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Home My WebLink AboutPresentation_Workshop_7/22/2025 (2)26 - Fiscal Year 2025 - July 22, 2025 Budget Workshop of as plan, wellquality Budget range as the a the strategic of Proposed increase document, 26 - providing to priorities, of 2025 management strive planning goal a Year the effective year Fiscal guide, . continually with Village and the fiscal we alike the in as budget efficient visitors coming management to the a included the andadvancing Budget Review as residents, for to while serve residents developed commitment will roadmapservices a . our staff resources, for recommendations Budget vision life financial OuraVillageimportantofTherepresentmanyand Objectives: 2 Budget Review Strategic Initiatives in FebruaryBudget Process Begins in MarchBudget Workshop June 16Budget Workshop July 22Budget Workshop (TBD if necessary)Budget Hearing September 4Final Budget Hearing September 11 Key Dates Future Meetings: 3 Homesteaded property - A significant portion of the No Planned Millage Rate IncreaseOverall Increase of 8.4% in the taxable values. increase is due to new construction/other property sales (selling resets the Save Our Home Exemption).Homesteaded property is limited to 2.9% CPI More than 61% of Village Residential units have the homestead protection.Nonis limited to a 10% increase.Commercial property is limited to a 10% increase. 2025 21.549220.929320.443120.162221.025120.806420.632020.090819.493919.3500 2024 Total Millage Rate 2023 2022 2021 15.257214.637314.151113.870214.396114.177414.003013.461813.034412.8905 Last Ten Fiscal Years All Other Taxing Authorities 2020 All Other Taxing Authorities 2019 VOT Millage Rate 2018 6.29206.29206.29206.29206.62906.62906.62906.62906.45956.4595 2017 Millage Rate History VOT Millage Rate 2016 FY 2016201720182019202020212022202320242025 5.0000 0.0000 15.0000 10.0000 25.0000 20.0000 4 ($32,809). $64,069. - $59,108. $31,260: - - $31,260: ($52,848). - $25,000 - 26 - FY 2025 year celebration - from 1st Workshop Significant Budget Changes Increase in assessed valuation July 1, 2025 Contractual Decrease Emergency Services for JIC Decrease Personnel Expenditures Increase for 250Increase in Allocation to Fund Balance Increase in General Fund Revenues, net Increase in General Fund Expenditures, net 5 6 $20,831: - 20,831: $ - 20,831. $ $4,490. - $20,831. - - $4,490. - 4,490: $ - $4,490. - 26 - FY 2025 from 1st Workshop Significant Budget Changes Increase Appropriated Fund Balance Increase Personal Services Decrease Appropriated Fund Balance Decreased Allocate to Fund Balance Increase in Building Fund Revenues Increase in Building Fund Expenditures Decrease in Special Law Enforcement Revenues Decrease in Special Law Enforcement Expenditures 6 All Funds Budget Summary , 0 & % . to 4 251 the . 625and - ,$ total costs ( Public Safety11 capital in 333 expense , 2024 in proposedproposed 26 4 - for $costs employees) represented Public - to transfers FY personal improvements proposed 2025plus in fund non increased & due CWA increases to . personal increases FYexpenditures personalAlso over in old and Fund represents & & due . project mainly salaries million), increases . K)) million) actual to 0 0 .. 21400550 $$$$ ProposedBudgetincreasemainlyactualsalariesmillion)capitalinfrastructure(GeneraldueandSafety(increase(includessalary(capital( 7 Wages $9,033,889 733,695 , 21 Operating $2,670,385 - $ Expenditures Salaries & Employee Benefits $4,352,581Operational Expenditures $5,180,614Capital Outlay $22,000NonDebt Service $474,226 42% Salaries & Wages Proposed Expenditures 2% 20% Debt Service Employee Benefits 12% operating - Expenditures Non 24% Operating Expenditures General Fund 0% Capital Outlay 8 Proposed Remembrance Revenues General Property Taxes $13,628,196Other Taxes $1,524,000Franchise Fees $608,264Intergovernmental $1,095,631Charges for Services $1,902,230Miscellaneous Other $507,167Indirect Costs $1,068,207Use of Reserves $1,400,000 Park Phase II . 733,695 , 21 $ 63% Taxes General Property 5% Proposed Revenues Indirect Costs 9% Services Charges for 2% Misc. Other 7% Other Taxes 5% General Fund 6% Revenue 3% Intergovernmental Use of Reserves Franchise Fees 9 General Fund Fund Balance History ARPA Funds removed from calculations ($938K in FY 2022). Budget Adopted Proposed Budget - @ B P 10 11 family - single $600,416 Medianhome taxable value. Impact of Millage Rate Proposal 11 $- No 6.4595 Reduction $13,626,196$13,626,196 Mill 6.4000 (.0595) $(125,514) $13,626,196$13,500,682 6.2595 (.02) Mill $(421,896) $13,204,300 $13,626,196 6.1595 (0.3) Mill $(632,845) $12,993,351 $13,626,196 6.0373 Roll Back (.422) Mill $(890,623) $12,735,573 $13,626,196 Ad Valorem Tax Reduction Scenarios 0.0000 8000000.00004000000.00002000000.0000 6000000.0000 -2000000.0000 12000000.0000 16000000.000014000000.000010000000.0000 Millage Current Ad Valorem TaxesAd Valorem TaxesReduction Axis Title 12 $499,323 - Fund 101 $788,573 - $1,287,896 - Operating Expenditures Personal Services Building Fund Building permit fees budgeted at $698,000 Interest Earnings $25,000Proposed usage of $564,896 in fund balance reserves Expenditure Breakdown: FY2025/2026 Budget 13 14 Unassigned Fund Balance Projected Fund Building 14 851,353 608,176 243,177 1,251,805 FY2025E 728,931 500,852 228,079 1,001,704 FY2024 842,019421,009 631,150 1,052,159 FY2023 Fund 101 383,195 766,390 832,828 449,633 FY2022 Building Fund Expenditures Estimated - E Expenditures less Capital 15 DescriptionAmount Over/(Under) Fund Balance Target 26 - Trust FY 2025 Budget: $140,138 Special Law Enforcement 26 - FY 2025 Capital Projects Budget: $2,592,500 Other Governmental Funds 26 - FY 2025 Budget: $989,544 Capital Improvement 16 Year Capital Improvement Program - 5 17 18 18 19 19 20 - $135,000. 21 - $854,544. 26 Budget - - Year Tequesta 5 Bridge Improvement Plan Transfer to Stormwater Fund for necessary projects ½ of Utility Tax Revenue Infrastructure Sales Tax Sunsets on December 31, 2025. FY 2025$989,544: 301 Fund Utility Tax) Capital Improvement (Surtax Fund & 21 - . - - - 22 $170,000 - $250,000. - Year Roadway CIP Year CIP Sidewalk -- Remembrance Park Phase 2 $1.3 millionFive$710,000.FiveImprovements Tequesta Park Maintenance FacilityOld Dixie Improvements $100,000. FY2025/2026 Budget $2,592,500: 303 Fund Capital Project 22 23 26 Budget: - $836,600 FY 2025 Stormwater Utility Fund 26 Budget: - type Activities) $634,007 - FY 2025 Refuse & Recycling Fund Enterprise Funds (Business 26 Budget: - $21,764,077 Water Utility Fund FY 2025 23 - 24 $7,300,000. - $21,764,078: - $1,125,000. $660,000. - - Rate Increase of 3.5%Water Treatment Plant (WTP) Upgrades and Energy/Resource Improvements WTP Membrane Replacement Program Water Main Replacement Program Ph2 Beach Rd.$4,700,000.Relocation of Concentrate Disposal FY2025/2026 Budget 401 Fund Water Utility 24 25 25 26 $776,859: - mandated expenses, - Waste Management (WM) Recommending increasing annual assessment by 8.38% ($19.56/year) or ($1.63/month) per residential class dwelling unit. increased rates by 4.88% Solid Waste Franchise Agreement, recommending increasing an additional 3.5% for stateand PBC collection expenses. FY2025/2026 Budget 402 Fund Refuse & Recycling 26 Jupiter Inlet Colony** - auto carts $41.52 Westlake - auto carts $38.01 PBC SWA zone 6 - auto carts $38.01 Gulf Stream $37.86 Loxhatchee Groves - auto carts $37.50 Atlantis - Side Door $36.21 PBC SWA zone 5 - auto carts $30.92 PBC SWA zone 2 - auto carts $29.50 Highland Beach - auto carts $27.76 The chart does not represent rates prior to October 1, 2024 South Bay - auto carts $27.44 Lantana $26.60 PBC SWA zone 1 - auto carts $23.42 Glen Ridge - auto carts $23.36 Cloud Lake - auto carts $23.36 Town of Jupiter - auto carts $23.16 Haverhill $22.38 Ocean Ridge - side door $21.66 Proposed Village of Teqeusta $21.08 Average $23.50 West Palm Beach $20.45 2025 Collection Contracts - Town of Juno Beach - auto carts $20.17 City of Riveria Beach - auto carts $19.95 2024 - Hypuloxo $19.81 Palm Springs $19.08 Residential Rate Palm Beach Shores - auto carts $18.90 Lake Clarke Shores - auto carts $18.82 Rate Comparison Greenacres - auto carts $18.81 Welington - auto carts $17.60 City of Delray Beach - auto carts $17.28 Mangonia - auto carts $16.46 Royal Palm Beach - auto carts $16.41 PBC SWA zone 4 - auto carts $16.41 strac otua - 3 enoz AWS CBP $16.17 Village of Tequesta - auto carts $15.99 City of Boca Raton - auto carts $15.24 South Palm Beach $14.10 Palm Beach Gardens $12.03 27 $5.00 $0.00 $35.00$15.00 $10.00 $30.00 $45.00$25.00 $20.00 $40.00 - - 28 $714,000: - Family Residents. - Rate Increase of 5% which Equates to $0.57/Month for 68% of SingleTransfer of ½ Utility Tax estimated to be $135,000 to fund needed improvement to the stormwater system.3 Swale Reclamation Projects$100,000.Stormwater Pipe Maintenance $100,000. FY2025/2026 Budget 403 Fund Fund Stormwater 28 29 Ending the lease Purchasing three new Police Cruisers program.Purchasing new Utility vehicles 26 - Fund FY 2025 Budget: $1,048,111 Vehicle Replacement Purchasing a new Building Safety Vehicle New Proposed Vehicle Replacement Fund Purchasing a new RescuePurchasing a new command Vehicle 29 30 30 31 thirds vote of the governing body, rounding - Two Simple majority vote of the governing body will Unanimous vote of the governing body. 6.9406 - Budget Decision Point P. - 1). - Millage Rate up to 6.3096 suffice.Millage Rate 6.3097 up (4Millage Rate over 6.9406 Millage Rate requiring Referendum vote of the residents not specified in the DR 420MM During the July 10, 2025, Village Council Meeting the Village Council set the maximum Millage Rate at 6.4595. Also, Council set the public Budget Hearings on September 4, 2025, and September 11, 2025.Village Council will need to approve a fixed Millage Rate for the Budget Hearing based upon the following legal requirements. 31 at - grant agreement - pdated U - CIP $103,000. 2026 Fund phase We have committed 50% of our Water Increased 13% with opener FY25. CWA Negotiating. Top Priorities Fund Planning Phase 2 Planning We have $250K set aside in CIP, expecting $340,000K from the State We continue to fund large increases for Employee Healthcare. This We have accounted for roads and sidewalks from the GF ongoing. This year Time Expenditure). 2027, PBA Negotiating - - Identify additional CIP funding we are dedicating 21% of Revenue (Water) = Employee retention and recruitment year, estimated 12% = est. $275,000 increase. We have included in the budget competitive wages: 5% NonUnion, IAFF negotiated 2025Education Reimbursement Program Ongoing. Consider Remembrance Park Phase 2 two from GF Reserves. (One Provide additional match funding to the State appropriations for Tequesta Park 1. June Council meeting. Awaiting execution.of Florida as matching revenue. 2.3. Enhance the resilience of Stormwater through funding and upgrades.Utility Tax = $135,000 for Stormwater Maintenance. 4.5. Estimated flyers for bus stops, COPs distribution. , Actively tracking these stops/calls. Education at Public - bikes - Top Priorities $30,000 (Utilities) funded for Facility Analysis/Space Plan. Have included $880,000 included in CP for Roads and Sidewalks for FY 2026. - - Improvements and Maintenance to Constitution Park ($25,000) and Tequesta Park - Year Road and Sidewalk Plan - Continue education toward policy on golf carts and eExpand tree planting efforts Develop Future Master Facilities Plan the Parks Maintenance Facility to be located at Tequesta Park with included temporary facilities $250,000 in CIP. Building and PD will be housed in Station 11 for utilization (Building Fund and 605). $120,000 Bridge Road Facility Improvements and park improvements. ($22,000). Improvements to Linear Trail with Beautification $100,000. forum, Friday News, Smoke Signals, Biker Safety Video, Bike Helmet giveaway expand our tree planting efforts. We will also be planting along Old Dixie as part of a beautification effort. 6.7. Fund 158.9.10. $100,000 CIP. - expected to finish our Mobility plan in - Expected to finish our Mobility plan in July or August. $100,000 CIP. Top Priorities Improve Old Dixie and Beautification - Level Transportation Plan and Mobility - 11. Implement Impact Fees for Development We will engage a consultant to recommend Impact fees. 12. Improve Village Gateways 13. Beautification of Old Dixie 14. Application of HighSeptember. We will engage a consultant to recommend Impact fees. Budgeted $60,000 - We had a public workshop $200,000 reimbursable grant funded with 850,000 in CIP for necessary bridge maintenance $ - WM #1 Bid, WTP project Bid, Dover Ditch Bid. Update Connection Control Compliance Other Priorities Consider the policy for CrossFund Tequesta Bridge Future Maintenance and cleaning. Establish a Safe and Quiet Railroad Crossing matching revenue. Utility Project timeliness and reporting provided to Council and on our site for full transparency. Improve Communication with the Development Community 1.2.3.4.5. 36 Questions 37 Questions Begin March and April after Phase 1 is analyzed by staff - Estimated 1.3M Rememberance Park Phase 2 Planning Stage $106,000 Construction