Revenue Projections. Ask Departments for requests

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Helena Henderson
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2 Revenue Projections Adjust Final Budget per City Commission s Direction Expenditure Projections Present Proposed Budget to City Commission Meet with City Leaders Determine Proposed Budget Formulate and present Five Year Forecast Ask Departments for requests

4 Separate fiscal and accounting entity, segregated for purposes of performing specific activities or restrictions Governments must comply with significant legal restrictions on the use of public resources Use of separate funds allows public officials to monitor and demonstrate compliance with these restrictions Over 90 funds 4

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6 Chief operating fund Used to account for all financial resources except those required to be accounted for in another fund General revenues included in this fund are property taxes, licenses/permits, charges for services, fines, utility taxes, GRU transfer, sales tax and state revenue sharing Expenditures included in this fund include all departments providing government services 6

7 FY17 General Fund $113M Transfers in 32.35% Taxes 37.73% Charges for Services 9.81% Intergovernmental 12.04% Misc 1.30% Fines and Forfeitures 1.30% Permits, Fees, Assessments 5.47%

8 Four revenue sources make up over 75% of General Fund revenue General Fund transfer Property tax Utility Tax Intergovernmental revenue 8

9 Proxy for what GRU would pay if they were private utility Property tax Franchise fee Return on investment to stockholders Single largest General Fund revenue source $35.8M Approximately 1/3 of total budget

10 Second largest General Fund revenue source at 23% of budget or $26.2M Gainesville faces unique challenges to ad valorem revenue generation High percentage of government and public education owned property creates tax base with the lowest percentage of taxable property in state

11 Millage Rate Tax rate set by the taxing authority each year Rate per $1,000 of taxable value FY16 rate is How is it determined? State Government establishes rules and sets cap (10 mills) Governing body sets millage rate (4.5079)

13 Taxable Value Determined by the Property Appraiser Various exemptions Up to $50,000 - Homestead Exemption $25,000 Senior Low Income Homestead Exemption $500 - Widows/Widowers, Disability and Blind Persons $5,000 - Veteran Disability Portability Ability of homeowners to transfer their Save Our Homes benefit up to $500,000 to a new homestead

Trend in Taxable Property Value (in billions) 6.00 5.80 5.60 5.

00 5.89 5.79 5.63 5.67 5.61 5.65 5.41 5.17 5.18 4.97 4.34 3.

14 Trend in Taxable Property Value (in billions) FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

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16 Includes Electric Gas Water Consumption per Customer Excludes Wastewater GRUCom Fuel Surcharges Number of Customers Base Rates 1 6

17 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 Budget

18 Account for 12% or $13.7M of revenue budget Half Cent Sales Tax and State Revenue Sharing is $11.0M Dramatically effected by recession FY09-FY13 are approximately $6.10M or 12.4% less than FY04-FY08 FY18 is when we return to same level as our peak in FY06 Recovery is beginning and projections include about 3% growth each year based on a combination of population growth and CPI growth

Property Size Fire Risk # FPU x $78 Implemented in

4 million in revenue each year Starting in FY16,

19 Property Size Fire Risk # FPU x $78 Implemented in FY11 and must be approved every year through separate resolution $78 per factored fire protection unit $5.4 million in revenue each year Starting in FY16, the City will pay the fire assessment on behalf of religious and charitable organizations ~ $120,000

21 General Government service delivery intensive organization Almost 60% of expenditures are personal services In FY17 added new programs and pilot programs into budget including: A. Quinn Jones Museum 352 Arts Programming Bike Share program Citizen Centered Gainesville Living Wage

22 FY2017 General Fund $116M Physical Environment 0.17% Transportation 10.33% Economic Environment 0.36% Public Safety 50.10% Human Services 0.02% Cultural & Recreation 7.05% General Government 16.31% Transfers/Cont %

23 General Government Legal, Financial, IT, Facilities Maintenance, etc Public Safety Police, Fire, Code Enforcement Physical Environment Cemetery Transportation Public Works Economic Environment Neighborhood Improvement, Economic Development Human Services Grants, Homelessness services Cultural & Recreation Transfers

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25 Accounts for proceeds of specific revenue sources that are legally restricted or committed to expenditures for specific purposes Grant proceeds Tax Increment Funds City Commission directed special projects 2 5

26 TIFs 52% FY17 Expenditure Budget $12.24M CDBG & HOME Funds 14% Cultural Affairs Fund 4% Police Billable CRA 11% OT 5% Misc Funds 12% Trust Funds 2% 2 6

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28 Used to account for the accumulation of resources for and the payment of principal and interest Meets current and future debt service requirements on long-term debt FY17 Adopted Budget includes $23.0M in debt service payments 2 8

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30 Accounts for financial resources for the acquisition or construction of major capital facilities and capital projects 3 0

31 FY17 Expenditure Budget $16.7M Public Safety 31% General Government 44% Transportation 13% Cultural & Recreation 5% Other 1% Transfers to other Funds 6% 3 1

32 3 2

33 Accounts used to report activities where a fee is charged to external users where that fee is intended to primarily cover the cost of providing that service Ironwood Solid Waste RTS Building Inspection Stormwater 3 3

34 Accounts used for activities that provide goods or services to other funds or departments of that government on a costreimbursement basis Fleet Management & Replacement General & Health Insurance 3 4

35 FY17 Expense Budget by Fund Internal Service Funds 46% Stormwater Management Utility 7% Ironwood 2% RTS 31% Florida Building Code Enf. 3% Solid Waste 11% 3 5

36 3 6

37 Used to report assets held in trustee or agency capacity for other and therefore cannot be used to support the government s own programs Pension Trust Funds Retiree Health Insurance Trust Fund FY17 Adopted Budget is $67.3M 3 7

38 Internal Service Fees 3% Fiduciary Fund Revenues 19% FY17 All Funds Revenue Sources by Category $353.5M Transfers in 20% Taxes 14% Miscellaneous Revenues 21% Permits, Fees, Assessments 3% Intergovernmenta l 6% Charges for Services 13% Fines and Forfeitures 1% 3 8

39 Transfers out 9.86% Miscellaneous 0.10% Internal Services 13.24% FY17 All Funds Expenses by Category $330.3M General Government Srvcs 24.43% Cultural & Recreation Human 3.34% ServicesTransportation Economic 0.24% 13.08% Environment 2.41% Public Safety 28.81% Physical Environment 4.49% 3 9

40 Budget & Financial documents online Financial & Operating Plans CAFRs Quarterly Financial Statements Capital Improvement Plans Open GNV

CITY OF GAINESVILLE. General Fund. Financial Plan for FY 2013 & FY 2014 With Comparative Data for Prior Two Years

CITY OF GAINESVILLE. General Fund. Financial Plan for FY 2013 & FY 2014 With Comparative Data for Prior Two Years SOURCES OF FUNDS: Revenues: Taxes $41,107,080 $41,306,447 $40,135,652 $40,454,509 $40,601,153 Licenses and Permits $784,536 $854,884 $777,146 $866,146 $923,869 Intergovernmental Revenue $10,395,839 $10,947,689