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Finance

Posted on: July 14, 2021

Wellington Presents Preliminary 2022 Annual Budget

Calculator and Pen on top of a paper with numbers

Wellington is preparing the Fiscal Year 2021/2022 Budget process based on the development, implementation, and evaluation of plans for the provision of services and capital assets.  The first phase of the budget process is presenting the overall Village budget. The second phase, departmental budgets, will follow in a few weeks.

Highlights

  • The total preliminary FY 2022 budget is $133.2 million as compared to the FY 2021 budget of $101.6 million, including inter-fund transfers.  The $31.2 million increase is primarily due to capital improvement projects. Additionally, increases in operating costs are budgeted for materials and supplies increases and the return to full operations following cancellation and/or reduction in programs and operations as part of the pandemic response.  

  • The Fiscal Year 2022 proposed budget is a marked change from last year’s pandemic budget.  The proposed budget aggressively addresses capital projects while maintaining the same millage and ACME assessment rates.  

  • The preliminary rates compared to FY 2021 are listed below:
    Wellington preliminary rates for fiscal year 2022 compared to 2021
  • With an estimated 5.3% increase in the 2021 Taxable Value to $9.3 billion, the strength of Wellington’s residential market provides ad valorem tax revenues of $958,000 more than last year at the preliminary 2.47 millage rate.        The revenue value of each .1 mill is $883,000 in FY 2022 compared to $845,000 in FY 2021.

  • The ad valorem impact for a homesteaded property valued at $300,000 is an increase of about $10.  The increase is $15 for a non-homesteaded property.

  •  Revenue increases are included in shared / intergovernmental revenues including sales tax, sales surtax, gas tax, and road impact fees – approximately $1.7 million increase; and in charges for services including parks & recreation program and rental fees – approximately $828,790
    (NOTE:  The above two revenues were the most impacted from the pandemic – reduced intergovernmental and sales tax receipts and reduced parks and recreations programming and activities.)

  • The preliminary FY 2022 budget funds 236 full-time governmental positions, 90,728 part-time hours, 6 supplemental positions, and 2 interns. In the enterprise funds, the budget funds 66 full-time positions, 1,560 part-time hours, 8 supplemental positions, and 1 intern.

  • Capital and Major Maintenance Projects included in the preliminary 2022 Budget include:

One Time Projects

Sheriff Substation (Design)                $   900,000

Tennis Center Expansion (Design)     $    150,000

Amphitheater  (Grant Match)              $   400,000

Section 24 Preserve (Grant Match)    $    600,000

Community Park (Design)                  $    500,000

Aeroclub Widening                               $1,350,000

Town Center Phase II                           $8,320,000

Aquatics Complex (Design)                  $1,500,000

South Shore/Pierson Intersection         $4,000,000


Ongoing Programs

Acme R & R                                       $   795,000

Neighborhood Signs                           $     85,000

Neighborhood Parks                           $   310,000

MultiModal Trails                                 $   260,000

Park Improvements                             $   320,000

Tech. Investment                                 $   290,000

Multiuse Pathways                              $   400,000

Traffic Engineering                              $     75,000

SWM System Rehab                           $   660,000


Utilities

Communications & Tech Investment      $ 50,000 

Water Supply Improvements              $2,260,000 

Water Treatment System                    $2,575,000 

Water Repump and Storage                $1,100,000 

Force Main Wastewater System          $4,400,000 

Water Reclamation Facility                  $   900,000 

Reuse System Improvements             $    350,000

The budget process will continue with the distribution of capital projects and departmental budget information.  Public outreach to gain input from residents and stakeholders continues with the Budget Challenge online survey at wellingtonfl.gov/BudgetChallenge, social media, the upcoming Facebook Virtual Town Hall, and Wellington’s website.  

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