Commission Budget Workshop

Lake Park Town Commission, Florida Commission Budget Workshop Commission Chamber, Town Hall, 535 Park Avenue, Lake Park, FL 33403 Thursday August 28, 2025 5:30pm Roger Michaud __ Mayor Michael Hensley __ Vice Mayor John Linden __ Commissioner Michael O'Rourke __ Commissioner Judith Thomas __ Commissioner Richard J. Reade __ Town Manager Thomas J. Baird __ Town Attorney Vivian Mendez, MMC __ Town Clerk PLEASE TAKE NOTICE AND BE ADVISED, that if any interested person desires to appeal any decision of the Town Commission, with respect to any matter considered at this meeting, such interested person will need a record of the proceedings, and for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Persons with disabilities requiring accommodations in order to participate in the meeting should contract the Town Clerk’s office by calling 881-3311 at least 48 hours in advance to request accommodations. __________________________________________________________ CALL TO ORDER/ROLL CALL 5:40 P.M. PRESENT Mayor Roger Michaud Vice Mayor Michael Hensley Commissioner Judith Thomas Commissioner John Linden Commissioner Michael O'Rourke arrived at 6:00 p.m. PLEDGE OF ALLEGIANCE Mayor Michaud led the Pledge of Allegiance. August 28, 2025 Commission Budget Workshop SPECIAL PRESENTATION/REPORT: 1. FY 2026 Budget Workshop (#2) - Proposed General Fund, Special Revenue & Capital Projects Funds Expenditures Finance Director Barbara Gould presented the proposed budget for the general fund via Exhibit A. Town Manager Reade provided an explanation of how salary fluctuations will be represented in the budget moving forward and provided a summary of the cost of living and merit increases for staff. Commissioner Thomas brought up some concerns with the Human Resources (HR) responsibilities and wanted to be sure that the job functions would be covered with the removal of the HR Director position. Commissioner Thomas also requested clarification on “special pay” within the Town Manager budget. Finance Director Gould explained that special pay would include longevity pay, vehicle stipend and cell phone stipend. Commissioner Thomas asked about Town retirement matching. Finance Director Gould explained that this is no longer an expenditure due to the Town joining the Florida Retirement System (FRS). Town Manager Reade spoke about the improvements made to the hiring process within the HR Department. Commissioner Thomas made suggestions for cost reduction in regards to copiers/printers to consolidate printing to one or two units. Chief Information Technology Officer Paul McGuiness stated that the current leases are about to expire and they are looking into cheaper alternatives. The Commission discussed the need to conserve paper by reducing printing. Commissioner Thomas spoke about the need for an increase in the Town Clerk salary due to additional responsibilities. Town Manager Reade stated that the Clerk’s duties are increased but are also being reduced once the Procurement Specialist is hired as that person would then take that responsibility from the Clerk’s Office. Commissioner Thomas asked about the code review process and cost. Town Clerk Mendez explained that process and that the costs were associated with the initial review done by Municode, but the actual code re-write process is being done in house and it would be a very long process. Finance Director Gould explained that there was an increase in expenditures by the legal department. Town Manager Reade explained that they increased this amount to accommodate upcoming potential legal actions. He went on to say that these funds would come out of the $1.2 million that is expected from the approval of the reverter clauses, but if those funds are not received, then the additional legal funds would come from reserves. August 28, 2025 Commission Budget Workshop  Commissioner Thomas stated she would like these funds to be utilized for legal expenses and not specifically for Town Attorney expenses. The Commission discussed various components of the proposed new website costs within the Communication & Grants budget. Chief Information Technology Officer Paul McGuiness provided an update on the Tyler software implementation and training within various departments. Town Manager Reade provided an explanation of the Marina P3 Project department budget. He stated that these funds represent reimbursable costs from the developer including attorney’s fees. Finance Director Gould explained the Finance Department budget. Commissioner Thomas stated that she would like the Finance Director to be better compensated. Commissioner Linden asked if there would be another compensation study done any time soon. Town Manager Reade spoke about his desire to do another salary study and use different comparable markets for analysis. Commissioner Linden requested that a proposed cost for another salary study be added to this proposed budget. Commissioner Thomas stated she would be in favor of doing a salary study and also suggested using funds from vacant positions to properly compensation valuable existing staff. Commissioner O’Rourke spoke about alternate ways to compensate staff and feels that Lake Park does not have the revenue that other communities have and so staff will be under-paid in comparison. The Commission discussed the various components of the previous salary study. Town Manager Reade spoke about the Shot spotter software. There was some discussion about the maintenance costs for the Sheriff’s Office building. Commissioner Thomas stated that the Town should not have to maintain the building on top of paying for the Sheriff’s services. Public Works Director Jaime Morales stated that the entire facility and amenities are maintained by the Town. Mayor Michaud asked Palm Beach Sheriff’s Office Captain Thibodeau about his experience working in other areas. Captain Thibodeau stated that it is common practice for the municipality to provide the building and maintenance. He went on to say that there have been maintenance items in the building that they have taken care of themselves such as painting. Commissioner Linden asked if the 3% raise for the Sheriff’s Office is negotiable. Captain Thibodeau stated that he believes the raise is 3% across the board, but those negotiations would go through the Sheriff. Mayor Michaud stated that there was no increase for Sheriff’s services last year because the Town had added three new positions in lieu of paying an increase. Captain Thibodeau confirmed this to be correct. Finance Director Gould August 28, 2025 Commission Budget Workshop  and Town Manager Reade spoke about the value of having a contracted individual to assist with claims and reimbursements in regards to the emergency management budget. Finance Director Gould explained the increase to the grounds budget to cover the increase in maintenance for Bert Bostrom field. Commissioner O’Rourke asked what kind of turf was laid down in Bert Bostrom Park. Public Works Director Morales stated that it was Bermuda grass. He went on to say that the grass has a six month warranty and is more expensive to maintain. Commissioner Linden proposed cutting some items in order to provide raises to some of the Public Works staff or to change their titles so that they would be in a higher pay range. Commissioner Linden asked about iguana removal service within the facilities budget. Public Works Director Morales provided an explanation of the expense and that it would be for only one year, after that the residents in the affected area will need to pay for the service. Town Manager Reader spoke about a cost analysis that would be taking place over the next year in regards to the leasing program within Vehicle Maintenance budget. Commissioner Linden asked about the National Institute for Automotive Excellence Certification costs. Public Works Director Morales will provide that information at a later point. In regards to the Community Development Budget Finance Director Gould spoke about the increase in funds for the revised mobility plan and for a new impact fee. Town Manager Reade stated that the mobility plan would be revised to incorporate the County roads so the Town would collect those fees. They are in the process of negotiating this with the County. Town Manager Reade spoke about various re-negotiations happening within the Community Development Department to either increase revenue or decrease costs. Commissioner Linden asked about the contractual costs recovery item. Finance Director Gould explained that it is a reimbursement as a deposit. The Commission agreed to continue with the rest of the budget at a later date. Motion made by Commissioner Thomas to continue the meeting to Thursday September 4th at 6pm. Seconded by Commissioner Linden. Voting Aye: All. August 28, 2025 Commission Budget Workshop Exhibit A TOWN OF LAKE PARK COMMISSION WORKSHOP Fiscal Year 2025/2026 Proposed Budget Thursday, August 28, 2025 – 5:30 P.M. 1 OVERVIEW • Fund 001 – General Fund • General Fund Summary Expenditures • Fund 160 – Public Improvement Fund • Public Improvement Fund Summary Revenues & Expenditures • Fund 190 – Streets & Roads Fund • Streets & Roads Fund Summary Revenues & Expenditures • Fund 301 – Special Projects Fund • Special Projects Fund Summary Revenues & Expenditures 2 Fund 001 – General Fund 3 TOWN COMMISSION – 100 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Town Commission - 100 Total Personnel Expenditures $ 77,723 $ 74,077 $ 73,984 $ 78,968 $ 87,910 $ 110,957 126.22% Total Operating Expenditures $ 79,417 $ 89,673 $ 87,251 $ 156,861 $ 111,801 $ 134,786 120.56% Town Commission Total Expenditures $ 157,140 $ 163,750 $ 161,235 $ 235,829 $ 199,711 $ 245,743 123.05% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Includes $25,000 in Town Grant Funding • Includes Block Party Grant Funding of $2,500 4 TOWN MANAGER – 104 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Town Manager - 104 Total Personnel Expenditures $ 289,731 $ 290,719 $ 320,135 $ 262,860 $ 266,494 $ 572,303 214.75% Total Operating Expenditures $ 79,977 $ 36,328 $ 48,089 $ 19,582 $ 30,647 $ 26,106 85.18% Town Manager Total Expenditures $ 369,708 $ 327,047 $ 368,224 $ 282,442 $ 297,141 $ 598,409 201.39% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Increased Training Budget due to Repurposed Staff Position • Additional Promotional Expenditures for Lapel Pins, Magnets, etc. 5 HUMAN RESOURCES – 105 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Human Resources - 105 Total Personnel Expenditures $ 235,904 $ 255,712 $ 302,246 $ 292,567 $ 309,478 $ 129,901 41.97% Total Operating Expenditures $ 53,052 $ 54,465 $ 50,830 $ 63,900 $ 22,633 $ 25,406 112.25% Human Resources Total Expenditures $ 288,956 $ 310,177 $ 353,076 $ 356,467 $ 332,111 $ 155,307 46.76% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Reduced Recruitment Costs Using Alternative Hiring Avenues 6  TOWN CLERK – 106 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Town Clerk - 106 Total Personnel Expenditures $ 239,138 $ 200,007 $ 249,297 $ 245,736 $ 252,675 $ 275,395 108.99% Total Operating Expenditures $ 118,828 $ 86,755 $ 78,912 $ 76,831 $ 67,201 $ 76,783 114.26% Town Clerk Total Expenditures $ 357,966 $ 286,762 $ 328,209 $ 322,567 $ 319,876 $ 352,178 110.10% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Election Costs • Reduced Legal Advertising 7  LEGAL – 108 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Legal - 108 Total Operating Expenditures $ 214,929 $ 130,170 $ 196,251 $ 223,726 $ 225,099 $ 612,000 271.88% Legal Total Expenditures $ 214,929 $ 130,170 $ 196,251 $ 223,726 $ 225,099 $ 612,000 271.88% Operating Expenditures • Additional Funds Budgeted for Marina P3 Project 8  COMMUNICATION & GRANTS – 109 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Communication & Grants - 109 Total Personnel Expenditures $ 150,493 $ 162,588 $ 274,033 $ 277,200 $ 287,533 $ 320,097 111.33% Total Operating Expenditures $ 34,234 $ 39,226 $ 8,670 $ 6,318 $ 7,878 $ 37,813 480.01% Communications & Grants Total Expenditures $ 184,727 $ 201,814 $ 282,703 $ 283,518 $ 295,410 $ 357,910 121.16% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Professional Services - Proposed New Website 9  INFORMATION TECHNOLOGY – 110 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Information Technology – 110 Total Personnel Expenditures $ 156,345 $ 145,030 $ 184,549 $ 218,034 $ 199,671 $ 233,530 116.96% Total Operating Expenditures $ 109,167 $ 113,254 $ 252,150 $ 225,221 $ 210,045 $ 202,973 96.63% Information Technology Total Expenditures $ 265,512 $ 258,283 $ 436,698 $ 443,255 $ 409,716 $ 436,503 106.54% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Reduced Contractual Services from State of Florida Cyber Security Grant Funding 10  MARINA P3 PROJECT – 115 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Marina P3 Project - 115 Total Operating Expenditures $ - $ - $ - $ - $ 80,748 $ 10,000 12.38% Marina P3 Project Total Expenditures $ - $ - $ - $ - $ 80,748 $ 10,000 12.38% 11  FINANCE – 150 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Finance - 150 Total Personnel Expenditures $ 501,805 $ 443,647 $ 509,466 $ 645,446 $ 482,113 $ 732,486 151.93% Total Operating Expenditures $ 89,293 $ 102,252 $ 179,785 $ 108,769 $ 211,332 $ 121,224 57.36% Finance Total Expenditures $ 591,098 $ 545,898 $ 689,251 $ 754,215 $ 693,445 $ 853,710 123.11% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Professional Fees - Eliminated Renewal of Legacy Software • Contractual Services - Eliminated Courier Service, Stopping Temporary Service with New Hires • Training Prioritized 12  PUBLIC SAFETY – 200 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Public Safety - 200 Total Operating Expenditures $ 3,197,787 $ 3,410,785 $ 3,501,610 $ 4,034,102 $ 4,033,023 $ 4,148,236 102.86% Public Safety Total Expenditures $ 3,197,787 $ 3,410,785 $ 3,501,610 $ 4,034,102 $ 4,033,023 $ 4,148,236 102.86% Operating Expenditures • American Rescue Plan Funds No Longer Available • Increased Policing Costs – 3% 13 EMERGENCY MANAGEMENT – 250 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Emergency Management - 250 Total Operating Expenditures $ 8,840 $ 1,382 $ 2,336 $ 2,226 $ 3,730 $ 4,202 112.65% Emergency Management Total Expenditures $ 8,840 $ 1,382 $ 2,336 $ 2,226 $ 3,730 $ 4,202 112.65% Operating Expenditures • Contractual Services Increased Based Cost 14  PUBLIC WORKS ADMINISTRATION – 400 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Public Works Administration - 400 Total Personnel Expenditures $ 441,552 $ 453,169 $ 467,315 $ 560,042 $ 556,860 $ 694,814 124.77% Total Operating Expenditures $ 31,871 $ 24,546 $ 27,163 $ 22,900 $ 22,174 $ 21,123 95.26% Public Works Admin. Total Expenditures $ 473,423 $ 477,715 $ 494,479 $ 582,942 $ 579,034 $ 715,937 123.64% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Reallocated Costs from Contractual to Operating for Consistency 15  GROUNDS – 406 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Grounds - 406 Total Personnel Expenditures $ 342,324 $ 303,902 $ 348,142 $ 451,447 $ 453,602 $ 539,337 118.90% Total Operating Expenditures $ 73,485 $ 153,450 $ 143,317 $ 141,027 $ 190,372 $ 198,843 104.45% Total Capital Outlay $ - $ - $ 19,345 $ - $ - $ - 0.00% Grounds Total Expenditures $ 415,809 $ 457,352 $ 510,804 $ 592,474 $ 643,973 $ 738,180 114.63% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Contractual Services – Increase Bert Bostrom Field/Grounds Maintenance 16 • Training Increased for Staff to Care for Bert Bostrom Field  FACILITIES – 408 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Facilities - 408 Total Personnel Expenditures $ 156,505 $ 162,334 $ 178,235 $ 315,272 $ 288,859 $ 330,506 114.42% Total Operating Expenditures $ 235,631 $ 290,591 $ 321,941 $ 343,552 $ 365,510 $ 341,003 93.30% Total Capital Outlay $ 3,507 $ - $ 40,404 $ - $ - $ - 0.00% Facilities Total Expenditures $ 395,642 $ 452,925 $ 540,580 $ 658,824 $ 654,369 $ 671,509 102.62% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Professional Fee Increase for Pest Removal 17 • Contractual Services Includes Lower Janitorial & Air Conditioning Expenditures  VEHICLE MAINTENANCE – 410 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Vehicle Maintenance - 410 Total Personnel Expenditures $ 191,904 $ 208,642 $ 209,258 $ 232,729 $ 229,200 $ 246,288 107.46% Total Operating Expenditures $ 100,665 $ 102,197 $ 170,064 $ 207,955 $ 197,285 $ 176,912 89.67% Vehicle Maintenance Total Expenditures $ 292,570 $ 310,840 $ 379,322 $ 440,684 $ 426,485 $ 423,200 99.23% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Reduced Equipment Lease – 1 Code Compliance Lease Transferred to CRA • Reduced Repair & Maintenance Costs Reflective of Ongoing Expenditures 18 COMMUNITY DEVELOPMENT – 500 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Community Development – 500 Total Personnel Expenditures $ 618,076 $ 626,898 $ 713,988 $ 754,246 $ 680,906 $ 796,926 117.04% Total Operating Expenditures $ 1,704,238 $ 593,366 $ 1,093,839 $ 484,974 $ 307,000 $ 645,409 210.23% Community Development Total Expenditures $ 2,322,314 $ 1,220,264 $ 1,807,827 $ 1,239,220 $ 987,905 $ 1,442,335 146.00% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Increase Contractual Services for Mobility Plan Update and New Town Impact Fees • Increase in Building Official/Permitting/Plan Review & Inspection Costs Due to Higher Budgeted Permitting Revenue • Training Prioritized/Funds Available in Reserve for Building Code Education 19  SPECIAL EVENTS – 600 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Special Events - 600 Total Personnel Expenditures $ 213,198 $ 226,643 $ 299,750 $ 352,272 $ 351,550 $ 395,358 112.46% Total Operating Expenditures $ 106,490 $ 266,615 $ 381,083 $ 283,687 $ 288,303 $ 327,294 113.52% Special Events Total Expenditures $ 319,687 $ 493,258 $ 680,833 $ 635,959 $ 639,853 $ 722,652 112.94% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Increased Sponsored Event Costs for Haitian Flag Day & Jet Set Summer Soccer Camp • Reduced Promotional Activity – Lighting for Town Hall Removed • Funding Available for Chili Cook-Off! 20  LIBRARY – 700 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Library - 700 Total Personnel Expenditures $ 338,525 $ 380,472 $ 458,070 $ 503,257 $ 479,998 $ 571,631 119.09% Total Operating Expenditures $ 77,380 $ 101,015 $ 140,430 $ 148,057 $ 125,707 $ 163,468 130.04% Library Total Expenditures $ 415,905 $ 481,487 $ 598,500 $ 651,314 $ 605,705 $ 735,099 121.36% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Contractual Services- Reduced Janitorial Costs • Library Materials – Increase in Potential Grants Included in Revenue 21  GENERAL GOVERNMENT – 900 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 General Government - 900 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Total Personnel Expenditures $ - $ - $ - $ 315,438 $ 315,438 $ - 0.00% Total Operating Expenditures $ 571,151 $ 700,904 $ 337,514 $ 564,756 $ 411,053 $ 277,510 67.51% Total Debt Service $ 580,230 $ 896,009 $ 278,294 $ 278,890 $ 278,891 $ 590,720 211.81% Total Other Uses $ 1,021,880 $ 1,224,829 $ 1,409,684 $ 2,233,015 $ 1,871,692 $ 3,068,458 163.94% General Government Total Expenditures $ 2,173,261 $ 2,821,742 $ 2,025,492 $ 3,392,099 $ 2,877,073 $ 3,936,688 136.83% Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Professional Fees Include Indirect Cost Allocation Review, Quarterly Town Newsletters • Beautification Reserve for Driveway Grants • Bank of America Loan Early Repayment (2028) 22 • Transfer to Public Improvement Fund for Reimbursement of Various Marina P3 2021 – 2024 Expenditures  GENERAL FUND TOTAL EXPENDITURES 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Fund 001 - General Fund $ $ $ $ $ $ General Fund Total Expenditures 12,445,275 12,351,652 13,357,431 15,131,863 14,304,407 17,159,798 119.96% $ $ $ $ $ $ Total General Fund Revenues 15,456,636 13,310,122 13,985,532 15,131,863 14,902,004 17,159,798 115.15% 23 Fund 160 – Public Improvement Fund 24  PUBLIC IMPROVEMENT FUND – 160 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Public Improvement Fund - 160 Total Revenue $ 190,140 $ 274,779 $ 75,574 $ - $ 9,029 $ 470,400 5209.88% Total Operating Expenditures $ 636,733 $ 611,502 $ 185,200 $ - $ 6,784 $ 9,893 145.83% Total Other Uses $ 401,935 $ - $ - $ - $ - $ 460,507 --- Public Improvement Fund Total Expenditures $ 1,038,668 $ 611,502 $ 185,200 $ - $ 6,784 $ 470,400 6933.96% Operating Expenditures • Kelsey Park Master Plan Projects Supplement with US Department of Interior Land & Water Conservation Grant – 50% Match Allowing for $1,000,000 in Projects 25 Fund 190 – Streets & Roads Fund 26  STREETS & ROADS – 190 Streets & Roads 2021-2022 2022-2023 2023-2024 2024-2025 2024-2025 2025-2026 Fund - 190 Description YTD Activity YTD Activity YTD Activity Total Budget YTD Activity Total Budget % Revenue Total: $ 384,283 $ 398,536 $ 398,732 $ 581,138 $ 351,904 $ 393,752 111.89% Total Personnel Expenditures $ 145,311 $ 137,508 $ 116,747 $ 63,094 $ 1,565 $ 71,070 4541.21% Total Operating Expenditures $ 181,203 $ 207,243 $ 228,458 $ 346,887 $ 185,765 $ 242,359 130.47% Total Capital Outlay $ 87,088 $ 1,938 $ 16,863 $ 98,137 $ 97,428 $ - 0.00% Total Other Uses $ 112,443 $ 113,673 $ 132,299 $ 73,020 $ 73,021 $ 80,323 110.00% Expense Total: $ 526,045 $ 460,363 $ 494,367 $ 581,138 $ 357,778 $ 393,752 110.05% Profit/(Loss) $ (141,762) $ (61,827) $ (95,635) $ - $ (5,874) $ - 27 STREETS & ROADS – 190 Personnel Expenditures • No new positions, three (3) existing positions are being repurposed, 49.3 FTE (full-time equivalents) • Annual COLA & Merit Increase • Increase in Employee Benefits (i.e., health, dental, vision, life, disability, etc.) • New FRS Retirement Cost • Total personnel expenditures increased 8% over FY 2025 budget Operating Expenditures • Increased Electric Cost With New Lighting • Sidewalk Repairs 28 Fund 301 – Special Projects Fund 29 SPECIAL PROJECTS FUND – 301 Operating Expenditures • Current Known Grant Projects • PBC Discretionary Surtax Funds Sunset December 2025, Reduced Funding for Capital Projects 30 THANK YOU QUESTIONS & COMMENTS 31