07/13/2016 (2) - Laserfiche WebLink

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•A summa of major factors impacting th summary 1 p g e M.S.T.U. Fund is shown below: • Ad valorem tax roll — 6.36% increase, $538,000 additional revenues • Transfers Out - $2,485,628 increase to fund Sheriff's law enforcement and $286,680 to fund transportation. • Intergenerational Facility funding- $399,837 (full year of operation) • Shooting Range — increase of $307,879 primarily to fund new Skeet &Trap facilities • Franchise fees - increase of $392,500, or 4.4% • Continuation of funding for City electric/FMPA issues - $69,789 • Funding for new positions at the IG Building, Shooting Range, Parks Conservation, Code Enforcement, and Planning $514,444 salary & benefits The M.S.T.U. departmental budgets are increasing $589,181 or 10'.8%. This increase is mainly due to the opening of the Intergenerational Facility and the Skeet & Trap Facility at the Shooting Range. ultiple positions are being proposed in the upcoming budget to accommodate these facilities including our (4) full-time positions for the Intergenerational Facility, and two (2) full-time and four (4) part-time positions at the Shooting Range. Over the long run, the addition of the Skeet & Trap Facility is projected to provide revenues sufficient to fund operating expenses associated with this facility. The MSTU budget is also focused on improving public access to conservation lands. Through a series of bond issues approved via referendum, Indian River County has made a concerted effort to acquire lands for conservation. However, acquiring public lands was only the first step. Maintaining the 11,923 acres of conservation lands owned by the County, improving public access, and capitalizing on this initial investment by promoting eco -tourism are the next stages of this conservation effort. A Conservation Land Technician is being added to facilitate these efforts. A Staff Assistant I has been increased.from part-time to full-time in Code Enforcement, and a Planning Technician I is being. added in the Planning Department to keep pace with increased development activity Many M.S.T.U. Fund revenues are improving for the upcoming fiscal year. Half -Cent Sales Tax is projected to increase by 7.6% overall, while State revenue sharing is expected to increase by 7.3%. These revenues, along with the increase in Franchise Fees will bring in an additional $2,632,656 to the FY 2016/17 budget. � ased on the July 1 certified tax roll, the assessed value increased 6.36% compared to an increase of 53% last year. New construction added 1.93%, while existing values increased 4.42%. The proposed 11