BUDGET SUMMARY Town of Miami Lakes - FY2025-2026 THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE TOWN OF MIAMI LAKES ARE 4.7% LESS THAN LAST YEARS TOTAL OPERATING EXPENDITURES Millage per $1,000 General Fund Millage: 2.2459 The General Fund Millage is 15.8% percent higher than the State defined Rolled Back Rate ESTIMATED REVENUES General Fund Special Revenue Electric Utility Funds Tax Revenue Debt Service Capital Projects terprise Fund Internal Total Fund Fund Fund En Service Fund All Funds Ad Valorem Taxes: Millage per $1,000 = 2.2459 11,334,492 - - - - - - 11,334,492 Non-Ad Valorem Assessment - 1,562,777 - - - - - 1,562,777 Franchise Fees 1,500,000 - - - - - - 1,500,000 Charges for Services 1 39,788 - - - - 2,197,692 - 2,337,480 Utility Service Taxes 4,146,000 - 535,581 - - - - 4,681,581 Intergovernmental Revenue 4,972,870 4,410,554 - 143,686 8,258,358 2,665,608 - 20,451,076 Licenses and Permits 475,000 1,467,000 - - - - - 1,942,000 Fines & Forfeitures 316,700 4 5,000 - - - - - 361,700 Miscellaneous Revenue 185,000 70,000 - - 10,000 30,000 - 295,000 TOTAL SOURCES $23,069,850 $7,555,331 $535,581 $143,686 $8,268,358 $4,893,300 $0 $44,466,106 Transfers In 499,322 - - 534,081 3,372,200 - 538,398 4,944,001 Fund Balances/Reserves/Net Assets 3,250,659 4,951,629 - 1,047,471 8,178,101 9,003,339 - 26,431,198 TOTAL REVENUES, TRANSFERS & BALANCES $26,819,831 $12,506,959 $535,581 $1,725,238 $19,818,658 $13,896,639 $538,398 $75,841,305 ESTIMATED EXPENDITURES General Government 4,233,479 - 1,500 - - - 323,039 4,558,018 Transportation 1,560,732 1,633,262 - - 14,565,523 - - 17,759,517 Public Safety 12,020,169 1,712,347 - - - - 145,367 13,877,884 Parks, Recreation & Community Engagement 4,215,571 $215,437 - - 3,638,894 - - 8,069,901 Physical Environment - - - - - 9,852,747 - 9,852,747 Building, Code, Planning & Zoning 661,450 1,833,744 - - - - 69,992 2,565,186 Debt Services - - - 686,897 - 976,884 - 1,663,781 TOTAL EXPENDITURES $22,691,401 $5,394,790 $1,500 $686,897 $18,204,417 $10,829,631 $538,398 $58,347,035 Transfers Out 593,054 3,317,544 534,081 - 499,322 - - 4,944,001 Fund Balances/Reserves/Net Assets 3,535,376 3,794,626 - 1,038,341 1,114,919 3,067,008 - 12,550,270 TOTAL APPROPRIATED EXPENDITURES, TRANSFERS, RESERVES AND BALANCES $26,819,831 $12,506,959 $535,581 $1,725,238 $19,818,658 $13,896,639 $538,398 $75,841,305 THE TENTATIVE, ADOPTED, AND/OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE TOWN CLERK, 6601 MAIN STREET, MIAMI LAKES, FLORIDA 33014 AS A PUBLIC RECORD.