FY 2016 Financial HighlightsAbout the Village of North Palm Beach
The Village of North Palm Beach is
primarily a residential community, having
been incorporated as a political subdivision
of the State of Florida in 1956. The
registered population of the Village is
approximately 13,000, which increases to
approximately 18,000 during the winter
months. Residents are generally in the
middle to upper income brackets.
Located in the northeastern quadrant
of Palm Beach County, Florida, the Village
has an abundant amount of waterfront
property created by a number of lakes,
canals, and the Atlantic Ocean.
The governing body of the Village con-
sists of a five member Village Council, each
of whom is elected to two-year overlapping
terms. The Mayor is selected by majority
vote of the Council and serves for a term of
one year. Day to day affairs of the Village
are under the leadership of a Village
Manager who is appointed by the Council.
THE VILLAGE OF
PRINCIPAL OFFICIALS
(AT SEPTEMBER 30, 2016)
DAVID B. MORRIS
MAYOR
DOUG BUSH
VICE MAYOR
DARRYL C. AUBREY
PRESIDENT PRO TEM
ROBERT A. GEBBIA
COUNCIL MEMBER
MARK MULLINIX
COUNCIL MEMBER
JAMES P KELLY
VILLAGE MANAGER
SAMIA JANJUA
DIRECTOR OF FINANCE
MELISSA TEAL
VILLAGE CLERK
About the Village of North Palm Beach
The Village of North Palm Beach is
primarily a residential community, having
been incorporated as a political subdivision
of the State of Florida in 1956. The
registered population of the Village is
approximately 13,000, which increases to
approximately 18,000 during the winter
months. Residents are generally in the
middle to upper income brackets.
Located in the northeastern quadrant
of Palm Beach County, Florida, the Village
has an abundant amount of waterfront
property created by a number of lakes,
canals, and the Atlantic Ocean.
The governing body of the Village con-
sists of a five member Village Council, each
of whom is elected to two-year overlapping
terms. The Mayor is selected by majority
vote of the Council and serves for a term of
one year. Day to day affairs of the Village
are under the leadership of a Village
Manager who is appointed by the Council.
THE VILLAGE OF
NORTH PALM BEACH,
FLORIDA
FINANCIAL
HIGHLIGHTS
FOR THE YEAR ENDED
SEPTEMBER 30, 2016
About the Village of North Palm Beach
The Village of North Palm Beach is
primarily a residential community, having
been incorporated as a political subdivision
of the State of Florida in 1956. The
registered population of the Village is
approximately 13,000, which increases to
approximately 18,000 during the winter
months. Residents are generally in the
middle to upper income brackets.
Located in the northeastern quadrant
of Palm Beach County, Florida, the Village
has an abundant amount of waterfront
property created by a number of lakes,
canals, and the Atlantic Ocean.
The governing body of the Village con-
sists of a five member Village Council, each
of whom is elected to two-year overlapping
terms. The Mayor is selected by majority
vote of the Council and serves for a term of
one year. Day to day affairs of the Village
are under the leadership of a Village
Manager who is appointed by the Council.
Governmental Revenues
The following graph presents revenues of the Village's
governmental funds for the past five years.
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
■Taxes ■ IntergoverrmeNal
❑Charges for Services ❑ Licenses & Pemuts
■Interest ®Other
2012 2013 2014 2015 2016
Components of revenue changed as follows:
Total revenues increased 6.8% over 2015. The
largest increase was in ad valorem taxes. The
increase in Licenses & Permits was primarily due
to $206,000 in developer fees.
Governmental Expenditures
The following graph presents total expenditures of the
Village's governmental funds for the past five years.
General Fund Unassigned
Fund Balance
The following graph presents the general fund
unassigned fund balance (available, spendable resources)
for the nast five vears.
Country Club Operations
The following chart presents the operating
revenues and expenses for the Country Club for
the past five years.
Operating Revenue
$ 3,788,852
Increase
$ (68,279)
2015
2016
(Decrease)
Ad Valorem Taxes
$ 11,364,888
$ 12,253,917
$ 889,029
Other Local Taxes
1,614,758
1,652,104
37,346
Franchise & Utility Taxes
3,520,257
3,567,106
46,849
Intergovernmental
426,037
401,882
(24,155)
Charges for Services
2,231,673
2,364,013
132,340
Licenses & Permits
947,158
1,235,782
288,624
Interest
108,794
103,353
(5,441)
Other
250,342
282,784
32,442
Total
$ 20,463,907
$ 21,860,941
$ 1,397,034
Total revenues increased 6.8% over 2015. The
largest increase was in ad valorem taxes. The
increase in Licenses & Permits was primarily due
to $206,000 in developer fees.
Governmental Expenditures
The following graph presents total expenditures of the
Village's governmental funds for the past five years.
General Fund Unassigned
Fund Balance
The following graph presents the general fund
unassigned fund balance (available, spendable resources)
for the nast five vears.
Country Club Operations
The following chart presents the operating
revenues and expenses for the Country Club for
the past five years.
Total expenditures decreased by 0.7% from 2015, with
most of the decrease due to reduced capital outlay
spending.
uenerat fund unassigned fund balance at'3eptember
30, 2016 was $10,724,049. This represents
approximately 54% of expenditures for fiscal year 2016.
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as follows:
2015 2016 (Decrease)
Operating Revenue
$ 3,788,852
Increase
$ (68,279)
2015
2016
(Decrease)
Public Safety
$ 8,966,077
$ 9,129,947
$ 163,870
Public Works
4,255,636
4,266,749
11,113
Leisure Services- Recreation
2,514,495
2,448,164
(66,331)
General Government
2,904,553
2,876,521
(28,032)
Community Dev. & Planning
1,270,399
1,351,061
80,662
Capital Outlay
1,530,430
1,209,249
(321,181)
Total
$ 21,441,590
$ 21,281,691
$ (159,899)
Total expenditures decreased by 0.7% from 2015, with
most of the decrease due to reduced capital outlay
spending.
uenerat fund unassigned fund balance at'3eptember
30, 2016 was $10,724,049. This represents
approximately 54% of expenditures for fiscal year 2016.
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as follows:
2015 2016 (Decrease)
Operating Revenue
$ 3,788,852
$ 3,720,573
$ (68,279)
Operating Expenses
3,707,481
3,728,664
21,183
Operating income (loss)
81,371
(8,091)
(89,462)
Nonoperating revenues (expenses) 0 24,786)
(71,260)
53,526
Income (loss)
$ (43,415)
$ (79,351)
$ (35,936)
The Operating loss increased by $89,462 from
2015. This was primarily due to the restaurant
operations which were outsourced to a private
contractor in October 2016.