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Amended Item 7A- Ordinance Establishing Operating BudgetCITY OF ATLANTIC BEACH, FLORIDA CITY COMMISSION MEETING STAFF REPORT AMENDED AGENDA ITEM# 7 A SEPTEMBER 8, 2014 AGENDA ITEM: Public Hearings on adopting a Tentative Millage Rate and adopting Ordinance #20-14-128 establishing the Operating Budget for fiscal year 2014/2015. SUBMITTED BY: Nelson VanLiere, City Manager DATE: August 17, 2014 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 8t\ 2014 in the Commission Chambers at 6:30pm as was noticed to all property owners by the Duval County Property Appraiser's Office. 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 and held two public workshops to review and make adjustments with the City Commission's guidance. The Proposed Operating Budget is funded using the millage rate of 3.3285 mills. This is a 4.95% increase over the roll back rate. Attached is a schedule of changes made to the proposed budget to arrive at the final budget. These changes were discussed in the budget workshops. There will be a second public hearing for the final adoption of the millage by resolution and a second public hearing for the final adoption of the Operating Budget, Ordinance #20-14-128, on September 22nd, 2014 at 6:30 in the City Commission Chambers. RECOMMENDATION: 1.) Hold two public hearings as described in the attached outline to approve both the Tentative Millage Rate of3.3285 mills and the Operating Budget Ordinance #20-14-128 with total expenditures of$30,752,338. 2.) Set the Time and Date of the Second Public Hearing at September 22, 2014 at 6:30pm. In the Commission Chambers of City Hall ATTACHMENTS: Agenda for Public Hearings Ordinance # 20-14-128 Budget Summary of all Funds Schedule: Schedule A: Changes from Proposed Budget to Final Budget \ REVIEWED BY CITY MANAGER: =-J1 {/~ ,2~ AMENDED AGENDA ITEM# 7 A SEPTEMBER 8, 20!4 ADOPTION OF A TENTATIVE MILLAGE AND OPERATING BUDGET FOR FISCAL YEAR 2014/2015 First item to be considered: Adoption of a Tentative Millage Rate State the following: The Millage Rate is 3.3285 The Tentative Millage Rate is 3.3285 The Roll-Back Rate is 3.1715 The Tentative Millage Rate is 4.95% more than the roll back rate. The purpose for adopting the millage rate of 3.3285 is to maintain a level of ad valorem tax revenue sufficient to maintain adequate funding for the existing level of services at anticipated and proposed cost and to continue to maintain the City's infrastructure. Motion to adopt a Tentative Millage Rate for operating purposes of 3.3285 Open Public Hearing Close Public Hearing and Vote Second item to be considered: Ordinance #20-14-128 establishing the Operating Budget for fiscal year 2014/2015 of 30,752,338 Motion to adopt Ordinance #20-14-128 establishing the Operating Budget for fiscal year 2014/2015 Open a Public Hearing Close Public Hearing and Vote ORDINANCE NO. 20-14-128 AMENDED AGENDA ITEM# 7A SEPTEMBER 8, 2014 AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2014 AND ENDING SEPTEMBER 30, 2015. WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 8, 2014, held a public hearing as required by Florida Statute 200.065; and WHEREAS, the City Commission of the City of Atlantic Beach, Florida, set forth the appropriations and revenue estimate for the budget for Fiscal Year beginning October 1, 2014 and ending September 30, 2015 in the amount of$30,752,338. NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that; 1. The Fiscal Year 2015 budget be adopted, and 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this __ day of September 2014. Passed by the City Commission on second and final reading this __ day of September 2014. Carolyn Woods Mayor I Presiding Officer Approved as to form and correctness: Richard Komando, Esquire City Attorney ATTEST: Donna L. Bartle City Clerk City of Atlantic Beach Combined Summary of Revenues and Expenditures Summary of all Funds Actual Actual Estimate 2011-2012 2012-2013 2013-2014 Cash Forward 32,307,612 37,492,961 39,178,616 Revenues General Fund 10,897,298 11,109,664 11,144,461 Special Revenue Funds 1,806,722 1,486,434 1,453,376 Debt Service Fund 73,548 69,791 0 Capital Project Fund 602,658 (54,636) 427,779 Enterprise Funds 16,796,922 11,505,531 12,210,109 Trust and Agency Funds 4,552,027 3,177,000 3,545,023 Total Revenues 34,729,175 27,293,784 28,780,748 Other Financing Sources 591,427 164,214 0 Total Resources 67,628,214 64,950,959 67,959,364 Expenditures General Fund 10,430,632 10,748,328 11,378,443 Special Revenue Funds 2,047,749 1,038,260 1 ,459,145 Debt Service Fund 70,783 72,028 73,113 Capital Project Fund 25,116 0 215,658 Enterprise Funds 15,967,357 11,058,952 13,514,558 Trust and Agency Funds 1,428,381 1,638,006 1 ,944,158 DIVISION TOTALS 29,970,018 24,555,574 28,585,075 Other Financing Uses 165,235 1,216,769 0 Cash Reserves 37,492,961 39,178,616 39,374,289 Total Expenses and Cash 67,628,214 64,950,959 67,959,364 Resource Allocation Personnel Services 9,407,213 9,313,425 9,385,391 Operating Expenses 10,151,562 9,710,684 10,990,287 Capital Outlay 6,873,101 1,751,996 4,268,848 Debt Service 1 ,870,160 2,450,015 2,309,076 Transfers 1,667,982 1,329,454 1,631,473 Total 29,970,018 24,555,574 28,585,075 AMENDED AGENDA ITEM# 7 A SEPTEMBER 8, 2014 Proposed Budget Increase 2014-2015 {Decrease) 39,374,289 195,673 11,327,175 182,714 1 ,428,149 (25,227) 0 0 230,000 (197, 779) 11,686,252 (523,857) 3,568,124 23,101 28,239,700 (541,048) 0 0 67,613,989 {345,375} 11,419,689 41,246 1,809,207 350,062 0 (73, 113) 2,925,000 2,709,342 12,887,444 (627,114) 1,710,998 (233, 160) 30,752,338 2,167,263 0 0 36,861,651 {2,512,638} 67,613,989 {345,375} 9,759,268 373,877 10,794,339 (195,948) 6,702,986 2,434,138 2,147,535 -161,541 1,348,210 -283,263 30,752,338 2,167,263 Schedule A AMENDED AGENDA ITEM# 7 A SEPTEMBER 8, 2014 Changes from Proposed Budget to Final Budget REVENUES: Originally Proposed Revenues: General Fund Charges for Services -Internal Services Charges Revised Final Budgeted Revenues EXPENSES: Originally Proposed Expenses: General Fund City Manager -Salary Benefits Building Maintenance-building repairs Public Works -Streets -Bike Racks and Safety Lighting Information Technology Off-site server capabilities Additional video meetings General Government -Grant writing Services Total General Fund Building Code Enforcement -Internal Service Charges Public Utilities -Internal Service Charges Sanitation-Internal Service Charges Pension Funds -Internal Service Charges Stmm Water Utility -Internal Service Charges Revised Budgeted Expenses: Item not included: Acquisition of marsh front property located directly adjacent to Tideview Preserve at 280 Camelia Street, Atlantic Beach $28,223,617 16,083 $28.239.700 $30,585,488 $15,200 16,062 50,000 20,000 10,000 3,000 36,000 $150,262 771 11,320 2,754 79 1,664 $30.752.338