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Item D2
, . County Administrator's Fiscal Year 2020 Recommended Budget Roman Gastesi, County Administrator Tina Boan, Director Budget & Finance September 5, 2019 Harvey Government Center Key West, FL FY20 Budget Process • September 5th — First Public Hearing — Adoption of Tentative Millage Rate and Tentative Budget • Harvey Government Center, Key West • September 10th — Special Budget Meeting — BOCC Discussion Direction • Marathon Government Center, Marathon • September 18th — Final Public Hearing — Adoption of Final Millage Rate and Final Budget • Murray E. Nelson Government Center, Key Largo Fiscal Year 2020 Budget Summary FY20 % of Revenue Proposed Total Ad Valorem Taxes $94,098,158 20% Delinquent Taxes $180,000 0% Local Option,Use&Fuel Taxes $68,253,220 14% Licenses,Permits&Impact Fees $9,546,061 2% Intergov. Rev./Grants,PILT, Shared Taxes $21,279,227 5% Charges for Services $85,244,459 18% Fines&Forfeitures $2,863,100 1% Miscellaneous $3,046,698 1% Interfund Transfers $45,578,259 10% Debt Proceeds $1,680,089 0% Fund Bal Fwd/Less 5% $140,927,135 30% Total Sources $472,696,406 100% FY20 % of Expenditure Proposed Total B.O.C.C. Operating $173,499,712 37% Capital Projects,including Debt Service $77,861,615 16% Sheriff $62,188,609 13% Tourist Development Council $56,164,778 12% Tax Collector $6,689,390 1% Judicial, State Attorney,Public Defender $4,122,270 1% Property Appraiser $4,835,971 1% Clerk of the Courts $5,256,225 1% Supervisor of Elections $2,065,897 0% Budget Transfers,Cash Balance&Reserves $80,011,939 17% Total Uses $472,696,406 100% 3 FY20 Operating Revenues $ $ $ $ $ $ Sales Tax State Shared Ad License Fines Misc. $5.9M Revenues Valorem and And Forfeits Revenues (Tourist Impact Tax($4.7M), $17.2M Taxes Permits $2.9M $2.9M Local Communications Tax ($630K), Local Business Tax (A Cent Sales Tax $94.3 M $6.7 M (Code Fees($2.2M), (Misc. Revenue ($550K)) ($12.1M),State Sharing 7 • ,7 Mitigation Penalties ($854K), Rents Proceeds($2.8M), PILT (Ad Valorem (Building Permits ($600K), Clerk Fines ($555K), Interest $ ($1.4M),SHIP Program ($94.1M), ($5.9M),Solid ($70K), Penalties& ($1.5M),Special Charges for ($475K), Racing Tax Delinquent Ad Waste Franchise other($8K)) Assessments ($223K), State License Valorem ($180K)) Fees&Spec ($35K)) Services 7K), Public Safety Assessments 8K)) ($787K)) $85.2M (Solid Waste Fees($18.4M), Interfund Airport Fees ($11.1M),Trauma Transfers Star($8.1M), City Policing ($4.0M), Planning Fees($3.2M), $6.5M Sheriff Inmate Housing($2.5M), Card Sound Tolls($1.2M), Internal Services($32.8M),Ambulance ($650K), Other($3.2M)) Fund $ Balance Excess $30.0M Fees $7.0M 0 $258.6M 4 FY 20 Total Appropriations I I I I I I i C.Crep411(r14:6f: :: i::--i---: .6j ::-]--]"::-4-P611T-a°.411 : ::.--.:4:-gvi€e.1t8ti --9: f3( cc Sheriff Tax Judicial-::-; 1H1 -- ------ -----. -'---------. .---../-$.-53-10------ ----- -----'------../. ---------S-4:810.-- --.--...--$2:INI--- '-' 1S-4.----- 1 li:n _„..„...-------"'""--------------------'-'"---- iii:iiP00#:01-qq:i- BOCC Operating $ 173.5M 37% I $258.6M -- onstitutional $ 85.1 18% Capital Projects w/Debt Svc. $ 77.9M 16% Tourist Development Council $ 56.2M 12% Pitilpill Budget Transfers, Reserves & $ 80.0M 17% i .- - - Cash Balance -:_:-::-$-'63-21(:-::- Total $ 472.7M Major Revenues General Fund Revenue Fund 001 -Tourist Impact Tax One cent tax split is 50%for Monroe County and 50%for Land Authority. Below is the Monroe County portion. YTD +/- % % Change 2017 Change 2018 Change 2019 Prior Year Change from 17 October 267,788.28 0.8% 213,972.89 -20.1% 267,308.81 53,335.92 24.9% -0.2% November 318,582.67 -0.2% 252,580.02 -20.7% 338,484.44 85,904.42 34.0% 6.2% December 409,399.53 2.9% 330,269.30 -19.3% 446,468.12 116,198.82 35.2% 9.1% January 451,378.22 0.2% 377,675.27 -16.3% 486,395.98 108,720.71 28.8% 7.8% February 505,970.80 -0.6% 451,634.11 -10.7% 555,930.40 104,296.29 23.1% 9.9% March 583,611.14 -3.2% 528,775.51 -9.4% 673,618.77 144,843.26 27.4% 15.4% April 479,271.22 14.6% 400,173.13 -16.5% 506,116.44 105,943.31 26.5% 5.6% May 375,293.33 4.8% 325,037.76 -13.4% 398,951.99 73,914.23 22.7% 6.3% June 354,437.57 5.2% 345,120.33 -2.6% 400,398.33 55,278.00 16.0% 13.0% July 425,147.65 5.5% 373,606.50 -12.1% August 291,358.77 -0.7% 299,898.52 2.9% September 102,733.41 -54.3% 196,716.46 91.5% Total 4,564,972.59 4,095,459.80 4,073,673.28 848,434.96 26.3% 8.8% %inc/dec prior yr -0.3% -10.3% FY19 Estimate 5,044,200 FY20 Budget 4,711,220 YTD Actual Fiscal Year Oct-June 2019 4,073,673 2018 3,225,238 $inc/dec 848,435 % inc/dec 26.3% 6 Major Revenues General Fund Revenue + Plan, Build, Zoning Fund Revenues Fund 001 + 148 - St Shared-Loc Govt 1/2 Tax Current FY19 allocation is split 89%to the General Fund 001& 11%to the Plan, Build, Zoning Fund 148. % % YTD +/ % % Change 2017 Change 2018 Change 2019 Prior Year Change from 17 October 699,042.24 2.9% 456,729.44 -34.7% 723,841.23 267,111.79 58.5% 3.5% November 834,340.60 16.2% 808,988.58 -3.0% 911,971.28 102,982.70 12.7% 9.3% December 833,866.69 -5.1% 836,769.47 0.3% 902,248.47 65,479.00 7.8% 8.2% January 1,030,124.91 2.1% 1,005,666.51 -2.4% 1,081,154.98 75,488.47 7.5% 5.0% February 1,008,684.13 10.4% 964,514.11 -4.4% 1,087,973.08 123,458.97 12.8% 7.9% March 1,051,330.83 0.6% 1,048,880.75 -0.2% 1,175,504.05 126,623.30 12.1% 11.8% April 1,239,182.16 11.5% 1,205,796.38 -2.7% 1,362,799.34 157,002.96 13.0% 10.0% May 1,093,188.95 -1.7% 1,028,414.60 -5.9% 1,170,912.61 142,498.01 13.9% 7.1% June 955,578.90 13.4% 896,682.10 -6.2% 953,066.48 56,384.38 6.3% -0.3% July 882,265.57 6.5% 971,761.75 10.1% 1,036,605.08 64,843.33 6.7% 17.5% August 1,015,427.48 -13.1% 980,361.87 -3.5% September 795,242.01 1.4% 839,101.89 5.5% Total 001+148 11,438,274.47 11,043,667.45 10,406,076.60 1,181,872.91 12.8% 8.1% %inc/dec prior yr 3.1% -3.4% FY19 Estimate 12,356,602 FY20 Budget 12,106,227 FY19 Budget 12,106,227 FY20 Budget 12,106,227 Fund 001-89% 10,774,542 YTD Actual Fund 001-79% 9,563,920 Fund 148-11% 1,331,685 Fiscal Year Oct-July Fund 147-4% 500,000 2019 10,406,077 Fund 148-17% 2,042,307 2018 9,224,204 $inc/dec 1,181,873 % inc/dec 12.8% Residential Real Estate Trends $1,200,000 — — -- $1,200,000 $1,000,000 — average sale price 5989,745 — $1,000,000 —Linear(average sale price) $912.239 $896,349 ---$861,153 $857,514 $820,890-'- $790,5 $800,000 — — $800.000 $707,216 $727,366 $673,541 $652,292 $631,374 $600,000 — $565,984 $572,557 — S600,000 $539,893 —$532,059 S409,256 $400,000 — $366,7�sb2 713 ' — $400,000 $309,864 $289,133__ $200,000 — — $200,000 $ + + + + + + + + + + + + + + + $- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: Monroe County Property Appraiser "Strawman" Additions from July Est. Cost Per Cumulative Est. Cost Per Millage $100,000 of Millage $100,000 of Fund Est. Cost Rate Taxable Value Rate Taxable Value 2.5459 $ 254.59 1.84%over rolled-back 001 Hurricane Reserves $ 1,000,000.00 0.0352 $ 3.52 2.5811 $ 258.11 2.92%over rolled-back N/A Health Department Increase $ 200,000.00 0.0070 $ 0.70 2.5881 $ 258.81 3.14%over rolled-back TOTAL $ 1,200,000.00 4.22 4.22 Est. Cost Est. Taxable Value * $28,429,675,178 Calculation (Estimated Cost/28,429,675,178)*1,000= County-wide Services Rolled-back millage rate is 2.5459 Proposed millage rate is 2.5881 Proposed millage rate is 1.66% above the rolled-back rate Aggregate Rolled-back millage rate is 3.2515 Proposed millage rate is 3.3536 Proposed millage rate is 3.14% above the rolled-back rate 9 . • County-Wide Taxable Property Values vs . Ad Valorem Tax Levy $26.3 $26.5 $ .4 $24.9 $22.3 $23.0 1111r- $19.6 $21.6 il IL 8.5 $18.7 $19.1 I I- $20.2 9i F • r. 7 e c t 4 $ : $ it ' P ' 1 $ $77.1 ' 6 - : $ $90.8 $95.3 Taxable Value 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 %Change over -7.6% -14.9% -12.5% -5.2% 0.9% 2.4% 5.5% 6.8% 6.6% 8.2% 6.1% 7.5% Previous Year • • • • • ■ ■ FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Above/-below roll-back 7.78 -0.28 -3.79 -4.75 -2.692 2.67 2.75 -0.03 -0.33 3.84 5.86 3.14 +/(-)prior year tax levy 6,138,320 65,301 (3,135,683) (4,078,537) (2,877,412) 1,848,033 2,481,692 747,699 574,673 4,027,266 5,904,725 4,505,206 10 FY20 BudgetN ew FTE Requests • General Fund Guardian Ad Litem Executive Assistant - $63K ($45K Base Salary + Benefits) Social Services Executive Assistant - $63K ($45K Base Salary + Benefits) • Unincorporated Parks & Beaches Fund Parks Director - $134K ($103K Base Salary + Benefits) Parks Maintenance Worker 3 - $57K ($36K Base Salary + Benefits) • Planning, Code Enforcement, Fire Marshal Fund Fire Fleet Mechanic - $88K ($62K Base Salary + Benefits) Fire Marshal - $121K ($77K Base Salary + Benefits) Fire Inspector - $98K ($60K Base Salary + Benefits) Fire Inspector - $98K ($60K Base Salary + Benefits) • District 1 Fire & Ambulance Fund 4 Fire Fighters for Sugarloaf - $328K ($50K Base Salary + Benefits) • Fleet Management Fund Fleet Mechanic/Generator Tech - $75K ($51K Base Salary + Benefits) Fleet Mechanic/Generator Tech - $75K ($51K Base Salary + Benefits) • Risk Fund Safety Office Admin - $63K ($45K Base Salary + Benefits) 15 New FTE requests -1.5 Veteran's Transportation Coordinator & Driver— part-time positions -2.0 Building Inspector positions 11.5 Total new positions South Florida Ad Valorem Tax Comparison FY20 Countywide Services-Property with $500,000 Taxable Value' FY17 Tax Levy$4,245.45 (Millage Rate 8.4909) 1 II FY18 Tax Levy$4,245.45 Pe' (Millage Rate 8.4909) " FY17 Tax Levy$2,390.75 `FY19 Tax Levy$4,105.35 (Millage Rate 4.7815) (Millage Rate 8.1107) FY18 Tax Levy$2,390.75 apFY17 Tax Levy$2,025.30 • (Millage Rate 4.7815) (Millage Rate 4.0506) FY19 Tax Levy$2,390.75 FY18 Tax Levy$2,025.30 �, d l Beach (Millage Rate 4.7815) (Millage Rate 4.0506) t. Lee FY19 Tax Levy$2,025.30 11 (Millage Rate 4.0506) _ —_- FY17 Tax Levy$2,723.70 r .;> FY17 Tax Levy$1,782.25 &fW n (Millage Rate 5.4474) I ii, (Millage Rate 3.5645) Collier �i ._ FY18 Tax Levy$2,731.15 11 FY18 Tax Levy$1,782.25 (Millage Rate 5.4623) (Millage Rate 3.5645) el FY19 Tax Levy$2,739.60 a FY19 Tax Levy$1,782.25 (Millage Rate 5.4792) (Millage Rate 3.5645) L, Dade ■�� M roe 1I1 k y FY17 Adopted Tax Levy$1,414.85 $FY17 Tax Levy$2,333.45 (Millage Rate 2.8297) : (Millage Rate 4.6669) 2018 Adopted Tax Levy$1,347.85 FY18 Tax Levy$2,333.45 (Millage Rate 2.6957) (Millage Rate 4.6669) 2019 Adopted Tax Levy $1,347.85 FY19 Tax Levy$2,333.45 (Millage Rate 2.6957) (Millage Rate 4.6669) 2020 Proposed Tax Levy$1,294.05 (Millage Rate 2.5881) " w f111 II wC . 1 Source: Florida Department of Revenue: Comparison of Property Taxes Levied Ad Valorem Taxes- FY20 Millage Levy County-wide Services Budget As assessed to an individual FY19 FY20 homeowner Assessed value of home $ 550,000.00 $ 550,000.00 Homestead exemption $ (50,000.00) $ (50,000.00) Taxable value of home $ 500,000.00 $ 500,000.00 X Propose( County-wide Millage Rate 2.6957 2.5881 Homeowner property tax levy $ 1,347.85 $ (,294.0D As levied for the County-wide Budget County-wide taxable property value $ 26,439,157,832 $ 28,429,675,178 X Proposed County-wide Millage Rate 2.6957 2.5881 Property Tax Levy $ 71,272,038 $ 73,578,842 *The County-wide tax levy supports the General Fund, Fine & Forfeiture Fund (BOCC and Elected Officials) along with Local $2,306,805 Health Department functions. Save Our Homes-County-wide Millage As provided in Section 193.155(1),F.S.,beginning in 1995,or the year after the property receives homestead exemption,an annual increase in assessment shall not exceed the lower of the following: a.Three percent of the assessed value of the property for the prior year;or b.The percentage change in the Consumer Price Index(CPI)for all urban consumers. Year CPI Change Cap FY19 FY20 Save our Homes 0 2019 1.90% 1.90% Cap 1.9/0 2018 2.10% 2.10% 550,000.00 560,450.00 10,450.00 2017 2.10% 2.10% (50,000.00) (50,000.00) 2016 0.70% 0.70% 500,000.00 510,450.00 Taxable Value 2015 0.80% 0.80% Maximum Maximum Increase 2014 1.50% 1.50% 2.6957 2.5881 Increase Per Year Per month 2013 1.70% 1.70% 1,347.85 1,321.10 (26.75) 411110 2012 3.00% 3.00% 2011 1.50% 1.50% FY19 FY20 Non-Homesteaded 2010 2.70% 2.70% Cap 10% 2009 0.10% 0.10% 550,000.00 605,000.00 55,000.00 2008 4.10% 3.00% 550,000.00 605,000.00 Taxable Value Maximum Increase Maximum Increase 2.6957 2.5881 Per Year Per month 1,482.64 1,565.80 83.17 6.93 • Ad Valorem Fund Summary FY 20 PreliminaryProjections& FY 20 Ad Valorem 001 101 141 147 148 149 Fund General Fine&Forf. Fire&EMS Uninc.Parks Plan,Zone,Code Road Patrol ESTIMATED ENDING(9/30/19)FY19 FUND BALANCE 34,103,957 21,170,885 4,448,359 1,005,766 8,918,832 1,748,209 BUDGETED FY 20 REVENUES Ad Valorem Taxes 21,881,458 50,454,196 12,861,701 2,298,018 0 4,641,331 92,136,704 BOCC Other Revenue 21,429,239 11,261,500 806,000 566,000 8,112,307 4,032,688 1,243,456 Health Dept. Transfers In(cost allocation&excess fees) 11,492,601 1,500,000 180,000 0 10,000 355,000 93,380,160 Total tax levy Less 5%non-collection FL.Stat. (2,165,535) (3,085,785) (683,385) (143,201) (405,615) (233,467) Total Budgeted FY20 Revenues 52,637,763 60,129,911 13,164,316 2,720,817 7,716,692 8,795,552 BUDGETED FY 20 EXPENDITURES 60,124,923 64,970,279 14,806,004 3,465,278 11,295,124 9,129,109 Budgeted Net Change Fund Balance (7,487,160) (4,840,368) (1,641,688) (744,461) (3,578,432) (333,557) (18,625,666) BUDGETED ENDING(9/30/20)FY20 FUND BALANCE 26,616,797 16,242,570 2,806,671 261,305 5,340,400 1,414,652 3 months Operating Capital 16,358,773 3,701,501 834,456 4,973,781 1,614,829 (894,830) (573,151) 366,619 (200,177) ESTIMATED FY 20 REVENUES Ad Valorem Taxes 21,224,754 48,940,570 12,475,850 2,229,077 0 4,502,091 89,372,342 @ 97% Other Revenue 20,531,139 10,955,925 765,700 562,700 7,706,692 4,068,779 Less City of Transfers In(cost allocation&excess fees) 10,912,601 1,500,000 180,000 0 10,000 320,388 KW TIF Total Estimated FY20 Revenues 52,668,494 61,396,495 13,421,550 2,791,777 7,716,692 8,891,258 Approx. $1.1M ESTIMATED FY 20 EXPENDITURES 55,711,167 64,006,959 13,508,222 2,957,825 10,194,055 8,961,825 Estimated Net Change Fund Balance (3,042,673) (2,610,464) (86,672) (166,048) (2,477,363) (70.567) (8,453,787) ESTIMATED ENDING(9/30/20)FY20 FUND BALANCE 31,061,284 18,560,421 4,361,687 839,718 6,441,469 1,677,642 3 months Operating Capital 16,358,773 3,701,501 834,456 4,973,781 1,614,829 2,201,648 660,186 5,262 1,467,688 62,813 15 General Fund , Fund Balance General Operating Fund-Fund Balance Audited FY18 Estimated FY19 FY20 Projected Fund Balance Fund Balance Fund Balance 5,010 410 1 month Operating Capital 33,434,191 34,103,957 31,061,284 T00 onths of reserves at 9/30/20 Operating Capital 4 Months 5 Months 6 Months Projected FY20 Operating Budget 60,124,923 20,041,641 25,052,051 30,062,462 Hurricane/Disaster Reserve 11,000,000 11,000,000 11,000,000 Minimum Fund Balance 31,041,641 36,052,051 41,062,462 Fiscal Year 2020 Capital Plan Discussion Revenue Estimates Revenue Estimates for Fiscal Year Ending September 30,2020 Infrastructure Sales Surtax 1%Tax Rate- Default Formula Year Amount %Change Local Government Distribution Percentage Estimated Distribution 1990 $ 6,527,762 MONROE BOCC 60.479865 24,867,234.00 1991 $ 7,763,175 18.9% 1992 $ 8,546,742 10.1% Islamorada 5.966769 2,453,330.00 1993 $ 10,027,642 17.3% Key Colony Beach 0.755060 310,455.00 1994 $ 9,953,100 -0.7% Key West 24.413948 10,038,173.00 1995 $ 10,746,262 8.0% Layton 0.181294 74,542.00 1996 $ 11,521,699 7.2% 1997 $ 12,009,003 4.2% Marathon 8.203063 3,372,816.00 1998 $ 13,217,392 10.1% Countywide Total 100.000000 41,116,550.00 1999 $ 12,996,907 -1.7% 2000 $ 12,387,681 -4.7% One Cent Infrastructure Sales Surtax History 2001 $ 12,719,997 2.7% $25,000,000 2002 $ 12,645,370 -0.6% 2003 $ 12,884,890 1.9% $20,000,000 2004 $ 15,365,641 19.3% $15,000,000 2005 $ 14,875,923 -3.2% 2006 $ 15,201,005 2.2% $10,000,000 2007 $ 15,200,286 0.0% $5,000,000 I I I 2008 $ 15,147,593 -0.3% 2009 $ 13,702,434 -9.5% O .•1 N Al Cr lA ,D N co a, O .•1 N Al Ct V1 t0 A. o0 01 O .•1 N Al V U1 l0 N oo a-; 2010 $ 14,085,030 2.8% 01 01 01 01 D1 01 01 01 01 01 0 0 0 0 0 0 0 0 0 0 .•1 .4 .-I .1 .-1 Al .ti .-1 .-1 01 01 0101 01 01 01 01 01 01 O O O O O O O O O O O O O O O O O O O L. .i r.1 .i .i , .-1 1-1 .4 .i 1••1 N Al Al Al Al Al Al N Al Al Al Al N AlN N N N AlQ1 2011 $ 15,374,998 9.2% ., 2012 $ 16,318,450 6.1% N 2013 $ 17,172,359 5.2% 2014 $ 18,653,970 8.6% 2015 $ 20,161,451 8.1% 2016 $ 20,621,204 2.3% One Cent Infrastructure Sales Surtax 2019 2020 2021 2022 2023 2024 2017 $ 21,510,929 4.3% 2018 $ 20,805,323 3.3% Fund 304 Estimate Estimate Estimate Estimate Estimate Estimate 2019 $ 23,700,629 13.9% Beginning Fund Balance 21,032,084 28,751,964 12,076,150 6,568,145 6,287,407 8,214,0E4 2020 $ 23,000,000 -3.0% Revenue 23,949,188 22,197,500 22,182,500 22,625,200 23,076,754 23,537,339 2021 $ 23,300,000 1.3% Expense (16,229,308) (38,873,314) (27,690,505) (22,905,938) (21,150,097) (19,176,792) 2022 $ 23,766,000 2.0% 2023 $ 24,241,320 2.0% Estimated Ending Fund Balance 28,751,964 12,076,150 6,568,145 6,287,407 8,214,064 12,574,610 2024 $ 24,726,146 2.0% One Cent Infrastructure Sales Tax - Fund 304 Capital Projects FY20 Fiscal Year 2020 Canal Monitoring $236,790 Ocean Reef Building Purchase $600,000 Jefferson Brown $233,934 Public Defender/Simonton Property $165,000 Guidance Care Center Project $200,000 Senior Nutrition Center $155,000 Higg's Beach (Atlantic Street Reallocation) $2,028,241 Big Pine Swimming Hole $720,012 Rowell's Marina $1,080,000 Pigeon Key $477,000 Tiny House $656,496 Key Largo Hydrants $150,000 Road Paving Backlog $250,000 Stock Island II $403,724 1st Street/Bertha $891,175 Koehn Sub Division $333,000 Admin Costs Engineering $1,542,171 Transfers to Grant Fund (125) $1,360,383 Transfers to 314 $13,000,000 Debt Service 2016 Revenue Bond $118,754 Debt Service Cudjoe Reg $3,496,227 Transfers for Debt Debt Service 2014 Revenue Bond $4,281,292 $10,021,273 Key Largo ILA $2,125,000 Land Acquisition $1,250,000 Cost Allocation to General Fund $533,877 Hurricane Irma Cost Share $1,500,000 Total Appropriations $37,788,076 Five-Year CIP - Capital ProJjects Fund PROJECTS FY 20 FY 21 FY 22 FY 23 FY 24 130-135 All Impact Fees(Fund 130-135) 3,594,826 1,319,746 1,438,129 1,556,376 1,670,063 304 Canal Monitoring 236,790 33,720 310 Big Coppitt Waste Water 30,000 30,000 30,000 30,000 30,000 311 Duck Key Waste Water 35,000 35,000 35,000 35,000 35,000 312 Cudjoe Waste Water 2,726,871 225,814 225,814 218,922 218,922 316 Land Acquisition 3,175,000 770,000 620,000 1,420,000 304 Ocean Reef Bldg.Purchase 600,000 304 Jefferson Brown 233,934 304 Public Defender/Simonton Property 165,000 1,505,000 505,000 304 Guidance Care Center Project 200,000 304 Senior Nutrition Center 155,000 305,000 2,055,000 2,585,000 304 Higgs Beach Street Relocate 2,028,241 100,000 2,500,000 304 Big Pine Swimming Hole 720,012 304 Rowell's Marina 1,080,000 304 Pigeon Key 477,000 314 Marathon Library 5,905,385 500,000 304 Tiny Houses 656,496 304 Key Largo Fire District Hydrant Funding 150,000 150,000 314 Cudjoe Fire Station 1,295,085 314 PK Jail&Courthouse 16,605,771 12,832,577 100,000 314 PK Enabling Project 1,680,089 304 Road Paving Backlog 5Yr.Plan 250,000 304 Stock Island II Project 403,724 304 I Bertha 891,175 445,500 304 Kohen Sub Division 333,000 528,750 304 Road&Bridge Phase II 2,000,000 304 Admin/Cost Allocation 1,542,171 1,101,485 1,101,485 1,200,000 1,208,480 102 Road&Bridge Operating/Projects 13,597,097 9,656,477 7,384,837 7,342,774 6,342,774 304 7 Mile Bridge Escrow 177,833 177,833 177,833 306 Clerk of Court Network System 100,000 Total of CIP Projects 58,867,667 29,539,069 16,173,098 14,565,905 11,683,072 Five-Year CIP — Capital ProJjects TRANSFERS FOR DEBT Fund PAYMENT OBLIGATIONS& PROJECTS 304 Transfer to 314- 2014 Revenue Bond 13,000,000 6,610,000 - 308 Transfer to 304 304 Transfer to 310 - - 274,982 350,000 350,000 304/310 Debt Service Big Coppit SRF 682,000 682,000 682,000 682,000 682,000 304 Debt Service 2016 Revenue Bond 118,754 1,119,135 1,124,263 1,119,053 1,118,674 304/312 Debt Service Cudjoe Reg. SRF- Fund 312 9,004,902 9,004,902 9,004,902 9,004,902 9,004,902 304 Debt Service 2014 Revenue Bond Fund 314 4,281,292 4,281,376 4,279,336 4,280,172 4,283,766 304 Key Largo ILA 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 102 Cost Allocation for Fund 102 408,919 408,919 408,919 408,919 408,919 304 Cost Allocation for Fund 304 533,877 533,877 533,877 533,877 533,877 304 Budgeted Transfer to Fund 125-NRCS 1,360,383 82,500 304 Hurricane IRMA cost share est. CAT c,d,e,g 1,500,000 500,000 500,000 304 Transfer to 316 1,250,000 750,000 600,000 1,400,000 All CIP Capital Reserves & Cash Balance 6,362,209 9,710,295 10,595,570 12,386,814 16,826,740 Total Appropriations 99,495,003 65,347,073 46,301,947 46,856,642 47,016,950 Discussion