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Budget Overview - August 2013 handouts 8-1-138/2/2013 1 BudgetOverviewBudget Overview August 1, 2013 WorkshopScheduleWorkshop Schedule Workshop 1; August 1, 2013 Budget Overview ●Public Works ●Other Subjects as Time Available 8/2/2013 2 Utilities GeneralFundRevenuesGeneral Fund Revenues ●IT/Enterprise Software Upgrade ●Other Subjects as Time Available Police Department ●Half Cent Sales Tax Fund ●Employee Pay and Benefits ●Final Subjects Not Covered ●Commission Discussion Commission Discussion ●Final Amendments to Proposed Budget 8/2/2013 3 Property taxes $5.4 million in FY08 to $5.0 million in FY14 Intergovernmental revenues in General Fund $1.8 million in FY08 to $1.6 million in FY14 ●Pension costs increased from $767k FY08 to $1.579 million FY14 ●Health Insurance Costs $633k in FY 08, $854k in FY14 ●Transfers into General Fund $400k in FY08 to $1.0 million in FY14 Personnel Count FY08154FY 08 154 FY 13 149 FY 14 149 General Fund Capital $569k FY08 to $464k FY14 ●General Fund transfers to Stormwater Fund $460k FY08 to $0 FY14 ●Gas Tax Contribution to General Fund $0 FY08 to $73k FY14 8/2/2013 4 FY14 w/oFY14 Savings changes w/changes Pension DB Plan$1,700,539$1,533,680$166,859 PensionDCPlan $0 $55230 -$55230Pension DC Plan $0 $55,230 $55,230 Annual Leave Sell Back$129,180$0$129,180 Terminal Leave Sell BackNANA Reduction in Leave AccrualNANA Longevity Pay Elimination NANA _________ $240,809 Conservative Use of fund balances No fast economic recovery Otifdii25%►Operating fund reserves minimum 25% ●Long Term ►10-year plans for all operating funds ►Capital planning for water, sewer, storm water, parks projects ►Maintenance projects each year Reuse construction Marsh Master Plan Projects (multiple years) ParksMasterPlanParks Master Plan ●New sidewalk; Sturdivant Ave ●Storm Water Master Plan Projects (multiple year projects) ●Going paperless ●Video taping of meetings (done in FY 13 budget) 8/2/2013 5 Raises or pay plan adjustments Tipping fees (additional fees) ●Police Building ●Mayport Corridor business crosswalks, city limit signs, business incentives Revenues Expenses FY12$347million$300millionFY 12 $34.7 million $30.0 million FY 13 $27.7 million $26.3 million FY 14 $27.5 million $27.8 million