TOWN OF KIAWAH ISLAND

2018 Council Strategic Planning Retreat Kiawah Town Hall Council Chambers

February 2, 2018

AGENDA

Call to Order: Mayor Weaver called the meeting to order at 8:oo am

Present at the meeting:

Also Present:

Craig Weaver, Mayor John R. Wilson Diana Mezzanotte Jack Koach Chris Widuch

Stephanie Monroe Tillerson, Town Administrator Dwayne Green, Town Attorney Petra Reynolds, Town Clerk

Ms. Tillerson gave a brief review of the Departmental presentation of the previous day.

Finance Overview and Discussion:

Budget Overview

• FY 2017 AND KICKOFF DISCUSSION FOR FY 2018

Mr. Wilson discussed the revenues of the Town, stating that the Town is good shape at the moment, but the outlook could change with a significant drop in revenues or the expenses associated with major storm. He also discussed things that are in place or could be implemented in the event of a financial crisis.

Mr. Wilson engaged in an in-depth discussion of the two main revenue streams, unrestricted funds, which include business licenses, permitting, local option, and sales taxes and restricted funds, which include, accommodation taxes and hospitality taxes. Discussion included the allocation of accommodation taxes received, effects that may have an impact on future revenues and a presentation of an overview of Town expenses illustrating what funds are used noting the division of the expenses as main functions, or "have to do", and other functions, or "want to do".

Main '°U"C119"• Adm!nl$1r.OUon PubUc Works Town Building& Solid VVnsto Planning/Zoning Building Sorv1c0Rll.lcon"1ng Law Enrorcom<>nl Boach Mannoomont Totei Mn•n Function•

Qther Fyn5tfon• Toumsm

Arts Councu

WUdl<fe Ro,soarct->

Toh>I Othor Functions

QrRnd T9tt0I

Ar,nu.,llzcd FY2018

Unr9•trJctg;<t �

$1.051.392 217.200 692,264 880,000

46.143 797.695 116.9H)

$3.803,033

110,000 150.000 103 514 371,514

a1,,of Total

0% 17% 2'% 1% 19% 3% Q¾

91"/4

0% '"

4% 2% �%

Annuallz<>d FY201D

R..,.u1c1<,d Pynd•

•

309 279

25.000

532.206 ""'9 492

1,322,889

R9.trlc,19d E!!.!:!.£!..!L 1.414.GOO

241,361

435 91 0 2.091.871

'¼of Tot,.I

.11% 7'l'o 0%

Q%

�'¼

$1 051 302 520,479 G92.2a4 005,000

46,143 707 895 051 127

= 1 414,000

359,361 150,000 539 424

2.4(1:),385

Nol<> Dolin,,. do not m<0lu<10 Irma <0lonn "P <00,a.1 of npprox,mnloly S95K <>nd beach o.c,appmg of ,approx,...,.,h>ly S 110K

1 JP age