1 Leif J. Ahnell City Manager City of Boca Raton Fiscal Year 2006-07 Budget Presentation City of Boca Raton.

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

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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