08-31-2011 FY2012 Budget Workshop_RecapDT
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F
Fri Pi-i
0 i i
Day: Date:
Wednesday April 13"
® Wednesday May 4th
® Wednesday July 6th
North Palm Beach Village Council
FY2012 Budget Workshop
Proposed Schedule
Time:
7:pm -10:pm
11: am -4: pm
7: pm 10: pm
Subject:
Council Goal Setting
Staff [budget] Retreat
Country Club Budget (overview)
Wednesday jtlly th
0 Wednesday July 20th 7: pm 10: pm General Fund Budget (overview)
0 Thursday July 28"' Council Meeting Manager's Proposed Budget Presentation
® Wednesday August 3`d 7: pm 10: pm General Fund Budget (Public Safety & Public Works Departments)
0 Wednesday August 10ffi 7: pm 10: pm General Fund Budget (Parks & Recreation, Library, Council, Clerk,
Attorney, and Manager Departments)
® Wednesday August 24th 7: pm 10: pm General Fund Budget (Human Resources, Finance, 1. T., Community
Development, Debt, and Other Departments)
Wednesday August 31st 7: pm — 10: pm Budget Recap and Millage discussions.
* The FY2012 Budget Wor Jo�ScIthedule has been developed to serve as a guide only, dates and times are subject to change in
accordance with the "pierfecting" provisions of FSS.
sro'P
�r
01
Beginning Contingency
cowellsus Change;
Revenues:
Expenses:
Updated Health Insurance Rates
Updated Workers' Compensation Rates
Net Budgetary- Impact
Ending Contingency
Cauntry Club Changes
FY 2011 -2012
Discussion aid Budgetary
206,827
General Fund Changes
FY 2411 -2012
Beginning Accelerated Payment to General Employees Pension Plan (Discretionary Funds)
Consensus Change:
Revenues:
Change in revenue estimate - Municipal Rev. Sharing Program
Change in revenue estimate - Telecommunication Tax
Expenses:
Updated Health Insurance bites
Updated workers' Compensation Bates
Increase allocation for conferences, memberships & travel for V-M
IT Part -Time Position changed to Full -Tithe (salary, & benefits)
Contingence (based on 125% of budget)
Net Budgetary Impact
Discussion and Budgetary
As Proposed Consensus his Rc%ised Impact
334,717 (4,594) 330,123
810.499 (9,534) 800,965 (14,128)
1,415,969 (60,447)
1;355,522
200,449 (3,679)
196,770
1,740 10,082
11,822
32,161 24,083
56,243
'_23,51- 178
223,439
30,139
226,441
16.011
Ending Accelerated Payment to General Employees Pension Plan (Discretionary Funds) 242,452
TILLAGE OF NORTH PALM BEACH
GENERAL FUND
PRELINIEN ARY FUND BALANCE ANALYSIS
Unresen.ed, Undesignated Fund Balance For Fiscal Year 2009 - 2010
Appropnations 2010 -2011 (see detail below)
Estimated Net Income oLoss) FY 2010 -2011
Esttinated , Unreserved, Undesignated Fund Balance For Year 2010 - 2011
Unreserved, Undesignated Fund Balance as a percent of the Fiscal Year 2010 - 2011 Adopted General Fund
FY 2011 Budget Appropriations of Fund Balance
ORD #2011 -D7 Street Signs
ORD #2011 -08 Community Development Soflivare
ORD 42D1 1-12 Southwest Neighborhood Project
otal Fund Balance Appropriations Fiscal Year 2D11
270,619
89,222
431,992
This is a PRELIMINARY estimate only!
230,709
-792.033
S
10,443,099
(561,324)
S
9,881,775
56.45%
v
es facj*n
Id
ir
FY 2011 -2412
General Fund
Millage Options
MMA
Any Miffage Rate LESS than the rorred -back rate represents a TAX DEDUCTION! ---J�
7 Option #2
Current Fiscal Year
Option #1
Amer
inciu
Red
E 7.0512
S
Rofred-back rate
S
& 10,016,362
5
lacrudes Capitai
S
$ 213,932
$
1.25% Contingency
$
7.224
Millage Rate $ 6.9723
Total Budget
$ 17,506,072
$
17,875,08
TotalAd4- Valorem Proceeds
$ 10,222,389
$
10,261,82
Contingency
$ 2:18,827
$
223,43
(manager 8 Council)
Capital (non - developer) {'j
$
213,
(1) Totsi Genera! Fund Capital is $258,832 but
S45 000 is LeKizyng deveiaper contributions
Discretionary Funds
$ -
5
242,45
Es rim afed Unreserved, Undesignated Fund
Balance
$ 9,881,775
s
9,381,77
Unreserved, Undesignated Fund Balance as a
% of Budget
56%
55%
Budgetaryffax Impact:
Increasel(Deerease) over 2011 Budget
369,01
Percent Increasel(Decrease)
2.11
In creasel(D ecrease) over 2011 Ad- Valorem
$
39,43
Percent Increasel(Decrease)
0.39
MMA
Any Miffage Rate LESS than the rorred -back rate represents a TAX DEDUCTION! ---J�
7 Option #2
3 11,472
Millage Rai& - oMizing ALL
&scretri nary funds ($242,452)
into Mirlage
includes Capital
1.75% Corrtirrgeney
Amer
inciu
Red
E 7.0512
S
$ 17,629,622
S
& 10,016,362
5
$ 220,425
S
$ 213,932
$
i -
S
& 9;881;775
S
Sfi95
8 123,550
0.71%
$ (206.027}
V. 2.02%
c
y
S
Option 93 Option #4
ate Millage Rate Current FY 2011 Adiflage Plate
es Capita! rncfudes Capital
d Contingency Reduced Contingency
6.9999 $ 6.9723
17,556,750 3 17,517,544
9,943,490 3 9,904,284
1447,553 3 106,347
213,932 3 213,932
- S -
9,881,775 $ 9,881,775
56% 1 56%
50,678
3 11,472
0.29%
0.07%
(278,899)
3
(318,105)
-2.73%
-3-11%
Any millage rate lower than 7.0512 mils is not recommended; it will
adversely impact future years!
Questions &Answers ?