1. 1 Leif J. Ahnell City Manager City of Boca Raton Fiscal Year 2006-07 Budget Presentation City of Boca Raton

2. 2 Goals of the City of Boca Raton Financially Sound City Government Financially Sound City Government Top Quality Municipal Services Top Quality Municipal Services Strong Partnership with our Stakeholders Strong Partnership with our Stakeholders

3. 3 City of Boca Raton Policy Agenda Priorities for FY 2006-07 Top Priority Workforce Housing Policy Direction & StrategyWorkforce Housing Policy Direction & Strategy Downtown Vision and Spine DirectionDowntown Vision and Spine Direction FAU StrategyFAU Strategy FAU / Boca Raton Community Hospital ProjectFAU / Boca Raton Community Hospital Project

4. 4 City of Boca Raton Policy Agenda Priorities for FY 2006-07 High Priority Downtown Traffic Study & DesignDowntown Traffic Study & Design Light Industrial Research Park StudyLight Industrial Research Park Study Florida Atlantic University/I-95 InterchangeFlorida Atlantic University/I-95 Interchange Retirement / Pension Cost Containment StrategyRetirement / Pension Cost Containment Strategy Wildflower Property Direction & ActionsWildflower Property Direction & Actions

5. 5 Goals of the City of Boca Raton Financially Sound City Government Financially Sound City Government – AAA rated City by rating agencies –Adequate Reserves –Demonstrated leadership of elected officials and management team

6. 6 Boca Raton Facts Total Budget $430,388,100 Total Budget $430,388,100 Employees Full Time Equivalent 1,765 Employees Full Time Equivalent 1,765 Population 85,377 Population 85,377 No. of Dwelling Units 43,400 No. of Dwelling Units 43,400 Assessed Value $19.940 billion Assessed Value $19.940 billion Bond Rating AAA Bond Rating AAA

7. 7 Boca Raton Facts Land Area 28 sq. miles Land Area 28 sq. miles No. of Parks 39 No. of Parks 39 Acres of Parks 866 Acres of Parks 866 No. of Police Officers 198 No. of Police Officers 198 No. of Firefighters 200 No. of Firefighters 200 No. of Fire Stations8 No. of Fire Stations8

8. 8 Boca Raton Facts No. of Police calls per year 59,240 No. of Police calls per year 59,240 No. of Fire calls per year 17,115 No. of Fire calls per year 17,115 No. of users of Parks 5,000,000 No. of users of Parks 5,000,000 Cost to operate Police & Fire $63.96m Cost to operate Police & Fire $63.96m Total Property Taxes collected$62.51m Total Property Taxes collected$62.51m (excluding debt service) (excluding debt service) Avg No. of people in City daily 350,000 Avg No. of people in City daily 350,000

9. 9 Your Property Tax Bill by Taxing Authority

10. 10 Tax Bill $350,000

11. 11 City of Boca Raton Proposed Budget for 2007 Home with a Taxable Value Of $350,000 MillageTaxMillageTaxMillageTaxPercent Total Millage Rate 3.7062 $ 1,297.173.5886 $1,256.01(0.1176) $ (41.16)(3.17%) FY 2005-06FY 2006-07CHANGE

12. 12 Boca Raton Average Taxable Value of Residential Properties

13. 13 Boca Raton Taxable Value of Commercial Properties

14. 14 Boca Raton Historical Tax Rates

15. 15 Boca Raton compared to other cities

16. 16 Boca Raton Fire Assessment Fee

17. 17 City of Boca Raton Totals Expenditure by Category Approved2006Recommended2007$Variance%Variance PersonalServices74,224,40078,036,700 Other Operating 24,670,80028,654,500 Supplies 3,726,800 3,726,800 3,843,100 3,843,100 Capital Outlay 576,700 576,700 650,900 650,900 Transfers 6,233,300 6,233,300 5,993,100 5,993,100 TOTALS$109,432,000$117,178,300$7,746,3007.08% General Fund – Operating Costs Proposed Budget for 2007

18. 18 City of Boca Raton General Fund Increased Operating Costs Police & Fire Salaries & Benefits$ 2,479,900Police & Fire Salaries & Benefits$ 2,479,900 General Employees Salaries & Benefits 729,300General Employees Salaries & Benefits 729,300 Fuel 1,088,600Fuel 1,088,600 Health Insurance 838,400Health Insurance 838,400 Payment to CRA 749,400Payment to CRA 749,400 Electricity 544,500Electricity 544,500 Vehicle Replacement Fund 486,700Vehicle Replacement Fund 486,700 Property Insurance 186,200Property Insurance 186,200 New Programs and Personnel 275,700New Programs and Personnel 275,700 Other Operating Costs 367,600Other Operating Costs 367,600 Total General Fund $ 7,746,300

19. 19 Boca Raton Water and Sewer Rates

20. 20 City of Boca Raton FY 2006 - 07 BUDGET CALENDAR Tentative Budget Public Hearing September 11, 20066:00 p.m. City Council Chambers FINAL Budget Public Hearing September 25, 20066:00 p.m. CITY COUNCIL CHAMBERS