[ROLL CALL]
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EVENING, LADIES AND GENTLEMEN, WELCOME TO THIS VILLAGE OF INDIAN TOWN VILLAGE COUNCIL WORKSHOP. JULY 27TH. IF WE COULD HAVE THE ROLL CALL, PLEASE. MAYOR GIBBS THOMAS HERE BY SMEAR STONE COUNCIL MEMBER HERNANDEZ HERE. COUNCIL MEMBER APOLLO COUNCIL MEMBER PEREZ HERE. JUST A QUICK NOTE FOR THOSE IN ATTENDANCE. YOUR CELLPHONES. IF YOU WOULD PLEASE PUT THEM ON SILENT. ALSO YOUR BATHROOMS ARE TO THE LEFT THROUGH THE DOOR. THEY'RE ALSO YOUR EXITS ARE NOTATED BY EXIT SIGNS IF THEY ARE NEEDED SPEAKER FORMS. IF YOU WISH TO SPEAK, THERE WILL BE TWO OPPORTUNITIES THIS EVENING. FIRST IS PUBLIC COMMENT ON ANYTHING THAT IS NOT ON THE AGENDA. MAKE SURE THAT YOU GET A PUBLIC UM COMMENT CARD. FILL IT OUT AND GIVE IT TO OUR CLERK HERE ON YOUR LEFT. AND ALSO ON A PARTICULAR ITEM. IF THE SAME PROCEDURE GRAB A COMMENT CARD, FILL IT OUT WITH THE ITEM YOU WISH TO SPEAK ON AND GIVE IT TO OUR CLERK. WHEN YOU COME TO THE MIC, IF YOU WOULD PLEASE MAKE SURE THAT IT IS ON STATE YOUR NAME FOR THE RECORD. THE
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INVOCATION THIS EVENING. UH I WILL DO. PLEASE STAND FOR IT AND REMAIN STANDING FOR THE PLEDGE OF ALLEGIANCE. DEAR HEAVENLY FATHER, WE COME TO YOU THIS EVENING PRAISING YOU AND THANKING YOU FOR WHO YOU ARE, LORD AND FOR THE WORK THAT YOU'RE DOING IN THIS COMMUNITY FATHER HELP US THIS EVENING AS WE LOOK FORWARD TO THE NEXT YEAR. AND OUR BUDGET. AND WE APPRECIATE, UM. WE APPRECIATE YOUR GUIDING HAND ON THIS COUNCIL. IN JESUS' NAME. WE[PLEDGE OF ALLEGIANCE]
PRAY. AMEN. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD. INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL.MADAM CLERK. ARE THERE ANY ADDITIONS, DELETIONS PULLED ITEMS OR OTHER MODIFICATIONS? NO, MADAM MAYOR. THANK YOU. AH I SEE NO PROCLAMATIONS. COMMENTS BY VILLAGE COUNCIL MEMBERS.
[COMMENTS BY VILLAGE COUNCIL MEMBERS]
COUNCIL MEMBER PEREZ. GOOD EVENING. THANK YOU ALL FOR JOINING US. COUNCIL MEMBER TO PAULA. YEAH. COUNCIL MEMBER, HERNANDEZ. GOOD EVENING, EVERYONE. THANK YOU. ITS BUDGET SEASON AS YOU CAN TELL, UM, AND I'M EXCITED FOR THIS BUDGET SEASON. THANK YOU. AND VICE MAYOR STONE. GOOD EVENING. THANK YOU FOR JOINING US. AND I'LL JUST ECHO THAT APPRECIATE EVERYBODY BEING HERE THIS EVENING FOR THIS PROCESS. ANY COMMITTEE REPORT. SAYING NONE COMMENTS, BAR VILLAGE MANAGER MA'AM SAYING NONE ANY PUBLIC COMMENTS. NO MATTER MAYOR. OKAY,[APPROVAL OF AGENDA ]
WE'RE MOVING RIGHT ALONG. DO I HAVE A. MOTION FOR APPROVAL OF AGENDA MOVE. MOTION HAS BEEN MADE BY VICE MAYOR ANY 2ND 2ND HAS BEEN MADE BY A COUNCIL MEMBER DECARLO ANY COMMENT PUBLIC COMMENT ALL IN FAVOR. PASSED UNANIMOUSLY ONTO OUR DISCUSSION ITEM. AND THE REASON[1.
FY 2023-2024 Budget Workshop Presentation
]WE'RE HERE THIS EVENING OUR PHYSICAL YEAR 2023 2024 BUDGET WORKSHOP PRESENTATION. YES, MA'AM. I'M GONNA DO THE LEAD IN AND THEN I'M GONNA KICK IT OVER TO MR FLORIO. UM TO GET INTO MORE OF THE DETAIL THAT WE HAVE HERE PRESENTED TO YOU TONIGHT. CAN YOU RUN THE PRESENTATION? YOU WANT ME TO DO IT? I'LL GRAB IT, WHEREAS OTHERS THE QUESTION. WOULD BE EASIER UNLESS YOU WANT ME TO STAND AT THE PODIUM. I'M HAPPY TO DO EITHER. SO WHAT DO I CLICK? DOWN. OKAY. GOTCHA. SO AS YOU KNOW, WE'RE HERE THIS EVENING FOR THE FISCAL YEAR 2020 FOR BUDGET WORKSHOP. IT'LL START UH, OCTOBER 1ST OF 2023 AND GO THROUGH SEPTEMBER 30TH OF 2024. I DID IT DOWN ARROW. FOR MAKING THIS DIFFICULT UP CLEAR. CAN YOU GET IT TO GO DOWN? YOURSELF. YEAH, I'M TRYING.[00:05:11]
THERE IT GOES. THERE IT GOES. SO WE'RE JUST TONIGHT OR THIS EVENING. WE'RE GOING TO BE LOOKING AT THE VILLAGE OF INDIAN TOWN. I'D LIKE TO GIVE JUST SOME HISTORY OF WHAT YOU'VE GOT RELATIVE TO YOUR TAX BASE. PARCELS HOW THOSE PARCELS ARE BROKEN OUT AND YOUR TAX WILL VALUES SO THAT YOU HAVE SOME IDEA OF THE MAKEUP. IF YOU WILL OF THOSE INDIVIDUALS THAT ARE PAYING TAXES HERE TO THE VILLAGE OF INDIAN TOWN, AND THEN OUR MILITARY RATE RECOMMENDATION, AND THEN MR FLORIO GET INTO THE REVENUE ANALYSIS AND SOME OF YOUR EXPENDITURE BREAKDOWNS. SO WHEN YOU LOOK AT THE WHAT THE PROPERTY APPRAISER HAS PROVIDED TO US, THEY GO THROUGH THIS, UH , EVALUATION, WHICH ENDED DECEMBER 31ST OF LAST YEAR. SO IT'S IMPORTANT. YOU KNOW, I HEAR PEOPLE FROM TIME TO TIME. SO WE PUT UP ALL THIS NEW STUFF AND WHY AREN'T OUR TAX HAS GONE UP HIGHER? IT'S BECAUSE IT'S LOOKING AT THE PRIOR YEAR. SO ANY BUSINESS THE ONLY BUSINESS YOU HAD THAT CAME ONLINE IN THAT TIMEFRAME LAST YEAR WAS TRACTOR SUPPLY. SO NOW THEY'RE ADDED TO YOUR TAX BASE. AND SO THEN YOU HAVE YOUR EXEMPTIONS. THERE'S VARIOUS EXEMPTIONS THAT ARE APPLICABLE FOR INDIVIDUALS TO APPLY, AND SO WHEN YOU LOOK AT THAT, THEN SHE ESTABLISHES YOUR TAXABLE VALUE. AND THEN WE LOOK AT NON HOMESTEAD PROPERTY. THEY DO HAVE A 10% CAPS. SO EVEN THOUGH THEY'RE NON HOMESTEAD HOMESTEAD IS RESTRICTED TO GO UP CP OR 3, WHICHEVER IS LESS. AND THEN THAT STATE SET BY THE STATE HOW MUCH THAT GOES UP THOSE HOMESTEAD PEOPLE AND THE HOMES THAT ARE NOT HOMESTEAD CAN GO UP , BUT THEY THEY'RE KEPT THAT 10. SO I LIKE TO LOOK AT THE DIFFERENCE BETWEEN JUST VALUE. WHICH IS THE VALUE OF EVERYTHING. COMPARED TO YOUR TAXABLE VALUE, WHICH ARE THOSE EXEMPTIONS. BECAUSE FOR ME, IT'S INTERESTING TO SEE HOW MUCH THOSE EXEMPTIONS ARE TAKING OFF OF YOUR TAX BASE AND SHIFTING OVER TO THE NON THOSE INDIVIDUALS THAT DON'T HAVE THOSE EXEMPTIONS. SO. THE REASON THAT'S IMPORTANT FOR ME IS IF WE DID NOT HAVE THOSE EXEMPTIONS, AND EVERYBODY PAID THE SAME. YOU KNOW, BASED ON THEIR TAX WILL VALUES YOU COULD GET ANOTHER HALF OF A MILLION DOLLARS INTO YOUR COFFERS. BUT THAT'S NOT THE CASE WHERE WE HAVE THE SAVE OUR HOMES. WE HAVE THESE OTHER EXEMPTIONS. AND SO IT DOES IMPACT YOUR BUDGET WHEN YOU HAVE THESE EXEMPTIONS. UH, WHATEVER THEY ARE BUT. YEAH SO THIS HERE IS A BREAKDOWN OF YOUR PARCELS. SO YOU LOOK AT YOUR LARGEST PIECE OF THIS PIE HERE. 68.55% THAT'S RESIDENTIAL. AND FOR ME, THAT'S IMPORTANT BECAUSE WHEN YOU LOOK AT PERSONAL PROPERTY, THE GOLD COLOR THAT'S ONLY 12.1% OF YOUR PARCELS. AND THEN YOUR NEXT BIGGEST ONE IS YOUR COMMERCIAL INDUSTRIAL AND THOSE WITH THE 216, WHICH WAS 7.57. AND THEN. WHEN YOU LOOK AT YOUR TAXABLE VALUES. THEY'VE GONE UP. SO THEY WENT UP 353,000,999 AND 262. 209 199,262, WHICH WAS 17.8. AND THAT'S REALLY SIGNIFICANT. BECAUSE. WE NEEDED THAT BECAUSE THE PRIOR TWO YEARS YOU ACTUALLY WENT DOWN IN YOUR TAX BASE. BECAUSE OF FLUCTUATIONS. AND SO THIS WAS REALLY GOOD FOR US TO SEE BECAUSE WE WOULD LIKE TO SEE THAT CONTINUAL INCREASE IN YOUR TAXABLE VALUES. SO THE MILITARY RATE IS WHAT THE VILLAGE TAX RATE IS, AND IT'S APPLIED YOUR TAXABLE VALUE. IT'S BEEN 1.6306 SINCE 2019. IT HAS STAYED CONSTANT WHEN YOUR TAX WILL VALUES DECREASED. LAST YEAR, BASED ON HOW MUCH YOUR TAX WILL VALUES DECREASED, COLLECTED $57,000 LESS THAN YOU DID THE YEAR BEFORE, BECAUSE YOU KEPT THE MILITARY RATE THE SAME. WHEN WE TALK ABOUT ROLLBACK RATE LAST YEAR, YOUR ROLLBACK RATE WOULD HAVE INCREASED YOUR MILITARY BECAUSE OF THAT DECREASE. BUT BECAUSE YOU LEFT YOUR VILLAGE THE SAME. YOU HAD LESS REVENUE.SO, WITH THE INCREASE IN YOUR TAXES VALUE, YOU CAN KEEP YOUR MILITARY THE SAME. IT WILL PROVIDE YOU AN EXTRA $448,000 THAT YOU CAN PUT INTO RESERVES FOR FUTURE CAPITAL PROJECTS MATCHES FOR CAPITAL PROJECTS WHATEVER. THIS SITUATION IS AND THOSE WILL COME TO YOU AS WE'RE ALLOCATING THOSE FUNDS, SO IT'S NOT LIKE THEY'RE JUST GOING TO GO SOMEWHERE AND YOU'LL NEVER SEE HIM AGAIN. WE WILL KEEP TRACK OF THEM AND THEY'LL BE COMING BACK TO YOU FOR APPROVAL.
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I HAD HEARD FROM THE PROPERTY APPRAISER'S OFFICE NEXT YEAR BECAUSE THIS CURRENT YEAR IN 2023 THEY'RE GOING TO BE DECOMMISSIONING THE SOLAR FIELD , THE OLD SOLAR FIELD. THAT'S PROBABLY 10 OR MORE YEARS OLD. WHEN THEY DO THAT NEXT YEAR'S TAX BASE IS GOING TO SEE A 9.3% REDUCTION. IT'S GONNA HIT US 355,000 LESS IN AVALON TAXES JUST FROM THAT IF WE KEPT IT IF OUR TAX BASE STAYS THE SAME, I'M ANTICIPATING YOUR TAX BASE IS GOING TO GO UP. AND SO WHATEVER THAT NET IS, IT'S GOING TO GO UP ACCENT, BUT IT'S GOING DOWN THIS SO WHERE ARE WE GOING TO BE IN THE MIDDLE, SO WE NEED TO BE PREPARED FOR THAT NEXT YEAR. AND THEN WHEN YOU LOOK AT THE ROLLBACK RATE CALCULATION YOU'RE GOING TO SEE EVEN THOUGH WE KEPT OUR VILLAGES SAYING YOU'RE GOING TO SEE THIS 2.9% INCREASE OVER YOUR TAX IN A TAX RATE BECAUSE OF THE ROLLBACK RATE. SO EVEN THOUGH IT'S TALLAHASSEE DOESN'T DO US ANY FAVORS AND SOME OF THIS STUFF BECAUSE IT'S VERY COMPLICATED AND HOW YOU GET IT COMMUNICATED. SO WHEN WE PUT THE AD IN THE PAPER, WE'RE ACTUALLY GOING TO BE SHOWING A TAX INCREASE. BECAUSE IT'S GOING TO BE BASED ON THIS ROLLBACK RATE AND THE INCREASE IN THE ROLLBACK RATE AND PART OF THAT INCREASE WAS LAST YEAR BECAUSE YOU DIDN'T INCREASE YOUR MILITARY FOR THAT ROLLBACK RATE, SO IT'S LIKE I SAID, IT'S A WHEN FOLKS READ THAT TAX INCREASE OR LIKE, BUT I'M KEEPING THE MILLAGE THE SAME . YES, BUT ITS REFLEXES A TAX INCREASE. SO I JUST I KNOW THAT THAT'S PROBABLY GETTING INTO THE WEEDS A LITTLE BIT, BUT I THINK IT'S IMPORTANT FOR INDIVIDUALS TO UNDERSTAND SOME OF THIS STUFF. WE'RE REQUIRED TO DO IT'S NOT WERE REQUIRED TO REPORT THINGS IN A CERTAIN WAY, WHERE REQUIRED TO PUT THE ADS IN THE PAPER CERTAIN WAY AND WERE REQUIRED TO PUT THE BUDGET TOGETHER IN A CERTAIN WAY. SO WHEN YOU LOOK AT YOUR TAX WILL VALUES YOU HAD THAT INCREASE OF 300. 53 MILLION. UM 232 MILLION OF THAT INCREASE CAME FROM YOUR TANGIBLE PERSONAL PROPERTY OR TPP. THAT'S PRIMARILY FP AND L AND THOSE OTHER INDIVIDUALS THAT POSSIBLY HAVE SOME T P AND P UM , FOR INSTANCE, BLUE STREAM, UH , HAS ABOUT $2 MILLION WORTH OF INVENTORY SITTING ON THEIR PROPERTY OF FIBER. AND SO THAT WOULD BE APPLICABLE FOR TANGIBLE PERSONAL PROPERTY. IN NEW CONSTRUCTION OR VALUATION CHANGE . YOU HAD 8 MILLION, WHICH WAS REPRESENTS 6.6 OF THAT 35% THAT WE'RE SHOWING ON THEIR INCREASE IN REAL PROPERTY. PART OF THAT WAS THE TRACTOR SUPPLY. ANOTHER PART OF THAT WAS THE TWO MAJOR CHUNKS WERE, UM, A PIECE OF PROPERTY THAT WAS INITIALLY ZONED AG THAT WAS RECENTLY ACQUIRED AND WAS REZONED FOR RESIDENTIAL. AND SO THAT AG EXEMPTION FLIPPED AND WE GOT THE BENEFIT OF THAT ADDITIONAL TAX BASE. SO WHEN YOU THINK ABOUT OKAY, WHAT DO I PAY IN TAXES HERE AT THE VILLAGE AT THIS 1.6304. MILITARY FOR EVERY $50,000 OF TAXABLE VALUE THAT THE VILLAGE HAS RECEIVED $81.52 ANNUALLY TO THE VILLAGE. I GOT FROM THE PROPERTY APPRAISER, YOUR AVERAGE RESIDENTIAL TAXABLE VALUE IN THE VILLAGE. IS 61,008 70. SO IF THEY HAD THAT $50,000 HOMESTEAD EXEMPTION THEN THEY'RE ROUGHLY PAYING $19.35 ANNUALLY SO YOU CAN SEE HOW THOSE EXEMPTIONS AND RIGHTFULLY SO. IT HELPS THE THAT WAS THE WHOLE PURPOSE FOR SAVE OUR HOMES. AND THEN I DO THE CALCULATION. IF YOU DON'T HAVE THAT HOMESTEAD EXEMPTION, THEN YOU'RE PAYING ROUGHLY $100 ALMOST 100 $1. BUT WHAT I FOUND REALLY INTERESTING FACT. IS THAT 27.25% OF YOUR TAXES, TAXABLE VALUE THAT IS RESIDENTIAL HOMESTEAD. THERE'S ONLY 27.25% OF YOUR RESIDENTIAL HOMESTEAD VALUES. COMPARED TO 72.75. THAT IS NON HOMESTEAD. SO . I JUST FOUND THAT AS A AS A REALLY INTERESTING PIECE OF THE PUZZLE BECAUSE I KNOW YOU GOT A LOT OF RENTALS OUT HERE. OF COURSE, THOSE WOULD NOT BE ABLE TO QUALIFY FOR HOMESTEAD AS LONG AS THE PROPERTY APPRAISERS USUALLY PRETTY DILIGENT ON THAT. SO I JUST FOUND THAT OUT AS A AS AN INTERESTING PIECE OF THE PUZZLE WHEN I'M TRYING TO FIGURE OUT OKAY FROM A RESIDENTIAL STANDPOINT, WHAT ARE WE? WHAT DO WE HAVE OUT THERE SINCE THEY CONSUME MOST OF YOUR PARCELS? SO IF YOU GO BACK TO THE FIRST CHART THAT I SHOWED YOU WITH THE PARCELS NOW WE'RE LOOKING AT WHAT IS THE TAX WILL VALUE OF THOSE SAME SIX CATEGORIES. AND BEFORE THE RESIDENTIAL, WHICH IS THE MAROON COLOR. WAS YOUR[00:15:02]
LARGEST PIECE OF THE PIE. AT 68.55% BUT NOW THEY'RE ONE OF YOUR SMALLEST PIECES. OF PAYING TAXES IN THE VILLAGE. WITH YOUR LARGEST BEING THAT, UM, TANGIBLE PERSONAL PROPERTY. AND THEY WERE ONLY 12% OF YOUR PARCELS. IT'S ONLY 12% OF YOUR PARCELS ARE PAYING 86% OF YOUR TAXES. WELL, IT JUST SHOWS YOU WHY DIVERSIFICATION OF YOUR TAX BASE IS IMPORTANT. AT LEAST I BELIEVE FOR THE VILLAGE BECAUSE WHEN YOU TAKE THESE BIG HITS IT REALLY IMPACTS YOU. AND THEN THIS IS THE TAX. THIS IS HOW OUR AVALON TAXES. ARE BROKEN DOWN. IT'S THE SAME PERCENTAGE AS YOU SAW IN THE PRIOR CHART. IT'S JUST I THOUGHT IT WAS USEFUL FOR YOU TO KNOW THAT YOU KNOW OF THAT TANGIBLE PERSONAL PROPERTY. WE GET 3.1 MILLION. COMPARED TO 187,537 FROM RESIDENTIAL. IN TAXES THAT ARE COLLECTED YOUR ADVIL ARM TAXES. SO. ANYBODY HAVE ANY QUESTIONS OR I KNOW THAT'S A LOT OF INFORMATION, BUT I JUST WANTED TO BE ABLE TO START PROVIDING YOU WITH THE BASIS OF HOW THIS BUDGET WAS PUT TOGETHER. AND WHAT WE'RE LOOKING AT FROM A FINANCIAL PERSPECTIVE RELATIVE TO WHAT WE HAVE OUT HERE IN THE VILLAGE IN THIS MAKEUP OF RESIDENTIAL TANGIBLE PERSONAL PROPERTY. INDUSTRIAL, ETCETERA, ETCETERA. I WANT TO THANK YOU FOR PUTTING THAT TOGETHER LIKE THAT. BASICALLY YOU CAME TO THE NUTS AND BOLTS OF WHAT I'VE BEEN TRYING TO SAY FOR THE LAST SIX MONTHS. OKAY, THAT'S WHY I WANTED A TO REVISIT GATED COMMUNITIES AND ALL THAT.PERFECTLY DONE. THANK YOU. MICHAEL, YOU WANT TO SIT HERE? YOU WANNA GO UP THERE? SO I'M GONNA TURN OVER MR FLORIO. HE'S DONE THE NUTS AND BOLTS OF THIS BUDGET AND BEEN WORKING AS REAR END OFF AND WORKING LOTS OF HOURS TO GET THIS BUDGET DONE, SO I APPRECIATE MY CUE. DOING THIS. YOU AND YOUR TEAM. MAYOR COUNCIL MIKE FLORIO, FINANCIAL SERVICES DIRECTOR. THANK YOU.
AH, JUST AN OVERVIEW HERE WITH THIS BUDGET, AND WE'LL TAKE A LOOK AT SOME OF THE DETAILS AND SUBSEQUENT SLIDES. UH WE HAVE A BIG CHANGE FROM CURRENT YEAR CURRENT YEAR WE DIDN'T REALLY HAVE ANY CAPITAL IMPROVEMENT. WHAT A DIFFERENCE A YEAR MAKES. UH WE HAVE BEEN VERY SIGNIFICANT CAPITAL SCHEDULE THAT YOU'LL SEE YOUR SHORTLY. UH NEXT YEAR WE'RE LOOKING AT ALL TOLD THEM WAS $28 MILLION OF PRIMARILY GRANT FUNDED PROJECTS. AS YOU KNOW, WE HAVE SEVERAL DIFFERENT SCENARIOS THAT HAVE COME INTO FOCUS, PARTICULARLY THE NEED FOR NEW WATER PLANT NEEDS FOR WATER.
MAIN REPLACEMENTS A NEW SEWER PLANT. UM SIGNIFICANT PROJECTS WITH PUBLIC WORKS. DRAINAGE DESIGN. IT'S PRETTY AMAZING. UM SO OUR GENERAL FUND AGAIN TOTAL BUDGET PROPOSED OF 37.336 MILLION AGAIN. THIS IS TENTATIVE. THIS IS SUBJECT TO CHANGE. WE HAVE A LITTLE BIT OF TIME BEFORE THE FIRST HEARINGS IN SEPTEMBER TO CONFIRM AND VALIDATE ALL THIS AS FAR AS WHAT WILL BE SUBMITTED TO YOU FOR FINAL ADOPTION. BUT THIS IS THE OVERVIEW OF 6.4 MILLION GENERAL FUND. WATER AND SEWER FUND OF 2.5 MILLION AND AGAIN THE CAPITAL PROJECTS. 28,000,005 0.3 MILLION. I JUST PUTTING A FOOTNOTE HERE AND WE'LL TALK ABOUT IT AND THEN WHEN WE GET TO THE CAPITAL PROJECT SCHEDULE THAT'S UNFUNDED. UM IN THE C I P PLAN. WE'RE STARTING OUT. UM NEXT YEAR, WITH THE INITIAL COST FOR THE NEW REVERSE OSMOSIS WATER TREATMENT PLANT. THAT 55 MILLION IS THE PRIMARY AMOUNT FOR THAT THERE AND THEN THERE'S $300,000 OVERALL IN THE SCHEDULE THAT WE DON'T HAVE FUN, BUT AGAIN, WE HAVE A LOT OF THINGS PRELIMINARY WORK WITH WELL FIELD DRILLING AND TESTING, AND THAT WILL NEED TO BE DONE THAT RIGHT NOW WE'RE WORKING REALLY HARD TO TRY TO FIND THE FUNDING FOR EVERYTHING. BUT RIGHT NOW, THAT'S NOT SOMETHING THAT WE FEEL WE HAVE. 100% IN THE BAG SECURED. OKAY, SO AS THE VILLAGE MANAGER JUST SPOKE VERY THOROUGHLY AND DETAILED, UM, ABOUT OUR VALUATIONS AGAIN SOME OF THE CHALLENGES WITH PUTTING THIS BUDGET TOGETHER AND LOOKING PROSPECTIVELY OVER THE NEXT SEVERAL YEARS. HAS TO DO WITH WHERE WE'VE COME FROM AND WHERE WE'RE GOING, UH, WE DID HAVE YOU KNOW AGAIN, THE ADVIL ARM DECREASES IN THE PRIOR TWO YEARS, WHICH HAS SET THE GENERAL FUND BACK ORBIT. WE HAVE A NICE INCREASE THIS YEAR. BUT AGAIN NEXT YEAR WE ARE LOOKING STARTING OUT THE GATE ABOUT 9 TO
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10% DOWN FROM WHERE WE ARE CURRENTLY. SO UM THERE'S GONNA BE SOME REAL CHALLENGES WEAPONS AGAIN. I THINK WE WILL BE IN THE NET POSITIVE BECAUSE GROWTH AND DEVELOPMENT IS HAPPENING IN PROJECTS ARE HAPPENING. BUT AGAIN, WE'RE STARTING OUT LOSING . THAT IS NOT A NOT AN IDEAL SITUATION AGAIN. WE YOU KNOW ONE OF THE THINGS OVERALL, JUST WITH THE VILLAGE. IT'S WE CAN PUT WORK ON PAPER, BUT IT HAS TO GET DONE BY PEOPLE AND HAS TO GET DONE BY CAPABLE QUALIFIED PEOPLE . AND YOU KNOW WE'VE BEEN WE'VE BEEN SUCCESSFUL IN SEVERAL AREAS . WE'RE GETTING GOOD PEOPLE, BUT WE STILL HAVE A NEED FOR A LOT MORE. AND AGAIN FINDING QUALIFIED STAFF AND BEING ABLE TO MAINTAIN THE APPROPRIATE SEGREGATION OF DUTIES IS A REAL CHALLENGE, PARTICULARLY MY DEPARTMENT AND OTHERS. AND WE'VE DONE WE'VE DONE A LOT TO TRY TO ADDRESS THAT AND TO RECRUIT, BUT WE'RE STILL NOT THERE. OKAY UM, ONE THING I JUST WANT TO SAY ABOUT THIS BUDGET PROCESS THIS YEAR. AH I DID WORK WITH THE DEPARTMENT DIRECTORS, BUT I SPENT MY MYSELF A LOT OF TIME AND I MEAN A LOT OF TIME GOING THROUGH EVERY SINGLE LINE ITEM IN THIS BUDGET LOOKING AT HISTORY FOR THE LAST TWO YEARS. LOOKING AT WHAT WE SPEND LOOKING AT WHAT WE DON'T SPEND. LOOK AT WHAT WE'RE BUDGETING THAT'S NECESSARY, LOOKING AT WHAT'S BUDGETED THAT MAY NOT BE IN THIS LIKELY NOT NECESSARY. AND UM MADE A LOT OF CHANGES TO THAT, PARTICULARLY WITH OPERATING COSTS. UM I THINK AT ONE POINT, THE COUNCIL SAID. YOU KNOW THE NICKELS AND DIMES ADD UP $2. AND THEY ADDED UP TO ABOUT A MILLION DOLLARS IN OPERATING COSTS THAT WE DID CHANGE AND REDUCE AND SHIFTED THE CAPITAL OUTLAY. THAT AGAIN. I'LL EXPLAIN WHEN WE GET INTO FURTHER DETAILS, BUT YOU KNOW, IT'S ALL JUSTIFIABLE AND IMPORTANT AND NECESSARY IN OUR AGAIN OUR FOCUS ON THIS BUDGET AND IN THE YEARS TO COME IS FOR YOU KNOW PUBLIC WORKS IMPROVEMENTS IN CAPITAL PROJECTS FOR THE BENEFIT OF THE CITIZENS. YOU KNOW THE VILLAGE AND YOU KNOW, PUTTING PRIORITIES FIRST AND MAKING SURE THAT WE KEEP IT THAT WAY. UM YEAH, THE BUDGET HERE REALLY IS FOCUSED ON FUNDING NEAR TERM GRANT MATCHES AND DESIGN FOR CONSTRUCTION COSTS. YOU HAVE SOME PROJECTS COMING UP IN THE IMMEDIATE FUTURE WITH LINCOLN STREET. UPTOWN DRAINAGE, AND THEN WE HAVE QUITE A BIT WITH UTILITIES THAT JUST GETTING STARTED. UM AND AGAIN THE VILLAGE MANAGERS WORKING VERY, VERY HARD AND WE'RE DOING EVERYTHING WE CAN TO FIND EVERY AVAILABLE GRAND OPPORTUNITY STATE, LOCAL FEDERAL AND BEYOND TO, UH TO GET WHAT WE NEED AND WE'RE BOUND AND DETERMINED TO GET IT SO. OKAY SO THE COSTS AGAIN? NO SURPRISE. ANYONE OPERATING COSTS HAVE BEEN SIGNIFICANTLY AFFECTED BY INFLATION. WE'RE ALL LIVING THAT IN OUR PERSONAL LIVES AS WELL.ALTHOUGH I DID MAKE SIGNIFICANT CHANGES AND ADJUSTMENTS WITH THE BUDGET AND THE OPERATIONS, THERE ARE STILL CERTAIN THINGS THAT ARE ESSENTIALS THAT IT'S PRETTY EVIDENT THAT YOU KNOW THERE ARE INFLATIONARY FACTORS WITH THEM. ENERGY COSTS ARE ONE OF THEM. I THINK THAT'S PROBABLY THE HIGHEST INCREASE THAT I SEE IN THIS BUDGET IS WITH ENERGY COSTS. FOR OUR PLANTS ABOUT ESTIMATED 70% INCREASED BY F B NL IN THE UPCOMING YEAR. UM AGAIN. WE DO HAVE A NEED IN THE WATER AND SEWER UTILITY DEPARTMENT FOR SEVERAL THINGS THAT THEY'RE DEALING WITH NOW AND THAT OUR UP AND COMING THERE HAS NOT BEEN A RATE INCREASE WITH THE WATER UTILITY AND AT LEAST THREE YEARS THAT I KNOW OF THREE OR FOUR YEARS AND I REALLY FEEL, UM, PROJECTING AT THIS POINT IN TIME THAT WE WILL BE BACK TO THE COUNCIL SOMETIME. THIS FALL, LOOKING AT A RATE ADJUSTMENT OF APPROXIMATELY 5% OR WHAT COULD BE MORE, BUT I THINK AT LEAST 5% IS WHAT WE'RE LOOKING AT, OKAY. PERSONNEL COSTS. UH, THERE HAS BEEN A LOT OF CHANGE OVER THE PAST YEAR, BUT NONETHELESS THE FUNDAMENTALS ARE THE SAME. YOU KNOW, THERE IS A WE'RE TRYING TO HELP AGAIN.
STAFF THAT WE HAVE TRYING TO KEEP THEM AND HELP THEM. MAINTAIN PACE WITH INFLATION.
AND TO RECOGNIZE HIM FOR A JOB. WELL DONE, SO WE'RE LOOKING AT A 3% COST OF LIVING FOR THEM. AND 2% MERIT. AND HEALTH INSURANCE COSTS WERE ONE OF THE HIGHEST ITEMS IN THIS BUDGET NEXT TO I SHOULD SAY, JUST ABOVE ENERGY, WHICH IS ABOUT 9% INCREASE OVER CURRENT YEAR. YEAH AND FLORIDA RETIREMENT CONTRIBUTIONS DID GO UP 2. WHICH IS BETTER THAN I WAS WONDERING OR CONCERNED ABOUT BECAUSE YOU KNOW IF PEOPLE MAY REMEMBER 2022 WAS A HORRENDOUS YEAR FOR INVESTMENTS AND RATES OF RETURN. WHICH HAD A VERY SIGNIFICANT IMPACT ON THE FLORIDA RETIREMENT SYSTEMS PORTFOLIO, AND THEY DID, UM, REPORT AND RECOGNIZE A NUMBER OF CHANGES AND ADJUSTMENTS IN THEIR VALUATIONS, WITH THEIR PORTFOLIO , WHICH AFFECTS KIND, EVENTUALLY AFFECTS CONTRIBUTIONS. YOU KNOW SUBSEQUENT PERIODS OF TIME, SO THAT'S 2% IS NOT BAD, BUT AGAIN , THEY THE OVERALL RATE OF RETURN IS IN THEIR PORTFOLIO WAS THE BIGGEST REASON WHY THAT CONTRIBUTION IS NOW REFLECTED
[00:25:04]
WITH, UH ALLOCATIONS TO LOCAL GOVERNMENTS. OKAY. OUR OVERALL BUDGET HERE FOR GENERAL FUND. AH ARE AGAIN AS THE VILLAGE MATTER SPOKE. WE DO HAVE AN INCREASE IN ADVIL LEARN VALUATIONS. WHICH WILL NET US AT THE 95% ASSESSMENT. I SHOULD SAY 95% BUDGET RATE OF 3.6 MILLION UH, THE OVERALL GOVERNMENTAL TAXES, PERMITS FRANCHISE FEES, INTERGOVERNMENTAL REVENUES, THE BIGGEST CHALLENGE THAT WE HAVE IN THE UPCOMING YEAR IS UH, WITH THE GAS TAXES, SO THERE WAS A CHANGE, AND I HAVE TO GIVE ALL THE CREDIT TO THE VILLAGE MANAGER BECAUSE SHE HUNTED THIS DOWN AND TRACK IT DOWN. BUT THERE WAS A FORMULA CHANGE. UM THAT RESULTED IN A REALLOCATION.REDISTRIBUTION OF GAS TAXES. UM IN THE COUNTY, THERE WAS A CHANGE FROM A FIVE YEAR METHODOLOGY TO A THREE YEAR METHODOLOGY WHICH DID INCREASE THE COUNTY'S PROPORTION AND DECREASED HOURS. I THINK THE NUMBER IF I REMEMBER CORRECTLY IS WE WENT FROM 4% COUNTY WEIGHT DISTRIBUTION DOWN TO 1.25 DOWN TO 1.26. SO THAT'S GONNA LEAVE A BIG HOLE IN THE BUDGET OF ALMOST $200,000 AND TAX REVENUE. THAT'S LET ME JUST SO THE WAY THAT THE STATE DISTRIBUTES THOSE GAS TAXES IS BASED ON A FORMULA THAT WE HAVE TO PRESENT MIKE DID IT FOR LAST YEAR. IT'S A REPORT TO THE STATE. HOW MUCH LOCAL FUNDING YOU'RE PUTTING INTO YOUR CAPITAL INFRASTRUCTURE FROM YOUR LOCAL ENTITY SINCE WE'VE BEEN UTILIZING GRANT FUNDS SO MUCH AND THE MATCHES HAVE BEEN MINIMAL BECAUSE OF WE MEET CERTAIN CRITERIA WE'VE ONLY PUT IN 600,000, WHICH IS A BIG NUMBER, BUT THAT'S ALSO THAT LOWERED OUR CONTRIBUTION. I HAVE REACHED OUT TO THE COUNTY TO SAY OKAY, HOW DID THEY GET TO THAT 4.25% CALCULATION IN THE FIRST PLACE? I NEED TO UNDERSTAND THAT SO THAT I CAN FIGURE OUT CAN WE GET BACK UP TO THAT, AND WHAT'S IT GOING TO TAKE HAVE ALSO ASKED THEM IF THEY'LL WORK WITH US TO COME SOMEWHERE IN BETWEEN, RATHER THAN DIVERS DOWN TO THAT 1.26. UNFORTUNATELY, THERE WAS A WHEN I CALLED THE STATE THEY SAID, WELL, WE'VE GOT A MEMO HERE FROM THE COUNTY AND I SAID, WELL, PLEASE SEND THAT TO ME. SO THE MEMO WAS GIVEN TO THE VILLAGE, MAY 12TH OF 2022. TELLING THEM THAT OF THIS REDUCTION AND UNFORTUNATELY WE.
UNTIL AND SO YOU'RE ALWAYS A COUPLE OF MONTHS BEHIND IN YOUR COLLECTIONS, AND MIKE DIDN'T SEE IT UNTIL MARCH BECAUSE IT STOPPED IN JANUARY. SO YOU WERE STILL IN JANUARY. GETTING NOVEMBER AND IN FEBRUARY, YOU GOT DECEMBER AND THEN MARCH, YOU GOT JANUARY'S. SO WE'RE WORKING ON IT, BUT IT'S CREATED A VOID. AND UNANTICIPATED HOLE. YEAH, YEAH. UM AGAIN, YOU KNOW, WE WILL CONTINUE TO UTILIZE. UM YOU KNOW, GRANT FUNDS AND OTHER SOURCES TO THE GREATEST EXTENT POSSIBLE FOR ROADWAY DRAINAGE IMPROVEMENTS. BUT YOU KNOW, AS MISS KRISTA, YOU KNOW, JUST EXPLAIN. I THINK PRETTY THOROUGHLY UH, A MAJOR COMPONENT MAJOR COMPONENT OF OUR GAS TAX DISTRIBUTION IS LOCAL FUNDING SOURCES. THAT'S THE THAT'S THE KEY INGREDIENT. IT'S NOT GRANT MONIES THEY DON'T THEY DO THEY DO DO A DEDUCT FROM YOU ON YOUR GRANT FUNDS AS FAR AS ALLOCATION FOR TRANSPORTATION AND DRAINAGE COST. IT IS LOCAL MATCH. THEY WANT TO KNOW HOW MUCH TAX REVENUE LOCAL FUNDING SOURCES. ARE YOU PUTTING INTO YOUR SYSTEM ON YOUR DIME? THAT'S REALLY THE MAJOR COMPONENT TO THAT FACTOR. WE WILL HAVE TO WORK ON THAT. BUT AGAIN, THAT'S THAT GETS BACK TO THE MILLAGE AND MAKING THE YOU KNOW THE COUNCIL, ULTIMATELY MAKING DETERMINATIONS ON THAT I HAVE A QUESTION. YES, SIR. GAS TAX. THAT IS THE MOBILITY. PART OF THE IMPACT FEE IS THAT CONSIDERED LOCAL MONEY? YEAH THE WE NEED TO TAKE A LOOK AT THAT BECAUSE IT'S OKAY? IT TURNS PARTICULARLY ON THE ON THE STATUTE IN QUESTION HERE, HOW IT CREDITS SO, UM, I MEAN, IT IS A LOCAL SPEND IT SOUNDS LIKE I WOULD THINK IT WOULD DEPEND ON WHETHER OR NOT THERE'S CRITERIA ON THE ACTUAL SOURCE, BECAUSE IF IT'S COMING OUT OF YOUR TAX REVENUES, YOUR MILLAGE VERSUS COMING OUT OF SOMETHING ELSE, LIKE AN IMPACT. THE SHORT ANSWER IS I DON'T KNOW WE CAN TAKE A LOOK AT THAT. AND WHAT YEAH, LET US YEAH, BECAUSE THAT'S A VERY GOOD QUESTION. THAT'S A VERY GOOD QUESTION. COUNCIL KNOWS I'VE BEEN RACKING MY BRAINS OUT TRYING TO FIGURE OUT HOW TO GET
[00:30:02]
THE MONEY TOGETHER. SO, UM, WE'LL LOOK AT IT. YOU GET THAT TRAIN MOVING. YEAH. UH OUR OVERALL AGAIN, YOU KNOW, GOVERNMENT REVENUES, WHICH IS PRIMARILY GRANT FUNDS AND OTHER STATE REVENUE SHARE. THOSE ARE PRETTY LEVEL WE WILL LIKELY EXCEED THOSE IN THE UPCOMING YEAR DISSIPATES IN THE PROJECTS THAT WE'RE GOING TO BE DOING. I DON'T WANT TO ESTIMATE REVENUE FROM GRANTS UNTIL I HAVE A BETTER HANDLE ON EXACTLY WHAT WE'LL GET. SO I USUALLY DO THOSE TWO BUDGET AMENDMENT AND FINAL FINAL THREW UP. I DON'T WANT TO ANTICIPATE AND BALANCE THE BUDGET UNTIL WE HAVE MONEY IN HAND OR WE HAVE ASSURANCES TO THAT EFFECT. AGAIN, THE ONE BRIGHT SPOT. WE'LL SEE THAT HERE IN THE SUBSEQUENT SLIDE THAT IS HELPING IS THE FACT THAT WE HAVE MOVED OUR SURPLUS CASH TO HIGHER GROUND AS FAR AS INVESTMENT EARNINGS, SO WE REALLY DIDN'T HAVE MUCH IN THE WAY OF INVESTMENT EARNINGS. IN THE CURRENT BUDGET WE WILL SEE ABOUT $260,000. IN THE GENERAL FUND THIS YEAR. I JUST WANT TO POINT OUT THE MISCELLANEOUS REVENUES, LANA AND THAT YOU SEE THERE AT A LARGE 2.2 MILLION NUMBER. THAT WAS AGAIN THE ORIGINAL BUDGET.THAT WAS THE ART OF MONEY THAT WE HAD. LAST YEAR THAT WAS UNSPENT. I MOVED THAT TO A DIFFERENT FUND. IT'S A DIFFERENT ALLOCATION. SO THAT'S WHY THAT'S SHOWING IS AS IS MISSING. IT'S REALLY IT'S NOT REALLY PART OF THE GENERAL FUND. NOW IT'S SOMETHING THAT WILL AGAIN DO TRUE UP HERE AND CURRENT YEAR WHEN I DO THE NEXT BUDGET AMENDMENT, BUT THAT'S WHERE WE'RE AT, AND OTHER SOURCES IS A TRANSFER FROM THE UTILITY FUND TO THE GENERAL FUND THAT IS SUPPORT FOR GENERAL GOVERNMENT SERVICES. THERE'S AGAIN A LOT OF THINGS THAT AH, THE UTILITY FUND DOES FOR GENERAL GOVERNMENT THE GENERAL GOVERNMENT DOES FOR UTILITY FUND, BUT THE OVERALL NET IS THAT THE VILLE UTILITY DOES HAVE BENEFITS OF SERVICES SUCH AS YOU KNOW, THE CLERK'S OFFICE TO VILLAGE ATTORNEY VILLAGE MANAGER MYSELF. AND SO THERE THERE IS A CALL THAT A PAYMENT IN LIEU OF TAXES AND OTHER BUDGETS AND OTHER DOCUMENTS. THAT'S WHAT THAT IS.
90,000 AND CURRENT YEAR WE'RE GOING TO CHANGE THAT TO 1 50 NEXT YEAR FOR FISCAL YEAR, 24 AND YOU KNOW YOU SEE THE OVERALL ALLOCATION AND PERSONAL SERVICES OPERATING. WE DID MAKE A BIG CHANGE. YOU SEE THE BIG CHANGE IN OPERATING EXPENSES. IN GENERAL GOVERNMENT. WE'RE PUSHING A LOT MORE MONEY TO CAPITAL IMPROVEMENTS AND COST MATCHES FOR GRANTS AND IMPROVEMENTS. UM AGAIN WITH THE ALSO WITH TP TPP LINE ITEM. YOU WILL SEE THERE THAT YOU KNOW WE DID GET THE GREAT BENEFIT OF INCREASED VALUE. BUT THAT ALSO THEN COMES WITH A RETURN OF, YOU KNOW, HIGHER TPP PAYMENT BACK TO F PIANO, SO YOU KIND OF GIVE AND GET THERE, BUT OVERALL, IT'S A IT'S A IT'S A PLUS FOR US, SO THAT WORKS AND, UM, SO THAT'S THAT'S THE GENERAL FUND HIGHLIGHTS THERE. UM THIS IS JUST SHOWING YOUR TABLE OF OUR INTEREST INCOME. JUST KIND OF SHOWING YOU WHERE THINGS WERE LAST YEAR WHERE WE ARE CURRENT YEAR. THAT'S THE ALLOCATION. UM EVERYTHING THAT IS IN THE FIRST FOUR ROWS THERE EXCEPT THE MONEY MARKET ACCOUNT. THE MONEY MARKET ACCOUNT IS, UM OUR LOCAL, UM, DEPOSIT IN OUR LOCAL QUALIFIED PUBLIC DEPOSITORY. WE MAY MAKE SOME MORE CHANGES THERE, DEPENDING ON NEED. WE LIKELY WILL. BUT EVERYTHING ELSE IS IN OUR FLORIDA PRIME ACCOUNT EARNING RIGHT NOW I THINK THE LAST RATE WAS ABOUT 5.33. OKAY THE HIGHLIGHTS OF THE GENERAL FUND BUDGET JUST WANTED TO POINT OUT SOME MAIN POINTS HERE. SO THE COUNCIL BUDGET LAST YEAR I MADE A MISTAKE. WE HAD SOME TIMING DIFFERENCES WITH COST ON SOME TRAVEL WITHIN THE COUNCIL'S BUDGET, SO I HAVE CORRECTED THAT , YOU KNOW, SO WE'RE INCREASING THAT TO 1500 PER COUNCIL MEMBER FOR TRAVEL AND PER DIEM. IT WAS 2000 ON THE CURRENT BUDGET. YOU DO HAVE A TRAINING BUDGET THAT WAS AT $5000. WE'RE LEAVING THAT , SO THAT'S A TOTAL OF 12,500 FOR TOTAL TRAINING TRAVEL PER DIEM FOR THE COUNCIL FOR PROPOSED FOR FISCAL YEAR, 23.
GENERAL GOVERNMENT AGAIN, OUR TPP PAYMENTS GOING UP TO 6 25 FROM 4 41 OVER CURRENT YEAR.
GRANTS AND SPONSORSHIPS DIDN'T INCLUDE THOSE BE SURE TO INCLUDE THOSE WE CAN AGAIN CHANGES AT YOUR DISCRETION, BUT, UH YOU KNOW, WE DID HAVE THE APPROPRIATION THIS YEAR. FOR THE FIREWORKS. I DO HAVE THAT IN THERE FOR FISCAL YEAR 24. AND LAST YEAR WE DID A SPONSORSHIP FOR THE HOLIDAY PARADE CHRISTMAS PARADE. I THINK WE SPENT ABOUT THREE OR $4000 ON SOME BARRICADES, SIGNS AND SOME OTHER THINGS THAT WERE SPONSORSHIP, THE CHAMBER OF COMMERCE. THAT'S WHAT WE DID IN CURRENT YEAR. UM I'M KEEPING IT THE SAME FOR NEXT YEAR AGAIN. THAT YOUR DIRECTION WE CAN CERTAINLY CHANGE THAT. BUT THAT'S WHAT I HAVE PROPOSED. THE COMMUNITY ECONOMIC DEVELOPMENT DEPARTMENT VILLAGE MANAGER IS CURRENTLY WORKING WITH THE CONSULTANT TO DO A UPDATE OF OUR MASTER FEE SCHEDULE AND PLANNING AND DEVELOPMENT FEES. I DO HAVE AN INCREASE PROPOSED OR PROJECTED ON THAT, BASED ON CURRENT SCHEDULE THAT IS BASED ON WHAT I UNDERSTAND FROM PERMANENT APPLICATIONS, WE WILL STILL HAVE AN UPTAKE OVER CURRENT YEAR. I
[00:35:03]
THINK THE BIGGEST THING THAT WE'RE GOING TO SEE THAT WE ARE THAT WE DO SEE IN THIS BUDGET IS SIGNIFICANT REALIGNMENT OF COSTS THAT WAS IN THAT BUDGET. I THINK THAT BUDGET WAS VERY MUCH UM, UPSIDE DOWN IN TERMS OF HOW THINGS WERE ALLOCATED. WE HAD A HIGH ALLOCATION TO OUTSIDE CONSULTING SERVICES AND CONTRACTED PLANNING AGENCIES AND THERE'S GOING TO BE OF BEING A REALIGNMENT OF THAT CURRENTLY AND GOING FORWARD TO DO A LOT MORE STUFF IN THE HOUSE WITH THE INTERIM DIRECTOR AND DOING A LOT MORE SELF RELIANT, SO WE'RE MUCH CLOSER TO BEING ON PAR WITH REVENUES, EXPENSES AND THAT DEPARTMENT AS WE SHOULD BE. OKAY PARKS AND RACK. UH PLAN THERE IS TO REPLACE SOME PLAYGROUNDS EACH YEAR FOR THE NEXT THREE YEARS, SO WE'RE ESTABLISHING A TRANSFER FOR FIXED ASSET REPLACEMENT $100,000. UM AND THEN, IN CURRENT YEAR, THREE COMMUNITY EVENTS WERE PLAN. AND PUBLIC WORKS. AGAIN A LOT COMING UP THERE. WITH PROJECTS UPTOWN DRAINAGE. AH DESIGN WORK. THAT IS A THING OF $700,000 COST. 3 50 SPLIT BETWEEN 50 50 BETWEEN US AND D O T. SO WE HAVE THAT FUNDED THE LINCOLN STREET PROJECT WAS JUST AWARDED. WE'RE GETTING STARTED ON THAT SEMINAL AVENUE LIFT STATION AND ROADWAY REPAIRS AND IMPROVEMENTS AND CIVIC CENTER, WHICH IS, I THINK IN PROCESS RIGHT NOW. SO I THINK THE I THINK WE DO HAVE SOME PROPOSALS AND SOME AND ACTUALLY SOME INVOICES CURRENTLY FOR THAT, SO OKAY, DO UTILITY FUND HERE. UM TREND IS LOOKING GOOD. I JUST WANT TO SAY THIS IS THIS DOES REFLECT A 5% RATE INCREASE IN HERE. BUT I DO WANT TO GIVE A LOT OF CREDIT TO MY STAFF AND TO PAT NOLAN, STAFF AND UTILITY DEPARTMENT. ONE OF THE THINGS THAT WE HAVE SPENT A LOT OF TIME ON A LOT OF TIME ON IS MAKING SURE THAT CUSTOMERS ARE ACTUALLY BEING BUILT CORRECTLY. THAT THEIR METERS ARE REGISTERING WATER. UM THAT WERE, YOU KNOW, ACTUALLY, JUST TRYING TO MAKE SURE THAT PEOPLE ARE PROPERLY CHARGED FOR THE SERVICES THAT THEY ARE. RECEIVING. UM AND THAT IS THE BIGGEST DIFFERENCE. BY FAR BETWEEN NOW AND LAST YEAR IS THAT WE'RE ACTUALLY OUT THERE READING METERS AND THE ONES THAT ARE BROKEN OR NOT WORKING. WE'RE GETTING THEM OUT OF THE GROUND AND REPLACING THEM. I THINK SINCE PAT'S BEEN IN CHARGE. I THINK WE WERE TALKING ABOUT THIS THE OTHER DAY. I THINK WE'VE REPLACED ABOUT 25% OF THE SYSTEM WE PUT ABOUT 400 M IN THE GROUND SINCE 2021. WE STILL HAVE ANOTHER 14 OR 1500 TO GO. WE'LL TALK ABOUT THAT THAT PROJECT IS HAS BEEN FUNDED. THE PLAN IS TO REPLACE THE REST OF THE SYSTEM AND GET EVERYTHING. UP TO PAR CURRENT BILLING. BUT AGAIN, THAT'S YOU KNOW, WE'VE BEEN TALKING ABOUT REVENUE SUFFICIENCY IN THIS FUND FOR A WHILE AND NEED AND THE NEED IS GROWING, BUT WE GOTTA MAKE SURE THAT WE'RE DOING THINGS CORRECTLY. YOU KNOW THE OTHER THING, TOO, THAT WE SPENT A LOT OF TIME. IS VALIDATING, UM, RATE CODES, MAKING SURE THAT PEOPLE GET IN CHARGE THE RIGHT FEES. WE DID FIND SOME DISCREPANCIES WITH THAT. WE FOUND SOME ISSUES WHERE CUSTOMERS HAVE YOU HAD 1 M SIZE IN THE BILLING SYSTEM, BUT THEY ACTUALLY HAD A DIFFERENT SIZE OUT IN THE GROUND IN THE GROUND, SO WE HAD SOME CORRECTIONS WITH THAT. UM, IN MOST CASES IF YOU WAS TO THE CUSTOMERS BENEFIT, BUT MOST CASES YOU KNOW IT WAS NOT TO THE VILLAGES BENEFIT. SO WE HAD SOME CORRECTIONS AND UPDATES. WITH THAT, AND AGAIN, I WOULD DONE A LOT OF WORK ON THIS THE LAST COUPLE OF MONTHS. YOU KNOW, WE WANT TO MAKE SURE WE HAVE DATA. CORRECT INFORMATION IN THE BUILDING SYSTEM. INCORRECT INFORMATION OUT IN THE FIELD. BEFORE WE HAND THIS OFF TO RAY CONSULTANTS AND SAY, DO YOUR WORK NOW BECAUSE THEY HAVE TO HAVE A GOOD STARTING POINT. AND WE REALLY DIDN'T HAVE THAT. UM SO AGAIN, OVERALL HERE AND UTILITY FUND GENERAL OPERATIONS , UH, IN THE UPCOMING YEAR IS, UM AGAIN POSITIVE TREND HERE WITH ALL GROWTH WITH THAT WE DO HAVE SEVERAL DEVELOPERS WHO HAVE NOW COMMITTED TO CONNECTION FEES . YOU'LL SEE THAT IN THE CURRENT YEAR SCHEDULE WHERE WE DID HAVE ALL THOSE CONNECTION FEES THAT ARE REPORTED IN IN THE CURRENT YEAR ARE RELATED TO TERRA LAGO. PHASE ONE B. WE HAD IT IN PRIOR YEAR, UM, WITH PHASE ONE. A AND THOSE GUARANTEED REVENUES ARE REALLY DERIVING FROM THEM. WE DO HAVE SOME OTHER DEVELOPERS WHO HAVE SOME PAYMENTS THAT WILL BE DUE SOON. AND SO I'M ANTICIPATING THOSE TO BE COLLECTED PERSONNEL. MODEST INCREASE THEIR OVERALL AND AGAIN, WE'RE PUSHING MORE TO CAPITAL. MOST OF THE STUFF THAT I THINK IS HAPPENING IN UTILITIES. IT'S NOT JUST THEY'RE NOT IN REPAIR AND MAINTENANCE MODE THERE AND THEY NEED TO PLAN FOR THAT. BUT THEY'RE THEY'RE DOING A LOT OF REPLACEMENTS. THERE'S A LOT OF PUMPS THAT ARE GOING DOWN. THERE'S EQUIPMENT THAT NEEDS TO BE REPLACED UPGRADES THAT ARE HAPPENING, SO THERE'S A LOT OF CAPITAL IMPROVEMENT THAT IS HAPPENING WITH THE CURRENT SYSTEM. AND[00:40:04]
THAT WILL CONTINUE, UM INTO THE FORESEEABLE FUTURE. THE BIGGEST LINE ITEM THERE ARE OTHER USES.THAT IS 150,000. OF THAT IS THE TRANSFER TO THE GENERAL FUND, AND 50 IS CONTINGENCY. AND THEN THERE'S ANOTHER 300,000 THAT IS FOUR JUST ONGOING RENEWAL AND REPLACEMENT IN THE SYSTEM.
THAT'S GOING TO BE IMPORTANT THAT THEY FIND THAT THAT THEY BUILD THAT NEST EGG SO THAT IN THE EVENT THAT BIG EQUIPMENT GOES DOWN. THEY HAVE SEVERAL FAILURES WE'VE HAD. WE'VE SPENT A LOT OF MONEY ACTUALLY IN CURRENT YEAR ON HAVING TO RENT GENERATORS. WE HAD SOME BLOWERS GOING DOWN AT THE WASTEWATER PLANT. EXPENSIVE REPAIRS. REHAB IT'S NOT A CHEAP BUSINESS.
THAT'S DEFINITELY NOT CHEAP BUSINESS, SO WE HAVE TO BE PREPARED FOR THAT, AND WE HAVE TO HAVE THE FUNDING FOR IT. OKAY. OOPS, WRONG DIRECTION. OKAY SO I TALKED A LITTLE BIT ABOUT SOME OF THE THINGS THAT'S HAPPENING OUT IN THE FIELD AND OVERALL AND MY CUSTOMER SERVICE BILLING AREA. YOU KNOW OUR PLAN NEXT YEAR. UH YOU KNOW, THE COUNCIL DID APPROVE OUR TYLER TECHNOLOGIES PROJECT THAT INCLUDES A NEW UTILITY BUILDING SYSTEM AND OVERALL ER P SYSTEM.
WE PLAN ON DOING BILLING IN HOUSE AT SOME POINT NEXT FISCAL YEAR IN 24. THAT WILL ELIMINATE THE THIRD PARTY BILLING COMPANY THAT WE HAVE NOW WE REALLY DO. 85% 90% OF THE WORK NOW, ANYWAY, THE ONLY THING WE DON'T DO IS WE DON'T REMIT. THE INVOICES OUT. WE DON'T MAIL THEM OUT HERE. WE DON'T PROBABLY SO YOU KNOW AGAIN, IT'S THEIR SOFTWARE IS THEIR SYSTEM. BUT PRETTY SOON IT'S GONNA BE OUR SOFTWARE OUR SYSTEM SO WE MIGHT AS WELL JUST COMPLETE THE PROCESS AND MAKE IT MORE EFFICIENT AND SAVE THE MONEY. WE CAN DO IT. WE FEEL WE CAN DO IT WITH EXISTING STAFF.
WE ONLY HAVE A RIGHT NOW 2000 CUSTOMERS, SO I THINK IT'S MANAGEABLE. OVERALL UTILITY.
OPERATIONS AGAIN. FUNDING R AND R AT 300 K IMPORTANT EQUIPMENT IS NEEDED. REPAIRS WILL BE WILL HAPPEN. CAPITAL REPAIRS WILL BE NECESSARY. UH AGAIN, THE WATER METER SYSTEM WITH TALKED ABOUT THAT BEFORE WE ARE GOING TO DO A SYSTEM CHANGE OUT THAT IS PLANT PROBABLY SOMETIME OVER THE NEXT YEAR. UH YOU KNOW, PATRICK DID LET ME KNOW AND WE ARE AWARE NOW THAT DP HAS APPROVED THAT AS PART OF THE OVERALL WASTEWATER PROJECT, ACTUALLY, THE METER SYSTEM WAS DETERMINED TO BE CONNECTED TO WASTEWATER, SO THEY WERE ABLE TO MAKE THAT CORRELATION. UM AND SO THAT'S A THAT'S A BIG WIN FOR US GET THE SYSTEM UPGRADED AND CURRENT. IT'S ABOUT $750,000. YEAH. OKAY, SO, UH. AGAIN UTILITY DEPARTMENT PUBLIC WORKS GOING TO BE A BUSY PLACE. THESE PROJECTS ARE. THIS IS JUST THE UTILITIES. THERE'S A LOT OF STUFF HERE GOING ON. SO WE HAVE AGAIN. A WATER PLANT THAT WILL BE SOON BE UNDER CONSTRUCTION. A WASTEWATER PLANT THAT WILL BE UNDER CONSTRUCTION.
TWO MAJOR WATER MAIN DISTRIBUTIONS, WHICH AGAIN WE DON'T HAVE THE FULL FUNDING FOR THAT, BUT WE THINK THAT WE WILL FIRE LOOP CONSTRUCTION, WHICH IS THE 12 INCH WATER MAIN. THAT IS AN ART PROJECT THAT THE COUNCIL THAT APPROVED AND THEN OF COURSE , ARE THE BEGINNING PHASES OF OUR NEW REVERSE AS MOSES WATER PLANT. OKAY? ALRIGHT OUR STAFFING COMPLEMENT RIGHT NOW.
THIS IS OUR TOTAL. POSITIONS THAT WE HAVE IN THE BUDGET. AH! IT'S A TOTAL OF 34. FTE S ACRONYM FOR FULL TIME EQUIVALENTS. WE DO HAVE RIGHT NOW. SOME VACANCIES THAT WE ARE TRYING TO FILL. WE HAVE BEEN TRYING TO FILL WE DO HAVE AN INTERIM DIRECTOR RIGHT NOW.
DIANE FREEMAN, SERVING IN THE DIRECTOR ROLE FOR CED. MY DEPARTMENT. WE ARE STILL LOOKING FOR A SENIOR BUYER PROCUREMENT PERSON IN ACCOUNTING POSITION IN THE GRANTS MANAGER UH, AND ADMINISTRATIVE SERVICES HAS AN OFFICE COORDINATOR VACANCY SOME OF THESE WERE HOLDING ON TO FOR NOW, WE MAY FILL THEM IN THE NOT TOO DISTANT FUTURE AGAIN. ALL DEPENDS. WE HAVE A TREMENDOUS WORKLOAD AHEAD OF US. BUT THE POSITIONS IN FINANCE HAVE NOT BEEN FILLED BECAUSE WE HAVEN'T FOUND THE RIGHT CANDIDATE. QUITE FRANKLY. SO. WE DO HAVE THREE POSITIONS REQUESTED NEEDED.
KNOW UP TO THIS POINT, WE'VE HAD NO NOBODY STAFFED IN PUBLIC WORKS, AND WE'RE TRYING TO GET A COUPLE OF TECHNICIANS. OUT THERE TO DO. UM SOME WORK HERE. I'LL SHOW YOU IN THE NEXT SLIDE, THEN BUSINESS SYSTEM ANALYST WE'LL TALK ABOUT WHAT THOSE POSITIONS DO. PUBLIC WORKS TEXTS. RODEWAY PADDLE REPAIRS. A LOT OF DRAINAGE AND REPAIRS AND IMPROVEMENTS THAT WE CAN DO OURSELVES AND THEN A LOT OF STREET SIGNAGE, REPAIRS AND MAINTENANCE AND MANY OTHER THINGS THAT I'M SURE WE'LL COME DOWN THE PIKE AND THEY CAN POSSIBLY ROTATE AND BE BACK UP ASSISTANCE TO SOME OF THE UTILITY GUYS AS WELL. AND GALS CAN'T FORGET THAT WE'RE GUYS AND GALS NOW. SO UM, I THINK I THINK IT'S IMPORTANT. WE YOU KNOW, WE HAD A PUBLIC WORKS FUNCTION, BUT
[00:45:02]
WE'VE NEVER HAD STAFFING IN PUBLIC WORKS AND WE REALLY NEED IT RIGHT IN BUSINESS SYSTEM ANALYST AH, THIS IS REALLY IMPORTANT ROLE HERE IS AS WE MOVE FORWARD WITH OUR E R P SYSTEM. WE'RE GOING TO HAVE ALL THESE DIFFERENT MODULES AND APPLICATIONS AND THINGS WORKING AND CONNECTED TOGETHER. AND YOU KIND OF HAVE TO HAVE SOMEONE BOOTS ON THE GROUND, HELPING MAKE SURE EVERYTHING IS STILL WORKING SEAMLESSLY. IT'S A VERY IMPORTANT ROLE AS WE BECOME MORE DIGITIZED ORGANIZATION. THERE'S A LOT OF WORK WITH THIS. I'VE WORKED WITH A LOT OF THESE TYPES OF PEOPLE IN THE PAST. UM IT'S A REALLY AN ESSENTIAL FUNCTION. THEY DO SO MUCH WORK FOR YOU THERE. THERE ARE ESSENTIAL LINCHPINS AND HOW YOU DO YOUR BUSINESS, MANAGING WORKFLOWS.MAINTAINING DOCUMENTATION ON PROCESS CONTROL. THEY TEST THINGS. THEY ASSISTED TAYLOR TECH UM I T STAFF THEIR BOOTS ON THE GROUND THERE, REALLY, IT'S REALLY ESSENTIAL, AND I THINK IF WE GET THE RIGHT PERSON SOMEONE WHO IS CAPABLE OF AND WILLING TO TAKE ON THE TRAINING. I THINK WE WOULD DO THAT. I THINK IT'S VERY DIFFICULT TO FIND THESE PEOPLE WHO ALREADY MADE A LOT OF OTHER ORGANIZATIONS DO HAVE TO BRING PEOPLE IN. ON THE TRAINING BASIS . BUT AGAIN, I'M I HAVE HAD A LOT OF SUCCESS AND, UM, WILL CONTINUE TO HAVE SUCCESS WITH PEOPLE WHO HAVE THE RIGHT ATTITUDE AND THE RIGHT WANT TO UM, SOMETIMES THERE THEY TURN OUT TO BE EVEN BETTER THAN PEOPLE WHO EXPERIENCED BECAUSE THEY WANT AND THEY WANT TO GET IT DONE RIGHT? AND THAT'S WHAT I'M LOOKING FOR. SO OKAY. THIS IS OUR FIVE YEARS CI P SCHEDULE DON'T FALL OUT OF YOUR CHAIR WHEN YOU SEE IT. IT'S A LOT AND AGAIN. IT'S VERY IT'S IT IS ALL LEGITIMATE. IT IS ALL NEEDED.
UH, THIS IS OUR HOPE FOR A TIMELINE. AGAIN THE TYLER EUROPEA SYSTEM. MOST OF THAT, I THINK WILL BE DONE THIS UPCOMING FISCAL YEAR. SOME OF IT MAY TRICKLE INTO FISCAL YEAR 24 25, BUT THAT IS THE TOTAL AMOUNT THAT WAS APPROVED BY COUNCIL. WE SHOULD BE ABLE TO GET THAT DONE.
WE WILL NEED IT. WE'VE BEEN WORKING ON SEMINOLE AVENUE DESIGN FOR A LONG TIME. THE CONSTRUCTION PROJECT I BELIEVE, WILL BE COMPLETED OVER THE NEXT TWO YEARS. CIVIC CENTER AGAIN LINCOLN STREET. WE WERE JUST AWARDED. UH THAT IS A COST TO US OF. I BELIEVE 300,000 AND, UH THE D P D O T WILL GIVE US 500,000. UPTOWN DRAINAGE IS A SPLIT AGAIN. THAT'S A $700,000 DESIGN COSTS BUT WE PAY 3 50 THEY PAID 3 50. TOTAL COST THERE. UM IN THE 12 INCH WATER AGAIN. CONSTRUCTION COSTS IS SOMETHING THAT WE WILL HAVE TO APPLY FOR GRANT FUNDS ON THAT.
WE DON'T HAVE ANYTHING FOR THAT AT THIS TIME. 12 INCH FIRE LOOP IS READY TO GO TO BED. WE'RE NEAR THAT WE'RE NEARING FINAL COMPLETION. I THINK WE HAVE COMPLETED THE DESIGN OF THAT WORK. IT'S READY TO BE CONSTRUCTED. WE'RE ALREADY. TOO OPEN BIDS IN THE NEAR FUTURE ON THE WATER PLANT SRF PROJECT. AH THE 38 MILLION AND D P SEWER IMPROVEMENTS. PART OF THAT IS RELATED TO THE LINE BELOW WASTEWATER PLANT CONSTRUCTION. I THINK FIVE OR 6 MILLION OF THAT.
FIRST OF THAT 38 MILLION IS IT WAS FUNDED BY D. E P. UM AND SO I THINK THAT TOTAL WASTEWATER PLANT PROJECT IS ABOUT 15 MILLION OR 16 MILLION. BUT TOTAL SEWER IMPROVEMENTS WITH 38 MILLION THE NEW R O PLANT IS AGAIN THAT IS THE PART WHERE WE ARE DOING EVERYTHING WE CAN TO ASCERTAIN. THE REVENUE SOURCES. I THINK THE VILLAGE MANAGERS WORKING NIGHT AND DAY TO DO EVERYTHING TO SECURE THOSE FUNDS . I THINK WE WILL GET THERE. BUT AGAIN THIS IS THIS IS A PROJECT THAT IS NEEDED. ASAP AND IT'S A BIG COST $60 MILLION. WHAT INVOLVED WITH THAT? UM. NO SMALL UNDERTAKING. SO A LOT A LOT TO HAPPEN OVER THE NEXT COUPLE OF YEARS AT MINIMUM, AND THEN AGAIN, PROBABLY FINISHING THAT PROJECT IN THE NEXT, MAYBE SOONER, HOPEFULLY SOONER, BUT THAT'S WHAT I HAVE IT AND THEN AGAIN, WE HAVE THE WATER MAINS, THE RAILROAD AVENUE 151ST STREET WATER MAINS. THAT NEED TO BE CONSTRUCTED. WE'VE ALREADY DONE THE DESIGN WORK FOR THAT AS PART OF PREVIOUS SRF LOANS. AND THEN JUST ONGOING RENEWAL REPLACEMENT FOR THE WATER UTILITY. JUST AGAIN EQUIPMENT AND AS WE, YOU KNOW, BASICALLY DOUBLE OUR INFRASTRUCTURE OUT THERE OVER THE NEXT 3 TO 5 YEARS, YOU'RE GONNA HAVE TO POUR A LOT OF MONEY INTO THAT TO MAKE SURE YOU HAVE THE ABILITY AND THE FUNDING TO PLACE EQUIPMENT, UPGRADE EQUIPMENT DO REPAIRS. CAPITAL RELATED. OKAY, AND SO. REALLY I BELIEVE THIS IS THE FINAL SLIDE HERE, SO WE HAVE ALREADY ESTABLISHED A TENTATIVE MILLAGE RATE. UM TODAY IS THE PRESENTATION OF THE BUDGET. I
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WILL CERTIFY THE MILLAGE WERE ON EACH TRIM. THE PROPERTY APPRAISER TOMORROW. AND THOSE ARE OUR TWO PUBLIC HEARING DATES FOR THE TENTATIVE AND FINAL BUDGETS. AND. THAT'S ALL I HAVE.COUNCILWOMAN HERNANDEZ. THANK YOU. THANK YOU. I APPRECIATE YOUR HARD WORK BECAUSE I KNOW HOW IT IS TRYING TO GET DIFFERENT DEPARTMENTS TO GIVE YOU BUDGETS. UM SO I HAVE A FEW QUESTIONS. SURE. HEALTH INSURANCE. HOW MUCH DOES THAT COST FOR EMPLOYEES AND WHO IS OUR HEALTH INSURANCE PROVIDER. FOR OUR EMPLOYEES IS THAT THROUGH THE FLORIDA LEGAL CITIES . IT'S YES THOUGH I BELIEVE THE BROKERS UNITED HEALTHCARE, BUT IT IS TO THE LEAGUE OF CITIES AND THEN ALSO OUR PROPERTY INSURANCE. I KNOW, UM, THAT HAS BEEN INCREASING. UM DO WE HAVE A PERCENTAGE OF THE INCREASE BETWEEN LAST YEAR AND THIS YEAR? PROPERTY INSURANCE? YEAH I DON'T HAVE A FINAL ESTIMATE ON THAT OUR CURRENT YEAR PREMIUMS I BELIEVE FOR PROPERTY CASUALLY AND WORKERS. COMP IS 133,000 A YEAR. I THINK THAT'S PROBABLY GOING TO GO UP. A LITTLE BIT. UM I DON'T HAVE A HARD NUMBER ON THAT YET ARE AGAIN ARE TOLD, AS YOU KNOW, AS AS EXPRESSED HERE.
IN THIS PRESENTATION. HEALTH INSURANCE PREMIUMS INCREASED 9, THE TOTAL PROJECTED HEALTH INSURANCE PREMIUMS. FOR FISCAL YEAR 23 24 IS GOING TO BE 499,000 AND THE PROPERTY INSURANCE IS DONE VIA THE FLORIDA LEGAL CITIES, TOO, AND ONE OF THE REASONS THAT WE GO THROUGH THEM IS BECAUSE THERE CHEAPER. I THINK YOU KNOW, WE HAVE NOT. UH, FRANKLY, AT THIS POINT BEEN HAD THE OPPORTUNITY TO SHOP THAT AROUND. I THINK THE RATE I CAN TELL YOU JUST FROM HEALTH INSURANCE STANDPOINT, I THINK THE RATES ARE PRETTY COMPETITIVE. I'M FAMILIAR WITH WHAT OTHER MUNICIPALITIES YOU KNOW, HAVE AS FAR AS PREMIUMS GO. AH UM YOU KNOW, I THINK THAT MOST, I THINK OUR PREMIUMS ARE PRETTY COMPETITIVE WITH WITH OTHER EMPLOYEES AND PUBLIC SECTOR GET CHARGED. I THINK THE SCHOOL BOARD IS MAYBE THE ONLY ONE. THAT IS AN OUTLIER IN THAT . I THINK BOTH THE PREMIUM SCHOOL BOARD AND PLAYS PAY OR THERE MUST BE SOME SORT OF CLOSE TO 50 50 COST PERCENTAGE ON THAT. IT'S PREMIUMS FOR VERY HIGH, BUT MOST OTHER CITY COUNTY GOVERNMENTS WERE LIKE RIGHT IN THE HONESTLY LIKE RIGHT IN THE BALLPARK, AND I JUST WANTED TO SAY THAT BECAUSE YOU KNOW, THE FLORIDA LEGAL CITIES DOES A LOT OF THINGS AND ADDITIONALLY TO SUPPORT AH, THE ELECTED OFFICIALS ARE ALSO SUPPORTS THE , UM CITIES, BUT NOT EVERYONE CAN APPLY FOR PROPERTY INSURANCE . THEY HAVE A SPECIFIC AH, YEAH , DIAGRAM OR WHATEVER FOR YOU TO BE ABLE TO GO INTO THE PROPERTY INSURANCE WITH THEM. SO LUCKY FOR THE VILLAGE OF ANTON TO BE PART OF THE PROPERTY INSURANCE. UM I DO. THANK YOU FOR, UM, OUTLINING THE MISCELLANEOUS REVENUES AND OTHER SOURCES BECAUSE I DON'T LIKE SEEING THAT IN MY, UM AND THEN THE YOU DID SAY THAT THERE WAS INVESTMENTS YOU STARTED INVESTMENTS INVESTMENTS. DID YOU START UH, WE CAME TO COUNCIL LAST AUGUST AND WE PASSED TWO RESOLUTIONS TO ENTER THE LOCAL GOVERNMENT INVESTMENT POOLS WITH FLORIDA PRIME STATE BOARD OF ADMINISTRATION AND THE, UH THE LEAGUE OF CITIES HAS A HAS A POOL. I WE DO NOT HAVE ANY MONEY WITH THE LEAGUE OF CITIES POOL THE REASONS FOR THAT, OR BECAUSE THEIR INVESTMENT HORIZON THEY HAVE WHAT THEY CALL LONGER DURATION, WHICH MEANS IT HAS TO BE SITTING THERE. THE LONGER DURATION MEANS THAT, UH, THERE ARE MUCH MORE SENSITIVE TO CHANGES IN INTEREST RATE MEANING WHEN INTEREST RATES GO UP, YOU INCUR. UM UNREALIZED LOSSES. SO UM, I THINK ONE OF THE THINGS I'M NOT TO GET TOO FAR IN THE WEEDS. BUT WE'VE HEARD ABOUT SOME OF THESE BANK FAILURES THAT HAPPENED EARLIER THIS YEAR. THEY HAD A LOT OF HOLDINGS AND, UM, BONDS THAT WERE HAD LONGER TIME HORIZONS AND SO JUST THE NATURAL WAY BONDS WORKS WHEN INTEREST RATES GO UP CAPITAL YOU INCUR CAPITAL LOSSES. AND THE DURATION ON A LEGAL CITIES POOL IS ABOUT A YEAR, SO IT'S MUCH MORE SENSITIVE TO INTEREST RATE CHANGES AND FLUCTUATIONS. THE FLORIDA UM S P A FLORIDA PRIME IS THEIR MATURITY IS LIKE 35 DAYS. 40 DAYS SO VERY, VERY, VERY, VERY QUICK ADJUSTMENTS TO ANY KIND OF UNREALIZED GAINS AND LOSSES. WE DO NOT HAVE ANY LOSSES AT ALL IN OUR FLORIDA PRIME. WE'VE DONE VERY WELL ON THAT BALL. THAT WAS THE RIGHT DECISION TO PUT THE MONEY IN THAT POOL THAT TIME. UM AND I THINK WE MAY PUT MORE UP THERE. BUT THAT'S WE'RE GONNA BE LOOKING AT AND, YOU KNOW, GET
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SOME OF THE THINGS THAT WE HAVEN'T TALKED ABOUT AGAIN THAT ARE IN THE NEAR FUTURE. YOU KNOW, WE MAY WE WILL SELL THE PROPERTY, YOU KNOW THAT WE HAVE THE SIX ACRE PARCEL ON, ASK YOLA AND WAR FIELD. THAT MONEY MAY BE USED FOR GRANT MATCHES AND OR TO SHORE UP FUND BALANCE. AND OBVIOUSLY THE THING THAT WE WOULD DO IF WE'RE USING IT TO SHORE UP OR FUN BALANCE, WE WOULD HAVE IT DEPLOYED INAPPROPRIATE INVESTMENTS, YOU KNOW, GUARANTEE GOVERNMENT GUARANTEED SECURED SECURITIES AND AGAIN GOING RATE RIGHT NOW. I THINK LIKE IN THE IMMEDIATE FUTURE. SO WE'RE LOOKING AT, YOU KNOW, PROBABLY NORTH OF 5.5% INTEREST RATE ON LIKE, ESSENTIALLY NEXT DAY SECURITIES, YOU KNOW, WITH VERY SHORT TIME HORIZONS. OKAY BEFORE WE JUST HAD EVERYTHING AT THE LOCAL DEPOSITORY. AND UM YOU KNOW, BANKS. WE ALL KNOW BANKS DON'T REALLY GIVE YOU MUCH IN THE WAY OF INTEREST. UM, SO EVERYTHING WE HAVE IS VERY, VERY LIQUID, VERY SAFE AND VERY SECURE. AND THEN YOU'RE YOU'RE TOTALLY FUN REVENUES, YOU HAVE GUARANTEED REVENUES. WHAT IS THAT? GUARANTEED REVENUE HAS BEEN SO, UM TERRA LAGO. PHASE ONE A ONE B BECAUSE THAT'S REALLY WHAT WHAT THAT IS. SO WHAT THEY DID IS THEY CAME AND THEY BOUGHT SEVERAL E R. C S EQUIVALENT RESIDENTIAL CONNECTIONS. THEY COMMITTED CAPACITY. SO WHAT THEY ESSENTIALLY DO IS TO ENSURE THAT CAPACITY IS AVAILABLE. THEY PAY US A FEE ON AN ANNUAL BASIS. IT'S PRORATED MONTHLY. BUT THEY ESSENTIALLY ARE PAYING US A FEED TO ENSURE AND TO MAKE SURE THAT THOSE CONNECTIONS ARE AVAILABLE WHEN THEY WHEN THEY DECIDE TO USE THEM. AND SO CURRENTLY THAT IS JUST TERRA LAGO. YES I HAVE NOT. WE HAVE NOT COLLECTED ANY OTHER GUARANTEE WROTE. WE HAVE BILLS OUTSTANDING TO OTHER DEVELOPERS WHO DO OWE US MONEY FOR THAT, BUT, UM RIGHT NOW. EVERYTHING WE HAVE COLLECTED HAS BEEN FROM CAROLINA, INCLUDING INCLUDING THE CONNECTION FEES AND OUR DEBT SERVICES IS OUR PAYMENT TO OUR LOAN. CORRECT? YES. YES. MIKE I THINK WE ALSO GOT SOME GUARANTEED REVENUE FEES FROM THE PROJECT JUST WENT RIGHT OUT OF MY HEAD. UM RIVER OAK AS WELL. REMEMBER THE GUARANTEED REVENUE PIECE WAS SEPARATE THAN THE CREDIT AGAINST. OKAY I'M I'M TRYING TO REMEMBER IF WE ACTUALLY IS THAT STILL FLOATING AS A CREDIT THAT IS DUE TO THEM, OR DID THEY ACTUALLY DON'T REMEMBER AN ACTUAL CHECK? GUARANTEED REVENUE PIECE THEY PAID. THEY DID OKAY. OKAY? OKAY ALRIGHT. YES NOT NOT AS MUCH AS TERRA LAGO. OKAY? AND THEN WHEN ARE WE EXPECTING THE TELLER? WELL, WE'RE RIGHT NOW. WE'RE IN DOCUMENT COLLECTION MODE AND, UM , ESSENTIALLY DEVELOPMENT. SO WHAT? WHAT THEY'RE TRYING TO GET FROM US IS COPIES OF EXISTING DATABASES, REPORTS. THERE WERE THERE DOING ESSENTIALLY THE HARVESTING OF OUR CURRENT FINANCIAL SYSTEM PAYROLL. AH UM , ANY RECORDS THAT WE HAVE FOR CED MOST OF THAT SPREADSHEET, SO THERE'S JUST A LOT OF, YOU KNOW, RECORDS COLLECTION. THEY'RE TRYING TO BUILD DATABASES. UM AND THEY'RE TRYING TO ESSENTIALLY VALIDATE AND MAKE SURE INFORMATION IS CORRECT. UM ARE YOU UTILITY BILLING SYSTEM IS ANOTHER AGAIN COMPONENT TO THAT THOSE FOLKS ARE. GONNA BE ACTUALLY GONNA GIVE US A COPY OF THE OF THE DATABASE, WHICH WILL BE EASIER TO WORK WITH, FRANKLY. AND THEN THE PUBLIC WORK FIELD TECHNICIANS. SO ARE WE TRYING TO NOT? HAVE EXTERNAL COMPANIES DOING THE POTHOLE REPAIRS. WELL, THERE'S ALL BE IN HOUSE. IS THAT MY UNDERSTANDING? YEAH. I MEAN, I THINK PATRICK IF HE'D LIKE TO COME UP, AND HE CAN SPEAK TO THAT EFFECT, BUT I THINK YOU KNOW, WE JUST KNOW THAT THERE IS A UM AND EXPEDIENCY AND SERVICE DELIVERY THAT YOU KNOW WE FEEL WE CAN ACHIEVE AND TO ADDRESS CERTAIN ISSUES. I KNOW THAT THEY HAVE THEIR FRANKLY THERE HAVE BEEN TIME LEGS BEFORE WITH CERTAIN POTHOLE REPAIR REQUESTS.UM AND OTHER THINGS THAT WE KNOW WE NEED TO WE NEED AGAIN. SOMETIMES YOU NEED SOMETHING.
NOW YOU NEED IT NOW, YOU KNOW, AND SOME OF OUR VENDORS ARE VERY GOOD AT THAT. ANOTHER CASE IS JUST, YOU KNOW, AVAILABILITY OF THE CONTRACTOR. THERE MAY BE SOME LAG TIME WITH THAT, BUT I THINK I THINK THERE'S JUST A SENSE THAT YOU KNOW, WE DO NEED TO HAVE OUR OWN ROAD AND STREET AND STORMWATER REPAIR. CREW AND IF I MAY TAG ONTO THAT SINCE YOU WERE THERE ON THAT SUBJECT COST COMPARISON, BUT AND BRINGING IT IN HOUSE COMPARISON TO CONTRACTOR. COMPARABLE ARE WE GOING TO BE PAYING MORE OR LESS? WHAT DOES THAT LOOK LIKE? YOU KNOW, I THINK TO BE HONEST, WE HAVE NOT DONE A COMP A THOROUGH COST COMPARISON BECAUSE I DON'T KNOW WHAT THE WORKLOAD AGAIN.
THIS IS, I THINK VARIABLE. UH IT'S REALLY I THINK MORE A FUNCTION OF SERVICE DEMAND AND DELIVERY. ABOUT BEING ABLE TO GET WHAT DONE WHAT WE NEED TO GET DONE WHEN WE NEED TO GET IT DONE AND TO HAVE SOME DIRECT CONTROL AND OVERSIGHT OF THAT SITUATION. AND TO HAVE A PLAN SCHEDULE AND WORK THAT NEEDS TO BE DONE OUT THERE. I MEAN, I THINK WHEN YOU HAVE AH, YOU KNOW A MAINTENANCE PLAN. YOU CAN DEPLOY THAT. AND IT IS IT IS, I THINK, FRANKLY, FROM A TIME
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STANDPOINT AND DELIVERY STANDPOINT, MORE EFFICIENT TO DO THAT WITH YOUR OWN STAFF. YOU LIKELY WOULD DO YOU LIKELY WOULD PAY MORE. I THINK TO DO THE TYPE OF WORK AND TO GET ONTO THE TYPE OF MAINTENANCE PROGRAM. YOU KNOW IF YOU DID IT OUTSIDE, YOU KNOW WHAT PATRICK IS TALKING ABOUT, BUT AGAIN, IT JUST IT'S A FUNCTION OF WHAT THE POSITIONS REQUIRE. AND WHAT IS NEEDED, AND I THINK THAT THE SENSE IS THAT WE DO NEED TO DO THIS WORK IN HOUSE AND MICHAEL, IF I CAN TAG ON RIGHT NOW, MR NOLAN IS UTILIZING HIS INITIAL UTILITY STAFF, AND WE'RE FORTUNATE THAT THEY HE HAS SOME INDIVIDUALS THAT ARE ABLE TO PEEL THEMSELVES OFF IF YOU WILL AND ADDRESS PUBLIC WORKS ACTIVITIES. MM NOW THAT'S CREATED A VOID ON THE WATER WASTEWATER SIDE. THAT WE REALLY NEED A DEDICATED PUBLIC WORKS. I MEAN, IT'S GREAT THAT THEY'RE MULTITASKING, AND THEY'RE ABLE TO DO THAT. BUT I THINK HAVING THAT DEDICATION WILL HELP US BETTER. BE MORE BETTER PREPARED BECAUSE THEN WE'RE NOT PULLING THEM OFF OF THE WATER WASTEWATER JOB. AND STICKING THEM ON A PUBLIC WORKS JOB. HMM. YEAH, YEAH. YEAH YEAH . OKAY WELL, I THINK YOU, UM AND I HAVE TWO MORE QUESTIONS. I KNOW. UM STRATEGIC PLANNING. DO WE HAVE SOME SOME BUDGET FOR THAT? I DO THINK THAT WE SHOULD DO STRATEGIC PLAYING AT LEAST ONCE A YEAR. UM BECAUSE IT'S BEST PRACTICES ABOUT EVERY CITY DOES IT? THINGS EVOLVED, THINGS CHANGE. SO UM, I WAS WONDERING IF THAT WAS SOMETHING THAT ISN'T HER BUDGET. IT'S NOT SPECIFICALLY IDENTIFIED. UM IT'S CERTAINLY YOU KNOW, AGAIN, THERE'S THINGS THAT HAVE COME UP THAT WERE NOT IN THE BUDGET THAT WE CAN DO AGAIN. I THINK THAT'S A THAT'S A COUNCIL. YOU KNOW, DECISION AND DIRECTION. I THINK YOU ALL MAKE THAT DETERMINATION OF WHETHER YOU WANT TO CONVENE AS A BOARD. TO DO STRATEGIC PLANNING, UM, CERTAINLY WILLING TO SUPPORT IT, AND WE'LL CERTAINLY IDENTIFY IT IN THE NEXT VERSION OF THE BUDGET. IF YOU ALSO CHOOSE IN DIRECT US TO DO THAT. OKAY AND THEN THE LAST QUESTION I HAVE IS, UM, LEGISLATIVE DID WAS THERE ANYTHING THAT AFFECTED OUR BUDGET THAT WAS LEGISLATIVELY ACTION FROM THE STATE. NOT TO MY KNOWLEDGE, SPECIFICALLY. NO I DON'T. I DON'T BELIEVE THAT'S THE CASE. NO, I THINK THAT THERE WERE SOME I DON'T KNOW IF IT WAS PASSED OR NOT REGARDING ADDITIONAL TAX, YOU KNOW, EXEMPTIONS TECH. I DON'T KNOW ANY MORE TAX EXEMPTION THIS LAST LEGISLATIVE SESSION. YEAH PLANNING ITEM PASSED THROUGH THE LEGISLATIVE SESSION. WHICH PLANNING ITEM? THE ONE WHERE THAT, UH, THE ONE THAT LIKE IT GAVE YOU CERTAIN AMOUNT OF DAYS IN ORDER TO APPROVE. IF NOT, WE DIDN'T HAVE THE STAFF FOR THAT.THAT ACTUALLY DID NOT OKAY THAT THAT WOULD HAVE BEEN YES, YES, BECAUSE WE DON'T HAVE THROW A LOT MORE MONEY OUT OF A CONTRACTOR OR ITS STAFF, AND WE WOULD HAVE HAD TO BRING THAT TO YOU BECAUSE IT WOULD INCREASE OUR COST. CORRECT OKAY, THAT WILL GET THROUGH ONE OF THESE DAYS. BUT YEAH, DIDN'T GET THROUGH THIS SESSION. OKAY I JUST WANTED TO MAKE SURE BUT THANK YOU SO MUCH, MR FLORIO. I APPRECIATE YOUR BUDGET AND YOUR HARD WORK AND YOUR STAFF BECAUSE I KNOW HOW HARD IT IS CRUNCHING NUMBERS AND WORKING WITH DIFFERENT DEPARTMENTS THINK AND THANK YOU TO THE MANAGER AND EVERYONE ELSE THAT WAS IMPLEMENTED IN MAKING THIS BUDGET WORK. OKAY? THANK YOU. THANK YOU WERE FORTUNATE. WE GOT A GOOD TEAM AND EVERYBODY'S WORKING HARD TO GET THIS BUDGET DONE, SO WE'LL BE ABLE TO MOVE FORWARD IN THE AND I APPRECIATE YOUR SUPPORT AND KEEPING THAT MILLAGE CONSTANT, SO WE CAN GET OURSELVES SETTLED AND SEE WHERE ALL WHERE WE ARE NEXT YEAR. OKAY SO SEE, WE'RE SEEING THAT WE'RE COMING TO THE END. WE DON'T NEED TO, UM ADJOURNING FINISH AFTER OUR REGULAR COUNCIL MEETING IS THIS JUST EVERYBODY GOOD. HER RUNNING INTO OUR REGULAR COUNCIL TIME, SO WE'RE GOOD, AND YOU GOT ANYTHING ELSE. NOT WITH THE BUDGET. NO, WE JUST NEED TO TAKE A BREAK TO. ABSOLUTELY YEAH. I'M TRYING TO CLOSE OUT ONE SO WE CAN TAKE A BREAK. AND SO WE CAN GO ON TO THE NATIONALS, SO WE'RE NOT TOO FAR BEHIND. SO WITH THAT BEING SAID, WE STAND ADJOURNED AND WE WILL HAVE WHAT A FIVE MINUTE BREAK A FIVE MINUTE BREAK TO GET READY FOR THE COUNCIL MEETING AND JOIN
* This transcript was compiled from uncorrected Closed Captioning.