HomeMy WebLinkAboutDocumentation_Planning and Zoning_Tab 02_12/19/2023 Agenda Item #2.
Infrastructure Surtax Oversight Committee
STAFF MEMO �
Meeting: Infrastructure Surtax Oversight Committee - Dec 19 2023
Staff Contact: Jay Hubsch Department: Community Development
Discussion of the 2023 Village Surtax Expenditure Report
The Village's Planning and Zoning Board holds an annual meeting as the Infrastructure Surtax
Oversight Committee. The Committee is tasked with reviewing the Village's yearly surtax
expenditures.
In 2023, the Village spent $221,755 on three projects: Country Club Road and Drainage, El Portal
Road and Drainage, and a transfer to Stormwater to support El Portal Stormwater improvements.
Further detail can be found in the attached report and presentation.
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.
BUDGET INFORMATION:
BUDGET AMOUNT n/a AMOUNT AVAILABLE n/a EXPENDITURE AMOUNT: n/a
FUNDING SOURCES: n/a IS THIS A PIGGYBACK:
❑ Yes ❑ N/A
DID YOU OBTAIN 3 QUOTES?
❑ Yes ❑ N/A
COMMENTS/EXPLANATION ON SELECTIONn/a
Infrastructure Surtax Cover Letter- 2023 Final
2023 Infrastructure Surtax Expenditures Presentation
Page 5 of 12
Agenda Item #2.
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Memorandum
TO: Village Infrastructure Surtax Citizen Oversight Committee
FROM: Jeff Snyder, CPA, Finance Director
DATE: December 5, 2023
SUBJECT: Infrastructure Surtax Annual Report—Fiscal Year 2022-23
During the fiscal year ended September 30, 2023, The Village elected to use infrastructure surtax funds on the
following qualified expenditures:
Description of Expenditure Amount
Country Club Road & Drainage Improvements $ 97,375
El Portal Road & Drainage Improvements 13,350
Transfer to Stormwater to support El Portal Stormwater Improvements 111,030
Tota I s $ 2211755
Please find below a summary of the revenue and expenditures to date as of September 30, 2023:
Fiscal Year Past Years 2019 2020 2021 2022 2023 To Date
Taxes Received $693,861 $422,754 $404,870 $473,106 $568,037 $603,101 $3,165,729
Investment Income - - 31484 347 102 17,825 21,758
Expenditures (693,861) - (312,858) (932,531) (59,112) (2211 755) (2,220,117)
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Balance., End of Year $ - $422,754 $518,250 $ 59,172 $568,199 $967.370 $ 967,370
If you have any questions, please do not hesitate to contact me at 561.768.0424.
cc: Jeremy Allen, Village Manager
Jay Hubsch, Community Development Director
Doug Chambers, Director of Public Works
Page 6 of 12
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