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Final Millage & Operating BudgetCITY OF ATLANTIC B.EACH, FLORIDA CITY COMMISSION MEETING STAFF RE PORT FINAL M ILL & Of>ER HUO SEPTEM BER 22,2014 AGENDA ITEM: Public llcar in gs o n adop tin g Resolution I 4-08 for th e Mi ll age Rate and adopt in g Ord inance #20-14-1 28 es tab li shin g th e Ope rat ing Budget fo r fi sca l yea r 2014/2015. SUBMITTED BY: Nelson VanLiere, City Manager c...LY DATE: September I 0, 20 14 BACKGROUND: In order to ado pt a mi ll age rate and operating budget, the City Commiss ion mu s t ad he re to a strict process per stat e la w. P lease find attached an ou tli ne for the publi c hea rin gs to be he ld on Sep temb er 22 11d, 20 14 in th e Co m.mi ss io n Chamb ers at 6:30pm. The format is th e same as in previous yea rs and 1s to be read into the record as present ed in order to assure compliance with the TRIM laws (s.200.065, F.S.). Prior to th ese hearings, the City Man age r presented a Propose d Operat in g Budget and held two wo rks hops to review a nd make adju stm ent s with th e City Co mmi ss ion's guid a nce. The Proposed Operating Budget is funded using th e m ill age rate of3.3285 mill s. T hi s is the same as the curr ent rate. This is th e second public hearin g for the final adop ti on of th e mi ll age by resoluti on and a seco nd pub li c h ea rin g for th e fi na l ado ption of th e Operating Budget, Ordinance #20-14-128. RECOMMENDATION: 1.) Ho ld two publi c hear ings as desc rib ed in the attac hed outli ne to approve both th e final Mill age Ra te of3.3285 mill s and th e Operat ing Bud get Ordi nance #20- 14-1 28 wit h to tal expend itu res of$30,752)38. ATTACHMENTS: Age nda for Public 11carings Reso lu ti on #14-08 Ordina nce # 20-14-1.28 Budget Summary of all Funds Schedu le A: Proposed Changes to Pinal Budget REVIEWED BY C ITY MANAGER: f/ / u.-y ~~ FINAL MILL & OPER BUD SEPTEMBER 22, 2014 ADOPTION OF THE FINAL MILLAGE RATE AND OPERATING BUDGET FOR FISCAL YEAR 2014/2015 First item to be considered: Adoption of the Millage Rate by Resolution 14-08 State the following: The Tentative Millage Rate is 3.3285 The Roll-Back Rate is 3.1715 The Tentative Millage Rate is 4.95% 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 #20-14-128 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 Discussion and Vote FINAL MILL & OPER BUD SEPTEMBER 22, 2014 RESOLUTION NO. 14-08 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, 2014 AND ENDING SEPTEMBER 30, 2015; 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, 2014 and ending September 30, 2015; 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, 2014 and ending September 30, 2015, based on a millage rate 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 October 1, 2014 and ending September 30, 2015 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 3.1715 is 4.95%. 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 22nd day of September 2014. , Approved as to form and correctness: Richard Komando, Esquire City Attorney ATTEST: Donna L. Bartle City Clerk Carolyn Woods Mayor I Presiding Officer ORDINANCE NO. 20-14-128 FINAL MILL & OPER BUD SEPTEMBER 22, 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 2014/2015 budget be adopted, and 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this gth 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 FINAL MILL & OPER BUD SEPTEMBER 22, 2014 City of Atlantic Beach Combined Summary of Revenues and Expenditures Summary of all Funds Proposed Actual Actual Estimate Budget Increase 2011-2012 2012-2013 2013-2014 2014-2015 (Decrease) Cash Forward 32,307,612 37,492,961 39,178,616 39,374,289 195,673 Revenues General Fund 10,897,298 11,109,664 11,144,461 11,327,175 182,714 Special Revenue Funds 1,806,722 1,486,434 1,453,376 1,428,149 (25,227) Debt Service Fund 73,548 69,791 0 0 0 Capital Project Fund 602,658 (54,636) 427,779 230,000 (197,779) Enterprise Funds 16,796,922 11,505,531 12,210,109 11,686,252 (523,857) Trust and Agency Funds 4,552,027 3,177,000 3,545,023 3,568,124 23,101 Total Revenues 34,729,175 27,293,784 28,780,748 28,239,700 (541,048) Other Financing Sources 591,427 164,214 0 0 0 Total Resources 67,628,214 64,950,959 67,959,364 67,613,989 (345,375) Expenditures General Fund 10,430,632 10,748,328 11,378,443 11,419,689 41,246 Special Revenue Funds 2,047,749 1,038,260 1 ,459,145 1,809,207 350,062 Debt Service Fund 70,783 72,028 73,113 0 (73, 113) Capital Project Fund 25,116 0 215,658 2,925,000 2,709,342 Enterprise Funds 15,967,357 11,058,952 13,514,558 12,887,444 (627,114) Trust and Agency Funds 1,428,381 1,638,006 1,944,158 1,710,998 (233, 160) DIVISION TOTALS 29,970,018 24,555,574 28,585,075 30,752,338 2,167,263 Other Financing Uses 165,235 1,216,769 0 0 0 Cash Reserves 37,492,961 39,178,616 39,374,289 36,861,651 (2,512,638) Total Expenses and Cash 67,628,214 64,950,959 67,959,364 67,613,989 (345,375) Resource Allocation Personnel Services 9,407,213 9,313,425 9,385,391 9,759,268 373,877 Operating Expenses 10,151,562 9,710,684 10,990,287 10,794,339 (195,948) Capital Outlay 6,873,101 1,751,996 4,268,848 6,702,986 2,434,138 Debt Service 1,870,160 2,450,015 2,309,076 2,147,535 -161,541 Transfers 1,667,982 1,329,454 1,631,473 1,348,210 -283,263 Total 29,970,018 24,555,574 28,585,075 30,752,338 2,167,263 Schedule A FINAL MILL & OPER BUE SEPTEMBER 22, 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 Govemment-Grant writing Services Total General Fund Building Code Enforcement-Internal Service Charges Public Utilities -Intemal Service Charges Sanitation-Internal Service Charges Pension Funds -Internal Service Charges Storm 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