2022.10.27_FAB_Agenda_Regular
Town of Highland Beach
Notice of Public Meeting Protocol
The Town of Highland Beach is committed to serving the needs of the public while also working to
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The following information is guidance for preregistration for Zoom or telephone participation, and
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To Join Meeting: All interested persons must preregister to participate by contacting Town Clerk
Lanelda Gaskins at publiccomments@highlandbeach.us or by calling (561) 278-4548 no later than
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Page 1
Agenda – Financial Advisory Board Regular Meeting
Thursday, October 27, 2022, 11:30 AM Page 2 of 4
Live Zoom Video Participation - If attending via Zoom online, please follow Zoom instructions
above. Once the meeting gets to the applicable public comment period, the host of the meeting
will allow public participants (audio only) into the meeting from the waiting room, to provide live
public comment.
Live Zoom Telephone Participation - If attending via Zoom by telephone, please follow the
instructions above. Once the meeting gets to the appropriate public comment period, the host of
the meeting will allow public participants into the meeting from the waiting room, to provide live
public comment.
Should you have any questions, please feel free to contact the Town Clerk’s Office at (561) 278-4548.
Published: 05.26.2021 / Updated 05.13.2022
Page 2
Agenda – Financial Advisory Board Regular Meeting
Thursday, October 27, 2022, 11:30 AM Page 3 of 4
AGENDA
FINANCIAL ADVISORY BOARD
REGULAR MEETING
Thursday, October 27, 2022 AT 11:30 AM
TOWN OF HIGHLAND BEACH, FLORIDA
3614 S. OCEAN BOULEVARD
HIGHLAND BEACH, FL 33487
Telephone: (561) 278-4548
Website: www.highlandbeach.us
TOWN HALL COMMISSION CHAMBERS
1. CALL TO ORDER
2. ROLL CALL
3. PLEDGE OF ALLEGIANCE
4. APPROVAL OF THE AGENDA
5. PUBLIC COMMENT (limited to three (3) minutes per speaker)
6. APPROVAL OF MINUTES
A. July 07, 2022
August 23, 2022
7. UNFINISHED BUSINESS
A. None
8. NEW BUSINESS
A. Third Quarter Financial Report - David DiLena, Finance Director
B. Consideration and approval of the 2023 proposed Financial Advisory Board
Meeting Schedule.
9. BOARD MEMBERS REPORT
Page 3
Agenda – Financial Advisory Board Regular Meeting
Thursday, October 27, 2022, 11:30 AM Page 4 of 4
10. ANNOUNCEMENTS
October 27, 2022 -5:00 - 7:00 P.M. Food Truck Event
November 01, 2022 -1:30 P.M. Town Commission Meeting
November 02, 2022 - 9:30 A.M. Natural Resources Preservation Advisory Board
Regular Meeting
November 09, 2022 -1:00 P.M. Code Enforcement Board Regular Meeting
November 09,2022 - 6:00 P.M. Public Meeting Accessory Marine Facility
Regulations
November 10, 2022 - 9:30 A.M. Planning Board Regular Meeting
November 10, 2022 - 6:00 P.M. Public Meeting Accessory Marine Facility
Regulations
December 07, 2022 - 6:00 P.M. Public Meeting Accessory Marine Facility
Regulations
11. ADJOURNMENT
Any person that decides to appeal any decision made by the Financial Advisory Board with respect to any matter
considered at this meeting, such person will need to ensure that a verbatim record including testimony and evidence
upon which the appeal is based. (State Law requires the above Notice. Any person desiring a verbatim transcript shall
have the responsibility, at his/her own cost, to arrange for the transcript.) The Town neither provides nor prepares such
record. There may be one or more Town Commissioners attending the meeting.
In accordance with the Americans with Disabilities Act (ADA), persons who need accommodation in order to attend or
participate in this meeting should contact Town Hall at (561) 278-4548 within a reasonable time prior to this meeting in
order to request such assistance.
Page 4
File Attachments for Item:
A. July 07, 2022
August 23, 2022
Page 5
TOWN OF HIGHLAND BEACH
TOWN FINANCIAL ADVISORY BOARD
REGULAR MEETING MINUTES
Town Hall / Commission Chambers Date: July 07, 2022
3614 South Ocean Boulevard
Highland Beach, Florida 33487
Time: 11:30 AM
1. CALL TO ORDER
Chairperson Stern called the meeting to order at 11:33 A.M.
2. ROLL CALL
Member Edward Kornfeld
Member David Goldberg
Member Mitchell Pakler
Member Richard Greenwald
Vice Chairperson Ronald Reame (joined virtually at 11:40 A.M.)
Chairperson David Stern
Town Clerk Lanelda Gaskins
ABSENT
Member Peter Weiner
ADDITIONAL STAFF PRESENT
Finance Director David DiLena
Town Manager Marshall Labadie
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance to the United State of America.
4. APPROVAL OF THE AGENDA
MOTION: Greenwald/Kornfeld - Moved to approve the agenda as presented,
which passed unanimously 5 - 0.
5. PUBLIC COMMENT
There were no public comments.
Page 6
Financial Advisory Board Regular Meeting Minutes
Date: July 07, 2022 Page 2 of 3
6. APPROVAL OF MINUTES
A. May 09, 2022
MOTION: Goldberg/Pakler - Moved to approve the minutes, which passed
unanimously 5 - 0.
7. UNFINISHED BUSINESS
A. None.
8. NEW BUSINESS
A. Nomination Chairperson and Vice Chairperson to serve one year, ending
June 07, 2023
Chairperson Stern called for a motion to continue the current Chairperson and
Vice Chairperson in their present positions.
MOTION: Goldberg/Kornfeld - Moved to nominate the two officers in their
current positions, which passed unanimously 4 to 0.
B. Proposed Operating Budget Presentation for Fiscal Year 2023 - Finance
Director DiLena
Town Manager Labadie and Finance Director DiLena presented comprehensive
PowerPoint slides highlighting the Proposed Operating Budget for Fiscal Year
2023.
Member Pakler left the meeting at 12:31 p.m.
The Board Members were satisfied with the Proposed Operating Budget as
presented.
Mayor Hillman asked the Board Members for their input on this plan. He asked,
“should we stay with the plan which basically zeros out and slightly drop off a little
bit on the millage (holding operating millage) and dropping the debt service
millage a little bit, or should we drop the operating millage rate a little bit and
pledge some reserves?”
Chairperson Stern, Members Greenwald and Kornfeld, and Vice Chairperson
Reame suggested leaving (as is) according to the plan as presented.
C. Presentation of Comprehensive Annual Financial Report for Fiscal Year
Ending September 30, 2021
Finance Director DiLena presented the Annual Financial Report.
Page 7
Financial Advisory Board Regular Meeting Minutes
Date: July 07, 2022 Page 3 of 3
9. BOARD MEMBERS REPORT
There were no reports.
10. ANNOUNCEMENTS
Chairperson Stern read the announcements as follows:
August 02, 2022 - 1:30 P.M. Town Commission Meeting
August 04, 2022 - 12:00 P.M. Town Commission Special Meeting
August 16, 2022 - 1:30 P.M. Town Commission Meeting
August 18, 2022 - 2:00 P.M. Financial Advisory Board Regular Meeting (Tentative)
11. ADJOURNMENT
The meeting adjourned at 1:05 P.M.
APPROVED at the October 27, 2022, Financial Advisory Board Regular Meeting
_________________________________
David Stern, Chairperson
ATTEST:
Transcribed by: Lanelda Gaskins and
Latonda Gillion
____________________________________ _____________________________
Ganelle Thompson, Date
Administrative 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 the meeting. Verbatim audio/video
of this meeting can be found on the town’s Media Archives & Minutes webpage:
https://highlandbeach-fl.municodemeetings.com/.
Page 8
TOWN OF HIGHLAND BEACH
TOWN FINANCIAL ADVISORY BOARD
REGULAR MEETING MINUTES
Town Hall / Commission Chambers Date: August 23, 2022
3614 South Ocean Boulevard
Highland Beach, Florida 33487
Time: 11:30 AM
1. CALL TO ORDER
Chairperson Stern called the Financial Advisory Board Workshop meeting to order
at 11:30 A.M. He explained that due to the lack of a physical quorum the board will
not make any recommendations or motions, the meeting will consist of discussion
only.
2. ROLL CALL
Member Peter Weiner (Virtually)
Member David Goldberg
Member Mitchell Pakler (Virtually)
Member Richard Greenwald
Member Edward Kornfeld (Virtually)
Vice Chairperson Ronald Reame (Virtually)
Chairperson David Stern
Administrative Support Specialist Ganelle Thompson
ADDITIONAL STAFF PRESENT
Finance Director David DiLena
Assistant Town Manager Eric Marmer
Building Official Jeff Remas
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance to the United State of America.
4. APPROVAL OF THE AGENDA
Chairperson Stern mentioned that due to the lack of a physical quorum it was not
necessary to approve the agenda.
5. PUBLIC COMMENT
Steven Parks of 4408 S Ocean Blvd was present and provided comments about the
interlocal agreement.
Page 9
Financial Advisory Board Regular Meeting Minutes
Date: August 23, 2022 Page 2 of 4
Jack Halpern of 4511 S Ocean Blvd provided comments about the interlocal
agreement.
Commissioner John Shoemaker provided comments about the interlocal agreement.
6. APPROVAL OF MINUTES
A. July 07, 2022
The July 07, 2022 minutes have been tabled and will be added to the next
meeting agenda.
7. UNFINISHED BUSINESS
8. NEW BUSINESS
A. Interlocal Agreement between the Town of Highland Beach and the Town
of Gulf Stream for Building Department services
Chairperson Stern read the title of item 8A.
Building Official Jeff Remas presented a PowerPoint Presentation explaining the
proposed Interlocal Agreement between the Town of Highland Beach and the
Town of Gulf Stream for Building Department code services.
Finance Director DiLena provided financial information concerning the interlocal
agreement.
Town Manager Labadie provided additional comments about improving service
with the addition of the interlocal agreement.
At the conclusion of the presentation, a discussion took place in which the
majority of the Board Members expressed agreement with the interlocal
agreement. Chairperson Stern asked if long-term financial impact was looked at.
Finance Director DiLena responded with an explanation of why it was not
necessary to do more than a year study.
Member Goldberg was not one hundred percent on board with the agreement but
mentioned if the Town could find a way to use the $200,000 profit from the
agreement with Gulfstream that it might be a good compromise.
The Board Members discussed how this agreement will positivity impact the level
of service that residence of Highland Beach receive.
The Board Members discussed the possibility of increasing the liability insurance
and passing the increase in premium cost over to Gulf Stream to pay. Finance
Director DiLena mentioned that this was something that could be done.
B. Year-to-date Financial Report
Page 10
Financial Advisory Board Regular Meeting Minutes
Date: August 23, 2022 Page 3 of 4
Finance Director DiLena presented the year-to-date financial report.
C. FY 2023 Employee Health Insurance Renewal
Assistant Town Manager Eric Marmer provided information on the FY 2023
Employee Health Insurance Renewal. Member Peter Weiner asked about a new
federal law in place to lower premiums. Town Manager Marshall Labadie
responded that he would get clarification and send a formal response.
Finance Director DiLena provided a PowerPoint Presentation on the Preliminary
FY 2023 Budget increases.
9. BOARD MEMBERS REPORT
There were no Board Member reports.
10. ANNOUNCEMENTS
August 25, 2022 - 12:00 P.M. Town Commission Special Meeting
September 05, 2022 - Town Hall Closed in Observance of Labor Day
September 06, 2022 - 1:30 P.M. Town Commission Meeting
September 06, 2022 - 5:01 P.M. Town Commission Special First Public Hearing
Budget Meeting
September 08, 2022 - 9:30 A.M. Planning Board Regular Meeting
September 13, 2022 - 1:00 P.M. Code Enforcement Board Regular Meeting
September 21, 2022 - 5:01 P.M. Town Commission Special Second Public Hearing
Budget Meeting
Page 11
Financial Advisory Board Regular Meeting Minutes
Date: August 23, 2022 Page 4 of 4
11. ADJOURNMENT
The meeting adjourned at 1:12 P.M.
APPROVED at the October 27, 2022, Financial Advisory Board Regular Meeting
_________________________________
David Stern, Chairperson
ATTEST:
Transcribed by: Ganelle Thompson
____________________________________ _____________________________
Ganelle Thompson, Date
Administrative 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 the meeting. Verbatim audio/video
of this meeting can be found on the town’s Media Archives & Minutes webp age:
https://highlandbeach-fl.municodemeetings.com/.
Page 12
File Attachments for Item:
A. Third Quarter Financial Report - David DiLena, Finance Director
Page 13
100%
Budget To Actuals Up To
Line No Budget Sept 31, 2022 Sept 31, 2022 $ Var % Var Notes
1 General Fund
2 Ad Valorem Rev 9,580,365$ 9,580,365$ 9,623,432$ 43,067$ 0.4%
3 Intergovt Rev 441,900 441,900 534,362 92,462 21%Strong FL Economy
4 Franch & Comm Tax Rev 1,026,000 1,026,000 991,389 (34,611) -3%Gap will close by year end
5 Charges for Service 590,000 590,000 624,271 34,271 6%Gap will close by year end
6 Fines & Forfeitures 10,700 10,700 6,577 (4,123) -39%High budget number
7 Interest Rev 82,500 82,500 6,682 (75,818) -92%Reduced Investment activity
8 Rent & Misc Rev 869,000 869,000 945,326 76,326 9%Low budget number
9 Other Sources - - 52,100 52,100 100%Loan Proceeds to Cover Closing Cost
10 Reserves 642,908 - - - 0%NO Reserves Needed
11 Sub-Total 13,243,373 12,600,465 12,784,139 183,674 1%
12 Disc Sales Tax Fud 525,000 525,000 314,584 (210,416) -40%Defer Proj to FY23
13 Building Fund 1,391,204 1,391,204 1,744,631 353,427 25%Community continues to renovate
14 Water Fund 4,757,635 4,757,635 4,383,390 (374,245) -8%Less consumption then budgeted
15 Sewer Fund 2,139,675 2,139,675 2,065,571 (74,104) -3%Reduced consumption
16 Sub-Total 8,813,514 8,813,514 8,508,176 (305,338) -3%
17 Total 22,056,887$ 21,413,979$ 21,292,315$ (121,664)$ -1%
Budget To Actuals Up To
Line No Fund/Dept Budget Sept 31, 2022 Sept 31, 2022 $ Var % Var
18 General Fund 13,316,719$ 13,316,719$ 12,678,923$ (637,796)$ -5%
19 Town Commission 197,525 197,525 172,482 (25,043) -13%
20 Town Manager 642,250 642,250 555,465 (86,785) -14%Position Shifts
21 Town Clerk 480,216 480,216 377,863 (102,353) -21%Open Positions
22 Finance 569,333 569,333 513,601 (55,732) -10%Lower Software Cost than Budget
23 Legal 185,000 185,000 110,134 (74,866) -40%Use of less legal service
24 Public Works 334,913 334,913 284,808 (50,105) -15%Lower expenses than budgeted
25 Post Office 133,050 133,050 113,697 (19,353) -15%Lower expenses than budgeted
26 Shared Support 443,690 443,690 456,268 12,578 3%Slightly higer shared exp
27 Police 2,897,992 2,897,992 2,637,869 (260,123) -9%Open Positions
28 Fire Rescue 5,425,325 5,425,325 5,542,248 116,923 2%Low budget number
29 Solid Waste 488,180 488,180 411,165 (77,015) -16%Lower expenses than budgeted
30 Library 424,800 424,800 408,886 (15,914) -4%Lower expenses than budgeted
31 Transfers Out 1,094,445 1,094,445 1,094,436 (9) 0%
32 Sub-Total 13,316,719 13,316,719 12,678,923 (637,796) -5%
33 Discretionary Sales Tax Fund 595,119 595,119 268,762 (326,357) -55%Defer Proj to FY23
34 Building Fund 1,406,159 1,406,159 1,281,603 (124,556) -9%Lower expenses than budgeted
35 Water Fund 4,926,197 4,926,197 4,155,761 (770,437) -16%Reduced Capital Proj Expenditures
36 Sewer Fund 2,206,523 2,206,523 1,376,269 (830,254) -38%Reduced Capital Proj Expenditures
37 Sub-Total 9,133,999 9,133,999 7,082,394 (2,051,604) -22%
38 Total 22,450,718$ 22,450,718$ 19,761,317$ (2,689,400) -12%
1,530,998$
Budget vs Actuals
BUDGET TO ACTUALS
TOWN OF HIGHLAND BEACH FLORIDA BUDGET vs REVENUE & EXPENDITURE REPORT
Expenditures
Revenues
Budget vs Actuals
Fund/Dept
Page 14
Line No Estimated Revenues General Fund
Disc Sales
Tax Building Fund Water Fund Sewer Fund Total
1 Taxes:
2 Ad Valorem 9,624,050$ 9,624,050$
3 Franchise/Comm Taxes 991,389 991,389
4 Intergovernmental 534,362 314,360 848,722
5 Charges for Service 630,848 1,688,589 2,834,379 1,370,646 6,524,463
6 Miscellaneous Revenues
7 Interest Earned 6,065 224 1,046 2,330 1,494 11,158
8 Other 133,468 133,468
9 Rents & Leases 76,858 76,858
10 Total Revenues 11,997,039$ 314,584$ 1,689,635$ 2,836,709$ 1,372,140$ 18,210,107$
11 Other Resources:
12 ARPA - - - 287,241 693,431 980,672
13 Inter-Fund Transfers - IN 735,000 - 54,996 1,259,440 - 2,049,436
14 Debt Proceeds 52,100 - 52,100
15 Appropriated use of Reserves - - - - - -
16 Total Sources 12,784,139$ 314,584$ 1,744,631$ 4,383,390$ 2,065,571$ 21,292,315$
- - - - - -
Expenditures, Uses
17 General Government 2,710,675$ 2,710,675$
18 Public Safety 8,127,494 1,028,060 9,155,553
19 Culture / Recreation 408,886 408,886
20 Public Works 284,808 284,808
21 Enterprise Funds (Utilities)- 1,879,851 1,067,804 2,947,655
22 Capital Outlay 268,762 68,543 191,114 88,465 616,884
23 Debt Service - - - 1,534,796 - 1,534,796
24 Total Expenditures 11,531,863$ 268,762$ 1,096,603$ 3,605,761$ 1,156,269$ 17,659,257$
25 Other Uses
26 Debt Service 52,624 - - - - 52,624
27 Inter-Fund Transfers - OUT 1,094,436 - 185,000 550,000 220,000 2,049,436
28 Total Approptiated Expenditures & Uses 12,678,923$ 268,762$ 1,281,603$ 4,155,761$ 1,376,269$ 19,761,317$
29 Net 105,216$ 45,822$ 463,029$ 227,629$ 689,302$ 1,530,998$
- - - - - -
From To Amount
30 Building Fund General Fund 185,000 Cover OH Allocation
31 Water Fund General Fund 550,000 Cover OH Allocation
32 735,000
33 Sewer Fund Water Fund 220,000 Cover Water Dept portion of Sewer Activity
34 General Fund Water Fund 1,039,440 Debt Service in Ad Valorem Taxs
35 1,259,440
36 General Fund Building Fund 54,996 Building Dept Portion of Zoning & Review Activity
37 Total Transfers 2,049,436
ACTUALS BY FUND
TOWN OF HIGHLAND BEACH FLORIDA ALL FUNDS SUMMARY REPORT FOR SEPTEMBER 30, 2022
Page 15
Description General Building Non-Major Water Sewer Total
Beginning Balance 10,587,578$ 1,571,329$ 621,603$ 3,386,184$ 2,654,554$ 18,821,248$
Projected
Increase/(Decrease)105,216 463,029 45,822 227,629 689,302 1,530,998
Ending Balance 10,692,794 2,034,358 667,425 3,613,813 3,343,856 20,352,246
Restrictiion
Budget Stabilization 2,043,458 234,829 99,385 822,675 368,489 3,568,836
Disaster Recovery 2,043,458 234,829 99,385 822,675 368,489 3,568,836
Debt Service - - - 388,643 - 388,643
Fire Rescue 4,000,000 - - - - 4,000,000
Total Restricted 8,086,916 469,657 198,770 2,033,993 736,979 11,526,314
% Restricted 76%23%30%56%22%57%
Total Unrestricted 2,605,878 1,564,701 468,655 1,579,820 2,606,877 8,825,932
% Unrestricted 24%77%70%44%78%43%
Total Restr/Unrestr 10,692,794$ 2,034,358$ 667,425$ 3,613,813$ 3,343,856$ 20,352,246$
Fund Balance / Net Position
Page 16
General Fund Revenue
While the Finance &
Accounting Department of
the Town of Highland Beach
wraps up the fiscal year 2022,
we can start reporting some
final (unaudited) figures. Ad
Valorem Tax Revenue
continues to represent 80% of
the overall General Fund
Revenues (excluding
transfers), followed by
Franchise & Communication
Tax Revenue at 8%, Charges
for Services (Garbage, Lien
Search, and related charges)
at 5%, and Intergovernmental
Revenues (Based on the
overall health of Florida
Economy) at 4%. Other
revenues, including Miscellaneous and Inter-Fund Transfers, represent 8% of the overall General Fund revenue
sources.
General Fund Revenue vs Budget
General Fund Revenue
exceeded the budget by
$131,574 (excluding other
financing sources).
Intergovernmental
Revenues exceeded our
budget estimate by $92,462
primarily due to the
continued health and
strength of the Florida
economy. Ad Valorem Tax
Revenue and Charges for
Services (Garbage & Lien
related activities) exceeded
our budget estimates by a
combined $77,338.
Miscellaneous, Franchise,
and Communication Tax
Revenues ended the fiscal
year slightly under budget by
($38,226).
Page 17
General Fund Expenditure
General Fund
Expenditure (Excluding
Transfers) totaled $11.5
million for FY2022
(Unaudited) as compared
to the prior year of $11.2
million or an increase of
2.6% which was
attributed to an overall
price and general
contract increases
throughout the year.
Public Safety (Police and Fire Departments) continues
to represent 70% of the total General Fund
expenditures and General Government expenditures
(Town Commission, Town Manager, Finance, Town
Clerk, Legal, Post Office, Shared Support, and Solid
Waste) range from 22% to 24% for FY2022 as
compared to the prior year.
The breakdown of General Fund Expenditures
between Salaries & Benefits, Operations, and
Capital remained relatively consistent. Operational
expenses (Insurance, Supplies, Materials, etc)
ranged from 63% to 64%, Salaries & Benefits from
34% to 36%, and capital expenditures ranged from
1% to 2% of the total General Fund Expenditures
compared to the prior year.
Page 18
General Fund Expenditure vs Budget
General Fund
expenditures are
under budget by
$637,788 for
FY2022
(Unaudited). Most
departments
operated below or
within the budget
except for Fire
Rescue and Shared
Support Services.
Increases in the
contract with
Delray Beach for Fire related services were below the budgeted need for this line item and the hiring of the new
Fire Chief at the beginning of September was not budgeted and therefore caused this department to exceed the
budget. Shared Support Services was slightly over budget for Utility Services relating to the internal Water and
Sewer Expenditures not included within the budget.
(Remainder of the page is blank)
Page 19
Building, Water & Sewer Fund Revenue
• Building Fund revenue continues to grow as improvements across the town continue to pick up the
pace. Based on an Average Annual Growth Rate, Building Fund revenues (excluding any transfers in)
have grown at a rate of 22% since FY2019
• Water Fund revenues (excluding any transfers in or ARPA Funds) have grown at a rate of 11% since
FY2019 primarily due to rate increases as recommended by rate consultants to keep up with the rate
of inflation and customer demand.
• Sewer Fund revenues (excluding any transfers in or ARPA Funds) have grown at a rate of 7% since
FY2019 primarily due to rate increases as recommended by rate consultants to keep up with the rate
of inflation and customer demand.
Building, Water & Sewer Fund Revenue vs Budget
The Building Fund continues to
exceed budgeted revenue
estimates due to the continued
improvements across the town.
September was a record month in
terms of revenues with the addition
of the Gulf Stream ILA. The Water
and Sewer Funds revenues as
compared to the budget finalized
below budget estimates, but we are
closing the gap with the approved
rate increases in October of 10%
and 12% respectively.
Page 20
Building, Water & Sewer Fund Expenditure
Total Other Fund Expenditure
(Excluding Transfers out) totaled $5.9
million for FY2022 (Unaudited) as
compared to the prior year of $6.2
million or a decrease of 6.1% primarily
as a result of reduced capital
expenditures during FY2022.
Operational expenses (Insurance, Supplies, Materials,
etc) continue to represent 40% of expenses followed by
Salaries & Benefits representing 28% of expenditures
mainly driven by the Water Funds 24 hours 7days per
week of operational monitoring by staff. Debt Service
remains constant and is projected to decrease by $369K
in FY2024
Building, Water & Sewer Fund Expenditure vs Budget
Building, Water & Sewer Funds
settled below the budget
limitations as of September 2022.
The funds were under budget by
$124,556, $770,437 and $830,254
respectively. The Water and
Sewer Funds were below our
budget estimates primarily due to
reduced capital projects activity
during the fiscal year.
Page 21
File Attachments for Item:
B. Consideration and approval of the 2023 proposed Financial Advisory Board Meeting
Schedule.
Page 22
TOWN OF HIGHLAND BEACH
AGENDA MEMORANDUM
MEETING TYPE: Financial Advisory Regular Meeting
MEETING DATE 10/27/2022
SUBMITTED BY: Jaclyn DeHart, Administrative Support Specialist
SUBJECT: 2023 PROPOSED FINANCIAL ADVISORY BOARD MEETING DATES
SUMMARY:
This item is before the Financial Board members to discuss the below 2023 proposed meeting
dates, which will be held on the fourth Thursday of each quarter at 11:30 A.M.
The meeting dates are as follows:
FINANCIAL ADVISORY BOARD MEETING DATES
January 26, 2023
April 27, 2023
May 25, 2023, (Organizational Meeting)
July 27, 2023
October 26, 2023
FISCAL IMPACT:
N/A
ATTACHMENTS:
N/A
RECOMMENDATION:
Staff recommends approval of the proposed 2023 Financial Advisory Board meeting dates.
Page 23