VILLAGE OF TEQUESTA FALL NEWSLETTER

Fiscal Vear 2021/2022 Budget-in-Brief

Council approved the Fiscal Year 21/ 22 budget in September. To view the Budget -in-Brief and Budget Book, vi sit our website.

Proposed General Fund Budget Summary Village of Tequesta Fiscal Year 2021/2022

Where the Money Comes From General Fund

53%

7%

Estimat ed Revenues Ad Valorem Taxes Sales and Use Taxes

s s $

8,158,070 s 1,910,660

2%

Franchi se Fees

462,000

Licenses and Permits

1,000

3%

$ $ $ $ $ $

Intergovernmental Revenues

939,720

Charges for Services

1,507,260

6%

Miscellaneous Revenues lntragovernmental Services

289,420 856,310

Unrestricted Investment Earnings

8,300

6%

Other Financing Sources

0

10%

13% • Sales & Use Taxes

$ 14,132,740

Total Revenues

$ $

-

Transfers In

• Ad Valorem Taxes Charges for Services

Fund Balances/Reserves/Net Assets

1,145,230

• Intergovernmental

$ 15, 277,970

Total Revenues, Transfe rs & Balances:

• lntragovernmental

• Franchise Fees

• Appr. Fund Balance

• Other Misc. Revenues

Estimated Ex(!enditures General Government

$ $ $ $ $ $

3,120,770 7,855,145 1,546,915

Public Safety Transportation Leisure Services

Where the Money Goes l o/o General Fund 27 % 5% 1%

942,080 886,280

1%

Debt Service

Other Financing Uses Total Expenditures:

0

$ 14, 351,190

$ $

Transfers Out

827,260 99,520

6%

Fund Balances/Reserves/Net Assets Total Appropriated Expenditures, Transfers, Reserves & Balances:

6%

$ 15,277,970

23%

Proposed Budget for Other Funds Village of Tequesta Fiscal Year 2021/2022

10%

$

Building Fund

676,260 765,260 342,000 530,010 679,210 74,920 12,937,350

$

Capital Improvement Fund Capital Projects Fund Water Utility Fund Refuse & Recycl ing Fund

21%

-

$

• Police

• Fire Rescue General Government Leisure Services lnterfund Transfers Allocate to Fund Balance • • •

$

Transportation Debt Service Code Compliance • • •

$ $

Storm Wat er Fund

$

Special Law Enfor cement

$ 16,005,010

Total for Other Funds

Proposed 2021 Ad Valorem Taxes Paid for a Homesteaded Home with a Value of$300,000

2021 Property Value Highlights

Millage Rate History by Fiscal Year Ending September 30th

• The Gross taxable value of property for operating purposes rose by $69,056,167 or 5.63% since the previous year. • This resulted in a gross taxable value of $1,295,434,699 for Tequesta in 2021. • This is the tenth consecutive year that values have increased.

25

$1,891, School Board

$435, Other Taxing Authorities

·~

20

15

J $1,657, $1657,

10 5

$1,349' Palm Beach County

0

M V

00

0

M N

Village of Tequesta

~ ~ ~

~

M M

M M N N N

rl

rl rl

0

0

0

0 N

0

0

0

0

0

0

N N N

N N N

N N N

• VOT • OTHER TAXING AUTHORITIES

*Calculat ions do not i nclude the "Save Our Homes" cap

5