Budget Workshop Agenda 8-14-17 CITY OF ATLANTIC BEACH
CITY COMMISSION AGENDA
BUDGET WORKSHOP
5:30 P.M.
AUGUST 14, 2017
Call to Order
1. Courtesy of Floor to Visitors
2. FY 2018 Budget Update(Interim City Manager Kevin Hogencamp and Finance
Director Russell Caffey)
Adjournment
Please Note: This meeting will be live-streamed and videotaped and can be accessed by clicking
on the Commission Meeting Video tab located on the home page of the City's website at
www.coab.us.
In accordance with the Americans with Disabilities Act and Section 286.26, Florida Statutes,
persons with disabilities needing special accommodation to participate in this meeting should
contact the City Clerk's Office.
' ° ATLANTIC BEACH
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Fiscal Year 2018
Budget Workshop #4
August 14, 2017
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CITY OF ATLANTIC BEACH
2017 Total Proposed Millages
20.0000
19.8000 : . .h . : 19.7289
19.6000
19.4000
19.2000 19.0684
19.0000
18.8000 _ .
18.6393
18.5644
18.6000 18.5022
18.4000
18.2000
18.0000 4
17.8000
Jacksonville Atlantic Beach Neptune Beach Jax Beach Town of Baldwin
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Roadway Improvements
$ 350,000 Resurfacing - Gas Tax Fund
80,000 Resurfacing - Half Cent Sales Tax Fund
22,000 Asphalt Repair (General Fund and Stormwater)
20,000 Concrete Repair (General Fund)
150,000 Sidewalk Improvements — Royal Palms (Reserves)
100,000 Streetscaping & Beautification W Mayport (Reserves)
$ 722,000 Reconciled Positive / (Negative) Variance
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Reserve Reconciliation
$ (497,681) Negative Variance in the General Fund
100,000 Streetscaping and Beatification on or west of Mayport Road
150,000 Sidewalk Improvements — Royal Palms (Reserves)
95,000 Legal Fees for Extraordinary Items
203,000 Transfer to Capital Project Fund - ERP
100,000 Transfer to Capital Project Fund - CH Remodel
$ 319 Reconciled Positive / (Negative) Variance
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Half Cent Discretionary Sales Tax Fund
• This fund is restricted to capital projects that are similar in nature to the
Better Jacksonville Plan
• Transportation
• Environment / Quality of life
• Targeted Economic Development
• Public Facilities
• In FY18, we have budgeted renovations to Russell Park ($168K), Jordan Park
($100K) and Veterans Park ($65,000).
• $25,000 in funding to assist residents transition from septic to sewer.
• The fund has a remaining fund balance of $508,209
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Convention Development Tax Fund
• The City of Atlantic Beach, through Resolution 91-5, has authorized these
funds to be used to acquire and develop municipal parks, lifeguard
stations, and/ or athletic fields. Contributions to promote tourism in the
beaches communities is also an approved use of these funds.
• In FY18, we have budgeted :
• Spray Park $250,000
• Lifeguard Station Development $ 90,000
• Beach Walkovers and Signage $70,000
• The fund has a remaining fund balance of $10,629
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Local Option Gas Tax Fund
• Usages: Capital outlay and maintenance for local roads and drainage
systems.
• In FY 18 this fund has $200,000 budgeted for paving, $150,000 for
Street and Sidewalk Improvements. Additionally there is a transfer to
the general fund of $232,000.
• The fund has a remaining fund balance of $15,515