FY 2017 Financial HighlightsPRINCIPAL OFFICIALS
(AT SEPTEMBER 30, 2017)
DARRYL C. AUBREY
MAYOR
ROBERT A. GEBBIA
VICE MAYOR
MARK MULLINIX
PRESIDENT PRO TEM
DAVID B. NORRIS
COUNCIL MEMBER
SUSAN BICKEL
COUNCIL MEMBER
ANDREW D. LuKASIK
VILLAGE MANAGER
SAMIA JANJUA
DIRECTOR OF FINANCE
MELISSA TEAL
VILLAGE CLERK
71
THE VILLAGE OF
NORTH PALM BEACH,
FLORIDA
� 1
FINANCIAL
HIGHLIGHTS
i
FOR THE YEAR ENDED
SEPTEMBER 30, 2017
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 consists 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.
Total revenues increased 6.4% over 2016. The
largest increase was in Ad Valorem taxes. Other
local taxes increased due to the new Infrastructure
Surtax that started in January 2017.
Governmental Expenditures
The following graph presents total expenditures of the
Village's governmental funds for the past five years.
■Public Safety ■Pante WorAs
■ Leisure Service--Reerealm ❑General Govenuneni
■C—intunity Dev. & Planning ■ Gtber G—MI-lit
525,000.000
520,000.000
S 15,000,000
S 10,000,000
55,000,000
S- V —
2013 2014 2015 2016 2017
Components of expenditures changed as follows:
2016
Public Safety
2016
Ad Valorem Taxes
$ 12,253,917
Other Local Taxes
1,652,104
Franchise &Utility Taxes
3,567,106
Intergovernmental
401,882
Charges for Services
2,364,013
Licenses & Permits
1,235,782
Interest
103,353
Other
282,784
Total
$ 21,860,941
Total revenues increased 6.4% over 2016. The
largest increase was in Ad Valorem taxes. Other
local taxes increased due to the new Infrastructure
Surtax that started in January 2017.
Governmental Expenditures
The following graph presents total expenditures of the
Village's governmental funds for the past five years.
■Public Safety ■Pante WorAs
■ Leisure Service--Reerealm ❑General Govenuneni
■C—intunity Dev. & Planning ■ Gtber G—MI-lit
525,000.000
520,000.000
S 15,000,000
S 10,000,000
55,000,000
S- V —
2013 2014 2015 2016 2017
Components of expenditures changed as follows:
2016
Public Safety
Increase
2017
(Decrease)
$ 13,091,985
$ 838,068
2,230,190
578,086
3,720,676
153,570
493,319
91,437
2,321,298
(42,715)
997,656
(238,126)
126,926
23,573
281,458
(1,326)
$ 23,263,508
$ 1,402,567
Total revenues increased 6.4% over 2016. The
largest increase was in Ad Valorem taxes. Other
local taxes increased due to the new Infrastructure
Surtax that started in January 2017.
Governmental Expenditures
The following graph presents total expenditures of the
Village's governmental funds for the past five years.
■Public Safety ■Pante WorAs
■ Leisure Service--Reerealm ❑General Govenuneni
■C—intunity Dev. & Planning ■ Gtber G—MI-lit
525,000.000
520,000.000
S 15,000,000
S 10,000,000
55,000,000
S- V —
2013 2014 2015 2016 2017
Components of expenditures changed as follows:
2016
Public Safety
$ 9,129,947
Public Works
4,266,749
Leisure Services -Recreation
2,448,164
General Government
2,876,521
Community Dev. & Planning
1,351,061
Capital Outlay
1,209,249
Total
$ 21,281,691
$22,924,809 $ 1,643,118
Total expenditures increased by 7.7% from 2016.
The increase in capital outlay was primarily due to
construction costs for the new country club, and the
increase in public works was due to expenses from
Hurricane Irma.
General Fund Unassigned
Fund Balance
The following graph presents the general fund
unassigned fund balance (available, spendable resources)
for the past five vears.
Country Club Operations
The following chart presents the operating
revenues and expenses for the Country Club for
the past five years.
General fund unassigned fund balance at September
30, 2017 was $1 1,81 1,468. This represents
approximately 52% of expenditures for fiscal year 2017.
%-,uruNurrcura yr rcvcuuca arra caNcrraca UuarrrCcu
as follows:
Increase
2017
(Decrease)
$ 9,166,060
$ 36,113
4,882,159
615,410
2,591,866
143,702
2,970,223
93,702
1,190,759
(160,302)
$22,924,809 $ 1,643,118
Total expenditures increased by 7.7% from 2016.
The increase in capital outlay was primarily due to
construction costs for the new country club, and the
increase in public works was due to expenses from
Hurricane Irma.
General Fund Unassigned
Fund Balance
The following graph presents the general fund
unassigned fund balance (available, spendable resources)
for the past five vears.
Country Club Operations
The following chart presents the operating
revenues and expenses for the Country Club for
the past five years.
General fund unassigned fund balance at September
30, 2017 was $1 1,81 1,468. This represents
approximately 52% of expenditures for fiscal year 2017.
%-,uruNurrcura yr rcvcuuca arra caNcrraca UuarrrCcu
as follows:
Net Income was $53,482, an increase of
$123,833 from 2016. This was due to the
restaurant operations which were outsourced to
a private contractor in October 2016.
2016
2017 (Decrease)
Operating Revenue
$ 3,720,573
$ 2,946,432 $
(774,141)
Operating Expenses
3,728,664
2,799,890
(928,774)
Operating income (loss)
(8,091)
146,542
154,633
Nonoperating revenues (expenses) (7 1,260)
(93,060)
(21,800)
Income (loss)
$ (79,351)
$ 53,482 $
132,833
Net Income was $53,482, an increase of
$123,833 from 2016. This was due to the
restaurant operations which were outsourced to
a private contractor in October 2016.