FY 2018 Annual Budget Document - Palm Beach County

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FY 2018 Annual Budget Document - Palm Beach County

Transcript Of FY 2018 Annual Budget Document - Palm Beach County

PALM BEACH COUNTY, FL FISCAL YEAR 2018 ANNUAL BUDGET

The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to the Palm Beach County Board of County Commissioners, Florida for its annual budget for the fiscal year beginning October 1, 2016.
In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communication device.
The award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award.

Fiscal Year 2018 Annual Budget

Palm Beach County, FL

PRINCIPAL OFFICIALS OF PALM BEACH COUNTY

Board of County Commissioners:

Top row from left to right: Dave Kerner (District 3), Hal R. Valeche (District 1) , Mary Lou Berger (District 5) , and Steven L. Abrams (District 4)
Bottom row from left to right: Mack Bernard (Vice Mayor, District 7), Melissa McKinlay (Mayor, District 6) , and Paulette Burdick (District 2)
Constitutional Officers:
Sharon R. Bock, Clerk & Comptroller
Dorothy Jacks, Property Appraiser
Ric L. Bradshaw, Sheriff
Susan Bucher, Supervisor of Elections
Anne M. Gannon, Tax Collector
Appointed Officials:
Verdenia C. Baker, County Administrator Denise Nieman, County Attorney Joseph Bergeron, Internal Auditor
Office of Financial Management and Budget:
Sherry Brown, OFMB Director John Wilson, Budget Director Lisa Pontius, Assistant Budget Director

Fiscal Year 2018 Annual Budget

Palm Beach County, FL

ACKNOWLEDGEMENTS

Special recognition is given to the following individuals for their efforts in coordinating and preparing the FY 2018 Budget.

Office of Financial Management & Budget

Sherry Brown

OFMB Director

John Wilson

Budget Director

Lisa Pontius

Assistant Budget Director

Mark Braun

County Debt Manager

Amy Karpf

Budget Manager

Jeremy Baker

Grant/Budget Analyst

Valerie Alleyne

Budget Analyst III

Derrek Moore

Budget Analyst III

Marilyn Tincher

Budget Analyst III

Ebony Bruton

Budget Analyst II

Alicia DeAbreu

Budget Analyst II

Kristi Parham

Fiscal Specialist III

Special thanks to: County Commissioners for their early and continuous involvement in the budget process. County Administrator, Deputy County Administrator and Assistant County Administrators for their expanded participation in this year's budget process.
Department Heads and Their Staff for their extraordinary effort in formulating the budget.

Mission
Statement
To continually improve, in the most cost-effective manner, the services to our customers; protection of the overall public good, as guided by the Board of County Commissioners’ policies; and to achieve a recognized high level of
public satisfaction on both costs and quality of service. We will focus continually on our customers’ needs and expectations, recognize
limitations in resources, explore creative and equitable revenue alternatives and respond capably and swiftly to changing priorities.

Fiscal Year 2018 Annual Budget

Palm Beach County, FL

HOW TO USE THE BUDGET DOCUMENT

The purpose of this section is to provide the reader with a guide to the document's contents; The following describes each of its major sections:

County Administrator's Budget Message This section provides an overview of the entire budget and highlights how the County is responding to the needs of our community and the Board of County Commissioners' policy direction.
Introduction This section provides general information about the County; its budget philosophy and process; financial policies (which form the foundation of the County's budget development and financial management processes); explanation of fund structure and governmental accounting; the County's long term goals; and Budget assumptions, issues, and the budget calendar.
Budget Summary This section provides the reader with basic overview of the budget. Included in this section are the budget summary, staffing, revenue sources trends and forecasts, Expenditure Summaries, and a tax millage rate summary.
Board Departments & Agencies This section presents the budgets of departments/agencies reporting to the Board of County Commissioners and contains information about County activities and expenditures.
Constitutional Officers This section presents the budgets of the independently elected officials (other than the Board of County Commissioners), i.e., Clerk & Comptroller, Sheriff, Supervisor of Elections, Tax Collector, Property Appraiser, Judiciary, State Attorney, and Public Defender.
Capital Improvement Program This section highlights the County's capital improvement expenditures and provides an overview of the capital needs, as well as proposed financing sources.
Debt Service This section highlights the County's budgeted debt service expenditures and provides an overview of the projected debt service needs through FY 2022.
Appendices This section contains a glossary and acronyms.

TABLE OF CONTENTS

BUDGET MESSAGE

County Administrator's Budget Message

1

BUDGET DOCUMENT INTRODUCTION

Information about Palm Beach County

11

Organization Chart

19

At A Glance

20

Demographics

22

Governmental Accounting

24

Financial Policies

27

Long Term Goals/Policies

34

Budget Philosophy & Process

39

Budget Calendar

41

Budget Assumptions

42

Budget Issues

44

Organizational Changes

45

BUDGET SUMMARY INFORMATION

Budget Summary Total Comparison

47

Changes in Property (Ad Valorem) Taxes

48

Increase (Decrease) in Millage Over Rolled-Back Rate 49

Description of Revenues by Type

50

Budget Summary - Revenues

51

Description of Expenditures by Activity Type

52

Budget Summary - Expenditures

53

Summary Charts

54

Sources/Uses of Funds

55

Division of Receipts and Expenditures

56

Summary of Revenues by Source

57

Expenditures by Category

58

Appropriations Summary

59

Budgeted Reserves

60

Analysis of Revenue Sources

61

Forecast of Revenues & Expenditures

78

Major Funds

80

Changes in Fund Balance

83

Budget Comparison By Fund

91

Position Summary by Department

98

Employees Per 1,000 Population

100

BOARD DEPARTMENTS & AGENCIES

Understanding Department Budgets

101

County Commission

County Commission

103

County Attorney

107

Internal Auditor

113

Palm Beach County, FL

BOARD DEPARTMENTS & AGENCIES (continued)

County Administrator

County Administration

117

Department of Airports

121

Community Services

127

County Cooperative Extension

133

County Library

139

Department of Housing and Economic Sustainability 145

Engineering and Public Works

151

Environmental Resources Management

157

Facilities Development and Operations

163

Fire Rescue

169

Fleet Management

175

Human Resources

179

Information Systems Services

185

Legislative Affairs

191

Medical Examiner

197

Metropolitan Planning Organization

201

Office of Financial Management & Budget

205

Office of Resilience

211

Palm Tran

213

Parks and Recreation

219

Planning, Zoning & Building

225

Public Affairs

231

Public Safety

237

Purchasing

243

Risk Management

249

Tourist Development Council

255

Water Utilities Department

261

Youth Services

265

Non-Department Agencies

Commission on Ethics

273

Criminal Justice Commission

279

Office of Community Revitalization

285

Office of Equal Opportunity

291

Office of Inspector General

297

Office of Small Business Assistance

301

Non-Department Operations

General Government

306

Non-Departmental Specific Reserves

307

Community Redevelopment Agencies Operations

308

Drug Abuse Trust Fund

309

Pollution Recovery Trust Fund

310

Value Adjustment Board

311

Ag Reserve Management Fees

312

Other Non-Departmental Expenses

313

Driver Education Trust Fund

314

Domestic Violence Trust Fund

315

Other County Funded Programs

Financially Assisted Agencies

318

Health Care District

320

Public Health Department

321

Other County Funded Programs

322

TABLE OF CONTENTS

CONSTITUTIONAL OFFICERS

Clerk & Comptroller

323

Judicial

327

Property Appraiser

340

Sheriff

342

Supervisor of Elections

344

Tax Collector

346

CAPITAL IMPROVEMENT

Capital Improvement Program Overview

349

Capital Budget Revenues & Appropriations by Category 354

History Capital Projects by Type

356

FY 2018 Capital Budget Reserves

358

Capital Project Summary

360

Impact of Capital Projects on the Operating Budget

388

Estimated Operating Impact of Capital Projects

389

DEBT SERVICE

Debt Service Overview

391

Summary of Bond Issues & Installment Debt

392

Debt Service Summary by Function FY 2018

396

Future Debt Service Requirements

397

Debt Service Ratios

398

Debt Service Data

400

Debt Service by Fund

401

APPENDICES

Glossary

433

Acronyms

443

INDEX

Index

451

Palm Beach County, FL

Board of County Commissioners
Melissa McKinlay, Mayor Mack Bernard, Vice Mayor Hal R. Valeche Paulette Burdick Dave Kerner Steven L. Abrams Mary Lou Berger
County Administrator Verdenia C. Baker

Office of Financial Management & Budget, 301 North Olive Avenue, West Palm Beach, FL 33401 (561) 355-2580 Fax: (561) 355-2109

December 29, 2017
The Honorable Melissa McKinlay, Mayor and Members of the Board of County Commissioners

RE: Adopted Budget – FY 2018
On behalf of the County Departments and Constitutional Officers, I am pleased to present the FY 2018 adopted budget. The budget is balanced at the countywide rate of 4.7815 mills, which is the same as FY 2017. This rate is 5.27% above the roll back rate and will generate $845.6 million in taxes, $56 million more than last year. The FY 2018 levied taxes are up 22.8% above the FY 2007 level. During this period, CPI and population is up 31.5%.

The most significant impact on the FY 2018 General Fund budget was the Sheriff’s budget request, which was a net ad valorem increase of $31.5 million. A few of the other major impacts on the FY 2018 budget include:
• 26 new ad valorem supported positions for BCC departments • 3% pay increase for employees • Increase in reserves to maintain policy level of 8% A list and explanation of impacts on ad valorem requirements can be found on pages 4 -5.

General Fund Undesignated reserves for FY 2018 are 8.2% of the total fund budget. This meets County’s preferred policy level. The availability of reserves for use in a financial emergency is one indication that a government is financially strong. Reserves provide the flexibility to fund special opportunities and emergencies and are a key consideration when rating agencies evaluate future borrowings. The County, one of only 47 in the country, maintains AAA ratings from all three rating agencies.

Countywide Ad Valorem Tax History

(in millions)

$900

$845.6

$789.6

$800 $729.9

$700

$667.3

$623.1

$599.6

$600

$500 2013 2014 2015 2016 2017 2018

1

Melissa McKinlay, Mayor and Members of the Board of County Commissioners Adopted Budget - Fiscal Year 2018 December 29, 2017

Budget, Millage, and Taxes:

The FY 2018 adopted budget totals $4.5 billion. The net budget, which excludes internal service charges, interdepartmental charges, and interfund transfers, is $3.8 billion and is $145.1 million (4%) greater than the FY 2017 net budget. Taxes, excluding voted debt, in comparison to roll-back and the prior year are summarized in the following table.

Taxing District Countywide Library Fire Rescue
Main MSTU Jupiter MSTU

Millage 4.7815 0.5491

FY 2017 Amount
$789,564,716 48,446,010

3.4581 2.0035

231,718,738 19,414,286

FY 2018 Rollback

Millage

Amount

4.5421

$803,255,676

0.5208

49,045,131

3.2747 1.9065

234,728,633 19,675,792

FY 2018 Adopted

Millage

Amount

4.7815

$845,592,790

0.5491

51,710,218

3.4581 2.0038

247,874,640 20,679,964

Aggregate

6.5957 $1,089,143,750

6.3363 $1,120,554,135

6.5925

$1,165,857,612

Property Values:
Taxable property values have been rebounding since FY 2013. Last year’s values increased 8.2%. The taxable value as of January 1, 2016 (used in calculating millage rates for FY 2018) is $176.8 billion, an increase of $11.7 billion, or 7.1% over last year’s valuation, including new construction of $2.7 billion and the revaluation of existing property. This is a new record high since the peak back in FY 2008. All property values and rollback calculations are based on the preliminary tax roll submitted by the Property Appraiser on July 1. Property values are projected to increase 5% - 7% for the next few years.

Taxable Values History (in billions)

$180

$176.8

$170 $165.1
$160 $152.7
$150 $139.6
$140 $130 $125.4 $130.3

$120 2012 2013 2014 2015 2016 2017

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