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Final Budget Hearing with back-upMAYOR: VICE MAYOR: COMMISSIONER: Scott W. Morgan Thomas M. Stanley Paul A. Lyons, Jr. Joan K. Orthwein Donna S. White September 18, 2020 PUBLIC HEARING BEING HELD BY THE TOWN COMMISSION OF THE TOWN OF GULF STREAM ON TUESDAY, SEPTEMBER 22, 2020 AT 5:01 P.M. IN THE WILLIAM F. KOCH, JR. COMMISSION CHAMBERS OF THE TOWN HALL, 100 SEA ROAD, GULF STREAM, FLORIDA. THIS PUBLIC HEARING WILL BE CONDUCTED USING COMMUNICATIONS MEDIA TECHNOLOGY. THE HEARING CAN BE ACCESSED ONLINE VIA WWW.GOTOWEBINAR.COM, INCLUDING ALLOWING FOR PUBLIC COMMENT. PLEASE SEE BELOW FOR DETAILS. AGENDA I. Call to Order. II. Roll Call. III. Consideration of Adopted Tentative Millage Rate and Adopted Tentative Budget for Fiscal Year 2020-2021. A. Explanation and discussion of Tentative Millage Rate as compared to the rolled back rate. B. Comment from the Commission and the public. IV. Adoption of the General Fund FINAL MILLAGE RATE for Fiscal Year 2020-2021. V. Adoption of the FINAL BUDGETS for Fiscal Year 2020-2021. A. General Fund B. Enterprise Fund (Water) C. Penny Sales Tax Fund VI. Resolutions. A. No. 20-08; A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE FINAL LEVYING OF AD VALOREM TAXES FOR THE TOWN OF GULF STREAM GENERAL FUND FOR FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. B. No. 20-09; A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE GENERAL FUND FINAL BUDGET FOR THE TOWN OF GULF STREAM FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. C. No. 20-10; A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE WATER FUND FINAL BUDGET FOR THE TOWN OF GULF STREAM FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. D. No. 20-11; A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE PENNY SALES TAX FUND FINAL BUDGET FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. VII. Adjournment. Interested persons may attend the Town Commission Public Hearing online via he Town of Gulf Stream GoToStage Channnel at https://gotostage.com/channe1/048c213aeb944472ab203904e30ccbdd from their computer, tablet, or smartphone. Interested persons may register AGENDA CONTINUED as an attendee to participate in the hearing by going to https;attendee.gotowebinar.com/register5664961392856706576 or directly to www.joinwebinar.com and enter meeting code 198-491-403. To receive additional information about this meeting, contact Rene Basel at (561)276-5116 or rbasel@gulf-stream.org. Written or other physical evidence must be submitted via email to rbasel@gulf-stream.org or faxed to (561)737-0188 no later than five (5) working days prior to the meeting. Public comments can also be emailed to rbasel@gulf-stream.org; faxed to (561)737-0188; or called in to (561)276-5116 no later than 8:00 a.m. the day of the meeting. SHOULD ANY INTERESTED PARTY SEEK TO APPEAL ANY DECISION MADE BY THE TOWN COMMISSION WITH RESPECT TO ANY MATTER CONSIDERED AT THIS MEETING, SAID PARTY WILL NEED A RECORD OF THE PROCEEDINGS, AND FOR SUCH PURPOSE, MAY NEED TO INSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. F.S.S. 286.0105 Final Budget Presentation Fiscal Year 2020-2021 TABLE OF CONTENTS SECTION PAGE(S) Manager's Summary 1-2 General Fund Revenues 3 General Fund Expenses 4-5 Water Fund 6 Infrastructure Penny Sales Tax Fund 7 Millage Rate Comparison 8 Labor Detail 9 Current CIP Schedule 10 TOWN OF GULF STREAM PALM BEACH COUNTY, FLORIDA COMMISSIONERS SCOTT MORGAN, Mayor THOMAS M. STANLEY, Vice -Mayor PAUL A. LYONS, JR. JOAN K. ORTHWEIN DONNA S. WHITE September 17, 2020 The Honorable Mayor and Members of the Town Commission of the Town of Gulf Stream, Florida Commissioners: Telephone (561) 276-5116 Fax (561) 737-0188 Town Manager GREGORY L. DUNHAM Town Clerk RITA L. TAYLOR In accordance with the requirements of State Statutes and Article II, Section 2-42 (6) of the Gulf Stream Town Charter, the proposed budget for the fiscal year beginning October 1, 2020 and ending September 30, 2021, is herewith submitted for your review and consideration. INTRODUCTION This document is the proposed fiscal plan for the operation of the Town of Gulf Stream during the next fiscal period. The budget is presented to the Town Commission in a format that substantially conforms to the standards of public financial presentations known as Generally Accepted Accounting Principles (GAAP) promulgated by the National Council of Government Accounting. It is intended that this presentation for review of the budget by the Town Commission clearly presents the operations of the Town and the use of tax dollars and other revenues. The annual operating budget is a basic fiscal document and once adopted, will become the fiscal work program for our community and provide the basis for carrying out the Town Commission's decisions on policies and programs for the improvement, growth, and orderly maintenance of the Town of Gulf Stream. The staff continues to work through the budget process with a focus on providing high quality services in an efficient manner while working within the limits of its existing revenue sources. NOTES FOR THE PROPOSED 2020-2021 GENERAL FUND AND WATER FUND The Town Commission has determined and directed that one of its primary goals is to rebuild its fund balance. To that end, the Town of Gulf Stream continued to demonstrate strong fiscal responsibility during FY 2019-20. The Town's ending unrestricted fund balances for the fiscal years since 2011 are as follows: • 2011 $1,432,019 • 2012 $ 951,144 • 2013 $ 752,858 • 2014 $ 815,709 • 2015 $1,338,829 • 2016 $2,571,676 • 2017 $3,783,058 • 2018 $4,947,793 • 2019 $5,669,187 GENERAL FUND • The proposed 2021 millage rate is 3.7591 which is the 2021 rolled back rate • Prior year (2020) millage rate was 3.8606 • Prior year (2020) budgeted ad valorem proceeds for operations - $4,618,484 • Ad valorem proceeds at proposed millage rate for 2021 operations - $4,621,805 • Prior year final gross taxable value for Gulf Stream - $1,195,147,298 • 2020 (calendar year) estimated gross taxable value for Gulf Stream - $1,227,409,563 • Additional full time Police Officer - $88,812 • AT&T legal contingency drawn down from fund balance - $600,000 100 SEA ROAD, GULF STREAM, FLORIDA 33483 -1- WATER FUND • CIP Planning Year for North Core District - $200,778 • Installation of "Smart Meters" town wide - $200,000 CAPITAL IMPROVEMENTS This year's budget will be highlighted by upgrades to the water distribution system. A town -wide conversion to smart meters will greatly benefit residents by giving them more access, information and control over their water consumption. The CIP Roadway and Water Distribution Project will have a planning and design year during FY 2021. Engineering, design, and permitting will be for the North Core Project and will use the Core Drainage Project from FY 2020 as a springboard to continue improvements to roadways, water distribution lines, and drainage. The staff has included in this document spreadsheets from the original 10-year Capital Improvement Plan and the most recently revised 10-Year Capital Improvement Plan. As you know, the Town revised the plan to address the AlA water main sooner rather than later in the plan. PERSONNEL Gulf Stream has a talented workforce that continually exhibits the skills and commitments necessary to deliver the highest quality of services to its residents. Investing in quality personnel and retaining them is of utmost importance to the Town. The manager will be discussing selective changes/additions to staff responsibilities, potential title changes and salary comparisons with neighboring towns. TOTAL BUDGET General Fund $6,188,555 Water Fund $1,367,000 Infrastructure Penny Sales Tax $ 50,800 TOTAL $7,606,355 ACKNOWLEDGEMENTS A document of this scope is the result of many hours of preparation by many people. Special recognition goes out to Town Clerk Rita Taylor, Police Chief Edward Allen, Finance Administrator Rebecca Tew and Staff Attorney Trey Nazzaro for their assistance in the preparation of this document. Respectfully submitted, Gregory L. Dunham, Town Manager 100 SEA ROAD, GULF STREAM, FLORIDA 33483 -2- General Fund Revenues Ad Valorem Taxes - Current Ad Valorem Taxes - Delinquent Early Payment Discount -Ad Valo Local Option Fuel Tax R&S Franchise Fees - FPL Franchise Fees - Gas Utility Service Tax - Electric Utility Service Tax - Gas Utility Service Tax - Propane Communications Services Tax Zoning/Code Review Fees Inspection Fee Federal Grants - Other State Grants - Other FL Revenue Sharing FL Rev Sharing -Alcoholic Bev Local Government 1/2c Sales Tx Fuel Tax Refund Recycle Revenue Sharing County Business Tax Payment in Lieu of Taxes -Water Certification, Copies, Misc Ot Miscellaneous Services Clerk's Charges & Fees Public Safety - Other Chrg/Fee Garbage Collection Fee Lot Mowing and Clearing Judgements and Fines Violations of Local Ordinances Interest On Investment Interest on Tax Collection Contributions - Community Other Contractual Agreements Other Miscellaneous Revenue Operating Transfer Total General Fund Revenues Final Budget Final Budget Adjusted 19-20 Proposed FY 20-21 FY 17-18 FY 18-19 $4,590,871 $0 ($170,000) $34,500 $113,000 $15,300 $162,000 $16,100 $12,500 $47,700 $63,700 $565,972 $0 $0 $21,700 $800 $71,000 $1,500 $1,500 $0 $29,700 $0 $15,000 $0 $0 $141,200 $0 $1,800 $0 $4,000 $0 $0 $15,400 $0 $0 S5.785.243 $4,618,123 $4,618,484 $0 $0 ($165,000) ($165,000) $34,000 $34,000 $115,000 $115,000 $12,500 $4,500 $167,000 $192,000 $16,800 $13,000 $15,000 $13,000 $55,000 $60,000 $70,000 $80,000 $517,696 $300,000 $0 $0 $0 $0 $22,000 $22,000 $600 $400 $71,000 $75,000 $1,300 $1,300 $500 $200 $0 $2,500 $29,700 $0 $700 $2,500 $0 $0 $100 $700 $0 $0 $141,000 $156,000 $0 $1,000 $1,200 $1,200 $400 $400 $36,000 $45,000 $2,500 $2,500 $12,000 $12,000 $15,800 $15,000 $2,000 $1,000 $0 $790,000 S5.792.919 S6.393.684 $4,621,805 $0 ($165,000) $29,000 $118,000 $3,800 $192,000 $13,000 $13,000 $ 57,000 $70,000 $300,000 $0 $0 $22,000 $400 $69,000 $1,300 $50 $1,600 $0 $2,500 $0 $700 $0 $156,000 $0 $1,200 $2,500 $50,000 $1,500 $12,000 $15,000 $200 $600,000 S6.188.555 -3- General Fund Expenditures Final Budget FY 17-18 Final Budget FY 18-19 Adjusted 19-20 Proposed FY 20-21 Finance/Administration Executive Salaries $108,151 $111,847 $114,747 Regular Salaries - Admin $310,951 $342,431 $361,668 Contingency - Miscellaneous $306,715 $508,192 $210,497 Overtime- Admin $5,297 $5,000 $5,000 FICA Taxes $34,356 $37,152 $36,795 Retirement Contributions $76,358 $84,405 $88,884 Life and Health Insurance $93,117 $97,666 $103,886 Legal Services -Planning Board $5,000 $5,000 $5,000 Misc. Prof Svcs.- Building Inspections $565,972 $517,696 $300,000 Misc Prof Svcs - TH $71,212 $33,000 $52,000 Accounting and Auditing Fees $15,500 $15,500 $15,500 Property Trash Removal/ Mowing $2,500 $3,000 $3,000 Travel and Per Diem - TH $5,500 $5,500 $4,500 Communication - TH $11,500 $11,000 $10,000 Postage $4,500 $3,500 $3,000 Electric - TH $9,000 $8,500 $8,000 Water $20,000 $20,448 $17,500 Rental and Lease Expense $8,400 $5,000 $4,500 Insurance - Liab/Prop/WC $123,000 $133,000 $143,215 Insurance - Property $6,000 $6,310 $6,310 Building Maintenance - TH $15,000 $14,000 $19,000 Lawn Maintenance $17,552 $15,196 $10,000 Bird Sanctuary Maintenance $5,000 $2,000 $2,000 Office Eq/Supp/Computer - TH $37,525 $50,000 $35,000 Printing and Binding - TH $6,500 $8,614 $8,500 Legal Advertisement & Other $5,000 $4,000 $4,000 Office Supplies $2,533 $2,683 $2,500 Books, Membership, Training - TH $10,715 $11,500 $10,500 Capital Outlay - TH $348,323 $124,661 $120,000 Interfund Transfer to Water Fund $0 $0 $330,000 Finance/Administration Total $2,586,175 $2,100,501 $2,035,502 $1,680,213 Fire/EMS Final Budget FY 17-18 Final Budget FY 18-19 Adjusted 19-20 Proposed FY 20-21 Fire Control Contract Services $473,500 $498,000 $525,000 Misc. Repair and Maintenance $1,000 $1,000 $1,000 Fire/EMS Total $474,500 $499,000 $526,000 $549,126 $119,345 $414,339 $75,000 $5,000 $38,150 $92,589 $114,390 $5,900 $300,000 $52,000 $20,000 $3,000 $4,500 $15,000 $3,500 $9,000 $20,000 $3,500 $185,000 $7,000 $20,000 $12,000 $2,500 $40,000 $8,500 $5,000 $4,000 $11,000 $90,000 $0 $548,126 $1,000 Garbage Contract Services Final Budget FY 17-18 Final Budget FY 18-19 Adjusted 19-20 Proposed FY 20-21 Garbage Contract Services $141,200 $167,600 $156,000 Misc. Trash Disposal $7,800 $7,800 $7,800 Garbage Contract Services Total $149,000 $175,400 $163,800 $169,344 $161,544 $7,800 Legal Final Budget FY 17-18 Final Budget FY 18-19 Adjusted 19-20 Proposed FY 20-21 Regular Salaries - Legal $98,096 $109,551 $112,000 FICA Taxes - Legal $7,505 $8,407 $8,568 Retirement Contributions - Legal $20,236 $21,978 $23,012 Life and Health Insurance - Legal $18,623 $20,316 $20,777 Contracted Legal Services $0 $546,209 $550,000 Travel and Per Diem -Legal $1,000 $1,000 $1,000 Communication - Legal $750 $650 $650 Postage- Legal $500 $500 $100 Printing and Binding - Legal $500 $500 $200 Office Supplies - Legal $500 $500 $200 Books, Membership, Training - Legal $6,029 $7,500 $4,500 Legal Total $153,739 $717,111 $721,007 $1,324,245 $116,413 $8,906 $23,936 $19,065 $1,150,000 $1,000 $700 $125 $50 $50 $4,000 -4- Police Executive Salaries Regular Salaries - Police Officers Overtime - Police Incentive Pay FICA Taxes Retirement Contributions Life and Health Insurance Misc Prof Svcs - PD Dispatch Service Contract Travel and Per Diem - PD Communication - PD Electric - PD Water-PD Rental and Lease Expense-PD Building Maintenance - PD Vehicle Maintenance Office Eq/Supp/Computer - PD Printing and Binding - PD Uniform Cleaning Office Supplies Fuel Uniforms & Equipment Books, Memberships, Training - PD Capital Outlay - PD Police Total Streets Regular Salaries - Streets Overtime - Streets FICA Taxes Retirement Contributions Life and Health Insurance Misc Prof Svcs - Streets Communication - Streets Electric - Streets Rental and Lease Expense Vehicle Maintenance- Streets Misc. Repair and Maintenance Misc. Other - NPDES Operating Supplies Uniforms & Equipment Road Materials and Supplies Capital Outlay - Streets Construction in Progress Streets Total Final Budget FY 17-18 Final Budget FY 18-19 Adjusted 19-20 $116,630 $135,881 $125,156 $842,694 $859,132 $865,426 $15,000 $19,430 $15,000 $12,494 $11,880 $12,720 $74,900 $76,620 $77,653 $184,935 $188,818 $188,968 $223,305 $221,936 $242,828 $1,000 $1,929 $2,000 $65,000 $57,354 $58,500 $2,000 $2,000 $2,000 $3,500 $3,000 $ 5,700 $3,000 $2,944 $3,000 $0 $1,000 $250 $399 $3,153 $2,000 $6,402 $4,565 $10,000 $22,304 $12,325 $12,000 $16,775 $11,801 $9,000 $617 $1,125 $800 $3,300 $2,097 $2,000 $0 $2,500 $1,500 $55,000 $45,000 $40,000 $6,500 $6,124 $6,500 $5,566 $7,000 $5,000 $80,767 $86,000 $125,000 $1,742,088 $1,763,614 $1,813,001 Final Budget FY 17-18 $71,082 $2,000 $ 5, 542 $13,759 $18,644 $50,000 $500 $18,312 $400 $5,000 $31,969 $7,500 $3,531 $1,092 $1,200 $419,147 $29,563 $679,241 General Fund Department Total $5,784,743 Final Budget FY 18-19 $73,838 $2,000 $5,767 $14,297 $20,268 $46,127 $500 $18,265 $300 $3,000 $20,000 $9,000 $1,616 $650 $1,200 $320,215 $0 $537,043 $5,792,669 Adjusted 19-20 $148,663 $4,000 $11,679 $29,427 $41,555 $7,500 $500 $18,000 $0 $2,000 $28,000 $9,000 $3,100 $1,000 $1,200 $828,750 $0 $1,134,374 $6,723,684 Proposed FY 20-21 $130,526 $955,805 $15,000 $14,280 $80,977 $206,939 $247,845 $2,023 $59,666 $1,800 $7,000 $3,000 $250 $2,000 $10,000 $10,000 $12,000 $1,500 $3,859 $1,500 $35,000 $7,500 $3,000 $133,000 $1,944,470 Proposed FY 20-21 $81,008 $2,000 $6,351 $15,274 $19,065 $7,500 $1,000 $20,000 $1,000 $2,764 $18,000 $9,000 $5,000 $1,000 $5,000 $327,195 $0 $521,157 $6,188,555 -5- Revenues Misc. Other Water Sales Backflow Preventer Test Sale Late Fees Reserves Fees Interest On Investment Transfer from General Fund Water Fund Balance Transfer In Misc.- Other Total Revenues Expenses Regular Salaries - Water Overtime - Water FICA Taxes Retirement Contributions Life and Health Insurance GIS/Mapping Water Sampling & Testing Repair Services General Management Fees Software Maintenance Contract Communication Postage Water Purchased - Commodity Water - Capacity Water Purchased -Meter Charge Backflow Preventer Testing Electric - Chlorinator Rental and Lease Expense Insurance - General Liability Vehicle Maintenance- Water Printing and Binding Provision for Bad Debt Payment In Lieu of Taxes Contra for W/F Mgmt Fees Misc. Operating Supplies General Office Supplies Uniforms & Equipment Books, Membership, Training -Water Depreciation Expense Amortization Expense Renewal & Replacement Expense Capital Outlay- Water Debt Service - Interest Operating Trans-Genl Fund Total Expenses Town of Gulf Stream Water Fund Revenues Final Budget FY 18-19 $0 $1,050,000 $0 $0 $135,000 $8,000 $0 $16,372 $0 $1,209,372.00 Original Budget FY20 $0 $1,050,000 $6,500 $0 $135,000 $8,000 $330,000 $1,790,706 $0 $3,320,206 Town of Gulf Stream Water Fund Expenditures Adjusted 19- Proposed FY 20-21 20 $0 $1,050,000 $6,500 $0 $135,000 $8,000 $330,000 $1,790,706 $0 $3,320,206 $1,367,000 $0 $1,050,000 $6,000 $0 $135,000 $5,000 $0 $171,000 $0 Final Budget Original Budget Adjusted FY 18-19 $52,086 $5,000 $4,313 $10,332 $19,533 $6,500 $4,000 $21,924 $90,000 $8,500 $500 $1,000 $640,000 $30,000 $110 $6,150 $550 $400 $46,000 $2,000 $172 $2,000 $29,700 $0 $8,056 $500 $300 $1,471 $12,000 $0 $15,000 $191,675 $0 $0 $1,209,872.00 FY20 19-20 $52,863 $52,863 $5,000 $5,000 $4,427 $4,427 $10,641 $10,641 $20,777 $20,777 $6,500 $6,500 $8,000 $8,000 $21,924 $19,424 $0 $0 $10,500 $10,500 $500 $500 $1,000 $1,000 $640,000 $640,000 $30,000 $30,000 $110 $110 $6,500 $6,500 $550 $550 $0 $0 $46,000 $46,000 $1,000 $1,000 $200 $200 $2,000 $2,000 $0 $0 $0 $0 $7,000 $9,000 $0 $0 $300 $800 $1,471 $1,471 $70,000 $70,000 $0 $0 $16,000 $16,000 $2,356,943 $2,356,943 $0 $0 $0 $0 $3,320,206 $3,320,206 Proposed FY 20-21 $54,913 $5,000 $4,584 $11,070 $19,065 $5,000 $8,000 $13,505 $0 $10,500 $1,000 $1,000 $642,500 $30,000 $100 $6,000 $1,285 $2,000 $47,000 $2,000 $200 $2,000 $0 $0 $11,000 $500 $1,000 $1,000 $70,000 $0 $16,000 $400,778 $0 $0 $1,367,000 -6- PST Fund Revenues Revenues Final Budget FY 18- 19 Discretionary Infrastructure Tax $60,000 Interest On Investment $400 PST Balance Transfer In $0 Total Revenues $60,400 Adjusted Proposed 19-20 FY 20-21 $60,000 $400 $100,000 $160,400 $50,800 $50,000 $800 $0 PST Fund Expenditures Expenses Final Budget FY 18- Adjusted Proposed 19 19-20 FY 20-21 PST Fund Contingency - Miscellaneous $0 $0 Infrastructure Capital Outlay $60,400 $160,400 Total Expenses $60,400 $160,400 $50,800 $50,800 $0 -7- Millage Rate Comparison Budget Year 03 - 04* Budget Year 04 - 05 ** Budget Year 05-06 Gross Taxable Value $489,913,925 $541,773,21 I $587,950,028 Operating Mlrage Rate .:::::::::::::::::::: .3:6377::::::::::::::::: 3:2651: ::::::::::::::::3:1.726:::::: Operating Tax Revenue $1,782,160 $1,758,869 $1,865,330 Debt Service Millage Rate 0.0000 0.0000 0.0000 Debt Service Tax Revenue $0 $0 $0 Total Millage Rate 3.6377 3.2651 3.1726 Rolled:Sa I illii :Rate .::::::::::::::::.(r3.7.7:::::::;:;::::3:.3394::::::::::::::.3:03:40::: Budget Year 09-10** Budget Year 10-11** Budget Year 11 - 12 * Budget Year 06-07 Budget Year Budget Year 07 - 08* 08 - 09** $696,743,014 $730,416,229 $748,401,715 3 1000:::::::::::::::::::: 2:9563:: ::.......:::::2,:8:655: $2,159,903 $2,160,601 $2,144,545 0.0000 0.0000 0.0000 $0 $0 $0 3.1000 2.9563 2.8655 :::: 2:.7070::::::::::::::::::3:9563:: :.......:::::Z 885Z: Budget Year 12-13 Budget Year Budget Year 13 - 14 14 - 15 Gross Taxable Value $705,723,236 $668,523,022 $652,794,017 $730,525,575 $768,398,600 $878,520,599 :0pe666g Mittike:A to : 2-8635' : ':.:; 2:86SS ? 9265 :: • 3:1000 .3:7000 . 390AA: Operating Tax Revenue $2,022,249 $1,915,653 $1,910,402 $2,264,629 $2,843,075 $3,426,230 Debt Service Millage Rate 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Debt Service Tax Revenue $0 $0 $0 $0 $0 $0 Total Millage Rate 2.8655 2.8655 2.9265 3.1000 3.7000 3.9000 •Rolled N61 :Mill4i:I tti.: 3:.0431: •3,0574: •:•2;9263: 2.$939: •:2i9739: •*3:.4964 : Estimated Budget Year Budget Year Budget Year Budget Year Budget Year Budget Year 15 - 16 16 - 17 ** 17-18** 18-19** 19-20* 20-21* Gross Taxable Value $965,427,964 S1,023,538,503 $1,055,648,517 $1,140,277,234 $1,196,312,415 $1,227,409,563 44900 ::::':::4; 60:: •:•:4::0$00::.:.:....:.:...:.:..3;8606:•: •:•::::::::.•001;• {3p'e.�tirigivli0ae:Rafe.... ..:..:....:.$.fl000:: >:::::::..... ............... Operating Tax Revenue $4,827,140 $4,595,688 $4,602,628 $4,618,123 $4,618,484 $4,621,805 Debt Service Millage Rate 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 Debt Service Tax Revenue $0 $0 $0 $0 $0 $0 Total Millage Rate 5.0000 4.4900 4.3600 4.0500 3.8606 3.7591 R6l1ed:0:a6 :.14Il144e1 :,: ,' 3.:6335 •4:7684 ..:: :•::: 4 3732:::: 4.0549 •3:8606 : 3:7591: Note: * Budget Years that the rolled back rate was used. **Below rolled back rate. -8- LP # Police: 15 Chf E. Allen 15 Lt. J. Basely 4 Sgt. B. O'Donnell 3 Sgt. J Passeggiata Officers M. Felter Officers T. Sutton •' Officer B. Fidler 11 Officers C. Fahey 5 Officers A. O'Neal Officer R Wilson Officer E. Fernandez Officer New Position Officer R Batista Bonus Overtime Sick Leave COLA FY 2021 Base Annual Probationary Earnings 6.20% 1.45% Estimated 50K Life Family Total Salary FY 20 Increase Longevity Step FDLE W/O Fringe FICA FICA 20.92% Health Flex & AD&D Dental & Total Labor W/O Employee Fringe/Incentive +Sal Adj Pay Increase Incentive and Incentive OASDI MED Pension Insurance Health Insurance Vision Fringe Cost $ 124,925.00 $ 4,997.00 $ 603.46 $ 240.00 $ 130,525.46 $ 7,745.35 $ 1,892.62 $ 27,305.93 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 56,008.90 $ 180,933.90 $ 114,047.00 $ 8,561.88 $ 550.91 $ 123,159.79 $ 7,070.91 $ 1,785.82 $ 25,765.03 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 53,686.76 $ 167,733.76 $ 77,554.00 $ 2,982.16 $ - $ 240.00 $ 80,536.16 $ 4,808.35 $ 1,167.77 $ 16,848.16 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 41,889.29 $ 119,443.29 $ 84,914.00 $ 3,396.56 $ 383.72 $ 960.00 $ 88,694.28 $ 5,264.67 $ 1,286.07 $ 18,554.84 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 44,170.58 $ 129,084.58 $ 65,739.00 $ 2,629.56 $ - $ 960.00 $ 68,368.56 $ 4,075.82 $ 991.34 $ 14,302.70 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 38,434.86 $ 104,173.86 $ 66,853.00 $ 2,674.12 $ $ 960.00 $ 69,527.12 $ 4,144.89 $ 1,008.14 $ 14,545.07 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 38,763.10 $ 105,616.10 $ 60,126.00 $ 2,405.04 $ 1,560.00 $ 62,531.04 $ 3,727.81 $ 827.66 $ 13,081.49 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 36,701.96 $ 96,827.96 $ 61,808.00 $ 2,472.32 $ 1,560.00 $ 64,280.32 $ 3,832.10 $ 932.06 $ 13,447.44 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 37,276.60 $ 99,084.60 $ 59,973.00 $ 2,398.92 $ $ 1,560.00 $ 62,371.92 $ 3,718.33 $ 904.39 $ 13,048.21 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 36,735.92 $ 96,708.92 $ 64,865.00 $ 2,594.60 $ 1,560.00 $ 67,459.60 $ 4,021.63 $ 978.16 $ 14,112.55 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 38,177.34 $ 103,042.34 $ 52,242.00 $ 6,000.00 $ 1,560.00 $ 58,242.00 $ 3,239.00 $ 844.51 $ 10,929.03 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 34,077.54 $ 86,319.54 $ 52,242.00 $ 6,000.00 $ 1,560.00 $ 58,242.00 $ 3,239.00 $ 844.51 $ 10,929.03 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 34,077.54 $ 86,319.54 $ 65,761.00 $ 2,630.44 $ 1,560.00 $ 68,391.44 $ 4,077.18 $ 991.68 $ 14,307.49 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 38,441.35 $ 104,202.35 $ 49,000.00 $ - $ $ 49,000.00 $ 3,038.00 $ 710.50 $ 3,748.50 $ 52,748.50 $ 15,000.00 $ 15,000.00 $ 930.00 $ 217.50 $ 1,147.50 $ 16,147.50 $ 35,000.00 $ 35,000.00 $ 2,170.00 $ 507.50 $ 2,677.50 $ 37,677.50 Total Police $ 1,050,049.00 $ 37,742.60 $ 1,538.09 $ 14,280.00 $ 1,101,329.69 $ 65,103.04 $ 15,890.24 $ 207,176.97 $ 185,718.00 $ 39,000.00 $ 4,966.00 $ 18,161.00 $ 536,015.25 $ 1,586,064.25 $ 1,115,609.69 $ 955,804.23 $ 80,993.28 Base Annual FY 2021 6.20% 1.45% Estimated 50K Life Family Total Salary Increase Longevity Salary FICA FICA 20.92% Health Flex & AD&D Dental & Total Labor Administration: +Sal Adj Pay Cap OASDI MED Pension Insurance Health Insurance Vision Fringe Cost 13 TM G. Dunham $ 114,754.00 $ 4,590.16 $ 119,344.16 $ 7,399.34 $ 1,730.49 $ 24,966.80 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 53,161.63 $ 172,505.79 15 Clerk R. Taylor $ 131,852.00 $ 5,274.08 $ 659.26 $ 137,785.34 $ 8,542.69 $ 1,997.89 $ 28,824.69 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 58,430.27 $ 196,215.61 CFO R.Tew + $ 80,018.00 $ 3,200.72 $ - $ 83,218.72 $ 5,159.56 $ 1,206.67 $ 17,409.36 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 42,840.59 $ 126,059.31 1 Exec. AsstIPR R. Basel + $ 61,007.00 $ 2,440 28 $ - $ 63,447.28 $ 3,933.73 $ 919.99 $ 13,273.17 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 37,191.89 $ 100,639.17 Receptionist D.Gillion $ 37,295.00 $ 1,491.80 $ 38,786.80 $ 2,404.78 $ 562.41 $ 8,114.20 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 30,146.39 $ 68,933.19 Bonus $ 41,099.99 $ - $ 41,099.99 $ 2,548.20 $ 595.95 $ - $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 22,209.15 $ 63,309.14 Overtime $ 5,000.00 $ 5,000.00 $ 310.00 $ 72.50 $ 382.50 $ 5,382.50 Sick Leave $ 10,000.00 $ 10,000.00 $ 620.00 $ 145.00 $ 765.00 $ 10,765.00 Total Administration $ 481 025.99 $ 16 997.04 $ 659.26 $ 498 682.29 $ 30 918.30 $ 7,230.89 $ 92,58822 $ 85 716.00 $ 18 000.00 $ 2 292.00 $ 8 382.00 $ 245 127.41 $ 743 809.70 $ 414,338.13 $ 38,149.20 4.0% Legal T Nazraro bonus Total Legal $ 110,012.00 $ 4,400.48 $ 2,000.00 $ 112,012.00 S 4,400.48 S S 114,390.00 $ 114,412.48 $ 7,093.57 $ 1,658.98 $ 23,935.09 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 51,752.65 $ 166,165.13 $ 2,000.00 $ 124.00 $ 29.00 $ 2,153.00 $ 2,153.00 $ 116,412.48 $ 7,217.57 $ 1,687.98 $ 23,935.09 $ 14,286.00 $ 3,000.00 $ 382.00 S 1,397.00 $ 53,905.65 $ 168,318.13 S 8,905.55 $ 19,065.00 Streets: 11 Maint. Spec. A. Beltran $ 70,200.00 $ 2,808.00 $ 73,008.00 $ 4,526.50 $ 1,058.62 $ 15,273.27 $ 14,286.00 $ 3,000.00 $ 382.00 $ 1,397.00 $ 39,923.39 $ 112,931.39 Bonus $ 4,000.00 $ 4,000.00 $ 248.00 $ 58.00 $ 306.00 $ 4,306.00 Sick Leave $ 4,000.00 $ 4,000.00 $ 248.00 $ 58.00 $ 306.00 $ 4,306.00 Overtime $ 2 000.00 $ 2 000.00 $ 124.00 $ 29.00 S - $ $ S $ 153.00 $ 2,153.00 $ 80,200.00 $ 2,808.00 $ - $ 81,008.00 $ 5,146.50 $ 1,203.62 $ 15,273.27 $ 14,286A0 $ 3,000.00 $ 382.00 $ 1,397.00 $ 40,688.39 $ 123,696.39 $ 6,350.11 $ 19,065.00 Water Tech W. Songer $ 50,877.00 $ 2,035.08 $ 52,912.08 S 3,280.55 $ 767.23 $ 11,069.21 $ 14,286.00 $ 3,000.00 $ Sick Leave $ 1,000.00 $ 1,000.00 $ 62.00 $ 14.50 Bonus $ 1,000.00 $ 1,000.00 S. 62.00 $ 14.50 Overtime $ 5,000.00 $ 5,000.00 $ 310.00 $ 72.50 $ 57,877.00 $ 2,035.08 $ - $ 54,912.08 $ 3,714.55 $ 868.73 $ 11,069.21 $ 14,286.00 $ 3,000.00 $ Total All GF Departments 382.00 $ 1,397.00 $ 34,181.98 $ 87,094.06 $ 76.50 $ 1,076.50 $ 76.50 $ 1,076.50 $ 382.50 $ 5,382.50 382.00 $ 1,397.00 $ 34,334.98 $ 94,629.56 $ 4,583.27 $ 19,065.00 $ 1,788,847.68 $ 61,948.12 $ 38,401.86 $ 14,280.00 $ 1,795,432.46 4104#00### $ 75,196.53 $ 147,686.82 $ 321,464.97 $ 209,718.00 $ 42,056.00 $ 16,142.00 $ 355,729.44 $ 2,621,888.46 I able 4.2 10-year Capital Improvement Plan (CIP) Draft Funding Schedule (June 2020) Revenues/Fund Balauee/Reserves/Eapendltures Curran Ad Valorem Femme (utilizing roll -back rate) Town of Gulf Stream Mathews CamaltOgCIP Other Town Capital Expendianes Annual Total by Fund Grand Taal by Year End Balance General Fund Balance / Water Reserves Net Fund Balance and Water Reserve Base Year (FY20)Total Budget Contributions far Captial and Fund Balance - General Fund Base Year (FY18) Total Budget Contributions to Fund Balance - Water Fund 2018 Fun! Water Fund 2019 Gmeml Fund Water Fund 2020 General „, Water add 2021 General F, , Water Fund 2022 Siate+al Fwa_ Water Fund 2023 General Fund Water Fund 2024 Srtmsral Food Water Fun( 2025 Gen al Fund Water Fund 2026 general Fund Water Fund 2027 General Fund Water Fund 2028 General Fund Watt Fund General S 66,800 S 487,858 $ - 5 34,360 $ - S 50,807 S 177,976 5 322,364 5 2081,811 S 300,179 S 184,200 5 1586,624 S 814,448 S 39,008 S 10,061 $ 551,021 5 70,400 S 245,601 $ 189,085 $ 1,768,316 $ 1,260,567 5 23,244 $ 75,801 S 187,975 S 505,340 $ 215,000 5 - 5 835,000 5 200,000 5 842,733 S 339,797 S 269,155 5 287,428 S 264,747 S 297,112 S 295,024 5 - 34,360 S $ 177,976 S 537,364 $ 2,081,811 S 1,135,179 S 384,200 $ 2,429,357 S 814.448 $ 378,805 S 10,061 S 820.176 $ 70,400 $ 533,029 S 189,085 $ 2,033,063 S 1,260,567 S 320,356 S 75,801 S 482999 $ 505,340 $ 554.658 5 $ 589,018 S 177,976 5 2,619,175 $ 1,519,379 S 3,243,805 5 388,866 $ 890,576 $ 722,114 $ 3,293,630 5 396,157 5 988,339 S 5,064,576 I S 2,094,562 S 7,159,138 5903,942 S135,000 S 6,136.907 I S 1586,999 7,723,906 5 6503,485 I S (359,812) 6,143,673 5 6,272,248 I S (6(19,012) 5.663,236 $ 4,746,833 I S (1,288,460) 3,458373_ $ 5,271,970 I S (1,163,521) 4,108,449 S 5,355,736 I $ (1,098,921) 4,256,815 $ 5,726,649 I S (1,153,006) 4573,643 S 4,597,528 15 (2,278,573) 2318955 $ 5381,114 I S (2,219,374) 2,961,740 S 5,602,057 I S (2589,710 3,012343 7oral S 10,460,821 S 4,419,021 5 14,879,842 Table 4.3 10-year Capital Improvement Plan (CIP) Draft Funding Schedule xith Inflation (June 2020) 3% InOation per year increase from 2018 Current Ad Valorem revenue (untiring roll -bock rate) Town of Gulf Stream Mathews Consulting CIF Other Town Capital Expenditures Annual Cost Total by Fund Grand Cost Total by Year End Balance General Fund Balance / Water Reserves Net Fund Balance and Water Reserve Total Fund Balance Contribution and Dept Capital Expenditures front FY17.18 Total Water Reserve Savings wtth Reserve Fee contributions from FY 17.18 2018 General Fuld Fund 2019 Szerterol Ftdd Wald Fund 2020 General Fun, Watt Fgrtd 2021 Gerteml Fund_ Water Fund 2022 col = .1 . , Water Forth 2023 Gmaal Fund ]yptt Find 2024 General Furst Water Fund 2025 Genial Fund Water Fund 2026 (menu) Fund Water add 2027 General Fuld Water Fsmd 2028 General Funs Water Fund S 66800 Water 5 - $ 177,976 $ 322,364 $ 2,081,811 S 327,195 S 200,778 5 1,777,019 S 912,182 S 44,859 $ 11,570 $ 650,205 S 83,072 $ 297,177 S 228,793 S 2,192,712 $ 1,563,103 S 29,520 5 96,267 $ 244,368 5 656,942 5 487,858 S 34,360 S 50,807 $ S 215,000 S - $ 835,000 $ 200000 $ 842,733 S - 5 339,797 5 - S 269,155 S - S 287,428 $ - $ 264,747 $ - $ 297,112 S - $ 295,024 $ - 34,360 S 50,807 $ 177,976 S 537,364 5 2,081,811 S 1,162.195 S 400,778 $ 2,619,752 $ 912,182 $ 384.657 S 11,570 5 919,360 $ 83,072 5 584,605 5 228,793 S 2,457,459 $ 1,563,103 S 326,632 5 96,267 5 539,392 $ 656942 $ 554 658 $ $ 589,018 S 228,783 S 2,619,175 $ 1,562,973 $ 3,531,934 $ 396,227 $ 1,002,432 S 813398 5 4,020562 $ 422,899 5 1,196334 $ 5,064576 I $ 2,094,562 7,159,138 $903,942 $135,000 5 6,136,907 I $ 1586,999 7,723,906 $ 6503,485 I S (359,812) 6,143,673 S 6,245,232 I S (625590) 5,619,642 $ 4,529,422 I $ (1,402,772) 3,126,650 S 5,048,707 I S (1,279,342) 3,769366 $ 5,033,290 I S (1,227,414) 3,805,876 $ 5352,626 I S (1,321,207) 4,031,420 S 3,799,110 S (2,749,310) 1.049,800 $ 4,376,420 15 (2,710577) 1,665,843 S 4,740,970 I S (3,232519) 1,508,451 Total S 11,964,713 S 4,419,021 $ 16,383,734 RESOLUTION NO. 20-8 A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE FINAL LEVYING OF AD VALOREM TAXES FOR THE TOWN OF GULF STREAM GENERAL FUND FOR FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, on September 22, 2020, adopted 2020- 2021 Fiscal Year Final Millage Rates following a public hearing as required by Florida Statute 200.065; and WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida held a public hearing as required by Florida Statute 200.065; and WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Palm Beach County has been certified by the county property appraiser to the Town Commission of the Town of Gulf Stream as $1,229,497,785. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, FLORIDA, THAT: Section 1. The Fiscal Year 2020-2021 operating millage rate is 3.7591 mills, which is the rolled -back rate. Section 2. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED AT A PUBLIC HEARING THIS 22nd day of September, 2020. TOWN OF GULF STREAM, FLORIDA MAYOR COMMISSIONER COMMISSIONER COMMISSIONER COMMISSIONER ATTEST: TOWN CLERK RESOLUTION NO. 20-9 A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE GENERAL FUND FINAL BUDGET FOR THE TOWN OF GULF STREAM GENERAL FUND FOR FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, held a public hearing as required by Florida Statute 200.065; and WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, set forth the appropriations and revenue estimate for the Budget for Fiscal Year 2020-2021 in the amount of $6,188,555. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, FLORIDA, THAT: Section 1. The Fiscal Year 2020-2021 General Fund Final Budget be adopted. Section 2. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED AT A PUBLIC HEARING THIS 22nd day of September, 2020. TOWN OF GULF STREAM, FLORIDA MAYOR COMMISSIONER COMMISSIONER COMMISSIONER COMMISSIONER ATTEST: TOWN CLERK RESOLUTION NO. 20-10 A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE WATER FUND FINAL BUDGET FOR THE TOWN OF GULF STREAM FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, held a public hearing as required by Florida Statute 200.065; and WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, set forth the appropriations and revenue estimate for the Budget for Fiscal Year 2020-2021 in the amount of $1,367,000. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, FLORIDA, THAT: Section 1. The Fiscal Year 2020-2021 Water Fund Final Budget be adopted. Section 2. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED AT A PUBLIC HEARING THIS 22nd day of September, 2020. TOWN OF GULF STREAM, FLORIDA MAYOR COMMISSIONER COMMISSIONER COMMISSIONER COMMISSIONER ATTEST: TOWN CLERK RESOLUTION NO. 20-11 A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE PENNY SALES TAX FUND FINAL BUDGET FOR THE TOWN OF GULF STREAM FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2020 AND ENDING ON SEPTEMBER 30, 2021; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, held a public hearing as required by Florida Statute 200.065; and WHEREAS, the Town Commission of the Town of Gulf Stream, Palm Beach County, Florida, set forth the appropriations and revenue estimate for the Budget for Fiscal Year 2020-2021 in the amount of $50,800. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, FLORIDA, THAT: Section 1. The Fiscal Year 2020-2021 Penny Sales Tax Fund Final Budget be adopted. Section 2. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED AT A PUBLIC HEARING THIS 22nd day of September, 2020. TOWN OF GULF STREAM, FLORIDA MAYOR COMMISSIONER COMMISSIONER COMMISSIONER COMMISSIONER ATTEST: TOWN CLERK