CIP FY 26-30 Final - Flipbook - Page 20
Building Fund
This fund is used to account for accumulated revenues derived from enforcing the Florida Building
Code, per F.S. 553.80(7)(a)(b).
This fund was established in 2019 to account for the accumulated revenues generated to building
activity within the City. Revenue in this fund is generated by permits and fees for construction. This
budget year is the first time this fund will incur capital expenditures.
Building Fund Analysis
Building Fund projections are based upon estimated FY 2024/25 revenues with an annual 1%
projected increase in revenues from FY 2026/30. The total FY 2026/30 revenue estimate is $6,479,289
or in excess of four times the total revenue needed to fund all the projects and expenses of this fund.
Expenditures were estimated at a 5% cost increase for FY 2026/30.
The fund must annually carry-over the average operating expenses of the previous five years.
Allowable costs are those associated with building personnel, review of building plans, building
inspectors, re-inspections, building permit processing, building code enforcement and fire
inspections associated with new construction. Any trained deemed necessary to enforce the Florida
Building Code is also an allowable cost.
As personnel space in City Hall becomes tighter and tighter, a new building for Building personnel
is included in the budget. The building will be designed to meet current and expected needs for
efficient operations, allowing for growth and the addition of more responsibilities to the Building
Department.
Building Fund
Fund Balance, Less
Investm ent in Capital
Permits
Interest Earnings
Estim ated
Proposed
Projected
Projected
Projected
Projected
FY 24-25
FY 25-26
FY 26-27
FY 27-28
FY 28-29
FY 29-30
$ 2,288,052
$ 2,843,200
$ 1,517,810
$ 1,626,213
$ 1,690,821
$ 1,658,913
1,245,000
1,168,200
1,179,882
1,191,681
1,203,598
1,215,634
32,500
98,000
100,940
103,968
107,087
110,300
1,277,500
1,266,200
1,280,822
1,295,649
1,310,685
1,325,933
3,565,552
4,109,400
2,798,632
2,921,862
3,001,506
2,984,847
Personal Services
448,000
658,787
691,726
726,313
762,628
800,760
Operating
236,000
283,050
297,203
312,063
327,666
344,049
Transfers to Other Funds
38,352
174,753
183,491
192,665
202,298
212,413
-
1,475,000
-
-
50,000
722,352
2,591,590
Total Revenue
Total Funding Available
Less:
CIP Projects
Total Expenditures
Net Operating Incom e
(Loss)
Fund Balance, End of Year
1,172,420
1,231,040
1,342,592
1,357,222
555,148
(1,325,390)
108,403
64,609
(31,908)
(31,289)
$ 2,843,200
$ 1,517,810
$ 1,626,213
$ 1,690,821
$ 1,658,913
$ 1,627,625
NOTES:
1. Beginning Fund Balance in FY 2024/25 ties with ACFR for FY 2023/24 Year-end balance
2. CIP Expenditure projections for FY 2025/30 are based on estimated costs for CIP projects
3. Assumes that project budgets are fully spent each year going forward
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