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Home My WebLink About2007 05 03 City Of Winter Springs - Budget/Financial Overview City of Winter Springs Budget / Financial Overview I Background . 1996 State of the City o Embryonic o Immature Management o Unacceptable Turn Over I Background . 1996 Strategic Benchm.arks D Service Excellence in all Areas D Financial Discipline D Workforce Competency and Stability D Openness/Responsiveness D Town Center Development D Corridor Beatification D Information Technology I Background . 1997 Began an Increm.ental Implementation Strategy. . 2007 Today o Winter Springs is recognized nationally, statewide and locally for its accomplishments. lOur Progress to Date & Vision of the Future Could be in Jeopardy . There is broad acknowledgment of the fact that our property tax system is broken and needs to be fixed. . However, statewide surveys show that Florida residents, by a 2 to 1 margin, do not want their services reduced. . Due to our very conservative management philosophy and practices, service levels in Winter Springs will be impacted by even small reductions in property taxes unless mitigation strategies are identified. lOur Progress to Date & Vision of the Future Could be in Jeopardy . The gravity of these reductions will depend upon the final adopted proposals. House Worst Case Proposal $4.8 million reduction Senate Best Case Proposal minimal fltst year I Committee Purpose The purpose of this Task Force shall be as follows: . To become thoroughly familiar with proposed and adopted Property Tax Legislation, and municipal service programs effected by proposed and adopted Legislation, and strategies for mitigating the impacts. I Committee Purpose . To make recommendations to the Mayor and City Commission regarding strategies that should be employed to mitigate the effects of Property Tax Legislation taken by the 2007 Legislative Session including the following: D The reduction and or elimination of services. D The adoption of alternative revenue measures. D Some combination of the above. D Other measures deemed appropriate. I Committee Purpose . To make recommendations to the Mayor and Commission regarding pre-referendum public education strategies that should be employed to provide the public with factual information regarding the impacts of the proposed referendum on the delivery of essential services in the City. I Governmental Accounting . Separate Accounting Entities . Governed by Legal Authority, NCGA-GAAP Standards . Structured By D Type of Revenue Source D Purpose . Far More Restrictive Than Private Sector I Types of Funds Governm.ental Funds: . General . Special Revenue General Purpose Fund Revenue Restricted Fund Solid Waste Debt Covenants Fund 1999 Revenue Bond Issue . Capital Improvements Project Restricted Fund Public Works Facility Capital Improvement Fund . Debt Service I Types of Funds Proprietary Funds: . Enterprise Funds External User Charge Business Focused Funds Utility Fund Storm Water Fund Developmental Services Fund . Internal Service Funds Internal User Charge Business Focused Funds I Types of Funds Fiduciary Funds: . Trust . Agency Independent Management Funds Pension Funds Independent Organization Funds None in Winter Springs I Municipal Budget . Work Program. for the Fiscal Period D Revenues D Appropriations (Expenditures) . Annual Accounting Period D October 1 - September 30 I Budget Governing Structure . State Statutes . City Charter . Debt Instrutnents I Budget Governing Structure . City Policy o Bottom Line Driven o Acid Test Driven o Maintain Minimum Staffing Levels 250/0 Operating Reserve Prohibition against use of Non- Recurring Revenues Operate Flat, Functional, Mission-Driven Organizational Structure I Budget Governing Structure . Gam.es we Don't Play o Do Not Overstate Revenues o Do Not Understate Expenses o Do Not Cherry-Pick Salary Survey Data o Do Not participate in Pension Plans Controlled by the State Legislature and related Legislative Mandates: FRS, Chapter 175/185 I General Fund Revenues . Property Taxes . Utility Taxes & Franchise Fees . State Revenues . Transfers In . Other o Occupational Licenses & Permits o Fine & Forfeitures o Interest o Grants General Fund Revenues g% 190;() I D Ad V alorem~l I i i [] Utility Taxes i I I . I r:J State Revenues. I I 1 D Transfers I imOther I L-~________.~_~_~_~____-' 230/0 I General Fund Expenditures . Public Safety: Police & Fire, Code Enforcement . General Governlllent: Administration, Insurance, Finance, Legal, CRA . Inforlllation Services . Public Works: Road Paving & Maintenance . COllllllunity Development: Planning, Street Lighting, Beautification . Parks & Recreation: Senior Services, Community Events, Recreation Programs, Parks General Fund Expenditures 120/0 60/0 5.1.0/ .0 ~---~--~-~ i D Pubhc Safety i i ".,. ! i ; ! rnI General Gov't i I : I ~ Info Services I i ; I D Public \Vorks I Comni Devlp. I I EI Parks & Rec I . , 6(10 170/0 I Property Tax Revenues Fiscal Year Operating Millage Voted Millage Total % Inc FY 2007 8,207,013 4.2919 211,958 0.1100 8,481,971 12% FY 2006 7,357,746 4.6126 219,160 0.1374 7,576,906 17% FY 2005 6,126,765 4.3000 356,207 0.2500 6,482,972 9% FY 2004 5,641,000 4.3000 325,400 0.2500 5,966,400 18% FY 2003 5,065,300 4.1658 - - 5,065,300 19% FY 2002 4,273,800 3.7708 - - 4,273,800 16% FY 2001 3,676,262 3.5400 - - 3,676,262 9% FY 2000 3,358,469 3.5495 - - 3,358,469 7% FY 1999 3,136,990 3.5495 - - 3,136,990 Avg. 13% I General Fund Personnel Costs Fiscal Year Amount %Inc FY 2007 14,160,494 10% FY 2006 13,106,500 8% FY 2005 12,104,009 7% FY 2004 11,332,145 6% FY 2003 10,662,050 14% FY 2002 9,376,800 Avg. 9%