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HomeMy WebLinkAboutDocumentation_Regular_Tab 04_1/11/2024 Agenda Item #4. Regular Council STAFF MEMO Meeting: Regular Council - Jan 11 2024 Staff Contact: Jay Hubsch Department: Community Development Consider Approval of the Annual Report of the Village Infrastructure Surtax Citizen Oversight Committee . - The Village's Planning and Zoning Board holds an annual meeting as the Infrastructure Surtax Citizen Oversight Committee. The Committee is tasked with reviewing the Village's yearly surtax expenditures. At their December 19, 2023, meeting, the Planning and Zoning Board, sitting as the Infrastructure Surtax Citizen Oversight Committee voted 5-0 to confirm that the Village's expenditures of surtax funds in Fiscal Year 2023 was proper. Further detail can be found in the attached reports. 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 • - • 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 ATTACHMENTS: AMMME Teguesta Surtax Committee-2023 Report Infrastructure Surtax Cover Letter- 2023 2023 Infrastructure Surtax Expenditures Presentation Page 141 of 428 Agenda Item #4. December 28,2023 Re:Annual Report of the Village Infrastructure Surtax Citizen Oversight Committee Village Council, The Village Infrastructure Surtax Citizen Oversight Committee conducted a public meeting on December 19,2023 to ensure that the Surtax proceeds received by the Vi#age of Tequesta were expended in a manner consistent with Village Council direction, the Florida Statutes,the lnterlocal Agreement,County Ordinance No 2016-032,and the ballot language approved by the voters.This annual report is prepared pursuant to Village Resolution No 11-17, adopted February 9, 2017 to document the results of the Committee's review of surtax expenditures. As provided in advance of and during the public meeting by Jeff Snyder, Finance Director,the Surtax proceeds received by the Village were spent as follows: • Fiscal year ending September 30, 2023:revenues of$603,101 in infrastructure surtax funds received by the Village; • Fiscal year ending September 30,2023:expenditures of 5221,755 for Country Club Road and EY Portal Road drainage improvements and transfer to Stormwater to support El Portal Stormwater improvements. The Village Infrastructure Surtax Citizen Oversight Committee has determined that there have been no expenditures,which are inconsistent with the requirements of Section 212.055 E2}, Florida Statutes, the ballot language approved by the voters,and the Village Council's approved Surtax proceeds expenditures. Respectfutly submitted-by, Leslee Dasher, Chair ViNage Infrastructure Surtax Citizen Oversight Committee Page 142 of 428 Agenda Item #4. Memorandum TO: Village Infrastructure Surtax Citizen Oversight Committee FROM: Jeff Snyder, CPA, Finance Director DATE: December S, 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 Stormwaterto support El Portal Stormwater Improvements 111,030 Totals $ 221,755 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 - - 3,484 347 102 17,825 21,758 Expenditures (693,861) - (312,858) (932,531) (59,112) (221,7SS) (2,220,117) Balance, End of Year $ - $422,754 $518,250 l$ 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 143 of 428 `*y # ■ - } a • It 1 • • � � r R k RY^ I • r r j _ tl . r 1 s *r d1 tl _�L:a v-) o o o-, op r� o CI D G N C LO N N LO ---! 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