Fort Walton Beach Council agenda — 09-22-2010 Special-2nd Public Hearing FY 10/11 Budget — reading text

Revenue requires specific language and procedures, a script for the Mayor to follow is attached. Submitted by: e Dunwort Budget & Grants Manager Reviewed & Concur: Bra unker, Finance Director Reviewed for Agenda: ----'' _ 9 -16 -10 Ro T. Mearns, City Manager UABudget\Budget 10- 11\ Budget Meetings - Sep\ 9 -22 Final Budget Staff Report.doe  FINAL BUDGET Script for Public Hearing on Budget Mayor: State the following: The budget for the City of Fort Walton Beach for FY 2010 -11 is 35, 708,090, which is $ 358, 601 or 1. 0% less than the adopted FY 2009 -10 budget. Mayor: Open the Public Hearing and ask for comments on the budget. Mayor: Close the Public Hearina. Mayor: Ask for a Motion and Second for Resolution 2010 -33 to adopt the budget for the City of Fort Walton Beach for the fiscal year beginning October 1, 2010 and ending September 30, 2011. Mayor: Ask for Council Discussion. Mayor: Ask for a Vote. Mayor: Upon adoption ofthe Resolution, the Mayor shall announce: The budget for the City of Fort Walton Beach for FY 2010 -11 is 35,708,090 with a millage rate of 4.5383, which is 0.00% below the rolled -back rate of 4.5383 mills.  1 Resolution 2010 -33 2 3 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, 4 FLORIDA, ADOPTING THE BUDGET FOR CERTAIN 5 EXPENDITURES, EXPENSES, CAPITAL IMPROVEMENTS AND 6 CERTAIN INDEBTEDNESS FOR THE CITY OF FORT WALTON 7 BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 8 2010 AND ENDING SEPTEMBER 30, 2011; AND SETTING AN 9 EFFECTIVE DATE. 10 11 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON 12 BEACH, FLORIDA, THAT: 13 14 1. Purpose 15 Prior to the beginning of a new fiscal year, the City is required to pass and adopt a budget 16 for the operation of the City government. The City held a public budget meeting on August 16, 17 2010 to discuss the FY 2010 -11 budget. The City held public budget hearings on September 8, 18 2010 and September 22, 2010 as required by Florida Statutes section 200.065. 19 20 2. Tax Rate 21 The City Council set the tax rate at 4. 5383 mills for property assessed as of January 1, 22 2010. 23 24 3. Adoption of Budget 25 The document entitled " City of Fort Walton Beach FY 2010 -11 Adopted Budget" 26 comprises the total amount of $35, 708, 090 for all funds reported.The budget is being presented 27 as a balanced budget whereby there are sufficient revenues to offset all estimated expenditures or 28 expenses. All budget appropriations are based upon the total expenditure and /or expenses even 29 though the budget has been prepared based on line items and summarized to a categorical level. 30 31 4. Budget Amendments 32 a. The City Council may make any amendments to the adopted budget, by resolution, as 33 it may deem necessary and proper. 34 b. Budget amendments requesting additional expenditures or expenses must also identify 35 the corresponding funding source. 36 37 5. Budget Transfers 38 Budget transfers shall be accomplished pursuant to Resolution 2008 -31, adopted by the 39 City Council on August 18, 2008. 40 41 6. Debt Service 42 Debt service for the General Fund will be paid from operating revenues and/ or transfers 43 from the Debt Service Fund. Debt service for the Utilities, Golf, and Stormwater Enterprise 44 Funds will be paid from operating revenues from these Enterprise Funds. 45 46 7. Carryovers 47 a. Projects that were not completed during the prior fiscal year are carried forward as  1 special projects and are funded with the corresponding carryover appropriations of the prior year. 2 These are commitments anticipated to be incomplete as of September 30, 2010 and will be 3 continued and made a part of the FY 2010 -11 budget. The document entitled " City of Fort 4 Walton Beach FY 2010 -11 Project Carryovers" comprises the total amount of $x,xxx,xxx for all 5 funds reported. 6 b. Prior year encumbrances ( open purchase orders) that were not completed during the 7 prior fiscal year are carried forward and are funded with the carryover corresponding 8 appropriations of the prior year. These are commitments anticipated to be incomplete as of 9 September 30, 2010 and will be continued and made a part of the FY 2010 -11 budget. The 10 document entitled " City of Fort Walton Beach FY 2010 -11 Encumbrance Carryovers" comprises 11 the total amount of $x,xxx,xxx for all funds reported. 12 13 8. Effective Date 14 This resolution shall become effective on and after October 1, 2010. 15 16 17 18 19 Adopted Mike Anderson, Mayor 20 21 22 23 Attest: Approved for form and legal sufficiency: 24 25 26 27 Helen Spencer, City Clerk Toni L. Craig, City Attorney  a M N O C) 0 00 N N N N C` l 00 LO O O a a 00 O 00 N Q N M O a M O kn V A O O 0© O 0 000 d J N O V z 0 F- IL A z arc Y IL z W O C9 V p4 D 0 OTC z 2 Q ovc z LL! a Ix 0 O O a 0 J a U U. 0 3 z0 O Q a J_ O J CL O w m w O N N Q. L7 O W 0 Q g W N z m OC LL ti