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HomeMy WebLinkAboutPresentation_Special Meeting_9/11/2025Required Trim Public Announcements safety salaries and operational cost.The additional ad valorem taxes will be used to cover the increased public back rate is 6.0373 mills.-6.99% greater than the rolledThe proposed operating millage rate necessary to fund the budget is The proposed millage rate is 6.4595.ad valorem tax revenue as prior year, adjusted for new construction.Back rate is the millage rate that would bring the same amount of -RolledThe name of the Taxing Authority is Village of Tequesta.  Village of TequestaSeptember 11, 202526-Fiscal Year (FY) 2025-Budget Hearing Village Council Budget Review 3.visionandplan,strategicpriorities,Council’sVillagetheadvancingwhileresources,manyVillage’stheofmanagementeffectiveandefficienttocommitmentarepresentBudgetProposed26-2025YearFiscalthei nincludedrecommendationsThe.alikevisitorsandresidentsourforlifeofqualitytheincreasetostrivecontinuallyweasresidents,toservicesimportantofrangeaprovidingofgoalthewithbudgetthedevelopedstaffVillageye arfiscalcomingthethroughoutofroadmapfinancialaaswellasdocument,planningaguide,managementaasservewillBudgetOurObjectives: Budget Review 4 Final Budget Hearing September 11Budget Hearing September 4Budget Workshop August 18Budget Workshop July 22Budget Workshop June 16Budget Process Began in MarchStrategic Initiatives in FebruaryKey Dates 20256.459512.890519.350020246.459513.034419.493920236.629013.461820.090820226.629014.003020.632020216.629014.177420.806420206.629014.396121.025120196.292013.856320.148320186.292014.151120.443120176. 292014.489620.781620166.292015.098621.3906FYVOT Millage RateAll Other Taxing AuthoritiesTotal Millage Rate All Other Taxing AuthoritiesVOT Millage Rate Last Ten Fiscal Years-Millage Rate History 202520242023202220212020201920182017201625.000020.000015.000010.00005.00000.0000 5 limited to a 10% increase.Commercial property is increase.property is limited to 10% Homesteaded -Nonhomestead protection.Residential units have the More than 61% of Village limited to 2.9% CPI Homesteaded property is Exemption).resets the Save Our Home property sales (selling construction/other increase is due to new Significant portion of the taxable values.Overall Increase of 8.4% in IncreaseNo Planned Millage Rate Proposed Salary Increases 5%–Represented -Non8%.–IAFF Firefighters the following two years.13 % for budget year however negotiations continue for –PBA Police Officers Proposed Village Employee Salary Increases:26 -FY 2025 Budget Summary 7.K)700$(costsstartupFundReplacementVehicleyear’slasttoduedowntransfersandmillion)2.1$(costspersonal&salariesSafetyPublicinincreasesactualandproposedtoduemainly%2.5increasedFundGeneral •.million)5.1$(projectsreplacement&renewal&K)385$(expenditurescapitalUtilityWatertheinincreasesandmillion)2.1$(costspersonal&salariesSafetyPublicinincreasesactualandproposedtoduemainly25-2024FYoverin crease810,742,1$representsbudgettotal26-2025FYProposed•All Funds- FundFY 2024-25FY 2025-26$ Change% Change General$19,510,206$20,517,331$1,007,1255.2% Building1,251,8051,354,906103,1018.2% Capital Improvement1,216,351989,544-226,807-18.6% Capital Projects1,701,5001,292,500-409,000-24.0% Water Utility21,764,07723,578,4701,814,3938.3% Refuse & Recycling 742,993790,01847,0256.3% Stormwater836,600734,169-102,431-12.2% Special Law Enforcement131,009140,1389,1297.0% Vehicle Replacement1,547,8361,048,111-499,725100.0% Totals$48,702,377$50,445,187$1,742,8103.6% Budget Decision Point 8 P.-DR 420MMMillage Rate requiring Referendum vote of the residents not specified in the •Unanimous vote of the governing body.-Millage Rate over 6.9406 •1).-(4thirds vote of the governing body rounding up -Two-Millage Rate up to 6.9406 •suffice.Simple majority vote of the governing body will -Millage Rate up to 6.3096 •based upon the following legal requirements.Village Council will need to approve a fixed Millage Rate for the Budget Hearing on September 11, 2025.maximum Millage Rate at 6.4595. Also, Council set the final public Budget Hearing During the July 10, 2025, Village Council Meeting the Village Council set the General Fund 9 Debt Service $474,226Operating $1,292,500-NonCapital Outlay $22,000Operational Expenditures $5,309,611Employee Benefits $4,392,618Wages $9,026,376Salaries & Expenditures 2%Debt Service6%Expendituresoperating -Non0%Capital Outlay26%ExpendituresOperating 22%Employee Benefits44%517,331,20$Proposed Expenditures- General Fund 10 Indirect Costs $1,068,207Miscellaneous Other $490,147Charges for Services $1,902,230Use of Reserves $114,791Intergovernmental $1,112,651Franchise Fees $608,264Other Taxes $1,592,845$13,628,196General Property Taxes Revenues 5%Indirect Costs2%Misc. Other9%ServicesCharges for 1%Use of Reserves6%RevenueIntergovernmental 3%Franchise Fees8%Other Taxes66%TaxesGener al Property 517,331,20$Proposed Revenues- Fund Balance History 11 Proposed Budget-P Budget Adopted-B ARPA Funds removed from calculations ($938K in FY 2022).-@ General Fund- DescriptionFY 2022FY 2023FY 2024FY 2025 BFY 2026 P Expenditure Less Capital Expenditures$ 14,599,073 $ 16,007,714 $ 17,169,435 $ 19,501,006 $ 20,495,331 Three Months Expenditures Target 3,649,771 4,001,928 4,292,359 4,875,252 5,123,833 Unassigned Fund Balance at Year End @ 3,437,925 5,769,034 7,240,982 7,995,574 7,939,178 Amount Over/Under Fund Balance Target$ (211,846)$ 1,767,106 $ 2,948,623 $ 3,120,322 $ 2,815,345 Impact of Millage Rate Proposal$600,416 home taxable value.family -singleMedian 12 Impact of Millage Proposal on Village Taxes for a Median Single Family Home with a Homestead Exemption. Village's Taxes per Fiscal Year (FY)FY 2024-25FY 2025-26 Value of Homesteaded Property (2.9% increase YoY)$ 583,495$ 600,416 Less Homestead Exemption 50,000 50,000 Taxable Value of Homesteaded Property 533,495 550,416 Village Millage Rate 6.4595 6.4595 Village Property Taxed Levied$ 3,446.11$ 3,555.41 Difference with Proposed Millage (Savings)$ 109.30 Roll Back (.422) Mill Ad Valorem Tax Reduction Scenarios Axis Title 16000000.000014000000.000012000000.000010000000.00008000000.00006000000.00004000000.00002000000.00000.0000-2000000.0000$-$(125,514) $(421,896)$(632,845)$(890,623)Reduction$13,626,196$13,500,682$13,204,300$12,993,351$12,735,573Ad Valorem Taxes$13,626,196$13,626,196$13,626,196$13,626,196$13,626,196 Current Ad Valorem Taxes6.45956.40006.25956.15956.0373MillageNo Reduction(.0595) Mill(0.2) Mill(0.3) Mill Building Fund 14$75,000-Capital Improvements $786,963-Personal Services $492,943-Operating Expenditures Expenditure Breakdown:Proposed usage of $631,906 in fund balance reserves Interest Earnings $25,000Building permit fees budgeted at $698,000 $1,354,906-FY2025/2026 Budget Fund 101 - Building 15 Unassigned Fund BalanceProjected-Fund DescriptionProjected $ 728,931 Beginning Unrestricted Net Position - 9/30/2024 1,353,158 Operating/Non-Operating Revenues (1,193,923) Operating/Non-Operating Expenses 888,166 Ending Unassigned Fund Balance - 9/30/2025 723,000 Operating/Non-Operating Revenues (1,354,906) Operating/Non-Operating Expenses $ 256,260 Ending Unrestricted Net Position - 9/30/2026 Building Fund Estimated-E Amount Over/(Under) Fund Balance Target 449,633631,150228,079 291,205Unassigned Fund Balance at Year‐end832,8281,052,159728,931888,166Six Months’ Expenditures (Target)383,195421,009500,852596,961ExpendituresExpenditures less Capital766,390 842,0191,001,7041,193,923DescriptionFY2022FY2023FY2024FY2025E 16 Fund 101- Other Governmental Funds 17 Budget: $140,13826-FY 2025 TrustSpecial Law Enforcement Budget: $1,292,50026-FY 2025 Capital Projects Budget: $989,54426-FY 2025 Capital Improvement 5 18 Year Capital Improvement Program- 19 Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs VMware ESXi Host Replacement $50,000 Palo Alto Hardware Refresh & 3Y Support$140,000 BS&A Cloud Migration or Replacement $180,000 Equipment Purchases$22,000$15,000$22,000$15,000 Track and Signal Maint. at Tequesta Dr. RR Crossing $200,000 Replace expiring ballistic plates for officers $23,000 Purchase of Enclosed Trailer$20,000 Stryker Power Loader and Stretcher $75,000 LUCAS Auto Compression Device (2) $45,000 Total General Fund$22,000$310,000$460,000$15,000$0 Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs Tequesta Bridge 5-Year Capital Improvement Plan$71,203 Tequesta Bridge 5-Year Capital Improvement Plan$783,341 Enhancing and Preserving the Tree Canopy$75,000$75,000 Communication Upgrade for Radio System$300,000 New Tasers$113,000 Building Improvements$535,000 Building Improvements $675,000 Building Improvements$727,500$727,500 Equipment and Machinery Replacements $15,000$15,000 Total Capital Improvement Fund$854,544$910,000$788,000$817,500$742,500 20 Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs 5 - Year Road Capital Improvement Program $710,000$710,000$710,000$710,000$710,000 5 - Year Sidewalk Capital Improvement Plan -Sidewalk Infrastructure Enhancements (Pathways/Sidewalks)$170,000$170,000$170,000$170,000$170,000 Constitution Park Playground$1,000,000 Building Improvements$47,500 Old Dixie Improvements$100,000 Storage/Maintenance Facility at Tequesta Park $250,000 Total Capital Projects Fund$1,277,500$880,000$880,000$1,880,000$880,000 Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs Floridan Well Rehabilitation$430,000$459,000$480,000 Surficial Well Rehabilitation$111,000$118,000$125,000$132,000$139,000 Surficial Well Replacements - Wells SA18, and SA20 $1,348,000$1,390,000 WTP 16" Fiberglass Raw Water Main Pipe Replace$175,000 Permanent Relocation- Concentrate Disposal $660,000 Water System Interconnection Improvement $175,000 WTP Upgrades: SCADA & Energy Improvements$7,300,000 WM#2-Ph2-Beach Road Water Main Replacement $4,700,000 WM#5 Country Club Dr. N Water Main Replacement $85,000$2,600,000 Well No. 19 - Surficial Well Replacement $1,225,000 Replace Three Entrance Gates & Enhance Security$70,000 Computerized Maintenance Management System$20,000$70,000$5,000$5,000$5,000 Remote Wellsite PLC upgrades $25,000$120,000 Western Wellfield Raw Water Main Pigging $150,000 Storage Area Roof Kit$35,000 WTP Membrane Replacement Program $1,125,000 WTP RO Building Break Room Small Remodel $25,000 Exterior Painting - Six (6 ) Mixed Media Filters $75,000 Public Services Building - Structural Steel Repairs$47,500 Water Distribution System Valve Replacement Prog$150,000$150,000$150,000$150,000$150,000 Flushing Program (Auto-flushers) - Dead End Mains$50,000$51,000$52,000$53,000$54,000 Total Water Fund$16,373,500$684,000$2,139,000$1,815,000$3,428,000 21 Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs Stormwater Swale Reclamation Projects - (3)$100,000 Stormwater System Maintenance$100,000$110,000$120,000$130,000$140,000 Capital Request2026 Capital Costs2027 Capital Costs2028 Capital Costs2029 Capital Costs2030 Capital Costs Purchase a Boat Lift for the Marine Unit (Machinery/Equipment)$25,000$0$0$0$0 Total Special Law Enforcement Fund$25,000$0$0$0$0 Grand Total per Fiscal Year$18,752,544$2,894,000$4,387,000$4,657,500$5,190,500 Estimated Beginning Balance 10/01/25$ 864,294 Capital Improvement (Surtax Fund & 22 2025.-Sunsets in December 31Infrastructure Sales Tax $135,000.-Utility Tax Revenue for necessary projects ½ of Transfer to Stormwater Fund $854,544.-Improvemen t Plan Year Tequesta Bridge -5 $989,544:-26 Budget -FY 2025301 Fund-Utility Tax) Estimated Cash Inflows: Budgeted Revenues 449,000 Estimated Cash Outflows: Budgeted Expenditures 989,544 Estimated Change in Fund Balance (540,544) Estimated Reserve Ending Balance 9/30/26$ 323,750 Estimated Beginning Balance 10/01/25$ 220,810 Capital Project 23$47,500.-136 Bridge Road Structural Maintenance at $100,000.-Old Dixie Improvements $250,000.-Facility Tequesta Park Maintenance .$170,000-Improvements Year CIP Sidewalk -Five$710,000.--Five$1,292,500:-FY2025/2026 Budget 303 Fund- Estimated Cash Inflows: Budgeted Revenues 1,292,500 Estimated Cash Outflows: Budgeted Expenditures 1,277,500 Estimated Change in Fund Balance 15,000 Estimated Reserve Ending Balance 9/30/26$ 235,810 Estimated Beginning Balance 10/01/25$ 273,900 Special Law Enforcement 24$25,000.-Police Boat Lift $5,000.-Explorers Program.$25,000-Office Furniture$39,160.-Accreditation & Vehicle Lease $45,978.-Personal Expenditures $140,138:-FY2025/2026 Budget Fund605- Estimated Cash Inflows: Budgeted Revenues 131,009 Estimated Cash Outflows: Budgeted Expenditures 140,138 Estimated Change in Fund Balance (9,129) Estimated Reserve Ending Balance 9/30/26$ 264,771 Enterprise Funds 25$734,16926 Budget:-FY 2025 Stormwater Utility Fund$790,01826 Budget:-FY 2025 Refuse & Recycling Fund$23,578,47026 Budget:-FY 2025 type Activities) -(Business Water Utility 26$660,000.-Relocation of Concentrate Disposal$4,700,000.-Beach Rd.Water Main Replacement Program Ph2 $1,125,000.-WTP Membrane Replacement Program $7,300,000.-Energy/Resource Improvements Water Treatment Plant (WTP) Upgrades and Rate Increase of 3.5%$23,578,470:-FY2025/2026 Budget 401 Fund- Est. Beg. Unrestricted Net Position 10/01/25$ 14,895,100 Estimated Cash Inflows: Budgeted Operating /Non-Operating Revenues 10,015,356 Estimated Cash Outflows: Budgeted Operating/Non-Operating Expenses 11,108,533 Change in Capital Assets/Debt Service 5,731,251 Estimated Net Outflows 16,839,784 Estimated Change in Net Position (6,824,428) Est. Ending Unrestricted Net Position 9/30/26$ 8,070,672 Refuse & Recycling 27 collection expenses.3.5% for state mandated expenses, and PBC recommending increasing an additional Waste Franchise Agreement, by 4.88% as detailed in the Village’s Solid Waste Management (WM) increased rates unit.($1.63/month) per residential class dwelling assessment by 8.38% ($19.56/year) or Village Council approved increasing annual $790,018:-FY2025/2026 Budget 402 Fund- Est. Beg. Unrestricted Net Position 10/01/25$ 20,178 Estimated Cash Inflows: Budgeted Revenues$ 790,018 Estimated Cash Outflows: Budgeted Expenditures$ 776,859 Estimated Change in Net Position$ 13,159 Est. Ending Unrestricted Net Position 9/30/26$ 33,337 Stormwater Fund 28$100,000.-Stormwater Pipe Maintenance $100,000.-3 Swale Reclamation Projectsthe stormwater system.$135,000 to fund needed improvement to Transfer of ½ Utility Tax estimated to be Residents.Family -$0.57/Month for 68% of SingleRate Increase of 5% which Equates to $734,169:-FY2025/2026 Budget 403 Fund- Est. Beg. Unrestricted Net Position 10/01/25$ 177,141 Estimated Cash Inflows: Budgeted Revenues 734,169 Less: Appropriated Fund Balance - Estimated Net Inflows 734,169 Estimated Cash Outflows: Budgeted Expenditures 563,153 Less: Change in Capital Assets - Estimated Net Outflows 563,153 Estimated Change in Net Position 171,016 Est. Ending Unrestricted Net Position 9/30/26$ 348,157 New Proposed Vehicle Replacement Fund Purchasing new Utility vehicles Safety VehiclePurchasing a new Building 29 program.Ending the lease -Cruisers Purchasing three new Police Budget: $1,048,11126-FY 2025 FundVehicle Replacement VehiclePurchasing a new command Purchasing a new Rescue 30 Vehicle Replacement Fund Proposed Purchases Replacement VehiclesLife/Yrs.Year AquiredFundAmount Police Patrol Vehicles (3)62021Gen$ 207,000 Rescue Vehicle Fire152009Gen 500,000 Command Vehicle - Fire122011Gen 47,571 Public Works Utility Truck122008Gen 65,000 Public Works Pickup Truck122011Gen 47,250 Public Works Sedan122008Gen 28,000 Building Vehicle62017Building 50,000 Water Utility Trucks (2)122014Water 80,000 Water Utility Sedan122014Water 23,290 Total$ 1,048,111 Questions 31