FY 7/1/21-6/30/22
Final Budget Teton Village Service & Improvement District Budget Hearing Information
Po Box 413 | 7020 Rachel Way Teton Village, WY 83025 (307) 733-5457
Location: Teton Village District Office Date: 7/15/2021 Time: 6:00 PM
Teton County S-A
Budget Prepared by: Mary Kay Werner, Treasurer
BUDGET MESSAGE
W.S. 16-4-104(d)
The FY 2021 budget for Teton Village Improvement and Service District (TVISD) was carefully prepared to ensure the same level of service to property owners in the residential areas of Teton Village and Granite Ridge. Services include snow removal, road repair, street sweeping, road striping, weed control and signage. The budget includes use of funds for road resurfacing chip/seal reserve based on the need for asphalt overlays in several areas. The mill levy to property owners for the FY 2021 budget year will remain at 3.91 mills, which is unchanged from previous years.
S-B
RESERVE DESCRIPTION
The reserve policy was adopted to maintain a prudent level of financial resources to maintain public safety and to provide financial flexibility. The policy includes the allocation of $100,000 of cash / cash equivalents be designated and maintained for emergency reserves. The depreciation reserve is adjusted annually per the schedule for road resurfacing to avoid any special assessments. S-C
Names of Board Members Tim Carney, Chair Shawn Reichel, Secretary Mary Kay Werner, Treasurer
Does the district have regular office hours exceeding 20 hours per week?
Date of End of Term
11/8/22 11/5/24 11/2/21
If Yes, enter Address of office: City, State, Zip: Phone Number: Hours Open:
Where are the minutes of your board meeting available for public review? Teton Village District Office, 7020 Rachel Way, Teton Village, WY 83025 How and where are the notices of meeting posted for the public?
www.tetonvillagewy.org Where are the public meetings held? Teton Village District Office, 7020 Rachel Way, Teton Village, WY 83025
7020 Rachel Way Teton Village, WY 83025 (307) 733-5457 Mon-Thur 8:30a-4:00p, Fri 8:30a - 12:00p
Yes
FINAL BUDGET SUMMARY 2019-2020 Actual
OVERVIEW
S-3
Total Budgeted Expenditures Total Principal to Pay on Debt Total Change to Restricted Funds
S-4
Total General Fund and Forecasted Revenues Available
S-5
Amount requested from County Commissioners
S-1 S-2
2020-2021 Estimated
REVENUE SUMMARY
S-7 S-8 S-9 S-10 S-11 S-12 S-13
Operating Revenues Tax levy (From the County Treasurer) Government Support Grants Other County Support (Not from Co. Treas.) Miscellaneous Other Forecasted Revenue
Total Revenue FY 7/1/21-6/30/22
S-14
EXPENDITURE SUMMARY
S-15 S-16 S-17 S-18 S-19 S-20R S-20
Capital Outlay Interest and Fees On Debt Administration Operations Indirect Costs Expenditures paid by Reserves Total Expenditures
DEBT SUMMARY
S-21
Principal Paid on Debt
CASH AND INVESTMENTS
S-22
TOTAL GENERAL FUNDS
Summary of Reserve Funds Beginning Balance in Reserve Accounts S-24 a. Sinking and Debt Service Funds S-25 b. Reserves S-26 c. Bond Funds Total Reserves (a+b+c) S-27 Amount to be added S-28 a. Sinking and Debt Service Funds S-29 b. Reserves S-30 c. Bond Funds Total to be added (a+b+c)
Final Approval
$293,887 $0 $89,320
$211,989 $0 $255,262
$471,350 $0 $0
$481,350 $0 $272,373
$1,170,335
$1,202,150
$1,180,449
$1,206,718
$395,347
$428,664
$489,352
$489,321
$0
$0
Additional Funding Needed :
S-6
2021-2022 Proposed
2019-2020 Actual $0 $395,347 $0 $0 $0 $30,815 $0 $426,162 2019-2020 Actual $0 $0 $27,668 $264,757 $1,462 $0 $293,887 2019-2020 Actual
2020-2021 Estimated $0 $428,664 $0 $0 $0 $29,313 $0
$0 $489,352 $0 $0 $0 $28,102 $0
Final Approval
$0 $489,321 $0 $0 $0 $54,402 $0
$457,977 $517,454 $543,723 Teton Village Service & Improvement District 2020-2021 Estimated $0 $0 $21,829 $188,610 $1,550 $0 $211,989 2020-2021 Estimated
$0 2019-2020 Actual
2021-2022 Proposed
$0 2020-2021 Estimated
2021-2022 Proposed $200,000 $0 $42,950 $226,800 $1,600 $0 $471,350 2021-2022 Proposed
Final Approval
$200,000 $0 $42,650 $237,100 $1,600 $0 $481,350 Final Approval
$0 2021-2022 Proposed
$0 Final Approval
$744,173
$744,173
$662,995
$662,995
$0 $501,284 $0 $501,284
$0 $590,604 $0 $590,604
$0 $845,866 $0 $845,866
$0 $845,866 $0 $845,866
$0 $89,320 $0 $89,320
$0 $255,262 $0 $255,262
$0 $0 $0 $0
$0 $272,373 $0 $272,373
$590,604 $0 $590,604
$845,866 $0 $845,866
$845,866 $0 $845,866
$1,118,239 $0 $1,118,239
S-23
S-31 S-32 S-33
Subtotal Less Total to be spent TOTAL RESERVES AT END OF FISCAL YEAR
End of Summary
Date adopted by Special District Budget Officer / District Official (if not same as "Submitted by")
DISTRICT ADDRESS: Po Box 413 | 7020 Rachel Way Teton Village, WY 83025
PREPARED BY: Mary Kay Werner, Treasurer
DISTRICT PHONE: (307) 733-5457 Prepared in compliance with the Uniform Municipal Fiscal Procedures Act (W.S. 16-4-101 through 124) as it applies. 1/23/19
Form approved by Wyoming Department of Audit, Public Funds Division
Final Budget Teton Village Service & Improvement District NAME OF DISTRICT/BOARD
FYE
6/30/2022
PROPERTY TAXES AND ASSESSMENTS
DOA Chart of Accounts R-1 R-1.1 R-1.2
Property Taxes and Assessments Received Tax Levy (From the County Treasurer) Other County Support (see note on the right)
4001 4005
2019-2020 Actual $395,347
2020-2021 Estimated $428,664
2021-2022 Proposed $489,352
Final Approval
$489,321
FORECASTED REVENUE
DOA Chart of Accounts R-2 R-2.1 R-2.2 R-2.3 R-2.4 R-2.5 R-3 R-3.1 R-3.2 R-3.3 R-3.4 R-4 R-4.1 R-4.2 R-4.3 R-4.4 R-5 R-5.1 R-5.2 R-5.3 R-5.4 R-5.5 R-6 R-6.1 R-6.2
Revenues from Other Governments State Aid Additional County Aid (non-treasurer) City (or Town) Aid Other (Specify) Total Government Support Operating Revenues Customer Charges Sales of Goods or Services Other Assessments Total Operating Revenues Grants Direct Federal Grants Federal Grants thru State Agencies Grants from State Agencies Total Grants Miscellaneous Revenue Interest Other: Specify Violations Other: See Additional Total Miscellaneous Total Forecasted Revenue Other Forecasted Revenue a. Other past due as estimated by Co. Treas. b. Other forecasted revenue (specify):
2020-2021 Estimated
2021-2022 Proposed
Final Approval
4211 4237 4237 4237 $0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$12,145 $100 $18,570 $30,815 $30,815
$4,225 $0 $25,088 $29,313 $29,313
$2,000 $0 $26,102 $28,102 $28,102
$2,000 $52,402 $54,402 $54,402
$0
$0
$0
$0
4300 4300 4503
4201 4201 4211
4501 4500
4004 4500 4500
R-6.3 R-6.4 R-6.5 R-6.6
2019-2020 Actual
Total Other Forecasted Revenue (a+b)
Final Budget Teton Village Service & Improvement District NAME OF DISTRICT/BOARD
FYE
6/30/2022
CAPITAL OUTLAY BUDGET
DOA Chart of Accounts E-1 E-1.1 E-1.2 E-1.3 E-1.4 E-1.5
Capital Outlay Real Property Vehicles Office Equipment Other (Specify) Road Resurfacing/Chip & Seal
E-1.6
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
6201 6210 6211 6200 6200
$200,000
$200,000
$200,000
$200,000
E-1.7 E-1.8
TOTAL CAPITAL OUTLAY
$0
$0
ADMINISTRATION BUDGET
DOA Chart of Accounts E-2 E-2.1 E-2.2 E-2.3 E-2.4
Personnel Services Administrator Secretary Clerical Other (Specify)
7002 7003 7004
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
$5,312
$4,200
$8,000
$8,000
7021 7022
$1,838 $3,195
$2,000 $3,140
$6,000 $3,500
$6,000 $3,500
7023 7023
$10,041
$6,500
$10,000
$10,000
7031 7032 7033 7034
$847 $1,244 $0 $0
$180 $0 $0 $0
$1,600 $2,000 $0 $0
$1,600 $2,000
7035 7035
$35 $3,000 $2,156 $27,668
$180 $3,000 $2,629 $21,829
$500 $3,000 $8,350 $42,950
$500 $3,000 $8,050 $42,650
7005 7005
E-2.5 E-2.6 E-2.7 E-3 E-3.1 E-3.2 E-3.3
Board Expenses Travel Mileage Other (Specify)
7011 7012 7013 7013 7013
E-3.4 E-3.5 E-3.6 E-4 E-4.1 E-4.2 E-4.3 E-4.4
Contractual Services Legal Accounting/Auditing Other (Specify) Engineering Fees
E-4.5 E-4.6 E-5 E-5.1 E-5.2 E-5.3 E-5.4 E-5.5 E-5.6 E-5.7 E-5.8 E-6
Other Administrative Expenses Office Supplies Office equipment, rent & repair Education Registrations Other (Specify) Postage & Freight Rent Expense see additional details
TOTAL ADMINISTRATION
Final Budget Teton Village Service & Improvement District
FYE
6/30/2022
OPERATIONS BUDGET
DOA Chart of Accounts E-7 E-7.1 E-7.2 E-7.3 E-7.4 E-7.5
Personnel Services Wages--Operations Service Contracts Other (Specify) Hourly/Temp Services Director Of Public Works
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
7202 7203 7204 7204
$3,121 $23,361
$3,500 $19,849
$4,000 $16,000
$4,000 $26,000
E-7.6 E-8 E-8.1 E-8.2
Travel Mileage Other (Specify)
7211
$300
7212 7212
E-8.3 E-8.4 E-8.5 E-9 E-9.1 E-9.2
Operating supplies (List) Signs-Road,Parks Gas & Vehicle
E-9.3 E-9.4
7220 7220 7220 7220
$15,267 $1,893
$3,000 $1,800
$10,000 $1,800
$10,000 $1,800
7230 7230 7230 7230
$32,798 $1,243 $6,475 $3,736 $17,572
$10,000 $1,750 $6,500 $8,000 $16,500
$10,000 $2,000 $8,000 $8,000 $22,000
$10,000 $2,000 $8,000 $8,000 $22,000
7400 7400 7400 7400
$97,199
$100,000
$110,000
$110,000
7450 7450 7450 7450
$8,204 $2,776 $44,234 $6,879
$5,500 $0 $6,211 $6,000
$10,000 $10,000 $5,000 $10,000
$10,000 $10,000 $5,000 $10,000
$264,757
$188,610
$226,800
$237,100
E-9.5 E-10 E-10.1 E-10.2 E-10.3 E-10.4
Program Services (List) Road Repair/Maintenance Weed Control Landscaping Maintain Culverts/Drainage
E-10.5 E-11 E-11.1
see additional details
Contractual Arrangements (List) Snow Removal Maintenance
E-11.2 E-11.3 E-11.4 E-11.5 E-12 E-12.1 E-12.2 E-12.3 E-12.4
Other operations (Specify) Maintenance Parcel O & M Maintenance Lot Project Grainte Loop Drainage Project Road Right-Of-Way Maintenance
E-12.5 E-13
TOTAL OPERATIONS
Final Budget Teton Village Service & Improvement District
FYE
6/30/2022
INDIRECT COSTS BUDGET
DOA Chart of Accounts E-14 E-14.1 E-14.2 E-14.3 E-14.4 E-14.5
Insurance Liability Buildings and vehicles Equipment Other (Specify) Surety Bonds
E-14.6
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
7502 7503 7504
$500 $512
$500 $550
$500 $600
$500 $600
7505 7505
$450
$500
$500
$500
$1,462
$1,550
$1,600
$1,600
E-14.7 E-15 E-15.1 E-15.2 E-15.3 E-15.4 E-15.5 E-15.6
Indirect payroll costs: FICA (Social Security) taxes Workers Compensation Unemployment Taxes Retirement Health Insurance Other (Specify)
7511 7512 7513 7514 7515 7516 7516
E-15.7 E-15.8 E-15.9 E-17
TOTAL INDIRECT COSTS
DEBT SERVICE BUDGET
DOA Chart of Accounts D-1 D-1.1 D-1.2 D-1.3 D-2
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
Debt Service Principal Interest Fees TOTAL DEBT SERVICE
6401 6410 6420 $0
$0
$0
$0
Final Budget Teton Village Service & Improvement District NAME OF DISTRICT/BOARD
FYE
6/30/2022
GENERAL FUNDS
C-1 C-1.1 C-1.2 C-1.3 C-1.4
Balances at Beginning of Fiscal Year General Fund Checking Accountand Balance Savings Investments Account General FundBalance CD Balance All Other Funds
Reserves (From Below)
C-1.5 C-1.6 C-2 C-2.1 C-2.2 C-2.3 C-2.4
DOA Chart of Accounts 1010 1040 1050 1020
Total Estimated Cash and Investments on Hand General Fund Reductions: a. Unpaid bills at FYE b. Reserves Total Deductions (a+b) Estimated Non-Restricted Funds Available
2010
End of Year
Beginning
Beginning
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
$25,562 $702,327 $16,284
Final Approval
$3,065 $395,586 $264,344
$3,065 $395,586 $264,344
$590,604 $1,334,777
$25,562 $702,327 $16,284 $0 $590,604 $1,334,777
$845,866 $1,508,861
$1,118,239 $1,781,234
$11,437 $590,604 $602,041 $732,736
$20,512 $845,866 $866,378 $468,399
$20,512 $845,866 $866,378 $642,483
$20,512 $1,118,239 $1,138,751 $642,483
DOA Chart of Accounts SINKING & DEBT SERVICE FUNDS
1070 2019-2020 Actual
C-3 C-3.1 C-3.2 C-3.3 C-3.4 C-3.5 C-3.6 C-3.7 C-3.8 C-3.9 C-3.10 C-3.11 C-3.12
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: Amount to be added to the reserve Date of Reserve Approval in Minutes: SUB-TOTAL Identify the amount and project to be spent a. b. c. Date of Reserve Approval in Minutes: TOTAL CAPITAL OUTLAY (a+b+c) Balance to be retained
RESERVES
C-4.2 C-4.3 C-4.4 C-4.5 C-4.6 C-4.7 C-4.8 C-4.9 C-4.10 C-4.11 C-4.12
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: 20-May Amount to be added to the reserve Date of Reserve Approval in Minutes: 15-Jul SUB-TOTAL Identify the amount and project to be spent a. b. c. Date of Reserve Approval in Minutes: TOTAL OTHER RESERVE OUTLAY (a+b+c) Balance to be retained
BOND FUNDS
C-5.8 C-5.9
TOTAL TO BE SPENT
C-5.3 C-5.4 C-5.5 C-5.6 C-5.7
$0
$0
$0
$0 $0
$0 $0
$0 $0
$0 $0
2019-2020 Actual $501,284
2020-2021 Estimated $590,604
2021-2022 Final Approval Proposed $845,866 $845,866
$89,320
$255,262
$272,373
$590,604
$845,866
$845,866
$1,118,239
$0 $590,604
$0 $845,866
$0 $845,866
$0 $1,118,239
2019-2020 Actual Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: Amount to be added to the reserve Date of Reserve Approval in Minutes: SUB-TOTAL Identify the amount and project to be spent Date of Reserve Approval in Minutes: Balance to be retained
C-5.2
$0
1060
C-5 C-5.1
2021-2022 Final Approval Proposed $0
1090
C-4 C-4.1
2020-2021 Estimated $0
2020-2021 Estimated $0
2021-2022 Final Approval Proposed $0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0