City of Hallandale Beach Fire Assessment Program Update June 2015.

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Presentation transcript:

City of Hallandale Beach Fire Assessment Program Update June 2015

Current Fire Assessment Rates Estimated Net Revenue: $5,800, Residential Property Use CategoryRate Per Dwelling Unit Residential$145 Non-Residential Property Use CategoriesRate Per 100 Square Feet Commercial$36.83 Office$21.62 Industrial/Warehouse$9.23 Institutional$36.83 Pari-Mutuel Property Use CategoryRate Per Parcel Pari-Mutuel$144,253.99

5 Year Average Assessable Costs (Fiscal Year through ) 3 Fiscal Year Assessable Budget Fiscal Year Assessable Budget Fiscal Year Assessable Budget Fiscal Year Assessable Budget Fiscal Year Assessable Budget Five Year Average Assessable Budget Expenditures Personnel $7,047,840$7,392,106$7,767,074$8,177,494$8,629,012$7,802,705 Operating $526,475$542,270$558,538$575,294$592,553$559,026 Capital $55,436$57,099$58,812$60,576$62,393$58,863 Debt Service $335,131 Total Expenditures $7,964,882$8,326,605$8,719,555$9,148,495$9,619,089$8,755,725 Total Revenues $617,230 Total Net Expenditures $7,347,652$7,709,375$8,102,325$8,531,265$9,001,859$8,138,495 Total Additional Costs $553,049$580,276$609,852$642,138$677,559$612,575 Total Assessable Costs $7,900,702$8,289,651$8,712,177$9,173,403$9,679,418$8,751,070

Cost Apportionment: (Based On Calendar Year 2013 & 2014 Weighted Call Data) 4

Cost Apportionment (5 Year Average) (100% Funding) 5 Category Number of Weighted Calls Percentage of Weighted Calls Percentage of Five Year Average Assessable Costs Residential2, %$6,377,545 Commercial %$1,365,350 Industrial/Warehouse782.11%$184,293 Institutional %$515,514 Pari-Mutuel %$309,368 Total3, %$8,751,070

Parcel Apportionment 6 CategoryParcel Apportionment ResidentialPer Dwelling Unit Non-Residential Per 100 Square Feet of Improvement Area Per Building -Commercial -Industrial/Warehouse -Institutional -Pari-Mutuel

Parcel Apportionment Residential Property Use Category Dwelling Units Residential 27,414 Non-Residential Property Use Categories Total Square Feet Total Square Feet/100 Commercial4,247,74242, Industrial/Warehouse1,240,29012, Institutional1,272,21312, Pari-Mutuel866,7428,

Preliminary Assessment Rates (5 Year Average) (100% Funding) Estimated Net Revenue: $8,133,557 8 Residential Property Use CategoryRate Per Dwelling Unit Residential$233 Non-Residential Property Use Categories Rate Per 100 Square Feet Commercial$32.15 Industrial/Warehouse$14.86 Institutional$40.45 Pari-Mutuel Property Use Category Rate Per 100 Square Feet Pari-Mutuel$35.70

Additional Assessment Rate Scenarios 9 100%95%85%75%70% RESIDENTIAL PROPERTY USE CATEGORY Rate Per Dwelling Unit Residential$233$222$198$175$163 NON-RESIDENTIAL PROPERTY USE CATEGORIES Rate Per 100 Square Feet Commercial$32.15$30.54$27.33$24.11$22.51 Industrial/ Warehouse$14.87$14.12$12.64$11.15$10.41 Institutional$40.45$38.43$34.38$30.34$28.31 Pari-Mutuel$35.70$33.92$30.35$26.78$24.99 ASSESSABLE COSTS $ 8,751,864 $ 8,314,271 $ 7,439,084 $ 6,563,898 $ 6,125,749 INSTITUTIONAL/TAX- EXEMPT $ 350,597 $ 333,089 $ 297,986 $ 262,970 $ 245,375 GOVERNMENT $ 266,916 $ 253,607 $ 226,916 $ 200,224 $ 186,841 NET ASSESSMENT REVENUE $ 8,134,351 $ 7,727,575 $ 6,914,183 $ 6,100,704 $ 5,693,533

Fee Levels – Broward County 10

Policy Direction Funding Level Exemption Policy – Government Parcels – Institutional Tax Exempt Parcels Other Issues 11