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Item 7A Operating Budget OrdinanceCITY OF ATLANTIC BEACH, FLORIDA CITY COMMISSION MEETING STAFF REPORT A GENDA JTI<:M 117A SEPTEMIJim 14,20 15 AGENDA ITEM: Pub lic Hearings o n adopting a Tentative Millage Rate and ad o pting Ordinance #20-15-132 est ab li s hin g th e Operating Budget for fiscal year 20 15/20 16. SUBMITTED BY: Russell Caffey, Finance Director ~y DATE: September 14 ,20 15 BACKGROUND: In order to adopt a mil lage rate a nd operati ng bu dget, the Ci ty Commission must a dhere to a s tri ct Ptroc ess per s tate law. Please find attac hed a n outline for the public heari n gs to be held o n September 141 ', 2015 in the Commissio n C hambers at 6:30pm as was noticed to a ll property owne rs b y the Duval County Property Appraiser's Office. The format is the sam e as in previou s years a nd is to be read into th e record as presented in o rder to ass ure compliance with th e TRIM laws (s.200.065, F.S.). Pri or to these hearings, the C ity M ana ger presented a Proposed Operating Budget and held two public workshops to rev iew and ma ke adjustments with the City Commiss ion's guidance. The Proposed Operati ng Bud get is fund ed usi ng the millage rate of 3.3285 mills. This is a 5.44% increase over the roll back rate. A ll changes to arri ve at final budget were di scussed in the budget workshops. (See Schedule A) l. Grant of $62,700 to h elp fund the phospho rus re mov a l project (33% match) was awal'ded a fter compi lation of proposed budget. 2. Tree Protecti o n Grant of $1 0,000 w as awarded after compilation of proposed budget 3. Grant of$25,000 to he lp fund the CRA s tud y was awarded after compil a tion of proposed budget 4 . Allocation ofhealthcare costs to Sewer and Sanitation division. Amounts not included in p revious budget pro p osal. 5 . Fiscal Year 2015 project replacin g the efflu e nt outfa ll for $320,000 is s till awaiting permitting from the Coast G uard . 0 The re w ill b e a second publi c hearing for th e final ad o pti o n of the mill age by resolution and a second pub1ic hearing fo r the final adopti o n of the Operating Budget, Ordinance #20-15-132, o n September 28111 , 20 15 at 6:30 in the C ity Com mi ssion C h ambers. RECOMMENDATION: 1.) H o ld two publi c heari ngs as described in th e attached outline to approve b o th the T e nta ti ve Millage Rate of 3.3285 mill s a nd the Oper a ting Budget Ordinance #20-15-132 with to tal ex penditures of$33,059,201 . 2.) Set the T ime and Date of the Second Publi c Hearing at September 28, 2015 at 6:30pm. ln the Commission C hambers of City H a ll. ATTACHMENTS: Agenda for Public H earin gs Ordinance# 20-15-13 2 Budget Summary of a ll Funds Schedule: Schedu le A: C h a nges from Proposed Budget to Final Budget REVIEWED BY CITY MANAGER: -?t_, ~~ AGENDA ITEM# 7A SEPTEMBER 14, 2015 ADOPTION OF A TENTATIVE MILLAGE AND OPERATING BUDGET FOR FISCAL YEAR 2015/2016 First item to be considered: Adoption of a Tentative Millage Rate State the following: The Millage Rate is 3.3285 The Tentative Millage Rate is 3.3285 The Roll-Back Rate is 3.1567 The Tentative Millage Rate is 5.44% more 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 anticipated and proposed cost and to continue to maintain the City's infrastructure. Motion to adopt a Tentative Millage Rate for operating purposes of3.3285 Open Public Hearing Close Public Hearing and Vote Second item to be considered: Ordinance #20-15-132 establishing the Operating Budget for fiscal year 2015/2016 of $33,059,201 Motion to adopt Ordinance #20-14-13 2 establishing the Operating Budget for fiscal year 2015/2016 Open a Public Hearing Close Public Hearing and Vote ORDINANCE NO. 20-15-132 AGENDA ITEM# 7A SEPTEMBER 14, 2015 AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016. WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 14, 2015, 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, 2015 and ending September 30, 2016 in the amount of$33,059,201. 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 2016 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 2015. Passed by the City Commission on second and fmal reading this __ day of September 2015. Carolyn Woods Mayor I Presiding Officer Approved as to form and correctness: Richard Komando, Esquire City Attorney ATTEST: Donna L. Bartle City Clerk City of Atlantic Beach Combined Summary of Revenues and Expenditures Summary of all Funds Actual Actual Estimate 2012-2013 2013-2014 2014-2015 Cash Forward 37,492,961 39,178,618 40,401,341 Revenues General Fund 11,109,663 11,204,899 11,348,292 Special Revenue Funds 1,486,435 1,560,069 1,447,054 Debt Service Fund 69,790 Capital Project Fund (54,636) 364,822 349,999 Enterprise Funds 11,505,531 12,182,098 12,266,518 Trust and Agency Funds 3,176,999 3,105,080 3,544,669 Total Revenues 27,293,783 28,416,968 28,956,532 Other Financing Sources 164,214 388,758 Total Resources 64,950,958 67,984,345 69,357,873 Expenditures General Fund 10,748,328 10,861,273 11,589,960 Special Revenue Funds 1,038,260 1,418,672 1,522,290 Debt Service Fund 72,028 73,113 Capital Project Fund 98,073 631,716 Enterprise Funds 11,058,947 12,446,983 11,715,286 Trust and Agency Funds 1,638,006 1,448,128 1,617,289 DIVISION TOTALS 24,555,569 26,346,241 27,076,541 Other Financing Uses 1,216,774 1,236,762 355,732 Cash Reserves 39,178,618 40,401,341 41,925,600 Total Expenses and Cash 64,950,961 67,984,344 69,357,873 Resource Allocation Personnel Services 9,313,416 9,149,396 9,253,450 Operating Expenses 9,710,687 10,119,154 11,197,056 Capital Outlay 1,751,997 3,299,043 2,913,881 Debt Service 2,450,015 2,151,646 2,045,235 Transfers 1,329,454 1,627,003 1,666,919 Total 24,555,569 26,346,241 27,076,541 Budget 2015-2016 41,925,600 11,722,799 2,127,196 855,000 11,490,883 3,866,761 30,062,639 71,988,239 11,722,799 2,396,850 3,457,700 13,873,304 1,608,548 33,059,201 38,929,038 71,988,239 10,198,510 11,126,161 8,159,330 1,964,326 1,610,874 33,059,201 AGENDA ITEM# 7A SEPTEMBER 14,2015 Increase (Decrease) 1,524,259 374,507 680,142 505,001 (775,635) 322,092 1, 106,107 2,630,366 132,839 874,560 2,825,984 2,138,018 (8,741) 5,962,660 {355,732) {2,996,562) 2,610,366 945,060 (70,895) 5,225,449 (80,909) (56,045) 5,962,660 Schedule A AGI!:NOA ITEM# 7A SEPTEMBER 14, 201 ~ Changes from Proposed Budget to Fin al Budget REVENUES: Orig inally Proposed Revenues: StJohn's Water Ma na ge men t District Cost Sharing Program ID S tat e Grant -Tree Protection Q> Sta te Gra nt -CRA Stud y CD Revised Final Budgeted Revenues EXPENSES: Originally Proposed Expenses: He alth In surance -Sewe r and Sanitat ion® Repl acement of effl uent outfall lin e ( canied over from FY15) m Revised Budgeted Expenses: Note from Bud get Worksho p: $2 9,964,939 62,700 I 0,000 25,000 $30.062.639 $32,656,765 82,436 320,000 $33,059.20 I At th e requ est of th e comm iss ion, $20,000 has been identifi ed in the prev iously proposed bud get fo r improvement to beach access po ints (signage and amen iti es). CD • Gr an t to help fund th e pho sp horu s rem ova l project was awarded afte r co mpil ati o n of propo sed bu dget. 33% matchin g gr ant. ® -Grant was awarded after co mpilati o n of proposed bud get 0> -Grant was awarded after co mpil ati on of proposed bud get ® -A ll ocatio n of hea l.th ca re cos ts to Sewer and Sa nit a ti o n d ivi sio n. Amounts not in cluded in previous budget proposa l. <S> -Fisca l Year 20 15 proj ect, current ly awaiti ng pennitting fro m the Coast Guard.