SOUND FINANCIAL MANAGEMENT TEN-YEAR FINANCIAL FORECAST Maintains - - PowerPoint PPT Presentation

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SOUND FINANCIAL MANAGEMENT TEN-YEAR FINANCIAL FORECAST Maintains - - PowerPoint PPT Presentation

Nov 05, 2023 305 likes •463 views

SOUND FINANCIAL MANAGEMENT TEN-YEAR FINANCIAL FORECAST Maintains operating millage flat at 5.55 through FY 2028 Debt millage reduced to -0- in FY 2020 General Obligation debt paid off in FY 2019 Potential additional $25K exemption

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SOUND FINANCIAL MANAGEMENT

TEN-YEAR FINANCIAL FORECAST

✓ Maintains operating millage flat at 5.55 through FY 2028 ✓ Debt millage reduced to -0- in FY 2020 ✓ General Obligation debt paid off in FY 2019 ✓ Potential additional $25K exemption is factored beginning in FY 2020 ✓ Gradual drawdown of unassigned reserves to $18.7M by FY 2023; increasing to $23M by FY 2028 ✓ Budget stabilization reserves reduced to zero by FY 2020, but increase to $7.5M by FY 2028 ✓ Use and level of reserves comply with policy

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Total Revenues/Sources All Funds $158,089,339

Franchise Fees $5,840,000 User Fees $24,639,274 Intergovernmental $10,390,000 Licenses & Permits $3,401,000 Other Taxes $3,650,000

Ad Valorem Taxes $61,830,207 Transfers $1,236,637 Other $5,206,904 Impact Fees $1,794,984

Carryover $40,100,333

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Total Expenditures/Uses All Funds $158,089,339

Transfers $1,236,637 Personnel $77,672,732 Operating $29,053,43 Capital $3,167,633 Debt $7,687,314 Reserves $39,271,586

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✓ Business friendly expedited permitting. ✓ Outstanding range of public and private schools, from pre-K to university. ✓ Ad valorem tax exemption program available. ✓ Centrally located on the east coast between Orlando and Miami. ✓ Minutes away from international airports, access to interstates, railways and deep water ports. ✓ Low crime rate with nationally accredited Police and Fire-Rescue Departments.

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TREVI ISLE

STATUS: UNDER CONSTRUCTION 50 TOWNHOMES 12.5 ACRES

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DiVosta Towers

STATUS: UNDER CONSTRUCTION TWO 11-STORY PROFESSIONAL OFFICE TOWERS 111,971 SF PER TOWER 2nd TOWER STARTED CONSTRUCTION PARKING GARAGE ALMOST COMPLETE

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ANCIENT TREE

STATUS: UNDER CONSTRUCTION 97 ACRES 97 RESIDENTIAL SINGLE FAMILY HOMES MODEL HOMES BEING BUILT

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AVENIR

STATUS: APPROVED Began land clearing mid-year 2018 Residential site plans #1 and #2 are under review

# 1 # 2

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Bonnette Hunt Club

STATUS: UNDER REVIEW 6.78 ACRES 24 SINGLE FAMILY HOMES

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ANNEXATION

STATUS: UNDER REVIEW 5.74 ACRES FORMER CARL’S PLAZA RETAIL CENTER

Palm Beach Garden s

Carl’s Plaza

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ON THE HORIZON: HILLTOP GARDENS

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BUILDING

for Tomorrow

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1. Artistic Bus Shelters in the Gardens 2. Equipment Upgrades for Energy Efficiency 3. Miscellaneous Alley Pavement Improvements 4. NIAP - 40th/Sunset/Brenna Improvements 5. Johnson Dairy/Military Trail 6. Burns Rd/Alt A1A Turn Lane Modification 7. Campus Drive Improvements 8. Shady Lakes Drive Expansion Phase 1 9. Signal Improvement - Golf Course 10. Shady Lakes Drive Intersection-Phase 2 11. 117th Court North Expansion- Phase 3 12. Johnson Dairy Infrastructure Improvement 13. Public Safety Training/Richard Rd Site 14. Golf Course Cart Path 15. Golf Course Club House Expansion 16. Golf Course Maintenance Building Renovation 17. Golf Course Parking Improvements/Exp 18. Clubhouse & Entry Landscaping 19. Clubhouse FFE/AV/Security 20. Clubhouse Energy Management System 21. Golf Course Cart Barn Replacement 22. Golf Training Center 23. Golf Driving Range Lighting 24. Turf Care Chemical Building 25. Demo of Old Turf Care Facility 26. Landscape & Irrigation for Expansion 27. Range Restoration 28. Monopole @ Lake Catherine Park/ MacArthur Blvd. 29. Fueling Station 30. Police Department Expansion 31. Radio Tower for Avenir 32. Monopole @ Lake Catherine- Phase 2 33. Plant Dr Parking & Repurposing Hockey 34. Gardens Park BB Concession/ Pavilions 35. Ironwood Park 36. PGA Flyover Pump Replacement 37. Irrigation pump replacement program 38. Bridge Refurbishment Program 39. Stormwater Infrastructure Maintenance & Repair 40. Sidewalk Expansion 41. FHBC Grant - Alt A1A Beautification Pro 42. City Hall Renovations/Expansion 43. Fire Station 1 Renovations 44. New Operations Center 45. Public Facility Site Improvements 46. Plant/Lilac Park Expansion 47. Joseph R. Russo Athletic Complex 48. New Soccer Complex 49. Baseball Complex Expansion 50. Tennis Center Clubhouse- Phase I- Design 51. BRCC Master Plan 52. Tennis Ctr Clubhouse-Ph II-Construction

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THANK YOU!

For additional information, please visit:

www.PBGFL.com