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OVERVIEW

OVERVIEW. Fund Types. GOVERNMENTAL General Fund Special Revenue Funds Capital Project Funds PROPRIETARY Enterprise Funds Internal Service Funds. Governmental. GENERAL FUND SPECIAL REVENUE FUNDS CDBG Fund Police Education Police Automation Disaster Reserve Recycling Revenue

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OVERVIEW

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  1. OVERVIEW

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

  3. Governmental • GENERAL FUND • SPECIAL REVENUE FUNDS • CDBG Fund • 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

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

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

  6. MAJOR CHANGES • Moved Building Division to separate Enterprise Fund • Reduction in staff • Transferred Stormwater field operations and customer service to Public Works • Transferred all inspectors to Community Development • No ad valorem tax dollars to Capital Projects Fund • Fund Balance not used to balance FY2010-11 Budget

  7. MILLAGE RATE

  8. MILLAGE RATE HISTORY

  9. Current Rate 3.50 • Proposed Budget Rate 3.50 • Policy Maximum Rate 3.68 • Rollback Rate 4.18 • Majority Vote Rate 4.90 2011 MILLAGE RATE OPTIONS

  10. STAFFING

  11. GENERAL FUND

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

  13. Impact onExisting Taxpayers • 2007-08 - $1,430,107 • 2008-09 - $3,423,342 • 2009-10 - $ 122,686 • 2010-11 - $2,969,115 • 4-Year Decrease - $7,945,250

  14. ENTERPRISE FUNDS

  15. Fleet Management Fund - 1 of 2

  16. Fleet Management Fund - 2 of 2

  17. CAPITAL FUNDS

  18. Park Impact Fee Fund

  19. Fire Impact Fee Fund

  20. Transportation Impact Fee Fund

  21. OKR Special Assessment Fund

  22. Streets Improvement Fund

  23. Capital Projects Fund 1 of 2

  24. Capital Projects Fund 2 of 2

  25. SR100 CRA Fund

  26. Utility Capital Projects Fund 1 of 2

  27. Utility Capital Projects Fund 2of 2

  28. STORMWATER UTILITY CAPITAL PROJECTS FUND

  29. SUMMARY

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

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

  32. THANK YOU

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