1. CITY OF NEW SMYRNA BEACH
1st Public hearing
September 14th, 2016

2. Specific purpose for increase in ad valorem tax revenues
The specific purpose for which ad valorem tax revenues are being increased by $630,921in FY2016/2017 includes:
Implementation of Phase II Salary Study ($478,839 in General Fund)
COLA for City employees ($108,411 in General Fund) - (Increase for those not receiving Phase II salary adjustment)
10 Year Lease for 3 Fire Vehicles - $217K annually (Total cost $1.99 Million)
Increase in proposed General Fund budget capital improvements ($97,149) and capital equipment replacement ($669,802) – Total $766,951
The Proposed Operating Millage of will generate $10.6M in tax revenue, or 46.5% of the $22.9M General Fund budget.
Specific purpose for increase in ad valorem tax revenues

3. Proposed FY2016-2017 budget modified to include changes since July 27th budget workshop
Marina Fund Electrical Upgrade system for docks - $140,000 (100% funded by Marina Fund)
Additional Sidewalk Construction funds available - $100,000 (100% funded by GOB funds)

4. Overview
FY2016/2017 City-wide tentative budget-$42,909,558 (FY 2015/16 revised budget $57,205,804- This figure includes capital projects carry forwards and budget revisions during FY2016)
FY2016/2017 General Fund proposed budget -$22,917,544 (FY 2015/16 revised budget $24,304,050)
Taxable property values increased - (+8.53%)
FY16/17 proposed budget includes the10 year lease payment ($217K) for 3 fire trucks (est. total cost $1.99M) and $766,951 in capital improvements and equipment and vehicle replacements in the General Fund. (Public Safety is $540,802 of the $766,951)
Includes implementation of Cody Study Phase II and COLA for those not receiving Cody Study adjustment.
Utilizing $234K of Police Pension Credit towards purchase of 7 police vehicles. (27 police vehicles within the last 4 years have been replaced)
HR Assistant position increased from part-time to full-time (keeping up with HR demands)
Proposing maintaining the current operating Millage Rate of ; Debt service millage will decrease to .4000, for a decreased total millage of

5. Percentage Change from FY 2015-16 to FY 2016-17
Property Taxes
Tax Rates:
Description
FY2015/2016
Current
FY Tentative
Percentage Change from FY to FY
General Operating
3.5699
0 %
2005 Debt Service
0.4300
0.4000
-6.9 %
Total City Millage
3.9999
3.9699
-.75%
FY2017 tentative budget was prepared using the current (FY2016) operating millage rate of
Revenue estimated at 95% collection rate as per state statue

6. } City Taxes Volusia County Property Appraiser Parcel Number
Assessed Value
School Board
City's
Exemption
Taxable Value
Average Residential Property Assessed Taxable Value
166,307
25,000
141,307
50,000
116,307
2016
Rolled- back
Tentative
TAXING AUTHORITY
MILLAGE RATE
TAXES LEVIED
6.8100
962.30
6.8480
967.67
Volusia County-Countywide funds
6.8778
799.94
7.0520
820.20
Mosquito Control
0.1776
20.66
0.1880
21.87
Ponce Inlet/Port Authority
0.0878
10.21
0.0929
10.80
New Smyrna Beach I & S
3.3693
391.87
3.5699
415.20 }
0.4300
50.01
0.4000
46.52
St Johns River Water Management District
0.2885
33.55
Florida Inland Navigation District
0.0299
3.48
0.0320
3.72
SE Volusia Hospital District
2.4824
288.72
Total Millage & Ad Valorem Tax
$ ,560.74
$ ,608.26
Difference in Sample Taxpayer City Portion (Rolled back vs. Proposed Rate) - $
Monthly Increase in City taxes $
* Prior year total millage for NSB residents
City Taxes

7. Volusia county cities proposed rates

8. Distribution of Taxes Levied by Property Type
Taxable Property Type
Exemptions by Property Type

9. General Fund Expenditures by Function
FY2016/17 Proposed
% of Total
Public Safety
$ ,851,719
51.7%
General Government
4,208,548
18.4%
Culture & Recreation
3,872,050
16.9%
Transportation - Streets
1,336,430
5.8%
Building & Maintenance
658,830
2.9%
Transfers Out to Debt Service
989,967
4.3%
Total
$ ,917,544
100%

10. General Fund Revenues by Source
FY2016/17
Proposed
Inc/(Dec)
% of Total
Property Tax Revenue
$ 10,663,393
$771,494
46.5%
State Revenue Sharing Taxes
3,672,012
8,987
16.0%
Utilities Commission
3,646,175
104,366
15.9%
Public Service Tax
1,888,844
86,730
8.2%
Charges for Services
1,029,160
397,515
4.5%
Franchise Fees
894,998
(8,099)
3.9%
Other Sources
1,122,962
(2,532,109)
4.9%
Total
$22,917,544
100%

11. FY2016/2017 Major Increases in General Fund (All line items reviewed in detail by City Manager and Finance Department)
IMPLEMENTATION OF PHASE II COMPENSATION STUDY -$527,445
GENERAL FUND- $478,838
OTHER FUNDS - $ 48,606
COLA for City employees not receiving a Cody Study Increase- $125,564 (Contract Negotiations underway)
GENERAL FUND- $108,411
OTHER FUNDS - $ 17,153
LEASING OF 3 FIRE TRUCKS (10 YEAR LEASE FOR 2 PUMPERS AND 1 LADDER TRUCK)
GENERAL FUND -$217K – (Annual 10 year payment. The vehicles will be owned by the City at the end of the lease period)
CAPITAL EQUIPMENT AND CAPITAL IMPROVEMENT -
GENERAL FUND $766K (Total includes $540,522 in public safety equipment)
POLICE VEHICLES - $234K (Utilizing remaining City’s pension credit to purchase vehicles)
TOTAL $532K
Total additional major expenses – $1.4M
GENERAL FUND - $ 1.35M - OTHER FUNDS - $ 48K

12. Grants & Aids FY2016/2017 Agency FY2016 Funding FY2017 Requested
Available
Homeless Program (PILOT Grants) $0
$25,000
Council on Aging
$20,000
Boys & Girls Club
$11,520
$12,000
The Church Parish Nurse Ministries, Inc.
$ 2,250
$ 5,000
Score
$ 2,000
Total
$35,770
$72,000
$61,250
* Representatives from the listed agencies are prepared to make a presentation on behalf of their organizations.

13. SUMMARY
General Fund Tentative Operating Millage – (Current rate of FY )
Debt Service Millage (6.9% reduction when compared to FY2016)
Staff recommends proposed total City Millage of (.75% reduction)
for FY
September 27nd – Second Public hearing to adopt final millage –– 5:30pm