BUDGET SUMMARY TABLE OF CONTENTS

Transcription

1 BUDGET SUMMARY TABLE OF CONTENTS Pinellas County Organization Chart...B-2 Description of Pinellas County Government...B-3 Budget at a Glance...B-4 Appropriations and Sources...B-5 Property Tax Rates and Revenue...B-6 Sources and Uses Graphics...B-7 Summary of Budgets FY18...B-8 Appropriations by Function and Activity...B-9 Operating Budget Comparison... B-11 Capital Budget Comparison... B-13 Operating and Capital Summary... B-13 Operating and Capital Graphics... B-14 Resources and Balances... B-15 Total Fund Budgets... B-17 Department/Agency Budgets by Fund Types... B-19 Summary of Changes in Fund Balance... B-21 Schedule of Budget Transfers... B-22 Three-Year Financial Summary... B-23 Long Term Debt Structure for Pinellas County... B-29 Debt Service Summary... B-30 Personnel Position Comparison... B-33 Personnel Position Comparison Summary... B-34 Economic Trends and Major Revenues... B-35 Population... B-35 Number of Visitors - St. Petersburg/Clearwater... B-36 Unemployment Statistics... B-37 Total Labor Force... B-38 Housing Units Permitted... B-39 Taxable Value: New Construction... B-40 Taxable Value: Countywide... B-41 County-wide Property Tax Collections and Property Tax Rates... B-42 Taxable Value: MSTU... B-43 MSTU Property Tax Collections and Property Tax Rates... B-44 Taxable Sales... B-45 1/2 Cent Sales Tax and State Revenue Sharing... B-46 Penny for Pinellas... B-47 Local Option Gas Tax... B-48 Tourist Development Tax... B-49 General Fund Beginning Fund Balance... B-50 Pinellas County, Florida B-1 FY18 Adopted Budget

2 Pinellas County, Florida B-2 FY18 Adopted Budget STATE ATTORNEY Government Organizational Chart PUBLIC DEFENDER ASSISTANT COUNTY ADMINISTRATOR John Bennett SHERIFF SENIOR EXECUTIVE ASSISTANT Della Klug Animal Services Emergency Management Human Services Consumer Protection Justice Coordination Veterans Services Marketing and Communications Safety and Emergency Services Ambulance Billing and Financial Services Emergency Medical Services and Fire Administration Radio and Technology Regional CIRCUIT & COUNTY COURT BUSINESS TECHNOLOGY SERVICES OFFICE OF HUMAN RIGHTS UNIFIED PERSONNEL SYSTEM ASSISTANT COUNTY ADMINISTRATOR Paul Sacco Convention & Visitors Bureau Management & Budget Parks & Conservation Resources Air Quality Extension Services Florida Botanical Gardens Heritage Village Parks Preserves Purchasing Real Estate Management Fleet STAR Center Risk Management CITIZENS BOARD OF COUNTY COMMISSIONERS COUNTY ADMINISTRATOR Mark S. Woodard CLERK OF THE CIRCUIT COURT PROPERTY APPRAISER COUNTY ATTORNEY Jewel White SPECIAL ASSISTANT TO THE COUNTY ADMINISTRATOR Canaan McCaslin AGENDA COORDINATION INTERGOVERNMENTAL RELATIONS WORKFORCE DEVELOPMENT ASSISTANT COUNTY ADMINISTRATOR Jake Stowers Airport Building Services Development Review Services (DRS) Code Enforcement Economic Development Planning Community Development LEGEND Public Works Solid Waste Utilities SUPERVISOR OF ELECTIONS DIRECT AUTHORITY COORDINATION RESPONSIBILITY TAX COLLECTOR Prepared by the Marketing & Communications Department

3 DESCRIPTION OF PINELLAS COUNTY GOVERNMENT Pinellas County was established in 1912 and is located at the approximate midpoint of the west coast of Florida, bounded on the east by Tampa Bay and on the west by the Gulf of Mexico. The County contains a total area of 439 square miles, of which approximately 280 square miles are land and the balance is water area. With a 2016 estimated permanent population of 954,569, Pinellas County ranks sixth in terms of county population. With the second smallest total land area, Pinellas County is the most densely populated county in Florida with 3,486 people per square land mile. There are 24 incorporated municipalities in Pinellas County. St. Petersburg is the largest city in the County with a 2016 estimated population of 259,906. Clearwater, the County seat, is the second largest city, with a 2016 estimated population of 112,387. Approximately 275,966 people reside within unincorporated Pinellas County. Seven-Member Commission Elected to Govern County Pinellas County is a political subdivision of the State of Florida. In October 1980, the voters approved a Home Rule Charter for Pinellas County. In accordance with this Charter, the Board of County Commissioners is the legislative body of county government responsible for the formulation of policy. The County Administrator, a professional appointed by the Board, and his staff are responsible for the implementation of those policies. On November 2, 1999, Pinellas County voters changed the composition of the Board from five at-large members to a seven member commission. Four of the members are elected from single member districts and three are elected at-large. Commissioners Serve on Other Boards The Board of County Commissioners also serves as the Emergency Medical Services Authority, Fire Protection Authority, Economic Development Authority, and Water and Navigation Authority. Individual Board members serve on various other boards, authorities, and commissions, including: Tampa Bay Regional Planning Council, Tampa Bay Water, Business Technology Services Board, Forward Pinellas (Metropolitan Planning Organization), Pinellas County Cultural Council, Pinellas Suncoast Transit Authority, Election Canvassing Board, Juvenile Welfare Board, and the Tourist Development Council. Elected Officials Elected Officials include the Board of County Commissioners, the Judiciary, the State Attorney, Public Defender and five Constitutional Officers: the Clerk of the Circuit Court, the Property Appraiser, the Sheriff, the Supervisor of Elections, and the Tax Collector. Constitutional Officers are elected to administer a specific function of County government and are directly accountable to the public for its proper operation. The Board funds all or, in some cases, a portion of the operating budgets of the Elected Officials. The Constitutional Officers maintain separate accounting systems and budgets. Other Government Agencies Based on the degree of budgetary authority, taxing authority, and reporting and alignments with independent boards/councils, several other governmental entities also have their budgets reviewed and approved by the Board of County Commissioners. These independent agencies include: Business Technology Services, Human Resources, and the Office of Human Rights. The budgets of these agencies and the Constitutional Officers, as well as the County portion of support for Courts, are included in this document. Role of the County Administrator In 1964, Pinellas was the first Florida County to adopt the Commission/Administrator form of Government. The County Administrator is appointed by the Board of County Commissioners and is responsible for carrying out the directives and policies of the Board. The County Administrator is also responsible for the management and supervision of all functions and personnel under the Board of County Commissioners in accordance with Section 4.01 of the Pinellas County Charter. Pinellas County, Florida B-3 FY18 Adopted Budget

4 BU D G E T F Y18 ADOP TED Anticipated County Resources Designated Funds 36% $2,253, 882,660 (Including Fund Balances) Fees & Charges Property Taxes 23% 22% Other Revenues Intergovernmental Pinellas P inellas C County, ounty, Florida Florida $ Do D Doing oi o oing in i ng n g Things T Th hi h in i ng n gs g s Dollars D Do ol o ll l la l ar a rs r s Major County Services Cost Summary 13% 6% $ $ Organization Cost Summary (In Millions) (Including Reserves) Board of County Commissioners Governmental and Enterprise Services $1,467.3M Others $418.3M Physical Environment... 29% Public Safety % Governmental Support.. 23% Transportation % Economic Environment..7% Human Services % Culture & Recreation....2% Constitutional Officers $368.3M 19% 16% 65% Pinellas County is Doing Things for citizens every day through prudent management of the county budget. For more information Pinellas County Management & Budget (727) /17

5 PINELLAS COUNTY BUDGET FY18 ADOPTED $2,253,882,660 A P P R O P R I A T I O N S Board of County Commissioners $1, % Operating CIP Budget Summary Costs Costs * Board County Comm. $ 1.9 * County Attorney 5.1 * County Administrator: Enterprise Services $ (Self-supporting Services for Water, Sewer, Solid Waste and Airport) Governmental Services ( Parks, Road Maintenance, EMS, etc.) Total $1,010.9 $456.4 Physical Environment ORGANIZATION COST SUMMARY (In Millions) Constitutional Officers $ % Operating CIP Budget Summary Costs Costs * Clerk of the Court $ 11.9 * Property Appraiser 11.0 * Sheriff $ 28.1 * Supervisor of Elections 7.5 * Tax Collector 20.7 Total $340.2 $ 28.1 Others $ % Budget Summary Operating costs: $413.6 CIP Costs: $ 4.7 Includes Independent and Special purpose agencies such as: * Court Support * General Government * Voted Fire Districts * Other Voted Districts * Unified Personnel System * Business Technology Services * Risk Management MAJOR COUNTY SERVICES COST SUMMARY (Including Reserves) Public Safety Governmental Support Transportation Economic Environment Human Services Culture & Recreation $ % $ % $ % $ % $ % $ % $ % S O U R C E S ANTICIPATED COUNTY RESOURCES (Including Fund Balances) Intergovernmental (including State & Federal) Fees & Charges Other Revenues Property Taxes $133.1 $515.5 $285.0 $ % 22.9% 12.6% 22.1% Examples: Examples: Examples: Major Millages: * State Revenue Sharing * Grants * State Gas Taxes * Enterprise Charges * Government Charges * Miscellaneous Fees * Local Option Taxes * Judgments, Fines, and Forfeitures * Interest and Rents * County-wide * Municipal Services * Library Cooperative Designated Funds $ % Examples: * Pay as you go Reserves * Reserve Fund Balance Pinellas County, Florida B-5 FY18 Adopted Budget

6 PROPERTY TAX RATES AND REVENUE FY17 FY18 Taxable Ad Valorem Budgeted Taxable Ad Valorem Budgeted Tax Rate Value Calculated Revenue Tax Rate Value Calculated Revenue Countywide (Millage) of 1 95% (Millage) of 1 95% General Fund ,171, ,637, ,655, ,604, ,302, ,887,350 Special Revenue Health ,171,229 4,240,250 4,028, ,604,866 6,146,006 5,838,710 Emergency Medical Services ,801,884 58,429,765 55,508, ,956,926 63,150,753 59,993,220 Total B.C.C. Countywide n/a 422,307, ,191, n/a 457,599, ,719,280 Dependent MSTU Special Districts Municipal Service Taxing Unit ,640,978 34,708,089 32,972, ,737,484 36,995,070 35,145,320 Public Library Cooperative-MSTU ,120,893 5,060,447 4,807, ,829,848 5,414,924 5,144,180 Palm Harbor Rec. & Library Dst ,917,519 1,958,760 1,860, ,181,323 2,090,662 1,986,130 Feather Sound Community Svcs Dst , , , , , ,560 East Lake Library Svcs District ,697, , , ,818, , ,380 East Lake Recreation Svcs District ,697, , , ,818, , ,380 Fire Protection Districts Belleair Bluffs , , , , , ,570 Clearwater ,013,165 3,251,448 3,088, ,093,200 3,508,296 3,332,890 Dunedin , , , ,550 1,047, ,370 Gandy , , , , , ,210 High Point ,115 2,005,478 1,905, ,357 2,104,913 1,999,670 Largo ,265 2,105,434 2,000, ,394 2,223,406 2,112,240 Pinellas Park , , , , , ,690 Safety Harbor , , , , , ,940 Seminole ,616,015 5,122,420 4,866, ,813,053 5,508,239 5,232,830 South Pasadena , , , , , ,060 Tarpon Springs , , , , , ,080 Tierra Verde ,901 1,689,841 1,605, ,447 1,765,446 1,677,180 Property taxes, also known as, Ad Valorem (according to value) taxes, are assessed on real property and on tangible personal (business) property. The tax rate is expressed in mills. One mill is one dollar of taxes for each thousand dollars of taxable value. For example, a tax rate of 5.9 mills on a taxable value of $100,000 yields $590 in taxes. The taxable values as of January 1 are established annually by the County Property Appraiser and certified for budget purposes in June. Final taxable values are certified following the appeal and adjustment process. The millage rate is approved annually by the Board of County Commissioners by resolution as part of the budget process. This process must follow the Truth in Millage (TRIM) law (Ch F.S.), regarding timing, advertisement, and conduct of public hearings. By Florida Law, local governments must budget at least 95% of the calculated revenue for property taxes. The difference from 100% allows for collection fees, discounts, and revenue that is not received during the fiscal year. Pinellas County, Florida B-6 FY18 Adopted Budget

7 SOURCES & USES FY18 Sources: $2,253,882,660 $498,021,160 Property Taxes 22.1% $515,497,360 Fees & Charges 22.9% $285,001,190 Other Revenues 12.6% $133,145,660 Intergovernmental 5.9% $822,217,290 Designated Funds 36.5% FY18 Uses: $2,253,882,660 $658,762,730 Physical Environment 29.2% $551,518,650 Public Safety 24.5% $234,333,740 Transportation 10.4% $523,486,860 Governmental Support 23.2% $47,548,200 Culture & Recreation 2.1% $164,290,420 Economic Environment 7.3% $73,942,060 Human Services 3.3% Pinellas County, Florida B-7 FY18 Adopted Budget

8 PINELLAS COUNTY SUMMARY OF BUDGETS - FISCAL YEAR 2018 General Special Debt Capital Internal County-wide Revenue Service Projects Enterprise Service TOTAL DESCRIPTION & MSTU Fund Funds Funds Funds Funds Funds SOURCES Ad Valorem Taxes * 405,287,670 92,733, ,021,160 Sales and Use Taxes 8,660,760 73,741, ,804, ,207,330 Licenses and Permits 1,554,620 28,008, , ,706,590 Intergovernmental Revenue 76,690,790 28,768, ,686, ,145,660 Charges for Services 50,248,630 54,940, ,027, ,168, ,384,770 Fines & Forfeitures 1,325, , ,931,770 Miscellaneous Revenue 32,198,390 17,353, ,829,270 16,307,270 1,239,260 68,927,830 Internal Service Charges RECEIPTS (@ 95%) 575,966, ,152, ,320, ,478, ,407,410 1,413,325,110 Transfers In 0 4,081, ,285,740 88,116,990 2,000, ,484,230 Debt Proceeds Nonoperating Sources ,340, ,340,260 Balances Brought Forward 109,131, ,480, ,282, ,483, ,840, ,217,290 TOTAL 685,097, ,714, ,888, ,418, ,247,610 2,359,366,890 * Including Delinquent Taxes & Redemptions APPROPRIATIONS General Government 151,575,210 4,353, ,871,000 14,629, ,334, ,763,480 Public Safety 320,554, ,380, ,895, ,829,920 Physical Environment 10,924,510 25,355, ,968, ,343, ,591,850 Transportation 17,350 34,004, ,170,690 41,082, ,275,640 Economic Environment 22,326,140 89,971, ,074, ,371,510 Human Services 64,652,900 8,749, ,402,840 Culture/Recreation 19,443,170 8,650, ,128, ,221,460 Transfers Out 8,793,990 6,397, ,226,230 89,066, ,484,230 Reserves 86,809, ,851, ,554, ,296,380 87,913, ,425,960 TOTAL 685,097, ,714, ,888, ,418, ,247,610 2,359,366,890 Total of All Budgets 2,359,366,890 Less Transfers (105,484,230) Total of All Budgets Net of Transfers 2,253,882,660 Pinellas County, Florida B-8 FY18 Adopted Budget

9 APPROPRIATIONS BY FUNCTION & ACTIVITY FY17 FY18 Change +/- % Budget Request Court-Related Expenditures Court Administration - Circuit Juvenile 444, ,970 10,850 Court Administration - Probate 135, , ,910 Courthouse Facilities 5,650,000 4,670,000 (980,000) Drug Court-Circuit Criminal 675, ,000 0 Guardian Ad Litem-Circuit Juvenile 38,350 38,350 0 Information Systems 9,350,500 7,538,620 (1,811,880) Legal Aid 360, ,690 25,920 Pre-Filing Alternative Dispute Resolution Programs 678, ,460 17,170 Public Defender Administration 858,060 1,051, ,660 Public Law Library 258, ,150 4,840 Trial Court Law Clerks/Legal Support 997, ,270 (215,490) Total Court-Related Expenditures 19,446,960 16,913,940 (2,533,020) (13.0%) Culture/Recreation Cultural Services 552, ,350 19,230 Libraries 6,522,200 6,937, ,020 Parks and Recreation 35,541,900 40,027,790 4,485,890 Special Recreation Facilities 21,730 11,840 (9,890) Total Culture/Recreation 42,637,950 47,548,200 4,910, % Economic Environment Employment Opportunity and Development 782, ,440 (10) Housing and Urban Development 42,740,970 46,655,830 3,914,860 Industry Development 80,168, ,789,580 31,621,030 Other Economic Environment 6,756,000 4,372,000 (2,384,000) Veteran s Services 639, ,570 51,020 Total Economic Environment 131,087, ,290,420 33,202, % General Government Comprehensive Planning 5,115,070 5,696, ,650 Debt Service Payments 14,897,750 15,216, ,230 Executive 1,497,850 1,561,940 64,090 Financial and Administrative 65,864,440 69,526,010 3,661,570 Legal Counsel 4,648,720 5,103, ,310 Legislative 83,855,220 88,680,340 4,825,120 Non-Court Information Systems 53,708,600 64,152,770 10,444,170 Other General Governmental Services 236,942, ,635,130 19,692,360 Total General Government 466,530, ,572,920 40,042, % Human Services Health Services 53,799,680 53,857,240 57,560 Mental Health Services 3,072,800 5,435,000 2,362,200 Other Human Services 7,404,270 5,364,370 (2,039,900) Public Assistance Services 9,495,440 9,285,450 (209,990) Total Human Services 73,772,190 73,942, , % Pinellas County, Florida B-9 FY18 Adopted Budget

10 APPROPRIATIONS BY FUNCTION & ACTIVITY FY17 FY18 Change +/- % Budget Request Physical Environment Conservation and Resource Management 28,920,400 39,185,260 10,264,860 Flood Control/Stormwater Management 40,510,490 47,049,040 6,538,550 Garbage/Solid Waste Control Services 285,964, ,962,530 (2,002,020) Sewer/Wastewater Services 125,508, ,764,760 5,256,710 Water Utility Services 150,892, ,801,140 6,908,630 Total Physical Environment 631,796, ,762,730 26,966, % Public Safety Ambulance and Rescue Services 140,091, ,444,540 6,352,650 Consumer Affairs 1,133,920 1,171,310 37,390 Detention and/or Correction 47,233,810 32,662,000 (14,571,810) Emergency and Disaster Relief Services 21,868,630 22,609, ,560 Fire Control 28,377,000 32,129,170 3,752,170 Law Enforcement 287,169, ,159,500 3,990,000 Medical Examiners 6,052,760 6,482, ,630 Other Public Safety 9,485,470 5,095,630 (4,389,840) Protective Inspections 13,024,480 13,764, ,440 Total Public Safety 554,437, ,518,650 (2,918,810) (0.5%) Transportation Airports 70,735,830 63,923,180 (6,812,650) Road and Street Facilities 197,464, ,410,560 (27,053,470) Total Transportation 268,199, ,333,740 (33,866,120) (12.6%) Total all Functions & Activities 2,187,908,360 2,253,882,660 65,974, % Pinellas County, Florida B-10 FY18 Adopted Budget

11 Board of County Commissioners OPERATING BUDGET COMPARISON FY17 FY18 Change Request Board of County Commissioners 1,808,800 1,870,410 61, % County Attorney 4,648,720 5,103, , % County Administrator - Governmental County Administrator 2,048,800 1,816,890 (231,910) Animal Services 5,695,150 5,755,850 60,700 Building Services 10,889,090 11,596, ,690 Convention & Visitors Bureau 70,080, ,730,930 31,650,760 Development Review Services 4,591,040 4,910, ,190 Economic Development 3,043,230 3,107,580 64,350 Emergency Management 1,319,100 1,356,290 37,190 Human Services 68,618,810 68,819, ,410 Management and Budget 4,173,080 4,306, ,970 Marketing & Communications 2,925,450 2,900,810 (24,640) Parks and Conservation Resources 23,049,290 24,349,800 1,300,510 Planning 26,768,430 29,495,120 2,726,690 Public Works 98,632, ,607,860 5,975,200 Purchasing 1,726,870 1,898, ,200 Real Estate Management 61,762,680 65,164,240 3,401,560 Safety & Emergency Services 162,969, ,564,410 7,595,400 Risk Financing Administration 10,025,810 10,276, ,350 Total County Administrator Governmental 558,318, ,656,290 54,337, % County Administrator - Enterprise Airport 44,916,420 35,851,980 (9,064,440) Sewer System 75,841,260 86,372,330 10,531,070 Solid Waste Management 142,541, ,640,020 30,099,020 Water System 92,429,570 96,402,200 3,972,630 Total County Administrator - Enterprise 355,728, ,266,530 35,538, % Total County Administrator 914,046,920 1,003,922,820 89,875, % Total Board of County Commissioners 920,504,440 1,010,896,260 90,391, % Pinellas County, Florida B-11 FY18 Adopted Budget

12 OPERATING BUDGET COMPARISON FY17 FY18 Change Request Constitutional Officers Clerk of the Circuit Court 10,946,630 11,907, ,720 Property Appraiser 10,598,110 10,981, ,180 Sheriff 283,310, ,120,540 5,809,760 Supervisor of Elections 6,613,410 7,523, ,100 Tax Collector 19,180,120 20,673,200 1,493,080 Total Constitutional Officers 330,649, ,205,890 9,556, % Other Court Support Services Criminal Justice Information System 5,402,740 4,541,990 (860,750) Judiciary (including Law Libraries) 4,146,470 4,227,050 80,580 Public Defender 1,225,000 1,200,020 (24,980) State Attorney 264, ,340 (38,170) Total Court Support Services 11,038,720 10,195,400 (843,320) (7.6%) Independent Agencies Business Technology Services 44,336,130 50,642,070 6,305,940 Human Resources 4,092,310 4,404, ,190 Human Rights, Office of 1,113,080 1,168,280 55,200 Total Independent Agencies 49,541,520 56,214,850 6,673, % Support Funding Drug Abuse Trust 109, ,960 7,020 East Lake Library Services District 691, ,830 26,840 East Lake Recreation Services District 690, ,750 28,050 Employee Health Benefits 116,971, ,640,350 8,668,930 Feather Sound Community Services District 326, ,270 (17,790) Fire Protection Districts 28,043,010 31,693,770 3,650,760 General Government 124,819, ,341,760 5,522,170 Health Department 4,402,110 6,147,110 1,745,000 Lealman CRA Trust 360, , ,900 Lealman Solid Waste Collection and Disposal 1,663,320 1,754,970 91,650 Medical Examiner 5,877,520 6,390, ,040 Palm Harbor Community Services District 2,004,330 2,137, ,690 Public Library Cooperative 5,023,200 5,356, ,120 Risk Financing Liability/Workers Compensation 37,520,420 33,941,960 (3,578,460) Street Lighting Districts 1,374,680 1,380,520 5,840 Total Support Funding 329,878, ,272,700 17,393, % Total Other 390,459, ,682,950 23,223, % TOTAL OPERATING BUDGET 1,641,612,670 1,764,785, ,172, % Pinellas County, Florida B-12 FY18 Adopted Budget

13 CAPITAL BUDGET COMPARISON FY17 FY18 Change +/- Request Board of County Commissioners County Administrator - Governmental Physical Environment 31,526,800 46,843,370 15,316,570 Culture & Recreation 12,075,900 12,523, ,750 Economic Environment 1,300, ,000 (830,000) General Government 6,649,250 18,201,000 11,551,750 Human Services 7,000,000 6,074,300 (925,700) Public Safety 6,189, ,000 (5,354,400) Transportation 97,842,530 84,770,190 (13,072,340) Reserves 44,239,290 28,554,710 (15,684,580) Other Non Project Items 0 9,900 9,900 Total County Administrator - Governmental 206,823, ,282,120 (8,541,050) (4.1%) County Administrator - Enterprise Airport 25,763,600 28,071,200 2,307,600 Solid Waste Management 141,727, ,593,540 (32,133,880) Water System 58,394,010 61,398,940 3,004,930 Sewer System 63,937,490 59,021,760 (4,915,730) Total County Administrator - Enterprise 289,822, ,085,440 (31,737,080) (11.0%) Total Board of County Commissioners 496,645, ,367,560 (40,278,130) (8.1%) Courts & Jail Courts & Jail - General Government Services 5,650,000 4,670,000 (980,000) Courts & Jail - Public Safety 44,000,000 28,060,000 (15,940,000) Total Courts & Jail 49,650,000 32,730,000 (16,920,000) (34.1%) TOTAL CAPITAL 546,295, ,097,560 (57,198,130) (10.5%) OPERATING & CAPITAL SUMMARY FY17 FY18 Change +/- Request Board of County Commissioners - Governmental 771,599, ,911,850 46,312, % Board of County Commissioners - Enterprise 645,550, ,351,970 3,801, % Constitutional Officers * 374,649, ,265,890 (6,383,160) (1.7%) Court Support Services * 16,688,720 14,865,400 (1,823,320) (10.9%) Independent Agencies 49,541,520 56,214,850 6,673, % Support Funding 329,878, ,272,700 17,393, % TOTAL OPERATING & CAPITAL 2,187,908,360 2,253,882,660 65,974, % * Constitutional Officers includes Courts & Jail (Public Safety) capital. Court Support includes Courts & Jail (General Government Services) capital. Pinellas County, Florida B-13 FY18 Adopted Budget

14 OPERATING AND CAPITAL $700.0 $600.0 Operating Budget Comparison (shown in millions) $619.6 $564.8 FY17 FY18 $ ,373,700 $400.0 $391.3 $355.7 $330.6 $340.2 $329.9 $347.3 $300.0 $200.0 $100.0 $- $11.0 $10.2 $49.5 $56.2 Bd of County Commission Governmental Bd of County Commission Enterprise Constitutional Officers Court Support Services Independent Agencies Support Funding FY18 Capital 258,085,440.0 Projects (shown in millions) General Government $18.2 Public Safety $0.8 Transportation $84.8 Culture & Recreation $12.5 Other $6.6 Physical Environment $46.8 Courts & Jail $32.7 Reserves $28.6 Note: "Other" includes Economic Environment. Enterprise $258.1 Pinellas County, Florida B-14 FY18 Adopted Budget

15 Pinellas County Resources and Balances Title FY17 Budget FY18 Budget Change +/- % Taxes Ad Valorem Taxes 461,117, ,021,160 36,903, % Communication Svcs 9,800,000 8,660,760 (1,139,240) (11.6)% Sales,Use&Fuel Taxes 158,484, ,546,570 9,061, % Taxes Total 629,402, ,228,490 44,826, % License and Permits Licenses 62,920 62, Permits,Fees,Spec Assessments 28,572,110 29,643,670 1,071, % License and Permits Total 28,635,030 29,706,590 1,071, % Intergovernmental Revenue Federal Grants 33,835,030 19,827,310 (14,007,720) (41.4)% Grants from Local Governments 5,309,240 4,157,500 (1,151,740) (21.7)% Shared Revenue-Local 608, ,200 15, % State Grants 26,554,070 25,781,960 (772,110) (2.9)% State Share Revenue 83,351,190 82,755,690 (595,500) (0.7)% Intergovernmental Revenue Total 149,657, ,145,660 (16,511,870) (11.0)% Charges for Services Charges for Svc-Gen Govt 1,432,600 2,831,750 1,399, % Chg for Svc-Culture/Recreation 5,202,280 5,585, , % Chg for Svc-Economic Environment 42,750 42, Chg for Svc-Gen Govt 599, ,790 69, % Chg for Svc-Human Svc 2,874,800 2,748,900 (125,900) (4.4)% Chg for Svc-Other 10,534,180 12,706,270 2,172, % Chg for Svc-Physical Environment 249,098, ,703,210 9,604, % Chg for Svc-Public Safety 83,362,500 85,505,840 2,143, % Chg for Svc-Transportation 3,834,670 3,480,970 (353,700) (9.2)% Court Related Revenue 4,012,730 4,129, , % Internal Svc Chgs 118,767, ,981,210 10,214, % Charges for Services Total 479,761, ,384,770 25,622, % Excess Fees - Constitutional Officers County Officer Fees 9,247,220 10,112, , % Excess Fees - Constitutional Officers Total 9,247,220 10,112, , % Fines and Forfeitures Judgements and Fines 1,544,410 1,931, , % Fines and Forfeitures Total 1,544,410 1,931, , % Interest Earnings Interest & Other Earnings 4,137,740 11,598,700 7,460, % Interest Earnings Total 4,137,740 11,598,700 7,460, % Pinellas County, Florida B-15 FY18 Adopted Budget

16 Title Rents, Surplus and Refunds Pinellas County Resources and Balances FY17 Budget FY18 Budget Change +/- % Contributions-Private Sources 152,000 2,813,990 2,661,990 1,751.3% Rents & Royalties 16,770,990 14,950,530 (1,820,460) (10.9)% Sale & Disp of Assets 12,120, ,900 (11,567,920) (95.4)% Sales of Surplus Materials 1,741, ,660 (1,133,610) (65.1)% Rents, Surplus and Refunds Total 30,785,080 18,925,080 (11,860,000) (38.5)% Other Misc. Revenue Other Miscellaneous Revenues 28,160,820 28,291, , % Other Misc. Revenue Total 28,160,820 28,291, , % Non-Operating Revenue Capital Contribution-Federal 0 9,451,600 9,451,600 0 Capital Contribution-Other 3,941,120 3,800,000 (141,120) (3.6)% Capital Contribution-Private 3,380,100 3,258,500 (121,600) (3.6)% Capital Contribution-State 0 1,735,600 1,735,600 0 Grants&Donations-Federal 87,600 94,560 6, % Non-Operating Revenue Total 7,408,820 18,340,260 10,931, % Beginning Fund Balance O FB-Unrsv-Cntywide-Beg 680,753, ,526,400 1,773, % O FB-Unrsv-Mstu-Beg 172, ,590 1, % O Fund Balance-Restricted 24,865,070 29,087,720 4,222, % O Fund Balance-Committed 591,800 1,298, , % O Fund Balance-Assigned 6,756,460 0 (6,756,460) (100.0)% O Fund Balance-Unassigned 106,028, ,131,440 3,102, % Beginning Fund Balance Total 819,167, ,217,290 3,049, % Report Total 2,187,908,360 2,253,882,660 65,974, % Pinellas County, Florida B-16 FY18 Adopted Budget

17 Total Fund Budgets FUND FY17 Budget FY18 Request Change +/- % GENERAL FUND 662,302, ,097,670 22,795, % SPECIAL REVENUE FUNDS County Transportation Trust 59,331,970 64,012,960 4,680, % Health Department 4,402,110 6,147,110 1,745, % Pinellas County Health Program 3,174,960 2,696,300 (478,660) (15.1)% Emergency Medical Service 141,738, ,243,470 6,504, % Community Development Grant 15,167,310 15,553, , % State Housing Initiatives Partnership (SHIP) 8,431,410 9,650,710 1,219, % Gifts for Animal Welfare Trust 513, ,910 (6,660) (1.3)% Tree Bank 128, ,790 (12,570) (9.8)% Public Library Cooperative 5,023,200 5,356, , % School Crossing Guard Trust 101, , % Intergovernmental Radio Communication 728, ,730 33, % STAR Center 8,234,320 8,171,820 (62,500) (0.8)% Emergency Communications 911 System 12,351,610 11,908,690 (442,920) (3.6)% Community Housing Trust 729,830 1,378, , % Building Services 10,995,330 11,745, , % Tourist Development Tax 74,060, ,390,440 32,329, % Fire Districts 28,043,010 31,693,770 3,650, % Air Quality - Tag Fee 2,027,670 2,185, , % Palm Harbor Community Services District 2,004,330 2,137, , % Feather Sound Community Services District 326, ,270 (17,790) (5.5)% East Lake Library Services District 691, ,830 26, % East Lake Recreation Services District 690, ,750 28, % Drug Abuse Trust 109, ,960 7, % Lealman Community Redevelopment Agency Trust 360, , , % Street Lighting District 1,374,680 1,380,520 5, % Lealman Solid Waste Collection & Disposal District 1,663,320 1,754,970 91, % Surface Water Utility Fund 28,696,530 29,333, , % Special Assessment - Drainage 10,370 0 (10,370) (100.0)% Subtotal 411,112, ,714,300 52,601, % Pinellas County, Florida B-17 FY18 Adopted Budget

18 Total Fund Budgets FUND FY17 Budget FY18 Request Change +/- % CAPITAL IMPROVEMENT FUNDS Capital Projects 258,159, ,652,220 (30,507,650) (11.8)% Transportation Impact Fee 3,600,020 0 (3,600,020) (100.0)% Multimodal Impact Fees 0 1,236,130 1,236,130 0 Subtotal 261,759, ,888,350 (32,871,540) (12.6)% INTERNAL SERVICE FUNDS Business Technology Services 44,336,130 50,642,070 6,305, % Fleet Management 21,637,710 22,747,070 1,109, % Risk Financing 47,546,230 44,218,120 (3,328,110) (7.0)% Employee Health Benefits 116,971, ,640,350 8,668, % Subtotal 230,491, ,247,610 12,756, % ENTERPRISE FUNDS Airport Funds 71,135,830 64,873,180 (6,262,650) (8.8)% Water Funds 173,059, ,966,680 6,906, % Sewer Funds 172,149, ,345,540 9,195, % Solid Waste Funds 314,324, ,233,560 (2,090,670) (0.7)% Subtotal 730,669, ,418,960 7,749, % Total Budget All Funds 2,296,335,610 2,359,366,890 63,031, % less Budgeted Transfers (108,427,250) (105,484,230) 2,943,020 (2.7)% TOTAL NET BUDGET FOR ALL FUNDS 2,187,908,360 2,253,882,660 65,974, % Pinellas County, Florida B-18 FY18 Adopted Budget

19 FY18 DEPARTMENT / AGENCY BUDGETS: BY FUND TYPES Department / Agency General Fund Special Revenue Funds Enterprise / Other Funds Internal Service Funds Total Board of County Commissioners Board of County Commissioners (Section C) Board of County Commissioners 1,870, ,870,410 County Attorney 5,103, ,103,030 Total 6,973, ,973,440 County Administrator Departments (Section D) County Administrator 1,561, , ,816,890 Airport ,873, ,873,180 Animal Services 5,248, , ,755,850 Building Services 0 11,634, ,634,290 Convention & Visitors Bureau 0 106,390, ,390,440 Development Review Services 4,910, ,910,230 Economic Development 3,107, ,107,580 Emergency Management 1,356, ,356,290 Human Services 66,122,920 2,696, ,819,220 Marketing and Communications 2,900, ,900,810 Office of Management & Budget 4,306, ,306,050 Parks & Conservation Resources 22,048,620 2,301, ,349,800 Planning 3,292,690 26,582, ,875,120 Public Works 15,461,610 93,346, ,807,860 Purchasing 1,898, ,898,070 Real Estate Management 34,715,350 8,171, ,747,070 65,634,240 Risk Management Administration ,276,160 10,276,160 Safety and Emergency Services 9,794, ,769, ,564,410 Solid Waste ,853, ,853,810 Utilities ,693, ,693,940 Utilities and Solid Waste Capital ,998, ,998,030 Total 176,725, ,654, ,418,960 33,023,230 1,360,822,270 Constitutional Officers (Section E) Clerk of the Circuit Court and Comptroller 11,907, ,907,350 Property Appraiser 10,981, ,981,290 Sheriff 289,018, , ,120,540 Supervisor of Elections 7,523, ,523,510 Tax Collector 20,673, ,673,200 Total 340,104, , ,205,890 Pinellas County, Florida B-19 FY18 Adopted Budget

20 FY18 DEPARTMENT / AGENCY BUDGETS: BY FUND TYPES Department / Agency General Fund Special Revenue Funds Enterprise / Other Funds Internal Service Funds Total Other Departments and Agencies Court Support Services (Section F) Consolidated Case Management System 4,541, ,541,990 Judiciary 4,227, ,227,050 Public Defender 1,200, ,200,020 State Attorney 226, ,340 Total 10,195, ,195,400 Independent Agencies (Section G) Business Technology Services ,642,070 50,642,070 Human Resources 4,404, ,404,500 Office of Human Rights 1,168, ,168,280 Total 5,572, ,642,070 56,214,850 Support Funding (Section H) Drug Abuse Trust 0 116, ,960 East Lake Library District 0 718, ,830 East Lake Recreation District 0 718, ,750 Employee Health Benefits ,640, ,640,350 Feather Sound Community Services District 0 308, ,270 Fire Protection Districts 0 31,693, ,693,770 General Government 139,135, ,135,750 Health Department 0 6,147, ,147,110 Lealman CRA Trust 0 625, ,550 Lealman Solid Waste 0 1,754, ,754,970 Medical Examiner 6,390, ,390,560 Palm Harbor Community Services District 0 2,137, ,137,020 Public Library Cooperative 0 5,356, ,356,320 Risk Management Liability / Workers Compensation ,941,960 33,941,960 Street Lighting Districts 0 1,380, ,380,520 Total 145,526,310 50,958, ,582, ,066,690 Governmental Capital (Section I) ,888, ,888,350 Grand Total 685,097, ,714, ,307, ,247,610 2,359,366,890 Pinellas County, Florida B-20 FY18 Adopted Budget

21 PINELLAS COUNTY - GOVERNMENTAL FUNDS CHANGES IN FUND BALANCE - BUDGET FY18 Major Governmental Funds General Fund Capital (0001) Projects Fund (3001) Other Non-Major Governmental Funds Total Governmental Funds Total Revenues & Other Sources 575,966, ,606, ,234,180 1,010,806,450 Total Expenditures & Other Uses 598,287, ,097, ,098,940 1,133,484,190 Revenues & Other Sources over (under) Expenditures & Other Uses (22,321,510) (64,491,470) (35,864,760) (122,677,740) Beginning Fund Balance - October 1, ,131,440 93,046, ,716, ,893,870 Ending Fund Balance - September 30, ,809,930 28,554, ,851, ,216,130 Increase (decline) % vs Beginning Fund Balance -20.5% -69.3% -21.8% -33.4% (a) (b) (c) Notes: Per Florida Statutes (2)(a), ad valorem revenues are budgeted based on 95% of taxable value. Per Florida Statutes (b), other revenues are budgeted at 95% of estimate. Ending Fund Balances are reflected as "reserves" in individual fund summaries. Constitutional Officers' Operating Funds, included in CAFR summaries, are not appropriated BCC Funds. EXPLANATION OF VARIANCES: a) The budgeted General Fund balance decrease reflects revenue assumptions as noted above. The anticipated actual decrease in reserves is approximately $22.3M, or 20.5%, due to non-recurring expenditures. The remaining fund balance is expected to exceed the policy target of 15% of total revenues. Recurring revenues are projected to balance with recurring expenditures (see General Fund forecast in the Budget Message). b) The Capital Projects Fund budget reflects revenue budgeted at 95% of estimate. The actual ending fund balance is expected to be approximately $64.5M lower than the beginning fund balance due to timing of nonrecurring project expenditures supported by funds accumulated in prior fiscal years. c) Other Governmental Funds reflect revenue assumptions as noted above. The overall budgeted reduction in fund balance is $35.9M. This is mainly attributed to the declines of: $11.3M in the Community Development and SHIP Funds, which appropriate all anticipated resources; $6.9M in the Emergency Medical Services Fund for increases in recurring contracts; and $3.8M in the Transportation Trust Fund to spend down accumulated fund balance over the next several years. The Building Services Fund balance is budgeted to decrease by $3.0M for costs associated with the new Accela software. Additionally, the Tourist Development Tax fund balance is decreasing by $4.5M due to increases in marketing and beach re-nourishment expenditures, and the Surface Water fund balance is decreasing $2.9M to support additional resources for drainage and pipe maintenance. The projected ending balances for all funds will be within acceptable policy limits. Pinellas County, Florida B-21 FY18 Adopted Budget

22 SCHEDULE OF BUDGET TRANSFERS FY17 FY18 TO FROM BUDGET REQUEST General Fund Airport Revenue & Operating 400,000 0 General Fund Special Assessment - Drainage 10,370 0 General Fund Capital Projects 5,000,000 0 Subtotal 5,410,370 0 Community Development General Fund 739, ,120 Tree Bank General Fund 0 68,370 Tree Bank Building Services 0 37,510 Subtotal 0 105,880 Emergency Communications 911 System General Fund 2,900,000 3,736,500 Lealman Community Redevelopment Trust General Fund 100,000 0 Capital Projects General Fund 2,650,000 2,750,000 Capital Projects Tourist Development Tax 3,980,290 4,659,510 Capital Projects Airport Revenue & Operating 0 950,000 Capital Projects County Transportation Trust 1,598,610 1,700,000 Capital Projects Multimodal Impact Fees 0 1,226,230 Capital Projects Transportation Impact Fee 3,600,020 0 Subtotal 11,828,920 11,285,740 Solid Waste Renewal & Replacement Solid Waste Revenue & Operating 30,000,000 30,000,000 Water Renewal & Replacement Water Revenue & Operating 21,867,380 18,330,060 Water Renewal & Replacement Water Impact Fees 300, ,000 Subtotal 22,167,380 18,480,060 Sewer Revenue & Operating Water Revenue & Operating 0 3,685,480 Sewer Renewal & Replacement Sewer Revenue & Operating 18,021,340 21,322,120 Sewer Interest & Sinking Sewer Revenue & Operating 14,310,120 14,629,330 Subtotal 32,331,460 35,951,450 Business Technology Services Capital Projects 950,000 0 Employee Health Benefits General Fund 2,000,000 2,000,000 TOTAL ALL TRANSFERS 108,427, ,484,230 Pinellas County, Florida B-22 FY18 Adopted Budget

23 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY This exhibit is a summary of resources and requirements for Fiscal Years 2016 through The first table includes totals for all funds. The following four tables present the three funds or fund groups which represent 10% or more of the total budget, followed by a combined summary of all other funds. Under Actual FY2016 Requirements, "Reserves" represent ending fund balances, including year-end adjustments. This differs from the summaries in the Fund Resources section of this document, which show only actual expenditures in the FY2015 Requirements column. FY2017 and FY2018 Revenues are budgeted at 95% of estimated amounts per Florida Statutes. Ad valorem revenue is budgeted assuming a 95% collection rate per Florida Statutes; the actual collection rate has generally been 96% or greater. FY2017 is the Revised Budget as of May 31, RESOURCES TOTAL - ALL FUNDS FY16 Actual FY17 Budget FY18 Budget Beginning Fund Balance 858,269, ,167, ,217,290 REVENUE Charges for Services 476,493, ,761, ,384,770 Debt Proceeds 66, Fines and Forfeitures 2,260,873 1,544,410 1,931,770 Intergovernmental Revenue 112,943, ,657, ,145,660 Interest Earnings 6,594,906 4,137,740 11,598,700 Licenses and Permits 30,898,154 28,635,030 29,706,590 Other Misc Revenue 27,668,668 28,160,820 28,291,460 Non-Operating Revenue Sources 15,549,067 7,408,820 18,340,260 Rents, Surplus and Refunds 19,519,824 30,785,080 18,925,080 Transfers From Other Funds 98,540, ,427, ,484,230 Taxes 606,456, ,402, ,228,490 Excess Fees - Constitutional Officers 10,780,602 9,247,220 10,112,590 TOTAL REVENUE 1,407,772,644 1,477,168,190 1,537,149,600 TOTAL RESOURCES 2,266,041,823 2,296,335,610 2,359,366,890 Pinellas County, Florida B-23 FY18 Adopted Budget

24 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY TOTAL - ALL FUNDS FY16 Actual FY17 Budget FY18 Budget REQUIREMENTS EXPENDITURES Personal Services 223,172, ,728, ,028,310 Operating Expenses 406,482, ,864, ,144,940 Capital Outlay 151,318, ,239, ,671,550 Debt Service Exp 15,044,346 14,909,250 15,231,790 Grants and Aids 109,293, ,415, ,996,220 Transfers to Other Funds 98,495, ,427, ,484,230 Constitutional Officers Transfers 315,274, ,046, ,880,240 Pro Rate Clearing (491,004) (1,112,100) (496,350) TOTAL EXPENDITURES 1,318,590,873 1,692,518,960 1,747,940,930 RESERVES 0 603,816, ,425,960 TOTAL REQUIREMENTS 1,318,590,873 2,296,335,610 2,359,366,890 Reconciliation with Budget: Total All Funds 1,318,590,873 2,296,335,610 2,359,366,890 less Transfers (98,495,465) (108,427,250) (105,484,230) Total All Funds Net of Transfers 1,220,095,408 2,187,908,360 2,253,882,660 Pinellas County, Florida B-24 FY18 Adopted Budget

25 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY The General Fund accounts for all financial transactions except those required to be accounted for in other funds. The fund's resources, ad valorem taxes, and other revenues provide services or benefits to all residents of Pinellas County as well as specific revenues and expenditures for the unincorporated area also known as the Countywide Municipal Services Taxing Unit (MSTU). General Funds FY16 Actual FY17 Budget FY18 Budget RESOURCES Beginning Fund Balance 127,178, ,785, ,131,440 REVENUE Charges for Services 49,231,464 48,372,750 50,248,630 Fines and Forfeitures 1,649, ,000 1,325,370 Intergovernmental Revenue 70,812,323 78,119,160 76,690,790 Interest Earnings 1,151, ,220 2,315,000 Licenses and Permits 1,500,039 1,247,340 1,554,620 Other Misc Revenue 19,057,750 18,214,220 19,015,280 Rents, Surplus and Refunds 1,880,048 1,481,020 1,524,900 Transfers From Other Funds 2,801,125 5,410,370 0 Taxes 366,025, ,241, ,948,430 Excess Fees - Constitutional Officers 10,125,144 8,621,070 9,343,210 TOTAL REVENUE 524,234, ,517, ,966,230 TOTAL RESOURCES 651,413, ,302, ,097,670 REQUIREMENTS EXPENDITURES Personal Services 72,650,688 81,482,280 86,124,120 Operating Expenses 114,065, ,833, ,293,890 Capital Outlay 2,034,442 4,649,290 4,695,830 Grants and Aids 20,616,973 28,353,840 27,275,800 Transfers to Other Funds 5,839,120 8,389,120 8,793,990 Constitutional Officers Transfers 312,072, ,547, ,104,110 TOTAL EXPENDITURES 527,279, ,255, ,287,740 RESERVES 0 82,046,420 86,809,930 TOTAL REQUIREMENTS 527,279, ,302, ,097,670 Pinellas County, Florida B-25 FY18 Adopted Budget

26 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY These are Enterprise Funds that are financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. These funds account for operations and capital projects for the Utilities (Water and Sewer) and Solid Waste departments. Utilities and Solid Waste Funds FY16 Actual FY17 Budget FY18 Budget RESOURCES Beginning Fund Balance 382,563, ,290, ,691,170 REVENUE Charges for Services 254,705, ,845, ,546,220 Debt Proceeds 66, Interest Earnings 2,630,434 1,616,070 5,291,340 Licenses and Permits 185, , ,460 Other Misc Revenue 359, , ,200 Non-Operating Revenue Sources 1,883,534 1,100,100 1,548,500 Rents, Surplus and Refunds 2,743,626 1,923, ,900 Transfers From Other Funds 83,060,410 84,498,840 88,116,990 TOTAL REVENUE 345,635, ,243, ,854,610 TOTAL RESOURCES 728,198, ,533, ,545,780 REQUIREMENTS EXPENDITURES Personal Services 31,629,227 37,790,870 40,111,090 Operating Expenses 136,210, ,734, ,682,570 Capital Outlay 67,043, ,865, ,038,860 Debt Service Exp 14,382,090 14,321,100 14,640,330 Grants and Aids 498, , ,000 Transfers to Other Funds 83,060,410 84,498,840 88,116,990 TOTAL EXPENDITURES 332,824, ,710, ,089,840 RESERVES 0 234,823, ,455,940 TOTAL REQUIREMENTS 332,824, ,533, ,545,780 Pinellas County, Florida B-26 FY18 Adopted Budget

27 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY Capital Project Funds account for revenues and expenditures related to the Capital Improvement Program (CIP) which is a plan for financing long-term work projects. Capital Funds FY16 Actual FY17 Budget FY18 Budget RESOURCES Beginning Fund Balance 105,084, ,982,260 94,282,310 REVENUE Charges for Services 1, Intergovernmental Revenue 19,118,747 23,539,900 27,686,130 Interest Earnings 874, , ,270 Licenses and Permits 2,140, Other Misc Revenue 2, , ,000 Transfers From Other Funds 6,839,890 11,828,920 11,285,740 Taxes 92,989,610 93,326,480 93,804,900 TOTAL REVENUE 121,967, ,777, ,606,040 TOTAL RESOURCES 227,051, ,759, ,888,350 REQUIREMENTS EXPENDITURES Personal Services Operating Expenses 372, ,900 Capital Outlay 56,174, ,312, ,410,230 Grants and Aids 13,769,619 48,658,030 34,687,280 Transfers to Other Funds 1,585,640 9,550,020 1,226,230 TOTAL EXPENDITURES 71,901, ,520, ,333,640 RESERVES 0 44,239,290 28,554,710 TOTAL REQUIREMENTS 71,901, ,759, ,888,350 Pinellas County, Florida B-27 FY18 Adopted Budget

28 PINELLAS COUNTY THREE-YEAR FINANCIAL SUMMARY The table below includes all funds other than the General, Capital Projects, Utilities, and Solid Waste Funds. Other Funds FY16 Actual FY17 Budget FY18 Budget RESOURCES Beginning Fund Balance 243,442, ,109, ,112,370 REVENUE Charges for Services 172,554, ,543, ,589,920 Fines and Forfeitures 611, , ,400 Intergovernmental Revenue 23,012,348 47,998,470 28,768,740 Interest Earnings 1,938,711 1,091,730 3,113,090 Licenses and Permits 27,072,427 27,258,480 28,008,510 Other Misc Revenue 8,248,478 9,321,020 8,088,980 Non-Operating Revenue Sources 13,665,533 6,308,720 16,791,760 Rents, Surplus and Refunds 14,896,149 27,380,750 16,429,280 Transfers From Other Funds 5,839,120 6,689,120 6,081,500 Taxes 147,441, ,834, ,475,160 Excess Fees - Constitutional Officers 655, , ,380 TOTAL REVENUE 415,935, ,629, ,722,720 TOTAL RESOURCES 659,378, ,739, ,835,090 REQUIREMENTS EXPENDITURES Personal Services 118,892, ,455, ,793,100 Operating Expenses 155,834, ,296, ,158,580 Capital Outlay 26,066,393 47,412,210 47,526,630 Debt Service Exp 662, , ,460 Grants and Aids 74,408,867 96,903, ,533,140 Transfers to Other Funds 8,010,295 5,989,270 7,347,020 Constitutional Officers Transfers 3,202,158 3,498,610 3,776,130 Pro Rate Clearing (491,004) (1,112,100) (496,350) TOTAL EXPENDITURES 386,585, ,031, ,229,710 RESERVES 0 242,707, ,605,380 TOTAL REQUIREMENTS 386,585, ,739, ,835,090 Pinellas County, Florida B-28 FY18 Adopted Budget

29 LONG-TERM DEBT STRUCTURE FOR PINELLAS COUNTY Principal Pledge/ FY18 Description Purpose Outstanding Security Principal As of 10/01/18 GENERAL OBLIGATION BONDS No outstanding issues NON SELF-SUPPORTING REVENUE DEBT No outstanding issues SELF-SUPPORTING REVENUE DEBT $42,005,000 Sewer Revenue Bonds, Series 2008A Expansion of North and South County Reclaimed Water Systems and improvements to W.E. Dunn Water Reclamation Facility and South Cross Water Reclamation Facility $38,640,000 Sewer system revenues $465,000 $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B Refund a portion of outstanding Sewer Revenue Bonds, Series ,025,000 Sewer system revenues 4,025,000 $86,580,000 Sewer Revenue Bonds, Series 2003 Sewer system improvement projects and reclaimed water projects 5,215,000 Sewer system revenues 0 $59,510,000 Sewer Revenue Refunding Bonds, Series 2012 Refund a portion of outstanding Sewer Revenue Bonds, Series ,775,000 Sewer system revenues 2,635,000 $14,733,000 Sewer Revenue Refunding Note, Series 2016 Refund the outstanding Sewer Revenue Refunding Bonds, Series ,031,000 Sewer system revenues 1,736,000 SUBTOTAL SELF-SUPPORTING REVENUE DEBT $138,686,000 $8,861,000 TOTAL DEBT ISSUES $138,686,000 $8,861,000 Pinellas County, Florida B-29 FY18 Adopted Budget

30 DEBT SERVICE SUMMARY Pinellas County has historically assumed a "pay-as-you-go" philosophy in the funding of infrastructure. However, when circumstances have dictated that this is not a viable approach, the County has utilized the bond market to generate additional capital. Categories of Debt There are several categories of governmental debt: General obligation bonds are backed by the full faith and credit of the local government, and they are required to be approved by voter referenda. Revenues collected from the ad valorem taxes on real estate and other sources of general revenue are used to service the government's debt. Pinellas County has no general obligation bond issues outstanding at this time. Self-supporting revenue bonds and notes, unlike general obligation bonds, are financed by those directly benefiting from the capital improvement. Revenue obtained from the issuance of these bonds and notes is used to finance publicly owned facilities, such as water, sewer, and solid waste systems. Charges collected from the users of these facilities are used, in turn, to retire the bond and note obligations. In this respect, the capital project is selfsupporting. The debt service payments for the County s enterprise activities are budgeted in their respective funds. Non-self-supporting revenue bonds, which pledge specific sources of revenue other than ad valorem taxes, are used to fund non-enterprise infrastructure needs. Pinellas County has no bond issues supported from general revenues at this time. Debt Limitations The Florida Constitution (Article VII, Section 12) requires County bonds supported by ad valorem taxes to be approved by public referendum. Chapter 130 of the Florida Statutes defines the purposes for which County debt may be issued and also procedural restrictions. There are no statutory limitations on the amount of debt that may be issued in terms of total dollars, millage rates, or percentage of assessed values. Self-supporting revenue bonds are limited by the requirement to maintain adequate revenue streams to cover debt in ratios prescribed by the authorizing Bond Resolutions. Debt Capacity, Issuance, and Management Policies The County has established the following budget policies related to debt: Minimize debt service costs through the judicious use of available debt instruments, consistent with the desirability of maintaining stable current tax rates and distributing the costs of certain long-lived facilities among all users, present and future. Define appropriate uses for debt. Define the maximum amount of debt and debt service that should be outstanding at any one time (target financial ratios). Maintain a high credit rating while making attempts to strengthen credit rating; identify factors and strategies to address them. Consider investment in equipment, land or facilities, and other expenditure actions, in the present, to reduce or avoid costs in the future. Capital project proposals should include cost estimates that are as complete, reliable, and attainable as possible. Prior to undertaking a capital project, all ongoing Operating & Maintenance (O&M) costs should be identified and considered as part of the policy discussion. Pinellas County, Florida B-30 FY18 Adopted Budget

31 Summary of Existing and Anticipated Debt There are presently five outstanding debt issues for Pinellas County: the $86,580,000 Sewer Revenue Bonds, Series 2003; the $42,005,000 Sewer Revenue Bonds, Series 2008A; the $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B; the $59,510,000 Sewer Revenue Refunding Bonds, Series 2012; and the $14,733,000 Sewer Revenue Refunding Note, Series The Series 2008A, Series 2008B, and Series 2016 were issued as bank loans. Existing Debt: Current Self-Supporting (Enterprise) Revenue Bonds: $86,580,000 Sewer Revenue Bonds, Series 2003* These bonds were issued to finance certain capital improvements to the County s Sewer System, to fund the reserve fund requirement for the Series 2003 Bonds through the purchase of a debt service reserve fund surety bond, and to pay related costs and expenses in connection with the issuance of the Series 2003 Bonds. Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $42,005,000 Sewer Revenue Bonds, Series 2008A* These bonds were issued in the form of a bank loan to finance improvements at the South Cross and W.E. Dunn Facilities and various improvements to pump stations, force mains, and the collection systems; as well as the required deposit to the reserve fund; and to pay related costs and expenses in connection with the issuance of the Series 2008 Bonds. Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $32,700,000 Sewer Revenue Refunding Bonds, Series 2008B* These bonds were issued in the form of a bank loan to refund a portion of the County s outstanding Sewer Revenue and Revenue Refunding Bonds, Series Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $59,510,000 Sewer Revenue Refunding Bonds, Series 2012* These bonds were issued to advance refund a portion of the outstanding $86,580,000 Sewer Revenue Bonds, Series Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. $14,733,000 Sewer Revenue Refunding Note, Series 2016* This note was issued in the form of a bank loan to refund the outstanding principal amount of the County s Sewer Revenue Refunding Bonds, Series 2006, maturing on and after October 1, Payments of principal and interest are supported by the net revenues derived from the operation of the County s Sewer System. * Minimum annual debt service coverage of 115% is required by the Bond Resolution rate covenant. If net revenues together with Impact Fees are pledged and legally available to meet the Debt Service requirement, then 125% minimum annual debt service coverage is required. Anticipated Debt No new debt issues are included in the FY18 Budget. Pinellas County, Florida B-31 FY18 Adopted Budget

32 Self-Supporting (Enterprise) Revenue Bonds Requirements (in thousands) Debt Issue FY18 FY19 FY20 FY21 FY22 Final Fiscal Year of Debt Payments Sewer Revenue Bonds, Series 2003 Sewer Revenue Bonds, Series 2008A Sewer Revenue Refunding Bonds, Series 2008B Sewer Revenue Refunding Bonds, Series 2012 Sewer Revenue Refunding Note, Series 2016 Principal $ 0 $ 0 $ 0 $ 0 $ 0 Interest $ 261 $ 261 $ 261 $ 261 $ 261 Total $ 261 $ 261 $ 261 $ 261 $ 261 Principal $ 465 $ 485 $ 505 $ 525 $ 555 Interest $ 1,728 $ 1,707 $ 1,690 $ 1,663 $ 1,639 Total $ 2,193 $ 2,192 $ 2,195 $ 2,188 $ 2,194 Principal $ 4,025 $ 4,195 $ 4,375 $ 4,560 $ 4,750 Interest $ 1,377 $ 1,204 $ 1,026 $ 835 $ 639 Total $ 5,402 $ 5,399 $ 5,401 $ 5,395 $ 5,389 Principal $ 2,635 $ 2,740 $ 2,850 $ 2,990 $ 3,140 Interest $ 2,116 $ 2,011 $ 1,901 $ 1,759 $ 1,609 Total $ 4,751 $ 4,751 $ 4,751 $ 4,749 $ 4,749 Principal $ 1,736 $ 1,785 $ 1,824 $ 1,862 $ 1,898 Interest $ 287 $ 248 $ 209 $ 169 $ 128 Total $ 2,023 $ 2,033 $ 2,033 $ 2,031 $ 2,026 FY32 FY28 FY24 FY31 FY24 Pinellas County, Florida B-32 FY18 Adopted Budget

33 PERSONNEL POSITION COMPARISON* FY16 Budget FY17 Budget Incr/(Decr) FY18 vs FY17 FY18 Budget Board of County Commissioners Board of County Commissioners County Attorney County Administrator County Administrator (2.2) 10.5 Airport Animal Services (3.0) 57.0 Building Services Convention & Visitors Bureau Development Review Services Economic Development Emergency Management Human Services Marketing and Communications Office of Management & Budget (1.5) 36.0 Parks & Conservation Resources Planning Public Works Purchasing Real Estate Management (1.0) Risk Management Administration Safety and Emergency Services Solid Waste Utilities Utilities and Solid Waste Capital Total County Administrator 1, , ,054.6 Total Board of County Commissioners 1, , ,101.6 * Full-Time Equivalent Positions NOTE: Utilities and Solid Waste Capital represents the former Office of Engineering and Technical Support that was realigned in FY17 into Public Works and Utilities. Other variances include additions to the Safety and Emergency Services (9-1-1) and Public Works. Please see the department analyses in section D of this Proposed Budget document for additional details. Pinellas County, Florida B-33 FY18 Adopted Budget

34 PERSONNEL POSITION COMPARISON* FY16 Budget FY17 Budget Incr/(Decr) FY18 vs FY17 FY18 Budget Constitutional Officers Clerk of the Circuit Court and Comptroller Property Appraiser Sheriff 2, , ,353.0 Supervisor of Elections Tax Collector Total Constitutional Officers 2, , ,914.4 Other Court Support Judiciary Total Court Support Independent Agencies Business Technology Services Human Resources Office of Human Rights Employee Health Benefits Fire Protection Districts Medical Examiner Total Independent Agencies Total Other TOTAL POSITIONS 5, , ,275.0 PERSONNEL POSITION COMPARISON SUMMARY** FY16 Budget FY17 Budget Incr/ (Decr) FY18 vs FY17 FY18 Budget Board of County Commissioners 1, , ,101.6 Constitutional Officers 2, , ,914.4 Court Support Independent Agencies TOTAL POSITIONS 5, , ,275.0 **Full-Time Equivalent Positions except Sheriff (Full-Time Permanent Positions). Pinellas County, Florida B-34 FY18 Adopted Budget

35 ECONOMIC TRENDS & MAJOR REVENUES The following section briefly discusses the economic trends and major revenue statistics related to Pinellas County. For all of the graphics and charts relating to the County s taxable value, the data is presented on a budget year basis. Therefore, the data reflects actual activity occurring through December 31 of the preceding year. However, the 2018 County taxable value is the official 2017 Tax Year estimate from the Pinellas County Property Appraiser. All other data through 2016 is actual annual information. Population: Unincorporated and Incorporated: Pinellas County's estimated 2016 population of 954,569 reflects a 1.0% increase from the County s 2015 population estimate. In 2016, the County s total population has slowly recovered from its measured population loss between the 2000 and 2010 Census. During that 10 year period, Pinellas County was one of two Florida counties to lose population. The 2016 population estimate reflects a 4.1% increase, or 38,027 residents, from the 2010 Census low of 916,542. Total population remains relatively static. This trend relates to the County s land size, patterns in historic development and the predominate type of housing. Thousands Population: Unincorporated and Incorporated, ,200.0 UNINCORPORATED INCORPORATED 1,000 1, Sources: Bureau of Economic & Business Research, University of Florida Note: 2010 Figure based on the 2010 Census. - Pinellas County, Florida B-35 FY18 Adopted Budget

36 ECONOMIC TRENDS & MAJOR REVENUES The growth of unincorporated residents between 2015 and 2016 is 0.6%, or from 274,411 residents to 275,966. During the same period, the incorporated residents increased by 1.2%, from 670,560 residents to 678,603. The incorporated population as a percentage of the total County population over 10 years, has increased from 70.7% of the total in 2007 to 71.1% in This trend of increasing percentages of incorporated population, is a result of voluntary annexation of the unincorporated area; and the municipalities residential building activity that is shown in the subsequent chart: Housing Units Permitted. Number of Visitors - St. Petersburg/Clearwater Area: Tourism is a key indicator of the economic growth and strength of Pinellas County. The number of people visiting Pinellas County in 2016 totaled 6.3M, a 19.8% increase from the 2007 count of 5.3M. Over the same 10 year period the number of foreign visitors increased by 41.7%, from 1.2M to 1.7M; domestic visitors increased by 12.2%, from 4.1M to 4.6M. Tourism is strong. The County obtained Florida s High Tourism Impact designation in 2013, 2014 and again in Due to this designation, the County was allowed to levy an additional one percent tourism tax. The subsequent Tourist Development Tax chart shows the revenues collected from overnight stays in Pinellas County. Number of Visitors-St. Petersburg/Clearwater Area, Millions DOMESTIC FOREIGN Source: St. Petersburg/Clearwater Area Convention and Visitors Bureau Pinellas County, Florida B-36 FY18 Adopted Budget

37 ECONOMIC TRENDS & MAJOR REVENUES Unemployment Statistics: Starting in 2008 and during the Great Recession (12/2007-6/2009), Pinellas County s unemployment rate was higher than both the United States (US) and the State of Florida rates. The County s unemployment rate in 2009 was 10.8%, which was the highest rate in the decade. In 2012 the County s unemployment rate started to reflect its previous trend prior to the Great Recession, when the County s unemployment rate was less than either the State or the nation. In 2016, the County s unemployment rate of 4.4%, was lower than both Florida and the US at 4.9%). 12.0% 11.0% 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% Unemployment Statistics, Pinellas County United States Florida % 11.0% 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% Source: Florida Research & Economic Information Database Application Not seasonally adjusted. Pinellas County, Florida B-37 FY18 Adopted Budget

38 ECONOMIC TRENDS & MAJOR REVENUES Total Labor Force: The County s labor force declined between 2006 and 2009 with a low of 440,723 participating workers occurring in Since 2009, the County s labor force has increased modestly due to workers rejoining and/or new workers entering the labor force. In 2016, the County had the 6 th largest labor force in the State behind Miami-Dade, Broward, Palm Beach, Hillsborough and Orange counties. An increase of 2.5% or 11,847 workers joined the work force in Pinellas County - Total Labor Force, , , , , , , , , , , , , , , , , , , Source: Bureau of Labor Statistics Pinellas County, Florida B-38 FY18 Adopted Budget

39 ECONOMIC TRENDS & MAJOR REVENUES Housing Units Permitted: In 2016, the number of housing units permitted in Pinellas County totaled 2,327, a decrease of 20.9% from the 2015 total of 2,942. The majority of permitting activity in 2016 occurred in the incorporated area of the County, 90.3% of the total. In 2013, housing permitting was at its highest since the Great Recession (12/2007-6/2009). Housing unit permits precede construction and indicate the strength of a prominent industry with high employment. Permitting information could also indicate the level of new construction (square footage) added to future tax rolls. However, a decrease in housing unit permits can reflect the timing of the data collection, and not an omen of future industry trends. 3,000 Number of Housing Units Permitted, ,500 INCORPORATED UNINCORPORATED 2,826 2,697 2,000 1,500 1,337 2,102 1,000 1, Sources: Bureau of Economic and Business Research, University of Florida, Table Statistical Abstract; US Census Bureau, Building Permits Pinellas County, Florida B-39 FY18 Adopted Budget

40 ECONOMIC TRENDS & MAJOR REVENUES Taxable Value New Construction: The new construction taxable values include both residential and commercial construction that was added to the County s tax rolls. In 2018 (2017 Tax Year), newly completed square footage added $773.7M of new taxable value. The amount of taxable value from new construction is a 38.1% increase from last year s value, $560.1M. Only 1.1% of the total taxable value in the County is from new construction. Of the total new construction, $693.4M was added in the incorporated area (municipalities) and $80.3M in the unincorporated area. In the unincorporated area, the taxable value from new construction is an increase of 14.9% between 2017 and 2018, while the municipalities experienced an increase of 41.4%. Of the total taxable value in 2018 from new construction countywide, 89.6% occurred in the municipalities. Over the last ten years 85.8% of added taxable value from new construction occurred inside municipalities. The previous Housing Unit Permitting chart showed a similar trend. $1,200.0 Taxable Value: New Construction, in Millions $1, ,086.2 INCORPORATED UNINCORPORATED $800.0 $ $ $200.0 $ Sources: Pinellas County Property Appraiser, July 1, 2017 Pinellas County, Florida B-40 FY18 Adopted Budget

41 ECONOMIC TRENDS & MAJOR REVENUES Taxable Value - Countywide (includes new construction): In 2009, countywide taxable values were $73.1B. In the years following 2009, declining taxable values occurred. This decrease in taxable values during was due to several factors: the approval of the State s Constitution Amendment 1 increasing the Homestead Exemption in January 2008; the real estate environment; and new guidelines regarding short sales and foreclosures being used by the Property Appraiser. Countywide taxable values have slowly recovered from their low point of $54.4B in 2013, to $$43.6B for The estimated increase of 8.0% between 2017 and 2018, is the fifth year of taxable values rising since Taxable Value: Countywide Taxable (includes Values new construction) Billions $80.0 $70.0 $60.0 $50.0 $40.0 $ $20.0 $10.0 Source: Pinellas County Property Appraiser, July 1, 2014 $0.0 Source: Pinellas County Property Appraiser, July 1, 2017 Pinellas County, Florida B-41 FY18 Adopted Budget

42 ECONOMIC TRENDS & MAJOR REVENUES Countywide Collective Property Tax Collections and Collective Millage Rate: Starting in 2008, countywide property tax collections reflected the impact of the State s 2007 Property Tax Reform and the 2008 County millage rate reduction. The decrease in the 2009 collections primarily resulted from the approval of the State s Constitution Amendment 1 in January 2008, which allowed for an increased Homestead Exemption up to $50,000. Due to the aforementioned regulations and the impact of the Great Recession (12/2007-6/2009) on housing values, the decline in tax collections continued through In 2012, 2013, and 2014, the countywide millage was increased to partially counter this revenue decline that affected the County s ability to provide services. The 2018 property tax collections are projected to be 7.1% greater than the 2017 estimates and are likely to be the high of the decade shown. The 2018 countywide collective property tax rate of mills is an increase from the previous four years. The increase of mills or 0.3% is due to an increase in the Health Department millage from mills to mills. This increase will enable the Florida Department of Health in Pinellas and Pinellas County Schools to staff every district school with a full-time nurse. The two other tax rates included in the countywide aggregate tax rate will remain the same: General Fund, mills; and Emergency Medical Services (EMS), mills. The EMS millage is levied on only real property. The taxable value estimate for all taxable property (real and tangible property) is $73.6B versus the taxable value estimate of $69.0B for real property only. Millions $500.0 $450.0 $400.0 $350.0 $300.0 $250.0 $200.0 $150.0 $100.0 $50.0 $362.3 Countywide Property Tax Collections, and Millage Rates $ $ $ $ $334.6 $348.1 $371.8 $406.0 $ $ Note: Includes all property taxes collected by the Board of County Commissioners on a countywide basis, excluding the Pinellas Planning Council. Collections shown for 2017* (Estimate) and for 2018* (Projection at 95%) are based on data provided by Pinellas County Property Appraiser (Final 2016 and 2017 dated July 1, 2017). Pinellas County, Florida B-42 FY18 Adopted Budget

43 ECONOMIC TRENDS & MAJOR REVENUES Taxable Value - MSTU (includes new construction): Taxable values within the unincorporated area of the County have increased from $16.6B in 2017, to an estimate of $17.7B in This is an increase of 6.6%. The unincorporated taxable value as a percentage of the total countywide taxable value over the last 10 years, reflects an overall decrease of 1.0%, from 25.1% in 2009 to 24.1% in The unincorporated area of the County is also call the Municipal Services Taxing Unit (MSTU), with a separate millage collected to fund services within the MSTU. Taxable Value: MSTU (includes new construction), Billions $20.0 $18.0 $16.0 $14.0 $12.0 $10.0 $8.0 $ $4.0 $2.0 $0.0 Sources: Pinellas County Property Appraiser, July 1, 2017 Pinellas County, Florida B-43 FY18 Adopted Budget

44 ECONOMIC TRENDS & MAJOR REVENUES MSTU Property Tax Collections and the MSTU Property Tax Rate: The MSTU property tax collections are a direct result of the MSTU property tax rate and the MSTU taxable value. The 2018 budgeted property tax collections 5.3% greater than the 2017 estimate and slightly higher than the 2009 actual receipts. The MSTU property tax collections are used to fund a variety of services benefiting only the unincorporated area of the County. These services include, but are not limited to, community policing, development review services, and code enforcement. The proposed 2017 MSTU property tax rate of mills has not changed for the last 10 years. Total collections for the MSTU are still below the collections prior to the Great Recession (12/2007-6/2009). Millions $40.0 $35.0 $30.0 MSTU Property Tax Collections, and Millage Rates $25.0 $20.0 $15.0 $10.0 $ $35.1 $31.7 $30.6 $28.2 $27.3 $28.7 $29.6 $31.0 $33.4 $ $ Note: Collections shown for 2017* (Estimate) and for 2018* (Projection at 95%) are based on data provided by Pinellas County Property Appraiser (Final 2016 and 2017 dated July 1, 2017). Pinellas County, Florida B-44 FY18 Adopted Budget

45 ECONOMIC TRENDS & MAJOR REVENUES Taxable Sales: Taxable sales are those sales subject to Chapter 212, F.S., such as sales of goods, but not services (there are exceptions). Taxable sales indicate how strong consumer durable business is in the County. It also gives an indication of current tourism strength. In Pinellas County, taxable sales increased 4.7% to $15.7B in 2016, from $15.0B in Taxable sales appear to have recovered to where they were prior to the Great Recession (12/2007-6/2009), when taxable sales increased every year to a high that occurred in The chart shows that Pinellas County s actual sales growth is lower but trends with State growth. The exception is in 2009, at a time when consumer confidence was at its lowest. This observation is primarily due to the County s population growth is constrained given its land size, current density, limited available undeveloped acreage, and its cost of living. Taxable Sales, Florida vs Pinellas Taxable Sales Growth Billions $18.0 $16.0 $14.0 $12.0 $10.0 $ % 5.0% 0.0% -5.0% $ % $ % $2.0 $ % Annual Growth Rate Pinellas Taxable Sales $ Pinelas Growth Source: Florida Department of Revenue, State Fiscal Year Florida Growth Pinellas County, Florida B-45 FY18 Adopted Budget

46 ECONOMIC TRENDS & MAJOR REVENUES 1/2 Cent Sales Tax and Revenue Sharing with Counties: Both the local half-cent sales tax and the county revenue sharing receipts are part of the Florida Revenue Sharing Act of The chart reflects the County s share of the proceeds from both distributions that are allocated based on specific state-mandated formulas. The half-cent sales tax program generates the largest amount of revenue for local governments among the state-shared revenue sources currently authorized by the State Legislature. The State of Florida levies a sales tax of 6.0% on the purchase of consumer goods, with a variety of exemptions for non-prepared food items, prescription drugs, services, etc. The state returns percent of net sales tax proceeds to the local governments. The County s share is projected to increase 2.0% between 2017 and 2018, from $45.5M to $46.4M. The State s revenue sharing with counties is a portion of the State sales tax and the net Statelevied cigarette/tobacco taxes. The County s share of this State revenue sharing program is also projected to increase 2.0% between 2017 and 2018, from $18.5M to $19.9M. Pinellas County uses these revenues in support of general fund operations. Millions $50.0 $45.0 $40.0 $35.0 $30.0 $25.0 $20.0 $15.0 State Shared Revenue, Millions $30.0 $25.0 $20.0 $15.0 $10.0 $10.0 $5.0 $5.0 $0.0 $ Local 1/2 Cent Sales Tax State Revenue Sharing w/ Counties Estimate % Pinellas County, Florida B-46 FY18 Adopted Budget

47 ECONOMIC TRENDS & MAJOR REVENUES Penny for Pinellas - County Share: The Penny for Pinellas (Local Infrastructure Sales Tax) was established as a result of a countywide referendum in November 1989, extended until 2010 by a referendum passed in March 1997, and extended again to year 2020 by a referendum passed in March The surtax is a 1.0% levy on sales (with exemptions) up to $5,000. The County uses this sales tax revenue for capital projects in the areas of transportation, public safety, parks, environmental protection, storm water management, and government facilities. Of the tax revenue from February 2000 through January 2010, $80.0M was earmarked for the jail facility and related improvements. The current 10 year extension started with collections in February 2010 and earmarks $225.0M for jail and criminal justice related facilities. The remaining sales tax revenue is divided between the County and the 24 municipalities in the County, pursuant to an interlocal agreement. The chart reflects the County's share of the annual proceeds. The chart shows that the revenue low point occurred in This was due primarily to the Great Recession and impact to consumer confidence. An upward collection trend started after 2009 and continues through The 2017 estimate reflects a 3.1% increase in collections over actual 2016 revenue. The 2018 projected amount of $93.8M is slightly lower than 2017 estimate due to the revenue being budgeted at 95.0% of the anticipated 2018 total. Penny for Pinellas-County Share, $100.0 Millions $90.0 $80.0 $70.0 $60.0 $50.0 $40.0 $ $20.0 $10.0 $0.0 Source: Pinellas County Office of Management & Budget Pinellas County, Florida B-47 FY18 Adopted Budget

48 ECONOMIC TRENDS & MAJOR REVENUES Local Option Gas Tax: In accordance with Section (7) Florida Statutes, Pinellas County levies six (6) cents per gallon tax on motor fuel sold. The tax is in effect through year Pursuant to interlocal agreement, the County retains 60.0% of the proceeds from the local option gas tax and the remaining 40.0% is allocated to the municipalities within the County. The chart reflects the County share of the proceeds. The County uses the proceeds to fund operations and maintenance of the County's transportation system and transportation capital projects. The chart shows that the collections from this tax are relatively static. Local Option Gas Tax, Millions $20.0 $18.0 $16.0 $14.0 $12.0 $10.0 $8.0 $ $4.0 $2.0 $0.0 Source: Pinellas County Office of Management & Budget Pinellas County, Florida B-48 FY18 Adopted Budget

49 ECONOMIC TRENDS & MAJOR REVENUES Tourist Development Tax: The County collects a Local Option Resort/Tourist Tax, also known as the Tourist Development Tax on most rents, leases, or lets, which have been contracted for periods of six months or less, or living accommodations in hotels, motels, apartment houses, rooming houses, and mobile home parks. In 1988, the Tourist Development Tax was increased from the initial two (2) percent (levied in 1978) to three (3) percent to provide additional revenue for tourist development activity. In 1996 the tax was increased to the fourth percent, and prior to 2016, the fourth percent was restricted to debt service for the City of St. Petersburg s professional franchised sports facility. In 2006, the tax was increased to the fifth percent for marketing purposes. Due to Pinellas County being designated a high tourism impact county (2013, 2014, and 2015) pursuant to Florida Statutes, the County was allowed to add one (1) percent to its existing tourist tax levy. The County added the additional one (1) percent in This increased the tax to the current sixth (6) percent. Tourist Development Tax is used to fund beach renourishment, contribute to tourist related capital projects throughout the county, and provide marketing resources for the Pinellas County Convention and Visitors Bureau (CVB). The CVB advertises and promotes Pinellas County as a top tourist designation for Florida, national and international travelers. The impact of the terrorist attacks on September 11, 2001, resulted in a decline in tourism through Tourism and tax collections recovered after Between 2011 and 2016, the average growth rate in collections was 10.6%. The 2016 receipts increased 26.0%, reflecting more growth in tourism and the addition of the sixth percent. Robust tourism growth is continuing, and the 2017 estimate reflects an increase of 14.3% from the 2016 actual. With the 2018 budget at 95% of the anticipated amount to be collected, 2018 shows a slight decrease in revenues, but receipts are expected to exceed budget. Millions $60.0 $50.0 $40.0 Tourist Development Tax, $30.0 $20.0 $ $- Note: In 2016, an additional one cent is collected due to the County being designated a "high tourism impact" county. Source: Pinellas County Office of Management & Budget Pinellas County, Florida B-49 FY18 Adopted Budget

50 ECONOMIC TRENDS & MAJOR REVENUES General Fund Beginning Fund Balance: This resource reflects the amount of carry forward revenue the County has at the beginning of each fiscal year in the General Fund. The categories of fund balance are defined in the County s budget policies. The General Fund is the primary fund for the County. The Fund provides the resources necessary to sustain the day-to-day activities of the County and pays for all administrative and operating expenses that are not assigned to a special purpose fund. General Fund Beginning Fund Balance, Millions $180.0 $160.0 $140.0 $120.0 $100.0 $80.0 $60.0 $ $20.0 $0.0 Source: Pinellas County Office of Management & Budget Pinellas County, Florida B-50 FY18 Adopted Budget