Budget & Finance

www.monroecounty-fl.gov/budgetandfinance

Budget and Finance provides effective development and implementation of Monroe County’s budget; promotes efficient, sound financial management; ensures governmental procurement regulations are followed countywide; facilitates financially responsible grant funding; and maintains the highest standards of ethics, integrity, and prudent expenditure of public funds.

The Budget and Finance Department is made up of three offices:

1. OFFICE OF MANAGEMENT AND BUDGET (OMB)

- Develops, publishes, implements, administers and monitors annual operating and capital budgets

- Provides financial analysis and revenue and expenditure forecasting

Senior Director: Tina Boan

305.292.4467

Boan-Tina@ monroecounty-fl.gov

Employees: 11

Budget: $5.1 million (includes $3.5 million for nonprofit funding that the department manages).

- Performs multi-year budget forecasts, analyzes the effect of the State budget on the County budget, and prepares financial information in collaboration with Monroe County departments for the Board of County Commission and the public.

FiscalYear(FY)23AdoptedBudget

The Board of County Commissioners adopted a $519.7 million FY23 budget. The budget includes the Board of County Commissioners, the constitutional officers, like the Sheriff's Office, Tax Collector, Property Appraiser, Supervisor of Elections, and Clerk of Court, and other appropriations for the Tourist Development Council, capital projects, and reserves.

Monroe County has the lowest millage rate in Florida and has continued this trend for many years.

DID YOU KNOW?

For FY23, the BOCC approved $2.1 million in property tax revenues to 26 nonprofit human service organizations that provide needed services to vulnerable residents of Monroe County.

The budget is in effect from Oct. 1, 2022 to Sept. 31, 2023.

Fy23 Budget Highlights

- A decrease in the proposed FY23 aggregate millage rate by 4.2 percent from 3.3748 to 3.2326. A homesteaded residential property owner with an average appraised assessed taxable value of $469,161 in 2022 will see a $0.66 monthly decrease in their property tax for the FY23 year. The taxable value is different from the market value.

- Reflects a property value increase with a total value of $36.8 billion, another historic high. Property values have doubled in the past 10 years.

- Reflects continued investment in roads and bridges, resilience adaptation, facilities, and public safety infrastructure. A number of notable capital projects are funded in whole or in large part with non-local funding.

- Funds expanded recreational facilities, including upgrades and amenities to existing parks and expanded library services.

- Funds higher operational costs like CPI-based increases for vendor contracts, higher cost of fuel, supplies, and materials, higher utility and property insurance costs, and higher personnel costs.

2.PURCHASING OFFICE

Provides quality purchasing, procurement, and contracting support to all County departments in a timely, cost-effective, professional manner while following a strict code of ethics that promotes fair and open competition.