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HomeMy WebLinkAbout2024 08 14 TLBD Special Meeting AgendaTUSCAWILLA LIGHTING & BEAUTIFICATION DISTRICT ADVISORY COMMITTEE SPECIAL MEETING AGENDA WEDNESDAY, AUGUST 14, 2024 - 5:15 PM CITY HALL - COMMISSION CHAMBERS 1126 EAST STATE ROAD 434, WINTER SPRINGS, FLORIDA 1 CALL TO ORDER Roll Call Invocation Pledge of Allegiance Agenda Changes AWARDS AND PRESENTATIONS INFORMATIONAL AGENDA PUBLIC INPUT Anyone who wishes to speak during Public Input on any Agenda Item or subject matter will need to fill out a “Public Input” form. Individuals will limit their comments to three (3) minutes, and representatives of groups or homeowners' associations shall limit their comments to five (5) minutes, unless otherwise determined by the City Commission. CONSENT AGENDA PUBLIC HEARINGS AGENDA REGULAR AGENDA 500. Fountain Project Pro Forma Financials 160 TLBD Proforma 09.30.24.pdf PUBLIC INPUT Anyone who wishes to speak during Public Input on any Agenda Item or subject matter will need to fill out a “Public Input” form. Individuals will limit their comments to three (3) minutes, and representatives of groups or homeowners' associations shall limit their comments to five (5) minutes, unless otherwise determined by the City Commission. ADJOURNMENT PUBLIC NOTICE This is a Public Meeting, and the public is invited to attend and this Agenda is subject to change. Please be advised that one (1) or more Members of any of the City's Advisory Boards and Committees may be in attendance at this Meeting, and may participate in discussions. Persons with disabilities needing assistance to participate in any of these proceedings should contact the City of Winter Springs at (407) 327-1800 "at least 48 hours prior to meeting, a written request by a physically handicapped person to attend the meeting, directed to the chairperson or director of such board, commission, agency, or authority" - per Section 286.26 Florida Statutes. "If a person decides to appeal any decision made by the board, agency, or commission with respect to 2 any matter considered at such meeting or hearing, he or she will need a record of the proceedings, and that, for such purpose, he or she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based" - per Section 286.0105 Florida Statutes. 3 REGULAR AGENDA ITEM 500 TUSCAWILLA LIGHTING & BEAUTIFICATION DISTRICT ADVISORY COMMITTEE AGENDA | AUGUST 14, 2024 SPECIAL MEETING TITLE Fountain Project Pro Forma Financials SUMMARY Please review attached pro forma financials and staff will discuss proposals received as well as corresponding insurance recovery. FUNDING SOURCE RECOMMENDATION Staff suggests the Board review the attached pro forma financials and have discussion about the fountain project. 4 $128 Budget Actuals Projected FY 25 Revenues: Impact Fees/Assessments 538,566 543,212 543,212 538,565 Investment Income/(Loss)2,000 11,068 11,068 800 Total Revenues 540,566 554,280 554,280 539,365 Expenditures: Other Svcs - Contract / Administrative 46,640 4,981 6,642 46,840 Other Svcs - Contract / Administrative Overhead 58,926 39,288 58,926 58,926 Utilities 78,240 34,892 78,240 74,340 Streetlights 243,600 193,041 243,600 243,396 R&M Infra - Fountains 23,416 20,408 24,916 23,416 R&M Infra - Grounds 174,448 127,636 416,528 174,951 R&M Infra - Grounds Signs / Walls 500 458 458 Promotional / Advertising Legal - 347 347 Total Expenditures 625,770 421,051 829,657 621,869 Other Financing Sources (Uses) Settlements 204,129 246,583 - Total Other Financing Sources (Uses)- 204,129 246,583 - Net Changes in Fund Balance (85,204) 337,359 (28,794) (82,504) Fund Balances, Beginning 168,550 168,550 168,550 139,756 Fund Balances, End 83,346 505,909 139,756 57,252 City of Winter Springs, Florida Combining Statement of Revenues, Expenditures, and Changes In Fund Balances - Non Major Governmental Fund - 160 *Pro-Forma* 5