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City of Parkland Fiscal Year 2010-2011 Proposed Budget Commission Workshop August 18, 2010
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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
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TRIM/Millage Rate Proposed Millage Rate 4.0198 – 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 4.3841
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Fire Assessment Methodology Report New Community Strategies Report Maximum Assessment for FY 2011 $280.05 Residential $0.6622 Commercial square foot
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TRIM/Fire Assessment Proposed Fire Assessment Rate $210 Residential and $0.4965 sq ft Commercial Prior Year Fire Assessment Rate $161 Residential and $0.1800 sq ft Commercial Increase of $49 per household or 30% and $0.3165 sq ft Commercial or 175% Assessment Collected 75% of total Fire related costs Increase in Fire Assessment Revenue $581,588
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TRIM/Solid Waste Assessment FY 2011 Solid Waste Assessment $325.56 Residential Commercial Fees collected by Waste Management per Franchise Agreement
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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
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Capital Replacement Fund $39,600 General Fund $20,946,000 Capital Projects Fund $1,544,400 All Funds Overview Proposed FY 2010-2011 Total Budget $22,530,000
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General Fund Overview FY 2010 FY 2011$ Change $19,552,100$20,946,000$1,393,900
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Sources of Revenues
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Expenditure Summary
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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)
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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 $100K or 1%
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Staffing Levels (Full-Time Employees) FY 2007-FY 2011 Reduced 24 positions or 28%
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Proposed Neighboring Cities Millage Rate Comparison
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Broward County Millage Rate Comparison Parkland has 4 th Lowest Millage Rate in Broward County Parkland was 1 of 9 Cities who did not increase their Operating Millage Rate 35% of Broward Cities went to Roll-Back Rate or Higher Proposed Rates
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Fund Balance
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Capital Replacement Fund Overview FY 2010 FY 2011$ Change $10,000$ 39,600 $29,600 $19,000 Fleet Replacement (P&R Truck) $18,000 Computer Replacement & Contingency $2,600 Reserve for Future Library Replacements
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Capital Projects Fund Overview FY 2010 FY 2011$ Change $1,745,000$ 1,544,400 ($200,600)
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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
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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
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Thank You Questions & Discussions CITY OF PARKLAND Florida
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