1. FINAL 2011-2012 BUDGET CITY COUNCIL PUBLIC HEARING SEPTEMBER 27, 2011

2. Part I – Regulations and Terminology May 17, 2011 Part II – Revenues June 7, 2011 Part III – Fund Descriptions June 21, 2011 Part IV – Prior Year Budget Reductions July 5, 2011 Part V – General Fund Workshop July 12, 2011 Part VI – General Fund, Capital Projects, Stormwater Workshop July 26, 2011 Part VII – Set Proposed Millage Rate August 2, 2011 Part VIII – Proprietary, Special Revenue, and Capital Project Funds August 9, 2011 Part IX – Proposed Budget August 23, 2011 Schedule

3. Budget Schedule September 14 – First public hearing and adoption of the tentative 2012 millage rate and budget September 27 – Final public hearing and adoption of the final 2012 millage rate and budget

4. OVERVIEW

5. City Council Adopts Millage Rate Fund Appropriations Estimated Revenues

6. Budget Goals and Proposals Shift revenue from Streets Improvement Fund to the Stormwater Fund Diversify Stormwater funding Reestablish millage rate for capital projects (Stormwater) Lower millage rate from the proposed millage rate Cut additional expenditures supported by property tax without major impact on services No new taxes

7. MILLAGE RATE

8. Fiscal YearProperty Value Operating MillageCapital MillageTotal Millage Ad Valorem Receipts 2001$ 1,594,214,2033.1500-3.15000$ 4,882,939 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 20123,893,483,1503.54000.45003.990015,000,700 Change 2007-2012(2,346,511,339)1.0400(0.3000)0.7400(4,603,106) Percentage Change-37.6%41.6%-40.0%22.8%-23.5% Millage Rate History

9. 2007-08- $1,430,107 2008-09- $3,423,342 2009-10- $ 122,686 2010-11- $2,969,115 2011-12- $ 251,800 5-Year Decrease- $8,197,050 Impact on Existing Taxpayers

10. 2012 MILLAGE RATE OPTIONS Current Rate3.5000 Revenue Policy Operating Rate3.9013 Tentative Rate3.9900 Proposed TRIM Rate4.0000 Flat Property Tax Revenue Rate4.0137 Proposed Budget Rate4.0552 Rollback Rate4.0552 Majority Vote Rate 5.7636

11. STAFFING 2006-072010-112011-12 1-Yr Change 5-Yr Total Change GENERAL FUND228.4216.48209.66-6.82-18.74 ENTERPRISE FUNDS184179.65176.15-3.5-7.85 TOTALS412.4396.13385.81-10.32-26.59

12. GENERAL FUND

13. Budget Comparison

15. ENTERPRISE FUNDS

17. Utility Capital Projects Fund 1 of 2 FY 12FY13FY 14FY 15FY 16 Wellfield & Wells$1,750,000$750,000$1,200,000$200,000 Water Mains$50,000 Distribution System Improvement $75,000 Water Treatment Plant #1$20,000$250,000 Water Treatment Plant #2$1,980,000$6,000,000 Water Treatment Plant #3$250,000$50,000 Utility Land Acquisition General Plant R&R Water$300,000$250,000 Misc Utility Services$26,000$49,000$14,000$44,000$14,000 Wastewater Treatment Plant #1 $50,000$3,500,000$3,000,000 Wastewater Treatment Plant #3

18. Utility Capital Projects Fund 2 of 2 FY 12FY13FY 14FY 15 FY 16 Lift Stations & Pump Stations $850,000$1,005,000$1,805,000$655,000$155,000 Force Mains$150,000$200,000$500,000 Reclaimed Water$600,000$1,700,000 PEP System$200,000$300,000$350,000 Wastewater Treatment Plant #2 $6,910,000$12,630,000$1,000,000 General Plant R&R Wastewater $350,000$250,000 Beachside Sewer System $1,950,000$1,500,000 Coquina Coast Sea Water Desalination

20. STORMWATER UTILITY CAPITAL PROJECTS FUND FY 12FY13FY 14FY 15FY 16 Swale Rehabilitation Program $525,600$551,900$579,500$608,500$638,900 Valley Gutter Improvements $75,000$78,000$81,100$84,300$87,700 Pipe Replacement$1,710,000$1,795,500$1,885,300$1,979,600$2,078,600 Control Structure Rehab$355,600$506,000$517,000$528,000$539,000

21. CAPITAL FUNDS

22. Streets Improvement Fund FY 12FY13FY 14FY 15FY 16 Street Paving and Resurfacing$726,400 $2,098,300$2,203,200$2,313,400$2,429,000 Royal Palms Parkway Phase III $200,000$600,000$300,000 Intersection/Turn Lane Improvements $50,000 $350,000$50,000$350,000 Traffic Signals $470,000 $270,000 Palm Harbor Extension$300,000 $1,100,000 Palm Coast Parkway 6-Laning $1,625,000$9,025,000 Old Kings Road Extension$1,350,000$1,600,000$5,000,000 North Old Kings Road 4-Laning $2,000,000$50,000$7,300,000$7,600,000 North Pine Lakes Parkway Improvements $2,200,000 Whiteview Parkway Shoulders Bridge Rehabilitation$1,050,000$150,000$300,000$850,000$1,000,000

23. Capital Projects Fund FY 12FY13FY 14FY 15FY 16 Fire Station #22 Replacement $1,000,000$1,400,000 Holland Park Renovation$20,000$1,470,000$1,400,000 Indian Trails Sports Complex $430,000 Sidewalks and Bike Paths$4,695,000$200,000$2,000,000$700,000 Parkway Beautification$200,000 Longs Landing$425,000 Park Renovation$75,000 City Hall Training and Safety Facility

24. SUMMARY

25. City of Palm Coast Budget (1 of 3) General Fund$ 25,762,000 Special Revenue Funds Police Education Fund22,800 Police Automation Fund294,500 Disaster Reserve Fund2,231,500 Recycling Revenue Fund310,200 Streets Improvement Fund12,461,600 Park Impact Fee Fund793,100 Fire Impact Fee Fund189,600 Development Special Projects Fund1,548,000 Transportation Impact Fee Fund962,800 Neighborhood Stabilization Fund1,583,700 SR100 Community Redevelopment Fund3,024,074 OKR Special Assessment Fund261,308

26. City of Palm Coast Budget (2 of 3) Capital Projects Fund 6,698,700 Enterprise Funds Utility Fund30,160,495 Utility Capital Projects Fund5,704,941 Solid Waste Fund7,605,000 Stormwater Management Fund7,474,910 Building Permits & Inspections Fund1,507,334 Golf Course Fund1,668,100 Tennis Center Fund305,800 Information Technology & Communications Fund2,906,036 Internal Service Funds Health Insurance Fund3,155,000 Fleet Management Fund3,785,996

27. City of Palm Coast Budget (3 of 3) Sub-Total Budget 2011-12$120,417,494 Less: Interfund Transfers and Charges$14,420,661 Total Budget 2011-12$105,996,833 2010-11 Comparison$175,887,646

28. “When you come to a fork in the road....Take it.” Lawrence Peter "Yogi" Berra

29. THANK YOU