07/11/2018 (4) - Laserfiche WebLink

Home Browse Search

Municipal Service Taxing Unit (M.S. T. U.) Fund The M.S.T.U. recommended budget is $31,937,701, a decrease of $415,781, or 1.3% (pages 32-33). Transfers out to the Transportation Fund are increasing by $46,342 and transfers for Law Enforcement are increasing by $910,085. As transfers out comprise 76.0% of the M.S.T.U. expense budget, 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 tax roll — 6.98% increase, generating $638,081 in additional revenue. Transfers Out - $5,313,904 to fund transportation; $18,970,565 to fund law enforcement. • Increase in Communications Services Tax revenue— $100,000; Half -Cent Sales Tax is projected to increase by 5.4%, while State Revenue Sharing is expected to increase by 3.0%. These revenues will generate an additional $412,352 in FY2018/19 to the MSTU Fund. Based on the July 1 certified tax roll, the assessed value increased 6.98%; new construction added 2.08%, while existing values increased 4.91%. The proposed millage rate for the M.S.T.U. Fund is 1.0733, which is the same rate as the current fiscal year. This is 4.91% above the rolled back rate. Transportation Fund The recommended budgetforthe Transportation Fund is $16,743,301, reflecting a decrease of $11,358 or 0.1 %. (page 34). Some of the major factors impacting the Transportation Fund budget are presented below: Staffing increase — 4 FT positions, $283,254; Increase in budgeted roadway materials (road grading program) - $100,000; There are four (4) additional positions recommended in the Transportation Fund budget. These include two (2) Heavy Equipment Operator positions to add a drainage crew to approve maintenance of drainage systems. There is also one Heavy Equipment Operator to increase the existing level of service in road grading in the FellsmereNero Lake Estates service area. The Board authorized the purchase of an additional grader, which will be funded via budget amendment in the current fiscal year so that enhanced grading operations can commence at the beginning of FY2018/19. An Assistant Public Works Director position has been added to oversee day to day operations in County Engineering, Traffic Engineering, Permit Review, Coastal Engineering, and Telecommunications. Constitutional gas taxes are budgeted to increase by $25,000 while County gas tax revenues reflect an increase of $15,000. Transfers from the General Fund and M.S.T.U. will account for 66.8% of total revenues next year compared to 61.0% for the current year. 12