city of tarpon springs, florida...2020/08/13 · proposed approved percent main reason for budget...

BUDGET WORKSHOP

FY 2021 PROPOSED BUDGET

AUGUST 13, 2020

CITY OF TARPON SPRINGS, FLORIDA

1

The Budget Process to date:

Departments have entered their requests

Finance developed payroll budget

Revenue projections calculated and entered

Funds have been balanced

No unassigned fund balance (unrestricted reserves) used to balance General Fund

Budget Advisory Committee reviewed Budget with Department Heads


2


Two Budget Books:

Three Ring Book-”Detail” on all accounts by Fund:

Table of Contents

Revenues

Expenditures

Justification of Expenditures

Personnel Schedules

Table of Contents provides good detail if you are looking for a particular Fund and/or Department.

3


Two Budget Books:

Executive Summary-”Summarizing” of Detail

Budget book:

4

Executive Summary - Budget Message 4 to 15

Budget Process, Objectives, Guidelines etc 16 to 27

Total City Budget Numbers Combined 28 to 43

Personnel 44 to 50

Property Values, Millage Rates and Revenues 51 to 53

Debt Summary 54 to 55

General Fund Summary 56 to 69

Community Redevelopment Agency Fund Summary 70 to 76

Water-Sewer Fund Summary 77 to 86

Sanitation Fund Summary 87 to 93

Stormwater Fund Summary 94 to 100

Capital Improvement Program 101 to 126

PagesCategory


Two Budget Books:

Executive Summary-”Capital Improvement

Program” (CIP) provides detail on the following:

Five Year CIP Program and Capital Outlay:

5

Five Year CIP Summary 106 to 107

Five Year CIP by Fund:

Local Option Gas Tax 108

Police Impact 109

Fire Impact 110

Library Impact 111

Recreation Impact 112

General Government Impact 113

Transportation Impact 114

Capital Project Fund 115

One Cent Local Option Sales Tax Fund "Penny" 116

Sewer Impact 117

Water Impact 118

Stormwater Fund 119

Water -Sewer Fund 120 to 121

All Capital Requests 122 to 124

Capital Requests not in Budget on standby 125 to 126

Category Page or Pages


Total City Budget and Five Largest Funds:

6

FY 2021 Percent of FY 2020 Budget

Proposed FY 2021 Approved Increase Percent

8/13/2020 Budget Budget (Decrease) Changes

Total City 62,877,711$ 64,011,698$ (1,133,987)$ -1.77%

Five Largest Funds

General Fund 26,663,072$ 42.40% 26,014,325$ 648,747$ 2.49%

Water-Sewer Fund 18,861,736$ 30.00% 20,143,215$ (1,281,479)$ -6.36%

Sanitation Fund 6,246,927$ 9.94% 5,417,953$ 828,974$ 15.30%

Stormwater Fund 1,762,992$ 2.80% 3,631,088$ (1,868,096)$ -51.45%

Penny Fund 3,277,232$ 5.21% 2,441,977$ 835,255$ 34.20%

Total 56,811,959$ 90.35% 57,648,558$ (836,599)$

Total City Budget

FY 2021 PROPOSED BUDGET-ASSUMPTIONS

Pay Increases for all employees “funded” at 3%

Health Insurance Premium - 2% decrease

Dental Insurance Premium - 15.8% decrease

Pensions (Police and Fire) funded at actuarial required contribution; General Pension at 8.7% (no change).

Workers Compensation – Budgeted 10% increase, rate still to be determined.

Property Insurance – Budgeted 10% increase, rate still to be determined.

7

FY 2021 PROPOSED BUDGET-GENERAL FUND

8

FY 2021 FY 2020

Proposed Approved Percent Main Reason for

Budget Budget Increase Increase Increase

Total Budget 26,663,072$ 26,014,325$ 648,747$ 2.49% Pay Increase, Internal Auditor, Paramedics-Grant Expired

General Fund Budget


REVENUES BY TYPE

9

Taxes,

14,540,060 , 54%

Permits & Fees,

2,377,841 , 9%

Intergovernmental, 2,877,790 , 11%

Charges for Services,

3,168,510 , 12%

Fines and Forfeitures,

147,611 , 1%

Interest,

140,456 , 0%

Miscellaneous,

820,496 , 3%

Transfers, Restricted Reserve, 2,590,308 ,

10%

General Fund Revenues by Type


EXPENDITURES BY FUNCTION

10

General Government,

4,689,323 , 18%

Public Safety,

15,218,298 , 57%

Physical Environment,

1,439,837 , 5%

Transportation, 1,131,388 , 4%

Economic

Environment, 129,529 , 1%

Culture and Recreation,

4,054,697 , 15%

General Fund Expenditures by Function


EXPENDITURES BY TYPE

11

Personnel

Services, 19,837,227 , 74%

Operating Services,

6,372,274 , 24%

Capital Outlay, 307,369 , 1%

Grants and Aids, 25,000 , 0%

Transfers/Other, 121,202 , 1%

General Fund Expenditures by Type

FY 2021 PROPOSED BUDGET – GENERAL FUND

General Fund Revenue Projections :

Property Taxes:

6.16% increase in taxable values

Millage rate maintained at 5.37

Total Property Tax revenues $10,232,123, 38% of

General Fund

12

FY 2021 PROPOSED BUDGET – GENERAL FUND

General Fund Revenue Projections (Continued):

Electric Utility Tax and Franchise Fee projected 2%

increase

EMS, Fire and School Officer Fees based on contracts

with Pinellas County and School Board

Sales Taxes, Projected 7.5% decrease

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FY 2021 PROPOSED BUDGET-PROPERTY TAXES

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1,938,896,972

1,298,345,335

2,034,725,396

1,000,000,000

1,200,000,000

1,400,000,000

1,600,000,000

1,800,000,000

2,000,000,000

2,200,000,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Taxable Values

Fiscal Year

4.3089

5.4500 5.4500 5.42005.3700 5.3700

4.0000

4.2500

4.5000

4.7500

5.0000

5.2500

5.5000

5.7500

6.0000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Millage Rate

No millage increases since

2011 just decreases to 5.37

640 million loss in

Taxable Value

2008-2013

Revenue

Decrease

$1.5 mill

2008-2013

$8,123,557

$6,700,179

$10,232,123

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

General Fund - Ad Valorem Revenue

Revenue

MILLAGE RATE COMPARISON FULL SERVICE

CITY’S POPULATION GREATER THAN 20,000

15

6.77

5.155

5.2139

5.5862

5.45

6.755

5.955

5.62

5.49

5.37

0 1 2 3 4 5 6 7 8

St. Petersburg

Clearwater

Largo

Pinellas Park

Tarpon Springs

Millage Rates ProposedPinellas County-Full Service City's Population Greater Than 20,000

Municipal Rate 2020 Municipal Rate 2014

CIP

16

FY 2021 PROPOSED BUDGET - CIP

17

CAPITAL IMPROVEMENTS PROGRAM (CIP)

PROJECT SUMMARY - by FUNCTION

FISCAL YEAR 2021 PROJECTS - $7,059,558

Public Safety, $1,034,558 , 15%

Physical Environment,

$4,875,000 , 69%

Transportation, $1,150,000 , 16%

$4.6 million is

Water-Sewer

Fund


Executive Summary Budget Book:

CIP Budget pages 101-126

Pages 106-107 has 5 Year CIP Summary $7.1 million.

Pages 108-121 has 5 Year Projections per Fund

Pages 122-124 has all Capital, including CIP and Capital Outlay, $9.9 million.

Pages 125-126 has all Capital not in Budget. To be prioritized if funding becomes available.

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CIP for FY 2021 Totals $7.1 million

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Budgeted

Water-Sewer Fund

Water Pipe Valve replacement 500,000$

Manhole and Sewer Lines 250,000$

Force Main Improvements 250,000$

Penny Fund

Roadway Reconfiguration Walmart/Huey-Grant Funded 750,000$

Police Vehicles 400,000$

Body Cameras 212,958$

Brick Street & Road Reconstruction 150,000$

Capital Project Fund

Annual Street Paving and Sidewalks 250,000$

Cost of above CIP Projects for FY 2021 2,762,958$

Major CIP Projects in FY 2021 Budget

CRA

20

FY 2021 PROPOSED BUDGET: CRA

Community Redevelopment Agency (CRA)

Created under Florida Statutes with City and County

Established 2001

Expires after 30 Years

Area Approx. - Alt 19 from Mere’s to Sponge Docks and 1 to 2 blocks east and west of Alt 19

Base Year 2000 Taxable Value 41,037,900

Taxable values over base year for City and County go into CRA, called Tax Increment Financing (TIF)

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22

FY 2021 CRA Proposed Budget $558,900

City TIF,

$279,609 , 50%

County TIF, $279,291 , 50%

CRA Revenue FY 2021


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Personnel Services,

$107,029 , 19%

Operating Expenditures, $71,566 , 13%

Grants, $64,768 , 12%

Loan Repayment, $100,000 , 18%

Reserve for

Capital, $215,537 , 38%

CRA Expenditures by Type FY 2021

Enterprise Funds

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FY 2021 PROPOSED BUDGET: WATER-SEWER

The Water-Sewer Fund is the second largest

Fund in the City with a budget of $18.8 million

25

FY 2021 FY 2020


Budget Budget Decrease Decrease Decrease

Total Budget 18,861,736$ 20,143,215$ (1,281,479)$ -6.36% Capital Requirements

Water-Sewer Fund Budget

FY 2020 had two large projects over $1 million each, one for new water wells

and the other for Seabreeze Drive Sewer


REVENUES BY TYPE

26


17,560,330 , 93%

Interest, 100,000

, 1%

Non-Revenue-

Reserves, 1,201,406 , 6%

Water-Sewer Revenues by Type

Water and Sewer

Fees


EXPENSES BY TYPE

27

Personnel

Services, 5,860,964 , 31%

Operating

Services, 4,815,932 , 26%

Capital Outlay,

4,718,765 , 25%

Debt Service,

2,045,563 , 11%

Transfers,

1,404,826 , 7%Other Uses, 15,686 , 0%

Water-Sewer Expenses by Type

FY 2021 PROPOSED BUDGET: SANITATION

The Sanitation Fund is the third largest Fund in

the City with a budget of $6.2 million.

28

FY 2021 FY 2020


Budget Budget Increase Increase Increase

Total Budget 6,246,927$ 5,417,953$ 828,974$ 15.30% Contract Increase/Capital*

Sanitation Fund Budget

*New building for scale house and relocating scale with Mere’s Blvd connection


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Refuse and

Recycling Fees


$5,929,187 , 95%

Interest, $21,000 , 0%

Non-Revenue-Reserves, $296,740 , 5%

Sanitation Fund Revenues by Type


30

Personnel Services,

$565,240 , 9%

Operating Services, $4,919,352 , 79%

Capital Outlay, $280,000 , 4%

Transfers, $474,335 , 8%

Other Uses, $8,000 , 0%

Sanitation Fund Expenses by Type

Majority is to

Contractor

FY 2021 PROPOSED BUDGET: STORMWATER

The Stormwater Fund is the fifth largest Fund in

the City with a budget of $1.8 million.

Sales

Stormwater Fees $1,741,828

Majority of expenses are for Personnel/Operating

31

FY 2021 PROPOSED BUDGET: GOLF COURSE

The Golf Course Fund has a budget of $1.4

million.

Golf Course fees pay for personnel and

operating costs of the golf course.

32

FY 2021 PROPOSED BUDGET: MARINA

The Marina Fund has a budget of $112,717.

Marina fees a majority of which are slip rentals

pay for personnel and operating costs of the

marina.

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FY 2021 BUDGET PROCESS TIMETABLE

August 13, 2020 First Budget Workshop with BOC

August 18, 2020 Second Budget Workshop “BOC” if

necessary-tentative

August 24, 2020 Third Budget Workshop “BOC” if

necessary-tentative

August 24, 2020 TRIM notices mailed by Property

Appraiser

September 3, 2020 First Public Hearing on Tentative

Millage and Budget

September 15, 2020 Second and Final Public Hearing

October 1, 2020 First day of new Fiscal Year

34

Any Questions?

Ron Harring

942-5612

[email protected]

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city of tarpon springs, florida...2020/08/13 · proposed approved percent main reason for budget...

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