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Item B County Administrator's Fiscal Year 2020 Recommended Budget Roman Gastesi, County Administrator Tina Boan, Director Budget & Finance September 10, 2019 Marathon Government Center Marathon, FL • FY20 Budget Process • September 5th — First Public Hearing — Adoption of Tentative Millage Rate and Tentative Budget • Harvey Government Center, Key West • September 10t" — 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 Revenue FY20 % of 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% FY20 Operating Revenues $ „.,, ,,.. „,.... ,...... $ S Sales Tax State Shared Ad License Fines Misc. $5.9M Revenues Valorem and And Forfeits Revenues (Tourist Impact Tax($4.7M), $17.2 M Taxes Permits $2.9M $2.9M Local Communications Tax ($630K), Local Business Tax (1 Cent Sales Tax $94.3 M $6.7 M (Code Fees($2.2M), (Misc. Revenue ($550K)) ($12.1M), State Sharing 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 87K), Public Safety Assessments 8K)) ($787K)) S. $85.2M Interfund (Solid Waste Fees ($18.4M), Airport Fees($11.1M), Trauma Transfers Star($8.1M), City Policing ($4.0M), Planning Fees ($3.2M), - 1111110 $6.5M Sheriff Inmate Housing($2.5M), Card Sound Tolls($1.2M), Internal w> Services ($32.8M), Ambulance ($650K), Other($3.2M)) Fund Balance Excess $30.0M Fees $7.0M 0 $258.6M FY 20 Total Appropriations Public I 1 ,,, 1 I I 1 1 ! �� � * �� �� Clerk of Property Supervisor of � udicial BOCC Ir Sheriff $ 173.2M Courts Tax Collector Appraiser Elections $ 62.2M $ 5.3M $ 6.7M � $u4.8M � $2.1M � J$ 2.7M Operating Departments0 BOCC Operating $ 173.5M 37% onstitutional $258.6M $ 85.1M 18% State Attorney Capital Projects w/Debt Svc. $ 77.9M 16% $ 728K Tourist Development Council $ 56.2M 12% Public Budget Transfers, Reserves & $ 80.OM Total $ 472.7M 17% Defender Cash Balance $ 632K Residential Real Estate Trends $1,200,000 —._ _ -_ $1,200,000 $1,000,000 average sale price $989,745 $1,000,000 —Linear(average sale price) $912,239 $896,349 -e- -e-S861,153 $857,514 -e- $820,890-e- $790 � $800,000 .e- — $800,000 $707,216 $727,366 -e- $673,541 $ $652,292 S631,374 — $600,000 $565,984 $572.557 S600.000 S539.893 e $532,059- -0- $409,256 $400,000 $366,7g5_ — $400,000 -e-�352,713 $309,864 89.133$ -e- $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 6 County-Wide Taxable Property Values vs . Ad Valorem Tax Levy $26.3 $26.5 $ :.4 $24.9 - $22.3 $23.0 $19.6 $20.2 $21.6 I. 18.5 $18.7 $19.1 _ - __ _.. $ ; $ ; • ► ' 1 $ : $77.1 $79.6 $80.3 $80.9 $84.9 $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 County-Wide Assessed Value Monroe County including Incorporated Areas Number of Improved Residential Parcels 42,795 *Average Non-School Taxable Value C505,93.D Unincorporated Monroe County Number of Improved Residential Parcels 22,378 • *Average Non-School Taxable Value $493,390 *Value used for millage rate calculation Source: Monroe County Property Appraiser 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 ropu„, County-wide Millage Rate 2.6957 2.5881 Homeowner property tax levy $ ', 1,347.85 $ 1,294.05 As levied for the County-wide Budget County-wide taxable property value $ 26,439,157,832 $ 28,429,675,178 X opu.Je, 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 y $2,306,805 Health Department functions. �,, R South Florida Ad Valorem Tax Comparison FY20 County-wide Services- Property with $500,000 Taxable Value FY17 Tax Levy$4,245.45 liY\ (Millage Rate 8.4909) FY18 Tax Levy$4,245.45 (Millage Rate 8.4909) FY17 Tax Levy$2,390.75 FY19 Tax Levy$4,105.35 (Millage Rate 4.7815) (Millage Rate 8. 107) FY18 Tax Levy$2,390.75 K\ FY17 Tax Levy$2,025.30 ,; 4- (Millage Rate 4.7815) moo (Millage Rate 4.0506) i FY19 Tax Levy 2 390.75 FY18 Tax Levy$2,025.30 Hen''�� u� Palm Be (Millage Rate 4.7815) (Millage Rate 4.0506) LC FY19 Tax Levy$2,025.30 1. (Millage Rate 4.0506) � - - FY17 Tax Levy$2,723.70 i ,=` FY17 Tax Levy$1,782.25 Bf+� �3f (Millage Rate 5.4474) II 1 (Millage Rate 3.5645) Collier FY18 Tax Levy$2,731.15 FY18 Tax Levy$1,782.25 (Millage Rate 5.4623) (Millage Rate 3.5645) FY19 Tax Levy$2,739.60 FY19 Tax Levy $1,782.25 (Millage Rate 5.4792) (Millage Rate 3.5645) ` Dade -= Mack' roe 7 /. FY17 Adopted Tax Levy$1,414.85 l' FY17_ Tax Levy$2,333.45 ,,, (Millage Rate 2.8297) `' (Millage Rate 4.6669) 2018 Adopted Tax Levy$1,347.85 '11 FY18 Tax Levy$2,333.45 (Millage Rate 2.6957) '4 all% (Millage Rate 4.6669) 2019 Adopted Tax Levy $1,347.85 FY19 Tax Levy$2,333.45 (Millage Rate 2.6957) 0. (Millage Rate 4.6669) 2020 Proposed Tax Levy$1,294.05 (Millage Rate 2.5881) _. 1 Source: Florida Department of Revenue: Comparison of Property Taxes Levied 10 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 2019 1.90% 1.90% Cap 1.9% 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 11 Ad Valorem Fund Summary FY 20 PreliminaryProjections& FY 20 Ad Valorem 001 101 141 147 148 149 Fund General Fine&Fort. 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 (116,203) (894,830) (573,151) 366,619 , 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 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 4.00 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 FY20 Budget New 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 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% Marathon 8.203063 3,372,816.00 1997 $ 12,009,003 4.2% 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 iiiiiiiIIiiiIiIiiiIliiiii 2008 $ 15,147,593 -0.3% 2009_$ 13,702,434 -9.5% $" o N N m Or 111 ID N CO 01 0 N N m Cr 1n 1D N CO CO 0 N N CO O u1 ID N co 2010 $ 14,085,030 2.8% a1 m a1 m m m a1 01 01 c+ o 0 0 0 0 0 0 0 0 o N N N N N N N N N in 01 CO 01 CO 01 01 CO 01 01 01 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 W N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 01 2011 $ 15,374,998 9.2% N 2012 $ 16,318,450 6.1% o 0 2013 $ 17,172,359 5.2% 2014 $ 18,653,970 8.6% One Cent Infrastructure Sales Surtax 2019 2020 2021 2022 2023 2024 2015 $ 20,161,451 81% Fund 304 Estimate Estimate Estimate Estimate Estimate Estimate 2016 $ 20,621,204 2.3% 2017 $ 21,510,929 4.3% Beginning Fund Balance 21,032,084 28,751,964 11,576,150 5,068,145 4,787,407 6,714,064 2018 $ 20,805,323 -3.3% Revenue 23,949,188 22,197,500 22,182,500 22,625,200 23,076,754 23,537,339 2019 $ 23,700,629 13.9% 2020 $ 23,000,000 -3.0% Expense (16,229,308) (39,373,314) (28,690,505) (22,905,938) (21,150,097) (19,176,792) 2021 $ 23,300,000 1.3% Estimated Ending Fund Balance 28,751,964 11,576,150 5,068,145 4,787,407 6,714,064 11,074,610 2022 $ 23,766,000 2.0% 2023 $ 24,241,320 2.0% 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 State Attorney Building $1,500,000 Higg's Beach (Atlantic Street Reallocation) $1,028,241 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 Transfers for Debt Debt Service Cudjoe Reg $3,496,227 $10,021,273 Debt Service 2014 Revenue Bond $4,281,292 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 $38,288,076 Five -Year ClP - Capital Pro 'Jects 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 State Attorney Building 1,500,000 304 Higgs Beach Street Relocate 1,028,241 1,100,000 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 5 Yr.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 59,367,667 30,539,069 16,173,098 14,565,905 11,683,072 Five -Year CIP — Capital Projects Total of CIP Projects 59,367,667 30,539,069 16,173,098 14,565,905 11,683,072 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 5,862,209 8,710,295 10,595,570 12,717,198 16,826,740 Total Appropriations 99,495,003 65,347,073 46,301,947 47,187,026 47,016,950 Discussion