HomeMy WebLinkAbout09132010Hearing1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL
HOME OF PELICAN ISLAND
SEBASTIAN SPECIAL CITY COUNCIL MEETING
BUDGET HEARING
AGENDA
MONDAY, SEPTEMBER 13, 2010 5:30 P.M.
CITY COUNCIL CHAMBERS
1225 MAIN STREET, SEBASTIAN, FLORIDA
10.039 4. 1 PUBLIC HEARING AND ADOPTION OF PROPOSED MILLAGE AND TENTATIVE
FY 2010/2011 BUDGET
A. City Manager Announcement of Proposed Millage Rate of 3.3456 Mills Which is
14.26% Lower Than Rolled -Back Rate of 3.9019 Mills and Budget Overview
B. Mayor Opens Hearing for Public Comment on Proposed Millage and Tentative
Budget
3 -6 C. Adopt Resolution No. R -10 -28 Proposed Millage Rate for Calendar
Year 2010 Final Public Hearing and Final Adoption Scheduled for 9/22/10
(Finance Transmittal, R- 10 -28)
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ADOPTING A
PROPOSED MILLAGE RATE OF 3.3456 MILLS FOR THE CALENDAR YEAR 2010; PROVIDING FOR
CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
7 -15 D. Adopt Resolution No. R -10 -29 Fiscal Year 2010/2011 Tentative Budget
(Finance Transmittal, R- 10 -29)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA
ADOPTING THE TENTATIVE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2010 AND
ENDING SEPTEMBER 30, 2011; MAKING APPROPRIATIONS FOR THE PAYMENT OF OPERATING
EXPENSES, CAPTIAL EXPENSES, AND FOR THE PRINCIPAL AND INTEREST PAYMENTS ON THE BOND
AND OTHER INDEBTEDNESS OF THE CITY IN THE CITY'S GENERAL FUND, SPECIAL REVENUE FUNDS,
DEBT SERVICE FUND, CAPITAL IMPROVEMENT FUNDS, GOLF COURSE FUND, AIRPORT FUND, AND
BUILDING DEPARTMENT FUND AS PROVIDED FOR IN SCHEDULE "A ATTACHED HERETO,
ESTABLISHING AUTHORITY OF THE CITY MANAGER TO IMPLEMENT THE BUDGET; PROVIDING FOR
SEVERABILITY; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
E. Announce Final Public Hearing on Millage and Budget will be held on
Wednesday, September 22, 2010 at 6:30 pm
5. ADJOURN
HEARING ASSISTANCE HEADPHONES ARE AVAILABLE IN THE COUNCIL CHAMBERS FOR ALL GOVERNMENT MEETINGS.
All City Council Meetings are Aired Live on Comcast Channel 25.
ANY PERSON WHO DECIDES TO APPEAL ANY DECISION MADE WITH RESPECT TO ANY MATTER CONSIDERED AT THIS
MEETING WILL NEED A RECORD OF THE PROCEEDINGS AND MAY NEED TO ENSURE THAT A VERBATIM RECORD OF
THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENSE UPON WHICH THE APPEAL
IS TO BE HEARS. (F. S.286.0105)
IN COMPLIANCE WITH THE AMERICAN WITH DISABILITIES ACT (ADA), ANYONE WHO NEEDS A SPECIAL
ACCOMODATION FOR THIS MEETING SHOULD CONTACT THE CITY'S ADA COORDINATOR AT 589 -5330 AT LEAST 48
HOURS IN ADVANCE OF THIS MEETING.
HOME OF PELICAN
ISLAND
City of Sebastian, Florida
Subject: Resolution No. R -10 -28
Adoption of Proposed Millage Rate of 3.3456
for Calendar Year 2010.
Approv d f Submittal by:
City Manager
EXPENDITURE
REQUIRED: N/A
AMOUNT BUDGETED:
N/A
Agenda No. 10.6 3 q
Department Origin:
Administrative Services it://14d-22---k
a4"-
Reviewed By:
City Attorney:
City Clerk:
Date Submitted: September 7, 2010
For Agenda of: September 13, 2010
Exhibits:
Resolution No. R -10 -28
APPROPRIATION
REQUIRED: N/A
In accordance with Florida Statute 200.065 (7)(a.)(1.), City Council is required to tentatively adopt a
millage tax rate for calendar year 2010 and for the budget year beginning October 1, 2010 and ending
September 30, 2011 at the first public hearing in which the budget is presented.
The proposed millage tax rate of THREE POINT THREE FOUR FIVE SIX (3.3456) MILLS is 14.26%
lower than the "rolled- back" tax rate of 3.9019 mills and will provide sufficient operating revenue to cover
expenditures proposed for the Fiscal Year 2010/2011 budget.
Move to adopt Resolution R- 10 -28.
SUMMARY
RECOMMENDED ACTION
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER
COUNTY, FLORIDA, ADOPTING A PROPOSED MILLAGE RATE
OF 3.3456 MILLS FOR THE CALENDAR YEAR 2010; PROVIDING
FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, that:
Section 1. MILLAGE RATE LEVY. There is hereby proposed to levy an Ad
Valorem Tax of THREE POINT THREE FOUR FIVE SIX (3.3456) MILLS against all real and
tangible personal property for the calendar year (January 1, 2010 through December 31, 2010)
and the resulting tax revenue is to be appropriated for the General Operating Fund of the City of
Sebastian for the fiscal year beginning October, 1, 2010 and ending September 30, 2011.
Section 2. ROLLED BACK RATE. The tax rate established in Section 1. is
14.26% lower than the computed "rolled- back" tax rate of 3.9019 mills.
Section 3. CONFLICT. All resolutions or parts of resolutions in conflict herewith
are hereby repealed.
Section 4.
its adoption.
RESOLUTION NO. R 10 28
EFFECTIVE DATE. This resolution shall take effect immediately upon
The foregoing Resolution was moved for adoption by Councilmember The
motion was seconded by Councilmember and, upon being put into a vote,
the vote was as follows:
Mayor Richard H. Gillmor
Vice -Mayor Jim Hill
Councilmember Andrea B. Coy
Councilmember Eugene Wolff
Councilmember Don Wright
Subject: Resolution R -10 -29
Adoption of a Tentative Budget
Year 2010/2011
Appro ed f,, Submittal by:
for Fiscal
Agenda No. 1 0. 0 3 q
Department Origin:
Administrative
Reviewed By:
City Attorney:
A
Services' t 'fi
a
City Clerk: �,Q
City Manager
Date Submitted: September 7, 2010
For Agenda of: September 13, 2010
Exhibits:
Resolution R -10 -29 and Schedule "A"
EXPENDITURE
REQUIRED: N/A
AMOUNT BUDGETED:
N/A
APPROPRIATION
REQUIRED: N/A
HOME OF PELICAN ISLAND
City of Sebastian, Florida
SUMMARY
In accordance with Florida Statute 200.065, a tentative budget for fiscal year 2010/2011, beginning
October 1, 2010 and ending September 30, 2011, has been submitted to the City Council for review.
A Budget Workshop was held on August 23, 2010 for the purpose of providing City Council
deliberations on the budget and public input. There have been no changes or modifications to the
recommendations presented by the City Manager at that meeting. However, as mentioned at the
Budget Workshop, the $50,000 for a City Hall Parking/Landscaping project has been removed from
the budget document.
The proposed budget for the City as a whole is $22,378,954. A summary by Fund is presented in
Schedule "A
RECOMMENDED ACTION
Move to adopt Resolution R- 10 -29.
RESOLUTION NO. R -10 -29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA ADOPTING THE
TENTATIVE BUDGET FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2010 AND ENDING SEPTEMBER 30, 2011; MAKING
APPROPRIATIONS FOR THE PAYMENT OF OPERATING
EXPENSES, CAPITAL EXPENSES, AND FOR THE PRINCIPAL
AND INTEREST PAYMENTS ON THE BOND AND OTHER
INDEBTEDNESS OF THE CITY IN THE CITY'S GENERAL FUND,
SPECIAL REVENUE FUNDS, DEBT SERVICE FUND, CAPITAL
IMPROVEMENT FUNDS, GOLF COURSE FUND, AIRPORT FUND,
AND BUILDING DEPARTMENT FUND AS PROVIDED FOR IN
SCHEDULE "A ATTACHED HERETO, ESTABLISHING
AUTHORITY OF THE CITY MANAGER TO IMPLEMENT THE
BUDGET; PROVIDING FOR SEVERABILITY; PROVIDING FOR
CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Manager has submitted a Proposed Budget for the City of
Sebastian for the fiscal year beginning October 1, 2010, and ending September 30, 2011;
and
WHEREAS, on September 13, 2010, the City Council conducted Public Hearings on
the Tentative Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, that:
Section 1. The City Manager's Tentative Budget is hereby adopted for the Fiscal Year
beginning October 1, 2010 and ending September 30, 2011, subject to final hearing on
September 23, 2009.
Section 2. The amounts shown on the attached Schedule "A" is appropriated out of the
Treasury of the City, including any revenues accruing to the City available for purposes of
the City's budgetary accounts.
Section 3. The City Manager shall be authorized and directed to proceed with the
implementation of the service programs and projects provided for in the budget. Such
implementation is to be consistent with the provisions of the City Code of Ordinances and
policies established by the City Council.
Section 4. The City Manager shall be authorized to make budget adjustments within
budgetary accounts, as he deems appropriate. He shall be further authorized to make
budget adjustments between budgetary accounts when necessary to implement programs,
projects, and expenditures authorized by the City Council. All other budgetary adjustments'
will require prior approval by the City Council.
REVENUES:
001501
001501
001501
001501
001501
001501
001501
001501
EXPENDITURES:
010001 City Council
010005 City Manager
010009
010010
010020
010021
010041
010043
010047
010049
010045
010052
010053
010054
010056
010057
010059
010080
010099
ATTACHMENT TO RESOLUTION R -10 -29
SCHEDULE "A"
BUDGET SUMMARY
FISCAL YEAR 2010/2011
Taxes and franchise fees
Licenses and permits
Intergovernmental
Charges for services
Fines and forfeits
Miscellaneous
Transfers in
Restricted cash balance carryforward
Total Revenues
City Clerk
City Attorney
Administrative Services
Management Information System
Police Administration
Police Operations
Police Detective Division
Police Dispatch Unit
Code Enforcement Division
Roads and Maintenance
Stormwater Utility
Garage
Facilities Maintenance
Parks and Recreation
Cemetery
Growth Management
Non departmental
Total Expenditures
GENERAL FUND
1
7,179,708
44,650
1,836,540
286,550
65,500
304,665
736,727
10,454,340
49,708
234,642
272,792
125,785
478,562
248,908
663,341
2,368,032
1,113,656
480,087
137,759
876,789
1,092,457
130,934
252,565
927,627
105,232
358,557
536,907
10,454,340
SPECIAL REVENUE FUNDS CONTINUED
ATTACHMENT TO RESOLUTION R -10 -29
SCHEDULE "A"
BUDGET SUMMARY
FISCAL YEAR 2010/2011
LAW ENFORCEMENT FORFEITURE FUND
190010 REVENUES
Fines and forfeits 8,000
Miscellaneous 2,250
Total Revenues 10,250
190051 EXPENDITURES
Operating
Unappropriated 10,250
Total Expenditures 10,250
COMMUNITY REDEVELOPMENT AGENCY FUND
163010 REVENUES
Tax Increment Sebastian 155,427
Tax Increment Indian River County 143,515
Miscellaneous 1,440
Restricted cash balance carryforward 110,345
Total Revenues 410,727
163051 EXPENDITURES
Operating 90,727
Grants and Aids 30,000
Transfers out 290,000
Total Expenditures 410,727
DEBT SERVICE FUNDS
DISCRETIONARY SALES SURTAX REVENUE BONDS
230010 REVENUES
Miscellaneous 22,854
Transfers in 997,557
Total Revenues 1,020,411
230051 EXPENDITURES
Operating 300
Debt service 1,019,279
Unappropriated 832
Total Expenditures 1,020,411
STORMWATER UTILITY REVENUE BONDS
263010 REVENUES
Miscellaneous 1,122
Transfers in 438,877
Total Revenues 439,999
263051 EXPENDITURES
Operating 875
Debt service 439,036
Unappropriated 88
Total Expenditures 439,999
3
ATTACHMENT TO RESOLUTION R -10 -29
SCHEDULE "A"
BUDGET SUMMARY
FISCAL YEAR 2010/2011
AIRPORT FUND
450010 REVENUES
Charges for services 353,355
Miscellaneous revenues 12,500
Restricted cash balance carryforward 29,215
Total Revenues 395,070
450110 EXPENSES:
Personal services 230,275
Operating expenses 156,245
Debt service 8,550
Total Expenses 395,070
BUILDING DEPARTMENT
480010 REVENUES
Charges for services 350,350
Miscellaneous revenues 5,300
Restricted cash balance carryforward 110,090
Total Revenues 465,740
480110 EXPENSES:
Personal services 367,626
Operating expenses 98,114
Total Expenses 465,740
TOTAL BUDGET SUMMARY
GENERAL FUND 10,454,340
SPECIAL REVENUE FUNDS 5,074,010
DEBT SERVICE FUNDS 1,460,410
CAPITAL PROJECT FUNDS 3,231,500
ENTERPRISE FUNDS 2,158,694
TOTAL BUDGET FOR ALL FUNDS 22,378,954
5
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
Page Changes to Previous Budget Notebooks:
Fiscal Year 2010 -2011 Draft Operating Budget and
Capital Improvement Program
As of August 18, 2010
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
The Fiscal Year 2010/11 adopted budget continues to focus on the community services as in the previous
years. In addition, the focus continues to emphasize decreasing expenditures, yet adequately; funding the
desired level of service. Reducing expenditures has become a real challenge for the City Manager and
management staff, as each, year becomes more difficult as the budgets have already been brought down to a
minimum. Despite the State mandated rate increase limitations, the City has exercised many cost cutting
techniques over the years to facilitate the adoption of a lower millage rate. Major cost cutting techniques
include the implementation of Employee Early Retirement Incentive Program, the elimination of positions,
as well as zero budgets for new positions and minimal purchases of capital items.
TOTAL BUDGET SUMMARY
The annual budget for the City of Sebastian is divided into the following major components, which include
all appropriations for the city. The total budget for Fiscal Year 2010/11 is $22,378,954. The major
components include the following;
Personal Services: This includes all the payroll cost for employees, including overtime, part-time,
temporary and all related employee benefits. The budgeted amount for this fiscal year is $9,108,361.
Operating Budget:, The operating budget finances the contractual fees, supplies, utility billings,
training /travel expenditures. The budgeted amount for this fiscal year is $3,733,470.
Capital Budget: The Capital budget includes purchases of equipment, facilities and land, plus the
construction of city facilities, such as roads, drainage, and parks;, projects. The budgeted amount for
this fiscal year includes $3,231,500 in Capital Project Funds and $17,800 in General Fund.
Debt Service Budget: The scheduled debt service payments for city's long -term debts for this fiscal
year totals $1,734,198.
Grants Budget: This includes payments made to other individuals or organizations. $80,000 is being
appropriated in this fiscal year.
Transfers Budget: These are made between budgeted funds and total $4,242,934 in this fiscal year.
Reserves: These balances are set aside to cover emergency expenses or revenue shortages. Total
fund balances are expected to decline by $823,967, to $8,740,124 in Fiscal Year 2010/11, due to
spending of accumulated balances in the Special Revenue Funds and the Building Department
Enterprise Fund. Amounts reflected in individual Funds as increases to fund balances total $230,691.
The percentages of each component of the total budget are presented in the graph below.
Grants
0.36°
Debt Service
7.75%
Capital Outlay
0.10%
Transfers
18.96%
FY 2010/11
Total Appropriations
Reserves
1.03%
Operating
16.68%
Personal
Services
40.70%
4
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
ESTIMATED REVENUES:
Taxes:
Ad Valorem
Sales and Use Taxes
Utility Service
Licenses and Permits
Intergovernmental Revenue
Charges For Services
Fines and Forfeitures
Franchise Fees
Stormwater Assessment
Recreation Impact Fees
Miscellaneous Revenue
TOTAL ESTIMATED REVENUES
Transfers -In 1)
Cash Balances Brought Forward
TOTAL ESTIMATED REVENUES,
BALANCES AND TRANSFERS
EXPENDITURE/EXPENSES:
General Government
Public Safety
Physical Environment.
Transportation
Culture and Recreation,
Debt Service
TOTAL EXPENDITURE/EXPENSES
Transfers-Out (1)
Increases to Cash Reserves
TOTAL EXPENDITURES/EXPENSES,
TRANSFERS AND RESERVES
FY 2010/11 BUDGET SUMMARY FOR ALL FUNDS
GENERAL
FUND
3,097,353
2,607;270
44,650
1,836,540
286,550
65,500
1,450,085
329,665
9,717,613
736,727
2,663,658
4,762,875
1,092,457
1,007,723
927,627
10,454,340
SPECIAL
REVENUE
FUNDS
2,935,000
298,942
8,000
835,000
20,000
60,795
4,157,737
DEBT CAPITAL
SERVICE PROJECTS ENTERPRISE ALL
FUNDS FUNDS FUNDS FUNDS
1,160,000
23,976
23,976 1,160,000
1,436,434 2,071,500
916,273
10,454,340 5,074,010 1,460,410 3,231,500 2,158,694
300 300,000
276,500
120,827 700,000.
250,000 1,480,000
475,000
264,463 1,459,190
635,290 1,459,490 3,231,500
4,242,934.
195,786
5
920
3,097,353
2,935,000
2,607,270
350,350 395,000
3,295,482
1,650,839 1,937,389
73,500
1,450,085
835,000
20,000
18,200 432,636
2,019,389 17,078,715
4,244,661
139,305 1,055,578.
465,740
386,520
1,262,979
8,550
2,123,789
34,905
(I) The difference between the transfers -in and the transfers -out represents transfers from the Cemetery Trust Fund. The
Cemetery Trust Fund is not a budgeted fund and therefore is not included in the FY 2010/11 adopted budget.
22,378,954
2,963,958
5,505,115
1,913,284
3,124,243
2,665,606
1,732,203
17,904,409
4,242,934
231,611
10,454,340 5,074,010 1,460,410 3,231,500 2,158,694 22,378,954
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
Total funding available to the city in FY 2010/11 from all sources are estimated at $22,428,954. As
illustrated in the graph below, tax revenues make up approximately 42.17% of total budgeted revenues. Tax
revenues include ad valorem taxes, discretionary sales tax, and utility service tax. Intergovernmental
revenues make up 10.37% of revenues. These are comprised of state shared revenues and federal grants, .state
grants, and local grants. Charges for services represent an additional 9.46% of revenues, and are generated
mainly by the enterprise activities of the city.
The table presented below provides a summary of the changes in the FY 2010n 1 revenues compared to the
FY 2009/10 budget Intergovernmental Revenue has increased 30.4% due to proceeds from a grant for the
Airport. Licenses and Permits have significantly decreased due to the slow down in construction activity.
Franchise Fees has an increase of 21.9% based on trend analysis and Miscellaneous Revenue has a decrease
of 114.9% due to reductions in investment income. Recreation Impact Fee projections have been reduced
substantially to reflect current levels of collection. Transfers-In has a decrease of 29.8% due to a reduction
in transfers for capital projects. Balances Forward have decreased because lesser amounts were brought
forward in the Capital Projects Funds, as a result of the completion of 'major long-term construction projects.
Taxes
Licenses and Permits
Intergovernmental Revenue
Charges For Services
Fines and Forfeitures
Franchise Fees
Stormwater Assessment
Recreation Impact Fee
Miscellaneous Revenue
Total Operating revenues
'ransfers-In
_Jalances Forward
Total Revenues
SUMMARY OF REVENUES
Miscellaneous
1.
Recreation Impact Fee
0.10%
Stormwater Fees
4.08%
Franchise Fees
7.08%
Fines and Forfeitures
0.36%
City of Sebastian, Florida
Total Budgeted Revenue by Sources
FY 2010/11
Transfers-In Cash Forward, 4.72%
18.90%
Charges For Services Intergovennnental
9.46% 10.37%
Taxes
42.17%
Licenses and Permits
1.93%
Total Budgeted Revenue
Actual Actual Actual Budget Budget Increase Increase/
FY 2006/07 FY 2007/08 FY 2008/09 FY 2009/10 FY 2010/11 (Decrease) Decrease
10,001,876 10,000,771 10,065,806 10,219,302 8,639,623 (1,579,679) -15.7%
1,500,000 508,866 388,099 698,923 395,000 (303,923) -78.3%
2,594,077 2,799,142 3,270,854 2,299,529 3,295,482 995,953 30.4%
2,058,688 2,140,741 1,750,066 2,379,319 1,937,389 (441,930) -25.3%
72,513 65,246 88,938 67,600 73,500 5,900 6.6%
1,106,698 1,199,762 1,327,253 1,159,947 1,450,085 290,138 21.9%
834,039 810,944 807,971 820,000 835,000 15,000 1.9%
124,874 32,825 13,975 100,000 20,000 (80,000) -572.5%
1,810,399 652,434 910,301 1,478,568 432,636 (1,045,932) -114.9%
20,103,164 18,210,731 18,623,263 19,223,188 17,078,715 (2,144,473) -11.5%1
4,511,741 7,886,519 5,196,376 6,043,521 4,244,661 (1,798,860) -29.8%
1,760,667 4,370,837 1,707,926 1,055,578 (652,348) -38.2%
24,614,905 27,857,917 28,190,476 26,974,635 22,378,954 (4,595,681) -16.3%1
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
The graph below illustrates collections of Stormwater Utility Fees, which are population driven.
$800,000
$750,000
$700,000
$650,000
$600,000
City of Sebastian, Florida
Stormwater Utility Fees
SUMMARY OF APPROPRIATIONS
City services are provided through the City Council, three charter officers, operating departments/divisions
(excluding the golf course, airport administration, and building department), and are all supported by the
General Fund. The Exhibit S-1 on page 13 compares the revised General Fund departmental expenditure
budget for the FY 2009/10 with the expenditure budget for FY 2010/11.
Total decrease of 2.13% for the General Fund reflects plans to continue 12 furlough days, no pay
increases, plus employee reductions as a result of normal attrition over the past year. Some of the
changes are a result of a position that was split between the City Manager and Code Enforcement that
was exchanged for a position in Growth Management that will now be split between Growth
Management and Code Enforcement. The other employee reductions include a mechanic position in
the Garage; two positions in the Parks and Recreation Division and one position in the Cemetery. All
these measures, as well as deferring non-critical equipment replacements and limiting appropriations
for operating and maintenance accounts were necessary to reduce appropriations down to a
sustainable level.
0 The total for all the Police Department Divisions was increased $87,087 or 1.86%.
The Stormwater Utility Division shows a decrease of $60,724 but this does not consider $200,000 to
be spent on excavation equipment in the Capital Project Fund.
O The reduction of personnel is reflected in the budgets for City Manager, Garage, Parks and
Recreation, Cemetery and Growth Management.
O Non-Departmental shows a reduction due to elimination of the City Newsletter and projected
reduction in the General Fund's tax increment payment to the Riverfront CRA Fund.
General F and
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
Exhibit S -3 compares the revised total expenditure budget for FY 2010/11 with the approved expenditure
budget by fund for FY 2009/10.
Fund name
Exhibit S -3
Total Budget Comparison by. Fund
FY 06/07 FY 07/08 FY 08/09
Actual Actual Actual FY 10/11
Expenditures Expenditures/ Expenditures/ FY 09/10 Adopted Increase Increase
Expenses Expenses Expenses Budget Budget (Decease) (Decrease)
12,079,797 11,776,197 12,025,198 10,922,181 10,454,340 (467,841) 4.28
Special Revenue Funds
Local Option Gas Tax 757,946 600,737 760,251 3,056,521 689,463 (2,367,058) -77.44%
Discretionary Sales Tax 2,744,909 3,556,652 2,779,369 3,363,847 2,164,057 (1,199,790) 35.67%
Recreation Impact Fee (1) 77,040 357,993 177,724 200,000 475,000 275,000 137.50%
Stormwater Utility' Fee 1,357,672 1,006,135 1,038,941 1,086,967 1,138,977 52,010 4.78%
Law Enforcement Forfeiture
Fund (2). 17,494 85 26,209 24,500 (24,500) 100.00%
Riverfront CRA 215,401 634,561 1,028,234 466,400 410,727 (55,673) 11.94%
Debt Service Funds
Discretionary Sales Surtax
Revenue Bonds 1,034,881 1,041,294 1,041,294 1,034,931 1,019,579 (15,352) -1.48%
Stormwater Utility: Revenue
Bonds 438,148 441,748 441,010 438,360 439,911 1,551 0.35%
Capital Project Funds (3) 10,715,737 5,392,666 6,383,101 3,614,144 3,231,500 (382,644) 10.59%
Enterprise Funds
Golf Course Fund (4) 1,658,110 1,694,340 2,055,219 1,595,913 1,262,979 (332,934) -20.86%
Airport Fund, (5). 620,223 724,246 434,766 384,735 395,070 10,335 2.69%
Building Department (6) 868,735 594,039 521,535 489,334 465,740 (23,594) -4.82%
Total All Funds 32,586,053 27,820,693 28,712,850 26,677,833 22,147,343 $(4,530,490) 16.98%
(1) Recreation Impact Fee Fund increased due to amounts budgeted for capital projects.
(2) Law Enforcement Forfeiture Fund decrease, as no appropriations are made in advance.
(3) Capital Project Funds decrease due to reduction in amounts allocated for planned projects.
(4) Golf Course Fund decreased primarily due to final maturity of the bond issue.
(5) Airport Fund slight increase due to increases in rental charges.
(6) Building Department decrease reflects a reduction in administrative charges by General Fund.
1C
General Capital Project
2,821
0
0
376,500
(376,500)
0
0.0%
Capital Improvements
436,506.
401,402
0
705,000
(705,000)
0
0.0%
Building Department (7)
Transportation .Improvements
2,797,157
567;307
0
1,450,000
(1,450,000)
0
0.0%
Stormwater Improveinents
5,039,510
2,080,225
0
700,000
(700,000)
0
0.0%
Golf! Course Fund -(5)
542,988
(98,395)
(367,001)
1
(1,262,979)
(332,096)
9:5%
Airport Fund (6)
10,346
(51,652)
(96,942)
365,855
(395,070)
(126,157)
30.1%
Building Department (7)
795,913
636,483
504,899
355,650
(465,740)
394,809
-2L8%
Bonds
338,906
1,409,493
1,541,577
1,020,4II
(1,019,579)
1,542,409
0.1%
Stormwater Utility Revenue Bonds
85,876
144,635
182,932
439,999
(439,911)
183,020
0.0%
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
Enterprise Funds
FUND BALANCE COMPARISON AND PROJECTED CHANGES
The City of Sebastian uses fund accounting to track revenues and expenditures. Fund Balance represents the
equity (assets minus liabilities) of each fund. Exhibit S -4 compares the actual fund balance and projected
fund balance change for each individual fund.
Fund Name
Special Revenue Funds
Debt Service Funds
Capital Project Funds
Balance Balance
9/30/2008 9/30/2009
Actual Actual
Exhibit S -4
Balance
9/30/2010
Estimated
Change in Fund Balance (1)
Projected
Projected Projected Balance
Sources Uses 9/30/2011
Percentage
Change from
Prior Year
General Fund (2)
1 5,534,856L1 5,051,894 1 5,068,245
10,454,340 1 (10,454,340)1 5,068,245 1,
0.0 %I
Local Option Gas Tax
Discretionary Sales Tai (3)
Recreation ;Impact Fee (4)
Stormwater Utility Fee Fund
Law Enforcement Forfeiture Fund.
Riverfront CRA
226,517
1,404,945
1,033,393
1,112,003
51,947
82,579
958,676
1,087,353
887,481
57,859'
984,638
115,114!
431,597
601,040
52,609
676,714
623,521:
2,349,593
30,791
10,250
(689,463)
(2,164,057)
(475,000)
(1,138,977)
(410,727)
49,172
617,133
409,098
365.263
62,859.
566,369
57.3%
43.0%
52.1%
49.2%
19.5%
16.3%
Unreserved fund balance only, as defined in the Glossary within the Schedules section.
(1) General Fund fund balance is projected to stay the same based on adopting a final millage of 3.3456,
which is the same millage as the prior year.
(2) Local Option Gas Tax projected fund balance declines because of reductions in annual revenue below
the commitments to debt service and the transfer to General Fund.
(3) Discretionary Sales Tax projected fund balance slightly increases in FY 2011 primarily due to the
need to accumulate funds for future projects scheduled in the Capital Improvements program.
(4) Recreation Impact Fee Fund projected fund balance decreases in FY 2011 due to the scheduled
improvements.
(5) Stormwater Utility Fee Fund decreases because of commitments for debt service and swale
maintenance, as well as the purchase of excavation equipment.
(6) Riverfront CRA Fund decreases because of budgeted capital projects.
(7) Golf Course Fund shows a reduction in the negative fund balance, as a result of the final maturity of
the bond issue.
(8) Airport Fund shows an increase in the negative fund balance due to increased budgets for the cost of
electricity and insurance.
(9) Building Department Fund Balance continues to decline due to the decline in permits being issued.
16
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
DISCRETIONARY SALES TAX FUND EXPENDITURES
Code: 130051
1 '?7
Amended
FY 10/11
Account
FY 06/07
FY 07/08
FY 08/09
FY 09 /10
FY 09/10
Adopted
Number Description
Actual
Actual
Actual
Budget
Projected
Budget
NON OPERATING
909101 Interfund Trfr to 001 GF
374,432
0
0
0
0
0
909123 InterfundTrfr to230- Series 2003 DSF
1,033,206
1,164,036
2,251,783
1,146,847
1,146,847
997,557
909131 Tr& to Capital Projects Fund 310
276,951.
525,709
361,786
385,000
199,534
376,500
909132 Trfr to CIP Fund 320
(596)
(32,788)
0
0
0
0
909133 Trfr to Transp Irnpr Fund 330
407,501
581,251
98,159
467,498
467,498
0
909136 Trfr to Stormwater'Impr Fund 363
653,415
1,318,444
67,641
1,364,502
1,058,750
500,000
909145 Trfr to Fund 455 AP
0
0
0
0
0
290,000
909990 Unappropriated
410,193
0
0
0
0
185,536
TOTAL NON- OPERATING
3,155,102
3,556,652
2,779,369
3,363,847
2,872,629
2,349,593
TOTAL DISCRETIONARY SALES TAX
3,155,102
3,556,652
2,779,369
3,363,847
2,872,629
2,349,593
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
DISCRETIONARY SALES TAX FUND EXPENDITURES
Code: 130051
1 '?7
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
CAPITAL IMPROVEMENT FUND SOURCES AND USES OF FUNDS
FOR FISCAL. YEAR 2010 2011
Riverfront CRA
7%
Culture and
Recreation
15%
USES OF FUNDS
Physical General
Environment Government
22% 9
140
Public Safety
9
Transpo{#ation
45%
CITY OF SEBASTIAN FLORIDA 2010/2011 ANNUAL BUDGE
CAPITAL IMPROVEMENT FUND REVENUES BY SOURCE
Stormwater Fund
Recreation Impact Fee Fund
Discretionaiy Sales Tax Fund
Riverfront GRA
Grants/Bank Notes
Total Capital Improvement Fund Revenues
General Government
Public Safety
Transportation
Culture and Recreation
Physical Environment
141
200,000
475,000
1,166,500
230,000
1,160,000
3 9 231 9 500
CAPITAL IMPROVEMENT FUND EXPENDITURES BY TYPE
300,000
276,500
1,480,000
475,000
700,000
Total Capital Improvement Fund Expenditures 3,231,500
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
CAPITAL IMPROVEMENT PROGRAM
BY PROJECT AND FUNDING SOURCE
FISCAL YEAR 2010/2011
Police Department
Police Vehicle Replacement 276,500
Management Information Systems
Munis Upgrade 25,000
MIS Broadcasting Equipment 75,000
Parks Recreation
Barber Street Field Expansion 125,000
Lift Station Riverview Park 100,000
Bark Park Amenities 75,000
Riverview Park Pavilion 50,000
Riverview Park Irrigation/Fountains 25,000
Riverview Park Street Parking 100,000
Stormwater
Excavation Equipment
1/4 Round Swale Rehab 450,000
Stormwater Master Plan, 50,000
Riverfront CRA
Parking Study
Waterfront Property Renovations
Airport
Aircraft Maintenance Facility
Total FY 2010/2011
Recreation
Impact Grants/ Riverfront. Stormwater
DST Fees Bank Note CRA Fund Total
290,000
1d9
1,160,000
30,000
200,000
276,500
25,000
75,000
125,000
100,000
75,000
50,000
25,000
100,000
200,000 200,000
450,010
50,000.
30,000
200,000
1,450,000
1,166,500
475.000 1,160,000
230,000 200,000
3,231,500
Barber Street Field Expansion
Project Description;
Recreation. Impact Fees
Improvements to expand the north football =field from 80 yardsto a,.
regulation size field and to adjusta the crown to •Ilhe,proper levels.
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
Project Name:
Funding Source:
Justification:
Project Costs:
FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15
$276,500 $395,000 $395,000 $450,000 $395,000
Operating Impact:
$0
Project Name:
Funding Source:
Iustification:
Project Costs:
FY 10-11 FY 11 -12
$25,000 $0
Operating Impact:
$0
Project Name:
Funding Source:
Justification:
Project Costs:
Project Name:
Funding Source:
Justification:
Project Costs:
FY 10-11
$125,000
Operating Impact:
$0
Police: Patrol Vehicles
Discretionary Tax
Project Description:
1 7 Police Vehicles
AO/11 Rep lace'7 older Iiighmileage high ma intenance vehic
11!'12 R eplace 1`0- older high;m high maintenance vehic
12/13 Re IO 1.. leage; liigh,ma i n tenance ve1i Iles: 13/ 14 Replace 10 h h rri ileage, high:maintenance velnclesl !,Police Boat/trazle
14/15 Replace 1Q zl�er hi h mileage high n ain x e uance. veh'icl'es:
FY 12 -13
$0
$o
$o
$0
FY 13.14 FY 14 -15
$0 $0
$o
$0
Project
FY 15 -16 Total
$395,000 $2,306,500
$0i
Munis'•Tpgr"ade
Discretionary Sales Tax
Project Description:
10/11- Mullis Operating System Upgrade.
Additional hardware and software ,is required
software used by the City.
to handle a
ndor mandated upgrade to the frnancial
FY 15-16
$0
go
$o
Project
Total
$25,000
$o
NUS 13roadcastng.Etjuiptrrent'!
Discretionary Sales Tax
Project Description:
10 /11- Purchase of Broadcasting Equipment/Soflw are.
Additional hardware /software is required to enhance the broadcasting of meetings via Channe
FY 10 -11 FY 11 -12 FY 12 -13
$75,000 $0 $0
Operating Impact:
$0 $0
FY 11 -12
$0
$0
FY 12 -13
$o
$0
$0
FY 13 -14 FY 14 -15 FY 15 -16
$o- $o $o
143
$0
$0
$0
$0
$0'
Project
Total
$75,000
$0
This project is desirable to expand the fields at the Barber Street Sports. Complex.
Project
FY 13 -14 FY 14 -15 FY 15 -16 Total
$0 $0 $0 $125,000
$0
$0
SUMMARY
List of Protects
General Government
Munis Upgrade
MIS Broadcasting Equipment
Police Department
Police Vehicle Replacement
Parking .I'ot Expansion
Roads and Special Projects
Street Repaving
Schumann Barber Intersection
Sidewalk/Bikepath Construction
512 Median Landscaping
Parks Recreation
Barber Street Field Lighting
Barber Street Field Expansion
Riverview Park Pavilion
Bark Park Amenities
Lift Station Riverview Park
New Park Facilities
275,000 275,000
125,000 125,000
50,000 50,000
75,000 75,000
100,000 100,000
50,000 50,000 50,000 150,000
Riverview Park Irrigation /Fountains 25,000 25,000
Riverview Park Street Parking 100,000 100,000
Starmwater
Excavation Equipment 200,000 200,000
1/4 Round Swale Rehab 450,000 500,000 500,000 500,000 500,000 500,000 2,950,000
Stonnwater Master Plan 50,000 50,000
Riverfront Community Redevelopment
Larking Study 30,000 30,000
Waterfront Property Renovations 200,000 200,000
Parking Improvement Project 650,000 275,000 925,000
Golf Course
New Clubhouse/Tee Box Improvements 2,500,000 2,500,000
Airport
Aircraft Maintenance Facility 1,450,000 1,450,000
Master Plan Update 300,000 300,000
Main Street Access Road 1,200,000 1,200,000
Taxiway Construction Lights 3,200,000 3,200,000
Construct Hangers 2,500,000 2,500,000
Construct Access Road 800,000 800,000
Total
CITY OF SEBASTIAN, FLORIDA
CAPITAL IMPROVEMENT PROGRAM
FISCAL YEAR 2011 -16
FY 2010 FY 2011 -12 FY 2012 -13 FY 2013 -14 FY 2014.15 FY 2015 -16
25,000 25,000
75,000 75,000
276,500 275,000 300,000 300,000 300,000 300,000 1,751,500
50,000 50,000
50,000 100,000 150,000 200,000 500,000
1,500,000 1,500,000
150,000 150,000 150,000 150,000 150,000 750,000
500,000 500,000
3;231,500 2.250.000 2,250.000 5.075,000 3,600,000 5,950,000 22;356,500
1 72
Total
umm
Grouped. by Department
Management Information
Police .Depattalent
Public Works Department
Roads and Special Projects
Parks Recreation
Stormwater
Riverfront CRA
Golf Course
Airport
Total by Departments
"Grouped by Function
General Government
Public Safety
Transportation
Parks Recreation
Physical Environment
Total by Functions
Grouped by Funding Source
DST
LOOT
Recreation Impact Fees
Airport Operating Revenues
Grants/Bank Notes
Riverfront CRA
Stormwater Fund
Total Funding Sources
CITY OF SEBASTIAN, FLORIDA
CAPITAL IMPROVEMENT PROGRAM
FISCAL YEAR 2011 -16
FY 2010 -11
100,000
276,500
475,000
700,000
230,000
1,450,000
300,000
276,500
1,480,000
475,000
700,000
1,166,500
475,000
1,160,000.
230,000
200,000
FY 2011 -12
325,000
150,000
325,000
500,000
650,000
300,000
325,000
1,100,000
325,000
500,000
1,250,000
50,000
7,500
292,500
650,000
FY 2012 13 FY 2013 14 FY 2014 -15 FY 2015 -16
300,000 300,000
173
200,000
50,000
500,000
1,200,000
5 1,190,000
50,000
50,000
960,000
750,000
50,000
500,000
275,000
3,200,000
50,000 50,000
1,450,000
100,000
50,000
80,000
3,120,000
275,000
100,000
300,000 300,000 1,801,500
300,000
500,000
2,500,000
3;231 ,500 2,250,000'
2;250,000`.$ 5,075,000
3, 600, 000 „w >$,5,95(),000, ,500,
300,000 300,000
I,400,000 4,225,000 2,800,000 2,650,000 13,655,000
2,500,000 3,400,000
500,000 3,200,000
500,000 500,000 500,000
300,000
300,000 300,000 1,801,500
$.3,231,500:
$.2,250,000a $2;250,00
5,07.5,000 3,600,000 5,950;0.00 :S22,356,506
1,450,000
150,000
2,000,000
1,850,000 3,250,000
900,000
500,000 3,200,000
1,155,000
2,500,000 2,500,000
800,000 9,450,000
2,610,000
200,000
3,140,000
Total
9,116,500
500,000
625,000
87,500
10,672,500
1,155,000
200,000
$3 231,500:
2,250,000'=
;250,000„ "'5,075,000::
"3,600,000 5,950,000.' ;$22,356;500;
CITY OF SEBASTIAN, FLORIDA
CAPITAL IMPROVEMENT PROGRAM
FISCAL YEAR 2011 -16
FISCAL YEAR 2010/2011
Police Department
Police Vehicle Replacement 276,500
Management Information Systems
Munis Upgrade 25,000
MIS Broadcasting Equipment 75,000
Parks Recreation
Barber Street Field Expansion 125,000
Lift Station Riverview Park 100,000
Bark Park Amenities 75,000
Riverview Park Pavilion 50,000
Riverview Park Irrigation/Fountains 25,000
Riverview Park Street Parking 1 oo,000
Stormwater
Excavation Equipment
1/4 Ro and Swale Rehab
Stormwater Master Plan
RiverfrontCRA
Parking Study
Waterfront Property Renovations
Airport
Aircraft Maintenance Facility
Total FY 2010/2011
Local Recreation
Option Impact Grants/ Riverfront Stormwater
Gas Tax DST Fees Airport Bank Note CRA Fund Total
450,000
50,000
290,000
1 74
1,160,000
30,000
200,000
276,500
25,000
75,000
125,000
100,000
75,000
50,000
25,000
100,000
200,000 200,000
450,000
50,000
30,000
200,000
1,450,000
1,166,500
475,000
1,160,000
230,000 200,000 3,231,500
FISCAL YEAR 2015/2016
Police Department
Police, Vehicle Replacement
Roads and Special Projects
Street Repaving.
Schumann Barber Intersection
Sidewalk/Bikepaths Construction
Stormwater
1/4 Round Swale Rehab
Golf Course
New Clubhouse/Tee Box Improvements
Airport
Construct Access Road
Total FY 2015/2016
Grand Total.
CITY OF SEBASTIAN, FLORIDA
CAPITAL IMPROVEMENT PROGRAM
FISCAL YEAR 2011 -16
Local Recreation
Option Impact Grants/ Riverfront Stormwater
Gas Tax DST Fees Airport Bank Note CRA Fund Total
300,000
200,000
1,500,000
150,000
500,000
160,000
179
2,500,000
640,000
300,000
200,000
S 1,500,000
150,000
500,000
2,500,000
800,000
200,000
2,610,000 e
3,140,000.
5,950,000
9,116,500
625,000
87,500
10;672,500
1.155,000' 200;000
:22,356,500`.
Riverview Park"Pavilion
Project Description:
Recre Fe es
insta a large p a vi lion on the east side of Indian. River D ri by the
twin piers.
B arber Street Field Expansion
on
Project Descripti:
Recreation fin Fees
lmprov.ements to expand the north football field firoxn 80".yards to a
regulation size field and to adjust the crown to the proper leuels.
512 MedraizLandscaping
Project Description:
Discretionary Sales Tax
Improvements to improve the appearance of this major entryway to
the City. Irrigation and landscaping will be added.
Project Name:
Funding Source:
Justification:
Project Costs:
FY 10 -11
Project Name:
Funding Source:
Justification:
Project Costs:
Operating. Impact
Project Name:
Funding Source:
Justification:
Project Costs:
Operating Impact:
50
Project Name:
Funding Source:
Justification:
Project Costs:
FY 10-11
$50,000.
Operating Impact:
$0
CITY OF SEBASTIAN, FLORIDA
CAPITAL IMPROVEMENT PROGRAM
FISCAL YEAR 2011 -16
CAPITAL "IMPROVEMENT PROJECT REQUEST AND JUSTIFICATION FORM
so
Impact
$0
FY 10.11
$0
FY 10 -1' 1_
$1 25,000
PUBLIC WORKS DEPARTMENT
[This project is desirable to enhance the view of those entering the City.
FY 11 -12 FY 12 -13 FY 13 -14
$0
$0 $500,000
$0
$0
Barbee Street'Fieid Lighting
Discretionary Sales Tax
Project Description:
Remove and Replace: out li with new ones.
'These are the oldest Iights in the city and need to be replaced with new energy efficient lighting.
FY 11 -12
$2 ?5,000
$1500
FY 11 -12
$0
$0
FY 11 -12
$0
FY 12-13
$o
$0
Project
FY 13 -14 FY 14-15 FY 15-16 Total
$0 $0 $0 $275,000
$1,500
$1,500
[This projectis desirable to expand the fields at;the Barber S
eet Sports Complex.
FY 12 -13 FY 13-14
$0 $0
FY 14-15 FY 15 -16
$0 $0
$0
$1,500
FY 15 -16
so
$1,500:
s 0``
Project
Total
$500,000
$7,500
Project
Total
$125,000
$0
$0
$0
$0'
$0
his will enhance the.Riverfront district and allow additional rent .ls far
igslparties,
FY 12 -13
$0
$0 $0 $0
FY 13 -14 FY 14 -15
$0 $0
1 S2')
FY 15 -16
$0°
$0 $0
Project
Total
$50,000
$0
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
Grouped by Department
Management Information
Police Department
Public Works Department
Roads and Special Projects
Parks Recreation
Stormwater
Riverfront CRA
Golf Course
Airport
Total by Departments
SCHEDULE FIVE
SIX YEAR CAPITAL OUTLAY SCHEDULE SUMMARY
FY 2010 -11 FY 2011 -12 FY 2012 -13 FY 2013 -14 FY 2014 -15 FY 2015 -16 Total
100,000
276,500 325,000
150,000 200,000 750,000
475,000 325,000 50,000 50,000
700,000 500,000 500,000 500,000
230,000 650,000 275,000
1,450,000 300,000 1,200,000 3,200,000
3,231,500 2,250,000
2,250,000 5,075,000 3,600,000 5,950,000 $22,356,500
19h
100,000
300,000 300,000 300,000 300,000 1,801,500
300,000 1,850,000 3,250,000
900,000
3,200,000
1,155,000
2,500,000
9,450,000
500,000 500,000
2,500,000
800,000
2,500,000
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL .BUDGET
SCHEDULE SIX
SIX YEAR SCHEDULE OF CAPITAL OUTLAY REQUESTS
List of Protects FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 FY2014-15 FY2015-16 Total
General Government
Munis Upgrade 25,000 25,000
MIS Broadcasting Equipment 75,000 75,000
Police Department
Police Vehicle Replacement 276,500 275,000 300,000 300,000 300,000 300,000 1,751,500
Parking Lot Expansion 50,000
Roads and Special Projects
Street Repaving 50,000 100,000 150,000 200,000 500,000
Schumann Barber Intersection 1,500,000 1,500,000
Sidewalk/Bikepath Construction 150,000 150,000 150,000 150,000 150,000 750,000
512 Median Landscaping 500,000 500,000
Parks Recreation
Bather Street Field Lighting 275,000 275,000
Barber Street Field Expansion 125,000 125,000
Riverview Park Pavilion 50,000 50,000
Bark Park Amenities 75,000 75,000
Lift Station Riverview Park 100,000 100,000
New Park F'acilities 50,000 50,000 50,000 150,000
Riverview Park Irrigation/Fountains 25,000 25,000
Riverview Park Street Parking 100,000 100,000
Stormwater
Excavation Equipment 200,000 200,000
114 Round Swale Rehab 450,000 500,000 500,000 500,000 500,000 500,000 2,950,000
Stormwater Master Plan 50,000 50,000
Rivedront Community Redevelopment
Parking Study 30,000 30,000
Waterfront Property Renovations 200,000 200,000
Patldng Improvement Project 650,000 275,000 925,000
Golf Course
New Clubhouse/Tee Box Improvements
Airport
Aircraft Maintenance Facility 1,450,000
Master Plan Update 300,000
Main Street Access Road 1,200,000
Taxiway Construction Ligbts
Construct Hangers
Construct Access Road
Total
197
3,200,000
2,500,000
2,500,000
800,000
50,000
2,500,000
1,450,000
300,000
1,200,000
3,200,000
2,500,000
800,000
3231,500 2,250.000 2,250,000 5.075,000 3.600,000 5,950,000 22,356.500
CITY OF SEBASTIAN, FLORIDA 2010/2011 ANNUAL BUDGET
SCHEDULE EIGHT
DISCRETIONARY SALES TAX FUND (DST)
PROJECTED BALANCES
FISCAL YEARS 2011-2016
FY 08 -09 FY 09-10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14-15 FY 15 -16
DST Revenue 2,328,648 2,325,000 2,325,000 2,406,375 2,490,598 2,577,769 2,667,991 2.761,371
Principal from $285,000 Airport Advance 0 0 0 0 0 600 624 624
Interest from $285,000 Airport Advance 8,550 8,550 8,550 8,550 8,550 11,400 11,376 11,376
Interest from $290,000 Airport Advance 0 0 0 8,700 8,700 8,700 8,700 8,700
Interest from $240,000 Airport Advance 0 0 0 0 0 7,200 7,200 7,200
Interest from $660,000 Airport Advance 0 0 0 0 0 0 0 19,800
Investmentlncome (4,098) 12,000 16,044 17,919 20,321 24,189 26,545 28,173
DST PROJECT REVENUE 2,333,100 2,345,550 2,349,594 2,441,544 2,528,169 2,629,858 2,722,436 2,837,244
City Hall Debt (Retires 2018) 2,251,783
Police Cars 361,786
Potomac Road Crossing 21,650
Easy Street 98,159
1/4 Round Swale Improvement 45,991
TOTAL FY 09 2,779,369
Return on Blossom Ditch (305,752)
Potomac Road Crossing 103,350
George Street 82,213
City Hall Debt (Retires 2018) 1,1.46,847
Police Cars 199,534
Gateway Project 250,000
Poweriine Road 217,498
1/4 Round Swale improvement 1,178,939
TOTAL FY 10 2;872,629
City Hall Debt (Retires 2018) 997,557
Police Cars 276.500
MUNIS Upgrade 25,000
MIS Equipment for Broadcasting 75,000
Stormwater Master Plan 50,000
1/4 Round Swale Improvement 450,000
Airport Advance for Grant Matching 290,000
TOTAL FY 11 2,164,057
City Hail Debt (Retires 2018) 997,394
Police Cars 275,000
Police Parking Lot Expansion 50,000
Barber Street Field Lighting 275,000
Sidewalk/Bikepath Construction 150,000
1/4 Round Swale Improvement 500,000
TOTAL FY •12 2,247,394
City Hall Debt (Retires 2018) 994,621
Police Cars 300,000
Sidewalk/Bikepath Construction 150,000
1/4 Round Swale improvement 500,000
Airport Advance for Grant Matching 240,000
TOTAL FY 13 2,184,621
City Hall Debt (Retires 2018) 995,116
Police Cars /Boat 300,000
512 Median Landscaping 500,000
Sidewalk/Bikepath Construction 150,000.
1/4 Round Swale Improvement 500,000
TOTAL FY 14 2,445,116
City Hall Debt (Retires 2018) 995,944
Police Cars 300,000
Sidewalk/Bikepath Construction 150,000
1/4 Round Swale Improvement. 500,000
Airport Advance for Grant Matching 660,000
TOTAL FY 15 2,605,944
City' Hall Debt (Retires 2018)
Police Cars
Sidewalk/Bikepath Construction
Schumann 8 Barber intersection
1/4 Round Swale Improvement
TOTAL FY 16
199
1,013,962
300.000
150,000
1,500,000
500,000
3,463,962
BEGINNING FUND BALANCE 1,404,945 958,676 431,597 617,133 811,284 1,154,832 1,339,574 1,456,066
BUDGET RESERVE 10% OF EXPENSES 277,937 287,263 216,406 224,739 218,462 244,512 260,594 .346,396
RESERVE FOR ADVANCE TO AIRPORT 285,000 285,000 285,000 276,300 276,800 276,300 267,600 267,800
UNRESTRICTED RESERVEBALANCE 842,008 386,413 (69,809) 116,094 316,522 634,020 811,380 842,070
TOTAL REVENUES 2,333,100 2,345,550 2.349,594 2,441,544 2,528,169 2,629,858 2,722,436 2,837,244
EXPENDITURES +DEBT +TRANSFERS 2,779,369 2,872,629 2,164,057 2,247,394 2,184,621 2,445,116 2,605,944 3,463,962
ENDING FUND BALANCE 395,739 (140,666) 115,728 310,245 660,070 816,762 927,872 215,351