table of contents section b - fy19 budget …...pinellas county budget fy19 adopted $2,356,421,730...

TABLE OF CONTENTS SECTION B - FY19 BUDGET SUMMARY

BUDGET SUMMARY TABLE OF CONTENTS PINELLAS COUNTY ORGANIZATION CHART ...................................................................................B-2 DESCRIPTION OF PINELLAS COUNTY GOVERNMENT ....................................................................B-3 BUDGET AT A GLANCE ........................................................................................................................B-4 APPROPRIATIONS AND SOURCES .....................................................................................................B-5 PROPERTY TAX RATES AND REVENUE ............................................................................................B-6 SOURCES AND USES GRAPHICS .......................................................................................................B-7 SUMMARY OF BUDGETS – FY19 .........................................................................................................B-8 APPROPRIATIONS BY FUNCTION AND ACTIVITY.............................................................................B-9 OPERATING BUDGET COMPARISON .................................................................................................B-11 CAPITAL BUDGET COMPARISON .......................................................................................................B-13 OPERATING AND CAPITAL SUMMARY ..............................................................................................B-13 OPERATING AND CAPITAL GRAPHICS ..............................................................................................B-14 RESOURCES AND BALANCES ............................................................................................................B-15 TOTAL FUND BUDGETS .......................................................................................................................B-17 DEPARTMENT / AGENCY BUDGETS BY FUND TYPES .....................................................................B-19 SUMMARY OF CHANGES IN FUND BALANCE ...................................................................................B-21 THREE-YEAR FINANCIAL SUMMARY .................................................................................................B-22 SCHEDULE OF BUDGET TRANSFERS ................................................................................................B-28 LONG-TERM DEBT STRUCTURE FOR PINELLAS COUNTY .............................................................B-29 DEBT SERVICE SUMMARY ...................................................................................................................B-30 PERSONNEL POSITION COMPARISON ..............................................................................................B-33 PERSONNEL POSITION COMPARISON SUMMARY ...........................................................................B-34

ECONOMIC TRENDS AND MAJOR REVENUES..................................................................................B-35 POPULATION ...................................................................................................................................B-35 AVERAGE DAILY RATE................................................................. ..................................................B-36 UNEMPLOYMENT STATISTICS ......................................................................................................B-37 TOTAL LABOR FORCE ...................................................................................................................B-38 HOUSING UNITS PERMITTED ........................................................................................................B-39 TAXABLE VALUE: NEW CONSTRUCTION ...................................................................................B-40 TAXABLE VALUE: COUNTYWIDE .................................................................................................B-41 COUNTYWIDE PROPERTY TAX COLLECTIONS AND MILLAGE RATES ..................................B-42 TAXABLE VALUE: MSTU ................................................................................................................B-43 MSTU PROPERTY TAX COLLECTIONS AND MILLAGE RATE.... .................................................B-44 TAXABLE SALES.............................................................................................................................B-45 ½ CENT SALES TAX AND STATE REVENUE SHARING..............................................................B-46 PENNY FOR PINELLAS ...................................................................................................................B-47 LOCAL OPTION GAS TAX ..............................................................................................................B-48 TOURIST DEVELOPMENT TAX ......................................................................................................B-49 GENERAL FUND BEGINNING FUND BALANCE ...........................................................................B-50

Pinellas County, Florida FY19 Adopted Budget SECTION B - Table of Contents

LEGEND DIRECT AUTHORITY COORDINATION RESPONSIBILITY

Prepared by the Marketing & Communications Department | 7-11-18

Government Organizational Chart

CITIZENS

STATEATTORNEY

BUSINESS TECHNOLOGY SERVICES

OFFICE OF HUMAN RIGHTS

UNIFIED PERSONNEL SYSTEM

COUNTY ADMINISTRATORMark S. Woodard

COUNTY ATTORNEYJewel White

BOARD OFCOUNTY COMMISSIONERSSHERIFF PROPERTY

APPRAISERPUBLIC

DEFENDERCLERK OF THE

CIRCUIT COURTCIRCUIT &

COUNTY COURTSUPERVISOR

OF ELECTIONS TAX COLLECTOR

AGENDA COORDINATION

INTERGOVERNMENTAL RELATIONSBrian Lowack

WORKFORCE DEVELOPMENT

SENIOR EXECUTIVE ASSISTANTDella Klug

SPECIAL ASSISTANT TO THE COUNTY ADMINISTRATORCanaan McCaslin

Parks & Conservation Resources• Air Quality• Extension Services• Florida Botanical Gardens• Heritage Village• Parks• Preserves

Public WorksSolid WasteUtilities

ASSISTANT COUNTY ADMINISTRATORJake Stowers

ASSISTANT COUNTY ADMINISTRATORRahim Harji

AirportBuilding Services Contractor Licensing DepartmentDevelopment Review Services (DRS)• Code Enforcement

Economic DevelopmentPlanning• Community Development

ASSISTANT COUNTY ADMINISTRATORLourdes Benedict

Animal ServicesEmergency ManagementHuman Services• Consumer Protection• Justice Coordination• Veterans Services

Marketing and CommunicationsSafety and Emergency Services• Ambulance Billing and Financial Services• Emergency Medical Services and Fire Administration• Radio and Technology• Regional 9-1-1

ASSISTANT COUNTY ADMINISTRATORPaul Sacco

Convention & Visitors BureauManagement & Budget Office of Technology and InnovationPurchasingReal Estate Management• Fleet• STAR Center

Risk Management

Pinellas County, Florida

FY19 Adopted BudgetB-2

DESCRIPTION OF PINELLAS COUNTY GOVERNMENT

Pinellas County was established in 1912 and is located at the approximate midpoint of the west coast of Florida, bounded on the east by Tampa Bay and on the west by the Gulf of Mexico. The County contains a total area of 439 square miles, of which approximately 280 square miles are land and the balance is water area. With a 2017 estimated permanent population of 962,003, Pinellas County ranks sixth in terms of county population. With the second smallest total land area, Pinellas County is the most densely populated county in Florida with 3,435 people per square land mile. There are 24 incorporated municipalities in Pinellas County. St. Petersburg is the largest city in the County with a 2017 estimated population of 263,769. Clearwater, the County seat, is the second largest city, with a 2017 estimated population of 113,723. Approximately 276,510 people reside within unincorporated Pinellas County.

Seven-Member Commission Elected to Govern County Pinellas County is a political subdivision of the State of Florida. In October 1980, the voters approved a Home Rule Charter for Pinellas County. In accordance with this Charter, the Board of County Commissioners is the legislative body of county government responsible for the formulation of policy. The County Administrator, a professional appointed by the Board, and his staff are responsible for the implementation of those policies. On November 2, 1999, Pinellas County voters changed the composition of the Board from five at-large members to a seven member commission. Four of the members are elected from single member districts and three are elected at-large.

Commissioners Serve on Other Boards The Board of County Commissioners also serves as the Emergency Medical Services Authority, Fire Protection Authority, Economic Development Authority, and Water and Navigation Authority. Individual board members serve on various other boards, authorities, and commissions, including: Tampa Bay Regional Planning Council, Tampa Bay Water, Business Technology Services Board, Forward Pinellas (Metropolitan Planning Organization), Pinellas County Cultural Council, Pinellas Suncoast Transit Authority, Election Canvassing Board, Juvenile Welfare Board, and the Tourist Development Council.

Elected Officials Elected Officials include the Board of County Commissioners, the Judiciary, the State Attorney, Public Defender, and five Constitutional Officers: the Clerk of the Circuit Court, the Property Appraiser, the Sheriff, the Supervisor of Elections, and the Tax Collector. Constitutional Officers are elected to administer a specific function of County government and are directly accountable to the public for its proper operation. The Board funds all or, in some cases, a portion of the operating budgets of the Elected Officials. The Constitutional Officers maintain separate accounting systems and budgets.

Other Government Agencies Based on the degree of budgetary authority, taxing authority, and reporting and alignments with independent boards/councils, several other governmental entities also have their budgets reviewed and approved by the Board of County Commissioners. These independent agencies include: Business Technology Services, Human Resources, and the Office of Human Rights. The budgets of these agencies and the Constitutional Officers, as well as the County portion of support for Courts, are included in this document.

Role of the County Administrator In 1964, Pinellas was the first Florida County to adopt the Commission/Administrator form of Government. The County Administrator is appointed by the Board of County Commissioners and is responsible for carrying out the directives and policies of the Board. The County Administrator is also responsible for the management and supervision of all functions and personnel under the Board of County Commissioners in accordance with Section 4.01 of the Pinellas County Charter.

Pinellas County, Florida B3 FY19 Adopted Budget

Doing Things Dollars

$Money

$

$ $

Pinellas County, FloridaBudget Money

7274643596

7274643000

Board of County Commissioners - Governmental and Enterprise

Services$1,514.8M

How Funding isDistributed (In Millions)

Physical Environment . . 28%Public Safety . . . . . . . . . . 25%Governmental Support . 25%Transportation . . . . . . . . 10%Economic Environment . .7%Human Services . . . . . . . . 3%Culture & Recreation . . . . 2%

Designated Funds35%

Fees & Charges23%

Property Taxes23%

Other Revenues13%

Intergovernmental 6%

ConstitutionalOfficers

$367.7M

Others$474.0M

64%16%20%

Major County Services Cost Summary(Including Reserves)

Pinellas County Management & Budget(727) 464-3596 • www.pinellascounty.org/budget

Budget FY2019Adopted $2,356,421,730

09/18

Pinellas County is Doing Things for citizens

every day through prudent management of the

county budget.

Anticipated County Resources (Including Fund Balances)

Pinellas County, Florida B-4 FY19 Adopted Budget

PINELLAS COUNTY BUDGET FY19 ADOPTED $2,356,421,730 ORGANIZATION COST SUMMARY (In Millions)

Board of County Commissioners

$1,514.8 – 64.3% Constitutional Officers

$367.7 – 15.6% Others

$474.0 – 20.1%

Operating CIP Budget Summary Costs Costs * Board County Comm. $ 2.1* County Attorney 5.3 * County Administrator:Enterprise Services 412.4 246.1 (Self-supporting Services for Water, Sewer, Solid Waste and Airport)

Governmental Services 627.9 220.9 ( Parks, Road Maintenance,

EMS, etc.) _______ _______ Total $1,047.7 $467.1

Operating CIP Budget Summary Costs Costs

* Clerk of the Court $ 12.6* Property Appraiser 11.3 * Sheriff 301.9 $ 13.2 * Supervisor of Elections 7.8* Tax Collector 20.9

_______ ______ Total $354.5 $ 13.2

Budget Summary Operating costs: $ 446.3 CIP Costs: $ 27.7 Includes Independent and Special purpose agencies such as:

* Court Support* General Government* Voted Fire Districts* Other Voted Districts* Unified Personnel System* Business Technology

Services* Risk Management

MAJOR COUNTY SERVICES COST SUMMARY (Including Reserves) Physical

Environment Public Safety

Governmental Support Transportation Economic

Environment Human

Services Culture &

Recreation

$649.9 27.6%

$585.8 24.9%

$588.9 25.0%

$230.5 9.8%

$176.9 7.5%

$75.8 3.2%

$48.6 2.0%

ANTICIPATED COUNTY RESOURCES (Including Fund Balances) Intergovernmental (including State &

Federal) Fees & Charges Other Revenues Property Taxes Designated

Funds $145.0 6.1%

$546.9 23.2%

$298.6 12.7%

$536.8 22.8%

$829.1 35.2%

Examples:

* State RevenueSharing

* Grants* State Gas Taxes

Examples:

* EnterpriseCharges

* GovernmentCharges

* MiscellaneousFees

Examples:

* Local OptionTaxes

* Judgments, Fines,and Forfeitures

* Interest and Rents

Major Millages:

* County-wide 6.2748 * Municipal Services 2.0857* Library 0.5000

Cooperative

Examples:

* “Pay as you go”Reserves

* Reserve – FundBalance

A P P R O P R I A T I O N S

S O U R C E S


Final Taxable Ad Valorem Estimated Taxable Ad Valorem Budgeted

Tax Rate Value Calculated Revenue Tax Rate Value Calculated Revenue

(Millage) of 1 Mill @ 100% @ 96% (Millage) of 1 Mill @ 100% @ 95%Countywide

General Fund 5.2755 73,503,171 387,765,979 372,255,340 5.2755 79,414,027 418,948,800 398,001,360Special Revenue

Health 0.0835 73,503,171 6,137,515 5,892,020 0.0835 79,414,027 6,631,071 6,299,520

Emergency Medical Services 0.9158 68,872,953 63,073,851 60,550,900 0.9158 74,779,071 68,482,673 65,058,540

Total B.C.C. Countywide 6.2748 n/a 456,977,344 438,698,260 6.2748 n/a 494,062,544 469,359,420

Dependent MSTU Special Districts

Municipal Service Taxing Unit 2.0857 2.0857 18,775,565 39,160,196 37,202,200

Public Library Cooperative-MSTU 0.5000 10,807,710 5,403,855 5,187,710 0.5000 11,463,749 5,731,874 5,445,290

Palm Harbor Rec. & Library Dst 0.5000 4,176,528 2,088,264 2,004,740 0.5000 4,466,321 2,233,161 2,121,520

Feather Sound Community Svcs Dst* 0.5000 310,511 155,255 149,050 0.7000 325,681 227,977 216,580

East Lake Library Svcs District 0.2500 2,815,127 703,782 675,640 0.2500 2,939,168 734,792 698,060

East Lake Recreation Svcs District 0.2500 2,815,127 703,782 675,640 0.2500 2,939,168 734,792 698,060

Fire Protection Districts

Belleair Bluffs 1.7320 349,762 605,788 581,560 1.7320 368,691 638,572 606,650

Clearwater 3.2092 1,092,045 3,504,592 3,364,410 3.2092 1,168,318 3,749,366 3,561,900

Dunedin 2.9222 357,304 1,044,114 1,002,350 2.9222 390,331 1,140,624 1,083,600

Gandy 2.2977 59,651 137,061 131,580 2.2977 62,686 144,034 136,840

High Point 2.6700 785,038 2,096,051 2,012,210 2.6700 827,038 2,208,191 2,097,790

Largo 3.5609 622,542 2,216,810 2,128,140 3.5609 677,841 2,413,724 2,293,040

Pinellas Park 3.1976 290,443 928,720 891,580 3.1976 302,117 966,048 917,750

Safety Harbor 2.8118 80,981 227,703 218,600 2.8118 85,505 240,423 228,410

Seminole 1.9581 2,810,382 5,503,009 5,282,890 1.9581 2,998,511 5,871,385 5,577,820

South Pasadena 0.9137 142,793 130,470 125,260 0.9137 158,516 144,836 137,600

Tarpon Springs 2.3745 200,730 476,633 457,570 2.3745 215,894 512,641 487,010

Tierra Verde 1.9118 920,928 1,760,629 1,690,210 1.9118 993,973 1,900,277 1,805,270

PROPERTY TAX RATES AND REVENUEFY18 FY19

*The Feather Sound Community Services District has requested a millage rate of 0.7 mills, which is higher than the current 0.5 mills. Theincreased rate is subject to BCC approval in the FY19 budget adoption process.

The FY19 Ad Valorem amounts for the General Fund have been adjusted to reflect the actual budgeted total.

Property taxes, also known as, “Ad Valorem” (according to value) taxes, are assessed on real property and on tangible personal (business)property. The tax rate is expressed in “mills”. One mill is one dollar of taxes for each thousand dollars of taxable value. For example, a taxrate of 5.9 mills on a taxable value of $100,000 yields $590 in taxes. The taxable values as of January 1 are established annually by theCounty Property Appraiser and certified for budget purposes in June. Final taxable values are certified following the appeal and adjustmentprocess. The FY18 final taxable value of one mill reflects post-Value Adjustment Board values. Estimated revenue is calculated at 96% andrepresents the expected collection amounts for FY18 based on historical trends.

The millage rate is approved annually by the Board of County Commissioners by resolution as part of the budget process. This processmust follow the “Truth in Millage” (TRIM) law (Ch. 200.065 F.S.), regarding timing, advertisement, and conduct of public hearings. By FloridaLaw, local governments must budget at least 95% of the calculated revenue for property taxes. The difference from 100% allows forcollection fees, discounts, and revenue that is not received during the fiscal year.


17,704,566 36,926,413 35,449,360

SOURCES & USES

$649,945,710 Physical Environment

27.6%

$48,617,650 Culture & Recreation

2.0%

$585,784,350 Public Safety

24.9%

$176,867,760 Economic Environment

7.5%

$230,471,430 Transportation

9.8%

$75,826,350 Human Services

3.2%

$588,908,480 Governmental

Support25.0%

FY19 Uses: $2,356,421,730

$536,839,680 Property Taxes

22.8%

$144,961,580 Intergovernmental

6.1%

$546,910,080 Fees & Charges

23.2%

$829,077,550 Designated Funds

35.2%

$298,632,840 Other Revenues

12.7%

FY19 Sources: $2,356,421,730


PINELLAS COUNTY

General Special Debt Capital Internal

County-wide Revenue Service Projects Enterprise Service TOTAL

DESCRIPTION & MSTU Fund Funds Funds

SOURCES

Ad Valorem Taxes * 436,458,560 100,381,120 0 0 0 0 536,839,680

Sales and Use Taxes 8,571,860 80,915,650 0 97,563,950 0 0 187,051,460

Licenses and Permits 1,641,300 27,548,640 0 0 115,040 0 29,304,980

Intergovernmental Revenue 92,535,750 30,040,120 0 20,829,900 1,555,810 0 144,961,580

Charges for Services 51,049,270 57,407,750 0 0 273,916,200 155,172,830 537,546,050

Fines & Forfeitures 994,260 978,730 0 0 0 0 1,972,990

Miscellaneous Revenue 32,931,500 16,266,790 0 1,896,480 18,424,300 1,547,000 71,066,070

Internal Service Charges 0 0 0 0 0 0 0

RECEIPTS (@ 95%) 624,182,500 313,538,800 0 120,290,330 294,011,350 156,719,830 1,508,742,810

Transfers In 0 5,343,860 0 23,077,780 93,777,940 2,000,000 124,199,580

Debt Proceeds 0 0 0 0 0 0 0

Nonoperating Sources 0 0 0 0 18,601,370 0 18,601,370

Balances Brought Forward 99,352,140 172,218,410 0 100,658,100 346,174,370 110,674,530 829,077,550

TOTAL 723,534,640 491,101,070 0 244,026,210 752,565,030 269,394,360 2,480,621,310

* Including Delinquent Taxes

& Redemptions

APPROPRIATIONS

General Government 166,739,530 4,012,950 0 35,745,000 15,082,870 168,836,300 390,416,650

Public Safety 331,669,650 164,408,840 0 39,150,000 0 0 535,228,490

Physical Environment 10,774,320 26,709,740 0 36,165,000 301,436,000 0 375,085,060

Transportation 3,330 41,324,390 0 82,342,300 48,011,910 0 171,681,930

Economic Environment 22,997,750 109,283,470 0 5,250,000 0 0 137,531,220

Human Services 64,531,350 9,549,860 0 550,000 0 0 74,631,210

Culture/Recreation 20,211,380 9,117,430 0 18,926,900 0 0 48,255,710

Transfers Out 11,074,230 17,478,240 0 1,869,170 93,777,940 0 124,199,580

Reserves 95,533,100 109,216,150 0 24,027,840 294,256,310 100,558,060 623,591,460

TOTAL 723,534,640 491,101,070 0 244,026,210 752,565,030 269,394,360 2,480,621,310

Total of All Budgets 2,480,621,310

Less Transfers (124,199,580)

Total of All Budgets Net of Transfers 2,356,421,730

SUMMARY OF BUDGETS - FISCAL YEAR 2019


FY18 FY19 Change +/- %Revised Budget Adopted

Court-Related ExpendituresCourt Administration - Circuit Juvenile 672,940 705,380 32,440Court Administration - Probate 357,710 356,030 (1,680)Courthouse Facilities 6,345,000 27,675,000 21,330,000Drug Court-Circuit Criminal 675,000 675,000 0Guardian Ad Litem-Circuit Juvenile 38,350 43,410 5,060Information Systems 7,623,850 8,059,710 435,860Legal Aid 386,690 373,810 (12,880)Pre-Filing Alternative Dispute Resolution Programs 695,460 723,320 27,860Public Defender Administration 1,051,720 1,074,960 23,240Public Law Library 263,150 264,550 1,400Trial Court Law Clerks/Legal Support 782,270 743,850 (38,420)

Total Court-Related Expenditures 18,892,140 40,695,020 21,802,880 115.4%Culture/Recreation

Cultural Services 571,350 593,150 21,800Libraries 6,937,220 7,367,100 429,880Parks and Recreation 41,417,390 40,642,250 (775,140)Special Recreation Facilities 11,840 15,150 3,310

Total Culture/Recreation 48,937,800 48,617,650 (320,150) (0.7%)Economic Environment

Employment Opportunity and Development 782,440 840,050 57,610Housing and Urban Development 47,362,830 47,565,840 203,010Industry Development 111,789,580 125,280,950 13,491,370Other Economic Environment 5,222,000 2,482,100 (2,739,900)Veteran’s Services 690,570 698,820 8,250

Total Economic Environment 165,847,420 176,867,760 11,020,340 6.6%General Government

Comprehensive Planning 5,696,720 5,911,280 214,560Debt Service Payments 16,418,110 17,483,540 1,065,430Executive 1,561,940 1,794,130 232,190Financial and Administrative 69,526,010 75,688,400 6,162,390Legal Counsel 5,103,030 5,285,200 182,170Legislative 75,980,240 97,629,780 21,649,540Non-Court Information Systems 64,727,770 79,522,590 14,794,820Other General Governmental Services 259,289,230 264,898,540 5,609,310

Total General Government 498,303,050 548,213,460 49,910,410 10.0%Human Services

Health Services 53,916,730 54,286,990 370,260Mental Health Services 5,703,630 6,178,310 474,680Other Human Services 5,364,370 5,868,650 504,280Public Assistance Services 9,285,450 9,492,400 206,950

Total Human Services 74,270,180 75,826,350 1,556,170 2.1%

APPROPRIATIONS BY FUNCTION & ACTIVITY


FY18 FY19 Change +/- %Revised Budget Adopted

APPROPRIATIONS BY FUNCTION & ACTIVITY

Physical EnvironmentConservation and Resource Management 39,185,260 30,981,300 (8,203,960)Flood Control/Stormwater Management 47,719,040 46,488,880 (1,230,160)Garbage/Solid Waste Control Services 296,844,530 271,772,290 (25,072,240)Sewer/Wastewater Services 131,644,100 121,175,530 (10,468,570)Water Utility Services 158,474,770 179,527,710 21,052,940

Total Physical Environment 673,867,700 649,945,710 (23,921,990) (3.5%)Public Safety

Ambulance and Rescue Services 146,859,190 154,650,630 7,791,440Consumer Affairs 1,171,310 1,254,930 83,620Detention and/or Correction 44,484,000 16,857,470 (27,626,530)Emergency and Disaster Relief Services 39,911,020 24,522,690 (15,388,330)Fire Control 32,129,170 37,633,510 5,504,340Law Enforcement 291,563,720 302,830,530 11,266,810Medical Examiners 6,482,390 6,515,430 33,040Other Public Safety 7,613,630 29,165,020 21,551,390Protective Inspections 15,545,990 12,354,140 (3,191,850)

Total Public Safety 585,760,420 585,784,350 23,930 0.0%Transportation

Airports 67,663,180 70,588,790 2,925,610Road and Street Facilities 175,078,560 159,882,640 (15,195,920)

Total Transportation 242,741,740 230,471,430 (12,270,310) (5.1%)Total all Functions & Activities 2,308,620,450 2,356,421,730 47,801,280 2.1%


FY18 FY19 Change +/-%@5/31/18 Adopted


Board of County Commissioners 1,870,410 2,096,680 226,270 12.1%

County Attorney 5,103,030 5,285,200 182,170 3.6%

County Administrator - Governmental

County Administrator 1,816,890 2,373,010 556,120Animal Services 5,755,850 6,187,130 431,280Asset Management 0 1,134,500 1,134,500Building Services 11,651,800 8,636,820 (3,014,980)Contractor Licensing Department 1,726,050 1,464,820 (261,230)Convention & Visitors Bureau 101,730,930 97,034,700 (4,696,230)Development Review Services 4,910,230 4,769,160 (141,070)Economic Development 3,107,580 3,078,910 (28,670)Emergency Management 1,356,290 1,531,760 175,470Human Services 69,147,340 66,289,770 (2,857,570)Management and Budget 4,306,050 4,202,750 (103,300)Marketing & Communications 2,900,810 2,894,260 (6,550)Parks and Conservation Resources 24,349,800 24,988,170 638,370Planning 29,495,120 28,216,550 (1,278,570)Public Works 104,607,860 94,145,620 (10,462,240)Purchasing 1,898,070 2,131,010 232,940Real Estate Management 65,495,340 68,527,250 3,031,910Risk Financing Administration 10,276,160 11,296,530 1,020,370Safety & Emergency Services 171,023,160 179,620,830 8,597,670Technology and Innovation 10,764,510 19,398,840 8,634,330Total County Administrator Governmental 626,319,840 627,922,390 1,602,550 0.3%

County Administrator - EnterpriseAirport 35,851,980 37,136,370 1,284,390Sewer System 86,495,800 89,994,020 3,498,220Solid Waste Management 172,700,020 183,648,550 10,948,530Water System 96,664,230 101,640,760 4,976,530Total County Administrator - Enterprise 391,712,030 412,419,700 20,707,670 5.3%

Total County Administrator 1,018,031,870 1,040,342,090 22,310,220 2.2%

Total Board of County Commissioners 1,025,005,310 1,047,723,970 22,718,660 2.2%

OPERATING BUDGET COMPARISON


FY18 FY19 Change +/-%@5/31/18 Adopted

OPERATING BUDGET COMPARISON

Constitutional OfficersClerk of the Circuit Court 11,907,350 12,620,700 713,350Property Appraiser 10,981,290 11,294,480 313,190Sheriff 289,524,760 301,876,400 12,351,640Supervisor of Elections 7,523,510 7,789,130 265,620Tax Collector 20,673,200 20,936,430 263,230Total Constitutional Officers 340,610,110 354,517,140 13,907,030 4.1%

OtherCourt Support ServicesCriminal Justice Information System 4,541,990 4,280,450 (261,540)Judiciary (including Law Libraries) 4,445,020 4,609,400 164,380Public Defender 1,200,020 1,299,020 99,000State Attorney 311,570 324,250 12,680Total Court Support Services 10,498,600 10,513,120 14,520 0.1%Independent AgenciesBusiness Technology Services 40,452,560 40,273,480 (179,080)Human Resources 4,404,500 4,360,540 (43,960)Office of Human Rights 1,168,280 1,198,570 30,290Total Independent Agencies 46,025,340 45,832,590 (192,750) (0.4%)Support FundingDrug Abuse Trust 116,960 107,790 (9,170)East Lake Library Services District 718,830 749,740 30,910East Lake Recreation Services District 718,750 749,660 30,910Employee Health Benefits 125,640,350 137,863,900 12,223,550Feather Sound Community Services District 308,270 283,750 (24,520)Fire Protection Districts 31,693,770 36,713,640 5,019,870General Government 134,899,390 150,513,600 15,614,210Health Department 6,147,110 7,628,200 1,481,090Lealman CRA Trust 625,550 1,239,640 614,090Lealman Solid Waste Collection and Disposal 1,754,970 1,787,850 32,880Medical Examiner 6,390,560 6,219,270 (171,290)Palm Harbor Community Services District 2,137,020 2,276,520 139,500Public Library Cooperative 5,356,320 5,695,070 338,750Risk Financing Liability/Workers Compensation 33,941,960 36,644,100 2,702,140Street Lighting Districts 1,380,520 1,468,780 88,260Total Support Funding 351,830,330 389,941,510 38,111,180 10.8%Total Other 408,354,270 446,287,220 37,932,950 9.3%

TOTAL OPERATING BUDGET 1,773,969,690 1,848,528,330 74,558,640 4.2%


FY18 FY19 Change +/- %@5/31/18 Adopted

Board of County CommissionersCounty Administrator - GovernmentalPhysical Environment 47,513,370 38,665,000 (8,848,370)Culture & Recreation 13,577,750 28,071,900 14,494,150Economic Environment 470,000 725,000 255,000General Government 20,524,000 8,070,000 (12,454,000)Human Services 6,781,300 5,800,000 (981,300)Public Safety 3,353,000 25,985,000 22,632,000Transportation 90,623,690 89,498,300 (1,125,390)Reserves 28,554,710 24,027,840 (4,526,870)Other Non Project Items 9,900 75,000 65,100Total County Administrator - Governmental 211,407,720 220,918,040 9,510,320 4.5%County Administrator - EnterpriseAirport 31,811,200 33,393,550 1,582,350Solid Waste Management 122,415,540 86,304,100 (36,111,440)Water System 61,810,540 77,814,230 16,003,690Sewer System 60,978,760 48,623,480 (12,355,280)Total County Administrator - Enterprise 277,016,040 246,135,360 (30,880,680) (11.1%)Total Board of County Commissioners 488,423,760 467,053,400 (21,370,360) (4.4%)Courts & JailCourts & Jail - General Government Services 6,345,000 27,675,000 21,330,000Courts & Jail - Public Safety 39,882,000 13,165,000 (26,717,000)Total Courts & Jail 46,227,000 40,840,000 (5,387,000) (11.7%)TOTAL CAPITAL 534,650,760 507,893,400 (26,757,360) (5.0%)

FY18 FY19 Change +/- %@5/31/18 Adopted

Board of County Commissioners - Governmental 844,701,000 856,222,310 11,521,310 1.4%Board of County Commissioners - Enterprise 668,728,070 658,555,060 (10,173,010) (1.5%)Constitutional Officers * 380,492,110 367,682,140 (12,809,970) (3.4%)Court Support Services * 16,843,600 38,188,120 21,344,520 126.7%Independent Agencies 46,025,340 45,832,590 (192,750) (0.4%)Support Funding 351,830,330 389,941,510 38,111,180 10.8%TOTAL OPERATING & CAPITAL 2,308,620,450 2,356,421,730 47,801,280 2.1%

CAPITAL BUDGET COMPARISON

OPERATING & CAPITAL SUMMARY

* Constitutional Officers includes Courts & Jail (Public Safety) capital. Court Support includes Courts & Jail (General Government Services) capital.


23,373,700

OPERATING AND CAPITAL

$633.3

$391.7 $340.6

$10.5 $46.0

$351.8

$635.3

$412.4

$354.5

$10.5 $45.8

$389.9

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FY18 FY19

Enterprise $246.1

Physical Environment $38.7

Culture & Recreation $28.1

General Government $8.1

Public Safety $26.0Transportation $89.5

Other $6.6

Courts & Jail $40.8

Reserves $24.0

246,135,360.0 FY19 Capital Projects (shown in millions)

Note: "Other" includes Economic Environment and Human Services.

Operating Budget Comparison (shown in millions)


Pinellas County

Resources and Balances

TitleFY18

BudgetFY19

Budget Change +/- %

Taxes

Ad Valorem Taxes 498,021,160 536,839,680 38,818,520 7.8%

Communication Svcs 8,660,760 8,571,860 (88,900) (1.0)%

Local Business Taxes 712,500 755,360 42,860 6.0%

Sales,Use&Fuel Taxes 167,546,570 177,724,240 10,177,670 6.1%

Taxes Total 674,940,990 723,891,140 48,950,150 7.3%

License and Permits

Licenses 62,920 59,770 (3,150) (5.0)%

Permits,Fees,Spec Assessments 29,643,670 29,245,210 (398,460) (1.3)%

License and Permits Total 29,706,590 29,304,980 (401,610) (1.4)%

Intergovernmental Revenue

Federal Grants 23,573,650 39,579,940 16,006,290 67.9%

Grants from Local Governments 4,375,470 6,726,520 2,351,050 53.7%

Shared Revenue-Local 623,200 623,200 0 0

State Grants 26,921,370 15,746,520 (11,174,850) (41.5)%

State Share Revenue 82,755,690 82,285,400 (470,290) (0.6)%

Intergovernmental Revenue Total 138,249,380 144,961,580 6,712,200 4.9%

Charges for Services

Charges for Svc-Gen Govt 2,831,750 1,540,900 (1,290,850) (45.6)%

Chg for Svc-Culture/Recreation 5,585,130 5,586,600 1,470 0.0%

Chg for Svc-Economic Environment 42,750 38,000 (4,750) (11.1)%

Chg for Svc-Gen Govt 668,790 618,480 (50,310) (7.5)%

Chg for Svc-Human Svc 2,748,900 3,411,660 662,760 24.1%

Chg for Svc-Other 12,706,270 13,022,750 316,480 2.5%

Chg for Svc-Physical Environment 258,703,210 271,131,030 12,427,820 4.8%

Chg for Svc-Public Safety 85,505,840 89,166,050 3,660,210 4.3%

Chg for Svc-Transportation 3,480,970 4,018,850 537,880 15.5%

Court Related Revenue 4,129,950 4,016,710 (113,240) (2.7)%

Internal Svc Chgs 128,981,210 144,995,020 16,013,810 12.4%

Charges for Services Total 505,384,770 537,546,050 32,161,280 6.4%

Excess Fees - Constitutional Officers

County Officer Fees 10,112,590 9,364,030 (748,560) (7.4)%

Excess Fees - Constitutional Officers Total 10,112,590 9,364,030 (748,560) (7.4)%

Fines and Forfeitures

Judgements and Fines 2,206,770 1,972,990 (233,780) (10.6)%

Fines and Forfeitures Total 2,206,770 1,972,990 (233,780) (10.6)%

Interest & Other Earnings 11,603,350 10,563,610 (1,039,740) (9.0)%


Pinellas County

Resources and Balances

TitleFY18

BudgetFY19

Budget Change +/- %

Interest Earnings Total 11,603,350 10,563,610 (1,039,740) (9.0)%

Rents, Surplus and Refunds

Contributions-Private Sources 2,813,990 1,474,880 (1,339,110) (47.6)%

Rents & Royalties 14,950,530 17,756,660 2,806,130 18.8%

Sale & Disp of Assets 552,900 632,800 79,900 14.5%

Sales of Surplus Materials 607,660 503,580 (104,080) (17.1)%

Rents, Surplus and Refunds Total 18,925,080 20,367,920 1,442,840 7.6%

Other Misc. Revenue

Other Miscellaneous Revenues 28,292,460 30,770,510 2,478,050 8.8%

Other Misc. Revenue Total 28,292,460 30,770,510 2,478,050 8.8%

Debt Proceeds

Debt Proceeds 500,000 0 (500,000) (100.0)%

Debt Proceeds Total 500,000 0 (500,000) (100.0)%

Non-Operating Revenue

Capital Contribution-Federal 9,451,600 10,620,140 1,168,540 12.4%

Capital Contribution-Other 3,800,000 3,964,350 164,350 4.3%

Capital Contribution-Private 3,258,500 1,653,260 (1,605,240) (49.3)%

Capital Contribution-State 1,735,600 2,276,020 540,420 31.1%

Grants&Donations-Federal 94,560 87,600 (6,960) (7.4)%

Non-Operating Revenue Total 18,340,260 18,601,370 261,110 1.4%

Beginning Fund Balance

O2710201 FB-Unrsv-Cntywide-Beg 730,667,320 700,271,170 (30,396,150) (4.2)%

O2710202 FB-Unrsv-Mstu-Beg 173,590 0 (173,590) (100.0)%

O2810001 Fund Balance-Restricted 29,087,720 26,850,420 (2,237,300) (7.7)%

O2820001 Fund Balance-Committed 1,298,140 2,603,820 1,305,680 100.6%

O2840001 Fund Balance-Unassigned 109,131,440 99,352,140 (9,779,300) (9.0)%

Beginning Fund Balance Total 870,358,210 829,077,550 (41,280,660) (4.7)%

Report Total 2,308,620,450 2,356,421,730 47,801,280 2.1%

B-16 FY19 Adopted Budget

Total Fund Budgets

FUND FY18 Budget FY19 Request Change +/- %

GENERAL FUND 690,734,940 723,534,640 32,799,700 4.7%

SPECIAL REVENUE FUNDS

County Transportation Trust 64,012,960 64,316,470 303,510 0.5%

Health Department 6,147,110 7,628,200 1,481,090 24.1%

Pinellas County Health Program 2,696,300 2,650,000 (46,300) (1.7)%

Emergency Medical Service 148,658,120 156,588,330 7,930,210 5.3%

Community Development Grant 15,553,540 16,721,110 1,167,570 7.5%

State Housing Initiatives Partnership (SHIP) 9,650,710 6,530,940 (3,119,770) (32.3)%

Gifts for Animal Welfare Trust 506,910 561,290 54,380 10.7%

Tree Bank 115,790 232,970 117,180 101.2%

Public Library Cooperative 5,356,320 5,695,070 338,750 6.3%

School Crossing Guard Trust 101,780 100,020 (1,760) (1.7)%

Intergovernmental Radio Communication 761,730 772,180 10,450 1.4%

STAR Center 8,171,820 9,733,680 1,561,860 19.1%

Emergency Communications 911 System 11,908,690 13,103,490 1,194,800 10.0%

Community Housing Trust 1,378,180 1,926,280 548,100 39.8%

Building Services 11,800,250 8,742,220 (3,058,030) (25.9)%

Tourist Development Tax 106,390,440 118,362,940 11,972,500 11.3%

Fire Districts 31,693,770 36,713,640 5,019,870 15.8%

Construction Licensing Board 1,726,050 1,464,820 (261,230) (15.1)%

Air Quality - Tag Fee 2,185,390 2,067,660 (117,730) (5.4)%

Palm Harbor Community Services District 2,137,020 2,276,520 139,500 6.5%

Feather Sound Community Services District 308,270 283,750 (24,520) (8.0)%

East Lake Library Services District 718,830 749,740 30,910 4.3%

East Lake Recreation Services District 718,750 749,660 30,910 4.3%

Drug Abuse Trust 116,960 107,790 (9,170) (7.8)%

Lealman Community Redevelopment Area Trust 625,550 1,239,640 614,090 98.2%

Street Lighting District 1,380,520 1,468,780 88,260 6.4%

Lealman Solid Waste Collection & Disposal District 1,754,970 1,787,850 32,880 1.9%

Surface Water Utility Fund 30,003,290 28,526,030 (1,477,260) (4.9)%

Subtotal 466,580,020 491,101,070 24,521,050 5.3%


Total Fund Budgets

FUND FY18 Budget FY19 Request Change +/- %

CAPITAL IMPROVEMENT FUNDS

Capital Projects 253,604,820 242,082,040 (11,522,780) (4.5)%

Multimodal Impact Fees 1,236,130 1,944,170 708,040 57.3%

Subtotal 254,840,950 244,026,210 (10,814,740) (4.2)%

INTERNAL SERVICE FUNDS

Business Technology Services 51,217,070 59,672,320 8,455,250 16.5%

Fleet Management 23,078,170 23,917,510 839,340 3.6%

Risk Financing 44,218,120 47,940,630 3,722,510 8.4%

Employee Health Benefits 125,640,350 137,863,900 12,223,550 9.7%

Subtotal 244,153,710 269,394,360 25,240,650 10.3%

ENTERPRISE FUNDS

Airport Funds 68,613,180 70,588,790 1,975,610 2.9%

Water Funds 180,640,310 205,521,020 24,880,710 13.8%

Sewer Funds 183,426,010 176,443,700 (6,982,310) (3.8)%

Solid Waste Funds 325,115,560 300,011,520 (25,104,040) (7.7)%

Subtotal 757,795,060 752,565,030 (5,230,030) (0.7)%

Total Budget All Funds 2,414,104,680 2,480,621,310 66,516,630 2.8%

less Budgeted Transfers (105,484,230) (124,199,580) (18,715,350) 17.7%

TOTAL NET BUDGET FOR ALL FUNDS 2,308,620,450 2,356,421,730 47,801,280 2.1%


FY19 DEPARTMENT / AGENCY BUDGETS: BY FUND TYPES

Department / AgencyGeneral

Fund

Special Revenue

FundsEnterprise / Other Funds

Internal Service Funds Total


Board of County Commissioners (Section C)County Attorney 5,285,200 0 0 0 5,285,200

Board of County Commissioners 2,096,680 0 0 0 2,096,680Total 7,381,880 0 0 0 7,381,880

County Administrator Departments (Section D)County Administrator 1,794,130 346,850 232,030 0 2,373,010

Airport 0 0 70,529,920 0 70,529,920

Animal Services 5,625,840 561,290 0 0 6,187,130

Building Services 0 8,636,820 0 0 8,636,820

Contractor Licensing Department 0 1,464,820 0 0 1,464,820

Convention & Visitors Bureau 0 118,362,940 0 0 118,362,940

Development Review Services 4,769,160 0 0 0 4,769,160

Economic Development 3,078,910 0 0 0 3,078,910

Emergency Management 1,531,760 0 0 0 1,531,760

Human Services 63,639,770 2,650,000 0 0 66,289,770

Marketing and Communications 2,894,260 0 0 0 2,894,260

Office of Asset Management 1,134,500 0 0 0 1,134,500

Office of Management & Budget 4,202,750 0 0 0 4,202,750

Office of Technology and Innovation 0 0 0 19,398,840 19,398,840

Parks & Conservation Resources 22,687,540 2,300,630 0 0 24,988,170

Planning 3,238,220 25,178,330 0 0 28,416,550

Public Works 16,220,240 92,751,380 0 0 108,971,620

Purchasing 2,131,010 0 0 0 2,131,010

Real Estate Management 35,601,060 9,733,680 0 23,917,510 69,252,250

Risk Management Administration 0 0 0 11,296,530 11,296,530

Safety and Emergency Services 9,307,160 170,313,670 0 0 179,620,830

Solid Waste 0 0 212,972,620 0 212,972,620

Utilities 0 0 256,298,940 0 256,298,940

Utilities and Solid Waste Capital 0 0 212,531,520 0 212,531,520

Total 177,856,310 432,300,410 752,565,030 54,612,880 1,417,334,630

Constitutional Officers (Section E)Clerk of the Circuit Court and Comptroller 12,620,700 0 0 0 12,620,700

Property Appraiser 11,294,480 0 0 0 11,294,480

Sheriff 301,776,380 100,020 0 0 301,876,400

Supervisor of Elections 7,789,130 0 0 0 7,789,130

Tax Collector 20,936,430 0 0 0 20,936,430Total 354,417,120 100,020 0 0 354,517,140


FY19 DEPARTMENT / AGENCY BUDGETS: BY FUND TYPES

Department / AgencyGeneral

Fund

Special Revenue

FundsEnterprise / Other Funds

Internal Service Funds Total

Other Departments and Agencies

Court Support Services (Section F)Consolidated Case Management System 4,280,450 0 0 0 4,280,450

Judiciary 4,609,400 0 0 0 4,609,400

Public Defender 1,299,020 0 0 0 1,299,020

State Attorney 324,250 0 0 0 324,250Total 10,513,120 0 0 0 10,513,120

Independent Agencies (Section G)Business Technology Services 0 0 0 40,273,480 40,273,480Human Resources 4,360,540 0 0 0 4,360,540Office of Human Rights 1,198,570 0 0 0 1,198,570

Total 5,559,110 0 0 40,273,480 45,832,590

Support Funding (Section H)Drug Abuse Trust Fund 0 107,790 0 0 107,790

East Lake Library District 0 749,740 0 0 749,740

East Lake Recreation District 0 749,660 0 0 749,660

Employee Health Benefits 0 0 0 137,863,900 137,863,900

Feather Sound Community Services District 0 283,750 0 0 283,750

Fire Protection Districts 0 36,713,640 0 0 36,713,640

Health Department 0 7,628,200 0 0 7,628,200

Lealman CRA Trust 0 1,239,640 0 0 1,239,640

Lealman Solid Waste 0 1,787,850 0 0 1,787,850

Medical Examiner 6,219,270 0 0 0 6,219,270

Palm Harbor Community Services District 0 2,276,520 0 0 2,276,520

Public Library Cooperative 0 5,695,070 0 0 5,695,070

Risk Management Liability / Workers Compensation 0 0 0 36,644,100 36,644,100

Street Lighting Districts 0 1,468,780 0 0 1,468,780

Total 167,807,100 58,700,640 0 174,508,000 401,015,740

Governmental Capital (Section I) 0 0 244,026,210 0 244,026,210

Grand Total 723,534,640 491,101,070 996,591,240 269,394,360 2,480,621,310


Other Total

General Fund

(0001)

Capital

Projects Fund

(3001)

Non-Major

Governmental

Funds

Governmental

Funds

Total Revenues & Other Sources 624,182,500 143,368,110 318,882,660 1,086,433,270

Total Expenditures & Other Uses 628,001,540 218,054,200 383,121,050 1,229,176,790

Revenues & Other Sources over (under) Expenditures & Other Uses (3,819,040) (74,686,090) (64,238,390) (142,743,520)

Beginning Fund Balance - October 1, 2018 99,352,140 98,713,930 173,454,540 371,520,610

Ending Fund Balance - September 30, 2019 95,533,100 24,027,840 109,216,150 228,777,090

Increase (decline) % vs Beginning Fund Balance -3.8% -75.7% -37.0% -38.4%

(a) (b) (c)

Notes: Per Florida Statutes 200.065(2)(a), ad valorem revenues are budgeted based on 95% of taxable value.Per Florida Statutes 129.01(b), other revenues are budgeted at 95% of estimate.Ending Fund Balances are reflected as "reserves" in individual fund summaries.Constitutional Officers' Operating Funds, included in CAFR summaries, are not appropriated BCC Funds.

PINELLAS COUNTY - GOVERNMENTAL FUNDS

CHANGES IN FUND BALANCE - BUDGET FY19

Major Governmental Funds

EXPLANATION OF VARIANCES:

a) The budgeted General Fund balance decrease reflects revenue assumptions as noted above. The anticipatedactual decrease in reserves is approximately $3.8M, or 3.8%, due to non-recurring expenditures. The remainingfund balance is expected to exceed the policy target of 15% of total revenues. Recurring revenues are projectedto balance with recurring expenditures (see General Fund forecast in the Budget Message).

b) The Capital Projects Fund budget reflects revenue budgeted at 95% of estimate. The actual ending fundbalance is expected to be approximately $74.7M lower than the beginning fund balance due to timing of non-recurring project expenditures supported by funds accumulated in prior fiscal years.

c) Other Governmental Funds reflect revenue assumptions as noted above. The overall budgeted reduction infund balance is $64.2M. This is mainly attributed to the declines of: $21.1M in the County Transporation TrustFund to realign fund balance in support of transportation priorities; $9.3M in the Community Development andSHIP Funds, which appropriate all anticipated resources; and $4.1M in the Emergency Medical Services Fund forincreases in recurring contracts. The Emergency Communciations 911 System Fund is decreasing $1.7M as theresult of a necessary increase in staffing of telecommunicators, and the Building Services Fund balance isbudgeted to decrease by $2.2M for costs associated with the new Accela software. Additionally, the TouristDevelopment Tax fund balance is decreasing by $17.1M due to increases in marketing expenditures, and theSurface Water fund balance is decreasing $4.5M to support additional resources for drainage and pipemaintenance. The projected ending balances for all funds will be within acceptable policy limits.


PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY

This exhibit is a summary of resources and requirements for Fiscal Years 2017 through 2019. The first table includes totals for all funds. The following four tables present the three funds or fund groups which represent 10% or more of the total budget, followed by a combined summary of all other funds.

Under Actual FY17 Requirements, "Reserves" represent ending fund balances, including year-end adjustments. This differs from the summaries in the Fund Resources section of this document, which show only actual expenditures in the FY17 Requirements column.

FY18 and FY19 Revenues are budgeted at 95% of estimated amounts per Florida Statutes. Ad valorem revenue is budgeted assuming a 95% collection rate per Florida Statutes; the actual collection rate has generally been 96% or greater.

FY18 is the Revised Budget as of May 31, 2018.

TOTAL - ALL FUNDS

FY17 Actual FY18 Budget FY19 BudgetRESOURCES

Beginning Fund Balance 940,528,594 870,358,210 829,077,550REVENUE

Taxes 645,689,563 674,940,990 723,891,140

Licenses and Permits 32,045,058 29,706,590 29,304,980

Intergovernmental Revenue 104,299,910 138,249,380 144,961,580

Charges for Services 503,934,989 505,384,770 537,546,050

Excess Fees - Constitutional Officers 11,356,731 10,112,590 9,364,030

Fines and Forfeitures 1,931,511 2,206,770 1,972,990

Interest Earnings 7,844,912 11,603,350 10,563,610

Rents, Surplus and Refunds 35,563,572 18,925,080 20,367,920

Other Misc Revenue 28,633,844 28,292,460 30,770,510

Transfers From Other Funds 107,576,585 105,484,230 124,199,580

Debt Proceeds_ 0 500,000 0

Non-Operating Revenue Sources 14,310,355 18,340,260 18,601,370TOTAL REVENUE 1,493,187,031 1,543,746,470 1,651,543,760TOTAL RESOURCES 2,433,715,625 2,414,104,680 2,480,621,310



TOTAL - ALL FUNDS

FY17 Actual FY18 Budget FY19 BudgetREQUIREMENTSEXPENDITURESPersonal Services 236,985,086 275,046,830 290,170,370Operating Expenses 418,544,712 516,237,620 531,884,650Capital Outlay 247,230,211 371,095,020 309,371,490Debt Service Exp 14,170,790 15,231,790 15,187,830Grants and Aids 139,755,464 188,377,220 228,157,190Transfers to Other Funds 107,576,585 105,484,230 124,199,580Pro Rate Clearing (404,872) (496,350) (381,330)Constitutional Officers Transfers 334,313,555 344,284,460 358,440,070TOTAL EXPENDITURES 1,498,171,529 1,815,260,820 1,857,029,850RESERVES 0 598,843,860 623,591,460

TOTAL REQUIREMENTS 1,498,171,529 2,414,104,680 2,480,621,310

Reconciliation with Budget: Total All Funds 1,498,171,529 2,414,104,680 2,480,621,310 less Transfers (107,576,585) (105,484,230) (124,199,580)Total All Funds Net of Transfers 1,390,594,945 2,308,620,450 2,356,421,730



The General Fund accounts for all financial transactions except those required to be accounted for in other funds. The fund's resources, ad valorem taxes, and other revenues provide services or benefits to all residents of Pinellas County, as well as specific revenues and expenditures for the unincorporated area also known as the Countywide Municipal Services Taxing Unit (MSTU).

General Funds

FY17 Actual FY18 Budget FY19 BudgetRESOURCESBeginning Fund Balance 123,924,060 109,664,990 99,352,140REVENUE

Taxes 391,228,555 413,948,430 445,030,420




Excess Fees - Constitutional Officers 10,665,218 9,343,210 8,659,270

Fines and Forfeitures 893,970 1,325,370 994,260




Transfers From Other Funds 5,402,883 0 0

TOTAL REVENUE 554,898,669 581,069,950 624,182,500

TOTAL RESOURCES 678,822,729 690,734,940 723,534,640

REQUIREMENTS

EXPENDITURES

Personal Services 76,883,273 87,209,060 89,813,190

Operating Expenses 121,527,216 148,142,100 140,444,010

Capital Outlay 1,927,464 4,695,830 4,025,480

Grants and Aids 22,719,433 27,275,800 28,227,510

Transfers to Other Funds 8,389,120 8,793,990 11,074,230

Constitutional Officers Transfers 330,933,505 340,508,330 354,417,120

TOTAL EXPENDITURES 562,380,010 616,625,110 628,001,540

RESERVES 0 74,109,830 95,533,100

TOTAL REQUIREMENTS 562,380,010 690,734,940 723,534,640



Enterprise Funds are financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. These funds account for operations and capital projects for the Utilities (Water and Sewer) and Solid Waste departments.

Utilities and Solid Waste Funds


Licenses and Permits 141,370 143,460 115,040

Intergovernmental Revenue 556,936 0 1,375,870



Rents, Surplus and Refunds 2,145,516 970,900 1,124,980

Other Misc Revenue 417,948 237,200 239,530


Non-Operating Revenue Sources 2,211,595 1,548,500 1,653,260

TOTAL REVENUE 357,790,734 353,854,610 372,798,640

TOTAL RESOURCES 750,439,338 689,181,880 681,976,240

REQUIREMENTS

EXPENDITURES



Capital Outlay 116,315,042 124,674,960 92,119,150

Debt Service Exp 13,582,989 14,640,330 15,177,870

Grants and Aids 499,164 500,000 500,000



RESERVES 0 256,455,940 271,679,430




The Capital Project Funds account for revenues and expenditures related to the Capital Improvement Program (CIP), which is a plan for financing long-term work projects.

Capital Funds


Taxes 94,950,945 93,804,900 97,563,950

Licenses and Permits 1,939,915 0 0


Interest Earnings 1,020,583 879,270 975,930

Other Misc Revenue 84,083 950,000 920,550


Non-Operating Revenue Sources 903,055 0 0

TOTAL REVENUE 115,271,992 134,606,040 143,368,110

TOTAL RESOURCES 267,666,994 254,840,950 244,026,210

REQUIREMENTS

EXPENDITURES

Personal Services 4,063 0 0

Operating Expenses 371,039 9,900 75,000

Capital Outlay 103,079,554 188,981,830 161,567,200

Grants and Aids 35,431,339 36,068,280 56,487,000



RESERVES 0 28,554,710 24,027,840




The table below includes all funds other than the General, Capital Projects, Utilities, and Solid Waste Funds.

Other Funds


Taxes 159,510,063 167,187,660 181,296,770




Excess Fees - Constitutional Officers 691,513 769,380 704,760

Fines and Forfeitures 1,037,541 881,400 978,730





Debt Proceeds_ 0 500,000 0

Non-Operating Revenue Sources 11,195,705 16,791,760 16,948,110

TOTAL REVENUE 465,225,636 474,215,870 511,194,510

TOTAL RESOURCES 736,786,564 779,346,910 831,084,220

REQUIREMENTS

EXPENDITURES



Capital Outlay 25,908,151 52,742,400 51,659,660

Debt Service Exp 587,801 591,460 9,960

Grants and Aids 81,105,528 124,533,140 142,942,680


Pro Rate Clearing (404,872) (496,350) (381,330)

Constitutional Officers Transfers 3,380,050 3,776,130 4,022,950


RESERVES 0 239,723,380 232,351,090



FY18 FY19TO FROM BUDGET REQUEST

Community Development General Fund $239,120 $739,120

Tree Bank General Fund $68,370 $0Tree Bank Building Services $37,510 $0

Subtotal $105,880 $0

Emergency Communications 911 System General Fund $3,736,500 $4,604,740

Capital Projects General Fund $2,750,000 $3,730,370Capital Projects Tourist Development Tax $4,659,510 $5,228,240Capital Projects Airport Revenue & Operating $950,000 $0Capital Projects County Transportation Trust $1,700,000 $12,250,000Capital Projects Multimodal Impact Fees $1,226,230 $1,869,170

Subtotal $11,285,740 $23,077,780

Solid Waste Renewal & Replacement Solid Waste Revenue & Operating $30,000,000 $30,000,000

Water Renewal & Replacement Water Revenue & Operating $18,330,060 $25,993,310Water Renewal & Replacement Water Impact Fees $150,000 $0

Subtotal $18,480,060 $25,993,310

Sewer Revenue & Operating Water Revenue & Operating $3,685,480 $0

Sewer Renewal & Replacement Sewer Revenue & Operating $21,322,120 $22,701,760

Sewer Interest & Sinking Sewer Revenue & Operating $14,629,330 $15,082,870

Employee Health Benefits

TOTAL ALL TRANSFERS $105,484,230 $124,199,580

SCHEDULE OF BUDGET TRANSFERS


Principal Pledge/ FY19Description Purpose Outstanding Security Principal

As of 10/01/18GENERAL OBLIGATION BONDSNo outstanding issuesNON SELF-SUPPORTING REVENUE DEBTNo outstanding issuesSELF-SUPPORTING REVENUE DEBT$86,580,000 Sewer Revenue Bonds, Series 2003

Sewer system improvement projects and reclaimed water projects

$5,215,000 Sewer system revenues

$0

$42,005,000 Sewer Revenue Bonds, Series 2008A

Expansion of North and South County Reclaimed Water Systems and improvements to W.E. Dunn Water Reclamation Facility and South Cross Water Reclamation Facility


$485,000

$32,700,000 Sewer Revenue Refunding Bonds, Series 2008B

Refund a portion of outstanding Sewer Revenue Bonds, Series 1998



$2,740,000

$14,733,000 Sewer Revenue Refunding Note, Series 2016

Refund the outstanding Sewer Revenue Refunding Bonds, Series 2006


$1,785,000

SUBTOTAL SELF-SUPPORTING REVENUE DEBT $129,825,000 $9,205,000TOTAL DEBT ISSUES $129,825,000 $9,205,000

LONG-TERM DEBT STRUCTURE FOR PINELLAS COUNTY


DEBT SERVICE SUMMARY Pinellas County has historically assumed a "pay-as-you-go" philosophy in the funding of infrastructure. However, when circumstances have dictated that this is not a viable approach, the County has utilized the bond market to generate additional capital.

Categories of Debt There are several categories of governmental debt:

General obligation bonds are backed by the full faith and credit of the local government, and they are required to be approved by voter referenda. Revenues collected from the ad valorem taxes on real estate and other sources of general revenue are used to service the government's debt. Pinellas County has no general obligation bond issues outstanding at this time.

Self-supporting revenue bonds and notes, unlike general obligation bonds, are financed by those directly benefiting from the capital improvement. Revenue obtained from the issuance of these bonds and notes is used to finance publicly-owned facilities, such as water, sewer, and solid waste systems. Charges collected from the users of these facilities are used, in turn, to retire the bond and note obligations. In this respect, the capital project is self-supporting. The debt service payments for the County’s enterprise activities are budgeted in their respective funds.

Non-self-supporting revenue bonds, which pledge specific sources of revenue other than ad valorem taxes, are used to fund non-enterprise infrastructure needs. Pinellas County has no bond issues supported from general revenues at this time.

Debt Limitations

The Florida Constitution (Article VII, Section 12) requires County bonds supported by ad valorem taxes to be approved by public referendum. Chapter 130 of the Florida Statutes defines the purposes for which County debt may be issued and also procedural restrictions. There are no statutory limitations on the amount of debt that may be issued in terms of total dollars, millage rates, or percentage of assessed values. Self-supporting revenue bonds are limited by the requirement to maintain adequate revenue streams to cover debt in ratios prescribed by the authorizing Bond Resolutions.

Debt Capacity, Issuance, and Management Policies

The County has established the following budget policies related to debt: • Minimize debt service costs through the judicious use of available debt instruments, consistent with the

desirability of maintaining stable current tax rates and distributing the costs of certain long-lived facilitiesamong all users, present and future.

• Define appropriate uses for debt.• Define the maximum amount of debt and debt service that should be outstanding at any one time (target

financial ratios).• Maintain a high credit rating while making attempts to strengthen credit rating; identify factors and

strategies to address them.• Consider investment in equipment, land or facilities, and other expenditure actions, in the present, to

reduce or avoid costs in the future.• Capital project proposals should include cost estimates that are as complete, reliable, and attainable

as possible.• Prior to undertaking a capital project, all ongoing Operating & Maintenance (O&M) costs should be

identified and considered as part of the policy discussion.


Summary of Existing and Anticipated Debt There are presently five outstanding debt issues for Pinellas County: the $86,580,000 Sewer Revenue Bonds, Series 2003; the $42,005,000 Sewer Revenue Bonds, Series 2008A; the $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B; the $59,510,000 Sewer Revenue Refunding Bonds, Series 2012; and the $14,733,000 Sewer Revenue Refunding Note, Series 2016. The Series 2008A, Series 2008B, and Series 2016 were issued as bank loans. Existing Debt: Current Self-Supporting (Enterprise) Revenue Bonds: $86,580,000 Sewer Revenue Bonds, Series 2003* These bonds were issued to finance certain capital improvements to the County’s Sewer System, to fund the reserve fund requirement for the Series 2003 Bonds through the purchase of a debt service reserve fund surety bond, and to pay related costs and expenses in connection with the issuance of the Series 2003 Bonds. Payments of principal and interest are supported by the net revenues derived from the operation of the County’s Sewer System. $42,005,000 Sewer Revenue Bonds, Series 2008A* These bonds were issued in the form of a bank loan to finance improvements at the South Cross and W.E. Dunn Facilities and various improvements to pump stations, force mains, and the collection systems; as well as the required deposit to the reserve fund; and to pay related costs and expenses in connection with the issuance of the Series 2008 Bonds. Payments of principal and interest are supported by the net revenues derived from the operation of the County’s Sewer System. $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B* These bonds were issued in the form of a bank loan to refund a portion of the County’s outstanding Sewer Revenue and Revenue Refunding Bonds, Series 1998. Payments of principal and interest are supported by the net revenues derived from the operation of the County’s Sewer System. $59,510,000 Sewer Revenue Refunding Bonds, Series 2012* These bonds were issued to advance refund a portion of the outstanding $86,580,000 Sewer Revenue Bonds, Series 2003. Payments of principal and interest are supported by the net revenues derived from the operation of the County’s Sewer System. $14,733,000 Sewer Revenue Refunding Note, Series 2016* This note was issued in the form of a bank loan to refund the outstanding principal amount of the County’s Sewer Revenue Refunding Bonds, Series 2006, maturing on and after October 1, 2017. Payments of principal and interest are supported by the net revenues derived from the operation of the County’s Sewer System. * Minimum annual debt service coverage of 115% is required by the Bond Resolution rate covenant. If net revenues together with Impact Fees are pledged and legally available to meet the Debt Service requirement, then 125% minimum annual debt service coverage is required. Anticipated Debt No new debt issues are included in the FY19 Budget.


Self-Supporting (Enterprise) Revenue Bonds Requirements (in thousands)

Debt Issue

FY19 FY20 FY21 FY22 FY23

Final Fiscal

Year of Debt

Payments

Sewer Revenue

Bonds, Series 2003

Principal

$ 0

$ 0

$ 0

$ 0

$ 0

FY32 $ 261

$ 261

$ 261

$ 261

Total

$ 261

$ 261

$ 261

$ 261

$ 261

Sewer

Revenue Bonds, Series

2008A

Principal

$ 485

$ 505

$ 525

$ 555

$ 575

FY28 Interest

$ 1,978

$ 1,958

$ 1,927

$ 1,899

$ 1,871

Total

$ 2,463

$ 2,463

$ 2,452

$ 2,454

$ 2,446

Sewer

Revenue Refunding

Bonds, Series 2008B

Principal

$ 4,195

$ 4,375

$ 4,560

$ 4,750

$ 4,955

FY24 Interest

$ 1,379

$ 1,176

$ 957

$ 733

$ 499

Total

$ 5,575

$ 5,551

$ 5,517

$ 5,483

$ 5,454

Sewer

Revenue Refunding

Bonds, Series 2012

Principal

$ 2,740

$ 2,850

$ 2,990

$ 3,140

$ 3,295

FY31

Interest

$ 2,011

$ 1,901

$ 1,759

$ 1,609

$ 1,452

Total

$ 4,751

$ 4,751

$ 4,749

$ 4,749

$ 4,747

Sewer

Revenue Refunding

Note, Series 2016

Principal

$ 1,785

$ 1,824

$ 1,862

$ 1,898

$ 1,941

FY24 Interest

$ 248

$ 209

$ 169

$ 128

$ 86

Total

$ 2,033

$ 2,033

$ 2,031

$ 2,026

$ 2,027


PERSONNEL POSITION COMPARISON*

FY17 Budget

FY18 Budget

Incr/(Decr) FY19 vs FY18

FY19 Budget

Board of County CommissionersCounty Attorney 33.0 33.0 0.0 33.0Board of County Commissioners 14.0 14.0 1.0 15.0

County AdministratorCounty Administrator 12.7 10.5 2.8 13.3Airport 61.5 61.6 0.9 62.5Animal Services 60.0 57.0 1.0 58.0Building Services 51.4 56.6 0.0 56.6Contractor Licensing Department 0.0 11.0 1.0 12.0Convention & Visitors Bureau 47.0 49.0 3.0 52.0Development Review Services 44.4 45.4 1.8 47.2Economic Development 17.0 17.0 2.0 19.0Emergency Management 13.5 13.5 0.0 13.5Human Services 105.8 105.8 (1.8) 104.0Marketing and Communications 26.0 26.0 0.0 26.0Office of Asset Management 0.0 0.0 9.0 9.0Office of Management & Budget 37.5 36.0 (1.0) 35.0Office of Technology and Innovation 0.0 0.0 23.0 23.0Parks & Conservation Resources 192.0 200.0 1.0 201.0Planning 37.0 37.0 0.0 37.0Public Works 434.2 456.1 11.0 467.1Purchasing 18.0 19.0 3.0 22.0Real Estate Management 156.0 155.0 0.9 155.9Risk Management Administration 18.0 18.0 1.0 19.0Safety and Emergency Services 180.4 197.7 1.0 198.7Solid Waste 78.0 79.0 1.0 80.0Utilities 404.7 414.4 8.6 423.0Total County Administrator 1,995.1 2,065.6 69.2 2,134.8

Total Board of County Commissioners 2,042.1 2,112.6 70.2 2,182.8* Full-Time Equivalent Positions

NOTE: Contractor Licensing Department became an operating department of the Board of County Commissioners as of July 1, 2018. Office of Asset Management is a newly-created department responsible for administering the Enterprise Asset Management project. Office of Technology and Innovation was formed during FY18 utilizing existing BTS resources. Please see sections C throughH of this budget document for additional details pertaining to all departmental personnel position increases and decreases.


PERSONNEL POSITION COMPARISON*

FY17 Budget

FY18 Budget

Incr/(Decr) FY19 vs FY18

FY19 Budget

Constitutional OfficersClerk of the Circuit Court and Comptroller 114.7 119.4 2.8 122.2

Supervisor of Elections 36.0 40.0 0.0 40.0Tax Collector 272.0 272.0 5.0 277.0

Total Constitutional Officers 2,900.7 2,914.4 16.8 2,931.2

OtherCourt SupportJudiciary 40.5 41.0 2.0 43.0

Total Court Support 40.5 41.0 2.0 43.0

Independent AgenciesBusiness Technology Services 162.0 165.0 (19.0) 146.0Human Resources 33.6 35.6 (0.2) 35.4Office of Human Rights 10.0 10.0 0.0 10.0Employee Health Benefits 2.0 2.0 0.0 2.0Fire Protection Districts 1.4 1.4 0.0 1.4Lealman CRA Trust 0.0 0.0 2.0 2.0Medical Examiner 2.0 2.0 0.0 2.0

Total Independent Agencies 211.0 216.0 (17.2) 198.8

Total Other 251.5 257.0 (15.2) 241.8

TOTAL POSITIONS 5,194.3 5,284.0 71.8 5,355.8

PERSONNEL POSITION COMPARISON SUMMARY**FY17

BudgetFY18

BudgetIncr/ (Decr)

FY19 vs FY18FY19

BudgetBoard of County Commissioners 2,042.1 2,112.6 70.2 2,182.8Constitutional Officers 2,900.7 2,914.4 16.8 2,931.2Court Support 40.5 41.0 2.0 43.0Independent Agencies 211.0 216.0 (17.2) 198.8

TOTAL POSITIONS 5,194.3 5,284.0 71.8 5,355.8**Full-Time Equivalent Positions except Sheriff (Full-Time Permanent Positions).


ECONOMIC TRENDS & MAJOR REVENUES

The following section briefly discusses the economic trends and major revenue statistics related to Pinellas County.

For all of the graphics and charts relating to the County’s taxable value, the data is presented on a budget year basis. Therefore, the data reflects actual activity occurring through December 31 of the preceding year. However, the 2019 County taxable value is the official 2018 Tax Year estimate from the Pinellas County Property Appraiser. All other data through 2017 is actual annual information.

Population: Unincorporated and Incorporated: Pinellas County's estimated 2017 population of 962,003 reflects a 0.8% increase from the County’s 2016 population estimate. Although the population of the County dropped between the 2000 and 2010 Censuses, population growth has returned in the past seven years.

The 2017 population estimate reflects a 5.0% increase, or 45,461 residents, from the 2010 Census’ low of 916,542. Total population continues to grow slowly. This trend relates to the County’s land size, patterns in historic development and the predominate type of housing.



The growth of unincorporated residents between 2016 and 2017 is 0.2%, or from 275,966 residents to 276,511. During the same period, the incorporated residents increased by 1.0%, from 678,603 residents to 685,492. The incorporated population as a percentage of the total County population over 10 years, has increased from 70.8% of the total in 2008 to 71.3% in 2017. This trend of increasing percentages of incorporated population is a result of voluntary annexation of the unincorporated area and the municipal residential building activity and is shown in the subsequent chart: Housing Units Permitted.

Average Daily Rate: Tourism is a key indicator of the economic growth and strength of Pinellas County. Overnight visitors stay in a variety of hotels throughout Pinellas County. From the high-rise hotels on Clearwater Beach to the low-rise hotels up and down U.S. Highway 19, prices paid by visitors vary as much as the hotels themselves. Since 2010, the average daily rate (ADR) has increased an average of 4.9% per year through 2017 to $143.31 per night. The increase in ADR, which measures the rate paid per occupied room, has led to record setting collection of Tourist Development Tax (TDT) revenue for the last six years. Based on projection, FY18 is expected to make it seven years in a row of record TDT collection.

102.

4

105.

6

113.

3

116.

8

122.

0

132.

1

138.

9

143.

3

$-

$20

$40

$60

$80

$100

$120

$140

$160

Average Daily Rate



Unemployment Statistics: Starting in 2008 and during the Great Recession (12/2007-6/2009), Pinellas County’s unemployment rate was higher than both the United States (US) and the State of Florida rates. The County’s unemployment rate in 2009 was 10.8%, which was the highest rate in the decade. In 2012 the County’s unemployment rate started to reflect its previous trend prior to the Great Recession, when the County’s unemployment rate was less than either the State or the nation. In 2017, the County’s unemployment rate of 3.7%, was lower than both Florida at 4.2% and the US at 4.4%.



Total Labor Force: The County’s labor force declined between 2006 and 2009 with a low of 440,723 participating workers occurring in 2009. Since 2009, the County’s labor force has increased modestly due to workers rejoining and/or new workers entering the labor force. In 2017, the County had the 6th largest labor force in the State behind Miami-Dade, Broward, Palm Beach, Hillsborough and Orange counties. An increase of 1.7% or 8,147 workers joined the work force in 2017.



Housing Units Permitted: In 2017, the number of housing units permitted in Pinellas County totaled 1,900, a decrease of 18.3% from the 2016 total of 2,327. The majority of permitting activity in 2017 occurred in the incorporated area of the County, 92.0% of the total. In 2013, housing permitting was at its highest since the Great Recession (12/2007-6/2009).

Housing unit permits precede construction and indicate the strength of a prominent industry with high employment. Permitting information could also indicate the level of new construction (square footage) added to future tax rolls. However, a decrease in housing unit permits can reflect the timing of the data collection, and not an “omen” of future industry trends.



Taxable Value – New Construction: The new construction taxable values include both residential and commercial construction that was added to the County’s tax rolls. In 2019 (2018 Tax Year), newly completed square footage added $972.2M of new taxable value. The amount of taxable value from new construction is a 26.7% increase from last year’s value, $767.4M. Only 1.2% of the total taxable value in the County is from new construction.

Of the total new construction, $846.7M was added in the incorporated area (municipalities) and $125.4M in the unincorporated area. In the unincorporated area, the taxable value from new construction is an increase of 58.5% between 2018 and 2019, while the municipalities experienced an increase of 23.0%. Of the total taxable value in 2019 from new construction countywide, 87.1% occurred in the municipalities. Over the last ten years 85.1% of added taxable value from new construction occurred inside municipalities. The previous chart, Housing Unit Permitting, showed a similar trend.

$0.0

$200.0

$400.0

$600.0

$800.0

$1,000.0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$458

.2

$248

.5

$293

.0

$211

.9

$148

.9

$231

.2

$568

.6

$490

.2 $688

.2 $846

.7$70.0

$104.7 $53.8

$37.9$53.4

$70.1

$66.2$69.9

$79.1

$125.4

$528.2

$353.1 $346.8

$249.8$202.3

$301.3

$634.8$560.1

$767.4

$972.2

Milli

ons

MUNICIPALITIES UNINCORPORATED COUNTY

Taxable Value: New Construction Only, 2010-2019

Source: Based on data provided by Pinellas County Property Appraiser, June 28, 2018



Taxable Value - Countywide (includes new construction): In 2010, countywide taxable values were $64.6B. In the years following 2010, taxable values declined until 2013. This decrease in taxable values during 2009-2013 was due to several factors: the approval of a State constitution amendment increasing the Homestead Exemption in January 2008; the real estate environment; and new guidelines regarding short sales and foreclosures being used by the Property Appraiser.

Countywide taxable values have slowly recovered from their low point of $54.4B in 2013, to $79.4B for 2019. The estimated increase of 8.0% between 2018 and 2019, is the sixth year of taxable values rising since 2013. However, if voters statewide approve the Florida Amendment 1 this November, the 2020 Taxable Value is anticipated to decrease by $3.2B or 4.0%.

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

64.6

58.2

55.4

54.4

56.1 59.7 63

.6 68.2 73

.5 79.4

Billio

ns

Countywide Taxable Values

Source: Pinellas County Property Appraiser, June 28, 2018

Taxable Value: Countywide (includes new construction) 2010-2019



Countywide Property Tax Collections and Millage Rate: Starting in 2008, countywide property tax collections reflected the impact of the State’s 2007 Property Tax Reform and the 2008 County millage rate reduction. In 2009 the collections were impacted by a State constitutional amendment approved in January 2008, which allowed for an increased Homestead Exemption up to $50,000. Due to the aforementioned regulations and the impact of the Great Recession (12/2007-6/2009) on housing values, the decline in tax collections continued through 2011. In 2012, 2013, and 2014, the countywide millage was increased to partially counter this revenue decline that affected the County’s ability to provide services. In 2017 an increase was approved in the Health Department millage to staff every district school with a full time nurse. The 2019 property tax collections are projected to be 6.9% greater than the 2018 estimates and are likely to be the “high” of the decade.

The 2019 countywide collective property tax rate of 6.2748 mills will remain the same from last year. The three tax rates included in the countywide aggregate tax rate will remain the same: General Fund, 5.2755 mills; Health Department, 0.0835; and Emergency Medical Services (EMS), 0.9158 mills. The EMS millage is levied on only real property. The taxable value estimate for all taxable property (real and tangible property) is $79.4B versus the taxable value estimate of $74.8B for real property only.

$322

.9

$292

.9

$293

.6

$302

.8

$334

.6

$348

.1

$371

.8

$399

.2 $439

.2

$469

.4

5.4562 5.4562

5.7236

5.9885

6.2535 6.2535 6.2535 6.2535 6.2748 6.2748

5.0000

5.2000

5.4000

5.6000

5.8000

6.0000

6.2000

6.4000

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

$400.0

$450.0

$500.0

Mill

ions

Countywide Property Tax Collections, 2010-2019and Millage Rates

Note: Includes all property taxes collected by the Board of County Commissioners on a countywide basis, excluding the Pinellas Planning Council. Collections shown for 2018* (Estimate) and for 2019* (Projection at 95%) are based on data provided by Pinellas County Property Appraiser (Final 2017 and 2018 dated June 28, 2018).



Taxable Value - MSTU (includes new construction): Taxable values within the unincorporated area of the County have increased from $17.7B in 2018, to an estimate of $18.8B in 2019. This is an increase of 6.2%. The unincorporated taxable value as a percentage of the total countywide taxable value over the last 10 years, reflects an overall decrease of 1.7%, from 25.3% in 2010 to 23.6% in 2019. If voters statewide approve the Florida Amendment 1 this November, the 2020 Unincorporated Taxable Value is anticipated to decrease by $1.1B or 5.9%.

The unincorporated area of the County is also called the Municipal Services Taxing Unit (MSTU), with a separate millage collected to fund services within the MSTU.

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

$18.0

$20.0

16.4

14.9

14.4

13.9

14.3 15.0 15.8 16.6 17

.7 18.8

Billio

ns

Taxable Value: MSTU (includes new construction), 2010-2019

Sources: Pinellas County Property Appraiser, June 28, 2018



MSTU Property Tax Collections and the MSTU Property Tax Rate: The MSTU property tax collections are a direct result of the MSTU property tax rate and the MSTU taxable value. The 2019 budgeted property tax collections are 4.8% greater than the 2018 estimate and $5.5B higher than 2010 actual receipts. The MSTU property tax collections are used to fund a variety of services benefiting only the unincorporated area of the County. These services include, but are not limited to, community policing, development review services, and code enforcement.

The 2019 MSTU property tax rate of 2.0857 mills has not changed for the last 10 years. Total collections for the MSTU are still below the collections prior to the Great Recession (12/2007-6/2009), $44.1B in the 2006 Tax Year.

$31.

7

$30.

6

$28.

2

$27.

3

$28.

7

$29.

6

$31.

0

$32.

8

$35.

5

$37.

2

2.0857 2.0857 2.0857 2.0857 2.0857 2.0857 2.0857 2.0857 2.0857 2.0857

0.5000

1.0000

1.5000

2.0000

2.5000

3.0000

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

Mill

ions

MSTU Property Tax Collections, 2010-2019and Millage Rates

Note: Collections shown for 2018* (Estimate) and for 2019* (Projection at 95%) are based on data provided by Pinellas County Property Appraiser (Final 2017 and 2018 dated June 29, 2018).



Taxable Sales: Taxable sales are those sales subject to Chapter 212, F.S., such as sales of goods, but not services (there are exceptions). Taxable sales indicate how strong the consumer durables industry is in the County. It also gives an indication of current tourism strength. In Pinellas County, taxable sales increased 3.2% to $16.2B in State Fiscal Year (SFY) 2017, from $15.7B in SFY16. Taxable sales appear to have recovered to where they were prior to the Great Recession (12/2007-6/2009), when taxable sales increased every year to a high that occurred in SFY06. The chart shows that Pinellas County’s actual sales growth is lower but trends with State growth. The exception is in SFY09, at a time when consumer confidence was at its lowest. This observation is primarily due to the County’s population growth, which is constrained given its land size, current density, limited available undeveloped acreage, and its cost of living.



1/2 Cent Sales Tax and Revenue Sharing with Counties: Both the local half-cent sales tax and the county revenue sharing receipts are part of the Florida Revenue Sharing Act of 1972. The chart reflects the County’s share of the proceeds from both distributions that are allocated based on specific state-mandated formulas. The half-cent sales tax program generates the largest amount of revenue for local governments among the state-shared revenue sources currently authorized by the State Legislature. The State of Florida levies a sales tax of 6.0% on the purchase of consumer goods, with a variety of exemptions for non-prepared food items, prescription drugs, services, etc. The state returns “8.9744 percent” of net sales tax proceeds to local governments. The County’s share is projected to decrease 2.5% between FY18 and FY19, from $47.3M to $46.1M due to the revenue being budgeted at 95.0% of the anticipated FY19 total.

The State’s revenue sharing with counties is a portion of the State sales tax and the net State-levied cigarette/tobacco taxes. The County’s share of this State revenue sharing program is also projected to decease 3.2% between FY18 and FY19, from $19.1M to $18.5M due to the revenue being budgeted at 95.0% of the anticipated FY19 total.

Pinellas County uses these revenues in support of general fund operations.



Penny for Pinellas - County Share: Penny for Pinellas (Penny) revenues are proceeds of an additional one-percent Local Government Infrastructure Surtax on Sales, pursuant to Section 212.055(2), Florida Statutes, imposed in Pinellas County. The Penny surtax is collected on the first $5,000 of all purchases excluding groceries and medications. The authorized use of these funds is generally restricted to infrastructure projects only and cannot be used for ongoing operation or maintenance costs. Sales tax as a revenue source is highly elastic and is sensitive to local and national economic conditions, such as inflation, wage growth, unemployment, and tourism.

The Penny became effective February 1, 1990 for an initial period of ten years and has been extended by referendums in 1997, 2007, and 2017 for three additional ten-year periods (until December 31, 2029). In accordance with statutory requirements and interlocal agreements with each municipality in Pinellas County for the Penny ending December 31, 2019, the County receives approximately 52.3% of the total monthly collections generated by this tax, following the deduction of a dedicated amount to fund capital projects for Court & Jail facilities which provide a countywide benefit. Beginning January 1, 2020, the interlocal agreement for Penny IV sets aside 11.3% of net proceeds for countywide investments consisting of Economic Development Capital Projects and Housing (land acquisition) at 8.3% and Jail and Courts Facilities at 3.0%. The County’s percentage for Penny IV is 51.75%, after the countywide investment distribution.

The FY18 estimate reflects a 4.0% increase in collections over actual FY17 revenue. The FY19 estimate also reflects a 4.0% increase; however the budgeted amount of $97.6M is slightly lower than the FY18 estimate due to the revenue being budgeted at 95.0% of the anticipated FY19 total.



Local Option Gas Tax: In accordance with Section 336.025(7) Florida Statutes, Pinellas County levies a six (6) cents per gallon tax on motor fuel sold. The tax is in effect through year 2027. Pursuant to interlocal agreement, the County retains 60.0% of the proceeds from the local option gas tax and the remaining 40.0% is allocated to the municipalities within the County.

The chart reflects the County’s share of the proceeds. The County uses the proceeds to fund operations and maintenance of the County's transportation system and transportation capital projects. The chart shows that the collections from this tax are relatively static. The FY19 budgeted amount of $13.4M is slightly lower than the FY18 estimate due to the revenue being budgeted at 95.0% of the anticipated FY19 total.



Tourist Development Tax: The County collects a Local Option Resort/Tourist Tax, also known as the Tourist Development Tax (TDT), on most rents, leases, or lets, which have been contracted for periods of six months or less, or living accommodations in hotels, motels, apartment houses, rooming houses, and mobile home parks. In 1988, the Tourist Development Tax was increased from the initial two (2) percent (levied in 1978) to three (3) percent to provide additional revenue for tourist development activity. In 1996 the tax was increased to the fourth percent, and prior to 2016, the fourth percent was restricted to debt service for the City of St. Petersburg’s professional franchised sports facility. In 2006, the tax was increased to the fifth percent for marketing purposes. Due to Pinellas County being designated a “high tourism impact” county (2013, 2014, and 2015) pursuant to Florida Statutes, the County was allowed to add one (1) percent to its existing tourist tax levy. The County added the additional one (1) percent in 2016. This increased the tax to the current six (6) percent.

The TDT is used to fund beach renourishment, contribute to tourist related capital projects throughout the county, and provide marketing and promotion resources for the Pinellas County Convention and Visitors Bureau (CVB). The CVB advertises and promotes Pinellas County as a top tourist destination for Florida, national, and international travelers.

Revenue from the TDT has experienced year-over-year growth in 79 of the last 80 months. The value of each percent of TDT has increased from $4.8M to $9.1M, or 89.6%, from FY10 to FY17. Robust tourism growth is continuing, and the FY18 estimate reflects an increase of 15.9% from the FY17 actual. With the FY19 budget at 95.0% of the anticipated amount to be collected, FY19 shows a slight decrease in revenues, but receipts are expected to exceed budget.

23.8

25.6 28.7

31.1 35.1 39

.3 49.5 54

.8 63.5

62.7

$-

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$20

$30

$40

$50

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$70

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ons

Tourist Development Tax, FY10 - FY19

Note: In 2016, an additional one cent is collected due to the County being designated a "high tourism impact" county.Source: Pinellas County Tax Collector/Office of Management & Budget



General Fund Beginning Fund Balance: This resource reflects the amount of carry forward revenue the County has at the beginning of each fiscal year in the General Fund. The categories of fund balance are defined in the County’s budget policies.

The General Fund is the primary fund for the County. The Fund provides the resources necessary to sustain the day-to-day activities of the County and pays for all administrative and operating expenses that are not assigned to a special purpose fund.


table of contents section b - fy19 budget …...pinellas county budget fy19 adopted $2,356,421,730...

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