1 / 17

Commission Workshop 3 Budget Presentation

Commission Workshop 3 Budget Presentation. August 20, 2018. Today’s Agenda. Review FY 2018-2019 General Fund Operating Budget Changes from FY 2017-2018 to FY 2018-2019 Budget. Summary of Changes Since Adopted FY 18. Estimated FY19 Revenues increased by $7.9 M

bstewart
Download Presentation

Commission Workshop 3 Budget Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Commission Workshop 3 Budget Presentation August 20, 2018

  2. Today’s Agenda • Review FY 2018-2019 General Fund Operating Budget • Changes from FY 2017-2018 to FY 2018-2019 Budget

  3. Summary of Changes Since Adopted FY 18 • Estimated FY19 Revenues increased by $7.9 M • Estimated FY19 Expenses increased by $11.9 M • The current estimated deficit for FY19 is $4 M

  4. History of Property Taxes

  5. FY 2019 Revenue Budget changes since 7/16 7/16/18 Presentation Current Budget Increase of $1,218,270

  6. FY 2019 Expense Budget changes since 7/16 7/16/18 Presentation Reductions of $(6,885,779) Current Budget

  7. FY 2019 Personnel Services Total Personnel budget increase over FY 2018 Adopted budget is $4,940,817 or 4.2%.

  8. FTE Changes for General Fund

  9. FTE Changes for all other Funds

  10. FY 2019 Expenditures by Department

  11. Major Changes in Revenue Property Taxes net increase of $ 2.7 Million Charges for Services total increase of $ 1.7 Million • $ 0.4 M CRA Administrative Fees • $ 1.2 M Garbage and Trash collections • $ 0.1 M Engineering Services Intergovernmental total increase of $ 2 Million $ 0.7 M Local Government ½ cent Sales Tax $ 0.4 M School District overtime reimbursement $ 0.8 M Utility Department P.I.L.O.T. $ 0.2 M 911 County call taker reimbursements

  12. Major Changes in Revenue Licenses and Permits increased $ 0.4 Million • $ 0.4 M from FPL Franchise Fees Other Taxes decreased ($ 0.9 Million) • ($ 0.8 M) decrease in Utility Taxes from Electricity • ($ 0.1 M) decrease in Certificate of Use Fee • ($ 0.1 M) decrease in Delinquent Tax Interest • $ 0.1 M increase in Utility Taxes from Water Carryforward of Fund Balance increased $ 1.8 Million

  13. Major Changes in Expenditures Personnel Services increased $ 4.9 Million • $ 2.1 M Salaries and wages 3% increases • $ 0.1 M Minimum wage and pay grade changes • ($ 0.6 M) Pay reductions for turnover • $ 2.5 M Police and Fire overtime • $ 0.4 M Police overtime for School District offset by revenue • $ 0.4 M Health Insurance • $ 0.2 M Workers Compensation

  14. Major Changes in Expenditures Materials and Services increased $ 3 Million • $ 1.6 M Contractual Services • $ 1.0 M Fleet Equipment Maintenance • $ 0.2 M Gas and Diesel Fuel • $ 0.2 M Facilities Repair and Maintenance Internal Service Charges increased $ 1.6 Million • $ 1.2 M Information Technology Services • $ 0.4 M General Liability Insurance

  15. Major Changes In Expenditures Capital Outlay decreased ($ 0.5 Million) • replacement equipment purchases were made in FY 2018 with proceeds from the sale of City Hall. Debt Service Charges increased $ 1.2 Million • increases for principal & interest on leased vehicles Transfers to Other Funds decreased ($ 1.3 Million) • ($ 0.1 M) decrease to Waterfront Programing Fund • ($ 0.6 M) decrease to Self Insurance Fund • ($ 0.5 M) decrease to Police & Fire Grant Funds Reserved for Contingency increased $ 3 Million

  16. Remaining Budget Process • 8/27/2018 at 5:00 p.m. – Commission Meeting Final Fire Assessment Rate Resolution & Chronic Nuisance Assessments • 9/13/2018 at 5:01 p.m. – First Public Hearing to Adopt the Tentative Budget and Millage Rate • 9/27/2018 at 5:01 p.m. – Final Public Hearing to Adopt the Proposed Budget and Millage Rate

  17. Next Steps…… • Review comprehensive fee schedule and fee alternatives for additional revenues • Questions?

More Related