The URL can be used to link to this page

Home My WebLink About2017 09 18 Public Hearings 401 Resolution 2017-07, Fiscal Year 2017-2018 Tentative BudgetCOMMISSION AGENDA ITEM 401 Informational Consent Public Hearings X Regular September 18, 2017 SB SB Special Meeting City Manager Department REQUEST: The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution 2017 -07, establishing the Tentative Budget for Fiscal Year 2017- 2018. SYNOPSIS: The purpose of this agenda item is to have the Commission approve Resolution 2017 -07, otherwise known as the Tentative Budget for Fiscal Year 2017 -2018. CONSIDERATIONS: • The operating millage rate for the current fiscal year 2016 -2017 is 2.4300 mills. The voted debt service millage for the current fiscal year 2016 -2017 is 0.0700 mills. • The fiscal year 2017 -2018 Proposed Budget reflected an operating millage rate of 2.4300 mills and a reduced voted debt service millage rate of 0.0600 mills. • On July 10, 2017, the Commission established the 2017 -2018 proposed operating millage rate (millage cap) at 2.4300 mills and the proposed a reduced voted debt service millage rate at 0.0600 mills. • The proposed operating millage rate of 2.4300 as submitted on the DR -420 is 6.15% more than the rolled -back rate of 2.2893 mills. Resolution 2017 -07 establishes the 2017 -2018 tentative millage rates. • The Tentative Budget is on the City's website at the following URL address: http: / /www.wintersprin sfl.or / assets/ FormsDocsandPub /FinanceBudget/2018 Tentativ e Bud et.pdf Any subsequent revisions by the City Commission to the tentative budget and /or the tentative millage rates will be reflected in the Final Millage and Final Budget Hearings Public Hearings 401 PAGE 1 OF 3 - September 18, 2017 scheduled for September 25, 2017 at 5:15 p.m. FISCAL IMPACT: The tentative city -wide budgets by fund type currently reflect the following appropriations to (from) fund balance and remain unchanged from the Proposed Budget (July 1st transmission) General Fund — $2,953 Governmental Funds (exclusive of General Fund) — ($5,129,424) Enterprise Funds — ($258,851) COMMUNICATION EFFORTS: This Agenda Item has been electronically forwarded to the Mayor and City Commission, City Manager, City Attorney /Staff, and is available on the City's Website, LaserFiche, and the City's Server. Additionally, portions of this Agenda Item are typed verbatim on the respective Meeting Agenda which has also been electronically forwarded to the individuals noted above, and which is also available on the City's Website, LaserFiche, and the City's Server; has been sent to applicable City Staff, Media/Press Representatives who have requested Agendas /Agenda Item information, Homeowner's Associations/Representatives on file with the City, and all individuals who have requested such information. This information has also been posted outside City Hall, posted inside City Hall with additional copies available for the General Public, and posted at six (6) different locations around the City. Furthermore, this information is also available to any individual requestors. City Staff is always willing to discuss this Agenda Item or any Agenda Item with any interested individuals. In August, each property owner was notified of this public hearing via the TRIM (Truth in Millage) notice as distributed by the Seminole County Property Appraiser. Additionally, the Tentative Budget has been published on the City's website and electronic sign. Upon approval and adoption of Resolution 2017 -07, a budget summary advertisement will be placed in the Orlando Sentinel on September 21, 2017 reflecting the Tentative Budget for Fiscal Year 2017 -2018 and announce the final Public Hearing for September 25, 2017 at 5:15 p.m. RECOMMENDATION: Staff recommends that the Commission approve the tentative budget for fiscal year 2017 -2018 or amend it as it deems necessary. It is recommended that the Commission adopt Resolution 2017 -07 establishing the tentative budget for Fiscal Year 2017 -2018 as approved by the Commission; and authorize the City to advertise its intent to hold public hearings to adopt final millage rates and final budget and to include a budget summary in a newspaper of general circulation in compliance with Florida Statute. Sample Motion: I move to approve Resolution 2017 -07 establishing the Tentative Budget for the City of Winter Springs for fiscal year 2017 -2018 and authorizing advertisement of the City's intent to hold public hearings to adopt the final millage rates and budget. Public Hearings 401 PAGE 2 OF 3 - September 18, 2017 ATTACHMENTS: Resolution 2017 -07 Public Hearings 401 PAGE 3 OF 3 - September 18, 2017 RESOLUTION 2017 -07 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, 2017 AND ENDING ON SEPTEMBER 30,2018; 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 and a tentative voted debt service 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. Incorporation of Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated by this reference. Section 2. Having previously adopted a tentative millage rate for the City of Winter Springs for fiscal year 2017 -2018, the City Commission adopts its tentative budget as may be amended for the fiscal year commencing October 1, 2017 and ending September 30, 2018 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. The proposed expenditures in the tentative budget including interfund transfers are as follows: General Fund - $17,569,163; Other Governmental Funds - $13,067,091; Enterprise Funds - $13,461,811. The budget is based upon gross taxable value as reported by the Seminole County Property Appraiser on line 4 of the DR420 of $2,153,501,273. Section 4. Within fifteen (15) days of the date of this Resolution, the Finance & Administrative Services 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 2017 -07 Page 1 of 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 18a' day of September, 2017. Charles Lacey, Mayor ATTEST: Andrea Lorenzo - Luaces, 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 2017 -07 Page 2 of 2