FY 2013 Financial Highlights About the Village of North Palm Beach
PRINCIPAL OFFICIALS The Village of North Palm Beach is
primarily a residential community, having
(AT SEPTEMBER 30,2013 been incorporated as a political subdivision
THE VILLAGE OF of the State of Florida in 1956. The
registered population of the Village is
approximately 13,000, which increases to
NORTH PALM BEACH, approximately 18,000 during the winter
WILLIAM L. MANUEL months.Residents are generally in the
MAYOR FLORIDA middle to upper income brackets.
Located in the northeastern quadrant
DARRYL C. AUBREY `( of Palm Beach County, Florida, the Village
rhas an abundant amount of waterfront
VICE MAYOR I 1 , property created by a number of lakes,
canals, and the Atlantic Ocean.
ROBERA. CiEBBIA j The governing body of the Village con-
T O `� sists of a five member Village Council, each
PRESIDENT PRO TEM
`! ' of whom is elected to two-year overlapping
terms. The Mayor is selected by majority
DAVID B. NORRIS f vote of the Council and serves for a term of
one year.Day to day affairs of the Village
COUNCIL MEMBER are under the leadership of a Village
Manager who is appointed by the Council.
DOUG BUSH
COUNCIL MEMBER
ED GREEN _���
VILLAGE MANAGER FINANCIAL ] I�"
SAMIA JANJUA HIGHLIGHTS
DIRECTOR OF FINANCE
MELISSA TEAL
VILLAGE CLERK FOR THE YEAR ENDED
The information presented has been delved from the Basic Financial
SEPTEMBER 30, 2013 �-
Statements and information provided by the Village.It is not intended to 'sI
be a financial report under 11 1 ---
generally accepted accounting principles.
Governmental Revenues Governmental Expenditures General Fund Unassigned Country Club Operations
The following graph presents revenues of the Village's The following graph presents total expenditures of the Fund Balance The following chart presents the operating
governmental funds for the past five years. Village's governmental funds for the past five years. revenues and expenses for the Country Club for
The following graph presents the general fund the past five years.
unassigned fund balance (available,spendable resources)
�PU61iv Sa4ry �PU6tic WOSts for the past five years.
■Taxes ■IVtergovemm®bl oLdmve Services-Rttreatav oGevail GOVe,vmrnt
OChetg¢6 fM Services OLicevses&P¢,mib Mc ibioiry Dev.&Pleming �OWer GOVttomeIN. §s,lap,aea Opaeurq neranue �OpeatinA expaves
�C bl OUne
�mmesl saner $11500,000 P.M.
$20,000,0011
25,000,000
$18.000.0011 $3M.
70,000,000 $16,000,000 $3roa.
15,000,000 $14,000,000 $11,000,000 P.M.
$12.000.000 $3R0o.000
10,000,000 $10,000,000 P.M.
5,000,000 x8,000,000 $10,500,000 $,.-,,.
x6,000,000 V��
$4,000,000
$4,600,6¢6
$2,000,000 AVe .10
(x,000,000) $10
20W 2010 2011 2012 2013 aaoaoo Components of revenues and expenses changed
2x09 2010 2011 2012 2013 5-
as follows:
Components of revenue changed as follows: Components of expenditures changed as follows:
v�solu�oa
Increase
2012 2013 (Decrease)
Increase Increase Operating Revenue $3,582,760 $3,577,446 $ (5,314)
2012 2013 (Decrease) 2012 2013 (Decrease) $9,000,000 Operating Expenses 3,368,788 3,467,569 98,781
Ad Valorem Taxes $10,011,748 $ 9,981,391 $(30357) Public Safety $ 7,583,018 $ 7,947,221 $ 364,203 2009 2010 2011 2012 2013 Operating income(loss) 213,972 109,877 (104,095)
Other Local Taxes 1,401,466 1,449,073 47,607 Public Works 3,886,698 3,733,977 (152,721) Nonoperating revenues(expenses)059,900) (83,091) (76,809)
Franchise&Utility Taxes 3,343,518 3,358,540 15,022 Leisure Services-Recreation 2,374,748 2,491,559 116,811 Income Ooss) $ 54,072 $ 26,786 $(180,904)
Intergovernmental 453,581 630,382 176,801 General Government 2,328,568 2,346,261 17,713 General fund unassigned fund balance at September
Charges for Services 1,966,179 2,141,437 175,258 Community Dev.&Planning 844,748 933,117 88,369 30,2013 was$11,343,219. This represents Operating expenses increased primarily due to
Licenses&Permits 810,390 803,337 (7,053) Capital Outlay 495,254 1,110,051 614,797 approximately 65%of expenditures for fiscal year 2013. increased costs of approximately$82,000 in
Interest 90,968 37,029 (53,939) Total $17,513,034 $18,562,206 $1,049,172 food and beverage costs for the restaurant. The
Other 270,903 338,600 67,697 change in nonoperating revenues(expenses)was
Total $18,348,753 $18,739,789 $391,036
due to the gam on the sale of the old golf carts.
Total revenues increased 2.1%over 2012. Total expenditures increased 6%from 2012,with the
The largest increase was a grant for Osborne Park. most significant increase being Capital Outlay.
Improvements to Veterans and Osborne Parks were
the largest outlays.