FY 7/1/20-6/30/21
Final Budget Teton Village Improvement & Service District Budget Hearing Information
P.O. Box 413 / 7020 Rachel Way Teton Village, WY 83025 307-733-5457
Location: Teton Village District Office Date: 7/16/2020 Time: 6:00 PM
Teton 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 also maintains an increased contribution to the road resurfacing chip/seal reserve in anticipation of 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
TVISD has over $3 million in capital assets, which includes 4.3 miles of paved road and appurtenances and shared responsibility for .5 miles of pathway. 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 the total general fund as an emergency reserve. 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, Chairman 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 11/3/20 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
Yes
7020 Rachel Way Teton Village, WY 83025 307-733-5457 Mon - Thu 8:30 AM - 4:00 PM, Fri 8:30 AM - 12:00 PM
FINAL BUDGET SUMMARY 2018-2019 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
2019-2020 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 7/1/20-6/30/21
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
$258,591 $0 $84,738
$322,506 $0 $89,320
$309,800 $0 $0
$309,800 $0 $0
$1,167,647
$1,227,829
$1,236,437
$1,236,092
$347,543
$408,454
$429,009
$428,664
$0
$0
Additional Funding Needed :
S-6
2020-2021 Proposed
2018-2019 Actual
2019-2020 Estimated
2020-2021 Proposed
$0 $347,543 $0 $0 $0 $28,399 $0
$0 $408,454 $0 $0 $0 $27,670 $0
$375,942
$436,124 $462,003 $461,658 Teton Village Improvement & Service District
2018-2019 Actual $11,102 $0 $30,374 $215,665 $1,450 $0 $258,591 2018-2019 Actual
2019-2020 Estimated $0 $0 $29,528 $291,516 $1,462 $0 $322,506 2019-2020 Estimated
$0 2018-2019 Actual
$0 2019-2020 Estimated
$0 $429,009 $0 $0 $0 $32,994 $0
Final Approval
2020-2021 Proposed $1,500 $0 $40,750 $266,050 $1,500 $0 $309,800 2020-2021 Proposed
$0 $428,664 $0 $0 $0 $32,994 $0
Final Approval
$1,500 $0 $40,750 $266,050 $1,500 $0 $309,800 Final Approval
$0 2020-2021 Proposed
$0 Final Approval
$791,705
$791,705
$774,434
$774,434
$0 $275,089 $0 $275,089
$0 $359,827 $0 $359,827
$0 $449,147 $0 $449,147
$0 $449,147 $0 $449,147
$0 $84,738 $0 $84,738
$0 $89,320 $0 $89,320
$0 $0 $0 $0
$0 $0 $0 $0
$359,827 $0 $359,827
$449,147 $0 $449,147
$449,147 $0 $449,147
$449,147 $0 $449,147
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: P.O. 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 Improvement & Service District NAME OF DISTRICT/BOARD
FYE
6/30/2021
PROPERTY TAXES AND ASSESSMENTS 2018-2019 Actual R-1 R-1.1 R-1.2
Property Taxes and Assessments Received Tax Levy (From the County Treasurer) Other County Support
$347,543
2019-2020 Estimated $408,454
2020-2021 Proposed $429,009
Final Approval $428,664
FORECASTED REVENUE 2018-2019 Actual 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
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$11,307 $750 $16,342 $28,399 $28,399
$10,000 $100 $17,570 $27,670 $27,670
$6,000 $0 $26,994 $32,994 $32,994
$6,000 $26,994 $32,994 $32,994
$0
$0
$0
$0
Other Forecasted Revenue a. Other past due-as estimated by Co. Treas. b. Other forecasted revenue (specify):
R-6.3 R-6.4 R-6.5 R-6.6
Total Other Forecasted Revenue (a+b)
Final Budget Teton Village Improvement & Service District NAME OF DISTRICT/BOARD
FYE
6/30/2021
CAPITAL OUTLAY BUDGET 2018-2019 Actual E-1
2019-2020 Estimated
2020-2021 Proposed
Final Approval
Capital Outlay Real Property Vehicles Office Equipment Other (Specify) Maintenance Bay
E-1.1 E-1.2 E-1.3 E-1.4 E-1.5
$11,102
$0
$1,500
$1,500
$11,102
$0
$1,500
$1,500
E-1.6 E-1.7 E-1.8
TOTAL CAPITAL OUTLAY
ADMINISTRATION BUDGET 2018-2019 Actual E-2 E-2.1 E-2.2 E-2.3 E-2.4
Personnel Services Administrator Secretary Clerical Other (Specify)
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$8,099
$6,000
$8,000
$8,000
$1,630 $2,746
$1,838 $3,195
$6,000 $3,500
$6,000 $3,500
$12,289
$11,000
$13,000
$13,000
$384 $0
$1,026 $1,244
$1,600 $2,000
$1,600 $2,000
$386 $3,000 $1,840 $30,374
$35 $3,000 $2,190 $29,528
$500 $3,000 $3,150 $40,750
$500 $3,000 $3,150 $40,750
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)
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
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 see additional details
TOTAL ADMINISTRATION
Final Budget Teton Village Improvement & Service District
FYE
6/30/2021
OPERATIONS BUDGET 2018-2019 Actual 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) Contract Labor Public Works Dir - Hrly & Benefits
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$1,984 $23,985
$3,500 $26,000
$3,500 $28,000
$3,500 $28,000
Operating supplies (List) Street Signs, Supplies Gas & Vehicle
$4,781 $1,800
$15,267 $1,800
$10,000 $1,800
$10,000 $1,800
Program Services (List) Road Repair & Maintenance Weed Control Landscaping
$43,326 $0 $17,566
$65,000 $1,750 $10,000
$55,000 $1,750 $10,000
$55,000 $1,750 $10,000
$13,116
$29,000
$30,000
$30,000
$103,564
$97,199
$101,000
$101,000
$5,543 $0 $0
$12,000 $5,000 $25,000
$15,000 $10,000 $0
$15,000 $10,000
$215,665
$291,516
$266,050
$266,050
E-7.6 E-8 E-8.1 E-8.2
Travel Mileage Other (Specify)
E-8.3 E-8.4 E-8.5 E-9 E-9.1 E-9.2 E-9.3 E-9.4 E-9.5 E-10 E-10.1 E-10.2 E-10.3 E-10.4 E-10.5 E-11 E-11.1
see additional details
Contractual Arrangements (List) Snow Removal
E-11.2 E-11.3 E-11.4 E-11.5 E-12 E-12.1 E-12.2 E-12.3
Other operations (Specify) O & M Costs: Maintenance Parcel Maintenance Lot Project Granite Loop Drainage
E-12.4 E-12.5 E-13
TOTAL OPERATIONS
Final Budget Teton Village Improvement & Service District
FYE
6/30/2021
INDIRECT COSTS BUDGET 2018-2019 Actual E-14
2019-2020 Estimated
2020-2021 Proposed
Final Approval
Insurance Liability Buildings and vehicles Equipment Other (Specify) Surety Bonds
E-14.1 E-14.2 E-14.3 E-14.4 E-14.5
$500 $500
$500 $512
$500 $500
$500 $500
$450
$450
$500
$500
$1,450
$1,462
$1,500
$1,500
E-14.6 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)
E-15.7 E-15.8 E-15.9 E-17
TOTAL INDIRECT COSTS
DEBT SERVICE BUDGET 2018-2019 Actual D-1 D-1.1 D-1.2 D-1.3 D-2
2019-2020 Estimated
2020-2021 Proposed
Final Approval
Debt Service Principal Interest Fees TOTAL DEBT SERVICE
$0
$0
$0
$0
Final Budget Teton Village Improvement & Service District NAME OF DISTRICT/BOARD
FYE
6/30/2021
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 Account Balance Savings and Investments Account Balance General Fund 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
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
End of Year
Beginning
Beginning
2018-2019 Actual $534,236 $11,469 $246,000
2020-2021 Final Approval Proposed $259,236 $259,236 $16,283 $16,283 $498,915 $498,915
$359,827 $1,151,532
2019-2020 Estimated $534,236 $11,469 $246,000 $0 $359,827 $1,151,532
$359,827 $359,827 $791,705
$25,000 $449,147 $474,147 $677,385
$449,147 $1,223,581
$449,147 $1,223,581
$25,000 $449,147 $474,147 $749,434
$25,000 $449,147 $474,147 $749,434
SINKING & DEBT SERVICE FUNDS 2018-2019 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
2019-2020 Estimated $0
2020-2021 Final Approval Proposed $0
$0
$0
$0
$0
$0 $0
$0 $0
$0 $0
$0 $0
2018-2019 Actual $275,089
2019-2020 Estimated $359,827
$84,738
$89,320
$359,827
$449,147
$449,147
$449,147
$0 $359,827
$0 $449,147
$0 $449,147
$0 $449,147
RESERVES
C-4 C-4.1 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: May-19 Amount to be added to the reserve Date of Reserve Approval in Minutes: May-20 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
2020-2021 Final Approval Proposed $449,147 $449,147
BOND FUNDS 2018-2019 Actual
C-5
C-5.8
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-5.9
TOTAL TO BE SPENT
C-5.1 C-5.2 C-5.3 C-5.4 C-5.5 C-5.6 C-5.7
2019-2020 Estimated $0
2020-2021 Final Approval Proposed $0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Final Budget Teton Village Improvement & Service District NAME OF DISTRICT/BOARD
FYE
6/30/2021
ADDITIONAL DETAILS 2018-2019 Actual
Add to Section
Description
R-5.3 Miscellaneous R-5.3 Miscellaneous R-5.3 Miscellaneous R-5.3 Miscellaneous E-5.8 Other E-5.8 Other E-5.8 Other E-5.8 Other E-10.5 Program Services E-10.5 Program Services E-10.5 Program Services
Tva Reimbursement - Snow Removal Village Gardener Ground Lease Tvsfd Storage Bay Lease Other Income Bank Charges Web Site Development Election Fees & Notices Admin/Other Maintenance of Drainage Street Sweeping & Gravel Remvl Road Right-Of-Way Maintenance
2019-2020 Estimated
2020-2021 Proposed
Final Approval
DATA INPUT $10,404 $0 $0 $5,938 $0 $0 $84 $220 $1,536 $0 $2,557 $10,559 $0
$10,601 $3,969 $3,000 $0 $0 $0 $105 $147 $1,938 $0 $8,000 $11,000 $10,000
$11,025 $3,969 $12,000 $0 $0 $50 $500 $300 $2,300 $0 $8,000 $12,000 $10,000
$11,025 $3,969 $12,000 $0 $0 $50 $500 $300 $2,300 $0 $8,000 $12,000 $10,000