Jupi t er ’s B ud get at a Gl a nc e
Our region continued to enjoy economic gains throughout Fiscal Year 2018,
enabling the Town to maintain a property tax rate consistent with the
previous year. Despite having to allocate substantial resources in the wake
13.9%
38.3%
Town of Jupiter
of Hurricane Irma, Federal and planned emergency funding assisted with
Fire Rescue
minimizing the economic impact to Jupiter, allowing the Town to continue
9.9%
Palm Beach County
to be forward-thinking with its resources in FY19.
Special Taxing Districts
In the course of its financial planning for the year, the Town used a strategic
School Board
12.4%
25.5%
approach to the utilization of its financial resources for FY19, with the most
significant investments for FY19 consisting of salary and insurance needs for
its employees. The Town’s FY2019 – 2023 Community Investment Plan decreased over the previous year through efforts to
better align capital investments to the strategic plan.
The overall amended budget for FY18 was $111.7 million. Looking forward, the Town has adopted an FY19 overall budget of
$98.1 million and a five-year Community Investment Program (CIP) of $26.8 million for FY2019 - 2023 (excludes funds Water and
Stormwater funds), with $5.3 million of the total CIP planned for allocation in FY19.
Fiscal Year 2018 - Amended Budget
(October 1, 2017 - September 30, 2018)
Community
Investment
Program
18.5%
Debt -
Community
Ctr/Open
Space
1.9%
General Fund
45.9%
$111,737,276
Debt - Capital
Improvements
4.1%
Building
4.1%
Stormwater
2.6%
Water
22.7%
2018 General Fund Revenues
Utilization of
Fund Balance
2.0%
Miscellaneous
1.5%
Inter-
governmental
5.2%
Fines &
Forfeitures
0.4%
$51,287,480
Transfers
7.4%
Charges for
Services
15.0%
Licenses &
Permits
9.8%
Ad Valorem
Taxes
40.2%
Other Taxes
18.5%
2018 General Fund Expenses
Engineering &
Public Works
11.3%
Jupiter’s fiscal year begins October 1 and
goes through September 30. The total
revised budget in FY18 was $111.7 million,
including $20.7 million in capital investments.
This is an increase of $14.5 million over FY17.
In FY19, the total adopted budget decreased
from the previous year to $98.1 million largely
due to a change in priority relating to capital
investments.
Where the Money Comes From...
Property taxes, also known as ad valorem
taxes, are the most significant source of
funding for Jupiter’s general operations. The
Town has adopted a tax rate for FY19 that
is consistent with the tax rate from FY18.
Given the strength of the economy, FY19
tax revenues are expected to be higher than
FY18 revenues primarily due to an increase in
property values. This has allowed the Town
to forego increasing the FY19 tax rate.
Where the Money Goes...
General
Government
34.5%
$51,287,480
Police
43.1%
Jupiter’s Total Budget
Parks,
Recreation,
Business Svcs
10%
The Town of Jupiter continues to place
great importance on the safety and security
of its citizens. Law enforcement makes up
the largest portion of Town expenditures,
followed by General Government operations.
These general operations include recreation
and neighborhood programs, financial
management, planning and zoning, parks
and open spaces, and much more. As a
percent of the total, the Town will reduce the
government expenditure amount this year,
while the percentage of expenditures for law
enforcement will increase slightly.
Fiscal Year 2019 - Adopted Budget
(October 1, 2018 - September 30, 2019)
Community
Investment
Program
Debt - 5.4%
Community
Ctr/Open
Space
2.2%
General Fund
53.8%
$98,142,906
Debt - Capital
Improvements
4.9%
Building
4.2%
Water
26.5%
Stormwater
3.1%
2019 General Fund Revenues
Utilization of
Fund Balance
0.4%
Miscellaneous
1.5%
Inter-
governmental
5.1%
Fines &
Forfeitures
0.3%
$52,806,773
Ad Valorem
Taxes
41.2%
Transfers
7.8%
Charges for
Services
16.3%
Licenses &
Permits
1.0%
Other Taxes
26.4%
2019 General Fund Expenses
Engineering &
Public Works
11.3%
General
Government
33.4%
$52,806,773
Police
44.9%
Parks,
Recreation,
Business Svcs
10%