City of Orlando, Florida

September 13, 2010

City Council Public Hearing / Fiscal Year 2011 Budget

Budget Overview

2

Total City Budget (No Change from August 16th Workshop)

Approved Proposed

FY2010 FY2011 Change

General Fund 359,247,138 356,434,871 (2,812,267)

Special Revenue Funds 164,393,297 170,460,400 6,067,103

Debt Service Funds 77,960,117 86,823,820 8,863,703

Enterprise Funds 148,971,078 176,737,140 27,766,062

Internal Service Funds 84,899,493 113,889,345 28,989,852

Component Units 7,678,436 6,485,710 (1,192,726)

Pension Trust Funds 20,880,120 21,896,905 1,016,785

Total 864,029,679 932,728,191 68,698,512

Detail listing by fund is provided in the Budget in Brief (pages 4-5)

Budget Overview

Staff Assistant position in the DDB that was frozen has been deleted– No budget adjustment necessary– Total number of deleted positions is now 148

Contribution – National Center for Simulation– Previous Budget in Brief stated the contribution was $13,600; correct amount is $14,960– Budget contained $14,960, so no adjustment is necessary

New position in Parking Fund– Listed as a Crew Leader (S17) in prior Budget in Brief; should be Crew Chief (L04)– No budget adjustment necessary

Cost of Living Increase– SEIU and LIU have agreed to forego 3% increase for FY2011– No budget change required; savings were already reflected in Proposed Budget

3

Adjustments to the Budget in Brief

Budget Overview

4

Budget Development History (General Fund)

April 26th Budget Workshop (Forecast) (49,760,000)

Additional Ad-Valorem Decline (10% TV Forecasted; 14.9% Actual) (6,935,000)

Adjustment: Forecast to Continuation of Service Requests

8,482,000

Use of Anticipated Fund Balance Above 25% Policy 20,500,000

Voluntary Separation Savings

3,820,000

Miscellaneous Revenue / Expense Adjustments

(450,000)

June 21st Budget Workshop (24,343,000)

Fee Increases

500,000

Risk Management Rebate

3,000,000

Adjustment to Sales Tax Revenue

2,800,000

Adjustment to Municipal Revenue Sharing Revenue

800,000

SAFER Reimbursed Positions Moved to Grant Fund

4,700,000

Elimination of the 3% COLA

3,000,000

Extension of Vehicle Useful Lives

3,000,000

Reduction in Contribution to Capital Improvement Fund

4,500,000

Miscellaneous Revenue / Expense Adjustments

2,043,000

August 16th Budget Workshop -

Key Dates

September 13th City Council Meeting Public Hearing on the Budget

September 20th City Council Meeting Public Hearing on the Budget

Budget / Millage Rate Adoption

5

Formal Budget Adoption

City of Orlando

Office of Business and Financial ServicesOrlando City Hall – Fourth Floor

400 S. Orange AvenueP.O. Box 4990

Orlando, Florida 32802-4990407-246-2358