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Item C2 ,• County Administrator's FiscaIYear2O22 Recommended Budget Roman Gastesi, County Administrator Tina Boan, Director Budget & Finance September 8th, 2021 Harvey Government Center Key West, FL C2 FY22 Budget Process • September 8th — First Public Hearing — Adoption of Tentative Millage Rate and Tentative Budget • Harvey Government Center, Key West • September gth — Special Bud g — BOCC Discus of Required) eAliv arathon Government Center, Marathon • September 15th — Final Public Hearing — Adoption of Final Millage Rate and Final Budget • Murray E. Nelson Government Center, Key Largo 2 Year Summary .. i I 2022 F sca . . FY22 %.of Revenue.: : . . Proposed:: ": Total Ad Valorem Taxes Budgeted Ad Valorem 105,691,939 4 $105,691,939... 23% Delinquent Taxes . Health Department 1,398,760 :.:$:2.13,500 0% Local Option,Use&Fuel Taxes Total Ad Valorem 107,090,699 $69,426,456 i 15% Licenses,Permits&Impact Fees ' :$9,348;344 2% Intergov. Rev./Grants,.PILT, Shared Taxes.:. . . . : $22,158,240 . . 4% Charges forServices•. ::' : : : "".. • $87,018,301 i :::19% Fines&Forfeitures . " $2,928,100:. :" 1% Miscellaneous $3,,663,996 ': 1% Interfund Transfers: : :: .. $34,649,213 ,::: . 8% Debt Proceeds $0 : 0% Fund Bal Fwd/Less 5% $122,213,684 27% Total Sources. 1... . ..... - .. - . . . :.:: - - ..__.. - $457,311;773,, .:100% - ,. . FY22 % of Expenditure i Proposed Total 0.O.C.C. Operating $188,336,909 41% 'Capital Projects,including Debt Service 0 • $50,844,144 . 11%1 'Sheriff $70,814,577 15% Tourist Development Council - $54,340,406 12%; Tax Collector _ $7,431,007 2% Judicial,State Attorney,Public Defender " $4,813,737 1%! Property Appraiser $5,201,539 1% Clerk of the Courts , $6,512,700 , , 1% !Supervisor'of Elections : $2,234,868 0%1 ?Budget Transfers,Cash Balance 8i Reserves $66,781,886 14% Total Uses _ $457,311,773.__ 100°/11 3 FY22 Total Appropriations ., Public 1 1 I I 1 Clerk of Property Supervisor of : • BOCC - Sheriff Tax Collector Judicial $ 188.3M Courts .4M Appraiser Elections $ 70.8M $.7 , $ 3.4M $ 6.5M . .$.5.2M .$2.2M . . Operating ,Departments ' BOCC Operating $ 188.3M 41% . 0 I onstitutional f $ 97:0.M it 22% $285.3M State Attorney , Capital Projects w/Debt Svc. . $ 50.8M . 11% $ 742.8K Tourist Development Council $ 54.3M 12% Public Budget Transfers, Reserves & $ 66.8M 14% Defender ': Cash Balance -$705K-. , Total $ 457.3M 100% • AD Valorem Distribution LAD Valorem,Property Tax 1,012;732 1%. State Attorney 407;780,Public Defender 604,952 Sheriff '2,224,950 Ill 2%' Judicial Court Administrator 56;356,774 Fund 101 2;034,868: . . 2% 'Supervisor Of Elections 4;987,608 Fund 149 4;701;539 4% Property Appraiser 61,344,382 4;423;559 4%: Tax Collector 5200,000 5% ..Clerk of Court :61;344,382 : • : :57% Sheriff Law'Enforcement . Public Safet: ri y+ 1;398,760 : 10 : MC Health:Department $76.96M,_72% 14 214,218 13% Fire&Ambulance 96;555;008 90% Constitutional officers/Public Safety 2,686,114 3%' Parks.Beachei&Recreation 2,224,594 2% Middle Keys Health Care 2;040;000 2% "Human'Sen ices Advisory Board 1;30000 1% Tax Increment Financing Dist.CoKW. 2,284,983 2% BOCC Operating Departments Balance of funding from sources discussed on pg.4 107,090,699 100% 5 County-Wide Gross Taxable Property Values vs . Ad Valorem Tax Levy $-3-22-B $30.1 Billions $26.3 $26.6 $28, 19.1 , $24.9 -,.------ -23.0 lir ,..-.: $21.4$20.2 Al 1111110..........;,5 . _._ .,---1111 1111-711111' --'..- ill.-- 111F-111- I - . - . I 11111 liii ill . . Li Millions $85.3 $85.3 $82.2 $78.1 $75.3 $77.1 $79.6 $80.3 $89 $84.9 $90.8 $95.3 $100.5 $107.1M Taxable Value 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 %Change over -7.6% -14.9% -12.5% -5.2% 0.9% 2.1% 5.8% 5.8% 7.6% 8.2% 6.5% 7.2% 5.6% 7.2% Previous Year • • • • • ® •• • • • ID u • .., ' ------ FY 09 : FY 10 " FY 11 FY 12 FY 13 FY 14 FY 15 r FY 16 .r FY 17 : FY 18 r FY 19 ' FY 20 FY 21 FY 22 Budget ,Budget: Budget : Budget Budget Budget Budget 1 Budget i Budget , Budget i Budget ; Budget Budget Budget Above/-below roll-back 7.78, -0.281 -3.79! -4.75, -2.6921 2.67, 2.75 -0.03 -0.33! 3.841 5.86! 3.14, 3.75 5.47' +/(-)prior year tax levy 6,138,320 , 65,301 (3,135,683)1 (4,078,537)1 (2,877,412)1 1,848,033 2,481,692 : 747,699 , 574,673 I 4,027,266 5,904,725 1 4,505,206 5,197,449 6,551,636 FY20 included new Middle Keys 6 ' Health Care MSTU ($2 Million) ' _, Major Revenue COVID- 19 FY20 State State Estimated Revenue Source Estimates FY20 Actual Revenue Loss Communications Services Tax 563,159 487,925 (75,234) County Revenue Sharing 2,628,783 2,573,873 (54,910) Local Discretionary Sales Surtax 24,867,234 19,863,169 (5,004,065) Local Government Half-cent Sales Tax 12,880,635 10,519,162 (2,361,473) Constitutional Fuel Tax 2,623,169 2,436,573 (186,596) County Fuel Tax 1,153,998 1,069,221 (84,777) Local Option Fuel Taxes 1,916,634 1,773,239 (143,395) Ninth-cent Fuel Tax 547,068 522,425 (24,643) Total Revenue Loss 47,180,680 39,245,588 (7,935,092) Non-State Estimated Revenue Source FY20 Budget FY20 Actual... Revenue Loss.:. Tourist Impact 4,711,220 4,011,963 (699,257) Trauma Star 8,150,000 7,062,106 (1,087,894) Ambulance 650,000 635,765 (14,235) Planning 2,775,000 2,780,745 5,745 Life Safety Planning Fees 375,000 496,950 121,950 Code 2,185,000 1,526,239 (658,761) Building Permits 5,800,000 4,996,531 (803,469) Total Revenue Loss 24,646,220 21,510,299 (3,135,921) TOTAL REVENUE LOSS 71,826,900 60,755,887 (11,071,013) 7 Budget Actions Taken COVID- 19 • March 23rd - Closed the Keys • Immediate action to identify, analyze and estimate potential revenue shortages and at-risk revenue • Immediately instituted hiring freeze and purchasing freeze; furloughed 40.5 employees ($3. 17M savings) • Suspended discretionary spending • Deferred work wherever possible 8 COLA & Merit Increase History . _ , Budget Fiscal Non-Union BOCC Employees Teamsters Firefighters-Non Firefighters- Cpi* Year Bargaining,Unit Bargaining Unit FY11/FY12 Budget ' No Change No Change l 3%COLA& 3-5% ' 3%COLA&3- ; 2.7/1.5 'I Step ' 5%Step FY13 Budget -3%New Deduction FRS -3% New Deduction FRS -3% New Deduction FRS -3%New Deduction 3.0 3%for FRS law change&2%COLA 3%for FRS law change&2%COLA No Change FRS No Change I FY14 Budget ', No Change !; No Change l; No Change No Change , , 1.7 FY15 Budget 0%-5% 0%-5% No Change No Change 1.5 Performance-based/Merit Performance-based/Merit (no COLA-average 3%) (no COLA-average 3%) FY16 Budget 2% ', 2% ,1 2% i; 2% 0.8 ' , Performance-based/Merit '! Performance-based/Merit , .1 (0.8%COLA,1.2% I (0.8%COLA,1.2% , (0.8%COLA,1.2%Performance) _`(0.8%COLA,1.2%Performance)__ _:; Performance) ', Performance) , FY17 Budget 4% 4% 4% 4% 0.7 Performance-based/Merit Performance-based/Merit (0.7%COLA, (0.7%COLA, (0.7%COLA,3.3%Performance) (0.7%COLA,3.3%Performance) 3.3%Performance) 3.3%Performance) FY18 Budget 4% - 4% - - - 4%(2.1%COLA,1.9% 4% - 2.1 ,' Performance-based/Merit Performance-based/Merit Performance) 'I (2.1%COLA,1.9% (2.1%COLA,1.9%Performance) (2.1%COLA,1.9%Performance) Performance) FY19 Budget 2.1%COLA 2.1% COLA 2.1%COLA 2.1%COLA 2.1 (Hurricane IRMA) No Performance-based/Merit No Performance-based/Merit No Performance- No Performance- based/Merit based/Merit FY20 Budget ' 4% . 4% ;l , i4% : 4% 1.9 Reimplement Performance-based/Merit Reimplement Performance-based/Merit ! Salary Adjustment Salary Adjustment ;_(1.9%COLA,2.1%Performance) (1,9%COLA,2 1%Performance) FY21 Budget No COLA/Merit No COLA/Merit No COLA/Merit No,COLA/Merit 2.3 (State COLA 3%for County funded positions- Judicial,Tax Collector and Property Appraiser) FY22 Budget 3.7%COLA& 1.3% Merit' _- 3.7%COLA& 1.3% Merit 5% , 7.86% 1.4 (COLA 2.3%&1.4%,Performance-based Merit) (Performance-based/Merit), Salary Adjustment Salary Adjustment *CPI(Unadjusted ending Dec of 9 prior budget year) Salary Discussion Sheriff Bargaining Unit Salary Increases 7.86% $2,069,909 Non-Bargaining Unit Salary Increases 5% $738,739 Trauma Star Salary Increases 5% $153,573 Emergency Communications Department Salary Increases 5% $11,428 Total $2,973,649 Fire Rescue Bargaining Unit Salary Increases 7.86% $921,090 Non-Bargaining Unit Salary Increases 5% $60,201 Fire Rescue Total $981,291 All other BOCC (Non-Bargaining Units and Teamsters): 5% 3.7 %COLA $1,285,311 1.3 % Performance- Based Merit $450,668 Other BOCC Total $1,735,979 Constitutional Officers Property Appraiser Salary Increases 5% $184,798 Supervisor of Elections Salary Increases 5% $46,120 Clerk Salary Increases 5% $274,500 Total $505,418 10 South Florida Ad Valorem Tax Comparison FY21 Countywide Services-Property with $500,000 Taxable Value' FY19 Tax Levy:$4,105.3.5 (Millge Rate.8.2107) ,'` FY20 Tax Levy$3,96.5.60 _os' — (Millage Rate 7.931:2): C. FY19 Tax Levy$2390.75 FY21 Tax Levy$3 875.00 A ll— (Millage Rate 4.7815) (Millage Rate:7.7500) FY20 Tax Levy FY19 Tax,Levy$2,025.30 If i I .M 8l5) :75 1. (Millage Rate 4.7815) (Millage Rate 4.0506) III I+ 1f' } '' n�, .� _ f FY21 Tax Levy$2,390:75 11 e Il FY20 Tax Levy$2;025.30 .'i __ili1 F,,t. i ,IL___ ( = I � :'��i (Millage Rate 4.7815) (Millage Rate 4.0506) 11 ..Le _ FY21:Tax Levy:$2,025.30 -- � ��'-' ---- -_ __ - _-�i �C ti� 011 (Millage Rate 4.0506) :1 1. ' ��1. �i i FY19 Tax Levy$2,739.60' FY19 Tax Levy$1,7821.25 ���: 1; :. rK w lfd:_ j (Millage Rate:5:4.792) mi.010 (Millage Rate 3:5645) ��. . II ��.-� . i FY20 Tax Lev 2 743.90 FY20 Tax.Levy$1,782.25 'V , t1'i (Millage Rate 5.4878) �i (Millage Rate 3.5645) . +I' �,• �---�I . . �l 9.� FY21 Tax.Levy$2,749.95 �; k Milla a Rate 5.4999 FY21 Tax:Levy:$1;782.25 yy . it ,0 E i• g.. ) (Millage Rate 3.5645) 00, -; °IirO i' o 4 mas 2019 Adopted Tax Levy$1,347.85 l'AFY19 Tax:Levy$2,333.45 as ow oil "` l' Rate:4:6669(Millage Rate 2.6957) � ' � °� y (Millage ) ---, 2020 Adopted Tax Levy$1,294.05 i! � ,i;i FY20 Tax Levy.$2,333.45 li 'rf°4 i ice: ..� (Millage Rate 2.5881) ' : .-,-.:; •A_r`- ,� w (Millage Rate:4;6669) _" 2021 Adopted Tax Levy$1,289.05 ;:•�:� FY21 Ta_x.Lev y$2,333.45 (Millage Rate 2.5781) ,,, ' (Millage Rate 4.6669) 2022 Proposed Tax Levy$1,289.05 r (Millage Rate 2.5781) -v `,.�- 11 Lei: ? i--- 1 Source: Florida Department of Revenue: Comparison of Property Taxes Levied 11 Ad Valorem Taxes- FY22 Millage Levy County-wide Services Budget As assessed to an individual FY21 FY22 homeowner 550,000.00 $ 550,000.00 Assessed value of home Homestead exemption $ (50,000.00) $ (50,000.00) Taxable value of home $ 500,000.00 $ 500,000.00 X Proposed County-wide Millage Rate 2.5781 2.5781 Homeowner property tax levy $ 1,289.05 $ 1 289.9 C As levied for the County-wide Budget County-wide taxable property value $ 30,017,184,425 $ 32,185,782,113 X County-wide millage rate 2.5781 2.5781 Property Tax Levy $ 77,387,303 $ 82,978,165 *The County-wide tax levy supports the General Fund, Fine & Forfeiture Fund (BOCC and Elected Officials) along with Local $5,590,862 Health Department functions. 12 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 FY21 FY22 . Save our Homes Cap1.4% I 2011, ao40% ,.400 380,280.00 'I 385,603.92 i 5,323.92 2020 2.30% 2.30% 50 000.00 (50,000.00) 2019 1.90% 1.90% . 330,280.00 . 335,603.92 Taxable Value Maximum Increase , Maximum Increase 2017 2.10% 2.10% 2.5781 2.5781 Per Year Per month 2016 0.70% 0.70% 851.49 , 865.22 1.1.4 FY20 FY21 Non-Homesteaded 2014 1.50% 1.50% Cap 10% = -_ 2013 1.70% 1.70% 563,862.00 ' 620,248.20 I 56,386.20 2012 3.00% 3.00% _ _.-- - I 0 0 563,862.00 620,248.20 Taaxable Value ' 2011 1.50% 1.50% -- , = - �_: --' i 1 Maximum Increase '•Maximum Increase- 2010 2.70% 2.70% ! ..I 2.5.781 2.5781... Per Year Per month. 2009 0.10% 0.10% 1,453 69, 1 599.06 :I: : : 145:37 .1 lap 2008 4.10% 3.00% --- FY20 FY21 Commercial 10% Cap j 1,021,932.00 I 1,124,125.20 102,193.20 2.5781 : 2.5781 Max. Inc. Per Year j Max. Inc. Per month ' 2,634.64 , 2,898.11 I C 263.46 21.96. 13 IFBalance Genera un , ! General Operating Fund-Fund Balance Audited FY19 'Audited FY20 FY21 Projected C i i Fund Balance 'Fund Balance ,Fund Balance 1 5,271,062 11 month Operating Capital 35,043,792 ! 34,937,653 j 37,053,020 i — 4.94 months of reserves at 9/30/21 . 1 I I i ; Operating Capital 4 Months 5 Months ; 6 Months Projected FY22 Operating Budget ! 63,252,741 ; 21,084,247 , 26,355,309 ! 31,626,371 Hurricane/Disaster Reserve ] 11,000,000 ' 11,000,000 11,000,000 'Minimum Fund Balance ; 32,084,247 37,355,309 ? 42,626,371 14 Fiscal Year 2022 Capital Plan Discussion Revenue Estimates . __„ + x Infr�astru tune SalesiSurtax ~ ' _` Revenue Estimates for Fiscal Year Ending September 30,2021 Year Amount %Change - 1%Tax Rate-Default Formula 1990 $ 6,527,762 Local Government Distribution Percentage Estimated Distribution 1991 $ 7,763,175 18.9% MONROE BOCC 60.462135 19,381,987 1992 $ 8,546,742 10.1% 1993 $ 10,027,642 17.3% Islamorada 6.001507 1,923,867 1994 $ 9,953,100 -0.7% Key Colony Beach 0.734366 235,411 1995 $ 10,746,262 8.0% Key West 24.322000 7,796,759 1996 $ 11,521,699 7.2% Layton 0.176828 56,685 1997 $ 12,009,003 4.2% Marathon 8.303164 2,661,696 1998 $ 13,217,392 10.1% Countywide Total 100.000000 32,056,405 1999 $ 12,996,907 -1.7% 2000 $ 12,387,681 -4.7% 2001 $ 12,719,997 2.7% One Cent Infrastructure Sales Surtax History 2002 $ 12,645,370 -0.6% 2003 $ 12,884,890 1.9% $30,000,000 - - - - - - - 2004 $ 15,365,641 . 19.3% 2005 $ 14,875,923 -3.2% 2006 $ 15,201,005 2.2% $20,000,000 2007 $ 15,200,286 0.0% 2008 $ 15,147,593 -0.3% $15,000,000 - 2009 $ 13,702,434 -9.5% 2010 $ 14,085,030 2.8% $10,000,000 -H__ _. _ . -- --_ _..- - - _-_ -- -- -. .. _-- _._ __ .-- _-- -- -_ _-. __ __ .__ _. - _ 2011 $ 15,374,998 9.2% 2012 $ 16,318,450 6.1% $5,000,000 I 2013 $ 17,172,359 5.2% 2014 $ 18,653,970 8.6% o .-i N m et m to N ao m o .-I N m v 10 Uo N 00 m 0 .-4 N m a m to N 00 m 0 ,; 2015 $ 20,161,451 8,1% O1 01 01 01 Cl 01 01 Q1 m m 0 0 0 0 0 0 0 0 0 0 e-1 .4 .-I .-I .-I .-I .-I .-I .-1 .-1 N a m m m m m m m m m m O O O O O O O O O O O O O O O O O O O O O W e-1 .-1 ei . . . . . ri e-I N N N N N N N N N N N N N N N N N N N N N I-1 2016 $ 20,817,676 3.3% IN o 2017 $ 21,510,929 3.3% N 2018 $ 20,805,323 -3.3% 2019 $ 23,583,643 13.4% One Cent Infrastructure 2021 2022 2023 2024 2025 2026 2020 $ 19,863,169 -15.8% Fund 304 Estimate Estimate Estimate Estimate Estimate Estimate „_ z 20211 $ 24 9740,565_ 25;.6/ Beginning Fund Balance 26,102,554 18,493,577 10,308,882 4,515,398 3,630,061 1,534,357 2022 $ . 24,566,456 -1.5% Revenue 25,372,953 26,038,540 25,107,785 25,608,941 26,120,120 26,641,522 2023 $ 25,057,785 2.0% Expense (32,981,930) (34,223,235) (30,901,269) (26,494,278) (28,215,824) (27,112,979) ' 2024 $ "25,558,941 2.0/ * Estimated Endng,Fund 8a/ancel �18,493,57,7 10,308,884 774,517513983 7711613,0170 73;630,061 R��'1,�1,534;357 ' 1,062,900 2025 $ 26,070,120 2.0% *As of 7/1/2021,the state is estimating that the FY2021 Sales Tax Revenue will be$19.4 million;however,we are estimating$24.9 million for Soles 2026 $ 26,591,521 2.0% Tax Revenue.On 8/24/2021,the state revised their FY2022 estimate to$25.5 million;however we conservatively estimating$24.5 million in Sales Tax Revenue. Actual revenue will change the ending fund balance estimate. 16 One Cent Infrastructure Sales Tax - Fund 304 Fiscal Year 2022 Canal Monitoring 49,767 Canal &Culvert Projects 75,000 Ocean Reef Building/Fire Boat 475,000 Public Defender/Simonton Property 1,321,821 Senior Nutrition Center 75,000 Rockland Key Facility 1,200,000 Higg's Beach (Atlantic Street Reallocation) 100,000 Jackson Square Chiller 2,000,000 Jefferson Brown 200,000 County Facilities Capital Projects 1,544,500 Big Pine Swimming Hole 547,708 Rowell's Marina 1,232,014 MCSO Generator 300,000 Trauma Star Helicopter Replacement 500,000 Fire &Ambulance Fire Truck 837,000 Key Largo Hydrants 150,000 Road Paving Backlog 385,000 15t Street/Bertha 405,012 Kohen Sub Division 475,718 Duval Mill & Pave 100,000 7 Mile Bridge 562,655 Twin Lakes 1,000,000 Admin Costs Engineering 2,343,402 Transfer to Fund 310 250,000 Debt Service 2016 Revenue Bond 1,124,263 - - Debt Service Cudjoe Reg 7,253,742 $15,032,341 Debt Service 2014 Revenue Bond 4,279,336 Key Largo ILA • _ 2,125,000 Transfer to Fund 316 500,000 Cost Allocation to General Fund 533,877 Hurricane Irma Cost Share. 500,000 Capital Reserves &Cash Balance 6,204,595 17 Total Appropriations $ 38,650,410 ... Five-Year CIP - Capital Projects FIVE-YEAR CIP UPDATE-CAPITAL PROJECTS ' ' Fund PROJECTS.'PROJEC FY 22 FY 23 FY 24 FY 25 FY 26 130-135 All Impact Fees(Fund 130-135) 1,470,324 i 1,493,321 i 1,548,247 1,671,383, 1,787,401! 102 ,Sustainability-Roads LIDAR/Pilot Program 102 ICudjoe Garden Trail 58,402, ' - • 132 !Library Automation 25,000 i 304 !Canal Monitoring 49,767 i _._-- �_- ; 304 !Canal&Culvert Projects 75,000 I i 310- ;Big Coppitt Waste Water 30,000; 30,000; 30,000. 30,000; 30,000 311 Duck Key Waste Water 30,000 I 35,000! 35,000 35,000 I 35,000 312 1Cudjoe Waste Water 731,596' 231,596 I 231,596 231,596• 231,596' 315 Long Key Waste Water Project - 316 ;Land Acquisition 1,212 7, 15; ' 304 (Jefferson Brown ; 200,000] j 304 'Public Defender/Simonton Property 1,321,821I 1,077,500 I 304 1Senior Nutrition Center 75,0001 i ' 2,675,000 i 1,685,000 304 ;Building Automation Replacement(Siemens) _ - I j 304 ,RocklandKeyFacility 1,200,000; 200,000 1 304 ;Jackson Square Chiller Building 2,000,000 2,000,000; i 304 :County Facilities Capital Projects 1,544,500 i- I 131 1 Key Largo Park Pickleball Courts 178,500 1 I i- 304 1Trauma Star Helicopter Replacement 500,000 500,000 i 500,000 1 500,000 500,000 304 ;Ocean Reef Bldg./Fire Boat 475,000 304 ;Higgs Beach Street Relocate 100,000 _i 1,969,542; 1,000,000' 304 ,I Big Pine Swimming Hole 547,708 - 304 'Rowell's Marina 1,232,014 314 !Marathon Library 'ra g 23 - -j= __ _! , 304 Seaview Drive Bridge Replacement I 3,231,594� 1,364,969 ----- -_ ! - _ ' 304 !Tiny Houses 1 304 I MCSO Generator 300,000, 2,400,0001 304 :Key Largo Fire District Hydrant Funding 150,000; 150,000 150,000 304 :Fire&Ambulance Fire Truck 837,000 314 ICudjoe Fire Station - 314 1PKJail&Courthouse , 3,200,000; ! 304 !Twin Lakes 1,000,000 I 1,000,000 304 !Road Paving Backlog 5 Yr.Plan 385,000 304 ,1st and Bertha 405,012 304 ;Koehn Sub Division 475,718; 304 'Road&Bridge Phase II 1,000,000 1 4,500,000 304 1Admin Costs 2,343,402' 2,343,402 2,343,402 2,332,906 1 2,332 906' 102 !Road&Bridge Operating/Projects i 9,039,882 I 10,303,205 i 8,434,443 7,053,339! 7,053,339 1 - -------------- 304 'Duval Mill&Pave 100,000 304 17 Mile Bridge Escrow 562,655 562,655 562,655 562,655 562,655 304 'College of the FLK Upper Keys , 304 Poinciana Gardens - ,' 306 ;Clerk of Court Network System 100,000; , 'Total of CIP Projects 1 31,956,016 i 25,558,273 1 15,200,312, 18,061,421! 19,717,897 18 Five-Year CIP — Capital Projects TRANSFERS FOR DEBT , FY 22 I FY 23 r FY 24 1 FY 25 FY 26 Fund PAYMENT OBLIGATIONS&PROJECTS ,-- --- 308 ;Transfer to 304 868/914 r304 ITransfer to 314-2014 Revenue Bond - I - - 304 Transfer to 316 500,000 T 304ii ;Transfer to 310 250,000t 350,000 350,000 Fr 375,000 . 375,000 4 - I 315 1Transfer to 304 425,000 T 304/310 'Debt Service Big Coppit SRF 682,000 1 682,000 682,000 1 682,000 682,000 304 'Debt Service 2016 Revenue Bond 1,124,263 1,119,053 1,118,674 1 5,403,042 5,399,739 1 . 304/312 ;Debt Service Cudjoe Reg.SRF-Fund 312 9,379,482 9,3?9,4821 9,379,482 1 9,379,482 9,379,482 , 1 304 i Debt Service 2014 Revenue Bond Fund 314 4,279,336 4,280,172 4,283,766 1 —i 304 I Key Largo ILA 2,125,000 2,125,000 2,125,000_1 2,125,000 , 125,000 102 !Cost Allocation for Fund 102 408,919 408,919 r 408,919 408,919 408,919 304 ;Cost Allocation for Fund 304 533,877 533,877 533,877 533,877 : 533,877 -1-• _ T --] 304 I Budgeted Transfer to Fund 125 ! _ 304 Hurricane IRMA cost share est.CAT c,d,e,g 500,000 AL_ll CIP ;Capital Reserves&Cash Balance 9,069,550 1 7,333,862 I 10,313,443 8,594,349 1 7,585,102 [ !Total Appropriations 62,102,357 I 51,770,638 1 44,395,473 45,563,090 1 44,207,016 19 Thank You 20