1 City of Titusville 2013 Performance Highlights Year End Financial Overview 2013

2 City Funds Capital General Refuse Water Sewer Streets Governmental Proprietary

3 Governmental - City Funds Capital General Sewer

4 General Fund , , ,385 -9, ,752 91, ,928 Real Estate Tax Increase FUND BALANCE HISTORY Fiscal Management Changes

5 The General Fund Tax Dollar 62¢ Public Safety Protection to Persons & Property Fire & Police ¢ ¢ ¢ 20¢ Public Works Paving, Snow Removal, Storm Water Management, Street Sweeping & Signs ¢ ¢ ¢ 4¢ Community Programs Culture & Recreation Parks & Recreation, Shade Tree, & Library Contributions ¢ ¢ ¢ 11¢ General Government Council, Mgr, Finance, Treasurer, Legal, & IT ¢ ¢ ¢ 4¢ Debt Service, Employer Paid Benefits, Insurance Equip Loan, Employee Retirement Buybacks, Pension Admin, Liability, Fleet, Flood, Law, & Public Officials Insurances ¢ ¢ ¢

6 Refuse Fund Refuse

7 Refuse Fund ,492 46,077 -4, ,018 26,445 31, ,357 $1.00 per unit rate increase implemented 7/1/2008 FUND BALANCE HISTORY Refuse Hauler Change - 7/1/ ¢ per unit savings

8 The Refuse Fund Dollar 79 ¢ Refuse Collection Service ¢ ¢ ¢ 21¢ Legal & Audit Services, Equipment Leasing, Printing, Inter-Fund Transfers & Administrative Fees ¢ ¢ ¢

9 Water Fund Water

10 Water Fund ,611 85,369 11, ,557 39, ,087 26,200 Last Rate Increase FUND BALANCE HISTORY Started Budget Reserve Transfers to Capital for Projects Fiscal Management Changes $200,000 Transfer to Capital

11 The Water Fund Dollar 18¢ Salaries, Wages, & Employee Benefits ¢ ¢ ¢ 55¢ Insurance, Administration, & Inter-fund Transfers including Capital ¢ ¢ ¢ 23¢ Utilities, Materials & Supplies ¢ ¢ ¢ 4¢ Contracted Services & Equipment ¢ ¢ ¢

12 Sewer Fund Sewer

13 Sewer Fund Balance Comparison 2015 Financial suggestions will include significant Debt Retirement , , , , , , ,083 FUND BALANCE HISTORY WWTP Phase IIIB starting soon

14 The Sewer Fund Dollar 32¢ Salaries, Wages, & Employee Benefits ¢ ¢ ¢ 16¢ Contracted Services & Equipment ¢ ¢ ¢ 15¢ Utilities, Materials & Supplies ¢ ¢ ¢ 37¢ Insurance, Administration, & Inter-fund Transfers including Capital ¢ ¢ ¢

15 Capital Reserve Fund 2013 Completed Projects Finance City Building Central Services Forms Processing Module $3,200 City Wide VoIP Phone System $8,665 City Contribution / City Hall Renovations $39,434 Police Voice Stress Analyzer $3,795 Video Security System $10,899

16 Capital Reserve Fund 2013 Completed Projects Water Fire Water Meters $13,321 Truck 10 Replacement $28,302 Replacement Floors - Day/Bunk Rooms $3,386 Public Works Overhead Garage Doors $9,055 Paint $1,320 Roof Coating $18,562 Tank Inspection $3,420

17 Capital Reserve Fund 2013 Completed Projects Streets Economic Development Trench Shoring Box $2,500 Airport Contribution $2,000 Parks Replace Bridge Railing Over Pond $3,620 Rec Center – Front Porch Repair $3,100

18 Capital Reserve Fund 2013 Completed Projects Contingency Salt Spreader $4,500 City Hall Building Assessment $5,500 Final Payment – Park Comp Plan $1,357

19 Capital Reserve Fund $612,202 $ 277,300 $ 303,875 $ 31,027 Remaining Reserves General Fund Water Fund Sewer Fund $ 165,936 – completed projects

20 Streets – Liquid Fuels Fund Capital Sewer Streets Used 100% for Annual Paving Program 1 mil of 2013 taxes = $ 68, Paving Total = $ 218,976 or 3.2 mils

21 Trend to Consider for GENERAL FUND REVENUE PER CAPITA – GOVERNMENTAL FUNDS $ 477 $ 484 $ 610 $ 638$ 645 $ 619 $ 612 $ 443 $ 421 $ 626 GENERAL FUND EXPENDITURES PER CAPITA – GOVERNMENTAL FUNDS Population 6,146Population 5, $ 17$ 3$ 150$ 44$ 35$ 69$ 110 $ 493 $ 487 $ 760 $ 681 $ 680 $ 687 $

22 Trend to Consider for GENERAL FUND REVENUE PER HOUSEHOLD GOVERNMENTAL FUNDS $ 1219 $ 1239 $ 1565 $ 1651 $ 1524 $ 1461 $ 1440 GENERAL FUND EXPENDITURES PER HOUSEHOLD GOVERNMENTAL FUNDS Number of Households - $ 43$ 7$ 385$ 113$ 83$ 163$ 259 $ 1262 $ 1246 $ 1950 $ 1764 $ 1607 $ 1624 $ ,4032,4012,3972,3752,371 2,379-24

23 * Finance Report, Slides, & 2013 Audit will be posted to the City’s Website. Questions ?