Finance Department Christopher Quinn, MACC, CPA, CFE, CGFO Finance - - PowerPoint PPT Presentation
Finance Department Christopher Quinn, MACC, CPA, CFE, CGFO Finance Director Finance Department Overview Not Just Bean Counters 500 Vendor Invoices Processed Weekly 5,000 Receivables Transactions Annually Utility Bills & Payments
Christopher Quinn, MACC, CPA, CFE, CGFO Finance Director
Utility Bills & Payments Processed Monthly
Vendor Invoices Processed Weekly Receivables Transactions Annually Business Tax Receipts Processed Annually
500 5,000 38,000 3,200
GOVERNMENTAL ACTIVITIES
BUSINESS TYPE ACTIVITIES
GOVERNMENTAL ACTIVITIES
OPERATIONS
CAPITAL
Renovation
Resurfacing
BUSINESS-TYPE ACTIVITIES
OPERATIONS
CAPITAL
Wells, Pump stations
Crossings, Canals
Must Comply with Legal and External Requirements Some Examples:
Projects)
and Expansion of Utility System)
Capacity Improvements related to Growth)
Programs/Projects)
DO NOT TOUCH Restricted Fund
$17 Million Ad Valorem Taxes
Save our Homes Limitation Portability of Save our Homes 10% Limit on Non- Homesteaded
Assessed Value −Exemptions * =Taxable Value *Exemptions (homestead, senior, widow/widower, military, tangible, etc.)
Taxable Value x Millage Rate =Property Tax Each Taxing Authority Sets Their Millage Rate
20% of total millage
TAX REVENUES
Maintenance and Resurfacing)
maintenance and construction)
SERVICES PROVIDED
TAX REVENUE: Ad Valorem, Sales, Gas, Communications, Local Business Tax, Solid Waste Franchise Fee, State Revenue Sharing, State & Federal Grants, etc. GRANT REVENUE: Federal, State, County, Tourist Development Council (TDC), Department of Transportation (DOT), St. Johns River Water Management District (SJRWMD) as well as other agencies as funding is available.
Additional Law Enforcement
(including Maintenance and Resurfacing)
(including maintenance and construction)
Indirect Costs and Others