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HomeMy WebLinkAbout2001 09 10 Public Hearing B Resolution 2001-36 Tentative Budget FY 2001-2002SECOND ITEM OF THE EVENING COMMISSION AGENDA ITEM B CONSENT INFORMATIONAL PUBLIC HEARING XX REGULAR MGR ~'~/DEPT. ~!//~ Meeting Ai~thc-ri~atinn REQUEST: The City Manager is requesting the City Commission hold a Public Hearing relative to the approval of: ' Resolution No. 2001-36, establishing the Tentative Budget for Fiscal Year 2001-2002. PURPOSE: The purpose of this agenda item is to have the Commission approve the first reading of Resolution No. 2001-36, otherwise known as the Tentative Budget for Fiscal Year 2001-2002. CONSIDERATIONS: Resolution No. 2001-36 -Tentative Budget ' The Tentative Budget was prepared using a millage rate of 3.94. If the Tentative Millage of 3.9400 is adopted, versus the current 3.5400, it would result in an increase of Ad Valorem Tax Revenues to the City in the amount of $446,897. ' The Tentative Budget is the same as the Preliminary Budget discussed during the Budget Workshops sessions except the changes reflected in the attached memorandum. ' Any changes or deletions requested by the City Commission at this meeting will be reflected in the second reading (Final Budget Hearing) scheduled for September 24, 2001. ' The Commission can further amend the budget at the second reading. RECOMMENDATION: Tentative Budget ^ The Commission amend the Tentative Budget for Fiscal Year 2001-2002 as it deems necessary. ^ The Commission adopt Resolution No. 2001-36 establishing the Tentative Budget for Fiscal Year 2001-2002 as amended by the Commission. IMPLEMENTATION SCHEDULE: Upon approval and adoption of Resolution No. 2001-36 at the second reading the Budget for Fiscal Year 2001 - 2002 would be implemented and become effective on October 1, 2001. ATTACHMENTS: ^ Resolution No. 2001-36 COMMISSION ACTION: RESOLUTION NO. 2001-36 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING THE TENTATIVE BUDGET FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2001 AND ENDING ON SEPTEMBER 30, 2002; PROVIDING FOR SEVERABILITY; PROVIDING FOR THE REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Winter Springs has adopted a tentative millage rate at a public hearing pursuant to Florida Statute 200.065, Subparagraph (c); and WHEREAS, the City Commission desires to adopt the tentative budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, AS FOLLOWS: Section 1. Having previously adopted a tentative millage rate for the City of Winter Springs for fiscal year 2001/2002, the City Commission adopts its tentative budget as may be amended for the fiscal year commencing October 1, 2001, and ending September 30, 2002, as presented at its Regular Meeting assembled on the date of this Resolution, with all amendments, if any, adopted at that meeting. Section 2. The proposed expenditures in the tentative budget are $ The budget is based upon taxable value of real property value of $1,143,932,765. Section 3. Within fifteen (15) days of the date of this Resolution, the Clty Clerk shall advertise in a newspaper of general circulation its intent to finally adopt a millage rate and budget and shall hold a public hearing to finalize the budget and adopt a millage rate not less than two (2) days or more than five (5) days after the date of the advertisement is published. Section 4. 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 5. 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 6. This Resolution shall become effective immediately upon its adoption by the City Commission of the City of Winter Springs, Florida. ADOPTED by the City Commission of the of Winter S rings, Florida, in a Regular Meeting assembled on this 10~' ay of ~ er 01. ~~ Paul Partyka, Mayor AT EST: L_ Andrea Lorenz ces, City Clerk