SOUND FINANCIAL MANAGEMENT TEN-YEAR FINANCIAL FORECAST ✓ Maintains operating millage flat at 5.55 through FY 2028 ✓ Debt millage reduced to -0- in FY 2020 ✓ General Obligation debt paid off in FY 2019 ✓ Potential additional $25K exemption is factored beginning in FY 2020 ✓ Gradual drawdown of unassigned reserves to $18.7M by FY 2023; increasing to $23M by FY 2028 ✓ Budget stabilization reserves reduced to zero by FY 2020, but increase to $7.5M by FY 2028 ✓ Use and level of reserves comply with policy
Total Revenues/Sources All Funds $158,089,339 Impact Fees Franchise Fees $1,794,984 $5,840,000 Carryover $40,100,333 Other User Fees $5,206,904 $24,639,274 Intergovernmental Transfers $10,390,000 $1,236,637 Licenses & Permits Ad Valorem $3,401,000 Taxes Other Taxes $61,830,207 $3,650,000
Total Expenditures/Uses All Funds $158,089,339 Reserves Debt $39,271,586 $7,687,314 Transfers Capital $1,236,637 $3,167,633 Operating $29,053,43 Personnel $77,672,732
✓ Business friendly expedited permitting. ✓ Outstanding range of public and private schools, from pre-K to university. ✓ Ad valorem tax exemption program available. ✓ Centrally located on the east coast between Orlando and Miami. ✓ Minutes away from international airports, access to interstates, railways and deep water ports. ✓ Low crime rate with nationally accredited Police and Fire-Rescue Departments.
TREVI ISLE STATUS: UNDER CONSTRUCTION 50 TOWNHOMES 12.5 ACRES
DiVosta Towers STATUS: UNDER CONSTRUCTION TWO 11-STORY PROFESSIONAL OFFICE TOWERS 111,971 SF PER TOWER 2 nd TOWER STARTED CONSTRUCTION PARKING GARAGE ALMOST COMPLETE
ANCIENT TREE STATUS: UNDER CONSTRUCTION 97 ACRES 97 RESIDENTIAL SINGLE FAMILY HOMES MODEL HOMES BEING BUILT
AVENIR STATUS: APPROVED Began land clearing mid-year 2018 Residential site plans #1 and #2 are under review # 2 # 1
Bonnette Hunt Club STATUS: UNDER REVIEW 6.78 ACRES 24 SINGLE FAMILY HOMES
ANNEXATION STATUS: UNDER REVIEW 5.74 ACRES Carl’s Plaza FORMER CARL’S PLAZA RETAIL CENTER Palm Beach Garden s
ON THE HORIZON: HILLTOP GARDENS
BUILDING for Tomorrow
1. Artistic Bus Shelters in the Gardens 20. Clubhouse Energy Management System 38. Bridge Refurbishment Program 2. Equipment Upgrades for Energy Efficiency 21. Golf Course Cart Barn Replacement 39. Stormwater Infrastructure Maintenance & Repair 3. Miscellaneous Alley Pavement Improvements 22. Golf Training Center 40. Sidewalk Expansion 4. NIAP - 40th/Sunset/Brenna Improvements 23. Golf Driving Range Lighting 41. FHBC Grant - Alt A1A Beautification Pro 5. Johnson Dairy/Military Trail 24. Turf Care Chemical Building 42. City Hall Renovations/Expansion 6. Burns Rd/Alt A1A Turn Lane Modification 25. Demo of Old Turf Care Facility 43. Fire Station 1 Renovations 7. Campus Drive Improvements 26. Landscape & Irrigation for Expansion 44. New Operations Center 8. Shady Lakes Drive Expansion Phase 1 27. Range Restoration 45. Public Facility Site Improvements 9. Signal Improvement - Golf Course 28. Monopole @ Lake Catherine Park/ 46. Plant/Lilac Park Expansion MacArthur Blvd. 10. Shady Lakes Drive Intersection-Phase 2 47. Joseph R. Russo Athletic Complex 29. Fueling Station 11. 117th Court North Expansion- Phase 3 48. New Soccer Complex 30. Police Department Expansion 12. Johnson Dairy Infrastructure Improvement 49. Baseball Complex Expansion 31. Radio Tower for Avenir 13. Public Safety Training/Richard Rd Site 50. Tennis Center Clubhouse- Phase I- Design 32. Monopole @ Lake Catherine- Phase 2 14. Golf Course Cart Path 51. BRCC Master Plan 33. Plant Dr Parking & Repurposing Hockey 15. Golf Course Club House Expansion 52. Tennis Ctr Clubhouse-Ph II-Construction 34. Gardens Park BB Concession/ Pavilions 16. Golf Course Maintenance Building Renovation 35. Ironwood Park 17. Golf Course Parking Improvements/Exp 36. PGA Flyover Pump Replacement 18. Clubhouse & Entry Landscaping 37. Irrigation pump replacement program 19. Clubhouse FFE/AV/Security
THANK YOU! For additional information, please visit: www.PBGFL.com
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