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Home My WebLink Aboutcocc_council_budget_wkshp_packet_20200721CITY OF CAPE CANAVERAL CITY COUNCIL BUDGET WORKSHOP For viewing/participating in the Meeting remotely via GoToWebinar: Register at: https://attendee.gotowebinar.com/register/1311869512794831119 1 (415) 655-0052; Attendee Access Code: 246-783-982 REVISED AGENDA July 21, 2020 5:00 P.M. COVID-19 PANDEMIC ADVISORY: Due to the COVID-19 Pandemic Emergency, this budget workshop will be held virtually by communications media technology (CMT). Pursuant to Executive Order No. 20-69, issued by the Office of Governor Ron DeSantis on March 20, 2020, municipalities may conduct meetings of their governing boards without having a quorum of its members present physically or at any specific location, and utilizing communications media technology such as telephonic or video conferencing, as provided by Section 120.54(5)(b)2, Florida Statutes. Special instructions for the public to attend and provide public comments during this budget workshop are attached to this agenda. Please read and follow the instructions carefully if you want to attend or provide public comments on specific agenda items. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL PUBLIC PARTICIPATION: Any member of the public may address any items that do not appear on the agenda and any agenda item that is listed on the agenda for final official action by the City Council excluding public hearing items which are heard at the public hearing portion of the meeting, ministerial items (e.g. approval of agenda, minutes, informational items), and quasi-judicial or emergency items. Citizens will limit their comments to three (3) minutes. The City Council will not take any action under the "Public Participation" section of the agenda. The Council may schedule items not on the agenda as regular items and act upon them in the future. DISCUSSION 5:15 p.m. - 5:45 p.m. 1. Proposed Fiscal Year 2020/2021 Budget and Five (5) Year Capital Improvement Plan. 2. Current Monthly Financials. ADJOURNMENT: Pursuant to Section 286.0105, Florida Statutes, the City hereby advises the public that: If a person decides to appeal any decision made by the City Council with respect to any matter considered at this meeting, that person will need a record of the proceedings, and for such purpose that person may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. This notice does not constitute consent by the City for the introduction or admission into evidence of otherwise inadmissible or irrelevant evidence, nor does it authorize challenges or appeals not otherwise allowed by law. In accordance with the Americans with Disabilities Act: all interested parties may attend this Public Meeting. Persons with disabilities needing assistance to participate in the proceedings should contact the City Clerk's office [(321) 868-1220 x207 or x206] 48 hours in advance of the meeting. CITY OF CAPE CANAVERAL ATTENTION: TEMPORARY VIRTUAL PUBLIC MEETING AND COMMENT INSTRUCTIONS IN LIGHT OF COVID-19 EMERGENCY Due to the COVID-19 Pandemic Emergency, public access to City Hall is limited in an effort to comply with Federal and State public health and safety directives to keep our citizens and City officials and employees safe. As a result, the City of Cape Canaveral will be temporarily utilizing virtual Communications Media Technology (CMT) for City Council and other board meetings pursuant to the Governor's Executive Order Number 20-69 and Florida Statutes, Section 120.54(5)(b)(2) until further notice. Governor DeSantis' Executive Order suspended the requirement of a quorum to be present in person or having a local government body meet at a specific public place. Therefore, the City Council and Advisory Board Members may attend public meetings and participate by telephonic and video conferencing. However, the City of Cape Canaveral remains committed to providing alternative platforms for citizens to virtually attend scheduled public meetings and have an opportunity to submit their public comments in an efficient, orderly and safe manner. INSTRUCTIONS FOR VIRTUAL MEETING ATTENDENCE AND AGENDA ACCESS The City of Cape Canaveral temporary CMT meeting platform is GoToWebinar. Videoconferencing and teleconferencing will be used to virtually connect the following meeting participants: City Council, Board Members, City Staff, City Attorney, City consultants and Applicant(s), if any, for purposes of conducting public meetings. However, the public may virtually attend the meeting live by viewing and listening to the meeting by accessing the meeting at an Internet address and/or phone number/access code listed at the top of each respective meeting agenda and on the City website's Events Calendar available at: www.cityofcapecanaveral.org/calendar.php. To obtain a copy of the board meeting agenda, interested persons should go to the City's online Public Records/Laserfiche WebLink and search for the specific board and agenda package at: cityofcapecanaveral.org/government/city_departments/city_clerk_s_office/public_records_laserfiche_weblink.php PARTICIPATION OPPORTUNITIES DURING MEETINGS VIA GOTOWEBINAR PLATFORM There will be appropriate times during GoToWebinar hosted meetings when the chairperson or designee of the meeting will invite live public comment during the public participation portion of the meeting and for specific agenda items. You must be properly logged into the live GoToWebinar meeting on your computer or electronic device and have a functioning microphone to participate live. When these invitations are announced by the chairperson or designee at the meeting, citizens may virtually raise MUTED their hand to speak by pressing the hand feature on the 14 ell Microphone (HDWebcamC510) GoToWebinar screen in timely manner so as to be recognized as a speaker by the City Staff person monitoring the meeting. The hand Speakers (FEigh Definition Aud... feature is illustrated in the accompanying screenshot to the right. File View . Help G. _ ❑ U X Audio Sound Check Computer audio Phone call MUTED Microphone (HD Webcam (510) Speakers (High Definition Aud... When the speaker is recognized by the Meeting Organizer, their audio microphone will be unmuted to address the Council or Board Members. Speakers must clearly state their names and address for the record and then provide comments within three (3) minutes. Public comments must be relevant to the agenda item being considered at that time. Irrelevant and repetitive comments will be deemed out -of - order and will not be heard. At the conclusion of a citizen's public comment opportunity, the audio will be muted so the Council or Board may continue conducting the meeting. City of Cape Canaveral - Virtual Meeting Instructions — Updated 07/14/2020 Page 1 of 2 Public comments are limited to three (3) minutes. The comments will be heard at the meeting and summarized into the record. Public comments are subject to City meeting rules of decorum. The speaker's activated audio may be muted by the City for violating the time limit or rules of decorum. Please also note that the time allocated to each person for public comment is subject to the discretion of the Council or Board and may be reduced from three (3) minutes based on the number of speakers or comments received or previous comments made by the speaker. PUBLIC COMMENT AND PUBLIC PARTICIPATION INSTRUCTIONS Public comments in the form of email or written correspondence (either mailed or hand- delivered) will be accepted no later than 24 hours ahead of a scheduled Workshop or Regular Meeting. Public comments in the form of email or written correspondence will be accepted within a reasonable amount of time prior to Special City Council Meetings. Emails and correspondence will be read into the record. However, Staff reserves the right to aggregate and summarize comments substantially similar (generally 5 public comment emails or more). Additionally, each public comment must address one subject at a time at virtual and hybrid public meetings. Emails and correspondence will be forwarded to the City Council and/or Advisory Board Members prior to the scheduled meeting for their review. Section 286.0114, Florida Statutes, affords the public a reasonable opportunity to be heard during public City Council and Advisory Board Meetings. In light of challenges posed to hosting traditional public gatherings due to the COVID-19 Pandemic Emergency, Staff is continually working to develop efficient methods to ensure an accessible range of opportunities for public participation. We appreciate your patience as we work to implement these improvements, and ask that any questions or concerns regarding Public Participation and Public Comments be directed to the City Clerk's Office at cityclerk@cityofcapecanaveral.org or by phone at (321) 868-1220. ACCESSIBILITY STATEMENT The City broadcasts all City Meetings via it's website through a third -party provider that enables live captioning. However, in accordance with the Americans with Disabilities Act of 1990, persons needing additional special accommodation to participate in this meeting may contact the City Clerk's Office at 321-868-1220 no later than one (1) business day prior to the meeting. MISCELLANEOUS The rules established herein are intended to provide a general framework for the conduct of public CMT meetings as authorized pursuant to the Governor's Executive Orders Nos. 20-52 and 20-69. The City of Cape Canaveral reserves the right to modify, amend, or discontinue these temporary procedures for public comments, with or without notice, in order to ensure compliance with applicable laws, rules and regulations; to overcome technical or logistical difficulties or practical challenges in implementing public meetings via CMT; or to ensure the public health, safety and welfare of the public. Thank you for your patience and understanding during this very challenging time. For more information about these temporary procedures or public meetings, please contact the City Clerk. Rev. 07/14/2020 City of Cape Canaveral - Virtual Meeting Instructions — Updated 07/14/2020 Page 2 of 2 City of Cape Canaveral City Council Budget Workshop - July 21, 2020 Agenda Item Summary Item No. 2 Subject: Discussion: Current Monthly Financials. Department: Administrative/Financial Services Summary: At its June 16, 2020 Regular Meeting, City Council voted to have a fifteen -minute workshop/discussion on current monthly financials prior to the July 21, 2020 Regular Meeting, presented by Administrative/Financial Services Director John DeLeo. At the time this decision was made, a July 21, 2020 Budget Workshop had previously been scheduled for 5:00 P.M., preceding the 6:00 P.M. Regular City Council meeting. In order to meet both Council directives, Staff has included this financial discussion within this City Council Budget Workshop. Submitting Department Director: John DeLeo Date: 07/13/2020 Attachments: May Monthly Financials Financial Impact: Staff time and effort to prepare this agenda item. Reviewed by Administrative/Financial Services Director: John DeLeo Date: 07/13/2020 The City Manager recommends the City Council take the following action: Discuss current monthly financials as presented by Administrative/Financial Services Director DeLeo. Approved by City Manager: Todd Morley Date: 07/13/2020 City of Cape Canaveral John DeLeo, Administrative/Financial Director P.O. Box 326 Cape Canaveral, FL 32920 (321) 868-1230 (321) 868-1248 fax j.deleo@cityofcapecanaveral.org Memo TO: The Honorable Mayor and Members of the City Council VIA: Todd Morley, Interim City Manager FROM: John DeLeo, Administrative/Financial Services Director DATE: June 24, 2020 RE: Monthly Financial Report — May 2020 Staff is pleased to present the Monthly Financial Report for the period ending May 31, 2020. At this point in the Fiscal Year, the Year to Date Actuals should be 66.7% of the total annual budget. Total General Fund Departmental costs are under target at 46.6%. Administrative Services is running under target at 35.2%. Fire Rescue and Protective Services combined costs are above cost by 7.6%. Community/Economic Development and Building/Code Enforcement are under cost by 14.9%. Leisure Services is 8.7% below target. Non -Departmental expenditures are under budgetary projections by 17.5%. The Community Redevelopment Agency (CRA) has incurred $351,916 of expenses for the current Fiscal Year. Wastewater Fund overall costs are under target by 27%. The Stormwater Fund is under target at 33.5%. The City's General Fund investments total $10,195,115.00; Special Revenue investments total $338,325.08; and Enterprise Fund investments total $506,977.88. The Grand total of all investments is $11,040,417.96. The Annual Rate of Return for each Investment is attached. If you have questions or wish anything additional, please contact me. City of Cape Canaveral Fund Narrative Period Ended May 31, 2020 Revenue Ad Valorem Tax To date, the City has received 98.1% of ad valorem revenue. The City saw a spike in this revenue source during the month of December and will continue in June and July as escrowed taxes are remitted to the County. Local Option Gas Tax This amount represents an accrual for April and May based on actual collections for February and March. The April and May accrual estimates have been lowered by 50% based on the anticipated impact of COVID-19. This revenue isjust below target at 66.1%. Franchise Fees, Utility Service Taxes and Communications Service Tax This amount includes an accrual for April and May based on actual collections for February and March. The April and May accrual estimates have been lowered by 50% based on the anticipated impact of COVID-19. These revenues average 52.8%, which are below target. Permits and Licenses Permits and Licenses are below target at 55.2%. State Shared Revenues This amount includes an accrual for April and May based on actual collections for February and March. The April and May accrual estimates have been lowered by 50% based on the anticipated impact of COVID-19. This revenue source includes State Sales Tax, Municipal Gas Tax, Mobile Home Licenses, Alcoholic Beverage Licenses, and Local 1/2 Cent Sales Tax. These are below target at 58.0%. Garbage and Recycling Revenues This amount represents collections for the months of October through May. This revenue line is almost on target at 65.4%. This revenue source tends to fluctuate from month to month. Recreation Fees (Leisure Services) Recreation Fees are below target at 35.4%. This revenue source may not reach the budget target due to the unknown ramifications of COVID-19. Investment Income Investment Income is above target at 202.6%. This is a direct result of a continuous increase in the rate of return. Future events may affect current rate of return. Utility Operating Income (Wastewater Fund) Utility Operating Income isjust below target at 65.1% Stormwater Utility Fees (Stormwater Fund) Stormwater Utility Fees are below target at 60.0%. City of Cape Canaveral Statement of Revenues & Expenditures Period Ended May 31, 2020 GENERAL FUND FY 2019-2020 YTD % OF TARGET BUDGET ACTUAL BUDGET ACTUAL REVENUE Cash Forward $ 1,007,200 $ 674,824 67.0% N/A Cash Forward - R&R 199,200 - 0.0% N/A Ad Valorem Taxes 4,561,588 4,473,098 98.1% 2,280,794 Local Option Gas Tax 340,810 225,433 66.1% 170,405 Franchise Fees 793,548 400,975 50.5% 396,774 Utility Taxes 1,199,478 691,392 57.6% 599,739 Communications Service Tax 464,106 233,149 50.2% 232,053 Permits & Licenses 543,708 300,350 55.2% 271,854 Impact Fees 998,500 719,183 72.0% 499,250 Federal Grants - - 0.0% - State Grants 50,000 3,578 7.2% 25,000 State Shared Revenue 957,054 554,997 58.0% 478,527 Local Shared Revenue 131,840 0.0% 65,920 Charges for Services 31,010 16,034 51.7% 15,505 Garbage & Recycling Revenue 1,182,455 773,575 65.4% 591,228 Recreation Fees 103,720 36,732 35.4% 51,860 Fines & Forfeitures 19,900 10,453 52.5% 9,950 Interest Income 63,960 129,559 202.6% 31,980 Fire Hydrant Rental Fee 75,780 45,375 59.9% 37,890 Miscellaneous Revenue 122,800 99,966 81.4% 61,400 Transfer from School Guard Crossing Fund 2,385 0.0% 1,193 Transfer from CC Redevelopment Fund 685,703 182,496 26.6% 342,852 Contribution from Wastewater Fund 691,442 460,961 66.7% 345,721 Contribution from Stormwater Fund 19,566 13,044 66.7% 9,783 Loan Proceeds 4,409,000 - 0.0% 2,204,500 TOTAL REVENUES $ 18,654,753 $ 10,045,174 53.8% $ 6,519,677 EXPENDITURE Legislative $ 47,489 $ 31,607 66.6% $ 23,745 Administrative Services 554,400 195,146 35.2% 277,200 Community Development 488,713 179,702 36.8% 244,357 Protective Services 3,057,301 2,187,668 71.6% 1,528,651 Fire / Rescue Services 2,263,325 1,569,693 69.4% 1,131,663 Building & Code Enforcement 323,666 263,320 81.4% 161,833 Infrastructure Maintenance 1,303,154 525,594 40.3% 651,577 Economic Development 150,244 100,654 67.0% 75,122 Cultural Programs 89,564 54,551 60.9% 44,782 Leisure Services 565,595 328,047 58.0% 282,798 Community Engagement 129,522 62,173 48.0% 64,761 Legal Services 285,912 120,351 42.1% 142,956 Solid Waste 1,181,465 844,067 71.4% 590,733 Debt Service 1,291,582 1,222,561 94.7% 645,791 Non -Departmental 2,052,757 1,009,639 49.2% 1,026,379 Transfer to Community Redevelopment Agency 4,409,000 - 0.0% 2,204,500 Transfer to Capital Construction Fund - - 0.0% - Contingency* 461,064 5,000 1.1% N/A TOTAL EXPENDITURES $ 18,654,753 $ 8,699,774 46.6% $ 9,096,845 Excess of Revenues Over / (Under) Expenditures $ 1,345,400 Page 1 of 6 City of Cape Canaveral Statement of Revenues & Expenditures Period Ended May 31, 2020 POLICE EDUCATION FUND FY 2019-2020 YTD % OF TARGET BUDGET ACTUAL BUDGET ACTUAL REVENUE Police Education Income $ 999 $ 890 89.1% $ 500 Interest Income 196 264 134.5% 98 TOTAL REVENUES $ 1,195 $ 1,153 96.5% $ 598 EXPENDITURE Education & Training $ - $ 0.0% $ Contingency 1,195 0.0% N/A TOTAL EXPENDITURES $ 1,195 $ 0.0% $ Excess of Revenues Over / (Under) Expenditures $ 1,153 FIRE PROTECTION FUND FY 2019-2020 YTD % OF TARGET BUDGET ACTUAL BUDGET ACTUAL REVENUE Cash Forward R&R $ - $ - 0.0% $ - Interest Income 168 165 97.9% 84 Impact Fees 24,372 0.0% 12,186 Net Increase (decrease) in FMV 0.0% TOTAL REVENUES $ 24,540 $ 165 97.9% $ 12,270 EXPENDITURE Transfer to General Fund $ - $ 0.0% N/A Contingency 24,540 0.0% N/A TOTAL EXPENDITURES $ 24,540 $ 0.0% $ Excess of Revenues Over / (Under) Expenditures $ 165 Page 2 of 6 City of Cape Canaveral Statement of Revenues & Expenditures Period Ended May 31, 2020 SCHOOL CROSSING GUARD FUND REVENUE Cash Forward Parking Fine Surcharge Interest Income FY 2019-2020 BUDGET YTD ACTUAL % BUDGET TARGET ACTUAL $ 1,560 $ - 0.0% N/A 825 769 93.2% 413 0.0% TOTAL REVENUES $ 2,385 $ 769 32.2% $ 413 EXPENDITURE Transfer to General Fund Contingency TOTAL EXPENDITURES Excess of Revenues Over / (Under) Expenditures $ 2,385 $ 0.0% $ 1,193 0.0% N/A $ 2,385 $ 0.0% $ 1,193 $ 769 LIBRARY FUND REVENUE Cash Forward Ad Valorem Taxes Ad Valorem Tax Delinquent Tax Penalty Income Interest Income Interest - Library Impact Fees Interest - Tax Collections Net Increase (decrease) in FMV Impact Fees - Library Miscellaneous Revenue Transfer from Capital Construction Fund FY 2019-2020 BUDGET $ 69,039 50 60 6,180 42 YTD ACTUAL % BUDGET TARGET ACTUAL $ 67,676 115 6,738 118 18,087 0.0% $ 98.0% 0.0% 192.1% 109.0% 0.0% 282.1% 0.0% 0.0% 0.0% 0.0% 34,520 25 30 3,090 21 TOTAL REVENUES $ 75,371 $ 92,735 123.0% $ 37,686 EXPENDITURE Operating Expenses $ 34,850 $ 22,061 63.3% $ 17,425 Capital Purchases 30,000 20,811 69.4% 15,000 Contingency 10,521 - 0.0% N/A TOTAL EXPENDITURES $ 75,371 $ 42,872 56.9% $ 32,425 Excess of Revenues Over / (Under) Expenditures $ 49,863 Page 3 of 6 City of Cape Canaveral Statement of Revenues & Expenditures Period Ended May 31, 2020 CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY FY 2019-2020 BUDGET YTD ACTUAL % OF BUDGET TARGET ACTUAL REVENUE Cash Forward $ 135,569 $ 90,831 67.0% N/A Shared Revenue from Cape Canaveral 574,578 574,578 100.0% 287,289 Shared Revenue from Brevard County 574,578 574,578 100.0% 287,289 Interest Income 257 0.0% Net Increase (decrease) in FMV - 0.0% - Transfer from General Fund 4,409,000 0.0% 2,204,500 TOTAL REVENUES $ 5,693,725 $ 1,240,244 21.8% $ 2,779,078 EXPENDITURE Operating Expenses $ 11,559 $ 1,382 12.0% $ 5,780 Capital Purchases $ 4,778,500 350,534 7.3% 2,389,250 Debt Service $ 738,027 - 0.0% 369,014 Transfer to N. Atlantic Ave.Imp.Fund - 0.0% - Contingency 165,639 0.0% N/A TOTAL EXPENDITURES $ 5,693,725 $ 351,916 6.2% $ 2,764,043 Excess of Revenues Over / (Under) Expenditures $ 888,328 LAW ENFORCEMENT TRUST FUND FY 2019-2020 YTD % OF TARGET BUDGET ACTUAL BUDGET ACTUAL REVENUE Cash Forward $ 7,526 5,042 67.0% N/A Contraband Income 1,000 - 0.0% 500 Interest - State 72 38 52.4% 36 Net Increase (decrease) in FMV 0.0% TOTAL REVENUES $ 8,598 $ 5,080 59.1% $ 536 EXPENDITURE School Resource Officer $ 8,598 $ 4,299 50.0% $ 4,299 Contingency 0.0% N/A TOTAL EXPENDITURES $ 8,598 $ 4,299 50.0% $ 4,299 Excess of Revenues Over / (Under) Expenditures $ 781 Page 4 of 6 City of Cape Canaveral Statement of Revenues & Expenditures Period Ended May 31, 2020 WASTEWATER ENTERPRISE FUND FY 2019-2020 BUDGET YTD ACTUAL % BUDGET TARGET ACTUAL REVENUE Cash Forward $ 1,237,066 $ 0.0% N/A St.John's River Water Mgmt Dist. Grant - - 0.0% - Utility Operating Income 3,957,858 2,577,428 65.1% 1,978,929 Utility Penalty Income 60,500 33,792 55.9% 30,250 Sewer Assessment Fees 150,000 127,237 84.8% 75,000 Reuse Hook -Up Fees 3,900 1,765 45.3% 1,950 Reclaimed Water Revenue 87,233 56,562 64.8% 43,617 Investment Income 9,780 8,989 91.9% 4,890 Sale of Fixed Assets 5,000 - 0.0% 2,500 Transfer from CC CRA Fund 52,324 - 0.0% 26,162 SRF Loan Proceeds 1,635,250 170,280 10.4% 817,625 Net Increase (decrease) in FMV 0.0% TOTAL REVENUES $ 7,198,911 $ 2,976,052 41.3% $ 2,980,923 EXPENDITURE Personal Services $ 1,447,786 $ 982,521 67.9% $ 723,893 Operating Expenses 1,195,791 579,055 48.4% 597,896 Debt Service 498,308 268,450 53.9% 249,154 Capital Purchases 3,342,250 568,974 17.0% 1,671,125 Contribution to General Fund 691,442 460,961 66.7% 345,721 Transfer to Enterprise Capital Fund - 0.0% - Contingency 23,334 0.0% N/A TOTAL EXPENSES $ 7,198,911 $ 2,859,961 39.7% $ 3,587,789 Excess of Revenues Over / (Under) Expenses $ 116,091 Page 5 of 6 City of Cape Canaveral Statement of Revenues & Expenditures Period Ended May 31, 2020 STORMWATER ENTERPRISE FUND REVENUE Cash Forward IRL Grant Dep Grant Stormwater Utility Fees Investment Income SRF Loan Proceeds Net Increase (decrease) in FMV FY 2019-2020 BUDGET $ 11,000 1,014,324 4,200 YTD ACTUAL % BUDGET TARGET ACTUAL $ 0.0% N/A 0.0% - 0.0% - 609,003 60.0% 507,162 2,168 51.6% 2,100 0.0% 0.0% TOTAL REVENUES $ 1,029,524 $ 611,171 59.4% $ 509,262 EXPENDITURE Personal Services $ 220,729 $ 172,012 77.9% $ 110,365 Operating Expenses 295,129 125,747 42.6% 147,565 Capital Purchases 344,100 30,851 Contribution to General Fund 19,566 13,044 66.7% 9,783 Transfer to Enterprise Capital Fund - 0.0% - Contingency 150,000 0.0% N/A TOTAL EXPENSES $ 1,029,524 $ 341,655 33.2% $ 267,712 Excess of Revenues Over / (Under) Expenses $ 269,517 Page 6 of 6 Florida State Treasury - Special Purpose Investment Account (SPIA) & FL SAFE As of May, 2020 the following funds were invested with the State of Florida Division of Treasury, 1.36% Interest earned for the month: $ 6,451.56 General Fund Restricted (by outside party) Recycled Product Cape Caribe-Tree Mitigation Cape Caribe-N. Atlantic Ave. Total Restricted Committed (Constrained by Council) Fire Station Reserve City Hall Reserve Expansion Recreation Expansion Police Capital Equipment Renewal & Replacement Total Committed Assigned - General Fund Emergency Reserve Unassigned $ 43,138.99 32,660.59 478,179.16 $ 553,978.74 1,495,349.01 469,732.46 Total General Fund SPIA Investments: $ 2,519,060.17 FI Safe General Fund Emergency Reserve - 2.13% (average mont $ 1,323,943.29 FI Safe Combined - Note 2017 - 2.13%(average monthly) $ 2,357,500.45 FI Safe Combined - Bank United CD - 1.7% (assigned) $ 3,994,611.09 $ 7,676,054.83 Total General Fund Florida Safe Investments: $ 7,676,054.83 Total General Fund Investments: $ 10,195,115.00 Special Revenue Funds Restricted (by outside party) Police Education Fund $ 12,192.08 Aerial Fund 7,607.77 School Crossing Guard Fund - Library Fund 126,392.20 Library Fund Restricted 185,249.35 Law Enforcement Trust Fund 1,744.72 North Atlantic Avenue Reserves: Investments - SPIA N. Atlantic Ave - Capital Expansion Funds: Fire Rescue Capital Expansion - General Government Capital Expansion 5,138.96 Total Restricted $ 338,325.08 Total Special Revenue Fund SPIA Investments: $ 338,325.08 Enterprise Funds Wastewater Fund: Wastewater General - Unrestricted Wastewater Fund Renewal & Replacement Stormwater Fund: Stormwater Fund - Unrestricted Stormwater Fund Renewal & Replacement $ 85,065.21 317,217.58 $ 402,282.79 $ 50,007.65 54,687.44 $ 104,695.09 Total Enterprise Fund SPIA Investments: $ 506,977.88 TOTAL SPIA & FLSAFE INVESTMENTS $ 11,040,417.96