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Home My WebLink AboutAgenda BOC 072816AGENDA CITY OF PALM BEACH GARDENS BUDGET OVERSIGHT COMMITTEE Thursday July 28,2016, 8:30 AM Lobby Conference Meeting Room I. CALL TO ORDER II. PLEDGE OF ALLEGIANCE III. ROLL CALL: Regular Members Mark Feldmesser Chair Dennis Beran Vice-Chair L. Marc Cohn Regular Member Mark Marciano Regular Member Mark Schulte Regular Member IV. ADDITIONS, DELETIONS, MODIFICATIONS V. APPROVAL OF MINUTES: 1. June 23, 2016 Minutes VI. ITEMS BY COUNCIL LIAISON VII. ITEMS BY STAFF LIAISON: 1. FY 2016-2017 Budget Update VIII. OLD BUSINESS IX. NEW BUSINESS X. COMMENTS BY PUBLIC XI. COMMENTS BY THE BOARD XII. ADJOURNMENT City of Palm Beach Gardens Budget Oversight Committee FY 2017 Operating and Capital Budget Update July 28, 2016 Maximum operating millage set on 7/7/2016 at 5.55 Proposed Line- item Budget to be issued on 8/8/2016 Budget Oversight Committee prepares recommendation First Public Hearing on 9/8/2016 Second Hearing and adoption on 9/22/2016 Budget Schedule Introductory Comments Fire staffing analysis is pending However, proposed budget contains funding to fully staff Station 4 FY 2017 Property Valuation FY 2017 taxable assessment is $10.1 billion New construction $132 million Increase of 6% in existing properties FY 2017 taxable assessment is an increase of 7.4% from prior year $9.4 billion Proposed Millage Rate No change in the operating rate 5.55; debt rate reduced to .1281 from .1371 Proposed rate is 5.99% greater than roll-back rate of 5.2361 Taxable Value (After $50K Exemption) (1) Proposed 5.6781 Current 5.6871 Increase $200,000 $1,145.56 $1,137.42 $8.14 $300,000 $1,717.34 $1,706.13 $11.21 $400,000 $2,289.13 $2,274.83 $14.30 (1)Increased by Save Our Homes cap of .7% (lesser of CPI for previous year or 3%) Effect of Proposed Millage Rate Transfers Personnel Operating Capital Debt Reserves $914,320 $65,254,398 $24,224,369 $6,012,552 $4,433,504 $38,616,818 Total Expenditures/Uses All Funds $139,455,961 $57.5M $37M$2,255,150 $5,730,000 $20,173,162 $6,715,898 $3,326,300 $55,240,395 $3,700,000 $39,236,822 $2,163,914 $914,320 Total Revenues/Sources All Funds $139,455,961 $57.5M $37M Transfers Personnel Operating Capital Debt Reserves $220,000 $53,270,677 $19,184,725 $4,622,702 $4,433,504 $28,831,995 Total Expenditures/Uses General Fund $110,563,603 $57.5M $37M$1,264,300 $214,100 $5,730,000 $5,061,155 $5,977,898 $3,326,300 $55,240,395 $3,700,000 $29,355,135 $694,320 Total Revenues/Sources General Fund $110,563,603 Revenues and Sources Ad valorem up from $51M to $55.2M Other revenues up from $24.2M to $25.9M Excluding beginning balance, revenues up 7.9% Expenditures and Uses Personnel costs up from $50.2M to $53.2M Operating costs up from $17.2M to $19.2M Excluding reserves, expenditures and transfers up 5.3% Changes in General Fund Revenues and Expenditures Personnel Costs (66% of General Fund Expenditures) Operating Costs Budget Cost Drivers Total Personnel Costs (Salaries, FICA, Retirement, Health/Life, Workers Comp): Total for all funds up $3.2M, or 5.2% Personnel Pensions: Full funding per actuarial valuations. Total $7,602,223, up from $7,282,375 this year. Positions: Total 496 FT (up 24) Personnel Personnel Highlights Budget includes 24 requested new full-time positions: 4 are emergency communications employees funded by NMRCC 10 new firefighters to fully staff Station 4 3 maintenance positions for City Park Personnel Highlights Budget includes 24 requested new full-time positions (cont.): 3 are existing part-time positions 2 are funded through Golf Special Revenue Personnel Highlights Budget includes 24 requested new full-time positions (cont.): 1 GIS analyst 1 Public Media Specialist Facilities: Roof repair/maintenance; painting of buildings; bathroom and plumbing repairs -$288,700 Parking Lots: Resurface various lots throughout City -$247,000 Operating Costs Parks: Irrigation, fencing, shade structures, trails, sod, playground repairs, boat ramp repairs, deck repairs, etc. - $282,500 Fire Station Renovations: Repairs and renovations of kitchens, bunk rooms, plumbing fixtures, gyms, ceiling tile, flooring, and interior doors -$112,675 Operating Costs $500,000 for annual storm water repair program $250,000 to begin canal dredging and maintenance plan Operating Costs No charge for residential curbside garbage or trash collection No electric, water, or natural gas utility service taxes No City storm water assessments No City fire assessments Other Fees and Charges Gas Tax Special Revenue Fund •Projected Revenue $825,500 •Expenditures: •Street/Sidewalk Repairs 510,000 •Street Lighting 253,000 Golf Special Revenue Fund •Projected Revenues $1,909,000 •Transfer from General Fund 220,000 •Projected Expenditures 2,120,192 Other Funds Recreation Special Revenue Fund •Projected Revenue $3,934,700 •Projected Expenditures 3,971,931 •Reserve Balance 1,033,682 Fleet Maintenance Fund •Projected Revenues $2,674,888 •Projected Expenditures 2,813,040 •Vehicle Replacements 450,000 Other Funds Self Insured Health Fund •Projected Revenue $7,272,569 •Projected Expenditures 7,654,397 •Projected Reserve 6,716,234 •Includes a premium credit of $1.1 million to operating funds Other Funds Impact Funds •Projected Revenue $2,163,914 •Capital Outlay 939,850 ($450,000 golf course signalization; $410,000 EVOC and defensive driving pad; $50,000 MacArthur Blvd. communications tower; $29,850 Station #2 energy management system) Other Funds Highlights •Maintains operating millage flat at 5.55 through FY 2021 •Debt millage reduced to -0-in FY 2020 •General Obligation debt paid off in FY 2019 •Unassigned Fund Balance maintained at $23.1M •Budget Stabilization Reserve Balance maintained at $2.9 M Five-Year Forecast FY 2016/2017 Budget Provides Spending Plan to Accomplish Following: Provides $500,000 for second phase of storm renovation/repairs; $250,000 to begin canal maintenance program Provides funding for additional employees to keep up with increasing demand for services Provides funding for PBA, SEIU and proposed IAFF contracts; adjustments for non-union employees Maintains operating tax rate flat at 5.55; reduces debt rate from .1371 to .1281 Summary What’s next? BOC prepares recommendation Next meeting scheduled for August 18th Questions? PLEASE PRINT COMMENTS FROM THE PUBLIC REQUEST TO ADDRESS CITY BOARD OR COMMITTEE Meeting Date 1__t ~ 1 I J_(a_ Name: -t?\k i('J\. \ ~-i (~~if · Address: . '--<-b \ s \ c v'.e__cd L ltJ 0 I ( City: ~b-' ft- Subject: ____________________________________________________________ __ Members of the public may address the Board or Committee during the "Comments by the Public" portion of the agenda and during "Comments by the Public". This request to address to the Board or Committee must be delivered to City Clerk staff member prior to the commencement of the meeting. The time limit for each speaker is limited up to three (3).minutes depending on the amount of comment cards submitted. PLEASE PRINT Meeting Date:l COMMENTS FROM THE PUBLIC REQUEST TO ADDRESS CITY BOARD OR COMMITTEE ;z_1 I ___j_fg Name: ~~~ --~~~~~~~~~~--,-~--------------------------------------- (-- Address-: R.;J Th i:J · f< l vt:..-~~-L~~LL~~~~~_j~~~~~------------------------------- City: -~-~~c..JL..:__~-=---=-~~--"'·,___~--~----'-·-p_L __ ~_-----'----'"""------ Subject: ____________________________________________________________ __ Members of the public may address the Board or Committee during the "Comments by the Public" portion of the agenda and during "Comments by the Public". This request to address to the Board or Committee must be delivered to City Clerk staff member prior to the commencement of the meeting. The time limit for each speaker is limited up to three (3}minutes depending on the amount of comment cards submitted.