09-27-21 ATTACHMENT- Amended Staff Report for 8DCITY OF ATLANTIC REACH
CI'T'Y COMMISSION MEETING
STAFF RE, PORT
AGENDA ITEM: Public Hearings on adopting Resolution No. 21-52 for the Millage Rate
and adopting Ordinance 20-21-161 establishing the Operating Budget for
fiscal year 2021/2022.
SUBMITTED BY. Melissa Burns, Director of Finance
TODAY'S DATE:
MEETING DATE
September 14, 2021
September 27, 2021
BACKGROUND: In order to adopt a millage rate and operating budget, the City Commission
must adhere to a strict process per state law. Attached is an outline for the public hearings to be held on
September 27th in the Commission Chambers at 6:30pm. The format is the same as in previous years and
is to be read into the record as presented in order to assure compliance with the TRIM laws (s.200.065,
F.S.).
Prior to these hearings, the City Manager presented a Proposed Operating Budget; held two workshops
and discussions at regular Commission meetings to review and make adjustments to the budget with the
City Commission's guidance. The Proposed Operating Budget is funded using the millage rate of 3.2285
mills. This is the same as the current rate.
This is only public hearing required to adopt the millage by resolution and the second public hearing for
the final adoption of the Operating Budget, Ordinance 20-21-161.
BUDGET: None
RECOMMENDATION: Hold two public hearings as described in the attached outline to approve
both the final Millage Rate of 3.2285 mills and the Operating Budget Ordinance 20-21-161 with total
expenditures of $54,640,926.
ATTACHMENT(S): Outline for Public Hearings
Resolution No. 21-52
Ordinance 20-21-161
(LINK: FY2022 Proposed Budget - Online Version
REVIEWED BY CITY MANAGER: ,
FISCAL YEAR 2021/2022
First item to be considered:
Adoption of the Millage Rate by Resolution 21-52
State the following:
The Tentative Millage Rate is 3.2285
The Roll—Back Rate is 3.0836
The Tentative Millage Rate is 4.70% higher than the Roll -Back Rate.
The purpose for adopting the millage rate of 3.2285 is to maintain a level of ad
valorem tax revenue sufficient to maintain adequate funding for the existing level
of services at the estimated cost and to continue to maintain the City's
infrastructure.
Open Public Hearing
Close Public Hearing
Motion to adopt a final Millage Rate for operating purposes of 3.2285
Discussion and Vote
Second item to be considered:
Ordinance 20-21-161 establishing the Operating Budget for fiscal year 2021/2022 of
$54,640,926
Open a Public Hearing
Close Public Hearing
Motion to adopt Ordinance 20-21-161 establishing the Operating Budget for fiscal
year 2021/2022
Discussion and Vote