Commission Budget Workshop

Lake Park Town Commission, Florida Commission Budget Workshop Minutes Commission Chamber, Town Hall, 535 Park Avenue, Lake Park, FL 33403 September 04, 2025 6:00 PM 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 6:09 P.M. PRESENT Mayor Roger Michaud Vice Mayor Michael Hensley Commissioner Judith Thomas Commissioner John Linden Commissioner Michael O'Rourke PLEDGE OF ALLEGIANCE Mayor Michaud led the Pledge of Allegiance. September 04, 2025 Page 1 SPECIAL PRESENTATION/REPORT: 1. FY 2026 Budget Workshop (#3) – Proposed General Fund, Special Revenue, Capital Projects Funds Expenditures, CRA Revenue & Expenditures & 5 Year Capital Improvement Plan Finance Director Barbara Gould announced that she would be continuing with the budget proposal where they left off at the end of the last budget workshop within the General revenue Fund, budget number 600 Special Events (Exhibit A). She informed the Commission that an additional $10,000.00 would need to be added for the Town Christmas Tree lighting event, which will no longer be able to be funded by the Community Redevelopment Agency (CRA). In regards to the Library budget, Commissioner Thomas asked what the promotional activities were. Library Director Judith Cooper stated that this expense includes the books for the Extravaganza, Read for the Record, the Love Your Library Event, the summer reading program, outreach programs and promotional materials. In regards to the General Government Budget, Finance Director Gould explained that the wage raises are housed in this section. Commissioner Linden asked about the principal on the CRA projects. Finance Director Gould stated that the Town has elected to pay off this portion of the loan so that the CRA can bond without the debt hanging over their head and to reduce interest costs. Commissioner Linden stated that since the CRA has funds, why it is not paying for this expense. Finance Director Gould explained that the funds for the expense are being passed to the Town from the CRA and the expense is indicated within the CRA proposed budget. She went on to say that, the only way they could receive this loan was for the Town to be responsible for it. Commissioner O’Rourke suggested looking for ways to have enterprise funds self-sustaining. Commissioner Linden asked about funds listed for quarterly newsletters. Finance Director Gould explained that the funds were unused and so they remain in the fund. The Commission had concerns with the two expense items for Johnson Controls. Public Works Director explained that the Town has a performance contract with them and explained how that works. The Commission requested that the interest item be re-named moving forward as it is not truly interest. Public Works Director Morales stated that he would provide the Commission with the report that outlines the details of the costs. Commissioner Linden asked about a reimbursement of Public, Private Partnership (P3) expenditures for close to a half million dollars. Finance Director Gould explained that a public improvement revenue of $1.8 million was received and September 04, 2025 Page 2 some of the funds used were used incorrectly, so the fund has to be paid back for those funds. Town Manager Reade further explained how the Town received the public improvement funds and the need for the reimbursement. Commissioner Linden stated that the misallocation should have been caught earlier. Commissioner Thomas asked about the operating expenditure of $102,000.00 in regards to the Streets & Roads budget. Finance Director Gould explained that this amount represents the last of the design work for the oval-about. Commissioner Thomas also asked about the electrical expense and if that was for the light poles. Finance Director Gould confirmed that to be correct. Commissioner Thomas also asked about a maintenance item. Finance Director Gould explained that this was the maintenance fee that the Florida Department of Transportation (FDOT) pays to the Town for US 1. Commissioner Thomas asked who monitors the Geographical Information System (GIS) and how many licenses the Town has. Public Works Director Morales stated that the Town has two main licenses and six users. Commissioner Thomas asked about a vehicle lease amount of $44,200.00. Finance Director Gould stated that was a pickup truck. Commissioner Linden suggested that for next year, the proposed budget include details to avoid them having to ask questions. Finance Director Gould pointed out to the Commission that they had been using the one-cent sales tax for sidewalk repairs, but those funds will end in December and they have not put any monies aside for sidewalk repairs in Town except within the CRA. The Commission discussed the award for property of the month recipients and agreed that they would like to increase the award amount. Town Manager Reade stated they would bring that back before them for discussion. Commissioner O’Rourke questioned the CRA Bond. Finance Director Gould explained the Bank of America loans that were taken in 2008, which will be paid early. CRA Administrator Allison Justice explained the need for a Financial Consultant in the CRA. She explained that the Financial Consultant assisted in creating the CRA budget as well as the Annual Report. Board Member Linden questioned outsourcing the CRA landscape, since they were so unpleased by the previous vendor. Executive Director Reade explained that a cost analysis of contractual services versus bringing services in-house was expected. Board Member Linden questioned the holiday lights contract. CRA Administrator Justice stated that this was the last year of the three-year contract with Brandano Design. This service would need to go back out for bid next year. Finance Director Gould explained that as funding becomes available, staff would begin working through the Capital Improvement Plan (CIP). Commissioner Thomas asked questions regarding the need to store Town permanent records. Town Clerk Mendez explained state law and September 04, 2025 Page 3 the specifics necessary for the appropriate storage of Town permanent records. Public Works Director Morales explained that the trailer was in bad condition and moving of the permanent records would be sooner rather than later due to termite damage. Commissioner O’Rourke suggested adding a new town bus to the CIP. Commissioner Thomas expressed security concerns during the meeting. Public Works Director Morales stated that the Town’s consultant would be at a future Commission meeting to present chamber layout options. Finance Director Gould explained that they have included funding to cover potential claim payout and training for the Human Resources department. Mayor Michaud and Town Manager Reade thanked staff for all their efforts in the budget process. PUBLIC COMMENT: This time is provided for addressing items that do not appear on the Agenda. Please complete a comment card and provide it to the Town Clerk so speakers may be announced. Please remember comments are limited to a TOTAL of three minutes. -Michael Steinhauer provided his comments via exhibit B. -Pablo Perhacs provided his comments via exhibit C. -Sue Lafontaine provided her comments via exhibit D. -Mary Beth Taylor provided her comments via exhibit E. TOWN ATTORNEY, TOWN MANAGER, COMMISSIONER COMMENTS: Commissioner Linden questioned when he could voice his concerns with budget items. Town Manager Reade explained that during the workshops was the appropriate opportunity to ask questions and suggest changes to the budget. Town Clerk Mendez stated the schedule for Monday, September 8, 2025 Special Called CRA and First Public Budget Hearing. September 04, 2025 Page 4 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 Exhibit B Exhibit C Exhibit D Exhibit E