Regular Council Meeting - First Budget Hearing September 10, 2024

Village Council Joe I. Rasco, Mayor Allison McCormick, Vice Mayor Franklin H. Caplan Edward London Brett G. Moss Oscar Sardinas Fernando A. Vazquez 1. CALL TO ORDER/ROLL CALL OF MEMBERS 2. PLEDGE OF ALLEGIANCE 3. BRIEF COMMENTS BY COUNCIL 4. PUBLIC COMMENTS: 5. MILLAGE RESOLUTION: 5.A. A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, ADOPTING THE PROPOSED MILLAGE RATE OF THE VILLAGE OF KEY BISCAYNE FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, THROUGH SEPTEMBER 30, 2025, PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); SETTING A DATE FOR A FINAL PUBLIC HEARING TO ADOPT THE MILLAGE RATE; PROVIDING FOR AN EFFECTIVE DATE. BUDGET HEARING REGULAR COUNCIL MEETING TUESDAY, SEPTEMBER 10, 2024 6:30 PM If you would like to speak during public comments, please fill out a blue request form available at the Council Chamber entrance and submit it to the Village Clerk prior to the start of the meeting. When your name is called, please come forward to the podium and state your name and address. (If applicable, please state if you are a hired consultant or Village employee and/or engaged in lobbying activities and/or representing an organization.) Unless otherwise provided by Council, members of the public will have three (3) minutes to speak. TAB 1 September 10, 2024 www.keybiscayne.fl.gov 1 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

6. ORDINANCE: 6.A. AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA ADOPTING THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 THROUGH SEPTEMBER 30, 2025 PURSUANT TO SECTION 200.065, FLORIDA STATUTES (TRIM BILL); AND PROVIDING FOR AN EFFECTIVE DATE. 7. SCHEDULE OF FUTURE MEETINGS/EVENTS: 8. ADJOURNMENT TAB 2 REGULAR COUNCIL MEETING-2ND BUDGET HEARING TUESDAY, SEPTEMBER 24, 2024, 6:30 P.M., COUNCIL CHAMBER REGULAR COUNCIL MEETING TUESDAY, OCTOBER 15, 2024, 6:30 P.M., COUNCIL CHAMBER KEY BISCAYNE MUNICIPAL ELECTION TUESDAY, NOVEMBER 5, 2024, 7:00 A.M. TO 7:00 P.M., GYMNASIUM, KEY BISCAYNE COMMUNITY CENTER INSTALLATION CEREMONY WEDNESDAY, NOVEMBER 20, 2024, 7:00 P.M., KEY BISCAYNE COMMUNITY CENTER I. ANY PERSON WISHING TO ADDRESS THE VILLAGE COUNCIL ON AN ITEM ON THIS AGENDA IS ASKED TO REGISTER WITH THE VILLAGE CLERK PRIOR TO THAT ITEM BEING HEARD. PRIOR TO MAKING A STATEMENT, PLEASE STATE YOUR NAME AND ADDRESS FOR THE RECORD. II. IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT OF 1990, ALL PERSONS WHO ARE DISABLED AND WHO NEED SPECIAL ACCOMMODATIONS TO PARTICIPATE IN THIS PROCEEDING BECAUSE OF THAT DISABILITY SHOULD CONTACT THE OFFICE OF THE VILLAGE CLERK, 88 WEST MCINTYRE STREET, KEY BISCAYNE, FLORIDA 33149, TELEPHONE NUMBER (305) 365-5506, NOT LATER THAN TWO BUSINESS DAYS PRIOR TO SUCH PROCEEDINGS. III. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE VILLAGE COUNCIL WITH RESPECT TO ANY MATTER CONSIDERED AT A MEETING OR HEARING, THAT PERSON WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED (F.S.286.0105). September 10, 2024 www.keybiscayne.fl.gov 2 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

IV. IN ACCORDANCE WITH VILLAGE CODE SECTION 2-161, ADOPTING SECTION 2- 11.1(s) OF THE MIAMI-DADE COUNTY CODE, ANY PERSON ENGAGING IN LOBBYING ACTIVITIES, AS DEFINED THEREIN, MUST REGISTER AT THE VILLAGE CLERK’S OFFICE BEFORE ADDRESSING THE COUNCIL ON THE ABOVE MATTERS OR ENGAGING IN LOBBYING ACTIVITIES. THE ABOVE MEETINGS ARE HELD IN THE COUNCIL CHAMBER, 560 CRANDON BOULEVARD AND ARE SUBJECT TO CHANGE. ZONING MEETINGS AND SPECIAL COUNCIL MEETINGS WILL BE SCHEDULED ON AN AS NEEDED BASIS. PLEASE VISIT www.keybiscayne.fl.gov TO VIEW THE MEETING SCHEDULE. September 10, 2024 www.keybiscayne.fl.gov 3 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

Village Council Joe I. Rasco, Mayor Allison McCormick, Vice Mayor Franklin H. Caplan Edward London Brett G. Moss Oscar Sardinas Fernando A. Vazquez 1. CALL TO ORDER/ROLL CALL OF MEMBERS 2. PLEDGE OF ALLEGIANCE 3. BRIEF COMMENTS BY COUNCIL 4. PUBLIC COMMENTS: 5. MILLAGE RESOLUTION: 5.A. A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, ADOPTING THE PROPOSED MILLAGE RATE OF THE VILLAGE OF KEY BISCAYNE FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, THROUGH SEPTEMBER 30, 2025, PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); SETTING A DATE FOR A FINAL PUBLIC HEARING TO ADOPT THE MILLAGE RATE; PROVIDING FOR AN EFFECTIVE DATE. BUDGET HEARING REGULAR COUNCIL MEETING TUESDAY, SEPTEMBER 10, 2024 6:30 PM If you would like to speak during public comments, please fill out a blue request form available at the Council Chamber entrance and submit it to the Village Clerk prior to the start of the meeting. When your name is called, please come forward to the podium and state your name and address. (If applicable, please state if you are a hired consultant or Village employee and/or engaged in lobbying activities and/or representing an organization.) Unless otherwise provided by Council, members of the public will have three (3) minutes to speak. TAB 1 September 10, 2024 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 1

6. ORDINANCE: 6.A. AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA ADOPTING THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 THROUGH SEPTEMBER 30, 2025 PURSUANT TO SECTION 200.065, FLORIDA STATUTES (TRIM BILL); AND PROVIDING FOR AN EFFECTIVE DATE. 7. SCHEDULE OF FUTURE MEETINGS/EVENTS: 8. ADJOURNMENT TAB 2 REGULAR COUNCIL MEETING-2ND BUDGET HEARING TUESDAY, SEPTEMBER 24, 2024, 6:30 P.M., COUNCIL CHAMBER REGULAR COUNCIL MEETING TUESDAY, OCTOBER 15, 2024, 6:30 P.M., COUNCIL CHAMBER KEY BISCAYNE MUNICIPAL ELECTION TUESDAY, NOVEMBER 5, 2024, 7:00 A.M. TO 7:00 P.M., GYMNASIUM, KEY BISCAYNE COMMUNITY CENTER INSTALLATION CEREMONY WEDNESDAY, NOVEMBER 20, 2024, 7:00 P.M., KEY BISCAYNE COMMUNITY CENTER I. ANY PERSON WISHING TO ADDRESS THE VILLAGE COUNCIL ON AN ITEM ON THIS AGENDA IS ASKED TO REGISTER WITH THE VILLAGE CLERK PRIOR TO THAT ITEM BEING HEARD. PRIOR TO MAKING A STATEMENT, PLEASE STATE YOUR NAME AND ADDRESS FOR THE RECORD. II. IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT OF 1990, ALL PERSONS WHO ARE DISABLED AND WHO NEED SPECIAL ACCOMMODATIONS TO PARTICIPATE IN THIS PROCEEDING BECAUSE OF THAT DISABILITY SHOULD CONTACT THE OFFICE OF THE VILLAGE CLERK, 88 WEST MCINTYRE STREET, KEY BISCAYNE, FLORIDA 33149, TELEPHONE NUMBER (305) 365-5506, NOT LATER THAN TWO BUSINESS DAYS PRIOR TO SUCH PROCEEDINGS. III. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE VILLAGE COUNCIL WITH RESPECT TO ANY MATTER CONSIDERED AT A MEETING OR HEARING, THAT PERSON WILL NEED A RECORD OF THE PROCEEDINGS AND, FOR SUCH PURPOSE, MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED (F.S.286.0105). September 10, 2024 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 2

IV. IN ACCORDANCE WITH VILLAGE CODE SECTION 2-161, ADOPTING SECTION 2- 11.1(s) OF THE MIAMI-DADE COUNTY CODE, ANY PERSON ENGAGING IN LOBBYING ACTIVITIES, AS DEFINED THEREIN, MUST REGISTER AT THE VILLAGE CLERK’S OFFICE BEFORE ADDRESSING THE COUNCIL ON THE ABOVE MATTERS OR ENGAGING IN LOBBYING ACTIVITIES. THE ABOVE MEETINGS ARE HELD IN THE COUNCIL CHAMBER, 560 CRANDON BOULEVARD AND ARE SUBJECT TO CHANGE. ZONING MEETINGS AND SPECIAL COUNCIL MEETINGS WILL BE SCHEDULED ON AN AS NEEDED BASIS. PLEASE VISIT www.keybiscayne.fl.gov TO VIEW THE MEETING SCHEDULE. September 10, 2024 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 3

1 RESOLUTION NO. 2024- ___ A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, ADOPTING THE PROPOSED MILLAGE RATE OF THE VILLAGE OF KEY BISCAYNE FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, THROUGH SEPTEMBER 30, 2025, PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); SETTING A DATE FOR A FINAL PUBLIC HEARING TO ADOPT THE MILLAGE RATE; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on July 26, 2024, the Village of Key Biscayne (the “Village”) transmitted the Certificate of Taxable Value to the Property Appraiser determining the “Proposed Millage Rate” for the fiscal year commencing October 1, 2024, and further scheduled the public hearing required by Section 200.065 of the Florida Statutes to be held on September 10, 2024, at 6:30 p.m.; and WHEREAS, the Property Appraiser has properly noticed the public hearing scheduled for September 10, 2024, at 6:30 p.m., as required by Chapter 200 of the Florida Statutes; and WHEREAS, said public hearing, as required by Section 200.065(2)(c), was held by the Village Council on September 10, 2024, commencing at 6:30 p.m., as previously noticed and the public and all interested parties having had the opportunity to address their comments to the Village Council and the Village Council having considered the comments of the public regarding the proposed millage rate and having complied with the "TRIM" requirements of the Florida Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF KEY BISCAYNE, FLORIDA AS FOLLOWS: Section 1. Recitals. That each of the above-stated recitals are hereby adopted, confirmed, and incorporated herein. 4

2 Section 2. Adoption of Proposed Millage. That the proposed millage rate for the Village of Key Biscayne for the fiscal year commencing October 1, 2024, through September 30, 2025, be and is hereby fixed at the rate of 3.0378 mills, which is $3.04 dollars per $1,000.00 of assessed property value within the Village of Key Biscayne. Section 3. Rolled-Back Rate. That the roll-back rate is 2.8372 mills and the proposed millage rate is 3.0378 mills which is 0.2006, or 7.07% over the rolled-back rate. Section 4. Schedule of Budget Hearing. That a final public hearing to adopt a millage rate and budget for the fiscal year commencing October 1, 2024, through September 30, 2025, be and is hereby set as a Council Meeting, on Tuesday, September 24, 2024, at 6:30 p.m. Section 5. Notice. That the Village Clerk be and is hereby directed to advertise said public hearing as required by law. Section 6. Effective Date. That this resolution shall be effective immediately upon adoption. PASSED and ADOPTED this _____day of September, 2024. JOE I. RASCO MAYOR ATTEST: JOCELYN B. KOCH VILLAGE CLERK 5

3 APPROVED AS TO FORM AND LEGAL SUFFICIENCY: WEISS SEROTA HELFMAN COLE & BIERMAN, P.L. VILLAGE ATTORNEY 6

ORDINANCE NO. 2024. AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA ADOPTING THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER I, 2024 THROUGH SEPTEMBER 30, 2025 PURSUANT TO SECTION 200.065, FLORIDA STATUTES (TRIM BILL); AND PROVIDING F'OR AN EFFECTIVE DATE. WHEREAS, the Village Manager presented to the Village Council a "Tentative General Fund Operating Budget" for the fiscal year commencing October 1,2024 and the Village Council scheduled the public hearing required by Section 200.065(2)(c), Florida Statutes to be held on September 10,2024 at 6:30 p.m.; and WHEREAS, the Property Appraiser has properly noticed the public hearing scheduled for September 10,2024, at 6:30 p.m., as required by Chapter 200 of the Florida Statutes; and WHEREAS, said public hearing, as required by Section 200.065(2)(c), Florida Statutes,' was held by the Village Council on September 10, 2024, commencing at 6:30 p.m. as previously noticed and the public and all interested parties having had an opportunity to address their comments to the Village Council, and the Village Council having had an opportunity to amend the tentative budget as it deemed appropriate and having considered the comments of the public regarding the tentative budget and having complied with the "TRIM" requirements of Florida Statutes; and WHEREAS, pursuant to Section 200.065(2)(d), Florida Statutes, a final public hearing to adoptthe budgets forthe fiscal year commencing on October l,2024,through September 30,2025, was held, as advertised, on Tuesday, September 24,2024, at 6:30 p.m. and the Council considered comments from the public. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF KEY BISCAYNEO FLORIDA, AS FOLLOWS: I 7

Section 1. Recitals. That the above-stated recitals are true and correct and are incorporated herein by this reference. Section 2. Adoptine Budeets. That upon prior adoption of the Village's final millage rate, which is hereby ratified, the Village of Key Biscayne budgets for the fiscal year commencing October 1,2024 attached hereto as Exhibit ".L" are approved and adopted. Section 3. Effective Date. That this Ordinance shall become effective immediately upon final adoption on second reading and shall be applicable from and after October 1,2024. PASSED on first reading on the day of September,2024. PASSED AND ADOPTED on second reading on the day of September, 2024. ATTEST: JOE I. RASCO MAYOR JOCELYN B. KOCH VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: WEISS SEROTA HELFMAN COLE & BIERMAN, P.L VILLAGE ATTORNEY 2 8

OUR ISLAND PARADISE SEPTEMBER 10, 2024 FY25 Budget Proposal First Hearing FY25 Budget Proposal First Hearing Exhibit A 9

OUR ISLAND PARADISE 2 FY25 Strategy & Budget Proposal Purpose: To propose a FY25 Budget that aligns valued resources to achieve our strategic goals to provide the public safety, services, programs and infrastructure our residents expect Principals: • Aligns resources to strategic priorities • Offers best-value solutions • Considers current economic challenges • Focuses on near-term results and outcomes • Incorporates a long-term view • Improves customer service and responsiveness • Involves and promotes communication and engagement with community and partners • Creates employee buy-in and empowerment • Provides transparency, accountability and controls → stewardship of public resources Outcome: An approved FY25 Budget and Capital Improvements Plan to implement the Village’s strategic goals 10

OUR ISLAND PARADISE 3 Developing FY25 Strategy & Budget March April May June July August September Develop FY25 Strategy & Budget Estimate Set Millage Cap 1st Budget Hearing: Sep 10 2nd Budget Hearing: Sep 24 Council Guidance Detailed Line-Item Budget Development & Review Adopted Budget Budget Workshop FY24 Budget Reconciliation, Audit & Amendment(s) Annual Council Strategy Session Annual Admin Strategy Session Release to Council NLT Aug 30 Community Meeting Aug 14 11

OUR ISLAND PARADISE 4 • Strategic Overview - Manager • Revenue Projections - CFO • Debt Status - CFO • Special Revenue & Enterprise Funds – CFO • Reserve Balances – CFO • Operating Budget Cost Drivers – CFO • FY25 Baseline Budget Estimate – CFO • 5-Year Capital Improvements Program – CIP&GM • FY25 Proposed New Initiatives – Manager & Directors • FY25 Proposed Millage – Manager • Back-up Slides Agenda 12

OUR ISLAND PARADISE Village of Key Biscayne Functional Organization Chart VILLAGE RESIDENTS VILLAGE COUNCIL MAYOR Hon. Joe Rasco VICE MAYOR Hon. Allison McCormick VILLAGE MANAGER Steven C. Williamson Leadership and Strategic Vision Align Resources with Strategy and Priorities Engage and Coordinate with Council Carry out Council Directives Resident Service and Responsiveness Deliver Public Services, Projects and Programs Communicate and Engage with Community Develop and Manage Partnerships Integrate Information Systems, Technology and Innovation Hon. Frank Caplan Hon. Brett Moss Hon. Ed London Hon. Oscar Sardinas Hon. Fernando Vazquez VILLAGE ATTORNEY Chad Friedman VILLAGE CLERK Jocelyn Koch FINANCE & PROCUREMENT Benjamin Nussbaum Planning & Programming Budgeting Finance & Accounting Investments & Debt Grants Procurement Pension Oversight BUILDING, ZONING & PLANNING Jeremy Calleros-Gauger Community Development Building, Planning & Zoning Geographic Info System Flood Plain Management Code Compliance Real Property HUMAN RESOURCES Juan Gutierrez Recruitment Performance Measuring Health & Safety Training & Development Incentives & Recognition Risk Management Compensation & Benefits POLICE DEPARTMENT Chief Frank Sousa Public Order & Safety Law Enforcement Crime Prevention Investigations Community Programs & Partnerships Traffic Safety FIRE DEPARTMENT Chief Eric Lang Fire Prevention Fire Response Emergency Medical Services Emergency Management Community Programs & Partnerships PUBLIC WORKS Chris Miranda Capital Improvements Stormwater Utilities Rights-of-Way Transportation & Transit Shoreline Management Solid Waste Facility Maintenance PARKS, RECREATION & OPEN-SPACES Todd Hofferberth Parks & Recreation Public Spaces Community Center Community Programs & Events Athletics Programs 5 13

OUR ISLAND PARADISE 6OUR ISLAND PARADISE 14

OUR ISLAND PARADISE 7 FY24 Highlights & Achievements A Safe & Secure Village Awarded Excelsior Status for Re-Accreditation Added Crossing Guards at Key Colony Offered Community Classes and Training International Accredited Agency Status Conducted Hurricane Training & Exercise Increased Lithium Battery Awareness Ordered 2 New Fire Rescue Trucks A Thriving & Vibrant Community & Local Marketplace Executed KB Clean in Commercial District Awarded County Neat-Streets Grant Implemented E-Plan (Design Review & Permits) Community Rating System (CRS) from 8 to 6 Improved Permit Processing Time Procured Repair of Bedia Plazas An Accessible, Connected and Mobile Transportation Network Completed Right-Turn Lane at Harbor Drive Coordinated Better Bus Network Enhanced Mashta Bridge & Circle Added 4 Freebees to EV Fleet Completed Crandon Blvd Multimodal Study Improved Village-Wide Landscaping A Resilient & Sustainable Environment and Infrastructure Completed Beach Renourishment Secured USACE Back Bay Feasibility Study Fully Maintained Stormwater System Completed Immediate Flood Control Project Completed Zone 1 BODR & LOS Designation Increased Visibility of RIAP Admin Support & Communications Clear Gov for Budget & Financial Transparency Enhanced Village Vetting Policy & Process Programming for Village Broadcast Station Negotiated & Ratified 4 CBAs Implemented VKB 311 Collected Past Due Solid Waste Fees Completed Biennial Survey Engaging & Active Program & Public Spaces Awarded FRDAP Grant for Under-5 Playground Completed Procurement of Soccer Program Completed Paradise Park Frigatebird Art Improved Field Maintenance & Landscaping Selection of KBCC Concession Refurbished Community Center Pool Improved Special Needs Programming 15

OUR ISLAND PARADISE 8 Resident Survey Highlights Key Biscayne is a clean, safe, family-friendly village with a small community atmosphere, access to great parks and nature, excellent arts and cultural activities, good schools and a focus on youth and recreation. Located on a barrier island just miles from Miami, the Village is nestled between two active and beautiful parks, the Atlantic Ocean, and Biscayne Bay. Residents enjoy an intimate island life with proximity to nature, schools, city cultural and arts activities, and various transportation options. Because of the community’s economic well-being, the Village operates at a high level even with the lowest overlapping milage rate in Miami-Dade County. Positive stewardship maximizes revenues, optimizes expenditures, and retains low debt service and comfortable emergency and general reserves. Knowing that a small island community cannot thrive by itself, the Village actively engages and cooperates with community organizations and its residents while prioritizing strong relationships with multiple partner agencies and our elected officials at the local, state and federal level. As a full-service municipal government with exceptional fire rescue and police capabilities, the Village offers a wide range of quality government services to its residents. Prioritizing its residents first, the Village ensures quality facilities, building and parks along with engaging community programs and events. 16

OUR ISLAND PARADISE 9 Resident Survey Results Significant Topics Importance Satisfaction I-S Rating Traffic Conditions 38% 28% .2706 Beach Maintenance 21% 69% .2161 Traffic Enforcement 29% 42% .1691 Street Lighting 27% 50% .1375 Planning, Zoning & Building Services 27% 42% .1580 Facilities & Services for Teens 27% 58% .1131 Police Visibility & Presence 22% 54% .1030 Cultural & Art Activities 23% 62% .0882 Programs & Services for Persons with Disabilities 14% 41% .0812 Street Quality 18% 61% .0708 Top Capital Efforts: • Stormwater Drainage • Traffic Alleviation • Beach Renourishment • Sea-level Rise Mitigation • Power & Telecom Undergrounding • Water & Wastewater • Walking & Biking Safety Other Interpretations: • Police Presence • Communications & Website • Access to Public Education • Planning for the Future • Pedestrian & Bicycle Safety • Traffic Flow • Code Enforcement • Transparency 17

OUR ISLAND PARADISE 10 Village SWOT Analysis STRENGTHS WEAKNESSES THREATS OPPORTUNITIES 1. Street Light Coverage 2. Crandon Blvd Traffic Mobility & Safety 3. Athletic Field Space 4. Facility & Parks Maintenance 5. Stormwater & Utility Infrastructure 6. Information Management & Reporting 7. Strategic Communications 1. Aging Public & Private Infrastructure 2. Uncoordinated Causeway Management 3. Haphazard Virginia Key Development 4. Storms & Environmental Changes 5. Lack of Diverse Revenue Sources 6. Accessibility to Talented Human Capital 7. Information Saturation 8. Preemptive Statutes and Ordinances 1. Quality of Life, Reputation & Location 2. Community’s Economic Well-Being 3. Actual and Sense of Safety & Security 4. Community Programs & Events 5. Government’s Financial Posture 6. Full-Service Government & Customer Service 7. Partner & Agency Coordination 1. Athletic Fields on Virginia Key 2. Data-Driven Traffic Solutions 3. Rickenbacker Causeway Partnerships 4. USACE CSRM Beach & Back-Bay Study 5. Partner with FPL to Improve Power Reliability 6. Pilot Projects & Test Cases 7. Continued Pursuit of External Investment 18

OUR ISLAND PARADISE 11 FY25 Focus Areas Ensure Community Safety Maintain Safe Streets Shape Village Character Provide Programs & Events Sustain Athletic Fields, Parks & Beach Alleviate Traffic Reduce Flooding Enhance Power Reliability Perform Maintenance & Repair Advance Communications & Collaboration 19

OUR ISLAND PARADISE 12 Revenue Projection Ad-Valorem Taxes: 10.1% Increase in taxable Value from prior year June 30 estimate - 7.2% State Revenue Share: Based on sales and use tax and distribution measured by population and sales tax collections. Also includes a state revenue share for fire and police pension. Strong economic activity in FY24 expected to continue in FY25 Charges for Services: Parks and recreation usage fees, permits and membership expected to rise because of change in policies and increased usage. Interest Income: Village will benefit from the combination of increased interest rates and strong reserves Tax Roll Year Budget Year Preliminary Taxable Value Change from Prior Year % Change 2018 2019 $8,532,625,700 ($114,144,184) -1.3% 2019 2020 $8,310,656,693 ($221,969.007) -2.6% 2020 2021 $8,202.651,483 ($108,005,210) -1.3% 2021 2022 $8,269,112,147 $66,460,664 0.8% 2022 2023 $9,096,495,184 $827,383,037 10.0% 2023 2024 $9,978,517,232 $882,022,048 9.7% 2024 2025 $10,989,883,172 $1,011,365,940 10.1% 20

OUR ISLAND PARADISE 13 Note: Proposed Ad-Valorem Taxes shown using prior year millage rate Revenue Projection Details 21

OUR ISLAND PARADISE Grants & Reimbursements 14 Status Amount Received Outstanding Newly Awarded $2,649,719 $2,649,719 Currently Active $14,934,917 $3,553,322 $11,381,595 Working Close Out $1,730,173 $1,730,173 Closed $7,062,202 $7,062,202 $0 Total $26,377,011 $10,615,524 $15,761,487 Note: Includes federal, state & local grants; appropriations and reimbursements 22

OUR ISLAND PARADISE 15 Current Debt Status Debt Capacity $110M Capacity (1% of $10.99B Taxable Value) Outstanding Debt FY 25 Amount Interest Rate Maturity School Improvement 2014 $2.02M 1.23% FY30 Sewer Improvement 2016 $1.74M 1.23% FY31 School Improvement 2017 $2.88M 1.23% FY33 Fire Engine 2021 $0.53M 1.76% FY31 Total $7.17M Funds Available Under Debt Cap $102.73M 23

OUR ISLAND PARADISE Special Revenue & Enterprise Funds 16 Special Funds EOY FY23 Actual Balance FY25 Revenue Sources & Intended Use EOY FY24 Projected Balance Transportation – Special Revenue Fund $2,244,255 Revenue Sources: Local Option Sales Tax & Transportation Surtax (CITT); FDOT Public Transit Service Development Grants Expenses: 9 Freebees; Crandon Blvd enhancements; and debt service for Crandon Blvd improvements $2,172,911 Parks, Recreation & Open Space Land Trust – Special Revenue Fund $4,524,149 Revenue Sources: 1% Ad-Valorem Transfer Expenses: Strategic plan supported park land acquisition and eligible associated costs $5,070,339 Building – Special Revenue Fund $1,639,453 Revenue Sources: Building Permits; Certificate of Occupancy; Lien Search Fees; Building Code Violations Expenses: Department personnel, equipment and operations Note: Moved to special revenue for FY23 Budget $1,352,059 Stormwater – Enterprise Fund $2,049,248 Revenue Sources: Stormwater Utility Fees Expenses: Operations and maintenance of stormwater system; RIAP related stormwater system upgrade; and debt service for 2013 Note: Collection method moved to M-DC Property Appraiser for improved timing and collection rate $5,048,569 ($2.1M transferred to FY 25 CIP) Solid Waste – Enterprise Fund $777,669 Revenue Sources: Fee on single family and duplex properties for solid waste and recycling services Expenses: Contracted service for solid waste and recycling Note: Collection method moved to M-DC Property Appraiser for improved timing and collection rate $872,330 24

OUR ISLAND PARADISE 17 Reserves Projection & Goals Reserve Funds EOY FY23 Balance EOY FY24 Est. Projection EOY FY24 Goal % of Operating Budget General Reserve $23.3M $16.9M $16.1M 41.7% * Emergency Reserve $4.0M $4.0M $4.0M 9.9% * Policy: Strive to maintain a General Reserve Fund at 40% of Operating Budget and an Emergency Fund at 10% of Operating Budget. Justification: • Liquidity for economic downturns, emergencies, unexpected expenses • Hedge against significant risks associated with being a barrier island with one road in and one road out • Maintain strong credit rating • Take advantage of higher than usual interest rates • Serve as advanced investment for critical capital projects • Provide matching funds for time-sensitive grants Note: Based on baseline operating budget 25

OUR ISLAND PARADISE 18 Operating Budget – Cost Drivers General Fund Category FY24 Budget FY25 Budget Difference % Diff % of Total Personnel $22,926,432 $23,426,520 $576,872 +2.5% 57.6% Professional/Contractual Services $6,230,245 $6,803,958 $739,360 +11.9% 17.1% Operations, Maintenance & Repair $7,919,199 $8,835,973 $994,658 +12.6% 21.9% Total Operations $37,075,876 $39,066,451 $1,990,575 +5.4% Debt Service $1,311,302 $1,071,642 ($239,660) -18.3% 2.6% Transfers Out $2,796,190 $320,709 ($2,478,585) -88.6% 0.8% Grand Total $41,183,368 $40,458,802 ($724,566) -1.8% 26

OUR ISLAND PARADISE FY25 Expenditure Roll Up 19 27

OUR ISLAND PARADISE 20 FY25 Baseline Budget Estimate Police Services ($10.5M) Fire Rescue Services ($9.9M) Parks & Recreations, Community Center, & Athletics ($7.1M) Public Works Services ($6.1M) Finance, Admin & Comms Support ($3.5M) Council, Clerk & Attorney ($1.2M) Debt Services ($1.1M) Planning & Zoning Services ($.6M) Transfers ($.3M) To Maintain Same Level of Service Includes: • Personnel costs • Current operations, programs, events and services • Routine maintenance and repair • Transfer to PROS Land Trust Fund • No transf