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the City limits. The City has granted franchise fees for electric, natural gas and commercial solid waste.
<br />Franchise and utility fees related to electric sales account for the majority of these revenue sources.
<br />Intergovernmental Revenue (Sales and Gas Tax) - $2.41VI
<br />The State allocates 1.3409% of sales and use tax revenues, net collections from the one -cent municipal
<br />fuel tax on motor fuel, and 12.5% of state alternative fuel user decal fee collections to fund the
<br />Municipal Revenue Sharing Program. This State program began its decline in FY 2006/07, reflecting an
<br />average decrease of 4.1% for a five year period. However, slight recovery has been reflected in the
<br />current fiscal year and the Proposed Budget conservatively assumes a slight increase ($43,875) over the
<br />prior year. The intergovernmental revenues make up 13% of the General Fund revenues.
<br />Charges for Services - $873,857
<br />A substantial portion of these fees relate to Ambulance Fees (ALS). In the summer of 2009 the
<br />Commission approved a rate increase for this charge for service. A recent comparative analysis of ALS
<br />rates reveals that City rates are still very low and are recommended for revision. Additionally, Seminole
<br />County is considering a rate increase. City staff incorporated a proposed new fee structure and the
<br />increase in revenues is reflected in the FY 12 budget. Further adjustments may be required after
<br />Seminole County reveals its new rate structure as a part of their budget cycle.
<br />Interfund Transfers - $2.7M
<br />Cost recovery transfers reflect strategic costs associated with the management, finance, and accounting
<br />services provided and paid by the General Fund to other departments. These transfers include the
<br />following: Solid Waste Fund - $200,000, Stormwater Fund - $137,000, Building Safety Fund - $23,000.
<br />Transfers related to the Water & Sewer System include a cost recovery transfer of $1,172,100, and a
<br />Utility Investment Transfer, $1,051,456, for the vested interest in the Utility System that the City
<br />maintains. The Utility Investment Transfer is calculated based on assumptions utilized in the February
<br />16, 2009 water rate study.
<br />WATER & SEWER UTILITY FUND
<br />MgN
<br />CASSELBERRY
<br />The second largest fund of the City is the Water & Sewer Utility Fund. The proposed budget for this
<br />fund is $14,096,984, indicating an overall decrease of $58,569.
<br />The most significant operating expenditure includes the operating and maintenance charges of the Iron
<br />Bridge at the Water Reclamation facility for approximately $1,100,000.
<br />A-9
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<br />FY 2010/11
<br />FY 2011/2012
<br />Variance
<br />Expenditure by Type:
<br />Personal Services
<br />$
<br />2,965,685
<br />$
<br />2,942,372
<br />$
<br />(23,313)
<br />Operating
<br />$
<br />5,000,225
<br />$
<br />5,153,868
<br />$
<br />153,643
<br />Capital Improvements
<br />$
<br />1,645,000
<br />$
<br />1,429,350
<br />$
<br />(215,650)
<br />Debt Service/Transfers
<br />$
<br />4,544,643
<br />$
<br />4,571,394
<br />$
<br />26,751
<br />Total
<br />$
<br />14,155,553
<br />$
<br />14,096,984
<br />$
<br />(58,569)
<br />The most significant operating expenditure includes the operating and maintenance charges of the Iron
<br />Bridge at the Water Reclamation facility for approximately $1,100,000.
<br />A-9
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