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VILLAGE OF TEQUESTA
Post Office Box 3273 357 Teyuesta Drive
Teyuesta, Florida 33469-0273 • (407) 746-7457
VILLAGE OF TEQUESTA
VILLAGE COUNCIL WORKSHOP MEETING MINUTES
JULY 12, 1988
I. The Tequesta Village Council held a Workshop Meeting at the
Village Hall, 357 Tequesta Drive, Tequesta, Florida, on
Tuesday, July 12, 1988, to review the proposed budget for
Fiscal Year 1989 for the Village General Fund, Improvement
Bond Revenue Fund and Improvement Bond Revenue Sinking Fund.
The meeting was called to order at 9:00 A.M. by Mayor Ron T.
Mackail and a roll call was taken by the Village Clerk.
Councilmembers present were: Ron T. Mackail, Mayor; William
E. Burckart, and Earl L. Collings. Vice-Mayor Edward C.
Howell had a previous business commitment and Councilmember
Joseph N. Capretta was on vacation out of town and were
excused from the meeting. Village Officials present were:
Thomas G. Bradford, Village Manager; Wendy K. Harrison,
Administrative Assistant; Department Heads, and Bill C.
• Kascavelis, Finance Director/Clerk.
II. The Village Manager reviewed the proposed General Fund
Operating Budget for Fiscal Year 1989. He noted the budget as
presented reflected a 1.7 percent increase in expenditures
over the previous fiscal year. The millage rate proposed to
fund fiscal year '89 was 5.7510 mills the same millage rate
required to fund the previous fiscal year '88 budget. The
Village Manager noted that the combined fund balances of the
General Fund and Improvement Bond Revenue Fund reflected a
$55,540. reduction compared to the previous fiscal year. The
reduction of the two operating fund balances was necessitated
to enable balancing the proposed fiscal year '89 budget;
however, the projected fund balance at the close of fiscal
year '89 for the General Fund in the amount of $577,632. was
deemed adequate to cover cash flow requirements for the
ensuing fiscal year.
General Fund Revenues projected for fiscal year '89 totaled
$2,827,103. compared to $2,792,973. for the previous year an
increase of 1.2 percent. Expenditures totaled $2,854,739.
compared to 52,805,422. the previous fiscal year a 1.7 percent
increase. A listing of the major changes in expenditures
within the General Fund are listed in the Letter of
Transmittal included in the budget proposal.
• The Village Manager reviewed the proposed fiscal year 1989
budget for the Improvement Bond Revenue Fund. He noted
revenues projected for fiscal year '89 in the amount of
• Workshop Meeting
July 12, 1988
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$832,096. was very similar to the revenues projected for the
previous fiscal year in the amount of $824,096. Expenditures
proposed for fiscal year '89 were $860,000. compared to $828,000.
the previous fiscal year, an increase of 3.8 percent, consisting of
an additional $30,000 increase in the transfer of surplus funds
from the Improvement Bond Revenue Fund to the Village General Fund.
The Village Manager reviewed the proposed
Improvement Bond Revenue Sinking Fund Budget
for fiscal year '89 in the amount of $87,500
the previous year. Expenditures proposed for
Debt Service was $87,430 compared to the previo~
Expenditures of $89,130.
fiscal year 1989
reflecting revenues
compared to $88,000
fiscal year '89 for
is year Debt Service
Upon completion of the budget presentation, the Village Manager
noted that the General Fund Revenues were less than expenditures
in the proposed fiscal year '89 General Fund Budget; however, he
indicated that projected revenues from the ad valorem tax source
for new commercial and residential construction in progress should
hopefully offset the disparity next fiscal year. Mr. Bradford also
noted that the tipping fees for refuse collection will be taxed by
the Solid Waste Authority in fiscal year 1990 which will provide
additional relief to the General Fund in the amount of
approximately $100,000.
During the budgetary review, Council questioned various aspects and
details of the budget as presented including requesting the Village
Manager to review and implement an appropriate employee deduction
for employee dependent health insurance premiums. A consensus of
Council showed their approval with the budget as submitted, and no
substantive changes were made by Council.
There being no other business before the Council, the Budget
Workshop Meeting was adjourned at 11:25 A.M.
Respectfully submitted,
,'
~ e~2c-rfi~z
Bill C. Kasc elis
Finance Director/Clerk
BCK/mk
• Date Approved:
July 28, 1988
• •
VILLAGE OF TEQUESTA
CAPITAL IMPROVEMENT FUND
FUND ANALYSIS
ACTUAL FUND BALANCE 10/01/87
ESTIMATED REVENUES FY 88
ESTIMATED EXPENDITURES FY 88
ESTIMATED FUND BALANCE 09/30/88
ESTIMATED FUND BALANCE 10/01/88
ESTIMATED REVENUES FY 89
ESTIMATED EXPENDITURES FY 89
ESTIMATED FUND BALANCE 09/30/89
$101,136
410,000
507,450
$ 3 , 686
$ 3 , 686
482,500
479,225
$ 6,961
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•
•
VILLAGE OF TEQUESTA
CAPITAL IMPROVEMENT FUND
FIVE YEAR PROJECTIONS
REVENUES AND EXPENDITURES
FY89 FY90 FY91
REVENUES
Interest Income 2,500 2,000 2,000
INTER-FUND TRANSFERS
General Fund 150,000 150,000 150,000
Water Enterprise Fund 50,000 50,000 50,000
REIMBURSEMENTS
P.B. County Impact Fee 280,000 350,000
TOTAL REVENUES $482,500 $552,000 $202,000
EXPENDITURES
Improvement Pro3. 450,525 639,325 282,000
DEBT SERVICE
Inter-Fund Loans (Water Dept.)
Principal 14,000 14,000 22,925
Interest 14,700 13,720 20,860
Bonded Debt
TOTAL EXPENDITURES $479,225 $667,045 $ 2 785
FUND BALANCE $ 3,275 $(115,045) $(123,785)
FINANCING REQUIRED $ --- $ 116,000 $ 124,000
•G.O. BOND ISSUE
Millage Required for Debt Service .540 Mills
•
FY92 FY 93
2 , 000
150 , 000
50,000
2,000
150,000
50,000
$202,000 $202,000
806 , 000 414 , 000
33,250 43,500•
27,935 104,000•
$867,185 $414,000
$(665,185) $ 29,000
$1,300,000 $ ---
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• •
VILLAGE OF TEQUESTA
PROPOSED- 5 YEAR CAPITAL IMPROVEMENT PROGRAM
GENERAL FUND
FY89 FY90 FY91 FY92 FY93
PUBLIC WORKS
Tequesta Drive Imp.
Cypress Dr. Drainage
Teq. Dr. & Riverside Curbing
Teq.Dr. Sign & Landscape
Sign- C707
U.S. 1 Medians
C.Club Dr. Paving
Tequesta Dr. Paving
Dover Ditch Seawall
Seabrook Drainage
Sub-Total Public Works
PUBLIC SAFETY
New Police Facility
Sub-Total Public Safety
RECREATION
Teq.Dr. Pathway
(Seabrook-Bridge)
Teq.Dr. Pathway
(Bridge-C.Club Dr.)
Tennis Court Resurface
Tequesta Park Paving
Tequesta Park Lighting
Sub-Total Recreation
TOTAL
302,200 278,800
90,000 277,000
20, 500
3,825 54,825
25 , 000
11,000
4 6 , 000
126,000
12,000 133,000
441,525 610,625 69,000 133,000 126,000
66,000 673,000 168,000
--- --- 66,000 673,000 168,000
28 , 700
9,000
26 , 000
121,000
120,000
9,000 28,700 147,000 --- 120,000
$ 450,525 $639,325 $282,000 $806,000 $414,000
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