Jul 11, 2023 City Council Workshop

OKAY, I'M GOING TO CALL OUR WORKSHOP TO ORDER AND I'M GOING TO HAVE, UH, DEPUTY MAYOR FELIX LEAD US IN THE PLEDGE OF ALLEGIANCE.

[CALL TO ORDER]

[00:00:07]

ROLL CALL. MAYOR MEDINA.

I'M PRESENT. DEPUTY MAYOR FELIX HERE.

COUNCILMAN JOHNSON HERE.

COUNCILMAN FOSTER.

HERE HE IS.

HERE. MISS SHERMAN HERE.

MISS SMITH HERE.

OKAY. NOT EVEN GOING TO GO INTO PUBLIC COMMENTS, BUT.

WELL, LET'S GO WITH ITEM NUMBER ONE ON THE AGENDA.

[ 1. Discussion of proposed budget for Fiscal Year 2023-2024.]

THIS WILL INCLUDE SOME OVERVIEW OF WHERE WE'RE AT IN THE CURRENT FISCAL YEAR, AS WELL AS WHAT THE 2024 PROPOSED BUDGET IS SHAPING UP TO LOOK LIKE.

ANGELICA COLLINS, WHO IS OUR BUDGET ADMINISTRATOR, WILL COME UP AND GIVE YOU A PRESENTATION AND WE'LL BE HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.

AND AT THE END, I'LL ALSO SHARE SOME ADDITIONAL COMMENTS.

THANK YOU, MA'AM. THANK YOU, SIR.

ANGELICA. ALL RIGHT.

ALL RIGHT. GOOD EVENING, COUNCIL.

IT'S A PLEASURE TO BE BACK.

IT'S BEEN A YEAR.

I ALWAYS LOOK FORWARD TO THIS EVENING.

AND YOU GUYS, IF YOU KNOW ME, YOU KNOW THAT I ENJOY DOING THIS PART.

MY NAME IS ANGELICA COLLINS.

I'M THE BUDGET ADMINISTRATOR FOR THE CITY OF PALM BAY, AND I WORK IN FINANCE.

AND MY JOB IS TO OVERSEE THE IMPLEMENTATION AND THE MANAGEMENT OF THE CITY BUDGET.

SO TONIGHT WE GENERALLY JUST HAVE A FORWARD LOOK FOR THE UPCOMING FISCAL YEAR.

HOWEVER, BECAUSE OUR MID-YEAR BUDGET WORKSHOP, WHICH WE GENERALLY HOLD IN JUNE, WAS CANCELED BECAUSE JUNE IS NOW A NEW MEETING MONTH.

WE'VE COMBINED SOME OF THE SLIDES, SO YOU WILL SEE A LITTLE BIT OF A REVIEW OF CURRENT YEAR OF FISCAL YEAR 22, CLOSE OUT.

AND THEN WE'LL ALSO LOOK INTO THE FISCAL YEAR 24 PROPOSED BUDGET AS WE'RE MOVING INTO THE FISCAL YEAR ADOPTION PROCESS AT THE MOMENT.

SO WE HAVE A FEW MORE SLIDES THAN WE NORMALLY HAVE.

SO I WILL TRY TO MAKE THEM AS BRIEF AS POSSIBLE.

I KNOW USUALLY DO ABOUT AN HOUR AND A HOUR AND A HALF.

IF YOU HAVE ANY QUESTIONS, FEEL FREE TO INTERRUPT ME OR YOU CAN WAIT UNTIL THE END.

IT'S REALLY UP TO YOU.

SO WE'LL GO AHEAD AND GET STARTED.

I DO HAVE AN AGENDA.

SO WHAT WE ARE GOING TO REVIEW TODAY, I'VE KIND OF GROUPED THEM TOGETHER.

WE'RE GOING TO GO AHEAD AND REVIEW OUR STRATEGIC ACCOMPLISHMENTS FOR FISCAL YEAR 23, WHICH IS OUR CURRENT YEAR.

AND WE'RE GOING TO TALK ABOUT OUR GOALS FOR THE UPCOMING YEAR, FISCAL YEAR 24.

THEN WE'RE GOING TO DO A HEAVY FOCUS AND A DEEP DIVE INTO THE GENERAL FUND.

WE'LL TALK ABOUT FUND BALANCE, FINANCIALS AND FUNDING REQUESTS AND PRELIMINARY APPROVALS FOR THE UPCOMING FISCAL YEAR.

THEN WE WILL ALSO LOOK AT OUR ENTERPRISE AND OTHER FUNDS, NOT AS MUCH OF A DEEP DIVE INTO THOSE SINCE OUR AD VALOREM TAXATION AND MILLAGE RATES, WHICH WE WILL TALK ABOUT AFTER THAT PARTICULAR SECTION, AREN'T HEAVILY DEPENDENT ON OUR ENTERPRISE AND OTHER FUNDS.

AND THEN AGAIN, WE'LL TALK ABOUT OUR TAXABLE VALUES, MILITARY OPTIONS, AND THEN WE'LL CLOSE OUT WITH ANY PENDING ITEMS OR IMPORTANT DATES THAT WE STILL HAVE LEFT THROUGH THE ADOPTION PROCESS IN SEPTEMBER.

AND THEN WE CAN EITHER OPEN IT UP TO QUESTIONS AND COMMENTS, MORE DISCUSSIONS, OR FEEL FREE TO ASK OK ON A PARTICULAR SLIDE AT ANY TIME.

SO OUR FIRST SUB TOPIC THAT WE WILL TALK ABOUT TODAY IS AGAIN OUR ACCOMPLISHMENTS FOR THE CURRENT YEAR AND OUR GOALS THAT WE ARE HAVE PRIMARILY PRELIMINARILY SET WITH OUR CITY MANAGER AND THE DEPARTMENTS FOR THE UPCOMING FISCAL YEAR STARTING OCTOBER 1ST.

SO FOR FISCAL YEAR 23, OUR BIG ACCOMPLISHMENTS IS WE'VE HEAVILY INVESTED IN CAPITAL.

WE CURRENTLY TO DATE HAVE INVESTED ABOUT 7.3 MILLION WITHIN THE GENERAL FUND.

OF THAT, 2.5 MILLION WAS IN THE APPROVED BUDGET WHICH WE ADOPTED LAST YEAR AROUND THIS TIME FRAME IN SEPTEMBER.

BUT IT IS FOR THE CURRENT FISCAL YEAR.

AND THEN WE HAVE ABOUT ANOTHER 4.8 MILLION THAT WE HAVE INVESTED IN GENERAL FUND CAPITAL THROUGH THE AMENDMENTS AND THE REGULAR COUNCIL MEETINGS THAT YOU HAVE FOR THOSE GENERAL FUND DEPARTMENTS.

SO COLLECTIVELY, WE'RE LOOKING AT ABOUT 7.3 MILLION OF INVESTMENT INTO CAPITAL.

OF THAT. A LOT OF IT IS VEHICLE REPLACEMENTS, NEW VEHICLES.

[00:05:01]

AND THE BIG ITEM AS WELL IS THAT WE ARE WORKING ON FUNDING OR FULLY FUNDING OUR CONSTRUCTION OF FIRE STATION NUMBER SEVEN.

SO WE HAVE I'LL TALK ABOUT THAT IN A LITTLE BIT.

BUT INITIALLY WE HAVE ALREADY FUNDED ABOUT 3.9 MILLION OF THAT AND THEN YOU'LL SEE SOME ADDITIONAL FUNDING IN FISCAL YEAR 24 FOR THAT.

MM. OF COURSE, WE HAVE OTHER THINGS OTHER THAN CAPITAL THAT WE'VE INVESTED IN.

SO WHEN IT COMES TO OUR OPERATIONAL INVESTMENTS, WHICH ALSO INCLUDES PERSONNEL, WE HAVE WITHIN THIS BUDGET TO DATE.

SO IT IS NOT OVER.

WE HAVE TEN PUBLIC SAFETY POSITIONS, SO FULL TIME POSITIONS THAT WERE APPROVED.

WE'RE ALSO HEAVILY FOCUSING ON OUR PUBLIC SAFETY EQUIPMENT, WHICH IS AIR PACKS, REGULATORS AND THE P 25 RADIO REPLACEMENTS FOR FIRE AND POLICE, WHICH IS A REQUIREMENT.

OF COURSE, WE HAVE THE BODY CAMERA ANNUAL CONTRIBUTIONS.

SO AS YOU REMEMBER, YOU WENT THROUGH THAT PROCESS OF APPROVING THOSE.

BUT SO THERE'S ANNUAL CONTRIBUTIONS IN MAINTAINING THAT WE HAVE OUR I.T.

NETWORK SECURITY NEEDS.

SO IT SAFETY WHEN IT COMES TO OUR WEB AND EVERYTHING IS ALSO A BIG CONCENTRATION OF OURS.

AND THEN THE BIG TOPIC THAT YOU'LL SEE, I THINK ACROSS ALL FUNDS, WHETHER THAT IS GENERAL FUND OR ENTERPRISE, IS WE HAVE CONTRACTUAL COST INCREASES.

SO WHETHER THAT IS MAINTENANCE, ELECTRICAL OR FUEL, REGARDLESS IF IT'S GENERAL FUND OR UTILITIES OR STORMWATER, YOU'RE GOING TO SEE THOSE CONTRACTUAL REQUIREMENT INCREASES THROUGHOUT. WE'VE ALSO IMPLEMENTED A 3% PAY INCREASE FOR ALL OF OUR GENERAL EMPLOYEE GROUPS.

AS YOU REMEMBER, WE DID HAVE A SALARY STUDY, SO WE FULLY FUNDED THE SALARY STUDY ADJUSTMENTS AND WE HAVE ALSO GONE INTO CONTRACT WITH THE WHITE AND BLUE UNIONS.

SO THOSE ALL RETRO BACK TO 21, 2022, WHICH IS EFFECTIVE THE FIRST DAY OF THIS FISCAL YEAR.

AS FAR AS OUR POLICE AND FIRE PENSIONS, WE ARE ADEQUATELY FUNDING THOSE CURRENTLY IN THE YEAR.

SO WE CONTRIBUTED 4.8 MILLION TOWARDS THOSE PENSIONS FOR BOTH OF THOSE DEPARTMENTS AND THAT IS PER THE ACTUARIAL REPORT AND REQUIREMENTS THAT ARE SET FOR US. WE CONTINUE TO WORK ON PLANNING ON INVESTMENTS IN EXISTING ROADWAYS.

SO WHETHER THAT IS GENERAL FUND OR OUR GEO BOND ROAD PROGRAM OR ROAD MAINTENANCE, WE ARE FOCUSING ON OUR ROADWAY CAPACITY.

AND THEN FROM OUR FINANCE DEPARTMENT, WE ALSO HAVE A LITTLE PROUD ITEM.

AS YOU MAY KNOW, WHENEVER THE CITY OR WHENEVER TYPE OF ENTITY OR MUNICIPALITY GOES OUT FOR A POTENTIAL BOND RATING OR A BOND POLL, AND WE ARE IN THE PROCESS OF LOOKING AT OUR THIRD GEO BOND RATING OR OUR GEO BOND ISSUANCE.

THERE ARE PRIVATE COMPANIES THAT COME IN AND DO A RATING REVIEW OF WHAT OUR DEBT IS.

AND S&P GLOBAL WAS THE FIRST COMPANY THAT HAS COME IN AND DONE A FULL REVIEW OF OUR DEBT SERVICE AND OUR FINANCIALS, AND THEY ACTUALLY INCREASED OUR RATINGS FROM A+ TO DOUBLE A MINUS.

SO WHILE YOU MAY THINK A+ IS PROBABLY BETTER BECAUSE YOU'RE THINKING IN SCHOOL, IF IT'S AN A+, IT'S PROBABLY BETTER.

BUT WHEN IT COMES TO RATING, THAT'S ACTUALLY GONE FROM A STRONG HOLDING TO A VERY STRONG.

SO WE'VE ACTUALLY INCREASED IN OUR RATINGS.

SO FROM A PRIVATE STANDPOINT AND FROM A BOND RATING ISSUANCE, WE ARE IN VERY HEALTHY STANDINGS AND WE EVEN DO BETTER THAN WE HAVE DONE THE PREVIOUS YEAR. WE ARE WAITING ON SOME ADDITIONAL BOND ISSUERS OR BOND RATING COMPANIES TO COME IN AND DO ADDITIONAL ONES.

SO THIS IS THE FIRST ONE THAT WE'VE GONE THROUGH AND WE HAVE SUCCESSFULLY COMPLETED THAT AND WE'VE SOME GREAT RESULTS COMING FROM THAT.

ALL RIGHT. LET'S TAKE A LOOK AT FISCAL YEAR 24 PROPOSED BUDGET GOALS.

SO WE HAVE SET ASIDE SOME GOALS AND SOME FOCUSES THAT WE'VE ALREADY INCLUDED IN THE PRELIMINARY BUDGET.

SO THERE ARE SOME AREAS THAT WE ARE FOCUSING ON.

SO AGAIN, WE ARE CONTINUING TO FOCUS ON HIGH PRIORITY NEEDS.

SO 2.1 MILLION HAS BEEN INCLUDED IN THE CURRENTLY PROPOSED BUDGET.

SO A HIGH PRIORITY NEED OF WHAT OUR DEPARTMENT HAS SET OUT IS THAT IT HAS TO MEET A CERTAIN CRITERIA.

SO THAT CRITERIA IS IT HAS TO BE A CONTRACTUAL INCREASE OR SOME KIND OF MANDATED ITEM.

SO IN A NUTSHELL, IT HAS TO BE PAID.

SO WITHIN THE GENERAL FUND, THERE'S 2.1 MILLION OF ASKS THAT HAVE TO BE PAID.

SO THOSE HAVE BEEN CONCLUDED AND THAT WAS REALLY OUR FOCUS OFF THE TOP IS THOSE ARE THE ITEMS THAT HAVE TO BE PAID OUTSIDE OF, OF COURSE, OUR DEBT SERVICE.

[00:10:08]

OUR ROAD MAINTENANCE FUNDING.

SO AS YOU KNOW, OUR PREVIOUS 2 OR 3 YEARS, WE'VE DEDICATED $1 MILLION IN THE INITIAL APPROVED BUDGET.

AND THEN OF COURSE, WE DO PROPERTY SALES.

AND THEN FROM THE CRA, WHENEVER THERE'S ANY UNSPENT FUNDS, THOSE DO COME BACK.

HOWEVER, THIS UPCOMING FISCAL YEAR, WE HAVE UPPED THAT BY AN ADDITIONAL 1.75.

SO THE TOTAL CURRENTLY IN THE PRELIMINARY BUDGET TO TRANSFER TO THE MAINTENANCE CIP FUND IS 2.75 MILLION.

UM, OF COURSE, AS YOU'VE SEEN IN 23, WE WILL CONTINUE FOCUSING ON OUR PUBLIC SAFETY AND OUR GROWTH NEEDS WITHIN THOSE AREAS.

WE ARE DEDICATING AN ADDITIONAL 2.7 MILLION TO THE CONSTRUCTION OF FIRE STATION SEVEN.

AND 11 PUBLIC SAFETY POSITIONS FROM THAT WE HAVE.

LET ME JUST CHECK MY NUMBERS.

I WANT TO MAKE SURE I GET THIS RIGHT.

WE HAVE FIVE POLICE OFFICERS.

SIX POLICE OFFICERS AND FIVE FIREFIGHTERS.

SO THAT COMES UP TO 11 AND AN ADDITIONAL 1.1 MILLION TOWARDS THOSE RADIO REPLACEMENTS AND EXTRACTION TOOLS.

SO WE REMEMBER WHEN I MENTIONED THE P 25 RADIO REPLACEMENTS, THAT IS A REQUIREMENT AND THOSE NEEDS WERE PART OF THOSE HIGH PRIORITY ITEMS. PRELIMINARILY, WE HAVE ALSO INCLUDED A 3% INCREASE FOR ALL OF OUR GENERAL EMPLOYEE GROUPS.

AND OF COURSE, WE'RE MEETING THE CONTRACTUAL REQUIREMENTS FOR THOSE NAMED UNIONS AND ALSO OUR FIRE AND POLICE UNIONS.

UM, LET'S GET BACK AGAIN.

WE'LL TALK ABOUT OUR PENSIONS SO WE ARE ADEQUATELY FUNDING OUR PENSION CONTRIBUTIONS.

AND THERE ARE SOME RATING PERCENTAGE RATINGS OR CONTRIBUTION RATINGS THAT ARE DISCLOSED IN THE ACTUARIAL REPORT.

SO THE POLICE PENSIONS ARE FUNDED AT APPROXIMATELY 88% AND FIRE AT 82.

YOU NEVER TRULY FUND THEM AT 100% BECAUSE THEY'RE VERY FLUID AND THERE'S A LOT OF CHANGES.

SO WE'RE HEALTHY AND ADEQUATELY FUNDING THOSE PENSION CONTRIBUTIONS.

AS YOU CAN TELL, THOUGH, THAT REQUIREMENT OF SET ASIDE IN TOTAL DOLLAR AMOUNTS HAS INCREASED BY ABOUT 38% FROM THE CURRENT YEAR.

SO IF YOU LOOKED AT THE PREVIOUS SLIDE.

WHICH WAS 4.8 MILLION FOR 23.

THE PENSION CONTRIBUTIONS HAS NOW JUMPED UP TO 6.7 AND WE ARE ADEQUATELY FUNDING THOSE IN THE GENERAL FUND.

AND LASTLY, OUR GOAL IS TO STILL MAINTAIN OUR MAXIMUM 4% STABILIZATION FUNDS, WHICH, BASED ON MY CALCULATIONS, WOULD EQUAL ABOUT $1.4 MILLION.

ALL RIGHT, LET'S TAKE A DEEP DIVE INTO THE GENERAL FUND.

SO AS MOST PEOPLE KNOW OR AS USUALLY WHAT I TELL PEOPLE IS OUR GENERAL FUND IS OUR MAIN OPERATING FUND WITHIN THE CITY.

OUTSIDE OF BUILDING AND UTILITIES, EITHER ALL OR MOST APARTMENT PARTIALLY HAVE A A FUNDING WITHIN THAT FUND.

SO UTILITIES AND BUILDING ARE SOLELY ENTERPRISE FUNDS, SO THEY DON'T OPERATE IN THE GENERAL FUND, BUT ALL OTHER DEPARTMENTS DO.

SO LET'S TALK A LITTLE BIT FIRST ABOUT OUR HIGH LEVEL.

WE'LL TALK ABOUT OUR FUND BALANCE.

SO I KNOW UNDESIGNATED FUND BALANCE YOU HEAR FREQUENTLY THROUGH YOUR COUNCIL MEETINGS, REQUESTS THAT COME THROUGH.

SO LET'S TALK A LITTLE BIT ABOUT OUR FUND BALANCE, WHAT IT LOOKS LIKE THIS YEAR AS 22 HAS CLOSED OUT WELL TO A TEN YEAR HISTORY.

AND THEN WE'LL LOOK AT THE AMENDMENTS TO DATE.

YOU KNOW. ANGELICA.

SURE. YOU KNOW, I REMEMBER THIS FROM LAST YEAR, AND I LOVE THIS, RIGHT, THE TEN YEAR HISTORY, SOMETHING I THINK THAT MIGHT PROVE USEFUL IS THE POPULATION OF THOSE YEARS.

IS THERE ANY WAY TO TRACK THAT? I CAN. I THINK GROWTH MANAGEMENT WOULD PROBABLY BE ABLE TO ABLE TO HELP US WITH THAT.

YEAH. SO I CAN MAKE A NOTE AND I CAN LOOK AT.

THANK YOU, MA'AM. SO POPULATION FOR THE ENTIRE TEN YEARS, JUST LIKE AS LIKE A PER YEAR.

HOW WE INCREASE PER YEAR.

YEAH. YEAH. YES, MA'AM.

OKAY. BUT WHAT IS CURRENT TEN YEARS ALL THE WAY UP TO? YES, MA'AM. SURE.

THANK YOU. I THINK GROWTH MANAGEMENT OR COMMUNITY AND ECONOMIC DEVELOPMENT, ONE OF THOSE DEPARTMENTS.

ALL RIGHT. I JUST THINK IT GIVES A GOOD, GOOD OVERALL PICTURE.

RIGHT. YEAH. CARRY ON.

SO AS YOU SEE, THIS IS OUR FUND BALANCE.

GIVEN A TEN YEAR HISTORY WITHIN THE LAST TWO YEARS, SINCE 2020, 2021, WE HAVE CHANGED HOW WE DO OUR MINIMUM

[00:15:02]

SO PER OUR FINANCIAL POLICY, WE ARE REQUIRED TO MAINTAIN A CERTAIN AMOUNT OF UNDESIGNATED FUNDS WITHIN THE FUND.

SO YOU CANNOT DEPLETE IT ALL.

AND IN 20 UP TO YEAR 2020, IT WAS 10% AND THEN IT SWITCHED TO A TWO MONTH OPERATING.

SO THE TWO MONTH OPERATING IS SOMEWHERE BETWEEN 16 AND 17%.

SO IT'S ACTUALLY INCREASED A LITTLE BIT.

SO THIS IS FOR HISTORICAL PURPOSES, BUT I'D LIKE TO JUST FOCUS ON THE LAST YEAR.

SO AS OF FISCAL YEAR 2022 AND THAT IS THE MOST RECENT ACCURATE DATA PER OUR WHAT WE CALL OUR AQUA, WHICH IS OUR ANNUAL COMPREHENSIVE FINANCIAL REPORT, WHICH IS DONE WITH THE COMPLETION OF THE AUDIT THAT HAS JUST RECENTLY OCCURRED.

SO BASED ON THE 2022 DATA THAT WAS DISCLOSED, OUR TOTAL FUND BALANCE AT THE MOMENT IS 42% AND OUR ASSIGNED FUND BALANCE IS 38.9, SO IT'S ROUGHLY ABOUT 39%.

SO LOOKING AT THE LAST ROW, JUST THE CALCULATIONS, OUR MINIMUM FUND BALANCE REQUIREMENT BASED ON THAT TWO MONTH OPERATING MARK IS ROUGHLY ABOUT 13.9 MILLION. SO OUT OF THAT ENTIRE TOTAL OF FUND BALANCE, WE CANNOT TOUCH THAT AMOUNT.

THAT HAS TO BE SET ASIDE.

AND THEN I LIKE TO FOCUS IN THE SORT OF THE THIRD, FOURTH AND FIFTH COLUMN, WHICH I LIKE TO JUST PUT A BOX AROUND IT AND HIGHLIGHT IT.

SO OUR TOTAL FUND BALANCE, AS I MENTIONED, IS 42%.

HOWEVER, IN DOLLARS THAT EQUATES TO ABOUT 36.9, ROUGHLY ABOUT 37 MILLION OF THAT.

THE UNASSIGNED FUND BALANCE IS 32.9 MILLION.

THE OTHER FOUR IS COMMITTED AND ASSIGNED.

AND WHAT THAT MEANS IS, IS THAT THAT IS NOT SOMETHING THAT WE CAN TOUCH.

IT'S COMMITTED FOR THE ANTICIPATION OF PAYING EXPENSES.

SO WE HAVE PURCHASE ORDERS THAT ARE ISSUED.

THERE'S PROJECTS OUT THERE.

SO THAT IS COMMITTED AND SET ASIDE FOR A SPECIFIC PURPOSE.

SO THAT IS NOT PART OF THAT UNDESIGNATED AMOUNT.

SO BASED ON THOSE PERCENTAGES, OUT OF OUR TOTAL FUND BALANCE OF ROUGHLY ABOUT 37 MILLION, THAT 39% EQUATES TO ABOUT 32.9 $33 MILLION AND THAT IS COMING INTO FISCAL YEAR 23.

SO OF COURSE, WE'VE HAD SOME CHANGES AS FAR AS THE BUDGET AMENDMENTS THAT COME THROUGH.

SO AS YOU SEE THAT I PREPARE BUDGET AMENDMENTS, I DO THEM QUARTERLY AND THEN I DO ONE IN NOVEMBER FOR A YEAR, YEAR AND CLOSE OUT.

THESE ARE ALL UNAUDITED ESTIMATES BECAUSE WE TRULY DON'T KNOW WHAT YOUR FUND BALANCE IS UNTIL YOU CLOSE OUT THAT FISCAL YEAR.

BUT JUST LOOKING INTO THOSE NUMBERS OF HOW WE CAME INTO THE FISCAL YEAR AND I ACTUALLY SHOULD HAVE MADE AN UPDATE ON THIS IN THE THIRD ROW DOWN WHERE IT SAYS BEGINNING UNASSIGNED FUND BALANCE OF THE 32.3, THAT WAS MY ESTIMATE IN FEBRUARY.

IT SHOULD HAVE BEEN UPDATED TO THE 32.9.

SO IT'S ACTUALLY UP A LITTLE BIT.

BUT BASED ON MY CALCULATIONS OF WHAT HAS COME THROUGH THE REGULAR COUNCIL MEETINGS ON WHAT'S BEEN APPROVED AND I CURRENTLY HAVE A BUDGET AMENDMENT IN THE PROCESS.

SO I WENT FOR FIRST READING LAST WEEK AND I WILL COME FOR SECOND READING NEXT WEEK AT YOUR COUNCIL MEETING.

WE'RE LOOKING AT DROPPING TO AROUND 24 TO 25 MILLION, WHICH WOULD STILL LEAVE US BETWEEN 29 AND 30%.

SO JUST KNOW THAT WE MAY HAVE STARTED THE YEAR WITH THAT 36, THAT 38.

HOWEVER, BECAUSE OF THE USAGE FROM THAT INITIAL THREE ROUNDS OR SINCE REALLY TEN ONE, THAT IS WHAT WE'RE LOOKING AT AND THIS IS ALL UNAUDITED JUST ESTIMATES WITH MY CALCULATIONS BASED ON WHAT I'VE SEEN COME THROUGH.

ALL RIGHT. LET'S TALK ABOUT FINANCIALS.

SO WHEN IT COMES TO FINANCIALS, I LIKE TO DO A FIVE YEAR REVIEW OF YOUR REVENUES AND EXPENDITURES.

AND THEN WE WILL TALK ABOUT YOUR 2022 ACTUALS, WHICH WE HAVE NOW DUE TO THE CLOSURE.

WE WILL TALK ABOUT YOUR YEAR END ESTIMATES FOR THIS YEAR AND THEN WE'LL TALK ABOUT THE PROPOSED BUDGET FOR NEXT YEAR.

AND THEN WE'LL DO A HIGH LEVEL ANNUAL DEBT COMMITMENT FOR THE GENERAL FUND.

MM. RIGHT.

AS FAR AS GENERAL FUND REVENUES ARE CONCERNED, AND THIS IS AS OF WHAT DATE? JULY 1ST IS WHEN MY OFFICIAL ADOPTION AND MILITARY ADOPTION THROUGH THE STATE STARTS.

SO IT'S JULY 1ST.

AND WHAT I SHOW YOU IS THIS REALLY A FIVE YEAR HISTORICAL YOU'LL SEE ACTUALS FOR 2020, 21 AND 22.

SO THIS IS JUST FOR TRANSPARENCY AND DISCLOSURE.

AND THEN WE'LL GO INTO THIS YEAR'S BUDGET, WHICH AT WHAT WE ADOPTED, WHAT THE AMENDED BUDGET IS AND WHAT YOUR ESTIMATES ARE LOOKING TO BE.

AND THEN THE LAST COLUMN WOULD BE YOUR PRELIMINARY PROPOSED BUDGET BASED ON ALL THE NUMBERS THAT I CURRENTLY HAVE.

[00:20:07]

SO LIKE 2022 ACTUALS.

SO I'M NOT GOING TO GO INTO THEM THAT MUCH AT THE MOMENT.

AND THE YEAR END ESTIMATES THE SAME BECAUSE WE WANT TO TAKE A LITTLE BIT OF A DEEPER DIVE INTO THOSE.

HOWEVER, ON A HIGH LEVEL, IF YOU COULD FOCUS ON THE LAST COLUMN, WHICH IS FISCAL YEAR 24, BECAUSE IT GIVES YOU A GOOD IDEA OF WHERE WE'RE HEADING.

WE'RE LOOKING AT WHAT I'VE CALCULATED TO DATE WITH THE PROPERTY VALUATIONS THAT WE'VE RECEIVED FROM THE PROPERTY APPRAISER'S OFFICE. WE ARE LOOKING AT A GENERAL FUND REVENUE OF $105.8 MILLION.

PROPERTY TAXES AND VALUATIONS BASED ON THE 3% CAP RATE, WHICH THIS IS WHAT THIS IS BUILT ON AND WHAT I'VE CALCULATED, AND WE'LL GO INTO THAT IN A LITTLE BIT LATER AS WELL, IS APPROXIMATELY $51.8 MILLION, WHICH ACCOUNTS FOR 49% OF TOTAL REVENUE VALUATIONS WITHIN THE GENERAL FUND.

SO IT'S REALLY IMPORTANT TO KNOW THAT THE TAXATION AND THE MILLAGE RATES AGAINST THE PROPERTY VALUATIONS THAT ARE RECEIVED REALLY ACCOUNTS FOR ALMOST HALF OF THE REVENUE THAT'S RECEIVED IN THE GENERAL FUND TO SUPPORT THOSE EXPENDITURES.

THE OTHER ITEMS THAT ARE BECAUSE WE TALK A LOT ABOUT STATE SHARED REVENUES.

COLLECTIVELY, STATE SHARED REVENUES ACCOUNT FOR ABOUT 21%.

SO THEY ARE LISTED WITHIN INTERGOVERNMENTAL COMMUNICATION SERVICE TAX AND SALES AND FUEL TAXES.

IT'S REALLY FOR INCOMING REVENUE STREAMS AND THEY'RE JUST REFLECTED IN THREE DIFFERENT CATEGORIES.

BUT IN TOTAL, CURRENTLY WHAT WE'RE ESTIMATING AS FAR AS STATE SHARED REVENUES IS ABOUT 22.2 MILLION, WHICH IS ABOUT 21%.

SO YES, THEY DO PROVIDE A GOOD REVENUE SOURCE.

HOWEVER, YOUR AD VALOREM TAXATION OR YOUR PROPERTY TAXES STILL OUTWEIGH ALL THE OTHER REVENUE STREAMS WITHIN THE GENERAL FUND.

ONE ITEM BEFORE I MOVE ON TO THE EXPENDITURE SIDE IS I LIKE TO POINT OUT IS THE SECOND TO LAST ROW RIGHT ABOVE THE TOTAL REVENUES, WHICH IS YOUR FUND BALANCE.

SO AS YOU SEE WITHIN THE 24 COLUMN, IT'S A ZERO.

WHAT THAT MEANS IS THAT I ALWAYS LIKE TO I LIKE TO USE THE TERMINOLOGY THAT IN OUR OFFICE AND I KNOW MYSELF AS WELL, WE PRIDE OURSELVES IN ADOPTING A BUDGET FOR THE NEW UPCOMING YEAR WITHOUT USING ANY UNASSIGNED FUND BALANCE REVENUE. SO MEANING CASH ON HAND.

SO ANYTHING THAT IS CASH ON HAND THAT WE JUST TALKED ABOUT IS EXTRA.

SO WE ARE ABLE TO PROVIDE EXPENDITURES AND SERVICES FOR ALL OF THOSE DEPARTMENTS JUST BASED ON INCOMING REVENUE.

IT IS NOT A REQUIREMENT TO DO THAT.

SOME MUNICIPALITIES DO.

SOME MUNICIPALITIES DON'T.

PER STATE STATUTE.

AND I'LL HIGHLIGHT WHAT THAT IS IN A LITTLE BIT.

WE ARE REQUIRED TO ADOPT A BALANCED BUDGET.

IN A NUTSHELL, THAT MEANS YOUR REVENUES HAVE TO EQUAL YOUR EXPENDITURES.

SO WE COULD EASILY USE 5 MILLION IN FUND BALANCE CASH THAT YOU HAVE ON HAND, AND WE USE THAT AS A REVENUE SOURCE FOR ADDITIONAL EXPENDITURES. HOWEVER, IT IS JUST BEEN A STANDARD IN OUR OFFICE THAT GOING INTO THE NEW YEAR, WHEN WE DO ADOPT A BUDGET, THAT WE DO NOT DO THAT, THAT WE TRULY JUST REAP BENEFIT FROM THE INCOMING REVENUE THAT WE HAVE.

AND THEN UNASSIGNED BALANCE IS WHAT COMES TO YOU AND WE REPORT THAT TO YOU AND WE SPEND THAT ON WHATEVER THE PRIORITIES OF CITY COUNCIL AND CITY MANAGEMENT IS.

THE NEXT SLIDE ARE OUR EXPENDITURES.

SO WE'LL FOLLOW THE SAME CONCEPT.

WE'LL GO AHEAD AND SWITCH OR MOVE TO THE LAST ROW.

THIS IS BASED ON DEPARTMENT.

SO REMEMBER, WHAT I DID MENTION IS BUILDING IN UTILITIES DOES NOT OPERATE IN THE GENERAL FUND.

SO YOU WILL NOT SEE THAT DEPARTMENT ON THAT LIST.

HOWEVER, AS I MENTIONED, WE ARE REQUIRED TO ADOPT A BALANCED BUDGET SO OUR TOTAL EXPENDITURES WILL MATCH WHAT OUR REVENUES CURRENTLY SHOW.

AND IN GENERAL, THE TWO COMMENTS THAT I REALLY HAVE ON THIS SLIDE IS, IS THAT THE LARGEST PORTION OF OUR EXPENDITURES, WHETHER IT'S PERSONNEL OPERATING AND CAPITAL, ARE FOR OUR PUBLIC SAFETY DEPARTMENTS.

SO POLICE AND FIRE COLLECTIVELY TOGETHER, THEY AMOUNT TO ABOUT 54.8 MILLION, WHICH IS ABOUT 52% OF THE BUDGET.

SO POLICE OFFICERS, FIREFIGHTERS, ALL THEIR OPERATING NEEDS, INCLUDING WHATEVER CAPITAL WE HAVE ALLOCATED FOR THEM, REALLY THAT AD VALOREM TAXATION TOPIC WE JUST HAD AND THE OTHER REVENUE THAT YOU COME IN, ABOUT 52% OF OUR ACTUAL EXPENDITURES ARE ALLOCATED TO OUR PUBLIC SAFETY

[00:25:10]

WHAT THE GENERAL GOVERNMENT BUCKET SORT OF PAYS FOR IS ANY CITYWIDE TYPE OF EXPENSES.

OUR DEBT SERVICE THAT THE GENERAL FUND OWES IS ACCOUNTED FOR UNDER THE GENERAL GOVERNMENT AREA, ALONG WITH ANY LIABILITY PROPERTY INSURANCE FLEET, OPERATING CHARGES.

OUR LARGER PAYMENTS THAT IMPACT THE CITY AS A WHOLE ARE ACCOUNTED FOR UNDER THE GENERAL GOVERNMENT.

WHILE IF WE CODE AND WE LOOK IN THE SYSTEM, THE DEBT SERVICE IS CODED UNDER FINANCE BECAUSE OBVIOUSLY WE MAKE THE PAYMENTS.

HOWEVER, FROM A REPORTING STANDPOINT, WE DO REPORT THAT THE DEBT SERVICE IS A CITYWIDE IMPACT.

SO IT IS ALL ACCOUNTED FOR IN THAT AREA AND THAT ACCOUNTS FOR ABOUT 17 MILLION OF THE TOTAL AMOUNT.

AND THOSE ARE ITEMS THAT HAVE TO BE PAID.

THE NEXT SLIDE LOOKS AT THE EXPENDITURES IN A DIFFERENT WAY.

SO AGAIN, LAST COLUMN, THIS WILL MATCH THE $105.8 MILLION, BUT NOW WE'RE LOOKING AT IT MORE ON AN EXPENDITURE TYPE LEVEL. SO WE HAVE PERSONNEL OPERATING CAPITAL AND OUR DEBT SERVICE.

I ALWAYS KEEP THE CONTRIBUTIONS LINE IN THERE.

PROBABLY TAKE IT OUT. BUT AT TIMES WE DO HAVE CONTRIBUTIONS.

WE HAVE OUR TRANSFER TO ROAD MAINTENANCE AND OUR TRANSFER OF THE OTHERS.

SO TRANSFER OTHERS.

USUALLY WHEN WE ARE TRANSFERRING SOMETHING TO ANOTHER FUND TO PAY SOME KIND OF FEE.

HOWEVER, THIS IS GENERALLY HOW IT IS REPORTED.

SO AS YOU SEE ON THIS, ON THIS PARTICULAR VIEW LEVEL, OUR PERSONNEL SERVICE COSTS, WHICH IS PRETTY MUCH THE SAME EVERY YEAR, ACCOUNTS FOR THE LARGEST PORTION, WHICH IS 71.3 MILLION OR APPROXIMATELY 67%.

SO WE LOOKED AT IT PRIOR, THE SLIDE BEFORE WHERE WE TALKED ABOUT OUR PUBLIC SAFETY AREAS.

AND THIS JUST SHOWS THAT OUT OF THE 105.7 MILLION, REALLY ALMOST SOMEWHERE BETWEEN HALF AND THREE QUARTERS OF THE EXPENSES ACTUALLY GOES TO PERSONNEL COSTS, WHICH INCLUDES SALARY BENEFITS, HEALTH INSURANCE, ALL OF THAT.

SO THAT WOULD ALL BE INCLUDED.

AND I BROKE IT DOWN A LITTLE BIT MORE.

IT'S NOT ON THE SLIDE, BUT I'LL GO AHEAD AND MENTION IT.

AND OUT OF THAT, 71.3 MILLION PUBLIC SAFETY ACCOUNTS FOR 45.8 MILLION, WHICH IS ABOUT 43%.

SO AGAIN, IT MIRRORS THE SAME AS THE PREVIOUS SLIDE THAT WITHIN THE GENERAL FUND, REALLY PUBLIC SAFETY ACCOUNTS FOR THE LARGEST PORTION OF OUR EXPENDITURES AND THE PENSIONS ARE ACCOUNTED FOR UNDER THAT AND THE PENSIONS WILL ALSO BE ACCOUNTED FOR UNDER THE PERSONNEL SERVICE COSTS.

SO THAT INCREASE IS REFLECTED IN THAT.

UM, AS I MENTIONED, PER FLORIDA STATUTE 166 .241, WE ARE REQUIRED TO ADOPT A BALANCED BUDGET.

SO HOWEVER WE DO THAT, WHETHER IT'S PURE NEW REVENUE COMING IN DEDICATED TO EXPENSES OR USAGE OF FUND BALANCE, IT'S THE SAME.

HOWEVER, IN THE END, WE HAVE TO HAVE A BALANCED BUDGET, MEANING YOUR REVENUES DO HAVE TO EQUAL YOUR EXPENDITURES.

THIS IS ADOPTION AND THIS IS ALSO AMENDMENT.

SO WHEN YOU SEE THE AMENDED COLUMN, IT WILL BE THE SAME.

THE ACTUALS WILL VARY BECAUSE AT THAT POINT WE'RE JUST LOOKING AT ACTUAL DATA, BUT WE ARE REQUIRED TO BALANCE THE BUDGET.

MM.

ALL RIGHT. SO LET'S TAKE A DEEPER DIVE INTO FISCAL YEAR 2022.

SO STRICTLY LOOKING AT THE DATA THAT HAVE JUST DISCLOSED IN THE PREVIOUS SLIDES, OUR AMENDED BUDGET, OF COURSE YOU'RE GOING TO SEE THAT ZERO AT THE BOTTOM BECAUSE LIKE I MENTIONED, IS WE'RE GOING TO BALANCE THE BUDGET.

SO YOUR REVENUES WILL ALWAYS MATCH YOUR EXPENDITURES.

BUT WHEN WE'RE LOOKING AT ACTUALS THAT WE'VE CARRIED INTO FISCAL YEAR 23, WE ARE LOOKING AT TOTAL REVENUES OF 88.7 MILLION AND TOTAL EXPENDITURES OF 84.2 MILLION.

SO. WHEN YOU FIRST LOOK AT IT, YOU GO, OH, THAT'S 10.9 MILLION OF OF TOTAL EXPENDITURES THAT WE'RE LOOKING AT THAT IN SAVINGS.

BUT WHEN YOU'RE COMPARING IT TO THE AMENDED BUDGET, WE ARE ACTUALLY UNDER RUNNING THE AMENDED BUDGET AND THERE'S A JUSTIFICATION FOR THAT.

[00:30:08]

AND REMEMBER, FUND BALANCE IS NOT NEW REVENUE COMING IN.

THAT IS CASH ON HAND THAT YOU ARE USING.

AND A LOT OF TIMES WE RECORD GRANTS AS A BUDGETED REVENUE, BUT IT JUST HAS NOT COME IN YET.

SO THAT AT TIMES HAPPENS AS WELL.

IT ALL DEPENDS ON WHEN THAT GRANT APPLICATION OR WHEN THAT PROCESS HAPPENS.

SO WHEN YOU'RE LOOKING AT IT COLLECTIVELY ALL TOGETHER, YOUR REVENUES OVER UNDER EXPENDITURES, I HAVE THE GREEN CHECK BY IT IS 4.5 MILLION.

SO YOU'RE ACTUALLY IN THE POSITIVE BY 4.5 MILLION.

THAT DOES NOT MEAN THAT 4.5 MILLION IS ACTUALLY WHAT GOES INTO THE POT FOR UNDESIGNATED FUNDS.

BECAUSE REMEMBER, WE TALKED EARLIER ABOUT THOSE COMMITTED AND ASSIGNED THAT A PORTION OF YOUR OPERATING AND CAPITAL, IT WILL ACTUALLY BE PUSHED TO FISCAL YEAR 23 TO PAY FOR THOSE EXPENSES.

OKAY. BUT IN A NUTSHELL, WE DO HAVE A POSITIVE OUTCOME, WHICH IS SOMETHING THAT YOU'D ALWAYS WANT TO SEE.

AND IT'S REALLY ACROSS THE BOARD WHEN IT COMES TO WHERE THOSE SAVINGS LIE.

IT'S ABOUT A THIRD, A THIRD, A THIRD, A THIRD PERSONNEL, A THIRD OPERATING AND A THIRD CAPITAL.

AND REMEMBER, ESPECIALLY WITH CAPITAL, YOU'RE GUARANTEED TO SPEND UNLESS THERE'S SOME VARIANCES IN COSTS THAT THE REQUEST TO SPEND THOSE FUNDS WILL BE SPENT, WHETHER IT IS IN FISCAL YEAR 22 OR IT ROLLS TO 23 WITH THE INTENT OF A FUTURE PAYMENT.

WHEN WE LOOK AT PERSONNEL, I ALWAYS DO LIKE TO LOOK AT PERSONNEL BECAUSE IT GIVES YOU A LITTLE BIT OF AN IDEA OF WHAT YOUR STAFFING AND YOUR VACANCIES ARE.

OF THAT 3.6 MILLION OR ABOUT THAT, A THIRD OR 33% OF THOSE SAVINGS ON EXPENDITURES IN WITHIN PERSONNEL, THE POLICE DEPARTMENT ACTUALLY HAS THE HIGHEST WHERE ABOUT 41.2% WAS NOT SPENT.

SO THAT IS SIMPLY JUST EVEN IF THERE'S A VACANCY FOR A MONTH, EVEN THAT ONE VACANCY FOR A MONTH MEANS THAT PERSONNEL COSTS ARE NOT PAID OUT AND THAT ALL CONTRIBUTES TO THOSE SAVINGS.

SO WHEN YOU HAVE A LARGE DEPARTMENT WHERE THERE IS SOME TURNOVER OR WE ALLOCATE, FOR EXAMPLE, 5 OR 6 POSITIONS AT THE BEGINNING OF THE YEAR, THERE IS TIME TO STAFF THOSE.

SO EVEN IF A POSITION SITS VACANT FOR A QUARTER OR A MATTER OF THREE MONTHS, ALL OF THOSE ARE UNSPENT DOLLARS.

I KNOW IDEALLY WE'D LOVE TO HAVE 100% STAFFING AND NO VACANCIES.

BUT REALISTICALLY, YOU KNOW, IT'S IT'S HARD TO TELL, BUT REALISTICALLY THAT THAT PROBABLY WILL NOT HAPPEN.

LET'S LOOK AT OUR CURRENT YEAR END OF YEAR ESTIMATES.

SO CURRENT YEAR, END OF YEAR ESTIMATES ARE WE WORK WITH EACH DEPARTMENT TO GO AHEAD AND COME UP WITH THOSE ESTIMATES.

THOSE ARE DONE ABOUT SIX MONTHS INTO THE FISCAL YEAR, WHICH WOULD BE ABOUT THE FIRST QUARTER OF THIS CALENDAR YEAR.

SO SOMETIME WE START IN APRIL WITH MAY.

SO WHILE I LIKE PRESENTING THIS AND THIS IS A REQUIREMENT, I DO ALWAYS SAY THERE'S A LOT OF GRAY AREA WHEN IT COMES TO THIS BECAUSE YOU TRULY HAVE TO DETERMINE A YEAR, AN ESTIMATE BASED ON THE CURRENT STATUS AT THAT TIME.

SO AGAIN, LIKE WE TALKED ABOUT STAFFING, THINGS COULD CHANGE BY THE END OF THE YEAR.

YOU COULD HAVE NEW STAFF THAT'S ADDED, YOU COULD HAVE VACANCIES, YOU COULD HAVE UNFORESEEN OPERATIONAL EXPENDITURES THAT HAPPEN AT A LATER TIME THAT ISN'T ACCOUNTED FOR.

SO WHILE IT GIVES YOU AN IDEA OF WHERE WE MAY BE HEADING, IT'S NOT A TRUE PICTURE.

AND THEN USUALLY BY THE NEXT FISCAL YEAR WHEN I COME IN, THE NUMBERS LOOK VERY DIFFERENT.

AND, YOU KNOW, PEOPLE MAY SAY, WELL, WHAT HAPPENED TO LAST YEAR'S YEAR END ESTIMATES THAT WERE CALCULATED? SO IT IS IT'S YOU KNOW, WE DO PRECEDE THOSE WITH CAUTIONS AND THOSE ARE TRULY ESTIMATES.

BUT BASED ON WHAT HAS BEEN ENTERED WITHIN OUR ESTIMATED REVENUES AND OUR ESTIMATED EXPENDITURES WITHIN THE GENERAL FUND AT THE MOMENT, YOUR NUMBERS WILL TELL YOU THAT THERE IS AN $11.8 MILLION SURPLUS.

HOWEVER, THAT DOES INCLUDE USAGE OF FUND BALANCE BECAUSE THIS IS WHEN EXPENDITURES THAT WE ARE BUDGETING FOR THAT ARE BEING ALLOCATED FROM THAT BUCKET THAT WE'RE USING FROM THAT CASH ON HAND HAS TO BE OFFSET.

SO ESSENTIALLY WHAT I DO IS, IS I GO AHEAD AND IF THERE'S $1 MILLION REQUEST FOR CERTAIN CAPITAL ITEM BECAUSE I HAVE TO ADOPT A STATUTORY REQUIRED BUDGET, I HAVE TO RECORD THAT CASH ON HAND AS REVENUE IN ORDER TO SUPPLY THAT DEPARTMENT WITH THOSE EXPENDITURES.

[00:35:06]

IT IS AN ANTICIPATION THAT WE SHOULD GET IN ABOUT 2.6 MILLION IN REVENUE ABOVE THE BUDGETED AMOUNTS.

THIS WOULD INCLUDE ANYTHING FROM OUT OF REVENUES.

WHILE THOSE ARE PROVIDED BY THE STATE, I DO FREQUENTLY SEE THAT THEY'RE NEVER TRULY ACCURATE.

AT TIMES THEY DO COME IN A LITTLE BIT HIGHER AND THERE IS AN ANTICIPATION OF 9.1 MILLION IN EXPENDITURES BELOW BUDGETED AMOUNTS.

SO IF YOU NET THAT OUT, THAT WOULD EQUAL YOUR 11.7.

HOWEVER, I DID DO A LITTLE BIT MORE OF A DEEP DIVE AND CURRENTLY AS OF YESTERDAY, WE HAVE 45 ACTIVE PROJECTS WHICH HAVE DEDICATED BALANCES OR DEDICATED BUDGETS THAT NEED TO BE PAID BY THE END OF THE YEAR OR WE'LL ROLL TO THE FOLLOWING YEAR. TWO MAJOR ITEMS THAT ARE IN THAT GENERAL FUND THAT ARE PART OF THIS IS OUR FIRE STATION SEVEN CONSTRUCTION.

SO WE TALKED ABOUT THAT 3.9 MILLION THAT WAS ALLOCATED THIS YEAR.

UNLESS WE GO REALLY FAST AND WE TRY TO SPEND ALL THAT 3.9 MILLION, A MAJORITY OF THAT IS ANTICIPATED TO ROLL TO THE NEXT YEAR.

SO WHILE YOU THINK IT'S A SAVING THIS YEAR, IT'S ACTUALLY COMMITTED TO BE SPENT NEXT YEAR.

AND THE OTHER BIG ITEM IS OUR FINANCIAL SYSTEM.

SO THE GENERAL FUND DOES HAVE 2.8 MILLION, 2.02 MILLION FLAT DEDICATED TO THE NEW ERP SYSTEM THAT WILL COME OUT.

AND SAME CONCEPT AT THE TIME OF WHEN THE YEAR END ESTIMATES WERE WERE DONE.

THOSE WERE NOT ANTICIPATED TO BE FULLY EXPENSED BY THE END OF THE YEAR.

SO BETWEEN THOSE TWO, WE ALREADY HAVE APPROXIMATELY 5.9 PLUS ABOUT 3.9 OR 2.9 COLLECTIVE TOTALLY I'M SORRY, TOTALING 5.9.

BETWEEN THOSE TWO, WE HAVE 2 MILLION FOR THE FINANCIAL SYSTEM AND 3.9 FOR THE FIRE STATION.

SO WHEN YOU DEDUCT THAT ALREADY OUT OF THE 11.7 MILLION, IT ALREADY STARTS REDUCING.

AND WE DO HAVE 45 ACTIVE PROJECTS.

SO WHETHER THEY WILL BE EXPENSED BY THE END OF THE YEAR OR NOT, THAT AT THAT TIME IS YET TO BE DETERMINED.

SO IT'S A VERY HIGH LEVEL ESTIMATE OF WHAT OUR ANTICIPATED END THE YEAR ESTIMATES WOULD BE.

LET'S GO AHEAD AND REVIEW AGAIN OUR HIGHLIGHTS, THOUGH.

FOR THE YEAR, WE HAVE INCREASED OUR SHARED REVENUES THAT WERE EXCEEDING THE APPROVED BUDGET BY 1.1 MILLION.

SO USUALLY WHAT HAPPENS IS I CHECK THIS MORNING THE STATE SHARED REVENUES HAVE NOT COME IN YET.

THEY ALWAYS START WITH END OF MAY AND THEN IT GOES INTO JUNE AND THEN IT GOES INTO JULY.

THEY HAVE NOT BEEN PUBLISHED YET.

SO OUR FISCAL YEAR 24 ARE IS BUILT ON CONSERVATIVE INCREASES, SO CONSERVATIVE ESTIMATES OF INCREASES.

HISTORICALLY, I HAVE SEEN THE ACTUALS BE HIGHER THAN WHAT WE'RE ANTICIPATING.

AND THEN, OF COURSE.

THE CLOSEOUT FOR THE YEAR.

I SEE EVEN A VARIANCE FROM THAT.

SO COLLECTIVELY, FROM WHAT I'VE SEEN, WE'RE ANTICIPATING THAT THOSE ESTIMATES FOR STATE SHARED REVENUES, WHICH AGAIN ARE ABOUT 21% OF THE BUDGET, ARE AT ABOUT 1.1 MILLION ABOVE WHAT WE'VE BUDGETED.

CAPITAL FUNDING CONTRIBUTIONS AGAIN.

FIRE STATION SEVEN IS 3.9 MILLION, WHICH IS FOR 23.

WE'LL TALK ABOUT 24 IN A LITTLE BIT.

AND WHAT WE'VE DONE RECENTLY IS OUR PUBLIC SAFETY DEPARTMENTS, POLICE AND FIRE HAVE WORKED WITH OUR HOUSING DEPARTMENT OR OUR COMMUNITY ECONOMIC DEVELOPMENT DEPARTMENT.

BUT OUR HOUSING DIVISION ON USING A LOT OF THE HUD GRANTS TO FUND THESE PUBLIC SAFETY NEEDS.

SO RELIEVING THE GENERAL FUND OF SOME OF THOSE EXPENDITURES.

AND UP UNTIL RECENTLY, THAT DID INCLUDE A $1.1 MILLION COIN APPARATUS AND AN ADDITIONAL 395,000 TOWARDS RADIOS AND AIR PACKS AND SOME OTHER VEHICLES AND TRAILERS.

SO THAT'S A GREAT SOURCE OF FUNDING THAT THE GENERAL FUND DID NOT HAVE TO CONTRIBUTE.

THOSE WERE SOURCED OTHER WAYS.

AS I MENTIONED, WE HAD WE COMPLETELY SUCCESSFULLY COMPLETED OUR COLLECTIVE BARGAINING AGREEMENTS WITH OUR NATIONWIDE CONTRACTS AND THOSE IMPACTS ON THE BUDGET, BECAUSE THOSE ARE REALLY DONE AFTER THE BUDGET IS APPROVED, WAS ONLY ABOUT 170,000, MAINLY BECAUSE WHEN WE PREPARE THE BUDGET FOR NEXT YEAR, WE HAD ALREADY

[00:40:02]

SO THE OVERALL IMPACT WAS MAINLY ON WHAT I SAW A LOT OF PERSONNEL TYPE EQUIPMENT, WHICH IS SHOES, SAFETY EQUIPMENT, GLASSES FOR OUR MAINTENANCE WORKERS, THINGS LIKE THAT.

AND THEN WE HAVE SOME LONGEVITY THAT WAS PUT IN.

SO THAT WAS MAYBE BETTER PLANNING AHEAD OF TIME WHERE WE ANTICIPATED THAT INCREASE AND THAT KIND OF WORKED OUT FOR US.

AND AS YOU KNOW, WE DID COMPLETE OUR SALARY STUDY AND THE ADDITIONAL COSTS OF THAT WAS $2.8 MILLION.

SO AFTER THAT PROCESS WENT THROUGH AND THE SALARY STUDIES FOR ALL THE GENERAL EMPLOYEES THAT IMPACT COLLECTIVELY WAS $2.8 MILLION ON THE GENERAL FUND. ALL RIGHT.

LET'S TALK ABOUT OUR PROPOSED BUDGET FOR NEXT YEAR ON A HIGH LEVEL.

AS I MENTIONED, REQUIRED PER STATUTORY LAW.

166 .241.

WE ARE REQUIRED TO ADOPT A BALANCED BUDGET, AND THAT WOULD BE $105.8 MILLION WITHOUT USAGE OF ANY KIND OF FUND BALANCE.

THE PRELIMINARY BUDGET WAS BUILT ON A 3% CAP, AND WE WILL GO INTO THOSE RATES IN A LITTLE BIT.

OUR PRELIMINARY OVERALL AVERAGE INCREASES FOR OUR STATE SHARED REVENUES ARE ABOUT 6.6%.

THAT IS USUALLY CONSERVATIVE AT TIMES.

WE DO HAVE THEM COME IN A LITTLE BIT HIGHER.

OUR SALARY INCREASE WE HAVE INCLUDED FOR OUR GENERAL EMPLOYEES AND OF COURSE OUR CITY COUNCIL PER THE CONTRACT AND OUR UNION CONTRACTS IS 3% OR WHATEVER THE CONTRACTUAL AMOUNT IS TELLS US.

THE NEXT ITEM I WANT TO TALK ABOUT A LITTLE BIT MORE IN DETAIL IS OUR HEALTH INSURANCE BENEFITS DECREASED BY 12.7%.

SO THIS IS SOMETHING WE WORK THROUGH WITH OUR HUMAN RESOURCE DEPARTMENT.

SO WHAT WE HAVE SEEN IS ABOUT SINCE COVID, THE PROJECTIONS OF OUR PLAN INCREASES WERE SOMEWHERE BETWEEN 5 AND 7%.

AND THIS IS REALLY THE FIRST UPCOMING YEAR WHERE WE SAW THE RATES.

THE CITY REQUIRED CONTRIBUTION RATES PER EMPLOYEE DROP.

SO I SAID, OH, THIS IS THIS IS INTERESTING.

THIS IS SOMETHING TO LOOK A LITTLE BIT MORE INTO.

AND WHAT WE NOTICED IS, IS THAT THEY TRULY, AS FAR AS OUR RATE CONSULTANTS FOR THE HEALTH INSURANCE, THEY WERE HEAVIER ON THE ANTICIPATED INCREASE OF WHAT THOSE COSTS WOULD BE AND FOR FISCAL YEAR 23.

BECAUSE REMEMBER, WE BUILD THE BUDGET BASED ON ANTICIPATED RATE INCREASE BECAUSE HEALTH INSURANCE GOES EFFECT 12 TO 1.

SO IT'S SORT OF AN OFF IT'S PER CALENDAR YEAR IN OUR FISCAL YEAR RUNS FROM OCTOBER 1ST TO SEPTEMBER 30TH.

SO WE ALWAYS HAVE TO BUILD THE BUDGET BASED ON AN ANTICIPATED RATE.

AND THEN REALLY TRULY NINE MONTHS OUT OF THE YEAR WHEN YOUR ACTUAL COSTS HIT US.

SO YOU BUILD EVERYTHING ON A 5 OR 7% AND THEN YOU GET HIT WITH WHAT THE ACTUAL INCREASE BASED ON USAGE OF THE FUND. AND ALL OF THAT IS.

SO FOR FISCAL YEAR 23, WE DID BUILD THE GENERAL FUND HEALTH INSURANCE PORTION ON WHAT WAS SUGGESTED BY THE CONSULTANTS OF 7%, AND THE ACTUAL INCREASES WAS ONLY TWO AND ONE HALF PERCENT.

SO AS YOU SEE IN THIS UPCOMING FISCAL YEAR, WE'RE NOW GOING DOWN TO A 5% ESTIMATED INCREASE.

WE DON'T NO LONGER NEED TO STAY AT THAT SEVEN BECAUSE THE ACTUALS ARE ACTUALLY MUCH LOWER.

SO WHAT YOU WILL BE SEEING IS A DECREASE OF ACTUAL 12 12.7% FROM FISCAL YEAR 23.

I DON'T ANTICIPATE THAT TO CONTINUING LIKE THAT.

SO THIS WAS JUST THAT ANOMALY AND WE HAD REVIEWED IT WITH OUR FINANCE DIRECTOR AND H.R.

AND I THINK OUR OUR BEST GUESS IS THAT DUE TO COVID, THERE WAS THAT HIGHER ANTICIPATION OF HIGHER USAGE AND THEN IT SORT OF STARTED LEVELING OUT.

AND NOW WE'RE SORT OF COMING OUT OF IT WHERE IT'S, YOU KNOW, DROPPING A LITTLE BIT.

AGAIN, WE TALKED ABOUT OUR MANDATORY POLICE AND FIRE RETIREMENT CONTRIBUTIONS.

THOSE ARE ADEQUATELY FUNDED AND THAT WAS AN INCREASE OF 38.2%.

WE ARE DEDICATING 2.75 MILLION TO ROAD MAINTENANCE, WHICH IS UP FROM THAT 1 MILLION THAT'S INCLUDED IN THE APPROVED BUDGET IN PREVIOUS YEARS. AND WE ARE MEETING OUR GENERAL FUND ANNUAL DEBT SERVICE REQUIREMENTS OF $6.4 MILLION.

SO OVERALL, WITHIN THE 105.7, THIS IS WHAT OUR HIGHLIGHTS ARE AND OUR FOCUS AND WHAT WE'RE HOPING TO ACCOMPLISH AND ALL OF THAT

[00:45:06]

OUR ANNUAL DEBT SERVICE REQUIREMENTS.

SO THIS IS JUST FOR FULL DISCLOSURE.

THIS IS WHAT WE HAVE OBLIGATED TO PAY FOR FISCAL YEAR 24.

SO THIS IS JUST LOOKING AT YOUR GENERAL FUND PORTION OF WHAT THE INTEREST PRINCIPAL AND INTEREST PAYMENTS FOR THE FISCAL YEAR IS.

SO AS I MENTIONED, FOR THE GENERAL FUND, THE TOTAL AMOUNT THAT IS PART OF THOSE TRANSFERS THAT GO OUT TO THE DEBT SERVICE FUNDS IS ABOUT $6.4 MILLION.

WE DO LIST SOME OF THE SOME OF THE ADDITIONS IS THAT SOME OF THE DEBT SERVICE DOES HAVE A TRANSPORTATION IMPACT FEE FUNDED REQUIREMENT AS WELL.

SO THAT IS FOR DISCLOSURE.

BUT AS FAR AS THE GENERAL FUND PORTION IS $6.4 MILLION AND THIS GIVES YOU ALL OF THE DEBT SERVICE, ITEMIZED BONDS AND NOTES AND THE AMOUNTS CURRENT YEAR THAT ARE DUE AND NEXT YEAR.

SO YOU SEE IT IS PRETTY STAGNANT, YOU KNOW, FOR THIS CURRENT YEAR AT 6.34 AND FOR NEXT YEAR IT'S 6.37.

AND THEN IT ALSO TELLS YOU THE FINAL PAYMENTS.

AND AGAIN, I WOULD LIKE TO DISCLOSE THAT WE DO HAVE A RATING INCREASE, WHICH IS SOMETHING THAT'S THAT'S GREAT TO HEAR.

SO AS PER THE S&P, STANDARD AND POOR'S GLOBAL LONG TERM RATING INCREASES, WE'RE IN A VERY HEALTHY CONDITION WHEN IT COMES TO OUR GENERAL FUND FINANCIALS.

ALL RIGHT. SO LET'S AGAIN SHIFT OUR FOCUS TO NEXT YEAR, RIGHT? SO WE TALKED ABOUT 2022 COMING IN 2023 OF WHAT THE END YEAR LOOKS LIKE, WHAT WE'VE ACCOMPLISHED.

AND LET'S TAKE THAT DEEPER DIVE INTO 2024.

I ALWAYS LIKE TO START WITH OUR FUNDING REQUESTS BECAUSE WE'VE ALREADY TALKED ABOUT OUR AD VALOREM MILLAGE.

WE TALKED ABOUT WHERE WE'RE PLANNING ON SETTING THOSE FUNDS WHEN IT COMES TO EXPENDITURES.

AND SO WE ALREADY TALKED ABOUT ALL OF THAT.

BUT LET'S TALK A LITTLE BIT ABOUT OUR FUNDING REQUESTS.

SO IF YOU MAY NOT KNOW, BUT THE PROCESS IS, IS THAT DEPARTMENTS DO PUT COLLECTIVELY TOGETHER EACH DEPARTMENT FIRST.

AND THEN FROM OUR END, WE PUT THEM ALL TOGETHER.

THEY DO SUBMIT ALL OF THEIR REQUESTS, WHETHER IT'S PERSONNEL OPERATING OR CAPITAL TO OUR DEPARTMENT.

AND THEN IT IS REVIEWED WITH CITY MANAGEMENT BASED ON WHAT WE BELIEVE OUR PROPERTY TAX VALUATIONS MAY BE WHEN WE ESTIMATE WHAT OUR STATE SHARED REVENUES ARE.

AND THEN WE LOOK AT HOW MUCH MONEY DO WE POTENTIALLY HAVE TO SPEND AND WHAT CAN WE FUND WITH THAT.

SO WHEN IT COMES TO GENERAL FUND, IN TOTAL WE HAD $16.2 MILLION IN REQUESTS, ABOUT 64% OR 10.4 MILLION OF THAT IS CAPITAL 17% OR 2.7 IS PERSONNEL.

AND THEN THAT REMAINDER OF THREE, ROUGHLY ABOUT 3 MILLION OR 19% ARE OPERATING REQUESTS.

UM, AS FAR AS UNFUNDED.

SO INITIALLY WE HAVE THE 16.1 COME IN OR 16.2 IF YOU WANT TO RUN ROUND IT UP.

AND WE GO THROUGH THAT PROCESS OF WHAT DO WE HAVE TO SPEND, WHAT ARE WE LOOKING AT ALLOCATING? AND REMEMBER, HIGH PRIORITY ITEMS ARE ALWAYS A MUST DO.

THIS IS WHAT HAS TO BE PAID AND WE ARE LOOKING AT A TOTAL FUNDING OF OR A TOTAL UNFUNDED AMOUNT OF ABOUT $12.1 MILLION, WHICH YOU'RE TALKING ABOUT A $4 MILLION BEING ABLE TO FUND THOSE REQUESTS THAT HAVE COME IN.

SO OUT OF THAT 16, WE WERE ABLE TO.

PROVIDE AND SOME ALLOCATION, SOME BUDGETS FOR ABOUT 4 MILLION OF THAT.

SO 12.1 MILLION OR ABOUT 75% WE ARE NOT ABLE TO FUND BASED ON THE CURRENT STRUCTURE OF MEETING THAT 3% CAP.

WE WERE ABLE TO FUND 2.5 MILLION IN HIGH PRIORITY NEEDS.

SO REMEMBER, HIGH PRIORITY NEEDS ARE MUST DOS.

THEY ARE CONTRACTUALLY OBLIGATED OR ANY KIND OF ONGOING CONTRACTUAL OBLIGATIONS OR SOME TYPE OF MANDATE.

SO WHEN WE DO OUR FUNDING REQUESTS, WE TALK ABOUT WHAT IS A HIGH PRIORITY.

THAT IS OUR FIRST STOP, RIGHT? IS A LUMP SUM. THIS IS WHAT WE'RE DEDICATING.

AND OF THAT 2.5 MILLION OF HIGH PRIORITY ITEMS, 1.7 IS PUBLIC SAFETY RELATED.

SO WHEN WE'RE TALKING ABOUT THOSE RADIO REPLACEMENTS, AIR PACKS, REGULATORS, A LOT OF THOSE HAVE DROP DEAD SERVICE DATES WHERE THEY ARE NOT ABLE TO BE USED AFTER A CERTAIN TIMEFRAME.

SO THAT'S WHAT AUTOMATICALLY MAKES IT A HIGH PRIORITY ITEM.

[00:50:05]

I AM STILL WORKING ON THE FIVE YEAR CAPITAL PLAN.

WE HAD SOME LAST MINUTE ADDITIONS TO THAT, SO I'M STILL FINALIZING THAT.

HOWEVER, BASED ON THE TOTAL REQUESTS, SO THIS IS NOT FUNDED OR UNFUNDED, THIS IS JUST THE TOTAL REQUESTS OF THE 64% OR 10.4 MILLION. 70% OF THAT IS SIMPLY JUST ASSET PRESERVATION OR REPLACEMENT.

SO WHAT THAT TELLS YOU IS VEHICLES, EQUIPMENT, BUILDINGS, SIDEWALKS, ANYTHING THAT IS CURRENTLY IN PLACE THAT NEEDS TO BE REPLACED, WHETHER IT'S DUE TO IT BEING INOPERABLE, IT'S DUE TO HIGH MAINTENANCE COSTS, IT'S DUE TO VARIOUS THINGS.

IS OF THAT 10 MILLION, ABOUT SEVEN, 7.3 OR 70% IS MERELY JUST FOR REPLACING CURRENT INFRASTRUCTURE AND CURRENT ASSETS ON HAND. SO LET'S TALK ABOUT THAT FOR FOUR AND ONE HALF MILLION OF AMOUNT THAT WE WERE ABLE TO FUND WITHIN THE BUDGET, AS IS THAT WE CURRENTLY HAVE CURRENTLY BASED ON THE 3% CAP, THIS IS WHAT WE'RE ACTUALLY ABLE TO FUND. WHEN WE DO DISCLOSE OR WHEN WE DO PUBLISH THE PROPOSED BUDGET, IT'LL ACTUALLY BE ITEMIZED.

IF YOU WANT ME TO ITEMIZE EVERYTHING, WE'LL ADD MAYBE ABOUT TEN SLIDES.

BUT IN A NUTSHELL, THIS IS THE TOTAL BUDGETED REQUEST THAT WE ARE ABLE TO FUND WITH WITH THAT AMOUNT.

SO AS YOU SEE ON THE LEFT HAND SIDE, WE'RE BROKEN IT DOWN BY DEPARTMENT.

SO AGAIN, YOUR FIRE AND POLICE DEPARTMENT WILL ACCOUNT FOR THE LARGEST AMOUNT OF THAT 4.7 MILLION, ABOUT TO ABOUT 3 MILLION.

OF THAT, ABOUT 62% OF OUR TOTAL FUNDING CAPABILITIES UNDER THE 3% CAP IS FOR OUR PUBLIC SAFETY DEPARTMENTS.

AND ON THE RIGHT HAND SIDE, YOU'LL JUST SEE IT BROKEN DOWN BY TYPE LIKE WE LIKE TO DO BETWEEN PERSONNEL OPERATING AND CAPITAL.

IT'S ACTUALLY GREAT THAT WE ARE INVESTING QUITE A BIT IN CAPITAL.

SO THAT 2.5 MILLION, WHICH ACCOUNTS FOR ABOUT 54%.

SO AS YOU SEE, IT SORT OF TIES INTO WHEN WE TALKED ABOUT OUR GOALS FOR THE YEAR AND EVEN FOR OUR ACCOMPLISHMENTS FOR THIS YEAR, OUR HEAVY FOCUS IS ON INVESTING IN OUR CITY CAPITAL, WHICH AGAIN, WE JUST SHOWED YOU 70% IS JUST THROUGH ASSET PRESERVATION AND REPLACEMENT. SO WE ARE HEAVILY FOCUSING ON THAT.

AND AGAIN, OUR PUBLIC SAFETY DEPARTMENTS WHO ACCOUNT FOR ABOUT HALF OF OUR BUDGET, REALLY USUALLY OUR TOP, TOP PRIORITY WHEN IT COMES TO PERSONNEL AND OPERATING.

WE ARE ADDING 16 POSITIONS INTO THE BUDGET JUST FOR OUR GENERAL FUND.

THAT IS FIVE FIREFIGHTERS, SIX POLICE OFFICERS.

WE DO HAVE A CODE COMPLIANCE OFFICER.

THAT DEPARTMENT IS IN NEED OF AN ADDITIONAL BODY.

WE HAVE COLLECTIVELY THREE FTES FOR PARKS AND FACILITIES, WHICH IS MAINTENANCE WORKERS AND TRADE WORKERS.

AND WE ARE HOPING TO ADD ONE PROJECT MANAGER FOR OUR INFORMATION TECHNOLOGY DEPARTMENT.

AND AGAIN, OPERATIONAL INCREASES.

WE DO HAVE A HEAVY FOCUS ON OUR STREET AND TRAFFIC LIGHT.

THOSE DO NEED MAINTENANCE SPANNING THINGS AND GENERAL MAINTENANCE ON THOSE THOSE ITEMS IS COSTLY.

AND JUST LIKE I MENTIONED, IS THE THE THE THE MESSAGE REALLY THAT HAS BEEN IS IS ON ALL THE CONTRACTUAL INCREASES.

SO WHETHER IT'S YOUR FLORIDA POWER AND LIGHT, YOUR CLEANING, YOUR MAINTENANCE, ANYTHING LIKE THAT AND EVEN OUR IT SUBSCRIPTIONS WERE REQUIRED TO HAVE ON HAND AND EVERYTHING IS GOING UP AND THOSE HAVE TO BE PAID.

ALL RIGHT. LET'S TAKE A LITTLE BIT MORE OF A DEEP DIVE INTO OUR FUNDED CAPITAL ACCOMPLISHMENTS.

SO, AGAIN, OUT OF THAT 10.4 MILLION THAT WE JUST TALKED ABOUT, WE'RE ABLE TO FUND ABOUT A QUARTER, SO 24% OR 2.5 MILLION.

SO THAT REALLY.

SHOWS THAT MESSAGE THAT WE ARE COMPARATIVE TO PREVIOUS YEARS, REALLY TRYING TO FOCUS ON WHATEVER AVAILABILITY OR WHATEVER CAPABILITIES IF WE HAVE INTO CAPITAL.

AND AS I MENTIONED, IS IS OUT OF ALL OF THAT 70% IS JUST REPLACING CURRENT AGING INFRASTRUCTURE AND CAPITAL ASSETS.

SO IT REALLY EXPLAINS ITSELF.

WE ARE WORKING HEAVILY ON PUBLIC SAFETY, OUR FUNDING RADIO REPLACEMENTS, WHICH IS A REQUIREMENT CYBERSECURITY.

WE ARE WORKING ON FIBER EXPANSIONS AND THEN WE ARE DOING SOME MODERNIZATIONS TO THE ELEVATOR, CITY HALL AND PUBLIC POLICE DEPARTMENT

[00:55:04]

I KNOW THAT IT WAS BROKEN DOWN EARLIER.

SO WE'RE ALL, I THINK, GRATEFUL FOR HAVING THAT MODERNIZATION IN IN THAT IN ITS FOR SAFETY PURPOSES AS WELL.

ONE THING THAT OUR POLICE DEPARTMENT IS HEAVY ON IS, IS THAT EVEN THOUGH WE ARE ADDING SIX FTES, THEY ARE VERY GOOD ABOUT OUTSOURCING OR I DON'T WANT TO CALL IT OUTSOURCING, BUT UTILIZING IMPACT FEES FOR THOSE CAPITAL NEEDS.

SO OF COURSE, WITH A POLICE OFFICER, WE USUALLY ON BOARD OR NEED TO PROCURE A VEHICLE AND ANYTHING TO OUTFIT THAT THAT VEHICLE.

SO WHILE NOT INCLUDED IN THE BUDGET, YOU SHOULD IF IF IT DOES GET APPROVED AND WE DO ADD THOSE SIX FTES, YOU SHOULD SEE A REQUEST FOR USAGE OF IMPACT FEES THAT FIRST COUNCIL OR FIRST OR SECOND COUNCIL MEETING IN OCTOBER TO OUTFIT THOSE POLICE OFFICERS.

AND THAT AGAIN, IT ALLEVIATES THE BURDEN ON THE GENERAL FUND.

ALL RIGHT. SO NOW WE HAVE TAKEN THAT DEEP DIVE INTO THE GENERAL FUND.

SO LET'S TALK HIGH LEVEL ABOUT ENTERPRISE AND OTHER FUNDS.

SO WHEN IT COMES TO ENTERPRISE FUNDS, I WILL KEEP YOU USUALLY KEEP IT SHORT AND SWEET, MAINLY BECAUSE THE FUNDING IS THERE TO SUPPORT, IN A NUTSHELL, THOSE NEEDS THAT THEY HAVE, WHETHER IT'S PERSONNEL OPERATING OR CAPITAL.

SO I KEEP IT VERY HIGH LEVEL.

WE DO TALK ABOUT STILL THE SAME THING, CURRENT YEAR ESTIMATES AND NEXT YEAR.

BUT BECAUSE THEY WORK A LOT OR OPERATE SORT OF LIKE A BUSINESS WHERE THEY GENERATE THEIR OWN REVENUE AND IT IS DEDICATED THERE THAT THE FUNDING IS USUALLY AVAILABLE FOR ALL OF THEIR REQUESTS, WHICH A LOT OF IT IS CAPITAL.

SO THE FIRST HIGH LEVEL OVERVIEW IS SORT OF A FINANCIAL SIDE OF THINGS.

AS YOU SEE, I DON'T REALLY GO INTO ON THE DEPARTMENT LEVEL.

I DO IT MORE ON A HIGHER LEVEL FUND LEVEL, BUT AS I MENTIONED, IS UTILITIES OPERATING.

THEY BOTH HAVE AN OPERATING FUND AND THEN COLLECTIVELY THEY HAVE CAPITAL FUNDS.

OUR BUILDING FUND OPERATES AND HOUSES, OUR BUILDING DEPARTMENT AND THEN STORMWATER AND SOLID WASTE.

OUR PUBLIC WORKS DEPARTMENTS DON'T PRIMARILY OPERATE IN THOSE FUNDS, BUT OF COURSE THOSE FUNDS ARE DEDICATED FOR SPECIFIC PURPOSE.

SO THESE ARE ALL OF OUR ENTERPRISE FUNDS.

SO FOR FISCAL YEAR 24, AS YOU SEE, IT'S BROKEN DOWN BY REVENUES AND EXPENDITURES.

I HAVE NOT BALANCED THAT BUDGET AT THAT TIME.

SO WHAT YOU WILL SEE IS TRUE REVENUES COMING IN AND TRUE EXPENDITURES.

WHAT YOU WILL SEE, ESPECIALLY FOR EXAMPLE IN STORMWATER, WHICH IS A GOOD EXAMPLE, STORMWATER HAS ANTICIPATED REVENUES OF 9.5 MILLION AND ANTICIPATED EXPENDITURES OF 14.4.

SO THIS IS WHERE WE DO USE FUND BALANCE TO BALANCE THOSE FUNDS.

SO BECAUSE THEIR FUNDS ARE DESIGNATED FOR SPECIFIC PURPOSE, STORMWATER OF COURSE IS FOR STORMWATER PROJECTS, SO THEY USE CASH ON HAND TO GO AHEAD AND FUND THOSE PROJECTS.

SO USUALLY WHAT WE DO WITH THEIR ACCOUNTING STAFF IS WE GO AHEAD AND HAVE A PLAN AND WE DO OPEN THOSE PROJECTS FOR THE UPCOMING YEAR USING THAT CASH ON HAND. SO ONCE WE MOVE INTO THE ACTUAL PUBLICATION OF THE PROPOSED BUDGET, YOU DO WILL SEE THOSE BALANCE.

SO MY ANTICIPATION IS, FOR EXAMPLE, WITH A STORMWATER, YOU WILL SEE REVENUES MATCHING THOSE EXPENDITURES AND THAT DIFFERENCE BETWEEN THE 4.4 MILLION AND THE 9.5 WILL SIMPLY BE USAGE OF CASH ON HAND TO FUND THOSE PROJECTS.

UM, WE HAVEN'T BROKEN DOWN BY PERSONNEL OPERATING AND CAPITAL.

SO IF YOU'RE INTERESTED IN A MORE DEEPER DIVE INTO WHAT THOSE FUNDS DO, I DID MENTION THAT THOSE THEY ARE ENTERPRISE FUNDS AND THEY GENERALLY WE DON'T WANT TO SAY THEY DON'T SHARE.

SO WHATEVER GOES INTO THAT FUND STAYS IN THAT FUND.

THE ONLY DIFFERENCE THAT WE DO HAVE IS WITHIN THE UTILITIES OPERATING FUND, THERE ARE TRANSFERS.

SO WHAT HAPPENS IS, IS THAT OUT OF THAT OPERATING FUND, CASH IS TRANSFERRED TO CAPITAL FUNDS TO DO CONSTRUCTION ON CERTAIN THINGS, OR THERE'S A REQUIREMENT OF A FUND BALANCE THAT THEY'RE REQUIRED TO HAVE PER STATUTE AND PER FINANCIAL POLICIES.

SO THERE ARE TRANSFERS THAT HAPPEN, BUT THEY ARE NOT TRANSFERS TO NECESSARILY THE GENERAL FUND.

SO THE ONLY PORTION THAT IS TRANSFERRED TO THE GENERAL FUND IS, IS THE RETURN ON INVESTMENT, WHICH IS ABOUT 800,000.

AND THAT WAS AN AGREEMENT THAT WAS PUT IN PLACE.

SO TRANSFERS IS REALLY NOT APPLICABLE OUTSIDE OF THAT AREA.

HOWEVER, AS YOU CAN TELL, IT'S CAPITAL IS A BIG PART, ESPECIALLY STORMWATER, WHERE WE'RE TRULY INVESTING THOSE CASH ON HANDS ITEM INTO THOSE

[01:00:08]

ONE THING THAT WE DO HAVE, OUR STORMWATER RATE IS STILL BASED ON A 131 TRUE.

SO OF COURSE AS THINGS ADJUST AND AS WE GO INTO THE ADOPTION PROCESS AND ANY RATES ARE CHANGED, THEN WE GO AHEAD AND CHANGE THAT BUDGET ACCORDINGLY.

A SIMILAR TO THE GENERAL FUND.

LET'S GO AHEAD AND TALK ABOUT THE ACCOMPLISHMENTS OF WHAT WE ARE ABLE TO FUND.

I ENTERED ALL THESE AND WHAT I WILL TELL YOU IS, IS WE WERE ABLE TO FUND ALL THE REQUESTS.

SO I'M NOT GOING TO GO INTO.

THIS IS WHAT WAS REQUESTED.

THIS WAS WHAT WAS FUNDED BECAUSE WE DID FUND EVERYTHING AT 100%.

AND THIS IS JUST A BREAKDOWN BASED AGAIN, ON WE HAVE OUR UTILITIES OPERATING.

AND THEN I ALSO BROKE IT DOWN BY CAPITAL.

OUR BUILDING, WE HAVE ROAD MAINTENANCE, OUR GEO BOND PROGRAM, WHICH IS HOUSED UNDER PUBLIC WORKS, AND THEN AGAIN, STORMWATER UTILITY AND SOLID WASTE.

SO WHAT YOU SEE IS, IS COLLECTIVELY WE'RE ABLE TO FUND $74.2 MILLION.

AND OF THAT REALLY THE MAJORITY OF IT IS CAPITAL.

SO WHEN YOU ARE LOOKING AT WHAT HAS BEEN ADDED TO THE BUDGET OF THAT 74.2 MILLION, NEARLY 70.5 MILLION ARE TOWARDS CAPITAL NEEDS.

THE BIGGEST ONE THAT STANDS OUT IS OUR ROAD PROGRAM.

SO WHAT WE DO IS WE WORK WITH PUBLIC WORKS ACCOUNTING AND THEY DO GIVE US A LIST OF ANTICIPATED PROJECTS THAT ARE TO BE OPENED FOR THIS FISCAL YEAR. WE GO AHEAD AND BUILD THAT INTO THE BUDGET AND WE GO AHEAD AND OPEN THEM FOR THEM TO START WHATEVER PROCESS THEY NEED TO COME.

TEN ONE SO OUR ROAD PROGRAM IS REALLY ALMOST 60% OF THAT 74, 70.5 MILLION.

SO IT AGAIN, IT MIRRORS OR TALKS AGAIN ABOUT OUR HEAVY FOCUS ON EXISTING ROADWAYS AND AN EXPANSION.

SO WE'RE ABLE TO INVEST IN THAT.

A HIGH LEVEL FUNDING ON WHAT HAS BEEN FUNDED.

ALSO 16 POSITIONS COLLECTIVELY.

SO KIND OF MIRRORS WHAT THE GENERAL FUND IS DOING ON THIS SIDE.

IT'S MOSTLY MECHANICS, TECHNICIANS, OPERATORS AND INSPECTORS.

SO THAT IS THE NEED.

SO OF COURSE, WITH THE GROWTH IN THOSE PROJECTS, WITH GROWTH IN UTILITIES, WHEN WE'RE BUILDING NEW FACILITIES, YOU DO NEED THAT STAFFING. MAJORITY OF THE OPERATIONAL INCREASES ARE AGAIN DUE TO COSTS CONTRACTS THAT ARE GOING UP.

A LOT OF IT IS CHEMICALS AND ELECTRIC SERVICES.

SO THAT MESSAGE IS REALLY THROUGHOUT AND HAS BEEN FOR FOR THE PAST MAYBE THE PAST YEAR, CURRENT YEAR AND PROBABLY ALSO INTO 25, 95% OF THE FUNDING ACCOMPLISHED ARE CAPITAL INVESTMENTS.

AND AS AGAIN, LIKE I MENTIONED, WE'LL CONTINUE TO INVEST INTO THE WASTEWATER AND WATER FACILITY CONSTRUCTION AND EXPANSION.

AND BETWEEN THAT 40.9 MILLION OF GEO BONDS AND THAT 8 MILLION OF STORMWATER, WE'RE ABLE TO OPEN 16 COLLECTIVE PROJECTS.

SO AGAIN, WHEN WE TALK SIMILAR TO THE GENERAL FUND, WHEN WE TALK ABOUT GOING INTO ADOPTION, BASED ON WHAT I SEE, THERE'S NO ANTICIPATE ATION OF THOSE BEING FULLY EXPENSED BY THE END OF 24.

SO YOU WILL CONTINUE TO SEE THOSE ROLL THROUGHOUT THE NEXT FEW YEARS UNTIL THAT PROJECT IS COMPLETE AND FULLY EXPENSED.

BUT WE ARE ABLE TO FUND IT AND TO GO AHEAD AND GET STARTED WITH THOSE PROJECTS.

SO OUT OF THAT 74.23 MILLION, IF YOU ROUND UP, THIS IS THE BREAKOUT.

WE JUST TALKED ABOUT IT.

BUT VISUALLY IT DOES SORT OF SEND THE MESSAGE 95% IS CAPITAL AND 60.

63% REALLY GOES TOWARDS YOUR ROADS.

RIGHT. SO EVEN WITH UTILITIES BEING VERY HEAVY ON CAPITAL INVESTMENTS, OUT OF THAT, ALL OF THAT $70.5 MILLION, REALLY 63% IS DEDICATED TOWARDS WHETHER IT IS CURRENT ROAD REJUVENATION TYPES OF PROJECTS OR THE NEW GEO BOND PROJECTS COMING ONLINE.

AND SIMILAR TO THE GENERAL FUND, I'D LIKE TO BREAK IT DOWN INTO WHAT WE LIKE TO LOOK AT.

AND WITH THIS, IT'S ACTUALLY HIGHER THAT 81% IS BASED FOR ASSET PRESERVATION OR REPLACEMENT, AND THEN THAT 13 MILLION IS SERVICE EXPANSION. SO IT'S STILL A GREAT AMOUNT.

BUT WHEN YOU'RE LOOKING AT 70, 70.5 MILLION ALTOGETHER, FOR REALLY MOST OF IT IS TOWARDS STILL ASSET PRESERVATION AND REPLACING EXISTING INFRASTRUCTURE.

[01:05:01]

ALL RIGHT. OKAY, SO NOW WE'VE TALKED ABOUT OUR GENERAL FUND AND OUR ENTERPRISE FUNDS AND WHAT WE HAVE REQUESTED AND WHAT WE'VE LOOKED AT FUNDING FOR THE YEAR BASED ON A 3% CAP.

SO WE DID BUILD THE BUDGET ON THAT.

LET'S TALK ABOUT THE MILLAGE RATES.

SO WE'RE GOING TO TALK ABOUT OUR TAXABLE VALUES.

OUR MILLAGE RATES.

WE LOOK AT A HISTORY.

WE'LL TALK ABOUT OUR VALORUM RATE OPTIONS, YOUR REVENUE IMPACTS.

AGAIN, WE'LL TALK ABOUT THE TAX BILL, IMPACT AND BREAKDOWN.

THESE ARE ALL JUST SAMPLES.

WE'LL TALK ABOUT THE GEO BOND DEBT MILLAGE RATE.

AND THEN WE LIKE TO ALWAYS PRESENT THE DOLLAR SPLIT THAT IS ALWAYS LOVED AND VISUALLY VERY NICE.

SO THIS IS REALLY I THINK THIS IS MORE LIKE THE MEAT AND POTATOES BECAUSE THIS DRIVES 50% OF YOUR GENERAL FUND PROPERTY TAXATION. AND THE GENERAL FUND IS THE LARGEST OPERATING FUND OUT OF ALL 69 FUNDS THAT WE HAVE.

ALL RIGHT. THIS IS JUST A HIGH LEVEL TEN YEAR HISTORY OF OUR TAXABLE VALUES VERSUS OUR GROSS TAXABLE VALUES.

SO THIS IS GIVEN TO US.

IT'S USUALLY BY JULY 1ST.

IT'S WHEN THE PROPERTY APPRAISER HAS TO SUPPLY THAT INFORMATION TO US.

THEY WERE VERY EARLY THIS YEAR.

IT ACTUALLY CAME IN JUNE 22ND.

I WAS VERY HAPPY BECAUSE THAT GIVES US A LITTLE BIT OF EXTRA TIME TO CALCULATE THINGS AND WE CAN LOOK AT THE ENTIRE TEN YEARS, BUT IT'S REALLY GOOD TO LOOK AT THE LAST COLUMN, WHICH IS YOUR 2023 VALUATIONS WHICH WE USE TO BUILD A 2024 BUDGET.

SO REMEMBER, ALL OF YOUR TAXABLE VALUES ARE OF AS THEY ARE CLOSED BY THE PROPERTY APPRAISER AS OF DECEMBER 31ST, 2022. RIGHT.

SO ANYTHING THAT COMES ON THEIR TAX ROLL AT THE END OF THE NEXT CALENDAR YEAR, THEY GO AHEAD AND PREPARE IT IN 23 AND THEN WE USE IT TO PLAN FOR 24.

SO IT'S A LOT OF NUMBERS, BUT THEY GO AHEAD AND CLOSE OUT BY CALENDAR YEAR AND THEN WE USE THAT DATA.

SO WHEN WE'RE LOOKING AT OUR TAXABLE VALUES FOR 2023, THERE HAS BEEN AN INCREASE IN OUR.

IF YOU LOOK AT THE LAST COLUMN, WHICH IS THE TOTAL AMOUNT, SO THE CURRENT YEAR GROSS TAXABLE VALUE, WHICH IS TOTAL AMOUNT OF CURRENT AND EXISTING PLUS NEW CONSTRUCTION OR NEW VALUATIONS IS 7.9 MILLION, 7.9 BILLION.

SORRY, I DON'T GET TO USE THAT WORD VERY MUCH, BUT $7.9 BILLION.

SO THAT'S AN INCREASE FROM 6.5 FROM THE PREVIOUS YEAR.

AND THEN WE GO AHEAD AND BREAK IT OUT INTO THE ADJUSTABLE TAXABLE VALUE, WHICH IS ANYTHING THAT IS BEEN ON THE BOOKS FOR MORE THAN A YEAR.

AND THEN YOUR NEW TAXABLE VALUE IS NEW TAXABLE VALUATIONS THAT WERE PUT ON THE BOOKS FOR THAT FIRST YEAR.

SO THAT COULD INCLUDE NEW CONSTRUCTION, BUT IT ALSO COULD INCLUDE THINGS LIKE IF SOMEONE PUTS IN A POOL THAT IS A NEW VALUATION TO AN EXISTING HOME, BUT NOW THE VALUE OF YOUR HOME HAS INCREASED.

SO THAT VALUATION, THAT DIFFERENCE IS WHAT IS ALSO PUT UNDER NEW TAXABLE VALUE, RIGHT? UM, SO IT IS GREAT TO SEE THAT FOR THAT 2023 EVALUATIONS, OUR NEW TAXABLE VALUE IS AT $550.6 MILLION, WHICH IS AN INCREASE FROM $341 MILLION FROM THE PRIOR YEAR.

SO HISTORICALLY WHEN YOU'VE SEEN IT, I MEAN, IT IT SHOWS THAT THE CITY IS ACTIVELY WORKING ON COMMERCIAL RESIDENTIAL CONSTRUCTION AND COMPLETING THOSE IN A TIMELY MANNER TO PUT THOSE ON THE BOOKS.

SO THIS PROVIDES YOU A HISTORICAL AND THIS IS THE DATA THAT I USE TO DETERMINE WHAT PROPERTY VALUATIONS WOULD LOOK LIKE DEPENDING ON THE RATES THAT WE WOULD GO TO. SO THIS WOULD BE GREAT WITH THE POPULATION. SO THAT IS SOMETHING THAT.

AND JUST TO UPDATE YOU.

MADAM SHERMAN PROVIDED SOME OF THOSE THAT POPULATION BY FISCAL YEAR.

OKAY. AND IT ENDS WITH 19,000 RESIDENTS INCREASE OVER THE TEN YEARS OVER THE TEN YEARS.

AND IT DOESN'T INCLUDE WHAT'S ACTUALLY CURRENT KNOW, WHICH IS ANOTHER 5000 BASED ON FPL.

SO IT SHOWS THE INCREASE IN OUR POPULATION.

SO AND IT'S A GREAT TOOL TO PUT IT IN IN PERSPECTIVE.

WONDERFUL. THANK YOU, MA'AM. WONDERFUL.

[01:10:01]

IT'S AN OVERLAP REALLY OF TWO CHARTS THAT I LIKE TO PUT TOGETHER TO SORT OF GET A VISUAL.

SO IT IS A 20 YEAR HISTORY OF WHAT OUR TOTAL TAXABLE VALUES AND REVENUE AT THOSE POINTS LOOK LIKE OVER THE PAST 20 YEARS.

IT DOES START IN 2004 AND FOR THE NEXT FEW YEARS THAT THAT THAT BIG HILL AND THAT BIG DECLINE WILL STILL BE THERE.

BUT IT DOES SHOW YOU THAT WE DID HAVE A BIG DECLINE FROM 2028 TO 2013.

AND THAT IS WHEN WE WENT THROUGH, YOU KNOW, OBVIOUSLY OUR DOWNTURN WHERE WE HAVE SORT OF HIT HIT THE BOTTOM IN THAT 2013, SO ABOUT TEN YEARS AGO TIME FRAME, AND THEN WE SLOWLY STARTED CLIMBING UP OUT OF THAT.

SO PROPERTY VALUES STARTED COMING AROUND.

OUR POPULATION WAS PROBABLY INCREASING, BUT PROPERTY VALUATIONS HAVE A LOT TO DO WITH THAT.

AND AT THAT POINT, REALLY UNTIL 2018, WE DID NOT HAVE A 3% CAP.

SO THERE WAS TAXATION AT, YOU KNOW, STILL STATUTORY REQUIREMENT.

THERE ARE REQUIREMENTS TO TO TAXATION AND LIMITATIONS.

BUT THAT 3% CAP REALLY DID NOT COME INTO EFFECT UNTIL 2018.

SO WE SLOWLY STARTED INCREASING WHEN TAXABLE VALUES WENT UP.

AND THEN BASED ON THAT, OUR REVENUES INCREASED.

AND TWO THIS YEAR.

SO AT THE END THAT 2024, YOU WILL SEE BASED ON THOSE $7.9 BILLION OF GROSS TAXABLE VALUE BASED ON THE 3% CAP RATE THAT I HAVE CALCULATED, YOU ARE LOOKING AT AD VALOREM OR PROPERTY TAX TAXATION REVENUE OF ABOUT $51.6 MILLION. SO IT REALLY TOOK US A GOOD 14 YEARS TO WHEN WE'RE LOOKING AT 2008, WHEN WE WERE AT OUR HIGH AND WHEN WE SORT OF COME RIGHT OVER.

SO IT'S REALLY ABOUT 14 YEARS TOOK US TO RECOVER FROM WHERE WE WERE, RIGHT? SO THAT DOWNTURN STARTED IN IN 2008.

AND THEN IT REALLY WASN'T UNTIL ABOUT 2122 WHERE WE SORT OF CROSSED THAT LINE WHERE WE HAD MENTIONED THAT WE'RE NOW SORT OF BACK WHERE WE WERE BEFORE WHEN IT COMES TO OUR TAXABLE VALUES.

IN THE PAST 2 OR 3 YEARS, IT HAS TAKEN A SIGNIFICANT INCREASE THAT CAN BE TIED TO IN THE PREVIOUS SLIDE WHEN WE TALK ABOUT THAT NEW CONSTRUCTION. SO I'LL GO BACK.

BUT IF YOU'RE LOOKING AT THAT NEW CONSTRUCTION JUST FROM 21, 22 AND 23, IT WENT UP TO 208 MILLION, THEN TO 341 AND NOW TO 550. SO THAT NEW CONSTRUCTION CURRENTLY IS REALLY WHAT'S DRIVING UP YOUR NUMBERS.

THE OTHER OVERLAY IS OUR AD VALORUM.

OUR MILLAGE RATE.

WHEN I SHOWED THIS TO MY DAUGHTER, SHE SAID, OH, IT LOOKS LIKE THE BIG DIPPER.

I SAID, OKAY, WELL, WE'LL GO WITH THAT.

IT LOOKS LIKE THE BIG DIPPER.

SO IT HAS TWO LINES.

IT HAS OUR TEACHING HER EARLY.

HEY, LISTEN, SHE LIKES TO REVIEW MY STUFF.

YOU KNOW, IT'S GOOD THAT SHE'S INTERESTED.

THAT'S AWESOME, I GUESS.

SO WE STARTED SORT OF TRACKING IT IN 2013, 2014.

WE DO THAT TEN YEAR.

SO THAT GRAY LINE IS WHAT WE'VE ADOPTED.

AND THE ORANGE LINE IS THE 3% CAP RATE THAT IS CALCULATED.

SO AS YOU CAN TELL, IT DIDN'T GO INTO EFFECT UNTIL 2018.

THOSE FIRST THREE YEARS, I THINK IT WAS TWO YEARS WE EXCEEDED THE CAP.

AND THEN IT DOES MEET IN 2020 WHERE WE HAD ADOPTED THE 3% CAP AND THEN IT SPLITS AGAIN WITH THIS CURRENT YEAR OR FISCAL YEAR 23, WHICH WE WENT THROUGH LAST YEAR FOR THIS YEAR, WHERE THE 3% CAP RATE FOR THE CURRENT YEAR IS 6.7770, BUT WITH A SUPERMAJORITY, WE EXCEEDED THAT AND WE MAINTAIN THE 7.5995.

I'M CURRENTLY THE 3% CAP RATE BASED ON PROPERTY VALUATIONS AND BASED ON CURRENT YEAR TAXATION BECAUSE THAT'S HOW THE CHARTER IS WRITTEN.

YOUR 3% CAP RATE IS 7.0171.

RIGHT. SO IT KIND OF MEETS.

SO THE REASON WHY IT MEETS IN THE PRESENTATION IS BECAUSE THAT IS WHAT WE BUILT OUR PROPOSED BUDGET ON IS IT WOULD ALWAYS BE BUILT ON THE 3% CAP RATE.

RIGHT. SO THE NEXT TWO SLIDES WE WILL TALK ABOUT AD VALOREM TAX RATE OPTIONS.

[01:15:02]

SO THAT'S REALLY THE IDEA FOR THESE NEXT TWO SLIDES.

IT'S FOR INFORMATIONAL PURPOSES.

THE HIGHLIGHTED IN ORANGE IS THE 3% CAP RATE, WHICH IS WHAT THE BUDGET IS CURRENTLY BUILT ON.

SO WE ALWAYS PROVIDE A CURRENT YEAR STANDARD OR A CURRENT YEAR STARTING POINT THAT WE KIND OF COMPARE TO.

SO THE CURRENT YEAR FOR 2023 IS 7.5995, WHICH IS THE SECOND YEAR THAT WE HAVE MAINTAINED THAT RATE.

AND OUR CURRENT YEAR REVENUE IS FOR $46.4 MILLION.

SO THAT'S CURRENTLY WHAT IS BUDGETED.

SO THEN WE GO AHEAD AND GIVE YOU THOSE RATE OPTIONS.

WE KIND OF SAY WHAT WOULD HAPPEN OR WHAT COULD YOU ANTICIPATE ON GENERATING IN PROPERTY TAX TAXATION IF YOU MAINTAIN THE RATE, IF YOU LOWER THE RATE SLIGHTLY OR IF YOU WENT TO THE 3% CAP, WHICH IS THE 7.0171, WHICH AS YOU SEE IS HIGHLIGHTED, IS THE 51.6 MILLION, WHICH WILL MATCH WHAT THE PROPERTY TAXATION IN THE PREVIOUS SLIDES IS.

SO YOU SEE THERE IS A THERE IS A RANGE.

SO IF YOU WERE TO CONTINUE INTO FISCAL YEAR 24 WITH MAINTAINING THE 7.5995, THEN YOUR PROPERTY TAXATION WOULD BE 55.9 MILLION AND THAT WOULD GIVE YOU AN ADDITIONAL 4.3 TO FUND THOSE UNFUNDED ITEMS WE TALKED ABOUT EARLIER WHEN IT COMES TO THE GENERAL FUND.

THE NEXT COLUMN GIVES YOU JUST THAT.

IT'S IF YOU WERE TO ADOPT THIS, THIS WOULD BE THE INCREASE FROM THE CURRENT YEAR.

SO FOR THAT 3% CAP ROW HIGHLIGHTED IN ORANGE, OUR 51.6 MILLION IS AN INCREASE OF 5.2 FROM THE CURRENT YEAR. BUT REMEMBER, NOT ALL OF THAT CAN GO TOWARDS THOSE NEW REQUESTS.

WE DO HAVE DEBT SERVICE.

WE HAVE INCREASED PERSONNEL COSTS, SO THERE'S ALWAYS THAT COMPONENT OF IT.

SO ALL OF THAT 5.2 MILLION ISN'T CAN'T BE DEDICATED TO THOSE NEW REQUESTS BECAUSE WE DO HAVE STANDARD INCREASES IN COSTS THAT ALSO HAVE TO BE PAID.

SO GOING IN AT THE 3%, YOU'RE LOOKING AT AN 11.3% INCREASE OVER THE CURRENT YEAR.

UM, THE ROLLBACK RATE.

SO THIS IS SOMETHING STATUTORY I HAVE TO DISCLOSE.

THE ROLLBACK RATE ESSENTIALLY MEANS IS THAT THIS IS THE RATE THAT YOU HAVE TO ADOPT TO GENERATE THE SAME REVENUE OR SAME TAXATION REVENUE AS THE PREVIOUS FISCAL YEAR, MEANING 23 EXCLUDING THAT NEW CONSTRUCTION.

SO WE'LL TALK ABOUT THE NEW CONSTRUCTION.

THAT'S REALLY THE KEY IN ALL OF THIS IN JUST A MINUTE.

BUT THE ROLLBACK RATE IS ESSENTIALLY WHERE YOU ARE IN A NUTSHELL, OUTSIDE OF THAT NEW CONSTRUCTION, YOU'RE NOT TAXING ANYMORE, SO YOU'RE BENEFIT.

IT'S TRULY ONLY RECOGNIZED ON THAT NEW CONSTRUCTION THAT YOU'RE RECEIVING STATUTORY WISE.

THIS IS A RATE THAT WE HAVE TO DISCLOSE.

SO I ALWAYS LIKE TO ADD THAT IF YOU WERE TO GO TO THE ROLLBACK, YOUR TOTAL REVENUE WOULD BE 50.1 MILLION AND IT WOULD BE 3.8 MILLION ABOVE CURRENT YEAR AND IT WOULD BE ABOUT AN 8.2% RISE FROM THE CURRENT YEAR.

SO REMEMBER, WHAT I SAID IS, IS THAT, YES, YOU'RE NOT TAXING MORE, YOU'RE NOT RECEIVING AN ADDITIONAL REVENUE, BUT YOU HAVE THAT NEW CONSTRUCTION THAT IS EXCLUDED.

SO THAT'S WHERE THOSE REVENUE INCREASES WILL COME IN.

UM, ONE THING THAT I ALWAYS DISCLOSE BECAUSE NEW CONSTRUCTION REALLY TO ME IS THE KEY.

WHAT I SEE WHEN IT COMES TO THIS 3% CAP IS WE TALKED ABOUT THAT NEW CONSTRUCTION EVALUATION.

TRULY. I SEE IT SORT OF AS THE DRIVER, RIGHT, WHERE THE 3% CAP APPLIES TO ANYTHING THAT IS CURRENTLY ON THE BOOKS. SO ANYTHING THAT'S BEEN ON THE BOOKS FOR MORE THAN ONE YEAR OR ONE YEAR AND MORE, THAT'S WHAT'S LIMITED UNDER 3% CAP TAXATION.

THE NEW CONSTRUCTION IS EXCLUDED FOR THE FIRST YEAR.

SO THAT 550 MILLION, WE'RE ABLE TO REAP THE BENEFIT ON THAT VALUATION FOR THE FIRST YEAR AND IT IS EXCLUDED FROM THAT LIMITATION.

THE DOWNSIDE IS AS SOON AS WE ROLL INTO THE NEXT YEAR, THAT 550 MILLION OR THIS CURRENT YEAR

[01:20:02]

SO THAT BENEFIT THAT YOU'RE REAPING DIMINISHES GREATLY AFTER THAT FIRST YEAR.

SO GOING INTO THE FUTURE YEARS, YOU WILL CONTINUE SEEING THAT STANDARD THAT YES, EVEN AT A ROLLBACK YOU ARE INCREASING. BUT.

THAT NEW CONSTRUCTION OR THOSE NEW VALUATIONS I WANT TO CALL IT, WOULD TRULY NEED TO BE MAINTAINED OR INCREASED IN ORDER TO CONTINUE REAPING THE BENEFITS THAT WE ARE SEEING.

SO AS I MENTIONED, IS THAT 341 THAT WE TALKED ABOUT, WHICH IS SUCH A BENEFIT LAST YEAR, IS NOW LIMITED UNDER THE 3% CAP IN THAT $550 MILLION.

YOU WILL SEE THAT NEXT YEAR IN MY CALCULATIONS.

A TAX, YOUR 3% CAP RATE.

WHAT I PROJECT WILL CONTINUE TO GO DOWN IN THIS MANNER.

BECAUSE IF THE CONSTRUCTION CONTINUES AS IS, BECAUSE YOU'RE REAPING A BENEFIT ONE YEAR, BUT AS SOON AS IT HITS YOUR REGULAR TAX ROLL, IT HITS LIMITING.

IT'S LIMITED UNDER THE 3% CAP, WHICH DRIVES DOWN THE RATE.

THAT'S TRULY WHAT DRIVES IT DOWN.

SO AGAIN, LIKE I MENTIONED, IS, IS THAT 550 MILLION AS WE DO THIS NEXT YEAR, YOU WILL SEE THE TREND BEING SIMILAR, THAT YOUR RATE FOR THAT 3% WILL CONTINUE TO LOWER.

SO WE DID ADOPT ABOVE OUR 3% CAP THIS YEAR.

BUT AGAIN, FROM THAT 7.5995, WHICH NOW BECOMES OUR BASELINE FOR THE 3%.

SO IT'S NOT WHAT THE 3% SHOULD HAVE BEEN.

IT'S THAT'S OUR BASELINE.

OUR RATE IS BASED ON THE CALCULATION DROPPING BY 0.48 JUST BECAUSE OF THOSE NEW VALUATIONS NOW FALLING UNDER THAT GROSS TAXABLE VALUE OR ADJUSTED TAXABLE VALUE.

THE NEXT SLIDE PROVIDES YOU WITH THE SAME INFORMATION.

IT'S JUST SORT OF WORDED A LITTLE BIT DIFFERENT.

SO THE THIRD COLUMN REALLY JUST TELLS YOU IS WHAT YOUR REVENUE INCREASE WOULD BE FROM THE CURRENT YEAR, WHICH WE KIND OF HIGHLIGHTED ALREADY.

SO THAT ORANGE LINE, IF YOU'RE ADOPTING AT THE 3% CAP, YOUR REVENUE INCREASES 5.2 MILLION.

THEN THE NEXT COLUMN WOULD BE AS A COMPARISON TO WHERE IF YOU WERE TO MAINTAIN THE RATE.

SO IF YOU DO GO INTO FISCAL YEAR 24, MAINTAINING THE 7.5995, THERE IS A LOSS OF $4.3 MILLION BECAUSE YOU ARE NOW ADOPTING THE 3% RATE.

AND THEN AGAIN, THE LAST COLUMN COMPARES IT TO THE 3%, RIGHT? SO OBVIOUSLY, IF YOU'RE ADOPTING A 3% RATE, YOU ARE COMPARISON TO ADOPTING A 3% IS ZERO.

HOWEVER, IF YOU WERE TO GO INTO THE YEAR WITH MAINTAINING THE 7.5995, YOU'RE REAPING AGAIN THAT BENEFIT OF THAT $4.2 MILLION.

SO SORT OF THE SAME INFORMATION JUST PRESENTED A LITTLE BIT DIFFERENT TO GIVE YOU THOSE OPTIONS TO WHERE IF YOU SAID, WELL, WE DON'T WANT TO GO IN AT THE CURRENT YEAR BUT WE ARE CONSIDERING GOING ABOVE THE CAP.

THESE ARE JUST SOME OPTIONS AND THAT'S JUST SORT OF A REVENUE GUIDANCE OF WHAT THOSE DIFFERENCES DO MAKE.

SO I PREVIOUSLY MENTIONED THAT THERE ARE SOME STATUTORY REQUIREMENTS ON ADOPTING MILEAGE.

SO PER OUR CHARTER, WE DO HAVE THE 3% CAP, WHICH SETS IT TO A SPECIFIC RATE.

HOWEVER, THE FLORIDA STATUTE ALSO OUTLINES THAT THERE ARE SPECIFIC REGULATIONS THAT WE HAVE TO FOLLOW WHEN WE SET RATES AND ADOPT THEM.

SO WE CAN'T JUST COME UP WITH RANDOMLY A NUMBER AND GO INTO THE NEW YEAR AND ADOPT IT.

THERE ARE STATUTORY REQUIREMENTS OF INCREASES AND DECREASES THAT YOU HAVE TO FOLLOW.

SO AND I'LL JUST READ IT BECAUSE IT'S PROBABLY EASIER.

BUT PER FLORIDA STATUTE 200.065, OUR ANNUAL INCREASES IN MILLAGE RATES CANNOT EXCEED THE CURRENT YEAR ADJUSTED ROLLBACK RATE ADJUSTED PER CAPITA OF FLORIDA PERSONNEL INCOME AS DETERMINED BY THE STATE.

SO RATES ARE BASED ON EITHER A MAJORITY OR TWO THIRDS.

SO ESSENTIALLY WHAT THAT MEANS, FOR EXAMPLE, FOR 23, I WOULD LIKE TO PUT THAT EXAMPLE IN THERE.

IF FOR 22 YOUR ADJUSTED ROLLBACK, REMEMBER WE TALKED ABOUT WHAT THAT ROLLBACK DOES WAS A 7.4, SIX, SIX EIGHT.

[01:25:06]

THAT WOULD HAVE BEEN OUR RATE BASED ON SOME OF THE CALCULATIONS THAT WE'VE DONE.

THAT MEANS THAT A MAJORITY VOTE MAXIMUM RATE IS 7.9245, AND A TWO THIRDS VOTE MAXIMUM IS 8.7.

SO IT'S NOT THAT.

WE CAN COME IN IN SEPTEMBER AND ADOPT A RATE OF NINE MILLS.

IT'S NOT POSSIBLE PER STATE STATUE.

THERE ARE SPECIFIC LAWS AND SPECIFIC RATES THAT ARE CALCULATED BASED ON PROPERTY VALUATIONS AND BASED ON PREVIOUS YEARS RATES THAT WE'VE ADOPTED.

SO FOR US, THERE'S ALREADY RESTRICTIONS IN PLACE THAT WE HAVE TO FOLLOW WHEN WE ADOPT THESE RATES SO THAT OUR 3% CAP IS JUST AN ADDITIONAL LAYER THAT'S BEEN ADDED TO US PER THE CHARTER.

SO I DO ALWAYS DISCLOSE THAT JUST FOR TRANSPARENCY, THAT WHEN IT COMES TO THESE RATES THERE, THERE'S ALSO SOME STATUTORY INPUT THAT WE HAVE TO FOLLOW.

AND ALL OF OUR ADOPTED ADOPTION, OUR RATES ARE ACTUALLY REVIEWED BY THE DEPARTMENT OF REVENUE AFTER WE GO THROUGH THE ADOPTION PROCESS.

AND IF WE'RE IN VIOLATION, WE'RE IN VIOLATION.

AND WE ALL OF OUR REVENUE IS HELD AND WE'RE OUT OF COMPLIANCE.

SO WE DO GO THROUGH THAT PROCESS.

AND AGAIN, ONE THING I'D LIKE TO ADD IS THAT CONTINUED DECREASES IN THE ADOPTED RATES ALSO RESTRICT FUTURE NEEDS OF INCREASES OUT BY OUTLINED BY THE STATE. SO THAT 8.7 OR THAT 7.9, THAT IS NOT A SET RATE CONTINUOUSLY FROM YEAR TO YEAR AS YOU GO INTO FUTURE YEARS AND LOWER YOUR RATE, THOSE RATES WILL LOWER AS WELL.

SO IT'S REALLY JUST A A JUMP FROM ONE YEAR TO THE NEXT THAT RESTRICTS YOU FROM DOING THAT.

SO AS YOU LOWER THAT RATE, JUST DO KNOW THAT THOSE RESTRICTIONS ON MAXIMUM MILLAGE THAT YOU'RE ABLE TO SET BASED ON THE OUTLINES BY THE STATE WILL LOWER AS WELL.

SO IF THERE'S EVER ANY NEED FOR ANY TYPE OF FUTURE PLANNING, WHETHER THAT IS 5 OR 10 YEARS OUT, CAPITAL NEEDS, CONSTRUCTION, ANYTHING LIKE THAT, THAT IS ALWAYS SOMETHING TO BE MINDFUL OF BECAUSE YOU CAN'T GO FROM ONE FISCAL YEAR TO ANOTHER INCREASING AT A HIGH RATE BECAUSE THE STATE STATUTE ESSENTIALLY WILL NOT ALLOW YOU TO DO THAT. THIS IS JUST A SAMPLE OF WHAT YOUR TAX BILL MAY LOOK LIKE. ANYONE CAN GO AND ACTUALLY CALCULATE WHAT YOUR ESTIMATED BILL MAY BE BASED ON THE RATES THAT WE ADOPT. IF YOU GO TO THE BREVARD COUNTY PROPERTY APPRAISER'S OFFICE AND YOU GO TO PROPERTY SEARCH, YOU CAN ACTUALLY SEARCH YOUR PROPERTY.

AND THEY DO DISCLOSE ALL THIS INFORMATION AND THEY'RE GOOD.

ABOUT ONCE THE YEAR KIND OF CLOSES OUT.

THEY DO HAVE A TURNAROUND FOR NEW THINGS GOING INTO THE SYSTEM, BUT THEY ALSO HAVE A TIMELINE TO MEET.

SO USUALLY JULY IS WHEN EVERYTHING KIND OF STARTS UPDATING SO YOU CAN GO AHEAD AND SEARCH YOUR PROPERTY AND LOOK FOR THAT TAXABLE VALUE NON-SCHOOL AMOUNT, WHICH DON'T GO BY WHAT YOUR HOME IS WORTH BECAUSE THERE'S A LOT OF EXEMPTIONS AND WE'LL HIGHLIGHT THOSE IN A SECOND.

SO YOU WANT TO LOOK FOR THAT TAXABLE VALUE NON-SCHOOL AMOUNT AND YOU'RE GOING TO TIMES THAT BY THAT RATE AND DIVIDE IT BY 1000.

SO IN SUMMARY, THAT IS REALLY WHAT YOUR PROPERTY TAX PORTION ON YOUR TOTAL BILL FOR THAT PARTICULAR TAXING AUTHORITY WOULD BE. UM, TO THE RIGHT, YOU JUST KIND OF SEE A COMPARISON.

I'VE ADDED CURRENT FISCAL YEAR ADOPTED RATE.

SO THESE ARE PROPERTY VALUATIONS.

AMOUNTS OF 10,000 TO 200,000.

SO YOU MAY SAY, WOW, 10,000, 25 OR 50,000.

THAT'S VERY LOW.

YOU WOULD ACTUALLY BE SURPRISED BECAUSE REMEMBER, IT IS BASED ON YOUR TAXABLE VALUE NON-SCHOOL AMOUNT, WHICH INCLUDES ALL EXEMPTIONS.

SO WE USUALLY HAVE THE STANDARD 25,000 TIMES TWO.

SO $50,000 HOMESTEAD EXEMPTION.

BUT FOR THE MAJORITY OF US, WE ALSO HAVE SAVED OUR HOMES, WHICH IS SOMETHING A LOT OF PEOPLE DIDN'T KNOW THEY HAD.

BUT IT ALSO, PER THE STATE, ALREADY LIMITS HOW MUCH YOUR HOME CAN BE TAXED.

SO WE TALK ABOUT OUR 3%, BUT IN HINDSIGHT, THERE'S ALREADY A STATE STATUTE OR STATE EXEMPTION IN PLACE THAT ALREADY LIMITS THAT, RIGHT? SO ALL THAT IS APPLIED.

SO IT'S REALLY THAT TAXABLE VALUE NON-SCHOOL AMOUNT THAT YOU'RE LOOKING AT.

SO WE DO HAVE SOME OF THE LONGER TERM RESIDENTS THAT HAVE LIVED IN THE CITY OF PALM BAY FOR SOME TIME WHERE THEY BE SURPRISED, EVEN THOUGH YOUR HOME

[01:30:03]

AND OUR NEXT SLIDE WILL KIND OF SHOW YOU THAT WHERE YOUR NON-SCHOOL AMOUNT COULD BE IN THE $50,000 RANGE, WHERE THAT IS ALL YOU'RE TAXED ON.

SO CURRENT YEAR ADOPTED RATE IS 7.5995.

SO THAT KIND OF GIVES YOU YOUR ANNUAL COST BASED ON THAT METHOD.

AND UNDERNEATH I SHOWED YOU OUR ANNUAL REVENUE.

SO THIS WILL MATCH THE PREVIOUS SLIDES FOR THE CURRENT YEAR BASED ON THE ADOPTED RATE.

OUR ANNUAL REVENUE IS 4.6, I MEAN 46.4 MILLION.

SO THIS KIND OF GIVES YOU A STARTING POINT AND THEN THE NEXT THREE COLUMNS GIVE YOU AN ESTIMATED COST BASED ON THE RATES.

SO THAT FIRST COLUMN WOULD BE YOUR 3% CAP RATE, WHICH IS EVERYTHING HIGHLIGHTED IN ORANGE AND WHAT THE BUDGET HAS BEEN BUILT ON THE COLUMN AFTER THAT IS THAT MID RANGE.

SO IF YOU WANTED TO NOT GO IN AT THE 3%, BUT YOU STILL CHOOSING TO EXCEED, BUT YOU'RE NOT GOING TO MAINTAIN THAT 7.5995.

SO I CHOSE THE 7.25 SORT OF IN THE MIDDLE.

SOMETIMES IT'S HARD TO FIND AN EXACT NUMBER AND THEN AGAIN, IF YOU'RE MAINTAINING THE 7.5995, WHICH OUTSIDE OF THE LAST PORTION OF WHAT WE'RE COLLECTING IN REVENUE WILL MATCH YOUR FIRST COLUMN.

OF COURSE, YOUR EVALUATIONS MAY CHANGE.

SO CURRENT YEAR, YOUR TAXABLE VALUE MAY BE 25,000, AND NEXT YEAR IT MAY GO UP TO 30,000.

EVEN THOUGH YOU HAVE EXEMPTIONS, EVALUATIONS OF YOUR HOME STILL DO GO UP.

BUT THIS IS JUST BASICALLY A COMPARISON OF WHAT YOU COULD SEE DEPENDING ON THE RATES THAT WE ADOPT.

SO LET'S GO WITH A HOME THAT HAS A PROPERTY VALUATION OF 100,000, RIGHT? SO WE DO HAVE NEW CONSTRUCTION, A LOT OF NEW CONSTRUCTION IN THE CITY, WHICH NOT ALL ARE SUBJECTED TO THAT SAVE OUR HOMES.

BUT, YOU KNOW, SOME OF THEM ARE NEW RESIDENTS THAT ARE IN THE CITY.

IN THE COUNTY. WE HAVE A LOT OF OUT-OF-STATE PEOPLE MOVING HERE WHO MAY NOT BE REAPING ALL THE BENEFIT FOR SOME OF THE LONG TERM RESIDENTS, BUT YOU'RE STILL REAPING THAT BENEFIT. SO WE'LL GO WITH 100,000, RIGHT? SO THAT'S JUST SORT OF IN THE MIDDLE OF THE BALLPARK.

SO CURRENT YEAR, MY TAXABLE TAX BILL, THE SAY WAS $760,000, 759 95.

SO WE'LL SAY 760.

SO IF YOUR EVALUATION OF THE NON SCHOOL MY TAXABLE VALUE NON SCHOOL AMOUNT HASN'T CHANGED SO YOU'RE STILL IN THE 100 THOUSANDTHS WHICH I KNOW WE ALL SEE OUR PROPERTY VALUATIONS DO INCREASE.

BUT HYPOTHETICALLY, LET'S SAY IT'S 100,000, THEN BASED ON GOING TO THE 3% RATE, YOUR REDUCTION IN COSTS FOR THAT, THE CITY OF PALM BAY PORTION OF YOUR TAX BILL WOULD BE DOWN TO $701.

SO YOU'RE LOOKING AT ABOUT $59 IN REDUCED.

REQUIRED PAYMENTS ON YOUR TAX BILL.

IF YOU WERE TO GO TO A MID-RANGE OF THE 7.25, YOU'RE LOOKING AT ABOUT $725, WHICH IS STILL LESS THAN THE CURRENT YEAR.

AND THEN IF YOU DO GO ALL THE WAY OVER, IT DOES MATCH THE CURRENT YEAR GIVEN THE ESTIMATE THAT YOUR TAXABLE VALUE HASN'T INCREASED.

NOW, IF YOU'VE GONE FROM 100,000 TO 125,000, YOU WOULD SIMPLY COMPARE CURRENT YEAR AT 100,000 TO FISCAL YEAR, FUTURE YEAR AT 125,000.

SO IT'S A CHART FOR COMPARISON PURPOSES JUST SO THAT YOU SEE WHAT THESE RATE CHANGES, WHAT IMPACTS THEY HAVE ON YOUR TAX BILL.

AND THEN AGAIN, WITH AS FAR AS THE CITY OF PALM BAY REVENUE THAT IS COLLECTED FOR PROPERTY TAXATION, WHICH IS A LITTLE MORE THAN 50%, THE GENERAL FUND REVENUE STAYING AT THAT RATE, GOING FROM THE CURRENT YEAR 7.5995, 46.3 MILLION. IF YOU WERE TO STAY AT THE SAME RATE, YOU'RE GOING TO 55.9 MILLION.

BUT DO YOU REMEMBER THAT WE DID BUILD THE BUDGET ON THE THIRD COLUMN, WHICH IS YOUR 3% CAP RATE OF THE 51.6.

SO ALL THOSE NUMBERS WILL TIE BACK TO THE PREVIOUS TWO SLIDES.

SO THIS IS TRULY FOR COMPARISON PURPOSES, WHICH IS MORE FOR INFORMATIONAL KNOWLEDGE, FOR IF ANYONE IS INTERESTED IN IN DETERMINING IT. BECAUSE DO REMEMBER THAT WHEN YOU DO RECEIVE THE TAX BILL, NOT ALL OF THAT PORTION GOES TO THE CITY OF PALM BAY.

ONLY A PORTION DOES. THERE'S A LOT OF TAXING AUTHORITIES WITHIN THE COUNTY THAT THAT DO ARE INCLUDED IN THAT IN THAT PARTICULAR BILL THAT COMES TO YOU.

SO THIS IS THE TAX BILL BREAKDOWN.

SO THIS IS JUST, AGAIN, A SAMPLE.

THIS IS BASED ON A LONGER TERM RESIDENT WITHIN PALM BAY REAPING THOSE BENEFITS FROM THAT TAX, FROM THAT

[01:35:08]

SO THOSE PERCENTAGES WILL NOT APPLY TO EVERYONE.

BUT THIS IS JUST A ALSO A METHOD FOR YOU.

ONCE YOU DO RECEIVE YOUR TAX BILL TO KIND OF LOOK AT HOW IT'S BROKEN DOWN.

AND FOR THAT LONG TERM RESIDENT WHO HOME VALUATIONS ARE ACTUALLY IN THE 250 THOUSANDS, BUT THEN THE TAXABLE VALUE IS AROUND 30 TO $50,000 RANGE BECAUSE REMEMBER, WE DO EXEMPTIONS AND THE SAVE OUR HOMES, WHICH IS A GREAT BENEFIT TO THOSE RESIDENTS WITHIN WITHIN THE STATE OF FLORIDA.

ACTUALLY, THIS IS SORT OF WHAT A TAX BILL BREAKDOWN WOULD LOOK LIKE.

SO YOU HAVE THE BREVARD COUNTY WHO OWNS A PORTION OF THAT TAX BILL AND BREVARD COUNTY IS ABOUT 18% OF SO OF THAT TAX BILL THAT YOU PAY, 18% GOES TO THE COUNTY.

THE SCHOOL DISTRICT IS USUALLY YOUR LARGEST.

SO I THINK WITHOUT DOING MATH FOR ALL THE PEOPLE IN PALM BAY OR ALL THE PEOPLE WITHIN THE COUNTY, USUALLY THE SCHOOL BOARD DOES RECEIVE THE LARGEST PORTION OF YOUR TAX BILL, WHICH IN THIS CASE IS ABOUT 44%.

AND THEN THE CITY OF PALM BAY HAS TWO REVENUE STREAMS COMING IN.

SO IF YOU EVER LOOK AT YOUR BILL, THERE'S TWO TYPES OF TAXES ON THAT, WHICH IS YOUR MUNICIPAL SERVICES, THAT IS THE GENERAL FUND.

AND THEN YOU HAVE YOUR VOTER APPROVED DEBT BONDS.

SO IF YOU PULL UP YOUR TAX BILL, IF YOU ACTUALLY LOOK AT IT, THAT IS YOUR MAINTENANCE PORTION.

SO IT IS LISTED AS ROAD MAINTENANCE.

SO THAT IS A SEPARATE TAX THAT IS VOTER APPROVED.

AND WE'LL GO IN THAT IN A LITTLE BIT.

BUT COLLECTIVELY BETWEEN BOTH OF THOSE, BASED ON THIS TAX BILL, IT'S ABOUT 35%.

AND THEN WE DO HAVE SPECIAL DISTRICTS, WHICH IS SMALLER PORTION.

IT'S ABOUT 3%.

SO SPECIAL DISTRICTS IS USUALLY IT'S NOT OUR CRAS, OUR CRA IS NOT PART OF THAT, BUT IT'S USUALLY LITTLE INLAND TAX AUTHORITIES THAT ARE FROM THE COUNTY THAT HAVE A SEPARATE REVENUE INCOMING STREAM OF OF A TAX THAT WE PAY.

SO THOSE ARE ALL SORT OF COLLECTIVELY REPRESENTED UNDER A SPECIAL DISTRICT, BUT THEY DO NOT GO TO THE CITY OF PALM BAY.

SO THIS IS JUST AN EXAMPLE THAT GIVES YOU AN IDEA OF WHEN YOU DO RECEIVE THAT TAX BILL TO TAKE A DEEPER DIVE AND TO ACTUALLY LOOK WHAT PORTION REMAINS WITHIN THE CITY THAT YOU RESIDE IN THAT CAN BE USED FOR THOSE TYPES OF IMPROVEMENTS AND THOSE TYPES OF NEEDS THAT WE TALK ABOUT. THE NEXT IS OUR GEO BOND DEBT MILLAGE.

SO THAT IS THAT SECOND VOTER APPROVED TAX ON YOUR TAX BILL.

SO IT IS ACTUALLY A SEPARATE TAXING AUTHORITY, BUT IT DOES COME TO US.

SO THIS IS THE $150 MILLION COLLECTIVELY TOTAL BOND THAT WAS VOTER APPROVED.

WE HAVE TWO BONDS THAT WE'VE ALREADY GONE OUT FOR AND THE THIRD ONE IS IN THE PROCESS OF BEING REVIEWED.

SO HOW THIS WORKS IS THERE'S A SPECIFIC RATE AND A TAX THAT IS APPLIED TO THE VALUATIONS OF THOSE HOMES. AND THAT REVENUE THAT COMES IN BASED ON HOW I SET THE TAX RATE AND IT IS ADOPTED, THAT REVENUE IS DEDICATED FOR PRINCIPAL AND INTEREST PAYMENTS ON THOSE TWO BONDS.

SO EVEN THOUGH WE ARE PLANNING ON GOING OUT FOR A THIRD BOND THIS UPCOMING YEAR, THOSE PRINCIPAL AND INTEREST PAYMENT REQUIREMENTS WILL NOT GO INTO EFFECT UNTIL 25.

SO IN 25 YOU WILL SEE AN ANNUAL DEBT PAYMENT REQUIREMENT INCREASE BECAUSE WE HAVE A THIRD BOND PAYMENT THAT HAS TO HAPPEN. SO I LOOKED AT THEM.

THEY'RE BOTH AT THE MOMENT PRETTY EQUAL.

LET'S SAY ABOUT THREE AND ONE HALF.

IT'S ABOUT THREE AND ONE HALF MILLION EACH, GIVE OR TAKE A LITTLE BIT.

ONE IS A LITTLE BIT TAKEN OUT A LITTLE BIT EARLIER, SO YOU HAVE A LITTLE BIT LESS GOING TO THAT.

BUT COLLECTIVELY THAT'S 7 MILLION.

IT'S ABOUT THREE AND ONE HALF EACH.

SO WITH THE NEW BOND COMING OUT, I WOULD ANTICIPATE THERE TO BE ANOTHER THREE AND ONE HALF MILLION HYPOTHETICALLY IN 25 THAT WE DO HAVE TO COLLECT FOR.

SO HOW THIS WORKS IS THAT THE RATE THAT IS SET TO COLLECT THIS REVENUE ONLY COVERS ENOUGH TO MAKE THOSE PAYMENTS, RIGHT? SO ALL WE NEED IN 2024 IS TO DO IS TO SET THE RATE TO COVER THAT 6.9 MILLION.

SO THIS IS NOT WHERE WE SET THE RATE HIGHER TO COLLECT ADDITIONAL REVENUE.

[01:40:02]

SO BECAUSE TAXABLE VALUES ARE GOING UP, THIS IS NOT PART OF THE 3% CAP.

SO WE TAX AS NEEDED.

YOUR RATE WILL GO DOWN BECAUSE YOUR TAXABLE VALUE IS GOING UP.

RIGHT? SO IF ALL I NEED IS 6.9 MILLION FROM THE CURRENT YEAR TO THE NEXT YEAR, IT'S REALLY YOU'RE SPREADING IT OUT OVER MORE TAXATION, SO YOU'RE LOWERING THE RATE.

SO IT IS ANTICIPATED THAT THE TAX BILL FROM YOUR PREVIOUS YEAR THAT YOU HAD TO PAY FOR THE UPCOMING YEAR ON THAT PORTION WILL GO DOWN. RIGHT, BECAUSE EACH TAX PAYER IS PAYING LESS BECAUSE WE'RE ABLE TO SPREAD OUT THE REQUIREMENTS OVER MORE PROPERTY VALUATIONS, ESSENTIALLY BECAUSE OUR DEBT REQUIREMENT HASN'T GONE UP, THAT WILL CHANGE IN 25.

SO THIS IS REALLY FOR THIS YEAR.

SO WHEN I ALWAYS KIND OF TELL THE STORY, WHEN YOU'RE LOOKING AT YOUR TAX BILL, SOMETIMES THERE IS A NET, RIGHT? SO IF YOUR TAXES ARE INCREASING BASED ON WHAT WE SAW IN THIS AREA, BECAUSE YOUR VALUATIONS ARE GOING UP, WE'RE TAXING A LITTLE BIT DIFFERENT. SO YOU MAY SEE AN INCREASE ON THAT SIDE.

THE GEO BOND DEBT PORTION IS DECREASING BECAUSE YOU ARE REAPING THAT BENEFIT FROM HIGHER TAXATION.

SO YOU DO HAVE A NET, RIGHT? SO YOU MAY GO DOWN OVER HERE AND IT MAY GO UP HERE.

SO IT COULD BE A WASH, MAY NOT BE, BUT IT'S REALLY JUST YOU'RE INCREASING HERE.

BUT FROM A TAXPAYER STANDPOINT, IT'S REALLY YOUR COLLECTIVE BILL THAT YOU'RE PAYING.

SO IT TRULY IS. I SOMETIMES LOOK AT IT AS TWO SEPARATE THINGS, AND IT'S A NET THAT WE'RE LOOKING AT.

YEAH. SO THAT IS ESSENTIALLY IT.

SO THIS, AGAIN, THE WAY THAT IT IS CALCULATED IS THE SAME WAY AS THE PREVIOUS PREVIOUS SLIDE.

IT IS AGAIN BASED ON YOUR TAXABLE VALUE NON-SCHOOL AMOUNT AND YOU'RE ESSENTIALLY JUST APPLYING THAT RATE.

SO THAT RATE GOING INTO FISCAL YEAR 24.

IT IS RECOMMENDED THAT IT IS SET AT 0.9084 BECAUSE BASED ON THE VALUATIONS THAT WILL GENERATE ENOUGH FUNDING TO GO AHEAD AND MEET THOSE DEBT SERVICE REQUIREMENTS FOR THOSE TWO BONDS.

ALL RIGHT. THIS IS REALLY OUR LAST MAJOR SLIDE.

AND I KNOW THIS IS SOMETHING THAT WE TALK A LOT, A LOT ABOUT.

IT SORT OF GIVES A VISUAL.

SO WITHIN THE GENERAL FUND, AS I MENTIONED, IS WE PRIDE OURSELVES WITH REVENUE DOLLARS COMING IN, NOT USING ANY KIND OF CASH ON HAND FUND BALANCE TO FUND THOSE EXPENDITURES.

SO WE LOOK AT WHAT IF WE WERE TO GENERATE A DOLLAR, HOW MUCH OF THAT DOLLAR WOULD GO TO THOSE DEPARTMENTS THAT OPERATE IN OR SERVICES THAT ARE SUPPLIED IN THE GENERAL FUND? UM, IT DOES EQUAL TO A DOLLAR.

I KNOW A LOT OF PEOPLE LOOK AT THE SPLIT AND THEY KIND OF JUST LOOK AT THE TOP ROW IN TOTAL THOSE UP AND SAY, OH, THAT DOES NOT EQUAL A DOLLAR.

I THINK IT'S LIKE 50 SOME CENTS OR SOMETHING LIKE THAT.

BUT YOU HAVE TO REMEMBER THAT EACH SECTION HAS DEPARTMENTS LISTED UNDERNEATH AND THAT IS THAT FOR EXAMPLE, FOR THE FIRST FIRST COLUMN, THAT IS $0.01 ON THE DOLLAR GOES TO EACH ONE OF THOSE DEPARTMENTS.

SO COLLECTIVELY OUT OF THAT DOLLAR THAT IS GENERATED.

POLICE AND FIRE SORT OF THE SAME STORY THAT WE TELL.

$0.52 OF THAT DOLLAR OR 52% GOES TO OUR PUBLIC SAFETY DEPARTMENTS.

OUR SMALLER DEPARTMENTS, WHICH WE HAVE A LOT OF THE INTERNAL SERVICE DEPARTMENTS, WE HAVE OUR CITY MANAGER'S OFFICE, LEGISLATIVE FINANCE, WHERE A LOT OF OUR COSTS ARE PERSONNEL RELATED.

WE HAVE A SMALLER PORTION OF THAT DOLLAR.

SO FOR THAT PENNY, FOR EXAMPLE, AND THAT'S WHY I KIND OF ITEMIZE IT ON THE RIGHT FOR THE ON THAT DOLLAR.

THE LEGISLATIVE DEPARTMENT REAPS A BENEFIT OF $0.01 ON THE DOLLAR.

CITY ATTORNEY'S OFFICE, $0.01 ON THE DOLLAR.

PROCUREMENT, HR AND COMMUNITY AND ECONOMIC DEVELOPMENT.

SO JUST IMAGINE IF WE WERE TO ADD THAT 51 MILLION, IF YOU TAKE $1 OF THAT, WE ABOUT HALF OF IT AND THAT GOES TO POLICE AND FIRE AND THAT

[01:45:01]

SO IT DOES EQUAL TO THE DOLLAR.

TRUST ME, I'VE DONE THIS MATH MULTIPLE WAYS.

SO IT DOES. BUT THIS IS JUST A VISUAL TO KIND OF SHOW THAT AGAIN.

IT'S THE STORY THAT WE TELL THAT OUR HIGH FOCUS IS ALWAYS PUBLIC SAFETY, FIRE POLICE WHEN WE TALK ABOUT NON-DEPARTMENTAL AND TRANSFERS, THOSE ARE, AGAIN, DEBT SERVICE REQUIREMENTS, FUNDING ROAD MAINTENANCE.

SO THOSE ARE BIG ITEMS THAT ARE FUNDED.

AND PUBLIC WORKS IS ALSO A LARGE PIECE OF THAT.

JUST BECAUSE THEY DO HAVE INFRASTRUCTURE NEEDS THAT AREN'T SUPPORTED BY STORMWATER SOLID WASTE, THINGS LIKE THAT.

SO THIS IS MORE JUST A VISUAL THAT WE LIKE TO INCLUDE AND I THINK THAT'S IT.

ALL RIGHT. ONE MORE. BUT AS I MENTIONED, OUR STATE SHARED REVENUES HAVE NOT COME IN YET.

SO WE DO I THINK WE HAD ESTIMATED PRELIMINARY AMOUNT OF 6.6% INCREASE.

I DID CHECK RIGHT BEFORE WE CAME, AND THEY HAVE NOT BEEN PUBLISHED YET.

USUALLY WHAT WE DO IS WE GO AHEAD AND MOVE INTO THE ADOPTION PROCESS WITH OUR ESTIMATES.

IF THERE ARE ADJUSTMENT, IT'S USUALLY IF THERE HAS BEEN INCREASES, WE GO AHEAD AND ADD THOSE TO THE FIRST BUDGET AMENDMENT.

HISTORICALLY, WE'VE DONE A REQUEST TO FUND CAPITAL.

WE'VE DONE A REQUEST TO FUND OTHER THINGS.

SO IT'S NOT THAT WE WOULD HAVE JUST PUT IT ASIDE AND PUT IT TO OUR CASH AND OUR RESERVES, BUT WE GO AHEAD AND DEDICATE THOSE DOLLARS TO A SPECIFIC REQUEST.

THAT IS UP TO CITY MANAGEMENT.

I DO CHECK FREQUENTLY, SO I TRY TO UPDATE THEM IF I STILL CAN PUT THEM IN THE PROPOSED BUDGET, WHICH IS SCHEDULED TO COME OUT LATER THIS MONTH.

AND SOMETIMES I TRY TO DO A BIT OF A REVISION, BUT IT REALLY DEPENDS ON WHEN THE STATE RELEASES THEM.

IT'S A LITTLE STAGNANT.

SOMETIMES I'LL GET ONE.

THREE ARE PENDING.

SO IT REALLY JUST DEPENDS.

AND THIS IS OUR LAST BIG SLIDE BEFORE WE DO OUR QUESTIONS AND COMMENTS.

SO THESE ARE MY IMPORTANT UPCOMING DATES THAT I HAVE TO DISCLOSE.

SO NEXT WEEK AT YOUR JULY 20TH REGULAR SCHEDULED COUNCIL MEETING, YOU WILL SEE THE MEMO FROM OUR OFFICE TO CERTIFY YOUR TAXABLE VALUES. GO AHEAD AND ADOPT.

NOT THE FINAL DATE, BUT WE ARE ADOPTING OUR PROPOSED MILLAGE RATE.

WE'LL HAVE DISCUSSIONS AND WE'RE GOING TO SET OUR PUBLIC HEARING DATES AND THAT HIS MEMO IS ALREADY IN THE MOTION AND IN THE HOPPER.

USUALLY WHAT WE DO HISTORICALLY, WE GO AHEAD AND PROPOSE TO MAINTAIN THE RATE AS IS, AND THEN WE MOVE INTO THE ADOPTION PROCESS WITH WHATEVER RATE, WHETHER IT'S 3% OR WHATEVER RATE YOU CHOOSE.

SO ALWAYS REMEMBER THAT AS YOU'RE GOING INTO NEXT WEEK'S COUNCIL MEETING AND THAT MEMO DOES COME UP WITH FOR SETTING THAT PROPOSED RATE, YOU CAN ALWAYS GO DOWN AND YOU CAN NEVER GO UP, RIGHT? SO THE STANDARD I DO HAVE A GOOD RAPPORT WITH A LOT OF THE BUDGET INDIVIDUALS AND FINANCE DIRECTORS IN THE COUNTY, AND THAT IS USUALLY THE STANDARD IS THAT YOU PROPOSE A RATE TO MAINTAIN AND THEN YOU HAVE THAT OPTION OF GOING DOWN WITH HURRICANE SEASON, HAVING TO BE ABLE TO EXCEED A CAP BASED ON EMERGENCY NEEDS, THINGS LIKE THAT.

THERE'S THAT FLEXIBILITY THAT YOU HAVE.

SO JUST BECAUSE YOU SEE THAT MEMO COMING THROUGH, THAT IS NOT THE RATE THAT IS ADOPTED UNLESS YOU CHOOSE TO DO SO.

OUR FISCAL YEAR 24 PROPOSED BUDGET IS SCHEDULED TO BE DISTRIBUTED JULY 28TH TO YOU AND MADE PUBLIC.

WE DO HAVE A SECOND OPTIONAL WORKSHOP DATE THAT IS ALREADY ON YOUR CALENDAR FOR AUGUST 1ST, STARTING AT 6:00.

I ALWAYS LABEL IT AS OPTIONAL.

IT JUST DEPENDS ON IF YOU FEEL I DID A GREAT JOB TONIGHT AND YOU WANT TO JUST SAY THIS IS IT.

BUT WE ALWAYS DO ADD THAT IT'S ALREADY ON YOUR CALENDAR, YOUR TENTATIVE HEARING DATES.

SO WHILE THEY ARE TENTATIVE, YOU WILL BE SEEING THAT IN NEXT WEEK'S AGENDA ITEM TO GO AHEAD AND SET THOSE HEARING DATES TENTATIVELY.

YOUR FIRST HEARING DATE IS SEPTEMBER 6TH AND THE SECOND TENTATIVE HEARING DATE OR THE FINAL ACTUAL PUBLIC HEARING IS SEPTEMBER 20TH.

SO YOU HAVE THE SIXTH AND THE 20TH.

HOW THOSE ARE DETERMINED.

THERE'S MANY RESTRICTIONS ON WHEN WE CAN HAVE DATES, WHEN WE CAN'T HAVE DATES, WE CANNOT HAVE THEM AT THE SAME TIME AS THE COUNTY COMMISSION AND AS THE SCHOOL BOARD. SO FINDING DATES THAT SORT OF ADEQUATELY KIND OF MEET MEET THOSE TIMEFRAMES.

WE HAVE A HOLIDAY. I KNOW NOBODY REALLY WANTS TO HAVE THEM ON A FRIDAY.

SO OUR STANDARD IS ALWAYS BEEN TO HAVE THEM ON WEDNESDAYS THAT FIRST WEEK IN SEPTEMBER AND THE THIRD WEEK IN SEPTEMBER.

[01:50:01]

AND AGAIN, WE ARE REQUIRED TO DO A PUBLICATION AND ADVERTISE OUR BUDGET.

SO I HAVE TENTATIVELY HELD SEPTEMBER 15TH WITH THE FLORIDA TODAY TO COMPLETE THAT.

AND THEN WE MOVE INTO THE ADOPTION PHASE.

SO ESSENTIALLY THAT IS THE ADOPTION PHASE WITH SEPTEMBER 20TH BEING THE EVENING THAT WE ADOPT THE FINAL MILLAGE RATE AND THE BUDGET.

AND THEN YOU SHOULD SEE AN APPROVED BUDGET WITHIN 30 DAYS FROM ADOPTION.

SO THAT IS MY STATUTORY REQUIREMENT.

AND MY GOAL IS AGAIN, TO FOR THE SECOND YEAR IN A ROW TO GIVE YOU YOUR FULL BUDGET WITHIN THOSE 30 DAYS.

SO THAT WAS A BIG ACCOMPLISHMENT.

WE PUBLISHED IN 28 DAYS, DOWN FROM 60 THE YEAR BEFORE.

SO WE HAVE BIG STRIDES.

I HAVE BIG GOALS FOR FOR MY SMALL TEAM OF TWO.

BUT SO WE'RE HOPING TO AGAIN, PROVIDE YOU WITH THE FULL APPROVED BUDGET BY OCTOBER 20TH.

AND IF THAT DOES NOT HAPPEN, WE DO DISCLOSE THE APPROVED BUDGET IS JUST A CONDENSED VERSION WITHIN THE 30 DAYS.

AND THAT IS IT FOR QUESTIONS, COMMENTS AND DISCUSSION.

AND I THINK I DID PRETTY GOOD.

YES. YES, YOU DID.

AND ANGELICA, THANK YOU SO MUCH.

YOU'RE WELCOME. YOU HAVE THIS UNCANNY ABILITY TO JUST BREAK IT DOWN TO US.

SO I WANT TO COMMEND YOU FOR THAT.

THANK YOU. I WANT TO START IF THERE ARE ANY QUESTIONS WITH COUNCILMAN FOSTER.

IS HE ON THE LINE? YES, I HAVE NO QUESTION AT THIS TIME.

THANK YOU. COUNCILMAN.

ANY QUESTIONS? COUNCIL? THANK YOU, MA'AM.

SO I'M GOING TO. THE QUESTION.

WELL, COUNCILMAN YOU.

I'M MAKING HIM SPRINT.

SORRY. FIRST OFF, THANK YOU SO MUCH FOR THE PRESENTATION.

I GREATLY APPRECIATE IT.

I HAVE A FEW QUESTIONS.

I DIDN'T WANT TO STOP YOU DURING THE PRESENTATION, SO I WAS JOTTING THEM DOWN.

THE FIRST ONE, UM.

FOR THIS UPCOMING FISCAL YEAR.

ARE WE GOING TO DO ANOTHER BUDGET IN A BRIEF? YES. OKAY.

BECAUSE I LIKE DOING THOSE.

THEY'RE FUN AND COLORFUL AND THEY APPRECIATE IT.

YES. YES.

I'VE BEEN ABLE TO USE THOSE FOR HIGH SCHOOL STUDENTS AND MIDDLE SCHOOL STUDENTS JUST TO GIVE THEM A BREAKDOWN.

YEAH, NO, THEY'RE GOOD TO HAVE AND THEY'RE FUN TO LOOK AT, TOO, AND KIND OF, YOU KNOW, GIVE THEM AN IDEA OF THE POINT ACROSS TO NOT SEEING ALL OF THAT WHAT I JUST WENT THROUGH.

SO YEAH, IT'S A LOT.

I KNOW IT'S A LOT OF NUMBERS, SO I APPRECIATE IT.

I APPRECIATE YOU AND YOUR STAFF, MR. LARRY. I APPRECIATE IT.

SO TO THAT POINT, BOTH OF YOU YOURSELF AND MR. LARRY A FEW YEARS AGO EDUCATED ME TREMENDOUSLY ON ZERO BASED BUDGETING.

AND WE DID IT A FEW YEARS AGO.

BUT YOU TAUGHT ME THE ADVANTAGES AND DISADVANTAGES TO DOING SO.

BUT TO THAT POINT, I WANTED TO ASK, HAVE YOU SEEN THIS YEAR AREAS WHERE DEPARTMENTS MAY BE ABLE TO SAVE ON EXPENDITURES, WHETHER IT'S THROUGH GRANTS, PRIVATIZATION ON EQUIPMENT OR POSITIONS, OR JUST REDUCING EXPENDITURES ALTOGETHER BECAUSE THEY MIGHT HAVE FOUND SOMETHING REDUNDANT OR INEFFICIENT? SO THAT IS SOMETHING WE COULD POTENTIALLY MAYBE SCOPE THROUGHOUT THE YEAR.

THE BUDGET FOR THIS UPCOMING YEAR IS BUILT ON OPERATING MAXIMUM, MEANING THAT YOU ARE ALLOCATED WHAT YOU RECEIVED IN 23 MINUS ONE TIME APPROPRIATIONS.

SO IF YOU'RE ASKING FOR SOMETHING IN THE NEXT YEAR THAT YOU ONLY NEED TO PAY ONCE, THEN YOU ARE NOT ALLOCATED THAT AGAIN.

SO WE ACTUALLY I GO THROUGH THE BUDGET AND EVERYTHING GETS PULLED OUT.

SO WHAT THEY'RE OPERATING ON, BASED ON WHAT WE'VE SEEN AS FAR AS THEIR NEEDS ARE REALLY ALL WITHOUT TAKING A COMPLETE DEEP DIVE.

I MEAN, WE HAVE, YOU KNOW, 3500 EXPENDITURE ACCOUNTS, SO THAT WOULD BE A BIG, DEEP DIVE.

BUT THEY ALREADY ARE ALMOST OPERATING ON WHAT THE OPERATIONAL NEEDS ARE BASED ON THE REQUESTS THAT I'VE SEEN COME THROUGH.

WE'VE HAD SEVERAL DEPARTMENTS MOVE FUNDING AROUND WITH CONTRACTUAL INCREASES GOING AT THE RATE THAT THEY ARE.

THEY'RE MOVING MONEY FROM OTHER ACCOUNTS TO ALREADY ACCOUNT FOR THOSE.

SO SOMETIMES EVEN WITH THE INCREASES THAT THEY'RE REQUESTING IS A PARTIAL BECAUSE THEY'RE ALREADY TRYING TO MAKE IT WORK.

SO I HAVE I HAVE SEEN THAT WE WORK CLOSELY WITH ALL THOSE DEPARTMENTS.

SO THERE IS A WORK BEING DONE ON THEIR END IS TO MOVE THINGS AROUND GENERALLY.

[01:55:03]

SO I THINK I HAD SPOKEN WITH OUR FINANCE DIRECTOR AND OUR IDEA IS TO DO THAT OPERATING MAXIMUM, POSSIBLY FOR TWO YEAR STRETCH TO THREE YEAR STRETCH, AND THEN WE'LL GO AHEAD AND RESET.

I JUST MY CONCERN IS, IS THAT WITH ALL THE INCREASES THAT WE SEE WITH THOSE CONTRACTS AND ON A ZERO BASED BUDGET, YOU TRULY ARE ALLOWING DEPARTMENTS TO.

BUDGET BASED ON THE NEEDS.

SO A LOT OF THOSE REQUESTS THAT YOU SEE THAT COULDN'T BE FUNDED.

TECHNICALLY UNDER ZERO BASED BUDGET WOULD NOW QUALIFY FOR FUNDING BECAUSE IT IS A NEED.

SO THERE'S WORK BEING DONE ON THE BACK END THINGS.

BUT I THINK THAT PROCESS WOULD TRULY BE IMPLEMENTED IF WE WERE TO DO A ZERO BASED BUDGET, WHICH IS GOOD TO DO EVERY FEW YEARS. THAT'S LIKE A RESET YOU DON'T WANT TO DO.

SO. OKAY.

WELL, THANK YOU. THANK YOU FOR THAT.

YEAH, BECAUSE I REMEMBER Y'ALL HAD TOLD ME LIKE, IT'S GOOD TO DO IT EVERY FEW YEARS, BUT NOT EVERY FIVE.

OKAY, EVERY FIVE, BUT NOT CONSISTENTLY.

SO MY NEXT QUESTION.

UM, AND THIS IS, THIS MIGHT BE A IT'S A BROAD QUESTION, BUT OUR COUNCIL, YOU KNOW, WE, WE MAKE SURE WE ADVOCATE AND WE PROMOTE LIKE, HEY, WE NEED TO MAKE SURE WE INCREASE COMMERCIAL INCREASE OUR COMMERCIAL TAX BASE TO BALANCE THE TAX BASE FOR RESIDENTS.

BUT, YOU KNOW, WHEN IS ENOUGH OR IS IT EVER ENOUGH, ESPECIALLY WITH THE 3% CAP ON WHAT BALLPARK FIGURE WOULD IT TAKE TO GET US THERE? IS THAT SOMETHING THAT YOU AND GROWTH MANAGEMENT MIGHT HAVE TO SIT DOWN AND LOOK AT? OR IS THAT. YEAH, SO IT IS SOMETHING THAT I THINK GROWTH MANAGEMENT IS THE DRIVER ON ON ALL OF THAT COMMERCIAL.

BUT I THINK MY MESSAGE IS STILL THE SAME.

YOU HAVE A 3% CAP, RIGHT? WHICH WHEN I'M SHOWING YOU THAT NEW TAXABLE VALUE, WHICH A PORTION OF THAT, A LARGER PORTION IS COMMERCIAL, I WOULD HAVE TO GET A DETAILED BREAKDOWN FROM THE PROPERTY APPRAISER'S OFFICE ON WHAT THAT 550 MILLION IS MADE UP OF.

AND I THINK WE'VE HAD THAT COMMUNICATION WITH THEM BEFORE AND THERE ARE SOME LIMITATIONS ON WHAT THEY CAN ACTUALLY REPORT.

BUT THE MESSAGE IS STILL THE SAME IS YOU'RE REAPING A BENEFIT FOR THE FIRST YEAR AFTER THE FIRST YEAR, REGARDLESS OF HOW MUCH YOU'RE ADDING, YOU ARE SUBJECTING THE COMMERCIAL TO A 3% CAP.

SO IT'S NOT JUST RESIDENTIAL, BUT THAT EVERYTHING IS SUBJECTED TO THAT LIMITATION.

SO. I DON'T LIKE.

MAYBE IT'S NOT A TERMINOLOGY OF SAYING WHEN IS ENOUGH ENOUGH BECAUSE BASED ON THE TRENDS OF WHAT YOU'RE SEEING OF THE NUMBERS THAT ARE BEING PRODUCED IN ORDER TO OFFSET YOUR 3%.

YOU ALMOST HAVE TO CONTINUE PRODUCING WHAT YOU'RE PRODUCING.

AND THE QUESTION.

IS. REALLY? WHAT HAPPENS WHEN YOU'RE NOT PRODUCING ANYMORE.

WHAT? WHAT HAPPENS THEN? RIGHT? BECAUSE THEN YOU HAVE THAT INFRASTRUCTURE THAT YOU MAY HAVE BEEN ABLE TO BUILD.

IT'S A STRUGGLE WITH THE 3%, BUT WE DO SOURCE IMPACT FEES AND WE REALLY TRY TO WITH GRANTS WE WE HOUSING WITH HUD, WE TRY TO MAKE IT WORK.

BUT IT'S REALLY.

I THINK FOR ME, HOW I LOOK AT IT, JUST BECAUSE I FOR ME, EVERYTHING IS BASED ON NUMBERS, RIGHT? AND BASED ON TRENDS AND PROJECTING THINGS OUT.

IT'S NOT TRULY ABOUT WHEN IS ENOUGH ENOUGH BECAUSE YOU HAVE THAT CAP AND YOUR BENEFIT FROM THE COMMERCIAL AND RESIDENTIAL REGARDLESS OF WHAT POT YOU'RE PUTTING IT IN.

YOU REALLY ONLY TRULY REAPING A TRUE BENEFIT IN THAT FIRST YEAR BECAUSE AS IT HITS YOUR TAX ROLL, THE SECOND YEAR, YOU'RE DRIVING DOWN YOUR RATE AND THAT RATE WILL CONTINUE TO DRIVE DOWN FOR EVERYBODY.

IF THAT CONTINUES TO HAPPEN.

SO ESSENTIALLY THAT.

THAT TURNOVER AND PUTTING THINGS ON THE TAX ROLL REALLY HAS TO CONTINUE HAPPENING.

MORE OF IN NOT NECESSARILY JUST IN THE SHORT TERM, BUT IN THE LONGER TERM IN ORDER TO SUSTAIN THE CAPITAL GROWTH NEEDS THAT I SEE COMING THROUGH THE PLAN AT MINIMUM FOR THE NEXT FIVE YEARS.

[02:00:02]

AND YOU SEE THE FACES I'M MAKING BECAUSE I'M JUST IT'S VERY CONCERNING BECAUSE RIGHT NOW WE'RE 60% BUILT OUT.

SO PART OF ME I KNOW WE HAVE TO BE CAREFUL WITH, YOU KNOW, ITEMS THAT ARE QUASI JUDICIAL IN NATURE, BUT IT SOUNDS LIKE, YOU KNOW, WE HAVE TO CONTINUE TO BUILD, BUT WE ONLY HAVE SO MUCH TO BUILD.

SO WHAT HAPPENS WHEN WE'RE AT 90% BUILT OUT OR 100% BUILT OUT, THEN WHAT? SO SO IT'S.

I JUST WANT TO HAVE THE DIALOG.

I KNOW IT'S KIND OF UNCOMFORTABLE, BUT IT NEEDS TO BE IT NEEDS TO HAPPEN BECAUSE I WANT TO MAKE SURE, YOU KNOW, LONG AFTER WE'RE OFF THE COUNCIL MAYOR, WE'RE NOT SETTING UP THE NEXT COUNCIL OR STAFF OR SUZANNE WHILE SHE'S STILL HERE AND EVERYBODY ELSE IS STILL HERE.

I WANT TO MAKE SURE THEY'RE IN A GOOD STATE.

SO THAT WAS A QUESTION I'VE HAD FOR THE PAST FEW WEEKS, ACTUALLY.

SO I'M. LIKE.

SO GOING FORWARD, I GUESS, WHAT WOULD YOU RECOMMEND OR WHAT? WHAT ROUTE? YOU KNOW, I ALWAYS HAVE.

MY JOB IS TO BE IMPARTIAL.

I GO BY WHAT COUNCIL AND CITY MANAGEMENT DIRECTS.

I JUST LOOK AT NUMBERS.

THAT'S THAT'S WHAT I DO.

I DO KNOW THAT OUTSIDE OF THE COUNTY, WE'RE THE ONLY MUNICIPALITY THAT I THINK I KNOW OF IN THE STATE THAT HAS THAT CAP.

AND THEY HAVE THEY'RE HAVING ISSUES AS WELL.

YEAH. I MEAN, IT'S COLLECTIVELY, YOU KNOW, IT'S IT'S NO ONE WANTS TO TALK ABOUT PROPERTY TAXES.

NO ONE WANTS TO SEE THEIR TAXES GO UP.

BUT IT'S DIFFICULT TO.

YOU KNOW, IT'S SORT OF YOU RELATED TO YOUR TO YOUR PERSONAL LIFE IS, IS THAT YOU HAVE NEEDS, YOU HAVE FUTURE NEEDS THAT YOU HAVE TO PAY FOR.

BUT REGARDLESS OF WHAT YOU DO, YOU'RE ALWAYS LIMITED TO, LET'S SAY, A 3% INCREASE.

RIGHT? SO YOU HAVE DEBT JUST LIKE ANYONE.

YOU HAVE MORTGAGE PAYMENTS, YOU HAVE CAR PAYMENTS, HEALTH INSURANCE.

ALL OF THAT WOULD WOULD GO UP.

BUT PERSONALLY, YOUR INCOME STAYS AT THAT 3%, RIGHT? SO IT'S SORT OF A WAY TO LOOK AT IT FOR EVERYBODY ON A MORE PERSONAL ON A FINANCIAL LEVEL IS I MEAN, MANY PEOPLE ARE CONTENT THE WAY THEY ARE, BUT THEY'RE STILL FUTURE NEEDS THAT THAT HAVE TO BE PAID REGARDLESS OF IF YOU LIKE IT OR NOT.

SO IT IT'S TOUGH.

IT'S A TOUGH SITUATION, I THINK.

UH, YOU KNOW, I.

I SEE THE NEEDS THAT THESE DEPARTMENTS HAVE, AND A LOT OF THEM ARE NEEDS.

IT'S NOT A WANT THIS.

OH, THIS WOULD BE NICE TO HAVE.

IT'S NOT A PRIORITY ONE BECAUSE WE SAY IS IT A CONTRACTUAL YOU HAVE TO PAY, IS IT, IS IT SOMETHING THAT'S MANDATED? BUT THERE'S STAFFING NEEDS.

THERE ARE NEEDS FOR OPERATING EXPENSES, FOR DOING JOBS, FOR, YOU KNOW, CERTAIN SERVICES OR CERTAIN TYPES OF INFRASTRUCTURE THAT THAT.

THE CITY IN GENERAL NEEDS THAT THE FUNDING, REGARDLESS OF HOW WELL YOU'RE PRODUCING.

I DON'T WANT TO SAY IT'S NOT THERE, BUT IT IS LIMITED BY BY THE CAP.

SO, YOU KNOW, IT'S I'M IMPARTIAL, BUT FOR ME IT'S IT'S A NUMBERS THING AND IT'S IT IS DIFFICULT TO EXPLAIN.

BUT YEAH, IT'S A, YOU KNOW, IT'S IT'S SOMETHING THAT'S UNIQUE TO US.

THE COUNTY HAS IT AND THE COUNTY EVEN HAS MORE RESTRICTIONS.

IT'S 3% OR CPI.

SO IF YOU HAVE THAT CPI BEING LOWER THAN THAT.

BUT AGAIN, IT'S FROM A MUNICIPALITY STANDPOINT, IF WE WERE AT 90%, IF WE WERE THERE IN 2018, IF WE HAD WHAT WE NEEDED, THEN THE 3% WOULDN'T BE.

SUCH A TOPIC, IT STILL BE A TOPIC, BUT IT WOULDN'T BE SUCH SOMETHING THAT KEEPS YOU UP AT NIGHT.

IT MAKES YOU WAKE UP AT LIKE 4:00 IN THE MORNING.

UM, BUT IT'S, IT'S HARD TO CORRELATE THAT WHEN YOU HAVE THAT GROWTH AND THAT GROWTH REQUIRES FIRE STATIONS.

IT REQUIRES POLICE STATIONS WHICH PUBLIC SAFETY IS 50% OF OUR BUDGET.

AND. THERE'S A LIMIT THAT YOU TAX ON AND EVEN THE NEW CONSTRUCTION.

NEW CONSTRUCTION IS NICE THAT FIRST YEAR.

BUT WE WE'RE TRULY.

FROM MY STANDPOINT IS, IS NOT JUST ADMINISTER THE BUDGET, BUT I WANT A PLAN.

IT'S HARD TO PLAN WHEN YOU'RE IT'S LIKE A YEAR TO YEAR.

[02:05:01]

WE CAN PLAN OUT FOR CERTAIN THINGS, BUT WE DON'T QUITE KNOW HOW THAT FUNDING IS GOING TO COME ABOUT YET.

AND FOR A CITY THIS SIZE AND EVEN IF WE ARE 60% BUILT OUT, IT'S JUST THAT 90% WILL COME RATHER QUICK.

IT'S DIFFICULT, YOU KNOW, IS THAT YOU THERE SHOULD BE THAT THRIVING ASPECT TO WHAT WE DO AND THAT PRIDE AND HAVING THAT 550 MILLION AND IT'S GOOD, BUT.

WE HAVE TO KEEP PRODUCING, YOU KNOW, IN ORDER TO GET TO WHERE WE NEED TO GET TO.

IT'S NOT WHERE WE WANT TO GET TO.

WE WANT TO GET TO WHERE WE'RE AT A POINT YOU ALMOST SELF SUFFICIENT WHERE WE DON'T HAVE THESE WORRIES OF FUNDING, THESE PUBLIC SAFETY TYPES OF NEEDS WITH CASH ON HAND WITH RESERVES THAT WE'RE ABLE TO FUND THAT IN THE APPROVED BUDGET.

SO IT'S REALLY ABOUT JUST TRYING TO GET TO WHERE WE NEED TO BE.

SO. AND I APPRECIATE THAT.

THERE. IT'S JUST.

I'M REALLY TRYING TO THINK DOWN THE LINE.

SO THAT'S. THAT'S ALL.

SO IS IT? SO STAY OUT OF THE 40%.

THIS MIGHT BE FOR GROWTH MANAGEMENT, SAY.

30% OF IT IS COMMERCIAL AND 10% THAT STILL WOULDN'T MAKE A DIFFERENCE ON HELPING OUT.

I WOULD HAVE TO I MEAN, THAT'S.

SIR. OR SO I THINK I GET YOU'RE JUST.

YEAH, I THINK SHE'S TALKING MORE ON THE CAP I THINK WHERE WE'RE AT THE COMMERCIAL ASPECT OF THINGS RIGHT IT WOULD TAKE.

LET'S TAKE A MULTIFAMILY HOUSING.

YES SIR. RIGHT. SO LET'S TAKE THAT AT THE SAME RATE.

BUT WHAT'S GOING TO PRODUCE THE MOST CALLS FOR SERVICES? RIGHT. IT WOULD BE THE MULTI FAMILY.

CORRECT. AND SO BUT YET THE COMMERCIAL STILL BUILDING OPPORTUNITIES FOR JOBS.

RIGHT. IT'S STILL BEING TAXED.

YOU KNOW, IT'S STILL A HIGHER RATE AND IT WOULD TAKE X AMOUNT OF MORE HOMES JUST TO GET THAT SAME TAX RATE.

I THINK THAT'S WHERE YOU WERE GOING, IF I'M NOT MISTAKEN.

NO, THAT'S CORRECT. SO BUT AS FAR AS SHE'S CONCERNED, IT'S STILL A 3%.

YEAH, IT'S ALL GOING TO BE IN THE IN THE ONE POT IN ONE POT.

BUT IT'S HOW DO WE GROW AND HOW DO WE PROVIDE OPPORTUNITIES FOR OUR RESIDENTS.

AND ON THE OTHER HAND, HOW DO WE EFFICIENTLY PROVIDE THAT TYPE OF PUBLIC SAFETY? RIGHT? THOSE CALLS FOR SERVICES, DRIVES IN OUR RESIDENTS AND MULTIFAMILY, IF YOU REALLY LOOK AT IT, THAT THOSE ARE THE DRIVERS, RIGHT? THOSE ARE THE BIGGEST CALLS FOR SERVICES.

SO I THINK THAT'S WHERE YOU WOULD CONCERN.

BUT AS FAR AS ANGELICA IS CONCERNED, SHE'S TALKING ABOUT THAT 3% CAP IN THAT POT.

YES, SIR. OKAY.

ALL RIGHT. I APPRECIATE THAT.

UM, SO NEXT QUESTION IS PROBABLY FOR MISS SUZANNE OR FOR POLICE OR FIRE.

UM, WE'VE DONE I KNOW WE JUST HAD A SWEARING, SWEARING IN TODAY.

SWEARING IN TODAY.

AND I KNOW WE'RE GETTING FULLY STAFFED WITH BOTH POLICE AND FIRE.

AND RIGHT NOW WE'RE AT 133,000 PLUS RESIDENTS.

ARE WE START ARE WE CLOSING THE GAP FROM WHERE WE WERE LAST YEAR? AND IF NOT, IS THE SIX AND FIVE POSITIONS FOR POLICE AND FIRE ENOUGH OR DO WE NEED TO OR.

YOU'RE RIGHT. YOU KNOW, I WAS SAVING THAT FOR DISCUSSION.

OKAY. WE START DISCUSSING.

YES, SIR. BUT YOU'RE RIGHT ALONGSIDE.

AND BECAUSE, AS YOU KNOW, WE AS A BODY, WE WENT ABOVE THE CAP LAST YEAR.

YES, SIR. IN AN EFFORT TO REDUCE THOSE RESPONSE TIMES THAT THESE CRITICAL CALLS.

RIGHT. IF YOU RECALL THAT.

SO THOSE ARE DISCUSSIONS I THINK THAT WE'RE GOING TO HAVE.

AND IF YOU DON'T MIND, MADAM CHAIRMAN, I'D LIKE TO GO DOWN THAT ROAD.

SO SAVE IT FOR LATER OR SAVE IT FOR LATER.

ALL RIGHT. OKAY. LET'S ALLOW THE PUBLIC TO COMMUNICATE NOW AND THEN WE'LL.

SORRY. I GOT IT.

YES, SIR. ARE YOU.

YEAH, I'M GOOD. ALL RIGHT. IF WE'RE GOING TO TALK ABOUT IT LATER, THEN I'M GOOD.

YES, SIR. ALL RIGHT. OKAY. UH COUNCILMAN.

FELIX. ANY ANY QUESTIONS? I JUST WANTED TO SAY THANK YOU TO ANGELICA FOR SUCH A GREAT JOB AND TOOK HER TIME.

SHE REALLY BREAK IT DOWN AND.

AND MAKE IT CLEAR TO ANYBODY THAT ACTUALLY WANT TO PAY ATTENTION.

RIGHT. THAT THAT THEY WANT TO GET SOMETHING OUT OF YOUR PRESENTATION.

BECAUSE I THINK IT'S IMPORTANT TO TO NOTE THAT YOU YOU PAINTED A GREAT PICTURE.

YOU MADE IT CLEAR THE NOTION THAT'S OUT THERE, WE MUST SAY THE PUBLIC, YOU KNOW, WE HAVE A GROUP WITHIN OUR COMMUNITY THAT PAINT A WHOLE DIFFERENT PICTURE.

RIGHT? SO AND THAT GIVES ME HOPE.

AND IT'S REALLY ENCOURAGING TO KNOW THAT THERE'S THIS BODY HERE AND STAFF.

WE HAVE A RESPONSIBLE GROUP OF FOLKS THAT ARE MAKING RESPONSIBLE DECISIONS FOR THE CITY.

[02:10:04]

UM, I THINK IT'S CLEAR WE ARE IN A GOOD STATE, THE CITY IN A GREAT FINANCIAL STATE.

IN FACT, OUR RATING JUST WENT UP.

YES. WHICH IS A GREAT THING.

IF YOU'RE LISTENING, WE ARE IN A GREAT POSITION.

SO WHATEVER'S OUT THERE JUST, YOU KNOW, PAY ATTENTION, ASK QUESTIONS, AND THANK YOU SO MUCH FOR OUR PRESENTATION AND CONGRATULATIONS ON YOUR RECENT ACCREDITATION.

THANK YOU. YES, IT WAS FIVE EXAMS. WELL, THIS TOOK SOME TIME, BUT YEAH, I WAS FINALLY DONE, SO IT WAS DEFINITELY A GOOD THING TO CHECK OFF.

SO COOL. THANK YOU.

APPRECIATE IT. THANK YOU.

SO AT THIS TIME, I'M GOING TO ASK THE COMMUNITY, ANYONE WISH TO SPEAK ON THIS ITEM, PLEASE STEP FORWARD.

I'M LOOKING AT THE VAST AUDIENCE THAT WE HAVE OF RESIDENTS.

YES, SIR. COME ON UP.

GOOD EVENING, MR. MAYOR. GOOD EVENING, COUNCIL.

MY NAME IS RANDALL OLSZEWSKI.

I RESIDE AT 348 BROOK STREET, NORTHEAST.

I ALSO HAPPEN TO BE THE CHAIR OF THE CITIZENS BUDGET ADVISORY BOARD.

WE'RE GOING TO HAVE A BUDGET ADVISORY BOARD MEETING TOMORROW NIGHT TO DISCUSS THIS WORKSHOP AND ITS CONTENTS, AS WELL AS SOME OTHER THINGS THAT HAVE TO DO WITH THE CITY'S FINANCIAL HEALTH. SO I'LL RESERVE A LOT OF THAT FOR THAT CONVERSATION AND FOR THAT FORUM TO REALLY UNPACK.

BUT I DO WANT TO SHARE WITH YOU COUNCIL THAT WHERE I'M AT FROM THAT PRESENTATION AND THE UNDERSTANDING OF NEXT WEEK'S AGENDA MEMOS AND SETTING OUR FIRST RATE AND KNOWING YOU CAN ONLY BE SO HIGH AND IF TO COME LOWER, I REALLY WON'T BE IN SUPPORT NEXT WEEK AND I'LL CERTAINLY BE HAPPY TO COME UP AND SPEAK AGAINST SETTING IT EVEN TENTATIVELY, EVEN FOR CONVERSATION SAKE.

AT 7.5995.

THAT'S TOO HIGH. THAT'S TOO DAMN HIGH.

I THINK THAT YOU SHOULD SET IT AT 3%, WHICH WAS THE 7.01 AND SOME CHANGE WITH THE POSSIBILITY AND THE CONVERSATION, HEALTHY POLITICAL DEBATE GETTING US TO ROLL BACK.

THAT SHOULD BE THE ONLY BACKWARDS YOU GO.

IT SHOULD BE A CAT AS YOUR MAX.

IT SHOULD BE A ROLL BACK AS YOUR CONSIDERATION POINT AFTER THAT.

BECAUSE IN MY PERSONAL OPINION, AS A CITIZEN OF A THRIVING COMMUNITY, ROLLBACK IS A STATE THAT A MUNICIPALITY, A MUNICIPALITY WANTS TO GET TO.

LOOK AT OUR NEIGHBOR CITY, MELBOURNE.

THEY ROLLED BACK LAST YEAR.

THEY HAVE A POLICE DEPARTMENT THAT'S ABOUT THE SIZE OF OUR POLICE DEPARTMENT, EXCEPT THEIR COMMUNITY IS NOT AS BIG.

THEY HAVE A POLICE DEPARTMENT THAT'S GETTING A BRAND NEW POLICE DEPARTMENT BUILDING ERECTED RIGHT NOW.

THEY HAVE MORE PARK SERVICE, MORE PARKS AVAILABLE TO THEIR CITIZENS, MORE DIVERSITY IN RECREATION SUCH AS GOLF COURSES.

THEY HAVE BETTER AND STRONGER AND MORE ROBUST RECREATION DEPARTMENT THAT OFFERS LEAGUES TO THEIR CITIZENS.

ALL OF THESE THINGS AND ALL OF THEIR CITIZENS GOT THE LUXURY OF A ROLLBACK MILLAGE RATE LAST YEAR OF A ROLLBACK MILLAGE RATE WITHOUT AN ADDITIONAL MILLAGE RATE DUE TO DEBT THAT THE CITY HAD TO TAKE ON TO TAKE CARE OF ROADS OR OTHER MUNICIPAL SERVICES, AS WAS EXPLAINED.

OUR DEBT SERVICE IS GOING TO GO UP NEXT YEAR BECAUSE WE'VE ALREADY AUTHORIZED TO TAKE DOWN $50 MILLION.

AS HAS BEEN EXPLAINED, OUR CREDIT RATING HAS GONE UP, WHICH WE'RE CELEBRATING BECAUSE WE WANT TO TAKE OUT MORE DEBT.

WE TAKE OUT MORE DEBT.

CITIZENS WILL HAVE TO SERVICE THAT DEBT THROUGH THESE MILLAGE RATES.

SO THE ASPIRATION SHOULD BE A ROLLBACK RATE.

NOTE THAT BETWEEN YOUR 3% CAP BLESS YOU, MA'AM, BETWEEN YOUR 3% CAP AND YOUR ROLLBACK RATE, YOUR LOSS OF REVENUE OPPORTUNITY IS A MERE $1.4 MILLION.

BUT THINK ABOUT HOW FAR IT COULD GO IN YOUR COMMUNITY TO GIVE THE GIFT TO THE PALM BAY CITIZENS OF KNOWING THAT THEY LIVE IN A COMMUNITY THAT'S SO FISCALLY HEALTHY THAT THEY CAN GO TO ROLLBACK.

THINK ABOUT THE IMPACT. I THINK THAT IMPACT WILL BE WELL WORTH THE 1.4 MILLION BECAUSE AS YOU ALSO SAW IN THE REPORT, YOU STAND TO MAKE THAT 1.4 MILLION AND THEN SOME HAD THE SAME CONVERSATION WITH YOU LAST YEAR, BEGGED YOU NOT TO RAISE AND GO ABOVE THE CAP AND ASK FOR THAT $5 MILLION WORTH MORE REVENUE.

AND LOOK AT THAT. WHEN IT ALL PENCILED OUT, WE WOULD HAVE PENCILED OUT THE SAME.

SO LET'S JUST TAKE ALL THINGS INTO ACCOUNT AND STRIVE FOR THAT ROLLBACK RATE.

THANK YOU VERY MUCH. THANK YOU.

ANYONE ELSE WISH TO COME AND SPEAK? SEEING NONE. THEN I'M TOSSING THIS BACK TO COUNCIL SO WE CAN START DISCUSSING THIS.

AND I'M IN AGREEMENT WITH YOU.

COUNCILMAN. JOHNSON.

LOOKING, LOOKING DOWN RANGE.

HOW DO WE HOW DO WE REDUCE THAT THAT RESPONSE TIME? HOW DO WE EQUIP OUR FIRST RESPONDERS? HOW DO WE PROVIDE SERVICES? SOMETHING THAT ISN'T DISCUSSED IS HOW OLD WE ARE.

WE'RE 63 YEARS OLD.

OUR NEIGHBORING CITY HAS BEEN AROUND FOR MANY YEARS, AND OTHER NEIGHBORING CITIES HAVE ESTABLISHED THAT COMMERCIAL TAX BASE THAT WE'RE WE'RE WANTING.

[02:15:06]

AND THAT THAT PRETTY MUCH PUT A HAMSTRING IF YOU ASK ME AND AND YEAH I'VE BEEN HERE 34 YEARS AND I REMEMBER AS A YOUNG MAN, AS THE YOUNG MR. OLSZEWSKI, I WOULD COME AND SPEAK TO THE LEADERS AND SAY, HOW CAN WE MAINTAIN OUR CITY WITH SERVICES? AND IT'S CRITICAL TO ME THAT WE DO NEED THAT COMMERCIAL.

NOW, THAT BEING SAID, WE BROKE THAT DOWN, RIGHT? UM, LAST YEAR I SAID THIS.

I'M VOTING TO GO OVER THE 3% CAP, BUT NOT FOR NEXT YEAR.

NOT MEANING THIS FISCAL YEAR.

AND I MEANT THAT BECAUSE I SAW THE CRITICAL NEED AND THERE IS A CRITICAL NEED.

WE'VE MADE IMPROVEMENTS, CAPITAL IMPROVEMENTS.

RIGHT. BY GOING OVER THE 3% CAP THIS YEAR.

I'M GOOD AT THE 3% CAP.

AND BECAUSE I THINK THERE'S THERE'LL BE SOME OPPORTUNITIES TO EVEN INCREASE OUR OUR CAPITAL IMPROVEMENTS LIKE WE NEED TO CONTINUE THAT TREND OF CAPITAL IMPROVEMENTS FOR OUR FIRST RESPONDERS.

BECAUSE THERE WAS A IF YOU REMEMBER, THERE WAS A FIVE YEAR PLAN THAT WAS ROLLED OUT AND I THINK IT WAS FOR THE VERY FIRST TIME THAT I HAD SEEN THAT IN OVER A DECADE IN THIS CITY. SO I THINK WE NEED TO CONTINUE TO BUILD ON THAT.

AND YES, YOU CAN SAY WE WE WE COULD ROLL BACK THE RATE, BUT IN MY EYES, I THINK WE NEED TO STAY WITHIN THE 3% CAP AND CONTINUE TO BUILD ON THE PROGRESS THAT WE LAID LAST YEAR IN RESPONSE TIME.

AND LISTEN, I'LL TELL YOU THIS, UM.

WHEN? WHEN A CALL FOR SERVICE IS MADE.

EVERY SECOND COUNTS.

I CAN TELL YOU I SEEN THAT TIME AND TIME AGAIN.

I'VE BEEN ON ON.

IT'S MOSTLY, YOU KNOW, I'VE BEEN I'VE BEEN THE BENEFIT OF OF RIDING WITH LAW ENFORCEMENT AND HAVING A LAW ENFORCEMENT APPLY CPR.

EVERY SECOND COUNTS.

AND WE WE WE GOT THERE WAY BEFORE THE AMBULANCE.

OR THE FIREFIGHTERS GOT THERE.

AND AND THEY SAY THAT GENTLEMAN, A VIETNAM VET, WAS HIS LIFE WAS SAVED.

SO I WANT TO CONTINUE DOWN THAT TREND, GENTLEMEN.

UM, I KNOW THAT A LOT HAS BEEN SAID WITH THE 7.595.

I THOUGHT IT WAS GREAT THAT THERE WAS NOT MUCH OF AN INCREASE.

BUT THIS YEAR WE'RE LOOKING AT.

RIGHT? WE'RE LOOKING AT HOMEOWNERS.

INSURANCES ARE LIKE AT A SKYROCKET RATE.

AND EVEN THOUGH WE HAVE NO CONTROL OVER THAT, I THINK HERE WE HAVE A CONTROL WHERE WE CAN SET MAKE SURE THAT WE DON'T GO ABOVE THE 3% CAP.

SO WHAT ARE YOUR THOUGHTS? I'LL START WITH COUNCILMAN FOSTER.

UM, YOUR COMMENTS, SIR.

HE ON THE LINE, MA'AM? OKAY, SO I'LL PASS ON TO COUNCILMAN.

JOHNSON. I'LL BE BRIEF, SIR.

I'M DEFINITELY IN SUPPORT OF STAYING WITHIN THE 3% CAP.

THE THE MAIN THING I JUST WANTED AND MAYBE WE CAN JUST GET AN ANSWER LATER, BUT I WOULD LIKE TO KNOW FROM BOTH POLICE AND FIRE ONE.

WITH THESE FIVE AND SIX POSITIONS, DO THEY FEEL CONFIDENT? AND I FEEL CONFIDENT, BUT DO THEY FEEL CONFIDENT THEY'LL BE ABLE TO QUICKLY FILL THEM UP? I FEEL CONFIDENT BECAUSE I SEE THE PROGRAM THAT POLICE HAD AND HOW QUICKLY WE GOT OFFICERS FROM OTHER OTHER CITIES AND MUNICIPALITIES COMING HERE.

AND I'M CONFIDENT WITH OUR FIRE THAT THEY CAN FILL THEM.

BUT I JUST WANT TO MAKE SURE BECAUSE IF THAT'S THE CASE AND THEN WE SEE THAT WE DO NEED MORE POSITIONS, THEN WHY NOT GO FOR IT? SO BUT IF IF WE'RE LOOKING AT DOING THAT BY STAYING AT THE 3% CAP, BUT UNDESIGNATED FUND BALANCE OR WHATEVER THE CASE MAY BE, I'M WITH IT, SIR, BUT I'M DEFINITELY IN SUPPORT OF STAYING WITHIN THE 3% CAP, SIR.

THANK YOU. COUNCILMAN FELIX OR DEPUTY MAYOR FELIX.

THANK YOU, MAYOR. UM.

ALONGSIDE YOU AND I THIS YEAR I WOULD BE IN SUPPORT OF STAYING WITHIN THE CAP AS WELL.

CONSIDERING EVEN WITH THE CAP, WE'LL HAVE A REVENUE, WE'LL GENERATE A REVENUE OF INCREASE OF 5.2 MILLION.

SO AGAIN, YOU KNOW, OUR NEEDS ARE GREAT.

[02:20:03]

SO I THINK WITH THAT, THAT CAN STILL HELP US QUITE A BIT.

MEETING SOME OF THESE NEEDS, I WOULD CERTAINLY BE IN SUPPORT OF THIS YEAR.

THANK YOU. COUNCILMAN.

FOSTER. YES, SIR.

YOUR COMMENT, SIR? YOU'RE NOT THOUGHT ABOUT THIS THE LAST TWO DAYS, LOOKING OVER THE PRESENTATION.

I'M NOT GOING TO. I WANT TO RAISE ANY MILLAGE RATES.

I WANT TO KEEP IT AT THE RATE WE GOT RIGHT NOW.

IF YOU LOOK AT SLIDE.

30. WELL, I TOLD YOU ON THE PRESENTATION, IF YOU GO TO SLIDE 30 ON THE PRESENTATION.

AND I NOTICED THIS DURING A DELICATE PRESENTATION.

THE LAST SENTENCE IN THAT SLIDE, IT SAYS.

CONTINUED TO DECREASE HIS ADOPTED MILLAGE RATE RESTRICTED RESTRICT FUTURE NEEDS FOR INCREASE AS OUTLINED BY THE STATE.

AND. IF WE ADOPT A 3% CAP.

AND WE COME BACK IN 2024 FOR ANOTHER BUDGET, WHICH WE WILL WE WON'T BE ABLE TO GO OVER THAT 7.0.

THIS IS. AND WOULD BE AN INCREASE.

I THINK IF WE WE IF WE KEEP AT THE SAME MILLAGE RATE WE GOT RIGHT NOW, I THINK WE'D BE BETTER OFF TO CONTINUE TO IMPROVE.

AND OUR PUBLIC SAFETY, WE GOT THE BEST FIREFIGHTERS.

I EXPERIENCE THAT WORK PERSONALLY AND WE GOT THE BEST FIREFIGHTERS IN THE COUNTY AND WE NEED TO MAKE SURE THAT THEY ARE WELL TRAINED, WELL EQUIPPED AND HAVE THE RIGHT PERSONNEL.

AND WE STILL GOT A LONG WAY TO GO.

I KNOW WE WE WENT OVER THE CAP LAST YEAR, UM, BUT AND WE MADE SOME GREAT IMPROVEMENT IMPROVEMENTS.

BUT WE'RE STILL NOT OUT OF THE WOODS YET.

YOU NOT OUT YET. SO I THINK WE SHOULD JUST KEEP IT THE SAME MILLAGE RATE THAT WE HAVE RIGHT NOW.

AND THAT'S WHERE I'M AT.

I'M TRACKING YOU.

COUNCILMAN FOSTER.

JUST FOR.

JUST TO FURTHER DISCUSS THAT.

WE DON'T HAVE A SUPERMAJORITY THAT WOULD AGREE WITH YOU ON THAT AT THIS TIME.

ARE THERE ANY OTHER COMMENTS REGARDING THE 3% CAP THAT YOU WANTED TO STATE? NO, SIR. SO.

ALL RIGHT. THANK YOU. SO, COUNSEL.

YOU KNOW THE CONCERN NOW, LET'S LET'S DISCUSS.

WE'RE ALL IN AGREEMENT WITH THE 3% CAP, EXCEPT FOR OUR.

OUR COLLEAGUE, COUNCILMAN FOSTER.

RIGHT. SO THE CONCERN NOW IS IF WE SET THIS RATE OF 3%, THAT DOESN'T MEAN WE'RE GOING TO ADOPT IT, RIGHT? WE COULD NEVER GO UP.

SO BARRING IF THERE IS A CATASTROPHE, NOT THAT I'M CALLING THAT IN, I ACTUALLY REJECT THAT WE WILL BE LIMITED.

AND I'M I'M ARGUING WHAT COUNCILMAN FOSTER SAYING.

PERHAPS WE COULD SET IT AT A HIGHER THAN THE 3% CAP, BUT KNOWING THAT I WILL NOT VOTE FOR TO EXCEED THE 3% CAP UNLESS THERE IS A CATASTROPHE.

DOES THAT MAKE SENSE? YES. SO.

SO WHERE I'M WHERE I'M AT IS IF SOMETHING HAPPENS DURING THIS HURRICANE SEASON AS AN EXAMPLE, UM, WE COULD JUST SAY SET THE MILLAGE AT THE 7.5995 AND, AND THAT WAY WE'LL BE COMFORTABLE BECAUSE ONCE WE SET THAT, WE CAN'T GO HIGHER.

IF WE SET THAT TO 7.017 RATE, WE CAN NEVER GO HIGHER.

WE HAVE TO STAY THERE AND AND WE JUST DON'T KNOW WHAT'LL HAPPEN.

BUT I'M GOING ON THE RECORD AS SAYING I'M NOT GOING TO EXCEED THE 3% CAP.

AND I THINK WE WE CAN ESTABLISH THAT.

BUT I WANT TO GET THAT FEEDBACK FROM EVERYONE BECAUSE COUNCILMAN FOSTER DOES BRING UP SOME LEGITIMATE CONCERNS, ALTHOUGH HIS CONCERNS ARE MORE DOWN RANGE, I'M MORE CONCERNED WITH IT HERE LOCALLY DURING THIS THIS HURRICANE SEASON.

YES, SIR. AND GO AHEAD.

YES, SIR. AND I AGREE WITH THAT.

UM, WHAT I WOULD LIKE TO SEE, JUST FOR CONVERSATION AND CONTEXT, IF STAFF CAN COME TO US, ONE, TO ANSWER THE QUESTIONS IN

[02:25:08]

AND I DO WANT TO SAY THIS TO THE REST OF THE STAFF.

WE I'M NOT FORGETTING Y'ALL, THE REST OF THE DEPARTMENTS, WE'RE NOT FORGETTING Y'ALL.

WE'RE JUST LOOKING IN REGARDS TO PUBLIC SAFETY.

SO I WANT TO SAY THAT CLEARLY.

SO NOBODY'S LIKE COUNCILMAN JOHNSON.

OKAY. SO LOVE, LOVE EVERY DEPARTMENT, LOVE ALL OF Y'ALL.

APPRECIATE WHAT YOU DO.

UM, BUT I WOULD LIKE NUMBERS.

MRS. SUZANNE. MRS. SUZANNE. SORRY. UM, ON IF WE WERE TO PROVIDE MORE THAN FIVE OFFICERS, FIVE SIX OFFICERS AND FIVE FIREFIGHTERS. UM, IF WE SET, IF WE WERE TO SET THE RATE AT THE CURRENT MILLAGE RATE, HOW MANY MORE OFFICERS AND FIREFIGHTERS WILL WE LOOK AT? OR IF WE WERE TO USE UN DESIGNATED FUND BALANCE, HOW MUCH WILL WE BE LOOKING TO USE AS WELL IF WE CAN HAVE FOR NEXT WEEK SINCE WE'RE VOTING ON IT? I THINK THAT'LL ALSO BE IMPORTANT AS WELL.

YEAH, AND I'D LIKE TO TAG IN ON THAT AND INCLUDE EQUIPMENT.

EQUIPMENT IS CRITICAL.

SO, YOU KNOW, AND IF YOU REMEMBER THAT PRESENTATION, UH, WE AND MAYBE GET A BRIEF OR MAYBE NOT SO MUCH A BRIEF, BUT INFORMATION ON.

HOW WE'VE REDUCED THE THE THE RESPONSE TIME AND WHAT OUR TARGET IS.

WHAT WHAT ARE WE GOING FOR? BECAUSE THIS IS ALL RELATIVE INFORMATION.

I WILL SAY THIS.

WHEN I WHEN I WAS ON THAT LIFE SAVING CALL, IT WAS NOT OUR.

FIRE RESCUE.

WE HAVE AN INTERLOCAL AGREEMENT WITH BREVARD COUNTY IN THE LOCHMOR AREA.

SO I JUST WANT TO GO ON THE RECORD.

IT WAS NOT OUR CITY FIRE RESCUE, BUT PALM BAY PD ARRIVED TO THE SCENE FIRST AND WAS ABLE TO ADMINISTER CPR. SO THAT BEING SAID, I ALSO WANTED TO TALK THROUGH SOME THINGS SINCE WE'RE GOING TO WE'RE GOING TO GO INTO THE INTO THIS DISCUSSION, RIGHT.

OF WHAT THIS LOOKS LIKE.

I LIKE FOR US TO CONSIDER AND MOST OF YOU KNOW THAT I BROUGHT UP THE IDEA OF BRINGING IN A VETERAN SERVICE OFFICER.

AND I KNOW THAT THE THE STAFF HAS BEEN LOOKING AT THAT WITH BREVARD COUNTY AND FOR A FULL TIME SERVICE OFFICERS WITH BENEFITS AND ALL THAT. ONE OF THEM IT WOULD BE $75,000.

SO I WANTED US TO START THINKING IN THAT CAPACITY.

I ALSO WANTED TO TALK A LITTLE BIT ABOUT THOSE CAPITAL IMPROVEMENTS THAT WE WERE JUST TALKING ABOUT WITH OUR OUR POLICE AND FIRE AND WITH EVERYONE ELSE. AND TO COUNCILMAN JOHNSON'S POINT TO EVERY EMPLOYEE WITHIN OUR CITY, WE REALLY APPRECIATE YOU.

AND THAT'S WHY WE INCREASED YOUR PAY, RIGHT? WE DID THE MERIT.

JUST WANT TO SHARE.

AND SO WE'RE NOT LEAVING YOU OUT.

IT'S JUST WE HAVE TO PROTECT OUR CITIZENS AND PROTECT EACH OTHER.

SO I KNOW THAT COUNCILMAN JOHNSON WAS LIKE, OH, PLEASE DON'T GET ON ME.

I THINK EVERYONE APPRECIATES THE FACT THAT WE DID CONSIDER YOU AND AND WE WANT TO COMPENSATE YOU ACCORDINGLY.

UM, COUNCILMAN OR DEPUTY MAYOR FELIX ANYTHING ELSE BEFORE WE CLOSE OUT AND THEN COUNCILMAN FOSTER? NO, I THINK, AGAIN, I WOULD AGREE WITH SOME DEGREE.

COUNCILMAN FOSTER BROUGHT SOME GOOD CONCERN AND I THINK I THOUGHT ABOUT THE SAME THING TOO.

IN TERMS OF, UM, YOU KNOW, YES, WE ARE DOING WELL IN TERMS OF OUR GROWTH WE'VE SEEN, BUT IT'S NOT CERTAIN. WE DON'T KNOW WHAT THE ECONOMY CAN CAN BE OVER THE NEXT YEAR OR TWO YEARS.

SO WHAT HAPPENED THEN? RIGHT? SO WE'VE SEEN THE HISTORY OF THE CITY WHERE WHEN, WHEN, YOU KNOW, PREVIOUS COUNCIL FACED THESE LEAN YEARS WHERE THEY HAD TO, YOU KNOW, THEY HAVE NO CHOICE BUT TO RAISE THE MILLAGE.

UM, SO WE GOT TO TAKE ALL THAT INTO CONSIDERATION.

BUT FOR ME THIS YEAR, I THINK THE NUMBER, THE THE PROJECTED RETURN, I'M OKAY WITH THE FIVE WITH THE WITH THE, THE 3%.

BUT AGAIN, YOU KNOW, CERTAINLY I THINK ALL THE IS CONCERNED IS VERY IMPORTANT.

THAT'S SOMETHING WE NEED TO CONSIDER.

AND AS WELL, WHAT YOU SAID, MAYOR, I THINK IS VERY IMPORTANT BECAUSE WE DON'T KNOW WHAT THE THE SEASON, THE HURRICANE SEASON, YOU KNOW, WHAT COULD HAPPEN OVER THE NEXT COUPLE OF MONTHS. SO I THINK IT MAY BE PRUDENT TO TO MOVE IN THAT DIRECTION.

YEAH. SO, MADAM SHERMAN, WHAT ELSE DO YOU NEED FROM US?

[02:30:02]

SORRY. TONIGHT WE ONLY NEED CONSENSUS AND SOME SOME DIRECTION ON SOME THINGS.

IF I MAY. SINCE YOU'VE BROUGHT ME.

CARRY ON. UM, SO I WANT TO GO BACK TO THE DISCUSSION ABOUT POLICE AND FIRE, BECAUSE LAST YEAR WE DID HAVE THOSE PRESENTATIONS FROM BOTH DEPARTMENTS AND WE TALKED ABOUT WHAT THE GOALS WOULD LOOK LIKE TO SUCCESSFULLY.

AND SIGNIFICANTLY BEGIN TO TACKLE OUR RESPONSE TIME ISSUES.

UM, AND I WANT TO BE COMPLETELY TRANSPARENT WITH YOU, AND I KNOW CHIEF WOULD BE HAPPY TO COME UP AND SHARE A LITTLE BIT MORE BECAUSE WE'VE CERTAINLY MADE PROGRESS WITH WHAT YOU ALL FUNDED LAST YEAR.

BUT WE ARE NOT WE ARE NOT FULLY MEETING THE PROPOSAL THAT WE PROVIDED TO YOU LAST YEAR.

WE DON'T HAVE THERE WERE 14 OFFICER POSITIONS IN TOTAL THAT WERE INCLUDED IN THAT PROPOSAL.

AND OBVIOUSLY A LOT OF CAPITAL NEEDS THAT WE HAVE NOT FUNDED IN THIS PROPOSED BUDGET FIRE IS IS SIMILAR IN THAT WE'VE ADDED SOME POSITIONS, BUT NOT ALL THAT WE NEED, NOR HAVE WE ADDRESSED CAPITAL.

SO I SAY ALL THAT TO SAY THEY WILL ABSOLUTELY COME UP AND TELL YOU MORE ABOUT THEIR NEEDS IF YOU WANT TO HEAR THAT.

BUT WHAT MY RECOMMENDATION IS GOING TO BE, IF WE'RE IN A 3% CAP ENVIRONMENT, AS AS WE'RE DISCUSSING TONIGHT, IS I WOULD NOT RECOMMEND USE OF UNDESIGNATED UNASSIGNED FUND BALANCE FOR PERSONNEL.

I CONSIDER THAT TO BE JUST A ONE TIME, ESPECIALLY FOR SIGNIFICANT PERSONNEL INVESTMENTS.

LIKE IF WE WANTED TO ADD FIVE MORE POLICE OFFICERS, I WOULD NOT EVER RECOMMEND THAT TO YOU JUST BECAUSE I DON'T KNOW WHAT THE FUTURE YEAR LOOKS LIKE.

BUT I WOULD SAY THAT BECAUSE WE'VE BEEN SO DILIGENT ABOUT BUILDING OUR RESERVES, THIS WOULD BE THE YEAR IN A CAP ENVIRONMENT BUDGET WHERE WE WOULD ASK FOR A SIGNIFICANT PULL FROM UNDESIGNATED FUND BALANCE TO TRY TO ADDRESS SOME OF THE MANY OUTSTANDING CAPITAL NEEDS THAT ARE NOT JUST IN POLICE AND FIRE, BUT EVEN THE BASIC THINGS WE'RE TRYING TO DO, WHERE WE'RE TRYING TO KEEP UP WITH TRAFFIC, LIGHT SIGNAL SPAN, WIRE REPLACEMENTS, THAT'S NOT IN HERE AT THE LEVEL WE WANT IT TO BE.

AND I COULD GO ON AND ON ABOUT 20 PLUS YEAR OLD VEHICLES THAT ARE IN THE PARKS AND FACILITIES DEPARTMENT AS AN EXAMPLE.

SO SO THAT WOULD BE MY RECOMMENDATION IF WE WANT TO IF WE WANT TO LIVE IN THE CAP ENVIRONMENT WORLD, THEN AT LEAST I WOULD REQUEST YOUR CONSIDERATION FOR BRINGING SOMETHING BACK TO YOU THAT GIVES A SIGNIFICANT CONTINUED INVESTMENT IN CAPITAL.

BECAUSE IF YOU REALLY LOOK AT IT, ALL THE YEARS OF NOT PROPERLY FUNDING OUR CAPITAL NEEDS, WE'RE ONLY A COUPLE OF YEARS INTO THE PLAN TO TRY TO CATCH UP AND WE'RE NOWHERE NEAR GETTING CLOSE TO TACKLING, EVEN WITH THE FIRE STATION SEVEN FUNDING STRATEGY AND EVEN WITH BUILDING E BECAUSE OF ARPA FUNDING AND BUILDING ENTERPRISE FUNDING.

EVEN WITH THOSE STRATEGIES, WE'RE NOWHERE NEAR DOING WHAT WE NEED TO EXPAND OUR ACTUAL INFRASTRUCTURE TO MEET THE NEEDS OF OUR RESIDENTS.

BECAUSE OF ALL THOSE YEARS IN THE PAST THAT NOTHING WAS REALLY GROWING.

SO I WANTED TO SAY THAT JUST AS A MAKE SURE YOU'RE AWARE THAT THAT'S SOMETHING I'M GOING TO COME BACK TO YOU ALL WITH BECAUSE I FEEL IT'S VERY IMPORTANT TO TRY TO MEET SOME SOME OF THOSE SIGNIFICANT CAPITAL GENERAL FUND NEEDS.

BEYOND THAT, IF YOU HAVE I HEARD THE VETERAN SERVICE OFFICER POSITION, IF YOU ALL HAVE ANY OTHER SPECIFIC THINGS THAT ARE IMPORTANT TO YOU TO SEE INCLUDED IN THE BUDGET, THERE'S NOT A HUGE AMOUNT OF WIGGLE ROOM AT THIS PARTICULAR JUNCTURE, BUT WOULD BE HAPPY TO LOOK AT THOSE BECAUSE WE'VE PUT IN ESSENTIALLY THE LIST IS PRETTY, PRETTY, PRETTY SHORT.

IT'S YOU KNOW, IT'S WHAT WE HAVE ON OUR PRIORITY ONE FUNDING ITEMS, 2.5 MILLION THAT ANGELICA TALKED ABOUT.

THOSE ARE ALL LOTS OF LITTLE PIECES AND PARTS FOR THE MOST PART.

AND THEN IT'S THE FIVE NEW FIREFIGHTERS, THE SIX NEW POLICE OFFICERS.

IT'S MAKING SURE WE TRANSFER TO ROAD MAINTENANCE A SIGNIFICANT AMOUNT SO WE CAN MEET OUR ROAD MAINTENANCE FUNDING POLICY GOALS THAT YOU ALL APPROVED LAST YEAR.

YOU WANTED US TO TRY TO GET $4 MILLION IN THERE STARTING THIS FISCAL YEAR.

SO WE HAVE A PLAN TO DO THAT WITH THAT INCREASED INVESTMENT.

BUT BEYOND THAT, IT'S A HANDFUL.

THERE'S TWO POSITIONS IN PARKS, FACILITIES WE'RE DEALING WITH, YOU KNOW, THE ELEVATORS AND A FEW OTHER THINGS THAT ARE MORE LIKE, YOU KNOW, WE REALLY JUST NEED TO DO THEM AN IT PROJECT MANAGER BECAUSE WE HAVE SO MANY IMPROVEMENTS IN OUR IT INFRASTRUCTURE, WE HAVE TO HAVE THAT STAFFING.

SO I JUST WANT TO MAKE THAT PICTURE CLEAR TO YOU.

I THINK WE'RE DOING THE VERY BEST WE CAN WITH WHAT WE HAVE IN A CAP ENVIRONMENT WORLD.

IT'S NOT MY.

MY BEST FOR YOU. MY BEST FOR YOU AND FOR OUR RESIDENTS IS TO BE ABLE TO REALLY CONTINUE TO HIT HARD.

OUR CAPITAL NEEDS TO CONTINUE TO HIT HARD OUR POSITION GROWTH TO MEET THE NEEDS OF A GROWING CITY.

BUT I RESPECT WHERE WE'RE AT AND UNDERSTAND THE CAP ENVIRONMENT.

SO I JUST WANTED TO PUT THAT OUT THERE AS AS INFORMATIONAL THAT I WILL HAVE TO COME BACK TO YOU FOR UNDESIGNATED FUND BALANCE.

AND YOU KNOW, I'M GLAD YOU BRING THAT UP BECAUSE AND I LIKE WHAT COUNCILMAN OR DEPUTY MAYOR FELIX SAID HE WAS TALKING ABOUT.

YOU KNOW, WE IN THE PAST WE'VE BEEN CAPPED, BUT I DON'T THINK THIS COUNCIL.

[02:35:07]

WE'VE ALWAYS BEEN WITH THE SEVEN.

SO JUST WANTED TO HIGHLIGHT THAT.

ALSO, I WANTED I KNOW THAT WE'RE TALKING ABOUT LIGHTS AND AND THE ONGOING FPL BILL, IF YOU WILL.

THESE ARE THINGS THAT WE CONTINUALLY HAVE TO PAY.

I THINK SOMETHING THAT WE WE SHOULD BE LOOKING AT AS WELL IS TO CONTINUE ON THAT COMMERCIAL INCENTIVES THAT WE STARTED WHEN WE CAME ON THE DAIS.

I REALLY FEEL THAT THAT IS AN ENTICING, COMPETITIVE MARKET, AS MOST OF YOU KNOW.

BUT ASIDE FROM THAT, THE VSO AND THAT I THINK RIGHT NOW I'M NOT IN A POSITION TO, YOU KNOW, CONSIDER ANYTHING ELSE, ALTHOUGH I DID HAVE A THOUGHT.

BUT. I'LL JUST STAND FAST WITH THAT AND WE'LL WE'LL MOVE FORWARD.

I MAY BRING IT UP IN IN THE NEAR FUTURE, BUT CERTAINLY NOT PART OF THIS DISCUSSION RIGHT NOW.

IS THERE ANYTHING ELSE YOU NEED FROM US, MA'AM? OH, JUST SO IN THAT CASE, I APPRECIATE THE CLARIFICATION.

DEFINITELY SCRAPPED THE TRYING TO GET THE DATA IN REGARDS TO UNDESIGNATED FUND BALANCE.

IF YOU CAN JUST GIVE US DATA OF WHAT IT WOULD LOOK LIKE IF WE WERE TO STAY AT THE SAME MILLAGE RATE IN REGARDS TO ADDITIONAL POSITIONS FOR PUBLIC SAFETY.

BECAUSE THE REASON BEING FROM WHAT I'M HEARING.

WHETHER IS THIS YEAR, THREE YEARS FROM NOW, A YEAR FROM NOW, IT'S GOING TO HAVE TO COME OUT OF GENERAL FUND.

IT CAN'T COME OUT. SO WHEN DO WE WHEN DO WE SAY, YES, SIR? SO SO IF YOU CAN JUST GIVE US SOME CONTEXT ON THAT, THAT WOULD BE GREATLY APPRECIATED.

ANGELICA WANTS TO SAY.

IF YOU GO AHEAD, MA'AM.

SO I JUST WANT TO CONFIRM I DO HAVE AUGUST 1ST AS A SECONDARY BUDGET WORKSHOP ON THE CALENDAR.

SO I WOULD JUST NEED TO KNOW IF YOU ARE HAPPY WITH WHAT WE'VE PRESENTED AND IF WE WANTED TO HOLD THAT OR GO AHEAD AND CANCEL THAT AND MOVE AHEAD AS IS THE BUDGET.

THE PROPOSED BUDGET THAT WE PRESENTED IS BUILT ON THE 3%, REGARDLESS OF WHATEVER RATE WE MOVE INTO OF PROPOSING.

SO THE BUDGET IS BUILT ON THAT.

SO YOU'RE ASKING US IF WE NEED TO MEET AUGUST 1ST? I ALWAYS HAVE IT ON THE CALENDAR.

IT'S ALREADY ACTUALLY COORDINATED.

IT SHOULD ALREADY BE HELD ON YOUR CALENDAR.

I JUST NEED TO KNOW SO THAT WAY I'M TRACKING YOU.

COUNCILMAN FOSTER.

WHAT'S YOUR TAKE ON THAT, SIR? I MEAN, AUGUST 1ST.

IN OTHER WORDS, WE'RE ALREADY SET.

SHE'S GOT ENOUGH INFORMATION WE MAY NOT NEED TO TO MEET ON AUGUST 1ST.

SO ARE YOU GOOD WITH THAT? YEAH, I'M GOOD WITH THAT.

OKAY. DEPUTY MAYOR.

I'M GOOD WITH.

WHATEVER DIRECTION WE DECIDE TO GO, THE MAJORITY DECIDE TO GO.

OKAY. WE DON'T NEED TO MEET AUGUST 1ST.

OR WHAT ARE YOUR THOUGHTS? SO MY QUESTION, WERE YOU ASKING THAT? BECAUSE I WAS ASKING WHAT WOULD WHAT WOULD IT LOOK LIKE IF WE WERE TO STAY AT THE SAME MILLAGE RATE? NO. SO IT'S JUST BEFORE WE CONCLUDE TONIGHT THAT THAT'S REALLY MY BIGGEST TAKEAWAY, JUST SO THAT I KNOW.

BECAUSE FOR ME, IF IF THERE WAS ANYTHING ELSE THAT I NEEDED TO REVISE, THE BUDGET WORKSHOP WOULD ESSENTIALLY BE SORT OF THE SAME SETTING.

SO IN PREVIOUS YEARS, REGARDLESS OF IF HAD WE'VE ADOPTED OR WE'VE MAINTAINED THE RATE, USUALLY BY THE JULY WORKSHOP, WE HAVE NOT OPTED TO DO THE SECOND. SO IT'S PROBABLY SOMETHING YOU'RE NOT NECESSARILY ACCUSTOMED TO.

WE'VE JUST OPTED NOT TO DO THAT.

BUT I ALWAYS HAVE IT ON YOUR SCHEDULE AND HOLD JUST IN CASE.

I JUST WANT TO CONFIRM THAT WE CAN MOVE AHEAD BECAUSE FOR US IT'S NOW WE'RE GOING TO GO AHEAD AND PROPOSE, WE'RE GOING TO PUBLISH THE PROPOSED AND THEN IN AUGUST, WE'RE ESSENTIALLY ON OUR OFFICE.

WE'RE ALREADY PREPARING FOR YOUR ADOPTION IN SEPTEMBER.

SO THEN I'M GOOD MAYOR AS LONG AS WE GET THE DATA AND THE PUBLIC AS WELL.

YEAH, I'D LIKE TO THANK YOU.

I'M GLAD YOU MENTIONED THAT, SIR.

I'D LIKE TO GET THE FEEDBACK OF OUR ADVISORY COMMITTEE BECAUSE THEY MEET TOMORROW.

IS THAT CORRECT? YEAH, THEY MEET TOMORROW.

AND AGAIN, IT IS UP.

WE GRANT THEM THAT THAT THEY ARE ABLE TO ATTEND ANY OF YOUR REGULAR SCHEDULED COUNCIL MEETING.

AND I BELIEVE THEY DO HAVE RECOMMENDATIONS THAT ARE DONE THAT DURING THOSE THOSE PUBLIC HEARINGS.

AND WE CAN DEFINITELY WORK ON SOMETHING WE'LL WORK WITH THE FINANCE DIRECTOR TO TO DO THAT.

SO USUALLY WITH A BUDGET WORKSHOP SETTING WE DO IN AUGUST.

IT'S REALLY SIMILAR TO THIS.

I WOULD PRESENT THE SAME TYPE OF DATA IF THERE WAS ANY KIND OF CHANGES IN RATES WHERE YOU'RE TALKING ABOUT YOU HAVE ADDITIONAL REVENUE THAT YOU'RE NOW ALLOCATING BECAUSE WE WANT TO MAKE SURE THAT WE'RE MOVING INTO THE PROPOSED AND THEN THE ADOPTION WITH THE FULL DISCLOSURE.

SO IF THERE'S CHANGES, WE DO WANT TO MAKE SURE WE DISCLOSE THOSE.

BUT IF THERE AREN'T, THEN YEAH, I'D LIKE TO GET IF IT'S OKAY.

IF IT'S OKAY, I'D LIKE TO GET THEIR DIALOG AFTER THE MEETING.

[02:40:04]

ARE YOU LOOKING FOR US TO SHARE THAT THE MEETING IS THIS WEEK, OR ARE YOU LOOKING FOR US TO SHARE THAT NEXT WEEK AT THE COUNCIL MEETING? IF I COULD GET IT BEFORE THE COUNCIL MEETING, LIKE, YOU KNOW, JUST I DON'T NEED A DETAILED VERBATIM OF THE MEETING WITHOUT KIND OF LIKE A GENERAL SENSE OF WHAT WAS SAID, WHAT WAS DISCUSSED, THAT.

YES, MA'AM. YEAH.

AND THOSE ARE ALSO, I THINK, TELEVISED.

SO WE DO TAPE THEM JUST LIKE THESE.

SO AND THEY ARE RECORDED.

SO I ALWAYS ENCOURAGE EVERYBODY TO, YOU KNOW, AND I APPRECIATE THAT.

THE ISSUE IS SOMETIMES IT'S MY SCHEDULE.

ABSOLUTELY. AND SOMETIMES I THINK ALSO THE WITH THE WITH THE VOICE OR WITH THE RECORDING, SOMETIMES WE'VE HAD SOME ISSUES, TOO.

BUT YEAH, IT'S IT'S DEFINITELY.

BUT WHETHER IT WARRANTS ANOTHER WORKSHOP, YOU KNOW IT JUST THE GENERAL YOU KNOW SOME OF THE COMMENTS OR IDEAS.

SURE. OKAY. THAT'S NOTHING.

MADAM ATTORNEY, IS THERE ANYTHING THAT.

YOU'D LIKE TO SHARE WITH US AS WORDS OF WISDOM? ARE WE GOING DOWN THE RIGHT PATH HERE OR JUST.

I'D LIKE TO GET YOUR COMMENTS.

SIR, WE'RE STAYING WITHIN THE CAP.

SO YOU'RE NOT DOING ANYTHING THAT REQUIRES ANY ADDITIONAL JUSTIFICATION.

SO WE'RE GOOD AS FAR AS LEGALLY? OKAY. THANK YOU, MA'AM. WE'RE ON SCHEDULE, AND FINANCE DOES A GOOD JOB OF KEEPING US ON SCHEDULE.

OKAY, SO HEARING THAT THIS MEETING IS ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.