First Budget Hearing September 6, 2022

Village Council Michael W. Davey, Mayor Brett G. Moss, Vice Mayor Franklin H. Caplan, Councilmember Luis Lauredo, Councilmember Edward London, Councilmember Allison McCormick, Councilmember Ignacio J. Segurola, Councilmember 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 BUDGET HEARING TUESDAY, SEPTEMBER 06, 2022 6:00 PM There is a (3) minute time limit for each speaker during public comments. Your cooperation is appreciated in observing the (3) minute rule. If you have a matter you would like to discuss during public comments, a request form is available at the entrance of the Council Chamber, please fill-it in and return it to the Village Clerk prior to the start of the meeting. When your name is called, please come forward to the podium. Or if you are joining the meeting remotely, please dial any of the following Zoom numbers, US: +1 (312) 626-6799 or +1 (929) 205-6099 or +1 (301) 715-8592, and enter the Zoom Meeting ID: 231 627 8415, followed by #. There is no participant ID. Press # again. Please press *9 to “raise your hand” which places you in a queue to speak. You will be called upon by the last three digits of your telephone number when it is your turn to speak. When called upon, please press *6 to unmute yourself. PLEASE STATE YOUR NAME, ADDRESS, IF YOU ARE A HIRED CONSULTANT OR VILLAGE EMPLOYEE AND/OR IF ENGAGED IN LOBBYING ACTIVITIES AND/OR REPRESENTING AN ORGANIZATION FOR THE RECORD. September 06, 2022 www.keybiscayne.fl.gov 1 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022, THROUGH SEPTEMBER 30, 2023, 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. (VILLAGE MANAGER) 6. FY23 Budget Book 6.A. BUDGET SUMMARY 6.B. CAPITAL IMPROVEMENT PROGRAM 6.C. REVENUES 6.D. EXPENDITURES 6.E. DEBT SERVICE 6.F. VILLAGE COUNCIL & INITIATIVES 6.G. OFFICE OF THE VILLAGE CLERK 6.H. ADMINISTRATION 6.I. OFFICE OF THE VILLAGE ATTORNEY 6.J. PLANNING, ZONING, AND CODE COMPLIANCE RECOMMENDATION: Approval RESOLUTION TAB TAB 1 TAB 2 TAB 3 TAB 4 TAB 5 TAB 6 TAB 7 TAB 8 TAB 9 TAB 10 September 06, 2022 www.keybiscayne.fl.gov 2 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

6.K. PUBLIC WORKS DEPARTMENT 6.L. POLICE DEPARTMENT 6.M. FIRE RESCUE DEPARTMENT 6.N. PARKS, COMMUNITY CENTER & ATHLETICS DEPARTMENT 6.O. BUILDING DEPARTMENT 6.P. SPECIAL REVENUE - TRANSPORTATION FUND 6.Q. PARKS, RECREATION & OPEN SPACES LAND TRUST FUND 6.R. STORMWATER ENTERPRISE FUND 6.S. SOLID WASTE ENTERPRISE FUND 6.T. BUDGET PROCESS 6.U. FINANCIAL POLICIES 6.V. FUND STRUCTURE 6.W. FINANCIAL TERMS GLOSSARY 7. ORDINANCE: TAB 11 TAB 12 TAB 13 TAB 14 TAB 15 TAB 16 TAB 17 TAB 18 TAB 19 TAB 20 TAB 21 TAB 22 TAB 23 September 06, 2022 www.keybiscayne.fl.gov 3 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

7.A. FIRST READING: AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA ADOPTING THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022 THROUGH SEPTEMBER 30, 2023 PURSUANT TO SECTION 200.065, FLORIDA STATUES (TRIM BILL); AND PROVIDING FOR AN EFFECTIVE DATE. (VILLAGE MANAGER) 8. SCHEDULE OF FUTURE MEETINGS/EVENTS: 9. ADJOURNMENT RECOMMENDATION: Approval (SECOND READING WILL BE ON SEPTEMBER 21, 2022) ORDINANCE TAB A. 2nd BUDGET HEARING WEDNESDAY, SEPTEMBER 21, 2022, 6:00 P.M., COUNCIL CHAMBER B. REGULAR COUNCIL MEETING TUESDAY, OCTOBER 11, 2022, 6:00 P.M., COUNCIL CHAMBER C. KEY BISCAYNE MUNICIPAL ELECTION TUESDAY, NOVEMBER 8, 2022, 7:00 A.M. TO 7:00 P.M., GYMNASIUM, KEY BISCAYNE COMMUNITY CENTER D. REGULAR COUNCIL MEETING TUESDAY, NOVEMBER 29, 2022, 6:00 P.M., COUNCIL CHAMBER E. REGULAR COUNCIL MEETING TUESDAY, DECEMBER 13, 2022, 6:00 P.M., COUNCIL CHAMBER 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, ADDRESS, IF YOU ARE A HIRED CONSULTANT OR VILLAGE EMPLOYEE/FORMER VILLAGE EMPLOYEE AND/OR IF ENGAGED IN LOBBYING ACTIVITIES AND/OR REPRESENTING AN ORGANIZATION 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 September 06, 2022 www.keybiscayne.fl.gov 4 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

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). 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 06, 2022 www.keybiscayne.fl.gov 5 MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT.

Village Council Michael W. Davey, Mayor Brett G. Moss, Vice Mayor Franklin H. Caplan, Councilmember Luis Lauredo, Councilmember Edward London, Councilmember Allison McCormick, Councilmember Ignacio J. Segurola, Councilmember 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 BUDGET HEARING TUESDAY, SEPTEMBER 06, 2022 6:00 PM There is a (3) minute time limit for each speaker during public comments. Your cooperation is appreciated in observing the (3) minute rule. If you have a matter you would like to discuss during public comments, a request form is available at the entrance of the Council Chamber, please fill-it in and return it to the Village Clerk prior to the start of the meeting. When your name is called, please come forward to the podium. Or if you are joining the meeting remotely, please dial any of the following Zoom numbers, US: +1 (312) 626-6799 or +1 (929) 205-6099 or +1 (301) 715-8592, and enter the Zoom Meeting ID: 231 627 8415, followed by #. There is no participant ID. Press # again. Please press *9 to “raise your hand” which places you in a queue to speak. You will be called upon by the last three digits of your telephone number when it is your turn to speak. When called upon, please press *6 to unmute yourself. PLEASE STATE YOUR NAME, ADDRESS, IF YOU ARE A HIRED CONSULTANT OR VILLAGE EMPLOYEE AND/OR IF ENGAGED IN LOBBYING ACTIVITIES AND/OR REPRESENTING AN ORGANIZATION FOR THE RECORD. September 06, 2022 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 1

FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022, THROUGH SEPTEMBER 30, 2023, 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. (VILLAGE MANAGER) 6. FY23 Budget Book 6.A. BUDGET SUMMARY 6.B. CAPITAL IMPROVEMENT PROGRAM 6.C. REVENUES 6.D. EXPENDITURES 6.E. DEBT SERVICE 6.F. VILLAGE COUNCIL & INITIATIVES 6.G. OFFICE OF THE VILLAGE CLERK 6.H. ADMINISTRATION 6.I. OFFICE OF THE VILLAGE ATTORNEY 6.J. PLANNING, ZONING, AND CODE COMPLIANCE RECOMMENDATION: Approval RESOLUTION TAB TAB 1 TAB 2 TAB 3 TAB 4 TAB 5 TAB 6 TAB 7 TAB 8 TAB 9 TAB 10 September 06, 2022 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 2

6.K. PUBLIC WORKS DEPARTMENT 6.L. POLICE DEPARTMENT 6.M. FIRE RESCUE DEPARTMENT 6.N. PARKS, COMMUNITY CENTER & ATHLETICS DEPARTMENT 6.O. BUILDING DEPARTMENT 6.P. SPECIAL REVENUE - TRANSPORTATION FUND 6.Q. PARKS, RECREATION & OPEN SPACES LAND TRUST FUND 6.R. STORMWATER ENTERPRISE FUND 6.S. SOLID WASTE ENTERPRISE FUND 6.T. BUDGET PROCESS 6.U. FINANCIAL POLICIES 6.V. FUND STRUCTURE 6.W. FINANCIAL TERMS GLOSSARY 7. ORDINANCE: TAB 11 TAB 12 TAB 13 TAB 14 TAB 15 TAB 16 TAB 17 TAB 18 TAB 19 TAB 20 TAB 21 TAB 22 TAB 23 September 06, 2022 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 3

7.A. FIRST READING: AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA ADOPTING THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022 THROUGH SEPTEMBER 30, 2023 PURSUANT TO SECTION 200.065, FLORIDA STATUES (TRIM BILL); AND PROVIDING FOR AN EFFECTIVE DATE. (VILLAGE MANAGER) 8. SCHEDULE OF FUTURE MEETINGS/EVENTS: 9. ADJOURNMENT RECOMMENDATION: Approval (SECOND READING WILL BE ON SEPTEMBER 21, 2022) ORDINANCE TAB A. 2nd BUDGET HEARING WEDNESDAY, SEPTEMBER 21, 2022, 6:00 P.M., COUNCIL CHAMBER B. REGULAR COUNCIL MEETING TUESDAY, OCTOBER 11, 2022, 6:00 P.M., COUNCIL CHAMBER C. KEY BISCAYNE MUNICIPAL ELECTION TUESDAY, NOVEMBER 8, 2022, 7:00 A.M. TO 7:00 P.M., GYMNASIUM, KEY BISCAYNE COMMUNITY CENTER D. REGULAR COUNCIL MEETING TUESDAY, NOVEMBER 29, 2022, 6:00 P.M., COUNCIL CHAMBER E. REGULAR COUNCIL MEETING TUESDAY, DECEMBER 13, 2022, 6:00 P.M., COUNCIL CHAMBER 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, ADDRESS, IF YOU ARE A HIRED CONSULTANT OR VILLAGE EMPLOYEE/FORMER VILLAGE EMPLOYEE AND/OR IF ENGAGED IN LOBBYING ACTIVITIES AND/OR REPRESENTING AN ORGANIZATION 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 September 06, 2022 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 4

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). 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 06, 2022 www.keybiscayne.fl.gov MISSION: TO PROVIDE A SAFE, QUALITY COMMUNITY ENVIRONMENT FOR ALL ISLANDERS THROUGH RESPONSIBLE GOVERNMENT. 5

Page 1 of 2 RESOLUTION NO. _______ A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, ADOPTING THE FINAL MILLAGE RATE OF THE VILLAGE OF KEY BISCAYNE FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022, THROUGH SEPTEMBER 30, 2023, PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, pursuant to Section 200.065 of the Florida Statutes, the Property Appraiser has made tax assessments for all real property within jurisdiction of the Village of Key Biscayne (the “Village”); and WHEREAS, on July 27th, 2022, the Village transmitted the Certificate of Taxable Value to the Property Appraiser determining the “Proposed Millage Rate” for the fiscal year commencing October 1, 2022, and the Council further scheduled the public hearings required by Section 200.065 of the Florida Statutes to be held on September 6, 2022 at 6:00 p.m. and on September 21, 2022 at 6:00 p.m.; and WHEREAS, said public hearings, as required by Section 200.065(2)(c) and (d), were held by the Village Council on September 6, 2022, commencing at 6:00 p.m. and on September 21, 2022, commencing at 6:00 p.m., as previously noticed, and the public and all interested parties had the opportunity to address their comments to the Village Council and the Village Council considered the comments of the public regarding the final millage rate and 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. 6

Page 2 of 2 Section 2. Adoption of Final Millage Rate. That the final millage rate for the Village of Key Biscayne for the fiscal year commencing October 1, 2022, through September 30, 2023, be and is hereby fixed at the rate of 3.2054 mills which is $3.21 dollars per $1,000.00 of assessed property value within the Village of Key Biscayne. Section 3. Rolled-Back Rate. That the rolled-back rate is 2.8995 mills and the final millage rate is 3.2054 mills, which is 0.3059, or 10.55%, over the rolled-back rate. Section 4. Effective Date. That this Resolution shall be effective immediately upon adoption and shall be applicable from and after October 1, 2022. PASSED and ADOPTED this ____ day of September, 2022. MICHAEL W. DAVEY MAYOR ATTEST: JOCELYN B. KOCH VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: WEISS SEROTA HELFMAN COLE & BIERMAN, P.L. VILLAGE ATTORNEY 7

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Budget Summary The proposed Fiscal Year 2023 General Fund Budget for the Village of Key Biscayne is $37,231,157 which includes operations and maintenance, the Parks, Recreation & Open Space Land Trust (“PROS Land Trust”), and funding for capital improvements. Fiscal Year 2023 total operating budget represents an increase of 4.9% from Fiscal Year 2022 Budget. The estimated property assessment for Fiscal Year 2023 is $9.1 billion, representing an increase of 10.0% from Fiscal Year 2022 8

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Proposed Budget Structural Changes In FY 2023, several structural changes were made to the budget to allow for increased financial control, better transparency, and ease of operations. • Council & Council Initiatives are consolidated to align common efforts and simplify accounting • A stand-alone Building Special Revenue Fund has been established to create a restricted account that captures building related revenues and expenses to centralize and better analyze operations • All facilities maintenance & repairs have been centralized in the Public Works Department to better manage the program and improve budgeting, accounting and work return on investment • All athletic field costs are transferred to the Athletics Department to capture all the expenses associated with athletic fields into a single account to better analyze operations • Community Groups are moved into the Parks & Recreation and Public Works Departments to better align funding with the departments providing the services and to allow direct oversight of community program and event operations and funding • Select employee costs proportions were reallocated across special revenue funds (Transportation, Building, Stormwater and Solid Waste) to better align costs to work performed and to free up more special revenue to pay for fund related investments • Software expenses are moved from Subscriptions & Memberships to operating supplies due to changes in GFOA Uniform Accounting Systems Manual Proposed Millage The Village of Key Biscayne continues to hold the distinction of having the lowest overlapping millage rate of any municipality in Miami-Dade County. Despite significant ongoing economic pressures, the Proposed Budget levies property taxes on our residents and businesses using a millage rate of 3.2054. 9

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Revenue Summary General fund revenues are expected to total $37,231,157 which represents a 4.9% increase from Fiscal Year 2022. Ad-Valorem taxes account for approximately 74% of all general fund revenues. Expenditure Summary The total proposed General Fund Budget for Fiscal Year 2023 is $37,231,157 which includes an operating expense of $36,004,157, a transfer to the PROS Land Trust of $277,000 and a transfer to the CIP Fund of $955,000. The operating expenditure budget increased by $749,449 or 2.1% from Fiscal Year 2022 budget. 4.4390 3.6060 3.4500 3.2000 3.0000 3.1950 3.2022 3.2054 2.5000 3.0000 3.5000 4.0000 4.5000 5.0000 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Millage Rate 1994-2023 10

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 11

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Village Authorized Positions Intentionally left blank 12

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Intentionally left blank 13

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Intentionally left blank 14

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Intentionally left blank 15

Budget Summary Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Cost Allocation Certain members of staff have responsibilities that span multiple functions. In such circumstances, the Village has allocated the cost of these employees to the appropriate funding sources based on the individual employee’s time spent on each function. The result is a budget that more accurately aligns with the cost of providing services. The employees listed below have been allocated in the following manner: 16

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Function The Capital Improvement Program (CIP) is a thoughtful and deliberate blueprint for sustaining and improving the Village’s infrastructure and assets. Projects on the CIP must align with the Village’s Strategic Plan. The Village delivers CIP projects with a responsible and financially sound funding strategy. Each project in the CIP is categorized into the following focus areas. • Resiliency o Stormwater, utility hardening, shoreline protection, sustainability initiatives, and alternative energy • Parks and Recreation o Parks, opens space, recreation, beach access paths, and athletics • Public Safety o Fire and police projects and purchases to improve public safety • General/Equipment o Administrative, information technology, and software upgrades and additions • Transportation o Right-of-way including roads, pedestrian, and bicycle infrastructure • Facilities o Village owned and operated facility upgrades, additions, and major repairs There are a total of 32 CIP projects with funding allocated in FY23. This year’s CIP includes projects in preparation for future large investments in the Village’s resilience including shoreline protection, roadway improvements, and stormwater infrastructure. The cumulative value of the FY23 CIP is $12,587,676 with $950,000 coming from the General Fund. Intentionally left blank 17

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 FY23 CIP Project Descriptions FY23 CIP Projects GF: General Fund ARPA: American Rescue Plan Act SR: Special Revenue Fund GOB: General Obligation Bond SRF: State Revolving Loan Fund Grant: Local, county, foundation, State, and Federal grant dollars Other: additional external funding acquired outside of a grant process. (i.e., State and Federal Appropriations, Citizens Independent Transportation Trust (CITT))PRI. PROJECT NAME CATEGORY FY23 GF ARPA SR GOB SRF GRANT OTHER 1 Improve Crandon Blvd & Harbor Drive Transportation 457,342$ -$ -$ 7,342$ -$ -$ -$ 450,000$ 1 Design K-8 School Central Stormwater Basin (Zone 1) Resiliency 1,511,000$ -$ -$ 125,000$ -$ -$ 1,386,000$ -$ 1 Formulate and Promote R&SI3P Resiliency 1,220,000$ -$ -$ -$ -$ 870,000$ 350,000$ -$ 1 Underground Electrical and Telecom Utilities Resiliency 500,000$ -$ -$ -$ 500,000$ -$ -$ -$ 1 Conduct USACE Beach and Back-Bay Feasibility Study Resiliency 400,000$ -$ -$ -$ -$ -$ -$ 400,000$ 1 R&SI3P Program Management/Construction Management Resiliency 350,000$ -$ -$ -$ 350,000$ -$ -$ -$ 1 Install Village-Wide Security and Surveillance System Public Safety 300,000$ 75,000$ 75,000$ 150,000$ -$ -$ -$ -$ 2 Improve West Heather Dr Roadway and Stormwater System Resiliency 650,000$ -$ -$ -$ -$ -$ 650,000$ -$ 2 Install Stormwater Pump Station Back-up Generators Resiliency 150,000$ -$ 150,000$ -$ -$ -$ -$ -$ 2 Improve Beach Park Parks & Recreation 500,000$ -$ 500,000$ -$ -$ -$ -$ -$ 2 Renovate Women's Restroom Fire Department Facilities 110,000$ -$ 110,000$ -$ -$ -$ -$ -$ 3 Reconstruct Traffic Circles and Mill + Repave Harbor Drive Transportation 2,675,886$ -$ -$ -$ -$ -$ -$ 2,675,886$ 3 Mill and Repave West Mashta Transportation 538,000$ -$ -$ -$ -$ -$ -$ 538,000$ 3 Repave Roadways Village-Wide Transportation 471,559$ -$ 471,559$ -$ -$ -$ -$ -$ 3 Construct Beach Access Path at Island House Transportation 150,000$ -$ 90,000$ -$ -$ -$ 60,000$ -$ 3 Monitor Beach and Dunes Resiliency 200,000$ 100,000$ -$ -$ -$ -$ 100,000$ -$ 3 Procure Mobile Generator for Pump Stations Resiliency 86,000$ -$ 86,000$ -$ -$ -$ -$ -$ 3 Rehabilitate Village Green Bathroom Parks & Recreation 250,000$ -$ 250,000$ -$ -$ -$ -$ -$ 3 Replace Playground Equipment (under 5 area) Parks & Recreation 200,000$ -$ 87,500$ -$ -$ -$ 112,500$ -$ 3 Expand Community Center (Planning and Design)* Parks & Recreation 150,000$ 150,000$ -$ -$ -$ -$ -$ -$ 3 Invest in Virginia Key Athletic Fields Parks & Recreation 150,000$ 150,000$ -$ -$ -$ -$ -$ -$ 3 Replace Community Center Cardio Equipment Parks & Recreation 145,000$ -$ 145,000$ -$ -$ -$ -$ -$ 3 Improve KB K-8 Athletic Field Parks & Recreation 75,000$ 75,000$ -$ -$ -$ -$ -$ -$ 3 Purchase Village Fleet Vehicles General/Equipment 300,000$ 300,000$ -$ -$ -$ -$ -$ -$ 3 Purchase Police Boat General/Equipment 150,000$ 75,000$ -$ -$ -$ -$ 75,000$ -$ 3 Convert Streetlights to LED and Transition to FPL Facilities 250,000$ -$ 250,000$ -$ -$ -$ -$ -$ 3 Develop Beach Raker Parking Facility Facilities 75,000$ 25,000$ 50,000$ -$ -$ -$ -$ -$ 4 Replace Village Green Recreation Equipment Parks & Recreation 200,000$ -$ 200,000$ -$ -$ -$ -$ -$ 4 Paint Village-Wide Facilities and Amenities Facilities 200,000$ -$ 200,000$ -$ -$ -$ -$ -$ 4 Replace Entry Block Sign Facilities 50,000$ -$ 50,000$ -$ -$ -$ -$ -$ 5 Improve Public Artwork Parks & Recreation 47,889$ -$ 47,889$ -$ -$ -$ -$ -$ 5 Renovate Building Offices Facilities 75,000$ -$ -$ 75,000$ -$ -$ -$ -$ TOTAL 12,587,676$ 950,000$ 2,762,948$ 357,342$ 850,000$ 870,000$ 2,733,500$ 4,063,886$ 18

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Below is a summary of the FY23 budget projects including a brief project synopsis, total project cost, and funding sources. Facilities 1. Renovate Women’s Restroom Fire Department Restroom renovation to include repair of a leak from the shower pain and complete reconstruction of existing restroom. Total Project Cost: $110,000 FY23 Proposed Allocation: $110,000 (ARPA) FY23 Project Phase: Design & Construction 2. Convert Streetlights to LED and Transition to FPL Full conversion of all streetlights to LED and transition to FPL. Total Project Cost: $250,000 FY23 Proposed Allocation: $250,000 (ARPA) FY23 Project Phase: Construction 3. Develop Beach Raker Parking Facility Identify and improve the site for storing the beach raker equipment. Total Project Cost: $75,000 FY23 Proposed Allocation: $75,000 (ARPA: $50,000, General Fund: $25,000) FY23 Project Phase: Construction 4. Paint Village Wide Facilities and Amenities Scheduled repainting of Village maintained amenities and facilities. Total Project Cost: $75,000 FY23 Proposed Allocation: $75,000 (ARPA: $50,000, General Fund: $25,000) FY23 Project Phase: Construction 5. Replace Entry-Block Sign 19

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 Replace outdated entry block signage with new and upgraded sign to display public messaging. Total Project Cost: $50,000 FY23 Proposed Allocation: $50,000 (ARPA) FY23 Project Phase: Construction 6. Renovate Building Offices Replace 20-year-old carpet, baseboards, paint, and associated work in the building services area. Total Project Cost: $75,000 FY23 Proposed Allocation: $75,000 (Building Fund) FY23 Project Phase: Construction General/Equipment 7. Purchase Village Fleet Vehicles Regular reoccurring purchase of new vehicles to replace those that have met their useful life, ensuring the Village’s fleet remains safe and well-operating over time. Total Project Cost: On-going FY23 Proposed Allocation: $300,000 (General Fund) FY23 Project Phase: Regular purchase 8. Purchase Police Boat The purchase of a replacement police boat. Total Project Cost: $150,000 FY23 Proposed Allocation: $150,000 (ARPA: $75,000, Waterways Assistance Grant: $75,000) FY23 Project Phase: One-time purchase Parks and Recreation 9. Improve Beach Park 20

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 First year of construction for the new design of Beach Park. Project scope includes renovation of existing structures, reconstruction of sidewalks, pathways, walls, and greenspaces. Total Project Cost: $2,280,063 FY23 Proposed Allocation: $500,000 (ARPA) FY23 Project Phase: Construction 10. Expand Community Center (Planning and Design) Complete the full design of the expansion which includes an updated pool facility, theatre, larger exercise and weight rooms, additional storage, second gymnasium, and new outdoor playgrounds. Total Project Cost: $20,000,000 FY23 Proposed Allocation: $150,000 (General Fund) FY23 Project Phase: Design 11. Rehabilitate Village Green Bathroom Design and construction of a new bathroom facility on the Village Green with storage capacity. The existing bathroom was opened in 1998 and lightly refurbished in 2015. Total Project Cost: $250,000 FY23 Proposed Allocation: $250,000 (ARPA) FY23 Project Phase: Design & Construction 12. Invest in Virginia Key Athletic Fields The redevelopment of Virginia Key land as a public park with playing fields presents an opportunity to expand the Village’s access to playing fields for its athletic programs. This line item represents the Village’s investment in being a key stakeholder in the development of these plans. Total Project Cost: $150,000 FY22 Proposed Allocation: $150,000 (General Fund) FY22 Project Phase: Investment 21

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 13. Replace Playground Equipment (under 5) Remove and replace the existing playground equipment in the under-5 area of the Village’s playground. Total Project Cost: $200,000 FY23 Proposed Allocation: $200,000 (ARPA: $87,500, FRDAP: 112,500) FY23 Project Phase: Construction 14. Replace Community Center Cardio Equipment Replace cardio equipment in the Community Center weight room that has met its useful life. Total Project Cost: $145,000 FY23 Proposed Allocation: $145,000 (ARPA) FY23 Project Phase: One-time purchase 15. Improve KB K-8 Athletic Field Park Re-sodding and re-grading of KB K-8 athletic field. Total Project Cost: $75,000 FY23 Proposed Allocation: $75,000 (General Funds) FY23 Project Phase: Construction 16. Replace Village Green Recreation Equipment Replacement Installation of new equipment and surface the area with an appropriate and safe surface. Total Project Cost: $200,000 FY23 Proposed Allocation: $200,000 (ARPA) FY23 Project Phase: Design & Construction 17. Improve Public Art Major repairs, renovations, and new installations of public art throughout the Village. This project is reoccurring on an annual basis to ensure consistent upkeep and investment in the Village’s public art. Total Project Cost: On-going 22

Capital Improvement Program Budget Year 2022-2023 FIRST BUDGET HEARING |FISCAL YEAR 2022-2023 FY22 Proposed Allocation: $471,559 (ARPA) FY23 Project Phase: Planning, Design & Construction Public Safety 18. Install Village-Wide Security and Surveillance System The first phase of implementation for the Village-wide security and surveillance system including the foundational network infrastructure and first set of security cameras are to be installed in FY23. Total Project Cost: $536,250 FY23 Proposed Allocation: $300,000 (General Fund: $75,000, ARPA: $75,000, Forfeiture Fund: $150,000) FY23 Project Phase: Installation Resiliency 19. Design K-8 Sc