HomeMy WebLinkAboutHandouts_Special Meeting_09/18/2014 � �
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FIlV.�NCE DEP<�RT�4IF,NT
DATE: SEPTEMBER 18, 2014
TO: MICHAEL R. COUZZO, VILLAGE MANAGER
CC: MAYOR AND COUNCIL
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: 2014-2015 PROPOSED BUDGET — FINAL BUDGET HEARING
At the last budget meeting the Village Council recommended moving certain items into a`Budget Cost
Savings Account', within each department. These changes will not change the overall fund budget or the
overall department budget, but would rather change the accounts that were funded. Finance contacted the
departments that would see a change, to let them know that the department could solicit the use of the
funds by making a request explaining the need which would require the Council's approval. The following
changes will be made to each department's budget;
1. Human Resources — Transferring $33,207.00 from personnel expenditures into the Budget Cost
Savings Account until the Department determines its staffing needs.
2. Fire — Transferring $11,410.00 from personnel expenditures into the Budget Cost Savings Account
until the department needs the funds to pay for the part time firefighter.
3. Public Works —
a. Transferring $21,724.00 from personnel expenditures into the Budget Cost Savings
Account until the department decides when to fill the position.
b. Transferring $9,246.00 from the Life/Health Insurance Account into the Budget Cost
. Savings Account to record savings resulting from an employee's health insurance election.
4. Leisure Services - Transferring $5,382.00 from personnel expenditures into the Budget Cost
Savings Account until the department needs the funds to pay for seasonal salaries.
These changes will be made following the adoption of the FY 2014-2015 Budget.
Additionally, in the Stormwater Fund #403, the projects that were originally budgeted in one Drainage
Maintenance account have been broken into individual projects under the department, Renewal and
Replacement, for greater transparency.
9/18/145:12 PM _
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BUDGET SUMMARY
VILLAGE OF TEQUESTA - FISCAL YEAR 2014-2015 `
General fund 6.2920
General Capital Water Refuse & Stormwater Special Law
ESTIMATED REVENUES Fund Improvement Utility Recycling Utility Enforcement Total
Taxes: Millage Per $1000
Ad Valorem Taxes 6.2920 5,235,800 5,235,800
Sales and Use Taxes 1,178,600 1,178,600
Franchise Fees 414,000 414,000
Licenses and Permits 377,740 377,740
Intergovernmental Revenues 789,920 789,920
Charges for Services 1,089,876 4,195,800 477,245 318,000 6,080,921
Miscellaneous Revenues 332,923 24,000 356,923
Intragovernmental Services 534,390 534,390
Unrestricted Investment Earnings 17,000 9,500 375 1,100 27,975
Other Financing Sources 60,000 14,000 240,000 314,000
TOTAL SOURCES $10,030,249 $0 $4,243,300 $477,620 $319,100 $240,000 $15,310,269
Transfers In $85,000 85,000
Fund Balances/Reserves/NetAssets $714,990 $22,175 $146,200 $86,040 969,405
TOTAL REVENUES, TRANSFERS &
BALANCES $10,030,249 $85,000 $4,958,290 $499,795 $465,300 $326,040 $16,364,674
EXPENDITURES
General Government 1,700,180 1,700,180
Public Safety 6,170,570 241,000 6,411,570
Physical Environment 4,392,290 499,795 465,000 5,357,085
Transportation 937,860 85,000 1,022,860
Leisure Services 546,080 546,080
Debt Service 433,950 546,800 85,040 1,065,790
Other Financing Uses 13,800 19,200 300 33,300
TOTAL EXPENDITURES $9,802,440 $85,000 $4,958,290 $499,795 $465,300 $326,040 $16,136,865
Transfers Out $85,000 85,000
Fund Balances/Reserves/Net Assets $142,809 142,809
TOTAL APPROPRIATED EXPENDITURES
TRANSFERS,RESERVES & BALANCES $10,030,249 $85,000 $4,958,290 $499,795 $465,300 $326,040 $16,364,674
The tentative, adopted, and / or final budgets are on file in the office of the above referenced taxing authority as a public record.