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HomeMy WebLinkAbout2022 09 12 Public Hearing 401 - Tentative Budget for Fiscal Year 2022-2023 • PUBLIC HEARINGS AGENDA ITEM 401 ,n roraed CITY COMMISSION AGENDA I SEPTEMBER 12, 2022 REGULAR MEETING 1959 TITLE Tentative Budget for Fiscal Year 2022-2023 and Related Advertising SUMMARY The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution 2022-18, establishing the Tentative Budget for Fiscal Year 2022-2023. The city-wide tentative budget by fund type currently reflects the following appropriations to/(from) fund balance and the changes from the Proposed Budget (July 1 transmission) which are summarized in an attachment entitled "Revisions subsequent to the 2022-2023 Proposed Budget as follows: General Fund: $0 Other Governmental Funds: ($9,300,000) Enterprise Funds: $0 The Proposed and Tentative Budgets are on the City's website at www.winterspringsfl.org/budget. 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 22, 2022 at 6:30 p.m. RECOMMENDATION Staff recommends the Commission approve the Tentative Budget for the Fiscal Year 2022-2023 or amend it as it deems necessary. It is recommended the Commission adopt Resolution 2022-18, establishing the Tentative Budget for the Fiscal Year 2022-2023 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. The advertisement will include a budget summary in a newspaper of general circulation in compliance with Florida Statute. 34 A 'sample' motion which includes the necessary elements for statutory compliance is as follows: 1 move to approve Resolution 2022-18, establishing the Tentative Budget for the City of Winter Springs for the fiscal year commencing on October 1, 2022 and ending on September 30, 2023 and authorizing advertisement of the City's intent to hold public hearings to adopt the final millage rate and budget. 35 RESOLUTION 2022-18 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, 2022 AND ENDING ON SEPTEMBER 30, 2023; 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. Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated by this reference. Section 2. Tentative Budget. Having previously adopted atentative millage rate for the City of Winter Springs for fiscal year 2022-2023,the City Commission adopts its tentative budget asmay be amended for the fiscal year commencing October 1, 2022 and ending September 30, 2023 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. Proposed Expenditures. The proposed expenditures in the tentative budget including inter-fund transfers are as follows: General Fund - $20,053,688; Other Governmental Funds - $15,224,745; Enterprise Funds - $23,439,633. The budget is based upon gross taxable value as reported by the Seminole County Property Appraiser on line 4 of the DR420 as $3,178,736,085. Section 4. Advertisement. 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 2022-18 Page 1 of 36 Section 5. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts ofresolutions in conflict herewith are hereby repealed to the extent ofthe 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 2022. Kevin McCann, Mayor ATTEST: Christian Gowan, 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 2022-18 Page 2of2 37 Revisions subsequent to the 2022-2023 Proposed Budget Expenditures/Transfers per Resolution 2022-18 General Fund Other Governmental Enterprise Funds Total Funds Revenues/Transfers-Proposed $20,107,054 $18,083,368 $15,721,214 $53,911,636 Revisions since Proposed: Second ARPA distribution received 8/16/22(Fund#180) ($9,300,000) ($9,300,000) Revenues/Transfers -Tentative $20,107,054 $8,783,368 $15,721,214 $44,611,636 Expenditures/Transfers-Proposed $20,053,688 $15,224,745 $23,439,633 $58,718,066 Revisions since Proposed: Expenditures/Transfers -Tentative $20,053,688 $15,224,745 $23,439,633 $58,718,066 Appropriation to(from) Fund Balance $53,366 ($6,441,377) ($7,718,419) ($14,106,430) 38