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structurally balanced without the use of fund balance. This was made possible due to the increase in taxroll mentioned above. Municipal Service Taxing Unit (M. S. T. U.) Fund The M.S.T.U. recommended budget is $25,754,976 an increase of $771,920 or 3.1 % (page 32). Transfers out to the Transportation Fund are increasing by $224,353 and to the General Fund for Law Enforcement by $462,394. Transfers out make up such a large portion of the M.S.T.U. expense budget (77.4%), that any change causes a significant impact on the total fund budget. A summary of major factors impacting the M.S.T.U. Fund is shown below: • Ad valorem taxroll — 5.4% increase, $411,000 additional revenues • Transfers Out - $686,747 increase • Franchise fees — increase of $465,000, or 5.7% The M.S.T.U. departmental budgets are decreasing $106,678, or (2.2%). Funding has been included for salary increases totaling $105,698. Many M.S.T.U. Fund revenues are improving for the upcoming fiscal year. Ad valorem revenues are increasing by $411,000 or 5.4% due to the increased tax roll. Franchise Fee revenues are increasing by $465,000 or 5.7% from the current fiscal year (including natural gas). The Local Communication Service Tax is down $50,000 or (4.2%) due to changes in communication service consumption coupled with recent legislative changes. Half -Cent Sales Tax is projected to remain unchanged, while State revenue sharing is expected to increase by $87,183 or 6.1% Based on the preliminary tax roll, the assessed value. increased 5.4% compared to an increase of 1.4% last year. New construction added 1.5%, while existing values increased 3.9%. The proposed millage rate for the M.S.T.U. Fund is 1.0733, no change from last year. This is 3.9% above the rollback rate. Transportation Fund The recommended budget for the Transportation Fund is $13,642,957, an increase of $123,239 or 0.9% (page 34). Some of the major factors impacting the Transportation Fund Budget are presented below: • Osprey Marsh Stormwater Park — 20% of operating expenses funded here ($75,990 — remainder funded by Utilities) Replacement Capital - $199,180 recommended plus 13/14 catch-up • Staffing increase — 1 FT position, $78,368 increase One (1) full-time Civil Engineer has been added in the Engineering Department to keep up with increased permitting activity.