Okaloosa County BOCC — September 6, 2016 — Budget Tentative Budget Overview

Legal Requirements 1. Amend and adopt any changes to the proposed 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 3.3283 3.4308 3.08% MSTU – Parks 0.2907 0.2990 2.86% Aggregate 3.4688 3.5715 2.96% Ø Adhere to state mandated rolled-back and percentage reduction (1) The millage rate can be increased at the tentative hearing if all taxpayers are notified by mail prior to the final hearing. (2) The millage rate set by the final hearing shall in no event be higher than that set at the tentative hearing. 1  Tentative Budget Summary FY 2016 – 2017 Public Safety Essential Services Quality of Life Corrections Airports Museums Inspections Constitutional Offices Libraries Emergency Med. Svs.(EMS) Extension Services Parks Emergency Mgmt Facilities Tourist Development Sheriff Veterans Services Maintenance Growth Management Information Technology Court Services Health Dept. Public Transportation Public Works Water & Sewer 2  Budget Overview • Increased Revenue from ad valorem, state revenue sharing and sales tax created an anticipated increase of $4,339,300 in revenue. • The impact of increases from budget drivers, unanticipated expenses and unfunded state mandates on the General Fund total $4,251,000. • 18 additional full and part-time positions 3 Okaloosa County Proposed Budget 2015-16 2016-17 Millage 3.4308 3.4308 Ad Valorem Total $49,534,703 $51,928,421 Total Budget $331,339,247 $368,802,073 (all funds) 4 General Fund Budget Drivers, Unanticipated Expenses, and Unfunded State Mandates • Law Enforcement: $2,700,000 • $1,000 Compensation Increase $431,000 • P.J. Adams TIF (NEW) $355,000 • Inmate Health Care: $268,000 • Supervisor of Elections Equipment $208,000 • Medicaid: $158,000 • Medical Examiner: $106,000 • Dental Insurance: $ 25,000 5  Capital Projects Crestview Courthouse Replacement $12,800,000* New Capital Projects $480,000 *New financing secured in FY2016 for the Courthouse project. The total project is estimated at $26million. The County’s AA bond rating was reaffirmed by Standard & Poor’s. 6 Major Enterprise & Special Revenue Funds FY2017 Percent Fund Increase Tentative Increase Airport Enterprise 34,811,706 5,346,235 18.3% Solid Waste Enterprise 9,120,000 144,000 1.6% Tourist Development Fund 54,774,450 9,314,636 20.5% Water & Sewer Enterprise 72,463,541 7,186,339