MEMORANDUM. Town Commission. Thomas A. Harmer, Town Manager. DATE: September 4, SUBJECT: Fiscal Year (FY19) Recommended Budget

Transcription

1 MEMORANDUM TO: FROM: Town Commission Thomas A. Harmer, Town Manager DATE: September 4, 2018 SUBJECT: Fiscal Year (FY19) Recommended Budget RECOMMENDED ACTION Pending first public hearing, forward to September 24, 2018 Special Meeting for second reading and public hearing FY19 millage rate and the FY19 budget. BACKGROUND In accordance with Town Charter Article V, Section 3, we submitted a recommended budget and accompanying message for the ensuing fiscal year on August 1, This memo, our presentation, and attached Budget book, provides the Revised Recommended General Fund Operating Budget, the Revised Capital Improvement Plan, and all operating fund budgets. General Fund Budget Overview The Recommended General Fund operating and capital budget of $16,463,440 represents a 0.8% increase in spending from the prior year s adopted budget. Revenues increased 3.2% which slightly exceeded expenses by $36,119. The certified taxable property values increased 3.99%. The number of operating days projected in Total Fund Balance for FY19 is 179 with a target of 90. The number of operating days projected for Unassigned Fund Balance is 113 days with a target of 60. The General Fund Mill Rate stays flat at District A Total millage decreases 1.06% and District B Total Millage decreases 0.45%. The recommended mill rates are as follows: FY19 Budget Highlights Includes additional $60,000 new revenue from Manatee County for Greer Island law enforcement. Includes $400,000 Reimbursement from Sarasota County for ACE. Facility expenses shifted from Departments to Public Works. Emergency management training shifted from Departments to Emergency Management Division within Fire Department. Increases Sarasota County surtax use for Public Safety fleet and capital equipment replacement. Utilizes Manatee County surtax to assist with flood control infrastructure. Shifts Code Enforcement from Police to PZB Department.

2 Recognizes the reclassification of the Assistant Town Manager to Support Services Director with creation of Support Services Department. Provides additional funding for a part-time Code Enforcement Technician to enhance current service levels. Budget anticipates Special Magistrate costs. Allocates funding for planning associated with the Bayfront Park Recreation Center. Recognizes Town Commission assignment $1,350,000 of Fund Balance for Economic Uncertainty. Utilizes Manatee County surtax to assist with flood control infrastructure. Allocates funding of design costs for Broadway roundabout. A summary of changes made in preparation for the September 11, 2018 Regular Meeting where first public hearing will be held are highlighted below: Final performance based merits/compensation plan increases were distributed among the departmental budgets along with final calculations of related fringe benefits. The Assistant Town Manager was eliminated and replaced with a Support Services Director. A new Department was created for this position with Purchasing and Human Resources departmental costs moved from the Town Manager budget to the Support Services Department budget. Open Purchase Orders/Carryover amounts for all funds other than the General Fund were updated for amounts spent through the publish date. Unspent amounts for WCIND, in the General Fund, were re-budgeted in FY19. Special Assessment Fund revenue for Neighborhoods and GMD Undergrounding were updated, based on the most recent tax rolls. Updated revenue estimates based on the latest State revenue updates. Recalculated the indirect cost allocations for both Enterprise Funds (Building and Water/Sewer) after merits were applied. Update projected ending Fund Balance for FY18. Increased Red Tide Contingency to $100,000 (was $50,000). Revised Fire Station Capital and Debt Service Budgets for final bond sale results. Reduced Road & Bridge transfer to the General Fund by $50,000. An overview of the FY19 Budget highlighting any changes since the July 9, 2018 Regular Meeting will be presented for first public hearing on September 11, 2018 at 5:01 PM. Second public hearing on the budget is scheduled for the September 24, 2018 Special Meeting at 5:01 PM. Please feel free to contact me if you have any questions. ATTACHMENTS: PowerPoint presentation Budget Book dated September 11, 2018 Resolution Resolution

3 TOWN OF LONGBOAT KEY PUBLIC HEARING FY (FY19) MILLAGE AND SEPTEMBER 11, 2018 REGULAR MEETING 1

4 TOWN OF LONGBOAT KEY FY19 Budget Schedule General Fund Budget Update All Other Funds Budget Update Millage Discussion Increase in Operating Millage over the Rolled-Back Rate and the corresponding increase in ad valorem tax revenues Debt Millages AGENDA Total Recommended Millage and Motion to forward to September 24, 2018 Special Meeting 24, 2018 for second public hearing Tentatively Adopt Fiscal Year 2019 Budget 2

5 TOWN OF LONGBOAT KEY Budget Workshops May 21, am (General Fund and 5 Year CIP) June 18, am Budget Meetings SCHEDULE FISCAL YEAR 2019 July 9, 2018 Regular Meeting - Set Maximum Millage September 11, 2018 Regular Meeting 1 st Public Hearing 5:01 pm September 24, 2018 Special Meeting 2 nd Public Hearing and Adoption 5:01 pm 3

6 GENERAL FUND OVERVIEW TOWN OF LONGBOAT KEY GF Revenue GF Expenditures 3.2% Increase 0.8% Increase GF Revenues Slightly Exceed Expenditures ($36,119 Increase to Fund Balance projected) No. Of Days Target GF Total Fund Balance GF Unassigned Fund Balance GF Millage Flat Overall Millage District A District B 1.06% Decrease 0.45% Decrease 4

7 TOWN OF LONGBOAT KEY FY19 HIGHLIGHTS Includes additional $60,000 new revenue from Manatee County for Greer Island law enforcement. Includes $400,000 Reimbursement from Sarasota County for ACE. Facility expenses shifted from Departments to Public Works. Emergency management training shifted from Departments to Emergency Management Division within Fire Department. Increases Sarasota County surtax use for Public Safety fleet and capital equipment replacement. Utilizes Manatee County surtax to assist with flood control infrastructure. Shifts Code Enforcement from Police to PZB Department 5

8 TOWN OF LONGBOAT KEY FY19 HIGHLIGHTS Recognizes the reclassification of the Assistant Town Manager to Support Services Director with creation of Support Services Department. Provides additional funding for a part-time Code Enforcement Technician to enhance current service levels. Budget anticipates Special Magistrate costs. Allocates funding for planning associated with the Bayfront Park Recreation Center. Recognizes Town Commission assignment of fund balance for Economic Uncertainty Utilizes Manatee County surtax to assist with flood control infrastructure. Allocates funding of design costs for Broadway roundabout. 6

9 TOWN OF LONGBOAT KEY GENERAL FUND UPDATE 7

10 TOWN OF LONGBOAT KEY CHANGES MADE SINCE RECOMMENDED AUGUST 1, 2018 Updated FY18 Projection Projecting an estimated surplus of $711,476 To be confirmed at FY18 close out and completion of CAFR. Changes to Fund Balance $78,951 August 1, 2018 budget showed a use of Fund Balance of $42,832 Revised Recommended Budget shows an addition to Fund Balance of $36,119 Revenues now slightly exceed Expenditures for FY19 Decreased Revenue ($8,677) Increased Franchise Fees and Intergovernmental revenue projections by $99,450 Net Decrease for transfers in from other funds ($108,127) Road and Bridge reduced by ($50,000) Utility Fund transfer increased +$7,577 Building Fund transfer reduced ($65,704) 8

11 TOWN OF LONGBOAT KEY CHANGES MADE SINCE RECOMMENDED AUGUST 1, 2018 Decreased Expenses $87,628 Applied performance based merits/compensation plan increase and recalculated related fringe benefits Accounted for changes in staff Elimination of Asst. Town Manager/new Support Services Department moved Human Resources and Purchasing from Town Manager s budget Adjusted cost of audit based on bid results Increased Red Tide Contingency from $50,000 to $100,000 9

12 TOWN OF LONGBOAT KEY FY19 PRELIMINARY GENERAL FUND (FROM JULY 9, 2018 MEETING) (FY18 / FY18 PROJECTION / FY19 ) Preliminary Budget Assumes Mill Rate remains at Original Budget 2018 Estimated Actual 2018 Preliminary Budget 2019 Change from Original 2018 Budget Revenues Ad Valorem $ 11,728,197 $ 11,728,197 $ 12,189,326 $ 461, % Non-Ad Valorem $ 4,259,339 $ 4,353,989 $ 4,318,910 $ 59, % Total Revenues $ 15,987,536 $ 16,082,186 $ 16,508,236 $ 520, % Expenditures Personnel $ 13,108,024 $ 13,108,024 $ 13,499,231 $ 391, % Operating $ 3,030,440 $ 3,073,086 $ 2,934,337 $ (96,103) -3.2% Capital Outlay $ 187,250 $ 224,850 $ 117,500 $ (69,750) -37.2% Total Expenditures $ 16,325,714 $ 16,405,960 $ 16,551,068 $ 225, % Budgeted Increase or (Decrease) to Fund Balance ($338,178) ($323,774) $ (42,832) Use of Fund Balance reduced from $ 151,657 to $42,

13 TOWN OF LONGBOAT KEY FY19 RECOMMENDED GENERAL FUND (BASED ON REVISED RECOMMENDED ) (FY18 / FY18 PROJECTION / FY19 ) Recommended Budget reflects no change to the mill rate at Original Budget 2018 Estimated Actual 2018 Preliminary Budget 2019 Change from Original 2018 Budget Revenues Ad Valorem $ 11,728,197 $ 11,730,554 $ 12,189,326 $ 461, % Non-Ad Valorem $ 4,259,339 $ 4,671,545 $ 4,310,233 $ 50, % Total Revenues $ 15,987,536 $ 16,402,099 $ 16,499,559 $ 512, % Expenditures Personnel $ 13,108,024 $ 12,885,209 $ 13,320,416 $ 212, % Operating $ 3,030,440 $ 2,618,164 $ 3,025,524 $ (4,916) -0.2% Capital Outlay $ 187,250 $ 187,250 $ 117,500 $ (69,750) -37.2% Total Expenditures $ 16,325,714 $ 15,690,623 $ 16,463,440 $ 137, % Budgeted Increase or (Decrease) to Fund Balance ($338,178) $ 711,476 $ 36,119 Fund Balance changed from a decrease of $42,852 to an increase of $36,119 11

14 TOWN OF LONGBOAT KEY GENERAL FUND REVENUE VARIANCE Millage ADOPTED * AMENDED ESTIMATED PROPOSED From ADOPTED to Proposed ACTUAL ACTUAL FY FY FY FY FY $ CHANGE % CHANGE Revenues: Property Taxes 11,181,013 11,728,197 11,728,197 11,730,554 12,189,326 $461, % Other Taxes 157, , , , ,000 $4, % Franchise Fees 968, , , , ,700 $41, % Licenses and Permits 24,754 33,400 33,400 21,866 27,600 ($5,800) (17.37%) Intergovernmental 1,349,665 1,292,000 1,292,000 1,368,932 1,364,800 $72, % Charges for Services 363, , , , ,680 $70, % Grants 93, $0 0.00% Fines and Miscellaneous 97,383 70,925 70, ,385 68,800 ($2,125) (3.00%) Income on Investments 55,431 50,500 50,500 81, ,766 $128, % Transfers From Other Funds 1,950,500 1,650,014 1,650,014 1,710,939 1,391,887 ($258,127) 4. (15.64%) Subtotal 16,241,642 15,987,536 15,987,536 16,402,099 16,499,559 $512, % (Addition to)/use of Fund Balance 0 338, ,178 (711,476) (36,119) ($374,297) (110.68%) Total Fund Revenues $16,241,642 $16,325,714 $16,325,714 $15,690,623 $16,463,440 $137, % 1. Increase in taxable values produce a $461,129 revenue increase with flat mill rate. 2. Charges for services include $60,000 for Manatee reimbursement of marine patrol. 3. Investment rates are rising. Chandler Asset Management provided our estimates. 4. Transfer from Road and Bridge Fund decreased by $200,000 12

15 TOWN OF LONGBOAT KEY GENERAL FUND EXPENDITURE VARIANCE Millage ADOPTED AMENDED ESTIMATED PROPOSED From ADOPTED to Proposed ACTUAL ACTUAL FY FY FY FY FY $ CHANGE % CHANGE Expenditures: Town Commission 20,845 30,100 30,100 14,166 30, % Legal Counsel 333, , , , ,000 (39,000) (8.04%) Town Manager 544, , , , ,487 (594,789) 5. (59.64%) Town Clerk 363, , , , ,942 (12,260) (2.98%) Finance 668, , , , ,352 35, % Information Technology 589, , , , ,018 72, % Support Services (frmly HR) 155, , , % Facilities 111, , , , ,191 18, % Police 3,120,368 3,220,348 3,220,348 3,126,590 3,114,704 (105,644) (3.28%) Fire/Rescue 6,184,861 6,601,657 6,596,557 6,625,398 6,925, , % Emergency Management 169,552 18, , ,354 32,400 13, % Public Works 582, , , , ,777 (104,417) 9. (15.91%) Parks 134, , , , ,566 (2,694) (1.13%) Planning and Zoning 614, , , , ,237 27, % Recreation 26,733 44,991 44,991 36,615 45, % Streets 615, , , , ,063 43, % General Services 309, , , , ,561 (30,385) (6.84%) Commission Contingency 0 250, ,000 22, , % Red Tide Contingency 5,560 50,000 50,000 15, ,000 50, % Total Expenditures $14,550,530 $16,138,464 $16,345,757 $15,443,373 $16,345,940 $207, % Transfers Out ,000 60, % Capital Outlay 518, , , , ,500-69,750 (37.25%) Total Expenditures $15,069,144 $16,325,714 $16,630,607 $15,690,623 $16,463,440 $137, % 5. Reduction in Town Manager and Increase to new Support Services Department (HR and Purchasing moved to Support Services) 6. Annual support / licensing for new ERP components. First year of support was included in purchase price. 7. Building maintenance budgets moved from other departments into facilities where they are managed 8. Hurricane related expenses, i.e. training, preparedness, moved from other departments 9. Decrease in Public Works related to director retirement and overlap in FY Increased contingency for Red Tide related expenses.

16 TOWN OF LONGBOAT KEY GENERAL FUND FUND BALANCE 14

17 TOWN OF LONGBOAT KEY GENERAL FUND FY18 PROJECTION ESTIMATES Favorable Revenue Estimates Franchise fees $137,000 Communication service tax and ½ cent sales tax $76,900 St Regis Staff review charges $38,000 Settlement $30,000 Sale of capital assets $58,400 Investment income $30,000 Departments with expected surpluses Town Manager $158,000 Legal $138,000 Town Clerk $26,000 Police $75,000 General Services $143,000 Contingency $167,000 15

18 TOWN OF LONGBOAT KEY UPDATE TO FY18 FUND BALANCE PROJECTION Shown below is an update to the projected General Fund Balance. The previous estimate was a use of fund balance in the amount of $333,921, which was done in May Currently we are expecting an addition to Fund Balance of $711,476. *No. of Days Target FY18 Beginning Balance $ 7,269, Projected FY18 Revenues $ 16,402,099 Projected FY18 Expenditures $ (15,690,623) Projected FY18 Change to Fund Balance$ 711,476 Projected Ending FY 18 Fund Balance $ 7,980, * FY18 Operating Cost Per Day = $42,311 16

19 TOWN OF LONGBOAT KEY FY19 FUND BALANCE (JULY 9, 2018) AFTER CHANGE IN RESERVE FOR ECONOMIC UNCERTAINTY * FY19 Operating cost per day = $45,023 (July 9) *No. of Days Target Projected FY18 Unassigned Ending General Fund Balance $ 5,312, Non-Spendable (Fuel Inventory, Prepaid Expenses) $ 13,000 Assigned to Encumbrances (estimate) $ 300,000 Assigned to Pension $ 1,310,075 Projected FY18 Total Fund Balance $ 6,935, Estimated FY19 Revenues $ 16,508,236 Estimated FY19 Expenditures $ (16,551,068) Estimated Expenditures Exceeding Revenues $ (42,832) Estimated FY19 Ending Fund Balance $ 6,892, *No. of Days Target FY19 Unassigned Ending General Fund Balance $ 3,919, Non-Spendable (Fuel Inventory, Prepaid Expenses) $ 13,000 Assigned to Encumbrances (estimate) $ 300,000 Assigned for Economic Uncertainty $ 1,350,000 Assigned to Pension $ 1,310,075 FY19 Total Fund Balance $ 6,892, The establishment of this new assignment (reserve) reduced the Unassigned Fund Balance to 87 days from 118 days. The Town s Fund Balance Policy Target is to maintain 60 days. 17

20 TOWN OF LONGBOAT KEY FUND BALANCE SEPTEMBER 11, 2018 REVISED RECOMMENDED *No. of Days Target Projected FY18 Unassigned Ending General Fund Balance $ 6,357, Non-Spendable (Fuel Inventory, Prepaid Expenses) $ 13,000 Assigned to Encumbrances (estimate) $ 300,000 Assigned to Pension $ 1,310,075 Projected FY18 Total Fund Balance $ 7,980, Estimated FY19 Revenues $ 16,499,559 Estimated FY19 Expenditures $ (16,463,440) Estimated Revenues Exceeding Expenditures $ 36,119 Estimated FY19 Ending Fund Balance $ 8,016, *No. of Days Target FY19 Unassigned Ending General Fund Balance $ 5,043, Non-Spendable (Fuel Inventory, Prepaid Expenses) $ 13,000 Assigned to Encumbrances (estimate) $ 300,000 Assigned for Economic Uncertainty $ 1,350,000 Assigned to Pension $ 1,310,075 FY19 Total Fund Balance $ 8,016, FY19 Operating cost per day = $44,783 (Sept 11) 18

21 TOWN OF LONGBOAT KEY ALL OTHER FUNDS UPDATE 19

22 TOWN OF LONGBOAT KEY CHANGES MADE SINCE RECOMMENDED AUGUST 1, 2018 Changes to All Other Funds Applied performance based merits/compensation plan increases and recalculated related fringe benefits for Utility, Building, and Tennis Funds. Updated Open Purchase Orders/Carryover amounts in the 5 year capital plan and related budgets. Unspent Grant funds for WCIND were re-budgeted in FY19. Recalculated indirect cost rates for Enterprise Funds (Building and Utility) Transfer of Road & Bridge funds to General Fund reduced $50,000 Revised Fire Station Capital Project and related Debt Service Budgets for final bond sale. Updated Undergrounding Assessment revenues based on revised assessment tax rolls. 20

23 TOWN OF LONGBOAT KEY Special Revenue Funds Road and Bridge Fund Total Appropriations $848,516 Reduced the transfer to General Fund from $150,000 to $100,000 based on a plan introduced in FY18 to gradually reduce this transfer to zero. Tennis Fund Total Appropriations $612,520 Merit and pension allocation adjustments were applied slightly increasing the budget by $1,362. Infrastructure Surtax Funds Total Appropriations $637,248 Sarasota County $453,366 with new PO carryover amounts Manatee County $183,882 Tourist Development Tax Fund Total Appropriations $586,260 Undergrounding Special Revenue Funds Total Appropriations $2,749,521 Gulf of Mexico Drive $1,473,621 Neighborhoods $1,275,900 Reduced assessment revenues for most recent tax roll (To be certified on Sept 15 th). Created interfund transfers to debt service funds for bond issues. 21

24 TOWN OF LONGBOAT KEY Special Revenue Funds-Continued Grants Total Appropriations $240,460 WCIND $149,698 (unspent grant funds re-budgeted) Other $90,762 (unspent grant funds re-budgeted) Carried over FY18 revenue budgets to be collected in FY19 Other Minor Special Revenue Funds Total Appropriations $124,693 Police Training Fund $10,023 Law Enforcement Trust Fund $52,479 Australian Pine Tree Removal Fund $57,165 Tree Replacement Fund $5,026 Debt Service Funds Facility and Fire Station Funds - Total Appropriations Facilities $284,209 Fire Stations (Building and Improvements) $188,681 Beach Debt Fund (Districts A and B) Total Appropriations $2,801,049 22

25 TOWN OF LONGBOAT KEY Capital Project Funds (with Updated carryover amounts) Fire Stations Total Appropriations $5,521,356 Updated budget based on bond sale held Aug 22, 2018 Streets Total Appropriations $1,708,456 Land Acquisition Total Appropriations $423,919 Beach Total Appropriations $7,399,044 GMD Undergrounding - Total Appropriations $23,419,928 Neighborhood Undergrounding -Total Appropriations $22,265,843 Canal Dredging - Total Appropriations $1,015,753 Parks & Recreation - Total Appropriations $80,847 Capital or Nonrecurring - Total Appropriations $304,790 23

26 TOWN OF LONGBOAT KEY Enterprise Funds (with Updated carryover amounts) Building Fund - Total Appropriations $1,608,798 Applied performance based merits/compensation plan increase and recalculated related fringe benefits. Decrease to indirect cost allocation to General Fund due to merit adjustments and other costs being directly allocated. Use of Fund Balance decreased from $483,876 to $417,400. Utility Fund (Operating) Total Appropriations $9,294,271 Applied performance based merits/compensation plan increase and recalculated related fringe benefits. Increase to indirect cost allocation to General Fund based on merit adjustments. Utility Fund (Capital) - Total Appropriations $7,162,076 Reallocated remaining balances in Lift Station 8D and 9D to Minor and Intermediate lift station projects. Updated purchase order/carryover balances. 24

27 TOWN OF LONGBOAT KEY MILLAGE DISCUSSION 25

28 TOWN OF LONGBOAT KEY INCREASE IN OPERATING MILLAGE OVER THE ROLLED-BACK RATE THE CORRESPONDING INCREASE IN AD VALOREM TAX REVENUES 26

29 TOWN OF LONGBOAT KEY INCREASE IN OPERATING MILLAGE OVER THE ROLLED-BACK RATE The proposed operating millage of produces a 2.90% increase from the Rolled-Back Rate of for 2018 The Rolled-Back Rate is the rate which, exclusive of new construction, will provide the same property (ad valorem) tax revenue as was levied during the prior year. The maximum millage that can be levied at this hearing Simple majority vote up to Two-thirds vote If the mill rate is adopted, the resulting increase to ad valorem revenue is $461,129 to fund the FY19 Recommended Budget 27

30 TOWN OF LONGBOAT KEY DEBT SERVICE MILLAGES 28

31 TOWN OF LONGBOAT KEY G.O. FACILITY IMPROVEMENT DEBT MILLAGE This millage is for repayment of the funds borrowed for construction of Town Facilities listed below. Town Hall Addition and Remodel Public Works Complex Police Station The fiscal year 2019 proposed millage rate is Debt Service payment for FY19 is $284,060. These bonds will be retired in fiscal year 2020 with the final taxing year being fiscal Fiscal year 2020 will see a debt service millage for the new South Fire Station and the renovations to the North Fire Station. 29

32 TOWN OF LONGBOAT KEY BEACH DEBT MILLAGE A $10,702,908 Bond issuance occurred June 10, 2016 to be paid over 4 years. Two debt service payments remain at $2.8 million per year. Proposed Millage Beach Districts A and B Beach District A Beach District B FY 18 Actual FY 19 Proposed

33 TOWN OF LONGBOAT KEY TENTATIVELY ADOPT FY 2019 MILLAGE RATES 31

34 TOWN OF LONGBOAT KEY PROPOSED TOTAL TOWN MILLAGE (OPERATING AND DEBT SERVICE) OPERATING MILLAGE G. O. DEBT SERVICE BEACH BOND MILLAGE FY 2019 TOTAL MILLAGE DISTRICT A DISTRICT B These are the Proposed Town Millage rates that appeared on the TRIM Notice that was mailed in August

35 TOWN OF LONGBOAT KEY MILLAGE COMPARISON FOR FY18 AND FY19 Beachside Resident (District A) FY 2018 FY 2019 % Change Operating Millage % Facilities Bond Millage % Beach Special District A Millage % Total % Bayside Resident (District B) FY 2018 FY 2019 % Change Operating Millage % Facilities Bond Millage % Beach Special District B Millage % Total % 33

36 TOWN OF LONGBOAT KEY MILLAGE COMPARISONS WITH SURROUNDING COMMUNITIES Cities General Operating Mill Rate Tax Dollars $500K home Police Fire Ambulance Anna Maria $1,025 Longboat Key $1,057 Holmes Beach $1,125 Bradenton Beach $1,166 Punta Gorda $1,598 Sarasota $1,632 Venice $1,850 North Port $1,950 Bradenton $2,949 Palmetto $2,984 Counties Tax Year 2018 (from TRIM Notice) Services Included in General Operating Millage Sarasota County $1,607 Charlotte County $3,150 Manatee County $3,216 Service included in General Operating Millage Service Not included in General Operating Millage 34

37 TOWN OF LONGBOAT KEY PROCESS FOR BEACH SPECIAL DISTRICTS PUBLIC HEARINGS 35

38 TOWN OF LONGBOAT KEY PROCESS FOR BEACH SPECIAL DISTRICTS PUBLIC HEARINGS Recess the Board as the Longboat Key Town Commission and convene as the Longboat Key Beach Erosion District A Governing Body. Public to be heard. Motion to recommend approval of the levying of mill ad valorem tax on all real and personal property within the Longboat Key Beach Erosion Control District A to pay the principal and interest on general obligation beach bonds for the fiscal year beginning October 1, 2018 and ending September 30,

39 TOWN OF LONGBOAT KEY PROCESS FOR BEACH SPECIAL DISTRICTS PUBLIC HEARINGS Adjourn as Longboat Key Beach Erosion District A Governing Body convene as the Longboat Key Beach Erosion District B Governing Body. Public to be heard Motion to recommend approval of the levying of mill ad valorem tax on all real and personal property within the Longboat Key Beach Erosion Control District B to reimburse District A for the payment of principal and interest on general obligation beach bonds for the fiscal year beginning October 1, 2018 and ending September 30,

40 TOWN OF LONGBOAT KEY PROCESS FOR BEACH SPECIAL DISTRICTS PUBLIC HEARINGS Adjourn as Longboat Key Beach Erosion District B Governing Body and reconvene as Longboat Key Town Commission. Public to be heard Motion to accept recommendations of the Longboat Key Beach Erosion Control Districts A and B to levy a mill ad valorem tax within the Longboat Key Beach Erosion District A and a levy of mill ad valorem tax within the Longboat Key Beach Erosion District B for the fiscal year beginning October 1, 2018 and ending September 30,

41 TOWN OF LONGBOAT KEY PUBLIC HEARING ON TOTAL MILLAGE LEVY 39

42 TOWN OF LONGBOAT KEY MOTION TO TENTATIVELY ADOPT MILLAGE RATES Motion: To tentatively levy ad valorem tax of mills for general operating purposes for the Town of Longboat Key and mills for general obligation facility improvements bonds and mills for Longboat Key Beach Erosion Control District A and mills for Longboat Key Beach Erosion Control District B for a total millage rate for Beach District A of and for District B for the fiscal year beginning October 1, 2018 and ending September 30,

43 TOWN OF LONGBOAT KEY TENTATIVELY ADOPT FISCAL YEAR (FY19) 41

44 TOWN OF LONGBOAT KEY TENTATIVELY ADOPT FY19 Included in the agenda materials is a revised FY19 Recommended Budget Book dated September 11, The contents of this document represents what is being tentatively adopted at this public hearing. 42

45 TOWN OF LONGBOAT KEY PUBLIC HEARING ON TENTATIVE 43

46 TOWN OF LONGBOAT KEY MOTION TO TENTATIVELY ADOPT FY19 Motion: To tentatively adopt a budget for the Town of Longboat Key for the fiscal year beginning October 1, 2018 and ending September 30, 2019; making appropriations for the purpose of meeting expenses and expenditures set forth in said budget; providing for compliance with the capital improvements element of the Town s Comprehensive Plan; adopting a five-year Capital Improvements Program and capital improvements schedule for fiscal years

47 TOWN OF LONGBOAT KEY NEXT STEPS Incorporate any changes made to the millage and/or budget based on today s discussion into the Tentatively Adopted Budget Advertisement required by TRIM to be published between two and five days prior to the final public hearing. Second Public Hearing and Adoption September 24 (5:01 pm) 45

48 RESOLUTION A RESOLUTION OF THE TOWN OF LONGBOAT KEY, FLORIDA, LEVYING FOR GENERAL OPERATION PURPOSES A MILL AD VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY WITHIN THE TOWN OF LONGBOAT KEY; LEVYING A MILL AD VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY WITHIN THE TOWN OF LONGBOAT KEY TO PAY FOR GENERAL OBLIGATION FACILITY IMPROVEMENT BONDS; LEVYING AN ADDITIONAL MILL AD VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY WITHIN LONGBOAT KEY BEACH EROSION CONTROL DISTRICT A TO PAY PRINCIPAL AND INTEREST ON GENERAL OBLIGATION BEACH BONDS; LEVYING A TOTAL MILLAGE INCLUSIVE OF GENERAL OPERATION AND DEBT SERVICE OF MILLS AD VALOREM TAX FOR ALL REAL AND PERSONAL PROPERTY WITHIN LONGBOAT KEY BEACH EROSION CONTROL DISTRICT A FOR FISCAL YEAR 2019, BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; LEVYING AN ADDITIONAL MILL AD VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY WITHIN LONGBOAT KEY BEACH EROSION CONTROL DISTRICT B TO PAY PRINCIPAL AND INTEREST ON GENERAL OBLIGATION BEACH BONDS; LEVYING A TOTAL MILLAGE INCLUSIVE OF GENERAL OPERATION AND DEBT SERVICE OF MILLS AD VALOREM TAX FOR ALL REAL AND PERSONAL PROPERTY WITHIN LONGBOAT KEY BEACH EROSION CONTROL DISTRICT B FOR FISCAL YEAR 2019, BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; PROVIDING FOR CERTIFICATION OF ADJUSTED ADOPTED RATE; PROVIDING FOR A COPY OF THIS RESOLUTION TO BE FURNISHED TO THE SARASOTA AND MANATEE COUNTY COMMISSIONS, PROPERTY APPRAISERS, TAX COLLECTORS, AND FLORIDA DEPARTMENT OF REVENUE; PROVIDING FOR COMPLIANCE WITH APPLICABLE FLORIDA LAW FOR PARTICIPATION IN LOCAL GOVERNMENT REVENUE SHARING AND HALF-CENT SALES TAX PROGRAMS; PROVIDING AN EFFECTIVE DATE. WHEREAS, Section , Florida Statutes, provides a method of fixing millage, the notice of ad valorem tax levy and public hearing; and WHEREAS, pursuant to applicable Florida law the Town Commission of the Town of Longboat Key (hereinafter Town Commission ) conducted duly noticed public hearings on September 11, 2018, and September 24, 2018, and determined that a mill ad valorem tax shall be levied on all real and personal property within the Town of Longboat Key; and WHEREAS, at said public hearings, the Town Commission also determined that a mill ad valorem tax shall be levied on all real and personal property within the Town of Longboat Key for purposes of paying for general obligation facility improvement bonds; and Page 1 of 3 Resolution

49 WHEREAS, at said public hearings, the Longboat Key Beach Erosion Control District A decided to levy a mill ad valorem tax on all real and personal property located within said dependent special district for Fiscal Year 2019 for purposes of paying the principal and interest on general obligation bonds associated with beach renourishment project(s); and WHEREAS, at said public hearings, the Longboat Key Beach Erosion Control District B decided to levy a mill ad valorem tax on all real and personal property located within said dependent special district for Fiscal Year 2019 for purposes of paying the principal and interest on general obligation bonds associated with beach renourishment project(s); and WHEREAS, the aforementioned millage rates produce a 2.9 percent change from the rolled-back rate for the Fiscal Year 2019 on properties within the Town of Longboat Key; and WHEREAS, a copy of this Resolution shall be filed with the Boards of County Commissioners, the Property Appraisers, and the Tax Collectors of Sarasota and Manatee Counties, Florida, and with the Florida Department of; and WHEREAS, Part II of Chapter 218, Florida Statutes, sets forth the requirements for a municipality to be eligible to participate in revenue sharing funds; and WHEREAS, Part VI of Chapter 218, Florida Statutes, sets forth the requirements for a municipality to receive a portion of the local government half-cent sales tax and specifies the uses of such tax; and WHEREAS, the Town Commission has determined that the Town shall comply with all statutory requirements provided for in Parts II and VI of Chapter 218, Florida Statutes, to avail itself of and participate in revenue sharing and in half-cent sales tax proceeds programs, respectively. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF LONGBOAT KEY, FLORIDA, THAT: SECTION 1. The above Whereas clauses are true and correct and are hereby ratified and confirmed. SECTION 2. In accordance with the Charter of the Town of Longboat Key and Section , Florida Statutes, the Town Commission does hereby levy a mill ad valorem tax on all real and personal property located within the Town, and a mill ad valorem tax for general obligation facility improvements bond, and an additional mill ad valorem tax on all real and personal property located within the Longboat Key Beach Erosion Control District A, and an additional mill ad valorem tax on all real and personal property located within the Longboat Key Beach Erosion Control District B, which produce a 2.9 percent change from the rolled-back rate for Fiscal Year 2019, and the funds to be received therefrom shall be deposited into general governmental funds for the purposes of meeting the expenses and expenditures of the budget adopted for the Town of Longboat Key and for Longboat Key Beach Erosion Control Districts A and B for the Fiscal Page 2 of 3 Resolution

50 Year beginning October 1, 2018, and ending September 30, 2019, and the same is hereby appropriated for such purposes. SECTION 3. The total millage for the Town of Longboat Key for Fiscal Year 2019 shall be mills and shall be levied on all real and personal property within the Town of Longboat Key. The total millage for real and personal property located within the Longboat Key Beach Erosion Control District A shall be mills; and the total millage for the Longboat Key Beach Erosion Control District B shall be mills. SECTION 4. In accordance with Section (6), Florida Statutes, each taxing district may adjust its adopted millage rate if the taxable value within the jurisdiction of the taxing authority as certified is at variance from the taxable value shown on the roll to be extended; the adjustment shall be such that the taxes computed by applying the adopted millage rate against the certified taxable value are equal to the taxes computed by applying the adjusted adopted rate to the taxable value on the roll to be extended, and the Town Manager of the Town shall certify to the property appraiser the Town s adjusted adopted rate. SECTION 5. In accordance with Parts II and VI of Chapter 218, Florida Statutes, and other applicable Florida law, the Town of Longboat Key shall take all actions necessary to participate in the revenue sharing and in half-cent sales tax proceed programs. SECTION 6. Copies of this Resolution shall be furnished to the Boards of County Commissioners, the Property Appraisers, and the Tax Collectors of Sarasota and Manatee Counties, Florida, and to the Florida Department of Revenue for their immediate attention. SECTION 7. Effective Date: This Resolution shall take effect immediately upon adoption. Passed by the Town Commission of the Town of Longboat Key on this day of September ATTEST: George L. Spoll, Mayor Trish Shinkle, Town Clerk Page 3 of 3 Resolution

51 RESOLUTION A RESOLUTION OF THE TOWN OF LONGBOAT KEY, FLORIDA, ADOPTING A, FOR THE TOWN OF LONGBOAT KEY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; MAKING APPROPRIATIONS FOR THE PURPOSE OF MEETING EXPENSES AND EXPENDITURES SET FORTH IN SAID ; PROVIDING FOR COMPLIANCE WITH THE CAPITAL IMPROVEMENTS ELEMENT OF THE TOWN S COMPREHENSIVE PLAN; ADOPTING A FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM AND CAPITAL IMPROVEMENTS SCHEDULE FOR FISCAL YEARS ; PROVIDING AN EFFECTIVE DATE FOR THE ; PROVIDING FOR PUBLICATION; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE OF THE RESOLUTION. WHEREAS, Article V the Town Charter governs the Town Manager s submission of a budget to the Town Commission for consideration and authorizes the Town Commission to adopt a budget by ordinance or resolution; and WHEREAS, pursuant to the Town Charter, the Longboat Key Town Manager has filed his Recommended Budget and Budget Message setting forth work programs, capital improvement programs proposed to be undertaken in the next five (5) fiscal years, estimates of expenditures, revenues, and financings of the Town for the fiscal year beginning October 1, 2018, and ending September 30, 2019; and, WHEREAS, such estimates have been compiled from detailed information of income and expenditures from prior years, projections of future revenues and costs provided from staff, outside professionals, state and local governments, and other sources deemed necessary; and, WHEREAS, the estimates contained in such budget constitute a recommendation of the Town Manager as to the amount necessary to be appropriated for the fiscal year beginning October 1, 2018, and ending September 30, 2019; and, WHEREAS, the Town of Longboat Key Comprehensive Plan includes a Capital Improvements Element setting forth policies and strategies for the maintenance of a Capital Improvements Program (CIP) for the annual establishment of a five-year capital project program; and WHEREAS, Policy of the Town s Capital Improvements Element of the Comprehensive Plan, requires the maintenance of a Capital Improvements Schedule (CIS) that sets forth estimated project costs, funding sources, and completion timetables of capital projects required to meet established levels of service for the concurrency elements within the CIP; and, WHEREAS, the information contained within the CIP and CIS constitutes the Town s capital budget; and Page 1 of 3 Resolution

52 WHEREAS, the Town s Fiscal Year Budget includes the same capital budget data and information set forth within the Town s CIP and CIS, the Town seeks to streamline the adoption process for the CIP and CIS for Fiscal Year , and adopt the CIP and CIS at the same time as the Town s Fiscal Year Budget; and, WHEREAS, after due public notice, the Town Commission held public hearings on September 11, 2018, and September 24, 2018, to consider adoption of the Fiscal Year Budget; and, WHEREAS, the Town Commission has carefully considered the programs and estimates of the revenues and expenditures contained within the Town s Fiscal Year Budget as presented by the Town Manager; and, WHEREAS, the Town Commission has voted to set a millage rate prior to adoption of this budget; and, WHEREAS, copies of the above referenced tentatively Adopted and Budget Message are on file in the Office of the Town Clerk for inspection by the public. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COMMISSION OF THE TOWN OF LONGBOAT KEY, FLORIDA, THAT: SECTION 1. The above Whereas clauses are true and correct and are hereby ratified, confirmed and fully incorporated herein. SECTION 2. The expenditures necessary for the operation of the Town for the fiscal year beginning October 1, 2018, and ending September 30, 2019, are hereby adopted as the Budget for the said fiscal year and the revenues set forth are hereby appropriated for the purposes indicated according to the Budget incorporated herein by reference. SECTION 3. The Budget hereby includes and incorporates a five year Capital Improvements Plan and Capital Improvements Schedule for Fiscal Years as contemplated by the Town s Capital Improvements Element of the Comprehensive Plan. Adoption of the Budget shall be deemed adoption of the Capital Improvements Plan and Capital Improvements Schedule for the Fiscal Years SECTION 4. The Fiscal Year Budget shall take effect on the thirtieth day of September, 2018, at 12:00 midnight. SECTION 5. This Resolution shall be published in the Sarasota Herald- Tribune in accordance with advertising requirements. SECTION 6. If any section, subsection, sentence, clause, or provision of this Resolution is held invalid, the remainder of the Resolution is valid. SECTION 7. This Resolution shall take effect immediately upon adoption. Page 2 of 3 Resolution

53 Adopted following the second public hearing by the Town Commission of the Town of Longboat Key on the day of September, ATTEST: George L. Spoll, Mayor Trish Shinkle, Town Clerk Page 3 of 3 Resolution

54 TOWN OF LONGBOAT KEY RECOMMENDED SEPTEMBER 11, 2018 (Revised) FISCAL YEAR 2019

55 FY2019 RECOMMENDED TABLE OF CONTENTS Premier Community, Exceptional Service INTRODUCTION AND OVERVIEW Town Commission... 1 Appointed Officials / Department Heads... 2 Vision, Mission and Core Values... 3 Town Government... 4 Organization Chart... 5 Town Manager s Message... 6 Budget Development Process... 8 SUMMARY Budget Discussion & Analysis General Fund Budget in Brief General Fund... 9 Recommended Budget General Fund Revenue - A discussion of the local tax funding, including assessed valuation and millage rates and trends in non-ad valorem revenue General Fund Expenditures A discussion of major changes in expenses from FY18 to FY Pension A discussion of pension reform and impact on the budget Fund Balance A discussion on General Fund reserves and projected outcomes FY18 and FY Commission Contingency Long term debt Budget Discussion & Analysis Other Funds Enterprise Funds - A discussion on the Utility Fund and Building Fund Special Revenue Funds A discussion of major special revenue funds Capital Project Funds A discussion of major capital project funds Debt Service Funds Five Year Capital Improvement Plan by Fund FY19 Capital Outlay by Fund (New Spending) OTHER CONTENTS Summary of Ad Valorem Taxes General Fund - Detail by Account Number All Other Fund Detail by Account Number Five Year Capital Improvement Plan

56 TOWN COMMISSION Mayor George Spoll Vice Mayor Ed Zunz The Longboat Key Town Commission consists of seven members elected for 2-year terms. The current Town Commissioners and terms are as follows: Town Commissioner District 1 Randy Clair (March March 2020) Mayor and Town Commissioner District 3 Ken Schneier (March March 2020) Vice Mayor-Town Commissioner District 5 Ed Zunz (March March 2020) Town Commissioner District 2 George Spoll (March March 2019) Town Commissioner District 4 Jack Daly (March March 2019) Town Commissioner At-Large Irwin Pastor (March March 2020) Town Commissioner-At-Large Jim Brown (March March 2019) 1

57 Premier Community, Exceptional Service APPOINTED OFFICIALS Town Manager Thomas A. Harmer Town Attorney Maggie Mooney-Portale DEPARTMENT HEADS Town Clerk Trish J. Shinkle Finance Director Susan L. Smith Fire Chief Paul Dezzi Police Chief Peter Cumming Planning, Zoning & Building Director Allen Parsons Public Works Director Isaac Brownman Support Services Director Carolyn Brown Information Technology Director Jason Keen 2

58 Premier Community, Exceptional Service Vision Statement Longboat Key is a beautiful place to live, work, and visit, where the natural assets of a barrier island combine with cultural and recreational amenities, visionary planning, and proactive leadership to enhance your way of life. Mission Statement To vigorously maintain and preserve Longboat Key s status as a premier residential and visitor destination that supports the historic balance between residential, recreational, tourism, and commercial attributes, through a commitment to long-term and short-term planning excellence and measureable results. Core Values 1. The governance of the town shall encourage public involvement, and maintain a high-quality, stable workforce that provides excellent public services, including safety and disaster management, within a framework of sound fiscal planning. 2. The town shall support well-designed and well-maintained neighborhoods, communities, and commercial areas through the regulation and enforcement of landscaping and property maintenance codes for the beautification of the island and protection of property values. 3. The town will identify and support healthcare providers, adult education resources, and aging in place facilities, which increase the ability of residents to locally access necessary services. 4. The town will strengthen the ability of businesses to thrive year round on Longboat Key by encouraging commercial revitalization, development, and maintenance through clear regulations and incentives that support long-term planning for vibrant integrated commercial centers. 5. The town will develop a Gulf of Mexico Drive corridor plan to ensure compatible development while creating attractive public spaces and sense of community. 6. The town will maintain Longboat Key as a premier vacation destination and enhance year round tourism through continued revitalization, development, and maintenance of tourism-oriented businesses and amenities such as; lodging, cultural attractions, restaurants, golf courses, tennis facilities and beaches. 7. The town will maintain and improve the quality and variety of island-based recreational and educational opportunities, including high-quality community center, and will support and promote off-island recreational, cultural and urban attractions. 8. The town will pursue long-term transit system solutions that provide reasonable travel options within the town and offisland for residents, visitors, businesses and the local workforce, while maintaining and improving traffic circulation. 9. The town will protect the islands invaluable natural resources through Best Management Practices (BMP) and coordinated regional solutions for water quality, green building, irrigation, energy conservation, waste management, storm water and shoreline protection. 10. The town will continually identify and pursue appropriate state-of-the-art technological infrastructures that provide competitive advantages over other island resort. 11. The town recognizes the need to provide suitable amenities for visitors and residents of all ages. 3

59 Town Government The Town of Longboat Key was incorporated in 1955 as a political subdivision of the State of Florida and operates under a Charter that was adopted in 1955 and last revised by the voters in Longboat Key is a barrier island community located on Florida s West coast. The Town lies within two counties; the Northern portion of Longboat Key is in Manatee County and the Southern portion is in Sarasota County. The island is surrounded by the Gulf of Mexico on the West and Sarasota Bay on the East. Longboat Key is 10-miles long covering 4.75 square miles. The area is popular among retirees and is also a popular resort and second home community. Longboat Key has a population of approximately 7,697 permanent residents and grows to approximately 18,000 to 24,000 during peak tourist season. A majority of seasonal residents are on island for a few weeks to a few months. Gulf of Mexico Drive (GMD), also referred to as State Road 789, is the only main thoroughfare and runs North- South through the island. The Town is accessed by bascule (draw) bridges, from the South by New Pass Bridge connecting Longboat Key and Lido Key and Longboat Pass Bridge on the North connecting Longboat Key to Anna Maria Island. Both bridges connect to secondary roads to the mainland in each county which lead to major regional facilities, including Interstate 75, US 41, and US 301. These regional facilities provide access to Bradenton and Tampa to the North and Sarasota, Fort Myers, and Naples to the South. The citizens enjoy a full range of services including Police, Fire, Ambulance, Streets, Parks, Recreation, Public Works, Planning, Zoning, Building and General Administrative Services. The Town also operates a Town-wide water and wastewater transmission system. The Town purchases its water and wastewater treatment from Manatee County. Sanitation, electric, telephone, gas and cable television services are provided by franchisees. The Town includes two dependent Special Districts consisting of Longboat Key Beach Erosion Control District A (all properties from Gulf of Mexico Drive West; also including all commercial properties located on either side of Gulf of Mexico Drive) and Longboat Key Beach Erosion Control District B (all other property). These Districts will sunset when the General Obligation Bonds are retired in 2020 and will be replaced by two new Special Districts established in The Town has a Commission/Manager form of government. Seven Commissioners are elected for two-year terms. The appointed Mayor is the Commission's presiding officer. Elections are held annually with either four or three seats to be decided upon. The Town has five election districts and two At Large Commission seats. The Town Manager is appointed by the Commission and administers the daily operations of the Town through appointed department heads. The annual budgets are adopted on a basis consistent with generally accepted accounting principles for all governmental funds except the capital project funds, which adopt project-length budgets. Effective with the most recent charter change, the legal level of budgetary control is at the department level. Transfers of appropriations between funds and/or use of unallocated fund balances amend the budget and require approval by the Town Commission. The Town Manager may approve transfers of appropriations up to $20,000 within or between departments, offices, or agencies within the same fund. 4

60 Organizational Chart Finance Director Accounting & Budget Manager Budget Analyst Risk Spec. Accountant 1 Accountant 3 (2) Town Clerk Deputy Town Clerk Admn Asst Town Clerk Fire Chief Fire Marshal P/T Shift A Commander/ Deputy Chief Fire Lieutenant (2) Firefighter Paramedic (8) Assistant to the TM Administrative Asst. I T Director Emergency Services Specialist Computer Operations Specialist Shift B Commander/ Deputy Chief Shift C Commander/ Deputy Chief Information Technology Specialist Fire Lieutenant (2) Fire Lieutenant (2) Firefighter Paramedic (8) Firefighter Paramedic (8) Citizens Town Commission Town Manager Town Attorney PZB Director Public Works Director Building Official Office Manager Office Manager Project Manager Building Inspectors (2) Senior Planner Planner Public Works Utility Manager Fac / Rec / Str / Pks Manager Plans Examiner Code Enforce Officer Utilities Crew Leader Streets Crew Leader Permit Tech. Code Enf Asst PT Water Service Workers (3) Wastewater Service Workers (3) Streets Service Workers (5) Admin Aide Parks Service Workers (3) Support Services Director Human Resources Manager Purchasing Manager Merch. Admin Human Resources Generalist Court Maint. (P/T) Counter Help (P/T) Tennis Center Manager Head Tennis Pro Tennis Pro (P/T) Deputy Chief Police Chief Admin Asst Patrol Captain Police Service Technician Patrol Sergeant (4) Customer Service Specialist Marine Unit Police Officers (10) Reserve Unit Volunteer September 2018 Sergeant Detective Police Officer P/T 5

61 TOWN MANAGER S MESSAGE September 11, 2018 I am pleased to present the Town Commission with the enclosed spending plan for the Fiscal Year (FY19). This document represents the Town s financial priorities for the fiscal year and reflects a comprehensive process of allocating resources to services and projects that have been prioritized. The budget preserves the current level of services, maintains a flat operating mill rate of , as directed by the Commission at their July 9 Regular Meeting, and provides for scheduled replacement of equipment and other capital improvements. The Town Commission prioritized funded initiatives based on the benefit provided to the community and created a reserve substantially greater than that required by its own budgetary policy. Town revenues from tourism and related sales and other taxes remained stable and demonstrated growth rates commensurate with a stable economic base reflecting the strong state of the Florida economy. The assessed values for property tax in the Sarasota area has recovered in market value with recent new construction hitting the County Assessor s rolls. The development sector in 2017 continued to be busy in the residential sector and the 2019 Budget reflects a conservative fiscal policy balanced to revenues. The surplus generated since 2014 has driven the growth of fund balance as a percentage of operating budget to 49% for the 2019 aggregated Town budget. This proposal represents a balanced budget for the Town of Longboat Key for FY19 and is prepared in compliance with Town Charter and applicable State and local laws. The recommended budget for FY19 increases Fund Balance by $36,119 which is slightly less than the cost of one operating day. There was a reduction in General Fund Revenue of $150,000 for the transfer of gas taxes from the Road & Bridge Fund, which is used to offset street related operating costs. This is also the second year transfer of $300,000 of franchise fees, normally considered General Fund Revenue, moved over to the Neighborhood Undergrounding project. In summary, funding for activities supported by the General Fund is $16,463,440. The Town is benefitting through improved economic conditions as reflected in the fourth year of 4-5% increases in assessed value of property. The Recommended operating mill rate of is a flat mill rate from the prior year. Even though the mill rate stayed the same, the increase in assessed values resulted in additional tax revenue of $461,129. The Recommended beach millages are for District A (Gulf side) and for District B (Bay side) for debt issued related to North island sand placement and dredging initiatives. The debt millage for 2010 Facilities refunding bonds, expiring in 2020, is mills. My budget approach for FY19 was as follows: No increase in General Fund millage Continue to monitor and evaluate rate and fee structures Keep operating budgets flat Maintain publicly visible service levels Continue to seek more efficient methods of accomplishing the mission Carefully consider new project and initiative impacts Maintain support for the 5-year Capital Improvement Plan for scheduled vehicle replacement and infrastructure improvements Meet reserve policy requirements (90 days of reserves) Consider a Budget Stabilization Reserve for future economic downturn The current fiscal year marked some notable events, such as the hiring of a new Town Manager and three new senior staff members and the March election brought on a new Commissioner and the election of a new Mayor. Also on the ballot, the Town approved the borrowing of $5,895,000 to build a new South Fire Station and renovate the North Fire Station and approved a new Town Charter. The Town celebrated the Bayfront Park grand opening and developed a 6

62 Ringling College of Art & Design partnership for developing the programming and concept design plan of a new Arts Cultural and Education Center. A $3 million infrastructure project at the Emerald Harbour neighborhood, featuring 80 single-family residential units, has begun which will improve road depression, subsidence of road and curbing throughout the neighborhood, and degradation of the potable water distribution system and the sewer collections system. The Town also negotiated an agreement with Manatee County, which will provide the Town with a $60,000 annual reimbursement for patrolling on Greer Island. The Neighborhood Undergrounding assessments were finalized and bonds were officially validated. Both the Gulf of Mexico Drive (GMD) and Neighborhood projects are now underway and the bidding process is in motion, with bonds scheduled to be issued by December The project is an island-wide undergrounding design, which includes electrical, communications, fiber optics, and other utilities including the installation of street lighting. The Capital Project Funds will provide detailed accountability relative to the cost of undergrounding the utility lines. The Town split the undergrounding project into two separate referendums and two separate projects The GMD Undergrounding Project s annual assessments first appeared on the November 2016 tax bills and the Neighborhood Project will first appear on the November 2018 tax bills. The Town is in the process of collecting assessments from residents who choose to prepay the assessment through September 15, The Commission approved to reduce the amount of the Neighborhood General Benefit by 50 percent through the use of nonassessment non ad valorem revenue. This commitment is demonstrated by the annual transfer of $300,000 of franchise fees in both the 2018 and proposed 2019 budgets. The estimated Fund Balance for the current FY18 budget is projected to reach $7,980,877, which represents 178 operating days and 49% of annual expenditures. The FY19 budget intends to add $36,119 to this balance. This is well over the Town s fiscal policy of maintaining 90 days in reserves. The Town s strong financial position provides a timely opportunity to plan and prepare for a future downturn in the economy. The Town Commission approved an assignment of fund balance for economic uncertainty of 30 days for a total of $1,350,000 at their July 9, 2018 regular meeting. The Town also continued to maintain its $1,310,075 pension liability reserve. The Town is adequately prepared to handle any losses in revenues associated with the additional homestead exemption, as proposed by the State legislature. The Town s FY19 projected Unassigned Fund Balance is 113 operating days and the minimum Fund Balance Policy is 60 operating days. Under all foreseeable circumstances, the Town plans to maintain funds in excess of the requirements of its Fund Balance policy at all times. The FY19 Recommended Budget provides the Town the resources it needs to accomplish major projects over the next fiscal year. These capital initiatives will be discussed in more detail throughout this document. The Town will continue to ensure existing revenues are maximized and revisit the services we provide to determine if the most efficient models are being employed, while meeting our citizens' expectations. The FY19 Recommended Budget was prepared to fulfill the Town Commission s continued expectations of project and service delivery to our citizens in the upcoming year. This Budget will accomplish a number of significant capital improvements, provide for ongoing maintenance programs, and work toward improving several components of the Town s Vision for the future of Longboat Key. In summary, the 2019 Town of Longboat Key Budget is sound with investments to keep our economy stable, protect our natural environment and keep our infrastructure in good repair. Town employees continue to strive for a high level of public service and meeting the demands of the community and visitors. The management team and employees have made it their highest priority to concentrate on our service delivery being of the highest quality. The Town staff and I thank you for your discussions and input during this budget process as we finalize the Fiscal Year 2019 Budget. Respectfully submitted, Thomas A. Harmer Town Manager 7

63 DEVELOPMENT PROCESS Budget Process The annual budgets are adopted on a basis consistent with generally accepted accounting principles for all governmental funds except for Capital Projects funds, which adopt project-length budgets. The Town follows these procedures in establishing the annual budget: During the month of April, a Citizens Goals and Objectives workshop is held to obtain public input on the needs and desires of the constituents of Longboat Key. Department directors begin to compile their five-year capital improvement requests and their operating budgets during the month of May. The Town Manager and Finance Department meet with department directors to review the budget documents. On or before June 15 of each year the Town Manager presents the Preliminary Budget to the Town Commission and holds a series of public budget workshops during the month of June. A maximum mill rate is set in July and County and State agencies are notified in accordance with the Truth in Millage laws. On or before August 1, the Recommended Budget along with the Town Manager s Budget Message is provided to the Town Commission. At the first Regular Town Commission Meeting in September, a public hearing of the budget and millage resolutions takes place. Upon approval at the second public hearing, the millage and budget are legally adopted. Legal level of budgetary control The Town s annual budget is adopted by Resolution. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed the appropriations) is the department level. Examples of departments are Finance, Information Technology, Legal, and Police. The Town does not currently use program budgeting. The Town Manager may approve transfers of appropriations up to $20,000 between line items within or between departments. Transfers of appropriations greater than $20,000 must be approved by Resolution. Transfers of appropriations between funds and use of unallocated fund balances, amend the original budget and must be approved by Resolution (the same manner in which the budget is adopted). All appropriations, except for capital expenditures, shall lapse to the extent that it has not been expended or encumbered. Estimated carryovers of capital items are provided in the budget document. 8

64 DISCUSSION & ANALYSIS Budget in Brief General Fund The Recommended General Fund operating budget of $16,463,440 represents a $137,726 (0.8%) increase in spending from the previous year s adopted budget of $16,325,714. The Recommended operating mill rate of is a flat millage from the prior year. The increase in assessed taxable property values results in additional tax revenue of $461,129. This increase in tax revenue was sufficient to cover the operating expenses; and Fund Balance will increase by $36,119. FY2019 is year one of a new collective bargaining contract with the International Association of Fire Fighters (IAFF), currently under negotiation, and year three of the Police Benevolent Association s (PBA) contract. The Police Department contract provides for an average pay increase of 3.5%. General employees and at-will employees are disbursed based on merit. In 2017, the Town engaged a compensation consultant to review the general employees pay plan. A multi-year phase-in to their recommendations is underway to help keep employee compensation competitive with the surrounding communities. The combined merit and market adjustments produced a 3.35% average increase to General employees which were allocated among the departments. Overall, wages and benefits increased $212,392, which makes up 80.9% of the total budget as shown below, Operating costs make up 18.4% of the budget, with a decrease of $4,916 and Capital Outlay decreased $69,750. Original Budget 2018 Estimated Actual 2018 Preliminary Budget 2019 Change from Original 2018 Budget Revenues Ad Valorem $ 11,728,197 $ 11,730,554 $ 12,189,326 $ 461, % Non-Ad Valorem $ 4,259,339 $ 4,671,545 $ 4,310,233 $ 50, % Total Revenues $ 15,987,536 $ 16,402,099 $ 16,499,559 $ 512, % Expenditures Personnel $ 13,108,024 $ 12,885,209 $ 13,320,416 $ 212, % Operating $ 3,030,440 $ 2,618,164 $ 3,025,524 $ (4,916) -0.2% Capital Outlay $ 187,250 $ 187,250 $ 117,500 $ (69,750) -37.2% Total Expenditures $ 16,325,714 $ 15,690,623 $ 16,463,440 $ 137, % Budgeted Increase or (Decrease) to Fund Balance ($338,178) $ 711,476 $ 36,119 The Recommended Town Millage rates that were shown on the TRIM notice are listed below: OPERATING MILLAGE G. O. DEBT SERVICE BEACH BOND MILLAGE FY 2019 TOTAL MILLAGE DISTRICT A DISTRICT B

65 Budget in Brief General Fund continued The proposed operating millage of produces a 2.9% change from the Rolled-Back Rate of for tax year The Rolled-Back Rate is the rate, which, exclusive of new construction, will provide the same property (ad valorem) tax revenue as was levied during the prior year. The maximum operating millage of was set at the July 9, 2018 Regular Meeting. The final millage cannot be higher than The Recommended millage of must be adopted by a 2/3 vote of the governing body. Millage of and below can be adopted by a simple majority vote. Remaining page intentionally left blank 10

66 Town of Longboat Key Recommended Budget FY Millage ADOPTED * AMENDED ESTIMATED PROPOSED From ADOPTED to Proposed ACTUAL ACTUAL FY FY FY FY FY $ CHANGE % CHANGE Revenues: Property Taxes 11,181,013 11,728,197 11,728,197 11,730,554 12,189,326 $461, % Other Taxes 157, , , , ,000 $4, % Franchise Fees 968, , , , ,700 $41, % Licenses and Permits 24,754 33,400 33,400 21,866 27,600 ($5,800) (17.37%) Intergovernmental 1,349,665 1,292,000 1,292,000 1,368,932 1,364,800 $72, % Charges for Services 363, , , , ,680 $70, % Grants 93, $0 0.00% Fines and Miscellaneous 97,383 70,925 70, ,385 68,800 ($2,125) (3.00%) Income on Investments 55,431 50,500 50,500 81, ,766 $128, % Transfers From Other Funds 1,950,500 1,650,014 1,650,014 1,710,939 1,391,887 ($258,127) 4. (15.64%) Subtotal 16,241,642 15,987,536 15,987,536 16,402,099 16,499,559 $512, % (Addition to)/use of Fund Balance 0 338, ,178 (711,476) (36,119) ($374,297) (110.68%) Total Fund Revenues $16,241,642 $16,325,714 $16,325,714 $15,690,623 $16,463,440 $137, % Expenditures: Town Commission 20,845 30,100 30,100 14,166 30, % Legal Counsel 333, , , , ,000 (39,000) (8.04%) Town Manager 544, , , , ,487 (594,789) 5. (59.64%) Town Clerk 363, , , , ,942 (12,260) (2.98%) Finance 668, , , , ,352 35, % Information Technology 589, , , , ,018 72, % Support Services (frmly HR) 155, , , % Facilities 111, , , , ,191 18, % Police 3,120,368 3,220,348 3,220,348 3,126,590 3,114,704 (105,644) (3.28%) Fire/Rescue 6,184,861 6,601,657 6,596,557 6,625,398 6,925, , % Emergency Management 169,552 18, , ,354 32,400 13, % Public Works 582, , , , ,777 (104,417) 9. (15.91%) Parks 134, , , , ,566 (2,694) (1.13%) Planning and Zoning 614, , , , ,237 27, % Recreation 26,733 44,991 44,991 36,615 45, % Streets 615, , , , ,063 43, % General Services 309, , , , ,561 (30,385) (6.84%) Commission Contingency 0 250, ,000 22, , % Red Tide Contingency 5,560 50,000 50,000 15, ,000 50, % Total Expenditures $14,550,530 $16,138,464 $16,345,757 $15,443,373 $16,345,940 $207, % Transfers Out ,000 60, % Capital Outlay 518, , , , ,500-69,750 (37.25%) Total Expenditures $15,069,144 $16,325,714 $16,630,607 $15,690,623 $16,463,440 $137, % BEGINNING FUND BALANCE $ 6,096,903 $ 7,269,401 $ 7,269,401 $ 7,269,401 $ 7,980,877 Projected Balance Addition to (Use of) Fund Balance 1,172,498 ($338,178) ($643,071) $711,476 36,119 ENDING FUND BALANCE $ 7,269,401 $ 6,931,223 $ 6,626,330 $ 7,980,877 $ 8,016,996 _ $2,973,075 is Assigned 1. Increase in taxable values produces a $461,129 revenue increase with flat mill rate. 2. Charges for services include $60,000 for Manatee County reimbursement of marine patrol at Greer Island. 3. Investment rates are rising. Investment advisor provides estimates which are allocated among funds. 4. Transfer from Road and Bridge Fund decreased by $200, A new Support Services Director will oversee Human Resources and Purchasing; costs were transferred to this new Department. 6. Annual support / licensing for new ERP components. First year of support was included in purchase price in the prior year. 7. Building maintenance budgets moved from other departments into faciities where they are managed. 8. Hurricane Conferences previously budgeted in other departments were moved to the Emergency Management Department. 9. Two senior management retirement payouts were budgeted in prior year. 10. Higher than normal Red Tide expenditures expected in new fiscal year. * Current amended FY18 budget includes the carryover of open purchase orders from the prior fiscal year 2017 in the amount of $304,

67 General Fund Revenue The following is a brief analysis of major revenue sources and an analysis of assessed valuations and millage rates. Assessed Valuations / Millage Rates / Property Taxes The value of all taxable property is assessed as of January 1 of each year. Sarasota and Manatee County Property Appraisers provide the Town with preliminary estimates of taxable values on or before June 1 of each year. Certification of the tax rolls occurs on July 1 of each year. Due to the recession, taxable values declined every year from 2009 through 2013 and showed the first sign of improvement in The combined certified assessed value on July 1 was $5,974,402,295 increasing 3.99% (3.33% Sarasota County and 5.58% Manatee County). The following chart shows a twelve-year history of taxable values since 2007 and shows the inverse relationship between property values and mill rate. Generally, as property values increase, mill rates tend to decrease. $7,000,000,000 $6,000,000, Taxable Value $5,000,000,000 $4,000,000,000 $3,000,000,000 $2,000,000, Mill Rate $1,000,000,000 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Taxable Value in Millions 6,555 6,599 5,947 5,358 4,868 4,644 4,577 4,698 4,933 5,190 5,465 5,744 5,974 Mill Rate Property taxes are the Town s major source of revenue, representing 73.7% of all revenue sources, including use of Fund Balance. Property taxes become due and payable on November 1 and a 4% discount is allowed if the taxes are paid in November, with the discount declining by 1% each month thereafter. Because of this discount, the Town applies a discount rate of 3.5% to the total taxable value before calculating the mill rate. The mill rate is applied to every $1,000 of assessed property to determine a property s tax bill. The Recommended mill rate of is the same rate charged in the prior year and generates $12,189,326 in property tax revenue. Due to increased assessed values, the total additional tax revenue generated is $461,

68 General Fund Revenue continued Assessed Valuations / Millage Rates / Property Taxes continued ADOPTED ESTIMATED PROPOSED INCREASE ACTUAL (DECREASE) FY FY FY Property Tax Revenues: Property Taxes-Sarasota County $8,267,685 $8,270,041 $8,541,098 $273,413 Property Taxes-Manatee County $3,460,512 $3,460,512 $3,648,228 $187,716 Total Property Tax Revenue $11,728,197 $11,730,554 $12,189,326 $461,129 The CPI factor to be applied to homestead properties for FY19 is 2.1%. This means that on properties that have the homestead exemption, and their 2018 assessed value is higher than their 2017 assessed value, the taxable value will go up by 2.1%, the maximum allowed by Statute. Non ad valorem revenue The proposed non-ad valorem revenues, excluding use of Fund Balance, as shown below, are estimated to be approximately $50,894 higher when compared to last year s adopted budget. Non ad valorem Revenues: ADOPTED ESTIMATED PROPOSED INCREASE ACTUAL (DECREASE) FY FY FY Other Taxes $155,000 $155,000 $159,000 $4,000 Franchise Fees 659, , ,700 41,700 Licenses and Permits 33,400 21,866 27,600 (5,800) Intergovernmental 1,292,000 1,368,932 1,364,800 72,800 Charges for Services 348, , ,680 70,180 Fines and Miscellaneous 70, ,385 68,800 (2,125) Income on Investments 50,500 81, , ,266 Transfers From Other Funds 1,650,014 1,710,939 1,391,887 (258,127) Subtotal 4,259,339 4,671,545 4,310,233 $50,894 (Addition to) Use of Fund Balance 338,178 (711,476) (36,119) (374,297)) Total Non-Ad valorem Revenues $4,597,517 $3,960,069 $4,274,114 ($323,403) There has been very little growth in non-ad valorem revenues in the form of licensing, permits and local business taxes. Revised estimates from the State show slight increases in Sales tax, Communication Services tax and Local ½ Cent Sales Tax. Charges for services were increased $60,000 for a new interlocal agreement with Manatee County for patrolling Greer Island and an additional $10,000 was added to zoning permits/fees based on historical collections. Income on Investments. We have increased investment income by $128,266. The Federal Reserve funds rate increased three times in 2017 and two times in 2018 with at least one additional rate hike anticipated in the remainder of This impacts the rate of return the Town receives on its investment pool. The Town s investment advisor assists the Town with estimating income. 13

69 General Fund Revenue continued Non ad valorem revenue continued The Town Commission agreed to reduce the General Fund s Electric Franchise fees by $300,000 and allow that revenue to be used toward the Neighborhood Undergrounding project. A general consensus was made in September 2016 to try and reduce the General Benefit assessments for the Neighborhood Undergrounding by 50%. One way to accomplish this is to provide for other Non-Ad valorem revenue equal to 50% of the debt service that would be required to cover the General Benefit costs. This is the second year the transfer is being made, ahead of any debt issuance. As a result, the Town was able to unassign $370,308 of General Fund Fund Balance reserves toward that purpose. Transfers from Other Funds are considered an other financing source of revenues that originated in another fund. For example, the Town is allowed to use gas taxes to pay for street department expenditures (excluding street light costs). During the recession, the Town started using the taxes collected in the Road and Bridge Fund to offset General Fund expenses. The transfer from the Road and Bridge Fund has been reduced by $200,000 to limit the transfer so that the Road and Bridge Fund can be built up again for future road infrastructure initiatives contained in the five year capital plan. Transfers In from Water and Sewer Enterprise Fund and Building Fund are reimbursements from the Enterprise Funds for administration and support services the Town provides to these other funds. The Town procures outside consultant services periodically to perform indirect cost studies and the Finance Department then updates those models with the proposed budget numbers, accounting for any staff changes, as deemed appropriate. A periodic Building Department study is underway. The Utility fund study was last performed in The transfers from the Building Fund and Utility Fund into the General Fund are $265,000 and $1,026,887 respectively. 14

70 General Fund Expenditures The chart located at the left provides a summary of spending by function with fire and police making up $10.1 million or 61.0% of the General Fund budget, followed by general government of $4.9 million or 30.0% of budget. General government is further broken down by department in the chart located below right. The Transportation budget of $698,063, includes repairs and maintenance of buildings, grounds, automotive equipment, equipment, right of way, signage, storm drains and the cost of electricity for street lights. The Parks & Recreation budget of $280,658, includes repairs and maintenance and supplies for all Town parks and upkeep of the Recreation Center. 1.5% of the total budget is allocated to Contingency to be used by the Commission in unforeseen emergencies or for special projects that may be required during the year. Red tide conditions continue to persist in Southwest Florida from Collier County up through Pinellas County. An additional $100,000 was added for Red Tide Expenses for FY The total recommended budgeted expenditures, including capital outlay, are $16,463,440, which is an increase of $137,726 or (0.84%) from the FY 2018 Adopted Budget. Excluding wage increases, departments were asked to keep budgets flat or close to last year s spending levels where possible. Major swings in departmental costs are explained on the following pages. Capital outlay is budgeted at $117,500, which is a decrease of General Government Expenses 2018 and 2019 $69,750 or (37.3%) from the prior fiscal year. Most of our capital outlay Town Commission $30,100 $30,500 is being funded in capital project funds Municipal Bldgs $125,388 $144,191 and through infrastructure surtaxes. Town Clerk $411,202 $398,942 General Government Expenses is shown at the right by Department for Town Manager $997,276 $402,487 both 2018 and 2019 for comparison. General Services $443,946 FY 2018 was the first year where $413,561 Human Resources and Purchasing Town Attorney & Other $485,000 $446,000 were combined with the Town Manager s budget. A new Support Support Services $- $510,476 Services Director will be hired in Public works $656,194 $551,777 FY2019 who will oversee those departments. We have incorporated Planning & Zoning $601,320 $629,237 this change into a new Support Information Technology $632,953 Services Department. The costs were $705,018 removed from the Town Manager s Finance $676,660 $712,352 budget based on the new hierarchy. Most budget increases are due to wages and benefits as most operating cost budgets were kept flat. The Information Technology Budget also had an increase for annual support costs for the new financial accounting system. The first year of support costs had been included in the purchase price and were not required in the I.T. budget last year. Municipal Buildings increased slightly because we moved the building related maintenance costs out of the individual departments and into the budget that is managed by the facilities manager. A slight decrease in legal was also based on an analysis of hours required in FY

71 General Fund Expenditures continued Staff changes. The Assistant Town Manager position was replaced with a Support Services Director. A part-time administrative position was added to assist the Code Enforcement Officer. Due to three DROP retirements in Public Works, Finance and Planning & Zoning offices, some personnel were promoted or reassigned to other positions. Wages. Exempt and General Employees receive merit based wage increases based on performance while Police and Fire are contractual agreements negotiated every three years. Staff evaluations take place annually in July and August. Departmental budgets are adjusted with the finalized raises for General and Exempt Employees and are reflected in the September budget document. General Employees received an average of 3.35%. Police will receive contractual increases, which average 3.5% based on their contract. The Firefighter contract is currently in negotiations and is anticipated to be finalized by the end of the calendar year. The FY 2019 budget includes one-time payouts for employees who have given notice of retirement. These onetime costs, including related fringe benefits provided, are estimated to be $32,000 Pension and Florida Retirement System (FRS) The Town Consolidated Pension contribution is increasing 3.3% or $109,751 or a total contribution of $3,393,342 for FY19. The contribution rate for the Firefighters Florida Retirement System has gone up 1.23% to 24.50%, and resulted in an increase in the budget of $61,807 pending the outcome of the final negotiated contract. Insurances. The Town is a member of Public Risk Management ( PRM ), a purchasing cooperative of governmental agencies for the purpose of banding together to obtain the most competitive contracts for providing Property & Casualty and Employee Benefit Insurances. The Town s current health provider has increased rates by 4%, which is a surprisingly modest increase. Life insurance and long term disability rates remained stable after large increases in the prior years. The Town has budgeted a 10% increase for worker s compensation and property & casualty insurances. A 15% increase has been budgeted for flood. Capital Outlay. A capital outlay is money the Town spends either to purchase a fixed asset or to extend its useful life. Fixed assets are those that appear on the Government Wide Statement of Net Position as either depreciable capital assets or non-depreciable capital assets (such as Land or Construction in Progress). Capital outlays are also commonly referred to as capital expenditures. The Town s capital outlay to be funded by ad valorem taxes decreased by $69,750 from the prior year based on scheduled replacement needs and the availability of funds from the new Manatee Infrastructure Surtax. Below are the items selected for funding and will be accounted for in the Capital or Nonrecurring fund, which is a new capital project fund established in FY18. Other capital outlay will be addressed in more detail later in this budget summary. General Fund Capital Budget PZB Code Enforcement SUV 4x4 $30,000 Facilities Parking Lot Repair $20,000 Parks Department Utility Cart (2) $15,000 Facilities Irrigation Wells $15,000 Information Technology Advanced Scheduling Software - Fire Dept. $15,000 Information Technology Network Upgrades $10,000 Information Technology Performance Evaluation Software $7,500 Information Technology Badge Card/Camera/Security System $5,000 $117,500 16

72 General Fund Expenditures continued Pension Discussion Pension. The Town successfully negotiated a plan freeze for the Firefighters plan and the General Employees plan effective September 30, Subsequently, the Police pension plan was frozen effective February 1, In lieu of the defined benefit plan, the Police officers and General Employees opted for a Town-sponsored defined contribution (401a) plan and the Firefighters opted to join the Florida Retirement System (FRS). The plan assets of all three plans were consolidated during FY2016 and the Consolidated Retirement System uses a rate of return assumption of 7%. The four-year smoothing actuarial rate of return fell just short of the 7% assumption. Below is a history of Pension and Other Retirement Costs for the past six years. The chart visually shows the annual pension contribution decrease in FY14 due to the impact of the freeze. The increases subsequent to the freeze for the defined benefit plan are caused from State mandatory increases in the FRS rates, modified mortality tables and self-imposed reductions in the rate of return assumption. In FY15, the Town Commission contributed an additional $1,268,000 over the annual required contribution, largely due to the BP Oil Settlement. The total contribution of $3,393,342 for all three frozen plans increased 3% for FY2019, which represents 20% of the total budget. $5,500,000 Pension and Other Retirement Costs FY13-FY19 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- Other Retirement $237,713 General Pension $986,240 Police Pension $824,909 Police Pension $633,704 Fire Pension $1,542,566 Other Retirement $562,589 FRS - Fire $171,196 General Pension $598,068 Fire Pension $1,529,896 Other Retirement $593,040 FRS - Fire $232,175 General Pension $704,515 Police Pension $621,921 Fire Pension $2,906,549 Add'l Contribution of $1,268,000 from General fund assigned balance $300k and BP proceeds $968k Other Retirement $616,430 FRS - Fire $324,812 General Pension $738,676 Police Pension $623,019 Fire Pension $1,758,137 Other Retirement $626,333 FRS - Fire $537,453 General Pension $605,168 Police Pension $665,898 Fire Pension $1,740,996 Other Retirement $689,476 FRS - Fire $567,574 General Pension $742,489 Police Pension $664,376 Fire Pension $1,876,726 Other Retirement $680,624 FRS - Fire $629,381 General Pension $758,168 Police Pension $654,726 Fire Pension $1,980, Actual 2014 Actual 2015 Actual 2016 Actual 2017 Actual 2018 budgeted 2019 budgeted 17

73 Fund Balance General Fund The actual amount of Fund Balance is not known until the completion of the annual audit, which takes place between three to six months after the end of the fiscal year being audited. Therefore, as part of the annual budget process, an estimate of Fund Balance (also called projected ending Fund Balance) must be made during the annual budget adoption process. The Town s General Fund ended FY17 with a total Fund Balance of $7,269,401. For fiscal year ending September 30, 2018, we project FY18 revenues of $16,402,099 to exceed FY18 expenditures in the amount of $15,690,623. This results in an operating surplus to Fund Balance in the amount of $711,476 for FY2018, providing for an ending Fund Balance of $7,980,877, which is approximately 178 days of operating costs. The Town s Fund Balance Policy provides for a target of 90 days total Fund Balance. *No. of Days Target FY18 Beginning Balance $ 7,269, Projected FY18 Revenues $ 16,402,099 Projected FY18 Expenditures $ (15,690,623) Projected FY18 Change to Fund Balance$ 711,476 Projected Ending FY 18 Fund Balance $ 7,980, * FY18 Operating Cost Per Day = $42,311 The Town has, in effect, built up its Fund Balance for the past several years due to reduced spending and some conservative budgeting practices for revenues. Maintaining a healthy Fund Balance serves several purposes. It maintains investment-grade credit ratings so the Town pays less interest on its borrowings. It helps meet seasonal shortfalls in cash flow and reduces susceptibility to emergency or unanticipated expenditures and/or revenue shortfalls. Fund Balance information is also used to identify the available resources to repay long-term debt, reduce property taxes, add new services or expand existing ones, or enhance the financial position of the Town, in accordance with policies established by the Town Commission. Recognizing the Town s strong financial position, the Town Commission authorized an assignment of $1,350,000 (30 operating days) of Fund Balance for an economic uncertainty reserve in preparation for a future downturn in the economy. This compliments the pension liability reserve of $1,310,075. The Recommended FY2019 budget is a balanced budget with a small surplus to fund balance of $36,119. This increases the number of operating days to 179, based on the new calculated cost per day of $44,783 using FY2019 budgeted expenses. *No. of Days Target Projected FY18 Unassigned Ending General Fund Balance $ 6,357, Non-Spendable (Fuel Inventory, Prepaid Expenses) $ 13,000 Assigned to Encumbrances (estimate) $ 300,000 Assigned to Pension $ 1,310,075 Projected FY18 Total Fund Balance $ 7,980, Estimated FY19 Revenues $ 16,499,559 Estimated FY19 Expenditures $ (16,463,440) Estimated Revenues Exceeding Expenditures $ 36,119 Estimated FY19 Ending Fund Balance $ 8,016,

74 Fund Balance General Fund continued The Town s Fund Balance Policy states, "The desired unassigned General Fund fund balance shall be not less than two months (60 days) or 16% of General Fund operating expenditures. The desired combined unrestricted available fund balances should not be less than three months (90 days) or 25%. The three month minimum is based on the caveat that there is sufficient cash available for borrowing in other funds in case of a natural disaster. Based on our projections, the Town will be in compliance with its policy for both Total and Unassigned Fund Balance categories, for fiscal year ending September 30, 2019, as shown below. *No. of Days Target FY19 Unassigned Ending General Fund Balance $ 6,393, Non-Spendable (Fuel Inventory, Prepaid Expenses) $ 13,000 Assigned to Encumbrances (estimate) $ 300,000 Assigned to Pension $ 1,310,075 FY19 Total Fund Balance $ 8,016, * FY19 Operating Cost Per Day = $44,783 Below is a chart showing a Fund Balance history for the General Fund over the past ten years, with the blue representing 90 operating days of Fund Balance and the green representing the amount of reserves greater (or less in red) than 90 operating days. $8,450,000 $7,450,000 $6,450, $5,450,000 $4,450,000 $3,450,000 $2,450,000 $1,450,000 $450, E S T I M A T E E S T I M A T E $(550,000) /- 90 Days $1,848,144 $2,064,988 $2,143,040 $1,366,783 $909,067 $(538,304) $678,895 $1,581,723 $2,527,773 $3,681,641 $4,158,127 $3,986, Days $3,416,490 $3,437,100 $3,224,520 $3,643,380 $3,555,090 $3,717,360 $3,501,270 $3,798,900 $3,569,130 $3,587,760 $3,822,750 $4,030,470 19

75 Commission Contingency The Town builds a contingency department budget of approximately 1.5% of the total budget for emergencies, unforeseen expenses, or special projects that may occur during the year that may be used at the discretion of the Town Commission. The Town budgeted $250,000 in both FY18 and FY19, in addition to $100,000 designated for clean-up activities related to Red Tide. An additional $50,000 was added for Red Tide due to the unusual persistence of algae bloom reaching as far south as Collier County and north to Pinellas County. Management is also mindful of the potential impacts on tourism and related impacts to tourism development tax and sales tax revenues that could be effected. Long Term Debt On March 20, 2018, the Town s electors voted to authorize the Town s borrowing of up to $5,895,000 for the construction of a new South Fire Station and the renovation of the North Fire Station (the Project ). The Project includes costs to finance the design, demolition, construction, replacement, reconstruction, renovation, improvement, and/or equipping of both Fire Stations. The Town received a AA+/Stable bond rating from Standard & Poors on August 9,, 2018 on the 2018 Series General Obligation Bonds. The Town sold bonds competitively on August 22, 2018 and received an interest rate of 3.33% with final pricing All-In True Interest Cost of 3.476%. The Town will close the bond sale on September 12, 2018 with a Total Par Value of $5,655,000. As of September 30, 2018, the Town of Longboat Key will have total bonded debt outstanding of $21,540,865, as follows: Bonds: General Obligation Facilities Bonds (1999 Refunding) 2010 Bank Loan $ 555,000 General Obligation Note Sewer Series 2009 $ 2,059,100 General Obligation Note Sewer (Partial Refunding) Series 2014 $ 4,618,636 General Obligation Beach Bonds (Bank Loan) Series 2016 $ 5,453,149 General Obligation Fire Station Bonds Series 2018 $ 5,655,000 $18,340,885 Notes: Water and Sewer State Revolving Fund Note Payable $ 3,199,980 Total Outstanding Debt $ 21,540,865 The Town is expected to issue additional bonds associated with the Undergrounding Project by the end of calendar year On November 3, 2015, the Town s electors voted to authorize the Town s borrowing of up to $25,250,000 for undergrounding utilities (electric, telephone, cable and fiber optic) and feeder lines on Gulf of Mexico Drive, including Binnacle Point in Spanish Main and on Broadway ("GMD Undergrounding Project"). Following the voter approval of the GMD Undergrounding Project, the Town Commission decided to move forward with posing a second referendum question to the Town voters related to the issuance of additional debt of $23,850,000, for the purpose of financing the costs of undergrounding the remaining utilities within the neighborhood and side street areas of the Town ("Neighborhood Undergrounding Project"). The voters approved this referendum on March 15, Additional information about the Town s debt is located on page

76 DISCUSSION & ANALYSIS OTHER FUNDS Other Legally Adopted Budgets The Town maintains twenty-nine (29) other funds, as shown above, in addition to the General Fund. These funds were legally established for a specific purpose. Each fund has a self-balancing set of accounts and often have funding relationships to each other. The budget detail provided in this document also provides for anticipated carryover amounts for encumbrances and multi-year projects previously authorized in prior fiscal years. It should be noted that the amount of carryover may vary from what is displayed in this budget document. We will carryover no more than originally authorized or encumbered amounts that exist on September 30, 2018, which is the Town s fiscal year end close date. Some of the major funds are discussed below. Enterprise Funds Enterprise funds are business-type activities generally used for services for which the Town charges a fee. These funds are summarized below. Water and Sewer Utility Fund (#401/404) The Public Works Utility Division bills its residents monthly for water, sewer, solid waste and recycling. Rates charged for solid waste and recycling are passed through to the resident s bill based on contractually agreed upon rates with the Town s service provider, as well as pass-through charges by Manatee County for tipping fees. The Town has a solid waste contract with Waste Management that expires in Solid waste and recycling portions of the utility bill are accounted for separately and turned over to Waste Management. Only the water and sewer services are reflected in the Utility Fund. 21

77 Enterprise Funds continued Water and Sewer Utility Fund (#401/404) continued The Town contracts potable water supply and wastewater treatment services with Manatee County. The Town of Longboat Key pumps its collected raw wastewater from a master pump station on the Key to the Manatee Southwest Regional Wastewater Treatment plant on the mainland, which is transported by a 20-inch ductile iron force main that was installed in The Town proactively sought out a condition assessment of the subaqueous pipeline to determine when the pipeline across Sarasota Bay will need replacement, in order to avoid the possibility of pipeline failure and potential environmental impacts. It has been determined that the estimated useful life remaining is years. Based on this outcome, staff will now focus on certain areas of the pipe that need repair or monitoring. In addition, the Town is pursuing design of a redundant subaqueous pipeline and preliminary engineering and analysis of the long term permit for an open cut of Sarasota Bay. The Utility also has available authorized but unissued debt of $13,130,426 available for such a project. The Utility capital budget also addresses the Emerald Harbor upgrades, continued rehabilitation of sewer lines and lift station upgrades. We expect to bring forward any Manatee County pass-through rate increases as they become effective, in addition to any other rate increase needed for the Town s long-term capital plan. The list located at right, are the current capital Fund Project Title FY18 PO Carryover FY19 New Spending FY19 Budget including Carryover WASTE WATER DIVISION 404 Rehabiliation of Sewer Lines $ 9 $ 500,000 $ 500, Lift Station Rehab (Intermediate) 100,059 $ 206,000 $ 306, Lift Station Rehab (Minor Stations) 77,456 $ 390,000 $ 467, Undergrounding Project Repairs-Waste Water - $ 150,000 $ 150, Wetwell & Manhole Repair - $ 125,000 $ 125, replacing Sewer Laterals - $ 100,000 $ 100, SCADA Upgrade 39,423 $ 100,000 $ 139, Lift Station Permanent By-pass Pump - $ 80,000 $ 80, Liftstation Electrical Upgrades - $ 60,000 $ 60, Portable Generator Replacement - $ 55,000 $ 55, GMD Gravity Crossing/Lift Station C Forcemain 603,095 $ 55,000 $ 658, Lift Station Pumps 22,668 $ 30,000 $ 52, Lift Station E -New metal Roof - $ -00 $ Wastewater Collection Subaqueous 162,363 $ -00 $ 162, Work Truck Replacement - $ -00 $ Wastewater Collection REHAB 26,675 $ -00 $ 26, Lift Station 9D Rehab 10,000 $ -00 $ 10, Lift Station 8D Rehab - $ -00 $ Crane Truck Replacement 85,000 $ -00 $ 85, Trailer Mounted ByPass Pump - $ -00 $ -00 WATER DIVISION 404 Water Distribution Rehab 50,452 $ 500,000 $ 550, Asbestos Cement Pipe Replacement - $ 300,000 $ 300,000 Replace/Install Large Diameter Mainline Water 404 Valves - $ 150,000 $ 150, Undergrounding Project Repairs - Water - $ 150,000 $ 150, Mid Key Water Storage Tank Inspection and Repairs - $ 90,000 $ 90, South Key Water Storage Tank Inspection and Repairs - $ 90,000 $ 90, Bobcat Excavator - $ 75,000 $ 75, Water Station Upgrade 21,582 $ 50,000 $ 71, Truck replacement - $ 30,000 $ 30, Meters 9,847 $ 15,000 $ 24, Longview Inerconnect Loop w/ Bayou Sound - $ -00 $ Water Main Inspection 32,752 $ -00 $ 32, LB Pass Subaqueous Replacement 154,655 $ -00 $ 154, Emerald Harbor Utility Upgrades 2,169,552 $ -00 $ 2,169, Valve Excercising Machine - $ -00 $ Leak Detector With GIS Datalogger 13,479 $ -00 $ 13,479 GENERAL ADMININSTRATION 404 GIS 64,000 $ -00 $ 64, Financial Software 13,992 $ -00 $ 13,992 TOTAL 404 UTILITY FUND $ 3,657,059 $ 3,301,000 $ 6,958,059 needs for the upcoming budget. It excludes contingency and investment expenses totaling $204,016. The Town internally accounts for this enterprise using two funds, one for operating costs and one for capital projects. The proposed expenditure budget for operations is $9,294,271 and the capital fund is proposed at $7,162,076, for a total budget of $16,456,347. The pie chart shown represents the combined operating and capital budget. The Town has budgeted water sales at $4.02 million and sewer collection charges at $4.24 million for FY19. Detail of this fund can be found later in this document. 22

78 Enterprise Funds continued Water and Sewer Utility Fund (#401/404) continued Below is a summary of Fund 401 Utility Operating Fund and Fund 404 Utility Capital Fund. These funds are combined for financial reporting purposes in the Comprehensive Annual Financial Report. Water and sewer increases are built into the budget for Manatee pass-through rate increases, which went into effect April 1, Included in fund balance are investments in capital assets (approximately $16.5 million) which is nonspendable. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund WATER AND SEWER FUND ESTIMATED REVENUES Charges for Services $ 8,031,200 $ 8,422,000 $ 7,445,032 $ - $ 8,272,000 $ 8,272, Investment Earnings $ 55,286 $ 50,000 $ 37,182 $ - $ 94,269 $ 94, Miscellaneous Revenue $ 4,371 $ 4,600 $ 5,337 $ - $ 4,700 $ 4, Late Fees $ 43,785 $ 25,000 $ 103,895 $ - $ 50,000 $ 50, Other Financing Sources $ 13,558 $ - $ - $ - $ - $ - TOTAL ESTIMATED REVENUES $ 8,148,200 $ 8,501,600 $ 7,591,446 $ - $ 8,420,969 $ 8,420,969 APPROPRIATIONS GENERAL-Inv Exp $ 7,272 $ 7,320 $ 2,672 $ - $ 3,230 $ 3, WATER $ 1,699,559 $ 2,448,897 $ 1,733,130 $ - $ 2,304,581 $ 2,304, WASTEWATER $ 2,499,682 $ 2,551,014 $ 2,162,655 $ - $ 2,599,337 $ 2,599, UTILITY GENERAL $ 1,912,710 $ 1,890,050 $ 173,896 $ - $ 2,004,602 $ 2,004, DEBT SERVICE - UTILITY $ 370,582 $ 355,074 $ 360,838 $ - $ 348,134 $ 348, OTHER FINANCING USES-GENL UTILITY $ 930,000 $ 1,056,810 $ 883,885 $ - $ 2,034,387 $ 2,034,387 TOTAL APPROPRIATIONS $ 7,419,805 $ 8,309,165 $ 5,317,076 $ - $ 9,294,271 $ 9,294,271 NET OF REVENUES/APPROPRIATIONS - FUND 401 $ 728,395 $ 192,435 $ 2,274,370 $ (873,302) $ (873,302) BEGINNING FUND BALANCE $ 24,244,939 $ 24,973,334 $ 25,165,769 ENDING FUND BALANCE $ 24,973,334 $ 25,165,769 $ 24,292,467 ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund WATER & SEWER CAPITAL FUND ESTIMATED REVENUES Investment Earnings $ 10,942 $ 36,000 $ 33,959 $ - $ 99,533 $ 99, Other Financing Sources $ - $ 196,000 $ - $ - $ 1,000,000 $ 1,000,000 TOTAL ESTIMATED REVENUES $ 10,942 $ 232,000 $ 33,959 $ - $ 1,099,533 $ 1,099,533 APPROPRIATIONS GENERAL-Inv Exp $ 1,009 $ 4,300 $ 2,349 $ - $ 4,016 $ 4, WATER $ 243,911 $ 3,104,250 $ 652,700 $ 2,452,319 $ 1,450,000 $ 3,902, WASTEWATER $ 608,366 $ 2,380,733 $ 1,045,634 $ 1,126,749 $ 1,851,000 $ 2,977, UTILITY GENERAL $ (852,277) $ 283,890 $ 55,898 $ 77,992 $ 200,000 $ 277,992 TOTAL APPROPRIATIONS $ 1,009 $ 5,773,173 $ 1,756,581 $ 3,657,060 $ 3,505,016 $ 7,162,076 NET OF REVENUES/APPROPRIATIONS - FUND 404 $ 9,933 $ (5,541,173) $ (1,722,622) $ (2,405,483) $ (6,062,543) BEGINNING FUND BALANCE $ 7,942,348 $ 7,952,281 $ 6,068,168 ENDING FUND BALANCE $ 7,952,281 $ 2,411,108 $ 5,625 23

79 Enterprise Funds continued Building Fund (#402) The Building Division accounts for all revenues collected from building permits and inspections, as well as the costs of delivering those services. As a result of several major, approved projects in FY15 and beyond, the department remains busy. Numerous single-family homes are under construction on scattered lots, including the tear down of older homes to facilitate new construction. Other projects currently under construction include the Bonaire development, which is a beachfront detached condominium with nine upscale residential units, and two new restaurants; the Shore Restaurant and the Buccaneer Restaurant. The Longboat Key Club will be adding approximately 300 units with conference space and the Colony will be redeveloped as the St. Regis Hotel over an estimated 30-month construction timeframe. The Department has experienced some changes in key management positions with the hiring of a new Planning Zoning & Building Director, a new Building Official and the replacement of the retiring Town Planner. To better meet the needs of the division, additional emphasis and training are being directed toward the new financial accounting system and obtaining inspection and plan review cross-certification for existing staff. In addition, several outside inspection companies were placed under contract to assist with inspection and plan review services while long-term staffing needs are evaluated. Continued development on the island is keeping revenues steady estimated at $1,191,358 for FY19. The total expenditures are $1,608,798, which includes a capital project carryover for the Town-wide financial computer system and office space reconfiguration in the amount of $80,603. The projected ending Building Fund balance for FY19 is estimated at $814,352. An independent study of building permit fees and the indirect cost allocation of General Fund services is underway which could impact future building permit revenue structure and the amount reimbursed to the General Fund for support services. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund BUILDING DEPARTMENT ESTIMATED REVENUES Licenses and Permits $ 3,540 $ 14,000 $ 1,255 $ - $ 12,800 $ 12, Charges for Services $ 1,109,987 $ 1,154,070 $ 1,153,298 $ - $ 1,144,725 $ 1,144, Investment Earnings $ 7,699 $ 5,000 $ 8,181 $ - $ 22,553 $ 22, Miscellaneous Revenue $ 9,102 $ 10,682 $ 9,617 $ - $ 11,280 $ 11,280 TOTAL ESTIMATED REVENUES $ 1,130,328 $ 1,183,752 $ 1,172,351 $ - $ 1,191,358 $ 1,191,358 APPROPRIATIONS GENERAL-Inv Exp $ 642 $ - $ 592 $ - $ 856 $ BUILDING DEPT $ 345,210 $ 1,336,100 $ 878,716 $ 80,603 $ 1,262,339 $ 1,342, OTHER FINANCING USES - BUILDING $ 420,500 $ 330,704 $ 275,587 $ - $ 265,000 $ 265,000 TOTAL APPROPRIATIONS $ 766,352 $ 1,666,804 $ 1,154,895 $ 80,603 $ 1,528,195 $ 1,608,798 NET OF REVENUES/APPROPRIATIONS - FUND 402 $ 363,976 $ (483,052) $ 17,456 $ (336,837) $ (417,440) BEGINNING FUND BALANCE $ 1,270,265 $ 1,634,241 $ 1,231,792 ENDING FUND BALANCE $ 1,634,241 $ 1,151,189 $ 814,352 The Building Fund is an Enterprise Fund, which requires full accrual accounting. Governmental Accounting Standards Board GASB 67/68 Financial Reporting for Pensions requires pension liabilities and related expenses to be reported in the financial statements. The reduction of the liability in FY17 created a major variance when comparing the proposed budget ($1,608,798) to the prior year s actuals ($766,352). Without the GASB required credit adjustment of $463,806 related to pensions, the FY17 expenditures would have been $1,230,

80 Special Revenue Funds Special revenue funds are used to account for and report the proceeds of specific revenue sources that are legally restricted or committed for specific purposes other than debt and capital projects. Some of the major special revenue funds are described below. Sarasota County Infrastructure Surtax Fund (#102) The Infrastructure Surtax Fund is one of the Town s funding sources for the 5-Year Capital Plan. The Fund receives the collection of the discretionary 1% sales tax imposed by Sarasota County, which is used for projects that are capital in nature and previously authorized by the Town Commission in a 15-year capital plan. The Town received approximately $653,000 in 2017 and is projected to realize a growth rate of 2.5% - 3.0% over the next several years. Based on this newest projection, the Town passed Resolution that provided an additional $1,500,000 to the Public Safety budget. The Town will continue monitor projections over the next six years. The Town plans to spend $253,000 on new projects, consisting of $190,000 for Parks and Recreation Improvements and $63,000 on Public Facility Improvements. The projected ending fund balance for FY19 is $744,886. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund SARASOTA INFRASTRUCTURE SURTAX ESTIMATED REVENUES Other taxes $ 653,046 $ 650,000 $ 594,167 $ - $ 705,000 $ 705, Investment Earnings $ 5,749 $ 5,700 $ 3,376 $ - $ 12,164 $ 12,164 TOTAL ESTIMATED REVENUES $ 658,795 $ 655,700 $ 597,543 $ - $ 717,164 $ 717,164 APPROPRIATIONS GENERAL-Inv Exp $ 389 $ 700 $ 283 $ - $ 507 $ INFRASTRUCTURE SURTAX-Gen Gov $ 64,196 $ 216,204 $ 100,605 $ 115,599 $ 43,000 $ 158, INFRASTRUCTURE SURTAX-Pub Safety $ 143,660 $ 386,323 $ 319,634 $ 66,689 $ 20,000 $ 86, INFRASTRUCTURE SURTAX-Parks/Rec $ 37,000 $ 38,000 $ 20,429 $ 17,571 $ 190,000 $ 207, OTHER FINANCING USES $ 300,000 $ 700,000 $ 700,000 $ - $ - $ - TOTAL APPROPRIATIONS $ 545,245 $ 1,341,227 $ 1,140,951 $ 199,859 $ 253,507 $ 453,366 NET OF REVENUES/APPROPRIATIONS - FUND 102 $ 113,550 $ (685,527) $ (543,408) $ 463,657 $ 263,798 BEGINNING FUND BALANCE $ 853,206 $ 966,756 $ 481,088 ENDING FUND BALANCE $ 966,756 $ 281,229 $ 744,886 25

81 Special Revenue Funds continued Sarasota County Infrastructure Surtax Fund (#102) continued EXHIBIT F TOWN OF LONGBOAT KEY PROJECTS LIST - PHASE III SARASOTA INFRASTRUCTURE SURTAX FY FY 2024 CATEGORIES COMPREHENSIVE BEACH MANAGEMENT PROJECT TITLE Longboat Key Beach Nourishment Project and Erosion Control Structures Street Resurfacing, Drainage Improvements and Equipment SURTAX FUNDING AMENDMENT REVISED CUMULATIVE EXPENDITURES SURTAX REMAINING PROPOSED FY 19 EXPENDITURES SURTAX REMAINING $ 1,015,569 $ 1,015,569 $ (300,000) $ 715,569 $ - $ 715,569 STREETS and DRAINAGE PARKS and RECREATION Parks & Recreation Improvements 2,922,000 2,922,000 (1,369,040) 1,552,960 (190,000) 1,362,960 IMPROVEMENTS CANAL DREDGING Dredging maintenance 900, ,000 (900,000) PUBLIC SAFETY Fire and Police Vehicles and Equipment 2,303,168 1,500,000 3,803,168 (1,961,494) 1,841,674 1,841,674 IMPROVEMENTS TO Facilities Maintenance 922, ,000 (800,335) 121,665 (63,000) 58,665 PUBLIC FACILITIES SARASOTA Infrastructure Surtax Project Totals $ 8,062,737 $ 1,500,000 $ 9,562,737 $ (5,330,869) $ 4,231,868 $ (253,000) $ 3,978,868 This 15 Year Budget Exhibit was presented to Sarasota County and is amended by the Town Commission from time to time. The last column indicates the amount remaining for each budgeted category as of the end of FY19. Based on our forecast, an additional $1.5 million was added to the budget for Public Safety. The following projects are budgeted for FY19: Parks/Recreation: Tennis Center Underground Watering System Phase 1 $ 150,000 Tennis Center Fencing 5,000 Recreation Center Floor Covering 10,000 Recreation Center Roof Replacement 25, ,000 Public Facilities: HVAC Upgrades 25,000 Police Flooring 20,000 Chair replacement 18,000 63,000 Total $ 253,000 Manatee County Infrastructure Surtax Fund (#114) This fund account for the new voter approved.5% surtax established by Manatee County Ordinance which the Town receives about $175,000 per year. Similar to Sarasota s tax, the duration is 15 Years beginning January and ending December 31, The new projects budgeted for FY19 are as follows: Police: Unmarked Detective Car $ 25,000 Fire/Rescue: Powerlift for Stretchers 23,000 Medication Narcotic Security Dispenser 15,000 Video Airway 6,000 Fire Hoses 13,000 Streets: North End Storm Drainage Improvements 50,000 Total $ 132,000 26

82 Special Revenue Funds continued Manatee County Infrastructure Surtax Fund (#114) continued ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund MANATEE INFRASTRUCTURE SURTAX ESTIMATED REVENUES Other taxes $ 110,551 $ 175,000 $ 155,710 $ - $ 183,000 $ 183, Investment Earnings $ 250 $ 850 $ 338 $ - $ 1,768 $ 1,768 TOTAL ESTIMATED REVENUES $ 110,801 $ 175,850 $ 156,048 $ - $ 184,768 $ 184,768 APPROPRIATIONS GENERAL-Inv Exp $ - $ 100 $ 34 $ - $ 53 $ INFRASTRUCTURE SURTAX-PUBLC SAFETY $ - $ 274,000 $ 222,126 $ 51,829 $ 82,000 $ 133, PUBLIC WORKS INFRASTRUCTURE TX $ - $ - $ - $ - $ 50,000 $ 50,000 TOTAL APPROPRIATIONS $ - $ 274,100 $ 222,160 $ 51,829 $ 132,053 $ 183,882 NET OF REVENUES/APPROPRIATIONS - FUND 114 $ 110,801 $ (98,250) $ (66,112) $ 52,715 $ 886 BEGINNING FUND BALANCE $ - $ 110,801 $ 64,380 ENDING FUND BALANCE $ 110,801 $ 12,551 $ 65,266 Tourist Development Tax Fund (#104) The Tourist Development Tax (also referred to as the Tourist Tax, Bed Tax or Resort Tax) is a 5% charge on revenue from rentals of six months or less. This tax is in addition to the State Sales Tax (7% in Sarasota County and 6.5% in Manatee County). The Town has interlocal agreements with Sarasota and Manatee Counties, providing the Town of Longboat Key a share of the Tourist Development Tax (TDT). TDT funds are exclusively earmarked for Beach Renourishment-related costs, although an amendment with Sarasota County also allows a small portion to be used for beach maintenance costs on Sarasota County beaches on the Key. The Town collected $760,200 in FY17 and is projecting $792,000 for FY19. We have budgeted $586,000 as a transfer from the TDT Fund to the Beach Renourishment Capital Project Fund in FY19. We anticipate annual transfers of like amounts going forward. The projected ending Fund Balance is $1,071,979 for FY19. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund TOURIST DEVELOPMENT TAX ESTIMATED REVENUES Other taxes $ 760,200 $ 681,000 $ 253,204 $ - $ 792,000 $ 792, Investment Earnings $ 183 $ 5,600 $ 3,768 $ - $ 10,320 $ 10,320 TOTAL ESTIMATED REVENUES $ 760,383 $ 686,600 $ 256,972 $ - $ 802,320 $ 802,320 APPROPRIATIONS GENERAL-Inv Exp $ 97 $ 670 $ 269 $ - $ 260 $ OTHER FINANCING USES-BEACH $ 582,424 $ 575,000 $ - $ - $ 586,000 $ 586,000 TOTAL APPROPRIATIONS $ 582,521 $ 575,670 $ 269 $ - $ 586,260 $ 586,260 NET OF REVENUES/APPROPRIATIONS - FUND 104 $ 177,862 $ 110,930 $ 256,703 $ 216,060 $ 216,060 BEGINNING FUND BALANCE $ 567,127 $ 744,989 $ 855,919 ENDING FUND BALANCE $ 744,989 $ 855,919 $ 1,071,979 27

83 Special Revenue Funds continued Public Tennis Center Fund (#112) The Public Tennis Center is a facility located at 561 and 590 Bay Isles Road, with ten open courts, a teaching court and a retail store. The Tennis Fund accounts for all merchandise sales, membership fees, tennis lessons and the costs to deliver those services. The Center employs full-time certified instructors and produces income through memberships, sales of merchandise, tennis lessons and tournaments and is deemed to be a self-sufficient operation. The Tennis Center expenditure budget for FY19 is $612,520. A large portion of fund balance is tied up in inventory currently valued at $71,000. The Tennis Center plans to build up a fund balance reserve to handle unexpected emergencies and/or economic downturns and will do so by raising rates for tennis lessons. The Center is also considering the addition of pickleball courts in the future to increase revenue. The projected ending fund balance for FY19 is $80,557. The Town Commission approved the capital outlay costs for an underground watering system for the courts (Phase 1 of 2) and new fencing to be paid from the Sarasota Infrastructure Surtax Fund for FY19. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund TENNIS CENTER ESTIMATED REVENUES Charges for Services $ 575,833 $ 584,650 $ 591,415 $ - $ 618,066 $ 618, Miscellaneous Revenue $ 4,459 $ 4,500 $ 4,833 $ - $ 5,000 $ 5,000 TOTAL ESTIMATED REVENUES $ 580,292 $ 589,150 $ 596,248 $ - $ 623,066 $ 623,066 APPROPRIATIONS TENNIS CENTER $ 581,203 $ 585,072 $ 546,375 $ - $ 612,520 $ 612,520 TOTAL APPROPRIATIONS $ 581,203 $ 585,072 $ 546,375 $ - $ 612,520 $ 612,520 NET OF REVENUES/APPROPRIATIONS - FUND 112 $ (911) $ 4,078 $ 49,873 $ 10,546 $ 10,546 BEGINNING FUND BALANCE $ 66,843 $ 65,933 $ 70,011 ENDING FUND BALANCE $ 65,932 $ 70,011 $ 80,557 28

84 Special Revenue Funds continued Road and Bridge Fund (#101) The Road and Bridge Fund accounts for the collection of County gas taxes and State fuel taxes, (estimated at $385,600) and expenditures to maintain and improve the Town s roads and related facilities or equipment. Annual transfers may be made from the Road and Bridge Fund to the General Fund for Streets Department expenditures or transferred to the Streets Capital Project Fund for major street capital projects. A $500,000 transfer to the Streets Fund is budgeted for FY19. The Town has steadily decreased the transfer from the Road & Bridge Fund to the General Fund because the fund was spending more than it takes in. We have reduced the reimbursement to the General Fund to $100,000 for FY19 so that the fund can be used for upcoming infrastructure projects. The estimated Fund Balance at the end of the FY19 is projected to be $154,934. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund ROAD AND BRIDGE FUND ESTIMATED REVENUES Other taxes $ 325,140 $ 306,000 $ 273,045 $ - $ 302,000 $ 302, Intergovernmental Revenue $ 91,972 $ 82,000 $ 68,771 $ - $ 83,600 $ 83, Charges for Services $ 66,810 $ 57,725 $ 59,319 $ - $ 68,025 $ 68, Investment Earnings $ 7,704 $ 18,000 $ 5,588 $ - $ 19,547 $ 19, Other Financing Sources $ - $ 121,760 $ 103,520 $ - $ 7,500 $ 7,500 TOTAL ESTIMATED REVENUES $ 491,626 $ 585,485 $ 510,243 $ - $ 480,672 $ 480,672 APPROPRIATIONS GENERAL-Inv Exp $ 651 $ 3,000 $ 437 $ - $ 616 $ STREETS $ 55,263 $ 295,300 $ 282,694 $ - $ 247,900 $ 247, OTHER FINANCING USES-STREETS $ 1,050,000 $ 950,000 $ 650,000 $ - $ 600,000 $ 600,000 TOTAL APPROPRIATIONS $ 1,105,914 $ 1,248,300 $ 933,131 $ - $ 848,516 $ 848,516 NET OF REVENUES/APPROPRIATIONS - FUND 101 $ (614,288) $ (662,815) $ (422,888) $ (367,844) $ (367,844) BEGINNING FUND BALANCE $ 1,799,881 $ 1,185,593 $ 522,778 ENDING FUND BALANCE $ 1,185,593 $ 522,778 $ 154,934 Tree Replacement Fund (#108) The Tree Replacement Fund accounts for fees collected through permits for tree removal or relocation, for which funds may only be used to plant or replace trees on public property. Funds may be used for Town or State projects that include trees. We have budgeted $5,026 of expenditures with a FY19 projected Fund Balance of $39,241. GMD Undergrounding Assessment Fund (#134) This Assessment Fund tracks the total receivable balances for the Gulf of Mexico Drive Undergrounding Assessments and the annual collections from Sarasota and Manatee Tax Collectors offices. The Town also collects occasional pay-offs of assessments during real estate transactions. Annual assessments may be used to offset construction costs if debt has not yet been issued. Based on the timing of debt issuance, transfers out of monies will be made to either the Capital Project Fund or the Debt Service Fund. The Town has budgeted an estimated $1,495,539 in assessments for FY19. The Town pays a third party to manage the certification of tax rolls and has to pay fees to the County appraisers and Tax Collectors estimated at $72,800. Neighborhood Undergrounding Assessment Fund (#137) This Assessment Fund tracks the total receivable balances for the Neighborhood Undergrounding Assessments and the annual collections from Sarasota and Manatee Tax Collectors offices. November 2018 will be first year of annual assessments related to this project. The two undergrounding construction projects will take place simultaneously. The shown assessments budgeted are based on the most recent tax roll. The Final certified tax roll is received on or around September 15,

85 Special Revenue Funds continued Police Training (#110) The Police Training Fund accounts for revenue received through the court system, which may only be used for police education and training. We have budgeted $10,023 of expenditures with a FY19 projected Fund Balance of $16,683. Law Enforcement Fund (LETF) (#111) The Law Enforcement Fund accounts for receipt of awards for information or assistance leading to a civil or criminal forfeiture. Funds are restricted to crime prevention, safe neighborhood, drug abuse education and prevention, other law enforcement purposes, defibrillators, and matching funds for federal grants, but may not be used to meet normal operating expenses of the agency. We have budgeted $20,000 for a Police Department Active Shooter and Level of Force Simulator and carrying over $32,384 for the in-house Training Center/Emergency Command Center in the Police Facility. The projected FY19 Fund Balance is $132,919. Miscellaneous Grant Fund (#113) The Miscellaneous Grant Fund accounts for and segregates the collection of various public safety grants, such as the West Coast Inland Navigation District grants (WCIND) and their related expenditures. Grants were formerly accounted for in the General Fund. Establishment of the Miscellaneous Grant Fund improves the segregation of the funds from regular operating expenses, providing for greater accountability. New grants budgeted for WCIND for FY19 total $106,773 and grant carryovers from various sources total $133,687 for a total budget of $240,460. OTHER FUND S (#113) Miscellaneous Grant Fund SPECIAL REVENUE FUNDS (#110) Police Training (#111) Law Enforcement Forfeiture Fund (#108) Tree Replacement Fund (#134) GMD Undergrounding Assessments Fund (#137) Neighborhood Undergrounding Assessments Fund REVENUE Non Ad Valorem Assessments $ - $ - $ - $ - $ 1,495,539 $ 1,310,920 Fines and Fees Intergovernmental 182, Investment Income , ,209 15,000 Other income , Total Revenue 182, ,617 1,933 1,519,748 1,325,920 EXPENDITURES General Inv Exp ,100 Police 202,426 10,000 52, Fire/Rescue 32, Public Works 4, ,800 72,800 Parks , Recreation Center 1, Other Financing Uses ,400,000 1,200,000 Total Expense 240,460 10,023 52,479 5,026 1,473,621 1,275,900 NET OF REVENUES/APPROPRIATIONS (57,543) (9,024) (49,862) (3,093) 46,127 50,020 BEGINNING FUND BALANCE 57,545 25, ,781 42, ,103 - ENDING FUND BALANCE $ 2 $ 16,683 $ 132,919 $ 39,241 $ 171,230 $ 50,020 30

86 Special Revenue Funds continued Australian Pine Fund (#115) As a result of Hurricane IRMA, the Town passed Resolution establishing the Australian Pine Removal Program to assist property owners fund the removal of hazardous pines on private property. Resolution subsequently amended the Program to help fund the removal of pines located along the public rights of ways. We do not anticipate all funds to be spent during the year however funds of $50,378 are available for use. The budget carries forward unspent funds. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund AUSTRALIAN PINE PROGRAM ESTIMATED REVENUES Investment Earnings $ - $ 900 $ 315 $ - $ 886 $ Other Financing Sources $ - $ 60,000 $ 60,000 $ - $ - $ - TOTAL ESTIMATED REVENUES $ - $ 60,900 $ 60,315 $ - $ 886 $ 886 APPROPRIATIONS GENERAL-Inv Exp $ - $ 400 $ 15 $ - $ 15 $ PUBLIC WORKS $ - $ 60,500 $ 10,122 $ 50,378 $ - $ 50,378 TOTAL APPROPRIATIONS $ - $ 60,900 $ 10,137 $ 50,378 $ 15 $ 50,393 NET OF REVENUES/APPROPRIATIONS - FUND 115 $ - $ - $ 50,178 $ 871 $ (49,507) BEGINNING FUND BALANCE $ - $ - $ 50,378 ENDING FUND BALANCE $ - $ - $ 871 Capital Project Funds Capital Project Funds are multi-year project budgets used to account for the construction of major infrastructure improvements or for the purchase of other capital assets greater than $5,000 having a useful life of three or more years. Project funds may include bond proceeds or other financing sources used to fund the project. The major project funds are described below. Beach Capital Project Fund (#303) The Beach Capital Fund captures all beach related costs, such as major renourishment projects, as well as ongoing environmental monitoring, maintenance, legal expenses, professional memberships and conferences. During FY16 and FY17, the Town completed a major beach renourishment and issued $10.7 million in bonds. The remainder of FY18 and FY19 will be focusing on interim renourishment measures in the North area, updating the beach management plan, preconstruction design work for groins at the north end, Canal 1A dredge and ongoing monitoring. The Town also invests a substantial amount of money preserving turtle nests and the monitoring of protected species. Turtle nests are relocated from areas affected by beach construction activities to unaffected areas. 31

87 Capital Project Funds continued Beach Capital Project Fund (#303) continued The next town-wide renourishment could take place in FY22 and the Town is currently looking at various funding models. The Commission approved moving forward with permitting for up to five permeable groins, shown at the right, at the North End. The four or five groins range from $9.2 million to $12.5 million and is scheduled for FY20. The revenue sources in the budget include a transfer from the Tourist Development Fund (TDT) in an amount up to $586,000. The TDT Fund will annually reimburse this Fund for any beach-related maintenance costs for beaches that are within the Sarasota County portion of the Town, estimated at $86,000. While FEMA has obligated $7.7 million for Storm Debby, the Town is not budgeting this revenue at this time. The $10.7 million in bonds issued in FY16 is being paid over four years. The FY19 debt millage for District A (Gulf side) is mills and District B (Bay side) is Further analysis is presented in the Debt Service section. This millage covers the third year of a $2.8 million debt service payment on the borrowing. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund BEACH ESTIMATED REVENUES Grant Revenue $ 857,625 $ 2,646,952 $ - $ - $ - $ Investment Earnings $ 2,767 $ 55,000 $ 21,258 $ - $ 46,000 $ 46, Other Financing Sources $ 3,493,728 $ 575,000 $ - $ - $ 586,000 $ 586,000 TOTAL ESTIMATED REVENUES $ 4,354,120 $ 3,276,952 $ 21,258 $ - $ 632,000 $ 632,000 APPROPRIATIONS GENERAL-Inv Exp $ 1,040 $ 6,600 $ 1,593 $ - $ 2,406 $ 2, BEACH $ 4,791,242 $ 5,957,390 $ 518,388 $ 5,160,288 $ 2,236,350 $ 7,396, OTHER FINANCING USES-BEACH $ 350,000 $ 72,100 $ 69,060 $ - $ - $ - TOTAL APPROPRIATIONS $ 5,142,282 $ 6,036,090 $ 589,041 $ 5,160,288 $ 2,238,756 $ 7,399,044 NET OF REVENUES/APPROPRIATIONS - FUND 303 $ (788,162) $ (2,759,138) $ (567,783) $ (1,606,756) $ (6,767,044) BEGINNING FUND BALANCE $ 5,455,488 $ 4,667,326 $ 7,068,476 ENDING FUND BALANCE $ 4,667,326 $ 1,908,188 $ 301,432 32

88 Capital Project Funds continued Streets Capital Project Fund (#301) The Streets Capital Projects Fund accounts for major street improvements such as resurfacing and drainage improvements. FY18 project balance carryovers plus FY19 new requests contain $1.7 million for capital outlay. Projects currently being worked on include resurfacing Emerald Harbor, a study of sea level rise, continued storm water improvements and design for a Broadway roundabout and center turn lanes. The main source of income for road improvements are transfers in from the Road and Bridge Fund (gas taxes), which accounts for all of the fuel tax receipts. The estimated cost for center turn lanes and a roundabout is estimated at $4.3 million. The Town has no immediate funding sources and would rely on FDOT to fund the projects. Fund Project Title FY18 PO Carryover FY19 New Spending FY19 Budget including Carryover STREETS FUND 301 Village Stormwater Project $ 115,440 $ -00 $ 115, Streets Resurfacing $ 723,672 $ 300,000 $ 1,023, Dream Island Stormwater Crossing Pipe Eval/Repair $ 46,940 $ 200,000 $ 246, Broadway Roundabout-(Design Only) $ - $ 150,000 $ 150, Storm Drain Improvements $ 60,320 $ 10,000 $ 70, Traffic Signal Repair/Replace $ 3,878 $ 10,000 $ 13,878 Center Turn Lanes-Country Club Shores - (Design 301 Only) $ 73,082 $ -00 $ 73, Broadway Culverts Eval/Repair $ - $ -00 $ Street Light Repair/Replacement Program $ - $ -00 $ GIS $ 14,750 $ -00 $ 14, GMD Corridor Plan $ - $ -00 $ -00 $ 1,038,082 $ 670,000 $ 1,708,082 ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund STREETS ESTIMATED REVENUES Investment Earnings $ 3,794 $ 5,700 $ 4,696 $ - $ 9,518 $ 9, Other Financing Sources $ 450,000 $ 873,160 $ 650,000 $ - $ 500,000 $ 500,000 TOTAL ESTIMATED REVENUES $ 453,794 $ 878,860 $ 654,696 $ - $ 509,518 $ 509,518 APPROPRIATIONS GENERAL-Inv Exp $ 218 $ 750 $ 310 $ - $ 374 $ STREETS $ 133,668 $ 1,319,841 $ 73,452 $ 1,038,082 $ 670,000 $ 1,708,082 TOTAL APPROPRIATIONS $ 133,886 $ 1,320,591 $ 73,762 $ 1,038,082 $ 670,374 $ 1,708,456 NET OF REVENUES/APPROPRIATIONS - FUND 301 $ 319,908 $ (441,731) $ 580,934 $ (160,856) $ (1,198,938) BEGINNING FUND BALANCE $ 421,000 $ 740,908 $ 1,337,259 ENDING FUND BALANCE $ 740,908 $ 299,177 $ 138,321 33

89 Capital Project Funds continued Canal Dredging Fund (#305) Some canal dredging will begin in FY19 with the funding that has been carried over from prior years in the Canal Fund, in addition to a transfer from the Sarasota Infrastructure Surtax Fund in the amount of $700,000. The transfer made in FY18 zeroed out the available funds in the Canals category in that Fund. Future dredging in the out years will require some method of funding, through either ad valorem taxes, additional use of infrastructure taxes or some other method. The Canal Dredging Fund accounts for major improvements to the canals. The Town has undergone a feasibility study that encompassed a detailed bathymetric survey of the Town s canal system. It included the consultant s recommendations of what and when canals should be dredged, based on regulatory agencies, permit requirements, and established levels of service. Out of the 91 canals (approximately 28 miles) evaluated, the Town is permitting 16 priority canals at a length of 11,550 linear feet and a potential dredge of 13,131 cubic yards, utilizing funding already in place. Canal 1A has been budgeted in the Beach Fund as the sand extracted will be repurposed. Targeted Canals FY18 Canal Name Street North Street South County 1 Gulf of Mexico Drive Longboat Drive North Manatee 1A Lands End Manatee 2 Bayou Hammock Road Whitney Beach Assosciation Manatee 3 Shinbone Alley Juan Anasco Drive Manatee 6 Bayview Drive Lyons Lane Manatee 18 Tarawitt Drive St Judes North Manatee 19 St Judes North St Judes South Manatee 20P Sandhamn Place Manatee 21A Beach Castle Resort Manatee 21P Club Longboat 5030 GMD Manatee 22A 5056 GMD 5050 GMD Manatee 31D Dock on the Bay Sarasota 32P Harborside Perimeter Canal Sarasota 33A Harbor Court Drive Sarasota 49 Yawl Lane Schooner Lane Sarasota 55 Longboat Club Rd Chart House Sarasota 55A New Pass Access Canal Sarasota ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund CANAL DREDGING ESTIMATED REVENUES Grant Revenue $ - $ - $ - $ - $ 324,588 $ 324, Investment Earnings $ 2,365 $ 5,370 $ 3,028 $ - $ 5,162 $ 5, Other Financing Sources $ - $ 700,000 $ 700,000 $ - $ - $ - TOTAL ESTIMATED REVENUES $ 2,365 $ 705,370 $ 703,028 $ - $ 329,750 $ 329,750 APPROPRIATIONS GENERAL-Inv Exp $ 466 $ 645 $ 201 $ - $ 252 $ PUBLIC WORKS $ 50,769 $ 1,176,757 $ 161,257 $ 1,015,501 $ - $ 1,015,501 TOTAL APPROPRIATIONS $ 51,235 $ 1,177,402 $ 161,458 $ 1,015,501 $ 252 $ 1,015,753 NET OF REVENUES/APPROPRIATIONS - FUND 305 $ (48,870) $ (472,032) $ 541,570 $ 329,498 $ (686,003) BEGINNING FUND BALANCE $ 537,050 $ 488,180 $ 1,031,649 ENDING FUND BALANCE $ 488,180 $ 16,148 $ 345,646 34

90 Capital Project Funds continued Land Acquisition Fund (#302) The Land Acquisition Fund accounts for fees charged to developers to secure undeveloped land in the Town, to preserve open spaces, and to make improvements to parks or other similar facilities that serve the public. Over the past two fiscal years, the Town purchased 4.81 acres of real property located at 592 Bay Isles Road and 555 Bay Isles Parkway within the vicinity of Town Hall. The Town is currently collaborating with Ringling College of Art and Design for the development of an Arts, Cultural and Education (ACE) Center. The intent is for the Town to assume costs for site and design work, while Ringling will assume the building design, construction, operations and programming. The budget includes estimated revenue of $120,000 in fees, $11,209 of investment income and a $400,000 contribution from Sarasota County to assist with the demolition of an existing structure, the former Amore Restaurant, and site preparation. The projected ending Fund Balance for FY19 is $797,141 for this fund. ACCOUNT CLASSIFICATON AND DEPARTMENT FY2017 ACTUAL FY2018 AMENDED FY2018 YTD ACTIVITY FY2018 ESTIMATED PO/CAPITAL CARRYOVER FY2019 PROPOSED FY2019 PROPOSED (INCL CAPITAL CARRYOVER) Fund LAND ACQUISITION ESTIMATED REVENUES Intergovernmental Revenue $ - $ - $ - $ - $ 400,000 $ 400, Charges for Services $ 142,171 $ 60,000 $ 211,925 $ - $ 120,000 $ 120, Investment Earnings $ 2,135 $ 5,000 $ 2,767 $ - $ 11,209 $ 11, Other Financing Source $ - $ 172,384 $ - $ - $ - $ - TOTAL ESTIMATED REVENUES $ 144,306 $ 237,384 $ 214,692 $ - $ 531,209 $ 531,209 APPROPRIATIONS GENERAL-Inv Exp $ 471 $ 600 $ 214 $ - $ 323 $ PLANNING & ZONING $ 2,238,489 $ 466,799 $ 17,583 $ 273,596 $ 150,000 $ 423,596 TOTAL APPROPRIATIONS $ 2,238,960 $ 467,399 $ 17,797 $ 273,596 $ 150,323 $ 423,919 NET OF REVENUES/APPROPRIATIONS - FUND 302 $ (2,094,654) $ (230,015) $ 196,895 $ 380,886 $ 107,290 BEGINNING FUND BALANCE $ 2,740,924 $ 646,270 $ 689,851 ENDING FUND BALANCE $ 646,270 $ 416,255 $ 797,141 Fire Station Capital Fund (#300) A referendum approving General Obligation Bonds/Notes to finance the improvement of the Town s Fire Stations was approved on March 20, 2018 in an amount not to exceed $5,895,000. The estimate for the North Station renovation is budgeted at $1,021,000 and the cost to construct a new one-story South Fire Station is budgeted at $4,504,356. The bond sale took place August 22, 2018 and the closing is scheduled to take place September 12, After closing costs, an estimated $5,516,356 will be available for the project, excluding any interest earned on the bond proceeds. 35

91 Capital Project Funds continued GMD and Neighborhood Undergrounding Funds (#304 and #307) The GMD Undergrounding Project will be financed through non-ad valorem revenue (assessments). The Town provided homeowners an opportunity to prepay their assessments, of which 20% of the estimated project costs were collected. If the homeowner does not want to prepay, the assessment imposed against the parcel is collected as an annual installment appearing on the annual tax bill from their County, which commenced in November The annual assessment will continue for a period of thirty (30) years. The neighborhood project assessments were finalized on December 4, 2017 followed by a bond validation process confirmed with no appeals on April 6, The Town is currently processing a prepayment option for the parcel owners through August 15, 2018 and for those who do not prepay, the first annual assessment will be on the 2018 tax bill. It is the Commission s intent to reduce the amount of the Neighborhood General Benefit by 50 percent through the use of non-assessment non ad valorem revenue. This commitment is reflective of the Town Commission s second annual transfer of $300,000 of non-ad valorem franchise fee revenue reflected in the Neighborhood Project for FY19. On November 3, 2015, the Town s electors voted to authorize the Town s borrowing of up to $25,250,000 for undergrounding utilities (electric, telephone, cable and fiber optic) and feeder lines on Gulf of Mexico Drive, including Binnacle Point in Spanish Main and on Broadway ("GMD Undergrounding Project"). Following the voter approval of the GMD Undergrounding Project, the Town Commission decided to move forward with posing a second referendum question to the Town voters related to the issuance of additional debt of $23,850,000, for the purpose of financing the costs of undergrounding the remaining utilities within the neighborhood and side street areas of the Town ("Neighborhood Undergrounding Project"). The voters approved this referendum on March 15, The original budgets for these two projects were adopted during FY16 and are presented in the proposed budget as amounts to be carried forward, less any expenditures already incurred. The carryover amounts presented for the GMD and Neighborhood Undergrounding projects are $23,419,928 and $22,265,843 respectively, which is subject to change on October 1, 2018, based on total amounts expended. 36

92 Capital Project Funds continued Capital or Nonrecurring Fund (#308) The Capital or Nonrecurring Fund was established to account for capital outlay funded with general revenues and includes budgets for Code Enforcement Officer vehicle, Irrigation well, parking lot repairs and IT related expenditures. PZB Code Enforcement SUV 4x4 $30,000 Facilities Parking Lot Repair $20,000 Parks Department Utility Cart (2) $15,000 Facilities Irrigation Wells $15,000 Information Technology Advanced Scheduling Software - Fire Dept. $15,000 Information Technology Network Upgrades $10,000 Information Technology Performance Evaluation Software $7,500 Information Technology Badge Card/Camera/Security System $5,000 $117,500 Parks & Recreation Fund (#306) The Parks & Recreation Fund was established to account for major park improvements, dock and boardwalk repairs and recreation center facility improvements. The Bayfront Park renovation was finalized in FY18. Left over funds ($40,000) from that project has been repurposed to study the Recreation Center for renovation or replacement. The remaining budget includes boardwalk repair/pier replacement and docks and Sister Key Invasive Species removal. OTHER FUND S (#300) FireStation Capital Fund CAPITAL PROJECT FUNDS (#306) Parks & Recreation Fund (#308) Capital or Nonrecurring (#304) GMD Utility Undergrounding (#307) Neighborhood Utility Undergrounding REVENUE Bond Proceeds/ Assessments $ - $ - $ - $ 19,788,881 $ 19,063,166 Franchise Fees ,000 Investment Income 63,000 2,637 2,657 25,000 - Other income ,500 3,705,142 - Total Revenue 63,000 2, ,157 23,519,023 19,363,166 EXPENDITURES General-Inv Exp 5, Information Technology , Facilities , Planning & Zoning , General Services , Fire/Rescue 5,516, Police , Public Works , Parks - 80,718 15,000 23,419,928 22,265,843 Total Expense 5,521,356 80, ,790 23,419,928 22,265,843 NET OF REVENUES/APPROPRIATIONS (5,458,356) (78,210) (184,633) 99,095 (2,902,677) BEGINNING FUND BALANCE 5,516, , ,250-3,502,677 ENDING FUND BALANCE $ 58,000 $ 115,538 $ 2,617 $ 99,095 $ 600,000 37

93 Debt Service Funds The total of authorized but unissued bonds as of September 30,2018 is $62,470,426.. PROJECT BONDING AUTHORIZATION PREVIOUSLY BONDED AUTHORIZED BUT UNISSUED Water and Wastewater Improvement Projects $ 27,000,000 $ 13,869,574 $ 13,130,426 Fire Stations 5,895,000 5,655, ,000 GMD Utility Undergrounding 25,250,000-25,250,000 Neighborhood Utility Undergrounding 23,850,000 - $ 23,850,000 62,470,426 The Par value of bonds issued for Fire Stations Renovation/Replacement was $5,655,000 and was sold at a premium of $237,591 with a 3.47% all-in interest rate. The bond closing is scheduled for September 12, Below is a schedule of governmental debt service payments for the Beach Bonds that closed on June 10, 2016, and the Facility Bonds, both of which will be retired in FY2020. Beach Bonds 06/10/ % Facility Bonds 12/14/ % GOB GOB FYE $10,.720,908 Original Issue, Balance GOB Note, Series 2016 (Principal) GOB Note, Series 2016 (Interest) Total Debt Service $2,355,000 Original Issue, Balance Refunding Note, Series 2010 (Principal) Refunding Note, Series 2010 (Interest) Total Debt Service ,720, ,090, ,000 26, ,108,015 2,612, ,107 2,800, , ,000 20, , ,453,149 2,654, ,133 2,799, , ,000 14, , ,750,761 2,702,388 97,611 2,799, , ,000 9, , ,750,761 49,239 2,800, ,000 3, ,038 Beach District Debt Service Fund (#202) A referendum was passed in March 2011 to issue bonds up to $16,000,000 for funding a renourishment beach project, which included structures for the North End of the Key and sand placement in multiple locations. The debt service millages for Special Districts A and B were imposed in FY15 and FY16 to collect money for the payments on a $16 million borrowing. Due to permit delays, the Town postponed the debt issuance to FY16, reducing the amount needed to be borrowed by the amount collected in FY15 and FY16. The total for bonds issued on June 10, 2016 was $10,720,908. A four-year payment plan was chosen to avoid overlapping debt for the next renourishment project, assumed to be needed by FY22. This budget imposes a debt millage to cover the debt service payment of $2,800,000 as follows: District A (Gulf side) is mills and District B (Bay side) is G.O. Facility Improvement Bonds Debt Service Fund (#203) The G.O. bond debt service millage for FY19 is mills, which covers a debt service payment of $284,060, compared to mills in FY18. These bonds will be retired in Utility Fund Debt Service (#401) Long-term debt associated with Water and Wastewater Infrastructure Improvements is paid for by the users through water and sewer usage fees and annual debt payments are budgeted in the Utility Enterprise Fund. The Utility Fund currently owes $6,677,736 on General Obligation Bonds, maturing in 2023 and 2030 and $3,199,980 in Notes Payable under the State Revolving Fund Loan Program maturing in Fire Station, Series 2018 Bond Debt Service Fund (#200) We anticipate a capitalized interest payment in FY19 with regular principal payments beginning in FY20. 38

94 GMD Undergrounding, Revenue Bond Debt Service Fund (#204) The Town expects to issue Bonds by the end of calendar year 2018 at which time an amended budget will be adopted. We anticipate transferring the November 2018 assessment collections from each of the assessment funds to the debt funds in the initial year, represented below. Amounts are subject to change.. Neighborhood Undergrounding, Revenue Bond Debt Service Fund (#207) The Town expects to issue Bonds by the end of calendar year 2018 at which time an amended budget will be adopted. We anticipate transferring the November 2018 assessment collections from each of the assessment funds to the debt funds in the initial year, represented below. Amounts are subject to change.. OTHER FUND S (#200) GOB 2018 Fire Stations DEBT SERVICE FUNDS (#202) GOB 2016 Beach Debt (#203) GOB 2010 Facility Debt (#204) GMD Underground Revenue Bond (#207) Neighborhood Underground Revenue Bond REVENUE Property Taxes $ - $ 2,800,150 $ 275,000 $ - $ - Investment Income - 16,000 3, Other financing sources ,400,000 1,200,000 Total Revenue - 2,816, ,994 1,400,000 1,200,000 EXPENDITURES General-Inv Exp - 1, Principal Payment - 2,702, , Interest on Debt 188,681 97,611 9, Other Financing Uses Total Expense 188,681 2,801, , NET OF REVENUES/APPROPRIATIONS (188,681) 15,101 (5,215) 1,400,000 1,200,000 BEGINNING FUND BALANCE 188, , ,141-3,502,677 ENDING FUND BALANCE $ - $ 185,524 $ 287,926 $ 1,400,000 $ 4,702,677 Remaining page intentionally left blank 39

95 FIVE YEAR CAPITAL IMPROVEMENT PLAN BY FUND The Capital Improvement Program (CIP) for the Town of Longboat Key is a community plan for short- and longrange physical development. It is intended to link the community s comprehensive vision plan with a fiscal plan and provide a mechanism for estimating capital requirements; planning, prioritizing, scheduling, and implementing projects; developing revenue policies for proposed improvements; budgeting high priority projects and keeping the public informed. Town of Longboat Key Capital Improvement Plan FY FY 2023 Fund Description FY Carryforward New Spending Budget Total 001 General Fund Ad ValoremTax $ 187,250 $ 117,500 $ 304,750 $ 868,326 $ 487,000 $ 508,000 $ 176,000 $ 2,344, Road & Bridge Fund $ - $ 240,000 $ 240,000 $ 125,000 $ - $ 68,000 $ - $ 433, Sarasota Infrastructure Fund $ 199,860 $ 253,000 $ 452,860 $ 843,674 $ 392,000 $ - $ 367,000 $ 2,055, Law Enforcement Fund (LETF) $ 32,384 $ 20,000 $ 52,384 $ - $ - $ - $ - $ 52, Manatee Infrastructure Fund $ 51,829 $ 132,000 $ 183,829 $ 192,000 $ 192,000 $ 170,000 $ 204,000 $ 941, Facilities Capital Fund $ - $ 5,720,000 $ 5,720,000 $ - $ - $ - $ - $ 5,720, Streets Capital Fund $ 1,038,082 $ 670,000 $ 1,708,082 $ 370,000 $ 1,335,000 $ 3,035,000 $ 535,000 $ 6,983, Land Acquisiton Fund $ 273,596 $ 150,000 $ 423,596 $ 150,000 $ - $ 300,000 $ - $ 873, Beach Capital Fund $ 5,134,062 $ 2,148,000 $ 7,282,062 $ 10,378,000 $ 1,153,000 $ 30,603,000 $ 818,000 $ 50,234, GMD Undergrounding $ 23,419,928 $ - $ 23,419,928 $ - $ - $ - $ - $ 23,419, Canal Fund $ 1,015,500 $ - $ 1,015,500 $ 250,000 $ - $ - $ - $ 1,265, Parks & Recreation Capital Fund $ 13,971 $ 65,000 $ 78,971 $ 22,000 $ 40,000 $ 60,000 $ 67,500 $ 268, Neighborhood Undergrounding $ 22,265,843 $ - $ 22,265,843 $ - $ - $ - $ - $ 22,265, Building Fund $ 80,603 $ - $ 80,603 $ - $ - $ 30,000 $ 25,000 $ 135, Utility Capital Fund $ 3,657,059 $ 3,301,000 $ 6,958,059 $ 2,760,000 $ 2,690,000 $ 4,037,000 $ 2,600,000 $ 19,045,059 $ 57,369,967 $ 12,816,500 $ 70,186,467 $ 15,959,000 $ 6,289,000 $ 38,811,000 $ 4,792,500 $ 136,037,967 Capital project funds are multi-year budgets and amounts unexpended and open Purchase Orders are carried over to the following year budgets. The capital plan summary shown above provides the estimated carryforward amounts and the requested project totals for each fiscal year for the five-year period FY19-FY23, broken down by Fund. There are approximately 71 new projects valued at $12,816,500 listed on the following pages. The total budget for capital projects is $70,186,467, including carryforward projects of $57,369,967, the majority of which is generated from the Undergrounding projects. FY2019 Capital Project Totals by Fund ($70,186,467) (Including Carryovers) 40

96 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 General Fund (001) $117, Code Enforcement Vehicle Budget Amount $30,000 (Ad Valorem Taxes) Scheduled replacement of a 2003 Ford Explorer for the Code Enforcement Officer. 2. Utility Cart (2) Budget Amount $15,000 (Ad Valorem Taxes) Utility Carts are used in daily operations of the parks including trash removal, hauling shell, etc. Most parks are not accessible by vehicle. 3. I.T. Badge Card/Camera/Security System Budget Amount $5,000 (Ad Valorem Taxes) An additional $5,000 is budgeted to be added to the initial $25,000 (FY17) and $5,000 (FY18) to complete the project. 4. Advanced Scheduling Solution Fire Department Budget Amount $15,000 (Ad Valorem Taxes) Software compatible with the Fire Department advanced scheduling needs. 5. Network Upgrades Budget Amount $10,000 (Ad Valorem Taxes) Continued replacement program for network equipment that becomes end of life with no future support. 6. Performance Evaluation Software Budget Amount $7,500 (Ad Valorem Taxes) Replace legacy software for performance evaluations with Off the Shelf system. 7. Irrigation Wells Budget Amount $15,000 (Ad Valorem Taxes) Town Hall would benefit having a well installed (FY19).for irrigation rather than using potable water and paying a monthly water bills for irrigation. 8. Parking Lot Repair-Police Budget Amount $20,000 (Ad Valorem Taxes) Repair and re-stripe parking lot at the Police Station. The lot is showing signs of disrepair with large dips in the pavement. Road and Bridge Fund (101) $240, Bucket Truck Budget Amount $150,000 (Gas Taxes) Replacement of 2001 Bucket Truck that is needed to carry out day to day responsibilities including repair and maintenance of lights, trimming of trees at facilities, parks, in ROW's and side streets, used by water department for antenna maintenance, etc. Utility Fund to share 5% of the cost. 10. Chipper Budget Amount $55,000 (Gas Taxes) Replacement of 2003 Chipper 41

97 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 continued Road and Bridge Fund (101) continued 11. Truck Budget Amount $35,000 (Gas Taxes) This truck is a scheduled replacement of a 2007 Ford F-150 due to extensive repairs and maintenance costs and are necessary for carrying out daily job responsibilities. Sarasota Infrastructure Fund (102) $253, Public Facilities Roof Replacement Budget Amount $25,000 (Infrastructure Surtax) Replace shingle roof at Bayfront Park Recreation Center. 13. Public Facilities HVAC Upgrade/Replacement Budget Amount $25,000 (Infrastructure Surtax) Ongoing replacement of aging HVAC systems as needed in Town facilities. 14. Public Facilities Task Chair Seating Budget Amount $18,000 (Infrastructure Surtax)) Many of the task chairs and conference room chairs are very old and broken due to their age. This is the second year of funding with a total budget of $34, Public Facilities Police Floor Covering Budget Amount $20,000 (Infrastructure Surtax) Carpet replacement. 16. Parks & Recreation-Tennis Court Watering System Budget Amount $150,000 (Infrastructure Surtax) Replace underground watering system in blocks of three courts. 17. Parks & Recreation-Recreation Center Floor Covering Budget Amount $10,000 (Infrastructure Surtax) Replace aging VCT floor covering 18. Parks & Recreation Tennis Center Fencing Budget Amount $5,000 (Infrastructure Surtax) Continued fencing work at 590 and 561 Bay Isles sites. Manatee Infrastructure Fund (114) $132, Fire Powerlift for Stretchers Budget Amount $23,000 (Infrastructure Surtax) One of three power lift stretcher systems to be installed in the ambulances. Over time, two more devices will be needed 20. Fire Medication Narcotic Security Dispenser Budget Amount $15,000 (Infrastructure Surtax) This dispensing machine will allow the department to track medication including narcotic accountability. It will also allow for ALS equipment to be tracked as they can be placed in the unit. 42

98 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 continued Manatee Infrastructure Fund (114) continued 21. Fire Video Airway Device Budget Amount $6,000 (Infrastructure Surtax) Advanced airway enhancement for difficult patients. This device allows paramedics, when inserting an airway tube into the trachea, a video of the throat and the opening in which the tube must be placed. 22. Fire Fire Hose Replacement Budget Amount $13,000 (Infrastructure Surtax) Replacement of several sections of fire hose. 23. Police Unmarked Detective Vehicles Budget Amount $25,000 (Infrastructure Surtax) Replaces detective vehicle that will be out of warranty with high mileage. 24. Streets North End Storm Drainage Improvements Budget Amount $50,000 (Infrastructure Surtax) Systematic optimization of existing storm system, including installation of wastop valves at the north end. Law Enforcement Trust Fund (111) $20, Police Active Shooter and Level of Force Simulator Budget Amount $20,000 (Infrastructure Surtax) This equipment trains officers in level of force protocol with active feedback through electronic vests using inert firearms simulating the exchange of gunfire. This technology will be utilized as a continual part of in service training. Fire Station Facility Fund (300) $5,720, Fire Station 92 (South) Replacement Budget Amount $4,529,750 (Bond Proceeds) Estimated cost to build a new one story Station. Voter approved in March Fire Station 91 (North) Remodel Budget Amount $1,012,000 (Bond Proceeds) Consultant to design accommodations for co-gender staffing. Replace 200 kw generator and transfer switch at North Fire station; other renovations per assessment study. Voter approved per Referendum March Fire Station Bond Closing Costs Budget Amount $178,250 (Bond Proceeds) Streets Fund (301) $670, Broadway Roundabout (Design Only) Budget Amount $150,000 (Gas Taxes) Based on ongoing efforts to investigate improvements to Gulf of Mexico Drive, concept designs have been developed for potential roundabouts at Broadway and Gulf of Mexico Drive and at Longboat Club Road and Gulf of Mexico Drive. This is the initial phases for preliminary design and permitting of roundabout at Broadway and Gulf of Mexico Drive. 43

99 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 continued Streets Fund (301) continued 30. Storm Drain Improvements Budget Amount $10,000 (Gas Taxes) Storm Drains to be cleaned and repaired as necessary. Starting a program to have this done townwide over several years. 31. Dream Island Stormwater Crossing Pipe Eval/Repair Budget Amount $200,000 (Streets Fund Balance) Engineer evaluation, recommendations and repair as necessary stormwater pipe. 32. Streets Resurfacing Program Budget Amount $300,000 (Streets Fund Balance/Gas Taxes) 33. Traffic Signal Repair/Replace Budget Amount $10,000 (Streets Fund Balance/Gas Taxes) Repairs are anticipated due to traffic signals that are aging and parts can become corroded. Land Acquisition Fund (302) $150, Arts, Culture and Education Center Site Development Budget Amount $150,000 (Construction Developer Fees) Site Engineering Planning and Design for an Art, Cultural and Education Center (ACE Center). The Town has purchased a total of 4.81 acres in the Town Center area and has collaborated with Ringling College of Art and Design for the development of the ACE Center. The intent is for the Town to assume costs for site design and site work, while Ringling will assume the building design, building construction, operations, and programming. Beach Capital Project Fund (303) $2,148, Canal 1A Beneficial Use Budget Amount $750,000 (Fund Balance or Bond Proceeds) Permitting and final design, bid and award, Construction Management for adding scope of work to expand dredging of Canal 1A to include Greer Island sand spit and beneficial use of sand on NE beach profile of Greer Island. 36. New Pass Groin Tightening / Extension Budget Amount $200,000 (Fund Balance of Bond Proceeds) Planning, design, permitting for New Pass Tightening. 37. Monitoring for Protected Species Budget Amount $250,000 (Fund Balance) Required environmental monitoring of shore birds and sea turtles in compliance with permit requirements. 38. Beach Tilling Budget Amount $40,000 (Fund Balance) This project includes tilling of beach sand for turtle nesting as a permit condition based on postconstruction sand conditions. 44

100 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 continued Beach Capital Project Fund (303) continued 39. Beach Consultant Budget Amount $150,000 (Fund Balance) Potential need of additional beach monitoring consultants to confirm designs and technical review or additional/varied scope 40. Beach Post Construction Monitoring Budget Amount $75,000 (Fund Balance) Annual Island-wide Monitoring; Aerials; North End post construction; Permeable Adjustable Groin monitoring (recurring for the next 10 years) Post Construction FDEP Permit requirements. 41. Sand Search Budget Amount $300,000 (Fund Balance) Preliminary geo-technical review and design of offshore sand resources for future beach renourishment projects. 42. Groin Maintenance Budget Amount $ 30,000 (Fund Balance) Maintenance as permit requires of completed project. 43. Beach Artificial Reef Monitoring Budget Amount $ 75,000 (Fund Balance) Monitoring of hard bottom in the vicinity of R-50 +/- required by permit conditions JCP JC permit required monitoring of hard bottom. 44. Annual Beach Survey Budget Amount $75,000 (Fund Balance) 45. Legal Expense Budget Amount $3,000 (Fund Balance) 46. Contingency Budget Amount $200,000 (Fund Balance) A contingency has been added to capital budget for any unforeseen circumstances or revision in costs. Parks & Recreation Capital Fund (306) $65, Sister Keys Invasive Species Removal Budget Amount $10,000 (Fund Balance) Sister Keys Invasive species monitoring and removal. 48. Recreation Center Planning Budget Amount $40,000 (Fund Balance) Review options for replacement of the recreation center building at Bayfront Park. 49. Boardwalk Repairs/Pier replacement & Dock Budget Amount $15,000 (Fund Balance) To replace boardwalks throughout the parks and public property as deemed necessary. 45

101 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 continued Utility Capital Fund (404) $3,301,000 Water Division 50. Water Distribution rehab Budget Amount $500,000 (Funded by Utility Revenues) Systematic engineering evaluation for the Installation of a new parallel water main on GMD next to the 16"- 10" Transmission Water line to provide Non-interrupted service caused by water breaks on existing Transmission Water Main. 51. Asbestos Cement Pipe Replacement Budget Amount $300,000 (Funded by Utility Revenues) This project consists of the removal and replacement of old asbestos/cement (a/c) water lines throughout areas of the Town. Country Club Shores - Channel Ln. 52. Meters (Funded by Utility Revenues) Budget Amount $15, Water Station Upgrade Budget Amount $50,000 (Funded by Utility Revenues) Upgrade on existing system equipment (mechanical, piping, pumps, flowmeters, chemical injection, transducers, etc.) 54. Replace/Install Large Diameter Mainline Water Valves Budget Amount $150,000 (Funded by Utility Revenues) There are 18 large water valves along our 10 mile-long main water line on GMD. This project will replace three large water valves annually over the next 6 years. 55. Undergrounding Project Repairs Budget Amount $150,000 (Funded by Utility Revenues) Associated repair costs with the Town's Undergrounding Project. The work will be necessary to relocate underground water lines, meters, etc. 56. Mid Key Water Storage Tank Inspection and Repairs Budget Amount $90,000 (Funded by Utility Revenues) Water storage tank inspection (required every 5 years) and need maintenance/repair per engineering evaluation/tank inspections 57. South Key Water Storage Tank Inspection and Repairs Budget Amount $90,000 (Funded by Utility Revenues) Water storage tank inspection (required every 5 years) and need maintenance/repair per engineering evaluation/tank inspections 58. Bobcat Excavator Budget Amount $75,000 (Funded by Utility Revenues) Replacement of 2007 Excavator that is used to dig up asphalt, dirt, etc. when repairing water leaks. 59. Truck Budget Amount $30,000 (Funded by Utility Revenues) New work truck for meter repair/ maintenance, water sampling and trips off island for materials. 46

102 CAPITAL OUTLAY BY FUND (NEW SPENDING) FOR FY19 continued Utility Capital Fund (404) continued Wastewater Division 60. Rehabilitation of Sewer Lines Budget Amount $ 500,000 (Funded by Utility Revenues) Sewer main lining and connections to prevent high infiltration of groundwater into the sanitary system. 61. SCADA Upgrade Budget Amount $100,000 (Funded by Utility Revenues and/or Fund balance) SCADA (Supervisory Control and Data Acquisition system) review and program upgrades. System is over 9 years old. SCADA software upgrades have been performed and secondary station SCADA equipment will be replaced. SCADA provides vital role in knowledge and capabilities key to primary business function and system monitoring. Provide continued maintenance, optimization, and parts replacement to SCADA. 62. Wetwell & Manhole Repair Budget Amount $125,000 (Funded by Utility Revenues and/or Fund balance) Systematic repair and rehabilitation for manholes and wetwells on an as needed basis. 63. Lift Station Pumps Budget Amount $30,000 (Funded by Utility Revenues and/or Fund balance) 64. Sewer Lateral Replacement Budget Amount $100,000 (Funded by Utility Revenues and/or Fund balance) Replace/re-line several sewer laterals that are contributing to the infiltration of groundwater in the Town's sewer system. 65. Undergrounding Project Repairs Budget Amount $150,000 (Funded by Utility Revenues) Associated repair costs with the Town's Undergrounding Project. The work will be necessary to relocate underground wastewater lines. 66. Lift Station C Force Main / GMD Wastewater Crossing Budget Amount $55,000 (Funded by Utility Revenues) 67. Lift Station Rehabilitation (Intermediate) Budget Amount $206,000 (Funded by Utility Revenues) 68. Lift Station Rehabilitation (Minor) Budget Amount $390,000 (Funded by Utility Revenues) 69. Lift Station Permanent Bypass Pump Budget Amount $80,000 (Funded by Utility Revenues and/or Fund balance) Install permanent bypass pumps at L/S D-10", 4F-4"and 7F-6" for continues wastewater operation during emergency events. 70. Lift Station Electrical Upgrades Budget Amount $60,000 (Funded by Utility Revenues) 71. Trailer Mounted Generator Replacement Budget Amount $55,000 (Funded by Utility Revenues) 47

103 Certified Certified July 1 Values FY 2017 FY 2018 FY 2019 Sarasota County 3,908,461,938 4,051,443,151 4,186,438,490 Manatee County 1,557,319,515 1,693,475,816 1,787,963,805 Total Ad Valorem Value $5,465,781,453 $5,744,918,967 $5,974,402,295 GENERAL FUND TAXES General tax millage Taxes collectible $11,139,093 $11,720,036 $12,189,326 GENERAL OBLIGATION DEBT SERVICE G.O. Millage G.O. Facility Bonds $285,778 $284,973 $275,000 DISTRICT A AD VALOREM VALUE Sarasota County 2,357,190,190 2,455,158,139 2,530,821,534 Manatee County 877,916, ,258,947 1,031,924,657 Total Ad Valorem Value $3,235,106,533 $3,426,417,086 $3,562,746,191 DEBT SERVICE TAXES Beach Bond Millage Taxes Collectible $2,388,427 $2,392,009 $2,394,744 DISTRICT B AD VALOREM TAX SUMMARY FISCAL YEAR AD VALOREM VALUE Sarasota County 1,551,271,748 1,596,285,012 1,655,616,956 Manatee County 679,403, ,216, ,039,148 Total Ad Valorem Value $2,230,674,920 $2,318,501,881 $2,411,656,104 DEBT SERVICE TAXES Beach Bond Millage Taxes Collectible $411,573 $404,641 $405,256 48

104 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Ad Valorem Taxes / Sarasota County 7,470,738 7,721,639 7,988,905 8,267,685 8,267,685 8,541, , % Ad Valorem Taxes / Manatee County 2,892,297 3,025,947 3,192,108 3,460,512 3,460,512 3,648, , % PROPERTY TAXES 10,363,035 10,747,586 11,181,013 11,728,197 11,728,197 12,189, , % Local Business Tax 152, , , , , ,000 4, % OTHER TAXES 152, , , , , ,000 4, % Franchise Fees / Electricity 938, , , , , ,000 20, % Franchise Fees / Gas 35,761 39,345 51,819 45,000 45,000 65,000 20, % Franchise Fees / Solid Waste 14,392 15,166 15,354 14,000 14,000 15,700 1, % FRANCHISE FEES 989, , , , , ,700 41, % Mobile Home Licenses , % Alcoholic Beverage Licenses 12,026 14,574 9,341 10,000 10,000 10, % Permits / Miscellaneous 1,945 1,735 1,690 1,700 1,700 1, % Permits / Sign 8,025 6,675 4,515 6,500 6,500 6, % Fire Prevention Permit & Inspection 17,631 9,626 2,597 9,000 9,000 3,000 (6,000) (66.7%) Boat Registrations / Sarasota Cnty 3,901 3,698 3,790 3,600 3,600 3, % Permits / Special Events - - 1,800 2,000 2,000 2, % LICENSES AND PERMITS 43,949 36,600 24,754 33,400 33,400 27,600 (5,800) (17.4%) St Rev Sharing / Sales Tax 138, , , , , ,800 32, % St Rev Sharing / Communications Tax 576, , , , , ,000 16, % Local Govt 1/2 Cent Sales Tax 559, , , , , ,000 24, % INTERGOVERNMENTAL 1,274,666 1,270,351 1,349,665 1,292,000 1,292,000 1,364,800 72, % Zoning Fees / Petitions 26,016 7,430 29,607 10,000 10,000 20,000 10, % Staff Reveiw Fees - - 1, ,400 1, % Firefighters Supplmental Comp 17,733 19,825 15,116 19,000 19,000 19, % Lien Search Fee 14,655 15,475 16,135 17,000 17,000 17, % Manatee Interlocal / Marine Patrol ,000 60, % Other Grants-Pub Safety % St Grants - Fl Fish & Wildlife - - 3, % Fire Inspection Fees 24,525 23,325 12,525 24,000 24,000 12,500 (11,500) (47.9%) Fire Prevention Plan Review , ,280 11, % Emergency Medical Service Fees 287, , , , , , % Rec Ctr / Registrations/Fees 14,949 15,844 7,671 15,000 15,000 14,000 (1,000) (6.7%) Rec Ctr / Memberships 3,476 2,583 2,229 3,500 3,500 3, % Rent / 4110 Gulf Of Mexico 7, % CHARGES FOR SERVICES 396, , , , , ,680 70, % 49

105 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Fed Grants / FEMA - - 9, % Othr Grants / WCIND - Police Patrol 41,419 65,000 71, % Othr Grants / WCIND - Fire Equipment 23,278 7,721 11, % St Grants / FEMA - - 1, % GRANTS 64,697 72,721 93, % Court Fines / Sarasota County 1, ,420 1,000 1,000 1, % Court Fines / Manatee County 2,470 1,147 2,340 1,500 1,500 1, % Violations / Fire Alarm Ordinance 1,550 4,100 1,050 2,000 2,000 2, % Violations / Handicap Fines % Violations / Local Ordinances Misc 960 1,046 38,000 1,000 1,000 1, % Other Fines / Police Parking Fines 4,500 11,715 16,430 10,000 10,000 15,000 5, % Othr Fines/Candidate Late Filing % Other Fines / Tag Seizure % Copies / Maps / Ordinances / Etc , % Firefighters Union Adm Fee % Sale Of Fixed Assets 50,730 11,926 4, % Insurance Proceeds % Sale Of Surplus Minor Equipment - 6,493 4, % Contribution Private Organization 200, , % Contribution Private Org / Rec Ctr - 1, % Refund Of Prior Year Expenditures % Settlements / BP Oil 967, % Misc Rev / Workers Comp Reimburse 7,580 9, % Misc Rev / Police Dept % Misc Rev / Other 53,961 66,186 1,909 34,625 34,625 11,000 (23,625) (68.2%) Misc Rev / Vending Machine % Misc Rev / Rec Ctr Rental 2, ,000 2,000 14,000 12, % Misc Rev / P-card Rebate 15,632 15,929 14,475 12,000 12,000 14,500 2, % Misc Rev / Recycling Rebate 7,373 4,326 7,983 5,000 5,000 7,000 2, % FINES AND MISCELLANEOUS 1,319, ,251 97,383 70,925 70,925 68,800 (2,125) (3.0%) Interest On Investments 19,674 63,969 54,603 50,000 50, , , % Gain Loss On Sale Of Investments 1,928 4, % Interest / Sarasota Tax Collector 331 1, % Interest / Manatee Tax Collector % INCOME ON INVESTMENTS 21,933 69,125 55,431 50,500 50, , , % TOTAL REVENUES 14,626,338 13,964,902 14,291,142 14,337,522 14,337,522 15,107, , % IF Transfer / Road & Bridge 682, , , , ,000 (200,000) (66.7%) IF Transfer / GMD Undergrounding - 213, % IF Transfer/Neighborhood Undergrnd - 223, % IF Transfer / Utility Fund 1,018, , ,000 1,019,310 1,019,310 1,026,887 7, % IF Transfer / Building Fund 365, , , , , ,000 (65,704) (19.9%) Prior Year Surplus , ,178 - (338,178) (100.0%) TOTAL TRANSFERS 2,066,507 1,692,457 1,950,500 1,988,192 1,988,192 1,391,887 (596,305) (30.0%) GRAND TOTAL REVENUES AND TRANSFERS 16,692,845 15,657,359 16,241,642 16,325,714 16,325,714 16,499, , % 50

106 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % TOWN COMMISSION Travel / Conference / Training 4,937 2,018 7,620 11,000 11,000 15,700 4, % Communications 5,144 5,622 5,578 8,000 8,000 6,000 (2,000) (25.0%) Postage And Freight ,000 1, (500) (50.0%) Rental / Building % Printing And Forms % Duplication Costs 2, ,000 2,000 - (2,000) (100.0%) Miscellaneous 3,403 3,416 3,710 4,000 4,000 4, % Office Supplies 2,869 1,295 1,706 2,000 2,000 2, % Small Tools & Minor Equipment % Bks/Publications/Subscrip/Memb Dues 1,218 1,232 1,271 1,500 1,500 1, % TOTAL TOWN COMMISSION 21,533 15,432 20,845 30,100 30,100 30, % LEGAL COUNSEL Contractual Services / Legal 230, , , , , ,000 16, % Prof Services / Purchasing 8,804 12,695 1,826 15,000 15,000 - (15,000) (100.0%) Other Attorneys 83,820 71,814 48,466 85,000 85,000 15,000 (70,000) (82.4%) Town Attorney / Litigation 66,319 74,243 53,257 60,000 60,000 90,000 30, % TOTAL TOWN ATTORNEY 389, , , , , ,000 (39,000) (8.0%) TOWN MANAGER Wages / Executive 238, , , , , ,013 (168,098) (47.3%) Wages / Regular 79,090 82,798 83, , ,455 88,395 (203,060) (69.7%) Severance , % Wages / Temporary ,250 16,250 5,000 (11,250) (69.2%) Fica Taxes 20,225 24,321 26,853 49,227 49,227 17,817 (31,410) (63.8%) Pension 11,724 8,413 8,193 33,435 33,435 9,025 (24,410) (73.0%) Town Contrib Salary Savings / 401K 2,358 3,237 2,506 5,135 5,135 2,652 (2,483) (48.4%) Town Contrib Def Comp / Icma 401-A 55,758 63,496 61,511 89,882 89,882 47,431 (42,451) (47.2%) Insurance / Medical 32,632 33,171 34,671 82,184 82,184 21,946 (60,238) (73.3%) Insurance / Disability 1,304 2,094 2,092 3,518 3,518 1,680 (1,838) (52.2%) Wellness ,000 6,000 - (6,000) (100.0%) Insurance / Life 1,684 3,876 3,986 4,433 4,433 2,139 (2,294) (51.7%) Workers Compensation ,266 1, (817) (64.5%) PERSONNEL SERVICES 444, , , , , ,547 (554,349) (59.1%) Prof Services / Other ,500 20,500 - (20,500) (100.0%) Travel / Conference / Training 2,573 3,509 3,856 18,100 18,100 6,200 (11,900) (65.7%) Car Allowance (100) (33.3%) Communications 4,723 3,201 3,641 6,000 6,000 3,500 (2,500) (41.7%) Cell Phone Allowance ,800 1,800 1, % Postage And Freight % Rental / Building % R/M Automotive Equipment % Printing And Forms (250) (100.0%) Miscellaneous % Advertising ,500 1,500 - (1,500) (100.0%) Office Supplies 1,105 1, ,350 3,350 1,600 (1,750) (52.2%) Fuel And Oil % 51

107 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Miscellaneous Operating Supplies (500) (100.0%) Small Tools & Minor Equipment (200) (100.0%) Bks/Publications/Subscrip/Memb Dues 3,787 3,641 2,473 4,880 4,880 3,640 (1,240) (25.4%) OPERATING EXPENSES 14,429 14,072 12,756 59,380 59,380 18,940 (40,440) (68.1%) TOTAL TOWN MANAGER 458, , , , , ,487 (594,789) (59.6%) TOWN CLERK Wages / Executive 88,622 95,593 97, , , ,770 5, % Wages / Regular 79,147 94,571 96, , ,934 91,754 (13,180) (12.6%) Wages / Temporary 13,509 5,209 6,306 5,000 5,000 5, % Wages / Pollworkers - 2,842 6,102 9,000 9,000 9, % Wages / Overtime % Fica Taxes 13,921 14,939 15,224 16,984 16,984 16,478 (506) (3.0%) Pension 32,284 30,296 29,503 30,748 30,748 26,479 (4,269) (13.9%) Town Contrib Salary Savings / 401-K 4,283 4,761 4,712 5,036 5,036 3,233 (1,803) (35.8%) Town Contrib Def Comp / Icma 401-A 19,089 20,475 20,961 24,005 24,005 23,857 (148) (0.6%) Insurance / Medical 12,692 13,245 14,667 32,990 32,990 34,469 1, % Insurance / Disability ,170 1,170 1,139 (31) (2.6%) Insurance / Life (245) (27.7%) Workers Compensation (112) (25.2%) PERSONNEL SERVICES 264, , , , , ,021 (12,258) (3.7%) Prof Services / Other 19,541 8,360 16,707 20,000 20,000 20, % Travel / Conference / Training 1,476 2,472 2,748 4,017 4,017 4, % Communications 2,286 2,239 1,926 2,300 2,300 2, % Postage And Freight 1,490 1,350 1,602 1,956 1,956 1, % Rental / Building % R/M Other Equipment 148 1, % Printing And Forms 4, ,000 7,000 7, % Miscellaneous % Advertising 28,540 39,119 43,021 38,500 38,500 38,000 (500) (1.3%) Office Supplies (100) (14.3%) Small Tools And Minor Equipment % Bks/Publications/Subscrip/Memb Dues , % OPERATING EXPENSES 59,306 56,936 69,051 76,923 76,923 76,921 (2) (0.0%) TOTAL TOWN CLERK 324, , , , , ,942 (12,260) (3.0%) 52

108 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % FINANCE DEPARTMENT Wages / Executive 95,275 98, , , , ,695 4, % Wages / Regular 245, , , , , ,159 5, % Incentive Pay / Regular ,500 2, % Severance - 4, % Wages / Temporary 25, ,000 5,000 5, % Wages / Overtime % Fica Taxes 27,576 29,054 30,872 31,257 31,257 32,317 1, % Pension 92,857 98,706 96,124 91,545 91,545 96,777 5, % Town Contrib Salary Savings / 401-K 3,125 1,822 3,555 6,017 6,017 6, % Town Contrib Def Comp / Icma 401-A 36,938 38,503 44,622 48,150 48,150 50,393 2, % Insurance / Medical 45,844 43,286 58,375 63,325 63,325 76,587 13, % Insurance / Disability 1,491 2,188 2,233 2,370 2,370 2, % Insurance / Life 890 1,935 2,037 1,791 1,791 1,397 (394) (22.0%) Insurance Opt Out Allowance 921 1,000 1,038 1,000 1,000 1, % Workers Compensation (165) (20.0%) PERSONNEL SERVICES 576, , , , , ,402 35, % Prof Services / Other 6, ,000 2,000 2, % Travel / Conference / Training 2,788 4,071 4,060 8,294 8,294 8, % Car Allowance % Communications 2,471 1,792 1,666 1,700 1,700 1, % Cell Phone Allowance 1,500 2,054 2,366 2,100 2,100 2, % Postage And Freight 1,178 1,062 1,132 1,100 1,100 1, % Rental / Building ,100 1, (300) (27.3%) Printing And Forms % Duplication Costs (600) (100.0%) Miscellaneous (18) (36.0%) Advertising (200) (40.0%) Office Supplies ,300 1,300 1, % Small Tools And Minor Equipment - - 2,060 1,068 1,068 - (1,068) (100.0%) Bks/Publications/Subscrip/Memb Dues 1, ,030 1,030 1, % OPERATING EXPENSES 17,897 12,133 14,636 21,792 21,792 21, % TOTAL FINANCE DEPT 594, , , , , ,352 35, % INFORMATION TECHNOLOGY Wages / Executive 113, , , , , ,697 4, % Wages / Regular 162, , , , , ,681 48, % Severance 28, % Wages / Temporary - - 1, % Wages / Overtime 447 1,539 1,298 3,500 3,500 8,000 4, % Fica Taxes 22,459 15,885 16,710 18,166 18,166 22,596 4, % Pension 39,813 42,321 41,214 42,956 42,956 45,411 2, % Town Contrib Salary Savings / 401-K 4,269 2,112 2,119 2,248 2,248 2, % Town Contrib Def Comp / Icma 401-A 32,787 26,744 27,671 28,080 28,080 29,227 1, % Insurance / Medical 45,904 43,139 48,375 49,943 49,943 51,711 1, % Insurance / Disability 1,075 1,307 1,235 1,396 1,396 1, % 53

109 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Insurance / Life 682 1,127 1,128 1,053 1, (237) (22.5%) Workers Compensation (22) (4.5%) PERSONNEL SERVICES 452, , , , , ,385 67, % Prof Services / Other 106,820 72,852 99, , ,000 50,000 (60,000) (54.5%) Travel / Conference / Training 9,629 6,593 13,008 13,500 13,500 13, % Car Allowance 708 1,058 1, % Communications 29,536 34,319 24,537 24,100 24,100 24, % Cell Phone Allowance % Postage And Freight % Rental / Building 1,126 1,160 1,038 5,000 5,000 5, % R/M Other Equipment 24,969 44,171 22,124 29,600 29,600 98,475 68, % Printing And Forms 3,608 2, % Miscellaneous % Office Supplies , % Misc Operating Supplies 1,348 1,602 1,172 1,300 1,300 1, % Small Tools And Minor Equipment 24,117 15,819 45,570 37,000 40,129 32,000 (5,000) (13.5%) Computer Software 6,516 4,567 9,293 28,100 47,227 28, % Bks/Publications/Subscrip/Memb Dues , (250) (100.0%) OPERATING EXPENSES 209, , , , , ,633 4, % TOTAL INFORMATION TECHNOLOGY 661, , , , , ,018 72, % HUMAN RESOURCES - MOVED UNDER SUPPORT SERVICES FY Wages / Regular 72,291 75,932 78, % Fica Taxes 5,281 5,559 5, % Pension 13,025 16,024 15, % Town Contrib Salary Savings 2,163 2,343 2, % Town Contrib Def Comp / Icma 401-A 11,588 12,149 12, % Insurance / Medical 14,497 15,272 17, % Insurance / Disability % Insurance / Life % Insurance Opt Out Allowance % Workers Compensation % PERSONNEL SERVICES 119, , , % Prof Service / Other 20,711 17,890 16, % Travel / Conference / Training , % Car Allowance % Communications 1,747 1,157 1, % Postage And Freight % Rental / Building % Printing And Forms % Miscellaneous % Advertising , % Office Supplies % Small Tools And Minor Equipment % Bks/Publications/Subscrip/Memb Dues % OPERATING EXPENSES 24,479 20,790 22, % TOTAL HUMAN RESOURCES 143, , , % 54

110 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % FACILITIES Pension 5,311 5,646 5,498 5,728 5,728 3,456 (2,272) (39.7%) PERSONNEL SERVICES 5,311 5,646 5,498 5,728 5,728 3,456 (2,272) (39.7%) Electricity 26,811 26,172 28,621 26,811 26,811 26, % Water 7,089 11,837 15,771 10,000 10,000 10, % R/M Buildings 15,284 23,101 44,261 65,200 65,200 83,275 18, % R/M Grounds 6,460 3,164 3,681 6,490 6,490 6, % R/M Other Equipment 10,659 4,320 10,177 10,659 10,659 13,659 3, % R/M Buildings - Contractual 29,915 30, % Miscellaneous % Cleaning and Sanitation % Miscellaneous Operating Supplies % Small Tools and Minor Equipment 613-3, % OPERATING EXPENSES 96,874 99, , , , ,735 21, % TOTAL FACILITIES 102, , , , , ,191 18, % SUPPORT SERVICES DEPARTMENT Wages / Executive ,699 99, % Wages / Regular , , % Wages / Temporary ,550 12, % Wages / Overtime % Fica Taxes ,112 24, % Pension ,348 32, % Town Contrib Salary Savings / 401-K ,681 2, % Town Contrib Def Comp / Icma 401-A ,471 40, % Insurance / Medical ,046 45, % Insurance / Disability ,846 1, % TMWellness ,000 6, % Insurance / Life ,034 1, % tm Insurance Opt Out Allowance ,000 1, % Workers Compensation % PERSONNEL SERVICES , , % Prof Services / Other ,500 20, % Travel / Conference / Training ,700 10, % Car Allowance % Communications ,400 1, % Cell Phone Allowance ,800 1, % Postage And Freight % TMG-PUR Rental / Building % Printing And Forms % Miscellaneous % Advertising ,900 1, % Office Supplies ,490 1, % Bks/Publications/Subscrip/Memb Dues ,510 1, % OPERATING EXPENSES ,250 40, % TOTAL SUPPORT SERVICES DEPT , , % 55

111 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % POLICE Wages / Executive 92,960 95,995 98, , , ,222 4, % Incentive Pay / Executive 1,607 1,568 1,564 1,560 1,560 1, % Wages / Regular 1,264,757 1,322,597 1,318,676 1,320,737 1,320,737 1,264,802 (55,935) (4.2%) Laundry And Clothing Allowance 15,507 15,600 15,395 15,848 15,848 15,600 (248) (1.6%) Incentive Pay / Regular 22,089 19,000 16,407 17,039 17,039 14,399 (2,640) (15.5%) Wages / Holiday 56,989 61,514 63,584 57,857 57,857 55,001 (2,856) (4.9%) Shift Differential 29,544 29,676 30,823 29,542 29,542 28,966 (576) (1.9%) Wages / Temporary 2,008 4,674 4, % Wages / Overtime 56,619 27,002 25,172 27,000 27,000 43,523 16, % Fica Taxes 115, , , , , ,636 (10,250) (8.3%) Pension 692, , , , , ,294 (8,892) (1.2%) Town Contrib Salary Savings / 401-K 6,653 6,910 6,081 6,401 6,401 8,406 2, % Town Contrib Def Comp / Icma 401-A 171, , , , , ,963 (3,418) (1.9%) Insurance / Medical 273, , , , , ,101 (15,926) (5.3%) Insurance / Disability 5,904 8,448 8,213 8,483 8,483 8,234 (249) (2.9%) Insurance / Life 3,463 7,184 7,511 6,419 6,419 4,634 (1,785) (27.8%) Insurance Opt Out Allowance 953 2,000 2,654 2,000 2,000 2, % Workers Compensation 26,088 28,102 38,028 42,237 42,237 39,613 (2,624) (6.2%) PERSONNEL SERVICES 2,837,655 2,907,071 2,893,952 2,979,373 2,979,373 2,896,954 (82,419) (2.8%) Prof Services / Other 7,893 1,660 1,344 6,000 6,000 5,000 (1,000) (16.7%) Derelict Vessel Removal - 4,300 5,200 10,000 10,000 10, % Travel / Conference / Training 4,463 1,777 4,361 4,000 4,000 4, % Mileage Reimbursement (Non-Conference) % Communications 30,255 35,113 37,128 40,000 40,000 40, % Postage And Freight % Electricity 11,433 10,915 11,077 12,500 12,500 12, % Water 1, ,000 1,000 1, % Rental / Building 1,541 2,827 2,272 1,700 1,700 1, % Rental / Equipment 4,139 2,240 2,001 1,800 1,800 1, % R/M Buildings 11,650 14,274 15,898 13,425 13,425 1,000 (12,425) (92.6%) R/M Grounds % R/M Automotive Equipment 11,931 22,991 25,639 25,000 25,000 25, % R/M Other Equipment 7,560 18,339 15,250 23,300 23,300 15,000 (8,300) (35.6%) Printing And Forms 2,943 1,946 2,093 3,000 3,000 2,000 (1,000) (33.3%) Duplication Costs % Licenses And Taxes % Miscellaneous ,719 2,000 2,000 2, % Advertising ,000 3,000 1,000 (2,000) (66.7%) Code Enforcement Board Actions ,500 1,500 - (1,500) (100.0%) Office Supplies 1,839 3,645 4,139 6,000 6,000 5,000 (1,000) (16.7%) Cleaning And Sanitation Supplies % Uniforms 13,842 13,352 12,432 11,000 11,000 11, % Fuel And Oil 50,912 59,749 54,830 60,000 60,000 59,000 (1,000) (1.7%) Misc Operating Supplies 1,684 2,103 1,362 2,000 2,000 2, % Small Tools And Minor Equipment 3,922 2,007 4,788 7,000 7,000 8,000 1, % Property & Evidence Supplies ,923 3,000 3,000 6,000 3, % Minor Equipment / WCIND Funded 6,621 1,540 5, % 56

112 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Bks/Publications/Subscrip/Memb Dues 2,693 1,896 1,917 2,000 2,000 3,000 1, % Grants - Crime Stoppers , % OPERATING EXPENSES 178, , , , , ,750 (23,225) (9.6%) TOTAL POLICE EXPENSES 3,016,355 3,110,609 3,120,367 3,220,348 3,220,348 3,114,704 (105,644) (3.3%) FIRE DEPARTMENT Wages / Executive 95,421 98, , , , ,801 8, % Incentive Pay / Executive 3,606 3,520 3,510 3,501 3,501 3, % Wages / Regular 2,327,836 2,356,246 2,225,084 2,306,136 2,306,136 2,391,322 85, % Laundry And Clothing Allowance 17,175 17,935 18,065 17,435 17,435 17, % Incentive Pay / Regular 62,651 67,066 67,354 65,655 65,655 67,545 1, % Wages / Holiday 94,535 97,713 93,290 93,253 93,253 95,823 2, % Wages / Temporary - 1,050 3,586 1,500 1,500 1, % Wages / Overtime 117, , , , , ,180 36, % State Incentive 17,864 19,941 20,168 19,081 19,081 19, % Fica Taxes 197, , , , , ,794 6, % Pension 2,940,825 1,794,557 1,740,996 1,913,702 1,913,702 2,019, , % Town Contribution / FRS 432, , , , , ,381 61, % Town Contrib Salary Savings / 401-K 5,636 7,842 7,798 8,191 8,191 8, % Town Contrib Def Comp / Icma 401-A 24,986 25,537 26,229 26,316 26,316 27,397 1, % Insurance / Medical 381, , , , , ,067 18, % Insurance / Disability 10,254 14,237 13,360 14,147 14,147 14, % Insurance / Life 6,402 12,641 12,133 10,713 10,713 10,418 (295) (2.8%) Insurance Opt Out Allowance 1,000 1,000 1, ,000 1, % Workers Compensation 69,151 73,232 86,089 96,249 96,249 94,900 (1,349) (1.4%) PERSONNEL SERVICES 6,806,064 5,801,382 5,748,267 6,094,256 6,094,256 6,423, , % Prof Services / Other 44,301 48,709 48,565 63,451 63,451 66,700 3, % Prof Services / EMS Billing 4,270 13,174 13,872 12,500 12,500 12, % Travel / Conference / Training 19,389 18,811 21,624 35,500 35,500 40,600 5, % Car Allowance % Communications 11,998 15,372 21,089 19,000 19,000 19, % Cell Phone Allowance % Postage And Freight ,200 1,200 1, % Electricity 23,028 21,216 22,457 22,000 22,000 22, % Water 2,820 2,977 10,619 5,000 5,000 5, % Rental / Buildings % Rental / Equipment 3,017 1,548 1,356 1,800 1,800 1, % R/M Buildings 19,704 24,463 9,656 20,650 20,650 11,750 (8,900) (43.1%) R/M Grounds 1, % R/M Automotive Equipment 56,834 74,477 88,144 76,000 76,000 85,000 9, % R/M Other Equipment 33,122 22,951 20,197 64,100 64,100 40,000 (24,100) (37.6%) Printing And Forms 2,231 1,139 1,966 2,000 2,000 2, % Duplication Costs ,500 1,500 1, % Licenses And Taxes 3, ,678 5,500 5,500 5, % Miscellaneous 519 1,630 1,488 1,600 1,600 2, % Advertising % Office Supplies 1,389 3,755 1,945 2,300 2,300 2, % 57

113 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Chemicals 3,878 2,132 1,373 3,900 3,900 3, % Cleaning And Sanitation Supplies 2,719 1,322 3,460 4,200 4,200 4, % Uniforms 17,651 23,818 21,043 21,000 15,900 21, % Fuel And Oil 24,298 20,605 25,751 30,000 30,000 30, % Rescue Supplies 44,791 42,272 34,048 45,000 45,000 45, % Misc Operating Supplies 2,725 3, ,000 3,000 3, % Small Tools And Minor Equipment 27,929 9,478 36,660 25,000 25,000 20,000 (5,000) (20.0%) Uniforms - Bunker Gear 10,332 9,157 7,140 13,500 13,500 13, % Pharmaceuticals 12,923 13,654 11,961 13,000 13,000 13, % Minor Equipment - WCIND Funded 19,767 13,297 22,292 9,500 9,500 24,693 15, % Bks/Publications/Subscrip/Memb Dues 3,672 3,364 2,445 4,300 4,300 4, % OPERATING EXPENSES 400, , , , , ,443 (4,958) (1.0%) TOTAL FIRE DEPARTMENT 7,206,398 6,197,092 6,184,861 6,601,657 6,596,557 6,925, , % EMERGENCY MANAGEMENT Wages / Regular - - 7, % Wages / Overtime - 2,876 30, % Fica Taxes , % Prof Services / Other - - 1, % Travel / Conference - - 2, ,800 13, % Communications 7,582 9,091 8,758 9,000 9,000 9, % Postage & Freight 2, ,199 2,000 2,000 2, % Rental / Buildings 5, ,400 5,400 5, % Rental / Equipment % R/M Other Equipment - - 1, % Debris Removal , , % Printing And Forms - - 2,160 2,200 2,200 2, % Miscellaneous 80-2, % Fuel And Oil - - 1, % Misc Operating Supplies - - 4, % TOTAL EMERGENCY MANAGEMENT 15,077 13, ,549 18, ,737 32,400 13, % 58

114 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % PUBLIC WORKS Wages / Executive 109, , , , , ,606 (76,986) (40.4%) Wages / Regular 206, , , , , ,684 (1,810) (0.8%) Wages / Temporary % Wages / Overtime % Fica Taxes 23,933 25,406 27,205 31,440 31,440 25,465 (5,975) (19.0%) Pension 57,428 61,045 59,448 61,959 61,959 51,208 (10,751) (17.4%) Town Contrib Salary Savings / 401-K 7,532 8,208 8,151 6,021 6,021 2,109 (3,912) (65.0%) Town Contrib Def Comp / Icma 401-A 36,127 37,699 39,635 42,857 42,857 37,587 (5,270) (12.3%) Insurance / Medical 37,476 37,556 41,291 54,421 54,421 55,520 1, % Insurance / Disability 1,387 1,995 1,886 2,187 2,187 2,009 (178) (8.1%) Insurance / Life 878 1,748 1,722 1,653 1,653 1,125 (528) (31.9%) Insurance Opt Out Allowance % Workers Compensation 2,929 3,160 4,097 4,661 4,661 4,283 (378) (8.1%) PERSONNEL SERVICES 484, , , , , ,284 (104,001) (16.9%) Prof Services / Other 3,694 3,944 24,947 15,000 15,000 15, % Travel / Conference / Training 618 1, ,670 1,670 3,120 1, % Car Allowance (100) (100.0%) Communications 1,076 1,331 1,829 2,300 2,300 2, % Cell Phone Allowance 3,000 3,000 3,058 3,000 3,000 3, % Postage And Freight 909 2, ,000 1,000 1, % Rental / Building % Rental / Equipment 2,962 2,962 2,715 3,060 3,060 3, % R/M Automotive Equipment 2, ,800 1,800 1, % R/M Other Equipment % Printing And Forms % Duplication Costs 1,639 1,537 1,244 1,512 1,512 1, % Miscellaneous % Advertising ,000 1,000 1, % Office Supplies , % Uniforms % Fuel And Oil 3,428 3,640 1,764 3,966 3,966 3,000 (966) (24.4%) Small Tools And Minor Equipment ,800 1,800 1,000 (800) (44.4%) Bks/Publications/Subscrip/Memb Dues 810 1, % OPERATING EXPENSES 22,597 23,834 41,319 39,909 39,909 39,493 (416) (1.0%) TOTAL PUBLIC WORKS 506, , , , , ,777 (104,417) (15.9%) PARKS Wages / Regular 25,563 34,594 36,981 85,931 85,931 88,584 2, % Laundry And Clothing Allowance % Wages / Overtime ,500 1, (1,226) (81.7%) Fica Taxes 1,976 2,612 2,914 6,681 6,681 6, % Pension 33,854 33,964 33,076 34,473 34,473 36,443 1, % Town Contrib Salary Savings / 401-K 1, % Town Contrib Def Comp / Icma 401-A 2,237 3,165 3,475 7,881 7,881 7, % Insurance / Medical 5,216 3,545 6,584 31,979 31,979 26,571 (5,408) (16.9%) Insurance / Disability % Insurance / Life (97) (24.1%) 59

115 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Workers Compensation ,742 2,742 2, % PERSONNEL SERVICES 71,511 79,756 84, , , ,880 (1,794) (1.0%) Peafowl Removal - 12,000-10,000 10,000 5,000 (5,000) (50.0%) Travel / Conference / Training 139 1, ,000 2,000 2, % Communications % Cell Phone Allowance , ,800 1, % Electricity 3,599 3,570 3,908 3,599 3,599 3, % Water 1,044 1,112 1,028 1,044 1,044 1, % R/M Buildings % R/M Grounds 11,752 9,624 22,657 23,752 23,752 23, % R/M Automotive Equipment % R/M Other Equipment 6, ,028 6,005 6,005 4,838 (1,167) (19.4%) R/M Beach Accesses 9,556 12,961 8,161 9,556 9,556 9, % R/M Grounds/Contrctual 15,309 3, % R/M Storm % R/M Channel Markers % R/M Canel Clearance / Trim % Printing And Forms - - 2, % Miscellaneous % Advertising % Chemicals , , % Cleaning and Sanitation % Uniforms , % Fuel And Oil 1,794 1,412 1,811 1,805 1,805 1, % Misc Operating Supplies % Small Tools And Minor Equipment 1,339 2,440 1,520 2,000 2,000 4,000 2, % R/M Signs % OPERATING EXPENSES 56,920 52,634 49,441 65,586 65,586 64,686 (900) (1.4%) TOTAL PARKS DEPARTMENT 128, , , , , ,566 (2,694) (1.1%) PLANNING, ZONING Wages / Executive 88,622 91,936 95,760 60,924 60,924 61, % Wages / Regular 167, , , , , ,427 16, % Laundry And Clothing Allowance % Shift Differential ,118 1, % Wages / Temporary 1, ,000 1,000 1, % Wages / Overtime ,872 4, % Fica Taxes 18,744 20,261 21,373 20,626 20,626 22,389 1, % Pension 52,897 56,229 54,757 57,069 57,069 60,330 3, % Town Contrib Salary Savings / 401-K 3,999 4,969 5,050 3,882 3,882 2,841 (1,041) (26.8%) Town Contrib Def Comp / Icma 401-A 30,834 32,887 33,104 32,411 32,411 33,719 1, % Insurance / Medical 44,965 49,499 56,009 42,603 42,603 59,296 16, % Insurance / Disability 1,193 1,776 1,689 1,590 1,590 1, % Insurance / Life 647 1,566 1,552 1,325 1, (376) (28.4%) Workers Compensation , % PERSONNEL SERVICES 410, , , , , ,210 45, % 60

116 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % Prof Services / Other 206, , , , , ,000 (25,000) (19.2%) Prof Services / Town Center 23, % Travel / Conference / Training 2,806 1,794 4,742 8,700 8,700 8,175 (525) (6.0%) Car Allowance ,000 1, % Communications 2,831 3,121 4,714 5,900 5,900 5, % Cell Phone Allowance 1,385 1,500 1,558 1,500 1,500 2,700 1, % Postage And Freight 1, , % Rental / Building % Rental / Equipment 2,275 2, ,500 2,500 2, % R/M Automotive Equipment 434 1, ,000 2,000 2, % R/M Other Equipment - - 1, ,300 2, % Printing And Forms % Duplication Costs % Licenses and Taxes % Miscellaneous 2,168 2,021 1,587 1,800 1,800 1, % Advertising 7,305 5,835 9,896 10,000 10,000 10, % Office Supplies 1,221 1,659 1,622 1,300 1,300 1, % Uniforms % Fuel And Oil % Misc Operating Supplies % Small Tools And Minor Equipment ,211 1,000 1,000 1, % Bks/Publications/Subscrip/Memb Dues 2,897 3,267 2,640 3,066 3,066 2,962 (104) (3.4%) Training ,400 3, % OPERATING EXPENSES 257, , , , , ,027 (17,379) (10.1%) TOTAL PLANNING, ZONING 668, , , , , ,237 27, % RECREATION Pension 1,628 1,731 1,686 1,755 1,755 1, % PERSONNEL SERVICES 1,628 1,731 1,686 1,755 1,755 1, % Travel / Conference ,500 1, % Communications % Postage And Freight % Electricity 4,030 3,530 3,960 7,500 7,500 7, % Water 1, ,480 5,000 5,000 5, % R/M Buildings 8,625 5,976 10,645 13,825 13,825 13, % R/M Grounds 4, ,681 10,000 10,000 8,500 (1,500) (15.0%) R/M Other Equipment ,500 1,500 1, % R/M Grounds/Contractual % Miscellaneous % Office Supplies % Cleaning And Sanitation Supplies % Misc Operating Supplies % Small Tools And Minor Equipment 2, ,054 3,000 3,000 3, % Bks/Publications/Subscrip/Memb Dues % OPERATING EXPENSES 22,425 13,180 25,051 43,236 43,236 43, % TOTAL RECREATION CENTER 24,053 14,911 26,737 44,991 44,991 45, % 61

117 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % STREETS Wages / Regular 259, , , , , ,949 20, % Laundry And Clothing Allowance 1,759 1,649 1,712 1,650 1,650 1, % Wages / Overtime 2,450 4,153 2,111 4,000 4,000 2,402 (1,598) (40.0%) Fica Taxes 19,536 19,604 19,265 21,013 21,013 22,495 1, % Pension 64,341 68,394 69,381 72,308 72,308 72, % Town Contrib Salary Savings / 401-K 2,541 4,048 4,454 5,148 5,148 5, % Town Contrib Def Comp / Icma 401-A 23,519 23,152 23,263 23,756 23,756 23,278 (478) (2.0%) Insurance / Medical 59,415 54,071 56,780 58,249 58,249 82,092 23, % Insurance / Disability 1,142 1,534 1,433 1,610 1,610 1,578 (32) (2.0%) Insurance / Life 737 1,350 1,315 1,223 1, (339) (27.7%) Workers Compensation 7,924 8,337 9,851 11,132 11,132 11, % PERSONNEL SERVICES 442, , , , , ,064 44, % Prof Services / Other % Travel / Conference / Training 3,924 4,021 2,212 9,000 9,000 4,500 (4,500) (50.0%) Communications % Cell Phone Allowance 2,285 2,112 2,781 2,100 2,100 3,900 1, % Postage And Freight % Electricity 43,865 45,259 48,957 43,865 43,865 43, % Water % Rental / Equipment (300) (37.5%) R/M Building % R/M Grounds 488 1,882 1,342 2,088 2,088 2, % R/M Automotive Equipment 11,058 7,088 10,680 8,000 8,000 8, % R/M Other Equipment 11,253 10,606 11,198 11,000 11,000 11, % R/M Beach Accesses % R/M Right Of Way 42,707 39,912 44,995 42,000 42,000 45,000 3, % R/M Storm 284 4,614 1,631 2,000 2,000 2, % R/M Street Lights ,000 3,000 2,000 (1,000) (33.3%) R/M Traffic Signals 2,235 6,936 1,575 4,200 4,200 3,000 (1,200) (28.6%) Licenses And Taxes % Miscellaneous % Advertising % Office Supplies % Chemicals 222 3,102 1, , % Uniforms 2,866 3,774 2,752 2,866 2,866 3, % Fuel And Oil 15,741 11,502 15,189 18,528 18,528 18, % Misc Operating Supplies % Small Tools And Minor Equipment 1,507 5,571 4,444 4,000 4,000 5,000 1, % R/M Streets 2,900 3,088 8,006 3,900 3,900 3, % R/M Drainage And Culverts 16,602 14,375 10,111 16,500 16,500 16, % R/M Signs 7,009 4,953 1,679 7,000 7,000 5,588 (1,412) (20.2%) Bks/Publications/Subscrip/Memb/Dues % OPERATING EXPENSES 168, , , , , ,999 (1,500) (0.8%) TOTAL STREETS DEPARTMENT 611, , , , , ,063 43, % 62

118 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % GENERAL SERVICES Wages / Regular - 13,888 11,078 18,002 18,002 - (18,002) (100.0%) Wages / Overtime % Fica Taxes - 1, ,377 1,377 - (1,377) (100.0%) Pension % Insurance / Medical - (31) 1,670 3,714 3,714 - (3,714) (100.0%) Insurance / Disability - (3,387) % Wellness 946 1,047 3, % Insurance / Life - (1,732) % Workers Compensation (38) (100.0%) Unemployment ,000 5,000 5, % Contingencies % PERSONNEL SERVICES 1,792 11,026 17,192 28,131 28,131 5,000 (23,131) (82.2%) Subscriptions And Memberships 7,500 7,535 8,790 10,115 10,115 9,720 (395) (3.9%) Prof Services / Other 25,147 47,976 21,243 89,000 79,950 86,500 (2,500) (2.8%) Prof Services / Investment Expense ,457 1,900 1,900 3,802 1, % Accounting And Auditing 17,700 21,950 26,750 29,700 29,700 29,550 (150) (0.5%) Travel / Conference - 3,469 (27) % Rental / Equipment 4,468 3,711 3,430 2,400 2,400 3,950 1, % R/M Other Equipment ,200 1, % Miscellaneous 4,124 3,772 3,924-4,000 4,000 4, % Office Supplies 1,801 1, ,100 1,100 1, % Prof Svcs/Gmd Undergrounding Ref#1 185, % Prof Svcs/Undergrounding Ref#2-223, % Communications % Television Media 19,722 24,313 16,976 24,000 24,000 20,000 (4,000) (16.7%) Insurance 207, , , , , ,464 (9,536) (4.5%) Printing and Forms % Duplication Costs 16,375 8,259 3,193 9,000 9,000 9, % Credit Card Fees 4,153 4,818 1,666-5,000 1,500 1, % Costs / Vending % Minor Equipment % Tuition Reimbursement ,000 10,000 10, % OPERATING EXPENSES 495, , , , , ,461 (6,354) (1.6%) Sarasota Bay Estuary Program 15,000 15,000 15,000 15,000 15,000 15, % Economic Development Council 7,988 7,954 7,967 9,000 9,000 8,100 (900) (10.0%) GRANTS AND AIDS 22,988 22,954 22,967 24,000 24,000 23,100 (900) (3.8%) TOTAL GENERAL SERVICES 519, , , , , ,561 (30,385) (6.8%) Contingencies - 9, , , , % Prof Services / Red Tide Clean Up - 32,745 5,560 50,000 50, ,000 50, % TOTAL CONTINGENCIES - 42,484 5, , , ,000 50, % GENERAL FUND GRAND TOTAL PERSONNEL/OPERATING 15,392,210 14,415,074 14,550,525 16,138,464 16,345,757 16,345,940 (303,000) (1.9%) 63

119 Account Number Description Actual Amount Year 2015 Actual Amount Year 2016 Actual Amount Year 2017 Adopted Budget 2018 Amended Budget 2018 Recommend Budget 2019 Budget Variance $ Budget Variance % CAPITAL OUTLAY IT - Other Equipment - 31, , % IT - Computer Software , % Police Other Equipment 15, ,535 61, % Police Water Craft - 91,544 43, % Fire Impr to Bldgs - 4,250 10, % Fire - Other Equipment - 143, ,547-5, % Fire - Fire Engine/Ambulance 69,805-43, % Fire - Software - 59,681 30, % Financial Software 14,536 83, , % Office Furniture-Town Hall , % TOTAL CAPITAL OUTLAY 100, , ,614-37, % TRANSFERS OUT If Transfer / Capital Non Recurring Fund , , ,500 (69,750) (37.2%) If Transfer / Austr Pine Fund , % TOTAL TRANSFERS , , ,500 (69,750) (37.2%) GRAND TOTAL FUND EXPENDITURES 15,492,388 14,941,079 15,069,139 16,325,714 16,630,607 16,463,440 (303,000) (1.9%) TOTAL FUND REVENUES 14,337,522 14,337,522 15,107, ,150 TRANSFERS IN 1,988,192 1,988,192 1,391,887 (596,305) GRAND TOTAL FUND REVENUES 16,325,714 16,325,714 16,499, ,845 Addition or Subtraction to Fund Balance - (304,893) 36, ,980,877 8,016,996 # of days ,783 COST PER DAY 64

120 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund 101 -ROAD AND BRIGE FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 7,704 18,000 18,000 19,547-19, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 7,704 18,000 18,000 19,547-19,547 OTHER TAXES LOC OPT GAS TAX / SARASOTA 67,991 65,000 65,000 74,000-74, LOC OPT GAS TAX / MANATEE 51,164 48,000 48,000 38,000-38, CENT GAS TAX / SARASOTA 33,995 40,000 40,000 38,000-38, CENT GAS TAX / MANATEE 24,818 23,000 23,000 23,000-23, LOC OPT GAS TAX / SARASOTA 5 CENT 91,173 81,000 81,000 82,000-82, LOC OPT GAS TAX / MANATEE 5 CENT 55,999 49,000 49,000 47,000-47,000 OTHER TAXES 325, , , , ,000 INTERGOVERNMENTAL REVENUE TH CENT GAS TAX- MUNIC REV SHARE 46,052 45,000 45,000 45,000-45, TH CENT GAS TAX / SARASOTA 24,889 19,000 19,000 20,000-20, TH CENT GAS TAX / MANATEE 14,449 13,000 13,000 13,000-13, REBATE ON MUNICIPAL VEHICLES 6,582 5,000 5,000 5,600-5,600 INTERGOVERNMENTAL REVENUE 91,972 82,000 82,000 83,600-83,600 OTHER FINANCING SOURCES IF TRANSFER / BEACH CAP PROJ - 37,500 72, IF TRANSFER / UTILITY FUND - 37,500 37,500 7,500-7,500 OTHER FINANCING SOURCES - 75, ,600 7,500-7,500 CHARGES FOR SERVICES MAINTENANCE GMD RIGHT OF WAY 9,538 10,725 10,725 10,725-10, MAINTENANCE TRAFFIC SIGNALS 57,272 47,000 47,000 57,300-57,300 CHARGES FOR SERVICES 66,810 57,725 57,725 68,025-68,025 TOTAL ESTIMATED REVENUES 491, , , , ,672 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE 651 3,000 3, STORMWATER MONITOR/REGULATION 6,854 6,900 6,900 7,900-7,900 OPERATING 7,505 9,900 9,900 8,516-8,516 65

121 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED CAPITAL OUTLAY AUTOMOTIVE EQUIPMENT 25, TRUCKS TRUCKS ,000-35, FELOADR FRONT END LOADER - 150, , BUCKET BUCKET TRUCK , , GRAPPLE GRAPPLE TRUCK , OTHER EQUIPMENT 23, CHIPPER CHIPPER ,000-55, WATER CRAFT CAPITAL OUTLAY 48, , , , ,000 OTHER FINANCING USES IF TRANSFER / GENERAL FUND 600, , , , , IF TRANSFER / STREET CAPITAL PROJ 450, , , , ,000 OTHER FINANCING USES 1,050, , , , ,000 TOTAL APPROPRIATIONS 1,105,914 1,109,900 1,248, , ,516 NET OF REVENUES/APPROPRIATIONS - FUND 101 (614,288) (571,175) (674,975) (367,844) - (367,844) BEGINNING FUND BALANCE 1,799,881 1,185,593 1,185, ,778 ENDING FUND BALANCE 1,185, , , ,934 66

122 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund SARASOTA INFRASTRUCTURE SURTAX 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 5,749 5,700 5,700 12,164-12, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 5,749 5,700 5,700 12,164-12,164 OTHER TAXES INFRASTRUCTURE SURTAX / SARASOTA 653, , , , ,000 OTHER TAXES 653, , , , ,000 TOTAL ESTIMATED REVENUES 658, , , , ,164 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY FACROOF BUILDINGS - ROOF REPLACEMENT - 150, ,495-64,509 64, HVAC-PF BUILDINGS-HVAC -PUBLIC FACILITIES 64,196 80,000 17,309 25, , FLOORPF BUILDINGS-FLOORING TH-CHRS CHAIRS - 16,400 16,400 18,000 16,400 34, CHBRAUD COMMISSION CHAMBER AUDIO EQUIPMENT - 34,000 34,000-34,000 34, FLOORPD FLOORING AT POLICE DEPT ,000-20, FD-RAMP FIRE STATION SO FRONT RAMP PDSTRUC POLICE DEPT STRUCTURAL STRENGTHENING PD-ROOF ROOF REPLACEMENT-POLICE DEPT - 35, PDRADIO RADIO ENHANCEMENTS FD-AMBL AMBULANCE 21, ,376-4,826 4, PD-CARS POLICE PATROL CARS 99, , PDRENOV POLICE DEPT SPACE RENOVATION - 50,000 50,000-50,000 50, FD-EQUP FIRE EQUIPMENT FD-FTNS FITNESS EQUIPMENT AT FIRE DEPT - 35,000 35,000-8,573 8, PDRADIO POLICE RADIOS 22,053 30,000 7,947-3,291 3, RCTR-RF REC REATION CENTER ROOF ,000-25, RCTR-FL RECREATION CENTER - FLOORING ,000-10, IRRIGAT IRRIGATION WELLS - TENNIS - 17,000 17,000-17,000 17, TE-UNDG UNDERGROUND TENNIS COURT WATERING , , TENNIS COURT RESURFACING-CLAY 29,734 17,000 15, FENCING AT TENNIS CENTER 7,266 4,000 5,471 5, ,571 CAPITAL OUTLAY 244, , , , , ,860 67

123 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) OTHER FINANCING USES IF TRANSFER / CANAL DREDGING - 700, , IF TRANSFER / PARKS/REC CAP PROJ 300, OTHER FINANCING USES 300, , , TOTAL APPROPRIATIONS 545,245 1,484,100 1,341, , , ,367 NET OF REVENUES/APPROPRIATIONS - FUND ,550 (828,400) (685,527) 463,657 (199,860) 263,797 BEGINNING FUND BALANCE 853, , , ,089 ENDING FUND BALANCE 966, , , ,886 68

124 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED RECOMMENDED - TOWN OF LONGBOAT KEY Fund TOURIST DEVELOPMENT TAX 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 183 5,600 5,600 10,320-10, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 183 5,600 5,600 10,320-10,320 OTHER TAXES TOURIST DEVELOPMENT TAX / SARASOTA 412, , , , , TOURIST DEVELOPMENT TAX / MANATEE 265, , , , , TOURIST DEV TAX - MAINT - SARASOTA 82,424 75,000 75,000 86,000-86,000 OTHER TAXES 760, , , , ,000 TOTAL ESTIMATED REVENUES 760, , , , ,320 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING OTHER FINANCING USES IF TRANSFER / BEACH CAPITAL PROJ 500, , , , , IF TRANSFER / BEACH FUND (MAINT) 82,424 75,000 75,000 86,000-86,000 OTHER FINANCING USES 582, , , , ,000 TOTAL APPROPRIATIONS 582, , , , ,260 NET OF REVENUES/APPROPRIATIONS - FUND , , , , ,060 BEGINNING FUND BALANCE 567, , , ,919 ENDING FUND BALANCE 744, , ,919 1,071,979 69

125 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund TREE REPLACEMENT FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS MISCELLANEOUS REVENUE MISC REV / TREE REPLACEMENT (98.06) 2, ,200-1,200 MISCELLANEOUS REVENUE 2, ,200-1,200 TOTAL ESTIMATED REVENUES 3, ,933-1,933 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE R/M GROUNDS / TREE REPLACEMENT - 5,000 5,000 5,000-5,000 OPERATING 19 5,053 5,053 5,026-5,026 TOTAL APPROPRIATIONS 19 5,053 5,053 5,026-5,026 NET OF REVENUES/APPROPRIATIONS - FUND 108 2,987 (4,653) (4,653) (3,093) - (3,093) BEGINNING FUND BALANCE 44,000 46,987 46,987 42,334 ENDING FUND BALANCE 46,987 42,334 42,334 39,241 70

126 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED RECOMMENDED - TOWN OF LONGBOAT KEY Fund POLICE EDUCATION & TRAINING 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS FINES AND FOREFEITURES FINES / POLICE EDUCATION / SARASOTA FINES / POLICE EDUCATION / MANATEE FINES AND FOREFEITURES TOTAL ESTIMATED REVENUES APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE TRAVEL / CONFERENCE 6,875 15,000 15,000 10,000-10,000 OPERATING 6,898 15,040 15,040 10,023-10,023 TOTAL APPROPRIATIONS 6,898 15,040 15,040 10,023-10,023 NET OF REVENUES/APPROPRIATIONS - FUND 110 (6,268) (14,300) (14,300) (9,024) - (9,024) BEGINNING FUND BALANCE 46,275 40,007 40,007 25,707 ENDING FUND BALANCE 40,007 25,707 25,707 16,683 71

127 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund LAW ENFORCEMENT FUND (LETF) 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 874 1,800 1,800 2,617-2, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 874 1,800 1,800 2,617-2,617 TOTAL ESTIMATED REVENUES 874 1,800 1,800 2,617-2,617 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY PDRENOV CONFERENCE ROOM RECONFIGURATION - 35,000 35,000-32,384 32, OTHER EQUIPMENT ,000-20,000 CAPITAL OUTLAY - 35,000 35,000 20,000 32,384 52,384 TOTAL APPROPRIATIONS 64 35,220 35,220 20,095 32,384 52,479 NET OF REVENUES/APPROPRIATIONS - FUND (33,420) (33,420) (17,478) (32,384) (49,862) BEGINNING FUND BALANCE 183, , , ,781 ENDING FUND BALANCE 183, , , ,919 72

128 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund TENNIS CENTER 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES MISCELLANEOUS REVENUE MISC REV / VENDING 4,459 4,500 4,500 5,000-5,000 MISCELLANEOUS REVENUE 4,459 4,500 4,500 5,000-5,000 CHARGES FOR SERVICES TENNIS MEMBERSHIP-FAMILY 54,651 62,200 62,200 57,000-57, TENNIS MEMBERSHIP - SINGLE 118, , , , , SCRIPT CARD (NINE SESSIONS) 25,998 36,000 36,000 27,000-27, WALK-ON PLAY (SINGLE SESSION) 24,819 26,000 26,000 21,000-21, TENNIS LESSONS 181, , , , , SPECIAL EVENTS 13,992 15,000 15,000 23,500-23, MISC REV / MERCHANDISE SALES 153, , , , , RENTAL OF COURTS 2,232 2,200 2,200 1,533-1, MISC REV / TENNIS CHARGES FOR SERVICES 575, , , , ,066 TOTAL ESTIMATED REVENUES 580, , , , ,066 APPROPRIATIONS WAGES WAGES / REGULAR 169, , , , , WAGES / HOLIDAY 4,140 4,140 4,140 4,262-4, WAGES / LESSONS 129, , , , , WAGES / OVERTIME WAGES 303, , , , ,337 BENEFITS FICA TAXES 22,852 24,272 24,272 25,118-25, PENSION 26,809 27,938 27,938 29,535-29, TOWN CONTRIBUTION / 401-K 5,369 5,855 5,855 6,052-6, TOWN CONTRIB DEF COMP / ICMA 401-A 16,221 16,704 16,704 17,271-17, INSURANCE / MEDICAL 24,533 25,562 25,562 26,571-26, INSURANCE / DISABILITY INSURANCE / LIFE WORKERS COMPENSATION 6,110 7,054 7,054 6,634-6,634 BENEFITS 102, , , , ,099 73

129 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED OPERATING TRAVEL / CONFERENCE COMMUNICATIONS 1,796 1,900 1,900 2,580-2, POSTAGE AND FREIGHT ELECTRICITY 2,787 2,800 2,800 2,800-2, WATER 11,412 10,000 10,000 12,000-12, NATURAL GAS INSURANCE 2,551 3,000 3,000 3,000-3, R/M BUILDINGS 10,213 10,000 10,000 9,500-9, R/M GROUNDS 10,305 10,000 10,000 10,000-10, R/M OTHER EQUIPMENT 2,158 1,000 1,000 1,700-1, PRINTING AND FORMS 1,308 1,000 1,000 1,300-1, COSTS / PROMOTIONAL 1,133 1,300 1,300 1,000-1, LICENSES AND TAXES MISCELLANEOUS COSTS / VENDING 1,971 3,000 3,000 3,000-3, COSTS / MERCHANDISE 101,935 87,000 87,000 99,000-99, COSTS / SPECIAL EVENTS 5,042 5,000 5,000 5,000-5, COSTS / CONTRACTOR LESSONS 1,453 1,300 1,300 1,300-1, CREDIT CARD FEES 17,096 17,000 17,000 17,000-17, OFFICE SUPPLIES CLEANING AND SANITATION SUPPLIES MISC OPERATING SUPPLIES MINOR EQUIPMENT 1,210 1,860 1, SUBSCRIPTIONS AND MEMBERSHIPS OPERATING 175, , , , ,084 TOTAL APPROPRIATIONS 581, , , , ,520 NET OF REVENUES/APPROPRIATIONS - FUND 112 (911) 4,078 4,078 10,546-10,546 BEGINNING FUND BALANCE 66,843 65,933 65,933 70,011 ENDING FUND BALANCE 65,932 70,011 70,011 80,557 74

130 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund MISC GRANT FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS GRANT REVENUE PRIOR YEAR SURPLUS PWLANDS CONTRIBUTION / GEN HARRIS BEAUTIFICATIO - - 4, TURTLEW CONTRIBUTION / TURTLE WATCH 5, ROTARYF CONTRIBUTION / PRIVATE ORGANIZATION PD-FLAN PRIVATE CONTRIBUTION/FLANZER , KEYCL CONTRIBUTION / KEY CLUB - - 7, OTHR GRANTS / WCIND-POLICE PATROL - 76,000 76,000 75,208-75, PDWCI OTHR GRANTS / WCIND-POLICE PATROL ,080-82, ROTARYF CONTRIBUTION / PRIVATE ORGANIZATION KEYCL CONTRIBUTION / KEY CLUB - - 7, OTHR GRANTS / WCIND - FIRE EQUIP - 9,250 9,250 9,129-9, FDWCI OTHR GRANTS / WCIND - FIRE EQUIP ,500-16, CONTRIBUTION/HOLLAND FOUNDATION - - 1, GRANT REVENUE 5,000 85, , , ,917 TOTAL ESTIMATED REVENUES 5,002 85, , , ,917 APPROPRIATIONS OPERATING / CAPITAL KEYCL DONATION-KEY CLUB - - 7, TURTLEW MINOR EQUIPMENT - - 1,297-1,297 1, MINOR EQUIPMENT - WCIND FUNDED PDWCI MINOR EQUIPMENT - WCIND FUNDED - 76,000 76,000-41,989 41, PDWCI MINOR EQUIPMENT - POLICE WCIND ,080-82, ROTARYP MISCELLANEOUS-POLICE PD-FLAN OTHER EQUIPMENT ,217-76,335 76, TURTLEW OTHER EQUIPMENT 3, ROTARYF MISCELLANEOUS-FIRE MINOR EQUIPMENT - WCIND FUNDED - - 7, FDWCI MINOR EQUIPMENT - WCIND FUNDED - 9,250 1,590 8, , FDWCI MINOR EQUIPMENT -FIRE WCIND ,500-16, KEYCL DONATION - KEY CLUB - - 7,500-6,405 6, PWLANDS GROUNDS-BEAUTIFICATION - - 4,500-4,500 4, MINOR EQUIPMENT-HOLLAND GRANT - - 1,000-1,000 1,000 OPERATING / CAPITAL 3,703 85, , , , ,460 75

131 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) TOTAL APPROPRIATIONS 3,703 85, , , , ,460 NET OF REVENUES/APPROPRIATIONS - FUND 113 1,299 - (1,297) 76,144 (133,687) (57,543) BEGINNING FUND BALANCE - 1,299 1,299 57,545 ENDING FUND BALANCE 1,299 1,

132 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund MANATEE INFRASTRUCTURE SURTAX 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS ,768-1,768 INVESTMENT EARNINGS ,768-1,768 OTHER TAXES INFRASTRUCTURE SURTAX / MANATEE 110, , , , ,000 OTHER TAXES 110, , , , ,000 TOTAL ESTIMATED REVENUES 110, , , , ,768 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY PD-CARS POLICE PATROL CARS - 195, ,000 25,000 36,957 61, FD-CADS MOBILE CADS - FIRE - 6,500 6,500-6,500 6, FD-HOSE FIRE HOSE ,000-13, FD-LIFT POWER LIFT FOR STRETCHERS ,000-23, FDMOBEX MOBEX DEVICES - 10,000 10, FDRADIO FIRE DEPT RADIOS - 55,000 55, FD-VIDE VIDEO AIRWAY ,000-6, MEDDISP MEDICATION DISPENSER ,000-15, PDRADIO POLICE RADIOS - 7,500 7,500-7,500 7, PWDRAIN STORM DRAIN IMPROVEMENT-MANATEE CO ,000-50,000 CAPITAL OUTLAY - 274, , ,000 51, ,829 TOTAL APPROPRIATIONS - 274, , ,053 51, ,882 NET OF REVENUES/APPROPRIATIONS - FUND ,801 (98,250) (98,250) 52,715 (51,829) 886 BEGINNING FUND BALANCE - 110, ,801 64,380 ENDING FUND BALANCE 110,801 12,551 12,551 65,266 77

133 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund AUSTRALIAN PINE REMOVAL GRANT FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS NET INC (DEC) FAIR VALUE OF INVEST INVESTMENT EARNINGS OTHER FINANCING SOURCES IF TRANSFER / GENERAL FUND , OTHER FINANCING SOURCES , TOTAL ESTIMATED REVENUES , APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE AUSTRALIAN PINE TREE REMOVAL GRANT ,500-50,378 50,378 OPERATING , ,378 50,393 TOTAL APPROPRIATIONS , ,378 50,393 NET OF REVENUES/APPROPRIATIONS - FUND (50,378) (49,507) BEGINNING FUND BALANCE ,378 ENDING FUND BALANCE

134 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund GMD UNDERGROUNDING ASSESSMENT 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 9,282 15,000 15,000 24,209-24,209 INVESTMENT EARNINGS 9,282 15,000 15,000 24,209-24,209 NON ADVALOREM ASSESSMENTS ASSESSMENTS / SARASOTA COUNTY 914, , , , , ASSESSMENTS / MANATEE COUNTY 562, , , , , PREPAID ASSESSMENTS / SARASOTA CO 126, PREPAID ASSESSMENTS / MANATEE CO 58, PREPAID ASSESSMENT-GAAP ADJUSTMENT (1,523,542) - 1,523, INTEREST ON ASSESSMENTS-SARASOTA CO INTEREST ON ASSESSMENTS-MANATEE CO NON ADVALOREM ASSESSMENTS 139,339 1,450,634 2,974,176 1,495,539-1,495,539 TOTAL ESTIMATED REVENUES 148,621 1,465,634 2,989,176 1,519,748-1,519,748 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE 375 2,000 2, PROFESSIONAL SVC-COUNTY/MGMT FEE 47,819 62,500 62,500 72,800-72,800 OPERATING 48,194 64,500 64,500 73,621-73,621 OTHER FINANCING USES IF TRANSFER / GMD UNDERGROUND DEBT ,400,000-1,400, IF TRANSFER / GMD UNDERGROUND CAP - 2,900,000 2,900, OTHER FINANCING USES - 2,900,000 2,900,000 1,400,000-1,400,000 TOTAL APPROPRIATIONS 48,194 2,964,500 2,964,500 1,473,621-1,473,621 NET OF REVENUES/APPROPRIATIONS - FUND ,427 (1,498,866) 24,676 46,127-46,127 BEGINNING FUND BALANCE - 100, , ,103 ENDING FUND BALANCE 100,427 (1,398,439) 125, ,230 79

135 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED RECOMMENDED - TOWN OF LONGBOAT KEY Fund NEIGHBORHOOD UNDERGROUNDING ASSESSMENT 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS ,000-15,000 INVESTMENT EARNINGS ,000-15,000 NON ADVALOREM ASSESSMENTS ASSESSMENTS / SARASOTA COUNTY , , ASSESSMENTS / MANATEE COUNTY , , PREPAID ASSESSMENTS / SARASOTA CO ,000-30, PREPAID ASSESSMENTS / MANATEE CO ,000-30, INTEREST ON ASSESSMENTS-SARASOTA CO NON ADVALOREM ASSESSMENTS ,310,920-1,310,920 TOTAL ESTIMATED REVENUES ,325,920-1,325,920 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE ,100-3, PROF SERVICE / OTHER ,800-72,800 OPERATING ,900-75,900 OTHER FINANCING USES IF TRANSFER / NEIGH UNDERGR DEBT FUND ,200,000-1,200, IF TRANSFER / NEIGH UNDERGR CAPITAL FUN OTHER FINANCING USES ,200,000-1,200,000 TOTAL APPROPRIATIONS ,275,900-1,275,900 NET OF REVENUES/APPROPRIATIONS - FUND ,020-50,020 BEGINNING FUND BALANCE ENDING FUND BALANCE ,020 80

136 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund GOB - FIRE STATIONS 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES OTHER FINANCING SOURCES OTHER FINANCING SOURCES , OTHER FINANCING SOURCES , TOTAL ESTIMATED REVENUES , APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING DEBT SERVICE PRINCIPAL REDEMPTION INTEREST ON LTD , ,681 DEBT SERVICE , ,681 OTHER FINANCING USES IF TRANSFER / FIRE STATIONS CAP PROJECTS OTHER FINANCING USES TOTAL APPROPRIATIONS , ,681 NET OF REVENUES/APPROPRIATIONS - FUND ,681 (188,681) - (188,681) BEGINNING FUND BALANCE , ,681 ENDING FUND BALANCE ,681-81

137 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund GOB - BEACH 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 16, ,000-16, INTEREST/SARA TAX COLLECTOR-DIST A INTEREST/SARA TAX COLLECTOR-DIST B GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 16, ,150-16,150 PROPERTY TAXES TAXES / SARASOTA DIST A 2015 BONDS 1,753,306 1,717,146 1,717,146 1,701,123-1,701, TAXES / MANATEE DIST A 2015 BONDS 659, , , , , TAXES / SARASOTA DIST B 2015 BONDS 288, , , , , TAXES / MANATEE DIST B 2015 BONDS 128, , , , ,045 PROPERTY TAXES 2,830,057 2,799,999 2,799,999 2,800,000-2,800,000 TOTAL ESTIMATED REVENUES 2,846,453 2,800,939 2,800,939 2,816,150-2,816,150 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE MISCELLANEOUS OPERATING 1, ,050-1,050 DEBT SERVICE REDEMPTION LTD/ PRINC BONDS 2,612,893 2,654,867 2,654,867 2,702,388-2,702, REDEMPTION LTD/INTEREST 2016 BONDS 187, , ,134 97,611-97,611 DEBT SERVICE 2,800,000 2,800,001 2,800,001 2,799,999-2,799,999 OTHER FINANCING USES IF TRANSFER / BEACH CAPITAL PROJ 2,911, OTHER FINANCING USES 2,911, TOTAL APPROPRIATIONS 5,712,380 2,800,116 2,800,116 2,801,049-2,801,049 NET OF REVENUES/APPROPRIATIONS - FUND 202 (2,865,927) ,101-15,101 BEGINNING FUND BALANCE 3,035, , , ,423 ENDING FUND BALANCE 169, , , ,524 82

138 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund GOB - FACILITY 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 1, ,994-3, INTEREST / SARASOTA TAX COLLECTOR INTEREST / MANATEE TAX COLLECTOR 1, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 2, ,994-3,994 PROPERTY TAXES TAXES / SARASOTA CO - FACILITIES DEBT 206, , , , , TAXES / MANATEE CO - FACILITIES DEBT 82,359 83,926 83,926 82,307-82,307 PROPERTY TAXES 289, , , , ,000 TOTAL ESTIMATED REVENUES 292, , , , ,994 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING DEBT SERVICE REDEMPTION OF LTD / PRINCIPAL 265, , , , , REDEMPTION OF LTD / INTEREST 20,778 14,973 14,973 9,060-9,060 DEBT SERVICE 285, , , , ,060 OTHER FINANCING USES IF TRANSFER / FACILITIES CAP PROJECTS OTHER FINANCING USES TOTAL APPROPRIATIONS 286, , , , ,209 NET OF REVENUES/APPROPRIATIONS - FUND 203 5, (5,215) - (5,215) BEGINNING FUND BALANCE 287, , , ,141 ENDING FUND BALANCE 292, , , ,926 83

139 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund GOB - GMD - UNDERGROUNDING DEBT 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS OTHER FINANCING SOURCES IF TRANSFER-GMD ASSESSMENT FUND ,400,000-1,400,000 OTHER FINANCING SOURCES ,400,000-1,400,000 TOTAL ESTIMATED REVENUES ,400,000-1,400,000 APPROPRIATIONS DEBT SERVICE REDEMPTION OF LTD / PRINCIPAL REDEMPTION OF LTD / INTEREST DEBT SERVICE OTHER FINANCING USES IF TRANSFER / GENERAL FUND OTHER FINANCING USES TOTAL APPROPRIATIONS NET OF REVENUES/APPROPRIATIONS - FUND ,400,000-1,400,000 BEGINNING FUND BALANCE ENDING FUND BALANCE ,400,000 84

140 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED RECOMMENDED - TOWN OF LONGBOAT KEY Fund NEIGHBORHOOD UNDERGROUNDING REVENUE BONDS 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS OTHER FINANCING SOURCES IF TRANSFER-NEIGHBORHOOD ASSESSMENT ,200,000-1,200,000 OTHER FINANCING SOURCES ,200,000-1,200,000 TOTAL ESTIMATED REVENUES ,200,000-1,200,000 APPROPRIATIONS DEBT SERVICE PRINCIPAL REV. BOND INTEREST ON LTD AGENTS FEE DEBT SERVICE TOTAL APPROPRIATIONS NET OF REVENUES/APPROPRIATIONS - FUND ,200,000-1,200,000 BEGINNING FUND BALANCE ENDING FUND BALANCE ,200,000 85

141 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) RECOMMENDED - TOWN OF LONGBOAT KEY Fund FACILITIES-FIRE STATIONS ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS ,000-63,000 INVESTMENT EARNINGS ,000-63,000 OTHER FINANCING SOURCES G.O. FACILITY BOND PROCEEDS - - 5,655, BOND PREMIUM , OTHER FINANCING SOURCES - - 5,892, TOTAL ESTIMATED REVENUES - - 5,892,592 63,000-63,000 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE ,000-5,000 OPERATING ,000-5,000 CAPITAL OUTLAY BUILDING-NORTH FIRE STATION - - 1,012,000-1,012,000 1,012, BUILDING-SOUTH FIRE STATION - - 4,504,356-4,504,356 4,504, BOND CLOSING COSTS , CAPITAL OUTLAY - - 5,703,911-5,516,356 5,516,356 OTHER FINANCING USES IF TRANSFER / FIRE STATIONS BOND , OTHER FINANCING USES , TOTAL APPROPRIATIONS - - 5,892,592 5,000 5,516,356 5,521,356 NET OF REVENUES/APPROPRIATIONS - FUND ,000 (5,516,356) (5,458,356) BEGINNING FUND BALANCE ,516,356 ENDING FUND BALANCE ,000 86

142 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) RECOMMENDED - TOWN OF LONGBOAT KEY Fund STREETS ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 3,794 5,700 5,700 9,518-9, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 3,794 5,700 5,700 9,518-9,518 OTHER FINANCING SOURCES IF TRANSFER / ROAD AND BRIDGE 450, , , , ,000 OTHER FINANCING SOURCES 450, , , , ,000 GRANTS ATLAS ST IMPROVEMENTS P&Z GRANTS TOTAL ESTIMATED REVENUES 453, , , , ,518 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY IT-GISP GIS SYSTEM - 14,750 14,750-14,750 14, STREETS, VILL. DRAINAGE / SIDEWALK 3, , , , , DRAINAGE IMPROVEMENTS - 60,320 60,320 10,000 60,320 70, GMD CORRIDOR PLAN 28, , , STREET PROJECT 32, , , , ,672 1,023, SIDEWALK/WESTSIDE OF GMD CONGESTION MANAGEMENT SYSTEM , , STORMWATER EVAL/REPAIR 23,060 70,000 46, ,000 46, , GMD CENTER TURN LANES 46,280 77,444 77,444-73,082 73, TRAFFIC SIGNAL REPAIR - 6,385 6,385 10,000 3,878 13, STREET LIGHTING CAPITAL OUTLAY 133,668 1,378,344 1,319, ,000 1,038,082 1,708,082 TOTAL APPROPRIATIONS 133,886 1,379,094 1,320, ,374 1,038,082 1,708,456 NET OF REVENUES/APPROPRIATIONS - FUND ,908 (723,394) (664,891) (160,856) (1,038,082) (1,198,938) BEGINNING FUND BALANCE 421, , ,908 1,337,259 ENDING FUND BALANCE 740,908 17,514 76, ,321 87

143 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund LAND ACQUISITION 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 2,136 5,000 5,000 11,209-11, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 2,136 5,000 5,000 11,209-11,209 CHARGES FOR SERVICES LAND ACQUISITION FEES 142,171 60,000 60, , ,000 CHARGES FOR SERVICES 142,171 60,000 60, , ,000 GRANTS SARASOTA COUNTY CONTRIBUTION , ,000 GRANTS , ,000 TOTAL ESTIMATED REVENUES 144,307 65,000 65, , ,209 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY LAND PURCHASE / 555 BAY ISLES PKWY 2,205,288-3, PW-DEMO AMORE DEMO/SIRE PREP , , , CULTURAL CENTER SITE DEVELOPMENT 33, , , ,000 23, ,596 CAPITAL OUTLAY 2,238, , , , , ,596 TOTAL APPROPRIATIONS 2,238, , , , , ,919 NET OF REVENUES/APPROPRIATIONS - FUND 302 (2,094,653) (414,295) (402,399) 380,886 (273,596) 107,290 BEGINNING FUND BALANCE 2,740, , , ,851 ENDING FUND BALANCE 646, , , ,141 88

144 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund BEACH 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 2,767 55,000 55,000 46,000-46, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 2,767 55,000 55,000 46,000-46,000 OTHER FINANCING SOURCES IF TRANSFER / TOURIST DEV TAX 582, , , , , IF TRANSFER / BEACH BOND 2,911, PROCEEDS FROM 2015 BOND SALE OTHER FINANCING SOURCES 3,493, , , , ,000 GRANT REVENUE ST GRANT / BEACH PROJECT - 1,449,284 1,449, ST GRANT / 14ME2-BEACH NOURISHMENT 857,625 1,197,668 1,197, ST GRANT / N END THRU WCIND GRANT REVENUE 857,625 2,646,952 2,646, TOTAL ESTIMATED REVENUES 4,354,120 3,276,952 3,276, , ,000 APPROPRIATIONS WAGES WAGES/BENEFITS - BEACH MAINT 69,405 55,074 55,074 70,000-70,000 WAGES 69,405 55,074 55,074 70,000-70,000 OPERATING PROF SERVICES / INVESTMENT EXPENSE 1,040 6,600 6,600 2,406-2, PROF SERVICES / OTHER 511 3,000 3,000 3,000-3, IRMA POST STORM SURVEYS ,000-26,225 26, REVISE BEACH DISTRICTS ORDINANCE TRAVEL / CONFERENCE 2,805 3,500 3,500 3,500-3, POSTAGE AND FREIGHT GROUNDS/EQUIP MAINTENANCE - BEACH - 5,000 5,000 5,000-5, MISCELLANEOUS/ADVERTISING SUBSCRIPTIONS AND MEMBERSHIPS 6,500 6,500 6,500 6,850-6,850 OPERATING 11,079 24,600 80,600 20,756 26,225 46,981 89

145 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED CAPITAL OUTLAY OTHER EQUIPMENT 12,000 17,500 17,500-10,110 10, HIGH EROSION AREA SAND REPLACEMENT-LG 218, , POST CONSTRUCTION MONITORING-LGFR 90, , ,236 75, , , BEACH CONSULTING 59, , , , , , ANNUAL BEACH SURVEY-LGFR ,000-75, LONGBOAT PASS / NEW PASS DREDGING 2,813,407 15,810 15,810-15,635 15, PRECONSTRUCTION DESIGN CONSULTING-LG - 350, , , , BEACH MANAGEMENT PLAN UPDATE , , , GROIN MAINTENANCE 52 72,948 72,948 30,000 72, , MONITOR PROT SPECIES POST CONSTR-LGFR 214, , , , , , NORTH END STRUCTURES 16, BOND CLOSING COSTS BEACH TILLING-LGFR 15,000 75,000 19,000 40,000 12,500 52, BEACH OTHER - LEGAL EXPENSE 1, LGL-BEA BEACH OTHER - LEGAL EXPENSE 833 3,000 3,000 3,000-3, SAND SEARCH , , BCH - ARTIFICIAL REEF MONITORING-LGFR 1, , ,240 75, , , BEACH-SOUTH END INTERIM TRUCK HAUL 1,153, NORTH END STRUCTURAL STABILIZATION-LG 113, , ,840-99,835 99, NEW PASS GROIN TIGHTENING / EXTENS-LGF - 1,250,000 1,250, ,000 1,250,000 1,450, ARMY CORP SHORE PROT ASSESSMENT - 1,500,000 1,500,000-1,500,000 1,500, NORTH SHORE AREA INTERIM RENOURISH-LG - 1,000,000 1,109,500-1,109,500 1,109, CANAL DREDGING-1A BENEF USE , , CONTINGENCIES - 200, , , ,000 CAPITAL OUTLAY 4,711,798 6,103,661 5,828,316 2,148,000 5,134,063 7,282,063 OTHER FINANCING USES IF TRANSFER / ROAD AND BRIDGE FUND - 37,500 72, IF TRANSFER / PARKS & REC CAPITAL 350, OTHER FINANCING USES 350,000 37,500 72, TOTAL APPROPRIATIONS 5,142,282 6,220,835 6,036,090 2,238,756 5,160,288 7,399,044 NET OF REVENUES/APPROPRIATIONS - FUND 303 (788,162) (2,943,883) (2,759,138) (1,606,756) (5,160,288) (6,767,044) BEGINNING FUND BALANCE 5,455,488 4,667,326 4,667,326 7,068,476 ENDING FUND BALANCE 4,667,326 1,723,443 1,908, ,432 90

146 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund GMD UNDERGROUNDING 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS GMD-INTEREST ON INVESTMENTS 19, ,000-25, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 19, ,000-25,000 OTHER FINANCING SOURCES IF TRANSFER-GMD ASSESSMENT FUND - 2,900,000 2,900, GMD-REVENUE BOND PROCEEDS - 16,812,002 16,812,002 19,788,881-19,788,881 OTHER FINANCING SOURCES - 19,712,002 19,712,002 19,788,881-19,788,881 NON ADVALOREM ASSESSMENTS UNDERGROUND PREPAID ASSESSMENTS PREPAID ASSESSMENT-GAAP ADJUSTMENT 924,329 4,629,471 4,629,471 3,705,142-3,705,142 NON ADVALOREM ASSESSMENTS 924,329 4,629,471 4,629,471 3,705,142-3,705,142 TOTAL ESTIMATED REVENUES 943,935 24,341,473 24,341,473 23,519,023-23,519,023 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE 1,381 1,500 1, OPERATING 1,381 1,500 1, CAPITAL OUTLAY UC/GMD-PROJECT MGMT/ADMN SUPPORT 402,311 1,253, , GMDBOND BOND ISSUE COSTS , , GMD-CDM CDM SMITH ,254,764 1,254, GMD-CNT ADMIN SUPPORT CONTINGENCY , , GMD-INV INVESTMENT EXPENSE ,610 14, LGL-BON LEGAL - BOND COUNSEL -BMO ,000 25, LGL-GMD LEGAL - PERSSON & COHEN 3, ,476 23, UC/GMD-BOND CLOSING COSTS - 780, , UC/GMD-INVESTMENT EXPENSE - 5,000 5, UC/GMD-INTERFUND INTEREST EXPENSE - 10,000 10, UC/GMD SURVEYING (ALL PHASES) UC/GMD-UTILITY CONVERSION 203,009 12,356,174 12,356,174-13,947,884 13,947, GMD-CNT UTILITY CONV CONTINGENCY ,000,000 1,000, GMD-COM COMCAST , , GMD-FPL PAYMENT TO FPL GMD-FRO FRONTIER , , GMD-LAN LANDSCAPING ,200 94,200 91

147 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED GMD-SUR GMD SURVEYING GMD-STREET LIGHTS - 4,000,000 4,000,000-3,112,000 3,112, GMD-FIBER OPTIC 313, , ,198-1,837,994 1,837, GMD-SUR FIBER SURVEYING GMD CONTINGENCY 1-3,716,667 3,716, GMD CONTINGENCY 2-1,770,000 1,770, CAPITAL OUTLAY 922,948 24,339,973 23,797,038-23,419,928 23,419,928 OTHER FINANCING USES IF TRANSFER / GENERAL FUND OTHER FINANCING USES TOTAL APPROPRIATIONS 924,329 24,341,473 23,798,538-23,419,928 23,419,928 NET OF REVENUES/APPROPRIATIONS - FUND , ,935 23,519,023 (23,419,928) 99,095 BEGINNING FUND BALANCE - 19,606 19,606 - ENDING FUND BALANCE 19,606 19, ,541 99,095 92

148 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) RECOMMENDED - TOWN OF LONGBOAT KEY Fund NEIGHBORHOOD UNDERGROUNDING ESTIMATED REVENUES OTHER FINANCING SOURCES NH-REVENUE BOND PROCEEDS - 23,404,440 23,404,440 19,063,166-19,063,166 OTHER FINANCING SOURCES - 23,404,440 23,404,440 19,063,166-19,063,166 FRANCHISE FEES FRANCHISE FEES / ELECTRICITY - 300, , , ,000 FRANCHISE FEES - 300, , , ,000 TOTAL ESTIMATED REVENUES - 23,704,440 23,704,440 19,363,166-19,363,166 APPROPRIATIONS CAPITAL OUTLAY NEI-ADMIN SYUPPORT UNAPPROP 412,778 1,468,631 1,178, LGL-BON NEI-LEGAL BOND COUNSEL (BMO) ,000 25, LGL-NEI NEI-LEGAL PERSSON & COHEN 3, ,617 23, NEIBOND NEI-BOND ISSUANCE COSTS , , NEI-CDM NEI-CDM SMITH ,247,937 1,247, NEI-CNT NEI ADMIN CONTINGENCY , , NEI-INV NEI-INVESTMENT EXPENSE ,729 15, UC/NH-BOND CLOSING COSTS - 571, , UC/NH-INVESTMENT EXPENSE - 4,320 4, UC/NH-INTERFUND INTEREST EXPENSE 2,031 9,885 7, UC/NH-UTILITY CONVERSION 303,955 10,461,377 10,446,547-11,368,471 11,368, NEI-CNT NEI-UTC CONTINGENCY ,000,000 1,000, NEI-COM NEI-UTC COMCAST , , NEI-FPL NEI-UTC PAYMENT TO FPL NEI-FRO NEI-UTC FRONTIER , , NEI-LAN NEI UTC-LANDSCAPING ,700 98, NEI-STREET LIGHTS - 1,666,667 1,666,667-2,128,000 2,128, NEI-CNT NEI-STREET LIGHTS CONTINGENCY ,000 98, NEI-FIBER OPTIC 30,715 3,756,562 3,755,562-3,725,389 3,725, NH CONTINGENCY 1-3,591,667 3,591, NH CONTINGENCY 2-1,488,397 1,488, CAPITAL OUTLAY 753,093 23,019,109 22,711,576-22,265,843 22,265,843 TOTAL APPROPRIATIONS 753,093 23,019,109 22,711,576-22,265,843 22,265,843 NET OF REVENUES/APPROPRIATIONS - FUND 307 (753,093) 685, ,864 19,363,166 (22,265,843) (2,902,677) BEGINNING FUND BALANCE (385,332) (1,138,425) (1,138,425) 3,502,677 ENDING FUND BALANCE (1,138,425) (453,094) (145,561) 19,363,166 (22,265,843) 600,000 93

149 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund CANAL DREDGING 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 2,365 5,370 5,370 5,162-5, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 2,365 5,370 5,370 5,162-5,162 GRANTS WCIND GRANT - DREDGING , ,588 GRANTS , ,588 OTHER FINANCING SOURCES IF TRANSFER / INFRASTRUCTURE SURTAX - 700, , OTHER FINANCING SOURCES - 700, , TOTAL ESTIMATED REVENUES 2, , , , ,750 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY CANAL MONITORING AND MAINTENANCE - 200, , , , CANAL DREDGING FEASIBILITY STUDY 50, , ,187-34,906 34, FUTURE CANAL DREDGING - 750, , , , ENGINEERING CONSULTANT - CAPITAL - 100, ,000-46,361 46,361 CAPITAL OUTLAY 50,769 1,199,285 1,176,757-1,015,501 1,015,501 TOTAL APPROPRIATIONS 51,235 1,199,930 1,177, ,015,501 1,015,753 NET OF REVENUES/APPROPRIATIONS - FUND 305 (48,870) (494,560) (472,032) 329,498 (1,015,501) (686,003) BEGINNING FUND BALANCE 537, , ,180 1,031,649 ENDING FUND BALANCE 488,180 (6,380) 16, ,646 94

150 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) RECOMMENDED - TOWN OF LONGBOAT KEY Fund PARK & RECREATION ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS ,637-2, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS ,637-2,637 INTERGOVERNMENTAL REVENUE SARASOTA COUNTY CONTRIBUTION 1,486, INTERGOVERNMENTAL REVENUE 1,486, GRANTS WCIND 446, CONTRIBUTION / KEY CLUB 10, CONTRIBUTION / ROTARY CLUB (DOG PARK) 2, MISC REV / OTHER 2, GRANTS 462, OTHER FINANCING SOURCES IF TRANSFER / INFRASTRUCTURE SURTAX 300, IF TRANSFER / BEACH CAP PROJ 350, OTHER FINANCING SOURCES 650, TOTAL ESTIMATED REVENUES 2,598, ,637-2,637 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE R/M GROUNDS - REMOVE INVASIVE SPECIES ,000-10,000 OPERATING ,129-10,129 CAPITAL OUTLAY ** CONTRA CAPITAL -COUNTY OWNED ** 1,749, RECREATION CENTER IMPROVEMENTS ,000-40, RECREATION CTR IMPROV OTHR THAN BLD - 15,000 15, BAYFRONT PARK DEVELOPMENT 1,406, , ,928-1,747 1, TOWN DOCK/BOARDWALK REPAIRS ,000 13,971 28, INTERFUND INTEREST EXPENSE 5, CAPITAL OUTLAY 3,160, , ,928 55,000 15,718 70,718 TOTAL APPROPRIATIONS 3,160, , ,928 65,129 15,718 80,847 NET OF REVENUES/APPROPRIATIONS - FUND 306 (562,109) (809,084) (389,928) (62,492) (15,718) (78,210) BEGINNING FUND BALANCE 958, , , ,748 ENDING FUND BALANCE 396,512 (412,572) 6, ,538 95

151 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund CAPITAL OR NONRECURRING FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS ,657-2, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS ,657-2,657 OTHER FINANCING SOURCES IF TRANSFER / GENERAL FUND - 187, , , ,500 OTHER FINANCING SOURCES - 187, , , ,500 TOTAL ESTIMATED REVENUES - 187, , , ,157 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE OPERATING CAPITAL OUTLAY IRRIGAT IRRIGATION WELLS - 15,000 15,000 15,000 15,000 30, FAC-LOT PARKING LOT RESURFACING-FACILITIES ,000-20, CODEVEH CODE ENFORCEMENT VEHICLE ,000-30, PKS-CAR PARKS VEHICLE ,000-15, IT-NETW NETWORK UPGRADES ,000-10, IT-SECR SECURITY SYSTEM - 5,000 5,000 5,000 5,000 10, IT-FDSC FIRE SCHEDULING SOFTWARE ,000-15, IT-PERF PERFORMANCE EVALUATION SOFTWARE ,500-7, IT-GISP GIS SYSTEM - 17,250 17,250-17,250 17, PDRECRD POLICE RECORDS MANAGEMENT SOFTWARE - 150, , , ,000 CAPITAL OUTLAY - 187, , , , ,750 TOTAL APPROPRIATIONS - 187, , , , ,790 NET OF REVENUES/APPROPRIATIONS - FUND (187,250) (184,633) BEGINNING FUND BALANCE ,250 ENDING FUND BALANCE ,617 96

152 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund WATER AND SEWER FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 55,286 50,000 50,000 94,269-94, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 55,286 50,000 50,000 94,269-94,269 MISCELLANEOUS REVENUE MISCELLANEOUS INCOME 4,324 4,000 4,000 4,000-4, SALE OF FIXED ASSETS 13, MISC REV / OTHER MISCELLANEOUS REVENUE 17,929 4,600 4,600 4,700-4,700 CHARGES FOR SERVICES WATER SALES 3,910,552 4,170,000 4,170,000 4,020,000-4,020, METER INSTALLATION FEES 11,295 10,000 10,000 10,000-10, SERVICE AND REPAIR INCOME 1,361 2,000 2,000 2,000-2, WASTEWATER COLLECTION CHARGES 4,107,992 4,240,000 4,240,000 4,240,000-4,240,000 CHARGES FOR SERVICES 8,031,200 8,422,000 8,422,000 8,272,000-8,272,000 LATE FEES DELINQUENT PENALTY CHARGES 43,785 25,000 25,000 50,000-50,000 LATE FEES 43,785 25,000 25,000 50,000-50,000 TOTAL ESTIMATED REVENUES 8,148,200 8,501,600 8,501,600 8,420,969-8,420,969 APPROPRIATIONS WAGES WAGES / EXECUTIVE 4, WAGES / REGULAR 111, , , , , LAUNDRY AND CLOTHING ALLOWANCE SEVERENCE 15, WAGES / TEMPORARY 1,213 10,000 10,000 10,800-10, WAGES / OVERTIME 7,814 16,500 16,500 9,033-9, WAGES / REGULAR 256, , , , , LAUNDRY AND CLOTHING ALLOWANCE 1,353 1,375 1,375 1,375-1, WAGES / OVERTIME 29,842 30,000 30,000 32,099-32,099 WAGES 428, , , , ,267 97

153 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED BENEFITS FICA TAXES 10,280 14,251 14,251 13,974-13, PENSION (238,441) 27,792 27,792 29,432-29, TOWN CONTRIBUTION / 401-K TOWN CONTRIB DEF COMP / ICMA 401-A 13,733 20,023 20,023 20,256-20, INSURANCE / MEDICAL 20,774 33,159 33,159 16,795-16, INSURANCE / DISABILITY INSURANCE / LIFE WORKERS COMPENSATION 4,866 6,473 6,473 5,706-5, FICA TAXES 21,496 22,870 22,870 23,430-23, PENSION 51,419 53,590 53,590 53,715-53, TOWN CONTRIBUTION / 401-K 7,649 7,931 7,931 5,603-5, TOWN CONTRIB DEF COMP / ICMA 401-A 25,346 23,413 23,413 24,107-24, INSURANCE / MEDICAL 52,271 60,849 60,849 63,241-63, INSURANCE / DISABILITY 1,377 1,587 1,587 1,634-1, INSURANCE / LIFE 1,234 1,200 1, WORKERS COMPENSATION 9,493 10,619 10,619 9,928-9,928 BENEFITS (17,219) 285, , , ,300 OPERATING PROF SERVICES / INVESTMENT EXPENSE 7,272 7,320 7,320 3,230-3, PROF SERVICES / ENGINEERING 3,300 10,000 3,000 10,000-10, PROF SERVICES / OTHER 62, , , , , TRAVEL / CONFERENCE 2,448 5,750 5,750 5,750-5, COMMUNICATIONS 6,380 5,000 5,000 5,000-5, CELL PHONE ALLOWANCE POSTAGE AND FREIGHT 1,850 2,000 2,000 2,000-2, ELECTRICITY 59,409 62,000 62,000 62,000-62, WATER RENTAL / EQUIPMENT R/M BUILDINGS 2,092 2,500 2,500 2,500-2, R/M GROUNDS R/M AUTOMOTIVE EQUIPMENT 5,075 5,000 12,000 6,000-6, R/M HYDRANTS / METERS / LINES 101, , , , , R/M OTHER EQUIPMENT 8,557 8,500 8,500 8,500-8, R/M STORM 517 1,000 1,000 1,000-1, PRINTING AND FORMS LICENSES AND TAXES MISCELLANEOUS ADVERTISING OFFICE SUPPLIES CHEMICALS 14,742 12,000 12,000 15,000-15, UNIFORMS 1,180 3,000 3,000 3,000-3, FUEL AND OIL 7,703 7,500 7,500 7,500-7, WATER PURCHASED FOR RESALE 1,457,351 1,693,000 1,693,000 1,589,000-1,589,000 98

154 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED MISC OPERATING SUPPLIES 1, MINOR EQUIPMENT 4,988 5,000 5,000 5,000-5, R/M STREETS SUBSCRIPTIONS AND MEMBERSHIPS 1,120 2,200 2,200 2,200-2, PROF SERVICES / ENGINEERING 1,000 10,000 10,000 10,000-10, PROF SERVICES / OTHER 8,629 15,000 15,000 10,000-10, TRAVEL / CONFERENCE 690 4,000 4,000 4,000-4, COMMUNICATIONS 3,449 3,500 3,500 3,500-3, CELL PHONE ALLOWANCE 1, POSTAGE AND FREIGHT ELECTRICITY 54,101 55,000 55,000 55,000-55, WATER 8,307 9,500 9,500 9,500-9, RENTAL / EQUIPMENT R/M BUILDINGS 1,128 1,200 1,200 1,200-1, R/M GROUNDS R/M AUTOMOTIVE EQUIPMENT 4,765 8,500 8,500 10,500-10, R/M LIFT STATIONS AND SEWER LINES 98, , , , , R/M OTHER EQUIPMENT 10,561 7,500 7,500 7,500-7, R/M STORM 517 1,000 1,000 1,000-1, MISCELLANEOUS ADVERTISING OFFICE SUPPLIES CHEMICALS 13,831 20,000 20,000 25,000-25, UNIFORMS 1,932 2,400 2,400 2,000-2, FUEL AND OIL 9,731 7,500 7,500 9,800-9, MISC OPERATING SUPPLIES 672 1,500 1,500 1,500-1, WASTEWATER TREATMENT 1,817,736 1,800,000 1,800,000 1,850,000-1,850, MINOR EQUIPMENT 3,802 5,000 5,000 5,000-5, R/M STREETS SUBSCRIPTIONS AND MEMBERSHIPS PROF SERVICES / OTHER 23,016 27,000 27,000 27,800-27, ACCOUNTING AND AUDITING 22,750 21,250 21,250 21,550-21, INSURANCE 121, , , , , MISCELLANEOUS CREDIT CARD FEES 1, ,900-6, TUITION REIMBURSEMENT - 6,000 6,000 6,000-6,000 OPERATING 3,963,965 4,419,251 4,419,251 4,365,183-4,365,183 CONTINGENCY COMMISSION CONTINGENCY CONTINGENCY

155 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED OTHER FINANCING USES BAD DEBT EXPENSE (15,283) 5,000 5,000 5,000-5, IF TRANSFER / ROAD AND BRIDGE FUND - 37,500 37,500 7,500-7, IF TRANSFER / UTILITIES CAP PROJ ,000,000-1,000, IF TRANSFER / GENERAL FUND 930,000 1,019,310 1,019,310 1,026,887-1,026,887 OTHER FINANCING USES 914,717 1,061,810 1,061,810 2,039,387-2,039,387 DEBT SERVICE INTEREST ON LTD 370, , , , ,134 DEBT SERVICE 370, , , , ,134 DEPRECIATION EXPENSE DEPRECIATION EXPENSE 1,759,151 1,700,000 1,700,000 1,780,000-1,780,000 DEPRECIATION EXPENSE 1,759,151 1,700,000 1,700,000 1,780,000-1,780,000 TOTAL APPROPRIATIONS 7,419,805 8,309,165 8,309,165 9,294,271-9,294,271 NET OF REVENUES/APPROPRIATIONS - FUND , , ,435 (873,302) - (873,302) BEGINNING FUND BALANCE 24,244,939 24,973,334 24,973,334 25,165,769 ENDING FUND BALANCE 24,973,334 25,165,769 25,165,769 24,292,

156 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED RECOMMENDED - TOWN OF LONGBOAT KEY Fund WATER & SEWER CAPITAL FUND 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 10,942 36,000 36,000 99,533-99, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 10,942 36,000 36,000 99,533-99,533 OTHER FINANCING SOURCES IF TRANSFER / UTILITY FUND ,000,000-1,000,000 OTHER FINANCING SOURCES ,000,000-1,000,000 TOTAL ESTIMATED REVENUES 10,942 36,000 36,000 1,099,533-1,099,533 APPROPRIATIONS OPERATING PROF SERVICES / INVESTMENT EXPENSE 1,009 4,300 4,300 4,016-4,016 OPERATING 1,009 4,300 4,300 4,016-4,016 CAPITAL OUTLAY WATER MAIN INSPECTION - 60,000 58,042-32,752 32, LB PASS SUBAQUEOUS REPLACEMENT 175, , , , , EMERALD HARBOR UTILITY UPGRADES 68,565 1,399,680 2,654,595-2,169,552 2,169, WATER DISTRIBUTION REHAB - 75,000 75, ,000 50, , WT-UNDG UNDERGROUNDING REPAIRS-WATER , , WATER STATION UPGRADE - 50,000 50,000 50,000 21,582 71, ASBESTOS CEMENT PIP REPLACEMENT , , MAINLINE WATER VALVES-LG DIAM , , WTR-MID STORAGE TANK INSPECTIONS-MID KEY ,000-90, WTR-SOU STORAGE TANK INSPECTIONS-SOUTH KEY ,000-90, AUTOMOTIVE EQUIPMENT ,000-30, OTHER EQUIPMENT - - 8, WTR-EQ1 VALVE EXCERCISING MACHINE - 75,000 69, WTR-EQ2 LEAK DETECTOR W/ GIS - 20,000 18,429-13,479 13, WTR-EXC BOBAT EXCAVATOR ,000-75, METERS INSTALLED - 15,000 15,000 15,000 9,847 24, WETWELL AND MANHOLE REPAIR 139, , , , REHABILITATION OF SEWER LINES I&I 68, ,000 25, , , WW COLLECTION SUBAQUEOUS REHAB 59, , , , , SCADA SYSTEM REPLACEMENT 71,250 76,454 76, ,000 39, , REHAB MINOR LIFT STATIONS 31, , , ,000 77, , REHAB INTERMEDIATE LIFT STATIONS - 300, , , , , WASTEWATER COLLECTION REHAB 24,989 37,341 27,341-26,675 26,

157 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED WW-UNDG UNDERGROUNDING PROJECT REPAIRS , , LIFT STATION 9D REHABILITATION 29, , ,000-10,000 10, LIFT STATION 8D REHABILITATION - 100, , GMD GRAVITY CROSSING REPLACEMENT 27, , ,715 55, , , REPLACE SEWER LATERALS , , LIFTSTATION ELECTRICAL UPGRADES ,000-60, AUTOMOTIVE EQUIPMENT 37,301 85,000 85,000-85,000 85, OTHER EQUIPMENT , WWT-EQ1 TRAILER MOUNTED BYPASS PUMP - 50,000 50, PORTABLE GENERATOR 32, ,000-55, LIFT STATION PUMPS 85,071 52,584 52,584 30,000 22,668 52, WWT-PER LIFT STATION PERMANENT BYPASS PUMP ,000-80, COMPUTER SOFTWARE 85, IT--ERP ERP SYSTEM 7,396 97,545 69,890-13,992 13, IT-GISP GIS SYSTEM - 64,000 64,000-64,000 64, CAPITAL EXPENSES MOVED TO ASSETS (944,905) CAPITAL OUTLAY - 4,629,775 5,618,873 3,301,000 3,657,060 6,958,060 OTHER FINANCING USES CONTINGENCIES - 200, , ,000 OTHER FINANCING USES - 200, , ,000 DEPRECIATION EXPENSE DEPRECIATION EXPENSE - 150, , DEPRECIATION EXPENSE - 150, , TOTAL APPROPRIATIONS 1,009 4,984,075 5,773,173 3,505,016 3,657,060 7,162,076 NET OF REVENUES/APPROPRIATIONS - FUND 404 9,933 (4,948,075) (5,737,173) (2,405,483) (3,657,060) (6,062,543) BEGINNING FUND BALANCE 7,942,348 7,952,281 7,952,281 6,068,168 ENDING FUND BALANCE 7,952,281 3,004,206 2,215,108 5,

158 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED RECOMMENDED - TOWN OF LONGBOAT KEY Fund BUILDING DEPARTMENT 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) ESTIMATED REVENUES INVESTMENT EARNINGS INTEREST ON INVESTMENTS 7,699 5,000 5,000 22,553-22, GAIN (LOSS) ON SALE OF INVESTMENTS INVESTMENT EARNINGS 7,699 5,000 5,000 22,553-22,553 MISCELLANEOUS REVENUE MISC REV / OTHER 5,070 4,004 4,004 4,950-4, MISC REV / BLDG CODE ADM COLL ALLOW 2,788 4,478 4,478 4,130-4, MISC REV / DOUBLE FEE PENALTY 1,244 2,200 2,200 2,200-2,200 MISCELLANEOUS REVENUE 9,102 10,682 10,682 11,280-11,280 CHARGES FOR SERVICES PERMITS / BUILDING 862, , , , , PERMITS / PLUMBING 32,540 80,000 80,000 80,000-80, PERMITS / ELECTRICAL 57,103 70,000 70,000 64,325-64, PERMITS / HVAC 139,330 85,000 85,000 85,000-85, STAFF REVIEW FEES 4, ,800-4, BUILDING REVIEW FEES 3,243 10,170 10, COPIES/MAPS/ORDINANCES/ETC RE-INSPECTION FEES 10,200 8,000 8,000 10,000-10,000 CHARGES FOR SERVICES 1,109,987 1,154,070 1,154,070 1,144,725-1,144,725 LICENSES AND PERMITS PERMITS / MISCELLANEOUS 3,540 14,000 14,000 12,800-12,800 LICENSES AND PERMITS 3,540 14,000 14,000 12,800-12,800 TOTAL ESTIMATED REVENUES 1,130,328 1,183,752 1,183,752 1,191,358-1,191,358 APPROPRIATIONS WAGES WAGES / EXECUTIVE - 40,616 40,616 40,783-40, WAGES / REGULAR 303, , , , , LAUNDRY AND CLOTHING ALLOWANCE SHIFT DIFFERENTIAL SEVERENCE 17, WAGES / TEMPORARY 5,042 16,500 16,500 17,820-17, WAGES / OVERTIME 8,659 7,000 7,000 16,943-16,943 WAGES 334, , , , ,

159 ALL OTHER FUNDS 2018 ADOPTED 2018 AMENDED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) GL NUMBER DESCRIPTION 2017 ACTUAL 2019 PROPOSED BENEFITS FICA TAXES 24,790 44,529 44,529 45,551-45, PENSION (316,269) 89,407 89,407 94,516-94, TOWN CONTRIBUTION / 401-K 5,268 8,292 8,292 8,609-8, TOWN CONTRIB DEF COMP / ICMA 401-A 30,874 58,460 58,460 58,840-58, INSURANCE / MEDICAL 55, , ,312 99,079-99, INSURANCE / DISABILITY 1,565 3,362 3,362 3,377-3, INSURANCE / LIFE 1,332 2,683 2,683 1,901-1, INSURANCE OPT OUT ALLOWANCE WORKERS COMPENSATION 2,970 5,623 5,623 3,257-3,257 BENEFITS (193,401) 331, , , ,130 OPERATING PROF SERVICES / INVESTMENT EXPENSE PROF SERVICES / TOWN ATTORNEY ,000-20, PROF SERVICES / OTHER 136,597 80, , , , PROF SERVICES / COLONY LGL-COL PROF SERVICES / COLONY EMERG MEASURES/UNSAFE BLDG PER CODE - 50,000 50,000 50,000-50, TRAVEL / CONFERENCE 1,925 13,410 13,410 7,975-7, COMMUNICATIONS 3,069 2,600 2,600 2,600-2, CELL PHONE ALLOWANCE 935 1,800 1,800 1,800-1, POSTAGE AND FREIGHT RENTAL / BUILDING 3,591 4,532 4,532 4,532-4, RENTAL / EQUIPMENT 1,374 2,400 2,400 2,400-2, R/M AUTOMOTIVE EQUIPMENT 124 2,000 2,000 3,000-3, R/M OTHER EQUIPMENT IT-BLDG R/M OTHER EQUIPMENT - 7,500 7,500 7,500-7, PRINTING AND FORMS 1,291 1,200 1, DUPLICATION COSTS LICENSES AND TAXES MISCELLANEOUS ADVERTISING CREDIT CARD FEES 17,744 12,153 12,153 18,000-18, OFFICE SUPPLIES 1,250 2,272 2,272 2,272-2, UNIFORMS 1,361 1,000 1,000 1,000-1, FUEL AND OIL 2,305 3,182 3,182 3,182-3, MISC OPERATING SUPPLIES MINOR EQUIPMENT 11, IT-BLDG MINOR EQUIPMENT - 1,500 1,500 2,000-2, IT-BLDG COMPUTER SOFTWARE (NON-CAPITAL) SUBSCRIPTIONS AND MEMBERSHIPS 4,052 2,785 2,785 2,525-2, TRAINING ,500-9, TUITION REIMBURSEMENT - 6,000 6,000 6,000-6,000 OPERATING 190, , , , ,

160 ALL OTHER FUNDS GL NUMBER DESCRIPTION 2017 ACTUAL 2018 ADOPTED 2018 AMENDED 2019 PROPOSED ESTIMATED PO/CAPITAL CARRYOVER 2019 RECOMMENDED (INCL CAPITAL CARRYOVER) CAPITAL OUTLAY AUTOMOTIVE EQUIPMENT 25, OFFICE EQUIPMENT AND FURNITURE 2, BD-OFFI OFFICE EQUIPMENT AND FURNITURE 24,881 40,000 40,000-10,000 10, BD-RACK OFFICE EQUIPMENT AND FURNITURE ,000 10, OTHER EQUIPMENT - 15,000 15, COMPUTER SOFTWARE 80, IT--ERP COMPUTER SOFTWARE - 38,603 38,603-38,603 38, IT-GISP COMPUTER SOFTWARE - 32,000 32,000-32,000 32, CAPITAL EXPENSES MOVED TO ASSETS (133,353) CONTINGENCIES - 50,000 50,000 50,000-50,000 CAPITAL OUTLAY - 185, ,603 50,000 80, ,603 OTHER FINANCING USES IF TRANSFER / GENERAL FUND 420, , , , ,000 OTHER FINANCING USES 420, , , , ,000 DEPRECIATION EXPENSE DEPRECIATION EXPENSE 14, ,000-20,000 DEPRECIATION EXPENSE 14, ,000-20,000 TOTAL APPROPRIATIONS 766,352 1,626,804 1,666,804 1,528,195 80,603 1,608,798 NET OF REVENUES/APPROPRIATIONS - FUND ,976 (443,052) (483,052) (336,837) (80,603) (417,440) BEGINNING FUND BALANCE 1,270,265 1,634,241 1,634,241 1,231,792 ENDING FUND BALANCE 1,634,241 1,191,189 1,151, ,

161 TOWN OF LONGBOAT KEY CAPITAL IMPROVEMENT PROGRAM FY2019-FY2023 September 11,

162 Town of Longboat Key Capital Improvement Plan FY FY 2023 Fund Description FY Carryforward New Spending Budget Total 001 General Fund Ad ValoremTax $ 187,250 $ 117,500 $ 304,750 $ 868,326 $ 487,000 $ 508,000 $ 176,000 $ 2,344, Road & Bridge Fund $ - $ 240,000 $ 240,000 $ 125,000 $ - $ 68,000 $ - $ 433, Sarasota Infrastructure Fund $ 199,860 $ 253,000 $ 452,860 $ 843,674 $ 392,000 $ - $ 367,000 $ 2,055, Law Enforcement Fund (LETF) $ 32,384 $ 20,000 $ 52,384 $ - $ - $ - $ - $ 52, Manatee Infrastructure Fund $ 51,829 $ 132,000 $ 183,829 $ 192,000 $ 192,000 $ 170,000 $ 204,000 $ 941, Facilities Capital Fund $ - $ 5,720,000 $ 5,720,000 $ - $ - $ - $ - $ 5,720, Streets Capital Fund $ 1,038,082 $ 670,000 $ 1,708,082 $ 370,000 $ 1,335,000 $ 3,035,000 $ 535,000 $ 6,983, Land Acquisiton Fund $ 273,596 $ 150,000 $ 423,596 $ 150,000 $ - $ 300,000 $ - $ 873, Beach Capital Fund $ 5,134,062 $ 2,148,000 $ 7,282,062 $ 10,378,000 $ 1,153,000 $ 30,603,000 $ 818,000 $ 50,234, GMD Undergrounding $ 23,419,928 $ - $ 23,419,928 $ - $ - $ - $ - $ 23,419, Canal Fund $ 1,015,500 $ - $ 1,015,500 $ 250,000 $ - $ - $ - $ 1,265, Parks & Recreation Capital Fund $ 13,971 $ 65,000 $ 78,971 $ 22,000 $ 40,000 $ 60,000 $ 67,500 $ 268, Neighborhood Undergrounding $ 22,265,843 $ - $ 22,265,843 $ - $ - $ - $ - $ 22,265, Building Fund $ 80,603 $ - $ 80,603 $ - $ - $ 30,000 $ 25,000 $ 135, Utility Capital Fund $ 3,657,059 $ 3,301,000 $ 6,958,059 $ 2,760,000 $ 2,690,000 $ 4,037,000 $ 2,600,000 $ 19,045,059 $ 57,369,967 $ 12,816,500 $ 70,186,467 $ 15,959,000 $ 6,289,000 $ 38,811,000 $ 4,792,500 $ 136,037,

163 Capital Budget FY19 All Funds $70,186,467 (including FY 18 carryovers) 108

164 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title General Fund FY18 PO Carryover New Spending FY19 Budget PZB 308 Code Enforcement SUV 4x4 $ - $ 30,000 $ 30,000 $ -00 $ -00 $ -00 $ -00 $ 30,000 replacing 2003 Ford Explorer Facilities 308 Parking Lot Repair $ - $ 20,000 $ 20,000 $ -00 $ -00 $ -00 $ -00 $ Repair and re-stripe parking lot. The lot is showing signs of 20,000 disrepair with large dips in the pavement. Utility Cart used in daily operations of the parks including trash Parks removal, hauling shell, etc. Most parks are not accessible by 308 Utility Cart (2) $ - $ 15,000 $ 15,000 $ 15,000 $ -00 $ -00 $ -00 $ 30,000 Department vehicle. One cart is a replacement and the other is an addition for Bayfront Park. Town Hall would benefit having a well installed( ). Facilities 308 Irrigation Wells $ 15,000 $ 15,000 $ 30,000 $ 15,000 $ -00 $ -00 $ -00 $ compared to paying the monthly water bills for irrigation. Public 45,000 Works to have another well installed in the following years budget( ). Information Technology Information Technology Information Technology Information Technology 308 Payroll Timekeeping Solution with Advanced Scheduling Total 5 Year Plan $ 15,000 $ 15,000 $ -00 $ -00 $ -00 $ -00 $ 15, Network Upgrades $ - $ 10,000 $ 10,000 $ -00 $ 3,000 $ -00 $ 25,000 $ 38,000 Description Replace Executime software with software compatible with Fire Advanced scheduling requirements. "Continual replacement of network equipment that becomes end of life with no future support. FY23 $25,000 adds the additional networking components once fiber is installed in the Town from the Undergrounding to connect all the buildings. Replace legacy software for performance evaluations with Off the 308 Performance Evaluation Software $ 7,500 $ 7,500 $ -00 $ -00 $ -00 $ -00 $ 7,500 Shelf system Public Safety (Police and Fire) Laptop Ongoing replacement of Public Safety laptops (Fire in FY $ - $ -00 $ -00 $ -00 $ 28,000 $ -00 $ -00 $ 28,000 Replacement Program Police in FY24) Information Technology 308 Badge Card/Camera/Security System $ 5,000 $ 5,000 $ 10,000 $ -00 $ -00 $ -00 $ -00 $ 10,000 Quote to bring in a badge card system. Fire / Rescue Fire Truck Replacement (General Fund Replace Reserve Aerial truck Pierce 75' Ladder F/A $ - $ -00 $ -00 $ 508,326 $ -00 $ -00 $ -00 $ 508,326 Portion) 6884 (Being paid for with 2 funding sources) Facilities 308 Exterior Painting $ - $ -00 $ -00 $ 45,000 $ 20,000 $ 30,000 $ -00 $ Town Hall/PZB( ) and Public Works( ) and Police 95,000 ( ) will need re-painting. Police Replace the 2010 marine patrol truck used to tow the two 308 Marine Patrol Pick-up 4x4 $ - $ -00 $ -00 $ 45,000 $ -00 $ -00 $ -00 $ 45,000 Department vessels. Fire / Rescue 308 Stretchers $ - $ -00 $ -00 $ 45,000 $ -00 $ -00 $ -00 $ 45,000 Scheduled replacement of ambulance stretchers. Fire / Rescue 308 Outboard Motor $ - $ -00 $ -00 $ 36,000 $ -00 $ 36,000 $ -00 $ Scheduled reoccurring Replacement of outboard motors on firerescue 72,000 boat. Police Department Police Department 308 Outboard Motors (Intrepid) $ - $ -00 $ -00 $ 36,000 $ -00 $ -00 $ 36,000 $ 72, Van - Crime Scene / Evidence $ - $ -00 $ -00 $ 30,000 $ -00 $ -00 $ -00 $ 30,000 If Intrepid is not replaced outboard motors on the Intrepid will be out of warranty and in need of replacement. Motors are replaced every three years on average. Replace Crime scene and evidence van. This price does not include trade in allowance. Fire / Rescue 308 Jet Ski Water Rescue $ - $ -00 $ -00 $ 20,000 $ -00 $ -00 $ 20,000 $ 40,000 MARINE JET SKI - REPLACE 2013 YAMAHA JETSKI; F/A Information Technology 308 Server OS/Windows Licensing $ - $ -00 $ -00 $ 20,000 $ -00 $ -00 $ -00 $ 20,000 Licensing for replacement server operating systems Fire / Rescue 308 Beach Rescue Vehicle $ - $ -00 $ -00 $ 20,000 $ -00 $ -00 $ -00 $ 20,000 Police Department 308 Boat Motors /Marine Patrol Boat - 24' (Moved $18k from FY18 to FY19) $ - $ -00 $ -00 $ 18,000 $ 18,000 $ -00 $ 20,000 $ 56,000 BEACH RESCUE VEHICLE - REPLACE 2011 POLARIS 6X6 BEACH RESCUE; F/A The Carolina Skiff was replaced in FY2016. This request is for the ongoing motor replacement every two years. Fire / Rescue 308 Extrication Equipment $ - $ -00 $ -00 $ 15,000 $ 15,000 $ -00 $ -00 $ 30,000 Scheduled replacement of equipment. 109

165 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Replacement Program for Marine vessels. FY2025 will require Fire / Rescue 308 Marine Vessel Replacement $ - $ -00 $ -00 $ -00 $ 45,000 $ -00 $ -00 $ 45,000 new vessel replacement. Full server replacement for all existing servers which includes 10 TB of disk space and full redundancy to Sarasota County DR Information 308 Server Replacement Program $ - $ -00 $ -00 $ -00 $ 15,000 $ -00 $ -00 $ 15,000 facility VM Ware will enable all servers to be virtualized for high Technology availability in 2 physical servers that will span two sites (LBK and SRQ D/R facility) Replace portable generator with a fixed generator at Town Hall( ). Replace portable generator at PW( ). We Facilities 308 Generator replacement $ - $ -00 $ -00 $ -00 $ 160,000 $ -00 $ 75,000 $ 235,000 are looking into making the Town Hall a fixed generator rather than portable. Police Department 308 Mobile Data Terminals (MDT's) and Integraph Mobile CAD Licenses Total 5 Year Plan $ - $ -00 $ -00 $ -00 $ 63,000 $ -00 $ -00 $ 63,000 Description Scheduled replaced of rugged laptops for all officers estimated $3000 each. Facilities 308 Interior Painting $ - $ -00 $ -00 $ -00 $ 50,000 $ -00 $ -00 $ 50,000 Interior painting of Town facilities. Specific facilities TBD. In -car cameras are necessary for the collection and preservation Police 308 In-Car Cameras $ - $ -00 $ -00 $ -00 $ 50,000 $ -00 $ -00 $ 50,000 of evidence and to reduce liability. 4 years is the estimated life Department span. Police Department 308 All Terrain Vehicle $ - $ -00 $ -00 $ -00 $ 20,000 $ -00 $ -00 $ 20,000 Replace Beach Emergency response/patrol ATV every 5 years Police Refurbish Marine Patrol Boat (30' the 2007 Intrepid will need to be replaced in 2021 after being 308 $ - $ -00 $ -00 $ -00 $ -00 $ 300,000 $ -00 $ 300,000 Department Intrepid) refurbished in REPLACE STAFF VEHICLE CHIEF 900; 2007 FORD EXPLORER not Fire / Rescue 308 SUV 4x4 Replacement $ - $ -00 $ -00 $ -00 $ -00 $ 50,000 $ -00 $ 50,000 replacing, extra vehicle going to auction / Fire Marshall receiving police vehicle going out of their fleet. Information Technology Fire / Rescue Police Department Police Department Information Technology 308 SAN Replacement-Disk Storage $ - $ -00 $ -00 $ -00 $ -00 $ 40,000 $ -00 $ 40,000 Replacement/Addition of SAN Storage which is necessary to keep up with application and storage demands of the town. Defibrillator Replacement Program This funding will allow for AED's to be replaced throughout the 308 $ - $ -00 $ -00 $ -00 $ -00 $ 30,000 $ -00 $ 30,000 (GEN FUND) town buildings. Replace two ATV's at $11,000 each. These are 2008 models with 308 All Terrain Vehicle (Qty 2) $ - $ -00 $ -00 $ -00 $ -00 $ 22,000 $ -00 $ 22,000 extreme hours of use and in moderately poor condition. Close per Police request. Records Management required as part of moving dispatch to 308 Records Management $ 150,000 $ -00 $ 150,000 $ -00 $ -00 $ -00 $ -00 $ 150,000 Sarasota County - Pending Sarasota County and Manatee County implementation of new software. 308 GIS $ 17,250 $ -00 $ 17,250 $ -00 $ -00 $ -00 $ -00 $ Quote to implement, configure, and purchase all software and 17,250 services associated with GIS Town Wide. TOTAL GENERAL FUND $ 187,250 $ 117,500 $ 304,750 $ 868,326 $ 487,000 $ 508,000 $ 176,000 $ 2,344,

166 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Streets Road & Bridge Fund 101 Bucket Truck (Utility Fund 5% share in cost) $ - $ 150,000 $ 150,000 $ -00 $ -00 $ -00 $ -00 $ 150,000 Streets 101 Chipper Replacement $ - $ 55,000 $ 55,000 $ -00 $ -00 $ -00 $ -00 $ 55,000 Streets 101 Truck Replacement Program $ - $ 35,000 $ 35,000 $ -00 $ -00 $ 55,000 $ -00 $ 90,000 Streets 101 Tractor $ - $ -00 $ -00 $ 125,000 $ -00 $ -00 $ -00 $ 125,000 Replacement of 2001 Bucket Truck that is needed to carry out day to day responsibilities including repair and maintenance of lights, trimming of trees at facilities, parks, in ROW's and side streets, used by water dept. for antenna maint, etc. Cost could be shared with Utilities. Replacement of 2003 Chipper that is needed to carry out day to day responsibilities. This is an essential piece of equipment for work efficiency and productivity working on Longboat Key. Replacing 2007 Ford F150 (18-19), 2011 Ford F450(21-22), 2013 F250 Utility Truck (23-24), and F550(23-24). These trucks are needed to perform daily job responsibilities. Replacement of x4 Agricultural Style Tractor that is needed and been inoperable many times over the last few years. It is used in red tide clean-up and other heavy maintenance needs. Replacement of 2006 mower used in daily operations of mowing Streets 101 Zero-Turn Mower $ - $ -00 $ -00 $ -00 $ -00 $ 13,000 $ -00 $ 13,000 facilities, parks, ROW's, etc. TOTAL ROAD & BRIDGE FUND $ - $ 240,000 $ 240,000 $ 125,000 $ -00 $ 68,000 $ -00 $ 433,

167 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Sarasota Infrastructure Fund OPTIONAL: New underground system in blocks of 3 courts. This Tennis Center Underground Watering System (Courts 102 $ - $ 150,000 $ 150,000 $ -00 $ 150,000 $ -00 $ -00 $ 300,000 would be done instead of the court resurfacing for $32,000 in 1-6) FY19/20 and FY21/22. Facilities 102 HVAC Upgrade/Replace $ - $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ -00 $ -00 $ Replacement/Upgrade HVAC Systems as necessary all Town 75,000 owned facilities. Recreation Center 102 Roof Replacement $ - $ 25,000 $ 25,000 $ -00 $ -00 $ -00 $ -00 $ 25,000 Replace Shingle Roof - Rec Center Facilities 102 Police Flooring Replacement $ - $ 20,000 $ 20,000 $ -00 $ -00 $ -00 $ 20,000 $ 40,000 Replace carpet Total Project $20,000 Facilities 102 Task Chair and Conference Room Seating (Pending Police request) $ 16,400 $ 18,000 $ 34,400 $ -00 $ -00 $ -00 $ -00 $ 34,400 Replacement of Task Chair seating based on state contract pricing. Task Chairs (16 Town Hall, 12 PZB Conference room; 12 PZB) and Conference seating - National Respect High Back Chairs (9 Chambers, 14 Ante Chambers, 4 T.M. Office and 5 Spare).The PD will be needing to replace a dozen (at least) desk chairs. Recreation Center 102 Floor Covering Replacement $ - $ 10,000 $ 10,000 $ -00 $ -00 $ -00 $ -00 $ 10,000 Replace aging VCT floor. Tennis Center 102 Fencing $ 571 $ 5,000 $ 5,571 $ -00 $ -00 $ -00 $ -00 $ 5,571 Fencing for 590 and 561 Bay Isles Sites Fire / Rescue Fire Truck Replacement (Infrastructure Replace Reserve Aerial truck Pierce 75' Ladder F/A $ - $ -00 $ -00 $ 341,674 $ -00 $ -00 $ -00 $ 341,674 Fund Portion) 6884 Fire / Rescue 102 Ambulance Replacement $ 4,826 $ -00 $ 4,826 $ 315,000 $ -00 $ -00 $ 315,000 $ 634,826 Ongoing scheduled replacement of Ambulances. 4 New Courts at Tennis Center estimated at $200,000-Revenue generator Parks $18,000-$35,000 /yr. Estimated time for site design and bidding Pickleball Courts (4) $ - $ -00 $ -00 $ 100,000 $ -00 $ -00 $ -00 $ 100,000 Department 9 months and to construct 3 months. Looking into grant funding. Town willing to do a grant match. Tennis Center 102 Tennis Court Resurfacing (Clay) and annual reserves $ - $ -00 $ -00 $ 32,000 $ 17,000 $ -00 $ 32,000 $ 81,000 Facilities 102 Roof Replacement $ 64,509 $ -00 $ 64,509 $ 25,000 $ 150,000 $ -00 $ -00 $ 239,509 Resurfacing occurred in FY 18. Periodic resurfacing schedule for continued maintenance. If the Town decides to rebuild courts with new underground watering system, then this cost is not required. Replacement of Town owned facility roofs as projected. Specific roof TBD. Tennis Center 102 Teaching Court $ - $ -00 $ -00 $ 5,000 $ -00 $ -00 $ -00 $ 5,000 Court resurfacing and new lines for the teaching court. Recreation Center 102 Fitness Equipment $ - $ -00 $ -00 $ -00 $ 50,000 $ -00 $ -00 $ 50,000 Equipment needed for new facility. Facilities 102 Police -Space renovation $ 50,000 $ -00 $ 50,000 $ -00 $ -00 $ -00 $ -00 $ Transition the old dispatch center into a locker room for female 50,000 employees and an additional office for Code Enforcement. Office/related furniture Facilities 102 HVAC Upgrade/Replace $ 690 $ -00 $ 690 $ -00 $ -00 $ -00 $ -00 $ Replacement/Upgrade HVAC Systems as necessary all Town 690 owned facilities. Tennis Center 102 Irrigation Well & Filter System $ 17,000 $ -00 $ 17,000 $ -00 $ -00 $ -00 $ -00 $ 17,000 Information Technology 102 Commission Chambers Audio $ 34,000 $ -00 $ 34,000 $ -00 $ -00 $ -00 $ -00 $ 34,000 The Tennis Center would benefit having a well installed with filtering system for clay courts and irrigation to save on water. Well saves approximately $13,000 / year. If the own decides to move forward with Underground court system, then the well will be built at the same time as the construction of the courts. Audio/Video system for the Commission Chambers will need to be updated as it is getting outdated. This would update both the video and audio portion possibly implementing permanent cameras for live meetings. 112

168 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Fitness equipment for the North Fire Station (this is used by town Fire / Rescue 102 Fitness Equipment - North Station $ 8,573 $ -00 $ 8,573 $ -00 $ -00 $ -00 $ -00 $ 8,573 employees as a fitness center) Police Communications in North End requiring repeaters due to 102 Radio Enhancements $ 3,291 $ -00 $ 3,291 $ -00 $ -00 $ -00 $ -00 $ 3,291 Department dropped calls and poor reception. TOTAL SARASOTA INFRASTRUCTURE FUND $ 199,860 $ 253,000 $ 452,860 $ 843,674 $ 392,000 $ -00 $ 367,000 $ 2,055,534 Total 5 Year Plan Description 113

169 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title Police Department Police Department FY18 PO Carryover Law Enforcement Forfeiture Fund New Spending FY19 Budget Total 5 Year Plan Description 111 Conference Room Reconfiguration $ 32,384 $ -00 $ 32,384 $ -00 $ -00 $ -00 $ -00 $ 32,384 Renovation of Conference room at Police Department 111 Police Department Active Shooter and Level of Force Simulator $ - $ 20,000 $ 20,000 $ -00 $ -00 $ -00 $ -00 $ 20,000 TOTAL LAW ENFORECEMENT FORFEITURE FUND $ 32,384 $ 20,000 $ 52,384 $ -00 $ -00 $ -00 $ -00 $ 52,384 This equipment trains officers in level of force protocol with active feedback through electronic vests using inert firearms simulating the exchange of gunfire. This technology will be utilized as a continual part of in service training. 114

170 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title Police Department Manatee Infrastructure Fund FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan 114 Mobile CADS - moved to MDT's $ 6,500 $ -00 $ 6,500 $ -00 $ -00 $ -00 $ -00 $ 6,500 Description Mobile CADS were purchased as required part of moving dispatch to Sarasota County. Will need to replace 4 tablets in FY18 and 12 laptops in FY19. Police Department 114 Unmarked Detective Car $ - $ 25,000 $ 25,000 $ -00 $ -00 $ -00 $ -00 $ 25,000 Detective vehicle will be out of warranty with high mileage Fire / Rescue 114 Powerlift for Stretchers $ - $ 23,000 $ 23,000 $ -00 $ -00 $ -00 $ -00 $ This funding will allow for one of three power lift stretcher 23,000 systems to be installed in our ambulances. We need three but will provide this install over time. The purchase of this dispensing machine will allow the Fire / Rescue Medication Narcotic Security department to track medication including narcotic accountability. 114 $ - $ 15,000 $ 15,000 $ -00 $ -00 $ -00 $ -00 $ 15,000 Dispenser It will also allow for ALS equipment to be tracked as they can be placed in the unit. Fire / Rescue 114 Fire Hose replacement $ - $ 13,000 $ 13,000 $ -00 $ -00 $ -00 $ -00 $ This past November during our annual hose testing it was found that several sections of hose failed. This funding will be used to 13,000 provide hose for our high-rise firefighting packs as well as allow for 150' availability at each station. $5,000 hose for fire truck also included. Fire / Rescue 114 Video Airway $ - $ 6,000 $ 6,000 $ -00 $ -00 $ -00 $ -00 $ Advanced airway enhancement for difficult patients. This device allows paramedics, when inserting an airway tube into the 6,000 trachea, a video of the throat and the opening in which the tube must be placed Police Department Streets Police Department Police Department 4 Police vehicles will be needed to replace aging vehicles with high mileage. Police vehicles experience higher wear and tear Police Vehicles (Infrastructure Fund 114 $ 36,957 $ -00 $ 36,957 $ 132,000 $ 132,000 $ -00 $ 144,000 $ 444,957 due to constant running to support the electrical equipment. portion) FY18 has no trade in values due to reuse of vehicles to other departments. North End Storm Drainage Systematic optimization of existing storm system, including 114 $ - $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 250,000 Improvements installation of valves at the north end. Equipment and Cages need to be transferred or replaced into 114 Patrol Car Retrofitting of Equipment $ - $ -00 $ -00 $ 10,000 $ 10,000 $ -00 $ 10,000 $ 30,000 new vehicles. 114 Police Radio Equipment $ 7,500 $ -00 $ 7,500 $ -00 $ -00 $ 120,000 $ -00 $ 127,500 Ongoing replacement of Communication equipment. Fire / Rescue 114 Mobex Devices $ 872 $ -00 $ 872 $ -00 $ -00 $ -00 $ -00 $ 872 TOTAL MANATEE INFRASTRUCTURE FUND $ 51,829 $ 132,000 $ 183,829 $ 192,000 $ 192,000 $ 170,000 $ 204,000 $ 941,829 (1) Mobex Device: This cost includes hardware (mounting antenna and install. This purchase will enhance communication between interior and exterior personnel when operating in highrise structures. This is greatly needed for the safety and accountability of firefighters when in dangerous atmospheres. 115

171 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Fire stations Capital Fund Fire / Rescue Remodel / Replacement of South Fire Estimated cost to build a new one story Station. Voter approved 300 $ - $ 4,529,750 $ 4,529,750 $ -00 $ -00 $ -00 $ -00 $ 4,529,750 Station Sta. 92 in March Fire / Rescue 300 North Fire Station Improvements $ - $ 1,012,000 $ 1,012,000 $ -00 $ -00 $ -00 $ -00 $ Consultant to design accommodations for co-gender staffing. Replace 200 kw generator and transfer switch at North Fire 1,012,000 station; other renovations per assessment study. Voter approved per Referendum March Fire / Rescue 300 Bond Closing costs $ - $ 178,250 $ 178,250 $ -00 $ -00 $ -00 $ -00 $ Closing costs associated with Bond. Proceeds for capitalized 178,250 interest are reported in the Debt Fund. TOTAL GENERAL FUND $ - $ 5,720,000 $ 5,720,000 $ -00 $ -00 $ -00 $ -00 $ 5,720,

172 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Streets Fund Streets 301 Village Storm water Project $ 115,440 $ -00 $ 115,440 $ -00 $ -00 $ -00 $ -00 $ This preliminary engineering effort will review options to the findings of the 2016 Village Storm water Study. Work consists of 115,440 review existing data, review alternatives, cost/benefit analysis, construction costs, and future needs. Also includes installation of valves. Streets 301 Streets Resurfacing $ 723,672 $ 300,000 $ 1,023,672 $ 200,000 $ -00 $ -00 $ 500,000 $ 1,723,672 Streets Re-Surfacing Program Streets 301 Dream Island Storm water Crossing Pipe Eval/Repair $ 46,940 $ 200,000 $ 246,940 $ -00 $ -00 $ -00 $ -00 $ 246,940 Streets 301 Broadway Roundabout-(Design Only) $ - $ 150,000 $ 150,000 $ -00 $ -00 $ 3,000,000 $ -00 $ 3,150,000 Engineer evaluation, recommendations and repair as necessary storm water pipe. Based on ongoing efforts to investigate improvements to Gulf of Mexico Drive, concept designs have been developed for potential roundabouts at Broadway and Gulf of Mexico Drive and at Longboat Club Road and Gulf of Mexico Drive. This is the initial phases for preliminary design and permitting of roundabouts. Streets 301 Storm Drain Improvements $ 60,320 $ 10,000 $ 70,320 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ Storm Drains to be cleaned and repaired as necessary. Starting a 110,320 program to have this done town-wide over several years. Streets 301 Traffic Signal Repair/Replace $ 3,878 $ 10,000 $ 13,878 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ Repairs are anticipated due to traffic signals that are aging and 53,878 parts can become corroded. FY24 is expected increase when we own all the streetlights. Streets 301 Center Turn Lanes-Country Club Shores - (Design Only) $ 73,082 $ -00 $ 73,082 $ -00 $ 1,300,000 $ -00 $ -00 $ 1,373,082 Streets 301 Broadway Culverts Eval/Repair $ - $ -00 $ -00 $ 150,000 $ -00 $ -00 $ -00 $ 150,000 Streets Information Technology Center turn lanes are not only a life safety issue but also Quality of Life issue during high traffic season. Specific areas have been targeted, but in the long term a Center Turn lane for the entire Gulf of Mexico Drive on the Key is desirable. The Town has requested by Resolution that County imposed Impact fees be earmarked for this project. Engineer recommendations to repair the culverts, Broadway $75,000 and Dream Island $60,000. Long term fix for Dream Island estimated at $230,000.. Street Light Repair/Replacement 301 Program $ - $ -00 $ -00 $ -00 $ 15,000 $ 15,000 $ 15,000 $ 45,000 Street light and sign replacement program 301 GIS $ 14,750 $ -00 $ 14,750 $ -00 $ -00 $ -00 $ -00 $ Quote to implement, configure, and purchase all software and 14,750 services associated with GIS Town Wide. TOTAL STREETSL FUND $ 1,038,082 $ 670,000 $ 1,708,082 $ 370,000 $ 1,335,000 $ 3,035,000 $ 535,000 $ 6,983,

173 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Land Acquisition Fund Facilities Bay Isles Pkwy- Demolition of Amore/Site Prep $ 250,000 $ -00 $ 250,000 $ -00 $ -00 $ -00 $ -00 $ 250,000 Demolition of Amore Restaurant and outdoor venue preparation. $400,000 Grant from the county is helping to fund the project. (GAAP notation: If land and building are purchased with the initial intent to use the land and demolish the building, capitalize the cost to demolish the building as land improvement.) Public Works 302 Arts, Culture and Education Center Site Development $ 23,596 $ 150,000 $ 173,596 $ 150,000 $ -00 $ 300,000 $ -00 $ 623,596 TOTAL LAND AQUISITION FUND $ 273,596 $ 150,000 $ 423,596 $ 150,000 $ -00 $ 300,000 $ -00 $ 873,596 Site Engineering Planning and Design for an Art, Cultural and Education Center (ACE Center). The Town has purchased a total of 4.81 acres in the Town Center area and has collaborated with Ringling College of Art and Design for the development of the ACE Center. 118

174 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Beach Fund Beach 303 Canal 1A Beneficial Use $ - $ 750,000 $ 750,000 $ -00 $ -00 $ -00 $ -00 $ Permitting and final design, bid and award, Const Mgmt. for adding scope of work to expand dredging of Canal 1A to include 750,000 Greer Island sand spit and beneficial use of sand on NE beach profile of Greer Island. (portions of Eng's scope could be financed this year budget) Beach 303 Sand Search $ - $ 300,000 $ 300,000 $ 300,000 $ -00 $ -00 $ -00 $ Preliminary geo-technical review and design of offshore sand 600,000 resources for future beach renourishment projects. Annual Environmental Monitoring for - shorebirds and sea turtles Beach Monitoring Protected Species (LGFR 303 $ 140,992 $ 250,000 $ 390,992 $ 350,000 $ 350,000 $ 250,000 $ 350,000 $ 1,690,992 to Comply with and compile data for FDEP / USACE / FWS / Turtles - Birds) USFWS Permit requirements Planning, design, permitting for New Pass Tightening. Start Beach New Pass Groin tightening / Extension 303 $ 1,250,000 $ 200,000 $ 1,450,000 $ 150,000 $ -00 $ -00 $ -00 $ 1,600,000 design-permitting concept $250k Bid and tighten 2019 $1mil. Roll full amount to Beach 303 Beach Consulting $ 217,960 $ 150,000 $ 367,960 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ For potential need of additional beach monitoring consultants to 967,960 confirm designs and technical review or additional/varied scope of specific services required. Beach 303 Post Construction Monitoring (LGFR) $ 203,134 $ 75,000 $ 278,134 $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ Annual Island-wide Monitoring; Aerials; North End post construction; Permeable Adjustable Groin monitoring (recurring 578,134 for the next 10 years) Post Construction FDEP Permit requirements Beach 303 Annual Beach Survey (LGFR) $ - $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 75,000 $ 375,000 This is non reimbursable annual surveys of the beach. Beach 303 Artificial Reef Monitoring (LGFR) $ 151,748 $ 75,000 $ 226,748 $ 75,000 $ -00 $ -00 $ 75,000 $ Monitoring of hard bottom in the vicinity of R-50 +/- required by 376,748 permit conditions JCP JC Permit required monitoring of hard bottom. Beach 303 Beach Tilling -(LGFR) $ 12,500 $ 40,000 $ 52,500 $ -00 $ -00 $ 50,000 $ 50,000 $ 152,500 This project includes tilling of beach sand for turtle nesting as a permit condition based on post-construction sand conditions, typically for three years, ( is 3rd/yr). Beach 303 Groin Maintenance $ 72,948 $ 30,000 $ 102,948 $ -00 $ -00 $ -00 $ 40,000 $ Maintenance as permit requires of completed project. Insure 142,948 compliance with permit. Beach 303 Legal Expense $ - $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 15,000 To be moved to operating Beach 303 North end Structural Stabilization (LGFR) $ 99,835 $ -00 $ 99,835 $ 9,200,000 $ -00 $ -00 $ -00 $ 9,299,835 This project consists of the construction of as many as four (potentially up to five) stabilization structures (permeable stone rubble groins) that will slow down the erosive forces currently depleting the sand at the North End of Longboat Key. Storm protection of homes and public infrastructure from wave action and surge. Protection of critical habitat for protected and endangered species. Beach 303 Preconstruction Design Consulting $ 180,000 $ -00 $ 180,000 $ -00 $ 500,000 $ -00 $ -00 $ 680,000 Beach 303 High Erosion Area Sand Placement (LGFR) $ - $ -00 $ -00 $ -00 $ -00 $ 30,000,000 $ -00 $ 30,000,000 Beach Update and Design and Planning for the following years High Erosion Area Sand Placement Project This project encompasses placement of sand along the shoreline that has seen excessive amounts of erosion. These areas are documented by annual shoreline surveys performed by our beach consultants. Storm protection of homes and public infrastructure from wave action and surge. Protection of critical habitat for protected and endangered species. (Includes additional $1.5 million State grant funding) 119

175 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Beach 303 Beach Equipment $ 10,110 $ -00 $ 10,110 $ -00 $ -00 $ -00 $ -00 $ 10,110 Description Purchase of beach maintenance equipment. Reimbursable under TDT-Maintenance. Beach rake and tractor replacement Beach 303 Longboat Pass/New Pass Dredging (LGFR) $ 15,635 $ -00 $ 15,635 $ -00 $ -00 $ -00 $ -00 $ 15,635 This project consists of the dredging of the Longboat Pass and New Pass federally authorized navigational channel as an inexpensive source of sand for the Town's northern and southern beaches. These projects is are consistent with the Town's and Manatee County's Inlet Management Study of Longboat Pass and agreements with Sarasota to share New Pass sand from the USACE Authorized Chanel. Projects provide Storm protection of homes and public infrastructure from wave action and surge. Protection of critical habitat for protected and endangered species funds are to prepare for potential 2025 New/Longboat Pass projects, pending our turn and $7mil project. Beach 303 Beach Management Plan Update $ 169,700 $ -00 $ 169,700 $ -00 $ -00 $ -00 $ -00 $ Update of the 2008 Comprehensive Beach Management Plan to assist in planning for future projects, determining sand sources, 169,700 funding sources and permit compliance. (Note: current proposal for this budget year is $169,700) Beach Army Corp Shore Protection Program Assessment for Federal assistance. Roll full amount to $ 1,500,000 $ -00 $ 1,500,000 $ -00 $ -00 $ -00 $ -00 $ 1,500,000 Assessment Pending agreement with USACE. Beach North Shore Area Interim 303 ReNourishment $ 1,109,500 $ -00 $ 1,109,500 $ -00 $ -00 $ -00 $ -00 $ 1,109,500 This project is designed to temporarily address localized erosion. Beach 303 Contingency $ - $ 200,000 $ 200,000 $ -00 $ -00 $ -00 $ -00 $ 200,000 Project Cost Contingencies TOTAL BEACH FUND $ 5,134,062 $ 2,148,000 $ 7,282,062 $ 10,378,000 $ 1,153,000 $ 30,603,000 $ 818,000 $ 50,234,

176 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description GMD Undergrounding Public Works 304 GMD Undergrounding $ 23,419,928 $ -00 $ 23,419,928 $ -00 $ -00 $ -00 $ -00 $ 23,419,928 TOTAL GMD UNDERGROUNDING FUND $ 23,419,928 $ -00 $ 23,419,928 $ -00 $ -00 $ -00 $ -00 $ 23,419,928 Neighborhood Undergrounding Public Works 307 Neighborhood Undergrounding $ 22,265,843 $ -00 $ 22,265,843 $ -00 $ -00 $ -00 $ -00 $ 22,265,843 TOTAL NEIGHBORHOOD UNDERGROUNDING FUND $ 22,265,843 $ -00 $ 22,265,843 $ -00 $ -00 $ -00 $ -00 $ 22,265,843 On November 3, 2015, the Town s electors voted to authorize the Town s borrowing of up to $25,250,000 for undergrounding utilities (electric, telephone, cable and fiber optic) and feeder lines on Gulf of Mexico Drive, including Binnacle Point in Spanish Main and on Broadway ("GMD Undergrounding Project"). These costs will be paid for through non-ad valorem assessments. Estimated costs are approx. $49.1 million on a town wide basis of which $25.25 million is estimated for GMD. On March 15, 2016 the electors voted to authorize the Town's borrowing of up to $23,850,000, to finance the remaining undergrounding of electrical utilities in certain neighborhoods including street lighting installation, and communications/fiber optics utilities in certain neighborhoods, payable solely from special assessments imposed against real property throughout the Town and other non-ad valorem revenues if necessary. Estimated costs are approx. $49.1 million on a town wide basis of which $23.85 million is estimated for Neighborhoods. 121

177 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Canal Dredging Fund Canal 305 Canal Dredging Project Required Monitoring and Mitigation $ 184,570 $ -00 $ 184,570 $ 250,000 $ -00 $ -00 $ -00 $ 434,570 Required monitoring and mitigation for sub-aqueous and upland vegetation impacts as a result of dredging. Roll to Canal 305 Canal Dredging Program $ 749,664 $ -00 $ 749,664 $ -00 $ -00 $ -00 $ -00 $ 749,664 The Town completed a comprehensive canal survey and feasibility study in order to determine a systematic dredging and maintenance plan in accordance with regulatory agency permit requirements. Design and permitting is in progress Canal 305 Canal Dredging Feasibility $ 34,906 $ -00 $ 34,906 $ -00 $ -00 $ -00 $ -00 $ Continued work on comprehensive canal survey and feasibility 34,906 study in order to determine a systematic dredging and maintenance plan Canal 305 Canal Dredging Engineering Consultant $ 46,360 $ -00 $ 46,360 $ -00 $ -00 $ -00 $ -00 $ Based on the results of the 2018 Canal Dredging Project the town 46,360 should investigate conditions and initiate preliminary engineering for additional canal dredging. TOTAL CANAL DREDGING FUND $ 1,015,500 $ -00 $ 1,015,500 $ 250,000 $ -00 $ -00 $ -00 $ 1,265,

178 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Park and Recreation Fund Tennis Center 306 Tennis Pro Shop Camera System $ - $ -00 $ -00 $ -00 $ 25,000 $ -00 $ -00 $ 25,000 Parks Department Parks Department Parks Department Parks Department Per IT Department, Due to the electrical, pole mounting, permitting, that quote came in at 25K to do everything. We could wait until we run fiber for that at this point 306 Sister Keys Invasive Species Removal $ - $ 10,000 $ 10,000 $ -00 $ -00 $ 10,000 $ -00 $ 20,000 Sister Keys Invasive species monitoring and removal. Mower is essential for maintaining the various parks on weekly 306 Zero Turn Lawn Mower $ - $ -00 $ -00 $ 12,000 $ -00 $ -00 $ -00 $ 12,000 basis. Replacement of 2004 Mini-backhoe that is used regularly in 306 Kubota $ - $ -00 $ -00 $ -00 $ -00 $ 35,000 $ -00 $ 35,000 operations of the parks and other tight ROW areas where larger equipment cannot access. 306 Bathroom-Durante Park $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ 25,000 $ 25,000 Durante Park bathroom will need repairs and/or replacement. Tennis Center 306 Exterior Painting-Tennis Center $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ 20,000 $ 20,000 Tennis Center will need to be painted in FY23 Parks Trailer needed on a regular basis for grounds maintenance of 306 Mowing trailer $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ 7,500 $ 7,500 Department facilities, parks and ROW's. Parks 306 Recreation Center Planning $ - $ 40,000 $ 40,000 $ -00 $ -00 $ -00 $ -00 $ 40,000 Update of Recreation center Plans for replacement Department Parks Boardwalk Repairs/ Pier Replacement 306 $ 13,971 $ 15,000 $ 28,971 $ 10,000 $ 15,000 $ 15,000 $ 15,000 $ 83,971 Replace boardwalks throughout the parks and public property. Department & Dock R TOTAL PARK & RECREATION FUND $ 13,971 $ 65,000 $ 78,971 $ 22,000 $ 40,000 $ 60,000 $ 67,500 $ 268,

179 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan Description Building Fund Building 402 Pick-up Truck Replacements (Inspectors) $ - $ -00 $ -00 $ -00 $ -00 $ 30,000 $ -00 $ 30,000 Replacement of 2004 Ford Ranger (Building Inspectors). Has been incurring higher repair costs and occasional breakdowns. Building 402 Plotter / Scanner (Large Format) $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ 25,000 $ Town Commission is currently receiving paper copies of large 25,000 plans and would prefer electronic versions. Would have to send to outside vendor to do this. Due to increased on-site storage of building records and Building Office space reconfiguration and 402 $ 10,000 $ -00 $ 10,000 $ -00 $ -00 $ -00 $ -00 $ 10,000 reconfiguration of office space for staffing needs for Building furnishings Division Building 402 Financial Software $ 38,603 $ -00 $ 38,603 $ -00 $ -00 $ -00 $ -00 $ ERP System Replacement. System lacks basic accounting features and lacks a robust internal reporting system. Many inefficiencies 38,603 associated with the old system. The Cost will be shared with the Utility and Building Funds (Gen Fund $150k, Utility $100k, Building $50k) Information Quote to implement, configure, and purchase all software and 402 GIS $ 32,000 $ -00 $ 32,000 $ -00 $ -00 $ -00 $ -00 $ 32,000 Technology services associated with GIS Town Wide. TOTAL BUILDING FUND $ 80,603 $ -00 $ 80,603 $ -00 $ -00 $ 30,000 $ 25,000 $ 135,

180 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title Wastewater Department Water Department Water Department Wastewater Department Wastewater Department Water Department Water Department Utility Capital Fund FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan 404 Rehabilitation of Sewer Lines $ 9 $ 500,000 $ 500,009 $ 500,000 $ 500,000 $ 500,000 $ 500,000 $ 2,500, Water Distribution Rehab $ 50,452 $ 500,000 $ 550,452 $ 500,000 $ 500,000 $ 500,000 $ 300,000 $ 2,350,452 Description Lining of sewer main and connections to prevent high infiltration of ground water into the sanitary systems Systematic engineering evaluation for the Installation of a new parallel water main on GMD next to the 16"- 10" Transmission Water line to provide Non-interrupted service caused by water breaks on existing Transmission Water Main. 404 Asbestos Cement Pipe Replacement $ - $ 300,000 $ 300,000 $ 500,000 $ 500,000 $ -00 $ -00 $ This project consists of the removal and replacement of old 1,300,000 asbestos/cement (a/c) waterlines thorough areas of the Town. Country Club Shores - Channel Ln 404 Lift Station Rehab (Intermediate) $ 100,059 $ 206,000 $ 306,059 $ 200,000 $ 200,000 $ 300,000 $ 300,000 $ Rehabilitation of intermediate lift stations that are at their life 1,306,059 expectancy Minor and smaller intermediate lift stations will be systematically rehabilitated including pumps; piping; control panel and lining 404 Lift Station Rehab (Minor Stations) $ 77,456 $ 390,000 $ 467,456 $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ the wet well/manhole. The Town has approximately 12 minor lift 1,267,456 stations. These lift stations were constructed in the mid 1970's. This project will be performed over several years in a priority order. There are 18 large water valves along our 10 mile-long main Replace/Install Large Diameter 404 $ - $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 150,000 $ 750,000 water line on GMD. This project will replace 3 large water valves Mainline Water Valves annually over the next 6 years. 404 Undergrounding Project Repairs - Water $ - $ 150,000 $ 150,000 $ -00 $ -00 $ -00 $ -00 $ 150,000 Associated repair costs with the Town's Undergrounding Project. The work will be necessary to relocate underground waster lines, meters. Etc. Carryover unused balance until end of UG project. Wastewater Department Wastewater Department Wastewater Department Wastewater Department 404 Undergrounding Project Repairs-Waste Water $ - $ 150,000 $ 150,000 $ -00 $ -00 $ -00 $ -00 $ 150, Wetwell & Manhole Repair $ - $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 625, replacing Sewer Laterals $ - $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 200,000 $ 200,000 $ 700, SCADA Upgrade $ 39,423 $ 100,000 $ 139,423 $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 539,423 Associated repair costs with the Town's Undergrounding Project. The work will be necessary to relocate underground wastewater lines. Carryover unused balance until end of UG project. Wetwell and manhole repair and maintenance. Systematic work and repair on manholes and wetwells. Staff has identified streets that require replacing/relining of the individual sewer laterals. This area has a very high ground water that, combined with older sewer services, contribute to the infiltration of ground waster in the Town's sewer system SCADA (Supervisory Control and Data Acquisition system) review and program upgrades. System over 9 years old. SCADA software upgrades have been performed and secondary station SCADA equipment will be replaced. SCADA provides vital role in knowledge and capabilities key to primary business function and system monitoring. FY-17 expenditure to finalize completion. 1- year service contract already included (no cost for FY-18), Provide continued maintenance and optimization and parts replacement to SCADA continuing. Water Department 404 Mid Key Water Storage Tank Inspection and Repairs $ - $ 90,000 $ 90,000 $ -00 $ -00 $ -00 $ -00 $ 90,000 Water storage tank inspection (required every 5 years) and need maintenance/repair per engineering evaluation/tank inspections 125

181 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title Water Department 404 South Key Water Storage Tank Inspection and Repairs FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan $ - $ 90,000 $ 90,000 $ -00 $ -00 $ -00 $ -00 $ 90,000 Description Water storage tank inspection (required every 5 years) and need maintenance/repair per engineering evaluation/tank inspections Wastewater Department Water Department Wastewater Department Wastewater Department Wastewater Department Water Department Wastewater Department Water Department Water Department Wastewater Department Wastewater Department Water Department Wastewater Department 404 Lift Station Permanent By-pass Pump $ - $ 80,000 $ 80,000 $ 45,000 $ -00 $ 47,000 $ -00 $ 172,000 Install permanent bypass pumps at L/S D-10", 4F- 4"and 7F-6" for continues wastewater operation during emergency events Replacement of 2007 Excavator that is used to dig up asphalt, 404 Bobcat Excavator $ - $ 75,000 $ 75,000 $ -00 $ -00 $ -00 $ -00 $ 75,000 dirt, etc when repairing water leaks. 404 Lift station Electrical Upgrades $ - $ 60,000 $ 60,000 $ 60,000 $ 60,000 $ 60,000 $ 60,000 $ Lift stations are earmarked for upgrades of their electrical 300,000 systems and panel. The estimated cost is $15,000/ea. Purchase of (4) trailer-mounted generator to replace aging stock. (1) G190WCU model in FY17. in FY 19 for L/S D. (1) 70 kw generator to replace heavily used 2005 model in FY20. (1) 404 Portable Generator Replacement $ - $ 55,000 $ 55,000 $ 70,000 $ 105,000 $ 55,000 $ -00 $ G70WCU, generator to replace in FY 20 for L/S. (1) G125WCU, 285,000 generator to replace model in FY 21 for Public Works. (1) G70WCU, generator to replace in FY 21 for L/S. Existing generator is becoming increasingly costly to perform standard maintenance. Investigation of wastewater pipelines crossing under GMD. Indepth inspections are warranted and repair and possible Lift Station C Force Main /GMD 404 $ 603,095 $ 55,000 $ 658,095 $ 55,000 $ 55,000 $ 55,000 $ 55,000 $ 878,095 Wastewater Crossing Replace replacement needed. 404 Water Station Upgrade $ 21,582 $ 50,000 $ 71,582 $ 50,000 $ 50,000 $ 200,000 $ 200,000 $ 571,582 Upgrade on existing equipment. (mechanical, piping, pumps, flowmeters, chemical injection, transducers, etc ) 404 Lift Station Pumps $ 22,668 $ 30,000 $ 52,668 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 172,668 Pumps and appurtenances Reaching their life expectancy. 404 Truck replacement $ - $ 30,000 $ 30,000 $ -00 $ -00 $ -00 $ -00 $ 30, Meters $ 9,847 $ 15,000 $ 24,847 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 84, Lift Station E -New metal Roof $ - $ -00 $ -00 $ 60,000 $ -00 $ -00 $ -00 $ 60, Wastewater Collection Subaqueous $ 162,363 $ -00 $ 162,363 $ -00 $ -00 $ 1,500,000 $ -00 $ 1,662, Longview Interconnect Loop w/ Bayou Sound $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ 250,000 $ 250, Work Truck Replacement $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ 115,000 $ 115,000 New work truck for meter repair/ maintenance, water sampling and parts runs so a service truck doesn't have to be used. At full staff the department is short of one vehicle to provide adequate amount of service. Currently 6 trucks are for field operations; full staff at 7 employees. All the Town's water meters were replaced in The meters have a useful service life of 15 years. This includes Neptune software updates and all meter accessories Install new metal roof at L/S E to protect electronic equipment for continues wastewater operation from an large weather event Subaqueous Wastewater Collection System under Sarasota Bay to the Manatee Co Water Reclamation Facility; design a redundant subaqueous pipeline. The pipeline is 43 years old and has an additional years of service. This line item will provide for preliminary engineering and analysis of the long term permit for an open cut of Sarasota Bay. A redundant line has several benefits. This project aims to eliminate a long dead end waterline on Buttonwood/Longview Dr. Dead end water lines present water quality issues for costumers, such taste and low residual chlorine for disinfection purposes. Replacement of 2011 Crane Truck # 5 F-350 4x4 (2011) with Ford x4 Crane Utility Body. 126

182 Longboat Key - Capital Improvement Plan FY 19-FY23 Sept 11, 2018 Dept Fund Project Title Water Department Water Department Water Department Wastewater Department Wastewater Department Wastewater Department FY18 PO Carryover New Spending FY19 Budget Total 5 Year Plan 404 Water Main Inspection $ 32,752 $ -00 $ 32,752 $ -00 $ -00 $ -00 $ -00 $ Inspection of the Water Main suspended from the Longboat Pass 32,752 Bridge, and subaqueous (1994) Water Main under Longboat Pass. Proactive inspections every 3 years. This represents the current amount encumbered associated with 404 LB Pass Subaqueous Replacement $ 154,655 $ -00 $ 154,655 $ -00 $ -00 $ -00 $ -00 $ 154,655 Longboat Pass. Unexpended amounts may be returned to fund balance. Emerald Harbor Utilities Piping (water and wastewater) is in very poor shape, and requires constant maintenance and attention. The Force Mains have significant corrosions and diminished 404 Emerald Harbor Utility Upgrades $ 2,169,552 $ -00 $ 2,169,552 $ -00 $ -00 $ -00 $ -00 $ 2,169,552 capacity, the Lift Stations and manholes are in need of lining/rebuilding, and the water system is older polyglass, and has reached end of life expectancy. The gravity sewer lines need lining. 404 Wastewater Collection REHAB $ 26,675 $ -00 $ 26,675 $ -00 $ -00 $ -00 $ -00 $ 26,675 Wastewater Collection Rehab 404 Lift Station 9D Rehab $ 10,000 $ -00 $ 10,000 $ -00 $ -00 $ -00 $ -00 $ 10, Lift Station 8D Rehab $ - $ -00 $ -00 $ -00 $ -00 $ -00 $ -00 $ -00 Description Systematic rehabilitation of the wastewater lift stations to extend service life. Next wastewater lift station in priority sequence of rehabilitation. Systematic rehabilitation of the wastewater lift stations to extend service life. Next in priority sequence list for rehabilitation. Replacement of F-450 (2001) Utility Truck, Side Boxes, and Crane Wastewater 404 Crane Truck Replacement $ 85,000 $ -00 $ 85,000 $ -00 $ -00 $ -00 $ -00 $ 85,000 in FY-18, and replace F-350 (2011) Utility Truck, Side Boxes, and Department Crane in FY-21. Water This equipment will enhnace and improve efficiency in finding 404 Leak Detector W/GIS $ 13,479 $ -00 $ 13,479 $ -00 $ -00 $ -00 $ -00 $ 13,479 Department leaks and minimizing road repairs. ERP System Replacement. System lacks basic accounting features and lacks a robust internal reporting system. Many inefficiencies Water/Sewer 404 Financial Software $ 13,992 $ -00 $ 13,992 $ -00 $ -00 $ -00 $ -00 $ 13,992 associated with the old system. The Cost will be shared with the Utility and Building Funds (Gen Fund $150k, Utility $100k, Building $50k) Information Quote to implement, configure, and purchase all software and 404 GIS $ 64,000 $ -00 $ 64,000 $ -00 $ -00 $ -00 $ -00 $ 64,000 Technology services associated with GIS Town Wide. TOTAL UTILITY CAPITAL FUND $ 3,657,059 $ 3,301,000 $ 6,958,059 $ 2,760,000 $ 2,690,000 $ 4,037,000 $ 2,600,000 $ 19,045,

183 End of Agenda Item