HomeMy WebLinkAbout2022 07 07 Discussion Item 1 - FY 2023 Budget Overview and Discussion • DISCUSSION ITEMS ITEM 1
d CITY COMMISSION AGENDA I JULY 7, 2022 WORKSHOP
1959
TITLE
FY 2023 Budget Overview and Discussion
SUMMARY
The Proposed Fiscal Year 2023 Budget for all City funds combined is
approximately $58.7M (excluding appropriations to fund balance), and
represents a $4.2M or 7.7%, increase over the prior fiscal year's budget. Total
proposed General Fund spending of$20.1 M represents a $1 .4M increase or
7.3% over the prior fiscal year. After careful review of expenditures necessary
to maintain high quality government service and well-maintained public
infrastructure, the FY 2023 budget was balanced with proposed operating
millage rate of 2.4100 per $1,000 of value. The proposed millage rate remains
unchanged from the prior fiscal year.
RECOMMENDATION
Staff requests the Commission engage in a discussion of the FY 2023 budget
attached herein.
1
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Incorporated
1959
CITY OF WINTER SPRINGS
PROPOSED BUDGET
AA
FISCAL YEAR
2023
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TABLE OF CONTENTS
Page Number
Print Version
1.Budget Message
City Manager's Executive Summary i-xiii
Source&Application of Funds-Organization-Wide by Fund Type 1
Source&Application of Funds-Organization-Wide by Category 2
Source&Application of Funds-Organization-Wide by Classification 3
Source&Application of Funds-Organization-Wide by Function 4
Fund Balance/Fund Equity 5
Major Revenues 7
Personnel 13
Debt Service 15
Total Capital Outlay 18
2.Financial and Organizational Structure
Current Leadership 21
Organizational Chart 22
Financial/Fund Structure 23
Budget Process and Calendar 27
Budget,Financial,and Management Guidelines 29
3.Budget Data
GENERALFUND
General Fund Fiscal Policy Tests 31
General Fund Sources by Classification 32
General Fund Applications by Function 33
General Fund Sources-Non-Departmental 34
General Fund Sources-Departmental 35
General Fund Applications by Department 36
Department/Division:
Executive-Applications/Personnel 38
1100 Commission 40
1200 City Manager 41
1210 City Clerk 42
General Government -Applications 43
1400 Legal Services 45
1900 General 46
Finance-Applications/Personnel 47
1300 General 49
1310 Human Resources 50
1360 Utility Billing&Customer Service 51
1920 Risk Management 52
Information and General Services-Applications/Personnel 53
1315 Human Resources 55
1600 Information Services-General 56
1910 Information Services-City Hall 57
1925 Risk Management 58
1935 Facilities Maintenance 59
7415 Marketing and Community Events 60
Public Works-Applications/Personnel 61
4100 Administration 63
4110 Roads and Rights of Way(ROW) Maintenance 64
1930 Facilities Maintenance 65
1940 Fleet Maintenance 66
Community Development-Applications/Personnel 67
1500 Administration 69
1510 Long-Range Planning 70
1520 Urban Beautification 71
1530 Streetlighting 72
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TABLE OF CONTENTS
Page Number
Print Version
Police-Applications/Personnel 73
2100 Office of the Chief 75
2110 Criminal Investigations 76
2120 Community Services 77
2130 Operations 78
2135 Special Operations 79
2140 Support Services 80
2150 Code Enforcement 81
Fire-Applications/Personnel 82
2200 Operations 84
Parks and Recreation-Applications/Personnel 85
7200 Administration 87
7210 Athletics 88
7220 Partnerships 89
7230 Parks&Grounds 90
7240 Program&Special Events 91
7250 Seniors 92
7400 Community Events 93
OTHER GOVERNMENTAL FUN '+
Sources Recap by Fund 94
Applications Recap by Fund 95
Source and Application of Funds-Multi-Year by Category 96
Special Revenue Funds
101 Police Education 97
102 Special Law Enforcement Trust-Local 98
103 Special Law Enforcement Trust-Federal 99
120 Transportation Improvement 100
121 Infrastructure Surtax Fund 101
130 Solid Waste/Recycling 104
140 Arbor 105
150 Transportation Impact Fee 106
151 Police Impact Fee 107
152 Fire Impact Fee 108
153 Park Impact Fee 109
180 American Rescue Plan 110
Tuscawilla
160 TLBD Maintenance 111
261 TLBD Debt Service 112
162 Tuscawilla Phase III Special Assessment 113
Oak Forest
161 Oak Forest Maintenance 116
Debt Service
202 1999/2011 Debt Service 117
240 Central Winds General Obligation Debt Service 118
Capital Project
301 1999 Construction 119
302 Revolving Rehabilitation 120
303 Perk Up Parks 121
305 Excellence in Customer Service Initiative 122
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TABLE OF CONTENTS
Page Number
Print Version
ENTERPRISE FUN
Enterprise Funds Overview by Classification 123
Enterprise Funds Recap 124
410-Water and Sewer Utility-Overview&Personnel 125
3600 Sources 127
3600 Applications 128
412-Water and Sewer Service Availability 130
411-Stormwater Utility-Overview&Personnel 131
3800 Applications-Operations 134
3810 Applications-Engineering 135
420-Development Services-Overview&Personnel 136
2400 Plans and Inspections Division 138
Appendix
Glossary 139
Please note:In order to enhance the readability of this document rows with zeros have been suppressed. Efforts have been taken to unhide all rows with
activity but dueto the volume of accounts and then umber of fiscal years represented in this document occasionally activity may exist in a hidden row.
Such a limitation is confined to presentation only and will not affect the fund balance or the related appropriation.
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7
BUDGET MESSAGE
s
EXECUTIVE SUMMARY
Respectfully submitted is the Proposed Fiscal Year 2023 Budget. The total Proposed Budget for all
City funds combined is approximately $S8.7M (excluding appropriations to fund balance), and
represents a $4.2M or 7.7%, increase over the prior fiscal year's budget. Total proposed General Fund
spending of$20.1M represents a $1.4M increase or 7.3%over the prior fiscal year. After careful review
of expenditures necessaryto maintain high quality government service and well-maintained public
infrastructure,the FY2023 budget was balanced with proposed operating millage rate of 2.4100 per
$1,000 of value.The proposed millage rate remains unchanged from the prior fiscal year.
Funding Outlook Preliminary ad valorem taxable values, as provided by the Seminole County
Property Appraiser (SCPA), are projected to increase 10.8% in Fiscal Year 2023. At the proposed
millage rate of 2.41 mills,the increase in taxable value is anticipated to result in $719,292 in increased
propertytax revenues in the City's General Fund as compared to the FY 2022 budget.Of this increase,
approximately 19% is attributable to new construction.An individual property owner's particular tax
bill depends upon several factors including their property's valuation and taxable value,
accumulated Save Our Homes savings, and the millage rate levied by the City as well as other
agencies (School Board, County, SJRWMD, etc.).
The City's proposed millage rate
represents approximately 15% or 15
cents of every dollar, of a Winter
Springs taxpayer's total property
tax bill. Exclusive of a projected ad jA
valorem revenue increase, overall
General Fund revenue sources for
Fiscal Year 2023 are budgeted to
increase as we rebound in this
post-COVID environment, resulting '
in an approximate 5.1% increase in
those revenues from the prior fiscal
yea r.
Budget Methodology
The City's Fiscal Year 2023 Proposed Budget continues to utilize our concerted, proactive budgeting
approach and related strategies that were implemented effective with our Fiscal Year 2010 Budget.
These measures, including personnel reorganizations (as warranted and appropriate) and
prioritizing project needs and zero-based budgeting, have positioned us to meet and overcome the
challenges and limitations we mayface without raising our millage rate or reducing the outstanding
levels of service provided to our citizens. This is a monumental task for Fiscal Year 2023 as we
continue to face additional challenges such as labor and supply shortages, refurbishing and
replacing wastewater infrastructure that is over 50 years old, and steadily increasing inflation costs.
Personnel and related expenditures represent approximately 63.1% of total General Fund
expenditures, therefore, it is important that these costs be closely examined and monitored on an
ongoing basis. Evaluation of market salaries and benefits are regularly conducted to ensure a high
level of retention and recruitment. We continue to examine, as demonstrated in this FY 2023
budget, our overall staffing structure for potential additional reorganizations and opportunities in
order to ensure we have the most efficient and effective use of our limited resources.
Executive Summary I Page i
9
Finally, preparation of our Fiscal Year 2023 Budget was facilitated with the continued utilization of a
zero-based budgeting paradigm. This technique,which reverses the working process of traditional
incremental budgeting, is aimed at ensuring that only a justifiable and defensible level of
expenditures is appropriated, thus facilitating our ability to continue to provide our citizens with a
millage rate that reflects only that which is justly required for the provision of City services.
A Look Back
The Fiscal Year 2023 budget is the 13th budget that I have had the privilege of developing in my
tenure at the City. During this tenure, we, as a team, have made significant strides in our effort to
stabilize and improve our fiscal posture, to the ultimate benefit of our taxpayers. A few notable
outcomes from this period are as follows:
■ Balanced the Budget for the past 13 years without raising the property tax rate (maintained
or lowered the rate each year)
■ Improved City's Debt Position via 100% reduction in total outstanding debt for the General
Fu nd.
■ Increased City's Credit Rating from AA toAA+.
■ Increased City's Pension (Letter) Grade from FtoA.
■ Pension plan is 110.9%funded (as of October 2021) for the first time in the history of the Plan
■ Enhanced and expanded Community Events via partnerships and sponsorships rather than
tax dollars,while focusing on inclusion opportunities for the entire community.
In concert with our fiscal advances, we commensurately maintained or improved service levels
during this same period as evidenced in part by:
■ Increased funding in several key service areas including the establishment of a multi-million
dollar Parks Improvement Program, doubling the funding to our annual road infrastructure
maintenance program,and providing multi-million dollar improvements to our Water/Sewer
Utility System.
■ Being consistently named one of the top 10 safest cities in Florida by several publications,
reaching as high as#3 in 2020 and #4 in 2021
■ Being named one of the 100 Best Places to Live by Money Magazine.
■ Being ranked 3rd in Smart Travel's 10 Best Places to Live in Florida
■ Being ranked 1411 in the Chamber of Commerce- Best Cities to Live in Florida-2019
Summary information related to the Fiscal Year 2023 Proposed Budget is provided beginning on
page iii.
Committed to...
Customer Service•Accountability• Human Capital
Executive Summary I Page ii
10
OVERALL BUDGET REVENUES
Based upon an operating millage assumption of 2.4100 mills, total revenues and transfers are
projected to increase by 32.3% in FY 2023. Inclusive of appropriations from fund balance, a total
increase of 22.7% is projected as follows:
FY 21/22 FY 22/23
Original Proposed
Budget Budget Change
General $18,736,477 $20,107,054 7.3%
Other Governmental $7,445,571 $18,083,368 142.9%
Enterprise $14,576,928 $15,721,214 7.8%
Sub-Total $40,758,976 $53,911,636 32.3%
Appropriations From Fund Balance $13,754,069 $12,951,012 (S.8%)
Total $54.513.045 $66.862.648 22.7%
OVERALL BUDGET EXPENDITURE
Total expenditures and transfers out are projected to increase by 7.7% in FY 2023. Inclusive of
appropriations to fund balance, a total increase of 22.7% is projected as follows:
FY 21/22 FY 22/23
Original Proposed
Budget Budget Change
General $18,736,477 $20,053,688 7.0%
Other Governmental $15,065,478 $15,224,745 1.1%
Enterprise $20,705,315 $23,439,633 13.2%
Sub-Total $54,507,270 $58,718,066 7.7%
Appropriations To Fund Balance $S,775 $8,144,582
Total $54.513.045 $66.862.648 22.7%
OVERALL CHANGE IN FINANCIAL POSITION
The year-end fund balance in the General Fund is projected to marginally increase. Year-end fund
balances of the Other Governmental Funds (collectively) will be increased due in large part to
anticipated APPA funding. The Enterprise Funds (collectively) are projected to have substantial
decreases mainly due to budgeted capital in excess of$8M.
FY 21/22 FY 22/23
Revised Proposed
Ending Fund Ending Fund
Bal/Equity Bal/Equity Change
General $9,042,979 $9,096,345 0.6%
Other Governmental $33,060,594 $35,919,217 8.6%
Enterprise $19.806.570 $12,088.151 (39.0%)
Total $61.910.143 $57.103.713 (7.8%)
Executive Summary Page iii
I
ORGANIZATION-WIDE SOURCES OF FUNDS
Source %of Tota/
Charges for Service 27.4% Interfund Transfers In Other
Approp from Fund 19.4% OtherTaxesl/ 2.4% Licenses&Permits
PP p f nchise F
Ad Valorem Tax 11% 7.1%e 3.5% 1.5%
Intergovernment 24.7%
g Charges for Service
Other Taxes 7,1% intergovernment 27 4%
24.7% -�
Interfund Transfers In 3.1%
Franchise Fee 3.5%
Other 2.4%
Licenses& Permits 1.5%
Ad Valorem Tax `Approp from Fund
100.0% 11.0% 19.4%
ORGANIZATION-WIDE APPLICATIONS OF FUNDS
Application %of Tota/
Personnel 23.3% InterfundTransfers Other
CapitalOutla 27.0% Out 4.4%
y Repair and Debt ServiA,1 Approp to Fund
Services 9.4% Maintenance S 7i 12.2%
Utilities 8.0% 7.1%
Repair and Maintenance 7.1% utilities -
8.0%
Debt Service 5.7%
Interfund Transfers Out 3.1% Personnel
Other 4.4% services 23.3%
9.4%
Approp to Fund 12.2%
Capital Outlay
100.0% 27.0%
Executive Summary I Page iv
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GENERAL FUND SOURCES OF FUNDS
Source %of Tota/
Ad Valorem Tax 36.6% Communication
Service Tax Interfund Transfers In Other
0
Utility Tax 17.1% Intergovernment-Rex 6.0% 3.9 .s.4%
Intergovernment- Half-Cent 13.0% Sharing \ 1
6.4%
Franchise Fee 11.7%
Franchise Fee
Intergovernment- Rev Sharing 6.4% 11.7%
Communication Service Tax 6.0%
Ad Valorem Tax
Interfund Transfers In 3.9% 36.6%
Intergovernment-
Other 5.4% Half-Cent
13.0%
100.0%
Utility Tax
17.1%
Ad Valorem
In order to fund the FY 2023 Proposed Budget a total millage rate of 2.4100 mills is proposed.
FY 21/22 FY 22/23 Change
Operating Millage Rate 2.4100 2.4100 (0.0000)
Incorporating the unchanged FY 2023 County MSTU millage rate (still preliminary), the combined
proposed millage rate to City taxpayers of S.1749 which remains flat from the prior fiscal year as
follows:
FY 21/2 FY 22/23 Change
Operating Millage Rate 2.4100 2.4100 (0.0000)
County MSTU (prelim) 2.7649 2.7649 0.0000
Tota I 5.1749 5.1749 (0.0000)
At 2.4100 mills, the FY 2023 operating millage rate is estimated to be 9.22% more than the "rolled-
back" rate of2.2066 mills, based on the preliminary ad valorem tax base as provided by the Seminole
County Property Appraiser.
Executive Summary I Page v
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The preliminary FY 2023 ad valorem tax base compares to the base for FY 2022 as follows:
FY 21/22 FY 22/23
DR-420 (DR-420*) Change
$2,867,838,505 $3,178,736,085 $310,897,580/10.8%
*Includes New Construction totaling$60,792,879
Based on prel iminaryvaIuations and the proposed operating miIlage rate, projected FY 2023 net
ad valorem revenues are expected to increase $719,292 or 10.8% as follows:
FY 21/22 FY 22/23
(Adopted) DR-420 Change
$6,635,032 $7,354,324 $719,292/10.8%
State Shared Revenues (Revenue Sharing and Half-Cent Sales Tax)
FY 2023 State Shared revenues are budgeted to increase by$180,684 or 4.9% as follows:
FY 21/22 FY 22/23 Change
$3,713,840 $3,894,524 $180,684/4.9%
Local Communication Services Tax
Projected FY 2023 General Fund revenues from Local Communication Service Taxes are budgeted
to increase by$105,000 or 9.5% as follows:
FY 21/22 FY 22/23 Change
$1,100,000 $1,205,000 $105,000/9.5%
Electric Utility and Franchise Fee
Effective March 2014, the City executed a 10-year franchise agreement with Duke Energy that
maintains a franchise fee of 6%on base revenue. In total, projected FY 2023 General Fund revenues
from Electric UtiIityTaxes and Electric Franchise Fees are budgeted to increase as follows:
FY 21/22 FY 22/23 Change
$4,895,850 $4,975,500 $79,650/1.6%
Executive Summary I Page vi
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Other General Fund Sources
Other General Fund sources that includes interfund transfers are expected to increase $285,951 or
12% as shown below. This increase is comprised of many accounts all with marginal increases.
FY 21/22 FY 22/23 Change
$2,391,755 $2,677,706 $285,951 /12%
WATER &SEWER SOURCES
Sources in the Water and Sewer Operating Fund are projected to increase by$1,088,786 or 8.8% as
follows due primarily to anticipated increases in water,sewer and reclaimed revenues.
FY 21/22 FY 22/23 Change
$12,413,928 $13,502,714 $1,088,786/8.8%
For FY 2023, potable water, sewer and reclaimed water rates will be indexed to the CPI of 8%
(estimate) effective October 1, 2022. The City's comparative rate position remains in the general
bottom half of rates charged by other neighboring utility systems.
In Fiscal Year 2020 the City contracted with Veolia Water North America - South, LLC (Veolia) to
assume the operation, maintenance, and management services for the City's drinking water
treatment, wastewater treatment, and reuse utilities. Additionally, water quality improvements at
Water Treatment Plant#1 were completed and the funding for the project was secured via the State
Revolving Loan Fund with no additional debt or cost to the residents.
Key assets of the City's wastewater treatment plants are at the end of their almost 50-year useful
lives. This budget continues to address many of the initiatives to replace or rehabilitate necessary
infrastructure in a cost-effective and sustainable manner. Priority repairs have been completed at
some of the wastewater treatment plants and continue while planning and designing is underway
for new, higher efficiency,wastewater plants to be built.
The City has completed design for reclaimed expansion along SR 434; this project will involve the
installation of a 12" reclaimed water main. At Water Treatment Plant No. 1, the supply header has
been upgraded- increasing throughput capacity by 30%. Control and chlorine system automation
has been optimized to improve disinfection efficiency, and balancing injection ratios to match
demand resulting in a chlorine consumption reduction of 50%.
DEVELOPMENT SERVICES REVENUES
Revenues in the Development Services Fund are projected to marginally increase by$22,000 or 2.3%
as follows:
FY 21/22 FY 22/23 Change
$955,000 $977,000 $22,000/2.3%
Diversification of the property tax base (residential and commercial) remains an important focus for
the City. Single-family Residential construction remains strong,with over 500-units currently under
construction, including the 114-unit Winter Springs Townhome Subdivision. The demand for
retirement housing is also strong, with vertical construction complete on the Savoy Retirement
Executive Summary I Page vii
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Residence in the Town Center. Commercial development demand is increasing in terms of new
construction of the Winter Springs Marketplace Shopping Center and Chase Bank. The occupancy
of previously vacant tenant space is also trending in a positive direction.
OTHER RATES AND CHARGES
Oak Forest Wall Maintenance & Debt Service Funds
The Oak Forest Maintenance assessment remains unchanged at $60/BU as compared to the legal
maximum of$63/13U. The internal refinancing of the Oak Forest Debt allowed for early retirement.
This instrument was fully retired in FY 2017, which was also the final year for the annual capital
assessment.
TLBD Maintenance & Debt Service Funds- Phases I and II
The TLBD Maintenance assessment has been unchanged since FY 2010 when the annual
assessment was decreased to $120/ERU from the legal maximum of $128/ERU. For FY 2023, no
changes are proposed. A $7 per ERU decrease was programmed into the FY 2015 Budget for the
Phase I TLBD Debt Service (from $43/ERU to $36/ERU annually) and that proposed assessment
remains unchanged. The assessment for this fund may not be sufficient due to significant inflation
and increased labor costs and will require reevaluation in 2023.
Tuscawilla III Special Assessment Fund
The Tuscawilla III assessment district has both a capital and maintenance assessment. The capital
assessment is utilized for the annual debt service on an internal 20-year loan, which financed a
capital project relative to the existing Tuscawilla Units 12/12A wall. There is no proposed increase to
the capital assessment of$8S/BU or the maintenance assessment of$87/BU as they are each at the
legal maximum of $85/BU and $87/13U, respectively. The assessment for this fund is not sufficient
and will require reevaluation in 2023.
Infrastructure Surtax Fund
In May of 2014, a countywide precinct referendum resulted in an additional 1% (i.e. 1 cent) local
government infrastructure sales surtax upon taxable transactions occurring in Seminole County.
The tax went into effect on January 1, 2015 and will expire December 31, 2024. The proceeds are to
be utilized for public infrastructure projects and are distributed 25% to the School Board, 24.2% to
the County with the remaining 50.8% of net revenues distributed according to a statutory formula
to the County and all Seminole municipalities. Per the interlocal agreement, the Winter Springs'
distribution percentage is 2.99°/x, which may be utilized for public infrastructure as defined in the
Florida statutes [Section 212.055(2)(d)].
Solid Waste Fund
The City entered into a Solid Waste Franchise Agreement with Waste Pro of Florida, Inc. on March 1,
2006 at a monthly rate for residential customers of$18.10.This rate will be assessed and will require
an increase. The weekly service includes two solid waste, one recycling and one-yard waste
Executive Summary I Page viii
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pickup. The recent competitive bidding experiences of other nearby municipalities and counties did
not result in favorable outcomesfor their residents.As a result of that evaluation,staff recommended
that the Commission grant a long-term extension to Waste Pro of Florida because such extension
would be more economically advantageous to the citizens of Winter Springs than competitively
bidding solid waste services in the current market.That long term extension was authorized on May
10, 2021 with Ordinance 2021-03 and became effective March 1, 2022, after the expiration of the
previous addendum,and will remain in effect through February 28,2027 with three additional 1 year
extensions available upon mutual consent.
Impact Fee Funds
In 2016, the City Commission adopted Ordinance 2016-10 amending the City's transportation
impact fee schedule. For most commercial and residential land uses,the new transportation
impact fees are significantly lower than the previous fees. In 2017,the City Commission adopted
Ordinance 2017-16,which reduced police and fire impact fees while an increase was warranted for
park impact fees. Impact fee revenues are not budgeted until received.
The remainder of this page was intentionally left blank
Executive Summary I Page ix
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EXPENDITURE HIGHLIGHTS
PERSONNEL COSTS
Personnel costs include employee salaries, FICA, health and life insurance, worker's comp, and
retirement benefits.These costs account for the majority of the City's operating expenditures. Some
of the challenges we have faced in previous fiscal years,that continue to be a challenge into FY 2023
are a volatile labor market, increases to minimum wage, additional staffing needed to facilitate
essential and significant infrastructure enhancements, increased inflation, and the impact of the
baby boomer generation retiring in large numbers. In order to face these challenges and to
maintain our competitive advantage for recruiting and retention, we regularly review processes
searching for opportunities to enhance efficiencies or automate processes, we have made market
adjustments to salaries and pay ranges, most notably in the police department; increased our
headcount to meet with service level demands; and we have increased benefits available to
employees. Personnel costs, totaling $15,555,775 are proposed to increase 8.1% over the prior fiscal
year as follows:
FY 21/22 FY 22/23
Original Proposed
Budget Budget Change
General $11,839,596 $12,690,624 7.2%
Enterprise 2.546517 2.865,151 12.5%
Total $14,386,113 $15,555,775 8.1%
Staffing and Wages - Full-time headcount is increased this year to be more in line with previous
years and to provide for sufficient staffing to facilitate essential and significant infrastructure
enhancements. The total full-time headcount for FY 2023 accompanied by trailing historical data
follows:
FY09 FY10 FY17 FY18 FY19 FY20 FY21 FY22 FY23
Full- 234 228 i 187 181 172 177 158 174 175
Time
Employees per 1,000 Residents
8.10
7.10
6.10 6.81 6.85
5.10
4.10 �5 �4�34
3.10 4.614.57 4.05 4.46 4.45
2.10
1.10
0.10
FY09 FY10 FY17 FM FY19 FY20 FY21 FY22 FY23
Executive Summary Page x
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Pension - Funding of the City's Defined Benefit Pension Plan is an important and critical area of
focus. Due to the nature of a Defined Benefit plan,the City is statutorily obligated to provide funding
sufficient to keep the plan actuarially sound. In a typical Defined Benefit plan structure, market
gains are expected to fund the majority of this financial obligation. However, when market
conditions result in losses and an associated decrease in plan assets, the City is obligated to fund
these losses to the extent necessary to make the plan "actuarially whole." Thus, a Defined Benefit
plan and its associated benefit structure and contractual liability must be proactively monitored and
reviewed in order to ensure the City's fiscal ability to meet its related statutory obligation, as well as
to gauge and ensure the sustainability of the plan.
Pension plan funding levels have improved significantly over the past thirteen years. The vested
benefit security ratio increased from 48.8% in FY 2007 to 110.9%as of October 1,2021.This is primarily
due to plan revisions and investment returns which averaged 9.25% in 3-year returns, 9.4% in 5-year
returns, and 8.8% in 10-year returns.These returns were achieved without adding any unsystematic
risk to the pension portfolio.The portfolio ranked in the top 1% percentile against its peers in the US
as of 2021.
Health Insurance- Effective in FY 2012,the City migrated away from an HMO-type health insurance
plan in favor of Major Medical (high deductible) benefit plan structure, inclusive of an HSA (Health
Savings Account). To meet the demands of the current labor market, we have offered a traditional
PPO plan,as a buy-up option to employees, in addition to subsidizing dependent and family medical
premiums. Additionally, the City continues its proactive healthcare program which includes:
education, wellness programs and financial incentives. The City is committed to a balanced
employer-employee cost sharing and accountability benefit plan.
OPERATING COSTS
FY 2023 Operating Costs, totaling $19,235,637 are proposed to increase 10.0%from the prior fiscal
year as follows:
FY 21/22 FY 22/23
Original Proposed
Budget Budget Change
General $5,132,880 $5,468,877 6.5%
Other Governmental $4,859,712 $5,140,840 5.8%
Enterprise $7.488.936 $8.625.920 15.2%
Total $17,481,528 $19,235,637 10.0%
Executive Summary Page A
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General Fund changes in operating costs by department are as follows:
FY 21/22 FY 22/23
Original Proposed
Budget Budget Change
Information &General Gov't $1,234,410 $1,033,330 (16.3%)
Community Development $1,214,562 $1,409,350 16.0%
Parks& Recreation $1,068,200 $1,220,438 14.3%
Police $1,166,535 $1,295,421 11.0%
Finance $210,913 $236,576 12.2%
Public Works $163,743 $190,340 16.2%
Executive $74,517 $83,422 12.0%
Total $5,132,880 $5,468,877 6.S%
The operating cost increase in the Police Department is due to aggressive recruitment,
compensation,and retention strategies enacted to keep the City as an employer of choice for police
officers in a volatile labor market.
CAPITAL OUTLAY
Capital Outlay includes capital improvements such as land, improvements to land and capital
equipment defined as vehicles and equipment over $5,000 in value with a useful life greater than
one year. FY 2023 Capital Outlay,totaling $18M is 14.9% more than last year's budget as follows:
FY 21/22 FY 22/23
Original Proposed
Budget Budget Change
General $484,000 $619,186 27.9%
Other Governmental $7,725,500 $8,657,880 12.1%
Enterprise $7,506,000 $8,773,400 16.9%
Total $15,715,500 $18,050,466 14.9%
The substance of the FY 2023 capital budget appears in the Infrastructure Surtax Fund,
Transportation-related Funds, Impact Fee Funds (Transportation, Park), Sewer Plant Replacement
(ARPA/SRFL) Fund, Capital Project Funds and Enterprise Funds,which are funded by infrastructure
surtax, developer fees, grants and/or user fees. A detailed capital list begins on page 18.
GENERAL FUND FISCAL POLICY TEST
Each year, the General Fund is tested to determine if the fund complies with three internal fiscal
policies/guidelines as follows:
1. That sufficient recurring revenue exist to pay for all recurring costs,thus avoiding the use of
non-recurring revenues and fund balances to fund recurring costs.
Executive Summary I Page xii
20
T
N
2. That sufficient recurring and non-recurring revenues are available to fund non-recurring
costs.
3. That the 25% fund balance policy is being maintained (fund balance equal to or exceeding
25%of personnel and operating costs).
All three policies are being satisfied for FY 2023.
BUDGET CALENDAR
A Commission workshop to consider the Fiscal Year 2023 Proposed Budget is scheduled for July 7,
2022. In accordance with TRIM law, a proposed millage rate is required to be adopted by August 4,
2022. Therefore, consideration and adoption of the tentative millage rate is scheduled for the July
111h regular Commission meeting. The first public hearing for adoption of the Fiscal Year2023 Budget
is scheduled for September12,2022 and the final public hearing is scheduled for September 26,2022.
ACKNOWLEDGEMENTS
The budget process and this resulting document could not have been completed without the
support of the Mayor and Commission and the diligent and cooperative efforts of the City's
Department Directors and their staff. I would like to personally offer my sincere thanks to our entire
team for their cooperation and support.
Shawn Boyle
City Manager
Executive Summary I Page xiii
THIS PAGE INTENTIONALLY LEFT BLANK
Incorporated
1959
22
Source and Application of Funds
Fiscal Year 2022-2023 Budget
Adopted
FY 19/20 FY 20/21 FY 21/22 FY 22/23
Fund Type Actual Actual Budget Budget
General $18,339,313 $19,955,833 $18,736,477 $20,107,054
Other Governmental:
Special Revenue $7,269,887 $7,929,212 $5,443,631 $16,051,923
Special Assessment $731,786 $721,698 $715,614 $716,644
Debt Service $2,137,682 $1,231,059 $1,280,276 $1,285,001
Capital Project $937,232 $913,253 $6,050 $29,800
Enterprise $17,337,865 $17,005,240 $14,576,928 $15,721,214
Total Sources (exclusive of approp) $46,753,765 $47,756,295 $40,758,976 $53,911,636
Total Appropriations FROM Funds $1,483,594 $2,280,945 $13,754,069 $12,951,012
Total Sources $48,237,359 $50,037,240 $54,513,045 $66,862,648
Adopted
FY 19/20 FY 20/21 FY 21/22 FY 22/23
Fund Type Actual Actual Budget Budget
General $18,102,030 $19,848,248 $18,736,477 $20,053,688
Other Governmental:
Special Revenue $6,251,068 $8,439,858 $9,558,341 $10,275,183
Special Assessment $735,918 $745,797 $806,136 $834,061
Debt Service $2,135,000 $1,278,501 $1,277,501 $1,277,501
Capital Project $1,250,164 $373,345 $3,423,500 $2,838,000
Enterprise $9,810,123 $9,406,234 $20,705,315 $23,439,633
Total Applications (exclusive of approp) $38,284,303 $40,091,983 $54,507,270 $58,718,066
Total Appropriations TO Funds $9,953,056 $9,945,257 $5,775 $8,144,582
Total Applications* $48,237,359 $50,037,240 $54,513,045 $66,862,648
* Includes interfund transfers of: $4,701,724 $6,813,856 $3,059,338 $2,054,859
1 23
ALL FUNDS - SUMMARY
Source/Application Category
Original Revised
FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Actual Actual Budget Budget Budget
SOURCES
Revenues
General $17,792,790 $19,421,977 $18,027,140 $18,261,428 $19,327,196
Other Governmental $7,561,386 $7,365,222 $6,165,570 $15,513,245 $16,808,367
Enterprise $16,697,865 $14,155,240 $13,506,928 $13,506,928 $15,721,214
TOTAL REVENUES $42,0$2,041 $40,942,439 $37,699,638 $47,281,601 $51,856,777
Transfers
General $546,523 $533,856 $709,337 $709,337 $779,858
Other Governmental $3,515,201 $3,430,000 $1,280,001 $1,280,001 $1,275,001
Enterprise $640,000 $2,850,000 $1,070,000 $1,070,000 $0
TOTALTRANSFERS $4,701,724 $6,813,856 $3,OS9,338 $3,059,338 $2,054,859
Total Sources* $46,753,765 $47,756,295 $40,758,976 $50,340,939 $53,911,636
APPLICATIONS
Personnel Services
General $10,767,769 $11,351,316 $11,839,596 $11,558,506 $12,690,624
Other Governmental $0 $0 $0 $0 $0
Enterprise $2,342,689 $1,561,509 $2,546,517 $2,700,475 $2,865,151
TOTAL PAYROLL $13,110,458 $12,912,825 $14,386,113 $14,258,981 $15,555,775
Operating
General $3,429,977 $3,555,622 $5,132,880 $5,429,557 $5,468,877
Other Governmental $4,512,099 $4,133,155 $4,859,712 $4,961,280 $5,140,840
Enterprise $6,685,673 $7,100,809 $7,488,936 $7,569,726 $8,625,920
TOTAL OPERATING $14,627,749 $14,789,586 $17,481,528 $17,960,563 $19,235,637
Debt Service
General $0 $0 $0 $0 $0
Other Governmental $2,274,520 $1,409,933 $1,410,266 $1,410,266 $1,410,225
Enterprise $2,174,020 $1,579,208 $2,454,525 $2,454,525 $2,411,104
TOTAL DEBT SERVICE $4,448,540 $2,989,141 $3,864,791 $3,864,791 $3,821,329
Transfers
General $3,230,000 $4,280,000 $1,280,001 $1,280,001 $1,275,001
Other Governmental $925,201 $2,000,000 $1,070,000 $1,070,000 $15,800
Enterprise $546,523 $533,856 $709,337 $709,337 $764,058
TOTALTRANSFERS $4,701,724 $6,813,856 $3,059,338 $3,059,338 $2,054,859
Capital
General $674,284 $661,310 $484,000 $702,701 $619,186
Other Governmental $2,660,330 $3,294,413 $7,725,500 $5,767,000 $8,657,880
Enterprise $5,849,861 $3,020,127 $7,506,000 $7,365,752 $8,773,400
TOTAL CAPITAL $9,184,475 $6,975,850 $15,715,500 $13,835,453 $18,050,466
Total Applications* $46,072,946 $44,481,258 $54,507,270 $52,979,126 $58,718,066
* Total Sources and Applications are exclusive of Appropriations To/From Fund Balance. Total Applications for FY 19/20 and FY20/21
do not tie to Applications(prev.pg.sub-total) as a result of Enterprise Funds'expenditures which do not decrease fund equity
due to balance sheet capitalization of$7,788,643 and$4,389,276,respectively.
2 24
organization-Wide
Source and Application of Funds
by Classification
of Original %of %of
Actuals Total Budget Total Budget Total
Source FY27 FY22 FY23
Charges for Service $15,567,096 31.1% $15,556,589 28.5% $18,341,264 27.4%
Intergovernment-Other $1,204,180 2.4% $618,820 1.1% $9,939,020 14.9%
Ad Valorem Tax $6,291,085 12.6% $6,635,032 12.2% $7,354,324 11.0%
Utility Tax $3,438,305 6.9% $3,277,910 6.0% $3,436,760 5.1%
Intergovernment- Half-Cent $2,747,752 5.5% $2,661,360 4.9% $2,614,500 3.9%
Intergovernment- Local Infrastructure $2,511,559 5.0% $2,200,000 4.0% $2,660,169 4.0%
Franchise Fee $2,396,706 4.8% $2,300,333 4.2% $2,354,007 3.5%
Interfund Transfers In $6,813,856 13.6% $3,059,338 5.6% $2,054,859 3.1%
Intergovernment- Rev Sharing $1,509,708 3.0% $1,052,480 1.9% $1,280,024 1.9%
Communication Service Tax $1,234,681 2.S% $1,100,000 2.0% $1,205,000 1.8%
Licenses&Permits $1,330,335 2.7% $987,980 1.8% $981,665 1.5%
Miscellaneous $888,746 1.8% $393,510 0.7% $768,920 1.1%
Special Assessments $674,038 1.3% $715,124 1.3% $715,124 1.1%
Fines&Forfeitures $420,570 0.8% $98,000 0.2% $103,500 0.2%
Other Taxes $126,652 0.3% $102,500 0.2% $102,500 0.2%
Impact Fees $580,806 1.2% $0 0.0% $0 0.0%
Approp from Fund $2,280,945 4.6% $13,754,069 25.2% $12,951,012 19.4%
Total Sources $50,037,240 100.0% $54,513,045 100.0% $66,862,648 100.0%
of Original %of %of
Actuals Total Budget Total Budget Total
Application FY27 FY22 FY23
Capital Outlay $3,955,724 7.9% $15,715,500 28.8% $18,050,466 27.0%
Personnel $12,912,825 25.8% $14,386,113 26.4% $15,555,775 23.3%
Services $5,572,331 11.1% $5,643,389 10.4% $6,254,917 9.4%
Utilities $4,806,967 9.6% $4,838,875 8.9% $5,338,826 8.0%
Repair and Maintenance $2,308,095 5.0% $4,197,336 7.7% $4,716,750 7.1%
Debt Service $1,619,992 3.2% $3,864,791 7.1% $3,821,329 5.7%
Other Operating $1,085,595 2.2% $1,741,080 3.2% $1,665,931 2.5%
Interfund Transfers Out $6,813,856 13.6% $3,059,338 5.6% $2,OS4,8S9 3.1%
Supplies $479,818 1.0% $700,206 1.3% $778,176 1.2%
Fuel $276,530 0.6% $301,774 0.6% $422,149 0.6%
Grants&Aids $60,250 0.1% $58,868 0.1% $58,868 0.1%
Approp to Fund $9,945,257 19.9% $5,775 0.0% $8,144,582 12.2%
TotalApplications $50,037,240 100.0% $54,513,045 100.0% $66,862,648 100.0%
3 25
Organization-Wide
Source and Application of Funds
by Function
Original
Actuals %of Budget %of Budget %of
Source FY27 Total FY22 Total FY23 Total
Non-Department $19,616,803 39.2% $17,591,765 32.3% $28,326,000 42.4%
Water&Sewer $13,618,712 27.2% $12,363,928 22.7% $13,422,714 20.1%
Public Works $7,378,230 14.7% $5,505,137 10.1% $6,749,688 10.1%
General Government $1,632,669 3.3% $1,281,026 2.3% $1,294,001 1.9%
Stormwater $1,135,598 2.3% $1,196,000 2.2% $1,196,000 1.8%
Protective Inspections $1,296,614 2.6% $943,000 1.7% $943,000 1.4%
Community Development $1,624,125 3.2% $763,494 1.4% $755,009 1.1%
Finance $719,543 1.4% $709,337 1.3% $764,058 1.1%
Parks&Recreation $348,701 0.7% $236,304 0.4% $270,750 0.4%
Police $301,269 0.6% $118,085 0.2% $116,916 0.2%
Executive&Legislative $50 0.0% $48,500 0.1% $48,500 0.1%
Fire $20,614 0.0% $2,400 0.0% $25,000 0.0%
Information Services $63,367 0.1% $0 0.0% $0 0.0%
Approp from Fund $2,280,945 4.6% $13,754,069 25.2% $12,951,012 19.4%
Total Sources $50,037,240 100.0% $54,513,045 100.0% $66,862,648 100.0%
Original
Actuals Budget %of Budget %of
Application FY27 FY 22 Total FY23 Total
Water&Sewer $7,249,967 14.5% $17,217,439 31.6% $20,968,300 31.4%
Public Works $10,128,180 20.2% $12,192,961 22.4% $11,104,450 16.6%
Police $6,888,927 13.8% $7,249,725 13.3% $7,734,449 11.6%
Community Development $2,700,322 5.4% $4,412,552 8.1% $4,696,712 7.0%
Parks&Recreation $2,690,597 5.4% $2,589,039 4.7% $2,942,517 4.4%
General Government $3,799,519 7.6% $2,553,118 4.7% $2,514,541 3.8%
Information&General Services $2,467,596 4.9% $2,670,372 4.9% $2,716,734 4.1%
Protective Inspections $1,272,906 2.5% $2,079,026 3.8% $2,295,617 3.4%
Finance $1,149,503 2.3% $1,357,689 2.5% $1,513,153 2.3%
Stormwater $883,361 1.8% $1,408,850 2.6% $1,541,516 2.3%
Executive&Legislative $582,411 1.2% $612,491 1.1% $690,077 1.0%
Fire $278,694 0.6% $164,008 0.3% $0 0.0%
Non-Department $0 0.0% $0 0.0% $0 0.0%
Approp to Fund $9,945,257 19.9% $5,775 0.0% $8,144,582 12.2%
TotalApplications $50,037,240 100.0% $54,513,045 100.0% $66,862,648 100.0%
4
26
PROJECTED CHANGES IN FUND BALANCE
Governmental Funds- Major/Non-Major in the Aggregate
Original Revised
FY 21/22 FY 21/22 FY 22/23
Budget Budget Budget
GENERAL FUND
Sources $18,736,477 $18,970,765 $20,107,054
Applications $18,736,477 $18,970,765 $20,053,688
Appropriation To(From) Fund Balance $0 $0 $53,366
FUND BALANCE-October 1 $8,824,620 $9,042,979 $9,042,979
Appropriation TO (FROM) Fund Balance $0 $0 $53,366
FUND BALANCE-September 30 $8,824,620 $9,042,979 $9,096,345
OTHER GOVERNMENTAL FUNDS (Major funds in this grouping are shown separately below)
Sources $7,445,571 $16,793,246 $18,083,368
Applications $15,065,478 $13,208,546 $15,224,745
Appropriation To(From) Fund Balance ($7,619,907) $3,584,700 $2,858,623
FUND BALANCE-October 1 $23,989,307 $29,475,894 $33,060,594
Appropriation TO (FROM) Fund Balance ($7,619,907) $3,584,700 $2,858,623
FUND BALANCE-September 30 $16,369,400 $33,060,594 $35,919,217
SOLID WASTE FUND
Sources $2,683,736 $2,683,736 $3,265,339
Applications $3,112,500 $3,112,500 $3,259,646
Appropriation To(From) Fund Balance ($428,764) ($428,764) $5,693
FUND BALANCE-October 1 $1,614,841 $2,336,084 $1,907,320
Appropriation TO (FROM) Fund Balance ($428,764) ($428,764) $5,693
FUND BALANCE-September 30 $1,186,077 $1,907,320 $1,913,013
INFRASTRUCTURE SURTAX FUND
Sources $2,218,000 $2,218,000 $2,760,169
Applications $3,792,000 $3,792,000 $2,763,380
Appropriation To(From) Fund Balance ($1,574,000) ($1,574,000) ($3,211)
FUND BALANCE-October 1 $6,587,444 $7,971,524 $6,397,524
Appropriation TO (FROM) Fund Balance ($1,574,000) ($1,574,000) ($3,211)
FUND BALANCE-September 30 $5,013,444 $6,397,524 $6,394,313
OTHER GOVERNMENTAL FUNDS-NON-MAJOR FUNDS in the aggregate
Sources $2,543,835 $11,891510 $12,057,860
Applications $8,160,978 $6,304,046 $9,201,719
Appropriation To(From) Fund Balance ($5,617,143) $5,587,464 $2,856,141
FUND BALANCE-October 1 $15,787,022 $19,168,286 $24,755,750
Appropriation TO (FROM) Fund Balance ($5,617,143) $5,587,464 $2,856,141
FUND BALANCE-September 30 $10,169,879 $24,755,750 $27,611,891
5 27
PROJECTED CHANGES IN FUND EQUITY
Enterprise Funds
sommonommum-
Original Revised
FY 21/22 FY 21/22 FY 22/23
Budget Budget Budget
ALL ENTERPRISE FUNDS
Sources $14,576,928 $14,576,928 $15,721,214
Applications(includes capital,principal reduction,if
$20,705,315 $20,799,815 $23,439,633
applicable)
Appropriation TO(FROM) Fund Equity ($6,128,387) ($6,222,887) ($7,718,419)
Net Assets less Net Capital
(less Renewal/Replacement,Restricted)
FUND EQUITY'-October 1 $21,391,312 $26,029,457 $19,806,570
Appropriation TO(FROM) Fund Equity ($6,128,387) ($6,222,887) ($7,718,419)
FUND EQUITY-September 30 $15,262,925 $19,806,570 $12,088,151
WATER&SEWER(Utility&Service Availability)
Sources $12,425,928 $12,425,928 $13,536,214
Applications(includes capital,principal reduction,if
$17,217,439 $17,299,439 $19,602,500
applicable)
Appropriation TO(FROM) Fund Equity ($4,791,511) ($4,873,511) ($6,066,286)
Net Assets less Net Capital
(less Renewal/Replacement,Restricted)
FUND EQUITY'-October 1 $13,258,095 $17,813,891 $12,940,380
Appropriation TO(FROM) Fund Equity ($4,791,511) ($4,873,511) ($6,066,286)
FUND EQUITY'-September 30 $8,466,584 $12,940,380 $6,874,094
DEVELOPMENT SERVICES
Sources $955,000 $955,000 $977,000
Applications(includes capital,principal reduction,if
$2,079,026 $2,091,526 $2,295,617
applicable)
Appropriation TO(FROM) Fund Equity ($1,124,026) ($1,136,526) ($1,318,617)
Net Assets less Net Capital
FUND EQUITY'-October 1 $5,663,561 $6,105,027 $4,968,501
Appropriation TO(FROM) Fund Equity ($1,124,026) ($1,136,526) ($1,318,617)
FUND EQUITY'-September 30 $4,539,535 $4,968,501 $3,649,884
STORMWATER
Sources $1,196,000 $1,196,000 $1,208,000
Applications(includes capital,principal reduction) $1,408,850 $1,408,850 $1,541,516
Appropriation TO(FROM) Fund Equity ($212,850) ($212,850) ($333,516)
ban:
et Assets less Net Capital
FUND EQUITY'-October 1 $2,469,656 $2,110,539 $1,897,689
Appropriation TO(FROM) Fund Equity ($212,850) ($212,850) ($333,516)
FUND EQUITY-September 30 $2,256,806 $1,897,689 $1,564,173
For the Enterprise Funds,the budgeted fund equity excludes net capital and that portion of fund balance that is
restricted,therefore,it will not tie to ACFR fund equity balances.
6 28
REVENUES
Ad Valorem Taxes
Ad valorem taxes represent the largest single revenue source to the City's General
Fund. For the proposed budget year, the ad valorem revenue budget accounts for
37% of the total budgeted revenue for the General Fund. The amount of ad valorem
revenue generated is a function of the gross final taxable value as established by the
Seminole County Property Appraiser and the millage rate (per thousand dollars of
property valuation) established by the City Commission. The following graph shows
the final gross taxable value (DR-403) for the last ten fiscal years. Please note that the
valuation identified for fiscal year 2023 is not the final valuation but rather the
valuation as submitted by the Property Appraiser (Early Estimate/DR420).
Fiscal Year Tax Year Final Gross Taxable Value Percentage
from DR-403 Incr (Decr)
2014 2013 $1,639,667,121 4.3%
2015 2014 $1,748,258,752 6.6%
2016 2015 $1,843,713,578 5.5%
2017 2016 $1,961,341,503 6.4%
2018 2017 $2,147,274,968 9.5%
2019 2018 $2,293,968,241 6.8%
2020 2019 $2,509,878,198 9.4%
2021 2020 $2,708,235,730 7.9%
2022 2021 $2,854,767,219 5.4%
DR-420
$3,178,736,085
Final Gross Taxable Value (DR403)
FY 2023 - D R-420
$3,500
$3,000
o $2,500
$2,000
C-
$1500
$1,000
$500
2�1� ti01� 216 201 ti�1g ti0�� TO tie�1 Ze2L ��20
202 O
Fiscal Year
7 29
REVENUES
Ad Valorem Taxes (cont'd)
Florida Statute 200.065-Truth in Millage Bill(TRIM):
This statute went into effect with fiscal year 1982. This law will only allow a taxing authority to receive the same
dollar amount of property tax in each subsequent year without advertising a tax increase. If propertyvalues
increase,exclusive of new construction,the taxing authority is required to reduce,or roll back,the millage rate in
order to receive the same tax dollars as the previous year. Any millage in excess of the rolled-back millage is
considered a tax increase and must be publicly advertised. Additionally,any tax increase must be publicly
announced at two public hearings prior to the budget adoption.
The following chart shows the millage history, both operating and voted debt,for the City of Winter Springs for
the last ten fiscal years.
Millage Rate
Fiscal Year Tax Year Operating Voted Debt Total Millage
2014 2013 2.4300 0.1100 2.5400
2015 2014 2.4300 0.1100 2.5400
2016 2015 2.4300 0.1100 2.5400
2017 2016 2.4300 0.0700 2.5000
2018 2017 2.4300 0.0600 2.4900
2019 2018 2.4300 0.0500 2.4800
2020 2019 2.4300 0.0000 2.4300
2021 2020 2.4100 0.0000 2.4100
2022 2021 2.4100 0.0000 2.4100
2023; 2Q22 0.0000
Operating &Voted Debt Millage Rates
3.0 -
2.8
2.6
2.4
2.2
2.0
1.8
1.6
1.4 -
1.2 -
1.0
,Lp1� yo1�' 2016 �,01� y01g �01� ,L020 ti0�1 222 202
■Operating ■Voted Debt
Total Ad Valorem
Includes Operating and Voted Debt
10 with statutory discount applied
9
8 6
7
= 6
4
3
2
261 2o1y 20,6 ,L01� 2018 ,L�1� 'L�0"0 221 'L2��dge� 2'P'Jdge�
Fiscal Year Tc, 20
8 30
REVENUES
Electricity and Communication Services Tax
[Utility taxes-Sections 7-2,Art. VIII State Constitution, Municipal Ordinances 751,
2007-42, 2005-73; Communication Services Tax-Sections 202.79(1), Florida Statutes]
The following chart reflects eight years of historical data for the major revenue
sources as well as estimates for our current fiscal year and proposed budget.These
revenue streams flow through the General Fund and are obligated for debt service.
The electric utility and communication service tax revenues represent 14% and 6%of
the budgeted revenues, respectively.
Electricity& Communication Service Tax
$3,500
$3,000
Ln
$2,500
ra
Ln
0 $2,000
0
$1,500
$1,000
$500
$0
-ap
� 2�212���d�e� ��d�e�
Fiscal Year �0 20
■Electricity ■Communication Services
9 31
REVENUES
Electric Franchise Fees
[Home Rule Authority- Sections 7-2, Art. Vlll, State Constitution]
Electric franchise fee revenue from Duke Energy goes directly to the General Fund and is
utilized for the annual debt service requirements via transfers to the debt service fund.
The following chart reflects historical data for this revenue source. The current and
upcoming fiscal year projections are based on a weighted-average trend analysis.
Electric Franchise Fee revenues represent 11% of the General Fund budgeted revenues.
Electric Franchise Fees
$3,000
$2,500
$2,000 -
w
o $1,500
$1,000
$500
$0
TO1� 201 2018 ti0�� y020 Lo21o22;?5"d°e1?5"d�e�
2 2
Fiscal Year
Inter-fund Transfers-In
Inter-fund transfers may be recurring or non-recurring in nature. An example of a non-
recurring transfer would be one related to a short-lived special project or grant activity. Many
of the recurring transfers are the result of central service costs being allocated to the funds to
which those costs relate, i.e. Utility Billing (Division #1360).
The following list represents those transfers which exceed 1% of total sources of the receiving
fund along with the anticipated amount and reason for transfer:
Fund Amount Reason for Transfer
1999 Debt Service Fund (#202) $1,275,001 From the General Fund for debt service requirements
related to the Series 1999 US Bank note
General Fund (#001) $764,058 From Water&Sewer-cost allocation for the Utility Billing
division of the Finance department
10 32
REVENUES
Major Inter-Governmental Revenues
State-Shared Revenues
There are a number of taxes imposed by the State and shared with counties,
municipalities and school districts. Based on eligibility requirements the state allocates a
portion of state-collected taxes to specified local governments. Two of the state-shared
revenues which provide a significant percentage of total fund revenues for the General
Fund are Municipal Revenue Sharing and Local Government Half-Cent Sales Tax.
Municipal Revenue Sharing Program
(Sections 206.60S(7), 206.879(1), 272.20(6), and 218.20-.26, Florida Statutes]
In order to ensure a certain level of parity across local government units the Florida
Revenue Sharing Act of 1972 was enacted. Typically, legislation is passed each year that
could potentially impact the amount of sales tax revenues available for distribution to
municipal governments. Florida's Legislative Committee on Intergovernmental Relations
(LCIR) provides projections which are the basis for the budget. During the current fiscal
year, it is expected that this revenue will contribute approximately 6.4% of total General
Fund revenues.
Local Government Half-Cent Sales Tax Program
[Sections 272.20(6) and 218.60-.66, Florida Statutes]
This program which was authorized in 1982 is the largest revenue generator among the
state-shared revenue sources. The program's primary purpose is to provide funding for
local programs while offering relief from ad valorem and utility taxes. Distribution is based
on allocation formulas. During the current fiscal year, it is expected that this revenue will
contribute approximately 13% of total General Fund revenues.
Municipal Revenue Sharing
& Half-Cent Sales Tax
$3,000
$2,500
�
$2,000
M
$1,500
$1,000
$500
$0
2�1� 2�1� 201 2�1� 2�1g 201 220 `L0�2o22�J,d�Ze�
Fiscal Year
■Revenue Sharing ■Half-Cent Sales Tax
11 33
REVENUES
Intergovernmental Revenues (cont'd)
Local Discretionary Sales Surtax
[Sections 272.OS4-.OSS, Florida Stotutes]
There are seven types of local discretionary sales surtaxes currently authorized for county and municipal
government revenue sources. The infrastructure surtax is also referred to as local option sales taxes.There have
been three generations of infrastructure surtax. The first generation was a 1% surtax which became effective in
Seminole County on October 1, 1991 and expired on September 30, 2001; the second generation became
effective on January 1,2002 and expired on December 31,2011.
A third generation of this 1% sales surtax was approved by voters in May 2014 and became effective on January
1,2015 and will expire December 31, 2024. The revenue and expenditure budget relative to the third generation
infrastructure surtax will be accounted for in the Infrastructure Surtax Fund [previously identified as the Road
Improvements Fund (#121)] and will primarily be utilized for transportation-related projects and other public
infrastructure.
Charges for Services
[Utility Fees-Home Rule Authority Sections 1-2,Art. V/ll,State Constitution]
The Water and Sewer Utility Fund and the Stormwater Funds are enterprise funds with a customer base of
approximately 14,200 whose primary revenue streams consist of charges for service. The Solid Waste fund is a
special revenue fund established to account for fees for solid waste and recycling services performed by
contract vendors. The City retained a consultant to review the adequacy of all utility rates,fees and charges for
the operation, maintenance, replacement and debt service of the water and wastewater systems. Rate
increases (with CPI adj) were warranted, approved and implemented with the billing cycles in October 2009.
The following chart indicates two years of rate history for potable water, reclaimed water, irrigation-metered
water, and sewer.
Charge Type Water(3/4"meter) Water-3/4"Reclaimed Water-3/4"Irrigation Sewer
Meters
2021 2022 2023* 2021 2022 2023* 2021 2022 2023* 2021 2022 2023*
Base facility charge $6.18 $6.68 $7.22 $4.68 $5.06 $5.47 N/A N/A N/A $12.14 $13.12 $14.17
Consumption rates per 1000 gallons:
0-5,000 $1.52 $1.65 $1.79 $0.89 $0.96 $1.03 $2.09 $2.21 $2.39 $5.00 $5.40 $5.84
5,000-10,000 $1.52 $1.65 $1.79 $1.12 $1.21 $1.31 $2.77 $2.92 $3.16 $5.00 $5.40 $5.84
10,001 to 15,000 $2.21 $2.39 $2.59 $1.55 $1.68 $1.82 $3.40 $3.58 $3.86 N/A N/A N/A
15,001-20,000 $2.92 $3.16 $3.42 $1.74 $1.88 $2.04 $4.48 $4.72 $5.09 N/A N/A N/A
20,001-25,000 $3.58 $3.86 $4.16 $2.55 $2.75 $2.97 $6.20 $6.54 $7.07 N/A N/A N/A
25,001-30,000 $4.72 $5.09 $5.49 $2.55 $2.75 $2.97 $6.20 $6.54 $7.07 N/A N/A N/A
30,001 and over $6.54 $7.07 $7.64 $2.55 $2.75 $2.97 $6.20 $6.54 $7.07 N/A N/A N/A
Sewer is only charged on the first 10,000 gallons
* 2023 rates reflect an estimated 8%CPI increase
Stormwater-$5.50/month per Equivalent Residential Unit(ERU)
Solid Waste(garbage and recycling)-$18.10/month (anticipated rate revision in Jan 2023-$22.90)
Additional cart rate -$10.55/month
12 34
ORGANIZATION WIDE-PERSONNEL SUMMARY
Budgeted Positions by Fund/Department
GENERALFUND
Department 2020-2021 2021-2022 2022-2023
FTEs FTEs FTEs
Full-Time Part-Time Total Full-Time Part-Time Total Full-Time Part-Time Total
Executive 5 0.00 5.00 4 0.00 4.00 5 0.00 5.00
Finance 13 5.80 18.80 15 4.35 19.35 16 2.90 18.90
Information&General Services 11 0.00 11.00 13 0.00 13.00 13 0.00 13.00
Public Works 12 0.00 12.00 13 0.00 13.00 17 0.00 17.00
Community Development 6 0.00 6.00 10 0.00 10.00 11 0.00 11.00
Police-Sworn 55 0.00 55.00 55 0.00 55.00 55 0.00 55.00
Police-Other 15 1.68 16.68 17 1.68 18.68 9 0.00 9.00
Parks&Recreation 11 10.52 21.52 13 10.03 23.03 1J:ft
24.33
TOTAL 128 18.00 146.00 140 16.06 156.06 14153.23
ENTERPRISE FUNDS
Fund 2020-2021 2021-2022 2022-2023
FTEs FTEs FTEs
Full-Time Part-Time Total Full-Time Part-Time Total Full-Time Part-Time Total
Water and Sewer 20 0.00 20.00 22 0.00 22.00 21 0.73 21.73
Stormwater 6 0.00 6.00 6 0.00 6.00 7 0.00 7.00
Development Services 4 4.73 8.73 6 0.00 6.00 7 0.00 7.00
TOTAL 30 4.73 34.73 34 0.00 34.00 35 0.73 35.73
ORGANIZATION-WIDE
2020-2021 2021-2022 2022-2023
FTEs FTEs FTEs
Full-Time Part-Time Total Full-Time Part-Time Total Full-Time Part-Time Total
TOTAL 158 22.73 180.73 16.06 190.06 13.96 188.96
FTEs-Full-time Equivalents
13 35
PERSONNEL
by Fund/Department/Division
2020-2021 2021-2022 2022-2023
Full-time Part-time Full-time Part-time Full-time Part-time
GENERALFUND
Executive
Full-time Part-time Full-time Part-time Full-time Part-time
1200 City Manager 2 2 2
1210 City Clerk 3 2 3
Departmental Total 5 0.00 4 0.00 5 0.00
Finance
Full-time Part-time Full-time Part-time Full-time Part-time
1300 General 9 9 10
1360 Utility Billing 4 5.80 6 4.35 6 2.90
Departmental Total 13 5.80 15 4.35 16 2.90
Information&General Services
Full-time Part-time Full-time Part-time Full-time Part-time
1600 General 5 5 S
1316 Human Resources 2 2 2
1935 Facilities Maintenance 2 4 4
7415 Marketing&Events2 2 2
.Departmein t
tal Toal........................................ 11 0.00 13 0.00 13 0.00
Public Works
Full-time Part-time Full-time Part-time Full-time Part-time
4100 Administration 1 2 2
4110 Roads and ROW Maint 9 8 12
1940 Fleet Maintenance 2 3 3
Departmental Total 12 0.00 13 0.00 17 0.00
Community Development
Full-time Part-time Full-time Part-time Full-time Part-time
1500 Administration 1 1 1
1510 Planning 2 2 3
1520 Urban Beautification 3 7 7
Departmental Total 6 0.00 10 0.00 11 0.00
Police
Full-time Part-time Full-time Part-time Full-time Part-time
2100 Office of the Chief-Sworn 55 55 SS
2100 Other Civilian 6 8 9
2140 Support Services-Dispatch 9 1.68 9 1.68 0.00
Departmental Total 70 1.68 72 1.66 64 0.00
Parks&Recreation
Full-time Part-time Full-time Part-time Full-time Part-time
7200 Administration 2 2 2
7230 Parks&Grounds 7 8.33 9 7.84 10 8.14
7250 Seniors 2 2.19 2 2.19 2 2.19
Departmental Total 11 10.52 13 10.03 14 1033
Peneral Fund Total I 128 18.00 140 16.06 140 13.23
WATER&SEWER
Full-time Part-time Full-time Part-time Full-time Part-time
3600 Operating 20 0.00 22 0.00 21 0.73
STORM WATER
Full-time Part-time Full-time Part-time Full-time Part-time
3800 Operating 5 5 4
3810 Engineering 1 1 3
Stormwater Total 6 0.00 6 0.00 7 0.00
DEVELOPMENT SERVICES
Full-time Part-time Full-time Part-time Full-time Part-time
2400 Plans and Inspections 4 4.73 6 0.00 7 0.00
j jJ11111111111jr- Full-time Part-time Full-time Part-time Full-time Part-time
158 22.73 174 16.06 175 13.96
ORGANIZATION-WIDE TOTALS
180.73 190.06 188.96
14 36
DEBT MANAGEMENT
Debt Management
As set forth in the City's Comprehensive Improvement Element (CIE), the City shall
manage debt issuance and obligations according to sound public fiscal management
principles so that the City is able to provide needed capital improvements and
maintain services at adopted levels of service (LOS).
Criteria for Managing Debt Financing:
The City does not have legal debt limits or utilize specific debt ratios such as the
limitation on the use of revenue bonds as a percent of total debt; the maximum ratio
of total debt service to total revenue; and the maxiumum ratio of outstanding capital
indebtedness to property tax base. Instead each debt issuance is evaluated on an
individual basis giving consideration to the following factors:
➢ type of facility being financed
➢ significance of the annual debt service requirement
favorable impact to the City
economic capacity of the City
overlapping debt which depends on the same economic base
➢ projected City growth rate
Criteria in Selecting Revenues to Finance Public Facilities:
To the extent possible, the following revenues are to be utilized to finance public
facilities (listed in order of priority and preference):
➢ Grants or other intergovernmental sources
➢ Developer contributions (inclusive of dedicated land and impact fees)
➢ User revenues (inclusive of charges for services, local option gas tax, etc.)
➢ Sales tax (local option infrastructure surtax)
Debt Financing
➢ Ad valorem property taxes
Since some sources are not appropriate or legally available for a particular purpose, the
above list is advisory in nature and not to be construed as obligatory.
Organization-Wide Debt Service Requirements
Exclusive of internal loan to the Tuscawilla III Assessment District(detail on successive pages)
Year Ending 9/30 Principal Interest Total
2023 $1,400,811 $2,416,218 $3,817,028
2024 $1,356,495 $2,458,122 $3,814,617
2025 $1,319,802 $2,497,077 $3,816,879
2026 $1,282,286 $2,532,448 $3,814,734
2027 $1,246,378 $2,564,004 $3,810,382
2028 $1,214,410 $2,592,481 $3,806,892
2029 $1,189,730 $2,619,356 $3,809,086
2030 $1,161,532 $1,089,031 $2,250,563
2031 $1,867,990 $17,819 $1,885,809
2032 $413,190 $13,792 $426,982
2033 $363,406 $10,188 $373,593
2034 $311,637 $7,952 $319,589
2035 $313,885 $5,700 $319,585
2036 $316,149 $3,432 $319,581
2037 $318,430 $1,147 $319,577
$14,076,129 $18,828,767 $32,904,897
15 37
DEBT SERVICE REQUIREMENTS
Governmental Funds
Fund#202 Fund#261 Fund#162
Improvement Refunding TLBD Special Assessment Tuscawilla III Assessment
Revenue Bonds' Revenue Note2 District
Series 1999 Series 2011 INTERNAL Loan
US Bank BB&T$1,765,000 $63,720
Year Ending
Principal Interest Principal Interest Principal Interest
9/30
2023 $350,893 $924,107 $102,332 $28,680 $3,107 $1,103
2024 $331,130 $943,870 $105,408 $25,304 $3,194 $1,016
2025 $312,413 $962,587 $113,321 $21,750 $3,284 $926
2026 $295,456 $979,544 $115,967 $18,024 $3,376 $835
2027 $278,677 $996,323 $118,435 $14,215 $3,470 $740
2028 $263,517 $1,011,483 $120,722 $10,329 $3,568 $643
2029 $248,485 $1,026,515 $127,821 $6,290 $3,668 $543
2030 $234,957 $1,040,043 $129,625 $2,106 $3,770 $440
2031 $3,876 $335
2032 $3,984 $226
2033 $4,096 $115
$2,315,528 $7,884,473 $933,631 $126,698 $39,393 $6,922
The Public Communication Services Tax and Electric Franchise Fees are pledged revenues to pay debt
service expenses related to the Improvement Refunding Revenue Debt. Anticipated revenues from these
funds are expected to be more than sufficient for the debt service requirements.
2The TLBD Debt Service Fund has an established legal maximum of $43/ERU. The Tuscawilla Improvement
Area Special Assessment Bond, Series 2001 was refinanced with a commercial bank note for the remaining
term at 3.25% (fixed rate).The Present Value effect of this refinancing is a savings of$276,584.
3 This note is a 20-year variable rate note (indexed to the 5-year US Treasury) funded by the City of Winter
Springs and is secured by a special assessment district levy (Tuscawilla III Capital) for the purpose of a capital
wall project in a residential vicinity within the Tuscawilla community.
16 38
DEBT SERVICE REQUIREMENTS
Water and Sewer Fund
Fund 4410 Fund#410 Fund#410
Water&Sewer Capital Water&Sewer z
Appreciation/Serial Bonds Refunding Revenue' State Revolving Loan
Series 2000 Series 2020 Series 2017
US Bank Truist Bank $5,982,108 TOTAL WATER&SEWER'
Year Ending
Principal Interest Principal Interest Principal Interest Principal Interest TOTAL
9/30
2023 $522,637 $1,384,069 $137,000 $47,678 $287,949 $31,683 $947,586 $1,463,431 $2,411,016
2024 $490,931 $1,414,050 $139,000 $45,296 $290,026 $29,602 $919,957 $1,488,949 $2,408,905
2025 $460,950 $1,442,363 $141,000 $42,871 $292,118 $27,507 $894,068 $1,512,741 $2,406,808
2026 $432,638 $1,469,081 $144,000 $40,403 $294,225 $25,396 $870,863 $1,534,880 $2,405,742
2027 $405,919 $1,492,313 $147,000 $37,883 $296,347 $23,270 $849,266 $1,553,466 $2,402,732
2028 $382,687 $1,514,212 $149,000 $35,329 $298,484 $21,128 $830,171 $1,570,669 $2,400,841
2029 $360,787 $1,534,856 $152,000 $32,723 $300,637 $18,972 $813,424 $1,586,551 $2,399,975
2030 $340,144 $154,000 $30,083 $302,806 $16,799 $796,950 $46,882 $843,832
2031 $1,563,000 $3,208 $304,990 $14,611 $1,867,990 $17,819 $1,885,809
2032 $106,000 $1,385 $307,190 $12,407 $413,190 $13,792 $426,982
2033 $54,000 $309,406 $10,188 $363,406 $10,188 $373,593
2034 $311,637 $7,952 $311,637 $7,952 $319,589
2035 $313,885 $5,700 $313,885 $5,700 $319,585
2036 $316,149 $3,432 $316,149 $3,432 $319,581
2037 $318,430 $1,147 $318,430 $1,147 $319,577
$3,396,693 $10,250,944 $2,886,000 $316,858 $4,544,277 $249,794 $10,826,970 $10,817,597 $21,644,567
1 In fiscal year 2021,current refunding opportunities arose to refinance Water&Sewer State Revolving Loan Series
2013 and Water&Sewer Refunding Revenue Note Series 2018(Synovus Bank)with an interest rate of 1.72%
maturing October 2032.
2 State Revolving Loan granted by the State of Florida has a 20-year amortization and a 0.72%fixed rate of interest
over the entire life of the loan.This financing will be used for water quality improvements.
3 A look at the total debt service requirements for this utility reflects a relatively level annual requirement. The debt
service requirements are based on the accrual method which means the interest expense is matched to the
period in which it is incurred not necessarily when paid. This fund has projected fund equity in excess of the
target fund equity of 25%of operating expenses. Rate increases, necessary to meet debt coverage requirements,
were instituted by the Commission as follows: October 2009-7%, October 2010-7%, October 2011-7%, thereafter, a
CPI rate escalator.
17 39
TOTAL CAPITAL OUTLAY
GENERALFUND
Information Services-General
Server Infrastructure Replacements-Physical Servers $20,000
Learning Management and Training Soft Skill $30,000
Customer Service Cisco Webex Call Center-Replacing Current Cisco System $40,000
Acronis-Cloud Off-Site Server Backups $8,000
Computer Replacement-City Hall $30,000
Computer Replacement-Police $30,000
$158,000
City Hall
Transit Van $25,000
$25,000
Public Works-Administration
Small Dump Truck -F450 $80,000
$80,000
Police Department
2022 Ford F-150 Crew Cab 2WD Replacement for V22 $32,962
Light Kit(2) $2,200
2022 Ford Ranger Super Cab (2) $51,450
Graphic Design $3,400
Light Kit(2) $3,000
Refabric Cubicle Partitions CIB/Enf.(1997) $13,700
2022 Ford Transit T-150 Cargo Van-Crime Scene Vehicle $27,049
Administration Light Package Storage/Work Place $5,425
$139,186
Parks&Recreation
AC Unit Replacement $30,000
F150 Reg Cab for Park Rangers(2) $50,000
Graphic Design $3,000
Laser Level for Baseball Fields $25,000
Civic Center Roof $75,000
F250 $34,000
$217,000
Total General Fund-Capital Outlay $6199186
See the following pages for the remaining capital corning from the other governmental and enterprise funds
18 40
TOTAL CAPITAL OUTLAY
OTHER GOVERNMENTAL FUNDS
Transportation Improvement Fund#120
CIP-Winding Hollow Turn Lane $632,500
$632,500
Road Improvement Fund#121 (3rd pen)
CIP-Bridge Location TBD-Based on Priority Testing $1,104,000
Road Resurfacing $1,150,000
CIP-Resurfacing(2nd Gen) $62,500
CIP-Bridge Engineering and Design $150,000
Asphalt Hot Box $20,000
Police Marked Units(5) $251,880
$2,738,380
Arbor-Fund#140
Watering Truck $45,000
$45,000
Transportation Impact Fee Fund#150
Integra 360 Light $379,000
Michael Blake Light $575,000
$954,000
Parks Impact Fee Fund#153
Cl P-Torcaso Pavilion 2 $100,000
$100,000
AR PA#180
Design Cost for East and West Waste Water Treatment Plants $1,350,000
$1,350,000
1999 Construction Fund#301
Cl P-CWP/Lake Jessup Pickleball Courts and Parking Lot Phase 1 $785,900
$785,900
Revolving Rehab#302
CIP-CWP/Lake Jessup Pickleball Parking Lot Phase 2,Restrooms,and Stormwater $1,172,600
$1,172,600
Perk Up Parks Capital Project Fund#303
City Wide Event Signage $150,000
CWP Marquee $100,000
CWP Passive Area Shed $44,500
Parks Facility Maint.Building $250,000
Ranchland Restroom $50,000
Sam Smith Parking Lot $20,000
Torcaso Pavilion 2 $100,000
Torcaso Pier-Bridge to Connect Pavilions $50,000
City Recognition-Walk at CWP $100,000
$864,500
Excellence in Customer Service Initiative C.P.Fund#305
City Hall Improvements $15,000
$15,000
Total Other Governmental Funds-Capital Outlay $8,657,880
19 41
TOTAL CAPITAL OUTLAY
ENTERPRISE FUNDS
Water&Sewer-Operating#410
Construction in Progress
CIP-Emergency Plant Upgrades(Other Continued) $348,000
CIP-WTP 3 Standby Power Connections $450,000
CIP-WWTP Replacement Engineering&Design $1,350,000
CIP-Lake Jessup Reclaimed Water Augmentation Plant Feasibility $70,000
CIP-Lift Station Rehabilitation $82,000
CIP-WTPI PH2 Improvements Eng&Design $150,000
CIP-WTPI Ion Exchange Caustic Squeeze $20,000
CIP-WTP-2&3 Well Evals and Improvements $150,000
CIP-WTP2 Ground Storage Tank Rehab and Optimization $50,000
CIP-Eastern Wastewater/Gravity System Capacity Study $100,000
CIP-West Plant HSPS Controls $80,000
CIP-Winter Springs Village Reclaimed Water Connection $150,000
Other Capital
Neptune Software Upgrade for Meter Services $18,000
Water Line Replacement $128,000
Sewer Line Replacement $500,000
Sewer Pipe Lining $250,000
Reclaimed Water Main Replacement $75,000
Reclaim Meters-Rapid Infiltration Basins(RIBs) $60,000
Master WTP Meters-3 $75,000
Lift Station Redundancy $321,000
Hydrant Replacement $30,000
Lift Station Radio Upgrades $50,000
CIP-Lift Station#7 West Engineering $250,000
CIP-Lift Station#1 East Engineering $250,000
Pump Replacement-Waste Water $50,000
Pump Replacement-Water $30,000
Security Doors at PW Admin. $8,000
Security Cameras Water Plants $100,000
$5,195,000
Stormwater-Operating#411
CIP-Shore&Alton Culvert Upsizing -Engineering $87,400
CIP-Shore&Alton Bank Stabilization-Engineering $57,500
CIP-Pipe Relining $57,500
CIP-Curb Inlet Rehabilitation $40,000
$242,400
Water&Sewer Service Availability#412
FY23-CIP-434 Reclaimed Expansion (Formerly Known as-Tuscawilla Crossing) $2,800,000
$2,800,000
Development Services-Plans&Inspections#420
CIP-Lobby Kiosks $200,000
Security Camera/Video $100,000
Furniture Building Department $8,000
F150 I nspectors $28,000
CIP-Counter Enhancement/Training Room $200,000
$536,000
Total Enterprise Funds-Capital Outlay $8,773,400
TOTAL CAPITAL OUTLAY- ALL FUNDS $18,050,466
20
42
THIS PAGE INTENTIONALLY LEFT BLANK
+r �
Incorporated
1959
43
FINANCIAL
ORGANIZATIONAL STRUCTURE
44
1
THIS PAGE INTENTIONALLY LEFT BLANK
+r �
Incorporated
1959
45
MAYOR
Kevin McCann
COMMISSIONERS
Seat One— Matt Benton
Seat Two — Kevin Cannon
(Deputy Mayor)
Seat Three — Ted Johnson
Seat Four— TiAnna Hale
Seat Five — Rob Elliott
CITY MANAGER
Shawn Boyle
CITY ATTORNEY
Anthony A. Garganese
CITY CLERK
Christian Gowan
DEPARTMENT DIRECTORS
Deputy City Manager Casey Howard
Community Development Travis Kendall
Finance Director Scott Borror
Parks & Recreation Director Leonard Hartman
Police Chief Matthew Tracht
Public Works/Utilities Director Jason Norberg
21 46
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- - - - 47
Financial Structure
Introduction
The operations for the City of Winter Springs are accounted for on the basis of fund and account
groups. A fund is a grouping of related accounts that is used to maintain control over resources that
have been segregated for specific activities or objectives. The City of Winter Springs, like other state
and local governments, uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements.
Fund Categories
All of the funds of the City of Winter Springs can be divided into three categories governmental funds,
proprietary funds, and fiduciary funds. The City has four types of governmental funds: General,
Special Revenue, Debt Service, and Capital Project. The City of Winter Springs maintains one type
of proprietary fund called enterprise funds. Such funds have been established for the Water and
Sewer Utility, Development Services, and the Storm Water Utility Fund. The Pension Trust Fund is
the only fiduciary fund and is not reflected in this budget because the resources of such funds are held
for the benefit of parties outside the government. It is the only fund that is included in the
Comprehensive Annual Financial Report that is not included in this budget.
For the audited financial statements, the accrual basis is the accounting basis that is utilized for the
Enterprise and Pension Funds; the modified accrual basis is utilized for all others. Under the accrual
basis, revenue and expense items are recognized as they are earned or incurred, even though they
may not have been received or actually paid in cash. The general idea is that economic events are
recognized by matching revenues to expenses (the matching principle) at the time in which the
transaction occurs rather than when payment is made (or received). Under the modified accrual basis,
revenue is recognized when it is earned and becomes available and measurable. Expenditures are
typically recognized in the period in which the liability is incurred.
The basis of accounting for budgetary purposes is the largely the same as that used under the GAAP
basis of accounting. The following highlights some of the significant relationships:
• Under the GAAP basis of accounting in the Enterprise (or proprietary) Funds, the receipt of
long-term debt proceeds, capital outlays and debt service principal payments are not reported
in operations, but allocations for depreciation and amortization expense are recorded. The
opposite is true under the budgetary basis of accounting.
• Encumbered amounts are commonly treated as expenditures under the budgetary basis of
accounting while encumbrances are not classified as expenditures under the GAAP basis of
accounting. Conservatively, the beginning budgeted fund balance assumes full depletion of
the prior fiscal year's budget.
• Budgetary revenues and expenditures may include items classified as "other financing
sources" and "other financing uses" under the GAAP basis of accounting.
• Under the GAAP basis of accounting, changes in the fair value of investments generally are
treated as adjustments to revenue, which is not the case under the budgetary basis of
accounting.
• The fund structure used in GAAP financial statements does not differ from the fund structure
used for budgetary purposes; however, there are interfund transfers which are budgeted in the
general fund for transfer to an appropriate debt service fund for the annual debt service
payments and related accounting.
Also designated is each fund's classification as a major or non-major fund as determined by the
calculation used in the fiscal year ending September 30, 2021 Comprehensive Annual Financial
Report. A major fund is one whose revenues, expenditures/expenses, assets, or liabilities (excluding
23 48
extraordinary items) are at least 10 percent of corresponding totals for all governmental or enterprise
funds and at least 5 percent of the aggregate amount for all governmental and enterprise funds for the
same item. The prescribed accounting basis and fund classification is indicated below for all funds.
Governmental:
General Fund
MAJOR/modified accrual basis
This is the chief operating fund of the City of Winter Springs. It accounts for all financial resources of
the general government, except those required to be accounted for in another fund.
Special Revenue Funds
(#101) Police Education Fund
non-major/modified accrual basis
This fund accounts for the costs of educational expenses for police officers. It is funded by a portion
of the collections from fines and forfeitures.
(#102 and#103) Special Law Enforcement Trust Funds (Local and Federal, respectively)
non-major/modified accrual basis
These funds were established to receive revenues derived from confiscated property obtained during
the enforcement of illegal operations. Proceeds are utilized strictly for law enforcement purposes,
exclusive of salaries and vehicles. Such purposes may include drug education programs such as the
DARE program.
(#120) Transportation Improvement Fund
non-major/modified accrual basis
Revenues in this fund are derived from Local Option Gasoline Tax distribution. Proceeds are to be
used for road, right of way, and drainage maintenance and equipment necessary to build or maintain
roads, right of ways, and drainage.
(#130) Solid Waste/Recycling Fund
MAJOR/modified accrual basis
This fund is used to account for fees for solid waste and recycling services performed by contract
vendors. Proceeds are used to pay monthly vendor charges for providing solid waste and recycling
services.
(#140)Arbor Fund
non-major/modified accrual basis
This fund is used to account for arbor revenues. This revenue source is used to maintain plantings in
the city.
(#121) Infrastructure Surtax Fund
Previously Road Improvement Fund
MAJOR/modified accrual basis
This fund is used to account for collected one-cent sales tax revenues to be primarily used for
infrastructure improvements and other related capital projects & assets.
(#150) Transportation Impact Fee Fund
non-major/modified accrual basis
This fund is used to account for collected impact fees on new development to defray the cost of future
road construction as a result of growth.
24 49
(#150) Police Impact Fee Fund
non-major/modified accrual basis
This fund is used to account for collected impact fees on new development to defray the cost of capital
investment needed to maintain the level of police service due to future growth.
(#152) Fire Impact Fee Fund
non-major/modified accrual basis
This fund is used to account for collected impact fees on new development to defray the cost of capital
investment needed to maintain the level of fire service due to future growth.
(#153) Park Impact Fee Fund
non-major/modified accrual basis
This fund is used to account for collected impact fees on new development to defray the cost of capital
investment needed to develop and improve the parks due to future growth.
(#160) TLBD Maintenance Fund
non-major/modified accrual basis
This fund is used to account for collected special assessments for maintenance related to the
Tuscawilla Lighting and Beautification District phases I and II. In fiscal year 2006-2007, two
maintenance programs were streamlined into one assessment district and are accounted for in fund
#160.
(#161) Oak Forest Maintenance Fund
non-major/modified accrual basis
This fund is used to account for collected special assessments for maintenance related to the Oak
Forest subdivision wall.
(#162) Tuscawilla Phase 111 Maintenance/Debt Service Fund
non-major/modified accrual basis
This fund is used to account for collected special assessments for maintenance and capital/debt
service related to the Tuscawilla Units 12/12A wall (Hawk's Reserve).
(#180) Sewer Plant Replacement—ARPA SRFL
non-major/modified accrual basis
This fund is newly created to account for funds received under the American Rescue Plan Act
(COVID19) and anticipated funds which will be received from the State Revolving Fund Loan. These
funds are dedicated for the replacement of the East &West Sewer Plants.
Debt Service Funds
(#202) 1999/2011 Debt Service Fund
non-major/modified accrual basis
This fund is used to account for the accumulation of resources and payment of principal, interest, and
related costs for the Series 2011 BB&T note, which partially refunded the 1999 bond issue.
(#240) Central Winds General Obligation Debt Service Fund
non-major/modified accrual basis
This fund is used to account for the accumulation of resources and payment of principal, interest, and
related costs for the 2002 limited general obligation bond which was refinanced in May 2012 with a
private placement note payable. During FY2017, the note was internally financed at 0%. A voted debt
levy was authorized by referendum to finance the annual debt service. This debt was extinguished in
FY2020.
25 50
(#261) TLBD Debt Service Fund (Phase 1)
non major/modified accrual basis
This fund is used to account for the accumulation of resources and payment of principal, interest and
related costs for the 2001 special assessment bond issue which was refinanced in October 2011 with
a private placement note payable.
Capital Project Funds
(#301) 1999 Construction Capital Projects Fund
non-major/modified accrual basis
This fund was established for the acquisition and construction of City-owned capital improvements.
(#302) Revolving Rehabilitation Capital Projects Fund
non-major/modified accrual basis
This fund was established to fund capital improvements and economic development within the City.
(#303 Public Facilities Capital Project Fund
non-major/modified accrual basis
This fund was established to fund capital projects within the City.
(#305) Excellence in Customer Service Initiative Fund
This fund was established to account for capital improvements for the purpose of increasing the level
of customer service (i.e. redesign of the City Hall lobby/bathrooms, acquisition of software, new phone
system).
Proprietary:
Enterprise Funds
(#410/412) Water and Sewer Utility Fund
MAJOR/accrual basis
This fund was established to account for the provision of water and sewer services to the residents of
the City.
(#420) Development Services Fund
MAJOR/accrual basis
This fund was established in 2003 to account for plans, inspections and related customer service as
an enterprise fund.
(#411) Stormwater Utility Fund
MAJOR/accrual basis
This fund was established to account for the stormwater management department as an enterprise
fund.
Fiduciary:
Pension Plan Trust Fund
accrual basis
This fund accounts for the contributions to the defined benefit plan. Because this fund accounts for
the resources held for the benefit of parties outside the government it is not included in the budget
document.
26 51
Budget Process
Annual budgets are adopted on a basis consistent with generally accepted accounting principles for
all funds. The budget is established through the following procedures:
• In January and February, City Manager and department directors begin preliminary budget
discussions regarding the next fiscal year. Directors submit budget requests in early spring
followed by the refinement and balancing process.
• About March of each year, the budget calendar is presented by staff and approved by the City
Commission.
• In the spring, budget meetings/workshops are convened which may include department
directors, support staff, City Manager, Finance Director, Budget Analyst, Mayor and
Commission. From those in-house workshops, the Proposed Budget is prepared.
• On or before July 1 of each year, the City Manager submits the Proposed Budget to the
Commission for consideration.
• The City Commission may hold informal budget workshops which the public is invited to attend.
• In July, the City Commission establishes the tentative millage rate (DR 420) which becomes
the millage `ceiling' when approving the annual millage rate and budget in September.
• Also established at this meeting is the rolled-back rate calculation, the date, time and place of
the first Public Hearing. Once these determinations have been made, they are communicated
via the DR 420 to the Seminole County Property Appraiser, the Seminole County Tax Collector
and the Department of Revenue. This information is advertised via the Notice of Proposed
Property Taxes (TRIM Notice) which is mailed to property owners by the Seminole County
Property Appraiser.
• Two to five days prior to the second public hearing the notice of the final budget hearing and
budget summary is advertised in a newspaper of general paid circulation.
• On or before September 30 of each year, after two public hearings, the Commission adopts
the budget and establishes the ad valorem tax millage rates.
• The TRIM (Truth in Millage) compliance package is submitted to the Department of Revenue.
• The budget may be formally amended by the Commission at any time.
Proposed:
Date Function
February 28 Commission establishes FY 2023 Budget Calendar
by July 1 Transmission of Proposed 2023 Budget - budget placed on Shared
Drive and Website
Tentative:
by July 1 Property Appraiser submits DR 420 Certification
July 7 Budget Workshop
July 11 Commission establishes millage cap (DR 420 tentative millage rates via
Resolution
August 4 Deadline to Notice Property Appraiser of
Proposed Millage Rate/ Rolled-back Rate / Date, Time, Place of Public
Hearing
Must be sent within 35 days of certification of value
August 24 Deadline for Property Appraiser to send TRIM Notice to property owners
(Considered notification of Tentative public hearing; must be mailed by PA
within 55 days of value certification
September 12 Public Hearing (Tentative)
Tentative millage and budget hearing (Resolutions)
(Must be within 80 days of value certification but not earlier than 65 days
after certification
27 52
Final/Adopted:
September 22 Advertisement publication date (Thursday for Seminole Extra)for final
millage and budget hearing
(Final public hearing must be within 15 days of the tentative public
hearing)
September 26 Public Hearing (Final)
Final millage and budget hearing - Adoption of final millage and budget
must be done separately and in that order (Resolutions)
(Hearing must be held not less than 2 days or more than 5 days after
advertisement is published
by September 29 Resolution to Property Appraiser
Resolution to Tax Collector
Must be submitted within 3 days after adoption of final millage rate
by October 26 Mail TRIM package to Property Tax Administration Program Department
of Revenue (Must be submitted within 30 days of final adoption)
Budget Transfers and Amendments
• The legal level of budgetary control is at the department level.
• The City Manager is authorized to transfer budgeted amounts between accounts within a
department.
• The budget is an annual one, as such, unexpended appropriations for these funds lapse at the
end of each fiscal year.
• Increases to the budget are accomplished by resolution duly adopted by the Commission.
There may be two amendments to the budget each fiscal year — one at approximately mid-
year and one within 60 days of the fiscal year-end.
28 53
Budget, Financial and Management Guidelines
General
• An independent audit will be performed annually. The City administration will promptly
evaluate the audit management letter, if necessary, to determine the necessary steps to
implement the audit recommendations.
• Financial records to be maintained on a basis consistent with Generally Accepted Accounting
Principles (GAAP) and the Government Accounting Standards Board (GASB).
• The City will strive to maintain a fund balance in the General and Enterprise funds of 25% of
personnel services and operating expenditures which serves to protect against the need to
reduce service levels or raise taxes and fees due to temporary revenue shortages or
unpredicted spikes in expenditures.
• The City will strive to ensure that personal and operating costs do not exceed recurring
revenues; that is, recurring expenses will not be funded with non-recurring revenue.
• It will be the City's highest priority to maintain current service levels for all essential services.
• Employee positions are fully-funded.
Revenues
• The City will strive to maintain diversified revenues for the sake of fiscal stability and to most
equitably distribute the cost of services.
• The City will set user-fees for all enterprise funds at a level that fully supports the total direct
and indirect cost of the activity.
• A portion of the cost of non-enterprise activities may be considered for subsidy provided that
such action is consistent with the interests of the City and with all legal requirements.
• The use of one-time revenues to fund ongoing expenditures is discouraged.
Budget
• The City will abide by a structured budget process and comply with the "Truth in Millage" state
statute which regulates taxing authorities in the millage assessment process.
• Budgets are considered balanced when revenues and appropriations from the fund (if
applicable) equal expenditures and appropriations to the fund (if applicable).
• Recurring revenues should be sufficient to pay for all recurring costs thus avoiding the use of
non-recurring revenues and fund balances to fund such costs.
• The City will adhere to all Federal, State, and local legal requirements related to the operating
budget.
• The City will maintain a budgetary control system to ensure budgetary compliance.
• All fund balances will be presented in the annual budget.
• The City will attempt to avoid layoffs of permanent employees in order to balance the budget.
Purchasing
• The City Manager is authorized to purchase or to contract for all commodities and services
which do not exceed $50,000; those in excess require written bids and Commission approval.
• Regarding bids, the City of Winter Springs intends to secure a source of supply for item(s) or
services(s) at the lowest price; early and satisfactory manufacture; and prompt, convenient
service and shipment.
• Purchase orders over$5,000 must be approved by the City Manager.
• Purchases for commodities and services over$2,500 require three quotes unless a sole source
vendor is being utilized or the City is piggy-backing off another governmental agency.
29 54
Investments and Cash Management
• Cash and investments are managed in accordance with the City's investment policy while
providing for liquidity to meet the City's needs in a sound and prudent manner.
• The City administers a cash management and investment program that seeks to maximize, in
order of priority, the preservation of funds, liquidity, and interest earnings over its cash and
investments.
• The City will collect revenues aggressively, including past due bills and may utilize a collection
agency to accomplish this.
Capital Assets
• The budget will provide for the maintenance and replacement of capital assets which are
defined as expenditures which equal or exceed $5,000.
• The City has a five-year Capital Improvements Plan (CIP) which it annually reviews and
updates to ensure that all necessary capital improvements are being incorporated. This plan
is a multi-year prioritized schedule of capital improvements (which equal or exceed $50,000)
by intended year of purchase or commencement, the amount of expenditure per year, method
of financing and annual operating costs.
• Assets will be inventoried annually. Assessment as to condition of all major capital assets is
routinely evaluated by the respective departments.
• When appropriate, surplus and obsolete property will be disposed of at public auction.
Debt Management
• There are no limitations placed on the amount of debt the City may issue either by the City's
charter, code of ordinances or State statute.
• The City shall manage debt issuance and obligations according to sound public fiscal
management principles so that the City is able to provide needed capital improvements and
maintain services at adopted levels of service (LOS).
• Debt service - managed to ensure that timely payment of principal and interest is made and
that bond covenants are met so as to maximize efficiency and credit-worthiness.
• General obligation debt will not be used to finance the activities of enterprise funds.
• The term of any bonds shall not exceed the useful life of the expenditures being financed.
• Long-term debt will not be utilized to fund current and ongoing operations.
• For long-term debt, the City uses financial advisors independent of bond brokerage houses
and independent bond counsel to determine the best method of financing.
• The City will maintain an adequate debt service fund for each bond issue.
• See Debt Service section for a list of criteria for managing debt financing and selecting
revenues to finance public facilities.
Pension Plan
• Employees become plan participants on the first day of the month immediately following the
date six months after the first day of employment.
• The City will provide sufficient funding to the pension plan in order to ensure that the plan will
be able to fully meet its obligations to retired employees on a timely basis. Accordingly, the
City will retain independent actuarial advisors to provide the minimum annual required
contribution for both employer and employee.
• The Defined Benefit (DB) plan is closed to employees hired after October 1, 2011. DB
Employees have a required contribution rate of 5%. For employees hired after October 1,
2011, the City contributes 5% to a Defined Contribution (DC) plan with eligibility for an
additional 2.5% matching contribution.
30 55
GENERAL FUND
56
THIS PAGE INTENTIONALLY LEFT BLANK
+r �
Incorporated
1959
57
GENERAL FUND FISCAL POLICY TESTS
OPERATING COVERAGE
Recurring Revenue $20,107,054
Total Expenditures $20,053,688
LESS :
Capital Expenditures ($619,186)
Discretionary- UCF Incubator ($50,000)
Recurring Personnel and Operating Expenditures $19,384,502 ($19,384,502)
Effect on Fund Balance - OPERATING COVERAGE $722,552
CAPITAL COVERAGE
Non-recurring Revenue $0
LESS:
Capital Expenditures ($619,186)
Discretionary- UCF Incubator ($50,000)
Effect on Fund Balance - CAPITAL COVERAGE ($669,186)
TOTAL EFFECT ON FUND BALANCE $53,366
FUND BALANCE
Projected Beginning Fund Balance $9,042,979
Appropriation TO (FROM) Fund Balance $53,366
Projected Ending Fund Balance $9,096,345
Ending Fund Balance Designations:
90-day/25% Operating Reserve $4,846,126
Economic Development/Capital $4,250,220
Projected Total Ending Fund Balance $9,096,345
31 58
GENERAL FUND
Sources and Applications by Classification
Of Original %of %of
Actuals Budget Budget
Source FY27 Tota/ FY22 Tota/ FY23 Tota/
Ad Valorem Tax $6,291,085 31.5% $6,635,032 35.4% $7,354,324 36.6%
Utility Tax $3,438,305 17.2% $3,277,910 17.5% $3,436,760 17.1%
Intergovernment- Half-Cent $2,747,752 13.8% $2,661,360 14.2% $2,614,500 13.0%
Franchise Fee $2,396,706 12.0% $2,300,333 12.3% $2,354,007 11.7%
Intergovernment- Rev Sharing $1,509,708 7.6% $1,052,480 S.6% $1,280,024 6.4%
Communication Service Tax $1,254,681 6.3% $1,100,000 S.9% $1,205,000 6.0%
Interfund Transfers In $533,856 2.7% $709,337 3.8% $779,858 3.9%
Charges for Service $387,697 1.9% $480,145 2.6% $558,689 2.8%
Miscellaneous $552,634 2.8% $270,800 1.4% $276,527 1.4%
Other Taxes $125,892 0.6% $102,000 0.5% $102,000 0.5%
Fines&Forfeitures $109,414 0.5% $95,000 0.5% $100,500 0.5%
Intergovernment-Other $586,918 2.9% $27,600 0.1% $26,700 0.1%
Licenses&Permits $21,185 0.1% $24,480 0.1% $18,165 0.1%
Approp from Fund $0 0.0% $0 0.0% $0 0.0%
Total Sources $19,955,833 100.0% $18,736,477 100.0% $20,107,054 100.0%
Of Original %of %of
Actuals Budget Budget
Application FY27 Tota/ FY22 Tota/ FYI Tota/
Personnel $11,351,316 56.9% $11,839,596 63.2% $12,690,624 63.1%
Other Operating $1,017,766 5.1% $1,673,340 8.9% $1,512,877 7.5%
Repair and Maintenance $1,040,642 5.2% $1,322,986 7.1% $1,558,068 7.7%
Interfund Transfers Out $4,280,000 21.4% $1,280,001 6.8% $1,275,001 6.3%
Utilities $764,670 3.8% $827,281 4.4% $846,243 4.2%
Services $177,666 0.9% $562,731 3.0% $704,095 3.5%
Capital Outlay $661,310 3.3% $484,000 2.6% $619,186 3.1%
Supplies $305,676 1.5% $506,474 2.7% $530,251 2.6%
Fuel $193,062 1.0% $183,868 1.0% $261,143 1.3%
Ora nts&Aids $56,140 0.3% $56,200 0.3% $56,200 0.3%
Approp to Fund $107,585 0.5% $0 0.0% $53,366 0.3%
Tota/Applications $19,955,833 100.0% $18,736,477 100.0% $20,107,054 100.0%
32 59
GENERAL FUND
Sources and Applications by Function
Of Original %of
Actuals Total Budget Total Budget %of Total
Source FY27 FY22 FY23
Non-Department $18,662,487 93.5% $17,517,765 93.5% $18,756,500 93.3%
Finance $719,543 3.6% $709,337 3.8% $764,058 3.8%
Parks& Recreation $208,948 1.0% $235,554 1.3% $266,750 1.3%
Police $142,346 0.7% $114,440 0.6% $107,701 0.5%
Public Works $66,000 0.3% $66,001 0.4% $135,380 0.7%
Executive& Legislative $50 0.0% $48,500 0.3% $48,500 0.2%
Community Development $93,092 0.5% $44,880 0.2% $28,165 0.1%
Information &General Services $63,367 0.3% $0 0.0% $0 0.0%
Approp from Fund $0 0.0% $0 0.0% $0 0.0%
Total Sources $19,955,833 100.0% $18,736,477 100.0% $20,107,054 100.0%
%of Original %of
Actuals Total Budget Total Budget %of Total
Application FY27 FY22 FY23
Police $6,817,962 34.2% $7,233,800 38.6% $7,703,799 38.3%
Information &General Services $2,467,596 12.4% $2,670,372 14.3% $2,716,734 13.5%
Parks& Recreation $2,502,784 12.5% $2,389,039 12.8% $2,842,517 14.1%
Community Development $1,831,573 9.2% $1,935,279 10.3%1 $2,132,447 10.6%
Finance $1,149,503 5.8% $1,357,689 7.2% $1,513,153 7.5%
Public Works $1,758,960 8.8% $1,113,182 5.9% $1,232,921 6.1%
General Government $2,458,765 12.3% $1,260,617 6.7% $1,222,040 6.1%
Executive& Legislative $582,411 2.9% $612,491 3.3% $690,077 3.4%
Fire $278,694 1.4% $164,008 0.9% $0 0.0%
Approp to Fund $107,585 0.5% $0 0.0% $53,366 0.3%
TotalApplications $19,955,833 100.0% $18,736,477 100.0% $20,107,054 100.0%
33 60
GENERAL FUND - SOURCES
Revenues&Transfers- Non-Departmental
Original Revised
Account FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Number Description of Expenditure Actual Actual Budget Budget Budget
00 Non-Department
311000 Ad Valorem $5,869,644 $6,291,085 $6,635,032 $6,635,032 $7,354,324
Total Ad Valorem Tax $5,869,644 $6,291,085 $6,635,032 $6,635,032 $7,354,324
314100 Electricity Tax $2,834,079 $2,932,695 $2,815,850 $2,815,850 $2,845,000
314300 Water Utility Tax $443,597 $429,171 $390,660 $390,660 $509,010
314400 Gas Tax $47,189 $48,788 $47,940 $47,940 $58,500
314800 Propane $23,293 $27,651 $23,460 $23,460 $24,250
Total Utility Tax $3,348,158 $3,438,305 $3,277,910 $3,277,910 $3,436,760
315000 Communication Services $1,162,625 $1,254,681 $1,100,000 $1,100,000 $1,205,000
Total Communication Service Tax $1,162,625 $1,254,681 $1,100,000 $1,100,000 $1,205,000
323100 Electricity $2,137,683 $2,167,002 $2,080,000 $2,080,000 $2,130,500
323700 Solid Waste/Commercial $133,018 $132,807 $124,800 $124,800 $126,804
323710 Solid Waste/Residential $50,851 $51,868 $52,693 $52,693 $51,703
323400 Gas $41,833 $45,029 $42,840 $42,840 $45,000
Total Franchise Fee $2,363,385 $2,396,706 $2,300,333 $2,300,333 $2,354,007
331390 Federal Grant-Other Phys.Environ. $2,631 $497,598 $0 $0 $0
335120 Revenue Sharing $1,279,152 $1,509,708 $1,052,480 $1,198,735 $1,280,024
335140 Mobile Home License Tax $9,884 $9,039 $8,160 $8,160 $7,500
335150 Alcoholic Beverage License $11,570 $13,196 $12,240 $12,240 $12,000
335180 Gov't Half Cent Sales Tax $2,475,130 $2,747,752 $2,661,360 $2,661,360 $2,614,500
Total lntergovernment $3,778,367 $4,777,293 $3,734,240 $3,880,495 $3,914,024
339000 Pymtsfr Other Local in Lieu of Taxes $5,000 $5,000 $5,000 $5,000 F $5,000
341300 Ad min Svc Fees $94,437 $96,327 $97,450 $97,450 $98,058
343945 NSF $0 $20 $0 $0 $0
361100/361300 Investment(realized/unrealized) $276,060 $26,821 $80,000 $80,000 $76,250
362000 Misc Rents $461 $300 $0 $0 $0
362100 Cell Tower City Hall $80,444 $83,184 $82,000 $82,000 $86,840
362101 Cell Tower Shore Drive $87,043 $90,763 $83,500 $83,500 $89,960
364100 Auction Proceeds $5,212 $6,881 $5,000 $5,000 $0
366000 Misc Private Donations $0 $6,000 $0 $0 $0
369301 Settlement Insurance Proceeds $20,553 $34,504 $0 $0 $0
369900 Misc Revenue $8,009 $137,225 $0 $0 $0
369910 Motor Fuel Tax Rebate $18,981 $17,317 $15,300 $15,300 $18,477
Total Other $596,200 $504,342 $368,250 $368,250 $374,585
316000 Local Business ($515) $75 $102,000 $102,000 $102,000
Other Taxes ($515) $75 $102,000 $102,000 $102,000
381180 From Sewer Plant Peplcmnt APPA SRFL $0 $0 $0 $0 $15,800
Total Interfund Transfers In $0 $0 $0 $0 $15,800
Total Non-Departmental Sources $17,117,864 $18,662,487 $17,517,765 $17,664,020 $18,756,500
34 61
GENERAL FUND - SOURCES
Revenues&Transfers-Departmental
Original Revised
Account FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Number Description of Expenditure Actual Actual Budget Budget Budget
12 Executive&Legislative
341300 Admin Svc Fees $1,150 $50 $48,500 $48,500 $48,500
Total Ad Valorem Tax $1,150 $50 $48,500 $48,500 $48,500
13 Finance
316000 Local Business $112,965 $125,817 $0 $0 $0
341302 Admin Svc Fees-Business License $2,347 $1,015 $0 $0 $0
369900 Misc Income-Record Searches,etc $53,019 $58,855 $0 $0 $0
381410 From Water Sewer Utility $546,523 $533,856 $709,337 $709,337 $764,058
Total Utility Tax $714,854 $719,543 $709,337 $709,337 $764,058
15 Community Development
322010 Zoning $15,240 $9,760 $13,260 $13,260 $9,025
322020 Site Plan $7,295 $7,330 $7,140 $7,140 $7,140
322910 Arbor Permits $9,585 $4,095 $4,080 $4,080 $2,000
337300 Grant-Physical Environment $0 $48,974 $0 $0 $0
341301 Admin Svc Fees-County Impact $50,500 $14,158 $20,400 $20,400 $10,000
366000 Misc Private Donations $1,000 $500 $0 $0 $0
369301 Settlement Insurance Proceeds $1,959 $8,275 $0 $0 $0
Total Community Development $85,579 $93,092 $44,880 $44,880 $28,165
16 Information&General Services
347400 Community Events $0 $50 $0 $0 $0
366000 Misc Private Donations $0 $63,317 $0 $88,033 $0
Total Information Services $0 $63,367 $0 $88,033 $0
21 Police
331200 Federal Grant-Public Safety $24,615 $18,111 $7,200 $7,200 $7,200
341300 Admin Svc Fees $438 $408 $0 $0 $0
342102 Law Enforcement-Code $12,124 $721 $12,240 $12,240 $1
351500 Traffic $64,422 $109,414 $95,000 $95,000 $100,500
369900 Misc Revenue $12,129 $13,692 $0 $0 $0
Total Police $113,728 $142,346 $114,440 $114,440 $107,701
41 Public Works
344910 ROW Maintenance $66,000 $66,000 $66,000 $66,000 $99,000
344930 Street Lighting $33,302 $0 $1 $1 $36,380
Total Public Works $99,302 $66,000 $66,001 $66,001 $135,380
72 Parks&Recreation
341300 Admin Svc Fees $15 $465 $0 $0 $0
347201 Civic Center $5,895 $345 $10,000 $10,000 $10,000
347202 Pavillion $19,946 $51,461 $40,000 $40,000 $40,000
347203 Fields $40,006 $22,392 $20,400 $20,400 $20,400
347204 Senior Ctr-Pool $16,434 $6,122 $5,100 $5,100 $10,000
347205 Senior Ctr-Annual $7,294 $6,400 $2,550 $2,550 $20,000
347206 Splashpad $0 $2,819 $200 $200 $200
347208 Summer Camp $0 $37,019 $76,500 $76,500 $83,000
347209 Programs $6,117 $8,181 $3,060 $3,060 $6,500
347210 League $12,150 $1,800 $2,700 $2,700 $3,000
347211 Partnership League $63,052 $71,944 $75,044 $75,044 73,650
347400 Community Events $8,125 $0 $0 $0 $0
366000 Misc Private Donations $21,979 $0 $0 $0 $0
369900 Misc Revenue $5,823 $0 $0 $0 $0
Total Parks&Recreation $206,836 $208,948 $235,554 $235,554 $266,750
Total Dep'tal Sources $1,221,449 $1,293,346 $1,218,712 $1,306,745 $1,350,554
TOTAL GENERAL FUND SOURCES $18,339,313 $19,955,833 $18,736,477 $18,970,765 $20,107,054
35 62
GENERAL FUND-APPLICATIONS
Expenditures&Transfers -Department Specific
Original Revised
FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
DIV# DEPARTMENT/DIVISION Actual Actual Budget Budget Budget
Executive PF
1100 Executive-Commission $108,236 $114,693 $120,139 $120,139 $123,073
1200 Executive-City Manager $380,731 $319,759 $321,198 $321,198 $337,143
1210 Executive-City Clerk $222,299 $147,959 $171,154 $171,154 $229,861
$711,266 $582,411 $612,491 $612,491 $690,077
General Government
1400 General Gov't-Legal Services $261,709 $273,861 $265,420 $265,420 $314,020
1900 General Gov't-General $1,841,071 $2,184,904 $995,197 $1,119,532 $908,020
$2,102,780 $2,458,765 $1,260,617 $1,384,952 $1,222,040
Finance
1300 Finance-General $519,289 $611,715 $648,352 $661,507 $749,095
1360 Finance-Utility Billing&Cust Svc $546,524 $537,788 $709,337 $697,337 $764,058
1310 Finance-Human Resources $214,347 $0 $0 $0 $0
1920 Finance-Risk Management $646,285 $0 $0 $0 $0
$1,926,445 $1,149,503 $1,357,689 $1,358,844 $1,513,153
ID
Information&General Services
1600 Information&General Services-General $694,031 $893,513 $1,129,364 $1,035,066 $1,106,123
1910 Information&General Services-City Hall $28,114 $29,987 $27,363 $27,363 $18,483
1315 Information&General Services-Human Resources $0 $286,214 $247,031 $244,529 $280,039
1925 Information&General Services-Risk Management $0 $669,881 $666,008 $666,008 $664,594
1935 Information&General Services-Facilities Maintenance $0 $365,074 $387,463 $387,463 $441,301
7415 Information&General Services-Marketing&Events $0 $222,927 $213,143 $301,176 $206,194
$722,145 $2,467,596 $2,670,372 $2,661,605 $2,716,734
Public Works
4100 PublicWorks-Administration $236,431 $103,079 $179,523 $234,523 $135,929
4110 Public Works-Roads and ROW Maint. $522,319 $1,435,554 $663,953 $720,953 $816,904
1930 Public Works-Facilities Maintenance $224,194 ($129) $0 $0 $0
1940 Public Works-Fleet Maintenance $185,017 $220,456 $269,706 $269,706 $280,088
$1,167,961 $1,758,960 $1,113,182 $1,225,182 $1,232,921
Community Development
1500 Community Development-Administration $117,047 $152,377 $154,824 $154,824 $172,853
1510 Community Development-Long Range Planning $69,443 $58,217 $73,418 $73,418 $173,411
1520 Community Development-Urban Beautification $1,366,178 $1,141,554 $1,191,944 $1,191,944 $1,252,128
1530 Community Development-Streetlighting $483,906 $479,425 $515,093 $515,093 $534,055
$2,036,574 $1,831,573 $1,935,279 $1,935,279 $2,132,447
36 63
GENERAL FUND-APPLICATIONS
Expenditures&Transfers -Department Specific
Original Revised
FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
NUMBER DEPARTMENT/DIVISION Actual Actual Budget Budget Budget
Police
2100 Police-Office of the Chief $5,587,273 $6,053,513 $6,386,250 $6,295,250 $6,792,952
2110 Police-Criminal Investigations $26,618 $56,815 $85,765 $32,765 $76,959
2120 Police-Community Services $12,706 $21,318 $12,665 $12,665 $15,270
2130 Police-Operations $93,474 $113,735 $215,080 $257,335 $185,529
2135 Police-Special Operations $4,567 $10 $0 $0 $0
2140 Police-Support Services $531,573 $568,110 $523,310 $519,310 $530,622
2150 Police-Code Enforcement $9,498 $4,461 $10,730 $10,730 $102,467
$6,265,709 $6,817,962 $7,233,800 $7,128,055 $7,703,799
Fire
2200 Fire-Operations $295,812 $278,694 $164,008 $164,008 $0
$295,812 $278,694 $164,008 $164,008 $0
P&R-Operations 01
7200 P&R-Administration $214,160 $247,724 $376,746 $376,746 $180,888
7210 P&R-Athletics $2,879 $2,811 $0 $0 $0
7220 P&R-Athletics-Partnerships $6,086 $11,857 $4,200 $4,200 $3,804
7230 P&R-Parks&Grounds $2,134,823 $1,907,085 $1,575,848 $1,646,406 $2,086,387
7240 P&R-Programs $173,957 $34,320 $109,726 $109,726 $189,928
7250 P&R-Seniors $305,505 $298,987 $322,519 $363,271 $381,510
7400 P&R-Community Events $35,928 $0 $0 $0 $0
$2,873,338 $2,502,784 $2,389,039 $2,500,349 $2,842,517
TOTAL GENERAL FUND APPLICATIONS $18,102,030 $19,848,248 $18,736,477 $18,970,765 $20,053,688
FUND BALANCE-October 1 $8,698,111 $8,935,394 $8,824,620 $9,042,979 $9,042,979
Appropriation TO(FROM)Fund Balance $237,283 $107,585 $0 $0 $53,366
FUND BALANCE-September 30 $8,93S,394 $9,042,979 $8,824,620 $9,042,979 $9,096,345
37
64
GENERAL FUND - EXECUTIVE & LEGISLATIVE OVERVIEW
All Divisions
Original Revised
FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
EXPENDITURES Actual Actual Budget Budget Budget
■
Personnel Services $674,421 $525,912 $537,974 $537,974 $606,655
Operating Expenses $36,845 $56,499 $74,517 $74,517 $83,422
Transfers $0 $0 $0 $0 $0
Capital Outlay $0 $0 $0 $0 $0
TOTAL EXPENDITURES $711,266 $582,411 $612,491 $612,491 $690,077
City Manager-1200
City Manager 1 1 1 1
.....................................................................................................
Administrative Assistant 1 1 1 1
Total 2 2 2 2
City Clerk-1210
City Clerk 1 1 1 1
........ ..........................................................................................
CityClerk Assistant 2 2 1 2
Total 3 3 2 3
FE TOTAL FULL-TIME PERSONNEL 5 5 4 5
Commission- Non-employee-1100
Commissioners 5 5 5 5
..Mayor.................................................................................... 1 1 1 1
TOTAL 6 6 6 6
TOTAL NON-EMPLOYEE 6 6 6 6
38 65
GENERAL FUND - EXECUTIVE & LEGISLATIVE SUMMARY
All Divisions
Original Revised
Account FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Number Description of Expenditure Actual Actual Budget Budget Budget
510100 Base Wages/Salaries $397,987 $313,375 $317,286 $317,286 $358,003
510110 Base Wage-Mayor/Commission $75,330 $75,110 $74,400 $74,400 $74,400
510140 Overtime $2,739 $5,043 $4,554 $4,554 $2,700
510900 Reimbursements $0 ($25) $0 $0 $0
520200 FICA $34,655 $27,992 $28,467 $28,467 $30,404
520220 Pension DB $94,483 $55,278 $59,145 $59,145 $61,514
520225 Pension DC $7,694 $2,374 $7,926 $7,926 $11,545
520230 Health Insurance $61,034 $46,383 $45,462 $45,462 $67,227
520240 Workers'Comp $499 $382 $734 $734 $862
Total Payroll $674,421 $525,912 $537,974 $537,974 $606,655
530310 Professional $1,000 $4,814 $11,100 $11,100 $11,100
530314 Consulting $0 $0 $0 $525 $0
530315 Pre/Post Employment $0 $62 $0 $0 $63
530341 Other Svcs-Contract/Admin $925 $487 $3,200 $3,200 $3,042
530411 Communication -Phone $5,240 $5,470 $7,800 $7,800 $7,800
550510 Office $473 $836 $940 $940 $825
550520 Operating $1,638 $2,363 $1,810 $1,810 $1,710
550525 Operating -Small Tools $1,084 $350 $100 $100 $100
555400 Travel &Per Diem $3,139 $3,551 $13,038 $8,613 $12,138
555420 Postage/Freight $343 $539 $628 $628 $594
555470 Printing/Binding $71 $1,063 $1,250 $1,250 $1,550
555480 Promotional/Advertising $3,458 $9,854 $8,520 $14,620 $17,350
555540 Dues/Reg/Pub $12,057 $19,767 $15,631 $15,631 $15,900
555550 Training $1,277 $1,203 $2,800 $2,100 $3,550
555551 Educational Incentive $0 $0 $1,500 $0 $1,500
580820 Grants/Aids- Econ Dev $6,140 $6,140 $6,200 $6,200 $6,200
Total Operating $36,845 $56,499 $74,517 $74,517 $83,422
Total Capital $0 $0 $0 $0 $0
TOTAL EXECUTIVE/LEGISLATIVE $711,266 $582,411 $612,491 $612,491 $690,077
39 66
Executive & Legislative 12
Commission 1100
Original Revised
Account FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Number Description of Expenditure Actual Actual Budget Budget Budget
510110 Base Wage- Mayor/Commission $75,330 $75,110 $74,400 $74,400 $74,400
520200 FICA $5,763 $5,746 $5,692 $5,692 $5,692
520240 Workers'Comp $80 $54 $148 $148 $166
Total Payroll $81,173 $80,910 $80,240 $80,240 $80,258
530314 Consulting $0 $0 $0 $525 $0
530411 Communication-Phone $3,840 $4,480 $5,760 $5,760 $5,760
550520 Operating $1,071 $1,282 $750 $750 $1,150
550525 Operating-Small Tools $700 $31 $0 $0 $0
555400 Travel&Per Diem $3,119 $2,194 $10,030 $7,405 $10,030
555470 Printing/Binding $71 $1,038 $1,250 $1,250 $1,550
555480 Promotional/Advertising $1,453 $3,777 $3,655 $5,755 $5,900
555540 Dues/Reg/Pub $10,669 $14,841 $12,254 $12,254 $12,225
580820 Grants/Aids- Economic Dev $6,140 $6,140 $6,200 $6,200 $6,200
Total Operating $27,063 $33,783 $39,899 $39,899 $42,815
Total Capital $0 $0 $0 $0 $0
TOTAL $108,236 $114,693 $120,139 $120,139 $123,073
40 67
Executive & Legislative 12
City Manager 1200
Original Revised
Account FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Number Description of Expenditure Actual Actual Budget Budget Budget
510100 Base Wages/Salaries $257,661 $213,485 $215,141 $215,141 $216,903
510140 Overtime $904 $2,449 $1,053 $1,053 $0
510900 Reimbursements $0 ($25) $0 $0 $0
520200 FICA $18,238 $14,480 $14,579 $14,579 $13,590
520220 Pension DB $57,751 $55,278 $59,145 $59,145 $61,514
520225 Pension DC $3,972 $246 $0 $0 $2,496
520230 Health Insurance $38,805 $25,653 $25,070 $25,070 $36,404
520240 Workers'Comp $268 $224 $392 $392 $418
Total Payroll $377,599 $311,790 $315,380 $315,380 $331,325
530315 Pre/Post Employment $0 $62 $0 $0 $0
530411 Communication- Phone $1,240 $990 $1,080 $1,080 $1,080
550510 Office $378 $630 $500 $500 $500
550520 Operating $489 $1,049 $560 $560 $560
550525 Operating -Small Tools $140 $319 $100 $100 $100
555400 Travel &Per Diem $20 $537 $608 $608 $608
555420 Postage/Freight $17 $288 $200 $200 $200
555470 Printing/Binding $0 $25 $0 $0 $0
555540 Dues/Reg/Pub $50 $3,750 $1,770 $1,770 $1,770
555550 Training $798 $319 $1,000 $1,000 $1,000
Total Operating $3,132 $7,969 $5,818 $5,818 $5,818
Total Capital $0 $0 $0 $0 $0
TOTAL $380,731 $319,759 $321,198 $321,198 $337,143
41 68
Executive & Legislative 12
City Clerk 1210
Original Revised
Account FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
Number Description of Expenditure Actual Actual Budget Budget Budget
510100 Base Wages/Salaries $140,326 $99,890 $102,145 $102,145 $141,100
510140 Overtime $1,835 $2,594 $3,501 $3,501 $2,700
520200 FICA $10,654 $7,766 $8,196 $8,196 $11,122
520220 Pension DB $36,732 $0 $0 $0 $0
520225 Pension DC $3,722 $2,128 $7,926 $7,926 $9,049
520230 Health Insurance $22,229 $20,730 $20,392 $20,392 $30,823
520240 Workers' Comp $151 $104 $194 $194 $278
Total Payroll $215,649 $133,212 $142,354 $142,354 $195,072
530310 Professional $1,000 $4,814 $11,100 $11,100 $11,100
530315 Pre/Post Employment $0 $0 $0 $0 $63
530341 OtherSvcs-Contract/Admin $925 $487 $3,200 $3,200 $3,042
530411 Communication - Phone $160 $0 $960 $960 $960
550510 Office $95 $206 $440 $440 $325
550520 Operating $78 $32 $500 $500 $0
550525 Operating -Small Tools $244 $0 $0 $0 $0
555400 Travel & Per Diem $0 $820 $2,400 $600 $1,500
555420 Postage/Freight $326 $251 $428 $428 $394
555480 Promotional/Advertising $2,005 $6,077 $4,865 $8,865 $11,450
555540 Dues/Reg/Pub $1,338 $1,176 $1,607 $1,607 $1,905
555550 Training $479 $884 $1,800 $1,100 $2,550
555551 Educational Incentive $0 $0 $1,500 $0 $1,500
Total Operating $6,650 $14,747 $28,800 $28,800 $34,789
Total Capital $0 $0 $0 $0 $0
TOTAL $222,299 $147,959 $171,154 $171,154 $229,861
42 69
GENERAL FUND - GENERAL GOVERNMENT OVERVIEW
All Divisions
Original Revised
FY 19/20 FY 20/21 FY 21/22 FY 21/22 FY 22/23
EXPENDITURES Actual Actual Budget Budget Budget
Personnel Services $691,276 $752,756 $246,731 $270,196 $481,914
Operating Expenses ($818,496) ($795,342) ($266,115) ($165,245) ($534,875)
Transfers $2,230,000 $2,480,000 $1,280,001 $1,280,001 $1,275,001
Capital Outlay $0 $21,351 $0 $0 $0
TOTAL EXPENDITURES $2,102,780 $2,458,765 $1,260,617 $1,384,952 $1,222,040
43 70