TOWN BUDGET AND ORGANIZATION
General Fund Revenues
In FY2021 , the Town ’ s General Fund collected $ 61.7 million in revenue , of which $ 33.5 million was in property taxes . Items like charges for services , licenses and permits also contributed to the General Fund revenues . In FY2022 , the Town expects to collect $ 56.7 million in General Fund revenues , which includes $ 33.3 million in property taxes . This number decreased slightly from 2021 to 2022 due to a change in reporting requirements by the State of Florida .
FY 2021 General Fund revenues exceeded expenditures by $ 4.9 million primarily due to a number of factors . Revenues from sales tax and state shared revenues exceeded estimates as they recovered from the impacts of the pandemic . Additionally , the General Fund received $ 3.4 million in bond proceeds to fund the purchase of an open space property ( known as the Taylor property ) from the 2019 voter-approved Land Acquisition Bond .
Pie chart , General Fund Reve-
$ 0.5
$ 0.4
FY2021 Actual * and FY2022 Budgeted ($ millions ) FY2021 General Fund revenues shown on the outer ring ; FY2022 shown on the inner ring .
$ 8.8
$ 0.2 $ 4.7
$ 8.6 |
$ 13.5
$ 8.0
|
$ 0.2 $ 1.2 $ 0.2
$ 0.2 $ 0.1
|
$ 33.3 |
$ 33.5 |
7
$ 5.0
General Fund Expenditures
General Fund expenditures for FY2021 were $ 56.8 million . Public safety accounted for approximately 43.5 percent of the overall General Fund expenses in 2021 , or $ 24.7 million . About $ 22.2 million was spent on general government operations . Across these expense categories , personnel costs – salaries and benefits -- make up the vast majority of expenditures .
In FY2021 , expenditures in the General Fund were lower than overall revenues collected by $ 4.9 million . $ 3.4 million of this can be attributed to the Taylor property purchase noted above , and the remaining $ 1.5 million can be attributed to reductions on overall operational expenses across departments as operations returned to normal after the pandemic . Budgeted expenditures for FY2022 are $ 56.7 million .
FY2021 Actual * and FY2022 Budgeted ($ millions ) FY2021 General Fund expenditures shown on the outer ring ; FY2022 shown on the inner ring .
Pie Chart General Fund Expendi- |
$ 24.7 |
$ 7.9
$ 26.2
$ 8.7
|
$ 18.6
$ 3.2
|
$ 22.2 |
General Government
( FY21 : $ 22.2 ) ( FY22 : $ 18.6 )
Culture & Recreation
( FY21 : $ 2.0 ) ( FY22 : $ 3.2 )
Public Safety
( FY21 : $ 24.7 ) ( FY22 : $ 26.2 )
Engineering & Public Works
( FY21 : $ 7.9 ) ( FY22 : $ 8.7 )
|
|
|
|
$ 2.0 |
|
|
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* Unaudited actual expenditures .