PARK CITY FIRE DISTRICT Chief Paul Hewitt Chief

PARK CITY FIRE DISTRICT Chief Paul Hewitt Chief Financial Officer Del Barney

The mission of Park City Fire District is to enhance the quality of life for those we serve, safeguard the environmental and economic base of our community, make a positive difference, and provide excellence in service. 2020 BUDGET REVIEW

2018 by Category 2% 5% 3% Alarms EMS Fire Good Intent Hazardous Condition Rescue or EMS Standby Service Special Incident 14% 13% 1% 6000 4952 5000 4000 3770 3879 3937 2009 2010 4206 4370 4448 4510 4665 2011 2012 2013 2014 2015 5259 5242 5390 2016 2017 2018 3000 2000 1000 0 2007 2008 2020 BUDGET REVIEW 2

Park City Fire Service District 10 Year Projections Debt Service Rate Gain/Loss TNT Property Tax 2006 8, 158, 808 2007 8, 989, 545 Revenues 11, 680, 369 # 13, 925, 443 # Expenses 9, 278, 100 9, 984, 529 Gain/Loss 2, 402, 269 3, 940, 914 Capital 1, 756, 349 4, 405, 082 After Capital 645, 920 (464, 168) 2008 10, 704, 150 13, 856, 900 # 10, 439, 802 3, 417, 098 2, 989, 974 427, 124 1, 014, 947 12, 650, 258 2009 10, 840, 891 13, 755, 373 # 11, 157, 768 2, 597, 605 1, 301, 388 1, 296, 217 1, 759, 353 2010 12, 336, 588 18, 676, 194 # 11, 148, 883 7, 527, 311 1, 789, 343 5, 737, 968 2011 13, 828, 617 16, 599, 634 # 11, 608, 769 4, 990, 865 3, 330, 033 1, 660, 832 2012 12, 015, 400 14, 603, 703 # 11, 673, 037 2, 930, 666 123, 829 2013 11, 120, 538 14, 021, 363 # 12, 686, 693 1, 334, 670 557, 420 2014 11, 389, 530 14, 683, 363 # 12, 889, 506 1, 793, 857 2015 11, 147, 318 14, 499, 151 # 13, 375, 096 2016 11, 685, 499 16, 370, 134 # 14, 143, 810 2017 11, 677, 775 15, 328, 532 # 2018 12, 192, 073 16, 471, 793 # 2019 12, 230, 000 2020 12, 338, 000 Reserves Fund Balances WFB ZFNB 4, 250, 619 12, 687, 302 4. 44 2, 838, 046 12, 223, 134 4. 44 Debt Service BAB Payments 608, 269 612, 846 Balance 7, 119, 478 6, 827, 381 4. 44 575, 362 6, 564, 000 13, 946, 475 4. 44 490, 782 6, 368, 000 2, 628, 061 19, 684, 443 4. 44 4. 5/2. 925 488, 539 9, 964, 000 #33 & Logistics Bldg 6, 638, 261 21, 345, 275 4. 44 4. 5/2. 925 744, 857 9, 630, 000 2, 806, 837 11, 127, 160 24, 152, 112 4. 44 4. 5/2. 925 781, 579 9, 280, 000 777, 250 12, 994, 625 24, 929, 362 4. 44 4. 5/2. 925 1, 044, 963 8, 651, 000 342, 892 1, 450, 965 14, 402, 035 26, 380, 327 2. 71 4. 5/2. 925 723, 707 8, 359, 197 WFB Loan Refinanced 1, 124, 055 915, 698 208, 357 13, 923, 042 26, 588, 684 2. 71 4. 5/2. 925 908, 497 7, 725, 200 at a lower rate 2, 226, 324 1, 984, 699 241, 625 13, 563, 316 26, 830, 308 2. 71 1. 33 895, 307 8, 232, 757 Added Fleet Bldg 14, 923, 077 405, 455 3, 069, 338 (2, 663, 883) 12, 020, 276 24, 166, 425 2. 71 1. 33 1, 182, 110 7, 224, 502 14, 766, 479 1, 705, 314 1, 685, 192 20, 122 11, 312, 066 24, 186, 547 2. 71 1. 35 1, 187, 079 6, 193, 052 16, 252, 946 # 15, 171, 322 1, 081, 624 1, 306, 461 (224, 837) 10, 500, 000 23, 961, 710 2. 71 1. 38 1, 185, 830 5, 139, 019 16, 495, 796 # 15, 164, 254 1, 331, 542 1, 332, 000 (458) 10, 500, 000 23, 578, 782 2. 71 1. 39 1, 189, 820 4, 059, 008 2021 12, 525, 000 16, 608, 000 # 15, 153, 168 1, 454, 832 675, 000 779, 832 11, 000 23, 008, 782 2. 71 1. 54 1, 192, 606 2, 953, 596 Fleet Bldg Paid Off 2022 12, 725, 000 16, 698, 000 # 15, 658, 142 1, 039, 858 7, 000 (5, 960, 142) 5, 000 16, 206, 649 2. 71 1. 70 907, 459 2, 109, 372 2023 13, 925, 000 17, 866, 000 # 16, 366, 783 1, 499, 217 725, 000 774, 217 5, 500, 000 16, 751, 364 2. 71 1. 85 910, 175 1, 241, 897 2024 14, 125, 000 18, 134, 000 # 16, 457, 928 1, 676, 072 1, 250, 000 426, 072 5, 800, 000 16, 937, 706 2. 71 2. 00 703, 821 560, 000 WFB Loan Paid Off 2025 14, 325, 000 18, 310, 500 # 16, 345, 089 1, 965, 411 700, 000 1, 265, 411 6, 500, 000 17, 552, 382 2. 13 287, 356 285, 000 2026 14, 525, 000 18, 563, 000 # 16, 658, 936 1, 904, 064 1, 225, 000 679, 064 7, 000 18, 368, 857 2. 28 291, 498 2027 14, 725, 000 18, 680, 500 # 16, 682, 772 1, 997, 728 675, 000 1, 322, 728 7, 800, 000 19, 016, 218 0 2028 14, 825, 000 18, 803, 000 # 17, 004, 756 1, 798, 244 1, 175, 000 623, 244 8, 500, 000 19, 436, 462 0 0 ZFNB Bond Paid Off In 2004 the original WFB Capital Lease was entered in to for 25 years at 4. 44% for 4 fire stations, the training facility, and the administration building. In 2010 the Build America Bond was received for 20 years at 4. 5% with a 35% interest rebate from the IRS, if applied for, putting the rate at 2. 925 for #33 and the Logistics Building. In 2014 the WFB Loan was refinancedfor 10 years for 2. 71%. In 2016 Zions Bank Public Finance paid off the 2010 Build America Bond and refinanced it for 10 years starting at 1. 33% adding the Fleet Services Building for 5 years. 2020 BUDGET REVIEW 3

Actual 2, 017 Year-to Date 2019 Actual 2, 018 Projected 2, 019 Budget 2, 019 Amended Proposed Budget 2019 Budget 2020 Revenues: Property taxes Fee-in-lieu Interest income Misc. income Grants and Donations Bond proceeds Fees and permits: Ambulance revenue Impact Fees Other fees and permits Total revenues 11, 677, 775 12, 192, 073 700, 870 11, 945, 000 12, 125, 000 12, 338, 000 297, 420 309, 659 184, 387 285, 000 295, 000 280, 000 293, 383 445, 562 464, 200 554, 300 287, 900 423, 600 34, 850 29, 579 26, 787 30, 500 20, 500 30, 909 25, 001 41, 803 42, 000 26, 500 41, 000 0 0 0 2, 494, 710 2, 707, 000 1, 398, 126 2, 780, 520 2, 817, 696 241, 762 449, 614 235, 076 300, 000 257, 722 313, 305 263, 464 315, 626 320, 200 325, 000 15, 328, 532 16, 471, 792 3, 314, 713 16, 252, 946 16, 165, 620 16, 495, 796 2020 BUDGET REVIEW 4

Expenses 2017 2018 YTD 2019 Budget Amended 2020 Budget Current: Salaries and wages Fringe benefits Total wages and fringe benefits 8, 135, 353 3, 468, 257 11, 603, 610 8, 063, 265 3, 649, 602 11, 712, 867 6, 107, 028 2, 701, 909 8, 808, 937 8, 243, 522 3, 635, 392 11, 878, 914 9, 173, 773 4, 293, 690 13, 467, 463 9, 502, 009 4, 195, 481 13, 697, 490 598, 916 700, 650 191, 556 74, 799 96, 869 69, 414 1, 824, 290 538, 942 594, 710 146, 185 25, 672 121, 670 58, 425 1, 569, 833 378, 735 447, 069 121, 079 13, 841 82, 891 60, 243 1, 179, 243 587, 146 635, 403 164, 570 91, 290 110, 535 102, 855 1, 814, 999 781, 334 767, 507 195, 750 124, 799 134, 850 135, 000 2, 313, 590 815, 824 686, 613 220, 950 121, 465 134, 350 140, 000 2, 316, 052 109, 535 20, 577 14, 200 38, 313 0 130, 443 313, 067 113, 025 9, 286 14, 500 24, 000 0 138, 390 299, 201 86, 910 16, 287 14, 800 763 0 86, 772 205, 531 90, 000 21, 720 14, 800 35, 000 0 130, 060 291, 580 67, 000 25, 000 16, 000 50, 000 0 148, 168 306, 168 90, 000 25, 000 16, 000 50, 000 0 163, 379 344, 379 Apparatus and vehicles Land, buildings and building improvements Furniture and equipment Total capital outlay 610, 685 2, 290, 642 168, 011 3, 069, 338 1, 108, 721 512, 344 64, 127 1, 685, 192 46, 093 45, 502 58, 800 150, 395 77, 544 1, 170, 117 58, 800 1, 306, 461 1, 235, 000 1, 230, 000 132, 000 2, 597, 000 795, 000 1, 305, 000 233, 000 2, 333, 000 Principle retirement Interest charges Total debt service 1, 008, 256 173, 853 1, 182, 110 1, 031, 449 153, 130 1, 184, 579 408, 135 87, 951 496, 086 1, 054, 032 131, 797 1, 185, 829 1, 054, 500 132, 500 1, 187, 000 1, 081, 500 113, 000 1, 194, 500 Total expenditures 17, 992, 415 16, 451, 672 10, 840, 193 16, 477, 783 19, 871, 221 19, 885, 421 Excess (deficit) of revenue over expenditures before operating transfers (2, 663, 883) 20, 120 (7, 525, 479) (224, 837) (3, 705, 601) (3, 389, 625) 2, 320, 655 0 786, 013 0 5, 418, 750 0 5, 418, 750 0 20, 120 (7, 525, 479) (224, 837) (3, 705, 601) 24, 186, 547 23, 961, 710 20, 256, 109 Operations: Station expenditures Ambulance operational expenditures Apparatus maintenance Fire, spec. ops. And communication equip. Fuel Uniforms and safety gear Total operations General and administrative: General liability insurance Professional and consulting services Audit and accounting services Legal services Certificates of participation- cost of issuance Other general and administrative Total general and administrative Captal outlay: Debt service: Operating transfers out Operating transfers in Total transfers 2, 129, 425 0 Totals (2, 663, 883) Fund Balances - Beginning Fund Balances - Ending 26, 830, 308 24, 166, 425 24, 186, 547 16, 661, 068 5, 418, 750 0 2020 BUDGET REVIEW (3, 389, 625) 4 20, 256, 109 16, 866, 484

2020 Projects Engine Purchase Station 39 Land Station 34 Remodel 2020 BUDGET REVIEW 5

Challenges, Issues & Opportunities Tier II Retirement System Recruitment Truth in Taxation 2020 BUDGET REVIEW 6

Thank You Chief Paul Hewitt: Phewitt@pcfd. org Chief Financial Officer: Dbarney@pcfd. org 2020 BUDGET REVIEW