VILLAGE OF NORTH PALM BEACH FINANCE DEPARTMENT

TO: Honorable Mayor and Council THRU: Andy Lukasik, Village Manager FROM: Samia Janjua, Director of Finance DATE: September 26, 2019 SUBJECT: ORDINANCE – 2nd Reading of Final Ad Valorem Tax Millage Rate; and 2nd

Reading of Approved Fiscal 2019-2020 Village Budget The attached Ad Valorem Tax Ordinance and Annual Budget Ordinance have been prepared for Council’s use in setting the Village’s Ad Valorem Tax Millage Rate and Annual Budget for the upcoming 2019-20 fiscal year. Council’s budget and millage rate adjustments have been incorporated into Budget Summary and Notice of Proposed Tax Increase advertisements, which have been published in the Palm Beach Post prior to this final reading, as required. The attached Ordinances establish and adopt the Village’s Fiscal Year 2019-2020 budget and set its annual millage rate at $7.5000 mils. This millage rate is 4.46% above the Village’s Fiscal Year 2019-2020 Rolled-Back Rate of 7.1798 mils. This year’s Budget Ordinance provides for an appropriation of $417,150 to be transferred to the Capital Projects Fund to finance the General Fund’s Capital Improvement Plan. The Budget Ordinance also includes a Council Contingency of $231,795 for unanticipated expenditures. At its September 12th Regular Session, Council approved the Millage Ordinance No. 2019-09 and Budget Ordinance No. 2019-10 on 1st Reading without modification. The attached Ordinances have been prepared and/or reviewed by the Village Attorney for legal sufficiency. Recommendation: The Administration recommends Council actions as outlined below:

1. Attorney reads title of Ordinance establishing and adopting an Ad Valorem tax millage rate for the fiscal year commencing 10/1/19 and ending 09/30/20.

2. Attorney reads title of Ordinance adopting a budget for the fiscal year

commencing 10/01/19 and ending 09/30/20.

3. Motion to adopt an Ordinance establishing the Ad Valorem Tax Millage Rate as required by Statute.

4. Motion to adopt an Ordinance adopting the Budget for Fiscal Year 2019-2020.

5. Staff presentation on BOTH Ad Valorem Tax Millage Rate and Budget.

6. Mayor Opens Public Hearing on BOTH Ad Valorem Tax Millage Rate and Budget.

7. Public Comment.

8. Mayor closes public hearing on BOTH Ad Valorem Tax Millage Rate and

Budget.

9. Council discussion on BOTH Ad Valorem Tax Millage Rate and Budget.

10. Mayor publicly announces: (1) rolled back rate; (2) percentage increase over rolled back rate; (3) millage rate to be levied.

11. Council vote on Motion to Adopt Ordinance establishing the Ad Valorem Tax

Millage Rate on 2nd reading.

12. Council vote on Motion to Adopt Ordinance adopting the Budget on 2nd reading.

ORDINANCE NO. 2019-09

AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ESTABLISHING AND ADOPTING THE FINAL LEVY OF AD VALOREM TAXES FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Village Council and Village Administration of the Village of North Palm Beach, having reviewed the budget for the fiscal year commencing October 1, 2019 and ending September 30, 2020 (“Fiscal Year 2019/2020”), have established a millage rate to finance said budget and meet the needs and requirements of the Village and its residents. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA as follows: Section 1. The Village Council hereby establishes and adopts an ad valorem tax operating millage rate of 7.5000 mils for Fiscal Year 2019/2020 and an ad valorem debt service millage rate of 0.000 mils for a total ad valorem tax millage rate of 7.5000 mils or $7.50 per one thousand dollars of taxable assessed property value. This millage rate is 4.46% greater than the rolled back rate of 7.1798 mils. Section 2. All ordinances or parts of ordinances and resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 3. This Ordinance shall be effective immediately upon adoption and implemented as of October 1, 2019. PLACED ON FIRST READING THIS 12TH DAY OF SEPTEMBER, 2019. PLACED ON SECOND, FINAL READING AND PASSED THIS 26th DAY OF SEPTEMBER, 2019. (Village Seal) MAYOR ATTEST:

VILLAGE CLERK

APPROVED AS TO FORM AND LEGAL SUFFICIENCY:

VILLAGE ATTORNEY

Page 1 of 3

ORDINANCE NO. 2019-10

AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ADOPTING THE ANNUAL BUDGET OF THE VILLAGE OF NORTH PALM BEACH FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020 AND AUTHORIZING ALLOCATIONS, APPROPRIATIONS AND EXPENDITURES IN ACCORDANCE WITH THE BUDGET AND AS AUTHORIZED BY LAW; APPROVING A COMPREHENSIVE PAY PLAN AND AUTHORIZING THE VILLAGE MANAGER TO MAKE TEMPORARY APPOINTMENTS TO BUDGETED POSITIONS; APPROVING A MASTER FEE SCHEDULE; PROVIDING FOR THE CREATION OF GOVERNMENTAL FUNDS WHEN NECESSARY; PROVIDING FOR THE RECEIPT OF GRANTS OR GIFTS; PROVIDING PROCEDURES FOR BUDGET AMENDMENTS; PROVIDING FOR THE LAPSE OF OUTSTANDING ENCUMBRANCES AND THE RE-APPROPRIATION OF UNEXPENDED APPROPRIATIONS FOR THE PRIOR FISCAL YEAR; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, on September 12, 2019 and September 26, 2019, the Village Council conducted duly advertised public hearings to review the proposed Annual Budget for the fiscal year commencing October 1, 2019 and ending September 30, 2020 (“Fiscal Year 2019/2020”) and has adopted a final Annual Budget to meet the needs and requirements of the Village and its residents for the upcoming fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA as follows: Section 1. The proposed Annual Budget for Fiscal Year 2019/2020 attached hereto as Exhibit “A” and incorporated herein by this reference is hereby adopted and established as the Village of North Palm Beach’s Annual Budget for Fiscal Year 2019/2020. Section 2. The amounts allocated in the Annual Budget for expenditure effective October 1, 2019 are authorized in accordance with the purposes as set forth in the Annual Budget. Section 3. The Annual Budget includes an appropriation in the amount of $417,150.00 to be transferred to the Capital Projects Fund to finance the General Fund’s Capital Improvement Plan. Section 4. Except as otherwise provided herein, the Annual Budget establishes limitations on expenditures by fund, and the total appropriation of each fund may not be increased or decreased without specific authorization by a duly enacted Ordinance effecting such amendment or transfer. Section 5. The Comprehensive Pay Plan, as set forth in the Annual Budget, is hereby approved. In the event that an authorized position is vacant and monies are available within a department’s salary appropriation to fund a temporary appointment to the vacant position, the

Page 2 of 3

Village Manager may appoint a temporary employee to fill said vacant position for a period not to exceed 90 days. Said temporary appointment may be renewable for an additional 90-day period and may only be made for the period pending the filling of the authorized position by a permanent employee. The pay for a temporary employee shall be within the pay scale of an approved Village Pay Plan position. The Village Council may revise the Comprehensive Pay Plan by Resolution during the Fiscal Year without need to amend this Ordinance. Section 6. The Master Fee Schedule for Fiscal Year 2019/2020, as set forth in the Annual Budget, is hereby approved and adopted. The Village Council may revise the Master Fee Schedule by Resolution during the Fiscal Year without need to amend this Ordinance. Section 7. When the Village receives monies from any private or governmental source by gift, grant, contribution or revenue share, to which there is attached as a condition of acceptance any limitation regarding the use or expenditure of the monies received, the funds so received need not be shown in the Annual Budget nor shall the Budget be subject to amendment or expenditure as a result of the receipt of said monies. Said monies shall only be disbursed and applied toward the purposes for which said funds were received. All monies received as contemplated by this section shall be segregated and accounted for based on Generally Accepted Accounting Principles (GAAP) and where appropriate, placed into separate and individual Governmental Fund accounts from which monies are disbursed and applied in accordance with the terms and conditions of the gift, grant or contribution. Section 8. The omnibus appropriation and expenditure authorization set forth herein may be temporarily or permanently suspended by Resolution of the Village Council if at any time it appears that the projected revenue supporting the above-described budget is below anticipated levels or may be temporarily or permanently suspended by Resolution of the Village Council for any other reason or purpose deemed proper by the Village Council. Section 9. Except as otherwise provided herein, in the event a variation from the total budget appropriation is or becomes necessary, such variation shall only become legally effective upon the adoption of an amending Ordinance consistent with Florida Statutes, the Village Charter and the Village Code of Ordinances. Section 10. All outstanding encumbrances for Non-Capital and Capital Expenditures on September 30, 2019 shall lapse at that time, and all unexpended Capital Expenditure encumbrances and appropriations and other encumbrances specifically designated to be carried over to the subsequent year may be added to the corresponding approved 2019/2020 available budget balances and be simultaneously re-appropriated for expenditure, as previously approved in the 2018/2019 Fiscal Year. Section 11. If any section, paragraph, sentence, clause, phrase or word of this Ordinance is for any reason held by a court of competent jurisdiction to be unconstitutional, inoperative or void, such holding shall not affect the remainder of this Ordinance. Section 12. All ordinances or parts of ordinances and resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict.

Page 3 of 3

Section 13. This Ordinance shall be effective immediately upon adoption and shall be implemented October 1, 2019. PLACED ON FIRST READING THIS 12TH DAY OF SEPTEMBER, 2019. PLACED ON SECOND, FINAL READING AND PASSED 26TH DAY OF SEPTEMBER, 2019.

(Village Seal) MAYOR ATTEST:

VILLAGE CLERK

APPROVED AS TO FORM AND LEGAL SUFFICIENCY:

VILLAGE ATTORNEY

Village of North Palm BeachFY 2019-2020 Annual Budget

FY 2020 Combined Budget Summary

2

Category General Fund Country Club Total

Millage Rate $7.50 N/A $7.50

Personnel $17,477,921 $1,006,219 $18,484,140

Operating 6,443,754 2,543,680 8,987,434Debt Service 1,553,357 433,689 1,987,046CIP Transfer 417,150 n/a 417,150Contingency 231,795 n/a 231,795

Total $26,123,977 $3,983,588 $30,107,565

Position Type General Fund Country Club Total

Full-Time 146 7 153Part-Time 68 28 96

General Fund Budget Summary

3

Category FY 2020 FY 2019 % Increase $ Increase

Millage Rate $7.50 $7.50 0% $0

Personnel $17,477,921 $16,782,752 4.14% $695,169

Operating 6,443,754 5,997,383 7.44% 446,371

Contingency 231,795 361,331 -35.85% (129,536)

Debt Service 1,553,357 1,431,336 8.52% 122,021

Transfer Out 417,150 405,000 3% 12,150

Total Budget $26,123,977 $24,977,802 4.59% $1,146,175

General Fund Expenses – by Category

4

Personnel$17,477,921

66.90%

Operating$6,443,754

24.67%

Debt Service$1,553,357

5.95%

Transfer Out$417,150

1.60%

Contingency$231,795

0.89%

Total Expenses $26,123,977

General Fund Expense Summary

5

FY 2020 Budget

FY 2019 Adopted Budget

% increase /(decrease)

$ increase / (decrease)

General Government:Village Council 131,598 141,810 -7.20% (10,212)Village Manager 678,600 753,749 -9.97% (75,149)Human Resources 433,625 397,028 9.22% 36,597 Finance 674,986 670,763 0.63% 4,223 Information Technology 479,953 416,442 15.25% 63,511 Village Attorney 160,000 160,000 0.00% -Village Clerk 319,575 435,719 -26.66% (116,144)Non-Departmental 268,000 258,077 3.84% 9,923 General Services-Village Hall 111,280 114,220 -2.57% (2,940)

Police & Fire:Police 6,456,631 6,016,983 7.31% 439,648 Fire Rescue 3,752,944 3,539,242 6.04% 213,702 General Services-Police & Fire 81,267 115,650 -29.73% (34,383)

Public Works:Public Works Admin 440,069 416,827 5.58% 23,242 Sanitation 1,778,696 1,747,263 1.80% 31,433 Facility Services 973,402 842,618 15.52% 130,784 Streets & Grounds 1,804,117 1,750,778 3.05% 53,339 Vehicle Maintenance 544,374 526,342 3.43% 18,032

Community Development:Community Planning 498,932 488,662 2.10% 10,270 Building 1,028,144 924,877 11.17% 103,267 Code Enforcement 246,870 245,384 0.61% 1,486

Leisure Services:Library 836,815 854,980 -2.12% (18,165)Parks & Recreation 1,078,062 1,138,618 -5.32% (60,556)Pool 324,201 164,929 96.57% 159,272 Special Events 93,000 101,000 -7.92% (8,000)Tennis 726,534 558,174 30.16% 168,360

Reserves & Other:Debt service 1,553,357 1,431,336 8.52% 122,021 Contingency / Other 231,795 361,331 -35.85% (129,536)Transfers Out 417,150 405,000 3.00% 12,150

Total Expenditures 26,123,977 24,977,802 4.59% 1,146,175

General Fund Expense Summary - By Department

6

GENERAL GOVERNMENT

$3,257,617 12.47%

POLICE AND FIRE$10,290,842

39.39%PUBLIC WORKS$5,540,658

21.21%

COMMUNITY DEVELOPMENT

$1,773,946 6.79%

PARKS AND RECREATION

$1,171,062 4.48%

LIBRARY$836,815 3.20%

POOL & TENNIS$1,050,735

4.02%

CONTINGENCY / TRANSFER

$648,945 2.48%

GENERAL FUND DEBT SERVICE

$1,553,357 5.95%

Total Expenses $26,123,977

General Fund Revenue Summary

7

FY 2020Budget

FY 2019 Adopted Budget

%increase /

(decrease)

$increase /

(decrease)

Millage Rate 7.5000 7.5000

RevenuesAd-Valorem Taxes $ 16,736,574 $15,941,051 4.99% $ 795,523

Utility Service Taxes 2,424,292 2,478,772 -2.20% (54,480)

Franchise Fees 1,315,000 1,227,209 7.15% 87,791

Sales & Use Taxes 308,655 311,598 -0.94% (2,943)

Licenses & Permits 1,110,200 980,100 13.27% 130,100

Intergovernmental 1,507,239 1,500,382 0.46% 6,857

Charges for Services 2,516,812 2,345,560 7.30% 171,252

Fines & Forfeitures 82,175 72,800 12.88% 9,375

Interest 95,530 95,530 0.00% 0

Miscellaneous 27,500 24,800 10.89% 2,700

Total Revenues: $ 26,123,977 $ 24,977,802 4.59% $1,146,175

FY 2020 General Fund Revenues

8

AD VALOREM TAXES$16,736,574

64.07%UTILITY SERVICE

TAXES$2,424,292

9.28%

FRANCHISE FEES$1,315,000

5.03%

SALES & USE TAXES$308,655

1.18%

LICENSES AND PERMITS$1,110,200

4.25%

INTERGOVERNMENTAL REVENUE$1,507,239

5.77%

CHARGES FOR SERVICES$2,516,812

9.63%

FINES AND FORFEITURES

$82,175 0.31%

INTEREST$95,530 0.37% MISCELLANEOUS

$27,500 0.11%

Total Revenue $26,123,977

1st Hearing follow up:Wet slip users will be able to make payments.

Vehicles$310,000

2%

Equipment$760,700

6%

Technology$113,900

1%

Village Facilities$447,900

3% Recreational Facilities$600,000

4%

Park Development

$1,517,000 11%

Streets & Roads$9,025,000

66%

Stormwater$925,000

7%

Total FY 2020-2024 Five Year CIP = $13,699,500

FY 2020 -2024 Five Year CIP Summary (by Category)

9

General Revenues$2,341,900

17%

Infrastructure Surtax

$3,335,000 24%

Grant Funding$4,427,600

32%

Country Club$245,000

2%

Other$3,350,000

25%

FY 2020 -2024 Five Year CIP Summary (by Funding Source)

10

Total FY 2020-2024 Five Year CIP = $13,699,500

FY 2020 Capital Outlay

11

General Revenues

Infrastructure Surtax

CountryClub

Recreation Grant Fund Total

FYE 2019 Balance (Estimate) $ 110,000 $ 60,000 $ 170,000FY20 Budget 417,150 840,000 40,000 200,000 1,497,150Available Balance $527,150 $900,000 $40,000 $200,000 $1,667,150

FY 2020 ProjectsVentilation / Rehab Fans $20,700 $20,700Virtualization 70,000 70,000Range / Cover Shot 40,000 40,000Rebuild Evidence Room 100,000 100,000Lakeside Park Paths 50,000 50,000Anchorage Park Enhancement 175,000 25,000 200,000 400,000Asphalt Resurfacing 10,000 300,000 310,000Pool Chiller 50,000 50,000Alley Wall Replacement 50,000 50,000Sidewalk Repairs 100,000 100,000Bridge Improvement - US1 25,000 25,000Seawall - Lakeside Park 60,000 60,000Storm-water Study 100,000 100,000

Total FY 2020 Projects $525,700 $610,000 $40,000 $200,000 $1,375,700

Net $1,450 $290,000 $0 $0 $291,450

1st Hearing Follow Up:Staff recommends appropriating the difference between budgeted surtax amount and actual receipts in FY 2019 to street resurfacing.

FYE 2019 2020 2021 2022 2023 2024 Total

Beginning Balance $ 170,000 $ 291,450 $ (92,686) $ (161,131) $ 204,300

General Revenue - Ad Valorem① 110,000 417,150 429,665 442,554 455,831 469,506 2,324,706

Infrastructure Surtax 60,000 840,000 840,000 840,000 840,000 840,000 4,260,000

Grants 200,000 1,012,600 215,000 500,000 2,500,000 4,427,600

Country Club 40,000 140,000 35,000 30,000 0 245,000

Other 0 275,000 300,000 275,000 2,500,000 3,350,000

TOTAL FUNDS $ 170,000 1,667,150 2,988,715 1,739,869 1,939,700 6,513,806 14,607,306

Vehicles 0 0 181,000 43,000 86,000 310,000

Equipment 110,700 513,500 58,000 78,500 0 760,700

Technology 70,000 0 0 43,900 0 113,900

Village Facilities 100,000 297,900 50,000 0 0 447,900

Recreational Facilities 0 400,000 200,000 0 0 600,000

Park Development 450,000 885,000 152,000 30,000 0 1,517,000

Streets & Roads 545,000 710,000 985,000 1,265,000 5,520,000 9,025,000

Storm-water 100,000 275,000 275,000 275,000 0 925,000

TOTAL PROJECTS 1,375,700 3,081,400 1,901,000 1,735,400 5,606,000 13,699,500

ESTIMATED ENDING BALANCE $ 291,450 $ (92,686) $ (161,131) $204,300 $907,806 $907,806

Capital Improvement Plan Cash Flow Summary FY 2020 - 2024

① CIP Transfer assumes 3% annual increase

FY 2020 Millage Rate Selection Options

MillageRate

Budgetary Ad-Valorem

% increase / (decrease) over RBR

CIP Transfer

Council Contingency

Vote Required

$7.50 $16,736,574 4.46% $ 417,150 $ 231,795 Two-Thirds

$7.42 $16,558,050 3.35% $ 417,150 $53,271 Majority

$7.40 $16,513,419 3.07% $ 417,150 $8,640 Majority

Millage Table1.00 MIL $ 2,231,543 .75 MIL $ 1,673,657 .60 MIL $ 1,338,926 .55 MIL $ 1,227,349 .50 MIL $ 1,115,772 .40 MIL $ 892,617 .35 MIL $ 781,040 .30 MIL $ 669,463 .25 MIL $ 557,886 .20 MIL $ 446,309 .10 MIL $ 223,154

Rolled-Back Rate (RBR) $7.1798 mils

Majority Vote Rate $7.4256 mils

A millage rate above $7.4256 will require a 2/3 vote

Country Club Budget Summary

14

Category FY 2020 FY 2019% Increase / (Decrease)

$ Increase / (Decrease)

Personnel $1,006,219 $828,298 21.48% $177,921

Operating 2,543,680 1,618,269 57.19% 925,411

Debt Service 433,689 433,689 0% 0

Total Budget $3,983,588 $2,880,256 38.31% $1,103,332

Country Club Budget Summary

15

Revenue FY 2020 Budget FY 2019 Budget % increase / (decrease)

$ increase / (decrease)

Greens fee/cart rentals/membership fees $ 2,610,854 $ 2,129,209 22.62% $ 481,645 Golf Shop revenues 406,000 159,400 154.71% 246,600 Driving range revenues 360,000 300,000 20.00% 60,000 Restaurant revenues 329,500 - 0.00% 329,500 Interest revenues - 10,000 -100.00% (10,000)Appropriated Retained Earnings 261,234 275,647 -5.23% (14,413)Miscellaneous 16,000 6,000 166.67% 10,000

Total Revenues $ 3,983,588 $ 2,880,256 38.31% $ 1,103,332

ExpensesPersonnel Costs 1,006,219 828,298 21.48% 177,921 Operating Costs

Golf Course Maintenance 1,430,000 1,163,500 22.91% 266,500 Golf Shop & Range 600,925 343,200 75.09% 257,725 Food & Beverage 50,000 12,314 306.04% 37,686 Country Club Administration 13,700 13,700 0.00% -Clubhouse & Grounds 392,500 29,000 1253.45% 363,500 Insurance & General Liability 46,555 46,555 0.00% -Attorney Fees 10,000 10,000 0.00% -

Capital OutlayCapital Outlay - - 0.00% -

Debt ServiceDebt Service 433,689 433,689 0.00% -

Reserves Contingency - - 0.00% -

Total Expenses $ 3,983,588 $ 2,880,256 38.31% $ 1,103,332

Revenues over (under) expenses $ - $ - $ -

# Rounds 42,500 40,000 -

DRIVING RANGE$360,000 9.04%

MEMBERSHIP$806,354 20.24%

CART RENTAL$841,000 21.11%WALKING FEES

$51,000 1.28%

GREENS FEES$904,000 22.69%

LESSONS$50,000 1.26%

BAG ROOM$12,000 0.30%

MERCHANDISE SALES$300,000 7.53%

FOOD & BEVERAGE$329,500 8.27%

GOLF CLUB & LOCKER RENTAL

$43,000 1.08%

RESIDENT CARD$10,000 0.25%

MISCELLANEOUS$15,500 0.39%

APPROP. RETAINED EARNINGS

$261,234 6.56%

Country Club Revenues

16

Total Revenues $3,983,588

Contractual Services$1,609,000

66.07%

Charge Card Fees$57,500 2.36%

Materials & Supplies$108,850

4.47%

Merchandise$219,000

8.99%

Repairs & Maintenance

$107,500 4.41%

Utilities$247,000 10.14%

Property/Casualty Insurance$46,555 1.91%

Legal Fees$10,000 0.41%

Marketing & Advertising

$30,000 1.23%

Personnel$1,006,219

25.26%

Operating$2,543,680

63.85%

Debt Service

$433,689 10.89%

Country Club Expenses

17

Total Expenses $3,983,588

Operating Costs (by category)

FY 2020 Budget Recap

18

• Current millage is set at 7.50 mils…This rate can’t be increased, but can remain the same or reduced

• The General Fund budget is balanced with $231,795 available in Council Contingency

• The Country Club budget is balanced with utilizing $261,234 in retained earnings (Note: This figure is for

budgeting purposes only)

• The budget provides for:• Capital improvements• Replacement of essential (capital) equipment and vehicles• Employee salary & benefit cost increases• Maintains and enhances the Village’s level of service. Amenities and quality of life programs remain fully

funded in FY’20

Administration Recommendation• Proceed with the budget (as presented) • Establish a millage rate of 7.50 mils, which is the Village’s current millage rate• Transfer $417,150 to CIP Fund

Questions & Comments

19