HomeMy WebLinkAboutcocc_council_mtg_packet_20200818_budget_workshopCITY OF CAPE CANAVERAL
CITY COUNCIL BUDGET WORKSHOP
For viewing/participating in the Meeting remotely via GoToWebinar:
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AGENDA
August 18, 2020
4:00 P.M.
COVID-19 PANDEMIC ADVISORY: Due to the COVID-19 Pandemic Emergency, this meeting
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.
Instructions for the public to attend and provide public comments during this meeting are
accessible at www.cityofcapecanaveral.org/instructions as well as 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
4:15 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 (High Definition Aud...
feature is illustrated in the accompanying screenshot to the right.
File View Help
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
Item No. 2
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, City Manager
FROM: John DeLeo, Administrative/Financial Services Directorp
DATE: July 22, 2020
RE: Monthly Financial Report — June 2020
Staff is pleased to present the Monthly Financial Report for the period ending June 30, 2020. At
this point in the Fiscal Year, the Year to Date Actuals should be 75% of the total annual budget.
Total General Fund Departmental costs are under target at 50.2%. Administrative Services is
running under target at 38.7%. Fire Rescue and Protective Services combined costs are above
cost by 6.8%. Community/Economic Development and Building/Code Enforcement are under cost
by 19.3%. Leisure Services is 8.4% below target. Non -Departmental expenditures are under
budgetary projections by 23.9%.
The Community Redevelopment Agency (CRA) has incurred $581,407 of expenses for the current
Fiscal Year.
Wastewater Fund overall costs are under target by 27.2%.
The Stormwater Fund is under target at 42.1%.
The City's General Fund investments total $10,201,113.47; Special Revenue investments total
$339,019.71; and Enterprise Fund investments total $507,901.03. The Grand total of all
investments is $11,048,034.21. 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 June 30, 2020
Revenue
Ad Valorem Tax
To date, the City has received 101.9% of ad valorem revenue. The City saw a spike in this revenue source during
the month of December and will continue in July and August as escrowed taxes are remitted to the County.
Local Option Gas Tax
This amount represents an accrual for May and June based on actual collections for March and April. The May
and June accrual estimates have been lowered by 50% and 25% respectively based on the anticipated impact of
COVID-19. This revenue is just above target at 76.8%.
Franchise Fees, Utility Service Taxes and Communications Service Tax
This amount includes an accrual for May and June based on actual collections for March and April. The May and
June accrual estimates have been lowered by 50% and 25% respectively based on the anticipated impact of
COVID-19. These revenues average 60.1%, which are below target.
Permits and Licenses
Permits and Licenses are below target at 60.5%.
State Shared Revenues
This amount includes an accrual for May and June based on actual collections for March and April. The May and
June accrual estimates have been lowered by 50% and 25% respectively 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 64.8%.
Garbage and Recycling Revenues
This amount represents collections for the months of October through May and accrual for June. This revenue
line is just below target at 73.5%. This revenue source tends to fluctuate from month to month.
Recreation Fees (Leisure Services)
Recreation Fees are below target at 50.5%. 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 220.9%. 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 is slightly below target at 73.1%.
Stormwater Utility Fees (Stormwater Fund)
Stormwater Utility Fees are below target at 68.1%.
City of Cape Canaveral
Statement of Revenues&Expenditures
Period Ended June 30, 2020
GENERAL FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ 1,007,200 $ - 0.0% N/A
Cash Forward - R&R 199,200 - 0.0% N/A
Ad Valorem Taxes 4,561,588 4,647,247 101.9% 2,280,794
Local Option Gas Tax 340,810 261,829 76.8% 170,405
Franchise Fees 793,548 418,806 52.8% 396,774
Utility Taxes 1,199,478 814,335 67.9% 599,739
Communications Service Tax 464,106 276,825 59.6% 232,053
Permits&Licenses 543,708 328,678 60.5% 271,854
Impact Fees 998,500 790,844 79.2% 499,250
Federal Grants - - 0.0% -
State Grants 50,000 5,578 11.2% 25,000
State Shared Revenue 957,054 620,286 64.8% 478,527
Local Shared Revenue 131,840 - 0.0% 65,920
Charges for Services 31,010 16,161 52.1% 15,505
Garbage&Recycling Revenue 1,182,455 868,675 73.5% 591,228
Recreation Fees 103,720 52,413 50.5% 51,860
Fines&Forfeitures 19,900 12,176 61.2% 9,950
Interest Income 63,960 141,264 220.9% 31,980
Fire Hydrant Rental Fee 75,780 51,826 68.4% 37,890
Miscellaneous Revenue 122,800 124,003 101.0% 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 691,442 518,582 75.0% 345,721
Contribution from Stormwater Fund 19,566 14,675 75.0% 9,783
Loan Proceeds 4,409,000 - 0.0% 2,204,500
TOTAL REVENUES $ 18,654,753 $ 10,146,697 54.4% $ 6,519,677
EXPENDITURE
Legislative $ 47,489 $ 32,412 68.3% $ 23,745
Administrative Services 554,400 214,411 38.7% 277,200
Community Development 488,713 197,044 40.3% 244,357
Protective Services 3,057,301 2,431,532 79.5% 1,528,651
Fire/Rescue Services 2,263,325 1,748,436 77.3% 1,131,663
Building &Code Enforcement 323,666 294,363 90.9% 161,833
Infrastructure Maintenance 1,303,154 580,972 44.6% 651,577
Economic Development 150,244 111,956 74.5% 75,122
Cultural Programs 89,564 61,094 68.2% 44,782
Leisure Services 565,595 376,455 66.6% 282,798
Community Engagement 129,522 71,040 54.8% 64,761
Legal Services 285,912 129,205 45.2% 142,956
Solid Waste 1,181,465 844,567 71.5% 590,733
Debt Service 1,291,582 1,222,561 94.7% 645,791
Non-Departmental 2,052,757 1,049,224 51.1% 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 - 0.0% N/A
TOTAL EXPENDITURES $ 18,654,753 $ 9,365,272 50.2% $ 9,096,845
Excess of Revenues Over/(Under) Expenditures $ 781,426 Page 1 of 6
City of Cape Canaveral
Statement of Revenues&Expenditures
Period Ended June 30, 2020
POLICE EDUCATION FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Police Education Income $ 999 $ 937 93.7% $ 500
Interest Income 196 287 146.4% 98
TOTAL REVENUES $ 1,195 $ 1,224 102.4% $ 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 $ 1,224
FIRE PROTECTION FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward R&R $ - $ - 0.0% $ -
Interest Income 168 179 106.6% 84
Impact Fees 24,372 - 0.0% 12,186
Net Increase(decrease) in FMV - - 0.0% -
TOTAL REVENUES $ 24,540 $ 179 106.6% $ 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 $ 179
Page 2 of 6
City of Cape Canaveral
Statement of Revenues & Expenditures
Period Ended June 30, 2020
SCHOOL CROSSING GUARD FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ 1,560 $ - 0.0% N/A
Parking Fine Surcharge 825 1,129 136.9% 413
Interest Income - - 0.0% -
TOTAL REVENUES $ 2,385 $ 1,129 47.3% $ 413
EXPENDITURE
Transfer to General Fund $ 2,385 $ - 0.0% $ 1,193
Contingency - - 0.0% N/A
TOTAL EXPENDITURES $ 2,385 $ - 0.0% $ 1,193
Excess of Revenues Over/(Under) Expenditures $ 1,129
LIBRARY FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ - $ - 0.0% $ -
Ad Valorem Taxes 69,039 70,310 101.8% 34,520
Ad Valorem Tax Delinquent 50 5 10.5% 25
Tax Penalty Income 60 115 192.1% 30
Interest Income 6,180 7,337 118.7% 3,090
Interest- Library Impact Fees - - 0.0% -
Interest-Tax Collections 42 198 472.5% 21
Net Increase(decrease) in FMV - - 0.0% -
Impact Fees- Library - 30,251 0.0% -
Miscellaneous Revenue - - 0.0% -
Transfer from Capital Construction Fund - - 0.0% -
TOTAL REVENUES $ 75,371 $ 108,217 143.6% $ 37,686
EXPENDITURE
Operating Expenses $ 34,850 $ 22,135 63.5% $ 17,425
Capital Purchases 30,000 20,811 69.4% 15,000
Contingency 10,521 - 0.0% N/A
TOTAL EXPENDITURES $ 75,371 $ 42,946 57.0% $ 32,425
Excess of Revenues Over/(Under) Expenditures $ 65,271
Page 3 of 6
City of Cape Canaveral
Statement of Revenues&Expenditures
Period Ended June 30, 2020
CAPE CANAVERAL COMMUNITY REDEVELOPMENT AGENCY
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ 135,569 $ - 0.0% 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 $ 1,149,413 20.2% $ 2,779,078
EXPENDITURE
Operating Expenses $ 11,559 $ 1,382 12.0% $ 5,780
Capital Purchases $ 4,778,500 580,026 12.1% 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 $ 581,407 10.2% $ 2,764,043
Excess of Revenues Over/(Under) Expenditures $ 568,006
LAW ENFORCEMENT TRUST FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ 7,526 5,645 75.0% N/A
Contraband Income 1,000 - 0.0% 500
Interest- State 72 41 57.0% 36
Net Increase(decrease) in FMV - - 0.0% -
TOTAL REVENUES $ 8,598 $ 5,686 66.1% $ 536
EXPENDITURE
School Resource Officer $ 8,598 $ 8,598 100.0% $ 4,299
Contingency - - 0.0% N/A
TOTAL EXPENDITURES $ 8,598 $ 8,598 100.0% $ 4,299
Excess of Revenues Over/(Under) Expenditures $ (2,912)
Page 4 of 6
City of Cape Canaveral
Statement of Revenues&Expenditures
Period Ended June 30, 2020
WASTEWATER ENTERPRISE FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ 1,237,066 $ 927,800 75.0% N/A
St.John's River Water Mgmt Dist.Grant - - 0.0% -
Utility Operating Income 3,957,858 2,892,683 73.1% 1,978,929
Utility Penalty Income 60,500 33,792 55.9% 30,250
Sewer Assessment Fees 150,000 213,448 142.3% 75,000
Reuse Hook-Up Fees 3,900 1,765 45.3% 1,950
Reclaimed Water Revenue 87,233 63,827 73.2% 43,617
Investment Income 9,780 9,762 99.8% 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 1,635,250 220,173 13.5% 817,625
Net Increase(decrease) in FMV - - 0.0% -
TOTAL REVENUES $ 7,198,911 $ 4,363,249 60.6% $ 2,980,923
EXPENDITURE
Personal Services $ 1,447,786 $ 1,107,626 76.5% $ 723,893
Operating Expenses 1,195,791 713,675 59.7% 597,896
Debt Service 498,308 450,946 90.5% 249,154
Capital Purchases 3,342,250 647,940 19.4% 1,671,125
Contribution to General Fund 691,442 518,582 75.0% 345,721
Transfer to Enterprise Capital Fund - - 0.0% -
Contingency 23,334 - 0.0% N/A
TOTAL EXPENSES $ 7,198,911 $ 3,438,768 47.8% $ 3,587,789
Excess of Revenues Over/(Under) Expenses $ 924,481
Page 5 of 6
City of Cape Canavera
Statement of Revenues & Expenditures
Period Ended June 30, 2020
STORMWATER ENTERPRISE FUND
FY 2019-2020 YTD %OF TARGET
BUDGET ACTUAL BUDGET ACTUAL
REVENUE
Cash Forward $ - $ - 0.0% N/A
IRL Grant 11,000 - 0.0% -
Dep Grant - - 0.0% -
Stormwater Utility Fees 1,014,324 690,719 68.1% 507,162
Investment Income 4,200 2,369 56.4% 2,100
SRF Loan Proceeds - - 0.0% -
Net Increase(decrease) in FMV - - 0.0% -
TOTAL REVENUES $ 1,029,524 $ 693,088 67.3% $ 509,262
EXPENDITURE
Personal Services $ 220,729 $ 193,394 87.6% $ 110,365
Operating Expenses 295,129 99,021 33.6% 147,565
Capital Purchases 344,100 31,217
Contribution to General Fund 19,566 14,675 75.0% 9,783
Transfer to Enterprise Capital Fund - - 0.0% -
Contingency 150,000 - 0.0% N/A
TOTAL EXPENSES $ 1,029,524 $ 338,306 32.9% $ 267,712
Excess of Revenues Over/(Under) Expenses $ 354,783
Page 6 of 6
Florida State Treasury-Special Purpose Investment Account (SPIA) & FL SAFE
As of June 30, 2020 the following funds were invested with the State of Florida Division of Treasury,
with a rate of return of 2.31%
Interest earned for the month: $ 7,897.54
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 43,221.85
Expansion Police 32,723.33
Capital Equipment Renewal&Replacement 478,179.16
Total Committed $ 554,124.34
Assigned-General Fund Emergency Reserve 1,495,349.01
Unassigned 474,140.43
Total General Fund SPIA Investments: $ 2,523,613.74
Fl Safe General Fund Emergency Reserve-2.13%(average month $ 1,324,462.90
Fl Safe Combined-Note 2017-2.13%(average monthly) $ 2,358,425.74
Fl Safe Combined-Bank United CD- 1.7%(assigned) $ 3,994,611.09
$ 7,677,499.73
Total General Fund Florida Safe Investments: $ 7,677,499.73
Total General Fund Investments: $ 10,201,113.47
Special Revenue Funds
Restricted(by outside party)
Police Education Fund $ 12,215.50
Aerial Fund 7,622.38
School Crossing Guard Fund -
Library Fund 126,990.82
Library Fund Restricted 185,249.35
Law Enforcement Trust Fund 1,748.07
North Atlantic Avenue Reserves:
Investments-SPIA N.Atlantic Ave -
Capital Expansion Funds:
Fire Rescue Capital Expansion -
General Government Capital Expansion 5,193.58
Total Restricted $ 339,019.71
Total Special Revenue Fund SPIA Investments: $ 339,019.71
Enterprise Funds
Wastewater Fund:
Wastewater General-Unrestricted $ 85,797.72
Wastewater Fund Renewal&Replacement 317,217.58
$ 403,015.30
Stormwater Fund:
Stormwater Fund-Unrestricted $ 50,198.29
Stormwater Fund Renewal&Replacement 54,687.44
$ 104,885.73
Total Enterprise Fund SPIA Investments: $ 507,901.03
TOTAL SPIA & FLSAFE INVESTMENTS $ 11,048,034.21