HomeMy WebLinkAbout2003 09 08 Public Hearings A Resolution 2003-33 Tentative Operating Millage Rate for FY 2003-2004
FIRST ITEM OF THE EVENING
COMMISSION AGENDA
ITEM A
CONSENT
INFORMATIONAL
PUBLIC HEARING XX
REGULAR
MGR jJ !IlEPT.~
Authorization
September 8, 2003
Meeting
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. 2003-33, which establishes the Tentative
Operating Millage Rate for Fiscal Year 2003-2004 for the City of Winter Springs at 4.4196
mills which is 12.28% above the rolled-back rate of 3.9362 and the Tentative Voted Debt
Service Millage Rate for Fiscal Year 2003-2004 for the City of Winter Springs at .2500.
PURPOSE: The purpose of this agenda item is to have the Commission approve the first
reading of Resolution No. 2003-33, otherwise known as the Tentative Millage Rates for Fiscal
Year 2003-2004.
CONSIDERA TIONS:
Resolution No. 2003-33 - Tentative Millage
· Millage Increase. The Current Operating Millage for FY 2002-2003 is 4.1658. The Tentative
Operating Millage Rate for FY 2003-2004 is proposed at 4.4196, an increase of .2538 mills.
· The Tentative Voted Debt Service Millage Rate for FY 2003-2004 is set at .2500.
· The Rolled-Back rate is 3.9362. The Tentative Operating Millage Rate is 12.28% above the
Rolled-Back rate.
· The increase in the Tentative Operating Millage rate to 4.4196 over the current operating
millage rate will result in an increase in Ad Valorem Revenues to the City in the approximate
amount of $293,000.
· Any changes or deletions to the Tentative Budget (and the Tentative Millage Rates) requested
by the City Commission at this meeting will be reflected in the second reading (Final Millage
and Budget Hearing) scheduled for September 22, 2003.
· The Commission can further amend the millage rates and the budget at the second reading.
· If the City Commission elected to fund the net capital expenditures in the amount of
$591,299 out of fund balance (per the General Fund Recap Sheet at page B-1), then the City
could decrease the operating mill rate to 4.1056. This would result in a 4.30% increase above
the rolled-back rate of 3 .9362.
RECOMMENDATION:
Tentative Millage Rates
· The Commission adopt Resolution No. 2003-33 establishing the Tentative Operating Millage
Rate at 4.4196 for Fiscal Year 2003-2004 and the Tentative Voted Debt Service Millage rate
at .2500 for Fiscal Year 2003-2004.
IMPLEMENTATION SCHEDULE:
Upon approval and adoption of Resolution No. 2003-33 at the second reading the Millage Rates
for Fiscal Year 2003 - 2004 would be implemented and become effective on October 1,2003.
ATT ACHMENTS:
· Resolution No. 2003-33
COMMISSION ACTION:
RESOLUTION NO. 2003-33
A RESOLUTION OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING
THE TENTATIVE OPERATING MILLAGE RATE FOR THE CITY OF WINTER
SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2003
AND ENDING ON SEPTEMBER 30, 2004; ANNOUNCING THE PERCENTAGE
BY WHICH THE TENTATIVE OPERATING MILLAGE RATE EXCEEDS 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 has held a public hearing on
the tentative millage rate pursuant to Florida Statute 200.065, Subparagraph (c);
and
WHEREAS, the City Commission of Winter Springs desires to adopt the tentative
operating millage rate and publicly announce their percentage change by which
the tentative proposed operating millage rate exceeds the rolled-back rate, and
adopt the tentative voted debt service rate.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, AS FOLLOWS:
Section 1. The City Commission adopts its tentative operating millage rate of
4.4196 mills and its tentative voted debt service millage rate of .2500 mills for the
fiscal year commencing October 1, 2003 and ending September 30, 2004.
Section 2. The tentative millage rate of 4.4196 mills is more than the
computed rolled-back rate of 3.9362 by 12.28%.
Section 3. Within fifteen (15) days of the date of this Resolution, the City Clerk
shall advertise in a newspaper of general circulation its intent to finally adopt the
millage rates and budget and shall hold a public hearing to finalize the budget
and adopt the millage rates not less than two (2) days or more than five (5) days
after the date of the advertisement is first 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. Effective Date. This Resolution shall become effective
immediately upon adoption by the City Commission of the City of Winter Springs,
Florida.
ADOPTED by the City Commission of the City of Winter Springs, Florida, in a
regularly scheduled Public Hearing assembled on this 8th day of September
2003.
John F. Bush, Mayor
ATTEST:
Andrea Lorenzo-Luaces, City Clerk