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

2. 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 Presentation  Long Term Financial Planning Presentation June  Revenue Source Presentation  Property Tax Presentation

3. Budget Preparation Timeline July  General Fund Budget Workshop  Adopt Proposed 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

4. Where we started Budget by fund

5. Where we started General Fund

6. Where we started Revenue by source

7. Where we started Expenditures by function

8. Where are we now? Revenues Overall revenues are tracking on budget General Fund Water/Wastewater Solid Waste Stormwater

9. Where are we now? Revenues Building revenues are tracking ahead of budget Water Impact Fees Wastewater Impact Fees Recreation Impact Fees Fire Impact Fees Transportation Impact Fees Zoning Fees Planning Fees

10. Where are we now? Revenues Building Permit Revenue

11. Where are we now? Revenues Number of Permits Issued

12. Where are we now? Tax revenue from the State through March 2014

13. Where are we now? Expenditures Overtime 10 division are ahead of budget for overtime Four major causes have been identified Staffing vacancies42% Starlight tornado27% Operational needs23% Increase in development8% Not anticipated to be an issue at this time

14. Where are we now? Expenditures Capital Projects Capital projects are being overseen by the Infrastructure Team All projects are meeting budget expectations Project timeline is being updated quarterly

15. What’s New? New “Finance Reports & Documents” section on the City Website Presentations - Financial Reports - Quarterly Progress Reports & More! New “Finance Reports & Documents” section on the City Website Presentations - Financial Reports - Quarterly Progress Reports & More!

16. What’s New? Budget at a Glance

17. What’s New? Staff is now participating in the government finance officers association (GFOA) budget reviewer program Staff is now participating in the government finance officers association (GFOA) budget reviewer program

18. What’s New? Long Range Financial Planning Process Defined

19. Finance Review Budget compliance review YTD budget review with department Memo to City Manager regarding findings Department Review Review performance measures Prepare quarterly progress report Schedule meeting with City Manager Annual Strategic Action Plan Review Annual Progress Report Annual Budget City Manager Review Budget YTD review and findings by finance Performance measures review Quarterly progress report What’s New? Quarterly Review Process Continues to Improve

20. What’s Next? May 13 th - Fund Review Presentation 27 th - Long Term Financial Planning Presentation June 10 th - Revenue Source Presentation 24 th - Property Tax Primer Presentation July 8 th - Budget Workshop - General Fund 15 th - Budget Workshop - Adopt Proposed Millage Rate 29 th - Budget Workshop - Proprietary Funds August 12 th Budget Workshop – Special Revenue Funds & Capital Funds 26 th - Final Proposed Budget Presentation September 3 rd - Public Hearing to tentatively adopt millage rate and budget 17 th - Final Public Hearing to adopt final millage and budget

21. Questions & Discussion