1. 2013 BUDGET Presented by the OFFICE OF THE VILLAGE MANAGER Yocelyn Galiano Gomez Village Manager

2. Budget Summary Proposed Budget: $16,624,680 4.9% Increase over last year’s budget Approximately 1% reduction from the projection in the 2011-2016 Pro Forma Budget

3. 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%.

4. MILLAGE RATES 16 year average rate: $2.2058

5. Ranking of 2012 Proposed Millage Rates MillageMunicipalities orCity / Total CodeCounty AreasUnincorporated MillagesSchool MillagesRegional MillagesCounty Wide MillagesOtherMillage City/UMSADebtMisc.OperatingDebtEvr.So. FlaFINDCountyDebtFire &FireLibraryChildren's20122011 MillageServiceMillage ServiceProj.Wtr Mgmt MillageServiceRescueDebt Trust 1700Biscayne Park9.5000 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500026.085125.6080 0800Opa-Locka9.3736 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500025.958725.8606 0801Opa-Locka 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500016.585116.7080 1900Golden Beach7.65561.5070 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500025.747725.2080 1100Miami Shores8.00000.7500 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500025.162625.3140 0700North Miami Beach7.60361.0409 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500025.057124.3901 0701North Miami Beach 1.0409 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500017.453517.7865 1800El Portal8.3000 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500024.885125.0080 0600North Miami8.1955 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500024.608124.9428 2100Indian Creek7.9518 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500024.536919.4280 1600Florida City7.7500 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500024.335124.4580 0500Miami Springs7.6480 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500024.233123.4480 1500West Miami6.8858 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500023.470923.5938 0101Miami (DDA)7.57100.90000.47807.76500.23300.06130.36760.03454.70350.2850 0.17250.500023.071423.2243 3400Miami Gardens6.3620 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500022.947123.2696 1000Homestead6.2435 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500022.828622.9997 2300North Bay Village4.77721.2355 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500022.597822.7207 0100Miami7.57100.9000 7.76500.23300.06130.36760.03454.70350.2850 0.17250.500022.593422.7463 2200Medley5.6500 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500022.235122.3580 2600Virginia Gardens5.4233 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500022.008422.1313 2700Hialeah Gardens5.3812 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500021.966322.2960 1400Surfside5.4000 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500021.812622.0285 1300Bal Harbor Islands5.2971 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500021.709721.8256 0201Miami Beach6.11220.25681.14787.76500.23300.06130.36760.03454.70350.2850 0.17250.500021.639221.7927 0900South Miami4.5728 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500021.157921.3742 0200Miami Beach6.11220.2568 7.76500.23300.06130.36760.03454.70350.2850 0.17250.500020.491420.6992 0400Hialeah6.3018 7.76500.23300.06130.36760.03454.70350.2850 0.500020.251720.6058 0300Coral Gables5.6690 7.76500.23300.06130.36760.03454.70350.2850 0.17250.500019.791420.1143 3600Cutler Bay2.9394 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500019.524519.2782 2500Sweetwater2.9200 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500019.505119.6280 3100Sunny Isles Beach2.8000 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500019.385119.5940 3300Palmetto Bay2.4470 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500019.032119.1550 3500Doral2.4376 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500019.022719.1456 3200Miami Lakes2.3518 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500018.936919.0598 2000Pinecrest2.2000 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500018.785118.9080 1200Bal Harbor2.2678 7.76500.23300.06130.36760.03454.70350.28502.44960.0131 0.500018.680418.9753 3000Uninc. County1.9283 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500018.513418.7163 2800Aventura1.7261 7.76500.23300.06130.36760.03454.70350.28502.44960.01310.17250.500018.311218.4341 2400Key Biscayne3.2000 7.76500.23300.06130.36760.03454.70350.2850 0.17250.500017.322417.4453

6. 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

7. Proposed General Fund Expenditures CLASSIFICATION 2010-11 ACTUAL 2011-12 BUDGET 2011-12 12 MONTH EST 2012-13 MGR REC 2012-13 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

8. General Fund Expenditure Categories ElementFY 2013 Proposed Budget Percent of Total Personal Services$ 11,652,11063.7% Operating4,730,22025.9% Capital Outlay182,6201.0% Grants and Aids59,7300.3% Sub Total$ 16,624,730 Transfers Out to Other Funds$ 1,670,8309.1% Total$ 18,295,510100.0%

9. 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.

10. 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

11. 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

12. 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

13. 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

14. Millage example $2.20 ResidentialTaxable ValueTax Bill Low$51,520$113.34 Median$493,000$1,084.60 High$4,319,805$9,503.57 The median property owner with a taxable value of $493,000 will pay $1,084.60 next year and paid: $1,075.80 in FY 2011 $1,028.86 in FY 2010 $1,028.86 in FY 2009 $968.66 in FY 2008

15. Ad Valorem Taxes with Millage Tentative Millage Proposed Millage Roll BackMajority Vote 2/3 VoteEach.10 2.20 2.09952.19332.4126.1000 $7,607,523 $7,259,997$7,584,355$8,342,686$345,796

16. General Fund Balance Trend

17. Percent difference between Budget vs. actual expenditures

18. 2012 Property Tax Distribution