2021.07.08_FAB_Minutes_Special • TOWN OF HIGHLAND BEACH
. TOWN FINANCIAL ADVISORY BOARD
SPECIAL MEETING MINUTES
Town Hall / Commission Chambers Date: July 08, 2021
3614 South Ocean Boulevard Time: 2:00 P.M.
Highland Beach, Florida 33487
1. CALL TO ORDER
Due to the lack of a physical quorum, the Financial Advisory Board Special Meeting was
converted into a Financial Advisory Board Workshop Meeting.
Chairperson Stern called the Workshop Meeting to order at 2:09 P.M. and welcomed the
new Board members to the Financial Advisory Board.
2. PRESENT UPON ROLL CALL
Member Mitchell Pakler (virtually)
Member Peter Weiner (virtually)
Member Ronald Reame (virtually)
Member Richard Greenwald
Member David Goldberg (joined virtually at 2:14 P.M.)
Chairperson David Stern
Administrative Support Specialist Ganelle Thompson
ADDITIONAL STAFF PRESENT
Town Manager Marshall Labadie
Finance Director Matthew Lalla
ABSENT
Member John Stump
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance.
4. APPROVAL OF THE AGENDA
No motions were made to approve the agenda.
Financial Advisory Board Special Meeting Minutes Page 2 of 4
Date: July 08, 2021
5. PUBLIC COMMENT
There were no preregistered public comments.
6. APPROVAL OF MINUTES
A. March 29, 2021
Due to the lack of a physical quorum, this item was tabled.
7. UNFINISHED BUSINESS
There was no unfinished business.
8. NEW BUSINESS
A. Welcome New Board Members
David Goldberg
Mitchell Pakler
Peter Weiner
B. Nomination of Chairperson
Due to the lack of a physical quorum, this item was tabled.
C. Nomination of Vice Chairperson
Due to the lack of a physical quorum, this item was tabled.
D. Proposed Operating Budget Presentation FY 21-22 - Finance Director Lalla
Chairperson Stern read the title into record.
Town Manager Labadie introduced this item.
Finance Director Lalla presented a PowerPoint presentation of the proposed Operating
Budget for fiscal year 2021- 2022 as follows:
• FY 2022 Budget Overview
• FY 2022 Millage Rate
• Town's Taxable Assessed Value
• Town's Tax Rate
• Comparison to Other Jurisdictions; FY 2021 Millage Rates
• Impact on Homeowners
• How Our Real Estate Taxes are Divided
Financial Advisory Board Special Meeting Minutes Page 3 of 4
Date: July 08, 2021
• General Fund Revenues
• General Fund Expenditures
• Fund Balance in the General Fund
• Unassigned Fund Balance in the General Fund
• Building Special Revenue Fund
• Discretionary Sales Surtax Special Revenue Fund
• Water Enterprise Fund
• Sewer Enterprise Fund
• Monthly Water and Wastewater User Rates Remain Competitive
• Unrestricted Net Position in Enterprise Funds
• FY 2022 Capital Projects
• Major Initiatives for FY 2022
• FY 2022 Budget Calendar Events
• Fire Rescue Dept Implementation Costs
A Board discussion followed the presentation.
Finance Director Lalla proceeded the presentation with an update on the Monthly
Financial Report.
9. BOARD MEMBERS REPORT
There were no reports from the Board members.
10. ANNOUNCEMENTS
July 12, 2021 - 2:00 P.M. Charter Review Board Meeting
July 13, 2021 - 1:30 P.M. Town Commission Special Meeting
July 19, 2021 - 2.00 P.M. Charter Review Board Meeting
July 20, 2021 - 1:30 P.M. Town Commission Meeting
July 22, 2021 - 3:00 P.M. Financial Advisory Board Regular Meeting
July 27, 2021 - 2:00 P.M. Code Enforcement Board Regular Meeting
Financial Advisory Board Special Meeting Minutes Page 4 of 4
Date: July 08, 2021
11. ADJOURNMENT
The meeting was adjourned at 3:17 P.M.
APPROVED at the August 19, 2021, Financial Advisory Board Meeting.
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Transcribed by Ganelle Thompson
Administrative Support Specialist
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G& lle Thom on, Date
Adrrministrative Support Specialist
Disclaimer: Effective May 19, 2020, per Resolution No. 20-008, all meeting minutes are
transcribed as a brief summary reflecting the event of this meeting. Verbatim audio/video
recordings are permanent records and are available on the Town's Media Archives &
Minutes webpage: nttps.iihighianGceach-fi.municoaemeetings.cont: