Okaloosa County BOCC — August 28, 2013 — Budget Final Hearing GS — reading text

Legal Requirements 1. Amend and adopt any changes to the tentative budget 2. Re-compute any changes to the proposed millage rate 3. Publicly announce the percent, if any, by which the re-computed millage exceeds the rolled-back rate (RBR) Ø Percentage increase in millage over rolled-back rate Taxing Authority RBR Proposed (1) __%__ County 3.2583 3.4308 5.29% MSTU – Parks 0.1782 0.1800 1.01% Aggregate 3.3453 3.5165 5.12% Ø Adhere to state mandated rolled-back and percentage reduction (1) The millage rate set by the final hearing shall in no event be higher than that set at the tentative hearing. 1  Millage County-Wide Gross Certified Taxable Value $13,823,628,804 Unincorporated MSTU Gross Certified Taxable Value $6,579,092,049 Current Millage Rate $3.2899 per $1000 Proposed Millage Rate $3.4308 per $1000 Rolled-Back Rate (County-Wide) $3.2583 per $1000 Rolled-Back Rate (Aggregate) $3.3453 per $1000 Prior Year Maximum Millage Limitation $5.3552 per $1000 Adopted Tentative Rate $3.4308 per $1000 Certified to Appraiser for Notices of Proposed Property Taxes $3.4308 per $1000 Approved Millage Rate per $1000 Millage Required to Fund Proposed Budgets County-Wide FUND MILLAGE TAXES @ 96% General 3.3001 per $1000 43,794,626 County Public Health Unit 0.0478 634,435 Emergency Medical Services Enterprise 0.0829 1,100,000 Total County-Wide Millage $3.4308 per $1000 Total County-Wide Taxes $45,529,061 Non County-Wide Unincorporated Municipal Service and Taxing Unit (MSTU) $0.1800 per $1000 $1,125,025 Aggregate Millage Rate $3.5156 per $1000 Total County & Non County-Wide Taxes $46,654,086 Prior Year Millage Rates Fund MILLAGE TAXES @ 95% General 3.1393 per $1000 $40,423,660 County Public Health Unit 0.0516 $664,599 Emergency Medical Services Enterprise 0.0990 $1,275,000  Summary of Balances Revenues and Expenditures Approved Approved Approved $ % Fund Title 2012 2013 2014 Inc/(Dec) Inc/(Dec) 001 General Fund $76,122,497 $73,822,667 $77,119,937 $3,297,270 4.5% 101 County Transportation Trust Fund $10,902,631 $9,035,127 $9,617,825 $582,698 6.4% 104 Tourist Development Fund $16,980,000 $17,945,473 $21,290,000 $3,344,527 18.6% 105 Natural Disaster Fund $0 $1,000,000 $100,000 ($900,000) -90.0% 106 S.H.I.P. Fund $400,000 $400,000 $303,407 ($96,593) -24.1% 108 E-911 Operations Fund $2,058,200 $2,165,700 $2,289,600 $123,900 5.7% 109 Radio Communications Fund $140,000 $210,000 $131,000 ($79,000) -37.6% 110 Law Enforcement Trust Fund $25,000 $25,000 $25,000 $0 0.0% 111 Police Academy Fund $170,000 $155,750 $85,500 ($70,250) -45.1% 112 County Public Health Fund $808,957 $676,599 $648,435 ($28,164) -4.2% 113 M.S.B.U. Fund $922,246 $893,596 $858,981 ($34,615) -3.9% 115 Unincorporated County Parks Fund $5,536,215 $5,693,425 $6,166,325 $472,900 8.3% 119 Prisoner Benefit Fund $649,200 $738,500 $1,040,500 $302,000 40.9% 120 Additional Court Cost Fund $2,402,426 $2,094,966 $2,111,477 $16,511 0.8% 121 Drug Abuse Trust Fund $97,150 $75,000 $55,500 ($19,500) -26.0% 122 Domestic Violence Trust Fund $275,255 $278,755 $257,505 ($21,250) -7.6% 123 Traffic Education Fund $0 $66,000 $90,500 $24,500 37.1% 201 Okaloosa Debt Service Fund $6,702,379 $5,462,648 $6,557,859 $1,095,211 20.0% 301 Capital Outlay Construction Trust Fund $9,643,201 $4,999,685 $4,978,660 ($21,025) -0.4% 302 Road/Bridge Construction Fund $11,245,238 $10,755,000 $14,042,500 $3,287,500 30.6% 411 Water & Sewer Enterprise Fund $43,332,844 $46,915,648 $53,878,048 $6,962,400 14.8% 421 Airport Enterprise Fund $28,421,442 $27,392,642 $24,597,001 ($2,795,641) -10.2% 430 Solid Waste Enterprise Fund $6,961,000 $7,825,500 $9,576,500 $1,751,000 22.4% 441 Inspection Enterprise Fund $1,428,345 $1,359,284 $1,460,815 $101,531 7.5% 450 Emergency Medical Service Enterprise Fund $7,045,330 $7,080,364 $7,729,609 $649,245 9.2% 460 Convention Center Enterprise Fund $9,635,450 $9,521,625 $12,677,750 $3,156,125 33.1% 501 Self Insurance Fund $14,620,570 $14,927,768 $16,078,695 $1,150,927 7.7% 502 Garage Services Fund $5,099,355 $5,725,241 $6,128,735 $403,494 7.0% TOTAL $261,624,931 $257,241,963 $279,897,664 $22,655,701 8.8%  Revenues by Source Fiscal Year Comparison 90.9 Cash Carryforward 84.5 46.8 Ad Valorem Taxes 43.6 20.8 Sales and Use Taxes 17.4 2.1 Licenses and Permits 2.0 22.1 Intergovernmental Revenue 21.5 59.3 Charges for Services 57.3 0.2 Fines and Forfeitures 0.2 8.1 Miscellaneous Revenue 6.1 8.2 Other Financing Sources 5.7 21.5 Internal Services 18.9 $0 $20 $40 $60 $80 $100 $120 $140 Millions FY14 FY13 FY13 FY14 % (+/-) Cash Carryforward $84,540,474 $90,894,791 7.5% Ad Valorem Taxes $43,649,684 $46,838,086 7.3% Sales and Use Taxes $17,350,000 $20,776,145 19.7% Licenses and Permits $2,016,382 $2,076,071 3.0% Intergovernmental Revenue $21,453,771 $22,067,824 2.9% Charges for Services $57,279,094 $59,278,603 3.5% Fines and Forfeitures $217,500 $210,000 -3.4% Miscellaneous Revenue $6,088,861 $8,142,834 33.7% Other Financing Sources $5,743,188 $8,155,880 42.0% Internal Services $18,903,009 $21,457,430 13.5% Total $257,241,963 $279,897,664 8.8%  Expenditures by Function Fiscal Year Comparison General Government 17.8 17.9 Public Safety 29.0 26.4 Physical Environment 48.6