Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst

Budget Preparation Timeline January  First Quarter Review February  Financial Audit March  Presentation of Annual Progress Report and Citizen Survey Results  Revise 10 Year Infrastructure Plan April  Presentation of the Year to Date Budget  Second Quarter Review  Budget Input Begins for Departments May  Annual Update of the Strategic Action Plan  Fund Accounting Presentation  Long Term Financial Planning Presentation June  Revenue Source Presentation  Property Tax Presentation

Budget Preparation Timeline July  General Fund Budget Workshop  Adopt Proposed Maximum Millage Rate  Proprietary Funds Budget Workshop  Third Quarter Review August  Special Revenue & Capital Fund Budget Workshop  Final Proposed Budget Presentation September  Public Hearing to Tentatively Adopt Millage Rate & Budget  Public Hearing to Adopt Final Millage Rate & Budget

Total City Revenues Fiscal Year 2014

Services Provided through Property Taxes Fiscal Year 2014 $15.2 Million Ad Valorem Taxes

Millage Rate History Fiscal YearProperty ValueOperating MillageCapital MillageTotal Millage Ad Valorem Receipts ,773,378, ,981, ,983,740, ,539, ,404,239, ,855, ,107,581, ,207, ,444,854, ,632, ,239,994, ,603, ,009,877, ,184, ,131,965, ,602, ,246,998, ,828, ,463,085, ,048, ,891,594, ,000, ,646,122, ,120, ,690,312, ,203,633 Change (3,319,564,564)1.9809(.6727) (4,980,707) Percentage Change(47%)---(24%) FY 2015 Taxable Value $3,895,717,814 * Percentage Change FY %

Millage Rate Options

2014 Millage Rates RankingCityPopulationMillage RateTaxable Value Property Tax Collections Public Service Taxes 1Weston65, $6,706,786,482$13,413,573Yes 2Boca Raton86, ,272,211,53259,098,599Yes 3Palm Coast77, ,690,312,85715,759,481No 11 Daytona Beach 61, ,278,489,00023,722,163Yes 18Fort Myers67, ,206,426,92036,915,603Yes Survey of Cities between 60K-90K Population 18 Cities with Millage

2015 Maximum Millage Rate Proposal

City-Wide Personnel

Personnel per 1,000 Population

General Fund Totals Revenues overall are tracking on budget for FY 14

Solid Waste Fund

Golf Course Fund

Tennis Center Fund

Information Technology Fund

Building Permits Fund

Utility Fund

Utility Fund Water Operations Summary

Stormwater Fund

CDBG Grant Fund

Police Education Fund FY 2015 request will cover the cost of tuition and lodging for advanced and specialized training which includes Strategies in Sex Assault Investigation, Advanced Crime Scene Response and Investigation, Advanced Narcotics Identification and Detection, Tactical Narcotics Technician training, Specialized Criminal Intelligence, Crime Prevention, Firearms, Defensive Tactics and more.

Police Automation Fund 2014 Expenditures: Lapel cameras for officers ($76,500) *2015 Changes: Flagler County is now retaining revenue for use towards the county-wide emergency communication system

Disaster Reserve Fund Disaster Reserve Fund Balance Policy The Disaster Reserve can be used to address unanticipated expenditures arising out of a hurricane, tornado, other major weather related events, and/or other massive infrastructure failures or other disasters, whether man-made or caused by nature, using emergency procedures as provided for in the City's Purchasing Policy.

Special Events Fund

NSP 1 Grant Fund

NSP 3 Grant Fund

OKR Special Assessment Fund

OKR Special Assessment Fund Capital Improvement Plan

BAC Fund

Health Insurance Fund

Fleet Fund

Fleet Fund Capital Improvement Plan

Utility Capital Improvements Fund *Items in blue at least partially funded by grant

Utility Capital Improvements Fund *Items in blue at least partially funded by grant

Stormwater Fund Capital Improvement Program 2014 Budget vs. Estimated

Stormwater Fund Capital Improvement Program

Streets Improvement Fund *Items in blue funded by grants

Streets Improvement Fund *Items in blue at least partially funded by grants

Recreation Impact Fee Fund

Fire Impact Fee Fund

Development Special Projects Fund

Transportation Impact Fee Fund

SR100 CRA Fund

Capital Projects Fund *Items in blue at least partially funded by grants

City of Palm Coast Budget (1 of 2) General Fund$ 27,477,122 CDBG Fund696,439 Police Education Fund30,000 Police Automation Fund145,000 Disaster Reserve Fund2,177,207 Special Events Fund249,850 Streets Improvement Fund21,075,495 Recreation Impact Fee Fund300,000 Fire Impact Fee Fund83,447 Development Special Projects Fund580,000 Transportation Impact Fee Fund988,000 Neighborhood Stabilization Fund100,000 Business Assistance Center Fund70,225 SR100 Community Redevelopment Fund1,535,988

City of Palm Coast Budget (2 of 2) OKR Special Assessment Fund389,435 Capital Projects Fund 12,382,253 Utility Fund33,823,780 Utility Capital Projects Fund12,919,000 Solid Waste Fund7,373,520 Stormwater Management Fund7.762,071 Building Permits & Inspections Fund2,730,683 Golf Course Fund1,532,746 Tennis Center Fund327,575 Information Technology & Communications Fund2,563,605 Health Insurance Fund3,381,245 Fleet Management Fund4,850,129 Sub-Total Budget$145,544,915 Less: Interfund Transfers and Charges$16,438,143 Total Budget$129,106,772

Total City Revenues 2014 Projected vs Proposed

Services Provided through Property Taxes 2014 Projected vs Proposed

2015 Adopted Millage Rate Proposal

Recommended Millage Rate

Tentative Budget Schedule September 9 th - (5:05pm) Public Hearing to tentatively adopt millage rate and budget 23 rd – (5:05pm) Final Public Hearing to adopt final millage and budget Please Note Date Changes