09-01-2010 FY 2011 General Fund Budget - Recapr
�f � frl f-l�
r
- V � k'
�-_
Cl Dyn'.
n.
m Y Knight, ht, Village Manager
Fiance Director,
W-mla2;:b:i�ti
and D u
�� i 010
Village Clerk
Village Council
Village of North Palm Beach
Residents
William L. Manuel
Darryl C. Aubrey
David B. Norris
Thomas R. Hernacki
Robert Gebbia
Mayor
Vice Mayor
President Pro Tern
Councilman
Councilman
Village Manager
Operating Departments
Village Attorney
North Palm Beach Village Council
FY2011 Budget Workshop
Proposed Schedule
Day: Date:
Time:
Subiect:
N
Wednesday
April 10
7: pm —
10: pm
Council Goal Setting
[A
Wednesday
May 5th
11: am --
4: pm
Staff [budget] Retreat
Of
Wednesday
July 7th
7: pm —
10: pm
Country Club Budget (overview)
I�
Wednesday
July 14th
7: pm —
10: pm
General Fund Budget (overview)
Thursday
July 2Td
Council
Meeting
Manager's Proposed Budget Presentation
w-sA4a7
3irly 2s-:"4
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r 0�
rv,.,,r, ff ri„ b PlldgOt (if.,o„OnSaf -')
p
Prtt
X
Wednesday
August 4th
7: pm —
10: pm
General Fund Budget (Public Safety & Public Works Departments)
Wednesday
August l ith
7: pm —
10: pm
General Fund Budget (Parks & Recreation, Library, Council, Clerk,
Attorney and Manager Departments)
Wednesday
August 25th
7: pm —
10: pm
General Fund Budget (Human Resources, Finance, I.T., Community
Development, Debt and Other Departments)
❑
Wednesday
September 1"
7: pin —
10: pm
Budget Recap and Millage discussions.
* The FY2011 Budget VYop schedule has been developed to serve as a tg ►ide only, dates and times are subject to change in
accordance with the g. meeting" provisions of FSS.
OI�
mac,
ki
r . W
The Villages budget hasaeen reduced by $1;381,695.00 or over the
p
past 4 years t, F" 0,6 =0p7 009 -10) � z ,�
Ad- Valorem taxes have a1 ,o been reduced by $997,873.00 for that same [4
year] period.
3: The Administration has brought Irmo the Vir�age a dotal of . ,3 3 r»i�l on do,�_ars, M:
in Local, State. and Federal Gets nver� the past 4 years
x , _
e Village, over the same period, has successfully paid off ' LL x
d debt service instruments. (5 loans in totan
Y
..- FY20'1`1 ad- valorem revenues (as proposed) would again be decrease
{- ..•,$°1,082.00 or 0.009% from that of this current year r
i maintains a very healthy undesignated fund balance of
hick equates to 47% of the FY2011 Proposed budget.
' � r
..:dS.... t`' .x ! -,r b•.ayyirJM°'• t`
w � 2
S i _
Y _
�. � • � i .7� ..' :.: .. .. �."'- 4-~ � ;T.' ".,. i: :., _ JC.-.6,. fit '�f $
r
- �
at we hope to accom lish this evenin g :
� t AL
,
(
1i t •�
.. Q tem: ! Amendment t :F` di C '
2 ou,ntry. ,Club Bud
.3. D al cu
tA�! Z,.c �'...f'... e� �,1. �r �vl. ,,:... ].,,. ,�. ,. _ v. X .'-r..•♦"hi.,tra�serb: +'l.rf+�r: �..t�t2w:::e..w.. .... .wc... -1r
Housekeeping Item:
Beginning Contingency
Consensus Change:
Revenues:
Expenses:
Update Salary & Benefits ut Food & Beverage
Proposed Property Taxes for Restaurant
Net Budgetary Impact:
Ending Contingency
COUNTRY CLUB CHANGES
Budget FY 2010 -2011
Discussion and BudgetarA
S 198,622
(D
S 1811.699
Section 196.199(4), Florida Statutes, provides that property owned by a municipality which becomes subject to a
leasehold interest or other possessory interest of a nongovernmental lessee shall be subject to ad valorem taxes
unless the lessee is an organization which uses the property exclusively for literary, scientific, religious or
charitable purposes. In accordance with Section 192.042(1), Florida Statutes, real property is assessed according
to its just value on January 1 st of each year. Therefore, the assessment is for the 2010 tax year is based on the
use of the property on January 1, 2010.
" E
...:. Tv:.. i
THISYSA
M111 lqtv�
➢General Fund Revenues was once Again
adversely impacted as a result of the
unprecedented "devaluation" of real property
here, in the Village, causing the re- evaluation of
the Villagg's organizational: structure and the:
manner in which; we provide both essential and:!',
t
ure servi es o µ his community. G �z
❖ The Devaluation of Property Values:
The e n Village in FY 2010 had a total gross
Taxable .value of $1,673,245,674. For the third
year in a row, that value has again decreased
to $1,528,438,704. a reduction of
44
$1,
,,806,970. or 8. OX "taxable" value.
UNION.-
7!*e Village's
kadversely impa
U M
I Sh A
M�
vaiorem, revenue was
y roughly $ 851,73. w'
Property Assessed Valuations
Fiscal
Assessed
Fiscal
Assessed
Fiscal
Assessed
Year
Valuation
Year
Valuation
Year
Valuation
1998
760,999,508
2003
1,137,570,526
2008
2,028,911,987
1999
763,517,430
2004
1,297,803,114
2009
1,847,845,205
2000
803,891,323
2005
1,438,036,209
2010
1,673,245,674
2001
901,813,310
2006
1,667,949,738
2011
1,543,308,420
2002
992,018,426
2007
1,999,331,298
0
o m b i n"e�� l
other avenue sources
MOM
�s ima es for all
other than ad-
rents e - MT.,`- ectb-d o be $7 255,504.
which accounts for 39.8 %0 ..of this years
[hp t
441-
VILLAGE OF NORTH PALM BEACH
General Fund Revenues - Fiscal Year 2010 - 2011
Fines & Forfeitures.
$133,300
0.7M,
Charges for Services I
$1,840,341
10.10% II
I
I
I
I
I
Intergovernmental
I _
$1.228,726 -- I
6.74 ?0
Licenses & Permits
$660,186
3.62%
Sales & Use Taxes
$277,307
1.52%
Franchise Fees
$934,747
5.13%
Utility Service Taxes
$2,083,474
11.43%
Investment Income
$84,1.23
0.46%
Miscellaneous
$13,300
0.07:•6
Ad- valorem Taxes
$10,967,043
60.18%
Total $18,222,547
■Taxes - Ad- 'valorem Taxes
E Utility Service Taxes
n Franchise Fees
Li Sales & Use Taxes
■ Licenses & Permits
® Intergovernmental
■Charges for Services
€:;! Fifties & Forfei?ures
■ Investmen? Income
■ Miscellaneous
Where does all the money go...
This question comes up every budget year as residents
consider their tax bills. It's a fair question. Residents Special
District
are very aware that most of the valued services (fire and 9%
police services, parks and recreation, and streets and
sanitation) come from their local governments. However, Palm Beach
County
the majority of the property (ad valorem) tax dollar goes 21%
to jurisdictions other than North Palm Beach.
So, the answer to question can be answered simply... -4990 P
Only 310 of your tax dollar goes to the
Village of North Palm Beach!
Public
Safety
...and this is where the 310 goes....
f
Public Leisure
Works Services
it
South FL Water Mgmt.
3%
Village of
North Palm Beach
31%
Im Beach County
Public Schools
36%
Fr-
ry2ola
(11DI
Debt and
Community
Other
Development
In addition; the Village maintains its services to residents at one of the lowest millage rates in the area _including
municipalities with both significantly larger and smaller populations.
'12
�;
N 8.0000
CL cc
b.
m 6.0000
CL 0
ca
V- ;-- 4.0000
N
2.0000
0.0000
Riviera Beach Lake Park Lake Worth Beach Beach West Palm North Palm Tequesta Palm Beach
Gardens
ISeriest 9.4260 10.2163 6.6367 9.1465 7.4802 5.7671 1 6.0154
Alternate Revenue Sources
r its
crease revenue
., without
i1jage, ra ugh the
other service ees at a fla
exam
increasing--,
introductial",
N
• Fire-rescue service fee, 74.
• Garbage collection fee,
• Storm -water fee and,. ._.v y - o.em� ' �
• Sidewalk and street repair/ma-inte-nance
fees.
. 1 • '0 '
NO
11 7
dh
Au
A
x.: • • • '• • • • • • • •
the Pal
• • • • '`'
° °
1
'�aEV' — .� � . , 1i� • ... '� �`� _ d � ` 'z'�s . � Vii`
Budget:
Personnel
Operating
Capital
Total
Non_Advalor m nt Fees:
Property Appraiser
Tax Collector
Total with Fees
Insert Percentage increase
Enter Fiscal Year to use
Solid Waste Non Ad- Valorem Assessment
Y 2012 FY 2013 FY 2014 FY 2015 FY 2016
$ 1.382,111 S
1,437,395 S
1,494,891 $
1,554,687 5
1,616,874
185,010
192.410
200,107
208,111
216,436
159.445
105,823
172,456
179,354
186.528
1,7 26,586
1,795.628
1,857,453
1,942,152
2.019,835
5,850
150
150
150
150
13,766
14,456
15,175
15,922
16,698
S 1,7461B1 S
1,810,235 S
1,882,778 $
1,958,223 $
2,036,686
Based on Fiscal Year entered above, total Budget is:
Single Family 2,507
Total units 7,600
Singte Family
Combined Multi - Family
Total Budget
Commercial assessment
Annual Cost
1-0, ;,dcd:;y 5..1A
r-A
%I
4%
FY 2012
Percentage of
disposal costs
32.99%
6.01%
61.00 %_
100.00%
2507
5093
Total 7600
32.99%
67.01%
Percentage of
garbage
generated
56.68%
3.55%
39.77%
100.00%
Total
$1,746,181.32
- $350,000.00
$1,396,181.32
Annual
collection
service cost
$791,311.53
S49,562.08
$555.307.70
$791,311.53
$604.869.79
$1,396,181.32
Annual
collection
service
cost per
unit
5315.77
$108.45
$119.78
$315.77
$118.76
I Init Tun°
GarbaaelTrash
Veaetation
Total
Tntal
Tons per Year
Tons per Year
Tons per Year
ak of units x tons per year
Single Family
1.10
0.85
1.95
4,88865
Multi - Family
(Less than 5 units)
0.67
0
0.67
306.19
Multi - Family
(More than 4 units)
0.741
01
0.741
3,430.64
Total 3.36
8,625.48
Monthly
collection
service
costs per
unit
$26.31
$904
$9.98
$26.31
MUNICIPALITIES SERVICE FEE (Single Family Home) SERVICE PROVIDED BY INVOICING
City of Riviera $15.53 per month single family Waste Management Billed with utility bill
2 times garbage, 2 times trash
Multi- family - condo's - $15.53 per unit on property
City of Lake Worth $20.45 per month single family Lake Worth Tax bill
2 times trash, 2 times garbage, 1 recycling a week
1 bulk pick up per month. Fees are built in into
the ad- valorem taxes which is sent out yearly.
City of Palm Beach Gardens $156.00 per year single family Waste Management Tax Bill
City of West Palm Beach $16.00 per month single family
$16.00 per month multi - family per unit on property
Town of Lake Park $167.49 single family
$167.49 mobile homes
$167.49 multi - family <5 /bldg
$97.93 multi - family >4 /bldg
City of Boynton Beach $13.25 per month for single family unit
$9.50 per unit for multi - family
City of Belle Glade $19.11 per month for single family unit
Multi- family- dumpster rate (Commercial)
City of Delray Beach $22.87 per month for single family unit
West Palm Beach Billed monthly with
utility bill.
Town of Lake Park Annual Fee
City of Boynton Beach Utillity bill monthly
City of Belle Glade
Waste Management
Utility bill monthly
Utility bill monthly
* Town of Lantana $20.00 per month for single family unit Town of Lantana Utility bill monthly
Tax Roll Preparation for Non Ad Valorem Assessment (Solid Waste)
Deadline
Action
Advertise intention to use uniform method of collection for garbage collection
services as a non ad- valorem special assessment in newspaper for 4
November 14th
consecutive weeks
Advertise intention to use uniform method of collection for garbage collection
services as a non ad- valorem special assessment in newspaper for 4
November 21st
consecutive weeks
Advertise intention to use uniform method of collection for garbage collection
services as a non ad- valorem special assessment in newspaper for 4
November 28th
consecutive weeks
Advertise intention to use uniform method of collection for garbage collection
services as a non ad- valorem special assessment in newspaper for 4
December 5th
consecutive weeks
• Adopt resolution establishing & authorizing non ad- valorem special
December 9th
assessment prior to January 1 st
• Clerk's Office mails copy of resolution to Property Appraiser, PBC
Tax Collector and the Florida Department of Revenue prior to
Execute contracts with Tax Collector, Property Appraiser & Solid Waste
February 10th
Authority by March 1s':
Fee for Property Appraiser: $0.75 per parcel (1st year only)
$150.00 each year
Fee for PBC Tax Collector: 1% of total Collection
Fee for Solid Waste: Costs incurred by Solid Waste to provide service plus a
processing charge of 10% of the Authority' s costs,
Excluding outside vendor expenses.
Note: SWA hasn't collected a fee from any municipality in the fast
Provide Property Appraiser & PB County ISS department with aut orization
May 26th
to release Village's NAL file to Solid Waste Authority before June 1st
Adopt at a public hearing a proposed rate resolution with schedule of fees
and provide proposed rates to Solid Waste Authority before July 15th to be
July 14th
delivered to the Property Appraiser before August 1 st
Prepare and mail a first class notice to each property owner within the
July 15th-August 4th
assessment boundary as required by Florida Statute 197.363
Advertise at least 20 days prior to the public hearing in a newspaper about
August 4th
the assessment
• Adopt at a public hearing the final rate resolution with a schedule of
August 25th
fees before August 31st.
• Provide "Certificate to Non Ad- Valorem Assessment Roll" signed by
authorized agent of the Village to the Solid Waste Authority by
August 31st to be delivered to Tax Collector before September 15th
each year
1.
Personnel (Wa"'"g'es 8 ebefits
vim*
°Personnel (Wages &Benefits)
Personnq[ will naturally incre;j each year and
alt. "ugK'they are anticipated, they are lonificant given that
nel,,,. rel d costs account for roughly,. of the
13' s budget:!
ML
........................
is (anticipated to see 40/6 increase in
m v PUBUC WURL ina vear. (New-Pto
i.
m --- ww''
A. IL- 7. . 7 A. A. 1,
will not' bu
\✓ �' e.�.�1 ri i 11 J ail r_ri r r I r rl 1 J ill �' `d e.�l r ! Jl1
11
A r A J r �, d l I r f J v ` r
0
Actively reexamine and restructure the organization,
streamlining processes and procedures through retrairil, W.
cross- trainin and re-deployment of ersonnel.
g� p ,.
r r..
e cus oFrkille �abor positions essential to rntainin the
x■ wstC° Y ■ - 4i,:,.. ,r
. , . . n nc of ..remainin
-. fde.:nt��. incre� efficiency
S ec�a Tied personnel" prove, _':.more Value f personnel
:- costs spent.
ilia..
• Continue to outsource
workforce costs while
lower- skilled labor positions to reduce
increasing service levels.
• Pursue positive modifications to the Collective
Bargaining
_
Agreements that su pp orts administrative management ovr
employee w ages and
benefits.
Personnel Summary
GENERAL FUND
F/T P/T
LY= 140 68
TY= 139 69
6"
Compensation Overview
GE & FPE Employees
• Anticipates 0% Market or COLA
Adjustment
• Merit increase ,(0 -5 %) * Per ollective
Bar ' A r�lr$4 cut
20% Village (Defined Be on
V
ontribution (15.78 re : .22
atch -up provision ), down
.72% from L employee
cont6bution frQ =` _
inn__- Pension
is mandatory for
o iii b 1 e
P & F Employees
• Anticipates 0% Market or COLA
Adj ustment
• Step increase as required in the
Collective Bargaining Agreement(s)
• 18.5% Village pension contribution
( +2.24% from LY) & 2% employee
contribution from date of hire.
24-1 �..
• 15% ,De Y ed Contribution PC 7I
P
010
lan offering, which is mandatory'
Tor all-'newly hired, "non - certified"
PBA -- � .
uW . x�.. able :employees
_ �.. _.
i
. • - ^ fir:
ti
4 -&- benefits) accounfs for
iitwh"-- increases aco-
o - overall
e
4�`+
Operating Costs are continually tracked and
monitored to ensure appropriateness of
expenditures.
All Operating lines have been closely
scrutinized to rovide for essential costs taking p
int :nsideration the rren.1,0111- economic
CO-11
r a+ r I nl ul r kf ; wit .! � 1IN
A �� ^l I it d fu�j
Rlll��ll�ul�� �1 ��,.'0 11 IIIIIIII IIItI Illlillu 111 a u�.� 1'e
ry�p � 5
II If plfl..i^" •.(.,; '�r,�� r ^�. � i
.,.. '.. oN: fi �•I�° 1. Lei. +Idlii�i� Il��i����ll�itf��l�ll :lowi _�������� I���I��Imtl +1lRt.� .`.,....�..,j..:lt ?.4._� �. �:::�.. _ 'If;�...G; .��,, ...
The Village of North. Palen Beach
Fiscal Year 2010 -2011 Budget
General Fund Operating Highlights
Description
Amottut
Contractual Services
S 5413 -51
• Street 1`•Taintenanee Contract ($145;000)
• Park Maintenance Contract (5298,000)
• Pool - Independent Contractor (549,100)
*Custodial Services ($115;724)
* Faciliq, Services - Outside Repairs
* Various soft-ware support agreements_ etc_
Utilities
609,031
* Electricity ($360,681)
* Gas ($29,436)
* Telephone & Data (S122 :632)
* Water & Sewer ($96,282)
h•laterials & Supplies
503,038
* Materials & Supplies (5275.838)
* Office Supplies ($39,600)
* Computer Supplies (S-14,5)50)
* Auto Parts Supplies ($81,000)
* Library Matexials ($80.650)
Recreation Program Expenses (offser with Recreation Program. Revenues)
446,7_0
Property General Liability
392,538
Gas, Oil & Lubricants
245,101
Repairs & NTitntenance
2287165
* R & h1 Automotive (S67,840)
* R & Rd Building & Grounds (S70,500)
* R & M N- fachinery & Equipment ($32,800)
* R & M P.A_ & Commuracation Systems ($25,285)
* Tree Trimming (510:000)
Legal Fees 170,000
Solid Waste Disposal 103,000
Uniforms 40.730
Travel, Training & Conferences 46,905
Special Events 90.000
Professional Services 89,650
Total Fiscal Year 2010 -2411 Operating Costs I S 4,092,31
4e
,** I
Y1,
api�- a�llExpenditures
_Waft$
apital expenditure continues to beI
ade with special attention towards
`astructure maintenance and repairs :�
r
.4R.
N�v
-levels 0
OA
The Village of North Palin Beach
Fiscal Year 2010 -2011 Budget
General Fund Capital Outlay
Department
Infornnation Technolooy
Data Backup
Public Wo1•ks
Perimeter wall around Public Works
Public Safety
Vehicle Replacement (2) unmarked & (1) marked
Libravv
Refurbish downstairs bathroom
Parks S Recreation
Pool Pump Room Renovation
Water Well & Pump
Community Center Lobby Furninlre
Lightning Detection System
Vehicle Replacement (1)
Total Fiscal Year 2010 -2011 Capital Outlay
Amount
� 9.7a7
8.000
73,449
10.642
90.000
11,800
7,500
11,000
197000 139:300
318,098
Debt Services: o,�o�`°
❖ Debt Other (non-departme _..Service
related costs accounts � 6:�2% or `
$1 1 of the Fis Budget. This
inc #odes Generalt,F.,oan re a menu at an anticipaxe �'s� of $548,691. for
FY2011. (includes a .��ed loan repayment)
1,350:000
1,250,000
1,150,000
1,050,000
950,000
850,000
750.000
0
650,000
F-
550,000
450.000
350,000
250,000
150,000
50,000
VILLAGE OF NORTH PA.L-X1 BEACH
Debt Service 1998-201.1
S1,30B,415
- ----- ------
$1,073,888
51,019,200
$1,019,840 -- $1,0 KIW
$949,428
$911,299
S688,643
$668 660 S643,918
$545,000
$413,872
I I i I I I I I I I I I 1 1
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Fiscal Year
VILLAGE OF NORTH PALM BEACH
General Fund Expenditures - Fiscal Year 2010 - 2011
Leisure Services
52.585,375 -)
'14.19 °b
Community Development
$819,557
4.50%
Public W
$4,322,
23.72'%
By Department
Debt & Other
$1,169,312 General Government
6.42%
Capital:
2.57%
Operating:
54:051,676
22.23%
By Function
S2, 072, i 85
1'l .37'T'o
J
Public Safety
S6 ;961,8 58
39.81%
Non-Op Debt Service:
5548,691 Contingency:
3.01% - $227,783
1,1 YY y 1.25% Personnel Costs are
Total $18,222,547
the budget at 71%
Personnel:
512,925,197
70.93%
riving
ersonnel
!perating-,
Capital
Debt Servic
1,
x'12 876 3
1 L 430921
I
R
0.00
11
C� Establishes a "tentative" Mil lage Rate at 7.4802
Mills.
51 Provides a balanced budget for FY2010/2011.
(10(a U
L� Provides for a 4% increase in employee
healthcare cQrage.w� A-119;
r
i
RI Provide- id for';" employee merit wage increase with
N M =. �Ce Adjustment to the Pay Plan.:
wt
kA
21 No utilization of ears rior undesi nated
p y g
rese rves !
reduction of Village services
VILLAGE OF NORTH PALM BEACH
GENERAL FUND
PRELIMINARY FUND BALANCE ANALYSIS
Unreserved, Undesignated Fund Balance - September 30, 2009
Appropriated Fund Balance FY 2009 - 2010
Estimated Income FY 2009 - 2010
Estimated, Unreserved, Undesignated Fund Balance For Fiscal Year 2009 - 2010
Appropriation of Fund Balance:
General Fund Debt Payoff
$ 1,568,000
Total Appropriations $ 1,568,000
2009 -10 ESTIMATED
10,058,216
(1,568,000)
$ 8,490,216
Represents 47% of FY2011
"Proposed" Annual Budget
FY 2010 'Tillage Rate
FY 2010 Ad- Valorem Proceeds
FY 2010 GROSS Taxable Value
F1' 2011 GROSS Taxable Value
Less: FY 2011 Net New Taxable Value
FY 2011 ADJUSTED Taxable Value
FY 2011 Rolled Back Rate
Village of -North Paltn Beach
FY 2011 Millage Selection Options
S
S 1,543,308,420
(14,869,716)
_S
6.9000
10,968,125
1,6773,24-5,674
1,528,438,704
7.4802
decrease in Taxable value
(144,806,970) - S.70'a
I'Vianager's Proposed Rate 7.4802 $ 10,967,043 $ (1,082)
Increase i (Decrease)
over 2010 Ad-
Calculations for selection of rnillage rate:
Millage Rate
Ad- Valorem
Valorem
Retain FY 2010 Millage Rate
6.9000
S
10,116,357
S
(551,738)
FV 2011 Rolled Back Rate
7.4502
S
10,967,043
S
(1,082)
Millage Rate Required to retain FY 2010 Ad- Valorem
7.4809
S
10,968,069
S
(56)
FY 2011 MajoritN Vote Rate
8.0798
S
11,846,142
5
878,017
FY 2011 Two - Thirds Vote Rate
8.8878
S
13,030,786
5
2,062,661
Statutory- Maximum
10.0000
S
14,661,430
S
3,693,305
I'Vianager's Proposed Rate 7.4802 $ 10,967,043 $ (1,082)
VILLAGE OF NORTH PALM BEACH
Taxable Value Ad Valorem Tax Revenue
Fiscal Year 2010 -2011
4t Incraaso 1 +;
Amount Increase 1 +1 Decrease 1-f
2009 -2010 2009 -2610 FINAL 2010 -2011 Decrease (.) over Prior Year
ADOPTED VALUATION I PROPOSED over Prior Year Final Final
GROSS ASSESSED VALUE:
5 1,673,245,674
S 1,656,950,264
$ 1,543,308,420
$
('13,641,2.44
-6.86%
BUDGETARY TAXABLE VALUE (95 °:}:
1,589,583,390
Is1.A t:Udget adopted
1,466,142,999
mils
- 123.440,3J1
-7 77%
OPERATING MILLAGE:
6.90013
6.9000
7.4802
0.5802
8.41%
= S
366,536
213 Vote: 8.8878
,10 MIL
= $
146,614
ESTIMATED AD VALOREM TAX REVENUE:
10.368,125
NIA Ludgst adopted
10,967,043
1,083
-0,01%
2009 - 201C Mlllage Rate= =
6 9000
mils
Roll Back hlitlage Rate for 2010 - 2011 =
7.4802
mils
Proposed Millage Rate for 2010 - 2011 =
7.4802
mils
Increase front' 2009 - 2010 Mitlage Rate =
0 5802
mils
% Increase /decrease over Roll Back Rate
0.00%
Majority Vote: 8.0798
Each .10 Mil = $146,614.00
Roll Back Rate. 7.4802
1.00 MIL
= S
1.466,143
.75 MIL
= 5
1,099,607
Majority Vote: 8.0798
.50 MIL
= S
733,072
.25 MIL
= S
366,536
213 Vote: 8.8878
,10 MIL
= $
146,614
Each .10 Mil = $146,614.00
-r j
iC f 6 in
k 1166L 6111�lm 61 A V� F ( V, I
Going into this ` buldge t process ounciil
have chosen to establish a millage rate,
8.8878 with a..unanimous vote!
WIPE
coull
ibov
e's current year
77, 77
s
,1,. . � • 1 1 � ,a v U 1 � I 1 1• �
r
1 •,c i 'Ci' ! '�'�y1t,, v
l
lab
It
�� � ,�.-"� R a -�1 �w N �` � ..., ,. = �+ i iii :'• ..... 1. i ., ��
uT _
v:
FY 2010 -2011
General Fund
Millage Options
Millage Rate
Current
Alternate #1
Alternate #2
Alternate #3
$ 6.9000
Lowest ($6.9723)
vs. current
$7.0000 mils
vs. current
$7.1000 mils
vs. current
$ 6.9723
$ 0.0723
$ 7.0000
$ 0.1000
$ 7.1000
$ 0.2000
Total Budget
18,056,938
17,506,072
$ (550,866)
17,546,684
$ (51Q.254)
17,693,298
$ (363,640)
Total Ad- Valorem Proceeds
10.968,125
10,222,389
$ (745,736)
10,263,001
$ (705,124)
10,409,615
$ (558,510)
Contingency (1.25 %)
225,713
218,827
219,334
221,167
Discretionary Funds
-
-
40,105
184,886
Unreserved, Undesignated Fund Balance
As a percent of budget
$ 8,490,216
47%
$ 8,490,216
48%
$ 8,490,216
48%
$ 8,490,216
48%
8/31/2010
INTERACTIVE REPORT
Consensus Change:
Revenues:
Change in revenue estimates
Millage Rate (Village's Roll -Back Rate is 7.4802 mile)
Expenses:
Police & Fire Pension Contribution Changed from 18.500% to 17.86%
Public Works Streets Maintenance capital reclassed to "K" account
Library Part-Time pay correction
Debt Payoffwith General Fund Reserves
Contingency (based on 1.25% of budget)
Net Budgetary impact (Discretionary Funds):
Millage Rate
Total Budget
Total Ad- Valorem Proceeds
Contingency (1.25 %)
Unreserved, Undesignated Fund Balance
Unreserved, Undesignated Fund Balance as a % of total budget
Discretionary Funds
General Fund Changes
FY 2010 -2011
707,167
Current (FY 2010)
Discussion and
Budgetary
Millage Rate As Proposed
Consensus
As Revised 1111p act
vs. FY 2010
0.5802
$ 6.9000
898,275
28,179
926,454
18,222,547
® 10,967,043
-
10,967,043
18,250,726 $
193,788
$ 10,968,125
$
28,179
$ 10,222,389
702,606
(24,307)
678,299
(1,082)
110,464
(110,464)
227,783
$ 218,826
747,288
(24,057)
723,231
548,691
(548,691)
-
$ 8,490,216
227,783
352
228,135
707,167
Current (FY 2010)
Manager's Proposed
Lowest Millage Rate
$ 6.9723
vs. FY 2010
$ 0.0723
Alternate
7.4802 $
vs. FY 2010
0.5802
$ 6.9000
$ 7.4802
$ 18,056,938
$
18,222,547
$ 17,506,072
$ (550,866)
$
18,250,726 $
193,788
$ 10,968,125
$
10,967,043
$ 10,222,389
$ (745,736)
10,967,043
(1,082)
$ 225,713
$
227,783
$ 218,826
228,135
$ 8,490,216
$
8,490,216
$ 8,490,216
$
-
47%
47%
48%
0%
$ -
$
-
$ -
735 346
Questions &Answers ?
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