07-18-2016 - Budget Workshop City of Edgewater 104 N.Riverside Drive
g Edgewater,FL 32132
aya
WGEWATER_ir Meeting Minutes
City Council
Michael Ignasiak,Mayor
Christine Power,District I
Gigi Bennington,District 2
Dan Blazi,District 3
Gary T.Conroy,District 4
Monday,July 18,2016 4:00 PM Council Chambers
Budget Workshop
1. CALL TO ORDER and ROLL CALL
Present: 5- Mayor Mice Ignasiak,Councilwoman Christine Power,Councilwoman Gigi Bennington,
Councilman Dan Blazi,and Councilman Gary Conroy
Also Present: 2- City Manager Tracey Barlow,and City Clerk/Paralegal Robin Matusick
2. CITIZEN COMMENTS
None at this time.
3. PRESENTATION -Budget
City Manager Barlow introduced Assistant City Manager/Finance DirectorJohn McKinney and
Deputy Finance Director Bridgette King who will be giving the Proposed 2017 Budget presentation.
Mr. McKinney gave a presentation, providing an overall review of the FY 2016- 2017 Budget,
stating the proposed budget presented to Council is $47,934,607; Capital Outlay budget of
$1,384,825; Capital Improvement project request of $9,233,709; including three new position
requests, Human Resources Department, the City Clerk's Department and Fleet Division under
Environmental Services, those three positions have an annual start up cost of $128,715; proposed
3% raise for all employees and the final year of the STEP plan for all Directors and Deputy
Directors, for a total of $178,072; a 17.5% increase in the City's fully insured health Insurance
benefits, $365,100; worker's compensation is at a 38% increase, $105,496; total city debt is
$21,548,147; staff recommended millage rate of $6.70 per $1,000 of taxable assessed value; the
budget is balanced at that millage rate; Public Resources Management Group (PRMG) recommends
the five year plan approved by Resolution No. 2015-R-25 which includes proposed Water and Sewer
increase of 6.0%, Refuse rates increase of 9.0% and Stormwater at 0%; and PRMG will present an
Annual update at the August 1st, 2016 Council meeting.
During Mr. McKinney's presentation the Council and staff discussed the various items under the
General Fund Budget categories of
*Mayor& Council
*General Administration
*Community Public Safety
City of Edgewater Page 1 Printed on 11/17/2016
City Council Meeting Minutes July 18, 2016
*Public Works
*Parks and Recreation
Mr. McKinney also stated: Property Tax Appraiser proposed preliminary number of 7.5% in taxable
value, which includes new construction and annexation this year, the roll-back rate is 6.3113, the
Proposed Millage Rate is 6.7, a tax increase of 6.16%; tax roll net change; Edgewater's taxable
value has decreased 37% since 2008; 6.70 mil rate and the effect on prospective businesses and
keeping Edgewater competitive and attractive; 2017 Property Tax; general fund expenditures, salary
and benefits total increase;and general fund key revenue drivers.
Also discussed: the general fund expenditures, and expense drivers, such as: new vehicles for the
police; Light towers (2 from general fund and 2 from enterprise funds); designated General Fund
reserve is set at 15.5%; Special Revenue; the Millage Rate is recommended per debt service
requirements to be set for the Series 2005 Animal Shelter ($0.509) and the Series 2017 Go for Parks
($.20);
* General Construction Expenditures including Park & Building Improvements: YMCA ADA
Restroom addition, Police Department, Whistlestop Park Renovations, Kennedy Seawall, Trail
Extension; Transportation, Irrigation and Landscape, 30th Street Sidewalks, Flagler Ave Sidewalks;
Road resurfacing for the following streets, East Park Avenue, Hamilton Road, Boston Road, Hibiscus
Drive and India Palm Drive;Enterprise Revenues; Enterprise Expenditures.
* Refuse Fund Revenue: PRMG recommends a 9% increase which is $1.97 per month for a total of
$23.94 per, month, Recycling Rate increase; Debt Service for Refuse Department.: Clam truck,
Garbage truck Refuse Trailer; Stormwater expenditures include a Skid Steer, Backhoe, Light Tower,
and a Service Truck with Utility Bed.
* Internal Services Fund: P25 Radio Upgrade plus additional radios; Fleet requested for a Large
Truck Scanner, and Large Truck Lift System; proposed increase of 2.9% or $9,795 for Loss Fund,
proposed increase of 17.5% for Employee Health Insurance and proposed increase of 37.9% for
worker's compensation; Insurance trends; and analyzing other options for Employee Health
Insurance during the next 6-9 months for Council to review.
During the presentation Council and staff discussed: capital outlay projects in the General, Internal
Service, and Enterprise funds; under construction projects they discussed Building, Parks and
Streets; Worker's Compensation increases and possible ways to bring costs down including safety
meetings; Health Insurance coverage and finding new coverage.
In conclusion, Mr. McKinney stated: the Proposed Budget as presented is $47,934,607; City Wide
Debt of $21,548,147; PRMG will present a workshop on the S year rate study on August 1st at 5:00
p.m.; the 1st Public Hearing for Proposed Millage Rates will be September 6 at 6:00 pm; and the 2nd
Public Hearing will be September 19th at 6:00 pm.
4. CITIZEN COMMENTS
None at this time.
City of Edgewater Page 2 Printed on 11/17!2016
City Council Meeting Minutes July 18,2016
5. ADJOURN
There being no further business to discuss, Mayor Ignasiak adjourned the meeting at 5:31 pm.
Minutes submitted by:
Tonya Vanek, Record's Clerk
ATTEST: APPROVED:
/9k,611P,2 AS'
Robin Matusick, City Clerk/Paralegal Mike Ignasiak, May r
City of Edgewater Page 3 Printed on 11.?'.%2016
PROPOSED FY 2016 - 2017 BUDGET
..JENUES AND EXPENSES FY 2016 -2017 REVENUE EXPENSES VARIANCE PAGE
001 -GENERAL FUND $ 15,030,015 $ 15,030,015 $ - 8
113 - LAW ENFORCEMENT BLOCK $ 2.750 $ 2,750 $ - 95
114 -GRANTS FUND $ 257.000 S 257,000 $ - 98
115 -SPECIAL LAW ENFORCEMENT TRUST FUND $ 24.000 S 24.000 $ - 101
116 -TRANSPORTATION IMPACT FEE $ 105.200 $ 105.200 $ - 104
117 - POLICE IMPACT FEE FUND $ 72.504 S 72.504 $ - 107
118- FIRE IMPACT FEE FUND $ 85,015 $ 85,015 $ - 110
119 - RECREATION IMPACT FEE $ 125,146 $ 125,146 $ - 113
120-SCHOLARSHIP FUND $ 5,000 $ 5.000 $ - 116
125 -EDGEWATER CRA $ 51,242 $ 51.242 $ - 119
205-I & S DEBT SERVICE FUND $ 179,217 $ 179.217 $ - 122
331 -CAPITAL PROJECTS FUND 5 6,409,745 $ 6,409,745 $ - 125
440-WATER& SEWER S 10,392,770 $ 10,392,770 $ - 129
442-WATER DEVELOPMENT S 315,500 $ 315,500 $ - 163
443-SEWER DEVELOPMENT S 426,500 $ 426,500 $ - 166
-RENEWAL& REPLACEMENT S 2,823,964 $ 2,823,964 $ - 169
4T5-WATER&SEWER RATE STABILIZATION S 1,144,914 $ 1,144,914 $ - 172
447-REFUSE S 3,515,788 $ 3,515,788 $ - 175
448-STORMWATER OPERATING S 1,637,271 $ 1,637,271 $ - 184
450-PUBLIC WORKS COMPLEX S 126,179 $ 126,179 $ - 194
501 -MIS 5 666,115 $ 666,115 $ - 197
502-FLEET 5 948,001 $ 948,001 $ - 204
503-LOSS FUND S 336,322 $ 336,322 $ - 212
504-FULLY INSURED INSURANCE S 2,870,887 $ 2,870,887 $ - 216
505-WORKERS COMPENSATION S 383,562 $ 383,562 $ - 220
TOTAL ALL FUNDS S 47,934,607 $ 47,934,607 $ -
CAPITAL OUTLAY 223
CIP 224
kid . --- .- ... :.'4':'?z -:.,.,,,,Izi- -.:
47;1;.‘n- J. ` yr ,o�
— _ z_ _
City of
tw G E EIR
Inc. 1951
Budget Workshop
July 18, 2016
•
410
FY2017
Budget Overview
• Overall Budget
City Wide Total Budget $47,934,607
Capital Outlay of $1,384,825
Capital Improvement Projects Requested of$9,233,709
o Three new positions requested
• Human Resources Clerk
• City Clerk Records Clerk
• Fleet Mechanic
• Annual increase of$128.715
• Salaries & Benefits
Proposed 3% Raise for all employees & Final Year of Step Plan for Directors and
Deputy Directors - $178,072
Fully Insured Health Insurance increased 17.5% or $365,100
c Workers Compensation increased 37.9% or$105,496
• City Wide Debt
, Outstanding of $21,548,147
1141110 c Governmental Funds
• $1,569,273
• Enterprise Funds
• $19,978,874
• •2
FY2017
Budget Overview
• General Fund
• Staff Recommended millage is $6.70
• Enterprise Funds
o Annually increases are based PRMGs recommendations approved by
Resolution No. 2015-R-25
• Water Rates -6.0%
• Sewer Rates- 6.0%
• Refuse Rates-9.0%
• Stormwater-0.0%
• Annual update being presented by PRMG at the August 1 Council
meeting
o Recycling
• Currently $2.65
• RFP 16-ES-011 is currently out for evaluation
• Expected increase between $0.61 and $1.23
• •3
Citywide Budget
$60,000,000
$50,000,000
540.000,000 -
1
$30,000,000 I I 11
-- - ■City Wide Budget
MI City Debt
::':': iiiiiu
2
, . -
1
2017 2016 2015 2014 2013 2012 2011 2O10 2009 2008 2007 2006 2005 411100
• •4
Y
kid Emp to ees Count
250 _
200
150
■Internal
■Enterprise
100 ■General
50
0
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
• •5
Employee Budget
$16,000,000 —
$14,000,000
$12,000,000
uuuuIIII-1
$10,000,000 1 1 1 1 1 1 1 1 1 •Internal
$8,000,000
111111 I
, 111 ■Enterp■Genera
luuIIIluI
$4.000,000 I
$2,000,000
SO
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
L
• •6
Y
Em to ee Insurance .....i
$3,500,000$3,500,000p
$3,000,000
z
$ .500,000 ,
$2,000,000 ■
■ ■505 Workers Compensation
$1,500,000 ■504 Fully Insured
111 7 •
$1,000,000
S. $
$500,000
■ •
5-
2017 2016 2315 2014 2013
• •7
General Fund
......„
3
(ho TRIM Notice
Proposed Property Taxes
F.S. 200.065 (2)
First Public Hearing September 6, 2016
Second Public Hearing September 19, 2016
Both at 6 p.m.
• •9
General Fund
• Mayor & Council
• General Administration
t, Morager
• Econom c Development
• Special Everts
City Clerk
Finance
• Customer Service
• General Accounting
• Purchos rg
Legal
'ersornel
• Community Development
arming
i3,,ilding
• Public Safety
Police
Fire
Code Enforcement
Animcl Contra
• Public Works
• Leisure and Recreation
Admin
. Operations
Grounc Maintenance
• •10
General Fund Revenues
Unassigned
Debt Proceeds PILOTJPILOFF 2%
0% Cost Allocation 'O
Licenses&Permits 8%
2%
Taxes
Miscellaneous'
1%
Fines&Forfeitures
2%
Intergovernmental
1%
Charges For Services
4%
Sales and Use
41%
• •11
General Fund Analysis
•Taxable Value
■Tax Levy
■Total Budget
16,000,000 "'Fund Balance
$15,030,015
IN Cost Allocation
$14,356,423
14,000,000 — $13685,05.13458;409 — $13,934,557�PILOT/PILOFF
513,275,382
$12,207,802$11,956,023$12,197,558$12,544,666
12,000,000 �-----._�– $11,906,023
10,000,000 - - --- -_ _
8,000,000 — — ——
Ti,777 03 $6 9•68
6,000,000 — -._
$4 49
$4 G91 $4 4►82 $3 346 S3• /11 $4 'i89
4,000,000 —__ ....
2,000,000
14,.)
2017-6.70 2016-6.70 2015-6.70 2014-6.876 2013-6.50 2012-6.47 2011-6.59 2010-6.36 2009-5.90 2008-5.20
• •12
Roll Back Vs Final Millage
oho
9.0000%
8.0000%
7.0000% — III II
6.0000% IIIIIIIIMTl
50000% 1111111111
I ■Rolled Back Rate
4.0000% ■Firal Millage30000% 11111111111
2.0000% _ 1 1 1 1 1 1 1 1 1 1 1
1.0000%
lull ' ' ' ' ' '
0.0000% IIl1 ' 1111 '
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
• •13
1
Tax Roll "Net Change"
15.00
9.75
10.00
7.53 7.33
6.12
5.00 3.86
I ..80■
2017 2016 2015 2014 20132008
(5.00)
(10.00) —
(15.00)
-16.22 -16.19
-15.8' 1611111' -17.92
(20.00) _ -- — — -__
• •14
Taxable Value
$1.19 b
$982 m
$752 m $822 m
WIFirn
$651 m $685 m ■ ■ •Taxable Value
$613 m $583 m ■Ad Valorem
IIIII ■ ■ 1 1
11 1 1 11
1
ulIuuilul
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
• •15
2016 Taxable Value By Property Class
Industrial 6%,13%1
Commercial 11%,(7%)
Centrally Assessed 1%
Vacant S% 11111114111111
Tangible Personal PropertyJ
7%,(4%)
Residential 70%
(x.x) Indicates 2006 Historical Comparison
• f16
Median Sale Priced Home
46,00
School Board Volusia Edgewater Other
$749.23 County Taxes
$599.89 $544.82 iige $267.75
35.15% 26.73% 25.56%
12.56%
EMI
2016 TOTAL TAX BILL
$2.131.70
2015 - $2,025.02
$106.68
Edgewater Difference $40.60
This graphic displays what a homeowner pays in ad valorem taxes on a median sales price purchased
property in the City of Edgewater with a taxable value of$132 506 less a$50.000 Homestead Exemption• . •17
Historical Property Tax
mmomiDowND
_ _
2017 TOTAL TAX BILL
$647.43
2004 - $877.91
Total Difference ($230.48)
• Average Florida Shores Property X18
Use of Fund Balance
7,000,000 r_____.___.-
$6,219,068
6,000,000 — — 16q791-544
O Reserves
$5,230,103
■Ad Valorem Proceeds
5,000,000
$4,450,691 $4,515A89
$4,034,149 $4,024,382
4,000,000 — $3.71p741---
$3,632,246
3,000,000
2,000,000 -----
1,472, 1,341,
•
1,000,0007"
467,
250,0 0 295, 182,
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
• •19
General Fund
• Revenues (Inc/Dec)
o Taxes $335,086
o Franchise/Utility Tax $89,076
o Fines & Forfeitures ($10,620)
o Inter-govermental Revenue $106,942
o Transport Pilot ($75,000)
o Cost Allocation $54,164
o PILOFF $63,304
o Misc Revenues ($127,681)
• •20
General Fund Expenditures
City Council City Clerk
1% 2% Finance
5% Community Development
Non-Departmental-- 4%
18% Personnel
2%
City Manager
2%
Grounds Maintenance
3%
eisure vices
9%%
Police
24%
Streets
—
Animal Control 3=
1%
Code
1%
Special Events
0%
Fire Economic Development
24% City Attorney 1%
1%
• •21
4600
General Fund
• Expenditures
c Salary and Benefits
• Increased $346,092
o Includes 2 new requested positions & FY2016 mid year approved
positions
O 3% Budgeted Salary Increase
o Director and Deputy Director 3RD year of 3 year plan
o Estimated 17.5% Increase Overall on our Group Health Insurance
c Pension Contribution by% of Payroll
• General Employee 28.5% ($98,358)
• Police 39.4% ($578,335)
• Fire 17.6% ($312,533)
General Employee Pension Plan
• Closed Plan
• Additional Contribution $574,702
o Economic Development Board
• Team Volusia $25,000
• Promotional $1 1,125
• •22
General Fund
• Expenditures
c Capital Outlay
• Light Tower (2) $17,270
• Utility Vehicle $12,000
• Fertilizer Sprayer $12,373
• Zero Turn Mower $23,327
• 60" Mower $12,191
• K9 with Equipment and Training $16,223
• A/C replacement at Station 57 $16,000
• Police K9 SUV (Additional) $56,081
• Police SUV's (4) $192,931
• Police CID Vehicle $25,000
• Police Sedan Interceptors (2) $91,655
• Utility Bed Service Truck $31,841
o Total Additional Debt Service Budgeted $397,508
• •23
(14
General Fund
• Reserves Estimated at 9/30/16
o Charter
• Charter Reserves $2,334,572 15.50%with (17% Goal)
o Designated
• City Hall $730,323
• Undesignated $467,783
• October 1 , 2016
o Increase City Hall $100,000
• •24
•
4.0
Special Revenue Funds
• •25
Special Revenue
Donations$5,000
Prior Year Appropriations Grants 5259,750
$243,260
CRA$41,547
Impact Fees$178,300
• •26
Special Revenue .�
• Justice Assistance Grant (1 13)
o Total Available $5,000
• Grant Fund (1 14)
o Department of Environmental Protection Grant
• Co-op
o Edgewater
O New Smyrna
o Oak Hill
• Three Year Grant for Phase I Site Review and Assessment
• $45.000 for FY 17
o SAFER Grant-$18,000
o RCMP Grant-$194,000
• Special Law Enforcement Trust (1 15)
Total Available $24 000
• Transportation Impact Fees (1 1 7)
c Road and Sidewalk Impact Fees
c Total Available $105.200
• Police Impact Fees (1 17)
• Capitol Outlay and Capitol Improvements
▪ Total Available $72.504
• •27
Special Revenue
• Fire Impact Fees ( 1 18)
o Capital Outlay and Capital Improvements
o Total Available $85;015
• Recreation Impact Fees ( 1 19)
o Capital Outlay and Capital Improvements
o Total Available $125,146
• Scholarship Fund ( 120)
o Scholarships for Edgewater children
o Total Available $5,000
• Edgewater CRA( 125)
o Community Redevelopment Association
o Total Available $51 ,242
(;)
• •28
kid
Debt Service
• •29
Debt Service
• Series 2005 Animal Shelter (205)
General Obligation Debt
• Voter Approved
• Tax Supported thru 2026
o Debt Service Requirement
• Millage of $0.0509
• Debt Service
Principal $25,000
Interest$11,358
• Series 2017 Parks (205)
o General Obligation Debt
• Voter Approved
• 20 year term
o Debt Service Requirement
• Millage of $0.0509
• Debt Service
4100 0 Interest $142,859
• •30
General Construction
• •31
General Construction
CDBG, $177,732
Transfers n, $635,355 LOGT 5th Cent Tax,
$209,645
Local Grant, $917,153
FDOT, $1,069,8
Whistle Stop Debt
Service, $3,400,000
• 40 32
General Construction
• Expenditures (331 )
o Park & Building Improvements
• $97,399 YMCA ADA Restroom Addition
• $50,000 Police Department Improvements
• $3,400,000 Whistlestop Park Renovations
• $300,000 for Kennedy Seawall Improvements
• $100,000 for Menard May Park Shoreline Improvements
• $917,153 Trail Extension (Yet to be Determined who is constructing)
o Transportation Improvements
• $500,000 US 1/ Ridgewood Corridor for Irrigation & Landscape
• $80,333 30'" Street Sidewalks (Portion to be reallocated to YMCA)
• $500,000 Road Resurfacing
• $45,000 East Park Ave Improvements
• $419,860 Flagler Ave Sidewalks
• •33
�r
General Construction
• Expenditures (331 )
o Road Resurfacing
o Park Ave
o Hamilton Road
o Boston Road
o Hibiscus Drive
o India Palm Drive
• '34
.....„
Enterprise Funds
• *35
.......,
Enterprise Revenues
Prior Year Appropriations, Miscellaneous, $181,882
$1,936,344 i 1
Transfer In, $2,217,143
Debt Proceeds, $1,543,221
Development Fees, $157,000
Charges for Service,
$14,347,296
s *36
Enterprise Expenditures
Stormwater, 51,637,271
Refuse, 53,515,788 •
•
Water&Sewer,
$10,392,770
Public Works Complex,
5126,179
W&S Sinking Fund,
$1,144,914
W&S R&R, 52,823,964
Sewer Development,
$426,500 LWater Development,
$315,500
• •37
Water & Sewer
• Revenues (440)
c Breakdown
• Charges for Service Increased $219,294
• Use of Prior Year Revenues $504,000
• •38
Water & Sewer
• Expenditures
o Operating Expenditures (Drivers)
• Salaries & Benefits $53,631
• Cost Allocation and PILOFF $74,244
• Internal Service Charges driven by Fleet and Fuel ($2,332)
• General Employee Pension Cost $223,547
o Capital Outlay
• Light Tower $8,365
• Submersible Pumps $40,000
• Tank Painting $10,000
• Water Tower Fencing $5,000
• 1/2 Ton Pickup $26,000
• Total Debt Service- $18,713,402
• SRF WWTP 2012
• SunTrust JCI 2013
• BB&T Capital Improvement Note 2014
• Utility System Refunding Note 2016
• •39
Water & Sewer R&R
• Development Fees
o Water (442) $315,500
o Sewer (443) $426.500
• Renewal & Replacement (444)
o Capital Projects to maintain
• Plant Infrastructure
• Water & Sewer underground infrastructure
• Page 171 of Budget Document
• Water & Sewer Rate Stabilization (445)
o Revenues Available per Rate Consultant
o Total Available $1,144,914
0
• •40
(600 Refuse
• Revenues (447)
o Rate Increase
• PRMG Recommendation
o Increase rates by 9.0% ( Of $1 .97 to $23.94 per month)
• Recycling Rate increased
o Currently $2.65
o RFP 16-ES-011 is currently out for evaluation
o Expected increase between $0.61 and $1 .23 per month
o Breakdown
• Charges for Service increased $280,650
• Proceeds from Debt issuance $309,771
• Use of Prior Year Revenues of ($20,343)
• •41
tblis
Refuse
• Expenditures (447)
o Operating Expenditures
• Salaries & Benefits $43,634
• Cost Allocation and PILOFF $30,800
• Contract Services $35,000
• Internal Service Charges $14,223
• General Employee Pension Cost $71,910
o Capital Outlay
• Clam Truck $158,950
• Garbage Truck $150,821
• Refuse Trailer $83,426
o Total Debt Service - $0.00
• Future Debt Issuance for Public Works Complex
4.110/ • Vehicle Purchases of $309,771
• •42
Stormwater 'garle
• Revenues (448)
o Rate Increase
• PRMG Recommendation
o Increase rates by 0%for FY2017
• Future need to have Rate Consultant Review Future Rates
o Public Works Complex Year 5
o Breakdown
• Charges for Service increased $8,562
• Use of Prior Year Revenues of $66,430
• •43
Stormwater
• Expenditures (448)
• Operating Expenditures
• Salaries & Benefits ($17,102)
• Cost Allocation and PILOFF $11,249
• Internal Service Charges $10,170
• General Employee Pension Cost $17,111
o Capital Outlay
• Skid Steer $93,654
• Backhoe $100,450
• Light Tower $8,635
• Service Truck with Utility Bed $37,362
o Total Debt Service - $696,092
• BB&T Capital Improvement Note 2014
• Menzi Tractor Capital Lease
• Future Debt Issuance for Public Works Complex •
• •44
•
4111110 Public Works Complex
• Future Complex for (450)
Sold 16 Acres in FY2016 to Northwest Lineman College for $380,231
o Facility for
• Water & Sewer Administration
• Streets
• Fleet Services
• Refuse
• Field Operations
• Waste Water Collections
Design Phase
• FY2020 orFY2021
• Debt Service
o Annual Debt Service Requirement $125.417
Outstanding Debt Service of $485,000
o Calling Outstanding debt October 1, 2016
Design and Construction Debt Issuance in FY2020
• •45
410
Internal Services
40
• 46
Internal Services .�
Workers Compensation_- -
$383,562 Information Technology
$666,115
Fleet Services$948,C01
Fully Insured Health
52,870,887
Loss Fund$336,322
• •47
Internal Services
• Information Technology (501 )
o P25 Radio Upgrade $1 18,000
o Additional Radios $18,000
o Outstanding Debt Service $84,380
• Fleet (502)
o Large truck scanner $9,000
o Large truck lift system $20,000
• Loss Fund (503)
o Proposed Increase of 2.9%or$9,795
• Fully Insured Health Insurance (504)
o Proposed Increase of 17.50% or $365,100
• Workers Compensation (505)
o Proposed Increase of 37.9%or $105,496
• •48
Insurance Trends
$3,500,000
$3,000,000 - -
$2.500.000 ■ _- -
$2,000,000 -
a 505 Workers Compensation
$1,500,000 ■ ■ ■ - ■504 Folly insured
51,000,000
5500,000 ■ ■ ■
$-
2017 2016 2015 2014 2013
• •49
Conclusion
�5
Summary
o Proposed Budget
• City Wide Budget balanced at $47,934,607
• City Wide Debt
o Governmental Funds
• $1,569,273
o Enterprise Funds
• $19,978,874
o Total debt of$21,548.147
• Implementation of PRMG's recommended 2nd year of 5 year rate increase
a Updated PRMG 5 Year Plan-August 1 5 p.m.workshop
Goal of this workshop is to consider the following staff recommendations
• Maximum Millage to be set (TRIM)
o $6.70 Millage Operating on Taxable Value of$751,889,548
o $0.0509 Millage on Voter Debt Service-Animal Shelter
D $0.20 Millage on Voter Debt Service-GO for Parks
D Budget Workshops and Public Hearing Date
• 1St Public Hearing September 6"" at 6 p.m.
• 2nd Public Hearing September 19th at 6 p.m.
• •51
QUESONS
? ?
• •
4 iou
•52