City of Parkland Fiscal Year Proposed Budget Commission Workshop August 18, 2010

Agenda  TRIM/Millage Rate  Fire Assessment  Solid Waste Assessment  All Funds Overview  General Fund Overview  Budget Highlights  Millage Rate Comparisons  Capital Replacement Fund Overview  Capital Projects Fund Overview

TRIM/Millage Rate  Proposed Millage Rate – No Change  Current Year Gross Taxable Property Value $2.82 billion  Prior Year Gross Taxable Property Value $3.09 billion (before adjustments)  New Construction/Value $30 million  Total Loss of Taxable Value $292 million  Loss of Ad Valorem Revenue $1 million  Rollback Rate

Fire Assessment Methodology Report  New Community Strategies Report  Maximum Assessment for FY 2011  $ Residential  $ Commercial square foot

TRIM/Fire Assessment  Proposed Fire Assessment Rate $210 Residential and $ sq ft Commercial  Prior Year Fire Assessment Rate $161 Residential and $ sq ft Commercial  Increase of $49 per household or 30% and $ sq ft Commercial or 175%  Assessment Collected 75% of total Fire related costs  Increase in Fire Assessment Revenue $581,588

TRIM/Solid Waste Assessment  FY 2011 Solid Waste Assessment  $ Residential  Commercial Fees collected by Waste Management per Franchise Agreement

Solid Waste on Tax Bill How It Impacts Residents  Annual Rate $2.40 lower  Early Tax Discount (up to 4%) Applies to Solid Waste Fee- Annual Rate could be $15.42 lower  April 1- No CPI Increase  Oct 1- CPI Increase  Monthly Bulk Pickups  Eliminated Vacation Credits

Capital Replacement Fund $39,600 General Fund $20,946,000 Capital Projects Fund $1,544,400 All Funds Overview Proposed FY Total Budget $22,530,000

General Fund Overview FY 2010 FY 2011$ Change $19,552,100$20,946,000$1,393,900

Sources of Revenues

Expenditure Summary

Budget Highlights  No Change in Service Levels  Staffing Levels decreased by 1 Full Time Position  No Cost of Living for Employees (COLA)  No Merit Increases for Employees  Health Insurance Costs Increased by 8.5% (no additional cost to employees)  No Change in Crossing Guards and SROs  Non-Profit Donations Included (Family Central & Council for the Aging)

Department Budgets Excludes BSO & Fire Contracts, Non Departmental, Contingency and Transfers FY 2007-FY 2011 Decreased $2.8M or 24% FY 2010-FY 2011 Decreased $100K or 1%

Staffing Levels (Full-Time Employees) FY 2007-FY 2011 Reduced 24 positions or 28%

Proposed Neighboring Cities Millage Rate Comparison

Broward County Millage Rate Comparison  Parkland has 4 th Lowest Millage Rate in Broward County  Parkland was 1 of 9 Cities who did not increase their Operating Millage Rate  35% of Broward Cities went to Roll-Back Rate or Higher Proposed Rates

Fund Balance

Capital Replacement Fund Overview FY 2010 FY 2011$ Change $10,000$ 39,600 $29,600  $19,000 Fleet Replacement (P&R Truck)  $18,000 Computer Replacement & Contingency  $2,600 Reserve for Future Library Replacements

Capital Projects Fund Overview FY 2010 FY 2011$ Change $1,745,000$ 1,544,400 ($200,600)

FY 2011 Capital Projects  $500,000 Public Roadway Improvements  $451,100 Holmberg Road North Sidewalk  $400,000 Grant Funding  $335,300 Dog Park at Liberty Park  Funded by donations  $180,000 Terramar Park Light Replacement  $171,000 Grant Funding  $ 45,000 Terramar Park Solar Lights Hillsboro  Funded by donations  $ 28,000 Sport Lighting Protection System  $ 5,000 Library Meeting Room Floor

Existing Capital Projects Existing Capital Projects  Pine Tree Road Assessment  Terramar Park Renovation  Western Fire Station  Information Systems Upgrade  City Hall Renovation/Repair  Margate-Blount Archaeological Site  Public Roadway Improvements

Thank You Questions & Discussions CITY OF PARKLAND Florida