HomeMy WebLinkAboutCity of Plantation - Public Financial Report*
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Table of Contents
INTRODUCTION
Finance Director’s Message 3
History & Locality 4
Mayor 5
City Council Members 6
Organiza onal Chart 7
CITY OVERVIEW
City Awards and Cer fica ons 8-9
COVID-19 Pandemic 10
Community Rela ons 11
Police 12
Fire 13
Parks & Recrea on 14
Capital Improvements 15
Prepared by: Financial Services Department
CITY FINANCIALS
Property Tax 16
All Governmental Funds 17-18
Revenues & Expenditures
General Funds 19-20
Revenues & Expenditures
Financial Posi on 21-23
Net Posi on, Investments, Capital Assets & Debt
U lity Services 24-25
Explain My U lity Bill
Demographics 26
Social Media 27
PAFR
Popular Annual Financial Report
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Dear City of Planta on Residents,
Our Popular Annual Financial Report (PAFR) for the fiscal year ending September 30, 2021, was prepared by
the Department of Financial Services in order to provide readers of interest an easy to understand summary
of our financial ac vi es. This report is intended to increase awareness and transparency throughout the
community of the financial opera ons of the City. As such, this report is wri en in a user friendly manner that
will summarize and communicate the City’s financial condi on.
All of the data presented in this report is taken from the City’s award winning Annual Comprehensive Finan-
cial Report (ACFR). The financial data in the ACFR is presented in accordance with Generally Accepted
Accoun ng Principles (GAAP). Organiza ons that issue an ACFR are required to be compliant with GAAP. This
helps to keep reports and records uniform so that defini ons, parameters and calcula ons are performed and
presented the same way throughout different organiza ons. However, when trying to give a user-friendly
overview, it can be beneficial to provide condensed data that does not include all the extensive financial
details and addi onal documenta on required by GAAP. For that reason, this document is presented on a non
-GAAP basis even though the original source is the ACFR, a GAAP-compliant document.
We hope you enjoy reading this report and we invite you to access it, and our audited ACFR, online via the
link provided below:
h ps://www.planta on.org/government/departments/financial-services/financial-publica ons/
annual-financial-statements
We welcome any ques ons, comments and, or sugges ons regarding the informa on included in the PAFR.
Please feel free to contact us at www.askcityhally.org.
Respec ully,
Anna C. Otiniano,
Finance Director, CGFO
Finance Director’s Message
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History and Locality
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Plantation City Mayor
The City of Planta on has a Strong Mayor form of government. The City Council sets
policies for the opera on of the City and the Mayor acts as the Chief Execu ve Officer,
having administra ve responsibility for policy execu on and daily opera ons.
Mayor Lynn Stoner
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Plantation City Council
Erick Anderson
Council President
Jennifer Andreu
Council President Pro Tem
City Council represents all of the ci zens of the City of Planta on. They are responsi-
ble to enact City Ordinances and Resolu ons and establish the policies
by which the City is governed. In addi on, City Council is responsible to
set the maximum millage rate and adopt the City’s budget each year.
Timothy J. Fadgen
Councilmember
Nick Sortal
Councilmember
Denise Horland
Councilmember
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Organiza onal Chart
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The City of Planta on is a proud recipient
of the GFOA Triple Crown Award!
Finance Department Awards
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The Planta on Police Department received its eighth reaccredita on award
from the Commission for Florida Law Enforcement Accredita on (CFA).
The Planta on Police Department also received its eighth reaccredita on
award from the Commission on Accredita on for Law Enforcement Agencies
(CALEA), the Interna onal gold standard for public safety agencies.
The Planta on Fire Department has been classified by the Insurance Service
Office (ISO) as a Class 2 Department. The City is one of only 35 Class 2 de-
partments in the State of Florida.
Planta on's Parks & Recrea on department was awarded the "Excellence in
Sport Tourism Award" by the Greater Fort Lauderdale Conven on & Visitors
Bureau. The parks, facili es, tournaments, events and athle c programs help
support our local businesses.
The City of Planta on’s Parks & Recrea on Department joins the ranks of
Elite Park and Recrea on Agencies across the country by earning accredita-
on through the Commission Accredita on of Parks and Recrea on Agencies
(CAPRA) and the Na onal Recrea on and Parks Associa on (NPRA). CAPRA
accredita on is the only na onal accredita on for parks and recrea on
agencies and is a measure of an agency’s overall quality of opera on, man-
agement and service to the community.
The City con nues to be a Green Local Government with its endeavors to
lessen the impact on the environment, and reduce, reuse or recycle many
of the items we rely upon everyday.
City Awards and Cer fica ons
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COVID-19 Pandemic
The pandemic forced the City of Planta on (like many
others) to close facili es to the general public. Although City facili es were
closed, services con nued behind the scenes. In fact, our residents saw minimal disrup on to services
due to the ingenuity of our departments citywide who went above and beyond to create new and in-
ven ve ways to facilitate the con nua on of services, while, at the same me, ensuring their safety.
Drive–Thru Royal Egg Hunt Drive–Thru visit with Santa
The City also received some financial assistance from the Coronavirus Aid, Relief, and Economic Security Act or
the “CARES Act” via Broward County and funds from the American Rescue Plan Act (ARPA) .
One of the few departments that remained opened during the pandemic was our City parks. The parks were vital to our
resident’s physical and mental well being and as such, the Parks & Recrea on department worked hard to provide ac vi-
es that would keep the community engaged, ac ve and healthy while also keeping them safe.
One of the many Drive-Thru Programs for Seniors
The City of Planta on received over $1.35 million
and used it to help 140 households within the city
with rental assistance and evic on pre-
ven on.
The City of Planta on used 1.3 million in ARPA
funds to assist Planta on residents in paying their
u lity water bills which became past due during
the pandemic.
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Community Rela ons
The Marti Terziu Art & Literature Contest, for-
merly known as the Poster and Essay contest
was developed in 1976 by Marti Terziu as a way
to bring the fire prevention message home
through Plantation’s school-aged children. This
year’s fire prevention theme “Learn the Sounds
of Fire Safety,” reminds everyone to be aware
of the risk of fires and how to prevent them.
The Community Engagement Unit , created in
2020, focuses on community outreach, recruit-
ment and juvenile mentorship. In 2021 the unit
created new programs such as Welcome
Home Plantation and Ballin’ with the Cops.
They were also able to secure a donation from
Dick’s Sporting Goods to provide sporting
goods to children throughout the community to
build relationships between youth and police.
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Police Department
Ci zens Police Academy Gun Lock Program
Vic m Services Lost on Foot Program
Mature Drivers Course Trespass Program
Law Enforcement Exploring Child Iden fica on Program
Neighborhood Watch Program Fingerprint Informa on
Opera on Iden fica on
Shopli ing Program
Seniors and Law Enforcement Together (S.A.L.T)
New Programs for 2021
Community Programs
Welcome Home Planta on
Ballin’ With the Cops
For more informa on visit the City’s
Website: planta on.org/
government/departments/police-
department
W. Howard Harrison
Chief of Police
Crime Rates
5% lower than
na onal average
Planta on
Police
Personnel
Data reflects 2020
calendar year and was
released by the FBI in
September, 2021.
Reported
Incidents
2,141
Performance
Measures
Total
Safer than 43% of
the ci es in the
United States
Sworn Officers Civilians
The Planta on Police De-
partment’s Mission
Statement expresses the
goal of the agency to im-
prove the quality of life
for the ci zens of Planta-
on through a partner-
ship with the community
which promotes safe and
secure streets and neigh-
borhoods.
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Fire Department
It is the mission of the
Planta on Fire Depart-
ment to protect the lives
and property of the ci -
zens of Planta on with the
highest levels of
knowledge and skill in the
spirit of “neighbor helping
neighbor” upon which the
Fire Department was
founded, while recognizing
our fiscal responsibility to
the community.
Number of
Firefighters
& EMS
Performance
Measures
Public Educa on and Public Awareness are among the many services the Fire Department
provides to the residents of Planta on. The Fire Department offers a variety of public educa-
on programs designed to educate and inform a wide variety of community and age groups.
To schedule a program, fill out the Pub Ed Request Form on the city’s website. E-mail the
completed form to kmurphins@psd.planta on.org or call Fire Administra on during business
hours at 954-797-2150.
Firefighters EMS Total
Public Educa on Programs
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Parks and Recrea on
The City of Planta on boasts over 40
parks and recrea on ac vi es. The department recently
completed a 10-year master plan to help the City meet
the current and future recrea on needs of the community
The plan is designed to maintain and enhance Planta-
on’s systems of parks, recrea on facili es and programs
over the next 10 years.
Central Park Mul -Purpose Building
9151 NW 2nd Street
Planta on, FL 33324
954-452-2510
Contact
Connect As an accredited member of Elite Park and Recrea on
Agencies. The Parks and Recrea on Department is able
to provide a wide variety of quality services and recrea-
on ameni es for the Planta on community.
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Capital Improvements
Stormwater Rehabilitation/
Replacement
Exis ng drainage infrastructure serving certain residen al
neighborhoods exceeded its useful life span and was in need of
rehabilita on and/ or replacement. The scope of work included
evalua ng the stormwater infrastructure within six (6) residen-
al neighborhoods: Historic District, Planta on Golf Estates,
Royal Palm Estates (North and South), Park East and Planta on
Isle. Scope of work included: replacement of aging infrastruc-
ture, inspec ng, cleaning and lining roadway culverts and ou all
infrastructure, regrading swale areas and shoreline stabiliza on.
(See photo right)
Neighborhood Street Lighting
The City of Planta on strives to improve the livability and safety
of its residen al communi es. Recently, the City partnered with
the Florida Power and Light (FP&L) to retrofit exis ng High-
Pressure Sodium (HPS) street light fixtures to Light Emi ng Di-
ode (LED) street light fixtures. The LED light fixtures produce a
white light that can make colors, lines and objects easier to dis-
nguish which ul mately improves visibility and safety for pe-
destrians and vehicles. (See photo le )
Replacement buildings for
Public Works
Replacement building for Public Works which includes
an area for the Grass Crew Division including six (6)
crews (approximately 25 staff members). The building
would store trailers, tools, equipment and supplies and
also provide the crews with a loca on to conduct equip-
ment maintenance and work indoors during rainy days.
(See completed grounds maintenance building right)
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How are Assessed and Taxable Values Calculated?
The amount of your tax bill depends on two factors. The first is the assessed value of your property, the sec-
ond is the tax rate, expressed as dollars per thousand, for each taxing body in which your property is located.
For example, your property might be subject to taxes by Broward County, the School Board, a City, a Hospital
District and multi-county districts such as the South Florida Water Management District. The sum of each of
these tax rates is multiplied by your assessed value and equals the amount of taxes you are called on to pay.
Property Tax
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All Governmental Funds-
Revenues
Franchise taxes 6.4%:
Fees charged by the City to businesses wishing to carry out
specific commercial ac vi es within City limits.
U lity taxes 5.7%:
Taxes on the purchase of various u lity services, including
electric, water, gas and telecommunica ons.
Miscellaneous 3.0%
One- me revenues from sources not classified elsewhere.
Investment income 0.4%:
Income derived from capital gains, dividends, and other
ac vi es related to the City’s investment por olios.
Fines and forfeitures 0.9%:
Revenues derived from fines and penal es imposed for stat-
utory offenses, and viola ons of lawful administra ve rules
and regula ons.
Where the Money Comes From:
Property taxes 44.8%:
Taxes collected from property owners based upon as-
sessed taxable values and millage rate. This revenue
source is used to fund the City’s opera ons.
Intergovernmental 18.2%:
The combined resources received from State & Local
Governments in the form of grants, contribu ons, state
shared revenues, and sales tax.
Charges for services 12.7%:
The combined resources of various departments for
fees paid by the public for services such as: Parks &
Recrea on, Financial Services, Police and Fire Special
Detail.
Licenses and permits 7.9%:
Fees collected for the issuance of licenses and permits
by the City.
Actual Revenues
$138.5 M
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Governmental Funds are funds typically used to account for tax supported governmental ac vi es. These funds are
subdivided into four sec ons: General Fund, Special Revenue Fund, Debt Services Fund, and Capital Projects Fund.
All Governmental Funds-
Expenditures
Where the Money Goes:
Public Safety 43.68%:
Expenditures associated with providing public
safety services including police, fire, emergency
medical services, building inspec ons and code
enforcement.
Capital Outlay 17.74%:
Expenditures that result in the acquisi on of,
capital assets, specifically fixed assets over
$1,000 and intended to last more than one year,
or physical assets of the City. (streets, public
buildings, parks, etc.)
General Government 13.16%:
Expenditures that are incurred for administra ve
services including City council, Mayor, Finance,
Informa on technology, Human Resources, City
Clerk, Risk Management and Central Services.
Physical Environment
& Transporta on 10.71%:
Expenditures rela ng to the management of natural and man
made resources, programs, and services.
Culture & Recrea on 8.02%:
Expenditures that are incurred to provide services through
parks and recrea on programs.
Debt Service 4.91%:
Expenditures rela ng to the payment of principal and interest
on borrowed monies according to predetermined payment
schedules.
Economic Environment 1.78%:
Expenditures rela ng to the management of the economic
stability of areas within.
Actual Expenditures
$139.7 M
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Licenses and Permits:
Decreased $7.09 million due to
the Building Department moving
from to it’s own Special Revenue
Fund.
General Fund—Revenues
Major Variances
Property Taxes:
Increased by $2.09 million
Primarily due to increase in
property values, which per
BCPA rose 5.12% in FY 2021.
Investment Income:
Decreased by $2.09 million due to
the vola lity in the market surround-
ing the outbreak of the Omicron vari-
ant of COVID-19.
Actual Revenues
$111.1 M
Where the Money Comes From:
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Actual Expenditures
$101.3 M
The General Fund is the primary opera ng fund of the City. It is used to account for all financial resources except those required
to be accounted for in another fund. These ac vi es are funded principally by property taxes from individuals and businesses.
General Fund—Expenditures
Public Safety:
Decreased expenditures by $1.89
million mostly due to moving the
Building Department out of the
General Fund.
Culture & Recrea on:
Increased $684 thousand from the re-
opening of facili es and programs in
Parks & Recrea on from the COVID-19
Pandemic.
Major Variances
Where the Money Goes:
Debit Service:
Decreased expenditures by $106
thousand due to the Informa on
Technology department deciding to
move away from leasing to purchas-
ing computer equipment.
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Other Liabilities: Primarily debts that can be paid off in
one year or less, which includes accounts payable, accrued
payroll, accrued interest payable, and the current portion
of: revenue notes payable, bonds payable, net pension lia-
bility, and compensated absences.
Deferred Inflows and Outflows of Resources: Repre-
sents acquisition (inflows) and consumption (outflows) that
are applicable to future reporting periods.
Net Position: Reflects the City's net worth.
Net Position = Assets (+) Deferred Outflows
(-) Liabilities (-) Deferred Inflows.
Financial Posi on
Net Posi on
$386.9 M
The Statement of Net Posi on provides a snapshot of the City’s assets, liabili es and deferred inflows/ou lows of resources, with
the difference between the two reported fiscal years as net posi on. Over me, increases or decreases in net posi on may serve as
a useful indicator of whether the financial posi on of the City is improving or deteriora ng. The table below shows how the City’s
net posi on changed during the most recent fiscal year.
Compara ve Statement of Net Posi on September 30, 2021 and 2020
IN THOUSANDS
Defini ons:
Current and Other assets: Assets that one can rea-
sonably expect to convert to cash, sell or consume within
one year.
Capital Assets: Long-term investments in land, build-
ings, equipment, improvements, infrastructure, library
collections and construction in progress.
Long Term Obligations: Represents debt obligations of
the City not payable within the next twelve months. It
includes revenue notes payable, bonds payable, net pen-
sion liability, compensated absences, claims and judge-
ments and other post-employment benefits.
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Investment Por olio September 30, 2021 and 2020
Market Value of the City’s Cash & Investments IN THOUSANDS
The City's cash and investment practices and policies are based upon sate law and
the City's investment policy. The primary goals are to:
- Ensure the preservation of principal.
- Maintain liquidity to meet expected
operating expenses.
- Achieve a reasonable rate of return while max-
imizing the potential for capital losses arising from
market fluctuations.
- Operate its portfolio in a transparent manner,
clearly and fully communicating information about
the portfolio
Financial Posi on
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Capital Assets are defined as land, buildings, improvements, equipment, and infrastructure owned by the City. They are constructed
or purchased by departments as needed and are further defined as having benefits that will be realized over further fiscal periods.
Long term liabili es are financial obliga ons, what the city owes, that are due a er a year or more.
Summary of Capital Assets September 30, 2021 and 2020
Capital Assets Held by the City IN THOUSANDS
Summary of Long Term Liabili es September 30, 2021 and 2020
What the City Owes IN THOUSANDS
Major Addi on in 2021:
Various Fire Sta on renova ons
Road re-surfacing
MURT improvements projects
Vehicle and computer replacements
Various Pumps for Water and Wastewater
Major Projects in Progress as of September 30, 2021
In-line grinder
Advanced water meter infrastructure
Shade structures, fencing and park facili es surfaces
Pine Island Park renova on
Financial Posi on
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U lity Services
Q. What is a base charge and why do I have to pay it?
A. In Florida, rates are set to recover the cost and maintenance of the facili es, which includes the water and/
or wastewater plant, distribu on lines from the plant to your residence, your meter, li sta ons, etc. In addi-
on, rates allow the u lity to recover prudent costs of billing, meter reading, salaries, rents, chemicals, tes ng,
etc. The u lity faces costs to maintain the system and to ensure service is available whenever you turn on a
faucet. While you may not require service every day of the year, service must be available at your demand.
Did you know:
The City of Planta on has the 5th lowest water/
wastewater service charges in Broward County.
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U lity Billing Customer
Service Contact Informa on Customer Account Informa on:
A bill is delinquent 22 days from the billing date.
Accounts delinquent for 30 days or more are subject to
disconnec on.
Previous Balance Due:
Current Charges:
The u lity bill is made up of two compo-
nents:
A base charge (monthly minimum charge
based upon type and size of service) and
consump on charge (the amount of water
you use).
If you receive both City water and sewer
services you will have a base and consump-
on charge for both.
Solid Waste & Recycling:
The amount you pay on your u lity bill,
combined with a por on of the cost of the
blue City bags, is the total cost of your
garbage collec on service, bulk pick-up
and recycling.
Total Amount Due:
Payments a er due date are subject to a
2.5% penalty.
Accounts past due 60 days are sent to a
Collec on Agency
Payment Coupon
Payments can be:
Mailed to P.O. Box listed on payment stub
Paid on-line using a credit card or e-check
Placed in a drop box in front of City Hall,
Central Park, Jim Ward CC, or Volunteer Park
Paid in person at City Hall
Paid by automa c debit from your bank
account via our Automated Funds Transfer
(AFT) program
Explain My U lity Bill
Period of U lity Service
Usage Comparisons
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Informa on and Demographics
Principal Employers
Entertainment & Recrea on
Popula on, as provided in Annual Comprehensive
Financial Report:
2021 91,248
2016 92,555
2011 84,867
Resident Sta s cs:
Median Age( yrs.) 40.2
Median Household Income $74,903
Median House Value $330,900
Percentage of Family Households 63.8%
Percentage of Non-family Households* 36.2%
*Source: American Fact Finder-Census
# of employees
Motorola 2,000
Castle Group 1,970
Na onal Beverage 1,550
Broward County 1,432
Magic Leap 1,217
Planta on General Hospital 888
Westside Medical Center 825
City of Planta on 822
DHL 668
JMT Charitable Founda on 567
Principal Property Tax Payers
Taxable assessed value (in millions)
Solero Property LLC $107,989
Broward Mall LLC 103,570
Florida Power & Light, Co. 94,549
ST Tropez Property Owner, LLC 90,390
Camden Summit Partnership, LP 81,951
TRPF Laurels at Jacaranda, LLC 78,168
PR/S les Planta on Apartments 70,172
Magic Leap 64,920
TR Royal Palm Corp 63,091
EQR-Midtown 24 LLC 62,850
City Demographics
Parks and Playgrounds 42
Golf courses 6
Libraries 2
Public Safety
Police Protec on:
Sworn Police Officers 178
K-9’s 3
Fire Protec on:
Rescue Personnel 77
Volunteer Firefighters’ 170
Fire Sta ons 6
Educa onal Facili es
Public Schools:
Elementary 6
Middle 2
High School 2
Private Schools:
(Primary & Secondary) 7
Charter Schools 3
Colleges/Universi es 1
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Social Media
Listed below are the many communica on tools you can use to stay connected and “be in the know”
The City’s Website, Planta on.org Visit Planta on.org for informa on on City
departments, no ces, permits, programs, events and much more.
Askcityhall@Planta on.org
For answers to most City-related ques ons, or concerns, please use our official
City email address, Askcityhall@Planta on.org
Planta on’s e-newsle er, Planta on Now!
To receive the next issue, send your name and email address to planta onparks@gmail.com.
Everbridge
Our newest ci zen no fica on tool! Receive emergency no fica ons that affect our
community via phone, email, Facebook, Twi er, or text. To subscribe, download the
free app from Google Play (Android) or the App Store (iOS).
Follow us on Facebook:
City of Planta on
Planta on Parks & Recrea on
Planta on Aqua cs Complex
Veltri Tennis Center
Planta on Fire Department
Planta on U li es & Public Works
Follow the City, Parks & Recrea on, Fire, Police & the
Helen B. Hoffman Planta on Library on twi er:
@planta onFLA,
@planta onparks,
@helenbhoffman,
@planta onfire and
@planta onpd
Stay Connected to the City!
Follow the Parks &
Recrea on depart-
ment on Instagram at
Planta onparks or
Follow
@Planta onFLA