Monthly Financial Statements

FINANCIAL REPORTS

Comprehensive Annual Financial Report for Fiscal Year 2011 - 2012
Comprehensive Annual Financial Report for Fiscal Year 2010 - 2011
Comprehensive Annual Financial Report for Fiscal Year 2009 - 2010
Comprehensive Annual Financial Report for Fiscal Year 2008 - 2009
Comprehensive Annual Financial Report for Fiscal Year 2007 - 2008
Comprehensive Annual Financial Report for Fiscal Year 2006 - 2007
Financial Statements for Fiscal Year 2005 - 2006
Comprehensive Annual Financial Report for Fiscal Year 2004 - 2005
Financial Statements for Fiscal Year 2003 - 2004
Comprehensive Annual Financial Report for Fiscal Year 2002 - 2003
Financial Statements for Fiscal Year 2001 - 2002

BUDGETING REPORTS

Click on the following links to see the individual budgets for each of the fiscal years listed.

• Adopted Budget Fiscal Year 2012-2013
• FY 2012-2013 Final Budget Summary
• FY 2012 - 2013 Tentative Budget Summary
• Proposed Budget Fiscal Year 2012-2013
• Adopted Budget Fiscal Year 2011- 2012
  
• Adopted Budget Fiscal Year 2010 - 2011
  
• Adopted Budget Fiscal Year 2009 - 2010
  
• Adopted Budget Fiscal Year 2008 - 2009
• Adopted Budget Fiscal Year 2007 - 2008
• Adopted Budget Fiscal Year 2006 - 2007
• Adopted Budget Fiscal Year 2005 - 2006
• Adopted Budget Fiscal Year 2004 - 2005
• Adopted Budget Fiscal Year 2003 - 2004
  
• Adopted Budget Fiscal Year 2002 - 2003
• Adopted Budget Fiscal Year 2001 - 2002
• Adopted Budget Fiscal Year 2000 - 2001

Fiscal Year Budget Presentations

Fiscal Year 2013 Sept. 12, 2012 Budget Presentation
Fiscal Year 2013 August Budget Presentation - August 21, 2012
Fiscal Year 2013 July Budget Presentation - July 26, 2012
Presentation 1-Budget Meeting/TRIM PowerPoint Presentation July 15, 2010
Fiscal Year 2011 Budget Workshop PowerPoint Presentation August 12, 2010
Fiscal Year 2011 1st Budget Meeting Presentation - September 7, 2010
Fiscal Year 2011 2nd Budget Meeting Presentation - September 20, 2010

ACCOUNTS PAYABLE
Vendors, suppliers, and contractors are paid bi-weekly by our Accounts Payable Department.

Send invoices to:
Town of Southwest Ranches
Attention: Finance
13400 Griffin Road
Southwest Ranches, FL 33330

Phone: 954-434-0008
E-mail
pbrill@swranches.org

ACCOUNTS RECEIVABLE
Send invoices to:
Town of Southwest Ranches
Attention: FINANCE
13400 Griffin Road
Southwest Ranches, FL 33330

Phone: 954-434-0008
E-mail
msherwood@swranches.org

All services performed by the Town for individuals are paid to the Accounts Receivable Department. Such services may be for paper copies of documents, copies of CDs, purchasing Town merchandise, and other services offered through our contractors. Certain vendors, such as The Mellgren Planning Group, collect checks for the Town for various permitting, planning and zoning services. ALL Checks or Money Orders MUST be made out to the "Town of Southwest Ranches" . Cash is accepted for merchandise under $20. Exact change only. Thank you.

Current Local Taxes

The following are the major Town taxes for fiscal year 2012 - 2013.

Ad Valorem/Property Tax
The Broward County Property Appraiser's Office sets the Town's assessed and taxable values of property. Ad valorem translates from Latin, "according to value." This is the property tax paid based upon the assessed value of one's property and it is calculated by a millage rate. Each mill generates $1 of tax revenue for every $1,000 of taxable property value. Taxable value may differ from assessed value because of exemptions, the most common of which is the $25,000 to $50,000 homestead exemption, and another $25,000 in exemption for homeowners aged 65 or greater, subject to income requirements. The maximum millage a Town may levy is 10 mils, but this can only be accomplished through a unanimous vote of all Council members.

Under the Save our Homes provisions (Amendment 10), all homestead properties can only have an annual increase of assessed value of either 3% or the CPI, whichever is less. For FY 2012, Amendment 1 limits Towns to a millage rate of the roll-back rate, plus the adjustment for growth in per capita Florida income. For FY 2012-2013, that amount is approximately 3.9%.

For FY 2013, the adopted millage rate is equal to the roll back rate of 3.9042 mils.

Sales and Use Taxes
The State of Florida has a 6.0% sales tax which the Town receives a portion. In addition, the Town receives revenue sharing funds from the State for cigarette taxes, motor fuel, alcohol and beverage licenses, and mobile home licenses. Broward County assesses an additional 2 cents motor fuel tax which is shared with the local governments.

Franchise, Utility and Occupational (Local Business) Taxes
The Town collects three types of franchise, utility, and occupational (local business) taxes: electric, gas, and pro-rata Broward County occupational (local business) taxes. Utility taxes may be levied at a maximum rate of 10% for each utility. The later has traditionally not been considered a franchise tax. However, the State of Florida's Department of Financial Services now requires that it be classified as a tax.

Since Fiscal Year 2002, the Town has been prohibited from collecting taxes on telephone franchises, telephone utility taxes, and cable television franchise taxes. These taxes (considered Communication Services) are now collected by the State of Florida's Department of Revenue and re-distributed to municipalities according to use records at a rate of 5.22%.


To learn more about how your taxes are disbursed to different agencies, how to pay them, who assesses your property value, how to get a Homestead Exemption and more, please contact the Broward County Property Appraiser by Clicking Here !