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MAYOR’S FISCAL YEAR 2015 BUDGET SUMMIT #3 JUNE 18, 2014 WILLIS S. JOHNS COMMUNITY CENTER FY15 Budget Summit Topics Topics to be covered at FY15 Budget Summits First Summit -- What is a budget and why so many funds? Second Summit – What is the impact of using reserves? Third Summit – Understanding the General Fund FY15 General Fund Budget Summary of Estimated Revenues & Expenditures Projected Revenues $215.385 million Projected Expenditures $216.689 million Projected Budget Gap ($1.304 million) FY15 Budget Increased Investments Summary of Increased Investments Housing (transfer to CIP) $350,000 Business Recruitment/Retention $100,000 Small Business Marketing (to increase Eco Dev/Tourism/Arts Salary Increases $75,000 $700,000 TBD Arts $100,000 Neighborhood Partnership Grant (in CIP) $175,000 Neighborhood Enhancements (in CIP) $175,000 General Fund Services General Fund City Administration Services Provided Public Safety Police and Fire protection Leisure Services Parks, Recreation Centers, Libraries Neighborhood Affairs Neighborhood grants, Codes Compliance, Housing City Development Economic Development, Greenhouse General Government Mayor’s Office, City Council, Finance, Budget, Audit Services Public Works Street Lighting Intergovernmental, 25,999 Charges for Services, 10,699 Other Taxes, 59,957 Fines & Forfeitures, 3,296 Ad Valorem Taxes, 82,237 G&A/PILOT, 25,596 Interest/Misc, 2,315 Transfers, 2,044 General Fund Revenue Other General Fund Revenues City Use Household Use Other Taxes Taxes paid on utility bills (electric, gas, water) cell phone bills Charges for Services Fees paid at Recreation Centers Fines and Forfeitures Parking Tickets, late fees at Libraries PILOT Payment in Lieu of Taxes (paid by enterprise fund) General Administrative Internal charges Transfers Return on Investment/Equity Fiscal Year 2014 Property Tax Breakdown Pinellas County School District City of St Petersburg 40% 27% •School State Law •School Local BD •Ad Valorem • Police Pinellas County Operating All Other 21% 12% •General Fund •SWFWMD •PPC •JWB •PSTA •Health Department •EMS Fiscal Year 2014 Ad Valorem Revenues vs. Police Costs Ad Valorem Revenue vs Police Costs (000s Omitted) 120,000 100,000 80,000 Ad Valorem Tax Revenue 60,000 Police Operating Budget 94,914 86,172 83,109 85,015 74,923 84,442 69,616 86,242 78,561 91,713 81,737 90,749 20,000 100,840 86,955 40,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14 0 FY14 General Fund Expenses by Type Capital Outlay/Social Services 2% Transfers/Debt 6% Operating Expenses 21% Personnel 71% 11 General Fund Expense Crosswalk General Fund Expense by Type City Use Household Use Personnel Cost (salary & benefits) Health Insurance, contributions to retirement Operating Expenses Food, cooling and heating Capital Outlay Purchase of car, oven, washer dryer Transfer/Debt Mortgage Payments FY14 General Fund Expenses by Administration General Government 13% Leisure & Community Services 19% Public Works 5% Public Safety 58% City Development 5% 13 Conclusion The General Fund provides the basic services of the city Providing public safety is the largest investment in the city’s General Fund accounting for 58% Quality of life type investments in the Leisure Services such as Parks & Recreation and Libraries is the second largest investment in the General Fund at 19% Conclusion Based on FY14 Budget approximately 27% of your total property tax bill comes into the city’s General Fund All property taxes collected in FY14 covers just over 90% of the cost of funding the Police Department Other revenue sources such as utility taxes and sales taxes make up the balance of the General Fund revenues Budget Process Update Please remain engaged in the budget process through these upcoming events July 1 - Mayor submits his Recommended Fiscal Year 2015 Budget to Council July 24 - Council sets Tentative Millage Rate September 4 - First Public Hearing September 18 - Second Public Hearing Thank you for your participation tonight