Fort Walton Beach Council agenda — 09-06-06 ‎(special-budget)‎ — reading text

CITY OF FORT WALTON BEACH City Council Special Meeting Agenda September 6, 2006 - 5: 30pm City Council Chambers 107 Miracle Strip Parkway, SE Fort Walton Beach, FL 32548 CALL TO ORDER PLEDGE OF ALLEGIANCE ( Mayor) I PUBUCHEARING AGENDA 1. Consideration of setting the proposed millage rate at 4. 9700 mills for the City of Fort Walton Beach, Florida for fiscal year beginning October 1, 2006 and ending September 30, 2007, and providing for an effective date. ( City Manager) ( See Backup) 2. Consideration of Ordinance 1711 of the City of Fort Walton Beach making appropriations for certain expenditures, expenses, capital improvements and certain indebtedness of the City of Fort Walton Beach, Florida, for the year beginning October 1, 2006 and ending September 30, 2007, and providing for an effective date. ( 1st reading) ( City Manager) ( See Backup) ADJOURN Any person who decides to appeal any decision made with respect to any matter at this meeting will need a record of the proceedings, and for such purpose may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. (FS286.0105). The City of Fort Walton Beach adheres to the American with Disabilities Act and will make reasonable modifications for access to this meeting upon request. Please call City Clerk Helen Spencer at 850-833-9509 to make a request. For Hearing Impaired dial the City Hall TOO #850- 833- 9925 or 1- 800- 955- 8771 ( TOO) or 1- 800- 955-8770 (Voice). Requests must be received at least 48 hours in advance of the meeting in order to allow the City time to provide requested service.  CITY COUNCIL SPECIAL MEETING Se tember 6, 2006 Public Hearing I Consideration of setting the proposed -millage rate for 1 I the City of Fort Walton Beach I I for FY 2006/ 2007 I I City Manager) L-. Agenda Item Number: PH - 1  CITY OF FORT WALTON BEACH Memorandum TO: Joyce Shanahan, City Manager FROM: Charlotte Dunworth, Financial Analyst M) RE: Proposed Millage Rate for FY 2006- 07 DATE: September 1, 2006 Backaround Chapter 200 " Determination of Millage" of the Florida Statutes sets a statutory timetable for the calculation and notification to the public of the process to set ad valorem tax millage rates and adopt a budget. The statute identifies the time frames and briefly describes the tasks to be accomplished during those time frames. According to the Department of Revenue, the City shall calculate the rollback rate and within 80 days from when the Property Appraiser certifies the value of real property in the City of Fort Walton Beach and hold a public hearing on the proposed millage and tentative budget. The City' s real property value was certified on June 29, 2006, and therefore a public hearing must be held no later than September 17, 2006. Discussion According to the Okaloosa County Property Appraiser, the preliminary gross taxable value for operating purposes is $ 1, 363, 808,847, representing an increase of $ 264, 145, 106 or 24. 0% over the 2005 final gross taxable value of $ 1, 099, 663, 741. The April Budget Policy Workshop provided City Council an opportunity to propose policy directives, establish service levels, and determine funding priorities for the fiscal year 2006- 07 budget. Council provided consensus at the workshop to maintain the millage rate at 4. 9700 mills for preparation of the FY 2006- 07 budget. The FY 2006- 07 budget presented to Council at the August Budget Workshops was prepared at a millage rate of 4. 6458. This millage rate reduction was achieved by increasing the appropriation from undesignated fund balance in the General Fund. However, Council voted 6- 1 at the workshops to maintain the millage rate at 4. 9700 mills for preparation of the FY 2006-07 budget. Staff proposes setting the final ad valorem millage rate at 4. 9700. The proposed budget is predicated on retaining this millage rate. The final millage, at 4. 9700 mills, will produce approximately $ 6, 439, 224 in net 95% collection rate) ad valorem tax revenues, representing an increase of $ 1, 234, 520 over last year in net ad valorem taxes. The Department of Revenue also requires that the City calculate a rollback millage rate. The roll- back millage rate is defined as the millage rate that would produce the same amount of ad valorem tax revenue as was levied during the prior year, exclusive of new construction, deletions, and boundary changes. Staff has calculated the roll- back rate to be 4. 0746 mills. The proposed millage of 4. 9700 is 21. 98% above the roll- back rate and would generate $ 6,439, 224 in net ( 95% collection rate) ad valorem tax revenues, an increase of $1 , 160, 097. Recommendation Staff respectfully requests that City Council set the proposed millage at 4. 9700 mills for fiscal year October 1, 2006 through September 30, 2007 and adopt Resolution 06- 23 on first reading. As the Department of Revenue requires specific language and procedures, the following is proposed: 1. The Council set, by motion, the proposed millage rate of 4.9700 for the fiscal year October 1, 2006 to September 30, 2007. 2. Mayor shall open the Public Hearing and ask for comments. 1 of 2 I 3. Mayor shall close the Public Hearing. 4. Mayor shall ask for a Motion as follows: Move to adopt the proposed millage rate of 4. 9700 mills for fiscal year beginning October 1, 2006 and ending September 30, 2007 on first reading. 5. Mayor shall ask for Council discussion. 6. Mayor shall ask for Vote. 7. Upon adoption of the motion, the Mayor shall announce: The proposed millage rate for the City of Fort Walton Beach is 4. 9700 mills for fiscal year beginning October 1, 2006 and ending September 30, 2007 and which is 21. 98% above the rollback rate of 4. 0746 mills. The 21. 98% percentage increase is the percentage increase in property taxes. The proposed millage is subject to a second and final public hearing that will be held here at the City of Fort Walton Beach Council Chambers on Wednesday, September 20, 2005 at 5: 30pm. Attachments: 2006 Certificate of Taxable Value ( DR- 420) Vconcur Do Not Concur Hold for Discussion Attachments: DR- 420 Certificate of Taxable Value Script for Public Hearing - Proposed Millage u: lfinancelbudget 06-Q7Ibudget workshop - august\ 9-6 staff report - millage. doc 2 of 2  PROPOSED MILLAGE Script for Public Hearing on Proposed Millage Mayor: State the following: The Proposed Millage Rate for FY 2006- 2007 is 4. 9700 mills, which is 21.98% above the rollback rate of 4. 0746 mills. The rollback rate is the millage rate that will provide the same Ad Valorem tax revenue as was levied during the prior year. The 21.98% increase is the percentage increase in property taxes. The reason for setting the millage rate at 4. 9700 mills is to provide sufficient revenues to balance the proposed General Fund budget. Mayor: Open the Public Hearing and ask for comments on the proposed millage rate. Mayor: Close the Public Hearing. Mayor: Ask for a Motion and Second to set the proposed millage rate for the City of Fort Walton Beach at 4. 9700 for the Fiscal Year beginning October 1, 2006 and ending September 30, 2007. Use specific language above for motion.) Mayor: Ask for Council Discussion. Mayor: Ask for a Vote. Mayor: Upon passage of the motion, the Mayor shall announce: The Proposed Millage Rate for the City of Fort Walton Beach is 4. 9700 mills for the fiscal year beginning October 1, 2006 and ending September 30, 2007 and is 21.98% above the rollback rate of 4. 0746 mills. The 21.98% increase is the percentage increase in property taxes. The Proposed Millage Rate is subject to a second and final public hearing that will be held here at the City of Fort Walton Beach Council Chambers on Wednesday, September 20, 2005 at 5: 30pm.  DR- 420 Certification of Taxable Value R. 01/ 95 SECTION I 2006 Year To Fort Walton Beach Name of Taxing Authority) Okaloosa County 1, 227, 484, 394 1) Current Year Taxable Value of Real Property for Operating Purposes 136, 324, 453 2) Current Year Taxable Value of Personal Property for Operatihg Purposes 0-- 3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes 1, 363, 808, 847 4) Current Year Gross Taxable Value for Operating Purposes ( 1) +( 2) + ( 3) 5) Current Year Net New Taxable Value ( New Construction + Additions + Rehabilitative 22, 507, 276 Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletions) $ Current Year Adjusted Taxable Value ( 4) - ( 5) $ 1, 341, 301, 571 6) 1, 099, 663, 741 7) Prior Year Final Gross Taxable Value From Prior Year Applicable Form DR- 403 Series) I do hereby certify the values show herein to be correct to the best of my knowledge and belief. Witness my hanel-and official signature at Ft. Wal ton Beach ,