BUDGET SUMMARY VILLAGE OF PALMETTO BAY - FISCAL YEAR 2025-2026 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE VILLAGE OF PALMETTO BAY ARE 12.59% MORE THAN LAST YEAR’S TOTAL OPERATING EXPENDITURES Millage per $1,000 General Fund 1.000 General Fund Special Capital Total Revenue Project Budget Fund Fund ESTIMATED REVENUES: Ad Valorem Taxes - $10,796,617 $10,796,617 Millage Per $1,000 = 2.3018 Utility Taxes 3,699,060 3,699,060 Franchise Fees 1,956,936 1,956,936 Licenses and Permits 270,000 2,000,000 2,270,000 Intergovernmental 3,920,454 2,356,115 6,276,569 Revenue Fines & Forfeitures 225,000 225,000 Charges for Services 958,450 885,000 1,843,450 Miscellaneous Revenue 592,981 592,981 TOTAL SOURCES: $22,419,498 $5,241,115 $0 $27,660,613 Transfers In 200,000 250,000 3,352,513 3,802,513 Fund Balances/Net 14,346,730 6,328,064 2,480,691 23,155,485 Assets TOTAL REVENUES, $36,966,228 $11,819,179 $5,833,204 $54,618,611 TRANSFERS AND BALANCES: EXPENDITURES: General Government $6,431,394 5,000 0 $6,436,394 Public Safety 11,765,750 54,827 0 11,820,577 Building and Permitting 0 2,298,601 0 2,298,601 Public Works 0 5,568,268 0 5,568,268 Parks & Recreation 3,664,124 0 4,840,484 8,504,608 Debt Service 758,230 108,790 0 867,020 Ameriacn Rescue Plan Act 0 0 0 0 TOTAL EXPENDITURES: $22,619,498 $8,035,486 $4,840,484 $35,495,468 Transfers Out 3,802,513 174,000 0 3,976,513 Restricted Fund Balance 0 3,113,087 0 3,113,087 Commited Fund Balance 0 496,606 992,720 1,489,326 Assigned Fund Balance 4,700,000 0 0 4,700,000 Unassigned Fund Balance 5,844,217 0 0 5,844,217 TOTAL APPROPRIATED $36,966,228 $11,819,179 $5,833,204 $54,618,611 EXPENDITURES, TRANSFERS, RESERVES & BALANCES: THE TENTATIVE, ADOPTED, AND / OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE VILLAGE CLERK, 9705 EAST HIBISCUS ST, PALMETTO BAY, FL 33157 AS A PUBLIC RECORD.