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FY2025 Residents Guide to Budget - 1.16.25 FINAL

Page 1

ALL FUNDS

ADOPTED

GENERAL FUND

113,185,845

001 | GENERAL FUND

113,185,845

SPECIAL REVENUE FUNDS

19,167,958

102 | RENEWAL & REPLACEMENT

3,506,247

103 | POLICE TRAINING FUND

21,000

104 | POLICE/FIRE OUTSIDE SERVICES FUND

1,697,063

110 | POLICE EQUITABLE SHARING FUND

468,200

120 | THREE ISLANDS DISTRICT

575,226

121 | GOLDEN ISLES DISTRICT

613,795

CORE VALUES

Public Works $0.02

Trustworthy | Service Focused | Accountability Environmentally Sustainable | Fiscally Responsible Police $0.26

STRATEGIC FOCUS AREAS

Fire/Rescue $0.22

291,860

160 | TRANSPORTATION FUND

6,235,679

165 | LAW ENFORCEMENT TRUST FUND

89,080

170 | PERMITS & INSPECTIONS FUND

5,091,147

DEBT SERVICE FUNDS

5,382,815

202 | DEBT SERVICE GO BOND FUND

3,089,027

248 | DEBT SERVICE CAPITAL PROJECTS FUND

2,293,788

CAPITAL IMPROVEMENT FUNDS

3,006,107

302 | GO BOND FUND

107,939

348 | CAPITAL PROJECTS FUND

2,898,168

ENTERPRISE FUNDS

55,733,579

410 | SANITATION FUND

7,302,452

420 | CEMETERY FUND

734,697

440 | STORMWATER FUND

6,586,271

490 | UTILITY FUND

41,094,894 15,265

INTERNAL SERVICE FUNDS

10,234,771

530 | FLEET SERVICES FUND

5,303,504

570 | GENERAL LIABILITY FUND

3,342,681

575 | WORKERS' COMPENSATION FUND

1,588,586 206,711,075

LESS: CAPITAL FUNDS

3,006,107

INTERNAL SERVICE FUNDS

10,234,771

NET TOTAL FUNDS

193,470,197

Fiscal Stability

Economic Development & Affordable Housing

Strategic Focus Areas

Infrastructure & Mobility

Resident Services

Public Safety

2. FY 2025 Adopted Total by Strategic Focus Area

City Commission Mayor Joy Cooper Vice Mayor Michele Lazarow, Seat 4 Commissioner Mike Butler, Seat 1 Commissioner Joy D. Adams, Seat 2 Commissioner Anabelle Lima-Taub, Seat 3 CHARTER OFFICERS Dr. Jeremy Earle, City Manager/CRA Executive Director Jennifer Merino, City Attorney Jenorgen Guillen, City Clerk

Progress. Innovation. Opportunity.

FISCAL STABILITY 17%

RESIDENT SERVICES 5%

PUBLIC SAFETY 34% *Total of $187,842,209 excludes transfers

OTHER 2%

INFRASTRUCTURE & MOBILITY 34%

ECONOMIC DEVELOPMENT & AFFORDABLE HOUSING 8%

Human Service $0.02

Payment to CRA $0.13

Other $0.09 PROS

Sustainable $0.06 Development $0.03

Administration $0.15

Public Works also receives additional funding from other funds, such as the Water and Sewer Fund Capital Projects include city-wide cameras, parks improvement, and ADA compliance for sidewalks. Administration (City Commission, City Manager, Procurement, Budget & Program Monitoring, City Attorney, Finance, Innovation Technology, Human Resources, City Clerk) CRA (Community Redevelopment Agency) Other (Debt payments and set asides for capital projects, future equipment replacement needs, and general liability obligations) PROS (Parks, Recreation, Open Spaces), *54% of the General Fund budget is funded by property taxes.

4. Millage Trend and Adopted Millage for FY 2025 The City of Hallandale Beach has stayed true and committed to the promise made to the residents by making prudent financial planning, wise financial choices, and thoughtful investment strategies. Due to this, the City has been able to set the FY25 Millage to the roll back rate, which is the millage rate that would provide the same amount of revenue as the previous year’s millage rate. This means that as a City of Hallandale Beach resident, you will not pay more in taxes, for the portion of your Tax Bill that is owed to the City of Hallandale Beach.

7.0000

151 | ARPA FUND

Capital Projects $0.02

7.0000

578,203

TOTAL FUNDS

MISSION STATEMENT “To sustainably grow our community by creating a welcoming, safe, and culturally vibrant City led by a transparent and fiscally responsible government dedicated to fostering trust and enhancing quality of life.”

458

150 | GRANTS FUND

491 | UTILITY IMPACT FEES FUND

Resident’s Guide to Fiscal Year 2025 Budget

VISION STATEMENT “A cosmopolitan beachside community for progress, innovation, and opportunity that is the first choice in South Florida to live, work, and play.”

7.0000

140 | TREE TRUST FUND

CITY OF HALLANDALE BEACH

19/20

20/21

20/22

22/23

23/24

7.5884

2024-25

3. Where Does Your General Fund Dollar Go?

8.2466

BUDGET SUMMARY

1. Vision Statement, Mission Statement, Core Values, and Strategic Focus Areas

8.2466

9. FY 2025 BUDGET SUMMARY ALL FUNDS

24/25

To learn more information about Broward County Property Appraiser TRIM Information, scan the QR Code below with your mobile or tablet device.

For more information regarding Fiscal Year 2025 Strategic Plan, please visit: https://www.cohb.org/archive.aspx


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