Budget Summaries

The City of Palm Beach Gardens fund structure consits of two major fund groups: Governmental and Propreitary. The Governmental fund group consists of the General Fund, Special Revenue Funds, and Capital Project Funds. The Proprietary group consists of Internal Service Funds.

This section provides an analysis of Revenues and Expenditures for all of the City's operating funds. Each summary provides a comparison of two years of actual history, one year of estimated actual, one year of amended budget, and one year of proposed budget.

Click on the links above for more detailed information for each fund.

Revenues and Other Sources

Revenues and other sources for All Funds total $236,074,948. This amount includes an available estimated beginning fund balance of $76,175,466. This is an increase of $18,483,848, or 8.5% from the fiscal year 2022 adopted budget of $217,591,100. Governmental funds are proposed to be $208,816,115, which comprises 88.5% of the total revenues and sources. Proprietary funds are proposed to be $27,258,833, which comprises 11.5% of the total revenues and sources.

Revenues and Other Sources by Type

Ad Valorem Taxes are the single largest source of funding for the City and are proposed to total $79,546,451, or 33.7% of the total revenues and sources. The estimated Beginning Fund Balance is proposed to total $76,175,466, or 32.3% of the total revenues and sources. Other significant sources of revenues and their proposed totals include:

Charges for Services - $35,874,079
Intergovernmental - $12,258,850
Permits and Fees - $7,355,930
Miscellaneous Revenue - $7,563,550 (includes a contribution of $5,000,000 from the developers of Avenir to be used to help fund the Burns Road Renovation)
Franchise Fees - $6,020,000
Impact Fees - $5,740,284

It is important to note that amended, adopted, and proposed budget numbers include Beginning Fund Balance amounts, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only revenues recognized each year. Beginning Fund Balance represents resources received and recognized in prior years as revenue but are available for appropriation in future years.

Expenditures and Other Uses

Proposed expenditures and other uses for All Funds total $236,074,948. This amount includes an estimated ending reserves balance of $80,839,000. Fiscal year 2023 proposed expenditures and other uses are balanced with the total proposed revenues and other sources.

Expenditures and Other Uses by Type

Personnel Costs are the largest use of expenditures for the City and are proposed to total $100,042,747, or 42.4% of total expenditures and uses. The estimated Ending Reserves Balance is proposed to total $80,838,999, or 34.2% of the total expenditures and uses. Other significant uses of expenditures and their proposed totals include:

Operating - $40,716,821
Debt Service - $6,925,167
Capital Outlay - $6,680,210

It is important to note that amended, adopted, and proposed budget numbers include Reserves, while actual and estimated actual do not. In accordance with Generally Accepted Accounting Principles, actual amounts reflect only expenditures recognized each year. Reserves represent funds that are held for restricted purposes or may be reallocated for specific purposes throughout the fiscal year.