Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Item B
County Administrator's Fiscal Year 2020 Recommended Budget Roman Gastesi, County Administrator Tina Boan, Director Budget & Finance September 18, 2019 Murray E. Nelson Government Center Key Largo, 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 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%: 1Sheriff $62,188,609 13%i Tourist Development.Council $56,164,778 12% ,Tax Collector $6,689,390 1% Judicial,State Attorney,Public Defender $4,122,270 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%I Total Uses S472,696,406 100% 3 County-Wide Taxable Property Values vs . Ad Valorem Tax Levy $2 3.0 $26.3 $26.5 :::: $ .4 $24.9 '£ $ 22.3 lir i� $19.6 $20.2 $21.6 g N . 18.5 $18.7 $191 P- 4 s lts- 3 Yv ] ) - K' As'xi.y, d`: IL- $ ; $ : ' P ' 1 $75.3 $77.1 6 $80.3 : $E °_- $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 ■ V ■ ■ _ 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 C5-505 93 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 5 2019 County-Wide Taxable Values Based on the 2019 Preliminary Tax Roll Homesteaded taxable value (majority of these are residential properties) $365,228 21% Non-Homesteaded residential properties taxable value $597,326 57% Commercial properties $1,074,905 18% Vacant land taxable value $242,409 4% Source: Monroe County Property Appraiser 6 Save Our e Homes-Count -wide MillaYg 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. FY19 FY20 Save our Homes Cap 1.9% Year CPI Change Cap 358,418.06 365,228.00 6,809.94 2019 1.90% 1.90% (50,000.00) (50,000.00) 2018 2.10% 2.10% 308,418.06 315,228.00 Taxable Value 2017 2.10% 2.10% Maximum Increase Maximum Increase 2.6957 2.5881 Per Year Per month 2016 0.70% 0.70% 2015 0.80% 0.80% 831.40 815.84 (15.56) (1.30) 2014 1.50% 1.50% FY19 FY20 Non-Homesteaded Cap 10% 2013 1.70% 1.70% 543,023.64 597,326.00 54,302.36 2012 3.00% 3.00% - 2011 1.50% 1.50% 543,023.64 597,326.00 Taxable Value 2010 2.70% 2.70% Maximum Increase Maximum Increase 2009 0.10% 0.10% 2.6957 2.5881 Per Year Per month 2008 4.10% 3.00% 1,463.83 1,545.94 82.11 6.84 FY19 FY20 Commercial 10% Cap 977,186.36 1,074,905.00 97,718.64 2.6957 2.5881 Max. Inc. P- . Max. Inc ' 2,634.20 2,781.96 147.76 1 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 (116."13 (894,630) (573,1511 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 63 262 1,46/,688 62,813 General Fund , Fund Balance General Operating Fund-Fund Balance Audited FY18 I Estimated FY19 i FY2_0_Projected Fund Balance !Fund Balance 1 Fund Balance 5,010 410 11 month Operating Capital =P g P— 33,434,191 34,103,957 ! 31,061,284 1 _ 4.00i onths of reserves at 9/30/20 j I I " `_._________-__-- —_-i.___ Operating Capital _ ----_,..__� _r__-_-_-_-.__________.__ 4 Months 5 Months ! 6 Months Projected FY20 Operating Budget 60,124,923 20,041,641`' 25,052,051 d 30,062,462 Hurricane/Disaster Reserve I 11000 000 11000 000 i 11000 000 {Minimum Fund Balance 31,041,641 36,052,051 1 41,062,462 9 FY2O ' 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 Zo Thank You .. Five-Ye. • ar ClP.. . . - Capital Projects . .Fund PROJECTS. FY 20 I, FY 21 I FY 22 FY 23 I FY 24 130-135 ;All Impact Fees(Fund 130-135)- _ 3,594,826 1,319,746 I 1,438,129 1 1,556,376 1 1,670,063 304 1Canal Monitoring 236,790 33,720 j 1 310 I Big Coppitt Waste Water 1 30,000 30,000 I 30,000 1 30,000 I 30,000 311 'Duck Key Waste Water 35,000 1 35,000 i 35,000 I 35,000 1 35,000 j 312 jCudjoe Waste Water ; 2, 1 _726,871 ' 225,814 ! 225,814 I 218,922 1 218,922 Land Acquisition 1 420 000 1 t 304 Ocean Reef Bldg'Purchase I 600 000 304 Jefferson Brown I 233934 1 505,000 304 / p 165,000 1,505,000 . ;Public Defender Simonton Property I 30�4 Guidance Care Center Project 155,000 305 000 2 055 000 2,585,000 _ I 304 io ---- Center - 55, -05,00 ' 5 , 0 ,Senior Nutrition Center 304 ;State Attorney Building 1,500,000 • 304 IHiggs Beach Street Relocate 1,028,241 1,100,000 2,500,000 t I -1 304 jBig Pine Swimming Hole 720,012 1 -- I .-_ 1 304 I Rowell's Marina T 1080,000 304 IPigeonKey 477,000 314 Marathon LibraryI 5,905,385 I 500 000 ; ! 1 I 304 i Tiny Houses 656,496 ; -15 E - - 304 (Key Largo Fire District Hydrant Funding 150,000 1 150,000 I I 314 ICudjoe Fire Station 1,295,085 I _ i 1. 314 IPKJail&Courthouse 16,605,771 12,832,577 100,000 ! 1 314 ;PK Enabling Project 1,680,089 I 1 i I 304 Road Paving Backlog 5 Yr.Plan 250r 1- ,000 -_ - I 304 IStock Island II Project 403,724 I , - - - 304 [I Bertha 891,175 ; 445,500 , I ; 304 I Kohen Sub Division 333,000 528,750 _ - 1 304 IRoad&Bridge Phase II - 2,000,000{ - • 102 Road&Bridge Operating/Projects ] 13 597,097' 9,656,477 7,384 837 7,342 774 jj 6,342,774 ; 304 IAdmin CostAllocation 1,101,485 1 101485 i 1200 000 1 208,480 11 I i 1 304 17 Mile Bridge Escrow_ I 1 177,833 177,833 I-, _ 177,833 6 ,ClerkofCourtNetworkSystem 100,000 j i (Total of CIP Projects _ 59,367,6671 30;539,0691 16,173,098 14,565,905 ' 11,683,072 1 . ., Five-Year CIP — Capital Projects Total of CIP Projects , 1 59,367,667 30,539,069 16,173,098 14,565,905 11,683,0721, -4 _ I ----# I TRANSFERS FOR DEBT L__ Fund PAYMENT OBLIGATIONS&PROJECTS — 304 Transfer to 314-2014 Revenue Bond 13,000,000 6,610,000 - --I 308 Transfer to 304 -I --I 304 Transfer to 310 - L - 274,982 350,000 350,000 1 304/310 Debt Service Big Coppit SRF _ 682,000 682,000 682,000 682,000 1 682,000 1 304 Debt Service 2016 Revenue Bond 118,754 1,119435 1,124,263 1,119,05 L3 I 1,118,674 304/312 Debt Service Cudjoe Reg.SRF-Fund 312 9,004,902 9,004,902 9,004,902 9,004,90 12 , 9,004,902 304 Debt Service 2014 Revenue Bond Fund 314 4,281,292 _ 4,281,376 4,279,336 4,280,172 li_ 4,283,766 304 Key Largo ILA 2,125,000 2,125,000 2425,000 2,125,000 1 2425,000 i i,- 102 Cost Allocation for Fund 102 408,919 408,919 408,919 408,919 408,919 , --i 304 Cost Allocation for Fund 304 533,877 533,877 533,877 I 533,877 i 533,877 304 Budgeted Transfer to Fund 25-NRCS 1,360,383 L 82,500 r- ---1 304 Hurricane IRMA cost share est.CAT c,d,e,g 1,500,000_1 500,000 t_ 500,000 1 i I 304 I Transfe r to 316 1,250,000 1 750,000 1 600,000 1,400,000 t --- All CIP 'Capital Reserves&Cash Balance 5,862,209 1 8,710,295 I 10,595,570 12,717,198 16,826,740 'Total Appropriations , 99,495,003 1 65,347,073 I 46,301,947 . 47,187,026 1 47,016,950 2