Item 6C/7A AGENDA ITEM # 6C /7A
SEPTEMBER 27, 2010
CITY OF ATLANTIC BEACH, FLORIDA
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: Public Hearings on adopting Resolution 10 -12 for the Millage Rate and
adopting Ordinance #20 -10 -105 establishing the Operating Budget for
fiscal year 2010/2011.
SUBMITTED BY: Nelson Van Liere, Finance Director J
DATE: September 20, 2010
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 27 2010 in the Commission Chambers at
6:OOpm. 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
three workshops to review and make adjustments with the City Commission's guidance. The
Proposed Operating Budget is funded using the millage rate of 3.1553 mills. This is the same
as the current year's rate.
This is the 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 -10 -105.
RECOMMENDATION:
1.) Hold two public hearings as described in the attached outline to approve both
the Millage Rate of 3.1553 mills and the Operating Budget Ordinance #20 -10-
105 with total expenditures of $35,411,428.
ATTACHMENTS: Agenda for Public Hearings
Resolution #10 -12
Ordinance # 20 -10 -105
Budget Summary of all Funds
REVIEWED BY CITY MANAGER:
AGENDA ITEM # 6C /7A
SEPTEMBER 27, 2010
ADOPTION OF THE MILLAGE RATE AND OPERATING BUDGET FOR FISCAL
YEAR 2010/2011
First item to be considered:
Adoption of the Millage Rate by Resolution 10 -12
State the following:
The Tentative Millage Rate is 3.1553
The Roll —Back Rate is 3.2898
The Tentative Millage Rate is 4.09 percent less than the Roll -Back Rate
The purpose for adopting the millage rate of 3.1553 is to maintain a level of ad
valorem tax revenue sufficient to maintain adequate funding for the existing
level of services at anticipated increased cost and to continue to maintain the
City's infrastructure.
Motion to adopt a Millage Rate for operating purposes of 3.1553
Open Public Hearing
Close Public Hearing and Vote
Second item to be considered:
Ordinance #20 -10 -105 establishing the Operating Budget for fiscal year 2010/2011 of
$35,411,428
Motion to adopt Ordinance #20 -10 -105 establishing the Operating Budget for fiscal
year 2010/2011
Open a Public Hearing
Close Public Hearing and Vote