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Financial Services
100 E. Boynton Beach Blvd.
PO Box 310
Boynton Beach, FL 33435-0310
Phone: 561-742-6311
FAX: 561-742-6316
Hours (M-F): 8:00a - 5:00p
The Financial Services Department is responsible for administering the $182 million dollar budget for fiscal year 2007-2008.
Budget
The City Commission on September 18, 2007 adopted the Annual Budget for Fiscal Year 2007/2008. Copies of the budget are also available for review in the City's Library.
Millage Rate
With this budget adoption the Commission reduced the current millage rate for Ad Valorem Taxes from 7.1 mils to 6.4553 mils. The impact of that to a homeowner is as follows:
Assessed Value of Home $300,000
Less Homestead Exemption $ (25,000)
Taxable Value $275,000
6.4803 (General – 6.4553 & Debt .0250)
Total City Taxes $1,782.00
CAFR (Comprehensive Annual Financial Report)
 CAFR for Fiscal Year ended 09/30/2006 (134 pgs, 1.2 mb PDF)
provides an assessment of the financial condition and
results of operations within the legally adopted budget.
Expenditure Policy
The Director of Financial Services, or a designee, reviews all expenditures of City dollars. Department expenditure requests must meet all purchasing guidelines before payment is made. Items costing between $500 and $1,999 must have three (3) verbal quotes from vendors before an order is placed. Orders between $2,000 and $24,999 (non-construction), or between $2,000 and $74,999 (construction) must have three (3) written quotes. In lieu of quotes, the departments can utilize other acceptable government contracts (State Contracts, GSA, SNAPS, piggy-back of other entities bids, etc.). Orders between $5,000 and $9,999 must be approved by the City Manager, or designee. Orders over $10,000 require the approval of the City Manager. Formal bid threshold is $25,000 (non-construction), and $75,000 (construction). |
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