city of hallandale beach fire assessment program update june 2015
TRANSCRIPT
City of Hallandale BeachFire Assessment Program
Update
June 2015
Current Fire Assessment Rates
Estimated Net Revenue: $5,800,000.
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Residential Property Use Category Rate Per Dwelling Unit
Residential $145
Non-Residential Property Use CategoriesRate Per 100 Square
Feet
Commercial $36.83
Office $21.62
Industrial/Warehouse $9.23
Institutional $36.83
Pari-Mutuel Property Use Category Rate Per Parcel
Pari-Mutuel $144,253.99
5 Year Average Assessable Costs(Fiscal Year 2015-16 through 2019-20)
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Fiscal Year 2015-16
Assessable Budget
Fiscal Year 2016-17
Assessable Budget
Fiscal Year 2017-18
Assessable Budget
Fiscal Year 2018-19
Assessable Budget
Fiscal Year 2019-20
Assessable Budget
Five Year Average
Assessable Budget
Expenditures
Personnel$7,047,84
0$7,392,106
$7,767,074
$8,177,494$8,629,01
2$7,802,70
5Operating $526,475 $542,270 $558,538 $575,294 $592,553 $559,026
Capital $55,436 $57,099 $58,812 $60,576 $62,393 $58,863
Debt Service $335,131 $335,131 $335,131 $335,131 $335,131 $335,131
Total Expenditures$7,964,88
2$8,326,605
$8,719,555
$9,148,495$9,619,08
9$8,755,72
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Total Revenues $617,230 $617,230 $617,230 $617,230 $617,230 $617,230
Total Net Expenditures$7,347,65
2$7,709,375
$8,102,325
$8,531,265$9,001,85
9$8,138,49
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Total Additional Costs $553,049 $580,276 $609,852 $642,138 $677,559 $612,575
Total Assessable Costs$7,900,70
2$8,289,651
$8,712,177
$9,173,403$9,679,41
8$8,751,07
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Cost Apportionment:(Based On Calendar Year 2013 & 2014 Weighted Call Data)
Residential72.89%
Commercial15.59%
Industrial/Warehouse2.11%
Institutional5.88%Pari-Mutuel
3.53%
Residential Commercial Industrial/Warehouse
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Cost Apportionment(5 Year Average) (100% Funding)
Category
Number of
Weighted Calls
Percentage of
Weighted Calls
Percentage ofFive Year Average
Assessable Costs
Residential 2,688 72.89% $6,377,545
Commercial 575 15.59% $1,365,350
Industrial/Warehouse
78 2.11% $184,293
Institutional 217 5.88% $515,514
Pari-Mutuel 130 3.53% $309,368
Total 3,688 100.00% $8,751,070
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Parcel Apportionment
Category Parcel Apportionment
Residential Per Dwelling Unit
Non-Residential
Per 100 Square Feet of Improvement Area Per Building
-Commercial
-Industrial/Warehouse
-Institutional
-Pari-Mutuel
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Parcel Apportionment
Residential Property Use Category
Dwelling Units
Residential 27,414
Non-Residential Property Use Categories
Total Square Feet
Total Square Feet/100
Commercial 4,247,742 42,477.42
Industrial/Warehouse 1,240,290 12,402.90
Institutional 1,272,213 12,722.13
Pari-Mutuel 866,742 8,667.42
Preliminary Assessment Rates (5 Year Average) (100% Funding)
Estimated Net Revenue: $8,133,557
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Residential Property Use CategoryRate Per Dwelling
Unit
Residential $233
Non-Residential Property Use Categories
Rate Per 100 Square Feet
Commercial $32.15
Industrial/Warehouse $14.86
Institutional $40.45
Pari-Mutuel Property Use CategoryRate Per 100 Square
Feet
Pari-Mutuel $35.70
Additional Assessment Rate Scenarios
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100% 95% 85% 75% 70%RESIDENTIAL PROPERTY USE CATEGORY
Rate Per Dwelling
Unit
Rate Per Dwelling
Unit
Rate Per Dwelling
Unit
Rate Per Dwelling
Unit
Rate Per Dwelling
UnitResidential $233 $222 $198 $175 $163
NON-RESIDENTIAL PROPERTY USE CATEGORIES
Rate Per 100 Square
Feet
Rate Per 100 Square
Feet
Rate Per 100 Square
Feet
Rate Per 100 Square
Feet
Rate Per 100 Square Feet
Commercial $32.15 $30.54 $27.33 $24.11 $22.51 Industrial/ Warehouse
$14.87 $14.12 $12.64 $11.15 $10.41
Institutional $40.45 $38.43 $34.38 $30.34 $28.31
Pari-Mutuel $35.70 $33.92 $30.35 $26.78 $24.99
ASSESSABLE COSTS
$ 8,751,864
$ 8,314,271
$ 7,439,084
$ 6,563,898
$ 6,125,749
INSTITUTIONAL/TAX-EXEMPT
$ 350,597
$ 333,089
$ 297,986
$ 262,970
$ 245,375
GOVERNMENT $
266,916 $
253,607 $
226,916 $
200,224 $
186,841 NET ASSESSMENT REVENUE
$ 8,134,351
$ 7,727,575
$ 6,914,183
$ 6,100,704
$ 5,693,533
Fee Levels – Broward County
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$450.00
$500.00 Fire assessment comparisoN
FY 14/15
Policy Direction
• Funding Level
• Exemption Policy– Government Parcels– Institutional Tax Exempt Parcels
• Other Issues
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