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HomeMy WebLinkAboutResolution 2023-27 Tentative Budget for FY 23-24RESOLUTION 2023-27 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, 2023 AND ENDING ON SEPTEMBER 30, 2024; 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), WHERE AS, the City Commission desires to adopt the tentative budget; and WHERE AS, 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 a tentative millage rate for the City of Winter Springs for fiscal year 2023-2024, the City Commission adopts its tentative budget as may be amended for the fiscal year commencing October 1, 2023 and ending September 30, 2024 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 - $24,137,122; Other Governmental Funds - $26,799,680; Enterprise Funds - $21,794,691. The budget is based upon gross taxable value as reported by the Seminole County Property Appraiser on line 4 of the DR420 as $3,473,637,874, 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 2023-27 Page1of2 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. ection 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 11 th day of September 2023. ATTEST: Gowan, City Clerk Kevin McCann, Mayor pRatJs3 4 1�b •1,` �1 UI1.0,I 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 2023-27 Page2of2 tr' Revisions subsequent to the 2023-2024 Proposed Budget Expenditures/Transfers per Resolution 2023-27 Other General Fund Governmental Entertsnse Funds Total Funds Revenues/Transfers - Proposed $23,192,639 $16,390,835 $1S,086,923 $S4,670,397 Revisions since Proposed: Revenues/Transfers -Adopted $23,192,639 $160390,835 $15,086,923 $54,670,397 Expenditures/Transfers -Proposed $24,137,122 $26,799,680 $21,794,691 $72,731,493 Revisions since Proposed: Expenditures/Transfers -Adopted $24,137,122 $26,799,680 $21,794,691 $721731,493 Appropriation to (from) Fund Balance ($9441483) ($10,408,845) ($6,70T768) ($18,061,096)