HomeMy WebLinkAboutOrdinance 1977-018 Budget Ordinance FY 1977-78ORDINANCE NO. 18-77
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA,
LEVYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED WITHIN THE COR-
PORATE LIMITS OF THE VILLAGE OF NORTH PALM BEACH ON JANUARY 1, 1977;
FIXING THE TOTAL VALUATION THEREON AND THE TAX MILLAGE RATE THEREON
FOR SAID TAX YEAR; ADOPTING BUDGETS FOR THE FISCAL YEAR OCTOBER 1,
1977 TO SEPTEMBER 30, 1978, BOTH INCLUSIVE, FOR THE VILLAGE OF NORTH
PALM BEACH GENERAL FUND, INCLUDING DEBT RETIREMENT AND FOR THE
NORTH PALM BEACH COUNTRY CLUB REVENUE FUND; AND REPEALING ALL ORDIN-
ANCES IN CONFLICT WITH THIS ORDINANCE.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH,
FLORIDA:
Section 1. That for the tax year ending December 31, 1977
the valuation of all real and personal property within the Village
of North Palm Beach, excluding property owned by the Village of
North Palm Beach, Palm Beach County, State of Florida, and those
properties exempted by State, County or Village laws and ordinances,
is hereby determined to be and is fixed as follows:
Total Real Property Valuation $209,691,799
Total Personal Property Valuation 19,251,956
Total Valuation $228,943,755
Deductions:
Exemptions 36,284,080
Gross Taxable Valuation
Real Property 176,741,052
Gross Taxable Valuation
Personal Property 15,918,623
Total Gross Taxable Valuation $192,659,675
Section 2. For the tax year ending December 31, 1977
a tax of 6.241 mills on the dollar shall be and is hereby levied,
and shall be collected on all real and personal property within the
Village of North Palm Beach, not specifically designated as home-
stead property or owned by the Municipality and/or expressly exempted
by the laws and Constitution of Florida, for the purpose of raising
funds for the improvement and government of the Village, and for
the payment of its obligations and expenses and for the purpose of
carrying out the purpose and duties granted and imposed by its
charter: Which is a tax of 6.241 mills that shall be and is hereby
levied and shall be collected on all real and personal property as
set forth in above Section 1, less homestead, widows', disability
and other exemptions for the purpose of raising funds for the payment
of the Village of North Palm Beach General Fund Appropriations, which
include Debt Retirement, and is set forth hereafter in budget form.
Section 3. That for the fiscal year ending September 30,
1978, revenues for the General Fund of the Village are anticipated
as set forth on Schedule 1 attached hereto entitled "Village of North
Palm Beach, Florida, 1977-78 Annual Budget, Summary of Revenues and
Appropriations/Expenditures", and by reference made a part hereof.
Section 4. That for the fiscal year ending September 30,
1978 the appropriations for the General Fund are hereby set forth
on Schedule 1 attached hereto as "Village of North Palm Beach, 1977-78
Annual Budget, Summary of Revenues and Appropriations/Expenditures",
and by reference made a part hereof.
Section 5. That for the fiscal year ending September 30,
1978 income and expense for the North Palm Beach Country Club Revenue
Fund is anticipated as set forth on Schedule 3 attached hereto
entitled "North Palm Beach Country Club, Comparative Statement of
Operations, For the Fiscal Years Ended September 30, 1977-78" and by
reference made a part hereof.
Section 6. A statement of calculations for the tax levy
of 6.241 mills for the fiscal year ending September 30, 1978 is set
forth on Schedule 2 which is attached hereto and by reference made a
part hereof.
Section 7. All ordinances or parts of ordinances in con-
flict with the provisions of this ordinance are hereby repealed.
Section 8. This Ordinance shall take effect immediately
upon passage.
PLACED ON FIRST READING THIS 8 DAY OF SEPTEMBER, 1977.
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PLACED ON PUBLIC HEARING THIS 8 DAY OF SEPTEMBER, 1977.
PLACED ON SECOND, FINAL READING AND PASSED THIS 22 DAY OF
SEPTEMBER, 1977.
ATTEST:
/s/ Dolores R. Walker
Village Clerk
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/s/ M. C. Love, Jr.
MAYOR
VILLAGE OF NORTH PALM BEACH
ANNUAL BUDGET
1977-1978
SUMMARY OF REVENUES AND APPROPRIATIONS/EXPENDITURES
SCHEDULE 1
AUDITED BUDGET PROJECTED BUDGET
1975-76 1976-77 1976-1977 1977-78
REVENUE
TAXES $1,387,286 $1,557,739 $1,517,743 $1,643,389
LICENSES AND PERMITS 86,334 74,550 95,220 116,700
INTERGOVERNMENTAL REVENUE 722,175 686,027 707,191. 608,538
CHARGES FOR SERVICES 58,634 78,505 75,448. 101,879
FINES AND FORFEITURES 31,844 27,400 25,950 22,500
MISCELLAENOUS 46,704' 44,050 37,831 41,710
OTHER SOURCES 481,848 219.616 219,616 127,448
TOTAL REVENUE $2,814,825 $2,687,887 $2,678,999 $2,662,164
APPROPRIATIONS/EXPENDITURES
GENERAL GOVERNMENT $ 531,224 $ 333,257 $ 337,655 $ 378,679
PUBLIC SAFETY 592,993 723,943 728,947 769,492
PUBLIC SERVICES 788,072 913,536 885,325 933,468
LEISURE SERVICES 360,642 272,348 256,027 292,126
DEBT RETIREMENT 134,717 146,215 146,214 145,429
RESERVE 22,836 23,610 3,000 40,000
TAXATION 33,367 46,800 39,535 47,970
CAPITAL IMPROVEMENTS PROGRAM -0- 228,178 227,914 55,000
TOTAL APPROPRIATIONS/EXPENDITURES $2,463,851 $2,687,887 $2,624,617 $2,662,164
SCHEDULE 2
VILLAGE OF NORTH PALM BEACH
COMPARATIVE ANALYSIS OF TAXABLE VALUATION
FOR THE FISCAL YEARS 1976/77 AND 1977/78
1976/77 1977/78
TOTAL REAL PROPERTY VALUATION 170,550,192 209,691,799
TOTAL PERSONAL PROPERTY VALUATION 18,301.133 19.251.956
TOTAL PROPERTY VALUATION 188,851,325 228.943,755
DEDUCTIONS:
DELINQUENT REAL PROPERTY TAXES VALUATION -0-
INVENTORY (75%) 1,945,551 2,153,745
GOVERNMENT EXEMPTION 6,868,190 8,124,838
WIDOW'S EXEMPTION 162,300 174,800
DISABILITY EXEMPTION '.327,716 407,230
INSTITUTIONAL EXEMPTION 5,994,214 . 4,734,427
CONSTITUTIONAL HOMESTEAD EXEMPTION 16,594,763 16,964,263
SENIOR HOMESTEAD EXEMPTION 3.295,001 3,724,777
35.187,735 36,284.080
GROSS TAXABLE VALUATION 153,663,590 192,659,675
PROPOSED MILL RATE 7.285 6.241
PROPOSED AD VALOREM TAX 1,119,439 1,202,389
DISTRIBUTION OF AD VALOREM TAXES
APPROPRIATIONS 1976/77 1977/78
OPERATING APPROPRIATIONS 6.405 5.424
DEBT SERVICE .576 .568
DISCOUNTS ON TAXES .264 .217
RESERVE FOR UNCOLLECTABLE TAXES .040 .032
PROPOSED MILL RATE 7.285 6.241
North Palm Beach Country Club
Comparative Statement of Operations
For the Fiscal Years Ended September 30. 1977-78
Sales and Income - Except Dues
Sports Activities Schedule
Food Schedule
Beverage Schedule
Other Income Schedule
Total Sales and Income
Less Cost of Goods Sold, Payroll and
Other Departmental Expenses:
Sports Activities Schedule
Food and Beverage Schedule
Total Departmental Expenses
Net Departmental toss •
Add
Budget
1976-77
2 $ 236,820
6 220,500
6 125,000
7 11.7l0
594.040
2 377,115
6 329.1449
706,564
(112,524)
Unapportioned Expenses
Administrative and General Sched, 8 93,020
Entertainment Schedule 9 14,130
Utilities Schedule 10 25,000
Repair and Maintenance-Clubhouse/Sch,11 '30,047
Grounds Maintenance Schedule'12 9,494
Total Unapportioned Expenses 171,691
Net Cost of Operations
Membership Dues
Schedule 13
Dues Available for Fixed Charges
Insurance Schedule 14
Dues Available for Debt Service and
R.O.F. Requirement
Reserve Operation Fund Schedule 15
Debt. Service Contribution Schedule 16
Total R.O.F. and Debt Service
Undistributed Dues
(284,215)
418,140
133,925
13.700
120,225
45,700
55.438
101,138
$ 19,087
Schedule 3
Estimated Budget
1976-77 1977-78
$ 215,000 $ 237,700
223,000 230,500
• 127,000 130,000
147700 11.700
576.700 609,900
340,599 366,490
342.710 340,075
683,309 706,565
(106,609) ( 96,665)
92,272 103,000
18,975 14,000
26,386 31,500
33,139 38,850
6,947 9.350
177,719 196,700
(284,328) (293,365)
380,000 423,000
95,672 129,635
17.800 118,000
77.872 111,635
27,000
55,438
82,438
$( 4,566)
50,098
61.537
111,635