Ordinance 1977-018 Budget Ordinance FY 1977-78
ORDINANCE N0, 18-77
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA,
LEVYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED WITHIN THE COR-
PORATE LIMITS OF THE VILLAGE OF NORTH PALM BEACH ON JANUARY 1, 1977;
FIXING T}[F, TOTAL VALUATION THEREON AND THE TAX MILEAGE RATE THF,REON
' FOR SAID TAX YEAR; ADOPTING BUDGETS FOR THF. FISCAL YEAR OCTOBER 1,
1977 TO SEPTF,MAER 30, 1978, BOTH INCLUSIVE, FOR T}iE VILLAGF. OF NORT}{
PALM BEACH GENERAL FUND, INCLUDING DEBT RETIREMENT AND FOR THE
NORTH PALM RF,ACH COUNTRY CLUB REVENUE FUND; AND REPEALING ALL ORDIN-
ANCES IN CONFLICT WITH THIS ORDINANCE.
RE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH,
FLORIDA:
Section 1. That for the tax year ending December 31, 1977
the valuation of all real and personal property within the Village
of North Palm Reach, excluding property owned by the Village of
North Palm Beach, Palm Reach County, State of Florida, and those
' properties exempted by State, County or Village laws and ordinances,
is hereby determined to be and is fixed as follows:
Total Real Property Valuation $209,691,799
Total Personal Property Valuation 19,251.,956
Total Valuation $228,943,755
Deductions:
Exemptions 36,284,080
Gross Taxable Valuation -
Real Property 176,741,052
Gross Taxable Valuation -
Personal Property 15,918,623
Total Gross Taxable Valuation $192,659,675
Section 2. For the tax year ending December 31, 1977
' a tax of 6.241 mills on the dollar shall be and is hereby levied,
and shall be collected on all real and personal property within the
Village of North Palm Beach, not specifically designated as home-
stead property or owned by the Municipality and/or expressly exempted
by the laws and Constitution of Florida, for the purpose of raising
funds for the improvement and government of the Village, and for
the payment of its obligations and expenses and for the purpose of
carrying out the purpose and duties granted and imposed by its
charter: Which is a tax of 6.241 mills that shall be and is hereby
levied and shall be collected on all real and personal property as
set fort}t in above Section 1, less homestead, widows', disability
' and other exemptions for the purpose of raising funds for the payment
of the Village of North Palm Beach General Fund Appropriations, which
include Debt Retirement, and is set forth hereafter in budget form.
Section 3. That for the fiscal year ending September 30,
1978, revenues for the General Fund of the Village are anticipated
as set fort}t on Schedule 1 attached hereto entitled "Village of North
Palm Beach, Florida, 1977-78 Annual Budget, Summary of Revenues and
Appropriations/Expenditures", and by reference made a part hereof.
Section 4. That for the fiscal year ending September 30,
1978 the appropriations for the General Fund are hereby set forth
on Schedule 1 attached hereto as "Village of North Palm Beac}t, 1977-78
Annual Budget, Summary of Revenues and Appropriations/Expenditures",
' and by reference made a part hereof.
Section 5. That for the fiscal year ending September 30,
1978 income and expense for the North Palm Beach Country Club Revenue
Fund is anticipated as set forth on Schedule 3 attached hereto
entitled "North Palm Beach Country Club, Comparative Statement of
Operations, For the Fiscal Years Ended September 30, 1977-78" and by
reference made a part hereof.
Section 6. A statement of calculations for the tax levy
of 6.241 mills for the fiscal year ending September 30, 1978 is set
forth on Schedule 2 which is attached hereto and by reference made a
part hereof.
Section 7. All ordinances or parts of ordinances in con-
flict with the provisions of this ordinance are hereby repealed.
' Section 8. This Ordinance shall take effect immediately
upon passage.
PLACED ON FIRST READING THIS 8 DAY OF SEPTEMBER, 1977.
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PLACED ON PUBLIC HF,ARING THIS 8 DAY OF SEPTEMBER, 1977.
PLACED ON SECOND, FINAL READING AND PASSED THIS 22 DAY OF
SEPTEMBER, 1977.
' /s/ M. C. Love, Jr.
MAYOR
ATTF,ST:
/s/ Dolores R. Welker
Village Clerk
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REVENUE
TAXES
VILLAGE OF NORTH PALM BEACH SCHEDULE 1
ANNUAL BUDGET
1977-1978
SUMMARY OF REVENUES AND APPROPRIATIONS/EXPENDITURES
• AUDITED BUDGET PROJECTED BUDGET
1975-76 1976-77 1976-1977 1977-78
LICENSES AND PERMITS
INTERGOVERNMENTAL REVENUE
CHARGES FOR SERVICES
FINES AND FORFEITURES
MISCELLAENOUS
OTHER SOURCES
TOTAL REVENUE
APPROPRIATIONS/EXPENDITURES
GENERAL GOVERNMENT
PUBLIC SAFETY
PUBLIC SERVICES
LEISURE SERVICES
DEBT RETIREATENT
RESERVE
TAXATION
CAPITAL IMPROVEMENTS PROGRAM
TOTAL APPROPRIATIONS/EXPENDITURES
$1,387,286 $1,557,739 $1,517,743 $1,643,389
86,334 74,550 95,220 116,700
.722,175 686,027 707191. 608,538
58,634 78,505 75,448. 101,879
.31,844 27,400 25,950 22,500
46,704 k4,050 37,831 .41,710
481,848 219,616 219 616 127,448
$2,814,825 52,687,887 S2~678,999 52,662,164
$ 531,224 $ 333,257 $ 337,655 $ 378,679
592,993 723,943 728,947 764,492
788,072 913,536 885,325 933,468
360,642 272,348 256,027 292,126
134,717 146,215 146,214 145,429
22,836 23,610 3,000 40,000
33,367 46,800 39,535 47,970
-0- 228,178 227,914 55,000
$2,463,851 $2,687,887 52,624 617 $2 662,164
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VILLAGE OF NORTH PALM BEACH SCftEDULE.2.
COMPARATIVE ANALYSIS OF TAXABLE VALUATION
FOR THE FISCAL YEARS 1976/77 AND 1977/78
1976 77 1977/78
TOTAL REAL PROPERTY VALUATION 170,550,192 209,691,799
TOTA7. PERSONAL PROPERTY VALUATION 18,301,133 19,251,956
TOTAL PROPERTY VALUATION 188,851,325 228,943,755
' DEDUCTIONS:
DELINQUENT REAL PROPERTY TAXES VALUATION
INVENTORY (75%)
GOVERNMENT EXEMPTION
WIDOW'S EXEMPTION
DISABILITY EXEMPTION
INSTITUTIONAL EXEMPTION
CONSTITUTIONAL HOMESTEAD EXEMPTION
SENIOR HOMESTEAD EXEMPTION
GROSS TAXABLE VALUATION
PROPOSED MILL RATE
PROPOSED AD VALOREM TAX
-0- -0-
1,945,551 2,153,745
6,868,190 8,124,838
162,300 174,800
32],716 407,230
5,994,214 4,734,427
16,594,763 16,964,263
3,295,001 3,724,777
35,187,735 .36,284,080
153,663,590 192,659,675
7.285 6.241
1,119,439 .1,202,389
DISTRIBUTION OF AD VALOREM TAXES
APPROPRIATIONS 1976/77 1977/78
OPERATING APPROPRIATIONS 6.405 5.424
DEBT SERVICE .576 ,568
DISCOUNTS ON TAXES -.264 ,217
RESERVE FOR UNCOLLECTABLE TAXES .040 ,032
PROPOSED MILL RATE 7,285 6,241
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North Palm Beach Countrv Club
Comparative Statement of Operations
For the Fiscal Years Ended September 30, 1977-78
Sales and Income - Except Dues
Sports Activities Schedule 2
Food Schedule 6
Beverage Schedule 6
Other Income Schedule 7
Total Sales and Income
Less Coat of Goods Sold, Payroll and
Other Departmental Expenses:
Sports Activities Schedule 2
• Food and Beverage Schedule 6
Total Departmental Expenses
Net Departmental toss
Add Unapportioned Expenses
Budget Estimated
..'.1976-77 1976-77
Schedule 3.
Budget
1977-78
$.236,820 $ 215,000 $ 237,700
220,500 223,000 230,500
125,000 127,000 130,000
11.7,0 11.700 11.700
594.040 576.700 609,900
377,115 340,599 366,490
329.449 342,710 340,075
706,564 683,309 706,565
(112,524) (106,609) ( 96,665)
Administrative and General Sched, 8 93,020 92,272 ' 103,000
Entertai~etit Schedule 9 14,130 18,975 14,000
Utilities Schedule 10 25,000 26,386 31,500
Repair and Maintenance-Clubhouse/Sch,ll '30,047 33,139 38,850
Grounds Maintenance Schedule '12 9,494 6,947 9,350
Total Unapportioned Expenses _ 171,691 177,719 196,700
Net Cost of Operations
Tlembership Dues Schedule 13
Dues Available for Fixed Charges
Insurance Schedule 14
Dues Available for Debt Service and
R.O.F, Requirement
Reserve Operation Fund Schedule 15
Debt. Service Contribution Schedule 16
Total R.O. F, and Debt Service
Undistributed Dues
(284,215) (284,328) (293,365)
_418,140 380,000 423 0, 00
133,925 95,672 129,635
13.700. 17,800 'I8{000
120,,225 77,872 11635
45,700 27,000 50,098
.55.438 55,438 .611537
101,138 82,438 11'1,635
$ 19,087 $( 4,566) $ --