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HomeMy WebLinkAboutDocumentation_Regular_Tab 10_3/11/2021Agenda Item #10. Regular Council STAFF MEMO Meeting: Regular Council -Mar 11 2021 Staff Contact: Jeremy Allen, Village Manager Department: Manager Manager's Report 1. The Financial Reports presented above are unadjusted and unaudited. The Village considers revenues available if collected within 45 days of the current fiscal period. This means that there are additional revenues and expenditures that have not been recorded to date and that will be recorded once year-end adjustments are completed. Additionally, during the year, revenues and expenses are recorded on a modified accrual basis (similar to a cash basis). This will result in significant differences between our beginning balances in the enterprise funds (water, refuse and recycling and stormwater and the adjusted ending balances as these funds report on a full accrual basis. 2. Property Taxes — collected at $7 million, which represents 91 % of the budgeted amount. It is $280 thousand (4%) higher than the prior fiscal year. Historically, 91 % of ad valorem tax distribution receipted by the end of February. 3. Sales/use taxes (30%), which include local infrastructure surtax, insurance premium, utility, communication service and local business tax, fall below budget target due to the distribution to be one/two month behind the collection/reported period and Insurance premium tax ($246 thousand) to be collected at the year-end as one distribution, with the exception of the Local Business Tax collected at 84%. It is on target for four months collections. 4. Intergovernmental revenues (38%) which include municipal revenue sharing, half -cent sales tax, local gas tax, fall below budget target due to the distribution to be one month behind the collection/reported period and is on a target for four months collections. 5. Local discretionary infrastructure surtax - collected at $113 thousand, which represent 31 % of the budgeted amount due to the distribution to be two months behind the collection/reported period and it is on target for three month collection. 6. Revenues (Budgetary comparison) recorded in the General fund represents 66% of budgeted due to the distribution nature of Ad valorem taxes collected at 91 %, representing 74% of overall General fund revenues at 2/28/2021. 7. Overall Expenditures (Budgetary comparison) in the General Fund represents 38% of budgeted, which is slightly below target budgeted due to the fact that not all the expenditures recorded for the services provided up to 2/28/21 and personnel expenditures recorded as paid not when accrued. Page 69 of 184 Agenda Item #10. 8. Revenues (Prior year comparison) all funds increased significantly due to distribution nature of Ad valorem taxes ($280 thousand), Sea Glass project permit and fees ($450 thousand), Reserve project fees ($122 thousand) and receipt of the loan proceeds for the Recreation Facility project ($6,890 thousand). 9. Expenditures (Prior year comparison) all funds has decreased by $122 thousand (1.47%) due to the drainage improvements and Recreation Facility project. Copy of 20-21 Grants Master 3.1.2021 Feb 2021 reports Page 70 of 184 Agenda Item #10. O E E " "M CU c c rZ L •� a ❑ ❑ ❑ M M Co C O 2 O 2 O 2 C O 2 •— L U N E U LL LL LL 2 — Q u -0-0-0 0 a d w w _ C� cn a J Q � Q U U U CC CC GC H H J H E Y E Y E Y CL E Y O O O O O O O O O O co 00 O M N Un O O O O O O O O O Cl? 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CO 00+_ _Q 6jO ' > c > c > c E Ec _ cn cO OW c O O O ✓OO i W E_0-0� c (ll N N > n O 0c N c N c W c W c c c c U M 2 M 2 Mm 2 Q) E O-0 U c E (o E N E N O +� O +� � (u >✓ O O O c o co O Q Q E a L J L a 0 _0 O ❑ (o m Co (o Co (o (o (o _ Co s✓ 0 CO M H _N (n O E(D O O O O O O E E 2 m m m U70 c LL d m LL LL LL LL LL LL LL CL LL U U U LL CL c (o L N c z O O O � O > O > O > O > O > _0 N > � O CA O N N O O O N U U U U U cu - CD 0 ❑ ❑ ❑ ❑ +� + +� N N N N N N N -0 -0 M -0 -0 M 4-1 C L a a a a ❑ ❑ ❑ ii iL ii U- a CL a 0- 0- cn Q > rn o O M L 0 (n i Z _ Q L _ ❑ c (o C) Co (u cLa a% L c v U c MU O c LL 0� c � O C� C7OL °� o U a U❑ U O LL o (0 33 o> �J U) O E 0 0 o � � �o U Q c� 2 C� � ,/J _ o a U Co .EZ O s_ m � O� � E Q W w Lu � 4- 0 a m LLJ � (c c E c E 2 U 55 M = 2 T- a_ o o❑❑❑ m� a 0- o z o LL m of o U o U w LL a U M 0- cn a> 0- o� w Lu H T N L Pge 71 of 184 cn ksQ ��� O�BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 1/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 001 GENERAL FUND GL Number Description Balance *** Assets *** Cash and Cash Equivalents 7,128,556.84 Investments 24,573.73 Accounts Receivable 294,875.88 Due from Other Funds 0.00 Inventories 69,087.14 Prepaids 40F074.00 Other Assets - Current 0.00 Other Fixed Assets 0.00 Total Assets 7,557,167.59 *** Liabilities *** Accounts Payable 13,076.66 Accrued liabilities 9,603.77 Retainage Payable 0.00 Due to Other Funds 0.00 Due to Other Governments 1,176.79 Deferred Revenue 0.00 Other Current Liabilities 0.00 Customer Deposits 0.00 Noncurrent liabilities 0.00 Def Inflows of Resources 110,878.05 Total Liabilities 134,735.27 *** Fund Balance *** F/B - Reserved for Inventories 0.00 F/B - Res for Encumbrance 0.00 F/B - All Other Reserves 0.00 F/B - Unreserved - Designated 0.00 F/B - Unreserved/Undesignated 0.00 Fund Balance - Nonspendable 290F921.10 Fund Balance - Restricted 420r582.76 Fund Balance - Committed 500,000.00 Fund Balance - Assigned 298,661.00 Fund Balance - Unassigned 1,009,133.95 Total Fund Balance 2,519,298.81 Beginning Fund Balance - 19-20 3,670,428.85 Net of Revenues VS Expenditures - 19-20 875,169.83 *19-20 End FB/20-21 Beg FB 3,394,468.64 Net of Revenues VS Expenditures - Current Year 4,027,963.68 Ending Fund Balance 7,422,432.32 Total Liabilities And Fund Balance 7,557,167.59 * Year Not Closed Page 72 of 184 ksQ ��� O�BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 2/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 101 BUILDING FUND GL Number Description Balance *** Assets *** Cash and Cash Equivalents 938,852.18 Investments 0.00 Accounts Receivable 2.45 Inventories 177.94 Prepaids 577.60 Total Assets 939,610.17 *** Liabilities *** Accounts Payable 0.00 Accrued liabilities (4,252.13) Due to Other Governments 11,326.17 Total Liabilities 7,074.04 *** Fund Balance *** F/B - Unreserved/Undesignated 0.00 Fund Balance - Restricted 1,151,130.04 Total Fund Balance 1,151,130.04 Beginning Fund Balance - 19-20 0.00 Net of Revenues VS Expenditures - 19-20 (495,196.87) *19-20 End FB/20-21 Beg FB 655,878.22 Net of Revenues VS Expenditures - Current Year 276,602.96 Ending Fund Balance 932,536.13 Total Liabilities And Fund Balance 939,610.17 * Year Not Closed Page 73 of 184 ksQ ��� #1O� BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 3/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 301 Capital Improvement Fund GL Number Description Balance *** Assets *** Cash and Cash Equivalents 314,151.36 Investments 0.00 Accounts Receivable 0.00 Due from Other Funds 0.00 Prepaids 0.00 Total Assets 314,151.36 *** Liabilities *** Accounts Payable 0.00 Accrued liabilities 0.00 Retainage Payable 0.00 Due to Other Funds 0.00 Total Liabilities 0.00 *** Fund Balance *** F/B - Res for Encumbrance 0.00 F/B - All Other Reserves 0.00 F/B - Unreserved - Designated 0.00 F/B - Unreserved/Undesignated 0.00 Fund Balance - Nonspendable 0.00 Fund Balance - Restricted 240F480.00 Fund Balance - Committed 46,485.00 Fund Balance - Assigned 0.00 Fund Balance - Unassigned 156,643.19 Total Fund Balance 443,608.19 Beginning Fund Balance - 19-20 443,608.19 Net of Revenues VS Expenditures - 19-20 (124,952.66) *19-20 End FB/20-21 Beg FB 318,655.53 Net of Revenues VS Expenditures - Current Year (4,504.17) Ending Fund Balance 314,151.36 Total Liabilities And Fund Balance 314,151.36 * Year Not Closed Page 74 of 184 ksQ ��� O�BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 4/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 303 Capital Projects Fund GL Number Description Balance *** Assets *** Cash and Cash Equivalents 6,723,046.22 Investments 0.00 Accounts Receivable 0.00 Due from Other Funds 0.00 Prepaids 0.00 Total Assets 6,723,046.22 *** Liabilities *** Accounts Payable 0.00 Accrued liabilities 0.00 Retainage Payable 0.00 Due to Other Funds 0.00 Total Liabilities 0.00 *** Fund Balance *** F/B - Res for Encumbrance 0.00 F/B - Unreserved/Undesignated 0.00 Fund Balance - Nonspendable 0.00 Fund Balance - Assigned 46,563.00 Fund Balance - Unassigned 107,749.79 Total Fund Balance 154,312.79 Beginning Fund Balance - 19-20 154,312.79 Net of Revenues VS Expenditures - 19-20 (98,047.00) *19-20 End FB/20-21 Beg FB 56,265.79 Net of Revenues VS Expenditures - Current Year 6,666,780.43 Ending Fund Balance 6,723,046.22 Total Liabilities And Fund Balance 6,723,046.22 * Year Not Closed Page 75 of 184 ksQ ��� #1O� BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 5/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 401 Water Fund GL Number Description Balance *** Assets *** Current Assets 0.00 Cash and Cash Equivalents 5,579,443.71 Investments 40,619.79 Accounts Receivable 610,317.27 Special Assess -Current 0.00 Special Assess - noncurrent 0.00 Due from Other Funds 0.00 Inventories 252,319.42 Prepaids 5,114.42 Other Assets - Current 0.00 Land 83,335.00 Other Assets - Non Current 83,335.00 INFRASTRUCTURE 15,370,162.19 Buildings 241,365.80 Improvements Other Than Bldgs. 27,011.20 Machinery & Equipment 325,011.94 Construction in Progress 0.00 Intangible Assets 28,993.85 Other Fixed Assets 0.00 Deferred Outflows 538,799.71 FIXED ASSETS 0.00 Total Assets 23,102,494.30 *** Liabilities *** Accounts Payable (17,856.34) Accrued liabilities (26,226.73) Retainage Payable 0.00 Due to Other Funds 0.00 Due to Other Governments 714.59 Deferred Revenue 0.00 Current Portion of Debt 412,997.17 Other Current Liabilities 0.00 Customer Deposits 47,302.70 Noncurrent liabilities 2,721,115.19 Other Long Term Liabilities 483,856.31 Def Inflows of Resources 156,780.00 Total Liabilities 3,778,682.89 *** Fund Balance *** F/B - Res for Encumbrance 0.00 F/B - All Other Reserves 0.00 F/B - Unreserved - Designated 0.00 F/B - Unreserved/Undesignated 0.00 N.A., Inv in Cap, net of debt 11,584,763.87 Net Assets, Restricted 0.00 Fund Balance - Committed 500,000.00 Fund Balance - Unassigned 6,720F630.67 Total Fund Balance 18,805,394.54 Beginning Fund Balance - 19-20 18,805,394.54 Net of Revenues VS Expenditures - 19-20 502,833.19 *19-20 End FB/20-21 Beg FB 19,308,227.73 Net of Revenues VS Expenditures - Current Year 15,583.68 Ending Fund Balance 19,323,811.41 Total Liabilities And Fund Balance 23,102,494.30 * Year Not Closed Page 76 of 184 ksQ ��� #1O� BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 6/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 402 Refuse & Recycling GL Number Description Balance *** Assets *** Cash and Cash Equivalents 387,309.13 Investments 0.00 Accounts Receivable 0.00 Other Assets - Current 0.00 Total Assets 387,309.13 *** Liabilities *** Accounts Payable 0.00 Due to Other Funds 0.00 Total Liabilities 0.00 *** Fund Balance *** F/B - Unreserved/Undesignated 0.00 Fund Balance - Unassigned 126,638.37 Total Fund Balance 126,638.37 Beginning Fund Balance - 19-20 126,638.37 Net of Revenues VS Expenditures - 19-20 (8,061.53) *19-20 End FB/20-21 Beg FB 118,576.84 Net of Revenues VS Expenditures - Current Year 268,732.29 Ending Fund Balance 387,309.13 Total Liabilities And Fund Balance 387,309.13 * Year Not Closed Page 77 of 184 ksQ ��� O�BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 7/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 403 Stormwater Utility GL Number Description Balance *** Assets *** Cash and Cash Equivalents 872,705.26 Investments 0.00 Accounts Receivable 218.36 Due from Other Funds 0.00 Inventories 510.52 Prepaids 0.00 Other Assets - Current 0.00 Other Assets - Non Current 0.00 INFRASTRUCTURE 1,334,459.48 Buildings 0.00 Improvements Other Than Bldgs. 0.00 Machinery & Equipment 12,758.92 Construction in Progress 0.00 Deferred Outflows 23,887.00 Total Assets 2,244,539.54 *** Liabilities *** Accounts Payable 0.00 Accrued liabilities (1,977.13) Retainage Payable 0.00 Due to Other Funds 0.00 Due to Other Governments 0.00 Current Portion of Debt 0.00 Other Long Term Liabilities 8,945.55 Def Inflows of Resources 10,547.00 Total Liabilities 17,515.42 *** Fund Balance *** F/B - Res for Encumbrance 0.00 F/B - Unreserved - Designated 0.00 F/B - Unreserved/Undesignated 0.00 N.A., Inv in Cap, net of debt 1,236,387.06 Fund Balance - Unassigned 811,216.33 Total Fund Balance 2,047,603.39 Beginning Fund Balance - 19-20 2,047,603.39 Net of Revenues VS Expenditures - 19-20 (13,241.19) *19-20 End FB/20-21 Beg FB 2,034,362.20 Net of Revenues VS Expenditures - Current Year 192,661.92 Ending Fund Balance 2,227,024.12 Total Liabilities And Fund Balance 2,244,539.54 * Year Not Closed Page 78 of 184 ksQ ��� #1O� BALANCE SHEET FOR VILLAGE OF TEQUESTA Page: 8/8 racanat� Period Ending 02/28/2021 DB: Tequesta Fund 605 Special Law Enforcement GL Number Description Balance *** Assets *** Cash and Cash Equivalents 85,023.13 Investments 0.00 Accounts Receivable 0.00 Inventories 0.00 Prepaids 0.00 Total Assets 85,023.13 *** Liabilities *** Accounts Payable 0.00 Due to Other Funds 0.00 Total Liabilities 0.00 *** Fund Balance *** Fund Balance - Nonspendable 0.00 Fund Balance - Assigned 0.00 Fund Balance - Unassigned 81,991.20 Total Fund Balance 81,991.20 Beginning Fund Balance - 19-20 81,991.20 Net of Revenues VS Expenditures - 19-20 2,985.14 *19-20 End FB/20-21 Beg FB 84,976.34 Net of Revenues VS Expenditures - Current Year 46.79 Ending Fund Balance 85,023.13 Total Liabilities And Fund Balance 85,023.13 * Year Not Closed Page 79 of 184 Agenda Item #10. VILLAGE OF TEQUESTA Cash & Investments Unadjusted Unaudited 2/28/2021 SBA Prime Cash Investments Total General Fund #001 $ 711281557 $ 249574 $ 711531131 Building Fund # 101 9381852 - 9381852 Capital Improvement Fund #3 01 3141151 0 3141151 Capital Projects Fund #303 617231046 0 617231046 Water Utility #401 515791444 401620 516201064 Refuse & Recycling #402 3871309 0 3871309 Stormwater #403 8721705 0 872,705 Special Law Enforcement #605 851023 0 859023 Total Cash and Investments $ 22,0299088 $ 65,193.52 $ 2290949281.35 Page 80 of 184 0 W H 0 Q Z D 0 W r-1 � O Q aC-4 ~ Z N W =) N C H W cc H O LL a O W W cc LU J > 0 W m x W 0 Z LU W W cc w F- O z LU U z a OC Q LU U O Z N Q O Q � m ONO N O _0 V) b-0 Q) � Q) Q)_� v v 0 o = L CL Q) .O (n V) (n C:cu Q) E — m u Q� O L N N cn � C: 0- Q) > —i N V �_ L a-; hA •— Q N Q) (n 4— v L ii N Ln 4 C: Qj v 0 `~ Q) a) U QJ >u- E- O L cn L Qj D a._, v U C= ca 0 Li cc 0 = cr O 3 Ln O O - Z > O U O QJ cn O) v L N U U W > •� L N U O � O4-j Ln u U O Q � J M u ca L L +Q) , � , (JJ >, O i aj OJ i � C U aj > L aj tiA — 00 000000000000000000 0) k-O I� rl q:* M Q0 1� t0 00 0) ::1- O O O Ol Ln 00 O O rl � �D 00 Ln l0 r1 M r1 r1 M 00 O O O N � M O M � 00 O I� 4 Ln N M rl I� I� to O O O I� N rl O � ' 00 ' � � rl 0) rl O O 0) N al O ' rl N rl rl r-I ' zj- ' rl Ol Ln 00 rl Ln R::I- rl fV R:t lO o0 rl Ln O O lD CV (D O Lr) to O I� O rl O I�t L r) I� I� rl R:I- O O 01 (N4 � O 00 a) lD M w a) 00 :1- rl al 00 0) rl lD Ln rl 00 w r1 Ln \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ rn M r1 M can 00 1� M M (.O wI:t M Ln rn rn m� rl I� � " � rl N N rl I� rl v r-I O) 00 (V a) N m N r1 v 01 rl N u 00 00 O Ln rl O I� Ln cN 00 cN R:zl- Ln O O Ln N Ln O 1� 00 00 O Ln Ln Ln O qz:l- (V o0 N o0 O M to a1 N rl M rl Ln N � 00 M IM N O lD l0 Ln 00 N rl \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ O rl N (,D N rl 0) lO I� M Ln I� Ln l0 9t O (V O) N N a) Rz:l- (V rl rl m � (3) Ln N Ln N M Rzl' Ln O 00 w I� N M O cal 0I;t 0 Ln rl M (-I �R:t 0 0 0 r1 O r1 O N N m I� Ln to Ln Qo mft. � r-I O � O M � � O rl N I� � 0) rl rl N lD 0) � r-I Ln Ln I� O 01 r1 I� \ \ \ \ ft. ft.\ \ O I� M N QO M cV M M I� I� M Lli al to O I� lD 0) O 00 O 0) O 0) Mr1 M rn� m0000� lD m 0 �� o � Q0 rl rM l0 l0 Ln to sk 01 N n N M �o 00 cn rl w Ln N t0 N C�0 4 � z O � v LU > > > a o ° � � x � N0 N � Ln V 4-J � i L N oC cn O oC — oC — _ Ln O a1 � O +� aJ u Ln U Ln Q) V W LU i V oC > aA > > 0 N f6 Ln N ' aj Ln' a_+ a ca n N• v Z N= E w -P W W O_ w N N (! �O U �O O O Q co c6 pLL LL Ln LL • i U, W N U Ln W bz ate-+ — u a—�-+ � 4 � J a > W C N W c6 C W U W }' t +-+ C a� Ln W � C o }, cu F- O = 0 cn LL � � U � or � U L� - 0 0 U U O U H N M O 00 cn r-1 W Ln �o V) W LL V) z LU J W Z LLI LLI a O N a-J V Q) O L a-J cn O v N N O Q) N a� o a CL o � .0 ,E U N U _0 N a) a.., Q) cu � L L -Ln ro•0 •0 U Ul v � O O L L — ca ca 00 _ 5. 5. CL _0U •� E E E U L.L c O •� O O W a cn � Ul Ln -0 •� v Qv E '5 aj V W L Q m oc 0 0 0 0 0 0 0 0 0 0 0 0 0 0 � 0 0 0 0 Ln M O O N Qo O O O d- m m O ORi* I� O O O rm rN o0 O O r1 O O N 0 0 lD O O lD I� N Ln cal 0 m Ln � 00 w N O rl rl O to rl w Q0 Ln 00 a1 N Ln O N CV O � 00 lD � lD rl N% N 00 Ln O lD k-o " (V N M cV cV to r1 rl 00 Ln 00 Q0 � 00 LL rn m 000 � rl Ln �O t0 Ln r1 I� R* Lli O � M %O cn rl ::I- M Lr)r-A0 0r O rn N N �� -I N 4�* Ln N 00 � 0 0 00 Ol M rl N O W O 00 O 00 Ln r1 O 41* 0) O rl O Ln O T--1 cYi I;t o 110 00 ri N r-1 O rl Ln l0 cM N O O 00 rl rl rl M Ln N 00 =3 C: LL LL — V) ca L 4-J H O U U LU a-J Z CL CU -0 ,� L � W a. E L- X O_ :3 06 J W tiA LL Z w N J W 0. C: a 4=- "0 uw cm W 0 m U U� or- cn FA ko M R* N �0-1 N 00 W Rl O 00 A enda Item #10. VILLAGE OF TEQUESTA REVENUE REPORT -UNADJUSTED, UNAUDITED 2/28/2021 YTD BALANCE YTD BALANCE DESCRIPTION 2/28/2020 2/28/2021 VARIANCE %VARIANCE NOTES REVENUES Fund 001- GENERAL FUND General Property Taxes 6,680,223 61960,188 279,965 4.19% Historically, 91% receipted by the end of F Sales & Use Taxes 4971780 541,388 43,608 8.76% Utility tax - water Franchise fees - gross receipt 203,472 2021100 (11371) -0.67% Licenses & Permits 182,950 600 (182,350) -99.67% Building Fund 101 created in Aug Intergovernmental Revenue 306,164 2921251 (13,914) -4.54% Chgs for Sery - Gen Gov 93,150 3211117 227,967 244.73% Land development fees - Sea Gla! Intragovernmental Revenue 3021265 429,707 1271442 42.16% Admin mgmt. Water fee increase Rents & Royalties 93,691 96,845 31154 3.37% Miscellaneous Revenues 388 726 339 87.26% Differs from year to year Chgs for Sery - Public Safety 4471412 524,288 76,876 17.18% Fire plan review fees increase Fines & Forfeitures 6,645 14,022 71378 111.03% Code enforcement fees differs Impact Fees 3,544 7,684 4,141 116.84% Differs from year to year Grants - State 0 13,605 13, 605 100.00% Contributions & Donations 5,500 0 (51500) -100.00% No donations due to Tequesta Fe Charges for Services - Recr. 19,731 535 (19,196) -97.29% Canceled recreation programs du Transfers In 0 0.00% Other Financing Sources 30 5,830 51800 19331.67% Sale of assets differ from year to, Unrestricted Investment Earning 37,747 2,640 (35,107) -93.01% Investment interest rate and bala Total General Fund 8,880,691 91413,526 532,835 6.00% Fund 101- BUILDING FUND Licenses & Permits 0 525,955 525,955 100.00% Building fund created Aug 2020 8 Chgs for Sery - Gen Gov 0 834 834 100.00% Unrestricted Investment Earning 0 454 454 100.00% Total Building Fund 0 5271243 5271243 100.00% Fund 301- Capital Improvement Fund Miscellaneous Revenues 0 0 0 0.00% Unrestricted Investment Earning 3,228 176 (3,052) -94.55% Interest rate and investment bala Transfers In 127,100 0 (127,100) -100.00% Transfers differ from year to year Total Capital Improvement Fund 130,328 176 (130,152) 100.00% Fund 303 - Capital Projects Fund Unrestricted Investment Earning 0 334 334 100.00% Other Financing Sources 0 61890,000 6,890,000 100.00% Loan proceeds for Recreation Cer Transfers In 0 0 0 0.00% Total Capital Projects Fund: 0 61890,334 6,890,334 100.00% Fund 401- Water Fund Miscellaneous Revenues 331560 471195 131#635 40.63% Credit memo for a prior year expi Fines & Forfeitures 459 0 (459) -100.00% Other Financing Sources 361010 1401033 104.0023 100.00% Increase in capital connect charg( Unrestricted Investment Earning 411927 31016 (38,911) -92.81% Interest rate and investment bala Charges for Services 2/321/679 21F0081471 (313,208) -13.49% Timing difference in Utility reveni Total Water Fund: 21433,635 21198,715 (234,920) -9.65% Fund 402 - Refuse & Recycling Intergovernmental Revenue 0 0 0 0.00% Unrestricted Investment Earning 544 134 (410) -75.32% Interest rate and investment bala Charges for Services 441,046 439,683 (11362) -0.31% Agenda Item #10. VILLAGE OF TEQUESTA EXPENDITURE REPORT - UNADJUSTED, UNAUDITED 2/28/2021 YTD BALANCE YTD BALANCE % DESCRIPTION 2/28/2020 2/28/2021 VARIANCE VARIANCE NOTES EXPENDITURES Fund 001- GENERAL FUND Council 241#889 191802 (51087) -20.44% Lower council expenditures Manager 110,113 1111391 11278 1.16% Health ins decrease Human Resources 147,761 140,985 (61776) -4.59% Village Clerk 136,330 121,504 (14,826) -10.88% Salaries, ins., advertising and travel Finance 1741278 252,530 78,252 44.90% ClearGov impl., BS&A cost reallocal Legal 33,698 63,679 29,981 88.97% Differs from year to year Comprehensive Planning 521705 48,708 (31997) -7.58% Legal and other contractual service General Government 116,894 114,818 (21076) -1.78% Comp system maint decrease & ins IT 83,051 314,346 2311295 278.50% Computer system maint & new IT K Police Department 11287,479 110274,267 (13,212) -1.03% Building & Zoning 292,327 0 (292,327) -100.00% Building department moved to Fun Code Compliance 35,839 321109 (31731) -10.41% Legal exp differ based on the numlz Fire Control 1/444/798 11926,506 4811708 33.34% Ambulance purchase $299K, O/T d Public Works 536,395 468,882 (67,513) -12.59% Regular salaries, landscape maint d Leisure Services 2941400 2821212 (12,188) -4.14% Gen maint, program exp, ins decre; Debt Service 231,500 213,821 (17,679) -7.64% Lease matured in FY 2020 Interfund Transfers 1271100 0 (127,100) -100.00% Differs from year to year Other Nonoperating 846 0 (846) -100.00% Total General Fund 5,1301404 51385,560 255,156 4.97% Fund 101- BUILDING FUND Building & Zoning 0 250,640 250,640 100.00% Building Fund 101 created in Aug 2 Interfund Transfers 0 0 0 0.00% Total Building Fund 0 250,640 250,640 100.00% Fund 301- Capital Improvement Fund Public Works 0 11080 11080 0.00% Pa rks 0 31600 31600 0.00% Total Capital Improvement Fund: 0 41680 41680 0.00% Fund 303 - Capital Projects Fund Recreation Center 14,988 223,554 208,566 100.00% Recreation Center project Total Capital Projects Fund: 14,988 223,554 208,566 100.00% Fund 401- Water Fund Water -Administration 6071223 591.0266 (15,958) -2.63% Water - Production 7221423 6391137 (83,286) -11.53% Water system maint Water -Distribution 3971169 3231424 (73,745) -18.57% New department moved out Water -Customer Service 0 831007 831007 100.00% New department created Renewal & Replacement 8601759 3611108 (499,652) -58.05% Decrease in Utility projects Debt Service 184.0981 1851#191 210 0.11% Other Nonoperating 771P454 0 (77,454) -100.00% Legal settlement Total Water Fund: 2,8501009 21183,132 (666,877) -23.40% Fund 402 - Refuse & Recycling Refuse and Recycling 1661183 1711085 41902 2.95 % Total Refuse & Recycling: 166,183 171,085 41902 2.95% Fund 403 - Stormwater Utility Agenda Item #10. THE VILLAGE OF TEQU ESTA REVENUE REPORT - UNADJUSTED, UNAUDITED 2/28/2021 FY 2021 FY 2021 41.67 ORIGINAL AMENDED TARGET YTD BALANCE DOLLAR PERCENT DESCRIPTION BUDGET BUDGET BUDGET 2/28/2021 VARIANCE VARIANCE Fund 001- GENERAL FUND General Property Taxes 71690,000 7,690,000 31204,167 61960,188 3,756,021 117.22% Sales & Use Taxes 11784,150 111784.8150 7431P396 541,388 (202,008) -27.17% Franchise fees - gross receipt 462,000 462,000 192,500 2021100 9,600 4.99% Licenses & Permits 500 500 208 600 392 188.00% Intragovernmental Revenue 11031,250 1,031,250 429,688 429,707 20 0.00% Grants Federal 0 20,916 81715 0 (8,715) -100.00% Grants - State 1001000 1001000 0 131605 131#605 100.00 Intergovernmental Revenue 768,350 768,350 320,146 2921251 (27,895) -8.71% Chgs for Sery - Gen Gov 195,000 195,000 811250 3211117 239,867 295.22% Chgs for Sery - Public Safety 11216,850 11216,850 507,021 524,288 17,267 3.41% Charges for Services - Recr. 15,300 15,300 61375 535 (5,840) -91.61% Fines & Forfeitures 18,500 18,500 71708 14,022 6,314 81.91% Unrestricted Investment Earning 620.000 62,000 25,833 21643 (23,190) -89.77% Rents & Royalties 2281800 2281800 951333 961845 11512 1.59% Impact Fees 1,500 11500 625 71684 71059 1129.50% Contributions & Donations 1,600 1,600 667 0 (667) -100.00% Miscellaneous Revenues 191F200 191F200 81000 726 (7,274) -90.92% Other Financing Sources 440,400 739,061 307,942 51830 (302,113) -98.11% Transfers In 0 0 0 0 0 Total General Fund 14,035,400 14,354,977 51981,240 91413,530 31432,289 57.38% Fund 101- BUILDING FUND Licenses & Permits 5051000 5051000 2101417 5251955 3151539 149.96% Chgs for Sery - Gen Gov 0 0 0 834 834 100.00% Unrestricted Investment Earning 0 0 0 454 454 100.00% Other Financing Sources 19,800 19,800 81250 0 (8,250) -100.00% Appropriate Fund Balance 146.1950 1461950 0 0 Total Building Fund 671.1750 671,750 279,896 5271243 247,347 88.37% Fund 301- Capital Improvement Fund Unrestricted Investment Earn 5,200 51200 21167 176 (1,991) 100.00% Transfers In 4341250 4051044 168,768 0 (168,768) -100.00% Appropriate Fund Balance 971650 971650 0 0 Total Capital Improvement Fund: 537,100 507,894 211,623 176 (211,447) -99.92% Fund 303 - Capital Projects Fund Unrestricted Investment Earning 0 0 0 334 334 100.00% Other Financing Sources 0 6,936,563 21890,235 61890,000 3,999,765 100.00% Transfers In 208,050 208.0050 86,688 0 (86,688) -100.00% Appropriate Fund Balance 0 0 0 0 Total Capital Projects Fund: 208,050 70144,613 21976,922 61890,334 31913,412 131.46% Fund 401- Water Fund Charges for Services 61326,250 6,3261250 21635,938 21008,496 (627,441) -23.80% Fines & Forfeitures 0 0 0 0 0.00% Unrestricted Investment Earn 64,800 64,800 27,000 31027 (23,973) -88.79% .... r7) ..,,-.,, .. .,. no crn no can nn n-71 n-7 I nC nc nnn I on ono/ Agenda Item #10. DESCRIPTION Fund 001- General Fund Council Manager Human Resources Village Clerk Finance Lega I Comprehensive Planning General Government IT Police Department Code Compliance Fire Control Public Works Leisure Services Debt Service Interfund Transfers Other Nonoperating Total General Fund Fund 101- BUILDING FUND Building & Zoning Interfund Transfers Total Building Fund Fund 301- Capital Improvement Fund Public Works Pa rks Tequesta Drive Bridge Other Nonoperating Total Capital Improvement Fund: Fund 303 - Capital Projects Fund Public Works Recreation Center Other Nonoperating Total Capital Projects Fund: Fund 401- Water Fund Water -Ad ministration Water - Production Water -Distribution Water -Customer Service Renewal & Replacement Debt Service Other Nonoperating Total Capital Projects Fund: Fund 402 - Refuse & Recycling THE VILLAGE OF TEQUESTA EXPENDITURE REPORT - UNADJUSTED, UNAUDITED 2/28/2021 FY 2021 FY 2021 41.67% YTD BALANCE ORIGINAL AMENDED TARGET 2/28/2021 DOLLAR BUDGET BUDGET BUDGET VARIANCE 65,600 65,600 27,333 19,802 (71532) 2931650 293,650 1221#354 111,391 (10,963) 366,900 366,900 152,875 140,985 (11,890) 355,350 355,350 148,063 121,504 (26,558) 691,700 691,700 288,208 252,530 (35,679) 180,000 180,000 75,000 631679 (11,321) 164,000 164,000 68,333 48,708 (19,625) 271,900 277,900 115,792 114,818 (974) 709,950 709,950 295,813 314,346 18,534 31417,050 31437,966 1/432/486 11274,267 (158,219) 911250 911250 38,021 321109 (51912) 41043,550 41342,211 11809,255 11926,506 117,251 11489,000 11489,000 620,417 468,882 (151,534) 7051100 7051100 2931792 2821212 (11, 579) 542,100 571,306 238,044 213,821 (24,223) 642,300 613,094 255,456 0 (255,456) 61000 0 0 0 0 14/035/400 14,3541977 514981,240 51385,560 (595,681) 6711750 6711750 279,896 250,640 (29,256) 0 0 0 0 0 6711750 671,750 2791#896 2501640 (29,256) 413,000 1581000 651833 1,080 (64,753) 50,000 50,000 20,833 31600 (17,233) 741100 741100 30,875 0 (30,875) 0 225,794 94,081 0 (94,081) 5371100 507.0894 2111#623 41680 (206,943) 0 255,000 208,050 61634,613 21764,422 223,554 (2,540,869) 0 255,000 106,250 0 (106,250) 208,050 71144,613 21976,922 223,554 (2,753,369) 11426,250 11436,816 598,673 5911266 (71408) 11956,850 11956,850 815,354 639,137 (176,217) 773,500 773,500 3221292 323,424 11132 2211150 246,150 102,563 83,007 (19,556) 21202,100 2/842/496 1/184/373 3611108 (823,266) 541,000 541,000 225,417 185,191 (40,226) 25,000 0 0 0 0 71145,850 71796,812 3,2481672 2,1831132 (11065,540)