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Agenda Item 1AGENDA ITEM: SU AGENDA TI`EM 1 SEPTEMBER 23, 2013 CITY OF ATLANTIC BEACH, FLORIDA CITY COMMISSION MEETING STAFF REPORT Public Hearings on adopting Resolution 13 -11 for the Millage Rate and adopting Ordinance #20 -13 -125 establishing the Operating Budget for fiscal year 2013/2014. MITTEN BY: Nelson Van Liere, Finance Director CA-) DATE: September 10, 2013 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 23r1, 2013 in the Commission Chambers at 6:30pm. 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 current 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 -13 -125. RECOMMENDATION: 1.) Hold two public hearings as described in the attached outline to approve both the final Millage Rate of 3.3285 mills and the Operating Budget Ordinance #20- 13 -125 with total expenditures of $29,482,771. ATTACHMENTS: Agenda for Public Hearings Resolution #13 -11 Ordinance # 20 -13 -125 Budget Summary of all Funds Schedule A: Proposed Changes to Final Budget REVIEWED I:,Y CITY MANAGER: AGENDA ITEM 1 SEPTEMBER 23, 2013 ADOPTION OF THE FINAL MILLAGE RATE AND OPERATING BUDGET FOR FISCAL YEAR 2013/2014 First item to be considered: Adoption of the Millage Rate by Resolution 13 -11 State the following: The Tentative Millage Rate is The Roll —Back Rate is 3.3285 3.3156 The Tentative Millage Rate is 0.39% higher 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 the estimated cost and to continue to maintain the City's infrastructure. Motion to adopt a final Millage Rate for operating purposes of 3.3285 Open Public Hearing Close Public Hearing Discussion and Vote Second item to be considered: Ordinance #20 -13 -125 establishing the Operating Budget for fiscal year 2013/2014 of $29,482,771 Motion to adopt Ordinance #20 -13 -125 establishing the Operating Budget for fiscal year 2013/2014 Open a Public Hearing Close Public Hearing Discussion and Vote AGENDA ITEM 1 SEPTEMBER 23, 2013 RESOLUTION NO. 13 -11 A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA LEVYING THE AD VALOREM PROPERTY TAX MILLAGE RATE FOR MUNICIPAL PURPOSES ON ALL TAXABLE PROPERTY WITHIN THE CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2013 AND ENDING SEPTEMBER 30, 2014; STATING THE PERCENTAGE BY WHICH THE MILLAGE TO BE LEVIED EXCEEDS THE ROLLED - BACK RATE; AND, PROVIDING AN EFFECTIVE DATE. WHEREAS, Florida law requires the City Commission of the City of Atlantic Beach, Florida, to pass a resolution levying the millage rate for ad valorem property taxes for municipal purposes on all taxable property within the city limits of the City of Atlantic Beach, Florida, for the fiscal year beginning October 1, 2013 and ending September 30, 2014; and WHEREAS, Florida law requires said resolution to state the millage rate to be levied, and also, to state the percentage by which the millage rate to be levied exceeds the rolled -back rate as computed pursuant to Florida law; and WHEREAS, the City Commission of the City of Atlantic Beach, Florida, has duly considered the budgetary requirements of the City; has adopted a tentative budget for the fiscal year beginning October 1, 2013 and ending September 30, 2014, based on a millage late of 3.3285 mills on the taxable property within the City; and has acted in accordance with the terms, provisions, and procedures contained in section 200.065, Florida Statutes; NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Atlantic Beach, Florida, that 1. The ad valorem property tax millage rate for municipal purposes to be levied on the taxable property within the city limits of the City of Atlantic Beach Florida, during the fiscal year beginning Octoberl, 2013 and ending September 30, 2014 is hereby set at the rate of 3.3285 mills. 2. The percentage by which this millage rate to be levied exceeds the rolled -back rate of 3.3156 is 0.39 %. 3. This resolution shall take effect immediately upon its passage and adoption by the City Commission of the City of Atlantic Beach, Florida. ADOPTED at a public hearing by the City Commission of the City of Atlantic Beach, Florida on the 23`d day of September 2013. Approved as to form and correctness: Alan C. Jensen, Esquire Mayor / Presiding Officer City Attorney ATTEST: Donna L. Bartle City Clerk