HomeMy WebLinkAbout1998 09 28 Public Hearings Item B
COMMISSION AGENDA
ITEM B
CONSENT
INFORMATIONAL
PUBLIC HEARING XX
REGULAR
September 28, 1998
Meeting
MGRrIDEPT. ~
Authorization
REQUEST: The City Manager is requesting the City Commission hold a Public Hearing
relative to the approval ofthe second reading of Ordinance No. 705, establishing the Final
Budget for Fiscal Year 1998-1999.
PURPOSE: The purpose of this agenda item is to have the Commission approve the second
reading of Ordinance No. 705, otherwise known as the Final Budget for Fiscal Year 1998-1999.
CONSIDERATIONS:
The Final Budget is the same as the Tentative Budget approved at the September 14,
1998 meeting.
Any changes or deletions requested by the City Commission will be reflected in the
second reading (Final Budget Hearing) scheduled for September 28, 1998.
Comprehensive Plan Services
At the Tentative Budget Hearing the Commission had discussions relative to the need for
additional appropriations relative to comprehensive plan improvements.
This can be addressed in three ways as follows:
1. Establish a line code for comprehensive plan improvement services and provide for
additional revenues to offset the increase in expenditures. Leaving the millage at 3.600
mils would produce $45,648 in additional dollars for this project without an appropriation
from Fund Balance.
2. Establish a line code for comprehensive plan improvement services and do not
provide for additional revenue. This would result in an appropriation from Fund Balance
equal to the authorized expenditures.
3. Do nothing at this time and address the issue after completion of the audit at which
time we could determine if a need would exist to increase revenue projections. Of course,
the audit could demonstrate a need to leave revenue projections alone, or even reduce
revenue projections.
In my opinion, as stated in Public Hearing Agenda A, the better alternative is to leave our
millage at 3.600 mils and dedicate the additional $45,648 to a line code for
comprehensive plan improvement services.
Retirement Plan Contribution:
In the Tentative Budget I recommended taking out the $150,000 retirement plan
contribution ($100,000 from the General Fund and $50,000 from the Utility Fund)
recommended for the purpose of reducing the period of time that it would take to payoff
the past service liability from an estimated 15 years to a shorter period.
My plan was to keep these payments for three years and in FY 2001 to direct these funds
to help offset the cost of the eight additional police officers. This plan would
substantially reduce the pension plan debt for past service liability while bench marking
general fund revenues for the time when the C.O.P. funds are eliminated.
In order to balance the budget without the necessity of utilizing fund balance, a goal I
established two years ago, this concept was dropped. However, I would like to readdress
this concept after completion of the audit if revenues prove to be available.
Retirement Plan Funding
EY...2..8 EY22 FYOO Total
General Fund $100,000 $200,000 $300,000 $600,000
Utility Fund 50.000 50.000 50.000 150.000
$150,000 $250,000 $350,000 $750,000
RECOMMENDATION:
1. The Commission make any amendments it deems necessary to the Final
Budget.
2. Adopt the second Reading of Ordinance No. 705.
\
IMPLEMENTATION SCHEDULE:
Upon approval and adoption of Ordinance No. 705 at the second reading the
Budget for Fiscal Year 1998 - 1999 would be implemented and become effective on
October 1, 1998.
ATTACHMENTS:
a. Ordinance No. 705.
COMMISSION ACTION:
ORDINANCE NO. ~
AN ORDINANCE OF THE CITY OF WINTER SPRINGS,
FLORIDA, ADOPTING THE MUNlCIP AL BUDGET FOR THE
FISCAL YEAR 1998-1999 REPEALING ALL ORDINANCES
OR PARTS OF ORDINANCES IN CONFLICT HEREWITH;
SEVERABILITY; CONFLICTS AND EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Winter Springs, Florida, must
establish the budget for the City of Winter Springs, Florida, for the forthcoming fiscal year
beginning on the first (lst) day of October, 1998, through the thirtieth (30) day of September
1999; and
WHEREAS, the City Commission of the City of Winter Springs, Florida, has
made a determination of the anticipated amounts of revenues available and the corresponding
appropriations and expenditures.
NOW, THEREFORE, THE CITY OF WINTER SPRINGS,
FLORIDA, HEREBY ORDAINS:
SECTION I: that the proposed Budget for fiscal year beginning October I, 1998
through September 30, 1999, as attached hereto as Appendix "A" (General Municipal and Utility
Budget) is declared to be adopted as the Annual Budget for the City of Winter Springs, Florida,
for the fiscal year 1998-1999.
SECTION II: that all ordinances or parts of ordinances in conflict herewith shall
be and the same are hereby repealed.
SECTION III: If any section or portion of a section or sub-section of this
Ordinance proves to be invalid, unlawful or unconstitutional, it shall not be held to invalidate or
to impair the validity, force or effect of any other section or portion of a section or subsection or
part of this Ordinance.
f ' I ,
SECTION IV: This Ordinance shall take effect October 1, 1998.
Passed and Adopted this _ day of
, 1998
CITY OF WINTER SPRINGS
PAUL P. PARTYKA, MAYOR
ATTEST:
CITY CLERK
First Reading
Posted
Second Reading and Public Hearing
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SEP J 8 1998
CITY OF WINTER SPRINGS
City Man.gEtr