City of Chattanooga Ron Littlefield, Mayor

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City of ChattanoogaRon Littlefield, Mayor

• Five -Year
• Capital Improvements Plan
• Fiscal Years 2010 - 2014

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Budget Prioritization

• Enterprise Industrial Park/Volkswagen
• Infrastructure/Road Improvements
• Interceptor Sewer Upgrade
• New Fire Halls
• Fleet Replacement
• Technology Upgrade

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Total Five Year Request
Project Name 09/10 Total Request 10/11 Total Request 11/12 Total Request 12/13 Total Request 13/14 Total Request
Total General Government Agencies 11,443,641 8,625,246 922,500 850,000 805,000
Total Public Works General Fund 23,743,383 26,880,500 24,724,250 25,468,000 23,727,000
Total Public Works General ESIP 13,756,000 1,000,000 5,520,430 5,520,430 1,000,000
Total Appropriation to IDB 15,381,968 0 0 0 0
Total Parks Recreation 8,993,900 15,455,500 5,138,000 1,105,000 315,000
Total EAC 2,650,000 200,000 200,000 200,000 200,000
Total Police Department 20,914,500 1,497,100 18,330,550 976,600 986,600
Total Fire Department 13,689,881 1,821,800 2,853,350 2,146,000 3,465,000
Total Information Services 2,100,000 850,000 850,000 600,000 600,000
Total General Fund 112,673,273 56,330,146 58,539,080 36,866,030 31,098,600
       
Total Water Quality Fund 2,220,126 2,025,000 3,775,000 3,775,000 3,775,000
Total Solid Waste Fund 1,245,000 6,525,140 899,077 515,000 961,000
Total ISS Construction Trust Fund 17,926, 334 12,483,653 16,633,653 15,533,653 0
Total Other Funds 21,391,460 21,033,793 21,307,730 19,823,653 4,736,000
       
Total All Funds 134,064,733 77,363,939 79,846,810 56,689,683 35,834,600
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PROPOSED FY 2010 ALLOCATION
Project Name 09/10 Total Recommended CITY SOURCES EXTERNAL SOURCES Interfund Reallocations
Total General Government Agencies 5,246,850 4,755,637 400,000 91,213
Total Public Works General Fund 7,072,603 3,766,598 3,282,000 24,005
Total Public Works General ESIP 13,556,000 2,500,000 - 11,056,000
Total Appropriation to IDB 12,277,968 12,277,968 - -
Total Parks Recreation 700,000 200,000 500,000 -
Total EAC - - - -
Total Police Department 252,000 178,558 73,442 -
Total Fire Department 4,960,100 3,308,945 - 1,651,155
Total Information Services 3,600,000 2,100,000 1,500,000 -
Total General Fund 47,665,521 29,087,706 5,755,442 12,822,373
       
Total Water Quality Fund - - - -
Total Solid Waste Fund - - - -
Total ISS Construction Trust Fund 10,804,000 10,804,000 -
Total Other Funds 10,804,000 10,804,000 -
       
Total All Funds 58,469,521 39,891,706 5,755,442 12,822,373
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FY10 MAJOR PROJECTS
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FY10 MAJOR PROJECTS
8/18/2015
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FY10 MAJOR PROJECTS contd.
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Budget Summary
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FY10 Capital Funding Sources
Project Name General Obligation Bonds Economic Development Recovery Bonds Economic Development Gen.F/Debt Service Reserve   Other City Sources Interfund Reallocation External Sources Total Funding FY10
Total General Government Agencies 275,000 - 105,056 1,375,581   3,000,000 91,213 400,000 5,246,850
Total Public Works General Fund 250,000 - 1,357,444 2,159,154   - 24,005 3,282,000 7,072,603
Total Public Works General ESIP 1,500,000 - 1,000,000 -   - 11,056,000 - 13,556,000
Total Appropriation to IDB - 6,813,000 417,000 4,747,968   300,000 - - 12,277,968
Total Parks Recreation - - 200,000   - - 500,000 700,000
Total EAC - - - -   - - - -
Total Police Department - - - 178,556   - - 73,442 252,000
Total Fire Department 3,188,945 - 120,000 -   - 1,651,155 - 4,960,100
Total Information Services 1,500,000 - - 100,000   500,000 - 1,500,000 3,600,000
Total General Fund 6,713,945 6,813,000 2,999,500 8,761,261   3,800,000 12,822,373 5,755,442 47,665,521
                 
Total Water Quality Fund - - - -   - - - -
Total Solid Waste Fund - - - -   - - - -
Total ISS Construction Trust Fund - - - -   10,804,000 - 10,804,000
Total Other Funds - - - -   10,804,000 - 10,804,000
                 
Total All Funds 6,713,945 6,813,000 2,999,500 8,761,261   14,604,000 12,822,373 5,755,442 58,469,521
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FY10 Funding Sources
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Other City Sources
Narcotics Fund 500,000
2001/2003 Bond Interest 300,000
Fleet Lease Program 3,000,000
Reappropriation of P413 Funds 12,531,000
Reappropriation of P414 Funds 267,368
Bond Fund 24,005
Total Other City Sources 16,622,373
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External Funding Sources
ARRA Grant thru State/Stimulus 4,189,000
EPA/US Park Service 500,000
State of Tennessee 638,000
State of TN TNCare Reserves 73,442
Community Development Block Grants 355,000
Total External Funding Sources 5,755,442
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Capital Improvements Plan Fiscal Years 2010 -
2014
Project Name 09/10 Total Recommended 10/11 Total Recommended 11/12 Total Recommended 12/13 Total Recommended 13/14 Total Recommended
Total General Government Agencies 5,246,850 1,165,000 922,500 850,000 805,000
Total Public Works General Fund 7,072,603 17,505,500 17,205,500 9,538,000 23,727,000
Total Public Works General ESIP 13,556,000 1,000,000 5,520,430 5,520,430 1,000,000
Total IDB NR08 Fund 12,277,968 0 0 0 0
Total Parks Recreation 700,000 4,623,500 2,953,000 1,105,000 315,000
Total EAC 0 200,000 200,000 200,000 200,000
Total Police Department 252,000 252,000 252,000 252,000 252,000
Total Fire Department 4,960,100 1,688,300 2,130,000 2,146,000 2,465,000
Total Information Services 3,600,000 850,000 850,000 600,000 600,000
Total General Fund 47,665,521 27,284,300 30,033,430 20,211,430 29,364,000

Total Water Quality Fund 0 2,025,000 3,775,000 3,775,000 3,775,000
Total Solid Waste Fund 0 6,525,140 250,000 515,000 961,000
Total ISS Construction Trust Fund 10,804,000 11,483,653 16,633,653 15,533,653 0
Total Other Funds 10,804,000 20,033,793 20,658,653 19,823,653 4,736,000

Total All Funds 58,469,521 47,318,093 50,692,083 40,035,083 34,100,000
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Total General Fund Debt Service 2001 2010
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Outstanding Debt
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Current Debt Profile
The City has traditionally retired its general
obligation debt at a rapid rate. The City will
retire approximately 33.9 of outstanding debt
within 5 years, approximately 62.5 within 10
years and 86.7 within 15 years.
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Current Debt Profile
The following charts and tables are profiles of
the Citys self-supporting debt.
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CDRC Lease and Hotel-Motel Tax Debt
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Current Debt Profile
The following charts and tables are profiles of
the Citys enterprise debt.
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Current Debt Profile
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Unreserved Fund Balance as a of General Fund
Expenditures
Positive
Benchmark Aaa 19 Aa 21
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Unreserved General Fund Balance as a of General
Fund Operating Revenue (Including Transfers In)
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Unreserved General Fund Balance as of General
Fund Operating Expenditure (Including Transfers
Out)
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General Fund Balance as a of General Fund
Operating Revenue (Including Transfers In)
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General Fund Balance as of General Fund
Operating Expenditure (Including Transfers Out)
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Net GO Debt as of Assessed Value
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Net GO Debt as of Market Value of Taxable
Property
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Overall Debt Per Capita
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Net Debt Per Capita
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Net Debt per Capita as of Per Capita Personal
Income
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Net Overlapping Debt per Capita as of Per
Capita Income
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Debt Service Fund as a of General Fund
Expenditure (Excluding Transfers Out)
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Debt Service Fund as of General Fund Operating
Expenditures (Including Transfers Out)
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Overlapping tax as of Market value of Taxable
Property
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ADS ratio is current year revenues available for
debt service divided by current year total debt
service. Indicates the financial margin to meet
total ADS with current revenues available for
debt service (a key ratio per Fitch) Fitch
benchmark is 1.8 A and 2.3 for AA. Days cash
on hand, another key ratio is 535 days vs. 332
days for AA rated systems. Indicates financial
flexibility.
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Interceptor Sewer Key Ratios
Most recent three-year historical average of
annual revenues available for debt service
divided by respective debt service for the year.
This ratio indicates the historical trend in
additional debt service coverage.
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Interceptor Sewer Key Ratios
Current-year revenues available for debt service
divided by current-year debt service. This ratio
indicates the financial margin to meet current
annual debt service with current revenues
available for debt service.
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Interceptor Sewer Key Ratios
Current unrestricted cash and investments plus
any restricted cash and investments (if available
for general system purposes), divided by
operating expenditures minus depreciation,
divided by 365. This ratio indicates financial
flexibility.
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