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Home My WebLink AboutCBC 6 16 PPT6/16/2017 St. Lucie County Board of County Commissioners Citizen's Budget Committee Presentation June 16, 2017 • 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 COUNTY � 6/16/2017 ccomplishments FUNDING AND ACQUISITION OF 800 MHZ RADIO SYSTEM $9M r • -�110 A/�,iItAR s�rl.Sl7�e ._ i � i �iVMR n� •ki0iik6i�� 1 a T#Lrli` COUNTY A _� Accomplishments FUNDING AND IMPLEMENTATION OF FPL ENERGY EFFICIENCY PROJECTS $9M 2 6/16/2017 Accomplishments JAIL SECURITY SYSTEM REPAIR $3.2M r Apz��, Q Accomplishments MIDWAY ROAD (SELVITZ ROAD-25T" STREET) WIDENING PROJECT (SLC PORTION PROJECTED TO BE COMPLETED FISCAL YEAR S, n .xA�Bx. i Ga'k'�rt'x-s7 MIDWAY ROAD rmoretm i 6 3 6/16/2017 • Reduction in Inmate Medical Expense (FY 15 compared to FY 16 by $-.810 M ) • Implemented Leadership Training Programs • Implemented Workplace Safety Projects 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 M 6/16/2017 2017.E al Final Bud $503.0 Million Internal Service Trust/Agency $30,486,525 $4,543,165 Enterprise 6% 1% $54,469,342 FY 17 Budget 11% GF/FF $221,227,839 44% Capital $68,998,421 14% Debt $17,935,414 Special Revenue -- 3% $105,344,421 21% Y 2017 General =un Fine & Forfeiture Budget $221.2 Million GF/FFSubfunds� $17,975,561 8%0 GF/FF $203,252,278 92% 5 6/16/2017 Y 2017 General Fund/ Fine &Forfeiture Fun Budget $203.3 Million Non -Operating $39,803,851 20% — Operating $163,448,427 80% _ 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. COUNTY n f L 0 R D 12 M. 6/16/2017 fund / Fine & Forfeiture Operating Expenses $163.5 Million Judicial Agencies Aid to Other Agencies 1,230,832 2,411,203 1% Community Service a Mandates Board Departments 10,785,366 61,420,151 7% E 37% Constitutional Officers 87,614,821 54% 13 8 % Change in Property �auation Taxing Property 12.00% f Authority 10.00% 8.00% 6.00% 4.00% 2.75% 0.00% Percentage Change in Property Value ® City of Port St Lucie ■ St. Lucie County Wide _ ■ City of Fort Pierce ❑ St. Lucie County Unincoroporated Area 14 Value City of Port St. $8.7 Billion Lucie St. Lucie County - $18.7 Billion County Wide City of Fort Pierce $2.2 Billion St. Lucie County - $7.8 Billion 7 6/16/2017 ates 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 is al 525,000� • 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 ' 7 6/16/2017 H 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 Is 5,600 091 0.3610 * We are still evaluating the calculations. The impact may be higher. 17 na 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 7 6/16/2017 FUND/FINE & FORFEITURE FY 2010 TO FY 2016 IN MILLIONS 120 S6.8o 100 80 60 Combine $24.20 $112.3M Combined Combined $19.00 f $12.40 40 569.5M $63.2M Combined $60.9M 20 0 FY 2010 Beginning FY 2014 Ending Bal. FY 2015 Ending Bal. FY 2016 Ending Bal. Bal. ■ Gen. Fund ❑ Fine & Forfeit ® Combined Use of Balance Forward - Reserves & Deficit Spending 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 COUNTY n f L 0 R D 19 20 10 6/16/2017 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 ommitments Revenue Available $8.79 M • 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 21 $8,790,000 $3,722,428 i 22 11 6/16/2017 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 nt 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 2d. 12 6/16/2017 FY age anges 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) Millage Impact on a $200,000 Property Value Taxes Needed Needed 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 otallncrease $ 9,174,000 1 0.9398 $ 140.98 * Erosion millage increase is needed for 2 years. 13 * Erosion millage increase is needed for 2 years. 13 6/16/2017 icipa�Se rvices s.oaoa 7.0000 6.0000 6.8582 7.2582 5.0000 4.0000 3.0000 2.2082 .0000 1.0000 ® 1.6022 0.0000 Port St. Lucie Fort Pierce Village Unincorporated G Transit MSTU 0.1269 0.1269 0.1269 0.1269 ❑ Parks MSTU 0.2313 0.2313 0.2313 0.2313 O Stormwater Management MSTU 0.0000 0.0000 0.0000 0.3497 IS 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 Village 5.2807 6.9000 1.8500 0.0000 5 * The unincorporated MSTU, Law Enforcement MSTU, and Stormwater MSTU provide services that a City would provide. These millage rates total 1.2440. 27 icipal Services - Under o ins deration E.0000 6.8582 7.2582 7.0000 6.0000 5.0000 4.0000 2.2829 3.0000 2.2082 2.0000 1.0000 0.0000 Port St. Lucie Fort Pierce Village Unincorporated O Transit MSTU 0.1269 0.1269 0.1269 0.1269 0 Parks MSTU 0.2313 0.2313 0.2313 0.2313 O Stormwater Management MSTU 0.0000 0.0000 0.0000 0.5630 III 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 III City Millage 5.2807 6.9000 1.8500 0.0000 * The unincorporated MSTU, Law Enforcement MSTU, and Stormwater MSTU provide services that a City would provide. These millage rates would total 1.9247. 28 14 6/16/2017 St. Lucie County Board of County Commissioners Citizen's Budget Committee Presentation June 16, 2017 15