Ad Committee to order We have a roll call, Please. Mr Beman here . Miss Hall is here. She's from just, um, this major Missiles, and Miss Howard is absent. OK, I guess we start out with the audit. Wrap up, Ron. OK you know , it's gonna try to figure out how to do a presentation. I just I know we did one a couple of months ago with all the I think we went over a fiscal year. 23 the way it was where we were. We went through the end of December for the current year. Um One. I did wanna do all those same slides again and stuff. And then the city manager is going well. Keep it short this so we open up discussion and all that stuff, so I tried to keep it that so it's not like 50 slides. It's like a like 20 slides here, but I thought I'd just go into the fiscal year 23 audit. We just wrapped it up at the end of March. Um You know, state statutes require that we have an independent audit done by an independent firm. Uh, Malden, and Jenkins is a CPA firm that we have doing it. Uh, they just they just completed their fourth year. Their five year agreement. You might remember. I think Chairman you were on that committee I was in a year will probably be looking for a couple of people to be on it for. We have to select somebody else for the next five years, but It was a clean report. Uh, you know the audit opinion? You know, I'm very happy. You know, I'm very we got a great staff in the Finance Department there that keeps up on things and making sure all the departments are doing things correctly. So There was no comments. No findings. There was a clean audit report. They also had to do additional work since we had grants above $750,000. When you have over that threshold, you have to have a single what's called a single audit done on a major program. So we had one done for Apo and one done for the Tarpon Roadway project since that grant came in about 813,000, what they do, is they they dig into more all the expenses for those grants and validating those and they came up clean to everything was good on those, so I just thought I'd Update you on that audit, and we're very happy with that. I just thought I'd go into the major funds of the audit report and just give you a brief synopsis of it. Uh, the revenues of the General fund was like the 33.6 Million expenditure is 33.2 million, so revenue over expenditures 463,000. I. I just want to point out that of the 33 of the revenues expenses. There is an entry for like 1.2 million that was booked for I call it an accounting entry. We didn't receive the revenues. But since we have, um Our cloud software, and we did a new contract for five years about $250,000 a year we're required to put it as a subscription asset. And then we have the liabilities, so we had expense one. We had the revenues of 3.2 mil. Uh, 1.2 Million like we got debt proceeds, and we also have the expense for 1.1 0.2 million. So those numbers those two numbers are inflated. I think about 1.2 million if you want to look at actual expenditures and revenues, But I Um and then down below the general fund fund ballots when the total fund balance went from 14,000,003 383,549 and plus the 463,000 the 14,847,000. The next the graphs. I'm gonna show you for the five phones that are four or five phones. I'm showing you are all graphs that I have in the audit report, and I like them So I thought, Let me just show you these graphs and stuff. They're pretty informational. Um but for the last five years, you know the blue bars are the revenues for the General fund. The red bars expenditures. The green bars are the unassigned fund balance, which we I'm keying this into the fund balance policy of 25% The green bars are the unassigned what we have and we've averaged. We've kept it right at 8.78 0.8 million for the last I think 78 years it's we've had it right at that mark in between 8.6 to 8.8 Million and the purple Bar that is the minimum at the 20. So I guess you know what? What We're trying to show here is our fund balance policy at the 20% We are with those revenues at the 33 million were at 26% You know if I back out that 1.2 million I mentioned where 27% I guess what ? I'm trying to show and we I think I've mentioned it to you all that we've gone down from in 2019. We were at 35% So now we That's what our concern and I think we've mentioned it. Talk to you all about Florida. We're gradually getting closer to that, Um Minimum fund balance. Uh, When would we hit that at the You know, if we still keep it at 8.8 Million, it might be another three years. I'm thinking, but, um 26% is decent, though, When you talk to a lot of other cities like go that they'd be happy with that, so it it's still a good, solid fun balance. Um Water and sewer fund . We had operating revenues of 18.6 million operating expenses is 17.4 million Operating income of 1.3 million After the operating income is a non operating revenues, expenses of 332,000. Capital contract contributions, which is a water and sewer impact fees of 333,000 and the transfers out of 1.4 million, So it had a net change in position of 129,000 in negative, uh, down below the fund balance, but In the government accounting in the General fund. You call it fund balance. But in since the all the enterprise funds like called net position Um So the net position went down 100 and 29,000 to 73,528,000. Uh, the water institute. The same graph as a general fund is showing the operating revenues. The operating expenses. The unrestricted net position, which is similar to the unassigned fund balance and the Net position minimum. The Water and sewer Fund. The Sanitation Fund and Stormwater Fund are the minimum is 25% The general fund was 20% These funds are 25. And as you can see, we were above it. We're at 35% at the end of the year. You know, in 2019, we're at 58. And probably just to try to show you a history of what's been going on in the water and sewer fund. Um as you can see, going back to 2019 the revenues look, you know you say about they're about 2 million more than the than the expenses, you know, in 2019 2020, but you also notice how the green bar the unrestricted net position was going up, You know, eight point 4,000,009 0.5 million and it went up to 11.8 million. It was in 2021. When we went in and said, you know, Hey, we look, we did a Study and we were able to the board approved, re reduce and the water and sewer rates 2.2. But that rate study was done just before, uh the consumer price and that started to go from like 1.5% to really went up to 9.1% later that year in June or July that hit 9.1% If we would have known that I don't know if we would have been doing recommending a 2.2% reduction. Um but that's why you know we did the reduction. But then we went into the new year in 2022. And we had that 2022 was the year where we reduced the water and sewer rates 2.2% and you can see how the revenues in the blue bars are about the same as the previous year, 2021. But as you can see, the operating expenses went from 16 million in 2021 to 17.3, so we reduced the raids. But then all of a sudden we had the CP I and the increases in a lot of the operating expenses increasing 10 15. Um As 2023 and then in 2023. That's That's when we went back in and said after doing the other study. We came back and said it was 2022 where I said, Hey, we're having this issue here and stuff. We did another rate study. And um, seeing that the operating costs were going up and the fund balance going down. We said. We need to have another a study and that's when they came back and Um, my concern was, you know we your fund balance. I didn't want to go below the fund balance minimum. I believe we were gonna do that. But also our credit rating on the bonds might have been affected. If we start go below that fund balance minimum. We're at a AA minus right now. It would it go down to an a rating or something? I'm not sure. But because they talked about our financial strength. The last time they did the, uh, the bond Standard and Poor's did the rating that were strong and it could go up for maybe AA minus to a AA, which means you could get a lower interest rate on any future financing. So that's why we did the next rate study, which now we've come back and now in 2023 getting to there . We had no end rate increase in 2022 was a 2.2% reduction. In 2023. There was no rate increase . And as you can see, you know the revenues went up a little bit. But again, the expenses jumped another, You know? 1.5 million from 17.3 to 18.8 million from 2022 to 23. Um and then again on assigned unrestricted net position went down. It went down from 8.8 million to 6.6 0.6 million. So but unfortunately we got the rate study done. In December, we got the rate new rates approved. 9.9% increase that started December. 1st Um so we're watching it this year. We're still holding the line on expenses. I keep telling poor Tommy. There's nothing additional. We just got to keep to what revenues we have. There's no reserves to use for anything and they're doing good about keeping to the keeping their capital costs down for whatever is a priority. Um So far I've been watching the revenues and the and the water and sewer fund and about I would say it's about December and we've a averaging about 100 and 100 and $10,000 more. Than the previous year each month. So we are getting the additional pardon in expenses, you said, or I'm sorry. Did I say expensive revenues revenues? Sorry about that. Yeah. So we're seeing the increase. It started December about 100 and $10,000 more of revenues a month. You know, it should be. You know, for a full year, you know the revenues are about were about 17,000,018 million total. You know, roughly 10% We should see an additional 1.71 $0.8 million of revenue for a full year. But like I said, this rate increase started in December, so we'll have 10 months worth this fiscal year. 2024. Um just a question on that. Just so you said the last time that they reviewed Our account. They rated us. What was that done with the audit or separate from the audit? For the AA negative Well, when the bond issue was done in 2013, and it was a it was a AA minus or AA, minus. Yeah. I'd never heard about it. But two years ago, Standard Poor's came up came to us and said, I think it probably was the 10 year, Mark said. We want to review your bonds. We want some information. They came back, I. I emailed our financial advisor and he goes. Yeah I'm hearing they're doing that. OK so it was sort of like random. It's not like any cadence that they would do that. No, I don't know if it's I don't know if it's random, or if they go to everybody every 10 years and say we can We wanna update your financials and stuff And so I gave him all this financial information. They came back over the report that said, You know you're solid. You know the way you could, possibly at the next study or survey they do in a couple of years, you could possibly go maybe a AA minus to a AA. But That just depends on the So that was I didn't want to see you know, with the way we were trending going from 2000 with the When we did the rate reduction and the cost going up. I'm going I. I don't wanna feel like we're on the right direction now like they did the 9.9% increase, you know for holding the line on your expenses, especially the capital project because the operating costs are still are still up there. But Tommy said yesterday that he's sitting there thinking they're leveling off. So we're hoping that we'll get back on a little bit more of upward trend there. Sanitation Fund, um, operating revenue 7.9 million expenses of 7.6 operating income 271,000. Um non operating revenues expenses 104,000. And transfers out 302,000 that came out for net change in position of 73,000, adding that 73,000 onto the fund in that position brings us to a net position at the end of the year of 4.4 million. The sanitation fund needed a little help. This year. We had, um They call it the mountain of debris that was out there. I don't know if you heard about that last summer, Uh, we had more debris removal expenses and we'd planned on a August they had to spend $400,000 to get that debris out there. Um. I was going to say if I should get to the next slide here, But let me get to that. Um The fun went into to sanitation funds, and that as a contract has been up the that the, uh, fund balance minimum or net position minimum is increased. So we've gone from if you look back to the previous and 2019 our our net position minimum was 1.3 million. They they did the new contract in 2022, which increased expenses it increases about 25% So that's increases the You know the net. The 25% of your expenditures is what you have. What is your minimum for your net position? So that was one factor in that. They're going up to almost 2 million of net position. The minimum there. But what we also found out was the this year. I was planning for it because we had a big yard waste project there, and I was planning that we'd have about 2 million in that position. At the end of the at the end of Unrestricted net position. But Lo and behold, we had $600,000 of debris removal out there, which was paid for at a higher rate than what we actually charge the customers because they had to get it out of there and what happened last year about this time last year, the contractor wasn't going to renew the contract at the $20 a ton that they would haul it out. What was back a year ago. What it was was We would have paid $20 a ton to have the contractor . Remove it. We were charging $50 a ton, So we're at least two times the amount of revenues each year. For the last few years, we would about on average . We paid 200,000 to the contractor. Our revenues are 400,000. Well not this last year. This last year, we paid 600,000. To the contractor, and we were at about 500,000 of revenue because we had We basically had a loss on on that that pile that I guess what happened was that pile the contractor we had. They didn't wanna do it anymore until they got a new contract, So that's why that pile just built up out there. So when they were finally getting that pile out of there, we had to pay between $64.84 dollars $80 a ton to get it out of here, where we charge the people to use it $50 a ton. Thom has since increased the rates for dumping out there. To $90 that didn't start until I believe it was October. Um But we're still It was a concern. Yesterday I looked through the end of March. We're still having a concern. Of course, we're still seeing Charges more than than we have in the revenues. Um part of it was. I guess they had a bunch of they're not doing but, uh, bags out there anymore plastic bags, so we spent $200,000 to get rid of the plastic bags out there paying it. That's the 64 to $80 a ton to get it out of there, so Talk to Tom this morning and, um, he's got a plan he goes. It might take a couple of years, but I go to I don't have a couple of years here. They get rid of the D as they chop. I try to reduce some hours on positions and stuff. I go. Well that's OK. That'll help and stuff, But we need to figure out what's going on. Is this operation? Should we keep it going? If we're losing money out there, But I think we got to see it going because I asked you got everything cleaned up out there now and he goes. Yes we do. Have everything cleaned out all the plastic bags and everything's out there. Uh, but going forward and they're gonna analyze, you know all the tonnage that they've they've taken in. It's gone out and see where they're at part of us. You know our revenues this year for yard waste debris or even down, even though they raised it to 90 bucks are down from the previous year, before or about 50,000 last year. We're at a 200 at this through the first six months of the of the year. Last year we were at 200. I'm sorry 250,000 of revenues this year we're at 200,000. So even at 90 bucks We're down and Tom was saying from the beginning, it's called Well, we're going to charge more. We might lose customers and stuff. So I'm trying to explain the sanitation fund, mostly how it relates to the yard waste and how we've seen this. Creep down below, but As you can see at at the green Bar on the far right the, um under 2023. We're at 1.7 million of, uh, Unrestricted in that position. Well, it's below the minimum. We did one thing to try to help it out. I told city Manager I go. I can redo. We transfer money to the General fund about 620,000 was actually I go Mark. We can reduce that. But that's money That's gonna come out of the General fund because we're reducing that transfer. So we did that because we were down to 1.4 Million. I go, Mark. Let's at least do this. I knew one other thing missing in component here is what we're waiting on. 200,000 bucks from FEMA for Hurricane Ian and Hurricane Idalia. We still haven't gotten yet. So we're it Looks like we're gonna get that this year, so that money is gonna go in into this fund. So that was gonna make up the difference between the 1.7 million. We have to get us back up to close to 2 million there. So that's so But at the end of the year we're below it, But we got a plan to, you know, recoup that as far as with the FEMA, and hopefully, if the yard waste we need to look at this operation and, uh See if the rates are Tom is thinking well, Some of these people are going to some site to dump their debris off Keystone and but that's going to close up soon, and that might bring some of these customers back. So That's something I'm gonna be monitoring every month to see how the yard waste debris is coming in and what we're what we're paying. Tom's gonna have his crews looking at it so I don't know if that made any sense. I'm trying to explain all the sometimes I find myself just a but there is so that's that's another fun. That sort of kept me up at night trying to think of this and trying to fix last year and all of a sudden I'm seeing this year is not doing much better and alcohol. Jeez the one time that you referenced the 400,000 or I forget the number you said that's in the 23 numbers. We had the big mountain of debris out there, and it was middle of the summer and I think people were in catching on fire and you might get the fire department. Where he's got A. There was concern. I think there was a pile in Pinellas Park that did catch on fire. So all of a sudden, like we gotta get this pile out of here. So, yeah. So Tom had to hire a firm at a higher rate that Get this big pile of debris out of there. Um So that's the challenges within the sanitation fund right now. I've gone to the stormwater fund we had. You know, the revenue is almost 2 million operating expenses. 1.7 operating income 243,000. Non operating revenues, expenses 1,071,000 of that, though, is 1,050,000. We got money in the settlement on this pent Gros Project. And that's where that is recorded. 1,050,000 Uh, transfers out 100 and 56,000, leaving a net total change in that position of 1.1 million. Adding that on to the 7.2 million on the fund balance brought our fund balance up to 8.4 million. But a lot of that one point that 1 million is gonna be used is being used towards the pent grows project that's going on now. Um same graph as the other ones and show the revenues. Expenses. Um Unrestricted that position and the fund balance minimum. I'm sorry. Net position minimum. As you could see in 2023. We're at 1.4 Million, but that's because of the $1 million we got for the settlement. That'll be going down. I'm hopefully projecting. We'll be right at right around 400,000 there to keep us at the minimum for the stormwater fund. One of the just go into the I knew I was doing the presentation. We excited this for on the budget, and I thought I've been cramming in the last few days trying to look at the budget and get things in sort of before. I was really but been working out the last few days and trying to make some projections. I've I've gone in. We've put the police and fire union. Uh, contracts and health insurance plus 10% P pension contributions, trying to get in as much as we can, but it's still really early in the budget process here. Uh, what I was just trying to show you in this graph is the revenues expenses of the General Fund for the actuals for 2020, 21, 22 23 and the budget for 24. That's the original budget of 33 Million and 24. It's about 1.5 million more. Now. We had a budget amendment. The resolution brought over 700,000 of outstanding encumbrances. I think 300,000 of them. Of outstanding the donation balances. And um, we had a high water vehicle. We brought over the money for that. So the you know, the budget is closer to 34.7 million right now in the 2024. Then in 2025. This is as it is right now, With what I've put in, like I said, there's still going to be a lot of work on it. And, uh, I've got revenues of 34 point, almost 69,988,000 of revenues in the green bar, but I've got expenses of 35,000,837 and down. Be It shows as of right now I'm about $850,000 short of balancing the General fund budget. Um And like I said, I've I've put in the police and fire union increases per their contract. It's a second year of their contract. Health dental life insurance. I've I've put the current rate plus 10% same with property liability insurance, workers' comp insurance 10% I put in the required pension contributions, but I'm I'm a little over. But I'm waiting for the actuary to give on the police and fire to tell us what do we need A base it from them What we need to contribute next year to cover the benefits and, um, I have put in capital outlay. 531,000 They've requested a lot more, so there might be a lot of stuff either cut out or I try to figure out if it can go into the penny fund or impact funds on some of the capital. I have not put in general employees pay increases yet. So of that. Where we were short 849,000 far in the hole. You had 300,000 for 3% increase, you know, OK? Yeah. You know, one point 300,000 would be all in with benefits and everything or just OK? For the general employees. The police and fire unions are all in with their benefits and stuff, But, yeah, uh, in the last two years, we've we've done 5% pay increases. So of course, that would be another 500,000. So like I say, it's still early in the process. Um in fact, to catch up to benchmark to keep doing it that was some benchmark to cost of living, right? Yes. Yeah, It was just Yeah. Do we think we're caught up yet? Or Or do we still have We still have a little ways to go right? Is that what we talked about the there was like a big plan to bring see people who serve and that's what yes, and that's what they've been doing and Mark's always working on that. Yeah. So still some more a little bit more work to go there Well, and I know he's plus, he's trying to bring up the lower and I think last year first, it was 15 bucks. And then all of a sudden you heard the county was going to $18 minimum. So now he's got a threshold he wants a I can't remember the minimum. Now he's he's looking at a $16.24 or something like that people hiring at he's just trying to keep up with everybody. Um in the General fund, just trying to show the like. Expenditures personnel is of blue bars. Operating as a green bars and then down below small little bars as a capital outlay. But as you know, the general fund is 780 to average about 72% personnel cost in the General fund. And as you can see, you know, and again the General fund has experienced, you know a lot of increases in their in their operating costs. You know? Bringing it up to budgeting and 25. I'm up to 25.7 million of operating expenses. Now granted. Hopefully I can try to bring some of those down. Um Let me get to the next slide here. We're hoping that you know a budget 5% for the property taxes. If it comes in at 6% That's another 136,000 so every 1% of taxable value increase every 1% equals about 100 and $36,000. So hopefully it comes in more than the 5% You would need it to come in around eight to fund the 3% increase. Exactly right. I'm hoping that maybe once I go through the budget And work with the department. As I mentioned below, trying to reduce some operating, I've already talked to a couple of I can probably eliminate that 849,000. We're short now by going through the budget. Working with departments on their operating expenses, maybe reduce some capital. Hoping but we probably won't know until it's usually July or August, probably July. What the health insurance rates are gonna be, but hopefully last year it was 7. Um so hopefully those might come down and the police and fire pension contributes. Hopefully there'll be a little bit less than what I put in there. I just I'm a little bit overly cautious, like a little bit higher amount. I also have what's when you look at the actual report. We have a prepaid contribution. Um like in the fire. It's 100,000 bucks. It means we've contributed more than we needed to. And the Ray tells me Oh, Ron, you can. You can draw down on that if you want to I. I like leaving a little bit in there. So if I could take 50,000 out, but Once I got the new report Last year's with 100,000. We were over. Maybe we're over. Still some more. I'm hoping and police was over, too. But not I think it was 60,000. It was over. Um if health came in at 10 at 5% rather than 10% though, what kind of differential? Are we talking that that would well right now. Health insurance costs say about $4 million, You know, so the 10% foreign So you talk about $200,000. Okay? You know, it's like going through the year trying to wait these things to figure out what's going to happen. Getting into the revenues. This is just to show you the property tax revenue. The green bars or over the last five years are what it's brought in, starting at the 9.6 million, Uh, 10.2 million in 2021. These are the actual numbers almost 11 million in 2022. Uh, 23 was a 12.4 million and 24. We've budgeted the 13.8. And with the 5% projected, I'm projecting 14.5 million of property tax revenue and down below. I've just got the history of the increases. Starting back in 2020. We're at 6.29% taxable value increase. It was a revenue increase of 492,021 6.14% 2022 to 7.19% and then in 23. We jumped to 13.96% and then 2024 11.63. And I've I've plugged in 5% so far. That's a number we're hearing. Um, but we'll have to see for our city what it is. And then down across in the Red Bar is showing the you know the actual the increase over the years for those revenues. The reason for the increase. Just remind me I know we talked about it before but from 22 to 23 7 to 13. So we kind of like double there was that because there was like more home sales. Was it like more people were buying and selling. Well back then. I don't know if you remember the price of the homes were were just going up and one thing I also heard as people were selling homes and a lot of times when they sell. You might have people that have lived in their home for 30 years, and it might be 200. It's been in tax at 200,000. Now they sell it. It's been sold for 500,000. Now the new person is OK, so that was that. What the property was telling me was the big thing. These people selling their homes getting their money and then all but also in the new people are paying the tax at $500,000. Mhm. Yeah, OK, I remember now. Thank you. Um Just showing you examples on the property tax revenue. What would you know? 5% for next year for 2025 on the far left as a 5% would give us 681,000 of the red bar there just showing you for each percentage. You know if we get 6% OK, we're getting 818,007% 954,000 going up to 10. We will get 1.3 million, which would be nice. Just just trying to show what's going on in the current year. You know, And I guess what? I was also saying, you know, sometimes. I told my wife I'd do this presentation. I don't want to be too doom and gloom and stuff. Sometimes I get the crystal ball out and I'm sort of going, OK, Everything is good now, but I don't know if I see some clouds in the distance here and stuff. Dark clouds, But along with the property taxes, you know if they come in higher grade, But I'm seeing sales taxes come in, and I'll get the sales tax. But right now I'm at electric utility tax, which I can never know. Because Duke Duke also tells us, OK, we're gonna do a ra. I've heard recently a rate decrease, which means if they Rates that's less utility tax money and franchise fees, so they're like our second largest revenue after property taxes, so I've just shown here. What You know the bar what we've gotten in the last few years and then the red bars or what? The what The increase was and I 2023 was good. The last two years have been good. I guess it was been good with the revenues. There hasn't the only things that really didn't Increase in the General fund was code enforcement board fines and recreation fees. Everything else was positive. Um But this year so far in in yellow down there, the revenues for you to electric utility tax is up. 105,000 comparing th this march 31st 2024 the last year at this time, so we're up 105,000. That's good, because Last year, we took in a good a sizable amount of 2.9 million, so That one's looking good. So far. The electric franchise fee. Again you know, increase nicely increase 344,000 last year, but this one is down at March. 31st $58,000 You know, I've got a call into, I guess so. Why is the utility tax gone up on it and all this? We had a couple adjustments. They had to adjust some things that I think it was 26,000 a couple of them So I've got a call and I try to figure out why Why is he electric utility tax up 105,000 and you know at the 10% and I know we get The franchise fees at 6% I know there's some that are exempt out of the, uh, franchise fee that aren't exempt in you. Utility tax, but Half in sales tax. This is one of the sales taxes. You know, I've been watching monthly and what we've gotten over the last five years, and it's down 13,000. At the end of March, 31st compared to the last year where we should be up about, I would say about 40,000. So we're we're like a $50,000 swing from where we should be based on what we were planning on so I don't. I guess I don't know if I contributed to you know, After the last couple of years, everybody was going out and doing things and maybe everybody's watching their money now and they're not doing as much as but, um, we're seeing the sales taxes decline. Now the penny is also declining. It's not in the general fund, though. It's in its own separate fund, but it's down almost 20,000 at the end for the first six months of March, compared to the first six months of last year. It should be about I. I would say about 60,000 plus, so we've got about $80,000 swing from what we were planning on. Um So, like I said, uh, sort of concerned about the revenues. What whatever property taxes come in. And how the sales taxes are, Are they? Are they going down? The other things that I have seen. Building permit fees. And I'm not sure if there's less construction activity going on in the city. The building per permit fees are down from last year. I think about $50,000 through the first six months. Um Impact fees are also down. We're only at like 20% of budget. You know, we're we're 50% through the year and I've got an email to the building director and Renee to his From what I have heard last year. At this time, there was maybe three Neighborhoods that were being constructed this year. There's only one so I'm not sure if that's it so One other thing. I was sort of joking about that. I'm my new financial indicator. It's my roll off indicator. I was trying to figure out I was looking at the solid waste What we were on refuse solid waste. It was down about 100 and 50,000 through the end of the first six months of March through March compared to last year. I knew the only variable is roll offs. Other ones are pretty standard. You know, people that get the roll off they you know, they go do construction and they get all the roll offs. A roll off. Revenue is down about $200,000 from last, which would match that there's less like of the SS as I'm calling my new financial roll off indicators. That sounds like actually a great indicator. Yeah that's it. Well that's the only variable that really fluctuates in the revenue. So that's down about 200,000. Because our solid waste revenues are down some there. Um that's about it for the budget. Well, I'm I'm gonna get in. I thought I'd show you this. The required that started last year per the charter does have a budget public hearing. And get the residents. Citizens residence ideas on what they want in the budget. These were the two questions from last year. Um pleased one of them. The first ones. Please provide your ideas. Priorities for the city of Tarpon Springs Fiscal year 24 budget The other one that was Please tell us your relationship to the Tarpon Springs. If you've all got any ideas on questions, you can, you know, provide them to me. Um we plan on sending it out through what's it called? Connect Tarp and springs. Renee works on that They do a great job with that. They're going to get it together. Send it out, I think may 14th start to get the residents ideas. And I believe the budget public hearing Mark is scheduled tentatively for I think it's Tuesday, June 11th to have the meeting. Get the results of the survey and talk about what they wanna Put in the budget. In the budgets like on another link, So if they wanna context or something like they could go and find our budget, and they could review it, and they could say OK, I have an idea. Correct I think what what we do is well when they go on there, they'll say Here's a link to the budget document. You know, once it's ready and Hopefully, it's balanced. Um here's a link to the budget, and here's a survey so they can see both. Um, I? I don't think like I mean, I can't. I don't know about the other members. But I don't see it. Fanning these questions. I mean, It seems pretty simple, like, do you and it would encompass any ideas they had If they had an idea for maybe, um, additions or tightening, you know, they could put it all in there. Yeah I think that basically, that's in a nutshell. It just says what are what? What are ideas prior or do you want in the budget, So I think that's sufficient. Um My last slide is just to update. You know the we're getting the budget together. Now we're working on it. We'll get to hopefully, a city manager May 1st May 6th through 10th. He'll have his meetings with the departments May 14th I hope they get a budget book to you all, Um And May 14th is the public hearing survey going out to the citizens May 16th that Thursday. Have another meeting with you all and here's the budget. Hopefully, we got it all balanced and Um May 23rd to June 13th. Those are Thursdays. You know, it's not. It's not definite, but I guess it's up to you all if we're able to meet those Thursdays and set aside those days on the Thursdays at two o'clock and Uh, June 11th the BOC meeting on that public. Hearing survey. And what's that? I don't know if you got any questions. No no questions. I will be out of town May 22nd through June 5th so I would miss all the department meetings. How does that work with the other people? I'm here. I'm uh I don't Uh, I'm pretty sure Let me just check something. I don't think I have any trouble. The results of it. F. In the IN. The Try to help me. Remember Ron, how many weeks did we go to we go go through all the departments in the past. I think of what took three weeks. The three Thursdays . You know, two hours of meeting? Yeah. Yeah There's a lot I. I don't have a problem with as long as it doesn't go till June 3rd to June the last day of June 13th I need to be in Jacksonville for something else on that date. But otherwise the th those Thursdays are all good for me, OK? That'd be like the 23rd, the 30th and June 6. Yeah. OK? I won't be here. The 13th either. June 13th, OK? Now I know our regular meeting would be the following Thursday and 20th so necessary. We could Finish it up, then. Mm-hmm Yeah. But the 13th would be a problem. It sounds like. I want to go back to the 20% On the general fund restricted funds. Now, you said. Maybe good for three years. At the current rate, current level. Uh I don't particularly like the idea of waiting until we get to that point. So at what point do we consider changing that number? Well, you can. We can do that at any time. You you want to? I mean, it's it would be a matter of just to write it, changing the policy and bringing it before the board of Commissioners. One other thing I forgot to mention. You know, we have the enterprise funds, some of the water and sewer, sanitation storm water. With a golf course and Marina. I mentioned the city manager about you know, now at the golf course is in a pause. I just don't we finally got the marina and the And the golf course out of the negatives. I I was my thought was not 25% But maybe because it's a seasonal. Those are the golf course. A seasonal activity. Maybe it could be down for Working on the greens or something like that. But I was thinking, you know, at some point, maybe they wanna do a fun. Maybe 10. The city manager is open to it, but I think he wanted to see how we get through this Get one more year through the golf course it it's finally in a positive fund balance about 350,000 bucks and maybe get one through one more year and just say OK, should we have a fun balance policy for the golf course in the marina. They didn't do it back years and years ago when they did a policy because they were both well into the negative balances, But So that's that's a An idea. I've been floating around, uh, maybe pursue that later on. Any other questions, Comments on Ron's presentations. At the last meeting. Do we not make a recommendation to raise the percentage on the No. We talked about it, but we didn't make a formal We did OK. I was wondering if you did do a formal recommendation. I'm pretty sure there was a motion in a second. So like something, uh, 25 was it in the 25, He said , raising it to 25% Because I went back to my desk and I was starting to sweat and OK now. I don't see it in my notes. We can always do it later, so That's what she see what she finds in her notes for the next meeting, OK? All right. Thanks, Ron. There any public comments? Staff comments. In the Next meeting is the 16th of May, I guess and correct Any other future agenda items we want to discuss. See? No, I will adjourn this meeting at 243.