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1 City of Titusville 2013 Performance Highlights Year End Financial Overview 2013 Slide 2 2 City Funds Capital General Refuse Water Sewer Streets Governmental Proprietary Slide 3 3 Governmental - City Funds Capital General Sewer Slide 4 4 General Fund 2010 2011 2008 2009 2012 2013 -71,120 273,577 -117,385 -9,429 170,752 91,682 2007 -178,928 Real Estate Tax Increase FUND BALANCE HISTORY Fiscal Management Changes Slide 5 5 The General Fund Tax Dollar 62 Public Safety Protection to Persons & Property Fire & Police 2012 - 62 2011 - 61 2010 - 55 20 Public Works Paving, Snow Removal, Storm Water Management, Street Sweeping & Signs 2012 - 20 2011 - 19 2010 - 17 4 Community Programs Culture & Recreation Parks & Recreation, Shade Tree, & Library Contributions 2012 - 4 2011 - 3 2010 - 3 11 General Government Council, Mgr, Finance, Treasurer, Legal, & IT 2012 - 11 2011 - 13 2010 - 19 4 Debt Service, Employer Paid Benefits, Insurance Equip Loan, Employee Retirement Buybacks, Pension Admin, Liability, Fleet, Flood, Law, & Public Officials Insurances 2012 - 3 2011 - 19 2010 - 17 Slide 6 6 Refuse Fund Refuse Slide 7 7 Refuse Fund 2010 2011 2008 2009 2012 2013 5,492 46,077 -4,022 -11,018 26,445 31,284 2007 -6,357 $1.00 per unit rate increase implemented 7/1/2008 FUND BALANCE HISTORY Refuse Hauler Change - 7/1/2010 23 per unit savings Slide 8 8 The Refuse Fund Dollar 79 Refuse Collection Service 2012 - 79 2011 - 83 2010 - 82 21 Legal & Audit Services, Equipment Leasing, Printing, Inter-Fund Transfers & Administrative Fees 2012 - 20 2011 - 16 2010 - 17 Slide 9 9 Water Fund Water Slide 10 10 Water Fund 2011 2012 2013 275,611 85,369 11,579 179,557 39,374 -49,087 26,200 Last Rate Increase - 2006 FUND BALANCE HISTORY Started Budget Reserve Transfers to Capital for Projects Fiscal Management Changes 2010 2009 2008 2007 $200,000 Transfer to Capital Slide 11 11 The Water Fund Dollar 18 Salaries, Wages, & Employee Benefits 2012 - 34 2011 - 35 2010 - 44 55 Insurance, Administration, & Inter-fund Transfers including Capital 2012 - 30 2011 - 37 2010 - 29 23 Utilities, Materials & Supplies 2012 - 25 2011 - 24 2010 - 23 4 Contracted Services & Equipment 2012 - 11 2011 - 5 2010 - 5 Slide 12 12 Sewer Fund Sewer Slide 13 13 Sewer Fund Balance Comparison 2015 Financial suggestions will include significant Debt Retirement. 2011 2012 2013 990,300 959,796 645,212 922,152 898,009 688,569 661,083 FUND BALANCE HISTORY WWTP Phase IIIB starting soon 2010 2009 2008 2007 Slide 14 14 The Sewer Fund Dollar 32 Salaries, Wages, & Employee Benefits 2012 - 36 2011 - 33 2010 - 34 16 Contracted Services & Equipment 2012 - 25 2011 - 13 2010 - 16 15 Utilities, Materials & Supplies 2012 - 14 2011 - 19 2010 - 26 37 Insurance, Administration, & Inter-fund Transfers including Capital 2012 - 25 2011 - 35 2010 - 25 Slide 15 15 Capital Reserve Fund 2013 Completed Projects Finance City Building Central Services Forms Processing Module $3,200 City Wide VoIP Phone System $8,665 City Contribution / City Hall Renovations $39,434 Police Voice Stress Analyzer $3,795 Video Security System $10,899 Slide 16 16 Capital Reserve Fund 2013 Completed Projects Water Fire Water Meters $13,321 Truck 10 Replacement $28,302 Replacement Floors - Day/Bunk Rooms $3,386 Public Works Overhead Garage Doors $9,055 Paint $1,320 Roof Coating $18,562 Tank Inspection $3,420 Slide 17 17 Capital Reserve Fund 2013 Completed Projects Streets Economic Development Trench Shoring Box $2,500 Airport Contribution $2,000 Parks Replace Bridge Railing Over Pond $3,620 Rec Center Front Porch Repair $3,100 Slide 18 18 Capital Reserve Fund 2013 Completed Projects Contingency Salt Spreader $4,500 City Hall Building Assessment $5,500 Final Payment Park Comp Plan $1,357 Slide 19 19 Capital Reserve Fund $612,202 $ 277,300 $ 303,875 $ 31,027 Remaining Reserves General Fund Water Fund Sewer Fund $ 165,936 completed projects Slide 20 20 Streets Liquid Fuels Fund Capital Sewer Streets Used 100% for Annual Paving Program 1 mil of 2013 taxes = $ 68,463 2013 Paving Total = $ 218,976 or 3.2 mils Slide 21 21 Trend to Consider for 2015 2007200820092010201120122013 GENERAL FUND REVENUE PER CAPITA GOVERNMENTAL FUNDS $ 477 $ 484 $ 610 $ 638$ 645 $ 619 $ 612 $ 443 $ 421 $ 626 GENERAL FUND EXPENDITURES PER CAPITA GOVERNMENTAL FUNDS - + + + + Population 6,146Population 5,601 - - $ 17$ 3$ 150$ 44$ 35$ 69$ 110 $ 493 $ 487 $ 760 $ 681 $ 680 $ 687 $ 722 + - + - + - + Slide 22 22 Trend to Consider for 2015 2007200820092010201120122013 GENERAL FUND REVENUE PER HOUSEHOLD GOVERNMENTAL FUNDS $ 1219 $ 1239 $ 1565 $ 1651 $ 1524 $ 1461 $ 1440 GENERAL FUND EXPENDITURES PER HOUSEHOLD GOVERNMENTAL FUNDS - + + + + - Number of Households - $ 43$ 7$ 385$ 113$ 83$ 163$ 259 $ 1262 $ 1246 $ 1950 $ 1764 $ 1607 $ 1624 $ 1699 -+ - + - 2,4032,4012,3972,3752,371 2,379-24 Slide 23 23 * Finance Report, Slides, & 2013 Audit will be posted to the Citys Website. Questions ?