HomeMy WebLinkAbout2024 09 09 Public Hearing 401 - Tentative Budget for FY 2024-2025PUBLIC HEARINGS AGENDA ITEM 401
CITY COMMISSION AGENDA | SEPTEMBER 9, 2024 REGULAR MEETING
TITLE
Tentative Budget for Fiscal Year 2024-2025 and Related Advertising
SUMMARY
The City Manager is requesting that the City Commission hold a Public Hearing relative
to the approval of Resolution 2024-17, establishing the Tentative Budget for Fiscal Year
2024-2025. The City-wide tentative budget by fund type currently reflects the following
appropriations to/(from) fund balance as follows: General Fund: ($2,034,400) Other
Governmental Funds: ($9,369,232) Enterprise Funds: ($7,094,047) The Tentative Budget
changes from the Proposed Budget are included in the attachment. Both budgets are
on the City's website at www.winterspringsfl.org/finance/page/2025-annual-budget-
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, 2024 at 6:30 p.m.
FUNDING SOURCE
RECOMMENDATION
Staff recommends the Commission approve the Tentative Budget for the Fiscal Year
2024-2025 or amend it as it deems necessary. It is recommended the Commission
adopt Resolution 2024-17, establishing the Tentative Budget for the Fiscal Year 2024-
2025 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.
A 'sample' motion which includes the necessary elements for statutory compliance is
as follows:
I move to approve Resolution 2024-17, establishing the Tentative Budget for the City of
Winter Springs for the fiscal year commencing on October 1, 2024 and ending on
September 30, 2025 and authorizing advertisement of the City's intent to hold public
hearings to adopt the final millage rate and budget.
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RESOLUTION 2024-17
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, 2024 AND
ENDING ON SEPTEMBER 30, 2025; 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 2024-2025, the City Commission
adopts its tentative budget as may be amended for the fiscal year commencing October
l, 2024 and ending September 30, 2025 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 -
$26,691,028; Other Governmental Funds - $18,054,015; Enterprise Funds - $25,268,347.
The budget is based upon gross taxable value as reported by the Seminole County Property
Appraiser on line 4 of the DR420 as $3,745,597,673.
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 2024-17
Page 1of 2
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City of Winter Springs, Florida
Resolution 2024-17
Page 2of 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 2024.
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
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Revisions subsequent to the 2024-2025 Proposed Budget
Expenditures/Transfers per Resolution 2024-17
General Fund
Other
Governmental
Funds
Enterprise Funds Total
Revenues/Transfers - Proposed $24,710,934 $8,189,783 $18,174,300 $51,075,017
Revisions since Proposed:
Fund 120 -Increase Winding Hollow Turn Lane grant $495,000 $495,000
Fund 001-Police grant for Highwater Vehicle $54,045 $54,045
Fund 001 - Reduce Revenue Sharing per EDR estimates*($186,461)($186,461)
Fund 001 - Increase Communication Services revenue per EDR estimates*$67,394 $67,394
Fund 001 - Increase Gov Half-Cent Sales tax revenue per EDR estimates*$10,716 $10,716
* Economic and Demographic Research estimates from the Florida Department of Revenue
http://edr.state.fl.us/Content/local-government/data/county-municipal/index.cfm
Revenues/Transfers - Tentative $24,656,628 $8,684,783 $18,174,300 $51,515,711
Expenditures/Transfers - Proposed $26,636,983 $16,427,285 $25,268,347 $68,332,615
Revisions since Proposed:
Fund 120 - Add Winding Hollow Turn Lane expenditure $1,595,000 $1,595,000
Fund 103 - decrease Traffic Trailer ($10,951)($10,951)
Fund 140 - Decrease capital expenditures (Dingo, Small Dump Truck)($130,000)($130,000)
Fund 130 - Increase expenses to Waste Pro $172,681 $172,681
Fund 120 - Add CIP Road resurfacing (move funding - no net change)$2,000,000 $2,000,000
Fund 121 - Decrease CIP Road resurfacing (move funding - no net change)($2,000,000)($2,000,000)
Fund 001-Police add Highwater Vehicle $54,045 $54,045
Expenditures/Transfers - Tentative $26,691,028 $18,054,015 $25,268,347 $70,013,390
Appropriation to (from) Fund Balance ($2,034,400)($9,369,232)($7,094,047)($18,497,679)
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