HomeMy WebLinkAbout2004-25 Adopts Budget for FY 2004-2005ORDINANCE 25-2004
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ADOPTING
BUDGETS FOR THE FISCAL YEAR OCTOBER 1, 2004, TO SEPTEMBER 30, 2005, 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 ORDINANCES IN CONFLICT WITH THIS
ORDINANCE.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA:
Section 1. That for the fiscal year ending September 30, 2005, revenues and appropriations for
the General Fund of the Village are anticipated as set forth on Exhibit A attached hereto entitled
"Village of North Palm Beach Summary of General Fund Revenues and Expenditures Budget Year
2004-2005", and by reference made a part hereof.
Section 2. That for the fiscal year ending September 30, 2005, revenues and expenses for the
North Palm Beach Country Club Revenue Fund are anticipated as set forth on Exhibit B attached
hereto entitled "North Palm Beach Country Club Summary of Revenue and Expenses Budget Year
2004-2005", and by reference made a part hereof.
Section 3. The following budget transfer regulations shall apply:
5.01 - Appropriations shall not be transferred in amounts over $5,000 without the
approval of the Village Council.
5.02 - Appropriations of $5,000 or less shall not be transferred without the
approval of the Village Manager; however, nothing herein is intended to
permit the Village Manager to violate the intent of the approved budget.
Section 4. All Ordinances or parts of Ordinances in conflict with the provisions of this
Ordinance are hereby repealed.
Section 5. This Ordinance shall take effect immediately upon passage.
PLACED ON PUBLIC HEARING THIS 8th DAY OF SEPTEMBER. 2004, AND THIS 23rd
DAY OF SEPTEMBER, 2004.
PLACED ON FIRST READING THIS 9th DAY OF SEPTEMBER, 2004.
PLACED ON SECOND, FINAL READING AND PASSED THIS 23rd DAY OF
SEPTEMBER,-2004.
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Village Clerk
VILLAGE OF NORTH PALM BEACH
SUMMARY OF GENERAL FUND REVENUES & EXPENDITURES
BUDGET YEAR 2004-2005
EXHIBIT "A"
2004 2005
2001 2002 2003 2004 REVISED 2004 2005 VM 2005
ACTUAL ACTUAL ACTUAL BUDGETED BUDGET ANTIC. REQUEST REVIEW FINAL % INCREASE
REVENUES:
Taxes 7,655 403 8.073,777 9,226,677 11,228,808 11.228.808 11,124.000 11,199.808 12,125,714 12.767,797 13 71%
Licenses & Permits 917,165 648,852 721,485 463,515 463,515 523,505 690.020 690,020 690,020 - 48 87%
Intergovernmental Revenue 1.403.789 1.202.934 1,176,577 1.142,400 1,211.135 1,153.500 1,191395 1,191,795 1,191,795 -I 60%
Charges For Services 511,456 546,955 631.761 674.510 669,510 686,108 675,980 675.980 675.980 0 97%
Fines & Forfeits 222,440 143.697 85,145 100,700 100,700 76,450 65,300 65,300 84,300 -16 29%
Miscellaneous Revenue 363.666 180,198 168,242 132,000 132,000 158,600 - 102,000 32,000 32,000 -75 76%
Non -Revenue 74.248 0 0 0 89,687 0 0 0 149.600 66 80%
Total: 11,148,168 10,796,415 12,009,887 13,741,933 13,895,355 13,722,163 13,924,903 14,780,809 15,591,492 12.21 %
EXPENDITURES:
General.Govemment
Public Safety
Public Services
Leisure Services
Debt Retirement
Reserves
1,340.280 1,435,600 1.445,298 1,619,799 1,781 464 1.784,174 1.971,789 1,858,496 1,790,831
3.843.450 4,478,008 4,839,942 4,902,265 5.434,549 5,366,565 6,126.789 5,445,407 5,809,667
2.920,452 3,303.147 3,346.484 3,196.017 3,509.814 3.450.007 4.498.756 4.113,344 5.099,034
1,145,378 1,207,144 1,222 ,498 1,207,515 1.389,1 1 1 1,345.139 1,504,944 1,496,160 1.462,279
643,918 911,299 1.019,840 1,131,500 1,131,500 1,043,000 1,235,000 1,235,000 1,019,200
303,177 434,199 1.459,282 1.684,837 ba8,917 1,777,500 1,425,000 1,381,350 1,410,481
0 53%
6.90%
16 79%
5 27%
-9 92%
117.36%
Total: 10,196,654 1 1 ,'/69,391 13,353,345 13,741,933 13,895,355 14,766,385 16,762,278 15,529,757 15,591,492 12.21 %
Revenues less Expenditures: 951,513 (9172,982) (1,323,458, 0 0 (1,044,222) (2,837,375) (748,9481 0 0.00
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EXHIBIT "B"
NORTH PALM BEACH COUNTRY CLUB
SUMMARY OF REVENUE AND EXPENSES
BUDGET YEAR 2004 - 2005
2004 2005 2005 2005
2001 2002 2003 BUDGET 2004 REQUEST VM CCAB 2005
ACTUAL ACTUAL ACTUAL REVISED ANTICIPATED (DEPT.) REVIEW REVIEW FINAL INCREASE
Revenues:
Golf Course 1,130,393 1,255,947 1,316,119 1,428,600 1,369,000 1,430,350 1,427,650 1,427,650 1,462,650 2 38%
Memberships 712,888 701,152 653,392 719,300 641,800 717,624 679,356 679,356 666,956-I00.00%
Dnving Range 156,206 I73,633 207,119 260,000 245,000 260,000 245,000 245,000 245,000 -5 77%
Golf Shop .Merch. & Etc. 110,932 104,363 105,139 110,900 109.600 114,100 116,400 116,400 120.400 8 57%
Tennis 108,233 85,652 93,687 112,300 95,000 108,500 108,500 108,500 108,500 -3 38%
Pool 129.083 1 18,592 125,557 lag 400 145,450 145,400 145,400 145,400 146,800 3.09%
Food & Beverage 70,959 77,698 70,463 75,000 75,000 75,000 75,000 75,000 75,000 0.00%
Misc. Revenues 106,341 42,271 55,374 44,196 40,026 20,200 1,520,200 1,520,476 119,976 171.46%
Total:
2,525,034 2,559,309 2,626,850 2,892,696 2,720,876 2,871,174 4,3>17,506 4,317,782 2,945,282 1.82%
Expenses:
Golf Course.Maint. 831,587 909,580 867,912 1,041,632 1,027,978 1,059,643 2,472,017 2,472,017 986,617 -5.28%
Golf Shop/Carts/D.Range 546,222 514,917 524,748 554,627 579,643 597,600 561,017 559,287 563,128 1.53%
Tennis 108,236 119,450 109,060 122,327 124,565 158,139 162,952 123,252 121,556 -06.3%
Pool 221,311 188,216 237,403 200,709 204,643 243,790 221,540 221,580 221,580 10.40%
Food & Beverage 39,991 38,299 44,248 42,177 41,050 26,700 26,700 30,700 26,700-36.70%
Administration 244,913 267,440 274,431 314,542 308,493 298,990 195,232 197,898 216,898-31.04%
Clubhouse/Grounds 175,302 175,940 177,737 175,782 171,108 176,045 146,907 167,295 169,245 -3 72%
Insurance 35,721 35,087 35,389 50,000 50,000 57,500 57,500 57,500 57,500 15.00%
Debt Service 229,587 161,548 160,815 165,000 160,000 80,000 164,000 164,000 104,000 -36 97%
Reserves 101,405 135,257 220,749 225,900 356,475 365,000 • 315,853 324,253 478,058 . 1 1 1.62%
Total: 2,534,275 2,545,734 2,652.492 2,892,696 3,023.955 3,063,407 4,323,718 4,317,782 2,945,282 1.82%
Rev. over (under) Exps:
(9,241) 13,575 (25,642) 0 (303,079) (192,233) (6,212) 0 0
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