Fort Walton Beach Council minutes — 09-25-1990 Regular — reading text

if Mr. Rosenbaum was saying the City Manager could give 5% pay raise if a he finds it in the budget. Mr. Rosenbaum acknowledged that was correct, all the leeway is left in the hands of management. The City Attorney said Resolution 90- 29, Section I, now reads: that there is hereby levied on all real and tangible personal property located within the corporate limit s of the City of Fort Walton Beach, Florida an ad valorem tax of 5. 466 mills ($ 5. 46. 6 for every thousand dollars of assessed property value) on each taxable assessed value for the fiscal year 1990/ 91 which exceeds the rolled back rate of 2. 00 percent. The above millage represents 5. 466 mills for Operating Expenses. Mr. Rosenbaum read line by line the work he did on the first page; opening tax dollars of $ 5, 962, 354 remains the same; restricted cash of $ 484, 962 remains the same; restricted industrial account of $ 1. 334, 462 remains the same; estimated cash available beginning of at the 4, 142. 940 remains the prior years for special same; projects of $ 26, 500 remains the same; operating revenue changed to $ 10, 610, 048; other financing services sources of $ 2, 320, 000 remains the same; estimated cash available then becomes $ 17, 099, 488; operating expenditures of 11, 641, 239 the same as the 1989/ 90 estimate; special project expenditures of $ 25, 500 remains the same; capital outlay of $ 1, 068, 500 remains the same as recommended by the City Manager; that changes the operating expenditures to $ 12, 736, 239; other financing uses of $ 631, 232 remains the same as requested by the City Manager; estimated cash available at the end of the period becomes $ 3, 732, 017; add back in restricted cash of $ 484, 962 for the RDA debt and the industrial account of $ 1, 343, 462; leaving an ending balance of $ 5. 551, 441. Mr. deVaux asked if those figures were not raising golf course fees. Mr. Rosenbaum explained the only things affected were the two general ledger account numbers in I the total of $ 2, 641, 000 would be changed to $ 2, 608, 400. which applied change, sanitation was to as done the far and the by as assessed using revenues commercial 95% are of valuation; 5. 466 concerned, services by the millage rate reduced only other was under 25%; other than that he used the operating expenditures that were executed this current fiscal year and left the capital outlay and everything else the way the City Manager requested it. 20 9- 25- 90 RES. 90- 29 ( CONT.) Mr. Wyatt remarked he had no problem with the millage rate. or with the budget philosophy; but he did have a problem with saying to the City Manager here is the bottom line. you solve the problem. He proposed using the 5. 466 millage rate, do a few other adjustments, and create a task force of experts to analyze expenditures and also look at ways to generate revenues. He said he had no trouble with belt tightening, he just did not think it prudent to say to the City Manager here it is, you solve the problem. He said he thought the real solution is the 5. 466 and make some minor adjustments in the budget that give some kind of guidelines. Mr. Rosenbaum remarked there are three ways to balance a budget. either raise revenues, reduce expenditures. or a combination of the two; and Council has never addressed reducing expenditures, it is always increasing revenues. He also reminded Council he did not address the water and budget, and he sewer thinks at the earliest possible moment they have to do something to tighten belts and curtail the expenditures, not just continue to raise the revenues. The Mayor called for the vote on the motion to adopt Resolution 90- 29 with the millage established at 5. 466, and it carried by a vote of 6 to 1, with Rosenbaua, deVaux, Wyatt, Maney, Nicholson, and Wyninegar in favor, and Smith opposed. The Mayor requested the record reflect that the 5. 466 mills is approximately a 2% increase. ORD. 1100 AN ORDINANCE MAKING APPROPRIATIONS FOR CERTAIN BUDGET FOR FY 90/ 91 EXPENDITURES, EXPENSES. CAPITAL IMPROVEMENTS AND CERTAIN INDEBTEDNESS OF THE CITY OF FORT WALTON BEACH, FLORIDA. FOR THE YEAR BEGINNING OCTOBER 1, 1990 AND ENDING SEPTEMBER 30. 1991, PROVIDING THE EFFECTIVE DATE HEREOF. The City Attorney reminded Council the document includes a written budget as part of the Ordinance and any amendment to the written document must be made in session tonight.