HomeMy WebLinkAboutCouncil Actions 03-10-01 BudgetREVISED
ROANOKE CITY CO UNCIL
BUD GET/FINANCIAL PLANNING WORK SESSION
MARCH 10, 2001
8:30A.M.
THE HO TEL ROANOKE
SHENANDOAH ROOM A ~ ~,
AGENDA FOR THE COUNCIL
1. Call to Order.
2. Roll Call.
3. Remarks by the Mayor, Council Members, City Manager
and Director of Finance.
4. Economic Trends.
5. Review of City Council's Financial Planning Session-
March, 2000.
6. What has changed since March, 2000?
7. Projects Requiring Funding.
8. Capital Project Funding Options and Next Steps.
9. Debt Service Issues.
10. Estimated Revenues for FY 2002.
11. Priority Funding Items for FY 2002.
12. Status of School Budget.
13. HUD Budget Overview.
14.
15.
Items Referred to Financial Planning.
Adjournment.
2
MARY F. PARKER, CMC
City Clcrk
CITY OF ROANOKE
OFFICE OF CITY CLERK
215 Church Avenue, S.W., Room 456
Roanoke, Virginia 24011-1536
Telephone: (540) 853-2541
Fax: (540) 853-1145
E-mail: clerk@ci.roanoke.va.us
March 7, 2001
STEPHANIE M. MOON
Deputy City Clerk
The Honorable Mayor and
Members of Roanoke City Council
Roanoke, Virginia
Dear Mayor Smith and Members of Council:
The Council's Budget/Financial Planning Session is scheduled for Saturday, March 10 at
8:30 a.m., in Shenandoah Room A at The Hotel Roanoke which is located across from the
Regency Room.
Free parking is available in the First Union Tower Parking Garage and you may use the
pedestrian bridge for access to the hotel. If you elect to park at the hotel, daily parking
charges are $5.00, or $7.00 for valet parking, and you will be provided with a parking
voucher. A continental breakfast will be available at 8:00 a.m., in the meeting room.
Lunch will be from 12:00 noon to 1:00 p.m., in the Regency Room. The meeting is
scheduled to conclude at 3:30 p.m., and casual attire is suggested.
For your information, I am forwarding copy of the proposed agenda.
Sincerely,
Mary F. Parker, CMC
City Clerk
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Darlene L. Burcham, City Manager
William M. Hackworth, City Attorney
James D. Grisso, Director of Finance
Willard N. Claytor, Director of Real Estate Valuation
Robert H. Bird, Municipal Auditor
JAMES D. GRISSO
Director of Finance
March 14, 2001
CITY OF ROANOKE
DEPARTMENT OF FINANCE
215 Church Avenue, S.W., Room
R O. Box 1220
Roanoke, Virginia 24006-1220
Telephone: (540) 853-2821
Fax: (540) 853-2940
JESSE A. HALL
Deputy Director
The Honorable Ralph K. Smith, Mayor
1801 Prospect Road, S. E.
Roanoke, Virginia 24014
Dear Mayor Smith,
This is in response to your questions related to School debt service expenditures during our
Financial Planning work session, March 10, 2001.
You asked if we could provide in one financial statement, the total cost of operating our School
system. The enclosed Exhibit 2 ,for June 30, 2000, accomplishes your request. The City paid,
on behalf of the Schools for F¥2000, $1,785,947 debt service (principal and interest). The School
fund provided $3,121,726 debt service. Total debt service was $4,907,673 (Principal of
$2,554,362 and Interest of $2,353,311).
Also, enclosed is the June 30, 2000 Comprehensive Annual Financial Report (CAFR) of the
School Board, which is published annually by the School Administration.
We trust you will find this information responsive to your questions from the session. Should you
need additional information, please do not hesitate to contact me at 853-2821.
Sincerely,
s D. Grisso
Director of Finance
JDG:s
Attachments
C'
The Honorable William H. Carder, Vice Mayor
The Honorable William D. Bestpitch, Council Member
The Honorable C. Nelson Harris, Council Member.
The Honorable Ralph K. Smith, Mayor
March 14, 2001
Page 2
The Honorable W. Alvin Hudson, Jr., Council Member
The Honorable William White, Sr., Council Member
The Honorable Linda F. Wyatt, Council Member
Darlene L. Burcham, City Manager
William M. Hackworth, City Attorney
Mary F. Parker, City Clerk
Jesse A. Hall, Deputy Director of Finance
Barry S. Key, Manager, Management and Budget
Ann H. Shawver, Manager of Accounting Services
THE SCHOOL BOARD OF THE CITY OF ROANOKE,
Combined 8tatament of Reveau~, ~ltum~ ami
Changes in Fund Balance
Exhibit 2
RI:
Tmal
Current- Educalio~ In~lruc~n
Pupil T~ Servi~
T~ ~
F~Balano~Ju~l,19~
FundBMme~June~,2{X)O
Total
~ Spec~ Cal~ai (Mc. momndum
165,796 $ - $ 6,674
43,801,361 1,785,947 - _
47,593.897 - 1,938,304 164,646
112,796 - 11,216,516 -
1,760,941 - 2.131,991 -
52,993 - - 23,061
93,487,776 1,785,947 15,193,485 167,707
70,819,702 -
3,590,314 -
3,625,129 -
9,5g6,146 -
2,508,281 -
- 2,353,311
12,182,512
215,208
70,700
35,806
4,164,810
1,025
172,472
45,587,308
49,596,847
11,329,312
3,892,932
76,044
110,654,915
93,002,214
3,805,522
3,695,829
9,631,952
4,164,810
12, 217,065
2,554,362
2,353,311
93,13e.5~2 4,907,6'/3 16,670,061 9,707,779 121,425,065
3,348,224 (3,121,726) (1,476,576) (9,520,072) (10,770,150)
- 9,082,000 9,082,000
- 3,307,695 3,307,695
1,716,m7 - 5,061,626
(271,44s) - (s,OSl,S2s)
1~443~941 17~359,695 17,389,695
(32,93~) 7,1~!t,623
3~,7eo
214,813
(4,780,180)
(1,217,143)
1~745,765
3,121,72~
3,121~728
$~$ 94,~ om s
6,619,545
(3,Sm,935)
3,013,610
23