Exploring Florida’s Elusive Revenues: Intergovernmental and Special District Revenues
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Exploring Florida’s Elusive Revenues: Intergovernmental and Special District Revenues Robert J. Eger III Florida State University March 21, 2012. LeRoy Collins Institute ~ Carol Weissert , Ph. D., Director FSU Campus ~ 506 W Pensacola Street Tallahassee FL 32306-1601

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Leroy collins institute carol weissert ph d director

Exploring Florida’s Elusive Revenues: Intergovernmental and Special District Revenues Robert J. Eger IIIFlorida State UniversityMarch 21, 2012

LeRoy Collins Institute ~ Carol Weissert, Ph. D., Director

FSU Campus ~ 506 W Pensacola Street Tallahassee FL 32306-1601

850-644-1441 ~ 850-644-1442 fax


Focus of today s presentation
Focus of Today’s Presentation and Special District Revenues

  • Revisiting Intergovernmental Revenues in Florida Counties

  • The Influence of Florida’s Independent Districts’ Revenues


Background
Background and Special District Revenues

  • Major revenue sources for Florida’s counties

    • Not complete unless one remembers that Florida has granted its counties strong home rule powers

  • Home rule powers are different for charter and non-charter counties (extended to each)

    • Ability to locally develop revenue-- absent conflict with general or special laws and the constitution

    • Less what Legislature has taken away from counties’ power


State per capita igr aggregate
State Per Capita IGR Aggregate and Special District Revenues


Irg definitions
IRG Definitions and Special District Revenues

  • State Revenue Sharing – multipurpose (county, public, other)

  • State Grants – specified purpose


Changes in igr from 1995 2009
Changes in IGR from 1995-2009 and Special District Revenues


Take aways
Take- and Special District Revenues Aways

  • No direct link between changes in State IGR and Constitutional Amendments regarding revenue limits on local governments

  • County IGR (shared revenue) has no discernible pattern regarding volatility


Special districts
SPECIAL DISTRICTS and Special District Revenues


Special districts background
Special Districts Background and Special District Revenues

  • Statutory

    • Independent Districts

    • Dependent Districts

      • At least one of the following:

        • Its governing board is the same as the one for a single county or a single municipality

        • Its governing board members are appointed by the governing board of a single county or a single municipality

        • During unexpired terms, its governing board members are subject to removal at will by the governing board of a single county or a single municipality

        • Its budget requires approval through an affirmative vote of the governing board of a single county or a single municipality

        • Its budget can be vetoed by the governing board of a single county or a single municipality


Current financial impact
Current Financial Impact and Special District Revenues

  • Active FY 2009 Districts

    • 616 Dependent

    • 1009 Independent

  • Functions (Categories with 25 or more Districts)

    • Airport/Aviation -27

    • Community Develop – 577

    • Community Redevelop – 201

    • Drainage/Water Control – 91

    • Fire Control and Rescue – 65

    • Health Care/Hospital – 61

    • Housing – 119

    • Library – 32

    • Neighborhood Improvement – 31

    • Soil and Water Conservation – 62

    • Subdivision/Maintenance – 50

    • All Water/Sewer/Water management/Water Supply - 36


Special districts and board member property tax bills
Special Districts and Board Member Property Tax Bills and Special District Revenues

  • Northwest Florida Water Management District

  • Florida Inland Navigation District

  • South Florida Water Management District

  • St. John's River Water Management District

  • Southwest Florida Water Management District

  • West Coast Inland Navigation District

  • Florida Keys Mosquito Control

  • Juvenile Welfare Board of Pinellas Co.


These 8 districts finances 2010
These 8 Districts Finances (2010) and Special District Revenues

Total Assets $8,583,170,525

Total Liabilities 965,088,605

NA-Invested in Capital Assets 6,061,137,595

Net Assets-Restricted 380,154,352

Net Assets-Unrestricted 1,176,789,973

Net Assets-Total 7,618,081,920

Cash/Cash Equivalents-unrestricted 1,322,245,344

Total Debt (non-current liabilities) 706,547,852

Total Revenues 1,174,200,446

Total Expenses 1,214,629,299


Florida publicly traded firms 2010 10 k
Florida Publicly Traded Firms and Special District Revenues (2010 10-k)




Special districts1
Special Districts 10-k)

  • Special districts may have more cash assets than firms of similar size

  • Special Districts are a formidable component of government finance

  • Special Districts are Special since they remove the costs of services from direct government financial statements

  • Special Districts are Special in their ability to be removed from taxpayer “view”