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From YouTube: Budget Advisory Committee February 18, 2021
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B
A
Panther
here
vice
chair
hills
here,
mr
dodge
richards,
absent
mr
kudos
here,
mr
mccoy,
here,
ms
hall
and
mr
birchman
here.
B
B
C
Well,
it's
nice
to
see
you
all
again
and
I
know
it's
been
a
while
and
that's
probably
the
president.
I
got
a
lot
of
50
pages
here.
I
just
got
all
this
good
stuff
for
you,
but
but
I
know
the
big
thing
was
covet.
19
we're
going
to
go
over
some
of
that.
What's
happened
with
the
revenues
expenditures,
financial
update
for
fiscal
year,
210
2020,
which
is
unaudited.
We've
got
the
auditors
here
currently
so
they're
wrapping
up
and
then
a
financial
update
of
2021
the
current
year
through
december.
C
Covet
19.,
you
know
I
might
have
seen
this
slide
already,
but
we
back
when
it
started.
We
started
to
do
a
month-to-month
comparison
of
the
sales
tax
receipts.
The
main
sales
tax
receipts
are
the
half
cents
sales
tax
down
here
the
revenue
sharing
the
penny
and
the
gas
tax.
C
C
So
the
half
cent
sales
tax
was
down
105
000
for
these
five
months
and
then
going
on
the
line
with
the
revenue
sharing,
penny
and
gas
tax
for
a
total
of
297
thousand
dollars.
We
were
down
in
these
four
sales
taxes
for
those
months
now
it
started
to
turn
a
little
bit
better
in
august.
That's
in
the
green
here.
You
know
where
we
were
negatives
in
the
totals,
but
then
we
we
were
in
the
positive
27
000
here
and
then
146.
C
september,
getting
into
the
first
three
months
of
this
year
same
sort
of
slide,
I'm
still
seeing
improvement
same
for
revenue,
sales,
tax
revenues
still
seeing
the
positive
numbers
here
for
an
overall
positive
of
fifty
seven
hundred.
We
didn't.
We
don't
have
the
penny
money
for
december,
but
if
we
did
it
would
I
increase
this
a
little
bit
more.
C
C
So
that's
why
it's
the
same
amount
each
month
going
down
one,
what
they
usually
do
or
what
they
do
in
june
of
2021
this
year
they
go
back
and
adjust
it
and
I'm
expecting
a
decent
size,
probably
positive
adjustment
for
the
year.
So
I'm
hoping
that
at
the
end
of
the
year
you
know
we'll
be
not
as
a
bad
as
well.
C
C
Trying
to
just
go
into
actual
numbers
at
the
end
of
the
fiscal
year,
those
same
revenue,
sales,
tax
revenue
at
the
end
of
2019.
What
we
had
for
those
2020
in
total
for
the
year
revenue
sharing
was
down
67
000,
half
cent
79
000
penny
was
actually
up
40
000
because
it
had
some
increases
in
the
first
few
months
that
offset
the
negatives
and
then
gas
tax.
C
You
know
people
weren't
traveling
is
down
33
000,
so
for
a
total
negative
140
000
for
the
year,
comparing
2020
at
the
end
of
the
year
to
2019
and
then
some
other
revenues
that
were
affected
were
the
recreation
fees
for
the
year
down:
171
000,
cultural
performing
art,
ticket
sales,
down
139
000
for
the
year
interest,
earnings
down,
138
000,
where
we
were
earning
up
to
three
percent
a
couple
years
ago.
Now
we're
under
one
percent
utility
penalties,
turn
on
fees.
They
were
waived
for
five
or
six
months.
C
We,
that
was
a
revenue
reduction
of
131
000
without
assessing
penalties
and
turn-ons
golf
course,
revenues.
It's
a
positive
number
because,
initially,
from
being
closed,
they
were
down
down
here.
Eighty
five
thousand
dollars.
After
being
closed,
I
think
after
the
golf
course
reopened,
I
think
people
wanted
something
to
do
and
they
it
had
its
best
summer
months
from
june
july
and
august,
so
they
recouped
the
85
000
plus
ended
up
at
positive
14
000..
C
You
know
payroll
cost
paid,
sick
time,
ppe
equipment
facility
improvements,
covet
testing
and
the
big
one
was
really
teleworking,
zoom
the
equipment
for
that
and
staffing
408
thousand
dollars
what
we
did
and
what
was
available
and
we
did
apply
for
it.
We're
expecting
reimbursement,
hopefully
through
pinellas,
cares
through
the
county,
pinellas
county.
There's
a
local
government
at
corona
virus
relief
fund
we've
submitted
for
reimbursement
for
524
thousand,
so
hopefully
we'll
get
back
a
good
chunk
of
that
593
thousand
dollars
getting
into
2020.
C
Just
some
little
highlights
here:
unassigned
fund
balance,
as
we
mentioned
earlier,
going
down
about
240
000
to
8.5
million
close
to
8.6.
The
fund
balance
as
a
percentage
of
expenditures
is
32
percent.
I
mentioned
that
because
the
fund
balance
policy
is
20
percent,
which
20
would
be
5.3
million,
we're
at
8.5
million.
So
we're
still,
you
know,
3.2
million
over
the
minimum
fund
balance
based
on
the
policy.
C
D
C
D
C
D
C
We
set
it
aside,
you
know,
if
I
didn't
set
it
aside,
it
might,
it
would
end
up
an
unassigned
fund
balance,
so
I
figured
and
talked
to
the
city
manager
until
the
I
guess
the
board
decides.
What
do
they
want
to
use
that
money
for
we
just
set
it
aside
in
fund
balance
its
own
little
restricted,
perpetual
exclusive
easement
until
they
decide
what
they
might
want
to
do
with
that
money.
C
Just
trying
to
point
out
that
and
I'll
get
to
it
another
slide,
but
electrocute
224
000
over
budget,
which
was
unexpected,
but
sometimes
with
duke.
We
never
know
when
they're
increasing
the
rates
and
decreasing
the
rates
and
from
what
I
hear
for
next
year
this
year
they
are
going
to
be
decreasing
rates,
2.8
percent,
so
that
was
nice
to
get
224
000
over
budget
this
year,
construction
revenue
activity
actually
increased.
This
year
we
had
permit
fees,
came
in
46,
almost
47
000
over
budget.
C
C
As
mentioned
earlier,
another
side
police
department
received
112
000
grant
for
covet
related
expenditures
and,
as
I
mentioned
previously,
the
we,
the
524
thousand,
that
the
county
has
that
we've
applied
for
for
covet
funding
and
just
to
mention
the
cemetery
expansion
phase.
One
began
and
it's
at
a
cost
of
1.1
million
funded
by
the
cemetery
perpetual
care
fund,
which
is
a
restricted
fund
balance
in
the
general
fund.
C
Some
other
items
in
the
water
and
sewer
fund
so
far
unaudited,
yet
but
fund
balance
has
increased
by
a
million
to
9.2
million,
but
mostly
due
to
revenues
coming
in
over
budget
and
two
larger
capital
projects
for
sea
breeze,
drive,
sewering
and
a
water
well
project
sea
breeze
drive
sewing
is
about
a
two
two
million
dollar
project
and
the
new
water.
Well
project
is
about
a
1.1
million
project.
C
Water
consumption
was
up
this
in
2020
3.5,
which
was
nice,
because
I
think
that's.
Why
part
of
the
reason
why
the
revenues
were
over
budget,
I
budged
a
little
conservatively
on
the
on
the
revenue
budget
for
2020,
because
the
previous
two
years
we
had
three
percent
declines
each
year.
So
I
go
well.
This
is
going
to
be
a
trend.
We
might
have
another
three
percent,
so
it
was
nice
to
see
the
the
consumption
increase
issue.
Maybe
people
sitting
home
more,
I'm
not
sure
if
fluent
was
also
up
eight
percent.
C
A
lot
of
it
was
due
to
the
new
line
that
was
put
out,
the
west
women's
subdivision
for
reclaim
and,
as
mentioned
water
sales
came
in
371
000
over
budget
sewer,
317
over
317
000
over
budget
and
just
to
mention
the
the
one
debt
the
city
has.
Besides
the
fire
truck
lease
because
the
water
plant
bond
we
paid
940
000
in
the
principal
this
year.
C
Some
other
governmental
funds,
some
things
that
have
happened,
impact
fees
came
in
slightly
over
budget
impact,
free
rate
study
was
done,
rates
were
for
police
fire
library,
parks
and
recreation,
and
general
government
in
total
were
reduced.
35
percent
per
charter
changes
the
seat
does
well.
What
formerly
was
the
street
and
sidewalk
improvement
fund
was
changed
to
the
sidewalk
improvement
fund
and
100
000
of
that
was
used
towards
sidewalks
this
year.
C
The
balance
remaining
is
one
point:
the
fire
ladder
truck
was
purchased
by
lee's
purchase,
one
million
nine
nine
four
thousand
a
five
year
lease
at
three
point:
eight
three
point:
zero:
eight
percent.
C
The
penny
fund
received
three
hundred
thousand
from
pinellas
county
as
part
of
the
dredging
agreement
for
the
anklet
river.
The
penny
fund
had
about
4
million
of
capital
expenditures
during
2020.
Some
of
the
bigger
ones
were
the
fire
ladder,
truck
police
vehicles
and
cloak
river
dredging
court
street
improvements,
library,
improvements
and
cultural
center
improvements.
B
C
C
Engineering
work
is
has
began
on
relocation
of
the
yard
waste
facility
due
to
mirrors
boulevard
construction
and
some
turn
lanes
there.
Also
storm
motor
fund
came
in
40
000
over
budget
palm
avenue
was
a
big
project
for
storm
water.
Had
expenses
of
693
thousand
a
swift
mud
grant
is
going
to
reimburse
almost
250
000
pint
growth
stormwater
project,
which
is
this
big?
If
you
see
a
bunch
of
big
pipes
over
here
next
to
the
on
the
other
side
of
the
east
side
of
the
building.
C
C
You
know
still
had
an
increase
of
14
000
in
fees
over
the
year
due
during
this
due
to
the
summer
months
and
golfers
and
coming
out.
The
golf
course
like
I
just
want
to
mention.
Like
a
majority
of
municipal
golf
courses
are
in
a
negative
financial
position.
What
we've
done
here
to
try
to
reduce
a
negative
position
is
we've
eliminated.
The
interfund
transfer
to
the
general
fund
has
been
eliminated
one
time
years
ago.
C
It
was
250
000
we
gradually
brought
it
down,
and,
and
now
we
just
we
just
zeroed
it
out,
no
more
transfer
to
the
general
fund
rates
were
increased
slightly,
not
much
and,
like
I
say,
hopefully
with
some
good
weather,
we'll
see
an
increase
in
golf
course.
Revenues
and
it's
always
dependent
on
that
weather
and
what's
going
on,
marina
fees
were
increased
on
december
3rd.
2019
revenues
increased
61
000
over
the
previous
2019
and
with
this
series,
because
before
this
increase
operating
revenue
was
maybe
down
20.,
it's
a
small
fund.
C
This
may
be
a
hundred
thousand
revenues
a
year,
but
it
was
the
revenues
were
down,
maybe
20
000
a
year
and
we're
starting
to
see
it
creeping
into
the
negative
fund
balance.
So
hopefully,
with
the
increase
in
revenue
fees,
we
can
keep
that
fund
more
stable
and
in
a
positive,
a
fund
balance
and
marine
improvements
were
completed
in
the
fall
2019.
The
cost
of
that
was,
you
know,
618
thousand
dollars,
some
other
financial
items
and
you
you
might
know.
Maybe
this
was
brought
before
you,
but
we
the
investment
policy.
C
We
increase
the
limit
on
cds
to
40
and
treasury
bills,
debt.
You
know
we
paid
the
the
debt
payment
on
september,
1.5
million
on
the
water
plant
bond
fire
ladder
truck.
We
made
the
first
payment
in
june
on
that
239
000.
budget
resolutions.
We
had
three
of
them
during
the
year.
You
probably
heard
about
them.
The
first
one
was
bring
over
stuff
from
the
previous
year
2019..
C
Auditors
we
have
we're
in
we've,
got
the
auditor
firm
internal
order
where
we
contract
out
we're
almost
done
with
the
payroll
timekeeping
audit,
we're
going
to
meet
with
them
next
week
on
that
the
external
audit,
as
we
were
talking
about
earlier,
is
the
new
firm,
mauldin
jenkins
they're
here
right
now,
they've
been
here
in
how,
in
the
building
for
two
weeks,
follow
five
of
them,
so
it's
their
first
year,
so
they
got
a
lot
of
questions
and
stuff,
and
so
they,
the
audit,
has
to
be
done
by
the
end
of
march
to
be
in
compliance
with
the
state.
C
Some
numbers
on
the
general
fund
during
for
2020
had
ended
up
so
far
unaudited.
I
know
there's
a
lot
of
numbers
I
just
on
here.
I
just
want
to
focus
on
you
know
you
talk
about.
Okay,
we
lost
all
these
revenues
and
stuff
in
in
the
general
fund.
C
C
I
try
to
I
separate
out
the
restricted
expenditures
from
unrestricted
and
really
we
came
in
seventy
thousand
dollars
under
budget
on
those
on
those
expenditures.
So
some
some
good
positive
numbers
here
compared
to
you
know
when
kovitz
started,
we
were
thinking
we're
gonna
go
down
four
or
five
hundred
thousand
dollars
in
the
in
revenues.
You
know
which
we
almost
did,
but
in
unassigned
fund
balance
too.
C
The
other
evidence
that
helped
offset
the
you
know
the
loss
and
from
covert
revenues,
the
sales
tax
and
all
those
other
revenues.
You
know,
like
I
mentioned
earlier,
utility
tax
electric-
it
was
2.3
million
in
2019,
ended
up
two
point:
almost
2.5
million
in
2020.,
so
an
actual
wise
143
000
more.
C
C
B
B
B
C
C
These
are
some
of
the
bigger,
let's
say,
go
into
more
detail,
but
the
general
fund
has
like
about
150
line
items
of
revenue.
There
are
some
other
ones
in
between
there,
where
we
had
20
000,
positive,
20,
000
negative.
I
just
didn't
want
to
show
all
those
and
stuff,
so
I'm
just
trying
to
hit
the
bigger.
C
Sure-
and
hopefully
I
don't
know
if
you
can
see
this,
but
this
is
getting
to
the
fun
balance
of
the
general
fund,
the
different
parts
of
money.
You
know
it's
broken
down
between.
C
C
So
just
going
across
here
we
have
the
cemetery
perpetual
care
which,
at
the
beginning
of
the
year,
had
almost
1.9
million
revenues,
came
in
at
255
000.
at
1.2
million
of
expenditures.
Now
this
includes
an
encumbrance
of,
I
think
about
500
000.,
leaving
about
924
000
at
the
end
of
the
year
projected
at
the
end
of
2020..
C
I
don't
know
if
I
need
to
go
through
all
these
here,
but,
like
compensated
apple,
says
1.3
million.
We
had
an
adjustment
to
raise
it
up,
143
000.
Usually
it's
on
what
are
company
you're,
probably
going
to
wonder.
Maybe
you're
asked
what
they're
compensated
absences
if
everybody
in
the
general
fund
left
and
terminated,
or
resigned
on
september
30th
this
this
1.1
million
475
000
would
pay
off
everybody's
salary
and
their
benefits.
If
everybody
left
from
the
general
fund,
that's
the
money,
that's
reserved
off
there,
usually
that
143
000
it's
only
like,
maybe
35
000..
C
What
we
found
out
there
was
a
lot
of
people
didn't
take
vacation
time,
including
myself.
I
guess
I
didn't
get
time
to
so.
We
saw
this
bump
up
a
little
higher
here.
You
know,
but
it's
over
a
hundred
thousand
and
anything
how
it
anything
that
affects
the
restricted
accounts
that
143
000
is
less
money.
So
that's
got
to
come
off
of
the
unassigned
fund
balance.
I've
got
to
settle
these
restricted
balances
first
and
then,
what's
left
over
goes
into
unassigned
fund
balance.
C
At
the
beginning
of
the
year
we
were
8.8
million
and
currently
projecting
it'll,
be
8.8
million
578
000
about
240
000
less
than
the
end
of
the
previous
year.
You
know,
that's
why
I
say
at
the
beginning
of
when
kovitz
started.
We
were
thinking
this
is
going
to
go
down
four
or
five
hundred
thousand,
so
it's
not
as
bad
as
we
thought
it
was
going
to
be.
F
Ron
can
ask
you
a
question
sure
in
regards
to
insurance
and
other,
what's
built
into
that
other
with
for
the
line
for
insurance
with
other?
What's
the
other.
C
Well
it
just
what
it
is
is
we've
gotten
some
insurance
reimbursement.
It
was
just
management's
decision
to
we
paid
too
much
and
we
got
refunds,
so
we've
called
it
other
because
really
it's
not
really
tied
to
we,
we've
usually
only
been
using
it
for
to
help
out
when
we're
trying
to
budget
for
the
health
insurance
and
the
next,
maybe
the
next
year,
we've
used
that
money
for
health
to
help
with
the
health
insurance
I
put
other
there,
because
really
it
doesn't
have
to
go
to
insurance.
C
If
we
wanted
to,
we
could
use
it
for
something
else,
because
we
really
we
paid
too
much
to
the
insurance
company
and
when
they
audited
it
at
the
end
of
the
year,
they
gave
us
more
money
back.
Sometimes
we
were
getting
back,
maybe
about
30
000
a
year.
So
that's
why
I've
got
other
mention
there.
That's
just
not
for
insurance,
but.
F
C
C
Do
we
want
to
use
part
of
that
money
and
put
that
back
into
unassigned
fund
balance?
So
I
mean
yes,
there
is
thoughts
of,
but
we
just
have
to
see
how
2021
goes
and
how
the
revenues
are
coming
in.
F
C
F
No,
no!
No,
not
that
the
difference
between
155
and
forty
seven,
eighty
one,
maybe
about
ninety
thousand
dollars!
No!
No,
but
where?
Where
was
that.
G
C
Came
out
of
unassigned
fund
balance,
that
was
a
usually
that's
only
average
about
35
000,
but,
like
I
say,
a
lot
of
people
didn't
take
vacation
time
this
last
year.
I
know
maybe
they
know
where
to
go
so
the
the
vacation
time
built
up
so
when
we
calculated
it
ended
up
being
a,
I
could
say,
143
thousand
dollars
more.
C
C
For
2020
getting
into
the
water
and
sewer
phone
just
briefly
to
show
okay,
you
know
the
revenues
came
in
this
highlighted
in
green
here
with
536
thousand
dollars
more
than
what
was
budgeted
on
the
revenue
side,
and
I
could
say
a
lot
of
it
was
you
know
I
budgeted
based
on
the
previous
two
years:
consumption
being
down,
but
2020
the
consumption
used
came
up.
Three
percent
expenditures
came
in
and
highlighted
green
down
here,
3.5
million
under
budget.
They
say
a
lot
of
that
was
based
on.
C
We
had
the
sea
breeze
drive
project
for
two
million,
it
didn't
get
started
that
was
budgeted
last
year
and
the
water
rail
project
for
1.1
million
didn't
get
started
last
year,
but
they
are
budget,
and
the
budget
resolution
brought
those
budgets
over
for
this
year.
Sea
breeze
drive
has
been
approved
and
they're
going
to
start
working
on
it
soon.
C
Just
that
hit
the
top
four
revenues
of
the
water
and
sewer
fund.
You
know
night
water
sales,
9.2
million
last
year,
came
in
at
nine,
almost
9.7
million
actuals
450
000
increase
the
budget
was
9.3
million,
so
the
we
had
a
371
000
increase
over
budget,
which
is
the
you
know.
The
budget
actuals
over
the
budget
here
for
the
371
thousand
and
going
down
the
line.
Sewer
was
317
000
over
budget
fluent
35
000,
backflow
maintenance
fees,
10
000
for
a
total
of
734
000
over
budget.
C
H
H
C
C
C
This
study
sets
the
water
and
sewer
rates
and
usually
the
time
we've
done
it.
We've
set
the
rates
for
like
10
year
periods,
we're
in
like
this
we're
in
the
third
year
period
of
this
current
10-year
period.
So
but
we
try
to
do
a
revenue
sufficiency
study.
At
least
you
know
every
one
to
two
years
and
try
to
see
how
the
revenues
are
coming
in
if
our
rates
are
appropriate.
C
Another
thing
that
happened
during
in
november
was
a
duke
energy
electric
franchise
agreement.
We
had
a
30-year
agreement,
it
expired.
It
was
reapproved
on
by
the
board
on
november
10th
for
10
years,
with
two
successive
five-year
renewal
periods,
the
good
thing.
With
this
new
agreement,
the
city
will
receive
approximately
120
000,
more
additional
revenue
annually
in
the
general
fund
off
the
electric
franchise
fee.
They
used
to
be
able
to
in
the
previous
agreement.
Whatever
taxes,
property
taxes
duke
paid,
they
could
deduct
it
off
what
they
you
know.
C
They
collect
their
money
for
the
residents
for
the
franchise
fee.
They
could
deduct
their
property
taxes
off
that
that
they
took
that
they
took
that
out.
So
now
they
can't
deduct
those
property
taxes
off
what
they're
reimbursing
the
city
for
the
franchise
fees
they
collect
from
this
residents
and
businesses,
the
police
and
fire
three-year
union
contracts
through
2023
were
approved.
C
Voters
approved
the
purchase
of
property
at
61,
west
tarpon
avenue
sale
was
finalized
november
25th
in
the
amount
of
659
000.
it
was
purchased
from
the
cra
fund.
Also,
a
three-year
fund
loan
was
approved
in
the
amount
of
300
000
to
help
out
the
cra
fund
water
consumption
used
by
customers
still
looking
good.
It's
up
approximately
three
percent
this
year.
Affluent
consumption
is
up
approximately
four.
C
Now
I
I
usually
gotta
talk
about
interest
earnings.
You
know
I
like
it
when
they're
going
up
and
we
were
getting
three
percent
or
more
percent.
I
just
put
something
here
to
say
example
on
our
40
million
dollar
in
portfolio.
If
we
we're
down
2,
you
know
that's
cost
in
the
city,
800
000
a
year,
less
than
interest
earnings
and
as
always
investments
we
must
comply
with
the
investment
policy
on
what
we
invest
in.
C
Yeah-
and
I
think
we
brought
it
before
you
all,
because
we
wanted
to
and
the
board
because
we
were,
we
could
only
do
25
in
cds
and
what
happened.
Sometimes
it
depends
on
the
market.
Sometimes,
cds
are
paying
better
or
sometimes
federal
instruments,
and
at
that
point
it
seemed
like
cds
were
paying
better
and
they're
protected
by
the
state
by
the
collateral
pool.
So
it
just
seemed
like
why
can't
we
go
instead
of
25,
so
we
raised
it
to
40
same
with
treasury
bills.
C
C
Investments,
what
I'm
trying
to
do
is
I'm
staying
short,
maintaining
that
short
duration,
longer
term
investments
right
now.
If
I
try
to
go
out
three
years
for
a
federal
instrument,
it's
only
paying
like
22
basis
points.
You
know
I
got
excited.
C
I
can
get
30
basis
points
in
the
money
market.
So
to
me
it's
like!
Well,
I
I
have
trouble.
I
know
some
other
cities,
they're
buying
investments
for
three
four
five
years,
but
only
getting
25
30
basis
points,
and
I'm
just
thinking
god
in
four
years.
If
I
look
at
that
investment,
I
only
we're
only
getting
30
basis
points
like
I
just
got
to
film
the
markets
gonna
from
what
what
I'm
reading
is.
C
Gonna
turn
back
yesterday
said
you
know
something
like
the
federal
funds
and
treasury
bills
about
a
year
from
now,
there's
they're
thinking,
they're
gonna
start
to
creep
up.
C
So
I'm
what
I
like
to
do
is
ladder
the
investments
and
over
18
months
I've
got
cds.
I've
got
like
a
million
dollar
cd
maturing
each
month,
so
in
case
it
does
start
to
come
up.
I
can
just
roll
it
into
something
that
might
be
a
better
interest
rate
if
they
do
start
to
increase
debt.
As
you
mentioned,
we've
got.
We
got
a
payment,
a
six-month
payment
interest
only
535
000
in
april.
C
The
fire
ladder
truck
also
comes
due
for
its
second
of
five
payments:
239
000
in
april
budget
resolutions.
We
had
our
first
one
in
december
that
brought
up
mostly
bringing
over
stuff
from
2020
that
hadn't
been
started
like
sea
breeze,
drive,
sewering
and
the
water
out
projects
and
some
other
capital
projects.
C
I
don't
you
know
probably,
which
will
have
to
I'm
just
try
to
follow
to
see
how
these
revenues
go
for
the
next
couple.
You
know
by
the
time
you
all
are
meeting
in.
May,
let's
see:
okay,
we're.
You
know
we're
seven
months
into
the
years.
Let's
see
how
the
revenues
are
coming,
you
know,
do
we
do
15
or
10
or
five
percent
or.
C
Oh
wrong
way:
sorry
general
fund
for
the
current
year
through
december
25
of
the
way
through
the
year.
I
know
it's
a
lot
of
numbers,
I'm
just
trying
to
highlight
we're
at
45
actual
revenues
to
budget,
mostly
due
to
we
receive
most
of
the
property
taxes,
82
percent
of
them,
which
is
about
eight
million
dollars
in
december
expenditures,
usually
we're
25
or
under,
but
due
to
and
you'll
feel
in
the
next
couple
slides.
C
You
might
hear
this
some
more
for
the
first
time
as
long
as
I've
been
here,
we
paid
the
police
and
fire
city
contribution,
one
lump
sum
of
1.3
million
on
october
1st.
By
doing
that,
we
save
75
dollars
versus
paying
it
weekly.
As
we
were
doing,
we
paid
the
payrolls
paid
weekly.
We
did
our
weekly
contribution
each
week,
so
the
actuary
said
ron.
You
know
he
put
it
in
there.
C
You
know
if
you
want
to
go
ahead
and
pay
it
up
front,
and
really
it
came
to
about
75
000
and
with
interest
earnings
being
so
low.
It
just
seemed
like
a
no-brainer
and
stuff,
so
we
just
went
ahead.
Let's
pay
the
lump
sum
october,
1st
for
the
police
and
fire,
so
you'll
probably
see
some
more
slides
where
you
see
some
differences
from
the
previous
year
and
it's
just
1.3
million
that
we
paid
in
october.
C
C
Expenditure
is
a
red
line,
3.2
million
yeah-
that
includes
that
1.3
million
as
exp
and
because
expenditures,
usually
after
december,
will
average
a
little
bit
over
2
million
going
down
the
line
here.
Revenues
are,
you
know.
Let's
say
our
peak
month
is
november
december
january,
then
you're
going
to
just
see
this
drop
off.
You
know
revenues
average
a
little
under
2.1
million
for
the
rest
of
the
year.
C
Another
graph
of
the
same
thing:
the
revenues
with
2019
2020
to
2021,
as
you
can
see,
we're
pretty
consistently
conforming.
This
is
cumulative,
so
this
12
000
is
the
total
at
december
31st.
Whereas
last
year
we
were
11
000
477
at
december
31st.
Just
another
way
of
presenting
these
numbers
cumulative
wise.
C
C
C
C
and,
as
you
can
see
the
blue
line
and
take
a
guess,
you
know
the
difference
between
these
two
lines:
the
7.7
million
and
the
6.4
million.
Is
that
gap
is
the
1.3
million
we
paid
for
the
pension
lump
sum
contribution,
and
I
would
imagine
this
blue
line
is
gradually
going
to
get
closer
to
here
because,
as
we
have
paid,
if
we
would
have
been
paying
weekly,
these
these
lines
would
eventually
get
closer
towards
the
end
of
the
year.
C
C
The
only
other
one
I
wanted
to
point
out
was
this
one.
Here,
it's
200.
I
know
it's
hard
to
see.
287
287
000
negative,
some
of
those
because
we
didn't
receive
our
ems
money
until
for
their
third
payment,
135
000
and
our
school
resource
officer
money.
We
didn't
get
any
money
for
the
year
so
far,
but
we
got
four
months
worth
in
january.
C
C
C
Some
of
the
other
explanations
here.
Why
we're
under
25
percent
as
a
lot
of
these
state
revenues,
are
the
duke?
We've
only
received
two
months
worth:
ems
fees.
The
contract
is
set
for
1.6
million
this
year,
so
anything
else,
but
fees,
it's
to
see
permit
fees
are
have
been
this
year
still
having
some
construction
activity,
the
county
contract
for
fire
we're
getting
419
000
this
year.
C
Just
some
other
revenues,
not
quite
the
type
to
top
ten
but
school
race
officer,
and
that's
why
I
say
we
didn't
receive
anything
yet,
but
we
did
receive
122
000
mentioned
down
here
in
january
four
months
worth
the
hospital.
We
see
that
lease
up
front,
as
I
say,
performing
our
ticket
sales
are
down
33
000
from
the
previous
year.
At
this
time:
recreation
fees
down;
22
000.,
it's
nice
to
see
local
business
taxes
up
a
little
bit:
6
000,
almost
7
000
and
code
enforcement.
C
Getting
on
the
expenditure
side
of
the
general
fund
personnel
services
last
year,
we
at
this
point
december
31st.
We
had
4.7
million
we're
at
6.1
million
increase
of
1.3
million,
and
you
can
probably
guess
what
that
is.
That's
the
police
and
fire
union
where
we
paid
the
lump
sum
operating
services,
we're
down
about
103
000
and
mostly
that's
due
to
some
of
the
fees
for
contractors
for
ticket
sales
for
performing
arts
and
some
recreation
fees
are
down
capital.
C
We
got
a
big
budget
here,
but
that's
for
cemetery
expansion,
but
we
haven't
spent
some
of
that
money.
Yet
so
that's
why
there's
only
a
14
000
increase
and
I
think
that's
all
the
highlights
for
that
slide.
C
E
C
C
Okay,
was
this
the
next
sign
yeah?
Okay,
this
is
the
fund
balance
again,
you
know
general
fund,
here's
the
restricted
reserves.
Here's
the
unassigned
fund
balance
it's
hard
to
predict
to
me
right
now
what
it's
going
to
end
up
at
you
know.
I've
really
just
put
in
some
of
the
budgeted
revenues
and
expenditures
I
for
compensated
absences
I
put
in
75
000.
Maybe
it
won't
be
as
much
as
last
year
encumbrances.
C
It
should
go
down.
Last
year
the
787
000
include
the
cemetery
expansion,
so
we
usually
only
average
about
300
000
of
encumbrances
outstanding.
The
only
other
thing
I
highlighted
was
you
know.
If
the
er
is
not
done
still,
we
will
reserve
off
another
70
000,
so
it'll
bring
it
up
to
237
000
for
the
er
reserve,
that's
money!
We
would
pay
to
the
hospital
if
they
get
the
er
room
done
it's
a
tough
projection,
but
you
know
unassigned
fund
balance,
8.5
million
so
far.
C
C
C
Expenditures
are
only
at
18,
almost
19
percent
and
mostly
as
that,
those
capital
projects
haven't
gotten
into
they
haven't
started
on
those
yet
to
expense.
Those.
C
C
And
that's
this
I
know.
Maybe
you
want
to
change
from
the
general
fund
and
the
water
and
sewer
funds.
I
thought
I
mentioned
some
of
these
other
smaller
funds.
I
don't
want
to
leave
them
out,
but
they're
important
and
you
know
we
have
40
total
funds.
But
briefly,
I
just
thought:
I'd
show
you
and
this
one,
probably
the
first
one's
important,
the
hospital
lease
money
where
they
paid
us.
C
The
three
million
it's
in
its
own
separate
fund
at
the
end
of
the
year,
projecting
to
have
a
little
almost
3.1
million
the
gas
tax
fund,
hopefully
projecting
to
have
123
000.
At
the
end
of
the
year,
the
school
car
crossing
guard
fund
eight
point
two.
Eighty
two
hundred
dollars
handicapped
fund,
seventeen
thousand.
C
Our
impact
funds
police
impact
fund
projecting
out
419
000
at
the
end
of
this
fiscal
year,
fire
impact
49,
000
library
impact
404
000.
They
are
looking
for
some.
I
know
they
want
to
do
some
more
work
in
the
library,
so
they
might
be
using
some
of
that
money,
recreation
impact
32
thousand
dollars.
We
are
using
some
of
that
money.
We've
got
to
extend
panels,
trail,
184,
000
out
of
that
and
pickleball
court
75
000.
C
C
The
federal
equitable
sharing
fund-
it's
a
police
forfeiture
fund,
this
top
one.
It's
got:
164
thousand
dollars
public
art
funds
so
far,
based
on
expenditures.
I
know
of
244
000
left
at
the
end
of
the
year,
land
preservation
fund,
50,
000
recycling,
grant.
We
all
have
130
132
000
left
cra
fund
about
357
000,
and
that
is
taking
out
the
the
land
that
was
purchased
and
the
we
also
had
the
inner
fund.
Three
hundred
thousand
loan
coming
into
the
cra
fund.
C
Some
other
smaller
funds,
the
police
education
fund,
is
thirteen
thousand
police
confiscated
trust.
Twenty
two
thousand
employee
benefit:
cost
deferral,
95
000
the
capital
project
fund,
which
is
mostly
street
and
sidewalk
expenditures.
138
000
remaining
the
sidewalk
improvement
fund,
which
used
to
be
per
charter,
but
still
by
charter
was
a
street
and
sidewalk
improvement
fund.
C
We're
projecting
1.8
million
left
in
that
plan
on
using
a
hundred
thousand
year
this
year,
the
penny
fund
once
a
local
option.
Sales
tax
fund
plan
on
having
so
far
unless
something
else
comes
up,
maybe
about
493
000
left
in
that
fund.
At
the
end
of
the
year.
C
Getting
away
from
the
funds
there
and
just
meant
that
we
might
already
mention
this,
but
the
water
plant
bond
current
principle,
30.6
million
will
pay
off
975
000.
at
the
end
of
the
year.
The
balance
will
be
29.6
million
on
that
the
fire
ladder
truck
release
at
the
beginning
of
the
year,
894
000,
we'll
pay,
216,
000
a
principal
and
we'll
believe
a
balance
of
677
000.
C
and
enter
from
loans
from
one.
You
know.
One
fund
to
the
other.
We've
got
five
of
them.
Sanitation
fund
of
the
golf
course
fund,
we'll
have
a
balance
left
of
101
thousand
risk
management
fund.
The
general
fund
that'll
be
paid
off
sanitation
fund
to
the
fire
impact
fund
for
building
the
station
71
142
000.
C
C
C
Just
to
hit
some
of
the
major
capital
projects
this
year
by
type
we've
got
general
government
sponge
docs
interest
way
sign.
We
budget
135,
000.
nothing's
been
expensed
incumbent
at
all,
so
we
still
have
that
money
sitting
out
there
welcome
signs
at
for
the
2021
budget.
113
000
looks
like
we've
got
that
all
either
expensed
or
encumbrance,
so
the
totals
accounted
for,
leaving
no
money
left
public
safety.
C
C
Physical
environment,
cemetery,
expansion:
this
is
this:
this
year's
portion
some
of
his
expense
in
the
previous
year,
565
000,
it's
all
accounted
for.
So
there's
none
left
the
future
wall.
Water
well
project,
which
was
one
of
these
ones,
budgeted
in
the
previous
year,
almost
1.1
million
they're
starting
that
project
pin
row
storm
water,
that
big
project
for
3.2
million,
some
expenditures,
the
rest
of
the
purchase
order
are
encumbered
and
no
money
left
there.
That's
all
accounted
for
the
water
and
sewer
is
doing
a
water
sewer,
distrib
collection
building
out
by
the
water
plant.
C
H
C
H
C
C
Getting
in
the
transportation
related
capital,
we
got
mirrors
boulevard
phase,
one
construction,
866,
000.,
meers,
boulevard
yard,
waste,
turn
lanes
about
347
thousand
and
cloaked
dredging
six
hundred
forty
two
thousand
and
quote
turn
basin.
Six
hundred
thousand
and
roadway
configuration
nine
hundred
forty
one
thousand.
Whatever
they're
doing
you
know,
between
huey
and
walmart
down
there
there's
an
f
dot
that
grant
also
help
out
with
that
in
a
tune
of
250
000
economic
environment.
C
We've
got
the
land
we
purchased.
As
for
the
cra
for
659
thousand
and
there's
some
parking
downtown
for
a
hundred
thousand
budgeted
cultural
recreation
extend
pinellas
trail,
we
got
430,
000,
budgeted,
pickleball
court
75
000
welcome
signs
of
112
000.,
there's
some
other
recreation
projects,
a
lot
of
them,
50
40
30
000.
So
there
is
a
lot
of
other
culture
recreation
projects
at
the
parks
going
on.
It's
just
I'm
just
trying
to
keep
this
report
to
the
larger
dollar
amounts.
C
Getting
away
from
capital
projects
and
back
on
my
favorite
thing
investments
here,
you
know
they
have
to
comply
with
the
investment
policy.
Pension
funds
have
their
own.
The
police
and
fire
have
their
own
policies
as
I've
keep
harping
on.
I
guess
the
rates
have
gone
from
three
percent
to
two
percent
now
we're
down.
If
we
can
buy
stuff
on
the
money
market,
it's
only
at
20
to
30
basis
points.
C
Longer
term
rates
are
not
you
know
about
the
market.
So
why
go
out
three
four
years
in
my
mind,
to
get
something
like
that
when
you
think
you're
hoping
that
you
know
in
a
year,
we
might
start
seeing
an
uptick
in
rates,
and
that's
why
I
say
here:
I'm
keeping
short
laddering
cds
over
18
months
and
remaining
balances
in
the
money
market
or
the
state
pools
which
I
can
get
out
daily.
C
C
I
know
you
probably
can't
see
this,
but
you
know
this
is
a
report.
You
know
what
some
reports
for
the
investments
were
required
to
get
by
the
investment
policy
to
the
board.
They
see
quarterly,
you
know,
and
it's
just
breaking
out.
I
know
you
probably
can't
see
it.
The
checking
accounts.
We
got
15
million
there,
the
cds
about
18
million
and
I've
got
them
laddered
over,
like
almost
one.
Each
month,
one
federal
instrument
I
used
to
have
like
10
or
15
of
them,
the
the
pool
with
the
fmibt,
the
florida
league.
C
I'm
sorry,
that's
a
state
board
about
10
million,
and
this
is
the
fmibt
pool
with
the
florida
league
of
cities
a
little
under
5
million
so
december
31st
we
have
about
51
million.
Now
this
is
higher
because
we've
gotten
about
8
million
of
property
tax
money,
but
usually
we're
hovering
around
about
45
46
million
in
of
cash
and
investments
out
there.
C
Something
you
probably
more
see
here,
but
here's
just
graphically
just
trying
to
say:
checking
accounts:
15
million
certificates;
that's
18
million,
no
treasury
bills,
2
million
in
federal
instruments,
15
million
in
the
local
government,
pools
and
sort
of
the
same
thing
down
here
that
it's
graphing
it
differently.
We
got
31
percent
in
the
checking
accounts,
35
percent
and
nothing
in
treasury
bills,
four
percent
in
federal
instruments
and
30
in
the
pools.
C
I
just
thought
for
my
own:
kicks
it'd
be
fun
to
you
know.
Let
me
show
you
you
know
for
my
own
sense
of
humor.
Now
I
know
here's
our
graph
from
the
previous
slide
at
12,
30
120,
where
we
were
and
here's
where
we
were
a
year
ago.
You
know
checking
accounts
were
about
the
same:
15
million
cds
have
gone
from
11
million
last
year
to
18
million
this
year.
We're
so
we're
doing
more
cds
federal
instruments
we're
at
23
million
last
year.
C
C
I
showed
this
one
too,
because
this
is
required
by
the
investment
policy
that
we
show
the
activity
for
the
most
recent
quarter
and
basically,
it's
just
showing
you
when
something
matured
transferred
or
got
called
purchase,
cds,
we're
required
to
say
what
what
the
activity
was
during
the
year
and
that's
what
I'm
trying
to
show
here.
The
date
had
happened.
What
was
transfer
mature,
what
it
was
the
percentage
that
we
were
getting
on
it
and
the
amount
of
the
investment
that
we
bought
or
what
was
called
we're
getting
there.
I'm
almost
done.
Don't
worry,
just
thought.
C
I
mentioned
budget
resolutions
this
year.
We've
had
the
one
of
course,
so
we
bring
over
stuff
that
was
not
completed
or
started
and
as
you,
these
were
outstanding
purchase,
orders,
capital
items
not
started
like
that
sea,
breeze
drive
and
the
water
well,
project
donation
balances
are
brought
forward.
C
Lastly,
but
not
least,
the
budget
for
2022,
I
just
sort
of
put
together
a
somewhat
tentative
schedule
february
we're
developing
the
budget
package
right
now.
It's
going
to
go
out
to
the
departments,
hopefully
maybe
into
next
week
or
march
1st,
to
the
apartment
heads
then
they'll
intensely
work
on
their
budgets
and
stuff
and
get
them
back
by
the
end
of
march
april.
C
Finance
department
compiles
everything
the
request,
the
payroll
capital
and
put
the
budget
together.
You
know
hopefully
get
a
budget
to
the
city
manager
by
the
end
of
april.
First
part
of
may
may
13th
or
earlier
get
the
budget
books
to
the
but
yourself
the
budget
advisory
committee
I
put
in
some
tentative
budget
advisory
meeting
dates.
We've
usually
met
on
thursday.
C
I
don't
know
if
it'll
work
out,
but
that
may
20th
27th
june
3rd,
which
is
when
you
meet
with
the
department
heads
on
the
2022
budget
july
2012.
Maybe
roughly
around
there
get
the
budget
to
the
commissioners
I
put
in
some
tentative
board
commissioner's
budget
workshops.
They've
usually
sometimes
had
them
on
thursdays.
I
put
down
july
29th
august
5th
august
12th,
I'm
not
sure
if
those
will
work
out
or
some
people
are
on
vacation.
C
Tentative
public
hearing
dates:
I've
got
september
7th
a
tuesday
for
the
first
public
hearing
and
september
22nd
the
wednesday.
It's
probably
something
we're
going
to
have
to
look
at.
Usually
we
do
september
3rd,
which
last
year
was
a
thursday
this
year,
it's
a
friday,
so
I
don't
know
if
we
want
a
first
public
hearing
on
a
friday.
C
And
we
can't
do
it
before
state
statutes.
We
can't
do
it
before
the
third.
So
that's
why
I
said
not
this:
if
not
the
tuesday,
the
third,
maybe
I
mean
the
friday,
the
third
maybe
tuesday,
the
seventh
there's
no
regular
board
meeting.
Maybe
we
do
the
first
public
hearing
on
the
seventh
and
then
have
the
second
public
hearing
on
the
22nd,
and
what
we
also
take
out
to
take
into
account
is
the
public
our
public
hearing
dates.
C
They
can't
be
on
the
same
day
as
the
the
county,
which
the
county
has
their
first
public
hearing
on
september.
9Th
they
have
their
second
one
on
september,
21st,
the
tuesday
and
the
school
board
has
their
one
meeting
on
tuesday
september
14th.
So
we
cannot
have
our
meetings
on
the
same
days
as
the
county
and
the
school
board.
B
C
B
B
I
guess
that
the
deadline
for
them
to
submit
the
applications-
if
I
read
this
correctly,
is
our
fifth,
so
that'd
be
our
next
meeting
right
right
right
right.
Michelle.
B
D
G
I'm
trying
to
remember
I'm
trying
to
forget
that
we
ended
up
with
two
to
interview.
I
forget
what
happened
with
three
or
four.
I
think
we
started
three
one
went
out.
We
had
two
that
they
had
the
full
interview
process
with
yup.
They
decided
one
over
the
second
one
and
shortly
after
we
kept
getting
questions
from
that
candidates
and
more
questions
and
more
considerations
and
she
decided
to
stay
with
st
leo
college,
which
we
were
wondering
or
me,
but
I
got
a
suspicious
mind
because
of
my
background.
G
Sometimes
I
thought
we
were
maybe
being
leveraged
over
the
position.
Now.
Maybe
we
were
maybe
weren't
but
whatever,
when
the
question
started
coming
in
after
the
choosing
we
got
worried
and
then
she,
finally,
when
we
said
listen,
you
need
to
come
or
not
come.
She
declined.
The
commission
decided
the
second
one
they
interviewed
they'd
rather
go
out
for
another
pool
to
look
at
some
of
you
got
to
go
on
these
some
of
these
fast
because
they
get
a
job
by
the
time
we've
reviewed
and
get
them
and
stuff
they've
got
other
jobs.
G
I
think
that's
how
we
lost
a
few
of
the
other
candidates
for
the
list,
but
we
had
somebody
we
thought
was
ready
to
come
and
ready
to
go
and
came
to
the
bowl.
That's
ready
to
get
forward
and
doing
it
and
then
then
it
didn't
happen.
So.
G
D
B
D
B
B
No,
I
don't
know
how
I'm
thoroughly.
I
can
talk
a
lot,
but
he's
impressive.
Okay,
a
board
comments.
I
think
we
all
got
everything
hashed
out.
Any
anybody
have
anything
left
to
say.
Okay,
our
next
meeting
is
march
18th,
which
we
just
discussed
featured.
Does
anybody
have
any
items
for
that
agenda?
Besides
the
internal
auditor
and
you
want
discussed
if
so,
just
reach
out
to
michelle,
we
will
adjourn
at
307
pm.
Thank.