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Item B1 B1 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE Mayor Craig Cates,District 1 The Florida Keys Mayor Pro Tern Holly Merrill Raschein,District 5 Michelle Lincoln,District 2 James K.Scholl,District 3 David Rice,District 4 Budget Meeting Meeting July 18, 2023 Agenda Item Number: B1 2023-1272 BULK ITEM: DEPARTMENT: Administration TIME APPROXIMATE: STAFF CONTACT: AGENDA ITEM WORDING: Presentation by County Administrator Roman Gastesi and Budget and Finance Director Tina Boan. ITEM BACKGROUND: PREVIOUS RELEVANT BOCC ACTION: CONTRACT/AGREEMENT CHANGES: STAFF RECOMMENDATION: DOCUMENTATION: FINANCIAL IMPACT: 4 County Administrator's Fiscal Year 2024 Recommended Budget Roman Gastesi County Administrator Tina'Boan, Director Office of Management 81, Budget July 18, 2023 Marathon Government Center Marathon, FL FY2024 Budget Process • July 18th — Today's Special Budget Meeting, in Marathon, BOCC Certifies the Proposed Millage Rate to Property Appraiser; the rate that goes out on the tax bill (TRIM ) • September 6th — First Public Hearing Adoption of Tentative Budget and Millage Rate Key West at 5 :05pm • September 20th — Final Public Hearing Adoption of Final Budget & and Millage Rate Key Largo at 5 :05pm 2 Y . Fiscal Year 2024 Budget Summary FY24 % of ` Revenue Proposed Total jAd Valorem Taxes !Budgeted Ad Valorem $139,672,215' ■11 $139,672,215 21%E 'Delinquent Taxes ! Health Department $1,608,2371 $29,500 0%1 Local Option,Use&Fuel Taxes Total Ad Valorem $141,280,4521 $105,725,000 16% Licenses, Permits&Impact Fees $9,126,139 2%, Intergov. Rev./Grants,PILT, Shared Taxes $26,294,269 3%1 Charges for Services $103,010,416 15%1 i Fines&Forfeitures $2,137,500 0% Miscellaneous $4,293,031 1% lInterfund Transfers $40,188,597 6% Debt Proceeds $13,306,800 2%; Fund Bal Fwd/Less 5% $2 :37 34%! Total Sources '.667 31130' _ 100% FY24 % of ;Expenditure Proposed Total B.O.C.C. Operating $227,118,395 34% Capital Projects,including Debt Service $118,185,371 18% Sheriff $84,037,381 13% Tourist Development Council $125,642,929 19% Tax Collector $8,575,291 1% Judicial, State Attorney,Public Defender $5,338,384 1% Property Appraiser $6,365,708 1% Clerk of the Courts $9,179,570 1% Supervisor of Elections $3,177,039 0%, Budget Transfers, Cash Balance &Reserves $79 691 236 12%; Total Uses ',667,311,304 100%, 3 • • "fir;t,F;v,�fk,,�rs-"., � ,§,," ,, � ", ,. . I" S s3" : 3 yA"" =F�2 24.P`r��' d Leda--;� a a` as "t c �as�3�§ " t��x Fen � .�► � ". lure F I> L RR f • , iF c , 8 a 8 � -.t.T 3 asp Y Projects,�'uc�ud�%—�=l�e� Se�v��e°���3 3 ,1` F:F� dG�d�4v� : :u:: � " ,x j�p�( ,� < 8�a�738��_ _ ` v / aa," ss§Xl k' `f ti rstF F�� "a°A ;ti *ira 'sk rc. s , Deecin� c D Yz, s : s x 9,7 °° 4 rs 4tYf -: Hh=<'s ▪ :3, y >F»q-, Y 3'Fs vac`s " ?' "_£.§;'.,�,' rs ,v" ," is v '> . #, Pj�E".t., Y''€a c"€,"E'er,"' ,Y• �n x :.x: ,y .. �°5.�32 x i ` x ,. �,s F <,1�v" k., s.,r ri"x "q 3 r,kx� .Judzcral ���,, " 2. , „ate-AttQrne" Puilic Ief"eer �" S�E��B- :84 �r .,3' SyF "Y , �k`fc > • Y�£:(t;S Pr �„▪ eA=A" r��▪ser° " .Y�;�rF 3 .. 7a8=""-. F I",N3 c ifs,-'s Glrkf th r ma. 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X i 8't"'§^ sr•, f rs x �- c�s •.� n r <,.. ... ,x. , .R � a"na e"me t. in`sU ance i i ,•s. �64�-v 24=". ��Prom©t'ci l :s�Y= 5 � ria"��Adve3rt s n ,. . t$ s $Avis >R %§.$.s �-3 x£ §ky �s #S P�r nn "l:,�F: . .. . .�;? e a n =;Copts.: `I�2-$t ��.n` is" l; ��823 a s© e e to E9k4bS °1'�c. s Y 7 r s#2>. 'i ii` i§" `$ Re > nsFi �"h 33"2� ,f i'�3i•#i RiG` ." " ys3.Ss " 3 " ' r3{?i //f/�� " $4- lr� Es' ,Fy -",fix K:%;'��f Via' , • a� his �rs a c>§i§ ,, s'3s , §3ES"'Y- vf" 1 ".. . itala r ec s°=`rnc udir� xf,eb `5e vi §a'{ - o :Buy rset`Tra`nsfe's§""Cash��aiartCe�°"Rene d rues:. , trtr r ', A , c 5„sx ati§: ¢ C>^: 3 s'si e` •] ` ss . "" Tr `tr` r�=R "r�#� ,yx '%f su ��£Star Hel'i.co".te u � �`se" I-n:" I� °i'r'3 3,306 8U(l Gone ra Fund�t©`"Mr�t o"n�A art" �$ U DOO�F^ p� x a t ci ;k.�;y ,Su ,a v 5"9�8 65€�Y�:-:::_-. ,Tx:�;:;r.- :,� ,:" I.oa`n:to em o ar'-� ▪§$ �I. 'Fund EQ.0 Construction ,.8 �" Y LIC!,:i.f.1!!!:?uma-xStar§Relic© t r.[}el�t::Se"rvice�Y°;'F�' 4;.k �;4;'sY"" "a xl 3 Bud"tet' cl�"!� e" "Transfe r�o`1" 207` $� 7 0 4�5t�7 4xrs£� §., flz 1e °ilV�sfi te"rn"at o A ort'Cc c s s our a'A: �37 492r"840>� Try ▪ eY " "$.. ma;Star'd4bty5ervice;-.T�ansf�r` , f►12149I9 _ -ash"B-l�r`;� �C s (Various�und�a Ge':�' s� �209��7{}'` a " . 2.9MY Fx:. 405;Air orb°` 1;3M'F� 8" i §T 1S M Sc:t S ec p .. :f } c�<e sy rr :Y.: i �Y gy r�;„ Fk. ...E"�: , r . FY2024 Total ro ria ions Public I ' ll BOCC . lerk of Property Supervisor of. Sheriff Tax Collector Judicial Courts $264.6M Appraiser. :Elections: $ 84.0M _ $ 8.6M $ 3.3M $ 9 2M. . $.6.4M $3.2M • Operating griA Departments ' - - BOCC Operating $ 227.1M 34% VIP onstitutional , . : $ 1167 ,r 17% $343 8M State Attorney. Capital Projects w/Debt .Svc. $ 118.2M 18% Tourist Development Council $ 125.6M 19% Public Budget Transfers, Reserves & $ 79.7M 12% Defender Cash Balance $ 839.8K Total $ 667.3M 100% 5 . ,• _ __ _ i FY2024 Operat n Revenues 1 $ $ $ - Ad Lice s $ $ Sales Tax State Shared n e Valorem Fines Misc. an Revenues fit s Fore Revenues $8.75M, 2.55% (Tourist Impact Tax $22.5M, 6.55 And% Taxes Permits ($7.75M), Local (1A Cent Sales Tax $139.7 M, , 2.11VI, 0.62% $43M, Communications Tax $6.2 M, Fees 1. ($16:51VI), State Sharing 0 (Code ($ 4M), 1.24% ($500K), Local Business Tax 0 ($500K)) Proceeds($3.6M),PILT `+0.63/0 1..g 1 Mitigation Penalties ($1.42M),SHIP Program (Ad Valorem ($650K), Clerk• 8 ) Rents (Building Permits Fines Revenue ($475K), Racing Tax ($139.6M), ($5.5M),Solid . ($80K),Penalties ($1 M , en s Charges for ($223.2K), State License Delinquent Ad Waste Franchise other($5K)) ( 375K). Interest 176.8K Public Safety ($2M) )� Valorem ($29.5K)) Fees&Spec Services ($35K)) Assessments $103M, 29.96% ($708K)) Interfund (Solid Waste Fees ($22.5M), Airport Fees($13.9M ,Trauma ra n s e rs p ) . Star($10.1M), City Policing($5M), Planning Fees($3.5M) Sheriff. • , Inmate Housing($250K), Card 1.48% Sound Tolls($2M), Internal Services($41.4M), Ambulance ($850K), Other($2.8M)) Fund Balance Excess Fees $7.1 M, $45M, 0 13.1% 2.05/ 0 $343.8M 6 . . • • • FY2024 Ad Valorem Distribution 2,486,188 2%:. Judicial Court Administrator 68,391,311 Fund 101 2,946,735 2% Supervisor of Elections 5,663,403 Fund 149 5,451,228 4% Property Appraiser 74,054,714 7,763,742 5% . Tax Collector 8,959,815 6% Clerk of Court 818,291 .. 1%. . State Mandated Substance Abuse Mental Health/Baker Act Services Public 74,054,714 52% Sheriff Law Enforcement Safety: 4,090,414 3%' Monroe County Detention Centers/DJJ/Extraditions/Jail.Program $97.1M, 869,357 1%: Medical Examimer 77% 1,608,237 1% : MC Health Department 15,689,512 11% Fire&Ambulance 126,051,800. 89% Constitutional Officers/Public Safety 3,547,891 3% Parks&Beaches&Recreation 2,895,954 2% Middle.Keys Health.Care 2,203,225 2% Human Services Advisory Board 1,500,000 1% Tax Increment Financing District City of Key West (Amount determined after.Final Adoption) 4,755,069 3% Property&liability insurance 326,313 0% Balance of BOCC Operating 141,280,252 100% FUND; PROPERTY TAX INCREASE ALL AD VALOREM FUNDS. FY2023 Adopted _FY2024 Proposed „ Increase. BOCC ALL Regular Wages&Salaries 22065,816 24,043,569 1,977,753 ALL FICA Taxes 1,677,092 1,851,047 173,955 ALL. Life&Health 5,901,486 6,171,070 269,584 ALL Retirement Contributions 4,043,300 4,460,900 417,600 2,838,892 001. Facilities-Utilities 1,963,180 2,098,463 135,283 001. Vehicle Maintenance.-Fleet 936,862 1,090,730 153,868 001 Animal Shelter-Contractual Services 1,679,415 1,847,357 167,942 001 Capital Outlay-IT Equipment 217,700 424,500 206,800 001 Human Service Advisory Board 2,126,300 2,203,225 76,925 001 Sustainability-Contractual Services 196,000 531,200 335,200 001 Legislative Affairs-Professional Services 325,000 446,000 121,000 001 Emergency Management-Equipment 65,000 240,000 ; 175,000 001 Employee Housing Program 1,000,000 1,300,000 300,000 001 Library Services-Software 235,850 235,850. 001. Transit-Micro Transit Grant Match 426000 426000 001 Medical Examiner(net of Risk Managementincluded above) 686,055 891,182 205,127 101 Sheriff Extradition 100,000 200,000 100,000 101 Corrections Facilities-Vehicle Maintenance-Fleet 123,426 166,356 42,930 101. Corrections Facilities-Utilities 705,000 725,000 20,000 101 Corrections Facilities-Capital Outlay-Buildings - 65,000 65,000 2,766,925 TOTAL BOCC OPERATING 5,605,817. . PROPERTY&LIABILITY INSURANCE ALL. Risk Management Charges 4,448,335 9,203,404. 4,755,069 CONSTITUTIONAL OFFICERS. 001 Clerk of Courts 7,235,600 8,959,815 1,724,215 001 Property Appraiser 5,001,621 5,451,228 449,607 001 Supervisor of Elections 2,779,734 : 2,946,735 167,001 101/141 Sheriff 68,419,597 74,054,714 5,331,533. 001 Tax Collector 6,775,634 7,763,742 988,108 001. State Attorney 416,346 828,867 412,521 001. Public Defender(net.of.County funded positions) 395,620. 484,700 . 89,080 001 Judicial. : 2,338,553 2,486,188 147,635 TOTAL CONSTITUTIONAL OFFICERS OPERATING 9,309,700- OTHER TAXING UNITS Health Department 1,532,677 1,608,237 75,560 Middle Keys Health Care 2,624,381 2,954,186 329,805 MINIMUM CASH FUND BALANCE 2,253,974 . ?,TOTAL AD VALOREM FUNDS ;"22,329,925 Countywide Taxable Value History (2001) FY02 - $11,285,509,899 (2012) FY13 - $18,716,037,236 (2002) FY03 - $12,661,928,120 (2013) FY14 - $19,116,269,813 (2003) FY04 - $14,664,046,675 (2014) FY15 - $20,224,006,941 (2004) FY05 - $17,324,108,418 (2015) FY16 - $21,406,157,600 (2005) FY06 - $21,681,414,632 (2016) FY17 - $23,013,321,300 (2006) FY07 - $26,402,556,752 (2017) FY18 - $24,925,686,939 (2007) FY08 - $28,420,913,793 (2018) FY19 - $26,553,651,764 (2008) FY09 - $26,263,542,655 (2019) FY20 - $28,464,940,007 (2009) FY10 - $22,337,625,453 (2020) FY21 - $30,017,184,425 (2010) FY11 - $19,553,885,436 (2021) FY22 - $31,651,287,299 (2011) FY12 - $18,542,927,567 (2022) FY23 - $36,797,588,977 (2023) FY24 - $41,219,779,483 9 • • ntywide 2023 Taxa Based on 2023 July 1st Certification Tax Roll Average Taxable. Taxable Value of Taxable Total Property Type .axab e Value Value Homesteaded o $523,427 $8,327,728,131 19.85/o (Residential) Non-Homesteaded(Residential) $870,860 $23,966,070,082 57.14/0 Commercial $1,533,457 $8,161,056,118 19.46% Vacant Land $386,717 $1,489,633,684 3.55% Total $41,944,488,015 100% *Current gross taxable value for operating purposes is $41.4B. Source: Monroe County Property Appraiser This consists of$40.7B real property+ $745.1M personal property 10 Save Our Homes - CountywideMillage 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. FY23 FY24 Save our Homes; Year. CPI Change Cap ��. �:F , �1�� Cap 3.0% 2023 6i5�0% 0% 6 � �, ���--:.�� € 519,161.00 534,735.83 - � "-15,574.83 2022 7.00% 3.00% (So,000.00) (So,000.00) 2021 1.40% 1.40% - fi 469,161.00 484,735.83 Taxable Value 2020 2.30% 2.30% Maximum Increase Maximum Increase 2019 1.90%. - 1.90% 2.5218 2.7191 Per Year Per month 2018 2.10% 2.10% cii183 13 1,318.05 ( .34.91 11.24 2017 2.10% 2.10% FY23 FY24 Non-Homesteaded 0 0 Cap10% .. 20.16 . 0.70%. 0.70/0 762 720 00 76 272.00 , � 838,992.00 - . � 2015 0.80% 0.80% 2014 1.50% 1.50% 762,720.00 838,992-00 Taxable 'Value _ Maximum Increase Maximum Increase 2013 1.70% 1.70% 2.5218 2.7191 Per Year Per month 2012 3:00% 3.00% 1,923.43 2,2.81.30 357.88 29.82 2011 1.50% 1.50% FY23 FY-24 ' o I . 2010 2.70% 2.70% ; Commercial 10% Cap 2009 0.10% 0.10% 1,251,408.00 1,376,548.80 j y wv 125,140.80 2.5218 27191 Max, Inc: Per Year Max: Inc Perm• 1th o . 2008 4.10/ 3.00% 3,155.80 : 3,742.97 ( 8j7. 48.93 11 . . South Florida Ad Valorem Tax m ri Co a son p FY24 Countywide Services — Per $ 100,000 o V I ue FY22 Tax Levy: $478.15 (Millage Rate 4.7815) �,Q FY23 Tax Levy: $471.50 Tax Levy $386.23 a ,� ( g ) 4,1 fr,"\ FY22 T x ,iE � (Millage Rate:4.7150 •••• (Millage Rate: 3.8623) ►.,,,�r��, !Hendrypair-- FY23 Tax Levy: $376.23 1 , _ 1 (Millage Rate: 3.7623) Ea �; f ' __-'- _-__�- - P, rI 1.11 Bic. FY22 Tax Levy: $356.45 �� ` FY22 Tax Levy: $551.34. 4/1/-\ (Millage Rate 3.5645) , . - - if (Millage Rate 5.5134) FY23 Tax Levy: $356.45 , -- . y. }` FY23 Tax Levy: $553 06 (Millage Rate: 3.5645) ; ` tea, fa (Millage Rate: 5:5306) I t I; Dade • .', r..\ Mdritoieii l', .,-, �_= p,.r4 -� k.,11 . FY22 Tax Levy: $466.69 `'°� 0 ' x'`;.''' (Millage Rate 4.6669) 2022 Adopted Tax Levy: $261.49 �'U:e . bE FY23 Tax Levy: $462.02 ge .Ftl- (Millage Rate 2.6149) fa- (Millage.Rate.:4.6202) ii",.. 2023 Adopted Tax Lev1•11. y: $252.18 °` (Millage Rate 2.5218) { . 2024 Proposed Tax Levy: $271.91 , e, __ (Millage Rate 2.7191) -, 1 Source: Florida Department of Revenue: Comparison of Property Taxes Levied 12 . . Countywide Taxable Property Values vs . Ad Valorem Tax Levy $41.2 $36.: Billions $3 $30.1 $26.3 $26.6 $28.5 $24.9 $22.3 $Z3,0 kr $19:6 $21.4 = 5 19.1 $20.2iii 1 111 Illinririll 1111 .11 s } 3 L f p }- . „. . , .. Millions $85.3 $85.3 $85.3 $82.2 $78.1 $75.3 $77.1 $79.6 $80.3 $80.9 $84.9 $90.8 $95.3 $107.1, $1.18.9 $1.41.2 Taxable Value 2008 2009 2010 2011 2012 2013 2014 2015 2016. 2017 2018 2019 2020 2021 2022. 2023 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% 16.5% 12% Previous Year • ® ■ ® II 0 ® • ■ • ® El D ■ 0. FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Above/-below roll-back -4.75 -2.692 2.67 2.75 -0.03 -0.33 3.84 5.86 3.14 3.75 5.47 9.98 17.55 +/(-)prior year tax levy (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 5,197,449 6,551,636 11,859,638 22,329,925 FY20 included new Middle Keys 13 Health Care MSTU ($2 Million) State Guidelines for Minage Rate Adjustments Current year rolled-back rate from Current Year Form DR-420, Line 16 [2. i 2.2529 Prior year maximum millage rate with a majority vote (2022 Form DR-420MM, Line 13) 3. 3.0373 Prior year operating millage rate from Current Year Form DR-420, Line 10 I . 2.5218 If Line 4 is Greater Than or Equal to Line 3 Then Go to Line 11. Otherwise, Continue on Line 5 Adjust rolled-back rate based on prior year majority-vote maximum millage rate Prior year final gross taxable value from Form DR 420, Line 7 $ 36,808,540,247 Prior year Maximum Ad Valorem proceeds with majority vote 6, $ 111,798,579 (Line 3 multiplied by Line 5 divided by 1,000) Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a 7. I $ 1 dedicated increment value from Form DR-420 Line 12 98,636 Adjusted Prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) 8. 1 $ 110,399,943 Adjusted current year taxable value from DR-420 Line 15 9. i $1 40,580,748,765 Adjusted Current Year Rolled back rate 10. 2.7205 (Line 8 divided by Line 9, multiplied by 1,000) Calculate maximum millage levy j Rolled back rate to be used for maximum millage levy calculation. Enter Line 10 if adjusted or enter Line 2 if Line 10 is not adjusted 11. 2.7205---1 Change in per capita Florida personal income 12. 1.02841 Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12) 13. �� 2.7978 i Two-thirds vote maximum millage rate allowed (multiply Line 13 by 1.10) $ per $1,000 14. 3.0776 Current year proposed millage rate 15. 2.7191 14 • • Tou .rist. TaxandSalesTaxes in Monroe County Monroe County overnight visitors pay 12.5% Paid for by hotel Paid for by Everyone 7.5% Sales Tax Est. 65% Paid by Visitors 5°/° and vacation Lodging accommodations rentals 7.5% 4% Tourist Sales Tax Development Tax 1% Tourist Impact Tax County School Board The Monroe County 50% goes intothe General 6% State sales tax 0.5% Capital Outlay Tax Tourist Development Fund Council 1% BOCC 50%, goes to the MC Land Authority discretionary infrastructure sales surtax 15 . . Tourist . General Fund Revenue -- 1 F 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 +/- 2019 2020 2021 2022 2023 Prior Year Change October 267,308.81 289,718.95 286,530.52 489,797.32 433,509.71 (56,288) -11.5% November 338,484.44 361,146.78 303,412.77 604,806.20 543,420.88 (61,385) -10.1% December 446,468.12 494,616.29 509,970.47 833,153.69 724,642.31 (108,511) -13.0% January 486,395.98 549,995.86 504,556..95 835,816.85 784,198.87 (51,618) -6.2%: February - 555,930.40 630,405.84 655,939.67 97.6,501.71 879,015.96 (97,486) 10.0% March 673,618.77 359,970.81 893,748.13 1,112,237.56 991,408.97 (120,829) 10.9% April 506,116.44 46,313.88 780,422.75 882,857.31 785,315.47. (97,542) -11.0% May. 398,951.99 48,037.17. 742,767.89 710,586.95 June 400,398.33 310,453.89 718,892.35 645,430.62 July 430,549.93 377,225.82 774,975.44 726,803.20 August 303,245.90 294,061.88 506,215.06 483,322.93 September 173,818.32 250,015.67 388,337.02. 334,374.57. Total 4,981,287.43 4,011,962.84 7,065,769.01 8,635,688.91 5,141,512.17 inc/dec prior yr 21.6% -19.5% 76.1% 22.2% FY24 Proposed Budget 7,750,000 YTD(Oct-April) FY2023 5,141,512 FY2022 5,735,171 FY23 OMB Estimate 7,750,000 . Year-Over-Year (593,658) 16 • 1 2 Cent Sales Tax Revenue Countywide General Fund Revenue+ Unincorporated General Purpose Municipal Service Taxing Unit Fund 001 +.148+ 147 State Shared Local Government 1/2 Cent Sales Tax Current FY23 allocation is split 62%to the General Fund 001, 10%to Uninc Svc Dist Parks&Rec Fund 147&28%to the Plan, Build,Zoning Fund 148. YTD. +/- 2019 2020 2021 2022 2023 Prior Year Change October 723,841.23 672,089.77 820,695.09 911,111.84 1,029,986.01 118,874 13.0% November 911,971.28 854,401.86 875,011.83 1,014,880.80 1,095,729.38 80,849 8.0% December 961,349.25 960,368.60 880,562.31 1,501,877.76 1,286,169.13 (215,709) -14.4% January 1,081,154.98 1,187,860.69 1,153,129.03 1,708,370.33 1,540,860.94 (167,509): -9.8% February 1,087,973.08 1,.183,822.34 1,154,308.90 1,567,061.05 1,542,067.75 (24,993) 1.6% March 1,116,403.27 1,204,939.68 1,301,034.74 1,624,857.64 1,589,942.48 (34,915) -2.1% April 1,362,799.34 794,762.36 1,646,624.14 1,909,525.84 1,800,941.88 (108,584) -5.7% May 1,170,912.61 413,643.02 1,523,850.96 1,676,469.52 1,567,553.91 (108,916) -6.5% June 1,053,066.48 505,597.62 1,478,998.59 1,481,631.47 - July 1,036,605.08 912,384.56 1,479,481.06 1,414,447.43 - August 1,060,250.10 943,599.47 1,503,053.03 1,503,723.98 - September 932,077.26 885,6 91.84 1,265,089.50 1,386,566.28 Total 12,498,403.96 10,519,161.81 15,081,839.18 17,700,523.94 11,453,251.48 inc/dec prior yr 13.2% -15.8% 43.4% : 17.4% FY24 Proposed Budget-100° 161555,334 YTD(Oct-May) Fund 001 `58%.... 9,564,307 FY2023 11,453,251 .- .., Fund 147- 10% 1,655,533; FY2022 11,914,155 Fund.148, 32% 5,335,494 Year-Over-Year" (460,903) . . FY23 Adopted Budget-100% ; 16,555,334 Fund 001-78°A 12,913,161" Fund`147-5%. 827,767 Fund 148-17% 2,814,407 FY23 OMB;Estimate 16,621,007. : . 17 • Discussion NEW FY2023 MID-YEAR POSITIONS. POSITION ID# FUND DEPARTMENT POSITION TITLE APPROVAL.DATE ; LOADED SALARY ESFRS201 101 Emergency Services Division Chief 10/19/2022 226,869 PWFM109 001 Facilities Maintenance Maintenance Worker 2 1/18/2023 84,134 PWFM110 001 Facilities Maintenance Maintenance Worker 2 . 1/18/2023 74,875 PWUNI040 147 Parks& Beaches Recreation Team Leader 2/15/2023 95,713 ENGPM032 102 Engineering Senior Project Manager 3/22/2023 156,930 ESFRS202 001 Emergency Services Division Chief 4/19/2023 205,390 TOTAL FY2023 MID-YEAR ADDITIONS 843911 t } TOTAL AD VALOREM P ROPERTY TAX FUNDS 686,981. TOTAL NON AD VALOREM PROPERTY TAX FUNDS 156 930 *The Chief Medical Examiner&the Director of Operations for the Medical Examiner were converted to County employees in FY2023. This reclassification increased the BOCC's FTE count by(2)and increased the cost to the County by$205,127 18 I. . COLA & 1\4 .. .t I H • t I Budget Fiscal Non-Union BOCC Employees Teamsters Firefighters- Non Firefighters- CPI* Year Bargaining Unit Bargaining Unit FY14 Budget No Change No Change 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% 2% 2% 0.8 Performance-based/Merit Performance-based/Merit ' (0.8%COLA,1.2% ' (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) (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% 4% 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 FY23 Budget 7%COLA 7% COLA 7% COLA 6.33% Negotiated 7 2% Merit 2% Merit 2% Merit Union Contract FY24 Budget 5% COLA 5% COLA 5% COLA 6.5% Negotiated C.5 2% Merit 2% Merit 2% Merit Union Contract *CPI(Unadjusted ending Dec of prior budget year) 19 FY2024 Salary Discussion BOCC 5% COLA.+ 2% Merit = .7 $4,269,751 BOCC $4 269,751 Total :� -' L , 4 Total Ad Valorem: $2,838,892 Total Non Ad Valorem: $1,430,859 Constitutional Officers Property Appraiser - 5% COLA + 2% Merit = 7% $320,810 Sheriff - 7%COLA $4,837,661 Supervisor of Elections - 5% COLA + 2% Merit = 7% $369,001 Clerk of Courts - 7% COLA $1,168,300 Judicial Administration - 5% COLA $148,183 Total $6,843,955 20 • • eneral Fun , Fund a ance General Fund Operating Fund Balance FY2022 Audited FY2023 Projected FY2024 Projected Ending Fund Balance Ending Fund Balance Ending Fund Balance 6,807,239 1 Month Operating Capital 49,287,103. 46,886,568 39,880,723 4.3• months of Operating Reserves and $10,000,000 Hurricane Disaster Reserves at 09/30/2024 Operating Capital 4 Mon ths � _ � 5 Months 6 Months .., .-.. Proposed FY24 Operating Budget 81,686,867 27,228,956 34,036,195 40,843,434 Hurricane/Disaster Reserve 10,000,000 10,000,000 10,000,000 Minimum Fund Balance 37,228,956 44,036,195 50,843,434 *The Marathon Airport(Fund 403):is currently utilizing$10,000,000 of.General Fund cash to temporarily fund the construction of the new EOC building. The borrowed funds will be returned to the General Fund upon Grant reimbursement. : . 21 Fiscal Year 2024 Capital . Plan Discussion Revenue Estimates One Cent Infrastructure Surtax Revenue Fund 304- Infrastructure Sales Tax YTD +/- 2019 2020 2021 2022 2023 Prior Year Change October 1,281,785.62 1,204,253.88 1,428,601.32 1,799,761.76 1,757,881.35 (41,880) -2.3% November 1,626,938.48 1,522,348.95 1,551,003.56 2,130,915.98 2,012,834.66: (118,081) -5.5% December 1,611,060..13 1,739,270.09 1,540,198.81 2,350,468.45 2,298,683..14: (51,785) -2.2% 1st Qtr 260,394.85 234,701.65. 301,636.47 487,313.32 548,223.97 60,911 12.5% State True Up January . 1,951,622.38 2,130,901.67 2,057,064.53 3,145,543.84 2,844,626.64 (300,917) -9.6% February 1,992,553.52 2,190,106.83 2,080,400.49 2,882,482.89 2,866,421.-45. (16,061) -0.6% March 2,146,758.69 2,212,710.82 2,359,499.67 3,074,218..44 3,030,464.52 (43,754) -1.4% 2nd Qtr 246,493.55 266,011.41 327,339.55 553,046.67 594,192.83 41,146 7.4% State True Up April 2,475,912.39 1,435,376.89 3,000,536.41 3,497,202.13 3,310,766.38 (186,436) -5.3% May . 2,104,262.85 686,095.70 2,802,716.34 3,078,115.70 2,865,229.47 (212,886). 6.9%. June 1,909,549.64 826,533.26 2,685,427.17 2,692,340.80 3rd Qtr 225,020.83 247,795.83 316,968.00 492,339.08 July 1,890,098.70 1,600,691.45 2,703,748.99 2,574,277.68 August 1,947,982.32 1,695,432.56 2,774,984.53 2,750,520.33 September. 1,691,441.52 1,603,263.06 2,307,297.99 2,341,541.20 4th Qtr 221,767.58 267,675.15 376,474.93 . . 508,701:44 Total 23,583,643.05 19,863,169.20 28,613,898.76 34,358,789.71 22,129,324.41 inc/dec.prior yr 13.4% -15.8% 44.1% 20.1% FY24 Proposed Budget'` 32,000,000 I YTD(Oct-May) FY2023 22,129,324 FY2022 22,999,069 FY23OMB.Estimate 32,353,072 Year-Over-Year (869,745) 23 . . Revenue Estimates °-elkrastriuctuile Salessurtai State Revenue Estimates for Fiscal Year Ending September 30, 2023 Year Amount %Change 1990 $ 6,527,762 Local Government 1%Tax Rate- Default Formula 1991 $ 7,763,175 18.9% Distribution Percentage Estimated Distribution 1992 $ 8,546,742 10.1% MONROE BOCC 60.502190 34,072,179 1993 $ 10,027,642 17.3% 1994 $ 9,953,100 -0.7% Islamorada , 6.284887 3,539,372. 1995 $ 10,746,262 8.0% Key Colony Beach 0.700382 394,424 1996 $ 11,521,699 7.2% 1997 $ 12,009,003 4.2% Key West 23.569208 13,273,144 1998 $ 13,217,392 10.1% Layton 0.186356 104,948 1999 $ 12,996,907 -1.7% Marathon 8.756977 4,931,545 2000 $ 12,387,681 -4.7% 2001 $ 12,719,997 2.7% . Countywide Total 100.000000 56,315,612 2002 $ 12,645,370 -0.6% 2003 $ 12,884,890 1.9% One Cent Infrastructure Sales Surtax History 2004 $ 15,365,641 19.3% 2005 $ 14,875,923 -3.2% $40,000,000 2006 $ 15,201,005 2.2% $35,000,000 2007 $ 15,200,286 0.0% 2008 $ 15,147,593 -0.3% $25,000,000 2009 $ 13,702,434 -9.5% 2010 14,085,030 2.8% $20,000,000 2011 $ 15,374,998 9.2% $15,000,000 2012 $ 16,318,450 6.1% $10,000,000 2013 $ 17,172,359 5.2% III$5;000,000 .......................................................... 2 014 $ 18,653,970 8.6% $_ 2015 $ 20161451 8.1% al rn 0 0 0 0 rn 4_ rn 0 0 0 0 0 0 0 0 0 _._ oo a1 O0 . N m Tr 04D n oo 0a1 O . 0N E O O e-I el a-� ei a-I e-1 ri ei a-1 a�i N N N , 2016 $ 20,817,676 3.3/ ,I ,I ,4 ,I N N N N N N N N•N 0 N N 0 0 0 N 0 0 0 N 0 0 N W 2017 $ 21,510,929 3.3% N 2018 $ 20,805,323 -3.3% N 2019 $ 23,583,643 13.4% 2020 $ 19,863,169 -15.8% One Cent Infrastructure 2023 2024 2025 2026 2027 2028 2021 $ 28,613,899 44,1% Fund 304 Estimate Estimate Estimate Estimate Estimate Estimate 2022 $ 34,358,790 20.1% Beginning Fund Balance 31,983,319 27,708,017 12,660,589 10,705,979 8,340,801 9,956,421 2023 Estm $ 32,353,072 -5.8% Revenue 42,074,866 52,787,845 73,568,400 36,028,200 36,694,056 36,981,340 2024 $ 32,000,000 -1.1% Expense (46,350,168) (67,835,273) (75,523,010) (38,393,378) (35,078,436) (26,610,981) 2025 $ 32,640,000 2.0/ Estimated Ending Fund Balance ' �g0,7Q,01k7. .i,122 660;589. 10,7 l,979 .8,340 801 #Y ,�9,956,4221, ` 20,326,780 Fiscal Year2022 had the highest annual one cent infrastructure surtax revenue collected at$34.3 million. As of 2022,the state is estimating FY2023 2026 $ 33,292,800 2.0% revenue to be$34 million.However,Fiscal Year2023 monthly receipts have consistently fallen short of the previous year's receipts.Therefore,OMB is 2027 $ 33,958,656 • 2.0% estimating$32.3 million in FY23 Sales Tax Revenue.Actual revenue will change the ending fund balance estimate. 2028 : $ 34,637,829 2.0% Z4 • Five-Year CIP - Capital - Summary Project Name FY2024 FY2025 FY2026 FY2027 FY2028, Physical Environment Solid Waste Impact Fees 135,285 Land Acquisition 1,703,798 Total Physical Environment 1,839,083 - - General Government Ocean Reef ILA/Ambulance 361,000 Jefferson Browne/Jackson Square 850,000 1,313,000 1,517,500 2,307,500 1,650,000 Public Defender/Simonton Property 326,688 Rockland Key Facility 1,445,000 1,073,000 HMGP Wind Retrofit 99,223 917,128 917,128 Gato Building Repairs • 139,370 HMGP Generators 137,500 668,750 668,750 Historic Courthouse Envelope Restoration 451,062 Total General Government 3,809,843 3,971,878 - 3,103,378 2,307,500 ' 1,650,000 Culture& Recreation Higgs Beach(Atlantic Street relocation) 100,000 100,000 1,000,000 4,000,000 Rowell's Marina 80,200 Key West Activity Center 1,750,000 Parks& Recreation Impact Fees ' 860,359 Total Culture& Recreation 2,790,559 100,000 1,000,000 4,000,000 . 25 Five- Year CIP - Summary Project Name FY2024 FY2025 'FY2026 FY2027 FY2028 Public Safety KL Hydrants 150,000. 150,000 150,000 MCSO Generator 2,780,000 616,570 Trauma Star Helicopter Replacement 13,306,800 38,193,000 MCSO Cudjoe Substation 50,000 250,000 2,000,000 ' 2,000,000 MCSO Marathon Substation 660,000 1,340,000 Sugarloaf Fire Station 5,908,265. 1,541,218 EMS Impact Fees Project ,. 191,739 Total Public Safety 23,046,804 '42,090,788 , 2,150,000 2,000,000 ' Transportation Key Largo Ill 1,075,354 270,530 Seaview Drive Bridge Replacement ' 1,489,089. Twin Lakes 2,000,000 1,000,000 Harbor Drive Bridge Replacement 5,257,282 .500,000 Sands Subdivision Sea Level Rise GRANT FUNDED 493,370 No Name Key Bridge Repair 506,178 400,000 400,000 4,400,000 4,400,000 Sugarloaf Bridge Replacement 3,480,191 1,160,064 Stillwright Point 450,000 75,405 Toms Harbor Channel Bridge 498,039 Crane Blvd Shared Use Path 1,150,000 Key Deer Blvd North of Watson Road Repair • ' 300,000 300,000 3,447,403 1,800,000 Conch Key Roads SLR 324,257 Key West International Airport Concourse A(F_405) 37,492,840 Roads& Bridges (F_102) 8,864,780. 8,864,780 8,864,780 8,864,780 8,864,780 Roadway Impact Fee Projects(F_130) 720,192 Total Transportation 59,471,381 11,410,715 16,192,374 ' 16,224,844 14,414,780 ' . 26 Five-Years - Summar Project Name FY2024 FY2025 FY2026 FY2027 FY2028 Administrative& Miscellaneous Engineering, Legal,and Admin Costs 2,891,448 2,891,448 2,891,448 2,891,448 2,891,448. Finance Miscellaneous 500,000 500,000 500,000 ' 500,000 500,000. Old 7 Mile Bridge '562,655 562,655 562,655 562,655 562,655 Big Coppitt Key Wastewater(fmr F_310) 51,680 51;680 51,680 51,680 51,680 - Duck Key Wastewater(fmr F_311) 31,000 31,000 31,000 31,000 31,000 Cudjoe Key Wastewater(fmr F_312) 150,000 150,000 150,000 150,000 150,000 Stock Island MSTU (fmr F_171) 10,000 . Long Key MSTU (fmr F_175) 10,000 Duck Key MSTU (fmr F_176) 10,000 Total Administrative& Miscellaneous 4,216,783 4,186,783 4,186,783 4,186,783 4,186,783 Debt Service Debt Service SRF Big Coppitt Wastewater 682,000 682,000 682,000 682,000 682,0.00 Debt Service 2016 Revenue Bond'87609 1,118,674 5,403,042 5,399,739 Debt Service SRF Cudjoe Reg. Wastewater 9,379,482 9,379,482 9,379,482 9,379,482 9,379,482 Trauma Star Helicopters Debt Service 4,507,014 4,504,225 • 4,505,525 4,503,730 4,503,839 Debt Service 2014 Revenue Bond Fund 314 87607 4,283,766 Key Largo ILA 87608 2,125,000' 2,125,000 125,000 125,000 125,000 Clerk ERP Loan 914,982 ' 915,046 Total Debt Service ' ' 23,010,918 23,008,795 20,091,746 14,690,212 14,690,321 Total Capital& Debt Service $ 118,185,371 $ 84,768,959 $ 46,724,281 $ 43,409,339 $ 34,941,884 27 . • ota a ran . . uneCapitalProjects � Project Name Total Project Cost Grant Funded County Funded %Grant Funded Key Largo Ill Road Project 4,490,494 2,787,598 1,702,896 62% Conch Key Roads Adaptation 7,782,135 3,548,576 4,233,559 46% Key Deer Blvd North of Watson 8,847,403 6,148,052 2,699,351 69% Mosquito Creek Bridge Replacement 5,373,402 3,248,865 2,124,537 60% Tubby's Creek Bridge Replacement 5,373,205 3,248,865 2,124,340 60% Tom's Harbor Bridge Repair 1,951,440 1,173,401 778,039 60% Twin Lakes SLR Adaptation Project 12,685,909 9,415,569 3,270,340 74% Emergency Operation Center 37,258,911 37,258,911 - 100% Historic Courthouse Brick Updates 965,650 482,825 482,825 50% HMGP Generators 6,300,000 . 4,800,000. 1,500,000 76% HMGP Windretrofit 9,331,140 7,099,989 2,231,151 76% Rowell's Waterfront Park 5,772,608 4,114,667 1,657,941 71% Total 106,132,297 83,327,318 22,804,979 78.51% 28 • • Summer Studies • . . • Update State's revenue _estimates throughout July • . . • • . (State Estimating Conference August 2023) • - . • • Continue to monitor othercurrent;year revenues .-.. . . . • . • Monitor and update expenditure actuals . • • • • • •Analyze Property Insurance •increases • • • • •• •• • • • • • 29 Key Points : • Countywide Millage Rate, most likely lowest in Florida again, 2.7.191 or $271.91 per $100,000 of value • Aggregate millage rate 3.4049, 5.3% above the FY2023 rate 3.2326 • This budget considers the economic uncertainty, increased operational costs like property and liability insurance, CPI increases on vendor contracts, increased utility, fuel, goods and services costs • Increased demand for expanded programs and public services like a transit program, community centers, affordable housing, library improvements, recreation programs, playground renovations • Continues funding to the Human Services Advisory Board's community based nonprofit organizations. $2,203,225 to 30 not-for-profit agencies for FY2024 ($77k increase - 3.6%) • Capital Projects funded in whole or in large part with non-local funding. Canal projects fully grant funded with legislative appropriations, Stewardship & Restore. 12 notable projects with approximately $106M in total costs, $83M of which is grant funded (78.5%) • U.S. National inflation has trended down over the past 18 months to approximately 5%. However, the South Florida regional inflation rate has remained steady at over 9% per year or 19% over 2 years. 30