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R17-086
1 2 RESOLUTION R17-086 3 4 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 5 FLORIDA RATIFYING THE 2017-2018 ANNUAL BUDGET 6 FOR THE BOYNTON BEACH COMMUNITY 7 REDEVELOPMENT AGENCY AND PROVIDING AN 8 EFFECTIVE DATE. 9 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 189.016 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 infoiriiation, 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 1 ratifies the adoption of the Boynton Beach Community Redevelopment Agency's 2017-2018 2 Annual Budget. 3 Section 3. This Resolution shall become effective immediately upon passage. 4 PASSED AND ADOPTED this 19th day of September, 2017. 5 6 CITY OF BOYNTON BEACH, FLORIDA 7 8 YES NO 9 10 Mayor— Steven B. Grant 11 12 Vice Mayor—Justin Katz 13 14 Commissioner—Mack McCray e 15 16 Commissioner—Christina L. Romelus 17 v 18 Commissioner—Joe Casello 19 20 21 VOTE 22 23 ATTEST: 24 25 26 4 27 Ju ' A. Pyle, CMS` 28 Ci Clerk 29 •31 32 (Corporate Seal) 33141 34 v Q ., B . . ,. • EAC 4 CRA BOARD MEETING OF: September 19, 2017 OLD BUSINESS AGENDA ITEM: XIII.D. SUBJECT: Consideration of Resolution 17-02 Adopting the CRA Budget for FY 2017 -2018 SUMMARY: At the August 8, 2017 CRA Board Meeting, the Board reviewed and approved the proposed FY 2017-2018 Project Fund, General Fund, and Debt Service budgets. See Attachment I for Resolution No. 17-02 for the CRA Budget. See Attachment I I for the Board approved Budget FY 2017-2018. FISCAL IMPACT: Adoption of FY 2017-2018 CRA Budget CRA PLAN/PROJECT/PROGRAM: 2016 Boynton Beach Community Redevelopment Plan CRA BOARD OPTIONS: Approve Resolution No. 17-02 adopting the attached FY 2017-2018 Budget, subject to ratification by the City of Boynton Beach Commission on September 19, 2017. ATTACHMENTS: Description Attachment I - R12-02 Budget Adoption FY 2017-2018 Attachment II -FY2017-2018 Budget RESOLUTION NO: R17-02 RESOLUTION OF THE BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY ADOPTING A BUDGET FOR THE FISCAL YEAR OCTOBER 1, 2017 TO SEPTEMBER 30, 2018,AND PROVIDING AN EFFECTIVE DATE. WITNESSETH: WHERrAS, the BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (BBCRA), in order to implement its Community Redevelopment Plan and provide for its operating expenses, has prepared a Budget for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018, attached hereto as Exhibit "A"; and WHEREAS, the Board has determined that said Budget is in the public's interest and is necessrry to implement the BBCRA's goals and objectives. NOW, THEREFORE, BE IT RESOLVED THAT: 1. The Budget attached hereto as Exhibit "A" for financial operations of the Boynton Beach Community Redevelopment Agency for the period from October 1, 2017 through September 30, 2018 is hereby adopted. 2. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 12th day of September, 2017. BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY By: Steven B. Grant, Chair J. Casello S. Grant J. Katz M. McCray C. Romelus 00551570-1 • • • • • • • CRA FUNDING/USES [' ` - . FY2017/2018 -�I FY18/19 I FY19/20 I FY20/21 I FY21/22 I FY22/23 I FY23/24 I FY24/25 I FY25/26 I FY26/27 I F127/28 I FY28/29 I FY29/30 Tex Increment Revenue(increased in futureyears by estlmeted TIR tray 600 Ocean end Ocean One) ii f 11,461,518 12,221,446 12285.44D 12.950.510 12.995,851 13,564.442 13,628,683 13,694,849 13,783,003 13.833,200 13,905,502 13,924,210 13.943,479 Marina Revenue I 1,000,000 1.000.000 1,000,000 1,000,000 1,000,000 1,000,000 1,000.000 1,000,000 1.000000 1,000,000 1,000.000 1,000 000 1.000,000 Fund Balance Allocation 8 Rollovers - - - - - - - - - - - - Fund BaHnceAllocation FY15.10(Approved 1]) 1 - - - - - - - - - - - - - ProjectFund-Release of Working Capital(7-11-17) I j 500.000 Total Revenue if 1 12,961,518 13,221,446 13,285,440 13,950,510 13,995,851 14,564,442 14,628,683 14,694,849 14,763,003 14,833,200 14,905,592 14,924,210 14,943,479 • II j 0eb16 Operating Expenses , Debt Service 2,140,955 2,136,485 2,140.852 2,137,822 2,140.528 2,136,830 2,135,81] 2,317,425 2.319,093 - - - - img Expenses 3%210r peryr I` I 2,619,338 I 2,697,918 2,778,855 2,862,221 2,948,088 3,038,530 3.127.526 3.221,455 3,318,099 3,417,641 3,520,171 3,625,776 3.73449 Merin ' ) 1,000,000 I 1,000000 1,000,000 1,000,000 1,000,000 1.000000 1.000.000 1.000,000 1,000,000 1,000,000 1,000,000 1,000.001 1.000.0002 Sub-Total Debra Opero0m9&peones j. 5,760,293 6,834,383 6,919,707 6,000,043 6,088,616 8,1]3,360 6,263,444 6538,880 8037,192 4,417,641 4,520,171 4,626,777 4,734,551 Remaining II I Dowlopor T.Increment Revenue Funding 02 03 leO 00 Contractual Obligations ( - Payments Casa Costa(47.5%10 Years) I, Year 8k I 550,000' 677000 608,375 - - - - - - - 1.183,871 Wal-Mart(26%Years 6-10) Year 6e i 20,000 , 21.000 22.050 23,153 24,310 - - - - - - 90,513 Seaboum Cove-Phase I(50%-10 Years) I 390,000 ' 409,500 429,975 451,474 474.047 497,750 - - - - Seaboum Cove-Phase 11(50%.10 Years) - Year4e I 165,000 173,250 181,913 191,008 200.559 210,586 221,118 - - - 1.178631 Preserve(75%Yrs 6.5;25%Ym 8-10) Year 3P I - 105,000 . 110,250 115,783 40,000 42,000 44,100 46,305 48020 - - - 447030 500 Ocean(75%Yrs 1-4 50%Yrs 5-7:25/Y ) V 569,945 817,942 638,480 665.576 450.161 463,685 477,576 245,952 253,330 260030 6631 557 Ocean One Phase One(75%Yre 1-7,50%Yr.8) - - 480,264 495.176 510.535 526,354 542,649 659.432 576.718 396349 - 5 4.o07.477 Ocean One Phase Two(75%Yrs t-]50%Yr.8) 1 iii - - - - 391.417403,520 415.986 426827 442,052 455,674 469.705 1 S 3.329.952 SuSTolai TIRFA Payments I" 1,230,000 . 1.661.446 1,974.017 1,822,370 1,091,867 2,104.549 1,660.960 1. 4.601 1.234,211 1,272,100 1,112.953 469,705 322,771 3 17,261509 Total DohO0pervun2iob good Expenses 6,990,293 ) 46 Available Project Funds 1 I 5,971.225 1 5,525,616 5 391 715 6,128,089 6,015,568 6,286,532 6,704,279 fi 671,137 6,891,600 9,143,458 9,272,378 9,828 728 .._9,886,156 • _ _ ' CRA PLAN ROLLOVER es ofT/2oi17 w .. ,__ - TOTAL PROJECT � Projects. DISTRICT As 0(]120117 ALLOCATIONS FUND Ocean Breeze East(a) 551,000 - 551,000 - - - - - - - - - - - - Tewn Square Project Funding -0.8sar - 2,500,000 2,500,000 3.100.000 3.706000 3,700,000 2.250,000 2,250,000 2.250,000 2,250.000 2.250,000 2.250.000 1,500,000 1.500.000 1.530,000 - Old High School Stabilization - - - - - - - - Sara Sims Park ren - 600,000 600,000 - - - - - - - - - - - - MLK Corridor Redevelopment(a) or on 600,000 600,000 1,200,000 - - - - - - - - - - - - Model Block 360,670 - 380,670 - - - - - - - - - - - - Boynton Beach Blvd Design/Construction e>I,wn 0.2.0 - - - - - - - - - - - - - - - E.Boynton Beach Blvd Ext Improvements Boy.nBuir6.0 - 125,000 125,000 Property Acquisition 0161.1.31de 766,435 - 766,435 - - - - - _ - . - - - - - Cottage District Project HMI Of Boynton 70,000 - 70,000 - - - - - - - - - - SpecialEvents IntratMes - . 578,000 578,000 - - - - - , - - - - - • - SpecialEvents-Community Grants - - - - - - - - - . - - - - Woman's Club-Capital Improvements/Renovations' ominavads -. - 200,000 200,000 - - - - - - - - - - - - Economic Development Grants(a,b) Marrow.. 383,333 135,825 519,158 - - - - - - - - . - - - Professional Services(b) was - 564,400 664,400 - - - - - - - - - . - - Nei9hborhood Policing Unit nelmreme - 372,000 372,000 - - - - - - - - - - - - Community Standards Outreach Coordinator - - - - - - - - - - - - - - - Director ofEconomic Development - - - - - - - - - - • - - Site Work 8Demolition Manor/.s 73,957 - ', 73,957 - - - - - - - - - - - - - Community Workshops/Meetings - - - - - - - - - - - - - Business Incubator Programs 10mro1Was - 125,000- 125,000 - - - - - - - . - - - - CommunityClean Program - - - - - - - - - - - - - - - MarkeOng-Bueinese Assistance I9moapoe - 121,000. 121,000 - - - - - , - - - - - - - Housing Rehab Program mer mango: 50,000 60,000 - - - - _ - - - - - - - - ConatruNonln Progress icornnmad a F310-171 - - - - - - - - - • - - - - Sub-Tocol $2,805,395 I $ 5,071,225 $ 8,776,620' 3.700,000 3,0,000 3.700,000 2,260.000 2,260.000 2956000 2.260,000 2956000 2,250,000 1.600.000 1.600.000 1,500,000 $ - (0)1 I 1. 4036 270 4.421,137 4,641,600 09.3.458 7972,376 6326,72e 6,36050 TIRFA Payments.r $ '1,230,000 - Tetal Prejon Fund IJ Total Proj.t Fund.' ,$ 10,008,620 I Per.Board Par Ina Board Per 1.8eard 7/11117OrIginal 7n Original 7/11/17 Mal Rollover tel 1ELK Corridor R3devoloement Rolbwt 161 Professional Services Rollover 3 270900 - 1bi EconCmk Devele6mont 0mnts Rolkvet S 165.000 106000 Rea600ated as follows: Reallocated as P11066' Rollover Components Or(01106/0. WE Corridor Redevelopment-Remaining Rollover 5 6009100 TO Economic Development Grants S 200,000 From Professional Services Rollover FY18.1720,000' 200900 5 700.8n Breeze East 5 To Cortege Dist.Program-01P S 70,000 From MLK Development Rollover FY 16-17 11900 11,000 TO Economic Development Grants 3 11900 270,000 From Marina Open Space FY-16-17 S 7,333 7,333 5 1,162,000 3 156000 S 210953 353935 _ Boynton Beach CRA General Fund-.,Budget Summary- FY 2017-2018: A :- FY 2016-2017 ` •1" 2017-2018 vs.Prior Year Original Amended Year End 2017-2018 Increase/Decrease) REVENUES Budget Budget Estimate Budget Amount I Tax Increment Revenue(TIF) $10,363,156 $10,363,156 $10,579,150 ,.$11,461,518-? $1,098,362 11% (a) Marina Rents&Fuel Stiles $ 1,000,000 $ 1,000,000 $ 1,000,000 1-$" 1 000,000 ; $ - 0% Fund Balance Allocation-FY14-15 $ 668,607 $ 668,607 $ 668,607 ! $ ; -II. $ (668,607) -100% (b) Fund Balance Allocation-FY15-16 $ - $ 671,909 $ 671,909 j $ - $ (671,909) -100% (c) Total Revenues $12,031,763 $12,703,672 $12,919,666 i $12,461,518 k $ (242,154) -2% EXPENSES CRA Board&Advisory Board $ 29,650 $ 29,650 $ 29,850 $ 30,500 $ 850 3% Administration i Executive Department $ 455,422 $ 455,422 $ 460,886 ; $ 445,240 $ (10,182) -2% Finance Department $ 282,679 $ 282,679 $ 265,622 '> $ 186,060.; $ (96,619) -34% Planning&Development Department $ 163,668 $ 163,668 $ 161,948 ! $'". .115,290 1 $ (48,378) -30% Marketing&Business development $ 141,432 $ 141,432 $ 141,173 ; $ 167,620 s $ 26,188 19% Special Events Departnnient $ 104,696 $ 104,696 $ 104,596 f $ ; . 86,870'tl $ (17,826) -17% Taxes, Employee Benefits, Compensated Absenc s,Workers Comp $ - $ - $ - $ 367,938:? $ 367,938 N/A Sub-Total $ 1,147,897 $ 1,147,897 $ 1,134,225 ` $ 1,369,018 q $ 221,121 19% (d) d Other General Fund Expenses Insurances $ 179,250 $ 179,250 $ 164,250 r $ 172,500 1 $ (6,750) -4% Professional Services $ 252,000 $ 252,000 $ 227,000 ; $ 274,000.; $ 22,000 9% Buildings,Grounds, Maintenance $ 505,545 $ 505,545 $ 449,045 s.$" 592,770 € $ 87,225 17% Marina Operations $ 1,000,000 $ 1,000,000 $ 990,000 $ 1,000,000E $ - 0% Information Technolog $ 64,500 $ 64,500 $ 60,000 $ 80,550; $ 16,050 25% Contingency $ 100,000 $ 100,000 $ - ;"$ 100,000.: $ - 0% Sub-Total $ 2,101,295 $ 2,101,295 $ 1,890,295 $~2,219,820 ` $ 118,525 6% (e) Total General Fund Operating $ 3,278,842 $ 3,278,842. $ 3,054,370 $ 3,619,338 $ 340,496 10% i Operating Transfers Out Transfer to Debt Service Fund $ 2,140,220 $ 2,140,220 $ 2,140,220 $ 2,140,955 $ 735 0% Transfer to Project Fund $ 6,612,701 $ 7,284,610 $ 7,284,610 $ 6,701,225 '•, $ (583,385) -8% Sub-Total $ 8,752,921 $ 9,424,830 $ 9,424,830 £ $ 8,842,180 $ (582,650) -6% Total General Fund E penses& Transfers Out $12,031,763 $12,703,672 $12,479,200 $12,461,518'.; $ (242,154) -2% NOTE:'AdminustrativejCosts Asa%of General Fund ...1 % (a)Property values in CRA up 8.3% (b)Source:Audit ending 9/30/15-General Fund, Unassigned Fund Balance; less$167,152 for insurance reserve. Total audited unassigned=$835,759. (c)Source:Audit ending 9/30/16-General Fund, Unassigned Fund Balance; less$167,909 for insurance reserve. Total audited unassigned=$839,545. Resolution Budget#1 R17-01 CRA Board Approved 6/13/2017 (d)Due to(1)consolidation of FICA taxes,benefits,workers comp insurance, reemployment and compensated absences in one general ledger department,and(2)addition in Marketing Dept.of advertising costs for Woman's Club and Marina. Marina advertising formerly in Project Fund, moved to General Fund due to completion of all phase of construction. (e) Increase due to website redesign,cost allocation of medical clinic,Woman's Club maintenance costs and insurance, NovusAgenea and LaserFische software. 2 Boynton,Beach CRA: a Debt Service Fund- Budget Summary FY 2016-2017 2017-20.18.: 2017-2018 vs. Prior Year Original Amended Year End - Increase/(Decrease) ,,._________L Dept.# `Funding Source Budget Budget Estimate Budget Amount 49900 Transfers In from General Fund $2,140,220 $_2,140,220 $ 2,140,220 $2,140,955 $ 735 0.0% 4s Expenses'; _ __ ___,_1 Series 2012(formerly Series 2004&Series 2005A)-PNC Bank k , 59800-814 Principal $ 1,265,000 $ 1,265,000 $ 1,265,000 €.$ 1,300,000 $ 35,000 2.8% 59800-824 Interest $ 360,935 $ 360,935 $ 360,935 $ , 328,550 a $ (32,385) -9.0% Sub-Tot l $ 1,625,935 $ 1,625,935 $ 1,625,935 $ 1,628,550 $ 2,615 0.2% . i Series 2015(formerly Series 2005B)-BB&T 59800-815 Principal $ 360,000 $ 360,000 $ 360,000 "$ 370,000 $ 10,000 2.8% 59800-826 Interest $ 153,285 $ 153,285 $ 153,285 $ 141,405 $ (11,880) -7.8% Sub-Total $ 513,285 $ 513,285 $ 513,285 € $ 511,405 $ (1,880) -0.4% 59800-830 Financial Agent Fees $ 1,000 $ 1,000 $ 1,000 f"$1 1,000 { $ - 0.0% Total Debt Service Expenses $2,140,220 $2,140,220 $ 2,140,220 1 $2,140,955 $ 735 0.0% 3 BOYNTON BEACH CRA AGGREGATE DEBT SERVICE REQUIREMENTS Series 2012 - Series 2015 - YEAR PNC Bank(a) BB&T(b). TOTAL FY 2017-2018 - ' $ 1,.628,551. $ 511,405 $. , , . 2,139,956 t FY 2018-2019 $ 1,626,271 $ 509,195 $ 2,135,466 FY 2019-2020 $ 1,628,197 $ 511,655 $- 2,139,852 FY 2020-2021 $ 1,623,202 $ 513,620 $ 2,136,822 FY 2021-2022 $ 1,629,439 _ $ 510,090 $ 2,139,529 FY 2022-2023 $ 1,624,600 $ 511,230 $ 2,135,830 FY 2023-2024 $ 1,627,943 $ 506,875 $ 2,134,818 FY 2024-2025 $ 1,564,236 i $ 752,190 $ 2,316,426 FY 2025-2026 $ 1,569,168 $ 748,925 $ 2,318,093 Total $ 14,521,608 $ 5,075,185 $ 19,596,793 Interest Rates 2.56% 3.30% Proiects Funded Through Bonds(2004-.2012) Boynton Beach Blvd Ext/Promenade Walkway $ 10,022,149 34% Property Acquisitions $ 11,485,686 39% Marina Purchase $ 6,393,700 22% Homeownership Assistance Grants $ 1,389,493 5% Economic Development Grants $ 320,648 1% Total $ 29,611,676 100% (a) Originally issued in 2004 for$18.9 million with net proceeds of$17.1 million (less reserve and insurance costs). Refunded in 2012 for a reduction in interest rate from 5%to 2.56%and interest rate savings of$2.6 million. (b) Originally issuei in 2005 for$11.3 million with net proceeds of$10.0 million (less reserve and insurance costs). Refunded in 2015 for a reduction in interest rate from 5.6%to 3.3%and interest • rate savings of$1.8 million. Note: Total interes rate savings on remaining debt realized of$4.4 million. 4 General Fund -` i- -- CRA BOARD &ADVISORY BOARD - 01-` ,51010 FY 2016-2017 FY 20.17-2018 Original Amended Year End Change incr/(Decr) , SUMMARY Budget Budget Estimate Budget : Amount 200 CONTRACTUAL EXPENSES $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ - 0% 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 i $ .6,500 $ - 0% 225 CONFERENCES, MEETINGS $14,500 $ 14,500 $14,500 $ 15,000 $ 500 3% 227 DELIVERY SERVICES $ 400 $ 400 $ 600 ` $ 750 ` $ 350 88% 310 OFFICE SUPP IES $ 750 $ 750 $ 750 '$:, ' ,, `7,50.'I $ - 0% Total $29,650 $ 29,650 $29,850 ,=$m 30,500 1 $ 850 3% 1 DETAIL. 200 CONTRACTUAL EXPENSES $ 7,500 $ 7,500 $ 7,500. $ 7,500 Board Minutes&City Staff Costs CRA Board $ 7,500 $ 7,500 $ 4,000 $ 4,000 Advisory Boarld $ - $ - $ 3,500 $ 3,500 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 $ 6,50.0 Board Meetin qs & Legal Notices CRA Board $ 6,500 $ 6,500 $ 5,000 $ 5,000 Advisory Board $ - $ - $ 1,500 $ 1,500 CONFERENCES,MEETINGS, 225 WORKSHOPSI(CRA Board) $14,500 $ 14,500 $14,500 $ 15,000 1.ABC's of CFAs $ - $ - $ - $ - 2. Florida Redevelopment Assoc. (FRA) $12,000 $ 12,000 $12,000 $ 12,000 3.Training,Workshops, Business Development Board $ 500 $ 500 $ 500 $ 500 $ 2,000 $ 2,000 $ 2,000 $ 2,500 4. FL League of Cities(shared with City) 227 DELIVERY SERVICES $ 400 $ 400 $ 600 -$ - _ 750 310 OFFICE SUPPLIES $ 750. $ 750 $ 750 $ 750 CRA Board $ 600 $ 600 $ 600 $ 600 Advisory Board $ 150 $ 150 $ 150 $ 150 Notes: Increase due to incr ased redevelopment activity and delivery services to related legal, municipal,state and county agencies and League of Cities cost sharing. 1 General Fund EXECUTIVE sDEPARTMENT-;`01-51230 . ; FY2016-2017 FY 2017-2018 I Original Amended Year End Change Incr/(Deco) }SUMMARY • '' Budget Budget Estimate Budget Amount ,,I.. %.: 100 PERSONNEL SERVICES $ 409,752 $409,752 $418,116 $ ; 384,900,! $ (24,852) -6% 115 AUTO ALLOWANCE $ 3,000 $ 3,000 $ 3,000 f:$, 5,220 1 $ 2,220 74% 225 CONFERENCES,MEETINGS $ 12,400 $ 12,400 $ 9,000 [$ 16,500'1 $ 4,100 33% 226 MEMBERSHIP DUES $ 7,535 $ 7,535 $ 7,535 ,$ '-4 11,385 I $ 3,850 51% 227 DELIVERY SERVICES $ 500 $ 500 $ 500 E"$. ,' 500 $ 0% 229 CAREER DEVELOPMENT $ 12,500 $ 12,500 $ 12,500 s$ 16,500 3 $ 4,000 32% 310 OFFICE SUPPLIES $ 2,500 $ 2,500 $ 3,000 :$ 3,000 ` $ 500 20% 315 POSTAGE $ 2,500 $ 2,500 $ 2,500 $; 2,500 a $ - 0% 340 CELLULAR HONES $ 2,880 $ 2,880 $ 2,880i.$ 2,880 l $ - 0% 355 SUBSCRIPTIONS $ 605 $ 605 $ 605 $ 605';+ $ - 0% 360 BOOKS&PUBLICATIONS $ 250 $ 250 $ 250 $ ' 250 $ - 0% 400 EQUIPMENT COSTS $ 1,000 $ 1,000 $ 1,000 $, 1,000 "$ - 0% Total $ 455,422 $455,422 $460,886 f$ 445,240.I $ (10,182) -2% I,.' DETAIL 100 PERSONNEL SERVICES $ 409,752 $409,752 $'418,116 _$ '-384,900 Salaries Executive Director $ 130,691 $130,691 $135,000 $ 135,000 Assistant Director $ - $ - $ - $ 118,500 Development Services Specialist $ 62,548 $ 62,548 $ 68,303 $ - MarketinglEvents/Eco.Devl.Asst. $ 35,000 $ 35,000 $ 40,000 $ 42,500 Overtime-Non-Exempt $ 2,500 $ 2,500 $ 2,500 $ 2,500 Administrative Assistant $ 35,000 $ 35,000 $ 40,000 $ - Administrative Services Manager $ - $ - $ - $ 50,000 Part-Time Ehiployee(s) $ 11,700 $ 11,700 $ - $ 36,400 Taxes&Benefits $ 132,313 $132,313 $132,313 $ - 115 AUTO ALLOWANCE $ 3,000 $ 3,000 $ 3,000 $ ` 5,220 225 CONFERENCES/MEETINGS/WORKSHOPS $ 12,400 '$ 12,400 $ 9,000 $ 16,500 Regional-Local Meetings&Seminars $ 2,500 $ 2,500 $ 2,000 $ 3,500 National Conference $ 4,000 $ 4,000 $ 2,500 $ 6,000 State Conference $ 3,500 $ 3,500 $ 2,500 $ 5,000 Mileage $ 2,400 $ 2,400 $ 2,000 $ 2,000 226 MEMBERS IP DUES $ 7,535 $ 7,535 $ 7,535 $ 11,385 Urban Landllnstitute(ULI) $ 600 $ 600 $ 600 $ 600 American Planning Association(APA) $ 810 $ 810 $ 810 $ 810 Florida Redevelopment Association(FRA) $ 1,500 $ 1,500 $ 1,500 $ 1,500 American Institute of Planners(AICP) $ 500 $ 500 $ 500 $ 500 Business Development Board(BDB) $ 2,250 $ 2,250 $ 2,250 $ 2,250 Int'(.Council of Shopping Centers(ICSC) $ - $ - $ - $ 500 American Institute of Architects(AIA) $ - $ - $ - $ 1,250 Realtors Commercial Alliance $ 350 $ 350 $ 350 $ 350 NAIOP Commercial Real Estate Association $ 625 $ 625 $ 625 $ 625 Multiple Listing Service&Realtors Assoc. $ - $ - $ - $ 1,100 Realtors Association of Palm Beaches $ - $ - $ - $ 1,000 Int'(.Economic Development Council(IEDC) $ 500 $ 500 $ 500 $ 500 Chamber of Commerce $ 400 $ 400 $ 400 $ 400 227 DELIVERY SERVICES $ 500 '$ 500 $ 500 $ 500 , 229 CAREER DEVELOPMENT $ ,12,500 $ 12,500 $ 12,500 $ 16,500 American Pllanning Assoc.Cont.Prof.Ed. $ 3,000 $ 3,000 $ 3,000 $ 3,000 Intl.Economic Development Council(IEDC) $ 3,500 $ 3,500 $ 3,500 $ 3,500 FRA Continuing Education $ 4,000 $ 4,000 $ 4,000 $ 5,500 AIA ContinLing Education $ - $ - $ - $ 2,500 Florida Festivals&Events $ 2,000 $ 2,000 $ 2,000 $ 2,000hI 310 OFFICE SU PLIES $ 2,500 $ 2;500 $ .3,000 $ 3,000 315 POSTAGE I $ 2,500 $ 2,500 $ 2,500 $ 2,500 340 CELLULAR(PHONES $ 2,880 $ 2,880 $ 2,880 $ 2,880 355 SUBSCRIPTIONS $ 605 $ 605 '$ 605 -$ , 605', Florida Trer)d $ 250 $ 250 $ 250 $ 250 South Florida Business Journal $ 130 $ 130 $ 130 $ 130 Downtown Idea Exchange $ 225 $ 225 $ 225 $ 225 360 BOOKS&PUBLICATIONS ,'$ 250 $ 250 $ 250 $ 250. 400 EQUIPMENT COSTS $ 1,000 _$ 1,000 $ 1,000 $ 1,000 Notes: Decrease in personnl I services due to Development Services position moved to Planning Department and taxes and benefits consolidated in 01-59000 Taxes&Employee Benefits department. Auto allowance,conterences,memberships and career development increased for Assistant Director addition to Executive Department(previously in Planning Department). 2 General Fund . ♦ . FINANCE DEPARTMENT 01-5.1325, "'" FY 2016-2017 FY 2017-2018 I Original Amended Year End . ; ;' , .„ Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I. % 100 PERSONNEL SERVICES $ 255,919 $255,919 $237,662 €.$, 158,000.' $ (97,919) -38% 200 CONTRACTUAL EXPENSES $ 250 $ 250 $ 250 ! $"'. , 250 1 $ - 0% 201 BANK FEES 1 $ 2,000 $ 2,000 $ 3,000 r $ •3,000 $ 1,000 50% 225 CONFERENCES,MEETINGS $ 10,450 $ 10,450 $ 10,450 $ 10,450.G $ - 0% 226 MEMBERSHIP DUES $ 820 $ 820 $ 820 I $ 820. $ 0% 227 DELIVERY SERVICES $ 500 $ 500 $ 500 }$ 500 1 $ - 0% 229 CAREER DEVELOPMENT $ 5,000 $ 5,000 $ 5,000 r$ 5,000. $ - 0% 310 OFFICE SUPPLIES $ 2,500 $ 2,500 $ 2,500 -$'' 2,500;} $ - 0% 340 CELLULAR PHONES $ 1,440 $ 1,440 $ 1,440 '$ 1,440;1 $ - 0% 355 SUBSCRIPTIONS $ 1,300 $ 1,300 $ 1,200 $ 1,300, $ - 0% 360 BOOKS&PUBLICATIONS $ 700 $ 700 $ 700 ,$ 700,i $ - 0% 365 OFFICE PRINTING COSTS $ 300 $ 300 $ 600 l$ 600 ; $ 300 100% 400 EQUIPMENT COSTS $ 1,500 $ 1,500 $ 1,500 .$..'' 1,500:1 $ - 0% Total $ 282,679 $282,679 $265,622 ",$ 186,060. $ (96,619) -34% 1 I DETAIL 100 PERSONNEL SERVICES . $ 255,919. $255;919 $237,662 $ `-158,000 Salaries Finance Director $ 101,036 $101,036 $ 93,000 $ 93,000 Finance Specialist $ 75,221 ` $ 75,221 $ 65,000 $ 65,000 Taxes&Benefits $ 79,662 $ 79,662 $ 79,662 $ - CONTRACTUAL EXPENSES-Florida Dept.of 200 Economic Opportunity $ _ . 250 $ 250 $ 250 $ ` • 250 201 BANK FEES $ 2,000 $ 2,000 $ 3,000 $ 3,000 j 225 CONFERENCES,MEETINGS,WORKSHOPS $ 10,450 $ 10,450 $ 10,450 $ _10,450`' Regional-Local Meetings&Seminars $ ,750 $ 750 $ 750 $ 750 Mileage $ 700 $ 700 $ 700 $ 700 Financial Systems Conference(INCODE) $ 4,000 $ 4,000 $ 4,000 $ 4,000 Florida Redevekopment Association(FRA) $ 3,000 $ 3,000 $ 3,000 $ 3,000 Budget Meeting $ 2,000 $ 2,000 $ 2,000 $ 2,000 226 MEMBERSHIP DUES $ 820 $ 820 $ 820 $ 820 FL Government Finance Officers Assoc.(FGFOA) $ 300 $ 300 $ 300 $ 300 Government Fiance Officers Assoc.(GFOA) $ 320 $ 320 $ 320 $ 320 Society for Hurjian Resource Management $ 200 $ 200 $ 200 $ 200 227 DELIVERY SERVICES $. 500 $ 500 $ 500 -$ 500 229 CAREER DEVELOPMENT $ 5,000 $ 5,000 $ 5,000 $ 5,000 Finance Certifi'ation Programs/Continuing Ed.)- GFOAIFGFOA $ 5,000 $ 5,000 $ 5,000 $ 5,000 310 OFFICE SUPPLIES $ 2,500 $ 2,500 $ -2,500 $ 2,500 340 CELLULAR PHIONES $ 1,440 $ 1,440 $ 1,440 '$ 1,440, 355 SUBSCRIPTIONS-Financial Reporting Agencies $ 1,300 '$ -1,300 $ 1,200 $ 1,300 360 BOOKS&PUBLICATIONS $ 700 $ 700 $ 700 $ 700 365 OFFICE PRINTING COSTS-Check Stock/1099s $ 300 $ 300 $ 600 $' 600 400 EQUIPMENT CDSTS $ 1,500 $ 1,500 $ 1,500 $ 1,500 Notes: Decrease due to all employee taxes and benefits consolidated in 01-59000 Taxes&Employee Benefits department. 3 General Fund r-, T. .� PLANNING&DEVELOPMENT DEPARTMENT- 01-51440 FY 2016-2017 FY 2017-2018: 1 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I ` 100 PERSONNEL SERVICES $145,308 $145,308 $145,308 f $; . 75,000 A $(70,308) -48% 225 CONFERENCES,MEETINGS $ 4,820 $ 4,820 $ 4,820 I $` 29,820 , $ 25,000 519% 226 MEMBERSHIP DUES '..$ 2,100 $ 2,100 $ 2,100 $ = 350 $ (1,750) -83% 227 DELIVERY SERVICES $ 300 $ 300 $ 300 ¢$ 300 $ - 0% 229 CAREER DEVEILOPMENT $ 4,300 $ 4,300 $ 4,200 E"$ 4,300 ' $ - 0% 310 OFFICE SUPP4IES $ 1,500 $ 1,500 $ 1,500 € $ . " 1,500 $ - 0% 340 CELLULAR PHONES $ 900 $ 900 $ 720 6$ 720 ", $ (180) -20% 355 SUBSCRIPTIO(JS $ 2,640 $ 2,640 $ 1,200 1 $ 1,500 ' $ (1,140) -43% 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 300 f $ 300 1 $ - 0% 365 OFFICE PRINTING COSTS $ 1,500 $ 1,500 $ 1,500 I$ 1,500 $ - 0% Total $ 163,668 .$163,668 $161,948 I $ 115,290.:1 $(48,378) -30% 1 DETAIL 100 PERSONNEL SERVICES , $ 145,308 $145,308 $145,308 $ 75,000 Salaries Assistant Director $ 101,275 $101,275 $101,275 $ - Development Services Manager $ - $ - $ - $ 75,000 Taxes&Benefits $ 44,033 $ 44,033 $ 44,033 $ - 225 CONFERENCES,MEETINGS,WORKSHOPS $ 4,820 $ 4,820 $ 4,820 $ 29,820 Regional-Loc l Meetings&Seminars $ 2,000 $ 2,000 $ 2,000 $ 2,000 Mileage $ 1,320 $ 1,320 $ 1,320 $ 1,320 Economic Development Conferences $ 1,500 $ 1,500 $ 1,500 $ 1,500 Community Workshops&Meetings $ - $ - $ - $ 25,000 226 MEMBERSHIP DUES $ 2,100 $ . 2,100 $ 2,100 $ 350 Realtors Commercial Alliance $ - $ - $ - $ 350 Multiple Listing Service&Realtors Assoc. $ 1,100 $, 1,100 $ 1,100 $ - Realtors Association of Palm Beaches $ 1,000 $ 1,000 $ 1,000 $ - 227 DELIVERY SERVICES $ 300 $ 300 $ 300 $ 300 229 CAREER DEVELOPMENT , $ 4,300 $ 4,300 $. 4,200 $ 4,300 , Redevelopment Continuing Education $ 2,500 $ 2,500 $ 2,500 $ 2,500 Florida Redevelopment Association(FRA) $ 1,800 $ 1,800 $ 1,700 $ 1,800 310 OFFICE SUPPLIES $ 1,500 $ 1,500 ° $ 1,500 $ 1,500, 340 CELLULAR PHONES ' $ 900 $ 900 $ 720 $ 720 355 SUBSCRIPTIONS-LoopNet ,$ 2,640 $ 2,640 $ 1;200 $ 1,500.. 360 BOOKS&PUBLICATIONS ( $ 300 $ 300 $ 300 $ 300 365 OFFICE PRINTING COSTS $ 1,500 $ 1,500, ' $ 1,500 $ 1,500 Notes: Decreases due to Assistant Director position moved to Executive Department with associated expenses. Community Workshops&Meetings moved from Project Fund to General Fund. - 4 General Fund -__ a_ _ MARKETING i BUSINESS DEVELOPMENT FY 2016-2017FY 2017 2018 I-. ,01-57400` Original Amended Year End Change Incr/(Decr) ' I SUMMARY Budget Budget Estimate Budget Amount I ',.%, 100 PERSONNEL SERVICES $ 88,737 $ 88,737 $ 89,128 1 $ "61,035', $ (27,702) -31% ADVERTISING/COMMUNITY/WOMAN'S 216 CLUB/MARINA $ 6,000 $ 6,000 $ 5,000 $ 58,540•I $ 52,540 876% 218 MARKETING/WOMAN'S CLUB COLLATERAL $ 5,000 $ 5,000 $ 5,000 I $ 5,000. $ - 0% 225 CONFERENCES,MEETINGS $ 5,900 $ 5,900 $ 5,900 L$° 5,900 $ - 0% 226 MEMBERS IP DUES $ 5,250 $ 5,250 $ 5,800 "$ 5,800' $ 550 10% 227 POSTAGE $ 4,000 $ 4,000 $ 3,000 " 4,000 1 $ 0% 229 CAREER DEVELOPMENT $ 1,800 $ 1,800 $ 2 5001,$ $ 2,500"i $ 700 39% 236 PHOTOGRAPHY&VIDEOS $ 15,000 $ 15,000 $ 15,000 $ 15,000 j $ - 0% 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ - 0% 340 CELLULAR PHONES $ 720 $ 720 $ 720 $' 72('C $ - 0% 355 SUBSCRIPTIONS $ 1,325 $ 1,325 $ 1,425 $: 1,425.{ $ 100 8% 360 BOOKS&PUBLICATIONS $ 200 $ 200 $ 200 .'$ " " 200'1 $ - 0% 365 MARKETING PRINTING COSTS $ 6,000 $ 6,000 $ 6,000 I$ 6,000 ! $ - 0% Total $ 141,432 $141,432 $141,173 I$ '` 167,620' $ 26,188 19% 1 DETAIL " 100 I PERSONNEL SERVICES $ 88,737 $ 88,737 $ 89,128. $ 61,035 , Salaries Marketing&Business Development Specialist $ 58,407 $ 58,407 $ 61,035 $ 61,035 Taxes&Benefits $ 30,330 $ 30,330 $ 28,093 $ - ADVERTISING-COMMUNITY/WOMAN'S 216 CLUB/MARINA $ 6,000 $ 6,000 $ 5,000 $, 58;540.: Community Advertising $ 6,000 $ 6,000 $ 5,000 $ 6,000 Women's Club $ - $ - $ - $ 10,000 Marina $ - $ - $ - $ 42,540 218 MARKETING&WOMAN'S CLUB COLLATERAL ''$ 5,000 $ , 5,000 $ 5,000 $ 5,000 225 CONFERENCES,MEETINGS,WORKSHOPS $ 5,900 $ 5,900 $ 5,900 =$ 5,900 Regional- ocal Meetings&Seminars $ 800 $ 800 $ 800 $ 800 Mileage $ 800 $ 800 $ 800 $ 800. State Marketing-related Conferences $ 1,000 $ 1,000 $ 1,000 $ 1,000 Visit Florida Governor's Conference(with City) $ 1,500 $ 1,500 $ 1,500 $ 1,500 Florida Redevelopment Association(FRA) $ 1,800 $ 1,800 $ 1,800 $ 1,800 226 MEMBERSHIP DUES $ 5,250 $ 5,250 $ 5,800 $ 5,800 Visit Florida $ 475 $ 475 $ 475 $ 475 Palm BeachCounty Convention&Visitors $ 2,500 $ 2,500 $ 3,000 $ 3,000 Bureau(represents 50%of cost to be shared with City) International Downtown Association(IDA) $ 1,725 $ 1,725 $ 1,725 $ 1,725 Gold Coast Public Relations Council $ 50 $ 50 $ 100 $ 100 International Festivals&Events Association $ 500 $ 500 $ 500 $ 500 227 POSTAGE ,$ 4,000 $ 4,000 $ .3,000'. $ 4,000 229 CAREER DEVELOPMENT '$ 1,800 $ 1,800 $ 2,500.,$ 2,500 Florida Festivals&Events Training $ 1,800 $ 1,800 $ 2,500 $ 2,500 236 PHOTOGRAPHY,VIDEOS,PROMOTIONAL $ 15,000 $ 15,000 $ 15,000 $ 15,000 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 340 CELLULAR PHONES 1$ 720 $ 720 $ 720 $ 720 355 SUBSCRIPTIONS . '$ 1,325 $ 1,325 $ 1,425 $ 1,425 Palm Beach Post $ 425 $ 425 $ 475 $ 475 Sun-Sentinel $ 475 $ 475 $ 475 $ 475 Wall Street Journal $ 425 $ 425 $ 475 $ 475 360 BOOKS&(PUBLICATIONS $ 200. $ 200 $ 200 $ 200 365 MARKETING PRINTING COSTS $ 6,000 $ 6,000 $ 6,000 $ 6,000 Notes: Decrease in Persgnnel Services due to all employee taxes and benefits consolidated in 01-59000 Taxes&Employee Benefits department. Increase in advertising due to(1)acquisition of Women's Club in FY16-17,and(2)Marina advertising and collateral costs moved from Project Fund to General Fund since all phases of Marina construction completed in FY 16-17. 5 , , BOYNTON BEACH CRA : T : . : FY 2017-2018 ' MARINA MARKETING BUDGET - GENERAL FUND 01-57400 A Project Seahorse Marina collaborative with City, Palm Beach County $ 5,000 B Promotional Collateral Design &Develop a custom brochure, promotional rack cards for the $ 4,000 I Marina C Coastal Angler 6 1/4 page ads in Coastal Angler Magazine 10,000 circulation $1,440 $ 2,070 creative$630 One custom email for$2,400—promoting the CRA district and the Marina Marketing amenities available(Marina, dining, eco-adventure) D Discover the Palm Native advertising: $1,760(approximately 90,000 impressions, can run in $ 5,000 Beaches certain time periods to promote the Marina)$840.00 ad placement E Waterway Guide Website presence on Waterway Guide.com 1/2 page ad in the annual $ 4,760 hard copy and magazine creative$185 F Western community Create and produce 5 full page ads in the Neighborhood News to reach out $ 5,325 Marina Campaign to the Western Community creative 5 ads$825 G Hotel Touch Screen & Marina information in all the local Hotels.at the Touch screens in the lobby $ 2,800 Maps and map circulation 100,000 printed and distributed Visit Florida Rack cards design and development of rack cards to promote H Promotional Collateral the Boynton Harbor Marina at the Florida Turnpike Welcome Centers $ 4,000 working with Visit Florida and Discover the Palm Beaches annual fee is $301.61 Printing for 5 locations on 195 from Stateline down to Miami Design 1/4 page ad in Marina Life magazine quarterly and placement on Marina Life the website with a featured listing social media presence contract is for $ 3,400 $2,400 creative 4 ad $1,000 Discover the Palm I Full page ad in the Discover the Palm Beaches Visitors guide book Beaches visitors boiok located in all the Palm Beach county hotel rooms to promote the Marina $ 3,200 creative$200 K Delray News 3 Full page ad placement to promote the Marina$795 creative 3 ads$600 $ 2,985 Total Marina.Marketing ` $42,.540` 6 General Fund ;, • SPECIAL EVENTS -01-57500 FY 2016-2017 FY 2017-2018 I Original Amended Year End Change Incrl(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 100 PERSONNEL SERVICES $ 72,826 $ 72,826 $ 72,826 1. $ 55,000 $ (17,826) -24% 225 CONFERENCES,MEETINGS $ 6,100 $ 6,100 $ 6,100 ; $ 6,100 ' $ - 0% 226 MEMBERSHIP DUES $ 500 $ 500 $ 500 E°$ 500 $ - 0% 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ 2,500 I$ 2,500 ° $ - 0% 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 1 $ 1,500 $ - 0% 340 CELLULAR PHI ONES $ 720 $ 720 $ 720 $ 720 $ - 0% 355 SUBSCRIPTIONS $ 250 $ 250 $ 250 ` $ 250 $ - 0% 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 200 f $ 300 $ - 0% 365 OFFICE PRINTING COSTS $ 20,000 $ 20,000 $ 20,000 ; $ 20,000 $ - 0% Total $ 104,696 $104,696 $104,596 [$ 86,870 $ (17,826) -17% DETAIL 100 PERSONNEL SERVICES $ 72,826 $ 72,826 $ 72,826 $ 55,000 Salaries Special Events Coordinator $ 46,350 $ 46,350 $ 50,000 $ 55,000 Taxes&Benefits $ 26,476 $ 26,476 $ 22,826 $ - 225 CONFERENCES,MEETINGS,WORKSHOPS $ 6,100 $ 6,100 $ 6,100 $ 6,100 Regional-Local Meetings&Seminars $ 1,500 $ 1,500 $ 1,500 $ 1,500 Mileage $ 1,000 $ 1,000 $ 1,000 $ 1,000 State Event-related Travel $ 1,800 $ 1,800 $ 1,800 $ 1,800 $ 1,800 $ 1,800 $ 1,800 $ 1,800 Florida Redevelopment Association(FRA) 226 MEMBERSHIP DUES $ 500 $ 500 $ 500 $ 500 Florida Festival&Events $ 500 $ 500 $ 500 $ 500 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ 2,500 $ 2,500 Events Training $ 2,500 $ 2,500 $ 2,500 $ 2,500 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 340 CELLULAR PHONES $ 720 $ 720 $ 720 $ 720. 355 SUBSCRIPTIONS $ 250 $ 250 $ 250 $ 250 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 200 $ 300 400 EQUIPMENT&EVENT SUPPORT $ 20,000 $ 20,000 $ 20,000 $ 20,000 Notes: Decrease due to all employee taxes and benefits consolidated in 01-59000 Taxes & Employee Benefits department 7 General Fund L _ INSURANCES-.01-51410 FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount % 213 PROPERTY&LIABILITY COVERAGE $135,750 $135,750 $120,750 $ 172,500 ` $ 36,750 27% OTHER INSURANCES $ 43,500 $ 43,500 $ 43,500 $ $ (43,500) -100% Total $179,250 $179,250 $164,250 $ 172,500 $ (6,750) -4% • • DETAIL 213 PROPERTY&LIABILITY COVERAGE $135,750 $135,750 $120,750 $ 172,500 Property,General Liabiity,Crime, Inland Maiina,Public Official& $ 97,750 $ 97,750 $ 97,750 $ 120,000 Management Liability,Auto,Excess Liability Storage Tank Pollution Policy(2 yrs.) $ - $ - $ - $ 7,500 Citizens Windstorm Policy $ 18,000 $ 18,000 $ 18,000 $ 25,000 Construction Policies $ 10,000 $ 10,000 $ - $ Policy Contingencies - $ 10,000 $ 10,000 $ 5,000 $ 20,000 OTHER $ 43,500 $ 43,500 $ 43,500 $ - 59000-153 Retirement Plan Fees $ 1,000 $ 1,000 $ 1,000 $ - 59000-154 Workers Comp Insurance $ 2,500 $ 2,500 $ 2,500 $ - 59000-159 Reemployment Payments $ 5,000 $ 5,000 $ 5,000 $ - 59000-161 Leave Payouts $ 35,000 $ 35,000 $ 35,000 $ - Notes: Increases aue to carrier estimates, Inclusion or vvoman s LAUD coverage ana winostorm coverage increases, offset by consolidation of Workers Comp Insurance, Reemployment Payments, Leave Payouts, Retirement Plan Fees in Taxes&Employee Benefits department 01- sAnnn 8 General Fund • PROFESSIONAL'SERVICES - 01-51420 FY 2016-2017 FY 2017-2018 1 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount 1 % 200 CONTRACTURALISERVICES $137,000 $137,000 $122,000 1 $ 152,000 $15,000 11% 201 LEGAL SERVICES $100,000 $100,000 $ 90,000 $ 100,000 $ - 0% 204 OTHER PROFESSIONAL FEES $ 15,000 $ 15,000 $ 15,000 $ 22,000 $ 7,000 47% Total $252,000 $252,000 $227,000 ; $ __274,000 $22,000 9% DETAIL 200 CONTRACTUAL SERVICES $137,000 $137,000 $122,000 $ 152,000 Audit Services 1 $ 18,500 $ 18,500 $ 18,500 $ 18,500 Marina Audit&Tax Compliance $ 15,000 $ 15,000 $ 5,000 $ 15,000 Bond Indenture Ciompliance&Bond $ 10,000 $ 10,000 $ 5,000 $ 10,000 Continuing Disclosure Dissemination Financial Services $ 30,000 $ 30,000 $ 35,000 $ 35,000 Website Hosting&Related Services $ 15,000 $ 15,000 $ 15,000 $ 15,000 Website Redesign&Maintenance $ 15,000 $ 15,000 $ 15,000 $ 25,000 Personnel Services $ 30,000 $ 30,000 $ 25,000 $ 30,000 Economic Develobment Financial Assessment $ 3,500 $ 3,500 $ 3,500 $ 3,500 201 LEGAL SERVICES $100,000 $100,000 $ 90,000 $ 100,000 204 OTHER PROFESSIONAL FEES $ 15,000 $ 15,000 $ 15,000 $ 22,000 Fire Inspections I $ 500 $ 500 $ 500 $ 500 City HR/Payroll/Benefits ILA $ 14,500 $ 14,500 $ 14,500 $ 14,500 Medical Clinic-CRA Cost Allocation $ - $ - $ - $ 7,000 Notes: Increases due to CRA website redesign and cost allocation for Medical Clinic. 9 General Fund BUILDINGS l& GROUNDS - 01-51620 FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount % 200 CONTRACTURAL SERVICES $ 3,045 $ 3,045 $ 3,045 $ 3,045 $ - 0% 201 PROPERTY TAXES &ASSOC. DUES $ 75,000 $ 75,000 $ 50,000 $ 75,000 = $ - 0% 205 OFFICE RENTAL $ 97,500 $ 97,500 $ 97,500 ; $ 100,725 $ 3,225 3% 208 EQUIPMENT liEASES $ 20,000 $ 20,000 $ 19,500 1 $ 20,000 $ - 0% 209 PROPERTY MAINTENANCE COSTS $265,000 $265,000 $240,000 , $ 355,000 ` $ 90,000 34% 224 SIGNAGE $ 15,000 $ 15,000 $ 15,000 1 $ 15,000 $ - 0% 325 ELECTRIC COSTS $ 15,000 $ 15,000 $ 12,000 1"$ 12,000 $ (3,000) -20% 326 WATER COSTS $ 15,000 $ 15,000 $ 12,000 $ 12,000 $ (3,000) -20% Total $505,545 $505,545 $449,045 E $ 592,770 $ 87,225 17% • DETAIL. CONTRACTUAL SERVICES- 200 Alarms/Pest Control $ 3,045 $ 3,045 $ 3,045 $ 3,045 PROPERTY TAXES &ASSOCIATION 201 DUES $ 75,000 $ 75,000 $ 50,000 $ 75,000 205 OFFICE RENTAL $ 97,500 $ 97,500 $ 97,500 $ 100,725 710 N. Federali Highway $ 91,000 $ 91,000 $ 91,000 $ 94,000 Storage Facili ies $ 6,500 $ 6,500 $ 6,500 $ 6,725 208 EQUIPMENT LEASES $ 20,000 $ 20,000 $ 19,500 $ 20,000 Postage Meter $ 500 $ 500 $ 500 $ 500 Copiers $ 9,500 $ 9,500 $ 9,500 $ 9,500 Vehicle Lease/Maintenance/Fuel $ 10,000 $ 10,000 $ 10,000 $ 10,000 209 PROPERTY MAINTENANCE COSTS $265,000 $265,000 $240,000 $ 355,000 General Repairs $ 25,000 $ 25,000 $ 25,000 $ 25,000 Janitorial Services $ 15,000 $ 15,000 $ 15,000 $ 15,000 Property Maintenance $200,000 $200,000 $200,000 $ 200,000 Woman's Club $ - $ - $ - $ 90,000 Hurricane/Property Contingency $ 25,000 $ 25,000 $ - $ 25,000 224 SIGNAGE $ 15,000 $ 15,000 $ 15,000 $ 15,000 325 ELECTRICITY COSTS $ 15,000 $ 15,000 $ 12,000 $ 12,000 326 WATER COSTS $ 15,000 $ 15,000 $ 12,000 $ 12,000 Notes: Increase in CRA office rental per lease escalations. Increase in Property Maintenance due to acquisiton of Woman's Club, maintenance estimated based on schedule provided by seller. 10 General Fund MARINA- 01-5163O FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I 200 CONTRACTURAL SERVICES $ 500 $ 500 $ 500 I $ 500 $ - 0% 209 PROPERTY MAINTENANCE COSTS $ 30,000 $ 30,000 $ 25,000 4 $ 25,000 $(5,000) -17% 241 MARINA MANAGEMENT CONTRACT $ 176,435 $ 176,435 $ 176,435 ; $ 181,435; $ 5,000 3% 242 FUEL STATION OVERHEAD $ 29,500 $ 29,500 $ 29,500 $ 29,500 $ - 0% 310 OFFICE SUPPLIES $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ - 0% 325 ELECTRIC COSTS $ 8,100 $ 8,100 $ 8,100 , $ 8,100 $ - 0% 326 WATER COSTS $ 5,400 $ 5,400 $ 10,000 $ 15,000 $ 9,600 178% 327 GASOLINE&DIESEL CHARGES $ 737,065 $ 737,065 $ 727,465 $ 727,465 ; $(9,600) -1% 328 DIESEL SALES TAX $ 12,000 $ 12,000 $ 12,000 f $ "12,000`.= $ - 0% Total $1,000,000 $1,000,000 $ 990,000 [$ 1,000,000 $ - 0% DETAIL CONTRACTUAL SERVICES-Sea 200 Spill Contract - $ 500 $ 500 $ 500 $ 500 209 PROPERTY MAINTENANCE COSTS $ 30,000 $ 30,000 $ 25,000 $ 25,000 241 MARINA MANAGEMENT CONTRACT $ 176,435 $ 176,435 $ 176,435 $ 181,435 OPERATIONS-Merchant 242 Fees/Phone&Data Line $ 29,500 $ 29,500 $ 29,500 . $ 29,500 310 OFFICE SUPPLIES $ 1,000 $ 1,000 $ 1,000 $ 1,000 325 ELECTRICITY COSTS $ 8,100 $ 8,100 $ 8,100 $ 8,100 326 WATER COSTS $ 5,400 $ 5,400 $ 10,000 $ 15,000 327 GASOLINE&DIESEL CHARGES $ 737,065 $ 737,065 $ 727,465 $ 727,465 328 DIESEL SALES TAX $ 12,000 $ 12,000 $ 12,000 $ 12,000 Notes: Contractual increase in marina management contract and increase in water due to completion of Marina Open Space project based on useage experience. 11 General Fund INFORMATION TECHNOLOGY- 01-51650 FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount % 200 CONTRACTURAL SERVICES $ 3,000 $ 3,000 $ 3,000 $ 3,000 ' $ - 0% 210 CITY IT SUPPORT $ 27,000 $ 27,000 $24,000 $ 27,000 $ - 0% 211 COMPUTER SOFTWARE&LICENSES $ 3,500 $ 3,500 $ 4,000 r $ 4,550 $ 1,050 30% 212 FINANCIAL&MARINA SOFTWARE MTN. $ 14,000 $ 14,000 $12,000 I $ 29,000 $ 15,000 107% 330 TELEPHONE SYSTEM &DATA LINES $ 8,000 $ 8,000 $ 8,000 I $ 8,000 $ - 0% 400 EQUIPMENT COSTS $ 9,000 $ 9,000 $ 9,000 ' $ 9,000 $ - 0% Total $ 64,500 $ 64,500 $60,000 $ 80,550 $ 16,050 25% DETAIL 200 CONTRACTUAL SERVICES $ 3,000 $ 3,000 $ 3,000 $ 3,000 Financial Accounting Software Updates $ 1,000 $ 1,000 $ 1,000 $ 1,000 Maintenance of Phone System $ 2,000 $ 2,000 $ 2,000 $ 2,000 210 IT SUPPORT $ 27,000 $ 27,000 $24,000 $ 27,000 211 COMPUTER LICENSES&BACK UP $ 3,500 $ 3,500 $ 4,000 $ 4,550 212 SOFTWARE MAINTENANCE $ 14,000 $ 14,000 $12,000 $ 29,000 Incode Financial Software $ 10,000 $ 10,000 $ 9,000 $ 10,000 Marina Point of Sale Software(Scribble) $ 4,000 $ 4,000 $ 3,000 $ 4,000 LaserFische Software $ - $ - $ - $ 10,000 Novus Agenda,Software $ - $ - $ - $ 5,000 330 TELEPHONE SYSTEM&DATA LINES $ 8,000 $ 8,000 $ 8,000 $ 8,000 400 EQUIPMENT COSTS $ 9,000 $ 9,000 $ 9,000 $ 9,000 Notes: Increase due to ILA with City for IT support and addition of software for Novus Agenda and LaserFische. 211 COMPUTER SOFTWARE&LICENSES Carbonite $ 750 Adobe Cloud , $ 1,800 Social Media&General Administration $ 2,000 $ 4,550 • • 12 General Fund CONTINGENCY-01-51990 FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Deer) SUMMARY • Budget Budget Estimate Budget Amount % 200 GENERAL FUND CONTINGENCIES $100,000 $100,000 $ - [$ _100,000 ; $ - 0% Notes: Budgeted at approximately 1% of tax increment revenue. • 13 General Fund ;- v TAXES &.EMPLOYEE BENEFITS FY 2016-2017 FY 2017-2018 01-59000 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 151 FICA-SOCIAL SECURITY $ 42,104 $ 42,104 $ 42,104 ' $ 46,558.1 $ 4,454 11% 152 FICA-MEDICARE $ 9,847 $ 9,847 $ 9,847 $ 10,889 i $ 1,042 11% 153 RETIREMENT PLANS 457(B)&401(A) $ 133,479 $133,479 $133,479 , $ ' 142,907 I $ 9,428 7% 154 WORKERS COMP INSURANCE $ 2,500 $ 2,500 $ 2,100 1 $ 2,500 $ - 0% 155 HEALTH INSURANCE $ 99,000 $ 99,000 $ 99,000 ! $ 99,000' $ - 0% 156 DENTAL INSURANCE $ 4,050 $ 4,050 $ 4,050 j $ 4,050 $ - 0% 157 LIFE INSURANCE $ 1,350 $ 1,350 $ 1,350 I, $ 1,350'; $ - 0% 158 LONG TERM DISABILITY $ 3,144 $ 3,144 $ 3,144 I $ 3,144 $ 0 0% 159 REEMPLOYMENT CHARGES $ 5,000 $ 5,000 $ - $ 5,000 i $ - 0% 160 VISION INSURANCE $ 540 $ 540 $ 540 1.$ 540 $ - 0% 161 COMPENSATED ABSENCES $ 35,000 $ 35,000 $ 15,000 1 $ 35,000 , $ - 0% AVAILABLE FOR SALARY INCREASES $ - $ - $ - I $ 17,000 1 $ 17,000 N/A Total $ 336,014 $336,014 $310,614 ;$ 367,938 1 $ 31,924 10% Notes: Increase due to salary adjustments for Executive Director and Assistant Director positions and potential salary increases. 14 Boynton Beach CRA , , : Project Fund"- Budget Summary FY 2016-2017 2017-2018 j; 2017-2018 vs.Prior Year Original Amended Year End Increase/(Decrease) (FUNDING SOURCES Budget Budget Estimate Budget Amount I % 1.Rollover FY 2015-2016 $ 1,592,467 $1,592,467 $1,592,467 [ $- _ $(1,592,467) -100% 2.Rollover FY 2016-2017(see Budget Overview) $ - $ - $ - $ 2,805,395 $ 2,805,395 N/A 3.Transfers in from General Fund Other Financing Sources/Transfers In $ 6,612,701 $7,284,610 $7,284,610 $ 6,701,225.j $ (583,385) -8% 4.Other Revenue/Financing Sources: 1. Revenue from Sale of 480 E.Ocean Avenue $ 315,986 $ 315,986 $ 315,986 $ $ (315,986) -100% 2.Committed Fund Balance Allocation $ 500,000 $ 500,000 $ 500,000 $ 500,000 6 $ - 0% 3. Revenue from Sale of 211 E.Ocean-Budget Amendment#1 R17-01 CRA Board Approved 6/13/17 $ - $ 240,105 $ 240,105 $ $ (240,105) -100% Sub-Total $ 815,986 $1,056,091 $1,056,091 I $ 500,000 $ (556,091) -53% Total Funding Sources/Revenues&Transfers In $ 9,021,154 $9,933,168 $9,933,168 $10,006,620:' $ 73,452 1% FY 2016-2017 2017-2018` 2017-2018 vs.Prior Year Original Amended Year End Increase/(Decrease) (EXPENSES Budget Budget Estimate Budget Amount Professional&Other Expenses Contingency $ 119,000 $ 119,000 $ 119,000 $ 100,000:; $ (19,000) -16% Professional Services $ 1,100,410 $1,100,410 $ 830,410 `$ 325,000 $ (775,410) -70% Rent Expense $ 13,200 $ 13,200 $ 13,200 F $ 14,400 $ 1,200 9% Legal Services $ 150,000 $ 150,000 $ 150,000 L$> 125,000;,1 $ (25,000) -17% Sub-Total $ 1,382,610 $1,382,610 $1,112,610 $, 564,400 $ (818,210) -59% - �1 Capital Outlay , Property Purchases $ 1,136,607 $1,136,607 $ 370,172E $ .766,435 $ (370,172) -33% Construction in Progress $ 1,098,897 $ 275,000 $ 267,667 $ 200,000 } $ (75,000) -27% Site Work&Demolition Fees $ 550,000 $ 100,000 $ 26,043 '$:.` 73,957 i $ (26,043) -26% Infrastructure&Streetscape $ 1,797,450 $3,771,271 $2,248,601 E"$ 5,406,670 $ 1,635,399 43% Sub-Total $ 4,582,954 $5,282,878 $2,912,483 $".6,447,062'i $ 1,164,184 22% Economic Development&Housing Rehab Program Economic Development Grant Programs $ 572,000 $ 784,090 $ 784,090 $ ° 51.9,158 1, $ (264,932) -34% Marketing Program $ 228,590 $ 228,590 $ 228,590 .$ - 121,000rf $ (107,590) -47% DIFA-Economic Development $ 1,300,000 $1,300,000 $1,300,000 .$ 1,230,000'''4 $ (70,000) -5% Housing Rehab Program $ - $ - $ - $ 50,000 $ 50,000 N/A Sub-Total $ 2,100,590 $2,312,680 $2,312,680 "$ 1,920,158"l $ (392,522) -17% Projects&Programs Clean&Safe Program(Clean,Police,Code) $ 447,000 $ 447,000 $ 447,000 $ `"372,000 $ (75,000) -17% Community Support Projects $ 95,000 $ 95,000 $ 95,000 $ 125,000 $ 30,000 32% Special Events $ 413,000 $ 413,000 $ 408,000 $. 578,000' $ 165,000 40% Sub-Total $ 955,000 $ 955,000 $ 950,000 $ 1,075,000;; $ 120,000 13% Total Project Fund Expenses $ 9,021,154 $9,933,168 $7,287,773 $10,006,620 $ 73,452 1% 1 Project Fund PROFESSIONAL &OTHER EXPENSES -02-58100 FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I 202 CONTINGENCY $ 119,000 $ 119,000 $ 119,000 $ 100,000 $ (19,000) -16% 203 PROFESSIONAL SERVICES $1,100,410 $1,100,410 $ 830,410 $ 325,000 $ (775,410) -70% 207 RENT EXPENSE $ 13,200 $ 13,200 $ 13,200 $ 14,400 $ 1,200 9% 213 LEGAL SERVICES $ 150,000 $ 150,000 $ 150,000 $ 125,000 $ (25,000) -17% Total $1,382,610 $1,382,610 $1,112,610 $ 564,400 $ (818,210) -59% Funding Source DETAIL Rollover FY17-18 202 CONTINGENCY $ 119,000 $ 119,000 $ 119,000 $ 100,000 $ - $100,000 203 PROFESSIONAL SERVICES $1,100,410 $1,100,410 $ 830,410 $ 325,000 Surveys&Appraisals(a) $ 100,000 $ 100,000 $ 40,000 $ 100,000 (a) $100,000 Architectural Design Assistance(a) $ 150,000 $ 150,000 $ 110,000 $ 150,000 (a) $150,000 City Code Review/Revisions for CRA Consolidated Plan(a) $ 175,000 $ 175,000 $ 75,000 $ - (a) $ - Cottage District(a) $ 75,000 $ 75,000 $ 5,000 $ 75,000 (a) $ 75,000 Boynton Beach Blvd.-Design $ 600,410 $ 600,410 $ 600,410 $ - $ - $ - 207 RENT EXPENSE-Police Base on MLK $ 13,200 $ 13,200 $ 13,200 $ 14,400 $ - $ 14,400 213 LEGAL SERVICES $ 150,000 $ 150,000 $ 150,000 $ 125,000 $ - $125,000 $ - $564,400 Notes: Decrease due to BBB Design completion. (a) Rollover Reallocation from FY 2016-2017 as follows: From Professional Services To Amount Surveys&Appraisals Economic Development Grants $ 60,000 Architectural Design Assistance Economic Development Grants $ 40,000 City Code Review Economic Development Grants $ 100,000 Cottage District Design Cottage District Program CIP $ 70,000 $ 270,000 2 Project Fund • CAPITAL OUTLAY-02-58200. . FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 401 PROPERTY PURCHASES $ 1,136,607 $ 1,136,607 $ 370,172 $ 766,435 $ (370,172) -33% 404 CONSTRUCTION IN PROGRESS $ 1,098,897 $ 275,000 $ 267,667 $ 200,000 $ (75,000) -27% 405 SITE WORK&DEMOLITION FEES $ 550,000 $ 100,000 $ 26,043 $ 73,957 $ (26,043) -26% 406 INFRASTRUCTURE&STREETSCAPE $ 1,797,450 $ 3,771,271 $2,248,601 $ 5,406,670 $ 1,635,399 43% Total $ 4,582,954 $ 5,282,878 $2,912,483 $ 6,447,062 $ 1,164,184 22% .. f: Funding Source DETAIL Rollover FY17-18 401 PROPERTY PURCHASES $ 1,136,607 $ 1,136,607 $ 370,172 $ 766,435 $ 766,435 $ - 404 CONSTRUCTION IN PROGRESS $ 1,098,897 $ 275,000. $ 267,667 $ 200,000 Woman's Club-Capital Improvements &Renovations $ - $ - $ - $ 200,000 $ - $ 200,000 Marina-Open Space Construction& Southern Drive Lane Repair and Resurface $ 200,000 $ 75,000 (b) $ 67,667 $ - (c) $ - 211 E.Ocean Renovation Grant $ 200,000 $ 200,000 $ 200,000 $ - $ - $ - Dog Park-Downtown- Purchase/Design/Construction $ 698,897 (a)(b) (a)(b) $ - $ - $ - 405 SITE WORK&DEMOLITION $ 550,000 $ 100,000 $ 26,043 $ 73,957 Site Work&Demolition $ 100,000 $ 100,000 $ 26,043 $ 73,957 $ 73,957 $ - Stabilization of Old High School- $ 450,000 (b) (b) $ - $ - $ - Roof/Windows-EPA Grant Match 406 INFRASTRUCTURE&STREETSCAPE $ 1,797,450 $ 3,771,271 $2,248,601 $ 5,406,670 Town Square Project $ 185,450 $ 2,159,271 $2,159,271 $ 2,500,000 $ - $ 2,500,000 MLK Corridor Redevelopment,CRA Property $ 1,162,000 $ 1,162,000 (d) $ 1,200,000 $ 600,000 $ 600,000 Ocean Breeze East $ - $ - $ - $ 551,000 $ 551,000 $ - E.Boynton Beach Blvd.Improvements $ - $ - $ - $ 125,000 $ - $ 125,000 Cottage District Project $ - $ - $ - $ 70,000 $ 70,000 $ - Sara Sims Park $ - $ - $ - $ 600,000 $ 600,000 Model Block $ 450,000 $ 450,000 $ 89,330 $ 360,670 $ 360,670 $ - $ 2,422,062 $ 4,025,000 Notes: Increases due primarily Town Square Project and Ocean Breeze East. (a) FY16-17-CRA Board 4/11/17 original budget line item decreased by$212,000 for Economic Development Grants. (b) FY 16-17-Budget Amendment#1 R17-01 CRA Board Approved 6/13/2017 Reallocated to:Town Square Old High School $ 450,000 Dog Park $ 486,807 Marina Open Space $ 125,000 Sale of 211 E.Ocean Avenue $ 240,105 Fund Balance Allocation $ 671,909 Total $ 1,973,821 (c) FY 16-17 Rollover of$7,333 reallocated to Economic Development Programs Original Per the Board 7/11/17 (d) MLK Corridor Redevelopment Rollover $ 1,162,000 Reallocated as follows: MLK Corridor Redevelopment-Remaining Rollover $ 600,000 To Ocean Breeze East $ 551,000 To Economic Development Grants $ 11,000 $ 1,162,000 $ 1,162,000 3 Project Fund • ECONOMIC DEVELOPMENT 02-58400& i . HOUSING REHAB PROGRAM 02-58300 FY 2016-2017 FY2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount 1 I % 58400-444 ECONOMIC DEVELOPMENT GRANTS $ 572,000 $ 784,090 $ 784,090 $ 519,158 $ (264,932) -34% 58400-445 MARKETING PROGRAM $ 228,590 $ 228,590 $ 228,590 $ 121,000 $ (107,590) -47% 58400-443 TAX INCREMENT REVENUE FUNDING AGREEMENTS(TIRFA) $1,300,000 $1,300,000 $ 1,300,000 $ 1,230,000 $ (70,000) -5% 58300-420 HOUSING REHAB PROGRAM $ - $ - $ - $ 50,000 $ 50,000 N/A Total $2,100,590 $2,312,680 $ 2,312,680 $ 1,920,158 $ (392,522) -17% Funding Source DETAIL I Rollover FY17-18 ECONOMIC DEVELOPMENT PROGRAMS 58400-444 (Commercial Facade,Construction,Interior $ 572,000 $ 784,090 $ 784,090 $, 519,158 $ 383,333 (a) $ 135,825 Build-Out,Rent Reimbursement)(a) 58400-445 MARKETING PROGRAM $ 228,590 $ 228,590 $ 228,590 $ 121,000 $ - $ 121,000 TAX INCREMENT REVENUE FUNDING 58400-443 AGREEMENTS(TIRFA) $1,300,000 $1,300,000 $ 1,300,000 $ 1,230,000 Cornerstone-The Preserve(Year 3 of 10) $ 100,000 $ 100,000 $ 100,000 $ 105,000 $ - $ 105,000 Seabourne Cove-Phase 1(Year 5 of 10) $ 415,000 $ 415,000 $ 415,000 $ 390,000 $ - $ 390,000 Seabourne Cove-Phase 2(Year 4 of 10) $ 180,000 $ 180,000 $ 180,000 $ 165,000 $ - $ 165,000 Casa Costa(Year 8 of 10) $ 545,000 $ 545,000 $ 545,000 $ 550,000 $ - $ 550,000 Wal-Mart(Year 6 of 10) $ 60,000 $ 60,000 $ 60,000 $ 20,000 $ - $ 20,000 58300-420 HOUSING REHAB PROGRAM $ - $ - $ - $ 50,000 $ - $ 50,000 $ 383,333 $1,536,825 Notes:Decreases due primarily to economic development grant contractual obligations completed in FY 16-17 and marketing for Marina moved to General Fund. Per the Board Total Original 7/11/17 Rollover (a) Economic Development Grants Rollover $ 1 65,0 00 $ 165,000 Rollover Components as follows: From Professional Services Rollover FY16-17 200,000 $ 200,000 From MLK Development Rollover FY 16-17 11,000 $ 11,000 From Marina Open Space FY 16-17 $ 7,333 $ 7,333 $ 165,000 $ 218,333 $ 383,333 4 BOYNTON BEACH.CRA FY 2017-2018 MARKETING - PROJECT FUND 02-58400-445 BUSINESS DEVELOPMENT A Economic Design&develop a custom brochure for economic development $ 1,350 Development grants B Delray Newspaper Bi-Monthly Full Page Ad Placement to promote the businesses and $ 1,990. the Marina at $795 an ad plus creative$1,000 Creative PR Working with an Agency to create a PR Placement to further C Placement for the the Marina to a target audience 9,250 Marina Business Development campaign lottery 2 starter website programs. Many of the small businesses in our district do not have websites or Website lottery websites with updated web pages. This campaign is based on a D lottery system budgeting for 2 businesses to receive a free website $ 5,000 campaign to help promote their business online and through social media. E Boynton Forum Double page spread monthly ad placement of local business, $ 21,800 marina and events$1,333 plus creative for 12 ads$4,800 Promotional Base Postcard campaign "Meet Your Neighbors" for service businesses F Messaging Postcard that will be dropped off at the HOA's and will be available at all $ 1,000 district businesses print 10,000 postcards at$650 plus Design$225 G Concierge Event Design develop an evening Concierge VIP tour $ 10,000 Sub-Total BusinessDevelopment $ 50,390 CRA BUSINESS PROJECTS &COMPLIANCE H Annual Report $3,420 design 20 page report $3,583 print 4,000 copies $408 $ 7,689 insertion Sun Sentinel 3,500 homes Promotional Video Promo video for Pirate Fest for the website, Discover the Palm 10,000 Tourism Beaches and Visit FL Pirate Fest 30x84 banners$128.80 each 25 banners on BB Blvd. 18 on Federal Hwy. 30x60 banners$96.00 each 42 on Ocean Ave. Holiday 30x84 banners$128.80 each 33 in HOB,25 banners on BB J Downtown Banners Blvd. and 18 on Federal Highway.42-30x60 banners$96.00 each $ 28,296 on Ocean Ave. MLK banners 25-30x84$128.80 each on BB Blvd and 33 banners on HOB 18 on Federal Hwy. Plus replacement hardware at$85 each 1/2 page ad in the annual Business Development Board Profile K BDB ad in Profile creative$165 2,625 Chamber& Business Merchant, redevelopment marketing, business development & L Development Event& Broker events $ 10,000 Trade Shows Video Ad Campaign The campaign films 40 businesses a budget cycle, 5 are presented M for Movies in the Park at each Movies in the Park event followed by a drawing of gift $ 12,000 certificates from the featured businesses that encourage winners to intro try new businesses. Each video is$250 which includes 1 edit Sub-Total CRA Business Projects &Compliance $ 70,610 Total Marketing - Project Fund $ 121,000 5 Project Fund • PROJECTS&PROGRAMS-02-58500 FY 2016-2017 FY 2017-2018 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % CLEAN&SAFE PROGRAM $ 447,000 $ 447,000 $447,000 $ 372,000 $ (75,000) -17% 470 COMMUNITY SUPPORT PROJECTS $ 95,000 $ 95,000 $ 95,000 $ 125,000 $ 30,000 32% 480 SPECIAL EVENTS $ 413,000 $ 413,000 $408,000 $ 578,000 $ 165,000 40% Total $ 955,000 $ 955,000 $950,000 $ 1,075,000, $ 120,000 13% DETAIL Funding Source CLEAN&SAFE PROGRAM $ 447,000 $ 447,000 $447,000 $ 372,000 Rollover FY17-18 462 Community Clean Program $ 50,000 $ 50,000 $ 50,000 $ - $ - $ - 460 Neighborhood Police Program $ 263,000 $ 263,000 $263,000 $ 372,000 $ - $ 372,000 Neighborhood Sustainability-Code 461 Enforcement $ 134,000 $ 134,000 $134,000 $ - $ $ - 470 COMMUNITY SUPPORT PROJECTS $ 95,000 $ 95,000 $ 95,000 $ 125,000 Community,Planning and Economic Development Workshops&Meetings $ 25,000 $ 25,000 $ 25,000 $ - $ - $ - Business Incubator Support $ 70,000 $ 70,000 $ 70,000 $ (125,000 $ - $ 125,000 480 SPECIAL EVENTS(a) $ 413,000 $ 413,000 $408,000 $ 578,000 Haunted Pirate Fest&Mermaid Splash $ 175,000 $ 175,000 $175,000 $ 350,350 $ 350,350 Holiday Tree Lighting&Concert $ 65,000 $ 65,000 $ 65,000 $ 80,671 $ - $ 80,671 Holiday Parade(City Run-CRA reimburses City) $ 25,000 $ 25,000 $ 25,000 $ 12,000 $ - $ 12,000 Holiday Boat Parade $ 12,000 $ 12,000 $ 12,000 $ 12,000 $ - $ 12,000 Kinetic Arts Event(City also funding separately at$20,000) $ 20,000 $ 20,000 $ 20,000 $ - $ - $ - MLK Celebration of Unity $ 40,000 $ 40,000 $ 40,000 $ 35,501 $ - $ 35,501 St.Patrick's Day-Blarney Bash $ 18,000 $ 18,000 $ 18,000 $ 34,461 $ - $ 34,461 Movies in the Park $ 18,000 $ 18,000 $ 18,000 $ 25,111 $ - $ 25,111 Music on the Rocks $ 20,000 $ 20,000 $ 20,000 $ 24,906 $ - $ 24,906 Special Events Grant Program $ 20,000 $ 20,000 $ 15,000 $ - $ - $ - Public Safety Open House $ - $ - $ - $ 3,000 $ - $ 3,000 $ - $ 1,075,000 Notes: Increase in Special Events to inclusion of events marketing(formerly in Marketing budget)and increase in expenditures for Pirates Event. Decrease in Clean&Safe due to elimination of Neighborhood Sustainability Code Enforcement included in City's budget for FY17-18. Increase in Community Policing due to addition of one officer(from 2 to 3 officers). Community Planning and Economic Development Worshops/Meetings moved to General Fund. 6 BOYNTON BEACH CRA FY 2017-2018 SPECIAL EVENTS BUDGET EVENTS DATE 2017/2018 BUDGET THE BOYNTON BEACH HAUNTED Saturday&Sunday October 21 &22,2017 $ 309,948 PIRATE FEST&MERMAID SPLASH Marketing $ 40,402 Total Pirates $ 350,350 PUBLIC SAFETY OPEN HOUSE Saturday,November 4,2017 $3,000 • HOLIDAY EXTRAVAGANZA Friday, December 2,2017 $70,000 TREE LIGHTING&CONCERT Saturday, December 2, 2017-City Responsible for PARADE planning and implementation. CRA will reimburse $12,000 City for cost up to a maximum of$12,000 HOLIDAY BOAT PARADE Friday, December 8, 2017 $12,000 Marketing $10,671 Total Holiday $104,671 TBD $30,000 MLK Celebration of Unity Marketing $5,501 Total MLK Celebration of Unity $35,501 Saturday, March 17, 2018 $25,000 BLARNEY BASH Marketing $9,461 Total Blarney Bash $34,461 • Friday,October 6, 2017 • November 3,2017 • December 1,2017. January 5, 2018 • February 2, $18,000 2018 • March 2, 2018 •April 6,2018 • May 4,2018 MOVIES IN THE PARK •June 1,2018 Marketing $7,111 Total Movies In the Park $25,111 • Friday, November 17,2017 • December 15,2017 • January 19, 2018. February 16, 2018 •April 20, $20,000 MUSIC ON THE ROCKS 2018 • May 18,2018 • June 15,2018 Marketing $4,906 Total Music on the Rocks $24,906 Sub-Total Events $ 499,948 Sub-Total Events Marketing $ 78,052 TOTAL COST OF EVENTS $ 578,000 I 7 B.OYNTON BEACH CRA ` SUMMARY ASSESSED PROPERTY VALUES & TAX INCREMENT REVENUE CRA Assessed Tax Increment Property Values % Change Revenue % Change FY 1989-1990 $ 39,466,737 $ 183,535 FY 1990-1991(a) $ 74,997,745 90.0% $ 199,603 8.8% FY 1991-1992 $ 77,257,229 3.0% $ 204,449 2.4% FY 1992-1993 $ 73,396,553 -5.0% $ 158,859 -22.3% FY 1993-1994 $ 70,614,592 -3.8% $ 126,535 -20.3% FY 1994-1995 $ 71,929,663 1.9% $ 141,167 11.6% FY 1995-1996 $ 73,498,930 2.2% $ 158,398 12.2% FY 1996-1997 $ 74,712,938 1.7% $ 172,660 9.0% . FY 1997-1998 $ 75,719,530 1.3% $ 189,808 9.9% FY 1998-1999 $ 78,410,383 3.6% $ 219,894 15.9% FY 1999-2000 $ 81,928,346 4.5% $ 261,389 18.9% FY 2000-2001(a) $ 317,835,353 287.9% $ 305,840 17.0% FY 2001-2002 $ 372,405,731 17.2% $ 945,685 209.2% FY 2002-2003 $. 407,644,247 9.5% $ 1,330,409 40.7% FY 2003-2004 $ 511,268,089 25.4% $ 2,500,726 88.0% FY 2004-2005 $ 631,521,600 23.5% $ 3,871,616 54.8% 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(a) $ 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 $ 892,694,842 13.4% $ 7,022,119 25.1% FY 2014-2015 $• 1,000,248,846 12.0% $ 8,317,867 18.5% FY 2015-2016 $ 1,105,502,452 10.5% $ 9,585,902 15.2% FY 2016-2017 $ 1,187,947,268 7.5% $ 10,579,150 10.4% FY 2017-2018 $ 1,290,612,142 8.6% $ 11,461,518 8.3% 4_ (a) CRA expansion 1 BOYNTON BEACH CRA TAX INCREMENT REVENUE ("TIR") ESTIMATE -"FY 2017-2018 As of: June 29,2017 1. ASSESSED VALUATIONS • FY 2016-2017" FY 2017-2018 ASSESSED VALUES $ 1,187,947,268 $ 1,290,612,142 (a) Estimate As of:6/29/17 Chg.from Prior Year $ 102,664,874 8.6% 2. TAX INCREMENT REVENUE- ESTIMATED FOR NEW BUDGET YEAR • FY 2016-2017 ( ""FY2017-2018 Estimates Assessed Values $ 1,187,947,268 $ 1,290,612,142 Less Base Year Value $ 309,821,849 309,821,849 TIR Taxable Value $ 878,125,419 980,790,293 95%of Difference $ 834,219,148 $ 931,750,778 (Per Florida Statutes Chapter 163.387(1)(a) Assumptions Redevelopment Trust Fund) No Millage Change City&County Millade Rates City 7.9000 7.9000 County 4.7815 4.7815 %of Tax Increment Revenue Total TIR City $ 6,590,331 I $ 7,360,831 62% County $ 3,988,819 $ 4,455,166 38% Sub-Total $ 10,579,150 $ 11,815,997 3.0%for True-Up $ - $ 354,480 Net TIR $ 10,579,150 $ 11,461,518,. Budgeted .''"" Change from Prev.Year Amount $ 882,367 8.3% (a) The Property Appraiser will issue revisions to the CRA's taxable values at the end of June 2017, and in early October 2017,with a final certified tax value in mid-2018. The CRA's budgeted tax increment revenue will be based on the first, or May 26, 2017, "Estimates of Taxable Values"with a 3%deduction for the final Property Appraiser certified tax adjustments("true-up")in mid-2018. 2 CRA Board BOYNTON BEACH CRA ORGANIZATION CHART° .FY'2017 02018 • Executive Director I, • ° Administrative Services Manager • Assistant Director Administrative Assistant (unfunded) I Development Services j Marketing&Business Special Events Finance Director Manager °° Development Specialist Coordinator, li Development Services Marketing, Specialist Finance Specialist ° • Events&Business .;• (unfunded) Development Assistant 3 BOYNTON BEACH CRA POSITION CLASSIFICATIONS & SALARY RANGES FY 2017-2018 POSITION FLSA(b) MINIMUM MID-POINT MAXIMUM Executive Director E $ 110,000 $ 130,000 $ 160,000 2 Assistant Director a E $ 100,000 $ 120,000 $ 140,000 3 Finance Director E $ 85,000 $ 105,000 $ 125,000 4 Finance Specialist E $ 55,000 $ 75,000 $ 90,000 5 Development Services Manager t E $ 55,000 a $ 75,000 $ 95,000 6 Development Services Specialist E $ 45,000 $ 60,000 $ 75,000 Marketing & Business Development 7 Specialist E $ 45,000 $ 60,000 $ 75,000 8 Special Events Coordinator E $ 45,000 $ 60,000 $ 75,000 Marketing/Events/Business 9 Development Asst. N $ 40,000 $ 50,000 $ 60,000 10 Administrative Services Manager E $ 45,000 $ 60,000 $ 75,000 11 Administrative Assistant N $ 40,000 $ 50,000 $ 60,000 (b) FLSA= Fair Labor Standard Act; E=Exempt; N=Non-exempt 4 • Boynton Beach Community Redevelopment Agency FY 2017-2018 Budget - Personnel Personnel Position FY 2016-2017 FY 2017-2018 No. No. 1 Executive Director 1 1 2 Assistant Director 1 1 3 Finance Director 1 1 4 Finance Specialist 1 1 5 Development Services Manager 0 1 6 Development Service Specialist 1 0 7 Marketing & Business Development Specialist 1 1 8 Special Events Coordinator 1 1 9 Marketing/Events/Business Development Assistant 1 1 10 Administrative Assistant 1 0 11 Administrative Services Manager 0 1 Total Personnel 9 9 5 • BOYNTON BEACH CRA' , SALARY SCHEDULE AND RELATED PERSONNEL EXPENSES FISCAL YEAR 2017-2018'. FICA TAXES SALARY 6.2% 1.45% LONG TERM RETIREMENT NAME HIRE DATE POSITION FY 17-18 SOC.SEC.MEDICARE AUTO HEALTH DENTAL VISION LIFE DISABILITY BENEFITS TOTAL . Michael Simon 03/07/07 Executive Director $ 135,000 $ 8,370 $ 1,958 $ 3,000 $ 11,000 $ 450 $ 60 $ 150 $ 632 $ 27,000 $ 187,619 Thuy Shutt 07/24/17 Assistant Director $ 118,500 $ 7,347 $ 1,718 $ 2,220 $ 11,000 $ 450 $ 60 $ 150 $ 492 $ 23,700 $ 165,637 Vicki Hill 12/20/10 Finance Director $ 93,000 $ 5,766 $ 1,349 $ - $ 11,000 $ 450 $ 60 $ 150 $ _ 491 $ 18,600 $ 130,866 Jobara Jenkins 05/03/17 Finance Specialist $ 65,000 $ 4,030 $ 943 $ - $ 11,000 $ 450 $ 60 �$ 150 $ 366 $ 13,000 $ 94,998 Theresa Utterback 04/13/09 Development Services Manager $ 75,000 $ 4,650 $ 1,088 $ - $ 11,000 $ 450 $ 60 $ 150 $ 304 $ 15,000 $ 107,701 Marketing&Business Tracy Smith-Coffey 04/22/13 Development Specialist $ 61,035 $ 3,784 $ 885 $ - $ 11,000 $ 450 $ 60 $ 150 $ 284 $ 12,207 $ 89,855 Mercedes Coppin 07/05/16 Special Events Coordinator $ 55,000 $ 3,410 $ 798 $ - $ 11,000 $ 450 $ 60 $ 150 $ 225 $ 11,000 $ 82,093 Marketing/Events/Business Azim Hussain 03/20/17 Development Assistant $ 42,500 $ 2,635 $ 616 $ - $ 11,000 $ 450 $ 60 $ 150 $ • 175 $ 8,500 $ 66,086 Bonnie Nicklein 11/21/16 Administrative Services Manager $ 50,000 $ 3,100 $ 725 $ - $ 11,000 $ 450 $ 60 $ 150 $ 175 $ 10,000 $ 75,660 Overtime-NonExempt Overtime-NonExempt $ 2,500 $ 155 $ 36 $ - $ - $ $ - $ - $ - $ 500 $ 3,191 Part-Time Positions Up to$20/Hr.-35•Hrs./Week $ 36,400 $ 2,257 $ 528 $ - $ - $ - $ - $ - $ - $ - $ 39,185 Available for Salary Increases $ 17,000 $ 1,054 $ 247 $ - $ - $ - $ - $ - $ - $ 3,400 $ 21,701 Total $ 750,935 $ 46,558 $ 10,889 $ 5,220 $ 99,000 $ 4,050 $ 540 $ 1,350 $ 3,144 $ 142,907 $ 1,064,593 RETIREMENT SALARY 457(b) 401(a) BENEFITS FY 17-18 5% 15% TOTAL Executive Director $ 135,000 $ 6,750 $ 20,250 $ 27,000 Assistant Director $ 118,500 $ 5,925 $ 17,775 $ 23,700 Finance Director $ 93,000 $ 4,650 $ 13,950 $ 18,600 Finance Specialist $ 65,000 $ 3,250 $ 9,750 $ 13,000 Development Services Manager $ 75,000 "$ 3,750 $ 11,250 $ 15,000 Marketing&Business Development Specialist $ 61,035 $ 3,052 $ 9,155 $ 12,207 Special Events Coordinator $ 55,000 $ 2,750 $ 8,250 $ 11,000 Mkt/Evts/Bus Devl Assistant $ 42,500 $ 2,125 $ 6,375 $ 8,500 Administrative Services Manager $ 50,000 $ 2,500 $ 7,500 $ 10,000 Overtime-Non-Exempt $ 2,500 $ 125 $ 375 $ 500 Salary or Wage Increases $ 17,000 $ 850 $ 2,550 $ 3,400• Total $ 714,535 $ 35,727 $107,180 $ 142,907 NOTE:City's contribution to General Employees'Pension Fund=five year range of 31.35%to 33.55%annually(source:City Finance Department) NOTE:Total benefit cost= $ 250,991 of Total Salaries&Benefits= 24% • 6 BOYNTON BEACH CRA General Fund - Fund Balance Analysis (a)Audited Fund Balance 9/30/2016 $ 4,727,433 Less: 1. Committed Fund Balance-Self-Funded insurance Reserve(a) $ (454,874) 2.Working Capital -Oct-Dec 2017 $ (2,500,000) 3. Compensated Absences $ (75,000) 4. Prepaids (Insurance & Rent Deposits) $ (35,000) 5. Encumbrances $ (115,000.) 6.Allocation of Unassigned Fund Balance from FY14-15(b) $ (668,607) 7.Allocation of Unassigned Fund Balance from FY15-16(c) $ (671,636) Sub-Total $ (4,520,117) Estimated Unassigned Fund Balance as of 9/30/17 $ 207,316 • (a) Components of Self-Funded Insurance Reserve FY 2012-2013- Resolution No. 14-01 $ 119,813 FY 2014-2015- Resolution No. 16-02 $ 167,152 FY 2015-2016- Resolution No. 17-01 $ 167,909 Total Self-Funded Insurance Reserve $ 454,874 (b)Allocations of Unassigned General Fund- Fund Balance 9/30/15 1. Committed Fund Balance-Self-Funded insurance Reserve $ (167,152) 2. Projects -Allocated in FY 16-17 Budget $ (668,607) Total $ (835,759) (c)Allocations of Unassigned General Fund- Fund Balance 9/30/16 1. Committed Fund Balance-Self-Funded insurance Reserve $ (167,909) 2. Projects -Allocated in FY 16-17 Budget $ (671,636) Total $ (839,545) Note: The annual audit of the CRA's financial statements for the fiscal year are completed by mid-January of the following year. 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. CRA'Neigh7iorhod Policin Pro! am-fY 2017-2018 t Actual Category Quantity Cost per.Unit Subtotal Notes 'P'rsotthet" Sergeant Salary&Incentive(Diehl) 1 $ 90,500 $ 90,500 Salary,Education Incentive Sergeant Benefits-Pension 1 $ 43,000 5 43,000 Pension Sergeant Benefits 1 $ 15,755 $ 15,755 Healthcare,Dental,Vision,Fica Officer Salary&Incentive(Paramore) 1 $ 61,250 $ 61,250 Salary,Education Incentive Officer Benefits-Pension 1 $ 29,100 $ 29,100 Pension Officer Benefits 1 $ 13,335 $ 13,335 Healthcare,Dental,Vision,Fica Officer Salary&Incentive(NEW) 1 $ 50,000 $ • 50,000 Salary,Education Incentive Officer Benefits-Pension 1 $ 23,750 $ 23,750 Pension Officer Benefits 1 $ 13,335 $ 13,335 Healthcare,Dental,Vision,Fica $ 340,025 Personnel Costs Total ( t. Radio and Related Equipment 1 $ 2,000 $ 2,000 Bike Rack 1 $ 250 $ 250 Misc.Equipment-As Needed $ 2,500 $ 2,500 $ 4,750 Equipment Costs Total Cell Phones Service Plan 3 $ 675 $ 2,025 Office Supplies 1 $ 2,000 $ 2,000 Paper,Pens etc. Office Cleaning 1 $ 1,500 $ 1,500 Misc.Supplies 12 $ 125 $ 1,500 Printer-Copier-Scanner 1 $ 1,000 $ 1,000 For Community Events $ 8,025 Office Expenses Total IN 352,800oPro usedro ramEx enses Promotional/Marketing $ 7,500 Contingency $ 11,700 Total for FY 17-18 $ 372,000 NOTE:All amounts provided by Police Department with exception of Contingency and ILA amount for FY 2017-2018 Revised by CRA to include promotional/marketing materials and additional equipment. • 8