MAYOR’S FISCAL YEAR 2015 BUDGET SUMMIT #3JUNE 18, 2014

WILLIS S. JOHNS COMMUNITY CENTER

FY15 Budget Summit Topics

Topics to be covered at FY15 Budget Summits

First Summit -- What is a budget and why so many funds?

Second Summit – What is the impact of using reserves?

Third Summit – Understanding the General Fund

FY15 General Fund Budget

Summary of Estimated Revenues & Expenditures

Projected Revenues

$215.385 million

Projected Expenditures

$216.689 million

Projected Budget Gap

($1.304 million)

FY15 Budget Increased Investments

Summary of Increased Investments

Housing (transfer to CIP) $350,000

Business Recruitment/Retention $100,000

Small Business $75,000

Marketing (to increase Eco Dev/Tourism/Arts $700,000

Salary Increases TBD

Arts $100,000

Neighborhood Partnership Grant (in CIP) $175,000

Neighborhood Enhancements (in CIP) $175,000

General Fund ServicesGeneral Fund

City Administration Services Provided

Public Safety Police and Fire protection

Leisure Services Parks, Recreation Centers, Libraries

Neighborhood AffairsNeighborhood grants, Codes Compliance, Housing

City Development Economic Development, Greenhouse

General GovernmentMayor’s Office, City Council, Finance, Budget, Audit Services

Public Works Street Lighting

Ad Valorem Taxes, 82,237

Other Taxes, 59,957

Intergovernmental, 25,999

Charges for Services, 10,699

Fines & Forfeitures, 3,296

Interest/Misc; 2,315 G&A/PILOT, 25,596

Transfers, 2,044

Fiscal Year 2014 General Fund Revenue BudgetTotal $212,143

(000s Omitted)

General Fund Revenue Other General Fund Revenues

City Use Household Use

Other TaxesTaxes paid on utility bills (electric, gas, water) cell phone bills

Charges for Services Fees paid at Recreation Centers

Fines and Forfeitures Parking Tickets, late fees at Libraries

PILOT Payment in Lieu of Taxes (paid by enterprise fund)

General Administrative Internal charges

Transfers Return on Investment/Equity

Fiscal Year 2014 Property Tax Breakdown

40%

27%

21%

Pinellas County School District

City of St Petersbur

g

All Other

•School State Law•School Local BD

•Ad Valorem• Police

•SWFWMD•PPC•JWB•PSTA•Health

Department•EMS

Pinellas County

Operating

•General Fund

12%

Fiscal Year 2014 Ad Valorem Revenues vs. Police Costs

100,

840

94,9

14

83,1

09

74,9

23

69,6

16

78,5

61

81,7

37

86,9

55

86,1

72

85,0

15

84,4

42

86,2

42

91,7

13

90,7

49

0

20,000

40,000

60,000

80,000

100,000

120,000

FY08 FY09 FY10 FY11 FY12 FY13 FY14

Ad Valorem Revenue vs Police Costs (000s Omitted)

Ad Valorem Tax Revenue

Police Operating Budget

11

Fiscal Year 2014 General Fund Expenditure By Type$212, 143

(000s Omitted)

Personnel71%

Operating Expenses

21%

Capital Out-lay/Social Services

2%Transfers/Debt

6%

FY14 General Fund Expenses by Type

General Fund Expense Crosswalk

General Fund Expense by Type

City Use Household Use

Personnel Cost (salary & benefits)

Health Insurance, contributions to retirement

Operating Expenses Food, cooling and heating

Capital Outlay Purchase of car, oven, washer dryer

Transfer/Debt Mortgage Payments

13

Public Safety58%

City Development

5%

Public Works5%

Leisure & Community

Services19%

General Government

13%

FY14 General Fund Expenses by Administration

Fiscal Year 2014 General Fund Expenditure Budget$212, 143

(000s Omitted)

Conclusion The General Fund provides the basic

services of the city

Providing public safety is the largest investment in the city’s General Fund accounting for 58%

Quality of life type investments in the Leisure Services such as Parks & Recreation and Libraries is the second largest investment in the General Fund at 19%

Conclusion Based on FY14 Budget approximately

27% of your total property tax bill comes into the city’s General Fund

All property taxes collected in FY14 covers just over 90% of the cost of funding the Police Department

Other revenue sources such as utility taxes and sales taxes make up the balance of the General Fund revenues

Budget Process UpdatePlease remain engaged in the budget

process through these upcoming events

July 1 - Mayor submits his Recommended Fiscal Year 2015 Budget to Council

July 24 - Council sets Tentative Millage Rate

September 4 - First Public Hearing

September 18 - Second Public Hearing

Thank you for your participation tonight