Fort Walton Beach Council agenda — 06-18-13--special--tentative millage — reading text

0000 2. 0000 0000 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 Tax Y= FY 2013 -14 Budget Development Developing a Sustainable Budget addresses: Maintaining current service levels The lack of available " minor cuts' The " bottoming out" of property values A decrease in other revenue sources The inability to develop a " baseline" budget FY 2013 -14 Sustainable Budget Preliminary FY 2013 -14 Sustainable Budget includes: Employee Wage Adjustment based on CPI since FY 2008 -09 Implementation of Renewal & Replacement Schedules Comprehensive Assessment of Medical Insurance & Pension Plans Recreation Complex Debt Payment Relocation of Golf Club operations into the General Fund  FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 YTD Proposed Annualized Expenses as Enterprise Fund scon Expenses as part ofCe eral Fund Revenues excluding transfers from Genaal Fund Golf operations should achieve self-sustainability if moved to the General Ford. Proposed Millage Rate The City' s Millage Rate only comprised 30% of a property owner' s 2012 overall tax bill t School Board = 49% Okaloosa County= 21% A minimum of a 1. 1000 mill increase is required to develop a sustainable budget for FY 2013 -14 However, a clearer picture of revenues and expenses will not occur until the end of July Staff is requesting a Millage Cap of 6. 0000 mills for FY 2013 -14 budget development  Property Tax Bill Allocation 2012 Property Tn Allocation for a City Property Owner Based on = ble pmpertpwlue ° f S] 0.ON) of Millaee Taxes Total School District 7. 4760 373. 80 48. 7% Fort Walton Beach 4. 5383 22692 29. 691 3. 2899 164. 50 21. 4% Okaloosa County Water Mgmt 0. 0400 2. 00 0. 3% 15. 3442 $ 767. 22 100. 00% The City of Fort Walton Beach comprised only 29.6% of a citizen' s 2012 tax bill. Millage Rate Effect - Residential Each 0. 1000 mill generates $ 90, 000 in revenue 8 Residential Property Facts: Over 80% of the City' s residential properties have a Taxable Value of $ 100, 000 or less, with the majority in the range of $20, 000 to $40, 000 A 1. 0000 mill increase results in the following: Taxable Value = $ 40,000: Increase of $40. 00 /year, or $3. 33 / month Taxable Value of $ 100,000: Increase of $100. 00 /year, or 8. 33 / month A 1. 5000 mill increase results in the following: Taxable Value = $ 40, 000: Increase of $60. 00 /year, or $5. 00 /month Taxable Value of $ 100, 000: Increase of $ 150. 00 /year, or 12. 50 /month  City Taxable Values - Residential Tamble Values of Residentiall' arceb 1. 000 mill Increase 5% = $ 0. 00 / mo 3 %= $ 0. 08- $ 1. 67/ mo 26% = $ 1. 67 - $ 3. 33 / mo 19% = $ 3. 33 - $ 5. 00 / mo 15% = $ 5. 00 - $ 6. 67 / mo 12% = $ 6. 67 - $ 8. 33 / mo 20% = > $ 8. 33 / mo 1. 500 mill Increase 5% = $ 0. 00 / mo 3 %= $ 0. 13- $ 2. 50 / mo 26% = $ 2. 50 - $ 5. 00 / mo 19 %= $ 5. 00 - $ 7. 50 / mo 80% of residential parcels have taxable values < S100K 15% = $ 7. 50 - $ 10. 00 / mo 12 %= $ 10. 00 - $ 12. 50 / mo 20% = > $ 12. 50 / mo Millage Rate Effect - Commercial Each 0. 1000 mill generates $ 90, 000 in revenue Commercial Property Facts: 78% of the City' s commercial properties have a Taxable Value of $400, 000 or less, with the majority less than 100, 000 A 1. 0000 mill increase results in the following: Taxable Value of $100, 000: Increase of $100. 00 /year, or $8. 33 / month Taxable Value = $ 400, 000: Increase of $400. 00 /year, or 33. 33 /month A 1. 5000 mill increase results in the following: Taxable Value of $ 100, 000: Increase of $150. 00 /year, or 12. 50 / month Taxable Value = $ 400, 000: Increase of $600. 00 /year, or 50. 00 / month City Taxable Values - Commercial 1. 000 mill Increase Taxable Values of Commercial Parcels 34% = < $ 8. 33 / mo 22% = $ 8. 33 - $ 16. 67 / mo 12% = $ 16. 67 - $ 25. 00 / mo 9% = $ 25. 00 - $ 33. 33 / mo 23 %= > $ 33. 33 / mo 1. 500 mill Increase 34% = < $ 12. 50 / mo 22% = $ 12. 50 - $ 25. 00 / mo 12 %= $ 25. 00 - $ 37. 50 / mo 9% = $ 37. 50 - $ 50. 00 / mo 78 of commercial parcels have taxable values < S400K 23% = > $ 50. 00 / mo  Impact of a Millage Rate Increase What You Pay for City Services... ds FY 2013 FY 2014 300. 00 Ad Valorem increase per $ 50K taxable Nzlue: Ad Valorem Taxes 226. 92 per year 73. 09 Water /SewerFees01 318. 00 333. 90 per month 6. 09 CrarbageFee 19020 190. 20 per week 1. 41 Stormwater Fee 36 -00 36. 00 per day 0. 20 Ominimumm ffilvfre 771. 12 860. 10 80% of residents and 34% of businesses would spend $ 12. 18 or less per month in additional taxes with the millage cap of 6. 0000 74% OF ALL TAXPAYERS NVILL PAY LESS THAN $- 50. 00/ 1bIONTH IN TOTAL CITY PROPERTY TAXES That' s far less than two common monthly bills.... Basic Cable TV & Internet Cell Phone 109. 28 $ 99. 99®  City Services Services provided by the City of Fort Walton Beach: Police Fire Reci eadon Community Administration Uniform Patrol Advanced Life Support Adult/ Youth Athletics BId¢ Inspections Accounting Investigations Fire Suppression Res; Centers & Programs Code Enforcement Purchasing Crime Prevention Fire Inspection Parks/ ROW Maintenance Garbage Collection* Human Resources Dispatch Street Repairs Information Tech Library Records Museums Stormwater Mgmt` Facilities Maint Golf Drinking Water* Fleet Maint Cemetery* Sewer Collection" service not supported by ad valorem revenues Fort Walton Beach is the only " full service" city in the area, so comparing our millage rate with other local cities is not a proper comparison. City Council Action Motion 1 Move Golf Club operations into the General Fund Motion 2 Set the proposed millage rate to be used for developing the FY 2013 -14 budget and published on the " Notice of Proposed Taxes" at 6. 0000 mill Motion 3 Set the dates and times of the public hearings for the millage and budget  CITY OF FORT WALTON BEACH NOTICE OF SPECIAL COUNCIL MEETING The City Council of the City of Fort Walton Beach, Florida will hold a Special Meeting in the Fort Walton Beach Council Chambers, located at 107 Miracle Strip Parkway, SW, on Tuesday, June 18, 2013, at 5: 30 pm. The purpose of the Special Meeting is discussion of budget policy for the FY 2013 -2014 budget and any other business to come before Council. Any person who decides to appeal any decision made with respect to any ma ` t; W considered at this meeting will need a record of the proceedings, and for such purpo , o' wRr may need to ensure that a verbatim record of the proceedings is made, which rec H includes the testimony and evidence upon which the appeal is to be based ( F. S. 286.010- COUSICILMEIFTNG no cry cowm;l of to The City of Fort Walton Beach adheres to the Americans with Disabilities Act and wCBea City off lion Fon willWalhaston make reasonable modifications for access to this meeting upon request. Please call ° spend lIod A B B nM. rwd eexn City Clerk, Helen Spencer, at 850 -833 -9509 to make a request. Hearing Impaired c ed acn'07 °miracle the City Hall TDD # 833 -9925 or 1- 800 -955 -8771 TDD or ( 1 - 800- 955 -8770 Voil me9E8y, so-ip Phwwey,Lunesw, 1o,n Requests must be received at least 48 hours in advance of the meeting in order to all 013, 05MM, Th. anthem 01 me the CityY ime t o P rovide re q uested service. spiv; M.", p a are. auaelon of Wel" pan ley ea me 20152014 cudeM and any Met huNneas to ame belu °cmmail. HELEN A. SPENCER CITY CLERK My person who he- cVes W appeel any do-