FINAL BUDGET CITY COUNCIL PUBLIC HEARING SEPTEMBER 27, 2011
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
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
OVERVIEW
City Council Adopts Millage Rate Fund Appropriations Estimated Revenues
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
MILLAGE RATE
Fiscal YearProperty Value Operating MillageCapital MillageTotal Millage Ad Valorem Receipts 2001$ 1,594,214, $ 4,882, ,773,378, ,981, ,983,740, ,539, ,404,239, ,855, ,107,581, ,207, ,444,854, ,632, ,239,994, ,603, ,009,877, ,184, ,131,965, ,602, ,246,998, ,828, ,463,085, ,048, ,893,483, ,000,700 Change (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
$1,430, $3,423, $ 122, $2,969, $ 251,800 5-Year Decrease- $8,197,050 Impact on Existing Taxpayers
2012 MILLAGE RATE OPTIONS Current Rate Revenue Policy Operating Rate Tentative Rate Proposed TRIM Rate Flat Property Tax Revenue Rate Proposed Budget Rate Rollback Rate Majority Vote Rate
STAFFING Yr Change 5-Yr Total Change GENERAL FUND ENTERPRISE FUNDS TOTALS
GENERAL FUND
Budget Comparison
ENTERPRISE FUNDS
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
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
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
CAPITAL FUNDS
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
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$75,000 City Hall Training and Safety Facility
SUMMARY
City of Palm Coast Budget (1 of 3) General Fund$ 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
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
City of Palm Coast Budget (3 of 3) Sub-Total Budget $120,417,494 Less: Interfund Transfers and Charges$14,420,661 Total Budget $105,996, Comparison$175,887,646
“When you come to a fork in the road....Take it.” Lawrence Peter "Yogi" Berra
THANK YOU