General Fund
Overview
Budget Overview
The General Fund is a governmental fund, which provides for services and programs as well as administrative functions for operating municipal government. Services include public safety functions such as police, fire, and code compliance services. Additionally, the General Fund provides cultural, recreational, and numerous and diverse social services programs. Administrative support includes property and land development, records management, personnel, budget and finance functions, computer operations, procurement, and legal services.
The FY 2022-23 General Fund Budget of $97,413,598 increased by $12,315,252 or 14.47%. The following table and corresponding chart provide the budgetary changes, and major revenue and expense categories utilized to balance the $97 million General Fund Budget.
Revenue Highlights
Revenue Highlights
- Property Taxes (+$11,540,514) - The June 1st property values from the Broward County Property Appraiser increased by 9.59% over last year. The budget is based on an operating millage rate of 8.2466, an increase of 1.2466 mills
- Intergovernmental Revenue (+$4,989,379) – The increase is primarily because of the funding anticipated from the American Rescue Plan Act (ARPA)
- Utility Taxes (+$200,000) – The increase is primarily because of higher electric utility service taxes.
- Franchise Taxes (+$300,000) – The increase is primarily because of Communication Service Tax and Franchise Taxes - Electricity.
- Slot Machine Proceeds (+$800,000) - The effects of COVID-19 are diminishing and tourism is coming back to peak levels
- Licenses and Permits (+$360,819) – The increase is primarily because of the new Certificate of Use program.
- Charges for Services (+$1,405,775) – The increase is primarily because of the new Parking Management Program division (4951).
- Certificate of Use (+$130,000) - The increase is primarily because of
- Miscellaneous Revenue - (+$3,000,000) The increase is primarily due to new the following stabilization strategies:
- Payment in Lieu of Franchise Fees from Water and Wastewater Utility (+$1,500,000)
- Solid Waste Franchise Fees (+$1,500,000)
Expenditure Highlights
Expenditure Highlights
The major increases/decreases are summarized as follows:
- Personal Services category increased $4,300,000 due to rising costs in health insurance, COLA and merit increases for the collective bargining units
- Fire costs related to personnel and operating increased by $1,132,535
- Fleet replacement program $962,982.
- Implementation of the Renewal & Replacement program $2,000,000
- Capital Projects increased $2,384,848
- Transfers Out increased by $1,132,535 and $394,764 respectively primarily because of an increase in the Tax Increment Financing (TIF) payment from the City to the Hallandale Beach Community Redevelopment Agency (HBCRA), transfer to capital fund for North City Beach facilities and Transportation Fund subsidy.
Fund Balance Reserves
NOTES:
- A 9% increase is budgeted for Ad Valorem revenue for FY 2022-23, 5% for FY24, and 3% for subsequent years.
- $4,989,379 is budgeted for the American Rescue Plan for FY 2022-23 and FY 2023-24.
- All other revenue assumptions for FY 2022-23 and subsequent years are based on recent trends.
- A 5.5% increase is budgeted for Non-Police Bargaining employees for FY 2022-23 and subsequent years.
- An 8% Iincrease is budgeted for Police Bargaining employees for FY 2022-23 and subsequent years.
- The SAFER Grant requires $890,679 in FY 2023-24, $1,919,962 in FY 2024-25, and $2,073,290 in FY 2025-26, and $2,239,153 in FY2026-27. These costs were removed from projections as per the recommended Stabilization Strategies.
- 14 positions related to the SAFER Grant for 6 months in 2023-24.
- 14 positions related to the SAFER Grant for a full year for FY 2024-25 and subsequent years, with an 8% increase from the prior years.
- A 5% increase is budgeted for Police & Fire Pensions for FY 2022-23 through FY 2025-26.
- A 4% increase is budgeted for Health Insurance for FY 2022-23 and 8% for subsequent years.
- A 4.2% increase is budgeted for the contract with the Broward Sheriff's Office for FY 2022-23 and subsequent years.
- A 3% increase is budgeted for the Tax Increment Financing payment to the CRA for FY 2022-23 and subsequent years.
- Includes $2,334,848 for Capital Improvement Projects