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Home My Public Portal About2017-04-13 packetNotice of Meeting and Tentative Agenda CITY OF JEFFERSON Finance Committee Thursday, April 13, 2017 at 7:30 AM City Hall, 320 E. McCarty Street, Jefferson City, MO ~ Boone-Bancroft Room TENTATIVE AGENDA 1. Call to Order 2. Roll Call 3. Approval of the minutes of the March 9, 2017 meeting 4. Financial Reports a. Sales Tax Report b. Revenue Model Report c. Expense Report d. Fund Balance Report 5. Lodging Tax Report 6. Update and Funding Participation Request from Chamber of Commerce on Port Project Feasibility Study – Randy Allen 7. Compensation & Classification Study Job Classification & Pay Plan Analysis (Exhibit A) Corrections – Steve Crowell 8. Charter Amendment Ordinance – Ryan Moehlman 9. New Business 10. Old Business 11. Go Into Closed Session Pursuant to Sec. 610.021 of Revised Statutes of Missouri, the Chair will entertain a motion to go into Closed Session to discuss the following: a. Negotiated Contract [Sec. 610.021 (12)] 12. Adjournment NOTES Individuals should contact the ADA Coordinator at (573) 634-6570 to request accommodations or alternative formats as required under the Americans with Disabilities Act. Please allow three business days to process the request. CITY OF JEFFERSON Finance Committee Meeting Thursday, March 9, 2017 MINUTES The meeting was called to order by the Finance Committee Chairman, Councilman Prather at 7:30 am. Roll call showed that Councilmen Prather, Mihalevich, Graham, Henry, and Hussey were in attendance. Next the minutes of the February 9, 2017 meeting were reviewed. A motion to approve was made by Councilman Henry and seconded by Councilman Graham. The minutes were approved unanimously. The next item was taken out of order. Kevin Bagby, the Chairman of the Firemen’s Pension Board, made a presentation to the Committee updating them on the progress that has been made in moving the current Firemen’s Pension Fund members to Lagers. In order to complete this process, Mr. Bagby request that three necessary documents be moved to full Council for approval. Those documents are 1) an ordinance amending the current Firemen’s Pension Plan document, 2) an ordinance approving s joinder agreement between the Firemen’s Pension Plan and Lagers, and 3) an ordinance approving a nondisclosure agreement between the City of Jefferson and Lagers. A motion was made to move the three documents to the full Council by Councilman Hussey and seconded by Councilman Henry. The motion passed unanimously. The next item was taken out of order. City Counselor, Ryan Moehlman, led a discussion about the request for a Columbia Airport Revenue Guarantee for United Airlines. The City’s portion of the guarantee is $100,000 to be held in escrow during a 1 year contract period. A motion was made to move the request to full Council by Councilman Mihalevich and seconded by Councilman Hussey. The motion passed unanimously. The next item on the agenda was a report by the Finance Director, Margie Mueller, covering the Financial Reports. Ms. Mueller reviewed the Revenue Model, the March sales tax receipts, year-to-date general ledger account information, and the current fund balance calculation. The next item on the agenda was a report by Chief Accountant, Shiela Pearre, covering the Lodging Tax receipts to date. 4/7 of the Lodging tax collected during the timeframe where the rate has been 7%, less any expenses paid by the 4 Cent Lockbox Fund, is $3,681,710. The average monthly amount collected for the 4 Cent Lockbox Fund is $51,887. A report comparing occupancy rates for 2017, 2016, 2015, 2014, 2013 and 2012 was included along with a report listing occupancy rates from other cities. The next item on the agenda was a discussion lead by Mr. Moehlman, regarding amending the limitations on the sale of alcoholic beverages. The current code needs to be modified to bring it into compliance with current state laws. The discussion also covered potentially modifying the existing distance within the current code, as well as providing the option for review of requests by Council. A motion was made to move the proposed ordinance to full Council by Councilman Mihalevich and seconded by Councilman Hussey. The motion passed unanimously. The next item on the agenda was a discussion lead by Ms. Mueller regarding the proposed FY18 budget calendar. A motion was made to move the proposed calendar to full Council by Councilman Hussey and seconded by Councilman Henry. The motion passed unanimously. There was no new business to discuss. There was no old business to discuss. A motion was made to adjourn by Councilman Hussey and seconded by Councilman Henry. The motion passed unanimously. The meeting adjourned at 8:10 am. As recorded by: Shiela Pearre, Chief Accountant Memo To:Steve Crowell From:Shiela Pearre Date:April 13, 2017 Re:Sales Tax Revenues The City received the April 1% Sales Tax in the amount of $843,561.34 which is $107,670.66 less than projected for April. January thru April shortfall is $(21,467) (0.19%) in the General Fund. 1% General Sales Tax Receipt Actual Budget Period Receipts Projection1 Variance Nov-16 Jan-17 $1,083,570 $924,504 $159,066 Dec-16 Feb-17 $806,789 $823,770 ($16,981) Jan-17 & Oct-Dec 16 Qtrly Mar-17 $1,073,842 $1,129,724 ($55,882) Feb-17 Apr-17 $843,561 $951,232 ($107,670) Mar-17 May-17 $731,839 Apr-17 & Jan-Mar 17 Qtrly Jun-17 $1,071,788 May-17 Jul-17 $1,069,247 Jun-17 Aug-17 $650,040 Jul-17 & Apr-June 17 Qtrly Sep-17 $1,195,077 Aug-17 Oct-17 $969,353 Sep-17 Nov-17 $959,772 Oct-17 & Jul-Sept 17 Qtrly Dec-17 $823,654 Total Overage/Shortfall $11,300,000 ($21,467) 1Budgeted based on 3-year average percentage 1/2% Capital Improvement Tax - Sales Tax F & G combined Receipt Actual Budget Period Receipts Projection2 Variance Nov-16 Jan-17 $525,521 $396,801 $128,721 Dec-16 Feb-17 $402,964 $353,565 $49,399 Jan-17 & Oct-Dec 16 Qtrly Mar-17 $506,597 $484,882 $21,715 Feb-17 Apr-17 $411,020 $408,272 $2,748 Mar-17 May-17 $314,108 Apr-17 & Jan-Mar 17 Qtrly Jun-17 $460,015 May-17 Jul-17 $458,924 Jun-17 Aug-17 $278,999 Jul-17 & Apr-June 17 Qtrly Sep-17 $512,931 Aug-17 Oct-17 $416,050 Sep-17 Nov-17 $411,938 Oct-17 & Jul-Sept 17 Qtrly Dec-17 $353,515 Total Overage/Shortfall $4,850,000 $202,584 2Budgeted based on 3-year average percentage 1/2% Parks Sales Tax Receipt Actual Budget Period Receipts Projection3 Variance Nov-16 Jan-17 $525,521 $415,075 $110,446 Dec-16 Feb-17 $395,217 $369,848 $25,369 Jan-17 & Oct-Dec 16 Qtrly Mar-17 $506,524 $507,213 ($689) Feb-17 Apr-17 $411,020 $427,075 ($16,055) Mar-17 May-17 $328,574 Apr-17 & Jan-Mar 17 Qtrly Jun-17 $481,201 May-17 Jul-17 $480,060 Jun-17 Aug-17 $291,848 Jul-17 & Apr-June 17 Qtrly Sep-17 $536,554 Aug-17 Oct-17 $435,211 Sep-17 Nov-17 $430,909 Oct-17 & Jul-Sept 17 Qtrly Dec-17 $369,796 Total Overage/Shortfall $5,073,365 $119,072 3Budgeted based on 3-year average percentage Period Reporting Period Reporting Period Reporting City of Jefferson, Mo. - Account Analysis Account Name General Fund Sales Tax Receipt Month: APRIL 2017 Account Number 10-100-400010 Prior 5 years Monthly REPORTING PERIOD RECEIPT PERIOD 2012 2013 2014 2015 2016 2017 Average Nov January 843,061 764,659 741,056 944,619 $ 929,178.75 1,083,570 act. 844,515 Dec February 619,287 703,181 789,830 727,437 $ 812,670.24 806,789 act. 730,481 Jan & Oct-Dec Qtrly March 992,559 1,008,111 920,599 1,091,021 $ 1,183,675.38 1,073,842 act. 1,039,193 Feb April 852,653 777,424 737,482 1,059,943 $ 893,023.78 843,561 act. 864,105 Mar May 530,069 537,141 802,765 618,854 $ 648,305.45 731,839 est. 627,427 Apr & Jan-Mar Qtrly June 1,028,514 1,023,015 865,930 1,045,933 $ 1,119,566.03 1,071,788 est. 1,016,592 May July 797,785 872,436 1,048,754 963,280 $ 1,012,207.36 1,069,247 est. 938,892 Jun August 557,032 546,351 614,048 562,996 $ 661,517.72 650,040 est. 588,389 Jul & Apr-Jun Qtrly September 1,069,414 1,096,581 996,272 1,185,891 $ 1,197,976.41 1,195,077 est. 1,109,227 Aug October 769,129 717,262 919,035 918,839 $ 903,829.48 969,353 est. 845,619 Sept November 615,421 677,366 651,080 661,849 $ 623,644.91 959,772 est. 645,872 Oct & Jul-Sept Qtrly December 982,684 932,387 1,015,322 1,075,638 $ 1,016,681.71 823,654 est. 1,004,542 Actual to Date $ 9,657,608 $ 9,655,913 $ 10,102,175 $ 10,856,302 $ 11,002,277 3,807,762 Estimated to Fiscal Year end (based on averages and on Budgeted amount)7,470,770 Total Actual & Estimated $ 11,278,533 Less: Budget 11,300,000 Over (Under) Budget -$ 21,467 $ 1,083,570 $ 1,890,359 $ 2,964,201 $ 3,807,762 $ 924,504 $ 1,748,274 $ 2,877,998 $ 3,829,230 $ 4,561,069 $ 5,632,857 $ 6,702,104 $ 7,352,144 $ 8,547,221 $ 9,516,574 $ 10,476,346 $ 11,300,000 $ 500,000 $ 750,000 $ 1,000,000 $ 1,250,000 $ 1,500,000 $ 1,750,000 $ 2,000,000 $ 2,250,000 $ 2,500,000 $ 2,750,000 $ 3,000,000 $ 3,250,000 $ 3,500,000 $ 3,750,000 $ 4,000,000 $ 4,250,000 $ 4,500,000 $ 4,750,000 $ 5,000,000 $ 5,250,000 $ 5,500,000 $ 5,750,000 $ 6,000,000 $ 6,250,000 $ 6,500,000 $ 6,750,000 $ 7,000,000 $ 7,250,000 $ 7,500,000 $ 7,750,000 $ 8,000,000 $ 8,250,000 $ 8,500,000 $ 8,750,000 $ 9,000,000 $ 9,250,000 $ 9,500,000 $ 9,750,000 $ 10,000,000 $ 10,250,000 $ 10,500,000 $ 10,750,000 $ 11,000,000 $ 11,250,000 $ 11,500,000 $ 11,750,000 $ 12,000,000 Nov Dec Jan & Oct‐ Dec Qtrly Feb Mar Apr & Jan‐ Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐ Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 4/7/2017 City of Jefferson, Mo. - Account Analysis Account Name Capital Imprs Sales Tax Receipt Month: APRIL 2017 Account Number 44-100-400010/45-100-440010 Prior 5 years Monthly REPORTING PERIOD RECEIPT PERIOD 2012 2013 2014 2015 2016 2017 Average Nov January 412,434 372,459 359,800 461,560 $ 455,278.00 525,521 act. 412,306 Dec February 308,567 350,813 394,475 362,597 $ 405,542.89 402,964 act. 364,399 Jan & Oct-Dec Qtrly March 466,856 475,110 423,641 511,685 $ 563,056.17 506,597 act. 488,070 Feb April 409,365 372,340 348,172 512,808 $ 431,352.82 411,020 act. 414,808 Mar May 263,902 266,422 399,863 308,247 $ 322,957.32 314,108 est. 312,278 Apr & Jan-Mar Qtrly June 494,757 483,070 416,943 496,466 $ 539,529.28 460,015 est. 486,153 May July 389,423 425,325 503,869 473,120 $ 498,228.87 458,924 est. 457,993 Jun August 278,231 272,603 306,157 280,733 $ 330,112.03 278,999 est. 293,567 Jul & Apr-Jun Qtrly September 504,307 521,260 484,992 565,296 $ 570,133.50 512,931 est. 529,198 Aug October 367,366 357,619 430,185 442,371 $ 435,415.92 416,050 est. 406,591 Sept November 306,968 323,871 324,697 330,393 $ 310,506.00 411,938 est. 319,287 Oct & Jul-Sept Qtrly December 469,095 443,688 485,136 515,478 $ 494,217.51 353,515 est. 481,523 Actual to Date $ 4,671,272 $ 4,664,580 $ 4,877,931 $ 5,260,753 $ 5,356,330 1,846,103 Estimated to Fiscal Year end (based on averages and on Budgeted amount)3,206,481 Total Actual & Estimated $ 5,052,584 Less: Budget 4,850,000 Over (Under) Budget $ 202,584 $ 525,521 $ 928,485 $ 1,435,082 $ 1,846,103 $ 396,801 $ 750,365 $ 1,235,247 $ 1,643,519 $ 1,957,627 $ 2,417,642 $ 2,876,567 $ 3,155,566 $ 3,668,497 $ 4,084,547 $ 4,496,485 $ 4,850,000 $ 100,000 $ 350,000 $ 600,000 $ 850,000 $ 1,100,000 $ 1,350,000 $ 1,600,000 $ 1,850,000 $ 2,100,000 $ 2,350,000 $ 2,600,000 $ 2,850,000 $ 3,100,000 $ 3,350,000 $ 3,600,000 $ 3,850,000 $ 4,100,000 $ 4,350,000 $ 4,600,000 $ 4,850,000 $ 5,100,000 Nov Dec Jan & Oct‐ Dec Qtrly Feb Mar Apr & Jan‐ Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐ Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 4/7/2017 City of Jefferson, Mo. - Account Analysis Account Name Parks Sales Tax Receipt Month: APRIL 2017 Account Number 21-210-400010 Prior 5 years Monthly REPORTING PERIOD RECEIPT PERIOD 2012 2013 2014 2015 2016 2017 Average Nov January 405,730 372,447 359,708 461,472 $ 455,239.00 525,521 act. 410,919 Dec February 308,456 350,714 393,562 362,371 $ 405,542.91 395,217 act. 364,129 Jan & Oct-Dec Qtrly March 466,713 475,026 423,546 511,582 $ 563,039.19 506,524 act. 487,981 Feb April 409,353 372,242 348,076 512,738 $ 431,352.57 411,020 act. 414,752 Mar May 263,822 266,456 398,085 308,030 $ 322,957.44 328,574 est. 311,870 Apr & Jan-Mar Qtrly June 494,733 482,382 416,845 496,386 $ 539,528.94 481,201 est. 485,975 May July 389,006 425,194 503,790 473,038 $ 498,228.56 480,060 est. 457,851 Jun August 278,072 272,321 305,930 280,513 $ 330,111.85 291,848 est. 293,390 Jul & Apr-Jun Qtrly September 505,913 521,155 484,904 565,217 $ 572,847.39 536,554 est. 530,007 Aug October 366,846 357,482 430,093 442,370 $ 435,416.02 435,211 est. 406,441 Sept November 306,831 323,768 324,481 330,393 $ 310,506.09 430,909 est. 319,196 Oct & Jul-Sept Qtrly December 468,924 443,569 484,999 515,368 $ 494,217.74 369,796 est. 481,415 Actual to Date $ 4,664,400 $ 4,662,755 $ 4,874,018 $ 5,259,477 $ 5,358,988 1,838,283 Estimated to Fiscal Year end (based on averages and on Budgeted amount)3,354,154 Total Actual & Estimated $ 5,192,437 Less: Budget 5,073,365 Over (Under) Budget $ 119,072 $ 525,521 $ 920,739 $ 1,427,263 $ 1,838,283 $ 415,075 $ 784,923 $ 1,292,136 $ 1,719,211 $ 2,047,785 $ 2,528,986 $ 3,009,046 $ 3,300,895 $ 3,837,449 $ 4,272,660 $ 4,703,569 $ 5,073,365 $ 100,000 $ 350,000 $ 600,000 $ 850,000 $ 1,100,000 $ 1,350,000 $ 1,600,000 $ 1,850,000 $ 2,100,000 $ 2,350,000 $ 2,600,000 $ 2,850,000 $ 3,100,000 $ 3,350,000 $ 3,600,000 $ 3,850,000 $ 4,100,000 $ 4,350,000 $ 4,600,000 $ 4,850,000 $ 5,100,000 $ 5,350,000 Nov Dec Jan & Oct ‐ Dec Qtrly Feb Mar Apr & Jan‐ Mar Qtrly May Jun Jul & Apr‐Jun Qtrly Aug Sept Oct & Jul‐ Sept Qtrly REPORTING PERIOD YTD Actuals vs. YTD Budget Actual Budget Printed 4/7/2017 Re v e n u e Mo d e l Re p o r t Fo r Pe r i o d En d i n g Ma r c h 31 , 20 1 7 Da t a as of Ap r i l 5, 20 1 7 FY 20 1 7 Y T D Ac t u a l P r o j e c t e d Ov e r / De s c r i p t i o n Bu d g e t As of 4/ 5 / 1 7 (U n d e r ) Bu d g e t Sa l e s Ta x an d Us e Ta x $1 1 , 3 0 0 , 0 0 0 . 0 0 $ 2 , 9 6 4 , 2 0 1 . 1 5 $ 8 6 , 2 0 2 . 9 2 In t e r g o v e r n m e n t a l Ta x e s $2 , 2 2 0 , 0 0 0 . 0 0 $ 4 1 4 , 2 6 8 . 1 5 $ 2 2 , 7 9 6 . 9 0 Ot h e r Ta x e s $1 1 6 , 0 0 0 . 0 0 $ 3 7 , 2 4 3 . 9 6 $ 1 , 3 6 8 . 1 5 Fr a n c h i s e & Ut i l i t y Ta x $7 , 5 0 0 , 0 0 0 . 0 0 $ 2 , 3 2 2 , 2 3 2 . 3 4 ($ 1 1 5 , 8 1 6 . 2 8 ) Pr o p e r t y Ta x e s $5 , 2 7 4 , 6 9 9 . 0 0 $ 5 , 2 7 2 , 6 1 3 . 0 2 $ 1 5 0 , 2 6 7 . 1 8 In t e r g o v e r n m e n t a l $6 1 , 9 4 1 . 5 4 $ 6 2 , 2 9 1 . 6 3 $ 3 5 0 . 0 9 Ch a r g e s fo r Se r v i c e s $2 , 7 1 5 , 9 9 3 . 6 5 $ 2 , 0 0 3 , 1 7 6 . 4 4 $ 2 5 , 8 0 7 . 5 4 Fe e s , Li c e n s e s , & Pe r m i t s $7 0 8 , 4 0 0 . 0 0 $ 3 3 9 , 4 3 0 . 3 2 $ 9 0 , 9 2 3 . 2 7 Fi n e s & Fo r f e i t u r e s $1 , 0 0 9 , 1 0 0 . 0 0 $ 3 4 3 , 6 4 5 . 9 9 ($ 9 5 , 0 0 9 . 2 1 ) Co n t r i b u t i o n s / D o n a t i o n s $3 0 6 , 9 5 0 . 0 0 $ 1 1 3 , 4 1 5 . 7 6 $ 8 , 7 1 5 . 7 6 Ot h e r Op e r a t i n g Re v e n u e s $8 4 , 1 8 1 . 2 5 $ 7 7 , 2 6 8 . 5 5 $ 5 1 , 1 4 6 . 1 1 In t e r e s t In c o m e $1 1 0 , 0 0 0 . 0 0 $ 5 4 , 9 1 0 . 2 5 $ 2 1 , 7 3 3 . 1 6 Ot h e r No n Op e r a t i n g Re v e n u e $5 4 , 0 0 0 . 0 0 $ 6 4 , 7 9 9 . 5 0 $ 3 0 , 7 9 9 . 5 0 Op e r a t i n g Tr a n s f e r s In $23 , 8 0 0 . 0 0 $7, 4 1 6 . 8 2 $80 1 . 3 7 To t a l s $3 1 , 4 8 5 , 0 6 5 . 4 4 $ 1 4 , 0 7 6 , 9 1 3 . 8 8 $ 2 8 0 , 0 8 6 . 4 5 FY2017 Revenue Model Report (Detail)Remaining For Period Ending March 31, 2017 YTD Actual Estimated Revenues Actual & Estimated Projected Over/Verification Description Budget As of 4/5/17 As of 4/5/17 TOTAL (Under) Budget of Formulas Sales Tax and Use Tax 10‐100‐400010 Sales Tax $11,300,000.00 $2,964,201.15 $8,422,001.77 $11,386,202.92 $86,202.92 $86,202.92 $11,300,000.00 $2,964,201.15 $8,422,001.77 $11,386,202.92 $86,202.92 $86,202.92 Intergovernmental Taxes 10‐100‐401030 Motor Vehicle Sales Tax $550,000.00 $132,087.25 $423,746.96 $555,834.21 $5,834.21 $5,834.21 10‐100‐403010 Gasoline Tax $1,120,000.00 $282,180.90 $854,781.79 $1,136,962.69 $16,962.69 $16,962.69 10‐100‐430080 Road & Bridge Tax $550,000.00 $0.00 $550,000.00 $550,000.00 $0.00 $0.00 $2,220,000.00 $414,268.15 $1,828,528.75 $2,242,796.90 $22,796.90 $22,796.90 Other Taxes 10‐100‐403020 Cig Tax $116,000.00 $37,243.96 $80,124.19 $117,368.15 $1,368.15 $1,368.15 $116,000.00 $37,243.96 $80,124.19 $117,368.15 $1,368.15 $1,368.15 Franchise & Utility Tax 10‐100‐410020 Electric Utility Lic Tax $4,000,000.00 $1,126,864.85 $2,876,299.02 $4,003,163.87 $3,163.87 $3,163.87 10‐100‐410030 Gas Utility License Tax $1,000,000.00 $420,127.48 $472,570.81 $892,698.29 ($107,301.71)($107,301.71) 10‐100‐410052 Telephone/Cell Utility $2,070,000.00 $674,424.28 $1,385,584.70 $2,060,008.98 ($9,991.02)($9,991.02) 10‐100‐410053 Telephone/Cell Audit $0.00 ($16,210.20)$16,210.20 $0.00 $0.00 $0.00 10‐100‐410060 Cable Franchise Fee $430,000.00 $117,025.93 $311,286.65 $428,312.58 ($1,687.42)($1,687.42) $7,500,000.00 $2,322,232.34 $5,061,951.38 $7,384,183.72 ($115,816.28)($115,816.28) Property Taxes 10‐100‐420010 Current Property Tax $4,617,300.00 $4,654,158.43 $85,858.77 $4,740,017.20 $122,717.20 $122,717.20 10‐100‐420020 Del Property Tax $46,000.00 $16,476.44 $24,673.93 $41,150.37 ($4,849.63)($4,849.63) 10‐100‐420040 Fin Institution Tax $42,000.00 $53,460.77 $0.00 $53,460.77 $11,460.77 $11,460.77 10‐100‐420050 Prop Tax Int & Penalties $25,000.00 $8,071.93 $17,342.06 $25,413.99 $413.99 $413.99 10‐100‐420055 Surtax Receipts ‐ County Reimb $54,399.00 $54,399.28 $0.00 $54,399.28 $0.28 $0.28 10‐100‐420060 Surtax Receipts $465,000.00 $461,072.91 $8,829.25 $469,902.16 $4,902.16 $4,902.16 10‐100‐420080 Special Tax Rev $25,000.00 $24,973.26 $15,649.15 $40,622.41 $15,622.41 $15,622.41 $5,274,699.00 $5,272,613.02 $152,353.16 $5,424,966.18 $150,267.18 $150,267.18 Intergovernmental 10‐100‐430040 Local Grant $0.00 $0.09 $0.00 $0.09 $0.09 $0.09 10‐100‐480020 NSP Rehab Sales $61,941.54 $62,291.54 $0.00 $62,291.54 $350.00 $350.00 10‐100‐480025 HUD Program Income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $61,941.54 $62,291.63 $0.00 $62,291.63 $350.09 $350.09 Charges for Services 10‐100‐440010 Admin Charge Backs $1,556,063.00 $1,556,063.00 $0.00 $1,556,063.00 $0.00 $0.00 10‐100‐440050 Emt Reimbursement $25,000.00 $25,000.00 $0.00 $25,000.00 $0.00 $0.00 10‐100‐440210 Street Cuts $28,000.00 $8,897.00 $16,984.07 $25,881.07 ($2,118.93)($2,118.93) 10‐100‐440910 Fuel Charge ‐ backs $11,000.00 $3,292.65 $6,011.47 $9,304.12 ($1,695.88)($1,695.88) 10‐100‐440920 Parts Charge backs $185,000.00 $65,785.22 $126,880.39 $192,665.61 $7,665.61 $7,665.61 10‐100‐440930 Labor Charge backs $240,000.00 $72,109.89 $162,994.24 $235,104.13 ($4,895.87)($4,895.87) 10‐100‐481020 Cole Cty Animal Rescue $105,508.00 $26,377.01 $79,131.00 $105,508.01 $0.01 $0.01 10‐100‐481030 Rent City Hall/Annex $35,000.00 $0.00 $35,000.00 $35,000.00 $0.00 $0.00 10‐100‐481040 Rent Other $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐481045 Rent‐tower Sites $104,000.00 $54,696.71 $72,773.11 $127,469.82 $23,469.82 $23,469.82 10‐100‐481065 Parking Spot Maintenance $25,000.00 $25,000.00 $0.00 $25,000.00 $0.00 $0.00 10‐100‐481075 Cole Cty 911 Reimb $366,423.91 $155,394.96 $211,919.91 $367,314.87 $890.96 $890.96 10‐100‐481080 Sale Of Maps/GIS Data $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐481085 Cole Cty GIS Joint Coop $15,000.00 $6,250.00 $8,750.00 $15,000.00 $0.00 $0.00 10‐100‐481100 Sale Of Grave Sites $4,000.00 $4,080.00 $2,181.82 $6,261.82 $2,261.82 $2,261.82 10‐100‐481105 TIF Administration Fee $15,998.74 $230.00 $15,998.74 $16,228.74 $230.00 $230.00 10‐100‐481110 Long & Short $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2,715,993.65 $2,003,176.44 $738,624.75 $2,741,801.19 $25,807.54 $25,807.54 Fees, Licenses, & Permits 10‐100‐450010 Liquor Licenses $66,000.00 $19,561.50 $44,297.94 $63,859.44 ($2,140.56)($2,140.56) 10‐100‐450020 Business Licenses $215,000.00 $90,860.25 $120,556.74 $211,416.99 ($3,583.01)($3,583.01) 10‐100‐450021 Home Occupation Permit $1,600.00 $636.02 $875.33 $1,511.35 ($88.65)($88.65) 10‐100‐450040 Abandoned Bldg. Regist. $0.00 $7,625.00 $0.00 $7,625.00 $7,625.00 $7,625.00 10‐100‐450041 Abandoned Bldg. Admin Fee $6,500.00 $35,095.00 $5,291.88 $40,386.88 $33,886.88 $33,886.88 10‐100‐450045 Building Construct. Fees $150,000.00 $87,912.47 $105,938.74 $193,851.21 $43,851.21 $43,851.21 10‐100‐450050 Electrical Certificates $19,000.00 $16,527.00 $3,041.99 $19,568.99 $568.99 $568.99 10‐100‐450060 Electrical Permits $4,000.00 $1,383.41 $2,943.07 $4,326.48 $326.48 $326.48 10‐100‐450070 Plumbing Licenses $10,500.00 $8,892.00 $1,887.71 $10,779.71 $279.71 $279.71 10‐100‐450080 Plumbing Permits $4,000.00 $1,406.00 $2,334.95 $3,740.95 ($259.05)($259.05) 10‐100‐450090 Other Lic & Permits $2,000.00 $631.00 $943.84 $1,574.84 ($425.16)($425.16) 10‐100‐450091 Day Care Inspection Fees $7,000.00 $2,460.00 $4,318.21 $6,778.21 ($221.79)($221.79) FY2017 Revenue Model Report (Detail)Remaining For Period Ending March 31, 2017 YTD Actual Estimated Revenues Actual & Estimated Projected Over/Verification Description Budget As of 4/5/17 As of 4/5/17 TOTAL (Under) Budget of Formulas 10‐100‐450092 Food Inspection Fees $85,000.00 $4,375.07 $84,429.51 $88,804.58 $3,804.58 $3,804.58 10‐100‐450100 Curb Cut Permits $800.00 $315.00 $533.22 $848.22 $48.22 $48.22 10‐100‐450110 Board Of Adj Fees $1,300.00 $1,050.00 $709.71 $1,759.71 $459.71 $459.71 10‐100‐450120 Sign Permits $5,100.00 $3,019.00 $3,096.08 $6,115.08 $1,015.08 $1,015.08 10‐100‐450130 Demolition Permits $900.00 $265.00 $575.87 $840.87 ($59.13)($59.13) 10‐100‐450150 Acc Rep Fees‐police $11,200.00 $4,235.60 $6,778.80 $11,014.40 ($185.60)($185.60) 10‐100‐450160 Accrpt/blastg P‐fire $900.00 $284.00 $621.24 $905.24 $5.24 $5.24 10‐100‐450170 Animal Redemption Fees $60,000.00 $25,930.00 $37,186.80 $63,116.80 $3,116.80 $3,116.80 10‐100‐450180 Animal Vaccinations Fees $4,300.00 $2,200.00 $2,745.00 $4,945.00 $645.00 $645.00 10‐100‐450185 Animal Cremation Fees $30,000.00 $16,645.00 $16,528.85 $33,173.85 $3,173.85 $3,173.85 10‐100‐450190 Taxi Permits $700.00 $156.00 $578.22 $734.22 $34.22 $34.22 10‐100‐450230 Vacating Right Of Way $800.00 $532.00 $360.05 $892.05 $92.05 $92.05 10‐100‐450250 Rezoning Request $12,000.00 $2,540.00 $8,023.10 $10,563.10 ($1,436.90)($1,436.90) 10‐100‐450255 Planning & Zoning Review Fees $8,000.00 $4,239.00 $4,210.81 $8,449.81 $449.81 $449.81 10‐100‐450260 Non‐refundable Plans/spec $1,800.00 $655.00 $1,085.29 $1,740.29 ($59.71)($59.71) $708,400.00 $339,430.32 $459,892.95 $799,323.27 $90,923.27 $90,923.27 Fines & Forfeitures 10‐100‐460010 Court Cost $75,500.00 $30,325.98 $42,649.14 $72,975.12 ($2,524.88)($2,524.88) 10‐100‐460015 Court Restitutions $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐460018 Inmate Security Fund $12,500.00 $5,026.18 $7,195.98 $12,222.16 ($277.84)($277.84) 10‐100‐460020 Jail Cost Recovery $4,000.00 $667.16 $1,720.48 $2,387.64 ($1,612.36)($1,612.36) 10‐100‐460025 Alcohol Offense Cost Rec $8,000.00 $2,959.50 $4,461.27 $7,420.77 ($579.23)($579.23) 10‐100‐460030 Pol Fines‐traffic $860,000.00 $288,204.70 $481,988.96 $770,193.66 ($89,806.34)($89,806.34) 10‐100‐460090 Parking Fines $53,000.00 $17,510.81 $35,304.60 $52,815.41 ($184.59)($184.59) 10‐100‐460100 Bankcard Charges ($3,900.00)($1,048.34)($2,875.64)($3,923.98)($23.98)($23.98) $1,009,100.00 $343,645.99 $570,444.80 $914,090.79 ($95,009.21)($95,009.21) Contributions/Donations 10‐100‐480055 JC Fire Museum $0.00 $950.00 $0.00 $950.00 $950.00 $950.00 10‐100‐480070 Community Projects Donations $4,200.00 $4,200.00 $0.00 $4,200.00 $0.00 $0.00 10‐100‐480080 Dare Donations $0.00 $500.00 $0.00 $500.00 $500.00 $500.00 10‐100‐480090 Police K‐9 Donations $500.00 $500.00 $0.00 $500.00 $0.00 $0.00 10‐100‐480165 Animal S Donations $0.00 $7,265.76 $0.00 $7,265.76 $7,265.76 $7,265.76 10‐100‐481055 Street Repair‐Solid Waste Cntr $302,250.00 $100,000.00 $202,250.00 $302,250.00 $0.00 $0.00 10‐100‐481095 Cemetery Donations $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $306,950.00 $113,415.76 $202,250.00 $315,665.76 $8,715.76 $8,715.76 Other Operating Revenues 10‐100‐480011 Police Evidence Funds $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 10‐100‐481070 Miscellaneous $35,000.00 $25,497.22 $19,078.01 $44,575.23 $9,575.23 $9,575.23 10‐100‐481072 TIF Prof Svcs Deposit $1,181.25 $41,625.86 $0.00 $41,625.86 $40,444.61 $40,444.61 10‐100‐481074 Revenue Share ‐ Purchasing Card $18,000.00 $5,437.47 $12,940.03 $18,377.50 $377.50 $377.50 10‐100‐481077 Insurance Claims $20,000.00 $4,708.00 $16,040.77 $20,748.77 $748.77 $748.77 10‐100‐481078 Cafeteria Refunds $10,000.00 $0.00 $10,000.00 $10,000.00 $0.00 $0.00 $84,181.25 $77,268.55 $58,058.81 $135,327.36 $51,146.11 $51,146.11 Interest Income 10‐100‐470010 Interest $110,000.00 $54,910.25 $76,822.91 $131,733.16 $21,733.16 $21,733.16 $110,000.00 $54,910.25 $76,822.91 $131,733.16 $21,733.16 $21,733.16 Other Non Operating Revenue 10‐100‐485050 Sale Of Assets $54,000.00 $64,799.50 $20,000.00 $84,799.50 $30,799.50 $30,799.50 $54,000.00 $64,799.50 $20,000.00 $84,799.50 $30,799.50 $30,799.50 Operating Transfers In 10‐100‐490240 Trsfr From Lodging Tax $23,800.00 $7,416.82 $17,184.55 $24,601.37 $801.37 $801.37 10‐100‐490630 Transfer from Self Funded Hlth Ins $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $23,800.00 $7,416.82 $17,184.55 $24,601.37 $801.37 $801.37 $31,485,065.44 $14,076,913.88 $17,688,238.01 $31,765,151.89 $280,086.45 $280,086.45 CITY OF JEFFERSON FISCAL YEAR 2017 ESTIMATED FUND BALANCE FYE2015 Unassigned Fund Balance ‐ (excluding the $1.5M commitment to the Multipurpose Bldg) 7,010,330.00$ FYE2015 Fund Balance % of Adopted Budget 23.78% FY2016 Activities Year‐to‐Date: FY2016 General Fund Revenues 32,650,443.07$ FY2016 General Fund Expenditures (30,984,506.35)$ 1,665,936.72$ ESTIMATED FYE2016 FUND BALANCE 8,676,266.72$ FYE2016 ESTIMATED Fund Balance % of Adopted Budget 28.22% Reappropriations from FY2016 to FY2017 Remaining Funds from Sale of Old Fire Station #3 (111,788.00)$ MECO Design Contract for Downtown Electric (12,000.00)$ Remaining Funds for Compensation & Class Study (20,754.89)$ Upgrade for Food Inspection Software (1,474.00)$ Remaining balance for court softward project (5,563.24)$ SOMO Sewer Extension (300,000.00)$ Remaining Funds for Public Art (3,665.00)$ NRA Rental Façade (15,066.00)$ NSP Rehab Sales (350.00)$ (470,661.13)$ 2017 Adjustments/Supplementals FY2017 Supplemental Appropriations: Matching for professional services grant for Capital Area MPO (2,250.00)$ Fire Apparatus Lease Payoff (1,163,313.93)$ Professional Legal Services (Buescher case) (17,000.00)$ (1,182,563.93)$ 2017 Release of Restricted Funds ‐ Parks Multipurpose Building 1,500,000.00$ FYE2017 ESTIMATED Unassigned Fund Balance 8,523,041.66$ FYE2017 ESTIMATED Fund Balance % of Adopted Budget 26.45% Tax Period Due Date to City Total Lodging Tax JCCVB (3/7) JCCVB/Tourism Fund (4/7)** May‐11 6/20/11 91,258.41 38,328.53 51,104.71 Jun‐11 7/20/11 101,479.82 42,621.54 56,828.68 Jul‐11 8/20/11 88,392.47 37,124.82 49,499.80 Aug‐11 9/20/11 73,144.02 30,720.48 40,960.66 Sep‐11 10/20/11 103,618.61 43,519.80 58,026.44 Oct‐11 11/20/11 105,531.99 44,323.44 59,097.91 Nov‐11 12/20/11 66,556.88 27,953.89 37,271.85 Dec‐11 1/20/12 52,204.97 21,926.07 29,234.80 Jan‐12 2/20/12 65,645.72 27,571.20 36,761.61 566.37 Interest Received Feb‐12 3/20/12 85,143.89 35,760.45 47,680.56 383.96 4/2012 Interest Received Mar‐12 4/20/12 81,904.23 34,399.77 45,866.38 636.05 5/2012 Interest Received (8.11) 5/2012 Service Charge Apr‐12 5/20/12 103,406.71 43,430.82 57,907.76 685.97 6/2012 Interest Received (7.25) 6/2012 Service Charge May‐12 6/20/12 89,713.24 37,679.58 50,239.40 785.01 7/2012 Interest Received (7.25) 7/2012 Service Charge Jun‐12 7/20/12 86,753.72 36,436.56 48,582.08 832.99 8/2012 Interest Received (7.25) 8/2012 Service Charge Jul‐12 8/20/12 89,904.69 37,759.97 50,346.63 Aug‐12 9/20/12 76,708.71 32,217.66 42,956.88 887.55 9/2012 Interest Received (7.25) 9/2012 Service Charge 987.59 10/2012 Interest Received (7.50) 10/2012 Service Charge Sep‐12 10/20/12 109,335.16 45,920.77 61,227.69 1,011.18 11/2012 Interest Received (7.00) 11/2012 Service Charge Oct‐12 11/20/12 109,059.34 45,804.92 61,073.23 45,804.92 JCCVB 3/7 Check Deposited in Error 1,166.54 12/2012 Interest Received (7.50) 12/2012 Service Charge Nov‐12 12/20/12 69,756.75 29,297.84 39,063.77 (45,804.92) Correction of Deposit Error 1,185.18 1/2013 Interest Received (7.33) 1/2013 Service Charge Dec‐12 1/20/13 55,126.67 23,153.20 30,870.94 1,108.23 2/2013 Interest Received (7.35) 2/2013 Service Charge Jan‐13 2/20/13 84,295.92 35,404.29 47,205.71 1,271.02 3/2013 Interest Received (8.28) 3/2013 Service Charge Feb‐13 3/20/13 84,199.16 35,363.65 47,151.53 1,297.26 4/2013 Interest Received (8.28) 4/2013 Service Charge Mar‐13 4/20/13 98,008.06 41,163.39 54,884.51 1,413.79 5/2013 Interest Received (7.37) 5/2013 Service Charge Apr‐13 5/20/13 100,022.48 42,009.44 56,012.59 1,450.30 6/2013 Interest Received Tax Period Due Date to City Total Lodging Tax JCCVB (3/7) JCCVB/Tourism Fund (4/7)** (8.56) 6/2013 Service Charge (10,000.00) Ck #50 ‐ C H Johnson Consulting May‐13 6/20/13 97,602.44 40,993.02 54,657.37 1,570.41 7/2013 Interest Received (8.45) 7/2013 Service Charge (1,187.09) Ck #1001 ‐ C H Johnson Consulting Jun‐13 7/20/13 92,796.57 38,974.56 51,966.08 1,620.41 8/2013 Interest Received (8.45) 8/2013 Service Charge (33.25) Ck #1002 ‐ City of Jefferson ‐ RFP Ad (15,000.00) Ck #1003 ‐ C H Johnson Consulting (10,000.00) Ck #1004 ‐ C H Johnson Consulting Jul‐13 8/20/13 93,352.06 39,207.87 52,277.15 1,606.48 9/2013 Interest Received (8.79) 9/2013 Service Charge (5,000.00) Ck #1005 ‐ C H Johnson Consulting Aug‐13 9/20/13 89,778.97 37,707.17 50,276.22 1,726.08 10/2013 Interest Received (8.45) 10/2013 Service Charge (3,000.00) Ck #1006 ‐ C H Johnson Consulting Sep‐13 10/20/13 108,879.17 45,729.25 60,972.34 1,728.36 11/2013 Interest Received (8.45) 11/2013 Service Charge Oct‐13 11/20/13 120,248.83 50,504.51 67,339.34 1,864.47 12/2013 Interest Received (8.28) 12/2013 Service Charge Nov‐13 12/20/13 84,253.54 35,386.49 47,181.98 1,918.75 1/2014 Interest Received (8.28) 1/2014 Service Charge Dec‐13 1/20/14 63,745.74 26,773.21 35,697.61 1,807.90 2/2014 Interest Received (8.28) 2/2014 Service Charge Jan‐14 2/20/14 92,051.62 38,661.68 51,548.91 (1,562.61) Ck #1007 ‐ C H Johnson Consulting 2,078.72 3/2014 Interest Received (8.45) 3/2014 Service Charge Feb‐14 3/20/14 80,825.68 33,946.79 45,262.38 2,052.68 4/2014 Interest Received (8.28) 4/2014 Service Charge Mar‐14 4/30/14 106,553.94 44,752.65 59,670.21 2,198.76 5/2014 Interest Received (8.29) 5/2014 Service Charge Apr‐14 5/20/14 104,278.69 43,797.05 58,396.07 2,203.13 6/2014 Interest Received (8.29) 6/2014 Service Charge May‐14 6/20/14 116,059.44 48,744.96 64,993.29 2,391.04 7/2014 Interest Received (8.29) 7/2014 Service Charge Jun‐14 7/20/14 104,333.69 43,820.15 58,426.87 2,457.38 8/2014 Interest Received (8.29) 8/2014 Service Charge Jul‐14 8/20/14 98,901.39 41,538.58 55,384.78 2,459.73 9/2014 Interest Received (8.29) 9/2014 Service Charge Aug‐14 9/20/14 75,962.88 31,904.41 42,539.21 Tax Period Due Date to City Total Lodging Tax JCCVB (3/7) JCCVB/Tourism Fund (4/7)** 2,593.43 10/2014 Interest Received (8.29) 10/2014 Service Charge Sep‐14 10/20/14 112,370.02 47,195.41 62,927.21 2,586.87 11/2014 Interest Received (8.29) 11/2014 Service Charge Oct‐14 11/20/14 116,992.89 49,137.01 65,516.02 2,736.57 12/2014 Interest Received (14.65) 12/2014 Service Charge Nov‐14 12/20/14 72,761.33 30,559.76 40,746.34 2,798.53 1/2015 Interest Received (8.29) 1/2015 Service Charge Dec‐14 1/20/15 60,394.73 25,365.79 33,821.05 2,575.56 2/2015 Interest Received (8.29) 2/2015 Service Charge Jan‐15 2/20/15 85,741.83 36,011.57 48,015.42 2,935.34 3/2015 Interest Received (8.29) 3/2015 Service Charge Feb‐15 3/20/15 84,317.61 35,413.40 47,217.86 2,911.14 4/2015 Interest Received (10.54) 4/2015 Service Charge Mar‐15 4/20/15 114,789.97 48,211.79 64,282.38 3,049.41 5/2015 Interest Received (8.29) 5/2015 Service Charge Apr‐15 5/20/15 102,479.43 43,041.36 57,388.48 3,046.67 6/2015 Interest Received (8.29) 6/2015 Service Charge May‐15 6/20/15 116,174.48 48,793.28 65,057.71 3,217.49 7/2015 Interest Received (8.29) 7/2015 Service Charge Jun‐15 7/31/15 97,379.11 40,899.23 54,532.30 3,287.90 8/2015 Interest Received (10.67) 8/2015 Service Charge Jul‐15 8/20/15 102,541.78 43,067.55 57,423.40 3,307.41 9/2015 Interest Received (8.58) 9/2015 Service Charge Aug‐15 9/20/15 81,248.87 34,124.53 45,499.37 3,476.74 10/2015 Interest Received (8.29) 10/2015 Service Charge Sep‐15 10/20/15 102,709.81 43,138.12 57,517.49 3,421.47 11/2015 Interest Received (8.00) 11/2015 Service Charge Oct‐15 12/1/15 107,837.70 45,291.83 60,389.11 3,605.14 12/2015 Interest Received (8.29) 12/2015 Service Charge Nov‐15 12/31/15 67,119.58 28,190.22 37,586.96 Sep‐15 1,908.92 801.75 1,069.00 late pays 3,666.35 1/2016 Interest Received (8.29) 1/2016 Service Charge Dec‐15 1/31/16 66,959.22 28,122.88 37,497.16 3,478.72 2/2016 Interest Received (8.49) 2/2016 Service Charge Jan‐16 2/20/16 83,239.99 34,960.80 46,614.39 3,786.20 3/2016 Interest Received (8.28) 3/2016 Service Charge Feb‐16 3/20/16 97,559.96 40,975.18 54,633.58 Tax Period Due Date to City Total Lodging Tax JCCVB (3/7) JCCVB/Tourism Fund (4/7)** 3,718.19 4/2016 Interest Received (8.27) 4/2016 Service Charge Mar‐16 4/29/16 101,134.20 42,476.36 56,635.16 3,914.86 5/2016 Interest Received (8.26) 5/2016 Service Charge Apr‐16 5/20/16 140,992.87 59,217.01 78,956.01 3,905.43 6/2016 Interest Received May‐16 6/20/16 112,152.91 47,104.22 62,805.63 3,985.42 7/2016 Interest Received Jun‐16 7/31/16 106,704.37 44,815.83 59,754.44 4,207.43 8/2016 Interest Received Jul‐16 8/20/16 96,811.40 40,660.79 54,214.38 4,136.69 9/2016 Interest Received Aug‐16 9/20/16 88,674.86 37,243.44 49,657.92 4,350.78 10/2016 Interest Received Sep‐16 10/31/16 100,606.10 42,254.56 56,339.42 4,292.30 11/2016 Interest Received Oct‐16 11/20/16 120,471.15 50,597.88 67,463.85 4,531.06 12/2016 Interest Received Nov‐16 12/20/16 88,755.07 37,277.13 49,702.83 4,602.85 1/2017 Interest Received Dec‐16 1/31/17 65,709.30 27,597.91 36,797.21 4,207.06 2/2017 Interest Received Jan‐17 2/20/17 95,905.35 40,280.25 53,706.99 4,726.10 3/2017 Interest Received Feb‐17 3/31/17 95,135.98 39,957.11 53,276.15 Total 6,488,377.06 2,725,118.38 3,739,711.78 average monthly amount for 4 cent lockbox fund 51,907.02$ **Effective for 25 years starting in 2011 20 1 7 Oc c u p a n c y 2 0 1 6 Oc c u p a n c y 2 0 1 5 Oc c u p a n c y 2 0 1 4 Oc c u p a n c y 2 0 1 3 Oc c u p a n c y 2 0 1 2 Occupancy Ja n u a r y 4 8 . 7 0 % 5 1 . 3 0 % 4 5 . 9 0 % 4 9 . 2 0 % 4 5 . 3 0 % 3 8 . 2 0 % Fe b r u a r y 5 6 . 8 0 % 5 8 . 6 0 % 5 1 . 2 0 % 5 6 . 0 0 % 5 2 . 9 0 % 4 9 . 8 0 % Ma r c h 5 9 . 8 0 % 5 9 . 8 0 % 5 9 . 3 0 % 5 2 . 9 0 % 5 4 . 9 0 % Ap r i l 6 7 . 2 0 % 5 8 . 1 0 % 6 3 . 7 0 % 6 4 . 1 0 % 5 3 . 9 0 % Ma y 6 4 . 9 0 % 6 3 . 1 0 % 6 4 . 7 0 % 5 6 . 8 0 % 5 3 . 7 0 % Ju n e 6 4 . 0 0 % 5 9 . 7 0 % 6 3 . 7 0 % 5 5 . 7 0 % 5 3 . 1 0 % Ju l y 5 8 . 2 0 % 6 0 . 8 0 % 5 9 . 7 0 % 5 8 . 5 0 % 5 1 . 4 0 % Au g u s t 5 6 . 5 0 % 5 2 . 6 0 % 5 4 . 2 0 % 5 5 . 8 0 % 4 7 . 0 0 % Se p t e m b e r 6 2 . 6 0 % 6 3 . 3 0 % 6 1 . 2 0 % 6 3 . 0 0 % 5 9 . 3 0 % Oc t o b e r 6 2 . 9 0 % 6 0 . 7 0 % 6 7 . 6 0 % 6 5 . 9 0 % 5 9 . 3 0 % No v e m b e r 5 0 . 6 0 % 5 1 . 3 0 % 4 8 . 9 0 % 5 2 . 4 0 % 4 3 . 4 0 % De c e m b e r 4 2 . 1 0 % 4 5 . 1 0 % 3 8 . 3 0 % 3 8 . 8 0 % 3 3 . 0 0 % CO M P A R A T I V E OC C U P A N C Y RA T E Ta b 2 - M u l t i - S e g m e n t Currency: USD - US Dollar Mi s s o u r i H o t e l & L o d g i n g A s s o c i a t i o n Fo r t h e m o n t h o f : F e b r u a r y 2 0 1 7 Pe r c e n t C h a n g e f r o m F e b r u a r y 2 0 1 6 Pe r c e n t C h a n g e f r o m Y T D 2 0 1 6 20 1 7 2 0 1 6 2 0 1 7 2 0 1 6 2 0 1 7 2 0 1 6 O c c A D R R e v P A R Ro o m Re v Ro o m Av a i l Ro o m So l d 20 1 7 2 0 1 6 2 0 1 7 2 0 1 6 2 0 1 7 2 0 1 6 O c c A D R R e v P A R Ro o m Re v Room AvailRoom Sold Census S a m p l e C e n s u s S a m p l e Un i t e d S t a t e s 6 1 . 2 6 1 . 5 1 2 3 . 2 4 1 2 1 . 2 0 7 5 . 3 7 7 4 . 5 0 - 0 . 5 1 . 7 1 . 2 3 . 1 1 . 9 1 . 4 5 7 . 4 5 7 . 5 1 2 2 . 0 2 1 1 9 . 1 0 7 0 . 0 8 6 8 . 4 4 - 0 . 1 2 . 4 2 . 4 4 . 3 1 . 9 1 . 8 5 3 1 7 0 3 2 4 3 6 5 0 4 8 7 3 9 3 7 5 5 1 7 6 We s t N o r t h C e n t r a l 4 9 . 7 5 0 . 5 9 1 . 9 4 9 0 . 8 8 4 5 . 6 9 4 5 . 8 6 - 1 . 5 1 . 2 - 0 . 4 1 . 0 1 . 4 - 0 . 1 4 6 . 2 4 7 . 0 9 0 . 6 3 8 9 . 5 1 4 1 . 8 9 4 2 . 1 1 - 1 . 8 1 . 3 - 0 . 5 1 . 0 1 . 5 - 0 . 3 4 4 3 8 2 6 6 6 3 4 9 118 2 5 6 5 2 9 Mi s s o u r i 5 2 . 2 5 3 . 1 9 2 . 6 1 9 0 . 1 1 4 8 . 3 2 4 7 . 8 7 - 1 . 8 2 . 8 0 . 9 1 . 4 0 . 4 - 1 . 4 4 7 . 4 4 8 . 3 9 0 . 7 3 8 7 . 5 5 4 2 . 9 7 4 2 . 2 9 - 1 . 9 3 . 6 1 . 6 2 . 1 0 . 5 - 1 . 5 1 0 6 5 6 3 3 9 7 4 2 3 7 1 4 3 3 Ka n s a s C i t y , M O - K S 5 8 . 1 5 6 . 4 9 7 . 3 1 9 3 . 3 5 5 6 . 5 3 5 2 . 6 1 3 . 1 4 . 2 7 . 5 7 . 1 - 0 . 3 2 . 8 5 3 . 5 5 1 . 9 9 5 . 3 9 9 1 . 0 0 5 1 . 0 2 4 7 . 2 7 3 . 0 4 . 8 7 . 9 7 . 8 - 0 . 1 2 . 9 2 9 3 2 3 0 3 2 5 8 5 2 7 6 2 3 St L o u i s , M O - I L 5 7 . 5 5 9 . 7 9 8 . 5 9 9 6 . 3 0 5 6 . 7 2 5 7 . 4 7 - 3 . 6 2 . 4 - 1 . 3 - 0 . 2 1 . 1 - 2 . 5 5 2 . 8 5 4 . 2 9 5 . 5 2 9 2 . 6 1 5 0 . 4 0 5 0 . 1 5 - 2 . 6 3 . 1 0 . 5 1 . 5 1 . 0 - 1 . 6 3 2 8 2 4 6 3 8 1 8 0 3 2 5 83 Co l u m b i a , M O + 5 5 . 5 5 6 . 9 8 6 . 3 4 9 0 . 7 1 4 7 . 8 8 5 1 . 5 9 - 2 . 5 - 4 . 8 - 7 . 2 - 1 0 . 7 - 3 . 8 - 6 . 2 4 9 . 4 5 0 . 4 8 3 . 0 1 8 4 . 4 2 4 1 . 0 0 4 2 . 5 5 - 2 . 0 - 1 . 7 - 3 . 6 - 7 . 3 - 3 . 8 - 5 . 7 3 7 2 9 3 7 0 8 3 080 Je f f e r s o n C i t y , M O + 5 6 . 8 5 8 . 6 8 2 . 1 2 8 3 . 5 8 4 6 . 6 7 4 9 . 0 2 - 3 . 1 - 1 . 7 - 4 . 8 - 4 . 8 0 . 0 - 3 . 1 5 2 . 5 5 4 . 7 8 3 . 1 4 8 2 . 1 1 4 3 . 6 9 4 4 . 9 1 - 3 . 9 1 . 3 - 2 . 7 - 2 . 7 0 . 0 - 3 . 9 1 5 1 1 1 4 9 4 1 0 6 3 Sp r i n g f i e l d , M O 5 1 . 0 5 2 . 4 7 6 . 5 1 7 5 . 5 5 3 8 . 9 9 3 9 . 5 8 - 2 . 7 1 . 3 - 1 . 5 - 1 . 6 - 0 . 1 - 2 . 8 4 7 . 6 4 8 . 9 7 6 . 2 5 7 4 . 3 4 3 6 . 2 7 3 6 . 3 6 - 2 . 7 2 . 6 - 0 . 2 - 0 . 3 - 0 . 1 - 2 . 8 6 9 4 7 6 2 0 5 4 513 Br a n s o n , M O 2 9 . 7 3 0 . 4 8 9 . 3 7 8 8 . 2 1 2 6 . 5 3 2 6 . 8 0 - 2 . 3 1 . 3 - 1 . 0 - 0 . 1 0 . 9 - 1 . 4 2 4 . 2 2 4 . 8 8 7 . 9 5 9 0 . 0 9 2 1 . 2 9 2 2 . 3 3 - 2 . 3 - 2 . 4 - 4 . 7 - 3 . 5 1 . 2 - 1 . 1 1 0 8 2 5 9 8 1 0 3 7 3 8 La k e o f t h e O z a r k s + 3 7 . 4 3 3 . 4 8 4 . 9 1 8 5 . 8 4 3 1 . 7 6 2 8 . 6 4 1 2 . 1 - 1 . 1 1 0 . 9 1 0 . 9 0 . 0 1 2 . 1 3 2 . 9 3 1 . 3 8 4 . 7 1 8 5 . 2 2 2 7 . 8 5 2 6 . 6 5 5 . 1 - 0 . 6 4 . 5 4 . 5 0 . 0 5 . 1 3 2 1 1 2 6 1 5 1 5 44 Jo p l i n , M O 6 0 . 3 5 9 . 7 7 9 . 0 2 7 7 . 5 3 4 7 . 6 4 4 6 . 2 6 1 . 0 1 . 9 3 . 0 2 . 9 - 0 . 1 0 . 9 5 2 . 1 5 3 . 5 7 7 . 7 7 7 5 . 9 0 4 0 . 5 6 4 0 . 6 2 - 2 . 6 2 . 5 - 0 . 2 - 0 . 2 - 0 . 0 - 2 . 6 3 0 2 3 2 2 9 8 2 0 0 9 Sa i n t J o s e p h , M O + 5 4 . 9 5 5 . 0 8 4 . 8 9 8 0 . 9 6 4 6 . 5 7 4 4 . 5 6 - 0 . 3 4 . 9 4 . 5 4 . 5 0 . 0 - 0 . 3 4 7 . 9 5 1 . 2 8 5 . 4 0 8 1 . 9 8 4 0 . 8 9 4 1 . 9 4 - 6 . 4 4 . 2 - 2 . 5 - 2 . 5 0 . 0 - 6 . 4 1 2 1 0 1 1 0 6 9 9 9 A b l a n k r o w i n d i c a t e s i n s u f f i c i e n t d a t a . Source 2017 STR, Inc.Participation Oc c % Cu r r e n t M o n t h - F e b r u a r y 2 0 1 7 v s F e b r u a r y 2 0 1 6 DI S C L O S U R E D e s t i n a t i o n R e p o r t s a r e p u b l i c a t i o n s o f S T R , I n c . ( R e p o r t s c o n t a i n i n g o n l y N o r t h A m e r i c a n d a t a ) a n d S T R G l o b a l L t d ( Re p o r t s c o n t a i n i n g w o r l d w i d e d a t a ) a n d a r e i n t e n d e d s o l e l y f o r u s e b y o u r p a i d s u b s c r i b e r s . R e p r o d u c t i o n o r d i s t r i b u t i o n o f D e s tination Reports, in whole or pa r t , w i t h o u t w r i t t e n p e r m i s s i o n o f e i t h e r S T R , I n c . o r S T R G l o b a l L t d . i s p r o h i b i t e d a n d s u b j e c t t o l e g a l a c t i o n . S i t e l i c e n s e s a r e a v a i l a b l e . P l e a s e c o n s u l t y o u r c o n t r a c t w i t h S T R , I n c . o r S T R G l o b a l , L t d f o r t h e t e r m s a n d c o n d i t i o n s g o v e r n i n g t h e o w n e rship, distribution and use of Destination Re p o r t s a n d t h e i r c o n t e n t s . Re v P A R AD R Oc c % Ye a r t o D a t e - F e b r u a r y 2 0 1 7 v s F e b r u a r y 2 0 1 6 Rooms Re v P A R Properties AD R Ta b 3 - H e l p Al l d a t a i s p r o c e s s e d b y S T R u s i n g b o t h t h e c u r r e n t a n d h i s t o r i c a l s a m p l i n g o f h o t e l s . Fo r f u r t h e r q u e s t i o n s a b o u t t h e m e t h o d o l o g y u s e d t o p r o d u c e o u r r e p o r t s , p l e a s e e m a i l d e s t i n @ s t r . c o m . Av e r a g e D a i l y R a t e ( A D R ) Ro o m r e v e n u e d i v i d e d b y r o o m s s o l d , d i s p l a y e d a s t h e a v e r a g e r e n t a l r a t e f o r a s i n g l e r o o m . Ce n s u s ( p r o p e r t i e s a n d r o o m s ) Th e n u m b e r o f p r o p e r t i e s a n d r o o m s t h a t e x i s t i n o u r d a t a b a s e f o r t h e a r e a ( s ) o r s e g m e n t ( s ) s h o w n o n t h e r e p o r t . Co n t r a c t R o o m s Co n t r a c t ro o m s ar e oc c u p i e d at ra t e s st i p u l a t e d by co n t r a c t s – su c h as fo r ai r l i n e cr e w s an d pe r m a n e n t gu e s t s . Ro o m al l o t m e n t s th a t do no t re q u i r e gu a r a n t e e d us e or pa y m e n t sh o u l d no t be cl a s s i f i e d as co n t r a c t . Ro o m s s o l d u n d e r s u c h a l l o t m e n t s s h o u l d b e c l a s s i f i e d a s t r a n s i e n t . Co u n t r y A g e o g r a p h i c a r e a t h a t h a s i n t e r n a t i o n a l l y r e c o g n i z e d b o u n d a r i e s , a n o r g a n i z e d e c o n o m y , a n d a s o v e r e i g n g o v e r n m e n t w i t h e x t e r n a l r e c o g n i t i o n . It i s t y p i c a l l y r e c o g n i z e d b y t h e I n t e r n a t i o n a l O r g a n i z a t i o n f o r S t a n d a r d i z a t i o n ( I S O ) . Cu s t o m S e g me n t s De f i n e d b y a + a t t h e e n d o f t h e s e g m e n t n a m e . I f a c u s t o m s e g m e n t i s b a s e d o n a s e l e c t e d g r o u p o f p r o p e r t i e s , n e w p r o p e r t i e s t ha t c o m e i n t o t h e a r e a w i l l N O T a u t o m a t i c a l l y b e a d d e d t o t h i s s e g m e n t . Th e n e w p r o p e r t y c a n b e a d d e d a l o n e a s l o n g a s i t h a s n o m o r e t h a n f i v e m o n t h s o f d a t a . O n c e t h e p r o p e r t y h a s s i x o r m o r e m o n t h s o f d a t a i t i s c o n s i d e r e d a n e s t a b l i s h e d p r o p e r t y , r e q u i r i n g a t w o p r o p e r t y c h a n g e ( a d d o n e / d r o p o n e o r a d d t w o ) . De m a n d ( R o o m s S o l d ) Th e n u m b e r o f r o o m s s o l d o r r e n t e d ( e x c l u d e s c o m p l i m e n t a r y r o o m s ) . Ex c h a n g e R a t e Th e f a c t o r u s e d t o c o n v e r t r e v e n u e f r o m U . S . D o l l a r s t o t h e l o c a l c u r r e n c y . T h e e x c h a n g e r a t e d a t a i s o b t a i n e d f r o m O a n d a . c o m . An y a g g r e g a t e d n u m b e r i n t h e r e p o r t ( Y T D , R u n n i n g 3 m o n t h , R u n n i n g 1 2 m o n t h ) u s e s t h e e x c h a n g e r a t e o f e a c h r e l a t i v e m o n t h w h e n c a l c u l a t i n g t h e d a t a . Gr o u p R o o m s Gr o u p ro o m s ar e so l d si m u l t a n e o u s l y in bl o c k s of a mi n i m u m of te n ro o m s or mo r e (e . g . gr o u p to u r s , do m e s t i c an d in t e r n a t i o n a l gr o u p s , as s o c i a t i o n , co n v e n t i o n an d co r p o r a t e gr o u p s ) . In d e x In d e x ( O c c u p a n c y , A D R , R e v P a r ) - P r o p e r t y p e r f o r m a n c e d i v i d e d b y c o m p e t i t i v e s e t p e r f o r m a n c e m u l t i p l i e d b y 1 0 0 . In t e r n a t i o n a l l y , i n d e x e s a r e a l s o r e f e r r e d t o a s M P I – M a r k e t P e n e t r a t i o n I n d e x ( O c c u p a n c y I n d e x ) , A R I – A v e r a g e R a t e I n d e x ( A D R I n d e x ) , a n d R G I – R e v e n u e / R e v P A R G e n e r a t i o n I n d e x ( R e v P A R I n d e x ) . Ma r k e t A g e o g r a p h i c a r e a w i t h i n a c o u n t r y . M a r k e t s a r e d e f i n e d b y S T R a n d S T R G l o b a l . Oc c u p a n c y ( O c c ) Ro o m s s o l d d i v i d e d b y r o o m s a v a i l a b l e m u l t i p l i e d b y 1 0 0 . O c c u p a n c y i s a l w a y s e x p r e s s e d a s a p e r c e n t a g e o f r o o m s o c c u p i e d . Pe r c e n t C h a n g e Am o u n t o f g r o w t h - u p , f l a t , o r d o w n - t h i s p e r i o d v e r s u s s a m e p e r i o d l a s t y e a r ( m o n t h o r y e a r - t o - d a t e ) . C a l c u l a t e d a s ( ( T Y - L Y) / L Y ) * 1 0 0 . Re v e n u e ( R o o m R e v e n u e ) To t a l r o o m r e v e n u e g e n e r a t e d f r o m t h e s a l e o r r e n t a l o f r o o m s . Re v P A R ( R e v e n u e P e r A v a i l a b l e R o o m ) Ro o m r e v e n u e d i v i d e d b y r o o m s a v a i l a b l e . Sa m p l e o r % R o o m P a r t i c i p a n t s Th e p e r c e n t o f r o o m s f r o m w h i c h S T R r e c e i v e s d a t a . C a l c u l a t e d a s ( S a m p l e R o o m s / C e n s u s R o o m s ) * " 1 0 0 " Su b - M a r k e t A g e o g r a p h i c s u b - a r e a w i t h i n a M a r k e t . S u b - m a r k e t s a r e d e f i n e d b y S T R a n d S T R G l o b a l . Su p p l y ( R o o m s A v a i l a b l e ) Th e n u m b e r o f r o o m s t i m e s t h e n u m b e r o f d a y s i n t h e p e r i o d . Tr a n s i e n t R o o m s Tr a n s i e n t ro o m s In c l u d e ro o m s oc c u p i e d by th o s e wi t h re s e r v a t i o n s at ra c k , co r p o r a t e , co r p o r a t e ne g o t i a t e d , pa c k a g e , go v e r n m e n t , or fo r e i g n tr a v e l e r ra t e s . Al s o in c l u d e s oc c u p i e d ro o m s bo o k e d vi a th i r d pa r t y we b si t e s (e x c e p t i o n : si m u l t a n e o u s bo o k i n g s of te n or mo r e ro o m s wh i c h sh o u l d be de f i n e d as gr o u p ) . Tw e l v e M o n t h M o v i n g A v e r a g e Me a s u r e s (O c c , AD R , Re v P A R , Su p p l y , De m a n d , Re v e n u e ) ar e ca l c u l a t e d us i n g th e su m of th e va l u e s of th e gi v e n mo n t h an d of th e pr e c e d i n g el e v e n mo n t h s . WD ( W e e k d a y ) Av e r a g e o f S u n d a y t h r o u g h T h u r s d a y WE ( W e e k e n d ) Av e r a g e o f F r i d a y a n d S a t u r d a y Me a s u r e s ( O c c , A D R , R e v P A R , S u p p l y , D e m a n d , R e v e n u e ) a r e c a l c u l a t e d u s i n g t h e s u m o f t h e v a l u e s f r o m J a n u a r y 1 o f t h e g i v e n y e a r. CE N T R A L MI S S O U R I MU L T I ‐MO D A L PO R T PR O J E C T UP D A T E D 03 ‐28 ‐17 Ta s k 1 ‐ In t e r m o d a l Fr e i g h t Ma r k e t As s e s s m e n t Ta s k 2 ‐ Si t e As s e s s m e n t an d La y o u t Ta s k 3 ‐ Be n e f i t ‐co s t An a l y s i s of Ce n t r a l Missouri Po r t Pr o j e c t Ta s k 4 ‐ Ec o n o m i c an d Fi s c a l Im p a c t An a l y s i s of Id e n t i f i e d De v e l o p m e n t Op p o r t u n i t y Ta s k 5 ‐ Fi n a l i z e Re c o m m e n d a t i o n s an d De v e l o p Fi n a l Re p o r t an d Ex e c u t i v e Su m m a r y Fe a s i b i l i t y St u d y Ta s k 1 Ta s k 1 ‐ In t e r m o d a l Fr e i g h t Ma r k e t As s e s s m e n t Ob j e c t i v e : To as s e s s th e ma r k e t fe a s i b i l i t y of va r i o u s lo g i s t i c s ba s e d de v e l o p m e n t s opportunities an d to pr e p a r e a ma r k e t i n g pl a n fo r th e op p o r t u n i t y de e m e d mo s t fe a s i b l e . Ap p r o a c h : Th i s ta s k wi l l be ac c o m p l i s h e d th r o u g h a se r i e s of si x su b t a s k s as pr e s e n t e d below. • Su b t a s k 1. 1 . Lo g i s t i c s Ba s e d De v e l o p m e n t SW O T An a l y s i s . Th i s su b t a s k is co m p r i s e d of the fo l l o w i n g wo r k el e m e n t s : • Su b t a s k 1. 2 . Co m m o d i t y / F r e i g h t Fl o w An a l y s i s . Ba s e d on th e SW O T an a l y s i s fr o m the pr e v i o u s ta s k , th e CS te a m wi l l id e n t i f y th e po t e n t i a l fr e i g h t ma r k e t s th a t co u l d be served from fa c i l i t i e s in th e Je f f e r s o n Ci t y re g i o n . Ea c h of th e s e ma r k e t s wi l l be ex a m i n e d in ac c o r d a n c e wi t h th e i r di f f e r i n g ch a r a c t e r i s t i c s an d va r y i n g li k e l i h o o d of be i n g ca p t u r e d by a ne w mu l t i m o d a l te r m i n a l . To do so , we wi l l co n d u c t th e fo l l o w i n g tw o wo r k st e p s : • Su b t a s k 1. 3 . Es t i m a t e Ma r k e t Po t e n t i a l by Co n d u c t i n g Ec o n o m i c an d Fu t u r e s Pr o j e c t i o n s . Ut i l i z i n g th e in f o r m a t i o n ga t h e r e d th r o u g h th e pr i o r su b t a s k , th e CS te a m wi l l ap p l y a di v e r s i o n mo d e l to es t i m a t e po t e n t i a l vo l u m e s fo r a ne w Je f f e r s o n Ci t y po r t an d in t e r m o d a l fa c i l i t y fo r a ba s e ye a r of 20 1 8 an d a fo r e c a s t ye a r of 20 4 0 . Th e fo r e c a s t wi l l be de r i v e d from FA F 3 an d Tr a n s e a r c h . Ta s k 1 Ta s k 1. In t e r m o d a l Fr e i g h t Ma r k e t As s e s s m e n t (c o n ’ t ) • Su b t a s k 1. 4 . De t e r m i n e Pr e f e r r e d De v e l o p m e n t Op p o r t u n i t y . Th e pr i m a r y go a l of this su b t a s k is to fr a m e th e op p o r t u n i t y , ba s e d on th e fi n d i n g s an d le s s o n s le a r n e d fr o m pr e v i o u s st e p s . Th i n k i n g ab o u t tw o of th e mo s t im p o r t a n t pr o j e c t go a l s –d e v e l o p a st r a t e g y fo r po s i t i o n i n g Je f f e r s o n Ci t y as a re g i o n a l in t e r m o d a l tr a n s p o r t a t i o n hu b , and de v e l o p a st r a t e g i c pl a n to ma x i m i z e op p o r t u n i t y fr o m th e re g i o n a l re s o u r c e s to support th e co n c e p t of a ma j o r re g i o n a l in t e r m o d a l tr a n s p o r t a t i o n hu b –W h a t is th e be s t way to me e t th e s e go a l s ? Wh a t ki n d of in t e r m o d a l fa c i l i t y / l o g i s t i c s hu b is ne e d e d , in te r m s of its fu n c t i o n a l el e m e n t s an d ch a r a c t e r i s t i c s , lo c a t i o n an d co n n e c t i v i t y , ca p a c i t y , an d extent? Ho w im p o r t a n t is th e av a i l a b i l i t y of la n d co m p a r e d to tr a n s p o r t a t i o n ac c e s s or pr o x i m i t y to th e Po r t an d Ra i l ? In ad d i t i o n , wh a t ch a l l e n g e s wi l l ne e d to be ov e r c o m e , in te r m s of tr a n s p o r t a t i o n im p a c t s , ma r k e t ac c e p t a n c e , pr i v a t e se c t o r bu y ‐in an d pa r t i c i p a t i o n , en v i r o n m e n t a l an d co m m u n i t y ef f e c t s , an d co s t s ? Wh a t ar e fu n d i n g so u r c e s an d re q u i r e m e n t s ? Th e CS te a m wi l l pr o d u c e a su m m a r y as s e s s m e n t , wh i c h ca n be used in two wa y s : 1) to gu i d e th e de v e l o p m e n t of sp e c i f i c de v e l o p m e n t re c o m m e n d a t i o n s ; an d 2) to id e n t i f y po t e n t i a l im p e d i m e n t s , ch a l l e n g e s an d is s u e s to be ad d r e s s e d . • Su b t a s k 1. 6 . De v e l o p Ma r k e t i n g Pl a n . CS wi l l as s e s s th e dy n a m i c s of th e Je f f e r s o n City area an d it s en v i r o n s . By re v i e w i n g da t a on th e wo r k f o r c e , ec o n o m i c ba s e , an d ot h e r locationaly sa l i e n t fa c t o r s , we wi l l be g i n to de v e l o p an at t r a c t i o n pr o f i l e fo r th e re g i o n . In ad d i t i o n to th e tr a d e fl o w da t a fr o m ab o v e , we wi l l ex a m i n e da t a on : Ta s k 2 Ta s k 2 ‐ Si t e As s e s s m e n t an d La y o u t Ob j e c t i v e : To co n d u c t an as s e s s m e n t of th e su i t a b i l i t y an d in v e s t m e n t re q u i r e m e n t s of the id e n t i f i e d si t e to me e t th e ne e d s of th e id e n t i f i e d de v e l o p m e n t op p o r t u n i t i e s . Ap p r o a c h : Un d e r th i s ta s k , th e CS / H a n s o n te a m wi l l id e n t i f y st a r t ‐up an d ex p e c t e d ongoing co s t s as s o c i a t e d wi t h th e es t a b l i s h m e n t of a po r t au t h o r i t y in ce n t r a l Mi s s o u r i . A po t e n t i a l po r t de v e l o p m e n t si t e wa s pr e v i o u s l y id e n t i f i e d an d pr e l i m i n a r y ra i l la y o u t s we r e de v e l o p e d by ot h e r s . Th e CS / H a n s o n te a m wi l l ev a l u a t e th e si t e ’ s fe a s i b i l i t y to ac c o m m o d a t e the bu s i n e s s e s an d co m m o d i t y cl a s s i f i c a t i o n s id e n t i f i e d in th e pr e c e d i n g ta s k s . • As pa r t of th i s ef f o r t , th e CS / H a n s o n te a m wi l l ev a l u a t e an d ex p a n d up o n th e pr e l i m i n a r y ra i l la y o u t s to de v e l o p a co n c e p t u a l si t e pl a n . Th e co n c e p t u a l si t e pl a n wi l l id e n t i f y major la n d s i d e de v e l o p m e n t co m p o n e n t s , in c l u d i n g ro a d w a y s , ra i l co r r i d o r s , wo r k ar e a s , ma t e r i a l ha n d l i n g co r r i d o r s , an d st o r a g e ar e a s . Pa r t i c i p a t i o n in up to tw o (2 ) co o r d i n a t i o n me e t i n g s wi t h Un i o n Pa c i f i c Ra i l r o a d is in c l u d e d in th i s ta s k , an d me e t i n g s ar e as s u m e d to be wi t h ei t h e r lo c a l st a f f or co n f e r e n c e ca l l s . Ta s k 2 Ta s k 2 ‐ Si t e As s e s s m e n t an d La y o u t (c o n ’ t ) Va r i o u s co m m o d i t y cl a s s e s (i . e . dr y bu l k , li q u i d bu l k , co n t a i n e r s , et c . ) re q u i r e sp e c i f i c material ha n d l i n g eq u i p m e n t an d do c k in f r a s t r u c t u r e . Ba s e d on da t a ga t h e r e d as pa r t of th e preceding ta s k s an d ot h e r re a d i l y av a i l a b l e in f o r m a t i o n , ma j o r ma t e r i a l ha n d l i n g eq u i p m e n t an d dock in f r a s t r u c t u r e re q u i r e m e n t s fo r th e in l a n d po r t fa c i l i t y wi l l be id e n t i f i e d . Co n s i d e r a t i o n will al s o be gi v e n to th e pr o x i m i t y of ex i s t i n g ri v e r tr a i n i n g st r u c t u r e s (d i k e s an d re v e t m e n t s ) , the ab i l i t y to ac c o m m o d a t e ba r g e lo a d i n g / u n l o a d i n g ac t i v i t i e s ar o u n d th o s e st r u c t u r e s , and pr e l i m i n a r y id e n t i f i c a t i o n of ne a r b y ar e a s th a t ma y be fe a s i b l e fo r ba r g e fl e e t i n g . Th e de v e l o p m e n t of th e co n c e p t u a l si t e pl a n wi l l be li m i t e d to tw o (2 ) al t e r n a t i v e s and one (1 ) it e r a t i o n of cl i e n t re v i e w / c o m m e n t s an d su b s e q u e n t re v i s i o n s fo r ea c h al t e r n a t i v e . • Ba s e d on th e la n d s i d e an d ri v e r f r o n t in f r a s t r u c t u r e an d ot h e r si t e im p r o v e m e n t s id e n t i f i e d in th e co n c e p t u a l si t e pl a n al t e r n a t i v e s , a co n c e p t ‐le v e l op i n i o n of pr o b a b l e co n s t r u c t i o n co s t wi l l be pr e p a r e d fo r th e pr e f e r r e d al t e r n a t i v e . Ad d i t i o n a l l y , as s u m p t i o n s re l a t e d to hu m a n re s o u r c e s re q u i r e d to ma n a g e an d op e r a t e th e po r t wi l l be id e n t i f i e d an d re l a t e d on g o i n g co s t s wi l l be pr o j e c t e d . • De l i v e r a b l e s :( in PD F fo r m a t ) : co n c e p t u a l si t e pl a n ( s ) ; me m o r a n d u m su m m a r i z i n g the co n c e p t u a l si t e pl a n ( s ) , co n c e p t ‐le v e l op i n i o n of pr o b a b l e co n s t r u c t i o n co s t , an d ongoing co s t as s u m p t i o n s an d pr o j e c t i o n s . Ta s k 3 Ta s k 3 ‐ Be n e f i t ‐co s t An a l y s i s of Ce n t r a l Mi s s o u r i Po r t Pr o j e c t Ob j e c t i v e : To co n d u c t a BC A of th e po t e n t i a l CM P P . Ap p r o a c h : BC A qu a n t i f i e s th e mo n e t i z e d do l l a r va l u e of tr a n s p o r t a t i o n sy s t e m be n e f i t s and ec o n o m i c im p a c t an a l y s i s qu a n t i f i e s di r e c t , in d i r e c t , an d in d u c e d mo n e t i z e d be n e f i t s of program ‐ re l a t e d in c r e a s e s in ec o n o m i c ac t i v i t y . We pr o p o s e in c l u d i n g el e m e n t s of bo t h BC A and economic im p a c t as s e s s m e n t fo r th i s st u d y . Ke y fa c t o r s to be qu a n t i f i e d an d tr a n s l a t e d in t o mo n e t a r y terms fo r th e ec o n o m i c be n e f i t s an a l y s i s in c l u d e tr a n s p o r t a t i o n ‐re l a t e d be n e f i t s , sh i p p e r co s t savings, and bu s i n e s s at t r a c t i o n an d re t e n t i o n . Th e mo n e t i z e d be n e f i t s wi l l be ru n th r o u g h an ec o n o m i c si m u l a t i o n mo d e l to ge n e r a t e th e mu l t i p l i e r be n e f i t s of th e pr o g r a m . Th e tr a v e l ef f i c i e n c y and sh i p p e r co s t sa v i n g s wi l l al s o be us e d as a fo u n d a t i o n fo r th e Be n e f i t ‐Co s t An a l y s i s . Estimating the ec o n o m i c ef f e c t s of th e CM P P re q u i r e s an un d e r s t a n d i n g of wh o is be i n g af f e c t e d an d the manner in wh i c h th e y ar e af f e c t e d . De l i v e r a b l e : A te c h n i c a l me m o de t a i l i n g th e me t h o d s , da t a an d fi n d i n g s of th e as s e s s m e n t of the be n e f i t s an d co s t s ar i s i n g fr o m th e re l o c a t i o n of th e SK O L ya r d . Ta s k 4 Ta s k 4 ‐ Ec o n o m i c an d Fi s c a l Im p a c t An a l y s i s of Id e n t i f i e d De v e l o p m e n t Op p o r t u n i t y Ob j e c t i v e : To qu a n t i f y th e ec o n o m i c an d fi s c a l im p a c t s ar i s i n g fr o m th e id e n t i f i e d development op p o r t u n i t y in te r m s of re g i o n a l ou t p u t , in c o m e , em p l o y m e n t an d ta x re v e n u e . Ap p r o a c h : Lo g i s t i c s hu b s ca n be ex p e c t e d to ge n e r a t e ce r t a i n ty p e s of ne w jo b s –not only te m p o r a r y co n s t r u c t i o n jo b s , bu t al s o pe r m a n e n t jo b s in th e tr a n s p o r t a t i o n ca r r i a g e , wa r e h o u s e / d i s t r i b u t i o n , ma n u f a c t u r i n g , an d ot h e r in d u s t r y se c t o r s . A cr i t i c a l el e m e n t of this st u d y is th e ev a l u a t i o n of re g i o n a l ec o n o m i c de v e l o p m e n t op p o r t u n i t i e s fo r a lo g i s t i c s facility to af f e c t ec o n o m i c pr o s p e r i t y in th e sh o r t ‐ an d lo n g ‐te r m . Fi g u r e 2 di s p l a y s th e pr o c e s s we will em p l o y to qu a n t i f y th e ec o n o m i c im p a c t s ar i s i n g fr o m th e de v e l o p m e n t op p o r t u n i t y . The po t e n t i a l be n e f i t s in c l u d e in c r e a s e d co m p e t i t i v e n e s s fo r th e re g i o n ’ s ex i s t i n g bu s i n e s s e s and the at t r a c t i o n of ne w bu s i n e s s e s . Th e s e wi l l re p r e s e n t th e di r e c t im p a c t s . An IM P A N economic si m u l a t i o n mo d e l (b e i n g ac q u i r e d fo r th e MO D O T Po r t Ec o n o m i c St u d y ) wi l l be us e d to estimate th e in d i r e c t mu l t i p l i e r be n e f i t s . Th e ec o n o m i c im p a c t s wi l l be ex p r e s s e d in te r m s of regional ou t p u t , em p l o y m e n t , re v e n u e cr e a t i o n an d in c o m e . Ad d i t i o n a l me t r i c s su c h as so c i e t a l benefits an d in f r a s t r u c t u r e sa v i n g s ma y al s o be id e n t i f i e d an d qu a n t i f i e d . Ta s k 4 Ta s k 4 ‐ Ec o n o m i c an d Fi s c a l Im p a c t An a l y s i s of Id e n t i f i e d De v e l o p m e n t Op p o r t u n i t y • Re s e a r c h Fe d e r a l , st a t e an d lo c a l fu n d i n g an d re v e n u e so u r c e s . Th e CS te a m wi l l conduct a co m p r e h e n s i v e in v e n t o r y of po t e n t i a l l y ap p l i c a b l e Fe d e r a l , st a t e , an d lo c a l fu n d i n g sources for im p l e m e n t a t i o n of th e Pr e f e r r e d St r a t e g i c Tr a n s p o r t a t i o n Pl a n . Th i s wi l l in c l u d e the latest av a i l a b l e in f o r m a t i o n on Fe d e r a l tr a n s p o r t a t i o n fu n d i n g le g i s l a t i o n an d di s c r e t i o n a r y / c o m p e t i t i v e gr a n t pr o g r a m s , su c h as TI G E R an d FA S T L A N E . • Ad d i t i o n a l l y , ba s e d up o n th e pr o j e c t e d bu i l d ‐ou t fr e i g h t fa c i l i t i e s , an as s e s s m e n t of potential po r t re v e n u e wi l l be co n d u c t e d . Th i s as s e s s m e n t wi l l be ba s e d on pr o j e c t e d la n d use defined by th i s st u d y , co u p l e d wi t h th e mo s t re c e n t po r t le a s i n g po l i c y (i n c l u d i n g ty p i c a l la n d lease rates and es c a l a t i o n cl a u s e s ) an d ra t e s an d ch a r g e s do c u m e n t s wi l l be us e d to as s e s s po t e n t i a l revenue st r e a m s fr o m po r t la n d de v e l o p m e n t . De l i v e r a b l e : A te c h n i c a l me m o de t a i l i n g th e me t h o d s , da t a an d fi n d i n g s of th e ec o n o m i c , fiscal and fi n a n c i a l an a l y s i s of th e id e n t i f i e d de v e l o p m e n t op p o r t u n i t i e s . Ta s k 5 Ta s k 5 ‐ Fi n a l i z e Re c o m m e n d a t i o n s an d De v e l o p Fi n a l Re p o r t an d Ex e c u t i v e Su m m a r y Pu r p o s e . Th e ob j e c t i v e of th i s ta s k is to su m m a r i z e th e re s u l t s of ou r an a l y s i s , de v e l o p re c o m m e n d a t i o n s ba s e d on th o s e re s u l t s an d co m p i l e a fi n a l re p o r t an d ex e c u t i v e su m m a r y . Ap p r o a c h . Th e CS te a m wi l l be wo r k i n g to w a r d th e de v e l o p m e n t of pr o j e c t fi n a l do c u m e n t a t i o n th r o u g h o u t th e co u r s e of th e st u d y . Wh e n th e Fi n a l Re p o r t is vi e w e d as an af t e r ‐th o u g h t , sc h e d u l e an d bu d g e t pr o b l e m s re s u l t . Th u s , al l pr o j e c t do c u m e n t a t i o n de v e l o p e d du r i n g th e st u d y wi l l se r v e as th e ra w ma t e r i a l fo r th e fi n a l do c u m e n t s , and wi l l be de v e l o p e d by te a m me m b e r s wi t h th a t ul t i m a t e ob j e c t i v e in mi n d . Th e CS te a m wi l l wo r k ve r y cl o s e l y wi t h th e Ch a m b e r in de v e l o p i n g th e fi n a l do c u m e n t s . In or d e r to fi n a l i z e th e re c o m m e n d a t i o n s an d CM P P st r a t e g i c pl a n , th e CS te a m wi l l co n d u c t a fi n a l wo r k s h o p wi t h ke y st a k e h o l d e r s . A ke y ou t c o m e of th i s wo r k s h o p will be re c o m m e n d a t i o n s ti e d to re a l i s t i c fu n d i n g so u r c e s . Th i s wo r k s h o p wi l l re c a p in f o r m a t i o n fr o m pr e v i o u s ta s k s , in c l u d i n g : Ta s k 5 Ta s k 5 ‐ Fi n a l i z e Re c o m m e n d a t i o n s an d De v e l o p Fi n a l Re p o r t an d Ex e c u t i v e Su m m a r y  Ex i s t i n g co n d i t i o n s wi t h i n th e re g i o n an d ex t e r n a l ch a n g e s an d tr e n d s li k e l y to impact the re g i o n in th e fu t u r e ;  Cr i t i c a l st r a t e g i c is s u e s af f e c t i n g fr e i g h t tr a n s p o r t a t i o n an d in l a n d po r t an d ot h e r economic de v e l o p m e n t in th e re g i o n ;  Ec o n o m i c an d co m m u n i t y im p a c t s an d mi t i g a t i o n st r a t e g i e s ;  Re c o m m e n d e d pr o j e c t s an d ac t i o n s to me e t th e go o d s mo v e m e n t ne e d s wh i l e mitigating the ne g a t i v e co m m u n i t y im p a c t s ; an d  Di s c u s s re a l i s t i c fu n d i n g op t i o n s . Fo l l o w i n g th e wo r k s h o p , CS wi l l wo r k wi t h th e Ch a m b e r to de t e r m i n e th e ap p r o p r i a t e fo r m a t of all de l i v e r a b l e s in c l u d i n g an ex e c u t i v e su m m a r y . In ad d i t i o n to th e fi n a l re p o r t , CS wi l l de v e l o p a co m m u n i c a t i o n st r a t e g y fo r di s s e m i n a t i n g th e fi n d i n g s an d co m m u n i c a t i n g th e Pl a n to th e stakeholders, el e c t e d of f i c i a l s , lo c a l pl a n n e r s an d th e pu b l i c . De l i v e r a b l e s : Th e de l i v e r a b l e s of th i s ta s k in c l u d e :  Fi n a l Re p o r t , in c l u d i n g su f f i c i e n t te c h n i c a l de t a i l on st u d y fi n d i n g s an d re c o m m e n d a t i o n s ;  Co n c i s e Ex e c u t i v e Su m m a r y in co l o r br o c h u r e / p o s t e r fo r m a t ;  Pr o j e c t Br i e f i n g bo o k / P o w e r P o i n t ; an d  Te c h n i c a l da t a an d in f o r m a t i o n (i n c l u d i n g da t a , GI S fi l e s , in t e r v i e w no t e s an d other supporting in f o r m a t i o n ) fr o m ea c h of th e te c h n i c a l ta s k s . Fe a s i b i l i t y St u d y Fe a s i b i l i t y St u d y Fe a s i b i l i t y St u d y Ba s e Fe a s i b i l i t y St u d y Ca l l a w a y Co u n t y Si t e Ad d $122,000 Ta s k 1 ‐ Fr e i g h t Ma r k e t Fe a s i b i l i t y $4 6 , 0 0 0 $ 0 $ 4 6 , 0 0 0 Ta s k 2 ‐ Si t e As s e s s m e n t $ 3 4 , 0 0 0 $ 2 0 , 0 0 0 $ 5 4 , 0 0 0 Ta s k 3 ‐ Fi n a n c i a l F e a s i b i l i t y $2 2 , 0 0 0 $ 0 $ 2 2 , 0 0 0 $48,000 Ta s k 4 ‐ Ec o n o m i c I m p a c t $ 1 6 , 0 0 0 $ 0 $ 1 6 , 0 0 0 Ta s k 5 ‐ Fi n a l Re p o r t $ 3 2 , 0 0 0 $ 0 $ 3 2 , 0 0 0 $1 5 0 , 0 0 0 $ 2 0 , 0 0 0 $ 1 7 0 , 0 0 0 $170,000 Ph a s e 1P h a s e 2T o t a l Je f f e r s o n Ci t y 2 8 . 0 0 % $ 3 4 , 1 6 0 $ 1 3 , 4 4 0 $4 7 , 6 0 0 Co l e Co u n t y 2 8 . 0 0 % $ 3 4 , 1 6 0 $ 1 3 , 4 4 0 $4 7 , 6 0 0 Ca l l a w a y Co u n t y 2 8 . 0 0 % $ 3 4 , 1 6 0 $ 1 3 , 4 4 0 $4 7 , 6 0 0 Ot h e r Fu n d i n g So u r c e 1 6 . 0 0 % $ 1 9 , 5 2 0 $ 7 , 6 8 0 $2 7 , 2 0 0 $1 2 2 , 0 0 0 $ 4 8 , 0 0 0 $ 1 7 0 , 0 0 0 FU N D I N G PL A N CE N T R A L M I S S O U R I MU L T I M O D A L PO R T PR O J E C T Fe a s i b i l i t y St u d y ‐ Pr o p o s e d So u r c e s an d Us e s of Fu n d s PH A S E 2 PH A S E 1 OVERLAND PARK, KS: P.O. Box 27196, Overland Park, KS 66225 Phone: (913) 851-7530 Fax: (913) 851-7529 FORT COLLINS, CO: 4809 Prairie Vista Dr., Ft. Collins, CO 80526 Phone: (970) 266-8724 Fax: (913) 851-7529 www.austinpeters.com DATE: April 3, 2017 MEMO TO: Gail Strope, Human Resource Director MEMO FROM: Becky Crowder, President RE: Changes to Governing Body Exhibit December 1 Position Table There are four changes that were discovered in preparing the final census for the pay plan implementation. Outlined here are the four changes (in lime green, same with attached Table) and a brief explanation of what occurred. The total impact to range minimum costs and 2% market adjustments costs is $19,087.35 less than originally anticipated. 1. Range 12 minimum was inaccurately reported in the report. This error occurred when the data set transmitted to APG reported a range minimum at $16.02, this error was then compounded by future calculations. 2. ITS Support Specialist Range 16. This error occurred when APG received the range for this position as a 15 in the original census, then APG discovered in the final census file received that the position was a range 16 and should have always been reported as a range 16. 3. For the Fire Fighter 14F and Fire Fighter Driver Engineer 16F, APG inadvertently added the November 2% range adjustment on top of the proposed ranges when converting from annualized amounts back to the new proposed hourly range amounts, thus it got added on twice. This means the range minimums and maximums were 2% higher than intended. 4. For range 23, APG understood the correct amount to be precisely between the range 22 and 24. It is not precisely between the two ranges, Human Resources corrected the amount to what is shown in the attached table and below. TITLE DEPART CURRENT RANGE CURRENT RANGE MIN CURRENT RANGE MAX RECLASS RANGE PROPOSED RANGE MIN PROPOSED RANGE MAX Range 12 Any 12 $16.34 $24.79 12 $16.80 $25.49 Range 12 (corrected) Any 12 $16.53 $24/79 12 $16.99 $25.49 Fire Fighter Fire 13F $12.20 $18.30 14F $13.43 $20.15 Fire Fighter (corrected) Fire 13F $12.20 $18.30 14F $13.17 $19.75 ITS Support Specialist Finance/IT 15 $19.14 $28.69 15 $19.68 $29.50 ITS Support Specialist (corrected) Finance/IT 16 $20.08 $30.13 16 $20.65 $30.98 Fire Driver Engineer Fire 15F $13.45 $20.18 16F $14.81 $22.22 Fire Driver Engineer (corrected) Fire 15F $13.45 $20.18 16F $14.52 $21.78 Assistant Fire Chief Fire 22F $21.10 $31.65 23F $24.07 $36.11 Assistant Fire Chief (corrected) Fire 22F $21.10 $31.65 23F $24.35 $36.53 Range 23 Any 23 n/a n/a 23 $33.57 $50.36 Range 23 (corrected) Any 23 n/a n/a 23 $33.42 $50.13 Range notes are 2,080 hours, Line fire personnel 2,959 hours; Assistant Chiefs 2,912 hours. MEMORANDUM To: Finance Committee From: Ryan Moehlman, City Counselor Date: April 10, 2017 RE: Potential Charter Amendments My office was asked to explore three potential amendments to the City Charter. Discussion of these potential amendments is set forth below, listed in order of where the potentially effected provisions appear in the Charter. Amendments to the City Charter must be approved by the voters of the City. However, the City Charter allows the City Council to directly propose Charter amendment to be placed on a ballot. The next available election date is August 8, 2017. To be placed on this ballot, these amendments must be approved by the Council and submitted to the County Clerk no later than May 30, 2017. The next available election date after August election is November 7. 2017. City Clerk Residency Requirements Section 3.8. City Clerk. The council shall appoint an officer who shall have the title of city clerk. He shall keep the journal of council proceedings, authenticate by his signature all ordinances and resolutions, and record them in full in a book kept for that purpose. He shall perform such other duties as may be required by law, by this charter, or by the council. The city clerk shall hold office at the pleasure of the council. The city clerk shall be a resident of the city comply with any residency requirements applicable to department directors as may be established by ordinance. Rationale for Amendment: The City Clerk is the only City employee which the Charter or ordinance seems to absolutely require to reside within the City limits at all times. There is no other legal obligation or requirement in state law which compels City Clerks (and City Clerks alone) to reside with a City’s limits. In its current form, in event the position of City Clerk becomes vacant, this provision reduces the applicant pool of qualified applicants and also prevents any otherwise qualified City employees who don’t live within the City limits from being promoted to the office of City Clerk. The goals of having City management employees reside within the City are substantially advanced by removing this overly-strict requirement and instead imposing on the office of City Clerk the same residency requirements as are imposed on departmental directors. Eliminate Firemen’s Pension Board Section 6.4. [Reserved]Firemen's Pension Fund. (a) Fund. There shall be a fund which shall be under the exclusive management and control of a board of trustees known as the "Firemen's Pension Fund of the City of Jefferson, Missouri." The purpose of the fund shall be to provide pension benefits to members of the Fire Department and their dependents. Nothing in this charter shall be construed as prohibiting the City Council from creating more than one method for providing pension benefits to firefighters so long as no vested rights are abridged without the consent of the employee or retiree. (b) Members. The board shall consist of the City Administrator of the City of Jefferson, the City Finance Director, the Chief of the Fire Department, three members chosen from the citizens at large appointed for three year terms by the Mayor with the consent and approval of the City Council, and three members of the Fire Department elected for three year terms by the members thereof, such elections to be held on the first Monday in June of each year. The three citizens at large to be appointed by the Mayor shall be appointed from a list of at least three individuals per position. The list shall be furnished to the Mayor by the board. Any person appointed to the board as a citizen at large shall have a background in a field of endeavor relevant to pension plans and shall not have a personal pecuniary interest, either present or potential, in the fund. The terms of the citizens at large members appointed by the Mayor and the members elected from the Fire Department shall be staggered. The compensation of all persons engaged by the board of trustees, and all other expenses of the board necessary for the operation of the firemen's pension system shall be paid at such rates and in such amounts as the board of trustees shall approve. The members of the board of trustees shall serve without compensation. (c) Fund Custodian. The City Finance Director shall be custodian of all money, securities and other property of the fund, subject to the control and direction of the board. As prescribed by the board, he shall keep separate books and complete accounts of the fund, and his books and accounts shall always be subject to the inspection of the board or any of its members. He shall be liable on his bond executed to the municipality as Finance Director of the City of Jefferson, Missouri, for all his acts concerning the fund. On the expiration of his term of office he shall deliver to his successor all unexpended money, securities, books, records and other property which may have come into his possession as treasurer of the fund. (d) Legal Advisor. The City Counselor shall be legal advisor of the board of trustees. (a) Organization, Powers. The members shall immediately after their appointment or election, meet and organize by election of one of their number chairman, and by the election of such other officers as they deem necessary. The Chief of the Fire Department shall serve as secretary of the board. The City Finance Director shall serve as treasurer of the board and deposit all money in the City depository. The board shall make and adopt such bylaws, rules and regulations for its guidance and for the operation of the fund. The board shall have the exclusive control of the expenditures and investment of all money collected for and deposited to, or appropriated to the credit of the pension fund and of the supervision, care and custody of the pension fund. All money received for the fund shall be deposited in the City treasury to the credit of the fund and shall be kept separate and apart from other money of the City and drawn upon by the Director of Finance upon the proper authorization. The board may determine the manner and method of providing benefits, the level of benefits and any assessment against the wages of the Fire Department necessary to maintain actuarial soundness of any plans in effect by and with the consent of the Council. (b) Annual Report. The board shall make an annual actuarial report to the council stating the condition of their trust, the various sums of money deposited to the fund and how much money has been expended from the fund and for what purposes, with such statistics, information and suggestions as they may deem of general interest. All portions of the report relating to the receipt and expenditure of money shall be verified by affidavit. (c) Tax Levy. Any tax levy previously adopted by the people of the City for firemen's pension purposes is hereby continued in full force and effect until modified or discontinued in the manner provided by law. Any tax for firemen's pension fund purposes shall be levied and collected in like manner with other general taxes of the City, but the funds received therefrom shall be kept separate and apart from all other funds of the City and shall be deposited in a fund designated "Firemen's Pension Fund." Any such tax shall continue notwithstanding any changes made by the board of trustees in the manner in which benefits are provided to members of the Fire Department. (d) Transition to the New Board. The members serving on the board of trustees as of the date of the adoption of this amendment shall serve until their successors are duly chosen or April 15, 1988, whichever is later. Rationale for Amendment: The Board of Trustees if the Firemen’s Pension Fund is no longer necessary as administration of the Firefighter’s Pension Plan has been transferred to Missouri LAGERS. The Board no longer has any money or official duties and this section should be eliminated to align with the City’s current operation of firefighter retirement benefits. Change office of City Prosecutor to appointed position Section 6.6. City Prosecutor. (a) Office Established; Election Appointment and Tenure. A city prosecutor shall be elected by the qualified voters of the city nominated by the mayor, and appointed by the mayor with the advice and consent of a majority of the council. The person appointed shall serve for an indefinite term. The term of office shall be two years and he shall hold his office until his successor is duly elected and qualified. The mayor may appoint, with the advice and consent of a majority of the council, an associate or assistant city counselor to fulfill the duties of the office of the city prosecutor. (b) Qualifications. The city prosecutor shall be a person licensed to practice law in Missouriand a resident of the city at the time of his election. No person shall be eligible to the office of city prosecutor who shall, at the time of his election, be in arrears for any unpaid city taxes or guilty of forfeiture or defalcation in office. (c) Duties. 1. Attend Meetings. Attend the meetings of the council when the city counselor is unavailable upon request by the mayor or council. 2. Prosecute Violations. Prosecute all violations of city ordinances and handle appeals in connection therewith. 3. Draft Bills. Make written recommendations and draft bills and ordinances in connection with the proper administration of justice as related to the violations of city ordinances. 4. Other Duties. Perform other duties as may be required by request of the mayor or council. (d) Vacancy. Should a vacancy occur in the office of city prosecutor, the city counselor may fu lfill the duties of the office of the city prosecutor or appoint a qualified attorney to fulfill such dutiesthe mayor, with the advice and consent of the council, shall appoint a person to fill the vacancy. The successor shall serve for a period extending to the next municipal general election. (e) Compensation. The city prosecutor shall receive such compensation as shall be set by the councilordinance. Rationale for Amendment: Changing the City Prosecutor from an elected position to an appointed position would represent a potential significant cost savings. Currently, City pays the elected City Prosecutor approximately $35,000 per year. This Charter amendment allows flexibility to either appoint an associate city counselor to act as City Prosecutor or to appoint outside counsel as City Prosecutor. If an associate city counselor is appointed to fulfill the duties of City Prosecutor, then those duties will be carried out under the then-current salary of an associate city counselor. If the Mayor and Council desires to appoint outside counsel, then there would an opportunity to review RFP responses for comparison of rates and qualifications; this could potentially lead to lower rates. Also, if an associate city counselor is utilized to fulfill the duties of City Prosecutor, this could lead to greater availability to the public for work on City Prosecutor issues; i.e., as an already full time employee, an assistant city counselor would be available to work on City Prosecutor issues on full-time basis. This greater availability could lead to reduced dockets on Court days, which could lead to reduced expenses to operate the Court (court staff time, security expenses, etc.).