In the first quarter of 2019, accountants focus on identifying and reporting transactions that should be attributed to activities in 2018. In mid-September, the town's auditor, Cherry Bekaert, will be on site to test our work, and in October, staff will finalize the official results for FY 2018 in the CAFR. A sale of general obligations of $17 million, which closed in October, is reflected in both revenues and expenses in FY 2018.
Sales tax revenue is budgeted at $33.6 million in FY 2018 and represents 18 percent of total budgeted General Fund revenue. It should be noted that sales tax revenue in the fourth quarter is unaudited and does not include all collections related to FY 2018. Utility sales taxes are budgeted at $9.9 million in FY 2018 and represent 91 percent of intergovernmental revenues.
As noted above, utility sales tax revenues from the fourth quarter are unaudited and do not include all collections related to FY 2018. Water Treatment Plant costs in FY 2018 exceed FY 2017, primarily due to due to the timing of chemical purchases.
CAPITAL PROJECT SPENDING
Administrative costs are increasing for contracted water services and credit card fees for collecting utility bills. In addition, the City implemented new technology for web service applications during fiscal year 2018, which increased the cost of contracted services.
INTRODUCTION FINANCIAL HIGHLIGHTS
Q4 DELEGATED AUTHORITY FINANCIAL ACTIONS
CONTRACT APPROVALS
BUDGET ACTIONS
Topic areas included: greenways, preservation of open space and urban tree canopy, facility needs in West Cary, continued investment in fire pits, sidewalk installation and maintenance, and opposition to the recommendation to increase the annual vehicle permit fee. Often, staff can repurpose existing resources to ensure the organization is nimble and adaptable to the highest priorities and initiatives. The Council granted the City Manager the authority to approve cross-functional budget adjustments by reporting to the Council, who will monitor the action.
125,000 - Salary funds that will not be used due to vacancies supported the costs of consulting services and employee development in general fund operations departments. 130,000 - Funds generated from savings in electricity costs for street lighting were transferred to the City Office to support the City Branding Initiative and related costs. 57,041 - Realized funds from savings in electricity costs for road lighting, fuel and parts costs were transferred to the Information Office for the purchase of a video booth.
INTRODUCTION FINANCIAL HIGHLIGHTS Q4
FY 2018 MID-YEAR APPROPRIATIONS
ECONOMIC NEWS
CASH AND INVESTMENTS
The Town reports the market value of all investments at each fiscal year-end to reflect the impact on the financial results in the unlikely event that the Town had to sell all of its investments at fiscal year-end market prices. This recognition of year-end market value is referred to as a "mark-to-market" adjustment. The adjustment increases or decreases reported interest earnings depending on market interest rates on June 30.
In a rising interest rate environment, which the market is currently experiencing, when interest rates rise, the price of a fixed income security falls. The city's market adjustment for fiscal year 2018 will reduce interest income on the balance sheet by $4.5 million. While the City is required to report this adjustment on the financial statements, the City will not incur an actual loss of interest income because the City generally holds investments until maturity.
DEBT SUMMARY
LIVE FOSTERING STRONG NEIGHBORHOODS
FOSTERING STRONG NEIGHBORHOODS
NEW SINGLE-FAMILY PERMITS ISSUED
NEW MULTI-FAMILY PERMITS ISSUED
RESIDENTIAL ALTERATION AND
WORK ASSURING CONTINUED PROSPERITY
ASSURING CONTINUED PROSPERITY
WAKEMED SPRING HEALTH SCREENINGS
This allowed HR staff to focus on helping those employees with limited computer access/expertise and answering questions about benefit plans. The new platform also allowed staff to proactively spend time creating reports that track enrollment, validate submitted elections with individual employees, and reconcile data between our platform and benefits providers. Based on the success of the system and the efficiencies achieved, HR will explore the opportunity over the next few months to expand the platform to create a self-service experience for new hires and employees.
TOWN LAUNCHES NEW EMPLOYEE TRAINING ACADEMY
ENGAGE EXPERIENCING THE CARY COMMUNITY
EXPERIENCING THE CARY COMMUNITY
THE ADAPTIVE APPROACH TO STORMWATER
MAINTENANCE
MODELING
OPEN SPACE
ORDINANCE
DOWNTOWN WORKING GROUP
The tour utilized an innovative story map to help direct attention to and complement the tour information. Cary celebrated the 25th Spring Daze Arts & Crafts Festival at Bond Park on April 28, 2018. A larger than usual group of attendees enjoyed the more than 170 artists who participated in the festival.
In keeping with the importance of engaging youth in the arts, Bevin Neill, a senior at Cary High School, was selected as this year's featured artist.
PIMENTO CHEESE FESTIVAL
ENCHANTED MISTING GARDEN AT MARLA DORREL PARK
PRESERVING HISTORIC RESOURCES
BEYOND: THE FILM FESTIVAL TAKES OFF
40TH CARY ROAD RACE
CARY CONTINUES AS AN AMATEUR AND COLLEGIATE SPORTS DESTINATION
INTERNAL RAP SESSIONS
150TH ANNIVERSARY PLANNING
ADVISORY BOARD RECRUITMENT
SHAPE GUIDING COMMUNITY GROWTH
GUIDING COMMUNITY GROWTH
TOTAL INSPECTIONS
NEW NON-RESIDENTIAL PERMITS ISSUED
NON-RESIDENTIAL ALTERATION AND ADDITION PERMITS ISSUED
POPULATION ESTIMATE
HOUSE BILL 948 (BUILDING CODE REGULATORY REFORM)
EASTERN CARY GATEWAY
IKEA
FENTON
MOVE PROVIDING TRANSPORTATION CHOICES
PROVIDING TRANSPORTATION CHOICES
TRINITY ROAD STUDY
MCCRIMMON PARKWAY STUDY
GREEN LEVEL CHURCH ROAD STUDY UPDATE
PINEY PLAINS ROAD CORRIDOR STUDY
NCDOT US 64 CORRIDOR IMPROVEMENTS (U-5301)
Preliminary concepts include two interchange options each for both the Laura Duncan Road and Lake Pine Drive intersections, as well as superstreet and freeway alternatives for the remaining US 64 corridor. These draft concepts were presented to the public at the project's first public meeting on 21 June. A second public meeting will be held near the end of the planning process to allow citizens to review and comment on the preferred alternative.
According to the design of the project, the right-of-way is expected to begin in 2020, and construction is expected to begin in 2022.
BIKE MONTH
MORRISVILLE PARKWAY EXTENSION AND NC 540 INTERCHANGE
INSTALLATION OF RRFB AT AMERICAN TOBACCO TRAIL ON O’KELLY CHAPEL RD
CONNECTED VEHICLES PROJECT
This month, staff met with FHWA, NCDOT and CAMPO representatives to discuss programmatic concerns and process ideas to enable staff to move this project forward. Discussion topics include Connected Vehicle (CV) Design Plans, right-of-way certification requirements, CV product selection and many others. Participation by our partners has been excellent, and we are excited to see this project move forward.
The next steps for this project include meeting with NCDOT to determine how design plans will be processed and initiating the RFP process for product selection.
GREEN LEVEL WEST ROAD WIDENING
CARY PARKWAY AND HIGH HOUSE ROAD INTERSECTION IMPROVEMENTS
MORRISVILLE PARKWAY AT CARPENTER UPCHURCH ROAD INTERSECTION
IMPROVEMENTS
CARPENTER FIRE STATION ROAD GRADE SEPARATION WITH CSX
SIDEWALK IMPROVEMENTS
SW CARY PARKWAY JUST SOUTH OF HIGH HOUSE ROAD
THE FOLLOWING SIDEWALKS WERE GROUPED INTO ONE CONSTRUCTION PACKAGE TO ACHIEVE MORE COMPETITIVE
WALKER STREET FROM E. CHATHAM STREET TO WALDO STREET
EDERLEE DRIVE FROM REGENCY PARKWAY TO PENNY ROAD
TRYON ROAD FROM ASHVILLE AVENUE TO ASHVILLE AVENUE
NW MAYNARD ROAD FROM OLD APEX ROAD TO CASTALIA
FY 2019 WAKE TRANSIT WORK PLAN
DOWNTOWN MULTIMODAL TRANSIT FACILITY FEASIBILITY STUDY
BUS STOP INVENTORY
WESTERN WAKE COMPREHENSIVE OPERATIONAL ANALYSIS (COA)
I went to bring my trash can in when Sam drove his truck down my street. Sam kindly stopped his truck and helped me pull my trash can up my driveway.
CITIZENS IN APPRECIATION
MEETING COMMUNITY NEEDS CITIZENS IN APPRECIATION
FIRE RECRUITMENT
OPIOID RESPONSE PROJECT
BURIED ASSETS MANAGEMENT PLAN
Implementation of this plan has already begun, with projects such as stormwater GIS improvement, stormwater mains condition assessment and stormwater pipe cleaning, and televised inspection programs well underway. Looking beyond implementation for buried infrastructure, the plan's results are adaptable and scalable to other types of city infrastructure that also face asset management challenges. We are currently working on incorporating vertical infrastructure - such as buildings, roofs and HVAC - into our asset management planning.
This plan will be fundamental to helping us further optimize data-driven recommendations for long-term financing of our built infrastructure maintenance and capital improvement needs.
FIRE STATION 9 UPDATE
LEGISLATION ENACTED IN Q4
The amendment states, "A city may not condition the approval of any zoning, rezoning or permit application on the removal or reduction of" the reimbursement requirement. The Legislature also passed a bill requiring each county and municipality to establish a list of its ordinances punishable as misdemeanors, with a description of the conduct subject to such punishment. The city must compile this list by Dec. 1 and submit it to two joint legislative committees of the General Assembly.
MAJOR OPIOID INVESTIGATION
OPERATION MEDICINE DROP AND PILL TAKE BACK EVENT
One of the more successful locations during April's event was at Bond Park in conjunction with Spring Daze. Per As of June 27, a total of 1,170 pounds of pills have been collected, including 451 pounds from the Drop Box on the City Hall campus. We continue to collect unwanted pills daily in our pill drop box located at the police department on the City Hall campus.
A new project will advertise the dropbox location on local Harris Teeter Pharmacy bags, which we believe will increase awareness throughout our community.
POLICE DEPARTMENT HISPANIC OUTREACH
911 CONSOLIDATION
Findings in the report indicate that there were no technological barriers to the formation of the multi-agency PSAP. Our 911 center is convenient to meet expansion needs without an additional console position. The report indicated that four staff members will need to be added to the Cary PSAP to accommodate the call volume of the additional agencies.
A decision has been made to move forward with hiring a portion of these additional staff using our current approved superannuation positions in the Cary PSAP.
TILLER TRUCKS
NEW WATER TANKS
PRESSURE ZONE MODIFICATIONS
WATER RESOURCES SUPPLY REPORT
OPEN DATA POLICY
FIRE/IT – LAPTOP DEPLOYMENT PROJECT
SMART CITIES COUNCIL READINESS WORKSHOP
It uses the SCC framework to map out smart city initiatives in Cary's areas of responsibility - transportation, public health, etc. - and for technology and governance that enable the identification of intersections and opportunities between initiatives. It will create a mechanism to prioritize future initiatives by establishing a set of smart city project criteria against which initiatives are evaluated. Additional information about the grant and workshop can be found at https://smartcitiescouncil.com/readiness-cities-cary.
MOVING FROM VISION TO REALITY
MOVING AHEAD WITH BRANDING
SCHOOL OF GOVERNMENT GRADUATION
CARY’S PIT CREW ACTIVATED
STAFF REPORT NEXT STEPS
Construction on High Meadow Drive has been completed and the city is working to resolve conflicts with private utilities before moving forward with the remaining construction, which should be completed in fall 2019. Fiscal Year 2018 Sidewalk Priority List funding draft for all three projects (NW Maynard Rd., Tryon Rd ., and Ederlee Rd.) is underway. Improvement Project with CSX This project is on schedule and a notice to proceed was issued on June 18.
Cary-Apex Water Treatment Plant Expansion We have closed on the private property and are now preparing for a historic appraisal of the house. Bid award for the 2018 water main replacement project. Contracts have been executed and part A and part B of the project are in progress. NCDOT, I-40/Aviation Parkway Intersection Improvement The city entered into a municipal contract with NCDOT to fund the city's portion of sidewalk improvements to include brick pavers in the final plan.
FY 2018 Street Improvements Projects This project remains on schedule with an expected completion date of Spring 2019. Construction Bid Award This project is on schedule with a notice to proceed issued on April 2 and an expected completion of Fall 2018. NW Cary Parkway Bridge Rehabilitation Project This project remains on schedule with construction beginning in Spring 2018 and closures expected to remain in place until Fall 2018.
KEEPING CARY GREAT
