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05-18-2016 VC BWS-MPresent: ROLL CALL MINUTES OF THE BUDGET WORKSHOP SESSION VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA MAY 18, 2016 David B. Norris, Mayor Doug Bush, Vice Mayor Darryl C. Aubrey, Sc.D., President Pro Tem Robert A. Gebbia, Councilmember Mark Mullinix, Councilmember James P. Kelly, Village Manager Melissa Teal, Village Clerk Mayor Norris called the meeting to order at 7:00 p.m. All members of Council were present. All members of staff were present, except the Village Attorney. Finance Director Sarnia Janjua and IT Director Michael Applegate were present. The purpose of the meeting was to conduct a mid -year review of the FY 2016 Budget, including the Country Club and General Fund Budgets, Tax Distribution Schedule, and Village Investment Policy Update; discuss strategic planning for the Village; and determine the Council's FY 2017 goals and objectives. FY 2016 COUNTRY CLUB BUDGET REVIEW — MID -YEAR ENDING 3/31/16 • Country Club Revenues: $2,617,567 • Country Club Expenses: $2,234,638 • Country Club Mid -Year Preliminary Financials: revenues exceed expenses by $382,929 • Food & Beverage Revenues: $430,998 • Food & Beverage Expenses: $538,075 • Food & Beverage Mid -Year Preliminary Financials: expenses exceed revenues by $107,078 • Food & Beverage Inventory on Hand: $19,482.64 • Golf Revenues: $2,175,160 • Golf Expenses: $1,477,410 • Golf Memberships: 211 • Golf Rounds: 22,863 • Administrative Revenues: $11,410 • Administrative Expenses: $219,153 • FY 2016 Original Budget: $4,128,676 o Budget Amendment: $264,000 open purchase order carryover for Country Club Architectural Design Services • FY 2016 Revised Budget: $4,392,676 Discussion tools place concerning FY 2016 year-to-date food and beverage revenues and expenses compared to FY 2015 at mid -year. Discussion ensued regarding liquor COGS (Cost of Goods Sold) and food COGS as a percentage of liquor and food sales. Discussion was held regarding total Country Club expenses and the net revenue over expense at mid -year. Mr. Kelly detailed the areas where expenses are above the 50% benchmark and reported that total department expenses are tracking at 50.87%. Minutes of Village Council Budget Workshop Session held May 18, 2016 Page 2 of 5 FY 2016 GENERAL FUND BUDGET REVIEW — MID -YEAR ENDING 3/31/16 • General Fund Revenues: $16,029,853; an increase of $910,724 over FY 2015, primarily due to increased ad valorem tax revenue • General Fund Expenses: $9,955,934 • Transfers to other funds: $1,303,750 • General Fund Mid -Year Preliminary Financials: revenues exceed expenses by $4,770,170 • FY 2016 Original Budget: $20,524,967 o Budget Amendments: $519,889 total, including open purchase order carryover; Small Business Grant carryover; Grant Match • FY 2016 Revised Budget: $21,044,856 • Ad Valorem Taxes: $11,109,693 or 92.41 % of the budgeted amount • Tennis Revenues: $261,684 • Tennis Expenses: $219,970 • Tennis Mid -Year Preliminary Financials: revenues exceed expenses by $41,714 • Pool Revenues: $35,132 • Pool Expenses: $87,466 • Pool Mid -Year Preliminary Financials: expenses exceed revenues by $52,334 Regarding the Tax Distribution Schedule, Mr. Kelly advised that the Village would receive four more tax distributions during FY 2016. Mrs. Janjua reported the Village typically receives 102% of budgeted ad valorem revenue. Mr. Kelly reported that total department expenses are tracking at 50.43%. Mr. Kelly detailed the departments that are above the 50% benchmark. Brief discussion ensued regarding sanitation collection. It was requested that Mr. Kelly provide Council with a summary of the number of tons of garbage and vegetation collected. Mr. Kelly stated the information would be provided on June 9th. Mr. Kelly reported that Tennis net revenue over expense was $41,714 at mid -year. Mr. Kelly announced one additional team signed up for this year's league. Discussion took place concerning pool revenues and the proposed addition of a splash park feature and other amenities when the new clubhouse is completed. Pool maintenance was discussed. INVESTMENT POLICY Mrs. Janjua reviewed the Village's Investment Policy and the status of Village investments. • $8,409,872 to date transferred for investment as core funds, representing 40.97% of FY 2016 General Fund adopted budget ($20,524,967) • Core investment portfolio market value: $9,042,464 as of 3/31/16 (inclusive of accrued interest and cash on -hand at the custodial bank) • 2015 Audit Report (CAFR) of Village financial statements for year ending 9/30/15 found that Village investments are in accordance with the Village's investment policy • Total cash on hand: $11,549,125 as of 3/31/16 • General Fund Unassigned Fund Balance: $10,802,623 as of 9/30/15 (52.63% of FY 2016 Adopted Budget) • Country Club Unrestricted Net Assets: $544,523 as of 9/30/15 Discussion took place concerning the appropriate use of reserves and the amount of funds that should be maintained in reserves. Minutes of Village Council Budget Workshop Session held May 18, 2016 Page 3 of 5 STRATEGIC PLANNING Mr. Kelly reviewed the draft Strengths, Weaknesses, Opportunities, & Threats (SWOT) analysis. Council discussion ensued and the SWOT analysis was revised as follows: f. 011-macom -1 Strong financial position Safe place to live Quality of Life Unified Council High quality staff/level of service Advisory Board/citizen participation Location/waterways Tradition — 2nd & 3rd generation residents Vision and willingness to invest in the future K-8 public school in our Village Jack Nicklaus Signature Golf Course WEAKNESSES Resistance to change/rumors Underutilized commercial properties No current anchor or destination Aged/deteriorated buildings in our community Dated infrastructure Traffic flow on Northlake Boulevard and Parker Bridge Not perceived as "business -friendly" OPPORTUNITIES Annexation Digital communications — citizen self-serve/online Redevelopment/implementation of master plan Utilize the waterfront New Country Club facilities-destination/gathering place Return on investment (Country Club/Master Plan) Coalition of business & commercial property owners Potential expansion of the public school to K-12 WalkabilityBike Friendly Provide opportunities for our citizens to help memorialize the Village through donations THREATS Federal/State/County pressures on authority of municipalities Neighborhood decline/crime/special needs properties Sober homes in residential areas Increase in costs Discussion took place regarding establishing a volunteer group to build a sense of community by helping neighbors with home maintenance, such as painting a house or repairing a fence. Councilmembers were supportive of this idea. Consensus was that although the Village may be able to offer some support, similar to that provided to Support Our Troops USA, Inc.; it would need to be run by a group of private citizens. Discussion was held concerning sober homes in residential neighborhoods. It was noted that State Attorney Aronberg was forming a task force to address this issue and the Village should look into the possibility of having a member of our police force on the task force. MISSION STATEMENT We sustain North Palm Beach as the "Best Place to Live Under the Sun" through superior services, timeless traditions, quality amenities. VISION STATEMENT North Palm Beach will be known for our unparalleled amenities and innovative approach to meeting the needs of our safe and secure community through continuous improvement in infrastructure and service delivery as identified by our stakeholders. OUR VALUES We Create Exceptional Public Service Through: • Our People — We care about our people and actively advocate diversity, safety, and personal growth. • Continuous Improvement — We are committed to excellence and professionalism. • Integrity — We are transparent, honest, ethical, and have mutual respect for all people. Minutes of Village Council Budget Workshop Session held May 18, 2016 Page 4 of 5 FY 2017 GOALS AND OBJECTIVES Mr. Kelly distributed draft goals and objectives for discussion. Council considered and prioritized its goals and objectives for FY 2017 as follows: 1. Provide a sustainable financial base for the Village a. Ensure equitable taxes and fees for Village services. b. Keep taxes and fee growth as close to inflation rates and property value as possible. c. Implementation of Master Plan to encourage new businesses and promote economic development. d. Actively pursue annexation opportunities. e. Pursue the best facility and land utilization for the benefit of all Village residents. f. Explore all opportunities for sources of funds. 2. Maintain a high quality of life and improve the overall appearance in the Village a. Improve and maintain Village waterways as a unique Village asset. b. Maintain the highest quality of public safety services through accreditation of its law enforcement component and through fire rescue level of service partnerships. c. Enhance communication with residents through mediums such as the Village Newsletter and website, and other forms of communication. d. Provide more interactive opportunities for all citizens to participate in Village direction, activities, and facility decisions. e. Maintain service levels. f. Update the Code of Ordinances to match contemporary requirements and to encourage redevelopment consistent with the Master Plan. g. Improve code compliance and education with special emphasis towards the abatement of "special needs" properties. 3. Maintain quality of all recreational facilities of the Village a. Maintain high level of appearance and condition of Village parks and recreational facilities, including the Country Club. b. Reinvigorate recreational activities for a fresh approach that is responsive to the current interests of residents to include, but not be limited to: 1. Increased involvement in recreational activities by expanding programs for all age groups. 2. Enhancement and promotion of pool, tennis, and park amenities. 4. Build a new Country Club Clubhouse a. Release construction RFP. b. Break ground during Fiscal Year 2017. 5. Implement the Master Plan for business economic development in our commercial corridors and community development in our neighborhoods a. Review Comprehensive Plan and Land Development regulations to make recommendations that would facilitate the implementation of the Master Plan. b. Prepare marketing strategies. c. Facilitate the creation of a coalition of business and commercial property owners to revitalize and redevelop our commercial corridors. d. Identify grant opportunities. Minutes of Village Council Budget Workshop Session held May 18, 2016 Page 5 of 5 6. Continuously improve the way the Village operates a. Encourage resident participation on Village Boards and in programs and events. b. Improve communication with businesses, encouraging participation of businesses in Village events. c. Assess key work, processes to determine what services can be improved and implement improved procedures. d. Provide a human resources capability that brings consistency in policies and procedures across all departments while remaining current, relevant, and compliant with federal, state, and local personnel and labor laws. 7. Complete the implementation of the pay for performance system a. Create management/employee workgroups to: 1. Establish appropriate performance measures based upon job descriptions; 2. Create procedures for the evaluation process; and 3. Set goals and objectives. b. Complete implementation of pay for performance for appropriate personnel before the end of FY 2017. 8. Implement and maintain a long-term (10 -year) capital plan a. Proactively address infrastructure maintenance and replacement needs. b. Maintain a consistent level of expenditures to achieve Village goals. c. Plan funding needs, where possible, to avoid substantial debt or tax swings. ADJOURNMENT With no further business to come before the Council, the meeting adjourned at 9:02 p.m. Melissa Teal, MMC, Village Clerk,