Page 5 - Talk of Tequesta - April '20

The Talk Of Tequesta, Page 5

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Dollars And Sense (Of Purpose)

By Katie Roundtree, Finance Director, Northern Palm Beach County Improvement District
By official proclamation, many professionals who are generally not in the public eye,” opinion on the fair presentation of the financial statements,
on March 10, the Palm said FGFOA President Ken Burke. “We offer congratulations the best result possible.
Beach County Board of to all of the government finance professionals throughout the Finally, we are in the process of drafting our 2020/21
County Commissioners, state of Florida as we celebrate their accomplishments.” budget. In an effort to communicate our spending plan to our
designated March 16 to 20 “The professional finance officer’s knowledge, integrity constituents, Northern’s staff will hold meetings with unit
as “Government Finance and dedication make certain that funds entrusted to representatives, including landowners, property managers
Professionals Week.” This government are properly budgeted, disbursed and accounted and homeowner association representatives. The district’s
inaugural Government for,” Burke said. “This accountability is a key ingredient to Budget and Banking Committee will carefully review all
Finance Professionals Week ensure people’s faith in government.” aspects of the proposed budget. Meetings will be held
is sponsored by the Florida Northern Palm Beach County Improvement District’s throughout the late spring and early summer to discuss the
Government Finance Officers finance department consists of a finance director, budget budget with the Board of Supervisors. Check our website for
Association (FGFOA), a manager, fiscal specialist/receptionist, information system our meeting schedule.
professional association founded in 1937 and serving specialist/payroll clerk and two part-time interns. Staff is NPDES tip: Please do not put any excess oils, paints or
more than 3,300 professionals from state, county and city responsible for preparing and managing an approximately $37 solvents into lakes, canals, or storm drains! They go directly
governments, school districts, colleges and universities, million budget for roughly 50 unique units of development. into the ground water supply.
special districts, and private firms. Each unit has its own budget and assessment rate(s).
The FGFOA is dedicated to being a professional resource Northern’s tax roll is certified each year with approximately
by providing opportunities through education, networking, 160 different assessment rates that are applied to each of the
leadership and information. The weeklong series of activities 58,000 parcels within the district. in your CommuniTy
sponsored by the FGFOA and all of its member governmental We take our responsibility seriously and that gives us
organizations, is aimed at recognizing government finance the sense of purpose to ensure the proper accountability of
professionals and the vital services that they provide to our taxpayers’ money. The most recent audit of the financial
state and to our communities. statements of the district was presented to the Board of Tequesta
“This is a wonderful opportunity to showcase the talents of Supervisors in February and Northern received an unmodified

When you retire, your life changes in many ways – and so Strawberry
do your finances. One of the biggest changes is that instead
of contributing to tax-deferred retirement savings plans that
reduce your taxes, you’ll start tapping those savings for Festival
income and paying taxes at your regular rate (unless you’re
tapping a Roth account) – not the preferential capital-gains Submitted by Jane Speak, Media Relations,
rate reserved for stocks and bonds held in taxable accounts. First Presbyterian Church of Tequesta

Reconsider your retirement account contributions, and The First Presbyterian Church of Tequesta held its 44th
increase them, if possible. annual Strawberry Festival on March 7 at 482 Tequesta
2141 Alt A1A South Suite 310 Drive. Attendees shopped Trifles and Treasures, the Jewelry
Boutique, Books, Bakery and the Men’s Garage and bid
Jupiter, Florida 33477 401(k) contributions reduce your AGI (that’s adjusted
gross income, or the amount of income on which you pay on the silent auction. Children enjoyed free arts and crafts.
The Retirement Planning Specialists Crafting Financial taxes). Increases toward your annual contribution limit, Freshly picked tomatoes and peppers were added to fresh
Solutions with Insight and Integrity since 1980 which will increase from $19,000 to $19,500 in 2020, strawberries and strawberry jam for sale. They also sold a
reduce taxable income. If you’re self-employed or have limited supply of jalapeno strawberry jam.
self-employed income in addition to regular W-2 income, Photo by Jane Speak
consider opening a solo 401(k) to further reduce your AGI
and protect your financial future.

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You may have a general goal in mind when it comes
It is Tax Season! to retirement, but you need a specific plan for effective
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You should be looking at your taxes as and prioritize spending needs based on what will make Judy Campbell and George and Loretta Glevis sold
you happy and comfortable. Create a budget for early,
part of Retirement Planning. middle and late retirement, taking into consideration strawberry jam and the new jalapeno strawberry jam at the
different expenses for each stage. Don’t fool yourself that Tequesta Strawberry Festival.
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