Board of Trustees

MEETING NOTICE Village of Scarsdale A Work Session of the Scarsdale Village Board of Trustees is scheduled for 6:00 PM on Tuesday, February 7, 2023. The meeting will be held in Rutherford Hall located on the 2nd Floor in Village Hall. Members of the public wishing to participate in the meeting remotely can do so via online link at https://zoom.us/j/93183703358, or call into the meeting using 1-929-436-2866 and entering the Meeting ID 931 8370 3358.* Agenda 1. Budget Discussions CS: 02-03-23 E-MAIL: Journal News (Lohud) Scarsdale 10583 Scarsdale Hamlet Hub Scarsdale Inquirer The Daily Scarsdale cc: Lobby Bulletin Board *For a brief Zoom tutorial or to troubleshoot a problem, see here: https://support.zoom.us/hc/en- us/articles/205566129-Raise-Hand-In-Webinar. For other user questions, please visit the Zoom Help Center: https://support.zoom.us/hc/en-us. FY2023-2024 CAPITAL REVIEW AND FOLLOW UP ITEMS ANNUAL BUDGET PRESENTATION Tax Levy Percent Increase 5 Year Rolling Average 9% 8% 7% 6% 5% 4% 2007-2011 2002-2006 Avg: 5.88% 3% Avg: 5.96% 2% 2012-2016 Avg: 3.84% 1% 2017-2021 Avg: 2.43% 0% Fund Balance Options Percent of Percent of Total Remaining Unassigned Value of Unassigned Fund Balance of Budget Resulting Tax Policy Fund Balance Appropriation Balance Unassigned (Gap)/Surplus Rate Increase Appropriated Appropriated Fund Balance 20.0% $ 4,325,000 23.6% $ 14,002,009 $ (3,098,000) 6.94% Range of Current Fund 17.5% $ 6,150,000 33.6% $ 12,177,009 $ (1,273,000) 2.85% Balance Policy 15.0% $ 7,540,000 41.1% $ 10,787,009 $ (117,000) 0.26% Range of Previous Fund 12.5% $ 9,630,000 52.5% $ 8,697,009 $ 2,207,000 4.94% Balance Policy 10.0% $ 11,370,000 62.0% $ 6,957,009 $ 3,947,000 8.84% Historical Review of Key Revenue Projections vs Actual 3% 7% 3500000 3000000 .8% 3000000 -7% 2500000 2500000 2000000 -1% -4% -4% -6% 7% 2000000 -3% 1500000 1500000 1000000 1000000 500000 500000 0 0 Sales Tax Parking Parks and Use of Building Sales Tax Parking Parks and Use of Money Building Revenue Recreation Money and Department Revenue Recreation and Property Department Revenue Property Revenue Revenue Revenue Projected FY19 Actual FY19 Projected FY20 Actual FY20 Historical Review of Key Revenue Projections vs Actual –Continued 11% 5% 4000000 4500000 3500000 4000000 3000000 12% 3500000 4% 3000000 2% 2500000 12% 2500000 2000000 -5% 5% 2000000 1500000 -15% 1500000 -15% 1000000 1000000 500000 500000 0 0 Sales Tax Parking Parks and Use of Building Sales Tax Parking Parks and Use of Building Revenue Recreation Money and Department Revenue Recreation Money and Department Revenue Property Revenue Revenue Property Revenue Projected FY21 Actual FY21 Projected FY22 Actual FY22 First Pass Budget Gap Increase in Equipment Capital Project Changes Engine 56 – Cost of $900,000 moved to FY24 Funding Source moved from General Fund to Debt Issuance Crane Road – FY24 Cost changed from $200,000 to $50,000 FY25 Increased to $150,000 Funding Source from General Fund for FY24 Reduced $50,000 Updated General Fund FY24 Request to $3,698,474 Reduced Budget Gap to $7,255,500 FY24 Capital Funding Recommended for Debt Issuance Priority Project Request H Pool Project - Design Development & Construction $ 1,140,000 H Engine 56 Replacement $ 900,000 H DPW Vehicle Replacement Program $ 2,209,000 High $ 4,249,000 M Public Buildings - Freightway Garage Renovation $ 596,292 M Public Buildings - Freightway Design/Bid $ 65,060 Medium $ 661,352 Recommended from General Fund General Fund – High Priorities Request Title FY2024 Capital Cost Crane Road Traffic Safety $ 50,000 Popham Road Re-Configuration $ 65,000 Village Center Placemaking Project $ 167,500 Conversion of Garage to Snow Truck Wash Bay $ 20,000 Freightway Parking Garage Security System Upgrade - Phase $ 30,000 Crossway Firehouse Renovation $ 35,000 Portable Sewer Camera $ 40,000 Crossway Firehouse Brick Repairs $ 40,000 Rutherford Hall Soffit Repairs $ 45,000 Girl Scouts House Renovations - CDBG $ 60,000 Wayside Cottage Exterior Painting $ 60,000 Central Garage Fire Alarm System Replacement and Upgrade $ 65,000 Brush Chipper for Emergency Storm Response & Recovery $ 125,000 Village Hall HVAC Upgrades and Replacements $ 170,000 Highway Improvements – Priority Curb Program $ 50,000 Storm Drainage – Cleaning and CCTV Inspection $ 75,000 Pathway Program - New Construction Along Olmsted Road $ 80,000 Public Buildings - Freightway Garage Short Term Repairs $ 100,000 Storm Drainage – Pipe Lining Program $ 130,000 Highway Improvements - Sidewalk and Pathway Restoration $ 155,000 Storm Drainage – Drainage Improvements $ 200,000 Village wide stormwater improvements $ 300,000 Highway Improvements - Road Resurfacing Program $ 957,974 $ 3,020,474 General Fund – Medium Priorities Crossway Field Improvements $ 150,000 Refuse Fleet Cameras $ 128,000 Sanitation Incinerator Building Removal $ 350,000 Pathway Program - New Construction Along Wayside Lane $ 50,000 $ 678,000