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City finance director briefs Youth Council on budget, audit timeline and major projects
Summary
Britney Jumper, the city's support services director and comptroller, described the city's fiscal year, the CAFR audit timeline, and major funds and projects to introduce the youth council to local budgeting and finance.
At the Satellite Beach Youth Council's first meeting on Oct. 28, 2019, Britney Jumper, the city's support services director and comptroller, gave a concise overview of how the city's finances are organized and timed.
Jumper explained the city’s fiscal year runs from Oct. 1 to Sept. 30 and said auditors would arrive before Thanksgiving to complete the Comprehensive Annual Financial Report (CAFR) process; the finalized budget material typically is presented to city council in February or March. She described seven main budget funds and noted that the general fund covers core services including police, fire, public works, recreation and the city clerk’s office. “Our fiscal year runs from October 1 to September 30. We actually just wrapped up the fiscal year. So we're in the process of beginning our audit, because our auditors will be here before Thanksgiving,” Jumper said.
Jumper cited example figures presented during the briefing: an overall city budget figure reported in the meeting as about $2,324,000,000, with the general fund described as just over $13,000,000 and about 60% of general-fund revenue coming from property taxes. These figures were presented to help members understand scale and revenue sources; the article reports them as Jumper presented them in the meeting and recommends consulting published budget documents for final, authoritative numbers.
She also described a major multi-year public works and fire station project the city is undertaking and explained how department heads request reallocations during the fiscal year to respond to operating needs. Jumper invited council members to review the budget book online and said staff could return with more detailed presentations on specific functions if the youth council wanted deeper briefings.
The presentation concluded with an offer to answer questions and to provide follow-up materials; council members said the overview would help them as they plan youth-oriented projects that may have small budget implications or require city partnerships.
Next steps: finance staff will provide links to the budget book and the CAFR; council members may request a more detailed presentation at a future meeting.
