Item V. On July 9, 2020, the Board approved a proposed FY21 millage - PDF document

Public Hearing September 29, 2020 Presentation of FY21 Final Budget Item V. On July 9, 2020, the Board approved a proposed FY21 millage rate and a proposed FY21 budget. The proposed ad valorem millage rate was then certified to the Property Appraiser on July 31, 2020 for inclusion in the Truth in Millage (TRIM) Notices. These notices, which were mailed to all county property taxpayers on August 24, 2020, also contained the notice of the first public hearing on September 15, 2020. A Budget Summary and Notice of Proposed Tax Increase , which advertises this second and final public hearing, was published in the Tampa Bay Times on September 27, 2020 in accordance with Florida Statutes section 200.065. No revisions have been made to the final budget since it was presented at the first public hearing to the Board on September 15, 2020. Attachment: FY21 Final Budget Staff Resource: Laura Krueger Brock Diana Carro

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August 24, September September September September October 1, 2020 10, 2020 15, 2020 27, 2020 29, 2020 2020 • 1 st Public • 2 nd Public • Property • Tentative FY21 • TRIM ad in • JWB Fiscal Appraiser Budget posted Hearing – newspaper to Hearing – Year Begins advertise 2 nd mails TRIM to JWB Board adopts Board adopts Notices website, per tentative FY21 Hearing final FY21 F.S. 189.016 millage rate millage rate and budget and budget 2

0.9500 0.8981 0.8981 0.8981 0.8981 0.8981 0.8981 0.8981 0.8981 0.8981 0.9000 0.8337 0.8500 0.7963 0.7915 0.7915 0.7915 0.8000 0.7384 0.7500 0.7000 0.6500 0.6000 0.5500 0.5000 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 3

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 Property Valuation of $91.7B (7.3% increase)  Proposed Final Millage Rate of 0.8981 (requires two-thirds vote) • Unchanged since FY13 • 6.12% greater than the roll-back rate of 0.8463 • Millage Rate of 0.8981 yields Ad Valorem revenues of $78.2M  Maximum millage rate allowed with a majority vote is 0.8950 5

 Updated FY20 projected lapse to $12.9M (16.14%), thus increasing FY21 beginning fund balance to $34.7M  10.3% projected lapse in each future year  Property values will decrease 4% in FY22, followed by increases of 1% and 2%  FY24 Unassigned Fund Balance of 24% exceeds 8.3% target  F unding for Capital Request for Application’s (RFA) continues in future years at $1M each year  Funding for Future Programming continues in future years at $1.5M each year  Funding for Cost-of-Living Adjustments for Eligible Programs continues in future years 6

FIVE YEAR PLANNING FORECAST (NEW) Budget(Forecast)/Millage Rate Calculation Scenario 3 Amended Actual Amended Projected Projected Projected Projected FY19 FY19 FY20 FY21 FY22 FY23 FY24 BEGINNING FUND BALANCE 24,165,807 24,611,837 25,938,114 34,738,632 40,039,696 41,069,116 39,947,347 Property Value 79,417,253,029 79,417,253,029 85,328,871,674 91,683,159,071 88,015,832,708 88,895,991,035 90,673,910,856 Tax Revenue (95% in FY 21, all other years 97%) 69,184,896 68,840,746 74,334,844 78,223,613 76,675,609 77,442,365 78,991,212 Other Revenue 935,291 1,354,962 1,272,611 691,740 691,740 691,740 691,740 TOTAL NET REVENUES 70,120,187 70,195,708 75,607,455 78,915,353 77,367,349 78,134,105 79,682,952 TOTAL RESOURCES 94,285,994 94,807,545 101,545,569 113,653,985 117,407,044 119,203,220 119,630,299 Administration 7,921,732 7,394,004 8,258,127 8,413,639 9,034,680 9,579,158 10,185,914 Non-Administration 2,220,054 2,102,079 2,409,509 3,135,555 3,208,613 3,283,374 3,359,877 Program Continuation 64,089,884 56,134,560 66,475,597 66,120,447 68,268,018 70,860,306 73,494,071 Program COLAs - - 915,669 1,047,571 1,092,288 1,133,765 1,175,905 Capital RFA (One Time Only) 1,000,000 991,182 1,000,000 1,250,000 1,000,000 1,000,000 1,000,000 Future Programming 638,339 - 301,141 1,100,000 1,500,000 1,500,000 1,500,000 Contingency 500,000 - 307,538 1,000,000 1,000,000 1,000,000 1,000,000 TOTAL EXPENDITURES 76,370,009 66,621,825 79,667,581 82,067,212 85,103,600 88,356,603 91,715,767 REVENUE MINUS EXPENDITURES (6,249,822) 3,573,883 (4,060,126) (3,151,859) (7,736,251) (10,222,499) (12,032,815) Projected Lapse* - - 12,860,644 8,452,923 8,765,671 9,100,730 9,446,724 PROJECTED SURPLUS / (LOSS) (6,249,822) 3,573,883 8,800,518 5,301,064 1,029,420 (1,121,768) (2,586,091) Two Month Cash Flow Reserve 12,728,335 11,103,638 13,224,864 13,677,869 14,183,933 14,726,101 15,285,961 Unassigned Fund Balance less Cash Flow Reserve** 5,187,650 17,082,083 21,513,768 26,361,827 26,885,182 25,221,246 22,075,295 Unassigned Fund Balance % of Expenditures 7% 26% 27% 32% 32% 29% 24% Total Unassigned Fund Balance 17,915,985 28,185,720 34,738,632 40,039,696 41,069,116 39,947,347 37,361,256 TOTAL REQUIREMENTS 94,285,994 94,807,546 101,545,569 113,653,985 117,407,044 119,203,220 119,630,299 ADMINISTRATIVE RATE 8.40% 7.80% 8.13% 7.40% 7.70% 8.04% 8.51% Forecast Assumptions FY20 FY21 FY22 FY23 FY24 Property Value (same as County) 7.49% 7.27% -4.00% 1.00% 2.00% Millage Rate 0.8981 0.8981 0.8981 0.8981 0.8981 Other Revenues 36.07% -45.64% 0.00% 0.00% 0.00% Administration Salaries 3.21% 1.90% 3.00% 3.00% 3.00% Fringe 11.02% 8.85% 15.00% 15.00% 15.00% Operating 3.06% -5.48% 1.00% 1.00% 1.00% 8.53% 30.13% 2.33% 2.33% 2.33% Non-Administration 5.15% -0.53% 3.25% 3.80% 3.72% Program Continuation Eligible Programs COLA's 1.38% 1.58% 1.60% 1.60% 1.60% 16.14% 10.30% 10.30% 10.30% 10.30% Lapse Projection (3 year rolling average)* * Lapse Projections represent the anticipated annual lapse amount, and is not reflected in the annual budget ** Unassigned Fund Balance includes projected surplus/(loss) Balanced Budget - Recurring expenditures should be equal to or less than recurring revenues. Projected lapse used to balance the budget and projected one- time- only expenditures are funded by excess fund balance. 9/15/2020 7

 Public Comment 8

None 9

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FY20 Budget FY21 Budget Variance $25,938,114 $34,738,632* 33.93% $1,000 $7,742 674.20% $21,876,988 $31,579,031 44.35% $21,877,988 $31,586,773 44.38% ($4,060,126) ($3,151,859) 11

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FY21 Children & Family Services ($68,418,018) $8,444,086 $12,443,885 13% 18% $25,483,521 37% $22,046,526 32% School Readiness School Success Prevention of Child Abuse & Neglect Strengthening Community 13

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Three Year Expenditures Budget Trend $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 School Readiness School Success Prevention of Child Strenthening General Government Abuse & Neglect Community FY19 Amended Budget FY20 Amended Budget FY21 Proposed Budget 15

 Public comment 16

Juvenile Welfare Board of Pinellas County FY21 BUDGET

Table of Contents EXECUTIVE SUMMARY ................................................................................................ 1 .................................................................................. 2 MISSION, VISION, AND VALUES BUDGET OVERVIEW ..................................................................................................... 3 JWB BOARD MEMBERS ............................................................................................... 8 ORGANIZATIONAL CHART .......................................................................................... 9 REVENUES & EXPENDITURES: SUMMARY ............................................................. 10 REVENUES: BY CATEGORY & FUNDING SOURCE ................................................. 11 .............................................. 12 EXPENDITURES: CHILDREN & FAMILY PROGRAMS EXPENDITURES: CHILDREN & FAMILY PROGRAMS ALPHABETIZED ................. 19 .......................... 23 EXPENDITURES: GENERAL GOVERNMENT - ADMINISTRATION ................. 24 EXPENDITURES: GENERAL GOVERNMENT - NON-ADMINISTRATION FY21 BUDGET PROCESS ........................................................................................... 25 FY21 BUDGET CALENDAR ........................................................................................ 26 GLOSSARY .................................................................................................................. 28