ADMINISTRATION: 21 Country Road. . Villagec ofC Golf, FL3 33436-5299. (561)7 72025-FAX6D72704  SECURITY: 66D7342318-UTILITES: 661)7324710-ywww.llagefgollorg  AGENDA  GOLS  VILLAGE OF GOLF  FIRST PUBLIC BUDGET HEARING FRIDAY, SEPTEMBER 3, 2021 e 5:01 p.m.  NOTE: We will be conducting a ZOOM Council Meeting. Information for resident participation will  be emailed.  1. CALL TOC ORDER, ROLL CALL and PLEDGE OF ALLEGIANCE  2. PUBLIC BUDGET HEARING  a. THE TENTATIVE MILLAGE RATE NECESSARY TO FUND THE FY2022 GENERAL FUND BUDGET IS 6.5452 MILLS WHICH IS 4.11% OVER THE ROLL  BACK RATE OF 6.2867 MILLS.  b. THE TENTATIVE MILLAGE RATE FOR FY2021/2022 IS 6.5452 SUMMARY OF TENTATIVE FY 2021/2022 BUDGET  d. PUBLIC COMMENT e. CLOSE PUBLIC HEARING  3. ADOPTION OF PROPOSED MILLAGE RATE OF 6.5452 MILLS FY 2021/2022.  4. ADOPTION OF TENTATIVE BUDGET FY 2021/2022. MONDAY, SEPTEMBER 13, 2021 -5 5:01 P.M.  5. SET DATE, TIME AND PLACE OF SECOND PUBLIC BUDGET HEARING FOR  6. ADJOURNMENT  Alli interested parties are notified to appear at said hearings in person or by attorney and be heard. Any person who decides to appeal any decision of the Village Council with respect to any matter considered at these meetings will need a record of the proceedings and for such purpose may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is  to bel based.  Page 1of1 First Budget Hearing September 13, 2021    C  Memorandum  To: Thru: From: Date: Re:  Mayor and Council  Christine M. Thrower-Skinner, Village Manager Beatrice Good. Finance Director  Sept. 3, 2021  FY2022 Proposed General Fund Budget  The proposed budget totals $2,053,989, a 11% increase over the current budget. Below are  the contributing factors: General Fund Revenues  Preliminary taxable values total $205,567,337, an increase of 6.47%. Calculated at the current millage rate of 6.5452, ad-valorem tax will generate $1,278,205 in Total budgeted revenues include $135k of coronavirus local fiscal recovery funds and $84,099 of restricted discretionary salès surtax funds (penny sales tax) to be applied toward the power and telecommunication lines undergrounding capital Annual Operating Transfer from the Utility Fund has been adjusted to $407k per the draft rate study, a decrease of approximately $59k due to a revision in the  revenue, an additional $67,616 over the current year.  project.  calculation recommended by the Village Rate Consultants.  General Fund Expenditures  Ap portion of administrative salaries have been allocated to the Building Activities Fund. Personnel costs include a 5% performance increase as well as a one-time 4% premium pay adjustment for essential worker performed throughout the 25% of the existing security services contract has been allocated to the Building Activities Fund causing a reduction withing the Public Safety department of $147k or2 27%, due to increased patrols and personnel during construction season. Grounds Maintenance and Fire Rescue contracts have been adjusted accordingly,  pandemic.  resulting in a combined $44k increase.  1    Capital Outlay represents the remaining share of the undergrounding project cost,  $395k.  Utility Fund Revenues  Water and Sewer revenue has been increased by 10% and 12% respectively per the revenue sufficiency study conducted. This increase generates an additional Total revenues include anticipated loan proceeds of $2.5m required to meet capital  $247k.  funding needs as outlined in the study.  Utility Fund Expenses  Professional fees were reduced by approximately $68k. The reduction is based on completed studies (i.e., rate study, capital improvement program, membrane Repairs and maintenance have been increased to capture ongoing repairs. This number may be adjusted, depending on capital improvement projects.  evaluation).  e Page 2    5  a e   I  @        do  0 88  $A -      6 -  00 o   8     8 8  0 o0 do            5  8  a  $  U 2  a        5  ) (  5    o    -  $    Village of Golf Utility Fund Proposed Budget- FY2022 FY2019 Actual  FY2020 Actual  FY2021 Adopted  FY2022 Proposed  General Ledger Code/Description Revenues 343- -WATER REVENUE 343-SEWERI REVENUE 343-HYDRANT REVENUE 343-OTHER INCOME 343-L LIEN SEARCHES 361 INTEREST INCOME 384 SERIES 20221 LOANI PROCEEDS 389- CAPITAL CONTRIBUTIONS Total Utility Revenues Expenditures 12-PAYROLL 14-OVERTIME 21-PAYROLL TAXES 22-RETIREMENT CONTRIBUTIONS 23-HEALTHI INSURANCE 24-WORKERS COMPENSATION 31- PROFESSIONAL: SERVICES 32- ACCOUNTING &A AUDITING 34- OTHER CONTRACTUAL SERVICES 40-TRAVEL & PERI DIEM 41-COMMUNICATIONS & POSTAGE 43-UTILITIES 44- RENTALS &L LEASES 45-COMMERCIAL INSURANCE 46- REPAIRS & MAINTENANCE 49-OTHER CURRENT CHARGES 51-C OFFICE SUPPLIES 52-OPERATING: SUPPLIES 54- DUES, MEMBERSHIPS & SUBSCRIPTIC 63-INFRASTRUCTURE IMPROVEMENTS 64-MACHINERY & EQUIPMENT 71- DEBT SERVICE 91- OPERATING TRANSFER OUT Total Utility Expenses Excess Revenuesyependiues Other Revenue Sources/(Uses) Net/ Assets Excess Revenue)Ependtures Available! NetA Assets @  variance  $1,108,181 $1,117,547 $1,078,865 $1,192,990 10% $114,125  $1,014,560 $1,026,706 $15,000 $30,219 $11,800 $7,216 $0 $0  $994,515 $1,127,482 12% $132,967  $15,000 $24,143 $7,550 $3,803 $0 $90,000  $15,000 $23,000 $7,200 $2,750 $0  $15,000 0% $23,000 0% $7,200 0% $2,750 0% $0 $2,555,510 100% $2,555,510 $0 0%  $0 $0 $0 $0 $0  $2,186,977 $2,284,748 $2,121,330 $4,923,932 57% $2,802,602  $292,271 $15,430 $23,475 $20,010 $57,269 $9,744 $13,984 $27,400 $539 $8,580 $62,684 $0 $47,728 $121,720 $263,718 $2,977 $870 $134,009 $9,875 $0 $0 $29,286 $455,000 $456,000  $302,383 $305,470 $303,118 -1% ($2,352)  $16,362 $15,200 $24,392 $24,531 $24,655 $24,439 $67,242 $79,688 $8,980 $10,500 $117,540 $85,360 $28,150 $28,150 $0 $500 $10,630 $14,430 $60,660 $65,000 $0 $500 $57,336 $54,200 $77,000 $3,654 $2,250 $712 $800 $129,457 $121,100 $8,470 $17,105 $0 $0 $455,000 $25,925 $149,717  $17,500 13% $2,300 $24,527 0% $19,223 -27% ($5,216) $90,659 12% $10,971 $10,500 0% $16,500 -417% ($68,860) $28,300 1% $150 $566,720 0% $300 $500 0% $13,750 -5% ($680) $65,000 0% $500 0% $62,965 14% $8,765 $156,500 51% $79,500 $2,700 17% $450 $1,500 47% $700 $121,100 0% $19,655 13% $2,550 $0 $2,438,359 100% $2,438,359 $0 -100% ($455,000) $155,556 4% $5,839 $460,000 $407,009 -13% ($52,991)  ($4) $0  $539,115 $577,865 $566,420  $0 $0 $0  $0  $2,193,623 $2,497,068 $2,557,360 $4,522,141 43% $1,964,781 ($6,646) ($212,319) ($436,030) $401,791 ($6,646) ($212,319) ($436,030) $401,791  $0  $0  $0  $0  $857,430