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HomeMy WebLinkAbout08102011arrof HOME OF PELICAN ISLAND SEBASTIAN CITY COUNCIL MINUTES REGULAR MEETING WEDNESDAY, AUGUST 10, 2011 - 6:30 P.M. CITY COUNCIL CHAMBERS 1225 MAIN STREET, SEBASTIAN, FLORIDA 1. Mayor Hill called the Regular Meeting to order at 6:30 p.m. 2. Invocation was given by Pastor Seth Goldsmith, Community Christian Church. 3. Council Member Coy led the Pledge of Allegiance. 4. ROLL CALL City Council Present: Mayor Jim Hill Vice -Mayor Don Wright Council Member Andrea Coy Council Member Richard H. Gillmor Council Member Eugene Wolff Staff Present: City Manager, Al Minner City Attorney, Robert Ginsburg Deputy City Clerk, Jeanette Williams Community Development Director, Joseph Griffin Administrative Services Director, Debra Krueger Finance Director, Ken Killgore Building Director, Wayne Eseltine Chief of Police, Michelle Morris Deputy Police Chief, Greg Witt MIS Senior Systems Analyst, Barbara Brooke -Reese Absent: City Clerk, Sally Maio (excused) 5. AGENDA MODIFICATIONS Modifications and additions require unanimous voted of City Council Members 6. PROCLAMATIONS, AWARDS, BRIEF ANNOUNCEMENTS Presentations of proclamations, certificates and awards, and brief timely announcements by Council and Staff. No public input or action under this heading. A. Certificates to Stephan Cafasso and Jason Heilfurth for Lifesaving Efforts Mayor Hill called Stephan Cafasso to the podium. Mr. Heilfurth could not be present. Todd McIntyre also accompanied Mr. Cafasso to the podium. Mayor Hill described efforts to save the life of a woman who was in a submerged vehicle at the Yacht Club boat ramp as a result of an accident. Police Chief Morris then presented a Commendation Certificate to Mr. Cafasso and Mr. Heilfurth's will be provided to him. Regular City Council Meeting August 10, 2011 Page Two B. Certificates of Appreciation to Charter Review Committee Members Mayor Hill presented Certificates of Appreciation to the following members of the Charter Review Committee: Bob Daberkow, John Danise, Linda DeSanctis, Jeanne Hill, Louise Kautenburg, Chair, Janet Kennedy, Mary McGee, Bob McPartlan, and Bob Zomok, Vice Chair. Members Adrina Davis, Ed Dodd, Dan Dragonetti, Carolyn Sartain - Anderson and Ruth Sullivan were not able to be present. C. Proclamation — Patriot Day, September 11, 2011 Mayor Hill read the proclamation and invited everyone to attend the 9 -11 observation at the Veterans Memorial in Riverview Park on September 11, 2011 at 1 pm, where the proclamation will be read again and presented to veterans' groups. Brief Announcements Mr. Gillmor said he had attended the MPO meeting earlier in the day and to put folks' minds at ease, they voted to pursue passenger train service on the east coast. 7. CONSENT AGENDA A. Approval of Minutes — July 27, 2011 Regular Meeting MOTION by Mr. Gillmor and SECOND by Mr. Wolff to approve the July 27, 2011 Minutes passed with a voice vote of 5 -0. 8. COMMITTEE REPORTS & APPOINTMENTS — none. 9. PUBLIC HEARINGS — none 10. UNFINISHED BUSINESS A. Update — FY12 Employee Health Care Program (Administrative Services Transmittal) The City Manager said the Gehring Group would give an update about a different kind of employee program, noting Council would be asked to approve a Health Reimbursement Account (HRA) to go along with the plan. Christian Bergstrom, the Gehring Group, passed out information regarding the proposed high deductible program (see handout attached). In response to Mr. Gillmor, Mr. Bergstrom said preventative care is covered but not subject to the deductible. Mr. Wright noted discrepancies between Mr. Bergstrom's handout and the agenda packet. The City Manager said the preliminary data was based on a higher number of employees. Mr. Wolff asked what the administrative cost of the debit program would be and Mr. Bergstrom said the debit card will be about $5.00. 2 Regular City Council Meeting August 10, 2011 Page Three Public Input Damien Gilliams, 1623 US Highway 1, said when employee numbers drop, the premium should drop, that the $750 debit card will be eaten up in no time, the City should have gone out to bid, insurance companies are looking to save on the backs of employees, and this will curtail doctor visits. Frank Balata, South Easy Street, asked if there was a way that the City can hitch hike with other municipalities to give us more buying power. The City Manager said there are doctor /facilities issues when networking with other organizations and they are not willing to blend employees. He said the market is limited, the workforce has declined, and the higher premiums have not gone away for any organizations. B. Update - Presidential Streets Proiect (City Manager Transmittal, Plans) The City Manager said that identified CRA priorities included adding ambience, reconstructing the presidential streets, and developing more parking where we can. Frank Watanabe, P.E., Neel- Schaffer, said they began looking at Washington, Cleveland, and Martin by studying as much data as possible, completed field review, did geotechnical work, created engineer drawings from conceptual plans, took core samples, and tried to save as many existing oak trees and utilities as possible. He said it will tie in better with the surrounding properties including US1 improvements; and add drainage, benches, and sidewalks. Jim Turner, corner of Martin Avenue and Indian River Drive, asked what will happen to Martin Avenue. The City Manager said because it is residential, the base will be repaired and resurfaced. Mr. Watanabe cited the cost numbers and anticipated St. Johns River Water Management District approval once we show water conveyance and best maintenance practices. MOTION by Ms. Coy and SECOND by Mr. Gillmor to go forward with this project. Result of the roll call: AYES: All NAYS: None Passed 5 -0. C. Update - US Highway 1 Project (City Manager Transmittal, Plans, FDOT Correspondence) The City Manager said it had been decided to give US 1 a more welcoming ambience and improve parking, and because CRA revenues are dwindling, the project is based on DST funds. He said FDOT has indicated they would consider a speed limit reduction if it was done in conjunction with another project. 3 Regular City Council Meeting August 10, 2011 Page Four Mr. Wolff pointed out that it was a rare opportunity to have a chance to use CRA funds for street improvements and asked why the switch to DST funds. The City Manager cited CRA projects, noting he didn't want to delay the Cavcorp project. In response to Mr. Wright, Geoffrey Barkett, Schulke, Bittle and Stoddard, said only existing islands will remain and the City Manager responded about $5 -6,000 for concrete and dirt but we didn't have a good plan to get irrigation to new islands. Mayor Hill reminded Council that this new design is the alternative to the previous decision not to go with new islands at $20,000 each. Mr. Wright referenced the recent accidents in front of the Beyond Useless Boutique and asked if anything else could be done to protect parking in front of Mrs. Robinson's shop. Mr. Barkett said he couldn't fully answer that, stating downtown Sebastian is under old FDOT rules, new projects are much more exaggerated so FDOT probably wouldn't allow the replanting of existing trees because of line of site issues; and he wasn't sure how to make it safer. Mr. Wright displayed a picture of a flat hedge at Truman Street and asked what if the stamped concrete was put in the medians. The City Manager said that is an option but since we have a permitted project, we should bid, and move forward. He said he had a packet of information for FDOT Director of Operations, Carolyn Gish, who will meet with him and Mrs. Robinson to take a look at what is happening. He offered to stop the project but noted we are trying to create ambience on a road that we don't have control over. Mr. Wright said the concept of a curb with a low hedge would accomplish safety and not cost a fortune or interfere with the line of sight. Public Input Damien Gilliams said Council needs to refresh their memories on how this started, because Mrs. Robinson wants to reduce traffic through the community, and it was funny that she is having all of the accidents. Mayor Hill said Council was going forward with the project based on the best interest of the CRA and he would not allow Mr. Gilliams to single out a citizen. Mr. Gilliams cited FDOT correspondence stating the posted speed limit is realistic but they are willing to lower speed limit in the downtown area which is unrealistic. He said Mrs. Robinson will get want she wants, noting she was on Council when the City Manager was hired. Mayor Hill warned him again not to single out a resident. Mr. Gilliams said the records show this is a political favor and Ms. Coy called a point of order. Mr. Gilliams said the March 29th FDOT letter stated a study was done. Mayor Hill said the speed limit is set by FDOT and they sent a letter stating they would do another study once the stamped asphalt is done. Ms. Coy cited the letter and said she believed there are other traffic calming devices that could assist with safety of that particular area and she didn't even want to park on US1. 4 Regular City Council Meeting August 10, 2011 Page Five Mayor Hill said they are going through an entire revitalization of the riverfront district and the issue brought up by Mr. Wright is being worked on by FDOT and then called for the question. MOTION by Mr. Gillmor and SECOND by Ms. Coy to move staff's approval. Result of the roll call: AYES: All NAYS: None Passed 5 -0. 11. PUBLIC INPUT Joe Coakley, By the River, Inc. described the facility that houses seniors economically for the rest of their lives so they age in place and die with dignity. He encouraged everyone to come to their Nov. 19th Up the River with a Paddle fundraiser. Greg Hepler, 1291 Barber Street, asked if the public could give a rebuttal under new business on a CIP item, was anyone doing anything about mosquito control, and noted that as a volunteer P & Z Commissioner, people approach him about their encounters with the Community Development Department where they sense aggravation when they come in to improve or start a new business and asked if anything could be done. He also said there have been instances where projects come before the P & Z that have already been approved and he did not feel it was fair to the members, who are volunteers, taking time out of their lives to read and study issues that have already been approved. He said he was told that his yard would be left as it was after the quarter round was installed, but it is at such a vertical incline, he can't mow his yard. Mayor Hill suggested he contact staff about his swale. Mr. Hepler said he brought up the quarter round issue at a previous meeting, understands that Council sets policies and they are the ones he should be addressing. Jim Sunnycalb said the dog park anniversary celebration was extremely successful and positive, bringing in new visitors along with many existing dog owners, and hoped one day the park would be the best in the United States. Damien Gilliams, 1623 US Hwy 1, said the pavilion could go to the dog park; thanked the PD for its Citizens' Academy, cited a call from a local business owner who visited the Chamber of Commerce to inquire about need for a business' permit for Light Up Your Grill Night and the Chamber asked if Damien and Joe sent her. He noted that at one time his business was shut down because he did not have a temporary use permit and asked why we aren't all playing by the same rules by operating without temporary use permits or food safety permits. He suggested Council make Mr. Bergstrom earn his commission and provide other health plans to look at; and recommended we allow golf carts on US 1 to calm traffic. He asked the Mayor to treat everyone equally, not to fear a debate and he hoped to see more people look the Mayor in the eye. Mayor Hill called for a break at 8:17 p.m. and reconvened the meeting at 8:27 p.m. All members were present. 5 Regular City Council Meeting August 10, 2011 Page Six 12. NEW BUSINESS A. Update — FY12 Capital Improvements Program The City Manager said this is the normal trek into capital improvement projects, said the Recreation Committee, and Planning and Zoning Commission have reviewed this and the Budget Advisory Board will review it next week so it is a living document that is by no means finalized. He handed out the GFO formatted sheets, gave a PowerPoint presentation on the proposed improvements (see attached), and requested feedback. Greg Hepler, 1291 Barber Street, said the first time he came up to the podium he wanted to ask questions, and felt as a taxpayer /business owner he had the right to talk to Council, not be belittled or have the buck passed to someone else. He said he sits on P & Z as a volunteer going over plans' improvements and budgets and asked for due diligence in spending $500,000 on a piece of plastic (1/4 round) in the ground that comes out to $3M over six years when there are other things that need more improvement. He said there are good things in the budget, but Council should give people a chance to talk, noting there are people who want to approach Council but are afraid to. Mr. Gillmor called for a point of order. Mr. Hepler said a little decency could go a long way. Damien Gilliams, 1623 US Hwy 1, said the City Manager did a good job with all the funds but there is an opportunity to double up on SBA funding using CRA money and he didn't see any proposal in the CIP, expanding businesses would create jobs, people would pay mortgages and we could get the tax revenue. He asked that the City Manager to figure out how to get something from the SBA. Mr. Gilliams said we should stop subsidizing special events, they have enough money to pay their own advertising and security, he said if we help the businesses, people won't come down frustrated and upset noting what is happening in London. Ms. Coy commented that there is a need for a senior /youth center and suggested a workshop to come up with ideas as a group. She said if they are going to exclude it from the CIP, they should recognize that as well. Mayor Hill said the School Board is willing to meet which could be part of the discussion. Mr. Gillmor agreed and suggested getting ideas from other cities at the FLC conference. Mr. Wright said the CIP is close to where it needs to be, but in the out years, there are aggressive projects and Council needs to consider where the funding will come from. Mayor Hill said even within the next 12 months, each project needs to come to Council to get approved. Mr. Wolff said Parks and Recreation is sitting on a lot of money and the amount for the ball field is alarming; $26,000 for the green trail signs; and hoped projects could be visited plan by plan. He pointed out the money isn't coming back, so it would be good to figure out what kind of senior /youth center is needed before we go through all the money. He said the City Manager's description of how he plans to fund the Go -Line request proves it is difficult to find $50,000. The City Manager explained we will have to change the way we do business, 75% of our budget is for personnel, and we have the special revenues, keeping the tax burden low but those days are coming to a close. He said he started the union negotiations with the 6 Regular City Council Meeting August 10, 2011 Page Seven primary goal of paying employees fairly but that bar is dropping, so to provide a fair compensation package, we find cuts and in the long term that will have to be mixed with some sort of reasonable tax increase to lower the transfers of capital money. He said when the general fund begins to work more independently, finding $50,000 will be easier. The City Manager said Council sounded happy with the plan but he would like to add the recreation issue and median improvements for CR512 to match the improvements on US1. He said this would come back to them on September 19th B. First Reading Ordinance No. 0 -11 -17 — Fire Arms Regulation — Set Public Hearing for Sept. 7, 2011 (City Attorney Transmittal, 0- 11 -17, Applicable State Laws, Newspaper Article, Magazine Article) AN ORDINANCE OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, DELETING REFERENCES TO DISCHARGING FIREARMS, AMENDING SECTIONS 18 -1 AND 70 -3 OF THE CODE OF ORDINANCES OF THE CITY OF SEBASTIAN, FLORIDA, REPEALING CONFLICTING PROVISIONS; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE. The City Attorney read Ordinance No. 0 -11 -17 by title, and explained these amendments are necessary to comply with new State legislation. He said in section 18 -1 only one word needed to be eliminated and the change in section 70 -3 is an extra surplus provision. He noted the last page of the backup was included in error and he had the state statutes available for their review. The City Attorney agreed with Mayor Hill that the word "or" should be taken out of Section 18 -1 and mentioned the public hearing would take place on September 14th rather than the 7th MOTION by Mr. Gillmor and SECOND by (inaudible) to approve 0 -11 -17 on first reading. Result of the roll call: AYES: All NAYS: None Passed 5 -0. 13. CITY ATTORNEY MATTERS — none 14. CITY MANAGER MATTERS The City Manager wished the City Clerk and her family well. 15. CITY CLERK MATTERS — none 16. CITY COUNCIL MATTERS A. B. C. Mayor Hill — none. Vice Mayor Wright said there are funds available to fix things that are broken in the City; even in these tough economic times they are able to fix most of them, and he wanted to compliment the City Manager because this is a result of good financial planning. Council Member Coy asked if Council agreed to a senior /youth workshop. The City Manager said they should have a workshop after the budget process to have an opportunity to talk to the school board and private enterprises. 7 Regular City Council Meeting August 10, 2011 Page Eight D. Council Member Gillmor suggested each of them come up with plan or program of what they'd like to see for the senior /youth center so they we can put through those on table. E. Council Member Wolff — none. 17. Being no further business, Mayor Hill adjourned the regular meeting at 9:20 p.m. Approved at the August 24, 2011 Regular City Council meeting. Don Wright, Vice Mayor ATTES Sally A. Maio, I C — City C erk 8 c•?i w (/' O¢ 4t x W x ®r® Nut s_ s C5 �l,r X10 00 N. is m m m OO O H '— e H - H H kr H w e9 H i i OO O I— 41 H H e3 H H G .""( 401 y ,,I ' a Cf N N a l i C as — —•--= - to a-~ G N CO M N O J Ol „- u'] -�_ M O O in U O O � mhr d O --� - --e Ol M 0 Ol CO 01 C r . S a' O k t In Ol L0 Qt a. -4 lD Lei O m x Spa A N cV O G. a N rc v A RI to ^ &t to �,. ..k N l0 al N es alaal m a rc a 00 W M .�,., l0 Ol 117 cn r1 O CO Ma� rI Qt a) .c R�. g H a k N m �' N M y to rte` m k co ra"ei 1.6 pu -'fix c'k •( 1/)• t/1- R1 4 ^ O 2 f0 M M (, N x 470 s r Rr f-1 s OS m Ol +I 6 � m 111 �- N m, N e. 01 Lf) J G � Ql � F- N N N ,..4 Z 2 N R Ham: m N Ln O �fi1k g rn rn O N d oO oO 01 N F 56° VICLI In Asa px�.g: _ d" �_ ax f o CLAIMS PER EMPL0YIEE PER MONTH $2,000.00 $1,800.00 $1,600.00 1 I $1,400.00 $1,200.00 $1,000.00 $800.00 I' \i/N, .. $600.00 $400.00 $200.00 Ah A6 .06 .01 0� .O� A� A9 09 09 .09 .',0 .10 ,,,,,is. 0z •at Pvw Nam ��t� �o4 PQt SeQ lea w� fie' �a� 0 $' G HRII 'G GROUP 5 C ATASTROPHIC CLAIMS (12-MONTHS) • 14 Individuals • $2,253,044 in billed claims Claim Payment Range Claimants h! ; I t',� 7 rii; E 1 $ 4' q ;qlrt x. 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'. , §0:1'. ,,, " .2-i7,4•i !iii: •�fL .. ,,rW:t`,i ?` iel4t ...ft. -i 'ffi' ..'-§:: $200,000+ 2 • 7% of total membership has generated 64% of total claims for prior 12-months (April 2010 — March 2011) EHRING GROU ' 6 REN EWAL Initial Increase from BlueCross BlueShield • 31% Overall Increase or $330,241 Negotiated Increase from BlueCross BlueShield of Florida • 20% Overall Increase or $221,186 • Savings of $109,0.5.5 from initial renewal GEHRING4 ROUP 8 RENEWAL RECOMMENDATION Transition to BlueCross Blue Shield High Deductible Health Plan with Health Reimbursement Account (HRA) • 2% Overall Increase in premium • Adding HRA Funding results in a maximum increase of 13% or $146,112 • If I-IRA funding is not 100% utilized; funds will be returned to the City to offset future health care cost increases Transition to BlueCross Blue Shield from Humana for Vision Coverage • Integrated with Medical Renewal in order to receive cost savings • 21% Decrease in premium saving $3,400 per year GEH.RG;GOUP 9 !.A CO to bA O O 0) a 1 L CO E ° w L Q � � p _ p E O ct (4ri ▪ •Ct) > c 11▪ ) 4) E m - • ' lit Vf N L V` 3 �= N CO (13 7 0) c CO CD O o ', N o C CO HEALTH REIMBURSEMENT ACCOUNT How does the HRA work? • Copays for all services will be eliminated. • Employees & dependents will have to satisfy their deductible ($1,500 Single / $3,000 Family) prior to insurance paying • After satisfying the deductible employees & dependents pay 10% of the negotiated rate to an annual maximum of $3,000 Single and $6,000 Family • The deductibles will offset by the City funding % of the deductible ($750 Single / $1,500 Family) • Employees have the option to contribute additional funds to offset deductible and /or other qualified expenses in a flexible spending account -- -- GEHfflNG JGI OUP 10 �� fanrtsyir.Mx_ yeisv'Ices O O N - cm CU c _ L.f� .) 4 -0 O cu 0 O C Q cn CU U (n O C .Q _ Qu Q) M O co 4-- s- 0) a) y_ 0 .� O • E -c3 E - Q t/f an U J .F., c >. +�+ O _O 0 N = 03 N 0 s W C 0 03 SI 4 O v N ' — O cn � LA :,7, O U O _ _ 0 ��' ■ 7 o ago a IA- E U L- M `n p` co = G • LL 0 N v) N > ?, > O O O O Q. hA O Ln Q 0 w u) < +.; H w HEALTH: REIMBURSEMENT ACCOUNT How does the HRA work? • Intended to encourage consumerism and engagement • Single employees would have to incur $16,500 in claims in order to hit the annual maximum of $3,000 • Employees with family coverage would have to incur $33,000 in claims in order to hit the annual maximum of $6,000 _ _ GEHRING„GROUP 11 co CD Ce co cu o ig co CD Ti a--+ w O � N .ni O U t1A cTi O U a) N W 4--+ Q C .0 ate--+ o O w. c CU 0 cu d W a U U co a O .0 :6 a) 7 i = To 0 °' Li- '> v ° c , V) U a- aw, E v 3 O U � � L o Q) U L O .� co CO o a c .� 4- aJ, a) v m •— co illil +, 0. L a) - L C a) a) x y CO > = . j. . ' Q a) t O co Jr n x — CL - W 0 -° CD aJ -a2 , E CO 0 co 9a"' c L O 73 a - . >. co. „, cow oL -Q . i ' . --sio •6 'O O te -y O 4-+ 2. a -a a e , ,U c •c _C C +- E c 0 a- ) .1.1..1.1..; a) p -a CI) ) E' o o a c v a CL) 0) CD, _c L al t in a) O p N co LC /) a•' v y- O }_ E 0 v a) M h+M O 4, s N . co . , L L5C O+ • 1 N rt.• O>- *_ x c -E a p U - co +, _ '_ � 0 1- a) a) L G �, a) 0/ s M� 0 C p ro �= 3 c m c N o ° (7), -a N O •*' 'c� a; c GC = co > +, 4-, a� 4 T E a5 -E c cu O N •� co N a) Q CL L 4'. O coo } tea) f0 4-1 O C E E Q E 4 V +" N O Q +"C.' 0 N •c6 -a O a) .n c -6 a) - 0 '� c a) 0- 0 ,E °• 0 in a)' .co no ..c. c 0 c O > x a) c cn 0- � W co co +, LU W; , < L W .,.., 0 T e-i N M z r HEALTH REIMBURSEMENT ACCOUNT How does the HRA work (Example 1- Employee Coverage) Out of Pocket Expenses BCBSFL Sample Discounted Rates 1 Primary Care Office Visit ($40 /visit) $40 1 Specialist Office Visit ($250 /visit) $250 1 Preferred Rx per month (12 x $40 /month) 480 Total Cost $770 Annual HRA Account Contribution $750 HRA Reimbursement $750 Member Out of Pocket Expense $20 GEHRING AGROU ' 14 .._.. _. _.._._..__ �■ P.NiYlf 916HA- 9EN4'lik7 !- 4 HEALTH REIMBURSEMENT ACCOUNT How does. the HRA work (Example 2 Family Coverage) • Out of Pocket Expenses BCBSFL Sample Discounted Rates 6 Primary Care Office Visits ($40 /visit) $240 2 Specialist Office Visits ($250 /visit) $500 3 Urgent Care Visits ($150 /visit) $450 3 Generic Rx per month (12 x $10 /month) $360 Total Cost $1,550 Annual HRA Account Contribution $1,500 HRA Reimbursement $1,500 Member Out of Pocket Expense $50 GEHR NG AGRQUP 15 H z 0 v z z W w How does the FSA work? a) N cu o V a) Q ._ X X d) (0 N sid2 -0 • O 4A 4— .� O 4— O O O >, '471 O O Q. E 0 a) a) 4-' c/f 4-1 o v O O a) to "Cl CU O O Q, 0- V X E W I- CT oti +a > O N V ( E W s a) a) 0 o a) 4— L Q bO U) W LL . `— CO = O CU �>. N O • • • • • Dependent Care Reimbursement Account CO ate-+ cu c N a) N N N > V.0 .... ) 0 V O' O C Q 7, i a4_ �oL Z>. o .4:-1- cu 0_ 0 L- ... = ,.., CO) im U .34 •� o 14 V fo • oC a; o o �' Zsi. 0 a) t S u o j. V 4— cn N cLi • � 'X � s. ca vi CO U w , :0 . 3 � 0�_c::�°', o = o u >< LL 9 4J O N cl. can N W 1.- = ca fU ,v) j. c 0 p c6 H Q. Q 4A = 0 0 FLEXIBLE S ACCOUNT How does the FSA work' (Dependent Care Reimbursement Account) • This benefit allows an employee to set aside a month from each paycheck for child -care expenses (i.e. after - school care, day care, camp fees) up to a maximum of $5,000 filing single or $2,500 filing jointly. GEHRING +COUP 18 _ ________._ �■ nN.alYYIGNFS yiN V'IC E4 0 U () -C N .1 1 hA 4-+ ▪ m ▪ 4) N U > we c �l CO " a1 O CO CD • c3" tn • ©;. W W 0 co V co d3 co M1• � O Q a, 0 0 - 4) -3 C E 'sue ° ' a ) 0 °' .°i 2 — J); (Ts 4-0 Q E Q 12 O C ca X W 1►I I I i i T M ►y _� e i i i i it out FSA Accoun 0 m z 1 N G) c x W 0) (0 0 0 tD ri 0 0 DJ x w _In2'itn() 0 �▪ , c .c _c3� LU u_ N Q 4-+ a w _ CITY OF SEBASTIAN, FLORIDA 2011 /2012 ANNUAL BUDGET • Local Option Gas Taxes FDOT Lighting Agreement Paving Loan Proceeds Investment Income Local Option Gas Tax Fund Revenues TOTAL Debt Payment Operating Costs (Street Lights,etc.) R/R Crossing Maintenance Transfer to General Fund Go -Line Grant Match Financing Costs Street Repaving (Paving Loan) Street Repaving TOTAL Debt Payment Operating Costs (Street Lights,etc.) R/R Crossing Maintenance Transfer to General Fund Go -Line Grant Match TOTAL Debt Payment Operating Costs (Street Lights,etc.) R/R Crossing Maintenance Transfer to General Fund Go -Line Grant Match TOTAL alDebt Payment Operating Costs (Street Lights,etc.) R/R Crossing Maintenance Transfer to General Fund TOTAL Debt Payment Operating Costs (Street Lights) R/R Crossing Maintenance Transfer to General Fund TOTAL Debt Payment Operating Costs (Street Lights) R/R Crossing Maintenance Transfer to General Fund TOTAL Debt Payment Operating Costs (Street Lights) R/R Crossing Maintenance Transfer to General Fund Street Repaving TOTAL Debt Payment Operating Costs (Street Lights) R/R Crossing Maintenance Transfer to General Fund Street Repaving TOTAL BEGINNING FUND BALANCE BUDGET REQUIREMENT - 15% OF EXPENSES UNRESTRICTED RESERVE BALANCE TOTAL REVENUES TOTAL EXPENDITURES +DEBT +TRANSFERS ENDING FUND BALANCE • SCHEDULE EIGHT LOCAL OPTION GAS TAX FUND PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 $ 595,746 $ 585,900 $. 585,900 $ 597,618 $ 609,570 $ 621,762 $ 634,197 $ 646,881 18,559 9,353 9,353 9,353 9,353 9,353 9,353 9,353 2,462,000 0 0 0 0 0 0 0 4,287 3,000 3,000 2,434 2,366 2,663 3,334 3,387 $ 3,080,592 $ 598,253 $ 598,253 $ 609,405 $ 621,289 $ 633,777 $ 646,884 $ 659,621 1,256,960 202,193 41,231 175,000 50,000 31,100 14,032 1,161,836 0 81,219 1,770,516 $ 82,579 70,264 $ 12,315 3,080,592 1,770,516 $ 1,322,391 264,463 203,000 4,719 175,000 50,000 1,940,237 $ 1,392,655 64,200 $ 1,328,455 598,253 1,940,237 $ (13,529) 265,792 203,000 4,719 175,000 50,000 698,511 $ 50,671 56,700 $ (6,029) 598,253 698,511 $ (106,287) 204 264,335 203,000 4,719 150,000 622,054 $ (49,587) 52,950 $ (102,537) 609,405 622,054 $ (115,187) 264,855 203,000 4,719 125,000 597,574 $ (62,237) 49,200 $ (111,437) 621,289 597,574 $ (87,722) 265,049 203,000 4,719 100,000 572,768 $ (38,522) $ 45,450 $ (83,972) $ 633,777 572,768 $ (22,962) $ 265,073 203,000 4,719 75,000 100,000 647,792 22,488 41,700 (19,212) 646,884 647,792 (20,121) 264,461 200,000 4,719 50,000 150,000 669,180 $ 21,579 37,500 $ (15,921) 659,621 669,180 $ (25,480) CITY OF SEBASTIAN, FLORIDA 2011 /2012 ANNUAL BUDGET! • DST Revenue Principal from $285,000 Airport Advance Interest from $285,000 Airport Advance Principal from $290,000 Airport Advance Investment Income DST PROJECT REVENUE Retum on Blossom Ditch Potomac Road Crossing City Hall Debt (Retires 2018) Police Cars 1/4 Round Swale Improvement TOTAL FY 10 City Hall Debt (Retires 2018) Police Cars Powerline Road MIS Equipment for Broadcasting Phone System 512 Corridor Stormwater Master Plan 1/4 Round Swale Improvement Airport Advance for Grant Matching TOTAL FY 11 City Hall Debt (Retires 2018) Police Cars Building Painting Fleet Maintenance Equipment 410 US #1 Improvements Enhancements to Presidential Streets 1/4 Round Swale Improvement TOTAL FY 12 City Hall Debt (Retires 2018) Police Cars Pipe Sliplining (Martin) Parking Improvements Share 1/4 Round Swale Improvement TOTAL FY 13 City Hall Debt (Retires 2018) Police Cars /Boat 512 Median Landscaping 1/4 Round Swale Improvement TOTAL FY 14 City Hall Debt (Retires 2018) Police Cars Barber Street Field Lights Barber Street Bridge Repairs 1/4 Round Swale Improvement TOTAL FY 15 City Hall Debt (Retires 2018) Police Cars Road Crossings /Sideyard Pipes Stormwater Pond Installation 1/4 Round Swale Improvement TOTAL FY 16 City Hall Debt (Retires 2018) Police Cars Road Crossings /Sideyard Pipes Schumann 8 Barber Intersection 1/4 Round Swale Improvement TOTAL FY 17 BEGINNING FUND BALANCE BUDGET RESERVE - 10% OF EXPENSES RESERVE FOR ADVANCE TO AIRPORT UNRESTRICTED RESERVE BALANCE TOTAL REVENUES TOTAL EXPENDITURES +DEBT +TRANSFERS ENDING FUND BALANCE SCHEDULE EIGHT DISCRETIONARY SALES TAX FUND (DST) PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 1 p -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 $ 2,328,150 $ 2,356,000 $ 2,356,000 $ 2,414,900 $ 2,475,273 $ 2,537,154 $ 2,600,583 $ 2,665,598 0 0 0 0 600 624 624 624 8550 8,550 8,550 8,550 11,400 11,376 11,376 11,376 0 0 0 0 0 0 0 900 16,915 15,600 15,600 24,354 25,924 28,432 28,571 29,660 $ 2,353,615 $ 2,380,150 $ 2,380,150 $ 2,447,804 $ 2,513,197 $ 2,577,586 $ 2,641,154 $ 2,708,158 (581,095) 34,510 18,091 1,162,586 181,838 29,610 1,135,358 $ 1,933,197 $ 958,676 193,320 285,000 $ 480,356 2,353,615 1,933,197 $ 900,774 984,268 276,500 217,408 75,000 60,000 9,195 50,000 493,580 29p,000 $ 2,503,652 $ 1,379,094 250,365 285,000 $ 843,729 2,380,150 2,503,652 $ 720,227 997,391 185,000 75,000 23,000 300,000 310,000 500,000 $ 2,390,391 $ 1,255,592 239,039 575,000 $ 441,553 2,380,150 2,390,391 $ 431,312 205 994,621 250,000 80,000 500,000 500,000 $ 2,324,621 $ 1,245,351 232,462 575,000 $ 437,889 2,447,804 2,324,621 $ 561,073 995,116 300,000 500,000 500,000 $ 2,295,116 $ 1,368,535 229,512 575.000 $ 564,023 2,513,197 2,295,116 $ 782,104 995,944 300,000 300,000 500,000 500,000 $ 2,595,944 $ 1,586,615 259,594 574,400 $ 752,621 2,577,586 2,595,944 $ 734,263 1,013,962 300,000 250,000 500,000 500,000 $ 2,563,962 $ 1,568,258 256,396 573,776 $ 738,086 2,641,154 2,563,962 $ 815,277 1,011,560 300,000 250,000 1,500,000 500,000 $ 3,561,560 $ 1,645,449 356,156 573,152 $ 716,141 2,708,158 3,561,580 $ (137,261) CITY OF SEBASTIAN, FLORIDA 2011 /2012 ANNUAL BUDGET SCHEDULE EIGHT RECREATION IMPACT FEE FUNDS PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 Recreation Impact Fees $ 26,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 $ 20,000 Investment Income 12,256 8,500 8,500 8,707 5,068 2,820 2,005 2,665 PROJECTED REVENUE $ 38,256 $ 28,500 $ 28,500 $ 28,707 $ 25,068 $ 22,820 $ 22,005 $ 22,665 Schumann Park 12,350 61,807 Barber Street Fence 1,705 Barber Street Special Needs (25,000) Skate Park Office 16,288 32,594 Splash Park Canopy - 20,802 Hardee Park - 35,705 Bark Park 1,569 Engler Park 5,405 Main Street (39) Airport Park 7,021 TOTAL FY 10 19,299 Barber Street Field Expansion 173,660 Easy Street Path Lights 63,000 Riverview Park Pavillion 50,000 Riverview Park Irrigation and Fountains 25,000 Bark Park Amenities 75,000 Riverview Park Street Parking 100,000 Powerline Road 61,000 Periwinkle Park (489) TOTAL FY 11 698,079 Mooring Fields 15,000 Blueway /Signage Improvements 25,000 Barber Street Baseball Field Drainage 50,000 Barber Street Bleacher Shields 50,000 Creative Playground Improvements 30,000 Handicap Pier - Yacht Club 15,000 TOTAL FY 12 185,000 alBarber Street Multi -use Field Lights 150,000 TOTAL FY 13 150,000 Barber Street Equipment Building 100,000 TOTAL FY 14 100,000 Azine Terrace Park 50,000 TOTAL FY 15 50,000 TOTAL FY 16 0 TOTAL FY 17 0 BEGINNING FUND BALANCE $ 1,087,353 $ 1,106,310 $ 436,731 $ 280,231 $ 158,938 $ 84,006 $ 56,826 $ 78,831 TOTAL REVENUES 38,256 28,500 28,500 28,707 25,068 22,820 22,005 22,665 TOTAL EXPENDITURES +DEBT +TRANSFERS 19,299 698,079 185,000 150,000 100,000 50,000 0 0 ENDING FUND BALANCE $ 1,106,310 $ 436,731 $ 280,231 $ 158,938 $ 84,006 $ 56,826 $ 78,831 $ 101,496 FY 09 -10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 BEGINNING FUND BALANCE: Zone A 206,698 203,222 44,629 5,247 (26,090) (45,922) (41,463) (36,926) Zone B 53,948 60,323 24,636 24,266 24,520 25,302 (22,849) (22,655) Zone C 96,081 96,804 (12,306) (13,396) (14,312) (14,768) (14,264) (13,767) Zone D 730,626 745,962 379,772 264,114 174,820 119,394 135,402 152,179 All Zones 1,087,353 1,106,310 436,731 280,231 158,938 84,006 56,826 78,831 Recreation Impact Fees Zone A 7,800 6,000 6,000 6,000 6,000 6,000 6,000 6,000 Zone B 1,300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Zone C 1,300 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Zone D 15,600 12,000 12,000 12,000 12,000 12,000 12,000 12,000 All Zones 26,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 Investment Income Zone A 2,470 1,561 869 163 (832) (1,542) (1,463) (1,248) Zone B 549 463 479 754 782 849 (806) (766) Zone C 1,072 744 (240) (416) (456) (496) (503) (465) Zone D 8,165 5,731 7,391 8,206 5,575 4,008 4,777 5,145 All Zones 12,256 8,500 8,500 8,707 5,068 2,820 2,005 2,665 Transfers: Zone A 13,746 166,154 46,250 37,500 25,000 - Zone B (4,526) 37,150 1,850 1,500 1,000 50,000 - Zone C 1,649 110,854 1,850 1,500 1,000 - Zone D 8,430 383,921 135,050 109,500 73,000 - All Zones 19,298 698,079 185,000 150,000 100,000 50,000 Ending Balances: ZoneA 203,222 44,629 5,247 (26,090) (45,922) (41,463) (36,926) (32,174) Zone B 60,323 24,636 24,266 24,520 25,302 (22,849) (22,655) (22,421) Zone C 96,804 (12,306) (13,396) (14,312) (14,768) (14,264) (13,767) (13,233) Zone D 745,962 379,772 264,114 174,820 119,394 135,402 152,179 169,324 All Zones 1,106,310 436,731 280,231 158,938 84,006 56,826 78,831 101,496 206 • CITY OF SEBASTIAN, FLORIDA 2011 /2012 ANNUAL BUDGET SCHEDULE EIGHT RIVERFRONT CRA FUND PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14.15 FY 15.16 FY 16 -17 Tax Increment from City $ 223,426 $ 153,900 $ 137,279 $ 130,415 $ 130,415 $ 134,327 $ 138,357 $ 142,508 Tax Increment from County 206,304 143,720 128,198 121,788 121,788 125,442 129,205 133,081 Rents 3,781 Investment Income 3,055 4,650 4,650 3,937 3,740 3,740 3,852 3,968 SW PROJECTED REVENUE 436,566 302,270 270,127 256,140 255,943 263,509 271,414 279,557 Operating Expenditures 40,586 Kioski 4,024 Facade /Sign Improvement Program 15,370 Bill Boards or Uniform Signage 15,600 Special Events 34,395 Design of Gateway Concept 2,000 CRA Master Plan 6,433 Design of CavCorp 11,716 Flag Pole 2,377 Yacht Club Finger Piers 7,452 Transfer to General Fund for Quality Maintenance 60,000 Match on Waterfront Grant 535,119 Renovations on Waterfront Properties 3,541 TOTAL RIVERFRONT CRA FY10 738,613 Operating Expenditures 52,954 Facade /Sign Improvement Program 30,000 Special Events 36,468 Transfer to General Fund for Quality Maintenance 60,000 Bill Boards 15,000 Parking Study 27,405 Design of Enhancements to Presidential Streets 13,500 Waterfront Renovations 250,000 TOTAL RIVERFRONT CRA FY11 485,327 Operating Expenditures 53,954 Facade/Sign Improvement Program 20,000 Special Events 36,468 Gateway Enhancements 25,000 Parking Improvement Engineering 75,000 Transfer to General Fund for Quality Maintenance 60,000 TOTAL RIVERFRONT CRA FY12 270,422 Operating Expenditures 53,954 Facade /Sign Improvement Program 20,000 Special Events 36,468 Transfer to General Fund for Quality Maintenance 60,000 Parking Improvements Share 250,000 TOTAL RIVERFRONT CRA FY13 420,422 Operating Expenditures 53,954 Facade /Sign Improvement Program 30,000 Special Events 36,468 Transfer to General Fund for Quality Maintenance 60,000 TOTAL RIVERFRONT CRA FY14 180,422 Operating Expenditures 53,954 Facade /Sign Improvement Program 30,000 Special Events 36,468 Transfer to General Fund for Quality Maintenance 60,000 TOTAL RIVERFRONT CRA FY15 180,422 Operating Expenditures Facade /Sign Improvement Program Special Events Transfer to General Fund for Quality Maintenance TOTAL RIVERFRONT CRA FY16 Operating Expenditures Facade/Sign Improvement Program Special Events Transfer to General Fund for Quality Maintenance TOTAL RIVERFRONT CRA FY17 53,954 30,000 36,468 60,000 180,422 53,954 30,000 36,468 60,000 180,422 BEGINNING FUND BALANCE $ 984,638 $ 682,591 $ 499,534 $ 499,239 $ 334,957 $ 410,478 $ • 493,565 $ 584,558 ANNUAL REVENUES 436,566 302,270 270,127 256,140 255,943 263,509 271,414 279,557 ANNUAL EXPENDITURES 738,613 485,327 270,422 420,422 180,422 180,422 180,422 180,422 ENDING FUND BALANCE $ 682,591 $ 499,534 $ 499,239 $ 334,957 $ 410,478 $ 493,565 $ 584,558 $ 683,693 207 • CITY OF SEBASTIAN, FLORIDA 2011/2012 ANNUAL BUDGET SCHEDULE EIGHT STORMWATER UTILITY FUND PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09.10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 Stormwater Fees $ 819,859 $ 815,000 $ 815,000 $ 839,450 $ 864,634 $ 890,573 $ 917,290 $ 944,808 Investment Income 38,806 3,450 3,450 3,028 2,708 2,574 2,724 3,119 SW PROJECTED REVENUE 858,665 818,450 818,450 842,478 867,342 893,146 920,014 947,927 Profesional Services 97 Series 2003 Issue (Retires 2022) 476,221 Transfer for Collier Creek and George Street 80,987 Transfer to General Fund for Swale Maintenance 500,000 TOTAL STORMWATER FY10 1,057,305 Profesional Services 100 Series 2003 Issue (Retires 2022) 438,857 Transfer to General Fund for Swale Maintenance 500,000 Excavation Equipment+ 113,797 Backhoe 20,000 Dump Bed 18,000 TOTAL STORMWATER FY11 1,090,754 Profesional Services 100 Series 2003 Issue (Retires 2022) 438,523 Transfer to General Fund for Swale Maintenance 500,000 TOTAL STORMWATER FY12 938,623 Profesional Services 100 40 Series 2003 Issue (Retires 2022) 439,284 Transfer to General Fund for Swale Maintenance 479,000 TOTAL STORMWATER FY13 918,384 • Profesional Services 100 NPDES 5 Year Permit 7,988 Series 2003 Issue (Retires 2022) 440,652 Transfer to General Fund for Swale Maintenance 458,000 TOTAL STORMWATER FY14 906,740 Profesional Services 100 Series 2003 Issue (Retires 2022) 438,866 Transfer to General Fund for Swale Maintenance 437,000 TOTAL STORMWATER FY15 875,966 Profesional Services 100 Series 2003 Issue (Retires 2022) 438,377 Transfer to General Fund for Swale Maintenance 416,000 TOTAL STORMWATER FY16 854,477 Profesional Services Series 2003 Issue (Retires 2022) Transfer to General Fund for Swale Maintenance TOTAL STORMWATER FY17 100 439,980 395,000 835,080 BEGINNING FUND BALANCE $ 787,481 $ 588,841 $ 316,537 $ 196,364 $ 120,459 $ 81,060 $ 98,241 $ 163,777 BUDGET RESERVE - 15% OF EXPENSES 158,596 163,613 140,793 137,758 136,011 131,395 128,172 125,262 UNRESTRICTED RESERVE BALANCE 628,885 425,228 175,744 58,607 (15,552) (50,335) (29,931) 38,515 ANNUAL REVENUES 858,665 818,450 818,450 842,478 867,342 893,146 920,014 947,927 ANNUAL EXPENDITURES 1,057,305 1,090,754 938,623 918,384 906,740 875,966 854,477 835,080 ENDING FUND BALANCE $ 430,245 $ 152,924 $ 55,571 $ (17,299) $ (54,951) $ (33,154) $ 35,606 $ 151,363 208 • CITY OF SEBASTIAN, FLORIDA 2011 /2012 ANNUAL BUDGET Charges for Services Rents Other Revenue Note Proceeds Investment Income PROJECTED REVENUE Operating Costs Debt Service Capital TOTAL FY 10 Operating Costs Capital TOTAL FY 11 Operating Costs Capital TOTAL FY 12 Operating Costs Capital TOTAL FY 13 40 Operating Costs Capital TOTAL FY 14 Operating Costs Capital TOTAL FY 15 Operating Costs Debt Service Clubhouse and Improvements TOTAL FY 16 Operating Costs Debt Service Clubhouse and Improvements Capital TOTAL FY 17 BEGINNING FUND BALANCE TOTAL REVENUES EXPENDITURES +DEBT +TRFS ENDING FUND BALANCE • SCHEDULE EIGHT GOLF COURSE FUND PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 $ 1,297,783 $ 1,269,334 1,271,293 29,744 30,000 30,000 9,107 3,214 4,360 4,921 80 100 $ 1,341,555 $ 1,302,628 $ 1,305,753 1,266,226 321,700 22,500 1,610,426 $ (98,395) $ 1,341,555 1,610,426 $ (367,266) $ 1,215,467 4,699 1,220,166 (367,266) $ 1,302,628 1,220,166 (284,804) $ 1,224,953 27,500 1,252,453 1,271,293 30,000 4,360 237 $ 1,305,890 (284,804) $ 1,305,753 1,252,453 (231,504) $ 209 1,224,953 52,200 1,277,153 1,271,293 30,000 4,360 309 $ 1,305,962 (231,504) $ 1,305,890 1,277,153 (202,767) $ 1,224,953 24,000 1,248,953 1,271,293 1,271,293 1,271,293 30,000 30,000 30,000 4,360 4,360 4,360 2,500,000 452 655 2,420 $ 1,306,105 $ 1,306,308 $ 3,808,073 1,224,953 0 (202,767) $ 1,305,962 1,248,953 (145,758) $ 1,224,953 (145,758) 1,306,105 1,224,953 (64,606) 1,224,953 0 0 1,224,953 $ (64,606) 1,306,308 1,224,953 $ 16,749 1,224,953 0 2,500,000 0 3,724,953 $ 16,749 3,808,073 3,724,953 $ 99,869 • CITY OF SEBASTIAN, FLORIDA 2011/2012 ANNUAL BUDGET SCHEDULE EIGHT AIRPORT FUND PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 10.11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 Net Fuel Sales $ 19,113 $ 20,290 $ 25,600 $ 26,240 $ 26,896 $ 26,896 $ 27,568 $ 27,568 Non - taxable Rents 391 391 391 391 391 391 391 391 Golf Course Rents 135,000 135,000 135,000 135,000 135,000 135,000 135,000 135,000 Taxable Rents 168,710 170,787 195,200 200,080 205,082 205,082 210,209 210,209 Other Revenue 75,912 69,470 68,000 68,000 68,000 68,000 68,000 68,000 DST Grant Matching Advances 290,000 - - - Investment Income (165) 20 50 71 79 87 96 106 PROJECTED REVENUE $ 398,961 $ 685,958 $ 424,241 $ 429,782 $ 435,448 $ 435,456 $ 441,264 $ 441,275 Operating Costs 386,783 Repayment of DST Fund Advance 8,550 Capital 5,160 Transfer to Construction Fund (1,519) TOTAL FY 10 398,974 Operating Costs 392,536 Repayment of DST Fund Advance 8,550 Transfer to Construction Fund 290,000 TOTAL FY 11 691,086 Operating Costs 399,578 Repayment of DST Fund Advance 17,250 Transfer to Construction Fund 22,500 TOTAL FY 12 439,328 1111 Operating Costs 399,578 Repayment of DST Fund Advance 17,250 Transfer to Construction Fund - TOTAL FY 13 416,828 Operating Costs 399,578 Repayment of DST Fund Advance 20,700 Transfer to Construction Fund TOTAL FY 14 420,278 Operating Costs 399,578 Repayment of DST Fund Advance 20,700 Transfer to Construction Fund - TOTAL FY 15 Operating Costs Repayment of DST Fund Advance Transfer to Construction Fund TOTAL FY 16 420,278 399,578 20,700 420,278 Operating Costs 399,578 Repayment of DST Fund Advance 24,500 Transfer to Construction Fund TOTAL FY 17 424,078 BEGINNING FUND BALANCE $ (51,652) $ (51,665) $ (56,793) $ (71,880) $ (58,926) $ (43,755) $ (28,577) $ (7,591) TOTAL REVENUES 398,961 685,958 424,241 429,782 435,448 435,456 441,264 441,275 EXPENDITURES +DEBT +TRANSFERS 398,974 691,086 439,328 416,828 420,278 420,278 420,278 424,078 ENDING FUND BALANCE $ (51,665) $ (56,793) $ (71,880) $ (58,926) $ (43,755) $ (28,577) $ (7,591) $ 9,606 210 1 • CITY OF SEBASTIAN, FLORIDA 2011/2012 ANNUAL BUDGET SCHEDULE EIGHT BUILDING FUND PROJECTED BALANCES FISCAL YEARS 2012 -2017 FY 09 -10 FY 10 -11 FY 11 -12 FY 12 -13 FY 13 -14 FY 14 -15 FY 15 -16 FY 16 -17 Operating Revenue $ 355,901 $ 371,700 $ 389,150 $ 396,933 $ 404,872 $ 404,872 $ 412,969 $ 412,969 Other Revenue 363 800 800 800 800 800 800 800 Investment Income 10,738 2,400 2,200 1,274 1,253 1,241 1,236 1,240 PROJECTED REVENUE $ 367,002 $ 374,900 $ 392,150 $ 399,007 $ 406,925 $ 406,912 $ 415,005 $ 415,009 Operating Costs TOTAL FY 10 Operating Costs TOTAL FY 11 484,695 484,695 459,954 459,954 Operating Costs 413,059 TOTAL FY 12 413,059 Operating Costs 413,059 TOTAL FY 13 413,059 Operating Costs TOTAL FY 14 Operating Costs TOTAL FY 15 0 Operating Costs TOTAL FY 16 Operating Costs TOTAL FY 17 BEGINNING FUND BALANCE TOTAL REVENUES EXPENDITURES +DEBT +TRANSFERS ENDING FUND BALANCE • 413,059 413,059 413,059 413,059 413,059 413,059 413,059 413,059 $ 636,483 $ 518,790 $ 433,736 $ 412,827 $ 398,775 $ 392,641 $ 386,495 $ 388,441 367,002 374,900 392,150 399,007 406,925 406,912 415,005 415,009 484,695 459,954 413,059 413,059 413,059 413,059 413,059 413,059 $ 518,790 $ 433,736 $ 412,827 $ 398,775 $ 392,641 $ 386,495 $ 388,441 $ 390,391 211