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Fiscal Year 2015 Budget Enterprise Funds City Council Presentation Tuesday, July 29 th 2014

Fiscal Year 2015 Budget Enterprise Funds City Council Presentation Tuesday, July 29 th 2014. Christopher M. Quinn , MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst. Budget Preparation Timeline. January First Quarter Review February

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Fiscal Year 2015 Budget Enterprise Funds City Council Presentation Tuesday, July 29 th 2014

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  1. Fiscal Year 2015 Budget Enterprise Funds City Council Presentation Tuesday, July 29th 2014 Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst

  2. Budget Preparation Timeline • January • First Quarter Review • February • Financial Audit • March • Presentation of Annual Progress Report and Citizen Survey Results • Revise 10 Year Infrastructure Plan • April • Presentation of the Year to Date Budget • Second Quarter Review • Budget Input Begins for Departments • May • Annual Update of the Strategic Action Plan • Fund Accounting Presentation • Long Term Financial Planning Presentation • June • Revenue Source Presentation • Property Tax Presentation

  3. Budget Preparation Timeline • July • General Fund Budget Workshop • Adopt Proposed Maximum Millage Rate • Proprietary Funds Budget Workshop • Third Quarter Review • August • Special Revenue & Capital Fund Budget Workshop • Final Proposed Budget Presentation • September • Public Hearing to Tentatively Adopt Millage Rate & Budget • Public Hearing to Adopt Final Millage Rate & Budget

  4. Enterprise Funds • Primarily supported by user fees • Enterprise Funds: • Solid Waste Fund • Golf Course Fund • Tennis Center Fund • Information Technology Fund • Building Permits Fund • Utility Fund • Stormwater Management Fund

  5. Solid Waste Fund

  6. Golf Course Fund

  7. Tennis Center Fund

  8. Tennis Center FundProjected Future FinancialPerformance (as presented to City Council on 7/9/2012) Note: Projections indicate PCTC will start to breakeven starting in 2018-2019

  9. Information Technology Fund

  10. Building Permits Fund

  11. Utility Fund

  12. Utility Fund Water Operations Summary

  13. Utility Capital Improvements Fund *Items in blue are partially funded by grant revenue

  14. Stormwater Fund

  15. Stormwater FundCapital

  16. Tentative Budget Schedule • August • 12th Budget Workshop – Special Revenue Funds & Capital Funds • 26th- Final Proposed Budget Presentation • September • 9th- (5:05pm) Public Hearing to tentatively adopt millage rate and budget • 23rd– (5:05pm) Final Public Hearing to adopt final millage and budget Please Note Date Changes

  17. Questions & Discussion

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