Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance $ 43,667,675 $ 36,085,059 $ 27,940,659 $ 19,437,324 $ 10,641,714 $ 1,536,095 $ (7,898,578) Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance $ 36,085,059 $ 27,940,659 $ 19,437,324 $ 10,641,714 $ 1,536,095 $ (7,898,578) $ (17,682,763) Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance $ (7,582,616) $ (8,144,400) $ (8,503,336) $ (8,795,609) $ (9,105,619) $ (9,434,673) $ (9,784,185) Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Revenue 8,375,185 8,932,443 10,231,314 10,378,412 10,529,859 10,685,845 10,846,572 11,012,256 Contributed Capital - - - - - - - - Federal Grants - - - - - - - - Grants From Others - - - - - - - - Sewer Revenues 4,521,450 5,000,226 5,505,249 5,585,228 5,667,548 5,752,312 5,839,631 5,929,620 Water Revenues 3,740,723 3,794,924 4,633,815 4,701,083 4,770,320 4,841,613 4,915,054 4,990,742 Interest 30,157 49,000 4,000 3,942 3,885 3,831 3,777 3,726 Miscellaneous Revenues 82,856 88,293 88,250 88,159 88,106 88,089 88,110 88,168 Other Financing Source - - - - - - - - State Grants - - - - - - - - Expenditure (14,606,263) (14,938,059) (15,854,714) (16,324,123) (16,730,147) (17,157,327) (17,607,123) (18,081,110) Personal Services (3,854,785) (3,917,642) (4,662,650) (4,982,269) (5,234,442) (5,503,544) (5,790,856) (6,097,769) Contractual Services (3,034,086) (3,066,258) (3,320,945) (3,369,191) (3,418,848) (3,469,981) (3,522,654) (3,576,939) Commodities (664,485) (828,327) (1,140,140) (1,156,704) (1,173,752) (1,191,307) (1,209,391) (1,228,028) Contra Expense - - - - - - - - Capital Expenditure (979,000) (979,000) (504,000) (511,322) (518,858) (526,618) (534,612) (542,851) Non-Cash Expense (6,073,907) (6,146,832) (6,226,979) (6,304,638) (6,384,246) (6,465,877) (6,549,609) (6,635,524) Debt Service - - - - - - - - Transfer In - - - - - - - - Transfer From Other Funds - - - - - - - - Governmental Funds - - - - - - - - Transfer Out (1,577,000) (1,577,000) (2,521,000) (2,557,625) (2,595,321) (2,634,137) (2,674,122) (2,715,331) Transfer To Other Funds - - - - - - - - Trnsf To Other Funds (1,577,000) (1,577,000) (2,521,000) (2,557,625) (2,595,321) (2,634,137) (2,674,122) (2,715,331) Scenario - Decision Point - - Funded Position - - Grand Total (7,808,078) (7,582,616) (8,144,400) (8,503,336) (8,795,609) (9,105,619) (9,434,673) (9,784,185) CITY OF BRANSON MISSOURI WATER & SEWER FUND (620) FUND SUMMARY AND BALANCE Year-Ending Balance Adjusted for Scenarios below (does not include reserves) Ending reserve balance at the end of the fiscal year Beginning reserve balance at the start of the fiscal year 301
Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance $ 665,754 $ 689,567 $ 713,380 $ 713,380 $ 713,380 $ 713,380 $ 713,380 Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance $ 689,567 $ 713,380 $ 713,380 $ 713,380 $ 713,380 $ 713,380 $ 713,380 Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance $ 23,813 $ 23,813 $ 0 $ (0) $ 0 $ (0) $ - Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Revenue 3,736,949 3,736,949 3,736,949 3,736,353 3,735,775 3,735,213 3,734,667 3,734,135 Convention Center 3,371,949 3,371,949 3,371,949 3,371,949 3,371,949 3,371,949 3,371,949 3,371,949 Grants From Others - - - - - - - - Miscellaneous Revenues 365,000 365,000 365,000 364,404 363,826 363,264 362,718 362,186 Expenditure (4,213,136) (4,213,136) (4,213,136) (4,274,344) (4,337,342) (4,402,212) (4,469,036) (4,537,905) Contractual Services (2,779,540) (2,779,540) (2,779,540) (2,819,921) (2,861,483) (2,904,279) (2,948,366) (2,993,800) Commodities (1,433,596) (1,433,596) (1,433,596) (1,454,423) (1,475,859) (1,497,933) (1,520,671) (1,544,105) Transfer In 976,187 500,000 500,000 537,990 601,567 666,999 734,370 803,770 Transfer From Other Funds 976,187 500,000 500,000 537,990 601,567 666,999 734,370 803,770 Transfer Out - - - - - - - - Transfer To Other Funds - - - - - - - - Grand Total 500,000 23,813 23,813 0 (0) 0 (0) - CITY OF BRANSON MISSOURI CONVENTION CENTER (120) FUND SUMMARY AND BALANCE Year-Ending Balance Adjusted for Scenarios below (does not include reserves) Ending reserve balance at the end of the fiscal year Beginning reserve balance at the start of the fiscal year 302
Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance $ - $ - $ - $ (8,704,230) $ (8,867,984) $ (9,019,014) $ (9,203,933) Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance $ - $ - $ (8,704,230) $ (8,867,984) $ (9,019,014) $ (9,203,933) $ (9,438,618) Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance $ - $ - $ (8,704,230) $ (163,754) $ (151,030) $ (184,919) $ (234,685) Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Revenue - - - - - - - - Miscellaneous Revenues - - - - - - - - Other Financing Source - - - - - - - - State Grants - - - - - - - - Expenditure (2,603,927) (5,230,800) (10,083,915) (14,288,145) (5,747,669) (5,734,945) (5,768,834) (5,818,600) Contractual Services - - - - - - - - Capital Expenditure - - (1,675,500) (10,359,841) (1,724,895) (1,750,693) (1,777,268) (1,804,656) Major Capital Expenditure (2,603,927) (2,500,000) (5,869,000) (1,388,889) (1,483,359) (1,444,838) (1,452,151) (1,474,529) Transfer To Other Funds - (2,730,800) (2,539,415) (2,539,415) (2,539,415) (2,539,415) (2,539,415) (2,539,415) Transfer In 2,603,927 5,230,800 10,083,915 5,583,915 5,583,915 5,583,915 5,583,915 5,583,915 Transfer From Other Funds 2,603,927 5,230,800 10,083,915 5,583,915 5,583,915 5,583,915 5,583,915 5,583,915 Grand Total - - - (8,704,230) (163,754) (151,030) (184,919) (234,685) CITY OF BRANSON MISSOURI CAPITAL PROJECTS FUND (140) FUND SUMMARY AND BALANCE Year-Ending Balance Adjusted for Scenarios below (does not include reserves) Ending reserve balance at the end of the fiscal year Beginning reserve balance at the start of the fiscal year 303
Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance $ - $ (265,564) $ 177,274 $ 455,988 $ 565,777 $ 501,623 $ 258,285 Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance $ (265,564) $ 177,274 $ 455,988 $ 565,777 $ 501,623 $ 258,285 $ (169,718) Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance $ (265,564) $ 442,837 $ 278,715 $ 109,789 $ (64,154) $ (243,338) $ (428,003) Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Revenue 1,599,631 1,702,837 442,837 449,271 455,892 462,711 469,735 476,973 Grants From Others 1,260,000 1,260,000 - - - - - - Sewer Revenues 338,611 442,337 442,337 448,763 455,378 462,188 469,204 476,435 Water Revenues 1,020 500 500 507 515 522 530 539 Expenditure (4,493,000) (4,493,000) (11,740,000) (11,910,556) (12,086,104) (12,266,864) (12,453,072) (12,644,976) Contractual Services - - - - - - - - Commodities - - - - - - - - Major Capital Expenditure (4,493,000) (4,493,000) (11,740,000) (11,910,556) (12,086,104) (12,266,864) (12,453,072) (12,644,976) Transfer In 2,524,599 2,524,599 11,740,000 11,740,000 11,740,000 11,740,000 11,740,000 11,740,000 Transfer From Other Funds 2,524,599 2,524,599 11,740,000 11,740,000 11,740,000 11,740,000 11,740,000 11,740,000 Transfer Out - - - - - - - - Transfer To Water & Sewer - - - - - - - - Grand Total (368,770) (265,564) 442,837 278,715 109,789 (64,154) (243,338) (428,003) CITY OF BRANSON MISSOURI PROP CAPITAL PROJECTS (145) FUND SUMMARY AND BALANCE Year-Ending Balance Adjusted for Scenarios below (does not include reserves) Ending reserve balance at the end of the fiscal year Beginning reserve balance at the start of the fiscal year 304
Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance $ - $ - $ - $ (35,608) $ (107,865) $ (217,860) $ (366,731) Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance Ending Balance $ - $ - $ (35,608) $ (107,865) $ (217,860) $ (366,731) $ (555,666) Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance Adjusted YE Balance $ - $ - $ (35,608) $ (72,257) $ (109,995) $ (148,871) $ (188,935) Expenditure Type and Appropriation Unit Fiscal Year 2022: Budget Fiscal Year 2022: Estimate Fiscal Year 2023: Budget Model Year 2024 Model Year 2025 Model Year 2026 Model Year 2027 Model Year 2028 Revenue - - - - - - - - Federal Grants - - - - - - - - Grants From Others - - - - - - - - Miscellaneous Revenues - - - - - - - - Expenditure (1,527,000) (1,527,000) (2,451,000) (2,486,608) (2,523,257) (2,560,995) (2,599,871) (2,639,935) Commodities - - - - - - - - Major Capital Expenditure (1,527,000) (1,527,000) (2,451,000) (2,486,608) (2,523,257) (2,560,995) (2,599,871) (2,639,935) Transfer In 1,527,000 1,527,000 2,451,000 2,451,000 2,451,000 2,451,000 2,451,000 2,451,000 Transfer/Enterprise Fund 1,527,000 1,527,000 2,451,000 2,451,000 2,451,000 2,451,000 2,451,000 2,451,000 Transfer Out - - - - - - - - Transfer To Water & Sewer - - - - - - - - Grand Total - - - (35,608) (72,257) (109,995) (148,871) (188,935) CITY OF BRANSON MISSOURI WATER/SEWER SMALL CAPITAL (146) FUND SUMMARY AND BALANCE Year-Ending Balance Adjusted for Scenarios below (does not include reserves) Ending reserve balance at the end of the fiscal year Beginning reserve balance at the start of the fiscal year 305
S t r a t e g i c P l a n 306
MISSOURI * BransonMo.gov Strategic Plan "Where Values Are The Difference" Approved by Board of Aldermen January 9, 2018 Resolution No. 2018-ROOl
G l o s s a r y 320
Glossary & Acronyms Accrual – Any individual entry recording revenue or expense in the absence of a cash transaction. Appropriate – A legal authorization granted by the Board of Aldermen to incur obligations and make expenditures for designated purposes. Assessed Valuation – The valuation set upon real estate and certain personal property by the Assessor as a basis for levying property taxes. Audit – Auditing refers to a systematic independent examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Balanced Budget - A budget is balanced when current expenditures are equal to current receipts. Board of Aldermen (BOA) – The Mayor and six aldermen that collectively act as the legislative and policy-making body of the City. Bond – A written promise to pay a sum of money on a specific date(s) at a specific interest rate. The interest payments and the repayment of the principal are detailed in a bond ordinance. BPD – Branson police Department. Budget – An estimate of expected revenues and expenditures for a given period in the future. Budget Document – The compilation of the individual departmental spending plans for the various funds, along with supporting schedules, tables and graphs which, in total, comprise the annual revenue and expenditure plan. Budget Message – The opening section of the budget from the City Manager, which provides the City Council and the public with a general summary of the most important aspects of the budget. Capital Assets – Assets with a cost of $5,000 or greater and an estimated useful life of at least one year. Capital assets include land, building, improvements, equipment and infrastructure assets such as roads, bridges, storm sewers and similar items. Capital Expenditures – money spent by the city for acquisition or maintenance of fixed assets, such as land, buildings or equipment. 321
Capital Project Funds – Funds set up to account for resources used for the acquisition or construction of major capital assets by a governmental unit, except those projects financed by an enterprise fund or by a special assessment. CID – Community Improvement District. CIP – Capital Improvement Program. Debt Service Funds – Funds set up to account for the accumulation of resources and the payment of interest and principal on all general obligation debt, other than that serviced by enterprise funds or by special assessments in another fund. Department – An individual section within the city government having a specialized function or activity and a separate spending plan. Depreciation – An accounting method of allocating the cost of a tangible asset over its useful life. DNR – Department of Natural Resources. Enterprise Fund – A type of fund required by the Generally Accepted Accounting Principles (GAAP) to account for business-type activities similar to those found in the private sector. EPA – Environmental Protection Agency. Expenditures – Decreases in net financial resources that include current operating expenses which require the current or future use of net current assets, debt services and capital outlays. Financial Policy – A government’s policies with respect to revenues, spending and debt management as these relate to government services, programs and capital investment. A financial policy provides an agreedupon set of principles for the planning and programming of governmental budgets and their funding. Fiscal Year – A 12-month period to which the annual budget applies. The City of Branson has specified January 1 to December 31 as its fiscal year. Fixed Asset – Assets of long-term nature that are intended to continue to be held or used, such as land, buildings, machinery, furniture and other equipment. Full-Time Equivalents (FTE) – Employee positions, which are authorized in the adopted budget, to be filled during the year. One FTE is equivalent to a 40-hour per week position. 322
Fund – An accounting device established to control receipt and disbursement of income from sources set aside to support specific activities or attain certain objectives. Each fund is treated as a distinct fiscal entity with a self-balancing set of accounts. Fund Balance – The excess of a fund’s current assets over its current liabilities. A negative fund balance is often referred to as a deficit. GAAP – Generally Accepted Accounting Principles are a common set of accounting principles, standards and procedures that entities must follow in compiling financial statements. GASB – The Governmental Accounting Standards Board is the independent, private-sector organization that establishes accounting and financial reporting standards for U.S. state and local governments that follow GAAP. General Fund – A fund set up to account for the ordinary operations of a governmental unit that are financed from taxes and other general revenues. All transactions not accounted for in some other fund are accounted for in this fund. GFOA – Government Finance Officers Association. Governmental Funds – All funds are classified into one of five fund types: the general fund, special revenue funds, debt service funds, capital project funds and permanent funds. Grant – A contribution by a governmental or other organization to support a particular function. Typically, these contributions are made to local governments from state or federal governments. LAGERS – Local Government Employees Retirement System. Major Department – The major operating departments within the city, including: Administration, City Clerk/Municipal Court, Engineering & Public Works, Finance, Fire, Human Resources, Information Technology, Legal, Parks & Recreation, Planning & Development, and Utilities. Major Fund – according to the Governmental Accounting Standards Board, funds whose revenues, expenditures/expenses, assets, or liabilities (including extraordinary items) are at least 10 percent of corresponding totals for all governmental or enterprise 323
funds and at least 5 percent of the aggregate amount for all governmental and enterprise funds. MDFB – The Missouri Development Finance Board assists infrastructure and economic development projects in Missouri. Mission – A broad statement of the goals, in terms of meeting public service needs, that a department or organization is formed to meet. Modified Accrual Accounting – A basis of accounting which is a mixture of accrual accounting and cash basis accounting. Expenditures are recognized when the liability is incurred and revenues are recognized when they become available and measurable. MODOT – Missouri Department of Transportation. NFP: Non for Profit. Operating Budget – The financial plan adopted for a single fiscal year. The “proposed budget” designates the financial plan initially developed by departments and presented by the City Administrator to the Board of Alderman for approval. The “adopted budget” is the plan as modified and finally approved by the Board of Alderman. The adopted budget is authorized by ordinance and thus establishes the legal spending limits for the fiscal year. Organization Chart – A flowchart or picture representation of the employee positions within an organization. Performance Measures – Process of collecting, analyzing and/or reporting regarding the accomplishments toward a goal by a department. For more information see the Strategic Plan. Priority Based Budgeting – An improved budget system that identifies the primary annual objectives, then structures the budget to achieve these goals. PBB – Priority-Based Budgeting. Proprietary Funds – Accounts for services for which the city charges a fee, internally and externally. There are two types of proprietary funds, enterprise and internal service. Resources – Total dollars available for appropriation including estimated revenues, transfers and beginning fund balance. Revenues – All amounts of money received by a government from external sources other than expense refunds, capital contributions and residual equity transfers. 324
Special Revenue Funds – Funds set up to account for revenues from specific taxes or other earmarked sources that (by law) are designated to finance particular activities of government. Tax Increment Financing District (TIF) – A geographical area or district created under Missouri law to encourage development of the area within its boundaries by the reinvestment of half of the incremental tax growth generated by property value increases and new development within the district. Tax Levy – The resultant product when the tax rate per one hundred dollars is multiplied by the tax base. Transfers In/Out – Amounts transferred from one fund to another to assist in financing the services for the recipient fund. TCAD – Taney County Ambulance District TCHD – Taney County Health Department Transportation Development District (TDD) – A geographical area or district created under Missouri law to encourage development of the area within its boundaries by imposing a sales tax. User Fee – Fees charged for the use of services; user fees are charged only to the individual using the service. 325
End Notes i https://www.census.gov/quickfacts/fact/table/bransoncitymissouri/POP010220 ii https://www.census.gov/quickfacts/fact/dashboard/taneycountymissouri/PST045219 iii https://worldpopulationreview.com/us-counties/states/mo iv https://oa.mo.gov/budget-planning/demographic-information/population-projections/2000-2030- projections v https://meric.mo.gov/data/economic/local-area-unemployment-statistics/laus vi https://apps.dese.mo.gov/MCDS/home.aspx vii Finance Data and Statistics Summary for All Districts / Charters. https://apps.dese.mo.gov/MCDS/home.aspx ix https://www.branson.k12.mo.us/site/default.aspx?PageType=3&DomainID=4&ModuleInstance ID =24&ViewID=6446EE88-D30C-497E-93163F8874B3E108&RenderLoc=0&FlexDataID=798 6& Page ID=1 x https://apps.dese.mo.gov/MCDS/Reports/SSRS_Print.aspx?Reportid=f04838c4-c116-4ee1-b9b2- 8eb6c4cfab45 xi https://www.usnews.com/best-colleges/college-ozarks-2500/overall-rankings xiihttps://www.usnews.com/best-colleges/drury-university-2461/overall-rankings xiii https://www.coxhealth.com/our-hospitals-and-clinics/our-locations/cox-branson/ xiv https://travel.usnews.com/Branson_MO/ xv https://www.forbes.com/sites/petertaylor/2021/02/22/updated-top-ten-best-places-in-america-totravel-right-now-and-avoid-the-pandemic/?sh=49d44f7b6112 xvi 2021 Year-End Marketing Report. Branson Convention & Visitors Bureau. Presented to the Branson Board of Aldermen Meeting on March 22, 2022. https://cityofbranson.primegov.com/Portal/Meeting?meetingTemplateId=3171 xvii https://www.attractionsofamerica.com/thingstodo/amusement-parks.php xviii https://www.bransonshows.com/articles/WhatsNewinBranson.cfm 326
City of Branson, Missouri The City of Branson (population 12,638; with millions of visitors annually and growing) is located in southwest Missouri, 35 miles south of Springfield within the heart of the Ozark Hills. Branson serves as the job, service and shopping center for a two-county area with 80,000 year-round residents. Branson is surrounded by three prize winning fishing lakes - Lake Taneycomo, Table Rock Lake and Bull Shoals Lake. The city has an incorporated boundary of over 21 square miles. It has become the focus of international attention as both a major development area and an entertainment and tourism destination. The reasons are numerous and range from the scenic natural beauty to the variety of live entertainment options and family oriented entertainment offerings. www.bransonmo.gov 110 W. Maddux, Branson, MO 65616