Jun 25, 2013 ... Contracts for Recurring Operational Support & Maintenance (increased by 6%) o
Reduced by ...... W203. Restoration - Old Tampa Bay Tidal Tributaries. 400,000. -.
82. W312 .... Transmission and Storage Pond Project. 1A.
Item 40
Fiscal Year 2013 2013--14 Recommended Annual g Service Budget
Presented to Governing Board June 25, 2013 Note: Recommended Annual Service Budget has been adjusted for modifications made by the Governing Board at the June 25, 2013 meeting.
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Presentation Agenda Critical Budget Assumptions Total Workforce Revenues Expenditures by Area of Responsibility Expenditures p by y Program g Expenditures by Category Budget Development Calendar Staff Recommendation
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Critical Budget Assumptions – Revenues Taxable property values – 1 percent increase (for new growth) Millage rate held at FY2012-13 level (0.3928 mill) •
Will not represent a tax increase as defined by statute
State appropriation of $1 million for Duck Slough Watershed (new) Anticipate state funding for springs projects – amount to be added to budget at later date (new) Florida Forever – budget to be amended as land acquisitions approved pp ((includes $2.75 million)) Permit fee reduced to $1.7 million based on potential fee reductions Interest earnings based on estimated cash balances and 0 0.50% 50% earnings rate (earnings rate increased to 0.75% - $3.7 million in budget) Balance from Prior Years estimated at $45.3 million (includes $54.1 million; $8.8 million to be designated for the District’s short-term projects reserve)
Restricted Basin funds applied to projects first; then general district funds 3
Critical Budget Assumptions – Expenditures (Page 1 of 2) Operating budget targeted at FY2012-13 levels (achieved 1% reduction)) • Total Workforce dollars increased by 0.8% o Reduced total workforce by 5% from 617 FTEs in FY2012-13 to 585 FTEs for FY2013-14
Reduced Authorized Positions from 609 FTEs to 585 FTEs (achieved)
Eli i Eliminated dC Contingent i W Workers k - 8 FTEs FTE (achieved) ( hi d)
o Merit increases of $500 thousand (Includes merit increases of 3%) o Benefit costs increased for retirement contribution and health insurance
• Operating Expenses (achieved 2% reduction) o Reduced by 32% preceding two years
• Contracts for Recurring Operational Support & Maintenance (increased by 6%) o Reduced by 47% preceding two years
• Operating Capital Outlay (achieved 27% reduction) o Reduced by 62% preceding two years
Projects zero-based and separately justified (completed) Higher priority given to water resource projects that can be expedited as a means to stimulate Florida’s economy (achieved)
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Critical Budget Assumptions – Expenditures (Page 2 of 2) Policy Goals and Outcomes: Project P j t expenditures dit equall att lleastt 50 percentt off b budget: d t • 56 percent achieved
Operating expenditures do not exceed 80 percent of ad valorem alorem re revenue: en e • 74 percent achieved
Salaries and benefits do not exceed 50 percent of ad valorem revenue: • 48 percent achieved
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Legislative Budget Commission M R May Reject j tA Any off th the F Following ll i WMD Proposals P l (Section 373.536(5)(c), Florida Statutes) A single purchase of land in excess of $10 million, except for land exchanges A Any cumulative l ti purchase h off lland dd during i a single i l fifiscall year iin excess of $50 million Anyy issuance of debt on or after July y 1,, 2012 Any program expenditures as described in sub-subparagraphs (e)4.e. and f. in excess of 15% of a district’s total annual budget • Represents R t 9 percentt off SWFWMD’ SWFWMD’s ttotal t l proposed db budget d t
Any individual variances in a district’s tentative budget in excess preliminary y budget g of 25% from a district’s p
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Total Workforce (FY2009-10 – FY2012-13 Adopted and FY2013-14 Proposed) 1,000 900
891 850 764
800 700
617
585
600
891
FTEs (2010)
500 400
585
300
FTEs (Proposed)
200 100 FY2009-10
FY2010-11
Authorized Positions
FY2011-12
Temporary Employees
FY2012-13
FY2013-14
Contingent Workers
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Revenues (In millions)
Revenues Ad Valorem St t / F d l / L State / Federal / Local l Licenses and Permits Interest Other Balance From Prior Years * Use of Basin Restricted Funds Total Budget
Proposed g Change g Percent Budget FY2013‐14 From Change From as of June 25 FY2012‐13 FY2012‐13 $101.5 $1.0 1% 13 9 13.9 82 8.2 144% 1.7 (0.2) ‐11% 3.7 1.7 85% 0.3 (0.1) ‐24% 45.3 6.0 15% 2.9 (6.9) ‐71% $169.1 $9.7 6%
* An additional $8.8 $ million of balance from prior years is available that is not budgeted, to be designated for the District’s short-term projects reserve as part of fund balance.
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Revenues (In millions) Proposed FY2013-14 Budget as off J June 25 ($169.1 Million)
