Backup Documents 06/24/2010 Budget
BCC
BUDGET
MEETING
BACKUP
DOCUMENTS
JUNE 24, 2010
FY 2011
Proposed Budget
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Collier County,
Florida
NOTICE OF PUBLIC MEETING
Notice is hereby given that the Board of County Commissioners of Collier County will
conduct Budget Workshops on Thursday, June 24, 2010 and Friday, June 25, 2010 if
necessary at 9:00 a.m. Workshops will be held in the Boardroom, 3'd Floor, W. Harmon
Turner Building, Collier County Government Center, 3301 East Tamiami Trail, Naples,
Florida to hear the following:
COLLIER COUNTY GOVERNMENT
BOARD OF COUNTY COMMISSIONERS
FY 2011 BUDGET WORKSHOP SCHEDULE
Thursday, June 24, 2010
9:00 a.m.: General Overview
Courts and Related Agencies (State Attorney and Public Defender)
Public Services
Administrative Services
Growth Management
Public Utilities
Debt Service
Management Offices (Pelican Bay)
County Attorney
BCC (Community Redevelopment Agencies, Airport)
1:00 p.m.: Constitutional Officers:
Elections
Sheriff
Clerk of Courts
Other Constitutional Officers requesting to address the BCC
Public Comment
Collier County
FY 20 I I
BCC Budget Workshop
Proposed FY 20 II Budget Highlights
· Net County Budget = $843,395,500
· Represents a 9.7% reduction from FY 20 I 0
($90,587,800).
o Operating - (5.3%)
o Capital- (19.7%)
· Continues trend of lower County budgets
over last 3 years.
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6/23/2010
1
Total County Budget Reduced
by $465 million in last 3 years.
Collier County Net Budget
$1.400 .~..~.----- ~a--~-~-- - -----~--...~-~---~
$1,189
$1 ,200 ~--_.-
$1,000 ~-
$800 -
.
c
~ $600 ~-
f $400 -
$200 ~
$0
2007
2008
2009
2010
2011
I~~
Proposed FY 20 II Budget Highlights
· No proposed increase in property tax
rates.
· No new service charges or user fees.
· No significant reductions in front line
services.
· No planned facility closures or reductions
in operating hours.
I~ '
__1tr Cownt;y I
6/23/2010
2
No planned layoffs or furloughs
· Funded FTE Positions in County Manager's
Agency down 4.2% from FY 20 I O.
· Funded FY 20 II Position count reduced 17.8%
from FY 2009 authorized levels (359 fewer
FTE)
· No expanded position requests in County
Manager's Agency in FY 20 II.
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FY 20 II Position Count Summary
, , ,
I-Y 09 (Fr,~,:(od) (F~,:,:,Od) (F~,:(:(ld) (f-~J:(:(\J) I (F~,:,;,I<l)
D,v,,,,,,, Authut",d Adu,',,] Fon< ,,( Cu",,,{ E~,~"d(d Tot..1 xeh", ~
CC),.,,-,,,",,c;,;'d~';';,~,) '_~'J",".~.'l_.,:.."
.~u~,~,~~~ _'," ,,_,
)'JIlQnt~~yTriislglflCM,c_,.
mmokaJee eRA
~'rVilthQf"
'.,.JJ.OO..,,_-,
14.00
",00
3.00
.11.00" .0.
23.00 .4.17
5.00,; 25.00
3.00 O.
CBB Fund.d Positions_Trans
j8_Fy~~;a',~~~([,~,,-.
nlltFundedP....ltlola-CDBG
~i'~~deci.ftl$~ip~;~:'
rantFund.dPo$ltion5-Svvfor
2,.()(L
1295
2.01L .2.1)1).,
12.?5. 14.85
2.00"
1<l.85
200
8.05
2.15
eniors 13_15 10.95 10.95 9.80 9.80 -10.
~_;~1~'t~lft~~~~~'i;~"'!ifiy~~';':f~~~J;-;'f:t:~t~!~i~mi~~H4#~~I~ft~1~Ji~:r_
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6/23/2010
3
Annual Debt Service fully funded
& compliant with BCC Debt
Management Policy
. Total annual general
governmental debt
service payments equal
$56.1 million.
13.00%
Ratio of General Governmental Debt to
Bondable Revenues
FY OS_~~~dited) - FY 10 (estimated)
9.75%
· Represents 9% of total
bondable general
governmental revenues,
well within 13% cap.
3.25%
FY05 FY06 FrO? FYOS FY09 FiIO
em
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General Fund Budget Highlights
· Proposed FY 20 II General Fund Budget =
General Fund ~ Total Budget
~.$.313,60 I ,900
-3~~.!r.'_",;,:';'
PI~,W~~~i~n
;t;~S2EL~,:~:.:...__
$400
$350
$300
$250~
$200r
$150
$100 I
$50"
$01--
PI' 07 FY 08 FY09 FY 10 FY II
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4
FY 20 II represents the fourth year
of taxable value reductions which
began in FY 2008.
Historical Changes in County-Wide
General Fund (00 I) Taxable Values
Historical Changes in MSTD Unincorporated
General Fund (III) Taxable Values
30.0% T25.4%
25.0%
20.0%
i ~~~5.~....n_..~............~
'~
F=...". ~= ---
2008 2009 2010
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Taxable Value History
.
Tax Year
General Fund
Taxable Values
MSTD
Umncorporated
General Fund
Taxable Values
.
2007 (FY 08) $82,542,090,227 $53,397,231,747
2008 (FY 09) $78,662,966,910 (4.7%) $50,860,023,424 (4.8%)
2009 (FY 10) $69,976,749,096 (11.0%) $44,314,951.279 (12.8%)
2010 (FY II) $61,502,523,957 (12.1%) $38,329,371,464 (13.5%)
(Preliminary)
Variance $21,039,566,270 (25.5%) $15,067,860,283 (28.2%)
FY08-FYII
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6/23/2010
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Millage Rate History
Property Tax Rates - General Fund
Property Tax: Rates - MSTD
Unincorporated General Fund
4.0000
15000
3.0000
2.5000
2.0000 +---
1.5000 t-
1.00001
0.5000 j
0.0000 -
FY07 FYOB FY09 FYIO FYII
3.5645 J.5645
09000 ' --------- ---------------
. ;0.8069
0.8000 -'-
0.7000
0.6000
0.5000
0.1000
0.3000 -t-
0.2000 -~
0.1000 -
0.0000 ~-
FYO? FYOS FY09 FY 10 FY It
-TT469--j:1469 -
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No proposed increase in General
Fund & Unincorporated MSTD
General Fund property tax rates.
. Average reduction of 12.1 % in County
portion of tax bill for Non-Homestead &
Commercial Properties
. Homestead property owners are likely to
see an average increase in their County
portion of the tax bill of 2.7% in
accordance with the State recapture
provision pursuant to Florida Statute
~=-"'YI 193.155
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Breakdown of Typical FY 20 II
Unincorporated Area Residential Tax Bill
v.,", Ap,';.,,' O'b/'
County MSTU's
9.0'll:
IndependentFi....
Control District
9.7'll:
Mos'luitoControl
0.7%
SFWMD/SCBB
3.9%
School8oard
45.9%
County Ge"eral Fund
13.4%
I~=-"<YI
:3
Breakdown of Typical FY 20 II
Unincorporated Area Residential Tax Bill
28.8%
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6/23/2010
General Fund Expenditure
reductions in FY 20 I 0
Reductions in expenses
Road Capital Fund 313
Storm Water Capital Fund 325
CountyWide Capital Fund 301
$15,646,700
$3,000,000
$5,019,300
[s~, Cou",;~1
FY 20 I I General Fund expenditures reduced
due to reduction in taxable values and
resulting loss in ad valorem revenue
Reductions in expenses (FY 20 II) in the
General Fund 00 I
Amount
Operating Department budgets
$5,123.400
$4,819,800
$4,260,400
$6,160,100
$7,910,400
Transfer to Transportation Capital Fund 313
Transfer to Storm Water Capital Fund 324/325
Transfer to General Government Capital/Debt Fund 30 I
Transfer to Constitutional Officers
FiscalYear Draw on Beginning FY 2011 Fund Balance
$3,682,800
I ~l' C<>unlOY i
p,
Unincorporated Area General
Fund Budget Highlights
· Proposed FY 20 I 1 Budget =
o $42,369, 100
o 16.7% Reduction from FY 20 I 0
· Reductions in MSTD Unincorporated
General Fund included:
o Cut operating expenses 5%
o Shifted funding ofTransportation Operations
to the General Fund (00 I)
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Ad Valorem Support for Road &
Bridge Operations Fund (10 I )
Transfers to Road & Bridge I I
Fund 101 ! FY 2010 FY 2011 %
General Fund (00 I)
Unincorporated Area MSTD General
Fund (III)
$7,935,400 $12,971,400
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FY 20 I I Revenues Sources
General Fund (00 I )
StateRevenueShuingl
7,048,500 \
2% \
\
I
\
\
SalesTu:
25,400,000
..
Intergovernm"ntal
Revenues
4,927,200
1%
Fine.,Permitli,________
Chug... ______
9,693,700 -~
"
lnter...t& Mi.c.___
1,58S,OOO
0.5%
Transfersfrom
ConsitutionaJOffk",n
6,150,000
2%
InterlundTranders
~dP..ymenu
8,760,900
"
Carryfotwud
44,31B,50{)
,..
!~=-"Q'I
General Fund Revenues
I
Ad Valorem FY 06 _ FYII
. Ad valorem revenues are
down $31,956,800 in FY
2011.
. FY 20 II Sales Tax
Collections will be slightly
higher than FY 20 I O.
. FY 20 I I State Shared
Revenues are estimated to
be 3% above 20 I 0 activity.
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,YOti FY07 FYOa ,CY09 FYIO FYII i
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10
Other Revenues ~
Gas Tax Revenues FY 05 - FY II
$21,--- ___H_.__
FY 20 II Gas Tax estimates are $18
. ~ $15
j $12
flat to FY 2010. f $9
..
$3
$0 ~ -,
. Impact Fees continue to drop. FYOSFY06FY07FY08FY09FYIOFYII
Since FY 2007 (peak),lmpact
Fee Revenues have dropped Impact Fee Revenues FY 06. FY II
""~
82%. l $~:: ' -.----.__ -.-
. FY 20 I 0 Interest Income is
substantially below FY 2009 $-.- ...~
FY06 FY 07 FYOS FY09 FY 10 FY II
activity and will remain low in
FY2011.
~T=-"<Y I
Areas of Concern
· Millage neutral budget achieved with heavy
reliance on reductions in nonrecurring
capital expenditures.
· Similar approach will not be available in
comparable scope and dollar volume in FY
2012 if taxable values continue to decline
and the BCC maintains millage neutral
guidance.
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6/23/2010
11
General Fund Reserves
· Still below budget policy level of 2.5%
of operating expenses.
· Trending in the right direction.
8.97%
e 1.94%
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Deferral of fixed asset preventive
maintenance and equipment
replacement
· Deferrals began 3 years ago.
. Manageable in FY 20 I I, but prolonged
deferrals likely to lead to significant
breakdowns and costly repairs over time.
. Need to monitor closely.
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6/23/2010
12
Base salary adjustments and merit
bonuses deferred for second
consecutive year
· Cost of living increases were not provided in
FY 20 I 0 nor proposed in FY 20 I I.
· Need to be in position to compete/retain best
talent when the market turns.
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