2003-24 Adopts General Fund & CClub BudgetsORDINANCE 24-2003
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ADOPTING
BUDGETS FOR THE FISCAL YEAR OCTOBER I, 2003, TO SEPTEMBER 30, 2004, BOTH
INCLt1SIVE, 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, 2004, revenues and appropriations for the
General Fund of the Village are a nticipated a s s et f orth o n E xhibit A a ttached h ereto e ntitled
"Village of North Palm Beach, Summary of General Fund Revenue and Expenditures, -Budget
Year 2004'", and by reference made a part hereof.
Section 2. That for the fiscal year ending September 30, 2004, revenues and expenses for the North
Palm Beach Country Club Revenue Fund are anticipated as set forth on Exhibit B attached hereto
entitled " North P alm B each C ountry C lub S ummary o f R evenue a nd Expenses -Budget Year
2004", 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are hereby repealed.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 Pt1BLIC HEARING THIS IOth DAY OF SEPTEMBER, 2003, AND THIS 25th
DAY OF SEPTEMBER, 2003.
PLACED ON FIRST READING THIS IOth DAY OF SEPTEMBER. 2003.
PLACED ON SECOND, FINAL READING AND PASSED THIS 25th DAY OF SEPTEMBER,
2003.
Village Clerk
EXHIBIT "A"
VILLAGE OF NORTH PALM BEACH
SUMMARY OF GENERAL FUND REVENUES & EXPENDITURES
BUDGET YEAR 2003-2004
2003 2004
2000 2001 2002 2003 REVISED 2003 2004 VM 2004
ACTUAL ACTUAL ACTUAL BUDGETED BUDGET ANTIC. REQUEST REVIEW FINAL % INCREAS
REVENUES:
Taxes 6,853,742 7,655,403 8,079,059 8,906,014 8,906,014 9,013,000 8,913,014 12,321,240 11,228,808 26.08%
Licenses & Pemuts 756,419 917,165 648,872 403,015 403,015 603,015 403,015 403,015 463,515 15.01%
Intergovernmental Revenue 1,321,667 1,403,789 1,197,653 1,308,123 1,353,312 1,249,266 1,142,400 1,142,400 1,142,400 -15.58%
Charges For Services 452,012 511,456 546,955 560,880 560,880 570,460 521,460 546,160 674,510 20.26°i°
Fines & Forfeits 129,166 222,440 143,697 186,700 186,700 93,700 90,700 90,700 100,700 -46.06%
Miscellaneous Revenue 415,947 363,666 180,198 169,950 169,950 158,690 130,000 132,000 132,000 -22.33%
Non-Revenue 5,364 74,248 0 2,031,067 2,306,067 0 0 0 0 -100.00%
Total: 9,934,317 11,148,168 10,796,435 13,565,749 13,885,938 11,688,131 11,200,589 14,635,515 13,741,933 -1.o4°i°
EXPENDITURES:
General Government 1,597,040 1,340,355 1,436,654 1,631,522 1,565,762 1,577,145 1,826,587 1,680,617 1,476,414 -5.71%
Public Safety 3,402,954 3,843,450 4,478,008 5,033,589 x,938,238 5,050,922 6,080,094 4,910,014 5,020,650 1.67%
Public Services 2,857,535 2,920,451 3,303,147 3,614,796 3,503,537 3,617,796 4,518,711 3,609,991 3,221,566 -8.05%
Leisure Services 1,104,139 1,145,378 1,207,144 1,320,842 1,249,601 1,322,197 1,563,007 1,312,514 1,207,515 -3.37%
Debt Retirement 668,666 643,918 911,299 1,270,000 1,129,000 1,090,000 1,140,000 1,279,000 1,131,500 0.22%
Reserves 359,994 303,177 434,199 695,000 1,499,800 1,053,000 1,887,000 1,843,379 1,684,288 12.30%
Total: 9,990,328 10,196,729 11,770,451 13,565,749 13,885,938 13,711,060 17,015,399 14,635,515 13,741,933 -i.o4%
Revenues less Ex enditures: 56,011 951,439 974,016 0 0 2,022,929 5,814,810 0 0 0.00%
EXHIBIT "B"
NORTH PALM BEACH COUNTRY CLUB
SUMMARY OF REVENUE AND EXPENSES
BUDGET YF~R ~nn~ _ ~nnd
2003 2004 2004 2004
2000 2001 2002 BUDGET 2003 REQUEST VM CCAB 2004 °/.
ACTUAL ACTUAL ACTUAL REVISED ANTICIPATED (DEPT.) REVIEW REVIEW FINAL INCREASE
Revenues:
Golf Course 1,044,975 1,130,393 1,255,947 1,385,230 1,368,000 1,362,600 1,452,600 1,401,600 1
428
600 3.13%
Memberships 693,892 712,888 701,152 794,500 652,900 656,200 742,300 758,300 ,
,
719
300 -9.47%
Driving Range 148,904 156,206 173,633 200,000 220,000 220,000 260,000 234,000 ,
260
000 30.00%
Golf Shop Merch. & Etc. 98,130 110,932 104,363 102,315 107,600 105,700 106,400 106,400 ,
110
900 8.39%
Tennis 104,594 108,233 85,652 94,000 97,900 97,600 103,600 112,300 ,
112
300 19.47%
Pool 133,605 129,083 ] 18,592 128,000 127,000 126,000 134,000 135,400 ,
142
400 11.25%
Food & Beverage 35,298 70,959 77,698 75,000 75,000 75,000 75,000 75,000 ,
75,000 0.00%
Misc. Revenues 81,097 106,341 42,271 35,800 50,700 37,000 39,196 39,196 44,196 23.45%
Total: 2,340,494 2,525,034 2,559,309 2,814,845 2,699,100 2,680,100 2,913,096 2,862,196 2,892,696 2.77%
Expenses:
Golf Course Maint. 906,740 831,587 909,580 914,723 900,723 1,254,591 950,236 950,911 950
236 3
88%
Golf Shop/Carts/D.Range 590,347 546,222 514,917 529,577 530,000 554,248 541,839 540,358 ,
535
358 .
1
09%
Tennis 99,972 108,236 ] 19,450 120,556 122,805 161,637 119,504 119,654 ,
120
354 .
-0.17%
Pool 167,446 221,311 188,216 278,721 273,000 234,943 194,828 194,828 ,
194
703 -30
14%
Food & Beverage 39,766 39,991 38,299 45,800 40,605 41,100 36,100 36
100 ,
41
100 .
-10
26%
Administration 226,976 244,913 267,440 293,880 288,000 314,396 309,046 ,
279,046 ,
322
641 .
9.79%
Clubhouse/Grounds 341,93 ] 175,302 175,940 176,108 176,607 188,239 ] 79,739 165,429 ,
165
329 -6
12%
Insurance 30,240 35,721 35,087 36,000 40,000 50,000 50,000 50,000 ,
50
000 .
38
89%
Debt Service 342,526 229,587 161,548 167,964 165,000 165,000 165,000 165,000 ,
165
000 .
-1
76%
Reserves 87,744 101,405 135,257 251,516 2] 1,647 357,000 365,979 360,295 ,
347,975 .
38.35%
Total: 2,833,688 2,534,275 2,545,734 2,814,845 2,748,387 3,321,154 2,912,271 2,861,621 2,892,696 2.77%
Rev. over (under) Exps: (493,194) (9,241) 13,575 0 (49,287) (641,054) 825 575 0