 123,690 123,690 40950 Rent - Cellular Leases 124,255 149,300 41455 Miscellaneous 1,000 1,000

40155 BNRyENR O & M Grant 32,750 40955 Real Property Tax - Water Towers 6,300 6,025 41 465 Adm inistrative Fees 9.400 Total Sewer & Water Services 849,625 819,195 Interest Income 40750 Interest Income - W/S 3,000.00 $ 3,000 Water/Sewer Accounts Receivables 34,037