Agenda 09/24/2013 Item #11A 9/24/2013 11 .A.
EXECUTIVE SUMMARY
Recommendation to obtain public input into the process of determining the future of the
Isles of Capri Fire District.
OBJECTIVE: To provide additional information and seek public input into making decisions
affecting the future of the Isles of Capri Fire District.
CONSIDERATIONS: At its September 10, 2013 regular meeting, the BCC directed the
County Manager to provide the following:
1. Information regarding the determination of the Insurance Services Organization (ISO)
rating system and estimates of the cost differential to residents under several rating
scenarios.
2. Information regarding the disposition of grant-funded assets (Fire Engine and Air Packs).
3. Pro-forma budget estimates for the Isles of Capri Fire District.
4. Options for seeking public input into this process.
ISO Rating: Insurance Services Organization (ISO) is an industry organization that assesses risk
levels that are used by insurance carriers in determining fire coverage cost. ISO does not set
insurance rates. The ISO rating is an assessment of resources available to combat a structural
fire at the time of an inspection. These inspections generally occur every 8 years unless a Fire
Department requests a"re-rate"due to changing conditions.
Guidance and formulas for computing ISO ratings are set at the discretion of the ISO. While the
list is extensive, the general factors considered include: available water supply for fire fighting,
proximity of fire quarters to homes and buildings, number of personnel responding on initial
alarms, building alarm and sprinkler systems, and radio systems for fire dispatch.
There are currently no plans by either ICFD or ENFD to request a new inspection. It would be
up to the ISO if they choose to conduct one when notified of a change in jurisdiction, which
would likely not occur until the boundaries are actually changed by legislative act. Under a
management agreement,there would be no change in ISO rating.
Bona fide quotes are difficult for the fire district to obtain due to market and conditions of
competition, however, staff has learned that the insurance carriers are grouping ISO ratings and
that there is essentially no difference in rates if ISO rating is within Class ratings of 3, 4, 5, and
6.
Grant Funded Assets: Attached as backup to this item is the language from the grant terms and
conditions.
Pro-Forma Budget: Attached to this item is a 3-year projected budget (based on conservative
budget forecasting) for the Isles of Capri Fire District calculated with and without the Fiddler's
Creek properties. This budget format was prepared using conservative assumptions to
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9/24/2013 11 .A.
demonstrate the effects on taxpayers. With minimal service cost increases and a modest increase
in taxable values, a minimum of .8000 mill increase per $1,000 of taxable value over the next
three years is required on average to maintain current service levels if Fiddler's Creek leaves the
District and a minimum increase of.5000 mill per $1,000 of taxable value is required over the
next three years if Fiddler's Creek remains with the District.
Citizen Input: Due to time constraints and deadlines, Staff recommends hiring an outside firm to
conduct an informal survey of public opinion in this matter. This is simply a method by which
opinions may be heard and does not in any way obligate the Board to take any particular action
in the matter. There are two possible methods for determining eligibility to participate in the
survey, registered voters or property owners. Staff has requested lists from both the Supervisor
of Elections and the Property Appraiser. Neither methodology is perfect. If opinions are sought
only from registered voters, then many residents who are part-time or have their permanent
residence elsewhere will not be able to participate. If property owners are surveyed, then renters
will not be heard and only one opinion per property will be voiced. There are some properties
with multiple owners who may or may not be in agreement on this issue.
The County does not currently have a vendor under contract for this purpose and is requesting
authorization to solicit three quotes and enter into a purchase order with the firm submitting the
lowest, responsive quote.
Proposed survey language:
Note: Under either selection the fire station at 175 Capri Blvd. will remain open and
operational.
a. I believe the 1OCRFSTD should remain under the authority and control of
Collier County at a current millage rate of 2.0, with a projected millage rate increase to at
least 2.5 mills on or before 2015.
b. I believe the IOCRFSTD should join the East Naples Fire Control District at a
millage rate of 1.5, dissolving the Isles of Capri MSTU on or before 2015.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney.
Although there was a discussion at the prior Board meeting of conducting a "Straw Ballot," Fl.
Stat. 125.01(y)provides as follows:
125.01 Powers and duties.—
(1) The legislative and governing body of a county shall have the power to carry on county
government. To the extent not inconsistent with general or special law, this power includes, but
is not restricted to, the power to:
(y) Place questions or propositions on the ballot at any primary election, general election, or
otherwise called special election, when agreed to by a majority vote of the total membership of
the legislative and governing body, so as to obtain an expression of elector sentiment with
respect to matters of substantial concern within the county.No special election may be called for
the purpose of conducting a straw ballot. Any election costs, as defined in s. 97.021, associated
with any ballot question or election called specifically at the request of a district or for the
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9/24/2013 11 .A.
creation of a district shall be paid by the district either in whole or in part as the case may
warrant.
Since a Straw Ballot cannot be done at this time, an informal survey is being proposed as the best
gauge of public sentiment. With that said,this item is approves as to form and legality, requiring
majority support for approval. -JAK
GROWTH MANAGEMENT IMPACT: None.
RECOMMENDATION: That the Board accepts the information provided, provides direction
to staff on the methodology for conducting the survey, and authorizes Staff to solicit three quotes
and enter into a purchase order with the firm submitting the lowest, responsive quote to conduct
an informal public opinion survey regarding the future management of fire services in the Isles
of Capri Fire District MSTU no later than November 8, 2013.
PREPARED BY: Len Golden Price, ASD Administrator
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9/24/2013 11 .A.
COLLIER COUNTY
Board of County Commissioners
Item Number: 11.11.A.
Item Summary: Recommendation to obtain public input into the process of determining
the future of the Isles of Capri Fire District.. (Len Price, Administrative Services Administrator)
Meeting Date: 9/24/2013
Prepared By
Name: pochopinpat
Title: Administrative Assistant,Facilities Management
9/17/2013 9:36:39 AM
Submitted by
Title:Administrator, Administrative Services
Name: PriceLen
9/17/2013 9:36:40 AM
Approved By
Name: PriceLen
Title:Administrator, Administrative Services
Date: 9/17/2013 5:14:43 PM
Name: KlatzkowJeff
Title: County Attorney
Date: 9/18/2013 8:58:22 AM
Name: IsacksonMark
Title: Director-Corp Financial and Mgmt Svs,CMO
Date: 9/18/2013 2:48:08 PM
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215.34-Equipment. -PART 215: UNIFORM ADMINISTRATIVE REQUIREMENTS F... Page 1 of 4
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AdChoices to
2 CFR 215.34 - Equipment.
Code of Federal Regulations-Title 2: Grants and Agreements (201 l)
Updated to: January 01,2011
Linked as: http://cfr.vlex.com/vid/215-34-equipment-19597200
•
•
Collier County I
AdChoices R>- ► 2 CFR - Grants ► Federal Tax ► OMB
Text
Title 2: Grants and Agreements
Subtitle A: Office of Management and Budget Guidance for Grants and Agreements
CHAPTER II: OFFICE OF MANAGEMENT AND BUDGET CIRCULARS AND GUIDANCE
: Reserved
PART 215: UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND
AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION,HOSPITALS,AND OTHER
NON-PROFIT ORGANIZATIONS(OMB CIRCULAR A-110)
Subpart C:Post Award Requirements
: Property Standards
215.34 - Equipment.
(a) Title to equipment acquired by a recipient with Federal funds shall vest in the recipient, subject to
conditions of this section.
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(b)The recipient shall not use equipment acquired with Federal funds to provide services to non-Federal
outside organizations for a fee that is less than private companies charge for equivalent services, unless
specifically authorized by Federal statute,for as long as the Federal Government retains an interest in
the equipment.
(c) The recipient shall use the equipment in the project or program for which it was acquired as long as
needed, whether or not the project or program continues to be supported by Federal funds and shall not
encumber the property without approval of the Federal awarding agency. When no longer needed for the
original project or program,the recipient shall use the equipment in connection with its other federally-
sponsored activities, in the following order of priority:
(1)Activities sponsored by the Federal awarding agency which funded the original project, then
(2)Activities sponsored by other Federal awarding agencies.
(d) During the time that equipment is used on the project or program for which it was acquired,the
recipient shall make it available for use on other projects or programs if such other use will not interfere
with the work on the project or program for which the equipment was originally acquired. First
preference for such other use shall be given to other projects or programs sponsored by the Federal
awarding agency that financed the equipment;second preference shall be given to projects or programs
sponsored by other Federal awarding agencies. If the equipment is owned by the Federal Government,
use on other activities not sponsored by the Federal Government shall be permissible if authorized by
the Federal awarding agency. User charges shall be treated as program income.
(e) When acquiring replacement equipment, the recipient may use the equipment to be replaced as trade-
in or sell the equipment and use the proceeds to offset the costs of the replacement equipment subject to
the approval of the Federal awarding agency.
(f)The recipient's property management standards for equipment acquired with Federal funds and
federally-owned equipment shall include all of the following:
(1) Equipment records shall be maintained accurately and shall include the following information.
(i)A description of the equipment.
(ii) Manufacturer's serial number,model number,Federal stock number,national stock number,or other
identification number.
(iii) Source of the equipment,including the award number.
(iv) Whether title vests in the recipient or the Federal Government.
(v) Acquisition date (or date received, if the equipment was furnished by the Federal Government)and
cost.
(vi)Information from which one can calculate the percentage of Federal participation in the cost of the
equipment(not applicable to equipment furnished by the Federal Government).
(vii)Location and condition of the equipment and the date the information was reported.
(viii)Unit acquisition cost.
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215.34 - Equipment. - PART 215: UNIFORM ADMINISTRATIVE REQUIREMENTS F... Page 3 of 4
owitt I
(ix)Ultimate disposition data, including date of disposal and sales price or the method used to determine
current fair market value where a recipient compensates the Federal awarding agency for its share.
(2) Equipment owned by the Federal Government shall be identified to indicate Federal ownership.
(3) A physical inventory of equipment shall be taken and the results reconciled with the equipment
records at least once every two years.Any differences between quantities determined by the physical
inspection and those shown in the accounting records shall be investigated to determine the causes of the
difference. The recipient shall,in connection with the inventory,verify the existence,current utilization,
and continued need for the equipment.
(4) A control system shall be in effect to insure adequate safeguards to prevent loss, damage, or theft of
the equipment. Any loss, damage,or theft of equipment shall be investigated and fully documented; if
the equipment was owned by the Federal Government,the recipient shall promptly notify the Federal
awarding agency.
(5)Adequate maintenance procedures shall be implemented to keep the equipment in good condition.
(6) Where the recipient is authorized or required to sell the equipment,proper sales procedures shall be
established which provide for competition to the extent practicable and result in the highest possible
return.
(g) When the recipient no longer needs the equipment, the equipment may be used for other activities in
accordance with the following standards. For equipment with a current per unit fair market value of
$5000 or more,the recipient may retain the equipment for other uses provided that compensation is
made to the original Federal awarding agency or its successor. The amount of compensation shall be
computed by applying the percentage of Federal participation in the cost of the original project or
program to the current fair market value of the equipment. If the recipient has no need for the
equipment, the recipient shall request disposition instructions from the Federal awarding agency.The
Federal awarding agency shall determine whether the equipment can be used to meet the agency's
requirements. If no requirement exists within that agency,the availability of the equipment shall be
reported to the General Services Administration by the Federal awarding agency to determine whether a
requirement for the equipment exists in other Federal agencies.The Federal awarding agency shall issue
instructions to the recipient no later than 120 calendar days after the recipient's request and the following
procedures shall govern.
(1)If so instructed or if disposition instructions are not issued within 120 calendar days after the
recipient's request,the recipient shall sell the equipment and reimburse the Federal awarding agency an
amount computed by applying to the sales proceeds the percentage of Federal participation in the cost of
the original project or program. However,the recipient shall be permitted to deduct and retain from the
Federal share $500 or ten percent of the proceeds,whichever is less, for the recipient's selling and
handling expenses.
(2) If the recipient is instructed to ship the equipment elsewhere,the recipient shall be reimbursed by the
Federal Government by an amount which is computed by applying the percentage of the recipient's
participation in the cost of the original project or program to the current fair market value of the
equipment, plus any reasonable shipping or interim storage costs incurred.
(3)If the recipient is instructed to otherwise dispose of the equipment,the recipient shall be reimbursed
by the Federal awarding agency for such costs incurred in its disposition.
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(4)The Federal awarding agency may reserve the right to transfer the title to the Federal Government or
to a third party named by the Federal Government when such third party is otherwise eligible under
existing statutes. Such transfer shall be subject to the following standards.
(i)The equipment shall be appropriately identified in the award or otherwise made known to the
recipient in writing,
(ii)The Federal awarding agency shall issue disposition instructions within 120 calendar days after
receipt of a final inventory. The final inventory shall list all equipment acquired with grant funds and
federally-owned equipment. If the Federal awarding agency fails to issue disposition instructions within
the 120 calendar day period, the recipient shall apply the standards of this section,as appropriate.
(iii) When the Federal awarding agency exercises its right to take title, the equipment shall be subject to
the provisions for federally-owned equipment.
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§215.34 Equipment.
(a)Title to equipment acquired by a recipient with Federal funds shall vest in the recipient, a
subject to conditions of this section.
(b)The recipient shall not use equipment acquired with Federal funds to provide services
to non-Federal outside organizations for a fee that is less than private companies charge
for equivalent services,unless specifically authorized by Federal statute,for as long as the Conatlons cover only 20%of our costs
Federal Government retains an interest in the equipment.
(c)The recipient shall use the equipment In the project or program for which it was
acquired as long as needed,whether or not the project or program continues to be
supported by Federal funds and shall not encumber the property without approval of the
Federal awarding agency.When no longer needed for the original project or program,the
recipient shall use the equipment In connection with its other federally-sponsored Lets meet h e
activities,in the following order of priority: N� III
(1)Activities sponsored by the Federal awarding agency which funded the original x AO 444,a project,then
(2)Activities sponsored by other Federal awarding agencies.
(d)During the time that equipment is used on the project or program for which It was
acquired,the recipient shall make it available for use on other projects or programs If such
LAW ABOUT...AK`l'SCLLS F>1cOM 4ti*FX
other use will not interfere with the work on the project or program for which the
equipment was originally acquired.First preference for such other use shall be given to Secu
• rity Nt19J>al ity Letter
other projects or programs sponsored by the Federal awarding agency that financed the
capital I expenditure
equipment;second preference shall be given to projects or programs sponsored by other
Federal awarding agencies.If the equipment is owned by the Federal Government,use on
• Food Stamps
other activities not sponsored by the Federal Government shall be permissible If • Qover .ent ontraccs
authorized by the Federal awarding agency.User charges shall be treated as program • Puhis.Lty_er,prooaganda
income.
(e)When acquiring replacement equipment,the recipient may use the equipment to be
replaced as trade-In or sell the equipment and use the proceeds to offset the costs of the
replacement equipment subject to the approval of the Federal awarding agency.
CFI , 551.)
(f)The recipient's property management standards for equipment acquired with Federal AmAzorl.c.nm ahET
funds and federally-owned equipment shall include all of the following: CARD t0`l1 H
IHE PURCHASE
(1)Equipment records shall be maintained accurately and shall include the following r)F _`,I.'EC 7
information. INTEL-POWERED
Pc s
(I)A description of the equipment.
(II)Manufacturer's serial number,model number,Federal stock number,national stock am n 1 Rt'; .^�
number,or other identification number. TS)1
(ill)Source of the equipment,including the award number,
(iv)Whether title vests In the recipient or the Federal Government.
GET INVOLVED
(v)Acquisition date(or date received,If the equipment was furnished by the Federal
Government)and cost. 111 Announce Slog
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2 CFR 215.34 -Equipment. I Title 2 -Grants and Agreements I Code of Federal Regulatio... Page 2 of 3
(vq Information from which one can calculate the percentage of Federal participation
LII Supreme Court Bulletin
in the cost of the equipment(not applicable to equipment furnished by the Federal MAKE A DONATION
Government). CONTRIBUTE CONTENT
(vii)Location and condition of the equipment and the date the information was $ECOME A SPONSOR
GIVEfEEPBACK
reported.
(viii)Unit acquisition cost.
(lx)Ultimate disposition data,Including date of disposal and sales price or the method
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used to determine current fair market value where a recipient compensates the Lawyers
Federal awarding agency for its share. near Atlanta,Georgia
(2)Equipment owned by the Federal Government shall be identified to indicate Federal Lawyers oet isted...for free!
ownership. lk
(3)A physical inventory of equipment shall be taken and the results reconciled with the
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equipment records at least once every two years.Any differences between quantities Business Law,Medical Malpractice
determined by the physical inspection and those shown in the accounting records shall Atlanta,GA
be investigated to determine the causes of the difference.The recipient shall,in gold Badge
connection with the inventory,verify the existence,current utilization,and continued
need for the equipment.
(4)A control system shall be in effect to insure adequate safeguards to prevent loss, Ryncan H.Adams
damage,or theft of the equipment.Any loss,damage,or theft of equipment shall be
investigated and fully documented;if the equipment was owned by the Federal Arbitration&Mediation,Business Law,
Government,the recipient shall promptly notify the federal awarding agency. ,
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(5)Adequate maintenance procedures shall be implemented to keep the equipment in Planning.Landlord.Tenant,Probate,Real
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good condition. Atlanta,GA
(6)Where the recipient is authorized or required to sell the equipment,proper sales gold Badge
procedures shall be established which provide for competition to the extent practicable
and result in the highest possible return. r
(g)When the recipient no longer needs the equipment,the equipment may be used for lid
other activities in accordance with the following standards.For equipment with a current Angraw. Goldner
per unit fair market value of$5000 or more,the recipient may retain the equipment for
other uses provided that compensation is made to the original Federal awarding agency or Animal&Dog Law,Asbestos&
its successor.The amount of compensation shall be computed by applying the percentage Mesothelioma,Elder Law,Insurance Claims,
of Federal participation in the cost of the original project or program to the current fair Medical Malpractice,Nursing Home Abuse&
market value of the equipment.If the recipient has no need for the equipment,the Neglect,Personal Injury,Products Liability
recipient shall request disposition instructions from the Federal awarding agency.The Atlanta,GA
Federal awarding agency shall determine whether the equipment can be used to meet the gold Badge
agency's requirements.If no requirement exists within that agency,the availability of the
equipment shall be reported to the General Services Administration by the Federal
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awarding agency to determine whether a requirement for the equipment exists in other
Federal agencies.The Federal awarding agency shall issue instructions to the recipient no Daniel M.Klein
later than 120 calendar days after the recipient's request and the following procedures
shall govern. Arbitration&Mediation,Employment Law
Atlanta,GA
(1)If so Instructed or if disposition instructions are not issued within 120 calendar days
Atlanta,
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gold after the recipient's request, the recipient shall sell the equipment and reimburse the
Federal awarding agency an amount computed by applying to the sales proceeds the
percentage of Federal participation in the cost of the original project or program.
However,the recipient shall be permitted to deduct and retain from the Federal share
$500 or ten percent of the proceeds,whichever is less,for the recipient's selling and Amanda Emmons Persons
handling expenses.
Animal&Dog Law,Insurance Claims,
(2)If the recipient is instructed to ship the equipment elsewhere,the recipient shall be Medical Malpractice,Nursing Home Abuse&
reimbursed by the Federal Government by an amount which is computed by applying Neglect,Personal injury,Products Liability
the percentage of the recipient's participation in the cost of the original project or Marietta,GA
program to the current fair market value of the equipment,plus any reasonable gold Badge
shipping or interim storage costs incurred.
Seee.... ste Lawn is
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2 CFR 215.34 -Equipment. 1 Title 2- Grants and Agreements Code of Federal Regulatio... Page 3 of 3
(3)If the recipient is instructed to otherwise dispose of the equipment,the recipient
shall be reimbursed by the Federal awarding agency for such costs incurred in Its
disposition.
(4)The Federal awarding agency may reserve the right to transfer the title to the
Federal Government or to a third party named by the Federal Government when such
third party is otherwise eligible under existing statutes.Such transfer shall be subject
to the following standards.
(1)The equipment shall be appropriately identified in the award or otherwise made
known to the recipient In writing.
(if)The Federal awarding agency shall issue disposition instructions within 120
calendar days after receipt of a final inventory.The final inventory shall list all
equipment acquired with grant funds and federally-owned equipment.If the Federal
awarding agency fails to issue disposition instructions within the 1 20 calendar day
period,the recipient shall apply the standards of this section,as appropriate.
(ill)When the Federal awarding agency exercises Its right to take title,the equipment
shall be subject to the provisions for federally-owned equipment.
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Isles of Capri 3-Year Projected Budget
Expenses Budgeted FY 2014 Projected FY 2015 Projected FY 2016 Projected FY 2017
Description Budgeted FY 14 Projected FY 15 Projected FY 16 Projected FY 17 Assumptions
1.5%annual increase for Salaries&2.5%increase for
Total Personal Services $ 1,024,600 $ 1,043,300 S 1,060,400 5 1,077,800 health insurances
Total Operating Expense $ 227,600 $ 230,600 $ 198,400 $ 201,400 1.5%annual increase
Total Capital Outlay $ 5,100 $ 5,100 $ 5,100 $ 5,100 1.5%annual increase
Total Reserves $ (13,600) $ 49,500 $ 48,500 $ 49,300 Per Budget policy
Total Constitutional Officer Transfers $ 30,200 $ 30,600 $ 31,000 $ 31,400 2%annual increase
TOTAL EXPENSES $ 1,273,900 $ 1,359,100 $ 1,343,400 $ 1,365,000
Revenue Budgeted FY 2014 Projected FY 2015 Projected FY 2016 Projected FY 2017
Description Budgeted FY 14 Projected FY 15 Projected FY 16 Projected FY 17 Assumptions
Ad Valorem $ 1,029,400 $ 1,050,000 $ 1,071,000 $ 1,092,400 2%annual increase
Protective Inspection Fees $ 9,000 $ 9,200 $ 9,400 $ 9,600 2%annual increase
Miscellaneous Revenue $ 2,500 '$ 2,600 $ 2,700 $ 2,800 2%annual increase
Total Isles of Capri Fire District $ 1,040,900 $ 1,061,800 $ 1,083,100 $ 1,104,800
Carry Forward $ 212,600 $ - $ - $ - No Carryforward
Less 5%Required by Law $ (52,100) $ (53,100) $ (54,200) $ (55,200)5%
Total Reserves $ 160,500 5 (53,100) $ (54,200) $ (55,200)
Transfer from 148-Collier FD $ 58,400 $ 59,600 $ 60,800 $ 62,000 2%annual increase
Transfer from 490-EMS $ 3,000 $ 3,000 $ 3,000_$ 3,000 Static
Total Transfers $ 61,400 $ 62,600 $ 63,800 $ 65,000
Transfer from Property Appraiser $ 1,500 $ 1,500 $ 1,500 $ 1,500 2%annual increase
Transfer from Tax Collector $ 8,600 $ 8,800 $ 9,000 $ 9,200 2%annual increase
Total Transfers-Elected Officers $ 10,100 $ 10,300 $ 10,500 5 10,700
Investment Interest $ 1,000 I$ - I$ - I$ - 1/2%interest on Carryforward
Total Interest $ 1,000 $ - $ - $ -
TOTAL REVENUE $ 1,273,900 $ 1,081,600 $ 1,103,200 $ 1,125,300 I I
With Fiddler's Creek
Taxable Value $ 514,702,011 $ 524,996,100 $ 535,496,000 $ 546,205,900 2%Increase in FY 2015,FY 2016,FY 2017
Millage Rate 2.0000 2.0000 2.0000 2.0000
Ad Valorem Generated $ 1,029,400 $ 1,050,000 $ 1,071,000 $ 1,092,400
Revenue Shortage $ $ (277,500) $` (240,200) $ (239,700)
Ad Valorem Needed $ 1,029,400 $ 1,327,500 $ 1,311,200 $ 1,332,100
Millage decreases because Expenses increase at a lower
Revised Millage 2.0000 23286 2.4486 2.4389 rate(1.5%)than Revenue increase(2.0%)
Revised Ad Valorem $ 1,029,400 $ 1,327,500 $ 1,311,200 $ 1,332,100
2.0000 Mills 2.5286 Mills 2.4486 Mills 2.4389 Mills
Taxes on$100,000 Home $ 200 $ 253 $ 245 $ 244
Taxes on$250,000 Home $ 500 $ 632 $ 612 $ 610
Taxes on$500,000 Home $ 1,000 $ 1,264 $ 1,224 $ 1,219
Taxes on$750,000 Home $ 1,500 $ 1,896 $ 1,836 $ 1,829
Taxes on$1,000,000 Home $ 2,000 $ 2,529 $ 2,449 $ 2,439
Without Fiddler's Creek(Fiddler's Creek included in FY 2014)
Taxable value less Fiddler's Creek(12%)plus increase of
Taxable Value $ 514,702,011 $ 461,996,500 $ 471,236,400 $ 480,661,100 2%in FY 2015,FY 2016,FY 2017
Millage Rate 2.0000 2.0000 2.0000 2.0000
Ad Valorem Generated $ 1,029,400 $ 924,000 $ 942,500 $ 961,300
Revenue Shortage $ ;.$ '(397,200)1$ (362,200).5 (364,200)
Ad Valorem Needed $ 1,029,400 $ 1,321,200 $ 1,304,700 $ 1,325,500
Millage decreases because Expenses increase at a lower
Revised Millage 2.0000 2.8598 2.7686 2.7577 rate(1.5%)than Revenue increase(2.0%)
Revised Ad Valorem $ 1,029,400 $ 1,321,200 $ 1,304,700 $ 1,325,500
2.0000 Mills 2.8598 Mills 2.7686 Mills 2.7577 Mills
Taxes on$100,000 Home $ 200 $ 286 $ 277 $ 276
Taxes on$250,000 Home $ 500 $ 715 $ 692 $ 689
Taxes on$500,000 Home $ 1,000 $ 1,430 $ 1,384 $ 1,379
Taxes on$750,000 Home _$ 1,500 $ 2,145 $ 2,076 $ 2,068
Taxes on$1,000,000 Home $ 2,000 $ 2,860 $ 2,769 $ 2,758
Assumptions
Inflation projected at a rate of 1.5%each year for expenses
Health Insurance projected at 2.5%increase per year
Capital Outlay used is equal to FY 2014 which was reduced from original request due to insufficient revenue.Using FY 2014's taxable value,additional millage of 0.0572
would be needed for expenditures of$30,000,0.0934 for expenditures of$50,000,and 0.1832 for expenditures of$100,000 if additional capital outlay is required.
Taxable Value projected to grow at a rate of 2%per year
Expenses equal Revenue therefore no Carryforward projected and no interest would be earned
Fiddler's Creek projected to be 12%of taxable value
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