1. Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst

2. Budget Preparation Timeline January  First Quarter Review February  Financial Audit March  Presentation of Annual Progress Report and Citizen Survey Results  Revise 10 Year Infrastructure Plan April  Presentation of the Year to Date Budget  Second Quarter Review  Budget Input Begins for Departments May  Annual Update of the Strategic Action Plan  Fund Accounting Presentation  Long Term Financial Planning Presentation June  Revenue Source Presentation  Property Tax Presentation

3. Budget Preparation Timeline July  General Fund Budget Workshop  Adopt Proposed Maximum Millage Rate  Proprietary Funds Budget Workshop  Third Quarter Review August  Special Revenue & Capital Fund Budget Workshop  Final Proposed Budget Presentation September  Public Hearing to Tentatively Adopt Millage Rate & Budget  Public Hearing to Adopt Final Millage Rate & Budget

4. Total City Revenues Fiscal Year 2014

5. Services Provided through Property Taxes Fiscal Year 2014 $15.2 Million Ad Valorem Taxes

7. Millage Rate History Fiscal YearProperty ValueOperating MillageCapital MillageTotal Millage Ad Valorem Receipts 2002 1,773,378,8653.15000.35003.50000 5,981,827 2003 1,983,740,6283.05000.35003.40000 6,539,567 2004 2,404,239,1113.05000.35003.40000 7,855,523 2005 3,107,581,0902.90000.50003.40000 10,207,899 2006 4,444,854,9282.40001.00003.40000 14,632,296 2007 6,239,994,4892.50000.75003.25000 19,603,806 2008 7,009,877,4212.21230.75002.96234 20,184,340 2009 6,131,965,1692.61230.35002.9623 17,602,781 2010 5,246,998,1873.15000.35003.5000 17,828,406 2011 4,463,085,5503.5000- 15,048,300 20123,891,594,1263.54000.45003.9900 15,000,700 20133,646,122,0214.15020.14564.2958015,120,750 20143,690,312,8574.1932.07734.270515,203,633 Change 2008-2014(3,319,564,564)1.9809(.6727)1.30816(4,980,707) Percentage Change(47%)---(24%) FY 2015 Taxable Value $3,895,717,814 * Percentage Change FY 2014-2015 5.57%

8. Millage Rate Options

9. 2014 Millage Rates RankingCityPopulationMillage RateTaxable Value Property Tax Collections Public Service Taxes 1Weston65,6772.00000$6,706,786,482$13,413,573Yes 2Boca Raton86,0413.4216017,272,211,53259,098,599Yes 3Palm Coast77,0684.270503,690,312,85715,759,481No 11 Daytona Beach 61,9987.235703,278,489,00023,722,163Yes 18Fort Myers67,0818.776004,206,426,92036,915,603Yes Survey of Cities between 60K-90K Population 18 Cities with Millage

10. 2015 Maximum Millage Rate Proposal

12. City-Wide Personnel

13. Personnel per 1,000 Population

15. General Fund Totals Revenues overall are tracking on budget for FY 14

17. Solid Waste Fund

18. Golf Course Fund

19. Tennis Center Fund

20. Information Technology Fund

21. Building Permits Fund

22. Utility Fund

23. Utility Fund Water Operations Summary

24. Stormwater Fund

26. CDBG Grant Fund

27. Police Education Fund FY 2015 request will cover the cost of tuition and lodging for advanced and specialized training which includes Strategies in Sex Assault Investigation, Advanced Crime Scene Response and Investigation, Advanced Narcotics Identification and Detection, Tactical Narcotics Technician training, Specialized Criminal Intelligence, Crime Prevention, Firearms, Defensive Tactics and more.

28. Police Automation Fund 2014 Expenditures: Lapel cameras for officers ($76,500) *2015 Changes: Flagler County is now retaining revenue for use towards the county-wide emergency communication system

29. Disaster Reserve Fund Disaster Reserve Fund Balance Policy The Disaster Reserve can be used to address unanticipated expenditures arising out of a hurricane, tornado, other major weather related events, and/or other massive infrastructure failures or other disasters, whether man-made or caused by nature, using emergency procedures as provided for in the City's Purchasing Policy.

30. Special Events Fund

31. NSP 1 Grant Fund

32. NSP 3 Grant Fund

33. OKR Special Assessment Fund

34. OKR Special Assessment Fund Capital Improvement Plan

35. BAC Fund

37. Health Insurance Fund

38. Fleet Fund

39. Fleet Fund Capital Improvement Plan

41. Utility Capital Improvements Fund *Items in blue at least partially funded by grant

42. Utility Capital Improvements Fund *Items in blue at least partially funded by grant

43. Stormwater Fund Capital Improvement Program 2014 Budget vs. Estimated

44. Stormwater Fund Capital Improvement Program

45. Streets Improvement Fund *Items in blue funded by grants

46. Streets Improvement Fund *Items in blue at least partially funded by grants

47. Recreation Impact Fee Fund

48. Fire Impact Fee Fund

49. Development Special Projects Fund

50. Transportation Impact Fee Fund

51. SR100 CRA Fund

52. Capital Projects Fund *Items in blue at least partially funded by grants

54. City of Palm Coast Budget (1 of 2) General Fund$ 27,477,122 CDBG Fund696,439 Police Education Fund30,000 Police Automation Fund145,000 Disaster Reserve Fund2,177,207 Special Events Fund249,850 Streets Improvement Fund21,075,495 Recreation Impact Fee Fund300,000 Fire Impact Fee Fund83,447 Development Special Projects Fund580,000 Transportation Impact Fee Fund988,000 Neighborhood Stabilization Fund100,000 Business Assistance Center Fund70,225 SR100 Community Redevelopment Fund1,535,988

55. City of Palm Coast Budget (2 of 2) OKR Special Assessment Fund389,435 Capital Projects Fund 12,382,253 Utility Fund33,823,780 Utility Capital Projects Fund12,919,000 Solid Waste Fund7,373,520 Stormwater Management Fund7.762,071 Building Permits & Inspections Fund2,730,683 Golf Course Fund1,532,746 Tennis Center Fund327,575 Information Technology & Communications Fund2,563,605 Health Insurance Fund3,381,245 Fleet Management Fund4,850,129 Sub-Total Budget$145,544,915 Less: Interfund Transfers and Charges$16,438,143 Total Budget$129,106,772

56. Total City Revenues 2014 Projected vs. 2015 Proposed

57. Services Provided through Property Taxes 2014 Projected vs. 2015 Proposed

58. 2015 Adopted Millage Rate Proposal

59. Recommended Millage Rate

60. Tentative Budget Schedule September 9 th - (5:05pm) Public Hearing to tentatively adopt millage rate and budget 23 rd – (5:05pm) Final Public Hearing to adopt final millage and budget Please Note Date Changes