Final Public Hearing on Budget

BOARD OF COMMISSIONERS TOWN OF REDINGTON SHORES SPECIAL MEETING FINAL BUDGET HEARING MONDAY, SEPTEMBER 15, 2025 – 6:00 P.M. AGENDA A. CALL TO ORDER B. PLEDGE OF ALLEGIANCE C. ROLL CALL D. OPEN PUBLIC HEARING 1. Amend and Adopt FY 2025/2026 Tentative Millage and Ad Valorem Tax 2. Amend and Adopt FY 2025/2026 Tentative Budget E. CLOSE PUBLIC HEARING F. MISCELLANEOUS G. ADJOURNMENT Pursuant to Florida Statutes § 286.0105, if any person or entity decides to appeal any decision made on any matter considered at any meeting or hearing of any Redington Shores Board or Commission, he, she or it will need a record of the proceedings and, for such purpose, he, she or it may need to ensure that a verbatim record of the proceedings is made, which record includes the legal arguments, testimony, and evidence upon which the appeal is to be based. ITEM D.1.  Town of Redington Shores, Florida Memorandum To: Mayor and Town Commission Date: August 29, 2025 Subject: Public Hearing - setting millage rate for fiscal year 2025-2026 BACKGROUND Chapter 200 of the Florida Statute “Determination of Millage” sets a statutory timetable and procedure for the calculation and notification to the public of the process to set a final ad valorem tax millage and adopt a budget. The statute identifies the time frames and briefly describes the procedures to be accomplished during that time frame. DISCUSSION Per Pinellas County Property Appraiser (Certification of Taxable Value DR-420), the FY 2025- 2026 preliminary gross taxable value of property within the Town of Redington Shores is $1,170,019,941 which is -.31% less than the FY 2024-2025 Final Gross Taxable Value of $1,173,705,988. Staff proposes setting the final ad valorem millage rate at 1.6896. The proposed budget reviewed by the Town Commission at the Budget Workshop held on August 27, 2025, is predicated on this millage rate. The final millage rate, at 1.6896 mills, will produce approximately $1,897,790 in net ad valorem tax revenues (net of 4% discount), representing an decrease of $9,780 over last year’s budget of $1,907,570. The Department of Revenue also requires that the Town calculate a rolled-back millage rate. The rolled-back rate is defined as the millage rate that would generate the same amount of ad valorem tax revenue as was levied during the prior year. The rolled back rate is calculated at 1.6593. The proposed millage rate of 1.6896 is 1.83% higher than the rolled back rate. RECOMMENDATION Staff respectfully requests that Commission set the proposed millage rate at 1.6896 mills for Fiscal Year October 1, 2025, through September 30, 2026. The millage must be adopted first. The millage and budget must be adopted by separate votes. Upon adoption of the motion, the Mayor will announce: The proposed millage rate of 1.6896 mills, which is higher than the rolled-back rate by 1.83%, is to fund the expenses of the General Fund for the Fiscal Year commencing October 1, 2025 and ending September 30, 2026. The final approved millage rate for the Town of Redington Shores will be presented at a second and final public hearing that will be held on Monday, September 15, 2025, at 6:00P.M. Margaret Carey, Town Manager  RESOLUTION 03-25 A RESOLUTION OF THE TOWN OF REDINGTON SHORES, FLORIDA, ADOPTING A TENTATIVE BUDGET AND MILLAGE RATE FOR THE TOWN FOR THE 2025/2026 FISCAL YEAR COMMENCING OCTOBER 1ST 2025; MAKING RELATED FINDINGS; PROVIDING FOR SEVERABILITY AND FOR AN EFFECTIVE DATE. WHEREAS, Florida Statutes § 200.065(2)(c) provides that, within 80 days of the Property Appraiser’s certification of value, but not earlier than 65 days after certification, the governing body of each taxing authority shall hold a public hearing on the tentative budget and proposed millage rate; and WHEREAS, Florida Statutes § 200.065(2)(c) further provides that, prior to the conclusion of the hearing, the governing body of the taxing authority shall amend the tentative budget as it sees fit, adopt the amended tentative budget, recompute its proposed millage rate, and publicly announce the percent, if any, by which the recomputed proposed millage rate exceeds the rolled-back rate; and WHEREAS, the 2025 Certification of Taxable Value has been prepared and certified by the Property Appraiser showing: Total Gross Taxable Value Real and Personal Property for operating purposes at $1,170,019,941. NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Town of Redington Shores, Florida, that: Section 1: The tentative budget attached hereto as Exhibit “A” is tentatively adopted. Section 2: The tentative millage rate for the Fiscal Year 2025/2026 is hereby determined to be 1.6896 mills. Section 3: That the percentage change in property taxes adopted by the Town Commission is 1.83% more than the rolled-back rate of 1.6593 mills computed pursuant to Florida Statutes § 200.065(1). BE IT FURTHER RESOLVED that if any section, subsection, sentence, clause, provision or word of this Resolution is held unconstitutional or otherwise legally invalid, same shall be severable and the remainder of this Resolution shall not be affected by such invalidity, such that any remainder of the Resolution shall withstand any severed provision, as the Board of Commissioners would have adopted the Resolution even absent the invalid part. BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon adoption. 1  DULY ADOPTED with a quorum present and voting this ___ day of __________________, 2025. _____________________________ Thomas Kapper, Mayor Attest: ___________________________ Melissa Fultz, Town Clerk 2 ITEM D.2.  Town of Redington Shores, Florida Memorandum To: Mayor and Town Commission Date: August 29, 2025 Subject: Public Hearing - fiscal year 2025-2026 budget ===================================================================== Town staff presented the proposed budget for fiscal year 2025-2026 on August 27, 2024. This budget will be finalized with the Budget Resolution submitted to the Commission for approval at the second and final public hearing on the FY 2025-2026 budget on September 15, 2025, at 6:00 P.M. RECOMMENDATION Staff respectfully requests that the Commission approve the FY 2025-26 budget including the capital plans. A copy of the FY 2025-26 budget document attached for your review. The Florida Department of Revenue requires specific language and procedures when approving the budget.  The Mayor will ask for questions and comments from the public.  The Mayor will close the public hearing; ask for a motion to approve the budget document, including the operational budget and capital improvements for all funds.  The Mayor will ask for a vote.  Upon adoption of the motions, the Mayor shall announce: “The final approved Budget for Fiscal Year 2025-2026 for the Town of Redington Shores will be presented at a second and final public hearing that will be held at Town Hall on Monday, September 15, 2025, at 6:00 P.M.” Respectfully submitted, Margaret Carey, Town Manager  RESOLUTION NO. 04-25 A RESOLUTION OF THE TOWN OF REDINGTON SHORES, FLORIDA, ADOPTING THE 2025-2026 ANNUAL FISCAL YEAR BUDGET. BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE TOWN OF REDINGTON SHORES, FLORIDA, IN MEETING DULY AND REGULARLY ASSEMBLED AS FOLLOWS: Section 1. The annual fiscal year budget of the Town of Redington Shores, Florida, from October 1, 2025 through September 30, 2026, shall be in the amounts and categories as documented in the attachment, hereto referred as “Schedule A”. Section 2. This Resolution shall take effect midnight, September 30, 2025. The foregoing Resolution was offered by Commissioner ____________, who moved its adoption, and said Motion was seconded by Commissioner ____________; and upon roll call the vote was: AYES: NAYS: ABSENT: ABSTAINING: PASSED AND RESOLVED this ____ day of September, 2025, by the Board of Commissioners of the Town of Redington Shores, Florida. _________________________ Thomas Kapper, Mayor ATTEST: ____________________ Melissa Fultz Town Clerk  Fiscal Year 2025 - 2026 Operating and Capital Budget October 1, 2025 Budget Calendar - Fiscal Year 2025 - 2026 Wednesday May 28, 2025 Budget Workshop at 6:00 P.M. Monday June 2, 2025 Estimate of Taxable Value provided by Property Appraiser Wednesday June 25, 2025 Budget Workshop at 6:00 P.M. Tuesday July 1, 2025 Property Appraiser provides Certification of Taxable Value (DR-420) Wednesday July 23, 2025 Special Commission Meeting to adopt Tentative Millage Rate Last day for the Town to advise Property Appraiser’s Office of proposed millage rate and Tuesday July 29, 2025 date / time / place of first public hearing (DR-420, DR-420MM-P) Monday August 18, 2025 TRIM notices mailed by Pinellas County Wednesday August 27, 2025 Budget Workshop at 6:00 P.M. Friday August 29, 2025 Budget for first public hearing posted on Town website Wednesday September 3, 2025 First Public Hearing on the Proposed Millage Rate, Budget and Capital Plan 6:00 P.M. Town to advertise intent to adopt a final millage rate and final budget Wednesday September 10, 2025 (within 15 days after first public hearing and 2-5 days before second public hearing) Friday September 12, 2025 Budget for final public hearing posted on Town website Monday September 15, 2025 Final Public Hearing on Budget 6:00 P.M. (adopt final millage rate and budget) Thursday September 18, 2025 Finance to forward Resolution adopting final millage rate to Property Appraiser & Tax Collector (within 3 days of adoption) Monday September 29, 2025 Property Appraiser delivers DR-422, Final Taxable Value Certification, to taxing authorities Thursday October 2, 2025 Finance to return completed DR-422 to Pinellas County Property Appraiser and a copy to the State of Florida Submit completed TRIM Compliance Package to the State of Florida Friday October 3, 2025 (within 30 days of final public hearing) Friday October 10, 2025 Adopted Budget for fiscal year 2025 - 2026 posted on Town website October 1, 2025 Mayor, Board of Commissioners, and Residents, The enclosed budget document serves as an overview of the fiscal year 2025 - 2026 operational and capital plan for the Town of Redington Shores. The intent of this year’s budget is to address critical infrastructure needs for the Town’s systems, furthering the Town’s progress in improving processes in Town operations, all while maintaining fiscal responsibility. In the upcoming year, we have several projects planned that are aimed at improving the experience of residents and visitors in Town. Some of the projects include the addressing of issues resulting from significant deferred maintenance of our wastewater infrastructure, repairs and upgrades to our stormwater system, undergrounding of utilities on the West side of Gulf Boulevard (which is a continuation of the work completed on the East side), park improvements, and purchasing the necessary equipment to continue providing services in our beautiful Town. The Town extends gratitude to the Town Commission, staff, and members of the community that have aided in the formulation of this budget. The following pages detail the methodology used to compile this annual budget and provide an outline of the anticipated revenues and expenditures required to achieve the goals set forth by the Commission to serve our residents, businesses, and visitors. Sincerely, Margaret Carey, Town Manager  Table of Contents Transmittal Letter … Budgetary Highlights 1 Organization Chart 2 Millage Rate Information & Analysis 3 Budget Summary By Fund 5 General Fund 7 Capital Improvement Fund 11 Sewer Fund 12 Anticipated Capital Projects 13 Five-Year Capital Improvement Plan (CIP) 14  Budgetary Highlights The Town's fiscal year 2026 budget totals $10,733,570 for all funds. This amount is comprised of $4,061,225 in the General Fund, $5,232,345 in the Capital Improvement Fund, and $1,440,000 in the Sewer Fund. The Town is committed to transparency by evaluating the Town’s operational departments to provide a clearer picture of spending patterns and needs, and sharing this picture with the community. The capital budget has additional detail for various projects to provide a more comprehensive accounting of capital needs with a focus on strategic planning. The budgeted Ad Valorem revenue of $1,897,790 is based on the existing millage rate, which remains unchanged from the previous year. The proposed budget includes funding a 3% cost of living increase for staff. 1  Organizational Chart District 1 District 2 District 3 District 4 Mayor - Commissioner Commissioner Commissioner Commissioner Commissioner Town Manager Town Attorney Public Works Building Official Town Clerk Management Analyst Police Protection - Indian Shores Administrative Support Permit Tech Specialist Fire Control - Seminole & Madeira Code Enforcement - PCSO 2  Town of Redington Shores Evaluation of Millage Rate Fiscal Year 2025 - 2026 Calculations Based on Gross Taxable Value: $1,170,019,941 2025 - 2026 Ad Valorem Estimated Collection Millage Rates Revenue Generated Rate: 96% Rolled-Back Rate 1.6593 1,941,414 1,863,760 Existing Rate 1.6896 1,976,866 1,897,790 Majority Vote Required 1.7341 2,028,932 1,947,775 2/3 Vote Required 1.9075 2,231,813 2,142,540 Trend Analysis of Taxable Value: Fiscal Year Taxable Value Dollar Amount Change Percentage Change 2021 - 2022 846,993,022 69,414,455 8.93% 2022 - 2023 953,544,975 106,551,953 12.58% 2023 - 2024 1,075,326,561 121,781,586 12.77% 2024 - 2025 1,173,705,988 98,379,427 9.15% 2025 - 2026 * 1,170,019,941 -3,686,047 -0.31% * Taxable value per 2025 Preliminary Tax Roll - 7/1/25 3  Municipalities in Pinellas County Millage Rates Levied for 2024 Taxes BELLEAIR SHORE 0.5345 NORTH REDINGTON BEACH 1.0000 REDINGTON SHORES 1.6896 INDIAN ROCKS BEACH 1.7300 REDINGTON BEACH 1.8149 INDIAN SHORES 1.8700 BELLEAIR BEACH 2.0394 SEMINOLE 2.4793 MADEIRA BEACH 2.7500 ST. PETE BEACH 3.0913 TREASURE ISLAND 3.8129 SAFETY HARBOR 3.9500 GULFPORT 4.0258 OLDSMAR 4.0500 DUNEDIN 4.1345 SOUTH PASADENA 5.1750 BELLEAIR BLUFFS 5.3500 TARPON SPRINGS 5.3700 KENNETH CITY 5.4373 LARGO 5.5200 PINELLAS PARK 5.6500 CLEARWATER 5.8850 ST. PETERSBURG 6.4525 BELLEAIR 6.9777 - 1.0000 2.0000 3.0000 4.0000 5.0000 6.0000 7.0000 8.0000 * Mills per $1,000 in taxable value 4  Capital Improvement General Fund Fund Sewer Fund 4,061,225 5,232,345 1,440,000 Budget Summary by Fund General Fund - 38% Capital Improvement Fund - 49% Sewer Fund - 13% 5 BUDGET SUMMARY - ALL FUNDS Capital Improvement General Fund Fund Sewer Fund Utilization of Prior Year Reserves 237,935 358,175 245,919 Intergovernmental 339,425 4,695,670 77,726 Other - Charges for Services, Rentals, Fines 500,075 43,500 1,016,355 Investment Earnings 250,000 135,000 100,000 Inter-Fund Transfers - - - Ad Valorem Taxes 1,897,790 - - Building Department 420,000 - - Franchise Fees 249,000 - - Parking Fees 155,000 - - Business Taxes 12,000 - - TOTAL REVENUE 4,061,225 5,232,345 1,440,000 Capital Improvement Fund - 5,232,345 - Sewer Fund - - 1,440,000 Inter-Fund Transfers - - - Legislative 99,705 - - Administration 630,260 - - Comprehensive Planning - - - Other General Government 464,900 - - Law Enforcement 649,070 - - Fire Control 293,300 - - Building & Inspections 595,000 - - Emergency & Disaster Relief 25,000 - - Garbage & Solid Waste 488,250 - - Physical Environment / Maintenance 347,590 - - Road & Street Facilities 216,500 - - Library 55,150 - - Parks and Recreation 155,000 - - Culture & Recreation 41,500 - - TOTAL EXPENDITURES 4,061,225 5,232,345 1,440,000 6 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2025 - 2026 2024 - 2025 2023- 2024 Proposed Budget Proposed Budget Actual General Fund Revenue 431.100 Ad Valorem Taxes 1,897,790 1,907,570 1,752,654 431.235 Communication Service Tax 60,000 75,000 63,117 431.240 Local Option Gas Tax 28,000 28,000 27,877 431.310 Electric Franchise Fee 242,000 240,000 252,638 431.330 Gas Franchise Fee 7,000 8,000 7,222 431.900 Property Transfer Records Search 2,000 2,200 2,076 432.110 Annual Business Tax Receipts 12,000 12,000 14,019 432.200 Building Permit Fees 225,000 280,000 225,501 432.210 Plan Review Fees 50,360 57,000 50,473 432.220 Fire Safety 890 600 900 432.230 Electrical Fees 19,800 32,000 19,941 432.240 Plumbing Fees 17,100 22,000 17,235 432.250 Mechanical Fees 17,720 20,000 17,767 432.255 Reinspection Fees 2,500 - 2,525 432.280 Impact Fees / Sewer Tap-In Fees - 1,000 - 432.290 DBPR Surcharges 1,530 1,500 1,541 432.302 Zoning Clearance - With Zoning 5,000 - 2,094 432.303 Zoning Clearance - Without Zoning 100 - 48 432.201 TRB Building Permit Fees 40,000 31,000 11,257 432.211 TRB Plan Review Fees 15,000 10,500 4,565 432.221 TRB Fire Safety - 1,000 - 432.231 TRB Electrical Fees 3,000 2,400 810 432.241 TRB Plumbing Fees 1,200 950 340 432.251 TRB Mechanical Fees 9,500 8,400 2,420 432.256 TRB Reinspection Fees 3,500 - 1,000 432.304 TRB Technology Fees 1,300 900 340 432.305 TRB Zoning Clearance 6,500 6,000 1,722 432.990 Zoning / Board of Adjustment Fees - 7,500 - 433.350 ARPA - SLFRF Funding - - 461,253 433.490 State Grants - 85,500 21,315 433.491 Federal Disaster Funding - - 45,126 433.512 State Revenue Sharing 72,700 70,000 72,711 433.515 Alcoholic Beverage Licenses 2,500 2,400 3,695 433.518 1/2 Cent Sales Tax Revenue Sharing 176,225 182,000 173,970 433.519 County Parking Meter Revenue 125,000 175,000 171,788 433.520 Town Parking Meter Revenue 30,000 50,000 60,149 434.341 Garbage And Trash 488,250 465,000 374,682 434.342 Recycling Income 1,500 - 1,571 434.344 Credit Card Fees - - 571 434.900 Supervisor of Elections 200 200 145 435.110 Court Fines 600 600 1,373 435.115 Parking Fines 1,000 1,000 1,090 435.130 Police Education 25 25 42 436.120 General Interest 250,000 300,000 400,876 436.200 Sale of Promotional Items 2,500 2,500 3,028 436.210 Town Hall & Park Rentals 4,000 4,000 4,075 436.900 Miscellaneous Income - - 32,433 477.005 Utilization of Prior Year Reserves 237,935 10,430 - TOTAL REVENUE 4,061,225 4,104,175 4,309,975 7 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2025 - 2026 2024 - 2025 2023- 2024 Proposed Budget Proposed Budget Actual General Fund Expenditures LEGISLATIVE 511-511.000 Executive Salaries 40,800 40,800 50,786 511-521.000 Social Security Taxes 2,550 2,550 2,507 511-521.100 Medicare Taxes 600 600 465 511-522.000 Retirement Contributions 22,270 18,500 11,183 511-523.000 Health Insurance 29,655 36,000 32,468 511-523.100 Life Insurance 600 600 - 511-524.000 Workers Compensation Insurance 230 230 - 511-540.000 Travel and Training 1,500 1,500 12 511-554.000 Dues and Subscriptions 1,500 1,500 350 Total Legislative 99,705 102,280 97,771 ADMINISTRATION 512-512.000 Regular Salaries And Wages 315,120 321,000 297,547 512-521.000 Social Security Taxes 20,000 19,950 19,533 512-521.100 Medicare Taxes 4,155 4,700 4,143 512-522.000 Retirement Contributions 66,195 73,000 68,064 512-523.000 Health Insurance 34,350 46,000 30,519 512-523.100 Life Insurance 600 600 - 512-524.000 Workers Compensation Insurance 3,840 3,200 2,226 512-534.000 Other Contractual Services - - 5,397 512-540.000 Travel and Training 4,000 7,500 895 512-554.000 Dues and Subscriptions 2,000 4,500 1,420 513-531.100 Attorney Fees 45,000 65,000 40,246 513-532.000 Accounting and Auditing 135,000 135,000 98,736 513-568.000 Computer Equipment - Capital Outlay - 5,000 - Total Administration 630,260 685,450 568,726 COMPREHENSIVE PLANNING 515-531.200 Engineering Fees - 20,000 - 515-534.100 Planning & Zoning / Board of Adjustment - 6,000 - 515-534.150 Special Magistrate - 15,000 - Total Comprehensive Planning - 41,000 - OTHER GENERAL GOVERNMENT 519-534.000 Other Contractual Services 15,000 19,000 12,202 519-534.200 Janitor Services - - 744 519-534.300 Election Expenses 5,000 5,000 974 519-534.400 Advertising 4,500 4,500 2,583 519-534.500 General Code 10,000 10,000 4,725 519-534.600 Records Retention 15,000 12,000 16,871 519-540.000 Travel and Training - - 1,050 519-541.000 Communications 27,000 20,000 26,984 519-541.100 Postage 3,500 3,000 3,811 519-543.000 Utility Services 50,000 45,000 44,099 519-545.000 Insurance 216,900 216,900 180,125 519-546.000 Repair & Maintenance - Services 18,000 18,000 14,579 8 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2025 - 2026 2024 - 2025 2023- 2024 Proposed Budget Proposed Budget Actual 519-546.100 Repair & Maintenance - Town Hall 11,000 11,000 8,886 519-547.000 Printing and Binding 5,000 3,000 11,666 519-548.000 Promotional Activities 8,000 - 7,840 519-549.400 Bank and Merchant Fees 5,000 6,750 4,867 519-551.000 Office Supplies 8,000 8,000 7,362 519-552.000 Operating Supplies 7,000 15,000 6,555 519-554.000 Dues & Subscriptions 2,500 2,000 2,473 519-563.000 Improvements - Other Than Buildings - - 11,685 519-564.100 County Parking Meters Expenses 23,000 32,000 17,715 519-564.110 Town Parking Meter Expenses 5,500 9,700 21,630 519-564.300 Technology Maintenance 25,000 49,500 23,851 519-562.000 Improvements - Capital Outlay - 80,000 - 519-564.000 Machinery and Equipment - Capital Outlay - 25,000 2,679 519-564.400 Other Capital Equipment - - 10,306 519-564.300 Technology - Capital Outlay - - 1,357 Total Other General Government 464,900 595,350 447,619 LAW ENFORCEMENT 521-534.700 Police Protection 649,020 618,115 594,479 521-534.750 Police Education 50 25 46 Total Law Enforcement 649,070 618,140 594,525 FIRE CONTROL 522-534.800 Fire Control 293,300 287,000 275,812 Total Fire Control 293,300 287,000 275,812 BUILDING & INSPECTIONS 524-512.000 Regular Salaries And Wages 185,000 173,000 133,769 524-515.000 Overtime Pay 2,500 530 - 524-521.000 Social Security Taxes 11,625 10,750 8,386 524-521.100 Medicare Taxes 2,750 2,550 1,847 524-522.000 Retirement Contributions 26,500 24,000 16,662 524-523.000 Health Insurance 42,000 36,000 29,996 524-523.100 Life Insurance 400 400 - 524-524.000 Workers Compensation Insurance 1,130 1,130 1,133 524-524.310 Code Enforcement 40,000 37,000 35,494 524-531.100 Attorney Fees - Code 16,000 10,000 16,932 524-534.000 Other Contractual Services 30,000 25,000 108,265 524-535.000 Operating Expenses 3,000 3,000 3,181 524-540.000 Travel and Training 3,445 2,500 3,209 524-547.000 Printing & Binding 1,500 1,500 1,511 524-551.000 Office Supplies 800 - 761 524-552.000 Safety Equipment 350 350 - 524-554.000 Dues and Subscriptions 3,000 1,500 4,737 524-564.000 Machinery and Equipment - Capital Outlay - - 76,210 Excess Reserves 50,000 - - Emergency Reserves - Permit Fees 175,000 - - Total Building & Inspections 595,000 329,210 442,093 EMERGENCY & DISASTER RELIEF 525-549.200 Emergency Management 25,000 10,000 46,873 525-564.000 Machinery and Equipment - - 849 Total Emergency & Disaster Relief 25,000 10,000 47,722 9 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2025 - 2026 2024 - 2025 2023- 2024 Proposed Budget Proposed Budget Actual GARBAGE & SOLID WASTE CONTROL 534-534.900 Garbage and Trash 488,250 465,000 464,538 Total Garbage & Solid Waste 488,250 465,000 464,538 PHYSICAL ENVIRONMENT / MAINTENANCE 539-512.000 Regular Salaries and Wages 189,980 166,000 165,193 539-514.000 Overtime 6,320 11,620 - 539-521.000 Social Security Taxes 12,174 11,200 10,355 539-521.100 Medicare Taxes 2,846 2,575 2,297 539-522.000 Retirement Contributions 27,550 24,250 21,847 539-523.000 Health Insurance 32,220 32,400 27,718 539-523.100 Life Insurance 400 400 - 539-524.000 Workers Compensation Insurance 18,100 18,100 7,789 539-540.000 Travel and Training - 3,000 - 539-546.000 Repairs and Maintenance 22,000 - 21,020 539-552.000 Operating Supplies 20,000 10,000 23,810 539-552.100 Fuel and Vehicle Maintenance 15,000 16,000 11,707 539-554.000 Dues and Subscriptions 1,000 1,000 - 539-564.000 Machinery and Equipment - Capital Outlay - 155,000 68,685 Total Physical Environment / Maintenance 347,590 451,545 360,421 ROAD & STREET FACILITIES 541-543.100 Street Lighting 88,000 85,650 87,370 541-552.200 Street Maintenance & Repair 2,000 93,250 360 541-562.000 Improvements - Capital Outlay 126,500 83,250 64,000 Total Road & Street Facilities 216,500 262,150 151,730 LIBRARY 571-534.850 Public Library 55,150 55,550 52,215 Total Library 55,150 55,550 52,215 PARKS 572-546.200 Parks General Maintenance 65,000 45,000 66,061 572-562.000 Park Improvements 90,000 115,000 34,700 572-564.000 Machinery and Equipment - - 7,978 Total Parks and Recreation 155,000 160,000 108,739 CULTURE & RECREATION 579-548.100 Special Events 25,000 25,000 24,459 579-548.200 Holiday Expenditures 15,000 15,000 18,951 579-583.000 Civic / Youth Donations 1,500 1,500 1,355 Total Culture & Recreation 41,500 41,500 44,765 TOTAL EXPENDITURES 4,061,225 4,104,175 3,656,676 TRANSFERS TO OTHER FUNDS 519-581.400 Transfer to Sewer Fund - - - Total Transfers to Other Funds - - - INCREASE (DECREASE) IN NET POSITION - - 653,299 10 CAPITAL IMPROVEMENT FUND Fiscal Year Fiscal Year Fiscal Year 2025 - 2026 2024 - 2025 2023- 2024 Proposed Budget Proposed Budget Actual Capital Improvement Fund Revenue 431.230 One Cent Sales Tax 365,200 358,000 328,886 432.260 Land Dedication Units - - 55,500 432.270 Multimodal Impact Fees - - 4,627 433.350 ARPA - SLFRF Funding 49,928 - 52,274 433.490 Grant Funding 1,886,319 335,000 - 433.730 County Grant - Undergounding Utilities 2,394,223 1,763,000 - 434.392 Stormwater User Fee 43,500 43,500 43,758 436.120 General Interest 135,000 100,000 160,603 477.005 Utilization of Prior Year Reserves 358,175 744,025 - TOTAL REVENUE 5,232,345 3,343,525 645,648 Capital Improvement Fund Expenditures NON DEPARTMENTAL 519-551.531 Engineering 5,000 12,000 6,712 519-551.533 NPDES Annual Reporting 6,500 60,000 6,500 519-551.534 NPDES 20 Year Study 40,000 - 41,241 519-563.000 Improvements - Capital Outlay 4,062,415 2,500,000 - 519-538.600 Stormwater System - Capital Outlay 846,905 500,000 48,500 519-571.000 Debt Payment - Principal 256,410 256,410 256,410 519-572.000 Debt Payment - Interest 15,115 15,115 27,239 Total Other General Government 5,232,345 3,343,525 386,602 TOTAL EXPENDITURES 5,232,345 3,343,525 386,602 INCREASE (DECREASE) IN NET POSITION - - 259,046 11 SEWER FUND Fiscal Year Fiscal Year Fiscal Year 2025 - 2026 2024 - 2025 2023- 2024 Proposed Budget Proposed Budget Actual Sewer Fund Revenue 434.351 Sewer Service 1,016,355 1,016,355 1,143,271 436.110 Interest 100,000 100,000 95,164 433.350 ARPA - SLFRF Funding 77,726 - 58,759 477.005 Utilization of Prior Year Reserves 245,919 599,345 - 1,440,000 1,715,700 1,297,194 TOTAL REVENUE 1,440,000 1,715,700 1,297,194 Sewer Fund Expenses NON DEPARTMENTAL 519-541.000 Communications 500 1,200 273 519-543.000 Utility Services 30,000 90,000 28,554 519-546.000 Repairs and Maintenance 60,000 125,000 58,759 519-549.100 Bank Fees 1,250 1,250 975 519-549.400 County Billing Collection Fees 3,250 3,250 - 519-563.000 Improvements - Capital Outlay 500,000 650,000 - 519-590.000 Depreciation 75,000 75,000 72,531 Total Non-Departmental 670,000 945,700 161,092 SEWER SERVICES 535-534.950 County Sewer Treatment Costs 770,000 770,000 695,572 Total Sewer Services 770,000 770,000 695,572 TOTAL EXPENDITURES 1,440,000 1,715,700 856,664 INCREASE (DECREASE) IN NET POSITION - - 440,530 12 ANTICIPATED CAPITAL PROJECTS Fund Account Account Description Project Description Budget General Fund 541-562.000 Improvements Street Lighting Project 83,250 Street Improvements 43,250 126,500 572-562.000 Park Improvements Nature Park Sign Project 25,000 County Parking Lot Improvements 25,000 Constitution Park Parking Lot 40,000 90,000 Total General Fund 216,500 Capital Projects Fund 519-563.000 Improvements - Capital Outlay West Side Gulf Blvd. Undergrounding 4,062,415 519-538.600 Stormwater System - Capital Outlay Stormwater Improvements / Master Plan 846,905 Total Capital Projects Fund 4,909,320 Sewer Fund 519-563.000 Improvements - Capital Outlay Sewer System Improvements 500,000 Total Sewer Fund 500,000 Total Capital Improvements $ 5,625,820 13  Capital Improvement Plan Project Description Department Cost of Project 2025-26 2026-27 2027-28 2028-29 GENERAL FUND Parks Nature Park Sign Project Park Improvements $25,000 $25,000 County Parking Lot Improvements Park Improvements $25,000 $25,000 Constitution Park Parking Lot Park Improvements $40,000 $40,000 Streets Street Lighting Project (includes gravel lot) Improvements $166,500 $83,250 $83,250 Street Improvement Project Improvements $83,250 $43,250 CAPITAL IMPROVEMENT FUND Stormwater Stormwater Infrastructure Stormwater System $3,887,620 $846,905 $846,905 $846,905 $846,905 Utilities Utility Undergrounding Project Improvements $4,062,415 $4,062,415 SEWER FUND Sewer Sewer System Improvements Improvements $4,000,000 $500,000 $500,000 $500,000 $500,000 TOTAL $12,289,785 $5,625,820 $1,430,155 $1,346,905 $1,346,905 14 Town of Redington Shores Signage and Parking Improvements Promoting and maintain a safe and desirable living and working environment while at the same time maintaining and improving the quality of our community, the goal of this project is to reduce sign clutter as much as possible by incorporating messaging into a single advisory sign and to develop a systematic distribution of amenities for benches, refuse receptacles, bicycle racks, etc. Well-planned parks and recreation systems, using Florida Friendly landscaping provisions, can increase property values, foster job creation, and provide a foundation for sustainability and resource management. Target Date: September 30, 2026 FY 2026 Nature Park Sign Project 25,000 County Parking Lot Improvements 25,000 Constitution Park Parking Lot 40,000 15 Town of Redington Shores Streets Maintenance and Improvement Program The Town's sidewalk system, along both Town streets and Gulf Boulevard, needs to be maintained for the safe and efficient passage of pedestrians. To that end, a census for sidewalk conditions within the Town needs to be conducted to identify the areas for improvement. Upon completion of the census a prioritized list of needed improvements will be developed so that the necessary work can be conducted. Target Date: September 30, 2026 FY 2026 Street Lighting 83,250 Street Improvements 43,250 16 Town of Redington Shores Storm Drain Maintenance and Improvement Program Preserving our existing infrastructure is essential. Proper maintenance, including consistent vegetation removal, crack sealing, patching, and fabric and pavement overlays can extend the life expectancy of existing improvements. Prior to work schedule development, a census of the Town's roadways, and their current conditions, must be completed. This will enable staff to direct maintenance and repair efforts based upon priority. The Town is currently pursuing a hazard mitigation grant (HMGP) for the purpose of addressing the most critical infrastructure deficiencies within the stormwater system. If awarded, the Town will receive up to 75% of the cost of these efforts to address flooding within the most frequently impacted areas of the Town. Following a routine stormwater system maintenance schedule is also a critical component of this infrastructure improvements project. It has been estimated that the necessary funding to improve all elements of the Town's stormwater system will cost approximately $3.8M Target Date: Ongoing FY 2026 Stormwater Infrastructure 846,905 635,175 HMGP Grant Revenue 17 Town of Redington Shores Utility Undergrounding Project Undergrounding of the utilities (Duke Energy and Spectrum Cable) along the western portion of Gulf Boulevard is of critical importance to the Town. This project is estimated to cost approximately $4,000,000.00 and involves binding cost estimates (BCE's), which must be paid in full to each of the two utilities and submitted for reimbursement by September 30, 2026, to qualify for reimbursement from Pinellas County. Staff have submitted this project for consideration of an HMGP grant – with potential grant funding of up to 75% of the project cost. Target Date: September 30, 2026 FY 2026 Utility Undergrounding Project 3,800,000 Duke Energy 243,415 Spectrum 19,000 Consultant 4,062,415 Total Estimated Cost 2,394,223 Pinellas County Reimbursement Revenue 1,251,145 HMGP Grant Revenue 18 Town of Redington Shores Sewer System Improvement Project The Town's sewer system requires improvements to the three remaining main lines and all associated laterals for work not previously completed. These improvements are also necessary to relinquish ownership control of the sewer system to Pinellas County Utilities. The project has a funding need of an estimated $4,000,000.00 to complete. Target Date: Ongoing FY 2026 Sewer System Improvements 500,000.00 19