HomeMy WebLinkAboutDocumentation_Oversight Committee_Tab 01_1/16/2020 a �
infrastructure Surtax Oversight Committee
STAFF MEMO
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Meeting: Infrastructure Surtax Oversight Committee - Jan 16 2020
Staff Contact: Nilsa Zacarias, Director of Department: Community Development
Community Development
TITLE
Discussion of the 2019 Village Surtax Expenditure Report
SUMMARY:
Discussion of the 2019 Village Surtax Expenditure Report
ATTACHMENTS:
2020 Oversight Committee Memo - Nilsa
cover memo infrastructure 2019 v2
Village of T'equesta
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345 Tequesta Drive .. °6•� 561-768-0700
Tequesta,FL 33469I I- www.tequesta.org
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Memorandum
To: Members of the Planning and Zoning Board sitting as the Village Infrastructure Surtax Citizen
Oversight Committee
From: Community Development Director Zacarias
Date: January 3, 2020
Re: Discussion of the 2019 Village Surtax Expenditure Report
Per Resolution No. 11-17, the Village Council designated the Planning and Zoning Board as the
Village Infrastructure Surtax Citizen Oversight Committee.
The subject Resolution includes responsibilities and duties of the Oversight Committee. Section 4
(D) indicates:
"The Committee shall compile information received from the Village on Surtax expenditures so that
it is able to provide an annual report to the Village Council by December 31st of each year, or by
some other date as determined by the Committee. The Committee also shall provide a final report
to the Village Council prior to sunsetting and competing its operations. Village Staff shall provide
support services to the Committee, as needed, in order for the Committee to carry out its duties
and responsibilities."
Please see attached the following document that were prepared to your attention:
1. Memorandum from Mr. Hugh Dunkley, CPA, CGFO, Finance Director of the Village of Tequesta
Please feel free to contact us should you need further information. Thank you.
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Memorandum
TO: Village Infrastructure Surtax Citizen Oversight Committee
FROM: Hugh B. Dunkley, Finance Director
DATE: December 26,2019
SUBJECT: Infrastructure Surtax
Please find below a summary of the revenue and expenditures to date as well as for the reporting period
ending September 30, 2019:
Fiscal Year 2017 2018 2019 To Date
Revenue Received $282,840.01 $411,020.73 $422,754.30 $1,116,615.04
Expenditures Incurred (63,275.00) (630,585.74) -0- (693,860.74)
Balance at end of Reporting Period $219,565.01 -0- $422,754.30 $422,754,.30
Please note that all of the amounts received during FY2019 has been restricted for future infrastructure
projects. The Village elected not to use any of the funds received during FY2019 for any qualified
expenditures, If you have any questions, please do not hesitate to contact me.
cc: Nilsa Zacarias, Community Development Director
Doug Chambers, Director of Public Works