FY 2010-11 Adopted Budget - Volusia County Government

Volusia Forever Fund - 161Volusia Forever Fund - 161Summary: The Volusia Forever program seeks to maximize the effectiveness of local tax dollars by using these moniesto leverage available funds from other public and private non-profit sources. To date, the program hasacquired, fee-simple and conservation easement, 43 properties and nearly 33,000 acres. The total value ofthese acquisitions exceeds $87 million. Of this amount, the Volusia Forever program has contributedapproximately $53 million, with the funding partners contributing approximately $34 million.The merit and success of the Volusia Forever program has been recognized at the state and national levels.The program has been the recipient of the "Better Community Award" (1000 Friends of Florida), the"County Leadership in Conservation Award" (a nationally competitive award presented by the NationalAssociation of Counties and the Trust for Public Lands) and an "Achievement Award" (National Associationof Counties).Ten percent (10%) and up to five percent (5%) of Volusia Forever annual revenue is dedicated to supportland management and small lot acquisition efforts, respectively. Millage rates are established, first to meetthe debt service obligations, and second to fund current projects. The FY 2010-11 millage to meet the debtservice requirements of the Limited Tax General Obligation Bonds, Series 2005 (Fund 261) is 0.1368; and0.0632 mills for operating costs for a total millage of 0.20000.AdoptedFY2009-10BudgetFY2010-11RevenuesCurrent RevenuesTaxes $ 5,815,262 $ 1,585,996Charges for Services 32,000 100,000Miscellaneous Revenues 384,600 149,500Subtotal Current Revenues $ 6,231,862 $ 1,835,496Non-Current RevenuesTransfers from Other Funds 0 139,928Appropriated Fund Balance 11,400,000 13,394,273Subtotal Non-current Revenues $ 11,400,000 $ 13,534,201Total Revenues $ 17,631,862 $ 15,369,697Less Operating Transfers 3,434,688 0Total Operating Revenues $ 14,197,174 $ 15,369,697ExpendituresPersonal Services $ 156,472 $ 206,512Operating Expenses 3,758,957 4,452,700Capital Outlay 0 310,000Capital Improvements 299,201 250,078Grants and Aids 9,172,314 9,900,407Interfund Transfers 3,434,688 0Reserves 810,230 250,000Total Expenditures $ 17,631,862 $ 15,369,697Less Operating Transfers 3,434,688 0Total Operating Expenditures $ 14,197,174 $ 15,369,697Net Revenues Less Expenditures $ 0 $ 0Volusia County Section E - 24