HomeMy WebLinkAbout2011 09 26 Public Hearing 501 Resolution 2011-42 Final Budget
COMMISSION AGENDA
CONSENT
INFORMATIONAL
PUBLIC HEARING XX
ITEM 501
REGULAR
MGR /DEPT.
September 26,2011
Authorization
Meeting
PUBLICLY ANNOUNCE THE REQUEST
REQUEST: The City Manager is proposing that the City Commission hold a Public
Hearing to consider the approval of Resolution No. 2011-42,establishing the Final Budget
for Fiscal Year 2011-2012.
SYNOPSIS:
The purpose of this agenda item is tohave the Commission considerthe approval
of Resolution No. 2011-42to establish the Final Budget for Fiscal Year 2011-2012.
CONSIDERATIONS:
The proposed final budget was prepared at the direction of the Commission using anOperating
Millage Rate of 2.4500mills and a Voted Debt Service Millage Rate of 0.1100mills.The total
expendituresin the proposed final budgetwhich includeinterfund transfers are $39,444,899and
are comprisedof the following:
General Fund $17,021,417
Other GovernmentalFunds $9,525,421
Enterprise Funds $12,898,061
As a result of interim audit proceduresoccurring in mid-September, a number offunds have
been identified for fund closure per Government Accounting Standards Board Statement No. 54.
The balances of these funds will be merged with either the General Fund or the Solid Waste
Fund.While this resulted in substantive revisions to revenues, expenditures, and transfers,the
net effect to the totalbudgeted appropriationis immaterialas reflected in the lower portion of the
second attachment.
th
All revisions occurring subsequent to the Tentative Budget (September 12Public Hearing 501)
are summarized in the second attachment. Those revisions which are related to GASB 54 are
highlighted in grey.
City Commission –Regular Meeting
September 26, 2011
Public Hearing Item #501
Page 2of 2
FISCAL IMPACT:
The proposed final city-wide budgets by fund type currently reflect the following appropriations
to (from) fund balance:
General Fund –($607,373); comprised of $723of positive operating coverage and ($608,096) in
capital/non-recurring coverage
Governmental Funds (exclusive of General Fund) –($2,269,272)
Enterprise Funds –$936,842
COMMUNICATION EFFORTS:
This Agenda Item Has Been Electronically Forwarded To The Mayor And City Commission,
City Attorney/Staff, AndIs Available On The City’s Website, LaserFiche, And The City’s
Server.Additionally, Portions Of This Agenda Item Are Typed Verbatim On The Respective
Meeting Agenda Which Has Also Been Electronically Forwarded To The Individuals Noted
Above, And Which Is Also Available On The City’s Website, LaserFiche, And The City’s
Server; Has Been Sent To Applicable City Staff, eAlert/eCitizen Recipients, Media/Press
Representatives Who Have Requested Agendas/Agenda Item Information, Homeowner’s
Associations/Representatives On File With The City, And All Individuals Who Have Requested
Such Information.
This Information Has Also Been Posted Outside City Hall, Posted Inside City Hall With
Additional Copies Available For The General Public, And Posted At Five (5) Different
Locations Around The City.Furthermore, This Information Is Also Available To Any
Individual Requestors.City Staff Is Always Willing To Discuss This Agenda Item Or Any
Agenda Item With Any Interested Individuals.
Upon approval andadoption of Resolution No. 2011-42,the Final Budget for Fiscal Year 2011–
2012willbe implemented and become effective on October 1, 2011.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 2011-2012
Recommend that the Commission adopt Resolution No. 2011-42establishing the Final
Budget for Fiscal Year 2011-2012
ATTACHMENTS:
Resolution No.2011-42
Revisions Subsequent to the 2011-2012Tentative Budget –
General Fund
Other Governmental Funds
Enterprise Funds
RESOLUTION NO. 2011-42
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, 2011 AND ENDING ON
SEPTEMBER 30, 2012; 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 26, 2011, 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 2011-2012 the City Commission adopts its final budget as may be
amended for the fiscal year commencing October 1, 2011 and ending September 30, 2012
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 $39,444,899 which includes
interfund transfers and is comprised of the following: General Fund - $17,021,417; Other
Governmental Funds - $9,525,421; and Enterprise Funds – $12,898,061. The budget is
based upon gross taxable value (real, personal, and centrally assessed property) of
$1,595,763,002.
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 2011-42
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
th
meeting assembled on this 26 day of September 2011.
.
_____________________________
Charles Lacey
, 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 2011-42
Page 2 of 2
Revisions subsequent to the 2011-2012 Tentative Budget
Expenditures/Transfers per Resolution 2011-42
Other
Governmental
Funds
General FundEnterprise FundsTotal
Expenditures/Transfers - Tentative
$15,934,175$16,140,821$12,899,383$44,974,379
Revisions since Tentative:
Pension adjustments for employees at top of range (Bonus
vs. Pensionable Wage)
($2,580)
($1,258)($1,322)
Remove transfer to General Fund due to fund closure (172
and 174)
($4,954,500)
($4,954,500)
Debt service transfer moved from funds 172, 174 to
General Fund along with related revenue streams (see
$0
$1,088,500($1,088,500)
below)
Remove transfer to Comm Events due to fund closure
($35,000)
($35,000)
Community Events budgeted expenditures now in 7260
$0
$35,000($35,000)
Remove budgeted expenditures in Vet Mem Fund due to
fund closure
($2,400)
($2,400)
Remove transfer to Storm Reserve from Solid Waste due
to fund closure of Storm Reserve Fund
($135,000)
($135,000)
Remove transfers from Emerg/Disaster Recovery Fund for
hurricane reimb; due to GASB 54 fund closure
($400,000)
($400,000)
Move contract services in Storm Reserve to Solid Waste
($10,000)
($10,000)
Increase contract services in Solid Waste previously
budgeted in Storm Reserve
$10,000
$10,000
Expenditures/Transfers - Final
$17,021,417$9,525,421$12,898,061$39,444,899
Revenues/Transfers-Tentative -
$15707031,,$13469569,,$13855416,,$43032016,,
Revenues/TransfersTentative$15707031$13469569$13855416$43032016
Revisions since Tentative:
Remove transfer to General Fund due to fund closure of
172 and 174
($4,954,500)
($4,954,500)
Remove transfer to General Fund / W&S due to fund
closure of Emerg/Disaster Relief Fund
($400,000)
($379,487)($20,513)
Revenue streams in funds 172 and 174 moved to General
Fund along with related debt service transfer (see above)
$0
$6,043,000($6,043,000)
Remove transfer to Comm Events fund due to GASB 54
($35,000)
($35,000)
Remove investment revenue due to fund closure of Emerg
Disaster #109, HOA #112, Vet Mem #116
($420)
($420)
Remove transfer in from Vet Memorial; due to GASB 54
this fund assimilated into General Fund
($2,000)
($2,000)
Remove Storm Reserve revenues due to fund closure into
the Solid Waste Fund
($142,700)
($142,700)
Increase investment revenue in Solid Waste due to
absorption of Storm Reserve Fund
$7,700
$7,700
Revenues/Transfers - Final
$16,414,044$7,256,149$13,834,903$37,505,096
Budgeted Appropriation - Tentative (9/12
)($1,942,363)
($227,144)($2,671,252)$956,033
Budgeted Appropriation - Proposed Final (9/26
)($1,939,803)
($607,373)($2,269,272)$936,842
RESOLUTION NO. 2011-42
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, 2011 AND ENDING ON
SEPTEMBER 30, 2012; 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 26, 2011, 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 2011 -2012 the City Commission adopts its final budget as may be
amended for the fiscal year commencing October 1, 2011 and ending September 30, 2012
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 $39,444,899 which includes
interfund transfers and is comprised of the following: General Fund - $17,021,417; Other
Governmental Funds - $9,525,421; and Enterprise Funds — $12,898,061. The budget is
based upon gross taxable value (real, personal, and centrally assessed property) of
$1,595,763,002.
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 2011 -42
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 26 day of September 2011.
a' es acey, Mayor
ATTES :
Andrer 7 renzo- Luaces, City Clerk
Approved as to legal form and sufficiency for
The City Winter Springs only:
/p
Anthony A. Garganese, City Attorney
City of Winter Springs, Florida
Resolution 2011 -42
Page 2 of 2