Special Commission Meeting to adopt Tentative Millage Rate

BOARD OF COMMISSIONERS TOWN OF REDINGTON SHORES SPECIAL BUDGET MEETING WEDNESDAY, JULY 8, 2026 6:00 P.M. AGENDA A. CALL TO ORDER B. PLEDGE OF ALLEGIANCE C. ROLL CALL D. APPEARANCES AND PRESENTATIONS E. OLD BUSINESS F. NEW BUSINESS 1. Adoption of Tentative Millage Rate G. MISCELLANEOUS H. 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. Date: July 8, 2026 To: Board of Commissioners From: Margaret Carey, Town Manager Re: Adoption of Tentative Millage Rate Accounting Staff have prepared the attached memo explaining the ad valorem millage rate. Accounting Staff Recommendation: Staff respectfully requests that the Town Commission confirm: • The dates and times of the public hearings set forth in the attached schedule and • Set the proposed, tentative millage rate at 1.6896 mills. As noted, the final millage rate can be lower but not higher than the proposed, tentative millage rate.  Town of Redington Shores Memorandum Date: July 8, 2026 To: Mayor and Commission Subject: Tentative Property Tax Millage Rate for FY 2026-2027 Background: Each year, the Town is required to calculate and set an ad valorem millage rate based on the annual taxable values of the properties within the Town. This is an important step in the budgeting process and the main objective of tonight’s meeting. On July 1, 2026, The Pinellas County Property Appraiser’s office sent out the 2026 Preliminary Tax Roll. The Town’s 2026 gross taxable value is $1,192,440,048. This represents an increase of $20,894,118 or 1.78% compared to the prior year. Communication of Budget Process: The Town must notify the Property Appraiser of the current year’s calculated roll-back rate, the proposed millage rate, and the date, time and place of the Town’s first public hearing for setting the tentative millage and adopting the budget. Staff anticipates sending back the completed forms with the required information by Monday, July 27, 2026 based on the proposed, tentative millage rate established at this meeting. The Town must hold two public hearings on the millage rate and budget and the Town’s meetings may not be on the same date as that of the County or the School Board. Any change in the meeting time of the first public hearing on the budget will require notice to each Town property taxpayer. Accordingly, Staff recommends that the Commission will establish the public hearings for the millage rate and budget on the following dates and times:  First Public Hearing, Wednesday, September 9, 2026 – 6:00 P.M.  Final Public Hearing, Monday September 21, 2026 – 6:00 P.M. The Town budget hearing dates do not conflict with the meeting dates of the School Board or Pinellas County Commission. Tentative Millage: The proposed, tentative millage rate is important because once it is set, this rate cannot be increased unless each taxpayer is mailed a “Revised Notice of Proposed Property Tax.” The final millage rate cannot exceed the tentatively adopted millage rate, but it can always be lower. The draft of the proposed 2026-2027 budget is being prepared based on the existing millage rate of 1.6896. Using the existing millage rate of 1.6896 and a 96% collection rate, the estimated decrease in ad valorem tax revenue is $36,366 more than the budgeted amount for fiscal year 2026. This increase is calculated by comparing the fiscal year 2027 budgeted net ad valorem tax of $1,934,156 with the $1,897,790 budgeted in the prior year. Examples of projected revenues by millage rate at 96% collection rate: a. 1.6896 mill = $1,934,156 net ad valorem revenue – the existing millage rate b. 1.7058 mill = $1,952,702 net ad valorem revenue – the calculated roll back rate c. 1.7058 mill = $1,952,702 net ad valorem revenue – requires a majority vote d. 1.8764 mill = $2,147,994 net ad valorem revenue – 2/3 Commission vote required Rolled Back Millage Rate: The “roll-back” millage rate is defined as the millage rate that would produce the same amount of Ad Valorem revenue as was levied during the prior year, exclusive of new construction, additions and boundary changes. Based upon this year’s gross taxable value, the calculated roll-back rate is 1.7058 mills, which would generate revenues of $1,952,702 at a 96% collection rate, after allowing a 4% discount for early payment. Recommendation: Staff respectfully requests that the Town Commission confirm the dates and times of the public hearings set forth in the attached schedule and set the proposed, tentative millage rate at 1.6896 mills. As previously noted, the final millage rate can be lower but not higher than the proposed, tentative millage rate.  Capital Improvement General General Fund Fund - 45% Capital Fund Improvement Sewer Sewer Fund Fund - 19% 3,881,890 1,126,231 1,211,750 Budget Summary by Fund General Fund - 68% Capital Improvement Fund - 12% Sewer Fund - 20% 5  Town of Redington Shores Evaluation of Millage Rate Fiscal Year 2026 - 2027 Calculations Based on Gross Taxable Value: $1,189,754,356 2026 - 2027 Ad Valorem Estimated Collection Millage Rates Revenue Generated Rate: 96% Rolled-Back Rate 1.6593 1,974,159 1,895,195 Existing Rate 1.6896 2,010,209 1,929,800 Majority Vote Required 1.7341 2,063,153 1,980,628 2/3 Vote Required 1.9075 2,269,456 2,178,677 Trend Analysis of Taxable Value: Fiscal Year Taxable Value Dollar Amount Change Percentage Change 2022 - 2023 953,544,975 175,966,408 22.63% 2023 - 2024 1,075,326,561 121,781,586 12.77% 2024 - 2025 1,173,705,988 98,379,427 9.15% 2025 - 2026 1,171,545,930 -2,160,058 -0.18% 2026 - 2027 * 1,189,754,356 18,208,426 1.55% * Taxable value per 2026 Preliminary Tax Roll - 5/29/26 3  Municipalities in Pinellas CountyMillage Rates Levied for 2025 Taxes BELLEAIR SHORE 0.5345 NORTH REDINGTON BEACH 1.5000 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  MIKE TWITTY, PINELLAS COUNTY PROPERTY APPRAISER 2026 TAXABLE VALUE BY TAXING AUTHORITY AS OF MAY 29, 2026 2026 ESTIMATES 2026 Net 2026 Net 2025 Taxable 2026 Taxable % Change % Change % Change in 2025 Taxable 2026 Taxable % Change 2025 Just Value 2026 Just Value Taxable Value Taxable Value Tangible Value Tangible 2025 Total 2026 Total Real in Total NAME Just Value of Value Real Value Real TPP Tax Real Property Real Property New Value Personal Personal Taxable Value Taxable Value Property Taxable Real Property Property Property Val Construction Annexation Property Property Tax Val Value BELLEAIR 2,366,779,539 2,426,655,657 2.53% 1,370,157,761 1,453,426,464 12,324,519 - 13,614,475 13,902,598 1,383,772,236 1,467,329,062 6.08% 2.12% 6.04% BELLEAIR BEACH 1,333,795,022 1,296,119,085 -2.82% 882,554,466 939,911,868 42,903,478 - 2,552,677 2,752,291 885,107,143 942,664,159 6.50% 7.82% 6.50% BELLEAIR BLUFFS 594,618,363 573,048,656 -3.63% 398,200,600 404,773,202 906,202 - 9,333,737 9,246,431 407,534,337 414,019,633 1.65% -0.94% 1.59% BELLEAIR SHORE 386,843,670 354,783,906 -8.29% 265,399,822 283,289,831 6,336,332 - 254,372 285,912 265,654,194 283,575,743 6.74% 12.40% 6.75% CLEARWATER 28,386,685,066 27,442,489,760 -3.33% 18,546,456,821 18,911,357,927 337,917,732 2,690,589 662,484,836 731,686,645 19,208,941,657 19,643,044,572 1.97% 10.45% 2.26% DUNEDIN 8,539,039,835 8,356,217,487 -2.14% 4,724,374,977 4,936,276,597 79,007,162 - 102,645,980 108,753,979 4,827,020,957 5,045,030,576 4.49% 5.95% 4.52% GULFPORT 3,071,405,094 2,809,396,233 -8.53% 1,768,250,890 1,780,447,608 19,362,133 - 17,201,114 17,789,817 1,785,452,004 1,798,237,425 0.69% 3.42% 0.72% INDIAN ROCKS BEACH 2,907,030,694 2,876,140,142 -1.06% 2,127,259,232 2,239,369,241 58,394,491 - 10,126,484 10,413,774 2,137,385,716 2,249,783,015 5.27% 2.84% 5.26% INDIAN SHORES 2,091,728,367 1,997,869,050 -4.49% 1,691,600,361 1,710,718,921 3,748,667 - 7,474,662 7,324,355 1,699,075,023 1,718,043,276 1.13% -2.01% 1.12% KENNETH CITY 579,150,262 572,088,511 -1.22% 309,567,836 328,092,640 2,287,311 - 14,336,632 16,558,901 323,904,468 344,651,541 5.98% 15.50% 6.41% LARGO 12,344,997,634 12,093,999,639 -2.03% 7,999,088,299 8,286,657,097 106,657,529 729,034 488,256,804 544,358,528 8,487,345,103 8,831,015,625 3.60% 11.49% 4.05% MADEIRA BEACH 2,612,911,715 2,682,308,392 2.66% 2,054,929,577 2,135,707,245 69,742,475 - 19,250,776 19,287,583 2,074,180,353 2,154,994,828 3.93% 0.19% 3.90% N REDINGTON BEACH 993,360,792 986,917,270 -0.65% 798,572,061 815,697,550 21,332,012 - 4,523,634 4,627,765 803,095,695 820,325,315 2.14% 2.30% 2.15% OLDSMAR 3,034,788,588 2,945,412,193 -2.95% 1,923,547,361 1,993,250,062 30,839,706 - 247,204,568 264,469,023 2,170,751,929 2,257,719,085 3.62% 6.98% 4.01% PINELLAS PARK 9,271,524,674 9,264,658,253 -0.07% 5,998,117,077 6,297,524,996 47,214,976 1,033,301 618,722,975 642,289,279 6,616,840,052 6,939,814,275 4.99% 3.81% 4.88% REDINGTON BEACH 1,011,677,639 1,006,496,032 -0.51% 748,035,508 795,234,864 36,818,305 - 46,687,545 52,745,112 794,723,053 847,979,976 6.31% 12.97% 6.70% REDINGTON SHORES 1,542,680,570 1,469,248,422 -4.76% 1,157,991,340 1,174,613,995 29,357,987 - 13,554,590 15,140,361 1,171,545,930 1,189,754,356 1.44% 11.70% 1.55% SAFETY HARBOR 4,160,313,525 4,131,281,037 -0.70% 2,154,173,819 2,251,170,520 15,160,660 2,306,481 61,896,499 68,634,082 2,216,070,318 2,319,804,602 4.50% 10.89% 4.68% SEMINOLE 3,892,966,432 3,777,685,836 -2.96% 2,307,041,626 2,365,504,445 31,435,578 - 88,815,176 89,468,387 2,395,856,802 2,454,972,832 2.53% 0.74% 2.47% SOUTH PASADENA 1,181,444,662 1,092,951,324 -7.49% 874,317,717 860,643,276 11,589,379 - 39,532,731 45,580,985 913,850,448 906,224,261 -1.56% 15.30% -0.83% ST PETE BEACH 6,693,475,807 6,546,743,220 -2.19% 4,926,044,907 5,094,499,727 137,728,901 - 80,799,642 62,578,032 5,006,844,549 5,157,077,759 3.42% -22.55% 3.00% ST PETERSBURG 60,301,885,904 59,931,333,756 -0.61% 35,373,960,397 37,848,868,820 1,583,309,585 - 1,445,644,537 1,499,777,172 36,819,604,934 39,348,645,992 7.00% 3.74% 6.87% TARPON SPRINGS 5,295,751,854 5,115,097,834 -3.41% 3,026,542,973 3,137,588,008 51,692,462 368,718 113,378,033 120,363,782 3,139,921,006 3,257,951,790 3.67% 6.16% 3.76% TREASURE ISLAND 3,900,394,449 3,885,950,819 -0.37% 2,947,427,125 3,054,986,606 95,387,624 - 20,415,846 22,769,663 2,967,842,971 3,077,756,269 3.65% 11.53% 3.70% June 1 estimate provided per Fl. Stat. s.200.065(8)  Fiscal Year 2026 - 2027 Operating and Capital Budget October 1, 2026 DRAFT  Town of Redington Shores Evaluation of Millage Rate Fiscal Year 2026 - 2027 Calculations Based on Gross Taxable Value: $1,189,754,356 2026 - 2027 Ad Valorem Estimated Collection Millage Rates Revenue Generated Rate: 96% Rolled-Back Rate 1.6593 1,974,159 1,895,195 Existing Rate 1.6896 2,010,209 1,929,800 Majority Vote Required 1.7341 2,063,153 1,980,628 2/3 Vote Required 1.9075 2,269,456 2,178,677 Trend Analysis of Taxable Value: Fiscal Year Taxable Value Dollar Amount Change Percentage Change 2022 - 2023 953,544,975 175,966,408 22.63% 2023 - 2024 1,075,326,561 121,781,586 12.77% 2024 - 2025 1,173,705,988 98,379,427 9.15% 2025 - 2026 1,171,545,930 -2,160,058 -0.18% 2026 - 2027 * 1,189,754,356 18,208,426 1.55% * Taxable value per 2026 Preliminary Tax Roll - 5/29/26 3 BUDGET SUMMARY - ALL FUNDS Capital Improvement General Fund Fund Sewer Fund Utilization of Prior Year Reserves 35,359 657,731 136,750 Intergovernmental 349,500 350,000 - Other - Charges for Services, Rentals, Fines 368,025 43,500 1,000,000 Investment Earnings 250,000 75,000 75,000 Ad Valorem Taxes 1,934,156 - - Building Department 521,850 - - Franchise Fees 248,000 - - Parking Fees 165,000 - - Business Taxes 10,000 - - TOTAL REVENUE 3,881,890 1,126,231 1,211,750 Capital Improvement Fund - 1,126,231 - Sewer Fund - - 1,211,750 Legislative 115,870 - - Administration 666,525 - - Other General Government 415,500 - - Law Enforcement 682,060 - - Fire Control 300,000 - - Building & Inspections 521,850 - - Emergency & Disaster Relief 50,000 - - Garbage & Solid Waste 495,000 - - Physical Environment / Maintenance 385,085 - - Road & Street Facilities 105,000 - - Library 55,000 - - Parks and Recreation 60,000 - - Culture & Recreation 30,000 - - TOTAL EXPENDITURES 3,881,890 1,126,231 1,211,750 6 BUDGET SUMMARY ANALYSIS - ALL FUNDS Capital Improvement General Fund Fund Sewer Fund TOTAL REVENUE 3,881,890 1,126,231 1,211,750 Less: Utilization of Prior Year Reserves (35,359) (657,731) (136,750) NET TOTAL REVENUE 3,846,531 468,500 1,075,000 TOTAL EXPENDITURES 3,881,890 1,126,231 1,211,750 Less: Capital Expenditures (35,000) (950,000) (500,000) NET TOTAL EXPENDITURES 3,846,890 176,231 711,750 SURPLUS/(DEFICIT) (359) 292,269 363,250 6 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2026 - 2027 2025 - 2026 2024- 2025 Proposed Budget Proposed Budget Actual General Fund Revenue 431.100 Ad Valorem Taxes 1,934,156 1,897,790 1,897,634 431.235 Communication Service Tax 74,000 60,000 70,047 431.240 Local Option Gas Tax 28,000 28,000 27,601 431.310 Electric Franchise Fee 240,000 242,000 230,267 431.330 Gas Franchise Fee 8,000 7,000 5,690 431.900 Property Transfer Records Search 3,000 2,000 3,900 432.110 Annual Business Tax Receipts 10,000 12,000 13,426 432.200 Building Permit Fees 325,000 225,000 594,401 432.201 Building Permit Fees - TRB - 40,000 344,846 432.210 Plan Review Fees 81,250 50,360 149,643 432.211 Plan Review Fees - TRB - 15,000 65,277 432.212 TRB Inspection Fee - - 94,880 432.220 Fire Safety 2,000 890 1,800 432.230 Electrical Fees 32,500 19,800 66,206 432.231 TRB Electrical Fees - 3,000 - 432.240 Plumbing Fees 32,500 17,100 74,718 432.241 TRB Plumbing Fees - 1,200 3,400 432.250 Mechanical Fees 20,000 17,720 32,224 432.251 TRB Mechanical Fees - 9,500 165,114 432.255 Reinspection Fees 500 2,500 - 432.256 TRB Reinspection Fees - 3,500 - 432.290 DBPR Surcharges 25,000 1,530 96,579 432.291 TRB DBPR Surcharges - - 74,441 432.295 Special Magistrate Fines - - 1,000 432.302 Zoning Clearance - With Zoning 3,000 5,000 30,016 432.303 Zoning Clearance - Without Zoning 100 100 - 432.304 TRB Technology Fees - 1,300 8,284 432.305 TRB Zoning Clearance - 6,500 - 433.350 ARPA - SLFRF Funding - - 240,056 433.490 State Grants - - 21,955 433.491 Federal Disaster Funding - - 27,682 433.492 State Disaster Money - - 7,516 433.512 State Revenue Sharing 70,000 72,700 73,150 433.515 Alcoholic Beverage Licenses 2,500 2,500 3,083 433.518 1/2 Cent Sales Tax Fund 175,000 176,225 175,468 433.519 County Parking Meters 130,000 125,000 141,951 433.520 Town Parking Meter Revenue 35,000 30,000 34,868 434.341 Garbage And Trash 340,000 488,250 361,004 434.342 Recycling Income - 1,500 - 434.900 Supervisor of Elections - 200 - 435.110 Court Fines 3,000 600 3,548 435.115 Parking Fines - 1,000 1,150 435.130 Police Education 25 25 62 436.120 General Interest 250,000 250,000 297,981 436.200 Sale of Promotional Items 1,000 2,500 1,105 436.210 Town Hall Rental 1,000 4,000 250 436.900 Miscellaneous Income 20,000 - 62,789 438.210 Transfers From Sewer Fund - - - 477.005 Utilization of Prior Year Reserves 35,359 237,935 - TOTAL REVENUE 3,881,890 4,061,225 5,505,012 7 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2026 - 2027 2025 - 2026 2024- 2025 Proposed Budget Proposed Budget Actual General Fund Expenditures LEGISLATIVE 511-511.000 Executive Salaries 40,800 40,800 40,457 511-521.000 Social Security Taxes 2,550 2,550 2,508 511-521.100 Medicare Taxes 600 600 587 511-522.000 Retirement Contributions 22,270 22,270 15,978 511-523.000 Health Insurance 46,000 29,655 38,775 511-523.100 Life Insurance 650 600 293 511-524.000 Workers Compensation Insurance - 230 - 511-540.000 Travel and Training 1,500 1,500 - 511-554.000 Dues and Subscriptions 1,500 1,500 350 Total Legislative 115,870 99,705 98,948 ADMINISTRATION 512-512.000 Regular Salaries And Wages 339,500 315,120 349,207 512-521.000 Social Security Taxes 21,500 20,000 21,651 512-521.100 Medicare Taxes 4,925 4,155 5,063 512-522.000 Retirement Contributions 74,500 66,195 58,810 512-523.000 Health Insurance 36,000 34,350 30,022 512-523.100 Life Insurance 600 600 176 512-524.000 Workers Compensation Insurance 4,000 3,840 3,407 512-540.000 Travel and Training 4,000 4,000 1,838 512-554.000 Dues & Subscriptions 3,500 2,000 3,273 513-531.100 Attorney Fees 60,000 45,000 47,565 513-532.000 Accounting and Auditing 40,000 135,000 25,650 513-533.000 Other Accounting 78,000 - 70,197 513-568.000 Computer Equipment - Capital Outlay - - - Total Administration 666,525 630,260 616,859 COMPREHENSIVE PLANNING 515-531.200 Engineering Fees - - - 515-534.100 Planning & Zoning / Board of Adjustment - - - 515-534.150 Special Magistrate - - 630 Total Comprehensive Planning - - 630 OTHER GENERAL GOVERNMENT 519-534.000 Other Contractual Services 15,000 15,000 68,916 519-534.300 Election Expenses 5,000 5,000 4,875 519-534.400 Advertising 5,000 4,500 6,290 519-534.500 General Code 2,400 10,000 2,143 519-534.600 Records Retention 15,000 15,000 12,544 519-541.000 Communications 32,000 27,000 32,431 519-541.100 Postage 2,000 3,500 2,916 519-543.000 Utility Services 55,000 50,000 46,292 519-545.000 Insurance 175,000 216,900 165,940 519-546.000 Repair & Maintenance - Services 15,000 18,000 7,376 8 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2026 - 2027 2025 - 2026 2024- 2025 Proposed Budget Proposed Budget Actual 519-546.100 Repair & Maintenance - Town Hall 15,000 11,000 16,256 519-547.000 Printing and Binding 1,500 5,000 1,437 519-548.000 Promotional Activities 500 8,000 631 519-549.100 Miscellaneous Expenses - - 6 519-549.400 Bank and Merchant Fees 100 5,000 100 519-551.000 Office Supplies 5,000 8,000 6,273 519-552.000 Operating Supplies 8,000 7,000 10,242 519-552.100 Fuel - - 53 519-554.000 Dues & Subscriptions 2,000 2,500 1,250 519-563.000 Improvements - Other Than Buildings - - 2,550 519-564.100 County Parking Meters Expenses 20,000 23,000 12,199 519-564.110 Town Parking Meter Expenses 15,000 5,500 18,452 519-564.300 Technology Maintenance 27,000 25,000 25,899 519-564.301 Technology Capital Outlay - - 14,848 519-564.302 Office Equipment - Capital Outlay - - 5,964 Total Other General Government 415,500 464,900 465,883 LAW ENFORCEMENT 521-534.700 Police Protection 682,000 649,020 618,114 521-534.750 Police Education 60 50 56 Total Law Enforcement 682,060 649,070 618,170 FIRE CONTROL 522-534.800 Fire Control 300,000 293,300 286,569 Total Fire Control 300,000 293,300 286,569 BUILDING & INSPECTIONS 524-512.000 Regular Salaries And Wages - 185,000 52,932 524-515.000 Overtime Pay - 2,500 - 524-521.000 Social Security Taxes - 11,625 3,282 524-521.100 Medicare Taxes - 2,750 768 524-522.000 Retirement Contributions - 26,500 6,164 524-523.000 Health Insurance - 42,000 6,378 524-523.100 Life Insurance - 400 117 524-524.000 Workers Compensation Insurance - 1,130 1,704 524-524.310 Code Enforcement 40,000 40,000 34,572 524-531.100 Attorney Fees - Code 20,000 16,000 22,106 524-534.000 Other Contractual Services 363,125 30,000 1,392,636 524-535.000 Operating Expenses - 3,000 6,430 524-540.000 Travel and Training - 3,445 199 524-547.000 Printing & Binding 1,500 1,500 - 524-551.000 Office Supplies 1,500 800 15,244 524-552.000 Safety Equipment 350 350 - 524-554.000 Dues and Subscriptions 500 3,000 653 524-564.000 Machinery and Equipment - - 10,955 524-564.301 Technology - Capital Outlay - - 3,517 Excess Reserves 94,875 50,000 - Emergency Reserves - Permit Fees - 175,000 - Total Building & Inspections 521,850 595,000 1,557,657 EMERGENCY & DISASTER RELIEF 525-549.200 Emergency Management 50,000 25,000 2,015,909 525-564.000 Machinery and Equipment - - - Total Emergency & Disaster Relief 50,000 25,000 2,015,909 9 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2026 - 2027 2025 - 2026 2024- 2025 Proposed Budget Proposed Budget Actual GARBAGE & SOLID WASTE CONTROL 534-534.900 Garbage and Trash 495,000 488,250 496,584 534-549.300 County Billing Collection Fees - - - Total Garbage & Solid Waste 495,000 488,250 496,584 PHYSICAL ENVIRONMENT / MAINTENANCE 539-512.000 Regular Salaries and Wages 205,000 189,980 183,573 539-514.000 Overtime 7,500 6,320 17,946 539-521.000 Social Security Taxes 12,710 12,174 12,494 539-521.100 Medicare Taxes 2,975 2,846 2,922 539-522.000 Retirement Contributions 30,000 27,550 27,030 539-523.000 Health Insurance 30,000 32,220 29,667 539-523.100 Life Insurance 400 400 234 539-524.000 Workers Compensation Insurance 16,000 18,100 11,926 539-546.000 Repairs and Maintenance 15,000 22,000 4,849 539-552.000 Operating Supplies 10,000 20,000 10,695 539-552.100 Fuel and Vehicle Maintenance 20,000 15,000 19,787 539-554.000 Dues and Subscriptions 500 1,000 - 539-562.000 Improvements - Capital Outlay 10,000 - 539-564.000 Machinery and Equipment - Capital Outlay 25,000 - 82,220 Total Physical Environment / Maintenance 385,085 347,590 403,343 ROAD & STREET FACILITIES 541-543.100 Street Lighting 90,000 88,000 88,707 541-552.200 Street Maintenance & Repair 15,000 2,000 25,088 541-562.000 Improvements - Capital Outlay - 126,500 3,192 Total Road & Street Facilities 105,000 216,500 116,987 LIBRARY 571-534.850 Public Library 55,000 55,150 55,541 Total Library 55,000 55,150 55,541 PARKS 572-546.200 Parks General Maintenance 60,000 65,000 44,613 572-562.000 Park Improvements - 90,000 56,171 Total Parks and Recreation 60,000 155,000 100,784 CULTURE & RECREATION 579-548.100 Special Events 12,000 25,000 11,620 579-548.200 Holiday Expenditures 18,000 15,000 18,302 579-583.000 Civic / Youth Donations - 1,500 1,500 Total Culture & Recreation 30,000 41,500 31,422 TOTAL EXPENDITURES 3,881,890 4,061,225 6,865,286 TRANSFERS TO OTHER FUNDS 519-581.300 Transfer to Capital Improvement Fund - - - 519-581.400 Transfer to Sewer Fund - - - Total Transfers to Other Funds - - - INCREASE (DECREASE) IN NET POSITION - - (1,360,274) 10 CAPITAL IMPROVEMENT FUND Fiscal Year Fiscal Year Fiscal Year 2026 - 2027 2025 - 2026 2024- 2025 Proposed Budget Proposed Budget Actual Capital Improvement Fund Revenue 431.230 One Cent Sales Tax 350,000 365,200 335,988 433.350 ARPA - SLFRF Funding - 49,928 49,928 433.490 Grant Funding - 1,886,319 - 433.730 County Grant - Undergounding Utilities - 2,394,223 - 434.392 Stormwater User Fee 43,500 43,500 43,131 436.120 General Interest 75,000 135,000 154,128 447.003 Land Dedication Reserves 350,000 477.005 Utilization of Prior Year Reserves 307,731 358,175 - TOTAL REVENUE 1,126,231 5,232,345 583,175 Capital Improvement Fund Expenditures NON DEPARTMENTAL 519-551.531 Engineering 10,000 5,000 15,320 519-551.533 NPDES Annual Reporting 10,000 6,500 9,500 519-551.534 NPDES 20 Year Study 25,000 40,000 24,990 519-563.000 Improvements - Capital Outlay - 4,062,415 519-538.600 Stormwater System - Capital Outlay 600,000 846,905 409,299 519-539.600 Streets/Lighting Improvements 150,000 - - 519-563.800 Underground Town - - 3,070 519.572.600 Park Improvements 200,000 - - 519-571.000 Debt Payment - Principal 128,208 256,410 256,410 519-572.000 Debt Payment - Interest 3,023 15,115 15,299 Total Other General Government 1,126,231 5,232,345 733,888 TOTAL EXPENDITURES 1,126,231 5,232,345 733,888 INCREASE (DECREASE) IN NET POSITION - - (150,713) 11 SEWER FUND Fiscal Year Fiscal Year Fiscal Year 2026 - 2027 2025 - 2026 2024- 2025 Proposed Budget Proposed Budget Actual Sewer Fund Revenue 434.351 Sewer Service 1,000,000 1,016,355 991,504 436.110 Interest 75,000 100,000 108,734 433.350 ARPA - SLFRF Funding - 77,726 77,726 477.005 Utilization of Prior Year Reserves 136,750 245,919 - 1,211,750 1,440,000 1,177,964 TOTAL REVENUE 1,211,750 1,440,000 1,177,964 Sewer Fund Expenses NON DEPARTMENTAL 519-541.000 Communications 500 500 283 519-543.000 Utility Services 25,000 30,000 12,613 519-546.000 Repairs and Maintenance 60,000 60,000 297,358 519-549.100 Bank Fees 1,250 1,250 966 519-549.400 County Billing Collection Fees 3,250 - 519-563.000 Improvements - Capital Outlay 500,000 500,000 460,787 519-564.000 Machinery and Equipment - - 12,995 519-564.003 Major Repair - - 69,729 519-590.000 Depreciation 75,000 75,000 - Total Non-Departmental 661,750 670,000 854,731 SEWER SERVICES 535-534.950 County Sewer Treatment Costs 550,000 770,000 508,891 Total Sewer Services 550,000 770,000 508,891 TOTAL EXPENDITURES 1,211,750 1,440,000 1,363,622 INCREASE (DECREASE) IN NET POSITION - - (185,658) 12 ANTICIPATED CAPITAL PROJECTS Fund Account Account Description Project Description Budget General Fund 539.562.000 Improvements - Capital Outlay Town Hall Improvements 10,000 539.564.000 Machinery & Equipment Skid Steer 25,000 Total General Fund 35,000 Capital Projects Fund 519-563.000 Improvements - Capital Outlay West Side Gulf Blvd. Undergrounding - 519-538.600 Stormwater System - Capital Outlay Stormwater Improvements / Master Plan 600,000 519-541.600 Improvements Street Lighting Project 50,000 Street Improvements 100,000 150,000 519-572.600 Park Improvements Public Beach Access Points 10,000 Town Sign Project 100,000 Town Park Improvements 75,000 Landscape Improvements 15,000 200,000 Total Capital Projects Fund 950,000 Sewer Fund 519-563.000 Improvements - Capital Outlay Sewer System Improvements 500,000 Total Sewer Fund 500,000 Total Capital Improvements $ 1,485,000 13  Monday June 1, 2026 Estimate of Taxable Value provided by Property Appraiser Wednesday June 24, 2026 Budget Workshop at 6:00 P.M. Wednesday July 1, 2026 Property Appraiser provides Certification of Taxable Value (DR-420) Wednesday July 8, 2026 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 28, 2026 date / time / place of first public hearing (DR-420, DR-420MM-P) Monday August 17, 2026 TRIM notices mailed by Pinellas County Wednesday August 26, 2026 Budget Workshop at 6:00 P.M. Friday August 28, 2026 Budget for first public hearing posted on Town website Wednesday September 9, 2026 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 16, 2026 (within 15 days after first public hearing and 2-5 days before second public hearing) Friday September 18, 2026 Budget for final public hearing posted on Town website Monday September 21, 2026 Final Public Hearing on Budget 6:00 P.M. (adopt final millage rate and budget) Thursday September 24, 2026 Finance to forward Resolution adopting final millage rate to Property Appraiser & Tax Collector (within 3 days of adoption) Monday September 28, 2026 Property Appraiser delivers DR-422, Final Taxable Value Certification, to taxing authorities Thursday October 1, 2026 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 2, 2026 (within 30 days of final public hearing) Friday October 9, 2026 Adopted Budget for fiscal year 2026 - 2027 posted on Town website USER/FINANCE/BUDGET