Christopher M Quinn MACC CPA CFE CGFO CGMA

Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst

Budget Preparation Timeline February Previous fiscal year audit report and final operating results submitted to City Council March – June Presentation of National Citizen’s Survey results to City Council Infrastructure capital improvement program 10 year project schedule and funding report submitted to City Council Individual budgets prepared by departments and reviewed with Finance and City Manager 2012 Annual Progress Report delivered to City Council June 11 Current fiscal year budget to date presentation to City Council June 18 Budget Primer presentation

Budget Preparation Timeline July 2 Property Tax Overview presentation July 9 Preliminary General Fund budget workshop July 16 Maximum Millage Rate presentation July 30 Proprietary Fund budget workshop August Strategic Action Plan Revised August 13 Internal Services, Special Revenue & Capital Projects Presentation August 27 Final Budget presentation to City Council September 4 Public hearing to set tentative millage rate and tentatively adopt budget September 18 Public Hearing to adopt final millage rate and budget

Total City Revenues Fiscal Year 2013 Budget

Services Provided through Property Taxes Fiscal Year 2013 Budget

Millage Rate History Fiscal Year Property Value Operating Millage Capital Millage Total Millage Ad Valorem Receipts 2002 1, 773, 378, 865 3. 1500 0. 3500 3. 50000 5, 981, 827 2003 1, 983, 740, 628 3. 0500 0. 3500 3. 40000 6, 539, 567 2004 2, 404, 239, 111 3. 0500 0. 3500 3. 40000 7, 855, 523 2005 3, 107, 581, 090 2. 9000 0. 5000 3. 40000 10, 207, 899 2006 4, 444, 854, 928 2. 4000 1. 0000 3. 40000 14, 632, 296 2007 6, 239, 994, 489 2. 5000 0. 7500 3. 25000 19, 603, 806 2008 7, 009, 877, 421 2. 2123 0. 7500 2. 96234 20, 184, 340 2009 6, 131, 965, 169 2. 6123 0. 3500 2. 9623 17, 602, 781 2010 5, 246, 998, 187 3. 1500 0. 3500 3. 5000 17, 828, 406 2011 4, 463, 085, 550 3. 5000 - 3. 5000 15, 048, 300 15, 000, 700 2012 3, 891, 594, 126 3. 5400 0. 4500 3. 9900 2013 3, 646, 122, 021 4. 1502 0. 1456 4. 29580 15, 120, 750 Change 2008 -2013 (3, 363, 755, 400) 1. 94 (. 60) 1. 33 (5, 063, 590) Percentage Change (48%) - - - (25%) 2014 Taxable Value $3, 689, 298, 781 * Percentage Change 2013 -2014 1. 012%

Millage Rate Options

2013 Millage Rates Survey of Cities between 60 K-90 K Population 18 Cities with Millage • Lowest Rate 2. 0000 Weston • Second Lowest 3. 4100 Boca Raton • Third Lowest 4. 2958 Palm Coast Source for Population: Office of Economic & Demographic Research Source for Millage Rates: State of Florida, Division of Revenue

2013 Millage Rates City Millage Rate Taxable Value Tax Collected Weston** 2. 0000 $6. 5 Billion $13 Million Boca Raton** 3. 4100 $16. 6 Billion $50 Million Palm Coast 4. 2958 $3. 6 Billion $15 Million **Both Boca Raton and Weston collect Utility Tax and Franchise Fees in addition to Property Taxes

2014 Millage Rate Proposal

City-Wide Personnel

Personnel per 1, 000 Population

General Fund Totals

Solid Waste Fund

Golf Course Fund

Tennis Center Fund

Information Technology & Communications Fund *Video Team moved to Communications & Marketing Department

Building Permits & Inspections Fund *Scanning Clerk moved from Code Enforcement

Utility Fund *Additional personnel related to ZLD New Equipment: Wastewater Operations - Mini Excavator ($55 k), Sewer Service Jetter Trailer ($12. 5 k)

Stormwater Fund

CDBG Grant Fund

Police Education Fund

Police Automation Fund 2013 Expenditures: Defibrillators for police vehicles ($121 k) 2014 Budgeted Expenditures: Black box technology (automated dispatch of emergency calls) ($33 k) In car video cameras for Palm Coast patrol vehicles ($50 k)

Disaster Reserve Fund Balance Policy The Disaster Reserve can be used to address unanticipated expenditures arising out of a hurricane, tornado, other major weather related events, and/or other massive infrastructure failures or other disasters, whether man-made or caused by nature, using emergency procedures as provided for in the City's Purchasing Policy.

Special Events Fund

NSP 1 Grant Fund

NSP 3 Grant Fund

OKR Special Assessment Fund

BAC Fund

Health Insurance Fund

Fleet Fund

Utility Capital Improvements Fund *Item in blue funded by grant

Streets Improvement Fund *Items in blue funded by grants

Park Impact Fee Fund

Fire Impact Fee Fund

Transportation Impact Fee Fund

Development Special Projects Fund

SR 100 CRA Fund

Capital Projects Fund *Item in blue funded by grants

City of Palm Coast Budget (1 of 2) General Fund CDBG Fund Police Education Fund Police Automation Fund Disaster Reserve Fund Special Events Fund Streets Improvement Fund $ 26, 863, 408 750, 815 19, 300 213, 000 2, 207, 617 290, 600 13, 672, 300 Park Impact Fee Fund 266, 080 Fire Impact Fee Fund 48, 358 Development Special Projects Fund 580, 000 Transportation Impact Fee Fund 748, 800 Neighborhood Stabilization Fund Business Assistance Center Fund SR 100 Community Redevelopment Fund 1, 900, 000 65, 225 6, 049, 751

City of Palm Coast Budget (2 of 2) OKR Special Assessment Fund Capital Projects Fund 390, 000 5, 155, 000 Utility Fund 32, 925, 750 Utility Capital Projects Fund 15, 976, 000 Solid Waste Fund 7, 400, 000 Stormwater Management Fund 7, 776, 233 Building Permits & Inspections Fund 1, 423, 212 Golf Course Fund 1, 525, 960 Tennis Center Fund 327, 385 Information Technology & Communications Fund 2, 891, 610 Health Insurance Fund 3, 270, 245 Fleet Management Fund 4, 387, 163 Sub-Total Budget Less: Interfund Transfers and Charges Total Budget $137, 123, 812 $14, 470, 800 $122, 653, 012

Recommended Millage Rate

Total City Revenues 2013 Projected Vs. 2014 Budget 2013 2014

Services Provided through Property Taxes 2013 Projected Vs. 2014 Budget 2013 Vs. 2014

Budget Schedule § September 4 th & 18 th (Wednesdays at 5: 05 pm) Public hearings to adopt millage rate resolution and budget resolution