HomeMy WebLinkAboutDocumentation_Workshop_Tab 01_7/20/2020Agenda Item #1.
Workshop
STAFF MEMO
Meeting: Workshop - Jul 20 2020
Staff Contact: Jeremy Allen, Village Manager
A�
Review Proposed FY 2020/2021 Budget
General Fund Budgetary Highlights FY 2021
■Major Revenue Sources ($898,020 Net Increase):
■No planned increase in millage rate
■Property tax revenue up by 2.8% - $207,500
■Increase in insurance premium tax funds - $89,800
■Public Service Tax (Water) - $2257000
■Increase in administrative fees - $3077850
■Increase in state grants - $1007000
■Decrease in state -shared revenue - $1115400
■Increase in capital lease proceeds - $319,295
■Decrease in licenses &permits - $235,600
■Decrease in investment earnings - $537000
■Other miscellaneous changes - $48575
'Expenditures ($898,020 Net Increase):
'Increase in personal service expenditures - $190,150
Department: Manager
'Increase in landscape/irrigation maintenance - $49,000 (Tequesta Park -Dog Park and Yearly
Maintenance)
'Increase in utility services - $57,800
'Debt service for SAN project - $63,500
•Increase in Police Other Contractual Svcs (NorthComm) - $207,800
•Increase in transfers to CIP Fund - $5601950
'Decrease in allocation to Fund Balance — ($121,050)
'Misc. Other— ($110,130)
Page 3of7
Agenda Item #1.
General Fund - Estimated Revenues
Expenditure
Percentage
Description
FY2020
FY2021
Dollar Change
Change
Property taxes
71482,400
7,689,900
207,500
2.77%
Other taxes (CST,
Utility Taxes, Ins.
1,454,900
11708,550
253,650
17.43%
Prem)
Franchise fees
460,000
462,000
2,000
0.43%
Licenses & permits
830,100
594,500
(235.,600)
(28.38)%
Intergovernmental
888,300
876,900
(11,,400)
(1.28)%
revenue
Charges for svcs
1,410,950
11431,150
20,200
1.43%
Intragovernmental
revenue (Admin
725,450
1,033,300
307,850
42.44%
Fees)
Rents and
royalties
221,600
228,800
71200
3.25%
Miscellaneous
348,680
692,800
344,120
98.69%
other
Fines & forfeitures
16,000
18,500
2,500
15.63%
Total
$13,838,380
$14..736.,400
$898,020
6.49
Budget Summary - All Funds
Expenditure Description FY2020
General Fund
$13,838,380
Capital Improvement Fund
476,875
Capital Projects Fund
154,000
Water Utility Fund
7,780,657
Refuse & Recycling Fund
497,100
Stormwater Utility Fund
754,630
Special Law Enforcement
-0-
Fund
Total
$23,501,642
FY2021
Dollar
Percentage
Change
Change
$14.,736,400
$898,020
6.49%
587,100
1 10,225
23.1 1
208,050
54,050
35.10%
7,039,500
(741.,157)
-9.53%
514,750
17,650
3.55%
768,800
14,170
1.88%
-0- -0- N/A
$23,854,600 $352,958 1.507o
Page 4 of 7
Agenda Item #1.
Summary by Department
Expenditure
Percentage
Description
FY2020
FY2021
Dollar Change
Change
Council
$68,050
65,600
(2,,450)
(3.60)%
Manager
286,100
287,600
1,500
0.52%
Human
386,750
360,700
(26,r050)
(6.74)%
Resources
Village Clerk
370,150
346,150
(24,r000)
(6.48)%
Finance
425, 400
6 72, 750
24 7, 350
58.15%
Legal
180,000
180,000
-0-
0.0%
Comprehensive
163,800
164,000
200
0.12%
Planning
General
Government
306,000
262,450
(43,550)
(14.23)%
T
219, 400
704,350
484,f950
221.03%
Police
Department
3,473,424
3,465,400
(8,fO24)
(0.23)%
Building &
. 716,791
Zoning
Code
Compliance
Fire Control
Public Works
Leisure Services
Debt Service
nterfu nd
Transfers
Other
Nonoperating
Total
673,100 (43.,691) (6.10)%
93,750
91,550
(2,200)
(2.35)%
4,293,886
4,057,700
(236,186)
(5.50)%
1,405,400
1,493,050
87,650
6.24%
686,950
642,500
(44,450)
(6.47)%
475,029
542,100
67,071
14.12%
127,100
688,050
560,950
441.35%
160,400
39,350
(121,050)
(75.47)%
$13,838,380
$14.136,400
$898,020
6.49%
Page 5of7
Agenda Item #1.
Water Utility Fund - 401
Beginning Unrestricted Net Position, 10/01 20 $ 5,344,091
fstim are d Cash fnflo ws:
Budgeted Revenues
Less: Appropriated Fund Balance
Estimated Net Inflaws
Estimated Cash Outflows:
Budgeted Expenditures
Less: Allocate to Fund Balance
Estimated Net Outflows
Estimated Change ire Net Posrtion
7,039,500
(541,9D0)
6,497,600
(7,039,500 )
{7,039,SOOJ
(sai,eoo►
Ending Unrestricted Net Position @9/30/21 4,802,191
Refuse &Recycling - 402
Page 6 of 7
Agenda Item #1.
Beginning Unrestricted Net Position, 10/01/20 114.18321
Es tiatecl dash I nto ws:
Budgeted Revenues
Less: Appropriated fund Balance
estimated Net Inflows
Estimated Cash Outflows:
Budgeted Expenditures
Less: Allocate to Fund Balance
Estimated Net Outflows
Estimated Ch a n ge in Vet Pos itibn
514.1750
(29.1650)
485,100
(514,750)
(514.1750)
(29.1650)
Ending Unrestricted Net Position CED9/30/21 $ 85,182
Stormwater Utility Fund - 403
Beginning Unrestricted Net Position., 10/01/20 737.,071
Esimtaced dash Inflo ups.
Budgeted Revenue
Less: Appropriated Fund Balance
Estimated Net Inflows
Es tim ate d Cash Outfl ouvs:
Budgeted Expenditures
Less: Allocate to Fund Balance
Estimated Net Outflows
Es rim ate d Ch a n ge in Ne t Pos itibn
768.1800
(298.1950)
469,850
(768?800)
(768,800)
(298,950)
Ending Unrestricted Net Position 09/30/21 $ 438,121
Page 7of7