Fort Walton Beach Council agenda — 09-19-2007 special agenda — reading text

UltJj r: uJa~ n~ lei ! ....__~~:~~. nw: r lJ"~' I:_'~~ 20) Curre~t Millage Levy for Voted .D~bt Service , per $1 , 000 ( 20) 21) Current Millage Levy 'for Other Voted Millage' per $ 1, 000 ( 21) 22), Enter the Total Adjusted Prior Year Ad Valorem Proceeds of,AlL Dependent Special Districts and 0 22) MSTUs levying a millage. (The sum of Line ( 12) from each District's and MSTU' s Form DR-420) 23) Total Adjusted Pri6rYear Ad Valorem ~ i-oC'eeds: ( 12) + ( 22) i, 'l~2, 146 23) 24) The Current Year Aggregate Rolled- Back Rate: ( 23) divided by ( 14) 4. 4196 p~r$ 1. o0o ( 24) 25) Current Year Aggregate Rolled- Back Taxes ( 4) x (24) 6, 5 6 6 , 922 25) 26) Total of al/non- voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Eli'ter Authority, all Dependent Districts, and MSTUs if any. Sum of line ( 16) x line (4) from all Form DR- 420s 6, 903, 024 26) 27) Current Year Proposed Aggregate Millage Rate: (26) divided by ( 4) 4. 6458 per $ 1, 000 ( 27) 28) Current Year Proposed Rate as a Percent Change of Rolled- Back Rate: Line 27 divided by Line 24) - 1. 00] x 100 5. 12% 28) Date, Time a[1d Place of the First Public Budget ring: He;;; Wedn~ sday, Sep tember 5; 200-]:.. at 5: 30pm City Council Chanib~ r.s,. 107 Miracle. Strip Par~way', F.WB, FL' 32:548 I d~ hereby' certify the mil/ages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, I certify that all millage's' comply yotith the provisiqns of Section 200. 185 and 200, 071 or 200. 081, F. S. VVITNESS 'my hand aryd official signature at Fort: WaltonEeach- . Florida, this the ' 3rd day of AUffUS t... 20.07 ( Month. and Year) Jo ce Sbanahan ' 107 . 1{ itac.le "St.ripPkwy ignalure and Tilh~ of Chief Administ"" live Officer C i tY Addressof Physical Location ' Mg.r ' 4009 Charlotte- Dunworth Mailing Address Name of Contact Person Fort' Walton Beach, FL. 32549 8.50) 833~ 9.521 8 50 ) . 83 3 - 9 64 Oq City State Zip Phone # Fax# ' rr c> IM~ TDIIr' nM ~ I= Tln"'~ R~ 1= !=: VI= Inl=  CITY COUNCIL SPECIAL MEETING September 19, 2007 Special Meeting Agenda Consideration of Ordinance 1740, making appropriations for certain expenses, expenditures, capitalimprovements and certain indebtedness of the City for the fiscal year beginning on October 1, 2007 Second Reading) ( City Manager) SP- 2 Agenda Item Number:  CITY OF FORT WALTON BEACH Memorandum TO: Joyce Shanahan, City Manager FROM: Charlotte Dunworth, Budget & Grants Managerj( f) RE: Budget Adoption for FY 2007- 08 DATE: September 13, 2007 Backmound 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' s proposed FY 2007- 08 budget, prepared at a millage rate of 4. 1986, was presented to Council at budget meetings on August 8, 9, & 13, 2007. The proposed comprehensive budget ( i.e. all funds) for FY 2007- 08 totals $ 36, 610, 668, which is $ 1, 023,486 or 2. 7% less than the adopted FY 2006- 07 budget. The proposed General Fund budget for FY 2007- 08 is $ 19, 500, 029, which is $ 117,669 or 0. 6% less than the adopted FY 2006- 07 budget. The General Fund budget as prepared includes a $ 520, 658 appropriation from undesignated fund balance to bridge the gap between revenues and expenditures. Although it is not prudent to use reserves to fund ongoing operational expenses, in light of the pending alternative service delivery study results staff did not reduce service levels ( other than capital improvements) so as not to take actions that may possibly run counter to the study findings. Staff anticipates implementing the study' s recommendations by January 1, 2008 and amending the FY 2007- 08 budget accordingly to eliminate the use of reserves for operations. No changes were made to the budget during the September 5, 2007 budget hearing. At that time, a preliminary list ofprojects and encumbrances ( open purchase orders) identified for carryover was included. These amounts will be updated and changes reflected in the budget ordinance, as amended, and to be distributed on September 19. Carryovers are projects and/ or open purchase orders that are anticipated to be incomplete as of September 30, 2007 and are proposed to be continued and made part of the FY 2007- 08 appropriations. These projects were authorized, budgeted, and appropriated by Council in a prior fiscal year and are carried forward and funded with the corresponding