The URL can be used to link to this page

Home My WebLink AboutCBC backup 0620176/16/2017 1 St. Lucie County Board of County Commissioners 1 Agenda Major Accomplishments FY 17 Budget Summary/Breakdown Property Values Millage Rate Calculations Additional Homestead Exemption Fund Balance History Fund Balance Obligations Incremental Budget Changes Revenue Expenses Current Unmet Demands Millage Scenarios Municipal Service Comparison 2 6/16/2017 2 Accomplishments FUNDING AND ACQUISITION OF 800 MHZ RADIO SYSTEM $9M 3 Accomplishments FUNDING AND IMPLEMENTATION OF FPL ENERGY EFFICIENCY PROJECTS $9M 4 6/16/2017 3 Accomplishments JAIL SECURITY SYSTEM REPAIR $3.2M 5 Accomplishments MIDWAY ROAD (SELVITZ ROAD‐25TH STREET) WIDENING PROJECT (SLC PORTION PROJECTED TO BE COMPLETED FISCAL YEAR 6 MIDWAY ROAD 6/16/2017 4 Accomplishments •Reduction in Inmate Medical Expense (FY 15 compared to FY 16 by $‐.810M) •Implemented Leadership Training Programs •Implemented Workplace Safety Projects 7 Budget Summary The FY 2016-17 Final Budget is $503.0 million which represents a decrease of $4.3 million or 0.8% from the prior fiscal year amended budget 8 6/16/2017 5 FY 17 Budget GF/FF $221,227,839 44% Special Revenue $105,344,421 21% Debt $17,935,414 3% Capital $68,998,421 14% Enterprise $54,469,342 11% Internal Service $30,486,525 6% Trust/Agency $4,543,165 1% FY 2017 Total Final Budget $503.0 Million GF/FF $203,252,278 92% GF/FF Subfunds $17,975,561 8% FY 2017 General Fund/ Fine & Forfeiture Fund Budget $221.2 Million 6/16/2017 6 Operating $163,448,427 80% Non-Operating $39,803,851 20% FY 2017 General Fund/ Fine & Forfeiture Fund Budget $203.3 Million General Fund/Fine & Forfeiture The County’s main operations are located in the General Fund/Fine & Forfeiture Fund portion of the FY 16-17 Final Budget, which amounts to $163.5 M for County operations. 12 6/16/2017 7 General Fund / Fine & Forfeiture Operating Expenses $163.5 Million Board Departments 61,420,151 37% Constitutional Officers 87,614,821 54% Community Service Mandates 10,785,366 7% Aid to Other Agencies 2,411,203 1% Judicial Agencies 1,230,832 1% 13 FY18 % Change in Property Valuation 14 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% Percentage Change in Property Value 10.25% 6.75% 5.25% 2.75% City of Port St. Lucie St. Lucie County Wide City of Fort Pierce St. Lucie County Unincoroporated Area Taxing Authority Property Value City of Port St. Lucie $8.7 Billion St. Lucie County – County Wide $18.7 Billion City of Fort Pierce $2.2 Billion St. Lucie County – Unincorporated $7.8 Billion 6/16/2017 8 Millage Rates Est. FY 18 Property Value $ 18,712,238,199 $ 7,772,614,563 Mills Countywide Unincorporated 1.0000 $ 17,776,626 $ 7,383,984 0.9000 $ 15,998,964 $ 6,645,585 0.8000 $ 14,221,301 $ 5,907,187 0.7000 $ 12,443,638 $ 5,168,789 0.6000 $ 10,665,976 $ 4,430,390 0.5000 $ 8,888,313 $ 3,691,992 0.4000 $ 7,110,651 $ 2,953,594 0.3000 $ 5,332,988 $ 2,215,195 0.2000 $ 3,555,325 $ 1,476,797 0.1000 $ 1,777,663 $ 738,398 15 Additional $25,000 Exemption Currently, property owners that are eligible for homestead exemption receive an exemption up to the assessed valuation of $25,000. An additional $25,000 exemption applies to the property value between $50,000 and $75,000. This additional $25,000 exemption does not apply to taxes levied by school districts. House Joint Resolution (HJR) 7105 proposed an amendment to the Florida Constitution, which is effective January 1, 2019. The proposed amendment would increase the homestead exemption to also exempt the assessed valuation greater than $100,000 and up to $125,000 for all levies other than school districts. A referendum for a Constitutional Amendment will be on the November 2018 ballot. 16 6/16/2017 9 HJR 7105 Future Impacts 17 Estimated Tax Loss Millage needed to offset tax loss COUNTY GENERAL FUND $ (2,678,642) 0.1594 FINE & FORFEITURE $ (2,141,375) 0.1274 SUBTOTAL COUNTY $ (4,820,017) 0.2869 DEPENDENT DISTRICTS EROSION CONTROL - ZONE E $ (60,319) 0.0036 MOSQUITO DISTRICT $ (138,609) 0.0084 SUBTOTAL DEPENDENT DIST.$ (198,929) 0.0120 TOTAL COUNTY/DEPENDENT DIST. $ (5,018,946)0.2989 MUNICIPAL SERVICE TAXING UNITS (MSTUs) UNINCORPORATED SERVICES $ (107,203) 0.0149 STORMWATER $ (97,627) 0.0136 LAW ENFORCEMENT $ (142,463) 0.0198 PARKS MSTU $ (151,100) 0.0090 TRANSIT MSTU $ (82,752) 0.0049 SUBTOTAL MSTU $ (581,145)0.0622 Total Estimated Tax Loss $ (5,600,091) 0.3610 * We are still evaluating the calculations. The impact may be higher. Additional Exemption Homesteaded properties with an assessed value of $125,000 or greater – additional $25,000 exemption. Homesteaded properties with an assessed value of $100,000 or lower – no additional exemption. Homesteaded properties with an assessed value between $100,000 and $125,000 – exemption amount is the difference between the assessed value of the home and $100,000. 18 6/16/2017 10 BALANCE FORWARD COMPARISON GENERAL FUND/FINE & FORFEITURE FY 2010 TO FY 2016 IN MILLIONS $105.50 $45.30 $44.20 $48.50 $6.80 $24.20 $19.00 $12.40 0 20 40 60 80 100 120 FY 2010 Beginning Bal. FY 2014 Ending Bal. FY 2015 Ending Bal. FY 2016 Ending Bal. Gen. Fund Fine & Forfeit Combined Combined $69.5M Combined $63.2M Combined $60.9M 19 Combined $112.3M FY 2017 BUDGET Use of Balance Forward – Reserves & Deficit Spending 20 Description Amount 2016 Fund Balance $60.9 Million Less: Reserves $36.50 Million Net Balance $24.4 Million Less: 2017 Deficit Spending $9.51 Million Budget Stabilization Balance $14.89 Million 6/16/2017 11 General Fund/Fine & Forfeiture Fund Projected FY 2018 Incremental Changes Incremental Recurring Revenues Property Taxes (6.75% value increase) $8.83 M State Shared $0.25 M Half Cent Sales Tax $0.52 M Total Increment $9.60 M Reallocate Local Communications Tax to Transportation Trust ($0.81 M) Total Available $8.79 M 21 Prior Commitments Revenue Available $8,790,000 Sheriff Annual Vehicle Lease Payment $ 873,576 Medical Examiner portion for position full year $ 41,000 FRS Increase $ 972,939 Health Insurance Increases $ 1,447,550 Medicaid $ 317,680 SOE Rent $ 62,524 Tax Collector (Fee based) $ 255,000 Additional CRA Payments $ 582,000 800 MHz Debt $ 409,187 Committed Needs $ 5,067,572 Net Revenue $3,722,428 22 6/16/2017 12 Budget Allocations Under Consideration Revenue Available $3,722,428 Property Appraiser $ 246,567 Supervisor of Elections Vehicles $ 161,300 Medical Examiner $ 106,116 Non-profits $ 235,765 3% COLA $ 750,000 Airport Equipment $ 209,000 Information Technology $ 525,455 Human Resources $ 15,900 OMB $ 1,750 Community Services ($ 185,479) Facilities $ 1,759,821 Parks & Recreation $ 408,895 Public Safety $ 208,005 Total $ 4,443,095 Net Available ($720,667)23 Current Unmet Demands Beaches $4 million/2 years $2,000,000 Stormwater (culverts) $1,500,000 Roads Repaving from 5 miles per year to 15 miles per year $1,300,000 Heavy Equipment Replacement Loan Payment $500,000 Sheriff’s Office Annual Vehicle Lease Payment $ 873,576 Salary Increases $3,000,000 Mosquito Control $ 0 24 6/16/2017 13 FY 2017 Millage Changes FY 2017 Millage Millage Change from FY 2016 Taxes @ 95% General Fund 4.1077 ‐0.0196 $ (325,003) Fine & Forfeiture Fund 3.2838 0.0139 $ 230,487 Mosquito Control Fund 0.2164 ‐0.0249 $ (405,554) Unincorporated MSTU Fund 0.3840 ‐0.0540 $ (383,340) Port Property Bond 0.0000 ‐0.0154 $ (258,502) Erosion Control 0.0925 0.0000 $ 0 Stormwater MSTU 0.3497 0.0000 $ 0 Law Enforcement MSTU 0.5103 0.0000 $ 0 Parks MSTU 0.2313 0.0000 $ 0 Transit MSTU 0.1269 0.0000 $ 0 Total 9.3026 ‐0.1000 $ (1,141,913) 44 Property Value Taxes Needed Millage Needed Impact on a $200,000 homesteaded property Erosion District* $ 18,712,238,199 $ 2,000,000 0.1181 $ 17.72 Stormwater MSTU $ 7,772,614,563 $ 1,500,000 0.2133 $ 31.99 Roads ‐MSTU (75%) $ 7,772,614,563 $ 1,350,000 0.1920 $ 28.80 Roads ‐Countywide (25%) $ 18,712,238,199 $ 450,000 0.0266 $ 3.99 Sheriff's Office ‐MSTU (50%) $ 7,772,614,563 $ 1,937,000 0.2754 $ 41.32 Sheriff's Office ‐Countywide (50%) $ 18,712,238,199 $ 1,937,000 0.1144 $ 17.16 Total Countywide Increase $ 4,387,000 0.2591 $ 38.87 Total Municipal Services Increase $ 4,787,000 0.6807 $ 102.11 Total Increase $ 9,174,000 0.9398 $ 140.98 26 Millage Scenarios Under Consideration * Erosion millage increase is needed for 2 years. 6/16/2017 14 Municipal Services 27 * The unincorporated MSTU, Law Enforcement MSTU, and Stormwater MSTU provide services that a City would provide. These millage rates total 1.2440. Port St. Lucie Fort Pierce Village Unincorporated Transit MSTU 0.1269 0.1269 0.1269 0.1269 Parks MSTU 0.2313 0.2313 0.2313 0.2313 Stormwater Management MSTU 0.0000 0.0000 0.0000 0.3497 Law Enforcement MSTU 0.0000 0.0000 0.0000 0.5103 Unincorporates Services MSTU 0.0000 0.0000 0.0000 0.3840 City Voted Debt 1.2193 0.0000 0.0000 0.0000 City Millage 5.2807 6.9000 1.8500 0.0000 6.8582 7.2582 2.2082 1.6022 0.0000 1.0000 2.0000 3.0000 4.0000 5.0000 6.0000 7.0000 8.0000 Municipal Services – Under Consideration 28 * The unincorporated MSTU, Law Enforcement MSTU, and Stormwater MSTU provide services that a City would provide. These millage rates would total 1.9247. Port St. Lucie Fort Pierce Village Unincorporated Transit MSTU 0.1269 0.1269 0.1269 0.1269 Parks MSTU 0.2313 0.2313 0.2313 0.2313 Stormwater Management MSTU 0.0000 0.0000 0.0000 0.5630 Law Enforcement MSTU 0.0000 0.0000 0.0000 0.7857 Unincorporates Services MSTU 0.0000 0.0000 0.0000 0.5760 City Voted Debt 1.2193 0.0000 0.0000 0.0000 City Millage 5.2807 6.9000 1.8500 0.0000 6.8582 7.2582 2.2082 2.2829 0.0000 1.0000 2.0000 3.0000 4.0000 5.0000 6.0000 7.0000 8.0000 6/16/2017 15 St. Lucie County Board of County Commissioners 29