HomeMy WebLinkAbout2016 09 12 Public Hearing 401 Resolution 2016-16 Tentative BudgetCOMMISSION AGENDA
ITEM 401
Informational
Consent
Public Hearings
X
Regular
September 12, 2016 KS SB
Regular Meeting City Manager Department
REQUEST:
The City Manager is requesting that the City Commission hold a Public Hearing relative to
the approval of Resolution No. 2016 -16, establishing the Tentative Budget for Fiscal Year
2017.
SYNOPSIS:
The purpose of this agenda item is to seek Commission approval of Resolution No. 2016-
16, otherwise known as the Tentative Budget for Fiscal Year 2017.
CONSIDERATIONS:
• The operating millage rate for the current fiscal year (FY 2016) is 2.4300 mills. The
voted debt service millage for the current fiscal year (FY 2016) is 0.1100 mills.
• The Fiscal Year 2017 Proposed Budget reflected an operating millage rate of 2.4300
mills and a voted debt service millage rate of 0.1100 mills.
• On July 25, 2016, the Commission established the Fiscal Year 2017 proposed
operating millage rate (millage cap) at 2.4300 mills and the proposed voted debt
service millage rate at 0.1100 mills.
• The proposed operating millage rate of 2.4300 as submitted on the DR -420 is 4.20%
more than the rolled -back rate of 2.3320 mills. Resolution No. 2016 -15 establishes
the Fiscal Year 2017 tentative millage rates and recommends that the tentative
operating millage rate not vary from the proposed operating millage rate of 2.4300
mills and that the voted debt millage rate be decreased 36% to 0.0700 mills.
Public Hearings 401 PAGE 1 OF 3 - September 12, 2016
The Fiscal Year 2017 Tentative Budget is on the City's website at the following URL
address:
http: / /www.wintersprin sfl.or/ assets /FormsDocsand Pub/FlnanceBudioi,et/2017 Tentat
ive Budget pdf
Any subsequent revisions by the City Commission to the tentative budget and /or the
tentative millage rates will be reflected in the Final Millage and Final Budget
Hearings scheduled for September 26, 2016 at 5:15 p.m.
FISCAL IMPACT:
The tentative city -wide budgets by fund type currently reflect the following appropriations
to (from) fund balance:
General Fund — $1,668
Governmental Funds (exclusive of General Fund) — ($3,733,157)
Enterprise Funds — $3,042,563
COMMUNICATION EFFORTS:
This Agenda Item has been electronically forwarded to the Mayor and City Commission,
City Manager, City Attorney /Staff, and is 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, 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 six (6) 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.
In August, each property owner was notified of this public hearing via the TRIM (Truth in
Millage) notice as distributed by the Seminole County Property Appraiser. Additionally,
the Tentative Budget has been published on the City's website. Upon approval and
adoption of Resolution No. 2016 -16, a budget summary advertisement will be placed in the
Orlando Sentinel on September 22, 2016 reflecting the Tentative Budget for Fiscal Year
2017 and announce the final Public Hearing for September 26, 2016 at 5:15 p.m.
RECOMMENDATION:
It is recommended that the Commission:
Approve the tentative budget for Fiscal Year 2017 or amend it as it deems necessary.
Adopt Resolution No. 2016 -16 establishing the tentative budget for Fiscal Year 2017
as approved by the Commission; and authorize the City to advertise its intent to hold
public hearings to adopt final millage rates and final budget and to include a budget
summary in a newspaper of general circulation in compliance with Florida Statute
200.065.
Public Hearings 401 PAGE 2 OF 3 - September 12, 2016
Sample Motion:
I move to approve Resolution 2016 -16 establishing the Tentative Budget for the City of
Winter Springs for Fiscal Year 2017 and authorizing advertisement of the City's intent to
hold public hearings to adopt the final millage rates and budget.
ATTACHMENTS:
1 - Resolution No. 2016 -16
2 - Revisions subsequent to 2016 -2017 Proposed Budget:
General Fund
Other Governmental Funds
Enterprise Funds
Public Hearings 401 PAGE 3 OF 3 - September 12, 2016
Attachment 1
RESOLUTION NO. 2016 -16
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, 2016 AND ENDING ON SEPTEMBER 30, 2017;
PROVIDING FOR THE REPEAL OF PRIOR INCONSISTENT
RESOLUTIONS; PROVIDING FOR SEVERABILITY; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Winter Springs has adopted a
tentative operating millage rate and a tentative voted debt service rate at a public hearing
pursuant to Florida Statute 200.065, Subparagraph (c);
WHEREAS, the City Commission desires to adopt the tentative 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 tentative millage rate for the City of Winter
Springs for fiscal year 2016 -2017, the City Commission adopts its tentative budget as
may be amended for the fiscal year commencing October 1, 2016 and ending September
30, 2017 as presented at its regularly scheduled Public Hearing assembled on the date of
this Resolution, with all amendments, if any, adopted at that meeting.
Section 3. The proposed expenditures in the tentative budget including interfund
transfers are as follows: General Fund - $17,341,055; Other Governmental Funds -
$12,944,036; Enterprise Funds - $14,916,512. The budget is based upon gross taxable
value as reported by the Seminole County Property Appraiser on line 4 of the DR420 of
$1,966,345,152
Section 4. 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 adopt the millage rates and finalize the
budget not less than two (2) days or more than five (5) days after the date the
advertisement is published.
City of Winter Springs, Florida
Resolution 2016 -16
Page 1 of 2
Section 5. 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 6. 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 7. Effective Date. This Resolution shall become effective immediately upon
its 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 12th day of September 2016.
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 2016 -16
Page 2 of 2
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Attachment 2 ,,...
Revisions subsequent to the 2016 -2017 Proposed Budget
Expenditures/Transfers per Resolution 2016 -16
Revenues /Transfers - Tentative
Appropriation to (from) Fund Balance
Other
Governmental
General Fund
Funds
Enterprise Funds
Total
Expenditures /Transfers - Proposed
$17,350,455
$9,726,166
$14,881,012
$41,957,633
Revisions since Proposed:
Integra project - force main upsizing #410
$35,000
$35,000
CRA- FL Ave capital project #121 -4120
$391,786
$391,786
City Hall Turn Lane/ Resurfacing #121 -4120
$220,000
$220,000
Furniture - PW /Utility Building #304
$25,000
$25,000
Arbitrage Calcs - 2011 Imp Ref Rev, 2011 Sp Assess Rev Ref;
2012 Limited General Obligation Note #202, #261, #240
$3,500
$3,500
Commission iPad capital moved to FY16
($6,400)
($6,400)
Security camera maintenance
$2,000
$2,000
Copy machine lease #410
$500
$500
Refinance of CWDS BB &T Note (includes adjustments for P &I on
both instruments plus other debt service costs) #240
$2,327,584
$2,327,584
Picnic Pavilions - Trotwood & Torcaso #153
$250,000
$250,000
Reduce adult softball expenditures; revenues also reduced
($5,000)
($5,000)
Expenditures /Transfers - Tentative';
$17,341,455
$12,944,036
$14,916,512
$45,201,603
Revenues /Transfers - Proposed
$17,354,676
$7,378,777
$17,959,075
$42,692,528
Revisions since Proposed:
CRA - FL Ave Reimbursement #121
$451,786
$451,786
Ad Valorem reductions per DR420 valuation #001, #240
($2,862)
($130)
($2,992)
Reduce voted debt millage from 0.1100 to 0.0700 mills; minimal
interest reductions due to pay -off #240
($77,508)
($77,508)
Note proceeds - CWDS #240
$1,458,000
$1,458,000
TLBD DS I & 11 - one FY16 prepayment #261, #262
($46)
($46)
Finalized School Resource Officer contract
$909
$909
Reduce adult softball revenues; expenditures also reduced
($10,000)
($10,000)
Five General Fund revenues adjusted up /down; no net effect
$0
$0
Revenues /Transfers - Tentative
Appropriation to (from) Fund Balance