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 $264,269,880. This amount includes an available estimated beginning fund balance of $77,259,970. This is an increase of $28,194,933, or 11.9% from the fiscal year 2023 adopted budget of $236,074,948. Governmental funds are proposed to be $235,293,316, which comprises 89% of the total revenues and sources. Proprietary funds are proposed to be $28,976,564, which comprises 11.0% 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 total $89,080,958, or 33.7% of the total revenues and sources. The estimated Beginning Fund Balance is proposed to total $77,259,970, or 29.2% of the total revenues and sources. Other significant sources of revenues and their proposed totals include:

Charges for Services - $39,403,686
Intergovernmental - $13,313,059
Permits and Fees - $8,279,000
Miscellaneous Revenue - $3,632,393
Franchise Fees - $6,060,000
Impact Fees - $11,702,000

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

Expenditures and other uses for All Funds total $264,269,880. This amount includes an estimated ending reserves balance of $61,409,435. Fiscal year 2024 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 total $106,272,513, or 40.2% of total expenditures and uses. The estimated Ending Reserves Balance total $61,409,435, or 23.2% of the total expenditures and uses. Other significant uses of expenditures totals include:

Operating - $47,021,276
Debt Service - $6,906,532
Capital Outlay - $31,786,858

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.