GF Year End Financials Village of North Palm Beach Unaudited
Balance Sheet
General Fund
September 30,2013
General
Assets
Cash&Cash Equivalents $ 3,938,535
Investments 8,960,385
Accounts Receivable 531,981
Developer Fee Receivable -
Inventories 32,968
Prepaids 260,706
Due from other funds -
Restricted cash&cash equivalents 166,191
Total Assets $ 13,890,766
Liabilities&Fund Balances
Liabilities
Accounts Payable $ 218,810
Accrued Liabilities 633,043
Deferred Revenue 241,705
Total Liabilities 1,093,558
Fund balances
Nonspendable:
Inventories&Prepaids 293,674
Restricted for:
Library 45,883
Recreation 96,543
Streets&Roads 10,368
Public Safety 21,053
Future Tax Relief 442,833
Other purposes 2,713
Assigned for:
Small Business Grant 73,935
Subsequent year's expenditures 350,075
Unassigned 11,460,131
Total fund balances 12,797,208
Total liabilities&fund balances $ 13,890,766
Village of North Palm Beach Unaudited
Statement of Revenues,Expenditures,and Changes in Fund Balances
General Fund
September 30,2013
General
Revenues
Taxes $ 13,601,784
Licenses and permits 803,337
Intergovernmental 1,276,154
Charges for services 2,136,179
Fines and forfeitures 109,233
Investment 36,228
Miscellaneous 235,425
Total revenues 18,198,341
Expenditures
General government 2,346,272
Public safety 7,615,309
Public works 3,733,980
Community development&planning 934,615
Leisure services 2,703,541
Debt service -
Total expenditures 17,333,717
Excess(deficiency)of revenues over expenditures 864,624
Other financing sources(uses)
Transfers in/out (265,000)
Total other financing sources(uses) (265,000)
Net change in fund balances 599,624
Fund balances
Beginning of year 12,197,584
End of year $ 12,797,208
The Village of North Palm Beach
General Fund Budget Summary
Fiscal Year Ending September 30,2013
UNAUDITED
Unaudited
%of FY 2013
Fiscal Year 2013 Budget
September 30,2013 Budget (Target 100%)
Revenues
Taxes:
Ad-Valorem Taxes 9,981,391 $ 9,844,754 101.39%
Utility Service Taxes 2,197,761 2,119,414 103.70%
Franchise Fees 1,160,780 1,085,589 106.93%
Sales&Use Taxes 261,852 $ 13,601,784 266,006 98.44%
Licenses&Permits 803,337 684,212 117.41%
Intergovernmental 1,276,154 1,224,939 104.18%
Charges for Services 2,136,179 2,023,697 105.56%
Fines&Forfeitures 109,233 81,115 134.66%
Interest 36,228 61,758 58.66%
Appropriated Fund Balance - 682,220 0.00%
Miscellaneous 235,425 13,240 1778.14%
Total Revenues: 18,198,341 18,086,944 100.62%
Expenditures
General Government:
Village Council 124,269 156,206 79.55%
Village Manager 266,456 270,547 98.49%
Human Resources 268,543 278,789 96.32%
Finance 545,919 548,589 99.51%
Information Technology 338,819 335,013 101.14%
Village Attorney 128,381 164,437 78.07%
Village Clerk 285,249 281,077 101.48%
General Services-Village Hall 89,765 2,047,402 111,209 80.72%
Public Safety:
Law Enforcement 4,716,137 4,591,169 102.72%
Fire Rescue 2,799,313 2,764,051 101.28%
General Services-Public Safety 99,860 7,615,309 102,399 97.52%
Public Works:
Public Works Admin 337,600 341,589 98.83%
Sanitation 1,407,885 1,440,061 97.77%
Facility Services 476,121 518,085 91.90%
Streets&Grounds 1,134,023 1,246,336 90.99%
Vehicle Maintenance 378,352 3,733,980 386,384 97.92%
Community Development&Planning:
Community Planning 280,514 337,983 83.00%
Building 519,105 503,348 103.13%
Code Enforcement 134,995 934,615 131,617 102.57%
Leisure Services:
Library 662,785 674,994 98.19%
Recreation 1,167,475 1,373,011 85.03%
Park Maintenance - - 0.00%
Pool 327,759 363,414 90.19%
Special Events 83,319 88,000 94.68%
Tennis 462,204 2,703,541 475,136 97.28%
Reserves&Other:
Debt service - - 0.00%
Contingency 10,857 23,500 46.20%
Transfer In/Out 265,000 265,000 100.00%
Non-Departmental 288,013 563,870 315,000 91.43%
Total Expenditures 17,598,717 18,086,944 97.30%
Net Revenue Over Expense $ 599,624 $ -