TABLE OF CONTENTS SECTION B - FY19 BUDGET SUMMARY

Transcription

1 TABLE OF CONTENTS SECTION B - FY19 BUDGET SUMMARY BUDGET SUMMARY TABLE OF CONTENTS PINELLAS COUNTY ORGANIZATION CHART...B-2 DESCRIPTION OF PINELLAS COUNTY GOVERNMENT...B-3 BUDGET AT A GLANCE...B-4 APPROPRIATIONS AND SOURCES...B-5 PROPERTY TAX RATES AND REVENUE...B-6 SOURCES AND USES GRAPHICS...B-7 SUMMARY OF BUDGETS FY19...B-8 APPROPRIATIONS BY FUNCTION AND ACTIVITY...B-9 OPERATING BUDGET COMPARISON...B-11 CAPITAL BUDGET COMPARISON...B-13 OPERATING AND CAPITAL SUMMARY...B-13 OPERATING AND CAPITAL GRAPHICS...B-14 RESOURCES AND BALANCES...B-15 TOTAL FUND BUDGETS...B-17 DEPARTMENT / AGENCY BUDGETS BY FUND TYPES...B-19 SUMMARY OF CHANGES IN FUND BALANCE...B-21 THREE-YEAR FINANCIAL SUMMARY...B-22 SCHEDULE OF BUDGET TRANSFERS...B-28 LONG-TERM DEBT STRUCTURE FOR PINELLAS COUNTY...B-29 DEBT SERVICE SUMMARY...B-30 PERSONNEL POSITION COMPARISON...B-33 PERSONNEL POSITION COMPARISON SUMMARY...B-34 ECONOMIC TRENDS AND MAJOR REVENUES...B-35 POPULATION...B-35 AVERAGE DAILY RATE......B-36 UNEMPLOYMENT STATISTICS...B-37 TOTAL LABOR FORCE...B-38 HOUSING UNITS PERMITTED...B-39 TAXABLE VALUE: NEW CONSTRUCTION...B-40 TAXABLE VALUE: COUNTYWIDE...B-41 COUNTYWIDE PROPERTY TAX COLLECTIONS AND MILLAGE RATES...B-42 TAXABLE VALUE: MSTU...B-43 MSTU PROPERTY TAX COLLECTIONS AND MILLAGE RATE......B-44 TAXABLE SALES...B-45 ½ CENT SALES TAX AND STATE REVENUE SHARING...B-46 PENNY FOR PINELLAS...B-47 LOCAL OPTION GAS TAX...B-48 TOURIST DEVELOPMENT TAX...B-49 GENERAL FUND BEGINNING FUND BALANCE...B-50 Pinellas County, Florida SECTION B - Table of Contents FY19 Adopted Budget

2 Government Organizational Chart Pinellas County, Florida B-2 FY19 Adopted Budget STATE ATTORNEY PUBLIC DEFENDER ASSISTANT COUNTY ADMINISTRATOR Lourdes Benedict Animal Services Emergency Management Human Services Consumer Protection Justice Coordination Veterans Services Marketing and Communications Safety and Emergency Services Ambulance Billing and Financial Services Emergency Medical Services and Fire Administration Radio and Technology Regional SHERIFF CIRCUIT & COUNTY COURT BUSINESS TECHNOLOGY SERVICES OFFICE OF HUMAN RIGHTS UNIFIED PERSONNEL SYSTEM SENIOR EXECUTIVE ASSISTANT Della Klug AGENDA COORDINATION ASSISTANT COUNTY ADMINISTRATOR Paul Sacco Convention & Visitors Bureau Management & Budget Office of Technology and Innovation Purchasing Real Estate Management Fleet STAR Center Risk Management CITIZENS BOARD OF COUNTY COMMISSIONERS COUNTY ADMINISTRATOR Mark S. Woodard CLERK OF THE CIRCUIT COURT COUNTY ATTORNEY Jewel White INTERGOVERNMENTAL RELATIONS Brian Lowack PROPERTY APPRAISER SPECIAL ASSISTANT TO THE COUNTY ADMINISTRATOR Canaan McCaslin ASSISTANT COUNTY ADMINISTRATOR Jake Stowers Airport Building Services Contractor Licensing Department Development Review Services (DRS) Code Enforcement Economic Development Planning Community Development WORKFORCE DEVELOPMENT LEGEND SUPERVISOR OF ELECTIONS ASSISTANT COUNTY ADMINISTRATOR Rahim Harji Parks & Conservation Resources Air Quality Extension Services Florida Botanical Gardens Heritage Village Parks Preserves Public Works Solid Waste Utilities DIRECT AUTHORITY COORDINATION RESPONSIBILITY TAX COLLECTOR Prepared by the Marketing & Communications Department

3 DESCRIPTION OF PINELLAS COUNTY GOVERNMENT Pinellas County was established in 1912 and is located at the approximate midpoint of the west coast of Florida, bounded on the east by Tampa Bay and on the west by the Gulf of Mexico. The County contains a total area of 439 square miles, of which approximately 280 square miles are land and the balance is water area. With a 2017 estimated permanent population of 962,003, Pinellas County ranks sixth in terms of county population. With the second smallest total land area, Pinellas County is the most densely populated county in Florida with 3,435 people per square land mile. There are 24 incorporated municipalities in Pinellas County. St. Petersburg is the largest city in the County with a 2017 estimated population of 263,769. Clearwater, the County seat, is the second largest city, with a 2017 estimated population of 113,723. Approximately 276,510 people reside within unincorporated Pinellas County. Seven-Member Commission Elected to Govern County Pinellas County is a political subdivision of the State of Florida. In October 1980, the voters approved a Home Rule Charter for Pinellas County. In accordance with this Charter, the Board of County Commissioners is the legislative body of county government responsible for the formulation of policy. The County Administrator, a professional appointed by the Board, and his staff are responsible for the implementation of those policies. On November 2, 1999, Pinellas County voters changed the composition of the Board from five at-large members to a seven member commission. Four of the members are elected from single member districts and three are elected at-large. Commissioners Serve on Other Boards The Board of County Commissioners also serves as the Emergency Medical Services Authority, Fire Protection Authority, Economic Development Authority, and Water and Navigation Authority. Individual board members serve on various other boards, authorities, and commissions, including: Tampa Bay Regional Planning Council, Tampa Bay Water, Business Technology Services Board, Forward Pinellas (Metropolitan Planning Organization), Pinellas County Cultural Council, Pinellas Suncoast Transit Authority, Election Canvassing Board, Juvenile Welfare Board, and the Tourist Development Council. Elected Officials Elected Officials include the Board of County Commissioners, the Judiciary, the State Attorney, Public Defender, and five Constitutional Officers: the Clerk of the Circuit Court, the Property Appraiser, the Sheriff, the Supervisor of Elections, and the Tax Collector. Constitutional Officers are elected to administer a specific function of County government and are directly accountable to the public for its proper operation. The Board funds all or, in some cases, a portion of the operating budgets of the Elected Officials. The Constitutional Officers maintain separate accounting systems and budgets. Other Government Agencies Based on the degree of budgetary authority, taxing authority, and reporting and alignments with independent boards/councils, several other governmental entities also have their budgets reviewed and approved by the Board of County Commissioners. These independent agencies include: Business Technology Services, Human Resources, and the Office of Human Rights. The budgets of these agencies and the Constitutional Officers, as well as the County portion of support for Courts, are included in this document. Role of the County Administrator In 1964, Pinellas was the first Florida County to adopt the Commission/Administrator form of Government. The County Administrator is appointed by the Board of County Commissioners and is responsible for carrying out the directives and policies of the Board. The County Administrator is also responsible for the management and supervision of all functions and personnel under the Board of County Commissioners in accordance with Section 4.01 of the Pinellas County Charter. Pinellas County, Florida B3 FY19 Adopted Budget

4 Budget FY2019 Adopted $2,356,421,730 Designated Funds 35% Fees & Charges 23% Anticipated County Resources (Including Fund Balances) Property Taxes 23% Other Revenues 13% Intergovernmental 6% $ Budget Money Pinellas County, Florida $ Money $ $ Major County Services Cost Summary (Including Reserves) Doing Things Dollars How Funding is Distributed (In Millions) Board of County Commissioners - Governmental and Enterprise Services $1,514.8M Others $474.0M Physical Environment.. 28% Public Safety % Governmental Support. 25% Transportation % Economic Environment..7% Human Services % Culture & Recreation.... 2% 20% Pinellas County is Doing Things for citizens every day through prudent management of the county budget. Constitutional Officers $367.7M 16% 64% Pinellas County Management & Budget (727) /18 Pinellas County, Florida B-4 FY19 Adopted Budget

5 PINELLAS COUNTY BUDGET FY19 ADOPTED $2,356,421,730 A P P R O P R I A T I O N S Board of County Commissioners $1, % Operating CIP Budget Summary Costs Costs * Board County Comm. $ 2.1 * County Attorney 5.3 * County Administrator: Enterprise Services (Self-supporting Services for Water, Sewer, Solid Waste and Airport) Governmental Services ( Parks, Road Maintenance, EMS, etc.) Total $1,047.7 $467.1 Physical Environment ORGANIZATION COST SUMMARY (In Millions) Constitutional Officers $ % Operating CIP Budget Summary Costs Costs * Clerk of the Court $ 12.6 * Property Appraiser 11.3 * Sheriff $ 13.2 * Supervisor of Elections 7.8 * Tax Collector 20.9 Total $354.5 $ 13.2 Others $ % Budget Summary Operating costs: $ CIP Costs: $ 27.7 Includes Independent and Special purpose agencies such as: * Court Support * General Government * Voted Fire Districts * Other Voted Districts * Unified Personnel System * Business Technology Services * Risk Management MAJOR COUNTY SERVICES COST SUMMARY (Including Reserves) Public Safety Governmental Support Transportation Economic Environment Human Services Culture & Recreation $ % $ % $ % $ % $ % $ % $ % S O U R C E S ANTICIPATED COUNTY RESOURCES (Including Fund Balances) Intergovernmental (including State & Federal) Fees & Charges Other Revenues Property Taxes $145.0 $546.9 $298.6 $ % 23.2% 12.7% 22.8% Examples: Examples: Examples: Major Millages: * State Revenue Sharing * Grants * State Gas Taxes * Enterprise Charges * Government Charges * Miscellaneous Fees * Local Option Taxes * Judgments, Fines, and Forfeitures * Interest and Rents * County-wide * Municipal Services * Library Cooperative Designated Funds $ % Examples: * Pay as you go Reserves * Reserve Fund Balance Pinellas County, Florida B-5 FY19 Adopted Budget

6 PROPERTY TAX RATES AND REVENUE FY18 FY19 Final Taxable Ad Valorem Estimated Taxable Ad Valorem Budgeted Tax Rate Value Calculated Revenue Tax Rate Value Calculated Revenue Countywide (Millage) of 1 96% (Millage) of 1 95% General Fund ,503, ,765, ,255, ,414, ,948, ,001,360 Special Revenue Health ,503,171 6,137,515 5,892, ,414,027 6,631,071 6,299,520 Emergency Medical Services ,872,953 63,073,851 60,550, ,779,071 68,482,673 65,058,540 Total B.C.C. Countywide n/a 456,977, ,698, n/a 494,062, ,359,420 Dependent MSTU Special Districts Municipal Service Taxing Unit ,775,565 39,160,196 37,202,200 Public Library Cooperative-MSTU ,807,710 5,403,855 5,187, ,463,749 5,731,874 5,445,290 Palm Harbor Rec. & Library Dst ,176,528 2,088,264 2,004, ,466,321 2,233,161 2,121,520 Feather Sound Community Svcs Dst* , , , , , ,580 East Lake Library Svcs District ,815, , , ,939, , ,060 East Lake Recreation Svcs District ,815, , , ,939, , ,060 Fire Protection Districts Belleair Bluffs , , , , , ,650 Clearwater ,092,045 3,504,592 3,364, ,168,318 3,749,366 3,561,900 Dunedin ,304 1,044,114 1,002, ,331 1,140,624 1,083,600 Gandy , , , , , ,840 High Point ,038 2,096,051 2,012, ,038 2,208,191 2,097,790 Largo ,542 2,216,810 2,128, ,841 2,413,724 2,293,040 Pinellas Park , , , , , ,750 Safety Harbor , , , , , ,410 Seminole ,810,382 5,503,009 5,282, ,998,511 5,871,385 5,577,820 South Pasadena , , , , , ,600 Tarpon Springs , , , , , ,010 Tierra Verde ,928 1,760,629 1,690, ,973 1,900,277 1,805,270 *The Feather Sound Community Services District has requested a millage rate of 0.7 mills, which is higher than the current 0.5 mills. The increased rate is subject to BCC approval in the FY19 budget adoption process. The FY19 Ad Valorem amounts for the General Fund have been adjusted to reflect the actual budgeted total. Property taxes, also known as, Ad Valorem (according to value) taxes, are assessed on real property and on tangible personal (business) property. The tax rate is expressed in mills. One mill is one dollar of taxes for each thousand dollars of taxable value. For example, a tax rate of 5.9 mills on a taxable value of $100,000 yields $590 in taxes. The taxable values as of January 1 are established annually by the County Property Appraiser and certified for budget purposes in June. Final taxable values are certified following the appeal and adjustment process. The FY18 final taxable value of one mill reflects post-value Adjustment Board values. Estimated revenue is calculated at 96% and represents the expected collection amounts for FY18 based on historical trends. The millage rate is approved annually by the Board of County Commissioners by resolution as part of the budget process. This process must follow the Truth in Millage (TRIM) law (Ch F.S.), regarding timing, advertisement, and conduct of public hearings. By Florida Law, local governments must budget at least 95% of the calculated revenue for property taxes. The difference from 100% allows for collection fees, discounts, and revenue that is not received during the fiscal year. Pinellas County, Florida B-6 FY19 Adopted Budget

7 SOURCES & USES FY19 Sources: $2,356,421,730 $536,839,680 Property Taxes 22.8% $546,910,080 Fees & Charges 23.2% $298,632,840 Other Revenues 12.7% $144,961,580 Intergovernmental 6.1% $829,077,550 Designated Funds 35.2% FY19 Uses: $2,356,421,730 $649,945,710 Physical Environment 27.6% $585,784,350 Public Safety 24.9% $230,471,430 Transportation 9.8% $588,908,480 Governmental Support 25.0% $75,826,350 Human Services 3.2% $48,617,650 Culture & Recreation 2.0% $176,867,760 Economic Environment 7.5% Pinellas County, Florida B-7 FY19 Adopted Budget

8 PINELLAS COUNTY SUMMARY OF BUDGETS - FISCAL YEAR 2019 General Special Debt Capital Internal County-wide Revenue Service Projects Enterprise Service TOTAL DESCRIPTION & MSTU Fund Funds Funds SOURCES Ad Valorem Taxes * 436,458, ,381, ,839,680 Sales and Use Taxes 8,571,860 80,915, ,563, ,051,460 Licenses and Permits 1,641,300 27,548, , ,304,980 Intergovernmental Revenue 92,535,750 30,040, ,829,900 1,555, ,961,580 Charges for Services 51,049,270 57,407, ,916, ,172, ,546,050 Fines & Forfeitures 994, , ,972,990 Miscellaneous Revenue 32,931,500 16,266, ,896,480 18,424,300 1,547,000 71,066,070 Internal Service Charges RECEIPTS (@ 95%) 624,182, ,538, ,290, ,011, ,719,830 1,508,742,810 Transfers In 0 5,343, ,077,780 93,777,940 2,000, ,199,580 Debt Proceeds Nonoperating Sources ,601, ,601,370 Balances Brought Forward 99,352, ,218, ,658, ,174, ,674, ,077,550 TOTAL 723,534, ,101, ,026, ,565, ,394,360 2,480,621,310 * Including Delinquent Taxes & Redemptions APPROPRIATIONS General Government 166,739,530 4,012, ,745,000 15,082, ,836, ,416,650 Public Safety 331,669, ,408, ,150, ,228,490 Physical Environment 10,774,320 26,709, ,165, ,436, ,085,060 Transportation 3,330 41,324, ,342,300 48,011, ,681,930 Economic Environment 22,997, ,283, ,250, ,531,220 Human Services 64,531,350 9,549, , ,631,210 Culture/Recreation 20,211,380 9,117, ,926, ,255,710 Transfers Out 11,074,230 17,478, ,869,170 93,777, ,199,580 Reserves 95,533, ,216, ,027, ,256, ,558, ,591,460 TOTAL 723,534, ,101, ,026, ,565, ,394,360 2,480,621,310 Total of All Budgets 2,480,621,310 Less Transfers (124,199,580) Total of All Budgets Net of Transfers 2,356,421,730 Pinellas County, Florida B-8 FY19 Adopted Budget

9 APPROPRIATIONS BY FUNCTION & ACTIVITY FY18 FY19 Change +/- % Revised Budget Adopted Court-Related Expenditures Court Administration - Circuit Juvenile 672, ,380 32,440 Court Administration - Probate 357, ,030 (1,680) Courthouse Facilities 6,345,000 27,675,000 21,330,000 Drug Court-Circuit Criminal 675, ,000 0 Guardian Ad Litem-Circuit Juvenile 38,350 43,410 5,060 Information Systems 7,623,850 8,059, ,860 Legal Aid 386, ,810 (12,880) Pre-Filing Alternative Dispute Resolution Programs 695, ,320 27,860 Public Defender Administration 1,051,720 1,074,960 23,240 Public Law Library 263, ,550 1,400 Trial Court Law Clerks/Legal Support 782, ,850 (38,420) Total Court-Related Expenditures 18,892,140 40,695,020 21,802, % Culture/Recreation Cultural Services 571, ,150 21,800 Libraries 6,937,220 7,367, ,880 Parks and Recreation 41,417,390 40,642,250 (775,140) Special Recreation Facilities 11,840 15,150 3,310 Total Culture/Recreation 48,937,800 48,617,650 (320,150) (0.7%) Economic Environment Employment Opportunity and Development 782, ,050 57,610 Housing and Urban Development 47,362,830 47,565, ,010 Industry Development 111,789, ,280,950 13,491,370 Other Economic Environment 5,222,000 2,482,100 (2,739,900) Veteran s Services 690, ,820 8,250 Total Economic Environment 165,847, ,867,760 11,020, % General Government Comprehensive Planning 5,696,720 5,911, ,560 Debt Service Payments 16,418,110 17,483,540 1,065,430 Executive 1,561,940 1,794, ,190 Financial and Administrative 69,526,010 75,688,400 6,162,390 Legal Counsel 5,103,030 5,285, ,170 Legislative 75,980,240 97,629,780 21,649,540 Non-Court Information Systems 64,727,770 79,522,590 14,794,820 Other General Governmental Services 259,289, ,898,540 5,609,310 Total General Government 498,303, ,213,460 49,910, % Human Services Health Services 53,916,730 54,286, ,260 Mental Health Services 5,703,630 6,178, ,680 Other Human Services 5,364,370 5,868, ,280 Public Assistance Services 9,285,450 9,492, ,950 Total Human Services 74,270,180 75,826,350 1,556, % Pinellas County, Florida B-9 FY19 Adopted Budget

10 APPROPRIATIONS BY FUNCTION & ACTIVITY FY18 FY19 Change +/- % Revised Budget Adopted Physical Environment Conservation and Resource Management 39,185,260 30,981,300 (8,203,960) Flood Control/Stormwater Management 47,719,040 46,488,880 (1,230,160) Garbage/Solid Waste Control Services 296,844, ,772,290 (25,072,240) Sewer/Wastewater Services 131,644, ,175,530 (10,468,570) Water Utility Services 158,474, ,527,710 21,052,940 Total Physical Environment 673,867, ,945,710 (23,921,990) (3.5%) Public Safety Ambulance and Rescue Services 146,859, ,650,630 7,791,440 Consumer Affairs 1,171,310 1,254,930 83,620 Detention and/or Correction 44,484,000 16,857,470 (27,626,530) Emergency and Disaster Relief Services 39,911,020 24,522,690 (15,388,330) Fire Control 32,129,170 37,633,510 5,504,340 Law Enforcement 291,563, ,830,530 11,266,810 Medical Examiners 6,482,390 6,515,430 33,040 Other Public Safety 7,613,630 29,165,020 21,551,390 Protective Inspections 15,545,990 12,354,140 (3,191,850) Total Public Safety 585,760, ,784,350 23, % Transportation Airports 67,663,180 70,588,790 2,925,610 Road and Street Facilities 175,078, ,882,640 (15,195,920) Total Transportation 242,741, ,471,430 (12,270,310) (5.1%) Total all Functions & Activities 2,308,620,450 2,356,421,730 47,801, % Pinellas County, Florida B-10 FY19 Adopted Budget

11 Board of County Commissioners OPERATING BUDGET COMPARISON FY18 FY19 Change Adopted Board of County Commissioners 1,870,410 2,096, , % County Attorney 5,103,030 5,285, , % County Administrator - Governmental County Administrator 1,816,890 2,373, ,120 Animal Services 5,755,850 6,187, ,280 Asset Management 0 1,134,500 1,134,500 Building Services 11,651,800 8,636,820 (3,014,980) Contractor Licensing Department 1,726,050 1,464,820 (261,230) Convention & Visitors Bureau 101,730,930 97,034,700 (4,696,230) Development Review Services 4,910,230 4,769,160 (141,070) Economic Development 3,107,580 3,078,910 (28,670) Emergency Management 1,356,290 1,531, ,470 Human Services 69,147,340 66,289,770 (2,857,570) Management and Budget 4,306,050 4,202,750 (103,300) Marketing & Communications 2,900,810 2,894,260 (6,550) Parks and Conservation Resources 24,349,800 24,988, ,370 Planning 29,495,120 28,216,550 (1,278,570) Public Works 104,607,860 94,145,620 (10,462,240) Purchasing 1,898,070 2,131, ,940 Real Estate Management 65,495,340 68,527,250 3,031,910 Risk Financing Administration 10,276,160 11,296,530 1,020,370 Safety & Emergency Services 171,023, ,620,830 8,597,670 Technology and Innovation 10,764,510 19,398,840 8,634,330 Total County Administrator Governmental 626,319, ,922,390 1,602, % County Administrator - Enterprise Airport 35,851,980 37,136,370 1,284,390 Sewer System 86,495,800 89,994,020 3,498,220 Solid Waste Management 172,700, ,648,550 10,948,530 Water System 96,664, ,640,760 4,976,530 Total County Administrator - Enterprise 391,712, ,419,700 20,707, % Total County Administrator 1,018,031,870 1,040,342,090 22,310, % Total Board of County Commissioners 1,025,005,310 1,047,723,970 22,718, % Pinellas County, Florida B-11 FY19 Adopted Budget

12 OPERATING BUDGET COMPARISON FY18 FY19 Change Adopted Constitutional Officers Clerk of the Circuit Court 11,907,350 12,620, ,350 Property Appraiser 10,981,290 11,294, ,190 Sheriff 289,524, ,876,400 12,351,640 Supervisor of Elections 7,523,510 7,789, ,620 Tax Collector 20,673,200 20,936, ,230 Total Constitutional Officers 340,610, ,517,140 13,907, % Other Court Support Services Criminal Justice Information System 4,541,990 4,280,450 (261,540) Judiciary (including Law Libraries) 4,445,020 4,609, ,380 Public Defender 1,200,020 1,299,020 99,000 State Attorney 311, ,250 12,680 Total Court Support Services 10,498,600 10,513,120 14, % Independent Agencies Business Technology Services 40,452,560 40,273,480 (179,080) Human Resources 4,404,500 4,360,540 (43,960) Office of Human Rights 1,168,280 1,198,570 30,290 Total Independent Agencies 46,025,340 45,832,590 (192,750) (0.4%) Support Funding Drug Abuse Trust 116, ,790 (9,170) East Lake Library Services District 718, ,740 30,910 East Lake Recreation Services District 718, ,660 30,910 Employee Health Benefits 125,640, ,863,900 12,223,550 Feather Sound Community Services District 308, ,750 (24,520) Fire Protection Districts 31,693,770 36,713,640 5,019,870 General Government 134,899, ,513,600 15,614,210 Health Department 6,147,110 7,628,200 1,481,090 Lealman CRA Trust 625,550 1,239, ,090 Lealman Solid Waste Collection and Disposal 1,754,970 1,787,850 32,880 Medical Examiner 6,390,560 6,219,270 (171,290) Palm Harbor Community Services District 2,137,020 2,276, ,500 Public Library Cooperative 5,356,320 5,695, ,750 Risk Financing Liability/Workers Compensation 33,941,960 36,644,100 2,702,140 Street Lighting Districts 1,380,520 1,468,780 88,260 Total Support Funding 351,830, ,941,510 38,111, % Total Other 408,354, ,287,220 37,932, % TOTAL OPERATING BUDGET 1,773,969,690 1,848,528,330 74,558, % Pinellas County, Florida B-12 FY19 Adopted Budget

13 CAPITAL BUDGET COMPARISON FY18 FY19 Change +/- Adopted Board of County Commissioners County Administrator - Governmental Physical Environment 47,513,370 38,665,000 (8,848,370) Culture & Recreation 13,577,750 28,071,900 14,494,150 Economic Environment 470, , ,000 General Government 20,524,000 8,070,000 (12,454,000) Human Services 6,781,300 5,800,000 (981,300) Public Safety 3,353,000 25,985,000 22,632,000 Transportation 90,623,690 89,498,300 (1,125,390) Reserves 28,554,710 24,027,840 (4,526,870) Other Non Project Items 9,900 75,000 65,100 Total County Administrator - Governmental 211,407, ,918,040 9,510, % County Administrator - Enterprise Airport 31,811,200 33,393,550 1,582,350 Solid Waste Management 122,415,540 86,304,100 (36,111,440) Water System 61,810,540 77,814,230 16,003,690 Sewer System 60,978,760 48,623,480 (12,355,280) Total County Administrator - Enterprise 277,016, ,135,360 (30,880,680) (11.1%) Total Board of County Commissioners 488,423, ,053,400 (21,370,360) (4.4%) Courts & Jail Courts & Jail - General Government Services 6,345,000 27,675,000 21,330,000 Courts & Jail - Public Safety 39,882,000 13,165,000 (26,717,000) Total Courts & Jail 46,227,000 40,840,000 (5,387,000) (11.7%) TOTAL CAPITAL 534,650, ,893,400 (26,757,360) (5.0%) OPERATING & CAPITAL SUMMARY FY18 FY19 Change +/- Adopted Board of County Commissioners - Governmental 844,701, ,222,310 11,521, % Board of County Commissioners - Enterprise 668,728, ,555,060 (10,173,010) (1.5%) Constitutional Officers * 380,492, ,682,140 (12,809,970) (3.4%) Court Support Services * 16,843,600 38,188,120 21,344, % Independent Agencies 46,025,340 45,832,590 (192,750) (0.4%) Support Funding 351,830, ,941,510 38,111, % TOTAL OPERATING & CAPITAL 2,308,620,450 2,356,421,730 47,801, % * Constitutional Officers includes Courts & Jail (Public Safety) capital. Court Support includes Courts & Jail (General Government Services) capital. Pinellas County, Florida B-13 FY19 Adopted Budget

14 OPERATING AND CAPITAL $700 $600 Operating Budget Comparison (shown in millions) $633.3 $635.3 FY18 FY19 $500 $400 $391.7 $412.4 $340.6 $ ,373,700 $351.8 $389.9 $300 $200 $100 $- $10.5 $10.5 $46.0 $45.8 Board of County Commissioners Governmental Board of County Commissioners Enterprise Constitutional Officers Court Support Services Independent Agencies Support Funding FY19 Capital 246,135,360.0 Projects (shown in millions) General Government $8.1 Public Safety $26.0 Transportation $89.5 Other $6.6 Culture & Recreation $28.1 Courts & Jail $40.8 Physical Environment $38.7 Reserves $24.0 Note: "Other" includes Economic Environment and Human Services. Enterprise $246.1 Pinellas County, Florida B-14 FY19 Adopted Budget

15 Pinellas County Resources and Balances Title FY18 Budget FY19 Budget Change +/- % Taxes Ad Valorem Taxes 498,021, ,839,680 38,818, % Communication Svcs 8,660,760 8,571,860 (88,900) (1.0)% Local Business Taxes 712, ,360 42, % Sales,Use&Fuel Taxes 167,546, ,724,240 10,177, % Taxes Total 674,940, ,891,140 48,950, % License and Permits Licenses 62,920 59,770 (3,150) (5.0)% Permits,Fees,Spec Assessments 29,643,670 29,245,210 (398,460) (1.3)% License and Permits Total 29,706,590 29,304,980 (401,610) (1.4)% Intergovernmental Revenue Federal Grants 23,573,650 39,579,940 16,006, % Grants from Local Governments 4,375,470 6,726,520 2,351, % Shared Revenue-Local 623, , State Grants 26,921,370 15,746,520 (11,174,850) (41.5)% State Share Revenue 82,755,690 82,285,400 (470,290) (0.6)% Intergovernmental Revenue Total 138,249, ,961,580 6,712, % Charges for Services Charges for Svc-Gen Govt 2,831,750 1,540,900 (1,290,850) (45.6)% Chg for Svc-Culture/Recreation 5,585,130 5,586,600 1, % Chg for Svc-Economic Environment 42,750 38,000 (4,750) (11.1)% Chg for Svc-Gen Govt 668, ,480 (50,310) (7.5)% Chg for Svc-Human Svc 2,748,900 3,411, , % Chg for Svc-Other 12,706,270 13,022, , % Chg for Svc-Physical Environment 258,703, ,131,030 12,427, % Chg for Svc-Public Safety 85,505,840 89,166,050 3,660, % Chg for Svc-Transportation 3,480,970 4,018, , % Court Related Revenue 4,129,950 4,016,710 (113,240) (2.7)% Internal Svc Chgs 128,981, ,995,020 16,013, % Charges for Services Total 505,384, ,546,050 32,161, % Excess Fees - Constitutional Officers County Officer Fees 10,112,590 9,364,030 (748,560) (7.4)% Excess Fees - Constitutional Officers Total 10,112,590 9,364,030 (748,560) (7.4)% Fines and Forfeitures Judgements and Fines 2,206,770 1,972,990 (233,780) (10.6)% Fines and Forfeitures Total 2,206,770 1,972,990 (233,780) (10.6)% Interest & Other Earnings 11,603,350 10,563,610 (1,039,740) (9.0)% Pinellas County, Florida B-15 FY19 Adopted Budget

16 Title Pinellas County Resources and Balances FY18 Budget FY19 Budget Change +/- % Interest Earnings Total 11,603,350 10,563,610 (1,039,740) (9.0)% Rents, Surplus and Refunds Contributions-Private Sources 2,813,990 1,474,880 (1,339,110) (47.6)% Rents & Royalties 14,950,530 17,756,660 2,806, % Sale & Disp of Assets 552, ,800 79, % Sales of Surplus Materials 607, ,580 (104,080) (17.1)% Rents, Surplus and Refunds Total 18,925,080 20,367,920 1,442, % Other Misc. Revenue Other Miscellaneous Revenues 28,292,460 30,770,510 2,478, % Other Misc. Revenue Total 28,292,460 30,770,510 2,478, % Debt Proceeds Debt Proceeds 500,000 0 (500,000) (100.0)% Debt Proceeds Total 500,000 0 (500,000) (100.0)% Non-Operating Revenue Capital Contribution-Federal 9,451,600 10,620,140 1,168, % Capital Contribution-Other 3,800,000 3,964, , % Capital Contribution-Private 3,258,500 1,653,260 (1,605,240) (49.3)% Capital Contribution-State 1,735,600 2,276, , % Grants&Donations-Federal 94,560 87,600 (6,960) (7.4)% Non-Operating Revenue Total 18,340,260 18,601, , % Beginning Fund Balance O FB-Unrsv-Cntywide-Beg 730,667, ,271,170 (30,396,150) (4.2)% O FB-Unrsv-Mstu-Beg 173,590 0 (173,590) (100.0)% O Fund Balance-Restricted 29,087,720 26,850,420 (2,237,300) (7.7)% O Fund Balance-Committed 1,298,140 2,603,820 1,305, % O Fund Balance-Unassigned 109,131,440 99,352,140 (9,779,300) (9.0)% Beginning Fund Balance Total 870,358, ,077,550 (41,280,660) (4.7)% Report Total 2,308,620,450 2,356,421,730 47,801, % B-16 FY19 Adopted Budget

17 Total Fund Budgets FUND FY18 Budget FY19 Request Change +/- % GENERAL FUND 690,734, ,534,640 32,799, % SPECIAL REVENUE FUNDS County Transportation Trust 64,012,960 64,316, , % Health Department 6,147,110 7,628,200 1,481, % Pinellas County Health Program 2,696,300 2,650,000 (46,300) (1.7)% Emergency Medical Service 148,658, ,588,330 7,930, % Community Development Grant 15,553,540 16,721,110 1,167, % State Housing Initiatives Partnership (SHIP) 9,650,710 6,530,940 (3,119,770) (32.3)% Gifts for Animal Welfare Trust 506, ,290 54, % Tree Bank 115, , , % Public Library Cooperative 5,356,320 5,695, , % School Crossing Guard Trust 101, ,020 (1,760) (1.7)% Intergovernmental Radio Communication 761, ,180 10, % STAR Center 8,171,820 9,733,680 1,561, % Emergency Communications 911 System 11,908,690 13,103,490 1,194, % Community Housing Trust 1,378,180 1,926, , % Building Services 11,800,250 8,742,220 (3,058,030) (25.9)% Tourist Development Tax 106,390, ,362,940 11,972, % Fire Districts 31,693,770 36,713,640 5,019, % Construction Licensing Board 1,726,050 1,464,820 (261,230) (15.1)% Air Quality - Tag Fee 2,185,390 2,067,660 (117,730) (5.4)% Palm Harbor Community Services District 2,137,020 2,276, , % Feather Sound Community Services District 308, ,750 (24,520) (8.0)% East Lake Library Services District 718, ,740 30, % East Lake Recreation Services District 718, ,660 30, % Drug Abuse Trust 116, ,790 (9,170) (7.8)% Lealman Community Redevelopment Area Trust 625,550 1,239, , % Street Lighting District 1,380,520 1,468,780 88, % Lealman Solid Waste Collection & Disposal District 1,754,970 1,787,850 32, % Surface Water Utility Fund 30,003,290 28,526,030 (1,477,260) (4.9)% Subtotal 466,580, ,101,070 24,521, % Pinellas County, Florida B-17 FY19 Adopted Budget

18 Total Fund Budgets FUND FY18 Budget FY19 Request Change +/- % CAPITAL IMPROVEMENT FUNDS Capital Projects 253,604, ,082,040 (11,522,780) (4.5)% Multimodal Impact Fees 1,236,130 1,944, , % Subtotal 254,840, ,026,210 (10,814,740) (4.2)% INTERNAL SERVICE FUNDS Business Technology Services 51,217,070 59,672,320 8,455, % Fleet Management 23,078,170 23,917, , % Risk Financing 44,218,120 47,940,630 3,722, % Employee Health Benefits 125,640, ,863,900 12,223, % Subtotal 244,153, ,394,360 25,240, % ENTERPRISE FUNDS Airport Funds 68,613,180 70,588,790 1,975, % Water Funds 180,640, ,521,020 24,880, % Sewer Funds 183,426, ,443,700 (6,982,310) (3.8)% Solid Waste Funds 325,115, ,011,520 (25,104,040) (7.7)% Subtotal 757,795, ,565,030 (5,230,030) (0.7)% Total Budget All Funds 2,414,104,680 2,480,621,310 66,516, % less Budgeted Transfers (105,484,230) (124,199,580) (18,715,350) 17.7% TOTAL NET BUDGET FOR ALL FUNDS 2,308,620,450 2,356,421,730 47,801, % Pinellas County, Florida B-18 FY19 Adopted Budget

19 FY19 DEPARTMENT / AGENCY BUDGETS: BY FUND TYPES Department / Agency General Fund Special Revenue Funds Enterprise / Other Funds Internal Service Funds Total Board of County Commissioners Board of County Commissioners (Section C) County Attorney 5,285, ,285,200 Board of County Commissioners 2,096, ,096,680 Total 7,381, ,381,880 County Administrator Departments (Section D) County Administrator 1,794, , , ,373,010 Airport ,529, ,529,920 Animal Services 5,625, , ,187,130 Building Services 0 8,636, ,636,820 Contractor Licensing Department 0 1,464, ,464,820 Convention & Visitors Bureau 0 118,362, ,362,940 Development Review Services 4,769, ,769,160 Economic Development 3,078, ,078,910 Emergency Management 1,531, ,531,760 Human Services 63,639,770 2,650, ,289,770 Marketing and Communications 2,894, ,894,260 Office of Asset Management 1,134, ,134,500 Office of Management & Budget 4,202, ,202,750 Office of Technology and Innovation ,398,840 19,398,840 Parks & Conservation Resources 22,687,540 2,300, ,988,170 Planning 3,238,220 25,178, ,416,550 Public Works 16,220,240 92,751, ,971,620 Purchasing 2,131, ,131,010 Real Estate Management 35,601,060 9,733, ,917,510 69,252,250 Risk Management Administration ,296,530 11,296,530 Safety and Emergency Services 9,307, ,313, ,620,830 Solid Waste ,972, ,972,620 Utilities ,298, ,298,940 Utilities and Solid Waste Capital ,531, ,531,520 Total 177,856, ,300, ,565,030 54,612,880 1,417,334,630 Constitutional Officers (Section E) Clerk of the Circuit Court and Comptroller 12,620, ,620,700 Property Appraiser 11,294, ,294,480 Sheriff 301,776, , ,876,400 Supervisor of Elections 7,789, ,789,130 Tax Collector 20,936, ,936,430 Total 354,417, , ,517,140 Pinellas County, Florida B-19 FY19 Adopted Budget

20 FY19 DEPARTMENT / AGENCY BUDGETS: BY FUND TYPES Department / Agency General Fund Special Revenue Funds Enterprise / Other Funds Internal Service Funds Total Other Departments and Agencies Court Support Services (Section F) Consolidated Case Management System 4,280, ,280,450 Judiciary 4,609, ,609,400 Public Defender 1,299, ,299,020 State Attorney 324, ,250 Total 10,513, ,513,120 Independent Agencies (Section G) Business Technology Services ,273,480 40,273,480 Human Resources 4,360, ,360,540 Office of Human Rights 1,198, ,198,570 Total 5,559, ,273,480 45,832,590 Support Funding (Section H) Drug Abuse Trust Fund 0 107, ,790 East Lake Library District 0 749, ,740 East Lake Recreation District 0 749, ,660 Employee Health Benefits ,863, ,863,900 Feather Sound Community Services District 0 283, ,750 Fire Protection Districts 0 36,713, ,713,640 Health Department 0 7,628, ,628,200 Lealman CRA Trust 0 1,239, ,239,640 Lealman Solid Waste 0 1,787, ,787,850 Medical Examiner 6,219, ,219,270 Palm Harbor Community Services District 0 2,276, ,276,520 Public Library Cooperative 0 5,695, ,695,070 Risk Management Liability / Workers Compensation ,644,100 36,644,100 Street Lighting Districts 0 1,468, ,468,780 Total 167,807,100 58,700, ,508, ,015,740 Governmental Capital (Section I) ,026, ,026,210 Grand Total 723,534, ,101, ,591, ,394,360 2,480,621,310 Pinellas County, Florida B-20 FY19 Adopted Budget

21 PINELLAS COUNTY - GOVERNMENTAL FUNDS CHANGES IN FUND BALANCE - BUDGET FY19 Major Governmental Funds General Fund Capital (0001) Projects Fund (3001) Other Non-Major Governmental Funds Total Governmental Funds Total Revenues & Other Sources 624,182, ,368, ,882,660 1,086,433,270 Total Expenditures & Other Uses 628,001, ,054, ,121,050 1,229,176,790 Revenues & Other Sources over (under) Expenditures & Other Uses (3,819,040) (74,686,090) (64,238,390) (142,743,520) Beginning Fund Balance - October 1, ,352,140 98,713, ,454, ,520,610 Ending Fund Balance - September 30, ,533,100 24,027, ,216, ,777,090 Increase (decline) % vs Beginning Fund Balance -3.8% -75.7% -37.0% -38.4% (a) (b) (c) Notes: Per Florida Statutes (2)(a), ad valorem revenues are budgeted based on 95% of taxable value. Per Florida Statutes (b), other revenues are budgeted at 95% of estimate. Ending Fund Balances are reflected as "reserves" in individual fund summaries. Constitutional Officers' Operating Funds, included in CAFR summaries, are not appropriated BCC Funds. EXPLANATION OF VARIANCES: a) The budgeted General Fund balance decrease reflects revenue assumptions as noted above. The anticipated actual decrease in reserves is approximately $3.8M, or 3.8%, due to non-recurring expenditures. The remaining fund balance is expected to exceed the policy target of 15% of total revenues. Recurring revenues are projected to balance with recurring expenditures (see General Fund forecast in the Budget Message). b) The Capital Projects Fund budget reflects revenue budgeted at 95% of estimate. The actual ending fund balance is expected to be approximately $74.7M lower than the beginning fund balance due to timing of nonrecurring project expenditures supported by funds accumulated in prior fiscal years. c) Other Governmental Funds reflect revenue assumptions as noted above. The overall budgeted reduction in fund balance is $64.2M. This is mainly attributed to the declines of: $21.1M in the County Transporation Trust Fund to realign fund balance in support of transportation priorities; $9.3M in the Community Development and SHIP Funds, which appropriate all anticipated resources; and $4.1M in the Emergency Medical Services Fund for increases in recurring contracts. The Emergency Communciations 911 System Fund is decreasing $1.7M as the result of a necessary increase in staffing of telecommunicators, and the Building Services Fund balance is budgeted to decrease by $2.2M for costs associated with the new Accela software. Additionally, the Tourist Development Tax fund balance is decreasing by $17.1M due to increases in marketing expenditures, and the Surface Water fund balance is decreasing $4.5M to support additional resources for drainage and pipe maintenance. The projected ending balances for all funds will be within acceptable policy limits. Pinellas County, Florida B-21 FY19 Adopted Budget

22 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY This exhibit is a summary of resources and requirements for Fiscal Years 2017 through The first table includes totals for all funds. The following four tables present the three funds or fund groups which represent 10% or more of the total budget, followed by a combined summary of all other funds. Under Actual FY17 Requirements, "Reserves" represent ending fund balances, including year-end adjustments. This differs from the summaries in the Fund Resources section of this document, which show only actual expenditures in the FY17 Requirements column. FY18 and FY19 Revenues are budgeted at 95% of estimated amounts per Florida Statutes. Ad valorem revenue is budgeted assuming a 95% collection rate per Florida Statutes; the actual collection rate has generally been 96% or greater. FY18 is the Revised Budget as of May 31, RESOURCES TOTAL - ALL FUNDS FY17 Actual FY18 Budget FY19 Budget Beginning Fund Balance 940,528, ,358, ,077,550 REVENUE Taxes 645,689, ,940, ,891,140 Licenses and Permits 32,045,058 29,706,590 29,304,980 Intergovernmental Revenue 104,299, ,249, ,961,580 Charges for Services 503,934, ,384, ,546,050 Excess Fees - Constitutional Officers 11,356,731 10,112,590 9,364,030 Fines and Forfeitures 1,931,511 2,206,770 1,972,990 Interest Earnings 7,844,912 11,603,350 10,563,610 Rents, Surplus and Refunds 35,563,572 18,925,080 20,367,920 Other Misc Revenue 28,633,844 28,292,460 30,770,510 Transfers From Other Funds 107,576, ,484, ,199,580 Debt Proceeds_ 0 500,000 0 Non-Operating Revenue Sources 14,310,355 18,340,260 18,601,370 TOTAL REVENUE 1,493,187,031 1,543,746,470 1,651,543,760 TOTAL RESOURCES 2,433,715,625 2,414,104,680 2,480,621,310 Pinellas County, Florida B-22 FY19 Adopted Budget

23 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY TOTAL - ALL FUNDS FY17 Actual FY18 Budget FY19 Budget REQUIREMENTS EXPENDITURES Personal Services 236,985, ,046, ,170,370 Operating Expenses 418,544, ,237, ,884,650 Capital Outlay 247,230, ,095, ,371,490 Debt Service Exp 14,170,790 15,231,790 15,187,830 Grants and Aids 139,755, ,377, ,157,190 Transfers to Other Funds 107,576, ,484, ,199,580 Pro Rate Clearing (404,872) (496,350) (381,330) Constitutional Officers Transfers 334,313, ,284, ,440,070 TOTAL EXPENDITURES 1,498,171,529 1,815,260,820 1,857,029,850 RESERVES 0 598,843, ,591,460 TOTAL REQUIREMENTS 1,498,171,529 2,414,104,680 2,480,621,310 Reconciliation with Budget: Total All Funds 1,498,171,529 2,414,104,680 2,480,621,310 less Transfers (107,576,585) (105,484,230) (124,199,580) Total All Funds Net of Transfers 1,390,594,945 2,308,620,450 2,356,421,730 Pinellas County, Florida B-23 FY19 Adopted Budget

24 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY The General Fund accounts for all financial transactions except those required to be accounted for in other funds. The fund's resources, ad valorem taxes, and other revenues provide services or benefits to all residents of Pinellas County, as well as specific revenues and expenditures for the unincorporated area also known as the Countywide Municipal Services Taxing Unit (MSTU). General Funds FY17 Actual FY18 Budget FY19 Budget RESOURCES Beginning Fund Balance 123,924, ,664,990 99,352,140 REVENUE Taxes 391,228, ,948, ,030,420 Licenses and Permits 1,615,462 1,554,620 1,641,300 Intergovernmental Revenue 74,467,754 81,794,510 92,535,750 Charges for Services 48,218,321 50,248,630 51,049,270 Excess Fees - Constitutional Officers 10,665,218 9,343,210 8,659,270 Fines and Forfeitures 893,970 1,325, ,260 Interest Earnings 1,515,103 2,315,000 1,399,990 Rents, Surplus and Refunds 2,646,524 1,524,900 1,470,180 Other Misc Revenue 18,244,879 19,015,280 21,402,060 Transfers From Other Funds 5,402, TOTAL REVENUE 554,898, ,069, ,182,500 TOTAL RESOURCES 678,822, ,734, ,534,640 REQUIREMENTS EXPENDITURES Personal Services 76,883,273 87,209,060 89,813,190 Operating Expenses 121,527, ,142, ,444,010 Capital Outlay 1,927,464 4,695,830 4,025,480 Grants and Aids 22,719,433 27,275,800 28,227,510 Transfers to Other Funds 8,389,120 8,793,990 11,074,230 Constitutional Officers Transfers 330,933, ,508, ,417,120 TOTAL EXPENDITURES 562,380, ,625, ,001,540 RESERVES 0 74,109,830 95,533,100 TOTAL REQUIREMENTS 562,380, ,734, ,534,640 Pinellas County, Florida B-24 FY19 Adopted Budget

25 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY Enterprise Funds are financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. These funds account for operations and capital projects for the Utilities (Water and Sewer) and Solid Waste departments. Utilities and Solid Waste Funds FY17 Actual FY18 Budget FY19 Budget RESOURCES Beginning Fund Balance 392,648, ,327, ,177,600 REVENUE Licenses and Permits 141, , ,040 Intergovernmental Revenue 556, ,375,870 Charges for Services 265,135, ,546, ,897,350 Interest Earnings 2,682,769 5,291,340 4,614,670 Rents, Surplus and Refunds 2,145, ,900 1,124,980 Other Misc Revenue 417, , ,530 Transfers From Other Funds 84,498,840 88,116,990 93,777,940 Non-Operating Revenue Sources 2,211,595 1,548,500 1,653,260 TOTAL REVENUE 357,790, ,854, ,798,640 TOTAL RESOURCES 750,439, ,181, ,976,240 REQUIREMENTS EXPENDITURES Personal Services 35,064,957 40,111,090 42,454,800 Operating Expenses 136,809, ,682, ,267,050 Capital Outlay 116,315, ,674,960 92,119,150 Debt Service Exp 13,582,989 14,640,330 15,177,870 Grants and Aids 499, , ,000 Transfers to Other Funds 84,498,840 88,116,990 93,777,940 TOTAL EXPENDITURES 386,770, ,725, ,296,810 RESERVES 0 256,455, ,679,430 TOTAL REQUIREMENTS 386,770, ,181, ,976,240 Pinellas County, Florida B-25 FY19 Adopted Budget

26 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY The Capital Project Funds account for revenues and expenditures related to the Capital Improvement Program (CIP), which is a plan for financing long-term work projects. Capital Funds FY17 Actual FY18 Budget FY19 Budget RESOURCES Beginning Fund Balance 152,395, ,234, ,658,100 REVENUE Taxes 94,950,945 93,804,900 97,563,950 Licenses and Permits 1,939, Intergovernmental Revenue 5,387,670 27,686,130 20,829,900 Interest Earnings 1,020, , ,930 Other Misc Revenue 84, , ,550 Transfers From Other Funds 10,985,741 11,285,740 23,077,780 Non-Operating Revenue Sources 903, TOTAL REVENUE 115,271, ,606, ,368,110 TOTAL RESOURCES 267,666, ,840, ,026,210 REQUIREMENTS EXPENDITURES Personal Services 4, Operating Expenses 371,039 9,900 75,000 Capital Outlay 103,079, ,981, ,567,200 Grants and Aids 35,431,339 36,068,280 56,487,000 Transfers to Other Funds 8,706,841 1,226,230 1,869,170 TOTAL EXPENDITURES 147,592, ,286, ,998,370 RESERVES 0 28,554,710 24,027,840 TOTAL REQUIREMENTS 147,592, ,840, ,026,210 Pinellas County, Florida B-26 FY19 Adopted Budget

27 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY The table below includes all funds other than the General, Capital Projects, Utilities, and Solid Waste Funds. Other Funds FY17 Actual FY18 Budget FY19 Budget RESOURCES Beginning Fund Balance 271,560, ,131, ,889,710 REVENUE Taxes 159,510, ,187, ,296,770 Licenses and Permits 28,348,312 28,008,510 27,548,640 Intergovernmental Revenue 23,887,550 28,768,740 30,220,060 Charges for Services 190,580, ,589, ,599,430 Excess Fees - Constitutional Officers 691, , ,760 Fines and Forfeitures 1,037, , ,730 Interest Earnings 2,626,457 3,117,740 3,573,020 Rents, Surplus and Refunds 30,771,532 16,429,280 17,772,760 Other Misc Revenue 9,886,934 8,089,980 8,208,370 Transfers From Other Funds 6,689,120 6,081,500 7,343,860 Debt Proceeds_ 0 500,000 0 Non-Operating Revenue Sources 11,195,705 16,791,760 16,948,110 TOTAL REVENUE 465,225, ,215, ,194,510 TOTAL RESOURCES 736,786, ,346, ,084,220 REQUIREMENTS EXPENDITURES Personal Services 125,032, ,726, ,902,380 Operating Expenses 159,837, ,403, ,098,590 Capital Outlay 25,908,151 52,742,400 51,659,660 Debt Service Exp 587, ,460 9,960 Grants and Aids 81,105, ,533, ,942,680 Transfers to Other Funds 5,981,783 7,347,020 17,478,240 Pro Rate Clearing (404,872) (496,350) (381,330) Constitutional Officers Transfers 3,380,050 3,776,130 4,022,950 TOTAL EXPENDITURES 401,428, ,623, ,733,130 RESERVES 0 239,723, ,351,090 TOTAL REQUIREMENTS 401,428, ,346, ,084,220 Pinellas County, Florida B-27 FY19 Adopted Budget

28 FY18 FY19 TO FROM BUDGET REQUEST Community Development General Fund $239,120 $739,120 Tree Bank General Fund $68,370 $0 Tree Bank Building Services $37,510 $0 Subtotal $105,880 $0 Emergency Communications 911 System General Fund $3,736,500 $4,604,740 Capital Projects General Fund $2,750,000 $3,730,370 Capital Projects Tourist Development Tax $4,659,510 $5,228,240 Capital Projects Airport Revenue & Operating $950,000 $0 Capital Projects County Transportation Trust $1,700,000 $12,250,000 Capital Projects Multimodal Impact Fees $1,226,230 $1,869,170 Subtotal $11,285,740 $23,077,780 Solid Waste Renewal & Replacement Solid Waste Revenue & Operating $30,000,000 $30,000,000 Water Renewal & Replacement Water Revenue & Operating $18,330,060 $25,993,310 Water Renewal & Replacement Water Impact Fees $150,000 $0 Subtotal $18,480,060 $25,993,310 Sewer Revenue & Operating Water Revenue & Operating $3,685,480 $0 Sewer Renewal & Replacement Sewer Revenue & Operating $21,322,120 $22,701,760 Sewer Interest & Sinking Sewer Revenue & Operating $14,629,330 $15,082,870 Employee Health Benefits SCHEDULE OF BUDGET TRANSFERS TOTAL ALL TRANSFERS $105,484,230 $124,199,580 Pinellas County, Florida B-28 FY19 Adopted Budget

29 Principal Pledge/ FY19 Description Purpose Outstanding Security Principal As of 10/01/18 GENERAL OBLIGATION BONDS No outstanding issues NON SELF-SUPPORTING REVENUE DEBT No outstanding issues SELF-SUPPORTING REVENUE DEBT $86,580,000 Sewer Revenue Bonds, Series 2003 LONG-TERM DEBT STRUCTURE FOR PINELLAS COUNTY Sewer system improvement projects and reclaimed water projects $5,215,000 Sewer system revenues $0 $42,005,000 Sewer Revenue Bonds, Series 2008A Expansion of North and South County Reclaimed Water Systems and improvements to W.E. Dunn Water Reclamation Facility and South Cross Water Reclamation Facility $38,175,000 Sewer system revenues $485,000 $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B Refund a portion of outstanding Sewer Revenue Bonds, Series 1998 $28,000,000 Sewer system revenues $47,140,000 Sewer system revenues $2,740,000 $14,733,000 Sewer Revenue Refunding Note, Series 2016 Refund the outstanding Sewer Revenue Refunding Bonds, Series 2006 $11,295,000 Sewer system revenues $1,785,000 SUBTOTAL SELF-SUPPORTING REVENUE DEBT $129,825,000 $9,205,000 TOTAL DEBT ISSUES $129,825,000 $9,205,000 Pinellas County, Florida B-29 FY19 Adopted Budget

30 DEBT SERVICE SUMMARY Pinellas County has historically assumed a "pay-as-you-go" philosophy in the funding of infrastructure. However, when circumstances have dictated that this is not a viable approach, the County has utilized the bond market to generate additional capital. Categories of Debt There are several categories of governmental debt: General obligation bonds are backed by the full faith and credit of the local government, and they are required to be approved by voter referenda. Revenues collected from the ad valorem taxes on real estate and other sources of general revenue are used to service the government's debt. Pinellas County has no general obligation bond issues outstanding at this time. Self-supporting revenue bonds and notes, unlike general obligation bonds, are financed by those directly benefiting from the capital improvement. Revenue obtained from the issuance of these bonds and notes is used to finance publicly-owned facilities, such as water, sewer, and solid waste systems. Charges collected from the users of these facilities are used, in turn, to retire the bond and note obligations. In this respect, the capital project is self-supporting. The debt service payments for the County s enterprise activities are budgeted in their respective funds. Non-self-supporting revenue bonds, which pledge specific sources of revenue other than ad valorem taxes, are used to fund non-enterprise infrastructure needs. Pinellas County has no bond issues supported from general revenues at this time. Debt Limitations The Florida Constitution (Article VII, Section 12) requires County bonds supported by ad valorem taxes to be approved by public referendum. Chapter 130 of the Florida Statutes defines the purposes for which County debt may be issued and also procedural restrictions. There are no statutory limitations on the amount of debt that may be issued in terms of total dollars, millage rates, or percentage of assessed values. Self-supporting revenue bonds are limited by the requirement to maintain adequate revenue streams to cover debt in ratios prescribed by the authorizing Bond Resolutions. Debt Capacity, Issuance, and Management Policies The County has established the following budget policies related to debt: Minimize debt service costs through the judicious use of available debt instruments, consistent with the desirability of maintaining stable current tax rates and distributing the costs of certain long-lived facilities among all users, present and future. Define appropriate uses for debt. Define the maximum amount of debt and debt service that should be outstanding at any one time (target financial ratios). Maintain a high credit rating while making attempts to strengthen credit rating; identify factors and strategies to address them. Consider investment in equipment, land or facilities, and other expenditure actions, in the present, to reduce or avoid costs in the future. Capital project proposals should include cost estimates that are as complete, reliable, and attainable as possible. Prior to undertaking a capital project, all ongoing Operating & Maintenance (O&M) costs should be identified and considered as part of the policy discussion. Pinellas County, Florida B-30 FY19 Adopted Budget

31 Summary of Existing and Anticipated Debt There are presently five outstanding debt issues for Pinellas County: the $86,580,000 Sewer Revenue Bonds, Series 2003; the $42,005,000 Sewer Revenue Bonds, Series 2008A; the $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B; the $59,510,000 Sewer Revenue Refunding Bonds, Series 2012; and the $14,733,000 Sewer Revenue Refunding Note, Series The Series 2008A, Series 2008B, and Series 2016 were issued as bank loans. Existing Debt: Current Self-Supporting (Enterprise) Revenue Bonds: $86,580,000 Sewer Revenue Bonds, Series 2003* These bonds were issued to finance certain capital improvements to the County s Sewer System, to fund the reserve fund requirement for the Series 2003 Bonds through the purchase of a debt service reserve fund surety bond, and to pay related costs and expenses in connection with the issuance of the Series 2003 Bonds. Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $42,005,000 Sewer Revenue Bonds, Series 2008A* These bonds were issued in the form of a bank loan to finance improvements at the South Cross and W.E. Dunn Facilities and various improvements to pump stations, force mains, and the collection systems; as well as the required deposit to the reserve fund; and to pay related costs and expenses in connection with the issuance of the Series 2008 Bonds. Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B* These bonds were issued in the form of a bank loan to refund a portion of the County s outstanding Sewer Revenue and Revenue Refunding Bonds, Series Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $59,510,000 Sewer Revenue Refunding Bonds, Series 2012* These bonds were issued to advance refund a portion of the outstanding $86,580,000 Sewer Revenue Bonds, Series Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $14,733,000 Sewer Revenue Refunding Note, Series 2016* This note was issued in the form of a bank loan to refund the outstanding principal amount of the County s Sewer Revenue Refunding Bonds, Series 2006, maturing on and after October 1, Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. * Minimum annual debt service coverage of 115% is required by the Bond Resolution rate covenant. If net revenues together with Impact Fees are pledged and legally available to meet the Debt Service requirement, then 125% minimum annual debt service coverage is required. Anticipated Debt No new debt issues are included in the FY19 Budget. Pinellas County, Florida B-31 FY19 Adopted Budget

32 Self-Supporting (Enterprise) Revenue Bonds Requirements (in thousands) Debt Issue FY19 FY20 FY21 FY22 FY23 Final Fiscal Year of Debt Payments Sewer Revenue Bonds, Series 2003 Sewer Revenue Bonds, Series 2008A Sewer Revenue Refunding Bonds, Series 2008B Sewer Revenue Refunding Bonds, Series 2012 Sewer Revenue Refunding Note, Series 2016 Principal $ 0 $ 0 $ 0 $ 0 $ 0 $ 261 $ 261 $ 261 $ 261 Total $ 261 $ 261 $ 261 $ 261 $ 261 Principal $ 485 $ 505 $ 525 $ 555 $ 575 Interest $ 1,978 $ 1,958 $ 1,927 $ 1,899 $ 1,871 Total $ 2,463 $ 2,463 $ 2,452 $ 2,454 $ 2,446 Principal $ 4,195 $ 4,375 $ 4,560 $ 4,750 $ 4,955 Interest $ 1,379 $ 1,176 $ 957 $ 733 $ 499 Total $ 5,575 $ 5,551 $ 5,517 $ 5,483 $ 5,454 Principal $ 2,740 $ 2,850 $ 2,990 $ 3,140 $ 3,295 Interest $ 2,011 $ 1,901 $ 1,759 $ 1,609 $ 1,452 Total $ 4,751 $ 4,751 $ 4,749 $ 4,749 $ 4,747 Principal $ 1,785 $ 1,824 $ 1,862 $ 1,898 $ 1,941 Interest $ 248 $ 209 $ 169 $ 128 $ 86 Total $ 2,033 $ 2,033 $ 2,031 $ 2,026 $ 2,027 FY32 FY28 FY24 FY31 FY24 Pinellas County, Florida B-32 FY19 Adopted Budget

33 PERSONNEL POSITION COMPARISON* FY17 Budget FY18 Budget Incr/(Decr) FY19 vs FY18 FY19 Budget Board of County Commissioners County Attorney Board of County Commissioners County Administrator County Administrator Airport Animal Services Building Services Contractor Licensing Department Convention & Visitors Bureau Development Review Services Economic Development Emergency Management Human Services (1.8) Marketing and Communications Office of Asset Management Office of Management & Budget (1.0) 35.0 Office of Technology and Innovation Parks & Conservation Resources Planning Public Works Purchasing Real Estate Management Risk Management Administration Safety and Emergency Services Solid Waste Utilities Total County Administrator 1, , ,134.8 Total Board of County Commissioners 2, , ,182.8 * Full-Time Equivalent Positions NOTE: Contractor Licensing Department became an operating department of the Board of County Commissioners as of July 1, Office of Asset Management is a newly-created department responsible for administering the Enterprise Asset Management project. Office of Technology and Innovation was formed during FY18 utilizing existing BTS resources. Please see sections C through H of this budget document for additional details pertaining to all departmental personnel position increases and decreases. Pinellas County, Florida B-33 FY19 Adopted Budget

34 PERSONNEL POSITION COMPARISON* FY17 Budget FY18 Budget Incr/(Decr) FY19 vs FY18 FY19 Budget Constitutional Officers Clerk of the Circuit Court and Comptroller Supervisor of Elections Tax Collector Total Constitutional Officers 2, , ,931.2 Other Court Support Judiciary Total Court Support Independent Agencies Business Technology Services (19.0) Human Resources (0.2) 35.4 Office of Human Rights Employee Health Benefits Fire Protection Districts Lealman CRA Trust Medical Examiner Total Independent Agencies (17.2) Total Other (15.2) TOTAL POSITIONS 5, , ,355.8 PERSONNEL POSITION COMPARISON SUMMARY** FY17 Budget FY18 Budget Incr/ (Decr) FY19 vs FY18 FY19 Budget Board of County Commissioners 2, , ,182.8 Constitutional Officers 2, , ,931.2 Court Support Independent Agencies (17.2) TOTAL POSITIONS 5, , ,355.8 **Full-Time Equivalent Positions except Sheriff (Full-Time Permanent Positions). Pinellas County, Florida B-34 FY19 Adopted Budget

35 ECONOMIC TRENDS & MAJOR REVENUES The following section briefly discusses the economic trends and major revenue statistics related to Pinellas County. For all of the graphics and charts relating to the County s taxable value, the data is presented on a budget year basis. Therefore, the data reflects actual activity occurring through December 31 of the preceding year. However, the 2019 County taxable value is the official 2018 Tax Year estimate from the Pinellas County Property Appraiser. All other data through 2017 is actual annual information. Population: Unincorporated and Incorporated: Pinellas County's estimated 2017 population of 962,003 reflects a 0.8% increase from the County s 2016 population estimate. Although the population of the County dropped between the 2000 and 2010 Censuses, population growth has returned in the past seven years. The 2017 population estimate reflects a 5.0% increase, or 45,461 residents, from the 2010 Census low of 916,542. Total population continues to grow slowly. This trend relates to the County s land size, patterns in historic development and the predominate type of housing. Pinellas County, Florida B-35 FY19 Adopted Budget

36 ECONOMIC TRENDS & MAJOR REVENUES The growth of unincorporated residents between 2016 and 2017 is 0.2%, or from 275,966 residents to 276,511. During the same period, the incorporated residents increased by 1.0%, from 678,603 residents to 685,492. The incorporated population as a percentage of the total County population over 10 years, has increased from 70.8% of the total in 2008 to 71.3% in This trend of increasing percentages of incorporated population is a result of voluntary annexation of the unincorporated area and the municipal residential building activity and is shown in the subsequent chart: Housing Units Permitted. Average Daily Rate: Tourism is a key indicator of the economic growth and strength of Pinellas County. Overnight visitors stay in a variety of hotels throughout Pinellas County. From the highrise hotels on Clearwater Beach to the low-rise hotels up and down U.S. Highway 19, prices paid by visitors vary as much as the hotels themselves. Since 2010, the average daily rate (ADR) has increased an average of 4.9% per year through 2017 to $ per night. The increase in ADR, which measures the rate paid per occupied room, has led to record setting collection of Tourist Development Tax (TDT) revenue for the last six years. Based on projection, FY18 is expected to make it seven years in a row of record TDT collection. $160 $140 $120 $100 Average Daily Rate $80 $60 $ $20 $- Pinellas County, Florida B-36 FY19 Adopted Budget

37 ECONOMIC TRENDS & MAJOR REVENUES Unemployment Statistics: Starting in 2008 and during the Great Recession (12/2007-6/2009), Pinellas County s unemployment rate was higher than both the United States (US) and the State of Florida rates. The County s unemployment rate in 2009 was 10.8%, which was the highest rate in the decade. In 2012 the County s unemployment rate started to reflect its previous trend prior to the Great Recession, when the County s unemployment rate was less than either the State or the nation. In 2017, the County s unemployment rate of 3.7%, was lower than both Florida at 4.2% and the US at 4.4%. Pinellas County, Florida B-37 FY19 Adopted Budget

38 ECONOMIC TRENDS & MAJOR REVENUES Total Labor Force: The County s labor force declined between 2006 and 2009 with a low of 440,723 participating workers occurring in Since 2009, the County s labor force has increased modestly due to workers rejoining and/or new workers entering the labor force. In 2017, the County had the 6 th largest labor force in the State behind Miami-Dade, Broward, Palm Beach, Hillsborough and Orange counties. An increase of 1.7% or 8,147 workers joined the work force in Pinellas County, Florida B-38 FY19 Adopted Budget

39 ECONOMIC TRENDS & MAJOR REVENUES Housing Units Permitted: In 2017, the number of housing units permitted in Pinellas County totaled 1,900, a decrease of 18.3% from the 2016 total of 2,327. The majority of permitting activity in 2017 occurred in the incorporated area of the County, 92.0% of the total. In 2013, housing permitting was at its highest since the Great Recession (12/2007-6/2009). Housing unit permits precede construction and indicate the strength of a prominent industry with high employment. Permitting information could also indicate the level of new construction (square footage) added to future tax rolls. However, a decrease in housing unit permits can reflect the timing of the data collection, and not an omen of future industry trends. Pinellas County, Florida B-39 FY19 Adopted Budget

40 ECONOMIC TRENDS & MAJOR REVENUES Taxable Value New Construction: The new construction taxable values include both residential and commercial construction that was added to the County s tax rolls. In 2019 (2018 Tax Year), newly completed square footage added $972.2M of new taxable value. The amount of taxable value from new construction is a 26.7% increase from last year s value, $767.4M. Only 1.2% of the total taxable value in the County is from new construction. Of the total new construction, $846.7M was added in the incorporated area (municipalities) and $125.4M in the unincorporated area. In the unincorporated area, the taxable value from new construction is an increase of 58.5% between 2018 and 2019, while the municipalities experienced an increase of 23.0%. Of the total taxable value in 2019 from new construction countywide, 87.1% occurred in the municipalities. Over the last ten years 85.1% of added taxable value from new construction occurred inside municipalities. The previous chart, Housing Unit Permitting, showed a similar trend. Taxable Value: New Construction Only, MUNICIPALITIES UNINCORPORATED COUNTY Millions $1,000.0 $800.0 $600.0 $400.0 $200.0 $0.0 $528.2 $70.0 $353.1 $346.8 $104.7 $458.2 $248.5 $293.0 $53.8 $249.8 $37.9 $53.4 $211.9 $148.9 $301.3 $202.3 $ $231.2 $972.2 $125.4 $767.4 $79.1 $634.8 $560.1 $66.2 $69.9 $568.6 $490.2 $688.2 $846.7 Source: Based on data provided by Pinellas County Property Appraiser, June 28, 2018 Pinellas County, Florida B-40 FY19 Adopted Budget

41 ECONOMIC TRENDS & MAJOR REVENUES Taxable Value - Countywide (includes new construction): In 2010, countywide taxable values were $64.6B. In the years following 2010, taxable values declined until This decrease in taxable values during was due to several factors: the approval of a State constitution amendment increasing the Homestead Exemption in January 2008; the real estate environment; and new guidelines regarding short sales and foreclosures being used by the Property Appraiser. Countywide taxable values have slowly recovered from their low point of $54.4B in 2013, to $79.4B for The estimated increase of 8.0% between 2018 and 2019, is the sixth year of taxable values rising since However, if voters statewide approve the Florida Amendment 1 this November, the 2020 Taxable Value is anticipated to decrease by $3.2B or 4.0%. Taxable Value: Countywide Taxable (includes Values new construction) Billions $80.0 $70.0 $60.0 $50.0 $40.0 $ $20.0 $10.0 $0.0 Source: Pinellas County Property Appraiser, June 28, 2018 Pinellas County, Florida B-41 FY19 Adopted Budget

42 ECONOMIC TRENDS & MAJOR REVENUES Countywide Property Tax Collections and Millage Rate: Starting in 2008, countywide property tax collections reflected the impact of the State s 2007 Property Tax Reform and the 2008 County millage rate reduction. In 2009 the collections were impacted by a State constitutional amendment approved in January 2008, which allowed for an increased Homestead Exemption up to $50,000. Due to the aforementioned regulations and the impact of the Great Recession (12/2007-6/2009) on housing values, the decline in tax collections continued through In 2012, 2013, and 2014, the countywide millage was increased to partially counter this revenue decline that affected the County s ability to provide services. In 2017 an increase was approved in the Health Department millage to staff every district school with a full time nurse. The 2019 property tax collections are projected to be 6.9% greater than the 2018 estimates and are likely to be the high of the decade. The 2019 countywide collective property tax rate of mills will remain the same from last year. The three tax rates included in the countywide aggregate tax rate will remain the same: General Fund, mills; Health Department, ; and Emergency Medical Services (EMS), mills. The EMS millage is levied on only real property. The taxable value estimate for all taxable property (real and tangible property) is $79.4B versus the taxable value estimate of $74.8B for real property only. Millions $500.0 $450.0 $400.0 $350.0 $300.0 $250.0 $200.0 $150.0 $100.0 $50.0 $322.9 $ Countywide Property Tax Collections, and Millage Rates $ $ $334.6 $348.1 $371.8 $399.2 $439.2 $ $ Note: Includes all property taxes collected by the Board of County Commissioners on a countywide basis, excluding the Pinellas Planning Council. Collections shown for 2018* (Estimate) and for 2019* (Projection at 95%) are based on data provided by Pinellas County Property Appraiser (Final 2017 and 2018 dated June 28, 2018). Pinellas County, Florida B-42 FY19 Adopted Budget

43 ECONOMIC TRENDS & MAJOR REVENUES Taxable Value - MSTU (includes new construction): Taxable values within the unincorporated area of the County have increased from $17.7B in 2018, to an estimate of $18.8B in This is an increase of 6.2%. The unincorporated taxable value as a percentage of the total countywide taxable value over the last 10 years, reflects an overall decrease of 1.7%, from 25.3% in 2010 to 23.6% in If voters statewide approve the Florida Amendment 1 this November, the 2020 Unincorporated Taxable Value is anticipated to decrease by $1.1B or 5.9%. The unincorporated area of the County is also called the Municipal Services Taxing Unit (MSTU), with a separate millage collected to fund services within the MSTU. Taxable Value: MSTU (includes new construction), Billions $20.0 $18.0 $16.0 $14.0 $12.0 $10.0 $8.0 $ $4.0 $2.0 $0.0 Sources: Pinellas County Property Appraiser, June 28, 2018 Pinellas County, Florida B-43 FY19 Adopted Budget

44 ECONOMIC TRENDS & MAJOR REVENUES MSTU Property Tax Collections and the MSTU Property Tax Rate: The MSTU property tax collections are a direct result of the MSTU property tax rate and the MSTU taxable value. The 2019 budgeted property tax collections are 4.8% greater than the 2018 estimate and $5.5B higher than 2010 actual receipts. The MSTU property tax collections are used to fund a variety of services benefiting only the unincorporated area of the County. These services include, but are not limited to, community policing, development review services, and code enforcement. The 2019 MSTU property tax rate of mills has not changed for the last 10 years. Total collections for the MSTU are still below the collections prior to the Great Recession (12/2007-6/2009), $44.1B in the 2006 Tax Year. Millions $40.0 $35.0 $30.0 MSTU Property Tax Collections, and Millage Rates $25.0 $20.0 $15.0 $10.0 $ $31.7 $30.6 $28.2 $27.3 $28.7 $29.6 $31.0 $32.8 $35.5 $ $ Note: Collections shown for 2018* (Estimate) and for 2019* (Projection at 95%) are based on data provided by Pinellas County Property Appraiser (Final 2017 and 2018 dated June 29, 2018). Pinellas County, Florida B-44 FY19 Adopted Budget

45 ECONOMIC TRENDS & MAJOR REVENUES Taxable Sales: Taxable sales are those sales subject to Chapter 212, F.S., such as sales of goods, but not services (there are exceptions). Taxable sales indicate how strong the consumer durables industry is in the County. It also gives an indication of current tourism strength. In Pinellas County, taxable sales increased 3.2% to $16.2B in State Fiscal Year (SFY) 2017, from $15.7B in SFY16. Taxable sales appear to have recovered to where they were prior to the Great Recession (12/2007-6/2009), when taxable sales increased every year to a high that occurred in SFY06. The chart shows that Pinellas County s actual sales growth is lower but trends with State growth. The exception is in SFY09, at a time when consumer confidence was at its lowest. This observation is primarily due to the County s population growth, which is constrained given its land size, current density, limited available undeveloped acreage, and its cost of living. Pinellas County, Florida B-45 FY19 Adopted Budget

46 ECONOMIC TRENDS & MAJOR REVENUES 1/2 Cent Sales Tax and Revenue Sharing with Counties: Both the local half-cent sales tax and the county revenue sharing receipts are part of the Florida Revenue Sharing Act of The chart reflects the County s share of the proceeds from both distributions that are allocated based on specific state-mandated formulas. The half-cent sales tax program generates the largest amount of revenue for local governments among the state-shared revenue sources currently authorized by the State Legislature. The State of Florida levies a sales tax of 6.0% on the purchase of consumer goods, with a variety of exemptions for non-prepared food items, prescription drugs, services, etc. The state returns percent of net sales tax proceeds to local governments. The County s share is projected to decrease 2.5% between FY18 and FY19, from $47.3M to $46.1M due to the revenue being budgeted at 95.0% of the anticipated FY19 total. The State s revenue sharing with counties is a portion of the State sales tax and the net Statelevied cigarette/tobacco taxes. The County s share of this State revenue sharing program is also projected to decease 3.2% between FY18 and FY19, from $19.1M to $18.5M due to the revenue being budgeted at 95.0% of the anticipated FY19 total. Pinellas County uses these revenues in support of general fund operations. Pinellas County, Florida B-46 FY19 Adopted Budget

47 ECONOMIC TRENDS & MAJOR REVENUES Penny for Pinellas - County Share: Penny for Pinellas (Penny) revenues are proceeds of an additional one-percent Local Government Infrastructure Surtax on Sales, pursuant to Section (2), Florida Statutes, imposed in Pinellas County. The Penny surtax is collected on the first $5,000 of all purchases excluding groceries and medications. The authorized use of these funds is generally restricted to infrastructure projects only and cannot be used for ongoing operation or maintenance costs. Sales tax as a revenue source is highly elastic and is sensitive to local and national economic conditions, such as inflation, wage growth, unemployment, and tourism. The Penny became effective February 1, 1990 for an initial period of ten years and has been extended by referendums in 1997, 2007, and 2017 for three additional ten-year periods (until December 31, 2029). In accordance with statutory requirements and interlocal agreements with each municipality in Pinellas County for the Penny ending December 31, 2019, the County receives approximately 52.3% of the total monthly collections generated by this tax, following the deduction of a dedicated amount to fund capital projects for Court & Jail facilities which provide a countywide benefit. Beginning January 1, 2020, the interlocal agreement for Penny IV sets aside 11.3% of net proceeds for countywide investments consisting of Economic Development Capital Projects and Housing (land acquisition) at 8.3% and Jail and Courts Facilities at 3.0%. The County s percentage for Penny IV is 51.75%, after the countywide investment distribution. The FY18 estimate reflects a 4.0% increase in collections over actual FY17 revenue. The FY19 estimate also reflects a 4.0% increase; however the budgeted amount of $97.6M is slightly lower than the FY18 estimate due to the revenue being budgeted at 95.0% of the anticipated FY19 total. Pinellas County, Florida B-47 FY19 Adopted Budget

48 ECONOMIC TRENDS & MAJOR REVENUES Local Option Gas Tax: In accordance with Section (7) Florida Statutes, Pinellas County levies a six (6) cents per gallon tax on motor fuel sold. The tax is in effect through year Pursuant to interlocal agreement, the County retains 60.0% of the proceeds from the local option gas tax and the remaining 40.0% is allocated to the municipalities within the County. The chart reflects the County s share of the proceeds. The County uses the proceeds to fund operations and maintenance of the County's transportation system and transportation capital projects. The chart shows that the collections from this tax are relatively static. The FY19 budgeted amount of $13.4M is slightly lower than the FY18 estimate due to the revenue being budgeted at 95.0% of the anticipated FY19 total. Pinellas County, Florida B-48 FY19 Adopted Budget

49 ECONOMIC TRENDS & MAJOR REVENUES Tourist Development Tax: The County collects a Local Option Resort/Tourist Tax, also known as the Tourist Development Tax (TDT), on most rents, leases, or lets, which have been contracted for periods of six months or less, or living accommodations in hotels, motels, apartment houses, rooming houses, and mobile home parks. In 1988, the Tourist Development Tax was increased from the initial two (2) percent (levied in 1978) to three (3) percent to provide additional revenue for tourist development activity. In 1996 the tax was increased to the fourth percent, and prior to 2016, the fourth percent was restricted to debt service for the City of St. Petersburg s professional franchised sports facility. In 2006, the tax was increased to the fifth percent for marketing purposes. Due to Pinellas County being designated a high tourism impact county (2013, 2014, and 2015) pursuant to Florida Statutes, the County was allowed to add one (1) percent to its existing tourist tax levy. The County added the additional one (1) percent in This increased the tax to the current six (6) percent. The TDT is used to fund beach renourishment, contribute to tourist related capital projects throughout the county, and provide marketing and promotion resources for the Pinellas County Convention and Visitors Bureau (CVB). The CVB advertises and promotes Pinellas County as a top tourist destination for Florida, national, and international travelers. Revenue from the TDT has experienced year-over-year growth in 79 of the last 80 months. The value of each percent of TDT has increased from $4.8M to $9.1M, or 89.6%, from FY10 to FY17. Robust tourism growth is continuing, and the FY18 estimate reflects an increase of 15.9% from the FY17 actual. With the FY19 budget at 95.0% of the anticipated amount to be collected, FY19 shows a slight decrease in revenues, but receipts are expected to exceed budget. $70 $60 Tourist Development Tax, FY10 - FY19 Millions $50 $40 $30 $20 $ $- Note: In 2016, an additional one cent is collected due to the County being designated a "high tourism impact" county. Source: Pinellas County Tax Collector/Office of Management & Budget Pinellas County, Florida B-49 FY19 Adopted Budget

50 ECONOMIC TRENDS & MAJOR REVENUES General Fund Beginning Fund Balance: This resource reflects the amount of carry forward revenue the County has at the beginning of each fiscal year in the General Fund. The categories of fund balance are defined in the County s budget policies. The General Fund is the primary fund for the County. The Fund provides the resources necessary to sustain the day-to-day activities of the County and pays for all administrative and operating expenses that are not assigned to a special purpose fund. Pinellas County, Florida B-50 FY19 Adopted Budget