Item B3MONROE COUNTY
, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Fiscal Year 2015
Budget Discussion
Roman Gastesi, County Administrator
Tina Boan, Budget Director
September 8th, 2014
Marathon Government Center
Marathon, FL 1
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FY15 Budget Process
• July 16th —Proposed Budget was Delivered to
BOCC
• July 24thSpecial Budget Meeting, BOCC
Certified the Proposed Millage Rate to
Property Appraiser
• Summer Studies Period
FY15 Budget Process
• September 3rd — First Public Hearing
— Adoption of Tentative Millage Rate and Tentative
Budget
• Murray Nelson Government Center, Key Largo
• September 8th- Today's Special Budget
Meeting
— BOCC Discussion Direction
• Marathon Government Center, Marathon
• Septemberl Ith Public Hearing
— Adoption of Final Millage Rate and Final Budget
• Harvey Government Center, Key West
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Our Local Economy
Stabilization Trends, County -Wide
Taxable Property Values
30
25
IA
5
0
FY08 FY09 FY10 FY11 FY12 FY13 FY14
4
Residential Real Estate Trends
1990 1995 2000 2005 2010 2015
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000 $
$800,000
- $700,000
$600,000
$500,000
1
Avg. Sale
$400,000 Price
Median Sale
Price
$300,000
$200,000
$100,000
-� I T _ $-
V Ln l0 1, 00 Cn O a 4 N M tt Ln l0 1, CO Cl O rq N M
01 m C1 M Cl Cn O O O O O O O O O O rl r-I e-I r-I
m c, m m m m O O O O O O O O O O O O O O 2013 is prior to VAB
.-4 14 1--1 r 4 14 r-I N N N N N N N N N N N N N N
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Local Discretionary Sales Tax (1% Infrastructure) Revenue
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
Monroe County, County Wide Totals
1990 1991 1992 1993 1994 1995 1996 1997 2999 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Year
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FY 15 Total Appropriations
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BOCC Operating
Constitutional
Capital Projects w/Debt Svc.
Tourist Development Council
Budget Transfers, Reserves &
Cash Balance
TOTAL
$ 123.5M
$ 70.8M
$ 129.OM
$ 43.9M
$ 74.5M
$441.7M
How is the BOCC portion of the Budget Allocated?
BOCC Operating - $123,549,781
2.9%
2.7
A
0.1%
0.5%
2.3%
1.5%
■ BOCC Admin -1.5%
■
Housing Assist & Emp Fair Share -1.2%
■ HSAB & Non-HSAB -1.5%
■
BOCC Misc - 2.3%
■ County Administrator -1.2%
■
Employee Services -23.3%
■ Growth Management - 9.4%
■
Veteran's Affairs - 0.5%
■ Airport Services - 7.5%
■
Emergency Med. Air Transport - 2.3%
■ Fire & Rescue/Emergency Mgmt -10.9%
■
Upper Keys Health Care Tax Dist. - 0.2%
■ Guardian Ad Litem - 0.2%
■
Budget & Finance - 0.7%
■ Information Technology - 1.7%
■
County Attorney -1.8%
■ Welfare Services - 2.7%
■
Extension & Library Services - 2.9%
Public Works/Engineering/MSTU's Operations -10.8%
Fleet Management - 2.4%
Solid Waste -14.4%
■
Medical Examiner - 0.5% 8
Quasi -external Services - 0.1%
Ad Valorem Tax Levy
FY 10 FY 11 FY12 FY 13 FY 14 FY 1S
-0.28 -3.79 -4.75 -2.62 2.67 2.7S
■FY10 ■FY11 0FY12 0FY13 0FY14 ■FY15Proposed
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Ad Valorem.Tax Changes
Licenses and Permit Revenue
State Shared 1/2 Cent Sales Tax Revenue
Services Quasi other charges fee Revenue
Reduce Contingency Budget
79,772,045 3.00% 7/24/2014
30,200 2.96%
47,000 2.90%
5,000 2.89%
107,800 2.75
79,582,045
9/3/2014
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General Fund, Fund Balance
neral Operating Fund- Fund
lance
FY12 Estimated FY13 Estimated FY14 Projected FY15
Fund Balance Fund Balance Fund Balance Fund Balance
37,438,284 35,647,326
FY15 Operating
45,303,607
Reserve
Minimum Fund Balance
3,775,3011 month operating capital
4.64.6 months of reserves at 9/30/15
ting Capital
5 Months 6 Months
18,876,503 22,651,804
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Employee & Dependent Contributions
July 24th- The BOCC voted to implement new
health insurance premiums
• FY 2015
o Employees hired prior to 5/1/12: $25 per month
o Employees hired on or after 5/1/12: $50 per month
o Dependent coverage: 50% in all categories across
the board
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Approval of New Positions
• 1 FTE Airport Finance Analyst
• 1 FTE Airport Operations/Maintenance
Specialist
• 1 FTE County Attorney III (overlap for FY15
only)
• 1 FTE Records Coordinator for Growth
Management
• 1 FTE Affordable Housing Coordinator
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Approval of Growth Management
Positions Related to the Increased
Permitting Demands
• 1 FTE Assistant Building Official
• 2 FTE Customer Service Representatives
• 1 FTE Building Inspector
• 1 FTE Electrical Inspector
• 1 FTE Plumbing Mechanical Inspector
• 1 FTE Planner
• 1 FTE Biologist
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Where do we go from here?
• Thursday, Septemberl Ith Public
Hearing
— Adoption of Final Millage Rate and Final Budget
• Harvey Government Center, Key West
Thank You
15