City of Pompano Beach
Budget-In-Brief
Fiscal Year 2022
City of Pompano Beach's Strategic Vision
By 2036, Pompano Beach is a superior place to live, visit and locate or expand a business along the Atlantic Coast of South Florida.
POMPANO BEACH is distinguished by: Our Safe Community; Our Sense of Place and Family; Our Distinctive Architecture; Our Award-winning, Beach and Beachfront; Our Range of Leisure, Entertainment, Arts and Cultural Amenities; Our Vibrant Activity Districts throughout the City - Downtown, Innovation, Beach, Isle, Cultural; Our Strong, Diverse Economic Sectors with Ample Employment Opportunities; Our Destination for Regional, National and International Guests; Our Location and Our Reputation for Sustainable, Resilient and Technologically Advanced Development and Redevelopment; Our Stable, Redeveloping Neighborhoods with a Range of Housing Options; Our Diverse Cultures and Inclusive Community; Our Resilient Community.
POMPANO BEACH 2036 is a City of great places with even greater opportunities and offers residents and visitors Florida’s Warmest Welcome!
FY 2023 Adopted Budget
The City of Pompano Beach adopts its operating budget and the five-year capital budget on an annual basis and utilizes TRIM (Truth in Millage Law, passed in 1980 by the Florida State Legislature) designed to keep the public informed about the taxes as proposed by the taxing authorities.
FY 2023 Budget In a Nutshell
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The total City of Pompano Beach adopted budget for FY 2023 is $360,782,892; which represents a -16.8% decrease or -$72.75M decrease when compared to the FY 2022 adopted budget of $433,510,744.
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The major reasons for this decrease is that the FY 2022 citywide budget accounted for a total of $79.39M phase II of three G.O. Bond capital improvement funds.
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No significant changes occurred between the City's proposed budget and the adopted budget.
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The City’s tax base for FY 2023 increased by $1.86B, for a total of 17,176,982,493. New construction totals 297M.
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FY 2022-2023 budget is balanced.
What Is New For FY 2023?
Despite the challenges the City faces every fiscal year, such as: aging infrastructure, climate issues, legislative hurdles and other socio-economic trials, the City continues to expand its services and invest in its infrastructure consistently with its long-term Strategic Plan and Vision to improve quality of life for the residents, businesses and visitors. The following highlight new programing and enhancements citywide.
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Enhancing parks and recreation and cultural arts events and programming by initiating the City's Halloween's event Boo Bash, Tunes and Trucks, Do Good Family Fun Day and MLK celebrations;
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Bringing code compliance services in-house and adding fifteen (15) new full-time positions to provide these services. This shift resulted in $400 thousand annual net savings for the City;
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Investing in existing and upcoming personnel;
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Funding and maintaining various parks, streets, streetlights, roads and bridges capital improvement projects;
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Replacing capital equipment - fire and utility trucks;
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American Rescue Plan Act (ARPA) federal grant funds of $2.5M is allocated in the General Fund to cover public safety expenditures.
In addition, the City continues to implement its General Obligation Bond funded capital improvement projects, which will enhance our infrastructure, roads, sidewalks, parks and recreation facilities, and public safety facilities. Have you noticed the new cover at the Amphitheatre; SE 5th Avenue Bridge upgrades; improvements at McNair and Mitchell Moore parks and the new Senior Activity Center?
Important Steps and Public Participation In The Budget Process
The City's budget process is an annual process that usually runs from November to October of each year. Every fiscal year, the City of Pompano Beach is required to prepare and adopt a balanced budget where revenues equal expenditures for all budgeted funds. For this purpose, a proposed budget is presented to the City Commission and the public during the June and July budget workshops and two public budget hearings in September.
The public is encouraged to educate themselves and be part of the annual budget process. Residents have the opportunity to serve on approximately 30 different advisory boards and/or attend all monthly or quarterly advisory board meetings. Each year, residents and businesses have the opportunity to participate in the June and July budget workshops, special city commission meetings, as well as, in two public budget hearings in September. Throughout the year, residents may also voice themselves at about twenty public City Commissions meetings or may contact the City Manager’s Office, Budget Office, Mayor, Vice-Mayor or their District Commissioners with any questions or comments.
Visualizing Your City's Budget
Major Revenue Sources for FY 2023
The revenue estimates for Fiscal Year 2023 are forecasted by the Budget Office and the Treasury Division based on historical trends, City Commission approved rate/fee adjustments, forecasted economic indicators conducted by the State’s Office of Economic and Demographic Research (EDR), Economist Intelligence Unit (EIU), as well as, an in-house forecasting model. However, each year comes with challenges whether they are legislative challenges, and/or other socio-economic factors.
Adopted total revenues for Fiscal Year 2023 for the City of Pompano Beach equal $360,782,892: Ad-valorem Taxes 28.9%, sales and use taxes 7.8%, licenses and permits 10.1%, intergovernmental revenues 4.8%, charges for services 22.4%, fines and forfeitures 0.3%, miscellaneous revenues 3.7%, other financing sources 17.2% and fund balance 4.8%.
For Fiscal Year 2023, major revenue sources based on 5% (rounded) or higher total $329,344,912 or approximately 91% of total budgeted revenues.
FY 2023 Adopted Operating Budget Book
The Adopted Operating and Line Item Detail budget books for FY 2023, as well as the animated budget videos can be found on the Budget Webpage. You can also browse through Budget Archive for past year's adopted budget documents.
The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to the City of Pompano Beach, Florida for its annual budget for the fiscal year beginning October 1, 2021. In order to receive this award, the City must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications tool.
The Award Wining Book is prepared of the very highest quality that reflects both the guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA best practices on budgeting.
This award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to the GFOA to determine the eligibility for another award.
Expenditures Allocation for FY 2023
The City's budget for FY 2023 is about $360.8 million. Approximately, $124 million of the total budget is dedicated to public safety operations (police, fire, EMS, code compliance).
Other expenditures account for these City services:
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Parks, recreation and cultural arts $19.8 million;
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Water, wastewater and stormwater drainage $56.2 million;
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Solid waste operations $10.5 million;
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General governmental services $93.4 million;
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Debt service (principal and interest) $17.6 million; and
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Transportation, infrastructure and maintenance $39.1 million.
Adopted Rates and Fees
As taxing authorities, the City of Pompano Beach and the Emergency Medical Services Dependent District (EMS) adopt their fire assessment fees and millage rates on an annual basis.
FY 2023 Millage Rates
The adopted millage rates for FY 2023 are as follows:
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General Fund operating millage rate of 5.2705;
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Emergency Medical Services District (EMS) millage rate of 0.5000; and
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Voted debt service millage rates of 0.3535 (Series 2018), and 0.2413 (Series 2021).
Millage Rates Variances
The adopted aggregate millage rate (City and EMS) of 5.7705 is approximately 11.11% above the rollback rate of 5.1937. The rollback rate is the rate at which the City would levy the same amount of ad-valorem revenues (property taxes) as in the previous fiscal year. The adopted aggregate millage rate (City, EMS, and Voted Debt Service) for FY 2023 of 6.3653 represents a decrease of -0.0263 mills or -0.41% when compared to the FY 2022 adopted aggregate millage rate of 6.3916.
The adopted operating millage rate of 5.2705 is anticipated to levy a total of $86.1M in net property taxes to support, maintain and in some instances enhance service levels for the City’s residents. Property taxes support about 48% of the total General Fund budget of $179,788,000. EMS adopted millage rate of 0.5000 is anticipated to levy about $8.2M in net property taxes which support 36% of EMS operations. Finally, both G.O. Bond debt service millage rates Series 2018 and Series 2021 will levy about $9.7M in net property taxes to pay for principal and interest of the bond series.
FY 2023 Final Aggregate Millage Rates in Broward County
When compared to 30 other municipalities in Broward County, the City of Pompano Beach’s aggregate millage rate of 6.3916 is ranked the sixteenth (16th) lowest.
FY 2023 Fire Rescue Assessment Program
The annual Fire Rescue Assessment Program within the incorporated areas of the City of Pompano Beach is to provide a dedicated source of funding for eligible fire rescue services, facilities, programs, personnel wages and benefits within the Fire Department, to exclude ocean rescue operations and emergency medical services. The fees paid to the City under this program cannot be used for any other purpose. The costs, covered by the fees, are apportioned by service demand (calls) that are placed on fire operations by residential, commercial, industrial/warehouse, and institutional properties.
It is estimated that the adopted fees will assess approximately $26.3M in gross revenues or $3.7K more than the FY 2022 adopted revenues of $22.6M.
FY 2023 Final Fire Residential Fees in Broward County
When compared to 30 other fire residential fees (single/multi-family/mobile homes), the City of Pompano Beach’s residential fire assessment fee of $250 per unit is ranked the eighth (8th) lowest.
Who Sets Your Property Taxes And Which Taxing Authorities Are Listed In Your Tax Bill?
The total amount indicated in your tax bill depends on these factors: the assessed value of your property, which is determined by the Broward County Property Appraiser's (BCPA); the tax rate, otherwise known as the millage rate, expressed as dollars per thousand, for each taxing authority that levy property taxes within the boundaries of the City of Pompano Beach; and the exemptions that the homeowners or the type of property is qualified and applied for. Each taxing authority may set more then one millage rate.
Taxing Authorities Listed In Your Tax Bill (Example)
If you reside in the City of Pompano Beach, each dollar you pay in property taxes is distributed as follows:
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27. 5 cents go to Broward Commission;
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29.8 cents go to the Broward County Public Schools;
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25.6 cents go to the City’s General Fund for its maintenance and operations and to provide vital services, such as: police, fire, public works;
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2.9 cents pay for debt and principal of the City’s General Obligation Bonds Series 2018 and Series 2021;
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About 11.8 cents go to other taxing authorities such as Children Services Council, North Broward Hospital and South Florida Water Management District.
The chart illustrates an example of the taxing authorities in the City of Pompano Beach and the segment/percentage of property taxes that each authority receives based on their millage rate(s) on an annual basis.
Additional Information
For FAQ and more information on the City's budget, please visit the City's Budget Webpage, Financial Transparency Portal, News and Stories and the City's Strategic Plan.
For FAQ, Senior Exemptions, Homestead and Other Exemptions follow the BCPA webpage.
©Budget Office, City of Pompano Beach, FL: October, 2022.