FINAL 2011-2012 BUDGET CITY COUNCIL

PUBLIC HEARINGSEPTEMBER 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 Year Property ValueOperating

Millage Capital Millage Total MillageAd Valorem

Receipts

2001 $ 1,594,214,203 3.1500 - 3.15000 $ 4,882,939

2002 1,773,378,865 3.1500 0.3500 3.50000 5,981,827

2003 1,983,740,628 3.0500 0.3500 3.40000 6,539,567

2004 2,404,239,111 3.0500 0.3500 3.40000 7,855,523

2005 3,107,581,090 2.9000 0.5000 3.40000 10,207,899

2006 4,444,854,928 2.4000 1.0000 3.40000 14,632,296

2007 6,239,994,489 2.5000 0.7500 3.25000 19,603,806

2008 7,009,877,421 2.2123 0.7500 2.96234 20,184,340

2009 6,131,965,169 2.6123 0.3500 2.9623 17,602,781

2010 5,246,998,187 3.1500 0.3500 3.5000 17,828,406

2011 4,463,085,550 3.5000 - 3.5000 15,048,300

2012 3,893,483,150 3.5400 0.4500 3.9900 15,000,700

Change 2007-2012 (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

• 2007-08 - $1,430,107• 2008-09 - $3,423,342• 2009-10 - $ 122,686• 2010-11 - $2,969,115• 2011-12 - $ 251,800• 5-Year Decrease - $8,197,050

Impact onExisting Taxpayers

2012 MILLAGE RATE OPTIONS• Current Rate 3.5000• Revenue Policy Operating Rate 3.9013• Tentative Rate 3.9900• Proposed TRIM Rate 4.0000• Flat Property Tax Revenue Rate 4.0137• Proposed Budget Rate 4.0552• Rollback Rate 4.0552• Majority Vote Rate 5.7636

STAFFING

STAFFING 2006-07 2010-11 2011-121-Yr

Change

5-Yr Total

Change

GENERAL FUND 228.4 216.48 209.66 -6.82 -18.74

ENTERPRISE FUNDS 184 179.65 176.15 -3.5 -7.85

TOTALS 412.4 396.13 385.81 -10.32 -26.59

GENERAL FUND

Budget Comparison

Budget Budget Change Percentage2011 2012 2011-2012 Change

Property Taxes 15,039,800 13,314,600 (1,725,200) -11.5%Other Revenue 11,356,889 12,447,400 1,090,511 9.6% Total Revenues 26,396,689 25,762,000 (634,689) -2.4%

Expenditures 26,396,689 25,762,000 (634,689) -2.4%Difference - - -

TOTAL GENERAL FUND EXPENDITURES

Original ProposedActual Actual Budget Estimated Budget

CATEGORY FY 09 FY 10 FY 11 FY 11 FY 12Personal Services 16,800,187$ 15,280,804$ 14,073,493$ 13,936,200$ 13,766,556$ Operating Expenses 11,928,124 10,451,965 11,298,273 11,243,197 11,137,082 Capital Outlay 298,267 101,891 40,500 14,700 33,000 Debt Service 39,480 39,480 - - - Grants & Aide 219,500 220,379 269,300 288,925 187,000 Transfers to Other Funds 505,554 6,587,620 610,016 630,016 614,974 Contingency - - 105,107 35,991 23,388

TOTAL 29,791,112$ 32,682,139$ 26,396,689$ 26,149,029$ 25,762,000$

ENTERPRISE FUNDS

UTILITY EXPENDITURES

Original ProposedActual Actual Budget Estimated Budget

CATEGORY FY 09 FY 10 FY 11 FY 11 FY 12Personal Services 7,142,330$ 7,134,787$ 6,927,811$ 6,941,900$ 6,952,289$ Operating Expenses 18,076,676 18,454,084 9,509,818 8,827,671 8,917,426 Capital Outlay 1 - 539,785 490,785 475,952 Debt Service 7,721,192 6,971,542 11,580,486 11,482,984 11,338,656 Grants & Aide 10,000 10,000 10,000 10,000 10,000 Transfers to Other Funds 2,143,952 3,683,653 2,277,350 2,198,350 2,252,991 Contingency - - 500,000 200,010 213,181

TOTAL 35,094,151$ 36,254,066$ 31,345,250$ 30,151,700$ 30,160,495$

Utility Capital Projects Fund 1 of 2

  FY 12 FY13 FY 14 FY 15 FY 16

Wellfield & Wells $1,750,000 $750,000 $1,200,000 $200,000 $200,000

Water Mains $50,000

Distribution System Improvement $75,000 $75,000 $75,000 $75,000

Water Treatment Plant #1 $20,000 $250,000 $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 $250,000 $250,000 $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 12 FY13 FY 14 FY 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 $350,000 $350,000

Wastewater Treatment Plant #2 $6,910,000 $12,630,000 $1,000,000

General Plant R&R Wastewater $350,000 $250,000 $250,000 $250,000 $250,000

Beachside Sewer System $1,950,000 $1,500,000

Coquina Coast Sea Water Desalination

STORMWATER MANAGEMENT EXPENDITURES

Original ProposedActual Actual Budget Estimated Budget

CATEGORY FY 09 FY 10 FY 11 FY 11 FY 12Personal Services 1,141,806$ 1,145,048$ 1,901,382$ 1,770,700$ 1,650,432$ Operating Expenses 2,465,372 3,008,623 1,647,513 1,522,429 1,572,976 Capital Outlay - - 2,816,711 2,149,575 2,681,200 Debt Service (16,879) 185,901 697,759 465,627 1,502,302 Grants & Aide - - - - - Transfers to Other Funds 489,682 391,450 44,000 44,000 68,000 Contingency - - 270,835 608,869 -

TOTAL 4,079,981$ 4,731,022$ 7,378,200$ 6,561,200$ 7,474,910$

STORMWATER UTILITY

CAPITAL PROJECTS FUND

  FY 12 FY13 FY 14 FY 15 FY 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 12 FY13 FY 14 FY 15 FY 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 $50,000 $350,000 $50,000 $350,000

Traffic Signals $470,000 $270,000

Palm Harbor Extension $300,000 $1,100,000

Palm Coast Parkway6-Laning

$1,625,000 $9,025,000

Old Kings Road Extension $1,350,000 $1,600,000 $5,000,000 $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 ParkwayShoulders

Bridge Rehabilitation $1,050,000 $150,000 $300,000 $850,000 $1,000,000

Capital Projects Fund

  FY 12 FY13 FY 14 FY 15 FY 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 $200,000 $200,000 $200,000 $200,000

Longs Landing $425,000

Park Renovation $75,000 $75,000 $75,000 $75,000 $75,000

City Hall

Training and SafetyFacility

SUMMARY

City of Palm Coast Budget (1 of 3)General Fund $ 25,762,000

Special Revenue Funds

Police Education Fund 22,800

Police Automation Fund 294,500

Disaster Reserve Fund 2,231,500

Recycling Revenue Fund 310,200

Streets Improvement Fund 12,461,600

Park Impact Fee Fund 793,100

Fire Impact Fee Fund 189,600

Development Special Projects Fund 1,548,000

Transportation Impact Fee Fund 962,800

Neighborhood Stabilization Fund 1,583,700

SR100 Community Redevelopment Fund 3,024,074

OKR Special Assessment Fund 261,308

City of Palm Coast Budget (2 of 3)Capital Projects Fund 6,698,700

Enterprise Funds Utility Fund 30,160,495

Utility Capital Projects Fund 5,704,941

Solid Waste Fund 7,605,000

Stormwater Management Fund 7,474,910

Building Permits & Inspections Fund 1,507,334

Golf Course Fund 1,668,100

Tennis Center Fund 305,800

Information Technology & Communications Fund 2,906,036

Internal Service Funds

Health Insurance Fund 3,155,000

Fleet Management Fund 3,785,996

City of Palm Coast Budget (3 of 3)

Sub-Total Budget 2011-12 $120,417,494

Less: Interfund Transfers and Charges $14,420,661

Total Budget 2011-12 $105,996,833

2010-11 Comparison $175,887,646

“When you come to a fork in the road....Take it.”

Lawrence Peter "Yogi" Berra

THANK YOU