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Schedule

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Schedule

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  1. Do you raileze that the mnid is an ainazmg tihng?  It msut be if you are rdaieng tihs.  Wlel, it’s tmie to put taht anaimzg mnid to wrok aaign.  We are in for atnoehr thgit bdeugt yaer and we are gniog to need all of yuor biran pwoer agian.  Eervhitng nedes to be lokeod at and euavletd and I am srue taht wkirnog tghetoer we can fnid a way to cnointue to pvoidre sicvrees wilhe mnntaiaig the lnie on csots.  Nticoe I did not say tehy wluod ncesarisly be the smae svrciees.  Hevwoer, I am srue taht a Ctiy wtih iotinnvave ppeloe wkirnog in it, lkie tseho taht wrok for Plam Csaot , can fnid wyas to pvdiore the nedeed scvries.  See, you wree albe to raed tihs so you do hvae one of tsohe anizamg mndis. 

  2. Schedule • Part I – Regulations and Terminology May 17, 2011 • Part II – Revenues June 7, 2011 • Part III – Fund Descriptions June 21, 2011 • Part IV – Prior Year Budget Reductions July 5, 2011 • Part V – General Fund Workshop July 12, 2011 • Part VI – General Fund, Capital Projects, Stormwater Workshop July 26, 2011 • Part VII – Set Proposed Millage Rate August 2, 2011 • Part VIII – Proprietary, Special Revenue, and Capital Project Funds August 9, 2011 • Part IX – Proposed Budget August 23, 2011

  3. OVERVIEW

  4. Fund Types • GOVERNMENTAL • General Fund • Special Revenue Funds • Capital Project Funds • PROPRIETARY • Enterprise Funds • Internal Service Funds

  5. Governmental • GENERAL FUND • SPECIAL REVENUE FUNDS • CDBG • Police Education • Police Automation • Disaster Reserve • Recycling Revenue • Streets Improvement • Park Impact Fee • Fire Impact Fee • Development Special Projects • Transportation Impact Fee • Neighborhood Stabilization • OKR Special Assessment • SR 100 Community Re-development • CAPITAL PROJECTS FUND

  6. Proprietary • ENTERPRISE FUNDS Utility Utility Capital Projects Stormwater Management Solid Waste Tennis Center Golf Course Information Technology & Communications Building Permits & Inspections • INTERNAL SERVICE FUNDS Fleet Management Health Insurance

  7. City Council Adopts • Millage Rate • Fund Appropriations • Estimated Revenues

  8. Budget Goals and Proposals • Shift revenue from Streets Improvement Fund to the Stormwater Fund • Diversify Stormwater funding • Reestablish millage rate for capital projects (Stormwater) • Lower millage rate from the proposed millage rate • Cut additional expenditures supported by property tax without major impact on services • No new taxes

  9. MILLAGE RATE

  10. Millage Rate History

  11. Impact onExisting Taxpayers • 2007-08 - $1,430,107 • 2008-09 - $3,423,342 • 2009-10 - $ 122,686 • 2010-11 - $2,969,115 • 2011-12 - $ 251,800 • 5-Year Decrease - $8,197,050

  12. 2012 MILLAGE RATE OPTIONS • Current Rate 3.5000 • Revenue Policy Operating Rate 3.9013 • Tentative Rate 3.9900 • Proposed TRIM Rate 4.0000 • Flat Property Tax Revenue Rate 4.0137 • Proposed Budget Rate 4.0552 • Rollback Rate 4.0552 • Majority Vote Rate 5.7636

  13. STAFFING

  14. GENERAL FUND

  15. Budget Comparison

  16. General FundBudget Comparisons • 2006-07 $33.2M • 2007-08 $31.8M • 2008-09 $32.2M • 2009-10 $30.6M • 2010-11 $26.5M • 2011-12 $25.8M

  17. ENTERPRISE FUNDS

  18. Fleet Management Fund - 1 of 2

  19. Fleet Management Fund - 2 of 2

  20. CAPITAL FUNDS

  21. Park Impact Fee Fund

  22. Fire Impact Fee Fund

  23. Transportation Impact Fee Fund

  24. OKR Special Assessment Fund

  25. Streets Improvement Fund1 of 2

  26. Streets Improvement Fund2 of 2

  27. Capital Projects Fund 1 of 2

  28. Capital Projects Fund 2 of 2

  29. SR100 CRA Fund

  30. Utility Capital Projects Fund 1 of 2

  31. Utility Capital Projects Fund 2of 2

  32. STORMWATER UTILITY CAPITAL PROJECTS FUND

  33. SUMMARY

  34. City of Palm Coast Budget (1 of 2)

  35. City of Palm Coast Budget (2 of 2)

  36. Budget Schedule • September 14 – First public hearing and adoption of the tentative 2012 millage rate and budget • September 27 – Final public hearing and adoption of the final 2012 millage rate and budget

  37. The great enemy of the truth is very often not the lie -- deliberate, contrived and dishonest, but the myth, persistent, persuasive, and unrealistic. Belief in myths allows the comfort of opinion without the discomfort of thought. John F. Kennedy

  38. THANK YOU

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