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Home My WebLink About2010 09 27 Public Hearing 501 Resolution 2010-51 Establishing the Final Budget for Fiscal Year 2010-2011 SECOND ITEM OF THE EVENING COMMISSION AGENDA CONSENT INFORMATIONAL PUBLIC HEARING XX ITEM 501 REGULAR September 27, 2010 MGR /DEPT. L() Meeting 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. 2010 -51, establishing the Final Budget for Fiscal Year 2010 -2011. SYNOPSIS: The purpose of this agenda item is to have the Commission approve Resolution No. 2010 -51 which will establish the Final Budget for Fiscal Year 2010 -2011. CONSIDERATIONS: The proposed final budget was prepared at the direction of the Commission using an Operating Millage Rate of 2.4714 mills and a Voted Debt Service Millage Rate of 0.1100 mills. The total expenditures in the proposed final budget which include interfund transfers are $50,183,651 and are comprised of the following: General Fund $16,676,834 Other Governmental Funds $16,927,867 Enterprise Funds $16,578,950 FISCAL IMPACT: The - proposed final city -wide budgets by fund type currently reflect the following appropriations to (from) fund balance: General Fund — ($538,698); comprised of $1,955 of positive operating coverage and ($540,653) in capital /non - recurring coverage Governmental Funds (exclusive of General Fund) — ($2,599,303) Enterprise Funds — ($1,216,737) 09271 0_COMM Public _Hearing_501_Final_Budget.docx COMMUNICATION EFFORTS: Upon approval and adoption of Resolution No. 2010 -51, the Final Budget for Fiscal Year 2010- 2011 will be implemented and become effective on October 1, 2010. Within one week of adoption the Final Budget will be placed on the City's website. RECOMMENDATION: • Recommend that the Commission approve the final budget for fiscal year 2010 -2011 • Recommend that the Commission adopt Resolution No. 2010 -51 establishing the Final Budget for Fiscal Year 2010 -2011 ATTACHMENTS: Resolution No. 2010 -51 Revisions Subsequent to the 2010 -2011 Tentative Budget — General Fund Other Governmental Funds Enterprise Funds 092710_COMM_Public_Hearing_501 _Final_Budget.docx RESOLUTION NO. 2010-51 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, 2010 AND ENDING ON SEPTEMBER 30, 2011; 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 27, 2010, 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 FOLLO -WS: 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 2010 -2011 the City Commission adopts its final budget as may be amended for the fiscal year commencing October 1, 2010 and ending September 30, 2011 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 expenditures in the final budget are $50,183,651 which includes interfund transfers and is comprised of the following: General Fund - $16,676,834; Other Governmental Funds - $16,927,867; and Enterprise Funds — $16,578,950. The budget is based upon gross taxable value (real, personal, and centrally assessed property) of $1,694,161,348. 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 2010 -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 to 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 27 day of September 2010. 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 2010 -51 Page 2 of 2 Revisions subsequent to the 2010 -2011 Tentative Budget Expenditures/Transfers per Resolution 2010 -51 Other Governmental General Fund Funds Enterprise Funds Total Expenditures /Transfers Tentative $16,676,834 $16,927,867 $12,285,592 $45,890,293 Revisions since Tentative: Interest on short-term financing- Reclaim Plant $26,691 $26,691 Reclaim Plant - Oak Forest Pumping & Storage $4,266,667 $4,266,667 Expenditures /Transfers - Final $16,676,834 $16,927,867 $16,578,950 $50,183,651 a n . \ 4 fXH Revenues/Transfers - Tentative $16,138,136 $14,328,564 $11,259,129 $41,725,829 Revisions since Tentative: Short-term commercial financing - reclaim plant $2,974,084 $2,974,084 St John's River Water Management District grant (SJRWMD) - reclaim plant $1,129,000 $1,129,000 Revenues /Transfers - Final $18,138,136 $14,328,564 $15,362,213• ye $4ra . ,82$,9' 092710_ COMM_ Public_Hearing_501_Final_Budget RESOLUTION NO. 2010-51 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, 2010 AND ENDING ON SEPTEMBER 30, 2011; 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 27, 2010, 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 2010 -2011 the City Commission adopts its final budget as may be amended for the fiscal year commencing October 1, 2010 and ending September 30, 2011 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 expenditures in the final budget are $50,183,651 which includes interfund transfers and is comprised of the following: General Fund - $16,676,834; Other Governmental Funds - $16,927,867; and Enterprise Funds — $16,578,950. The budget is based upon gross taxable value (real, personal, and centrally assessed property) of $1,694,161,348. 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 2010 -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 to 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 27 day of September 2010. 4 , j1 n F. Bush, Mayor ATTES : A d ; 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 2010 -51 Page 2 of 2