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11
Leif J. AhnellLeif J. AhnellCity ManagerCity Manager
City of Boca RatonCity of Boca Raton
Fiscal Year 2006-07Fiscal Year 2006-07Budget PresentationBudget Presentation
City of Boca RatonCity of Boca Raton
22
Goals of theGoals of theCity of Boca RatonCity of Boca Raton
Financially Sound City Financially Sound City GovernmentGovernment
Top Quality Municipal ServicesTop Quality Municipal Services
Strong Partnership with our Strong Partnership with our
StakeholdersStakeholders
33
City of Boca RatonCity of Boca RatonPolicy Agenda Priorities forPolicy Agenda Priorities forFY 2006-07FY 2006-07
Top PriorityTop Priority
•Workforce Housing Policy Direction & Workforce Housing Policy Direction & StrategyStrategy
•Downtown Vision and Spine DirectionDowntown Vision and Spine Direction
•FAU StrategyFAU Strategy
•FAU / Boca Raton Community Hospital FAU / Boca Raton Community Hospital ProjectProject
44
City of Boca RatonCity of Boca RatonPolicy Agenda Priorities forPolicy Agenda Priorities forFY 2006-07FY 2006-07
High PriorityHigh Priority
•Downtown Traffic Study & DesignDowntown Traffic Study & Design
•Light Industrial Research Park StudyLight Industrial Research Park Study
•Florida Atlantic University/I-95 Florida Atlantic University/I-95 InterchangeInterchange
•Retirement / Pension Cost Retirement / Pension Cost Containment StrategyContainment Strategy
•Wildflower Property Direction & Wildflower Property Direction & ActionsActions
55
Goals of theGoals of theCity of Boca RatonCity of Boca Raton
Financially Sound City GovernmentFinancially Sound City Government
– AAA rated City by rating agenciesAAA rated City by rating agencies
–Adequate ReservesAdequate Reserves
–Demonstrated leadership of elected Demonstrated leadership of elected
officials and management teamofficials and management team
66
Boca Raton FactsBoca Raton Facts
Total Budget $430,388,100Total Budget $430,388,100 Employees Full Time Equivalent 1,765Employees Full Time Equivalent 1,765
Population 85,377Population 85,377 No. of Dwelling Units 43,400No. of Dwelling Units 43,400 Assessed Value $19.940 billionAssessed Value $19.940 billion Bond Rating AAABond Rating AAA
77
Boca Raton FactsBoca Raton Facts
Land Area 28 sq. milesLand Area 28 sq. miles No. of Parks 39No. of Parks 39 Acres of Parks 866Acres of Parks 866 No. of Police Officers 198No. of Police Officers 198 No. of Firefighters 200No. of Firefighters 200 No. of Fire StationsNo. of Fire Stations 88
88
Boca Raton FactsBoca Raton Facts
No. of Police calls per year 59,240No. of Police calls per year 59,240 No. of Fire calls per year 17,115No. of Fire calls per year 17,115 No. of users of Parks 5,000,000No. of users of Parks 5,000,000 Cost to operate Police & Fire $63.96mCost to operate Police & Fire $63.96m Total Property Taxes collectedTotal Property Taxes collected $62.51m$62.51m (excluding debt service)(excluding debt service) Avg No. of people in City daily Avg No. of people in City daily 350,000350,000
99
Your Property Tax Bill Your Property Tax Bill by Taxing Authorityby Taxing Authority
Total Boca Raton Taxes Paid to All Agencies $367,612,876
F.I.N.D.1%
$729,308
Everglades Const Project1%
$1,894,306
South Florida Water Management Dist
3%$11,309,009
PBC School Board Operating / Debt
40%$149,119,795
City of Boca Raton18%
$67,979,077
PBC Health Care District5%
$20,458,508
Boca Raton Beach & Park District
5%$16,933,204
Child Services Council
4%$13,046,088
Palm Beach County Operating
23%$86,143,581
1010
Tax Bill $350,000 Tax Bill $350,000
Assessed Value $375,000Homestead Exemption (25,000)Taxable Value $350,000
Taxing Agencies Taxable Value Multiply byTax Rate /
$1,000 Total Tax
PBC School Board Operating / Debt $350,000 X 7.8720 $2,755.20
County Operating / Debt $350,000 X 4.5475 $1,591.63
Boca Raton - Operating / Debt $350,000 X 3.5886 $1,256.01
PBC Health Care District $350,000 X 1.0800 $378.00
Greater BR Beach & Park District $350,000 X 0.8939 $312.87
Child Services Council $350,000 X 0.6887 $241.05
South FLA Water Management Dist $350,000 X 0.5970 $208.95
SFWMD Everglades Const Project $350,000 X 0.1000 $35.00
F.I.N.D. $350,000 X 0.0385 $13.48
TOTAL MILLAGE $350,000 X 19.4062 $6,792.19
1111
City of Boca RatonCity of Boca Raton
Proposed Budget for 2007Proposed Budget for 2007Home with a Taxable ValueHome with a Taxable Value
Of $350,000Of $350,000
Millage Tax Millage Tax Millage Tax PercentTotal Millage Rate 3.7062 $ 1,297.17 3.5886 $1,256.01 (0.1176) $ (41.16) (3.17%)
FY 2005-06 FY 2006-07 CHANGE
1212
Boca Raton Average Taxable Boca Raton Average Taxable Value of Residential PropertiesValue of Residential Properties
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
ResidentialHomestead
Residential NonHomestead
Single FamilyHomestead
Single FamilyNon-Homestead
CondominiumHomestead
CondominiumNon-Homestead
2004 2005 2006
1313
Boca Raton Taxable Value of Boca Raton Taxable Value of Commercial PropertiesCommercial Properties
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
2004 2005 2006
1414
Boca Raton Historical Boca Raton Historical Tax RatesTax Rates
Millage History
-
1
2
3
4
5
6
7
8
9
10
19721974
19761978
19801982
19841986
19881990
19921994
19961998
20002002
20042006
Year
Mil
ls
Debt ServiceOperating
1515
Boca Raton compared to Boca Raton compared to other citiesother cities
2006 Operating Tax Rates
0.0000
1.0000
2.0000
3.0000
4.0000
5.0000
6.0000
7.0000
8.0000
9.0000
Boca Raton Coral Springs Fort Lauderdale Deerfield Beach Palm BeachGardens
Hollywood Delray Beach Boynton Beach West PalmBeach
1616
Boca Raton Fire Boca Raton Fire Assessment FeeAssessment Fee
Annual Fire Assessment Fee Per Residential Unit
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
Boca Raton(Proposed)
DeerfieldBeach
BoyntonBeach
PompanoBeach
CoralSprings
FortLauderdale
Hollywood
1717
City of Boca RatonCity of Boca RatonTotalsTotals
Expenditure Expenditure by Categoryby Category
ApprovedApproved20062006
RecommendedRecommended20072007
$$VarianceVariance
%%VarianceVariance
PersonalPersonalServicesServices 74,224,40074,224,400 78,036,70078,036,700
Other Other OperatingOperating 24,670,80024,670,800 28,654,50028,654,500
SuppliesSupplies 3,726,8003,726,800 3,843,1003,843,100 Capital Capital OutlayOutlay 576,700576,700 650,900650,900
TransfersTransfers 6,233,3006,233,300 5,993,1005,993,100
TOTALSTOTALS $109,432,000$109,432,000 $117,178,300$117,178,300 $7,746,300$7,746,300 7.08%7.08%
General Fund – Operating Costs General Fund – Operating Costs Proposed Budget for 2007Proposed Budget for 2007
1818
City of Boca RatonCity of Boca RatonGeneral FundGeneral FundIncreased Operating CostsIncreased Operating Costs
• Police & Fire Salaries & BenefitsPolice & Fire Salaries & Benefits $ 2,479,900$ 2,479,900
• General Employees Salaries & Benefits General Employees Salaries & Benefits 729,300 729,300
• FuelFuel 1,088,600 1,088,600
• Health InsuranceHealth Insurance 838,400 838,400
• Payment to CRAPayment to CRA 749,400 749,400
• ElectricityElectricity 544,500 544,500
• Vehicle Replacement FundVehicle Replacement Fund 486,700 486,700
• Property InsuranceProperty Insurance 186,200 186,200
• New Programs and PersonnelNew Programs and Personnel 275,700 275,700
• Other Operating Costs Other Operating Costs 367,600 367,600
Total General FundTotal General Fund $ 7,746,300$ 7,746,300
1919
Boca Raton Water and Boca Raton Water and Sewer RatesSewer Rates
0
20
40
60
80
100
120
140
160
Boca Raton City ofBoyntonBeach
Delray Beach Palm BeachGardens
DeerfieldBeach
West PalmBeach
Coral Springs Palm BeachCounty
Hollywood FortLauderdale
(1-inch residential meter using 25,000 gallons - monthly)
Water Total Sewer Total
2020
City of Boca RatonCity of Boca RatonFY 2006 - 07 FY 2006 - 07 BUDGET CALENDARBUDGET CALENDAR
Tentative Budget Public HearingTentative Budget Public Hearing
September 11, 2006September 11, 2006 6:00 p.m.6:00 p.m.
City Council ChambersCity Council Chambers
FINAL Budget Public HearingFINAL Budget Public Hearing
September 25, 2006September 25, 2006 6:00 p.m.6:00 p.m.
CITY COUNCIL CHAMBERSCITY COUNCIL CHAMBERS