1. “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.

2. Property Value Trends (In Billions)

3. Where the money comes from….

4. 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%

5. Where the money goes….

6. 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 That would generate the same amount of property tax revenue as last year.

7. 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%

8. 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

9. Fund Balance

10. 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 for more information.

11. Things you can do to get paid faster
Send invoices directly to Accounts Payable at
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

12. Questions?