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HomeMy WebLinkAboutSubmittal-Marie Gouin-Budget PowerPoint PresentationSubmitted into the public record for item(s) O -1$ on gJlolCity Clerk I Z 5 q 3 lvl ara J FY 2021-22 TOTAL ADOPTED MILLAGE RATE 7.9900 MILLS General Operations: 7.6 66 5 General Obligation Debt: 0.3235 Total Assessed Value FY 2022-23 FY 2021-22 Taxes 7.8774 Taxes 7.9900 FY 2022-23 TOTAL PROPOSED MILLAGE RATE 7.8774 MILLS General Operations: 7.5539 General Obligation Debt: 0.3235 $275,381 Average homestead 410 $2,169 $2,200 $500,000 $3,939 $3,9955 Submitted into the public record for item(s) -6H.1 _F ong o 202A City Clerk $1,000,000 $7,877 $7,990 Submitted into the public record for item(s) k9d. 1$ on !V0 City Clerk • The operating millage rate is 7.5539 mills The rolled -back rate is 6.8725 mills • The operating millage of 7.5539 is 9.91 percent higher than the state -defined rolled -back rate of 6.8725 mills • "Rolled -back rate" - The millage rate which will provide the same property tax revenues as was levied during the previous fiscal year, exclusive of levies on new construction, additions to structures, deletions, and property added due to geographic boundary changes kcgionat Taxing .' -authorities 5� Submitted into the public record for item(s) B�i•1$ on [D ZCity Clerk Allocation of Each Dollar Paid in Property Taxes - FY 2022-23 City of Miami Operating 354 14 City of Miami Debt 29 Submitted into the public record for item(s) J11-fS' on9 !n 10�City Clerk The City adopts two budgets every year - an Operating Budget and a Capital Budget. The City's Proposed Operating Budget for FY 2022-23: $13,51230193,000 The City's Proposed Capital Budget for FY 2022-23: $981,470,000 with $48,292,000 newly appropriated. Debt service Funds, SG.;,;! 1.000 Submitted into the public record for item(s),&I-!S on Ri7ja 2o2�Z City Clerk FY 2022-23 Proposed Operating Budget The City's Operating Budget is comprised of four separate fund groups: • General Fund - City's primary operating fund • Special Revenue Funds - accounts for revenues that are restricted to a specific purpose . Internal Service Fund - accounts for internal cost allocation between various City cost centers Debt 5entice Fund, accounts for proceeds of City issued debt and repayment of principal and interest 2.7",, 1.5% 0.6% 0 s '„ Submitted into the public record for items) $". f5' on !o U22, City Cleric Where the Money Comes From: Uencral Funu >itic v ,:ii;ie Sources Total: $965,281,000 ■ Property Taxes • $490.6 million . 54.81% • Charges For Services • $126.7 million • 13.1 % ■ Franchise Fees and Other Taxes. $124.2 million . 12.9% Intergovernmental Revenues - $96-2 million . 10,0% Licenses and Permits • $78.5 million • 8.1 % ■ Other Revenues (Inflows) • S25.6 million . 2.7% Transfers -In • $14.9 million • 1.5% ■ Fines and Forfeitures ■ $6.2 million • 0.6% ■ Interest . $2.5 million + 0.31N, The General Fund includes revenues from a variety of sources, including fees, fines, and state and local taxes. Property tax revenue comprises 50.8% of total General Fund revenues and represents the largest source of funding for general operations. 0.0% rIcy. Submitted into the public record for items) ." • f$ on 022 City Clerk Where the Morley Goes: Expenditures by Category • Salaries and Wages • $451.9 million . 46.5% ■ Employee Benefits • $269.3 million • 27-1% • Operating Expenses • $153.4 million. 15.8% ■ Nan -Operating Expenses 424.1 million • 2.5% • Capital Outlay •$0.3 million • 0.0% ■ Transfer -Out . $66.3 million + 6.9% Transfer to Capital • $24.8 million Transfer to Special Revenue + $14.3 million Transfer to Debt Service • $259 million Transfer to Cost Allocation . $1.8 million Transfer to Transportation Trust Fund . S300,000 Personnel casts, including wages and employee benefits, represent the largest General Fund expenditure category. These costs account for almost three quarters of the total General Fund expenditure budget. Submitted into the public record for item(s) on 9 ►0 ; D22- City Clerk Where the Money Goes: i-.'Wenciitures by l.tlnctiun ■ Public Safety , $516.6 million • 53.5% ■ Non Departmental Units • $111.9 million • I I 0 Resilience and Public Works. $111.5 million . 11.6% ■ General Government . $100.5 million + i I I. I",,, 0 Other Departments • $83.3 million • 8.6% "- Planning and Development . $39.6 million ■ Housing and Community Development • $1.8 million • u. More than half of General Fund spending is allocated to the provision of public safety services. The Police Department and the Fire -Rescue Department together comprise 53.5% of the General Fund expenditure budget. GENERAL FUND AMOUNTS Proposed FY 2022-23 zt� Resllicncc and Nblic Works $30,595A00 637 266.W0 Rcal r tatc and Aunt S17,400,0W Irlr wasinn and Tecll"68y $15,710.000 Finance 512,3-W00O City A11OIncy $12.279.000 cads cumpl[an:c $10,713.000 i:ammiss[©nzrs $10.616,090 Human Sersicei 56,624,000 Ylaming S6,461,0W CII,v hlanegrr Human Reuoures 56,033,0W Clllicc of Znnrrig slim9AW Submitted into the public record for item(s) 6H•1 on 410 2a2Z, City Clerk R,.k AI„ugemml .... _..... I Inuring 0, l.im-R, tX rL pmem 31.5.13AMK[ eapii.al I "p-nm6. 53,T35,000 AWI-C-1.._._... -_.................... _......_.-_...._ 5I.776Aow hqurrm,iu......... .... __........_....._.._f3d51.W0 lntnmumca[inn.............. .................I._ ........ ..... .........S1.572AMm llanWm-I and ltmdp.r---- --..-----S'3.174.000 Cl'i-of RnU-xM 5uge lmliq--- ..._------- -$1.062.000 .vb.._....__- ----- ---- ---._.._ 53.13X.0m ['i.if Smke Nra.a......._................................._...............6627Au6 UryF1rh ........ -.-._.._._._-__.-_._. ___.___ S3,152.(W 116i[r 01 Fqual Ilpfr nq ✓4 rlmrr.ity PYnR.amv _ .S61%bw C:.ana. Adminiµ-u....-.-.............. ... .................. 42.ms,I1Gn Ag,,kaG...rainaSis n......... . SaXn,pp TOTAL SIX -YEAR ELAN Proposed FY 2022-23 . - lin-Rcxur %53,N39,OOp SJ7„�*69,040 —iIcncral4sMCC, . iiminictratlrm 530.428,OW Fiance $14.404000 - fMher rlrpgrrm n4 and Agm3o Submitted into the public record for items) 6t- fry' on o zdZZCity Clerk kdld Waste--' .............. ___ ..........._........ .................. S9.#^7.00p Ulku'r 4 Q: wiud ltltptrn'cnunll-.,.----------- -................. SR.:SR.ODU Innnlallnn and Trchrklk W ..... ......... S6,043.,000 Reek Management ............ ...... . _. ... 51,916.1*0 CiOc C"I11Plumc ...------- _......... .......................... ... S 1.7747MO llatvnlnwit 11rs'dopmrfn Aullx+ra,%..... ..... _.............. 51.630JIM) llwnansemue-................ ............................_.......... Sl,OOtI,Wl1 !„enlllln111iLNL1fgt3 .. . ............. .... .......... $57:.000 %gill n................. .. ....... - .. S381.000 1rlAUI iII$ ............. ................ ................ � ...... ... .......... ... . - SM0.OW 1ItXMIngantit:0nlIrlunOvM7 dg%U en1......... .... ._$iO3,000 Submitted into the public record for item(s) L314.1_8' on q !02-02-City clerk • Resilience and Sustainability is once again a stand-alone department reporting to the Deputy City Manager/Chief of Infrastructure • $ 33.6M increase for Police and Fire pension, the main increase has to do with past Settlement agreement • $13.7M Salary increase as per labor negotiation and step increase for Non -Union ($4.7M AFSCME, 830K Local 871, $4.7M FOP, $1.4M IAFF and $2.1 M for Non -Union) • $14M recurring and mandatory transfer out to Capital Fund which include $6.6M for Oracle Cloud implementation (City's financial system) • $2.9M of aids to private and government agencies • *$300k Virginia Key Beach (*Virginia Key Beach proposed budget includes $600K from the City, only $300k is in the City's Budget) • $199k Liberty City (*Their proposed budget includes $495K, only $199K is in the City's Budget, a difference of $296k) • $9.6M For Capital and Operating enhancements for the Building Department • $18M of direct and indirect cost not covered by Solid Waste Assessment Fee. • $23.2M unfunded surtax revenues from the Citizen's Independent Transportation Transit to fund trolley operations and related expenditures and debt service payment for Service Street and Sidewalk Bonds. Fund balance, Freezing of projects and vacant positions and $10M from Transportation TF to fund trolley operations • $24.95M for light and heavy fleet replacement is not currently funded Office of Management and Budget un°nrg,er. hanrrng, and Craeoontring ar,t,onw anrav rmn;g, rr.lwlar.g. and twwyorrwn� •.. - Srrvnrg, rnHianrrrzg, ,and minplrrrm ig "g.r a*nrmuni tv Check us out at: www. m is rn i gov. co ni/b a d In get 13 4 1 ,. _ 1,4 is Y. Rr Serving, enhancing, and transforming our comrzunity