Business Plan Development Workshop. July 11, 2006

Transcription

1 Business Plan Development Workshop July 11, 2006

2 Business Model Data Analysis Citizen Input Strategic Plan Business Plan Budget Output to Citizens 11/7/2006 2:23 PM 2

3 Citizen Input Commission Meetings Citizen Survey Business Survey Focus Groups Transaction Surveys ecomplaint Tracking SWOT Analysis Community-Oriented Policing/Police Substations City Hall in the Mall Advisory Committees/City Boards Community Visioning Forums Slice of the Springs Meetings Commissioner Office Hours Request for Service on City s Website: coralsprings.org Planning & Zoning Board Meetings Referendums Neighborhood Partnerships 11/7/2006 2:23 PM 3

4 Hurricane Wilma Response Disaster Recovery 1 million cubic yards debris Street Trees "Homeowners Tree Care and Ownership Guide" and "Street Tree Subsidy Program Emergency Roof Permits Metal Roofs Expedite Roof Permits Owner Notification Program Assisted in Hurricane Katrina Disaster Recovery 11/7/2006 2:23 PM 4

5 Hurricane Wilma Estimated Total Costs $36.5 million City s Share by Funding Source: Financial Policy Reserves Insurance Proceeds Contingency Tree Trust Fund Resource Recovery Total $9,520, , , , ,000 $11,250,000 11/7/2006 2:23 PM 5

6 11/7/2006 2:23 PM 6

7 11/7/2006 2:23 PM 7

8 Other Accomplishments Completion of Public Safety Training Center Public Safety Bond Referendum Substantial Completion of One Charter Place Commencement of Construction of Charter School Fine Art Wing Affordable Housing Ordinance Sawgrass Nature Center Opened Hosted Masters Nationals Swim Competition 11/7/2006 2:23 PM 8

9 Only 2 Initiatives in Business Plan won t be completed this year Teen Citizen Police Academy International Soccer Fest 11/7/2006 2:23 PM 9

10 Fiscal Year 2007 No Increase in Operating Millage 10% Decrease in Debt Service Millage No Increase in Fees or Charges No Increase in Water or Sewer Fees Fire Fund Increase of $15.66 per Single Family Home 11/7/2006 2:23 PM 10

11 General Fund Summary Total Revenues Use of Revenues Normal Expense Increase Extraordinary Expenses* Adds to Staff Emergency Reserves Total $ increase over 2006 $7.9M $2.2M $3.6M $0.5M $1.6M $7.9M *Includes energy, pension, interest rate, and cost increases 11/7/2006 2:23 PM 11

12 Fire Fund Revenues Total Revenues Use of Revenues Normal Expense Increase Extraordinary Expenses* Adds to Staff Total $ increase over 2006 $1.4M $0.4M $0.6M $0.4M $1.4M *Includes energy, pension, health, property and casualty, and cost increases. 11/7/2006 2:23 PM 12

13 2006 Operating Millage Rate Comparison $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Hollywood Margate Miramar Tamarac Sunrise Coconut Creek Davie Ft Lauderdale Pembroke Pines Plantation Pompano Beach Coral Springs 11/7/2006 2:23 PM 13

14 Debt Service Millage Rate Trend Mills $ $ $ $ % decrease $ $ $ Bond Issue 0.1 $ Existing debt /7/2006 2:23 PM 14

15 Condos/Townhomes For Sale vs. Sold (Source: Broward Affordable Housing Needs Assessment by The Metropolitan Center at Florida International University) 7000 For Sale Sold /02 02/03 05/03 08/03 11/03 02/04 05/04 08/04 11/04 02/05 05/05 08/05 11/05 Hurricane Wilma Source: Realtor Association of Greater Fort Lauderdale 11/7/2006 2:23 PM 15

16 Single Family Homes For Sale vs. Sold (Source: Broward Affordable Housing Needs Assessment by The Metropolitan Center at Florida International University) Single Family For Sale Single Family Sold /02 02/03 05/03 08/03 11/03 02/04 05/04 08/04 11/04 02/05 05/05 08/05 11/05 Hurricane Wilma Source: Realtor Association of Greater Fort Lauderdale 11/7/2006 2:23 PM 16

17 Growth Rate in Property Tax Revenue 25% 20% Projected 15% 10% 5% 0% /7/2006 2:23 PM 17

18 Five-Year Forecast Millions $0 -$1 -$2 -$3 -$4 -$5 -$6 -$ $2.21 $0.00 -$3.34 -$3.76 -$3.76 -$5.36 -$4.56 -$6.41 -$5.76 -$6.90 -$7.59 -$8 Sep-05 Jul-06 This chart is for planning purposes and illustrates the potential shortfalls the General Fund could face if no positive action is taken. By Florida law, the proposed budget will be balanced. Financial Strategies will be formulated to address future year shortfalls and will be included in the Fiscal Year 2006 Business Plan to be presented in July. 11/7/2006 2:23 PM 18

19 Debt Savings General Fund Water & Sewer Funds Other Funds Total Debt Refunding & Retirements Prior Years $1,122,000 $459,000 $1,581,000 Debt Defeasance Prior Years 2,693,000 $2,693,000 Cost Avoidance Measures Variable Rate Prior Years 798,000 $798, ,000 $368,000 Equity Financing Prior Years 1,940, ,000 $2,281, ,000 $310,000 Water & Sewer ,500 $142,500 Pay as you go Prior Years 606,500 $606, ,000 $139,000 Total Savings $7,222,000 $601,500 $1,086,500 $8,919,000 11/7/2006 2:23 PM 19

20 Financial Strategy Sources & Uses of Funds Sources of Funds Uses of Funds General Fund: Current 2007 Budget $3,700,000 1,633,000 $5,333,000 Capital Improvement Program: General Fund Fire Fund Equipment Services Fund $5,659,716 1,115, ,000 Insurance Fund 2,000,000 Total Capital Imp. Program $6,967,000 Fire Fund Resource Recovery Distribution: Redistribution Bond Proceeds 500, ,000 Replenish Financial Policy Reserves 1,633,000 Excess Reserves 500,000 Total Uses $8,600,000 Total Sources $8,600,000 11/7/2006 2:23 PM 20

21 Effect On The Average Homeowner No decrease in operating millage 10% decrease in debt millage $15.66 increase in single-family fire fee $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 $ Operating Debt Fire $83.62 $99.28 $45.11 $40.58 $ $ $ $ Net Tax = $4.53 Decrease Fire Fee = $15.66 Increase $99.28 $41.97 $ Average Coral Springs home Save Our Homes Value $204,714 Assuming No Increase In Assessed Value Net Tax = $20.64 Increase Fire Fee = $15.66 Increase Assuming a 3.0% Increase In Assessed Value $210,855 11/7/2006 2:23 PM 21

22 $ $ $ $94.00 Adopted 2006 Fire Assessments $160 $140 $120 $ $ For Single Family Homes $100 $80 $60 $83.62 $75.00 $74.98 $64.10 $40 $20 $0 Tamarac Miramar Hollywood Davie Margate Ft Lauderdale Coral Springs Pompano Beach Pembroke Pines Coconut Creek 11/7/2006 2:23 PM 22

23 Residential Single Family Solid Waste Assessment Rate % Actual Proposed Increase Increase Rate $ $ $ % Factors: 3.3% Increase in Tipping Fees For All of Broward County 2.69% Contractual Increase (80% of CPI, which was 3.36%) Application of 18% Franchise Fees 11/7/2006 2:23 PM 23

24 2006 Solid Waste Rate Comparison $400 $350 $ $ Annualized $300 $250 $ $ $ $ $ $ $200 $150 $100 $50 $0 Hollywood Ft Lauderdale Lauderdale Lakes Margate Sunrise Tamarac Miramar Coral Springs 11/7/2006 2:23 PM 24

25 New Positions for 2007 General Fund: Fire Fund: Code Enforcement Officer 1 Firefighter/Paramedics- 4/1/07 4 Contractual Permit Service Reps. 2 Firefighter/Paramedics-10/1/07 2 Law Enforcement Officers 2 6 Parks & Rec ESL Coordinator Firefighter/Paramedics- 4/1/ Water & Sewer Fund: Office Assistant New Positions (plus 13 for Parkland Contract) 11/7/2006 2:23 PM 25

26 Neighborhood & Environmental Vitality Police Department Re-establish bike patrol Addition of 2 new Patrol Officers for Zone 4 (including Ramblewood East & Riverside Dr.) 11/7/2006 2:23 PM 26

27 Customer-Involved Government Building Division Enhanced Permit Notification Customer Care Center Express Permitting for Small Permits Pilot program after emergency period 11/7/2006 2:23 PM 27

28 Building Permit Trend Analysis 20,000 Projected 15,000 10,000 5, Regular Condo Conversions Hurricane 11/7/2006 2:23 PM 28

29 Building Permit Trend Analysis 12,000 10,000 Projected 8,000 6,000 4,000 2, ELECTRICAL TOTAL PLUMBING TOTAL MECHANICAL TOTAL STRUCTURAL TOTAL 11/7/2006 2:23 PM 29

30 Customer-Involved Government Fire Department Parkland partnership - Response time improvements for Northwest area 20 new positions (13 Parkland, 7 Coral Springs) ISO improvements now top 3% nationally Impact Fee Study for high rise development New Training Center Opening (ongoing) 11/7/2006 2:23 PM 30

31 City Efforts at Maintaining Older Neighborhoods 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 81% 69% 58% /7/2006 2:23 PM 31

32 Neighborhood & Environmental Vitality Neighborhood Aesthetics New Code Officer added with emphasis on landscaping Administrative Citation Program & organizational changes Increased budget for replanting City facilities, parks, medians & linear parks 11/7/2006 2:23 PM 32

33 Linear Parks 11/7/2006 2:23 PM 33

34 Safety Rating 100% 90% 80% 70% 60% 75% 80% 81% 64% 74% 79% 74% 89% 88% 50% 40% 30% 20% 10% 0% Alone in business after dark City park or recreational facility after dark Alone in neighborhood after dark /7/2006 2:23 PM 34

35 Neighborhood & Environmental Vitality Park Security New security cameras in Cypress Park New nighttime park supervisor Re-establish bike patrol 11/7/2006 2:23 PM 35

36 Strength in Diversity International Soccer Fest World Fest Family Success Center Study Circles 11/7/2006 2:23 PM 36

37 Traffic, Mobility & Connectivity Street Indexing Signage Downtown Pathways 28 th Street Pedestrian Crossing One-Cent Sales Tax University Drive Extension 11/7/2006 2:23 PM 37

38 Traffic Map 11/7/2006 2:23 PM 38

39 Traffic Map 11/7/2006 2:23 PM 39

40 Excellence in Education and Youth & Family Career Education for At-Risk Youth Charter School Advisor program Workforce Housing- Charter School Teachers Parent Support Partnerships Drowning Prevention Program Teen Programming Mentoring 11/7/2006 2:23 PM 40

41 Public Facilities Open new Public Safety Training & Technology Center Integrate green building and maintenance standards into new public facilities Public Safety Building Improvements Planning for new City Hall in Mullins Park area 11/7/2006 2:23 PM 41

42 The End 11/7/2006 2:23 PM 42

43 Major Budget Increases General and Fire Funds Fire Department Police Department Building Division Public Works $ increase over 2006 $3.0M $1.7M $0.4M $0.5M % increase over % 5% 15% 13% 11/7/2006 2:23 PM 43

44 General Fund Key Drivers Personal Services New Positions Hurricane Wilma Reserves Gasoline & Electricity Health care Interest Rates Retirement Property & Casualty Insurance Gov t & Nonprofit Fire Assess. Total $ increase over 2006 $2.0M $300K $1.6M $1.0M $720K $708K $500K $440K $233K $7.5M % increase over % 0.7% n/a 30% 12% 47% 8% 58% 41% 11/7/2006 2:23 PM 44

45 Wilma: Rebuilding Reserves 2006 Surplus 2007 Appropriation 2007 Surplus 2008 Appropriation Total $1.0 Million $1.7 Million $1.0 Million $0.5 Million $4.2 Million within 2 years 11/7/2006 2:23 PM 45

46 Fire Fund Key Drivers New Positions (Parkland $415K) Personal Services Pension Health care Property & Casualty Insurance Gasoline & Electricity Total $ increase over 2006 $611K $589K $350K $200K $140K $100K $1.99M % increase over % 10% 51% 26% 500% 33% 11/7/2006 2:23 PM 46

47 Business Model At Work Priority Directional Statement KIO (Goal per year) Business Plan Initiative Results 11/7/2006 2:23 PM 47

48 Annual Change in Commercial/Industrial Tax Base $180 $160 Millions $159 $140 $120 $110 $117 $100 $80 $60 $62 $87 $82 $89 $98 $67 $84 $40 $38 $20 $ /7/2006 2:23 PM 48

49 Annual Change in Non-Residential Tax Base $180 $160 $140 $120 $100 $80 $60 Millions $61 $90 $94 $100 $129 $156 $121 $61 $92 $143 $166 $40 $20 $ NOTE: 2004 Personal Property Decreased 0.7% 11/7/2006 2:23 PM 49

50 Non-Residential Taxable Assessed Value as a Percentage of Total Taxable Assessed Value 25.0% 22.1% 22.9% 23.8% 23.6% 22.6% 22.1% 21.2% 20.1% 20.0% 15.0% 10.0% 5.0% 0.0% /7/2006 2:23 PM 50

51 Percentage of Fringe Benefits vs. Salaries and Wages 45.0% 42.2% 40.0% 37.3% 35.0% 33.6% 30.0% 25.0% 28.4% 27.7% 26.5% 20.0% 15.0% 10.0% 5.0% 0.0% /7/2006 2:23 PM 51

52 U.S. Treasury Interest Rate Yield Curve 5.5% Current 5.0% 5.00% 5.28% 5.17% 5.10% 5.13% 5.17% 4.76% 4.5% 4.47% 4.0% One Year Ago 4.14% 3.74% 3.5% 3.0% 3.12% 2.77% 2.5% 3 Month 6 Month 2 Year 5 Year 10 Year 30 Year 4/11/2005 7/10/ /7/2006 2:23 PM 52

53 Top 5 Local Issues per Residential Survey None 27% Code Enforcement 6.8% Crime 6.3% Traffic/speeding 5.4% Improving education & schools 4.2% 11/7/2006 2:23 PM 53

54 City Taxes On Average Home (Based on 3% Increase In Value) Average Home Value $204,714 $210,855 Operating Millage Debt Millage Fire Assessment Total $ $ /7/2006 2:23 PM 54

55 Ad Valorem Taxes as a Percentage of General Fund Revenue Percent % % Budget Projected % /7/2006 2:23 PM 55

56 New Positions per Fiscal Year 50 Excludes Parkland Contract Regular Police Fire/EMS 11/7/2006 2:23 PM 56

57 Public Safety For Fiscal Years : 74% of all new dollars spent on Police & Fire/EMS 43% of new dollars invested in Police 31% of new dollars invested in Fire/EMS 82% of all new positions placed in Police & Fire/EMS 21 New Police positions 66 New Fire/EMS positions 11/7/2006 2:23 PM 57

58 CDBG Projects Senior Programs Meadows and Dells Drainage Systems Downtown Pathways Neighborhood Transit Center Single Family Rehabilitation CRA Staff/Projects Planning and Administration Total $70,000 $230,000 $109,000 $175,000 $110,235 $50,000 $186,059 $930,294 11/7/2006 2:23 PM 58

59 Block group deleted from target area Block group added to target area

60 Storm Water Drainage System $230,000

61 Senior Center Activities $70,000

62 Downtown Pathways $109,000

63 Neighborhood Transit Center $175,000

64 2006/2007 Proposed Annual Action Plan $930, % 20.0% 11.7% 24.7% 5.4% 11.8% Senior Programming Downtown Pathways Single Family Rehabilitation CRA- Economic Development Neighborhood Transit Center Stormw ater Drainage System Planning and Administration 18.8%

65 Effect On The Average Homeowner (Including Solid Waste) Average Home Value (SOH) Operating Millage Debt Millage Fire Assessment Solid Waste Total 2006 $204, $1, % increase $210, $1, /7/2006 2:23 PM 65

66 Direct Net Debt per Capita For 7-19 Per FTMS $760 $740 $745 $720 $700 $680 $689 $702 $660 $661 $662 $640 $620 $600 $636 Projected $ /7/2006 2:23 PM 66

67 Combined Millage Rate Comparison 2006 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Hollywood Miramar Sunrise Davie Ft. Lauderdale Pembroke Pines Plantation Pompano Beach Coral Springs Operating Debt 11/7/2006 2:23 PM 67

68 Proposed 2007 Fire Assessments $160 $140 $120 $100 $80 $129 $141 $112 $ $109 $109 $106 $94 For Single Family Homes $99.28 $83.62 $75 $75 $74.98 $60 $40 $20 $0 Tamarac Miramar Hollywood Davie Ft Lauderdale Coral Springs Pompano Beach Pembroke Pines Note: 2007 assessment amounts for Pembroke Pines, Ft Lauderdale, and Davie are not yet available 11/7/2006 2:23 PM 68