The URL can be used to link to this page

Home My WebLink About08192013 MinutesSEBASTIAN CITY COUNCIL MINUTES FY 2013-2014 BUDGET WORKSHOP/SPECIAL MEETING MONDAY, AUGUST 19, 2013 — 6 P.M. CITY COUNCIL CHAMBERS 1225 MAIN STREET, SEBASTIAN, FLORIDA Mayor McPartlan called the Budget Workshop/Special Meeting to order at 6:00 p.m. 2. The Pledge of Allegiance was recited. 3. ROLL CALL City Council Present: Mayor Bob McPartlan Vice -Mayor Don Wright Council Member Jerome Adams Council Member Andrea Coy Council Member Jim Hill City Staff Present: City Manager, Al Minner City Clerk, Sally Maio Administrative Services Director, Debra Krueger Finance Director, Ken Killgore Chief of Police, Michelle Morris Parks Supervisor, Chris McCarthy MIS Senior Systems Analyst, Barbara Brooke -Reese 4. FY2013/2014 RECOMMENDED BUDGET A. Budget Advisory Board Recommendation — Chairman Herlihy Ed Herlihy, Chairman, Budget Advisory Board, said the board met several times and on July 1 st the City Manager presented the proposed budget, said this year is very close to last year in many respects with some positive exceptions. He said property values have leveled off and valuation is about the same with a small uptick, which also bodes well for next year, and that Sebastian building permits are up and ahead of forecast. Mr. Herlihy said the Budget Board wanted to bring several key areas to Council's attention, including 1) the very important $250K overall MIS systems upgrade, and the need to continue funding in succeeding years to keep us up to date; 2) the issue of Police Department vehicles and the preferred program of two vehicle programs, agreed to by the City's Fleet Manager, Greg Schmidt, to assign a vehicle to each officer because it has been shown that when each officer is assigned his or her own vehicle they take better care of them and the vehicles last longer, than if they use the "hot" system which is using the vehicle during the officer's shift and then turning it over to the next officer; 3) support for elimination of furlough days; 4) small changes in employee benefits package and claims experience better; City Council Budget Workshop/Special Meeting August 19, 2013 Page Two 5) recommendation for the Building Department to start paying back to the general fund the seed money that was given them with projected added revenues; 6) watch the Golf Course as we go into the "season" and see if things improve because we are going to need capital improvements in the future; 7) noted the continued expansion on the east side of the Airport will materially improve the airport and offer business prospects and Mr. Griffin is actively marketing the airport; and 8) strongly urging the Council not to use any of the $4.4M in reserve funds because we may need if for a rainy day. The Mayor and City Council Members thanked Mr. Herlihy and members of the Board for their service. B. Budget Presentation/Overview — City Manager The City Manager thanked the Administrative Services Department, under the direction of Debra Krueger, including Ken Killgore and Nancy Veidt and the department head team who provided good, honest estimates and all employees who work for the City in hard times with no increases and furloughs who made Sebastian proud. He said Council made it clear what they wanted and we have a good team here. He said he was proud to report that the bond rating has gone up on the stormwater to AA, the other bonds remain at AA, and reserve funds are healthy. He then gave a Power Point presentation entitled "Catching the Can'; so named because he believes this year we see the first sign that we catch up to the can we have been kicking down the road for the past several years. (Power Point presentation is attached to these minutes as reference). Overview — Executive Summary — General Fund The City Manager opened with a review of the general fund for FY 14 which is proposed at $9.75M with a budget surplus of $212K and which will probably increase the budget to $9.9M. He exhibited various charts and graphs depicting the percentage of general fund revenues and expenses and expenditure trends with the elimination of furlough days and said operating expenses been kept flat., though capital expenses are still low. New Revenue He showed an anticipated growth in new revenue in the amount of $324,500 from Utility Service taxes, State shared revenue, and a return of business tax revenues to the general fund in the amount of $100K for FY 14 to continue on into future years until paid. General Fund Services The City Manager presented new programs to include new personnel, information technology, operations, and capital purchases. He said Council had provided direction to staff in its negotiations for collective bargaining and staff had created an Employees First Campaign, a formula to share increased revenues with employees on a 50/50 basis which amounts to approximately $195K for personnel COLA, bonuses, etc., but if during negotiations, furloughs are eliminated that number could go as far as $275K if Council agrees. FA City Council Budget Workshop/Special Meeting August 19, 2013 Page Three He then explained the recently completed network assessment which revealed four weaknesses in the City's systems which will be addressed in the FY 14 budget including bandwidth, security, personnel changes, and developing a plan for hardware/software. He said some of the issues have and are currently being addressed such as bandwidth and security issues. He also noted a request for an IT Manager upgrade and an additional IT person. He briefly addressed a proposed $100K increase for the swale/ditch maintenance program, and listed other major capital purchases in the amount of $77.5K. Setting the Ad Valorem Rate The City Manager said assessed value has increased, cited the current millage of 3.7166 mills and the roll forward rate of 3.7398 mills, so this is the first time we see our assessed value greater than last year and still have a roll forward rate. He said State law would allow approval with only a majority vote up to 6.2358 mills which would generate $4.9M. (formula for taxing options as depicted in a PP slide and set out below): $17,185 MAJORITY VOTE. REVENUE $t5.2385 $4,890,017 &,W'CURRE.,ry . r $1,960,777 He said he provided this chart to explain that we are not maxed out in our millage which reflects good fiscal policy, but again recommended the millage remain the same at 3.7166, further explained by charts showing that we may have reached the "bottom" and staying with the current millage would give us a consistent 3% annual growth from 2002 to 2014 and beyond. The City Manager then showed a chart with information requested by Mr. Wright which showed costs for public safety as a percent of valorem taxes, stated the costs for public safety should match 100% of ad valorem revenues, said his position is this chart demonstrates that public safety is where it should be though in the last three years the costs have increased to 160% of ad valorem, and this shows that as we have cut, we have not cut public safety expenses, and in later years as revenues increase it will equal out. Mr. Wright said he was very pleased as Council that we were able to maintain public safety level of service, that we sacrificed in other areas to achieve this and it is important to acknowledge that there are corrections that need to be made, and it is a long term objective to bring it back to 100% of ad valorem while maintaining quality service. He said we need to recapture funds for other City operations and maintenance of City property. 3 City Council Budget Workshop/Special Meeting August 19, 2013 Page Four The City Manager again recommended staying at 3.7166 mills. Future Budget Sustainability The City Manager provided the chart below showing general fund projections at 3% out to FY 22 and said there may or may not be need for a slight increase in taxes by FY 17, with sustained budgets for FY 14, 15 and 16 at 3 %. Mr. Wright asked if we add back the furlough days, will overtime be reduced. The City Manager said there will be a subtle decrease in Police Department overtime, said he had talked to the Chief and Deputy Chief and their argument is that the OT increase from the floating holiday is the issue so one of staff proposals to PBA is to go back and pay back the benefit for the floating holiday. Mr. Wright said he would like to see a portion of the business tax revenues used to fund economic development to bring jobs, noting we tried to create jobs but still struggle with unemployment, and asked how we can allocate that resource. The City Manager said on the positive side we do fund $25K annually for economic development to the airport (later he corrected to $20K), keeping it outside the general fund, and in a perfect world we could use those business tax revenues to increase that amount. Mr. Wright said capital outlay being a small percentage is somewhat of a misnomer because it ignores the stormwater funds which are a constant expenditure in the $500K range each year which comes from a special fund. The City Manager said $500K is transferred from the stormwater special fund to the general fund and that wraps into the $2.3M in general fund operating costs. Mr. Wright said people need to realize we are spending a substantial amount in the area of $500K per year to keep those stormwater programs operating, and that needs to be highlighted. The City Manager said the stormwater fund is about $980K, plus $500K from DST on % round, plus equipment purchased from stormwater fund of about $80K, plus bond monies of about $850K. I! N20141 -2011 N2014 N2015 FY 16 N201T2018 - N2019 N2020.' N2021` N2071 ' N2013 PROJECTED, PROJECTED 1 :PROJECTED PROJECTED . .PROJECTED PROJECTED:. PROJECTED PROJECTED ,PROJECTED "PROJECTED "PROJECTED,` TTEN �. .'PROJECTED . <q -TJ I ".: ( F.b, ) irmlFn.re.y - % % % % %. % _.. .- %.• :. � .^;' , ";'..: Eelimaled Reserve 4,721,898 -; 4,934,±08 4,703201 '4.721,386 4580,920 4,390,455 4334,348 4j3M2M 4,3®JI62 419%5% 4,288,771 4,301,524 .Assess Value i 822,696,904825,100,342- 825,100,342 :: 825700 2 849553,352 875,348,953 901 ,421 928557704 956517,435 985112,958 1,0147,317 MiNage Rate f 37166 f 37166 f 3.7168 f 3.7166 f 3.7166 „ - NAM Taens _ _ 291]254 2978,7411 2,97R,2M :.� .%.9P. AJ5. 31T25fi7 i115f58 3JiS.74R 3774AK 3)ui.939 AfW. 7 4ln til 4,7d.5JM5 Franchise Fees 1,119.000 1,143.000: 1,143.000 '' '1,143,000 1177190 1177,790 1,177190 111251H 1248,987 1386.457 1925,650 1,364,002 Muy Serviea Tea 2,464,700 '., 250Y.0D0 2,907.000 " �2, ,9.00D 2$2110 2.582110 2.502110 2559576 2,739,467 2,821551 2,SM30D 2993,489 s„1e shares Re.enue. 2114 ,870 :: 211505pp. 2.030E00 .23330,BOq. 2.091)24 2.091,724 2.091,774 2154,476 2219,110 ..2165,683 .2,354154 2.124,001 Olne,. Rerenue 771,162 .602,656' 8D2856 : -- ` 002,®%' 602,e3% 802,056 802556 802,0% -415;399 002,856 602956 002,856 002.0$ Inledund Tranefere 565,399 ,; 565538 565G38 - 565,818. 565538 466,399 465,399 415,399 415.099 415,399 415,339 From General Fund Res - TOT GEN FUND REVENUE 5 9,S63.689 S - 9977 34 S 9977 3J 5 9995719. S 10245,355 S 1D,235,135 S 1078!727 f 11019 71 4 11.312.758 S 1151!543 $ 11.925,990 S 12236 72 'Persormsl f -.-2,0.0,931: f 7,355,931 S' 7,%5,931,. S - f - f - S - f - $ - i - f - Fudsugh Termination 270907 270907 Pere -I -TWO f 7,493$46 f ,„73'5,311 f 7.626,838 S. 7pEAM f 741A. 43 f 8,048576 f 8190,343 f 853909 S 8,795125 f 90` ABI $ %3U,di4 f 9$10,779 OPemtione 2185,791 .2,379,893' 2,329893 2,329,003' 2,353,192 2,376,724 2,400,491 2,424,496 2,448,741 2.473128 2,497,961 2,522910 CaPW184352 'Txo%n�%e MoJHlcndnne 79.500 ...:. 79500'. � ' � + 100500 100000 100,000 100,000 IOOD00 loom..100,000 _1CO,0D0 Reduce PD OT(20000) 00.0007. - Eady Retirement (.00007 QD.D TUT GEN FUND EXPS S 9.863.689 S :� 9165.3i4 S 9,9%.231 S" 9996231 S 10267 635 S 10.525,600 f 10.790.83) S 11 3579 4 11.3.131' 4 11.632!70 1 1192891! S 12133,720 REVENUE. EXPENSES S -S '` "`2512/0 S 118,67, 5;.. 512 f 22,280: S 2'.0.46511 6.1071 i -0781 i 1312001 { 117.!671 1 R.82J1 S 12.753 RESERVE REOUIREMENT S 2.959.107 Y +': 2929.597 4 2.998.869 5:. 2.998.869 f 1.080291 S 3.157.001 S 3,2372501 S 3.319.065 S 3,413.190 IS 7,189.693 I S 3578.6U f 3.670.116 PERCENT COVERAGE 1J7.9K - 503K 474% 1, 1 471KI 45.6%1 41.7%1 40.6%1 39.2% 38A» 369%1 36.0%1 352': Mr. Wright asked if we add back the furlough days, will overtime be reduced. The City Manager said there will be a subtle decrease in Police Department overtime, said he had talked to the Chief and Deputy Chief and their argument is that the OT increase from the floating holiday is the issue so one of staff proposals to PBA is to go back and pay back the benefit for the floating holiday. Mr. Wright said he would like to see a portion of the business tax revenues used to fund economic development to bring jobs, noting we tried to create jobs but still struggle with unemployment, and asked how we can allocate that resource. The City Manager said on the positive side we do fund $25K annually for economic development to the airport (later he corrected to $20K), keeping it outside the general fund, and in a perfect world we could use those business tax revenues to increase that amount. Mr. Wright said capital outlay being a small percentage is somewhat of a misnomer because it ignores the stormwater funds which are a constant expenditure in the $500K range each year which comes from a special fund. The City Manager said $500K is transferred from the stormwater special fund to the general fund and that wraps into the $2.3M in general fund operating costs. Mr. Wright said people need to realize we are spending a substantial amount in the area of $500K per year to keep those stormwater programs operating, and that needs to be highlighted. The City Manager said the stormwater fund is about $980K, plus $500K from DST on % round, plus equipment purchased from stormwater fund of about $80K, plus bond monies of about $850K. I! City Council Budget Workshop/Special Meeting August 19, 2013 Page Five Mr. Wright said on the $250K in MIS computer expenditures, we are still waiting for a complete breakdown and the consultants' analysis report. The Administrative Services Director said we will not be receiving anything else from EvolvTec, noting their report was incomplete and their numbers were off by 35 computers, so City staff is putting together the numbers and going directly to Dell to seek pricing. In response to Mr. Wright, she said, as to whether to lease or purchase, staff is looking into whether we can lease servers because of the sensitivity of their hard drive data content. Mr. Wright said computers soon become obsolete and it is critical that we not fall behind the way we have in the past, and that he was waiting to see a report as to what we are spending before we spend it, and how our system can be maintained up to date and never ever fall behind as bad as we were. The City Manager addressed his issues of concern, stating that we got there because of massive cuts to personnel raises and IT, and weakness in IT should not come as a surprise, that each year Council was advised of the weaknesses but we were able to get along with it and keep taxes low, and because the public did not see the problem we concentrated on those things the public could see. He said we had one crash and taxpayers were still getting quality service, but city staff has been dealing with computer issues. He said staff has proposed a plan, we spent $2K to get an assessment report which pinpointed four major areas of concern, and we have a committee and plan in place to start revamping the system, and are looking at a long term CIP plan from the general fund from FY 14 to 17. Mr. Wright said we need to be committed to the plan, and what we have done over the last five years during loss of revenues, as a City Council we decided to spend money on personnel and postponed IT and going forward we shouldn't have to get to a point where we get behind again. Mayor McPartlan said we are starting to catch the can. Mr. Adams asked in regard to the slide on general fund expenses going up if we get rid of furlough days, are they incremental or flat increases. The City Manager responded for FY 14 it is the incremental of $212K or $275K, however we end the furlough days or we collectively agree to that, and what type of COLAs we agree to in FY 15 and out. He referred to the chart previously shown with the incremental jump and the long term chart showing 3% growth to explain further. Mr. Adams asked if the MIS position would be to Director or Manager and the City Manager responded Manager. Mr. Adams reiterated Mr. Wright's statement that we not end up in later years with MIS where we are now, and asked if there will be a spending plan spread out for replacement every five years. The City Manager responded that for the next several years we will struggle with those plans, and what will limit our ability to continue to catch the can will be when we start itemizing our priorities, and though we want to stay on top of IT in FY 15-16 there may be a new problem, COLA increases, roads, capital purchases, recapturing positions we have cut, and we will be back discussing those things. 5 City Council Budget Workshop/Special Meeting August 19, 2013 Page Six Ms. Coy said the City Manager and staff have done a great job, kept Council on track, but we have taken so many staff people away and have promised the Police Chief new officers, and she expressed concern for the loss of an environmental specialist. She asked when the City Manager saw us being able to bring people back into the system, to be able to look into grants, the lagoon, stormwater and said we messed up on a couple of things this year by not having that position. The City Manager said his professional guess is you will be able to do that when growth is substantially above the 3% envelope, maybe FY 16 and 17. Ms. Coy went on to say the lagoon is issue of the day at least on her plate, that we have nobody on staff other than the City Manager to deal with environmental issues, someone who could be out there looking for grant money, that we had good grant writers we had to let go, and noted that she and he had talked about part time staff. The City Manager said in that position he would be hesitant to hire part time, in comparison to other communities in the region, that the City ranks at the bottom at cost per capita, and at the top in quality of life, that we are doing more for less, and to address things that are on the horizon, including capital purchases like IT, road repair, replacing personnel, we have to go back to the millage rate, and the charts show how much the City has saved in taxes, noting Council has essentially left $2M in taxes on the table by keeping the millage low. Mr. Wright said we are still economically in a difficult situation, are considered a poor city in terms of valuation of homes, and unfortunately that ends up with the amount of money that goes to the City, noting ours is one of the lowest tax rates in the State. He said we are all concerned for our residents and wonder where they are going to get the money to pay if we increase taxes. He said it is possible we could get grants from SJRWMD for funds on the lagoon but we need to decide what we are going to spend money on. The City Manager said it is staff's job to work with Council's directive and advise them accordingly and staff has done a good job on that. The City Manager said his guess is the tax rate to get all our wants would be around 4.5 mills, equating to $600K in new revenue for street resurfacing, more positions and MIS upgrades. Mr. Hill said staff and Council have done a fantastic job of providing an exceptional level of service, cutting taxes, and find ourselves in a position most cities would like to be in, and that is directly attributable to Council's vision and staff's ability to take that vision and make it happen, and said let's be careful in saying we are way behind or talk of increasing millage rates. He said he enjoyed hearing the City Manager saying customers did not see a reduction in services when the MIS issue arose, because the customer is the one we are here to serve, we are lowering taxes while increasing level of service. He said we are committing to IT level of services in our FY 14 budget, our work is exceptional and we are sound, congratulated staff on the budget, and said it is not a political decision to pave two roads but rather we made a sound decisions to serve our customers. Ms. Coy said she did not disagree however she was truly concerned about our lagoon, our lifeblood, and if we don't take care of it where will we be, that septic alone will be a huge cost. She agreed we have done a great job and citizens are proud, but they are crying for a dead lagoon and we need to address it, and the day will come when we have to make tough choices and maybe bump up millage so we can do the right thing. 2 City Council Budget Workshop/Special Meeting August 19, 2013 Page Seven Mr. Hill said the lagoon is important to all of them, and City of Sebastian has been in the forefront in spending millions to keep the lagoon clean, and finally the County and others are getting on board. He said we spent millions of dollars over the years, for projects such as the Collier Creek project and we need to wrap our arms around people from the County and State and Federal government to get things done, that perhaps there may someday be a time when we have to bump millage, but our City has been at the forefront. Ms. Coy said we will never be done, and we have done wonderful things, and yes we need to get others involved, but she would like to see an environmental specialist back here to address those things because we can't stop, and maybe grants will come back to pay for those things. Mayor McPartlan said going forward we can look into that, level and quality of service is excellent, maybe other things will come along like the Affordable Health Care Plan that can cost us in the future, but we have a good financial plan in place. Enterprise Funds Golf Course The City Manager said the Golf Course is pretty much status quo, there is a steady revenue trend but we may look at modest increase in fees in FY 14 to go toward CIP, that the trends show strong in season and off a little in the off season and the goals for FY 13-14 are to move forward with cart paths, turf equipment, irrigation and possible IGM green rebuild. Mr. Wright said if the economy improves we may see some increases in future years, but FY 13-14 is pretty well flat and consistent. Airport The City Manager said the Airport Drive East project is going forward, enterprise fund is our economic development generator, cited increased jobs creation, Industrial Drive East, and corrected his comment about economic development funding in the amount of $20K rather than $25K as previously stated. Building Department The City Manager said there are new revenues and a positive growth trend, that a new position is requested. Special Revenues — Capital Improvements Program The City Manager listed proposed projects and forecasts for 1) Discretionary Sales Tax (DST) 2) Local Option Gas Taxes (LOGT), 3) Recreation Impact Fees, 4) Community Redevelopment incremental tax revenue funds, and 5) Stormwater Utility Fund which are all individually detailed in the attached Power Point presentation. Mr. Wright said there was a good argument for seeking County matching funds for the sewer connection program, because when we sold the utility to the County it was agreed we would not collect a utility tax on their system, perhaps because it would have created serious relationship problems, and there is an established number the City may be losing for not getting service taxes which is typical of other utilities operating in the City. 7 City Council Budget Workshop/Special Meeting August 19, 2013 Page Seven C. Department Questions (See Recommended Annual Budqet Document) Mr. Hill said he greatly appreciated the hard work of staff and the Budget committee, said the budget takes into consideration Council concerns, and we are in a great fiscal position and moving in the right direction. Mr. Wright said we already made our decision on the millage rate going forward and echoed Mr. Hill's comments, said the budget has a lot of different aspects and is a positive budget, keeping taxes down, and maintaining quality of life, and this was a terrific presentation and great job by City and Budget Committee. Mr. Adams asked about an idea he had brought to the City Manager about "managerizing" the Golf Course in order to save money, whereby a third party takes over management of the Course with a performance bond put up. Ms. Coy asked if the City would lose control of pricing and Mr. Adams said yes, they would determine pricing and bear all expenses. The City Manager said it would be Greg Gardner and himself who would have to review this but they haven't had the time to really analyze it, and his initial reaction was not favorable for a few reasons, one being the financial structure where the golf course is tied to the lease of the land from the airport which will be there for perpetuity, and the fact that if we go to management we would lose our ability to manage rates and it is very controversial when we raise them though we could put in language to control. Mr. Adams asked if during the off season when there is lower revenue, could staff seek specials or additional tournaments, and the City Manager responded that they have offered specials and it seems to be controversial for annual users who are permanent residents here, and essentially most of the revenues are made during the winter season. Mr. Adams asked how long slip -lining lasts and the City Manager responded generally fifteen to twenty years. 5. PUBLIC COMMENTS None. 6. CITY COUNCIL COMMENTS/DIRECTION 7. Being no further business, Mayor McPartlan thanked the City Manager for a tremendous job, said next year things will be even better and adjourned the Budget Workshop/Special Meeting at 7:43 p.m. the Septemb9f)1, 20 3 Regular Council Meeting. By. / ,2WV 1 ! Bob McPa a , Mayor Attest._ Sally A. Maio, MMC�/City Clerk 8 PROPOSED FY 2014 BUDGET CITY COUNCIL BUDGET WORKSHOP MONDAY, AUGUST 19, 2013 "Catching the Can" It10%9 11 E B-AS..-TtA HOME OF PELICAN ISLAND Prepared By: City Manager and Administrative Services Department OROF PRESENTATION M:v OVERVIEWHOW �PELICAN 1%ANo ➢ General Fund ✓ Executive Summary ✓ New Revenue Growth ✓ General Fund Services ✓ Setting Ad Valorem Tax Levels ✓ Setting Foundation for Quality Service &Sustainability ➢ Enterprise Funds ➢ CIPS EXECUTIVE SUMMARY HOME OF PELICAN ISLAND FY 14 GENERAL FUND Initial Budget Expenses - $9,765,324 Initial Budget Revenue - $9,977,534 Regulatory $345,8 Public Works $3,2625188 - 33% Non - $95,365 Less "Phan Projected FY 13 with $212,210 Available Public Safety $4,090,341 - 42% Administration $1,361,521 - 14% 3fY7F GENERAL FUND Expenditures By CategoryHOW Of , ELICAN I"NO Operating $2,329,893 - 24% Capital $79,500-1% Personnel $7,355,931- 75% $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 GENERAL FUND Expenditures Trends Personnel Elliminate Furloughs Operating Capital OROF HOW of PELICAN I"NO FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 Deferred $281,010 Clothing $26,860-0% F] $39,2' GENERAL FUND Personnel Expenses By Category Health Care Chapter 185 $861,847 - 12% �3fY�7F h �e HOW Of PELICAN I"NV Worker's Comp ]7 -2% Overtime $244,550 - 3% Regular Salaries $5,057,296 - 73% NEWR V NU E HOME OF PELICAN ISLAND Fv Id GOOD NEWS ➢ Revenue Growth — $324.500 ✓Utility Service Taxes - X111,400 L -M OF HOW of PELICAN I"NO ✓State Shared Revenues -$113,100 ✓Return Business Tax - $100,000 Ad Valorem Discussion Coming Later in the Presentation GENERAL FUNDS RVIC S HOME OF PELICAN ISLAND FY 14 NEW PROGRAMS WP ➢Personnel L -M OF ➢ Information Technology Network ➢ Operations ➢ Capital Purchases NEW PROGRAMSSEBAS-TI Adjusting Personnel Wages/Benefits H,E OF pEu,ry ISL-AND ➢ Employees First Campaign ✓ Improve Wages/Benefits Prior to Making Other Expense modifications with New Revenues ➢ Revenue Sharing Approach Formula ✓ ((FY 14 Revenues — FY 13 Adopted Revenues) + (Personnel Savings))/2 ✓ (($9,977,534 — $9,675,113)+($88,838))/2 ✓ Yields $195,629.50 for Personnel and City Modifications ➢ Items to Negotiate During the CBA Process ✓ COLA ✓ Bonuses ✓ End Furloughs (Ending 12 Days - $270,908 or 70% New Revenue to Employees) ✓ Hybrid Wage Improvements Approach ✓ Other Issues as Presented by Bargaining Units/Management NEW PROGRAMS SENT Improving Information Technology HC)ME OF PEuCAN ISLAND ➢ Recent Network Assessment Revealed Four Weaknesses ✓ Bandwidth ✓ Hardware/ Software ✓ Security/ Procedures ✓ Personnel ➢ Weaknesses Already Addressed in FY 14 Budget ✓ Bandwidth — Upgrade to 20 MPBS - $8,500 Annual Increase In Operations ✓ Security Weaknesses Improved ✓ Personnel Changes Made • IT Network Manager Upgrade • New IT System Analyst Position Proposed ✓ Developing a Plan to Address New Hardware/ Software Applications with Allocation Coming From DST Fund NEW PROGRAMS Operating and Capital ➢ Operating Increases ✓ $100,000 Additional for Swale/Ditch Maintenance ➢ Major Capital Purchases ($77,500) ✓ SPD — Taser Upgrades ($5,000) ✓ SPD — Portable Finger Print Scanner ($3,000) ✓ PW — Utility Bed ($6,000) ✓ PW - Pick -Up Truck ($25,000) ✓ Parks — Basketball Goal ($4,000) ✓ Parks — Mower ($12,500) ✓ Facilities - New Floor Community Center ($12,000) ✓ Facilities - Lift Station Pump — Yacht Club ($10,000) 03) k'* SEBAS-T-1 HC)ME OF PELICAN ISLAND SETTING THE AD VALOREM RATE HOME OF PELICAN ISLAND SETTING THE ADVALOREM RATE xing Options HOW of PELICAN I"NO L -M OF FY 13 ASSESSED VALUE FY 14 ASSESSED VALUE $822,696,904 $825,100,342 CURRENT FATE ROLL FORWARD DATE $3.7166 MILLS $3.7398 MILLS CURRENT REVENUE POTENTIAL RE EHUE $2,929,240 $2,946,425 CURRENT - ROLL FORWARD $17,185 MA J 0 RITC VOTE FATE MAJORITY REVENUE $6.2385 $4,890,017 URRENT - M J 0 F ITS' VOTE $1,960,777 :m.r SETTING THE ADVALOREM RATE SEBA5TIAN the Bottom? 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 SETTING THE ADVALOREM RATE Public Safety as a Percent of Ad Valorem Taxes 180.00% 160.00% 140.00% 120.00% 100.00% 80.00% 60.00% 40.00% 20.00% Ln Lf :-W -2 HOW of PELICAN I"NO CURRENT TAX RATE ADJUSTED TAX RATE RECOMMENDED PERCENT 0.00% i I FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 SETTING THE ADVALOREM RATE Staff Recommendation ➢FY 2014 Rate at X3.7166 ➢Set DR -420 at $3.7106 �3fY�7F HOW of PELICAN I"NO FUTURE BUDGET SUSTAINABILITY HOME OF PELICAN ISLAND FUTURE SUSTAINABILITY General Fund Operations Through FY 22 mix IM FY 2013 PROJECTED FY 2014 PROJECTED (FLAT) FY 2014 PROJECTED (End Furloughs) FY 2014 PROJECTED (Roll Forward) FY 2015FY PROJECTED P%) 2016 PROJECTED P%) FY 2017 PROJECTED P%) FY 2018 PROJECTED P%) FY 2019 PROJECTED P%) FY 2020 PROJECTED P%) FY 2021 PROJECTED P%) FY 2022 PROJECTED P%) Estimated Reserve Assess Value 4,721,898 $ 822,696,904 $ 3.7166 2,917,254 4,934,108 825,100,342 $ 3.7166 2,928,240 1,143,000 2,507,000 21030,800 802,856 565,638 - 4,703,201 825,100,342 $ 3.7166 21928,240 11143,000 21507,000 21030,800 802,856 565,638 - F 4,721,386 825,100,342 4,680,920 849,853,352 $ 3.7166 3,025,637 1,177,290 2,582,210 2,091,724 802,856 565;638 - 4,390,455 4,384,348 901,609,421 $ 4.2500 3,665,248 1,177,290 4,340,270 928,657,704 $ 4.2500 3,774,455 1,212,609 4,309,062 956,517,435 -6dw 3,886,939 1,248,987 4,291,595 985,212,958 $ 4.2500 4,002,797 1,286,457 4,286,771 1,014,769,347 $ 4.2500 4,122,131 1,325,050 4,301,524 1,045,212,427 $ 4.2500 4,245,045 1,364,802 875,348,953 $ 3.7166 3,115,656 1,177,290 Milla e Rate 2,946,425 1,143,000 2,507,000 2,030,800 802,856 565,638 - Taxes Franchise Fees 11119,000 Utility Service Tax 21464,700 2,582,210 2,582,210 2,659,676 2,739,467 2,821,651 2,906,300 2,993,489 State Shared Revenue 21114,800 2,091,724 2,091,724 2,154,476 2,219,110 2,285,683 2,354,254 2,424,681 Other Revenue 771,162 802,856 802,856 802,856 802,856 802,856 802,856 802,856 Interfund Transfers 565,399 465,399 465,399 415,399 415,399 415,399 - 415,399 415,399 From General Fund Reserve 8,626 - - - - - - TOT GEN FUND REVENUE $ 9,863,689 $ 9,977,534 $ 9,977,534 $ 9,995,719 $ 10,245,355 $ 10,235,135 $ 10,784,727 $ 11,019,471 $ 11,312,758 $ 11,614,843 $ 11,925,990 $ 12,246,472 Personnel $ 7,493,546 $ 7,355,931 - $ 7,355,931 2,329,893 79,500 $ 95765,324 $ 7,355,931 270,907 $ 7,626,838 2,329,893 79,500 (20,000} {20,000) $ 95996,231 $ 7,355,931 270,907 $ 7,626,838 2,329,693 79,500 (20,000} {20,000) $ 9,996,231 $ - $ 7,814,443 2,353,192 100,000 $ 10,267,635 $ - $ - $ - $ - $ - $ - $ Furlough Termination Personnel - Total $ 8,048,876 $ 8,290,343 $ 8,539,053 $ 8,795,225 $ 9,059,081 $ 9,330;854 $ 9,610,779 Operations 2,185,791 184,352 2,376,724 2,400,491 2,424,496 2,446,741 2,473,228 2,497,961 2,522,940 Ca Ital 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Ex enses Modifications Reduce PD OT Early Retirement $ 10,525,600 TOT GEN FUND EXPS $ 95863,689 $ 10,798,834 $ 11,063,549 $ 11,343,966 $ 11,632,310 $ 11,928,814 $ 12,233,720 REVENUE - EXPENSES $ - $ 212,210 $ 18,697) $ 1512) 2,280 $ 90,465 $ ,107 $ 44,078 $ 31,208 $ 17,467 $ {2,824 $ 12,753 RESERVE REOUIREMENT $ 25959,107 $ 25929,597 $ 25998,869 $ 2,990,069 $ 3,080,291 $ 3,157,680 $ 3,237,250 $ 3,319,065 $ 3,403,190 $ 3,489,693 $ 3,578,644 $ 3,670,116 PERCENT COVERAGE 47.9% 50.5% 47.0% 47.21A 45.6% 41.7% 40.6% 39.2% 38.0°0 36.9%p 36.0% 35.2%p FUTURE SUSTAINABILITY $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 What is the Best Tax Rate? �3fY�7F HOW of Pf UCCA 1"NO - - - GF RESERVE REQUIREMENT CURRENT TAX RATE - - ADJUSTED TAX RATE FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 ENTERPRISE FUNDS It10%9 EBAS-T-t,A14 HOME OF PELICAN ISLAND ENTERPRISE FUNDS Golf Course - FY 14 $1,342,660 ➢Revenue Trend Steady ✓FY 10 - $1,297,411 ✓FY 11 - $13331,672 ✓FY 12 - $1,354,042 ✓FY 13 - $1,353,673 03) k'* SE�T-1 HOME OF PELICAN ISLAND --/May Need to Consider Another Modest Increase for FY 14 ✓Trend Shows Strong Season and Poor Off -Season ✓Fee Increase from FY 13 Not Providing Enough Capital Funds ➢Goals for FY 2013 and FY 2014 ✓Continue Cart Path Replacements (Nearly Complete w/ New Funds) ✓Equipment Purchases for Turf and Irrigation Improvement ✓Planning Capital Projects Meeting w/ IGM ****Green Rebuild - $125,000 ENTERPRISE FUNDS Airport ➢Economic Development Primary Goals ➢Airport Drive East Project ➢Natural Gas Along Roseland Road Una HOW Of Pf LICAN I"NO ➢Economic Development Accomplishments (Total Job Creation 38-55) ✓LoPresti (20) ✓Rud Aero (8-20) ✓Sebastian Aero (3) ✓Nations Air (2) ✓National Aperture (2-6) ✓Industrial Drive East /Phoenix Group (3 ➢ Continue Economic Development Division ($20,000) ENTERPRISE FUNDSSEIII�T-1- Building Department �-v HOME 0F PELICAN ISLAND' ➢New Revenue and Positive Growth Trend ➢Projected Loss For FY 12 ➢Estimate Losses Through FY 2011 •FY 2007 - ($427,275) •FY 2008 - ($212,176) •FY 2009 - ($159,430) •FY 2010 - ($117,693) •FY 2011 - ($58,344) •FY 2012 - $261574 •FY 2013 - $2281574 •FY 2014 - $1055754 ➢FY 14 — Transfer Business Tax Back to General Fund ➢New Position Proposed — Permit Technician BUILDING DEPARTMENT $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 Forecast �3fY OF :_W -2 HOW Of PELICAN I"NO - - - BF RESERVE REQUIREMENT -ENDING FUND BALANCES UPDATED PROJECTION FY 13 PROJECTION FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 BUILDING DEPARTMENT Permit Activity 75 65 55 45 35 25 15 5 L_M OF �e IOW Of UCCA w"NO - - - PERMITS TO BREAKEVEN (7) RESIDENTIAL PERMITS COMMERCIAL PERMITS -y- --------------- _ - ------------- ----------- - - ----- o^�J�. �P r�o��0 ryo ,y0 .10 ,y0 do ry0 ,y0 ,y0 �O ,y0 ry0 ryo ry0 ti0 �O ry0 ry0 ry0 ryo ryo ry0 ry0 do ry0 ryo RO ,ti0 ryo .10 ,y0 �O �O C"', CAPITAL IMPROVEMENT ,Ntkl SE HOME OF PELICAN ISLAND �CIP FUNDS ➢ CIP Funded by Special Revenues 1. Discretionary Sales Tax 2. Motor Fuels Tax (Local Option Gas) 3. Stormwater Utility Fee 4. Impact Fees — Recreation 5. Incremental Property Taxes (CRA) only HOW Of PELICAN I"NO Discretionary Sales Tax It10%9 EBAS-T-t,A14 HOME OF PELICAN ISLAND City Hall Debt Payment ($995,116 —Retires 2018) Qn OF HOW OF PRICAN ISLAND 1/4 - Round Drainage Improvements ($500,000) HOW Of PRICAN I"NO AMC I p Ldm -mm ob L Police Equipment Replacements ($218,000) OF Airport Hangar (2 Year Project) ($175,000) OF New Sidewalk instruction ($100,000) h HOW Of PELICAN I"NO Pipe Sliplining ($80,000) L -M OF U-- - HOW Of PELICAN I"NO Barber Street Realignment — Professional Services ($50,000) caflf �7F HOW Of PELICAN I"NO PROPOSED C s�rr ENTERLXqW, L SGH[1T.rsE, BTTTL43 & S'I'UDDA, L.;E,.V- DST Forecast 285 m$12115�1 Al6rport Advance 01105111 m $2Po fi],511 Airport Ativance city nalaoebt (genres tote) FY 11-12 FY 12-11 FY 13-1] FY 11-15 FY 15-16 FY 15-1] FY 1]-18 FY 18-19 T .- $2,464,240 $2,533,000 $ 2,5 $ 2,6 $ 2,7 $ 2,7 $ 2,8 $ 2, $21,581,881 '24 '49 1 121 021 21 1 12 0 21 10 711 11 12 1 72 0 07 123 ,0741 4,336 LM OF HOW Of PELICAN I"NO Local C ntior Gas Tax It10%9 HOME OF PELICAN ISLAND Street Resurfacing Debt ($242,741) Qn OF HOW OF PRICAN ISLAND Street Resurfacing ($75,000 -Tulip) Qn OF HOW OF PRICAN ISLAND r IL -6r RW 2i molt 44 Sidewalk Repairs L -M OF Qn OF Road Striping Cs 10,000) HOW OF PRICAN ISLAND Railroad Crossing Maintenance ($5,000) HOW Of PELICAN I"NO T.OGT Forecast LN-10 ocal Option Gas Taxes FDOT Lighting Agreement Paving Loan Proceeds IG. -Line Grant Match TOTAL Debt Payment Operating Costs (Street Lights,etc RIR Crosg Maintenanc Street Repaving TOTAL Debt Payment Operating Costs (Street Lights) RIR Crossing Maintenance Indian River Drive Lnht Poles Road Striping Sidewalk Repairs Street Repaving TOTAL Debt Payment Operating Costs (Street Lights) RIR Crossing Maintenance Sidewalk Repairs Street Repaving TOTAL Debt Payment Operating Costs (Street Lights) RIR Crossing Maintenance Sidewalk Repairs Street Repaving TOTAL Debt Payment Operating Cosis (Street Lights) RIR Crossing Ma i me nance Street Repaving TOTAL Debt Payment Operating Cosis (Street Lights) RIR Crossin g. Ma i me nance _ Street Repaving TOTAL Debt Payment - Final FY22-23 Operating Costs (Street Light.) �3f5t�7F HOME Of PELICAN 1"NO Pr' 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Totals $ 550 702 $544800 $544800 $544800 $544800 $544800 $544800 $544800 $4.966.378 9 353 9 474 9.474 9.474 9.474 9.474 9.474 9.474 94,109 2.296 742 0 0 0 0 0 0 _ 0 4.756.742 5,062 2,639 1 ,656 1 ,596 1,621 1,645 1,671 1,697 29,800 $2,861,859 $556,11.3- $555,130 $555,0701 $555,095 $555,1191 $555,145 $555,171 $9,851,029 2 330 742 30,091 189,211 5,103 125 800 50 800 2 730,147 243,076 BUDGET RESERVE - 15.% OF EXPENS UNRESTRICTED RESERVE BALANCE TOTAL REVENUES 1 2,81 TOTAL EXPENDITURES+TRANSFERS 2,T ENDING FUND BALANCE 203.000 EL5,000 5,000 50 880 25 000 75. 000 565,741 242.783 203.000 5,000 25,000 75.000 560.783 242.748 203,000 5,000 2580iL 0 _ 75,000 I 550 748 242,635 203,000 S 800 100.000 550,635 242,445 203,000 S 800 100.000 550,445 _ 243,177 203.00 S 800 100.000 551.177 8 552 $190.274 $ 20.311 $ 9.700 $ 13,91313 $ 18.334' $ 22.818 $ 27 518 $ .5,397 72.450 44.700 42.450 42.45O 46.200 46,200 46.200 3,165 117.824 (24389) (32.750) (28.462) (27.366) (23382) (13.682) 1,859 556,113 555,130 555,070 555,095 555,119 555,145 555,171 Recreation Impact Fee It10%9 HOME OF PELICAN ISLAND 4° �. F-��+� �' i" Community Center Needs Analysis ($10,000) w ONX HOW Of PELICAN I"NO Baseball Field Ratting Cages & Diiorn ($15,000) OF uts _ HOW Of PELICAN I"NO Mooring Field ($15,000) OROF AieI wA�i,'�'. 77*, ?„ ` �► d Recreational Impact Recreation Impact Fees Pelican Isles Escrow Release Investment Income PROJECTED REVENUE Schumann Park Hardee Park Schumann Park Pavillion Riverview Park Irrigation and Foui Bark Park Amenities Riverview Park Electrical Powerline Road Lift Station - River -view Park BluewayJSignage Improvements Barber Street Baseball Field Draii Barber Street Bleacher Shields Community Center Playground E Handicap Pier- Yacht Club TOTAL FY 12 Mooring Fields Dog Park Concrete Pad Creative Playground Improvemen Riverview Park Volleyball Lights Schumann Playground Equipmer Barber Street Multi -use Field Ligh TOTAL FY 13 Community Center Needs Analys Batting Cage Dugouts Concrete F Tennis WallfRaquet Ball Court TCfTAL FY 14 Equipment Building Rebuild Skate Park Ramps TOTAL FY 15 Fee ForecastWW mix Of MICAN 1"NO FY 11=12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 1 FY 16-17 FY 17-18 FY 18-19 ' Totals $ 58,500 $ 72,800 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ _341,300 - - - 146,250 - - - '$ 146,250 4,388 1,900 1,528 1,022 723 973 1,225 1,478 13,237 _ 56,027 (2,568) 57,401 28,340 16.738 10,029 88,522 7,389 16.323 _ 904 _ - 25,000 43,923 86 49,914 nent 25,000 - 15,000 217.854 2,800 15.000 3,000 130,000 20,000 25,000 185.000 585,974 10.000 15.000 50.000 TOTAL FY 16 0 - TOTAL FY 17 0 TOTAL FY 18 0 - TOTAL FY 19 0 BEGINNING FUND BALANCE $ 848,187 $ 693,221 $ 181,947 $ 128,475 $ 85,747 $ 121,470 $ 157,443 $ 193,667 $ 848,187 TOTAL REVENUES 62,888 74.7001 36,528 182,272 35,723 35,973 36,225 36,478 500,787 TOTAL EXPENDITURES 217,854 585,974 90,000 225,000 0 0 0 0 1,118,828 ENDING FUND BALANCE $ 693,221 $ 181,947 $ 128,475 $ 85,747 $ 121,470 $ 157,443 $ 193,667 $ 230,146 $ 230,146 Community Redevelopment Agency 1IVM9 HOME OF PELICAN ISLAND ad 6 %4 ! VA m v , A�l 0 Facade, Sign & Landscape Grant - ($30,000) f N 2 PM FLEE MUSIC NOUVEAUX IIOKKIES f36%j i 14 Y Jerry Smith �. FLOORING I ) Lhri4n Cf„ lar �nyl-L =;�� ORPOF HOW 0f PELICAN ISLAND ow- 011M MAXWELL & SO J6 i } �►1 SISTERS 4% C'kn �•u�l. � . 709 ii all Fal wwo 4 . 1 %4 VA If 4 www.sebastianciambal4c.org AN A I AF WP dW&- %4 ! VA m v , A�l Riverfront Stormwater Plan ($50,000) OROF HOW Of PELICAN I"NO Sewer Connection Grant ($100,000) Taaal Flon4a. OwAoen Ih Mm, iced rstugM nirnpgev�. � � Is taw. �REtaIT-W-A OROF CRA Forecast Tax Increment from Clty ement from County Inge stment Income PROJECTED REVENUE Operating Expenditures Expenses Watertront Rent Credits FayadefSign Improvement Program Special Events _ aliry Maintenan President al RtreetslC oolidge u _ Gateway Enhancements RA CavCorp; nhance mento FY 12 Operating Expenditures F-,- n Im pmtveme nt Progeam Sewer Connection Program Special E f r Quality Mainte _n a__nce TOTAL RIVERFRONTCRRFY13 operating Expenditures Waterfront RenovationefExp_e._n_e_es a 111 Egn rovem a4 Impent Program Rewe a Co on Program Riverfro nt st,Sto,mwater Plan aliryM opemtinRg ExpeRnditures� L�- Waterfront RenovationefExpeneee a4adefSign Improvement Program Sewers Connection Program Tra Hofer t. General Funtl for Quality Maintenance Gpemti nRg E,p,Rnditure� Watertront RenovationslExp_ e FagatlefSign Ismprovement Proge_am Special Event --_---- -__--- Sewer Connection Program Transf to General Fund for Quality Maintenance TOTAL RIVERFRONT CRA FY16 Operating Expentlituree Expenses ua .-li Improvement Program SpeciaIEEvents Traneferto General FVntl for Quality Maintenance T"TALI Ope ati ng Expentlitu re RA FY17 _ Ex Penses agaclefEi nt, vement ro _ Special Events p Traneferto General Fuld for Quality Maintenance TOTAL FRONT CRA FY18 Operating ng t- Expertures Watertront Renovaty, xpenses FayatlefSign Improvement Program Special Events o Geneality Maint TOTAL RNERFRONT CRAPFY'19 BEGINNING FUNS BALANCE ANNUAL REVENUES C_M OF FV 11-12 FY 12-13 FY 13-14 FV 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 TOTRLS $ 1 31,821 $ 145,43] $ 144,856 $ 144.856 $ 144,856 $ 144,856 $ 144.856 $ 144,856 $ 1,300,294 123,248 11,443 120,886 $'120,610 1,892 1,936 $ 120,610 1,930 $ 120,610 $'120,610 1,930 1,930 $ 120,610 1,930 $ '120,610 1,111,514 1,930 20,0]5 268,512 42.059 2 010 2,000 32,903 33 596 0,000 594 268,215 267,402 267,396 26],396 26],396 267,396 26],396 2,460,147 1 88598 1 25,,000 448;638 ]1,5]2- - 25,000 42.468 1 66,666 50,000 71.171 2, 000 26,000 1 0,009 000 448;638 ]1,5]2- - 25,000 42.468 1 66,666 50,000 • ° ]1.5]2 25900 , 000 _8 100,800 60,900 32%040 ]1,5]2 25,000 30,000 411 66,666 60,000 329,040 ]1,5]2 25.000 36,666 0 ]1,5]2 10.000 42,468 60,000 _ a2,4sa 60,909 71.172 25,600 30,000 229,640 2 _22u.04 0 $ 455,869 268,512 $ 4]8,895 268,215 $ 298,4]2 26],402 $ 186,834--$ 26],396 125,196 - $ 63,546 26],396 26],396 3 $ 161,963 26],396 $ 146,259 26],396 $ ]16,966 2,460,14] 2 $ 4 5 $ 2 2 $ 1 4 $ 1 O $ 6 $ 1 3 $ 1 0 $ 1 6 $ 178.616 Stormwater Utility Fund It10%9 HOME OF PELICAN ISLAND Debt Payment MOF h Series 2003 Issue HOW Of Pf MAN I"NO ($441,820 — Retires 2022) Collier Creek Twin Ditch Periwinkle %4 ; v! X " .� --tF- VA , -� .,ZIP IL J1 Vt Equipment Replacement ($93,000) ➢ $34,000 Pickup Truck ➢ $25,000 Pickup Truck MOF �e HOW Of PELICAN I"NO ➢30,000 Shared w/ AP Equipment ➢ $4,000 Generator , a A +P -mg. —' --I Stormwater Forecast STORMWATER UTILITY FUND PROJECTED BAL.1lNCES FISCAL YEARS 2014-2019 L3f5 a HOW Of PELICAN I"NO smrmwater Fees sw PRo..1Er_ ....REVENUE$9-3,94s R t In se Notices 6 quiPm ent 1. T abntsfer to General Fund for Swale Maintenance Profesio al Servicae sER� Debt Sen cea- -----_-- Kup Trnuc Kntenance Equlp ment Trtai lerm e nt Loader ($185,940 less $148,752 Grant) $ -03,9-3 $ 977,7-- 1. $. 977,788$ $9-2.9 977,788 oj4 $ 977.7-- $ 977,7-- a. 977,7-- a. 977.7-- $ 7,64-,499 I 8 348 15,100 448,278 $9-3.921 $9-2.-02 _. -s $ 9-3,06- $9-3,03- $981.921 $7.693,683 -9.674 500,000 37,188 TOTAL STORMiWATER FYI3 Swale M _ __ Debt Serve est-- _ - me 604 KupK14,000 '00 000 $1,885,853 10. 441,728 25.000 Zport Equipment Transfer- General Fund for Swale Malnte na nc e. TOTAL STORNIWATER FIf'14 Debt Serve eSe - mance 21,000 30,000 566,666 $1,859,828 430,020 .000 SWr 111'ic KupK S-06 140,000 Ct-SwfPmps ToGnd owale TTOraTnAsLf SasG Debt Sery cele 4,888 69 _ 10. 439,429 $92854,,06020 a TOTAL STORfN1AWATER PY1Ci wale Maint M aPnq $960:6660 SW -028 1 995 Tandem Dump TOTAL STO_,.1 1ATER. FY17 S Profesl pnal Servlc es lt-Tra.te. Pak "a-lenance 1 40,000 10 000 $080,1 38 188 201.000 Tra OnAsLfn Debt Serve eS eR etires 2822 04,,000 T 1 ,13 10 421,858 mp T ucKnce -0.000 wale Maint Tra nsfer2000 to General Fund for S ena_n ce 256,660 TOTAL STORlr11fJATER PY 1£1 I $991 ,i 58 BEGINNING FUND BALANCE $453 649 $ 167,554 $ 85 646 $ 9 547 $ 8 321 1 $ 38 577 f $ 33 SOT $ 237) $ 453 649 _ _ BUDGET RESERVE - 151 OF EXPENSES _ 164 865 159,846 158 973 147804 143,179 147 921 _(98 167 217 148874 148874 UNRESTRICTED RESERVE BALANCE ANNUAL REVENUES 288,784 813 003 77D8 583,745 (73,327) 583 721 (138 ,OST) 982 802 (134,859) 582 785 (ill ,344) 983 068 (133,71.1) (246,91 D) 583,038 581 721 384,975 z 653 883 ANNUAL EXPENDITURES E N CIING RNN. BALANCE 1 099 S 2 098 689 1 ,065853 $ - 2021 1 059 820984 (149 4251 029 $ (139 284) 954 529 5 f1 O6 6031 986,136 (114 414) _ 1 ,114 782 991 ,158 $ 265 4541 5 256348) 8 255 $ 256 206 348) The End MOF Questions and Answers