November 30, 2018
To the Honorable Board of Aldermen and
Citizens of Dardenne Prairie, Missouri
In compliance with Section 67.010.1 of the Revised Statutes of Missouri and Section 130.020 of the Dardenne Prairie Municipal Code, I am pleased to present the 2019 Operating Budget for the City of Dardenne Prairie which will come before the Board of Aldermen for approval on December 5, 2018. This budget comprises estimates for revenue and expenditures necessary to operate city government, fund parks and recreation activities, invest in capital improvements, service public debt and maintain a sound unrestricted reserve.
We estimate that as of January 1, 2019, the City will have total reserves of $5.375 Million, of which $4.219 Million will be in the General Fund, $157,501 will be in the Special Revenue Fund, $27,349 will be in the Capital Improvements Sales Tax Fund, and $530,797 will be in the Parks & Storm Water Fund.
The Board of Aldermen adopted a formal policy in 2018 to guide the prudent investment of the City’s substantial cash reserves. We will place a substantial portion of the general fund reserve in certificates of deposit and US Treasury instruments to earn much more interest than we accrued in bank accounts in the past.
Projected Revenues in 2019 from all sources are expected to total $4,679,590. Expenses for all activities, including $650,000 in street maintenance and repairs under the County Road Maintenance Contract are estimated to be $3,534,273 which leaves a surplus of $1,145,317 available for capital improvement projects. We have identified $1,193,450 worth of additional Capital Improvements for 2019 for which we will draw $48,133 from the General Fund Reserve.
The major sources of revenue for the City include: General Sales Tax (1%) of about $1.2 million; Capital Improvement Sales Tax (0.5%) of about $600,000; Motor Fuel Tax of about $461,000; Property Tax (10.54 cents per $100 of assessed valuation) of about $309,000; Road & Bridge Tax of about $275,000; Municipal Court Fines of about $190,000; the new Parks & Storm Water Sales Tax (0.05%) of about $600,000. Details are included in the attached budget.
The major expenditures, excluding capital improvements include: Debt Service of about $805,000 (principal & interest on Certificates of Participation; partial rebate of general sales taxes to the Dardenne Towne Center Transportation Development District; and Bryan Road Neighborhood Improvement District); personnel costs of about $806,000; Police Department Contract of $335,298; Road maintenance contract with St. Charles County of about $650,000. Details are included in the attached budget.
We plan to invest about $1,651,000 in capital improvement projects in 2019, to include $458,000 in the Road Maintenance Contract to replace concrete slabs in several subdivisions. In addition, we plan to continue the 10-year program of street maintenance and sidewalk replacements to comply with the Americans with Disabilities Act. We are also continuing the engineering work and right of way acquisition for the Hanley Road Improvement Project. With funds provided by St. Charles County we will engage an engineering firm to study the design and construction of a highway interchange on Route 364 at Technology Drive in Dardenne Prairie. Finally, we will address two chronic problems at the Barathaven Lake and trail which require changes to the way water drains from the lake to Dardenne Creek.
The City’s recreation program will continue to expand in 2019. We will complete the Parks and Recreation Master Plan begun in 2018. We also expect to design and construct improvements to the Baseball fields next to City Hall, including an upgrade to the gravel parking lot. We will continue to engage the public in developing plans for additional parks and recreation facilities in furtherance of Proposition P, passed by the voters in November 2017.
The City is striving to save money where possible while still delivering services to the public and prudently investing in the maintenance of the public infrastructure.
ss// David C. Zucker
DAVID C. ZUCKER
2019 Budget for the City of Dardenne Prairie, MO