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06/12/2023Monday, June 12, 2023 1:30 PM City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 Main Library - Council Chambers Council Work Session Work Session Agenda June 12, 2023Council Work Session Work Session Agenda 1. Call to Order 2. Public Works Approve Change Order One from Biltmore Construction Co., Inc of Belleair, Florida, for the former City Hall Demolition project (19-0009-EN) in the amount of $252,544 increasing the contract from $557,693 to $810,237 pursuant to Request for Qualifications (RFQ) 40-20, Construction Manager at Risk, and authorize the appropriate officials to execute same. (consent) 2.1 Approve a work order to Stantec of Clearwater, Florida, for former Elks Lodge Demolition (20-0037-CM) project in the amount of $127,190, pursuant to Request for Qualifications (RFQ) 26-19, Engineer of Record, and authorize the appropriate officials to execute same. (consent) 2.2 Approve Change Order 2 to Skanska USA Building, Inc., of Tampa, FL, for Imagine Clearwater Flatwork and Vertical Construction (17-0031-EN) in the amount of $887,847.46, increasing the contract from $ 57,270,250 to $58,158,097.46, and authorize the appropriate officials to execute same. (consent) 2.3 3. Finance Annual Comprehensive Financial Report for Fiscal Year 2022. (WSO)3.1 4. Office of Management and Budget Amend the City’s fiscal year 2022/23 operating and capital improvement budgets at mid-year and pass Ordinances 9687-23 and 9688-23 on first reading. 4.1 5. Parks and Recreation Authorize a Guaranteed Maximum Price proposal to Certus Builders, Inc., of Bristol, FL for the construction of a new pier and dock at Cliff Stephens Park located at 901 Fairwood Ave, in the amount of $292,811.31, pursuant to RFQ 40-20, Construction Manager at Risk (CMAR) Services for Continuing Contracts and authorize the appropriate officials to execute same. (consent) 5.1 6. Planning Provide direction on Clearwater 2045 Parks and Public Places, Conservation and Coastal Management, and Support Services Chapters. (WSO) 6.1 Page 2 City of Clearwater Printed on 6/8/2023 June 12, 2023Council Work Session Work Session Agenda 7. Office of Innovation Review of First Year of Energy Savings with Cenergistic. (WSO)7.1 Review Solar Implementation Plan. (WSO)7.2 8. City Attorney Adopt Ordinance 9675-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Section 21.12 relating to prostitution. 8.1 Adopt Ordinance 9676-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Article 2, relating to registration of ex-convicts. 8.2 Adopt Ordinance 9677-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Section 21.20 relating to the offense of sitting or lying down. 8.3 Adopt Ordinance 9678-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Section 21.15 relating to the offense of requesting payment in exchange for watching parked motor vehicles. 8.4 Adopt Ordinance 9679-23 on second reading, amending Chapter 30, Code of Ordinances to repeal Article 6 relating to cruising. 8.5 Adopt Ordinance 9680-23 on second reading, amending Chapter 22, Articles 1 and 2, Code of Ordinances to define electronic cigarette and prohibit smoking and vaping on city owned public parks and beaches. 8.6 Adopt Ordinance 9689-23 on second reading, amending Chapter 22, Article 2 relating to hours of operation and Article 3 relating to special events. 8.7 Adopt Ordinance 9690-23 on second reading, amending Chapter 2, Article V, Division 3, Employees’ Pension Plan, to amend Section 2.414, Participation. 8.8 9. City Manager Verbal Reports 10. City Attorney Verbal Reports 11. Council Discussion Item Consider adjusting council salaries, ranging from $41,000 to $49,000 - Councilmember Teixeira 11.1 Create an Imagine Clearwater citizen engagement mechanism - Councilmember Teixeira 11.2 Page 3 City of Clearwater Printed on 6/8/2023 June 12, 2023Council Work Session Work Session Agenda ARPA Grant Awards Distribution Update - Councilmember Beckman11.3 12. New Business (items not on the agenda may be brought up asking they be scheduled for subsequent meetings or work sessions in accordance with Rule 1, Paragraph 2). 13. Closing Comments by Mayor 14. Adjourn 15. Presentation(s) for Council Meeting June Service Awards15.1 Clearwater Library Celebrates Citizenship - Meredith Kambic, East Branch Manager 15.2 Page 4 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0657 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Engineering Department Agenda Number: 2.1 SUBJECT/RECOMMENDATION: Approve Change Order One from Biltmore Construction Co., Inc of Belleair, Florida, for the former City Hall Demolition project (19-0009-EN) in the amount of $252,544 increasing the contract from $557,693 to $810,237 pursuant to Request for Qualifications (RFQ) 40-20, Construction Manager at Risk, and authorize the appropriate officials to execute same. (consent) SUMMARY: The former City Hall is a three-story concrete building located at 112 S. Osceola Avenue in Clearwater, Florida. It was constructed in 1964 and was in use until 2019. It is currently unoccupied. This project will include an asbestos survey update, asbestos abatement, building demolition, site grading and placing sod. September 1, 2022, City Council approved the Guaranteed Maximum Price in the amount of $557,693 for demolition of City Hall. During demolition, unexpected asbestos containing material was found applied to a hidden section of wall (concrete cladding on the block wall) of the building. It was also requested that the contractor remove four- to seven-foot-deep piles that support the columns of the building. The pricing of this change order includes: ·Asbestos removal and disposal ·State required monitoring and reporting ·The excavation and disposal of the column foundation piles. APPROPRIATION CODE AND AMOUNT: 3157519-530300-C2212 $252,544 A third quarter budget amendment will provide a transfer of $240,000 from General Fund reserves to capital project C2212, City Hall Demolition, to fund this change order and provide additional funding for project contingency. USE OF RESERVE FUNDS: Funding for this contract will be provided by a third quarter budget amendment allocating General Fund reserves in the amount of $240,000 to capital improvement project C2212, City Hall Demolition. Inclusive of this item if approved, a net total of $1,639,990 of General Fund reserves has been appropriated by Council to fund expenditures in the 2022/23 operating budget. The remaining balance in General Fund reserves after the 8.5% reserve is approximately $41.3 million, or 22.5% of the current General Fund operating budget. Page 1 City of Clearwater Printed on 6/8/2023 PIERCE ST CLEVELAND ST S OSCEOLA AVEMEMORIAL CSWYN OSCEOLA AVE2 8 15 14 417 237212206350320231218224112300 305456428421412200 107100 416415429422433432425400418331423413410405420411301110 Document Path: C:\Users\Wioletta.Dabrowski\City of Clearwater\Engineering Geographic Technology - Documents\GIS\Engineering\Location Maps\OsceolaStDemo\OsceolaSt Demo\OsceolaSt Demo.aprx Prepared by: Engineering DepartmentGeographic Technology Division100 S. Myrtle Ave, Clearwater, FL 33756Ph: (727)562-4750, Fax: (727)526-4755 www.MyClearwater.com Former City Hall Demolition 112 S Osceola Ave. Project Number: 19-0009-EN ² N.T.S.Scale:Aerial Flown 2021 Page 1 of 1WDMap Gen By:JDReviewed By:Date:8/12/2022 AERIAL MAP ^DEMOLITION AREA To:City of Clearwater Project: City Hall Demolition Application:5 PW Engineering -Joe DeCicco __x_ OWNER Contract No:22-0019-EN Period to:3/31/2023 _x_ ARCHITECT ___ CONTRACTOR Contract Date:9/1/2022 Purchase Order:22001241 ___ ENGINEER From: 1055 Ponce De Leon Blvd. Belleair, FL 33756 CHANGE ORDER SUMMARY Application is made for payment, as shown below, in connection with the Contract. Change Orders approved in ADDITIONS DELETIONS Continuation Sheet is attached. previous months by Owner TOTAL -$ -$ 1 Original Contract Sum 557,693.00$ Approved this month 2 Net Change by Change Orders 252,544.00$ 3 Contract Sum to Date (Line 1 + 2)810,237.00$ Change Order 1 - City Council 6/15/2023 252,544.00$ 4 Total Completed 343,194.07$ Work w/o Retainage Work with Retainage 5 Retainage 15,089.65$ TOTALS 252,544.00$ -$ (5% of completed work) Net Change by Change Orders 252,544.00$ 6 Total Earned Less Retainage 328,104.42$ (Line 4 less Line 5 Total) The undersigned Contractor certifies that to the best of the 7 Less Previous Certificates for Payment $328,104.42 Contractor's knowledge, information and belief, the work covered (Line 6 from prior certificate) by this Application for Payment has been completed in accordance 8 Current Payment Due (Line 6 less line 7)(0.00)$ with the Contract Documents, that all amounts have been paid by 9 Balance to Finish, Plus Retainage 482,132.58$ the Contractor for work for which previous Certificates for (Line 3 less line 6) Payment were issued and payments received from the Owner, and that current payment shown herein is now due. Signature:Print Name:Shane Cupler Date: OWNERS CERTIFICATE FOR PAYMENT AMOUNT CERTIFIED: (Attach explanation if amount certified differs from that applied for) In accordance with the Contract Documents, based on onside observations and the data comprising the above application, the Architect/Engineer certifies Joe DeCicco, Project Manager to the Owner that to the best of his/her knowledge, information and belief, the Work has progressed as indicated, that the quality of work is in accordance with By: ___________________________________Date:_________________ said Contract Documents, and the Contractor is entitled to payment of the APPLICATION AND CERTIFICATE FOR PAYMENT 100 S. Myrtle Ave., Suite 220 This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the Contractor named herein. Issuance, payment and acceptance of payment are without prejudice to any rights of the Owner or Contractor under this Contract. Distribution to: Clearwater, Florida 33756 CONTRACTOR: 41,401.00$ 301,793.07$ (0.00)$ Biltmore Construction Co. Inc. Number Date Approved Page 1 City Hall Demolition Draw 6 Date Item No. Description Guaranteed Maximum Price Change Order Guaranteed Maximum Price Previous Amount Earned Amount this Draw Amount Earned to Date 1 General Conditions/Staffing 128,695.00$ 55,578.00$ 184,273.00$ 99,802.94$ -$ 99,802.94$ 2 Asphalt Repair 5,000.00$ 5,000.00$ -$ -$ -$ 3 Unforseen Abatement 15,000.00$ 15,000.00$ -$ -$ -$ 4 Abatement/Demolition 320,000.00$ 176,100.00$ 496,100.00$ 179,763.00$ -$ 179,763.00$ 5 Landscaping 8,000.00$ 8,000.00$ 8,000.00$ -$ 8,000.00$ 6 Irrigation 500.00$ 500.00$ -$ -$ -$ 7 Plumbing 5,000.00$ 5,000.00$ 4,150.00$ -$ 4,150.00$ 8 Electrical 5,000.00$ 5,000.00$ 1,577.13$ -$ 1,577.13$ 9 Project Sign 2,000.00$ 2,000.00$ -$ -$ -$ Subtotal Subcontractor Direct Costs 489,195.00$ 231,678.00$ 720,873.00$ 293,293.07$ -$ 293,293.07$ 10 Contingency 18,025.00$ 18,025.00$ 8,500.00$ -$ 8,500.00$ Total Direct Costs 507,220.00$ 231,678.00$ 738,898.00$ 301,793.07$ -$ 301,793.07$ 11 Liability Insurance 6,050.00$ 2,750.00$ 8,800.00$ 6,050.00$ -$ 6,050.00$ 12 Performance and Payment Bond 4,200.00$ 1,875.00$ 6,075.00$ 4,183.00$ -$ 4,183.00$ Bond & Insurance 10,250.00$ 4,625.00$ 14,875.00$ 10,233.00$ -$ 10,233.00$ 13 Preconstruction Service Fee 4,000.00$ 4,000.00$ 4,000.00$ -$ 4,000.00$ 14 Overhead & Profit 36,223.00$ 16,241.00$ 52,464.00$ 27,168.00$ -$ 27,168.00$ Subtotal 40,223.00$ 16,241.00$ 56,464.00$ 31,168.00$ -$ 31,168.00$ Total Guaranteed Maximum Price 557,693.00$ 252,544.00$ 810,237.00$ 343,194.07$ -$ 343,194.07$ Description of Items Paid by Contingency 18,025.00$ 18,025.00$ Tree Relocation 8,500.00$ -$ $ 8,500.00 -$ -$ $ - -$ -$ $ - -$ -$ $ - -$ -$ $ - -$ -$ Total Contingency 8,500.00$ -$ 8,500.00$ Total GMP $ 557,693.00 $ 252,544.00 $ 810,237.00 $ 343,194.07 $ - $ 343,194.07 Earned -$ 5% Retainage -$ Soft Earned -$ Invoice Amount -$ Remaining Balance Per Cent Comp 84,470.06$ 54% 5,000.00$ 0% 15,000.00$ 0% 316,337.00$ 36% -$ 100% 500.00$ 0% 850.00$ 83% 3,422.87$ 32% 2,000.00$ 0% 427,579.93$ 41% 9,525.00$ 47% 437,104.93$ 41% 2,750.00$ 69% 1,892.00$ 69% 4,642.00$ 69% -$ 100% 25,296.00$ 52% 25,296.00$ 55% 467,042.93$ 42% $ 9,525.00 47% $ 467,042.93 42% April 30, 2023 Change Order One DATE: May 16, 2023 PROJECT: PROJECT NUMBER:19-0009-EN City Hall Demolition PO REFERENCE: 22001241 CONTRACTOR: COUNCIL AWARD:September 1, 2022 Biltmore Construction Co., Inc.DATE OF CONTRACT:September 19, 2022 1055 Ponce De Leon Blvd Clearwater, FL 33756 CODE:3157519-530300-C2212 SCOPE: This Change Order Accepts Revisions to the Contract ACCEPTED BY: STATEMENT OF CONTRACT AMOUNT Biltmore Construction Co., Inc. ORIGINAL CONTRACT AMOUNT 557,693.00$ 252,544.00$ By: (SEAL) NEW CONTRACT AMOUNT 810,237.00$ Jeff Parker,Vice President Date: Witnesses: Brian J Aungst Sr,Mayor APPROVED AS TO FORM: Owen Kohler,Assistant City Attorney ATTEST: Recommended By: Rosemarie Call, City Clerk City of Clearwater Date: CITY OF CLEARWATER, in Joseph DeCicco, Project Manager PINELLAS COUNTY, FLORIDA Jennifer Poirrier, City Manager Tara Kivett, PE,City Engineer Change Order One City Hall Demolition ITEM DESCRIPTION UNIT QTY UNIT COST TOTAL COST Increases: 1 General Conditions/Staffing LS 0.4319 128,695.00 55,578.00 4 Abatement/Demolition LS 0.5503 320,000.00 176,100.00 11 Liability Insurance LS 0.4545 6,050.00 2,750.00 12 Performance and Payment Bond LS 0.4464 4,200.00 1,875.00 14 Overhead & Profit LS 0.4484 36,223.00 16,241.00 Total Increases:252,544.00 to increase items for abatement of additional unanticipated asbestos and removal of support footers and pilings. Change Order 1 - City Council 6/15/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0677 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Engineering Department Agenda Number: 2.2 SUBJECT/RECOMMENDATION: Approve a work order to Stantec of Clearwater, Florida, for former Elks Lodge Demolition (20-0037-CM) project in the amount of $127,190, pursuant to Request for Qualifications (RFQ) 26-19, Engineer of Record, and authorize the appropriate officials to execute same. (consent) SUMMARY: The former Elks Lodge is a two-story wood frame and block building located at 1011 Engman Street in Clearwater, Florida. It was constructed in 1955 and was in use until 2020. It is currently unoccupied. Based on the scope of this project and their experience with other similar projects, Stantec was selected to complete this work. This project will include asbestos abatement, permitting, building demolition, site grading and sod placement. Project is anticipated to take 60 days from notice to proceed dependent on demo scheduling and permitting timeline. APPROPRIATION CODE AND AMOUNT: 0107010-560300, Land Development $127,190 Funding for this work order will be provided by a transfer of CDBG revenues from special program G2302, Economic Development 2023, to the General Fund to account for this land improvement. Page 1 City of Clearwater Printed on 6/8/2023 City of Clearwater Consultant Work Order Page 1 of 5 Revised: 11/28/2022 CONSULTANT WORK ORDER Date: April 3, 2023 1.PROJECT INFORMATION: Project Title: Elks Lodge – Asbestos Abatement and Structure Demo City Project Number: City Plan Set Number: TBD Consultant Project Number: TBD 2.SCOPE OF SERVICES: A technical work plan was developed in 2022 by Greenfield Environmental Inc. (Greenfield) that outlined the requirements for the asbestos removal and total demolition of the former Elks Lodge structure. A walk-thru was conducted with the selected contractor to indicate the asbestos-containing materials to be removed. Asbestos Abatement and Structure Demolition Greenfield will revise the work plan to outline the requirements for the asbestos removal and structure demolition; showing the exact materials that will need to be properly removed. The selected contractor will provide all notifications and associated fees to the local regulatory agency and will remove all the asbestos containing materials identified at the structure, as well as total demolition. Wet removal methods and negative pressure enclosures will be utilized for all asbestos removal. Wet dust control measures will be utilized during all demolition activities. The contractor will also be responsible for all utility disconnects. The contractor will also provide all associated asbestos and demolition waste manifests (transport and disposal) at project completion. Project Management and Oversight With Stantec’s oversight, Greenfield will inspect the work areas in order to insure safe work practices and proper asbestos removal and demolition techniques. The on-site industrial hygienist (Greenfield personnel) will: (1) Maintain on-site records consisting of project progress, number of workmen employed, visitors to the project, problems 20-0037-CM CONSULTANT WORK ORDER Elks Lodge Asbestos Abatement and Demolition Stantec City Project No. (TBD) City of Clearwater Consultant Work Order Page 2 of 5 Revised: 11/28/2022 encountered and changes authorized by the owner; (2) Ensure proper asbestos abatement and demolition procedures and safety compliance. The industrial hygienist's schedule will be coordinated to coincide with the contractor's schedule. Final Report This will include the assembly and evaluation of all data obtained during the project into a final report. Included will be a daily chronology of work observations as well as a summary of all activities conducted during the project. No CAD work is being conducted as part of this Scope of Services. 3.PROJECT GOALS: Full structure demolition with asbestos abatement, oversight with reporting. Deliverable will be an electronic submittal in pdf format.4.FEES: See Attachment A. This price includes all labor and expenses anticipated to be incurred by Stantec for the completion of these tasks in accordance with Professional Services Method “B” –Lump Sum – Percentage of Completion by Task, for a fee not to exceed one hundred twenty- seven thousand, one hundred ninety dollars ($127,190.00). No permit application fees are proposed for this Scope of Services.5.SCHEDULE: The tasks will likely be completed within 60 days from notice-to-proceed (pending demolition contractor permitting and scheduling). Project deliverables will be delivered upon completion of the project (no phased documents/plans).6.STAFF ASSIGNMENT: Consultant’s project correspondence shall be directed to: Shawn Lasseter – Project Manager (727) 580-5259 or Greg Schultz, PE (Director). All City project correspondence shall be directed to: Joe DeCicco, Sr. Environmental Specialist CONSULTANT WORK ORDER Elks Lodge Asbestos Abatement and Demolition Stantec City Project No. (TBD) City of Clearwater Consultant Work Order Page 3 of 5 Revised: 11/28/2022 7.CORRESPONDENCE/REPORTING PROCEDURES: Consultant’s project correspondence shall be directed to: Shawn Lasseter (shawn.lasseter@stantec.com) with copies to Consultant’s designated Project Director Greg Schultz, PE: greg.schultz@stantec.com All City project correspondence shall be directed to: Joe DeCicco: Joseph.DeCicco@MyClearwater.com and/or (727) 562-4745 with copies to others as may be appropriate 8.INVOICING/FUNDING PROCEDURES: City Invoicing Code: 1817554-582000-G2302 For work performed, invoices shall be submitted to: ATTENTION: JAMIE GAUBATZ, SR ACCOUNTANT CITY OF CLEARWATER, PUBLIC WORKS DEPARTMENT/ ENGINEERING PO BOX 4748 CLEARWATER, FLORIDA 33758-4748 Contingency services will be billed as incurred only after written authorization provided by the City to proceed with those services. 9.INVOICING PROCEDURES: At a minimum, in addition to the invoice amount(s) the following information shall be provided on all invoices submitted on the Work Order: 1.Purchase Order, Project and Invoice Numbers and Contract Amount. 2.The time period (begin and end date) covered by the invoice. 3.A short narrative summary of activities completed in the time period. 4.Contract billing method – Lump Sum or Hourly Rate. 5.If Lump Sum, the percent completion, amount due, previous amount earned and total earned to date for all tasks (direct costs, if any, shall be included in lump sum amount). 6.If Hourly Rate, hours, hourly rates, names of individuals being billed, amount due, previous amount earned, the percent completion, total earned to date for each task and other direct costs (receipts will be required for any single item with a cost of $50 or greater or cumulative monthly expenses greater than $100). 7.If the Work Order is funded by multiple funding codes, an itemization of tasks and invoice amounts by funding code. CONSULTANT WORK ORDER Elks Lodge Asbestos Abatement and Demolition Stantec City Project No. (TBD) City of Clearwater Consultant Work Order Page 4 of 5 Revised: 11/28/2022 10.CONSIDERATIONS: Consultant acknowledges the following: 1.The Consultant named above is required to comply with Section 119.0701, Florida Statutes, where applicable. 2.All City directives shall be provided by the City Project Manager. 3.“Alternate equals” shall not be approved until City Project Manager agrees. 4.All submittals must be accompanied by evidence each has been internally checked for QA/QC before providing to City. 5.Consultants/Contractors are not permitted to use City-owned equipment (i.e. sampling equipment, etc.). 6.Documents posted on City website must ADA accessible. 11.ADDITIONAL CONSIDERATIONS: All work orders should include considerations for the following: 1.Sea Level Rise and Flood Resilience, as applicable. 2.Submittal of a Critical Path Method (CPM) Schedule(s). 3.Submittal of a Project Catalog with the following items, as appropriate: a.Data requests, assumptions, critical correspondence, meeting agenda, sign-in sheets, meeting minutes, document comment-response log(s), technical memorandum/reports, addenda, progress reports, regulatory correspondence, and other project-related documents. b.If construction project, also include design plans, conformed plans, change orders, field orders, RFIs, work change directives, addenda, progress reports, shop drawing and progress submittals, as-builts, record drawings, and other project-related documents such as O&M manuals and warranty information. c.At the conclusion of the project, ENGINEER will combine this information into a Project Catalog and submit to the City for review and comment. 4.Arc Flash labeling requirements: a.All electrical designs and construction shall adhere to NFPA 70 E “Standard for Electrical Safety in the Workplace”. b.Updated calculations of Fault and Arc Flash, and provisions for new or updated Arc Flash equipment labeling shall be included in the contract documents. 12.SPECIAL CONSIDERATIONS: Deliverables and/or email updates associated with this investigation will be considered the progress reports for invoicing purposes. CONSULTANT WORK ORDER Elks Lodge Asbestos Abatement and Demolition Stantec City Project No. (TBD) City of Clearwater Consultant Work Order Page 5 of 5 Revised: 11/28/2022 13.SIGNATURES: APPROVED BY: Greg Schultz, PE Tara Kivett, P.E. Sr. Principal, Branch Manager City Engineer Stantec City of Clearwater April 3, 2023 Date Date PREPARED BY: Shawn Lasseter Sr. Project Manager Stantec April 3, 2023 Date ATTACHMENT “A” CONSULTANT WORK ORDER – PROJECT FEES TABLE Elks Lodge Asbestos Abatement and Demolition Stantec City Project Number (TBD) City of Clearwater Consultant Work Order – City Deliverables Page 1 of 1 Revised: 11/28/2022 CONSULTANT WORK ORDER PROJECT FEES TABLE Task Description Subconsultant Services Labor Total 1.0 Asbestos Abatement/Demolition, Oversight & Demolition Cost Stantec Labor $0 $6,000 $6,000 Greenfield Environmental $2,500 $0 $2,500 JVS Contracting, Inc. (includes sodding) $100,600 $0 $100,600 Subtotal $109,100 2.0 Reporting Stantec Labor $0 $500 $500 Greenfield Environmental $1,000 $0 $1,000 Subtotal $1,500 Tasks 1 and 2 Subtotal $110,600 3.0 15% Contingency $16,590 Grand Total $127,190 1.1 1.2 1.3 2.1 2.2 ENGMAN ST LA SALLE STPENNSYLVANIA AVETANGERINE ST N MARTIN LUTHER KING, JR. AVEENGMAN ST 1304 1209 110811071203 1300 111111121215 11091355 1002111112041017 11171309 1306 1205 111410051110110711161200 100111131207 11081117111013031006 11151116110910031201 1301 111411061302 1220 1105101110071304 1205 1313 Document Path: C:\Users\Wioletta.Dabrowski\City of Clearwater\Engineering Geographic Technology - Documents\GIS\Engineering\Location Maps\ElkLodge\ElksLodge.aprx Prepared by: Engineering DepartmentGeographic Technology Division100 S. Myrtle Ave, Clearwater, FL 33756Ph: (727)562-4750, Fax: (727)526-4755 www.MyClearwater.com Elks Lodge Demolition 1011 Engman St. Project Number: 20-0037-CM ² N.T.S.Scale:Aerial Flown 2023 Page 1 of 1WDMap Gen By:JDReviewed By:Date:5/19/2023 AERIAL MAP DEMOLITION AREA Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0678 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Engineering Department Agenda Number: 2.3 SUBJECT/RECOMMENDATION: Approve Change Order 2 to Skanska USA Building, Inc., of Tampa, FL, for Imagine Clearwater Flatwork and Vertical Construction (17-0031-EN) in the amount of $887,847.46, increasing the contract from $ 57,270,250 to $58,158,097.46, and authorize the appropriate officials to execute same. (consent) SUMMARY: December 19, 2019, City Council approved RFQ #52-19 selecting Skanska as Construction Manager at Risk to provide construction services for Imagine Clearwater and approve a proposal for Pre-Construction services in the amount of $425,000.00 to include design review and construction cost estimating. The project construction contract is divided into three phases as three separate Guaranteed Maximum Price (GMPs). September 3, 2020, City Council approved GMP #1 for $1,184,090.00 to relocate Duke Energy infrastructure to support the future park buildings and infrastructure. April 15, 2021, City Council approved GMP #2 for $12,943,812.00 to Skanska for demolition, sitework and installation of utilities infrastructure. July 15, 2021, City Council approved GMP #3 for $55,370,250.00 to Skanska for flatwork and vertical construction, the main scope of the project. October 6, 2022, City Manager approved Administrative Change Orders (CO)1 to GMP #2 in the amount of $500,000 for utility conflicts and abandoned underground structures and to GMP #3 in the amount of $1,900,000 for revisions in the audio/video, canopy gutter system and unforeseen underground conflicts and abandoned structures. CO 2 for GMP 3 is funded by the remaining dollars in the overall project budget. GMP #1, the relocation of Duke Energy infrastructure, has savings of $74,523.58 and GMP #2, the demolition, sitework and installation of utilities infrastructure portion, has savings of $813,323.88, for a total of $887,847.46 in project savings, to be transferred to GMP #3 by this proposed CO 2. CO 2 will utilize the other GMP savings to fund remaining additional items as necessary to complete the Project such as canopy conduit structural supports, mega column canopy cladding, landscape and irrigation changes, additional asphalt at existing Pierce St., soundwall louver revisions, torchier burner concealment, and portable seating labor, as well as any additional work associated with changes and additions to prepare the bandshell and site for the opening of Coachman Park and the upcoming shows. The overall construction budget for the Project remains at the approved amount of $71,898,152.. Substantial completion is scheduled for June 28, 2023. APPROPRIATION CODE AND AMOUNT: ENGF180013-CONS-CNSTRC $887,847.46 Funds are available in capital improvement project ENGF180013, Imagine Clearwater, to fund Page 1 City of Clearwater Printed on 6/8/2023 File Number: ID#23-0678 CO 2. Page 2 City of Clearwater Printed on 6/8/2023 To:City of Clearwater Project: Imagine Clearwater: Flatwork &Application:24 Engineering -Tim Kurtz, Construction Manager Vertical Construction ___ OWNER Contract No:17-0031-EN3 Period to:5/31/2023 ___ ARCHITECT Contract Date:9/8/2020 ___ CONTRACTOR PO:21000986 ___ ENGINEER From: Skanska USA Building Inc. 400 N Ashley Drive, Suite 400 Tampa, FL 33602 CHANGE ORDER SUMMARY Application is made for payment, as shown below, in connection with the Contract. Change Orders approved in ADDITIONS DELETIONS Continuation Sheet is attached. previous months by Owner TOTAL -$ -$ 1 Original Contract Sum 55,370,250.00$ Approved this month 2 Net Change by Change Orders 2,787,847.46$ 3 Contract Sum to Date (Line 1 + 2)58,158,097.46$ ODP (7,603,052.67)$ 4 Total Completed 39,785,434.10$ Admin Change Order 1 - City Manager 1,900,000.00$ Work w/o Retainage 4,013,318.48$ Change Order 2 - City Council 6/15/2023 887,847.46$ Work with Retainage 35,772,115.63$ 5 Retainage 1,788,605.79$ TOTALS 2,787,847.46$ (7,603,052.67)$ (5% of completed work) Net Change by Change Orders (4,815,205.21)$ 6 Total Earned Less Retainage 37,996,828.31$ (Line 4 less Line 5 Total) The undersigned Contractor certifies that to the best of the 7 Less Previous Certificates for Payment 34,626,942.14$ Contractor's knowledge, information and belief, the work covered (Line 6 from prior certificate) by this Application for Payment has been completed in accordance 8 Current Payment Due (Line 6 less line 7)3,369,886.17$ with the Contract Documents, that all amounts have been paid by 9 Balance to Finish, Plus Retainage 20,161,269.15$ the Contractor for work for which previous Certificates for (Line 3 less line 6) Payment were issued and payments received from the Owner, and that current payment shown herein is now due. Skanska USA Building Inc Signature:Print Name:Date: ARCHITECT'S CERTIFICATE FOR PAYMENT AMOUNT CERTIFIED: 3,369,886.17$ (Attach explanation if amount certified differs from that applied for) Pete Katamitsanis, Invision Advisors Kathleen Herrington, Stantec Tim Kurtz, Construction Manager By: ___________________________________Date:_________________ In accordance with the Contract Documents, based on onside observations and the data comprising the above application, the Architect/Engineer certifies to the Owner that to the best of his/her knowledge, information and belief, the Work has progressed as indicated, that the quality of work is in accordance with said Contract Documents, and the Contractor is entitled to payment of the This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the Contractor named herein. Issuance, payment and acceptance of payment are without prejudice to any rights of the Owner or Contractor under this Contract. APPLICATION AND CERTIFICATE FOR PAYMENT Distribution to: 100 S. Myrtle Ave., Suite 220 Clearwater, Florida 33756 Number Date Approved CONTRACTOR: Page 1 Page 1 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance 100.01112500.5010.003 General Conditions (10 mths)2,079,662.00$ 2,079,662.00$ 1,663,728.00$ 0.00 -$ 0.80 1,663,728.00$ 415,934.00$ 110 Insurance & Bonding 0.00 110.01911000.5031.003 Bond @ 0.41%226,091.00$ 7,218.98$ 3,625.31$ 236,935.29$ 225,843.19$ 0.00 -$ 0.95 225,843.19$ 11,092.10$ 110.01912000.5040.003 Subcontractor Default Insurance @ 1.42%662,294.00$ 25,002.32$ 11,679.96$ 698,976.28$ 673,973.96$ 0.00 -$ 0.96 673,973.96$ 25,002.32$ 110.01922500.5040.003 CCIP @ 2.58%1,428,552.00$ 45,426.74$ 21,221.33$ 1,495,200.07$ 1,449,773.33$ 0.00 -$ 0.97 1,449,773.33$ 45,426.74$ Total General Conditions, Insurance, & Bonding 4,396,599.00$ -$ 77,648.04$ 36,526.60$ 4,510,773.64$ 4,013,318.48$ -$ 0 4,013,318.48$ 497,455.16$ 200 Cost of Work 200.01320000.5040.003 Survey 100,000.00$ 100,000.00$ 95,589.48$ 0.00 -$ 0.96 95,589.48$ 4,410.52$ 200.01330500.5040.003 Material Testing -$ -$ -$ 0.00 -$ --$ -$ 200.01403000.5020.003 General Cleanup 215,000.00$ 215,000.00$ 64,249.16$ 0.00 -$ 0.30 64,249.16$ 150,750.84$ 200.01405500.5020.003 Final Cleaning 22,500.00$ 22,500.00$ -$ 0.00 -$ --$ 22,500.00$ 200.01500000.5020.003 General Requirements 102,786.00$ 102,786.00$ 88,294.36$ 0.00 -$ 0.86 88,294.36$ 14,491.64$ 200.02000000.5020.003 Earthwork / Grading / Utilities (GMP 2) (31A, C & D) 251,474.00$ 251,474.00$ 192,348.29$ 0.00 -$ 0.76 192,348.29$ 59,125.71$ 200.02350000.5020.003 Deep Foundations (31B)1,156,600.00$ (512,120.75)$ 644,479.25$ 632,729.25$ 0.00 -$ 0.98 632,729.25$ 11,750.00$ 200.02700005.5020.003 Asphalt Paving / Curb & Gutter / Striping & Signage (32B) 827,649.00$ (15,566.66)$ 21,576.26$ 833,658.60$ 697,758.74$ 0.00 -$ 0.84 697,758.74$ 135,899.86$ 200.02820000.5020.003 Site Improvements (Fences & Gates) (32A)169,855.00$ 169,855.00$ -$ 0.00 -$ --$ 169,855.00$ 200.02870030.5020.003 Site Furnishings (Benches, Chairs, Bike Racks, Table Sets, Trash Rec.) (32D) 311,396.00$ 311,396.00$ 270,000.00$ 0.00 -$ 0.87 270,000.00$ 41,396.00$ 200.02880000.5020.003 Synthetic Turf (32E)304,800.00$ 304,800.00$ 198,000.00$ 0.00 -$ 0.65 198,000.00$ 106,800.00$ 200.02880020.5020.003 Playground Equipment (11E)1,260,830.00$ 1,260,830.00$ 1,192,066.00$ 0.00 -$ 0.95 1,192,066.00$ 68,764.00$ 200.02925000.5020.003 Landscape / Irrigation (32C)1,498,396.00$ 62,230.00$ 1,560,626.00$ 1,021,797.52$ 0.00 -$ 0.65 1,021,797.52$ 538,828.48$ 200.03011005.5020.003 CIP Concrete (Buildings) (03A)2,371,200.00$ (829,067.51)$ 1,542,132.49$ 1,523,301.10$ 0.00 -$ 0.99 1,523,301.10$ 18,831.39$ 200.03013005.5020.003 Miscellaneous Feature / Amenity Foundations (Shade Structures, Torchiers, Etc.) (03H) 345,000.00$ 345,000.00$ 302,457.38$ 0.00 -$ 0.88 302,457.38$ 42,542.62$ 200.03025031.5020.003 Select Retaining Walls (Gateway, Pond, & South Bluff Retaining Walls) (03G) 744,500.00$ (266,678.34)$ 477,821.66$ 477,821.66$ 0.00 -$ 1.00 477,821.66$ -$ 200.03302000.5020.003 Concrete Flatwork / Hardscape / Standard Retaining Walls (03F) 3,548,087.00$ (815,336.88)$ 94,479.00$ 2,827,229.12$ 2,104,845.13$ 0.00 -$ 0.74 2,104,845.13$ 722,383.99$ 200.04200030.5020.003 Masonry (04A)472,096.00$ 472,096.00$ 446,506.00$ 0.00 -$ 0.95 446,506.00$ 25,590.00$ 200.05120000.5020.003 Structural Steel & Misc. Steel (05A)498,611.00$ (182,189.80)$ 201,183.00$ 517,604.20$ 315,071.80$ 0.00 -$ 0.61 315,071.80$ 202,532.40$ 200.05520000.5020.003 Ornamental Metals / Railings (05B)291,813.00$ 291,813.00$ 64,623.20$ 0.00 -$ 0.22 64,623.20$ 227,189.80$ 200.05700000.5020.003 Decorative Metals for Park Elements (05C)459,479.00$ 459,479.00$ 443,885.12$ 0.00 -$ 0.97 443,885.12$ 15,593.88$ 200.05730000.5020.003 Torchiers (05D)572,848.00$ (117,192.23)$ 76,004.13$ 531,659.90$ 455,655.77$ 0.00 -$ 0.86 455,655.77$ 76,004.13$ 200.06050050.5020.003 Wood Structures (Lake Bridge) (06D)189,750.00$ 189,750.00$ 181,898.00$ 0.00 -$ 0.96 181,898.00$ 7,852.00$ 200.06220000.5020.003 Millwork / Finish Carpentry (06B)254,297.00$ 254,297.00$ 114,747.20$ 0.00 -$ 0.45 114,747.20$ 139,549.80$ 200.07100000.5020.003 Waterproofing & Caulking (07A)243,547.00$ 243,547.00$ 111,327.65$ 0.00 -$ 0.46 111,327.65$ 132,219.35$ 200.07250000.5020.003 Fireproofing (07D)56,838.00$ 56,838.00$ 50,988.00$ 0.00 -$ 0.90 50,988.00$ 5,850.00$ 200.07500000.5020.003 Roofing (07B)326,976.00$ 326,976.00$ 322,402.40$ 0.00 -$ 0.99 322,402.40$ 4,573.60$ 200.08100000.5020.003 Doors / Frames / Hardware (08A)249,745.00$ 249,745.00$ 240,177.10$ 0.00 -$ 0.96 240,177.10$ 9,567.90$ 200.08360000.5020.003 Overhead Doors (08F)13,614.00$ 13,614.00$ 13,614.00$ 0.00 -$ 1.00 13,614.00$ -$ 200.08800000.5020.003 Glass & Glazing (08C)327,636.00$ 327,636.00$ 268,393.04$ 0.00 -$ 0.82 268,393.04$ 59,242.96$ 200.09250000.5020.003 Framing, Drywall & Stucco (09A)1,650,692.00$ (286,105.48)$ 1,364,586.52$ 1,265,869.21$ 0.00 -$ 0.93 1,265,869.21$ 98,717.31$ 200.09510000.5020.003 Acoustical Ceilings & Wall Panels (09B)314,035.00$ (173,411.68)$ 140,623.32$ 137,527.44$ 0.00 -$ 0.98 137,527.44$ 3,095.88$ 200.09650000.5020.003 Resilient Flooring / Carpet (09E)51,700.00$ (12,272.81)$ 39,427.19$ -$ 0.00 -$ --$ 39,427.19$ 200.09650030.5020.003 Tile (09C)246,948.00$ 246,948.00$ 65,292.63$ 0.00 -$ 0.26 65,292.63$ 181,655.37$ 200.09900000.5020.003 Painting & Wallcoverings (09I)120,409.00$ 120,409.00$ 48,373.50$ 0.00 -$ 0.40 48,373.50$ 72,035.50$ 200.10260000.5020.003 Wall & Door Protection (10G)24,059.00$ 24,059.00$ 24,059.00$ 0.00 -$ 1.00 24,059.00$ -$ 200.10430000.5020.003 Signage (Site Mounted & Wayfinding Signage) (10J) 166,998.00$ 166,998.00$ -$ 0.00 -$ --$ 166,998.00$ 200.10440000.5020.003 Signage (Interior & Building ID Signage) 30,204.00$ 30,204.00$ -$ 0.00 -$ --$ 30,204.00$ 200.10520000.5020.003 Fire Protection Specialties (10D)5,684.00$ 5,684.00$ 5,684.00$ 0.00 -$ 1.00 5,684.00$ -$ 200.10530020.5020.003 Aluminum Walkway Canopies (10H)100,742.00$ 100,742.00$ 100,742.00$ 0.00 -$ 1.00 100,742.00$ -$ May 31, 2023 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance May 31, 2023 200.10800000.5020.003 Toilet Partitions & Bathroom Accessories (10A) 148,646.00$ 148,646.00$ 148,646.00$ 0.00 -$ 1.00 148,646.00$ -$ 200.11060000.5020.003 Theater / Stage Equipment (11F)192,490.00$ (184,540.00)$ 7,950.00$ -$ 0.00 -$ --$ 7,950.00$ 200.11160000.5020.003 Loading Dock Equipment (11D)29,227.00$ 29,227.00$ 29,227.00$ 0.00 -$ 1.00 29,227.00$ -$ 200.12620001.5020.003 Portable Audience Seating Set-Up -$ 85,568.33$ 85,568.33$ -$ 0.00 -$ --$ 85,568.33$ 200.13120000.5020.003 Engineered Seating Canopy (Bandshell) 8,872,300.00$ 8,872,300.00$ 8,779,473.52$ 0.00 -$ 0.99 8,779,473.52$ 92,826.48$ 200.13120010.5020.003 Engineered Shade Structures (13F)490,800.00$ 490,800.00$ 353,953.25$ 0.00 -$ 0.72 353,953.25$ 136,846.75$ 200.13120020.5020.003 Picnic Pavilion (13G)147,903.00$ 147,903.00$ 48,171.58$ 0.00 -$ 0.33 48,171.58$ 99,731.42$ 200.13165000.5020.003 Water Features (13E)2,404,218.00$ 2,404,218.00$ 2,082,838.48$ 0.00 -$ 0.87 2,082,838.48$ 321,379.52$ 200.14200000.5020.003 Elevators (14A)124,565.00$ 124,565.00$ 124,565.00$ 0.00 -$ 1.00 124,565.00$ -$ 200.14430000.5020.003 Audience Seating Platforms (11J)45,672.00$ 45,672.00$ 11,000.00$ 0.00 -$ 0.24 11,000.00$ 34,672.00$ 200.15300000.5020.003 Fire Sprinklers (21A)103,087.00$ 103,087.00$ 63,715.80$ 0.00 -$ 0.62 63,715.80$ 39,371.20$ 200.15400000.5020.003 Plumbing (22A)1,058,558.00$ (140,632.31)$ 917,925.69$ 829,263.81$ 0.00 -$ 0.90 829,263.81$ 88,661.88$ 200.15700000.5020.003 HVAC (23A)476,400.00$ (99,943.60)$ 376,456.40$ 288,015.23$ 0.00 -$ 0.77 288,015.23$ 88,441.17$ 200.16000000.5020.003 Electrical (26A)6,134,680.00$ (3,599,894.52)$ 281,491.51$ 2,816,276.99$ 1,395,663.33$ 0.00 -$ 0.50 1,395,663.33$ 1,420,613.66$ 200.25106000.5020.003 Water Intrusion Consultant -$ -$ -$ 0.00 -$ --$ -$ $ 850 Allowances 850.01330500.5040.003 Material Testing Allowance 250,000.00$ 250,000.00$ 213,812.14$ 0.00 -$ 0.86 213,812.14$ 36,187.86$ 850.01334000.5040.003 3rd Party Inspections of Door & Frames Assemblies Allowance (08A) 3,500.00$ 3,500.00$ 3,500.00$ 0.00 -$ 1.00 3,500.00$ -$ 850.01591000.5040.003 Temporary Power, Water & Gas Allowance 100,000.00$ 100,000.00$ 35,679.99$ 0.00 -$ 0.36 35,679.99$ 64,320.01$ 850.02000000.5040.003 Additional Tree Barricades and Root Pruning - Addendum 4 Allowance (31A, C & D) 25,000.00$ 25,000.00$ 2,640.00$ 0.00 -$ 0.11 2,640.00$ 22,360.00$ 850.02820000.5040.003 Site Fences and Gates Revisions - Addendum 4 Allowance (32A) 140,000.00$ 140,000.00$ 65,212.00$ 0.00 -$ 0.47 65,212.00$ 74,788.00$ 850.02870050.5040.003 Trash / Recycling Receptacles & Precast Boxes Install Allowance (Alternate 31) 650,000.00$ 650,000.00$ 650,000.00$ 0.00 -$ 1.00 650,000.00$ -$ 850.02925000.5040.003 Irrigation Revisions - Addendum 4 Allowance (32C) 5,000.00$ 5,000.00$ 5,000.00$ 0.00 -$ 1.00 5,000.00$ -$ 850.03011005.5040.003 Secondary Concrete Pour at Bandshell Curved Stair to Rooftop Terrace Allowance 20,000.00$ 20,000.00$ 20,000.00$ 0.00 -$ 1.00 20,000.00$ -$ 850.03013005.5040.003 New Artwork Foundation Allowance (03H)15,000.00$ 15,000.00$ 15,000.00$ 0.00 -$ 1.00 15,000.00$ -$ 850.03025010.5040.003 Purchase & Store CIP Materials Allowance (03A) 20,000.00$ 20,000.00$ 20,000.00$ 0.00 -$ 1.00 20,000.00$ -$ 850.03025031.5040.003 Purchase & Store Retaining Walls Materials Allowance (03G) 35,000.00$ 35,000.00$ 35,000.00$ 0.00 -$ 1.00 35,000.00$ -$ 850.04200030.5040.003 Masonry Materials Escalation Allowance (04A) 3,300.00$ 3,300.00$ 3,300.00$ 0.00 -$ 1.00 3,300.00$ -$ 850.05120000.5040.003 Structural Steel & Misc. Steel Materials Escalation Allowance (05A) 65,000.00$ 65,000.00$ 65,000.00$ 0.00 -$ 1.00 65,000.00$ -$ 850.05700000.5040.003 Decorative Metals for Park Elements Materials Escalation Allowance (05C) 40,188.00$ 40,188.00$ 40,188.00$ 0.00 -$ 1.00 40,188.00$ -$ 850.05730000.5040.003 Torchiers Materials Escalation Allowance (05D) 46,700.00$ 46,700.00$ -$ 0.00 -$ --$ 46,700.00$ 850.06400170.5040.003 Barn Door & Hardware Allowance (05C)73,168.00$ 73,168.00$ 56,000.00$ 0.00 -$ 0.77 56,000.00$ 17,168.00$ 850.07100000.5040.003 Waterproofing & Caulking Materials Escalation Allowance (07A) 3,300.00$ 3,300.00$ 3,300.00$ 0.00 -$ 1.00 3,300.00$ -$ 850.07500000.5040.003 Roofing Materials Escalation Allowance 8,400.00$ 8,400.00$ 365.32$ 0.00 -$ 0.04 365.32$ 8,034.68$ 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance May 31, 2023 850.08100000.5040.003 Doors / Frames / Hardware Materials Escalation Allowance (08A) 3,000.00$ 3,000.00$ 3,000.00$ 0.00 -$ 1.00 3,000.00$ -$ 850.08360000.5040.003 Overhead Doors Materials Escalation Allowance (08F) 500.00$ 500.00$ 500.00$ 0.00 -$ 1.00 500.00$ -$ 850.08800000.5040.003 Glass & Glazing Materials Escalation Allowance (08C) 31,219.00$ 31,219.00$ 31,219.00$ 0.00 -$ 1.00 31,219.00$ -$ 850.09250000.5040.003 Framing, Drywall & Stucco Materials Escalation Allowance (09A) 25,000.00$ 25,000.00$ 25,000.00$ 0.00 -$ 1.00 25,000.00$ -$ 850.09650000.5040.003 Resilient Flooring / Carpet Materials Escalation Allowance (09E) 7,000.00$ 7,000.00$ 7,000.00$ 0.00 -$ 1.00 7,000.00$ -$ 850.09650030.5040.003 Tile Material Escalation Allowance (09C)15,000.00$ 15,000.00$ 15,000.00$ 0.00 -$ 1.00 15,000.00$ -$ 850.10220000.5040.003 Mechanical Equipment Enclosure & Louvers at Bandshell Bldg. Allowance (09B) 149,385.00$ 149,385.00$ 149,385.00$ 0.00 -$ 1.00 149,385.00$ -$ 850.10430000.5040.003 Signage (Site Mounted & Wayfinding Signage) Materials Escalation Allowance (10J) 27,181.00$ 27,181.00$ 27,181.00$ 0.00 -$ 1.00 27,181.00$ -$ 850.10440000.5040.003 Signage (Interior & Building ID Signage) Materials Escalation Allowance (10B) 2,200.00$ 2,200.00$ 2,200.00$ 0.00 -$ 1.00 2,200.00$ -$ 850.10530020.5040.003 Aluminum Walkway Canopies Materials Escalation Allowance (10H) 8,700.00$ 8,700.00$ 8,700.00$ 0.00 -$ 1.00 8,700.00$ -$ 850.11060000.5040.003 Theater / Stage Equipment Materials Escalation Allowance (11F) 28,100.00$ 28,100.00$ 28,100.00$ 0.00 -$ 1.00 28,100.00$ -$ 850.11130000.5040.003 AV Allowance (26A)1,000,000.00$ (94,061.80)$ 905,938.20$ 890,100.04$ 0.00 -$ 0.98 890,100.04$ 15,838.16$ 850.11130010.5040.003 AV and Gutter Allowance 1,760,726.53$ 1,760,726.53$ 651,439.84$ 0.00 -$ 0.37 651,439.84$ 1,109,286.69$ 850.11160000.5040.003 Loading Dock Equipment Materials Escalation Allowance (11D) 2,800.00$ 2,800.00$ 2,800.00$ 0.00 -$ 1.00 2,800.00$ -$ 850.12620000.5040.003 Moveable Seating Allowance (Alternate 30)1,300,000.00$ (727,155.05)$ 572,844.95$ 315,964.10$ 0.00 -$ 0.55 315,964.10$ 256,880.85$ 850.13165000.5040.003 Fiberglass Reinforced Plaster Grate (Item 1.6B) at Water Features Allowance (13E) 15,000.00$ 15,000.00$ 15,000.00$ 0.00 -$ 1.00 15,000.00$ -$ 850.13640000.5040.003 Solar Panels at Buildings Allowance (Alternate 29) 250,000.00$ 250,000.00$ 124,553.19$ 0.00 -$ 0.50 124,553.19$ 125,446.81$ 850.15700000.5040.003 HVAC Materials Escalation Allowance (23A)22,400.00$ 22,400.00$ 22,400.00$ 0.00 -$ 1.00 22,400.00$ -$ 850.16120000.5040.003 Two (2) Conduits with Multi-mode fiber cable to each Wayfinding Sign 1 Allowance (26A) 100,000.00$ 100,000.00$ 100,000.00$ 0.00 -$ 1.00 100,000.00$ -$ 850.16130000.5040.003 Post Mounted Receptacles at Vendor Tents - Addendum 4 Allowance (26A) 15,000.00$ 15,000.00$ 15,000.00$ 0.00 -$ 1.00 15,000.00$ -$ 850.16140000.5040.003 CRP, PV and EP Theatrical Box/Conduit Allowance (26A) 93,194.00$ 93,194.00$ 93,194.00$ 0.00 -$ 1.00 93,194.00$ -$ 850.16510000.5040.003 Cove Lights, Liner Wall Washer & RGBW Film Light at Bandshell Multipurpose Room Allowance (26A) 30,000.00$ 30,000.00$ 30,000.00$ 0.00 -$ 1.00 30,000.00$ -$ 850.16510020.5040.003 LED Light Sheet at Bandshell Multipurpose Room Allowance (26A) 15,000.00$ 15,000.00$ 15,000.00$ 0.00 -$ 1.00 15,000.00$ -$ 850.16700020.5040.003 Security Camera Infrastructure Allowance (26A) 75,000.00$ 75,000.00$ 57,489.14$ 0.00 -$ 0.77 57,489.14$ 17,510.86$ Sales Tax DO NOT USE UNTIL CHANGE ORDER IS COMPLETE 453,116.76$ 453,116.76$ -$ 0.00 -$ --$ 453,116.76$ 900.26500000.4400.003 Fee 1,642,418.00$ 61,625.43$ 28,788.63$ 1,732,832.06$ 1,364,603.63$ 0.00 -$ 0.79 1,364,603.63$ 368,228.43$ Total Cost of Work 46,488,993.00$ (7,603,052.67)$ 1,822,351.96$ 851,320.86$ 41,559,613.15$ 32,921,454.52$ -$ 32,921,454.52$ 8,638,158.63$ Subtotal 50,885,592.00$ (7,603,052.67)$ 1,900,000.00$ 887,847.46$ 46,070,386.79$ 36,934,772.99$ -$ 36,934,772.99$ 9,135,613.80$ 850.23900300.5040.003 Owner Contingency 2,690,795.00$ 2,690,795.00$ 2,046,246.36$ -$ -2,046,246.36$ 644,548.64$ 800.23900200.5040.003 Contractors Contingency 1,793,863.00$ 1,793,863.00$ 804,414.75$ -$ -804,414.75$ 989,448.25$ Total Contract 55,370,250.00$ (7,603,052.67)$ 1,900,000.00$ 887,847.46$ 50,555,044.79$ 39,785,434.10$ -$ 39,785,434.10$ 10,769,610.69$ 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance May 31, 2023 Owner's Contingency Items 2,690,795.00$ -$ -$ 2,690,795.00$ 200.02350000.5020.003 Deeper Micro Piles AR062 CE#141 Keller (200.023500000 $324,569, 110.2 $4,608.88, 900 $11,359.92) 340,537.80$ 340,537.80$ 0.00 $ - 1 $ 340,537.80 200.07100000.5020.003 Waterproofing/Dampproofing AR 050 CE#123 ServPaint Lines 1-6(200.07100000 $67,115, 110.2 $953.03, 900 $2,349.03) 70,417.06$ 53,327.99$ 0.00 $ - 0.76 $ 53,327.99 200.03025031.5020.003 Unsuitable Soils AR 060 CE#125 SP2 CO#2 ($13,082 110.2 185.76, 900 $457.87) 13,725.63$ 13,725.63$ 0.00 $ - 1 $ 13,725.63 200.02350000.5020.003 BandShell AR75 CE#144 correction Keller CO#4 ($286,533 Keller 200.023500000, 110.2 $4,068.77, 900 $10,028.66) 300,630.43$ 300,630.43$ 0.00 $ - 1 $ 300,630.43 200.08100000.5020.003 Addendum No. 08 AR 038 CE#74 IDS CO#1(200.08100000 $3,860.78, 110.2 4,050.73$ 4,050.73$ 0.00 $ - 1 $ 4,050.73 200.08100000.5020.003 RFI #CN-107 Door Conflict AR 046 CE#093 IDS(200.08100000 $1,493.78, 110.2 $21.21, 1,567.27$ 1,567.27$ 0.00 $ - 1 $ 1,567.27 200.08100000.5020.003 RFI #CN-108 InSwing Doors AR 047 CE#096 IDS (200.08100000 $392.10, 110.2 $5.57, 900 $13.72) 411.39$ 411.39$ 0.00 $ - 1 $ 411.39 200.08100000.5020.003 Door Hardware AR 048 CE#133 IDS (200.08100000 $10,947.85, 110.2 $155.46, 11,486.48$ 11,486.48$ 0.00 $ - 1 $ 11,486.48 200.07500000.5040.003 AR 028 CE#75 Matl Escalation Sutter (200.07500000 $15,197.00, 110.2 $215.80, 900 $531.89) 15,944.69$ 15,944.69$ 0.00 $ - 1 $ 15,944.69 200.15400000.5020.003 Addendum No. 08 AR 038 CE#74 American Plumbing CO#1 (200.15400000 $36,871, 110.2 $523.57, 900 $1,290.49) 38,685.05$ 22,534.31$ 0.00 $ - 0.58 $ 22,534.31 200.16000000.5020.003 Addendum No. 08 AR 038 CE#74 Borrell CO#1(200.16000000 $1,299.55, 110.2 $18.45, 900 $68.82) 1,363.49$ 1,363.49$ 0.00 $ - 1 $ 1,363.49 200.16000000.5020.003 Library Lot Lights AR 098 CE#234 Borrell (200.16000000 $2,040.75, 110.2 $28.98, 900 $71.43) 2,141.16$ 2,141.16$ 0.00 $ - 1 $ 2,141.16 200.16000000.5020.003 Generator Overrun AR 128 CE#214 Borrell (200,16000000 $13,508.90, 110.2 $191.83, 900 $472.81) 14,173.54$ 14,173.54$ 0.00 $ - 1 $ 14,173.54 200.16000000.5020.003 AR 105 CE#179 Borrell (200.16000000 $441,409.95, 110.2 $6,268.02, 900 $15,449.35) 463,127.32$ 296,268.97$ 0.00 $ - 0.64 $ 296,268.97 200.09250000.5020.003 RFI #CN-291R2 Stage Walls AR 120 CE#266 KHS&S (200.09250000 $30,384,110.2 $431.45, 900 $1,063.44) 31,878.89$ 31,878.89$ 0.00 $ - 1.00 $ 31,878.89 200.13120000.5020.003 Canopy Gutter AR 095 CE#142 BIRDAIR (200.13120000 $464,990, 110.2 $6,602.86, 900 16,274.65) 487,867.51$ 487,867.51$ 0.00 $ - 1.00 $ 487,867.51 200.16000000.5020.003 RFI CN-283 AR 131 CE#268 City IT Conduit& Frontier BORRELL($89,007.51, 110.2 $1,263.91, 900 $3,115.26) 93,386.68$ 66,457.35$ 0.00 $ - 0.71 $ 66,457.35 200.09250000.5020.003 Addendum No. 08 AR 038 CE#74 KHS&S (200.09250000 $1,966.33, 110.2 $27.92, 900 $68.82) 2,063.07$ 2,063.07$ 0.00 $ - 1 $ 2,063.07 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance May 31, 2023 200.09250000.5020.003 Addendum No. 08 AR155 CE#74.001 pricing correction KHS&S (200.09250000 $5,308.60, 110.2 $75.38, 900 $185.80) 5,569.78$ 5,569.78$ 0.00 $ - 1.00 $ 5,569.78 200.08100000.5020.003 RFI #CN-331 CE#245 Spiral Stair Door Hrdw IDS ($1,190.62, 110.2 $16.91, 900 $41.67) 1,249.20$ 1,249.20$ 0.00 $ - 1 $ 1,249.20 200.13120000.5020.003 Reduce Canopy AR 041 CE#104 BIRDAIR(200.13120000 <$89,875.00>, 110.2 <$1,276.23>, 900 <$3,145.63>) add back to Contingency (94,296.86)$ (94,296.86)$ 0.00 $ - 1 $ (94,296.86) 200.13120000.5020.003 Extension Canopy Fabric AR 049 CE#103 BIRDAIR (200.13120000 $156,996, 110.2 $2,229.34, 900 $5,494.86) 164,720.20$ 164,720.20$ 0.00 $ - 1.00 $ 164,720.20 200.13120000.5020.003 AR 136 CE #217 BandShell Bulletin #2 BIRDAIR ($133,233.55 110.2 $1,891.92; 900 $4,663.17) 139,788.64$ 139,788.64$ 0.00 $ - 1 $ 139,788.64 200.13165000.5020.003 AR 150 CE#033.001 GMP3 Water Feature Brightview #29 ($39,183.60, 110.2 $556.41, 900 $1,371.43) 41,111.44$ 41,111.44$ 0.00 $ - 1.00 $ 41,111.44 200.13165000.5020.003 Fiberglass AR 122 CE#153 Brightview (200.131615000 $15,350, 110.2 $217.97, 900 $537.25) 16,105.22$ 16,105.22$ 0.00 $ - 1.00 $ 16,105.22 200.07100000.5020.003 RFI #CN-269R1 AR 113 CE#265 SPC (200.07100000 $8,262, 110.2 $117.32, 900 $289.17) 8,668.49$ 8,668.49$ 0.00 $ - 1.00 $ 8,668.49 200.15700000.5020.003 Addendum No. 08 AR 038 CE#74 Peninsular CO#3(200.15700000 $6,140.28, 110.2 $87.19, $214.92) 6,442.39$ 6,442.39$ 0.00 $ - 1.00 $ 6,442.39 200.02700005.5020.003 AR159 CE#233 Drew St Asphalt patch CRISDEL ($14,625.30, 110.2 $207.68, 900 $511.89) 15,344.87$ 15,344.87$ 0.00 $ - 1.00 $ 15,344.87 200.16000000.5020.003 Addendum No.05 GMP3 AR 034 CE#33 Borrell CO#2 (129,372.35, 110.2 $1,837.09, 900 $4,528.03) 135,737.47$ 75,112.29$ 0.00 $ - 0.55 $ 75,112.29 0.00 Total Owner's Contingency $ 2,046,246.36 -$ 2,046,246.36$ 644,548.64$ 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance May 31, 2023 Contractor's Contingency 1,793,863.00$ -$ -$ 1,793,863.00$ 200.02350000.5020.003 Bandshell Canopy - Matl Cost Increase due to larger casing(200.02350000 $212,120.75) 212,120.75$ 212,120.75$ -$ 0.00 $ - 0.00 $ - 200.02350000.5020.003 Deep Foundations (31B)644,479.25$ 644,479.25$ (0.00)$ 0.00 -$ (0.00)(0.00)$ 200.09250000.5020.003 RFI #CN-280 AR 112 CE#237 KHS&S (200.09250000 16,260.92, 900 $569.13) 16,830.05$ 16,830.05$ 16,830.05$ 0.00 -$ 1.00 16,830.05$ 200.04200030.5020.003 AR 147 CE#281 CMU Escalation B&M Masonry ($16,429, 900 $575.02) 17,004.02 17,004.02$ 17,004.02$ 0.00 $ - 1 17,004.02$ 200.04200030.5020.003 AR 140 CE#308 CMU Parapet Wall at VIP B&M Masonry ($17,653, 900 $617.86) 18,270.86$ 18,270.86$ 18,270.86$ 0.00 $ - 1 18,270.86$ 200.03011005.5020.003 AR 148 CE#283 Rebar Escalation Cost Skanska SP1 ($16,491.30 900 $577.20) 17,068.50$ 17,068.50$ 17,068.50$ 0.00 $ - 1 17,068.50$ 200.09250000.5020.003 AR156 CE#273 Elevator Shaft-Wall in-fill KHS&S ($5,621.29. 900 $196.75) 5,818.04$ 5,818.04$ 5,818.04$ 0.00 $ - 1 5,818.04$ 200.05520000.5020.003 RFI CN#-250 Book Return AR 146 CE#224 Stainless Fab (983.93, 900 $34.44) 1,018.37$ 1,018.37$ 1,018.37$ 0.00 $ - 1 1,018.37$ 200.10800000.5020.003 Toilet Paritions AR 100 CE#241 Trinity (200.10800000 $9,105, 900 $318.68) 9,423.68$ 9,423.68$ 9,423.68$ 0.00 $ - 1 9,423.68$ 200.10800000.5020.003 AR#145 C#187 Wall & Door protection change TRINITY (1,455, 900 $50.93) 1,505.93$ 1,505.93$ 1,505.93$ 0.00 $ - 1 1,505.93$ 200.10800000.5020.003 RFI #CN-383 FEC Cabinet AR#151 CE#316 TRINITY (1612, 900 $56.42) 1,668.42$ 1,668.42$ 1,668.42$ 0.00 $ - 1 1,668.42$ 200.04200030.5020.003 AR 171 CE#328 RFI CN-406: IWF RR Wall B&M Masonry ($4,912, 900 $171.92) 5,083.92$ 5,083.92$ 5,083.92$ 0.00 $ - 1 5,083.92$ 200.04200030.5020.003 AR173 CE#342 Bandshell CMU @ Chair storage B&M Masonry ($3,465, 900 $121.28) 3,586.28$ 3,586.28$ 3,586.28$ 0.00 $ - 1 3,586.28$ 200.03013005.5020.003 RFI CN#-250 Book Return AR 146 CE#224 SP3 (2,180, 900 $76.31) 2,256.31$ 2,256.31$ 2,256.31$ 0.00 $ - 1 2,256.31$ 200.03011005.5020.003 AR 183 CE#285 Adtl Rebar Escal SP1 (1,905, 900 66.68) 1,971.68$ 1,971.68$ 1,971.68$ 0.00 $ - 1.00 1,971.68$ 200.07100000.5020.003 AR 50 CE#123 Damp proof/waterproof SPC (67,115, 900 $2,349.03) 69,464.03$ 69,464.03$ 25,620.53$ 0.00 $ - 0.37 25,620.53$ 200.15400000.5020.003 AR 132 CE#294 Raising MEP Event Restroom AMERICAN (7,732, 900 $261.23) 7,993.23$ 7,993.23$ 7,993.23$ 0.00 $ - 1.00 7,993.23$ 200.09250000.5020.003 AR 132 CE#294 Raising MEP Event Restroom KHS&S (5,956.06, 900 $201.32) 6,157.38$ 6,157.38$ 6,157.38$ 0.00 $ - 1.00 6,157.38$ 200.04200030.5020.003 AR197 CE#373 Adtl Mobilization Bandshell B&M Masonry ($5,000, 900 $175)) 5,175.00$ 5,175.00$ 5,175.00$ 0.00 $ - 1.00 5,175.00$ 200.07250000.5020.003 AR199 CE#353 Fireproofing Adlt labor ALPHA ($3,833, 900 $134.15) 3,967.15$ 3,967.15$ 3,967.15$ 0.00 $ - 1.00 3,967.15$ 200.09250000.5020.003 AR169 CE#324 Event Restroom Erectin Precast KHS&S (3841.20, 900 134.44) 3,975.64$ 3,975.64$ 3,975.64$ 0.00 $ - 1.00 3,975.64$ 200.09250000.5020.003 AR170 CE#340 Event Restroom Sto Reveals KHS&S (9007.15, 900 $315.25) 9,322.40$ 9,322.40$ 9,322.40$ 0.00 $ - 1.00 9,322.40$ 200.15700000.5020.003 AR 132 CE#294 Raising MEP Event Restroom PENINSULAR (3,430.40, 900 $136.60) 3,567.00$ 3,567.00$ 3,567.00$ 0.00 $ - 1.00 3,567.00$ 200.10800000.5020.003 AR192 CE#247.001 Adtl Mtl Escalation Trinity ($1,424, 900 $49.84) 1,473.84$ 1,473.84$ 1,473.84$ 0.00 $ - 1.00 1,473.84$ 17-0031-EN Imagine Clearwater Flatwork & Vertical Construction GMP 3 0.00 Draw 24 Date Item No.Description GMP ODP Change Order 1 Change Order 2 Amended GMP 3 Previous Amount Earned Qty this Draw Amount this Draw Qty to Date Amount Earned to Date Remaining Balance May 31, 2023 200.09510000.5020.003 AR186 CE#360 Laser Scanning Multi- purpose room HANLON ($7,370, 900 $257.95) 7,627.95$ 7,627.95$ 7,627.95$ 0.00 $ - 1.00 7,627.95$ 200.11160000.5020.003 AR190 CE#365 Submittal No.08 33 23-01 DURASERV ($4,785.90, 900 $167.51) 4,953.41$ 4,953.41$ 4,953.41$ 0.00 $ - 1.00 4,953.41$ 200.02700005.5020.003 AR149 CE#288 Blackrock Asphalt Escalation CRISDEL ($17,176.25, 900 $601.17) 17,777.42$ 17,777.42$ 17,777.42$ 0.00 $ - 1.00 17,777.42$ 200.02700005.5020.003 AR174 CE#343 S Pierce St Temp Pedestrial Crossing CRISDEL ($22,368.19, 900 $782.89) 23,151.08$ 23,151.08$ 23,151.08$ 0.00 $ - 1.00 23,151.08$ 200.02700005.5020.003 AR205 CE#402 Peirce St Lot Concrete CRISDEL ($6,411.44, 900 $224.40) 6,635.84$ 6,635.84$ 6,635.84$ 0.00 $ - 1.00 6,635.84$ 200.09250000.5020.003 AR224 CE#413 Overtime 2/13-3/11/23 KHS&S (8,749.40, 900 $306.23) 9,055.63$ 9,055.63$ 9,055.63$ 0.00 $ - 1.00 9,055.63$ 200.15400000.5020.003 AR224 CE#413 Overtime 2/13-3/11/23 AMERICAN PLUMBING ($14,989, 900 $524.61) 15,513.61$ 15,513.61$ 15,513.61$ 0.00 $ - 1.00 15,513.61$ 200.02700005.5020.003 AR224 CE#413 Overtime 2/13-3/11/23 BORRELL ($22,360.80, 900 $782.63) 23,143.43$ 23,143.43$ 23,143.43$ 0.00 $ - 1.00 23,143.43$ 200.13120000.5020.003 AR225 CE#339 RFI#CN-241R1 Canopy Conduit BIRDAIR ($113,498.90, 900 $3,972.46) 117,471.36$ 117,471.36$ 117,471.36$ 0.00 $ - 1.00 117,471.36$ 200.11130000.5020.003 AR099 CE#239 Bandshell Canopy Audio Visual APG ($325,000, 900 $11,375) 336,375.00$ 336,375.00$ 155,593.65$ 0.00 $ - 0.46 155,593.65$ 200.13120000.5020.003 AR227 CE#431 BIRDAIR extra costs ($246,118.98 900 $8,614.16) 254,733.14$ 254,733.14$ 254,733.14$ 0.00 $ - 1.00 254,733.14$ -$ 0.00 $ - - $ - Total Contractor's Contingency 804,414.75$ -$ 804,414.75$ $989,448.25 Total Contingency 4,484,658.00$ -$ -$ 4,484,658.00$ 2,850,661.11$ -$ 2,850,661.11$ 1,633,996.89$ Total Contract 55,370,250.00$ $ (7,603,052.67)$1,900,000.00 $887,847.46 $50,555,044.79 $ 39,785,434.10 $ 39,785,434.10 $ 10,769,610.69 -$ 5% Retainage Direct Costs -$ Earned Soft Costs -$ Current Payment Due -$ Earned/Direct Costs Per Cent Comp 80% 95% 96% 97% 89% 96% #DIV/0! 30% 0% 86% 76% 98% 84% 0% 87% 65% 95% 65% 99% 88% 100% 74% 95% 61% 22% 97% 86% 96% 45% 46% 90% 99% 96% 100% 82% 93% 98% 0% 26% 40% 100% 0% 0% 100% 100% May 31, 2023 Per Cent Comp May 31, 2023 100% 0% 100% 0% 99% 72% 33% 87% 100% 24% 62% 90% 77% 50% #DIV/0! 86% 100% 36% 11% 47% 100% 100% 100% 100% 100% 100% 100% 100% 100% 0% 77% 100% 4% Per Cent Comp May 31, 2023 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 98% 37% 100% 55% 100% 50% 100% 100% 100% 100% 100% 100% 77% 79% 79% 80% 76% 45% 79% Per Cent Comp May 31, 2023 Per Cent Comp May 31, 2023 76% Per Cent Comp May 31, 2023 Per Cent Comp May 31, 2023 45% 64% 79% Skanska Imagine Clearwater 17-0031-EN GMP2 Sitework & GMP3 Flatwork and Vertical Construction Quantities Line Items GMP 3 Flatwork & Vertical Construction May-21 Jun-21 Jul-21 Aug-21 100.01112500.5010.003 2,079,662.00 110 110.01911000.5031.003 236,935.29 0.98314 110.01912000.5040.003 698,976.28 1 110.01922500.5040.003 1,495,200.07 1 4,510,773.64 200 200.01320000.5040.003 100,000.00 200.01330500.5040.003 0.00 200.01403000.5020.003 215,000.00 200.01405500.5020.003 22,500.00 200.01500000.5020.003 102,786.00 200.02000000.5020.003 251,474.00 200.02350000.5020.003 644,479.25 200.02700005.5020.003 833,658.60 200.02820000.5020.003 169,855.00 200.02870030.5020.003 311,396.00 200.02880000.5020.003 304,800.00 200.02880020.5020.003 1,260,830.00 200.02925000.5020.003 1,560,626.00 200.03011005.5020.003 1,542,132.49 200.03013005.5020.003 345,000.00 200.03025031.5020.003 477,821.66 200.03302000.5020.003 2,827,229.12 200.04200030.5020.003 472,096.00 200.05120000.5020.003 517,604.20 200.05520000.5020.003 291,813.00 200.05700000.5020.003 459,479.00 200.05730000.5020.003 531,659.90 200.06050050.5020.003 189,750.00 200.06220000.5020.003 254,297.00 200.07100000.5020.003 243,547.00 200.07250000.5020.003 56,838.00 200.07500000.5020.003 326,976.00 200.08100000.5020.003 249,745.00 200.08360000.5020.003 13,614.00 200.08800000.5020.003 327,636.00 200.09250000.5020.003 1,364,586.52 200.09510000.5020.003 140,623.32 200.09650000.5020.003 39,427.19 200.09650030.5020.003 246,948.00 200.09900000.5020.003 120,409.00 200.10260000.5020.003 24,059.00 200.10430000.5020.003 166,998.00 200.10440000.5020.003 30,204.00 200.10520000.5020.003 5,684.00 200.10530020.5020.003 100,742.00 200.10800000.5020.003 148,646.00 200.11060000.5020.003 7,950.00 200.11160000.5020.003 29,227.00 200.12620001.5020.003 85,568.33 200.13120000.5020.003 8,872,300.00 200.13120010.5020.003 490,800.00 200.13120020.5020.003 147,903.00 200.13165000.5020.003 2,404,218.00 200.14200000.5020.003 124,565.00 200.14430000.5020.003 45,672.00 200.15300000.5020.003 103,087.00 200.15400000.5020.003 917,925.69 200.15700000.5020.003 376,456.40 200.16000000.5020.003 2,816,276.99 200.25106000.5020.003 0.00 850 850.01330500.5040.003 250,000.00 850.01334000.5040.003 3,500.00 850.01591000.5040.003 100,000.00 850.02000000.5040.003 25,000.00 850.02820000.5040.003 140,000.00 850.02870050.5040.003 650,000.00 850.02925000.5040.003 5,000.00 850.03011005.5040.003 20,000.00 850.03013005.5040.003 15,000.00 850.03025010.5040.003 20,000.00 850.03025031.5040.003 35,000.00 850.04200030.5040.003 3,300.00 850.05120000.5040.003 65,000.00 850.05700000.5040.003 40,188.00 850.05730000.5040.003 46,700.00 850.06400170.5040.003 73,168.00 850.07100000.5040.003 3,300.00 850.07500000.5040.003 8,400.00 850.08100000.5040.003 3,000.00 850.08360000.5040.003 500.00 850.08800000.5040.003 31,219.00 850.09250000.5040.003 25,000.00 850.09650000.5040.003 7,000.00 850.09650030.5040.003 15,000.00 850.10220000.5040.003 149,385.00 850.10430000.5040.003 27,181.00 850.10440000.5040.003 2,200.00 850.10530020.5040.003 8,700.00 850.11060000.5040.003 28,100.00 850.11130000.5040.003 905,938.20 850.11130010.5040.003 1,760,726.53 850.11160000.5040.003 2,800.00 850.12620000.5040.003 572,844.95 850.13165000.5040.003 15,000.00 850.13640000.5040.003 250,000.00 850.15700000.5040.003 22,400.00 850.16120000.5040.003 100,000.00 850.16130000.5040.003 15,000.00 850.16140000.5040.003 93,194.00 850.16510000.5040.003 30,000.00 850.16510020.5040.003 15,000.00 850.16700020.5040.003 75,000.00 900.26500000.4400.003 1,732,832.06 0.038799 0.004301 41,559,613.15 46,070,386.79 850.23900300.5040.003 2,690,795.00 800.23900200.5040.003 1,793,863.00 50,555,044.79 Owner's Contingency Items 2,690,795.00 200.02350000.5020.003 340,537.80 200.07100000.5020.003 70,417.06 200.03025031.5020.003 13,725.63 200.02350000.5020.003 300,630.43 200.07500000.5040.003 15,944.69 200.16000000.5020.003 135,737.47 200.02880000.5020.003 54,558.40 200.15400000.5020.003 38,685.05 200.16000000.5020.003 1,363.49 200.08100000.5020.003 4,050.73 200.09250000.5020.003 2,063.07 200.09250000.5020.003 5,569.78 200.15700000.5020.003 6,442.39 200.13120000.5020.003 (94,296.86) 200.08100000.5020.003 1,567.27 200.08100000.5020.003 411.39 200.08100000.5020.003 11,486.48 200.13120000.5020.003 164,720.20 200.05520000.5020.003 2,745.63 200.13120000.5020.003 487,867.51 200.16000000.5020.003 2,141.16 200.06220000.5020.003 730.50 200.16000000.5020.003 463,127.32 200.02350000.5020.003 (11,750.00) 200.10800000.5020.003 9,552.97 200.10800000.5020.003 5,803.13 200.07100000.5020.003 8,668.49 200.07100000.5020.003 5,628.96 200.09250000.5020.003 31,878.89 200.13165000.5020.003 16,105.22 200.16000000.5020.003 14,173.54 200.16000000.5020.003 93,386.68 200.08100000.5020.003 1,249.20 200.10800000.5020.003 1,002.00 200.13120000.5020.003 139,788.64 200.13165000.5020.003 41,111.44 200.02700005.5020.003 15,344.87 Total Owner's Contingency 0.00 Contractor's Contingency 1,793,863.00 200.02350000.5020.003 212,120.75 200.02350000.5020.003 644,479.25 200.07500000.5040.003 15,728.90 200.10800000.5020.003 9,423.68 200.09250000.5020.003 16,830.05 200.02925000.5020.003 3,477.60 200.04200030.5020.003 17,004.02 200.04200030.5020.003 18,270.86 200.03011005.5020.003 17,068.50 200.09250000.5020.003 5,818.04 200.03013005.5020.003 2,256.31 200.05520000.5020.003 1,018.37 200.10430000.5020.003 5,024.91 200.10800000.5020.003 1,505.93 200.10800000.5020.003 1,668.42 200.04200030.5020.003 5,083.92 200.04200030.5020.003 3,586.28 200.03011005.5020.003 1,971.68 200.07100000.5020.003 69,464.03 200.15400000.5020.003 7,993.23 200.09250000.5020.003 6,157.38 200.15700000.5020.003 3,567.00 200.04200030.5020.003 5,175.00 200.07250000.5020.003 3,967.15 200.09250000.5020.003 3,975.64 200.09250000.5020.003 9,322.40 200.10800000.5020.003 1,473.84 200.09510000.5020.003 7,627.95 200.11160000.5020.003 4,953.41 200.02700005.5020.003 17,777.42 200.02700005.5020.003 23,151.08 200.02700005.5020.003 6,635.84 200.02700005.5020.003 23,143.43 200.15400000.5020.003 15,513.61 200.09250000.5020.003 9,055.63 200.13120000.5020.003 117,471.36 200.11130000.5020.003 336,375.00 200.13120000.5020.003 254,733.14 Total Contractor's Contingency 0.00 Total Contingency 4,484,658.00 Total GMP 3 Construction 50,555,044.79 1,818,774.63 0.73 1,323,886.05 1,226,584.40 2,085,783.04 (147,070.00) 29,588.04 1,968,301.08 0.00 1,968,301.08 ODP % complete adjusted Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Mar-23 Apr-23 Jan-24 0.099999904 0.05332 0.066275163 0.198486953 0.099414 0.5766004 0.0077582 0.2466410 0.763244 -0.017643314 0.032145653 0.0674159 0.158091099 0.114377179 0.004539 0.102962226 0.339589507 0.08334700 0.22562225 0.094592 0.578597672 0.075070771 0.11189148 0.074409 0.114388495 0.002486185 0.026205 0.037127118 0.014954617 0.028629202 0.064065347 0.027138043 0.068314393 0.067567029 0.264398294 0.187260919 0.151508 0.410764568 0.076053515 0.2606952 0.076546403 0.138344919 0.048823 0.024520234 0.124766467 0.09035252 0.042265 0.3540425 1 0.89715736 1 1 1 1 1 0.076218685 0.027868099 0.0032495 0.029681846 0.766521867 0.0005 0.0041309 0.0065048 0.037574 0.026902409 0.064817718 0.553364447 0.674280818 0.101043314 0.25 0.600422098 0.65509857 0.017643314 1 1 1 1 1 0.462560089 1 Total Quantity 0.799999231 0 0.953185109 0.964230088 0.969618287 00 0 0.9558948 0 0.298833302 0 0.859011539 0.764883407 0.981768231 0.836983798 0 0.867063161 0.649606299 0.945461323 0.654735677 0.987788733 0.876688058 1 0.744490 0.945794923 0.60871183 0.22145415 0.966061822 0.857043708 0.958619236 0.451233007 0.457109511 0.8970759 0.986012429 Need to bill Owner/Contract Contingency instead of AV Allowance for CE#292 $32,483 0.961689323 1 0.819180554 0.927657712 0.97798459 0 0.264398294 0.401743225 1 0 0 1 1 1 0 1 0.989537495 0.721176141 0.325697112 0.866326797 1 0.240847784 0.618077934 0.903410612 0.765069288 0.495570335 00 0 0.85524856 1 0.3567999 0.1056 0.4658 1 1 1 1 1 1 1 1 1 0 0.765361907 1 0.043490476 1 1 1 1 1 1 1 1 1 1 1 0.982517395 0.369983543 1 0.551570019 Balance to bill APG 1 0.49821276 1 1 1 1 1 1 0.766521867 0 0.78749907 0 0 0 0 0 0 0 0 1 0.757316338 1 1 1 0.553364447 1,010.95 2,490.42 0 0.582506937 1 1 1 1 1 58.78 144.92 1 1 1 1 1 0 1 1 0 0.63971387 1,567.00 3,862.34 0 0 0 1 0 1 262.75 647.64 1 1 0.711636285 1 0 1 1 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 0.36883161 1 1 1 1 1 1 1 1 1 1 1 1 1 224.40 1 782.63 1 524.61 1 306.23 1 3,972.46 0.462560089 5,118.75 1 8,614.16 0 0 0 0 2,899.48 26,688.56 0.05 144.97 139,006.78 112,318.22 1,943,533.93 (4,820.89) 1,938,713.04 29,588.04 SDI/Fee 1,968,301.08 Includes SDI FEE Need to bill Owner/Contract Contingency instead of AV Allowance for CE#292 $32,483 Administrative Change Order 1 DATE: July 1, 2022 PROJECT: PROJECT NUMBER:17-0031-EN3 Imagine Clearwater Flatwork & Vertical PO REFERENCE: 21000986 Construction GMP 3 CONTRACTOR: COUNCIL AWARD:July 15, 2021 Skanska USA Building Inc DATE OF CONTRACT:July 20, 2021 400 North Ashley Dr, Suite 400 Tampa, Fl 33602 CODE:ENGF180013-CONS-CNSTRC SCOPE OF CHANGE: This Change Order Accepts Revisions to the Contract STATEMENT OF CONTRACT AMOUNT ACCEPTED BY: Skanska USA Building Inc ORIGINAL CONTRACT AMOUNT 55,370,250.00$ 1,900,000.00$ By: (SEAL) NEW CONTRACT AMOUNT 57,270,250.00$ Chuck Jablon, Sr. Vice President Date: APPROVED AS TO FORM: Witnesses: Owen Kohler,Assistant City Attorney ATTEST: Recommended By: Rosemarie Call, City Clerk City of Clearwater Date: CITY OF CLEARWATER, in Tim Kurtz, Project Manager PINELLAS COUNTY, FLORIDA Jon P. Jennnings,City Manager Tara Kivett, PE,City Engineer Administrative Change Order 1: Imagine Clearwater Flatwork & Vertical Constuction GMP 3 ITEM DESCRIPTION UNIT QTY UNIT COST TOTAL COST Decreases: Increases: 110.01911000.5031.003 Bond @ .41%LS 0.03193 226,091.00$ 7,218.98$ 110.01912000.5040.003 SDI @ 1.42%LS 0.03775 662,294.00$ 25,002.32$ 110.01922500.5040.003 CCIP @ 2.58%LS 0.0318 1,428,552.00$ 45,426.74$ 850.11130010.5040.003 AV and Gutter Allowance LS 1 1,760,726.53$ 1,760,726.53$ 900.26500000.4400.003 Fee @ 5%LS 0.03752 1,642,418.00$ 61,625.43$ Total Increases:1,900,000.00$ increase items due to supply chain issuse causing price of bollards to increase-see attached Admin Change Order 1 - City Manager Change Order 2 DATE: April 24, 2023 PROJECT: PROJECT NUMBER:17-0031-EN3 Imagine Clearwater Flatwork & Vertical PO REFERENCE: 21000986 Construction GMP 3 CONTRACTOR: COUNCIL AWARD:July 15, 2021 Skanska USA Building Inc DATE OF CONTRACT:July 20, 2021 400 North Ashley Dr, Suite 400 Tampa, Fl 33602 CODE:ENGF180013-CONS-CNSTRC SCOPE OF CHANGE: This Change Order Accepts Revisions to the Contract, including: STATEMENT OF CONTRACT AMOUNT ACCEPTED BY: Skanska USA Building Inc ORIGINAL CONTRACT AMOUNT 55,370,250.00$ Admin Change Order 1 City Manger 10/6/2022 1,900,000.00$ 887,847.46$ By: (SEAL) NEW CONTRACT AMOUNT 58,158,097.46$ Chuck Jablon, Sr. Vice President Date: Brian J. Aungst Sr., Mayor Witnesses: APPROVED AS TO FORM: Owen Kohler,Assistant City Attorney ATTEST: Recommended By: Rosemarie Call, City Clerk City of Clearwater Date: CITY OF CLEARWATER, in Tim Kurtz, Project Manager PINELLAS COUNTY, FLORIDA Jennifer Poirrier, City Manager Tara Kivett, PE,City Engineer increase of items for canopy conduit structural supports, mega column canopy cladding, landscape and irrigation changes, additional asphalt at Pierce St., soundwall louver revisions, torchier burner concealment, and portable seating labor - see attached. Change Order 2 - City Council 6/15/2023 Change Order 2: Imagine Clearwater Flatwork & Vertical Constuction GMP 3 ITEM DESCRIPTION UNIT QTY UNIT COST TOTAL COST Increases: 110.01911000.5031.003 Bond @ .41%LS 0.01554 233,309.98$ 3,625.31$ 110.01912000.5040.003 SDI @ 1.42%LS 0.01699 687,296.32$ 11,679.96$ 110.01922500.5040.003 CCIP @ 2.58%LS 0.0144 1,473,978.74$ 21,221.33$ 200.02700005.5020.003 Asphalt Paving / Curb & Gutter / Striping & Signage (32B) LS 0.02657 812,082.34$ 21,576.26$ 200.02925000.5020.003 Landscape/Irrigation (32C)LS 0.04153 1,498,396.00$ 62,230.00$ 200.03302000.5020.003 Concrete Flatwork / Hardscape / Standard Retaining Walls (03F) LS 0.03457 2,732,750.12$ 94,479.00$ 200.05120000.5020.003 Structural Steel & Misc. Steel (05A) LS 0.63581 316,421.10$ 201,183.00$ 200.05730000.5020.003 Torchiers (05D)LS 0.1668 455,655.77$ 76,004.13$ 200.16000000.5020.003 Electrical (26A)LS 0.04589 6,134,680.00$ 281,491.51$ 900.26500000.4400.003 Fee @ 3.5%LS 0.01689 1,704,043.43$ 28,788.63$ Total Increases:802,279.13$ Addition: 200.12620001.5020.003 Portable Audience Seating Set-Up LS 1 85,568.33$ 85,568.33$ Total Increases/Additions:887,847.46$ Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0735 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Finance Agenda Number: 3.1 SUBJECT/RECOMMENDATION: Annual Comprehensive Financial Report for Fiscal Year 2022. (WSO) SUMMARY: Presentation of fiscal year 2022 Annual Comprehensive Financial Report by external auditors. APPROPRIATION CODE AND AMOUNT: N/A USE OF RESERVE FUNDS: N/A Page 1 City of Clearwater Printed on 6/8/2023 CITY OF CLEARWATER, FLORIDA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022 Crest Lake Park, located at 201 S. Glenwood Ave., underwent a $6.4 million renovation to become one of the city’s signature parks. The project was funded through the city’s BP Deepwater Horizon oil spill settlement money. Visitors can now enjoy a variety of new amenities including wider sidewalks around the lake and through the park, new lighting, irrigation, landscaping and grassing, four new play areas including a splash pad, restrooms, two picnic shelters, improvement to the shoreline, a lighted fountain in the lake, rain gardens to filter stormwater, an arboretum, lakeside scenic boardwalks and decks, two sand volleyball courts and improved parking areas.ON THE COVER Brian J. Aungst Sr. Mayor David Allbritton Kathleen Beckman Mark Bunker Lina Teixeira Councilmember Councilmember Councilmember Councilmember Jennifer Poirrier City Manager Brian Jay Ravins Finance Director Prepared by: City of Clearwater Finance Department City of Clearwater, Florida Annual Comprehensive Financial Report for Fiscal Year Ended September 30, 2022 i ii City of Clearwater, Florida Annual Comprehensive Financial Report For the Fiscal Year Ended September 30, 2022 TABLE OF CONTENTS INTRODUCTORY SECTION: Title Page and List of Elected and Appointed Officials .......................................................................................... i Letter of Transmittal ............................................................................................................................................... v Certificate of Achievement for Excellence in Financial Reporting ....................................................................... ix Organizational Chart .............................................................................................................................................. x FINANCIAL SECTION: Independent Auditors’ Report ................................................................................................................................ 1 Management’s Discussion and Analysis ............................................................................................................... 5 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ........................................................................................................................... 22 Statement of Activities ................................................................................................................................ 23 Fund Financial Statements: Balance Sheet – Governmental Funds ..................................................................................................... 24 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ............ 25 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds ......... 26 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities .......................................................................... 27 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – General Fund ...................................................................................................... 28 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Special Development Fund ................................................................................. 29 Statement of Net Position – Proprietary Funds ........................................................................................ 30 Statement of Revenues, Expenses, and Changes in Net Position – Proprietary Funds ........................ 34 Statement of Cash Flows – Proprietary Funds ......................................................................................... 38 Statement of Fiduciary Net Position – Fiduciary Funds ........................................................................... 42 Statement of Changes in Fiduciary Net Position - Fiduciary Funds ........................................................ 43 Notes to the Basic Financial Statements ...................................................................................................... 44 Required Supplemental Information -–Pension Trust Funds ........................................................................... 113 Required Supplemental Information – Other Postemployment Benefits ......................................................... 119 Combining and Individual Fund Statements and Schedule Combining Balance Sheet – Nonmajor Governmental Funds ................................................................... 124 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds ............................................................................................................... 126 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Community Redevelopment Agency Special Revenue Fund ............................... 128 Combining Statement of Net Position – Nonmajor Enterprise Funds ........................................................ 130 Combining Statement of Revenues, Expenses, and Changes in Net Position - Nonmajor Enterprise Funds...................................................................................................................... 131 Combining Statement of Cash Flows – Nonmajor Enterprise Funds ........................................................ 132 Combining Statement of Net Position – Internal Service Funds ................................................................ 136 Combining Statement of Revenues, Expenses, and Changes in Net Position – Internal Service Funds .......................................................................................................................... 137 Combining Statement of Cash Flows – Internal Service Funds ................................................................ 138 Combining Statement of Fiduciary Net Position – Fiduciary Funds........................................................... 142 Combining Statement of Changes in Fiduciary Net Position – Fiduciary Funds ....................................... 143 iii City of Clearwater, Florida Annual Comprehensive Financial Report For the Fiscal Year Ended September 30, 2022 TABLE OF CONTENTS (Continued) STATISTICAL SECTION: Introduction ............................................................................................................................................ 145 Schedule 1 Net Position by Component .................................................................................................................. 147 Schedule 2 Changes in Net Position ....................................................................................................................... 148 Schedule 2a Program Revenues by Function/Program............................................................................................ 151 Schedule 3 Fund Balances of Governmental Funds .............................................................................................. 152 Schedule 4 Changes in Fund Balances of Governmental Funds ........................................................................... 153 Schedule 5 Assessed Value and Estimated Actual Value of Taxable Property ................................................... 154 Schedule 6 Direct and Overlapping Property Tax Rates ........................................................................................ 155 Schedule 7 Property Tax Levies and Collections .................................................................................................... 156 Schedule 8a Principal Real Property Taxpayers ....................................................................................................... 157 Schedule 8b Principal Personal Property Taxpayers ................................................................................................ 158 Schedule 9 Ratios of Outstanding Debt by Type .................................................................................................... 159 Schedule 10 Ratios of General Bonded Debt Outstanding ...................................................................................... 160 Schedule 11 Direct and Overlapping Governmental Activities Debt ........................................................................ 161 Schedule 12 Legal Debt Margin Information ............................................................................................................. 162 Schedule 13 Pledged-Revenue Coverage ................................................................................................................ 163 Schedule 14 Demographic and Economic Statistics ................................................................................................. 165 Schedule 15 Principal Employers .............................................................................................................................. 166 Schedule 16 Full-time Equivalent City Government Employees by Function/Program ........................................... 167 Schedule 17 Operating Indicators by Function/Program .......................................................................................... 168 Schedule 18 Capital Asset Statistics by Function/Program ...................................................................................... 169 OTHER INFORMATION: Continuing Disclosure – Gas System Revenue Refunding Bonds, Series 2013 and 2014 ........................................ 172 Continuing Disclosure – Water & Sewer Revenue Refunding Bonds, Series 2017, 2017B and 2020 ...................... 177 Continuing Disclosure – Stormwater System Revenue Refunding Bonds, Series 2012 ............................................ 180 Continuing Disclosure – Non-Ad Valorem Revenue Bonds, Series 2022 (Imagine Clearwater) ................................ 181 Fire Services Program ................................................................................................................................................... 183 Schedule of Receipts and Expenditures of Funds Related to the Deepwater Horizon Oil Spill ................................. 184 SINGLE AUDIT / GRANTS COMPLIANCE SECTION: Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ................................................................................................................................................ 186 Independent Auditors’ Report on Compliance for Each Major Federal Program and on Each Major State Project on Internal Control over Compliance Required by the Uniform Guidance and Chapter 10.550, Rules of the Auditor General ............................................................................................................................... 188 Schedule of Expenditures of Federal Awards and State Financial Assistance Projects ............................................ 191 Notes to Schedule of Expenditures of Federal Awards and State Financial Assistance Projects .............................. 193 Summary of Auditors’ Results and Financial Statement Findings ............................................................................... 195 Corrective Action Plan ................................................................................................................................................... 197 Management Letter ........................................................................................................................................................ 198 Independent Accountants’ Report on Compliance with Section 215.415, Florida Statutes ........................................ 200 iv This Page Intentionally Left Blank v vi vii viii Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Clearwater Florida For its Annual Comprehensive Financial Report For the Fiscal Year Ended September 30, 2021 Executive Director/CEO ix Human Resources Public Utilities Gas System Information Technology Fire Department Marine & Aviation Engineering Planning & Development Parks & Recreation Economic Development & Housing Finance & Budget Public Communications City Manager Official Records & Legislative Services CRA Operations City Council Utility Customer Service Solid Waste / General Services Library Citizens of Clearwater City Attorney Emergency Management Assistant City Manager Assistant City Manager Police Department Internal Audit x INDEPENDENT AUDITORS’ REPORT To the Honorable Mayor and City Council Members City of Clearwater, Florida Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Clearwater, Florida (the “City”),as of and for the year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. We have also audited the financial statements of each of the City’s nonmajor governmental funds, nonmajor enterprise funds, internal service funds and fiduciary funds presented as supplementary information in the accompanying combining and individual fund statements as of and for the year ended September 30, 2022, as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Clearwater, Florida, as of September 30, 2022, and the respective changes in financial position and, where applicable, cash flows thereof, and the respective budgetary comparison for the General Fund and the Special Development Fund, for the year then ended in accordance with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of each of the nonmajor governmental funds, nonmajor enterprise funds, internal service funds, and fiduciary funds of the City of Clearwater, Florida as of September 30, 2022, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended, in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 1 Emphasis of a Matter Change in Accounting Principle As discussed in Note I.F. to the financial statements, in the current year the City of Clearwater, Florida adopted new accounting guidance, GASB No. 87, Leases. Our opinion is not modified with respect to this matter. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. 2 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual nonmajor fund financial statements and schedules, the schedule of receipts and expenditures of funds related to the deepwater horizon oil spill, and the schedule of expenditures of federal awards and state financial assistance, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Chapter 10.550, Rules of the Auditor General,are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and schedules, the schedule of receipts and expenditures of funds related to the deepwater horizon oil spill, and schedule of expenditure of federal awards and state financial assistance are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Information Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditors’ report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. 3 In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated April 28, 2023, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. CARR, RIGGS & INGRAM, LLC Clearwater, Florida April 28, 2023 4 5 Management’s Discussion and Analysis This Management’s Discussion and Analysis report provides the reader with a narrative overview and analysis of the financial activities of the City for the fiscal year ended September 30, 2022. Management’s Discussion and Analysis (MD&A) should be read in conjunction with the City’s Transmittal Letter, which begins on page v of this report. Financial Highlights  The City’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources at the close of fiscal year 2022 by $1.3 billion (net position). Of this amount, $621.4 million (unrestricted net position) may be used to meet the government’s ongoing obligations to citizens and creditors.  The City’s total net position increased by $15.2 million, or 1.2%, from the prior year’s net position. Net position for governmental activities increased by $14.4 million, or 2.3%, while the business-type net position increased by $749 thousand, or 0.12%.  Governmental net position increased $14.4 million in fiscal 2022, versus an increase of $87.8 million in fiscal 2021. An increase of $78.1 million in governmental program expenses, most significantly in the public safety, culture and recreation, and transportation programs, offset by an increase in governmental program revenues of $22.6 million, resulted in an increase in net program expenses of $55.5 million. Total general revenues for governmental activities decreased by $16.5 million, or 13.2%, primarily due to a decrease of $25.2 million in investment earnings due to a decrease in market valuation of the City’s investment portfolio due to rising interest rates, offset by a $3.7 million increase in property taxes, a $3.3 million increase in sales taxes, and a $1.1 million increase in state revenue sharing. Transfers from business-type activities decreased $1.3 million.  Business-type net position increased $749 thousand in fiscal 2022, versus an increase of $35.1 million in fiscal 2021. Net revenue from business-type activities, before investment earnings and transfers, decreased $5.9 million, or 12.7%, as the result of an increase in program expenses of $21.6 million, offset by an increase in charges for services of $13.1 million and an increase in grants and contributions of $2.6 million. The most significant increase in charges for services was in the Water & Sewer Utility ($5.6 million), where charges for services increased as a result of a 4% rate increase effective October 1, 2021; the Gas Utility ($4.3 million) where charges for services increased due to a new rate structure with rate increases effective March 1, 2021 and March 1, 2022; the Solid Waste Utility ($1.5 million) due to a rate increase of 3.75% effective October 1, 2021; and the Marine Fund ($1.2 million) due to increased resale revenues resulting from higher fuel costs as well as slip rental increases effective May 2022. General revenues decreased $29.8 million due to a decrease in market valuation of the City’s investment portfolio due to rising interest rates. Transfers to governmental activities decreased $1.3 million.  As of September 30, 2022, the City’s governmental funds reported combined ending fund balances of $194.2 million, an increase of $15.5 million, or 8.7%, in comparison with the prior year. Of this amount, $58.5 million (or 30.1%) is available for spending at the government’s discretion (unassigned fund balance).  As of September 30, 2022, unrestricted fund balance (the total of the committed, assigned and unassigned components of fund balance) for the general fund was $58.5 million, or 40.5% of total fiscal 2022 general fund expenditures.  Total outstanding long-term liabilities increased $12.7 million from the prior year, primarily due to an increase in bonds payable in the amount of $16.4 million and an increase in the net pension liability of $7.0 million, and an increase in the liability for compensated absences of $320 thousand; offset by a decrease in lease obligations of $521 thousand, a decrease in claims payable of $325 thousand, a decrease in financed purchase agreements of $5.8 million and a decrease in the liability for other postemployment benefits of $4.5 million. 6 Overview of the Financial Statements This discussion and analysis (MD&A) is intended to serve as an introduction to the City of Clearwater’s basic financial statements. The City’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-Wide Financial Statements The government-wide financial statements are the statement of net position and the statement of activities. These statements report information about the City as a whole using accounting methods similar to those used by private-sector businesses. Emphasis is placed on the net position of governmental activities and business-type activities, and the change in net position. Governmental activities are principally supported by taxes and intergovernmental revenues. Governmental activities include most of the City’s basic services, including police, fire, public works, parks and recreation, and general administration. Business-type activities are intended to recover all or a significant portion of their costs through user fees and charges. The City’s water and sewer system, stormwater system, gas system, solid waste and recycling, marine, aviation, Clearwater Harbor Marina, and parking system operations are reported as business-type activities.  The statement of net position presents information on all of the City’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator as to whether the financial position of the City is improving or deteriorating. Net position is reported in three major categories: 1) net investment in capital assets; 2) restricted; and 3) unrestricted.  The statement of activities presents information showing how the City’s net position changed as a result of the year’s activities. All changes in net position are recorded in the period in which the underlying event takes place, which may differ from the period in which cash is received or disbursed. The Statement of Activities displays the expense of the City’s various programs net of related revenues, as well as a separate presentation of revenues available for general purposes. The government-wide financial statements include not only the City of Clearwater itself but also the Clearwater Redevelopment Agency (CRA). The CRA, though legally separate, is reported as part of the primary government as a blended component unit because the City Council serves as the CRA’s governing board and City management has operational responsibility for the CRA. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The fund financial statements provide detailed information about the City’s major funds – not the City as a whole. Fund accounting helps to ensure and demonstrate compliance with finance-related legal requirements. Based on restrictions on the use of monies, the City has established many funds that account for the multitude of services provided to residents. These fund financial statements focus on the City’s most significant funds: governmental, proprietary, and fiduciary. Governmental funds. Governmental funds are used to report most of the City’s basic services. These funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. The funds focus on the inflows and outflows of current resources and the balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains eleven individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the 7 General, Special Development, Special Programs, and Capital Improvement funds, which are considered to be major funds. Data from the other seven governmental funds are combined into a single aggregated columnar presentation. Individual fund data for each of these nonmajor governmental funds is provided in Combining and Individual Fund Statements and Schedules section of this report. Annual appropriated budgets are adopted for the General Fund, the Special Development Special Revenue Fund, and the Community Redevelopment Agency Special Revenue Fund. Budgetary comparison statements and/or schedules have been provided for these funds to demonstrate budgetary compliance. The basic governmental fund financial statements can be found on pages 22-27 of this report. Proprietary funds. The City maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for the fiscal activities related to water and sewer, gas, solid waste & recycling and stormwater utilities, along with marine, aviation, parking system, and Clearwater Harbor Marina downtown boat slip operations. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions. The City uses internal service funds to account for the City’s building maintenance, custodial services, self- insurance program, risk management program, employee group insurance, vehicle acquisition and maintenance, and various support activities including data processing, telecommunications, and postal services. All of the City’s internal service funds predominantly benefit governmental activities and consequently have been aggregated and included within governmental activities in the government-wide financial statements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the Water and Sewer Utility, Gas Utility, Solid Waste & Recycling Utility, and Stormwater Utility enterprise funds, which are considered to be major funds of the City. The remaining four non-major enterprise funds are combined into a single aggregated presentation in the proprietary fund financial statements. Similarly, governmental activity internal service funds are aggregated into a single presentation. Individual fund data for the non-major enterprise funds and the internal service funds is provided in the form of combining statements in the supplementary information section of this report. The basic proprietary fund financial statements can be found on pages 28-39 of this report. Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of the fiduciary funds are not available to support the City’s own programs. The accounting used for fiduciary funds is similar to proprietary funds. The City of Clearwater maintains two different types of fiduciary funds. Pension trust funds are used to report resources held in trust for retirees and beneficiaries covered by the City’s pension plans. A custodial fund is used to report resources held by the City in a custodial capacity for individuals, private organizations and other governments, such as the Clearwater Downtown Development Board. The fiduciary fund statements can be found on pages 40-41 of this report. Notes to the Financial Statements The notes to the financial statements provide additional information that is essential for a full understanding of the information provided in the government-wide and fund financial statements, including the City’s progress in funding its obligations to provide pension benefits and other post-employment benefits to its employees. The notes to the financial statements can be found on pages 44-112 of this report. Other Information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City’s progress in funding its obligations to provide pension benefits and other post-employment benefits to its employees. Required supplementary information can be found on pages 113-119 of this report. 8 The combining statements referred to earlier in connection with non-major governmental funds, non-major enterprise funds, and internal service funds, are presented immediately following the required supplementary information. Combining and individual fund statements can be found on pages 124-143 of this report. Government-Wide Financial Analysis The total net position of the City increased in both fiscal 2021 and fiscal 2022. As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $1.3 billion at the close of the fiscal year ended September 30, 2022. This represents an increase of $15.2 million from the September 30, 2021 total net position of $1.3 billion. The City reports positive balances in all three categories of net position, both for the government as a whole as well as for its separate governmental and business-type activities, for both the current year and the prior year, as indicated in the following table: A large portion of the City’s net position ($581.2 million or 45.8%) represents its net investment in capital assets (e.g., land, infrastructure, land improvements, buildings, and equipment, less any related outstanding debt used to acquire those assets). The City uses these capital assets to provide services to citizens, and consequently these assets are not available for future spending. Although the City’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other resources, since the capital assets themselves will not be used to liquidate these liabilities. There was an increase of $13.1 million (4.6%) in net investment in capital assets for governmental activities versus the previous year. The increase was due to a net increase of $35.6 million in governmental capital and right to use assets for the current fiscal year, offset by an increase in related bonds payable of $24.9 million net of unspent bond proceeds, an increase of $1.7 million in accounts and contracts payable, a decrease of $521 thousand in lease obligations, and a decrease of $5.4 million in financed purchase agreements. The increase in governmental capital and right to use assets of $35.6 million resulted from capital asset additions of $57.9 million offset by depreciation expense of $22.8 million, and 2022 2021 2022 2021 2022 2021 Assets Current and other assets 305,916,983$ 534,164,114$ 367,906,428$ 389,951,851$ 673,823,411$ 924,115,965$ Capital and right to use assets 336,840,569 301,221,878 422,821,587 435,181,441 759,662,156 736,403,319 Total assets 642,757,552 835,385,992 790,728,015 825,133,292 1,433,485,567 1,660,519,284 Deferred Outflows of Resources 126,021,377 19,282,621 25,026,691 12,305,934 151,048,068 31,588,555 Liabilities Current and other liabilities 20,633,840 24,681,069 32,440,255 23,710,370 53,074,095 48,391,439 Long-term debt outstanding: Due within one year 16,246,953 14,631,732 2,925,032 7,835,406 19,171,985 22,467,138 Due in more than one year 69,101,852 40,652,449 144,022,024 159,099,549 213,123,876 199,751,998 Total liabilities 105,982,645 79,965,250 179,387,311 190,645,325 285,369,956 270,610,575 Deferred Inflows of Resources 21,215,210 147,538,435 10,173,276 21,349,200 31,388,486 168,887,635 Net position Net investment in capital assets 296,598,838 283,538,240 284,557,636 285,263,520 581,156,474 568,801,760 Restricted 53,555,294 295,043,664 11,607,679 48,861,477 65,162,973 343,905,141 Unrestricted 291,426,942 48,583,024 330,028,804 291,319,704 621,455,746 339,902,728 Total net position 641,581,074$ 627,164,928$ 626,194,119$ 625,444,701$ 1,267,775,193$ 1,252,609,629$ City of Clearwater, Florida - Net Position Governmental Activities Business-type Activities Total 9 net capital asset retirements of $850 thousand, in addition to a decrease in right to use assets of $486 thousand, net of accumulated amortization. Net investment in capital assets for business-type activities decreased by $706 thousand (0.25%) versus the previous year due to a net decrease in business-type capital assets of $12.3 million consisting of $21.2 million of net capital asset additions, offset by $23.1 million in current year depreciation expense, and net capital asset retirements of $10.4 million, offset by an increase of $2.0 million in accounts and contracts payable, and a decrease of $13.6 million in related debt. An additional portion of the City’s net position ($65.2 million or 5.2%) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position ($621.4 million or 49.0%) may be used to meet the government’s ongoing obligations to citizens and creditors. Changes in Net Position The following table reflects the changes in net position for the years ended September 30, 2022, and September 30, 2021: 2022 2021 2022 2021 2022 2021 Revenues Program revenues: Charges for services 50,827,327$ 46,394,836$ 217,723,842$ 204,663,545$ 268,551,169$ 251,058,381$ Operating grants and contributions 31,434,799 12,539,474 83,528 83,232 31,518,327 12,622,706 Capital grants and contributions 1,821,315 2,595,410 5,182,740 2,545,672 7,004,055 5,141,082 General revenues: Property taxes 76,820,577 73,092,866 - - 76,820,577 73,092,866 Sales taxes 26,167,426 22,841,758 - - 26,167,426 22,841,758 Utility taxes 18,467,096 17,745,583 - - 18,467,096 17,745,583 Communications services taxes 4,190,145 4,174,817 - - 4,190,145 4,174,817 Local business tax 2,066,475 2,127,380 - - 2,066,475 2,127,380 Local option gas tax 1,460,864 1,438,852 - - 1,460,864 1,438,852 State revenue sharing 5,339,006 4,274,388 - - 5,339,006 4,274,388 Other (25,707,547) (337,667) (30,792,608) (993,609) (56,500,155) (1,331,276) Total revenues 192,887,483 186,887,697 192,197,502 206,298,840 385,084,985 393,186,537 Expenses General Government 14,809,908 12,019,799 - - 14,809,908 12,019,799 Public Safety 96,123,391 37,948,749 - - 96,123,391 37,948,749 Physical Environment 4,245,215 3,077,088 - - 4,245,215 3,077,088 Transportation 18,496,930 12,246,726 - - 18,496,930 12,246,726 Economic Environment 4,860,554 4,544,782 - - 4,860,554 4,544,782 Human Services 745,854 504,873 - - 745,854 504,873 Culture and Recreation 47,191,882 38,751,718 - - 47,191,882 38,751,718 Interest on Long-term Debt 1,214,810 528,347 - - 1,214,810 528,347 Water and Sewer Utility - - 88,560,740 72,634,192 88,560,740 72,634,192 Gas Utility - - 43,643,399 37,232,595 43,643,399 37,232,595 Solid Waste Utility - - 22,090,198 22,061,698 22,090,198 22,061,698 Stormwater Utility - - 11,874,808 13,383,590 11,874,808 13,383,590 Recycling Utility - - 3,163,881 3,282,369 3,163,881 3,282,369 Other - - 12,897,851 12,023,913 12,897,851 12,023,913 Total expenses 187,688,544 109,622,082 182,230,877 160,618,357 369,919,421 270,240,439 5,198,939 77,265,615 9,966,625 45,680,483 15,165,564 122,946,098 Transfers 9,217,207 10,543,235 (9,217,207) (10,543,235) - - Increase in net position 14,416,146 87,808,850 749,418 35,137,248 15,165,564 122,946,098 Net position - beginning 627,164,928 539,356,078 625,444,701 590,307,453 1,252,609,629 1,129,663,531 Total net position - ending 641,581,074$ 627,164,928$ 626,194,119$ 625,444,701$ 1,267,775,193$ 1,252,609,629$ City of Clearwater, Florida - Changes in Net Position transfers Governmental Activities Business-type Activities Totals Increase in net position before 10 Governmental Activities Net position of governmental activities increased by $14.4 million from $627.2 million to $641.6 million as of September 30, 2022. This represents a 2.3% increase in net position for governmental activities. Total expenses for governmental activities increased by $78.1 million, or 71.2%, versus the prior year. Although increases were budgeted in every program due to rising personnel and operating costs, the most significant increases were experienced in the public safety program ($58.2 million), the culture and recreation program ($8.4 million) and the transportation program ($6.3 million), largely due to a large increase in the net pension asset and related decrease in pension expense during fiscal 2021, and subsequent elimination of the net pension asset in fiscal year 2022 due to investment losses resulting from the investment market downturn. Total program revenues for governmental activities increased by $22.6 million, or 36.7%, versus the prior year. This increase was due to a $4.4 million increase in charges for services and an increase in operating grants and contributions of $18.9 million, offset by a decrease of $774 thousand in capital grants and contributions. The increase in operating grants and contributions is primarily due to an increase in the general government program of $19.0 million resulting from the recognition of $22.5 million in Coronavirus State and Local Fiscal Recovery Funds (SLFRF) authorized by the American Rescue Plan Act (ARPA), offset by a decrease of $3.0 million in the public safety program due to one-time grants received in fiscal 2021 from Pinellas County for CARES Act funding ($2.0 million) as well as reimbursements from FEMA of $1.3 million for Hurricane Irma. Total general revenues for governmental activities decreased by $16.6 million, or 13.2%, primarily due to a decrease of $25.2 million in investment earnings due to a decrease in market valuation of the City’s investment portfolio resulting from rising interest rates, offset by a $3.7 million increase in property taxes, a $3.3 million increase in sales taxes, and a $1.1 million increase in state revenue sharing. Because the millage rate did not change from the previous year, the increase in property taxes is due to an increase in taxable property values of approximately 5.2%, including new construction. The bulk of the increase is due to increases in current values, while new construction and annexations account for a smaller portion of the increase. Transfers from business-type activities decreased $1.3 million. The cost of all governmental activities this year was $187.7 million. This reflects an increase of $78.1 million, or 71.2%, from the fiscal 2021 total of $109.6 million. However, as shown on the Statement of Activities, the amount that the City’s taxpayers ultimately financed for fiscal 2022 activities totaled $103.6 million, because some of the cost was paid for by those who directly benefited from the programs ($50.8 million) or by other governments and organizations that subsidized certain programs with grants and contributions ($33.3 million). This total of $103.6 million is $55.5 million, or 115.4%, greater than the fiscal 2021 amount financed from general revenues. A large contributor to this increase was decreased fiscal 2021 pension expense due to a large increase in the net pension asset, along with fiscal 2022 elimination of the net pension asset, and increases in salaries and benefits for governmental operations City-wide. $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 Millions Expenses and Program Revenues - Governmental Activities For the Year Ended September 30, 2022 Expenses Revenues GeneralGovernment Public Safety Physical Transportation EconomicEnvironment Human Culture andRecreation Interest onLong-term Debt 11 Business-type Activities Net position for business-type activities increased by $749 thousand, from $625.44 million at September 30, 2021, to $626.19 million as of September 30, 2022. This represents an increase of 0.12% in net position for business-type activities. Net revenue from business-type activities, before investment earnings and transfers, decreased from $46.7 million for the prior year to $40.8 million for fiscal 2022. This $5.9 million, or 12.7%, decrease was primarily the result of an increase in program expenses of $21.6 million, partially offset by an increase in charges for services of $13.1 million and an increase in grants and contributions of $2.6 million. Total program revenues for business-type activities increased by $15.7 million, or 7.6%, to $223.0 million versus the prior year total of $207.3 million, due primarily to an increase of $13.1 million (6.4%) in charges for services primarily due to scheduled rate increases in the Water and Sewer, Gas, and Solid Waste Utility funds, and an increase of $2.6 million (100.3%) in capital grants and contributions, primarily due to an increase in contributions from the City of Safety Harbor for improvements at the Northeast Wastewater Treatment Plant in the Water and Sewer Utility ($3.2 million), offset by a decrease in funding from the Florida Department of Transportation for the Hangar C Replacement project at the Clearwater Airpark in the Aviation Fund ($441 thousand) as a result of project completion in fiscal 2022. Total expenses for business-type activities increased by $18.4 million, or 11.5%, from $160.6 million in fiscal 2021 to $179.0 million for fiscal 2022. The most significant increases are in the Water & Sewer Utility ($15.2 million), the Gas Utility ($6.1 million) and the Marine Fund ($1.6 million), offset by a decrease of $1.8 million in the Stormwater Utility. A significant contributor to the increases was a prior year large increase in the net pension asset, and related decrease in pension expense, versus an elimination of the net pension asset in fiscal 2022 due to the investment market downturn. Transfers to governmental activities decreased $1.3 million, or 12.6%. Charges for services 26.35% Miscellaneous 0.06% Property Taxes 39.83% Local Option Gas Tax 0.76% Sales taxes 13.57% Local business tax 1.07% Communications services taxes 2.17% Capital grants & contributions .94% Operating grants & contributions 16.30% Utility taxes 9.57% State revenue sharing 2.77% Investment earnings -13.39% Revenues by Sources - Governmental Activities For the Year Ended September 30, 2022 12 $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 Water and Sewer Utility Gas Utility Solid Waste Utility Stormwater Utility Recycling Other Expenses and Program Revenue - Business-type Activities For the Year Ended September 30, 2022 Expenses Revenues Charges for services 97.64% Operating grants and contributions .04%Capital grants and contributions 2.32% Revenues by Source - Business-type Activities For the Year Ended September 30, 2022 13 Financial Analysis of the City’s Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. The City reports the General Fund, Special Development Fund, Special Programs Fund, and Capital Improvement Fund as major governmental funds. The City’s governmental funds for the year ended September 30, 2022, reflect a combined fund balance of $194.2 million versus $178.6 million for the prior year, an increase of $15.5 million. A total of $58.5 million, or 30.11%, represents unassigned fund balance available for spending at the government’s discretion. The remainder of the fund balance is classified as assigned ($1.3 million or 0.69%) to indicate that it is intended to be used for specific purposes supported by management’s intent; committed ($45.8 million or 23.59%) to indicate that it can be used only for the specific purposes determined by a formal vote of the City Council; restricted ($88.5 million or 45.56%) to indicate that it can be spent only for the specific purposes stipulated by constitution, external resource providers, or through enabling legislation; or nonspendable ($84 thousand or 0.04%) to indicate that it cannot be spent or is legally or contractually required to remain intact. The General Fund is the chief operating fund of the City. Fund balance decreased from $68.4 million to $59.3 million, a decrease of $9.1 million or 13.4% during the current fiscal year versus an increase of $19.1 million for fiscal 2021. Expenditures increased $9.3 million (6.9%) due to budgeted increases in every department due to rising personnel and operating costs, while total revenues increased by $104 thousand (0.07%). A decrease in investment earnings of $9.5 million resulting from a decrease in market valuation of the City’s investment portfolio due to rising interest rates was largely offset by an increase in taxes primarily due to an increase in taxable property values of approximately 5.2%, including new construction; an increase in intergovernmental revenues of $2.6 million primarily due to increases in half- cent sales tax of $1.0 million, state revenue sharing of $1.1 million, and funding for public safety pensions of $375 thousand; an increase of $754 thousand in licenses and permits due to increased building activity; and an increase of $878 thousand in charges for services representing the first increase since 2019 pre-COVID activity. Transfers in increased $21.2 million primarily due to a transfer of $22.5 million from the Special Programs Fund to recognize ARPA funding, while transfers out increased $41.5 million. In addition to $20.1 million transferred back to the Special Programs Fund and to the Capital Improvement Fund for ARPA-designated initiatives, additional significant transfers out include $7.4 million to the Capital Improvement Fund for the New City Hall project, $2.8 million to the Capital Improvement Fund for the Fire Station 46 project, $2.3 million to the Clearwater Harbor Marina Fund for the Clearwater Harbor Marina Replacement & Upgrade project, $1.0 million to the Capital Improvement Fund for the Traffic Signals project, $700 thousand to the Capital Improvement Fund for the Athletic Field Structures project, $700 thousand to the Administrative Services Fund for the Citywide Connectivity project, $610,000 to the Capital Improvement Fund for the City Hall Demo project, and $600 thousand to the Capital Improvement Fund for the Clearwater Municipal Cemetery Renovations project. The fund balance of the Special Development Fund increased from $14.3 million to $16.3 million, an increase of $2.0 million or 14.3%, during the current fiscal year versus an increase of $2.7 million for fiscal 2021. Total revenues decreased by $1.5 million, primarily due to decrease in investment earnings of $4.4 million resulting from a decrease in market valuation of the City’s investment portfolio due to rising interest rates, offset by an increase in infrastructure sales taxes of $2.3 million due to a rebounding economy, and an increase in licenses, permits and fees of $400 thousand due to increased building activity. Transfers out decreased by $856 thousand primarily due to a decrease in transfers to the Capital Improvement Fund to fund projects. Fund balance in the Special Programs Fund increased from $17.2 million to $25.3 million, an increase of $8.1 million or 47.3% during the current fiscal year versus an increase of $2.8 million for fiscal 2021. Revenues increased $17.1 million, or 256.6%, primarily in the intergovernmental revenue category, due to the recognition of $22.5 million in Coronavirus State and Local Fiscal Recovery Funds (SLFRF) authorized by the American Rescue Plan Act (ARPA), offset by a decrease of $2.7 million in investment earnings due to decrease in market value of the City’s investment portfolio resulting from rising interest rates. Expenditures increased $855 thousand, primarily in the public safety program due to increased expenditures in law enforcement programs. Transfers in increased $11.2 million, primarily due to ARPA funding received 14 from the General Fund for various programs. Transfers out increased $22.1 million, primarily due to ARPA funds initially allocated to General Fund government operations as revenue recovery. The fund balance for the Capital Improvement Fund increased from $67.5 million to $79.3 million during the current fiscal year. This increase of $11.8 million is primarily the result of current year funding received from other funds in excess of capital project expenditures. This is typical volatility for the Capital Improvement Fund due to timing differences between project funding and project spending. The fund balances for Other (non-major) Governmental Funds posted an increase of $2.7 million (from $11.3 million to $14.0 million) during the current fiscal year. Proprietary Funds The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. The City reports the Water and Sewer Utility Fund, the Gas Utility Fund, the Solid Waste & Recycling Utility Fund, and the Stormwater Utility Fund as major funds. The Water and Sewer Utility Fund realized a $2.9 million decrease in net position versus a $23.6 million increase for the prior year. Operating revenues increased by $5.6 million, or 5.8%, while operating expenses increased $16.1 million, or 24.0%. This resulted in a net decrease in operating income of $10.5 million from $29.7 million in fiscal 2021 to $19.2 million in 2022. Additionally, capital grants and contributions increased by $3.2 million, or 185.6%, primarily due to an increase in contributions from the City of Safety Harbor for improvements at the Northeast Wastewater Treatment Plant, while investment earnings decreased by $16.5 million (3421.2%) due to a decrease in market valuation of the City’s investment portfolio resulting from rising interest rates. The increase in operating revenues was primarily the result of a 4.0% rate increase effective October 1, 2021. The most significant increases in operating expenses were in professional services ($5.6 million) primarily due to the reclassification of abandoned projects from construction in progress to expense, repairs and maintenance ($9.0 million) due to increased repair and replacement projects, and insurance premiums ($570 thousand) due to increased chargebacks by the Central Insurance Fund due to increased excess insurance premiums and claims history. The Gas Utility Fund realized a decrease of $295 thousand in net position versus a $2.9 million increase for the prior year. Operating revenues increased by $4.3 million, or 10.0%, from the prior year, while operating expenses increased by $6.4 million (17.6%). This resulted in a net decrease in operating income of $2.1 million from $6.5 million in 2021 to $4.4 million in 2022. Operating revenues increased primarily due to an increase of $4.9 million in charges for services resulting from a new rate structure with rate increases effective March 1, 2021 and March 1, 2022. The increase in operating expenses was primarily due to an increase in purchases for resale of $6.4 million resulting from increased natural gas commodity prices. The Solid Waste & Recycling Utility Fund realized a $2.2 million increase in net position versus a $3.9 increase in the prior year. Operating revenues increased by $1.7 million, or 5.9%, while operating expenses decreased by $15 thousand (0.06%), resulting in an increase of $1.7 million in operating income. The increase in operating revenues was primarily due to a rate increase of 3.75% effective October 1, 2021, as well as an increase in commercial collections. Operating expenses remained fairly flat with a decrease of $15 thousand. The Stormwater Utility Fund realized a decrease in net position of $75 thousand versus a prior year increase of $2.7 million. Operating revenues increased by $52 thousand, or 0.30%, and operating expenses decreased $1.4 million, or 11.8%, resulting in an increase of $1.5 million in operating income. Operating revenues were fairly flat with an increase of $52 thousand. There were no rate changes in fiscal 2022. Operating expenses decreased primarily due to a decrease of $204 thousand in interfund service charges, a decrease of $378 thousand in personal services, and a decrease of $804 thousand in repairs and maintenance due to a reduction in repair and replacement projects. 15 Unrestricted net position and changes in net position of the proprietary funds for fiscal years 2022 and 2021: Fund 2022 2021 2022 2021 Water and Sewer Utility 171,595,982$ 157,804,554$ (2,903,563)$ 23,555,488$ Gas Utility 28,738,358 24,561,180 (294,961) 2,921,159 Solid Waste & Recycling Utility 41,697,518 31,235,987 2,188,313 3,890,438 Stormwater Utility 40,889,102 45,035,614 (75,369) 2,667,067 Other funds 48,464,070 30,843,736 5,029,857 5,615,523 Totals 331,385,030$ 289,481,071$ 3,944,277$ 38,649,675$ Unrestricted Net Position Change in Net Position General Fund Budgetary Highlights The final amended budget for General Fund expenditures reflected a net increase of $664,328, or 0.45%, from the original budget. Key elements of this increase were as follows:  First Quarter Budget Amendments included an increase of $3,786 for employee recognition in various departments for the quarterly safety award; an increase of $139,700 in the City Attorney’s Office to cover unbudgeted personnel expenses due to the retirement and replacement of the City Attorney; an increase of $115,000 in CRA Administration to fund a new Assistant Director position; an increase of $241,980 in Human Resources for cultural assessment consulting services; a decrease of $167,750 in Police Department salaries to fund overtime for special events in the Special Programs Fund; and a decrease of $53,314 in Police Department contractual services to fund the Police Body Worn Camera program in the Special Programs Fund.  Mid-Year Budget Amendments included an increase of $50,000 in Economic Development and Housing for consulting services; a decrease of $18,691 in Parks & Recreation to fund the Crest Lake Park Improvement project in the Capital Improvement Fund; an increase of $400,000 in Planning & Development for building inspections and plans review; and an increase of $30,063 in the Police Department for refurbishment of command vehicles.  Third Quarter Budget Amendments included an increase to the Fire Department of $398,032 for the Fire Supplemental Pension Plan; a decrease of $600,000 in Parks & Recreation to fund the Clearwater Municipal Cemetery Renovations project in the Capital Improvement Fund; and an increase to the Police Department of $125,522 for the Police Supplemental Pension Plan. Final budgeted revenues reflect a net increase of $9,598,000, or 6.3%, from the original budget primarily due to:  First Quarter Budget Amendments included an increase of $139,700 in Intergovernmental revenue to bring the budget in line with actual state revenue sharing received from the state.  Mid-Year Budget Amendments included an increase of $400,000 in other permits and fees to reflect an increase in building and sign permit revenues collected.  Third Quarter Budget Amendments included an increase of $535,496 in Ad Valorem Taxes to reflect actual property tax collections to date; an increase of $480,000 in Utility Taxes to bring the budget in line with anticipated receipts for the year; an increase of $75,000 in Local Option, Fuel and Other Taxes to bring the budget in line with actual business tax receipts for the year; an increase of $742,450 in Franchise Fees to bring the budget in line with anticipated receipts for the year; an increase of $1,070,000 in Other Permits and Fees to bring the budget in line with anticipated building and sign permit receipts for the year; an increase of $3,999,854 in Intergovernmental revenue to include an increase of $1,226,300 to state revenue sharing, and increase of $1,710,000 to local half cent sales tax, an increase of $523,554 to public safety supplemental pension revenue, an increase of $240,000 to fire tax and an increase of $300,000 to EMS tax; an increase of $400,000 in Charges for Services to reflect increases in Pier 60 revenues; and an increase of $1,755,500 in Miscellaneous revenue to include $200,000 to interest earnings, $950,000 to beach rental contracts, and $605,500 to surplus land sales to recognize the proceeds from the sale of the Range Road property. 16 Final budgeted “transfers in” from other funds reflect an increase of $22,332,742 or 198.1%, from the original budget primarily due to:  A transfer of $3,786 from the Central Insurance Fund to recognize safety award funding; and  A transfer of $115,000 from the Community Redevelopment Agency to fund a new Assistant Director position;  A transfer of $30,063 from the Capital Improvement Fund to return unspent funds from the Command Bus Refurbishment project;  A transfer of $22,483,893 from the Special Programs Fund to recognize ARPA funding; and  A decrease of $300,000 from the Gas Utility Fund to bring revenues in line with actual gas dividends received. Final budgeted “transfers out” reflect an increase of $38,134,449 or 236.8%, from the original budget primarily due to:  A transfer of $167,750 to the Special Programs Fund for overtime expenses in the Special Events program;  A transfer of $53,314 to the Special Programs Fund for the Police Body Worn Camera program;  A transfer of $400,000 to the Capital Improvement Fund for the Sailing Center Dock Replacement project;  A transfer of $300,000 to the Capital Improvement Fund for the Greenprint Implementation project;  A transfer of $2,800,000 to the Capital Improvement Fund for the Fire Station 46 project;  A transfer of $18,690 to the Capital Improvement Fund for the Crest Lake Park Improvement project;  A transfer of $2,289,695 to the Clearwater Harbor Marina Fund for the Clearwater Harbor Marina Replacement & Upgrade project;  A transfer of $7,350,000 to the Capital Improvement Fund for the New City Hall project;  A transfer of $600,000 to the Capital Improvement Fund for the Clearwater Municipal Cemetery Renovations project;  A transfer of $370,000 to the Debt Service Fund for initial Imagine Clearwater bond payments;  A transfer of $5,000,000 to the Special Programs Fund for the ARPA North Greenwood CRA program;  A transfer of $3,500,000 to the Administrative Services Fund for the ARPA Fiber Upgrades project;  A transfer of $3,300,000 to the Special Programs Fund for the ARPA Affordable Housing program;  A transfer of $2,000,000 to the Capital Improvement Fund for the ARPA Streets and Sidewalks project;  A transfer of $2,000,000 to the Capital Improvement Fund for the ARPA Solar Panels project;  A transfer of $1,000,000 to the Special Programs Fund for the ARPA Pinellas Community Foundation program;  A transfer of $1,000,000 to the Special Programs Fund for the ARPA Non-Profit Grants program;  A transfer of $1,000,000 to the Special Programs Fund for the ARPA Education Grants and Partnerships program;  A transfer of $700,000 to the Capital Improvement Fund for the ARPA State Street Park Improvements project;  A transfer of $625,000 to the Capital Improvement Fund for the Main Library Renovation project;  A transfer of $610,000 to the Capital Improvement Fund for the City Hall Demo project;  A transfer of $700,000 to the Capital Improvement Fund for the Athletic Field Structures project at Sid Lickton and Countryside little league fields;  A transfer of $200,000 to the Capital Improvement Fund for the Public Works Complex project to fund temporary office buildings;  A transfer of $200,000 to the Capital Improvement Fund for the Neighborhood Reinvestment Fund project for placemaking and neighborhood engagement;  A transfer of $1,000,000 to the Capital Improvement Fund for the Traffic Signals project to fund signal integrations with the County’s Intelligent Transportation Systems (ITS);  A transfer of $700,000 to the Administrative Services Fund for the Citywide Connectivity project to fund scheduled buildout of the City’s fiber network; and  A transfer of $250,000 to the Administrative Services Fund for the Business Process Review & Improvement project to fund the evaluation of business processes and innovative solutions. Total actual revenues for the General Fund for fiscal 2022 were $8.1 million, or 5.0%, less than final budgeted revenues. The most significant shortfall was a $10.4 million investment loss due to depreciation in the fair value of investments resulting from rising interest rates, offset by excesses of $717 thousand in utility taxes, $381 thousand in licenses, permits and fees, $622 thousand in intergovernmental revenues, and $589 thousand in miscellaneous revenues. Fiscal 2022 actual expenditures for the General Fund were $4.9 million (3.3%) less than final budgeted expenditures, primarily due to budget savings across most City departments for fiscal 2022. 17 Capital and Right to Use Asset and Debt Administration Capital and Right to Use Assets Capital assets include land, buildings and building improvements, improvements other than buildings, machinery and equipment, and infrastructure. The infrastructure asset category includes long-lived capital assets, typically stationary in nature, such as roads, sidewalks, and bridges. Right to use assets include buildings and machinery and equipment accounted for in accordance with GASB Statement No. 87, Leases, implemented in fiscal 2022. As of September 30, 2022, the City reported capital assets and right to use assets totaling $759,662,156 (net of accumulated depreciation and amortization). 2022 2021 2022 2021 2022 2021 Capital assets: Land 92,467$ 92,281$ 30,599$ 30,829$ 123,066$ 123,110$ Buildings 81,694 84,953 58,714 69,535 140,408 154,488 Improvements other than buildings 30,651 24,152 301,998 315,053 332,649 339,205 Machinery and equipment 24,715 31,308 7,547 8,571 32,262 39,879 Infrastructure 36,999 41,347 - - 36,999 41,347 Construction in progress 68,923 27,181 23,964 11,193 92,887 38,374 Total capital assets, net 335,449 301,222 422,822 435,181 758,271 736,403 Right to use assets: Leased buildings 579 973 - - 579 - Lease machinery and equipment 812 904 - - 812 - Total right to use assets, net 1,391 1,877 - - 1,391 - Total capital and right to use assets, net 336,840$ 303,099$ 422,822$ 435,181$ 759,662$ 736,403$ * Net of accumulated depreciation and amortization Governmental Activities TotalBusiness-type Activities City of Clearwater, Florida - Capital and Right to Use Assets* (amounts in thousands) Net capital and right to use assets for the City’s governmental activities increased from $303.1 million (as restated) to $336.8 million, reflecting an increase of $33.7 million for the current fiscal year. Capital asset additions of $57.9 million were offset by depreciation expense of $22.8 million, and net capital asset retirements totaling approximately $850 thousand. Right to use assets decreased $486 thousand, net of accumulated amortization, with the implementation of GASB Statement No. 87 in fiscal 2022. Major fiscal 2022 completed governmental capital projects include $6.7 million for Crest Lake Park Improvements, $786 thousand for sound mitigation panels at the police firearms training range, and $552 thousand for the Belmont Park Revitalization project. Net capital assets for the City’s business-type activities decreased from $435.2 million to $422.8 million, reflecting a decrease of $12.3 million for the current fiscal year. Capital asset additions of $21.2 million were offset by depreciation expense of $23.1million, and net capital asset retirements totaling $10.4 million. Major fiscal 2022 completed business- type capital projects include $1.3 million for the replacement of Hangar C at the airpark and $572 thousand for the completion of a shed and dumpster pads at the Clearwater Gas Complex. Additional information on the City’s capital assets can be found in Note III (C), and information on right to use assets can be found in Note III (D) of the notes to the financial statements. 18 Long-term debt and other long-term liabilities The City’s total long-term liabilities increased from $224.1 million to $236.8 million, an increase of $12.7 million or 5.7%. Long-term liabilities for governmental activities increased by $28.2 million, or 49.3%, while long-term liabilities for business-type activities decreased by $15.5 million or 9.3%. Key factors contributing to these changes included:  The increase in long-term liabilities of $28.2 million for governmental activities is primarily due to an increase in revenue bonds payable of $30.9 million, an increase in compensated absences of $435 thousand, an increase in net pension liability of $6.2 million, offset by a decrease in lease obligations of $521 thousand, a decrease in claims payable of $325 thousand, a decrease in financed purchase agreements of $5.4 million and a decrease in the liability for other postemployment benefits of $3.1 million.  The decrease in long-term liabilities of $15.5 million for business-type activities is primarily due to a reduction in revenue bonds payable of $14.5 million, a decrease in financed purchase agreements of $360 thousand, a decrease in compensated absences of $115 thousand, and a decrease in the liability for other postemployment benefits of $1.4 million, offset by an increase in net pension liability of $817 thousand.  The City’s bonds payable as of September 30, 2022, consists entirely of revenue bonds and direct placement bank loans (secured solely by specified revenue sources) with no general obligation debt or special assessment debt outstanding. Governmental activities revenue bonds totaled $34.7 million while revenue bonds and direct placement bank loans for business-type activities totaled $140.8 million. The City’s Charter limits indebtedness to 20% of the assessed valuation of non-exempt real estate. The current debt limitation is approximately $3.2 billion, which is significantly in excess of the City’s applicable indebtedness of approximately $169.4 million at September 30, 2022. Additional information on the City’s long-term debt can be found in Note III (I) of the notes to the financial statements. Economic Factors and Year 2023 Budgets and Rates Factors considered in preparing the City of Clearwater’s budget for fiscal year 2023 included:  Taxable property values for 2022 have increased by approximately 13.2%, from $13.4 billion to $15.2 billion, including new construction. The bulk of this increase ($1.5 billion) is related to increases in current values, while the value of new construction and annexations totals $249.1 million. Taxable values have experienced a dramatic rise this year due to the real estate market in the Tampa Bay area. Clearwater residents that qualify for homestead will recognize the Save Our Homes cap which limits the increase in assessed value to a cap of 3%, well below the actual growth in the real estate market. Due to the growth in property values, a reduced millage rate of 5.8850 mills was approved for fiscal year 2022/23, a decrease of .07 mills from the prior year’s rate of 5.955, which the city levied for four consecutive years.  Total full-time equivalent (FTE) positions for 2022/23 are budgeted at 1,876.0 FTEs for all City operations, an increase of 27.3 FTEs from the 2021/22 amended budget. In the General Fund, this represents a net increase of 38 for a total of 1,151.9 FTEs. All other funds total 724.1 FTEs, a net decrease of 10.7 FTEs from the current amended budget.  The actuary report for the Employees’ Pension Plan as of January 1, 2022, indicates that a minimum required City contribution of $11.7 million, 12.44% of total covered payroll, is required for fiscal year 2022/23. This is an increase of approximately $298,000 from the City’s fiscal year 2021/22 required contribution of $11.4 million. The plan’s credit balance, which reflects actual contributions in excess of actuarial required contributions in prior years, increased from $31.55 million to $33.82 million during calendar year 2021, primarily due to interest earned on the credit balance. This credit balance is available to subsidize volatile employer contribution requirements during future investment market downturns. Due to negotiated enhancements in Police pension benefits during fiscal 2020, the actuary provides separate contribution rates for non-hazardous and hazardous employees. The proposed budget plans for a contribution rate of 6.46% for non-hazardous and 20.90% of hazardous covered payroll in fiscal year 2022/23, as provided in the actuarial valuation. This represents a slight decrease in the contribution rate for hazardous employees in comparison to the current fiscal year.  For fiscal year 2022/23, the cost of medical care for employees is budgeted at $22.4 million across all City operations, representing an estimated 15% increase. Included in this total is $1.7 million to fund the operating costs of the employee health clinic. The budgeted cost for medical care to the General Fund is estimated at $13.9 19 million, an increase of $1.7 million, or 14%, over the current budget. Total cost for health insurance, to include coverage of dependents and retirees, is estimated at $24.1 million, which is budgeted in the Central Insurance Fund. Revenues from payroll deductions are budgeted to offset this expense.  A water and sewer fund rate study update was completed in July 2022. Based upon this rate study, 3% annual increases are planned. This new rate structure was approved by the City Council in September 2022, with annual 3% increases effective each October 1, through fiscal year 2027. A Gas rate study was completed in December 2020, which projected the financial position of the Gas Fund through 2025 and a cost-of-service analysis for each of the various classes of customers served. A new rate structure was established which was approved by the City Council in February 2021 including rate increases on March 1, 2021 and March 1, 2022. A solid waste and recycling rate study update was completed in May 2021. This confirmed the current rate structure which was approved by the City Council in August 2019. Effective each October 1, rates will increase by 3.75% annually, through fiscal year 2024. A stormwater rate study was completed in July 2022. Based upon this rate study, 1.75% annual increases are planned, effective October 1, 2022 through fiscal year 2027. This new rate structure was approved by the City Council in September 2022, with annual 1.75% increases effective each October 1 through fiscal year 2027. Contacting the City’s Financial Management This financial report is designed to provide a general overview of the City’s finances for all those with an interest in our government and to show the City’s accountability for the money it receives. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to: City of Clearwater, Finance Department, 100 South Myrtle Avenue, Clearwater, Florida 33756-5520. 20 This Page Intentionally Left Blank 21 Basic Financial Statements Governmental Business-type Activities Activities Total ASSETS Cash and investments $ 277,993,202 $ 318,532,499 $ 596,525,701 Receivables (net) 11,012,112 22,989,945 34,002,057 Internal balances 4,563,330 (4,563,330) - Due from other governments 7,577,657 1,329,181 8,906,838 Prepaid items 2,911,237 558,908 3,470,145 Inventories 570,246 3,320,613 3,890,859 Restricted assets: Cash and investments - 25,738,612 25,738,612 Net pension asset 1,289,199 - 1,289,199 Capital assets: Land 92,466,957 30,599,019 123,065,976 Buildings 81,694,027 58,713,851 140,407,878 Improvements other than buildings 30,650,487 301,998,267 332,648,754 Machinery and equipment 24,715,466 7,546,626 32,262,092 Infrastructure 36,999,426 - 36,999,426 Construction in progress 68,922,814 23,963,824 92,886,638 Right to use assets, net of accumulated amortization 1,391,392 - 1,391,392 Total assets 642,757,552 790,728,015 1,433,485,567 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows - bond refunding - 8,028,453 8,028,453 Deferred outflows - pension 125,033,399 16,564,604 141,598,003 Deferred outflows - other postemployment benefits 987,978 433,634 1,421,612 Total deferred outflows of resources 126,021,377 25,026,691 151,048,068 LIABILITIES Accounts payable and other current liabilities 16,870,863 13,022,687 29,893,550 Accrued liabilities 2,494,286 690,777 3,185,063 Accrued interest payable 365,260 24,231 389,491 Due to other governments 882,926 - 882,926 Deposits 15,300 88,558 103,858 Unearned revenue and liens 5,205 - 5,205 Payable from restricted assets: Construction contracts payable - 2,625,199 2,625,199 Accrued interest payable - 1,711,970 1,711,970 Customer deposits - 9,808,083 9,808,083 Bonds payable - 4,468,750 4,468,750 Non-current liabilities due within one year: Compensated absences 5,540,843 1,245,239 6,786,082 Financed purchases 5,406,861 213,543 5,620,404 Lease obligations 924,633 - 924,633 Bonds payable 295,000 1,466,250 1,761,250 Claims payable 4,079,616 - 4,079,616 Long-term debt and liabilities: Compensated absences 4,411,994 991,546 5,403,540 Other postemployment benefits 16,023,252 7,032,781 23,056,033 Financed purchases 1,973,412 319,210 2,292,622 Lease obligations 431,654 - 431,654 Bonds payable 34,436,447 134,861,186 169,297,633 Claims payable 5,662,888 - 5,662,888 Net pension liability 6,162,205 817,301 6,979,506 Total liabilities 105,982,645 179,387,311 285,369,956 DEFERRED INFLOWS OF RESOURCES Deferred inflows - business tax receipts 1,532,076 - 1,532,076 Deferred inflows - pension 9,653,616 1,280,370 10,933,986 Deferred inflows - other postemployment benefits 7,592,046 3,332,233 10,924,279 Deferred inflows - leases 2,437,472 5,560,673 7,998,145 Total deferred inflows of resources 21,215,210 10,173,276 31,388,486 NET POSITION Net investment in capital assets 296,598,838 284,557,636 581,156,474 Restricted for: Capital projects 51,379,282 - 51,379,282 Debt service 422,250 5,844,062 6,266,312 Renewal and replacement - 2,047,320 2,047,320 Grant programs 1,753,762 - 1,753,762 Impact fees - 3,701,979 3,701,979 Stormwater system fees - 14,318 14,318 Unrestricted 291,426,942 330,028,804 621,455,746 Total net position $ 641,581,074 $ 626,194,119 $ 1,267,775,193 The notes to the financial statements are an integral part of this statement. Primary Government City of Clearwater, Florida Statement of Net Position September 30, 2022 22 Program RevenuesOperating Primary Government Charges for Grants and Capital Grants & Governmental Business-TypeFunctions/Programs Expenses Services Contributions Contributions Activities Activities TotalPrimary government:Governmental activities:General government 14,809,908$ 26,543,449$ 22,483,893$ -$ 34,217,434$ -$ 34,217,434$ Public safety 96,123,391 13,694,756 2,788,930 - (79,639,705) - (79,639,705) Physical environment 4,245,215 32,580 - 361,223 (3,851,412) - (3,851,412) Transportation 18,496,930 159,971 683,228 822,217 (16,831,514) - (16,831,514) Economic environment 4,860,554 1,323,067 3,457,974 - (79,513) - (79,513) Human services 745,854 - 391,299 - (354,555) - (354,555) Culture and recreation 47,191,882 9,073,504 1,629,475 637,875 (35,851,028) - (35,851,028) Interest on long-term debt 1,214,810 - - - (1,214,810) - (1,214,810) Total governmental activities 187,688,544 50,827,327 31,434,799 1,821,315 (103,605,103) - (103,605,103) Business-type activities:Water & Sewer Utility 88,560,740 102,430,115 - 4,865,929 - 18,735,304 18,735,304 Gas Utility 43,643,399 47,355,116 - - - 3,711,717 3,711,717 Solid Waste Utility 22,090,198 28,027,631 - - - 5,937,433 5,937,433 Stormwater Utility 11,874,808 17,300,453 - - - 5,425,645 5,425,645 Recycling Utility 3,163,881 3,250,947 83,528 - - 170,594 170,594 Marine 6,187,119 7,090,496 - - - 903,377 903,377 Aviation 538,048 335,286 - 316,811 - 114,049 114,049 Parking System 5,031,397 10,962,928 - - - 5,931,531 5,931,531 Clearwater Harbor Marina 1,141,287 970,870 - - - (170,417) (170,417) Total business-type activities 182,230,877 217,723,842 83,528 5,182,740 - 40,759,233 40,759,233 Total primary government 369,919,421$ 268,551,169$ 31,518,327$ 7,004,055$ (103,605,103) 40,759,233 (62,845,870) General revenues: Taxes: Property taxes 76,820,577 - 76,820,577 Sales taxes 26,167,426 - 26,167,426 Utility taxes 18,467,096 - 18,467,096 Communications services taxes 4,190,145 - 4,190,145 Local business tax 2,066,475 - 2,066,475 Local option gas tax 1,460,864 - 1,460,864 Intergovernmental: State revenue sharing - unrestricted 5,339,006 - 5,339,006 Investment earnings (loss) (25,821,857) (30,792,608) (56,614,465) Miscellaneous 114,310 - 114,310 Transfers 9,217,207 (9,217,207) - Total general revenues and transfers 118,021,249 (40,009,815) 78,011,434 Change in net position 14,416,146 749,418 15,165,564 Net position - beginning 627,164,928 625,444,701 1,252,609,629 Net position - ending 641,581,074$ 626,194,119$ 1,267,775,193$ The notes to the financial statements are an integral part of this statement.City of Clearwater, FloridaStatement of ActivitiesFor the Year Ended September 30, 2022 Net (Expense) Revenue and Changes in Net Position23 Special Special Capital Other Totals General Development Programs Improvement Governmental Governmental Fund Fund Fund Fund Funds Funds ASSETS Cash and investments $ 60,763,823 $ 12,700,010 $ 24,962,729 $ 77,500,242 $ 14,392,563 $190,319,367 Receivables (net where applicable, of allowances for estimated uncollectible amounts): Accrued interest 158,430 103,133 50,897 53,570 22,569 388,599 Accounts and contracts 462,711 - - - - 462,711 Mortgages, notes and other loans - - 2,566,614 - 2,279,834 4,846,448 Property taxes 48,789 5,038 - - - 53,827 Utility taxes 1,497,507 - - - - 1,497,507 Franchise fees 1,074,813 - - - - 1,074,813 Leases 2,379,980 - - - - 2,379,980 Other 46,396 - 1,325 17,622 - 65,343 Due from other funds - - - 3,701,646 - 3,701,646 Due from other governmental entities - grants - - 375,281 - - 375,281 Due from other governmental entities - other 2,759,147 4,281,259 161,962 - - 7,202,368 Inventories, at cost 83,765 - - - - 83,765 Prepaid items 660 - - - - 660 Advances to other funds - - 325,440 9,804,866 - 10,130,306 Total assets $ 69,276,021 $ 17,089,440 28,444,248 $ 91,077,946 $ 16,694,966 $222,582,621 LIABILITIES Accounts and contracts payable $ 2,579,800 $ - 384,606 $ 11,826,534 $ 29,013 $ 14,819,953 Accrued payroll 2,248,331 - 37,626 858 - 2,286,815 Due to other funds 133,011 - - - - 133,011 Due to other governments 70,878 764,048 - - 48,000 882,926 Deposits 15,300 - - - - 15,300 Unearned revenue 195,361 - 5,206 - - 200,567 Advances from other funds 444,103 - - - 325,440 769,543 Total liabilities 5,686,784 764,048 427,438 11,827,392 402,453 19,108,115 DEFERRED INFLOWS OF RESOURCES Deferred inflows - business tax receipts 1,532,076 - - - - 1,532,076 Deferred inflows - unavailable property tax revenues 48,789 5,038 - - - 53,827 Deferred inflows - unavailable code enforcement lien revenues 284,449 - - - - 284,449 Deferred inflows - unavailable mortgage note revenues - - 2,566,613 - 2,279,834 4,846,447 Deferred inflows - unavailable intergovernmental revenues - - 164,197 - - 164,197 Deferred inflows - leases 2,437,472 - - - - 2,437,472 Total deferred inflows of resources 4,302,786 5,038 2,730,810 - 2,279,834 9,318,468 FUND BALANCES Nonspendable inventories and prepaid items 84,425 - - - - 84,425 Restricted - 15,711,740 18,830,273 39,900,623 14,012,679 88,455,315 Committed - - 6,455,727 39,349,931 - 45,805,658 Assigned 737,201 608,614 - - - 1,345,815 Unassigned 58,464,825 - - - - 58,464,825 Total fund balances 59,286,451 16,320,354 25,286,000 79,250,554 14,012,679 194,156,038 Total liabilities, deferred inflows and fund balances $ 69,276,021 $17,089,440 $ 28,444,248 $ 91,077,946 $ 16,694,966 $222,582,621 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Balance Sheet Governmental Funds September 30, 2022 24 Total fund balances of governmental funds 194,156,038$ Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. The cost of the assets totals $679,387,728 and the accumulated depreciation totals $343,938,551.335,449,177 Right to use leased assets used in governmental activities are not financial resources and therefore are not recognized in the funds: Right to use assets 2,272,992 Accumulated amortization (881,600) Unavailable revenues that are not available as financial resources in the current period and therefore are not recognized in the funds: Deferred inflows - mortgage notes 4,846,447$ Deferred inflows - intergovernmental revenues 164,197 Accrued property taxes 53,827 Accrued liens 459,034 Accrued permit fees 20,777 5,544,282 The net pension asset related to governmental activities does not represent financial resources and is not reported in the funds. Deferred outflows relating to deferred amounts on refundings, pensions, and OPEB are not financial resources and, therefore, are not reported in the funds 126,021,377 Deferred inflows relating to pensions and other postemployment benefits are not current liabilities or financial uses and, therefore, are not reported in the funds (17,245,662) Accrued pollution remediation obligation expenses are not financial uses and, therefore, are not reported in the funds. Accrued general long-term debt and lease interest expenses are not financial uses and, therefore, are not reported in the funds. The assets and liabilities of the internal service funds (funds used to charge the costs of certain activities to individual funds) are included in the governmental activities in the statement of net position. Net position of internal service funds 90,583,804 Less: Capital assets included in total governmental capital assets above (26,367,881) Less: Right to use assets included in total governmental capital assets above (955,226) Less: Deferred outflows included in total governmental above (5,452,567) Add: Deferred inflows included in total governmental above 1,331,598 Add: Financed purchases included in total governmental below 6,501,850 Add: Lease liabilities included in total governmental below 942,769 Add: Compensated absences included in total governmental below 906,391 Add: Other post-employment benefits included in total governmental below 1,940,395 Add: Net pension liability included in total governmental below 263,126 Less: Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds 71,050,485 Lease interest revenues are not recognized in the current period because the resources are not available and, therefore, are not reported in the funds.11,892 Long-term liabilities, including bonds payable, are not due and payable in the current period and, accordingly, are not reported in the funds. Long-term liabilities at year-end consist of: Bonds payable (33,480,000) Add: Issuance premium (to be amortized as a reduction of interest expense) (1,251,447) Financed purchases (7,380,273) Lease liabilities (1,356,287) Other post-employment benefits (16,023,252) Compensated absences (9,952,837) Net pension liability (6,162,205) (75,606,301) Total net position of governmental activities 641,581,074$ The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position September 30, 2022 1,356,226 1,289,199 (177,177) (303,628) 25 Special Special Capital Other Total General Development Programs Improvement Governmental Governmental Fund Fund Fund Fund Funds Funds REVENUES Taxes: Property $ 73,194,842 $ 3,661,590 $ - $ - $ - $ 76,856,432 Sales - 16,585,888 - - - 16,585,888 Utility 18,467,096 - - - - 18,467,096 Communications services 4,190,145 - - - - 4,190,145 Other taxes 2,066,475 1,460,864 - - - 3,527,339 Total taxes 97,918,558 21,708,342 - - - 119,626,900 Franchise fees 10,787,009 - - - - 10,787,009 Licenses, permits, and fees 4,659,192 1,759,741 - - - 6,418,933 Intergovernmental: Federal - - 23,301,386 - - 23,301,386 State 18,517,243 - 38,777 - 1,251,587 19,807,607 Local 10,503,779 - 391,300 149,566 2,483,339 13,527,984 Total intergovernmental 29,021,022 - 23,731,463 149,566 3,734,926 56,636,977 Charges for services 16,538,123 - 1,726,648 189 - 18,264,960 Fines and forfeitures 1,607,344 - 779,604 - - 2,386,948 Investment earnings (loss): Interest 905,447 565,361 377,764 133,723 286,503 2,268,798 Net appreciation (depreciation) in fair value (10,612,351) (5,188,882) (3,107,163) - (1,385,596) (20,293,992) Total investment earnings (loss) (9,706,904) (4,623,521) (2,729,399) 133,723 (1,099,093) (18,025,194) Rents and leases 2,538,288 - - - 2,538,288 Miscellaneous 1,088,854 - 237,554 90,178 78,748 1,495,334 Total revenues 154,451,486 18,844,562 23,745,870 373,656 2,714,581 200,130,155 EXPENDITURES Current: General government 13,617,551 - 374,673 521,760 - 14,513,984 Public safety 83,809,519 - 2,600,431 858,991 - 87,268,941 Physical environment 3,718,994 - 68,653 215,769 - 4,003,416 Transportation 5,778,235 - - 8,241,229 - 14,019,464 Economic environment 2,340,339 - 861,831 - 1,555,717 4,757,887 Human services 322,611 - 405,195 - - 727,806 Culture and recreation 34,562,605 - 319,332 4,016,922 - 38,898,859 Debt service: Principal 308,667 - - 32,489 1,005,803 1,346,959 Interest & fiscal charges 2,626 - - 211 219,331 222,168 Bond issuance costs - - - - 482,118 482,118 Capital outlay - - 80,032 51,289,177 452,757 51,821,966 Total expenditures 144,461,147 - 4,710,147 65,176,548 3,715,726 218,063,568 Excess (deficiency) of revenues over (under) expenditures 9,990,339 18,844,562 19,035,723 (64,802,892) (1,001,145) (17,933,413) OTHER FINANCING SOURCES (USES) Transfers in 33,748,446 - 12,098,174 47,866,929 9,425,969 103,139,518 Transfers out (54,188,426) (16,801,790) (23,020,015) (2,099,908) (6,192,285) (102,302,424) Proceeds from the sale of capital assets 616,165 - 500 17,994 - 634,659 Proceeds from lease obligations 695,001 - - 59,673 - 754,674 Other long-term debt issued - - - 30,743,821 482,118 31,225,939 Total other financing sources (uses) (19,128,814) (16,801,790) (10,921,341) 76,588,509 3,715,802 33,452,366 Net change in fund balances (9,138,475) 2,042,772 8,114,382 11,785,617 2,714,657 15,518,953 Fund balances - beginning 68,424,926 14,277,582 17,171,618 67,464,937 11,298,022 178,637,085 Fund balances - ending $ 59,286,451 $ 16,320,354 $ 25,286,000 $ 79,250,554 $ 14,012,679 $194,156,038 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental FundsFor the Year Ended September 30, 2022 26 Net change in fund balances - total governmental funds 15,518,953$ Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures while governmental activities report depreciation expense to allocate those costs over the life of the assets. This is the amount by which capital outlays exceeded depreciation in the current period. Expenditures for capital assets 51,939,159$ Less current year depreciation (12,661,626) Right to use leased assets 754,674 Amortization (318,508) 39,713,699 The net book value of capital asset dispositions is reported in the Statement of Activities but does not require the use of current financial resources and therefore is not reported in the funds.(837,539) Financed purchases provide current financial resources to governmental funds; however, financed purchases increase long-term liabilities in the Statement of Net Position. In the current year these amounts are: Revenue bond proceeds (31,225,939) Proceeds from financed purchases (754,674) Deferred outflows and deferred inflows are not current resources or uses of current financial resources and consequently are not reported in the funds: Current year change in deferred outflows 102,258,607 Current year change in deferred inflows 123,789,842 Repayment of long term debt principal is an expenditure in the governmental funds; however, the repayment reduces long-term liabilities in the Statement of Net Position. Current year amounts are: Revenue bond principal payments 295,000 Lease obligations principal payments 341,156 Financed purchase principal payments 710,801 1,346,957 Net pension asset is not a current financial resource and consequently is not reported in the funds; however, it is an asset in the Statement of Net Position. Current year change in the net pension asset (215,207) Net pension liability does not require the use of current financial resources and consequently is not reported in the funds. However it is a liability in the Statement of Net Position. Current year change in the net pension liability (232,897,045) Liability for other post-employment benefits (OPEB) does not require the use of current financial resources and consequently is not reported in the funds; however, it is a liability in the Statement of Net Position. Current year change in the liability for other post-employment benefits 2,669,093 Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported as expenditures in the governmental funds: Current year change in compensated absences (528,051) Amortization of bond discounts and premiums 25,039 Current year change in pollution remediation obligation 18,243 Current year change in accrued interest expense (286,885) (771,654) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds: Current year change in accrued property taxes receivable (35,855) Current year change in accrued liens receivable (93,239) Current year change in accrued lease interest receivable 11,892 Current year change in deferred permit fees 2,400 The net revenues of internal service funds (funds used to charge the costs of certain activities to individual funds) for governmental activities are reported in the Statement of Activities but not in the governmental funds.(4,064,145) Total change in net position of governmental activities 14,416,146$ The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds For the Year Ended September 30, 2022 to the Statement of Activities 27 Variance with Actual Final Budget Original Final Amounts Positive (Negative) Taxes: Property $72,648,340 $ 73,183,836 $ 73,194,842 $ 11,006 Utility taxes 17,270,000 17,750,000 18,467,096 717,096 Communications services 4,130,000 4,130,000 4,190,145 60,145 Other taxes 1,950,000 2,025,000 2,066,475 41,475 Total taxes 95,998,340 97,088,836 97,918,558 829,722 Franchise fees 10,527,550 11,270,000 10,787,009 (482,991) Licenses, permits, and fees 2,808,500 4,278,500 4,659,192 380,692 Intergovernmental: State 14,766,740 18,366,294 18,517,243 150,949 Local 9,492,940 10,032,940 10,503,779 470,839 Total intergovernmental 24,259,680 28,399,234 29,021,022 621,788 Charges for services 15,799,810 16,199,810 16,538,123 338,313 Fines and forfeitures 1,429,000 1,429,000 1,607,344 178,344 Investment earnings (loss): Interest 500,000 700,000 905,447 205,447 Net appreciation (depreciation) in fair value - - (10,612,351) (10,612,351) Total investment earnings (loss)500,000 700,000 (9,706,904) (10,406,904) Rents and leases 1,720,000 2,670,000 2,538,288 (131,712) Miscellaneous 499,226 499,226 1,088,854 589,628 Total revenues 153,542,106 162,534,606 154,451,486 (8,083,120) EXPENDITURES General government City Council 382,070 382,070 362,524 19,546 City Manager's Office 1,368,830 1,368,884 1,277,980 90,904 City Attorney's Office 1,826,656 1,966,428 1,781,237 185,191 Official Records & Legislative Services 1,307,108 1,307,156 1,215,536 91,620 Public Communications 1,249,489 1,249,555 1,142,278 107,277 Finance 2,800,130 2,800,310 2,385,436 414,874 Human Resources 1,419,680 1,419,782 1,212,769 207,013 Non-Departmental 2,898,989 2,398,989 2,722,743 (323,754) Engineering 101,884 101,883 89,653 12,230 Planning 1,750,513 1,750,513 1,465,388 285,125 City Auditor's Office 233,752 233,764 223,301 10,463 Total general government 15,339,101 14,979,334 13,878,845 1,100,489 Public safety Police 48,773,654 48,708,175 47,509,876 1,198,299 Fire 30,007,080 30,906,336 31,427,958 (521,622) Development & Neighborhood Services 4,983,603 5,383,603 4,921,684 461,919 Total public safety 83,764,337 84,998,114 83,859,518 1,138,596 Physical environment Engineering 3,022,543 3,022,543 2,659,693 362,850 Parks and Recreation 1,227,393 1,224,393 1,059,301 165,092 Total physical environment 4,249,936 4,246,936 3,718,994 527,942 Transportation Engineering 4,941,172 4,941,172 4,485,637 455,535 Parks and Recreation 1,426,701 1,249,377 1,292,598 (43,221) Total transportation 6,367,873 6,190,549 5,778,235 412,314 Economic environment CRA Administration 504,274 619,304 520,356 98,948 Economic Development 1,904,252 1,954,324 1,819,983 134,341 Total economic environment 2,408,526 2,573,628 2,340,339 233,289 Human Services Human Resources / Equity Services 243,093 485,073 322,611 162,462 Total human services 243,093 485,073 322,611 162,462 Culture and recreation Parks and Recreation 26,770,537 26,373,465 25,435,425 938,040 Library 8,306,337 8,306,841 7,682,513 624,328 Marine 1,265,412 1,225,540 1,444,667 (219,127) Total culture and recreation 36,342,286 35,905,846 34,562,605 1,343,241 Total expenditures 148,715,152 149,379,480 144,461,147 4,918,333 Excess (deficiency) of revenues over (under) expenditures 4,826,954 13,155,126 9,990,339 (3,164,787) OTHER FINANCING SOURCES (USES) Transfers in 11,276,294 33,609,036 33,748,446 139,410 Transfers out (16,103,248) (54,237,697) (54,188,426) 49,271 Proceeds from sale of capital assets - 605,500 616,165 10,665 Proceeds from lease obligations - - 695,001 695,001 Total other financing sources (uses) (4,826,954) (20,023,161) (19,128,814) 894,347 Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses Fund balances - beginning 68,424,926 68,424,926 68,424,926 - Fund balances - ending $ 68,424,926 $ 61,556,891 $ 59,286,451 $ (2,270,440) The notes to the financial statements are an integral part of this statement. Budgeted Amounts (2,270,440) City of Clearwater, Florida Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual General Fund For the Year Ended September 30, 2022 REVENUES - (6,868,035) (9,138,475) 28 Variance with Final Budget Actual Positive Original Final Amounts (Negative) REVENUES Taxes: Property $ 3,634,340 $ 3,660,934 $ 3,661,590 $ 656 Sales 12,699,480 16,099,480 16,585,888 486,408 Other taxes 1,350,000 1,462,000 1,460,864 (1,136) Total taxes 17,683,820 21,222,414 21,708,342 485,928 Licenses, permits, and fees 150,000 1,767,078 1,759,741 (7,337) Investment earnings (loss): Interest 300,000 481,875 565,361 83,486 Net appreciation (depreciation) in fair value - - (5,188,882) (5,188,882) Total investment earnings (loss) 300,000 481,875 (4,623,521) (5,105,396) Total revenues 18,133,820 23,471,367 18,844,562 (4,626,805) EXPENDITURES Total expenditures - - - - Excess of revenues over expenditures 18,133,820 23,471,367 18,844,562 (4,626,805) OTHER FINANCING SOURCES (USES) Transfers in - - - - Transfers out (16,451,790) (16,801,790) (16,801,790) - Total other financing sources (uses) (16,451,790) (16,801,790) (16,801,790) - Excess (deficiency) of revenues and other financing sources over (under) expenditures and other financing uses 1,682,030 6,669,577 2,042,772 (4,626,805) Fund balances - beginning 14,277,582 14,277,582 14,277,582 - Fund balances - ending $ 15,959,612 $ 20,947,159 $ 16,320,354 $ (4,626,805) The notes to the financial statements are an integral part of this statement. For the Year Ended September 30, 2022 Budgeted Amounts City of Clearwater, Florida Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual (GAAP Basis) Special Development Fund 29 Water Solid Waste and Sewer Gas & Recycling Utility Utility Utility ASSETS Current assets: Cash and investments $ 164,048,004 $ 25,043,947 $ 41,609,330 Accrued interest receivable 308,595 47,215 69,521 Accounts and contracts receivable: Billed 4,615,855 1,435,545 1,295,405 Unbilled charges estimated 3,925,300 2,052,400 1,352,902 8,541,155 3,487,945 2,648,307 Less: Allowance for uncollectable accounts (18,242) (19,371) (2,074) Total receivables, net 8,522,913 3,468,574 2,646,233 Lease receivables 191,722 - - Other receivables 36,591 8,267 - Due from other funds - - - Due from other governments 1,274,044 9,813 - Inventories, at cost 1,086,672 2,158,275 - Prepaid expenses and other assets 214,627 344,281 - Total current assets - unrestricted 175,683,168 31,080,372 44,325,084 Current assets - restricted: Restricted cash and investments 12,416,155 3,853,313 1,341,420 Total current assets - restricted 12,416,155 3,853,313 1,341,420 Total current assets 188,099,323 34,933,685 45,666,504 Noncurrent assets: Restricted: Restricted cash and investments 5,449,298 300,000 - Advances to other funds - - - Capital assets: Land and other nondepreciable assets 19,925,604 543,788 1,847,813 Capital assets, net of accumulated depreciation 189,130,985 100,165,754 19,450,498 Right to use assets, net of accumulated amortization - - - Total noncurrent assets 214,505,887 101,009,542 21,298,311 Total assets 402,605,210 135,943,227 66,964,815 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows - bond refunding 7,713,744 137,072 - Deferred outflows - pension 5,983,627 3,225,217 4,229,562 Deferred outflows - other postemployment benefits 150,719 84,586 102,655 Total deferred outflows of resources 13,848,090 3,446,875 4,332,217 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Statement of Net Position Proprietary Funds September 30, 2022 Business-type Enterprise 30 Governmental Activities - Stormwater Other Internal Service Utility Funds Total Funds $ 38,633,254 $ 49,197,964 $ 318,532,499 $ 87,673,835 68,770 67,209 561,310 142,173 755,614 - 8,102,419 - 1,460,400 - 8,791,002 - 2,216,014 - 16,893,421 - (2,329) - (42,016) - 2,213,685 - 16,851,405 - - - 5,340,650 5,532,372 - - - 44,858 88,819 - - - 345,190 - 45,324 1,329,181 8 - 75,666 3,320,613 486,481 - - 558,908 2,910,577 40,915,709 54,726,813 346,731,146 91,647,083 1,003,114 - 18,614,002 - 1,003,114 - 18,614,002 - 41,918,823 54,726,813 365,345,148 91,647,083 1,375,312 - 7,124,610 - - - - 1,851,509 28,560,195 3,685,443 54,562,843 729,591 44,187,215 15,324,292 368,258,744 25,638,290 - - - 955,226 74,122,722 19,009,735 429,946,197 29,174,616 116,041,545 73,736,548 795,291,345 120,821,699 177,637 - 8,028,453 - 1,640,900 1,485,298 16,564,604 5,332,925 39,990 55,684 433,634 119,642 1,858,527 1,540,982 25,026,691 5,452,567 (Continued) Activities Funds 31 Water Solid Waste and Sewer Gas & Recycling Utility Utility Utility City of Clearwater, Florida Statement of Net Position Proprietary Funds September 30, 2022 Business-type Enterprise LIABILITIES Current liabilities: Accounts and contracts payable 7,977,838 2,741,291 562,544 Accrued payroll 256,478 131,823 177,769 Accrued interest payable 11,690 7,719 4,822 Deposits - - - Unearned revenue and liens - - - Current portion of long-term liabilities: Compensated absences 392,979 298,032 298,590 Bonds payable 718,333 673,750 - Financed purchases 187,802 25,741 - Lease liability - - - Due to other funds 105,476 - 528,706 Claims payable - - - Total current liabilities (payable from current assets) 9,650,596 3,878,356 1,572,431 Current liabilities (payable from restricted assets): Construction contracts payable 2,625,199 - - Accrued interest payable 1,508,100 16,589 - Current portion of long-term liabilities, bonds payable 3,591,667 61,250 - Customer deposits 4,691,189 3,775,474 1,341,420 Total current liabilities (payable from restricted assets) 12,416,155 3,853,313 1,341,420 Total current liabilities 22,066,751 7,731,669 2,913,851 Noncurrent liabilities: Compensated absences 312,916 237,314 237,757 Other postemployment benefits 2,444,400 1,371,834 1,664,876 Net pension liability 295,233 159,133 208,688 Bonds payable (net of unamortized premiums/discounts) 116,759,665 6,430,000 - Financed purchases 319,210 - - Lease liabiltiy - - - Advances from other funds 324,569 - 2,248,353 Claims payable - - - Total noncurrent liabilities 120,455,993 8,198,281 4,359,674 Total liabilities 142,522,744 15,929,950 7,273,525 DEFERRED INFLOWS OF RESOURCES Deferred inflows - pension 462,508 249,295 326,926 Deferred inflows - other postemployment benefits 1,158,192 649,995 788,842 Deferred inflows - leases 230,934 - - Total deferred inflows of resources 1,851,634 899,290 1,115,768 NET POSITION Net investment in capital assets 91,441,974 93,461,254 21,210,221 Restricted for: Revenue bond debt service and sinking fund requirements 3,591,667 61,250 - Revenue bond renewal and replacement requirements 1,747,320 300,000 - Water and sewer impact fees 3,701,979 - - Stormwater system fees - - - Unrestricted 171,595,982 28,738,358 41,697,518 Total net position $ 272,078,922 $ 122,560,862 $ 62,907,739 The notes to the financial statements are an integral part of this statement. 32 Governmental Activities - Stormwater Other Internal Service Utility Funds Total Funds Activities Funds 758,398 982,616 13,022,687 1,873,733 50,578 74,129 690,777 207,471 - - 24,231 61,632 - 88,558 88,558 - - - - - 153,799 101,839 1,245,239 504,597 74,167 - 1,466,250 - - - 213,543 3,346,054 - - - 600,406 - - 634,182 3,279,643 - - - 4,079,616 1,036,942 1,247,142 17,385,467 13,953,152 - - 2,625,199 - 187,281 - 1,711,970 - 815,833 - 4,468,750 - - - 9,808,083 - 1,003,114 - 18,614,002 - 2,040,056 1,247,142 35,999,469 13,953,152 122,466 81,093 991,546 401,794 648,566 903,105 7,032,781 1,940,395 80,962 73,285 817,301 263,126 11,671,521 - 134,861,186 - - - 319,210 3,155,796 - - - 342,363 - - 2,572,922 8,639,350 - - - 5,662,888 12,523,515 1,057,483 146,594,946 20,405,712 14,563,571 2,304,625 182,594,415 34,358,864 126,834 114,807 1,280,370 412,211 307,300 427,904 3,332,233 919,387 - 5,329,739 5,560,673 - 434,134 5,872,450 10,173,276 1,331,598 59,807,802 18,636,385 284,557,636 19,878,488 2,191,145 - 5,844,062 - - - 2,047,320 - - - 3,701,979 - 14,318 - 14,318 - 40,889,102 48,464,070 331,385,030 70,705,316 $ 102,902,367 $ 67,100,455 627,550,345 $ 90,583,804 Net position of business-type activities $ 626,194,119 (1,356,226) Adjustment to reflect consolidation of internal service fund activities related to enterprise funds 33 Water Solid Waste and Sewer Gas & Recycling Utility Utility Utility Operating revenues: Sales to customers $ 101,497,694 $ 44,536,308 $ 30,304,984 Service charges to customers 265,003 2,120,701 - User charges to customers - - - Billings to departments - - - Rentals 23,212 - 366,189 Other 644,206 698,107 607,405 Total operating revenues 102,430,115 47,355,116 31,278,578 Operating expenses: Personal services 12,417,420 6,849,191 8,293,793 Purchases for resale 7,976,675 20,528,388 - Operating materials and supplies 5,638,578 876,621 620,566 Transportation 1,643,820 849,326 5,231,604 Utility service 3,585,439 164,116 152,272 Dumping charges 27,665 - 5,422,852 Depreciation 13,497,433 3,993,309 1,086,565 Amortization of right to use assets - - - Interfund administrative charges 6,589,450 2,959,520 1,602,030 Other current charges: Professional fees 9,942,708 884,433 288,590 Advertising and marketing 49,912 1,694,444 55,354 Communications 174,869 183,498 85,348 Printing and binding 7,059 22,835 18,084 Insurance 1,088,000 403,410 137,040 Repairs and maintenance 18,846,953 269,789 159,233 Rentals 293,123 12,131 4,086 Miscellaneous 347,918 292,865 165,082 Data processing charges 1,098,710 639,360 237,120 Taxes - 2,301,826 10,669 Total other current charges 31,849,252 6,704,591 1,160,606 Total operating expenses 83,225,732 42,925,062 23,570,288 Operating income (loss) 19,204,383 4,430,054 7,708,290 The notes to the financial statements are an integral part of this statement. Enterprise City of Clearwater, Florida Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds For the Year Ended September 30, 2022 Business-type 34 Governmental Activities - Stormwater Other Internal Service Utility Funds Total Funds $ 17,097,369 $ 14,292,799 $207,729,154 $ - - - 2,385,704 - - 159,758 159,758 - - - - 64,737,543 20,778 3,616,550 4,026,729 26,196 182,306 1,290,473 3,422,497 497,562 17,300,453 19,359,580 217,723,842 65,261,301 3,134,889 3,663,704 34,358,997 10,445,224 - 3,424,103 31,929,166 5,205,565 100,111 219,355 7,455,231 3,867,773 1,087,441 163,125 8,975,316 417,006 69,426 681,477 4,652,730 447,253 98,237 - 5,548,754 - 3,580,089 984,102 23,141,498 10,157,502 - - - 563,091 1,326,490 1,433,140 13,910,630 240,280 335,588 1,445,280 12,896,599 11,576,431 - 2,671 1,802,381 - 31,113 54,727 529,555 1,050,485 255 1,539 49,772 32,444 54,290 167,200 1,849,940 27,056,155 660,432 1,563,058 21,499,465 1,158,285 2,734 9,611 321,685 391,755 57,949 988,949 1,852,763 329,090 285,030 196,250 2,456,470 668,260 - 28,710 2,341,205 16,217 1,427,391 4,457,995 45,599,835 42,279,122 10,824,074 15,027,001 175,572,157 73,622,816 6,476,379 4,332,579 42,151,685 (8,361,515) (Continued) Activities Funds 35 Water Solid Waste and Sewer Gas & Recycling Utility Utility Utility Enterprise City of Clearwater, Florida Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds For the Year Ended September 30, 2022 Business-type Nonoperating revenues (expenses): Investment earnings (loss): Interest 1,806,961 265,447 405,554 Net appreciation (depreciation) in fair value (18,794,384) (2,861,652) (4,239,764) Total investment earnings (loss) (16,987,423) (2,596,205) (3,834,210) Interest expense (4,580,931) (256,605) (71,877) Grants - - 83,528 Gain (loss) on disposal of capital assets - (131,782) (1,517) Total nonoperating revenue (expenses) (21,568,354) (2,984,592) (3,824,076) Income (loss) before contributions and transfers (2,363,971) 1,445,462 3,884,214 Capital grants and contributions 4,865,929 - - Transfers in - 660 - Transfers out (5,405,521) (1,741,083) (1,695,901) Change in net position (2,903,563) (294,961) 2,188,313 Net position - beginning 274,982,485 122,855,823 60,719,426 Total net position - ending $ 272,078,922 $ 122,560,862 $ 62,907,739 Change in Net Position of Proprietary Funds Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds Change in net position of business-type activities (page 23) The notes to the financial statements are an integral part of this statement. 36 Governmental Activities - Stormwater Other Internal Service Utility Funds Total Funds Activities Funds 392,440 509,550 3,379,952 870,858 (4,145,674) (4,131,086) (34,172,560) (8,620,836) (3,753,234) (3,621,536) (30,792,608) (7,749,978) (738,351) (16) (5,647,780) (251,486) - - 83,528 - - 2,317,218 2,183,919 723,862 (4,491,585) (1,304,334) (34,172,941) (7,277,602) 1,984,794 3,028,245 7,978,744 (15,639,117) - 316,811 5,182,740 - - 2,820,183 2,820,843 8,426,145 (2,060,163) (1,135,382) (12,038,050) (46,032) (75,369) 5,029,857 3,944,277 (7,259,004) 102,977,736 62,070,598 623,606,068 97,842,808 $ 102,902,367 $ 67,100,455 $627,550,345 $ 90,583,804 $ 3,944,277 (3,194,859) $ 749,418 37 Water Solid Waste and Sewer Gas & Recycling Utility Utility Utility CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers $ 102,345,808 $ 47,757,961 $ 31,150,472 Cash received from other funds - - - Cash payments to suppliers (41,345,536) (26,937,152) (7,020,261) Cash payments to employees (12,500,560) (7,443,779) (8,336,385) Cash payments to other funds (11,471,789) (5,321,561) (7,512,349) Net cash provided (used) by operating activities 37,027,923 8,055,469 8,281,477 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds - 660 - Transfers to other funds (5,405,521) (1,741,083) (1,695,901) Receipt of cash on loans to/from other funds 351,082 - - Payment of cash on loans to/from other funds (38,302) - (518,148) Cash received from granting agencies - - 83,528 Net cash provided (used) by noncapital financing activities (5,092,741) (1,740,423) (2,130,521) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Principal payments on debt (4,330,921) (813,428) - Interest paid (4,642,100) (205,849) (71,542) Acquisition of capital assets (9,308,663) (5,029,639) (892,472) Proceeds from sale of capital assets - 98,227 - Capital contributed by: Other governmental entities 2,510,405 - - Property owners 20,206 - - Developers 1,323,453 - - Net cash provided (used) by capital and related financing activities (14,427,620) (5,950,689) (964,014) CASH FLOWS FROM INVESTING ACTIVITIES Investment loss (17,122,316) (2,612,115) (3,864,381) Net cash provided (used) by investing activities (17,122,316) (2,612,115) (3,864,381) Net increase (decrease) in cash and cash equivalents 385,246 (2,247,758) 1,322,561 Cash and cash equivalents at beginning of year 181,528,211 31,445,018 41,628,189 Cash and cash equivalents at end of year $ 181,913,457 $ 29,197,260 $ 42,950,750 Cash and cash equivalents classified as: Cash and investments $164,048,004 $ 25,043,947 $ 41,609,330 Restricted cash and investments 17,865,453 4,153,313 1,341,420 Total cash and cash equivalents $ 181,913,457 $ 29,197,260 $ 42,950,750 The notes to the financial statements are an integral part of this statement. Enterprise City of Clearwater, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2022 Business-type 38 Governmental Activities - Stormwater Other Internal Service Utility Funds Total Funds $ 17,160,284 $ 19,351,723 $ 217,766,248 $ - - - - 65,351,612 (1,264,513) (7,815,917) (84,383,379) (51,360,284) (2,991,651) (3,844,150) (35,116,525) (10,428,772) (2,834,724) (2,175,911) (29,316,334) (2,077,640) 10,069,396 5,515,745 68,950,010 1,484,916 - 2,820,183 2,820,843 8,426,145 (2,060,163) (1,135,382) (12,038,050) (46,032) - - 351,082 6,671,458 - - (556,450) (1,775,406) - - 83,528 - (2,060,163) 1,684,801 (9,339,047) 13,276,165 (8,777,517) (3,204) (13,925,070) (4,696,059) (583,082) (32) (5,502,605) (245,645) (3,290,215) (1,086,351) (19,607,340) (6,532,681) - 12,481,058 12,579,285 736,187 - 449,495 2,959,900 - - - 20,206 - - - 1,323,453 - (12,650,814) 11,840,966 (22,152,171) (10,738,198) (3,774,738) (3,657,585) (31,031,135) (7,798,933) (3,774,738) (3,657,585) (31,031,135) (7,798,933) (8,416,319) 15,383,927 6,427,657 (3,776,050) 49,427,999 33,814,037 337,843,454 91,449,885 $ 41,011,680 $ 49,197,964 $ 344,271,111 $ 87,673,835 $ 38,633,254 $ 49,197,964 $ 318,532,499 $ 87,673,835 2,378,426 - 25,738,612 - $ 41,011,680 $ 49,197,964 $ 344,271,111 $ 87,673,835 (Continued) Activities Funds 39 Water Solid Waste and Sewer Gas & Recycling Utility Utility Utility Enterprise City of Clearwater, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2022 Business-type Reconciliation of operating income (loss) to net cash provided by operating activities: Operating income (loss) $ 19,204,383 $ 4,430,054 $ 7,708,290 Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation 13,497,433 3,993,309 1,086,565 Amortization of right to use assets - - - Capitalized labor and materials (124,559) (841,752) - Change in assets, deferred outflows, liabilities and deferred inflows: (Increase) decrease in accounts receivable (573,004) 97,709 (194,254) (Increase) decrease in lease receivables (191,722) - - (Increase) decrease in due from other governments 60,054 62,434 - (Increase) decrease in inventory 62,720 (29,662) - (Increase) decrease in prepaid expenses 5,757 18 - (Increase) decrease in net pension asset 11,771,065 6,668,470 8,018,363 (Increase) decrease in deferred outflows (5,029,871) (2,685,271) (3,579,857) Increase (decrease) in accounts and contracts payable 4,464,700 18,121 (342,680) Increase (decrease) in accrued payroll (438,805) (310,802) (208,306) Increase (decrease) in deposits 389,431 242,702 66,148 Increase (decrease) in unearned revenue - - - Increase (decrease) in other postemployment benefits (487,074) (273,336) (332,005) Increase (decrease) in net pension liability 295,233 159,133 208,688 Increase (decrease) in deferred inflows (5,877,818) (3,475,658) (4,149,475) Total adjustments 17,823,540 3,625,415 573,187 Net cash provided by operating activities $ 37,027,923 $ 8,055,469 $ 8,281,477 Non-cash investing, capital and financing activities: Contributions from developers $ 784,461 $ - $ - The notes to the financial statements are an integral part of this statement. 40 Governmental Activities - Stormwater Other Internal Service Utility Funds Total Funds Activities Funds $ 6,476,379 $ 4,332,579 $ 42,151,685 $ (8,361,515) 3,580,089 984,102 23,141,498 10,157,502 - - - 563,091 - - (966,311) - (140,169) - (809,718) 100,728 - (5,340,650) (5,532,372) - - - 122,488 - - (28,542) 4,516 (98,579) - - 5,775 (158,888) 3,428,728 2,483,802 32,370,428 10,610,157 (1,364,897) (1,273,057) (13,932,953) (4,480,148) 9,859 415,909 4,565,909 (670,069) (74,125) (80,485) (1,112,523) (424,024) - 3,054 701,335 - - - - (63,806) (129,161) (179,548) (1,401,124) (394,161) 80,962 73,285 817,301 263,126 (1,798,269) 4,125,296 (11,175,924) (5,558,498) 3,593,017 1,183,166 26,798,325 9,846,431 $ 10,069,396 $ 5,515,745 $ 68,950,010 $ 1,484,916 $- $ - $784,461 $ - 41 Pension Custodial Trust Funds Fund ASSETS Cash and investments $ 7,935,296 $ 821,545 Receivables: Interest and dividends 3,467,280 1,050 Unsettled investment sales 7,269,146 - Securities lending earnings 20,634 - Due from others - 50,854 Total receivables 10,757,060 51,904 Managed investment accounts, at fair value: Cash and cash equivalents 17,713,458 - Government bonds 58,216,564 - Agency bonds 4,491,935 - Municipal bonds 2,719,127 - Domestic corporate bonds 117,140,732 - International equity securities 104,842,690 - Domestic stocks 249,135,343 - Mortgage backed bonds 102,902,685 - Government issued commercial mortgage backed bonds 66,000 - Asset backed securities 9,424,864 - Other/rights/warrants 1,606 - Domestic equity mutual funds 208,292,495 - International equity mutual funds 40,389,547 - Infrastructure 54,511,675 - Real estate 138,881,281 - Total managed investment accounts 1,108,730,002 - Securities lending collateral 11,755,307 - Total assets 1,139,177,665 873,449 LIABILITIES Accounts payable 930,637 16,666 Unsettled investment purchases 6,736,968 - Other payables 34,977 - Obligations under securities lending 11,755,307 - Total liabilities 19,457,889 16,666 NET POSITION Restricted for: Pensions 1,119,719,776 - Individuals, organizations and other governments - 856,783 Total net position $ 1,119,719,776 $ 856,783 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Statement of Fiduciary Net Position Fiduciary Funds September 30, 2022 42 Pension Custodial Trust Funds Fund ADDITIONS Contributions: Contributions from employer $ 11,912,374 $ - Contributions from employer - state tax 2,653,554 - Contributions from employees 8,591,715 - Individuals, organizations and other governments - 725,285 Total contributions 23,157,643 725,285 Investment earnings (loss): Net increase (decrease) in fair value of investments (224,796,540) - Interest, dividends and other 19,222,650 (56,418) Securities lending income 504,040 - Total investment earnings (loss) (205,069,850) (56,418) Less investment costs: Investment management / custodian fees (6,835,012) - Securities lending costs (176,287) - Net investment earnings (loss) (212,081,149) (56,418) Miscellaneous - - Total additions (188,923,506) 668,867 DEDUCTIONS Benefits 61,338,236 - Refunds and transfers to other systems 1,772,430 - Administrative expenses 398,560 - Payments to individuals, organizaions and other governments - 574,161 Total deductions and administrative expenses 63,509,226 574,161 Net increase (decrease) in fiduciary net position (252,432,732) 94,706 Fiduciary net position - beginning 1,372,152,508 762,077 Fiduciary net position - ending $ 1,119,719,776 $ 856,783 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Year Ended September 30, 2022 43 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 44 Note I – Summary of Significant Accounting Policies The City of Clearwater was first incorporated in 1915 and reestablished in 1923 as a municipal corporation by Chapter 9710, Special Laws of Florida, 1923, as amended. The City is a Florida municipal corporation governed by a five-member City Council including a mayor-council member. The City has an estimated population of 119,208 and is located in the four- county Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (MSA), which has an estimated population of 3,285,257. The financial statements of the City of Clearwater, Florida, reporting entity (City) have been prepared in accordance with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the standard-setting body for governmental accounting and financial reporting. The GASB periodically updates its codification of the existing Governmental Accounting and Financial Reporting standards which, along with subsequent GASB pronouncements (Statements and Interpretations), constitutes GAAP for governmental units. The City’s more significant accounting policies are described below. I.A. Financial Reporting Entity In evaluating the City as a reporting entity, management has included in the accompanying financial statements the City of Clearwater (the primary government) and its component units, entities for which the government is financially accountable. The City has adhered to the standards set forth in GASB Statement No. 14, as amended by GASB Statement No. 39, GASB Statement No. 61 and GASB Statement No. 90, in reporting the primary government (including blended component units), the reporting entity, and related organizations. Blended Component Unit – Clearwater Community Redevelopment Agency: Component units that meet the criteria for blended presentation are reported in a manner similar to that of the primary government itself. Accordingly, throughout this report, data presented for the primary government includes data of the following blended component unit. The Clearwater Community Redevelopment Agency (CRA) is a dependent special district created by Local Ordinance by authority of Chapter 163, Part III, of the Florida Statutes. Although it is legally separate, is reported as if it were part of the City (blended component unit) because the City Council serves as the governing board of the CRA, and City management has operational responsibility for the CRA. Therefore, financial statements for the CRA are included in the City’s annual comprehensive financial report as a governmental non-major special revenue fund and a governmental non-major capital projects fund. In accordance with Chapter 163.387(8), Florida Statutes, and Rule 10.556, Rules of the Auditor General, separate audited financial statements are available from the City of Clearwater Finance Department. Related Organization – Clearwater Housing Authority (CHA): CHA is a dependent special district created by General Law by authority of Chapter 421, Part I, Florida Statutes. As a public housing authority, CHA receives primary funding from the Federal Department of Housing and Urban Development (HUD). The City Council appoints the governing board; however, the City Council is not able to impose its will on the CHA, nor does the City have any responsibility for the budget, debt, financing deficits, or fiscal management of CHA. Consequently, it is not a component unit of the City of Clearwater. Separate audited financial statements of CHA as of March 31, 2022 are available from CHA. Related Organization – Downtown Development Board: The City of Clearwater serves as administrative agent for the Clearwater Downtown Development Board (DDB). The Downtown Development Board is an independent special district created by Special Act by authority of Chapter 189.031, Florida Statutes. The DDB is governed by a board elected by its members, levies ad valorem taxes (0.9700 mills for fiscal 2022) on downtown properties, and is not financially dependent upon the City. Consequently, it is not a component unit of the City of Clearwater. The DDB’s cash balance held by the City as administrative agent is reflected in the City’s fiduciary custodial fund. Separate audited financial statements of the DDB as of September 30, 2022 are available from the City of Clearwater Finance Department. Jointly governed organization – Florida Gas Utility: The City of Clearwater is a member of the Florida Gas Utility (FGU), a non-profit municipal public entity created for the primary purpose of reducing the costs of purchased gas for its members. FGU is a public body corporate and politic pursuant to Section 163.01, Florida Statutes (the Florida Interlocal Cooperation Act), as amended, and the Interlocal Agreement, dated September 1, 1989, which was subsequently amended by the City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 45 Amended Interlocal Agreement on June 1, 1992, amended and restated by the Amended and Restated Interlocal Agreement, dated July 1, 1996, then amended and restated by the Second Amended and Restated Interlocal Agreement, dated July 27, 1999, and then amended and restated by the Third Amended and Restated Interlocal Agreement dated March 25, 2011 (the Interlocal Agreement), executed and delivered among FGU and its members, which include municipalities, municipal utilities, and an interlocal agreement consisting of such entities. Due to the diverse needs of municipal utility systems, FGU established itself as a project-oriented agency. Under this structure, each member has the option to participate in a project. FGU has the authority to, among other things, plan, finance, acquire, construct, manage, operate, deliver, service, utilize, own, broker, exchange, and distribute natural gas, or other energy and energy services, pursuant to the Interlocal Agreement. As of September 30, 2022, FGU has 25 members. Separate audited financial statements of FGU as of September 30, 2022, are available from FGU. I.B. Basis of Presentation The City’s Basic Financial Statements contain three components: government-wide financial statements, fund financial statements, and notes to the financial statements. I.B.1. Government-wide financial statements. The government-wide financial statements report information on all of the nonfiduciary activities of the primary government and its component unit using the accrual basis of accounting, which is similar to the accounting used by private-sector businesses. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of net position presents information on all assets, deferred outflows of resources, liabilities, and deferred inflows of resources of the City. Net position is defined as the residual of all other elements presented in a statement of financial position. Net position is the difference between (a) assets and deferred outflows of resources and (b) liabilities and deferred inflows of resources. Changes in net position may serve as an indicator of whether the financial position of the City is improving or deteriorating. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. The operating grants include operating-specific and discretionary (either operating or capital) grants while the capital grants column reflects capital-specific grants. Taxes and other items not properly included among program revenues are reported instead as general revenues. All revenues and expenses are reported as soon as the underlying transaction has occurred, regardless of when cash is received or paid. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are payments-in-lieu of taxes and other interfund services provided and used. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. I.B.2. Fund financial statements. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. An emphasis is on the major funds in either the governmental or business-type categories. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. Non-major funds (by category) are summarized into a single column. The City reports the following major governmental funds: The General Fund is the government’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 46 The Special Development Fund is a special revenue fund used to account for impact fees, property taxes for road improvements, local option gas taxes, infrastructure taxes, and other revenues which are restricted legally or by City Council policy to be used for specific capital improvement projects. The Special Programs Fund is a special revenue fund used to account for grants and contributions, the use of which is restricted for certain programs. The Capital Improvement Fund is used to provide combined accounting presentation for all City capital improvement projects except those financed from proprietary funds or bond proceeds where bond ordinance provisions require the segregation of bond proceeds in separate funds. The City reports the following major enterprise funds: The Water and Sewer Utility enterprise fund is used to account for the financing, construction, operation, and maintenance of the water and sewer services of the City from charges made to users of the service. The Gas Utility enterprise fund is used to account for the financing, construction, operation, and maintenance of the gas services of the City from charges made to the users of the service. The Solid Waste & Recycling Utility enterprise fund is used to account for the financing, construction, operation, and maintenance of the solid waste and recycling services of the City from charges made to the users of the service. The Stormwater Utility enterprise fund is used to account for the financing, construction, operation, and maintenance of the stormwater management system of the City from charges assessed against each developed property. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the proprietary fund’s principal ongoing operations. Operating expenses for proprietary funds include the cost of sales and service, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. Additionally, the City reports the following fund types: Internal service funds account for fleet management, information technology, telephone, employee relations, facilities management, radio communications, insurance, and risk management services provided to other City departments on a cost reimbursement basis. The Garage, Administrative Services, General Services, and Central Insurance funds primarily benefit governmental funds and are consequently included as governmental activities. Pension trust funds account for the financial operation and condition of the Employees’ Pension Plan, the Firefighters’ Relief and Pension Plan, the Police Supplemental Pension Plan, and the Firefighters’ Supplemental Pension Plan. The custodial fund accounts for the receipt, custody, and expenditure of monies held temporarily in an agency capacity for other parties. The pension trust funds and the custodial fund are fiduciary funds used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not included in the government-wide financial statements because the resources of these funds are not available to support the City’s own programs. I.C. Measurement Focus and Basis of Accounting The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 47 are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers property tax revenues to be available if they are collected within 60 days of the end of the current fiscal year. Other revenues are considered to be available if they are collected within 90 days of fiscal year-end. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Intergovernmental revenues, representing grants and assistance received from other governmental units, are generally recognized as revenues in the period when all eligibility requirements, as defined by GASB Statement No. 33, have been met, and funds are available from the grantor agency or government. Taxes, franchise fees, licenses, and interest associated with the current fiscal period are all considered susceptible to accrual and so have been recognized as revenues of the current fiscal period for the governmental funds. All other revenue items are considered to be measurable and available only when cash is received by the City. I.D. Statements of cash flows For purposes of the statements of cash flows, investments with original maturities of three months or less are considered to meet the definition of cash equivalents. The majority of the investments in which the City's proprietary funds have equity are held by the City's consolidated pool of cash and investments. Since fund equities in this cash management pool have the general characteristics of demand deposits in that additional funds may be deposited at any time, and funds may be withdrawn at any time without prior notice or penalty, each fund's equity account is considered a cash equivalent regardless of the maturities of investments held by the pool. Funds with deficit (overdraft) positions within the consolidated pool report the deficits as interfund payables to the City's Capital Improvement Fund. I.E. Assets, Liabilities, and Net position or Fund Balance I.E.1. Deposits, pooled cash, and investments Cash and investments are presented on the balance sheet in the basic financial statements at fair value in accordance with Generally Accepted Accounting Principles. Investments with original maturities of three months or less are considered to meet the definition of cash equivalents. The majority of the investments are held by the City's consolidated pool of cash and investments. The City utilizes the consolidated cash pool to account for cash and investments of all City funds other than those that are required by ordinance to be physically segregated. The consolidated cash pool concept allows each participating fund to benefit from the economies of scale and improved yield that are inherent to a larger investment pool. Formal accounting records detail the individual equities of the participating funds. The cash pool utilizes a single checking account for all City receipts and disbursements. Since fund equities in this cash management pool have the general characteristics of demand deposits in that additional funds may be deposited at any time and funds may be withdrawn at any time without prior notice or penalty, each fund's equity in pooled cash account is considered a cash equivalent, regardless of the maturities of investments held by the pool. All individual fund cash equity in a deficit (overdraft) position with respect to the consolidated cash pool is reclassified at year-end to short-term interfund payables to the Capital Improvement Fund. The Capital Improvement Fund is the fund selected by management to reflect the offsetting interfund receivables in such cases. The City Charter and the current Investment Policy, adopted by the City Council on September 9, 2010, authorize consolidated cash pool investments in the following: direct federal government obligations; federal agencies and instrumentalities; SEC registered money market funds with the highest credit quality rating; interest bearing time deposits City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 48 or savings accounts in qualified public depositories; debt issued by the State of Florida or any political subdivision thereof including pools; securities of open-end or closed-end management-type investment companies as defined in the policy; collateralized repurchase agreements and reverse repurchase agreements; local government investment pools per Section 163.01, Florida Statutes; and commercial paper of prime quality as defined in the policy. All investments are reported at fair value. The City utilizes a conservative investment philosophy when it invests its pooled cash funds in that the return of the principal is more important than the return on the principal. The City does not actively trade its portfolio and generally holds investments until maturity. Using a laddered approach to maturities and timing maturities to cash needs, the City does not anticipate selling investments to meet cash flow requirements. Under the City’s Investment Policy, a performance measurement standard has been established. The performance measure chosen is a weighted average of the overnight interest rate; and three-month, six-month, one-year, three-year, five-year, and ten-year Treasury rates, respectively. For the fiscal year ended September 30, 2022, the performance measure weighted average was 1.72%. The actual pooled cash earnings performance before bank charges was 0.90%. Investments being held outside of the consolidated cash pool include escrowed debt service investments and employee retirement investments. Permissible escrowed debt service investments are specifically defined in each individual debt instrument, but generally follow the same limitations applicable to consolidated cash pool investments. The City maintains four different employee retirement programs, and each one has its own list of permitted investments. Generally, each plan allows the same type of investments as the consolidated cash pool, but additionally allows some portion of its assets to be invested in corporate bonds, notes of corporations, and stocks that are listed on one or more of the recognized national or international stock exchanges. I.E.2. Receivables and payables Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e. the current portion of interfund loans) or “advances to/from other funds” (i.e. the non-current portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances”. All trade and property tax receivables are shown net of an allowance for uncollectible accounts. Trade accounts receivable less than 60 days are included in the trade accounts receivable allowance for uncollectible accounts at the five-year average loss experience rate of 2.14%. Trade accounts receivable in excess of 60 days are reserved at 40%. The property tax receivable allowance for uncollectible accounts is 10% of the current year portion of the receivable, and 30%, 50%, 70%, 90%, and 95% for the receivable portions attributable to the prior five years respectively (fiscal 2017 thru 2021), and 100% of the receivable attributable to fiscal years 2016 and prior. Property tax revenue is recognized in the fiscal year for which the taxes are levied, provided the availability test is met, in conformance with National Council on Governmental Accounting Interpretation No. 3. Property taxes for the following fiscal year are levied by City Council action in September of each year. This levy is apportioned to property owners based on the previous January 1 assessed values. Tax bills are mailed out on or about November 1, and the collection period runs from November 1 through March 31. On April 1, unpaid property taxes are considered delinquent and become a lien. Tax certificates are sold in June for real property with delinquent taxes. Since taxes are not collected prior to November 1, the City does not record revenue for advance collections. Uncollected taxes receivable at year-end are recorded, with an appropriate allowance for estimated uncollectible amounts. The net amount deemed to be collectible but not current (not expected to be collected within sixty days after the close of the fiscal year) is shown as deferred inflows in the appropriate fund. All delinquent property taxes, except those levied specifically for the restricted purposes of financing activities accounted for in the Special Development Fund, are recorded in the General Fund. Property tax revenues are recognized in the General City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 49 Fund and the required transfers to the appropriate debt service or pension fund are recorded as transfers from the General Fund. The City is permitted by State law to levy ten mills without referendum. Additional millage not subject to the ten mill limitation is authorized if approved by referendum, for a period not to exceed two years. The tax rate of 5.9550 mills for the year ended September 30, 2022 is the same rate that was levied the in the prior year. Water, gas, stormwater, solid waste and recycling charges to customers are based on actual consumption. Consumption is determined on a monthly cycle basis. The City recognizes the unbilled consumption as revenue as of September 30th. I.E.3. Inventories and prepaid items Inventories of proprietary funds are stated at cost and valued on the first-in first-out (FIFO) basis. In governmental funds, the majority of inventory items are accounted for under the purchase method, which provides that expenditures are recognized when the inventory item is purchased. The only governmental fund inventory that is accounted for under the consumption method is the General Fund inventory of items for resale at the City’s public fishing pier. Under the consumption method, the expenditure/expense is recognized when the inventory item is sold (or consumed). Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased. I.E.4. Restricted assets Certain resources of the City’s enterprise funds are classified as restricted assets. Restricted assets include: Water and Sewer improvement charges restricted by the authorizing ordinances to the construction of additions and improvements to the water and sewer systems; Water & Sewer Utility, Gas Utility and Solid Waste & Recycling Utility restricted customer deposits; assets of the Water & Sewer Utility, Gas Utility, and Stormwater Utility funds restricted under the provisions of authorizing ordinances for revenue bonds to the payment of future revenue bond debt service, system construction, and renewals and replacements; and the net pension assets of the enterprise and internal service funds that are in an irrevocable trust restricted for pensions. I.E.5. Capital and right to use assets Capital assets, which include property, plant, equipment, and certain infrastructure assets, (e.g. roads, bridges, etc.) are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Capital assets, as defined by the City, are assets with an initial individual cost of more than $5,000 (amount not rounded) and useful life greater than one year. Individual assets that cost less than $5,000, but that operate as part of a network system, may be capitalized in the aggregate, using the group method. Additionally, higher thresholds for capitalization apply to the following categories: land improvements, $50,000; buildings, building improvements, and utility systems, $100,000; intangible assets, $100,000; and infrastructure, $500,000. Capital assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. When City crews contribute to the completion of a capital asset, time and materials are capitalized to the project cost. Right to use assets, which include buildings and equipment, are amortized on a straight-line basis over the life of the related lease. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 50 Property, plant, equipment, and intangible assets of the primary government are depreciated using the straight-line method over the following estimated useful lives: Assets Years Buildings 10 – 40 Public domain infrastructure 20 – 40 Utility systems 18 – 40 Machinery & equipment 3 – 15 Vehicles 5 – 10 Intangible assets 5 – 20 I.E.6. Compensated absences It is the City’s policy to permit employees to accumulate earned but unused vacation and sick pay benefits. Vacation and sick leave “caps” vary depending upon an employee’s bargaining unit, hire date, etc., but generally employees may accumulate vacation time not exceeding 320 hours and sick leave not exceeding 1,560 hours. Upon retirement from City service a qualified employee is paid for all vacation time not exceeding the applicable vacation “cap” and one-half of accumulated unused sick leave not exceeding the sick leave cap (i.e. maximum pay-out of 780 hours for an employee with a 1,560 hour cap). The City accrues for all earned but unused vacation pay up to the applicable cap and the portion of unused sick leave estimated to be payable upon retirement. The current portion of compensated absences is the amount estimated to be used in the following year. For governmental activities, compensated absences are liquidated within the same governmental funds where the employee vacation and/or sick leave was earned. I.E.7. Long-term obligations In the government-wide financial statements, and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable unamortized bond premium or discount. Bond issuance costs are expended when incurred. In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. I.E.8. Deferred outflows/inflows of resources In addition to assets, the statement of net position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption on net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense) until that time. Similarly, in addition to liabilities, the statement of net position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies for a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 51 reports deferred inflows related to pensions and other post-employment benefits (OPEB) in the government-wide and all enterprise and internal service fund statements. Deferred inflows related to business tax receipts are reported in both the government-wide and governmental fund statements, while deferred inflows related to property taxes, code enforcement liens, mortgage notes, and intergovernmental revenues are reported in the governmental fund financial statements, but not the government-wide statements, when the receivable is recorded but the revenue is not available. Deferred outflows related to deferred amounts on bond refundings are reported in the Water and Sewer Utility, Gas Utility and Stormwater Utility funds, as well as in the government-wide statements. These amounts represent the difference between the reacquisition price and the net carrying amount of the old debt, which is amortized over the remaining life of the old debt or the life of the new debt, whichever is shorter. Changes in total pension liability arising from the differences between expected and actual experience, changes of assumption of future economic and demographic factors and the net difference between projected and actual earnings on pension plan investments are recognized as deferred outflows of resources or deferred inflows of resources and are reported in all enterprise and internal service funds, as well as in the government-wide statements. Changes between expected and actual experience and changes of assumptions are recognized in pension expense over a closed period equal to the average of the expected remaining service lives of all active and inactive employees, while the difference between projected and actual earnings is recognized in pension expense over a closed five-year period. Differences between expected and actual experience and changes in assumptions related to OPEB are recognized as deferred outflows of resources or deferred inflows of resources and are reported in all enterprise and internal service funds, as well as in the government-wide statements, using a systematic and rational method over a closed period equal to the average of the expected remaining service lives of all employees that are provided with OPEB through the OPEB plan (active employees and inactive employees), determined as of the beginning of the measurement period. At October 1, 2021, the beginning of the current measurement period, the average of the expected remaining services lives for purposes of recognizing the applicable deferred outflows and inflows of resources established in the current measurement period was 7.1 years. Deferred inflows related to leases in which the City is the lessor are recorded in the General Fund, Water and Sewer Utility Fund, Marine Operations Fund, and the government-wide statements. The deferred inflow of resources is recorded in an amount equal to the corresponding lease receivable at inception of the lease, and is recognized as revenue in a systematic and rational manner over the term of the lease. I.E.9. Net position flow assumption Sometimes the City will fund outlays for a particular purpose from both unrestricted resources and restricted resources, such as restricted bond or grant proceeds. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide and proprietary fund financial statements, a flow assumption must be made regarding the order in which the resources are considered to be applied. It is the City’s policy to consider restricted net position to have been depleted before unrestricted net position is applied. I.E.10. Fund balance flow assumption Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned and unassigned fund balance in the governmental fund financial statements, a flow assumption must be made regarding the order in which the resources are considered to be applied. It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 52 I.E.11. Fund balance policies The fund balance of governmental funds is reported in various classifications that comprise a hierarchy based primarily on the extent to which the government is bound to observe constraints imposed upon the use of the resources reported in the governmental funds. Each classification of fund balance is based on the relative strength of the constraints that control how specific amounts can be spent. The order of spending follows the same hierarchy. Restricted resources are applied first when expenditures are incurred for purposes for which either restricted or unrestricted (committed, assigned or unassigned) amounts are available. Similarly, within unrestricted fund balance, committed amounts are reduced first followed by assigned, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. Nonspendable fund balance represents amounts that cannot be spent, such as inventories, prepaid amounts, and amounts that are legally or contractually required to remain intact. Restricted fund balance includes amounts that can be spent only for the specific purposes stipulated by constitution, external resource providers, or through enabling legislation. Committed fund balance includes amounts that can be used only for the specific purposes determined by the adoption of an ordinance prior to the end of the fiscal year by the City Council, the highest level of decision-making authority. Once adopted by ordinance, a commitment can only be revised or removed by the adoption of another ordinance. Assigned fund balance includes amounts that are intended to be used by the government for specific purposes but do not meet the criteria to be classified as restricted or committed because they are supported by management’s intent rather than a formal action of the City Council. The Finance Director is authorized by Section 2.511 of the Code of Ordinances to assign fund balance. Since assignments only exist temporarily, no further action is required to revise or remove them. Unassigned fund balance includes amounts not classified above. Positive unassigned fund balance may only be reported in the general fund. In all other funds, unassigned fund balance is limited to negative residual fund balances. Minimum fund balance. Per City Council Policy, a minimum General Fund unassigned balance of 8.0% of the subsequent year’s budgeted expenditures must be maintained as a contingency fund for unanticipated financial needs. In addition, 0.5% of the subsequent year’s budgeted expenditures must be maintained to fund unanticipated retirements of employees residing in General Fund departments. Budgeted appropriations will maintain these minimum reserves of 8.5% of subsequent year’s budgeted expenditures, with excess reserves available for specific capital improvement projects or other “one-time” needs. Stabilization arrangement. As of September 30, 2022, the City Council has not established a separate revenue stabilization reserve. I.E.12. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from the estimates. I.F. Adoption of new GASB pronouncements During the fiscal year ended September 30, 2022, the City implemented the following GASB pronouncements: GASB Statement No. 87, Leases. Issued June 2017, this Statement increases the usefulness of governments’ financial statements by requiring recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 53 contract. It establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments’ leasing activities. Note II – Stewardship, Compliance, and Accountability II.A. Budgets and budgetary accounting Annual budgets are legally adopted for the General Fund, Special Development special revenue fund, and the Community Redevelopment Agency special revenue fund. The budgets for the General Fund and the Special Development Fund are adopted on a basis consistent with GAAP, and appropriations lapse at year-end. The Community Redevelopment Agency (CRA) Fund annual budget is adopted by the trustees of that agency in accordance with state law. The level of budgetary control is the total fund. The CRA Fund Budget is adopted on a basis consistent with GAAP, and all appropriations lapse at year-end. The level of budgetary control established by the legislative body, the level on which expenditures may not legally exceed appropriations, is the individual fund. In accordance with provisions of Ordinance 5025-90 and with Section 2.519(4) of the Clearwater Code, the City Manager may transfer part or all of any unencumbered appropriation balance among programs within an operating fund, provided such action does not result in the discontinuance of a program. Such transfers must be included in the next budget review presented to the City Council. Upon detailed written request by the City Manager, the City Council may by ordinance transfer part or all of any unencumbered appropriation balance from one fund to another. As established by administrative policy, department directors may transfer money from one operating code to another within a program without a formal written amendment. Formal requests for budget amendments from department directors are required for transfers, capital expenditures, and reserves. Thus, certain object classifications within departmental and/or program budget appropriations are subject to administratively imposed controls, in addition to the legal controls imposed by City Council action described above. Budget amounts presented in the accompanying financial statements reflect all amendments adopted by the City Council and the governing board of the component unit. All amendments were adopted in conformance with legal requirements. Individual amendments, as well as the net effects of all amendments during the fiscal year, were not material in relation to the original appropriations for the governmental funds in the aggregate. Budgets for the Capital Projects Funds, the Special Programs Fund, the SHIP Local Housing Assistance Trust Fund, and the Pinellas County Local Housing Assistance Trust Fund are adopted on a multi-year completed program basis, where budgetary appropriations do not lapse at year-end, but may extend across two or more fiscal years. A comparison of annual results with these budgets would not be meaningful and is therefore not included in this report. All City Council adopted budgets are integrated into the formal accounting system to allow for monthly comparison of projected and actual results in all funds for which budgets are adopted. Note III – Detailed Notes on All Funds III.A. Deposits and investments Investments with original maturities of three months or less are considered to meet the definition of cash equivalents. The majority of the investments in which the City's proprietary funds have equity are held by the City's consolidated pool of cash and investments. Since fund equities in this cash management pool have the general characteristics of demand deposits, in that additional funds may be deposited at any time, and funds may be withdrawn at any time without prior notice or penalty, City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 54 each fund's equity account is considered a cash-equivalent regardless of the maturities of investments held by the pool. Funds with deficit (overdraft) positions within the consolidated pool report the deficits as interfund payables to the City's Capital Improvement Fund. Fair Value and Net Asset Value The City of Clearwater and the City’s pension plans categorize fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the securities and assets. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 are significant unobservable inputs. Certain investments held by the City and the pension plans are valued at net asset value (NAV) per share when an investment does not have a readily determined fair value, provided that the NAV is calculated and used as a practical expedient to estimate fair value in accordance with GAAP requirements. Equity and Fixed Income Securities – Equity securities, classified in Level 1 of the fair value hierarchy, are valued using prices quoted in active markets issued by pricing vendors for these securities. Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by the City’s custodian bank, Wells Fargo, for the City’s pooled cash investments. Prices for pension investments are obtained by the custodial agents for each of the pension plans. Debt and equity securities classified in Level 2 of the fair value hierarchy are valued using prices determined by matrix pricing techniques maintained by various pricing vendors for these securities. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. Debt and equity securities classified in Level 3 of the fair value hierarchy, when applicable, are securities whose stated market price is unobservable by the marketplace; often these securities are priced by the issuer or industry groups. Real Estate Funds – Investments in real estate funds are valued at estimated fair value, as determined in good faith by the General Partner (GP). These investments are initially valued at cost with subsequent adjustments that reflect third party transactions, financial operating results, and other factors deemed relevant by the GP. These assets are valued at NAV. Deposits All cash of the City is entirely insured either by federal depository insurance or via banks’ participation as qualified public depositories pursuant to Florida Statutes, Chapter 280, “Security for Public Deposits”. The City is required to verify that monies are invested in “qualified public depositories” as defined in Florida Statutes section 280.02. Pooled Cash and Investments To increase returns and minimize fees, the City follows the practice of pooling available cash and investments of all funds, with the exception of retirement plan investments and assets held under Bond Trust Indenture Agreements. Please refer to Note I.E.1. for a discussion of allowable investments under the pooled cash and investments investment policy. All investments at year-end were in compliance with the pooled cash and investments investment policy. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 55 Pooled cash and investments as of September 30, 2022 are classified in the accompanying financial statements as follows: Statement of net position 09/30/22 Primary Government: Cash and investments 596,525,701$ Restricted cash and investments 25,738,612 Fiduciary Funds: Cash and investments 8,756,841 Total pooled cash and investments 631,021,154$ Carrying % of Pooled Cash and Investments Amount Portfolio Less than 1 1-3 Years More than 3 Moody's Rating Cash and cash equivalents: Cash on hand 24,974$ 0.00% N/A Time / interest bearing account 11,478,161 1.82% N/A Total cash and cash equivalents 11,503,135 Investments:Standard & Local Government Investment Pools:Poor's Rating Florida Safe Investment Pool 13,197,783 2.09% 13,197,783 - - AAAm Florida Cooperative Liquid Assets Securities System 104,880,072 16.62% 104,880,072 - - AAAm 118,077,855 118,077,855 - - Moody's Rating Treasuries 12,457,062 1.97% 3,177,375 9,279,687 - N/A U.S. Agencies: Federal Home Loan Bank (FHLB) 282,787,935 44.82% - 93,411,598 189,376,337 Aaa Federal National Mortgage Assn (FNMA) 35,770,813 5.67% - 18,045,541 17,725,272 Aaa Federal Farm Credit Bank (FFCB) 82,519,737 13.08% - 36,542,930 45,976,807 Aaa Federal Home Loan Mortgage Corp (FHLMC) 18,482,073 2.93% - 18,482,073 - Aaa Total U.S. Agencies 419,560,558 - 166,482,142 253,078,416 Municipal bonds 9,053,469 1.43% - 9,053,469 - Aa2 Mortgage backed securities 59,951,172 9.50% 1,056,136 10,938,035 47,957,001 Aaa Asset backed securities 417,903 0.07% 2,143 338,407 77,353 Aaa Total investments 619,518,019 122,313,509 196,091,740 301,112,770 Total pooled cash and investments 631,021,154$ 100.00% Investment Maturities in Years City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 56 Interest Rate Risk – Pooled Cash and Investments: As a means of limiting exposure to fair value losses arising from rising interest rates, the City’s pooled cash investment policy prohibits investments in securities maturing more than fifteen years from the date of purchase, unless matched to a specific cash flow requirement. Additionally, the policy allows no more than 10% of the portfolio to have maturities in excess of ten years unless specifically matched against a debt or obligation. Finally, the investment policy states that it is the City’s intent to keep the weighted average maturity to three years or less, except for temporary situations due to market conditions and/or cash needs when the average maturity may exceed three years but shall not exceed five years. Weighted average maturities for the City’s pooled cash investments are indicated in the table above. Credit Risk – Pooled Cash and Investments: The City’s pooled cash investment policy, in accordance with Florida Statutes, allows investments to direct obligations of the United States, federal agencies, debt issued by the State of Florida or any political subdivision, and commercial paper of prime quality of the highest letter and numerical rating as provided by at least one nationally recognized rating service. Ratings for the City’s pooled cash investments are disclosed in the preceding table. Concentration of Credit Risk – Pooled Cash and Investments: The City’s pooled cash investment policy limits the investment in any one issuer to 40% of the portfolio. Concentrations of the various issuers are disclosed in the preceding table. Custodial Credit Risk – Pooled Cash and Investments: Monies on deposit with financial institutions are held in qualified public depositories pursuant to State of Florida Statutes, Chapter 280, which provides protection against any loss to public depositors. Consistent with the City’s investment policy, investment securities owned by the City are held by the City’s custodian in the City’s name and all purchases use the “delivery versus payment” procedure. Fair Value and Net Asset Value Measurement: The City has adopted the provisions of GASB Statements No. 72 and No. 79 and fully disclosed in the notes to the financial statements the fair value hierarchy and the methods of valuing the related investments as required under generally accepted accounting principles. The City of Clearwater categorizes fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the securities and assets. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 are significant unobservable inputs. Certain investments held by the City are valued at net asset value (NAV) per share when an investment does not have a readily determined fair value, provided that the NAV is calculated and used as a practical expedient to estimate fair value in accordance with GAAP requirements. Fixed Income Securities – Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by the City’s custodian bank, Bank of America, for the City’s pooled cash investments. Debt securities classified in Level 2 of the fair value hierarchy are valued using prices determined by matrix pricing techniques maintained by various pricing vendors for these securities. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 57 The City has the following recurring fair value and net asset value measurements as of September 30, 2022: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable (in thousands)Assets (Level 1)Inputs (Level 2)Inputs (Level 3) Investments measured at fair value: U.S. Government securities 12,457$ 12,457$ -$ -$ Federal Agency securities 419,561 - 419,561 - Municipal obligations 9,053 - 9,053 - Mortgage backed securities 59,951 - 59,951 - Asset backed securities 418 - 418 - Total investments measured at fair value 501,440 12,457$ 488,983$ -$ Investments measured at net asset value: Florida Safe Investment Pool 13,198 Florida Cooperative Liquid Assets Securities System 104,880 Total investments measured at net asset value 118,078 Total pooled cash investments 619,518$ The Florida SAFE Investment Pool (FLSAFE) and the Florida Cooperative Liquid Assets Securities System (FLCLASS) are independent local government investment pools created under the laws of Florida to provide eligible units of local government with investment vehicles to pool their surplus funds. FLSAFE and FLCLASS investment pools are Stable Net Asset Value investment pools rated AAAm by Standard & Poors. The investment advisor and administrator for the FLSAFE investment pool is PMA Financial Network, Inc. and the investment advisor and administrator for the FLCLASS investment pool is Public Trust Advisors, LLC. The two local government investment pools, Florida Safe Investment Pool (FLSAFE) and Florida Cooperative Liquid Assets Securities System (FLCLASS), have no unfunded commitments and both provide same day or next day redemption. The investment strategies of both prioritize safety of principal and liquidity over return, consistent with the City’s investment strategy, investing in high-quality short-term investments. Pension Plan Assets The City reports four pension funds in the accompanying financial statements. Each of the plans has a separate governing board of trustees, a separate investment policy, and differing investment restrictions/risks. Consequently, each is disclosed separately below. All investments at year-end were in compliance with the respective plan investment policies. Please refer to Note I.E.1. for a discussion of allowable investments under the pension plans. Investments are reported at fair value or net asset value, as disclosed, and are managed by third party money managers. The City’s independent custodian and the individual money managers price each instrument (using various third-party pricing sources) and reconcile material differences. Investments in certain alternative investments are valued using the net asset value (NAV) per shares outstanding. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 58 Employees’ Pension Plan At year-end, the Employees’ Pension Plan cash and investment balances were as follows: Carrying % of Weighted avg Moody's Employees' Pension Plan Cash and Investments Amount Portfolio maturity (years)Rating Cash and cash equivalents: Cash in bank 7,849,449$ 0.73% N/A N/A Cash in managed investment accounts 14,142,834 1.31% N/A N/A Total cash and cash equivalents 21,992,283 Investments: Government bonds 53,063,081 4.91% Aaa Government bonds 155,838 0.01% A Government bonds 2,343,430 0.22% Baa Government bonds 209,727 0.02% NR Agency bonds 561,482 0.05% AGY Agency bonds 942,595 0.09% Aaa Agency bonds 1,976,474 0.18% B Municipal bonds 1,238,634 0.11% Aa Municipal bonds 561,105 0.05% A Municipal bonds 785,862 0.07% Baa Domestic corporate bonds 1,726,244 0.16% Aaa Domestic corporate bonds 3,934,030 0.36% Aa Domestic corporate bonds 39,591,813 3.67% A Domestic corporate bonds 65,578,017 6.07% Baa Domestic corporate bonds 3,345,670 0.31% Ba Domestic corporate bonds 139,620 0.01% B Domestic corporate bonds 1,639,214 0.15% NR Asset backed securities 2,527 0.00% AGY Asset backed securities 9,285,750 0.86% Aaa Asset backed securities 136,587 0.01% NR Other/rights/warrants 1,606 0.00% N/A NR Domestic stocks 245,887,012 22.80% N/A N/A International equity securities 104,467,563 9.67% N/A N/A Mortgage backed bonds 101,601,743 9.41% AGY Mortgage backed bonds 30,014 0.00% Aaa Mortgage backed bonds 42,236 0.00% NR Government issued commercial mortgage backed bonds 66,000 0.01%27.7 AGY International equity mutual funds 37,031,154 3.43% N/A N/A Domestic equity mutual funds 192,726,885 17.85% N/A N/A Infrastructure 54,511,675 5.05% N/A N/A Real Estate/Timber 134,198,683 12.43% N/A N/A Total investments 1,057,782,271 Total cash and investments 1,079,774,554$ 100.00% 36.7 28.5 16.6 12.2 13.4 10.8 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 59 Interest Rate Risk – Employees’ Pension Plan: As a means of limiting exposure to fair value losses arising from rising interest rates, the Employees’ Pension Plan investment policy limits the investment in fixed income investments to no more than 40% of the portfolio. There are no limits related to weighted average maturities due to the long-term nature of pension plan investing. Credit Risk – Employees’ Pension Plan: The Employees’ Pension Plan investment policy limits credit risk by restricting equity investments to corporations that are listed on one of the national or international stock exchanges. Additionally, fixed income corporate bonds must carry an “investment grade” rating as established by one of the nationally recognized rating agencies. As of September 30, 2022, the Plan had $5,461,764 invested in domestic corporate bonds that had fallen below investment grade (Ba1 and lower) as the result of investment downgrades, as indicated on the previous table. The respective money managers notified the Plan administrators of the downgrades and the planned courses of action related to these securities on a timely basis, consistent with the policy’s individual manager guidelines. Concentration of Credit Risk – Employees’ Pension Plan: The Employees’ Pension Plan investment policy limits concentration of credit risk by limiting the investment in common stock or capital stock of any one corporation to 3% of the plan equity assets, unless due to a higher percentage included in a nationally recognized market index at least as broad as the Standard and Poor’s Composite Index of 500 companies, or upon a specific finding by the investment committee that such higher percentage is in the best interest of the fund. Additionally, the individual manager guidelines associated with the policy provide further diversification of both equity and fixed income investments to minimize concentration of credit risk. Custodial Credit Risk – Employees’ Pension Plan: This is the risk that in the event of the failure of a counterparty, the Plan will not be able to recover the value of its investments that are in the possession of an outside party. Consistent with the Plan’s investment policy, investments are held by the Plan’s custodial bank and registered in the Plan’s name. Foreign Currency Risk – Employees’ Pension Plan: Risk of loss arises from changes in currency exchange rates. The Employees’ Pension Plan investment policy does not have a formal policy to limit foreign currency risk, other than a guideline of no more than 25% of the plan assets invested in international equities. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 60 The Pension Plan’s exposure to foreign currency risk as of September 30, 2022 is as follows: Investment Currency Fair Value Common Stock Euro currency 17,465,001$ Common Stock Japanese yen 11,153,845 Common Stock British pound sterling 10,061,102 Common Stock Swiss franc 6,094,215 Common Stock Australian dollar 2,249,501 Common Stock Hong Kong dollar 1,390,823 Common Stock Swedish krona 1,372,591 Common Stock Singapore dollar 1,054,127 Common Stock Norwegian krone 969,776 Common Stock South Korean won 771,986 Common Stock Canadian dollar 382,113 Total 52,965,080$ Fair Value and Net Asset Value Measurement: The Employees’ Pension Plan has adopted the provisions of GASB Statement No. 72 and fully disclosed in the notes to the financial statements the fair value hierarchy and the methods of valuing the related investments as required under the generally accepted accounting principles. The City’s independent custodian and the individual money managers price each instrument (using various third-party pricing sources) and reconcile material differences. Investments in certain alternative investments are valued using the net asset value (NAV) per shares outstanding. The Employees’ Pension Plan categorizes fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the securities and assets. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 are significant unobservable inputs. Certain investments held by the pension plan are valued at net asset value (NAV) per share when an investment does not have a readily determined fair value, provided that the NAV is calculated and used as a practical expedient to estimate fair value in accordance with GAAP requirements. Equity and Fixed Income Securities – Equity securities, classified in Level 1 of the fair value hierarchy, are valued using prices quoted in active markets issued by pricing vendors for these securities. Fair value is defined as the quoted market value on the last trading day of the period. These prices are obtained from various pricing sources by the City’s custodian bank, Bank of America, for the City’s pooled cash investments. Prices for pension investments are obtained by the custodial agents for each of the pension plans. Debt and equity securities classified in Level 2 of the fair value hierarchy are valued using prices determined by matrix pricing techniques maintained by various pricing vendors for these securities. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. Debt and equity securities classified in Level 3 of the fair value hierarchy, when applicable, are securities whose stated market price is unobservable by the marketplace; often these securities are priced by the issuer or industry groups. Real Estate Funds – Investments in real estate funds are valued at estimated fair value, as determined in good faith by the General Partner (GP). These investments are initially valued at cost with subsequent adjustments that reflect third party transactions, financial operating results, and other factors deemed relevant by the GP. These assets are valued at NAV. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 61 The Employees’ Pension Plan has the following recurring fair value and net asset value measurements as of September 30, 2022: (in thousands)Fair Value Assets (Level 1)Inputs (Level 2)Inputs (Level 3) Investments measured at fair value: Government bonds 55,772$ -$ 55,772$ -$ Agency bonds 3,480 - 3,480 - Municipal bonds 2,585 - 2,585 - Domestic corporate bonds 115,955 - 115,928 27 Asset backed bonds 9,425 - 9,425 - Other/Rights/Warrants 2 - - 2 Domestic stocks 245,887 245,887 - - International equity securities 104,467 104,467 - - Mortgage backed bonds 101,674 - 101,674 - Government issued mortgage backed bonds 66 - 66 - Total investments measured at fair value 639,313 350,354$ 288,930$ 29$ Investments measured at net asset value: Emerging markets mutual funds 37,031 Domestic equity mutual funds 192,727 Infrastructure 54,512 Real Estate/Timber 134,199 Total investments measured at net asset value 418,469 Total Employees' Pension Plan investments 1,057,782$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 62 Net Asset Value Investments (in thousands): Money Manager Value Unfunded Commitments Investment Strategy Redemption Restrictions Dimensional $ 37,031 $ - Emerging markets equity collective investment trust seeking long term capital appreciation by investing at least 80% of net assets in equity securities of companies located in emerging market countries. None Northern Trust 60,095 - Collective large cap value index fund seeking to approximate the risk and return characteristics of the Russell 1000 Value Index. None Northern Trust 132,632 - Collective large cap grow th index fund seeking to approximate the risk and return characteristics of the Russell 1000 Growth Index. None Multi-Employer Property Trust 71,394 - An open-end commingled real estate equity fund organized as a bank collective trust. Strategy to create top- quality, core, income-producing assets through development, rehab, or acquisition and repositioning of undervalued assets. Quarterly redemptions with 45 days notice. Molpus Woodlands Group Funds III & IV 10,837 1,255 Limited Partnership providing income through acquisition, holding, and distribution of timberland. No redemption due to Limited Partnership term of up to 14 years, ending 10/22/2027. Hancock Timberland XI LP 7,752 559 Limited Partnership providing income through acquisition, holding, and distribution of timberland No redemption due to Limited Partnership. Two-year wind-up period begins 12/31/2025 and ends 12/31/2027. IFM Infrastructure 54,512 - Limited Partnership investing in a diversified portfolio of global infrastructure assets, favoring proprietary investment opportunities over competitive bidding processes. Quarterly redemptions with 90 days notice; manager's best efforts within 36 months of end of quarter. USAA U.S. Government Buildings 24,705 - Core plus real estate strategy for acquisition and build-to- suit development of high quality assets leased to agencies of the U.S. Federal and State Governments. Quarterly redemptions with 60 days notice. Intercontinental U.S. Real Estate Investment Trust 19,511 - Primarily investing in high-quality core and core plus properties for stable predictable cash flow and opportunity for capital appreciation. To a lesser degree, additional enhanced-core and value properties to further enhance diversification and return. Quarterly redemptions with 60 days notice. 418,469$ 1,814$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 63 Firefighters’ Relief and Pension Plan At year-end, the Firefighters’ Relief and Pension Plan cash and investment balances were as follows: Carrying % of Weighted avg Moody's Amount Portfolio maturity (years)Rating Cash and cash equivalents: Cash in bank 74,007$ 2.58% N/A N/A Total cash and cash equivalents 74,007 Investments: U.S. Treasury Note 1,787,273 62.21% 0.58 Aaa U.S. Agency - Federal Agricultural Mortgage Corp. (FAMCA) 1,011,384 35.21% 1.62 Aaa Total investments 2,798,657 Total managed cash and investments 2,872,664$ 100.00% Interest Rate Risk – Firefighters’ Relief and Pension Plan: As a means of limiting exposure to fair value losses arising from rising interest rates, the Firefighters’ Relief and Pension Plan investment policy stipulates that the Plan does not trade securities and will typically hold securities to maturity. There are no limits related to weighted average maturities due to the long-term nature of pension plan investing. Credit Risk – Firefighters’ Relief and Pension Plan: The Firefighters’ Relief and Pension Plan investment policy limits credit risk by restricting the fixed income investments to investment grade securities, per a nationally recognized ranking agency. Custodial Credit Risk – Firefighters’ Relief and Pension Plan: Monies on deposit with financial institutions are held in qualified public depositories pursuant to State of Florida Statutes, Chapter 280, which provides protection against any loss to public depositors. Consistent with the City’s investment policy, investment securities owned by the Plan are held by the City’s custodian in the City’s name and all purchases use the “delivery versus payment” procedure. Concentration of Credit Risk – Firefighters’ Relief and Pension Plan: The Firefighters’ Relief and Pension Plan investment policy limits concentration of credit risk by limiting the recommended target allocation of the plan to domestic fixed income to 70% of the portfolio, with the remainder of the portfolio allocated to the City’s well-diversified pooled cash portfolio (see above disclosure). There are no additional limitations on concentrations with individual issuers or agencies due to the relatively small portfolio of this closed pension plan. Foreign Currency Risk – Firefighters’ Relief and Pension Plan: The Firefighters’ Relief and Pension Plan investment policy does not permit investment in foreign fixed income or equity securities. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 64 Fair Value Measurement: The Firefighters’ Relief and Pension Plan has the following recurring fair value measurements as of September 30, 2022: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Fair Value Assets (Level 1)Inputs (Level 2)Inputs (Level 3) Federal agency securities 2,798,657$ 1,787,273$ 1,011,384$ -$ Police Supplemental Pension Plan At year-end, the Police Supplemental Pension Plan cash and investment balances were as follows: Carrying % of Weighted avg Moody's Amount Portfolio maturity (years)Rating Cash and cash equivalents: Cash in bank 11,840$ 0.08% N/A N/A Cash in managed investment accounts 2,021,635 13.78% N/A N/A Total cash and cash equivalents 2,033,475 Investments: Domestic equity mutual funds 10,185,334 69.41%N/A N/R International equity mutual funds 2,454,475 16.73%N/A N/R Total investments 12,639,809 Total managed cash and investments 14,673,284$ 100.00% Interest Rate Risk – Police Supplemental Pension Plan: As a means of limiting exposure to fair value losses arising from rising interest rates, the Police Supplemental Pension Plan investment policy limits the duration of the fixed income portfolio to less than 135% of the duration of the Bloomberg Barclay’s Intermediate Aggregate Bond Index. Credit Risk – Police Supplemental Pension Plan: The Police Supplemental Pension Plan investment policy limits credit risk by restricting equity investments to securities that are fully and easily negotiable. Investments in corporations whose stock has been publicly traded for less than one year are limited to 15% at cost value of the equity portfolio. Investment in equity securities whose market capitalization is less than $10 billion dollars shall be limited to 25% of the total equity portfolio. Exchange traded funds (ETF’s) or Exchange Traded Notes (ETN’s) may not exceed 10% at cost value of any equity manager’s portfolio. Investments in real estate shall not exceed 25% (at market valuation) of the value of the total fund assets. Investments in absolute or real return strategies shall not exceed 25% of the value of the total fund assets. The average credit quality of the bond portfolio shall be “A” or higher, and those securities rated below “BBB” shall not exceed 15% of the entire fixed income portfolio. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 65 Concentration of Credit Risk – Police Supplemental Pension Plan: The Police Supplemental Pension Plan investment policy limits concentration of credit risk by limiting the investment in common stock or capital stock of any one issuing company within an investment manager’s portfolio to 5% of the portfolio. Similarly, no more than 5% at cost value of a fixed income investment manager’s portfolio may be invested in the securities of any single corporate issuer per the plan investment policy. Finally, investments in collateralized mortgage obligations are limited to 25% of the market value of the investment manager’s total portfolio. Custodial Credit Risk – Police Supplemental Pension Plan: This is the risk that in the event of the failure of a counterparty, the Plan will not be able to recover the value of its investments that are in the possession of an outside party. Plan investments are held by the Plan’s custodial bank and registered in the Plan’s name. Foreign Currency Risk – Police Supplemental Pension Plan: Risk of loss arises from changes in currency exchange rates. The Police Supplemental Pension Plan requires that no more than 25% of the market value of the plan’s total assets may be invested in foreign equity securities, commingled or mutual funds. Direct investment in foreign companies is limited to those traded on a national exchange and/or American Depository Receipts (ADR’s). Fair Value Measurement: The Police Supplemental Pension Plan has the following recurring fair value measurements as of September 30, 2022: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Fair Value Assets (Level 1)Inputs (Level 2)Inputs (Level 3) Domestic equity mutual funds 10,185,334$ 10,185,334$ -$ -$ International equity mutual funds 2,454,475 - 2,454,475 - 12,639,809$ 10,185,334$ 2,454,475$ -$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 66 Firefighters’ Supplemental Pension Plan At year-end, the Firefighters’ Supplemental Pension Plan cash and investment balances were as follows: Carrying % of Weighted avg Moody's Amount Portfolio maturity (years)Rating Cash and cash equivalents: Cash in managed investment accounts 1,548,989$ 8.01% N/A N/A Total cash and cash equivalents 1,548,989 Investments: U.S. Treasury obligations 657,215 3.40% 8.2 Aaa Municipal obligations 57,732 0.30% A1/A2/A3 Municipal obligations 30,167 0.16% Aa1 Municipal obligations 45,627 0.24% N/R Domestic corporate bonds 475,116 2.46% A1/A2/A3 Domestic corporate bonds 25,843 0.13% Aa1/Aa2/Aa3 Domestic corporate bonds 680,754 3.52% Baa1/Baa2/Baa3 Domestic corporate bonds 4,411 0.02% N/R International equity securities 375,127 1.94%N/A N/R Domestic stocks 3,248,331 16.79% N/A N/R Mortgage backed bonds 1,228,692 6.35% 17.4 N/R Domestic equity mutual funds 5,380,276 27.80% N/A N/R International equity mutual funds 903,918 4.67% N/A N/R Real estate 4,682,598 24.21% N/A N/R Total investments 17,795,807 Total managed cash and investments 19,344,796$ 100.00% 4.4 4.5 Interest Rate Risk – Firefighters’ Supplemental Pension Plan: As a means of limiting exposure to fair value losses arising from rising interest rates, the Firefighters’ Supplemental Pension Plan investment policy limits the duration of the fixed income portfolio to less than 135% of the duration of the Bloomberg Barclay’s Intermediate Aggregate Bond Index. Credit Risk – Firefighters’ Supplemental Pension Plan: The Firefighters’ Supplemental Pension Plan investment policy limits credit risk by restricting equity investments to securities that are fully and easily negotiable. Investments in corporations whose stock has been publicly traded for less than one year are limited to 15% at cost value of the equity portfolio. Investment in equity securities whose market capitalization is less than $10 billion dollars shall be limited to 25% of the total equity portfolio. Exchange traded funds (ETF’s) or Exchange Traded Notes (ETN’s) may not exceed 10% at cost value of any equity manager’s portfolio. Investments in real estate shall not exceed 35% (at market valuation) of the value of the total fund assets. Investments in absolute or real return strategies shall not exceed 20% of the value of the total fund assets. The average credit quality of the bond portfolio shall be “A” or higher, and those securities rated below “BBB” shall not exceed 15% of the entire fixed income portfolio. Concentration of Credit Risk – Firefighters’ Supplemental Pension Plan: The Firefighters’ Supplemental Pension Plan investment policy limits concentration of credit risk by limiting the investment in common stock or capital stock of any one issuing company within an investment manager’s portfolio to 5% of the portfolio. Similarly, no more than 5% at cost value of a fixed income investment manager’s portfolio may be invested in the securities of any single corporate issuer per the plan investment policy. Finally, investments in collateralized mortgage obligations are limited to 25% of the market value of the investment manager’s total portfolio. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 67 Custodial Credit Risk – Firefighters’ Supplemental Pension Plan: This is the risk that in the event of the failure of a counterparty, the Plan will not be able to recover the value of its investments that are in the possession of an outside party. Plan investments are held by the Plan’s custodial bank and registered in the Plan’s name. Foreign Currency Risk – Firefighters’ Supplemental Pension Plan: Risk of loss arises from changes in currency exchange rates. The Firefighters’ Supplemental Pension Plan requires that no more than 25% of the market value of the plan’s total assets may be invested in foreign equity securities, commingled or mutual funds. Direct investment in foreign companies is limited to those traded on a national exchange and/or American Depository Receipts (ADR’s). Fair Value Measurement: The Firefighters’ Supplemental Pension Plan has adopted the provisions of GASB Statement No. 72 and fully disclosed in the notes to the financial statements the fair value hierarchy and the methods of valuing the related investments as required under generally accepted accounting principles. The Plan has the following recurring fair value measurements as of September 30, 2022: Quoted Prices in Significant Active Markets Other Significant for Identical Observable Unobservable Fair Value Assets (Level 1)Inputs (Level 2)Inputs (Level 3) U.S. Treasury obligations 657,215$ 657,215$ -$ -$ Municipal obligations 133,526 - 133,526 - Domestic corporate bonds 1,186,124 - 1,186,124 - International equity securities 375,127 375,127 - - Domestic stocks 3,248,331 3,248,331 - - Mortgage backed bonds 1,228,692 - 1,228,692 - Domestic equity mutual funds 5,380,276 5,380,276 - - International equity mutual funds 903,918 - 903,918 - Real estate 4,682,598 - - 4,682,598 17,795,807$ 9,660,949$ 3,452,260$ 4,682,598$ III.B. Receivables Receivables as of year-end for the City’s governmental, proprietary and internal service funds, including the applicable allowances for uncollectible accounts for the proprietary funds, are segregated on the fund financial statements. Mortgages, Notes, and Other Loans in the amount of $4,846,448 are reported on the Governmental Funds Balance Sheet, net of an allowance for uncollectible accounts in the amount of $11,928,413. The gross receivable of $16,774,861 includes $1,089,993 of long-term loans receivable that are not expected to be collected within the next fiscal year. Mortgage notes receivable and the related payment history are reviewed individually on an annual basis to determine collectability for allowance and bad debt determinations. Receivables as of year-end for the primary government’s individual major funds, as well as non-major funds and internal service funds in the aggregate, are as follows: City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 68 Receivables, net of applicable allowances for uncollectible accounts (amounts in thousands): Franchise Accounts Taxes Fees Interest and Contracts Leases Notes Other Total General fund 1,639$ 1,075$ 169$ 463$ 2,380$ -$ 46$ 5,772$ Special Development 33 - 103 - - - 1 137 Special Programs - - 51 - - 9,477 - 9,528 Capital Improvement - - 54 - - - 18 72 Non-major governmental funds - - 23 - - 7,298 - 7,321 Internal service funds - - 142 - - - 89 231 Total governmental 1,672 1,075 542 463 2,380 16,775 154 23,061 Less: Allowance for uncollectable accounts (121) - - - - (11,928) (12,049) Net governmental receivables 1,551$ 1,075$ 542$ 463$ 2,380$ 4,847$ 154$ 11,012$ Water and Sewer Utility -$ -$ 309$ 8,541$ 192$ -$ 37$ 9,079$ Gas Utility - - 47 3,488 - - 8 3,543 Solid Waste and Recycling Utility - - 70 2,648 - - - 2,718 Stormwater Utility - - 69 2,216 - - - 2,285 Non-major enterprise funds - - 67 - 5,340 - - 5,407 Total business-type - - 562 16,893 5,532 - 45 23,032 Less: Allowance for uncollectable accounts - - - (42) - - - (42) Net business-type receivables -$ -$ 562$ 16,851$ 5,532$ -$ 45$ 22,990$ III.C. Lease Receivables The City, as a lessor, has entered into the following lease agreements: Fields, Inc. d/b/a Barefoot Beach House leases the premises on Clearwater Beach at 332 South Gulfview Blvd. to operate a food and beach accessory concession and restroom complex. The lease terminates on December 31, 2024. There are no further renewals available. Monthly fixed base rent payments of $8,334 are received in the General Fund, as well as additional rent which varies based on gross sales. A lease receivable of $223,079 and a deferred inflow of $230,355 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.743%. Alexandra of Clearwater Beach, Inc. leases the premises on Clearwater Beach at 10 Pier 60 Drive to operate a food and beach accessory concession and restroom complex. The lease terminates on February 28, 2027. There are no further renewals available. Fixed base rent of $50,000 is due annually on March 1st, in addition to fixed monthly rent of $10,000 and additional rent which varies based on gross sales. A lease receivable of $712,919 and a deferred inflow of $726,483 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 1.090%. Clearwater Community Sailing Association, Inc. leases the premises on Clearwater Beach (3,658 square feet of real property and improvements) at 1001 Gulf Blvd., known as the Clearwater Community Sailing Center, and two additional tracts of land. The lease terminates on February 29, 2024. There are no renewals available. Monthly base rent of $1,459 is received in the General Fund, and is subject to increase annually on March 1st based on the CPI for all Urban Consumers (CPI-U), South Urban Area, for the twelve-month period ending December 31st. A lease receivable of $24,711 and a deferred inflow of $26,058 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.529%. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 69 Clearwater Golf Club, LLC leases the golf course located at 525 Betty Lane North, known as the Clearwater Country Club. The lease terminates on April 30, 2041. There are no renewals available. In lieu of rent, the Club at its sole expense will perform the renovations and construction stated in the agreement, valued at approximately $1.2 million, during the five-year period ending April 30, 2027. A lease receivable of $1,066,452 (present value of the required improvements using a discount rate of 2.36%) and a deferred inflow of $1,044,235 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 2.36%. Martin Luther King, Jr. Neighborhood Family Center, Inc. leases 530 square feet of office space at the North Greenwood Aquatics and Recreation Complex located at 900 North Martin Luther King, Jr. Avenue. The lease terminates on September 30, 2026 if not renewed for an additional five-year term. Quarterly rent of $5,000 is received in the General Fund, and may be adjusted for the renewal term, if exercised, to reflect applicable changes in the use of the premises or the cost of operating the facility. A lease receivable of $78,177 and a deferred inflow of $82,789 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 1.090%. The Philadelphia Phillies baseball club leases the stadium known as BayCare Ballpark, located at 601 North Old Coachman Road, for use as a spring training facility and also the home of their Class A affiliate, the Clearwater Threshers. The lease terminates on December 31, 2023 if renewal options are not exercised. Annual rent of $204,000 is received in the General Fund. A lease receivable of $202,927 and a deferred inflow of $255,088 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is .529%. Clearwater Golf Associates, Inc. leases a golf course located at 1875 Airport Road, known as The Landings Golf Club of Clearwater. The lease terminates on February 28, 2029. There are no renewals available. Quarterly fixed rent of $3,000 is received in the General Fund, as well as 3% of gross revenues in excess of $1.1 million annually. A lease receivable of $71,715 and a deferred inflow of $72,464 are recorded in the General Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 1.390%. A portion of the water tower premises at 1751 Kings Highway and Weston Drive is leased to T-Mobile (formerly MetroPCS California/Florida, Inc.) for location of a cell tower and related equipment. The lease terminates on December 18, 2025. There are no further renewals available. Annual lease payments are received in the Water and Sewer Utility Fund. A lease receivable of $113,325 and a deferred inflow of $139,263 are recorded in the Water and Sewer Utility Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.916%. A portion of the water tower premises at 3200 SR-580 and McMullen Booth Road (5,525 square feet) is leased to Crown Castle (formerly GTE Mobilnet of Tampa, Inc.) for location of a cell tower and related equipment. The lease terminates on September 30, 2025 if not renewed for additional five-year terms through 2040. Annual lease payments are received in the Water and Sewer Utility Fund. A lease receivable of $78,397 and a deferred inflow of $91,671 are recorded in the Water and Sewer Utility Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.916%. Fifty-one commercial boat slips at the Clearwater Beach Marina are leased to various parties for a term of five years. There is no renewal option. Termination dates range from April 30, 2024 to November 2, 2026. Monthly lease payments ranging from $487.44 to $2,561.27, based on the passenger capacity and number of vessels in the slip, are received in the Marine Operations Fund. There are no scheduled rent increases; however, the City Manager is authorized to adjust vessel slip rent increases or decreases up to ten percent annually, based on surveys of rates charged by other municipal and local area marinas. Current rates reflect the most recent increase on May 1, 2022. A lease receivable of $1,107,211 and a deferred inflow of $1,126,134 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate ranges from 0.743% to 1.264% for these leases. Clearwater Angler, LLC d/b/a The Bait Shop leases the building at 45 Causeway Blvd., located at the Clearwater Beach Marina. The lease terminates on September 30, 2023 if the second and final renewal is not exercised. Monthly lease payments of $2,864, increasing 3% to $2,950 on October 1, 2022, are received in the Marine Operations Fund. A lease City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 70 receivable of $35,303 and a deferred inflow of $37,507 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.316%. Suite #101 of the Clearwater Beach Marina headquarters located at 25 Causeway Blvd. is leased to Kenneth Hayslett, individually, and RE/MAX Action First of Florida, Inc. The lease terminates on May 31, 2024 if the renewal options are not exercised. Monthly lease payments of $3,742, increasing 3% to $3,854 on June 1, 2023, are received in the Marine Operations Fund. A lease receivable of $75,685 and a deferred inflow of $78,003 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.743%. Suite #104 of the Clearwater Beach Marina headquarters located at 25 Causeway Blvd. is leased to Thomas C. Wolkowsky, Patricia A. Wolkowsky and Olivia O. Wolkowsky d/b/a Pirate’s Pantry. The lease terminates on September 30, 2023 if the second and final renewal is not exercised. Monthly lease payments of $691, increasing 3% to $712 on October 1, 2022, are received in the Marine Operations Fund. A lease receivable of $8,522 and a deferred inflow of $9,054 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.316%. Suite #106 of the Clearwater Beach Marina headquarters located at 25 Causeway Blvd. is leased to Thomas C. Wolkowsky, Patricia A. Wolkowsky and Olivia O. Wolkowsky d/b/a Marina Beach Shoppe. The lease terminates on September 30, 2023 if the second and final renewal is not exercised. Monthly lease payments of $2,597, increasing 3% to $2,674 on October 1, 2022, are received in the Marine Operations Fund. A lease receivable of $32,002 and a deferred inflow of $34,000 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.316%. Suite #108 of the Clearwater Beach Marina headquarters located at 25 Causeway Blvd. is leased to Marina Cantina, LLC d/b/a Poke Havana. The lease terminates on September 30, 2023 if the second and final renewal is not exercised. Monthly lease payments of $1,615, increasing 3% to $1,664 on October 1, 2022, are received in the Marine Operations Fund. A lease receivable of $19,907 and a deferred inflow of $21,150 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.316%. Suite #109 of the Clearwater Beach Marina headquarters located at 25 Causeway Blvd. is leased to Harbor Barber and Beauty Salon, Inc. The lease terminates on September 30, 2023 if the second and final renewal is not exercised. Monthly lease payments of $907, increasing 3% to $935 on October 1, 2022, are received in the Marine Operations Fund. A lease receivable of $11,183 and a deferred inflow of $11,881 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.316%. Suite #103 and Suite #105 as well as the entire second floor of the Clearwater Beach Marina headquarters located at 25 Causeway Blvd., is leased to Marina Cantina, LLC for use as restaurant space (10,141 of interior space and 15,578 square feet of exterior/seasonal patio space). The lease terminates on September 30, 2027 if the renewal options are not exercised. Monthly lease payments of $14,789, increasing to $16,902 on October 1, 2022, are received in the Marine Operations Fund. A lease receivable of $982,811 and a deferred inflow of $972,225 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 0.316%. The premises (land and building) located at 37 Causeway Blvd. is leased to Clearwater Beach Seafood, Inc. for use as Crabby’s Dockside Restaurant. The lease terminates on March 31, 2047. There is no renewal option. Current monthly fixed base rent of $13,285 is received in the Marine Operations Fund, as well as a percentage rent that varies according to food and alcohol sales. The base rent is adjusted annually on May 1st, the greater of 2% or the percentage increase in the PPI for the previous twelve months. A lease receivable of $2,931,026 and a deferred inflow of $2,902,785 are recorded in the Marine City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 71 Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 2.461%. Clearwater Marine Aquarium leases slips 1-20, known as the Island Estates boat slips, for a term of five years expiring on May 31, 2026. There is no renewal option; however, a new agreement may be negotiated at the termination of the current agreement. Consideration in lieu of rent consists of $137,000 of investments and upgrades to the slips to be completed by May 31, 2026. A lease receivable of $137,000 and a deferred inflow of $137,000 are recorded in the Marine Operations Enterprise Fund and the government-wide statements as of September 30, 2022. The City’s incremental borrowing rate is 1.090%. III.D. Capital assets Capital asset activity for the year ended September 30, 2022: Beginning Ending Governmental Activities:Balance Increases Decreases Balance Non-depreciable capital assets: Land 92,280,967$ 820,990$ (635,000)$ 92,466,957$ Construction in progress 27,180,485 50,965,552 (9,223,223) 68,922,814 Total non-depreciable capital assets 119,461,452 51,786,542 (9,858,223) 161,389,771 Depreciable capital assets: Buildings 174,115,455 158,141 (1,131,926) 173,141,670 Improvements other than buildings 52,170,021 9,041,399 (202,205) 61,009,215 Machinery and equipment 119,156,290 6,133,432 (5,005,190) 120,284,532 Infrastructure 163,562,540 - - 163,562,540 Total depreciable capital assets 509,004,306 15,332,972 (6,339,321) 517,997,957 Less accumulated depreciation for: Buildings (89,162,431) (5,357,172) 3,071,960 (91,447,643) Improvements other than buildings (28,017,705) (2,541,847) 200,824 (30,358,728) Machinery and equipment (87,848,512) (10,572,228) 2,851,674 (95,569,066) Infrastructure (122,215,232) (4,347,882) - (126,563,114) Total accumulated depreciation (327,243,880) (22,819,129) 6,124,458 (343,938,551) Net depreciable capital assets 181,760,426 (7,486,157) (214,863) 174,059,406 Net governmental activities capital assets 301,221,878$ 44,300,385$ (10,073,086)$ 335,449,177$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 72 Beginning Ending Business-type activities:Balance Increases Decreases Balance Non-depreciable capital assets: Land 30,829,028$ -$ (230,009)$ 30,599,019$ Construction in progress 11,193,368 17,927,397 (5,156,941) 23,963,824 Total non-depreciable capital assets 42,022,396 17,927,397 (5,386,950) 54,562,843 Depreciable capital assets: Buildings 86,650,444 1,836,309 (11,533,434) 76,953,319 Improvements other than buildings 728,982,333 5,832,927 (1,000,000) 733,815,260 Machinery and equipment 20,554,509 737,316 (250,551) 21,041,274 Total depreciable capital assets 836,187,286 8,406,552 (12,783,985) 831,809,853 Less accumulated depreciation for: Buildings (17,115,862) (2,493,202) 1,369,596 (18,239,468) Improvements other than buildings (413,929,224) (18,887,769) 1,000,000 (431,816,993) Machinery and equipment (11,983,155) (1,760,527) 249,034 (13,494,648) Total accumulated depreciation (443,028,241) (23,141,498) 2,618,630 (463,551,109) Net depreciable capital assets 393,159,045 (14,734,946) (10,165,355) 368,258,744 Net business-type activities capital assets 435,181,441$ 3,192,451$ (15,552,305)$ 422,821,587$ Depreciation expense was charged to functions / programs of the primary government as follows: Governmental activities: General government 723,558$ Public safety 1,344,047 Transportation, including depreciation on infrastructure assets 4,160,006 Economic environment 45,861 Culture and recreation 6,388,155 Capital assets held by governmental internal service funds are charged to the various functions based on their usage of assets 10,157,502 22,819,129$ Business-type activities: Water and sewer utility 13,497,433$ Gas utility 3,993,309 Solid waste and recycling utility 1,086,565 Stormwater utility 3,580,089 Marine operations 27,070 Aviation operations 186,807 Parking system operations 436,623 Clearwater Harbor Marina operations 333,602 23,141,498$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 73 III.E. Right to use assets Right to use asset activity for the year ended September 30, 2022: Beginning Ending Governmental Activities:Balance Increases Decreases Balance Right to usel assets: Leased buildings 973,066$ -$ -$ 973,066$ Leased equipment 904,251 395,675 - 1,299,926 Total right to use assets 1,877,317 395,675 - 2,272,992 Less accumulated amortization for: Leased buildings - (393,808) - (393,808) Leased equipment - (487,792) - (487,792) Total accumulated amortization - (881,600) - (881,600) Net governmental right to use assets 1,877,317$ (485,925)$ -$ 1,391,392$ The City is a lessee of the following right to use assets: The City leases the 6th floor (13,024 square feet) of One Clearwater Tower located at 600 Cleveland Street for use as a temporary City Hall. The lease terminates on January 31, 2024 if the five-year renewal option is not exercised. Monthly lease payments of $21,935, increasing to $22,597 on January 1, 2023, are paid from the General Fund. The City has recorded a lease liability in the government-wide statements in the amount of $357,219 as well as a right to use asset in the amount of $373,357, net of accumulated amortization, as of September 30, 2022. The City’s incremental borrowing rate is 0.529%. The City leases 2,660 square feet of office space. The lease terminates on April 30, 2023. There are no renewal options. Monthly lease payments of $4,167 are paid from the General Fund. The City has recorded a lease liability in the government- wide statements in the amount of $29,115 as well as a right to use asset in the amount of $33,063, net of accumulated amortization, as of September 30, 2022. The City’s incremental borrowing rate is 0.529%. The City leases a 56’ X 24’ modular unit to be used as a temporary fire station during the construction of Fire Station #46. The lease terminates on July 31, 2023. There are no renewal options. Monthly lease payments of $2,725 are paid from the appropriate capital project in the Capital Improvement Fund. The City has recorded a lease liability in the government-wide statements in the amount of $27,184 as well as a right to use asset in the amount of $29,746, net of accumulated amortization, as of September 30, 2022. The City’s incremental borrowing rate is 0.529%. The City leases Suite 400 (3,719 square feet) in the Powell Professional Center located at 401 Corbett Street for use as an employee health clinic. The lease terminates on May 31, 2024. There are no renewal options. Monthly lease payments of $6,864, increasing to $7,070 on June 1, 2023, are paid from the Central Insurance Fund. The City has recorded a lease liability in the Central Insurance Internal Service Fund and the government-wide statements in the amount of $138,841 as well as a right to use asset in the amount of $143,092, net of accumulated amortization, as of September 30, 2022. The City’s incremental borrowing rate is 0.743%. The City leases various computer equipment from Hewlett-Packard Financial Services Company for terms of 36 months. There are twelve leases outstanding with termination dates ranging from December 31, 2022 to June 30, 2025. There are no renewal options. Quarterly lease payments ranging from $3,588 to $28,746 are paid from the Administrative Services Fund. The City has recorded a lease liability in the Administrative Services Internal Service Fund and the government-wide statements in the amount of $803,928 as well as a right to use asset in the amount of $812,134, net of accumulated amortization, as of September 30, 2022. The City’s incremental borrowing rate ranges from 0.308% to 2.552% for these leases. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 74 Future lease payments on right to use assets are as follows: Principal Interest Total 2023 924,633$ 10,927$ 935,560$ 2024 354,205 4,397 358,602 2025 77,449 787 78,236 1,356,287$ 16,111$ 1,372,398$ The City does not report any right to use assets in the proprietary fund statements or business-type activities in the government- wide statements. III.F. Construction commitments As of September 30, 2022, material outstanding construction commitments were as follows: Construction Commitments Project Fund Outstanding Imagine Clearwater Capital Improvement Fund 27,539,563$ Northeast Water Reclamation Facility Improvements Water & Sewer Utility Enterprise Fund 7,371,290 Fire Ststion #46 Capital Improvement Fund 6,081,076 Cleveland Street Streetscape Phase 3 Capital Improvement Fund 3,176,580 Bridge Repairs Capital Improvement Fund 2,468,477 Compressed Natural Gas Station Upgrades Gas Utility Fund 2,264,431 Cleveland Street Streetscape Phase 3 Stormwater Utility Enterprise Fund 1,903,003 Annual Roadway Resurfacing Program Capital Improvement Fund 1,097,593 Cleveland Street Streetscape Phase 3 CRA Capital Improvement Fund927,795 Police Department District 3 Sub-Station Capital Improvement Fund885,109 Del Oro Park Site Improvements Capital Improvement Fund 751,399 Annual Stormwater Repairs Stormwater Utility Enterprise Fund 731,384 Sailing Center Pier and Dock Replacements Capital Improvement Fund 621,368 MSB Parking Garage Rehabilitation Parking Fund 523,061 Total Construction Commitments 56,342,129$ III.G. Interfund receivables, payables, and transfers III.G.1. Interfund balances As discussed in Note III.A., individual fund deficits in the consolidated cash pool, if any, have been reclassified as of September 30, 2022, as interfund loans from the Capital Improvement Fund, which was selected by management for this purpose. This reclassification results in a corresponding reduction in the cash equity in the Capital Improvement Fund, offset by an increase in interfund receivables. As of September 30, 2022, there were no funds with a cash pool deficit. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 75 The amounts of the reclassified cash pool deficits, if any, as well as the current portion of other individual fund interfund payable and receivable balances are classified as Due from/to Other Funds. The long-term portions of other interfund balances are classified as Advances to/from Other Funds. Due from Due to Advances to Advances from Fund Other Funds Other Funds Other Funds Other Funds General Fund -$ 133,011$ -$ 444,103$ Special Revenue Funds: Special Programs Fund - - 325,440 - Community Redevelopment Agency Fund - - - 325,440 Capital Projects Fund: Capital Improvement Fund 3,701,646 - 9,804,866 - Enterprise Funds: Water & Sewer Utility Fund - 105,476 - 324,569 Solid Waste & Recycling Utility Fund - 528,706 - 2,248,353 Internal Service Funds: Administrative Services Fund - 34,929 - 52,626 General Services Fund - 6,939 - 21,236 Garage Fund - 3,237,775 - 8,565,488 Central Insurance Fund 345,190 - 1,851,509 - 4,046,836$ 4,046,836$ 11,981,815$ 11,981,815$ Descriptions of interfund loans as of September 30, 2022: An internal loan from the Special Programs special revenue fund to the Community Redevelopment Agency Fund in the amount of $325,440, approved on September 1, 2011, for the environmental cleanup of the Car Pro site in the East Gateway area of the downtown. This loan is interest-free and is to be repaid upon the sale of the developed parcel. Because the first principal payment is not due within one year, this loan is classified as an advance. An internal loan from the Central Insurance Fund to the Solid Waste/Recycling Utility Fund in the amount of $3.5 million, approved November 16, 2017, to partially fund the construction of a Solid Waste Transfer Station. This loan provides for 10 equal payments of $396,812, including interest at 2.35%, beginning September 30, 2019 and ending September 30, 2028. The current portion of this loan ($345,190) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($1,851,509) is classified as an advance. An internal loan from the Capital Improvement Fund to the General Fund in the amount of $125,584 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $26,675, including interest at 2.04%, beginning May 31, 2020 and ending May 31, 2024. The current portion of this loan ($25,619) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($26,141) is classified as an advance. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 76 An internal loan from the Capital Improvement Fund to the Water & Sewer Utility Fund in the amount of $191,586 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $40,694, including interest at 2.04%, beginning May 31, 2020 and ending May 31, 2024. The current portion of this loan ($39,083) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($39,880) is classified as an advance. An internal loan from the Capital Improvement Fund to the Solid Waste & Recycling Utility Fund in the amount of $395,983 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $84,109, including interest at 2.04%, beginning May 31, 2020 and ending May 31, 2024. The current portion of this loan ($80,779) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($82,427) is classified as an advance. An internal loan from the Capital Improvement Fund to the Garage Fund in the amount of $3,363,457 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $714,414, including interest at 2.04%, beginning May 31, 2020 and ending May 31, 2024. The current portion of this loan ($686,134) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($700,132) is classified as an advance. An internal loan from the Capital Improvement Fund to the General Fund in the amount of $174,984 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $36,054, including interest at 1.00%, beginning July 1, 2022 and ending July 1, 2026. The current portion of this loan ($34,647) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($106,033) is classified as an advance. An internal loan from the Capital Improvement Fund to the Solid Waste & Recycling Fund in the amount of $518,874 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $106,909, including interest at 1.00%, beginning July 1, 2022 and ending July 1, 2026. The current portion of this loan ($102,737) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($314,417) is classified as an advance. An internal loan from the Capital Improvement Fund to the Administrative Services Fund in the amount of $56,170 to fund the purchase of computers and network equipment. This loan provides for 3 equal payments of $19,005, including interest at 0.75%, beginning July 1, 2022 and ending July 1, 2024. The current portion of this loan ($18,723) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($18,863) is classified as an advance. An internal loan from the Capital Improvement Fund to the General Services Fund in the amount of $35,046 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $7,221, including interest at 1.00%, beginning July 1, 2022 and ending July 1, 2026. The current portion of this loan ($6,939) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($21,236) is classified as an advance. An internal loan from the Capital Improvement Fund to the Garage Fund in the amount of $5,140,518 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $1,059,151, including interest at 1.00%, beginning July 1, 2022 and ending July 1, 2026. The current portion of this loan ($1,017,824) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($3,114,948) is classified as an advance. An internal loan from the Capital Improvement Fund to the General Fund in the amount of $384,674 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $83,516, including interest at 2.80%, beginning August 1, 2023 and ending August 1, 2027. The current portion of this loan ($72,745) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($311,929) is classified as an advance. An internal loan from the Capital Improvement Fund to the Water & Sewer Utility Fund in the amount of $351,081 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $76,223, including interest at 2.80%, beginning August 1, 2023 and ending August 1, 2027. The current portion of this loan ($66,393) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($284,689) is classified as an advance. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 77 An internal loan from the Capital Improvement Fund to the Administrative Services Fund in the amount of $49,969 to fund the purchase of computers and network equipment. This loan provides for 3 equal payments of $17,581, including interest at 2.75%, beginning August 1, 2023 and ending August 1, 2025. The current portion of this loan ($16,206) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($33,763) is classified as an advance. An internal loan from the Capital Improvement Fund to the Garage Fund in the amount of $2,554,384 to fund the purchase of radio equipment. This loan provides for 3 equal payments of $898,715, including interest at 2.75%, beginning August 1, 2023 and ending August 1, 2025. The current portion of this loan ($828,470) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($1,725,914) is classified as an advance. An internal loan from the Capital Improvement Fund to the Garage Fund in the amount of $3,729,841 to fund the purchase of vehicles and other equipment. This loan provides for 5 equal payments of $809,783, including interest at 2.80%, beginning August 1, 2023 and ending August 1, 2027. The current portion of this loan ($705,347) is due within one year and is therefore classified as due to/due from other funds, while the long-term portion ($3,024,494) is classified as an advance. III.G.2. Interfund transfers Transfers are primarily used to 1) transfer revenues that have been collected in the required fund per state law to the funds and activities that state law allows for expenditures; 2) transfer of “payment in lieu of taxes” contributions from the utility funds to the General Fund; 3) transfer funding from governmental funds to debt service and capital improvements funds; and 4) transfer matching funds from the General Fund to various grant programs. Other non-routine interfund transfers occurring during the current fiscal year included: A transfer of $4,752 from the Central Insurance Fund to various funds for perfect claims safety award; a transfer of $115,000 from the Community Redevelopment Agency Fund to the General Fund for a new Assistant Director position; a transfer of $400,000 from General Fund to the Capital Improvement Fund for the Sailing Center Dock Replacement project; a transfer of $300,000 from General Fund to the Capital Improvement Fund for the Greenprint Implementation project; a transfer of $2.8 million from General Fund to the Capital Improvement Fund for the Fire Station 46 project; a transfer of $1,344 from the Special Programs Fund to the Capital Improvement Fund for the Studio/Production Equipment project; a transfer of $30,063 from the Capital Improvement Fund to the General Fund to return unspent funds in the Command Bus Refurbishment project; a transfer of $2.3 million from the General Fund to the Clearwater Harbor Marina Fund for the Clearwater Harbor Marina Replacement & Upgrade project; a transfer of $7.4 million from the General Fund to the Capital Improvement Fund for the New City Hall project; to record a transfer of $13,000 from the Administrative Services Fund to the Aviation Fund for the Security System Upgrade project; a transfer of $250,000 from the General Fund to the Marina Fund for the Beach Marina Upgrade project; a transfer of $350,000 from the Special Development Fund to the Capital Improvement Fund for the Park Land Acquisition project; and a transfer of $22 million from the Special Programs Fund to the General Fund, and then transfers from the General Fund to the Capital Improvement Fund and the Special Programs Fund for ARPA projects and programs approved by City Council. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 78 Interfund transfers for the year ended September 30, 2022 consisted of the following: Transfers to General Fund from: Capital Improvement Fund 30,063$ Special Programs Fund 22,711,690 Water & Sewer Utility Enterprise Fund 5,008,810 Gas Utility Enterprise Fund 1,700,000 Solid Waste & Recycling Utility Enterprise Fund 1,513,770 Stormwater Utility Enterprise Fund 942,880 Nonmajor governmental funds 839,853 Nonmajor enterprise funds 997,594 Internal service funds 3,786 Total 33,748,446 Transfers to Special Programs Fund from: General Fund 12,098,174 Transfers to Capital Improvement Fund from: General Fund 29,498,720 Special Development Fund 16,801,790 Special Programs Fund 195,344 Stormwater Utility Enterprise Fund 830,000 Nonmajor governmental funds 427,795 Nonmajor enterprise funds 85,000 Internal service funds 28,280 Total 47,866,929 Transfers to Gas Utility Enterprise Fund from: Internal service funds 660 Transfers to Nonmajor governmental funds from: General Fund 3,573,537 Capital Improvement Fund 927,795 Nonmajor governmental funds 4,924,637 Total 9,425,969 Transfer to Nonmajor enterprise funds from: General Fund 2,289,695 Capital Improvement Fund 517,386 Internal service funds 13,102 Total 2,820,183 Transfers to Internal service funds from: General Fund 6,728,300 Capital Improvement Fund 624,664 Special Programs Fund 112,981 Water & Sewer Utility Enterprise Fund 396,711 Gas Utility Enterprise Fund 41,083 Solid Waste & Recycling Utility Enterprise Fund 182,131 Stormwater Utility Enterprise Fund 287,283 Nonmajor enterprise funds 52,788 Internal service funds 204 Total 8,426,145 Total interfund transfers 114,386,506$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 79 III.H. Financed Purchases The City purchases various equipment for governmental and business-type activities under financed purchase agreements (direct borrowings). The equipment is purchased with cash and subsequently provided as collateral via a financing agreement, typically for a five-year term. Obligations under these financed purchase agreements are recorded at the present value of their future minimum payments as of date of inception. Purchase of the assets is recorded as a cash outflow and the subsequent receipt of the financing proceeds is recorded as “proceeds from issuance of debt” for Statement of Cash Flows reporting. Capitalized equipment subject to financed purchase agreements as of September 30, 2022: Governmental Business-type Activities Activities Equipment 20,887,792$ 1,113,570$ Less: Accumulated Depreciation (12,763,002) (556,226) Total 8,124,790$ 557,344$ The future minimum payments under financed purchase agreements are as follows as of September 30, 2022: Governmental Business-type Year Ending Sept. 30 Activities Activities 2023 3,948,757 219,324 2024 2,099,255 176,966 2025 1,458,967 146,279 7,506,979 542,569 Deduction of the amount of imputed interest necessary to reduce net minimum lease payments to present value 7,380,273$ 532,753$ (126,706) (9,816) City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 80 III.I. Long-term debt III.I.1. Bonds Payable $14,810,000 Revenue Bonds (Spring Training Facility), Series 2002; issued to finance a portion of the cost of the acquisition, construction, rehabilitation and equipping of a spring training facility to be used by the Philadelphia Phillies major league baseball team; serial bonds due in annual installments of $310,000 on March 1, 2023; interest at 5.375%; 5.375% term bonds in the amount of $1,420,000 due March 1, 2027; and 5.375% term bonds in the amount of $1,750,000 due March 1, 2031. $3,480,000 $30,000,000 Non-Ad Valorem Revenue Bonds (Imagine Clearwater Improvements), Series 2022; issued to finance and/or reimburse a portion of the cost of acquisition, construction and equipping of the Imagine Clearwater Project; serial bonds due in annual installments of $205,000 on October 1, 2023 to $1,165,000 due at October 1, 2042; interest at 4.00% to 5.00%; 4.125% term bonds in the amount of $3,785,000 due October 1, 2045; 4.125% term bonds in the amount of $4,280,000 due October 1, 2048; 4.125% term bonds in the amount of $3,155,000 due October 1, 2050; and 4.125% term bonds in the amount of $3,420,000 due October 1, 2052. 30,000,000 Total revenue bonds for governmental activities 33,480,000 $69,270,000 Water and Sewer Revenue Refunding Bonds, Series 2017; issued to refund and redeem the outstanding principal of the City’s Water and Sewer Revenue Bonds, Series 2009A, maturing on and after December 1, 2020; term bonds due in annual installments of $730,000 on December 1, 2022, to $9,265,000 on December 1, 2039; interest at 3.50% to 5.00%. 67,900,000 $29,080,000 Water and Sewer Revenue Refunding Bond, Series 2017B; a direct placement bank loan issued to refund and redeem the outstanding principal of the City’s Water and Sewer Revenue Refunding Bonds, Series 2011, maturing on and after December 1, 2022; term bonds due in annual installments of $2,285,000 on December 1, 2022, to $2,895,000 on December 1, 2032; interest at 2.40%. 28,375,000 $20,430,000 Water and Sewer Revenue Refunding Bonds, Series 2020: issued to refund and redeem the outstanding principal of the City’s Water and Sewer Revenue Refunding Bond, Series 2014, a direct placement bank loan, maturing on and after December 1, 2020; serial bonds due in annual installments of $1,295,000 on December 1, 2022, to $2,060,000 on December 1, 2032; interest at 5.00%. 18,215,000 $7,365,000 Gas System Revenue Refunding Bond, Series 2013; a direct placement bank loan issued to current refund the City’s callable Gas System Revenue Refunding Bonds, Series 2004, maturing after September 1, 2013; term bonds due in annual installments of $435,000 on September 1, 2023, to $1,520,000 on September 1, 2026; interest at 2.41%.3,880,000 $5,405,000 Gas System Revenue Refunding Bond, Series 2014; a direct placement bank loan issued to current refund the City’s callable Gas System Revenue Refunding Bonds, Series 2005, maturing after September 1, 2014; term bonds due in annual installments of $300,000 on September 1, 2023, to $2,040,000 on September 1, 2027; interest at 2.67%.3,285,000 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 81 $19,365,000 Stormwater System Revenue Refunding Bonds, Series 2012, issued to pay and redeem all of the Stormwater Revenue Bonds, Series 2002, currently outstanding; serial bonds due in annual installments of $890,000 on November 1, 2022, to $1,350,000 on November 1, 2032, interest at 3.00% to 5.00%. 12,245,000 Total revenue bonds and direct placement bank loans for business-type activities 133,900,000 Total bonds payable $167,380,000 III.I.2. Restrictive covenants and collateral requirements The Revenue Bonds (Spring Training Facility), Series 2002, are special, limited obligations of the City, payable solely from and secured by a lien upon and pledge of the (i) payments received by the City from the State of Florida pursuant to Section 212.20, Florida Statutes (State payments); and (ii) payments received by the City from Pinellas County, Florida pursuant to the Interlocal Agreement dated December 1, 2000 (County payments). The pledge of the State Payments and County Payments does not constitute a lien upon any property of the City. Furthermore, neither the City, Pinellas County, the State of Florida, nor any political subdivision thereof has pledged its faith or credit or taxing power to the payment of the bonds. However, the City has pledged, per a municipal bond insurance debt service agreement, to supplement State and County payments with non-ad valorem City revenues, if necessary, to pay debt service. The Non-Ad Valorem Revenue Bonds (Imagine Clearwater Improvements), Series 2022, are limited obligations of the City, payable solely from non-ad valorem revenues of the City and secured by a covenant to budget and appropriate funds sufficient for the payment of principal and interest and certain other required payments in each fiscal year. The pledge of non-ad valorem revenues does not constitute a lien upon any property of the City, nor do the bonds constitute a general indebtedness of the City. The Water and Sewer Revenue Refunding Bonds, Series 2017, Series 2017B and Series 2020, are limited obligations of the City payable solely from and secured by a lien upon and pledge of the net revenues of the City’s water and sewer system (System). The pledge of the System’s net revenues does not constitute a lien upon any property of the City. The covenants of the ordinances authorizing the bonds include, among other things, an obligation of the City to fix and maintain such rates, and collect such fees, rentals and other charges for the services and facilities of the System and revise the same from time to time whenever necessary, which will provide gross revenues in each fiscal year sufficient to pay the cost of operation and maintenance of the system; one hundred fifteen percent (115%) of the bond service requirement becoming due in such fiscal year on the outstanding bonds; plus one hundred percent (100%) of all reserve and other payments required to be made pursuant to the ordinances authorizing the bonds. The City further covenants that such rates, fees, rentals and other charges will not be reduced so as to render them insufficient to provide gross revenues for such purpose. The Gas System Revenue Refunding Bonds, Series 2013 and Series 2014, are limited obligations of the City payable solely from and secured by a lien upon and pledge of the net revenues of the City’s gas system (System). The pledge of the System’s net revenues does not constitute a lien upon any property of the City. The covenants of the ordinances authorizing the bonds include, among other things, an obligation of the City to fix, establish, revise from time to time whenever necessary, maintain and collect always, such fees, rates, rentals and other charges for the use of the product, services and facilities of the System which will always provide revenues in each year sufficient to pay, and out of such funds pay, 100% of the cost of operations and maintenance of the System in such year and all reserve and other payments provided for in the ordinances authorizing the bonds, along with one hundred twenty five percent (125%) of the bond service requirement due in such year on all outstanding bonds. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 82 The Stormwater Revenue Refunding Bonds, Series 2012, are limited obligations of the City payable solely from and secured by a lien upon and pledge of the net revenues of the City’s stormwater management system (System). The pledge of the System’s net revenues does not constitute a lien upon any property of the City. The covenants of the ordinances authorizing the bonds include, among other things, an obligation of the City to fix, revise from time to time whenever necessary, and maintain and collect always such fees, rates, rentals and other charges for use of the products, services, and facilities which will always provide net revenues in each year sufficient to pay one hundred fifteen percent (115%) of the bond service requirement becoming due in such fiscal year on the outstanding bonds. The City further covenants that such rates, fees, rentals and other charges will not be reduced so as to render them insufficient to provide revenues for such purpose. Additionally, the covenants of each of the above issues includes a “Reserve Requirement” equal to the lesser of the Maximum Bond Service Requirement for any given year; 125% of the Average Annual Bond Service Requirement; or the largest amount as shall not adversely affect the exclusion of interest on the Bonds from gross income for Federal income tax purposes. A Reserve Fund has been funded for the Series 2012 Bonds. Annual debt service requirements to maturity for revenue bonds and direct placement bank loans are as follows: Year Ending September 30 Principal Interest Principal Interest Principal Interest 2023 310,000$ 1,129,744$ 2,915,000$ 4,222,044$ 3,020,000$ 834,798$ 2024 530,000 1,488,703 3,065,000 4,074,688 3,085,000 760,804 2025 845,000 1,453,072 3,215,000 3,927,538 4,195,000 685,237 2026 890,000 1,408,366 3,360,000 3,778,113 4,300,000 582,838 2027 935,000 1,361,334 3,520,000 3,621,913 4,550,000 477,948 2028-2032 4,935,000 6,027,538 20,135,000 15,506,906 13,495,000 1,172,340 2033-2037 4,070,000 4,930,875 35,425,000 9,507,688 2,895,000 34,740 2038-2042 5,160,000 3,827,550 26,725,000 1,631,900 - - 2043-2047 6,320,000 2,649,922 - - - - 2048-2052 7,740,000 1,204,203 - - - - 2053 1,745,000 37,081 - - - - Totals 33,480,000$ 25,518,388$ 98,360,000$ 46,270,790$ 35,540,000$ 4,548,705$ Governmental Activities Revenue Bonds Direct Placement Bank Loans Business-type Activities Revenue Bonds III.I.3. Pledged revenues State of Florida and Pinellas County Payments Pledged: The City has pledged future revenues derived from payments received from the State of Florida pursuant to Section 212.20, Florida Statutes, and payments from Pinellas County, Florida pursuant to an Interlocal Agreement, together with any investment income earned on the revenues, to repay $14.8 million in Spring Training Facility Revenue bonds issued in September 2002. Proceeds from the bonds provided financing for a portion of the costs of the acquisition, construction, rehabilitation, and equipping of a spring training facility to be used by the Philadelphia Phillies major league baseball team. The bonds are payable solely from the State of Florida and Pinellas County, Florida payments and are payable through March 2031. Annual principal and interest payments on the bonds are expected to require less than 100 percent of net revenues. The total principal and interest remaining to be paid on the bonds is $4,387,031. Principal and interest paid for the current year and total revenue received were $488,983 and $458,667, respectively. Non-Ad Valorem Revenues: The City has covenanted and agreed to appropriate in its annual budget, by amendment if necessary, sufficient amounts of non-ad valorem revenues for payment of the principal and interest and to make certain other payments as required, for each fiscal year in which the Non-Ad Valorem Revenue Bonds (Imagine Clearwater Improvements) Series 2022, remain outstanding. Proceeds from the bonds provided financing for the cost of acquisition, construction or equipping of the Imagine Clearwater Project and to pay related costs of issuance of the Series 2022 bonds. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 83 Annual principal and interest payments on the bonds are expected to require less than 100 percent of net revenues. The total principal and interest remaining to be paid on the bonds is $54,611,356. Debt service payments commence on April 1, 2023; therefore, no principal and interest payments were made in the current year. Water and Sewer Utility Net Revenues Pledged: The City has pledged future net revenues of the City of Clearwater, Florida, Water & Sewer Utility, defined as all income or earnings, including any income from the investment of funds, derived by the City from the operation of the utility after deduction of current expenses for the operation, maintenance and repair of the system, but not including reserves for renewals and replacements, for extraordinary repairs or any allowance for depreciation to repay: $69.3 million Water and Sewer Revenue Refunding bonds issued in February 2017. Proceeds from the bonds provided financing to refund and redeem the outstanding principal maturing on or after December 1, 2020 of the City’s Water and Sewer Revenue Bonds, Series 2009A. The bonds are payable solely from the Water and Sewer Utility net revenues and are payable through December 2039. $29.1 million Water and Sewer Revenue Refunding bond, a direct placement bank loan, issued in September 2017. Proceeds from the bonds provided financing to refund and redeem the outstanding principal maturing on or after December 1, 2022 of the City’s Water and Sewer Revenue Refunding Bonds, Series 2011. The bonds are payable solely from the Water and Sewer Utility net revenues and are payable through December 2032. $20.4 million Water and Sewer Revenue Refunding bonds issued January 2020. Proceeds from the bonds provided financing to refund and redeem the outstanding principal maturing on or after December 1, 2020 of the City’s Water and Sewer Revenue Refunding bond, Series 2014, a direct placement bank loan. The bonds are payable solely from the Water and Sewer Utility net revenues and are payable through December 2032. Annual principal and interest payments on the bonds are expected to require less than 85 percent of net revenues. The total principal and interest remaining to be paid on the bonds is $162,104,940. Principal and interest paid for the current year ($8,745,155) required 55.65% of total net revenue ($15,714,393). Stormwater Utility Net Revenues Pledged: The City has pledged future net revenues of the City of Clearwater, Florida, Stormwater Utility, defined as all income or earnings, including any income from the investment of funds, derived by the City from the operation of the utility after deduction of current expenses for the operation, maintenance and repair of the system, but not including reserves for renewals and replacements, for extraordinary repairs or any allowance for depreciation to repay: $19.4 million Stormwater Revenue Refunding bonds issued in February 2012. Proceeds from the bonds provided sufficient funds to be available on March 5, 2012 to pay and redeem the City’s outstanding Stormwater Revenue Bonds, Series 2002. The bonds are payable solely from the Stormwater Utility net revenues and are payable through November 2032. Annual principal and interest payments on the bonds are expected to require less than 60 percent of net revenues. The total principal and interest remaining to be paid on the bonds is $14,807,388. Principal and interest paid for the current year ($9,318,962 including $7,885,000 to redeem all outstanding principal on the 2013 Stormwater Revenue Refunding Bond, a direct placement bank loan) required 147.84% of total net revenue ($6,303,234). Gas System Utility Net Revenues Pledged: The City has pledged future net revenues of the City of Clearwater, Florida, Gas System Utility defined as all income or earnings, including any income from the investment of funds, derived by the City from the operation of the utility after deduction of current expenses for the operation, maintenance and repair of the system, but not including reserves for renewals and replacements, for extraordinary repairs or any allowance for depreciation to repay: $7.4 million Gas System Revenue Refunding bond, a direct placement bank loan, issued in June 2013. Proceeds from the bonds provided financing to refund the outstanding principal of the Gas System Revenue Refunding bonds, Series 2004. The bonds are payable solely from the Gas System Utility net revenues and are payable through September 2026. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 84 $5.4 million Gas System Revenue Refunding bond, a direct placement bank loan, issued in June 2014. Proceeds from the bonds provided financing to refund the outstanding principal of the Gas System Revenue Refunding bonds, Series 2005. The bonds are payable solely from the Gas System Utility net revenues and are payable through September 2027. Annual principal and interest payments on the bonds are expected to require less than 60 percent of net revenues. The total principal and interest remaining to be paid on the bonds is $7,807,164. Principal and interest paid for the current year ($909,070) required 15.60% of total net revenue ($5,827,158). III.I.4. Advance refunding of bonds On September 21, 2017, the City issued at a discount $29,080,000 of Water & Sewer Revenue Refunding Bonds, Series 2017B, a direct placement bank loan, for the purpose of advance refunding and redeeming on December 1, 2021, $30,465,000 principal of Water & Sewer Revenue Refunding Bonds, Series 2011, maturing on or after December 1, 2022. The net proceeds in the amount of $34,708,045 (after payment of $91,402 plus additional cash of $5,792,147 from released debt service reserve escrow), were deposited into an irrevocable trust with an escrow agent to provide for all future debt service payments on the refunded bonds. The refunding transaction resulted in an aggregate debt service reduction in the amount of $9,757,105 and an economic gain (difference between the present value of the debt service payments on the old and new debt) of $2,336,358. There was no outstanding principal of the refunded bonds as of September 30, 2022. A portion of the proceeds of the above-referenced bond issues was deposited into an irrevocable trust with an escrow agent and used to purchase securities of the United States Government and related agencies at various maturities and interest rates sufficient to meet all debt service requirements of the refunded debt. These assets are administered by trustees and are restricted to use for retirement of the refunded debt. The liability for the refunded bonds and the related securities and escrow accounts are not included in the accompanying financial statements as the City defeased its obligation for payment of the refunded debt upon completion of the refunding transactions. III.I.5. Early redemption of bonds On November 1, 2021, the city exercised a total early redemption option of the 2013 Stormwater Revenue Refunding Bond, a direct placement bank loan issued by STI Institutional & Governmental, Inc. The payout amount consisted of the principal balance of $7,885,000 and accrued interest in the amount of $117,487. III.I.6. Non-Ad valorem revenue bonds On November 21, 2019, City Council adopted Resolution 19-34 authorizing the issuance of not-to-exceed $30 million of City of Clearwater, Florida Non-Ad Valorem Revenue Bonds (Imagine Clearwater Improvements) to finance and/or reimburse a portion of the costs of acquisition, design, construction, reconstruction, renovation, expansion, improving and equipping the Imagine Clearwater project at Coachman Park. The bonds would be issued as covenant to budget and appropriate legally available non-ad valorem revenue bonds (CBA bonds), which are not a traditional revenue pledge but rather a covenant, or “promise”, to budget and appropriate non-ad valorem revenues each budget year, sufficient to pay debt service and other costs of the bonds. On February 6, 2020, City Council adopted Ordinance 9357-20, ratifying the adoption of Resolution 19-34, and authorizing the issuance of bonds to finance a portion of the costs of the Imagine Clearwater project in accordance with the Clearwater Code of Ordinances. Pursuant to a hearing on September 1, 2020, a Final Judgement was issued by the Circuit Court for Pinellas County validating and confirming the bonds, including the City’s authority to issue the bonds; the legality and validity of the bonds; the legality and validity of the proceedings authorizing the issuance and execution of the bonds including the bond resolution and bond ordinance, and the adoption of both the bond resolution and bond ordinance; the lawfulness of the City’s covenant City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 85 to budget, appropriate and deposit non-ad valorem revenues in the manner and to the extent provided in the bond resolution and the pledge of funds to secure payment of the bonds; and the legality and validity of all matters and proceedings in connection therewith. The bonds were issued on July 14, 2022. III.I.7. Changes in long-term liabilities Beginning Ending Due Within Balance Additions Reductions Balance One Year Governmental activities: Bonds payable: 3,775,000$ 30,000,000$ (295,000)$ 33,480,000$ 295,000$ Add (subtract) deferred amounts: For issuance premiums (discounts) 50,547 1,225,939 (25,039) 1,251,447 - Net bonds payable 3,825,547 31,225,939 (320,039) 34,731,447 295,000 Financed purchases (a) 12,787,134 - (5,406,861) 7,380,273 5,406,861 Compensated absences (b) 9,517,797 6,665,679 (6,230,639) 9,952,837 5,540,843 Other postemployment benefits (c) 19,086,503 2,098,024 (5,161,275) 16,023,252 - Net pension liability - 6,162,205 - 6,162,205 - Lease obligations 1,877,317 395,675 (916,705) 1,356,287 924,633 Claims payable (d) 10,067,200 22,520,573 (22,845,269) 9,742,504 4,079,616 Governmental activity Long-term liabilities 57,161,498$ 69,068,095$ (40,880,788)$ 85,348,805$ 16,246,953$ Business-type activities: Bonds payable: Revenue bonds payable 103,165,000$ -$ (4,805,000)$ 98,360,000$ 2,915,000$ Less deferred amounts: For issuance premiums (discounts) 7,835,890 - (902,202) 6,933,688 - Net revenue bonds payable 111,000,890 - (5,707,202) 105,293,688 2,915,000 Direct placement bank loans (e) 44,300,000 - (8,760,000) 35,540,000 3,020,000 Less deferred amounts: For issuance premiums (discounts) (44,449) - 6,947 (37,502) - Net direct placement bank loans 44,255,551 - (8,753,053) 35,502,498 3,020,000 Total bonds payable 155,256,441 - (14,460,255) 140,796,186 5,935,000 Financed purchases (a) 892,823 - (360,070) 532,753 213,543 Compensated absences (b) 2,351,786 1,285,263 (1,400,264) 2,236,785 1,245,239 Other postemployment benefits (c) 8,433,905 959,630 (2,360,754) 7,032,781 - Net pension liability - 817,301 - 817,301 - Business-type activity Long-term liabilities 166,934,955$ 3,062,194$ (18,581,343)$ 151,415,806$ 7,393,782$ (a) Financed purchase agreements (direct borrowings): On September 19, 2013, City Council approved a Master Lease Purchase Agreement with The Bankcorp Bank d/b/a Mears Motor Leasing to finance the acquisition of vehicles and equipment from October 1, 2013 through September 30, 2018. Since the agreement expired at the end of fiscal 2018, there is no remaining line of credit as City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 86 of September 30, 2022. The vehicles and equipment were purchased by the city with cash and subsequently provided as collateral to the lender. The city has the option to prepay without any prepayment penalty. In the event that insufficient funds are appropriated in any fiscal year to pay amounts due, the agreement will terminate on the last day of the fiscal year for which payments were made, and the city will surrender the vehicles and equipment to the lender. In the event of default, the lender’s sole remedy is to sue for compensatory damages, which are agreed to be any accrued and unpaid rental payments, provided that the vehicles and equipment are surrendered to the lender in proper working order. On February 1, 2019, City Council approved a Master Lease Purchase Agreement with SunTrust Equipment Finance and Leasing Corp. (now Truist Equipment Finance Corp.) to provide a line of credit in the amount of $36,650,000 to finance the acquisition of vehicles and equipment from October 1, 2018 through September 30, 2023. The remaining line of credit as of September 30, 2022 is $25,945,345. The vehicles and equipment were purchased by the city with cash and subsequently provided as collateral to the lender. The city has the option to prepay in whole but not in part on any payment date as set forth in the applicable Payment Schedule, if and to the extent the Payment Schedule permits such prepayment, with written notice given not less than thirty days prior to the payment date. In the event that that sufficient funds are not appropriated for the following fiscal year, the city will be deemed to not have renewed the agreement, the agreement will terminate at the end of the current fiscal year, and the city will be required to return the equipment to the lender. In the event of default, the lender may, at its option, declare all payments due to the end of the current budget year to be immediately due and payable, terminate the agreement and repossess any or all of the equipment, or exercise any other remedy available at law or in equity with respect to such default. The reduction in financed purchases of $5,406,861 includes $4,696,060 for internal service funds and $710,801 for governmental funds. There are no additions for governmental funds for fiscal 2022. (b) Compensated absences are paid by the fund where salaries are incurred, which is primarily the General Fund for governmental activities. (c) Since the OPEB plan’s inception in fiscal 2008, other postemployment benefits costs are allocated to and paid by funds based on their percentage of full-time equivalent employees, which is primarily the General Fund for governmental activities. (d) The Central Insurance Fund, an internal service fund, accrues for estimated claims and pays claims for all departments. (e) Direct placement bank loans outstanding include: $3,880,000 for Gas System Revenue Refunding Bond, Series 2013, issued by STI Institutional & Governmental, Inc. Net revenues derived by the City from the operation of the respective utility system are pledged as security for the loans. In the event of default as defined in the City’s bond ordinance, the default rate of interest shall be the lesser of the maximum rate permitted by law or 18%. There are no termination or acceleration provisions that have finance-related consequences. $3,285,000 for Gas System Revenue Refunding Bond, Series 2014, issued by TD Bank, N.A. Net revenues derived by the City from the operations of the respective utility systems are pledged as security for the loans. In the event of default as defined by the City’s bond ordinance, the default rate of interest shall be Prime Rate plus 4%. There are no termination or acceleration provisions that have finance-related consequences. $28,375,000 for Water and Sewer Revenue Refunding Bond, Series 2017B, issued by Raymond James Capital Funding, Inc. Net revenues derived by the City from the operation of the City’s water and sewer utility are pledged as security for the loan. In the event of default as defined by the City’s bond ordinance, the default rate of interest shall be the greater of (a) Prime Rate plus 3%, (b) the Federal Funds Rate plus 5%, or (c) 7% per annum. There are no termination or acceleration provisions that have finance-related consequences. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 87 III.J. Restricted assets Restricted assets are classified as current or noncurrent on the Statement of Net Position based on the underlying liabilities payable from the restricted assets. III.J.1. Water and Sewer Utility Fund Assets in the Water and Sewer Utility Fund restricted for construction include: Sewer Improvement charges, the use of which is restricted by the authorizing ordinance to the construction of additions to the sewer system; assets remaining as of September 30, 2022, are: Cash and Investments $3,701,978 Assets of the Water and Sewer Utility Fund restricted under the provisions of the ordinances authorizing the issuance of Water and Sewer Revenue Bonds consisted of the following as of September 30, 2022: Water and Sewer Revenue Bonds Debt Service: Cash and Investments 5,099,767 Water and Sewer Revenue Bonds Renewals and Replacements: Cash and Investments 4,372,519 Assets of the Water and Sewer Utility Fund representing Customers' Deposits and therefore restricted, consisting entirely of Cash and Investments as of September 30, 2022 4,691,189 Total restricted assets – Water and Sewer Utility Fund $17,865,453 III.J.2. Gas Utility Fund Assets in the Gas Utility Fund restricted under the provisions of the ordinance authorizing the issuance of revenue bonds consisted of the following as of September 30, 2022: Gas System Revenue Bonds Debt Service: Cash and Investments $ 77,839 Renewals and Replacements: Cash and Investments 300,000 Assets of the Gas Utility Fund representing Customers' Deposits as of September 30, 2022: Cash and Investments 3,775,474 Total restricted assets – Gas Utility Fund $ 4,153,313 III.J.3. Solid Waste & Recycling Utility Fund Restricted assets in the Solid Waste & Recycling Utility Fund represent customer deposits in the amount of $1,341,420 as of September 30, 2022, consisting entirely of Cash and Investments. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 88 III.J.4. Stormwater Utility Fund Assets restricted under the provisions of the ordinances for the issuance of revenue bonds consisted of the following as of September 30, 2022: Stormwater Revenue Refunding Bonds – Series 2012 Debt Service: Cash and Investments $2,378,426 Total restricted assets – Stormwater Utility Fund $2,378,426 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 89 III.K. Fund Balance Classification Special Special Capital Non-Major General Development Programs Improvement Governmental Fund Fund Fund Fund Funds Non Spendable: Inventories 83,765$ -$ -$ -$ -$ Prepaid items 660 - - - - Restricted for: General government - - - 2,574,498 - Public safety - - 3,131,756 5,610,032 - Physical environment - 21,611 968,910 2,606,801 - Transportation - 3,053,253 - 17,218,384 - Economic environment - - 14,195,970 - 13,232,421 Human services - - 376,027 - - Culture and recreation - 4,231,783 157,610 11,890,908 780,258 Infrastructure capital projects - 8,405,093 - - - Committed to: General government - - 1,322,617 13,457,534 - Public safety - - 2,542,022 5,286,006 - Physical environment - - - 2,787,701 - Transportation - - - 10,444,663 - Economic environment - - - - - Human services - - 2,440,110 597,341 - Culture and recreation - - 150,978 6,776,686 - Assigned to: General government 165,075 - - - - Public safety 183,394 - - - - Physical environment - - - - - Transportation 13,193 486,536 - - - Economic environment 38,433 - - - - Human services 134,792 - - - - Culture and recreation 202,314 48,559 - - - Infrastructure capital projects - 73,519 - - - Unassigned 58,098,667 - - - - Total Fund Balances 58,920,293$ 16,320,354$ 25,286,000$ 79,250,554$ 14,012,679$ General Fund assigned fund balance ($737,201) relates to encumbrances. In the Special Development Fund, restricted amounts relate to collections from drainage fees ($21,611), sidewalk fees ($303,830), transportation impact fees ($2,459,805), local option gas tax ($289,618), recreation impact fees ($4,231,783), and local infrastructure sales tax ($8,405,093). Assigned amounts relate to the portion of property tax revenues that is set aside in the budget process to provide funding for road maintenance projects ($486,536), interest earned on recreation impact fees ($48,559), and interest earned on local infrastructure sales tax balances ($73,519). City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 90 Significant restrictions in Special Programs Fund include public safety restrictions for law enforcement programs ($1,770,978) and EMS programs ($1,360,778); physical environment restrictions for tree replacements ($968,910); and economic environment restrictions for economic development programs ($8,337,071) and low-income housing ($5,858,899). Significant commitments include general government commitments for electronic plan submittal program ($134,488), Nagano Sister City program ($163,386), the lien foreclosure program ($631,889) and the planning studies fund ($392,854); commitments to public safety for emergency operations ($2,088,240), police vehicles ($366,666), and law enforcement programs ($87,116); and commitments to human services for grant programs ($2,240,110). Amounts in the Capital Improvement Fund all relate to funding for various capital projects. Significant restrictions in the non-major governmental funds include economic environment restrictions for low-income housing ($1,747,549) and community redevelopment ($11,484,872); and culture and recreation restrictions for debt service ($780,258). Note IV - Other Information IV.A. Risk management The City is self-insured within certain parameters for losses arising from claims for general liability, auto liability, police professional liability, public official’s liability, property damage, and workers' compensation. Insurance coverage has been maintained by the City to pay for or indemnify the City for losses in excess of certain specific retentions and up to specified maximum limits in the case of claims for liability, property damage, and workers' compensation. The liability excess coverage is $5,000,000 per occurrence ($10,000,000 aggregate) with self-insured retention of $500,000. There is workers’ compensation coverage to the statutory limit, with self-insured retention of $600,000. The property damage excess coverage is $100 million per occurrence, except $75 million for the perils of Named Storm (per occurrence), Flood (annual aggregate) and Earth Movement (annual aggregate) after either a $100,000 self-insured retention for perils other than a named storm or 5% self-insured retention for named storm and High Hazard Flood with a $100,000 minimum. Settled claims have not exceeded excess coverage in any of the past three years. On October 17, 2012, City Council authorized a partial self-insured funding arrangement with Cigna for health insurance effective for the plan year beginning January 1, 2013. Per this arrangement, the City is self-insured for medical and pharmacy claims up to $250,000 per person per year. The City has purchased stop loss insurance from Cigna which covers 50% of individual claims for any amount of the claim between the amounts of $250,000 and $350,000 and covers 100% of individual claims for any amount of the claim exceeding the amount of $350,000 per person per year. In accordance with the fully insured arrangement between the City and Cigna prior to January 1, 2013, the City has no liability for health insurance claims incurred prior to this date. The City estimates a liability for health insurance claims incurred but not yet paid as of September 30, 2022 in the amount of $1,462,151. The transactions relating to the self-insurance program are accounted for in the Central Insurance Fund, an internal service fund. The billings by the Central Insurance Fund to the various operating funds (the interfund premiums) are based on actuarial estimates of the amounts needed to pay prior and current year claims. The claims liability reported as of September 30, 2022, is based on the requirements of GASB Statement No. 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 91 Changes in the claims liability amounts in fiscal years 2022 and 2021 were: IV.B. Employee retirement systems and pension plans IV.B.1. Defined benefit pension plans The City contributes to two separate single-employer, self-administered defined benefit pension plans covering approximately three-fourths of all City employees. The Employees' Pension Plan covers all permanent, full-time City employees who successfully pass the required physical examination, except for firefighters employed prior to July 1, 1963, and certain unclassified (primarily managerial) employees. The Firefighters’ Relief and Pension Plan covered eligible firefighters hired prior to July 1, 1963 and is closed to new entrants. As indicated, both plans are self-administered, and the administrative costs of the plans are financed from the respective plan assets. Each pension fund is accounted for as a pension trust fund; therefore, each is accounted for in substantially the same manner as proprietary funds with an economic resources measurement focus and the accrual basis of accounting. Fund assets, primarily investments, are valued at fair value for balance sheet purposes. Investment values are determined using the estimated fair value determined by averaging estimated fair values obtained from three or more nationally recognized brokers. For purposes of measuring the net pension liability (asset), deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plans, and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Detailed information about each plan’s fiduciary net position is available on pages 113-118 and pages 142-143 of this Annual Comprehensive Financial Report. Neither of these plans issues a stand-alone financial report. The Employees' Pension Plan is authorized by and operates under the provisions of Sections 2.391 through 2.428 of the Municipal Code of the City of Clearwater. Sections 2.391 through 2.401 apply to those participants who attained a vested benefit and terminated employment prior to January 1, 2013. Sections 2.410 through 2.428 apply to those participants who are actively employed by the City of Clearwater as of or after January 1, 2013. Plan provisions have been duly approved as required by the voters in referendums. Since the last valuation, there have been no revisions in benefits. The investment rate assumption has been reduced by 0.05% from 6.55% to 6.50%. This assumption change caused the required City contribution to increase by $224,890, or 0.24% of covered pensionable payroll. Management of the Employees’ Pension Plan is vested in the Clearwater City Council, serving as the Pension Trustees. Self Insurance Balance at September 30, 2020 9,453,227$ Current year claims and changes in estimates 22,000,189 Claims paid (21,386,216) Balance at September 30, 2021 10,067,200 Current year claims and changes in estimates 22,520,573 Claims paid (22,845,269) Balance at September 30, 2022 9,742,504$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 92 Plan membership/Employees covered by benefit terms. As of the most recent actuarial valuation date, January 1, 2022, the membership of the Employees’ Pension Plan was as follows: Employees' Pension Plan Retirees and beneficiaries currently receiving benefits 1,390 Terminated employees entitled to benefits but not yet receiving them 79 Active employees 1,510 Total number of participants 2,979 Benefits provided. The normal retirement benefit is a monthly benefit equal to 2.75% of average monthly compensation (2.00% for participants in non-hazardous duty hired on or after January 1, 2013) for the highest five of the final ten years of service multiplied by the number of years of service to date of retirement. Eligibility for normal retirement occurs upon completion of 10 years of service and the attainment of age 65, or completion of 20 years of service and the attainment of age 55, or completion of 30 years of service regardless of age, for employees hired before January 1, 2013 who are engaged in non- hazardous duty. For employees hired on or after January 1, 2013 who are engaged in non-hazardous duty, eligibility for normal retirement occurs upon completion of 25 years of service and attainment of age 60, or completion of 10 years of service and attainment of age 65. For those engaged in hazardous duty, eligibility occurs upon completion of 20 years of service or upon completion of 10 years of service and attainment of age 55. For all hazardous duty participants and non-hazardous duty participants eligible to retire as of January 1, 2013, the normal monthly benefit is payable for the life of the participant and will continue, after the participant's death, to be paid at the same amount for 5 years to the surviving spouse; after 5 years, the survivor annuity is reduced to 50% of the original amount and ceases upon death or remarriage of the spouse. For non- hazardous duty participants not eligible to retire as of January 1, 2013, the normal benefit is a monthly annuity paid for the life of the participant. There are several other benefit payment options that are computed to be the actuarial equivalent of the normal benefit. The plan provides for an annual cost of living adjustment (COLA) of up to 1.5% for benefits accrued prior to January 1, 2013. For non-hazardous duty participants, there is a five-year delay until the cost of living increase is applied to benefits accrued after January 1, 2013, and for Hazardous Duty Firefighters, there is no cost of living increase for benefits accrued after January 1, 2013. For Hazardous Duty Police Officers actively employed on or after January 1, 2020, there is a COLA of 1.5% on all benefits accrued after January 1, 2013. For all non-grandfathered Hazardous Duty Police Officers (not eligible for normal retirement on January 1, 2013), there will be a five-year delay (after the retirement date) until the COLA is applied to benefits accrued after January 1, 2013. The plan also provides for disability and death benefits, vesting after completion of 10 years of service and the refund of employee contributions in case of a non-vested termination. Covered employees in non-hazardous duty and employees in hazardous duty who are eligible to retire as of January 1, 2013 contribute 8% of their compensation. Covered employees in hazardous duty who are not eligible to retire as of January 1, 2013 contribute 10% of their compensation. It is the City's obligation to provide a sufficient additional contribution to maintain the actuarial soundness of the fund but, in any event, not less than 7% of participating employee’s compensation per the ordinance governing the plan. Contributions. Employer contributions are made in equal installments during the first two quarters of the fiscal year based upon the actuarially determined percentage of payroll and the actual payroll payable at the time contributions are made. The minimum required City contribution is 7% of covered payroll. Member contributions are made continuously throughout the year. Investment policy. The Employees’ Pension Plan Statement of Investment Objectives and Guidelines was adopted by the Pension Trustees on December 16, 2019. The investment policy requires an annual review by the Pension Investment Committee with a recommendation to the Pension Trustees to confirm or revise. The following was the Trustees’ adopted asset allocation policy as of September 30, 2022: City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 93 The Employees’ Pension Plan has invested in real estate, timber, and infrastructure limited partnership funds. The strategies of these funds are long term and illiquid in nature. As a result, investors are subject to redemption restrictions which generally limit distributions and restrict the ability of limited partners to exit a partnership investment prior to its dissolution. These investments partnerships are valued using their respective net asset value (NAV) and are audited annually. The most significant input into the NAV of such an entity is the fair value of its investment holdings. These holdings are valued by the general partners on a quarterly or semi-annual basis, in conjunction with management and investment advisors, and consultation with valuation specialists. The management assumptions are based upon the nature of the investment and the underlying business. The valuation techniques vary based upon investment type and involve a certain degree of expert judgment. All timber acquisitions are valued per an independent expert third party appraisal within one year of acquisition and similar independent third-party appraisals of fair value are conducted at least every three years thereafter. The infrastructure fund’s assets are valued by international recognized accounting firms and/or internationally recognized appraisal firms (independent appraisers) on a quarterly basis, with the independent appraisers rotated at three-year intervals. Concentrations. As of September 30, 2022, the Employees' Pension Plan held no investments (other than U.S. Government or U.S. Government guaranteed obligations) in any one organization comprising 5% or more of the net position available for benefits. Rate of return. For the fiscal year ended September 30, 2022, the annual money-weighted rate of return on investments of the Employees’ Pension Plan, net of pension plan investment expense, was (15.65)%. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. Net pension liability. The components of the net pension liability of the City for the Employees’ Pension Plan as of September 30, 2022, were as follows: Total pension liability 1,089,718,239$ Plan fiduciary net position 1,082,738,733 City's net pension liability 6,979,506$ Plan fiduciary net position as a percentage of 99.36% the total pension liability Asset Class Target Allocation Core Fixed Income 28.00% Global Equity 5.00% U.S. Large Cap Equities 26.00% U.S Mid Cap Equities 7.00% U.S. Small Cap Equities 6.00% International Equities 10.00% Emerging Markets Equities 3.00% Private Real Estate and REITS 15.00% 100.00% City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 94 The changes in the net pension liability (asset) of the City for the Employees’ Pension Plan for the year ending September 30, 2022 were as follows: Total Pension Plan Fiduciary Net Pension Liability Net Position Liability/(Asset) (a) (b) (a) - (b) Balances at 9/30/2021 1,055,835,834$ 1,325,814,385$ (269,978,551)$ Changes for the year: Service cost 18,718,516 - 18,718,516 Interest 68,447,973 - 68,447,973 Benefit changes - - - Differences between expected and actual experience (345,877) - (345,877) Assumption changes 6,156,036 - 6,156,036 Contributions - employer - 11,912,374 (11,912,374) Contributions - employee - 8,591,715 (8,591,715) Contributions - state tax - 12,000 (12,000) Net investment income - (204,174,834) 204,174,834 Benefit payments, including refunds of employee contributions (59,094,243) (59,094,243) - Administrative expense - (322,664) 322,664 Net changes 33,882,405 (243,075,652) 276,958,057 Balances at 9/30/2022 1,089,718,239$ 1,082,738,733$ 6,979,506$ Actuarial assumptions. The total pension liability was determined by an actuarial valuation as of January 1, 2022 (Valuation Date), using the following actuarial assumptions, applied to September 30, 2022 (Measurement Date): Inflation 2.25% Salary increases Hazardous Duty - 4.50% to 7.60%, including 2.25% inflation, based on merit and seniority Non-Hazardous Duty - 2.75% to 6.50%, including 2.25% inflation, based on merit and seniority Investment rate of return 6.50% net of investment expense The actuarial assumptions used in the January 1, 2022 valuation were based on the results of an Experience Investigation for the Five Years Ended December 31, 2017. Since the last valuation, the investment return assumption was reduced by 0.05% from 6.55% to 6.50%. This assumption change caused the required City contribution to increase by $224,890, or .024% of covered pensionable payroll. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 95 Long-term expected rate of return. The long-term expected rate of return on investments of the Employees’ Pension Plan was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These real rates of return are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. For each major asset class that is included in the pension plan’s target asset allocation as of September 30, 2022, these best estimates are summarized in the following table: Long-Term Expected Asset Class Real Rate of Return Core Fixed Income 1.10% Global Equity 4.43% U.S. Large Cap Equities 4.65% U.S. Mid Cap Equities 4.90% U.S. Small Cap Equities 4.90% International Equities 3.65% Emerging Markets Equities 4.65% Private Real Estate and REITS 5.90% Discount rate. A single discount rate of 6.50% was used to measure the total pension liability. The single discount rate was based on the expected rate of return on pension plan investments of 6.50%. The projection of cash flows used to determine single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the net pension liability (asset) to changes in the discount rate. The following presents the Employee Pension Plan’s net pension liability (asset), calculated using a single discount rate of 6.50%, as well as what the plan’s net pension liability (asset) would be if it were calculated using a single discount rate that is one percent lower or one percent higher. 1% Discount Rate 1% Decrease Assumption Increase 5.50% 6.50% 7.50% 143,296,204$ 6,979,506$ (105,962,663)$ Pension expense and deferred outflows of resources and deferred inflows of resources related to pensions. For the year ended September 30, 2022, the City recognized pension expense of $18,188,876 for the Employees’ Pension Plan. When combined with the Firefighters’ Relief and Pension Plan’s pension expense of $74,105, the City recognized $18,262,981 of pension expense for fiscal 2022. As of September 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to pension from the following sources: City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 96 Net Deferred Deferred Outflows Deferred Inflows Outflows (Inflows) of Resources of Resources of Resources Differences between expected and actual experience 2,222,176$ 1,127,492$ 1,094,684$ Changes in assumptions 12,830,929 9,806,494 3,024,435 Net differences between projected and actual earnings on pension plan investments 126,403,796 - 126,403,796 Total 141,456,901$ 10,933,986$ 130,522,915$ Amounts reported as deferred outflows or resources and deferred inflows on resources related to pensions will be recognized in pension expense as follows: Year ended September 30: 2023 26,789,635$ 2024 20,721,641 2025 24,126,768 2026 58,884,871 2027 - Thereafter - 130,522,915$ The Firefighters’ Relief and Pension Plan is authorized and operated under the provisions of Subpart B, Article I (Laws of Florida, Chapter 30658, 1955 and amendments), Sections 1 through 27 of the Municipal Charter and Related Law of the City of Clearwater and Chapter 26, Article III, Sections 26.50 through 26.52 of the Municipal Code of the City of Clearwater. Since the last actuarial valuation, the administrative expense assumption was changed from a flat $9,500 to a 3.00% loading of the future benefit liability. Management of the Firefighters’ Relief and Pension Plan rests with the Board of Trustees, which consists of the Mayor, the Fire Chief and three members of the Fire Department, which can be either active or retired members of the Firefighters’ Relief and Pension Plan, as stipulated in Chapter 2008-287, Laws of Florida. In the event that no member of the plan is available to stand for election, then a current firefighter of the department below the rank of chief who is willing to serve shall be placed on the ballot. If no one is available to stand for election, or if no one is available to participate in the voting, then members of the Board of Trustees will be appointed by the City Council from membership of the City Council. Plan membership/Employees covered by benefit terms. As of the most recent actuarial valuation date, October 1, 2022, the membership of the Firefighters’ Relief and Pension Plan was as follows: Firefighters' Relief and Pension Plan Retirees and beneficiaries currently receiving benefits 12 Terminated employees entitled to benefits but not yet receiving them - Active employees - Total number of participants 12 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 97 Benefits provided. The normal retirement benefit is a monthly benefit in the amount of 50% of the prevailing wage at the date of retirement of the lowest rank held by the participant during the three years immediately preceding retirement plus 2% of such prevailing wage for each year of service in excess of 20 years up to a maximum of 60%. Participants retiring at the age of 65 years are entitled to a benefit of 60% of the prevailing wage of the lowest rank held by the participant during the three years immediately preceding retirement. The ending rate of pay specified above may not exceed the highest rate of pay for the rank of Captain. Eligibility for normal retirement occurs upon completion of 20 years of service or attainment of age 65. The monthly benefits are payable for the life of the participant and continue, after the participant's death, to be paid to certain eligible surviving beneficiaries at an amount that is one-half of the amount received by the participant. Benefits are also provided for children of the deceased participant who are less than 18 years of age subject to certain limitations as to amount. The plan also provides for disability and death benefits and for vesting upon completion of at least 12 years of service. The plan provides for post-retirement cost of living increases equal to the increase in the prevailing wage for the rank at which the participant retired with a limitation for those retiring on or after January 1, 1972, of 100% of the initial pension benefit for total cost of living increases. Participating employees are required to contribute 6% of their salaries up to the equivalent of the salary of a fireman holding the rank of Captain. Effective with the fiscal year ended September 30, 2007, the Firefighters’ Relief and Pension Plan, with no remaining active members (only retirees), is fully funded per the requirements of the governing Ordinance. The City may elect to contribute should future valuations show an actuarial need for such. Contributions. Effective with the fiscal year ended September 30, 2007, the Firefighters’ Relief and Pension Plan, with no remaining active members (only retirees), was fully funded per the requirements of the governing Ordinance. There were no contributions to the plan, as it is a fully funded plan with no active participants. The City may elect to contribute should future annual valuations show an actuarial need for such. Investment policy. The Firefighters’ Relief and Pension Plan investment policy was adopted on September 28, 2000. It must be reviewed annually by the Board of Trustees. The following was the adopted asset allocation policy as of September 30, 2022: Asset Class Target Allocation Domestic Fixed Income 0 - 70% Pooled Cash 30% - 100% Concentrations. As of September 30, 2022, the Firefighters’ Relief and Pension Plan held no investments (other than U.S. Government or U.S. Government guaranteed obligations) in any one organization comprising 5% or more of the net position available for benefits. Rate of return. For the fiscal year ended September 30, 2022, the annual money-weighted rate of return on investments of the Firefighters’ Relief and Pension Plan, net of pension plan investment expense, was .58%. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. Net pension liability (asset). The components of the net pension liability (asset) of the City for the Firefighters’ Relief and Pension Plan as of September 30, 2022, were as follows: City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 98 Total pension liability 1,623,517$ Plan fiduciary net position 2,912,716 City's net pension liability (asset) (1,289,199)$ Plan fiduciary net position as a percentage of 179.41% the total pension liability The changes in the net pension liability (asset) of the City for the Firefighters’ Relief and Pension Plan for the year ending September 30, 2022 were as follows: Total Pension Plan Fiduciary Net Pension Liability Net Position Liability/(Asset) (a) (b) (a) - (b) Balances at 9/30/2021 1,743,078$ 3,247,484$ (1,504,406)$ Changes for the year: Service cost - - - Interest 40,834 78,247 (37,413) Differences between expected and actual experience 67,373 - 67,373 Assumption changes - - - Contributions - employer - - - Contributions - employee - - - Net investment income - (176,377) 176,377 Benefit payments, including refunds of employee contributions (227,768) (227,768) - Administrative expense - (8,870) 8,870 Net changes (119,561) (334,768) 215,207 Balances at 9/30/2022 1,623,517$ 2,912,716$ (1,289,199)$ Increase (Decrease) Actuarial assumptions. The total pension liability was determined by an actuarial valuation as of October 1, 2021 (Valuation Date), using the following actuarial assumptions, applied to September 30, 2022 (Measurement Date): Inflation 2.00% Salary increases N/A Investment rate of return 2.50% net of investment expense For non-disabled retirees, sex-distinct rates set forth in the PUB-2010 Headcount-Weighted Healthy Retiree Mortality Table for public safety employees (Below Median table for males), with full generational improvements in mortality using Scale MP-2018 and with ages set forward one year; for disabled retirees, sex-distinct rates set forth in the PUB-2010 Headcount- Weighted Disabled Retiree Mortality Table (80% general employee rates plus 20% public safety employee rates), with full generational improvements in mortality using Scale MP-2018. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 99 Long-term expected rate of return. Because the Firefighters’ Relief and Pension Plan is limited to investments in fixed income securities and pooled cash, the long-term expected rate of return will approximate the discount rate of 2.50%. Discount rate. A discount rate of 2.50% was used to measure the total pension liability. The discount rate was based on the actuary’s expectation of future yields and consideration of the City’s projection of future weighted yield based on current asset holdings. Sensitivity of the net pension liability (asset) to changes in the discount rate. The following presents the Firefighters’ Relief and Pension Plan’s net pension liability (asset), calculated using a discount rate of 2.50%, as well as what the plan’s net pension liability (asset) would be if it were calculated using a single discount rate that is one percent lower or one percent higher. 1% Discount Rate 1% Decrease Assumption Increase 1.50% 2.50% 3.50% (1,195,807)$ (1,289,199)$ (1,373,289)$ Pension expense and deferred outflows of resources and deferred inflows of resources related to pensions. For the year ended September 30, 2022, the City recognized pension expense of $74,105 for the Firefighters’ Relief and Pension Plan. When combined with the Employees’ Pension Plan’s pension expense of $18,188,876, the City recognized $18,262,981 pension expense for fiscal 2022. As of September 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to pension from the following sources: Net Deferred Deferred Outflows Deferred Inflows Outflows (Inflows) of Resources of Resources of Resources Differences between expected and actual experience -$ -$ -$ Changes in assumptions - - - Net differences between projected and actual earnings on pension plan investments 141,102 - 141,102 Total 141,102$ -$ 141,102$ Amounts reported as deferred outflows or resources and deferred inflows on resources related to pensions will be recognized in pension expense as follows: Year ended September 30: 2023 35,275$ 2024 35,275 2025 35,275 2026 35,277 2027 - Thereafter - 141,102$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 100 IV.B.2. Police Supplemental Pension Fund A supplemental defined contribution pension plan exists for all eligible policemen, which is funded by earmarked revenues received from the State and is administered by the Board of the Police Supplemental Pension Plan. The revenues received from the State are allocated among eligible police officers based on the number of days employed as Clearwater Police Officers. These revenues received from the State of Florida “on-behalf” of the City’s employees, which comprise the plan contributions, totaled $1,248,522 for the year ended September 30, 2022, and are obtained from an eighty-five one hundredths of one percent (0.85%) excise tax on the gross receipts from premiums collected on casualty insurance policies covering property within the City's corporate limits. These monies were recognized as General Fund revenues and General Fund police department expenditures in the current year. The current year contributions represent 5.58% of covered employees’ gross payroll. The fair value of cash and investments as of September 30, 2022, totaled $14,661,444. The Police Supplemental Pension Fund is authorized by and operates under the provisions of Sections 2.471 through 2.480 of the Municipal Code of the City of Clearwater and Chapter 185 of Florida Statutes. Under the plan provisions, the total monies received during each fiscal year, after payment or provision for all costs and expenses of management and operation of the plan, are allocated to participants based on the total number of shares to which each participant is entitled. Each participant is entitled to one share in the fund for each day of service as a police officer of the City. All police officers, as defined in Section 26.70(g) of the Code of Ordinances of the City of Clearwater, who are elected, appointed, or employed full-time by the City are eligible to participate in the plan. There are no employee contributions to the supplemental plan. Benefits are fully vested for a lump sum distribution after twenty years from the date of hire, with provision for partial vesting after ten or more years under the plan. Accumulated benefits are payable in full in case of death while employed by the City or in case of total and permanent job-related disability. Non-vested participants' account values upon termination of employment during any fiscal year are added to the monies received during that fiscal year for allocation to the remaining participants in the plan based on total days worked. Plan assets, primarily investments, are valued at fair value for balance sheet purposes. Investment values are determined using the estimated fair value determined by averaging estimated fair values obtained from three or more nationally recognized brokers. For the fiscal year ended September 30, 2022, the gross payroll of the covered officers was $22,359,515; the City's total gross payroll for the same period was $114,426,922. Since the entitlement to benefits is based entirely upon the allocation of monies received by the plan to the participants' share accounts, there is no actuarial liability on the part of either the State or the City. IV.B. 3. Firefighters’ Supplemental Pension Fund A supplemental defined contribution pension plan exists for all eligible firefighters, which is funded by earmarked revenues received from the State and is administered by the Board of the Clearwater Firefighters’ Supplemental Pension Plan. The revenues received from the State are allocated among eligible firefighters based on the number of days worked during the previous year. These revenues received from the State of Florida “on-behalf” of the City’s employees, which comprise the plan contributions, amounted to $1,393,032 in the year ended September 30, 2022, and are obtained from a one and eighty- five one hundredths percent (1.85%) excise tax on the gross receipts from premiums collected on property insurance policies covering property within the City's corporate limits. These monies were recognized as General Fund revenues and General Fund fire department expenditures in the current year. The current year contributions represent 7.47% of covered employees’ gross payroll. The fair value of cash and investments as of September 30, 2022, totaled $19,344,796. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 101 As the plan is described as a money purchase pension plan, whereby contributions are allocated based on the number of days worked during the fiscal year ended September 30, and interest earnings allocated based on the beginning balances in each participant's account, there is no actuarial liability on the part of the State or the City. The Firefighters’ Supplemental Pension Fund is authorized by and operates under the provisions of Sections 2.441 through 2.455 of the Municipal Code of the City of Clearwater and Chapter 175 of Florida Statutes. Eligibility requires two years of credited calendar year service as a firefighter with concurrent participation in the Employees' Pension Plan. There is no employee contribution to the supplemental plan, and benefits are vested for a lump sum distribution at ten years unless there is early retirement, disability or death. Non-vested participants' account values upon termination of employment are reallocated among the remaining participants based on days worked during the previous year. Plan assets, primarily investments, are valued at fair value for balance sheet purposes. Investment values are determined using the estimated fair value determined by averaging estimated fair values obtained from three or more nationally recognized brokers. For the fiscal year ended September 30, 2022, the gross payroll of covered firefighters was $18,647,955; the City's total gross payroll for the same period was $114,426,922. IV.B.4. Pension Plan Financial Statements Separate financial statements are provided in the Notes per the guidance of GASB Statement No. 34 as follows: City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 102 Statement of Fiduciary Net Position: Defined Benefit Defined Contribution Pension Trust Funds Pension Trust Funds Firefighters' Police Firefighters' Total Employees' Relief and Supplemental Supplemental Pension Pension Fund Pension Fund Pension Fund Pension Fund Trust Funds ASSETS Cash and cash equivalents $ 7,849,449 $ 74,007 $ 11,840 $ - $ 7,935,296 - Receivables:- Interest and dividends 3,376,924 40,052 19,983 30,321 3,467,280 Unsettled investment sales 7,269,146 - - - 7,269,146 Securities lending earnings 20,634 - - - 20,634 Due from others - - - - - Total receivables 10,666,704 40,052 19,983 30,321 10,757,060 Managed investment accounts, at fair value: Cash and cash equivalents 14,142,834 - 2,021,635 1,548,989 17,713,458 Government bonds 55,772,076 1,787,273 - 657,215 58,216,564 Agency bonds 3,480,551 1,011,384 - - 4,491,935 Municipal bonds 2,585,601 - - 133,526 2,719,127 Domestic corporate bonds 115,954,608 - - 1,186,124 117,140,732 International equity securities 104,467,563 - - 375,127 104,842,690 Domestic stocks 245,887,012 - - 3,248,331 249,135,343 Mortgage backed bonds 101,673,993 - - 1,228,692 102,902,685 Government issued commercial mortgage backed bonds 66,000 - - - 66,000 Asset backed securities 9,424,864 - - - 9,424,864 Other/rights/warrants 1,606 - - - 1,606 Domestic equity mutual funds 192,726,885 - 10,185,334 5,380,276 208,292,495 International equity mutual funds 37,031,154 - 2,454,475 903,918 40,389,547 Infrastructure 54,511,675 - - - 54,511,675 Real estate 134,198,683 - - 4,682,598 138,881,281 Total managed investment accounts 1,071,925,105 2,798,657 14,661,444 19,344,796 1,108,730,002 Securities lending collateral 11,755,307 - - - - Total assets 1,102,196,565 2,912,716 14,693,267 19,375,117 1,127,422,358 LIABILITIES Accounts payable 930,580 - 57 - 930,637 Unsettled investment purchases 6,736,968 - - - 6,736,968 Other payables 34,977 - - - 34,977 Obligations under securities lending 11,755,307 - - - 11,755,307 Total liabilities 19,457,832 - 57 - 19,457,889 NET POSITION Restricted for: Pensions 1,082,738,733 2,912,716 14,693,210 19,375,117 1,119,719,776 Total net position $ 1,082,738,733 $ 2,912,716 $ 14,693,210 $ 19,375,117 $ 1,119,719,776 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 103 Statement of Changes in Fiduciary Net Position: Defined Benefit Defined Contribution Pension Trust Funds Pension Trust Funds Firefighters' Police Firefighters' Total Employees' Relief and Supplemental Supplemental Pension Trust Pension Fund Pension Fund Pension Fund Pension Fund Funds ADDITIONS Contributions: Employer $ 11,912,374 $ - $ - $ - $ 11,912,374 Employer - state tax 12,000 - 1,248,522 1,393,032 2,653,554 Employees 8,591,715 - - - 8,591,715 Total contributions 20,516,089 - 1,248,522 1,393,032 23,157,643 Investment earnings (loss): Net increase (decrease) in fair value of investments (215,497,263) (196,993) (5,311,370) (3,790,914) (224,796,540) Interest, dividends and other 17,692,661 98,863 244,943 1,186,183 19,222,650 Securities lending income 504,040 - - - 504,040 Total investment earnings (loss) (197,300,562) (98,130) (5,066,427) (2,604,731) (205,069,850) Less investment costs: Investment management/custodian fees (6,697,985) - (26,884) (110,143) (6,835,012) Securities lending costs (176,287) - - - (176,287) Net investment earnings (loss) (204,174,834) (98,130) (5,093,311) (2,714,874) (212,081,149) Total additions (183,658,745) (98,130) (3,844,789) (1,321,842) (188,923,506) DEDUCTIONS Benefits 57,321,813 227,768 1,546,026 2,242,629 61,338,236 Refunds and transfers to other systems 1,772,430 - - - 1,772,430 Administrative expenses 322,664 8,870 23,948 43,078 398,560 Total deductions 59,416,907 236,638 1,569,974 2,285,707 63,509,226 Net increase (decrease) in fiduciary net position (243,075,652) (334,768) (5,414,763) (3,607,549) (252,432,732) Fiduciary net position - beginning 1,325,814,385 3,247,484 20,107,973 22,982,666 1,372,152,508 Fiduciary net position - ending $ 1,082,738,733 $ 2,912,716 $ 14,693,210 $ 19,375,117 $ 1,119,719,776 City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 104 IV.B.5. 401(a) Defined Contribution Plan For all management employees not covered under either of the defined benefit pension plans, the City provides pension benefits through a 401(a) defined contribution plan. In a defined contribution plan, benefits depend solely on amounts contributed to the plan plus investment earnings. Employees are participants from the date of employment and are fully vested upon enrollment. The plan is totally contributory on the part of the City in an amount equal to 15% of compensation on behalf of the City Manager and the City Attorney and 8% of compensation on behalf of all other management contract employees and Assistant City Attorneys. The City makes bi-weekly contributions to the Trust throughout the plan year to meet its funding obligations under the plan. Plan provisions and contribution requirements are established and may be amended by the City Council. MissionSquare Retirement, the trustee for the defined annuity, offers participants a variety of investment options. The City’s total gross payroll for the fiscal year ended September 30, 2022 was $114,426,922. The Plan members’ payroll for the same period totaled $5,301,938. The City’s contribution, per the above contribution rates, totaled $460,102. IV.B.6. Deferred compensation plan The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all City employees, permits them to defer a portion of their salary until future years. Participation in the plan is optional. The deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. Effective January 1, 1997, Federal legislation converted the Section 457 deferred compensation assets from City assets to employee assets. As a result of these changes, plan assets are no longer subject to the claims of the City’s general creditors. Consequently, these assets are no longer reported in the accompanying financial statements, in compliance with GASB Statement No. 32. IV.C. Post-employment Benefits Other Than Pension (OPEB) Plan Description. The City of Clearwater administers a single-employer defined benefit healthcare plan (the “Plan”) that provides medical insurance benefits to its employees and their eligible dependents. Because the City provides a medical plan to active employees of the City and their eligible dependents, the City is also required by Section 112.0801, Florida Statutes, to provide retirees with the opportunity to participate in this Plan. While the City does not directly contribute towards the costs of retiree premiums via an explicit subsidy, the ability of retirees to obtain health insurance coverage at a group rate which includes active employees, constitutes a significant economic benefit to retirees, or an “implicit” subsidy. This implicit subsidy is considered an “other post-employment benefit” (OPEB) obligation of the City. Since the City is currently funding this OPEB obligation on a pay-as-you-go basis, there are no plan assets accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. The OPEB expense recognized each fiscal year is equal to the change in the total OPEB liability from the beginning of the year to the end of the year, not including the impact of employer contributions, adjusted for deferred recognition of the liability. Benefits provided. Benefit provisions for the Plan are established by the City Council and may be amended by the City Council. The retirees pay the full group premium amount for health insurance with no explicit subsidy from the City. Additionally, the City provides and pays for $1,000 of term life insurance for retirees who retired before October 1, 2008. The term life insurance benefit provision was also established, and may be amended, by action of the City Council. Contribution rates for the Plan are established on an annual basis by the City Council. Eligible retirees and their covered dependents receiving benefits contribute 100% of their premium costs for health insurance and 0% of the cost for the $1,000 term life insurance. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 105 Employees covered by benefit terms. As of September 30, 2022 (measurement date), the following employees were covered by the benefit terms: Inactive plan members or beneficiaries currently receiving benefits 563 Inactive plan members entitled to but not yet receiving benefits74 Active plan members 1,569 Total plan members 2,206 Total OPEB Liability. The City’s total OPEB liability of $23,056,033 was measured as of September 30, 2022 and was determined by an actuarial valuation as of January 1, 2022. The Total OPEB Liability was rolled forward 9 months from the Valuation Date to the Measurement Date using standard actuarial techniques. Actuarial assumptions and other inputs. The total OPEB liability in the January 1, 2022 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified: Actuarial cost method Entry age normal Inflation 2.25% Discount rate 4.40% Healthcare cost trend rates Based on the Getzen Model, with trend starting at 5.75% and gradually decreasing to an ultimate trend rate of 3.99% The discount rate is based on Fidelity Investments’ “20-Year Municipal GO AA Index” as of the most recent date available on or before the measurement date. Mortality rates are the same as used in the July 1, 2021 actuarial valuation of the Florida Retirement System for non-K-12 Instructional Regular Class and Special Risk Class members. These rates were taken from adjusted Pub-2010 mortality tables published by the Society of Actuaries with generational mortality improvements using Scale MP-2018. Adjustments to referenced tables are based on the results of a statewide experience study covering the period 2013 through 2018. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 106 The changes in the total OPEB liability for the measurement year ending September 30, 2022 were as follows: Total OPEB Liability Balance at 9/30/2021 27,520,408$ Changes for the year: Service cost 2,412,125 Interest 645,529 Changes in benefit terms - Differences between expected and actual experience (5,128,309) Changes in assumptions and other inputs (1,481,029) Benefit payments (912,691) Net changes (4,464,375) Balance at 9/30/2022 23,056,033$ Changes in assumptions and other inputs reflect a change in the discount rate from 2.19% at the beginning of the measurement period to 4.40% at the end of the measurement period. In addition, per capita costs and premiums were updated based on information provided. Sensitivity of the total OPEB liability to changes in the discount rate. The following presents the City’s total OPEB liability calculated using a discount rate of 4.40%, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is one percent lower or one percent higher. Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. The following presents the City’s total OPEB liability calculated using the current healthcare cost trend rate assumption based on the Getzen Model of 5.75% and gradually decreasing to an ultimate trend rate of 3.99%, as well as what the City’s total OPEB liability would be if it were calculated using a trend rate that is one percent lower or one percent higher. Current Healthcare 1% Cost Trend Rate 1% Decrease Assumption Increase 20,208,374$ 23,056,033$ 26,529,187$ 1% Discount Rate 1% Decrease Assumption Increase 3.40% 4.40% 5.40% 25,375,094$ 23,056,033$ 21,002,300$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 107 OPEB expense and deferred outflows of resources and deferred inflows of resources related to OPEB. For the year ended September 30, 2022, the City recognized OPEB expense of $1,129,941. As of September 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Outflows Deferred Inflows Net Deferred Inflows of Resources of Resources of Resources Differences between expected and actual experience -$ 6,874,566$ (6,874,566)$ Changes in assumptions and other inputs 1,421,612 4,049,713 (2,628,101) Total 1,421,612$ 10,924,279$ (9,502,667)$ Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year ended September 30: 2023 (1,927,712)$ 2024 (1,794,897) 2025 (2,278,638) 2026 (1,532,343) 2027 (945,097) Thereafter (1,023,980) (9,502,667)$ IV.D. Securities lending transactions The City of Clearwater Employees’ Pension Plan participates in securities lending transactions, as authorized by the Pension Trustees on April 14, 2003, via a Securities Lending Authorization Agreement with Northern Trust Company, which is also the pension plan’s custodian. Securities are loaned versus collateral that may include cash, U.S government securities, and irrevocable letters of credit. U.S. securities are loaned versus collateral at 102% of the market value of the securities plus any accrued interest. Non-U.S. securities are loaned versus collateral at 105% of the market value plus any accrued interest. The Plan’s investment policy places no restrictions on the amount of securities that can be loaned. Non-cash collateral cannot be pledged or sold unless the borrower defaults. All securities loans can be terminated on demand by either the lender or the borrower. The average term for the pension plan’s loans as of September 30, 2022 was 100 days. Cash open collateral is invested in a short term investment pool, the Northern Trust Collective SL Core Short Term Investment Fund (CORECOLL). The fund had an average weighted maturity, lower of maturity date or interest reset date, of 26 days, and an average weighted maturity, maturity date, of 102 days, as of September 30, 2022. There were no significant violations of legal or contractual provisions, nor any borrower or lending agent default losses known to the securities lending agent. The Plan did not impose any restrictions on the amount of loans made by Northern Trust during fiscal year 2022. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 108 There are no dividends or coupon payments owing on the securities lent. Securities lending earnings are credited to participating clients on approximately the fifteenth day of the following month. Indemnification deals with the situation in which a client's securities are not returned due to the insolvency of a borrower and Northern Trust has failed to live up to its contractual responsibilities relating to the lending of those securities. Northern Trust’s responsibilities include performing appropriate borrower and collateral investment credit analyses, demanding adequate types and levels of collateral, and complying with applicable Department of Labor and Federal Financial Institutions Examination Council regulations concerning securities lending. The following is a summary of securities on loan and their collateral at fair value: Security Type Loaned Securities Cash Collateral U.S. Equity 46,093,591$ 47,624,532$ U.S. Corporate Fixed 19,652,058 20,234,532 U.S. Government Fixed 41,065,284 42,170,286 U.S. Agencies 881,318 905,040 Global Equities 780,328 820,917 Total 108,472,579$ 111,755,307$ Securities Collateralized by Cash On the statement of fiduciary net position, a securities lending asset of $111,755,307 was reported that represents the fair value of the investments made with cash collateral as of September 30, 2022. In addition, a securities lending obligation of $111,755,307 was reported that represents the collateral that the City is required to maintain to cover the fair value of the loaned securities. IV.E. Contingencies and commitments Pollution Remediation Claims Liabilities Pursuant to GASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, the City is required to analyze known polluted sites to determine future component cost outlays, including estimation where required, for pollution remediation. As of September 30, 2021, accruals totaled $457,288, consisting of $173,022 for the Harbor Drive Fill Area site, $22,398 for the Joe DiMaggio Sports Complex site, and $261,868 for assessment and remediation at the Gas Plant site (see the Soil and groundwater contamination site note below). During fiscal year 2022 there was an increase to estimates and contractual commitments in the amount of $72,400, and reductions/payments totaled $73,087. As of September 30, 2022, accruals totaled $456,601, consisting of $169,169 for the Harbor Drive Fill Area site, $8,008 for the Joe DiMaggio Sports Complex site, and $279,424 for assessment and remediation at the Gas Plant site. In addition to the above sites for which accruals exist, the City has 14 other sites that have known contamination from petroleum products, metals, arsenic, chlorine or coal tar. Seven of these sites are on the State of Florida Petroleum Clean- up Program. When any of these seven sites will be scheduled for cleanup cannot be determined at this time. They are under monitoring plans or are awaiting responses from the FDEP on data submitted by the City. Any additional cleanup costs for these sites cannot be estimated at this time. The Solid Waste Fuel Site was added to the list in 2022 due to a fuel spill resulting from a failed tank component. The site is still being assessed for cleanup costs, and remains under a Restrictive Covenant with FDEP. Soil and groundwater impacts are thought to be minimal. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 109 On November 19, 2013, the FDEP approved the certification of closure construction completion of the former fill area at Philip Jones Field. However, this site remains on the list as it includes the Harbor Drive Fill Area. Remediation of Phillip Jones Ballfield is complete, and the site is currently under monitoring and maintenance. A closure plan for the Harbor Drive Fill Area has been approved by FDEP, and cleanup is scheduled for 2023. Soil and groundwater contamination site The City is the owner of property located at 400 North Myrtle Avenue, Clearwater, Pinellas County, Florida ("Property"). The Property occupies approximately six acres and is currently used by the City Gas Division (“CGS”) as its administrative offices and operating facility. The City operated a manufactured gas plant at the Property from approximately 1929 to 1960. Following the discovery in June 1990 of soil and groundwater impacts at the Property allegedly resulting from the prior operation of the manufactured gas plant, the Florida Department of Environmental Protection ("FDEP") directed the City to implement measures to delineate the area and vertical extent of the impacts at the Property and, if necessary, implement appropriate remedial actions. Contamination assessment activities were initiated at the Property in 1995. On April 17, 1996, the City executed an Intergovernmental Agreement with FDEP, governing the scope of assessment and remediation work performed at the Property. The material terms and conditions of the Intergovernmental Agreement require the City to perform contamination assessment activities to delineate the area and vertical extent of soil and groundwater impacts and, if necessary, to remediate such impacts to the extent required by Florida law. Field activities to delineate the extent of impacts were performed from 1995 to 2003. The results of the final field work are presented in a Supplemental Assessment Report dated May 2003, in which the City's consultant concluded that field activities to delineate the extent of soil and groundwater impacts were complete and that a risk assessment should be undertaken to evaluate an appropriate remedy for the reported impacts. By letter dated April 19, 2004, FDEP directed the City to install two additional monitoring wells within the source area on site to delineate the vertical extent of groundwater impacts. The City and FDEP previously discussed the potential harm to the underlying aquifer that may result from the installation of monitoring wells through a source area and the underlying clay confining unit during a meeting with FDEP held on November 29, 2003. Based on the advice of its environmental consultant and other specialists consulted concerning this issue, the City has consistently maintained that the installation of the additional monitoring wells requested by FDEP will likely provide a pathway for the migration of impacts into the aquifer underlying the clay confining unit that is otherwise not presently impacted by the former operations of the MGP based on existing perimeter monitoring well data. The City responded to the FDEP by letter dated April 29, 2004, requesting that FDEP advise the City whether the directive to install the additional vertical extent wells was deemed by FDEP to be final agency action that would otherwise be subject to review in an administrative proceeding. The City's April 29, 2004 response included a request for an extension of time to file an administrative proceeding in the event that FDEP deemed the April 19, 2004 FDEP communication to be final agency action. During fiscal 2005, the Myrtle Avenue Utility and Roadway Widening project began, requiring extensive dewatering during construction. Consulting, equipment, laboratory, permitting, and labor costs for dewatering in areas where there was suspected or known contamination from the former MGP plant were charged to the City of Clearwater Gas Division. All activities related to the Myrtle Avenue dewatering project were documented in the “Supplemental Site Assessment Report – North Myrtle Ave Roadway Corridor” dated March 2007. On January 17, 2008, FDEP issued a letter to the City stating FDEP was willing to replace the need for additional vertical delineation wells with periodic sampling of existing deep wells, as long as they remain unaffected by the contaminants of concern on the site. In May 2009, FDEP issued a status report on all Manufactured Gas Plant sites in Florida. The report referenced the January 17, 2008 letter and reaffirmed FDEP’s agreement to forego additional on-site vertical delineation if the City continued to monitor the perimeter wells on the facility. On June 22, 2009, the perimeter monitoring wells were City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 110 tested, and the results were reported to FDEP. On February 3, 2010, FDEP issued a letter that formally accepted Clearwater Gas System’s Contamination Assessment Report (CAR) and required no further site assessment activities. Furthermore, the DEP required CGS to re-sample all monitoring wells on the site within 60 days of the February 3, 2010 letter. In May 2010, CGS issued a Request for Proposal (RFP) to prepare a Feasibility Study, for DEP approval, that would offer a long-term corrective action plan for the gas plant site. Arcadis, Inc. was selected to conduct the Feasibility Study; however, two months into the project the City’s environmental legal counsel recommended an alternate method of site remediation. They proposed that the City work with the University of Waterloo (Canada) to treat the contaminated soils with sodium persulfate, a chemical oxidant, which would stop the off-site groundwater impacts that were experienced on the Pinellas County Health Department site. Chemical oxidation is accepted as a very effective method of dealing with Manufactured Gas Plant residuals. This project was approved by the City Council in January 2011, and was scheduled to last approximately 6 years at an estimated cost of $600,000. In May 2017 it was determined that the University of Waterloo project was not working as originally projected. The sodium persulfate was not oxidizing the source material enough to grant site closure. Therefore, it was determined to abandon the project and look at other remedies for the site. The City’s environmental legal counsel proposed to convert the site to a Brownfield site in order to obtain full site closure. This would be done in conjunction with the site redevelopment of all CGS buildings at 400 North Myrtle Avenue. On December 7, 2018, City Council approved a Brownfield Site Rehabilitation Agreement (BSRA) with the FDEP. Under this agreement, no further active remediation will be required, and the site will be closed with a restrictive covenant to include an impervious cap to address remaining soil contamination at the site and prohibit the withdrawal of groundwater for any purpose within the site property. The groundwater use restriction will also be required to be imposed on the adjacent Pinellas County Health Department property. A Site Environmental Management Plan (“SEMP”) was subsequently created to provide guidance to contractors performing work at the site for encountering, handling and managing contaminated soils. In addition, a Remedial Action Plan (“RAP”) was administered in March 2018, which includes the SEMP, and Engineering Control Maintenance Plan and a Declaration of Restrictive Covenant (“DRC”) that will be required by the FDEP to obtain final site closure. Once the CGS redevelopment project is complete, the City will request final site closure. Full site closure is anticipated in fiscal 2025. Benefits of closing the site under the Brownfield Program include liability projections to the City as set forth in F.S. Section 376.82(2)(a) and the opportunity for the City to obtain voluntary cleanup tax credits (“VCTC”) for the cost of constructing the impervious cap and completion of site closure activities. For eligible costs recovered by the City through VCTC’s, the City is able to then sell the VCTC’s on the market. Such sales typically net 80-90% recovery for municipalities taking similar actions. The City was awarded $744,076 in tax credits for calendar years 2017-2020. The City issued Bid #44-21 to sell the tax credit certificates issued by FDEP. Fallbrook Tax Credits LLC submitted the highest bid of $0.9112 on the dollar, which yielded $678,002 from the sale of the tax certificates. The City has pursued insurance claims under certain insurance policies covering the Property for the period from June 1961 through July 1986. On September 17, 2001, the City agreed to reduce its claim against Southern American Insurance Company ("SAIC"), the sole remaining excess carrier with the City, at an undiscounted value of $300,000. In December 2007, the liquidator managing the SAIC liquidation made an initial payment to the City in the amount of $96,000. In September 2008, a second distribution payment of $174,000 was issued to the City. Finally, in December 2009, the City received a payment of $30,000 for a total collection amount of $300,000. In total, the City has recovered $787,500 on all outstanding insurance claims. From 1993 through September 30, 2022, the City has spent $1,760,753 on MGP assessment activities, which includes both environmental consultant and legal fees. City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 111 Contractual Commitment – Water and Sewer Utility Under the terms of a 30-year contract between the City and Pinellas County, which is effective through September 30, 2035, the maximum amount of water available to the City is 15 million gallons per day on an annual average basis with no minimum quantity purchase requirement. Effective October 1, 2021, the rate, which is set by the Pinellas County Board of County Commissioners (BOCC), was $4.2581 per 1,000 gallons. The rate effective October 1, 2022 is $4.3007 per 1,000 gallons. The cost of water purchased from the County during fiscal years 2021 and 2022 was $7,285,633 and $7,976,674 respectively. Grant Revenues During the current fiscal year and prior fiscal years, the City received revenues and contributions related to grants from the State of Florida, the federal government, and other grantors. These grants are for specific purposes and are subject to review and audit by the grantor agencies. Such audits could result in requests for reimbursement for expenditures disallowed under the terms of the grants. Based upon prior experience, City management believes such disallowances, if any, will not be significant. Encumbrances Encumbrance accounting is used in governmental funds to ensure effective budgetary control and accountability and to facilitate effective cash planning and control. As of September 30, 2022, encumbrances expected to be honored upon performance by the vendor in the coming year were: Tax Abatements In accordance with Chapter 29, Article VII of the Clearwater Code of Ordinances, Article VII, Section 3 of the Constitution of the State of Florida, and Section 196-1995, Florida Statutes, the City Council may grant Economic Development Ad Valorem Tax Exemptions of up to 75 percent of the assessed value of the qualifying property for up to ten years to new businesses and expansions of existing businesses which create employment opportunities that will benefit the entire community. For the fiscal year ending September 30, 2022, the City abated real and tangible personal property taxes totaling $146,551 under this program, consisting of the following agreements: A Business Maintenance and Continued Performance Agreement with Skye Lane Properties, LLC dated January 14, 2014, for the relocation of 54 jobs from St. Petersburg, the creation of 11 new jobs, the investment of $6.1 million in the expansion of the property, including the renovation of the facility, construction of a tri-level parking deck, and the purchase of new furniture, fixtures and equipment. This agreement, which commenced in fiscal 2016, grants an exemption of ad valorem taxes of 75 percent for the first five years and 50 percent for the next five years. In the event of default, Skye Lane Properties, LLC will be subject to the taxes exempted plus annual interest at the maximum rate allowed by law. Tax abatements since inception total $83,385. A Business Maintenance and Continued Performance Agreement with Instrument Transformers, Inc. dated March 10, 2014 and amended February 11, 2016, for the creation of 143 new jobs and the investment of $49 million in the expansion of the Clearwater facility, including the purchase or lease of new equipment. This agreement, which commenced in fiscal 2017, grants an exemption of ad valorem taxes of 75 percent for ten years. In the event of default, Instrument Transformers, Inc. General fund 737,201$ Special Programs Fund 660,433 Capital Improvement fund 54,705,218 Nonmajor governmental funds 1,274,381 57,377,233$ City of Clearwater, Florida Notes to the Basic Financial Statements For the Year Ended September 30, 2022 112 will be subject to the taxes exempted plus annual interest at the maximum rate allowed by law. Tax abatements since inception total $716,633. IV.F. Pending litigation In the normal course of operations, the City is a defendant in various legal actions, the ultimate resolution of which is not expected to have a material effect on the financial statements, other than for amounts that have been reserved and recorded as liabilities in the Central Insurance Fund. IV.G. Conduit debt The City has one issue of conduit debt outstanding as follows: Original Amount Amount Issue Outstanding Outstanding Description / Purpose Amount at 9/30/21 at 9/30/22 Drew Gardens Refunding Bonds / residential rental facility 3,425,000$ 1,030,000$ 840,000$ The City issued Mortgage Revenue Refunding Bonds, Series 1992A (FHA Insured Mortgage Loan – Drew Gardens Project), dated August 1, 1992, in the amount of $3,425,000, to provide a portion of the money required to refund a prior issue of the bonds of the Issuer that were issued to provide money to make a mortgage loan insured by the Federal Housing Administration pursuant to Section 221(d)(4) of the National Housing Act of 1934, as amended, to pay the cost of acquiring, constructing, improving and equipping a 180-unit multifamily residential rental housing facility owned by Drew Gardens Associates, Ltd., a Florida limited partnership, and to pay certain costs of the refunding. The bonds are payable solely from and secured by a lien upon and a pledge of the pledged revenues, consisting mainly of the bond proceeds. No additional commitments were extended by the City. As of September 30, 2022, the bonds have an aggregate outstanding principal amount payable of $840,000. The bonds do not constitute a debt, liability, or obligation of the City of Clearwater, the State of Florida, or any political subdivision thereof and, accordingly, have not been reported in the accompanying financial statements. IV.H. Deepwater Horizon Oil Spill Following the Deepwater Horizon Oil Spill of April 2010, the City incurred reduced revenues that were determined to be directly or indirectly attributed to the oil spill. On July 13, 2015, the City adopted Resolution 15-18 and accepted a full and final settlement of all claims against BP Exploration and Production, Inc. and others in the amount of $6,480,352, net of $1,658,687 attorney’s fees. A total of $80,352 was returned to General Fund reserves in fiscal 2019, and the remaining $6,400,000 of the proceeds were identified as a funding source for the Crest Lake Park Improvements project, which is accounted for in the Capital Improvement Fund. As of September 30, 2022, $6,400,000 of the proceeds were expended on this project. 2022 2021 2020 2019 2018 2017 2016 2015 2014Total Pension LiabilityService Cost $ 18,718,516 $ 18,412,162 $ 16,934,015 $ 15,240,018 $ 15,065,668 14,770,113 $ 15,173,452 $ 14,585,979 $ 14,670,375 Interest on the Total Pension Liability 68,447,973 68,636,343 66,061,748 65,042,520 62,567,359 61,050,474 58,870,815 56,983,247 55,622,257 Benefit Changes - - 6,428,217 - - - - - - Difference between Expected and Actual Experience (345,877) 166,476 5,473,272 (6,533,554) 6,780,611 (8,071,653) 6,832,090 (3,532,969) (11,230,163) Assumption Changes 6,156,036 (16,344,158) 11,877,993 25,495,302 - 381,755 (4,748,597) - - Benefit Payments (57,321,813) (56,274,207) (50,966,931) (49,687,426) (46,860,103) (44,490,793) (42,069,828) (39,276,003) (37,118,458) Refunds (1,772,430) (1,222,375) (1,177,456) (1,017,365) (892,181) (1,366,008) (1,060,187) (1,000,827) (1,675,419) Net Change in Total Pension Liability33,882,405 13,374,241 54,630,858 48,539,495 36,661,354 22,273,888 32,997,745 27,759,427 20,268,592 Total Pension Liability - Beginning1,055,835,834 1,042,461,593 987,830,735 939,291,240 902,629,886 880,355,998 847,358,253 819,598,826 799,330,234 Total Pension Liability - Ending (a)$ 1,089,718,239 $ 1,055,835,834 $ 1,042,461,593 $ 987,830,735 $ 939,291,240 902,629,886 $ 880,355,998$ 847,358,253 $ 819,598,826Plan Fiduciary Net PositionContributions - Employer $ 11,912,374 $ 11,917,353 10,364,100 $ 10,901,645 $ 10,650,462 11,898,912 $ 13,178,874 $ 14,923,098 $ 18,860,463 Contributions - Employer (from State) 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 Contributions - Employee 8,591,715 8,013,951 7,925,645 7,326,649 7,127,965 7,004,943 6,706,567 6,483,666 7,073,440 Net Investment Income (204,174,834) 231,147,434 102,588,458 53,143,676 93,775,837 102,284,783 88,501,532 (4,165,092) 82,832,149 Benefit Payments (57,321,813) (56,274,207) (50,966,931) (49,687,426) (46,860,103) (44,490,793) (42,069,828) (39,276,003) (37,118,458) Refunds (1,772,430) (1,222,375) (1,177,456) (1,017,365) (892,181) (1,366,008) (1,060,187) (1,000,827) (1,675,419) Administrative Expense (322,664) (340,629) (288,079) (335,282) (343,115) (295,301) (297,984) (297,942) (175,212) Net Change in Plan Fiduciary Net Position(243,075,652) 193,253,527 68,457,737 20,343,897 63,470,865 75,048,536 64,970,974 (23,321,100) 69,808,963 Plan Fiduciary Net Position - Beginning1,325,814,385 1,132,560,858 1,064,103,121 1,043,759,224 980,288,359 905,239,823 840,268,849 863,589,949 793,780,986 Plan Fiduciary Net Position - Ending (b)$ 1,082,738,733 $ 1,325,814,385 1,132,560,858 $ 1,064,103,121 $ 1,043,759,224 980,288,359 $ 905,239,823 $ 840,268,849 $ 863,589,949Net Pension Liability/(Asset) - Beginning$ (269,978,551) $ (90,099,265) $ (76,272,386) $ (104,467,984) $ (77,658,473) $ (24,883,825) $ 7,089,404 $ (43,991,123) $ 5,549,248 Net Pension Liability/(Asset) - Ending (a) - (b)$ 6,979,506 $ (269,978,551) $ (90,099,265) $ (76,272,386) $ (104,467,984) $ (77,658,473) $ (24,883,825) $ 7,089,404 $ (43,991,123) Plan Fiduciary Net Position as a Percentage of Total Pension Liability/(Asset)99.36% 125.57% 108.64% 107.72% 111.12% 108.60% 102.83% 99.16% 105.37%Covered Payroll$ 97,193,423 $ 90,810,283 $ 89,845,375 $ 82,998,580 $ 80,852,451 79,558,524 $ 76,942,048 $ 74,021,494 $ 75,629,669 Net Pension Liability/(Asset) as a Percentage of Covered Payroll7.18% -297.30% -100.28% -91.90% -129.21% -97.61% -32.34% 9.58% -58.17%Notes to Schedule:Data unavailable prior to 2014.Schedule of Changes in Net Pension Liability and Related RatiosPage 1 of 6City of Clearwater, FloridaDefined Benefit Pension PlansRequired Supplementary InformationEmployees' Pension Plan113 2022 2021 2020 2019 2018 2017 2016 2015 2014Total Pension LiabilityInterest $ 40,834 $ 51,167 $ 52,304 $ 72,699 $ 84,902 $ 90,635 $ 99,691 $100,650 $ 92,956 Difference between Expected and Actual Experience 67,373 (17,191) 80,335 (141,190) (205,912) 76,981 (296,507) 114,258 (426,528) Assumption Changes - (215,006) (55,554) - - - 208,676 201,922 - Benefit Payments (227,768) (245,126) (262,649) (285,762) (332,638) (365,154) (423,458) (442,775) (525,760) Other - - - - - - - - 143,654 Net Change in Total Pension Liability(119,561) (426,156) (185,564) (354,253) (453,648) (197,538) (411,598) (25,945) (715,678) Total Pension Liability - Beginning1,743,078 2,169,234 2,354,798 2,709,051 3,162,699 3,360,237 3,771,835 3,797,780 4,513,458 Total Pension Liability - Ending (a)$ 1,623,517 $ 1,743,078 $ 2,169,234 $ 2,354,798 $ 2,709,051 $ 3,162,699 $ 3,360,237 $ 3,771,835 $ 3,797,780 Plan Fiduciary Net PositionNet Investment Income $ (98,130) $ 14,512 $147,975 $319,636 $ 59,255 $ (149,322) $171,674 $199,776 $169,627 Benefit Payments (227,768) (245,126) (262,649) (285,762) (332,638) (365,154) (423,458) (442,775) (525,760) Administrative Expense (8,870) (3,000) (2,500) (2,500) (2,500) (3,500) (2,758) (2,005) (5,808) Net Change in Plan Fiduciary Net Position(334,768) (233,614) (117,174) 31,374 (275,883) (517,976) (254,542) (245,004) (361,941) Plan Fiduciary Net Position - Beginning3,247,484 3,481,098 3,598,272 3,566,898 3,842,781 4,360,757 4,615,299 4,860,303 5,222,244 Plan Fiduciary Net Position - Ending (b)$ 2,912,716 $ 3,247,484 $ 3,481,098 $ 3,598,272 $ 3,566,898 $ 3,842,781 $ 4,360,757 $ 4,615,299 $ 4,860,303 Net Pension Liability/(Asset) - Beginning$ (1,504,406) $ (1,311,864) $ (1,243,474) $ (857,847) $ (680,082) $ (1,000,520) $ (843,464) $ (1,062,523) $ (495,433) Net Pension Liability/(Asset) - Ending (a) - (b)$ (1,289,199) $ (1,504,406) $ (1,311,864) $ (1,243,474) $ (857,847) $ (680,082) $ (1,000,520) $ (843,464) $ (1,062,523) Plan Fiduciary Net Position as a Percentage of Total Pension Liability/(Asset)179.41% 186.31% 160.48% 152.81% 131.67% 121.50% 129.78% 122.36% 127.98%Covered PayrollN/A N/A N/A N/A N/A N/A N/A N/A N/ANet Pension Liability/(Asset) as a Percentage of Covered PayrollN/A N/A N/A N/A N/A N/A N/A N/A N/ANotes to Schedule:Data unavailable prior to 2014.Schedule of Changes in Net Pension Liability and Related RatiosPage 2 of 6City of Clearwater, FloridaDefined Benefit Pension PlansRequired Supplementary InformationFirefighters' Relief and Pension Plan114 Actuarially Contribution Actual Contribution FY Ending Determined Actual Deficiency Covered as a % of September 30 Contribution Contribution (Excess) Payroll Covered Payroll 2014 19,608,078$ 18,872,463$ 1 735,615$ 75,629,669$ 24.95% 2015 10,803,098$ 14,935,098$ (4,132,000)$ 74,021,494$ 2 20.18% 2016 8,767,703$ 13,190,874$ (4,423,171)$ 76,942,048$ 17.14% 2017 8,944,103$ 11,910,912$ (2,966,809)$ 79,558,524$ 14.97% 2018 8,659,427$ 10,662,462$ (2,003,035)$ 80,852,451$ 13.19% 2019 8,813,297$ 10,913,645$ (2,100,348)$ 82,998,580$ 13.15% 2020 9,720,956$ 10,376,100$ (655,144)$ 89,845,375$ 11.55% 2021 11,534,013$ 11,929,353$ (395,340)$ 90,810,283$ 13.14% 2022 11,412,994$ 11,924,374$ (511,380)$ 97,193,423$ 12.27% Valuation Date:January 1, 2021 Notes: Methods and Assumptions Used to Determine Contribution Rates: Actuarial Cost Method Entry Age Normal Amortization Method Level Dollar, Closed Remaining Amortization Period 25 years (longest remaining period); 12 years (single equivalent period) Asset Valuation Method 5-year smoothed market; 20% corridor Inflation 2.25% Salary Increases 2.75% to 7.60% depending on service; including inflation Investment Rate of Return 6.55% Retirement Age Mortality Other Information: Notes Data unavailable prior to 2014. Page 3 of 6 City of Clearwater, Florida Defined Benefit Pension Plans Required Supplementary Information Experience-based table of rates that are specific to the employment classification and type of eligibility condition. 2 The definition of Covered Payroll for GASB Statement Nos. 67 and 68 was changed under GASB Statement No. 82 to be the pensionable earnings for members of the Plan. As a result, the Covered Payroll amount previously reported for fiscal year 2015 has been revised to reflect this change. Hazardous Duty Employees: PUB-2010 Headcount Weighted Safety Healthy Employee Mortality Table (for pre-retirement mortality) and the PUB-2010 Headcount Weighted Safety Healthy Retiree Mortality Table (for post- retirement mortality), with separate rates for males and females and ages set forward one year, with mortality improvements projected to all future years after 2010 using Scale MP-2018. For males, the base mortality rates for both pre-retirement and post-retirement mortality are based on the Below Median Healthy tables. These are the same rates used for Special Risk Class members of the Florida Retirement System (FRS) in the July 1, 2019 valuation, as mandated by Chapter 112.63, Florida Statutes. Effective with the January 1, 2021 valuation, the investment return assumption was reduced from 6.65% to 6.55%. Additionally, the mortality tables and improvement scales were updated to reflect the updated mortality assumptions used in the July 1, 2019 Florida Retirement System (FRS) Actuarial Valuation, as mandated by Florida Statues Chapter 112.63(1) (f). Please refer to the January 1, 2021 valuation report dated April 26, 2021 for additional details. Schedule of Contributions Employees' Pension Plan 1 A portion of the plan's credit balance was applied to meet the remainder of the actuarially determined contribution for the fiscal year ending September 30, 2014. Notes to Schedule of Contributions Actuarially determined contributions are calculated as of January 1, which is nine months prior to the beginning of the fiscal year in which contributions are reported. Nonhazardous Duty Employees: PUB-2010 Headcount Weighted General Below-Median Employee Mortality Table (for pre-retirement mortality) and the PUB-2010 Headcount Weighted General Below-Median Healthy Retiree Mortality Table (for post-retirement mortality), with separate rates for males and females and mortality improvements projected to all future years after 2010 using Scale MP-2018. Fore males, the base mortality rates are set back one year. These are the same rates used for Regular Class members of the Florida Retirement System (FRS) in the July 1, 2019 valuation, as mandated by Chapter 112.63, Florida Statutes. 115 Page 4 of 6 Effective with the fiscal year ended September 30, 2007, the Firefighters' Relief and Pension Plan, with no remaining active members (only retirees), was fully funded per the requirements of the governing Ordinance. The City may elect to contribute should future valuations show an actuarial need for such. Schedule of Contributions Firefighters' Relief and Pension Plan Notes to Schedule of Contributions City of Clearwater, Florida Defined Benefit Pension Plans Required Supplementary Information There have been no employer contributions for the last ten fiscal years. 116 2022 2021 2020 2019 2018 2017 2016 2015 2014Annual money-weighted rate of return, net ofinvestment expense -15.65% 20.61% 9.73% 5.11% 9.69% 11.28% 10.63% -0.03% 10.90%Note: Data unavailable prior to 2014.Page 5 of 6Schedule of Investment ReturnsEmployees' Pension PlanCity of Clearwater, FloridaDefined Benefit Pension PlansRequired Supplementary Information 117 2022 2021 2020 2019 2018 2017 2016 2015 2014Annual money-weighted rate of return, net ofinvestment expense 0.58% 2.48% 5.06% 6.52% 1.82% 4.68% 4.554% 4.315% 3.902%Note: Data unavailable prior to 2014.Page 6 of 6Schedule of Investment ReturnsFirefighters' Relief and Pension PlanCity of Clearwater, FloridaDefined Benefit Pension PlansRequired Supplementary Information 118 2022 2021 2020 2019 2018 Total OPEB Liability Service cost $ 2,412,125 $ 2,213,247 $ 2,282,038 $ 1,677,787 $ 1,731,394 Interest 645,528 662,501 953,389 1,086,906 974,551 Changes of benefit terms - - 28,595 - - Difference between expected and actual experience (5,128,309) - (4,646,689) - - Changes of assumptions and other inputs (1,481,029) (120,728) (4,692,393) 4,006,356 (1,029,325) Benefit payments (912,692) (1,022,036) (1,048,358) (1,122,335) (1,054,805) Net Change in Total OPEB Liability (4,464,377) 1,732,984 (7,123,418) 5,648,714 621,815 Total OPEB Liability - Beginning 27,520,408 25,787,424 32,910,842 27,262,128 26,640,313 Total OPEB Liability - Ending $ 23,056,031 $ 27,520,408 $ 25,787,424 $ 32,910,842 $ 27,262,128 Estimated covered-employee payroll $ 110,228,154 $ 101,205,829 $ 99,272,204 $ 95,520,530 $ 92,964,945 Total OPEB liability as a percentage of covered-employee payroll 20.92% 27.19% 25.98% 34.45% 29.33% Valuation Date: January 1, 2022 Measurement Date: September 30, 2022 Roll Forward Procedures: Methods and Assumptions Used to Determine Total OPEB Liability: Actuarial Cost Method Entry Age Normal Inflation 2.25% Discount Rate 4.40% Salary Increases Retirement Age Mortality Healthcare Cost Trend Rates Aging Factors Expenses Other Information: Data unavailable prior to 2018. Note: There are no assets accumulated in a trust that meets the criteria of GASB codification P22.101 or P52.101 to pay related benefits for the OPEB plan. There we no benefit changes during the year. Page 1 of 1 City of Clearwater, Florida Other Post-Employment Benefits Required Supplementary Information Notes to Schedule: The Total OPEB Liability was rolled forward nine months from the Valuation Date to the Measurement Date using standard actuarial techniques. Salary increase rates used in the January 1, 2022 actuarial valuation of the City of Clearwater Employees' Pension Plan. Retirement rates used in the January 1, 2022 actuarial valuation of the City of Clearwater Employees' Pension Plan. Mortality rates are the same as used in the July 1, 2021 actuarial valuation of the Florida Retirement System for non-K-12 Instructional Regular Class and Special Risk Class members. These rates were taken from adjusted PUB-2010 mortality tables published by the Society of Actuaries with generational mortality improvements using Scale MP-2018. Adjustments to referenced tables are based on the results of a statewide experience study covering the period 2013 to 2018. Based on the Getzen Model, with trend starting at 5.75% and gradually decreasing to an ultimate trend rate of 3.99%. - Medical claims costs and premiums were updated based on actual claims and premium information provided for this valuation. This change increased the Total OPEB Liability. Based on the 2013 SOA Study "Health Care Costs - From Birth to Death". Administrative expenses are included in the per capita health costs. The following assumption changes have been reflected in the Schedule of Changes in the Total OPEB Liability for the measurement period ending September 30, 2022: - The discount rate was changed from 2.19% as of the beginning of the measurement period to 4.40% as of September 30, 2022 (based on the Long-Term Municipal Bond rate). This change significantly decreased the Total OPEB Liability. 119 120 This Page Intentionally Left Blank 121 Nonmajor Governmental Funds Special Revenue Funds Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Community Redevelopment Agency Fund – to account for receipt, custody, and expenditure of property tax increment funds associated with related redevelopment projects. Local Housing Assistance SHIP Trust Fund – to account for monies allocated to the City under the State Local Housing Assistance SHIP grant program. Pinellas County Local Housing Assistance Trust Fund – to account for monies allocated to the City under the Pinellas County Local Housing Assistance grant program. 122 Debt Service Funds Debt service funds provide separate accounting records for all debt interest, principal, and reserve requirements for general government long-term. Debt of proprietary funds is serviced through restricted accounts maintained within the individual enterprise or internal service fund associated with the debt. Non-Ad Valorem Revenue Bonds – to account for the advance monthly accumulation of resources by transfer of General Revenues from the General Fund and the payment of currently maturing installments of principal and interest each year. Notes and Mortgages Debt Service Fund - to account for the advance monthly accumulation of resources by transfer of General Revenues from the General and Special Revenue Funds and the payment of currently maturing installments of principal and interest on the various note and mortgage obligations of the governmental funds during each fiscal year. Spring Training Facility Revenue Bonds Debt Service Fund – to account for the advance monthly accumulation of resources received from the State of Florida and Pinellas County, and the payment of currently maturing installments of principal and interest each year. 123 Capital Projects Funds Capital projects funds are used to account for resources to be used for the acquisition or construction of major capital improvement projects, other than those financed by proprietary funds. A major capital improvement project is a property acquisition, a major construction undertaking, or a major improvement to an existing facility or property, with a cost greater than $25,000 and a minimum useful life of at least five years. Community Redevelopment Agency Capital Projects Fund – to provide separate accounting records for the acquisition or construction of capital improvement projects for the Clearwater Community Redevelopment Agency. SHIP Pinellas County Community Local Housing Local Housing Redevelopment Assistance Assistance Agency Trust Trust Total ASSETS Cash and investments $ 372,518 $ 1,529,756 $ 224,342 $ 2,126,616 Receivables: Accrued interest 19,174 2,277 376 21,827 Mortgage notes - 2,147,588 132,246 2,279,834 Total assets $ 391,692 $ 3,679,621 $ 356,964 $ 4,428,277 LIABILITIES Accounts and contracts payable $ 12,039 $ 9,202 $ - $ 21,241 Due to other governments 48,000 - - 48,000 Advances from other funds 325,440 - - 325,440 Total liabilities 385,479 9,202 - 394,681 DEFERRED INFLOWS OF RESOURCES Deferred inflows - mortgage notes - 2,147,588 132,246 2,279,834 Total deferred inflows - 2,147,588 132,246 2,279,834 FUND BALANCES Restricted 6,213 1,522,831 224,718 1,753,762 Total fund balances 6,213 1,522,831 224,718 1,753,762 Total liabilities, deferred inflows and fund balances $ 391,692 $ 3,679,621 $ 356,964 $ 4,428,277 The notes to the financial statements are an integral part of this statement. Special Revenue Funds City of Clearwater, Florida Combining Balance Sheet Nonmajor Governmental Funds September 30, 2022 124 Capital Spring Project Training Fund Total Notes Facility Non-Ad Valorem Community Nonmajor and Revenue Revenue Redevelopment Governmental Mortgages Bonds Bonds Total Agency Funds $- $ 421,508 $ 358,008 $ 779,516 $ 11,486,431 $ 14,392,563 - 742 - 742 - 22,569 - - - - - 2,279,834 $- $ 422,250 $ 358,008 $ 780,258 $ 11,486,431 $ 16,694,966 $- $ - $ - $ - $ 7,772 $ 29,013 - - - - - 48,000 - - - - - 325,440 - - - - 7,772 402,453 - - - - - 2,279,834 - - - - - 2,279,834 - 422,250 358,008 780,258 11,478,659 14,012,679 - 422,250 358,008 780,258 11,478,659 14,012,679 $- $ 422,250 $ 358,008 $ 780,258 $ 11,486,431 $ 16,694,966 Debt Service Funds 125 SHIP Pinellas County Community Local Housing Local Housing Redevelopment Assistance Assistance Agency Trust Trust Total REVENUES Intergovernmental: State $ - $ 751,583 $ - $ 751,583 Local 2,472,510 - 10,829 2,483,339 Investment earnings (loss): Interest 113,986 163,714 5,054 282,754 Net appreciation (depreciation) in fair value (1,174,675) (142,829) (23,006) (1,340,510) Total investment earnings (loss) (1,060,689) 20,885 (17,952) (1,057,756) Miscellaneous 78,748 - - 78,748 Total revenues 1,490,569 772,468 (7,123) 2,255,914 EXPENDITURES Current: Economic environment 457,067 62,601 2,337 522,005 Debt service: Principal - - - - Interest & fiscal charges - - - - Bond issuance costs - - - - Capital outlay - - - - Total expenditures 457,067 62,601 2,337 522,005 Excess (deficiency) of revenues over (under) expenditures 1,033,502 709,867 (9,460) 1,733,909 OTHER FINANCING SOURCES (USES) Transfers in 3,442,586 - - 3,442,586 Transfers out (4,482,775) (106,947) - (4,589,722) Other long-term debt issued - - - - Total other financing sources (uses) (1,040,189) (106,947) - (1,147,136) Net change in fund balances (6,687) 602,920 (9,460) 586,773 Fund balances - beginning 12,900 919,911 234,178 1,166,989 Fund balances - ending $ 6,213 $ 1,522,831 $ 224,718 $ 1,753,762 The notes to the financial statements are an integral part of this statement. Special Revenue Funds City of Clearwater, Florida Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Year Ended September 30, 2022 126 Spring Training Fund Total Notes Facility Non-Ad Valorem Community Nonmajor and Revenue Revenue Redevelopment Governmental Mortgages Bonds Bonds Total Agency Funds $- $ 500,004 $ - $ 500,004 $ - $ 1,251,587 - - - - - 2,483,339 - 3,749 - 3,749 - 286,503 - (45,086) - (45,086) - (1,385,596) - (41,337) - (41,337) - (1,099,093) - - - - - 78,748 - 458,667 - 458,667 - 2,714,581 - - - - 1,033,712 1,555,717 710,803 295,000 - 1,005,803 - 1,005,803 24,358 194,973 - 219,331 - 219,331 - - 482,118 482,118 - 482,118 - - - - 452,757 452,757 735,161 489,973 482,118 1,707,252 1,486,469 3,715,726 (735,161) (31,306) (482,118) (1,248,585) (1,486,469) (1,001,145) 735,161 - 358,008 1,093,169 4,890,214 9,425,969 - - - - (1,602,563) (6,192,285) - - 482,118 482,118 - 482,118 735,161 - 840,126 1,575,287 3,287,651 3,715,802 - (31,306) 358,008 326,702 1,801,182 2,714,657 - 453,556 - 453,556 9,677,477 11,298,022 $- $ 422,250 $ 358,008 $ 780,258 $ 11,478,659 $ 14,012,679 Capital Debt Service Funds Project 127 Variance with Final Budget Actual Positive Original Final Amounts (Negative) REVENUES Intergovernmental - Local $ 2,535,218 $ 2,535,218 $ 2,472,510 $ (62,708) Investment earnings (loss): Interest 55,000 55,000 113,986 58,986 Net appreciation (depreciation) in fair value - - (1,174,675) (1,174,675) Total investment earnings (loss) 55,000 55,000 (1,060,689) (1,115,689) Miscellaneous 78,748 78,748 78,748 - Total revenues 2,668,966 2,668,966 1,490,569 (1,178,397) EXPENDITURES Current - Economic environment 682,940 567,940 457,067 110,873 Total expenditures 682,940 567,940 457,067 110,873 Excess (deficiency) of revenues over (under) expenditures 1,986,026 2,101,026 1,033,502 (1,067,524) OTHER FINANCING SOURCES (USES) Transfers in 2,480,667 2,480,667 3,442,586 961,919 Transfers out (4,466,693) (4,581,693) (4,482,775) 98,918 Total other financing sources (uses) (1,986,026) (2,101,026) (1,040,189) 1,060,837 Excess (deficiency) of revenues and other sources over (under) expenditures and other uses - - (6,687) (6,687) Fund balances - beginning 12,900 12,900 12,900 - Fund balances - ending $ 12,900 $ 12,900 $ 6,213 $ (6,687) The notes to the financial statements are an integral part of this statement. For the Year Ended September 30, 2022 Budgeted Amounts City of Clearwater, Florida Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual (GAAP Basis) Community Redevelopment Agency 128 129 Nonmajor Enterprise Funds Enterprise funds are used to account for the financing, acquisition, operation, and maintenance of governmental facilities that are supported primarily by user charges. Marine Operations Fund - to account for the financing, operation, and maintenance of the City’s marine operations (excluding the downtown boat slips) and associated real property from rents collected from users. Aviation Operations Fund - to account for the financing, operation, and maintenance of the City’s airpark operations from rents collected from users. Parking System Fund - to account for the financing, construction, operation and maintenance of the City's parking system, including on- and off-street parking on Clearwater Beach and Downtown Clearwater, from parking charges. Clearwater Harbor Marina Fund - to account for the financing, operation, and maintenance of the City’s downtown boat slips from boat slip rentals. Marine Aviation Parking Clearwater Operations Operations System Harbor Marina Total ASSETS Current assets: Cash and investments $ 6,444,874 $ 743,449 $ 37,810,244 $ 4,199,397 $ 49,197,964 Accrued interest receivable 9,980 1,244 50,896 5,089 67,209 Lease receivables 5,340,650 - - - 5,340,650 Due from other governments - 45,324 - - 45,324 Inventories, at cost 75,666 - - - 75,666 Total current assets 11,871,170 790,017 37,861,140 4,204,486 54,726,813 Noncurrent assets: Capital assets: Land and other nondepreciable assets 694,930 1,401,500 874,656 714,357 3,685,443 Capital assets, net of accumulated depreciation 303,604 4,068,737 1,816,701 9,135,250 15,324,292 Total noncurrent assets 998,534 5,470,237 2,691,357 9,849,607 19,009,735 Total assets 12,869,704 6,260,254 40,552,497 14,054,093 73,736,548 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows - pension 311,205 56,583 961,907 155,603 1,485,298 Deferred outflows - other postemployment benefits 11,998 2,004 34,915 6,767 55,684 Total deferred outflows of resources 323,203 58,587 996,822 162,370 1,540,982 LIABILITIES Current liabilities: Accounts and contracts payable 154,610 52,554 443,571 331,881 982,616 Accrued payroll 19,520 2,767 42,804 9,038 74,129 Deposits 44,388 - - 44,170 88,558 Current portion of long-term liabilities: Compensated absences 30,492 3,959 63,253 4,135 101,839 Total current liabilities 249,010 59,280 549,628 389,224 1,247,142 Noncurrent liabilities: Compensated absences 24,280 3,153 50,367 3,293 81,093 Other postemployment benefits 194,593 32,509 566,256 109,747 903,105 Net pension liability 15,355 2,792 47,461 7,677 73,285 Total noncurrent liabilities 234,228 38,454 664,084 120,717 1,057,483 Total liabilities 483,238 97,734 1,213,712 509,941 2,304,625 DEFERRED INFLOWS OF RESOURCES Deferred inflows - pension 24,055 4,374 74,351 12,027 114,807 Deferred inflows - other postemployment benefits 92,201 15,403 268,300 52,000 427,904 Deferred inflows - leases 5,329,739 - - - 5,329,739 Total deferred inflows of resources 5,445,995 19,777 342,651 64,027 5,872,450 NET POSITION Net investment in capital assets 998,534 5,470,237 2,619,951 9,547,663 18,636,385 Unrestricted 6,265,140 731,093 37,373,005 4,094,832 48,464,070 Total net position $ 7,263,674 $ 6,201,330 $ 39,992,956 $ 13,642,495 $ 67,100,455 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Net Position Nonmajor Enterprise Funds September 30, 2022 130 Marine Aviation Parking Clearwater Operations Operations System Harbor Marina Totals Operating revenues: Sales to customers $ 4,477,570 $ 23,604 $ 9,789,711 $ 1,914 $ 14,292,799 User charges to customers 146,114 - - 13,644 159,758 Rentals 2,350,206 311,641 - 954,703 3,616,550 Other 116,606 41 1,173,217 609 1,290,473 Total operating revenues 7,090,496 335,286 10,962,928 970,870 19,359,580 Operating expenses: Personal services 954,429 162,777 2,099,143 447,355 3,663,704 Purchases for resale 3,423,590 - - 513 3,424,103 Operating materials and supplies 99,742 4,477 95,311 19,825 219,355 Transportation 21,041 7,898 129,354 4,832 163,125 Utility service 469,283 39,297 93,374 79,523 681,477 Depreciation 27,070 186,807 436,623 333,602 984,102 Interfund administrative charges 188,770 21,590 1,191,430 31,350 1,433,140 Other current charges: Professional fees 560,289 90,318 644,052 150,621 1,445,280 Advertising and marketing 2,671 - - - 2,671 Communications 21,175 - 33,042 510 54,727 Printing and binding 776 - 714 49 1,539 Insurance 95,490 7,850 44,590 19,270 167,200 Repairs and maintenance 23,333 1,467 1,532,472 5,786 1,563,058 Rentals 2,448 - 7,163 - 9,611 Miscellaneous 153,435 3,099 816,187 16,228 988,949 Data processing charges 65,960 5,740 107,830 16,720 196,250 Taxes 28,710 - - - 28,710 Total other current charges 954,287 108,474 3,186,050 209,184 4,457,995 Total operating expenses 6,138,212 531,320 7,231,285 1,126,184 15,027,001 Operating income (loss) 952,284 (196,034) 3,731,643 (155,314) 4,332,579 Nonoperating revenues (expenses): Investment earnings (loss): Interest 150,516 6,937 320,573 31,524 509,550 Net appreciation (depreciation) in fair value (610,004) (75,318) (3,132,909) (312,855) (4,131,086) Total investment earnings (loss) (459,488) (68,381) (2,812,336) (281,331) (3,621,536) Interest expense - - (16) - (16) Gain (loss) on disposal of capital assets - - 2,317,218 - 2,317,218 Total nonoperating revenue (expenses) (459,488) (68,381) (495,134) (281,331) (1,304,334) Income (loss) before contributions and transfers 492,796 (264,415) 3,236,509 (436,645) 3,028,245 Capital grants and contributions - 316,811 - - 316,811 Transfers in 517,386 13,000 102 2,289,695 2,820,183 Transfers out (268,680) (18,310) (800,452) (47,940) (1,135,382) Change in net position 741,502 47,086 2,436,159 1,805,110 5,029,857 Net position - beginning 6,522,172 6,154,244 37,556,797 11,837,385 62,070,598 Net position - ending $ 7,263,674 $ 6,201,330 $ 39,992,956 $ 13,642,495 $ 67,100,455 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Revenues, Expenses, and Changes in Net Position Nonmajor Enterprise Funds For the Year Ended September 30, 2022 131 Marine Aviation Parking Clearwater Operations Operations System Harbor Marina Totals CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers $ 7,079,888 $ 335,286 $ 10,962,928 $ 973,621 $ 19,351,723 Cash payments to suppliers (4,732,535) (409,321) (2,722,071) 48,010 (7,815,917) Cash payments to employees (983,623) (165,004) (2,249,164) (446,359) (3,844,150) Cash payments to other funds (424,489) (45,315) (1,624,512) (81,595) (2,175,911) Net cash provided by (used) operating activities 939,241 (284,354) 4,367,181 493,677 5,515,745 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds 517,386 13,000 102 2,289,695 2,820,183 Transfers to other funds (268,680) (18,310) (800,452) (47,940) (1,135,382) Net cash provided (used) by noncapital financing activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Principal payments on debt - - (3,204) - (3,204) Interest paid - - (32) - (32) Acquisition of capital assets (33,151) (236,807) (102,036) (714,357) (1,086,351) Proceeds from sale of capital assets - - 12,481,058 - 12,481,058 Capital contributed by other governmental entities - 449,495 - - 449,495 Net cash provided (used) by capital and related financing activities (33,151) 212,688 12,375,786 (714,357) 11,840,966 CASH FLOWS FROM INVESTING ACTIVITIES Investment loss (464,357) (68,662) (2,840,693) (283,873) (3,657,585) Net cash provided (used) by investing activities (464,357) (68,662) (2,840,693) (283,873) (3,657,585) Net increase (decrease) in cash and cash equivalents 690,439 (145,638) 13,101,924 1,737,202 15,383,927 Cash and cash equivalents at beginning of year 5,754,435 889,087 24,708,320 2,462,195 33,814,037 Cash and cash equivalents at end of year $ 6,444,874 $ 743,449 $ 37,810,244 $ 4,199,397 $ 49,197,964 Cash and cash equivalents classified as: Cash and investments $ 6,444,874 $ 743,449 $ 37,810,244 $ 4,199,397 $ 49,197,964 Total cash and cash equivalents $ 6,444,874 $ 743,449 $ 37,810,244 $ 4,199,397 $ 49,197,964 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Year Ended September 30, 2022 248,706 (5,310) (800,350) 2,241,755 1,684,801 132 Marine Aviation Parking Clearwater Operations Operations System Harbor Marina Totals City of Clearwater, Florida Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Year Ended September 30, 2022 Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ 952,284 $ (196,034) $ 3,731,643 $ (155,314) $ 4,332,579 Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation 27,070 186,807 436,623 333,602 984,102 Change in assets, deferred outflows, liabilities and deferred inflows: (Increase) decrease in lease receivables (5,340,650) - - - (5,340,650) (Increase) decrease in inventory (28,542) - - - (28,542) (Increase) decrease in net pension asset 593,953 107,991 1,484,882 296,976 2,483,802 (Increase) decrease in deferred outflows (261,052) (47,559) (834,268) (130,178) (1,273,057) Increase (decrease) in accounts and contracts payable 28,231 (272,900) 348,936 311,642 415,909 Increase (decrease) in accrued payroll (43,517) (5,040) (25,648) (6,280) (80,485) Increase (decrease) in deposits 303 - - 2,751 3,054 Increase (decrease) in other postemployment benefits (38,780) (6,295) (112,672) (21,801) (179,548) Increase (decrease) in net pension liability 15,355 2,792 47,461 7,677 73,285 Increase (decrease) in deferred inflows 5,034,586 (54,116) (709,776) (145,398) 4,125,296 Total adjustments (13,043) (88,320) 635,538 648,991 1,183,166 Net cash provided by operating activities $ 939,241 $ (284,354) $ 4,367,181 $ 493,677 $ 5,515,745 The notes to the financial statements are an integral part of this statement. 133 134 This Page Intentionally Left Blank 135 Internal Service Funds Internal service funds are used to account for services and commodities furnished by a designated department to other departments within the City or to other governments on a cost reimbursement basis. Garage Fund - to account for the cost of automotive and other motorized equipment of the City. The acquisition cost of new or upgraded equipment is financed through user departments and the asset value is simultaneously contributed to the Garage Fund. The cost of replacement of existing equipment is financed by the Garage Fund. Administrative Services Fund - to account for various support activities including information technology, printing, mailing, and telephone services. The cost for these services is charged to user departments based on the cost of providing units of service. General Services Fund - to account for various support activities including building maintenance and custodial services for all City departments and facilities. The cost for these services is charged to user departments based on the cost of providing units of service. Central Insurance Fund - to account for the City's limited self-insurance program wherein all funds are assessed charges based on damage claims incurred and on management's assessment of individual funds' risk exposure. All claims and premiums are paid out of this fund, together with other costs necessary to administer the program. Medical self-insurance costs and employee health clinic operating expenses are also paid from this fund. Administrative General Central Garage Services Services Insurance Total ASSETS Current assets: Cash and investments $ 15,703,299 $ 19,141,231 $ 14,398,324 $ 38,430,981 $ 87,673,835 Accrued interest receivable 19,557 24,555 26,925 71,136 142,173 Other receivables 19,431 7,020 - 62,368 88,819 Due from other funds - - - 345,190 345,190 Due from other governments - - - 8 8 Inventories, at cost 486,481 - - - 486,481 Prepaid expenses and other assets - 200 - 2,910,377 2,910,577 Total current assets 16,228,768 19,173,006 14,425,249 41,820,060 91,647,083 Noncurrent assets: Advances to other funds - - - 1,851,509 1,851,509 Capital assets: Land and other nondepreciable assets 729,591 - - - 729,591 Capital assets, net of accumulated depreciation 23,160,911 2,258,424 218,955 - 25,638,290 Right to use assets, net of accumulated amortization - 812,134 - 143,092 955,226 Total noncurrent assets 23,890,502 3,070,558 218,955 1,994,601 29,174,616 Total assets 40,119,270 22,243,564 14,644,204 43,814,661 120,821,699 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows - pension 1,315,549 2,744,264 1,089,218 183,894 5,332,925 Deferred outflows - other postemployment benefits 28,446 59,821 26,371 5,004 119,642 Total deferred outflows of resources 1,343,995 2,804,085 1,115,589 188,898 5,452,567 LIABILITIES Current liabilities: Accounts and contracts payable 611,471 313,263 310,663 638,336 1,873,733 Accrued payroll 47,878 115,308 36,187 8,098 207,471 Accrued interest payable 61,093 421 118 - 61,632 Current portion of long-term liabilities: Compensated absences 95,421 330,540 67,315 11,321 504,597 Financed purchases 3,002,573 335,949 7,532 - 3,346,054 Lease liability - 517,967 - 82,439 600,406 Due to other funds 3,237,775 34,929 6,939 - 3,279,643 Claims payable - - - 4,079,616 4,079,616 Total current liabilities (payable from current assets) 7,056,211 1,648,377 428,754 4,819,810 13,953,152 Noncurrent liabilities: Compensated absences 75,981 263,199 53,600 9,014 401,794 Other postemployment benefits 461,351 970,198 427,689 81,157 1,940,395 Net pension liability 64,909 135,402 53,742 9,073 263,126 Financed purchases 3,153,889 - 1,907 - 3,155,796 Lease liability - 285,961 - 56,402 342,363 Advances from other funds 8,565,488 52,626 21,236 - 8,639,350 Claims payable - - - 5,662,888 5,662,888 Total noncurrent liabilities 12,321,618 1,707,386 558,174 5,818,534 20,405,712 Total liabilities 19,377,829 3,355,763 986,928 10,638,344 34,358,864 DEFERRED INFLOWS OF RESOURCES Deferred inflows - pension 101,686 212,119 84,192 14,214 412,211 Deferred inflows - other postemployment benefits 218,595 459,694 202,645 38,453 919,387 Total deferred inflows of resources 320,281 671,813 286,837 52,667 1,331,598 NET POSITION Net investment in capital assets 17,734,040 1,930,681 209,516 4,251 19,878,488 Unrestricted 4,031,115 19,089,392 14,276,512 33,308,297 70,705,316 Total net position $ 21,765,155 $ 21,020,073 $ 14,486,028 $ 33,312,548 $ 90,583,804 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Net Position Internal Service Funds September 30, 2022 136 Administrative General Central Garage Services Services Insurance Total Operating revenues: Billings to departments $ 16,881,560 $ 14,078,939 $ 6,117,743 $ 27,659,301 $ 64,737,543 Rentals 26,196 - - - 26,196 Other 86,268 7,020 19,010 385,264 497,562 Total operating revenues 16,994,024 14,085,959 6,136,753 28,044,565 65,261,301 Operating expenses: Personal services 2,537,243 5,269,053 2,159,723 479,205 10,445,224 Purchases for resale 5,205,565 - - - 5,205,565 Operating materials and supplies 2,935,697 174,000 518,188 239,888 3,867,773 Transportation 646 93,807 322,553 - 417,006 Utility service 121,249 - 322,636 3,368 447,253 Depreciation 9,562,585 553,560 41,357 - 10,157,502 Amortization of right to use assets - 487,792 - 75,299 563,091 Interfund administrative charges 236,280 4,000 - - 240,280 Other current charges: Professional fees 661,254 3,820,751 3,476,548 3,617,878 11,576,431 Communications 21,763 971,173 44,874 12,675 1,050,485 Printing and binding 35 30,736 15 1,658 32,444 Insurance: Premiums 25,160 9,590 17,460 4,483,372 4,535,582 Claims incurred - - - 22,520,573 22,520,573 Repairs and maintenance 589,256 387,856 162,663 18,510 1,158,285 Rentals 17,452 113,937 259,768 598 391,755 Miscellaneous 44,513 222,217 27,832 34,528 329,090 Data processing charges 219,550 271,150 152,220 25,340 668,260 Taxes 9,221 - - 6,996 16,217 Total other current charges 1,588,204 5,827,410 4,141,380 30,722,128 42,279,122 Total operating expenses 22,187,469 12,409,622 7,505,837 31,519,888 73,622,816 Operating income (loss) (5,193,445) 1,676,337 (1,369,084) (3,475,323) (8,361,515) Nonoperating revenues (expenses) Investment earnings (loss): Interest 110,519 144,046 155,405 460,888 870,858 Net appreciation (depreciation) in fair value (1,179,607) (1,496,608) (1,643,987) (4,300,634) (8,620,836) Total investment earnings (loss) (1,069,088) (1,352,562) (1,488,582) (3,839,746) (7,749,978) Interest expense (234,368) (15,322) (578) (1,218) (251,486) Gain (loss) on disposal of capital assets 736,187 (12,325) - - 723,862 Total nonoperating revenue (expenses) (567,269) (1,380,209) (1,489,160) (3,840,964) (7,277,602) Income (loss) before contributions and transfers (5,760,714) 296,128 (2,858,244) (7,316,287) (15,639,117) Transfers in 1,760,941 4,450,204 2,215,000 - 8,426,145 Transfers out - (13,000) - (33,032) (46,032) Change in net position (3,999,773) 4,733,332 (643,244) (7,349,319) (7,259,004) Net position - beginning 25,764,928 16,286,741 15,129,272 40,661,867 97,842,808 Net position - ending $ 21,765,155 $ 21,020,073 $ 14,486,028 $ 33,312,548 $ 90,583,804 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Revenue, Expenses, and Changes in Net Position Internal Service Funds For the Year Ended September 30, 2022 137 Administrative General Central Garage Services Services Insurance Total CASH FLOWS FROM OPERATING ACTIVITIES Cash received from other funds $ 16,994,024 $ 14,078,939 $6,136,753 $ 28,141,896 $ 65,351,612 Cash payments to suppliers (9,645,059) (5,445,875) (4,612,996) (31,656,354) (51,360,284) Cash payments to employees (2,517,968) (5,259,513) (2,158,198) (493,093) (10,428,772) Cash payments to other funds (792,971) (672,295) (553,734) (58,640) (2,077,640) Net cash provided (used) by operating activities 4,038,026 2,701,256 (1,188,175) (4,066,191) 1,484,916 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds 1,760,941 4,450,204 2,215,000 - 8,426,145 Transfers to other funds - (13,000) - (33,032) (46,032) Receipt of cash on loans to/from other funds 6,284,225 49,969 - 337,264 6,671,458 Payment of cash on loans to/from other funds (1,680,163) (88,373) (6,870) - (1,775,406) Net cash provided (used) by noncapital financing activities 6,365,003 4,398,800 2,208,130 304,232 13,276,165 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Principal payments on debt (4,259,677) (428,999) (7,383) - (4,696,059) Interest paid (227,604) (16,191) (632) (1,218) (245,645) Acquisition of capital assets (5,571,978) (867,518) (13,635) (79,550) (6,532,681) Proceeds from sale of capital assets 736,187 - - - 736,187 Net cash provided (used) by capital and related financing activities (9,323,072) (1,312,708) (21,650) (80,768) (10,738,198) CASH FLOWS FROM INVESTING ACTIVITIES Investment loss (1,075,682) (1,362,921) (1,500,051) (3,860,279) (7,798,933) Net cash provided (used) by investing activities (1,075,682) (1,362,921) (1,500,051) (3,860,279) (7,798,933) Net increase (decrease) in cash and cash equivalents 4,275 4,424,427 (501,746) (7,703,006) (3,776,050) Cash and cash equivalents at beginning of year 15,699,024 14,716,804 14,900,070 46,133,987 91,449,885 Cash and cash equivalents at end of year $ 15,703,299 $ 19,141,231 $14,398,324 $ 38,430,981 $ 87,673,835 Cash and cash equivalents classified as: Cash and investments $ 15,703,299 $ 19,141,231 $14,398,324 $ 38,430,981 $ 87,673,835 Total cash and cash equivalents $ 15,703,299 $ 19,141,231 $14,398,324 $ 38,430,981 $ 87,673,835 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Cash Flows Internal Service Funds For the Year Ended September 30, 2022 138 Administrative General Central Garage Services Services Insurance Total City of Clearwater, Florida Combining Statement of Cash Flows Internal Service Funds For the Year Ended September 30, 2022 Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ (5,193,445) $ 1,676,337 $(1,369,084) $ (3,475,323) $ (8,361,515) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation 9,562,585 553,560 41,357 - 10,157,502 Amortization of right to use assets - 487,792 - 75,299 563,091 Change in assets, deferred outflows, liabilities and deferred inflows: (Increase) decrease in accounts receivable 10,409 (7,020) - 97,339 100,728 (Increase) decrease in inventory (98,571) - - (8) (98,579) (Increase) decrease in prepaid expenses - (200) - (158,688) (158,888) (Increase) decrease in net pension asset 2,510,801 5,615,554 2,159,828 323,974 10,610,157 (Increase) decrease in deferred outflows (1,113,807) (2,294,833) (914,804) (156,704) (4,480,148) Increase (decrease) in accounts and contracts payable (198,421) (18,753) 138,027 (590,922) (670,069) Increase (decrease) in accrued payroll (40,098) (296,395) (86,773) (758) (424,024) Increase (decrease) in unearned revenue (63,806) - - - (63,806) Increase (decrease) in other postemployment benefits (92,084) (193,365) (85,291) (23,421) (394,161) Increase (decrease) in net pension liability 64,909 135,402 53,742 9,073 263,126 Increase (decrease) in deferred inflows (1,310,446) (2,956,823) (1,125,177) (166,052) (5,558,498) Total adjustments 9,231,471 1,024,919 180,909 (590,868) 9,846,431 Net cash provided (used) by operating activities $ 4,038,026 $ 2,701,256 $(1,188,175) $ (4,066,191) $ 1,484,916 The notes to the financial statements are an integral part of this statement. 139 140 This Page Intentionally Left Blank 141 Fiduciary Funds Fiduciary Funds are used to account for resources that are managed in a trustee capacity or as an agent for other parties or funds. Employees’ Pension Fund - to account for the financial operation and condition of the major employee retirement system. Firefighters’ Relief and Pension Fund - to account for the financial operation and condition of the Firefighters' Relief and Pension Plan, closed to new members in 1962, and containing 12 retired members with no active members. The Plan was fully funded effective with fiscal year 2007. Police Supplemental Pension Fund - to account for the financial operation and condition of a supplemental pension plan funded by the State for sworn police officers. Firefighters’ Supplemental Pension Fund - to account for the financial operation and condition of a supplemental pension plan funded by the State for firefighters. Custodial Fund - to account for fiduciary activities that are not held in a trust or equivalent arrangement that meets specific criteria. Defined Benefit Defined Contribution Pension Trust Funds Pension Trust Funds Firefighters' Police Firefighters'Total Employees' Relief and Supplemental Supplemental Pension Custodial Pension Fund Pension Fund Pension Fund Pension Fund Trust Funds Fund ASSETS Cash and cash equivalents $ 7,849,449 $ 74,007 $ 11,840 $ - $ 7,935,296 $ 821,545 Receivables: Interest and dividends 3,376,924 40,052 19,983 30,321 3,467,280 1,050 Unsettled investment sales 7,269,146 - - - 7,269,146 - Securities lending earnings 20,634 - - - 20,634 - Due from others - - - - - 50,854 Total receivables 10,666,704 40,052 19,983 30,321 10,757,060 51,904 Managed investment accounts, at fair value: Cash and cash equivalents 14,142,834 - 2,021,635 1,548,989 17,713,458 - Government bonds 55,772,076 1,787,273 - 657,215 58,216,564 - Agency bonds 3,480,551 1,011,384 - - 4,491,935 - Municipal bonds 2,585,601 - - 133,526 2,719,127 - Domestic corporate bonds 115,954,608 - - 1,186,124 117,140,732 - International equity securities 104,467,563 - - 375,127 104,842,690 - Domestic stocks 245,887,012 - - 3,248,331 249,135,343 - Mortgage backed bonds 101,673,993 - - 1,228,692 102,902,685 - Government issued commercial mortgage backed bonds 66,000 - - - 66,000 - Asset backed securities 9,424,864 - - - 9,424,864 - Other/rights/warrants 1,606 - - - 1,606 - Domestic equity mutual funds 192,726,885 - 10,185,334 5,380,276 208,292,495 - International equity mutual funds 37,031,154 - 2,454,475 903,918 40,389,547 - Infrastructure 54,511,675 - - - 54,511,675 - Real estate 134,198,683 - - 4,682,598 138,881,281 - Total managed investment accounts 1,071,925,105 2,798,657 14,661,444 19,344,796 1,108,730,002 - Securities lending collateral 11,755,307 - - - 11,755,307 - Total assets 1,102,196,565 2,912,716 14,693,267 19,375,117 1,139,177,665 873,449 LIABILITIES Accounts payable 930,580 - 57 - 930,637 16,666 Unsettled investment purchases 6,736,968 - - - 6,736,968 - Other payables 34,977 - - - 34,977 - Obligations under securities lending 11,755,307 - - - 11,755,307 - Total liabilities 19,457,832 - 57 - 19,457,889 16,666 NET POSITION Restricted for: Pensions 1,082,738,733 2,912,716 14,693,210 19,375,117 1,119,719,776 - Individuals, organizations and other governments - - - - - 856,783 Total net position $ 1,082,738,733 $ 2,912,716 $ 14,693,210 $ 19,375,117 $ 1,119,719,776 $ 856,783 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Fiduciary Net Position Fiduciary Funds September 30, 2022 142 Defined Benefit Defined Contribution Pension Trust Funds Pension Trust Funds Firefighters' Police Firefighters'Total Employees' Relief and Supplemental Supplemental Pension Custodial Pension Fund Pension Fund Pension Fund Pension Fund Trust Funds Fund ADDITIONS Contributions: Employer $ 11,912,374 $ - $ - $ - $ 11,912,374 $ - Employer - state tax 12,000 - 1,248,522 1,393,032 2,653,554 - Employees 8,591,715 - - - 8,591,715 - Individuals, organizations and other governments - - - - - 725,285 Total contributions 20,516,089 - 1,248,522 1,393,032 23,157,643 725,285 Investment earnings (loss): Net increase (decrease) in fair value of investments (215,497,263) (196,993) (5,311,370) (3,790,914) (224,796,540) - Interest, dividends and other 17,692,661 98,863 244,943 1,186,183 19,222,650 (56,418) Securities lending income 504,040 - - - 504,040 - Total investment earnings (loss) (197,300,562) (98,130) (5,066,427) (2,604,731) (205,069,850) (56,418) Less investment costs: Investment management / custodian fees (6,697,985) - (26,884) (110,143) (6,835,012) - Securities lending costs (176,287) - - - (176,287) - Net investment earnings (loss) (204,174,834) (98,130) (5,093,311) (2,714,874) (212,081,149) (56,418) Miscellaneous - - - - - Total additions (183,658,745) (98,130) (3,844,789) (1,321,842) (188,923,506) 668,867 DEDUCTIONS Benefits 57,321,813 227,768 1,546,026 2,242,629 61,338,236 - Refunds and transfers to other systems 1,772,430 - - - 1,772,430 - Administrative expenses 322,664 8,870 23,948 43,078 398,560 - Payments to individuals, organizations and other governments- - - - - 574,161 Total deductions and administrative expenses 59,416,907 236,638 1,569,974 2,285,707 63,509,226 574,161 Net increase (decrease) in fiduciary net position (243,075,652) (334,768) (5,414,763) (3,607,549) (252,432,732) 94,706 Fiduciary net position - beginning 1,325,814,385 3,247,484 20,107,973 22,982,666 1,372,152,508 762,077 Fiduciary net position - ending $ 1,082,738,733 $ 2,912,716 $ 14,693,210 $ 19,375,117 $ 1,119,719,776 $ 856,783 The notes to the financial statements are an integral part of this statement. City of Clearwater, Florida Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds For the Year Ended September 30, 2022 143 144 This Page Intentionally Left Blank Financial Trends Schedule 1 Net Position by Component Schedule 2 Changes in Net Position Schedule 2a Program Revenues by Function/Program Schedule 3 Fund Balances of Governmental Funds Schedule 4 Changes in Fund Balances of Governmental Funds Revenue Capacity Schedule 5 Assessed Value and Estimated Actual Value of Taxable Property Schedule 6 Direct and Overlapping Property Tax Rates Schedule 7 Property Tax Levies and Collections Schedule 8a Principal Real Property Taxpayers Schedule 8b Principal Personal Property Taxpayers Debt Capacity Schedule 9 Ratios of Outstanding Debt by Type Schedule 10 Ratios of General Bonded Debt Outstanding Schedule 11 Direct and Overlapping Governmental Activities Debt Schedule 12 Legal Debt Margin Information Schedule 13 Pledged-Revenue Coverage These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt, and the City’s ability to issue additional debt in the future. CITY OF CLEARWATER, FLORIDA STATISTICAL SECTION This section of the City’s ACFR presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the City’s overall financial health. This information has not been audited by the independent auditor. These schedules contain trend information to help the reader understand how the City’s financial performance and well-being changed over time. These schedules contain information to help the reader assess the City’s significant local revenue, the property tax. 145 Economic and Demographic Information Schedule 14 Demographic and Economic Statistics Schedule 15 Principal Employers Operating Information Schedule 16 Full-time Equivalent City Government Employees by Function/Program Schedule 17 Operating Indicators by Function/Program Schedule 18 Capital Assets Statistics by Function/Program These schedules offer economic and demographic indicators to help the reader understand the environment within which the City’s financial activities take place. These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs. Sources: Unless otherwise noted, the information in this section is derived from the City’s annual comprehensive financial reports for the relevant year. STATISTICAL SECTION (CONTINUED) CITY OF CLEARWATER, FLORIDA 146 2013201420152016201720182019202020212022Primary GovernmentGovernmental activities Net investment in capital assets 252,661$ 261,886$ 262,934$ 263,810$ 271,834$ 256,608$ 267,703$ 271,011$ 283,538$ 296,599$ Restricted 60,454 56,044 57,003 52,936 119,003 145,996 129,078 136,164 295,044 53,555 Unrestricted 82,369 153,334 121,033 128,785 72,595 57,072 102,030 132,181 48,583 291,427 Total governmental activities net position 395,484$ 471,264$ 440,970$ 445,531$ 463,432$ 459,676$ 498,811$ 539,356$ 627,165$ 641,581$ Business-type activities Net investment in capital assets 180,324$ 214,175$ 226,571$ 231,591$ 254,503$ 250,410$ 284,905$ a292,925$ 285,264$ 284,557$ Restricted 53,237 49,530 45,503 36,803 47,946 54,034 36,271 36,576 48,861 11,608 Unrestricted 153,761 163,876 164,135 194,997 183,726 194,547 225,022 a260,807 291,320 330,029 Total business-type activities net position 387,322$ 427,581$ 436,209$ 463,391$ 486,175$ 498,991$ 546,198$ 590,308$ 625,445$ 626,194$ Primary government Net investment in capital assets 432,985$ 476,061$ 489,505$ 495,401$ 526,337$ 507,018$ 552,608$ 563,936$ 568,802$ 581,156$ Restricted 113,691 105,574 102,506 89,739 166,949 200,030 165,349 172,740 343,905 65,163 Unrestricted 236,130 317,210 285,168 323,782 256,321 251,619 327,052 392,988 339,903 621,456 Total primary government net position 782,806$ 898,845$ 877,179$ 908,922$ 949,607$ 958,667$ 1,045,009$ 1,129,664$ 1,252,610$ 1,267,775$Note:Fiscal years prior to 2015 are not restated for GASB-68.Fiscal years prior to 2018 are not restated for GASB-75.a Reclassified to correct the calculation of Net Investment in Capital Assets in 2019.City of Clearwater, FloridaNet Position by ComponentLast Ten Fiscal Years(accrual basis of accounting, in thousands of dollars)Schedule 1147 2013201420152016201720182019202020212022Governmental activities: General government 13,496$ 15,018$ 16,818$ 13,488$ 14,876$ 18,323$ 15,982$ 13,110$ 12,020$ 14,810$ Public safety 68,057 70,126 99,056 71,718 66,795 67,737 71,645 72,720 37,949 96,123 Physical environment3,451 3,416 3,273 4,142 3,993 4,055 551 5,934 3,077 4,245 Transportation 12,954 11,129 19,366 14,532 14,339 17,020 15,957 12,424 12,247 18,497 Economic environment3,035 2,517 4,895 4,019 5,305 6,205 7,671 7,298 4,545 4,861 Human services 104 137 249 526 455 462 574 598 505 746 Culture and recreation 32,213 33,051 40,783 36,894 36,497 50,485 45,595 36,528 38,751 47,192 Interest on long-term debt698 727 689 740 748 745 808 617 528 1,215 Total governmental activities expenses 134,008 136,121 185,129 146,059 143,008 165,032 158,783 149,229 109,622 187,689 Business-type activities: Water and sewer utility 57,774 64,810 69,550 64,866 73,253 82,197 68,458 66,362 72,634 88,561 Gas utility29,747 31,639 33,352 29,195 30,716 35,569 35,553 32,671 37,233 43,643 Solid waste utility17,042 17,572 22,486 17,989 17,626 17,053 19,328 18,580 22,062 22,090 Stormwater utility12,284 16,476 16,110 13,664 13,148 14,550 11,730 12,308 13,384 11,875 Recycling 4,056 3,094 2,455 2,958 2,864 3,042 1,594 2,675 3,282 3,164 Marine 4,214 4,378 4,182 3,476 3,781 4,119 4,212 3,677 4,548 6,187 Aviation 404 345 399 415 470 640 502 486 518 538 Parking system 3,730 3,637 4,724 4,097 4,379 4,817 5,054 5,732 5,832 5,031 Harborview Center 520 522 - - - - - - - - Clearwater Harbor Marina 676 779 911 848 823 895 919 947 1,125 1,141 Total business-type activities expenses 130,447 143,252 154,169 137,508 147,060 162,882 147,350 143,438 160,618 182,230 Total primary government expenses 264,455$ 279,373$ 339,298$ 283,567$ 290,068$ 327,914$ 306,133$ 292,667$ 270,240$ 369,919$ Notes:The Harborview Center Fund was closed in FY 2014 and its operations transferred to the General Fund during the year ended September 30, 2014.Fiscal years prior to 2015 are not restated for GASB-68.Fiscal years prior to 2018 are not restated for GASB-75.Fiscal year 2021 decrease in governmental activities expenses partially due to significant increase in net pension asset and related decrease in pension expense.Fiscal year 2022 increase in governmental activities expense partially due to elimination of net pension asset and related increase in pension expense, due to investment market downturn.ExpensesPage 1 of 3Schedule 2City of Clearwater, FloridaChanges in Net PositionLast Ten Fiscal Years(accrual basis of accounting, in thousands of dollars)148 2013201420152016201720182019202020212022 Charges for services: General government19,920$ 22,726$ 23,668$ 23,030$ 23,380$ 24,391$ 26,013$ 25,869$ 25,752$ 26,543$ Public safety 10,654 11,040 10,593 11,952 11,788 11,318 11,769 12,739 13,858 13,695 Physical environment174 150 196 137 67 237 120 65 83 33 Transportation 738 454 327 150 157 127 182 175 157 160 Economic environment121 132 109 105 105 312 165 149 124 1,323 Culture and recreation 5,973 6,855 7,103 7,751 8,336 8,384 8,892 6,401 6,421 9,073 Operating grants and contributions 8,114 6,305 6,893 6,236 7,012 7,456 8,630 6,925 12,540 31,435 Capital grants and contributions 437 2,391 2,326 2,642 3,894 7,146 6,257 2,519 2,595 1,821 Total governmental activities program revenues46,131 50,053 51,215 52,003 54,739 59,371 62,028 54,842 61,530 84,083 Business-type activities: Charges for services: Water and sewer utility 65,292 67,141 70,848 75,203 81,514 83,994 87,242 91,069 96,837 102,430 Gas utility 37,693 41,347 41,143 38,598 40,602 45,120 45,762 42,785 43,034 47,355 Solid waste utility 19,504 19,966 20,401 21,602 22,492 23,234 24,504 24,646 26,501 28,028 Stormwater utility 16,378 16,789 17,162 17,854 18,512 18,397 18,503 17,248 17,435 17,300 Recycling 2,453 2,370 2,261 2,390 2,546 2,316 2,444 2,710 3,032 3,251 Marine 4,331 4,643 4,352 4,054 4,444 5,065 5,284 4,885 5,896 7,090 Aviation 261 268 283 291 311 317 323 333 314 335 Parking system 4,994 5,159 6,215 6,638 7,027 6,348 7,128 7,653 10,721 10,963 Harborview Center48 50 - - - - - - - - Clearwater Harbor Marina 559 619 664 717 799 804 850 872 893 971 Operating grants and contributions 584 140 50 208 83 83 664 166 83 84 Capital grants and contributions 6,250 13,590 4,662 3,487 3,564 3,785 3,973 1,764 2,546 5,183 Total business-type activities program revenues158,347 172,082 168,041 171,042 181,894 189,463 196,677 194,131 207,292 222,990 Total primary government program revenues204,478$ 222,135$ 219,256$ 223,045$ 236,633$ 248,834$ 258,705$ 248,973$ 268,822$ 307,073$ Notes:The Harborview Center Fund was closed in FY 2014 and its operations transferred to the General Fund during the year ended September 30, 2014Program revenuesPage 2 of 3Schedule 2 (continued)City of Clearwater, FloridaChanges in Net PositionLast Ten Fiscal Years(accrual basis of accounting, in thousands of dollars)149 2013201420152016201720182019202020212022Net (Expenses) / RevenueGovernmental activities (87,049)$ (85,142)$ (132,905)$ (92,924)$ (87,041)$ (104,252)$ (94,877)$ (92,294)$ (48,092)$ (104,090)$ Business-type activities 27,900 28,830 13,872 33,534 34,834 26,581 49,327 50,693 46,674 40,503 Total primary government net (expense) / revenue (59,149)$ (56,312)$ (119,033)$ (59,390)$ (52,207)$ (77,671)$ (45,550)$ (41,601)$ (1,418)$ (63,587)$ General Revenues and Other Changes in Net PositionGovernmental activities: Taxes: Property taxes 37,360$ 38,574$ 40,925$ 43,580$ 46,853$ 50,610$ 64,050$ 68,614$ 73,093$ 76,821$ Sales taxes 15,489 15,722 16,833 17,595 18,009 19,015 19,839 19,311 22,842 26,167 Utility taxes 13,473 14,309 14,095 14,518 14,835 15,544 16,449 17,166 17,746 18,467 Communications services taxes 5,470 5,061 4,919 4,618 4,512 4,721 4,371 4,369 4,175 4,190 Local business tax b2,112 2,111 2,029 662 a1,913 1,956 2,077 2,028 2,127 2,067 Local option gas tax b1,444 1,443 1,490 1,532 1,546 1,536 1,526 1,382 1,439 1,461 Intergovernmental: State revenue sharing b3,103 3,245 3,441 3,520 3,707 3,826 3,969 3,694 4,274 5,339 Investment earnings (1,109) 2,596 3,279 2,285 698 (136) 8,617 4,550 (642) (25,822) Miscellaneous 134 28 26 108 36 100 182 94 304 114 Extraordinary item - - 6,480 - - - - - - - Transfers 9,505 13,410 9,330 9,069 12,831 10,341 12,932 11,631 10,543 9,217 Total governmental activities 86,981 96,499 102,847 97,487 104,940 107,513 134,012 132,839 135,901 118,021 Business-type activities: Investment earnings (1,287) 3,407 4,086 2,715 783 (350) 10,811 5,047 (994) (30,793) Transfers (9,505) (13,410) (9,330) (9,069) (12,831) (10,341) (12,932) (11,631) (10,543) (9,217) Total business-type activities (10,792) (10,003) (5,244) (6,354) (12,048) (10,691) (2,121) (6,584) (11,537) (40,010) Total primary government 76,189$ 86,496$ 97,603$ 91,133$ 92,892$ 96,822$ 131,891$ 126,255$ 124,364$ 78,011$ Change in Net PositionGovernmental activities (68)$ 11,357$ (30,058)$ 4,563$ 17,899$ 3,261$ 39,135$ 40,545$ 87,809$ 14,416$ Business-type activities 17,108 18,827 8,628 27,180 22,786 15,890 47,206 44,109 35,137 749 Total primary government change in net position 17,040$ 30,184$ (21,430)$ 31,743$ 40,685$ 19,151$ 86,341$ 84,654$ 122,946$ 15,165$ Notes:a Reduction in Local Business Tax in 2016 is due to the deferral of receipts for following fiscal year renewals received during July, August and September.b Amounts previously reported as "Other Taxes" in fiscal years 2013-2019 have been separately itemized.Fiscal 2022 decrease in investment earnings due to a large unrealized current year loss on investments resulting from a significant increase in interest rates during fiscal 2022. Page 3 of 3Schedule 2 (continued)City of Clearwater, FloridaChanges in Net PositionLast Ten Fiscal Years(accrual basis of accounting, in thousands of dollars)150 (accrual basis of accounting, in thousands of dollars)2013201420152016201720182019202020212022Function/ProgramGovernmental activities: General government 19,920$ 22,728$ 23,668$ 23,030$ 23,432$ 24,398$ 26,298$ 25,869$ 25,877$ 49,027$ Public safety 13,551 14,192 13,201 15,439 14,778 14,455 16,363 15,547 19,693 16,484 Physical environment 326 447 1,311 986 1,538 1,729 1,690 415 329 394 Transportation 1,284 885 1,024 927 1,312 2,889 1,759 1,007 1,397 1,665 Economic environment 2,988 1,828 1,713 1,426 2,014 1,725 1,315 1,327 4,386 4,781 Human services 147 - 350 333 368 431 400 421 347 391 Culture and recreation 7,915 9,973 9,948 9,862 11,297 13,744 14,203 10,256 9,501 11,341 Subtotal governmental activities 46,131 50,053 51,215 52,003 54,739 59,371 62,028 54,842 61,530 84,083 Business-type activities: Water and sewer utility69,732 78,478 74,146 77,312 82,531 86,706 89,115 92,057 98,541 107,296 Gas utility38,143 41,347 41,143 38,598 40,602 45,120 45,762 42,785 43,034 47,355 Solid waste utility19,504 19,966 20,401 21,727 22,492 23,234 25,166 24,646 26,501 28,028 Stormwater utility 16,869 18,821 17,805 19,029 21,053 19,358 20,575 17,907 17,519 17,300 Recycling 2,536 2,453 2,261 2,473 2,629 2,399 2,444 2,876 3,115 3,335 Marine4,334 4,658 4,357 4,055 4,447 5,070 5,286 4,885 5,896 7,090 Aviation 1,491 480 999 377 314 424 351 450 1,072 652 Parking system 4,994 5,159 6,215 6,704 7,027 6,348 7,128 7,653 10,721 10,963 Harborview Center48 50 - - - - - - - - Clearwater Harbor Marina696 670 714 767 799 804 850 872 893 971 Subtotal business-type activities 158,347 172,082 168,041 171,042 181,894 189,463 196,677 194,131 207,292 222,990 Total primary government 204,478$ 222,135$ 219,256$ 223,045$ 236,633$ 248,834$ 258,705$ 248,973$ 268,822$ 307,073$ Notes:The Harborview Center Fund was closed in FY 2014 and its operations transferred to the General Fund during the year ended September 30, 2014.Schedule 2aCity of Clearwater, FloridaProgram Revenues by Function/ProgramLast Ten Fiscal Years 151 2013201420152016201720182019202020212022General Fund: Nonspendable 37$ 33$ 40$ 59$ 62$ 76$ 49$ 64$ 46$ 84$ Restricted - - - - - - - - - - Committed - - - - - - - - - - Assigned 588 894 447 352 232 436 452 338 630 737 Unassigned 21,664 23,488 31,540 33,243 28,276 27,176 38,168 48,933 67,749 58,465 Total General Fund 22,289$ 24,415$ 32,027$ 33,654$ 28,570$ 27,688$ 38,669$ 49,335$ 68,425$ 59,286$ All Other Governmental Funds: Nonspendable 96$ -$ -$ -$ -$ -$ 10$ 192$ -$ -$ Restricted 60,493 56,043 53,900 52,936 58,681 67,328 76,094 72,163 76,215 88,455 Committed 27,322 19,374 20,167 22,360 22,132 19,829 19,661 25,539 24,597 45,806 Assigned 5,801 6,689 7,815 7,475 7,094 3,043 5,828 6,921 9,400 609 Unassigned (3,917) (6,347) (2,553) - - - - - - - Total all other governmental funds 89,795$ 75,759$ 79,329$ 82,771$ 87,907$ 90,200$ 101,593$ 104,815$ 110,212$ 134,870$ Schedule 3City of Clearwater, FloridaFund Balances of Governmental FundsLast Ten Fiscal Years(modified accrual basis of accounting, in thousands of dollars)152 2013201420152016201720182019202020212022Total Governmental Funds: Property taxes 37,413$ 38,597$ 40,919$ 43,614$ 46,852$ 50,710$ 64,050$ b 68,522$ 73,096$ 76,856$ Sales taxes 8,868 9,465 10,188 10,715 11,014 11,670 12,278 12,087 14,296 16,586 Utility taxes 13,473 14,309 14,094 14,518 14,835 15,544 16,449 17,166 17,746 18,467 Communications services taxes 5,470 5,061 4,919 4,618 4,512 4,721 4,371 4,368 4,175 4,190 Other taxes 3,556 3,554 3,519 2,194 3,459 3,493 3,603 3,409 3,566 3,527 Franchise fees 9,164 9,877 9,873 9,311 9,394 9,992 10,643 10,312 10,355 10,787 Licenses, permits, and fees 2,187 3,292 4,408 3,339 3,893 3,748 3,995 4,439 5,265 6,419 Intergovernmental revenues 26,842 26,354 27,573 28,293 30,236 34,277 34,770 29,730 36,442 56,637 Charges for services 14,484 15,574 15,830 16,536 17,304 17,381 17,719 15,461 17,106 18,265 Fines and forfeitures 1,808 1,480 1,638 2,116 1,727 2,165 2,605 2,321 2,308 2,387 Investment earnings (loss)(668) a1,717 2,160 1,486 460 194 5,292 c2,963 (387) d(18,025) e Miscellaneous 2,310 2,734 3,886 3,714 4,051 4,499 4,289 3,592 3,185 4,034 Total revenues 124,907 132,014 139,007 140,454 147,737 158,394 180,064 174,370 187,153 200,130ExpendituresTotal Governmental Funds: Current: General government 12,520 14,391 13,159 12,917 16,277 17,250 17,521 12,648 13,248 14,514 Public safety66,262 66,771 66,886 69,575 71,752 74,486 74,164 78,002 81,172 87,269 Physical environment 3,376 3,400 3,158 3,594 4,185 4,403 3,488 3,938 3,644 4,003 Transportation 7,522 7,787 9,925 9,554 9,626 9,629 9,956 8,453 8,427 14,019 Economic environment 3,256 2,544 3,993 3,473 4,826 4,106 4,831 6,602 4,711 4,758 Human services 104 137 223 525 466 490 594 634 595 728 Culture and recreation 26,567 27,557 28,339 31,279 33,868 43,030 40,080 34,971 35,218 38,899 Debt service: Principal 1,049 947 928 979 1,088 1,271 1,486 1,508 1,617 1,347 Interest & issuance costs 538 542 501 459 414 380 348 308 260 704 Capital outlay 13,318 16,098 12,132 12,062 13,015 8,921 12,068 15,916 19,029 51,822 Total expenditures 134,512 140,174 139,244 144,417 155,517 163,966 164,536 162,980 167,921 218,063Excess (deficiency) of revenues over (under) expenditures (9,605) (8,160) (237) (3,963) (7,780) (5,572) 15,528 11,390 19,232 (17,933) Total Governmental Funds: Transfers in 35,813 34,453 39,386 32,824 45,413 49,202 45,697 47,307 45,071 103,139 Transfers out (26,673) (25,819) (31,190) (25,074) (38,658) (43,895) (40,396) (42,979) (40,354) (102,303) Proceeds from sale of capital assets - - - 314 - - 1,545 1,746 537 635 Proceeds from lease obligations - - - - - - - - - 755 f Other long term debt issued - - 82 968 1,077 1,677 - 964 - 31,226 Total other financing sources (uses) 9,140 8,634 8,278 9,032 7,832 6,984 6,846 7,038 5,254 33,452 Extraordinary Item:BP Oil settlement proceeds - - 6,480 - - - - (465)$ 474$ 14,521$ 5,069$ 52$ 1,412$ 22,374$ 18,428$ 24,486$ 15,519$ Debt service as a percentage of noncapital expenditures 1.3% 1.3%1.1% 1.1% 1.1% 1.1% 1.3% 1.2% 1.3% 1.2%Notes:Fiscal years prior to 2015 are not restated for GASB-68.Fiscal years prior to 2018 are not restated for GASB-75.a The decrease in 2013 investment earnings was due to a low interest rate environment along with an unrealized loss in market value at September 30, 2013.b The increase in 2019 investment earnings was due to an unrealized gain in market value as of September 30, 2019 as well as an increase in the average balance of cash and investments.c The increase in 2019 property taxes was due to an increase in the millage rate from 5.155 to 5.955 as well as an increase in property values.d The decrease in 2021 investment earnings was due to a decrease interest rates as well as an unrealized loss in market value as of September 30, 2021 .e The decrease in 2022 investment earnings was due to an unrealized loss in market value as of September 30, 2022 due to rising interest rates.f GASB-87 implemented in fiscal year 2022.Other Financing Sources (Uses)Net Change in Fund BalancesRevenuesSchedule 4City of Clearwater, FloridaChanges in Fund Balances of Governmental FundsLast Ten Fiscal Years(modified accrual basis of accounting, in thousands of dollars)153 Less:Government Homestead Total Total Estimated Assessedand Assessment Less:Taxable Direct Actual Value as %Fiscal Residential Commercial Industrial Institutional Personal OtherCap Tax Exempt Assessed Tax Taxable of ActualYear Property Property Property Property Property Property DifferentialbProperty Value RatecValue Value2013 6,496,278$ 2,043,952$ 140,377$ 1,017,944$ 593,746$ 114,615$ 290,989$ 2,623,699$ 7,492,224$ 5.1550 8,814,381$ 85.0%2014 6,863,874 2,077,078 149,298 1,057,915 601,743 113,552 485,295 2,640,339 7,737,826 5.1550 9,103,325 85.0%2015 7,713,777 2,145,212 156,487 1,117,973 631,798 113,591 959,433 2,714,945 8,204,460 5.1550 9,652,306 85.0%2016 8,606,077 2,248,376 161,628 1,167,103 659,302 116,457 1,447,451 2,762,807 8,748,685 5.1550 10,292,571 85.0%2017 9,309,714 2,416,458 181,646 1,170,702 653,678 116,714 1,655,985 2,792,826 9,400,101 5.1550 11,058,942 85.0%2018 10,027,947 2,634,890 191,916 1,199,559 753,946 112,055 1,835,694 2,903,688 10,180,931 5.1550 11,977,566 85.0%2019 10,929,070 2,924,352 193,383 1,229,391 1,097,973 130,025 2,022,246 3,322,023 11,159,925 5.9550 13,129,324 85.0%2020 11,645,166 3,133,808 201,106 1,289,515 1,043,462 142,185 2,150,286 3,392,403 11,912,553 5.9550 14,014,768 85.0%2021 12,416,788 3,258,784 220,657 1,399,614 1,119,370 161,319 2,244,667 3,613,906 12,717,959 5.9550 14,962,305 85.0%2022 13,737,120 3,209,249 245,906 1,572,209 933,816 172,180 2,864,425 3,604,655 13,401,400 5.9550 15,766,353 85.0%a Properties are assessed at approximately 85% of market value to reflect cost of sales, personal property included in market value, etc.b Chapter 193.155, Florida Statutes, provides for an annual cap on assessment increases for "Homestead properties" (properties qualifying for Homestead exemption). The cap is the lower of 3% of the assessed value of the property or the percentage change in the Consumer Price Index for All Urban Consumers.c Rate is per $1,000 of assessed valueAssessed ValueaSchedule 5City of Clearwater, FloridaAssessed Value and Estimated Actual Value of Taxable PropertyLast Ten Fiscal Years(in thousands of dollars)154 Fiscal Year Operating Total Direct Pinellas County Pinellas County Schools Pinellas Transit District Emergency Medical Services Other Districts Downtown Development Board a 2013 5.1550 5.1550 5.0727 8.3020 0.7305 0.9158 1.3034 0.9651 2014 5.1550 5.1550 5.3377 8.0600 0.7305 0.9158 1.2959 0.9651 2015 5.1550 5.1550 5.3377 7.8410 0.7305 0.9158 1.2799 0.9651 2016 5.1550 5.1550 5.3377 7.7700 0.7305 0.9158 1.2629 0.9651 2017 5.1550 5.1550 5.3377 7.3180 0.7500 0.9158 1.2448 0.9651 2018 5.1550 5.1550 5.3590 7.0090 0.7500 0.9158 1.2262 0.9700 2019 5.9550 5.9550 5.3590 6.7270 0.7500 0.9158 1.2086 0.9700 2020 5.9550 5.9550 5.3950 6.5840 0.7500 0.9158 1.1932 0.9700 2021 5.9550 5.9550 5.3590 6.4270 0.7500 0.9158 1.1800 0.9700 2022 5.9550 5.9550 5.2092 6.3250 0.7500 0.9158 1.1666 b 0.9700 Source: Pinellas County Tax Collector a A separate taxing district established by referendum which affects only downtown properties. b "Other" includes Pinellas County Planning Council 0.0150; Juvenile Welfare Board 0.8981; SW Florida Water Management District 0.2535. Schedule 6 City Direct Rates Overlapping Rates City of Clearwater, Florida Direct and Overlapping Property Tax Rates Last Ten Fiscal Years (rate per $1,000 of assessed value) 155 Fiscal Year Taxes Levied for the Fiscal Year Amount Percentage of Levy Collections in Subsequent Years Amount Percentage of Levy 2013 38,622,438$ 37,298,959$ 96.57% 67,224$ 37,366,183$ 96.75% 2014 39,888,516 38,521,211 96.57% 63,407 38,584,618 96.73% 2015 42,294,009 40,832,366 96.54% 61,452 40,893,818 96.69% 2016 45,099,493 43,545,722 96.55% 52,251 43,597,973 96.67% 2017 48,457,539 46,762,216 96.50% 43,656 46,805,872 96.59% 2018 52,482,716 50,620,131 96.45% 35,124 50,655,255 96.52% 2019 66,457,374 64,014,536 96.32% 101,843 64,116,379 96.48% 2020 70,939,266 68,396,543 96.42% 44,389 68,440,932 96.48% 2021 75,735,461 73,035,751 96.44% 33,899 73,069,650 96.48% 2022 79,805,351 76,777,645 96.21% - 76,777,645 96.21% Note 1:Discounts are allowed for early payment: 4% for November, 3% for December,2% for January, and 1% for February. No discount is allowed for payment in March. Penalties are assessed beginning in April. Schedule 7 Collected within the Fiscal Year of the Levy Total Collections to Date City of Clearwater, Florida Property Tax Levies and Collections Last Ten Fiscal Years 156 Taxpayer Taxable Assessed Value Rank Percentage of Total City Taxable Assessed Value Taxable Assessed Value Rank Percentage of Total City Taxable Assessed Value REAL PROPERTY BELLWETHER PROP FLA 135,068,500$ 1 1.05% $134,375,938 1 1.90% WYNDHAM VACATION RESORTS INC 124,415,000 2 0.97% B W C W HOSPITALITY LLC 97,663,243 3 0.76% JOHN S TAYLOR PROPERTIES LLC 90,075,000 4 0.70% 43,830,000 3 0.62% US HWY 19N FL PARTNERS LLC 88,500,000 5 0.69% P E P F SOLARIS KEY LLC 77,770,000 6 0.60% BAYSIDE ARBORS XII LLC 76,158,925 7 0.59% K & P CLEARWATER ESTATE LLC 73,000,000 8 0.57% G R F P LLC 68,000,000 9 0.53% CL CLEARWATER LP 68,000,000 10 0.53% CRYSTAL BEACH CAPITAL LLC 67,848,466 2 0.96% STANDARD GRAND RESERVE LLC 39,100,000 4 0.55% CENTRO NP CLEARWATER MALL LLC 37,420,911 5 0.53% SAND KEY ASSOC LTD PARTNERSHIP 36,550,000 6 0.52% SANDPEARL RESORT LLC 34,814,392 7 0.49% ZOM BAYSIDE ARBORS LTD 34,218,925 8 0.48% N W P CLEARWATER HOLDINGS LLC 30,500,000 9 0.43% WEINGARTEN NOSTAT INC 26,398,500 10 0.37% Total 898,650,668$ 6.99% 485,057,132$ 6.85% Source: Pinellas County Property Appraiser Schedule 8a City of Clearwater, Florida Principal Real Property Taxpayers Current Year and Nine Years Ago 2022 2013 157 Taxpayer Taxable Assessed Value Rank Percentage of Total City Taxable Assessed Value Taxable Assessed Value Rank Percentage of Total City Taxable Assessed Value PERSONAL PROPERTY DUKE ENERGY FLORIDA (1)112,976,156$ 1 21.42% 68,759,251$ 1 17.09% FRONTIER FLORIDA LLC (2)22,547,167 2 4.27% 36,745,546 2 9.13% INSTRUMENT TRANSFORMERS INC 14,468,843 3 2.74% 6,263,531 7 1.56% SPECTRUM SUNSHINE STATE LLC (3)13,800,170 4 2.62% 13,595,187 3 3.38% BAUSCH & LOMB INC 13,238,564 5 2.51% PUBLIX SUPER MARKET 9,657,455 6 1.83% 9,264,328 4 2.30% MONIN INC 7,368,013 7 1.40% 4,530,651 10 1.13% FLORIDA GAS TRANSMISSION 7,359,846 8 1.40% 8,056,278 5 2.00% WYNDHAM GRAND CLEARWATER BEACH 7,285,937 9 1.38% WOW! INTERNET, CABLE & PHONE 6,370,212 10 1.21% HYATT REGENCY CLEARWATER BEACH 6,627,992 6 1.65% MODEL SCREW PRODUCTS INC 5,535,807 8 1.38% HILTON CLEARWATER BEACH RESORT 4,668,743 9 1.16% Total 215,072,363$ 40.78% 164,047,314$ 40.78% Notes: (1) Duke Energy was listed as Florida Power Corp. in 2013. (2) Frontier Florida LLC was listed as Verizon Florida LLC in 2013. (3) Spectrum Sunshine State LLC was listed as Bright House Networks LLC in 2013. Source: Pinellas County Property Appraiser Schedule 8b City of Clearwater, Florida Principal Personal Property Taxpayers Current Year and Nine Years Ago 2022 2013 158 Spring TrainingFacilityWater/Sewer Gas Stormwater Total PercentageFiscal Intergovernmental Non-Ad Valorem Capital Revenue Revenue Revenue Capital Primaryof Personal PerYearRevenue BondsRevenue BondsLeasesBondsBondsBondsLeasesGovernmentIncome (a)Capita (a)2013 9,686$ -$ 8,249$ 170,934$ 14,367$ 37,498$ 512$ 241,246$ 5.07% 2,212 2014 9,053 - 9,260 164,714 13,554 36,249 296 233,126 4.61% 2,132 2015 8,397 - 14,033 159,642 12,566 34,791 279 229,708 4.31% 2,075 2016 7,717 - 18,035 152,866 11,563 33,257 437 223,875 4.08% 1,992 2017 7,014 - 21,241 150,862 10,555 31,680 1,141 222,493 3.81% 1,956 2018 6,273 - 25,211 143,377 9,905 30,057 1,150 215,973 3.49% 1,868 2019 5,498 - 17,470 135,694 9,245 28,377 838 197,122 3.02% 1,691 2020 4,681 - 19,901 130,676 8,570 22,776 1,338 187,942 2.70% 1,592 2021 3,826 - 12,787 126,027 7,875 21,354 893 172,762 2.22% 1,467 2022 3,521 31,210 7,380 121,070 7,165 12,561 533 183,440 * 1,539 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.(a) See Schedule 14 for personal income and population data.* Data not available.Schedule 9Business-Type ActivitiesGovernmental ActivitiesCity of Clearwater, FloridaRatios of Outstanding Debt by TypeLast Ten Fiscal Years(amounts in thousands, except per capita)159 Percentage of General Non-Ad Valorem Actual Taxable Fiscal Obligation Revenue Value of Per Year Bonds Bonds Total Property (a) Capita (b) 2013 -$ -$ -$ - -$ 2014 - - - - - 2015 - - - - - 2016 - - - - - 2017 - - - - - 2018 - - - - - 2019 - - - - - 2020 - - - - - 2021 - - - - - 2022 - 30,000 30,000 0.22% 252 (a) See Schedule 5 for property value data. (b) Population data can be found in Schedule 14. Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. Schedule 10 General Bonded Debt Outstanding City of Clearwater, Florida Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years (amounts in thousands, except per capita) 160 Estimated Estimated Share of Debt Percentage Overlapping Governmental Unit Outstanding Applicable a Debt Debt repaid with property taxes -$ n/a -$ Other debt Pinellas County Government Notes 6,318 13.7% 864 Pinellas County Government Capital Leases 35,906 13.7% 4,912 Pinellas County School District Certificates of Participation 131,137 13.7% 17,940 Pinellas County School District Capital Leases 9,315 13.7% 1,274 Subtotal, overlapping debt 24,990 City direct debt 42,111 Total direct and overlapping debt 67,101$ Sources: Assessed value data used to estimate applicable percentages provided by Pinellas County Property Appraiser. Debt outstanding data is provided by each respective governmental unit. Pinellas County Government debt is reported as of September 30, Pinellas County School Board debt is reported as of June 30. Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of Clearwater. This process recognizes that, when considering the city's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. a The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the City's boundaries and dividing it by each unit's total taxable assessed value. (amounts in thousands) Schedule 11 City of Clearwater, Florida Direct and Overlapping Governmental Activities Debt As of September 30, 2022 161 Total Net Debt Applicable Total Net Debt to Limit Fiscal Debt Applicable Legal as Percentage Year Limit to Limit Debt Margin of Debt Limit 2013 1,904,237$ 215,753$ 1,688,484$ 11.33% 2014 1,955,083 208,318 1,746,765 10.66% 2015 2,057,302 204,926 1,852,376 9.96% 2016 2,170,214 199,317 1,970,897 9.18% 2017 2,307,618 199,611 2,108,007 8.65% 2018 2,466,049 193,379 2,272,670 7.84% 2019 2,676,718 182,710 2,494,008 6.83% 2020 2,852,238 170,515 2,681,723 5.98% 2021 3,042,407 155,808 2,886,599 5.12% 2022 3,214,295 169,392 3,044,903 5.27% Legal Debt Margin Calculation for Fiscal Year 2022 Assessed valuation of all real property 16,071,474$ Debt Limit (20% of assessed valuation per City Charter) 3,214,295 Debt applicable to limit: Bonds payable 167,380$ Financed purchases 7,913 Less: Amount set aside for repayment of bonded debt (5,901) 169,392 Legal debt margin 3,044,903$ Note: Per City Charter, the City's indebtedness, to include revenue, refunding, and improvement bonds shall not exceed 20 percent of the current assessed valuation of all real property located in the City. (amounts in thousands) Schedule 12 City of Clearwater, Florida Legal Debt Margin Information Last Ten Fiscal Years 162 Less: Net Fiscal Gross Operating Available Year Revenues Expenses Revenues Principal Interest Coverage 2013 1,084$ -$ 1,084$ 590$ 485$ 1.01 2014 1,097 - 1,097 610 463 1.02 2015 1,100 - 1,100 635 439 1.02 2016 1,095 - 1,095 660 413 1.02 2017 1,090 - 1,090 685 380 1.02 2018 1,084 - 1,084 725 343 1.01 2019 1,121 - 1,121 760 303 1.05 2020 1,101 - 1,101 805 261 1.03 2021 743 - 743 845 220 0.70 2022 459 - 459 295 195 0.94 Non-Ad Valorem Revenue Bonds There are no pledged revenues for the Non-Ad Valorem Revenue Bonds. The City covenanted and agreed to budget and appropriate amounts from Non-Ad Valorem Revenues sufficient to pay principal and interest when due. Such covenant to budget and appropriate does not create any lien or pledge of such Non-Ad Valorem Revenues. (a) Pledged revenues for the Spring Training Facility Revenue Bonds include payments received from the State of Florida pursuant to Section 212.20, Florida Statutes, and payments from Pinellas County through February 2021, pursuant to an inter-local agreement dated December 1, 2000, along with related interest earnings. Debt Service Spring Training Facility Revenue Bonds (a) Schedule 13 City of Clearwater, Florida Pledged-Revenue Coverage Last Ten Fiscal Years (amounts in thousands) Page 1 of 2 163 Less: Net Fiscal Gross Operating Available Maximum Year Revenues Expenses Revenues Principal Interest Coverage Coverage (a) Water & Sewer Utility Revenue Bonds 2013 64,665$ 37,001$ 27,664$ 5,465$ 8,333$ 2.00 2014 68,601 44,732 23,869 5,680 8,099 1.73 2015 72,303 47,680 24,623 5,885 7,675 1.82 2016 76,164 42,131 34,033 6,375 7,260 2.50 2017 81,897 50,177 31,720 6,660 5,974 2.51 2018 83,739 46,484 37,255 6,985 5,181 3.06 2019 91,903 50,060 41,843 7,300 5,043 3.39 2020 93,603 53,539 40,064 4,190 4,723 4.50 2021 96,355 53,490 42,865 3,735 4,812 5.02 2022 85,443 69,729 15,714 4,120 4,625 1.80 Gas Utility Revenue Bonds 2013 37,922$ 27,159$ 10,763$ 825$ 502$ 8.11 5.01 2014 41,963 29,173 12,790 925 384 9.77 6.11 2015 41,961 30,407 11,554 980 358 8.64 5.52 2016 39,142 26,591 12,551 995 328 9.49 5.99 2017 40,773 27,927 12,846 1,000 297 9.90 6.13 2018 45,119 30,307 14,812 650 266 16.17 7.07 2019 47,496 32,353 15,143 660 250 16.64 7.23 2020 43,382 28,972 14,410 675 234 15.85 6.88 2021 42,914 32,576 10,338 695 217 11.34 4.94 2022 44,759 38,932 5,827 710 199 6.41 2.78 Stormwater Utility Revenue Bonds 2013 16,230$ 8,217$ 8,013$ 1,100$ 1,421$ 3.18 2014 17,256 12,553 4,703 1,300 1,186 1.89 2015 18,123 11,529 6,594 1,375 1,084 2.68 2016 18,360 9,537 8,823 1,455 1,079 3.48 2017 18,685 9,042 9,643 1,500 1,039 3.80 2018 18,451 7,844 10,607 1,550 991 4.17 2019 21,181 7,672 13,509 1,610 937 5.30 2020 17,947 8,052 9,895 5,535 (b)840 1.55 2021 17,084 8,579 8,505 1,360 743 4.04 2022 13,547 7,244 6,303 8,735 (c)583 0.68 (a) Maximum debt service coverage is presented for continuing disclosure on the Gas System (b) Principal payment in 2020 includes an additional principal payment in the amount of $4,205,000 on November 1, 2019 to redeem all outstanding principal on the 2014 Stormwater Revenue Refunding Bond, a direct placement bank loan. (c) Principal payment in 2022 includes an additional principal payment in the amount of $7,885,000 on November 1, 2021 to redeem all outstanding principal on the 2013 Stormwater Revenue Refunding Bond, a direct placement bank loan. Debt Service Revenue Bonds and is based upon the maximum annual debt service for outstanding bonds and parity bonds. Schedule 13 (continued) City of Clearwater, Florida Pledged-Revenue Coverage Last Ten Fiscal Years (amounts in thousands) Page 2 of 2 164 Year Population (a) Personal Income (thousands of dollars) Per Capita Personal Income (b) Median Age (c) School Enrollment (d) Unemployment Rate (e) 2013 109,065 4,757,306$ 43,619$ 46.6 14,010 6.6% 2014 109,340 5,053,913 46,222 46.9 14,160 5.9% 2015 110,679 5,333,842 48,192 47.1 14,132 5.0% 2016 112,387 5,493,252 48,878 47.4 14,000 4.7% 2017 113,723 5,845,931 51,405 47.6 13,652 3.9% 2018 115,589 6,193,027 53,578 47.8 13,207 3.3% 2019 116,585 6,528,993 56,002 48.1 12,523 2.9% 2020 118,017 6,972,208 59,078 48.4 12,013 5.7% 2021 117,800 7,767,261 65,936 * 11,897 4.3% 2022 119,208 * * * 11,735 2.5% (a) (b) (c) (d) (e) Note: * Data not available. Data is the latest published annual data available for an unspecified point in each year, not specifically September 30. Schedule 14 City of Clearwater, Florida Demographic and Economic Statistics Last Ten Fiscal Years Per capita personal income data for Pinellas County for 2013-2021 is from the Florida Office of Economic and Demographic Research. Population data for the City of Clearwater is from the University of Florida, Bureau of Economic and Business Research, published April 1st of each year. Median age data for Pinellas County for 2013-20120 is from the U.S. Census Bureau. School enrollment data for public schools located within the City of Clearwater is from the Pinellas County School District. Unemployment data for the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area for September of each year is from the Bureau of Labor Statistics. 165 Employer Employees Rank Percentage of Total County Employment Employees Rank Percentage of Total County Employment Baycare (includes all hospitals and subsidiaries) 14,300 1 2.77% Pinellas County School Board 14,000 2 2.71% 15,967 1 3.36% Publix 7,300 3 1.41% Raymond James Financial 6,000 4 1.16% 2,600 6 0.55% Pinellas County Government c 5,700 5 1.10% Walmart 4,000 6 0.77% Bay Pines VA Healthcare System 3,700 7 0.72% 4,364 2 0.92% City of St. Petersburg 3,500 8 0.68% 3,120 3 0.66% All Children's Hospital 3,300 9 0.64% 2,900 4 0.61% St. Petersburg College 2,500 10 0.48% 2,697 5 0.57% Pinellas County Sheriff 2,596 7 0.55% Morton Plant Hospital 2,550 8 0.54% Mease Hospital 2,100 9 0.44% Bayfront Medical Center 2,000 10 0.42% Home Shopping Network 2,000 10 0.42% Total Employment 516,468 474,980 a Data is for Pinellas County. City data is not available. c Includes employees in the Pinellas County Unified Personnel System and the Sheriff's Office. b Source: Florida Research and Economic Database and Pinellas County Department of Economic Development. 2022b 2013 Schedule 15 City of Clearwater, Florida Principal Employersa Current Year and Nine Years Ago 166 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Function/Program General government 290.3 282.3 281.8 287.3 295.9 298.8 301.3 301.3 301.8 307.8 Public safety: Fire 201.0 201.0 201.0 201.0 204.0 204.0 205.0 204.0 204.0 204.0 Police 364.3 364.5 364.0 362.5 367.5 373.3 373.3 374.3 375.3 375.3 Physical environment 34.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 21.0 Transportation 21.0 34.0 34.0 34.0 35.0 35.0 35.0 36.0 36.0 36.0 Economic environment 9.0 10.0 10.0 12.0 10.4 11.0 11.0 11.0 11.0 12.0 Culture and recreation: Library 73.6 73.6 74.4 81.4 82.3 85.1 84.0 84.0 83.6 83.3 Parks & Rec 197.2 202.5 204.6 209.7 219.0 241.4 240.9 240.9 243.4 245.4 Water & Sewer Utility 167.0 176.0 184.0 187.0 188.0 196.0 196.0 196.0 196.0 196.0 Gas Utility 83.0 83.0 87.0 92.0 104.0 110.0 110.0 110.0 110.0 110.0 Solid Waste Utility 112.2 111.5 111.5 111.5 111.5 111.5 111.5 111.5 111.5 112.5 Stormwater Utility 50.0 49.0 49.0 52.0 52.0 52.0 52.0 52.0 52.0 52.0 Recycling 22.3 22.0 22.0 22.0 22.0 22.0 22.0 22.0 22.0 21.0 Marine 23.0 24.6 24.6 27.7 28.3 18.6 18.9 18.9 15.6 15.6 Clearwater Harbor Marina 5.6 5.6 5.6 6.7 6.7 6.7 6.3 6.5 8.8 8.8 Aviation 1.4 1.4 1.4 1.4 1.4 1.4 1.6 1.6 2.6 2.6 Parking System 30.6 33.7 33.7 35.8 41.3 44.8 44.8 45.6 45.4 45.4 Total 1,685.5 1,695.7 1,709.6 1,745.0 1,790.3 1,832.6 1,834.6 1,836.6 1,840.0 1,848.7 Source: City of Clearwater Office of Management and Budget Schedule 16 City of Clearwater, Florida Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years 167 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Function/ProgramGeneral government: Planning Commercial building permits issued 2,065 1,988 1,854 1,706 1,757 1,902 2,425 1,931 1,886 1,939 Residential building permits issued 4,985 5,756 6,546 6,987 9,134 8,702 8,856 8,536 9,141 9,096 Public safety: Police Average officer training hours 83 85 120 115 150 194 170 82 121145 Total volunteer training hours 412 286 246 1034 58 679 209 144 34 107 Fire Percentage of fire responses under 7.5 minutes 91% 93% 93% 91% 89% 89% 89% 82% 79% 82%Physical environment Square feet of sidewalks repaired/constructed 28,036 23,651 35,611 36,694 48,075 39,335 41,268 33,658 28,250 20,843 Transportation Miles of roadway resurfaced 0 8.2 0 15.89 6.2 16.88 17.66 12 11.4 2.47 Economic environment Code enforcement cases brought to compliance 4,905 4,431 4,458 4,736 4,771 4,642 4,561 5,187 4,947 3,733 Human services City employees that mentor in area schools 20 6 5 16 13 17 20 0 19 9 Culture and recreation: Library system Library visits 836,919 600,148 636,006 562,387 522,014 582,315 625,411 389,063 280,977 372,527 Circulation 1,099,988 1,019,984 987,430 869,469 891,597 857,232 865,987 742,493 694,440 692,288 Parks and recreation Recreation center visitations 719,393 517,378 696,094 714,657 689,750 708,562 718,261 386,282 307,880 498,551 Athletic program visitations 1,108,644 989,570 1,066,767 1,093,090 1,104,126 916,355 1,054,200 859,860 877,982 978,996 Water and Sewer Utility:Water customers 43,500 43,704 44,236 44,743 45,275 45,486 45,587 45,760 46,087 46,203 Volume of water pumped (million gallons/day) 11.0 12.1 12.1 11.7 11.9 11.4 11.2 11.9 11.7 11.9 Sewer customers 33,405 33,564 33,390 33,763 33,947 34,111 34,183 34,442 34,654 34,712 Miles of sewers cleaned 229 197 172 160 251 161 109 138 136 94 Gas Utility:Number of customers 20,313 20,719 21,277 21,973 23,031 24,620 26,438 28,243 30,001 31,548 Solid Waste Utility:Solid waste tonnage collected and disposed 116,830 113,218 117,214 124,917 123,425 122,890 127,008 118,461 124,233 122,566 Stormwater Utility:Number of equivalent residential units 98,195 100,629 101,663 102,798 103,742 104,105 104,621 105,161 105,581 105,589 Recycling Utility:Marketable tons recycled 8,143 11,716 12,079 13,467 13,438 11,503 4,169 3,275 3,843 3,623 * Note: No operating indicators are available for marine, aviation, parking and Clearwater Harbor Marina functions.Schedule 17City of Clearwater, FloridaOperating Indicators by Function/ProgramLast Ten Fiscal Years168 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Function/Program Public safety: Fire Stations 88888 8 8 8 8 8 Police Stations 66777 6 6 6 6 6 Transportation: Paved streets (miles)316 320 321 322 322 324 327 327 324 329 Culture and recreation: Library system Volumes in collection (thousands)581 582 564 519 528 469 473 439 428 455 Parks and recreation Parks acreage 1427 1453 1455 1457 1457 1457 1457 1457 1875 1875 Recreational paths (miles)16 18 22 22 22 22 22 22 19 19 Playgrounds 27 27 27 27 26 26 26 26 27 27 Baseball and softball fields 34 32 32 32 32 32 32 32 34 34 Soccer and football fields 18 20 20 20 21 21 21 21 18 16 Recreation centers 55555 6 6 6 6 6 Water & Sewer Utility : Water mains (miles) 590.2 596.97 588.57 587.75 584.6 582.63 586.14 595.72 586.42 587.69 Sanitary sewer mains (miles) 363.81 364.24 364.27 368.98 370.2 370.0 370.44 372.14 372.15 372.3 Daily treatment capacity (millions of gallons)28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.5 28.5 Gas Utility : Gas mains (miles)849 862 884 908 930 965 994 1,021 1,056 1,075 Stormwater Utility: Stormwater mains (miles)150.17 151.41 152.63 153.74 153.99 154.59 154.12 155.47 156.49 157.55 Marine: Boat slips 189 189 189 189 189 189 190 198 198 198 Clearwater Harbor Marina: Boat slips 126 126 126 126 126 126 126 127 127 127 Aviation: Airpark spaces 177 177 177 177 177 177 177 174 174 174 Parking system: Parking spaces 2319 2232 2312 2302 2345 2462 3073 3108 3004 2580 a a Reduction in spaces due to closure of lots 10 and 11, as well as the sale of spaces in the North Beach Parking Garage. Sources: Various city departments Note: No capital asset indicators are available for the general government, physical environment, economic environment human services, solid waste and recycling functions Schedule 18 City of Clearwater, Florida Capital Asset Statistics by Function/Program Last Ten Fiscal Years 169 170 This Page Intentionally Left Blank 171 Other Information 172 Page 1 of 5 City of Clearwater, Florida Continuing Disclosure – Gas System Revenue Bonds Series 2013 and 2014 The System: Rates, Fees and Charges Clearwater Gas System (CGS) is not subject to regulation by any State agency in establishing or revising its rates. The rate structure for customers receiving firm natural gas service consists of three distinct groups of charges: (1) the Purchased Gas Adjustment (PGA) rate; (2) rate riders including the Energy Conservation Adjustment (ECA), the Usage and Inflation Adjustment (UIA), and the regulatory imposition adjustment (RIA); and (3) the base rates. The PGA rate is the mechanism by which CGS recovers the cost of natural has it purchases and distributes to its customers. The ECA is designed to recover costs associated with energy conservation and demand management. The UIA is designed to mitigate operational and financial risk associated with fluctuations in demand and inflationary cost increases. The RIA is designed to recover the cost of regulatory imposed programs. The base rates (customer and commodity charges) effectively recover all other costs of distributing natural gas to customers. The current rate structure in effect at September 30, 2022 is based on a Natural Gas Rate Study completed in December 2020, and was adopted by Ordinance 9433-21 to be effective for all gas bills and services rendered on or after March 1, 2021. The Residential Customer Charge was increased by $2 per month effective March 1, 2021 and then an additional $2 per month effective March 1, 2022. The Commercial Non-Fuel energy charge decreased by $0.04 per therm effective March 1, 2021. These changes were not revenue neutral in the first year and reduced reserve levels by approximately $559,000; however, reserves are projected to remain above the minimum 180-day reserve requirement throughout the five-year forecast period included in the rate study. Where competitive fuel sources or transportation service are available to the customer, the City Council has authorized the City Manager to enter into contract gas service rates at special rates and/or conditions as required to obtain/retain the customer load. Such contract service must meet the normal construction feasibility formula to insure profitable payback to CGS. In addition to the above rate changes, all customers served under contract rates as of February 28, 2021 were allowed to remain on their existing contracts until the next expiration date, at which time the contract was automatically discontinued and the customer was moved to the applicable standard rate unless a new contract was executed. This resulted in a reduction of contract customers from 181 (impacting 6.0% of revenues) at September 30, 2021 to 34 (impacting 1.0% of revenues) as of September 30, 2022. CLEARWATER GAS SYSTEMNATURAL GAS RATE BILLING FACTORSFOR JULY 1, 2022 - SEPTEMBER 30, 2022 BASED ON APPROVED GAS ADJUSTMENT FACTORSInterr. Contract Firm Natural Gas Rate Schedules NG RateNG Rate RS SMF MMF LMF SGS MGS LGS RAC GAC LAC SL SL w/M& NGV NSS IS CNS Relight(Non-Resl) (Non-Resl)Applicable Annual Therm Range NA (1 - NA (4 + NA (4 + NA (4 + 0 - 18,000- 100,000 NA (1 - NA (0 - NA (150 NA NA NA NA 100,000 NA or Other Rate Determinant 3 Units) Units) Units) Units) 17,999 99,999 & up 3 Units) 149 tons) tons & +)& upMonthly Customer Charge $16.00 $25.00 $40.00 $95.00 $25.00 $40.00 $95.00 Rate Rate Rate $20.00 $20.00 By Contract $50.00 $250.00 By Contract(For Central Pasco Territory) ($24.00) ($40.00) ($70.00) ($160.00) ($40.00) ($70.00) ($160.00) Suspended Suspended Suspended ($30.00) ($30.00) (By Contract) ($75.00) ($400.00) (By Contract)Reserved for Reserved for Reserved forNon-Fuel Energy Charge/ThermFuture Use Future Use Future UseNon-Fuel Energy Charge $0.44 $0.44 $0.44 $0.44 $0.38 $0.34 $0.30 NA NA NA$0.20 $0.35 By Contract $0.38 $0.24 By ContractEnergy Conservation Adj. (ECA) 0.16 0.16 0.16 0.16 0.16 0.16 0.16 NA NA NANANANA NANA NARegulatory Imposition Adj. (RIA) 0.01 0.01 0.01 0.01 0.01 0.01 0.01 NA NA NANANANA NANA NAUsage & Inflation Adj. (UIA)-0.01-0.01-0.01-0.010.050.050.05NANANANANANANANANATotal Non-Fuel Energy Charge$0.60 $0.60 $0.60 $0.60 $0.60 $0.56 $0.52NA NA NA$0.20 $0.35By Contract$0.38 $0.24By ContractPurchased Gas Adjustment (PGA)0.930.930.930.930.930.930.93NANANA0.930.93By Contract0.930.840.84Total Energy Charge/Therm1.53 1.53 1.53 1.53 1.53 1.49 1.45NA NA NA1.13 1.28By Contract1.31 1.08 0.84+ Non-FuelMinimum Monthly Bill $16.00 $25.00 $40.00 $95.00 $25.00 $40.00 $95.00 NA NA NA $20.00 $20.00 By Contract $50.00 $250.00 Customer(For Central Pasco Territory) ($24.00) ($40.00) ($70.00) ($160.00) ($40.00) ($70.00) ($160.00) ($30.00) ($30.00) (By Contract) ($75.00) ($400.00) Charge ++ FAC + FAC + FAC + FAC + Non-Fuel Therm Non-Fuel ThermRate for Contract Rate for Contract# of Therms # of ThermsCompares to LP/Gallon Rate of 1.40$ 1.40$ 1.40$ 1.40$ 1.40$ 1.36$ 1.33$ NA NA NA1.03$ 1.17$ NA 1.20$ 0.99$ with 6.0% Franchise1.48$ 1.48$ 1.48$ 1.48$ 1.48$ 1.45$ 1.41$ NA NA NA1.10$ 1.24$ NA 1.27$ 1.05$ Utility Tax Note:Fuel Rate per Therm 10/01/1973 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 $0.069 NA NA NA $0.069 $0.069 $0.069 $0.069 $0.055 $0.069Non-Utility Taxable Fuel/Therm $0.861 $0.861 $0.861 $0.861 $0.861 $0.861 $0.861 NA NA NA $0.861 $0.861 ($0.069) $0.861 $0.785 $0.771BTU FACTOR = THERMS/100 CUBIC FEET (CCF)10/202111/202112/202101/202202/202203/202204/202205/202206/202207/202208/202209/2022FY 21/22 Avg. Firm Service Rates 1.045 1.046 1.046 1.044 1.045 1.045 1.043 1.041 1.0411.0421.0438Interruptible Service Rates 1.025 1.025 1.025 1.024 1.024 1.024 1.022 1.021 1.02 1.0211.0231173 City of Clearwater, Florida Continuing Disclosure - Gas System Revenue Bonds Page 2 of 5 Series 2013 and 2014__________________________________________________________ Page 3 of 5 Table 1 Breakdown of Transportation Capacity Phase II (FTS-1) Phase III (FTS-2) Total MMBtu Per Day MMBtu Per Day MMBtu Contract Period 2/01/17 - 1/31/27 2/1/14 - 2/28/25 Per Day October 170,438 41,788 212,226 Nov-Mar 1,543,069 268,931 1,812,000 April 216,570 53,430 270,000 May-Sept 711,756 206,244 918,000 Total Annual 2,641,833 570,393 3,212,226 The two natural gas transmission companies that serve within the State of Florida are Florida Gas Transmission (FGT) and Gulfstream. Currently FGT is the sole provider of transportation service to the City. Florida Gas Transmission is a natural gas pipeline which brings gas from Texas, Louisiana, Mississippi, and Alabama into Florida. The pipeline is owned 50% by Energy Transfer Partners (Owner/Operator) and 50% by Kinder Morgan Partnership, each respectively representing units in Citrus Corporation. The City joined Florida Gas Utility (FGU) in October 2000 by Resolution 00-35. FGU is responsible for the purchase & management of the City's natural gas supply. An updated All Requirements Gas Service Agreement, which was approved by Resolution 02-02 in January 2002, required the City to purchase 100% of its supply through FGU. FGU was formed through an Interlocal Agreement among its members. The Interlocal Agreement became effective on September 1, 1989 and consisted of five municipal utilities. Over the next several years, additional electric and gas distribution utilities joined FGU, bringing its current membership to 25. In addition, the City has entered into a Gas Supply & Transportation Agreement with Peoples Gas System (PGS), dated 12/02/04, to purchase natural gas to serve customers located in our Central Pasco territory, generally east of the Suncoast Parkway in Pasco County. The City received a letter from FGU Council, dated 8/31/04, granting the City permission to utilize TECO Peoples Gas as a third party gas supplier since FGU is unable and unwilling to provide gas to the City within the meaning of the provisions of Section 3 (a)(i) and (ii) of the All Requirements Gas Service Agreement between the City and FGU. The City has two Firm Transportation Service agreements (FTS-1 & FTS-2) with FGT in order to deliver natural gas to the City's four gate stations. FGU is currently managing the City's Phase II (FTS-1) and Phase III (FTS-2) transportation capacity on a daily basis. Table 1 shows the breakdown of the City's annual gas supply entitlements with FGT. The total annual entitlement is 3,212,226 decatherms of natural gas transportation. City of Clearwater, Florida Continuing Disclosure - Gas System Revenue Bonds Series 2013 and 2014 GAS SUPPLY On August 1, 1990, the Federal Energy Regulatory Commission (FERC) deregulated the natural gas pipeline industry. This allows other natural gas suppliers and local distribution companies, like the City of Clearwater, to transport gas over the Florida Gas Transmission (FGT) pipelines as opposed to purchasing natural gas supply from only FGT. 174 175 Page 4 of 5 City of Clearwater, Florida Continuing Disclosure – Gas System Revenue Bonds Series 2013 and 2014 Service Area The Clearwater Gas System (CGS) is owned and operated as an enterprise utility by the City of Clearwater. CGS operates over 1,075 miles of underground gas main and handles the supply and distribution of both natural and propane (LP) gas throughout northern Pinellas County and western Pasco County. As a “full service” gas utility, CGS provides gas appliance sales, installation of inside customer gas piping, domestic and commercial gas equipment service, construction and maintenance of underground gas mains and service lines, and 24-hour response to any gas emergency within the service area. The Florida Public Service Commission and the Federal Department of Transportation regulate CGS for safety. CGS has been serving customers in the Clearwater area for nearly 100 years (since 1924) when operations began with a manufactured gas plant operation from coal and coke. In 1959, when natural gas transmission lines were finally extended to the Florida peninsula, CGS discontinued manufacturing gas and began receiving piped natural gas from Florida Gas Transmission. Clearwater Gas System serves over 31,000 customers in a 330 square mile service territory, which includes 20 municipalities as well as the unincorporated areas of northern Pinellas County and western Pasco County. The Pinellas County service territory is 158 square miles and extends generally from Ulmerton and Walsingham Roads on the south to the Pasco County line on the north and from the Gulf of Mexico on the West to the Hillsborough County line on the east. This includes all of the Pinellas beach communities south to Redington Beach. The Pasco County service territory is 172 square miles and extends from the Gulf of Mexico on the West inland about 20 miles to just east of State Road 41 and Land O’ Lakes and from the Pinellas and Hillsborough County lines on the South to generally State Road 52 on the north. The CGS service territory extends 42.3 miles from the southwestern-most to the northwestern-most points. Clearwater Gas System prides itself in being a competitive and public service-minded utility, providing safe, economical and environmentally-friendly gas, which is made in America, available in our communities for all of the homes and businesses in our service area, with special focus on the residential customers who make up over 91% of our customer base. Page 5 of 5 City of Clearwater, Florida Continuing Disclosure - Gas System Revenue Bonds Series 2013 and 2014 Location Meters Percentage Belleair 616 2.09% Belleair Beach 278 0.94% Belleair Bluffs 54 0.18% Belleair Shores 33 0.11% Clearwater 7,700 26.08% Dunedin 1,650 5.59% Indian Rocks Beach 223 0.76% Indian Shores 160 0.54% Largo 1,202 4.07% Madeira Beach 1 0.00% New Port Richey 81 0.27% North Redington Beach 93 0.32% Oldsmar 163 0.55% Port Richey 17 0.06% Redington Beach 241 0.82% Redington Shores 110 0.37% Safety Harbor 760 2.57% Tarpon Springs 1,644 5.57% Unincorporated Areas Pasco 6,861 23.24% Central Pasco 4,037 13.68% Unincorporated Areas Pinellas 3,597 12.18% Total 29,521 100.00% Peak Monthly % of Gross Customer Name Therms Revenues New Port Richey Hospital Inc 76,445.9 2.11% Ajax Paving Industries 163,078.3 1.67% MI Meats 75,225.1 1.62% Mease Hospital 102,474.8 1.60% Morton Plant Hospital 91,521.0 1.55% Average No. Gas Gas Customers Volume Sales Interruptible (including CNG Station) 20 29.80% 15.10% Residential 26,911 19.38% 33.08% Commercial (excluding CNG Station) 2,585 50.82% 51.82% Therms Revenues Interruptible (including CNG Station) 7,894,269.2 5,732,743$ Residential 5,132,442.4 12,558,415 Commercial (excluding CNG Station) 13,459,900.7 19,672,643 Totals 26,486,612.3 37,963,801$ As of September 30, 2022 the System's active natural gas customers were located as shown in the following table: The following table shows the five largest interruptible customers by peak monthly consumption and the percent of the System's revenues derived from such customers during the 12 months ending September 30, 2022: The following table shows the breakdown of the System's customers by category as well as the volume of gas sold and the sales revenues generated by each category for the year ended September 30, 2022: 176 177 Page 1 of 3 City of Clearwater, Florida Continuing Disclosure – Water and Sewer Revenue Refunding Bonds Series 2017, 2017B and 2020 Historical Financial Information Water System: Source and Volume of Water Pumped (in million gallons per day, averaged over the fiscal year) FY City Wells County Total 2018 6.4 5.0 11.4 2019 6.9 4.3 11.2 2020 7.7 4.2 11.9 2021 6.7 5.0 11.7 2022 6.8 5.1 11.9 Historical Growth in Number of Water Customers (all figures are as of September of the year indicated) Potable Reclaimed Total Water Water Water Service Service Service FY Customers Customers Customers 2018 37,773 7,713 45,486 2019 37,848 7,739 45,587 2020 37,951 7,809 45,760 2021 38,244 7,843 46,087 2022 38,320 7,883 46,203 Ten Largest Water Customers Fiscal Year Ending September 30, 2022 Water Used Revenues Name of User (in 100 Cubic Feet) Produced 1. CITY OF CLEARWATER 83,874 1,385,041$ 2. CHURCH OF SCIENTOLOGY 139,280 1,191,853 3. MORTON PLANT HOSPITAL 109,998 1,155,964 4. INFINITY THE STANDARD 88,121 798,582 5. PINELLAS COUNTY SCHOOLS 39,853 525,197 6. THE SANDPEARL RESORT 48,635 374,199 7. PINELLAS COUNTY GOVERNMENT 17,594 320,364 8. CLEARWATER ACQUISITIONS I 36,157 296,291 9. K&P CLEARWATER ESTATE (Wyndham) 28,172 277,763 10. SPT WAH WELLINGTON, LLC 33,117 263,112 624,801 6,588,366$ Reclaimed Water System: Average Daily Flow Year MGD 2018 5.5 2019 5.7 2020 6.1 2021 5.5 2022 5.8 178 Page 2 of 3 City of Clearwater, Florida Continuing Disclosure – Water and Sewer Revenue Refunding Bonds Series 2017, 2017B and 2020 Sewer System: Average Sewage Flow and Historical Growth in Number of Sewer Customers (as of September of the year indicated) Sewer Year Flow in MGD Customers 2018 12.5 34,111 2019 12.8 34,183 2020 12.7 34,442 2021 12.2 34,654 2022 12.0 34,712 Ten Largest Sewer Customers Fiscal Year Ending September 30, 2022 Sewer Used Revenues Name of User (in 100 Cubic Feet) Produced 1. MORTON PLANT HOSPITAL 88,424 1,024,760$ 2. CHURCH OF SCIENTOLOGY 103,100 920,820 3. CITY OF CLEARWATER 36,110 801,005 4. INFINITY THE STANDARD 88,121 758,017 5. PINELLAS COUNTY SCHOOLS 38,109 634,316 6. THE SANDPEARL RESORT 48,635 418,356 7. CLEARWATER ACQUISITIONS I 36,157 331,528 8. CP CLEARWATER, LLC (Hilton) 33,380 290,498 9. K&P CLEARWATER ESTATE (Wyndham) 28,172 289,138 10. CCRC-REGENCY OAKS 29,998 286,796 530,206 5,755,234$ Rates, Fees and Charges The City uses a three-tiered rate structure for water and sewer usage. The base rate for water includes a minimum usage for residential and nonresidential water rates. Any usage over the minimum is billed at one rate per 1,000 gallons up to a designated level and at a second rate for usage over that level. For irrigation, there is a base rate, with no usage allowance, and a charge per 1,000 gallons of water usage up to a designated level and a higher charge for usage over that amount. The sewer base rate includes a minimum usage and a fixed charge per 1,000 gallons of water usage over the basic allowance. The minimum usage and second and third tier usage levels vary with the size of the meters. For fiscal year 2022 there were no changes to the three-tiered rate structure for water or sewer usage. 179 Page 3 of 3 City of Clearwater, Florida Continuing Disclosure – Water and Sewer Revenue Refunding Bonds Series 2017, 2017B and 2020 Residential and October 1, October 1, October 1, October 1, October 1, Nonresidential Water Rates 2018 2019 2020 2021 2022 Minimum - Under 1 inch 22.29$ 23.16$ 24.09$ 25.05$ 25.80$ 1 inch 52.01 54.04 56.21 58.45 60.20 1.5 inch 743.00 772.00 803.00 835.00 860.00 2 inch 1,731.19 1,798.76 1,870.99 1,945.55 2,003.80 3 or 2 inch manifold 2,667.37 2,771.48 2,882.77 2,997.65 3,087.40 4 inch 5,134.13 5,334.52 5,548.73 5,769.85 5,942.60 6 inch 13,188.25 13,703.00 14,253.25 14,821.25 15,265.00 8 inch 22,290.00 23,160.00 24,090.00 25,050.00 25,800.00 Additional charges are assessed for usage in excess of designated minimums. Size of Meter Rates for Irrigation October 1, October 1, October 1, October 1, October 1, (Lawn) Meters 2018 2019 2020 2021 2022 Minimum - Under 1 inch 7.94$ 8.26$ 8.59$ 8.94$ 9.21$ 1 inch 23.85 24.80 25.79 26.82 27.62 1.5 inch 119.31 124.08 129.04 134.20 138.23 2 inch 334.06 347.43 361.32 375.78 387.05 3 or 2 inch manifold 660.15 686.56 714.02 742.58 764.86 4 inch 1,272.60 1,323.50 1,376.44 1,431.50 1,474.45 6 inch 3,841.65 3,995.32 4,155.13 4,321.34 4,450.98 Size of Meter October 1, October 1, October 1, October 1, October 1, Sewer Rates 2018 2019 2020 2021 2022 Minimum - Under 1 inch 30.66$ 31.89$ 33.18$ 34.50$ 35.55$ 1 inch 71.54 74.41 77.42 80.50 82.95 1.5 inch 1,022.00 1,063.00 1,106.00 1,150.00 1,185.00 2 inch 2,381.26 2,476.79 2,576.98 2,679.50 2,761.05 3 or 2 inch manifold 3,668.98 3,816.17 3,970.54 4,128.50 4,254.15 4 inch 7,062.02 7,345.33 7,642.46 7,946.50 8,188.35 6 inch 18,140.50 18,868.25 19,631.50 20,412.50 21,033.75 8 inch 30,660.00 31,890.00 33,180.00 34,500.00 3,555.00 Per 1,000 gallons of water used over the allowed minimum 10.22 10.63 11.06 11.50 11.85 Size of Meter Additional Indebtedness No additional indebtedness was incurred for capital improvements to the water and sewer systems, or for the lease purchase of capital equipment. 180 Page 1 of 1 City of Clearwater, Florida Continuing Disclosure – Stormwater System Revenue Refunding Bonds Series 2012 Rates, Fees, and Charges The City uses a measurement of one equivalent residential unit or ERU as the basis for the stormwater management utility fee. The rates per ERU from the inception of the utility are as follows: Effective Date Rate per ERU Effective Date Rate per ERU January 1, 1991 $3.00 October 1, 2010 $12.51 October 1, 1998 4.00 October 1, 2011 13.04 October 1, 1999 4.17 October 1, 2012 13.40 October 1, 2000 4.35 October 1, 2013 13.77 October 1, 2001 4.54 October 1, 2014 14.15 January 1, 2002 6.13 October 1, 2015 14.33 October 1, 2002 7.16 October 1, 2016 14.51 October 1, 2003 8.01 October 1, 2017 14.58 October 1, 2004 8.65 October 1, 2018 14.65 October 1, 2005 9.35 October 1, 2019 13.40 October 1, 2006 9.71 October 1, 2020 13.40 October 1, 2007 10.51 October 1, 2021 13.40 October 1, 2008 11.14 October 1, 2022 13.64 October 1, 2009 11.80 Single-family homes, multifamily units, condominium units, apartments and mobile homes are rated as one ERU per dwelling unit. Nonresidential property is charged at the rate of 1,830 square feet of impervious area per ERU. HISTORICAL NET REVENUES 2018 2019 2020 2021 2022 Net Operating Revenues (Excluding Depreciation) 10,611,921$ 11,721,958$ 9,090,521$ 8,669,978$ 10,056,468$ Interest Income and other Non-operating Revenues (Expenses) (4,642) 1,786,699 804,165 (164,421) (3,753,234) Total Net Revenues 10,607,279$ 13,508,657$ 9,894,686$ 8,505,557$ 6,303,234$ Maximum Annual Debt Service 2,568,762$ 2,568,762$ 2,175,028$ 2,175,028$ 1,375,312$ Coverage 4.13 5.26 4.55 3.91 4.58 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2018 2019 2020 2021 2022 Taxes Electric Utility Taxes (Public Service Tax) 10,994,831$ 11,895,320$ 12,423,810$ 12,712,884$ 13,177,949$ Water Utility Taxes (Public Service Tax) 3,700,869 3,754,315 4,000,713 4,246,078 4,497,067 Gas/Propane Utility Taxes (Public Service Tax) 848,460 799,213 741,067 786,621 792,079 Communications Services Taxes 4,721,390 4,370,997 4,368,536 4,174,817 4,190,145 Local Business Tax 1,956,325 2,077,054 2,027,827 2,127,380 2,066,475 Local Option Gas Tax (1)1,536,462 1,526,214 1,381,690 1,438,852 1,460,864 Intergovernmental Revenues Infrastructure Sales Surtax(2)11,669,871 12,277,473 12,087,548 14,296,517 16,585,888 Half-Cent Sales Tax 7,344,964 7,561,298 7,223,098 8,545,241 9,581,538 State Revenue Sharing 3,826,043 3,968,913 3,694,083 4,274,388 5,339,006 County Fire Protection Tax(3)1,796,985 2,204,826 1,982,071 2,347,737 2,485,600 County EMS Tax(4)5,888,844 5,466,073 6,385,390 6,920,226 6,549,680 Other Intergovernmental(5)4,614,249 2,008,240 1,999,853 2,059,830 2,361,645 Permits and Fees Electric Franchise Fees 9,392,489 9,994,490 9,723,086 9,792,097 10,165,857 Gas Franchise Fees 599,775 648,251 588,685 563,190 621,152 Other Licenses and Permits 3,747,850 3,995,469 4,439,432 5,264,834 6,418,933 Charges for Services General Governmental 10,451,703 9,911,353 10,130,574 10,658,514 10,090,583 Public Safety 510,577 431,472 477,087 545,259 554,372 Physical Environment 66,168 59,738 25,157 45,825 36,930 Transportation 181,453 160,537 93,970 169,080 65,196 Culture and Recreation 4,705,496 5,532,353 3,508,054 4,241,205 5,600,062 Other Enterprise Fund Transfers(6)9,885,613 10,902,995 11,877,105 11,471,726 10,163,054 Rents and Leases 1,787,725 2,045,244 1,721,918 2,048,323 2,538,288 Fines and Forfeitures 1,724,608 1,881,613 1,479,026 1,688,182 1,607,344 Miscellaneous 827,660 4,538,757 2,174,890 604,175 (8,618,050) (8) Total Sources of Non-Ad Valorem Revenues(7)102,780,410$ 108,012,207$ 104,554,669$ 111,022,981$ 108,331,657$ Source: City of Clearwater, Florida (1) (2) (3) (4) (5) (6) (7) (8) Page 1 of 2 The County Emergency Medical Services ("EMS") Tax funds are revenues from the County that are reimbursed to the City for provision of EMS services to the unincorporated areas within the designated Clearwater Fire District. County EMS Tax funds are restricted legally for such purposes and may not be used to pay debt service on the Series 2022 Bonds. Revenues derived from the Local Option Gas Tax may only be used for transportation operations and maintenance. As such, local option gas tax funds are not available to pay debt service on the Series 2022 Bonds. A portion of Infrastructure Sales Surtax funds are restricted legallyorby City Council policy to be used for specific capital improvement projects, and thus may only be used with respect to certain capital projects after a special public hearing is held. Thus, a special public hearing would be required for the City's Infrastructure Sales Surtax Revenues to be available to pay debt service on the Series 2022 Bonds. The current Infrastructure Sales Surtax will expire on December 31, 2029, which is prior to the expiration of the Series 2022 Bonds. The County Fire Protection Tax funds are revenues from the County that are reimbursed to the City for provision of fire services to the unincorporated areas within the designated Clearwater Fire District. County Fire Protection Tax funds are restricted legally for such purposes and may not be used to pay debt service on the Series 2022 Bonds. City of Clearwater, Florida Continuing Disclosure - Non-Ad Valorem Revenue Bonds, Series 2022 Historical Non-Ad Valorem Revenues Other Intergovernmental Revenues are derived from a number of sources including Florida Department of Transportation reimbursements for traffic signals and street lighting, mobile home licenses, alcoholic beverage licenses, firefighters' supplemental compensation, rebates on municipal vehicle fuel, the Pinellas Library Cooperative, County traffic signal reimbursements, and other reimbursements from the County for the use of Fire and EMS vehicles in the Clearwater Fire District. The Enterprise Fund Transfers revenue include the total amount of transfers from each enterprise fund (with the exception of the Gas Fund) to the General Fund calculated at 5.5% of gross revenues in the prior fiscal year; the annual dividend transferred from the Gas Fund to the General Fund; and net parking fine revenues transferred from the Parking enterprise fund to the General Fund. May not add due to rounding. Negative miscellaneous revenues for fiscal year 2022 are due to a significant unrealized investment loss at 9/30/2022 due to a significant increase in interest rates. 181 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2018 2019 2020 2021 2022 Revenues Total Governmental Funds: Property taxes 50,710$ 64,050$ (1)68,522$ 73,096$ 76,856$ Sales taxes 11,670 12,278 12,087 14,296 16,586 Utility taxes 15,544 16,449 17,166 17,746 18,467 Communications services taxes 4,721 4,371 4,368 4,175 4,190 Other taxes 3,493 3,603 3,409 3,566 3,527 Franchise fees 9,992 10,643 10,312 10,355 10,787 Licenses, permits, and fees 3,748 3,995 4,439 5,265 6,419 Intergovernmental revenues 34,277 34,770 29,730 36,442 56,637 Charges for services 17,381 17,719 15,461 17,106 18,265 Fines and forfeitures 2,165 2,605 2,321 2,308 2,387 Investment earnings 194 5,292 (2)2,963 (387) (3)(18,025) (3) Miscellaneous 4,499 4,289 3,592 3,185 4,034 Total Revenues 158,394 180,064 174,370 187,153 200,130 Expenditures Total Governmental Funds: Current: General government 17,250 17,521 12,648 13,248 14,514 Public safety 74,486 74,164 78,002 81,172 87,269 Physical environment 4,403 3,488 3,938 3,644 4,003 Transportation 9,629 9,956 8,453 8,427 14,019 Economic environment 4,106 4,831 6,602 4,711 4,758 Human services 490 594 634 595 728 Culture and recreation 43,030 40,080 34,971 35,218 38,899 Debt service: Principal 1,271 1,486 1,508 1,617 1,347 Interest and issuance costs 380 348 308 260 704 Capital outlay: 8,921 12,068 15,916 19,029 51,822 (4) Total Expenditures 163,966 164,536 162,980 167,921 218,063 Excess (deficiency) of revenues over (under) expenditures (5,572) 15,528 11,390 19,232 (17,933) Other Financing Sources (Uses) Total Governmental Funds: Transfers in 49,202 45,697 47,307 45,071 103,139 Transfers out (43,895) (40,396) (42,979) (40,354) (102,302) Proceeds from sale of capital assets - 1,545 1,746 537 634 Proceeds from lease obligations - - - - 755 Other long term debt issued 1,677 - 964 - 31,226 (5) Total other financing sources (uses) 6,984 6,846 7,038 5,254 33,452 Net Change in Fund Balances 1,412 22,374 18,428 24,486 15,519 Debt service as a percentage of noncapital expenditures 1.1% 1.2% 1.2% 1.3% 1.2% Source: City of Clearwater, Florida Annual Comprehensive Financial Report for the Fiscal Year Ended September 30, 2022. (1) (2) (3) (4) (5) Page 2 of 2 City of Clearwater, Florida Changes in Fund Balances of Governmental Funds The increase in 2019 investment earnings was due to an unrealized gain in market value as of September 30, 2019, as well as an increase in the average balance of cash and investments. The increase in 2019 property taxes was due to an increase in the millage rate from 5.155 to 5.955 mills, as well as an increase in property values. The decreases in 2021 and 2022 investment earnings was primarily due to unrealized losses in market value at September 30, 2021 and September 30, 2022, caused by increases in interest rates. Continuing Disclosure - Non-Ad Valorem Revenue Bonds, Series 2022 (modified accrual basis of accounting, in thousands of dollars) The large increase in other long term debt issued for fiscal year 2022 was due to issuance of the Series 2022 Non-ad Valorem revenue bonds. The increase in capital outlay expenditures in 2022 was primarily due to expenditures for the Imagine Clearwater waterfront park and amphitheater project. 182 183 City of Clearwater, Florida Fire Services Program Pursuant to agreements between the City of Clearwater, the Pinellas County Fire Authority and the Pinellas County Emergency Medical Services Authority, the City has provided fire and emergency medical services to the respective authorities. With respect to fire services, the services are provided for the benefit of properties located outside the corporate limits of the City, but within a designated service area. Emergency medical services are provided for the benefit of persons residing both inside and outside the corporate limits of the City, based on the Authority's nearest unit dispatch policy. With respect to the Fire Services Program, a budget was prepared by Fire Department personnel covering proposed expenditures for fiscal year ending September 30, 2022, for the Fire Department as a whole. Since the funding for the Emergency Medical Services Program is based on the level fixed in prior years, the Fire Services Program budget is essentially the residual obtained by deducting the approved level of funding for the Emergency Medical Services Program from the budgeted amounts included in the total Fire Department budget. This budget was submitted to, and duly approved by, the relevant Authority prior to the commencement of the fiscal year. Income received from Pinellas County Fire Protection Authority and valid program expenditures for the Fire Services Program for the fiscal year ended September 30, 2022 are summarized below. Total Revenue Received from Pinellas County Fire Protection Authority 2,485,600$ Total Fire Service Expenditures for Fiscal Year Ended September 30, 2022 2,647,916$ The Fire Service Program does not currently utilize an equipment reserve. Amount Amount Received Expended in the in the Total 2014-15 2021-22 Amount Source Fiscal Year Fiscal Year Expended British Petroleum: Agreement No. Not Applicable $6,480,352 $143,434 6,480,352$ City of Clearwater, Florida Schedule of Receipts and Expenditures of Funds Related to the Deepwater Horizon Oil Spill For the Fiscal Year Ended September 30, 2022 Note: This does not include funds related to the Deepwater Horizon Oil Spill that are considered Federal awards or State financial assistance. The City did not receive funds that were considered Federal funds or State financial assistance related to the Deepwater Horizon Oil Spill. 184 185 Single Audit / Grants Compliance INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Honorable Mayor and City Council Members City of Clearwater, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the City of Clearwater, Florida (the “City”), as of and for the year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements and have issued our report thereon dated April 28, 2023. We have also audited the financial statements of each of the City’s nonmajor governmental funds, nonmajor enterprise funds, internal service funds, and fiduciary funds presented as supplementary information in the accompanying combining and individual fund statements as of and for the year ended September 30, 2022, as listed in the table of contents. Report on Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, suchthat there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We identified certain deficiencies in internal control, described in the accompanying schedule of findings and questioned costs as item 2022-001 that we consider to be significant deficiencies. Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. 186 However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. City of Clearwater, Florida’s Response to Findings Government Auditing Standards requires the auditor to perform limited procedures on the City of Clearwater, Florida’s response to the findings identified in our audit and described in the accompanying schedule of findings and questioned costs. The City of Clearwater, Florida’s response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response. Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. CARR, RIGGS & INGRAM, LLC Clearwater, Florida April 28, 2023 187 INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM AND ON EACH MAJOR STATE PROJECT ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE AND CHAPTER 10.550, RULES OF THE AUDITOR GENERAL To the Honorable Mayor and City Council Members City of Clearwater, Florida Report on Compliance for Each Major Federal Programand State Project Opinion on Each Major Federal Program and State Project We have audited the City of Clearwater, Florida’s (the “City”) compliance with the types of compliance requirements described in the OMB Compliance Supplement and the requirements described in the State of Florida Department of Financial Services’ State Projects Compliance Supplement that could have a direct and material effect on each of City’s major federal programs and state projects for the year ended September 30, 2022. The City’s major federal programs and state projects are identified in the summary of auditors’ results section of the accompanying schedule of findings and questioned costs. In our opinion, the City of Clearwater complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs and state projects for the year ended September 30, 2022. Basis for Opinion on Each Major Federal Program and State Project We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); and Chapter 10.550, Rules of the Auditor General,Florida Single Audit Act Audits – Local Governmental Entity Audits. Our responsibilities under those standards and the Uniform Guidance and Chapter 10.550, Rules of the Auditor General, are further described in the Auditors’ Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program and state project. Our audit does not provide a legal determination of City’s compliance with the compliance requirements referred to above. Responsibilities of Management for Compliance Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to City’s federal programs and state projects. 188 Auditors’ Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards, Government Auditing Standards, the Uniform Guidance and Chapter 10.550, Rules of the Auditor General, will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about City’s compliance with the requirements of each major federal program and state project as a whole. In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, the Uniform Guidance, and Chapter 10.550, Rules of the Auditor General, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. Obtain an understanding of City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance and Chapter 10.550, Rules of the Auditor General, but not for the purpose of expressing an opinion on the effectiveness of City’s internal control over compliance. Accordingly, no such opinion is expressed. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Report on Internal Control over Compliance A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program or state project on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program or state project will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program or state project that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the Auditors’ Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified. 189 Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance and Chapter 10.550, Rules of the Auditor General. Accordingly, this report is not suitable for any other purpose. CARR, RIGGS & INGRAM, LLC Clearwater, Florida April 28, 2023 190 Federal Grantor / Assistance Federal Pass‐through Grantor / Listing Number Share of Transfers to Program Title ALN Grant I.D. Number Expenditures Subrecipients FEDERAL AWARDS U.S. Department of Housing and Urban Development: Community Development Block Grant ‐ Entitlement ‐ 2017 14.218 B‐17‐MC‐12‐0002 2,274 ‐ Community Development Block Grant ‐ Entitlement ‐ 2018 14.218 B‐18‐MC‐12‐0002 119,476 92,537 Community Development Block Grant ‐ Entitlement ‐ 2019 14.218 B‐19‐MC‐12‐0002 428,591 266,419 COVID 19 ‐ Community Development Block Grant ‐ Entitlement ‐ 2020 14.218 B‐20‐MW‐12‐0002 137,421 90,812 Community Development Block Grant ‐ Entitlement ‐ 2020 14.218 B‐20‐MC‐12‐0002 480,027 470,806 Neighborhood Stabilization Program 3 14.218 Program Income 6,952 6,952 Total Community Development Block Grants/Entitlement Grants Cluster 1,174,741 927,526 Home Investment Partnerships Program 14.239 M‐19‐MC‐12‐0230 45,225 ‐ Home Investment Partnerships Program 14.239 M‐21‐MP‐12‐0230 12,342 ‐ Home Investment Partnerships Program 14.239 Program Income 214,842 7,500 Total Home Investment Partnerships Program 272,409 7,500 Total U.S. Department of Housing and Urban Development 1,447,150 935,026 U.S. Department of Justice: Passed through Florida Department of Law Enforcement Edward Byrne Memorial Justice Assistance Grant Program 16.738 15BJA‐21‐GG‐01369‐JAGX 27,900 ‐ Equitable Sharing Program 16.922 FL0520300 135,622 ‐ Total U.S. Department of Justice 163,522 ‐ U.S. Department of Transportation: Passed through Florida Dept of Transportation:Highway Planning and Construction Cluster 20.205 G1X15 42,560 ‐ Total U.S. Department of Transportation 42,560 ‐ U.S Department of Treasury: COVID 19 ‐ Coronavirus State and Local Fiscal Recovery Funds 21.027 ARPA 22,483,893 ‐ Total U.S. Department of Treasury 22,483,893 ‐ Total Expenditures of Federal Awards 24,137,125 935,026 City of Clearwater, Florida Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2022 191 State Grantor / State Pass‐through Grantor / CSFA Share of Transfers to Program Title Number Grant I.D. Number Expenditures Subrecipients STATE REWARDS Florida Housing Finance Corporation: State Housing Initiative Partnership Program (SHIP) 40.901 N/A 1,352,749 ‐ Total Florida Housing Finance Corporation 1,352,749 ‐ Florida Department of Transportation: Aviation Grant Program ‐ Replace Hangar "C" 55.004 FPN: 435222‐1‐94‐01 Contract Number G0Y92 271,487 ‐ Aviation Grant Program ‐ (Security System Upgrade) 55.004 FPN: 438512‐1‐94‐01Contract Number:G1K66 45,324 ‐ Total Florida Department of Transportation 316,811 ‐ Florida Department of Economic Opportunity: Economic Development Partnerships 40.040 N/A 500,004 ‐ Total Florida Department of Economic Opportunity 500,004 ‐ Florida Department of Law Enforcement: Assistance with Investigative Operations 71.010 Z4011 228 ‐ Total Federal Department of Law Enforcement 228 ‐ Total Expenditures of State Financial Assistance 2,169,792 ‐ Total Expenditures of Federal Awards and State Financial Assistance 26,306,917 935,026 192 193 City of Clearwater, Florida Notes to Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2022 NOTE 1 – Basis of Presentation (a) Reporting Entity The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance Projects (“Schedule”) presents the activity of all federal financial and state grant activity projects of the City of Clearwater, Florida (the “City”). Federal and state financial assistance received directly from federal and state agencies, and federal financial assistance passed through other governmental agencies are included on the schedules. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.550. (b) Disaster Grants – Public Assistance (Presidentially Declared Disaster) (97.036) After a Presidentially Declared Disaster, the Federal Emergency Management Agency (FEMA) provides a Public Assistance Grant to reimburse eligible costs associated with emergency response, debris removal, and eligible costs associated with repair, replacement, or restoration of disaster- damaged facilities. The Federal Government reimburses in the form of cost-shared grants. During fiscal 2022, FEMA approved $0 of eligible expenditures that were incurred in prior years and included in the Schedule. NOTE 2 – Basis of Accounting The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance Projects is presented using the modified accrual or accrual basis of accounting, depending on the type of fund in which the grant is recorded, as described in Note I.C. to the City’s basic financial statements. NOTE 3 – ALN/CSFA Numbers ALN numbers represent Assistance Living Numbers and apply only to federal awards. CSFA numbers represent Catalog of State Financial Assistance and apply only to state financial assistance. NOTE 4 – Subrecipients Of the federal and state expenditures presented in the Schedule, the City provided federal and state awards to subrecipients as follows: Federal ALN/ Amount Provided Program Title State CFSA To Subrecipients U.S. HUD Community Development Block Grant 14.218 $927,526 U.S. HUD Home Investment Partnerships Program 14.239 $ 7,500 194 City of Clearwater, Florida Notes to Schedule of Expenditures of Federal Awards and State Financial Assistance Projects For the Year Ended September 30, 2022 NOTE 5 – Loans Outstanding The current year additions related to the loans are included in the Schedule of Expenditures of Federal Awards and State Financial Assistance Projects. The City had the following loan balances outstanding, net of $11,766,586 allowance for uncollectable accounts, at September 30, 2022: 14.218 Community Development Block Grant $ 841,331 14.239 Home Investment Partnership Program 1,725,283 40.901 State Housing Initiative Partnership 2,147,588 $ 4,714,202 NOTE 6 – Indirect Cost Rate The City did not utilize the 10% de minimis indirect cost rates for reimbursement of grant expenditures for the fiscal year ended September 30, 2022. SECTION I – SUMMARY OF AUDITORS’ RESULTS Financial Statements: 1. Type of auditors’ report issued Unmodified 2. Internal control over financial reporting: a. Material weaknesses identified?None b. Significant deficiencies identified not considered to be material weaknesses?Yes c. Noncompliance material to the financial statements noted?None Federal Awards: 1. Type of auditors’ report issued on compliance for major programs Unmodified 2. Internal control over major programs: a. Material weaknesses identified?None b. Significant deficiencies identified not considered to be material weaknesses? None noted 3. Any audit findings disclosed that are required to be reported in accordance with 2CFR section 200.516(a)?None 4. Identification of major programs: Assistance Listing Number Program 21.027 COVID-19 Coronavirus State and Local Fiscal Recovery Funds 5. Dollar threshold used to distinguish between type A and type B programs: $750,000 6. Auditee qualified as low-risk auditee under 2 CFR 200.520?No State Awards: 1. Type of auditors’ report issued on compliance for major programs Unmodified 2. Internal control over major programs: a. Material weaknesses identified?None b. Significant deficiencies identified not considered to be material weaknesses? None noted 3. Any audit findings disclosed that are required to be reported in accordance with Rule 10.554(1)(l)(4)?None 4. Identification of major projects: CSFA Number Project 40.901 State Housing Initiatives Partnership Program 5. Dollar threshold used to distinguish between type A and type B programs: $650,938 195 SECTION II – FINANCIAL STATEMENT FINDINGS Significant Deficiency Finding Number: 2022-001 Financial Reporting Criteria:The City is required to record transactions in accordance with generally accepted accounting principles. Condition:The carrying amount of liabilities for estimated unpaid claims was overstated in the financial statements. Cause:The City did not appropriately record the carrying amount of liabilities for estimated unpaid claims at present value in the financial statements in accordance with generally accepted accounting principles. Effect:A correcting adjustment was recorded in the amount of $741,185 to discount the estimated claim liability at year-end to present value. Recommendation:The City should review accounting policies and processes to ensure transactions are recorded in accordance with generally accepted accounting principles. Response:See attached Corrective Action Plan. SECTION III – FEDERAL AWARD FINDINGS None noted. SECTION IV – SUMMARY OF PRIOR YEAR AUDIT FINDINGS No prior year audit findings. 196 Corrective Action Plan for the City of Clearwater, Florida for Fiscal Year 2022 The Corrective Action Plan, indicating the parties responsible for implementation, is presented as follows: Finding Number: 2022-001 – Significant Deficiency Corrective Action Plan: Management will document a procedure by which the Assistant Finance Director will prepare the accrual adjustment, to be reviewed and approved by the Finance Director in writing. Responsible Party: Jay Ravins, Finance Director Anticipated Date of Completion: May 1, 2023 197 MANAGEMENT LETTER To the Honorable Mayor and City Council Members City of Clearwater, Florida Report on the Financial Statements We have audited the financial statements of the City of Clearwater, Florida (the "City"), as of and for the fiscal year ended September 30, 2022, and have issued our report thereon dated April 28, 2023. Auditors’ Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter 10.550, Rules of the Auditor General. Other Reporting Requirements We have issued our Independent Auditors’ Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards, Independent Auditors’ Report on Compliance for Each Major Federal Program and State Project and Report on Internal Control over Compliance; Schedule of Findings and Questioned Costs; and Independent Accountants’ Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports and schedule, which are dated April 28, 2023, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. Corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. Financial Condition and Management Sections 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the City met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the City did not meet any of the conditions described in Section 218.503(1), Florida Statutes. 198 Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management’s responsibility to monitor the City’s financial condition, and our financial condition assessment was based in part on representations made by management and review of financial information provided by same. Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we identified a significant deficiency related to an adjustment to discount the estimated claim liability at year-end to present value. Additionally, we identified a control deficiency related to an understatement of tax revenue during the year for communications services tax revenue. We recommend that management continue to improve the fiscal year-end closing process for recording transactions in accordance with generally accepted accounting principles. Additional Matters Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties. CARR, RIGGS & INGRAM, LLC Clearwater, Florida April 28, 2023 199 INDEPENDENT ACCOUNTANTS’ REPORT ON COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES To the Honorable Mayor and City Council Members City of Clearwater, Florida We have examined City of Clearwater, Florida’s, (the “City”), compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2022. Management is responsible for the City’s compliance with the requirements. Our responsibility is to express an opinion on the City’s compliance with the specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the City complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the City complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement. Our examination does not provide a legal determination on the City’s compliance with specified requirements. In our opinion, the City complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2022. This report is intended solely for the information and use of management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties. CARR, RIGGS & INGRAM, LLC Clearwater, Florida April 28, 2023 200 CITY OF CLEARWATER, FLORIDA AUDIT PRESENTATION FOR YEAR ENDED SEPTEMBER 30, 2022 JUNE 12, 2023 2 •Independent Auditors’ Report on basic financial statements –Unmodified opinion •Government Auditing Standards Report –Finding 2022-001 was reported as a significant deficiency over financial reporting related to the carrying amount of liabilities for estimated unpaid claims being overstated in the financial statements. As a result, a correcting adjustment was recorded in the amount of $741,175 to discount the estimated claim liability at year-end to present value. •Single Audit Report –No findings –Federal and State programs audited – Coronavirus State and Local Fiscal Recovery Funds (Federal) and State Housing Initiatives Partnership Program (State) AUDITORS’ REPORTS AND LETTER 3 •Management Letter –Finding 2022-001 was reported as a significant deficiency over financial reporting related to the carrying amount of liabilities for estimated unpaid claims being overstated in the financial statements. –CRI identified a control deficiency related to an understatement of tax revenue during the year for communications services tax revenue. •Local Government Investment Policies Report –No significant issues noted AUDITORS’ REPORTS AND LETTER, cont. 4 •Two audit adjustments were proposed and/or recorded by the City as a result of our audit procedures. –A decrease in claims payable of $741,000 to reflect the discounted liability. –An increase in Communication Service Taxes of $366,000 related to the month of September 2022 revenue. •GASB 87 was implemented during FY 22, our opinion was not modified with respect to the change in the accounting principle. AUDIT RESULTS 5 •Significant accounting policies –No significant changes to accounting policies, policies are described in Note 1 of the financial statements •Accounting estimates –Receivables allowance, fair value of investments, risk management accruals, pension and OPEB plans, and estimated useful lives of capital assets •Significant difficulties encountered in the audit –No significant difficulties in dealing with management •Disagreements with management –No disagreements arose during the course of the audit •Other findings or issues –None noted •Corrected and uncorrected misstatements –None noted •Issues discussed with management prior to retention –None noted •Internal control deficiencies –None noted other than previously reported OTHER COMMUNICATIONS 6 QUESTIONS? Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9687-23 9688-23 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: Office of Management & Budget Agenda Number: 4.1 SUBJECT/RECOMMENDATION: Amend the City’s fiscal year 2022/23 operating and capital improvement budgets at mid-year and pass Ordinances 9687-23 and 9688-23 on first reading. SUMMARY: The fiscal year 2022/23 operating and capital improvement budgets were adopted in October 2022 by ordinances 9615-22 and 9616-22. Section 2.521 of the City’s Code of Ordinances requires the City Manager to prepare a quarterly report detailing income, expenditure estimates, collections, the explanation of significant variances, as well as the financial status of all capital improvement projects. Page 1 City of Clearwater Printed on 6/8/2023 Mid-Year Budget Review Fiscal Year 2022-23 Memorandum TO: Mayor and City Council FROM: Jennifer Poirrier, City Manager COPIES: Michael Delk, Assistant City Manager SUBJECT: Mid-year budget review - amended City Manager's annual budget report DATE: May 24, 2023 Attached is the mid-year budget review in accordance with the City Code of Ordinances. This report is based on the six months of activity in the current fiscal year (October 2022 through March 2023). Contained within are comments on major variances and documentation of all proposed amendments. Significant Fund amendments are outlined below: General Fund General Fund revenue and expenditure amendments reflect a net increase of $779,120. The General Fund expenditure increase at mid-year represents Council approved appropriations of General Fund reserves which total $779,120. Amendments include $610,620 to fund grand opening events at Coachman Park, and $168,500 to fund The Sound acoustic study. General Fund Reserves – In order to ensure adequate reserves, the City Council’s policy reflects that General Fund unappropriated fund reserves of 8.5% of the City’s budgeted General Fund expenditures must be maintained as a reserve to guard against future emergencies. Estimated General Fund reserves at mid-year are approximately $57.2 million, or 31.1% of the current year’s General Fund expenditure budget, exceeding our minimum reserve requirement by $41.6 million. Significant amendments to other city operating funds are noted as follows: Solid Waste and Recycling Fund Amendments to Solid Waste and Recycling Fund expenditures reflect the council approved increase of $400,000 to provide for increased single stream recycling costs. Budgeted revenues are sufficient to cover this increase. Mid-Year Budget Review Fiscal Year 2022-23 Airpark Fund Amendments to Airpark Fund expenditure reflect the council approved increase of $367,000. This represents agreements with Florida Department of Transportation (FDOT) to fund the purchase of a golf cart and project funding for paving at the Airpark. Amendments to Airpark revenues are amended to allocate reserves for required cash match. Capital Improvement Program Mid-year amendments to the capital improvement program reflect a net increase of $1,087,961. Amendments previously approved by Council include an increase of $140,000 in insurance reimbursement revenues in the Garage – Off Cycle Replacement project; an increase of $1,750,000 in grant revenues from FDOT and Airpark revenues in the Apron Relayment project; and an increase of $300,000 in grant revenues from FDOT and reimbursement revenues in the Aviation Operations Center project. Project activity not previously approved by the Council is summarized on page 18. Significant amendments include a decrease in lease purchase revenue of $25,354 in the Underground Refuse Project; a decrease of $1,135,548 in grant revenue from the Southwest Florida Water Management District (SWFWMD) in the Groundwater Replenishment Facility project; and an increase of $22,031 of insurance reimbursements in the Traffic Safety Infrastructure project. Special Program Fund The Special Program Fund reflects a net budget increase of $2,570,355 at mid-year. Significant amendments include an increase of $610,620 in General Fund revenues to fund opening events at Coachman Park; $168,500 in General Fund revenues to fund The Sound acoustic study, $99,419, in public safety grant revenues for Federal Forfeiture Sharing and agency assistance; $343,167 in contractual service revenue for police extra duty; $1,185,780 in donation revenues to support Police and Library programs; $3,400 in foreclosure registry fees collected; $85,098 in fines and court proceeds for public safety programs, and the tree replacement program; $33,993 in special events revenues; and $35,879 transferred between existing police programs. CITY OF CLEARWATER CITY OF CLEARWATER MID-YEAR SUMMARY THIRD QUARTER SUMMARY 2022/23 2022/23 FY 22/23 First Variance % Adopted Quarter Mid Year YTD Actual vs.YTD vs.Mid Year Amended Description Budget Amended Actual Amend Budget Budget Adjustment Budget General Fund: Revenues 183,629,760 183,640,630 122,499,872 61,140,758 67%779,120 184,419,750 Expenditures 183,629,760 183,640,630 99,101,297 84,539,333 54%779,120 184,419,750 Utility Funds: Water & Sewer Fund Revenues 106,880,100 106,880,100 53,669,605 53,210,495 50%- 106,880,100 Expenditures 100,828,010 100,828,010 67,329,254 33,498,756 67%- 100,828,010 Stormwater Fund Revenues 17,714,840 17,714,840 9,216,618 8,498,222 52%- 17,714,840 Expenditures 16,791,710 16,791,710 11,827,237 4,964,473 70%- 16,791,710 Gas Fund Revenues 59,832,340 59,832,340 27,581,005 32,251,335 46%- 59,832,340 Expenditures 59,832,340 59,832,340 31,937,841 27,894,499 53%- 59,832,340 Solid Waste and Recycling Fund Revenues 30,381,600 30,381,600 16,751,894 13,629,706 55%- 30,381,600 Expenditures 28,437,980 28,737,980 12,512,967 16,225,013 44%400,000 29,137,980 Enterprise Funds: Marine Fund Revenues 7,038,640 7,038,640 3,324,387 3,714,253 47%- 7,038,640 Expenditures 7,038,640 7,038,640 3,936,139 3,102,501 56%- 7,038,640 Airpark Fund Revenues 406,990 406,990 182,446 224,544 45%367,000 773,990 Expenditures 406,990 406,990 238,709 168,281 59%367,000 773,990 Clearwater Harbor Marina Fund Revenues 1,003,610 1,003,610 520,433 483,177 52%- 1,003,610 Expenditures 1,003,610 1,003,610 560,774 442,836 56%- 1,003,610 Parking Fund Revenues 18,867,130 18,867,130 5,418,679 13,448,451 29%- 18,867,130 Expenditures 18,867,130 18,867,130 14,635,789 4,231,341 78%- 18,867,130 Internal Service Funds: General Services Fund Revenues 6,498,650 6,498,650 3,370,560 3,128,090 52%- 6,498,650 Expenditures 6,462,980 6,462,980 2,802,916 3,660,064 43%- 6,462,980 Administrative Services Revenues 16,150,270 16,150,270 7,942,605 8,207,665 49%- 16,150,270 Expenditures 16,069,230 16,069,230 7,929,703 8,139,527 49%- 16,069,230 Garage Fund Revenues 19,533,130 19,533,130 9,348,382 10,184,748 48%- 19,533,130 Expenditures 19,470,400 19,470,400 6,927,216 12,543,184 36%- 19,470,400 Central Insurance Fund Revenues 35,753,700 35,753,700 18,452,658 17,301,042 52%- 35,753,700 Expenditures 35,752,330 35,752,330 14,663,086 21,089,244 41%- 35,752,330 1 MID-YEAR REVIEW AMENDED CITY MANAGER'S FISCAL YEAR 2022-23 REPORT PAGE # General Fund Operating Budget ..................................................................................................... 3 Utility Funds Operating Budget ...................................................................................................... 6 Other Enterprise Funds Operating Budgets ................................................................................. 10 Internal Service Funds Operating Budgets ................................................................................... 14 Capital Improvement Program Budget ........................................................................................ 18 Special Program Fund Budget ....................................................................................................... 28 Special Development Fund ........................................................................................................... 33 Administrative Change Orders ...................................................................................................... 36 Ordinances ..................................................................................................................................... 37 The amended 2022/23 operating budget, presented by operating fund and/or department, is submitted for the City Council review. The actual and projected data contained in this review represents six months, October 1, 2022, through March 31, 2023. The adjustments, however, represent all data available at the time of the report, including action taken by the City Council after March 31, 2023. Definitions associated with the operating funds information is presented as follows: Definitions: Adopted Budget - The budget as adopted by the City Council on October 6, 2022. Variance YTD Actual vs. Adopted Budget - Difference between year to date actual and adopted budget. % YTD vs. Budget - Percentage of adopted budget expended, year to date. Proposed Amendments - Adjustments that have been approved by the City Council, made at the Manager’s discretion, and/or adjustments proposed based on this quarter’s review. Amended Budget - Adding the Original Budget and Adjustments. 2 Capital Improvement Program The amended 2022/23 Capital Improvement Projects budget report is submitted for the City Council review. This review provides the opportunity to analyze the status of all active projects and present formal amendments to the project budget. The Capital Improvement Program and Special Program fund information is presented as follows: Definitions: Budget - The budget as of October 1, 2022, which includes project budgets from prior years, which have not been completed. Amendment - Amendments which have been approved by the City Council, made at the Manager's discretion, and/or adjustments proposed based on this quarter’s review. Revised Budget - Adding the Budget and Amendment columns. Encumbrance - Outstanding contract or purchase order commitment. Available Balance - Difference between revised budget and expenditure, plus encumbrance. Status - C - project is completed Amend Ref - Reference number for description of amendment. Increase/ (Decrease)Description - At mid-year,approximately 94%of property tax revenue has been received.As projected,most property tax payments are made within the first six months of the fiscal year. No amendment is proposed at this time. - Mid-year fine revenues are approximately 35%of total. This is primarily due to the timing of receipts,no amendments are proposed at this time. - Mid-year miscellaneous revenues are approximately 97% of total.This is primarily due better than anticipated revenues for events and interest earnings,no amendments are proposed at this time. Mid-year amendments reflect the appropriation of $779,120.00 from General Fund retained earnings. Amendments include the following allocations: 610,620 1)An appropriation of $610,620.00 from fund reserves to establish special program PRSE230001,Special Events at Coachman Park.Amendments include:An appropriation of $482,000.00 to provide funding for the various events associated with the grand opening of Coachman Park,as approved by the Council on March 16,2023,and an appropriation of $128,620.00 to provide funding for the public safety costs associated with the grand opening of Coachman Park,as approved by the Council on May 4, 2023. 168,500 2)An appropriation of $168,500.00 from fund reserves to establish special program P2301,The Sound Acoustic Study, as approved by the Council on May 18, 2023. 779,120 779,120 City of Clearwater General Fund Revenues Mid Year Amendments FY 2022/23 Ad Valorem Taxes Judgments, Fines & Forfeitures Transfer (to) from Surplus Net General Fund Revenue Amendment Net Transfer (to) from Retained Earnings Miscellaneous Transfer (to) from Surplus 3 Increase/ (Decrease)Description 8,000 At mid-year,City Council expenditures reflect a transfer of $8,000.00 from Office of Innovation to payment to agencies to fund the partnership and support grant agreement with the Clearwater Historical Society,as approved by the Council on March 16, 2023. (8,000) At mid-year,Office of Innovation expenditures reflect a transfer of $8,000.00 from salary savings to City Council to fund the partnership and support grant agreement with the Clearwater Historical Society,as approved by the Council on March 16, 2023. - Mid-year amendments to Police Department expenditures reflect a net zero amendment transferring $4,500.00 of salary savings to special program P2101,Mental Health Co-Responder Team to provide the remaining funding for this fiscal year,as approved by the Council on April 20, 2023. At mid-year,Non-Departmental expenditures reflect 77%of total budget resulting from transfers occurring in the first period of the year. Amendments reflect City Council approved interfund transfers to special programs as follows: 482,000 1) A transfer of $482,000.00 to special program PRSE230001, Special Events at Coachman Park, as approved by the Council on March 16, 2023. 128,620 2) A transfer of $128,620.00 to special program PRSE230001, Special Events at Coachman Park, as approved by the Council on May 4, 2023. 168,500 3) A transfer of $168,500.00 to special program P2301, The Sound Acoustic Study, as approved by the Council on May 18, 2023. 779,120 779,120 City of Clearwater General Fund Expenditures Mid Year Amendments FY 2022/23 City Council Police Net General Fund Expenditure Office of Innovation Non-Departmental 4 2022/23 Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Amended Bud Budget Amendment Budget General Fund Revenues Ad Valorem Taxes 80,964,710 76,083,458 4,881,252 94%- 80,964,710 Utility Taxes 17,890,000 7,556,409 10,333,591 42%- 17,890,000 Local Option, Fuel and Other Taxes 6,430,000 3,861,999 2,568,001 60%- 6,430,000 Franchise Fees 11,000,000 4,539,425 6,460,575 41%- 11,000,000 Other Permits & Fees 3,908,500 2,271,753 1,636,747 58%- 3,908,500 Intergovernmental 28,768,720 11,143,457 17,625,263 39%- 28,768,720 Charges for Services 17,218,270 8,398,155 8,820,115 49%- 17,218,270 Judgments, Fines and Forfeitures 1,439,000 503,699 935,301 35%- 1,439,000 Miscellaneous Revenues 3,512,758 3,403,041 109,717 97%- 3,512,758 Transfers In 12,497,802 4,738,475 7,759,327 38%- 12,497,802 Total Revenues 183,629,760 122,499,872 61,129,888 67%- 183,629,760 Transfer (to) from Surplus 10,870 10,870 779,120 789,990 Adjusted Revenues 183,640,630 122,499,872 61,140,758 67%779,120 184,419,750 General Fund Expenditures City Council 525,486 269,432 256,054 51%- 525,486 City Manager's Office 1,032,745 613,098 419,647 59%- 1,032,745 City Attorney's Office 2,560,279 1,054,544 1,505,735 41%- 2,560,279 City Audit 372,930 130,524 242,406 35%- 372,930 City Clerk 1,274,878 538,844 736,034 42%- 1,274,878 CRA Administration 691,422 339,597 351,825 49%- 691,422 Economic Development and Housing 1,954,501 999,521 954,980 51%- 1,954,501 Finance 2,938,832 1,397,611 1,541,221 48%- 2,938,832 Fire 33,798,143 17,751,793 16,046,350 53%- 33,798,143 Human Resources 2,233,506 902,986 1,330,520 40%- 2,233,506 Library 9,445,675 4,957,535 4,488,140 52%- 9,445,675 Non-Departmental 11,697,226 9,047,197 2,650,029 77%779,120 12,476,346 Office of Innovation 899,534 356,637 542,897 40%- 899,534 Parks & Recreation 39,337,937 22,444,326 16,893,611 57%- 39,337,937 Planning & Development 7,605,355 3,543,634 4,061,721 47%- 7,605,355 Police 53,505,918 28,493,268 25,012,650 53%- 53,505,918 Public Communications 1,573,275 690,722 882,553 44%- 1,573,275 Public Utilities 412,520 205,609 206,911 50%- 412,520 Public Works 11,780,468 5,364,419 6,416,049 46%- 11,780,468 Total Expenditures 183,640,630 99,101,297 84,539,333 54%779,120 184,419,750 For the Six Month Period of October 1, 2022- March 31, 2023 GENERAL FUND MID-YEAR REVIEW 5 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget WATER & SEWER FUND Water & Sewer Revenues: Charges for Service 103,669,490 51,785,364 51,884,126 50%- 103,669,490 Judgments, Fines and Forfeits 271,000 141,171 129,829 52%- 271,000 Miscellaneous 2,939,610 1,743,071 1,196,539 59%- 2,939,610 Transfers In - - - ~- - Fund Equity - - - ~- - Total Revenues 106,880,100 53,669,605 53,210,495 50%- 106,880,100 Water & Sewer Expenditures: Public Utilities Administration 3,137,339 1,305,500 1,831,839 42%- 3,137,339 Wastewater Collection 13,624,801 10,860,993 2,763,808 80%- 13,624,801 Public Utilities Maintenance 8,225,723 5,015,271 3,210,452 61%- 8,225,723 WPC / Plant Operations 26,602,163 18,045,053 8,557,110 68%- 26,602,163 WPC / Laboratory Operations 611,067 267,448 343,619 44%- 611,067 WPC / Industrial Pretreatment 999,062 477,670 521,392 48%- 999,062 Water Distribution 19,485,328 12,881,743 6,603,585 66%- 19,485,328 Water Supply 23,124,370 15,193,650 7,930,720 66%- 23,124,370 Reclaimed Water 5,018,157 3,281,927 1,736,230 65%- 5,018,157 Total Expenditures 100,828,010 67,329,254 33,498,756 67%- 100,828,010 Increase/ (Decrease)Amendment Description: Water and Sewer Fund Revenues:- Water and Sewer Fund Expenditures:- No amendments are proposed to Water and Sewer Fund expenditures at mid-year.Expenditures reflect 67%of total budget due to transfers to the capital fund which happen in the first period of the year. UTILITY FUNDS MID-YEAR REVIEW For the Six Month Period of October 1, 2022 to March 31, 2023 At mid-year, anticipated revenues of the Water and Sewer Fund exceed anticipated expenditures by $6,052,090 for fiscal year 2022/23. No amendments are proposed to Water and Sewer Fund revenues at mid-year. 6 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget UTILITY FUNDS MID-YEAR REVIEW For the Six Month Period of October 1, 2022 to March 31, 2023 STORMWATER FUND Stormwater Revenues: Charges for Service 17,340,280 8,797,043 8,543,237 51%- 17,340,280 Judgments, Fines and Forfeits 73,000 23,079 49,921 32%- 73,000 Miscellaneous 301,560 396,496 (94,936) 131%- 301,560 Transfers In - - - ~- - Fund Equity - - - ~- - Total Revenues 17,714,840 9,216,618 8,498,222 52%- 17,714,840 Stormwater Expenditures: Stormwater Management 10,773,256 9,236,263 1,536,993 86%- 10,773,256 Stormwater Maintenance 6,018,454 2,590,974 3,427,480 43%- 6,018,454 Total Expenditures 16,791,710 11,827,237 4,964,473 70%- 16,791,710 Increase/ (Decrease)Amendment Description: Stormwater Fund Revenues:- Stormwater Fund Expenditures:- No amendments are proposed to Stormwater Fund revenues at mid-year. No amendments are proposed to Stormwater Fund expenditures at mid-year.Expenditures reflect 70%of total budget due to transfers to the capital fund which happen in the first period of the year. At mid-year, anticipated revenues of the Stormwater Fund exceed anticipated expenditures by $923,130 for fiscal year 2022/23. 7 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget UTILITY FUNDS MID-YEAR REVIEW For the Six Month Period of October 1, 2022 to March 31, 2023 GAS FUND Gas Revenues: Charges for Service 55,595,170 27,274,241 28,320,929 49%- 55,595,170 Judgments, Fines and Forfeits 100,000 43,847 56,153 44%- 100,000 Miscellaneous 321,370 262,917 58,453 82%- 321,370 Transfers In - - - ~- - Fund Equity 3,815,800 - 3,815,800 0%- 3,815,800 Total Revenues 59,832,340 27,581,005 32,251,335 46%- 59,832,340 Gas Expenditures: Administration & Supply 29,734,623 11,869,165 17,865,458 40%- 29,734,623 Pinellas Gas Operations 14,305,023 9,565,981 4,739,042 67%- 14,305,023 Pasco Gas Operations 6,677,081 3,498,813 3,178,268 52%- 6,677,081 Marketing & Sales 9,115,613 7,003,882 2,111,731 77%- 9,115,613 Total Expenditures 59,832,340 31,937,841 27,894,499 53%- 59,832,340 Increase/ (Decrease)Amendment Description: Gas Fund Revenues:- Gas Fund Expenditures:- At mid-year, anticipated revenues of the Gas Fund equal anticipated expenditures for fiscal year 2022/23. No amendments are proposed to Gas Fund revenues at mid- year. No amendments are proposed to Gas Fund expenditures at mid-year. 8 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget UTILITY FUNDS MID-YEAR REVIEW For the Six Month Period of October 1, 2022 to March 31, 2023 SOLID WASTE AND RECYCLING FUND Solid Waste Revenues: Other Permits and Fees 1,000 5,412 (4,412) 541%- 1,000 Charges for Service 26,874,695 14,647,054 12,227,641 55%- 26,874,695 Judgments, Fines and Forfeits 95,000 36,253 58,747 38%- 95,000 Miscellaneous 625,000 590,961 34,039 95%- 625,000 Transfers In - - - ~- - Solid Waste Revenues 27,595,695 15,279,680 12,316,015 55%- 27,595,695 Recycling Revenues: Other Permits and Fees 350 - 350 0%- 350 Intergovernmental - - - ~- - Charges for Service 2,557,274 1,379,884 1,177,390 54%- 2,557,274 Judgments, Fines and Forfeits 8,000 3,353 4,647 42%- 8,000 Miscellaneous 220,281 88,976 131,305 40%- 220,281 Transfers In - - - ~- - Recycling Revenues 2,785,905 1,472,214 1,313,691 53%- 2,785,905 Fund Equity - - - ~- - Total Revenues 30,381,600 16,751,894 13,629,706 55%- 30,381,600 Solid Waste Expenditures: Collection 20,030,254 8,783,570 11,246,684 44%- 20,030,254 Transfer 2,467,042 980,342 1,486,700 40%- 2,467,042 Container Maintenance 958,445 446,208 512,237 47%- 958,445 Administration 1,362,394 680,080 682,314 50%- 1,362,394 Solid Waste Expenditures 24,818,135 10,890,200 13,927,935 44%- 24,818,135 Recycling Expenditures: Residential 1,670,431 635,117 1,035,314 38%- 1,670,431 Multi-Family 430,139 203,367 226,772 47%- 430,139 Commercial 1,819,275 784,283 1,034,992 43%400,000 2,219,275 Recycling Expenditures 3,919,845 1,622,767 2,297,078 41%400,000 4,319,845 Total Expenditures 28,737,980 12,512,967 16,225,013 44%400,000 29,137,980 Increase/ (Decrease)Amendment Description: Solid Waste and Recycling Fund Revenues:- Solid Waste and Recycling Fund Expenditures:400,000 No amendments are proposed to Solid Waste and Recycling Fund revenues at mid-year. At mid-year,amendments to Solid Waste and Recycling Fund expenditures reflect an increase of $400,000.00 to contractual services to provide additional funding for recycling of single stream materials,as approved by the Council on May 18,2023.Sufficient revenues are budgeted to offset this increase in expenditures. At mid-year, anticipated revenues of the Solid Waste and Recycling Fund exceed anticipated expenditures by $1,243,620 for fiscal year 2022/23. 9 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget MARINE FUND Marine Revenues: Intergovernmental - - - ~- - Charges for Service 6,399,710 3,104,894 3,294,816 49%- 6,399,710 Judgments, Fines and Forfeits 3,200 200 3,000 6%- 3,200 Miscellaneous Revenue 149,000 219,293 (70,293) 147%- 149,000 Transfers In - - - ~- - Fund Equity 486,730 - 486,730 0%- 486,730 Total Revenues 7,038,640 3,324,387 3,714,253 47%- 7,038,640 Marine Expenditures: Marina Operations 7,038,640 3,936,139 3,102,501 56%- 7,038,640 Total Expenditures 7,038,640 3,936,139 3,102,501 56%- 7,038,640 Increase/ (Decrease)Amendment Description: Marine Fund Revenues:- Marine Fund Expenditures:- At mid-year, anticipated revenues of the Marine Fund equal anticipated expenditures for fiscal year 2022/23. No amendments are proposed to Marine Fund revenues at mid-year. No amendments are proposed to Marine Fund expenditures at mid-year. For the Six Month Period of October 1, 2022 - March 31, 2023 ENTERPRISE FUNDS MID-YEAR REVIEW 10 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget For the Six Month Period of October 1, 2022 - March 31, 2023 ENTERPRISE FUNDS MID-YEAR REVIEW CLEARWATER HARBOR MARINA FUND Clearwater Harbor Marina Revenues: Intergovernmental - - - ~- - Charges for Service 913,500 477,333 436,167 52%- 913,500 Judgments, Fines and Forfeits 1,000 150 850 15%- 1,000 Miscellaneous Revenue 31,500 42,950 (11,450) 136%- 31,500 Transfers In - - - ~- - Fund Equity 57,610 - 57,610 0%- 57,610 Total Revenues 1,003,610 520,433 483,177 52%- 1,003,610 Clearwater Harbor Marina Expenditures Clearwater Harbor Marina Operations 1,003,610 560,774 442,836 56%- 1,003,610 Total Expenditures 1,003,610 560,774 442,836 56%- 1,003,610 Increase/ (Decrease)Amendment Description: Clearwater Harbor Marina Fund Revenues:- Clearwater Harbor Marina Fund Expenditures:- No amendments are proposed to Clearwater Harbor Marina Fund revenues at mid-year. No amendments are proposed to Clearwater Harbor Marina Fund expenditures at mid-year. At mid-year, anticipated revenues of the Clearwater Harbor Marina Fund equal anticipated expenditures for fiscal year 2022/23. 11 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget For the Six Month Period of October 1, 2022 - March 31, 2023 ENTERPRISE FUNDS MID-YEAR REVIEW AIRPARK FUND Airpark Revenues: Intergovernmental - - - ~13,600 13,600 Charges for Service 18,000 7,984 10,016 44%- 18,000 Miscellaneous Revenue 364,000 174,463 189,537 48%- 364,000 Transfers In - - - ~- - Fund Equity 24,990 - 24,990 0%353,400 378,390 Total Revenues 406,990 182,446 224,544 45%367,000 773,990 Airpark Expenditures: Airpark Operations 406,990 238,709 168,281 59%367,000 773,990 Total Expenditures 406,990 238,709 168,281 59%367,000 773,990 Increase/ (Decrease)Amendment Description: Airpark Fund Revenues:367,000 Airpark Fund Expenditures:367,000 At mid-year, anticipated revenues of the Airpark Fund equal anticipated expenditures for fiscal year 2022/23. At mid-year,revenue amendments reflect a net increase of $367,000.00.Amendments include:1)an increase of $13,600.00 in grant revenues from FDOT,and 2)an allocation of $353,400.00 from Airpark Fund reserves to fund the Joint Participation Agreements between the City of Clearwater and FDOT as approved by the Council on May 18, 2023. At mid-year,expenditure amendments reflect a net increase of $367,000.00.Amendments include:1)an increase of $17,000.00 to contribution to garage fund to provide funding for golf cart replacement,as approved by the Council on May 18,2023,and 2)a transfer of $350,000.00 to capital project G2306,Apron Relayment,as approved by the Council on May 18, 2023. 12 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget For the Six Month Period of October 1, 2022 - March 31, 2023 ENTERPRISE FUNDS MID-YEAR REVIEW PARKING FUND Parking Revenues: Charges for Service 9,561,080 4,251,489 5,309,591 44%- 9,561,080 Judgments, Fines and Forfeits 990,000 808,193 181,807 82%- 990,000 Miscellaneous Revenue 200,000 356,437 (156,437) 178%- 200,000 Transfers In - 2,560 (2,560) ~- - Fund Equity 8,116,050 - 8,116,050 0%- 8,116,050 Total Revenues 18,867,130 5,418,679 13,448,451 29%- 18,867,130 Parking Expenditures Public Works/Parking System 16,519,523 13,500,332 3,019,191 82%- 16,519,523 Public Works/Parking Enforcement 998,737 437,432 561,305 44%- 998,737 Fire Dept/Beach Guards 1,194,937 623,608 571,329 52%- 1,194,937 M&A/Seminole Street Boat Ramp 153,933 74,417 79,516 48%- 153,933 Total Expenditures 18,867,130 14,635,789 4,231,341 78%- 18,867,130 Increase/ (Decrease)Amendment Description: Parking Fund Revenues:- Parking Fund Expenditures:- No amendments are proposed to Parking Fund revenues at mid-year. No amendments are proposed to Parking Fund expenditures at mid-year.Expenditures reflect 78%of total budget due to transfers to the capital fund which happen in the first period of the year. At mid-year, anticipated revenues of the Parking Fund equal anticipated expenditures for fiscal year 2022/23. 13 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget GENERAL SERVICES FUND General Services Revenues: Charges for Service 6,368,650 3,210,633 3,158,017 50%- 6,368,650 Miscellaneous Revenues 130,000 159,927 (29,927) 123%- 130,000 Transfers In - - - ~- - Fund Equity - - - ~- - Total Revenues 6,498,650 3,370,560 3,128,090 52%- 6,498,650 General Services Expenditures: Administration 512,198 197,241 314,957 39%- 512,198 Building & Maintenance 5,950,782 2,605,675 3,345,107 44%- 5,950,782 Total Expenditures 6,462,980 2,802,916 3,660,064 43%- 6,462,980 Increase/ (Decrease)Amendment Description: General Services Fund Revenues:- General Services Fund Expenditures:- For the Six Month Period of October 1, 2022 - March 31, 2023 INTERNAL SERVICE FUNDS MID-YEAR REVIEW At mid-year, anticipated revenues of the General Services Fund exceed anticipated expenditures by $35,670 for fiscal year 2022/23. No amendments are proposed to General Services Fund revenues at mid-year. No amendments are proposed to General Services Fund expenditures at mid-year. 14 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget For the Six Month Period of October 1, 2022 - March 31, 2023 INTERNAL SERVICE FUNDS MID-YEAR REVIEW ADMINISTRATIVE SERVICES FUND Administrative Services Revenues: Charges for Service 16,050,270 7,762,430 8,287,841 48%- 16,050,270 Miscellaneous Revenues 100,000 180,176 (80,176) 180%- 100,000 Transfers In - - - ~- - Fund Equity - - - ~- - Total Revenues 16,150,270 7,942,605 8,207,665 49%- 16,150,270 Administrative Services Expenditures: Info Tech / Admin 515,877 192,858 323,019 37%- 515,877 Info Tech / Network Ops & User Suport 4,854,345 2,494,260 2,360,085 51%- 4,854,345 Info Tech / Network Security & Architecture 2,646,074 1,265,677 1,380,397 48%- 2,646,074 Info Tech / Solutions & Programming 2,761,577 1,537,575 1,224,002 56%- 2,761,577 Info Tech / Telecommunications - 338,748 (338,748) ~- - Info Tech / Enterprise Systems & Training 1,091,360 209,384 881,976 19%- 1,091,360 Public Comm / Courier 198,577 54,583 143,994 27%- 198,577 Clearwater Customer Service 4,001,420 1,836,618 2,164,802 46%- 4,001,420 Total Expenditures 16,069,230 7,929,703 8,139,527 49%- 16,069,230 Increase/ (Decrease)Amendment Description: Administrative Services Fund Revenues:- Administrative Services Fund Expenditures:- At mid-year, anticipated revenues of the Administrative Services Fund exceed anticipated expenditures by $81,040 for fiscal year 2022/23. No amendments are proposed to Administrative Services Fund revenues at mid-year. No amendments are proposed to Administrative Services Fund expenditures at mid-year. 15 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget For the Six Month Period of October 1, 2022 - March 31, 2023 INTERNAL SERVICE FUNDS MID-YEAR REVIEW GARAGE FUND Garage Fund Revenues Charges for Service 18,908,130 8,854,778 10,053,352 47%- 18,908,130 Miscellaneous Revenues 625,000 493,604 131,396 79%- 625,000 Transfers In - - - ~- - Fund Equity - - - ~- - Total Revenues 19,533,130 9,348,382 10,184,748 48%- 19,533,130 Garage Fund Expenditures: Fleet Maintenance 17,789,189 6,636,359 11,152,830 37%- 17,789,189 Radio Communications 1,681,211 290,856 1,390,355 17%- 1,681,211 Total Expenditures 19,470,400 6,927,216 12,543,184 36%- 19,470,400 Increase/ (Decrease)Amendment Description: Garage Fund Revenues:- Garage Fund Expenditures:- At mid-year, anticipated revenues of the Garage Fund exceed anticipated expenditures by $62,730 for fiscal year 2022/23. No amendments are proposed to Garage Fund revenues at mid-year. No amendments are proposed to Garage Fund expenditures at mid-year. 16 2022/23 Mid-Year Variance %2022/23 1 Qtr Amended Year to Date YTD Actual vs.YTD vs.Proposed MY Amended Budget Actual Adopted Bud Budget Amendment Budget For the Six Month Period of October 1, 2022 - March 31, 2023 INTERNAL SERVICE FUNDS MID-YEAR REVIEW CENTRAL INSURANCE FUND Central Insurance Revenues: Charges for Service 35,413,700 17,794,515 17,619,185 50%- 35,413,700 Miscellaneous Revenues 340,000 658,142 (318,142) 194%- 340,000 Transfers In - - - ~- - Fund Equity - - - ~- - Total Revenues 35,753,700 18,452,658 17,301,042 52%- 35,753,700 Central Insurance Expenditures: Finance / Risk Management 438,663 174,787 263,876 40%- 438,663 HR / Employee Benefits 414,160 156,178 257,982 38%- 414,160 HR / Employee Health Clinic 1,731,900 617,115 1,114,785 36%- 1,731,900 Non-Departmental 33,167,607 13,715,006 19,452,601 41%- 33,167,607 Total Expenditures 35,752,330 14,663,086 21,089,244 41%- 35,752,330 Increase/ (Decrease)Amendment Description: Central Insurance Fund Revenues:- Central Insurance Fund Expenditures:- No amendments are proposed to Central Insurance Fund revenues at mid-year. No amendments are proposed to Central Insurance Fund expenditures at mid-year. At mid-year, anticipated revenues of the Central Insurance Fund exceed anticipated expenditures by $1,370 for fiscal year 2022/23. 17 CAPITAL IMPROVEMENT PROGRAM Mid-Year Summary FY 2022/23 18 The amended 2022/23 Capital Improvement Program budget report is submitted for the City Council's mid-year review. The proposed amendment is a net budget increase in the amount of $1,087,961. This review provides the opportunity to examine the status of all active projects and present formal amendments to the project budgets. Fiscally significant budget increases encompassed within this review are as follows: The City Council did not previously approve the following capital improvement budget activity:  Underground Refuse Program – a budget decrease of $25,354 in lease purchase revenue.  Groundwater Replenishment Facility– a budget decrease of $1,135,548 in grant revenue from the Southwest Florida Water Management District (SWFWMD).  Traffic Safety Infrastructure– a budget increase of $22,031 in insurance reimbursements. All significant budget increases that have been previously approved by the City Council are listed below: Project Council Budget Increase Approval  Garage – Off Cycle Replacement $140,000 11/03/22  Apron Relayment $1,750,000 05/18/23  Aviation Operation Center $ 300,000 05/18/23 Increase/ Amdmt Project (Decrease)Transfer Net Budget #Number Amount Amount Description Amendment Garage - Off Cycle Replacements 1 L1911 140,000 To record a budget increase of $140,000.00 in insurance claims revenue to bring the budget in line with revenues received as approved by City Council on November 03, 2022.140,000 Pinellas New Mains / Service Lines 2 96377 16,118 To record a budget increase of $16,117.95 in property owners share revenue to bring the budget in line with revenues received.16,118 Pasco New Mains / Service Lines 3 96378 11,800 To record a budget increase of $11,799.88 in property owners share revenue to bring the budget in line with revenues received.11,800 Underground Refuse Program 4 L2005 (25,354) To record a budget decrease of $25,354.00 in lease purchase revenue.This will close the lease purchase portion of this project.(25,354) Northeast Plant Upgrades/Improvement 5 96215 (7,500,000) To record a budget transfer of $6,000,000.00 in sewer revenue to project 96686,Pump Station Replacement and $1,500,000.00 to project 96739,Reclaimed Water Distribution Systems.(7,500,000) Sanitary Sewer R&R 6 96665 (1,000,000) To record a budget decrease of $1,000,000.00 in utility R&R revenue to project 96784,Reclaim Water Distribution System R&R.(1,000,000) Pump Station Replacement 7 96686 6,000,000 To record a budget transfer of $6,000,000.00 in sewer revenue from project 96215,Northeast Plant Upgrades/Improvement.6,000,000 Reclaimed Water Distribution Systems 8 96739 7,500,000 To record a budget transfer of $1,500,000.00 in sewer revenue from project 96215,Northeast Plant Upgrades/Improvement and $6,000,000.00 in water fund revenue from project 96767, RO Plant at Reservoir #2.7,500,000 RO Plant at Res #2 9 96767 (6,000,000) To record a budget transfer in water revenue of $6,000,000.00 to project 96739,Reclaimed Water Distribution System.(6,000,000) CAPITAL IMPROVEMENT PROGRAM Mid-Year Amendments FY 2022/23 19 Increase/ Amdmt Project (Decrease)Transfer Net Budget #Number Amount Amount Description Amendment CAPITAL IMPROVEMENT PROGRAM Mid-Year Amendments FY 2022/23 Groundwater Replenishment Facility 10 96773 (1,135,548) To record a budget decrease of $1,135,548.34 in grant revenue from SWFWMD.This project has been postponed indefinitely.(1,135,548) Reclaim Water Distribution System R&R 11 96784 - 1,000,000 To record a budget increase of $1,000,000.00 in utility R&R revenue from project 96665, Sanitary Sewer R&R.1,000,000 Stormwater Vehicles & Equipment 12 C1908 (700,000) To record a budget transfer of $700,000.00 in stormwater revenue to project ENST180010,Lower Spring Branch Improvement.(700,000) Allen's Creek 13 ENST180002 856,361 To record a budget transfer of $856,361.00 in stormwater revenue from project ENST180003,Stormwater System Expansion.856,361 Stormwater System Expansion 14 ENST180003 (856,361) To record a budget transfer of $856,361.00 in stormwater revenue to project ENST180002, Allen's Creek.(856,361) Stevenson Creek 15 ENST180004 (1,300,000) To record a budget transfer of $1,300,000.00 in stormwater revenue to project ENST180010,Lower Spring Branch Conveyance.(1,300,000) Alligator Creek Watershed 16 ENST180006 (1,139,000) To record a budget transfer of $1,139,000.00 in stormwater revenue to project ENST180010,Lower Spring Branch Improvement.(1,139,000) Lower Spring Branch Improvement 17 ENST180010 3,139,000 To record a budget transfer of $3,139,000.00 in stormwater revenue from the following projects:1) $700,000.00 from project C1908,Stormwater Vehicle and Equipment;2)$1,300,000.00 from project ENST180004, Stevensons Creek;and 3)$1,139,000.00 from project ENST18006, Alligator Creek Watershed.3,139,000 Streets and Sidewalks 18 ENRD180004 8,915 To record budget increase of $8,915.00 for insurance reimbursements received.This will bring the budget in line with revenues received.8,915 20 Increase/ Amdmt Project (Decrease)Transfer Net Budget #Number Amount Amount Description Amendment CAPITAL IMPROVEMENT PROGRAM Mid-Year Amendments FY 2022/23 Traffic Safety Infrastructure 19 ENRD180007 22,031 To record budget increases of $17,432.88 from risk insurance reimbursements and an increase of $4,597.99 in private insurance reimbursements received.This will bring the budget in line with revenues received.22,031 Apron Relayment 20 G2306 1,750,000 To record a budget increase of $1,400,000.00 of grant revenue and $350,000.00 in airpark fund revenues,as approved by City Council on May 18, 2023.1,750,000 Aviation Operation Center - NEW PROJECT 21 G2307 300,000 To establish the project and record a budget increase of $240,000.00 of grant revenue from FDOT and $60,000.00 of reimbursement revenue,as approved by City Council on May 18, 2023.300,000 Parking Lot Improvements 22 ENPK180002 (700,000) To record a budget transfer of $700,000.00 in parking revenue to project ENPK230001,Downtown Parking Garage.(700,000) Downtown Parking Garage 23 ENPK230001 700,000 To record a budget transfer of $700,000.00 in parking revenue from project ENPK180002,Parking Lot Improvements.700,000 1,087,961 - - 1,087,961 TOTAL 21 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY MID-YEAR: October 1, 2022 to March 31, 2023 Budget Amended Revised Project Open Available Amend Description 10/1/23 Prev Qtr Amdmts Budget To Date Encumbrance Balance Status Ref Other General Government 93535 Countryside Library Demolition 75,000 75,000 - 75,000 - - 75,000 94233 Motorized Equip-Cash 2,683,945 2,705,101 - 2,705,101 2,536,138 14,341 154,622 94246 Fleet Management & Mapping 710,000 710,000 - 710,000 615,964 - 94,036 94729 City-wide Connectivity 5,623,089 5,623,089 - 5,623,089 3,783,435 8,490 1,831,165 94736 Geographic Information Sys 1,260,997 1,260,997 - 1,260,997 954,455 - 306,542 94828 Financial Systems Upgrades 4,258,165 4,258,165 - 4,258,165 2,812,689 31,934 1,413,543 94829 CIS Upgrades / Replacement 1,457,376 1,457,376 - 1,457,376 568,840 156,665 731,871 94830 MS Licensing / Upgrades 1,350,000 1,350,000 - 1,350,000 842,601 - 507,399 94850 Backfile Conversion of Records 500,000 500,000 - 500,000 192,043 - 307,957 94857 Accela Permit & Code Enforce 450,000 450,000 - 450,000 328,512 - 121,488 94873 Citywide Camera System 460,000 460,000 - 460,000 277,953 1,720 180,326 94874 City Enterprise Timekeep Sys 410,000 410,000 - 410,000 202,802 - 207,198 94880 Granicus Agenda Mgt Sys 260,000 260,000 - 260,000 41,136 - 218,864 94883 Business Proc Review & Improve 1,225,735 1,225,735 - 1,225,735 450,949 906 773,880 94888 City EOC & Disaster Recovery Fac 3,360,000 3,360,000 - 3,360,000 3,135,802 39,099 185,099 C1901 Beach Radio Tower 852,370 852,370 - 852,370 - - 852,370 C2004 Lift Stations - General Gov 2,240,000 2,240,000 - 2,240,000 176,562 - 2,063,438 C2006 ADA Transition Plan 1,200,000 1,200,000 - 1,200,000 383,657 - 816,343 C2007 Citywide Audio/Visual Solutions 465,053 465,053 - 465,053 56,499 - 408,554 C2101 North Ward Preservation 77,920 77,920 - 77,920 62,183 - 15,737 C2106 Greenprint Implementation 837,848 837,848 - 837,848 520,574 160,616 156,658 C2212 City Hall Demolition 610,000 610,000 - 610,000 305,730 251,963 52,307 G2211 ARPA Fiber Upgrades 3,500,000 3,500,000 - 3,500,000 - - 3,500,000 G2214 ARPA Solar Panels 2,000,000 2,000,000 - 2,000,000 - - 2,000,000 ENGF220001 New City Hall 16,700,300 16,700,300 - 16,700,300 126,920 2,821,420 13,751,960 GSBM180001 Air Cond Replace-City Wide 2,079,436 2,079,436 - 2,079,436 1,260,001 221,942 597,493 GSBM180002 Flooring for Facilities 1,677,837 1,677,837 - 1,677,837 1,071,011 182,624 424,202 GSBM180003 Roof Repair and Replacement 3,154,213 3,154,213 - 3,154,213 2,176,896 11,574 965,744 GSBM180004 Painting of Facilities 1,042,923 1,042,923 - 1,042,923 404,882 30,156 607,884 GSBM180005 Fencing of Facilities 183,170 183,170 - 183,170 73,199 - 109,970 GSBM180006 Light Replacement & Repair 753,197 753,197 - 753,197 374,834 - 378,362 GSBM180007 Elevator Refurbish/Modern 860,576 860,576 - 860,576 11,118 - 849,458 GSBM180008 Building Systems 2,218,377 2,218,377 - 2,218,377 828,325 43,811 1,346,241 GSBM180009 New A/C Chiller System 5,600,000 5,600,000 - 5,600,000 1,752,713 - 3,847,287 GSBM180010 General Services R&R 600,000 600,000 - 600,000 405,227 8,496 186,277 GSBM180011 Generator Maintenance 670,000 670,000 - 670,000 78,003 - 591,997 GSBM180012 General Faci Bldg Major Reno 2,885,242 2,885,242 - 2,885,242 279,486 347,860 2,257,897 GSFL180001 Fleet Facility R&R 694,520 694,520 - 694,520 93,527 24,303 576,690 L1902 B&M Vehicle & Equipment 65,000 35,046 - 35,046 35,046 - - C L1906/M2202Telecommunications Upgrade 2,269,047 2,269,047 - 2,269,047 13,131 - 2,255,916 L1907/M1911IT Disaster Recovery 705,396 705,396 - 705,396 78,443 20,249 606,704 L1908/M1912Network Infra & Server R&R 2,766,417 2,766,417 - 2,766,417 1,862,220 391,677 512,520 L1910 Motorized Equip Replace - LP 24,448,827 24,448,827 - 24,448,827 16,121,999 4,355,121 3,971,706 L1911 Garage - Off Cycle Replacements 500,000 500,000 140,000 640,000 245,443 329,895 64,662 1 L2301 Motorized Equip Purchases - LP 2,139,150 2,139,150 - 2,139,150 884,559 553,923 700,668 M1914 Sustainability Initiatives 200,000 200,000 - 200,000 146,710 - 53,290 M2007 City EOC Maintenance 125,000 125,000 - 125,000 3,853 - 121,147 L2001/M2010P25 Radio Equipment & Infrast 4,507,104 4,507,104 - 4,507,104 2,888,872 - 1,618,232 M2201 Studio/Production Eqp.51,344 51,344 - 51,344 - - 51,344 M2211 Neighborhood Reinvest Fund 200,000 200,000 - 200,000 - - 200,000 Sub-Total 112,964,573 112,955,774 140,000 113,095,774 49,464,940 10,008,783 53,622,051 Actual Expenditures 22 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY MID-YEAR: October 1, 2022 to March 31, 2023 Budget Amended Revised Project Open Available Amend Description 10/1/23 Prev Qtr Amdmts Budget To Date Encumbrance Balance Status Ref Actual Expenditures Police Protection 94238 Police Vehicles 2,752,032 2,752,032 - 2,752,032 2,491,068 - 260,964 C2201 Police CAD Replacement 900,000 900,000 - 900,000 312,791 - 587,209 C2206 PD Equipment Facility 750,000 750,000 - 750,000 - - 750,000 P1802 Police Equipment Replacement 809,686 855,547 - 855,547 757,867 17,605 80,074 P1803 Command Bus Refurbishment 200,000 154,139 154,139 154,139 - - CP1902Police Information Systems 450,000 450,000 - 450,000 376,988 - 73,012 P2102 Training Range Sound Mitigation 820,000 820,000 - 820,000 787,787 15,408 16,805 PD00180001 Police District 3 Station 13,050,000 13,050,000 - 13,050,000 12,007,476 906,335 136,189 Sub-Total 19,731,718 19,731,718 - 19,731,718 16,888,116 939,348 1,904,253 Fire Protection 91218 Fire Engine Replacement 4,249,366 4,249,366 - 4,249,366 3,482,241 718,190 48,936 91244 Aerial Truck 3,368,080 3,368,080 - 3,368,080 2,653,479 - 714,601 91260 Thermal Imaging Cameras 320,270 320,270 - 320,270 163,939 78,900 77,431 91261 Personal Protection Equip 2,664,250 2,664,250 - 2,664,250 2,158,296 271,060 234,894 91262 SCBA Upgrade - Fill Station 125,000 82,366 - 82,366 82,366 - - C 91264 Fire Hose Replacement 531,460 531,460 - 531,460 316,471 27,841 187,148 91271 Fire Boat 1,008,363 1,008,363 - 1,008,363 694,171 - 314,192 C2207 FD Equipment Facility 750,000 750,000 - 750,000 13,582 - 736,418 FD00190001 Fire Station 46 - Beach 10,350,693 10,350,693 - 10,350,693 5,848,867 4,249,390 252,436 FD00190002 Fire Station 47 Replacement 4,839,441 4,839,441 - 4,839,441 1,199,068 115,345 3,525,028 M2005 Fire Training Tower 400,286 400,286 - 400,286 52,987 - 347,299 Sub-Total 28,607,208 28,564,574 - 28,564,574 16,665,468 5,460,726 6,438,380 Fire Rescue Services 91229 Replace & Upgrade Airpacks 1,341,680 1,384,314 - 1,384,314 921,668 51,401 411,246 91236 Rescue Vehicle 862,500 862,500 - 862,500 275,930 219,850 366,720 91257 AED Program 315,510 315,510 - 315,510 279,236 - 36,274 91263 Extrication Tools 177,000 177,000 - 177,000 125,708 - 51,292 ENGF190002 Beach Guard Tower 324,239 324,239 324,239 95,930 - 228,309 ENGF200002 Beach Guard Admin Building 135,000 135,000 - 135,000 65,660 2,700 66,640 Sub-Total 3,155,929 3,198,563 - 3,198,563 1,764,131 273,951 1,160,481 Gas Utility Services 96358 Environmental Remediation 2,134,794 2,134,794 - 2,134,794 1,920,163 75,520 139,111 96365 Line Relocation-Pinellas Maint 836,569 836,569 - 836,569 591,736 - 244,833 96367 Gas Meter Change Out-Pinellas 4,663,000 4,663,000 - 4,663,000 4,345,939 - 317,061 96374 Line Relocation-Pinellas Capital 3,333,500 3,333,500 - 3,333,500 3,125,300 17,570 190,630 96376 Line Relocation - Pasco Maint 361,384 361,384 - 361,384 146,186 - 215,198 96377 Pinellas New Mains / Serv Lines 45,431,671 45,480,275 16,118 45,496,393 37,604,768 184,287 7,707,338 2 96378 Pasco New Mains / Serv Lines 27,922,099 28,024,407 11,800 28,036,207 24,798,179 7,900 3,230,128 3 96379 Pasco Gas Meter Change Out 1,592,821 1,592,821 - 1,592,821 902,158 - 690,663 96381 Line Reloc-Pasco-Capitalized 1,847,300 1,847,300 - 1,847,300 1,278,075 - 569,225 96382 Gas Inventory - Work Mgmt Sys 2,492,000 2,492,000 - 2,492,000 856,268 - 1,635,732 96384 Gas System - Pinellas Building 28,857,855 28,857,855 - 28,857,855 28,069,261 47,365 741,229 96385 Gas Main Extensions 1,807,845 1,807,845 - 1,807,845 1,519,322 - 288,523 96386 Expanded Energy Conservation 16,128,589 16,128,589 - 16,128,589 12,449,915 - 3,678,674 96387 Natural Gas Vehicle 7,684,584 7,684,584 - 7,684,584 6,047,373 1,009,824 627,386 96389 Future IMS Software & Hardware 1,475,000 1,475,000 - 1,475,000 361,793 - 1,113,207 96391 Gas System Pasco Building 950,000 950,000 - 950,000 1,392 - 948,608 C2301 Pasco Gate Station 1,500,000 1,500,000 - 1,500,000 - - 1,500,000 M1904 Pinellas Building Equip R&R 1,000,000 1,000,000 - 1,000,000 - - 1,000,000 Sub-Total 150,019,009 150,169,922 27,918 150,197,840 124,017,826 1,342,466 24,837,548 23 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY MID-YEAR: October 1, 2022 to March 31, 2023 Budget Amended Revised Project Open Available Amend Description 10/1/23 Prev Qtr Amdmts Budget To Date Encumbrance Balance Status Ref Actual Expenditures Solid Waste Control Services 96426 Facility R & R 3,027,608 1,862,066 - 1,862,066 1,862,066 - (0) C 96443 Res Container Acquisition 2,326,741 1,733,081 - 1,733,081 1,733,081 - (0) C 96444 Comm Container Acquisition 4,695,420 4,352,448 - 4,352,448 4,352,448 - - C 96445 Solar Trash & Recycling Kiosks 364,414 239,182 - 239,182 239,182 - - C 96448 Solid Waste CNG Station 150,000 - - - - - - C 96449 Solid Waste Truck Wash Fac 555,500 - - - - - - C 96804 Recycling Carts/Dumpsters 1,426,650 925,855 - 925,855 925,855 - - C 96805 Recycling Expan/Particip/R&R 1,341,525 1,222,936 - 1,222,936 1,222,936 - - C C2005/L2005 Underground Refuse Program 2,195,090 2,195,090 (25,354) 2,169,736 1,716,874 10,003 442,859 4 C2302 Rebuild SW Adm Comp - 8,610,526 - 8,610,526 - 29,362 8,581,164 L2201 SW/Recyc Add Veh & Equip 185,000 - - - - - - C M2301 SW Facility R&R 200,000 200,000 - 200,000 - - 200,000 SR00180003 Processing Ctr Building Replace 5,062,633 4,396 - 4,396 4,396 - 0 C SRTS180001 S.W.Transfer Station Rebuild 19,650,130 19,650,130 19,650,130 19,069,957 44,344 535,829 Sub-Total 41,180,710 40,995,710 (25,354) 40,970,356 31,126,796 83,709 9,759,851 Water-Sewer Combination Services 96212 Sanitary Sewer Upgrades/Impr 17,345,431 17,345,431 - 17,345,431 8,244,173 6,233,508 2,867,751 96213 Marshall Street Upgrades/Impr 20,044,299 20,044,299 - 20,044,299 9,938,021 4,888,641 5,217,637 96214 East Plant Upgrades/Improve 5,150,000 5,150,000 - 5,150,000 582,448 228,412 4,339,140 96215 N.E. Plant Upgrades/Improve 35,263,620 38,024,945 (7,500,000) 30,524,945 17,165,662 5,639,001 7,720,282 5 96216 Laboratory Upgrade/Improve 1,155,079 1,155,079 - 1,155,079 12,168 - 1,142,912 96217 Pump Station R&R 1,350,192 1,350,192 - 1,350,192 664,726 - 685,466 96523 Pub Utilities Adm Bldg R&R 556,703 556,703 - 556,703 436,694 - 120,009 96526 Public Utility Admin Building 1,104,306 1,104,306 - 1,104,306 - - 1,104,306 96630 Sanitary Sewer Extension 15,319,608 15,319,608 - 15,319,608 12,615,157 4,557 2,699,895 96634 Sanitary Sewer Relocation 4,392,493 4,400,885 - 4,400,885 3,356,534 126,640 917,710 96645 Laboratory Upgrade & R&R 1,146,761 1,146,761 - 1,146,761 1,126,761 - 20,000 96654 Facilities Upgrade & Improve 11,779,876 11,779,876 11,779,876 10,588,663 258,998 932,216 96664 Water Pollution Control R & R 30,081,864 30,081,864 - 30,081,864 20,602,863 4,960,175 4,518,826 96665 Sanitary Sewer R&R 84,663,458 84,663,458 (1,000,000) 83,663,458 50,156,855 24,194,479 9,312,124 6 96686 Pump Station Replacement 9,413,137 9,875,137 6,000,000 15,875,137 5,837,212 112,456 9,925,469 796721System R & R - Maintenance 17,015,686 17,015,686 - 17,015,686 5,696,579 4,119,496 7,199,611 96722 Line Relocation - Maintenance 5,425,071 5,606,588 - 5,606,588 3,630,489 66,181 1,909,918 96739 Reclaimed Water Dist Sys 47,616,014 47,616,014 7,500,000 55,116,014 45,644,075 523,770 8,948,168 8 96742 Line Relocation-Capitalized 5,869,275 5,869,275 - 5,869,275 4,255,780 - 1,613,495 96744 System Expansion 3,945,043 3,945,043 - 3,945,043 3,487,570 - 457,473 96764 RO Plant Exp Res #1 16,499,527 16,499,527 - 16,499,527 13,243,654 39 3,255,834 96767 RO Plant at Res #2 50,495,439 50,495,439 (6,000,000) 44,495,439 41,849,094 908,605 1,737,740 9 96773 Groundwater Replenishm Fac 7,400,118 7,400,118 (1,135,548) 6,264,570 5,917,381 3,259 343,930 10 96782 RO Plant @WTP #3 3,069,594 3,069,594 - 3,069,594 682,850 1,537,531 849,213 96783 Water Sys Upgrades/Improve 8,953,600 8,953,600 - 8,953,600 2,412,676 993,614 5,547,310 96784 Reclaim Water Distrib Sys R&R 4,840,936 4,842,078 1,000,000 5,842,078 1,384,113 1,891,660 2,566,305 11 96785 Feasibility Studies/Evalu - Water 3,805,000 3,805,000 - 3,805,000 2,380,991 108,558 1,315,451 96786 Devices/Equipments - Water 1,100,000 1,100,000 - 1,100,000 - - 1,100,000 G2206 Portable Generators 630,000 630,000 - 630,000 - - 630,000 L1904/L1905 /M2008 Vehicle & Equip-Sewer 1,077,913 1,077,913 - 1,077,913 1,000,239 - 77,674 M1905 Marshall Street Plant R&R 4,160,000 4,160,000 - 4,160,000 376,642 95,269 3,688,089 M1906 Northeast Plant R&R 2,279,313 2,279,313 - 2,279,313 431,377 - 1,847,936 M1907 East Plant R&R 5,165,000 5,165,000 - 5,165,000 326,821 208,078 4,630,102 M1908 RO Plant Exp Res #1 R&R 1,300,000 1,300,000 - 1,300,000 47,996 - 1,252,004 M1909 RO Plant at Res #2 R&R 1,250,000 1,250,000 - 1,250,000 177,535 - 1,072,465 24 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY MID-YEAR: October 1, 2022 to March 31, 2023 Budget Amended Revised Project Open Available Amend Description 10/1/23 Prev Qtr Amdmts Budget To Date Encumbrance Balance Status Ref Actual Expenditures Water-Sewer Combination Services (continued) M1910 Water Treatment Plant #3 R&R 898,851 898,851 - 898,851 152,278 - 746,573 M2103 Utilities Bldg & Maint 1,000,000 1,000,000 - 1,000,000 281,252 - 718,748 Sub-Total 432,563,206 435,977,582 (1,135,548) 434,842,034 274,707,324 57,102,926 103,031,783 Flood Protection/SW Management C1908 Stormwater Vehicles & Equip 5,695,930 5,695,930 (700,000) 4,995,930 3,563,587 596,665 835,678 12 ENST180001 Stormwater Pipe System Improve 16,422,507 16,422,507 - 16,422,507 4,482,581 2,164,368 9,775,558 ENST180002 Allen's Creek 3,309,631 3,309,631 856,361 4,165,992 2,809,628 90,845 1,265,519 13 ENST180003 Stormwater System Expansion 1,339,146 1,339,146 (856,361) 482,785 - - 482,785 14 ENST180004 Stevenson Creek 3,500,286 3,500,286 (1,300,000) 2,200,286 129,195 89,192 1,981,899 15 ENST180005 Coastal Basin 4,494,370 4,494,370 - 4,494,370 2,803,794 219,314 1,471,262 ENST180006 Alligator Creek Watershed 4,661,592 4,661,592 (1,139,000) 3,522,592 510,214 126,053 2,886,325 16 ENST180010 Lower Spring Branch Improve 2,320,000 2,320,000 3,139,000 5,459,000 354,030 95,264 5,009,706 17 Sub-Total 41,743,463 41,743,463 - 41,743,463 14,653,030 3,381,701 23,708,732 Other Physical Environment 93422 Dredging of City Waterways 1,346,204 1,346,204 - 1,346,204 483,487 - 862,717 C2208 Coopers Point 1,400,000 1,400,000 - 1,400,000 - - 1,400,000 C2214 Public Works Complex 1,813,738 1,813,738 - 1,813,738 - - 1,813,738 ENGF180006 City-wide Docks and Seawall 2,636,739 2,636,739 - 2,636,739 1,794,552 - 842,188 ENGF180011 Environmental Assmt & Clean-up 1,209,664 1,209,664 - 1,209,664 130,746 10,471 1,068,447 ENGF180014 Seminole Boat Launch Improve 6,752,000 6,752,000 - 6,752,000 4,295,199 25,429 2,431,372 M2002 Environ Park Remediate & Protect 200,000 200,000 - 200,000 29,025 14,750 156,225 M2006 Right of Way Tree Mgt Prog 800,000 800,000 - 800,000 287,425 - 512,575 M2210 CW Municipal Cemetery Reno 600,000 600,000 - 600,000 141,700 49,437 408,863 Sub-Total 16,758,345 16,758,345 - 16,758,345 7,162,135 100,087 9,496,124 Road and Street Facilities C2102 Fort Harrison Reconstruction 15,249,666 15,249,666 - 15,249,666 889,050 1,878,627 12,481,989 C2103 Downtown Streetscaping 17,601,407 17,601,407 - 17,601,407 10,988,237 5,422,321 1,190,850 C2105 Mercado - Downtown Gateway 927,795 927,795 - 927,795 927,795 - - C ENGF200003 Memorial Causeway Bridge Lighting 200,000 200,000 - 200,000 - - 200,000 ENRD180002 Bridge Maintenance & Improve 9,896,497 9,896,497 - 9,896,497 3,975,075 907,881 5,013,541 ENRD180004 Streets and Sidewalks 25,777,514 25,777,514 8,915 25,786,429 17,150,252 984,776 7,651,401 18 ENRD180005 City-Wide Intersection Improve 4,522,907 4,522,907 - 4,522,907 1,199,475 19,591 3,303,841 ENRD180006 Traffic Signals 2,524,534 2,524,534 - 2,524,534 966,836 113,452 1,444,246 ENRD180007 Traffic Safety Infrastructure 1,407,155 1,407,155 22,031 1,429,186 920,241 161,094 347,851 19 G2213 ARPA Streets & Sidewalks 2,000,000 2,000,000 - 2,000,000 - - 2,000,000 Sub-Total 80,107,475 80,107,475 30,946 80,138,421 37,016,962 9,487,742 33,633,718 Airports 94817 Airpark Maintenance & Repair 364,245 364,245 364,245 312,057 - 52,188 G1901 Replace Hangar C 1,305,000 1,305,000 - 1,305,000 1,264,714 29,765 10,522 G2108 Security System Upgrade 228,000 228,000 - 228,000 175,678 - 52,322 G2306 Apron Relayment 250,000 250,000 1,750,000 2,000,000 - - 2,000,000 20 G2307 Aviation Operation Center - - 300,000 300,000 - - 300,000 21 Sub-Total 2,147,245 2,147,245 2,050,000 4,197,245 1,752,449 29,765 2,415,031 Water Transportation System 93415 Waterway Maintenance 900,000 900,000 - 900,000 703,705 49,630 146,665 Sub-Total 900,000 900,000 - 900,000 703,705 49,630 146,665 25 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY MID-YEAR: October 1, 2022 to March 31, 2023 Budget Amended Revised Project Open Available Amend Description 10/1/23 Prev Qtr Amdmts Budget To Date Encumbrance Balance Status Ref Actual Expenditures Parking Facilities ENPK180001 Parking Lot Resurfacing 808,476 808,476 - 808,476 61,304 - 747,172 ENPK180002 Parking Lot Improvements 2,418,802 1,718,802 (700,000) 1,018,802 731,062 - 287,740 22 ENPK180003 Parking Facilities 4,128,348 4,828,348 - 4,828,348 2,741,604 273,373 1,813,371 ENPK230001 Downtown Parking Garage 10,500,000 10,500,000 700,000 11,200,000 - 1,514,609 9,685,391 23 M2102 Seminole Boat Launch Maint 375,083 528,674 - 528,674 30,892 12,500 485,282 Sub-Total 18,230,709 18,384,301 - 18,384,301 3,564,863 1,800,482 13,018,956 Other Transportation 92842 City Wayfinding Project 2,050,000 2,050,000 - 2,050,000 1,063,589 789,815 196,596 ENGF180002 Downtown Intermodal 924,756 924,756 - 924,756 - - 924,756 ENGF180003 Miscellaneous Engineering 404,146 404,146 - 404,146 265,722 93,295 45,129 ENGF180004 Survey Equipment Replacement 40,288 40,288 - 40,288 - - 40,288 ENGF180013 Imagine Clearwater 84,661,322 84,661,322 - 84,661,322 61,725,385 22,595,912 340,025 Sub-Total 88,080,513 88,080,513 - 88,080,513 63,054,696 23,479,021 1,546,795 Libraries 93527 Books & Other Lib Materials 7,696,601 7,696,601 - 7,696,601 7,682,646 127 13,827 93530 Consolidated Eastside/SPC Libr 5,430,000 5,430,000 - 5,430,000 5,300,608 - 129,392 93532 Libr Maker Space Maint. & Up 282,560 282,560 - 282,560 226,185 367 56,008 93534 Library FF&E Repair & Replace 465,000 465,000 - 465,000 167,898 50 297,052 94861 Library Technology 1,550,000 1,550,000 - 1,550,000 1,321,171 - 228,829 C2211 Main Library Renovation 1,350,000 1,350,000 - 1,350,000 - - 1,350,000 Sub-Total 16,774,161 16,774,161 - 16,774,161 14,698,508 545 2,075,108 Parks & Recreation93133Park Land Acquisition 1,977,351 1,977,351 - 1,977,351 1,968,186 3,200 5,965 93272 Bicycle Paths-Bridges 5,620,232 5,620,232 - 5,620,232 4,270,434 47,377 1,302,421 93602 Sp Events Equip Rep & Rplcmnt 410,000 410,000 - 410,000 323,389 - 86,611 93618 Miscellaneous Park & Rec Contract 1,185,000 1,185,000 - 1,185,000 599,852 308,236 276,912 93646 Rest Rm Expan-Barefoot Bch House 520,950 520,950 - 520,950 518,374 750 1,826 93667 Del Oro Park Renovations 2,686,000 2,686,000 - 2,686,000 2,431,306 240,062 14,632 C1904 Ruth Eckerd Hall 8,500,000 8,500,000 - 8,500,000 7,000,000 - 1,500,000 C2002 Ed Wright/Norton Park Renovations 839,110 855,272 - 855,272 - - 855,272 C2202 Long Center Major Reno 7,000,000 7,000,000 - 7,000,000 79,392 - 6,920,608 C2209 Neighborhood Park Renovations 400,000 400,000 - 400,000 - - 400,000 G2218 ARPA State Street Park Impv 700,000 700,000 - 700,000 - - 700,000 L1901 P&R Vehicle and Equip Additions 546,210 546,210 - 546,210 520,438 - 25,772 M2206 Parks & Beautification R&R 1,925,690 2,004,890 - 2,004,890 484,677 267,805 1,252,409 ENGF180007 Phillip Jones Park Renovations 224,726 224,726 - 224,726 64,044 54 160,628 Sub-Total 32,535,269 32,630,631 - 32,630,631 18,260,091 867,484 13,503,057 Cultural Services A1901 Miscellaneous Minor Public Art 227,079 227,079 - 227,079 107,133 17,700 102,246 A2201 Cultural Arts Plan 85,000 85,000 - 85,000 15,085 - 69,915 Sub-Total 312,079 312,079 - 312,079 122,218 17,700 172,160 26 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY MID-YEAR: October 1, 2022 to March 31, 2023 Budget Amended Revised Project Open Available Amend Description 10/1/23 Prev Qtr Amdmts Budget To Date Encumbrance Balance Status Ref Actual Expenditures Special Recreation Facilities 93410 Clwr Harbor Marina Maint R&R 447,500 447,500 - 447,500 377,502 - 69,998 93420 Fuel System R & R 272,752 272,752 - 272,752 164,764 - 107,987 93499 Pier 60/Sailing Center Maint 471,952 471,952 - 471,952 374,015 - 97,937 93642 Phillip-Jones Restroom/Concess 456,944 449,932 - 449,932 449,932 - (0) C 93650 Crest Lake Park Improvement 7,709,222 7,709,222 - 7,709,222 7,709,222 - - C C1905 Beach Marina Upgrade 15,992,258 15,992,258 - 15,992,258 687,868 927,095 14,377,296 C1906 Clw Harbor Marina Repl & Up 2,795,695 2,795,695 - 2,795,695 1,194,576 1,488,970 112,149 C2001 Athletic Flds & Fac Reno/Improve 8,500,000 8,500,000 - 8,500,000 - - 8,500,000 C2204 Soccer Reno EC Moore 100,000 100,000 - 100,000 - - 100,000 C2205 Enterprise Dog Park 260,000 250,849 - 250,849 250,849 - - C C2210 Sailing Center Dock Replacement 732,852 732,852 - 732,852 594,320 133,902 4,630 C2213 Athletic Field Shade Structures 700,000 770,000 - 770,000 722,595 - 47,406 M1902 Marine Fac Maint Dock R&R 614,970 614,970 - 614,970 444,690 22,990 147,290 M2204 Carpenter & BayCare R&R 2,404,483 2,404,483 - 2,404,483 1,127,419 94,029 1,183,035 M2205 Recreation Center R&R 1,218,101 1,218,101 - 1,218,101 195,731 170,059 852,311 M2207 Athletic Field R&R 1,367,568 1,367,568 - 1,367,568 145,426 1,876 1,220,265 M2208 Beach Walk/Pier 60 Park R&R 1,498,735 1,498,735 - 1,498,735 709,943 707,193 81,599 Sub-Total 45,543,031 45,596,868 - 45,596,868 15,148,852 3,546,114 26,901,902 TOTAL ALL PROJECTS 1,131,354,643 1,135,028,924 1,087,961 1,136,116,886 690,772,110 117,972,180 327,372,596 27 Increase/ Amdmt Program (Decrease)Intrafund Net BudgetNumberNumberAmountTransfer Amount Description Amendment Public Safety Programs Foreclosure Registry - Nuisance Abatement 1 98609 3,400 To record a budget increase of $3,400.00 which represents foreclosure registry fees collected to date to bring the budget in line with actual receipts.3,400 Police Extra Duty 2 99215 343,167 To record a budget increase of $343,167.00 in police service revenue to bring the budget in line with actual receipts.343,167 Police Education Fund 3 99317 7,194 To record a budget increase of $7,193.50 in police education fine revenue which will bring the budget in line with actual receipts.7,194 Investigative Costs Recovery 4 99329 36,614 To record a budget increase of $36,613.80 in fines,forfeitures and penalties revenue to bring the budget in line with actual receipts. 36,614 Florida Contraband Forfeiture Fund 5 99330 32,819 To record a budget increase of $32,819.00 in fines,forfeitures and penalties revenue which will bring the budget in line with actual receipts.32,819 Vehicle Replacement Fund 6 99350 35,879 To record a budget increase representing a transfer of $35,879.00 from 99215,Police Extra Duty.This represents revenue collected for vehicle usage on extra duty jobs.35,879 Crime Prevention Program 7 99364 1,250 To record a budget increase of $1,250.00 in donation revenues. This will bring the budget in line with actual receipts.1,250 Federal Forfeiture Sharing 8 99387 54,419 To record an increase of $54,418.90 in grant revenues from the US Department of Justice which will bring the budget in line with actual receipts.54,419 Mental Health Co-Responder Team 9 P2101 4,500 To record a budget increase of $4,500 of General Fund revenues transferred from the Police Department as approved by the Council on April 20, 2023.4,500 Special Program Fund Mid-Year Amendments FY 2022/23 28 Increase/ Amdmt Program (Decrease)Intrafund Net BudgetNumberNumberAmountTransfer Amount Description Amendment Special Program Fund Mid-Year Amendments FY 2022/23 Public Safety Programs (continued) DEA Overtime Reimbursement 10 P2201 15,000 To record a budget increase of $15,000.00 in reimbursement revenue from the Drug Enforcement Agency (DEA)to account for special duty assignments.15,000 FBI Overtime Reimbursement 11 P2203 15,000 To record a budget increase of $15,000.00 in reimbursement revenue from the Federal Bureau of Investigation (FBI)to account for special duty assignments.15,000 Secret Service Overtime Reimbursement 12 P2204 15,000 To record a budget increase of $15,000.00 in reimbursement revenue from the US Secret Services Agency to account for special duty assignments.15,000 The Sound Acoustic Study - NEW PROGRAM 13 P2301 168,500 To establish the program and record a transfer from General Fund revenues of $168,500.00 as approved by Council on May 18, 2023.168,500 Public Safety Program Totals:732,741 - 732,741 Physical Environment Programs Tree Replacement Program 14 99970 8,472 To record a budget increase of $8,472.00 in fines,forfeiture and penalties revenue to bring the budget in line with actual receipts.8,472 Physical Environment Program Totals:8,472 - 8,472 29 Increase/ Amdmt Program (Decrease)Intrafund Net BudgetNumberNumberAmountTransfer Amount Description Amendment Special Program Fund Mid-Year Amendments FY 2022/23 Culture and Recreation Programs Library - Machan Estate - NEW PROGRAM 15 C2303 1,176,297 To establish the program and record a budget increase of $1,176,297.43 in donation revenues received from the Machan Estate.1,176,297 Clearwater for Youth Grants 16 G1907 8,232 To record a budget increase of $8,231.84 in donation revenue for youth programs at North Greenwood which will bring the budget in line with actual receipts.8,232 Special Events 17 PRSE190001 33,993 To record budget increase of $24,392.00 in reimbursement revenue and $9,600.96 in sales revenue to bring the budget in line with actual receipts.33,993 Special Events @ Coachman Park - NEW PROGRAM 18 PRSE230001 610,620 To establish the program and record transfers of General Fund revenues of $482,000.00 for grand opening events approved by Council on March 16,2023 and $128,620.00 for public safety costs at grand opening events approved by Council on May 4, 2023.610,620 Culture and Recreation Program Total:1,829,142 - 1,829,142 2,570,355 - 2,570,355 Intrafund/Interfund Transfers Police Extra Duty 99215 35,879 To record a transfer of $35,879.00 to 99350,Vehicle Replacement,representing revenue collected for vehicle usage on extra duty jobs. Total Interfund Transfers:35,879 Total Budget Increase/(Decrease): 30 SPECIAL PROGRAM STATUS SUMMARY MID YEAR REVIEW: October 1, 2022 to March 31, 2023 Actual Expenditures Budget Amended Revised Project Open Available Amend Description Budget Prev Qtr Amdmt Budget To Date Encumbr Balance Status Ref GENERAL GOVERNMENT PROGRAMS 99857 Stimulus - Elctrnc Plan Submittal & Rev 289,000 289,000 - 289,000 149,927 - 139,073 99928 Nagano Sister City Program 378,899 378,899 - 378,899 206,337 - 172,561 M1913 Lien Foreclosure Program 850,984 1,169,784 - 1,169,784 516,683 - 653,101 M2101 Planning Studies Fund 1,025,000 1,025,000 - 1,025,000 380,383 42,542 602,075 Sub-Total 2,543,883 2,862,683 - 2,862,683 1,253,331 42,542 1,566,811 PUBLIC SAFETY PROGRAMS 98609 Foreclosure Registry-Nuisance Abtmnt 170,800 177,200 3,400 180,600 22,163 - 158,438 1 98610 Hurricane Irma 3,918,686 3,918,686 - 3,918,686 2,706,118 - 1,212,567 99215 Police Extra Duty 6,161,622 6,851,237 343,167 7,194,404 7,132,675 2,674 59,056 2 99279 Police Recruitments 261,010 261,010 - 261,010 103,352 - 157,658 99281 Fed Forfeitures - Treasury 195,885 196,485 - 196,485 120,171 40,408 35,906 99316 Police Volunteers 168,519 183,519 - 183,519 148,210 - 35,308 99317 Police Education Fund 1,445,364 1,456,095 7,194 1,463,289 1,304,567 - 158,721 3 99329 Investigative Recovery Costs 2,939,457 2,989,144 36,614 3,025,757 2,759,093 14,410 252,254 4 99330 FL Contraband Forfeiture Fund 1,158,234 1,249,539 32,819 1,282,358 1,181,028 - 101,330 5 99350 Vehicle Replacement Fund 771,971 823,769 35,879 859,648 528,097 - 331,551 6 99356 Safe Neighborhood Program 1,441,203 1,461,203 - 1,461,203 1,398,788 - 62,414 99364 Crime Prevention Program 241,674 245,774 1,250 247,024 236,091 7,500 3,434 7 99387 Federal Forfeiture Sharing 2,504,602 2,527,585 54,419 2,582,003 2,106,139 - 475,865 8 99927 Emergency Operations 4,328,870 4,328,870 - 4,328,870 3,266,670 - 1,062,200 99982 EMS Incentive/Recognition 69,700 69,700 - 69,700 41,088 - 28,612 D2001 COVID-19 Prep & Response 1,981,240 1,981,240 - 1,981,240 649,074 - 1,332,166 G2110 Pedestrian/Bicycle Safety Grant 2022 46,455 46,455 - 46,455 42,537 - 3,918 G2208 Pedestrian/Bicycle Safety Grant 2023 - 21,836 - 21,836 16,323 - 5,514 P1801 School Resource Officers 2,266,427 2,922,016 - 2,922,016 2,544,890 - 377,126 P2002 Police Body Worn Camera Program 882,922 882,922 - 882,922 812,924 225 69,773 P2101 Mental Health Co-Responder Team 393,800 393,800 4,500 398,300 287,525 - 110,775 9 P2201 DEA OT Reimbursement Program 20,000 20,000 15,000 35,000 32,435 - 2,565 10 P2202 ESST OT Reimbursement Program 2,000 2,000 - 2,000 1,353 - 647 P2203 FBI OT Reimbursement Program 20,000 20,000 15,000 35,000 30,392 - 4,608 11 P2204 Secret Service OT Reimb Program 20,000 20,000 15,000 35,000 29,380 - 5,620 12 P2301 The Sound Acoustic Study - - 168,500 168,500 - - 168,500 13 Sub-Total 31,410,441 33,050,084 732,741 33,782,825 27,501,083 65,218 6,216,525 PHYSICAL ENVIRONMENT PROGRAMS 99970 Tree Replacement Program 1,996,074 2,026,602 8,472 2,035,074 1,034,508 21,925 978,641 14 Sub-Total 1,996,074 2,026,602 8,472 2,035,074 1,034,508 21,925 978,641 ECONOMIC ENVIRONMENT PROGRAMS 99802 Brownfield Revolving Loan 1,216,732 1,216,732 - 1,216,732 420,381 - 796,351 99846 Economic Development - QTI 166,879 166,879 - 166,879 71,591 - 95,288 G2010 CDBG-CV Fund 1,549,338 1,549,338 - 1,549,338 405,837 493,558 649,943 G2011 Back to Business Grant Program 3,550,000 3,550,000 - 3,550,000 1,427,498 2,122,502 G2101 Public Facilities 2021 690,825 690,825 - 690,825 564,503 - 126,322 M2009 Afford Housing & Comm Development 290,853 290,853 - 290,853 16,913 - 273,940 M2105 ED Strategic Plan 153,896 153,896 - 153,896 - - 153,896 G2201 Public Facilities 2022 670,471 670,471 - 670,471 470,627 92,267 107,577 G2202 Economic Development 2022 110,246 110,246 - 110,246 72,603 608 37,036 G2203 Program Administration 2022 211,771 211,771 - 211,771 184,525 1,525 25,721 G2205 Public Services 2022 233,512 233,512 - 233,512 192,825 - 40,687 G2207 Brownfield MAC Grant - 300,000 - 300,000 10,679 68,207 221,114 G2209 Duke Energy ED Grant 25,000 25,000 - 25,000 22,200 - 2,800 31 SPECIAL PROGRAM STATUS SUMMARY MID YEAR REVIEW: October 1, 2022 to March 31, 2023 Actual Expenditures Budget Amended Revised Project Open Available Amend Description Budget Prev Qtr Amdmt Budget To Date Encumbr Balance Status Ref - - ECONOMIC ENVIRONMENT PROGRAMS (CONTINUED)- - G2210 ARPA North Greenwood CRA 5,000,000 5,000,000 - 5,000,000 - - 5,000,000 G2212 ARPA Affordable Housing 3,300,000 3,300,000 - 3,300,000 141,306 - 3,158,694 G2219 ARPA Business Incubator 250,000 250,000 - 250,000 - - 250,000 G2301 Public Facilities 2023 636,582 636,582 - 636,582 3,300 353,107 280,175 G2302 Economic Development 2023 460,575 460,575 - 460,575 3,400 96,600 360,575 G2303 Program Administration 2023 179,495 179,495 - 179,495 2,166 31,597 145,733 G2304 Infill Housing 2023 135,000 135,000 - 135,000 - - 135,000 G2305 Public Services 2023 134,621 134,621 - 134,621 33,845 70,776 30,000 Sub-Total 18,965,797 19,265,797 - 19,265,797 4,044,198 1,208,244 14,013,355 HUMAN SERVICES PROGRAMS 98601 Next Steps to Better Nutrition 9,000 9,000 - 9,000 6,671 - 2,329 98607 Senior Citizens Services - Trips 14,000 14,000 - 14,000 13,960 - 40 99562 HUD Special Education 30,000 30,000 - 30,000 27,600 - 2,400 99844 United Way 18,080 18,080 - 18,080 12,431 - 5,649 99869 Health Prevention Program 190,269 190,269 - 190,269 180,134 - 10,135 G2107 JWB Youth Programming 1,196,323 1,665,220 - 1,665,220 1,012,870 - 652,350 G2215 ARPA Pinellas Community Foundation 1,000,000 1,000,000 - 1,000,000 112,748 887,252 - G2216 ARPA Non-profit Grants 1,000,000 1,000,000 - 1,000,000 - - 1,000,000 G2217 ARPA Education Grants & Partnerships 750,000 750,000 - 750,000 - - 750,000 M2209 Opioid Settlement Funds - 135,281 - 135,281 - - 135,281 Sub-Total 4,207,672 4,811,850 - 4,811,850 1,366,414 887,252 2,558,185 CULTURE AND RECREATION PROGRAMS 98608 Clark-Turner Trust (Library)106,077 106,077 - 106,077 - 106,077 99910 Library Special Account 910,161 940,394 - 940,394 903,656 - 36,738 C2303 Library - Machan Estate - - 1,176,297 1,176,297 - - 1,176,297 15 G1907 Clearwater for Youth Grants 70,095 70,095 8,232 78,327 42,989 - 35,338 16 PRSE190001Special Events 2,899,058 3,014,258 33,993 3,048,251 2,899,044 - 149,206 17 PRSE230001Special Events @ Coachman Park - - 610,620 610,620 - - 610,620 18 Sub-Total 3,985,391 4,130,824 1,829,142 5,959,966 3,845,690 - 2,114,276 TOTAL ALL PROJECTS 63,109,258 66,147,840 2,570,355 68,718,196 39,045,224 2,225,179 27,447,793 32 City of Clearwater SPECIAL DEVELOPMENT FUND Mid-Year FY 2022/23 Increase/ (Decrease)Description Revenues Allocation of Assigned Fund Balance - No Amendments are proposed to Special Development Fund revenues at mid-year. -$ Net Revenue Amendments Expenditures Transfer to Capital Improvement Fund - No Amendments are proposed to Special Development Fund expenditures at mid-year. -$ Net Expenditure Amendments 33 SPECIAL REVENUE FUNDS Mid-Year: October 1, 2022 - March 31, 2023 Original First Quarter Mid Year Budget Amended Budget Amended Budget 2022/23 2022/23 2022/23 Amendments Revenues: Ad Valorem Taxes 4,050,410 4,050,410 4,050,410 - Infrastructure Tax 16,441,000 16,441,000 16,441,000 - Interest Earnings 450,000 450,000 450,000 - Multi-Modal Impact Fees 140,000 140,000 140,000 - Local Option Gas Tax 1,327,150 1,327,150 1,327,150 - Allocation of Assigned Fund Balance 6,507,630 6,586,830 6,586,830 - 28,916,190 28,995,390 28,995,390 - Expenditures: Transfer to Capital Improvement Fund Road Millage 4,050,410 4,050,410 4,050,410 - Infrastructure Tax 22,948,630 22,948,630 22,948,630 - Recreation Facility Impact Fees - 79,200 79,200 - Multi-Modal Impact fees 140,000 140,000 140,000 - Local Option Gas Tax 1,327,150 1,327,150 1,327,150 - 28,466,190 28,545,390 28,545,390 - Revenues: CDBG/Home Funds 897,475 897,475 897,475 - Interest Earnings 125,000 133,091 133,091 - Intergovernmental Revenue - 1,267,147 1,366,566 99,419 Charges for Service Revenue - 696,016 1,042,583 346,567 Judgments, Fines and Forfeit Revenue - 498,680 583,779 85,098 Miscellaneous Revenue - 169,614 1,389,387 1,219,772 Transfers from General Fund:- - 779,120 779,120 Sister City Program 37,380 37,380 37,380 - Planning Study Fund 275,000 275,000 275,000 - United Way Campaign Fund 1,500 1,500 1,500 - Special Events 70,000 185,200 185,200 - Police Recruitments 30,000 30,000 30,000 - Police Mental Health Co-Responder T 143,200 143,200 147,700 4,500 Transfers from Special Programs - 283,834 319,713 35,879 1,579,555 4,618,138 7,188,493 2,570,355 SPECIAL PROGRAM FUND SPECIAL DEVELOPMENT FUND 34 SPECIAL REVENUE FUNDS Mid-Year: October 1, 2022 - March 31, 2023 Original First Quarter Mid Year Budget Amended Budget Amended Budget 2022/23 2022/23 2022/23 Amendments Expenditures: General Government 312,380 631,180 631,180 - Public Safety 173,200 1,812,843 2,545,585 732,741 Physical Environment - 30,528 39,000 8,472 Economic Environment 498,117 798,117 798,117 - Human Services 1,500 605,678 605,678 - Culture and Recreation 70,000 215,433 2,044,575 1,829,142 Interfund Transfers 399,358 399,358 399,358 - Transfer to Capital Fund 50,000 50,000 50,000 - 1,504,555 4,543,138 7,113,493 2,570,355 Revenues: HOME Investment Partnerships 509,528 509,528 509,528 - State Housing Initiatives Partnerships 781,532 781,532 781,532 - Total - HOME/SHIP Funds 1,291,060 1,291,060 1,291,060 - Expenditures: Economic Environment 988,161 988,161 988,161 Interfund Transfers 302,899 302,899 302,899 Total - HOME/SHIP Programs 1,291,060 1,291,060 1,291,060 - OTHER HOUSING ASSISTANCE FUNDS SPECIAL PROGRAM FUND (continued) 35 ADMINISTRATIVE CHANGE ORDERS Mid - Year Review FY 2022/23 36 In accordance with City of Clearwater Code Section 2.554(6), the City Manager may approve and execute change orders without City Council approval within certain limitations. The following change orders have been administratively approved since the last report to the Council based on the code specified criteria: 1. The city manager may increase any contract up to a total award of one hundred thousand dollars ($100,000.00). 2. The city manager may approve any increase of contract up to a maximum of ten percent (10%) over the most recent award of the city council. 3. No contract price increase shall be approved unless sufficient funds are available for such purpose. 4. Contract price decreases may be approved without limitation. 5. The time for completion may be extended up to ninety (90) days, in any one change or cumulatively for the same project, beyond the most recent city council approved completion time. ***** There were no change orders at mid-year that meet the guidelines above. Ordinance #9687-23 37 ORDINANCE NO. 9687-23 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING THE OPERATING BUDGET FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2023 TO REFLECT INCREASES AND DECREASES IN REVENUES AND EXPENDITURES FOR THE GENERAL FUND, SPECIAL PROGRAM FUND, SOLID WASTE & RECYCLING FUND, AND AIRPARK FUND AS PROVIDED HEREIN; PROVIDING AN EFFECTIVE DATE. WHEREAS, the budget for the fiscal year ending September 30, 2023, for operating purposes, including debt service, was adopted by Ordinance No. 9615-22; and WHEREAS, at the mid-year review it was found that an increase of $3,716,475 is necessary for revenues and an increase of $4,116,475 is necessary for expenditures; and WHEREAS, a summary of the amended revenues and expenditures is attached hereto and marked Exhibit A; and WHEREAS, Section 2.519 of the Clearwater Code authorizes the City Council to provide for the expenditure of money for proper purposes not contained in the budget as originally adopted due to unforeseen circumstances or emergencies arising during the fiscal year; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Section 1 of Ordinance No. 9615-22 is amended to read: Pursuant to the Amended City Manager's Annual Report and estimate for the fiscal year beginning October 1, 2022 and ending September 30, 2023 a copy, of which is on file with the City Clerk, the City Council hereby adopts an amended budget for the operation of the City, a copy of which is attached hereto as Exhibit A. Section 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING _________________________ PASSED ON SECOND AND FINAL _________________________ READING AND ADOPTED _______________________________ Brian J. Aungst Sr., Mayor Approved as to form: Attest: _______________________________ ________________________________ David Margolis, City Attorney Rosemarie Call, City Clerk EXHIBIT A 2022-23 BUDGET REVENUE FirstQuarter Mid-Year Budgeted Amended AmendedRevenuesBudgetBudget 2022/23 2022/23 2022/23 Amendments General Fund: Ad Valorem Taxes 80,964,710 80,964,710 80,964,710 - Utility Taxes 17,890,000 17,890,000 17,890,000 - Local Option, Fuel & Other Taxes 6,430,000 6,430,000 6,430,000 - Franchise Fees 11,000,000 11,000,000 11,000,000 - Other Permits & Fees 3,908,500 3,908,500 3,908,500 - Intergovernmental Revenues 28,768,720 28,768,720 28,768,720 Charges for Services 17,218,270 17,218,270 17,218,270 - Judgments, Fines & Forfeitures 1,439,000 1,439,000 1,439,000 - Miscellaneous Revenues 3,512,758 3,512,758 3,512,758 - Transfers In 12,497,802 12,497,802 12,497,802 - Transfer (to) from Reserves - 10,870 789,990 779,120 Total, General Fund 183,629,760 183,640,630 184,419,750 779,120 Special Revenue Funds: Special Development Fund 28,916,190 28,995,390 28,995,390 - Special Program Fund 1,579,555 4,618,138 7,188,493 2,570,355 Local Housing Asst Trust Fund 1,291,060 1,291,060 1,291,060 - Utility & Other Enterprise Funds: Water & Sewer Fund 106,880,100 106,880,100 106,880,100 - Stormwater Utility Fund 17,714,840 17,714,840 17,714,840 - Solid Waste & Recycling Fund 30,381,600 30,381,600 30,381,600 - Gas Fund 59,832,340 59,832,340 59,832,340 - Airpark Fund 406,990 406,990 773,990 367,000 Marine Fund 7,038,640 7,038,640 7,038,640 - Clearwater Harbor Marina 1,003,610 1,003,610 1,003,610 - Parking Fund 18,867,130 18,867,130 18,867,130 - Internal Service Funds: Administrative Services Fund 16,150,270 16,150,270 16,150,270 - General Services Fund 6,498,650 6,498,650 6,498,650 - Garage Fund 19,533,130 19,533,130 19,533,130 - Central Insurance Fund 35,753,700 35,753,700 35,753,700 - Total, All Funds 535,477,565 538,606,218 542,322,693 3,716,475 38 Ordinance #9687-23 EXHIBIT A (Continued) 2022-23 BUDGET EXPENDITURES FirstQuarter Mid-Year Original Amended AmendedBudgetBudgetBudget 2022/23 2022/23 2022/23 Amendments General Fund: City Council 459,136 525,486 525,486 - City Manager's Office 1,032,745 1,032,745 1,032,745 - City Attorney's Office 2,549,409 2,560,279 2,560,279 - City Audit 372,930 372,930 372,930 - City Clerk 1,274,878 1,274,878 1,274,878 - CRA Administration 691,422 691,422 691,422 - Economic Development & Housing 2,019,501 1,954,501 1,954,501 - Finance 2,938,832 2,938,832 2,938,832 - Fire 33,798,143 33,798,143 33,798,143 - Human Resources 2,233,506 2,233,506 2,233,506 - Library 9,445,675 9,445,675 9,445,675 - Non-Departmental 11,763,576 11,697,226 12,476,346 779,120 Office of Innovation 899,534 899,534 899,534 - Parks & Recreation 38,162,462 39,337,937 39,337,937 - Planning & Development 7,605,355 7,605,355 7,605,355 - Police 53,505,918 53,505,918 53,505,918 - Public Communications 1,573,275 1,573,275 1,573,275 - Public Utilities 412,520 412,520 412,520 - Public Works 12,890,943 11,780,468 11,780,468 - Total, General Fund 183,629,760 183,640,630 184,419,750 779,120 Special Revenue Funds: Special Development Fund 28,466,190 28,545,390 28,545,390 - Special Program Fund 1,504,555 4,543,138 7,113,493 2,570,355 Local Housing Asst Trust Fund 1,291,060 1,291,060 1,291,060 - Utility & Other Enterprise Funds: Water & Sewer Fund 100,828,010 100,828,010 100,828,010 - Stormwater Utility Fund 16,791,710 16,791,710 16,791,710 - Solid Waste & Recycling Fund 28,437,980 28,737,980 29,137,980 400,000 Gas Fund 59,832,340 59,832,340 59,832,340 - Airpark Fund 406,990 406,990 773,990 367,000 Marine Fund 7,038,640 7,038,640 7,038,640 - Clearwater Harbor Marina 1,003,610 1,003,610 1,003,610 - Parking Fund 18,867,130 18,867,130 18,867,130 - Internal Service Funds: Administrative Services Fund 16,069,230 16,069,230 16,069,230 - General Services Fund 6,462,980 6,462,980 6,462,980 - Garage Fund 19,470,400 19,470,400 19,470,400 - Central Insurance Fund 35,752,330 35,752,330 35,752,330 - Total, All Funds 525,852,915 529,281,568 533,398,043 4,116,475 39 Ordinance #9687-23 40 Ordinance #9688-23 ORDINANCE NO. 9688-23 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING THE CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, TO REFLECT AN INCREASE OF $1,087,961 PROVIDING AN EFFECTIVE DATE. WHEREAS, the Capital Improvement Budget for the fiscal year ending September 30, 2023 was adopted by Ordinance No. 9616-22; and WHEREAS, Section 2.519 of the Clearwater Code authorizes the City Council to provide for the expenditure of money for proper purposes not contained in the budget as originally adopted due to unforeseen circumstances or emergencies arising during the fiscal year; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA; Section 1. Section 1 of Ordinance No. 9616-22 is amended to read: Pursuant to the Mid-Year Amended Capital Improvement Program Report and estimated budget for the fiscal year beginning October 1, 2022, and ending September 30, 2023, a copy of which is on file with the City Clerk, the City Council hereby adopts a Mid-Year Amended budget for the capital improvement fund for the City of Clearwater, a copy of which is attached hereto as Exhibit A. Section 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING _____________________ PASSED ON SECOND AND FINAL _____________________ READING AND ADOPTED ___________________________ Brian J. Aungst Sr., Mayor Approved as to form: Attest: ______________________________ ____________________________ David Margolis, City Attorney Rosemarie Call, City Clerk First Qtr.Mid-Year Original Amended Amended Budget Budget Budget 2022/23 2022/23 2022/23 Amendments Other General Government 22,981,700 22,972,902 23,112,902 140,000 Police Protection 305,000 305,000 305,000 - Fire Protection 1,044,250 1,001,616 1,001,616 - Fire Rescue Services 538,000 580,634 580,634 - Gas Utility Services 13,625,000 13,775,913 13,803,831 27,918 Solid Waste Services 450,000 265,000 239,646 (25,354) Water-Sewer Services 30,500,040 33,914,415 32,778,867 (1,135,548) Flood Protection/Stormwater Mgmt 6,958,010 6,958,010 6,958,010 - Other Physical Environment 570,000 570,000 570,000 - Road and Street Facilities 10,451,650 10,451,650 10,482,596 30,946 Airports 275,000 275,000 2,325,000 2,050,000 Water Transportation Systems 150,000 150,000 150,000 - Parking Facilities 11,179,000 11,332,591 11,332,591 - Other Transportation 56,500 56,500 56,500 - Libraries 735,000 735,000 735,000 - Parks & Recreation 4,065,000 4,160,363 4,160,363 - Cultural Services 40,000 40,000 40,000 - Special Recreation Facilities 21,338,030 21,391,867 21,391,867 - TOTAL PROJECT EXPENDITURES 125,262,180 128,936,461 130,024,423 1,087,961 GENERAL SOURCES: General Operating Revenue 14,819,980 14,819,980 14,819,980 - Penny for Pinellas 22,948,630 22,948,630 22,948,630 - Road Millage 4,050,410 4,050,410 4,050,410 - Local Option Gas Tax 1,327,150 1,327,150 1,327,150 - Grants 200,000 662,000 1,166,452 504,452 County Fire Reimbursements 340,170 340,170 340,170 - Other Governmental - 2,952,375 2,952,375 - Special Program Fund 50,000 50,000 50,000 - Multi-Modal Impact Fee 140,000 140,000 140,000 - Recreation Facility Impact Fee - 79,200 79,200 - Donations - 70,000 70,000 - Other - 21,156 21,156 - Reimbursements - - 170,946 170,946 EXHIBIT A CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR 2022/23 41 Ordinance # 9688-23 First Qtr.Mid-Year Original Amended Amended Budget Budget Budget 2022/23 2022/23 2022/23 Amendments EXHIBIT A CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR 2022/23 SELF SUPPORTING FUNDS: Parking Revenue 11,295,000 11,448,591 11,448,591 - Marine Revenue 1,400,000 1,400,000 1,400,000 - Clearwater Harbor Marina Revenue 175,000 175,000 175,000 - Airpark Revenue 75,000 75,000 485,000 410,000 Water Revenue 10,606,750 10,606,750 10,606,750 - Sewer Revenue 11,691,790 11,691,790 11,691,790 - Utility R&R 12,225,590 12,225,590 12,225,590 Water Impact Fees 160,000 160,000 160,000 - Sewer Impact Fees 50,000 50,000 50,000 - Stormwater Utility Revenue 6,958,010 6,958,010 6,958,010 - Gas Revenue 13,625,000 13,775,913 13,803,831 27,918 Solid Waste Revenue 450,000 450,000 450,000 - INTERNAL SERVICE FUNDS: Garage Revenue 260,000 260,000 260,000 - Administrative Services Revenue 1,900,000 1,900,000 1,900,000 - General Services Revenue 100,000 100,000 100,000 - Central Insurance Revenue 172,000 172,000 172,000 - - BORROWING - GENERAL SOURCES: Lease Purchase - General Fund - - - - BORROWING - SELF SUPPORTING FUNDS: Lease Purchase - Solid Waste/Recycling - (185,000) (210,354) (25,354) BORROWING - INTERNAL SERVICE FUNDS: Lease Purchase - Garage 9,791,700 9,761,746 9,761,746 - Lease Purchase - Administrative Services 450,000 450,000 450,000 - TOTAL ALL FUNDING SOURCES:125,262,180 128,936,461 130,024,423 1,087,961 42 Ordinance # 9688-23 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0734 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Parks & Recreation Agenda Number: 5.1 SUBJECT/RECOMMENDATION: Authorize a Guaranteed Maximum Price proposal to Certus Builders, Inc., of Bristol, FL for the construction of a new pier and dock at Cliff Stephens Park located at 901 Fairwood Ave, in the amount of $292,811.31, pursuant to RFQ 40-20, Construction Manager at Risk (CMAR) Services for Continuing Contracts and authorize the appropriate officials to execute same. (consent) SUMMARY: On September 17, 2020, Council approved the use of thirteen firms to serve as construction managers for the City under RFQ 40-20 and Certus Builders, Inc., was selected as one of the approved firms. Cliff Stephens Park is a 46-acre parcel of land sitting on two separate ponds fed by Alligator Creek. The park contains a frequently utilized disc golf course and multiple trails, most notably a portion of the Ream Wilson Trail. It connects with Kapok Park on its eastern side, forming a popular and highly visited outdoor amenity for the residents of Clearwater. The surrounding neighborhood and residents have expressed interest to city staff for the construction of a new dock overlooking the eastern lake, following the recent demolition of a previously existing dock that had reached its useful life. This proposal is for all work needed for the project, which includes the construction of structural and marine elements, decking, paneling, and handrails. The proposed dock will be located in the same location as it existed previously and will provide for compliance with accessibility standards of the Americans with Disabilities Act. This is a 120-day contract which will commence upon issuance of a Notice to Proceed. APPROPRIATION CODE AND AMOUNT: Funds are available in capital improvement project M2206, Parks and Beautification R&R. USE OF RESERVE FUNDS: N/A Page 1 City of Clearwater Printed on 6/8/2023 PROJECT CRITERIAI: SCOPE OF SERVICES: 1. A TOPOGRAPHIC SURVEY OF THE EAST DOCK (INCLUDED HEREIN). 2: GEOTECHNICAL REPORT (INCLUDED HEREIN). 3: NEW EAST DOCK REPLACEMENT AS NOTED HEREIN. 4: CONCRETE RAMPII. DESIGN CRITERIA: 1. APPLICABLE CODE: 2020 FLORIDA BUILDING CODE (FBC). 2. ADA COMPLIANCE FOR NEW STRUCTURE 3. DESIGN LOADS: a. WIND CRITERIA = RISK CATEGORY " II " WITH A "D" EXPOSURE. b. WIND SPEED = 145 MPH. c. DOCK FLOOR LOAD = 100 PSF.d. RAILINGS = PER SECTION 1607.8 FBC.III. CLASSIFICATION OF WORK 1. THE WORK IS FOR THE REPLACEMENT OF THE PREVIOUS FISHING DOCK. 2. SUBJECT TO THE 2020 FLORIDA BUILDING CODE WITH CURRENT REVISIONS.SHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23AERIAL VIEWPROJECT LOCATIONLOCATION MAPDRAWING INDEXSR-3SR-2ASITE PLANDOCK PLAN / ELEVATIONS / SECTIONSSR-1PROJECT CRITERIA / AERIAL VIEWSR-6SR-4WOOD DOCK PLAN AND ELEVATIONCONCRETE ABUTMENT DETAILSCITY OFFICIALSDAVID ALBRITTONKathleen BeckmanFRANK HIBBARDJON JENNINGSLINA TEIXEIRACITY MANAGERCOUNCILMEMBER-SEAT5COUNCILMEMBER-SEAT4COUNCILMEMBER-SEAT3MAYOR-SEAT1COUNCILMEMBER-SEAT2MARK BUNKERCITY ENGINEERTARA L. KIVETT, P.E.SR-5WOOD FRAMING DETAILSSR-2BTOPOGRAPHIC SURVEYPROJECT LOCATION 6'-0" WIDE X 6" THICK CONCRETESIDEWALK WITH FIBERMESH 150AT ONE (1) PCYTOP OF DOCKELEV AT 14.00AND RAMPJOINTSAT 6'-0" OCCONTROLNEW SIDEWALK TO REPLACEORIGINAL SIDEWALK PER ADASTANDARDS NTE 1/12 SLOPE.82'-0"REMAINING EXIST PARTIALCONCRETE SIDEWALKCONTRACTOR TO REMOVE17'-0"SHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23THE ORIGINAL DOCK SHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23 SYNTHETICWOOD50'-0"36'-0"DECKINGSYNTHETICWOODHANDRAILCAP10'-0"8'-0"AJOISTS AT 1'-4" OC2X12 PTWOODBEAMS - TYPB2 X 8 PT WOOD- TYPICAL U.N.O.PILINGPT WOOD9" DIA- TYPICALDOUBLE (x2)2X12 PTWOODBEAMS1'-0"1'-0"DOUBLE (x2)2X12 PTWOODBEAMSDOUBLE (x2)6'-6-1/2"7'-10"1'-0"1'-0"5'-10"8'-0"8'-0"8'-0"8'-0"1'-0"1'-0"6'-6-1/2"6'-6-1/2"1'-0"6'-6-1/2"7'-10"2'-0"2 X 8 PT HEADER8'-0"8'-0"9'-6"8'-0"8'-0"8'-0"8'-0"SYNTHETICWOODDECKINGSYNTHETICWOODHANDRAILCAP2X12 PTWOODBEAMS - TYPJOISTS AT 1'-4" OC2 X 8 PT WOOD- TYPICAL U.N.O.PILINGPT WOOD9" DIA- TYPICALPVC COATEDWIRE MESH-TYPICAL2X12 PTWOODBEAMSDOUBLE (2x)DOUBLE (2x)POSTPT WOOD6 X 6- TYPICAL2'-0"2 X 8 PT HEADER8'-0"8'-0"SYNTHETICWOODDECKINGSYNTHETICWOODHANDRAILCAP - TYPJOISTS AT 1'-4" OC2 X 8 PT WOOD- TYPICAL U.N.O.PILINGPT WOOD9" DIA- TYPICAL-TYPICALPVC COATEDWIRE MESH-TYPICAL2X6PT WOODVERT INTERIORRAIL - TYPICAL2X12 PTWOODBEAMS - TYPDOUBLE (2x)2X12 PTWOODBEAMS - TYPDOUBLE (2x)POSTPT WOOD6 X 6- TYPICAL6'-6-1/2"7'-10"1'-0"6'-6-1/2"6'-6-1/2"1'-0"6'-6-1/2"3'-7"SYNTHETICWOODDECKINGSYNTHETICWOODHANDRAILCAPJOISTS AT 1'-4" OC2 X 8 PT WOOD- TYPICAL U.N.O.PILINGPT WOOD9" DIA- TYPICAL8'-0"2X12 PTWOODBEAMSDOUBLE (2x)3'-7"7'-10"SYNTHETICWOODDECKINGSYNTHETICWOODHANDRAILPILINGPT WOOD9" DIACAP- TYPICALJOISTS AT 1'-4" OC2 X 8 PT WOOD- TYPICAL U.N.O.2X12 PTWOODBEAMSDOUBLE (2x)SHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23FLOOR PLANSECTION BSOUTH ELEVATION FRAMING PLANWEST ELEVATION SCALE: 1/4" = 1'-0"SCALE: 1/4" = 1'-0"SCALE: 1/4" = 1'-0"SCALE: 1/4" = 1'-0"SECTION ASCALE: 1/4" = 1'-0"SCALE: 1/4" = 1'-0"3SR-52SR-54SR-55SR-56SR-51SR-57SR-55SR-56SR-5CDDETAIL CDETAIL DDETAIL EDETAIL FMITERED CORNER W/ BEVEL EDGESWRAPPED MESHAT CORNERTYPICAL SPLICE MESH AT RAIL /SPLICE AT BOTTOM RAILDOUBLE 2 X 8SPLICE7SR-57SR-57SR-5 TO EXIST CONC WALKNEW CONCRETE SIDEWALK2X6 PT WOODHOR'Z TOP RAIL-TYPICALSYNTHETICWOODDECKINGSYNTHETICWOODHANDRAILCAP - TYPJOISTS AT 1'-4" OC2 X 8 PT WOOD- TYPICAL U.N.O.PILINGPT WOOD9" DIA- TYPICAL-TYPICALPVC COATEDWIRE MESH-TYPICAL2X6PT WOODVERT INTERIORRAIL - TYPICAL2X12 PTWOODBEAMS - TYPDOUBLE (2x)LEVELLAKEPOSTPT WOOD6 X 6- TYPICALNEWCONCRETESIDEWALKBOTTOMINSTALL GEOTEXTILE FABRIC(MIRAFI 440 WOVEN, OR EQUAL (STAKED), THEN PROVIDE NEW RIP RAP (12" +/- IN. THICKNESS)ON THE SLOPE (PER FDOT SECTION 530)X 3'-0" WIDER THAN THE RAMP TO INCLUDE A 2' X 2' TOE FILLED WITH RIP RAP.RIP RAP(ELEVATION 7.97 /WATER LINEAS OF 5/31/22)8'-0" MIN TYPICAL ALUMINUMGUARDRAIL(PER CODE)8'-0"9'-6"8'-0"8'-0"8'-0"8'-0"2'-0"8'-0"8'-0"NEW 6'-0" WIDE3'-0"8'-0" MIN X-BRACING2 X 8-TYPICALAT INTERSECTION3/4" HDG BOLTOF THE X-BRACEW/ PT WD SPACER-TYPICALSYNTHETICWOOD60'-0"DECKINGSYNTHETICWOODHANDRAILCAP10'-0"3'-0"CONCRETESIDEWALK10'-0"ALUMINUMGUARD RAIL(PER CODE)PIPEBUMPER36'-0" NEW 6'-0" WIDECONCRETESIDEWALK CL3'-0"1'-6"DIA3'-0"SHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23FLOOR PLANSCALE: 1/4" = 1'-0"OVERALL NORTH ELEVATION SCALE: 1/4" = 1'-0"BOLLARD DETAILSCALE: 1/2" = 1'-0"CONCCAPCONCBASEMIN 0.188 WALL THKSLOPE CONCFOOTING6" DIA STD GALVSTEEL PIPE FILLEDW/ CONC (APPLY 2COATS YELLOW PAINT)2X8 PT MEMBERS W/SINGLE 3/4" HDG THRU BOLTW/ WASHERS (BOTH SIDES)2X8 PT MEMBERS W/SINGLE 3/4" HDG THRU BOLTW/ WASHERS (BOTH SIDES)2X8 PT MEMBERS W/SINGLE 3/4" HDG THRU BOLTW/ WASHERS (BOTH SIDES)X BRACINGX BRACINGX BRACING 3'-7"7-1/2"1-1/2"1-1/2"5 1/2"2"SHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23DETAIL 1SCALE: 1-1/2" = 1'-0"DETAIL 2DETAIL 3DETAIL 4SCALE: 1-1/2" = 1'-0"SCALE: 1-1/2" = 1'-0"SCALE: 1-1/2" = 1'-0"DETAIL 5SCALE: 6" = 1'-0"DETAIL 6DETAIL 7SCALE: 1" = 1'-0"SCALE: 1-1/2" = 1'-0"SYNTHETIC WOODRAILING CAPWOOD HOR'ZTOP RAIL6 X 6 PT WOODPOSTWOOD VERTINTERIOR RAILWOOD HOR'ZBOTT RAIL2-2 X 12 PT WOODBEAM9" DIAPT WOODPILING2 X 8 PT WOOD JOISTAT 1'-4" OC - TYP9" DIAPT WOODPILING2 - 3/4" DIATHRU BOLTS(HDG)9" DIAPT WOODPILINGSYNTHETIC WOODDECKINGSYNTHETIC WOODDECKINGSYNTHETIC WOODRAILING CAP6 X 6 PT WOODPOSTPVC COATEDWIRE MESH9" DIAPT WOODPILINGSYNTHETIC WOODDECKINGPVC COATEDWIRE MESHPVC COATEDWIRE MESH3 - #10 X 2-1/2" SS ANCHORSEVENLY SPACED AT EACH MEMBERAT THE JOISTS - TYPICAL2 X 6 PT WOODHOR'Z BOTT RAIL3 - #10 X 2-1/2" SS ANCHORSEVENLY SPACED AT EACH MEMBERAT EACH PT POST - TYPICALSYNTHETIC WOODRAILING CAP(AND NTE 12" OC BETWEEN POSTS)6 X 6 PT WOODPOSTPVC COATED WIREMESH: SECURE MESHSEAL CUT ENDSOF ALL LUMBERSIMPSONSS H10A W/2 - 3/4" HDGTHRU BOLTSCL6 X 6 PT POST6 X 6 PT POST2 - 3/4" DIATHRU BOLTS(HDG) W/PVC COATEDWIRE MESH2 - 2 X 8 PTWOOD JOISTSDOUBLE (2x)W/ WASHERS10d SS NAILS- TYPICAL2-2 X 12 PT WOODBEAMDOUBLE (2x)WASHERS2 X 8 PT WOOD JOISTAT 1'-4" OC - TYP2-2 X 12 PT WOODBEAMDOUBLE (2x)2-2 X 12 PT WOODBEAMDOUBLE (2x)2 X 8 PT WOOD JOISTAT 1'-4" OC - TYP2 - 3/4" DIATHRU BOLTS(HDG) W/WASHERS2 - 3/4" DIATHRU BOLTS(HDG) W/WASHERS2 - 3/4" DIATHRU BOLTS(HDG) W/WASHERS2 - 3/4" DIATHRU BOLTS(HDG) W/WASHERS2-2 X 12 PT WOODBEAMDOUBLE (2x)2 - 1/2" HDGCARRIAGE BOLTSW/ WASHERS1/2" HDG CARRIAGE BOLTSW/ WASHERS - TYPICAL(BOLT LOCATIONS TO BESPACED EQUALLY NTE 12" O.C.)2-2 X 12 PT WOODBEAMDOUBLE (2x)2 - 3/4" DIATHRU BOLTS(HDG) W/WASHERS2 X 8 PT WOOD JOISTAT 1'-4" OC - TYPWITH SS (18ga X 3/4")STAPLES AT 4" OC(STAGGERED)SIMPSONSS H10A-2 W/10d SS NAILS9" DIA PT WOODPILING - TYPICALNOTCH EA SIDE(TYPICAL)THE END SCREW TO BE SPACED EQUALLY NTE 12" O.C.2 X 6 SYNTHETIC2 X 6 SYNTHETIC2 X 6 SYNTHETICWOOD HOR'ZTOP RAIL2 X 6 SYNTHETICWOOD HOR'ZTOP RAILWOOD VERTINTERIOR RAILWOOD HOR'ZBOTT RAIL2 X 6 SYNTHETIC2 X 6 SYNTHETIC2 X 6 SYNTHETIC2-1/2" HDG CARRIAGE BOLTSW/ WASHERS - TYPICAL(BOLT LOCATIONS TO BESPACED EQUALLY AT EACHVERTICAL POST) 8"3'-0"WOOD DECKCONCRETE SIDEWALKWITH FIBERMESH3'-6" 6" 1'-0" 3" CLR BOTT 1/2"6"6" 2" CLR TOP A8'-0"WOOD DECK10'-0"3'-0"6'-0"EQEQSHEETJOB:DATE:SCALE:AS NOTEDCLIFF STEPHENS PARK 600 FAIRWOOD AVENUE CLEARWATER, FL 33759OF 7 SHEETS1/10/23EAST DOCK REPLACEMENTCLWRC22001 ISSUE FOR OWNER'S USE 1/10/23SECTION ASCALE: 3/4" = 1'-0"ELEV 14.0NEW CONCRETE SIDEWALKPLAN VIEWSCALE: 1" = 1'-0"6" DIA STD GALVSTEEL PIPE BOLLARDFILLED W/ CONCALUMINUMGUARD RAIL(PER CODE)- TYPICALTOOLED EDGECOMPACTED SOIL#4 BARSAT 12" OCEWRIP RAP(2) #4 BARSOPTIONALKEYWAY(2) LAYERS10 MIL VISQUEEN#4 CORNER BARSTO MATCH HORIZ.WALL BARS Proposal 5/11/2023 TO: Matt Anderson, Parks Senior Manager City of Clearwater Parks & Recreation 100 S. Myrtle Ave. Clearwater, FL 33756 RE: CLIFF STEPHENS PARK RECREATIONAL PIER CONTRACT NO. CITY PROJECT NO. As requested, enclosed is the proposal for construction of the Cliff Stephens Park Recreational Pier submitted in accordance with technical specs/plans/study/clarifications of this letter/attached line item work,etc., for a Guaranteed Maximum Price of $292,811.31. Scope of Work: As per plans by Pennoni dated 1/10/2023, and attached Summary with list of clarifications dated 5/8/2023. Cost Detail: Description Amount Cost of Work $209,797.82 Subtotal $209,797.82 General Conditions $20,487.00 General Liability/Workers Comp/Automotive Insurance $4,390.50 P&P Bond $7,317.50 Construction Management Fee $24,199.28 Contingency 10% $26,619.21 Guaranteed Maximum Price $292,811.31 Project Duration shall be 120 calendar days from the date of the Notice to Proceed. Existing Contract: This proposal is submitted in conjunction with the existing Construction Manager at Risk Services Continuing Contract entered into with the City of Clearwater on September 23, 2020, based on RFQ #40-20. If GMP Exceeds $150,000: Per Section III, Article 5.1 of the Contract Specifications, the contractor shall provide to the public entity a certified copy of the recorded bond. Once the City receives a certified copy of the recorded bond, a Notice to Proceed may be issued. Include the attached bond form as well as the Power of Attorney. For work performed, invoices shall be submitted to the City of Clearwater, Parks & Recreation Department, Attn: Matt Anderson, Parks Senior Manager, P.O. Box 4748, Clearwater, Florida, 33758-4748. Contingency services may be billed only after written authorization is provided by the City to proceed with those services. CERTUS BUILDERS, INC. By: _________________________________ Sharon A Sumner President _____________________________________ Date CITY OF CLEARWATER, FLORIDA Approved as to form: Attest: ____________________________ By: _______________________________ Melissa Isabel Rosemarie Call Assistant City Attorney City Clerk Countersigned: ____________________________ ___________________________________ Brian Aungst Sr. Jennifer Poirrier Mayor City Manager ____________________________ ___________________________________ Date Date Cliff Stevens Park Recreational Pier 5/8/2023 SUMMARY COST 1 Mobilization 3,750.00$ 2 Miscellaneous Site 16,134.52$ 3 Marine Work 189,913.30$ Subtotal Cost of Improvements (Lines 1 - 3)209,797.82$ CMAR General Conditions 20,487.00$ Insurance 4,390.50$ P&P Bond 7,317.50$ CMAR Fees 24,199.28$ Owner's Contingency 10%26,619.21$ Total 292,811.31$ Clarifications Pile Drive Monitoring is not included Proposal is based on Plans dated 1/10/2023. Price is based on an July 2023 start of construction. We have included a P&P Bond Builders Risk insurance is not included Davis Bacon not included TRADE Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0706 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Planning & Development Agenda Number: 6.1 SUBJECT/RECOMMENDATION: Provide direction on Clearwater 2045 Parks and Public Places, Conservation and Coastal Management, and Support Services Chapters. (WSO) SUMMARY: A comprehensive plan is a long-range policy document that guides decisions on the future growth and sustainability of the city. The Planning and Development Department is currently rewriting the City’s current comprehensive plan, which was adopted in 2008, to update the vision, goals, objectives, and policies covering a wide range of topics including land use, transportation, housing, utilities, recreation and open space as well as many others. Staff hosted four public meetings in April and May to update the community on the rewrite process and allow for input on the draft chapters, which were made available online at the Clearwater2045.com website. Additionally, staff presented the draft Quality Places and Mobility Chapters of Clearwater 2045 to the Community Development Board, in their capacity as the city’s Local Planning Agency, for their input at a special meeting on May 10, 2023. Then at their regular meeting on May 16, 2023, the Parks & Public Spaces, Conservation & Coastal Management, and Support Services Chapters were presented to the Board for feedback. Staff presented the Conservation & Coastal Management Chapter as well as any other goals, objectives, or policies in the chapters that cover an environmental or resiliency topic to the Environmental Advisory Board for their input at a special meeting on May 17, 2023. The Planning and Development Department is seeking input from City Council prior to bringing the full Clearwater 2045 plan before them for public hearing on September 21, 2023. Staff presented the draft Quality Places and Mobility Chapters to City Council at their June 5, 2023 work session, and will present the Parks & Public Spaces, Conservation & Coastal Management, and Support Services Chapters at the June 12, 2023 City Council work session. APPROPRIATION CODE AND AMOUNT: N/A USE OF RESERVE FUNDS: N/A Page 1 City of Clearwater Printed on 6/8/2023 DRAFTA bright and beautiful future. A bright and beautiful future. Parks & Public Places DRAFTTABLE OF CONTENTS INTRODUCTION ........................................................iii EXISTING CONDITIONS................................................................iii GOAL PPP 1 ..................................................................2GOAL PPP 2 .................................................................3GOAL PPP 3 .................................................................7 LIST OF MAPS PPP 1. Parks Facilities ..................................................1 LIST OF TABLES PPP A. Facility LOS ...................................................iii DRAFTOrd. xxxxx-23 | PPP.iii INTRODUCTION This chapter offers guidance for ensuring the city’s parks system continues to provide opportunities for all residents and visitors. This chapter offers recommendations for equity opportunities but is mostly the existing Open Space and Recreation Element with small edits. The Parks and Recreation Department is currently undergoing an update to the Parks Master Plan, and that update is anticipated to be completed by the end of 2023. It is anticipated that upon adoption of the updated master plan, amendments to this chapter will follow to capture the most up to date data. EXISTING CONDITIONS Over the last decade, the Parks and Recreation Department has shifted focus from new park development to park redevelopment and renovation. As the majority of park infrastructure was built prior to 2010, future focus and planning efforts should be centered around the reconstruction, renovation, and improvement of those existing facilities. Some of the major facility improvements and projects over the past decade include the following:• Rejuvenation project of Beachwalk Promenade• BayCare Ballpark Scoreboard and structural repairs• Development of Walter C. Campbell Park and Buccaneer Field• Pier 60 Park renovations and Play Plaza• Papaya Street Plaza & Pier at Clearwater Beach• Crest Lake Park Renovations & Veterans Plaza improvement There are numerous future projects including the ongoing development and activation of Imagine Clearwater and Downtown Waterfront, Ream Wilson Trail Head enhancements, BayCare Ballpark capital improvements, and Beachwalk refurbishment. Planned projects that are awaiting funding include the development of Cooper’s Point Park, enhancements to neighborhood parks, and retrofit of ballfield lighting with LED technology. There are 12 different types of facility types for which existing levels of service (LOS) identify surpluses or potential gaps, found in Table PPP A. These standards are based upon guidelines from professional associations such as the National Recreation and Parks Association (NRPA), as well as management practices such as the Florida Statewide Comprehensive Outdoor Recreation (SCORP). Type of Facility Guidelines Recommended Clearwater Gap/Surplus Basketball Courts 1 court per 7,340 16 22 6 Recreation Centers 1 center per 24,683*5 7 2 Diamond Fields (Ballfields) 1 field per 2,900*40 34 (6) Dog Parks 1 park per 43,333 3 3 0 Golf Course (9 hole)1 course per 24,952*5 6 1 Multipurpose Fields 1 field per 3,783*31 18 (13) Playgrounds 1 per 3,364 (ages 0-14)6 27 21 Indoor Swimming Pools 1 pool per 47,800*2 1 (1) Outdoor Swimming Pools 1 pool per 33,128*4 4 0 Tennis Courts 1 court per 4,375*27 42 15 Volleyball Courts 1 court per 5,000 23 10 (13) Bike Trails 1 mile per 2,000 58.5 17 (41.5) Estimates based on 2020 population estimates (117,084)*Parks & Recreation National 2013 Database Report (median jurisdiction population per facility) Table PPP A. Facility LOS DRAFTPARKS & PUBLIC PLACES PPP.iv | Clearwater Comprehensive Plan However, these standards for determining levels of service are being phased out with the prevalence of community performance-based models. Performance-based models afford local communities the opportunity to engage in defining service levels based on the varying geographical, cultural, climatic, and socioeconomic characteristics of the service area. These standards grant cities the ability to remain responsive to shifting community priorities over time, in anticipation of meeting the needs of residents alongside development efforts. Currently, the city retains a surplus of vacant land that was purchased for future neighborhoods parks. The decision to develop these parks is based on numerous management conditions, including the existing community preferences, available fiscal resources, and the ability to maintain landscapes concurrent with adopted citywide standards and expectations. The city is also currently providing just over twice as much acreage of core parkland acreage, 8.85 acres per 1,000 people, then the current adopted LOS of 4 acres per 1,000 people. Core parkland is defined as community, neighborhood, and environmental parks, with the city currently providing 1,048.38 acres of core parkland. Additionally, the city maintains 722.17 acres of special facilities and open space parkland. When coupled with core parkland, the city has a total of 1,770.55 acres in total parkland, which equates to 14.94 acres per 1,000 residents, based on 2022 population estimates. Currently, there are 109 parks within the city broken down as follows: 7 community, 28 environmental, 24 neighborhood, 23 open space, and 27 special facilities which include golf courses, baseball/softball fields, or multiuse fields. Pier 60 Park DRAFTOrd. xxxxx-23 | PPP.1 PPP 1. Parks Facilities S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdPPP 1. Parks FacilitiesClearwater 2045 Map Not to Scale Source(s): City of Parks & Recreation DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/18/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Parks_PublicPlaces_Maps.aprx Community Environmental Park Neighborhood Open Space Park Special Facilities Planning Area DRAFTPARKS & PUBLIC PLACES PPP.2 | Clearwater Comprehensive Plan Consider the needs of all users when designing open spaces, trails, and parks and recreation facilities. OBJECTIVE PPP 1.1Consider the equity of all users when designing, developing, or redeveloping open spaces, trails, and parks and recreation facilities. POLICIES PPP 1.1.1Ensure that parks and open space amenities provide equal opportunities for all users. PPP 1.1.2Consider a transit program that would assist residents with disabilities to easily access the city’s parks, trails, recreation facilities, or open spaces. GOAL PPP 1 PPP 1.1.3Evaluate and update the Aging Well Master Plan as necessary. PPP 1.1.4Expand access to beach-friendly wheelchairs and the use of beach-accessible mats on public beaches. PPP 1.1.5Continue to provide accessible bicycle parking at all park and recreation facilities. Shared Use Path DRAFTOrd. xxxxx-23 | PPP.3 Ensure that natural features of the city are preserved, and that parkland, trails, open spaces, and parks and recreation facilities are located in appropriate areas of the city. OBJECTIVE PPP 2.1Ensure that an adequate supply of parks, open spaces, trails, and recreation facilities are developed and maintained to meet the level of service standards established by the city. POLICIES PPP 2.1.1Maintain the established minimum level of service standard of 4 acres of parkland for every one thousand persons for citywide application. OBJECTIVE PPP 2.2Continue to increase the supply of parkland in areas needing additional parks and recreational facilities. POLICIES PPP 2.2.1Continue to review service radii and primary service guidelines for recreation facilities. PPP 2.2.2Continue to acquire parkland for new supplemental parks to meet deficiencies. PPP 2.2.3Maintain the provisions of the city charter regarding the required referendum prior to approval the sale of public parklands to ensure adequate public recreation and open space lands within the city. GOAL PPP 2 DRAFTPARKS & PUBLIC PLACES PPP.4 | Clearwater Comprehensive Plan PPP 2.2.4Address the varying needs of the city’s diverse population when creating and implementing parks and recreation plans with special attention to the needs of those who may have significantly limited recreational alternatives. PPP 2.2.5Continue to locate new neighborhood parks near schools, local or collector roads, and transit routes if feasible. PPP 2.2.6Continue to locate new community parks and expansions to existing community parks adjacent to arterial streets and/or transit routes whenever possible. OBJECTIVE PPP 2.3Preserve natural open space areas which constitute aesthetic, and/or ecological community assets. POLICIES PPP 2.3.1Continue to administer landscape, drainage, and impervious surface regulations in the Community Development Code to maintain adequate open space within the city. PPP 2.3.2Pursue designation and acquisition of open space through the creation of green permeable areas in easements, traffic islands, etc., in compliance with the city’s Community Development Code. PPP 2.3.3Continue to protect existing lands designated as Preservation and Recreation/Open Space on the Future Land Use Map and designate appropriate city-owned lands as Preservation or Recreation/Open Space on the Future Land Use Map whenever feasible. PPP 2.3.4Provide open space properties which have the diversity of resources necessary for nature study and the enjoyment of natural assets in order to assure environmental understanding whenever possible. PPP 2.3.5Coordinate recreation planning with other plans concerning water quality, stormwater management, fish and wildlife management, and environmental education. Playground at Del Oro Park DRAFTOrd. xxxxx-23 | PPP.5 OBJECTIVE PPP 2.4Enhance and maintain the city’s unique physical characteristics by making the best use of existing and potential open spaces and recreation lands. POLICIES PPP 2.4.1Continue to maintain environmental integrity of city-owned parks, recreation, and open spaces. POLICIES 2.4.2Prohibit land uses and known actions with adverse impacts from locating near recreational areas. PPP 2.4.3Utilize and preserve areas of ecological, historical, or archaeological value for parks and recreation when possible. PPP 2.4.4Continue to enhance city-owned open space and natural areas by restoring degraded natural communities and eradicating non-native vegetation. OBJECTIVE PPP 2.5Develop new and enhance existing blueways, greenways, and recreational trail systems throughout Clearwater. POLICIES PPP 2.5.1Continue to develop greenways and trails as identified in Shifting Gears-Clearwater’s Bicycle and Pedestrian Master Plan. PPP 2.5.2Provide new access or enhance/maintain existing access to blueways where possible for recreational use. Bicyclist at Coachman Ridge DRAFTPARKS & PUBLIC PLACES PPP.6 | Clearwater Comprehensive Plan OBJECTIVE PPP 2.6Utilize the city’s 2013 Parks and Recreation System Master Plan to guide park development throughout the city. POLICIES PPP 2.6.1Complete the process of updating the Parks and Recreation Master Plan and Parks and Recreation Impact Fee ordinance by the end of 2023. PPP 2.6.2Incorporate findings from the 2023 Parks and Recreation Master Plan into the Parks and Recreation Element of the Comprehensive Plan no later than 2025. PPP 2.6.3Continue to implement the priority, medium-term and long-term actions, and continuous actions/policies as detailed in the 2013 Parks and Recreation System Master Plan as funds become available. Outdoor Basketball at Countryside Recreation Center DRAFTOrd. xxxxx-23 | PPP.7 Utilize the parks and recreation impact fee to improve the park system within the city. OBJECTIVE PPP 3.1Continue administration of the parks and recreation impact fee. POLICIES PPP 3.1.1Continue to enforce the adopted requirements of Chapter 54 of the city’s Community Development Code for the express purpose of maintaining the existing levels of service of recreation lands and facilities. PPP 3.1.2Expend funds collected under Chapter 54 requirements at any location in the city for recreation facilities and open space uses. PPP 3.1.3Consider the needs of primary users in conjunction with this plan or as determined by the Parks and Recreation Department Director and approved by the City Manager or designee when expending funds collected under Chapter 54. PPP 3.1.4Provide an incentive within the city’s recreation facility impact fee structure for private developers to affordable housing dwelling units. PPP 3.1.5Review, and revise if necessary, the city’s recreation and open space land dedication requirements. GOAL PPP 3 A bright and beautiful future. A bright and beautiful future. Conservation & Coastal Management DRAFT TABLE OF CONTENTS INTRODUCTION ........................................................iii Existing Conditions ......................................................................iii GOAL CCM 1 ................................................................2GOAL CCM 2 ...............................................................7GOAL CCM 3 .............................................................14GOAL CCM 4 ..............................................................15GOAL CCM 5 ..............................................................18 LIST OF MAPS CCM 1. Wetlands ......................................................ivCCM 2. Soils ...............................................................viCCM 3. Living Marine Resources ........................viiiCCM 4. Vegetation ...................................................ixCCM 5. Public Access ..............................................xiCCM 6. Coastal High Hazard Area .....................xivCCM 7. Coastal Storm Area ..................................xvCCM 8. Flood Zones ..............................................xviCCM 9. CSA Land Uses ............................................10CCM 10. Evacuation Zones .......................................11CCM 11. Evacuation Routes .....................................12LIST OF TABLES CCM A. Water Resources ........................................iiiCCM B. Soil Types ......................................................vCCM C. Species of Special Concern ....................vii DRAFT Ord. xxxxx-23 | CCM.iii INTRODUCTIONThis chapter offers guidance for protecting and preserving those natural resources found within the city as well as coastal areas, while also introducing sustainable and resilient techniques for development and redevelopment. The city is uniquely vulnerable to flooding as the city’s boundaries stretch between the Gulf of Mexico and Old Tampa Bay and also includes the barrier islands of Sand Key and Clearwater Beach. EXISTING CONDITIONS NATURAL RESOURCES Water ResourcesDue to the unique nature of Clearwater lying between the Gulf of Mexico and Old Tampa Bay, there is a wide variety of waterborne resources. Surface waters are common in the city and take the form of freshwater ponds and lakes as well as stormwater ponds. There are also numerous drainage basins for groundwater and large areas of wetlands are found within the city, primarily concentrated in Clearwater Harbor and Old Tampa Bay. Table CCM A details these water resources, and map CCM 1 shows the wetlands. Surface Waters Surface waters consist mostly of freshwater ponds and lakes in addition to stormwater ponds. Groundwaters The Tampa Bay/Anclote River watershed is the only watershed in the city. There are 13 different drainage basins in the city: Bishop Creek, Alligator Creek, Long Bayou, Jerry Branch, Stevenson Creek, Mullet Creek, Belleair Golfclub Run, Curlew Creek, Allen Creek, Lake Tarpon Canal, Tampa Bay, Direct Runoff to Gulf and Direct Runoff to Bay. Wetlands Estuarine and marine wetlands are prevalent in Old Tampa Bay and in Clearwater Harbor, but a mix of other types of wetlands are located more inland. Source: Tampa Bay Water Atlas, USF Water Institute Table CCM A. Water Resources DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.iv | Clearwater Comprehensive Plan CCM 1. Wetlands S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 1: WetlandsClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Estuarine and Marine Deepwater Estuarine and Marine Wetland Freshwater Emergent Wetland Freshwater Forested/Shrub Wetland Freshwater Pond Lake Riverine Planning Area DRAFT Ord. xxxxx-23 | CCM.v Table CCM B. Soil Types Soil ResourcesNot including water or submerged lands, there are 30 types of ground coverings found in the city, with the most popular being soils and urban lands which account for approximately 54.6% of the total acreage. Other ground coverings include different sands and muck, and there are no commercially valuable minerals that are extracted within the city. Additionally, there are no hazardous waste sites within the city. Map CCM 2 shows the distribution of ground coverings within the city, with Table CCM B detailing the breakdown of the ground coverings. Classifications Acres Percent Adamsville soils and Urban Land, 0 to 5 percent slopes 1,571.8 2.1 Anclote fine sand, depressional 251.2 0.7 Astatula soils and Urban Land, 0 to 5 percent slopes 767.8 2.2 Astatula soils and Urban Land, 5 to 12 percent slopes 8.4 0.0 Basinger fine sand-Urban land complex, 0 to 2 percent slopes 28.3 0.1 Basinger fine sand, frequently ponded, 0 to 1 percent slopes 44.6 0.1 Beaches 538.5 1.6 Dumps 51.4 0.1 EauGallie soils and Urban land 72.6 0.2 Felda soils and Urban land 45.7 0.1 Felda fine sand, frequently ponded, 0 to 1 percent slopes 29.5 0.1 Immokalee soils and Urban land 1,571.8 4.6 Kesson fine sand, very frequently flooded 179.1 0.5 Manatee loamy fine sand, frequently ponded, 0 to 1 percent slopes 33.8 0.1 Matlacha and St. Augustine soils and Urban land 2,406.1 7.0 Myakka soils and Urban land 6,398.8 18.6 Okeechobee, frequently ponded, 0 to 1 percent slopes 20.0 0.1 Palm Beach fine sand, 0 to 8 percent slopes 111.2 0.3 Classifications Acres Percent Paola and St. Lucie soils and Urban land 156.9 0.5 Paola and St. Lucie soils and Urban land, 5 to 12 percent slopes 9.1 0.0 Pineda soils and Urban land 3.8 0.0 Pits 56.6 0.2 Placid fine sand, frequently ponded, 0 to 1 percent slopes 219.8 0.6 Pomello soils and Urban land, 0 to 5 percent slopes 1,007.5 2.9 Samsula muck, frequently ponded, 0 to 1 percent slopes 222.8 0.6 Seffner soils and Urban land 183.5 0.5 Tavares fine sand-Urban land complex, 0 to 5 percent slopes 3,801.0 11.1 Urban land, 0 to 2 percent slopes 886.6 2.6 Wabasso soils and Urban land 727.4 2.1 Wulfert muck, tidal, 0 to 1 percent slopes 3.3 0.0 Water/Submerged Land 13,825.3 40.1 Totals for Study Area 34,398.1 100.0 Source: National Resources Conservation Service, US Department of Agriculture, 2021 Table CCM B. Soil Types (con’t)DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.vi | Clearwater Comprehensive Plan CCM 2. Soils S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 2: SoilsClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Beaches Dumps Muck Pits Sands Soils Urban Land Planning Area DRAFT Ord. xxxxx-23 | CCM.vii Natural EcosystemsWhile the city is mostly an urban ecosystem with built out infrastructure, many natural ecosystems exist. The Gulf of Mexico, Clearwater Harbor, Stevenson Creek, and Old Tampa Bay provide a vast amount of habitat and wildlife, including mangrove forests, beach and dune systems, and seagrasses. In addition to natural habitats, marine wildlife exists within and around the city, including oysters and manatees. Seagrasses, mangroves, and oyster beds perform essential functions such as filtering pollutants from water and also provide erosion control. Map CCM 3 shows the living marine resources within the city, and map CCM 4 shows the vegetative areas within the city. Species of Special ConcernWithin the city, there are numerous species of concern, consisting of plants, megafauna, birds, and invertebrates. Table CCM C details these species of concern. These species of concern are protected through numerous federal, state, or local protections such as the Endangered Species Act, Marine Mammal Protection Act, U.S. Migratory Bird Treaty Act, Mangrove Trimming and Preservation Act (1996), or speed zones or fines. Table CCM C. Species of Special Concern Plants Mangroves, Seagrass Megafauna Bottlenose Dolphin, Florida Manatee, and five species of sea turtles, all of which are federally protected under the Endangered Species Act Birds American Oystercatcher, Snowy Plover, Black Skimmer, Least Terns Invertebrates Oysters Source: Florida Fish and Wildlife Conservation Commission Shore Mapper; Comprehensive Conservation and Management Plan for Clearwater Harbor and Saint Joseph Sound, December 2011 DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.viii | Clearwater Comprehensive Plan CCM 3. Living Marine Resources S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 3: Living Marine ResourcesClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Artificial Reefs Continuous Seagrass Patchy (Discontinuous) Seagrass Planning Area DRAFT Ord. xxxxx-23 | CCM.ix CCM 4. Vegetation S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 4: VegetationClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Saltwater Marsh Mangrove Habitats Tidal Flats Salt and Brackish Water Marsh Freshwater Marsh Swamps Scrub, Shrub Wetlands Planning Area DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.x | Clearwater Comprehensive Plan COASTAL RESOURCES INVENTORY Commercial Important Coastal ResourcesThe most commercially important coastal resource of the city is Clearwater Beach, which service as the economic driver of the city through tourism. The beach supports numerous commercial activities, and maintaining the environmental conditions of the beach is vitally important for the economic health of the city. In addition to Clearwater Beach, Coachman Park is another important coastal resource of the city. Currently under renovation and expected to open during the summer of 2023, Coachman Park will include an expansive park and recreational space, including a new 4,000 covered-seat amphitheater, and is anticipated to become a gateway to Downtown from the intracoastal waterway. Culturally Important Coastal ResourcesThere are three means to recognize important properties or places; the first is through the National Register of Historic Places (NRHP), the second is through the Florida Mater Site File, and the third is through a local historical designation. Within the coastal areas of the city, there are only Master Site File locations that still survive. Three of these locations are located on Clearwater Beach, 333 and 351 South Gulfview Boulevard and 827 Mandalay Avenue, and six locations are located near Old Tampa Bay, 517, 520, 603, 707, and 725 South Bayview Avenue and 3204 Gulf to Bay Boulevard. Map QP 7 found within the Quality Places Chapter shows locations of all of the historical sites within the city. Ecologically Important Coastal ResourcesSome of the many ecologically important resources within the city include mangroves, seagrasses, salt marshes, mangroves, oyster beds, and the beach. Mangroves, seagrasses, and salt marshes are considered blue carbon resources and these act as carbon sinks, resources that store carbon dioxide from rising into the atmosphere. Mangroves, in addition to oyster beds, also aid in filtering pollutants from the water which can help to reduce red tide levels while supporting natural habitats and erosion control. Lastly, the beach is a natural site for sea turtle nesting, and continued efforts need to be made to protect sand amounts and turtle nests. Recreationally Important Coastal ResourcesBoat AccessThe city has two boat ramps, the largest and recently updated Seminole Boat Ramp, as well as the Clearwater Beach Public Boat Ramp. Both ramps are open 24/7, and additionally, there are numerous public boat slips located at Clearwater Beach Marina, Clearwater Harbor Marina, Island Estates, and Clearwater Recreation Center. In addition to boat ramps, there are numerous canoe and kayak launching points within the city, located at both boat ramps in addition to Mandalay Park, Sand Key Park, Cooper’s Bayou Park, Lake Chautauqua Park, the south sides of the Courtney Campbell and Memorial Causeways, and at the southern terminus of Bayview Avenue. Beach Access & ParkingClearwater Beach has multiple public access points, Map CCM 5, along Mandalay Avenue, Coronado Drive, and South Gulfview Drive, and Sand Key Park has additional public access points. Clearwater Beach has both public and private parking for a cost. In parking lots or garages, there are 587 public spaces, with an additional 289 on-street parking spaces. Additionally, there are 346 parking spaces at the Clearwater Beach Marina for marina activities.DRAFT Ord. xxxxx-23 | CCM.xi CCM 5. Public Access S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 5: Public AccessClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Canoe Launches Boat Ramps Inlets Passes Public Beach Access Planning Area DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.xii | Clearwater Comprehensive Plan SUSTAINABLE USE AND MANAGEMENT OF NATURAL RESOURCES Surface Waters & GroundwaterMost of the surface waters in the city are lakes and stormwater ponds. The city owns some of the stormwater ponds, and others have drainage easements over them so that maintenance can be performed. Maintenance includes removal of soils, plant overgrowth, and nuisance plant species as these can restrict water flow if not regularly maintained. Additionally, several stormwater ponds and lakes within the city have contracts with private firms to remove or spray for invasive plant growth. The only watershed in the city is the Tampa Bay/Anclote River Watershed which is fed by 13 drainage basins: Bishop Creek, Alligator Creek, Long Bayou, Jerry Branch, Stevenson Creek, Mullet Creek, Belleair Golfclub Run, Curlew Creek, Allen Creek, Lake Tarpon Canal, and Tampa Bay, all of which direct runoff to the Gulf of Mexico and Tampa Bay. WetlandsThe city’s wetlands provide ecological, economic, and social benefits through providing habitats for fish, wildlife, and plants; recharge groundwater; reduce flooding; provide clean drinking water; and support cultural and recreational activities. The U.S. Fish and Wildlife Services (FWS) is tasked with mapping all wetlands in the United States. Within the city, there are 83 wetlands which are divided into seven major categories based on the dominant vegetative cover. Drinking WaterResidents in Clearwater use approximately 11.1 million gallons of drinking water per day, with about 8% originating from a city-owned and operated groundwater well. The balance is purchased from Pinellas County Utilities. Cooper’s Point Water Quality ImprovementsA project to construct a 350 foot wide bridge opening in the Courtney Campbell Causeway, a 120 foot bridge opening in Cooper’s Point, and the dredging of approximately one foot of Cooper’s Bayou is expected to be permitted in the first half of 2023. This project would allow for the restoration of a historical channel through the bayou, creation of a multihabitat community including salt marsh, seagrass, and mangroves, and improved tidal exchange and circulation which will reduce the likelihood of algae blooms. Biophilic PlanningThe use of biophilic planning, which attempts to tie in the phenomena of the natural environment with the built environment together. The use of natural objects such as trees, waterways or plants in addition to using curves or irregular arcs within the built environment can help improve mental health and air and water quality. Urban AgricultureThe use of urban agriculture can help reduce transportation costs, reduce runoff associated with heavy rainfall, and lead to better air quality. It can also help increase resiliency through reducing inefficiencies caused by transporting food over long distances.DRAFT Ord. xxxxx-23 | CCM.xiii RESILIENCE TO SEA LEVEL RISE, FLOODING, AND STORMS Coastal High Hazard Area (CHHA)The Coastal High Hazard Area is the area below the elevation of a category 1 storm surge line as established by the Sea, Lake, and Overland Surges from Hurricanes (SLOSH) computerized storm surge model. This is required to be in the comprehensive plan per F.S. 163.3178; however, the city has established the Coastal Storm Area (CSA) which is based on the CHHA. The CSA includes the CHHA as well as parcels where the CHHA covers 20% or more of a parcel, portions of islands not inundated by the CHHA, and areas of the FEMA Velocity Zone (VE Zone) that are not included in Evacuation Level A. There are approximately 2,532 acres included in the CSA, and density and intensity increased are prohibited within the CHHA and CSA, and certain uses such as hospitals cannot locate within the CHHA or CSA. Map CCM 6 shows the CHHA, and Map CCM 7 shows the CSA. Floodplain ManagementFEMA maintains floodplain maps, which were updated in 2021, to depict areas of the city where flood risks are greatest. There are three flood zones defined as follows and shown on map CCM 8:• VE – Special Flood Hazard Area with water surface elevations determined and with velocity, that is inundated by tidal floods (CHHA);• AE – Special Flood Hazard Area subject to inundation by the 1-percent-annual-chance flood event with water surface elevations determined; and• A – Special Flood Hazard Area without water surface elevations determined. The city has adopted and enforces floodplain management ordinances and regulates construction as it related to flood zones pursuant to Florida Building Code standards. Clearwater Greenprint 2.0• In August of 2021, the city adopted Clearwater Greenprint 2.0 to help advance the community’s goal to reduce greenhouse gas (GHG) emissions. The two overarching goals are:• Reduce citywide GHG emissions 25% below 2007 levels by the year 2035; and• Reduce citywide GHG emissions 80% below 2007 levels by the year 2050. The expansion of electric vehicles (EV) and EV infrastructure, as well as expanding the use of low-to-zero emission vehicles, will help move the city towards the goals stated above. The city has committed to expanding the city’s fleet to EV or low-to-zero emission vehicles.DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.xiv | Clearwater Comprehensive Plan CCM 6. Coastal High Hazard Area S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 6: Coastal High Hazard AreaClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Category 1 Planning Area DRAFT Ord. xxxxx-23 | CCM.xv CCM 7. Coastal Storm Area S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 7: Coastal Storm AreaClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Coastal Storm Area VE Zone Line Cat. 5 Boundary Planning Area DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.xvi | Clearwater Comprehensive Plan CCM 8. Flood Zones S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 8: Flood ZonesClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx A / 100 Year Flood, No Base Elevation Detected AE / 100 Year Flood, Base Elevation Detected VE / Coastal Flood Area Planning Area DRAFT Ord. xxxxx-23 | CCM.1DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.2 | Clearwater Comprehensive Plan Continue to protect, enhance, and conserve natural resources within the city to provide for the long-term accessibility, enhancement, safety, economic viability, and environmental integrity of those resources. OBJECTIVE CCM 1.1Continue to protect dunes, beaches, floodplains, drainage ways, and all other natural resources from encroachment and development. POLICIES CCM 1.1.1Continue to protect and improve ambient air quality through administration of applicable standards in the Florida Administrative Code, Florida Department of Environmental Protection (FDEP), or other codes. CCM 1.1.2Continue to restrict development density or intensity and prohibit development seaward of the Coastal Construction Control Line unless approved by the FDEP and the city. CCM 1.1.3Continue to restore, preserve, and enhance disturbed or degraded dune and beach areas using native vegetation plantings such as sea oats, seagrass, or mangroves, or other natural materials in lieu of hardened structures. GOAL CCM 1 CCM 1.1.4Continue to minimize the disturbance of natural shorelines, dunes, and beaches which provide stabilization and protect landward areas from storm impacts through the use of local ordinances. Continue to prohibit the disturbance or destruction of beach and beach dunes from any form of construction except for access to and from the beach utilizing elevated wooden boardwalks CCM 1.1.5Ensure the use of natural and native beach vegetation is prioritized during beach and dune maintenance to help beach stabilization, shoreline protection, and erosion control. CCM 1.1.6Research and implement resilient standards for dune, shoreline, and seawall protection within the city’s Community Development Code. CCM 1.1.7Guide proposed development or redevelopment away from environmentally sensitive areas and ensure that proposed development or redevelopment does not encroach on, disturb, or remove natural wetlands or beaches without appropriate and approved mitigation techniques.DRAFT Ord. xxxxx-23 | CCM.3 CCM 1.1.8Continue to require proposed development or redevelopment to use stormwater facilities or natural filtration techniques to improve the quality of and slow the amount stormwater runoff into drainage basins. CCM 1.1.9Continue to restore and enhance disturbed or degraded drainage systems and estuaries through upstream detention of stormwater, maintenance of existing drainage channels, widening of bridges, culverts and other stormwater conveyance systems limiting impacts to wetlands and controlling operations of water-dependent uses. CCM 1.1.10Ensure that any construction within the 100-year floodplain (Zones A and AE, Map CCM 8) complies with all applicable building requirements and codes. CCM 1.1.11Continue to prohibit unauthorized vehicles from driving or parking on beaches and dunes within the city, unless within designated areas. CCM 1.1.12Continue to prohibit marinas or similar uses near areas of environmental significance unless they provide appropriate and approved mitigation techniques. CCM 1.1.13Require mitigation plans for alteration of non-jurisdictional wetlands, dunes, floodplains, or lakes at not less than a 1:1 ratio as approved by the Public Works Department and in coordination with the Southwest Florida Water Management District (SWFWMD). CCM 1.1.14Continue to use erosion control management programs during site development or redevelopment to contain site runoff and protect water quality. Dunes on Clearwater Beach DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.4 | Clearwater Comprehensive Plan OBJECTIVE CCM 1.2Continue to protect, maintain, enhance, and manage wetlands, estuaries, wildlife habitats, conservation areas, and city-owned land that are in their natural state from unnatural disturbances or adverse impacts from development in the city. POLICIES CCM 1.2.1Protect and conserve wetlands by directing incompatible future land uses away from wetlands. CCM 1.2.2Continue to protect natural and mitigated wetlands, conservation lands, marine life, shoreline vegetation, and wildlife habitats, especially threatened or endangered species, through professional wildlife management and habitat restoration techniques. CCM 1.2.3Continue to prohibit development that needlessly disturbs or destroys native vegetation. CCM 1.2.4Continue to maintain and protect the city’s wetland inventory as previously identified by prohibiting the dredging or filling of wetlands other than by natural phenomena. CCM 1.2.5Continue to recognize the importance of natural ecosystems and city parks as integral parts to the city’s urban environment and continue to protect these facilities and their functions. CCM 1.2.6Continue to protect and preserve mangroves and riverine floodways from disturbance and destruction through application of the Community Development Code. CCM 1.2.7Continue to designate environmentally sensitive wetlands, floodplains, or other environmentally significant areas with the Preservation (P) Future Land Use Map category and zoning district. CCM 1.2.8Continue to administer regulations providing for the protection of threatened and endangered species and species of special concern. CCM 1.2.9Continue to review standards for sea turtle lighting and update as needed. CCM 1.2.10Support the Cooper’s Point water quality project consisting of a new bridge opening in the Courtney Campbell Causeway and the restoration of a channel through Cooper’s Bayou.DRAFT Ord. xxxxx-23 | CCM.5 OBJECTIVE CCM 1.3Continue to protect all city-owned and maintained potable water wells from contamination and conserve current and future water sources. POLICIES CCM 1.3.1Continue to administer a wellfield protection ordinance to protect potable water wells and wellfields from contamination and continue to prohibit uses with hazardous materials or waste from locating within protection zones or within the 25-year floodplain. CCM 1.3.2Continue to expand reclaimed water service for use in irrigation to limit the use of potable water for irrigation. CCM 1.3.3Consider adopting performance standards to reduce the current rates of water consumption such as encouraging adherence to the State Water Conservation Act or instituting leak detection programs. CCM 1.3.4Continue to study the feasibility of implementing the Groundwater Replenishment Project to recharge the aquifer. Staff participating in a cleanup event DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.6 | Clearwater Comprehensive Plan OBJECTIVE CCM 1.4Manage stormwater discharges for flood protection and to preserve, protect, and enhance the water quality of stormwater runoff into receiving waterbodies. POLICIES CCM 1.4.1Update the stormwater manual and Community Development Code to provide additional low-impact development techniques. CCM 1.4.2Consider requiring stormwater plans to utilize natural features, low impact development techniques, the preservation of native vegetation, techniques that trap stormwater sediments, and the reduction of impervious surfaces to reduce and improve stormwater runoff from developments. CCM 1.4.3Incorporate water quality protection and enhancement criteria into city stormwater management plans. CCM 1.4.4Continue to utilize stormwater fees and stormwater ordinances to protect and enhance stormwater runoff for private developments and to fund public improvements. CCM 1.4.5Review and update waterbody management plans in accordance with the Surface Water Improvement and Management (SWIM) program and develop plans for waterbodies with known or suspected water quality problems as needed. CCM 1.4.6Develop water quality specific level of service criteria as required within the provisions of the National Pollution Discharge Elimination System (NPDES) permit issued to Pinellas County. CCM 1.4.7Incorporate water quality protection and enhancement criteria into the city stormwater management plans. CCM 1.4.8Include the use of natural alternatives, conservation of natural stormwater management systems, and protection and improvement of the quality of receiving waters in city stormwater management plans. CCM 1.4.9Continue to develop management plans on an ongoing basis for waterbodies with known or suspected water quality problems in the city including Tampa Bay, Clearwater Harbor, Stevenson Creek, Allen’s Creek, and Alligator Creek. CCM 1.4.10Prepare watershed or waterbody specific management plans including both water quality and flood control considerations and recommended funding sources and update them as necessary for waterbodies within the city. CCM 1.4.11Implement city-approved watershed management plans as appropriate and feasible. CCM 1.4.12Seek to meet applicable goals, guidelines, and regulations established to provide flood protection and pollution abatement in all stormwater management improvements.DRAFT Ord. xxxxx-23 | CCM.7 Protect development, redevelopment, and public facility investment from storm events and flood risks related to flooding, high-tide events, and sea level rise to reduce property losses. OBJECTIVE CCM 2.1Ensure proposed development or redevelopment includes strategies to reduce risk and losses due to flooding events, stormwater runoff, and impacts of sea level rise. POLICIES CCM 2.1.1Ensure proposed development or redevelopment within floodplains is consistent with applicable city plans, the Community Development Code, the Florida Building Code, and the National Flood Insurance Policy (NFIP) Community Rating System (CRS) Program. CCM 2.1.2Continue to bring non-compliant structures into conformance with FEMA standard, applicable building codes and the Community Development Code. GOAL CCM 2 DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.8 | Clearwater Comprehensive Plan OBJECTIVE CCM 2.2Identify city infrastructure and facilities that are susceptible to the impacts of flooding and sea level rise and evaluate city funded projects to assess vulnerabilities to maximize effective life spans. POLICIES CCM 2.2.1Prepare a report that identifies public facilities and infrastructure that is at risk from sea level rise. CCM 2.2.2Utilize vulnerability assessments to determine if a public facility or infrastructure should be built, rebuilt, modified, or relocated. CCM 2.2.3Evaluate incorporating stabilization or armoring of roadway shoulders or embankments where flood waters tend to wash roads out during construction or reconstruction. CCM 2.2.4Evaluate the feasibility of elevating roadways above base flood elevations to limit roadway flooding and allow roadways to be used during flooding events. CCM 2.2.5Consider implementing the use of a specific sea level rise scenario to use when designing critical city infrastructure to ensure that infrastructure lifespans are maximized to the fullest extent possible. OBJECTIVE CCM 2.3Research and implement standards for resilient protection within the city’s Community Development Code to address flooding, sea level rise, and storm events for all development in flood-prone and coastal areas of the city. POLICIES CCM 2.3.1Evaluate requiring additional freeboard, elevated finished floors, and wet/dry flood proofing for new development or substantial improvements. CCM 2.3.2Consider revising the city’s substantial improvement and substantial damage regulatory threshold to reduce the number of non-compliant structures. OBJECTIVE CCM 2.4Continue to protect and conserve public access to public beaches. POLICIES CCM 2.4.1Enhance access to public beaches through development of recreational lands, land acquisition, or easements, and maintenance of public access and parking to beaches renourished with public funds. CCM 2.4.2Continue to enforce the Coastal Zone Protection Act of 1985, prohibit vacations of existing or future beach access ways, and recognize that all public access ways, street ends, waterfront parks, and parking areas are beach access easements.DRAFT Ord. xxxxx-23 | CCM.9 OBJECTIVE CCM 2.5Direct permanent populations and certain uses away from the Coastal Storm Area as show in (Map CCM 7), which includes the Coastal High Hazard Area, to protect public health and limit public expenditures to only those necessary to serve existing and planned development and the restoration or enhancement of natural resources. POLICIES CCM 2.5.1Prohibit the location or expansion of hospitals, nursing homes, assisted living facilities, or other similar uses within the Coastal Storm Area. CCM 2.5.2Continue to allow development and redevelopment consistent with adopted densities and intensities and standards within the Community Development Code and Beach by Design: A Preliminary Design for Clearwater Beach and Design Guidelines. CCM 2.5.3Limit residential densities on those portions of properties within the Coastal Storm Area in the US 19 Corridor to those that were in place prior to implementation of the US 19 Future Land Use Map categories as shown on Map CCM 9. CCM 2.5.4Prioritize public expenditures that restore or enhance natural resources including program improvements. CCM 2.5.5Ensure that necessary infrastructure improvements are constructed in a phased approach to coincide with development demands to reduce the risk of loss. OBJECTIVE CCM 2.6Ensure that adequate hurricane evacuation times are maintained and evaluate ways to reduce evacuation times. POLICIES CCM 2.6.1Continue to use 16-hours as the adopted level of service standards for out-of-county hurricane evacuation clearance time for a category 5 storm-event. CCM 2.6.2Require disaster plans for hospitals, nursing homes, assisted living facilities, or other similar uses as required by law, to be kept on file with the Emergency Management Coordinator. CCM 2.6.3Require new or redeveloped overnight accommodation uses located within the Coastal Storm Area to have a city-approved hurricane evacuation plan for all guests. CCM 2.6.4Prohibit development on Clearwater Beach or Sand Key if it is evident that such development will impede adopted evacuation times. CCM 2.6.5Continue to utilize the hurricane evacuation zones, Map CCM 10, during storm warnings and update the map as needed. CCM 2.6.6Continue to review and update Map CCM 11, Evacuation Routes as necessary to ensure populations can safely evacuate during storm events. CCM 2.6.7Ensure that all appropriate efforts are made to evacuate vulnerable populations during storm events.DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.10 | Clearwater Comprehensive Plan S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 10: Evacuation ZonesClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx A B C D E Planning Area CCM 9. CSA Land Uses BelleairRdNursery RdGulf-To-Bay BlvdDrew StDruid RdCleveland StUS Hwy 19 N CCM 9: FutureLand Uses inUS 19Clearwater 2045 RL, 5 Units per Acre RLM, 10 Units Per Acre RM, 15 Units Per Acre RH, 30 Units Per Acre R/OG, 15 Units Per Acre CG, 24 Units Per Acre I, 12.5 Units Per Acre Map Not to Scale Sources: City of Clearwater Planning and Development DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/28/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Comp_Plan_Template.aprx DRAFT Ord. xxxxx-23 | CCM.11 CCM 10. Evacuation Zones S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 10: Evacuation ZonesClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx A B C D E Planning Area DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.12 | Clearwater Comprehensive Plan CCM 11. Evacuation Routes S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdCCM 11: Evacuation RoutesClearwater 2045 Map Not to Scale Source(s): FEMAPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Conservation_CoastalManagement_Maps.aprx Evacuation Routes Planning Area DRAFT Ord. xxxxx-23 | CCM.13 OBJECTIVE CCM 2.7Identify areas vulnerable to flooding and sea level rise impacts and designate these areas as Adaptation Action Areas. POLICIES CCM 2.7.1Map Adaptation Action Areas (AAAs) and define strategies applicable to development, redevelopment, and investment in public facilities, infrastructure, and utilities. CCM 2.7.2Evaluate the costs and benefits of adaptation alternatives in the design and siting of new infrastructure or the fortification or retrofitting of existing infrastructure. CCM 2.7.3Evaluate strategies after adoption and mapping to ensure the use of the most up-to-date data for vulnerability assessments in AAAs. CCM 2.7.4Evaluate findings from the Pinellas County Sea Level Rise and Storm Surge Vulnerability Assessment, Tampa Bay Climate Science Advisory Panel Report, or other similar assessments and consider implementing recommendations into the Comprehensive Plan or Community Development Code.DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.14 | Clearwater Comprehensive Plan Ensure post-disaster redevelopment occurs in a manner that minimizes public and private vulnerability to future disasters. OBJECTIVE CCM 3.1Ensure that post-disaster redevelopment is governed by all applicable building, construction, and development codes and consider relocation to limit future damages and repetitive losses. POLICIES CCM 3.1.1Allow for redevelopment of structures in AE and V Zones where damage is greater than 50% of the assessed value prior to damages, consistent with adopted densities or as-built densities at the time of storm damage in accordance with applicable building codes, the Community Development Code, and FEMA requirements. CCM 3.1.2Require that structures, where damages are greater than 50% of the assessed value, upgrade to reduce future damages by meeting current building codes, Community Development Code provisions, and FEMA requirements. CCM 3.1.3Consider declaring building moratoriums when 50% or more of the homes in the Coastal Storm Area have been destroyed to evaluate impacts and feasibility of redevelopment. GOAL CCM 3 CCM 3.1.4Establish criteria to limit future development or redevelopment in areas that experience repeated damage or properties that suffer repetitive losses. CCM 3.1.5Continue to review FEMA repetitive loss properties and consider acquiring such properties for removal to limit future losses. OBJECTIVE CCM 3.2Limit public expenditures to only necessary infrastructure needed to serve populations, and study the relocation and development of new infrastructure outside of flood-prone areas. POLICIES CCM 3.2.1Continue to manage, repair or rebuild damaged critical infrastructure and facilities that are necessary to serve populations and minimize storm and flooding damages. CCM 3.2.2Evaluate relocating non-critical public infrastructure and facilities outside of flood-prone areas as part of redevelopment efforts.DRAFT Ord. xxxxx-23 | CCM.15 Integrate sustainable and resilient techniques into land use, transportation, housing, and infrastructure planning, decision making, and development. OBJECTIVE CCM 4.1Evaluate and amend the Community Development Code to encourage the use of sustainable and resilient uses. POLICIES CCM 4.1.1Consider allowing community gardens to locate within all zoning districts. CCM 4.1.2Evaluate amendments to the Community Development Code to allow for urban agriculture and food production activities. GOAL CCM 4 CCM 4.1.3Consider developing a pilot program for commercial composting. CCM 4.1.4Continue to support residential composting through the Clearwater Creates Compost online course. CCM 4.1.5Consider creating and implementing Energy Conservation Corridors, site design standards, and development incentives for projects within the Energy Conservation Corridors. Butterfly Garden DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.16 | Clearwater Comprehensive Plan OBJECTIVE CCM 4.2Promote the use of sustainable and resilient building techniques and renewable energy sources in development, renovation, and rehabilitation. POLICIES CCM 4.2.1Establish Green Building standards by using resources such as those available through Global Green USA. CCM 4.2.2Encourage affordable housing projects that are constructed consistent with US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) principles or the Florida Green Building Coalition’s (FGBC) Green Land Development and Building Standards. CCM 4.2.3Transition city-owned operations to 100% renewable, zero-emission, clean energy electricity by 2040, and citywide operations by 2050. CCM 4.2.4Consider requiring energy-efficient appliances and fixtures for all new residential development and all renovations where investments are greater than 50% of the original structure value. CCM 4.2.5Consider creating and implementing development incentives for energy-efficient infill development or redevelopment within activity centers and commercial corridors. CCM 4.2.6Give preference to affordable and market-rate residential development projects where the city is a partner and sustainable designs and land development practices are used to increase the supply of residential units and reduce greenhouse gas emissions. CCM 4.2.7Amend the Community Development Code to permit the installation and use of renewable energy technologies such as solar or scaled wind turbines. CCM 4.2.8Research and incorporate biophilic planning, the strategy of including natural objects and shapes into development, development standards into the Community Development Code to improve air quality and reduce urban heat effects.DRAFT Ord. xxxxx-23 | CCM.17 OBJECTIVE CCM 4.3Continue to implement and evaluate Clearwater Greenprint 2.0 to increase the city’s resiliency and sustainability. POLICIES CCM 4.3.1Transition the city’s fleet into alternative fuel vehicles by 2040 as vehicles are replaced. CCM 4.3.2Evaluate the findings from the Solar Feasibility Study and implement solar installations on municipal buildings. CCM 4.3.3Continue to implement an energy management and conservation programs by reducing energy demand and maximizing efficiency in all city facilities and operations.. CCM 4.3.4Encourage the restoration and reuse of buildings as an alternative to demolition. CCM 4.3.5Inventory and identify public and semi-public lands that would be suitable for food production pilot projects.DRAFT CONSERVATION & COASTAL MANAGEMENT CCM.18 | Clearwater Comprehensive Plan Educate the public on storm hazard-related risks, flood insurance, the natural environment, and sustainability initiatives and best practices. OBJECTIVE CCM 5.1Continue to conduct community outreach and education campaigns on flood risks, Community Rating System (CRS) score, recreational facilities, and sustainability initiatives best practices. POLICIES CCM 5.1.1Continue to communicate about flood-related risks and hazards and conduct NFIP community workshops on the benefits of acquiring flood insurance. CCM 5.1.2Promote educational programs at parks and recreation facilities that deal with the natural environment and encourage the preservation of the natural environment. GOAL CCM 5 CCM 5.1.3Create and provide clear, credible, and compelling information on sustainability in a wide variety of venues and formats. CCM 5.1.4Continue to promote environmental education through various programs and communications channels including social media, websites, television, brochures, lectures, and other innovative methods. CCM 5.1.5Provide “green building information” to local area housing providers.DRAFT A bright and beautiful future. A bright and beautiful future. Support Services DRAFT TABLE OF CONTENTS INTRODUCTION ........................................................iii Existing Conditions ......................................................................iii GOAL SS 1 .....................................................................1Sanitary Sewer GOAL SS 2 ....................................................................4Solid Waste & Recycling GOAL SS 3 ....................................................................6Stormwater GOAL SS 4 ...................................................................10Potable Water GOAL SS 5 ..................................................................14Reclaimed Water GOAL SS 6 ..................................................................16Police Service GOAL SS 7 ...................................................................18Fire/EMS Service GOAL SS 8 ..................................................................20Library System GOAL SS 9 ...................................................................21Clearwater Gas System LIST OF MAPS SS 1. Sanitary Sewer Lines ....................................ivSS 2. Water Reclamation Facilities .......................vSS 3. Potable Water Lines ......................................viSS 4. Potable Water Wells ....................................viiSS 5. Reclaimed Water Lines...............................viiiSS 6. Solid Waste Collection Routes ...................ixSS 7. Natural Gas Mains .........................................xSS 8. Police Districts ..............................................xiiSS 9. Fire Stations ..................................................xiiiSS 10. Libraries .........................................................xiv LIST OF TABLES SS A. Stormwater LOS Standards ..........................6 DRAFT Ord. xxxxx-23 | SS.iii INTRODUCTION This chapter provides the goals, objectives, and policies for the backbone of the city: public services and utilities. While the utilities tend to be out of sight and out of mind, the city would not be able to thrive economically without them. Additionally, public services including Police, Fire/EMS, and the library system, are all essential pieces to a healthy city. The city needs to plan for and ensure that these utilities and services are operating at the highest levels to support existing and proposed populations and development. EXISTING CONDITIONS The Public Utilities Department include the potable water, reclaimed water, and sanitary sewer (wastewater), and the Public Works Department includes the stormwater systems. These systems are generally governed by their respective master plans, which are updated on a regular basis. Future projects to the potable and reclaimed water and sanitary sewer systems will be based on findings from updated master plans, Supervisory Control & Automated Data (SCADA) Master Plans, and other regulatory initiatives. Stormwater plans are determined by the Surface Water Improvement and Management (SWIM) Program as well as provisions of the National Pollution Discharge Elimination System (NPDES). Maps SS 1 and SS 2 show the sanitary sewer lines and water reclamation facilities (WRFs) within the city. Maps SS 3 and SS 4 show the city’s potable water lines and wells, and map SS 5 shows the reclaimed water lines. The Solid Waste & Recycling Department handles solid waste and recycling collection throughout the city and to a few select developments in Belleair and Largo. There are over 27,000 customers the department services, including approximately 3,600 commercial dumpsters, 28,000 black and blue barrels for solid waste and recycling, 400 multi-family recycling carts, 210 roll-off containers, and 90 compactors. In 2020, a new transfer station was opened which can handle approximately 650 tons of solid waste, and has built-in excess capacity for up to three days of waste. Additionally, the department has recently converted all 71 of their heavy vehicles to use Compressed Natural Gas (CNG) rather than diesel. Map SS 6 shows the collection days for solid waste & recycling. Clearwater Gas System is unique in that it provides natural gas and propane to customers in the city, but also to customers through portions of northern Pinellas County, portions of the beach communities through Redington Beach, and further north into Pasco County. Clearwater Gas has been one of the largest-growth utilities in the state and has plans to further extend services to the SR 52 and SR 54 corridors in Pasco County. Clearwater gas also transfers funds to the city. Between FY 2012-2021, the total amount transferred was $102 million, with $38.2 being a dividend payment. Map SS 7 shows the natural gas lines through the city.DRAFT SUPPORT SERVICES SS.iv | Clearwater Comprehensive Plan SS 1. Sanitary Sewer Lines S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 1: Sanitary Sewer LinesClearwater 2045 Map Not to Scale Sources: City of Clearwater Public Utilities DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Sanitary Mains Private Sanitary Mains Force Mains Planning Area DRAFT Ord. xxxxx-23 | SS.v SS 2. Water Reclamation Facilities S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 2: Water Reclamation FacilitiesClearwater 2045 Map Not to Scale Sources: City of Clearwater Public Utilities DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx East WRF Marshall Street WRF Northeast WRF On Top of The World (Private) East WRF Area Marshall Street WRF Area Northeast WRF Area On Top of the World Area (Private) Planning Area DRAFT SUPPORT SERVICES SS.vi | Clearwater Comprehensive Plan SS 3. Potable Water Lines S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 3: Potable Water LinesClearwater 2045 Map Not to Scale Sources: City of Clearwater Public Utilities DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Potable Water Line Planning Area DRAFT Ord. xxxxx-23 | SS.vii SS 4. Potable Water Wells S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 4: Potable Water WellsClearwater 2045 Map Not to Scale Sources: City of Clearwater Public Utilities DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Active 500 ft Protection Zone Planning Area DRAFT SUPPORT SERVICES SS.viii | Clearwater Comprehensive Plan SS 5. Reclaimed Water Lines S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 5: Reclaimed Water LinesClearwater 2045 Map Not to Scale Sources: City of Clearwater Public Utilities DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Reclaimed Water Line Planning Area DRAFT Ord. xxxxx-23 | SS.ix SS 6. Solid Waste Collection Routes S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 6: Solid Waste CollectionClearwater 2045 Map Not to Scale Sources: City of Clearwater Solid Waste & Recycling DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Monday Collection Tuesday Collection Thursday Collection Friday Collection Outside Service Area Planning Area DRAFT SUPPORT SERVICES SS.x | Clearwater Comprehensive Plan SS 7. Natural Gas Mains S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 7: Natural Gas MainsClearwater 2045 Map Not to Scale Sources: Clearwater Gas SystemPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx High-Pressure Low-Pressure Planning Area DRAFT Ord. xxxxx-23 | SS.xi The Clearwater Police Department serves the city through three districts with 386.5 personnel and over 350 vehicles. The department also partners with three satellite buildings in the North Greenwood, Lake Belleview, and Wood Valley neighborhoods. The North Greenwood partnership is with the United Way and provides youth and adult vocational assistance as well as other social services. The Lake Belleview building is utilized by police staff and is shared with a dental clinic, with future aspirations to partner with CASA to provide social services to victims of domestic violence, sexual assault, and human trafficking. The Wood Valley building is not operationally necessary and could be vacated with no decreases in services. Map SS 8 shows the police districts and stations within the city. The Police Department monitors two types of metrics: crime and activities. Crime metrics include burglaries, auto theft, sex offenses, and robberies, and activity metrics include traffic stops, ordinance issuance, and Field Interview Reports. These metrics are tracked on a monthly and yearly basis, and are shared with local agencies through a national incident based system. Clearwater Fire & Rescue department is an all-hazards fire department and the second largest in Pinellas County, and it has received the highest public protection classification rating of 1 from the Insurance Services Office (ISO). The department has 195 certified firefighters, along with approximately 27 civilian staff. Fire and rescue services are provided through eight stations and eight lifeguard towers located on Clearwater Beach. Map SS 9 shows the locations of the city’s fire stations. The Library System provides numerous programs and has over 531,000 items in circulation for residents of all ages through use of the five library branches. The items in circulation include books, DVDs, computer stations, video games, and boardgames . Some of the programs offered through the library are continuing education, tutoring, small business assistance, and tax preparation assistance .There are 99 employees within the library system, of which 40 are Librarians. As needs of residents evolve over the coming years, the Library System will be looking to increase space for community meetings, group collaboration, and individual and group study. They will also be looking to facilitate discovery and exploration of specialized interests such as STEM and STEAM by adding new technology and equipment throughout the libraries. Map SS 10 shows the locations of the five library branches.DRAFT SUPPORT SERVICES SS.xii | Clearwater Comprehensive Plan SS 8. Police Districts S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 8: Police DistrictsClearwater 2045 Map Not to Scale Sources: City of Clearwater Police DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Beach Substation Police Headquarters McMullen Booth Station District 1 District 2 District 3 Planning Area DRAFT Ord. xxxxx-23 | SS.xiii SS 9. Fire Stations S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 9: Fire StationsClearwater 2045 Map Not to Scale Sources: City of Clearwater Fire & RescuePrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Station 44 Station 45 Station 46 Station 47 Station 48 Station 49 Station 50 Station 51 Planning Area DRAFT SUPPORT SERVICES SS.xiv | Clearwater Comprehensive Plan SS 10. Libraries S Highland AveUnion St Druid Rd S Hercules AveS Fort Harrison AveGulf BlvdNursery RdS Missouri AveS Belcher RdSunset Point Rd N Fort Harrison AveN Hercules AveGulf-To-Bay BlvdN Myrtle AveMandalay AveN Highland AveBelleair Rd Cleveland St S Keene RdSR 590 Drew St Countryside B lvd Union St S Myrtle AveNE Coachman RdBelleair Rd N McMullen Booth RdN MissouriAveClevelandStN Keene RdCourt St N Belcher RdBaysideBrgN McMullenBooth RdSR 580 US Hwy 19 NMe m o r i a l C s w y Curlew RdSS 10: LibrariesClearwater 2045 Map Not to Scale Sources: City of Clearwater Planning & Development DepartmentPrepared by: City of Clearwater Planning & Development Department, 4/24/2023 Path: Z:\ArcGIS_Pro_Projects\Comp_Plan_Template\Support_Services_Maps.aprx Clearwater Beach Library Countryside Library East Community Library Main Library North Greenwood Library Planning Area DRAFT Ord. xxxxx-23 | SS.1 Continue to provide high quality, reliable, and efficient sanitary sewer service in an environmentally sound manner which will protect the public health and safety. OBJECTIVE SS 1.1Continue to maintain adequate levels of service (LOS) for existing and future populations. POLICIES SS 1.1.1Continue to use an average of 100 gallons per capita per day (GPCD) as the sanitary sewer LOS and to determine the availability for any development or redevelopment. GOAL SS 1 OBJECTIVE SS 1.2Continue to produce advanced wastewater treatment (AWT) improvements at all water reclamation facilities (WRFs) in accordance with Florida Department of Environmental Protection (DEP) and U.S. Environmental Protection Agency (EPA) requirements. POLICIES SS 1.2.1Continue to improve/expand the wastewater systems to accommodate future development, recognizing that certain developments may be required to fund such improvements. SS 1.2.2Continue to pursue project improvements to WRFs which will minimize energy, water, and other resource needs in order to preserve these valuable resources. SS 1.2.3Include measures to address odors emitted from WRFs in capital projects, where appropriate. SS 1.2.4Continue to implement projects that support the city’s decision to consolidate the WRFs. SANITARY SEWER DRAFT SUPPORT SERVICES SS.2 | Clearwater Comprehensive Plan OBJECTIVE SS 1.3Continue to provide and maintain minimum demand of sanitary sewer service to all customers in a safe, sound, and efficient manner. POLICIES SS 1.3.1Continue to prohibit the extension of sanitary sewer services to properties outside the corporate limits of the city unless an agreement to annex or a petition to annex is filed and approved by the Clearwater City Council and sufficient capacity exists to serve the areas committed to city service, as well as those proposed for service. ewer services to properties outside the corporate limits of the city unless an agreement to annex or a petition to annex is filed for approval by the Clearwater City Council and sufficient capacity exists to serve the areas committed to city service, as well as those proposed for service. SS 1.3.2Require properties with failing septic tanks and package treatment plants, as determined by the Pinellas County Health Department or the Florida DEP to have an adverse impact on the environment, shall connect to the city’s sewer system after the system is upgraded to city standards, when such a connection can be made. SS 1.3.3Encourage annexation of developments which have deficient sewer systems. Prior to annexation, a design for sewer system improvements shall be prepared by the property owner or developer and approved by the city. The owner shall pay the costs of the necessary improvements to either their private system or the city’s system. SS 1.3.4Continue to maintain the wastewater collection system to serve existing development. SS 1.3.5Prior to development, a design for sewer system improvements shall be prepared by the developer and approved by the city. The developer shall pay the costs of the necessary improvements to the existing wastewater collection system to accommodate the new development. SS 1.3.6Pursue improvements to comply with Senate Bill 64 (2022) by January 1, 2032 or as amended. Marshall Street Water Reclamation Facility DRAFT Ord. xxxxx-23 | SS.3 OBJECTIVE SS 1.4Continue to maintain equitable charges to support fiscal and capital programs and to provide efficient financial management for all sewer system funds. POLICIES SS 1.4.1Continue to require the wastewater collection and treatment systems to be a self-sustaining utility enterprise with rates based on sound engineering and economic principles and evaluate new rate structures as necessary per requirements of the Florida DEP and U.S. EPA. SS 1.4.2). Continue utilizing fees charged to users of wastewater collection and treatment service to cover system operating costs, repayment of capital costs, suitable coverage for payment of bonded indebtedness to maintain desirable bond rating and allow for repair and replacement of existing facilities. SS 1.4.3Prioritize and schedule major wastewater collection and treatment improvements as a component of the capital improvements program (CIP) and ensure that sanitary sewer revenues are sufficient to fund repair and replacement projects on a pay-as-you-go basis. SS 1.4.4Ensure sanitary sewer charges reflect all operational costs consistent with the amount of wastewater generated by each user. OBJECTIVE SS 1.5Beneficially use fully treated effluent in a cost-effective way. POLICIES SS 1.5.1Continue to encourage long-term agreements with golf course operators and other individuals or groups to use reclaimed water for irrigation. SS 1.5.2Continue to develop the use of reclaimed water for irrigation of city parks, golf courses, ball fields, soccer fields and other appropriate land uses in an effort to conserve potable water. SS 1.5.3Expand the reclaimed water system to optimize potable water conservation efforts. SS 1.5.4Continue to evaluate reclaimed water rates with goals of user acceptance and cost recovery.DRAFT SUPPORT SERVICES SS.4 | Clearwater Comprehensive Plan Continue to provide Solid Waste Collection and Disposal services that balance reliability, environmental impacts, costs, and safety. GOAL SS 2 OBJECTIVE SS 2.1Focus on data collection and active route management as a tool to achieve efficiency. POLICIES SS 2.1.1Seasonally review local traffic patterns to help determine route length and timing of pick up in an effort to reduce vehicle idle time and limit impact of Solid Waste vehicles on local traffic. SS 2.1.2Utilize weight data, distance to the transfer station, and optimal vehicle operating loads to determine optimal points when to dump waste loads in an effort to minimize vehicle costs and emissions, while ensuring vehicle idle time at the transfer station is minimized. SS 2.1.3Evaluate opportunities to shift from active waste collection (Solid Waste sending vehicles out to collect certain waste types) to passive waste collection (residents bringing certain waste items to a central location) for disposal. OBJECTIVE SS 2.2Ensure all solid waste is collected as scheduled and disposed of appropriately. POLICIES SS 2.2.1Ensure solid waste and recycling fees charged to users of solid waste service to cover system operating costs, repayments of capital costs, and allow for repair and replacement of existing facilities. SS 2.2.2Within reason, ensure solid waste resources are sufficient to withstand instability, such as labor shortages and equipment failures. SS 2.2.3Maintain a master plan for Solid Waste facilities that ensures facility upgrades necessary to meet standards of efficiency are planned appropriately. SOLID WASTE & RECYCLING DRAFT Ord. xxxxx-23 | SS.5 OBJECTIVE SS 2.3Support Countywide goal of zero waste to the county landfill. POLICIES SS 2.3.1Develop a solid waste collection, recycling disposal and recovery system that will, to the greatest degree possible, reduce the waste stream, conserve energy and minimize impact on natural resources. SS 2.3.2Continue to reduce the solid waste stream, when economically feasible, through the recycling of aluminum, mixed paper, newspaper, plastic, steel, cardboard, office paper, other metals and yard waste. SS 2.3.3Direct residents to authorized sites for disposal and transfer/temporary storage facilities located in Pinellas County for hazardous, household wastes. SS 2.3.4Support and encourage the Household Chemical Collection Program provided by Pinellas County by assisting in notifying citizens of drop-off sites through the utility billing process. OBJECTIVE SS 2.4Mitigate the impact of solid waste collection and disposal to natural resources. POLICIES SS 2.4.1Continue to work to limit carbon emissions of fleet vehicles through the use of emerging technologies. SS 2.4.22.5.2. Identify and implement opportunities for carbon sequestration or other methods of carbon emission offset. SS 2.4.3Continue to utilize voluntary residential curbside source separation for both single-family and multi-family units for the Clearwater recycling effort. SS 2.4.4Continue commercial source separation on an open competitive basis with registered private recycling companies. Operators in the Solid Waste Transfer Station DRAFT SUPPORT SERVICES SS.6 | Clearwater Comprehensive Plan Provide the most cost effective and efficient provision of stormwater management including the improvement and enhancement of stormwater quality discharging into local receiving water, and provide maximum practical protecting to persons, property, and the natural environment. GOAL SS 3 OBJECTIVE SS 3.1Continue to maintain adequate LOS for existing and future populations. POLICIES SS 3.1.1Continue to use the LOS standards found in Table SS A for stormwater design. Stormwater Level of Service Standards, Design Storm 10 - year storm frequency for all new street development using the rational design method. 25 - year storm frequency with positive outfall for major storm systems with basin time of intensities controlling the duration.* 50 - year storm frequency when no outfall and discharge is to street right-of-way.* 100 - year storm frequency when no outfall and discharge is across private property.* * Design standards for stormwater quality treatment/storage quantity shall conform to the current SWFWMD requirement [Presently being the SCS Unit Hydrograph design method, using the design storm frequency and a twenty-four (24) hour duration for sites ten (10) acres or more, and the rational design method for sites under ten (10) acres]. Table SS A. Stormwater LOS Standards STORMWATER DRAFT Ord. xxxxx-23 | SS.7 OBJECTIVE SS 3.2Lower high water profiles during storm events to reduce flooding occurrences and lessen the resulting adverse effects on public health, the natural environment, and public and private property. POLICIES SS 3.2.1Continue to provide a program of regular maintenance to the stormwater management system to ensure maximum efficiency and performance. SS 3.2.2Consider natural and man-made wetlands as a means to provide stormwater management wherever possible. SS 3.2.3Continue to provide multiple use facilities, such as recreational open space uses, with open channel stormwater management systems, where appropriate. SS 3.2.4Require development and redevelopment activities to comply with all stormwater management design standards and criteria. SS 3.2.5Prohibit structural development where it is determined that such development will have an adverse impact on stormwater storage areas, increase flood prone areas, significantly increase rates of runoff, or cause other unfavorable drainage conditions. SS 3.2.6Limit development that will result in building(s) constructed within/or over stormwater retention/detention ponds, streams, or channels. SS 3.2.7Continue to designate wetlands as Preservation (P) on the future land use map.DRAFT SUPPORT SERVICES SS.8 | Clearwater Comprehensive Plan OBJECTIVE SS 3.3Protect and enhance the quality of receiving waters by the use of “best management practices” in accordance with the adopted watershed management plans. POLICIES SS 3.3.1Continue to require the use of “best management practices” before, during, and after construction activities to prevent water pollution resulting from erosion and siltation. SS 3.3.2Continue to require vegetated swales, sodding, and appropriate landscaping as components of the drainage system for natural filtration before final discharge into receiving waters. SS 3.3.3Monitor major stormwater management outfalls and receiving water bodies to identify the quality of stormwater runoff and the impact on receiving bodies. SS 3.3.4Maximize water recharge potential in designing stormwater management improvements by utilizing natural wetland areas for stormwater storage. SS 3.3.5Continue to identify impaired bodies of water and prioritize them for improvement and enhancement. SS 3.3.6Continue to comply with the Florida Surface Water Improvement and Management (SWIM) Program and the National Estuary Program on all city stormwater management plan projects. SS 3.3.7Continue to upgrade and retrofit city-owned drainage system facilities and include stormwater treatment for water quality in accordance with the proposed stormwater management plan. S 3.3.8Continue to comply with applicable SWFWMD, state, and federal requirements, including SWIM plans for that waterbody or watershed for city stormwater management plan projects within watersheds.DRAFT Ord. xxxxx-23 | SS.9 OBJECTIVE SS 3.4Continue to provide sound fiscal management of the stormwater management systems to include maintenance, operation, and construction in accordance with the watershed management plans and concurrent with its implementation. POLICIES SS 3.4.1Continue to finance the operation and maintenance of the stormwater management systems through revenues from the city’s stormwater utility fee and evaluate new rate structures as necessary. SS 3.4.2Ensure proper access methods to stormwater systems for effective operation and maintenance. SS 3.4.3Continue to upgrade or improve all stormwater management systems where deficiencies exist. SS 3.4.4Continue to provide and maintain a stormwater management system throughout the city that will afford the most economically feasible protection to residents and property. OBJECTIVE SS 3.5Provide economic development incentives that promote water resource protection and enhancement. POLICIES SS 3.5.1Evaluate methods of financing stormwater management system improvements and new stormwater infrastructure construction to determine the most feasible and equitable arrangement, both city-wide and in local problem areas. SS 3.5.2Continue to seek and be on notice of financial support for system improvements through grant programs administered by appropriate state and federal agencies.. SS 3.5.3Pursue a system of regional stormwater management which is both economically and environmentally sound.DRAFT SUPPORT SERVICES SS.10 | Clearwater Comprehensive Plan Provide, develop, and maintain a permanent potable water supply system to meet anticipated demand while providing maximum practical protection to the environment at a cost consistent with the public’s ability and willingness to pay. OBJECTIVE SS 4.1To maintain adequate LOS for existing and future populations. POLICIES SS 4.1.1Continue to use 100 gallons per capita per day at a minimum pressure of 40-45 pounds per square inch as the potable water LOS and to determine the availability for development or redevelopment. GOAL SS 4 OBJECTIVE SS 4.2Provide adequate quantity and quality of potable water service to all customers of the Clearwater service area. SS 4.2.1Analyze the condition and adequacy of any potable water distribution system that the city may inherit through annexation and prior to annexation, a design for potable water distribution system improvements shall be prepared by the property owner or developer and approved by the city. The owner shall pay the costs of the necessary improvements to either their private system or the city’s system. SS 4.2.2Prior to development, a design for potable water distribution system improvements shall be prepared by the developer and approved by the city. The developer shall pay the costs of the necessary improvements to the existing potable water distribution system to accommodate the new development. SS 4.2.3Continue to construct potable water system improvements which will provide adequate quantity, pressure, and duration of fire flows while working to conserve energy, water, and other valuable resources and meeting user needs. POTABLE WATER DRAFT Ord. xxxxx-23 | SS.11 SS 4.2.4Continue to identify, acquire, and develop sources of potable water supply and methods of water treatment to meet existing and future through techniques such as well rehabilitation or exploration of drilling new wells in accordance with the most recent version of the adopted Water Supply Master Plan. SS 4.2.5Ensure that potable water management projects are designed and operated to maintain and enhance natural systems, as well as man-made systems, by working closely with the Southwest Florida Water Management District when proposing new projects and potable water management programs. SS 4.2.6Continue to provide water service to properties within Unincorporated Pinellas County the reside in the city’s service area where sufficient capacity and quality of water exists. SS 4.2.7Continue to extend water services to jurisdictions outside the city’s service area through interlocal or other agreement. OBJECTIVE SS 4.3Continue to maintain the water system in a safe, sound, and efficient manner on a daily basis. POLICIES SS 4.3.1Monitor water quality and the operation of the water distribution system with the intent of repairing and replacing deficient portions of the system. SS 4.3.2Require at the time of application for connection to the public potable water system, that minimum fire flows and hydrant spacing be consistent with fire district standards and that proper size water pipes are installed to provide desired fire flow rates based on the most recent Insurance Service Office (ISO) Report. SS 4.3.3Require private fire hydrants to be owned and maintained by the developer pursuant to Clearwater Fire & Rescue regulations.DRAFT SUPPORT SERVICES SS.12 | Clearwater Comprehensive Plan OBJECTIVE SS 4.4Continue to provide sound fiscal management for the operation and maintenance of potable water service in the city’s service area. POLICIES SS 4.4.1Continue utilizing fees charged to users of water service to cover system operating costs, repayments of capital costs, and allow for repair and replacement of existing facilities and evaluate new rate structures as necessary. SS 4.4.2Prioritize and schedule major improvements associated with the water system as a component of the capital improvement program. SS 4.4.3Continue to seek financial support of the water system through grant programs administered by appropriate state and federal agencies. SS 4.4.4Continue to refine the water conservation rate structure for residential water meters, lawn meters, and all other water meters permitted by the Water Division of the Public Utilities Department. OBJECTIVE SS 4.5Continue to develop a potable water system that is compatible with the environment and seeks to conserve and protect sensitive natural resources. POLICIES SS 4.5.1Continue implementation of the most current Water Restriction Ordinance. SS 4.5.2Continue providing educational awareness to inform citizens of the need and opportunities for conserving potable water. SS 4..3Continue to develop strategies aimed at reducing potable water consumption by means such as water conservation rates, conservation codes, operational measures, rebate and plumbing retrofit programs, landscape and irrigation efficiency programs, research and evaluation, and re-use alternatives.DRAFT Ord. xxxxx-23 | SS.13 OBJECTIVE SS 4.6Continue to protect all natural recharge areas having functional hydrological characteristics. POLICIES SS 4.6.1Recognize the importance of groundwater aquifer recharge in the hydrological process and the need for natural groundwater recharge as an integral component of the city’s urban environment. SS 4.6.2Include incentives in the Community Development Code for the protection of natural groundwater aquifer recharge areas as identified in the Conservation Element of the Clearwater Comprehensive Plan. SS 4.6.3Continue to protect groundwater quality by enforcing the Wellhead Protection Ordinance within the area specified on Map SS 4. Column intentionally left blank DRAFT SUPPORT SERVICES SS.14 | Clearwater Comprehensive Plan Provide, develop, and maintain a permanent reclaimed water supply system at a cost consistent with the public’s ability and willingness to pay. GOAL SS 5 OBJECTIVE SS 5.1Continue to maintain the reclaimed water system in a safe, sound, and efficient manner. POLICIES SS 5.1.1Monitor water quality and the operation of the reclaimed water distribution system with the intent of repairing and replacing deficient portions of the system within the framework of the capitalized budgeting process. OBJECTIVE SS 5.2Continue to provide sound fiscal management for the operation and maintenance of reclaimed water service in the city’s service area. POLICIES SS 5.2.1Continue utilizing fees charged to users of reclaimed water service to cover system operating costs, repayments of capital costs, and allow for repair and replacement of existing facilities and evaluate rates and fees as necessary. SS 5.2.2Prioritize and schedule major improvements associated with the reclaimed water system as a component of the capital improvement program. RECLAIMED WATER DRAFT Ord. xxxxx-23 | SS.15 OBJECTIVE SS 5.3Continue to develop a reclaimed water system that is compatible with the environment and seeks to conserve and protect sensitive natural resources. POLICIES SS 5.3.1Continue to extend the reclaimed water system. Column intentionally left blank DRAFT SUPPORT SERVICES SS.16 | Clearwater Comprehensive Plan Continue to provide effective, professional, and dependable law enforcement services to every citizen, visitor, and business within the city. GOAL SS 6 OBJECTIVE SS 6.1Continue to maintain and replace law enforcement building infrastructure and vehicles as needed. POLICIES SS 6.1.1Continue to schedule maintenance for District Stations II and III, including new roofs or other mechanical components. SS 6.1.2Determine if District Station I should be rebuilt or refurbished. SS 6.1.3Continue to evaluate the best uses and partnerships with the satellite buildings located in the North Greenwood, Lake Belleview, and Wood Valley communities. SS 6.1.4Determine appropriate locations for and construct a K9 kennel and storage facility for large vehicles. SS 6.1.5Continue to ensure that appropriate numbers of law enforcement vehicles, generally 10% above daily needs, are available to account for law enforcement vehicles that are crashed, damaged, or undergoing maintenance. SS 6.1.6Continue to work towards upgrading to hybrid law enforcement vehicles and consider upgrading certain vehicles to electric vehicles when electric vehicle charging stations become available and as electric vehicles evolve to safe and efficient rapid charging. POLICE SERVICE DRAFT Ord. xxxxx-23 | SS.17 OBJECTIVE SS 6.2Continue to monitor crime and activity metrics within the city and compare against other local agencies through the Florida Incident Based Reporting System reporting. POLICIES SS 6.2.1Upgrade monitoring systems to state and national incident-based reporting system to continue to actively monitor crime and activity metrics. SS 6.2.2Procure, configure, implement, and provide governance for a regional Computer Aided Dispatch (CAD) and Records Management System (RMS) that promotes the efficient sharing of resources and information. OBJECTIVE SS 6.3Continue to build expertise and capacity to adequately respond to cybercrime, synthetic drugs, and process digital evidence. POLICIES SS 6.3.1Identify and implement progressive staffing models that are cost effective and advance the efficient and effective prevention, detection, and prosecution of crime. Clearwater Police Officer DRAFT SUPPORT SERVICES SS.18 | Clearwater Comprehensive Plan Continue to provide emergency services with a focus on quality, cost effectiveness, and all-hazard mitigation for all citizens, visitors, and businesses within the city. OBJECTIVE SS 7.1Continue to ensure adequate staffing levels, equipment, and apparatus are maintained. POLICIES SS 7.1.1Continue to achieve the baseline response time of 7 ½ minutes for first unit arrival to a response call. SS 7.1.2Continue the testing process for future employee advancement. SS 7.1.3Research methods to account for low employment pools while maintaining appropriate staffing levels. GOAL SS 7 OBJECTIVE SS 7.2Maintain and replace infrastructure, equipment, and apparatus on a regular schedule. POLICIES SS 7.2.1Complete the Fire Station 46 reconstruction project by the end of 2023. SS 7.2.2Complete the construction of a new Fire Station 47 to replace the existing Fire Station 47. SS 7.2.3Continue the process to replace the Training Tower and Lifeguard Towers. FIRE/EMS SERVICE DRAFT Ord. xxxxx-23 | SS.19 OBJECTIVE SS 7.3Research methods and best practices to account for increases in future demand, construction, populations, and tourism. POLICIES SS 7.3.1Research and determine means to maintain service times through increases in traffic. SS 7.3.2Determine strategies to account for increases in high-rise and multifamily developments. SS 7.3.3Research strategies to fund the construction of station repairs or replacements as well as maintenance and replacements of equipment and apparatus. Clearwater Fire & Rescue DRAFT SUPPORT SERVICES SS.20 | Clearwater Comprehensive Plan Continue to provide quality information, continuous learning, and innovative services that anticipate and support the needs of the city. OBJECTIVE SS 8.1Ensure libraries evolve to meet the changing needs of library users. POLICIES SS 8.1.1Study the feasibility of increasing meeting space in libraries to allow for more community meetings, group collaborations, or individual or group studies. GOAL SS 8 LIBRARY SYSTEM SS 8.1.2Evaluate equipment and technological needs to allow users to discover and explore number interests such as music or video production, coding or web design or photography. SS 8.1.3Continue to provide numerous programming and services for users of all ages. Countryside Library DRAFT Ord. xxxxx-23 | SS.21 Continue to provide and expand cost effective gas energy solutions and related products to customers in Pinellas and Pasco Counties. GOAL SS 9 OBJECTIVE SS 9.1Apply for a grant funding opportunity from the Pipeline Hazardous Materials Safety Administration (PHMSA) to assist in construction costs related to repairing, rehabilitating, or replacing natural gas distribution pipeline. POLICIES SS 9.1.1Upgrade above ground infrastructure that will help reduce methane gas released into the atmosphere. SS 9.1.2Continue to increase safety and reliability of the gas distribution system through repairs and replacements as needed. CLEARWATER GAS SYSTEM OBJECTIVE SS 9.2Research the feasibility of entering renewable energy markets. POLICIES SS 9.2.1Determine if providing renewable energy products and services would be profitable as a stand-alone business unit for Clearwater Gas System to operate on behalf of the City. SS 9.2.2Consider implementing a pilot project for renewable energy products and services to test the market.DRAFT SUPPORT SERVICES SS.22 | Clearwater Comprehensive Plan OBJECTIVE SS 9.3Revise and implement a new sales and marketing plan for Clearwater Gas System. POLICIES SS 9.3.1Work with the city’s Public Communications department to execute a messaging plan that advertises all Clearwater Gas System services to our customers and overall benefits of natural gas. SS 9.3.2Update the Clearwater Gas System logo to better market the Clearwater Gas System brand SS 9.3.3Increase marketing efforts to potential infill customers, where gas infrastructure is already installed and ready to serve. OBJECTIVE SS 9.4Create new Key Performance Indicators (KPIs) for all Gas divisions as well as new reporting styles. POLICIES SS 9.4.1Review all existing key indicator reports and identify ones to retire or modify. SS 9.4.2.Ensure that new KPI’s include health and safety; contractor status for mains and services; customer and gas load growth; gas line hits and leak statistics; and profit and loss of retail services functions. SS 9.4.3.Evaluate methods to make indicator reports easier to read and understand through options such as GIS or other tracking and reporting solutions. SS 9.4.4.Ensure KPIs are available to the Gas Management and Employees and consider making them available to other city employees and customers.DRAFT Ord. xxxxx-23 | SS.23 Clearwater Gas Administration Building OBJECTIVE SS 9.5.Update the 5-year Clearwater Gas System Strategic Action Plan. POLICIES SS 9.5.1.Hold a kickoff meeting with all department sections as well as individual section meetings to perform updates. SS 9.5.2.Revise the department’s Mission, Vision, and Core Value statements.DRAFT City Council Monday, June 12, 2023 1 Parks & Public Places Chapter 2 Parks & PublicPlacesGoal Goal PPP 1: Consider the needs of all users when designing open spaces, trails, and parks and recreation facilities. Objective: 1.1 User Equity 3 Parks & PublicPlacesGoal Goal PPP 2: Ensure that natural features of the city are preserved, that parkland, trails, open spaces, and parks and recreation facilities are located in appropriate areas of the city. 4 Parks & PublicPlacesObjectives 2.1 Adequate Supply 2.2 Increase Parkland 2.3 Preserve Natural Spaces 2.4 Enhance Physical Characteristics 2.5 Blueways & Greenways 2.6 Parks Master Plan 5 Parks & Public PlacesGoal Goal PPP 3: Utilize the parks and recreation impact fee to improve the park system within the city. Objective: 3.1 Administration of Impact Fee 6 Conservation & Coastal Management Chapter 7 Conservation & Coastal Management Goal Goal CCM 1: Continue to protect, enhance, and conserve natural resources within the city to provide for the long-term accessibility, enhancement, safety, economic viability, and environmental integrity of those resources. 8 Conservation & Coastal Management Objectives 1.1 Natural Resource Protection 1.2 Protection from Adverse Impacts 1.3 Potable Well Protection 1.4 Stormwater Discharge 9 Conservation& CoastalManagement Goal Goal CCM 2: Protect development, redevelopment, and public facility investment from storm events and flood risks related to flooding, high-tide events, and sea level rise to reduce property losses. 10 Conservation & Coastal Management Objectives 2.1 Reduce Flood Risks 2.2 City-Owned Infrastructure Protection 2.3 Resilient Protection in Code 2.4 Conserve Public Beach Access 11 Conservation & Coastal Management Objectives 2.5 Coastal Storm Area 2.6 Hurricane Evacuations 2.7 Adaptation Action Areas 12 Conservation& CoastalManagement Goal Goal CCM 3: Ensure post-disaster redevelopment occurs in a manner that minimizes public and private vulnerability to future disasters. 13 Conservation & Coastal Management Objectives 3.1 Post-Disaster Redevelopment 3.2 Public Expenditures on Infrastructure 14 Conservation & Coastal Management Goal Goal CCM 4: Integrate sustainable and resilient techniques into land use, transportation, housing, and infrastructure planning, decision making, and development. 15 Conservation & Coastal Management Objectives 4.1 Sustainable & Resilient Uses in Code 4.2 Sustainable & Resilient Building Techniques 4.3 Greenprint 2.0 Implementation 16 Conservation& CoastalManagement Goal Goal CCM 5: Educate the public on storm hazard- related risks, flood insurance, the natural environment, and sustainability initiatives and best practices. Objective: 5.1 Outreach & Education 17 18 Support Services Chapter Support ServicesGoal Goal SS 1: Continue to provide high quality, reliable, and efficient sanitary sewer service in an environmentally sound manner which will protect the public health and safety. 19 Support ServicesObjectives 1.1 Levels of Service 1.2 Advance Wastewater Treatment 1.3 Sanitary Sewer Service Demand 1.4 Financial Management 1.5 Reclaimed Water 20 Support ServicesGoal Goal SS 2: Continue to provide Solid Waste Collection and Disposal services that balance reliability, environmental impacts, costs, and safety. 21 Support ServicesObjectives 2.1 Data Collection & Route Management 2.2 Collection Schedule 2.3 Countywide Goal of Zero Waste 2.4 Natural Resource Mitigation 22 Support ServicesGoal Goal SS 3: Provide the most cost effective and efficient provision of stormwater management including the improvement and enhancement of stormwater quality discharging into local receiving water, and provide maximum practical protecting to persons, property, and the natural environment. 23 SupportServices Objectives 3.1 Levels of Service 3.2 Lower High Water Profiles 3.3 Protect Receiving Waters 3.4 Financial Management 3.5 Economic Development Incentives for Protection 24 Support ServicesGoal Goal SS 4: Provide, develop, and maintain a permanent potable water supply system to meet anticipated demand while providing maximum practical protection to the environment at a cost consistent with the public’s ability and willingness to pay. 25 SupportServices Objectives 4.1 Levels of Service 4.2 Adequate Supply 4.3 Operational System 4.4 Financial Management 4.5 Environmental Compatibility 4.6 Protect Natural Recharge Areas 26 Support ServicesGoal Goal SS 5: Provide, develop, and maintain a permanent reclaimed water supply system at a cost consistent with the public’s ability and willingness to pay. 27 Support ServicesObjectives 5.1 Maintain System Operations 5.2 Financial Management 5.3 Develop Reclaimed Water System 28 Support ServicesGoal Goal SS 6: Continue to provide effective, professional, and dependable law enforcement services to every citizen, visitor, and business within the city. 29 Support Services Objectives 6.1 Maintain Infrastructure & Vehicles 6.2 Monitor Crime & Activity Metrics 6.3 Build Department Capacity 30 Support Services Goal Goal SS 7: Continue to provide emergency services with a focus on quality, cost effectiveness, and all- hazard mitigation for all citizens, visitors, and businesses within the city. 31 Support Services Objectives 7.1 Adequate Staffing, Equipment, & Apparatus 7.2 Maintain Infrastructure, Equipment, & Apparatus 7.3 Address Increased Future Demand 32 Support ServicesGoal Goal SS 8: Continue to provide quality information, continuous learning, and innovative services that anticipate and support the needs of the city. Objective:8.1 Evolving Needs 33 Support Services Goal Goal SS 9: Continue to provide and expand cost effective gas energy solutions and related products to customers in Pinellas and Pasco Counties. 34 Support ServicesObjectives 9.1 Grant Funding 9.2 Renewable Energy Markets 9.3 Sales & Marketing Plan 9.4 Key Performance Indicators 9.5 Strategic Action Plan 35 Next Steps Full Plan Draft •June 27 at the North Greenwood Recreation Center •June 29 at the Countryside Library 36 Next Steps 37 • Public Hearing: August 15 Community Development Board • Work Sessions: June 5 and June 12 • Public Hearings: First Hearing September 21; Second Hearing (Adoption) December 7 City Council Questions? 38 Clearwater2045.com Kyle Brotherton, Senior Planner Jayme Lopko, AICP, Long Range Planning Manager clearwater2045@myclearwater.com Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0708 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Office of Innovation Agenda Number: 7.1 SUBJECT/RECOMMENDATION: Review of First Year of Energy Savings with Cenergistic. (WSO) SUMMARY: In order to reduce its greenhouse gas emissions and meet the goals laid out in Greenprint 2.0, the City has committed to increasing energy efficiency within its facilities. To support this commitment, the City entered a five-year contract with Cenergistic Inc. of Dallas, Texas in March of 2022 to maximize energy efficiency within city facilities. Cenergistic has worked for over 34 years to help more than 1,450 organization across the nation reduce greenhouse gases and save money in electricity, natural gas, and water costs. The company achieves such reductions by applying advanced technology and behavior-based conservation programs within buildings, as well as embed full-time onsite Energy Specialists to ensure all equipment and operation are working at peak efficiency and optimization. At this time, data representing electric and gas use in the first year of the program has been uploaded into the energy tracking system and Cenergistic will be providing a report on the results. Because water costs were added mid-year, staff and Cenergistic are still working through implementation of that data. When it is complete the total savings for Performance Year 1 (April 2022-March 2023) will be finalized. Page 1 City of Clearwater Printed on 6/8/2023 Energy Program Update June 2023 PEOPLE –PROCESS -TECHNOLOGYThe system that powers the savings. 2 Cenergistic Optimize™ Technology Cenergistic Management Process Cenergistic Energy Specialists Operation Initiatives Aligning HVAC use with occupancy Adjusting temperature setpoints and to meet with city guidelines Optimizing HVAC and lighting systems and equipment Collaboration with city operations on equipment efficacy Active comfort and moisture management monitoring Over 5,000 hours of monthly scheduling reduction ENERGY PROGRAM UPDATE ENERGY PROGRAM UPDATE * Only reflects meters included in Energy Program 2000000 2200000 2400000 2600000 2800000 3000000 3200000 3400000 3600000 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23kWhCity of Clearwater Electricity Use* Base Year Current ENERGY PROGRAM UPDATE $0.000 $0.020 $0.040 $0.060 $0.080 $0.100 $0.120 $0.140 $0.160 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar$/kWhCity of Clearwater Electricity Unit Cost Base Year Current ENERGY PROGRAM UPDATE * Only reflects meters included in Energy Program $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 City of Clearwater Electrical Spend* Base Year Current ENERGY PROGRAM UPDATE * Only reflects meters included in Energy Program 0 5000 10000 15000 20000 25000 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23ThermsCity of Clearwater Natural Gas Use* Base Year Current ENERGY PROGRAM UPDATE * Only reflects meters included in Energy Program $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 City of Clearwater Natural Spend* Base Year Current ENERGY PROGRAM UPDATE The energy conservation program assists in minimizing the impact that cost increases have on the budget. * Only reflects meters included in Energy Program and Electric and Natural Gas commodities Mar, $450,113 $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Electric and Natural Gas Savings Cumulative* ENERGY PROGRAM UPDATE 5,427,372 Miles Greenhouse Gas Emission from Miles Driven by an Average Vehicle 757 Tons Greenhouse Gas Emission from Tons of Waste Recycled 36,154 Trees Carbon Sequestered from Trees Grown for 10 Years 275 Homes Equivalence in greenhouse gas emission in one year * Only reflects meters included in Energy Program ENERGY PROGRAM UPDATE Closing ENERGY PROGRAM UPDATE Auxiliary Slides ENERGY PROGRAM UPDATE North Greenwood Library Interval Electric Data M Tu W Th F Sa SuPre-Energy Conservation Measure Post-Energy Conservation Measure Data provided by Cenergistic GreenX® ENERGY PROGRAM UPDATE Long Center Electricity Interval Data Wk1 Wk2 Wk3 Wk4 Pre-Energy Conservation Measure Post-Energy Conservation Measure Data provided by Cenergistic GreenX Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0707 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Action ItemIn Control: Office of Innovation Agenda Number: 7.2 SUBJECT/RECOMMENDATION: Review Solar Implementation Plan. (WSO) SUMMARY: In Fiscal Year 2022, staff engaged a consultant, McKim & Creed, to complete a review of most city facilities. The study was commissioned by the City to assist with planning for solar installations and to provide a tool that could be adjusted for changing environments. The tool identified eight weighted categories: Internal Rate of Return, Simple Payback, Electricity Offset, Longevity of Roof, Simplicity of Install, Public Relations, Building Efficiency, and Scalability. Buildings were then ranked based on these categories and weights. The original thought was that this document would provide a planning document to help staff determine funding needed to begin solar installations. Between the start and end of the study, the City received two non-city generated funding allocations, one from the Department of Energy, and a second from ARPA funding allocated by City Council. Both had timelines by which expenditure needed to be completed, and the total allocation was $3,000,000. The expense timing requirement, the status of the funding as non-city generated funding allocations, and staff resource limitations pushed staff to alter the categories and weights of the McKim and Creed formula to fit the current environment. The new scoring looked at Internal Rate of Return, Electricity Offset, and a new category, the ratio of individual install costs to the $3,000,000 allocation amount. The intent was to make sure the city was getting good return on the projects, limiting the quantity of projects that needed to be managed so staff could focus on quality installations within the defined timeline, and setting up to see how buildings with a high percentage of renewable energy operate. Staff then coupled this with a qualitative review of the new top ten to make any reasonable adjustments that were driven by various non-quantitative factors to come up with the best options. The result was that three of the top ten from McKim and Creed remained in the top 10 for the city’s adjusted scoring. The reasons that the other seven dropped out related to lower cost to allocation ratios (four), a change in status of buildings (two), and a low electricity offset (one). The three that were consistent on both lists were consistent with the top three for the adjusted city list, and the fourth ranked building became the Long Center due to its very high cost to allocation ratio. Staff then looked at the new top ten from a qualitative perspective to ensure the quantitative approach was balanced with factors not definable by numbers. This included factoring in construction projects that did not previously exist, secondary benefits of installations, potential shifts in financial impact, and reimagination of some projects that Page 1 City of Clearwater Printed on 6/8/2023 File Number: ID#23-0707 leverage multiple uses that exist on single parcels. The result of this adjustment is that the top four facilities remained the same, and they are estimated to use up $2,250,000 of the $3,000,000 allocation. The fifth rated opportunity became an installation on the Osceola Avenue parking garage. This is a new structure that was neither acquired nor designed at the time the study began. As the new construction has been planned to have solar as part of the installation and the allocation of design resources has already been made to the Osceola project, this project made sense to add to the list, bringing the total up to $2,550,000 of the $3,000,000 allocation. As to the remainder of the allocation, staff has five other potential high benefit options for installation, each of which requires some additional work to confirm, and all include the use of carport solar applications. Two of these are the MSB and Garden Avenue Garages, where solar carports would be placed on the roof of the facilities, offering shading for those rooftop parking spaces. The MSB garage is a unique scenario because the garage itself cannot does not utilize much power, however there may be real opportunities related to the Police station south of the garage. Staff are working to determine if state law will preclude the City from transferring power from the garage to the station. Should that not be an option, the solar installation for MSB would be timed with the acquisition of electric fleet vehicles, which would then be charged electricity generated by solar captured onsite and stored in battery technology. The recent renovation work at MSB garage has prepared the garage for an easier conversion to either scenario with the inclusion of strategically placed conduit during that project. Similarly, Garden Avenue garage also presents an opportunity for EV charging, though it could be used in both fleet and public applications. Staff would again time installation based on fleet acquisition, but also on the public demand for EV charging downtown. The final three may be the most exciting opportunities for solar installation because they include opportunities for social benefits as well as environmental and financial benefits. Fire Station 46 was not included in the original study because it had already been planned for a Solar Installation. When the peel and stick application that was planned for FS46 became unavailable, the team began searching for an alternative, however the design engineers could not identify an installation that would be appropriate for an emergency facility in that location. As an alternative, we have identified an opportunity to leverage an uncommon parcel make up where Fire Station 46, a large parking lot (Lot 36), and a park (Mandalay Park) all occupy a single parcel. While normally facilities like these would occupy separate parcels, this set up allows us to utilize power generated on one or more of these uses for the benefit of the other uses. Conceptually staff believes that leveraging the parking lot for this makes sense due to its proximity to the Fire Station, and the use of carports to generate the electricity would create a secondary social benefit by allowing for shaded parking or overhead shelter. Additionally, because this is a high traffic area, there may be an educational or inspirational opportunity for beachgoers. Like Fire Station 46, the North Greenwood Library also provides a unique parcel and the opportunity for the creation of shaded parking or shelter for either patrons of the library, or the adjacent athletic fields. In this scenario, we could use the North Greenwood Library parking lot for generation instead of the building roof or provide shading for those attending events at the athletic fields for those needing to get out of the sun or who might be caught in inclement weather. Page 2 City of Clearwater Printed on 6/8/2023 File Number: ID#23-0707 The final opportunity is at the Beach Library/Recreation facility and the Beach Pool. Similarly, to the above scenarios, these sit on the same parcel, but they have a large parking lot between them. The McKim and Creed study looked at generation of power at the structures of the buildings themselves, however we believe there may be some value in once again taking a covered parking approach, as the lot is generally unshaded and we may be able to leverage the location of the parking lot to ensure efficient power distribution, whether that is the pool side or the building side. An additional benefit of some of these carport applications is that they allow for a lot more standardization for installation and maintenance of the exterior elements of the system, as roof materials and styles can vary greatly. Carport applications are generally made on asphalt lots with minimal grade changes and spacing and layout that is typically standard. Prior to moving forward with these opportunities, we would need to coordinate with Planning and Development, as the City’s Land Development Code will likely need to be tweaked in some areas to address these types of installations, however early discussions lead us to believe that there is a path forward. For now, staff intends to move ahead with the top five opportunities and work towards refining the carport installations. As staff moves beyond the non-city generated allocations for Solar, staff will continue to apply a mix of quantitative and qualitative information to determine what makes sense based on a balance of social, environmental, and financial goals. No action is required at this time for this item, however the expense associated with each project will be up for consideration by City Council at a later date. Page 3 City of Clearwater Printed on 6/8/2023 McKim and Creed CalcYellow are the reasons they dropped off the In‐house calcIn‐house CalcGreen is the driver for them being added to the in‐house calc, orange are the reasons they came off the list in the adjustedAdjustedBlue are the drivers for adding them to the adjusted1SW Transfer SW Transfer SW Transfer 350,000.00$ 2 GTBSystem is very small Fleet Fleet 600,000.00$ 3 Countryside Rec Countryside Rec Countryside Rec 300,000.00$ 4 Countryside Librarysystem size compared to othersLong CenterThe size of the system and the timing of an already planned capital project pushed the value for this install higher than the original.Long Center 1,000,000.00$ 5 N.Greenwood RecElectricity offset was low and roof condition is very goodGreenwood SubstationWe are vacating the buildingOsceola GarageThis project came about after the report began so it was not studied. Considering the resources already allocated it is an efficient use of resources.300,000.00$ 6FS 48system size compared to othersSW RecyclingUpcoming changes to the campus mean solar installation on this timeline does not make senseFS46This project was already in the works when the report began so it was not studied. Proximity to Parking Lot 36 provides a lot more versitility, to include EV charging and vehicle shading/overhead shelter. Additionally, coupling this install with the N.Greenwood install may provide us an economies of scale opportunity due to similar installation types. 7 Fleet Ross NortonGreat system size, but the spread out nature of the roof panels and the lack of secondary shading benefits from carports due to heavy shading in the parking lot equate to a drop in value. This would adjust if a decision to shift away from Carports is made. N Greenwood LibraryThis project was originally speced as a rooftop install, however after staff reviewed the area, the lack of parking lot shading and proximity to uncovered outdoor athletic space, pushes us to believe that a shift to a carport style install to provide vehicle shading/overhead shelter would provide a secondary benefit. 2,550,000.00$ 8 Gas SalesNo longer thereArmoryUnknowns related to the future occupancy of the property reduces the near term value, however this site has great opportunity once future decisions are made for occupancyMSB GarageReview took into account existing financials, however the potential of providing power to PD main or to power fleet vehicles stored in MSB Garage push the value of this project higher.9 Morningside RecNewer roof, system size compared to othersJack RussellNot all electric used at the facility is paid by the city, deflating the financials somewhat. While it is still a good application, other applications are higher value with the secondary shading impactsGarden Ave GarageReview took into account existing financials, however the potential of providing power to PD main or to power fleet vehicles stored in Garden Ave Garage push the value of this project higher. 10 MSBCity Hall UnknownsSid Lickton ConcessionDistance from power source is a concern and while Canopies were shown, the shelter needs at this athletic fields are not as significant, as a building shelter exists. Beach Library/Rec/PoolReview identified the Beach Library/Rec as a separate project than Beach Pool. In combining the projects, the value increases, and when coupled with the vehicle shading/overhead shelter opportunities of car port installs in the parking between the sites, the value is pushed higher Timing for ARPA Timing for Congressional AllocationSiteFleet**** Countryside Rec**** SW Transfer**** N Greenwood Library*** TotalCost600,000.00$ 300,000.00$ 350,000.00$ 500,000.00$ 1,750,000.00$ Timing of Encumberance4Q FY23 1Q FY24 2Q FY24 UnkSiteOsceola Garage* Long Center FS 46* MSB Garage** Garden Ave Garage Beach Rec/LibraryTotalCost300,000.00$ 1,000,000.00$ 750,000.00$ 300,000.00$ 300,000.00$ 500,000.00$ 3,150,000.00$ Timing of Encumberance1Q FY24 4Q FY23 Unk Unk Unk Unk Overall 4,900,000.00$ Time specified 2,550,000.00$ **********EngineeringCost is an estimate is based on MSB and Garden Ave garages from consultantBased on PW timing for 2 or the 3 alternatives Alterative 3 (retractable roof) would preclude opportuny for Solar Install. Working through code issues which may impact timeline. Planning generally supportive of code changeCurrently dependent on Acquisition of EV Vehicles for MSB VechiclesTiming Dependent on results of building water leak analysis set for May 2023Encumber by end of Q4 2024, expend by Q4 20261 Year from agreement approval ‐ TBDLegendGeneral ServicesNot included in original Consultant reviewTiming Dependent on legal opinion on transfer of power from MSB to PD MainAlternative from the original consultant reviewCovered by congressional allocation Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9675-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.1 SUBJECT/RECOMMENDATION: Adopt Ordinance 9675-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Section 21.12 relating to prostitution. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9676-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.2 SUBJECT/RECOMMENDATION: Adopt Ordinance 9676-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Article 2, relating to registration of ex-convicts. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9677-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.3 SUBJECT/RECOMMENDATION: Adopt Ordinance 9677-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Section 21.20 relating to the offense of sitting or lying down. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9678-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.4 SUBJECT/RECOMMENDATION: Adopt Ordinance 9678-23 on second reading, amending Chapter 21, Code of Ordinances to repeal Section 21.15 relating to the offense of requesting payment in exchange for watching parked motor vehicles. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9679-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.5 SUBJECT/RECOMMENDATION: Adopt Ordinance 9679-23 on second reading, amending Chapter 30, Code of Ordinances to repeal Article 6 relating to cruising. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9680-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.6 SUBJECT/RECOMMENDATION: Adopt Ordinance 9680-23 on second reading, amending Chapter 22, Articles 1 and 2, Code of Ordinances to define electronic cigarette and prohibit smoking and vaping on city owned public parks and beaches. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 Mayor,City Manager,City Council The Environmental Advisory Board applauds efforts to reduce trash and litter in the community. To that end,the board supports Ordinance 9680-23,which would prohibit smoking on Clearwater Beach and at parks throughout the city as a way to reduce litter of discarded cigarettes. Deputy Chief of Police Michael Wanek gave the board a thoughtful presentation on May 17 of the ordinance,which includes why this step would be necessary,cigarette butts are a leading form of litter.Not only is the trash pervasive,cigarette filters are made from cellulose acetate, which breaks down over time spreading into smaller pieces. “One solid filter ends up being thousands of tiny microplastics,”according to the National Oceanic and Atmospheric Administration. E-cigarettes are also a growing environmental concern and would be prohibited as part of the ordinance. Already,the City of St.Petersburg passed an ordinance restricting the use of tobacco at its beaches and parks.Pinellas County leaders are developing rules to prohibit cigarettes at its beaches and parks as well. The City of Clearwater Environmental Advisory Board urges the City Council to adopt Ordinance 9680-23. Thank you for your consideration. Jared Leone Chair,Environmental Advisory Board Marita Lynch Vice-Chair John Thomas Member Sheila Sullivan Member Glenna Wentworth Member Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9689-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.7 SUBJECT/RECOMMENDATION: Adopt Ordinance 9689-23 on second reading, amending Chapter 22, Article 2 relating to hours of operation and Article 3 relating to special events. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 1 ORDINANCE NO. 9689-23 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, MAKING AMENDMENTS TO THE CODE OF ORDINANCES, CHAPTER 22, PARKS, BEACHES, RECREATION, BY AMENDING ARTICLE II. USE REGULATIONS AND ARTICLE III. SPECIAL EVENTS, TO CLARIFY, REVISE, AND MODIFY EXISTING ARTICLES AND SECTIONS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Chapter 22, Article II sets forth the rules and use regulations that govern activities on park property and public beaches in the City of Clearwater (“City”); WHEREAS, Chapter 22, Article III is known as the Special Events Code and governs the process, procedures, and conditions for special events; WHEREAS, this Chapter 22 has not been amended or updated since 2014; WHEREAS, this Ordinance is necessary to clarify, revise, and modify use regulations for activities on park property and public beaches, and to revise and modify the Special Events Code; WHEREAS, the City has determined that these amendments to the Code of Ordinances promote and support the public health, safety, morals, and welfare of the City’s residents; WHEREAS, the City has determined that the adoption of this Ordinance to be in the best interest of the City. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA, THAT: Section 1: Section 22.24 is amended as follows: Sec. 22.24. Authority to regulate beaches, park property, and the Courtney Campbell Recreation Area. (1) The city manager is empowered in the exercise of the city manager's discretion to regulate the time, place and manner in which the public beaches, park property of the city, and the Courtney Campbell Recreation Area, or any portion thereof, are to be used and enjoyed by the public and to authorize the posting of signs regulating public use. In so doing, the city manager is to give due regard to the safety facilities available thereat, the preservation of public property, the number of persons who can be safely protected and safeguarded at the particular location, and the health and welfare of the public using and wishing to use such facilities. The directions of the city manager given pursuant to the authority contained in this section are 2 declared to have the effect of law and shall be enforced by the police officers of the city. See Appendix A for Schedule of Fees, Rates and Charges for the use of Parks and Recreation facilities. (2) The hours of operation for each city park, as may be amended from time to time, are as follows: Park Name Closed from Sunset to Sunrise ALLEN'S CREEK PARK ALLIGATOR LAKE ANN CIRCLE PARK BAY PARK ON SAND KEY MYRON A. SMITH BAYVIEW PARK CEDAR GROVES CHARLES PARK CHARTER OAKS COURTNEY CAMPBELL TRAIL LAKE CHAUTAUQUA PARK CHAUTAUQUA PARK SOUTH CHERRY HARRIS PARK CLEARWATER MUNICIPAL CEMETERY CLIFF STEPHENS PARK COOPERS BAYOU PARK COUNTRY HOLLOW PARK CYPRESS BEND PARK CYPRESS POINT PARK D.D. DAVIS PARK DEL ORO PARK TRAIL DREW PLAZA EDGEWATER DRIVE PARK ENTERPRISE DOG PARK GARDEN AVENUE PARK GLEN OAKS PARK GLENWOOD PARK HARDING PLAZA HIBISCUS LAKE HILLCREST PARK HOLT AVE. PROPERTY KAPOK PARK LAKE HOBART SOUTH 3 LAKE LUCILLE LAWN BOWLS & SHUFFLEBOARD COMPLEX - PARK AREA ONLY MAGNOLIA STREET DOCK MANDALAY PARK McKAY PLAYFIELD NORTH GREENWOOD REC. & AQUATIC COMPLEX PLAYGROUND NORTHEAST COACHMAN PARK NORTHWOOD PARK OVERBROOK PARK PLAZA PARK PROSPECT LAKE PARK REAM WILSON TRAIL SALLS LAKE 1 & 2 SAND KEY BAYSIDE PARK SEMINOLE DOCK PARKS SOULE ROAD PARK SPRING LAKE PARK STATE STREET PARK STATION SQUARE PARK SUNSET POINT ROAD PLAYFIELD SUNSET SAM PARK AT ISLAND ESTATES TERRACE LAKE TOWN PLACE PARK TURNER STREET DOCK CLOSED FROM 12AM TO 5AM COACHMAN PARK CLOSED FROM 9PM TO 6AM BELMONT PARK COURTNEY CAMPBELL RECREATION AREA CREST LAKE PARK ED WRIGHT PARK MORNINGSIDE RECREATION COMPLEX PIER 60 PARK ROSS NORTON COMPLEX WOOD VALLEY RECREATION CENTER CLOSED FROM 10PM TO 6AM CLW. BEACH FAMILY AQUATIC & REC. COMPLEX 4 COACHMAN RIDGE PARK COUNTRYSIDE COMMUNITY PARK DEL ORO PARK FOREST RUN PARK LONG CENTER MARYMONT PARK MARTIN LUTHER KING RECREATION PARK AREA MONTCLAIR PARK NORTH GREENWOOD REC. & AQUATIC COMPLEX VALENCIA PARK WOODGATE PARK OPEN 24 HOURS PER DAY CLEARWATER BEACH CLEARWATER BEACH FAMILY AQUATIC & REC. COMPLEX BOAT RAMP MEMORIAL CAUSEWAY SEMINOLE DOCKS (BOAT LAUNCHING) OPEN FOR PERMITTED USE ONLY CARPENTER FIELD COOPERS POINT NATURE PARK COUNTRYSIDE SPORTS COMPLEX DAVID MARTIN SOCCER FIELDS E. C. MOORE COMPLEX (1-9) FRANK TACK PARK HENRY L. MCMULLEN TENNIS COMPLEX JACK RUSSELL STADIUM JOE DIMAGGIO SPORTS COMPLEX MISSOURI AVENUE (DOT) MOCCASIN LAKE NATURE PARK PHILLIP JONES PARK ROSS NORTON BALLFIELDS SID LICKTON PARK WALTER C CAMPBELL PARK & BUCCANEER FIELD CITY OWNED PROPERTY LEASED TO OTHERS (HOURS OF OPERATION ESTABLISHED BY LESSEE) BAYCARE BALLPARK CHI-CHI RODRIGUEZ GOLF COURSE CLEARWATER GOLF CLUB 5 THE LANDINGS GOLF CLUB KINGS HIGHWAY RECREATION CENTER LAWN BOWLS & SHUFFLEBOARD COMPLEX PERFORMING ART CENTER & THEATER (PACT) SAILING CENTER NO. SITE NAME 1. CLOSED FROM SUNSET UNTIL SUNRISE: 1 ALLEN'S CREEK PARK 2 ALLIGATOR LAKE 3 BAY PARK ON SAND KEY 4 MYRON A. SMITH BAYVIEW PARK 5 BELMONT PARK 6 CEDAR GROVES 7 CHARLES PARK 8 CHARTER OAKS 9 LAKE CHAUTAUQUA PARK 10 CHAUTAUQUA PARK SOUTH 11 CHERRY HARRIS PARK 12 CLIFF STEPHENS PARK 13 COOPERS BAYOU PARK 14 COUNTRY HOLLOW PARK 15 CYPRESS BEND PARK 16 CYPRESS POINT PARK 17 D.D. DAVIS PARK 18 DEL ORO PARK TRAIL 19 DREW PLAZA 20 ED WRIGHT PARK 21 EDGEWATER DRIVE PARK 22 ENTERPRISE DOG PARK 23 GARDEN AVENUE PARK 24 GLEN OAKS PARK 25 GLENWOOD PARK 26 HARDING PLAZA 27 HIBISCUS LAKE 28 HILLCREST PARK 29 LAKE HOBART SOUTH 30 LAKE LUCILLE 31 LAWN BOWLS & SHUFFLEBOARD COMPLEX - PARK AREA ONLY 32 MAGNOLIA STREET DOCK 33 MANDALAY PARK 34 McKAY PLAYFIELD 35 NO. GREENWOOD REC/AQUATIC COMPLEX PLAYGROUND 36 NORTHEAST COACHMAN PARK 37 NORTHWOOD PARK 38 OVERBROOK PARK 39 PLAZA PARK 40 PROSPECT LAKE PARK 41 SALLS LAKE 1 & 2 6 42 SAND KEY BAYSIDE PARK 43 SEMINOLE DOCK PARKS 44 SOULE ROAD PARK 45 SPRING LAKE PARK 46 STATE STREET PARK 47 STATION SQUARE PARK 48 SUNSET POINT ROAD PLAYFIELD 49 SUNSET SAM PARK AT ISLAND ESTATES 50 TERRACE LAKE 51 TOWN PLACE PARK 52 TURNER STREET DOCK 53 VALENCIA PARK 2. CLOSED FROM 9:00 PM UNTIL 6:00 AM: 54 BAYFRONT TENNIS COMPLEX 55 COACHMAN PARK 56 COURTNEY CAMPBELL RECREATION AREA 57 CREST LAKE PARK 58 MEMORIAL PARKS 1 & 2 59 MORNINGSIDE RECREATION COMPLEX 60 PIER 60 PARK 61 ROSS NORTON COMPLEX 62 WOOD VALLEY RECREATION CENTER 3. CLOSED FROM 10:00 PM UNTIL 6:00 AM: 63 CLW. BEACH FAMILY AQUATIC & REC. CMPLX. 64 COACHMAN RIDGE PARK 65 COUNTRYSIDE COMMUNITY PARK 66 DEL ORO PARK 67 FOREST RUN PARK 68 LONG CENTER 69 MARTIN LUTHER KING RECREATION PARK AREA 70 MONTCLAIR PARK 71 NO. GREENWOOD REC. & AQUATIC COMPLEX 72 WOODGATE PARK 4. OPEN 24 HOURS PER DAY: 73 CLEARWATER BEACH 74 CLEARWATER BEACH FAMILY AQUATIC & REC. COMPLEX BOAT RAMP 75 MEMORIAL CAUSEWAY 76 SEMINOLE DOCKS (BOAT LAUNCHING) 5. OPEN FOR PERMITTED USE ONLY: 77 CARPENTER FIELD 78 COOPERS POINT NATURE PARK 79 COUNTRYSIDE SPORTS COMPLEX 80 DAVID MARTIN SOCCER FIELDS 81 E. C. MOORE COMPLEX (1-9) 82 FRANK TACK PARK 83 HENRY L. MCMULLEN TENNIS COMPLEX 84 JOE DIMAGGIO COMPLEX 85 MARYMONT PARK 86 MISSOURI AVE. (DOT) 87 MOCCASIN LAKE NATURE PARK 88 PHILLIP JONES PARK 7 89 ROSS NORTON BALLFIELDS 90 SID LICKTON PARK & FRED COURNOYER CT. CITY OWNED PROPERTIES—LEASED TO OTHERS (Hours of operation established by Lessee): 91 BRIGHTHOUSE NETWORK FIELD 92 CHI-CHI RODRIGUEZ GOLF COURSE 93 CLEARWATER COUNTRY CLUB 94 THE LANDINGS GOLF CLUB 95 HARBORVIEW CENTER 96 HOLT AVE. PROPERTY 97 JACK RUSSELL STADIUM 98 KINGS HIGHWAY RECREATION CENTER 99 LAWN BOWLS & SHUFFLEBOARD COMPLEX 100 PERFORMING ART CENTER & THEATER (PACT) 101 SAILING CENTER (3) Each city park shall have at least one prominently posted sign that states the hours of operation for that park. (4) No person shall enter or remain upon park property at any time during which the park is closed except by permit issued by the department or unless permission has been given by the department or city manager. (5) The city manager or his or her designee may prohibit a party from parking a vehicle in an area designated for parking or upon any other park property if said party does not remain on the park property and such parking inhibits or prevents others from parking at the park facility in order to use the facility as intended. Section 2: Section 22.28 is amended as follows: Sec. 22.28. Protection and preservation of property. (1) Regulation of conduct with respect to protection of park property to prevent damage, removal or destruction is necessary to preserve park and recreation areas for the use of future generations. (2) As all property in all parks is city property, no unauthorized person shall willfully mark, write on, draw on or otherwise deface, damage or injure in any way, or displace, remove, destroy or tamper with any park facility or any part of the park grounds including, but not limited to, building material, water lines or other public utilities or parts of appurtenances thereof, park signs, notices or other boundary markers, or other structures, equipment, either real or personal. (3) No unauthorized person shall transplant or remove from any park area or public beach any sand whether submerged or not or any soil, rock, stones, trees, shrubs, plants, seeds, flowers, fruits, nuts, down timber or other wood materials; make any search or excavation by tool, equipment, blasting or other means or agency; construct or erect any buildings or structures of whatever kind whether permanent 8 or temporary in character; or run or string any public service utility into, upon or across such lands. Exceptions shall be permitted for minor excavations involving the recovery of lost artifacts on the public beaches or public parks, provided such minor excavations are immediately refilled and no safety hazards to the public are created. Metal detectors are allowed by obtaining a permit from the parks and recreation department. (4) Preservation of archaeological and historic sites: no person shall excavate, disturb or remove any historic or prehistoric cultural artifacts, nor any bones, shells, or geological specimens on land owned or managed by the city, except as part of an authorized and designated study for scientific, documentation or research purposes, and only with written permission from the city manager or their designee. Scientific evaluation excavation of any designated or non-designated archaeological site may not be conducted without a state permit. (5) Trees, shrubbery and lawns are property assets of the park. No unauthorized person shall cut, carve or injure the bark, break off limbs or branches of trees or mutilate trees in any way or pick the flowers, fruits, seeds or nuts of any tree or plant. No person shall dig in or otherwise disturb the grass areas or in any other way injure or impair the natural beauty of usefulness of any area. No person shall pile debris or material of any kind on or about any tree or plant or attach any item that could result in damage to any tree or plant, whether temporary or permanent in character or use. (6) No person shall tie any animals to any tree or plant. (7) No person shall stand or sit on any structure not intended for such use in any park. (8) No person shall use tacks, nails, staples or other items that penetrate wood on shelters, signs, trees, etc. (9) No person shall use water from park water fountains, hose bibs and sinks in restrooms for the purpose of bathing. Bathing is allowed only in shower facilities within recreation centers and city pools, or outdoor showers at public beaches as set aside for such purposes, strictly for use by recreation center and pool participants, or beachgoers. Soap, shampoo, or other cleansers may be used at indoor shower facilities only. In no event shall soap, shampoo, or other cleansers be used at outdoor showers, which are for rinsing only. (10) No person shall tie or attach any item to a tree, plant, ground, or any other object for any purpose unless authorized by a special event permit. 9 Section 3: Section 22.33 is amended as follows: Sec. 22.33. Bathing and swimming areas and the Courtney Campbell Recreation Area. (1) No person, regardless of age, sex or manner of dress shall swim, wade or bathe in waters or waterways in any park other than at such places set aside for such activities. (2) No person shall carry, transport, or cause to be transported any glassware, bottles or any other potentially dangerous or sharp objects onto any portion of the Courtney Campbell Recreation Area or onto any public beach, or into any bathing, wading, or swimming pool areas of a public beach, a park, or the Courtney Campbell Recreation Area. (3) No person shall frequent any park waters or public bathing beach for the purpose of swimming or bathing except between such hours of the day as shall be designated or posted by the department for such purposes for each individual area. (4) Persons using public beaches or the Courtney Campbell Recreation Area shall obey all rules posted by the city manager or his designee and other rules affecting beach use and water safety which are implemented as the situation dictates. (5) Illegal drugs and all alcoholic beverages are prohibited on any public beach or on any portion of the Courtney Campbell Recreation Area. (6) Surfboards, sailboats, motorboats, personal watercraft, or singular hard-surfaced objects are not permitted to be beached on any public beach or to be operated in any area described in section 33.114 (Exhibit "A", attached hereto and incorporated herein) unless authorized. (A) Authorized area for skim boards and surf boards on Clearwater Public Beach are: Eastern boundary coordinates: 27 degrees, 59 minutes, 06 seconds north latitude, 82 degrees, 49 minutes 44 seconds west longitude at the shoreline to approximately 153 yards north at 27 degrees, 59 minutes, 11 seconds north latitude, 82 degrees, 49 minutes, 44 seconds west. The western boundary coordinates are: 27 degrees, 59 minutes, 11 seconds north to 82 degrees, 49 minutes, 50 seconds west and 27 degrees, 59 minutes, 06 seconds north and 82 degrees, 49 minutes, 50 seconds west longitude. This is an approximate 153 yard by 330 yard area extending from the mean high water line of Clearwater Public Beach westward into the Gulf of Mexico 330 yards, not to exceed the above coordinates. (7) Open fires, grills, or other cooking or heating devices are not permitted on any public beach or the Courtney Campbell Recreation Area. 10 (8) Public beaches and the Courtney Campbell Recreation Area, as well as the swimming areas associated therewith, may be closed to the public when, in the opinion of the city manager or his designee, use of such areas is considered dangerous due to weather, surf or other conditions. (9) Persons using public bathing beaches or other parks must be appropriately dressed for each activity. It shall be unlawful for any person to appear nude in public as defined in section 21.13 of this Code, as may be amended from time to time. (10) No person shall enter upon any erosion control structure, including breakwater, jetties, or groin except as authorized. (11) No unauthorized person shall enter or occupy or use in any manner any lifeguard stand or station, or other lifesaving equipment at any time. (12) No persons or pets shall wash or be washed, with soap or other cleaners, in any swimming area or any other public waters, including but not limited to beaches, storm water, lakes or streams. (13) Vessel trailers shall not be permitted in the parking areas designated for the Courtney Campbell Recreation Area or Sand Key Bayside Park. Vessels cannot be launched from the Courtney Campbell Recreation Area or Sand Key Bayside Park, unless issued a permit by the city. Section 4: Section 22.35 is amended as follows: Sec. 22.35. Fishing. (1) Fishing will be in accordance with the State Fish and Wildlife Conservation Commission and the State Department of Environmental Protection rules and regulations. (2) Commercial fishing or the buying or selling of fish caught in any park waters is strictly forbidden. (3) The use of trotlines for fishing in park waters is forbidden and the use of cast nets for fishing in fresh water in parks is forbidden. (4) Fishing is permitted in all parks except those designated with signage not allowing fishing. (5) Unwanted fish and fishing bait must be properly disposed of in trash receptacles and not left on piers, beach shoreline, catwalks or roads. 11 (6) No person shall at any time fish from public beaches in any designated swim area. where bathing and swimming are permitted nor within any restricted area associated therewith within the area described in section 33.114. Section 5: Section 22.36 is amended as follows: Sec. 22.36. Picnic areas. (1) No person shall build, light or cause to be lighted any fire except in an approved grill, stove, fireplace or other suitable container provided by the city for such purposes in a park. , except that grills and similar out-of-doors cooking devices shall be permitted on the Courtney Campbell Recreation Area. No person who has a fire shall leave the area without extinguishing the fire. (2) No person shall use a grill or other device in such a manner as to burn, char, mar or blemish any bench, table, or other object located in a park or on the Courtney Campbell Recreation Area. (2) (3) Department personnel will regulate activities in picnic areas when necessary to prevent congestion and to secure the maximum use for the comfort and convenience of all. If the facilities are crowded, persons holding picnics in any picnic area, building or structure shall not use the same to the exclusion of others for an unreasonable time. Where the picnic facilities are fully occupied, use of any picnic site more than three hours shall be unreasonable. Use of the individual tables and benches follows generally the rule of first come, first served. Section 6: Section 22.37 is amended as follows: Sec. 22.37. Use of restrooms and other park structures. (1) No person over the age of six shall occupy or enter any restroom, dressing room, pavilion or other park structure thereof which is reserved or designated by the department for the exclusive use of the opposite sex. (2) No person other than a person using a restroom or dressing room shall stand or remain in and around such restroom or dressing room. Section 7: Section 22.38 is amended as follows: Sec. 22.38. Camping. (1) No person shall set up tents, shacks or any other temporary shelters, or any special vehicle to be used or that could be used for such purpose, such as a house trailer, 12 camp trailer, camp wagon or the like on any public beach, Courtney Campbell Recreation Area, or park property for the purpose of camping, except within such areas as may have been provided for such use as authorized by a special event permit. (2) All persons using the approved and properly designed camping areas shall abide by such regulations as are drawn up by the department for the proper use thereof. Section 8: Section 22.39 is amended as follows: Sec. 22.39. Hunting and weapons. (1) No unauthorized person shall openly carry, use or possess a weapon from which a projectile is propelled by the action of compressed air, the expansion of gas or a spring, or other mechanical means, bows and arrows, gel guns, slingshots, boomerangs, or any other form of weapon potentially dangerous to wildlife or human safety on any public beach or park area except at and in accordance with the rules and regulations as a participant in a program sponsored by the department or as authorized by federal or state law. (2) No unauthorized person shall hunt, trap, or pursue wildlife by any means or method whatsoever on any public beach or park area. (3) This section is not intended to regulate the carrying, use, or possession of firearms, which are regulated by F.S. Ch. 790. Section 9: Section 22.40 is amended as follows: Sec. 22.40. Domestic animals. (1) Dogs and other pets shall be excluded from any place where food and drinks are consumed indoors or where posted. (2) Dogs shall at all times be restrained and on adequate leashes when the dog is on the sandy beach or in the swimming areas abutting the sandy beach located from the boundary of Somerset Street to the northern most boundary of Clearwater Beach or on the Courtney Campbell Recreation Area. (3) Other than as specifically provided for below, in those park areas where dogs and other pets are allowed, the dogs shall at all times be restrained and on adequate leashes, and all other pets shall be under constant physical control of a person. (4) At Crest Lake and Enterprise Dog Parks only, there are areas designated for dogs off leash. Dogs in these designated areas must be accompanied by their owner or 13 owner’s authorized handler, be under vocal control and not cause a public nuisance, safety hazard, or harass wildlife or aggressive to others. (5) All pets shall be excluded from all public beaches, public pools, public splash pads and swimming areas abutting public beaches and parks. (6) In the case of dog and other pet defecation on park property, the Courtney Campbell Recreation Area, or the sandy beach located from the boundary of Somerset Street to the northern most boundary of Clearwater Beach, the owner or person in charge or in control of the dog or other pet shall remove all feces deposited by such animal and dispose of same in a sanitary manner. (7) Notwithstanding restrictions described in this section, animals engaged in training to provide assistance to an individual with a disability, or animals individually trained to provide assistance to an individual with a disability shall be permitted in all public areas and public facilities. The accommodation of service animals as provided for herein shall at all times be in accordance with the Americans with Disabilities Act of 1990 (ADA), 42 USCA § 12101 et. seq., and Florida Statute 413.083, (2012), formerly 413.08 (2011). Section 10: Section 22.41 is amended as follows: Sec. 22.41. Horseback riding. No person shall engage in horseback riding in any park, or recreation area, public bathing beach, or Courtney Campbell Recreation Area, other than those where provision for such is made by clearly marked bridle paths, trails, rings, and other necessary features and then only upon thoroughly broken and properly restrained animals that are ridden with care, prevented from grazing and straying unattended, untethered to any rock, tree or shrub, and not ridden or led on any park land other than so designated. Section 11: Section 22.45 is amended as follows: Sec. 22.45. Motorcycles and mopeds. No person shall ride, drive or propel any motorcycle, scooter, moped or similar vehicle on any but the regular vehicular roads. 14 Section 12: Section 22.47 is amended as follows: Sec. 22.47. Aircraft. (1) No person operating, directing, or responsible for any airplane, helicopter, drone, glider, balloon, dirigible, parachute or other aerial apparatus shall take off from or land in or on any park land, water, or public beach area except when human life is endangered or written authorization is granted. (2) No person operating any aircraft shall engage in acrobatic flight over park property. (3) No person shall take off, land or otherwise operate any aircraft in or over any public beach or in any area described in section 33.114. Section 13: Section 22.48 is amended as follows: Sec. 22.48. Servicing, washing of vehicles or vessels. No person shall change any parts, repair, wash, grease or perform other maintenance on a vehicle or vessel on any park property except in emergencies. Section 14: Section 22.55 is amended as follows: Sec. 22.55. Special events. ,public assemblies. (1) Sports events, pageants, entertainments, and similar productions characterized as public spectator attractions are allowed on public beaches, on the Courtney Campbell Causeway Recreation Area, and in parks provided authorization is given in compliance with article III of this chapter. (2) Public meetings, assemblies, gatherings, demonstrations, parades and other public expressions of views are allowed within park areas provided authorization is given in compliance with article III of this chapter. (2) (3) Any and all rental fees and insurance requirements if required for activities under this section must be met. (3) (4) No public address system or electrical amplification will be permitted on public beaches, on the Courtney Campbell Causeway Recreation Area, or in park areas in violation of section 3-1508 – Noise of the community development code. except by special permit. 15 Section 15: Section 22.59 is amended as follows: Sec. 22.59. Possession of alcoholic beverages. No person shall sell, consume or possess have in his possession any alcoholic beverage as defined in section 6.21 of any form on any park property, except as permitted by an alcoholic beverage special event permit as provided for in this chapter. This prohibition shall not apply to the Performing Arts Center and Theater, to the Harborview Center, to any portion within a public building when rented to private parties, or to Jack Russell Stadium, the Clearwater Country Club golf course, The Landings Golf Club, Bright House Networks Field, and to the fenced in area at the Clearwater Community Sailing Center, when the sale or consumption of alcoholic beverages has been authorized by the terms of any lease or other agreement approved by the city. City Council, or to events held pursuant to an alcoholic beverage special event permit issued under the provisions of sections 22.88 through 22.91. Section 16: Section 22.89 is amended as follows: Sec. 22.89. Application for alcoholic Alcoholic beverage special event permit. ; city property or sponsorship. (1) Sale or and/or consumption of alcoholic beverages at a special event located on property owned by the city where the city is a sponsor or co-sponsor of the event, or at a special event taking place at outdoor events on public right-of-way or and public park property in the downtown area of Clearwater, may be authorized by issuance of an alcoholic beverage special event permit. For purposes of this article, the downtown area of Clearwater is the area between Drew Street and Pierce Street North and South and between Myrtle Avenue and the waterfront. (2) A person seeking approval for such sale or and/or consumption activity shall file a separate application with the city manager, or designee, on forms provided by the city. (3) The application shall be filed not less than 30 15 days prior to the proposed special event. In extenuating circumstances, the city manager may waive this 30-day rule. (4) The application for an alcoholic beverage special event permit shall include, in addition to any information, which is required the requirements under section 22.82, the following information: (a) Diagram depicting areas within the event venue within which alcoholic beverage sales are to occur. (b) Documentation of state alcoholic beverage licensing. 16 (c) Diagram depicting areas within the event venue within which alcoholic beverage possession and consumption is to be permitted, in accordance with section 22.90(5), if applicable. Section 17: Section 22.90 is amended as follows: Sec. 22.90. Conditions; alcoholic beverage special event permit. Permits issued pursuant to section 22.59 for sale or and/or consumption of alcoholic beverages at a special event shall be subject to the following conditions in addition to those contained in section 22.83: (1) No applicant shall be issued more than three permits per year pursuant to F.S. § 561.422, and an additional 15 temporary permits pursuant to Chapter 2012- 244, Laws of Fla., and no permitted event may exceed three days in duration. (2) Permits shall be issued only to nonprofit organizations. (1) (3) The applicant must provide, in addition to insurance required under section 22.82(3), 22.82(g), general liability and other insurance as required by the provisions of Florida Statutes for the sale and/or consumption of alcoholic beverages. (4) Only beer, as defined in F.S. § 563.01, and wine, as defined in F.S. § 564.01, shall be served, except as provided for below. (2) (5) The sale or consumption and possession of alcoholic beverages as defined in section 6.21 may be permitted in accordance with an alcoholic beverage special event permit in areas specifically depicted within an event venue diagram as required by section 22.89(4). (c). Under no circumstance shall such beverages be sold. (3) (6) The proposed sales or and/or consumption activity will not unreasonably interfere with or detract from the promotion of public health, welfare, safety and recreation. (4) (7) The proposed sales or and/or consumption activity will not entail extraordinary or burdensome expense or police operation by the city. (5) (8) The use of alcoholic beverages is not expected to result in violence, crime or disorderly conduct. (6) (9) The person responsible for conducting the event on behalf of the applicant meets state minimum age licensing requirements and has not been convicted of a felony or crime involving moral turpitude. 17 (7) (10) The applicant application has obtained all necessary federal, state and local licenses and permits, including but not limited to those required by chapter 561, F.S., to engage in the proposed sales of alcoholic beverages. and/or consumption activity. (8) (11) Hours of operation for the sales and/or consumption activity shall comply with the provisions of section 6.29(1). (9) (12) Alcoholic beverages shall be served in containers meeting industry standards for such events, and must be approved for each event by the special events committee. Alcoholic beverage containers shall be so designed and constructed that law enforcement officers may ascertain their contents upon visual inspection, and shall not include sport drink bottles, ceramic or glass mugs, closed containers, glass bottles, or similar containers. The applicant shall provide for proper disposal of litter resulting from the activity. Other containers, such as metal cans may be disallowed for safety reasons by order of the chief of police. (10) (13) The applicant shall comply with all ordinances associated with permitting of events upon public property. (11) (14) The sale and consumption of alcoholic beverages shall be confined to designated and secured areas within the event venue or shall be confined within a secured perimeter for the entire event. (15) All seated (including lawn or grass seating) events shall have a non-alcoholic section where sales or consumption is not permitted. (12) (16) The applicant shall pay all additional costs of police and other city services attributable to the sale or consumption of alcoholic beverages during the activity. Coding: Words in strikeout type are deletions from existing text. Words in underline type are additions. Section 18: Should any of the clauses, sentences, paragraphs, sections, or parts of this Ordinance be deemed invalid, unconstitutional, or unenforceable by a court of law or administrative agency with jurisdiction over the matter, such action shall not be construed to affect any other valid portion of this Ordinance. Section 19: This Ordinance shall become effective immediately upon adoption by City Council. 18 PASSED ON FIRST READING ____________________ PASSED ON SECOND AND FINAL ____________________ READING AND ADOPTED ____________________________ Brian J. Aungst Sr. Mayor Approved as to form: Attest: _________________________ ____________________________ Owen Kohler Rosemarie Call Lead Assistant City Attorney City Clerk Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: 9690-23 2nd rdg Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: OrdinanceIn Control: City Attorney Agenda Number: 8.8 SUBJECT/RECOMMENDATION: Adopt Ordinance 9690-23 on second reading, amending Chapter 2, Article V, Division 3, Employees’ Pension Plan, to amend Section 2.414, Participation. SUMMARY: APPROPRIATION CODE AND AMOUNT: USE OF RESERVE FUNDS: Page 1 City of Clearwater Printed on 6/8/2023 1 Ordinance 9690-23 ORDINANCE NO. 9690-23 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA; AMENDING CHAPTER 2, ARTICLE V, DIVISION 3, EMPLOYEES’ PENSION PLAN, AMENDING SECTION 2.414 “PARTICIPATION”; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR SEVERABILITY; PROVIDING FOR A REPEALER; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Clearwater Employees’ Pension Plan (the “Plan”) governs the payment of retirement benefits for City employees; WHEREAS, the City is desirous of attracting and retaining employees to be the Police Chief and Fire Chief; WHEREAS, the Police Chief and the Fire Chief may opt out of the Pension Plan; WHEREAS, the City wants to clarify that a Police Chief or Fire Chief who is rehired after normal retirement and who opts out of the System is entitled to an in-service distribution of their retirement benefits after their rehire; WHEREAS, the Plan’s actuary has studied the cost of this amendment; WHEREAS, the Board of Trustees of the City of Clearwater Employees’ Pension Plan has prepared this ordinance; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA, THAT: Section 1: Section 2.414 of the Code of Ordinances of the City of Clearwater is hereby amended to read as follows: Section 2.414. Participation (a) Participation. (1) Unless otherwise provided herein, all employees of the employer shall be required to make the contributions specified in section 2.415 and shall be required to participate in the plan, except that the Police Chief and Fire Chief may opt out of participation in the Pension Plan as provided for in Florida Statutes §185.02(16) and 175.032(11). (2) Any employee who is a participant and who has been or may be appointed to a regular full-time position exempt from the civil service classified service system of the employer shall be eligible to continue participation in the plan in the same manner as any other employee. 2 Ordinance 9690-23 (b) Reemployment. (1) If a participant terminates employment with the employer and receives a return of employee contributions and is subsequently reemployed within the five-year period following his termination of employment, the former participant shall again be eligible to participate in the plan and his credited service shall be based on all periods of employment, provided he a. Again satisfies the definition of "employee" set forth in section 2.412, and b. Reimburses the plan in accordance with subparagraph (4) of section 2.419. (2) Notwithstanding the foregoing, an employee who is reemployed in a regular full-time position other than that of a firefighter or police officer after his benefits have commenced under the plan (other than disability benefits pursuant to section 2.418) shall not be eligible to participate in the plan upon his subsequent reemployment. Reemployment may not commence until at least 30 days after the initial separation from employment with the city. Upon reemployment, the employee will be required to participate in the federal social security program. (3) In the event that a retiree is reemployed as a full time police officer or firefighter, he shall be required to become a member in the fund. Receipt of benefits shall be suspended for the period of reemployment. Upon ending the period of reemployment, benefits shall be recalculated, taking into account any additional credited service or change in final monthly compensation. Notwithstanding the foregoing, if a hazardous duty employee is rehired after normal retirement as the police chief or fire chief, they may opt out of participation in the Pension Plan and be entitled to receive or continue receiving an in- service distribution of the normal retirement pension benefit. If the police chief or fire chief is rehired after early retirement, no in-service distribution can be made until the Chief reaches the age required in Section 401(a)(36) of the Internal Revenue Code, as it may be amended. Any rehire of a member as Police Chief or Fire Chief is subject to a 30 day period from the date of the initial separation of employment with the City to the rehire date. * * * Section 2: It is the intention of the City Council, and it is hereby ordained that the provisions of this Ordinance shall become and be made a part of the Code of Ordinances of the City Clearwater, that the sections of the Ordinance may be renumbered or relettered to accomplish such intentions; and that the word “Ordinance” shall be changed to “Section” or other appropriate word. Section 3: If any clause, section, or other part or application of this Ordinance shall be held in any court of competent jurisdiction to be unconstitutional or invalid, such unconstitutional or invalid part or application shall be considered as eliminated and shall not affect the validity of the remaining portions or applications which shall remain in full 3 Ordinance 9690-23 force and effect. Section 4: All ordinances or parts of ordinances, resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 5: This Ordinance shall become effective immediately upon adoption, unless otherwise provided. PASSED ON FIRST READING ________________________ PASSED ON SECOND AND FINAL ________________________ READING AND ADOPTED ________________________ George N. Cretekos Mayor Approved as to form: Attest: ____________________________ ___________________________ David Margolis Rosemarie Call City Attorney City Clerk Coding: Words in strikeout type are deletions from existing text. Words in underline type are additions. Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0741 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Council Discussion Item In Control: Council Work Session Agenda Number: 11.1 SUBJECT/RECOMMENDATION: Consider adjusting council salaries, ranging from $41,000 to $49,000 - Councilmember Teixeira SUMMARY: Note - At the May 10, 2023 Charter Review Committee meeting, a motion was approved to “set the mayor's salary at $49,000 and the councilmember's salary at $41,000 with an annual COLA.” Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0742 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Council Discussion Item In Control: Council Work Session Agenda Number: 11.2 SUBJECT/RECOMMENDATION: Create an Imagine Clearwater citizen engagement mechanism - Councilmember Teixeira SUMMARY: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0743 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Council Discussion Item In Control: Council Work Session Agenda Number: 11.3 SUBJECT/RECOMMENDATION: ARPA Grant Awards Distribution Update - Councilmember Beckman SUMMARY: Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0593 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Presentation(s) for Council Meeting In Control: Council Work Session Agenda Number: 15.1 SUBJECT/RECOMMENDATION: June Service Awards SUMMARY: 5 Years of Service Elizabeth Stagliano Parks & Recreation Louis Marquez Public Works Samantha Sheaffer Police Julian Johnson Solid Waste Monica Dilley Parks & Recreation Franklin Kent Public Works Gregory Dixon Planning & Development 10 Years of Service Robin Shaw Public Communications Naylan Albritton Solid Waste Edreka Myrick Finance Dustin Dulek Parks & Recreation James Cooney Public Utilities Louis Christou Finance/Budget Kristopher Koch Parks & Recreation 15 Years of Service Richard Ottinger Solid Waste Gregory Keane Fire David Marlowe Fire 20 Years of Service Robert McKnight Solid Waste Michelle Sheldon Human Resources Ian Prior Public Communications Page 1 City of Clearwater Printed on 6/8/2023 Cover Memo City of Clearwater Main Library - Council Chambers 100 N. Osceola Avenue Clearwater, FL 33755 File Number: ID#23-0675 Agenda Date: 6/12/2023 Status: Agenda ReadyVersion: 1 File Type: Presentation(s) for Council Meeting In Control: Council Work Session Agenda Number: 15.2 SUBJECT/RECOMMENDATION: Clearwater Library Celebrates Citizenship - Meredith Kambic, East Branch Manager SUMMARY: Page 1 City of Clearwater Printed on 6/8/2023