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Mayor’s Fiscal Year 2015 Budget Summit #3 June 18, 2014 Willis s. johns community Center

Mayor’s Fiscal Year 2015 Budget Summit #3 June 18, 2014 Willis s. johns community Center. FY15 Budget Summit Topics. Topics to be covered at FY15 Budget Summits First Summit -- What is a budget and why so many funds? Second Summit – What is the impact of using reserves?

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Mayor’s Fiscal Year 2015 Budget Summit #3 June 18, 2014 Willis s. johns community Center

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  1. Mayor’s Fiscal Year 2015 Budget Summit #3 June 18, 2014 Willis s. johns community Center

  2. FY15 Budget Summit Topics Topics to be covered at FY15 Budget Summits • First Summit -- What is a budget and why so many funds? • Second Summit – What is the impact of using reserves? • Third Summit – Understanding the General Fund

  3. FY15 General Fund Budget

  4. FY15 Budget Increased Investments

  5. General Fund Services

  6. Fiscal Year 2014 General Fund Revenue Budget Total $212,143 (000s Omitted)

  7. General Fund Revenue

  8. Fiscal Year 2014 Property Tax Breakdown Pinellas County School District City of St Petersburg Pinellas County Operating All Other 40% 27% 21% 12% • School State Law • School Local BD • Ad Valorem • Police • General Fund • SWFWMD • PPC • JWB • PSTA • Health Department • EMS

  9. Fiscal Year 2014 Ad Valorem Revenues vs. Police Costs

  10. Fiscal Year 2014 General Fund Expenditure By Type $212, 143 (000s Omitted)

  11. General Fund Expense Crosswalk

  12. Fiscal Year 2014 General Fund ExpenditureBudget $212, 143 (000s Omitted)

  13. Conclusion • The General Fund provides the basic services of the city • Providing public safety is the largest investment in the city’s General Fund accounting for 58% • Quality of life type investments in the Leisure Services such as Parks & Recreation and Libraries is the second largest investment in the General Fund at 19%

  14. Conclusion • Based on FY14 Budget approximately 27% of your total property tax bill comes into the city’s General Fund • All property taxes collected in FY14 covers just over 90% of the cost of funding the Police Department • Other revenue sources such as utility taxes and sales taxes make up the balance of the General Fund revenues

  15. Budget Process Update Please remain engaged in the budget process through these upcoming events • July 1 - Mayor submits his Recommended Fiscal Year 2015 Budget to Council • July 24 - Council sets Tentative Millage Rate • September 4 - First Public Hearing • September 18 - Second Public Hearing Thank you for your participation tonight

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