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Commission Workshop 3 Budget Presentation

Dive into the changes and analysis of FY 2018-2019 budget, estimated revenues and expenses, major expenditure shifts, and revenue alterations. Get insight into property taxes, personnel budget, expenditures by department, and more.

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Commission Workshop 3 Budget Presentation

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  1. Commission Workshop 3 Budget Presentation August 20, 2018

  2. Today’s Agenda • Review FY 2018-2019 General Fund Operating Budget • Changes from FY 2017-2018 to FY 2018-2019 Budget

  3. Summary of Changes Since Adopted FY 18 • Estimated FY19 Revenues increased by $7.9 M • Estimated FY19 Expenses increased by $11.9 M • The current estimated deficit for FY19 is $4 M

  4. History of Property Taxes

  5. FY 2019 Revenue Budget changes since 7/16 7/16/18 Presentation Current Budget Increase of $1,218,270

  6. FY 2019 Expense Budget changes since 7/16 7/16/18 Presentation Reductions of $(6,885,779) Current Budget

  7. FY 2019 Personnel Services Total Personnel budget increase over FY 2018 Adopted budget is $4,940,817 or 4.2%.

  8. FTE Changes for General Fund

  9. FTE Changes for all other Funds

  10. FY 2019 Expenditures by Department

  11. Major Changes in Revenue Property Taxes net increase of $ 2.7 Million Charges for Services total increase of $ 1.7 Million • $ 0.4 M CRA Administrative Fees • $ 1.2 M Garbage and Trash collections • $ 0.1 M Engineering Services Intergovernmental total increase of $ 2 Million $ 0.7 M Local Government ½ cent Sales Tax $ 0.4 M School District overtime reimbursement $ 0.8 M Utility Department P.I.L.O.T. $ 0.2 M 911 County call taker reimbursements

  12. Major Changes in Revenue Licenses and Permits increased $ 0.4 Million • $ 0.4 M from FPL Franchise Fees Other Taxes decreased ($ 0.9 Million) • ($ 0.8 M) decrease in Utility Taxes from Electricity • ($ 0.1 M) decrease in Certificate of Use Fee • ($ 0.1 M) decrease in Delinquent Tax Interest • $ 0.1 M increase in Utility Taxes from Water Carryforward of Fund Balance increased $ 1.8 Million

  13. Major Changes in Expenditures Personnel Services increased $ 4.9 Million • $ 2.1 M Salaries and wages 3% increases • $ 0.1 M Minimum wage and pay grade changes • ($ 0.6 M) Pay reductions for turnover • $ 2.5 M Police and Fire overtime • $ 0.4 M Police overtime for School District offset by revenue • $ 0.4 M Health Insurance • $ 0.2 M Workers Compensation

  14. Major Changes in Expenditures Materials and Services increased $ 3 Million • $ 1.6 M Contractual Services • $ 1.0 M Fleet Equipment Maintenance • $ 0.2 M Gas and Diesel Fuel • $ 0.2 M Facilities Repair and Maintenance Internal Service Charges increased $ 1.6 Million • $ 1.2 M Information Technology Services • $ 0.4 M General Liability Insurance

  15. Major Changes In Expenditures Capital Outlay decreased ($ 0.5 Million) • replacement equipment purchases were made in FY 2018 with proceeds from the sale of City Hall. Debt Service Charges increased $ 1.2 Million • increases for principal & interest on leased vehicles Transfers to Other Funds decreased ($ 1.3 Million) • ($ 0.1 M) decrease to Waterfront Programing Fund • ($ 0.6 M) decrease to Self Insurance Fund • ($ 0.5 M) decrease to Police & Fire Grant Funds Reserved for Contingency increased $ 3 Million

  16. Remaining Budget Process • 8/27/2018 at 5:00 p.m. – Commission Meeting Final Fire Assessment Rate Resolution & Chronic Nuisance Assessments • 9/13/2018 at 5:01 p.m. – First Public Hearing to Adopt the Tentative Budget and Millage Rate • 9/27/2018 at 5:01 p.m. – Final Public Hearing to Adopt the Proposed Budget and Millage Rate

  17. Next Steps…… • Review comprehensive fee schedule and fee alternatives for additional revenues • Questions?

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