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Home My WebLink AboutSubmittal-FY 14 Proposed Budget PresentationCITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Honorable Mayor and DATE: September 12, 2013 Members of the City Commission FROM: Da e . Al Acting City Mana SUBJECT: FY14 Proposed Budget ATTACHMENT(S): Presentation In preparation for the First Budget Hearing, please find attached the Fiscal Year 2013-2014 Proposed Budget Context and Outlook presentation which highlights and identifies various items from the City's proposed budget. C: Johnny Martinez, P.E., City Manager Alice Bravo, P.E., Assistant City Manager Luis Cabrera, Assistant City Manager Todd Hannon, City Clerk Department Directors CM013002 /3 - 42051 F-Y1 «o Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board FY 2013-14 Proposed Budget Context and Outlook September 12, 2013 Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board Budget Highlights FY2014 Proposed General Fund Budget - $524.0 million Proposed budget includes: o Additional 25 police officers o Additional staffing resources in Building Department (6 positions) and Planning and Zoning Department (7 positions) o Additional staffing resources in Human Resources Department (4 positions) o Increased allocation for Fire -Rescue Department capital needs o Negotiated partial -year wage increase for sworn police Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board Budget Highlights Proposed budget does not include: o Wage increases for non -FOP employees o Living wage increase o Adequate funding for citywide capital needs, including: — Maintenance of City infrastructure — Facility repairs and maintenance Replacement of City vehicles — IT upgrades and computer replacements o Contribution to fund balance reserves to achieve immediate compliance with Financial Integrity Principles Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board $650.00 $600.00 $550.00 $500.00 p $450.00 $400.00 $350.00 $300.00 $250.00 Historical Revenues and Expenditures General Fund FY2001 to FY2014 1 % 1 0�40. 4. 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Estimate Proposed Revenues --- Expenditures Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board 2001 2002 2003 2004 Historical Ending Fund Balance General Fund FY2001 to FY2013 2005 2006 2007 2008 o General Fund Ending Fund Balance 2009 2010 2011 2012 Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board 2013 Estimate $310.0 - $290.0 - $270.0 - co $250.0 0 • $230.0 $210.0 - $190.0 - $170.0 $276.4 Budgeted and Actual General Fund Property Tax Revenue FY2009 to FY2014 $210.7 $209.1 $207.3 Estimate $225.7_ $216.5 Estimate FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 —Budget —Actual Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board Pensions $75.3 million Wages $246.8 million Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board FY2013-2014 Proposed General Fund Budget $524.0 million Life and Health $41.5 million Worker's Comp $13.3 million Other Benefits / $10.3 million Employee Benefits $140.5 million Debt Service $24.1 million Budget Reserve $16.1 million Utilities $18.6 million Insurance $9.0 million Tipping Fees $8.4 million Other Non -Discretionary $10.6 million All Other Expenditures $49.9 million Parks & Recreation $29.3 million Fire -Rescue $99.6 million Police $167.3 million ;\ = \ Insurance $9.0 million Solid Waste $27.6 million Public Works $16.4 million FY2013-2014 Proposed General Fund Budget $524.0 million Wages $61.5 million Employee Benefits $32.7 million Debt Service $24.1 million . Budget Reserve $16.1 million Other Non - All Other Discretionary Submitted into the public �" `" Expenditures $10.6 million record in connection with $29.8 million BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board All Other Cost Centers $183.8 million 4.111111 Forecasted Operating Result and Ending Fund Balance FY2012 — FY2018 General Fund Current Forecast — Proposed Budget $90 - $70 - $50 - N o $30 - 1 $10 - -$10 2012 2013 Actual YE Projection 2014 Proposed 2015 Forecast 2016 Forecast •Surplus/Deficit uEnding Fund Balance 2017 Forecast $96.0 2018 Forecast *Note: Forecast does not include potential impact of future collective bargaining Submitted into the public record in connection with BH.1 on 09/12/13 Todd B. Hannon Clerk of the Board