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Leif J. Ahnell City Manager City of Boca Raton

City of Boca Raton. Fiscal Year 2006-07 Budget Presentation. Leif J. Ahnell City Manager City of Boca Raton. Goals of the City of Boca Raton. Financially Sound City Government Top Quality Municipal Services Strong Partnership with our Stakeholders.

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Leif J. Ahnell City Manager City of Boca Raton

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  1. City of Boca Raton Fiscal Year 2006-07 Budget Presentation Leif J. Ahnell City Manager City of Boca Raton

  2. Goals of theCity of Boca Raton • Financially Sound City Government • Top Quality Municipal Services • Strong Partnership with our Stakeholders

  3. City of Boca RatonPolicy Agenda Priorities forFY 2006-07 Top Priority • Workforce Housing Policy Direction & Strategy • Downtown Vision and Spine Direction • FAU Strategy • FAU / Boca Raton Community Hospital Project

  4. City of Boca RatonPolicy Agenda Priorities forFY 2006-07 High Priority • Downtown Traffic Study & Design • Light Industrial Research Park Study • Florida Atlantic University/I-95 Interchange • Retirement / Pension Cost Containment Strategy • Wildflower Property Direction & Actions

  5. Goals of theCity of Boca Raton • Financially Sound City Government • AAA rated City by rating agencies • Adequate Reserves • Demonstrated leadership of elected officials and management team

  6. Boca Raton Facts • Total Budget $430,388,100 • Employees Full Time Equivalent 1,765 • Population 85,377 • No. of Dwelling Units 43,400 • Assessed Value $19.940 billion • Bond Rating AAA

  7. Boca Raton Facts • Land Area 28 sq. miles • No. of Parks 39 • Acres of Parks 866 • No. of Police Officers 198 • No. of Firefighters 200 • No. of Fire Stations 8

  8. Boca Raton Facts • No. of Police calls per year 59,240 • No. of Fire calls per year 17,115 • No. of users of Parks 5,000,000 • Cost to operate Police & Fire $63.96m • Total Property Taxes collected $62.51m (excluding debt service) • Avg No. of people in City daily 350,000

  9. Your Property Tax Bill by Taxing Authority

  10. Tax Bill $350,000

  11. City of Boca Raton Proposed Budget for 2007 Home with a Taxable Value Of $350,000 FY 2005-06 FY 2006-07 CHANGE Millage Tax Millage Tax Millage Tax Percent 3.7062 $ 1,297.17 3.5886 $1,256.01 (0.1176) $ (41.16) (3.17%) Total Millage Rate

  12. Boca Raton Average Taxable Value of Residential Properties

  13. Boca Raton Taxable Value of Commercial Properties

  14. Boca Raton Historical Tax Rates

  15. Boca Raton compared to other cities

  16. Boca Raton Fire Assessment Fee

  17. City of Boca RatonTotals General Fund – Operating Costs Proposed Budget for 2007

  18. City of Boca RatonGeneral FundIncreased Operating Costs • Police & Fire Salaries & Benefits $ 2,479,900 • General Employees Salaries & Benefits 729,300 • Fuel 1,088,600 • Health Insurance 838,400 • Payment to CRA 749,400 • Electricity 544,500 • Vehicle Replacement Fund 486,700 • Property Insurance 186,200 • New Programs and Personnel 275,700 • Other Operating Costs 367,600 Total General Fund $ 7,746,300

  19. Boca Raton Water and Sewer Rates

  20. FY 2006 - 07 BUDGET CALENDAR City of Boca Raton Tentative Budget Public Hearing September 11, 2006 6:00 p.m. City Council Chambers FINAL Budget Public Hearing September 25, 2006 6:00 p.m. CITY COUNCIL CHAMBERS

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