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Minutes_Regular_05/27/1980
C~ MINUTES OF THE MEETING OF THE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA May 27, 1980 A Meeting of the Council of the Village of Tequesta, Florida, was held at 7:30 P.M., Tuesday, May 27, 1980 in the Village Hall, 357 Tequesta Drive, Tequesta, Florida. Councilmembers present were: Cook, Little, Mapes and Ryan. Stoddard had advised he cotald not be in attendance because of illness in his family. Also present were Robert Harp, Village Manager, Cyrese Colbert, Village Clerk and John C. Randolph, Village Attorney. The opening Prayer and Pledge of Allegiance to the Flag was given by Councilmember Cook. There were no announcements. Councilmember Cook requested the item: Discussion of piers in the waterway be added to the agenda.. under 4c. Council approved the addition. • The minutes of the Site Plan Review, May 13, 1980 and the Minutes of the Council Meeting, May 13, 1980 were received. The Village Manager's Report for May 11-24, 1980 was received. The Village Financial Statement and taater Department Financial Statement for April, 1980 were received. Mr. Sandy Nettles, Gee & Jenson, told Council that work on the ,test wells in G7ell Field No. 5 has been completed. Testing has started on the wells but have been cut short due to the rain. Mr. Nettles told Council the preliminary data that they have received is good. Well Field No. 4 may have some salt water intrusion, but all in all things are looking pretty good. Mr. Nettles told Council that the maxii7tum one of these wells is producing is only 200 gallons per minute, with a better type well i_t could probably be increased to 400 to 500 gallons per minute. Mr. John Giba, resident, told Council he was present to represent Mr. Heinz Von Zabern, JIB Club, ITic.. Mr. Giba told Council the JIB Club, Inc. had been annexed into the Village in December, 1979 and that the Site Plans have been in the Building Department since April 30, 1980 and he and Mr. Von Zabern are requesting that the Site Plans go before the Site Plan Review as soon as possible. The Village Attorney told Council that Mr. Vcn Zabern has contacted him and that Mr. Von Zabern is aware of why the Site Plan Review has not been scheduled. The Village Attorney reminded Council that he has been waiting • 05-27-80 -OZ • on the County's approval for the rezoning of the property before anything was done. The Attorney has told Mr. Von Zabern that he would talk to the Village Manager on this and then maybe they could make a recommendation to Council. Council set June 10, 1980, 7:00 P.M. as the Site Plan Review for the JIB Club, Inc. Mr. Ralph M. Barton, Garden Street, asked Council to have installed "Safe Crossing" at Tequesta Drive and Seabrook Road; Tequesta Drive and U.S. ~~1; Tequesta Drive and Cypress Drive and Bridge Road to the Shopping Center. Mr. Barton told Council he has contacted several people in regard to these requests and up to now nothing has been done. He also told Council that he has contacted Tallahassee about a "Pedestrian Waiting Signal" at U.S. X61 and Tequesta Drive and the Department of Transportation has told him that there is a need for the Signal and that they would look into the installation of such a signal. The Village Manager explained his memorandum of May 23, 1980 in reference to the 1979/80 Budget Revisions and briefed Council on the various revisions (a copy of the memorandum and budget revisions have been made a part of these minutes, see attached). The Village Manager read a Resolution entitled, A RESOLUTION OF THE VILLAGE OF TEQUESTA, FLORIDA PROVIDING FOR REVISIONS TO THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 1979. Ryan moved, "that we adopt the Resolution as read". Cook seconed and vote on the motion was: Cook -for Little -for Mapes -for Ryan -for and therefore Resolution No. 12-79/80 was passed and adopted. Little moved, "approval of transfer of $179,000 from additional Water Department Fund, (Retained Earning Account) on a loan basis to the General Fund to be replaced to the Water Department during the next three (3) years .budget period". Ryan seconded and vote on the motion was: Cook -for Little -for Mapes -for Ryan -for and therefore the motion was passed and adopted. Ryan moved, "that we direct the Village Clerk to notify the owner of JIB Club, Inc. that a Public Hearing will be held at 7:00 P.M., Tuesday, July 8, 1980 to consider providing a high density (13+ dwelling units/acres)". Cook seconded and vote on the motion was: Cook -for Little -for Mapes -for Ryan -for and therefore the motion was passed and adopted. 05-27-80 -03 Councilmember Cook told Council of her concern with the increasing intrusion of private and commerical docks into our waterways. Council agreed to wait on a uniform Ordinance from COG that all municipalities in this area are recommended to adopt. Councilmember Ryan showed pictures of Tequesta Pines at Riverside Drive and the unkept plants and grass. It was Councils' understanding that this area was to be maintained and cared for, and also lighted by the developer. The lights were apparently removed due to vandals. The Village Manager and Building Official are to contact Otto "Buz" DiVosta (the developer) and have him restore the lights and to bring the planting and landscaping up to par in the Tequesta Pines easement areas. The meeting was adjourned at 8:40 P.M. Cy`rese Colbert ~~ / ._-- Tho as J. yLittle ~ -~ %/. W.H. Mapes, Jr. ,, ,~.-.~ J mes H. Ryan Not present 05-27-80 Carlton D. Stoddard U M E M O R A N D U M FROM Village Manager TO Councilmembers, Village Attorney, Village Clerk SUBJECT: 1979/1980 Budget Revisions DATE May 23, 1980 We have reviewed the various Village budgets to date and find some need for revisions to same. Enclosed are copies of .the following amended Budget s: 1. General Fund 2. Water Department Operation and Mair_tenanee Fund 3. Improvement Bond Revenue Fund 4. Improvement Bond Sinking Fund Also enclosed is a budget for the Improvement Bond Construction Fund: • r~ U The items marked with an asterisk have been revised to reflect current conditions and anticipated revenues and expenditures through September 30, 1980. You will note, under interfund transfers, we have included a loan from the Water Department in the amount of $59,000.00 for the Street Re- surfacing Project. The original budget amount was $223,000.00 including Engineer plans and inspections. The bid accepted by the Village for the work was $264,020.00. Total Engineering costs are anticipated to be $15,000.00 and an additional estimated amount of $17,000.00 was approved for additional required leveling course and paving to provide for a much better resurfacing job. It is further anticipated that approximately $22,000.00 will be received from the Town of Jupiter and Palm Beach County for resurfacing done to their streets (Pineview Road and-Point Drive). You will also note, under interfund transfers, we have included a loan from the Water Department in the amount of $162,000.00. This was made necessary due to the fact of the additional costs of the Drainage Project with less funds from the bond issue remaining to be returned to the General Fund as previously estimated. We would request approval for an additional transfer of $179,000.00 for available Water Department funds on a loan basis to the General Fund. The approval of the budget revisions will be an Agenda item for the May 27, 1980 Council Meeting. Ro r arp RH/kha • R E V E N U E S 1979/80 Budget Ad Valorem Taxes Current Ad Valorem Taxes-Real & Personal Pr©perty~ Delinquent Ad V~.lorem Taxes-Real & Personal Propexty Total Franchise Fees Electricity Telephone and Telegraph Gas CATV Total Utility Service Taxes Electricity Telephone and Telegraph Water Propane Total. Licenses and Permits Professional and Occupational Building Permits Other Total State Shared Revenues General Government Cigarette Tax Entitlement Funds Alcoholic Beverage Tax Local Government Additional Homestead Exemption Trust Fund Transportation Rebate Gasoline Tax Total Shared Revenues From Other Local Units Countywide Registrations Municipal Share of County Road and-Bridge Tax County Share Recreational Funding County Share hover Road Drainage Total $ 394,190.00 50.00 $ ~ ,540.00 $ 0.00 0.00 0.00 0.00__ $ 0.00 $ 0.00 0.00 0.00 o.oo $ o.oo $ 0.00 34,000.00 300.00 $ 3 .300.00 $ 15,700.00 0.00 5,200.00 12, 700.00 1,100.00 $ 34.700.00 $ 7,000.00 24,000.00 3,850.00 ~, 700.00 $ 38.550.00 .Amended Budget $ 394,180.00 I,©0.00 ~ $ 395.230.00 $ 111,018.00 0.00 0.00 0.00 $ 111.018.00 $ ,,62,172.00 # 21,362.00 16,942.00 192.00 ~ $ 103, 8.00 $ 3,715.0 34,Ooo.oo 00.00 $ ~ ,015.00 $ 15,700.0© 64,620.00 . 5,200.00 12,700.00 1 X100.00 $ 99,320.©0 $ 9,5oo.oa ~ 39,000.00 -~ =J,85o.00 3700.00 $ 56,050.00 EXHI~'IT nA" VILLAGE OF TEQUESTA GENERAL rUND BUDGET AMENDMENTS 1979/80 May 1980 (1) Charges For Services • General Goverment Zoning Fees Sale of Maps, Publications, etc. Certification, Copying! Record Research Tota,1. Public Safety Police Message Desk Service Building Inspection Service Municipal Police Academy Total Culture - Recreation Parks and Recreation Tennis Court Light Fees Men's Softball League Total Total Fines and Forfeitures Court Cases Court Fines Parking Tickets Total ~P~iiscellaneous Revenues- - Interest Refund of Prior Years Expenditures Other Trash Bag Sales Abandoned Bicycle Sales Total Interfund Transfers Excess Improvement Bond Revenues Balance from Proceeds of Improvement Bond Revenue Issue Loan from 1+Iater Department - Street Resurfacing Loan from hater Department - Drainage Balance Excise Tax Revenue Sinking Fund Total Intra Governmental Services Administrative Management Office Rent Total SUB-TOTAL Estimated Cash Carry Forward 10-O1-79 TOTAL REVENUE . ~- INDICATES REVISIONS o5-z3-8o ~2~ $ 200.00 20.00 900.00 $ 1,1zo.oo $ 1,400.00 1,500.00 35o.ao $ 3,250.00 $ 2,000.00 300.00 $ 2,300.00 $ 508 L760.Oo $ 8,000.00 1,800.00 $ 9,800.00 $ 10,000.00 0.00 1,800.00 3,000.00 0.00 $ 11 k~00 $ 447,500.00 217,000.00 0.00 0.00 0.00 $ ,500.00 $ 8,000.00 6,000.00 $ 1,000.00 $ 1,211,860_.00 95,000.00 $ 1,306,860.00 $ 200.00 30.00 900.00 $ .1.130..00 $ 1,400.00 1,500.00 62~ . Oo ~ $ 3.5.25.00 $ 2,000.00 300.00 $ 200.00 $ 810,306.00 $ 10,000.00 ~ 1,000.00 ~- $ 11,000.00 $ 14,000.00 510.00 ~ 1,800.00 3,000.00 280.00 ~ $ 19,590.00 $ 172.297.00 ~ 29,000.00 ~ X9,000.00 162,000.00 ~ 8 .00 $ 422, 2.00 $ 8,000.00 6 000.00 $ 1,000.00 $ x,277,778.00 8~1-, 600.00 1, 362,,78. o0 EXHIBIT "An • VILLAGE OF TEQUESTA GENERAL FUND BUDGET AMENDMENTS 1979/80 r~a.y lg8o E X P E N D ~C T U R E S General Government ~islative Travel and Per Diem Other Current Charges Total Executive Village Ma,nager;'s Salary FICA Taxes Retirement Contributions Life and Health Insurance Workmen's Compensation Travel and.Per Diem Other Current Charles and Obligations Books, Publications, Dues ^1 otal Village Clerk's Salary FICA Taxes • Retirement Contributions Life-and Health Insurance irlorkmen's Compensation Travel and Per Diem Other Current Charges and Obligations Operating Supplies Books, Publications, Dues Total Financial and Administrative Regular Salaries and Wages FICA Taxes` Retirement Contributions Life and Health Insurance Workmen's Compensation Accounting and Auditing Travel and Per Diem Other Current Charges Office Supplies Books, Fublications, Dues Machinery and Equipment Total Legal Counsel Professional Services • Planning Professional Services Other Current Charges Total Ali 1979/ Budget $ 4,000.00 50.00 $ 4,050.00 $ 27,883.00 1,470.00 2,540.00 1,130.00 70.00 1,200.00 50.00 50.00 $ ~ .393.00 $ 13,412.00 825.00 1,225.00 30.00 35.00 700.00 2,200.00 300.00 50.00 $ 190 $ :28,703.00 1,'760.00 2,615.00 2,070.00 75.00 4,500.00 150.00 50.00 ..50.00 -50.00 1 000.00 $ 1,023.00 $ 22,000.00 $ 7,500.00 1,200.00 $ 8,700.00 Amended Budget $ 4,000.00 .50.00 $ 4050.00 $ 27,883.00 1,490.00 ~ 2,540.00 1,130.00- 70.00 1,500.00 50.00 o.oo $ 1 .00 $ 13,412.00 825.00 1,225.00- . 540.00, 35.00 700.00 2,200.00 300.00 0.00 $ 19,2 7.Uo $ 18,850.00 ~ 1,175.00 ~ 1,725.00 ~ 1,100.00 75.00 5,000.00 •* 150.00 50.00 50.00 50.00 1~ 000.00 $ 29,225.00 $ 22.000.00 $ 7,500.00 500.00 ~ $ 8,000.00 EXHIBIT "A" ` Other General Government Regular Salaries and Wages $ 16,294.00 $ 16,294.00 • FICA Taxes Retirement Contributions 1,000.00 1,485.00 1,000.00 1,485.00 Life and Health Insurance 1,400.00 1,400.00 Workmen's Compensation 40.00 40.00 Unemployment Compensation 1,000.00 1,000.00 Professional Services Codification 3,000.00 3,000.00 Communication Services 2,000.00 2,250.00 Transportation (Postage) 1,100.00 1,400.00 Utility Services 6,500.00 7,100.00 .Rentals and Leases Fire Hydrant Rental Fees 1Q,700.O0 10,700.00 "Office Equipment 3,500.00 3,500.00 P°. 0. Box 40.00 40.00 Storage- 1,200.00 1,200.00 Insurance 1,200.00 2,600.00 Rep~.irs and Maintenance Service Village Hall Maintenance 5,000.00 5,000.00 Office Machines 450.00 450.00 Other Current Charges and Obligations 2,000.00 3,500.00 Office Supplies 1,800.00 2,700.00 Books, Publications, Dues 950.00 950.00 Aid to Private Organizations 9,620.00 ,9,620.00 Other Grants and Aids 4,159,00 4,159.00 Contingencies Total 066.00 $ 79.00 066.00 $ 4 .00 • .Total General Government $ 208,717.00 $ 201,72 .00 Public Safety Law Enforcement Regular Salaries and Wages Police Chief $ 22,067.00 $ 22,067.00 Lieutenants 33,856.00 33,855.00 Detective 15,585.00 15,5$5.00 Patrol Sergeants 49,368.00 51,000.00 Senior Patrol Officer 15,105.00 15,105.00 Patrolmen 112,802.00 122,802.00 Dispatchers 39,344.00 39,344.00 Overtime 1,650.00 1,650.00 FICA Taxes. 17,665.00 17,665.00 Retirement Contributions 38.29fl•oo 38.29x•©0 . Life and Health Insurance 16,510.00 16,510.00 Workmen's Compensation 9:000.00 _9,000.00 Travel and Per Diem 2,500.00 2,500.00 Communication Services 3,000.00 3,000.00. Insurance 9500.00 9,020.00 Repe,irs and rla.intenance Service Cars 9.500.00 x,500.00 Office Equipment 300.00 300.00 .Printing and Binding 500.00 500.00 • Other Current Charges and.0bligations Personnel Training 900.00 900.fl0 Office Supplies 500.00 600.00 -Other 1,800.00 1,800.00 (2) EXHIBIT "A" -~ Operating Supplies Gasoline and Oil • Uniforms and Equipment Books, Publications, Dues Machinery and Equipment Total Detention and/or Correction Other Contractual Services Palm Beach County Sheriffs Department Protective Inspections Regular Salaxies and W~.ges Building Official Building Inspector.' Other FICA Taxes Retirement Contributions Life and Health Insurance Workmen's Compensation Travel and Per Diem Communication Services Other Current Charges Books, Publiat ions, Dues P4a.chinery and Equi~nent Total Emer~ericy and Disaster Relief • Civil Defense Disaster Relief Contingency Machinery and Equipment Total Total Public Safety Expense Total General Government Expense Physical Lhvironment Contractual Servi ces - Garbage Contractual Services - Trash Total Transportation Road.-and Street Facilities Regular Salaries and Wages Superintendent- - T~a.intenance Overtime ' FICA Taxes Retirement Contributions Life and Health Insurance Workmen's Compensation Travel and Per Diem " Utilities Services Insurance 16,000.00 2,500.00 250.00 0.00 $ i ,492.00 $ 100.00 $ 20,807.00 16,3oz.oo 5,256.00 2,600.00 3,860.00 1,385.00 1,865.00 1,600.00 400.00 150.00 200.00 _ 1 000.00 $ ~~ $ 5.00.00 5,000.00 oo.oo $ ,ooo.oo $ 4802017.00 $ 688.734.00 $ 125,000.00 _55,000.00 $ 18ozooo.oo $ 14,083.00 30,257.00 500.00 2,750.00 4,085.00 2,815.00 2,200.C0 50.00 9.900.00 5:500.00 lb,ooo.oo 2,500.00 250.00 110.00 $ 419,3 -54.00 -$ 100.00 $ zo,8o7.aa 16,302.00 S,z56.oo 2,boo.oo 3,$60.00 1,385.Oo 1,754.00 1,6oo.oa 450.00 200.00 300.00 1 000.00 $ ,~5~00 $ 500.00 5,000.00 5oo.oa $ tooo.oo $ 481,468.00 $ 683-197.00 ,$ 1z5,oao.oo 55,000.00 $ 180,000.00 $ 14,083.00 30.257.00 500.00 2,750.00 - 4,085.00 2,815.00 3,360.00 50.00 12_,700.00 2,750.00 .a EXHIBIT "A" ~- r~~ Repair and Maintenance Service Truck and Tractor 2,200.00 2,900.00 ~ Drainage 10,000.00 10,000.00 • Other Current Charges 800.00 800.00 .Operating Supplies Gasoline and Oil - Truck 2,100.00 2,100.00 Gasoline and Oil - Other 320.00 320.00 Small Tools 500.00 720.00 ~` Traffic Signs 700.00- 1,300.00 General Maintenance 22,000.00 22,000.00 Trash Bags 4,500.00 4,500.00 Road Material and Supplies 10,000.00 10,000.00 Improvements Other than Buildings Roads t 223.000.00 o 282,000.00 ~ To al $ 348,z o $ 409 990.00 Hu~-nan Services Health - Mosquito Control Regular Salaries and Wages $ .1,600.00 $ 1,600.OO FICA Taxes 100.00 100.00 Retirement Contributions. 150.00 150.00 Repairs and Maintenance 600.00 750.00 ~ Other Current Charges 100.00 T50.00 ~ Gasoline and Oil 100.00 100.00 Insecticide 5,200.00 6,200.00 Total $ '.7,850.00 $ 9z05a.oo • Parks and Recreation Regular Salaries and Wages Director ~ 17,117.00 $ 17,117.00 Maintenance - Labor 10,009.00 10,009.00 Playground Lea dens 3,840.00 3,240.00 Tennis Court Supervisor 3,100.00 _ 2,100.00 ~ Overtime 200.00 200.00 FICA Taxes 2,100.00 2,100.00 Retirement Contributions 3,120.00 3,120.00 Life and Health Insurance 1,560.00 1,.560.00 Workmen's Compensation 1,100.00 350.00 ~ Travel and Par Diem 1,500.00 1,500.00 Communications Services 400.00 400.00 Utility Services Trailer and Office 1,700.00 1,700.00 '`_ Field Lights 2,500.00 2,500.00 Security Lights 200.00 200.00 Water 900.00 900.00 Insurance 1,000.00 400.00 ~ Repair and Maintenance Service Buildings, Fqui~.~ment, Grounds 4,500.00 5,500.00 Fields 3,500.00 3,800.00 ~' Truck 450.00 450.00 Tennis Courts 8,000.00 7,775.00 Other Current Charges and Obligations 200.00 200.00 Office Supplies 50.00 50.00 • EXHIBIT uA'~ (4) • Operating Supplies Gasoline and Oi Small Tools P+Iinor Equipment Program Expense Books, Publication Buildings Improvements Other Playground - Pa Bicycle Path Machinery and Eq Total TOTAL EXPENDITURES ~ INDICATES REVISIONS 05-23-80 1 - Truck s, Dues than Buildings rks uipment • 320.00 150.00 800.00 800.00 50.00 0.00 7,700.00 5,000.00 1 0.00 $ 2,01 .00 $ 1,306,860.00 32o.ao 150.00 800, 00 8©o.oa 50.00 4,000.00 ~ 3,700,00 ~ 5,00©.00 1 0.00 $ 80,1 1.00. $ 1.362,378.00 EXHIBIT tfQlt ~C~ • VILLAGE OF TEQUESTA WATER DEPARTMENT OPERATION AND MAINTENANCE FUND BUDGET AMENDMENTS - 1979/80 May 1980 EXPENDITURES 1979/80 Amended Pumping and Storage Budget Budget Regular Salaries and Wages: Superintendent $ 10,404.00 $ 10,404.00 Assistant Superintendent 6,083.00 •6,083.00 Overtime 1,800,00 1,800.00 ' ,FICA Taxes 1,125.00 1,250.00 Retirement Contributions 1,675.00 2,000.00 * Life and Health Insurance 850.00 870.00 Workmen's Compensation 750.00 350.00 * Operating Expenses: Professional Service-Water Monitoring 7,000..00 7,000.00 • Other Contractual Services-Water Tank .;, Maintenance 4,200.00 4,200.00 Communications Services-Telephone Lease Lines 700.00 700.00 Utility Services 36,004 00 36.OOf} 00 Insurance 6,500.00 5,430.00 * Repair and Maintenance Services: Machinery and Equipment 5,000.00 5,000.00 Buildings-and Other 1,000.00 1,000.00 Truck and Tractor 1,100.00 1,500.00 * Other. Current .Charges and Obligations 700.00 1,200.00 * Office Supplies 350.00 350.00 Operating Supplies: Truck Gasoline and Oil 1,800.00 1,900..00 * Chemicals 1,200.00 ~ ~ 1,200.00 Small .Tools 700.00 700.00 Laboratory Supplies 250.00 250.00 Generator Diesel Fuel 700.00. 700.00 Purchased Water 330,000.00 330,000.00 Capital Outlay Machinery and Equipment - 2,470.00 2,470.00 Total $'422;357.00 $ 422,357.00 F.XHHIBIT tegu • (1) r Distribution Expense • Regular Salaries and Wages Superintendent Assistant Superintendent Labor Overtime FICA Taxes Retirement Contributions Life and Health Insurance Workmen's Compensation Operating Expenses Insurance -Auto and Truck Machinery and Equipment Truck and Tractor Other Current Charges and Obligations Office Supplies Operating Supplies Truck Gasoline and Oil Total Office and Administrative Expense Regular Salaries and Wages Office Clerks Office - Part Time FICA Taxes Retirement Contributions Life and Health Insurance • Workmen's Compensation Unemployment Compensation Operating Expenses Professional Services Legal Engineering .Accounting and Auditing Travel and Per Diem Communications Service - Telephone Rentals and Leases Village of Tequesta - Rent FEC Lease Other Insurance Repair ~.nd-Main~tenance Service Office Machines Other Other Contractual Services Licenses and Fees Miscellaneous Administrative Management Contingencies Personnel Training Office Supplies Books, Publications and Dues • Total TOTAL t $ 10,403.00 $ 10,403.00 6,082.00 6,082,.00 28,233.00 27.733.00 2,500.00 2,395•flo 2,900.00 2,900.00 4,300.00 4,300.00 1,175.00 - 1,675.00 1,300.00 9o5.oa 1,000.00. 1,000.00 1,500.00 1,500.00 1,100.00 1,500.00 400.00 400.00 100.00 1oa.oo _~1_~so~o__o0 1 goo.ao $ 26 ,793.00 $ 2,793.00 $ 19,900.00 $ 19,900.00 4,000.00 _4,000.00 1,475.00 1,475.00 2,200.00 2,20D.Ofl 1,100.00_ 1,300.00 50 .,o0 50 . o0 300.00 300.00 3,000.00 4,500.00 6,000.00 400.00 1,150.00 6,000.00 .100.00 40.00 2,400.00 2,600.00 3,900.00 6,000.00 400.00 1,150.00 6,000.00 100.00 40.00 2,400.00 350.00 350.00 100.00 100.00 1,900.00 1,900.00 - 500.00 1,500.00 8,000.00 8,000.00 2,000.00 _ 1,000.00 500.00 700.00 7,200.00- 8,000.00 300.00 00.00 $ 73,+~ $ 73, 5.00 $ X8,615.00 $ 558,615.00 x INDICATES REVISIONS ~ EXHIBIT "B" • VILLAGE OF TEQUESTA IMPROVEMENT BOND SINKING FUND BUDGET AMENDMENTS 1979/80 May 1980 R E V E N U E S Transfer from Improvement Bond Revenue Fund Proceend of $910,OOO,Improvement ' Revenue Bonds (Capitalized Interest) Interest, Including Profit on Investments .Total E X P E N D I T U R E S Redemption of Short Term Debt Principal .Interest Other Debt Service Costs Total • Cash to Paying Agent Balance (1) Total (1) Invested for interest payment due 04-01-81 INDICATES REVISIONS 05-23-80 1979/80 Budget $ 8,900.00 63,700.00 6,300.00 $ 78,900.00 Amended Budget $ 12,000.00 77.35a.oo ~- 3,000.00 $ 92,350.00 $ 15,ooa.oo $ o.oo 63,700.00 0.00 200.00 0.00 $ 7,900.00 $ o.aa $ 0.00 $ 54,025.00 o.o0 8,325.ao ~- $ 7 `900.00 $ 92350.00 EXHIBIT "D" R E V E N U E S Guaranteed Entitlement Funds Public Service Taxes- . Electricity Telephone and Telegraph Water Propane Total Franchise Fees Electricity Telephone and Telegraph Gas CATV Total Occupational License Taxes • Total VILLAGE OF TEQUESTA IMPROVEMENT BOND REVENUE FUND BUDGET AMENDMENTS 1979/80 May 1980 E X P E N D I T U R E S To Improvement Bond Sinking Fund To General Fund Total 1979/80 Budget $ 129,200.00 $ 122,700.00 34,600.00 34,400.00 5.500.00 $ 397,200.00 $ 100,100.00 4,900.00 500.00 7,500.00 $ 113,000.00 $ 17,ooo.ao $ 456,400:00 $ 8,900.00 447 500.00 $ 5.0000 Amended Budtet 64,5$0.00 $ 60,528.00 ~ 13,238.00 17,458.00 2.0$.00 $ 93.532.00 $ 0.00 4,900.00 50©.00 7.500.00 $ 12.900.00 $ 13,285.00 $ 184,297.00. $ 12,000.00 ~ 172,297.00 $ 184,29.00 EXHIBIT "C" ~ INDICATES REVISIONS o5-z3-8o • VILLAGE OF TEQUESTA IMPROVEMENT BOND CONSTRUCTION FUND $910,000 IMPROVEMENT REVENUE BOND ISSUE BUDGET _ 1979/ May 1880 R E V E N U E S Proceeds from Sale of Bonds $ 890,407.70 E X P E N D I T U R E S • ~ 100,000.00 Deposit to Reserve Account ~ Municipal Bond Insurance Premium 18,000.00 Capitalized Interest (1 year) 77,350.00 Issuance Expenses 11,350.00 Payment of Project Costs 180,489.76` Reimbursement to Water Department 503,217.94 Total $ 890,407.70 EXI IIAC T nE" 05-23-80