LTC 085-2016 FY 2015/16 First Quarter Analysis MIAMI BEACH
OFFICE OF THE CITY MANAGER
NO. LTC# 085-2016 LETTER TO COMMISSION
TO: Mayor Philip Levine and Members o the City •mmission
FROM: Jimmy L. Morales, City Manager
DATE: February 29, 2016
SUBJECT: FY 2015/16 First Quarter Analysis
The purpose of this LTC is to provide the Mayor and Commission with the status of the FY
2015/16 budget to actual revenue and expenses reflected at the end of the first quarter with
projections through September 30, 2016. The City's Charter requires that "the City Manager
shall make public a quarterly report showing the actual expenditures during the quarter just
ended against one quarter of the proposed annual expenditures set forth in the budget."
The first quarter of any fiscal year is not necessarily the most reliable indication of the
experience for the remainder of the fiscal year, but does provide a first glance in identifying any
potential issues. Certain assumptions for both revenue and expenditures were made that are
still developing and will be adjusted for in later projections. These assumptions, along with our
continued effort at managing the City's resources and ongoing adjustments to line item
revenues and expenditures throughout the year will affect our projections going forward.
The First FY 2015/16 budget amendment adopted by the City Commission on December 9,
2015, recognized an additional $5.5 million in revenue from the projected surplus from closing
out FY 2014/15. This revenue funded the appropriation of $680,000 in encumbrances, $1.8
million in set asides for projects budgeted in FY 2014/15 that will instead be spent in FY
2016/17, $2.0 million to the Capital Improvements Reserve Account, and an additional $993,000
of additional Contingency funds. The Second Budget Amendment approved on January 13,
2016, added $196,000 to front year one of principal and interest payments for the Sunset
Islands 3 and 4 Undergrounding Project that will be eventually reimbursed to the General Fund.
Accordingly, the projections presented below are compared to the amended budget via the
budget amendments to date.
GENERAL FUND
Based upon this first quarter analysis, it is projected that General Fund revenues will exceed
expenditures by $319,000.
General Fund Overview
An analysis of the actual three-month operating revenues and expenditures for the period
October 1, 2015 through December 31, 2015, reveals an operating budget surplus of $81.7
million. While the surplus as of December 31st seems unusual as compared to the projection for
the fiscal year ending on September 30th, it should be noted that the City receives a greater
percentage of ad valorem taxes during the first quarter, (historically 60 percent). Ad valorem tax
revenues represent approximately 45 percent of total budgeted revenues and represent 68
percent of the revenues received in the first quarter of the fiscal year.
LTC—FY 2015/16 First Quarter Analysis
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As of December 31, 2015, revenues collected were approximately 49 percent of budget or
$149.3 million. Expenditures are approximately 22 percent of the FY 2015/16 amended budget;
however, there are often delays in expenditures in the first quarter of the fiscal year.
FY 201,5/16 Budget
Variance from 1/4
Adopted Budget Amended Budget 1/4 of Amended Actuals as of Amended Budget
General Fund FY 2015/16 FY 2015/16 Budget 12/31/15 Over/(Under)
Revenues $ 300,354,000 $ 306,021,000 $ 76,505,250 $ 149,292,895 $ 72,787,645
Expenditures $ 300,354,000 $ 306,021,000 $ 76,505,250 $ 67,542,854 $ (8,962,396)
Surplus/(Deficit) $ - $ - $ - $ 81,750,041 $ 81,750,041,
General Fund Year-End Projections
The projected year-end operating revenues and expenditures through September 30, 2016,
•
provide a more realistic snapshot of anticipated year-end shortfalls or surpluses at this point in
time. Further, while the actual revenues and expenditures presented are as of December 31,
2015, some of the projections have incorporated more recent information, if available.
A summary of preliminary projected General Fund Revenues and Expenditures as of
September 30, 2015, reflects a surplus of revenues over expenses totaling $232,000. It should
be noted that this analysis is a preliminary projection based on the experience in the first
quarter, which is not necessarily the most reliable indication of the experience for the remainder
of the fiscal year, but does provide a first glance in identifying any potential issues.
FY 2015/16 Budget
Variance
Adopted Budget Amended Budget Projected/ %Over/
General Fund FY 2015/16 FY 2015/16 Projected Amended Budget (Under)
Revenues $ 300,354,000 $ 306,021,000 $ 308,724,000 $ 2,703,000 0.9%
Expenditures 300,354,000 306,021,000 308,405,000 2,384,000 0.8%
Surplus/(Deficit) $ - $ - $ 319,000 $ 319,000
General Fund Operating Revenues
For a detail of General Fund Revenues by category, see attached Schedule A.
At this time, we are projecting property tax collections for FY 2015/16 at 95 percent of total
property taxes assessed and consistent with the original adopted budget, thereby, allowing
adjustments for discounts, as well as, a level of adjustments due to appeals similar to long-term
historical levels. It is important to note, that in the last few years, property tax collections have
been below prior year levels due to higher levels of appeals and adjustments. The impact of
appeals and adjustments for the FY 2015/16 budget will be provided by the Miami-Dade County
Property Appraiser in July.
Overall revenues are projected to be $2.7 million above the amended budget. As in prior years,
significant variances to budget in excess of $300,000 or 10 percent by revenue category are
explained below:
LTC—FY 2015/16 First Quarter Analysis
Page 3of10
Licenses and Permits — This category includes business tax receipts, licenses/
building/special use permits, and sidewalk café fee revenues and is projected to be in
excess of budget by $934,000 primarily due to increases in Building Development process
revenues of $630,000 and increases in Planning permit fees of $102,000, reflecting
continuing improvement in the economy, and increased construction activity. In addition,
special event permit fees reflect increases of$106,000.
Charges for Services — This category includes ambulance fees, off duty charges for fire
and police, Golf Course fees, and various parks and recreation fees. Actual collections for
Charges for Services are projected to be higher than budget by $926,000, primarily due to
higher than projected Ambulance Fees ($686,000) and Off-Duty Fire Watch fees
($250,000).
Interest — This category includes interest earnings on investments in the General Fund.
Projected collections are $610,000 above budget due to higher interest rates.
Rents and Leases — This category includes revenue from various rentals and leases
realized from city properties. Projected collections are $339,000 higher than budget due
primarily to increases in rental revenue for Jackie Gleason Theater from Live Nation
($95,000), additional rental revenue in the 777 Building ($88,000), and additional revenue
from rental of miscellaneous properties ($69,000).
General Fund Operating Expenditures
As of December 31, 2015, actual expenditures were approximately 22 percent of.budget or
$67.5 million. Year-end projections through September 30, 2016, indicate that expenditures will
be $308.4 million, approximately $2.4 million (0.8 percent) above the amended budget. The
expenditure projections are based on the first quarter analysis and will be continually monitored
and updated.
A comparison of actual and projected expenditures to budget by Department is provided in the
attached Schedule A. As in prior years, Departments projected to exceed budget or with
significant variances to budget in excess of$300,000 or 10 percent are explained below:
City Clerk—The department is preliminarily estimated to be above the amended budget by
approximately $38,000. The variance is due primarily to a salary increase for a position
that was not captured by the salary model during the budget development process.
Amended
City Clerk Budget Projection Difference %Over/(Under)
Expenditures 1,455,000 1,493,000 38,000 2.6%
Emergency Management — The department is projected to be $232,000 above the
amended budget primarily due to an increase in professional services and overtime for
training of call takers and dispatchers driven by filling positions that have been vacant for
an extended time.
Amended
Emergency Mgmt. Budget Projection Difference %Over/(Under)
Expenditures 9,218,000 9,450,000 232,000 2.5%
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Parks & Recreation — The Parks & Recreation department is projected to be above the
amended budget by approximately $332,000. The variance is due primarily to
unanticipated security guard invoices for patrolling areas that were originally expected to be
covered by Park Rangers.
Amended
Parks& Recreation Budget Projection Difference %Over/(Under)
Expenditures 30,812,000 31,144,000 332,000 1.1%
Police — The department is projected to be $1.9 million above the amended budget
primarily due to allowances and premiums being under budgeted for FY 2015/16. During
the budget development process, a Salary Projection Model in the Eden financiaF system is
used to project personnel services costs such as salaries and benefits. OBPI is working
with Eden to understand the issue and ensure that the FY 2016/17 budget development
process is accurate. Between now and the end of the fiscal year, these costs will be
monitored closely and the department will try to manage other expenditures to help offset.
To address the anticipated overage in the General Fund, savings from other departments
will be available as well and additional revenues over and above budget can be recognized
as well. Administration is also considering charging additional overtime from special events
to the Resort Tax fund, which in the Police Department is estimated at about $300,000.
Amended
Police Budget Projection Difference %Over/(Under)
•
Expenditures 99,989,000 101,948,000 1,959,000 2.0%
Fire — The department is projected to be $2.5 million above the amended budget primarily
due to allowances and premiums being under budgeted for FY 2015/16. During the budget
development process, a Salary Projection Model in the Eden financial system is used to
project personnel services costs such as salaries and benefits. OBPI is working with Eden
to understand the issue and ensure that the FY 2016/17 budget development process is
accurate. Between now and the end of the fiscal year, these costs will be monitored
closely and the department will try to manage other expenditures to help offset. To address
the anticipated overage in the General Fund, savings from other departments will be
available as well and additional revenues over and above budget can be recognized as
well. Administration is also considering charging additional overtime from special events to
the Resort Tax fund, which in the Fire Department is estimated at about $100,000.
Amended
Fire Budget Projection Difference %Over/(Under)
Expenditures 62,844,000 65,384,000 2,540,000 4.0%
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Citywide Account — The department is projected to be $1.5 million below the amended
budget primarily due to projected savings in annual leave costs, tuition reimbursement, and
contingency.
Amended
Citywide Budget Projection Difference %Over/(Under)
Expenditures 14,154,000 12,655,000 (1,499,000) -10.6%,
Public Works — The department is projected to be $374,000 below the amended budget
primarily due to lower than anticipated landscape contract maintenance expenses.
Amended
Public Works Budget Projection Difference %Over/(Under)
Expenditures 14,143,000 13,769,000 (374,000) -2.6%
ENTERPRISE FUNDS
The City accounts for proprietary operations in Enterprise Funds. Convention Center, Parking,
Sanitation, Sewer, Stormwater, and Water are included in this grouping. The expenditures for
these funds are budgeted to be fully offset by charges for services.
An analysis of the actual three-month operating expenditures for the period October 1, 2015
through December 31, 2015, reveals that Sanitation, Stormwater, Water, and Parking have
expenditures less than one-quarter of their budget. However, this is not representative, as there
is often a lag in expenditures, particularly related to those billed by outside entities.
Sewer and Convention Center have expenditures in the first quarter in excess of one-quarter of
their budget. The excess in Sewer is due primarily because the majority of the annual debt
service payment and all of the Miami-Dade County Department of Regulatory and Economic
Resources (RER, previously known as DERM), fee was incurred in the first quarter. Convention
Center is in excess due to seasonality of events occurring in the first quarter.
ENTERPRISE FUNDS
Parking
FY 2015/16 Adopted Budget 21,104,000 46,996,000 20,985,000 34,787,000 77,584,000 10,737,000
Budget Amendment 12/9/15 73,000 1,073,000 2,472,000 230,000 1,868,000
FY 2015/16 Amended Budget 21,177,000 48,069,000 23,457,000 35,017,000 79,452,000 10,737,000
1/4 of Adopted Budget 5,276,000 11,749,000 5,246,250 8,696,750 19,396,000 2,684,250
1/4 of Amended Budget 5,294,250 12,017,250 5,864,250 8,754,250 19,863,000 2,684,250
Expenditures as of First Quarter 3,854,657 14,512,382 3,266,260 8,039,955 10,819,649 2,943,379
Variance from Expenditure Amended Budget (1,421,343) 2,763,382 (1,979,990) (656,795) (8,576,351) 259,129
The projected year-end operating revenues and expenditures through September 30, 2015, is,
however, a more realistic snapshot of anticipated surplus or shortfall at this point in time. In
addition, while the actual revenues and expenditures presented are as of December 31, 2015,
the projections have incorporated more recent information, as available.
LTC—FY 2015/16 First Quarter Analysis
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As represented below, for all funds, revenues are projected to be equivalent or in excess of
expenditures, except for Sewer and the Convention Center. The Sewer Fund is projected to
have a shortfall of$1.8 million due to sewage treatment costs being higher than anticipated.
ENTERPRISE FUNDS — _•
Sanitation Sewer Stormwater Water • Parking Convent Center
FY 2015/16 PROJECTED REVENUES
Charges for Services 12,175,000 44,306,000 20,390,000 33,001,000 56,974,000 7 5,260,000
Other 8,071,000 3,549,000 2,928,000 418,000 15,139,000 6,096,000
FY 2015/16 Revenue Projection 20,246,000 47,855,000 23,318,000 33,419,000 72,113,000 11,356,000
FY 2015/16 Expenditure Projection 20,246,000 49,699,000 23,318,000 33,419,000 72,113,000 11,230,000
Surplus/(Shortfall) 0 (1,844,000) 0 0 0 126,000
INTERNAL SERVICE FUNDS
The City accounts for those goods and services provided by one Department to other
Departments citywide on a cost reimbursement basis. Central Services, Fleet Management,
Information Technology, Property Management, and Risk Management (Self Insurance) are
included in this grouping.
An analysis of the actual three-month operating expenditures for the period October 1, 2015
through December 31, 2015, reveals that all funds have expenditures less than one-quarter of
the FY 2015/16 Amended Budget.
Fleet Management, Information Technology, Property Management, Risk Management, and
Medical & Dental are all more than $300,000 lower than one-quarter of the amended budget for
the following reasons:
• Fleet Management - debt service costs that will be incurred later in the fiscal year.
• Information Technology - due to capital expenditures and debt service costs that will
be incurred later in the fiscal year
• Property Management - due to contract maintenance and repair costs that will be
incurred later in the fiscal year
• Risk Management - due to property insurance premium costs that will be incurred
later in the fiscal year
• Medical & Dental - due to a time lag in paid claim expenditures
INTERNAL SERVICE FUNDS
Central Services Fleet Mgmt Info Technology Property Mgmt Risk Mgmt Medical&Dental Ins
FY 2015/16 Adopted Budget 967,000 10,447,000 15,758,000 8,621,000 15,616,000 28,961,000
Budget Amendment 12/9/15 23,000 377,000 186,000 83,000
Budget Amendment 1/13/16 - - 142,000 - - -
Amended Budget 967,000 10,470,000 16,277,000 8,807,000 15,699,000 28,961,000
1/4 of Adopted Budget 241,750 2,611,750 3,939,500 2,155,250 3,904,000 7,240,250
1/4 of Amended Budget 241,750 2,617,500 4,069,250 2,201,750 3,924,750 7,240,250
Expenditures as of First Quarter 203,061 1,913,769 2,212,298 1,881,608 1,986,118 3,630,833
Variance from 1/4 Expenditure
Amended Budget (38,689) (703,731) (1,856,952) (320,142) (1,938,632) (3,609,417)
LTC—FY 2015/16 First Quarter Analysis
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Based on the more realistic projection of year-end operating revenues and expenditures through
September 30, 2016, and incorporating more recent information as available, all Internal Service
Funds are expected to have revenues equal to or in excess of expenditures, except Fleet
Management. The Medical & Dental Fund is projecting a surplus due to medical claims trending
lower than budget. This trend will continue to be monitored as claims can vary significantly
throughout the year.
INTERNAL SERVICE FUNDS ___
Central Services Fleet Mgmt Info Technology Property Mgmt Risk Mgmt Medical&Dental Ins
FY 2015/16 PROJECTED REVENUES
Charges for Services 1,136,000 9,933,000 14,743,000 8,167,200 14,735,000 26,781,000
Other 509,000 1,362,000 441,800 918,000 512,000
FY 2015/16 Revenue Projection 1,136,000 10,442,000 16,105,000 8,609,000 15,653,000 27,293,000
FY 2015/16 Expenditure Projection 963,000 10,607,000 16,105,000 8,609,000 15,653,000 26,528,000
Surplus/(Shortfall) 173,000 (165,000) 0 (0) 0 765,000
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for revenues and expenditures that are legally
restricted or committed for specific purposes other than debt or capital projects. Special
Revenue Funds include the Resort Tax Fund as well as 7th Street Garage Operations; 5th &
Alton Garage Operations; Art in Public Places; Tourism and Hospitality Scholarship Program;
Green/Sustainability Fund; Waste Hauler Additional Services and Public Benefit Contribution
Fund; Education Compact Fund; Red Light Camera Fund; Emergency 911 Fund; Information
and Communications Technology Fund; People's Transportation Plan Fund; Concurrency
Mitigation Fund; Miami Beach Cultural Arts Council; Police Special Revenue Account; Police
Confiscation Trust Funds (Federal and State); and Police Training and School Resources Fund.
All special revenue funds are projected to be at or under the amended budget, except for the
Resort Tax Fund which will have additional revenue to offset expenditures higher than amended
budget. More detailed information is provided for the Resort Tax fund below.
Resort Tax Fund •
The City's Resort Tax Fund is primarily supported by Resort Taxes collected pursuant to
Chapter 67-930 (Section 6) of the Laws of Florida, as amended, and Section 5.03 of the City of
Miami Beach Charter, as amended. This legislation authorizes the use of Resort Taxes for the
promotion of the tourist industry, which includes, but is not restricted to the following: Publicity,
advertising, news bureau, promotional events, convention bureau activities, capital
improvements and the maintenance of all physical assets in connection therewith; and for the
payment of the reasonable and necessary expenses of collecting, handling and processing of
said tax.
Typically, the City has considered the following services as "Services Related to the Promotion
of Tourism":
• Police Officers serving entertainment areas
• A portion of Fire Rescue services from Fire Stations 1&2
• Ocean Rescue services
• Sidewalk pressure cleaning in South, Middle and North Beach visitor areas
• South Beach sanitation
LTC—FY 2015/16 First Quarter Analysis
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• Enhanced Code Compliance/Enforcement provided to respond to evening entertainment
area violations and staffing of special events
• Other Code Compliance/Enforcement activities in tourism and visitor related
facilities/areas
• Tourism and Cultural Development Department and the Cultural Arts Council
• Museums and Theatres (Garden Center, Bass Museum, Colony and Byron Carlyle
Theatres)
• Golf courses (net of revenues)
• Memorial Day and other special event costs
• Homeless services
• July 4th, Visitor Center funding, Holiday Lights, Festival of the Arts, Jewish Museum,
MDPL, Orange Bowl, Monuments, etc.
These allowable uses have led to increased tourism related activities, such as special events,
Art Basel, and various concerts.
•
The 2 percent Resort Tax Fund operating revenues are projected to be in excess of budget by
approximately $858,000 and, as a result, payments to the Visitor's Convention Authority (VCA)
which are based on a percent of revenues, are projected to exceed budget.
The proceeds of the additional one percent (1 percent) tax are used as follows: 45% is
allocated for Transportation initiatives in tourist-related areas; 15% is allocated equally among
North Beach, Middle Beach and South Beach for capital projects that enhance Miami Beach's
tourist related areas, and 10% is allocated to various arts and cultural programs. The 1 percent
Resort Tax Fund operating revenues are projected to be higher than budget by approximately
$622,000.
In total, the projected revenues are estimated to be in excess of budget by $1.5 million and
expenditures to be above budget by approximately $681,000. This results in a net operating
surplus of approximately $799,000 for the 1 percent and 2 percent Resort Tax revenues and
expenditures, combined.
RESORT TAX FUND •
Over/(Under)
Amended Actuals as of FY 2015/16 Amended %Over/(Under)
FY 2015/16 FY 2015/16 Dec.31, Projection as Budget as of Amended
Revenues Adopted Budget Budget 2015 of 1st Quarter Year-End Budget
2%Resort Tax 56,231,000 57,534,000 8,238,222 58,392,000 858,000 1.5%
1%Resort Tax 12,800,000 12,800,000 1,853,132 13,422,000 622,000 4.9%
Additional 1%for Convention Center 9,600,000 9,600,000 - 9,600,000
Other Revenues - - #DIV/0!
Total Revenues 78,631,000 79,934,000 10,091,354 81,414,000 1,480,000 1.9%
Expenditures
General Fund Contribution 36,609,000 37,609,000 9,152,250 37,609,000 - 0.0%
Contributions to VCA and GMCVB 8,042,000 8,042,000 1,167,652 8,101,000 59,000 0.7%
Contribution to Mt.Sinai 1,000,000 1,000,000 - 1,000,000 - 0.0%
Other Operating/Other Uses 5,858,000 6,161,000 494,173 6,161,000 - 0.0%
Marketing 350,000 350,000 18,854 350,000 - 0.0%
Contingency 3,156,000 3,156,000 - 3,156,000 - 0.0%
2%Debt Service 1,216,000 1,216,000 - 1,216,000 - 0.0%
Additional 1%Debt Service for Convention 9,600,000 9,600,000 9,600,000 - 0.0%
Transfer to Capital,Transp,and Arts 12,800,000 12,800,000 1,853,132 13,422,000 622,000 4.9%
Total Expenditures 78,631,000 79,934,000 12,686,061 80,615,000 681,000 0.9%
Surplus/(Deficit) 0 0 (2,594,707) 799,000 799,000
•
LTC—FY 2015/16 First Quarter Analysis
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CONCLUSION
This analysis of budget to actual operating revenues and expenses with projections through
September 30, 2016, provides the status of the FY 2015/16 Budget for the first three months of
the fiscal year. Although the first quarter of any fiscal year is not necessarily the most reliable
indication of the experience for the remainder of the fiscal year, it does provide a first glance in
identifying any potential issues.
Based on preliminary projections, the General Fund is anticipated to have a $319,000 surplus at
year-end. We will continue to monitor these funds on an ongoing basis.
•
JLM/JW/RS
•
LTC-FY 2015/16 First Quarter Analysis
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SCHEDULE A .
CITY OF MIAMI BEACH
FY 2015/16 GENERAL FUND
1st QUARTER
FY 2015/16 Amended FY 2015/16 FY'2015/16 Over/(Under) %Over/(Under)
Adopted FY 2015/16 Actuals as of 1st Quarter . Amended Amended
Budget Budget 1st Quarter Projections(rd) _ Budget Budget
REVENUES
Ad Valorem Taxes 140,446,000 140,446,000 102,217,404 140,446,000 - 0.0%
Ad Valorem Taxes-S Pte Costs - - - - - #DIV/0!
Ad Valorem Cap Renewal&Replacement 2,716,000 2,716,000 2,716,000 2,716,000 - 0.0%
Ad Valorem Taxes-Normandy Shores 147,000 147,000 147,000 147,000 - 0.0%
Other Taxes 23,940,000 23,940,000 4,922,881 24,131,000 191,000 0.8%
Licenses and Permits 29,558,000 29,558,000 11,527,805 30,492,000 934,000 3.2%
Intergovernmental 11,037,000 11,037,000 1,407,777 10,980,000 (57,000) -0.5%
Charges for Services 5,746,000 5,746,000 1,651,750 6,672,000 926,000 16.1%
Golf Courses 6,300,000 6,300,000 1,295,729 6,159,000 (141,000) -2.2%
Fines and Forfeitures 2,157,000 2,157,000 319,825 2,038,000 (119,000) -5.5%
Interest 3,074,000 3,074,000 1,954,069 3,684,000 610,000 19.8%
Rents and Leases 6,384,000 6,384,000 2,371,109 6,723,000 339,000 5.3%
Miscellaneous 12,588,000 12,588,000 2,249,545 12,608,000 20,000 0.2%
Other-Resort Tax Contribution 36,609,000 36,609,000 12,203,000 36,609,000 - 0.0%
Other-Non-Operating Revenues 11,252,000 11,252,000 4,309,000 11,252,000 - 0.0%
Reserve-Building Department Ops - - - #DIV/0!
Fund Balance/Retained Earnings 196,000 196,000 - 0.0%
Prior Year-End Surplus Carryover 5,471,000 5,471,000 - 0.0%
Prior Year Surplus from Parking Fund 8,400,000 8,400,000 8,400,000 - 0.0%
TOTAL REVENUES 300,354,000 306,021,000 149,292,895 308,724,000 2,703,000 0.9%
EXPENDITURES
Mayor and Commission 2,009,000 2,009,000 417,497 1,996,000 (13,000) -0.6%
City Manager 3,652,000 3,809,000 818,983 3,784,000 (25,000) -0.7%
Communications 1,745,000 1,748,000 448,173 1,732,000 (16,000) -0.9%
Office of Budget&Performance Improv 2,435,000 2,435,000 556,705 2,425,000 (10,000) -0.4%
Organizational Development&Perf Initiatives 603,000 603,000 117,595 597,000 (6,000) -1.0%
Finance 5,385,000 5,435,000 1,208,535 5,305,000 (130,000) -2.4%
Procurement 2,112,000 2,114,000 400,179 2,035,000 (79,000) -3.7%
Human Resources/Labor Relations 2,685,000 2,721,000 514,385 2,658,000 (63,000) -2.3%
City Clerk 1,455,000 1,455,000 320,807 1,493,000 38,000 2.6%
City Attorney 5,282,000 5,282,000 1,202,658 5,255,000 (27,000) -0.5%
Housing&Comm Services 2,674,000 2,674,000 536,425 2,656,000 (18,000) -0.7%
Building 14,065,000 14,643,000 2,894,974 14,354,000 (289,000) -2.0%
Planning 4,260,000 4,274,000 912,824 4,270,000 (4,000) -0.1%
Tourism,Cultural,&Economic Development 3,936,000 3,936,000 638,840 3,833,000 (103,000) -2.6%
Code Compliance 5,936,000 6,118,000 1,300,691 5,973,000 (145,000) -2.4%
Parks and Recreation 30,761,000 30,812,000 7,154,997 31,144,000 332,000 1.1%
Public Works 14,358,000 14,143,000 2,399,739 13,769,000 (374,000) -2.6%
Capital Improvement Projects 4,945,000 4,945,000 1,062,579 4,833,000 (112,000) -2.3%
Police 99,605,000 99,989,000 24,307,462 101,948,000 1,959,000 2.0%
Fire 62,741,000 62,844,000 15,802,607 65,384,000 2,540,000 4.0%
Emergency Management 8,957,000 9,218,000 2,297,564 9,450,000 232,000 2.5%
Citywide Accounts&Operating Contingency 12,093,000 14,154,000 2,212,761 12,655,000 (1,499,000) -10.6%
Citywide-Normandy Shores 226,000 226,000 - 226,000 - 0.0%
Citywide-Transfers-Capital Investment Upkeep Fund 315,000 315,000 15,874 315,000 - 0.0%
Citywide-Transfers-Info&Comm Technology Fund 395,000 395,000 - 395,000 - 0.0%
Citywide-Transfers-Pay-As-You Go Capital Fund 2,400,000 2,400,000 - 2,400,000 - 0.0%
Citywide-Transfer-Capital Reserve Fund 2,000;000 - 2,000,000 - 0.0%
Capital Renewal&Replacement 2,716,000 2,716,000 - 2,716,000 - 0.0%
Capital Projects Not Financed By Bonds - - - 196,000 196,000 #DIV/0!
Reserve-Public Safety Radio System 500,000 500,000 - 500,000 -
Reserve-Future Building Dept Needs 2,108,000 2,108,000 - 2,108,000 - 0.0%
TOTAL EXPENDITURES 300,354,000 306,021,000 67,542,854 308,405,000 2,384,000 0.8%
EXCESS OF REVENUES OVER/(UNDER)EXPENDITURES I -I -I 81,750,041 I 319,000 I 319,000 I