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R13-094
1 2 RESOLUTION R13 -094 3 4 A RESOLUTION OF THE CITY COMMISSION OF THE 5 I CITY OF BOYNTON BEACH, FLORIDA RATIFYING THE 6 2013 -2014 ANNUAL BUDGET FOR THE BOYNTON 7 ! BEACH COMMUNITY REDEVELOPMENT AGENCY AND 8 ( . PROVIDING AN EFFECTIVE DATE. 10 WHEREAS, the Boynton Beach Community Redevelopment Agency was created 11 by Ordinance of the City Commission pursuant to Chapter 163, Florida Statutes. The 12 Redevelopment Agency has been designated a Florida Special District; and 13 WHEREAS, Florida Statutes 189.418 provides that the proposed budget of a 14 dependent special district, with the concurrence of the local governing authority, may be 15 budgeted separately; and 16 WHEREAS, a local governing authority may, in its discretion, review the budget or 17 tax levy of any special district located solely within its boundaries; and 18 WHEREAS, a final budget of the Boynton Beach Community Redevelopment 19 Agency has been reviewed and considered by the City Commission for the ensuing year, 20 with detailed information, and the administrative staff of the City has made 21 recommendations as to the amount necessary to be appropriated for the ensuing year. 22 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 23 THE CITY OF BOYNTON BEACH, FLORIDA THAT: 24 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as 25 being true and correct and are hereby made a specific part of this Resolution upon adoption 26 hereof. 27 Section 2. The City Commission of the City of Boynton Beach, Florida hereby \ \apps3.city cbb\ auto\ Data \185 \Items\1 77\2565\ 3393\ Reso _- _ratify_CRA_Budget_(2013 -14) doc 1 ratifies the adoption of the Boynton Beach Community Redevelopment Agency's 2013 -2014 2 Annual Budget, a copy of which is attached hereto as Exhibit "A ". 3 Section 3. This Resolution shall become effective immediately upon passage. 4 PASSED AND ADOPTED this 17 day of September, 2013. 5 6 CITY OF BOYNTON BEACH, FLORIDA 7 8 9 . :L/ 10 :y•r — Je �, aylo 11 i 12 1 , 13 4- 14 Vice Mayor — Woos • w L. ay 15 16 \s . 17 18 Commis ' er 19 I / 20 21 4 '4e1711:/C- 22 ommissioner — Michae M. F s atnck 23 / 24 .� 25 � �� -_ i 26 1 • mmissioner — Joe Casello 27 ATTEST: 28 29 � pitc.„„,),jr. 30 �s 31 Jane M. Prainito, MMC 32 Clerk 33 35 36 (( •o : eal) 37 Z. 0 i s.: ~g ory.. ° � \ \apps3 city cbb \auto\Data \185 \Items\177\2565 \3393 \Reso - ratify_CRA Budget (2013- 14).doc .....„ BOYNTO =BEACH Boynton Beach Community Redevelopment Agency Operating Budget FY2013 -2014 As of: 09/10/2013 Table of Contents Budget Overview 1 -12 General Fund 13 - 26 Project Fund 27 - 31 Debt Service Fund 32 - 33 • Increas&J(Decrease) FY 2012 -2013 vs. Estimate Budget 1 Estimate FY 2013 -2014 Amount 1 % Tax increment Revenue $ 5,585,000 $ 5,614,228 $ 6,860,000 $ 1,245,772 22% 4 Other Sources of Revenue • Marina $ 1,000,000 $ 1,000,000 $ 1,000,000 $ - 0% • Rollover Appropriation $ 25,000 $ 25,000 $ - $ (25,000) -100% • General Fund - Fund Balance Allocation $ 300,000 $ 300,000 $ 300,000 $ - 0% Total Revenue Sources $ 8,910,000 $ 6,939,228 $ 8,160,000 $ 1,220,772 18% Assumptions: 1. Tax increment revenue In FY12 -13 Estimate Is actual. 2. City and County millage rates remain same 3. TIF revenue FY 13 -14 reduced by 1.2% true -up -1- tr 100 r *Tr 1 CRA Assessed Increment Property Values % Change Revenue % Change FY 2004-2005 $ 631,521,600 $ 3,871,616 FY 2005 -2006 $ 827,149,288 31.0% $ 6,076,347 56.9% FY 2006-2007 $ 1,132,404,172 36.9% $ 9,086,624 49.5% FY 2007 -2008 $ 1,270,885,424 12.2% $ 9,520,342 4.8% FY 2008 -2009 $ 1,131,010,840 -11.0% $ 8,159,941 -14.3% FY 2009 -2010 $ 950,585,514 -16.0% $ 6,760,870 -17.1% FY 2010 -2011 $ 825,305,342 - 13.2% $ 5,637,827 -16.6% FY 2011 -2012 $ 815,476,900 -1.2% $ 5,752,745 2.0% FY 2012 -2013 $ 787,123,743 -3.5% $ 5,614,228 -2.4% FY 2013 -2014 $ 899,850,692 14.3% $ 6,860,000 22.2% -2- scrinotait LRevenues - Estimated $ 8,160,000 I Less: Debt Service $ 1,519,179 (a) Operating Expenses $ 1,794,551 Marina Expenses $ 1,000,000 DIFA - Casa Costa (f/k/a The Promenade) $ 410,000 (Year 4 of 10) DIFA - Cornerstone $ 110,000 (Year 1 of 10) Wal -Mart Brownfield Payment $ 22,500 (Year 3 of 4) DIFA - Wal -Mart $ 45,000 (Year 2 of 10) DIFA - Seabourn Cove - Phase 1 $ 340,000 (Year 1 of 10) Sub -Total $ 5,241,230 New Project Revenue $ 2,918,770 4 Factors contributing to Increase In New Project Revenue: (1) increase in increment revenue (2) use of $780,000 bond reserve for debt service payments, and (3) $300,000 fund balance allocation. (a) Per CRA Bond Counsel, debt refunding reserve balance allocation of $780,000 to be applied towards debt service payments in FY 2013 -2014. Debt service payment for FY 2013 -2014 = $2,298,679 plus $500 in fees. Protects Funded Through Bonds Boynton Beach Blvd Ext/Promenade Walkway $ 10,022,149 34% Property Acquisitions $ 11,485,686 39% Marina Purchase $ 6,393,700 22% Housing Assistance $ 1,389,493 5% Economic Development $ 320,648 1% Total $ 29,611,676 100% -3- Proiest Food *s06AvimOs FY 2013 - 2014 • Protect Revenue for New ` Total Est. Rollovers Protects Project Fund Project Description 1 CRA Plan $ 2,191,585 _ $ 2,918,770 $ 5,110,355_ (As of 8/19/13) 1 Development of Phase 2 Marina Downtown Vision 3 Master Plan $ 1,280,700 $ 319,300 $ 1,600,000 2 Parking Redevelopment -1st 31st and 4th Downtown Vision & Master Plan $ 428,395 $ 100,000 $ 528,395 3 Magnuson House Downtown Vision & Master Plan $ 188,795 $ - , $ 186,795 4 Marina Entry SIgnage at Boynton Beach Blvd. & Federal Hwy. (a) Downtown Vision & Msster Plan Reallocated $ - $ - 5 Old High School (c) Downtown Vision & Master Plan Reallocated $ - $ - 6 Rollover - HAP Shortsale Funds (b) Downtown Vision & Master Plan Reallocated $ - $ - 7 Design of Boynton Bosch Boulevard, Downtown Vision & Master Plan $ - $ 305,000 $ 305,000 8 Spedal Events Downtown Vision 3 Master Plan $ - $ 275,000 $ 275,000 9 Economic Development Grants All CRA Plans 8 150,000 $ 150,000 $ 300,000 10 Acqulstlon of Key Parcels - Ocean Ave. and Heart of Boynton All CRA Plans $ 17,500 $ 1,262,470 $ 1,279,970 11 Contingency All CRA Plans $ - $ 100,000 $ 100,000 12 Entry slgnago at north and south Federal Highway Downtown Vision & Master Plan $ - $ 100,000 $ 100,000 13 Tree Lighting Project - Promenade/Ocsan Ave. All CRA Plans $ 92,145, $ - $ 92,145 14 Marketing Program - Downtown All CRA Plans $ - $ 95,000 $ 95,000 15 Design & Engineering All CRA Plans $ - $ 50,000 $ 50,000 16 Site work 3 DomoNtlon All CRA Plans $ - $ 25,000 $ 25,000 17 Legal Work - Project Fund All CRA Plans $ - $ 25,000 $ 25,000 18 Wayfinding Sign for Art District Downtown Vision & Master Plan $ - , $ 25,000 $ 25,000 19 Town Square Planning and Financial Analysis All CRA Plans $ 36,050 $ 25,000 $ 61,050 20 Heritage Trail Creation (Approved 8!12112) All CRA Plans $ - $ 2,000 $ 2,000_ 21 Ocean Breeze West - Housing Subsidy Heart of Boynton $ - $ 60,000 $ 60,000 Sub -Total 8 2,4010888i 8< ' 2: ;7,70; 4 '. 5;140455 DIFA & Brownfield Payments $ 927 500 10913014$0110•0100 ' iii • (a) Balance of $92,145 reallocated to Tree Lighting Project - Promenade, Ocean Ave. (b) Total of $17,500 received from HAP shortsales and reallocated to Acqulsittons In FY 13-14. (c) Balance of $36,050 reallocated to Town Square Project - 4 - BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PLAN FY 2013-2094 Add PTrlded I I Fund I FY 2013.2014 IIw9nuson House $ 349,375 $ 1547951 i - 1 8 196,795 1 1 8 - l 8 196.795] Relocation, Work) Building, Fuel 11,600.000 $1,300,000 I $ 19,300 I $1,250,700 l I $ 319,300 I $ 1,600,000 i f Entry 'image at BBB & Federal $ 119,534 $ 96034 I $ On I $ 92,145 I I (a) I J (Parkin. Redevelopment $ 435,951 $ 420,851 1$ 7,466 1$ 429,3951. 1$ 100,0001 8 $25.395 1 'Entry H igirwsy at North i South 8 100,000 8 - I $ - I $ - Iii - I $ 100,000 I IWayltndhw Sign (Arts District) $ MOO $ - 15 - 15 - 1 1 i - 1 i 25,000 (( ro L� P Avenue) $ 92,146 i - I $ - I $ - I 1 8 - 1$ 92.145 TOTAL . Au t : ' a ; r t " » 4 10 =NM "' •, s di Y.' or _ , (a) Reallocated to Tree Lighting Project - Promenande, Ocean Avenue -5- rte . k�w g ii: 2013/2014 PROPOSED EVENTS ,� . � ,> , . HOUDAY EXTRAVAGANZA PARADE TREE & DECORATIONS 0 ! �; CONCERT Holiday Event Total $1 i . z HOUDAY BOAT PARADE Boynton Harbor Marina �. .i, '43/ • . ,„ .a ,, MOVIES ON THE A "� r , , j Ocean Avenue 0 ' "'4 �� , 1 Y'w ve nue � .. -�$ .... �,. OCEAN AVENUE CONCERT SERIES ] I ,, ; ; m Ocean Avenue u J : , - . - ,: ,.,a,,a � �t . . F d ..d i.. + ,. <i -. • a k � ., � S CATCH A DANCE . Boynton Beach Haunted .,„" 7°, "�` Pirate Feet $Mermaid Splash y s i Ocean Avenue t' ` 7;.r �,, COMMUNITY FARMERS MARKET Dewey Park i.. =,, M1' :, ,, SPECIAL EVENTS GRANT PROGRAM L r.. a .... -6- ro AN . Developmei*of erdoncing cur Motch or trend Oestive ***MOM*" a ":. ' . br40d� m. jot Brand and Tagline Development Campaign far Weilieb A ► " . „dam K a s . 1 Promotional Collateral � � � r ,,A.: _ _ , 1 . 4� m�. ; ,; . „ . ,, ,�.-,, a, aa s a :TT.r.. F r x u ^a ♦ +r oe r o f` a r(� ng ' e ns- 9 ;. ' r 4 t , Marirta " ; ,,, Promotional • listsrai • n _... - r `.' ' "" - Bo ton Forum , ;.)12A,,,..'..1 • min . ,na c ; Postcard ; ,, , /AAA,* *, i ,.. ,. , ,,,...„,„, ,,r,, Direct Mali Cam ' n ° k " Billboards •,.. - ".••" A AF0. w. 4. .:70.:71' Luwl.nuM ", i L i Downtown Banners I II r OW IIIIIIr.r'—'I -7- SOYNICON TAX Pr As of: 7119113 1 FY 2013 -2014 1 2013 Assessed Values $ 899,850,692 Less Base Year Value 309,821,849 TIF Taxable Value 590,028,843 95% of Difference Applied to Millage $ 560,527,401 Millage Rates No Change City: Proposed 7.9 City 8 Cty. _ County: No Change City 7.6000 7.9000 County 4.7815 4.7815 Tax increment Revenue City $ 4,260,000 $ 4,428,000 County $ 2,680,162 $ 2,680,162 Sub -Total $ 6,940,162 $ 7,108,162 1.2% for True -Up $ 80,162 $ 82,102 Net TIF $ 7,026,060 (a) • Increment Revenue if City Millage 42 7.9 (a) Potential Additional Revenue $ 166,060 Less Increase In DIFA Payments Casa Costa (Promenade) $ (5,000) Cornerstone -The Preserve $ (2,000) Seaborne Cove -Phase 1 $ (5,000) WaI -Mart $ (2,000) Sub -Total $ (14,000) Potential Additional Revenue $ 152,060 (less DIFA Payment Increases) -8- EANTCW 1 Fund Balance 9/30/2012 - Unassigned $ 483,875 Less: 1. Rollover from FY 2011 -2012 incorporated into FY 2012 -2013 Budget $ (25,000) 2. Fund Balance Allocation for FY 2013 -2014 Budget $ (300,000), Estimated Unassigned Fund Balance as of 9/30/2013 $ 158,875 Note: The annual audit of the CRA's financial statements for the fiscal year ending 9/30/2013 will be completed by mid - January 2014. At the completion of the annual audit, the Unassigned Fund Balance will be finalized and the CRA Board can allocate funding according to Florida statute as outlined below. § 163.387, Fla. Stat. Ann. (7) On the last day of the fiscal year of the community redevelopment agency, any money which remains in the trust fund after the payment of expenses pursuant to subsection (6) for such year shall be: (a) Returned to each taxing authority which paid the increment in the proportion that the amount of the payment of such taxing authority bears to the total amount paid into the trust fund by all taxing authorities for that year; (b) Used to reduce the amount of any indebtedness to which increment revenues are pledged; (c) Deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged; or (d) Appropriated to a specific redevelopment project pursuant to an approved community redevelopment plan which project will be completed within 3 years from the date of such appropriation. -9- . I • . . .. $ "g i >. v i 0 c - a a 1 E c i w D i w ad E .6 I ' I 1 i 00 ^ 0 ' 5 Ca LL > v. 1::,,,,, f .--..., L . 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W cps N N 4it r i S 4D f C u' e C ! flhI i �• �� V' . � H ; ill i i 111: 5 i7.f- General Fund • CRA BOARD FY 2012 -2013 IIY *Z 14 Dept. 51010 Original Year End P oss Change Inc rl(Decr) 1 SUMMARY Budget Estimate _ " Amount % Bi 200 _ CONTRACTUAL EXPENSES $ 8,500 $ 7,500 fie" "" 7' y $ (1,000) -12% 216 PUBLIC NOTICES $ 2,700 $ 4,000 $ 1 $ 2,300 85% 225 CONFERENCES MEETINGS d SEMINARS $ 8,250 $ 8,250 $ $ - 0% 227 DELIV�RY SERVICES $ 500 $ 400 # 400 $ (100) -20% 310 OFFICE SUPPLIES $ 500 $ 500 $ $ - 0% 340 CELLULAR PHONES $ 1,800 $ 600 $ (1,200) -67% $ 22,250 $ 21,250 $ - 0 %1 200 1 CONTRACTUAL EXPENSES $ 8,500 $ 7,500 $ 7,500 Minutes for Board & Special Meetings - City Staff Costs ; 8,500 $ 7,500 $ 7,500 216 1 PUBLIC NOTICES Board Meeting & Legal Notices $ 2,700 $ 4700 $ 5,000 I 225 1 CONFERENCES, MEETINGS & SEMINARS $ 8,250 $ 8,250 $ 8,250 ABCs of CRAs ; 250 ; 250 $ 250 Florida Redevelopment Association ; 7,000 ; 7,000 $ 7,000 BoardTraining Workshops $ 1,000 $ 1,000 $ 1,000 227 1 DEUVERYSERVICES $ 500 $ 400 $ 400 310 1 OFFICE SUPPLMES $ 500 $ 500 $ 500 340 J CELLULAR PHONES $ 1,800 $ 600 $ 600 Notes: Overall flat to prior year, reductions in contractual expenses and cellular phones offset by Increased public notices for RFPs and submission of CRA development projects to FRA and IDA. -14- General Fund • EXECUTIVE DEPARTMENT FY 2012 -2013 FY 2013068 Dept. 51230 Original Amended Year End Pre' Ned Change Incd(D� I SUMS Budget I Budget Estimate Amount % 100 PERSOIMIEL8ERVICES $ 222,801 $ 131.785 $ 231,755 ,_ - - $ 7,908 3% MEMOS CONFERENCES, MEMOS S SEMINARS $ 7,000 $ 7,000 $ 7,000 $ ` 9 . ' $ 2,000 29% 226 MEIBERSHIP DUES $ 4,310 i 4,310 $ 4,310 $ 0 $ - 0% 227 DELIVERY SERVK.ES $ 1,000 $ 1,000 $ 750 $ $ (250) -25% 229 CAREER DEVELOPMENT $ 2,000 $ 2,000 $ 1,430 $ $ 250 13% 310 OFFICE SUPPLIES $ 1,600 $ 1,500 $ 1,500 $ $ - 0% 315 POSTAGE $ 3,000 $ 3,000 $ 2,500 $i ° r w $ (500) -17% 340 CELLULAR PHONE $ 1,020 $ 1,020 $ 1,020 n $ - 096 355 SUBSCRP710NS $ 330 $ 530 $ 500 8 $ 75 14% 360 BOOK & PUBLICATIONS $ 500 $ 500 $ 500 $ 'fit $ - 0% 400 EQUIPMENT COSTS _ $ 1,000 $ 1,000 $ - .. it 0 ' $ 1,000 100% $ 244,961 $ 253,645 $ 251,105 `'� k . '� 4: 1QM3 4 %1 100 PIRSONIIIIL SERVICES $222.801 8231.755 9231,755 $ 239,003 Salaries - Executive Director $ 115,000 $ 118,450 $ 118,450 $ 118,450 Administrative Services Manager $ 51,500 $ 56,878 $ 55,878 $ 55,878 3% Merit Pool + Incremental Tax.. + Retirement $ - $ - $ - $ 8,414 Benefits • Health $ 16,704 $ 16,704 $ 18,704 $ 17,640 Dental $ 756 $ 756 S 756 $ 728 Vision $ 100 $ 100 $ 100 $ 102 Life & Lag Term Disability $ 1,028 $ 1,153 $ 1,153 $ 987 Retirement Benefits $ 24,796 $ 26,404 $ 28,404 $ 26,150 FICA Taxes $ 12,918 $ 12,340 $ 12,340 $ 13,344 j 225 T CONFERENCES, /MEMOS & SEMINARS $ 7,000 $ 7.000 $ 7,000 $ 9,000 Regional - Local Meetings $ 1,500 $ 1,500 $ 1,500 $ 1,500 National Conference $ 2,000 $ 2,000 $ 2,000 $ 2,000 Stab Conference $ 1,500 $ 1,500 $ 1,500 $ 1,500 FL League of Cities $ - $ - $ - $ 2,000 Mileage $ 2,000 $ 2,000 $ 2,000 $ 2,000 226 1 MEMBERSHP DUES $ 4,310 $ 4,310 $ 4,310 $ 4,310 Urban Lard institute $ 600 $ 600 $ 600 $ 800 American Planning Association (APA) $ 810 $ 810 $ 810 $ 810 Florida Redevelopment Association $ 1,000 $ 1,000 $ 1,000 $ 1,000 Animism institute of Planners (AICP) $ 500 $ 500 $ 500 $ 500 Business Development Board $ 1,000 $ 1,000 $ 1,000 $ 1,000 Chamber of Commence $ 400 $ 400 $ 400 $ 400 227 1 DELIVERY SERVICES $ 1.000 $ 1,000 $ 750 $ 750 229 1 CAREER DEVELOPMENT $ 2.000 $ 2.000 $ 1,250 $ 2,250 American Planning Association Cont Prof. Ed. $ 1,000 $ 1,000 $ 1,250 $ 1,260 Florida Redevelopment Assodadon Certification $ 1,000 $ 1,000 $ - $ 1,000 310 1 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 315 f POSTAGE $ 3,000 $ 3,000 $ 2,500 8 2,500 340 1 CELLULAR PHONES $ 1,020 $ 1,020 $ 1,020 $ 1,020 355 1 SUBSCRIPTIONS $ 330 $ 530 8 590 $ 605 Florida Trend $ 250 $ 250 $ 250 $ 250 South Florida Business Journal $ 130 $ 130 $ 120 $ 130 Downtown Promotions $ 150 $ 150 $ 210 $ 225 I 380 1 BOOK 1 PUBUCA7JONS $ 500 $ 500 $ 500 $ 500 I 400 1 EQUIPMENT COSTS $ 1,000 $ 1,000 $ - $ 2,000 NOE Increases tied to possible merit increases, incremental taxes and benefits, and pardclpadon with City in Florida League of Cities. - 15 - General Fund • FINANCE FY 2012 -2013 FY,,_ -' Dept. 51325 Original Amended Year End rosed Charge Incrl(Decr)1 WNW Budget Budget Estlnals Amount % 100 PERSONNEL SERVICES $202,441 $ 212,009 $212,069 ,& $ 8,228 3% 200 CONTRACTUAL EXPENSES $ 200 $ 200 $ 200 $ 200 $ - 076 201 BANK FEES $ 2,000 $ 2,000 $ 1,000 $ $ (1,0(10) -50% 225 CONFERENCES MEETINGS i SEMINARS $ 2,000 $ 2,000 $ 2,150 5 $ 150 8% 226 MEINiERSHIP DUES $ 620 $ 620 $ 620 5 $ - 076 227 DELIVERY SERVICES $ 500 $ 500 $ 500 $ $ - 076 229 CAREER DEVEL OPII IT $ 3,000 $ 3,000 $ 3,000 '$ $ - 0% 310 OFFICE SUPPLIES _ 2,000 $ 2,000 $ 1,500 ,81- $ (500) -25% 340 CELLULAR PHONE $ 790 $ 780 $ 760 y r $ - 0% 355 SUBSCRIPTIONS $ 1,100 $ 1,100 $ 1,100 8,1 $ - 094 360 BOOK i PUBLICATIONS 8 500 $ 500 $ 700 $ $ 200 40% 365 OFFICE PRMITNG COSTS $ 300 $ 300 8 300 =$ , -: -. $ - 0% 8215,441 $ 225,069 $223,919 $ ''23047 1 $ 5,078 2%1 100 1 PERSONNEL SERVE $202,441 $ 212.069 8212,069 $ 218,297 Salaries - Finance Director $ 85,984 $ 90,262 $ 90,282 $ 90,262 Fiance Assistant $ 64,000 $ 67,200 $ 67,200 $ 67,200 3% Merit Pool + incremental Taxes + Retirement $ - $ - $ - $ 5.794 Benefits - Health $ 18,704 $ 18,704 $ 16,704 $ 17,640 Dental $ 756 $ 756 $ 756 $ 728 Vision - _ $ 100 $ 100 $ 100 $ 102 Life & Long Term Disability $ 951 $ 1,078 $ 1,078 $ 907 Retirement Benefits $ 22,495 $ 23,874 $ 23,874 $ 23,619 FICA Taxan $ 11,472 $ 12,097 $ 12,097 $ 12,045 200 1 CONTRACTUAL EXPENSES $ 200 $ 200 $ 200 $ 200 Florida Department of Economic Opportunity $ 200 $ 200 $ 200 $ 200 201 1 BANK FEES $ 2,000 $ 2,000 $ 1.000 $ 1,000 225 1 CONFERENCES, MEE7WGS i SEMINARS $ 2.000 $ 2,000 $ 2.150 $ 2,150 Regional-Local Meetings $ 500 $ 500 $ 500 $ 500 MNeage $ 500 $ 500 $ 900 $ 900 Budget Meeting $ 1,000 $ 1,000 $ 750 $ 750 226 1 MEMBERSHIP DUES $ 620 $ 120 $ 820 $ 620 Florida Goverment Finance OflIces Aseoclstlon $ 300 $ 300 $ 300 $ 300 Govsrnm nt Finance Offices Association $ 320 $ 320 $ 320 $ 320 227 1 DELIVIRYSERVICES $ 500 $ 500 8 500 $ 500 229 1 CSR DEVELOPMENT $ 3,000 $ 3,000 $ 3,000 $ 3.000 Government Finance Officers Continuing Education & FRA Certification $ 3,000 $ 3,000 $ 3,000 $ 3,000 310 1 OFFICE SUPPLIES 8 2.000 8 2.000 $ 1.500 $ 1.500 340 1 CELLULAR PHONES 8 700 8 780 $ 780 $ 780 355 1 SUBSCRIPTIONS $ 1.100 $ 1.100 $ 1,100 $ 1,100 Financial Reporting Agencies $ 1,100 $ 1,100 $ 1,100 $ 1,100 360 1 BOOK i PUBLICATIONS 6 500 $ 500 $ 700 $ 700 365 1 ONCE PRMIV7WG COSTS $ 300 $ 300 $ 300 $ 300 Blank Check Stock, 1099 Force $ 300 $ 300 $ 300 $ 300 MOM Increases tied to possible merit increases. Incremental taxes and benefits offset by reduction k bank fees and office supplies. •16- General Fund • I PLANNING FY 2012 -2013 FY t ' 14 Dept, 51440 Original Amended Year End Incr/(Decr)1 SUMMARY Budget Budget >, Esdnraa Amount % 100 PERSONNEL SERVICES 9173,852 $ 192,137 9192,157 4• ' ' - ; 'I . :- $ (65,921) -34% 225 CONFER MEETINGS ',SEMINARS $ 5,320 $ 5,320 $ 5,320 1 m` t , $ - m 226 NE IP DUES $ 1,000 $ 1,000 $ 1,000 $ 0% 227 DELIVERY SERVICES $ 300 $ 300 $ 300 $ ! $ - 0% 229 CAREER DEVELOPMENT $ 2,800 $ 2,500 $ 1,500 $ $ (1,000) -40% 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,800 $ $ - 0 340 CELLULAR PN ENE $ 1,620 $ 1,620 $ 1,380 $ $ (720) -44% 360 BOOK A PUBLICATIONS $ 300 $ 300 $ 300 $ ' $ - 096 365 OFFICE PRINTING COST8 2 500 000 r S ..� .'t $ 1 000 40% $188,892 $ 207,197 206,457 (66,641) -32% 100 1 %"' SER WCES 9173,852 $ 192,151 192,157 $ 126,236 Assistant Director (formerly Director) $ 80,983 $ 85,437 S 85,437 S 95,000 Business Development Specialist to Marketing for FY 2013 -2014) $ 45,760 $ 55,760 $ 55,760 $ - Benefits - Health $ 18,704 $ 16,704 $ 16,704 $ 8,820 Dental $ 758 $ 758 $ 756 $ 364 Vision $ 100 $ 248 $ 248 $ 51 Life & Long _T ,m Disability $ 842 $ 967 $ 967 $ 483 Retirement $ 19,011 $ 21,434 $ 21,434 $ 14,250 FICA Taxes $ 9,696 $ 10,851 $ 10,851 $ 7,288 [ 225 1 CONFERENCES, MEETINGS A SEMINARS $ 5,320 $ 5,320 $ 5.320 $ 5,320 PlannkM & Community Workshops $ 2,500 $ 2,500 S 2,500 $ 2,500 Economic Development Msetlngs $ 1,000 $ 1,000 $ 1,000 $ 1,000 Fteglonal -Local Meetings $ 500 $ 500 $ 500 $ 500 Mileage $ 1,320 $ 1,320 $ 1,320 $ 1,320 226 I AEAiBERSIRP DUES $ 1,000 $ 1,000 $ 1,000 $ 1,000 Multiple Listing Service & Realtors Association $ 1,000 1,000 $ 1,000 $ 1,000 227 1 DEUVERY SERVICES $ 300 $ 300 $ 300 $ 300 229 ( CAREER DEVELOPMENT $2,500 $ 2.500 $ 1,500 $ 1,500 Florida Redevelopment Association Certification $ 1,500 $ 1,500 $ 1,500 $ 1,500 Web Training/Certification $ 1,000 $ 1,000 $ - 1 - 310 1 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 340 I CELLULAR PHONES $ 1,620 $ 1,620 $ 1.380 $ 900 360 . 1 BOOK & PUBUCA71ONS $ 300 $ 300 $ 300 $ 300 365 I OFFICE PRINTING COSTS $ 2,500 $ 2,500 $ 3,000 $ 3,500 EOM Decrease In total budget due to moving of Business Development Speclallst position to Marketing & Business Development Department. - 17 - General Fund • MARKETING & BUSINESS DEVELOPMENT FY 2012-2013 FY 2013; i�014 Dept. 57400 Original Amended Year End Pmpoi Change Incrl(Deer) 1 SUMMARY Budget Budget Estimate Amount % 100 PERSONNEL SERVICES $ 94,365 $ 96,836 $ 89,565 $ 10,, $ 4,450 5% 216 ADVERTISING $ 5,000 $ 5,000 $ 6,000 $ $ 1,000 20% 218 MARKETING & BUSINESS DEVIL. COLLATERAL $ 5,000 $ 5,000 $ 5,000 $ , 5 . $ 0% 225 CONFERENCES, MEETINGS & SEMINARS $ 3,000 $ 3,000 $ 1,750 $ $ 820 27% 226 ME HP DUES $ 825 $ 825 $ 825 $ _ 0% 227 POSTAGE $ 5,000 $ 5,000 $ 3,500 $; $ 0% 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ - 6 4 r . _ $ (1,000) -40% 236 PHOTOGRAPHY & VIDEOS $ 15,000 $ 15,000 $ 15,000 ,S, , ` , $ - 0% 310 OFFICE !RIPPLES $ 2,500 $ 2,500 $ 1,500 a$ , ' _'. $ (1,000) -40% 340 CELLULAR PHONE $ 1,020 $ 1,020 $ 800 A. $ 60 6% 355 SUBSCRIPTIONS $ 975 $ 975 $ 1,025 ' _ :, in n' . m $ 50 5% 365 OFFICE PRNTING COSTS $ 6,000 $ 6,000 $ 8,000 it , . , , $ - 0% 6141,185 $ 145,658 $130,965 '1 1 $ 4,380 3%1 100 PERSONNEL . - • r . - $ 94,385 98,831 86,585 103.288 Salaries - = ueiness Development Specialist (formerly M Di $ 89,414 $ 72,884 $ 65,000 $ 55,000 Mutest nl EwntsIBue. Devi. Assistant (split 50%I50% between Marketing and Events) $ - $ - $ - $ 17,600 Benefits - Health $ 8,352 $ 8,352 $ 8,352 $ 13,230 Dental $ 378 $ 378 $ 378 $ 548 Vision $ 50 $ 50 $ 50 $ 77 Life d Long Term Disability $ 449 8 512 $ 512 $ 513 Retirement Benefits $ 10,412 $ 11,060 $ 10,138 $ 10,875 FICA Taxes $ 5,310 $ 5,802 $ 5,135 $ 5,547 216 1 ADVERTISING $ 5,000 $ 5,000 $ 6.000 $ 6,000 I 218 1 MARKETING i BUSINESS DEV'L COLLATERAL $ 5,000 $ 5,000 $ 5,000 $ 5,000 I 225 1 CONFERENCES, MEETINGS & SEMWARS $ 3,000 $ 3,000 $ 1,750 $ 3,820 Regional -Local Meetings $ 1,000 $ 1,000 $ 500 $ 1,000 FRAConfirence $ 1,500 $ 1,500 $ 1,000 $ 1,500 Mileage $ 500 $ 500 $ 250 $ 1,320 226 1 MEMBERSHIP DUES $ 825 $ 825 $ 825 $ 825 Visit Florida $ 425 $ 425 $ 425 $ 425 Gold Coast PR Council $ 75 $ 75 $ 75 $ 75 Public Relations Society of America $ 325 $ 325 $ 325 $ 325 227 1 POSTAGE $ 5,000 $ 5,000 $ 3,500 $ 5,000 229 1 CAREER DEVELOPMENT ; 2,500 $ 2,500 $ - $ 1,500 FL Festivals & Events Training $ 2,500 $ 2,500 $ - $ 1,500 236 1 PHOTOGRAPHY, VIDEOS, PROMOTIONAL $ 15,000 $ 15,000 $ 15,000 $ 15,000 310 1 OFACE STIPPLES $ 2.500 $ 2,500 $ 1,500 $ 1,500 f 340 1 CELLULAR PHONES $ 1,020 $ 1,020 $ 800 $ 1,060 355 ] SUBSCRIPTIONS $ 975 $ 975 ;1,025 $ 1,025 Palm Beach Post $ 225 $ 225 $ 225 $ 225 Sun - Sentinel $ 275 $ 275 $ 275 $ 275 WeM Street Journal $ 200 $ 200 $ 250 $ 250 PR Week $ 275 $ 275 $ 275 $ 275 365 ( OFFICE PRINTING COSTS $ 6,000 $ 6,000 $ 6,000 $ 6,000 BAAL Increases due to additional expenses related to 50% sharing of Marketing/Events /Business Development Assistant. -1S_ General Fund • SPECIAL EVENTS FY 2012.2013 FY *134014 Dept 57500 Original Amended I Year End ue Change Incrf(DecrIl SUMMARY Budget Budget Estimate f0, Amount % 100 PERSONNEL SERVICES $ 90,091 $ 94,342 $ 94,342 °;• _ i • ■ $29,108 31% 225 CONFERENCES, MEETNGS & SEMINARS $ 3,220 $ 3,220 $ 3,400 $ $ 1,580 49% 226 MEMBERSISP DUES $ 400 $ 400 $ 400 $ , $ 25 6% 229 CAREER DEVELOPMENT $ 1,500 $ 1.500 $ 1,500 $ , $ - 096 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,000 $ $ - 0% 340 CELLULAR PHONE $ 1,320 $ 1,320 $ 1,320 $ $ 360 27% 355 SUBSCRIPTIONS $ 250 9 250 $ 250 s $ - 0% 400 _ EQUPMENT $ 2,500 $ 2,500 $ 1,000 . ;r , 4 $ - 0% 9100,781 $ 105,032 $103,212 . $ 136 : $ 31,073 30%1 100 1 PERSONNEL SERVICE'S $ 90,091 $ 94,342 $ 94.342 $ 123,4 Salaries - Event ra Dldor 85,943 $ 89,295 $ 89,295 $ 89,295 In PisnnMg in FY 12-13) $ - $ - $ - $ 17,500 3% Merit Pool + Incremental Tames + Retirement $ - $ - $ - $ 2,547 Benefits - Hedth $ 8,352 $ 8,352 $ 8,352 $ 13,230 Dental $ 378 $ 378 $ 378 $ 546 Vision $ 50 $ 50 $ 50 $ 77 Life & Long Term Disability $ 433 $ 433 $ 433 $ 610 Retirement Benefits $ 9,891 $ 10,512 $ 10,512 $ 13,010 FICA Taxes $ 5,044 $ 5,322 $ 5,322 $ 6,835 I 225 1 CONFERENCES, MEETINGS s SEMINARS $ 3,220 $ 3,220 $ 3,400 $ 4,800 Regional -Local Meetings $ 1,000 $ 1,000 $ 1,000 $ 1,000 FRAConfironce $ 1,500 $ 1,500 $ 1,200 $ 1,700 MNeeos $ 720 S 720 $ 1,200 5 2,100 226 1 MEAMB7Sp DUES $ 400 $ 400 $ 400 $ 425 Florida Fudvals & Events $ 325 $ 325 $ 325 $ 325 Gold Coast PR Council $ 75 $ 75 $ 75 $ 100 229 1 CAREER DEVELOPMENT $ 1,500 $ 1,500 1,500 $ 1,500 FL Festivals & Events Tra ih g $ 1,500 $ 1,500 $ 1,500 $ 1,500 310 1 OFRCE SUPPLIES $ 1,500 $ 1,600 $ 1,000 $ 1,500 340 1 CELLULAR PHONES $ 1,320 $ 1.320 $ 1,320 $ 1,850 355 1 SUBSCRP7IONS $ 250 ; 250 $ 250 $ 250 400 ] EQUIPMENT $ 2,500 1 2,500 $ 1,000 $ 2,500 MIK Increases due to additional expenses related to 50% sharing of Marketing/Events/Business Development Assistant 19- General Fund • INSURANCES FY 2012 -2013 FY 201$02014 Dit. 51410 Original I Year End Propolyd Change IncN(Decr) AY Budget Estimate An ouM 9L 200 CONTRACTUAL EXPENSES $ 23,650 $ 23,250 $ � $ (12,300) -52% 213 GENERAL PROPERTY COVERAGE $ 81,000 $ 76,000 $ 1 $ 52,500 65% 214 EMPLOYEE FIDELITY COVERAGE $ 1,000 $ 1,000 $ 1,1100 $ - 0% 154 OTHER INSURANCES $ 24,500 $ 23,500 21A00 $ (3,500) -14 % $130,150 $123,750 $ t 1 $ 38,700 28% 1 200 1 CONTRACTUAL EXPENSES $ 23,850 $ 23,250 $ 11,350 Agency Fee $ 12,000 $ 12,000 $ - Computers & Software Policy $ 1,500 $ 1,600 $ 1,600 Marina Fuel Tank Coverage $ 1,650 $ 1,150 $ 1,250 Special Events & Concerts Policy $ 3,500 $ 3,500 $ 3,500 Flood Insurance $ 5,000 $ 5,000 $ 5,000 213 1 PROPERTY d LIABILITY COVERAGE $ 81,000 $ 76,000 $ 133,500 Policy for Property & General Liability $ 76,000 $ 76,000 $ 126,000 Includes: Property, General Liability, Fuel Dock, Public Officals LiabNity, Employment Practices Liability, Automobile Construction Policies - Marina $ 5,000 $ - $ 7,500 214 1 EMPLOYEE FIDELITY COVERAGE $ 1,000 $ 1,000 $ 1,000 Money & Security Insurance - Crime and Computer Fraud OTHER INSURANCES $ 24,500 $ 23,500 $ 21,000 153 Retirement Plan Fees 1 $ 1,000 $ 1,000 $ 1,000 154 Workers Comp Insurance $ 3,500 $ 2,500 $ 2,500 159 Unemployment Payments $ 5,000 $ 5,000 $ 2,500 161 Leave Payouts $ 15,000 $ 15,000 $ 15,000 NOW Increase due to estimated costs due to Public Officials/Employment Practices insurance as result of outstanding litigation, offset by reduction in insurance broker fee and Workers Comp insurance. - 20 - General Fund • PROFESSIONAL SERVICES FY 2012 -2013 FY 20132014 Dept. 51420 Original Year End Pt Change Incrl(Decr) I SUJM W Budget Estimate Qp ` Amount % 200 CONTRACTUAL SERVICES $ 155,000 $ 137,000 1 1000 - $ (18,000) -12% 201 LEGAL SERVICES $ 50,000 $ 60,000 $ 60.00 $ 10,000 20% 204 OTHER PROFESSIONAL FEES $ 15,000 $ 15,000 $ 1. $ - 0% $ 220,000 $ 212,000 $ 21 1. 1$ (8,000) -4 %I 200 1 CONTRACTUAL EXPENSES $155,000 $ 137,000 $ 137,000 Audit Services $ 30,000 $ 18,500 $ 18,500 Marina Audit & Fuel Collection Audit $ 15,000 $ 15,000 $ 15,000 Bond Indenture Compliance $ 15,000 $ 15,000 $ 15,000 Risk Assessment Standards/Financial Services $ 30,000 $ 30,000 $ 30,000 CRA Marketing & YYebsite Services $ 25,000 $ 25,000 $ 15,000 Websits - New Websits Platform and Design $ - $ - $ 20,000 Personnel Services $ 20,000 $ 20,000 $ 20,000 Economic Development Financial Assessment $ 10,000 $ 3,500 $ 3,500 Record Retention Consultant $ 10,000 $ 10,000 $ - 1 201 1 LEGAL SERVICES $ 50,000 $ 60,000 $ 60,000 1 204 1 OTHER PROFESSIONAL FEES $ 15,000 $ 15,000 $ 15,000 Fire inspections $ 500 $ 500 $ 500 City HR ILA $ 14,500 $ 14,500 $ 14,500 Notes: Reduction due to new audit services contract fees less than prior years. Increase in Legal Services due to ongoing litigation - related expenses. - 21 - General Fund • BUILDINGS & GROUNDS FY 2012 -2013 FY 2013-2014 I _ rt.51020 Original 1 Year End PilUptsted Change htcrr(Decr) I SUMMARY Budget Estimate SBudget Amount % _ 200 CONTRACTUAL EXPENSES $ 2,500 $ 2,500 1 2500 $ - 0% 201 ' PROPERTY TAXES & ASSOCIATION DUES $ 75,000 $ 75,000 $ SOO $ - 0% 205 RENTAL OF OFFICES $ 85,500 $ 83,500 $ $ 1,500 2% 208 EQUIPMENT LEASES $ 15,000 $ 10,000 $ $ (5,000) -33% 209 PROPERTY MAINTENANCE COSTS $137,000 $137,000 $ $ 51,527 38% 224 SIGNAGE $ 10,000 $ 12.000 $ 1$41$0 $ 5,000 50% 325 ELECTRIC COSTS $ 12.600 $ 10,000 $ -40 , ■ $ (2,600) -21% 326 WATER COSTS , 8,000 $ 7,000 $.. 7- '., ■ $ (1,000) -13% 5345,800 $337,000 5 ° 395 , r l $ 49,427 14 %1 „� ,' , _ 200 CO ' 4 • 1 $ 2,000 $ 2.500 $ 2,500 Alarms & Pest Control 201 1 PROPERTY TAXES & ASSOCIATION DUES $ 75,000 $ 75,000 $ 75,000 1 205 1 RENTAL OF OFFICES $ 85,500 $ 83,500 $ 87 710 N. Federal Hwy $ 82,000 $ 80,000 $ 82,000 Storage Facilities $ 3,500 $ 3,500 $ 5,000 1 208 1 EQUIPMENT LEASES $ 15,000 $ 10,000 $ 10,000 209 ( PROPERTY MAINTENANCE COSTS $ 137,000 $ 137,000 $ 188,527 General Reinke $ 25,000 $ 25,000 $ 25,000 Janitorial Services $ 15,000 $ 15,000 $ 15,000 Property Maintenance $ 72,000 $ 72,000 $ 103,527 Hunicane&Property Contingency $ 25,000 $ 25,000 $ 25,000 Maintenance Support related to Special Events $ - $ - $ 20,000 224 1 SIGNAGE $ 10,000 $ 12,000 $ 15,000 325 1 ELECTRICITY COSTS $ 12,000 $ 10,000 $ 10,000 326 1 WATER COSTS $ 5,000 $ 7,000 $ 7,000 Notes; Increases due to 211 E. Ocean building refurbishment, Event Support formerly in Special Events budget and 710 rental Increase, Reductions in copier leases, electric, water. -22- General Fund _ • I MARINA FY 2012 -2013 FY 2013.2014 Dept 51830 Original Year End Pkifeitid Change Irnxl(Decr) $ - Y Estimate - • Amount % 200 CONTRACTUAL EXPENSES $ 500 $ 500 t 500 $ - 0% 209 PROPERTY MANTENNICE COSTS $ 35,800 $ 35,800 $ MMIGO $ - 0% 241 MARINA MANAGEMENT CONTRACT $ 158,000 $ 158,000 $ ISM $ - 0% 242 FUEL STATION OVERHEAD $ 34.200 $ 34,200 $ WOO $ - 0% 310 OFFICE SUPPUES $ 500 $ 500 $ $ - 0% 325 ELECTRIC COSTS $ 15,400 $ 15,400 $ 11ht400 $ - 0% 326 WATER CHARGES $ 2,100 $ 2,100 $ *00 $ - 0% 327 GASOLAIE & DEISEL CHARGES $ 741,500 $ 741,500 t° 74000 $ - 0% 328 DIESEL SALES TAX $ 12,000 $ 12,000 ,$, - ' $ - 0% $1,000,000 $1,000,000 $ 1; ■ , r , . , i } $ - 0%l 200 CO NTRACTUA L EXPEN sEs Sea SplI Contract $ 500 $ 500 $ 500 209 ] PROPERTY MAINTENANCE COSTS $ 35,800 $ 35,800 $ 35,800 Trash Removal A Janitorial Services $ 9,100 $ 9,100 $ 9,100 Marina Mainlananoe $ 26,700 $ 26,700 $ 26,700 I 241 1 MARNA MANAGEMENT CONTRACT $ 158,000 5 158,000 $ 158,000 242 ( OPERATIONS - Merchant FeesfBuNdInMPhone $ 34,200 $ 34,200 $ 34,200 310 1 OFRCE SUPPLIES $ 500 $ 500 $ 500 325 1 ELECTRICITY COSTS $ 15,400 $ 15,400 $ 15,400 326 ( WATER CHARGES $ 2,100 $ 2,100 $ 2,100 I 327 1 GASOLINE & DEISEL CHARGES $ 741,500 $ 741,500 $ 741,500 328 1 DIESEL SALES TAX $ 12,000 $ 12,000 $ 12,000 -23- General Funs! • I INFORMATION TECHNOLOGY FY 2012 -2013 FY 2016.2014 art. 51650 Original Year End Proposed Charge Incrl(Decr)J Budget Estimate BudptA Amount % 200 CONTRACTUAL EXPENSES $ 2,000 $ 2,500 ,$„ 3,000 $ 1,000 50% 210 CITY IT SUPPORT $ 23,000 $ 22,500 $ 24000 $ 1,000 4% 211 COMPUTER SOFTWARE 8 LICENSES $ 750 $ 1,100 $ 1.200 $ 450 60% 212 FINANCIAL SOFTWARE MMNANCE $ 8,200 $ 8,200 $ 8,'00 $ 300 4% 330 TELEPHONE LINES $ 6,000 $ 6,000 $ $ - 0% 400 EQUIPMENT COSTS $ 5,000 $ 5,000 $ - . ' $ 4,750 95% $ 44,950 $ 45,300 $ . ill- 1 $ 7,500 17%* 200 j CONTRACT EXPE $ 2,000 $ 2,300 $ 3,000 Financial Accounting Software Updates $ 500 $ 500 $ 1,000 Maintenance of Phone System $ 1,500 $ 2,000 $ 2,000 210 1 IT SUPPORT $ 23,000 $ 22,300 $ 2000 211 1 COMPUTER SOFTWARE d LICENSES $ 750 $ 1,100 $ 1,200 212 FINANCIAL SOFTWARE MAINTENANCE 1 $ 8,200 $ 8,200 $ 8,500 330 j TELEPHONE SYSTEM & DATA LINES $ 6,000 $ 6,000 $ 6,000 400 j EQUIPMENT COSTS $ 5,000 $ 5,000 $ 9,750 Refill, Increase primarily related to cost for updated server. -24- • General Fund FY 20122018 FY 201352014 CONTINGENCY ACCOUNT Original Year End Proposed Change Incrl(Decr) I Dept. 51990 Budget Estimate &eget Amount % 200 1 CONTRACTUAL EXPENSES Contingencies $ 25,000 $ 25,000 $ BASS $ - 0%J -25- EI g11 ?110 1 0 »4.4 N - »»»»«» N ulw - .71aocroow 3 r m r 11 121 13 0 N d8'o�'0 8`c8°o218M E 1 1 41 . E O • Z NH HHNN NHN N . V i l E n vi at 1 `' 0 Si N : xg El N H N H N N H N N N C 3 d RR RRR §41 1 ; F §SR22ejj 5 3 mao adaoaoaoaoao o m } -.r..0v00000 .. .. ..... N N l ap g W ' a 1 ¢ Qg q f op �j QQQ Qg A ! O Vi I � `YY Y•L� qh` C ' a . - r W - .8 t. 6 di§ 1:711i1F.F 1 f« R uilkg i.kgg 4 %41 E1. g N N in b f0 .f l7 N R 6 ,:, ID ♦ ♦ N l7 la in r iltS g038216 V g — 14' a . 7 # 5 W69 4444444,444,444, N ' N/2 Stgag pi' g ,i,f'eggfauft; cc Thrf-i .. ..... H N H N P t n - Eig i 11 W r 11 c Z y a l t1.11.01 1 8 .1 2 d fg 1 III 1;11211 $, ;(1.11 1 iz ti 0 z E i li 1 - 1g� Z ti � l . 4- _ _ Pry Fund • bodge Skawmory • FY 2012-2013 20134014 Proposed vs. 2012-2013 Original Amended Year End P� » De d Inc na w cre F ------- 101 RCEa Budget I Budget I Estimate Bulket Amount X 1. Ruth Jones Irdarbr Rollover Reallocation - FY 2010 -2011 $ 100,000 $ 100,000 $ 100,000 $ - $ (100,000) -100% 2. Rollover - FY 2011- 2012 - COmoonIM Contingency $ 75,000 $ 75,000 $ 75,000 $ $ (75,000) -100% Old High School ( reallocated for new projects in FY13 -14) 38,050 38,050 - 35,050 $ - 0% Marina - Entry Sign at BBB & Federal (reallocated for new projects In FY13 -14) 96,134 96,134 3,989 92,145 $ (3,989) -4% Marina - Phase 1-B (reallocated to Marina Phase 2) 484,145 484,145 - $ (484,145) -100% Tree Art Project - Ocean Avenue 48,969 48,959 48,959 - $ (48,959) -100% Commercial Facade Grants Expired - 28,840 28,840 - $ (28,840) -100% Sub -Total Rolover FY 2011-2012 $ 740,288 $ 769,128 $ 156,788 $ 120,195 $ (6440,933) -83% ). Rollover - FY 2012-2013 - Camoonents: Magnuson House - 211 E. Ocean Ave. $ 338,795 $ 336,795 $ 150,000 $ 188,795 $ (1 50,000) -45% Marina - Phase 2 - - - 1,280,700 $ 1,280,700 100% Parking Redevelopment - - - 428,396 $ 428,395 -100% Economic Development Grants - 150,000 $ 150,000 -100% HAP - Shosals Proceeds - - 17,500 $ 17,500 -100% Sub -Tot Rollover FY 2012 -2013 $ 336,795 $ 336,795 $ 150,000 $ 2,063,390 $ 1,72%595 513% Sub -Total $ 1,177,083 $ 1,205,923 $ 406,788 $ 2,191,585 $ 985,662 82% Transfers In tram General Feed Other Financing Sources/Transfers In $ 1,933,938 2,278,386 2,276,388 3,846,270 $ 1,589,904 69% Total Revenues and Transfers In $ 3,111,022 $ 3,482,289 $ 2,693,154 $ 6,037,865 $ 2,555,586 73% I f FY 2012 - 201113 4° Proposed vs. 2012 -2013 ' :N I 1 Yq Pt, Der, x) Ex Contingency $ 75,000 $ 76,000 $ 75,000 $ 75,000 $ - 0% Professional Services 88,050 86,050 50,000 441,050 $ 355,000 413% Legal Services 45,000 45,000 45,000 25,000 $ (20,000) -44% Sub -Total $ 206,060 $ 208,050 $ 170,000 $ 541,050 $ 335,000 163% goilagiNgin Property Purchases $ $ - $ - $ 1279,970 $ 1,279,970 100% Improvements 98,134 96,134 3,989 125,000 $ 28,886 30% Construction In Progress 1 ,704,379 1 ,922,846 28,758 2,31 5,190 $ 392,544 20% Site Work & Demolition Fees 50,000 50,000 50,000 25,000 $ (25,000) -50% Infrastructure & Streetscape 48 ,959 48,959 48,959 152,145 $ 103,188 211% Sub -Total $ 1,899,472 $ 2,117,739 $ 129,704 $ 3,897,305 $ 1,779,566 84% Economic Development Grant Programs $ 185,000 $ 310,000 $ 180,000 $ 300,000 $ (10,000) -3% Marketing Program - Downtown 75,000 75,000 75,000 95.000 $ 20,000 27% DIFA - Economic Development 489,500 517,500 517,500 927,500 $ 410,000 79% Community Support Programs 1,500 1,500 - 2,000 $ 500 33% Sub•Totel $ 751,000 $ 904,000 $ 752,500 $ 1,324,500 $ 420,500 47% agejapj P & roorams Special Events $ 254,500 $ 254,500 $ 254,500 $ 275,000 $ 20,500 8% Total Project Fund Expenses $ 3,111,022 $ 3,482,289 $ 1,30%704 $ 6,037,855 $ 2,555,566 73% -27- Project Fund V OPERATING EXPENSES FY 2012 -2013 2013.2014 58100 Original 1 Amended I Yaw End Proposed , Change Incrl(Decr)1 SUMM * Budget Budget Estimate �. Amount % 202 CONTINGENCY $ 75,000 $ 75,000 $ 75,000 $ $ - 0% 203 PROFESSIONAL SERVICES $ 86.050 $ 86,050 $ 50,000 0:44 $355,000 413% 213 LEGAL SERVICES $ 45,000 $ 45,000 $ 45,000 $ (20,000) -44 % $206,050 205050 $170,000 >) $335,000 163% 1 DESAIL 202 1 CONTINGENCY $ 75,000 $ 75,000 $ 75,000 $ 75,000 1 203 1 PROFESSIONAL SERVICES $ 86,050 $ 66,050 $ 50,000 $ 441,050 Old High School $ 36,050 $ 36,060 $ - $ - (a) Surveys & Appraisals $ 10,000 $ 10,000 $ 10,000 $ 35,000 Architectural Design Assistance $ 40.000 $ 40,000 $ 40,000 $ 40,000 Town Square Planning S Financial Analysis $ - $ - $ - $ 61,050 Boynton Bach Boulevard - Design $ - $ - $ - $ 305,000 213 1 LEGAL SERVICES $ 45,000 $ 45,000 $ 45,000 $ 25,000 (a) Old High School consultant funding reallocated to Town Square Planning & Financial Analysis. Netts Increases due to Town Square Planning and Boynton Beach Boulevard Design Plan. -28- • CAPITAL OUTLAY FY 2012 -2013 2013414 Dept. 58200 Original Mended Year End Propelled Change Incrl(Decr) 1 , . S Y I Budget I Estimate Amount % 401 PROPERTY PURCHASES $ - $ - $ - $ " 4t ^ $ 1,279,970 100% 402 IMPROVEMENTS $ 96,134 $ 96,134 $ 3,989 1 ■ $ 28566 30% 404 CONSTRUCTION IN PROGRESS $1,704579 $1,922,646 $ 26,756 ***OS $ 392,544 20% 405 SITE WORK & DEMOLMON FEES $ 50,000 $ 50,000 $ 50,000 $ . A $ (25,000) -50% 406 INFRASTRUCTURE & STREETSCAPE $ 48,959 $ 48,959 $ 48,959 = $ . n ° • $ 103,186 211% $1,899,472 $2,117,739 $129,704 `1 w S" I $ 1,779,586 54 %I 401 1 PROPERTY PURCHASES I $ - $ - $ - $1,279,970 I 402 1 IMPROVEMENTS 11 96,134 $ 96,134 $ 3,999 $ 125,000 Markna Enby Signage at SE corner of BBB $ 98,134 $ 98,134 $ 3,989 $ - (a) Wayfnding Sign for Art District $ - $ - $ - $ 25,000 Entry Signage at North & South Federal Hwy. $ - $ - $ - $ 100,000 404 1 CONSTRUCTION hV PROGRESS * 1,704,3T0 $1,922,646 $ 26,756 *2,315,190 Marina - Phase 2 $1,300,000 *1,300,000 $ 19,300 $ 1,600,000 Magnuson House - 211 E. Ocean Ave. $ 186,795 $ 186,795 $ - $ 186,795 Parking Redevelopment $ 217,584 $ 435,851 $ 7,456 $ 528,395 I 405 I SITE WORK a DEMOLITION $ 50,000 $ 50,000 $ 50,000 $ 25,000 406 1 INFRASTRUCTURE a STREETSCAPE $ 48,959 $ 48,959 $ 48,959 $ 152,145 Tree Art Project - Ocean Avenue $ 48,959 $ 48,959 $ 48,959 $ - Ocean Breese West Housing Subsidy $ - $ - $ - $ 60,000 Tree Lighting Project Promenade/Ocean Avenue $ - $ - $ - $ 92,145 (a) Balance of 192,145 reallocated to Tree Lighting Project - Promenade, Ocean Ave. - 29 - Project Fund V ECONOMIC DEVELOPMENT PROGRAMS FY 2012-2013 2013.2014 kt, 59400 Original I Amended I Year End Proposed Change krd Decr) 1 8ud�.t Budget Estimate $ (10,000) 'a Amount �1c 444 ECONOMIC DEVELOPMENT O - 8185, $ 310,000 $160,000 $ �t 445 MARKETING NCEN rIVE • „ $ 75,000 $ 75,000 $ 75,000 $ 20,000 27% 443 DIRECT NCENTIVE FUNDING AG DIFA $409,500 $ 517,500 $517,500 $> $410,000 79% 470 COMMAU SU?! • • ' • $ 1,500 $ 1,500 $ - tLO0O 500 33% 5751,000 $ 904,000 5752,500 ,324".1001 $420,500 479$1 Economic Development Programs (Commercial Facade, 444 Construction, Interior Build-Out, Rent Subsidy) 5165,000 $ 310,000 =100,000 $ 300,000 445 (Marketing Program - Downtown $ 75,000 $ 75,000 $ 75,000 $ 95,000 1 443 I DIRECT INCENTIVE FUNDING AGREIGANTS $400,500 $ 517,500 $ 517, $ 927,500 DIFA - The Pressrve/Comerstorre l(YYear 1 of 10) $ 32,000 $ 35,000 $ 35,000 $ 110,000 DIFA - Seaboum Cove • Phase 1(Y.er 1 of 10) $ - $ - $ - $ 340,000 DIFA - Casa Costa (flkh The Promenade) (Year 4 of 10) $390,000 $ 410,000 $ 410,000 $ 410,000 DIFA - Wal -Mart (Year 2 of 10) $ 45,000 $ 50,000 $ 50,000 $ 45,000 Wal -Mart Brownfield Payment (Year 3 of 4) $ 22,500 $ 22,500 $ 22,500 $ 22,500 58500- 470 COMMUNITY SUPPORT PROJECTS $ 1,500 $ 1,500 $ - $ 2,000 Reakor Train in Historic Presentation $ 1,500 1,500 $ - $ Heritage Trait Creation & interactive Online Map $ - $ - $ - $ 2,000 fisttsE Increases primarily related to addition of DIFA payment for Seaboum Cove -Phase 1, increase in DIFA for Comerstone, new Downtown and Marina banners. -30. Project Fund 7 PROJECTS & PROGRAMS FY 2012 -2013 2013-2014 De pt. 58500 Original I Amended Year End Proposed Change IncrKDecr)1 SUMMARY Budget Budget Estimate _ Budget _ Amount % 480 1 SPECIAL EVENTS 5254,500 $ 254,500 $254,500 $ 275,000 20,500 8% L . � 480 1 SPECIAL EVENTS $2641600 $ 254,500 8264,500 $ 275,000 - Parade $ 20,1 s , 4 20,000 20,000 $ 25,000 - Time, fighting, Holiday Decorations $ 20,000 $ 20,000 $ 20,000 $ 20,000 - Concert $ 60,000 $ 60,000 $ 60000 $ 60,000 - PMe Fest 77,500 77,500 77,500 77,500 - Msrmald Splash $ - $ - $ - $ 25,000 - Je nuogiFebruar3lNar lAprdMMwy - Boat Parade 8 11,000 1 " 11,00 0,000 - Movies on the Ave $ 15,000 $ 15,000 $ 15,000 $ 10,000 - Community Fanners Market $ 3,500 $ 3,500 $ 3,500 $ 3,500 - General Event Support $ 20,000 $ 20,000 $ 20,000 $ - - Catch A Dance $ - $ - $ - $ 10,000 - Special Events Grant Program $ - $ - $ - $ 20,000 - Ocean Avenue Park - Sunday Concerts $ 7,500 $ 7,500 $ 7,500 $ Kinetic Symposium $ 5,000 $ 5,000 $ 5,000 $ - Increase due to expansion of Pirate Fest with Mermaid Splash. -31 - Ekorittim Bee* CM DOW MBle " „ • Change Incr /(Derr) 2012- 2013 2013 -2014 Prior Year vs FY 13-14 Dept. 0 Funding Sources Budget Budget Amount 1 % 49900 Transfers In from General Fund $ 1,909,083 $ 1,519,178 (389,905) -20% Fund Balance Allocation $ 400,000 $ • (400,000) -100% Debt Service Reserve Fund Allocation $ - $ 780,000 780,000 0% $ 2,309,083 $ 2,299,178 $ (9,905) 0% Dept. 8 Expenses Bank of America Loan 59800 -810 Loan Principal $ 246,708 $ 261,043 14,335 6% 59800 -820 Loan Interest $ 58,130 $ 43,795 (14,335) -25% Sub -Total $ 304,838 $ 304,838 - 0% Series 2004 & Series 2005 Bonds - Unrefunded 59800 -811 Principal $ 725,000 $ 750,000 25,000 3% 59800 -821 Interest $ 59,000 $ 30,000 (29,000) -49% Sub -Total $ 784,000 $ 780,000 (4,000) -1% Series 2012 (formerly Series 2004 & Series 2005A) 59800-814 Principal $ 143,000 $ 117,000 (26,000) -18% 59800 -824 Interest $ 394,770 $ 410,675 15,905 4% Sub -Total $ 537,770 $ 527,675 (10,095) -2% Series 2005B - Bond 82 59800-812 Principal $ 310,000 $ 330,000 20,000 6% 59800 -822 Interest $ 371,975 $ 356,165 (15,810) -4% Sub -Total $ 681,975 $ 686,165 4,190 1% 59800 -830 Financial Aoent Fees $ 500 $ 500 - 0% Total Debt Service Fund Expenses $ 2,309,083 $ 2 •,178 $ 9 •05 0% - 32 - 9071411X1 EINACH ,, , .., TE T . ... _ � . ENTs 7 Series 2012A& 20120 - Tax .01 °- IrcrirNntxR nw Unntundsd Tax burp** Total NW WAR, . BQ/!� Bans. .£ .. x ! , FY 20132014 $ 304,838 $ 527,675 $ 780,000 $ 686,165 $ 2,210,018 • FY 2014-2015 $ 304,838 $ 1,306,680 $ - $ 689,335 $ 2,300,853 FY 2015 -2016 $ 304,838 $ 1,311,666 $ - $ 686,485 $ 2,302,988 FY 20162017 - $ 1,625,934 8 - $ 675,863 $ 2,301,797 FY 2017 -2018 $ - $ 1,628,550 $ - 8 674,675 $ 2,303,225 FY 2018 -2019 $ - $ 1,626,270 $ - 8 672,358 $ 2,298,628 FY 2019 -2020 $ - $ 1,628,197 $ - $ 673,910 $ 2,302,107 FY 2020 -2021 $ - $ 1,623,202 $ - $ 674,050 •8 2,297202 FY 20212022 $ - $ 1,629,438 $ - $ 672,778 $ 2,302,216 FY 2022 -2023 $ - $ 1,624,800 $ - _ $ 675,093 $ 2,299,693 FY 2023-2024 $ - $ 1,627,942 $ - $ 670,713 $ 2,298,655 FY 2024.2025 $ - $ 1,564,235 $ - $ 914,920 $ 2,479,155 FY 2025 -2026 $ - $ 1,569,168 $ - $ 908,590 $ 2,477,758 , Total $ 914,513 $ 19,293,558 $ 780,000 $ 9,274,933 $30,263,004 Interest Rags 5.65% 2.56% 4.00% 5.10% - 5.65% - 33 -