2013 BUDGET Presented by the OFFICE OF THE VILLAGE MANAGER Yocelyn Galiano Gomez Village Manager

Budget Summary Proposed Budget: $16,624, % Increase over last year’s budget Approximately 1% reduction from the projection in the Pro Forma Budget

Possible Fiscal Stability Impacts Negative Impacts: Constitutional Amendment 4 – November 2012 Ballot Village experienced slight population growth 1.2 percent, however down from 2010 by 3% Regional CPI significantly higher than National CPI Slow expansion of job market can impact sales tax revenues Positive Impacts: Home building business is starting to improve – 12% increase in permit activity Pinecrest experienced a 2.52% increase in taxable value Sales tax revenues exceeded projections by approximately 4%.

MILLAGE RATES 16 year average rate: $2.2058

Ranking of 2012 Proposed Millage Rates MillageMunicipalities orCity / Total CodeCounty AreasUnincorporated MillagesSchool MillagesRegional MillagesCounty Wide MillagesOtherMillage City/UMSADebtMisc.OperatingDebtEvr.So. FlaFINDCountyDebtFire &FireLibraryChildren's MillageServiceMillage ServiceProj.Wtr Mgmt MillageServiceRescueDebt Trust 1700Biscayne Park Opa-Locka Opa-Locka Golden Beach Miami Shores North Miami Beach North Miami Beach El Portal North Miami Indian Creek Florida City Miami Springs West Miami Miami (DDA) Miami Gardens Homestead North Bay Village Miami Medley Virginia Gardens Hialeah Gardens Surfside Bal Harbor Islands Miami Beach South Miami Miami Beach Hialeah Coral Gables Cutler Bay Sweetwater Sunny Isles Beach Palmetto Bay Doral Miami Lakes Pinecrest Bal Harbor Uninc. County Aventura Key Biscayne

Significant Revenue Considerations Approximately 2.5 % increase in taxable value ($3,551,445,114 to $3,639,363,100) Communication Service Tax is down Building Permit activity is up – generating an additional $293,425 in revenues Intergovernmental Revenues are up $95,050 Increased programing at Pinecrest Gardens and Community Center resulted in revenue increaes of $537,970 Total revenue increase for FY 2013 is $1,235,935

Proposed General Fund Expenditures CLASSIFICATION ACTUAL BUDGET MONTH EST MGR REC COUNCIL ADOPT EXPENDITURES BY DEPARTMENT: Village Council$ 329,782$ 188,706$ 196,038 $ 153,200 Village Manager’s Office630,260565,610506,865587,610 Village Clerk’s Office261,590235,330234,123271,730274,430 Finance Department347,500358,820321,994345,820 Village Attorney315,440266,500316,500353,000 General Government1,338,7791,375,2401,242,6391,384,570 Police Department7,106,9627,120,8906,876,5587,376,080 Building and Planning Department1,501,2141,521,3351,474,2521,698,520 Public Works Department659,484716,186660,693660,360 Parks and Recreation Department1,177,0951,114,6401,113,6641,182,130 Community Center792,227783,840778,913912,410 Pinecrest Gardens 1,513,223 1,598,776 1,521,495 1,696,550 TOTAL EXPENDITURES$ 15,973,556$ 15,845,873$ 15,263,734$ 16,621,980$16,624,680 Interfund Operating Transfers Out$ 1,555,702$ 1,650,050 $ 2,120,830$ 1,670,830 TOTAL GEN. FUND EXPENDITURES $ 17,529,258$ 17,495,923$ 16,913,784$ 18,742,810$18,295,510

General Fund Expenditure Categories ElementFY 2013 Proposed Budget Percent of Total Personal Services$ 11,652, % Operating4,730, % Capital Outlay182,6201.0% Grants and Aids59,7300.3% Sub Total$ 16,624,730 Transfers Out to Other Funds$ 1,670,8309.1% Total$ 18,295, %

Balancing with Reserves Historically, Village has balanced budgets and utilized reserves for large capital projects. Fiscal Year 2010 – used $318,000 to balance budget. Fiscal Year 2011 – used $635,872 to balance budget. Fiscal Year 2012 – anticipated using $23,260 from General Fund Balance to balance budget after millage adjustment and a $400,000 transfer from Capital Project Fund balance to make up the $423,260 shortfall. Fiscal Year 2013 – Recommends using $150,000 from reserves to cover capital projects. Total Capital Project Fund expenditures equal $887,930. No reserves being used for general operating expenditures.

Budget Message Maintains millage rate of $2.20 Provides a.5% salary increase for all union employees and 2% salary increase for all non- union employees Provides an increase in the Florida Retirement System employer contribution from 14.1 % to 18.97% (including 3% set aside as a liability awaiting a court determination) Increases staffing: 1 Permit Clerk, 1.5 Police Officers, 2 PT Park Service Aides, 2 PT Grounds Keepers and 1 Receptionist

Budget Wish List Items and Proposed Capital Projects Additional Council Expense: $3,000 Senior Newsletter: $4,100 YAC Jr. Orange Bowl Float: $1,000 YAC League of Cities Registration: $1,000 Community Event Support: $6,500 Radio Station Upgrade: $20,000 Police Task Force Participation: $116,500 Red Light Camera Program: $31,790 Clerk’s Office – Records Room: $10,000 Legislative Management Software: $30,000 Coral Pines Park Tennis Center Design: $40,000

Budget Wish List Items and Proposed Capital Projects Coral Pines Park Landscaping: $25,000 Waterline Extension Contribution: $75,000 Banyan Bowl Seating: $72,000 Butterfly House Repurpose: $20,000 Pinecrest Gardens Wi Fi: $35,000 PG Trail Refurbishment: $39,900 Cypress Hall Improvements: $143,500 Community Center Expansion: $131,000 Banyan Bowl Speakers: $6,500 Banyan Bowl Spot Light: $6,000

PG Lighting Improvements: $21,790 PG Splash-N-Play Feature: $5,500 PG Parking Lot Resurfacing: $12,740 PG Pump Replacement: $8,000 PG Old Well Restoration: $6,000 Hammock Pavilion: $200,000 Pine Needle/Rock Garden Lanes: $1,385,000 Budget Wish List Items and Proposed Capital Projects

Millage example $2.20 ResidentialTaxable ValueTax Bill Low$51,520$ Median$493,000$1, High$4,319,805$9, The median property owner with a taxable value of $493,000 will pay $1, next year and paid: $1, in FY 2011 $1, in FY 2010 $1, in FY 2009 $ in FY 2008

Ad Valorem Taxes with Millage Tentative Millage Proposed Millage Roll BackMajority Vote 2/3 VoteEach $7,607,523 $7,259,997$7,584,355$8,342,686$345,796

General Fund Balance Trend

Percent difference between Budget vs. actual expenditures

2012 Property Tax Distribution