“Taking It to the Next Level” West Palm Beach February 15, 2019 Once the process is done, the Commission will have to vote on the Millage rate and then the Budget.

Property Value Trends (In Billions)

Where the money comes from….

General Fund Revenues FY17 Actual FY18 Budget FY19 Budget % Variance 18 vs 19 Property Taxes 68,593,712 75,110,529 78,283,640 4.2% License & Permits 12,346,208 15,765,756 16,207,317 2.8% Intergovernmental 22,146,710 23,386,809 25,412,526 8.7% Charges for Services 36,095,120 36,099,843 37,874,655 4.9% Fines & Forfeitures 1,002,656 986,500 1,041,950 5.6% Transfers 319,737 140,183 (56.2)% Interest 480,376 400,000 570,000 42.5% Miscellaneous 1,284,208 1,761,030 1,924,070 9.3% Other Taxes 21,063,853 21,495,260 20,591,126 (4.2%) Carryforward-FB - 2,500,000 4,382,884 75.3% Total $163,332,580 $177,825,464 $186,428,351 4.8%

Where the money goes….

General Fund Expenditures FY17 Actual FY18 Budget FY19 Budget % Variance 18 vs 19 Personnel Services 110,217,953 116,570,523 120,767,750 3.6% Materials & Services 27,447,936 34,169,292 36,366,627 6.4% Internal Service Charges 12,027,874 12,509,252 14,118,904 12.9% Capital 226,494 832,000 542,500 (34.8%) Debt Service 5,845,903 9,822,053 11,004,144 12.0% Grants & Aids 624,293 488,494 480,744 (1.6%) Transfers 7,463,740 3,433,850 2,147,682 (37.5%) Reserves & Contingency - 1,000,000 Total $163,854,191 $177,825,464 $186,428,351 4.8% The rollback rate is 7.9041. That would generate the same amount of property tax revenue as last year.

All Funds Budget (In Millions)   FY 2019 FY 2018 Change $ Change % General Fund 186.4 $177.8 8.6 4.8% Utility Fund 140.1 150.3 (10.2) (6.8%) Storm water Fund 22.2 30.1 (7.9) (26.2%) Parking Fund 7.3 7.0 0.3 4.3% Debt Service Funds 1.6 1.5 0.1 6.7% Capital Improvement Funds 13.5 8.0 5.5 68.8% Internal Service Funds 65.8 64.0 1.8 2.8% Special Revenue Funds 30.0 25.5 4.5 17.6% City Budget (Internal) $466.9 $464.2 $2.7 0.6% Golf Course Fund - (1.8) (100%) CRA Funds 61.9 58.8 3.1 5.3% ECR Funds 90.4 50.1 40.3 80.4% Total Citywide Budget $619.2 $574.9 $44.3 7.7%

Reserves Fund Balances as of 9/30/17: Nonspendable $5,680,710 Restricted $2,380,295 Committed (Emergency Reserves) $14,541,855 Assigned (CF Budgets) $4,334,006 Unassigned/Available $19,047,802 Total Fund Balances: $45,984,668

Fund Balance

New initiatives to get YOU paid faster Moving forward we want all vendors to sign up to receive their payments via direct deposit. Sign up is easy and it will result in faster payment of invoices. Please call Marshall Jennings at 561.822.1331 for more information.

Things you can do to get paid faster Send invoices directly to Accounts Payable at wpbap@wpb.org Develop a contact in the department and in Accounts Payable Make sure the name of vendor being paid matches the invoice If you have a Purchase Order, include the number on the invoice If you experience any problems, call me direct @ 561.822.1322

Questions?