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AGENDA ITEM # 7A
SEPTEMBER 12, 2011
ADOPTION OF A TENTATIVE MILLAGE AND OPERATING BUDGET FOR
FISCAL YEAR 2011/2012
First item to be considered:
Adoption of a Tentative Millage Rate
State the following:
The Millage Rate is 3.1553
The Tentative Millage Rate is 3.3285
The Roll —Back Rate is 3.3285
The Tentative Millage Rate is the same as 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 -11 -111 establishing the Operating Budget for fiscal year 2011/2012 of
$29,647,486
Motion to adopt Ordinance #20 -11 -111 establishing the Operating Budget for fiscal
year 2011/2012
Open a Public Hearing
Close Public Hearing and Vote
AGENDA ITEM # 7A
SEPTEMBER 12, 2011
ORDINANCE NO. 20-11-111
AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2011 AND ENDING SEPTEMBER 30,
2012.
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 12,
2011, 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, 2011
and ending September 30, 2012 in the amount of $29,647,486.
NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF
OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that;
The fiscal Year 2011/2012 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 2011.
Passed by the City Commission on second and final reading this day of September
2011.
Louis M. Borno
Mayor / Presiding Officer
Approved as to form and correctness:
Alan C. Jensen, Esquire
City Attorney
ATTEST:
Donna L. Bartle
City Clerk
AGENDA ITEM # 7A
SEPTEMBER 12, 2011
City of Atlantic Beach
Combined Summary of Revenues and Expenditures
Summary of all Funds
Other Financing Sources 654,605 679,211 0 0 0
Total Resources 56,218,024 58,336,651 70,039,370 62,553,747 (7,485,623)
Expenditures
General Fund
Actual
Actual
Estimate
Budget
Increase
Special Revenue Funds
2008 -2009
2009 -2010
2010 -2011
2010 -2012
(Decrease)
Cash Forward
28,149,952
29,093,219
30,599,832
32,852,178
2,252,346
Revenues
14,213
29,901
548,360
4,336,328
3,787,968
General Fund
10,533,938
10,821,328
11,419,109
10,964,641
(454,468)
Special Revenue Funds
1,360,663
1,731,870
1,991,926
1,644,012
(347,914)
Debt Service Fund
68,676
71,152
68,850
71,300
2,450
Capital Project Fund
331,340
1,085,724
923,430
2,255,737
1,332,307
Enterprise Funds
12,721,991
12,027,437
22,198,728
11,411,549
(10,787,179)
Trust and Agency Funds
2,396,859
2,826,710
2,837,495
3,354,330
516,835
Total Revenues
27,413,467
28,564,221
39,439,538
29,701,569
(9,737,969)
Other Financing Sources 654,605 679,211 0 0 0
Total Resources 56,218,024 58,336,651 70,039,370 62,553,747 (7,485,623)
Expenditures
General Fund
12,848,407
9,721,772
10,577,380
10,964,641
387,261
Special Revenue Funds
1,632,369
2,236,249
2,214,401
1,717,788
(496,613)
Debt Service Fund
71,359
71,560
71,342
70,783
(559)
Capital Project Fund
14,213
29,901
548,360
4,336,328
3,787,968
Enterprise Funds
10,678,703
13,900,595
21,704,457
11,229,404
(10,475,053)
Trust and Agency Funds
980,896
1,066,368
1,347,644
1,328,542
(19,102)
DIVISION TOTALS
26,225,947
27,026,445
36,463,584
29,647,486
(6,816,098)
Other Financing Uses
898,858
710,374
723,608
0
(723,608)
Cash Reserves
29,093,219
30,599,832
32,852,178
32,906,261
54,083
Total Expenses and Cash
56,218,024
58,336,651
70,039,370
62,553,747
(7,485,623)
Resource Allocation
Personal Services
8,974,257
8,946,509
9,196,665
9,872,556
675,891
Operating Expenses
9,529,952
9,039,430
10,129,581
10,209,523
79,942
Capital Outlay
2,261,605
5,141,669
12,908,367
5,609,552
(7,298,815)
Debt Service
1,680,417
1,679,951
1,706,464
2,297,807
591,343
Transfers
3,779,716
2,218,886
2,522,507
1,658,048
(864,459)
Total
26,225,947
27,026,445
36,463,584
29,647,486
(6,816,098)
AGENDA ITEM # 7A
SEPTEMBER 12, 2011
Schedule A
Changes from Proposed Budget to Final Budget
Originally Proposed Revenues: $29,420,355
Ad Valorem Taxes
207,039
Internal Service Charges
48,950
Transfers from Water Utility
2,926
Transfer from Sewer Utility
33,661
Communication Service Tax
<15,527>
Municipal Revenue Sharing
<4,905>
DOT Lighting
9,070
Storm Water Fee Increase
189,000
Transfer from Gas Tax Fund
<189,000>
Revised Budgeted Revenues $29,701,569
Originally Proposed Expenses: $29,216,720
Pay and Benefit Bonus
65,144
Health Insurance Benefit Increase
228,085
IT Software Upgrade
52,000
Internal Service Charges
48,950
Transfer to General Fund from Water
2,926
Transfer to General Fund from Sewer
33,661
Transfer to Storm Water Fund from Gas Tax Fund
<189,000>
Street Resurfacing Program
189,000
Revised Budgeted Expenses: 29,647,486