Item 6C/7AAGENDA ITEM # 6C/7A
SEPTEMBER 24, 2007
CITY OF ATLANTIC BEACH, FLORIDA
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: Public Hearings on adopting the Millage Rate by Resolution #07-06 and
adopting Ordinance #20-07-87 establishing the Operating Budget for
fiscal year 2007/2008.
SUBMITTED BY: Nelson Van Liere, Finance Director
DATE: September 17, 2007
BACKGROUND: In order to adopt a millage rate and operating budget, the City
Commission must adhere to a strict process per state law. Please find attached an outline for
the public hearings to be held on September 24th, 2007 in the Commission Chambers at 7:15pm
as was published in our local newspaper. The format is the same as last year 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 and held four
workshops to review and make adjustments with the City Commission's guidance. The
Proposed Operating Budget as amended is funded using the millage rate of 2.9974 mills. This
represents a 8.91 % increase over the rolled back-rate of 2.7523 mills.
On September 17, 2007 The City Commission approved the recommended tentative millage
rate of 2.9974 mills and the Operating Budget Ordinance #20-07-87 with total expenditures of
$29,344,270.
RECOMMENDATION:
• Hold two public hearings as described in the attached outline to approve both
Resolution #07-06 for the Millage Rate of 2.9974 mills and the Operating
Budget Ordinance #20-07-87 with total expenditures of $29,344,270 in that
order by separate vote.
ATTACHMENTS: Agenda for Public Hearings
Resolution #07-06
Ordinance # 20-07-87
Budget Summary of all Funds
REVIEWED BY CITY MANAGER:
AGENDA ITEM # 6C/7A
SEPTEMBER 24, 2007
ADOPTION OF MILEAGE AND OPERATING BUDGET FOR FISCAL YEAR
2007/2008
First item to be considered:
Adoption of Millage Rate, Resolution #07-06
State the following:
The Tentative Millage Rate is 2.9974
The Roll-Back Rate is
2.7523
The Tentative Millage is 8.91 % higher than the Roll-Back Rate
The purpose for the increase in ad valorem tax revenue is to maintain adequate
funding for the existing level of service at anticipated increased cost.
Motion to adopt a Millage Rate for operating purposes of 2.9974
Open Public Hearing
Close Public Hearing and Vote on Resolution #07-06
Second item to be considered:
The Ordinance #20-07-87 establishing the Operating Budget for fiscal year 2007/2008
of $29,344,270.
Motion to adopt Ordinance #20-07-87 establishing the Operating Budget for fiscal year
2007/2008.
Open a Public Hearing
Close Public Hearing and Vote