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HomeMy WebLinkAbout2007 09 24 Public Hearing 500 Resolution 2007-43 Final Operating Millage Rate for FY 2007-2008 The completion of Public Hearing agenda items 500 and 501 is dependent on the results of the 4:00 p.m. budget workshop which has been scheduled for Monday, September 24,2007. Once consensus has been reached the blanks will be populated. FIRST ITEM OF THE EVENING COMMISSION AGENDA ITEM 500 CONSENT INFORMATIONAL PUBLIC HEARING REGULAR xx September 24, 2007 Meeting MGRr /DEPT. Authorization PUBLICLY ANNOUNCE THE REQUEST REQUEST: The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution No. 2007-43, which establishes the Final Operating Millage Rate for Fiscal Year 2007-2008 for the City of Winter Springs and the Final Voted Debt Service Millage Rate for Fiscal Year 2007-2008 for the City of Winter Springs. PURPOSE: The purpose of this agenda item is to have the Commission approve Resolution No. 2007- 43, otherwise known as the Final Millage Rates for Fiscal Year 2007-2008. CONSIDERATIONS: On September 10, 2007, the Commission adopted a tentative operating millage rate of 4.2919 mills and a tentative voted debt service millage rate of 0.1022 mills for a total tentative millage rate of 4.3941 mills. Tonight the Commission will set the final millage rates which can not exceed the tentative millage rates. At the budget workshop on September 11, 2007, the Commission reached a consensus to reduce the 2007- 2008 operating millage rate to 3.0696 mills and institute a new fire assessment fee. 15m6 IlJ.IilIY The rolled-back rate for fiscal year 2007-2008 is 3.9303 mills. An operating millage rate of 3.0696 mills does not exceed 91 % of the rolled-back rate which computes to be 3.5766 and therefore only requires a simple majority vote. The following chart reflects the operating millage options along with the requisite vote. o Operating Millage Rate Ran e 3.5766 or less 3.5767 - 3.9303 3.9304 - 4.2919 4.2920 or reater RECOMMENDATION: The Commission adopt Resolution No. 2007-43 establishing the final operating millage rate at whatever rate the Commission deems necessary for fiscal year 2007-2008, the final voted debt service millage rate at 0.1022 mills for fiscal year 2007-2008 and publicly announce the percentage by which the final operating millage rate is less than or more than the rolled-back rate. IMPLEMENTATION SCHEDULE: Upon approval and adoption of Resolution No. 2007-43, the Millage Rates for Fiscal Year 2007-2008 would be implemented and become effective on October 1,2007. ATTACHMENTS: Resolution No. 2007-43 COMMISSION ACTION: RESOLUTION NO. 2007-43 A RESOLUTION OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING THE FINAL OPERATING MILLAGE RATE AND THE FINAL VOTED DEBT SERVICE MILLAGE RATE FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2007 AND ENDING ON SEPTEMBER 30, 2008; ANNOUNCING THE PERCENT AGE BY WHICH THE FINAL OPERATING MILLAGE RATE IS THE ROLLED-BACK RATE; PROVIDING FOR SEVERABILITY; PROVIDING FOR REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission of Winter Springs of Seminole County, Florida, on September 24, 2007, adopted Fiscal Year 2007-2008 Final Millage Rates following a public hearing as required by Florida Statute 200.065; WHEREAS, the City Commission of Winter Springs of Seminole County, Florida, held a public hearing as required by Florida Statute 200.0065; WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Seminole County has been certified by the Seminole County Property Appraiser to the City of Winter Springs as $2,221,298,940; WHEREAS, the City Commission of Winter Springs desires to adopt the final operating millage rate and publicly announce the percent, if any, by which the final operating millage rate is more than or less than the rolled-back rate, and adopt the final voted debt service rate; and WHEREAS, the City Commission of Winter Springs deems that this Resolution is in the best interest of the public health, safety, and welfare of the citizens of Winter Springs. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated by this reference. Section 2. The City Commission adopts its final operating millage rate of mills and its final voted debt service millage rate of 0.1022 mills for the fiscal year commencing October 1, 2007 and ending September 30, 2008. City of Winter Springs, Florida Resolution 2007-43 Page 1 of 2 Section 3. The final operating millage rate of the computed rolled-back rate of 3 .9303 mills. Section 4. Within three (3) days of the date of this Resolution, the Finance Director shall forward the Resolution adopting the final millage rate to the Seminole County Property Appraiser and the Seminole County Tax Collector. Section 5. Within thirty (30) days of the date of this Resolution, the Finance Director shall certify compliance with Chapter 200, Florida Statutes by causing the Certification of Compliance, along with all necessary documentation, to be sent to the Property Tax Administration of the Department of Revenue. Section 6. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict. Section 7. Severability. If any section, subsection, sentence, clause, phrase, word, or portion of this Resolution is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. Section 8. Effective Date. This Resolution shall become effective immediately upon adoption by the City Commission of the City of Winter Springs, Florida. RESOLVED by the City Commission of the City of Winter Springs, Florida, in a public hearing assembled on this 24th day of September, 2007. John F. Bush, Mayor ATTEST: Andrea Lorenzo-Luaces, City Clerk Approved as to legal form and sufficiency for The City of Winter Springs only: Anthony A. Garganese, City Attorney City of Winter Springs, Florida Resolution 2007-43 Page 2 of 2 Date: September 24, 2007 The attached was distributed by Ms. Michelle Greco during the discussion of Public Hearings Agenda Item "500" at the September 24, 2007 City Commission Regular Meeting. Attachment B - Reconciliation of Tentative Budget to Proposed Final Budget Revisions subsequent to 2007-2008 Tentative Budget Hearing Fiscal Year 2007-2008 Budget Other Governmental Funds General Fund Enterprise Funds Total Expenditures-Tentative $55,167,266 Revisions since Tentative: Increase Lighting project #313 - TLBD Improv. Phase II Cell phone stipend (various dep'ts and funds) Move 2610's stipend budget from General to Medical Trans :rease Central Winds Parkway (FY 07 to FY 08 timing issue) - #140 Fire Truck #2240 Commission budget revisions #1100 Increase TC Trail - FY 07 to FY 08 timing issue #305 Increase Veteran's Memorial - FY 07 to FY 08 timing issue #306 154 Lori Ann Lane renovation - #306 Inter-division transfer of police officers - rounding Decrease in worker's camp rates (and related transfers, if applicable) - City-wide Transfer to General from Medical Trans - 50% of Fire Truck Fire Assessment Fund Costs $21,230,925 $20,422,724 $13,513,617 $2,000 $4,733 $0 $200,000 $370,000 $10,500 $110,000 $105,146 $12,000 ($1) ($95,566) $162,000 $2,492,000 $0 Expenditures-Proposed Final~. $2,000 $4,349 $384 ($581) $581 $200,000 $370,000 $10,500 $110,000 $105,146 $12,000 ($1) ($79,786) $117,000 ($748) $162,000 $2,375,000 Revenues-TENTATIVE Revisions since TENTATIVE: Maximum Assessment - Fire Decrease in transfers in due to workers camp rate decrease - General, Stormwater Traffic and Fire Insurance Rebates Millage decrease - 4.2919 to 3.0696 Transfer in from Fire Assessment Fund Fire Truck auction proceeds; transfer 50% from Med Trans ($15,032) $52,921,145 $2,375,000 ($1,221) $45,000 ($2,222,649) $2,375,000 $202,000 $0 Revenues - Proposed Final -'~-~:~K~.ithiil"O.- - --I~~;1~l:~ ,,1' .. - ~jfl'i~tir;~~.l'-' ~ii',;{ii~'l;'1' $21,583,917 $19,478,542 $11,858,686 Appropriation to (from) Fund Balance Iwr Budgeted Ending Fund Balance Ending Fund Balance Designations: 90-day / 25% Operating Reserve Non-recurring Special Projects $2,375,000 ($367) $45,000 ($2,222,649) $2,375,000 $202,000 ($854) l~ji~!llJq311 $8,500,955 $8,141,519 ! $5,229,338 $3.271,617 $8,500,955 $~JIIII81.. $8,713,421 ~. $25,355,895 092407 _COMM_Public_Hearing_501_Attachment_B RESOLUTION NO. 2007-43 A RESOLUTION OF THE CITY OF . WINTER SPRINGS, FLORIDA, ADOPTING THE FINAL OPERATING MILLAGE RATE AND THE FINAL VOTED DEBT SERVICE MILLAGE RATE FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2007 AND ENDING ON SEPTEMBER 30, 2008; ANNOUNCING THE PERCENTAGE BY WHICH THE FINAL OPERATING MILLAGE RATE IS LESS THAN THE ROLLED-BACK RATE; PROVIDING FOR SEVERABILITY; PROVIDING FOR REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission of Winter Springs of Seminole County, Florida, on September 24, 2007, adopted Fiscal Year 2007-2008 Final Millage Rates following a public hearing as required by Florida Statute 200.065; WHEREAS, the City Commission of Winter Springs of Seminole County, Florida, held a public hearing as required by Florida Statute 200.0065; WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Seminole County has been certified by the Seminole County Property Appraiser to the City of Winter Springs as $2,221,298,940; WHEREAS, the City Commission of Winter Springs desires to adopt the final operating millage rate and publicly announce the percent, if any, by which the final operating millage rate is more than or less than the rolled-back rate, and adopt the final voted debt service rate; and WHEREAS, the City Commission of Winter Springs deems that this Resolution is in the best interest of the public health, safety, and welfare of the citizens of Winter Springs. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated by this reference. Section 2. The City Commission adopts its final operating millage rate of 3.2496 mills and its final voted debt service millage rate of 0.1022 mills for the fiscal year commencing October 1, 2007 and ending September 30, 2008. City of Winter Springs, Florida Resolution 2007-43 Page 1 of 2 Section 3. The final operating millage rate of 3.2496 mills is 17.32% less than the computed rolled-back rate of 3.9303 mills. Section 4. Within three (3) days of the date of this Resolution, the Finance Director shall forward the Resolution adopting the final millage rate to the Seminole County Property Appraiser and the Seminole County Tax Collector. Section 5. Within thirty (30) days of the date of this Resolution, the Finance Director shall certify compliance with Chapter 200, Florida Statutes by causing the Certification of Compliance, along with all necessary documentation, to be sent to the Property Tax Administration of the Department of Revenue. Section 6. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict. Section 7. Severability. If any section, subsection, sentence, clause, phrase, word, or portion of this Resolution is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. Section 8. Effective Date. This Resolution shall become effective immediately upon adoption by the City Commission of the City of Winter Springs, Florida. RESOL VED by the City Commission of the City of Winter Springs, Florida, in a public hearing assembled on this 24th day of September, 2007. ~~ A orenzo-Luaces, City Clerk legal form and sufficiency for ter Springs only: nthony A. Garganese, City Attorney City of Winter Springs, Florida Resolution 2007-43 Page 2 of 2 .