City of Plantation Mayor s Council October 12, 2017 Diane Veltri Bendekovic, Mayor Plantation Community Center Dedicated August 2017 Welcome Agenda General Fund Budget highlights Ad Valorem Bond update Hurricane Irma recovery efforts 1
Budget Highlights Proposed General Fund budget statement FY 2018 Taxes, fees, revenue sharing, charges for services 89,085,666 Other miscellaneous revenue 15,906,810 Total revenue $104,992,476 Personal services 80,398,034 Operating expenditures 17,932,725 Capital 3,100,840 Non operating transfers-out 1,716,898 Debt service 1,082,040 Grants and aid 761,939 Total expenditures $104,992,476 2
The first public hearing was held September 6. The second budget hearing was initially scheduled for Wednesday, September 13, but was rescheduled for September 15, due to Hurricane Irma. The Budget was passed unanimously (5-0) by Council. 2018 Budget 9,000,000,000 8,000,000,000 7,000,000,000 6,000,000,000 Change in taxable property values 5,000,000,000 4,000,000,000 3,000,000,000 2,000,000,000 1,000,000,000 0 3
Reserve fund balances 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 298,574 206,417 3,803,169 5,519,339 4,800,000 4,800,000 11,196,021 27,678,346 935,328 11,248,693 Secures an Aa1/AA+ bond rating 21,033,092 49,452,795 General fund reserve balances (Sept 2012 vs. Sept 2016 CAFR) 2012 2016 $7,000 $6,000 Millage rate comparison $5,000 $4,000 $3,000 Plantation $2,000 $1,000 $0 Ad valorem based on home value less $50,000 exemption. 4
Taxpayer Obligation $4,124.98 Examples show a property value of $250,000 with a $25,000 Homestead Exemption and the additional $25,000 Homestead. Typical tax bill Broward County Commission $1,153.80 28.0% Broward County School Board $1,307.88 31.7% City of Plantation $1,150.00 27.9% Florida Inland Nav District $6.40 0.2% North Broward Hospital District $249.66 6.1% Children's Services Council $97.64 2.4% City Debt (Bond) $97.60 SFWMD 2.4% $62.00 1.5% Additional drainage districts that serve the City: Plantation Acres Improvement District, tax rate = $567.17/acre (pro-rated for portions of an acre) Old Plantation Water Control District, tax rate = $146.75/acre (pro-rated for portions of an acre) Taxpayers generate 46.4% of the total General Fund revenue necessary for daily operations. Revenue by funding source 46.4% 14.2% 12.5% 9.2% 7.3% Ad Valorem: 5.7500 Mills Charges for Services Permits, Fees & Special Assessments Intergovernmental Utility Service Taxes Other General Taxes 0.1% 4.4% 3.1% 1.9% 0.9% Non Operating Transfer-In Misc Revenue 5
Impact to homeowners Ad Valorem Tax levy including millage rate (5.75) and voter approved debt millage (0.4880) 2017 Taxes including debt service & increase in property values Neighborhood SOH Prop value Est taxes at 5.7500 Debt service Total 2017 taxes Per month Laud West 86,150 208 18 226 18.83 Park East 137,490 503 43 546 45.50 CC Estates 151,110 581 49 630 52.50 Historic Plant. 174,970 719 61 780 65.00 Jacaranda 204,060 886 75 961 80.08 Royal Palm 211,920 931 79 1,010 84.17 Jacaranda Lakes 240,390 1,095 93 1,188 99.00 Golf Estates 352,110 1,737 147 1,884 157.00 Fox Run 429,810 2,184 185 2,369 197.42 Plantation Acres 433,080 2,203 187 2,390 199.17 Ad Valorem Bond Updates 6
Ad Valorem Bond Background The City identified a list of much needed capital projects in the areas of Public Safety, Public Works and Parks & Recreation The Ad Valorem Bond was approved on November 8 by the voters who agreed to an additional charge on their tax bills to pay the debt service The additional charge appears as voter approved debt service on the tax bill All three bond referendums passed with over a 63% margin Projects scheduled for/completed in 2017 Paving project for Jacaranda Lakes complete Fire trucks/ladder trucks have been purchased; expect delivery of first ladder truck in October MURT trail improvements (SW 54 th Avenue, Plantation Road) Ad Valorem Bond Projects to begin in 2018 Police training center/gun range FS#1 replacement FS# 4 and 5 additions Additional fire vehicles Pine Island Park improvements Central Park/Sunset park lighting Pop Travers field improvements Central Park multi-purpose building improvements MURT trail improvements Public Works craft shop & maintenance building renovations Roadway resurfacing Street lighting Stormwater rehab projects 7
Ad Valorem Bond Project to continue throughout 2019/2020 PD training center/gun range FS#1 replacement FS#4 training facility Pine Island Park improvements Central Park/Sunset Park lighting Central Park multi-purpose center improvements Public Works craft shop renovations Roadway resurfacing Street lighting Stormwater rehab projects Drain outfall/headwall replacement Hurricane Irma Recovery Efforts 8
Debris removal 231,586 cubic yards of debris (out of over 500,000 total) Averaging 16,000 / day 30 vehicles servicing the City of Plantation Contracts with Crowder Gulf, Bergeron and TFR Tree debris should be placed near (not blocking) the roadway. Tree debris should be cut into sections and piled together. Place debris away from mailboxes, water meters, street signs, light poles, fire hydrants and storm drains. Mixed loads WILL NOT be picked up. NO BLACK BAGS. Resources Broward County residents may bring debris to the Broward County Landfill, located 7101 SW 205th Avenue (off Sheridan Street east of US 27, 954-357-5330). Monday Saturday, 8:00 AM 4:00 PM The City s Horticultural station off Cleary Road is closed until further notice. You may take bulk items to the Wheelabrator disposal site, located at 4400 S. State Rd 7, Davie, FL 33314-2110 (954-581-6606). Open Saturdays from 8:00 AM 4:00 PM. Mosquito spraying is a service provided by the County. The City has already contacted the County and placed Plantation on the County s spray list for mosquitos. For questions, you may call Broward County at 954-765-4062. 9
Resources If you suffered damage from Hurricane Irma and are uninsured or underinsured, assistance may be available through FEMA. Residents can go to disasterassistance.gov or call 1-800-621-FEMA (3362). (TTY should call 800-462-7585). USACOE Blue Roof Program is available for Broward County residents. This program is available at no cost to eligible primary homeowners in Broward. For more information, call 1-888-ROOF-BLU (1-888-766-3258). There was no boil water alert in Plantation. Any water issues (including no water), contact Utilities: 954-513-3462 or 954-797-2169 (after hours). More information and resources may be found at Plantation.org; click on Debris Removal Update Long range concerns Vision Millage rate: 5.7500 Plan today for additional Homestead Exemption of $25,000 Collective bargaining FOP Succession planning Health benefit increases Legislative appropriations Reserves replenishment Cost vs. revenue Anticipate increases in the cost of doing business Continue to evaluate every dime spent, be cognizant of every purchase mad, and search for new potential revenue streams Service Provide unprecedented service at a tax rate that is below most other Broward Cities Look for additional ways to streamline processes 10
Stay connected Plantation.org The citizen hotline (954-585-2363) Twitter (Twitter.com/PlantationFLA) Facebook (Facebook.com, search for City of Plantation) Plantation Radio (1620 AM) Recreation Quarterly Askcityhall@Plantation.org Plantation Now! enewsletter Plantation On the Alert You can learn about all of these and more. Visit Plantation.org and click on Social Media. Questions? Next Mayor s Council Meeting Thursday, January 25, 2018 11