CITY OF TITUSVILLE, FLORIDA

ADOPTED BUDGET FISCAL YEAR 2019

CITY COUNCIL
Walt Johnson, Jr., Mayor
Matt Barringer, Vice-Mayor
Dan Diesel, Member
Sarah Stoeckel, Member
 Jo Lynn Nelson, Member

WILLIAM S. LARESE CITY MANAGER

RICHARD C. BROOME CITY ATTORNEY

City of Titusville, Florida
Adopted Budget
 Fiscal Year 2019

INTRODUCTION

GENERAL FUND

ADMINISTRATION

i

OPERATIONS

COMMUNITY DEVELOPMENT

SUPPORT SERVICES

NON-DEPARTMENTAL

SPECIAL REVENUE FUNDS

DEBT SERVICE FUNDS

ii

CAPITAL PROJECTS FUNDS

ENTERPRISE FUNDS

INTERNAL SERVICE FUNDS

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City of Titusville "Gateway to Nature and Space"

October 11, 2018

Honorable Mayor and City Council
City of Titusville
555 South Washington Avenue
Titusville, Florida 32796

Honorable Mayor and Council Members:
  

The Fiscal Year 2019 Adopted Budget is hereby presented in accordance with Section 15 (5) of the Charter of the City of Titusville.  The Fiscal Year 2019 budget is balanced using an operating millage rate of $7.9517, which is 9.19% above the roll back millage rate of $7.2822, yielding an increase of $1.26 million in Ad Valorem revenue. The Ad Valorem tax revenue comparison graph over the past ten years is depicted below:

City of Titusville Ad Valorem Tax Revenue

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The annual budget process began with a Community Conversation workshop in January 2018. During the workshop, a diverse group of residents and other stakeholders had an opportunity to share their ideas about issues the City should address in the next year. During a subsequent Strategic Planning workshop, City Council reviewed and affirmed both core and non-core city services and identified goals and objectives. The Fiscal Year 2019 budget is consistent with the approved core and non-core services and the goals and objectives set by the City Council. As part of the budget process, each department formulated performance measurements that support the strategic plan and priority objectives that will be reviewed and evaluated quarterly. The approved Strategic Plan and Priority Objectives for the Fiscal Year 2019 budget are depicted below:

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City of Titusville FY19 Strategic Goals & Objectives

Goal 1: Quality of Life

• Continue initiatives and actions to improve the Indian River Lagoon
• Enhance appearance of city including entryways
• Enhance youth educational, recreational and employment opportunities
• Enhance mergency preparations and management
• Sustain and improve public safety

Goal 2: Efficient and Effective Services

• Commit to funding Capital Improvement Plan
• Explore opportunities for collaboration, partnerships and coordination with public, private, and non-profit entities
• Develop a sustainability plan

Goal 3: Financial Stability

• Develop strategies to address long-term liabilities

Goal 4: Economic Development

• Continue implementation of a comprehensive economic development plan in conjunction with appropriate agencies
• Continue to market trails and amenities
• Continue efforts to eliminate blight and revitalize empty buildings
• Establishment of additional parking capacity downtown to meet current/future needs

Goal 5: Effective Governance

• Expand methods to increase and enhance 2-way communications — use of social media
• Review and increase the effectiveness of current advisory boards Increase capacity for policy advocacy 

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The Fiscal Year 2019 Adopted Budget emphasizes financial stability through addressing long-term liabilities and realigning revenues with expenses; addressing the most critical infrastructure needs including roads, vehicles and public safety equipment; and investment in employees through a cost-of-living pay adjustment and professional development opportunities.

 The Fiscal Year 2019 Adopted Budget supports our priorities of continuing to meet long-term commitments of debt service, while beginning to address other liabilities, such as OPEB and health care.  The City maintains sufficient reserves of 60 days to ensure its ability to operate during times of emergency.  The Fiscal Year 2019 Adopted Budget revenues and expenditures graphs shows where our revenues are generated and expended. 

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All Funds Revenues

• Charges for Services: 55%
• Transfers In: 5%
• Miscellaneous Revenue: 5%
• Property Taxes: 17%
• Utility Taxes: 4%
• Permits and Fees: 5%
• Intergovernment Revenue: 9%

All Funds Expenditures

• Debt Service: 9%
• Capital: 18%
• General Government: 12%
• Public Safety: 24%
• Public Works: 13%
• Community Development: 4%
• Culture and Recreation: 1%
• Water Resources: 19%

Fiscal Year 2019 Budget Highlights 

This budget funds personnel, equipment, and service levels necessary for City operations and addresses the City’s most critical capital and infrastructure needs. During this budget process, we eliminated over $14.5 million of departmental requirements. These requirements all have merit, but with the current liability and cash flow issues facing the City, we could not move forward with them. As a result of this budget shortfall, some departments will experience decreases in personnel, and to levels of service. At the beginning of the budget process, I provided the following guidance to the Executive Leadership Team and Department Managers for the formulation of the Fiscal Year 2019 Proposed Budget submission:
  

• Invest in employees that are committed to excellence through cost-of-living pay adjustments, best practice professional development opportunities, and succession planning;
• Maintain staffing at current levels;
• Prepare operating budgets at current Fiscal Year 2018 levels; 
• Address health care costs and liabilities through an insurance plan redesign;
• Focus operating budgets on providing near and mid-term aging critical capital requirements, quality public safety services, public outreach, and infrastructure including roads, facilities, utilities, technology, equipment;
• Maintain the General Fund emergency and stabilization reserves at current levels;

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• Enhance revenues by maximizing allowable use of miscellaneous reserves, restricted and grant funds to help fund General Fund operations;
• Continue the city-wide culture of continuous process improvement with the use of Lean Six Sigma staff training, process improvement projects, and performance measurements;
• Promote a diverse local and regional economy and invest in workforce development, cultural and recreational opportunities;
• Encourage planned and managed growth as a means of developing an attractive built-environment while protecting and conserving our natural resources. 

The Fiscal Year 2019 Adopted Budget continues to address our shortfalls in our infrastructure, information technology, and computer recapitalization as funding permits. This budget contains funding for the following technological and infrastructure initiatives:
  

• Continue city-wide computer replacement program and replace enterprise-wide software system;
• Replace  public safety, maintenance and utility vehicles on a normalized cycle;
• Continue investments in road resurfacing;
• Continue investments in utility infrastructure;
• Improve mooring and facilities at the marina. 

Conclusion

In summary, I have submitted a balanced budget that builds on last year’s notion of minimizing the reliance on “one time” revenue sources while simultaneously addressing the most critical needs of the City.  The Fiscal Year 2019 Adopted Budget begins to address the City’s strategic objective of reducing long-term liabilities in a sustainable way. Utilizing a blended approach, this budget proposes increased revenue streams along with the necessary cost reductions. These cost reductions will result in personnel reductions and service level changes for some departments.

 Our Executive Leadership Team continues to review all departmental operations to seek continuous process improvements to find efficiencies, improve processes, and reduce costs. Our ending budget balances, steady reserves, and the comprehensive annual final audit report reflects well on our financial management policies and procedures.

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The City, along with our many economic development partners involved in growing the economy, speaks well for the commitment to improve the standard of living of all in our community. These successes, with a deliberate economic diversification strategy, will help to ensure the future financial stability of the City. As the City of Titusville continues successes in economic development, we are seeing several housing starts and other quality of life enhancements.
These efforts continue on a daily basis with the dedication and commitment from those who came before us, our current leadership, and those in the future, ensuring Titusville continues to thrive.

With the continued support and guidance from the Mayor and City Council, I remain confident that our very capable staff will maintain the high level of service needed to further the City’s future efforts for continued successes.

Respectfully submitted,

William S. Larese
 City Manager

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Click to view the Adopted Budget Revenue and Expenditure Summaries (Pg. 8 – 9)

• Citizens

  • City Council

    • City Attorney

      • Assistant City Attorney

    • City Manager

      • Executive Assistant

      • City Clerk

      • City Auditor

      • Law Enforcement

        • Code Enforcement

      • Fire & Emergency Services

      • Assistant City Manager

        • Customer Service

        • Finance

        • Human Resources

        • Information Technology

        • Purchasing & Contracting

        • Community Relations

        • Marina – SG Marina, Inc.

      • Community Development

        • Natural Resources

        • Development Services

        • Neighborhood Services

        • Planning

        • Economic Development

      • Water Resources

        • Utility Engineering

        • Water Production

        • Water & Sewer Field Operations

        • Water Reclamation

        • Laboratory Services

        • Electronic Services

      • Public Works

        • Engineering

        • Facilities Maintenance

        • Fleet Maintenance

        • Streets Maintenance

        • Stormwater Utility Management

        • Solid Waste

        • Recycling

    • Advisory Boards

10

City Council - 0101

• Mayor, Vice Mayor, Council Members (3)

  • City Manager

  • City Attorney

  • Assistant City Attorney

11

City Attorney - 0201

• City Council

  • City Attorney

    • Legal Secretary (Part time)

    • Legal Secretary

  • Assistant City Attorney

Administration – 0301, 0501

• City Manager

  • City Manager’s Office

  • City Clerk

13

City Manager – 0301

• City Council

  • City Manager

    • Executive Assistant

    • Internal Auditor

14

City Clerk – 0501

• City Manager

  • City Clerk

    • Assistant City Clerk

    • Sr. Administrative Assistant

    • Records Manager

    • EDMS Records Manager (Part time)

    • Clerical Assistant (2) (Part time)

    • Clerical Assistant

    • Administrative Assistant (Part time)

15

Law Enforcement – 0801, 0808

• City Manager

  • Law Enforcement

    • Code Enforcement

16

Law Enforcement – 0801

• City Manager

  • Police Chief

    • Sr. Administrative Assistant

    • Operations Bureau Deputy Chief

      • Sr. Administrative Assistant

      • Public Affairs Coordinator

      • North/South Sector Lieutenant (4)

        • Sergeant (5), Corporal (5), Officers (47), K-9 Officers (3)

          • School Resource Officers (7)

            • School Guard Coordinator (1)

              • School Crossing Guards (14)

      • Investigations Lieutenant

        • CIS Sergeant, Corporal, Detectives (7)

          • SI Sergeant, Corporal, Detectives (5)

            • Victim Advocate

      • Crime Scene and Evidence Manager

        • Crime Scene Technicians (2)

      • PSAP Manager, Supervisor (3), Dispatchers (19)

    • Administrative Bureau Commander

      • Records Supervisor, Records Clerk (3), Part-time Records Clerk (1)

      • Fiscal Analyst II

      • Logistics Coordinator

      • Professional Standards, Internal Affairs Lieutenant

        • Accreditation Manager

          • Training Coordinator

            • Police Services Specialist

      • Network Analysts (2)

      • Service Manager

17

Code Enforcement – 0808

• Police Chief

  • Major

    • Code Enforcement Manager

      • Neighborhood Development Coordinator

      • Code Enforcement Officer (3)

      • Development Specialist

18

Fire and Emergency Services – 0901

• City Manager

  • Fire Chief

    • Sr. Administrative Assistant

    • Fiscal Analyst

    • Operations Chief

      • Administrative Assistant

      • Administrative Assistant (Not Funded)

      • Battalion Chief (3)

        • Lieutenants (12)

          • Driver Operator (12)

            • Firefighters (30)

      • Battalion Chief of Training

      • Battalion Chief EMS

      • Logistics Coordinator

      • Life Safety Specialist

    • Fire Marshall

      • Sr. Fire Inspector

      • Fire Inspector

19

Public Works – 1501, 1507, 1508, 1509, 1510, 1512, 1513, & 1614

• City Manager

  • Public Works Director

    • Engineering

    • Facilities Maintenance

    • Fleet Maintenance

    • Streets Maintenance

    • Stormwater Utility Management

    • Solid Waste

    • Recycling

20

Public Works Administration – 1501

• City Manager

  • Public Works Director

    • Sr. Administrative Assistant

21

Public Works Engineering – 1507

• City Manager

  • Public Works Director

    • Deputy Public Works Director

      • City Surveyor

        • Survey Aide II (Not Funded)

      • Project Engineer

22

Public Works Facilities Maintenance – 1508

• City Manager

  • Public Works Director

    • Facilities Supervisor

      • Traffic Signal Electrician (2)

        • Maintenance Mechanic II

        • Maintenance Mechanic I

      • Facilities Maintenance Mechanic (2)

23

Fleet Management – 1509

• City Manager

  • Public Works Director

    • Public Works Deputy Director

      • Operations Superintendent

        • Fleet Manager

          • Chief Mechanic (Not Funded)

            • Equipment Mechanic (5)

          • Inventory Control Clerk

          • Clerical Assistance (12)

24

Public Works Street Maintenance – 1510

• City Manager

  • Public Works Director

    • Public Works Deputy Director

      • Operations Superintendent

        • Streets Maintenance Manager

          • Foreman I (2)

            • Crew Leader II

              • Equipment Operator III (2)

                • Equipment Operator II (3)

                • Equipment Operator I

            • Crew Leader I

              • Equipment Operator II (2)

                • Traffic Service Worker (2)

                • Service Worker I (4) (1 Not Funded)

25

Solid Waste Refuse / Recycling Division – 1512, 1513

• City Manager

  • Public Works Director

    • Public Works Deputy Director

      • Operations Superintendent

        • Refuse

        • Recycling

26

Solid Waste Refuse – 1512

• City Manager

  • Public Works Director

    • Public Works Deputy Director

      • Operations Superintendent

        • Solid Waste Manager

          • Office Manager

            • Administrative Assistant (2)

            • Inventory Control Clerk

          • Foreman I (2)

            • Equipment Operator III (13)

              • Equipment Operator II (7)

                • Container Mechanic

                • Cart Maintenance Worker

          • Solid Waste Public Education & Compliance Specialist

27

Solid Waste Recycling – 1513

• City Manager

  • Public Works Director

    • Public Works Deputy Director

      • Operations Superintendent

        • Equipment Operator III (3)

28

Storm Water Utility Management – 1614

• City Manager

  • Public Works Director

    • Public Works Deputy Director

      • Deputy Director

        • Stormwater Management Supervisor

          • Foreman

            • Equipment Operator III (2)

              • Equipment Operator II (2)

                • Service Worker I (3)

            • Crew Leader II

              • Equipment Operator III (2)

                • Equipment Operator I

                • Service Worker II (2)

29

Community Development – 1902, 1903, 1904, & 1905

• City Manager

  • Community Development Director

    • Community Development Engineer

    • Natural Resources Planner

    • Development Services

    • Neighborhood Services

    • Planning

    • Economic Development

30

Development Services – 1902

• City Manager

  • Community Development Director

    • Community Development Engineer

    • Building Official

      • Administrative Assistant

      • Development Services Inspector (Not Funded)

      • Building Inspector (2)

      • Sr. Building Inspector

      • Deputy Building Official

        • Sr. Development Specialist

        • Development Specialist (2)

        • Building Plans Manager

    • Development Services Manager

      • Development Specialist (2)

      • Development Site Inspector (Not Funded)

      • Development Services Inspector

      • Sr. Engineering Site Inspector

31

Economic Development– 1903

• City Manager

  • Community Development Director

    • Economic Development Director

32

Neighborhood Services – 1904

• City Manager

  • Community Development Director

    • Neighborhood Services Director

      • Special Grants Manager

      • Clerical Assistant

      • Program Specialist

33

Planning – 1905

• City Manager

  • Community Development Director

    • Sr. Administrative Assistant

    • Planning Manager

      • Planner

      • Senior Planner

      • Redevelopment Planner

        • Service Worker I (Part Time) CRA

      • GIS Analyst Lead

        • GIS Planning

      • Natural Resources Planner

34

Support Services Department – 1701, 1702, 1703, 1704, 1705, 1706, & 1707

• City Manager

  • Assistant City Manager

    • Municipal Marina (SG Marina, Inc.)

    • Customer Service

    • Finance

    • Human Resources

    • Information Technology

    • Purchasing & Contracting

    • Community Relations

35

Support Services – 1701

• City Manager

  • Assistant City Manager

    • Special Projects Coordinator

36

Customer Service – 1702

• City Manager

  • Assistant City Manager

    • Customer Service Manager

      • Customer Service Coordinator

        • Customer Service Specialist (3)

      • Customer Service Cashier (Part Time) (2)

      • Customer Service Cashier

      • Utility Billing Coordinator

        • Utility Billing Specialist

        • Collection Specialist

        • Utility Billing Assistant

      • Field Services Lead

        • Field Services Rep

37

Finance – 1703

• City Manager

  • Assistant City Manager

    • Finance Director

      • Finance Accounting Manager

        • Sr. Accountant (2)

        • Accountant

        • Fiscal Analyst I (2)

      • Finance Budget Manager

        • Fiscal Analyst II (2)

        • Fiscal Analyst II (Part Time)

        • Fiscal Analyst I

38

Human Resources – 1704

• City Manager

  • Assistant City Manager

    • Human Resources Director

      • Risk Manager

      • Human Resources Coordinator

      • Human Resources Analyst II

      • Human Resources Assistant

      • Administrative Assistant

39

Information Technology – 1705

• City Manager

  • Assistant City Manager

    • Director of Information Technology

      • Helpdesk Coordinator

      • Network Analyst (2)

        • Network Technician PC Support

      • Systems Analyst III

        • Systems Analyst II

      • GIS Coordinator

40

Purchasing and Contracting – 1706

• City Manager

  • Assistant City Manager

    • Purchasing & Contracting Administrator

      • Procurement Contracts Coordinator

      • Sr. Procurement Analyst II

      • Procurement Analyst I

41

Community Relations – 1707

• City Manager

  • Assistant City Manager

    • Community Advocate

      • Sr. Media Specialist

        • Media Specialist

42

Water Resources – 1601, 1607, 1615, 1616, 1618, 1619, & 1629

• City Manager

  • Water Resources Director

    • Utility Engineering

    • Water Production

    • Water & Sewer Field Operations

    • Water Reclamation

    • Laboratory Services

    • Electronic Services

43

Water Resources Administration – 1601

• City Manager

  • Water Resources Director

    • Water Resources Deputy Director

      • Administrative Assistant

      • Water Conservation and Public Outreach Manager

44

Water Resources Utility Engineering – 1607

• City Manager

  • Water Resources Director

    • Water Resources Deputy Director

      • Engineering Manager

        • Sr. Administrative Assistant

        • Project Engineer

        • Utility Engineering Technician (2)

        • Project Manager

        • Senior Utility Engineer

        • GIS Analyst

45

Water Resources Water Production – 1615

• City Manager

  • Water Resources Director

    • Water Production Superintendent

      • Chief Maintenance Mechanic

        • Senior Maintenance Mechanic (2)

        • Industrial Electrician

        • Maintenance Mechanic I (3)

        • Maintenance II (4)

      • Chief Treatment Plant Operator

        • Treatment Plant Operator (A, B, C) (7)

46

Water Resources Water & Sewer Field Operations – 1616

• City Manager

  • Water Resources Director

    • Field Operations Superintendent

      • Administrative Assistant

      • Field Operations  Assistant Superintendent

        • Meter Technology Coordinator

          • Meter Technician (2)

          • Sr. Meter Reader

            • Meter Reader (2)

        • Logistics Coordinator

          • Crew Leader II

            • Service Worker II

      • Water Distribution Supervisor

        • Foreman

          • Crew Leader II (2)

            • Equipment Operator II (2)

              • Service Worker II

        • Technical Services Foreman

          • Utility Field Tech (2)

      • Wastewater Collection Supervisor

        • Foreman

          • Electrician

            • Sr. Maintenance (2)

              • Maintenance Mechanic (2)

        • Wastewater Collections Foreman

          • Crew Leader II

            • Equipment Operator II

              • Equipment Operator I

47

Water Resources Water Reclamation – 1618

• City Manager

  • Water Resources Director

    • Water Reclamation Superintendent

      • Administrative Assistant

      • Chief Treatment Plant Operator

        • Assistant Chief Operator (2)

        • Treatment Plant Operator (9)

        • Equipment Operator III

      • Chief Maintenance Mechanic

        • Senior Maintenance  Mechanic (2)

        • Maintenance Mechanic II

        • Maintenance Mechanic I

        • Electrician

        • Service Worker I

48

Water Resources Laboratory Services – 1619

• City Manager

  • Water Resources Director

    • Laboratory Supervisor

      • Environmental Chemist (3)

      • Pretreatment Coordinator

49

Water Resources Electronic Services – 1629

• City Manager

  • Water Resources Director

    • Electronic Supervisor

      • Electronic Analyst II

      • Electronic Analyst I

      • Electronic Technician II (2)

50

GLOSSARY

This is a glossary of terms commonly used at public meetings at which financial matters are discussed:

Ad Valorem Taxes - Property taxes. Your tax is computed by applying the millage rate to the
assessed value of your property after you have subtracted all exemptions to which you are
entitled. Property taxes are paid to a variety of governments through a single payment to the
county tax collector.

Anticipated (revenue, deficit, expenses, etc.) – Estimates used in analyzing and preparing
budgets. Anticipated figures are the equivalent of educated guesses. They are based on
experience and information from a variety of sources that help government officials determine
what they think income or expenses will be.

Appropriation from Prior Year Surplus – Money not spent in one fiscal year but carried
forward to the next budget year. Cash carried forward is used to supplement revenues required to
pay for budgeted expenses.

Available Funds – Cash and equivalent units not needed for the support of day-to-day activities
or the capital requirements of the City in the immediate future.

Budget – A financial statement listing a governmental agency’s expected income and expenses
for a 12-month period. Florida law requires that governments have a balanced budget, with
expenses not exceeding revenues. City employees prepare an adopted budget; it becomes formal
when adopted by elected officials. If changes occur during the year, local governments can
transfer funds within a budget or raise fees, etc., to keep the budget in balance.

Capital Improvement Program – Governmental agencies set up five-year programs for major
costs such as the construction of buildings, land acquisition, road improvements and heavy
equipment. Capital expenses are listed separately from operating expenses within the budget
document.

Contingency Account – Money set aside for emergencies or unexpected expenses. Each city
fund usually has such an account to cover higher than expected costs or purchases that were not
anticipated when the budget was being prepared.

Custodial Agreement – An agreement with a bank or financial institution for the storage of a
customer’s investments for safekeeping.

Debt Service – The amount of money dedicated annually to repay the interest, principal and other
related expenditures due on bonds, leases, and other forms of long-term debt.

Deficit – A term generally applied to the budget as a whole, reflecting real or projected shortages
in revenue. It means there is not enough revenue to cover expenses.

Expenses – The costs of goods or services used.
Fiscal Year – The budget year. For municipal governments, the fiscal year runs from October
1st to September 30th.

Franchise Fees – Money collected, usually from a private utility such as electric, telephone, or
cable TV in exchange for use of a governmental agency’s easements and rights-of way. Cities
authorize the use and collect a fee in return. Franchise fees also are collected from garbage and
 trash services allowed to operate within a government’s boundaries.

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Fund – A fiscal and accounting entity with a self balancing set of accounts to carry on specific
activities or attain certain objectives in accordance with special regulations, restrictions, or
limitations. For budget purposes the fund lists the revenues and expenses for a specific category
of operation. The largest fund is the General fund, which includes subcategories covering about
50% of the City’s operation. Other funds include those for capital outlays, enterprise activities
and State and Federal grants.

Intrafund Transfer – A transfer of financial resources between funds or subfunds, which are
aggregated, into a single reporting unit in the Comprehensive Annual Financial Report. In other
words, a transfer between two funds of a similar type that is both part of a department or program
that is reported as a discrete financial component of the City’s annual financial report.

Interfund Transfer – A transfer of financial resources from one fund to another where the funds
are presented as parts of separate reporting units in the Comprehensive Annual Financial Report.
In other words, a transfer between two funds that are of different types or that are not part of the
same department or program as reported in the City’s annual financial report.

Mill - $1 per $1,000 of taxable property value.

Millage – A rate assigned by each governmental unit with taxing authority for use in determining
taxes. It determines how much revenue the government will bill and also how much an
individual property owner pays in taxes.

Over Budget – Over budget in revenue means there is more income than expected. Over budget
in expenses means actual costs exceed the budget and funds must be transferred by a budget
adjustment to provide the additional expenses.

Projected Deficit – A projection that, based on the current rate of spending, expenses will be
greater than anticipated revenue or greater than budgeted expenses. A projected deficit during a
budget year usually necessitates an adjustment in the spending pattern—delaying purchases or
eliminating planned expenses—to stay within the budgeted figures.

Revenue – Income from a variety of sources.

Rolled Back Millage Rate – The tax rate necessary to give a governmental agency the same
amount of property tax dollars it received during the previous budget year. A special act of the
Legislature stipulates that in Brevard County a governmental agency can increase property taxes
only ten percent above the rolled back millage rate without voter approval.
Shortfall – A term generally synonymous with deficit but applied to individual revenue accounts
instead of to the budget of a fund or the whole city. A city might have a shortfall in a particular
account, but a shortfall in the total budget is called a deficit.

State-Shared Revenue – Money that cities receive from the State. It includes the local share of
cigarette taxes, fuel taxes, mobile home license taxes, liquor license taxes, and sales taxes.

Taxable Valuation – The value of property after all allowable exemptions have been subtracted;
the value on which the millage rate is applied and taxes are computed.

Telecommunications Services Tax – Tax paid to municipalities by users of telephone, cellular
 phones, and beepers.

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TRIM – Florida’s Truth in Millage Law that requires cities to calculate next year’s property taxes
based on the same tax dollars they received during the current fiscal year.

Under Budget – Under budget in revenue means that money being collected from taxes and
other sources is not as much as was anticipated. It might necessitate spending adjustments to
prevent a deficit. Under budget in expenses means that actual expenses are less than the budget.

User Fee – In a move toward a more businesslike approach, cities and counties are charging fees
for use of water, sewer and recreation services. Only the person using the service pays for it as
opposed to all citizens supporting the cost of those activities.

Utility Taxes – Taxes paid to municipalities by users of electricity, natural gas, water and bottled
gas.

Valuation – The dollar value of property assigned by the county property appraiser.

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