Item B1 B1
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE i Mayor Holly Merrill Raschein,District 5
The Florida Keys Mayor Pro Tern James K.Scholl,District 3
Craig Cates,District 1
Michelle Lincoln,District 2
' David Rice,District 4
Budget Meeting Meeting
September 4, 2024
Agenda Item Number: B1
2023-2980
BULK ITEM: DEPARTMENT: Administration
TIME APPROXIMATE: STAFF CONTACT:
AGENDA ITEM WORDING: Acting County Administrator's Budget Discussion.
ITEM BACKGROUND:
PREVIOUS RELEVANT BOCC ACTION:
INSURANCE REQUIRED:
No
CONTRACT/AGREEMENT CHANGES:
STAFF RECOMMENDATION:
DOCUMENTATION:
FINANCIAL IMPACT:
5
CountyAdministrator 's
Fiscal Year 2025
Tentative Budget
Kevin Wilson, Acting County Administrator
Tina Boan, Director Office of Management
& Budget
September 4, 2024
Harvey Government Center
Key West, FL
1
FY2025 Budget Process
• September 4 th — First Public Hearing
Adoption of Tentative Budget and Millage Rate
Key West at 5 :05pm
• September 1 1th — Final Public Hearing
Adoption of Final Budget & and Millage Rate
Key Largo at 5 :05pm
2
Fiscal
2025 Budget Summary
Proposed 'Total
Ad Valorem Taxes Budgeted Ad Valorem $154,171,223 ""'aa 154,171,223 21.5%
Delinquent Taxes Health Department $1,762,675 37,000 0.0%'
Local Option,Use&Fuel Taxes Total Ad Valorem $155,933,898 103,025;000 14.4/6
Licenses,Permits &Impact Fees 9,113,559 1.3%
Intergo .Rev./Grants,P1LT,Shared Taxes 26,085,000 85,E 3.6%
Charges for Services 110,030,601 15.4%
Fines &Forfeitures ' 2,137,500 0.3%
Miscellaneous 3,935,100 0.5%
Interfund Transfers/Excess Fees 52,880,119 7.4%'
Fend Bal Fred/Less % 254,299,083 35.5%'
Total Sources 715,714,11735 1Q0.0% '
1penditure F'Y2025 % of
Proposed Total
B.O.C.C.. Operating 225,779,114 31.5°i"'4
Sheriff 9 ,755,16 13.5%
Clerk of the Courts 10,046,015 1.4%
Property Appraiser 6, 88,369 0.9%
Supervisor of Elections 2,947,589 0.4%
Tax Collector-3.0%of BOCwC& MCSD Tax Lev (F. . 192.091) 10,619,223 1.5%
Judicial, Mate Attorney,Public Defender 4,650,680 0.6%
Capital Projects,including Debt Service 173,119,361 24.2%
Tourist Development Council 116,31 ,397 16.3%
Budget Transfers,Cash Balance &Reserves 8,793,271 9. %
Total Uses 100.0°r'
3
FY2025 Budget Increases
Exnenditure FY2024 Ado ted FY2025 Proposed Change %
BOCC Operating 212,151,594 225,779,114 13,627,520 6.4%
Sheriff 90,691,120 96,755,166 6,064,046 6.7%
Clerk of the Courts 9,059,815 10,046,015 986,200 10.9%
Property Appraiser 6,365,708 6,688,369 322,661 5.1%
Supervisor of Elections 3,177,039 2,947,589 (229,450) -7.2%
Tax Collector- 3.0%of DOCC&MC SD Tax L ev y (F.S, 192.091) 8,575,291 10,619,223 2,043,932 23.8%
Judicial, State Attorney, Public Defender 5,298,139 4,650,680 (647,459) -,12.2%
Capital Projects, including Debt Service 131,224,360 173,119,361 41,895,001 31.9%
Tourist Development Council 125,642,929 116,315,397 (91,327,532) -7.4%
Budgeted Transfers, Cash Balance & Reserves 75,125,309 68,793,271 (6,,332,038) -8.4%
Total Budget $ 66793 1 t,304 $ 715,714,185 $ 481,4029881 7.3%
B.O.C.C.Operating Change Capital Projects,including Debt Service Change
Personnel&operating Costs 5,564,149 Trauma.Star Helicopter Purchase 24,886,400
SAFER Employees-(24)Firefighter FTEs, 2,468,798 Twin Lakes SLR-Road Elev a tion 4,941,057
Solid Waste Collection&DisposalContractuallncreases 2,594,573 Airport Capital Projects Grant Match 7,410,000
Fimployee Services-Group Insurance Claims 3,000,000 Key West Airport Rental Car Facility 2,225,000
$ 13,,627,520 Key West International Airport Concourse A 1,909,160
Constitutional Officers s 41,371,617
Personnel&operating Costs 7,521,268
Law Enforcement Trust Fund-Forfeiture Funds,Revenue 1,018,662
8,539,930
4
FY2025 Ad Valorem ism ution
1,340,168 1% State Attorney, Public Defender 5heriff
2,450,496 2% Judicial Court Administrator 77,943,336 Fund 101
2,947,589 2% Supervisor of Elections 6,1SS,181 Fund 149
6,688,369 4% Property Appraiser 84,098,517
10,617,075 7% Tax Collector
10,046,01S 6% Clerk of Court
983,717 1% State Mandated Substance Abuse Mental Health/Baker Act Services
Public 84,098,517 54% Sheriff Law Enforcement
Safety: 4,941,686 3% Monroe County Detention Centers/DJJ/Extraditions
$110.1M, 320,317 0% Fire Rescue Coordinator,&Fire Marshall
70.6% 936,717 1% Medical Examimer
1,762,675 1% MC Health Department
17,089,453 11% Fire&Ambulance 144,222,794 92% Constitutional Officers/Public Safety
3,439,728 2% Parks&Beaches&Recreation
3,187,725 2% Middle Keys Health Care
2,203,226 1% Human Services Advisory Board
1,903,000 1% Tax Increment Financing District City of Key West (Amount determined after Final Adoption)
977,425 1% Balance of BOCC Operating
155,933,898 100%
5
Save Our Homes - Countywide M i l lage
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 FY24 FY25 Homesteaded
2024 3.40% 3.00% Cap 3.0% Save our Homes
2023 6.50% 3.00% 534,735.83 550,777.90 16,042.07
2022 7.00% 3.00% (50,000.00) (50,000.00)
484,735.83 500,777.90 Taxable Value
2021 1.40% 1.40% Maximum Increase Maximum Increase
2020 2.30% 2.30% 2.7191 2.6929 Per Year Per month
2019 1.90% 1.90% =1,318.05 1,348.54 > <:7370.�5O C2.`54
2018 2.10% 2.10% FY24 FY25 Non-Homesteaded
2017 2.10% 2.10% Cap 10%
2016 0.70% 0.70% 838,992.00 922,891.20 83,899.20
2015 0.80% 0.80% 838,992.00 922,891.20 Taxable Value
2014 1.50% 1.50% Maximum Increase Maximum Increase
2013 1.70% 1.70% 2.7191 2.6929 Per Year Per month
2012 3.00% 3.00% 2,281.30 2,485.25 <203.95 (E0
2011 1.50% 1.50% FY24 FY25 Commercial
2010 2.70% 2.70% Cap10%
2009 0.10% 0.10% 1,376,548.80 1,514,203.68 137,654.88
2.7191 2.6929 Max. Inc. IPer Year Max. Inc. IPern h
3,742.97 4,077.60 C334.�63 F27 89
6
South Florida Ad Valorem Tax Comparison
FY25 Countywide Services — Per $ 100,000 of Value
FY24 Millage Rate: 4.5000
FY24 Tax Levy: $450.00
. (Per $100,000 of Taxable Value)
FY24 Millage Rate: 3.7623 P
Y Tax Levy: 76.23 ; X"
(Per $100,000 of Taxable Value) f f
iii of inrc;i 07�����ltrr
f � w uii pig
FY24 Millage Rate: 5.5492
FY24 Millage Rate: 3.2043 y
fo, - Browa
ax Levy:
} ` x Levy: ., Collier - "r,,,,,,,,,, % (Per $100,000 of Taxable Value)
l o� (Per $100,000 of Taxable Value)
f W
Dade �«
� fir
1%, f I FY24 Millage Rate: 4.5740
I
"'H rFY24 Tax Levy:
FY2024 Millage Rate: 2.7191 1
i�/''� /l
(Per $100,000
100000 of Taxable Value)FY2024 Adopted Tax Levy: $271.91
FY2025 Proposed Millage Rate: 2.6929 T«
FY2025 Proposed Tax Levy: $269.29
(Per $100,000 of Taxable Value) 'yll�tr �� „° �
1 a gym;
FY2025 Millage Reduced 1.0%from prior year
i Source: Florida Department of Revenue: Comparison of Property Taxes Levied 7
Countywide Gross Taxable PropertyValues vs .
/AU Vd I U I I dX L(2Vy
46.2
$41.8
Billions _
$36
$30.0
26.3 $24.9 26.4
$19.6 $21.4
18.5 $19.1 $20.2
141.2 155.9
$118.9
$107.1
$95.3
$90.8
Millions $79.2 $85.3 $85.3
Taxable Value 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
%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% 5.4% 16.5% 13.4% 10.6%
Previous Year
FY 08 iiiiiiiiiiiFY09 IIm FY IO iiiiiFY11 IIIIu FY 12 IIIII FY 13 iiiiiiiiiFY14 ivoI FY 15 iiiiiiiiiiiiFY16 Iluu)FY 17 iiiiiiiiiiiiFY18 FY 19 FY 20 1111111111 FY 21 FY 22 FY 23 FY 24
FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25
Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget
Above/-below roll-back 2,67 2.75 -0.03 -0,33 3.84 5,86 3.14 3.75 5A7 9.98 17.55 8.69
prior year tax levy 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 14,653,446
Im 8
FY2025 Salary
BOCC
3.4°% COLA + 1.6% Merit = 5.0% $2,608,549
BOCC Total $2,8CI8,549
Total Ad Valorem: $10419,679
Total Non Ad Valorem: $1,188,870
Constitutional Officers
Property Appraiser - 5.0% COLA $183,802
Sheriff - 7.0% COLA (Union) & 5.0% COLA (non-Union) $1,940,710
Supervisor of Elections - 2..0% COLA & 3.0% Merit $84,627
Clerk of Courts - 5.0% COLA $385,500
Total $20 594,689
9
General
General Fund Operating _ Fund Balance
FY2023 Audited FY2024 Projected FY2025 Projected
Endiniz Fund Balance Ending; Fund Balance Ending; Fund Balance 6,988,422 1 Month Operating Capital
44,259,515 41,897,331 44,812,861 &ontohof Operating Reserves and
10,00s,000 Hurricane Disaster Reserves
at 09/30/2025
Operating Capital
4 Months 5 Months 6 Months
Proposed FY2025 Operating Budget 8 ,861,060 27,953,687 34,942,108 41,930,530
Hurricane/Disaster Reserve 10,000,000 10,000 000 10,0100,000
Minimum Fund Balance 37,953,687 44,942,108 51,930,530
In FY2023,the General IFund transferred$10,000,000 tot he Marathon Airport IFund (Fund 403)totem porarily fund the construction of the new EOC building.
The construction is complete and the Marathon Airport is awaiting Grant reimbursement.
Once the reimbursement is received,the$10,000,000 will be returned to the General Fund.All funds are expected to be returned by 09/30/2025.
FY2025 Projected ending fund balance assumes the full reimbursement of$10,000,000 used for EOC construction.The cash will likely be utilized to fund other
construction projects while the county waits for grant reimbursement.
10
Fiscal Year 2025
Capital Plan Discussion
Revenue Estimates
State Revenue Estimates for Fiscal Year Ending September 30, 2024
Year Amount %Change 1%,Tax Rate- Default Formula
1990 $ 6,527,762 Local Government -
1991 $ 7,763,175 18,9% Distribution Percentage Estimated Distribution
1992 $ 8,546,742 10.1% MONROE BOCC 60.345618 33,598,584
1993 $ 10,027,642 17.3% Islamorada 6.371477 3,547,442
1994 $ 9,953,100 -01.7% Key Colony Beach 0.707066 393,672
1995 $ 10,746,262 8.0% Key West 23.691520 13,190,709
1996 $ 11,521,699 7.2%
1997 $ 12,009,003 4.2% Layton 0.187499 104,394
1998 $ 13,217,392 10.1% Marathon 8.696820 4,842,122
1999 $ 12,996,907 -13% CountywHe Total 100.000000 55,676,924
2000 $ 12,387,681 -43%
2001 $ 12,719,997 2.7%
2002 $ 12,645,370 -0,6% One Cent Infrastructure Sales Surtax History
2003 $ 12,884,890 1.9%
2004 $ 15,365,641 193% 540,000,000
2005 $ 14,875,923 -3.2% $35,000,000
2006 $ 15,201,005 2.2% $30,000,000
2007 $ 15,200,286 0.0% $25,000,000
2008 $ 15,147,593 -01.3,% $20,000,000
2009 $ 13,702,434 -M% $15,000,000
2010 $ 14,085,030 2.84% $10,000,000 - - - - -
2011 $ 15,374,998 9.2% $5,000,000
2012 $ 16,318,450 6.1%
2013 $ 17,172,359 5.2% W 00 0 N W 00 0 N W 00 0 N E
2014 $ 18,653,970 8.6% N N N N N N N N N N N N LU
2015 $ 20,161,451 8.1%
2016 $ 20,817,676 3.3%
2017 $ 21,510,929 3.3% One Cent Infrastructure 2024 2025 2026 2027 2028 2029
2018 $ 20,805,323 -3.3,% Fund 304 Estimate Estimate Estimate Estimate Estimate Estimate
2019 $ 23,583,643 13.4% Beginning Fund Balance 91,154,846 70,433,283 14,313,283 6,772,199 6,258,579 11,118,842
2020 $ 19,863,169 -15.8% Revenue 39,359,220 35,594,387 34,031,155 34,031,155 34,031,15,5 33,973,996
2021 $ 28,613,899 44.1% Expense (60,080,783) (91,714,387) (41,572,239) (34,544,775) (29,170,892) (27,444,938)
2022 $ 34,358,790 20.1%
2023 $ 32,729,351 -4.7% Fiscal Yeor2022 hod the highest annual one cent infrastructure surtax revenue collected ot$34,3 midioo,Fiscal Yeor2023 saw a year-over-year
2024 Estm $ 31,903,371 -2.5% decline with total revenue for the year reaching$32.7 million,As of January2024,the state is estimating FY2024 revenue to be$33.6 million.
However,Fiscal Year2024 monthly revenue has consistently fallen short of the previous year's receipts.Therefore,OMB is estimating that this trend
2025 Estm $ 31,500,000 -1,3%1 will continue and that revenue for FY2024 will be approximately$31.9 million.Actual revenue will change the ending fund balance estimate. 12
P!JoectName FY2025 l FY2027 FY2028 FY229
Solid Waste Impact Fee Projects(F_133) 137,615
Land Acquisition 1,094,346
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 31,0()0 32,000
Cudjoe Key WastewAte r(fmr F_312) ISO," 150,000 150,000 250,000 150,000
Boca Chico Shore Side Facility 100,000
Ocean Reef ILA/Ambulance 361,700 4'97,100
Public Defender/Simonton Property 158,401
Jefferson Browne/Jackson Square 3,072,702 2,700,000 2,200,000
SOL Bayshore Manor Renovation 7,650
Gato Building Repairs 902,620
HMGP Wind Retrofit 418,652 1,551,136
HMGP Generators 212,500 1,795,163
Higgs Beach(Atlantic Street relocation) 220,000
Rowell's Marina 100,000
Bernstein Park Renovations 520,050
Parks&Recreation Impact Fee Projects(F_131) 647,270
Key Largo Hydrants 150,00D 150,000
Fire&Ambulance Replacement 1,304,785
MCSO Generator Building 1,625,365 2,094,910 500,000
TraUnna Star Helicopter Replacement 38,193,200
MCSO Detention Center Spalling Repair 310,000
Sugarloaf Fire Station 6,479,010
EMS Impact fee Projects(F_135) 184,4W
Key Largo 111 242,855
Seaview Drive Bridge Replacement 1,100,000
Twin Lakes 6,941,057 3,383,339
Harbor Drive Bridge Replacement 1,040,976
No Name Key Bridge Repair 403,340 400,000 4,400,000 2,963,950
Sugarloaf Bridge Replacement 3,480,191 1,160,064
Stillwright Point 1,210,014
FlaglerAve SLR(match fordesign) 625,000 574,964
Toms Harbor Channel Bridge 943,434
Crane Blvd Shared Use Path 1,150,000 914,247
Key Deer Blvd North of Watson Road Repair 400,000 437,539 1,774,351
Conch Key Roads Si 200,000 3,474,250 5,419,776
Ocean Bay Drive Embankment Repair 220,000 1,30D00o
Key West International Airport Concourse A(F_405) 39,402,EJW
Key West Airport Capital Projects Grant Match(F_4ezi) 11,000tow
Key West Airport Rental Car Facility(F_404) 2,225,0w
Marathon Airport Capital Project,Grant Match(F-403) 1,900,000
Key West Airport PFC Funded Grant Match(F_406) 5,185,077
Roads&Bridges(F_102) 9,674,640 8,142,772 8,142,772 8,142,772 8,142,772
Roadway Impact Fee Projects(F_130), 598,515
Card lSound Road Bridge Replacement(F-401) 1,447,800
TUbby'e,Creek Bridge(F_401) 2,963,517
Mosquito Creek Bridge(t`_401) 2,507,065
Southdiff Estates 2,303,000 1,750,000 1,7560()0 1,750,000 2,350,00()
Engineering,Legal,and Admin Costs 3,481,852 3,383,432 3,383,432 3,383,432 3,383,432
Finance Miscellaneous 675,785 416,486 416,486 416,486 416,486
City of Marathon-Sparky's
Old 7Mile Bridge 562,655 562,655 562,655 562,655 562,655
Debt Service.SRF Big Coppitt Wastewater 682,000 682,000 682,000 682,000 682,000
Debt Service SRF Cucjoe Reg.Wastewater 9,379,482 9,379,482 9,379,482 9,379,482 9,379,482
Debt Service.2016Revenue Bond 87609 5,403,042 5,39,9,739
Trauma'Star Helicopters Debt Service 4,504,225 4,505,525 4,503,730 4,503,839 4,505,688
Key Largo ILA 87608 2,125,000 125,000 125,000 125,000
Clerk ERP Loan 915,046
Total]Capittal]&Debt Servilce 17111%361 $ 51,924,60 43,302,2" 37,428,3" $ 35w702,392 13
Grant Funded Capital
Project INarme Project Cost grant Funded County Funded %Grant Funded
HMGP Wind Retrofit 12,046,085 8,522,768 3,523,317 7'1%
HMGP Generators 9,126,655 6,953,642 2,173,013 76%
Rowell's Waterfront Park 5,826,134 3,037,775 2,788,359 52%
Key Largo III Roadway& Drainage 2,857,584 1,837,623 1,019,961 64%
Twain Lakes Flood Mitigation 23,854,490 12,688,676 11,165,814 53%
Stillwright Point SLR Design&Permitting 1,550,809 775,404 775,405 50%
Flagler Ave Stormwater Resilience Design & Permitting 4,999,855 3,749,891 1,249,964 75%
Toms Harbor Channel Bridge Repair 2,703,753 1,173,401 1,530,352 43%
Crane Blvd Shared Use Path 2,549,620 1,485,373 1,064,247 58%
Key Deer Blvd North of Watson Road Repair 9,059,942 6,148,052 2,911,890 68%
Conch Key Roads SLR 12,710,851 3,566,825 9,144,026 28%
Card Sound Road Bridge PDE 3,310,800 1,863,000 1,447,800 56%
Tuhhy's Creek Bridge Replacement 6,466,907 3,348,865 3,118,042 52%
Mosquito Creek Bridge Replacement 6,081,018 3,319,230 2,761,788 55%
Winston Waterways Road Elevation &Stormwater Planning& Design 2,795,376 2,795,376 - 100%
Big Coppitt Road Elevation &Stormwater Project Planning& Design 4,495,020 4,495,020 - 100%
Total $ 110,434,899 $ 65,760,921 $ 44,673,978 60
14
Notable Funded Other
Projeects/ Programs
• The new state of the art Emergency Operation Center, costing $37.5M,was funded with entirely with state funds, legislative
appropriations and federal funds.
• Key West Airport Concourse A and Terminal Improvements program. Concourse A is funded with grants from the Federal
Aviation Administration, the Florida Department of Transportation, passenger facility charges, and federal
infrastructure money. The overall airport-wide program comes at a cost of$118M and includes major work on existing
facilities, aircraft parking areas, and taxiways.
• Monroe County's Road Resilience Elevation Plan: The County is embarking on a slate of resilient road infrastructure
projects, despite the challenges posed by their high costs, thanks to the effort of staff to secure approximately $250M in state
and federal grant funds (includes HMGP and RF.) The County now has seven community road elevation projects entirely
or partially funded, and we just commenced construction of the County's first road elevation "pilot" project, for the Twin Lakes
community.
• A$1.6M state funds secured for the design and engineering of the Boca Chica Mooring Field shore side facility. Monroe
County Marine Resources staff, in collaboration with the consulting firm Geosyntec, completed all environmental surveys,
engineering, and design work, and applied for environmental permits for the Man of War Harbor Mooring Field, which will
include 100 moorings.
• $20M in state Stewardship funds and $12M in Restore Act grant funds secured for canal restoration projects.
• $15M in state funding for new Artificial Reef Program: this new program is a partnership between the County and FWC to
develop a framework to plan, construct, monitor, and maintain artificial reef structures in the Florida Keys. The benefits of
these reefs are for the ultimate good of the State of Florida, its resources, wildlife, and public welfare.
• $11M in state funding for new marine fire/emergency vessels to provide emergency services throughout the Keys waters.
SummaryUpdateStu ies
Bond Issuance
• Principal Amount ( Not to Exceed ) : $45,000,000
• Preliminary List of Capital Projects :
• Sugarloaf Fire Station - $11M
• MCSO Generator Building - $5M
• Twin Lakes Road Elevation - $11M
• Sands Subdivision Road Elevation - $4M
• Sugarloaf Blvd Bridge Replacement - $9M
• Rockland Fleet Repair Shop & Fuel Point - $5M
• Debt service funded by One Cent Infrastructure Sales Surtax
(Not funded with Property Tax)
*In November 2022 by voter referendum, the 1% sales surtax was extended by
15 years from December 2033 until December 2048 16
Key Points :
• Lowered FY25 Countywide millage rate 2.6929, 1.0% below the FY24 rate
2.7191 likely to be the lowest in Florida again, $269.29 per $100,000 of value
• Lowered FY25 Aggregate millage rate 3.3779, 0.8% below the FY24 rate
3.4049
• This budget absorbs unavoidable increased operational costs like CPI
increases on vendor contracts, higher costs for utilities, fuel, goods and
services.
• Additional public safety investments.
— Purchase of (3) Trauma Star Air Ambulance Helicopters
— New Emergency Operations Center
— Expanded Fire Rescue and Emergency Medical Care Services (24 Firefighters)
— Sugarloaf Fire Station
— Replacement Firetruck, Ambulance and the addition of 2 new Fire Rescue Boats.
• Many Capital Projects funded in whole or in large part with non-local funding.
— Canal projects fully grant funded with legislative appropriations, Stewardship and Restore.
— Road elevation projects funded with $50M in Resilience FL. grants, $180M in Hazard
Mitigation Grant Program funding, CDBG funding and congressional appropriation
— Bridge replacement projects funded with FDOT, Small County Outreach Program, and
Transportation Alternatives Program grants
17