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HomeMy WebLinkAbout2006 09 25 Public Hearing 201 Resolution 2006-51 Final Budget SECOND ITEM OF THE EVENING COMMISSION AGENDA ITEM 201 PUBLIC HEARING September 25,2006 Meeting MGR /DEPT. Authorization REQUEST: The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution No. 2006-51, establishing the Final Budget for Fiscal Year 2006-2007. PURPOSE: The purpose of this agenda item is to have the Commission approve Resolution No. 2006-51, otherwise known as the Final Budget for Fiscal Year 2006-2007. CONSIDERA TIONS: The proposed final budget was prepared at the direction of the Commission using an Operating Millage Rate of 4.2919 mills and a Voted Debt Service Millage Rate of .1100 mills. The total proposed expenditures in the final budget are $61,806,006 which is comprised of the following: General Fund $21,163,500 Other Governmental Funds $27,254,852 Enterprise Funds $13,387,654 The General Fund expenditure total includes implementation of the approved personnel costs, addition of a new fire engine (half from General Fund -$150K), Torcaso Park Master Plan ($10,000), and the Bear Creek boardwalk project ($50,000). For a recap of ALL the revisions occurring since the Preliminary Budget see Attachment B. If the Commission chooses to change the budget at the hearing, adjustments will be made to the budget resolution to reflect the Commission's wishes. In that event, time will be requested for an accuracy check of the revised resolution figures. RECOMMENDATION: · The Commission amend the Final Budget for Fiscal Year 2006-2007 as it deems necessary. 092506_ COMM ]ublic _ Hearing_ 201 ]inal_ Budget · The Commission adopt Resolution No. 2006-51 establishing the Final Budget for Fiscal Year 2006-2007 as amended by the Commission. IMPLEMENTATION SCHEDULE: Upon approval and adoption of Resolution No. 2006-51, Final Budget for Fiscal Year 2006- 2007 would then be implemented and become effective on October 1,2006. ATTACHMENTS: · A - Resolution No. 2006-51 · B - Reconciliation of Preliminary Budget to Proposed Final Budget COMMISSION ACTION: 092506_ COMM ]ublic _ Hearing_ 201 ]inal_ Budget RESOLUTION NO. 2006-51 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING THE FINAL BUDGET FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2006 AND ENDING ON SEPTEMBER 30, 2007; 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 of Seminole County, Florida, on September 25, 2006, held a public hearing as required by Florida Statute 200.065; WHEREAS, the City Commission of th City of Winter Springs desires to adopt the final budget; and WHEREAS, the City Commission of th fit of Winter Springs deems that this Resolution is in the best interest of the public a , sa ety, and welfare of the citizens of Winter Springs. ~0 NOW, THE~RE, BE I OLVED BY THE CITY COMMISSION OF THE CITY O~f WINcJ'ER S~ S, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: I' ,~ Section 1. Incorkorat,i~talS. The foregoing recitals are deemed true and correct and are hereby1h y incorporated by this reference. Section 2. Having preVl usly adopted a final millage rate for the City of Winter Springs for fiscal year 2006-2 07 the City Commission adopts its final budget as may be amended for the fiscal year commencing October 1, 2006 and ending September 30, 2007 as presented at its regular meeting assembled on the date of this Resolution, with all amendments, if any, adopted at that meeting. Section 3. The proposed expenditures in the final budget are $61,806,006 which is comprised of the following fund expenditures: General Fund - $21,163,500; Other Governmental Funds - $27,254,852; and Enterprise Funds - $13,387,654. The budget is based upon gross taxable value (real, personal, and centrally assessed property) of $2,007,175,558. Section 4. Within three (3) days of the date of this Resolution, the Finance Director shall forward the Resolution adopting the final millage rates to the Seminole County Property Appraiser and the Seminole County Tax Collector. City of Winter Springs, Florida Resolution 2006-51 Page 1 of 2 Section 5. Within thirty (30) days of the date of this Resolution, the Finance Director will certify compliance with Chapter 200, Florida Statutes by causing the Certification of Compliance, along with all necessary documentation, to be sent the Property Tax Administration Program 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 regular meeting assembled on this 25th day of September, 2006 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 2006-51 Page 2 of 2 Revisions since Preliminary Fiscal Year 2006-2007 Budget Expenditures-PRELIMINARY Revisions since PRELIMINARY: WIC Adjustments (new rates) Health Ins (20% prem incr to actual) P&R (emp reclass-Richart) IS - Baseline & eval date changes, pension 8 months Tweaking of Health Ins Premium Rounding Finance - Trim Advertising IS - Web sense increase City Manager (computer for exec ass!.) WMFE Donation Fire Oper - Employee Health Coverage change Parks - July 4th speakers Fire - Utility expenses Leadership Seminole T orcaso Park Master Plan P&R (emp reclass-Kimball) CRA (17-92) -Incr valuation, then decr millage Bear Creek Boardwalk and Signage Property ins (#001,184) Fire Engine Additional. Approved PersonnelCosls -Ganeral Fund Reduction of R&M, Util Svc (#191/184) Reduction in Prin & Interest #213 Property ins (#191) Additional ApproVed PerspnneLCosts #172 T Ifer to Gen - Telecommunication 154 Lori Ann Lane Trans Improv - Interlocal traffic signal Med Transport - capital CIP #309 Increase VA memorial due to Rotary Club donation #172 Tlfer to Gen - Electricity Tax #174 Tlfer to Gen - Franchise Increase #305 Revision of project timing (net 06 to 07) #115 - $150K increase in streetscape less $1530 (2006) #115 - $150K in 434 hardscape (06 approved) Rev Gen (timing 07 to 06) Correct Operator Allocation (#430) Emp Dev (2411) AddltiPnel.' APprovl!d personnal. Cosls - Oev Svc AddlliOnetAPPrQv'!dPersonnalCosls . $tonnWaler Increase deposit interest expense in #3600 Addllional .. APProY'!dF'!lrstinneICQst5-W&$ W&S Operating - liming 06 to 07 General Fund Other Governmental Funds Enterprise Funds Total $60,093,464 ($38,884 ) ($8,822) ($2,387) $13 $500 $612 $2,250 $2,500 $4,719 $5,000 $6,500 $9,200 $15,960 $49,322 $77,000 ($29,000) ($5,774) ($650) $437 $8,500 $15,000 $20,000 $26,000 $38,185 $50,000 $80,000 $125,000 $117,360 $148,470 $150,000 ($120,000) $247 $1,500 ($14,180) $1;628 $12,000 $90,134 $155,000 Expenditures-Tentative $20,459,354 $26,359,466 $13,274,644 ($75,401 ) ($29,799) ($8,822) ($2,387) ($98) $2 $500 $612 $2,250 $2,500 $4,719 $5,000 $6,500 $6,900 $10,000 $15,960 $49,322 $50,000 $75,000 $340,000 $251,388 $0 ($124) ($7,387) ($8,961) Revenues-PRELIMINARY Revisions since PRELIMINARY: Rev Share Half Cent Final contract for SRO less than estimated Increase in transfers In due to reduced health prem Property Ins (#191) Transfer decreases due to W/C Adjust Rounding Tweaking of Health Ins Premium (affects Vfers In) Correct Operator Allocation (#430) Property ins (#184) Inereaseto tra"sters!ror'nApproved F'ersonnel Costs #172 - Telecom Tax Trade-in value and transfer for Fire Truck Increased Valuation - Ad Valorem #172 - Elect Taxes #174 . Franchise Increased Millage - Ad Valorem #140 - Timing of Impact Fees (07 to 06) Interest Rev #184/185/1911309 Assess #213 decreased due 10 2006 prepayments Assess (#182/184/185/191/192) ($18) $129 $54,218,216 ($93,500) ($80,000) ($1,546) ($1,041) ($650) ($662) ($1) $30 $247 $2,000 $8,215 $17,000 $68,206 $160,000 $250,000 $240,283 ($110,000) ($7,000) ($10,837) ($900) $2,300 $2,000 $150,000 ~~.~ Revenues-Tentative i " . ,,'. . ."". ..' .'A,';''i'' "",,:j ($29,000) ($5,774) ($650) $437 $8,500 $15,000 $20,000 $26,000 $38,185 $50,000 $80,000 $125,000 $117,360 $148,470 $150,000 ($120,000) $247 $1,500 ($14,180) $1,628 $12,000 $90,734 $155,000 $20,461,526 $22,231,819 $11,524,871 Appropriation to (from) Fund Balance Budgeted Ending Fund Balance ($93,500) ($80,000) ($1,546) ($951) ($650) ($100) ($1) $25 $247 $2,000 $7,264 $8,500 $190,000 $66,451 $80,000 $125,000 $240,283 ($90) ($562) $5 $931 $8,500 $1.755 $80,000 $125,000 ($110,000) ($7,000) ($10,837) ($900) Attachment B 092506_ COMM_PubllcHearing_201 Jinal_ Budget RESOLUTION NO. 2006-51 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING THE FINAL BUDGET FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2006 AND ENDING ON SEPTEMBER 30, 2007; 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 of Seminole County, Florida, on September 25, 2006, held a public hearing as required by Florida Statute 200.065; WHEREAS, the City Commission of the City of Winter Springs desires to adopt the final budget; and WHEREAS, the City Commission of the City 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. Having previously adopted a final millage rate for the City of Winter Springs for fiscal year 2006-2007 the City Commission adopts its final budget as may be amended for the fiscal year commencing October 1, 2006 and ending September 30, 2007 as presented at its regular meeting assembled on the date of this Resolution, with all amendments, if any, adopted at that meeting. Section 3. The proposed expenditures in the final budget are $61,756,006 which is comprised of the following fund expenditures: General Fund - $21,188,500; Other Governmental Funds - $27,179,852; and Enterprise Funds - $13,387,654. The budget is based upon gross taxable value (real, personal, and centrally assessed property) of $2,007,175,558. Section 4. Within three (3) days of the date of this Resolution, the Finance Director shall forward the Resolution adopting the final millage rates to the Seminole County Property Appraiser and the Seminole County Tax Collector. City of Winter Springs. Florida Resolution 2006-51 Page 1 of 2 Section 5. Within thirty (30) days of the date of this Resolution, the Finance Director will certify compliance with Chapter 200, Florida Statutes by causing the Certification of Compliance, along with all necessary documentation, to be sent the Property Tax Administration Program 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 ofthe 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 regular meeting assembled on this 25th day of September, 2006 John F. Bush, Mayor ATTEST: Andrea Lorenzo-Luaces, City Clerk Approved as to legal form and sufficiency for Springs only: Anthony A. Garganese, City Attorney City of Winter Springs, Florida Resolution 2006-51 Page 2 of 2