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Home My WebLink AboutDocumentation_Regular_Tab 14_7/14/2022Agenda Item #14. Regular Council STAFF MEMO Meeting: Regular Council - Jul 14 2022 Staff Contact: Jeremy Allen, Village Manager Department: Utilities RESOLUTION NO. 20-22, A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, ADOPTING THE STORMWATER UTILITY FEES FOR FISCAL YEAR ENDING SEPTEMBER 30, 2023 AND AUTHORIZING THE VILLAGE MANAGER TO PROCEED IN ACCORDANCE WITH THE VILLAGE'S ADOPTED PROCEDURES; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES The Village is one of approximately 170 local governments in Florida that have an established Stormwater Utility pursuant to Chapter 403, Florida Statutes. The Stormwater Utility is responsible for operation and maintenance of the Village's stormwater infrastructure as well as compliance responsibilities under the Palm Beach County Municipal Separate Storm Sewer System (MS4) National Pollution Discharge Elimination System (NPDES) program (http://www.pbco-npdes.orq,). The Stormwater Utility is funded through an enterprise fund deriving revenues through anon -ad valorem assessment on the annual tax role. The Stormwater Enterprise Fund is run on a business model and follows Governmental Accounting Standards Board (GASB) accounting standards. Revenues collected through the non -ad valorem assessment are used to fund personnel (1.7 FTE's), operation &maintenance (O&M) and capital costs along with an annual transfer to the General Fund. While personnel and O&M costs have remained relatively stable, capital costs have been abnormally high in recent years as long -deferred renewal and replacement of existing infrastructure has failed at increasingly rapid rates. As a result, over $1,400,000 of capital projects have been completed through the Stormwater Enterprise Fund over the past 3 fiscal years. These needed investments into failing stormwater infrastructure have depleted the fund reserves below the target minimum. Rebuilding the fund's reserves will need to be a priority over the next several years. In addition, further capital investments are required to continue deferred infrastructure renewal and replacement that are important to maintain the functionality of the stormwater system and reduce risk to the community. As a result, a revised schedule of fees (Exhibit A to the resolution) is proposed to achieve these goals while remaining cost-effective and competitive to other communities. The proposed schedule of fees includes an increase of 5% for Fiscal Year 2023 resulting in an annual increase of $3.89 ($0.32/month) for the base residential rate. A detailed presentation of the fund's revenues and expenses is attached. This document and any attachments may be reproduced upon request in an alternative format by completing our Accessibility Feedback Form, sending an e-mail to the Village Clerk or calling 561-768-0443. Page 398 of 524 Agenda Item #14. PROJECT NAME: BUDGET: N/A ENCUMBERED: N/A Proposed: N/A Projected Remaining: N/A Approve Resolution 20-22 adopting revised schedule of stormwater rates. Resolution 20-22 - Stormwater Fees.ada 2022.06.27.Council Presentation Stormwater 6-27-22 Village of Teguesta Unrestricted Net Position Page 399 of 524 Agenda Item #14. The following documenti*s presented in a non= ADA compliant format. Please contact the Village Clerk's office if you would like to receive an ADA compliant version of this document. Page 400 of 524 Agenda Item #14. RESOLUTION NO. 20-22 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, ADOPTING THE STORMWATER UTILITY FEES FOR FISCAL YEAR ENDING SEPTEMBER 30, 2023 AND AUTHORIZING THE VILLAGE MANAGER TO PROCEED IN ACCORDANCE WITH THE VILLAGE'S ADOPTED PROCEDURES; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, the Village Council of the Village of Tequesta is required to annually set sufficient levels of Stormwater Utility fees to ensure adequate revenues are generated; and WHEREAS, the Village Council adopts the annual stormwater utility rates as specified in the attached "Exhibit A" for fiscal year ending September 30t", 2023; and WHEREAS, the Fiscal Year ending September 30t", 2023 rates represent a 5% increase from the prior year; and WHEREAS, the stormwater rates are to be adopted by resolution and transmitted to the Palm Beach County Property Appraiser as part of a uniform method of assessment of these rates by the Village of Tequesta; NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: SECTION 1, The Village Council of the Village of Tequesta hereby adopts the rates attached to this Resolution as "Exhibit A" to be effective October 1st, 2022 for the fiscal year ending September 30t"1 2023 and authorizes the Village Manager to proceed on behalf of the Village in order to provide for their uniform assessment. SECTION 2. This resolution shall become effective immediately upon adoption. PASSED AND ADOPTED by the Village Council of the Village of Tequesta this 14t" day of July, 2022. Page 401 of 524 NAV Luut 0046001A 0046001B 0046001C 0046001D 0046002 0046003 0046004 0046005 0046006 0046007 0046008 VILLAGE OF TEQUESTA PROPOSED STORMWATER FEES FOR FISCAL YEARS ENDING 9/30/2023 "EXHIBIT A" FORMULA RATE ry FNniNr; NAV TYPE NAV DESCRIPTION MINIMUM MAXIMUM CURRENT 9 30 23 SFH Tequesta SFH area A 1 2506 $ 77.8635 $ 81.7567 SFH Tequesta SFH area B 2507 4621 $ 119.7901 $ 125.7796 SFH Tequesta SFH area C 4622 8198 $ 155.7271 $ 163.5135 SFH Tequesta SFH area D 8199 $ 239.5804 $ 251.5595 CON Tequesta Condo $ 80.2593 $ 84.2723 MFH Tequesta MFH $ 100.6236 $ 105.6548 COM Tequesta COM (area/3576) $ 0.03349823 $ 0.03517315 GOV Tequesta GOV (area/3576) $ 0.03349823 $ 0.03517315 IND Tequesta IND (area/3576) $ 0.03349823 $ 0.03517315 MH Tequesta MH (area/3576) $ 0.03349823 $ 0.03517315 VAC Tequesta VAC $ - $ - Page 402 of 524 0 Agenda Ite,� U 0 � O I� c o 0� � o � 0 r-I O; N O O O ' O O r-I If) cD N Ln fT O a o o N m N 00 m ON 0 0 00 0 O O O O O O' O � O O O O O O N O 00 r-I O O 0) N r-I N Ln 00 V)- m Ln W m Lr) N (.0 qt -tn r-I r-I r-I -V)- N r-1 m ' ' qqr r*-.. 00 Ln N 00 rl O Ln LM 0) N O O kJO m m 00 m N Ln 000 00 00 i1h O N 00 qj)- m 00 0000 0 M O V) LL Ln buo _0 LL 4-J — w a� V V) 4� O v) > V) � — LL V Li p[ Q ca H y W bi a--+ O L t2 c 06 j c6 O U oC CO oc — a M U _N � � a-J O H Q W m C H 403 of 524 StormwaterFund403 ProjectedUnrestrictedNetPostionforFY202122 Columndoesn'taddup OldColumnwithResults ActualResults:PowerPointasCorrectCalculationsforCorrected PresentedNumbersasPresentedFY202122 UnrestrictedNetPosition9/30/20$980,204$980,204$980,204 Operating/NonoperatingRevenues466,769466,769466,769 Operating/NonoperatingExpenses(424,732)(424,732)(392,359) ChangeinnetinvestmentinCapital(940,841)(940,841)(1,073,214) UnrestrictedNetPosition9/30/2021(18,841)81,400(18,600) Projections:ProjectedACFR*ProjectedACFR*ProjectedBudget ResultsResultsResults Operating/NonoperatingRevenues883,768883,768804,065 Operating/NonoperatingExpenses(430,840)(430,840)(774,510) ChangeinnetinvestmentinCapital(404,000)(404,000)0 EstimatedUnrestrictedNetPosition9/30/22$30,328$130,328$10,955 *ACFRisusingtheAnnualComprehensiveAnnualFinancialReportStructure,differentfromthebudgetwhichismorecashflow.