Ordinance 1978-023 Millage Rate & Adopting Budget FY 1978-79ORDINANCE NO. 23-78
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEAC}i,
FLORIDA, LEVYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED
WIT}{IN T}}E CORPORATF, LIMITS OF THE VILLAGE OF NORTH PALM BF.AC}{
ON JANUARY 1, 1978; FIXING THE TOTAL VALUATION THEREON AND
' T}[E TAX MILEAGE RATF, THEREON FOR SAID TAX YEAR; ADOPTING
BUDGETS FOR THF. FISCAL YEAR OCTOBER 1, 1978 TO SEPTEMBER 30,
1979, ROT}{ INCLUSIVE, FOR THE VILLAGE OF NORTH PALM BEACH
GENERAL FUND, INCLUDING DEBT RETIREMENT AND FOR T}{E NORTH PAhM
BEACH COUNTRY CLUB REVENUE FUND; AND REPEALING ALL ORDINANCES
IN CONFLICT WITH THIS ORDINANCE,
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORT}1 PALM
BEACH, FLORIDA:
Section 1. That for the tax year ending December 31,
1978 the valuation of all real and personal property within the
Village of North Palm Beach, excluding property owned by the
' Village of North Palm Beach, Palm Beach 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 $ 214,653.017
Total Personal Property Valuation 22,549.676
Total Valuation $ 237,202.693
Deductions:
Exemptions 38,913.463
Gross Taxable Valuation - $ 180,363.270
Real Property
Gross Taxable Valuation - 17,925.960
Personal Property
' Total Gross Taxable Valuation $ 198,289.230
Section 2. For the tax year ending December 31, 1978
a tax of 5.731 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 homestead 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
5.731 mills that shall be and is hereby levied and shall be
collected on all real and personal property as set forth in a-
hove 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 forth on Schedule 1 attached hereto entitled
"Village of North Palm Beach, Florida, 1978-79 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
Beach, 1978-79 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 2
attached hereto entitled "North Palm Beach Country Club,
Comparative Statement of Operations, for the Fiscal Years ended
' September 30, 1978-79" and by reference made a part hereof.
Section 6. A statement of calculations for the tax
levy of 5.731 mills for the fiscal year ending September 30,
1979 is set forth on Schedule 3 which is attached hereto and
by reference made a part hereof.
Section 7. All ordinances or parts of ordinances in
conflict with the provisions of this ordinance are hereby
repealed.
' PLACED ON FIRST READING THIS 14TH DAY OF SEPTEMBER, 1978.
PLACF,D ON PUBLIC HEARING THIS 14TH DAY OF SEPTEMBER, 1978.
PLACED ON SECOND, FINAL READING AND PASSED THIS 28TH DAY OF
SEPTEMBER, 1978.
(Village Seal) /s/ Al Moore
MAYOR
ATTEST:
/s/ Dolores R. Walker
Village Clerk
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by reference made a part hereof.
Section 7. All ordinances or parts of ordinances in
conflict with the provisions of this ordinance are hereby
repealed.
' PLACED ON FIRST READING THIS 14TH DAY OF SEPTEMBER, 1978.
PLACF,D ON PUBLIC HEARING THIS 14TH DAY OF SEPTEMBER, 1978.
PLACED ON SECOND, FINAL READING AND PASSED THIS 28TH DAY OF
SEPTEMBER, 1978.
(Village Seal) /s/ Al Moore
MAYOR
ATTEST:
/s/ Dolores R. Walker
Village Clerk
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VILLAGE OF NORTH PALM BEACH SCHEDULE 1
1978-79 ANNUAL BUDGET
SUMMARY OF REVENUES AND APPROPRIATIONS/EXPENDITURES
AUDITED BUDGET ANTICIPATED BUDGET
1976-1977 1977-1978 1977-1978 1978-1979
Revenue
Taxes 1,492,592 1,584,670 1,602,672 1,603,496
Licenses and Permits 99,919 116,700 146,160 178,060
Intergovernmental Revenue 539,782 545,538 513,417 503,667
Charges for Services 58,146 71,879 68,303 107,688
Fines and Forfeitures 23,925 22,500 25,425 25,900
Miscellaneous 56,703 71,710 84,310 88,176
Non-Revenues 394,196 207,347 207,347 286,382
TOTAL:. $ 2,665,263 2,620,344 2,647,634 2,793,369
Appropriations/Expenditures
General Government 328,070 378,679 336,050 319,313
'Public Safety 727,582 769,492 760,566 853,848
Public Services 875,065 933,468 927,573 960,595
.Leisure Services 245,877 292,126 274,295 379,513
Debt Retirement 146,215 145,429 145,429 143,011
Reserves 3,907 46,150 6,740 .68,589
Capital Improvements 222,150 64,000 64,000 68,500
$ 2,548,866 .2,620,344 2,514,832 2,793,369
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Schedule 2
North Palm Beach Country Club
1978-79 Budget
Comparative Statement of Operations
Actual Budget Anticipated Budget
1976-77 1977-78 1977-78 1978-79
Sales Income - Except Dues " .. ,
Sports Activities Sch. 2 $212,428 237,700 227,082 $239,600
Food and Beverage Sch. 6 352,147 360,500 328,400 170,000
Other Income Sch. 7 13,109 11,700 10,900 11 700
577,684 _ __609,900 566,382 421,300
Less Cost of Goods Sold, Payroll
and Other Department Expenses;
Sports Activities Sch. 2
Food and $everage Sch. 6
Net Department Loss
Add Unapportioned Expenses;
Admin. and General
Entertainment
Utilities
R and M - Clubhouse
Grounds Maintenance
Sch. 8
Sch, 9
Sch. 10
Sch. 11
Sch. 12
Total Unapportioned Expenses
346,895 366,490 363,850 394,943
363,193 340,075 354-,900 168,653
710,088 706,565 718,750 563;187
(132,404) (96,665) (152,368) (141,887)
93,964 103,000 99,680 95;884
19,224 14,000 13,026 500
29,274 31,500 31,400 32,000
34,175 38,850 36,468 39,590
6,417 9,350 8,286 9,989
183,054 196,700 188,860 177,,963
Net Cost of Operations (315,458) (293,365) (342,228)- (319,850)
Membership Dues Sch. 16 385,124 423,000 428,000 460 000
Dues Available for Fixed Charges 69,666' 129,635 86,772 3,40,150
Insurance Sch. 14 .17,058 18,000 21,704 21,750
Dues Available for Debt Service
and R,O,F, Requirement 52,608 111,635 65,068 118,400
Debt Service Contribution Sch. .13 54,587 61,537 61,537 56,120
Transfer to R,O,F, Sch. 15 - 50,098 15,300 62,175
Total R,O,F, and Debt Service 54,587 111,635 76,837 118,295
Undistributed Dues $ (1,979) - (11,769 $ 105
J.
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VILLAGE OF NORTH PALM BEACH SCHEDULE 3
COMPARATIVE ANALYSIS OF TAXABLE VALUATION
FOR TFIE FISCAL YEARS 1977-78 & 1978-79
. 1977-78 1978-79
Total Real Property Valuation 205,039,902 214,653,017
Total Personal Property Valuation 19,223,908 22,549,676
Total Property Valuation 224,273,810 237,202,693
Deductions:
Inventory (75% - 90%) 2,162,103 2,765,070
Government Exemption 8,124,838 8 746,922
Widow's Exemption 174,000185,000
Disability Exemption 497,419 495,587
Institutional Exemption 4,735,927 4,914,262
Constitutional Homestead Exemption 16,958,362 17,503,862
Senior Homestead Exemption 3,768,556 4,302,760
Total Deductions: 36,421,205 38,913,463
Taxable Valuation 187,852,605 198,289,230
Millage 6.241 5.731
Ad Valorem Tax 1,172,388 1,136,396
DISTRIBUTION OF AD VALOREM TAX
PER MILEAGE
Operating Millage 5:673 5:191
Debt Service Millage .568 .540
6.241 5.731
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