The Altus City Council had a second special meeting Tuesday evening to review and discuss the fiscal year 2016-2017 budget.
Present for the open meeting was Matt Wojnowski, assistant city manager; Jan Nefield, city chief financial advisor; council members Rick Henry, Chris Riffle, Perry Shelton, Doyle Jencks, Kevin McAuliffe and Jon Kidwell; Freddy Perez, golf and parks supervisor; and Theresa Jameson, city parks and recreation supervisor.
Nefield opened the meeting by explaining the list of descriptions in all funds for the City of Altus.
The general revenue fund for fiscal year 2014, 2015 and an estimate 2016, based on a three-year average was added and totalled. The difference of the three-year average was then subtracted, and that was the proposed budget number for the fiscal year 2017. The proposed revenue from the 2017 general fund is $14, 188, 891.44. The same formula was used for proposed revenue from the 2017 enterprise fund, a total of $42,194,723.65
The general fund expenses were first presented by category: Personnel services 69 percent, materials and supplies 7 percent, fund transfers 7 percent, capital outlay 6 percent and other services and charges 11 percent. Those category expenses were then broken down by departments, totalling $13, 616, 026.76
The Altus Municipal Authority or AMA fund expenses also were presented by category: Material and supplies 40 percent, fund transfers 22 percent, capital outlay 17 percent, personnel services 10 percent, other services and charges 6 percent and debt service 5 percent. Those categories expenses were broken down by departments, totalling $42,212,723.65
The City of Altus budgeted positions total for fiscal year 2015-2016 was 226 and for fiscal year 2016-2017 the total is 272.
The 2015-2016 health insurance for active employees and retirees with single or family policies annual grand total cost paid for by the City of Altus each year is $1,852,056.96.
The last part of the budget discussed was the capital requests for fiscal 2016 from each department from the AMA and the city, which grand totalled requested was $9,703,944.66, the funded budget was $3,262,647.62
Funded total in reserves to capital improvement was $2,363.420.04
Council members focused on the emergency fund, capital improvements, sales tax revenue, and infrastructure, personnel and health insurance. Staff is researching the Ensure Oklahoma health insurance and other financial areas to attempt to be be as conservative as possible.
Reach Mary O. Esparza at 580-482-1221 ext 2077.