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General FundFund Balance History

Note: a $47M investment loss was booked entirely to the General Fund in FY08. In FY09, other funds transferred revenue to the General Fund to make up for their shares of the loss.

FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14Reserved 3,980,120 16,683,143 16,199,920 15,403,578 12,611,331 12,717,786 12,391,042 12,678,528 9,254,113 Unreserved 64,481,757 3,734,702 - - 57,079,624 46,556,001 53,443,757 45,708,956 42,043,434 Economic (30-60 days) - 13,450,023 18,638,532 29,656,996 33,461,771 33,475,958 33,234,134 32,525,865 33,142,177 Emergency (90/75 days) - 51,031,734 62,908,009 49,961,318 50,192,656 50,213,937 49,851,201 48,788,798 41,427,721

Total Begininning Fund Balance 68,461,877 84,899,602 97,746,461 95,021,892 153,345,382 142,963,682 148,920,134 139,702,147 125,867,445

Additions / (Subtractions)* 16,437,725 12,846,859 (2,724,569) 58,323,490 (10,381,700) 5,956,452 (9,217,987) (13,834,702)

Total Ending Fund Balance 84,899,602 97,746,461 95,021,892 153,345,382 142,963,682 148,920,134 139,702,147 125,867,445

(31,710,727) (24,177,716) - - (31,360,432) (23,567,565) (34,538,896) (32,955,849) (45,940,735) * Note: Amount of Fund Balance Budgeted to Spend (Adopted)

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Revenue Overview(Categories & % of Total Collections)

1. Taxes (28.8%)• General Fund: Property Taxes, Communications Services Tax• Restricted: Surtax, Tourist Development Tax, Fuel Taxes

2. Permits, Fees and Special Assessments (8.9%)• General Fund: Franchise Fees• Restricted: Fire, Solid Waste & Stormwater Assessments, Impact Fees, Permits

3. Intergovernmental (9.9%)• General Fund: Half-Cent Sales Tax, State Revenue Sharing• Restricted: State Levied Fuel Taxes, Local 50-cent E911 Charge

4. Charges for Services (43.6%)• General Fund: Parks / Library User Charges• Restricted: Utility & Solid Waste System Charges, SCAT Charges

5. Judgments, Fines & Forfeitures (0.3%)• Various Funds: Primarily collections from courts, Sheriff, libraries, etc.

6. Miscellaneous, Capital Contributions & Interest (8.5%)• Various Funds: Primarily interest and investment gains/losses

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Revenue Forecasting

Most major Revenues are forecasted with “Forecast Pro”• Comprehensive forecasting and forecast management system• Utilizes various statistical models such as Exponential Smoothing, Box-

Jenkins, etc.)• Utilizes historical data via Microsoft Excel

FY13 major revenue collection results:

General Fund: Half-Cent Sales Tax = -$189K less than forecasted State Revenue Sharing = $278K more than forecasted Communications Svc’s Tax = $176K more than forecasted FPL Franchise Fees = -$1.3M less than forecasted

Non-General Fund: Infrastructure Surtax = $190K more than forecasted Tourist Development Taxes = $927K more than forecasted Gas Taxes = -$740K less than forecasted

Total Receipts -$1.0M (or -1.7%) less than forecasted

Total Receipts $378K (or 0.6%) more than forecasted