Annual Financial Report to Taxpayers Now Available
As Palm Beach County’s Clerk & Comptroller, I serve as the County’s Chief Financial Officer, Treasurer and Auditor, creating a separation of powers and a “check and balance” between the policymakers on the Board of County Commissioners and the fiscal authority for the County.
Checks & Balances, also known as a Popular Annual Financial Report (PAFR), is an easy-to-read, user-friendly guide that shows how tax money is spent and gives insight to the county’s fiscal health.
Among the findings in this year’s Checks & Balances report:
- Property tax revenue – the County’s main source of income – increased slightly, for the first time since Fiscal Year 2010. The County’s property tax revenue was $828 million in FY 2013, compared with $824 million in FY 2012.
- The cost of running Palm Beach County government and services increased for the first time in three years. County expenditures increased by approximately $24.7 million, or 1.5 percent, in FY 2013.
- There were more signs of an economic turnaround in Palm Beach County in FY 2013, such as a 19 percent increase in residential building permits issued, an 18 percent increase in mortgages and deeds recorded, and a 6 percent increase in collection of Tourist Development Taxes, also known as bed taxes.
The Fiscal Year 2013 version of Checks & Balances is based on the Comprehensive Annual Financial Report (CAFR), also produced each year by the Clerk & Comptroller’s office. Both financial reports are available online at www.mypalmbeachclerk.com/countyfinances.
I hope you find Checks & Balances to be useful and informative. If you would like print copies of Checks & Balances for your community group or association, or would like me or a member of the Clerk & Comptroller’s office to speak to your group about county finances, please call 561-355-2468.
Best regards,
Sharon R. Bock, Esq.
Clerk & Comptroller, Palm Beach County
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Clerk Sharon R. Bock, Esq.
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