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HomeMy WebLinkAboutHandouts_Workshop_6/27/2022 FY2022 / 23 Budget Workshop DUNE 271 2022 An Anal Balaned Budget ■ Each year the Village of Tequesta is required to appropriate an annual expenditure budget and set a maximum ad valorem tax rate. The annual budget sets the fiscal year. ■ A balanced budget means that the total resources available (including reserves) to the Village must be sufficient to cover the budgeted expenses. Type of Funds ■ General Fund - Fund is used to fund Village services such as Police, Fire, Parks, Planning, Finance, IT, Administration. Ad-valorem, State shared revenues, investment interest income, charges for services are examples of revenue for this fund. Taxes are the main revenue source for this fund. **This portion of the budget is comprised largely of discretionary funds, since the Mayor and Council can allocate the funds to programs and services in any area. {Enterprise Funds - Should be Self-Supporting ■ Water Utility - This fund is used to account for the activities of the water utility. Fees are set yearly to offset expenditures as well as future capital needs. ■ Stormwater Utility- Funded by user fees established on an equivalent residential unit (ERU) basis. ERU's are calculated by utilizing the total of the impervious surface for each parcel. All businesses, residential and multi-family dwelling units will be charged a fee. ■ Refuse and Recycl� This fund is used to account for the fees charged for solid waste, yard waste and recyclable material collection. [Restricted Funds ■ Capital Improvement Fund - This fund is funded by the State Sales Surtax in the amount estimated of $474,893 (Sunsets 2026) and the Water Utility tax estimated $217,793. This fund is used to account for the maintenance and upkeep of The Village's general infrastructure (such as roads, bridges and sidewalks). ■ Building Fund - Funded by building and inspection fees. Funds and reserves may only be used to support the delivery of those specific services. May not be used to support or supplement the other funds. ■ Special Lew Enforcement Fund - This fund accounts for forfeitures received by the Police Department. The forfeitures must be expended for certain law enforcement purposes as prescribed by Florida State Statue Chapter 932.704 J in - 4--S`7.R�-: a ��r_-�. .T"— - - �Tom. .t� ��� �' -_�:�:�•T'�.�4 -� - ' a - _ _ Tw or -eta a •' r � Aid released to states in May after states submitting $10.31 BILLION certification to Department of Treasury STATE OF States will receive disbursements for non-entitlement unit FLORIDA of local government. ALLOCATION States must disburse funds to non-entitlements within 30 days of receiving funding, or request an extension with $3.07 MILLION justification for request VILLAGE OF States are not permitted to change funding allocations or TEQUESTA add additional requirements to non-entitlement units of local government Non-entitlement: Cities with population below 50k First tranche of $1 .5 million received in September 2021 Second tranche of $1 .5 million to be distributed in r September 2022 $10.31 BILLION Treasury Final rules provides greater flexibility and simplicity for recipients. STATE • Major simplification through the $10 million revenue loss FLORIDA standard allowance. ALLOCATION Treasury has softened the Single Audit requirements for MILLION$3.07 municipalities that normally do not spend $750,000/year to VILLAGE OF Mi allow for program specific audits (should reduce audit costs TEQUESTA slightly). * - Due to this change, the Village is utilizing the revenue loss standard allowance. Funds made available for the provision of governmental services are intended to support direct provision of services to citizens. r $10.31 BILLION STATETreasury has defined ineligible uses for Non-Entitlement FLORIDA Units (populations of 50,000 or less). ALLOCATION Contributions to rainy day funds and similar reserves are prohibited. $3.07 MI • Contributions to pension funds which means extraordinary VILLAGE OF payments for an unfunded liability. TEQUESTA In essence Treasury wants this money to be spent. Because this money is in essence one-time revenues it should be spent on one-time expenditures, i.e. , capital projects, large purchases, major building repairs, etc. ee r Respond to Replace revenue COVI D- 1 9 or its lost due to ELIGIBLE USE economic impacts COVID- 19 OFARPA FUNDS IFIngest in water, �� Provide premium sew d pay for eligible er, an � essential workers broadband infrastructure FUNDING CONSIDERATIONS Dun 0 FOCUS AVOID ENHANCE PARTNER The focus on Avoid new programs Enhance Partner with other rebuilding the or programs that budgetary stability organizations to financial flexibility require an ongoing by spreading the maximize or and restoring the commitment projects through leverage the City's fiscal resiliency 2024 portion of funding ELIGIBLE USE CATEGORIES, FISCAL FEAR PROJECT DESCRIPTION 2021 2022 2023 2024 Grand Total - Invest in Water/Sewer/Broadband Infrastructure 102,952 447,048 100,000 E50,000 torrnwater - N. Cypress Dr./Riverside Dr. 1021952 1021952 Storrrnwater Projects 4471048 1001000 5471048 - Replace Revenue Lost Due to COVID-19 66,004 288,236 11900,000 21254,240 Provide essential govt secs, i.e., public safety/public works 661004 - 661004 New Fire Command Vehicle 4312 43166 Police 'Vehicles (4) - Encumbered 244,610 2441610 Fire Truck and Ladder Truck 119001000 11F9001000 B Respond to COVID-19 or its Econ Impacts 85,000 85;ODO 170,O00 Business Liaison - Personnel 85,000 851P000 1701000 Grand Taal 66,004 391,188 71432,048 185,000 31074,240 Note; Revenue loss amount will be used to provide govt services, i.e., police, fire, other public safety svcs; maintenance or pay-go funded bldg or infrastructure costs, modernizing cybersecurity, including hardware, software, etc. 2021 - 2022 Highlights ■ Treasure Coast Regional Planning Council Master Corridor Charrette (Draft July) ■ Community Center opened ■ Adopted Parks Master Plan ■ Work Authorization for Design of Remembrance Park ■ Business Liaison Position ■ Police Training Simulator ■ Authorization to Purchase Motor Patrol Bike ■ Entered into the Stonegarden Contract which is a partnership between Palm Beach County Sheriff's Office, Homeland Security, & Tequesta Police Department for maritime security. ■ Tequesta Police Department achieved State Accreditation, a rigorous process of implementing best policing policies and practices. 2021 - 2022 Highlights ( Continued ) ■ Road Improvements (Year 2) : Beacon, Church, Franklin, Ridewood, Pinetree, Hickory Hill, Dogwood, Hemlock, Willow. ■ Sidewalk Improvements: South side of Tequesta Drive from Seabrook Road to Venus Avenue ■ Funded 4 New PD Vehicles ( Have only received 2) ■ Funded new FD command vehicle ■ Added Senior Citizen Homestead Exemption ■ Additional Code Compliance Staff Member (JIC pays portion) ■ Projected to be above our Unassigned Fund Balance Reserve per Policy 2021 - 2022 Highlights ( Continued ) ■ New Welcome Packet created for realtors and Airbnb vacation rentals ■ Organized the first annual successful Residents Academy ■ Road Improvement Projects: Beacon, Church, Franklin, Ridgewood, Pinetree, Hickory Hill, Dogwood, Hemlock, Willow ■ Tequesta Fire Department ordered a new Sutphen SL 75 Ladder Truck and New Sutphen G9XL Pumper. Delivery is expected in April and August 2023 respectively. ■ Tequesta Fire Department purchased a inflatable flood water boat for water rescues. ■ Completed Village Hall and Public Safety Building Air Conditioning Improvements. Fund Balance Policy UNASSIGNED FUND BALANCE If, after the annual audit, prior committed or assigned fund balance causes the unassigned fund balance to fall below an amount equal to one month of operating expenditures, the Village Manager and/or the Finance Director will so advise Village Council in order for the necessary action to be taken to restore the unassigned fund balance to an amount equal to two months of General Fund operating expenditures. Fund Balance History - General Fund DescriptionmollMI .-MMUR, 1 1 1 1 In Expenditures less Capital outlay 111711,906 13,479,010 13,286,377 12,654,381 13,741,784 Two Months' Expenditures (Target) 11951,984 21246,502 21214,396 21109,064 21290,220 Unassigned Fund Balance at Year-end 11150,229 1,479,005 11884,304 41356,864 51300,987 Amount • • Balance Target : 1 1 1 • : 11 1 1 *FY22 amount projected (a significant portion, approximately $2.6 million, is ARPA funds which must be spent by 2024). 2022 - 23 Proposed Budget Budget Summary — AII Funds Date Expenditure Description FY2022 FY2022 FY2023 Dollar Change (Original) (Amended) M6 (Recommended) (From Original) Percent Change General Fund $15,277,970 $17,218,533 $15,840,861 $562,891 3.7% Building Fund 676,260 876,260 816,754 140,494 20.8% Capital Improvement Fund 7621260 795,845 11#218,122 455,862 59.8% Capital Projects Fund 342,000 217311223 0 (342,000) 100% Water Utility Fund 12,937,350 13,504,146 17,971,444 5,034,094 38.9% Refuse & Recycling Fund 530,010 530,010 601,972 71,962 13.6% Stormwater Utility Fund 679,210 726,562 876,735 197,525 29.1% Special Law Enforcement Fund 74,920 149,670 99,707 241787 33.1% FY 2022 - 23 Proposed General Fund Budget ■ Revenues ■ Property tax revenue up by 12.7%. ■ Increased Admin Fees - $67800. ■ Increased investment earnings - $ 1027000. ■ Increased Recreation Center programs and fees to $61,000. ■ Decrease of $ 1,537,000 in ARPA Funding ending. ■ Increase to Emergency Transports - $527629. ■ Employee Compensation: ■ PBA - Negotiations ongoing. ■ IAFF - 3.00% Step/2% Cola . ■ CWA - Negotiations ongoing. ■ Non-Union - Proposed 5% Increase ■ Health Insurance Increase (Placeholder Until Actual) - $2107975. FY 2022 - 23 Proposed General Fund Budget ( Continued ) ■ Increase in employer pension contributions - $2,175. ■ Tequest Fest - $ 100,000. ■ Proposing new Firefighter Position - Salaries and Equipment - $ 114,480. ■ Debt Service ■ Cost of New Debt Service - Recreation Ctr. $430,098 ■ Cost of New Debt Service - SAN Project ($58,050) ■ Capital Projects ■ Includes Funding two Fire Trucks with ARAP Funds $ 1.865 million ■ Includes transfer to Stormwater Fund of $300,000 of American Rescue Plan funds for Stormwater improvements. ■ Total budgeted road improvements for FY 23 - $ 7737285. ■ Estimated usage of American Rescue Plan funds - $271657588 OF-6`e' ralFund — Estimated - $15, • CAI :• Administrative Fees, $863,075 , 5°% Misc. Other, $440,893 , 3% ` ' •• Charges for Services, _ $1,587,665 , 10%� .••, Intergovernmental Revenue, '' • $903,855 , 6% off Franchise Fees,� $484,710, 3% General Property Taxes, $9,194,003 , 58% Other Taxes, $1,979,760, 130 • - 11 111 • Grant Funds, $386,900 , 2% • • • General Fund — Proposed Expenditures - $15,?840,?861 Non-Operating ' ' • Debt Service , • , • 1 Expenditures 4% 8% Capital Outlay poi • • - - - - Operating Expenditures Salaries & Wages 26% 41% • • - • • - • Employee Benefits . • • • 111 21% Budget Summaryby Department - GeneraI Fund Expenditure Description FY21 Adopted FY2023 Proposed Dollar Change Percent Change Council $77,350 $93,165 $15,815 20.4% Manager 306,720 319,620 12,900 4.2% Human Resources 385,040 409,683 24,643 6.4% Village Clerk 373,940 411,925 37,985 10.2% Finance 715,220 7621#278 47,058 6.6% Legal 190,000 180,000 (10,000) (5.3%) Comprehensive Planning 281,540 179,540 (102,000) (36.2%) General Government 314,310 246,215 (68,095) (21.7%) IT 476,650 481,961 5,311 1.1% Police Department 3,558,370 3,543,703 (14,667) (0.4%) Code Compliance 1241480 104,925 (19,555) (15.7%) Fire Control 411271#295 4,519,238 391,943 9.5% Public Works 1,546,915 1,609,033 621118 4.0% Leisure Services 942,080 1,065,672 123,592 13.1% Debt Service 886,280 5911400 (294,880) (33.3%) Interfund Transfers 8271260 1,007,686 180,426 21.8% Other Nonoperating 99,250 314,817 215,567 217.2% Millage e artment DescriptionR Net Expenditures Required Millage 100 - COUNCIL $93,165 0.0643 110 - MANAGER 3191620 0.2189 111 - HUMAN RESOURCES 4091683 0.2807 120 - VILLAGE CLERK 4111925 0.2822 130 - FINANCE 7621278 0.5222 140 - LEGAL 1801000 0.1233 150 - COMPREHENSIVE PLANNING 1791540 0.1230 160 - GENERAL GOVERNMENT 2461215 0.1687 161 - IT 4811961 0.3301 175 - POLICE DEPARTMENT— NET OF ($62K) EARNED REVENUE 3/481/833 2.3854 181 - CODE COMPLIANCE 1041925 0.0719 192 - FIRE CONTROL — NET OF ($1.2M) EARNED REVENUE 3/272/365 2.2419 210 - PUBLIC WORKS 1/609/033 1.1024 231 - LEISURE SERVICES 1/065/672 0.7294 700 - DEBT SERVICE 5911400 N/A 900 — OTHER NONOPERATING 1/322/503 N/A TOTAL - FUND 001 $15,840,861 N/A Mill te History - st Ten Fiscal Years • • • 25.0000 20.0000 15.0000 10.0000 5.0000 • 2017 2018 2019 VOT • Authorities F LVOT Millage Rate All Other Taxing Authorities Total Millage Rate 2013 5.7671 17.8295 23.5966 2014 6.0500 llllllllM 15.5421 21.5921 2015 6.2920 15.4710 21.7630 2016 6.2920 15.2572 21.5492 2017 6.2920 14.6373 20.9293 2018 6.2920 14.1511 20.4431 2019 6.2920 13.8702 20.1622 2020 6.6290 14.3961 21.0251 2021 6.6290 14.1774 20.8064 2022 6.6290 14.0030 20.6320 iPopulation Total Millage 11W Town of Palm Beach 9,253 16.2251 ** 2 Manalapan 419 16.4980 3 W' Highland Beach JL 4,300 16.9509 4 Gulf Stream 949 17.0009 5 Hypoluxo 2,686 17.1109 * 6 Cloud Lake 136 17.3690 * 7 Glenridge 217 17.3690 8 Boca Raton 98,046 18.0570 ** 9 Jupiter 61,121 18.4236 * 10 Royal Palm Beach 39,144 19.2890 * 11 Juno Beach 3,862 19.3847 12 Ocean Ridge 1,828 19.4109 13 Palm Beach Gardens 59,755 19.4609 14 Jupiter Inlet Beach Colony 403 19.5630 * 15 Wellington 61,768 19.8390 16 Village of Golf 257 19.8737 Palm Beach • • . 17 Delray Beach 66,948 20.1688 Mill . _ Rates ,22) * 18 Lantana 11,579 20.2866 19 Greenacres 44,549 20.3109 • Populations (based on ; - , * 20 Loxahatchee Groves 3,379 20.3690 21 North Palm Beach 13,167 20.3785 of • • � ' • � * 22 Palm Springs 26,904 20.5860 Estimates 4-1-2021) 23 Tequesta MM 6,152 20.6320 24 Palm Beach Shores 1,330 20.6899 * 25 South Palm Beach 1,472 20.8690 _ 26 Boynton Beach 81,011 21.2185 Err 27 Atlantis 2,145 21.4409 Pr 28 West Palm Beach 119,255 21.7468 29 Riviera Beach 38,125 21.7805 * 30 Haverhill 2,193 21.8690 31 Lake Park 9,039 22.1340 * 32 Westlake 1,757 22.4940 * 33 Lake Worth 42,572 23.3911 34 Lake Clarke Shores 3,562 23.6488 * 35 South Bay 4,924 23.6779 _ 36 Mangonia Park 2,142 23.8109 * 37 Belle Glade 16,893 23.9109 _ 38 Briny Breezes 499 23.9109 * 39 Pahokee 5,580 23.9109 All Other Funds Building 6 - 80350 Building permit fees budgeted at $604,115. Proposed usage of $196.391 of fund balance reserves. Replacing an aging Truck - $33,000 Expenditure Breakdown: Operating Expenditures - $256,554 Personal Services - $546,952 Enterprise Funds — Unrestricted Net Position History -MR Stormwater Refuse & Description Water Utility utility - • Beginning Unrestricted Net Position, 9/30/2020 5,798,038 980,204 118,577 Operating/Non-operating Revenues 617151985 4661769 4861641 Operating/Non-operating Expenses (5,802,572) (424,732) (511,299) Change in net investment in capital assets/debt service (342,155) (940,841) Ending Unrestricted Net Position, 9/30/2021 6,369,296 (18,841) 93,919 Operating/Non-operating Revenues 1713591134 8831768 5201434 Operating/Non-operating Expenses (6,690,234) (430,840) (549,172) Change in net investment in capital assets/debt service (11,349,030) (404,000) - Ending Unrestricted Net Position, 9/30/2022 (Projected) $ 5,689,166 $ 30,328 $ 65,546 WaterEnterprise Funds Utility • $17,971,444 Refuse Enterprise funds operate in a manner similar : Recycling • $601.,972to regular businesses whereby user fees are charged for goods and services. Stormwater Utility Fund - $876,735 Refuse ec c i n H 0 . ighlights • Proposed increase of 13.6% in user fees based upon Waste Management's contract. • Waste Management charges to increase by the same 13.6%. Budget Overview • z Enterprise Funds • Operated on Business Model • Rates & Fees fully capture costs of providing service (no tax $ used) • Shift Focus from Capital Planning to Capital Execution and Asset Jr Management ,it Fr 32 a� �y LinedFY22 Highlights • Rehabilitated 3 Floridan Aquifer Wells • goo' of Stormwatery Riverside Drive Stormwater • • Repairs Gulfstream • ' Drive Stormwater Improvements f � � Replace Well No. 3.9 — Design & Start 6x Construction _ - Replace Well No. 3.8 — Design WTP Upgrades and Energy/Resource ImprovementsDesign hu• Water Main Replacements •- _ Design .. `,. Village of Tequesta - " - 33 1 1 FY22 FY23 Description FY21 Actual % Change Estimated Proiected Review Fees $25,900 - $1,000 - _ • _ • Water Sales $3,349,809 $3,650,000 $3,760,000 3.0% • _ • • Connection Charges $44,849 $22,000 $22,500 2.3% Fire Protection Charges $79,480 $82,000 $84,500 3.0% • • Nonresident Surcharge $544,654 $605,000 $623,000 3.0% Monthly Service Charge $1,987,847 $2,150,000 $2,214,500 3.0% Penalty Charges $21,883 $105,000 $108,000 2.9% Other Revenues $3,632 $4,000 $4,000 0.0% Interest/Invest. Earnings $6,671 $3,000 $3,000 - Tropic V-Const. Portion $35,099 $25,000 $30,000 20.0% Other Misc. Revenue $26,577 $3,000 $3,000 0.0% Disposition/Sale of Assets $29,834 $10,000 $5,000 (50.0%) Insurance Reimbursement $2,398 - - - Capital Connection Charges $583,645 $70,000 $15,000 (78.6%) Debt Proceeds - $2,631,931 $10,855,000 312.4% Total $6,742,278 $9,360,931 $17,728,500 77.0% I YAJCJ 4 41 • FY22 FY23 0 Description FY21 Actual Estimated Proposed /o Change Budget Operating Personnel $1,889,949 $1,920,960 $2,101,515 9.4% Operations $1,358,225 $1,772,700 $1,709,738 (3.6%) Subtotal $3,248,173 $3,693,660 $3,811,253 3.2% • Capital-R&R Operating Funded $552,236 $2,609,000 $2,142,000 (17.9%) Debt Funded - $2,631,931 $10,855,000 312.4% Subtotal $552,236 $5,240,931 $12,997,000 148.0% Financinfz Principal $397,997 $376,728 $391,823 4.0% Interest $110,755 $94,117 $79,732 (15.3%) Subtotal $508,752 $470,845 $471,555 0.2% Other Transfer to General Fund $836,872 $655,210 $657,362 0.3% Total Less Debt Funded $5,146,033 $7,428,715 $7,941,640 6.9% Total $5,146,033 $10,060,646 $17,937,170 78% Description FY21 Actual FY22 Estimated FY23 Proposed % Change Administration $514,155 $827,863 $711,093 (14.1%) Production $1,890,625 $1,905,515 $2,024,385 6.2% Distribution $672,717 $692,728 $792,740 14.4% Customer Service $170,676 $267,554 $283,035 5.8% , Renewal & Replacement $552,236 $2,609,000 $2,142,000 (17.9%) Capital Improvement - $2,631,931 $10,855,000 412% Debt Service $508,752 $470,845 $471,555 0.2% Transfer to General Fund $836,872 $655,210 $657,362 0.3% Total Less Debt Funded $5,146,033 $7,428,715 $7,941,640 6.9% otal $5,146,033 $10,060,646 $17,937,170 78% yp nF TFp s Major Projects - §� nr�ouN� Water • Water Main Replacements b - p • WM 1/4 -Te uesta Drive & Countr Cl q Y '1 M■■� . - -- Drive (Construction Cont'd) - - r, - • WM z - Beach Road Phase z (Design Cont'd & Start Construction) J • WM3 - n Jupiter in the Pines South (Design "�i P g Cont'd & Start Construction) t • WM- - Country Club Drive North (Design aV1 • WaterTreatment Plant Upgrades (Design Cont'd & Start Construction) • WTP Media Filter Rehabilitation • Surficial Well Replacement • Well No. Sig (Construction Cont'd) • Well No. SA (Design Cont'd & Start 12.OIL� ��- Construction) • County Line Road Water Main & Raw a '! Water Main Relocations — Joint Project w/ LRD r f 3 Village of Tequesta 9 202:L Rate Plan • ioYear Financial Forecastof Operating and Capital Gross Revenues Gross Re�renue Expenditure - - • of -System and In#Ivwrs Requirements and �3utflvws • i Council • • ' • a 5-Year Rate Phasing5-Yea Rate Revenues Expenses • other Operating Includes • Price Indexing Revenues and Debt/Capital Impavt Fees Investment Compliance and Income and Reserves Adopted Rates cvntribtativns . . *Fisca I Year 2022 Inc I uded a Rate Structure Ch a nge from Fisca I Year 202-1 Village of Tequesta 8 Water Main Replacement Program FundingScenarios • Due to Magnitude of Program 3 Funding Scenarios Considered • Ability to Fund Based on Customer Rate Adjustments • Plan Utilized Issuance of Low-Interest State Revolving Fund Loans • Three Rate Scenarios Considered*: • Scenario 1 — No Capital Recovery Charge • Scenario 2 - s6 a Month ($72 a Year) • Scenario 3 — szg8 PerYear (Non-Ad Valorem Assessment) *Per ERC Over 25Years Village of Tequesta 39 Capital RecoveryCharge • Is an Additional Rate Dedicated to Fund the Water Main Replacement Program • Primary Purpose is to Pay Debt to Fund Water Main Replacement Program • Used by Other Utilities to Recover Capital Costs • Sarasota County • Martin County • Marco Island • Could be Placed On the Monthly Utility Bill orYearly Non-Ad Valorem Assessment • Using an Assessment Would Subject the Charge to the 4% Prepayment Discount Village of Tequesta Scenario :L — No Capital RecoveryCharge • Assumes 3.50% Rate Increases Starting in z0z7 Through 2031 Includes Indexing Charge • Some of Program Cost Deferred Total Included WM Capital Cost $27,99o,162 to Outside 10-Year Forecast Percentage of WM Projects Completed 62% • Total Project Cost Increased Due to Inflation Village Scenario 2 - $6 Per Month Capital RecoveryCharge • Assumes 3.50% Rate Increases Starting in z0z7 Through 2031 ' Includes udes Indexing ng Total Included WM Capital Cost $33,717,094 • Percentage ofWM Projects • Some of Program Moved Completed 74% Outside 10-Year Forecast Annual Estimated Revenue From Recovery Charge $583,000 • Total Project Cost Increased Due to Inflation Village Scenario - $ :L98 PerYearCapital RecoveryCharge 3 • Assumes 3.5o% Rate Increases ScenariO Starting in 2027 Total Included WM Capital Cost p 39,979, 49 • Includes Indexing Percentage of WM Projects Completed Z00% • WM Program Shifted Within Annual Estimated Revenue From Capital Plan Recovery Charge $1,5981652 • Total Project Cost Increased Due to Inflation Village Stormwater FY23 Revenues & Fiscal Year 2023 Revenue & Expenses Expenses Description FY21 Actual FY22 FY23 % Change Estimated Projected Rate _ . _ Proposed Revenues Stormwater Utilities Fees $450,271 $488,000 $510,000 4.5% Holding operating • Interest/Invest Earnings $883 $1,000 $1,500 50.0% Resiliency _ Grant Funds - $30,000 $95,000 216.7% funded) ARPA Funds - $ 150,000 - (100%) Total Revenues $451,154 $669,000 $606,500 (10.9%) 0 $75k increase to fund Expenses balance Operating Personnel $136,109 $132,650 $129,615 (2.3%) Operations $83,702 $151,250 $209,040 38.2% Capital-R&R R&R $71,460 $22,427 - (100%) Capital - $265,000 $104,000 (60.8%) Other Transfer to General Fund $85,873 $86,420 $88,385 2.3% Village of TequestaTotal Expenses $377,144 $657,747 $531,040 (19.3%) ' s Major Projects - ` r Stormwater • Stormwater Pipe Lining ONE • Country Club Circle _ '•" • Tradewinds Circle ' • Leeward Circle �... r • Swale Restoration - _ y� c Village of Tequesta 5 -Year a i to m rove m e n t Program Capital Costs By Department (per year) Capital Costs By Department fall years) 2023 ,I 'I $14,693,122.00 Manager (0%0) $75,000.00 Public Works (12%) $3,470,285.00 2024 I I $6,849,837.00 Police Department (2%) $640,964.00 2025 II $726,000.00 Fire Control (3%) $743,674.00 t Water-Administration (79%) $22,786,000.00 2026 I $1,642,000.00 Building &Zoning (011/8) $33,000.00 2027 Ell $5,036,964.00 0 Storm Water Utilities (3°/©) $999,000.00 $0 $4M $8M $12M $28.95M 0 IT (10/8) $200,000.00 + Manager 0 Public Works TOTAL $28,947,923.00 Police Department 0 Fire Control Water-Administration 0 Building&Zoning Storm Water Utilities 0 IT General Fund Capital Improvement Plan FY2023-2027 FY2023 Capital FY2024 Capital FY2025 Capital FY2026 Capital FY2027 Capital Request Title Cost Costs Costs Costs Costs Department Request Owner Roadway 5 -Year Capital Improvement Plan $773,285.00 $255,000.00 $255,000.00 $255,000.00 $255,000.00 Public Works Doug Chambers Phone System Replacement $120,000.00 $0.00 $0.00 $0.00 $0.00 IT Brad Gomberg Tree Canopy Enhancement $75,000.00 $0.00 $0.00 $0.00 $0.00 Manager Jeremy Allen Sidewalk 5 -Year Capital Improvement Plan $75,000.00 $75,000.00 $75,000.00 $130,000.00 $75,000.00 Public Works Doug Chambers Cardiac Monitor $73,837.00 $73,837.00 $0.00 $0.00 $0.00 Fire Control Tessa McKay Traffic Pre Emption Devices $55,000.00 $0.00 $0.00 $0.00 $0.00 Fire Control James Trube Air Compressor for SCBA $46,000.00 $0.00 $0.00 $0.00 $0.00 Fire Control Tessa McKay Building & Replacement Truck Building $33,000.00 $0.00 $0.00 $0.00 $0.00 Zoning Jose Rodriguez �(2) LUCAS Auto Compression Device $0.00 $0.00 $0.00 $0.00 $40,000.00 Fire Control James Trube Ford Explorer- Replacement of 2011 Chevy Tahoe Support Vehicle $0.00 $0.00 $0.00 $0.00 $55,000.00 Fire Control James Trube Rescue Vehicle $0.00 $0.00 $0.00 $400,000.00 $0.00 Fire Control Tessa McKay Pure SAN Controller Replacement $0.00 $0.00 $0.00 $0.00 $50,000.00IT Brad Gomberg �VMware ESXi Host Replacement $0.00 $0.00 $0.00 $0.00 $30,000.00IT Brad Gomberg Police Patrol Units for the Tequesta Police Department $0.00 $0.00 $162,000.00 $171,000.00 $273,964.00 Department James McGrew Police Tasers $0.00 $0.00 $34,000.00 $0.00 $0.00 Department James McGrew Fiscal Year 2027 Design and Install Roundabout on Country Club Drive & North Place $0.00 $0.00 $0.00 $0.00 $1,247,000.00 Public Works Doug Chambers Annual Totals $1,251,122.00 $403,837.001 $526,000.001 $956,000.00 $2,025,964.00 Water Utility Fund Capital Improvement Plan FY2023-2027 FY2024 Capital FY2025 Capital FY2026 Capital FY2027 Capital Request Title FY2023 Capital CostCosts Costs Costs Costs Department Request Owner WTP Upgrades and Energy/Resource Improvements $5,650,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Water Main Replacement Program - WM-3 -Jupiter in the Pines (South) $3,645,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Water Main Replacement Program - WM-2 - Beach Road - Phase 2 $1,785,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Surficial Well Replacement- Well No. S18 $612,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Filter Media Replacement $450,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond County Line Road Bridge WM & RWM Relocations $152,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond WTP Train #2 Membrane Replacement (Installed in 2009) $128,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Surficial Well Replacement- Well No. S20 $128,000.00 $624,000.00 $0.00 $0.00 $O.00Water Hammond WTP Train #1 Membrane Replacement (Installed in 2011) $128,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Recoat Ground Storage Tanks $102,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Water Main Replacement Program - WM-17, 18, 19 - Fire Flow Improvements $74,000.00 $739,000.00 $0.00 $0.00 $O.00Water Hammond Surficial Well Rehabilitation $51,000.00 $52,000.00 $53,000.00 $54,000.00 $55,000.00Water Hammond Water Main Replacement Program - WM-5 - Country Club Drive North $50,000.00 $4,162,000.00 $0.00 $0.00 $O.00Water Hammond Replace Vehicle UD65 (2011) -Water Distribution Full-size Pickup w/Utility Storage $38,000.00 $0.00 $0.00 $0.00 $O.00Water Hammond Replace Vehicle UD69 (2015) -Water Distribution Full-size Pickup w/ Utility Storage $0.00 $0.00 $0.00 $0.00 $41,000.00Water Hammond Replace Vehicle UD62 (2015) -Water Treatment Heavy Duty Pickup w/ Lift $0.00 $0.00 $0.00 $0.00 $50,000.00Water Hammond Concentrate Disposal Relocation for FDOT Jupiter Federal Bridge Replacement $0.00 $375,000.00 $0.00 $0.00 $O.00Water Hammond Water Main Replacement Program - WM-8 - Riverside Drive $0.00 $0.00 $0.00 $156,000.00 $1,550,000.00Water Hammond Water Main Replacement Program - WM-7 -Anchorage Point Neighborhood $0.00 $0.00 $0.00 $128,000.00 $1,259,000.00Water Hammond WTP Train #3 Membrane Replacement (Installed in 2011) $0.00 $130,000.00 $0.00 $0.00 $O.00Water Hammond Replace Vehicle UD61 (2014) -Water Treatment Full-size Pickup $0.00 $0.00 $0.00 $37,000.00 $O.00Water Hammond Replace Vehicle UD67 (2014) -Water Distribution Full-size Pickup w/Utility Storage $0.00 $0.00 $0.00 $40,000.00 $O.00Water Hammond Replace Vehicle UD66 (2013) -Water Distribution Full-size Pickup w/Utility Storage $0.00 $0.00 $39,000.00 $0.00 $O.00Water Hammond Replace Mini-Excavator(2008) $0.00 $41,000.00 $0.00 $0.00 $O.00Water Hammond Replace Vehicle UD58 (2003) - Electrician Work Van $0.00 $46,000.00 $0.00 $0.00 $O.00Water Hammond Floridan Well Rehabilitati $0.00 $0.00 $0.00 $162,000.00 $O.00Water Hammond Annual Totals $12,993,000.00 $6,169,000.00 $92,000.001 $577,000.00 $2,955,000.00 Storm Water Fund Capital Improvement Plan FY2023-2027 FY2023 Capital FY2024 Capital FY2025 Capital FY2026 Capital FY2027 Capital Request Title Cost Costs Costs Costs Costs Department Request Owner El Portal Stormwater Project $300,000.00 $0.00 $0.00 $0.00 $O.00Storm Water Hammond Stormwater Pipe Lining $52,000.00 $53,000.00 $54,000.00 $55,000.00 $O.00Storm Water Hammond Stormwater Pipe Replacements $26,000.00 $26,000.00 $27,000.00 $27,000.00 $28,000.00Storm Water Hammond Swale Restoration $26,000.00 $26,000.00 $27,000.00 $27,000.00 $28,000.00Storm Water Hammond Dover Ditch Bank Restoration $0.00 $172,000.00 $0.00 $0.00 $O.00Storm Water Hammond Annual Totals $404,000.001 $277,000.001 $108,000.001 $109,000.001 $56,000.00Storm Water Hammond Next Steps An Annual Balanced Budget ■ All General Fund related departments will be asked to prepare on-going budget reduction scenarios for consideration. ■ Departments funded outside of the General Fund will be adjusted as necessary to remain within thei r f u nd i ng sou rces ■ Palm Beach County Property Appraiser to certify taxable values by July 1. ■ Florida Department of Revenue to release state-shared revenue estimates late- June to mid-July. ■ Village Council will set the maximum Millage Rate to be used first meeting in July. This rate cannot be exceeded and must be filed by early August for the TRIM (Truth in Millage statutes). Continued Consideration ■ Economy ■ Operational Cost ■ Property Insurance ■ Job Market ■ Employee Salaries ■ Employee Benefits ■ Police Pension Contribution will increase by 50% ■ Legislative ■ Unfunded Mandates ■ Capital Needs ■ Surtax as it reads will sunset in 2026 ■ Additional funds needed for roads ■ Develop Remembrance Park Public Hearing (January- February) Tentative Dates: The budget calendar is distributed to the departments. September 8, 2022 September 15, 2022 (September) -First public hearing adopting a (March -April) tentative millage rate and budget. Departments develop their operating FY 2022/23 Budget Calendar budget requests and five-year capital -Second public . . Got a final improvement plan is updated. millage rate and budget. (June - August) (May) -Village Manager submits the proposed budget to Village Council. Departments meet with the Village Manager. -Village Council holds workshops. Impact of Millage Reduction Millage Reduction $(200,000) $(400,000) $(600,000) $(800,000) $(1,000,000) $(1,200,000) $(1,400,000) $(1,600,000) Reduction 1.0000 Reduction 0.5000 Reduction 0.2500 Reduction .1 ■ Millage Reduction $(1,459,616) $(729,808) $(364,904) $(145,962)