Agenda Item 6A 7AAGENDA ITEMS # 6A/7A
SEPTEMBER 26, 2011
CITY OF ATLANTIC BEACH, FLORIDA
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: Public Hearings on adopting Resolution 11 -25 for the Millage Rate and
adopting Ordinance #20 -11 -111 establishing the Operating Budget for
fiscal year 2011 /2012.
SUBMITTED BY: Nelson Van Liere, Finance Director
DATE: September 15, 2011
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 26 2011 in the Commission Chambers at
6:00pm. 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 3.3285 mills. This is the same
as the roll back 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 -11 -111.
RECOMMENDATION:
1.) Hold two public hearings as described in the attached outline to approve both
the Millage Rate of 3.3285 mills and the Operating Budget Ordinance #20 -11-
111 with total expenditures of $29,582,340.
ATTACHMENTS: Agenda for Public Hearings
Resolution #11 -25
Ordinance # 20 -11 -111
Budget Summary of all Funds
Schedule A: Proposed Changes to Final Budget
REVIEWED BY CITY MANAG
AGENDA ITEMS # 6A/7A
SEPTEMBER 26, 2011
ADOPTION OF THE MILLAGE RATE AND OPERATING BUDGET FOR FISCAL
YEAR 2011/2012
First item to be considered:
Adoption of the Millage Rate by Resolution 11 -25
State the following:
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 with no percent
difference.
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 increased cost and to continue to maintain the
City's infrastructure.
Motion to adopt a Millage Rate for operating purposes of 3.3285
Open Public Hearing
Close Public Hearing
Discussion and Vote
Second item to be considered:
Ordinance #20 -11 -111 establishing the Operating Budget for fiscal year 2011/2012 of
$29,582,340
Motion to adopt Ordinance #20 -11 -111 establishing the Operating Budget for fiscal
year 2011/2012
Open a Public Hearing
Close Public Hearing
Discussion and Vote