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From YouTube: Budget Advisory Committee July 20, 2023
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A
B
C
Look
good
evening
committee:
well,
we
wanted
to
first,
you
know:
go
over
a
couple
slides
with
you
that
have
been
brought
before
the
board
since
you're
all's
last
meeting
and
then
there's
been
a
we've.
Had
there's
been
two
budget
workshops.
Now
there
was
one
on
the
12th
and
then
there
was
one
just
this
past
Tuesday
on
the
18th.
C
C
As
you
know,
but
you
probably
know
this,
the
first
proposed
budget
book
was
five.
May
26.
I
talked
about
your
all's
meetings
with
the
going
through
all
the
with
the
department
heads
on
their
budgets.
We
made
some
revisions
to
the
budget,
and
now
we
revise
the
budget
as
July
7
2023
and
both
of
the
revised
budgets
are
on
the
city
website.
What
I
call
the
executive
summary
and
the
other
one?
C
That's
more
three
ring
binder
detail
if
you,
if
you
need
it
for
the
board,
I
just
tried
to
describe
some
of
the
things
that
are
in
each
budget
book.
The
three-ring
book
details
a
lot
of
details.
Basically,
four
four
reports
is
put
together
by
funds.
You
know
with
the
revenues,
expenditures,
justification
of
expenditures
and
Personnel
schedules.
C
And
then
there's
the
executive
summary,
which
has
a
lot
more
information.
It
takes
all
that
detail
information
for
for
the
one
year,
but
it
also
has
prior
year
information.
It
has
information
on
Personnel,
property
values,
middle
age
rate,
debt,
Community
profile
and
a
lot
of
other
summary
reports
for
each
fund
level
and
I
tried
for
the
board
just
to
highlight
and
then
yellow
there.
What
were
important
reports?
C
You
know
if
you
just
wanted
to
get
a
glance
and
get
an
idea
of
the
budget
where
to
look
like
the
executive,
summary
budget
budget
message
and
we've
also
added
in
the
Strategic
plan,
with
the
goals
and
objectives
and
then
the
major
Revenue
sources
of
the
city.
If
you
want
to
know
the
major
Revenue
sources,
the
description
of
it,
a
little
history
of
it,
that's
on
page
starts
on
page
27
of
that
book,
and
then
the
description
of
the
CIP
in
the
very
back
of
the
executive
summary
is
the
CIP.
C
So
I
want
to
just
highlight
some
pages
that
were
back
in
the
CIP
section.
You
know
the
one
page
is
really
good
is
that
it's
highlighted
in
yellow
is
a
CIP
summary
Pages
338
to
339.
If
you
want
to
see
all
the
CIP
projects
for
the
five
years,
they're
all
listed
down
on
the
five
pages
on
each
year
from
24
25
to
6,
27
28.
C
Getting
it
to
the
budget
as
it
currently
is.
It's
now
a
budget
of
76
million,
that's
highlighted
in
Yale.
There
are
76
million
three
hundred
ten
thousand
nine
fifty
three,
it's
an
increase
of
624
000
over
the
previous
adopted
budget
from
last
year
and
then
down
below
I'm,
just
trying
to
show
the
the
largest
funds,
which
is
a
general
fund,
a
budget
of
33
million.
C
The
general
fund
is
43
of
the
of
the
total
City
budget.
Then
going
down
there's
a
there's,
a
water
and
sewer
fund
coming
in
at
you
know:
20
million
the
sanitation
funded
8
million
Penny
fund
at
4
million.
The
arpa
fund
is
177
000.
I
just
sort
of
wanted
to
highlight
that,
because
last
year
I
budgeted
a
placeholder,
because
arpa
was
just
starting
of
of
about
three
million
dollars.
C
So
what
I
plan
on
doing
I
told
the
board
is
I
took
out
what
would
I
did
budget
this
year
was,
in
the
first
budget,
run
of
about
three
million
dollars,
because
what
I'm
going
to
do
is
bring
the
arpa
projects
forward
on
a
budget
resolution,
the
first
one
in
the
new
year,
so
I'll
have
the
exact
balances
that
are
being
carried
forward
into
the
new
year
and
then
the
stormwater
funded
2
million,
and
then
the
golf
course
fund
just
a
tad
under
2
million.
So
those
seven
funds
right.
C
What
change
from
the
original
budget
book
when
you
went
through
with
the
Departments
as
I
probably
might
have
said,
but
the
original
budget
was
80
million
985
000..
Now
it's
a
76
million,
it
went
down.
4.6
million
and
a
big
bulk
of
as
I
took
the
ARP
out
because
there
was
sort
of
a
placeholder
in
there.
I
think
I
had
a
concern
when
we
had
the
first
public
hearings
like
a
preliminary
budget
hearing
and
I
think
the
board
saw
the
80
million
dollars
for
the
budget
and
I
go.
C
You
know,
I
put
in
a
placeholder
of
3
million
ago,
I
really
I,
don't
know
if
I
should
have
that
in
there.
So
I
talked
to
city
manager
said
no
take
that
out,
so
I
brought
it
back
down
and
we
made
some
other
things
department
heads
when
it's
their
budgets
and
cut
up
between
one
and
one
and
a
half
percent
of
their
operating
expenditures.
C
Finance
Shane
and
I
went
into
the
budget
and
tried
to
see
if
there's
anything
else,
sticking
out
that
we
should
adjust
for
and
we
went
through
that.
Capital
adjustments
were
made,
especially
in
the
water
and
sewer
fund.
We're
going
through
a
water
and
sewer
Revenue
study
right
now
and
we're
trying
to
reduced
some
capital
in
there
because
of
the
cost,
the
increase
in
the
operating
cost.
C
Some
of
the
assumptions
in
the
budget
we
have
three
funded,
safer,
Grant
positions.
We
have
three
funded
by
County.
The
county
wanted
to
start
at
the
last
half
of
the
year
starting
April.
First,
it's
the
first
time
they're
funding
these
three
positions,
which
are
for
our
Newt
rescue
transport
vehicle
that
I
don't
think
we're
going
to
get
for
another
year
or
so
yeah,
but
they're
going
to
start
funding
it
for
us,
it'll
be
funded
annually
thereafter,
but
they
they
wanted
to
sort
of
wean
us
into
it.
C
C
We
think
we're
going
to
get
those
actual
premium
pretty
soon.
If
so,
we'll
know
that
we're
hoping
it's
a
little
under
the
10
percent
and
then
the
police
for
the
the
pensions
for
police
and
fire
we've
got
the
extra
required
contributions
for
the
city.
You
know
police,
829,
000,
fire,
588
thousand
and
then
the
general
employees
to
find
contribution
plan
is
just
the
nine
percent
for
the
off-year
wages
for
the
general
employees
workers
comp.
We
budget
10
increase
property
insurance.
C
We
did
50
percent
HR
Director
a
couple
months
ago,
told
us
a
lot
of
these
rates
are
increasing
with
the
Hurricanes
down
south
of
us
and
stuff,
so
we
budgeted
a
50
increase.
We
don't
know
the
actual.
What
the
actual
premium
is
going
to
be
yet
and
liability
liability
insurance.
We
budgeted
a
10
increase.
C
Now
I
know
there's
a
bunch
of
numbers
on
here,
but
just
to
put
some
dollar
amounts
to
them.
You
know
with
the
new
positions
and
what
I'm
trying
to
show
here
is
the
new,
the
new
positions
at
the
top,
the
total
cost
to
the
city
and
then
the
general
fund
portion,
so
the
cost
of
the
new
positions
for
the
for
the
total
cities,
401
000
and
but
for
the
general
fund.
It's
142
000.
we've
got
the
safer.
C
The
pay
increases
at
the
five
percent.
We've
got
the
cost
of
the
increase.
One
point:
almost
1.3
million
total
City
910
000
of
that
is
the
general
fund,
and
then
we
got
the
health.
Dental
and
life
insurance
increases
with
the
cost
for
total,
City,
438
000
and
then
I
thought
I'd
show
in
the
middle
column
there.
What
is
the
total
cost
of
the
insurances
which
come
to
4.8
million
for
health,
dental
and
life?
And
then
the
general
fund
portion
at
285
000
and
then
the
retirement
plans.
C
You
know
the
cost
of
the
increase,
the
total
cost
and
then
the
general
fund
portion
workers
comp
same
thing:
the
cost
total
cost
and
then
the
total
City
cost
total
cost
and
then
the
general
fund
portion
and
then
down
the
last
one
is
property
liability,
insurance.
The
of
course
the
the
cost
for
total
City,
the
total
cost
of
the
insurances
and
then
the
general
fund
portion.
C
Haven't
heard
yet,
but
we
have
heard
of
the
health
insurance
I
think
is
going
to
come
before
the
board.
We
think
we've
heard
maybe
seven
percent
on
the
health,
insurance
and
zero
percent
on
the
dental,
but
those
are
the
only
two
we've
heard
about
so
far
so
just
trying
to
show
in
the
dollar
amount.
You
know
the
how
much
the
costing
for
the
increase
of
the
main
drivers
of
the
increases
in
the
in
the
budget.
C
Just
comparing
those
same
revenues
going
from
2023
to
2024,
you
know
taxes,
we've
got
the
1.9
million
dollar
increase
in
taxes,
that's
mostly
the
property
taxes
at
about
1.4
million,
and
then
you
got
permits
and
fees
and
our
governmental
charges
for
services
charges
or
service
is
the
main
thing
is
sort
of
spread
across
funds.
The
biggest
one
of
that
1.5
million
is
highlighted.
There
was
500
000
for
the
in
the
sanitation
fund.
That's
the!
Since
the
car
the
contract
went
up
with
Waste
Management,
that's
the
increase
for
that.
C
So
it's
like
500
000
in
the
waste
management
I
think
there
was
300
000,
Water
and
Sewer
300,
000
and
then
general
fund
and
a
couple
hundred
thousand
I
think
in
stormwater
with
the
sort,
so
it
sort
of
spread
across,
but
the
highest
one
was
the
sanitation
contract,
and
then
we
had
fines
and
forfeitures
interest,
we're
seeing
a
better
rate
of
return
on
our
investments
this
year
miscellaneous
and
then
non-reviews
transfers
reserves,
and
so
so
far,
even
if
you're
looking
at
you
know,
the
budget
in
total
is
going
up
to
624
000.
C
So
it's
not
the
4
million
it
was
before.
But
624
000
for
a
point:
eight
three
percent
increase.
C
And
then
this
is
just
showing
the
numerical
value
for
the
for
those
same
expenditure:
categories
for
personnel
operating
capital
and
the
you
know
the
biggest
increase
is-
is
a
Personnel
out
of
the
2.4
million,
which
is
mostly
wages,
Health
life
and
dental,
and
the
pension
contributions
operating
expenses.
We're
seeing
a
big,
a
big
increase
in
our
operating
expenses.
C
So
that's
that
2
million
there
for
that
and
5
million
for
Capital,
mostly
that
is
we've-
saw
almost
I-
think
it's
1.8
million
reduction
in
capital
in
the
water
and
sewer
fund
and
the
balance
is
3
million
from
the
arpa
fund
that
we
had
in
there
last
year
in
last
year's
budget
getting
to
the
general
fund,
it
has
an
increase
in
budget
of
2.1
million
or
6.87
percent.
C
The
general
fund
revenue
is
the
biggest
category.
Is
taxes
highlighted
there
at
56
percent,
followed
by
looks
like
charges
for
services
at
11
percent.
C
Expenditure
by
function,
expenditures
by
function,
the
biggest
category
there
is
Public
Safety
at
55
percent
than
followed
by
General
government
at
20
percent
and
then
expenditures
by
type,
and
this
is
where
Personnel
Services
are
the
biggest
category
of
the
general
fund
at
71
percent
and
followed
by
operating
at
24
percent.
C
The
millage
rate,
when
we
first
met,
we
did
the
first
budget
book.
We
heard
the
estimate
was
12.33
percent
increase
in
taxable
values
it
went
down.
We
got
the
certified
values
on
July
1st
that
went
down
to
11.67
percent.
It
was
about
eighty
thousand
dollar
reduction
in
revenues
in
the
general
fund,
so
not
too
bad.
That's
still
bringing
in
total
property
tax
revenues
of
13.8
million
to
the
general
fund
and
that's
41.6
of
the
general
fund
budget.
C
Next
week
on
July
25th,
as
required
by
state
statutes,
the
city
needs
to
decide
what
to
propose
maximum
millage
rate
is,
and
the
city
is
going
to
go
with
something
we're
going
to
it's
being
advised
to
leave
it
at
5.37.
But
the
board
will
assigned
the
dr-420s
that
go
to
the
state.
What
our
cities
proposed
maximum
millage
rate
is.
C
Yeah,
you
might
have
seen
this
graph
many
many
times
and
I'm
not
sure
if
I
showed
it
to
you
before.
But
it's
you
know
it's
just.
What's
making
up
the
ad
Valerian
revenues,
it's
the
millage
rate
in
the
top
left
graph,
we're
showing
the
history
from
2007
of
our
millage
rate,
the
taxable
values
on
the
far
top
right
graph,
showing
you
know
the
taxable
value
in
the
very
top
right
there.
The
two
point:
almost
2.8
billion
taxable
value.
C
You
take
those
two
together,
the
millage
rate
and
the
taxable
value,
and
then
that
gives
you
the
revenue
and
the
bottom
graph.
So,
as
you
can
see
from
2008
to
2013,
we
did
have
that
I
think
they
called
it.
The
Great
Recession
back
then,
where
the
taxable
values
for
the
first
time
I
think
they
went
down
in
value
which
also
decreased
our
revenues
by
1.5
million.
C
C
C
C
We
got
the
Motorola
radio
system
for
fire
for
301
000
and
we
got
the
three
debt
services
for
the
three
fire
trucks
for
water
and
sewer
I,
just
sort
of
lumped
them
all
together,
based
on
Water
and
Sewer,
because
there's
a
lot
of
items,
that's
a
hundred
thousand
two
hundred
thousand
instead
of
trying
to
list
all
of
them.
So
what
are
capital
projects
about?
Almost
1.5
million
sewer
capital
projects
1.2
for
a
total
of
2.6
million
stormwater
has
some
pipe
lining,
they're
going
to
do
for
134,
000
and
they're,
requesting
a
vehicle,
66,
000.
C
and
then
Transportation
related,
there's
annual
sidewalks,
a
hundred
thousand
Brick
Street
Road
reconstruction,
300,
000,
River,
Bayou,
dredging,
1.1
million,
a
couple,
CRA
items,
flux,
pave
and
Landscape
improvements,
and
then
culture
and
recreation.
What
Sunset
was
Sunset
Beach,
Pavilions,
50
000
mother
mirrors,
Park,
twenty
five
thousand
Library
improvements,
five
hundred
thousand
Golf
Course
50
000
for
conceptual
design
on
the
clubhouse
and
then
200
000
for
t-box
reconstruction.
C
Now
Kerry
at
the
library
is
hopeful
that
she's
been
trying
to
get
a
grant
for
the
last
few
years
that,
but
she
says
she's
on
the
list
now,
so
she
might
finally
get
her
Library
improvements
for
the
library
there
that
she's
going
for
a
grant.
So
it's
going
to
be
a
million
dollars,
total
500
000
from
the
city
and
the
grant
would
be
five
hundred
thousand.
C
Since
most
of
the
capital
is
in
the
penny
fund,
I
just
thought
I'd
show
the
expenditures,
a
five-year
projection
of
the
penny
fund.
A
lot
of
those
same
items
are
on
the
under
2024
for
the
fire
station,
the
police
vehicles
that
would
just
I
just
read
off
and
what
I'm
trying
to
show
there
is
here,
the
projects
and
the
in
the
penny
fund.
And
really,
if
you
go
down
to
the
bottom,
you
know
to
help
them
out
what
fund
balance
is
remaining.
C
and
so
forth,
but
I'm
sure
they
might
find
projects
for
that,
but
wanted
to
show
the
CRA
fun
to
the
board.
And
this
is
all
the
expenses
of
the
CRV
fund
for
the
five
years,
the
Personnel
operating
the
capital,
the
grants,
the
repayments
to
the
sanitation
fund,
the
last
one
and
the
fund
balance
Reserve
I
was
just
trying
to
tell
the
the
board
that
if
they
have
some
more
projects,
I
highlighted
in
yellow
there's
368
000,
plus
the
301
000
still
in
the
fund
balance.
C
And
the
last
slide,
I
was
just
trying
to
show
them.
Okay,
here's
the
meeting
dates
going
forward.
Last
week's
the
18th
next
Tuesday,
we
set
the
maximum
millage
rate,
the
27th,
the
third
budget
workshop
and
and
if,
if
needed,
there
will
be
one
on
August
3rd
and
then
the
trim
notices
go
out.
August
21st
on
Monday
September
6
would
be
the
first
public
hearing,
unattentive
millage
and
budget,
and
then
September
20th
would
be
the
second
and
final
public
hearing
on
the
budget
and
by
then
by
October
1st.
D
C
A
C
C
How
this
came
about
the
debt
overview
Capital
funding
a
couple
months
ago?
It
got
Direction
and
I
think
the
board.
Well,
they
wanted
me
to
give
them
an
overview
of
the
debt
and
some
funding
Alternatives,
but
they
also
involve
commissioner
kuleanos
to
be
involved
in
it.
So
we
work
together
and
we've
got
a
we
put
in
one
presentation.
My
my
first
yellow,
slides
as
I
call
them
are,
is
what
I
put
together
and
then
at
the
end,
is
what
he
put
together.
So
I'll
start
to
go
through
that.
C
Just
to
show
the
current
funding
the
debt
of
the
city,
we've
got
the
water
plant,
Bond
highlighted
in
yellow
there,
we've
got
at
the
end
of
last
year.
We
have
still
have
28.6
million.
A
principle
left
we
Debt
Service
is
is
about
a
little
over
2
million
two
million
forty
thousand
a
year.
The
interest
rate
on
the
bond
is
3.59.
It
was
funded
by
the
Water
and
Sewer
fund.
This
Bond
was
a
public
offering
it's
callable.
Now
just
was
it
available
called,
but
it's
currently
not
a
good
time
to
do
it.
C
I
talked
to
our
financial
I've,
been
in
contact
with
them
a
few
times
the
last
couple
months,
but
he
said
it's
not
a
good
time.
Interest
rates
have
gone
back
up,
but
he
has
a
little
ticker
list
for
all
his
clients
and
stuff.
So
he
says
if
there
is
a
good
time
and
rates
do
go
down
which
sometimes
they
are
talking
about
that
I.
C
So
you
know
I
guess
it
depends
on
Whose
crystal
ball
you're
looking
at,
but
but
so
that's
the
the
water
and
sewer
utility
debt
and
the
other
that
the
city
has
is
we
have
three
Fire
Truck
Capital
leases,
sort
of
staggered
out.
You
know
a
couple
of
every
other
every
couple
years
and
then
highlighted
in
yellows
of
balance
is
on
each
of
them.
The
last
truck
we
still
don't
have,
but
we
should
be
getting
that
soon
and
the
total
Capital
lease
is
a
two
million
dollars
on
on
those.
C
This
as
I
say,
the
city
has
kept
debt
financing
at
a
minimum,
and
they
you
know
that
Mark
and
I
have
looked
at.
We
look
at
other
cities
and
we
have
we
don't
have
much.
Debt
we've
looked
at
Dunedin,
Clearwater
and
and
they're
in
Dunedin
in
particular,
is
doing
a
lot
of
financing,
but
so
we
don't
have
much
debt
for
the
city.
Besides,
you
know
the
biggest
one
is
the
utility
system,
Revenue
Bond,
when
we
did
the
utility
system
Revenue
Bond,
we
had
a
credit
rating.
C
A
standard
poor
is
a
double
eight
minus
and
they
reaffirmed
that
rating
last
November.
They
they
did.
A
survey
I
had
to
perform
a
bunch
of
information
on
our
finances
and
they
came
back
and
said
well
we're
reaffirming
the
double
A
minus.
They
also
said
they
were
say
impressed
that
you
know
we
had
a
good
fund
balance
and
they
said
you
know
they'll
re
resurvey
in
a
couple
years,
and
they
said
you
know
it
could
possibly
go
up.
C
You
know
double
A
minus
to
just
a
double
A,
so
that
was
it
was
good
news
to
say
that
they
what
they,
how
they
reaffirmed.
The
rating
it
seemed
like
we
were
strong
in
Staples
how
they
termed
it
informational
I,
just
said
on
the
board
that
anything
over
10
years
has
to
go
out
for
referendum
per
the
city
Charter
any
financing
over
10
years.
You
can
do
10
years
without
going
before
the
the
public,
but
over
10
years
you
go
out
to
go,
have
to
go
out
for
a
referendum.
C
Why
do
local
governments
issue
that?
Well,
if
you
don't
have
it
in
the
budget,
you've
got
to
look
for
the
money,
for
it
mitigate
rising
and
construction
costs.
We
know
that
you
know,
along
with
our
operating
costs,
going
up
to
last
year
a
year
and
a
half
our
Capital
costs,
and
these
projects
have
doubled
and
tripled.
C
You
can
do
pay
as
you
go
or
you
can
have
future
rate
payers
pay
it
who
benefits
from
the
capital
project.
You
know
when
you
do.
Financing
and
historically
interest
rates
for
municipalities
are
low
because
it's
tax
exempt.
C
C
The
our
financial
advisor
said
that
you
know
Banks
really
don't
prefer
to
go,
go
longer
than
20
years
on
the
on
the
bank
loans,
the
public,
offering
that's
where
the
government
sells
bonds
to
the
public,
like
our
water,
our
utility
revenue
bond,
that
we
have
easily
do
those
for
a
longer
time.
Right
I
mean
it's
a
longer
timeline
to
receive
the
loan.
C
You
know,
especially
if
you
have
to
go
out
for
referendum
higher
issuance
costs,
they're
good
for
larger
projects
and
financing
up
to
30
years,
the
type
of
bonds
out
there
are
revenue
bonds,
which
is
a
revenue
bond,
is
backed
by
Just,
One
Source.
They
say
the
penny
fund.
You
could
just
get
a
bond.
We
have
done
some
in
the
past
where
you
get
a
revenue
Bond,
it's
just
backed
by
the
penny
revenues
and
then
there's
something
called
Covenant.
The
budget
appropriate.
C
C
I
I
got
a
you
know
some
Ransom
numbers,
you
know
comparing
them
with
our
financial
advisor
just
some
examples
for
the
board.
Okay,
the
top
line
is
okay,
fine
say
we
did
five
million
in
financing
over
six
years.
I
chose
six
years
because
there's
only
six
years
left
in
the
penny
fund.
Hopefully
it
gets
renewed.
It's
been,
it's
been
renewed
four
times
so
far.
C
It
goes
for
10-year
periods,
but
that's
why
I
did
six
years,
because
that's
only
you
can't
really
do
seven,
because
we
really
don't
know
if
we're
going
to
get
the
penny
again,
but
we
hope
we
will.
It's
usually
been
passed
overwhelmingly
and
I
had
to
you
know,
did
the
six
years,
the
four
percent,
the
annual
p
and
I
for
the
top
one
is
938
000.
C
total
interest
on
that
Bond
was
632
000,
so
total
debt
service
was
5.6
million
and
on
the
far
right
column,
just
to
try
to
you
know
how
much
would
this
Debt
Service
be
of
the
penny
fund?
The
penny
fund
revenues
trying
to
tell
the
board
okay
like
the
first,
the
first
line
at
the
5
million
it'll
take
up
25
percent
of
the
penny
funds,
so
it's
still
even
75
percent
for
other
projects.
That's
that's
what
I
was
trying
to
show
them
there
and
it's
going
down
the
line.
C
Of
course,
now,
when
you
do
the
8
million
six
years,
the
annual
p,
I
is
going
up
to
1.5
million,
and
it's
41
of
the
of
the
penny
fund
budget
then
did
eight
million
for
10
years.
You
know
the
annual
p
and
I
went
down.
C
Total
interest
is
more
because
we're
going
out
longer
at
1.7
million
and
then
I
did
10
million
at
six
years
and
10
million
at
10
years,
and
of
course
you
know
the
annual
p.
I
is
going
up
to
1.9
million.
C
That
was
good.
That's
51
percent
of
the
penny
fund
that
was
getting
a
little
bit
I
think
maybe
a
too
much
of
I
don't
know
if
they'd
want
to
allocate
51
percent
of
the
debt
of
the
penny
fund
revenues
for
a
Debt
Service
every
year,
so
I
was
just
trying
to
show
them
different
examples
for
the
board
and
what
happens
with
the
debt
service,
and
you
know
how
it
affects
a
penny
fund.
C
C
So
this
was
a
penny
fund
for
5
million
financing
for
six
years
or
four
percent.
So
there's
there's
fiscal
fiscal
years,
24
25,
26,
27.
it
highlighted
in
blue,
would
be
okay.
They
they
took
out
a
loan
for
five
million,
so
the
five
million
I
don't
know
what
project
so
I
just
put
in
blue
five
million.
That's
a
say:
they
they
bought
a
fire
station.
C
They
spent
on
or
something
so
that's
the
expenditure
for
whatever
they
loan
the
money
for
then
in
yellow
was
The,
Debt
Service
and
then
what
I'm?
Also
trying
to
these
and
all
down
below
after
that
is
those
expenditures
you
saw
before
they're
already
plugged
in
and
place
make
place
of
items
in
the
penny
fund
and
down
below
in
green
is
showing
okay,
here's
what
happens
when
we
spend
5
million
on
a
project.
Here's
our
debt
service,
here's
much
more!
How
much
money
is
still
left
in
the
penny
fund
highlighted
in
green
down
at
the
bottom.
C
So,
as
you
can
see
in
in
24,
we
had
163
025,
604
000.,
just
to
show
them
the
effect
of
doing
alone
and
how
The
Debt
Service
affects
the
penny
fund
and
then
I
did
Penny
fund
eight
million
six
years,
four
percent
okay.
Well
now
they
got
8
million
to
spend
on
projects
well
and
but
now
that
that
service
has
increased
of
1.5
million.
C
C
Then
I
showed
them
10
million
10
years
of
four
percent.
You
know
same
idea:
10
million
for
capital
projects
and
then
The,
Debt
Service
went
down
from
the
previous
side
and
but
it's
still
up
from
the
very
first
one
and
then
the
effect
on
the
fund
balance
at
the
end
of
the
year
on
the
on
the
bottom
row
in
green,
there.
C
I
think
this
was
my
last
slide
to
the
board
and
to
try
to
they
needed.
They
would
have
to
determine
what
capital
projects
you
want
to
be
financed.
What's
the
cost
of
them,
and
once
they
tell
that,
tell
me
that
then
I
can
get
back
with
our
financial
advisor
and
say:
okay.
This
is
what
they
want
to
do
and
he
would
find
the
best
mechanism.
Financial
instrument
you
know,
for
whatever
they
want
to
do.
C
I'd
also
contact
the
bond
Council
because
they
make
sure
we
do
everything
in
the
legal
requirements
for
financing,
but
I've
already
been
talking
to
them.
I
gotta
gave
him
a
heads
up
about
a
month
ago,
and
so
that's
where
I
left
off
with
with
my
debt
portion
of
the
financing
alternatives,
and
then
commissioner
coulianos
put
together
his
his
slides.
C
I
think
in
trying
to
what
the
commissioner
was
trying
to
say
is
you
know
the
city
needs
to
be
cautious
and
not
go
out
and
do
a
lot
of
financing.
His
first
slide
here
was
trying
to
show
the
same
one
before,
but
his
concern
was,
which
is
we
don't
know?
Will
there
be
another
recession?
Well,
we
have
something
like
what
happened
back
in
2008,
where
the
taxable
values
go
down.
C
We
still
saw
the
tax
values
go
up
this
year,
but
they
were
down
some
but
he's
afraid.
You
know
that
has
ended
and
you
know
he's
saying:
homes
aren't
selling
right
now
and
stuff.
So
he's
concerned
that
you
know,
taxable
values
may
go
down
next
year,
the
year
after
that.
So
that
was
the
purpose
of
his
slide.
There.
C
And
then
he
was
on
this
slide.
You
know,
with
the
cost
going
up,
he
was
trying
to
show
okay
arpa
funding
on
the
First
Column.
There
we
got
12.8
million,
we've
got
12
point
almost
12.2
appropriated
right
now
and
there's
612
000
remaining
he's
trying
to
say
you
know
all
the
costs
are
coming
up
on
all
these
capital
projects.
C
C
What
we're
trying
to
show
here
is
trying
to
go
back
and
show
okay,
here's
the
total
City
budget
in
2018
to
the
S,
the
proposed
one
in
2024.
we've
gone
from.
You
know:
56
million
to
76
million
budget.
You
know
the
20
million
dollar
increase
on
the
budget
is
just
trying
to
show
the
you
know
that
how
the
increases
on
the
budget
here-
the
eight
percent,
five
percent,
four
percent,
two
percent
five
percent.
C
On
this
slide-
and
here
it's-
you
know,
along
with
the
budget
going
up,
but
now
he's
trying
to
we're
trying
to
show
on
this
slide
here
we
have
a
fund
balance
policy
in
the
general
fund
and
across
from
his
governmental
activities
budget,
that
is,
the
expenditure
total
in
the
general
fund,
going
from
2018
to
2023.
from
24
million
to
33
million.
C
The
fund
balance
reserved
was
based
on
20
of
that
number
above
there.
So
he's
trying
to
show
from
the
20
Reserve
requirement.
We
were
at
4.8
million
in
2018.
now,
where
the
minimum
is
at
6.6
million,
so
the
amount
of
the
reserved
minimum
Reserve
is
going
up
and
then
on
the
government
Reserve
funds
line.
That
is
what
we've
actually
had
when
we've
done
finished
our
audit.
What
money
we've
had
left?
We
call
it
unassigned
fund
balance.
You
might
have
heard
that
term.
C
We've
hovered
around
between
8.6
and
8.8
million,
the
last
I
think
six
seven
years,
so
it
hasn't
changed
much
and
then
you
go
to
the
last
line
and
it's
trying
to
show
okay.
In
2018
we
had
4
million
over
the
minimum
in
2018.,
but
now
on
2023
we're
only
2.1
million,
so
he's
trying
to
show
that
you
know
we've
got
them.
We've
been
keep
our
minimum
requirements,
going
up,
we're
keeping
our
Reserve
at
8.8
million
so
but
we're
having
less
money
over
the
minimum
I.
C
Let's
see
what
the
commissioner
was
just
trying
to
show
was
some:
he
went
to
a
bond
site,
some
Bond
sales
that
were
out
there
and
just
trying
to
show
that
some
of
these
other
government
issues-
Lee
County,
Jacksonville,
Florida
different
Bond
issues
that
were
out
there
at
it
looks
like
a
lot
of
them
were
at
five
percent
and
the
ratings
on
them.
C
So
he
was
just
trying
to
show
the
bond
issues
out
there,
and
it
is
final
summary
he
was
trying
to
say
you
know:
inflation
is
going
up
or
having
cost
overruns
increasing
operating
budget
dropping
assessed
values
like
his
first
slide.
When
we
showed
you
know,
our
taxable
value
is
going
to
start
dropping
reduction
in
excess
reserves.
That
was
the
one
slide
we
just
looked
at
with
our
minimum
and
how
much
are
we
over
the
minimum
and
then
how
will
this
sort
of?
How
would
this
affect
the
residency?
C
C
C
C
D
Well,
the
Charter's
coming
up
for
review
right
so
correct
that
made
me.
The
charter
committee
needs
to
look
at
raising
that
20
percent
to
another
percent.
But
what's
the
driving
factor
for
discussing
this
debt
stuff,
are
we
having
projects
where
critical
projects
we're
not
getting
to
and
we
need
to
finance
them
or.
C
You
know
in
the
arpis
they
when
arpa
started,
I
had
to
try
to
figure
out
the
projects.
It
was
just
another,
it
was
thrown
out
there.
Well,
maybe
we
can
do
financing
for
this
and
you
know
I
think
they
had
the
arbor
projects,
but
then
now
they've
had
I
forgot
to
tell
there's
those
spreadsheets
in
front
of
like
the
arbor
projects
and
stuff,
but
also
back
on.
Maybe
page
three
is
like
a
wish
list.
C
They
call
it
the
wish
list
of
projects,
someone
that
are
still
out
there,
so
I
think
they're,
looking
at
Alternatives
trying
to
see
okay,
if
we
needed
to
is
financing
an
alternative,
but
I
got
the
impression
from
listening
to
the
board.
It
was,
it
didn't,
seem
like
they
wanted
to
go
there.
They
didn't
want
to
go
and
do
debt
financing
unless
it
was
desperately
needed.
C
A
C
I
mentioned:
we've
got
the
proposed
military
going
before
the
board
on
the
25th.
It's
just
the
state
requires.
We
set
the
maximum
millage
rate,
we're
at
5.37.
Now
we've
been
at
that
for
a
few
years,
as
you
probably
saw
on
the
graph
and
we
set
the
maximum
once
you
do
that.
You
cannot
go
over
that
through
the
end
of
the
budget
process.
C
Here,
I
guess
you
can,
but
from
what
I've
heard
from
the
property
appraiser
in
the
state
nobody's
ever
done
that,
because
if
you
do
something
like
that,
you've
got
to
give
written
notice
and
have
meetings
written
notice
to
every
citizen.
So
it
sets
the
maximum
ability
to
proposed
maximum
millage
rate.
C
Management's
thought
as
we
just
we
want
to
keep
it
at
the
5.37.
I
think
I've
gone
below
5.37,
we're
just
afraid
will
property
taxable
values
go
down
going
above
5.37
I
think
we
start
to
worry
about.
Okay,
the
effect
you
know
on
the
residents
and
stuff
with
everything
else
going
on
the
cost
of
items,
but
so
we're
saying
management
wants
to
keep
it
at
5.37.
C
A
C
A
C
Just
I
don't
know
those
spreadsheets
I
left
out
on
those
were
they
were,
those
were
given
to
the
board.
Last
week
we've
been
sort
of
working
off
those
ones
with
the
arpa.
What
we
did
we
did
a
little
bit
more
tweaking
to
it.
On
the
first
page,
what's
listed
Arbor
projects
that
have
been
approved
by
the
board,
we
put
a
timeline
because
all
arpa
money
needs
to
be
obligated.
If
you
look
on
that,
first
page
I
think
highlighted
in
yellow
is
the
December
31st
2024.
C
It
needs
to
be
all
obligated
in
a
form
of
purchase
order.
Money
has
to
be
all
gone
by
highlighted
in
red
column
there
as
December
31st
2026.
So
the
board
wanted
a
timeline
that
so
we
provided
that
the
second
page
has
all
the
arpa
projects
and
the
funding
I.
Don't
think
that
page
has
changed
much.
The
third
page
was
sort
of
the
wish
list.
C
Apartment
heads
helped
put
it
together
of
projects
out
there
that
for
the
foreseeable
future,
the
fourth
page
was
asked
for
by
the
board
to
give
us
any
projects
that
haven't
been
started
yet,
and
we
put
a
list
of
those
down
there.
I
think
the
thinking
was:
is
there
any
projects
that
might
be
maybe
could
be
pushed
back
or
something.
C
A
The
the
part
we
haven't
committed
to
you,
the
612
000.
C
E
A
E
Feasible
that
would
get
canceled
and
that
would
any
money
overages
would
be
applied
from
that.
There
was
discussion
in
the
meeting
about
it.
For
example,
the
Sponge
Docks
I
know
the
centers
expressed
that
that
solution
may
not
be
fully
place
and
that
that
could
be
one
of
the
projects
they
consider.
Is
this
really
feasible
work?
Is
it
supposed
to
work
and
if
not,
that
determination
will
be
made,
and
that
could
be
one
of
those
projects,
but
that's
to
be
determined.
C
I,
wouldn't
think
so
you
know
maybe
Copley
closer
to
the
next
meeting.
We
might
have
more
information
for
you,
maybe
a
revised
budget.
You.
C
Probably
that
all
those
estimated
increases
on
the
insurances
and
stuff-
and
maybe
some
more
for
the
payroll,
we'll
have
some
more
Personnel
cost,
whatever
the
final
numbers
are
and
so
yeah.