2024 ANNUAL REPORT
2024 ANNUAL REPORT
General Fund : Used to maintain the general operations of the Town ’ s government and municipal services . This includes funding most Town departments like law enforcement and public works as well as Town events and recreation activities . Revenues are generated primarily from property taxes .
Fire Fund : Used to maintain and track the annual implementation funding and expenses of the Town ’ s new fire rescue department . During implementation , funds are derived from annual appropriations from the Town ’ s general reserves to cover first year costs . This fund is part of the General Fund .
Health Insurance Fund : Used to fund the Town ’ s partially self-insured health insurance program . Funds are generated from premiums collected .
Building Fund : Enterprise fund used to operate the building department . Revenues are generated from charges for services and permit fees .
Debt Service Fund : Used to manage debts from bond issues and large capital projects .
Water Fund : Enterprise fund used to operate the water utility . Revenues are generated primarily from water sales and connection fees .
Stormwater Fund : Enterprise fund used to operate the stormwater utility . Revenues are generated from charges for services .
Capital Improvements Fund : Used to fund large capital improvement projects in the Town . Funds are generated from property taxes , and impact and developer fees .
Fire Rescue Debt Service Fund : Used to manage debt for the construction of the fire stations .
2024 & 2025 Budgets at a Glance
Each year , the Town takes a thoughtful approach to budgeting in order to efficiently provide services to its residents and make progress on its strategic plan . The Town ’ s fiscal year runs from October 1 through September 30 , and the Town ’ s annual budget is approved in September every year . The Town has nine funds that make up the annual budget for the Town . The largest of these funds is the General Fund , which supports the general operations of the Town .
Across all funds , the Town budgeted $ 146.0 million in FY2024 ( October 1 , 2023 to September 30 , 2024 ). In FY2025 , the budgeted – or planned – expenditure for all funds is $ 147.7 million . For a snapshot at how Town funds were allocated in FY2024 as well as how the FY2025 total budget is allocated by fund , see the infographic below .
On the left is a list of the funds with a brief description of each to explain what the fund covers , and where the revenues for each fund originate .
Total FY2025 budgeted expenditures for all funds are $ 147.7 million Total FY2024 budgeted expenditures for all funds are $ 146.0 million
$ 5.8M FY25 $ 5.5M FY24
$ 33.2M FY25 $ 32.1M FY24
Capital Improvements Fund
$ 12.5M FY25 $ 10.5M FY24
Stormwater Fund
$ 4.8M FY25 $ 4.4M FY24
Building Fund
Water Fund
Debt Service Fund
$ 2.0M FY25 $ 2.0M FY24
Community Redevelopment Agency ( CRA ) Budget The CRA in Jupiter was created in 2003 and manages the area along the coastal and Intracoastal waterways from Inlet Village south to Coastal Way , including the Riverwalk . The CRA has its own operating and capital improvement budget . Revenues are generated from incremental property taxes , and those revenues must be spent within the CRA boundaries . See jupiter . fl . us / CRA for more details .
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FIRE
$ 9.4M FY25 $ 9.1M FY24
General Fund
Health Insurance Fund
$ 77.1M FY25 $ 71.0M FY24
Fire Rescue Fund
$ 2.6M FY25 $ 11.4M FY24
Fire Rescue Debt Service Fund
$ 354K FY25 $ 0 FY24