Fort Walton Beach Council agenda — 09-07-05 — reading text

Name of Contact P~ rson Mailing Address 9513 850- 833- 9640 850- 833- Fort Walton Beach FL 32549 State Phone # Fax # City Zip See Instructions on Reverse Side I r  1 2 RESOLUTION 2005- 31 3 4 5 A RESOLUTION ADOPTING THE FINAL 6 MILLAGE RATE FOR THE CITY OF FORT 7 WALTON BEACH, FLORIDA, FOR THE FISCAL 8 YEAR BEGINNING ON OCTOBER 1, 2005 AND 9 ENDING ON SEPTEMBER 30, 2006, AND 10 PROVIDING FOR AN EFFECTIVE DATE. 11 12 13 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 14 FORT WALTON BEACH, FLORIDA, THAT: 15 16 Section 1. The City Council of the City of Fort Walton Beach, Florida, does hereby adopt 17 its final millage rate of 4. 9700 mills to be levied upon all real and tangible personal property 18 located within the boundaries of the above named taxing authority. 19 20 Section 2. The final levy of 4. 9700 mills is 18. 71% greater than the " rollback" rate of 21 4. 1868 mills. The 18. 71% percentage increase represents the percentage increase in property 22 taxes. 23 24 Section 3. This final millage rate of 4. 9700 mills is to fund General Fund expenditures for 25 the Fiscal Year commencing October 1, 2005 and ending September 30, 2006. 26 27 Section 4. This resolution shall take effect immediately upon approval by the Council and 28 signature by the Mayor. 29 30 Adopted: 31 32 Mayor: 33 Michael G. Anderson 34 Attest: 35 36 37 Helen Spencer 38 City Clerk 39 40 Approved as to form and 41 legal sufficiency: 42 43 44 45 Toni L.Craig 46 City Attorney  City of Fort Walton Beach MEMORANDUM Date: August 26, 2005 To: Joyce A. Shanahan, City Manager From: Michael J. Burton, Finance Director Re: Budget Adoption - FY 2005- 2006 ( CM05- 2005) BACKGROUND In compliance with City Charter Section 17, the City Manager is to prepare and submit to Council the annual budget identifying expenditures and revenues in sufficient amounts to cover all appropriations. DISCUSSION The City Manager has presented to City Council her proposed budget for fiscal year 2005- 2006, which was reviewed Council in budget workshops during the week of August 8, 2005. by The attached proposed budget reflects the City Council' s change from those meetings and identifies a carryover list and open purchase order ( encumbrance) list referred to in Sections 8 and 9 of the Ordinance. The adjustments made by Council removed the Golf CIP / Eq. Fee revenue and expense reducingthe overall Golf Fund budget by $ 235, 000, decreased the Grants and Aids line item in the CRA Fund from $ 39, 230 to $ 30,625, removed the Brooks Street Access CIP funding, reallocated 160, 000 to the Beal CIP and decreased the Ad Valorem Taxes- County TIF Parkway Neighborhood line item from $451, 593 to $ 442,988, reducing the overall CRA Budget by $ 8, 605. The overall total budget for FY 2005- 2006 is $ 33, 384,625. In reference to lines 55 through 65 on Page 2 of the Ordinance, attached hereto is a tentative list of overs and orders ( encumbrances) identified for re- appropriation open purchase special project carry- for FY 2005- 2006. These amounts will be fmalized at the second reading of the Ordinance. Special Projectsare and/ or open purchase orders that are incomplete as of September 30, 2005 and projects will be continued and made part of the FY 2005- 2006 appropriations. These include the Sound Park Hall Athletic Field improvements, improvements, City water line transmission project, elevated reuse water line between water storage tank construction, wastewater plant improvements and Hurlburt Field and the City' s Commerce and Technology Park, to name just a few. These projects were authorized, budgeted, and appropriated by Council in a prior fiscal year, and are carried forward as and are funded with the corresponding Carry- Over appropriations of the Special Projects pnor year. Page 1 P/}l/  1 Ordinance 1660 2 3 4 AN ORDINANCE OF THE CITY OF FORT WALTON BEACH MAKING 5 APPROPRIATIONS FOR CERTAIN EXPENDITURES, EXPENSES, CAPITAL 6 IMPROVEMENTS AND CERTAIN INDEBTEDNESS OF THE CITY OF FORT 7 WALTON BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 8 2005 AND ENDING SEPTEMBER 30, 2006; AND PROVIDING FOR AN 9 EFFECTIVE DATE. 10 11 WHEREAS, the City of Fort Walton Beach is coming to the end of its fiscal year 12 and will begin a new fiscal year on October 1, 2005; and 13 14 WHEREAS, it is necessary and required that prior to beginning a new fiscal year a 15 budget should be passed and adopted for the operation of the City government; and 16 17 WHEREAS, the City Council has held numerous workshops and the required 18 public hearings on a budget for the fiscal year beginning October 1, 2005 and ending September 19 30, 2006. 20 21 WHEREAS, there is hereby established a tax at the rate of 4. 9700 mills on property 22 assessed as of January 1, 2005 for the purpose of raising revenue for General Fund Operations. 23 24 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT 25 WALTON BEACH, FLORIDA: 26 27 1. That the documents entitled " City of Fort Walton Beach, Florida Budget FY 2005- 28 2006" ( Comprehensive, Capital Improvements Program and Operational Budgets), 29 dated September 2, 2005, comprise the total amount of $33, 384, 625 for all funds 30 reported. 31 32 2. The budget is being presented as a balanced budget whereby there are sufficient 33 revenues to offset all estimated expenditures or expenses. 34 35 3. All budget appropriations are based upon the total expenditure and/or expenses even 36 though the budget has been prepared based on line items, and summarized to a 37 categorical level. 38 39 4. Appropriations may be transferred for the purpose of equalization when needed by a 40 budget transfer with the approval of the Finance Director and/or the City Manager as 41 necessary. This action will not change the total dollar amount of the budget. 42 43 5. The City Council during fiscal year 2005- 2006 may, by Resolution, make any 44 amendments to the Budget adopted by this Ordinance, as it may deem necessary and 45 proper. 46 47 6. All Budget Amendments requesting additional expenditures or expenses must also 48 identify the corresponding funding source. 49 50 7. Debt service for the General Fund and Capital Projects fund will be paid from 51 operating revenues and/or transfers from the Debt Service Fund. Debt Service for the 52 Utilities, Sanitation, and Golf Enterprise Funds will be paid from operating revenues 53 from these Enterprise Funds. 54 55 8. Projects that were not completed during the prior fiscal year are carried forward as 56 Special Projects and are funded with the corresponding Carry- Over appropriations of 57 the prior year. Special Projects ( General Fund $ 2, 106, 305, LETF $ 12, 637, CDBG 58 $ 26, 711, CRA $ 694, 269, Capital Projects Fund $ 572, 525, Utilities Fund $ 8, 750,469, 59 Sanitation Fund $ 8, 200, and the Golf Fund $ 16, 943 for a total special projects carry 60 over of $12, 188, 059) are commitments, which are incomplete as of September 30, 61 2005 and will be continued and made a part of the 2005- 2006 appropriations. 62 63 9. Cash Balance Reserves shall be carried forward for prior year encumbrances and re- 64 appropriate open purchase orders in the amount of approximately $ 2, 660, 664, which 65 will be paid from revenues collected in FY 2005- 06. 66 67 10. This ordinance shall become effective on and after October 1, 2005. 68 69 70 71 ADOPTED: 72 73 74 MAYOR: 75 MICHAEL G. ANDERSON 76 77 ATTEST: 78 79 80 HELEN SPENCER, CITY CLERK 81 82 83 84 APPROVED AS TO FORM AND 85 LEGAL SUFFICIENCY: 86 87 88 89 TONI L.CRAIG, CITY ATTORNEY 90 91 92 93 94 Page 2  CITY OF FORT WALTON BEACH FY 2005-06 Budget CarryO- vers Council Meeting 9/ 7/ 05 Finance Dept Account # CIP # Project Name Approved Fire 001- 8070- 522- 6997 5148 Fire Rapid Response Vehicle 25,000 Fire 001- 8568-522- 5520 1568 Assistance to Firefighters Grant 1, 500 Parks & Rec 001- 8097- 572- 6997 5097 Sound Property Development 49,049 Parks & Rec 001- 8143- 572-6997 5143 City Hall Athletic Complex