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Home My WebLink About2019 09 09 Public Hearing 402 - FY 2019-2020 Tentative Budget PUBLIC HEARINGS AGENDA ITEM 402 1959 CITY COMMISSION AGENDA I SEPTEMBER 9, 2019 1 REGULAR MEETING TITLE FY 2019-2020 Tentative Budget SUMMARY The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution 2019-1S, establishing the Tentative Budget for fiscal year 2019-2020. • The operating millage rate for the current fiscalyear 2018-2019 is 2.4300 mills. The voted debt service millage for the current fiscal year 2018-2019 is 0.0300 mills. • The fiscal year 2019-2020 Proposed Budget reflected an operating millage rate of 2.4300 mills and eliminated the debt service millage rate in its entirety. • On July 8, 2019, the Commission established the 2019-2020 proposed operating millage rate (millage cap) at 2.4300 mills and discontinued the voted debt service millage rate of 0.0300 mills. • The proposed operating millage rate of 2.4300 as submitted on the DP-420 is 6.72% more than the rolled-back rate of 2.2770 mills. Resolution 2019-14 establishes the 2019-2020 tentative millage rate. • The Proposed and Tentative Budgets are on the City's website at the following URL address: https://www.wintersprinqsfl.org/finance/page/2020- annual-budgett-reports • Any subsequent revisions by the City Commission to the tentative budget and/or the tentative millage rate will be reflected in the Final Millage and Final Budget Hearings scheduled for September 23, 2019 at 6:30 p.m. The tentative city-wide budgets by fund type currently reflect the following appropriations to (from) fund balance and the changes from the Proposed Budget (July 1st transmission) are summarized in Attachment B: General Fund - $137,113 Governmental Funds (exclusive of General Fund) - ($3,331,368) Enterprise Funds - ($2,761,032) 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 and notice of this public hearing was advertised on the electronic sign. Upon approval and adoption of Resolution 2019-1S, a budget summary advertisement will be placed in the Orlando Sentinel on September 19, 2019 reflecting the Tentative Budget for fiscal year 2019-2020 and announce the final Public Hearing for September 23, 2019 at 6:30 p.m. RECOMMENDATION Staff recommends that the Commission approve the tentative budget for fiscal year 2019-2020 or amend it as it deems necessary. It is recommended that the Commission adopt Resolution 2019-1S establishing the tentative budget for fiscal year 2019-2020 as approved by the Commission; and authorize the City to advertise its intent to hold public hearings to adopt the final millage rate and final budget and to include a budget summary in a newspaper of general circulation in compliance with Florida Statute. Sample Motion: I move to approve Resolution 2019-1S establishing the Tentative Budget for the City of Winter Springs for fiscal year 2019-2020 and authorizing advertisement of the City's intent to hold public hearings to adopt the final millage rate and budget. RESOLUTION 2019-15 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, 2019 AND ENDING ON SEPTEMBER 30, 2020; 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 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 2019-2020, the City Commission adopts its tentative budget as may be amended for the fiscal year commencing October 1, 2019 and ending September 30, 2020 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 inter-fund transfers are as follows: General Fund - $19,101,792; Other Governmental Funds - $16,706,027; Enterprise Funds - $15,662,247. The budget is based upon gross taxable value as reported by the Seminole County Property Appraiser on line 4 of the DR420 of $2,517,669,920. Section 4. Within fifteen (15) days of the date of this Resolution, the Finance Department 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 2019-15 Pagel 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 9th day of September, 2019. 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 2019-15 Page 2 of 2 Revisions subsequent to the 2019-2020 Proposed Budget Expenditures/Transfers per Resolution 2019-15 Other Governmental General Fund Funds Enterprise Funds Total Expenditures/Transfers -Proposed $18,806,036 $16,668,752 $15,002,917 $50,477,705 Revisions since Proposed: Assessment district-adjust R&M grounds ($2,000) ($2,000) TLBD capital expenditure budget(pond,lightning protection) $40,000 $40,000 Urban Beautification-City-wide enhancements/renovations $225,000 $225,000 Vehicle-Urban Beautification, Development Services $50,000 $26,000 $76,000 Fire alarm Infrastructure-Police headquarters $25,000 $25,000 Payroll allocation revisions;2 part-time positions in Dev Svcs $17,756 $32,848 $50,604 Dev Svcs-process consulting, Laserfiche project,Project Dox $140,000 $140,000 Reduce Inter-fund transfer from W&S related to payroll allocations ($39,918) ($39,918) Reduce transfer from Arbor-payroll allocation refinement ($725) ($725) Temporary O&M-W&S $42,400 $42,400 Web Text Notifications(Dev Svcs) ($25,000) $26,000 $1,000 Lobby kiosk and counter enhancements(Dev Svcs) $45,000 $45,000 DocuSign and GIS-Intangibles(Dev Svcs) $40,000 $40,000 DocuSign and GIS-Licensing(Dev Svcs) $27,000 $27,000 W&S-bypass pumps(4)-$80K/each $320,000 $320,000 Utilities increase(Public Works) $3,000 $3,000 Expenditures/Transfers - Tentative $19,101,792 $16,706,027 $15,662,247 $51,470,066 Revenues/Transfers-Proposed $19,184,965 $11,056,959 $13,608,800 $43,850,724 Revisions since Proposed: Reduce Inter-fund transfer from W&S related to payroll allocations ($39,918) ($39,918) Adjust Infrastructure Surtax revenues per State estimates $97,500 $97,500 Reduce Inter-fund transfer from Arbor(s/b 420) ($18,140) $17,415 ($725) Adjust Municipal Revenue Sharing revenues per State estimates $37,000 $37,000 Adjust Half-Cent revenue projections per State estimates $75,000 $75,000 Refine Dev Service revenues-for timing,updated information ($725,000) ($725,000) Revenues/Transfers -Tentative $19,238,907 $11,154,459 $12,901,215 $43,294,581 Appropriation to(from) Fund Balance $137,115 ($5,551,568) ($2,761,032) ($8,175,485)