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Okaloosa County BOCC — November 16, 2013 — Local Opton Gas Tax Presentation 090313 — reading text
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GAS TAX HISTORY
• Florida Statute 336.025 – Authorizes gas taxes
• Ordinance 87-13 Levied 5 cent of the Local Option Gas Tax
§ Adopted 4/14/87
§ Effective 9/1/87 – 8/31/17
§ Allocated 40% to toll bridge trust fund
• Resolution 87-60
§ Adopted 6/1/87
§ Imposed the distribution of the 5 cent with the municipalities
• Resolution 01-198
§ Adopted 10/9/01
§ Discontinued 40% to Mid Bay Bridge Authority
§ Placed 40% to Road & Bridge Const Fund
GAS TAX HISTORY cont.
• Ordinance 03-14 Levied the additional 1 cent of the LOGT
§ Adopted 5/20/03
• Ordinance 03-15 Levied 9 cent of the Local Option Gas Tax
§ Adopted 5/20/03
• Interlocal Agreement
§ Adopted 5/30/03
§ Authorized the distribution of the 6 cents LOGT
• Resolution 10-45
§ Adopted 1/19/10
§ Memorialized the utilization of gas tax funds with a single resolution
• Resolution 13-82
§ Adopted 6/4/13
§ Did not continue existing split with municipalities
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$500,000
$-
$13,639.40
Cinco Bayou
$18,191.57
$278,222.03
Crestview
$370,969.36
$282,042.47
Destin
$376,059.01
$349,132.82
Fort Walton Beach
5 cent - Year one
$465,510.42
$16,366.00
Laurel Hill
$21,827.04
$70,920.41
Mary Esther
$94,564.82
$155,457.77
Niceville
$207,283.20
5 cent - Year two
$21,822.40
Shalimar
$29,102.72
FUNDING BASED ON 5 CENT LOGT LEVY
$95,469.41
Valparaiso
$127,298.25
$2,281,075.20
Okaloosa
$3,041,433.60
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$2,000,000
$200,000
$400,000
$600,000
$800,000
$-
$8,186.21
Cinco Bayou
$10,914.94
$166,936.21
Crestview
$222,581.62
$169,226.55
Destin
$225,635.40
$209,479.69
Fort Walton Beach
$279,306.25
3 cent - Year one
$9,822.17
Laurel Hill
$13,096.22
$42,554.17
Mary Esther
$56,738.89
$93,277.44
Niceville
$124,369.92
3 cent - Year two $13,096.22
Shalimar
$17,461.63
FUNDING BASED ON 3 CENT LOGT LEVY
$57,284.21
Valparaiso
$76,378.95
$1,368,645.12
Okaloosa
$1,824,860.16
CTTF FUND REVENUE VERSES EXPENSES
$14,000,000
$12,000,000
$10,000,000 $9,695,780.24
$8,387,152.83
$8,000,000
$6,000,000 Total
Revenue
$4,000,000 Collected
Expenses
$2,000,000
$0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
FY14 STORMWATER BUDGET
Personnel Services $500,653
Operating Expenses $335,168
($205,000 for materials)
Total Personnel/O&M (no capital projects) $835,821
Capital Outlay ($12,000 Lake Doctor/$45,000 for Addendum) $57,000
Total Funding Required $892,821
Projected Cash Carryforward -$100,000
New Revenue Needed $792,821
Previously Designated from General Revenue -$400,000
Stormwater Revenue Shortfall $392,821
Proposed Contribution from MSTU Split $450,000
Proposed Additional Revenue from MSTU Split $57,179
Proposed Revenue from 2nd local option (3 cent levy) $350,000
$407,179
ADDITIONAL REVENUE FOR CAPITAL PROJECTS &
OPERATIONAL EXPENSES
First Year
LOGT 5 Cent Levy $ 2,281,075.20
LOGT 3 Cent Levy $ 1,368,645.12
Second Year
LOGT 5 Cent Levy $ 3,041,433.60
LOGT 3 Cent Levy $ 1,824,860.16
$2,154,620
FLEET REPAIR/MAINT COSTS
$1,875,898
$2,500,000
$1,592,413
$1,455,758
$1,416,873
$2,000,000
$1,192,113
$1,110,676
$980,419
$1,500,000
$1,000,000
$500,000
$0
2007 2008 2009 2010 2011 2012 Projected Projected
2013 2014
AGE OF FLEET
12
10
8
AGE IN YEARS
6
4 VEHICLES
2 EQUIPMENT
0
2007 2008 2009 2010 2011 2012 Projected Projected
2013 2014