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Home My WebLink AboutSubmittal-Marie Gouin-Budget PowerPoint PresentationSubmitted into the public record for item(s) or, 00120227 City Clerk FISCAL YEAR 2022-23 BUDGET PUBLIC HEARING Serving, enhancing, and transforming our community I 2_59s Sub' (- bucilef fw.P�PoiPri,5mizjior) Submitted into the public record for item(s) 61-1.i F on4/10 J2022, City Clerk Millage and Property Tax FY 2021-22 TOTAL ADOPTED MILLAGE RATE 7.9900 MILLS General Operations: 7.6 66 5 General Obligation Debt: 0.3235 FY 2022-23 TOTAL PROPOSED MILLAGE RATE 7.8774 MILLS General Operations: 7.5539 General Obligation Debt: 0.3235 Total Assessed Value $275,381 Average Homestead $500,000 $1,000,000 FY 2022-23 Taxes 7.8774 $2,169 $3,939 $7,877 FY 2021-22 Taxes 7.9900 $2,200 $3,9955 $7,990 Submitted into the public record for item(s) 8H.18 on /f /4202z, City Clerk Operating Minage and Rolled -luck Rate • The operating millage rate is 7.5539 mills • The rolled -back rate is 6.8725 mills • The operating millage of 7.5539 is 9.91 percent higher than the state -defined rolled -back rate of 6.8725 mills • "Rolled -back rate" - The millage rate which will provide the same property tax revenues as was levied during the previous fiscal year, exclusive of levies on new construction, additions to structures, deletions, and property added due to geographic boundary changes Submitted into the public record for item(s) 8#-1./$ on Cd/0/2022rCity Clerk Property Taxes Izcgit nal faxing Authorities hihurt iDade County. 244 \iiamihade Public School ?4#t Allocation of Each Dollar Paid in Property Taxes - FY 2022-23 City of Miami Operating 354 City of Miami Debt 2a Submitted into the public record for item(s) 81-H ' on9jlnf?0?City Clerk City of Miami — Two Budgets Every Year The City adopts two budgets every year - an Operating Budget and a Capital Budget. The City's Proposed Operating Budget for FY 2022-23: $1,512,019,000 The City's Proposed Capital Budget for FY 2022-23: $981,470,000 with $48,292,000 newly appropriated. Submitted into the public record for item(s) Afri4S on 400/1ca27 City Clerk City Operating Budget — Four Fund Category Debt Service Funds! .a fiat 111.11 Special Revenue Fund4: $376,337,0 00 [:encraI Fund: S165,281,000 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 Service Funck accounts for proceeds of City issued debt and repayment of principal and interest Submitted into the public record for item(s) -I. le on'f Fo/2.D2 _, City Clerk General Fund — Where the Money Comes From 1.596 0.696 '„ Where the Money Comes From: ueiieral Funcu >itiL V ei&tie Sources Total: $965,281,000 • Property Taxes • $490.6 million • S4.8 6 • Charges For Services • $126.7 million • 13.11/4 • Franchise Fees and Other Taxes • $124.2 million • 12.9% Intergovernmental Revenues • $96.2 million • 1O.01 • Licenses and Permits • $78.5 million • 8.1 % • Other Revenues (Inflows) • $25.6 million • 2.7% • Transfers -In • $14.9 million • 1.5% • Fines and Forfeitures ■ $6,2 million • 0.6% • Interest • $2.5 million • 0.3",, The General Fund includes revenues frorn a variety of sources, including fees, fines, and state and kcal taxes. Property tax revenue comprises 50.8% of total General Fund revenues and represents the largest source of funding for general operations. Submitted into the public record for item(s) fU •i8 onellid20Z2-, City Clerk General Fund — Where the Money Goes by Category 0.0% Where the Money Goes: Expenditures by Category • Salaries and Wages • $451.9 million • 46.5% • Employee Benefits • $269.3 million • 27.7% • Operating Expenses • $153.4 million • 15.8% • Non -Operating Expenses 424.1 million • 2.5% • Capital Outlay 40.3 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 • $25.9 million Transfer to Cost Allocation • $1.8 million Transfer to Transportation Trust Fund • $300,000 Personnel costs, 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) ti-Ase- on 91►O/2022; City Clerk General Fund — Where the Money Goes by Function Where the Money Goes: i-:xpenciitures by l-unction • Public Safety • $516.6 million • 53.5% • Non Departmental Units • $] 11.9 million • I I.6 ., • Resilience and Public Works • $111.5 million • 1 l.6% • General Government • $100.5 million • 10 I.1'!F, • 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. 9 Submitted into the public record for item(s) IB�f iS on'fhc/2a2_, City Clerk Total Operating Budget GENERAL FUND AMOUNTS Proposed FY 2022-23 �GL 5bt t %0 �6l 30IZFP shk z1g S3 Resllicncr and Public Works 530,595,000 Building $27,766.000 Real Estate and Aunt Muo. gcmcnm S17,480,0110 lrlrkrV.astn and Technology Si 5,710.000 Finance 512,358,000 City Attorney S12,279,000 Code Compl[;rn.x 510,713,000 Commissioners 510,616,000 Huntan lierr3.rc 56,62-4,000 ' Planning 56,461,000 'City Manager $6,236.000 •Human Resources S6,033,0110 'Office of Znnrrog 55,849.000 11,,k 51a,ugcmml 13.135.1106 I laming & l .,mm,mny t) 1. pmern carnal in,p.,,.n„rlm---__.__-- 53,t15,000 kodfrarCamera .._._.----.................... __........_....._.._S3,d51A00 lntnmunrca[inn.....- Ianagrmen I and 0odr.. 03,174,000 011E2 u1 Rc1Ulrncr arid Simannability _._...__......— T I,082,000 Ytapx _ $.1.137A00 [ iwif S r ke Nrard......._................................._...............i6A.On6 f ]ry F1erk.-._....-.—._.._._.____.._. ___.___ 52.152,0M (Mier al F41w1 tlp4rxlun6y 1r llmersify l'rngra,m _ .5617,0110 ...............42,025,1100 Agenda. G.M,rdinaSiva.......... 5.1116.0110 S I d.13,01K1 11.776,0 9 51.57140116 Submitted into the public record for items)!4 f8' on q/,o/Zo22, City Clerk Total Capital Budget !:, yl F,statc and Asset Moulernent 5136,137,000 Park. & nee -tedium 52.74,7293100 0i-414-nee and Public 3ti'nr1.a 5312 558,000 TOTAL SIX -YEAR PLAN Proposed FY 2022-23 - lin-Rrxur $5221333100 t_ rake 537.269,000 - — t ,cncra l Service, Adam nictrazlrm 530,420,000 - Finance 514.402.000 — Odor Depo nun4+and Agencrt's 531,517,000 solid Waste $9.4177,000 Ulku'e of Capitol Imptuvcnunls,$1.26a.0W I nnr nallon and Techrask+l;y .............................. _.__ _ 50,043,000 Rink Managenient...._............... ......................... 51916.1,00 4anuplun.c..._.._......................... ........_...__ ... 51,747,000 [Tanntnsvn tleivlolaneni AutIi th..........._ 51.630.1100 Human 5[rei[tis--........................... ....................... $1,0041,0041 Crnnlnuni�atinns... 53-2 000 7a.ning...,......, 5381,000 Plunsin ......... .. ._ 5380,0181 limning and i:unlmmuv Deitch vinnent ........... _.$103,000 Submitted into the public record for item(s) I-{. f on g1l0/2024-City Clerk FY 2022-23 Highlights • 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 • $ l 3.7M 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 • $24.95M for light and heavy fleet replacement is not currently funded Submitted into the public record for item(s) f3►- f . J$ on' /,o/2b227 City Clerk Office of Management and Budget FISCAL YEAR 2022-23 I'RO I'O `l I BUDGET IN BRIEF un°mg. sr Unsung, and Ir rILParrrrIng 014, wr0/14ns71. FISCAL YEAR 2022.23 I'IU.)l OSLD OPERATING BU1r)GFT Srmrrg., sr.Irunrirg, dnrl tWrivi,rrwri+ ., r r rn i,,, FISCAL YlB AR 2022:2I P !WPM 1.Ev; N ;E MANUAL rvnrg, snkiinrrng, doidfnllnyernrpoig ago. a*nnmily Check usout at: www.m is m igov. co mlh a dgct FISCAL YEAR 1622.2.1 PROPOSED CAPITAL BUDGET k SM.W.enhancing, arwI Irnrrs,Iornurrgnur cc>unr r Submitted into the public record for item(s) 8H.iS on 40/20 z 25 City Clerk FISCAL YEAR THANK YOU ! Serving, enhancing, and transforming our community