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?  Third Summit – Understanding the General Fund

FY15 General Fund Budget

FY15 Budget Increased Investments

General Fund Services General Fund City AdministrationServices Provided Public SafetyPolice and Fire protection Leisure ServicesParks, Recreation Centers, Libraries Neighborhood Affairs Neighborhood grants, Codes Compliance, Housing City Development Economic Development, Greenhouse General Government Mayor’s Office, City Council, Finance, Budget, Audit Services Public WorksStreet Lighting

General Fund Revenue Other General Fund Revenues City UseHousehold Use Other Taxes Taxes paid on utility bills (electric, gas, water) cell phone bills Charges for ServicesFees paid at Recreation Centers Fines and Forfeitures Parking Tickets, late fees at Libraries PILOT Payment in Lieu of Taxes (paid by enterprise fund) General AdministrativeInternal charges TransfersReturn on Investment/Equity

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

Fiscal Year 2014 Ad Valorem Revenues vs. Police Costs

11

General Fund Expense Crosswalk General Fund Expense by Type City UseHousehold Use Personnel Cost (salary & benefits) Health Insurance, contributions to retirement Operating ExpensesFood, cooling and heating Capital OutlayPurchase of car, oven, washer dryer Transfer/DebtMortgage Payments

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%

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

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