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; VILLAGE OF TEQUESTA
Post Office Box 3273 • 357 Tequesta Drive
VI •�; Tequesta,Florida 33469-0273 • (407)575-6200
g Fax: (407)575-6203
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TO: Thomas G. Bradford, Villa an g
FROM: Bill Kascavelis, Director of nance
DATE: September 18, 1992, 12: 00 m.
SUBJECT: FY. 93 Budget Revisions
Final revisions made to the FY 93 Budget as a result of the
action taken by Council at the first public hearing held on
September 10, 1992, are as follows: •
General Fund
o FY 92, revenue projections increased $47,835.
o FY 93, transfers to the Capital Improvement Fund
decreased from $120,000 to $100,000, a reduction
of $20,000.
o FY 93, Ad Valorem property taxes decreased from
$2,038,055 to $1,970,200, •a reduction of $67,855.
o ( The revisions made offset the reduction in ad
valorem tax revenues for FY 93)
Capital Improvement Fund
o FY 93, revenue, transfer from General Fund reduced
$20,000.
o FY 93, expenditures reduced $20,000 ( construction
phase of U. S. Hwy 1 and Waterway Road project
scheduled for FY 94)
As a result of the budget revisions noted the tentative
proposed millage rate of 6. 1032 mills has been reduced to 5. 90.00
mills, a ( . 04%) reduction less than the rolled—back millage rate
of 5. 9024 mills.
Respectfully submitted.
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Encl. — Eleven ( 11) copies
o Budget Resolution Exhibit A /^��e
o Annual Budget and Financial Plan l!/
o Supplemental Budget Report 61°
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