2023.12.07_FAB_Agenda_RegularAGENDA
FINANCIAL ADVISORY BOARD
REGULAR MEETING
Thursday, December 07, 2023 AT 9:30 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. October 27, 2022
January 26, 2023
July 27, 2023
7. UNFINISHED BUSINESS
A. None.
8. NEW BUSINESS
A. Revenue and Expenditure Report Year End FY2023 - David DiLena, Finance
Director.
B. Consideration and approval of the 2024 proposed Financial Advisory Board
Meeting Schedule.
C. Nomination Chairperson and Vice Chairperson, term ending April 26, 2024.
Page 1
Agenda – Financial Advisory Board Regular Meeting
Thursday, December 07, 2023, 9:30 AM Page 2 of 2
9. BOARD MEMBERS REPORT
10. ANNOUNCEMENTS
December 07, 2023 5:30 P.M. -
7:30 P.M.
Mingle and Jingle Holiday Event at St. Lucy
Catholic Church
December 12, 2023 1:00 P.M. Code Enforcement Board Meeting
December 14, 2023 9:30 A.M. Planning Board Meeting
11. ADJOURNMENT
Any person that decides to appeal any decision made by the Board of Adjustment & Appeals 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 2
File Attachments for Item:
A. October 27, 2022
January 26, 2023
July 27, 2023
Page 3
TOWN OF HIGHLAND BEACH
FINANCIAL ADVISORY BOARD REGULAR
MEETING MINUTES
Town Hall / Commission Chambers Date: October 27, 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 11:30 A.M.
2. ROLL CALL
PRESENT
Board Member Edward Kornfeld
Board Member David Goldberg
Board Member Mitchell Pakler (virtually)
Board Member Peter Weiner (virtually)
Board Member Richard Greenwald
Vice Chairperson Ronald Reame (virtually)
Chairperson David Stern
Administrative Support Specialist Jaclyn DeHart
Additional Staff Present
Finance Director David DiLena
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance to the United States of America.
4. APPROVAL OF THE AGENDA
Motion: Greenwald/ Reame - Moved to approve the agenda as presented, which
passed unanimously 7 to 0.
5. PUBLIC COMMENT
There were no public comments.
6. APPROVAL OF MINUTES
A. July 07, 2022
Page 4
Financial Advisory Board Regular Meeting Minutes
Date: October 27, 2022 Page 2 of 4
August 23, 2022
Motion: Greenwald/ Kornfeld - Moved to approve the minutes of July 07,
2022, and August 23, 2022, which passed unanimously 7 to 0.
7. UNFINISHED BUSINESS
A. None
8. NEW BUSINESS
A. Third Quarter Financial Report - David DiLena, Finance Director
Finance Director DiLena presented the third quarter financial report.
The Board Members discussed the changing costs of the budget for building the
new Fire Station, contingency plans for gaining more funding, and inflation costs.
Member Goldberg called for a motion to have an updated fire rescue budget for
the next meeting.
Motion: Goldberg/Greenwald - Moved to have an updated fire rescue budget
for the next meeting, which passed unanimously on a 7 to 0 vote.
Member Goldberg spoke about the water award won by The Town of Highland
Beach, and he encouraged the other board members to take a tour of the water
treatment plant.
Chairperson Stern asked about the rising interest rates and how that relates to
the Town’s investment funds. Finance Director DiLena said it could be looked at
during the next meeting to give more insight.
B. Consideration and approval of the 2023 proposed Financial Advisory Board
Meeting Schedule.
Motion: Greenwald/Goldberg - Moved to accept the meeting dates which
passed unanimously 7 to 0.
9. BOARD MEMBERS REPORT
Member Goldberg announced that he has resigned from the Board and would be
leaving in the new year.
Chairperson Stern announced that his term as member of the Financial Advisory
Board would expire as of April 2023.
Page 5
Financial Advisory Board Regular Meeting Minutes
Date: October 27, 2022 Page 3 of 4
10. ANNOUNCEMENTS
Commissioner Stern read the announcements as follows.
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
The meeting adjourned at 12:23 P.M.
Page 6
Financial Advisory Board Regular Meeting Minutes
Date: October 27, 2022 Page 4 of 4
APPROVED at the December 07, 2023, Financial Advisory Board Regular Meeting
_________________________________
Ronald Reame, Vice-Chairperson
ATTEST:
Transcribed by: Jaclyn DeHart
____________________________________ _____________________________
Jaclyn DeHart, Date
Deputy Town Clerk
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 7
TOWN OF HIGHLAND BEACH
TOWN FINANCIAL ADVISORY BOARD
REGULAR MEETING MINUTES
Town Hall / Commission Chambers Date: January 26, 2023
3614 South Ocean Boulevard
Highland Beach, Florida 33487
Time: 11:30 AM
1. CALL TO ORDER
Vice-Chairperson Reame called the meeting to order at 11:30 A.M. He explained
that due to the lack of the physical quorum the board will not make any
recommendations or motions, the meeting will consist of discussion only.
2. ROLL CALL
PRESENT
Board Member David Goldberg
Board Member Richard Greenwald
Board Member Edward Kornfeld (virtually)
Vice-Chairperson Ronald Reame
Administrative Support Specialist Jaclyn DeHart
ABSENT
Board Member Mitchell Pakler
Board Member Peter Weiner
Addition Staff Present
Finance Director David DiLena
3. PLEDGE OF ALLEGIANCE
The Board Members led the Pledge of Allegiance to the United States of America.
4. APPROVAL OF THE AGENDA
No motions were made to approve the agenda.
5. PUBLIC COMMENT
There were no public comments.
6. APPROVAL OF MINUTES
Page 8
Financial Advisory Board Regular Meeting Minutes Date: January 26, 2023
Page 2 of 3
A. October 27, 2022
The October 27,2022 minutes have been tabled and will be added to the next
meeting agenda.
7. UNFINISHED BUSINESS
None.
8. NEW BUSINESS
A. Nomination of Chairperson and Vice Chairperson, term ending in May
2024
Due to the lack of a physical quorum, this item was tabled and will be added to
the next meeting agenda.
B. First Quarter Financial Report - David DiLena, Finance Director
Vice-Chairperson Reame read the title into record.
David DiLena introduced this item. He reviewed FY2022 financial report. He
reviewed the first quarter financial report for FY2023.
C. Water and Sewer 10/1/2023 Billing Rate Review - Vice Mayor Natasha
Moore
Vice-Chairperson Reame read the title into record.
Vice Mayor Moore introduced the item and showed a PowerPoint presentation.
During the presentation there was discussion about the rate changes for water
and sewer.
D. Update on Fire Rescue Budget- David DiLena, Finance Director
Finance Director David DiLena gave an update on the status of the Fire Rescue
Budget.
9. BOARD MEMBERS REPORT
There were no Board Member reports.
10. ANNOUNCEMENTS
Vice-Chairperson Reame read the announcements as follows:
January 31, 2023 1:30 P.M. Town Commission Special Meeting
Page 9
Financial Advisory Board Regular Meeting Minutes Date: January 26, 2023
Page 3 of 3
February 01, 2023 10:00 A.M. Natural Resources Preservation
Advisory Board Regular Meeting
February 07, 2023 1:30 P.M. Town Commission Meeting
February 09, 2023 9:30 A.M. Planning Board Regular Meeting
February 14, 2023 1:00 P.M. Code Enforcement Board Regular
Meeting
February 20, 2023 Town Hall closed in observance of
Presidents Day
February 21, 2023 1:30 P.M. Town Commission Meeting
11. ADJOURNMENT
The meeting adjourned at 12:48 P.M.
APPROVED at the December 07, 2023, Financial Advisory Board Regular Meeting
_________________________________
Ronald Reame, Vice-Chairperson
ATTEST:
Transcribed by: Jaclyn DeHart
____________________________________ _____________________________
Jaclyn DeHart, Date
Deputy Town Clerk
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 10
TOWN OF HIGHLAND BEACH
TOWN FINANCIAL ADVISORY BOARD
REGULAR MEETING MINUTES
Library Community Room
3614 South Ocean Boulevard
Highland Beach, Florida 33487
Date: July 27, 2023
Time: 11:30 AM
1. CALL TO ORDER
Board Member Greenwald called the meeting to at t 11:30 A.M.
Due to a lack of a physical quorum, the Board could not make official motions or
recommendations. Item 6.A., Approval of Minutes, and Item 8.B., Nomination
Chairperson and Vice Chairperson will be placed on the next meeting agenda for
approval.
2. ROLL CALL
PRESENT
Board Member Mark Zarrilli
Board Member Edward Kornfeld
Board Member Mitchell Pakler (Joined via Zoom)
Board Member Richard Greenwald
Town Clerk Lanelda Gaskins
ABSENT
Board Member John Verdile
Board Member Peter Weiner
Chairperson Ron Reame
Additional Staff Present
Finance Director David DiLena
Human Resources Director/Risk Manager Eric Marmer
Town Manager Labadie
3. PLEDGE OF ALLEGIANCE
The Board led the Pledge of Allegiance to the United States of America.
Board Member Pakler inquired about the nomination of Chairperson or Vice
Chairperson as it relates to interested individuals. There were conversations about
the process pertaining to the sitting board members nominating board members as
Chairperson and Vice Chairperson.
Page 11
Financial Advisory Board Regular Meeting Minutes
Date: July 27, 2023 Page 2 of 4
4. APPROVAL OF THE AGENDA
No Motions were made to approve the agenda.
5. PUBLIC COMMENT
There were no public comments.
6. APPROVAL OF MINUTES
A. October 27, 2022
January 26, 2023
The October 27, 2022 and January 26, 2023 minutes have been tabled and will
be added to the next meeting agenda.
7. UNFINISHED BUSINESS
None.
8. NEW BUSINESS
A. Welcome to New Board Members
Mark Zarrilli
John Verdile
B. Nomination Chairperson and Vice Chairperson, term ending April 26,
2024.
Due to the lack of a physical quorum, this item was tabled and will be added to
the next meeting agenda.
C. Consider recommendation to approve the New Purchase Policy and
Proposed Ordinance.
Eric Marmer, Human Resources/Risk Management Director presented the
proposed changes to the New Purchase Policy. The proposed revisions will
help enhance efficiency and accountability in the purchasing process as well as
promote fair competition among suppliers. Additionally, the purchasing limits will
be revised as follows: Purchases under $10,000 will require one written quote;
Purchases from $10,001 to $50,000 will require three written quotes, and
Purchases over $50,001 and over will require competitive solicitation such as
sealed bids or proposals.
There were discussions concerning quotes and purchasing limits.
Page 12
Financial Advisory Board Regular Meeting Minutes
Date: July 27, 2023 Page 3 of 4
D. Proposed Operating Budget Presentation for Fiscal Year 2024 - Finance
Director DiLena
Town Manager Labadie commented that the Town's budget is in good
condition. Next year there will be a significant increase in the budget because of
the Fire Rescue Department.
Chairperson Reame joined the meeting at 12:12 P.M. via Zoom. Mr. Reame left
the meeting at 12:47 P.M.
David DiLena, Finance Director presented an overview of the Preliminary Fiscal
Year 2024 Operating Budget.
Board Member Zarilli left the dais at 12:35 P.M.
Member Greenwald commended Town staff for a great budget presentation.
E. Presentation of Comprehensive Annual Financial Report for Fiscal Year
Ending September 30, 2022
Finance Director DiLena provided a PowerPoint presentation of the
Comprehensive Annual Financial Report for the Fiscal Year Ending September
30, 2023.
F. Year-to-date Financial Report
Mr. DiLena presented and spoke standard budget to actual report pertaining to
budget versus revenue and expenditure report through June 20, 2023.
Board Member Greenwald inquired about the health insurance data. Town
Manager Labadie mentioned staff anticipate receiving the health insurance data
tomorrow. There were conversations about quality health insurance.
9. BOARD MEMBERS REPORT
Board Members Greenwald and Kornfeld had nothing to report.
10. ANNOUNCEMENTS
There were no announcements made.
Page 13
Financial Advisory Board Regular Meeting Minutes
Date: July 27, 2023 Page 4 of 4
11. ADJOURNMENT
The meeting adjourned at 1:15 P.M.
APPROVED at the December 07, 2023, Financial Advisory Board Regular Meeting
_________________________________
Ronald Reame, Vice-Chairperson
ATTEST: Transcribed by: Jaclyn DeHart and Lanelda Gaskins
____________________________________ _____________________________
Jaclyn DeHart, Date
Deputy Town Clerk
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 14
File Attachments for Item:
A. Revenue and Expenditure Report Year End FY2023 - David DiLena, Finance Director
Page 15
100%
Budget To Actuals Up To
Line No Budget Sept, 2023 Sept, 2023 $ Var % Var Notes
1 General Fund
2 Property Taxes 10,774,296$ 10,774,296$ 10,844,053$ 69,757$ 1%
3 Franchise Fees 706,000 706,000 602,809 (103,191) -15%
4 Sales & Use Tax 240,000 240,000 508,860 268,860 112%
5 Inter-Governmental 561,449 561,449 646,312 84,863 15%
6 Total Tax Revenue 12,281,745 12,281,745 12,602,034 320,289 3%
7 Misc Revenue 5,500 5,500 29,026 23,526 428%
8 Charges for Service 662,000 662,000 821,489 159,489 24%
9 Investment Earnings 80,500 80,500 343,555 263,055 327%Investment continue to do well
10 Fines & Forfeitures 5,500 5,500 50,842 45,342 824%
11 Rents & Leases 75,000 75,000 80,003 5,003 7%
12 Total Misc Revenue 828,500 828,500 1,324,915 496,415 60%
13 Grants 19,230 19,230 21,012 1,782 9%
14 Intra-Governmental 900,000 900,000 900,004 4 0%
15 Other Sources 3,000 3,000 11,047 8,047 268%
16 Reserves 6,701,481 6,701,481 6,238,858 (462,623) -7%
17 Other Revenue 7,623,711 7,623,711 7,170,922 (452,789) -6%
18 General Fund-Total 20,733,956 20,733,956 21,097,871 363,915 2%Overall GF Revene 2% > budget
19 PY Enc Rollforward 363,066 363,066 - (363,066) -100%
20 Disc Sales Tax Fud 430,000 430,000 438,435 8,435 2%
21 Building Fund 1,823,434 1,823,434 2,528,153 704,719 39%Continues to benefit from GS
22 Water Fund 4,843,140 4,843,140 4,798,429 (44,711) -1%
23 Sewer Fund 1,782,692 1,782,692 1,737,271 (45,421) -3%
24 Other Funds-Total 9,242,332 9,242,332 9,502,289 259,957 3%
25 Total 29,976,288$ 29,976,288$ 30,600,159$ 623,871$ 2%Total Sources of Funds 2% > budget
Budget To Actuals Up To Budget vs Actuals
Line No Fund/Dept Budget Sept, 2023 Sept, 2023 $ Var % Var
26 General Fund 20,656,123$ 20,656,123$ 18,951,447$ (1,704,676)$ -8%GF Expenditures lower then budget
27 Town Commission 213,646 213,646 207,888 (5,758) -3%
28 Town Manager 563,537 563,537 552,261 (11,276) -2%
29 Town Clerk 431,999 431,999 357,433 (74,566) -17%
30 Finance 624,815 624,815 573,385 (51,430) -8%
31 Legal 146,347 146,347 93,973 (52,374) -36%
32 Public Works 398,310 398,310 339,189 (59,120) -15%
33 Post Office 156,972 156,972 128,395 (28,577) -18%
34 Shared Support 696,250 696,250 712,545 16,295 2%
35 Police 3,046,124 3,046,124 3,008,950 (37,175) -1%
36 Fire Rescue 12,417,077 12,417,077 10,901,155 (1,515,922) -12%Est Expenditures pushed into next yr
37 Solid Waste 500,535 500,535 635,366 134,831 27%Incr in solid wast contract
38 Library 459,992 459,992 440,390 (19,602) -4%
39 Other Uses (Contg)- - - - 0%
40 Transfers Out 1,000,519 1,000,519 1,000,516 (3) 0%
41 General Fund-Total 20,656,123 20,656,123 18,951,447 (1,704,676) -8%
42 Discretionary Sales Tax Fund 507,834 507,834 150,668 (357,166) -70%Cap proj pushed into next year
43 Building Fund 1,874,515 1,874,515 1,616,470 (258,045) -14%
44 Water Fund 5,061,214 5,061,214 4,798,429 (262,785) -5%Cap proj pushed into next year
45 Sewer Fund 1,876,603 1,876,603 1,363,074 (513,529) -27%Cap proj pushed into next year
46 Other Funds-Total 9,320,166 9,320,166 7,928,641 (1,391,525) -15%
47 Total 29,976,289$ 29,976,289$ 26,880,088$ (3,096,201) -10%
47 (0) (0) 3,720,072$
BUDGET TO ACTUALS
TOWN OF HIGHLAND BEACH FLORIDA BUDGET vs REVENUE & EXPENDITURE REPORT
Revenues
Budget vs Actuals
Fund/Dept
Expenditures
Page 16
Line No Estimated Revenues General Fund
Disc Sales
Tax Building Fund Water Fund Sewer Fund Total
1 Taxes:
2 Property Taxes 10,844,053$ -$ -$ -$ -$ 10,844,053$
3 Franchise Fees 602,809 - - - - 602,809
4 Sales & Use Tax 508,860 422,736 - - - 931,596
5 Inter-Governmental 646,312 - - - - 646,312
6 Miscellaneous Revenues
7 Misc Revenue 29,026 - - - - 29,026
8 Charges for Service 821,489 - 2,354,211 3,029,924 1,635,285 7,840,910
9 Investment Earnings 343,555 15,699 73,065 137,456 101,985 671,761
10 Fines & Forfeitures 50,842 - 45,880 - - 96,722
11 Rents & Leases 80,003 - -- - 80,003
12 Total Revenues 13,926,949$ 438,435$ 2,473,156$ 3,167,380$ 1,737,271$ 21,743,191$
13 Other Resources:
14 Grants 21,012 - - - - 21,012
15 Intra-Governmental 900,004 - 54,997 1,165,519 - 2,120,520
16 Other Sources 11,047 - -5,186 - 16,233
17 Reserves 6,238,858 - -460,345 - 6,699,203
18 Total Sources 21,097,871$ 438,435$ 2,528,153$ 4,798,429$ 1,737,271$ 30,600,159$
- - - - - -
Expenditures, Uses
19 General Government 2,431,888$ 2,431,888$
20 Public Safety 9,242,779 1,219,055 10,461,835
21 Culture / Recreation 440,390 440,390
22 Public Works 337,073 337,073
23 Sanitation / Solid Waste 635,366 635,366
24 Post Office 128,395 128,395
25 Enterprise Funds (Utilities)2,268,414 1,048,469 3,316,883
26 Capital Outlay 4,735,025 150,668 47,410 430,823 94,605 5,458,531
27 Total Expenditures 17,950,916$ 150,668$ 1,266,466$ 2,699,237$ 1,143,074$ 23,210,361$
28
29 Other Uses
30 Debt Service 14 - - 1,549,192 - 1,549,206
31 Transfers 1,000,516 - 350,004 550,000 220,000 2,120,520
32 Total Expenditures & Other Uses 18,951,447$ 150,668$ 1,616,470$ 4,798,429$ 1,363,074$ 26,880,088$
33 Net 2,146,424$ 287,767$ 911,684$ 0$ 374,197$ 3,720,072$
- - - - - -
From To Amount
35 Building Fund General Fund 350,004 Cover OH Allocation
35 Water Fund General Fund 550,000 Cover OH Allocation
36 900,004
37 Sewer Fund Water Fund 220,000 Cover Water Dept portion of Sewer Activity
38 General Fund Water Fund 945,519 Debt Service in Ad Valorem Taxs
39 1,165,519
40 General Fund Building Fund 54,997 Building Dept Portion of Zoning & Review Activity
41 Total Transfers 2,120,520
-
ACTUALS BY FUND
TOWN OF HIGHLAND BEACH FLORIDA ALL FUNDS SUMMARY REPORT FOR September, 2023
Page 17
E�
County vs Delray vs Highland Beach Fire/Rescue
Established
Millage Assessed Values Estimated Cost
County Fire/Rescue 3.4581 $ 3,540,688,114 $ 12,244,054
Delray FY2025 $ 7,538,273
HB FY2025 $ 5,420,726
Estimated Cost For FY2025
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000 $12,244,054
$4,000,000
i
$2,000,000
County Fire/Rescue Delray FY2025 HB FY2025
- re e�s Gc..ce�
r
EXPENDITURE REPORT FOR TOWN OF HIGHLAND BEACH
BALANCE BALANCE BALANCE BALANCE Fire/Rescue Project
AS OF AS OF AS OF AS OF Spent on Balance
GL NUMBER DESCRIPTION 09/30/2021 09/30/2022 09/30/2023 09/30/2024 Project of Project Budget
----------------------------------------------------------
001-522.000-531.000 PROFESSIONAL FEES 27,301.91 396,721.23 400,863.17 - $ 310,109.00 $ - $310,109.00 [1]
001-522.000-562.000 BUILDINGS - - 3,347,083.59 852,777.61 4,199,861.20 4,393,708.80 8,593,570.00
001-522.000-562.100 FIRE(CIP)-DIRECT ORDERS 80,805.32 91,370.85 172,176.17 327,823.83 500,000.00
001-522.000-564.000 MACHINERY AND EQUIPMENT 1,219,471.89 95,725.66 1,315,197.55 674,693.45 1,989,891.00
001-522.000-566.100 SOFTWARE 19,950.00 - 0.00 86,480.00 6
Total Dept 522.000-FIRE RESCUE $27,301.91 $396,721.23 $5,068,173.97 $1,039,874.12 6,017,294 $ 5,482,70 $ 11,500,000
52% 48% 100%
[1] Not all Profrssional Fess were Related to project
Dept 522.000-FIRE RESCUE Esc FY2025 FY2026 FY2027 FY2028 FY2029
REGULAR SALARIES&WAGES 7.5% $ 2,658,572 $ 2,857,965 $ 3,072,312 $ 3,302,736 $ 3,550,441
OVERTIME 4% 113,479 118,018 122,738 127,648 132,754
OTHER 4% 88,505 92,045 95,726 99,556 103,538
FICA TAXES 221,764 227,663 244,421 262,424 281,764
RETIREMENT CONTRIBUTIONS 3% 914,777 942,220 970,487 999,601 1,029,589
HEALTH INSURANCE/ALLOWANCE 15% 620,000 713,000 819,950 942,943 1,084,384
WORKERS'COMPENSATION 15% 12,000 13,800 15,870 18,251 20,988
PROFESSIONAL FEES 5% 200,000 210,000 220,500 231,525 243,101
OTHER CONTRACTUAL SERVICES 5% 300,000 315,000 330,750 347,288 364,652
TRAVEL AND PER DIEM 7% 5,350 5,725 6,125 6,554 7,013
TRAINING&DEVELOPMENT 7% 12,840 13,739 14,701 15,730 16,831
UTILITY SERVICES 10% 16,500 18,150 19,965 21,962 24,158
INSURANCE&BONDS 15% 28,750 33,063 38,022 43,725 50,284
REPAIRS&MAINTENANCE-GENERAL 10% 27,500 30,250 33,275 36,603 40,263
OPERATING SUPPLIES 7% 37,450 40,072 42,877 45,878 49,089
OPERATING SUPPLIES-GASOLINE 5% 54,000 56,700 59,535 62,512 65,637
BOOKS,DUES,EDUCATION,SUBSCRIPT 4% 4,240 4,410 4,586 4,769 4,960
MACHINERY AND EQUIPMENT 6% 105,000 111,300 117,978 125,057 132,560
PRINCIPAL-SYNOVUS LOAN (FIRE DEPT) Fixed 598,465 598,465 598,465 598,465 598,465
INTEREST-SYNOVUS LOAN (FIRE DEPT) Fixed 158,093 158,093 158,093 158,093 158,093
Total $ 6,177,284 $ 6,559,675 $ 6,986,377 $ 7,451,317 $ 7,958,564
Less Debt Service (756,559) (756,559) (756,559) (756,559) (756,559)
Operating expenses $ 5,420,726 $ 5,803,117 $ 6,229,818 $ 6,694,759 $ 7,202,006
TOWN OF HIGHLAND BEACH FIRE RESCUE NPV PROJECT COST ESTIMATE
5%
Line Investment cost Estimated net Discount
No FY Year of Project annual benefits Factor PV of Benefits
1 0 $ 11,500,000
2 2024 1 Caring cost of Delray Contract+HB Labor not included
3 2025 2 $ 1,448,539 0.9070 $ 1,313,867
4 2026 3 $ 1,679,718 0.8638 $ 1,451,003
5 2027 4 $ 1,916,179 0.8227 $ 1,576,446
6 2028 5 $ 2,168,011 0.7835 $ 1,698,693 <7 Yrs
7 2029 6 $ 2,435,484 0.7462 $ 1,817,395
8 2030 7 $ 2,795,331 0.7107 $ 1,986,590
9 2031 8 $ 2,963,051 0.6768 $ 2,005,510
10 Total $ 11,500,000 $ 15,406,313 $ 11,849,504
11 NPV= $ 11,849,504 $ 11,500,000 = $ 349,504
Line
No Year Delray Contract $A %A
12 2019 $ 4,223,795
13 2020 $ 4,439,684 $ 215,889 5%
14 2021 $ 4,657,148 $ 217,464 5% >Actuals
15 2022 $ 5,149,096 $ 491,948 11%
16 2023 $ 5,553,068 $ 403,972 8%
17 Avg: 7.1%
18 +Inflation Est: 1.00%
EMS Estimated
Budget Forecast Transport net annual
[3][4] [1] Fees[2] benefits
19 2024 $ 6,603,120 $ 1,050,052 19% $ 8,487,381 $ 85,000 $(1,799,261)
20 2025 $ 7,538,273 $ 935,154 14% $ 6,177,284 $ 87,550 $ 1,448,539
21 2026 $ 8,149,217 $ 610,944 8% $ 6,559,675 $ 90,177 $ 1,679,718
22 2027 $ 8,809,675 $ 660,458 8% $ 6,986,377 $ 92,882 $ 1,916,179
23 2028 $ 9,523,660 $ 713,985 8% $ 7,451,317 $ 95,668 $ 2,168,011
24 2029 $ 10,295,510 $ 771,850 8% $ 7,958,564 $ 98,538 $ 2,435,484
25 2030 $ 11,129,915 $ 834,405 8% $ 8,436,078 $ 101,494 $ 2,795,331
[1] Assumed 6%growth in Budgeted forecast expenditures after year 1
[2] Assumed 3%increase in EMS Transport Fees
[3] Delray contract increased by estimated$600K for additional positions in new contract in 2024
[4] Add$400K in 2025 for assumed additional pension cost
Category Estimate
26 Architects $ 310,109
27 Kaufman Lynn 8,593,570
28 Equipment/Other 2,596,321
29 $ 11,500,000 ($10 Million Ad Valorem limit plus$1.5M Grant Funds)
Town of Highland Beach Year 1 estimate at 27 Positions
Starting 10% 33% $ 20,000 5% 8%
Position Estimate Earnings OT FRS Health Other Employer Tax Total Positions Avg
FF/PARAMEDIC $ 74,793 $1,121,895 112,190 $ 407,248 $300,000 $ 56,095 $ 98,727 $2,096,154 15 $139,744
FIRE&LIFE SAFETY INSP 115,000 115,000 - 37,950 20,000 5,750 9,200 187,900 1 187,900
D/E PARAMEDIC 83,819 502,914 50,291 182,558 120,000 4,191 44,256 904,211 6 150,702
CAPTAIN 100,583 301,749 30,175 109,535 60,000 5,029 26,554 533,042 3 177,681
CHIEF 159,000 159,000 - 52,470 20,000 7,950 12,720 252,140 1 252,140
Opts Chief 115,000 115,000 37,950 20,000 5,750 9,200 187,900 1 187,900
Total $2,315,558 192,656 $ 827,711 $540,000 $ 84,765 $ 200,657 $4,161,346 27
%of Total 56% 5% 20% 13% 2% 5% 100%
48hrs x 52wks Hrly Rate OT Rate Est Hrs
FF/PARAMEDIC $ 29.97 $ 44.95 2,496
D/E PARAMEDIC 33.58 50.37 998
CAPTAIN 40.30 60.45 499
3,994
Town of Highland Beach Year 1 estimate at 31 Positions
Starting 5% 33% $ 20,000 5% 8%
Position Estimate Earnings OT FRS Health Other Employer Tax Total Positions Avg
FF/PARAMEDIC $ 74,793 $1,196,688 59,834 $ 414,652 $320,000 $ 59,834 $ 100,522 $2,151,531 16 $134,471
FIRE&LIFE SAFETY INSP 115,000 115,000 - 37,950 20,000 5,750 9,200 187,900 1 187,900
D/E PARAMEDIC 83,819 670,552 33,528 232,346 160,000 4,191 56,326 1,156,943 8 144,618
CAPTAIN 100,583 402,332 20,117 139,408 80,000 5,029 33,796 680,682 4 170,170
CHIEF 159,000 159,000 - 52,470 20,000 7,950 12,720 252,140 1 252,140
Opts Chief 115,000 115,000 37,950 20,000 5,750 9,200 187,900 1 187,900
Total $2,658,572 113,479 $ 914,777 $620,000 $ 88,505 $ 221,764 $4,617,096 31
%of Total 58% 2% 20% 13% 2% 5% 100%
42hrs x 52wks Hrly Rate OT Rate Est Hrs
FF/PARAMEDIC $ 34.25 $ 51.37 1,165
D/E PARAMEDIC 38.38 57.57 582
CAPTAIN 46.05 69.08 291
2,038
(1,955)
Change $ 343,014 $ (79,177) $ 87,066 $ 80,000 $ 3,740 $ 21,107 $ 455,750 4
File Attachments for Item:
B. Consideration and approval of the 2024 proposed Financial Advisory Board Meeting
Schedule.
Page 18
TOWN OF HIGHLAND BEACH
AGENDA MEMORANDUM
MEETING TYPE: Financial Advisory Regular Meeting
MEETING DATE 12/07/2023
SUBMITTED BY: Jaclyn DeHart, Deputy Town Clerk
SUBJECT: 2024 PROPOSED FINANCIAL ADVISORY BOARD MEETING DATES
SUMMARY:
This item is before the Financial Board members to discuss the below 202 4 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 25, 2024
May 02, 2024, (Organizational Meeting)
July 25, 2024
October 24, 2024
FISCAL IMPACT:
N/A
ATTACHMENTS:
N/A
RECOMMENDATION:
Staff recommends approval of the proposed 2024 Financial Advisory Board meeting dates.
Page 19
File Attachments for Item:
C. Nomination Chairperson and Vice Chairperson, term ending April 26, 2024.
Page 20
TOWN OF HIGHLAND BEACH
AGENDA MEMORANDUM
MEETING TYPE: Financial Advisory Board Regular Meeting
MEETING DATE 12/07/2023
SUBMITTED BY: Jaclyn DeHart, Deputy Town Clerk
SUBJECT: Nomination Chairperson and Vice Chairperson, term ending April 26,
2024.
SUMMARY:
As of November 22, 2022, Mr. David Stern resigned from his role as member and Chairperson
of the Financial Advisory Board. Therefore, this matter is being brought before the Board for
discussion and nomination to fill the vacant position, with the term ending in April 26, 2024.
According to Resolution No. 19-029 R, - Advisory Board and Committees Appointment
Process Policy, Section 9, it should be common practice that no member shall serve as chair
until he or she have served for one full year on the advisory board unless no existing member
is willing to serve as chairperson or vice chairperson.
FISCAL IMPACT:
None.
ATTACHMENTS:
Board Members List
RECOMMENDATION:
Staff recommend nominations for a Chairperson and Vice Chairperson to serve, ending on
April 26, 2024.
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TOWN OF HIGHLAND BEACH
Town Commissioners Advisory Board Members
Contact Information
Names Addresses Home
Numbers
Cellular
Numbers Email Addresses Date of
Appointment
Richard Greenwald 4308 Tranquility Drive
Sub Div: Bel Lido 561-276-4666 561-271-4965 ragreenwald@bellsouth.net 6/15/2021
Reappointed
Ronald Reame
Vice Chairperson
4748 S. Ocean Blvd. Apt. #9B
Sub Div: Boca Highlands None 248-705-6970 rreame@outlook.com 04/18/2023
Reappointed
Peter Weiner 4740 S Ocean Blvd, #101
Sub Div: Boca Highlands None 781-400-4413 Peterweiner912@gmail.com 6/15/2021
Mitchell Pakler
4748 S Ocean Blvd, #6B
Sub Div: Dalton Place at
Boca Highland Beach
None 412-848-4841 Mpakler@aol.com 6/15/2021
Edward Kornfeld 3912 S. Ocean Blvd. Apt. #809
Sub Div: Regency Highland None 561-894-8551 Edkorn44@gmail.com 1/18/2022
Mark Zarrilli 3912 S. Ocean Blvd. Apt. #901
Sub Div: Regency Highland None 732-266-0637 MarkZ2128@gmail.com 2/21/2023
John Verdile
3224 S. Ocean Blvd. Apt 612B
Subdivision: Highland Condos None 216-570-5042 John@XpenseSolutions.com 3/8/2023
unexpired
4/30/2025
4/30/2024
4/30/2026
4/30/2024
Date Term End
4/30/2024
4/30/2024
4/30/2026
FINANCIAL ADVISORY BOARD
Regular Meetings held Quarterly - January, April, July & October (as needed)
4th Thursday at 11:30 AM
Page 4 of 6 Updated
4/18/2023
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