HomeMy WebLinkAboutResolution_45-17_09/27/2017 RESOLUTION NO. 45-17
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, ADOPTING ITS FINAL BUDGET FOR FISCAL
YEAR 2017-2018; PROVIDING THAT THE BUDGET HEREBY
ADOPTED MAY BE ADJUSTED OR MODIFIED BY SUBSEQUENT
RESOLUTION OF THE VILLAGE COUNCIL, OR OTHERWISE, UNDER
CERTAIN CIRCUMSTANCES; PROVIDING AN EFFECTIVE DATE;
AND FOR OTHER PURPOSES.
WHEREAS,The Village of Tequesta has established its fiscal year to begin on October lst
of each year and end on September 30th of the following year; and
WHEREAS, Section 166.241(2), Florida Statutes, requires each municipality to adopt a
budget each fiscal year by ordinance or resolution, unless otherwise specified in the respective
municipality's Charter; and
WHEREAS, the Charter of the Village of Tequesta is silent with regard to method of
adoption of the budget and the Village Council desires to adopt its budget by resolution; and
WHEREAS, the Village of Tequesta has held the required budget hearings in accordance
with Chapter 200, Florida Statutes; and
WHEREAS, having considered the estimates of revenues and expenses, it is the will and
desire of the Village Council that the final budget be approved and adopted as set forth herein.
NOW,THEREFORE,BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, FLORIDA, THAT:
Section 1: The Village Council of the Village of Tequesta, Florida, hereby adopts its
budget for fiscal year 2017-2018; which budget is attached hereto as Exhibit "A" and made a part
hereof as if fully set forth herein.
Section 2: The 2017-2018 Budget establishes limitations on expenditures by total.
Appropriations for expenditures within a fund may be increased or decreased by motion recorded
in the minutes provided that the total of the appropriations of the fund is not changed. The
governing body may establish procedures by which the designated budget officer may authorize
certain budget amendments within a department provided that the total of the appropriations of the
department is not changed.
Section 3: Amendments other than those delineated in Section 2 above must be
adopted by resolution.
RESOLUTION
45-17
MOTION
Vice -Mayor Frank D'Ambra
SECOND
Council Member Vince Arena
VOTE
FOR
ADOPTION
AGAINST
ADOPTION
ABSENT
Mayor Abigail Brennan
❑✓
Vice -Mayor Frank D'Ambra
Council Member Vince Arena
Council Member Steve Okun
Council Member Tom Paterno
The Mayor thereupon declared the Resolution duly passed and adopted on 9/27/2017
MAYOR OF TEQUESTA
ATTEST:
4N&� mv�L-U--iam_
Lori McWilliams, MMC GOF;NO
Village Clerk
SEAL
` INCORPONjej)
Section 4: The Village Clerk shall mail a copy of this resolution to the Palm Beach
County Property Appraiser, to the Palm Beach County Tax Collector, and to the State of Florida,
Department of Revenue within three (3) days after its adoption.
Section 5: The Village Clerk shall, within thirty (30) days of the effective date of this
resolution, certify to the State of Florida, Department of Revenue that the Village has complied
with all statutory requirements in adopting the millage rate and budget. The Village Clerk shall
transmit to the Department a copy of this resolution, a copy of the certification of value showing
the rolled-back rate and proposed millage rates as provided to the Property Appraiser and a
certified copy of the published advertisement of the final budget public hearing.
Section 6: The adopted budget shall immediately be posted conspicuously on the
Village of Tequesta website.
Section 7: This Resolution shall take effect immediately upon its adoption by the
Village Council.
BUDGET SUMMARY
Village of Tequesta-Fiscal Year 2017-2018
*THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE VILLAGE OF TEQUESTA ARE 3.5%
MORE THAN LAST YEARS TOTAL OPERATING EXPENDITURES.
General fund 6.2920
ESTIMATED REVENUES GENERAL CAPITAL CAPITAL WATER REFUSE 8 STORMWATER SPECIAL LAW TOTAL ALL
FUND IMPROVEMENT PROJECTS UTILIN RECYCLING UTILITY ENFORCEMENT FUNDS
Taxes: Millage Per$1000
Ad Valorem Taxes 6.2920 6,445,100 6,445,100
Sales and Use Taxes 1,487,300 1,487,300
Franchise Fees 460,000 460,000
Licenses and Permits 516,000 516,000
Intergovernmental Revenues 861,200 861,200
ChargesforServices 1,175,950 5,316,100 484,000 375,300 7,351,350
Miscellaneous Revenues 260,700 17,000 277,700
Intragovernmental Services 577,300 577,300
Unrestricted Investment Earnings 5,500 8,500 14,000
Other Financing Sources 34,500 34,500
TOTAL SOURCES $11,789,050 $0 $0 $5,376,100 5484,000 5375,300 $0 $18,024,450
Transfers In $540,100 $200,000 740,100
Fund Balances/Reserves/NetAssets $837,150 $49,900 $883,450 $15,400 $340,400 2,126,300
TOTAL REVENUES,TRANSFERS 8 BALANCES $12,626,200 5590,000 $200,000 $6,259,550 5499,400 $715,700 $0 $20,890,850
EXPENDITURES
General Government 2,193,250 2,193,250
Public Safety 6,847,850 6,847,850
Physical Environment 5,709,250 499,400 703,300 6,911,950
Transportation 1,597,500 590,000 2,187,500
Leisure Services 728,600 200,000 928,600
Debt Service 505,100 528,300 12,400 1,045,800
Other Financing Uses 13,800 22,000 35,800
TOTAL EXPENDITURES S11,886,700 5590,000 5200,000 56,259,550 5499,400 5715,700 a0 520,150,750
Tra�sfers Out $740,100 740,100
Fund Balances/Reserves/Net Assets 0
TOTAL APPROPRIATED EXPENDITURES $12,626,200 5590,000 5200,000 56,259,550 5499,400 3715,700 $0 $20,890,850
TRANSFERS,RESERVES&BALANCES
The tentative,adopted,and/or final budgets are on file in the office of the above referenced taxing authority as a public record.