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HomeMy WebLinkAboutMinutes of Meeting - First Budget Public Hearing - September 14, 2016 MINUTES OF FIRST BUDGET PUBLIC HEARING DANIA BEACH CITY COMMISSION WEDNESDAY, SEPTEMBER 14, 2016 - 5:01 P.M. 1. Call to Order/Roll Call Mayor Salvino called the meeting to order at 5:01 p.m. Present: Mayor: Marco A. Salvino, Sr. Vice-Mayor: Albert C. Jones Commissioners: Chickie Brandimarte Paul Fetscher Bobbie H. Grace City Manager: Robert Baldwin City Attorney: Thomas Ansbro City Clerk: Louise Stilson 2. Presentation City Manager Baldwin thanked the Commission for their direction in the preparation of the budget. He noted there is no increase in the current millage rate, however, partial funding ($345,000.00) for the five firefighter/paramedics, formerly funded through the SAFER Grant, comes from undesignated reserves. Nicki Satterfield, Director of Finance, presented an overview of the recommended budget, which is attached to and incorporated into these minutes. Vice-Mayor Jones questioned if parking meters could be used in the parking garage. Marc LaFerrier, Director of Community Development, reported we have collected $70,000.00 from Park n Go, and we have also sold monthly parking passes to several downtown businesses. The Morrison Hotel will be leasing 87 spaces in the next six to nine months. We will soon be enforcing parking in the garage and we will be bringing two parking meters from the beach to the parking garage, which will add to the revenue from the garage. Mayor Salvino stated the last thing we want to do is give people who are shopping in Dania Beach a ticket if we do not have a way for them to pay for parking. He questioned how parking passes work. Vice-Mayor Jones noted patrons shopping downtown should have their parking validated so they do not have to pay to shop downtown. Mayor Salvino said we have to get the parking garage operational before we start fining people for parking. Vice-Mayor Jones wants to make sure the garage is utilized due to its cost; it cannot just sit there and not be viable. Vice-Mayor Jones spoke of decreasing the millage rate by three percentage points in order to help those taxpayers who are struggling. He said he will not vote for the millage rate because it is a tax increase due to the increase in property values. 3. Public Hearings City Attorney Ansbro announced: The OPERATING MUNICIPAL MILLAGE will be 5.9998 MILLS The proposed millage rate is an 8.99% increase over the rolled back rate of 5.5051mills as computed in accordance with the provisions of Section 200.065(1), Florida Statutes. The voter-approved debt service millage rate is 0.2464 mills in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes. The City's aggregate millage rate is 6.2462 Mills (5.9998 Mills for operating and 0.2464 Mills for debt service). The City Commission of the City of Dania Beach will meet in the City Commission Chamber in City Hall, 100 West Dania Beach Boulevard, Dania Beach, Florida, on Tuesday, September 20, 2016 at 5:01 p.m. for the purpose of final adoption of the above stated millage rates and for the purpose of answering any related questions. 3.1 RESOLUTION#2016-119 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AS REQUIRED BY THE CITY CHARTER AND SECTION 200.065, FLORIDA STATUTES, APPROVING THE PROPOSED MILLAGE RATE NECESSARY TO BE LEVIED FOR THE FISCAL YEAR 2016-2017 FOR OPERATING PURPOSES; ESTABLISHING THE DEBT MILLAGE APPROVED BY THE ELECTORATE; PROVIDING FOR A PUBLIC HEARING WHEN AND WHERE OBJECTIONS MAY BE HEARD AND QUESTIONS CONCERNING THE SAME WILL BE ANSWERED;PROVIDING FOR CONFLICTS;FURTHER, PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution#2016-119. Mayor Salvino opened the Public Hearing. Seeing as there was no one to speak in favor or opposition, Mayor Salvino closed the Public Hearing. Commissioner Grace motioned to adopt Resolution #2016-119; seconded by Commissioner Brandimarte. The motion carried on the following 4-1 Roll Call vote: Minutes of First Budget Public Hearing 2 Dania Beach City Commission Wednesday, September 14,2016—5:01 p.m. Commissioner Brandimarte Yes Vice-Mayor Jones No Commissioner Fetscher Yes Mayor Salvino Yes Commissioner Grace Yes 3.2 RESOLUTION#2016-120 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, RELATING TO THE PROVISION OF FIRE RESCUE SERVICES, FACILITIES AND PROGRAMS IN THE CITY OF DANIA BEACH, FLORIDA; RE-IMPOSING FIRE RESCUE ASSESSMENTS AGAINST ASSESSED PROPERTY LOCATED WITHIN THE CITY OF DANIA BEACH FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016; APPROVING THE RATE OF ASSESSMENT; APPROVING THE ASSESSMENT ROLL; PROVIDING FOR CONFLICTS;FURTHER,PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution#2016-120. Mayor Salvino opened the Public Hearing. Seeing as there was no one to speak in favor or opposition, he closed the Public Hearing. Commissioner Fetscher motioned to adopt Resolution #2016-120; seconded by Vice-Mayor Jones. The motion carried on the following 4-1 Roll Call vote: Commissioner Brandimarte Yes Vice-Mayor Jones Yes Commissioner Fetscher Yes Mayor Salvino Yes Commissioner Grace No 3.3 RESOLUTION#2016-121 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, RELATING TO THE PROVISION OF STORMWATER MANAGEMENT SERVICES IN THE CITY OF DANIA BEACH, FLORIDA; IMPOSING AND RE-IMPOSING STORMWATER ASSESSMENTS AGAINST PROPERTY LOCATED WITHIN THE CITY OF DANIA BEACH FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016; APPROVING THE RATE OF ASSESSMENT; APPROVING THE ASSESSMENT ROLL; PROVIDING FOR CONFLICTS;FURTHER,PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution#2016-121. Mayor Salvino opened the Public Hearing. Seeing as there was no one to speak in favor or opposition, he closed the Public Hearing. Commissioner Grace motioned to adopt Resolution #2016-121; seconded by Vice-Mayor Jones. The motion carried on the following 5-0 Roll Call vote: Commissioner Brandimarte Yes Vice-Mayor Jones Yes Commissioner Fetscher Yes Mayor Salvino Yes Commissioner Grace Yes Minutes of First Budget Public Hearing 3 Dania Beach City Commission Wednesday, September 14,2016—5:01 p.m. 3.4 RESOLUTION#2016-122 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, RELATING TO THE PROVISION OF SOLID WASTE SERVICE ASSESSMENTS IN THE CITY OF DANIA BEACH, FLORIDA; RE-IMPOSING SOLID WASTE SERVICE ASSESSMENTS AGAINST ASSESSED PROPERTY LOCATED WITHIN THE BOUNDARIES OF THE CITY OF DANIA BEACH FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016; APPROVING THE RATE OF ASSESSMENT; APPROVING THE ASSESSMENT ROLL;PROVIDING FOR CONFLICTS; FURTHER,PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution#2016-122. Mayor Salvino opened the Public Hearing. Seeing as there was no one to speak in favor or opposition, he closed the Public Hearing. Commissioner Grace motioned to adopt Resolution #2016-122; seconded by Commissioner Fetscher. The motion carried on the following 5-0 Roll Call vote: Commissioner Brandimarte Yes Vice-Mayor Jones Yes Commissioner Fetscher Yes Mayor Salvino Yes Commissioner Grace Yes 3.5 RESOLUTION#2016-123 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AS REQUIRED BY THE CITY CHARTER AND SECTION 200.065, FLORIDA STATUTES, APPROVING A TENTATIVE ANNUAL BUDGET FOR THE CITY FOR THE FISCAL YEAR 2016-2017; PROVIDING FOR A PUBLIC HEARING WHEN OBJECTIONS WILL BE HEARD AND QUESTIONS CONCERNING THE BUDGET WILL BE ANSWERED; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. City Attorney Ansbro read the title of Resolution#2016-123. Mayor Salvino opened the Public Hearing. Seeing as there was no one to speak in favor or opposition,he closed the Public Hearing. Vice-Mayor Jones motioned to adopt Resolution #2016-123, as amended; seconded by Commissioner Fetscher. The motion carried on the following 3-2 Roll Call vote: Commissioner Brandimarte Yes Vice-Mayor Jones No Commissioner Fetscher Yes Mayor Salvino Yes Commissioner Grace No Minutes of First Budget Public Hearing 4 Dania Beach City Commission Wednesday, September 14,2016—5:01 p.m. 4. Adj ournment Mayor Salvino adjourned the meeting at 5:50 p.m. ATTEST: CITY OF D IA BEACH LOUISE STILSON, CMC o�P�'S F1sT CO ALVINO, SR. CITY CLERK �� MAYOR Approved: September 27, 2016 'N��FORA'(ti� 1 Minutes of First Budget Public Hearing 5 Dania Beach City Commission Wednesday, September 14,2016—5:01 p.m. City of Dania Beach FY 2016/17 Recommended Budget September 14, 2016 CityProperty Values We're Almost There • City Property values City revenues providing increasing for the fourth funds for community consecutive year Property Taxes • 2008 values $3,319,056,469 • 2008 receipts $17,937,508 0 2009 31142,559,344 -6.8%) • 2009 $16,798,253 0 2010 21939,189,103 (-8.1%) • 2010 $161750,836 0 2011 2,68818061173 (-1.9%) 0 2011 $15,872,847 • 2012 21550,120,331 ( .18%) 0 2012 $15,604,005 • 2013 21671,694,774 (5.40%) • 2013 $16,102,658 • 2014 217911734,052 (4.49%) • 2014 $161749,846 • 2015 21968,068,927 (7.49%) 0 2015 $17,807,820 • 2016 31226,058,904 (9.90%) • 2016 $18,387,922 2016 > 2009 but still less than 2008 Budget Actions Tonight • Taxes = maintain existing millage 5.9998 mills • "rolled back" millage rate — 5.5051 mills • Voter Approved Debt millage - .2464mills • Set 25t Sept. Budget Public Hearing Tues. 9/20/2016 @ 5:01 p.m. at Dania Beach City Hall • Fire-Rescue Assessment (aaj. of $1o.00) $ 200.00 yr. • Stormwater Assessment ono change) $ 40.00 yr. • Residential Solid Waste (adjustment = $2.52yr.) $ 342.48 yr. • Adopt tentative budget as amended Financial Status • Economic growth at State and Local levels continues to improve. • City's Tax Base - Fourth consecutive property value increase - Continued recovery projected — aided by investments in City neighborhoods, beach & gateway appearance, infrastructure and economic development • Sales Tax and State Revenue Sharing are leveling off • Increased development and building permit activity • Investment earnings - slightly improving (.45 > 2015) • User Fees / Assessments- $10 increase in Fire(83C mo.) assessment, No increase Stormwater assessment. $2.52 increase in Solid Waste assessment (21C mo.) Budget Focus • Sustalnability — • Personnel costs— including staffing levels, rising cost of retirement funding and health care benefits, • Debt service, • Contract costs • Infrastructure - completion and maintenance of planned & funded Capital Projects • Stormwater runoff infrastructure • Water & Sewer system repairs & replacements • Beach Area improvements • Phase I ... already funded and under development • Phase II ... annual funding —$955K being accumulated from Parking and Beach Pier restaurant • Roadway repaving , sidewalk improvement, bus shelters and dumpster enclosures • Appearance- • Carryover of $200K Oasis Project to be identified • Public Safety — • Successfully negotiated BSO contract for Police and applying for COPS Grant • Working to establish sustainable BSO contract for Fire Rescue service costs including 5 addt'I FF/PM formerly funded through SAFER Grant • Expanded neighborhood solar lighting systems through grant funding • Increase annual City funding to legacy General and Police & Fire Pension Plans • Customer Service — • Expanding on-line access for parking fees • Work to enable on-line monitoring of City building permits General Fund What 's Inclu • No increase to operating property tax rate • Use of $345K Undesignated Fund Balance • Public Safety Contract Cost $22.7M — Police services $11.5m to $11.9M -3.72% — Fire services $9.48m to $10.1M -S.98% — Safer Grant expired May 2016. — Funding for 5 addt'l FF/PM for Station 1 $665K requiring the use of $345K of undesignated reserves • City Manager: Oasis Project Carryover 2016 $200K • Commission Contingency $142K • IT — Citywide Archiving System (recordsretention) $100K • Police: Body Worn Camera (operating portion only; equip LETF) $ 83 K • Recreation : Roof Lifeguard/Bathroom Bldg $ 29K • Streets Division: • Roadway Repaving $250K • Sidewalks (Citywide & 50/50) $180K General Fund What's Not Included ? Estimates Only 5.1M • BSO Deputies (2) — Seeking COPS Grant $310,000 • BSO — Relocation to City Hall $500,000 • Enhanced Security Services - City Hall $ 40,600 • Security Infrastructure Chambers & City Hall $145,000 • Vehicle/Equipment Replacement $300,000 • BSO Radio Program (to be phased-in) $885,000 • Olsen Middle School Grass Field $180,000 • Employee Appreciation Event $ 15,000 • Holiday Lighting $ 50,000 • Frost Park/PJ Meli — Contract Field Maintenance $180,000 • Frost Park — Drainage Installation $130,000 • Customer Call Centers (2FTE Administrative Staff) $ 60,000 • Purchase of Property — Jones Park $300,000 • Pension Reserves (Formalize Policy 3 Mo. ERC) $2,000,000 • No New Capital Projects — deferred to 2018-2021 (refer to CIP) Pension Plans • Police Pension-City Plan $554K (decrease of$10k) • Fire Pension-City Legacy Plan $5.67M (increase of $1.2m) • General Pension-City Legacy Plan $1.49M (increase of 148K) — Legacy City Pension Plans — Three Basic Guidelines 1. Retirement Cost should be recognized durinq working years 2. Total Pension Liability — this is an estimate Impacted by both actuarial & management estimates 3. Elective bodies now choose how & when to provide funding — Commission may wish to develop a funding Policy. — Establish 2016/17annual Pension funding level in this budget and establishing a pension reserve • Florida Retirement System (remains level) — 85% of employees covered by FRS (not city Puns) (105 FRS, 18 city) • OPEB (Post-retirement) Health Care Liability — Separate cost and separate annual funding Enterprise Funds • Water Debt cost from capital loans — No rate chg. since 2011 ➢ Working to complete approved Capital projects • Sewer Debt cost from capital loans — No rate chg. ➢ Annual cost of contract treatment has slightly increased • Stormwater - SRF capital loans — No rate chg. ➢ Working to begin SE improvements Phase II ➢ Work to begin SW area & Taylor Lane paid from Fund cash • Parking Beach pa rkl ng ($400K surplus to support Beach Improvements) • Pier Restaurant - ($125K surplus to support Beach Improvements —not included) • Pier - Westrec Management ➢ Self supporting marina operation ➢ Surplus to be used for Pier L/Term maintenance (rev. up 6%) • Beach -Phase I renovation already funded -Phase II funding from currently = $955K • Marina — Westrec Management ➢ Self supporting marina operation — including annual loan repayment ➢ Occupancy and slip rental revenues continue to steadily increase (rev. up 18%) Amendments to City Manager Proposed Budget Account Description Increase Decrease 1 Amendment for ERU's July 9 BCPA Decrease to Stormwater Revenue(403-00-00-325-20-03) Stormwater Fund Professional Services 1,454 Decrease to Stormwater Contingency(403-38-01-538-99-10) Stormwater-Contingency 1,454 Amendment for Solidviaste (Inclusion of Oaks at Hidden Harbour) Increase to Public Services (001-34-01-534-34-10) General Fund Contractual Services 20,549 Increase to Solidwaste Revenue (001-00-00-343-40-01) Solid Waste Assessment 19,727 Decrease to Contingency(001-18-00-519-99-10) General Fund Contingency 822 3 Amendment forProperty Insurance Coverage 11- WaterPlan 11 t Increase to Water Plant(401-33-03-533-45-10) Water Fund Insurance Coverage 54,000 Decrease to Water Fund Contingency(401-33-01-533-99-10) Contingency 54,000 4' Amendment for use of Recreation Impact Fees Decrease Appropriation of Recreation Impact Fees (001-00-00-389-90-03) General Fund Recreation Impact Fees 46,850 Decrease Commission Contingency(001-18-00-519-99-10) " General Fund Contingency 46,850 5 AmendmentforHollywood Large UserAgreement GASB 68 Increase Contractual Services (402-35-02-535-34-10) Sewer Fund Contractual Services 90,000 Decrease to Contingency(402-35-02-535-99-10) Sewer Fund Contingency 90,000 Amendment for BSO Fire Consideration-Lease Payment Increase Commission Contingency(001-18-00-519-99-10) General Fund Contingency 65,000 Decrease to Fire Contractual Services (001-22-01-522-34-10) Contractual Services 65,000 Conclusion • Recommended Budget presents a fair, reasoned & balanced financial plan for Dania Beach in the coming year. • We thank the Commission and City Departments for their guidance and assistance in developing this annual City Budget plan . Budget Actions Tonight • Taxes = maintain existing millage 5.9998 mills • "rolled back" millage rate — 5.5051 mills • Voter Approved Debt millage - .2464 mills • Set 2"d Sept. Budget Public Hearing Tuesday. 9/20/2016 @ 5:01 p.m. at Dania Beach City Hall • Fire-Rescue Assessment (ad;. ofs1o.00) $ 200.00 yr. • Stormwater Assessment (no change) $ 40.00 yr. • Residential Solid Waste (adjustment = $2.52yr.) $ 342.48 yr. • Adopt tentative budget as amended City of Dania Beach } Department of Finance W,st Dania Beach Blvd•Dania Beach,FL 33004•(954)924-6808 (954)-923-1109(fax) MEMORANDUM TO: Robert Baldwin, City Manager FROM: Adam Segal, Asst. Finance Director DFA-16-018 Nicki Satterfield, Finance Director DATE: August 23, 2016 SUBJECT: Intermedix EMS Transport Fee Billing & Collection Background The City of Danai Beach currently contracts with the Broward Sheriff's Office for Fire-Rescue Services. As such, the Broward Sheriff's Office contracts with Intermedix (an EMS transport billing company) to process their billings and collections. The fees charged are in accordance with the City's rates adopted in 2008 with a built-in 5% annual increase. The resolution is attached for your convenience. The Broward Sheriff's Office current billing and collection policy with Intermedix is as follows: • Intermedix will send an initial invoice within 30 days • If invoice remains unpaid a second invoice is sent 30 days later • If invoice continues to remain unpaid the balance will remain in their files and available for collection • No items are ever written off but rather remain as uncollectible • Unpaid items are not sent to collections • Medicare is invoiced at 80% of the allowable amount; BSO has the option to invoice for the remaining 20%, but this may or may not be collected depending upon secondary insurance. Analysis of Information Below is a summary of the following outstanding receivables by category: Private Auto Work A e Medicare Medicaid Insurance Insurance Comp Self Pay Other $74,078.78 $33,633.97 $40,295.79 $73,531.86 �•' $28,556.18 $24,454.91 $34,766.06 $2,963.43 $75,438.72 �.' $14,004.31 $15,596.66 $49,016.89 $2,100.18 $48,798.27 -, $25,233.83 $24,226.01 $37,700.58 $7,095.42 $2,907.70 $93,552.95 $953.47 • ' $12,582.32 $16,972.40 $41,391.41 $1,742.00 $64,580.72 $999.07 • ' $17,260.96 $12,904.91 $28,691.37 $2,389.34 $73,544.36 $10,852.20 $15,914.23 $25,223.97 $1,335.56 $965.29 $66,932.90 • ' $628,587.73 $389,454.28 $838,395.74 $95,095.57 $18,048.40 $3,682,716.63 $798.69 $811,156.31 $533,157.37 $1,095,481.81 $112,721.50 $21,921.39 $4,179,096.41 $2,751.23 Self-pay is the largest amount at approximate $4.2M with private insurance at approximately $1.1 M. Intermedix stated the self-pay collectability is approximately 2%. It is unclear however, how many of these private pay or self-pay are Dania Beach residents. Intermedix also informed Finance that the City in conjunction with BSO can implement whatever policy it chooses and actively encouraged us to do so. During our research it was further discovered a compassion policy exists which provides for a potential waiver of fees for financial hardship. The latest resolution and policy are attached. Resolution 2008-147 sets the fees for EMS transport services and provides an avenue whereby those patients who are unable to pay can apply for a waiver upon submission of appropriate documentation. The City can also simply charge patients only to the extent of their Medicare or other health insurance coverage. Please note the compassion policy is to be administered by the Dania Beach Fire Rescue Transport Reimbursement Executive Board which is to be comprised of the City Attorney, Finance Director and EMS Coordinator. To our knowledge the board has never convened and Finance was unaware of its existence until now. Presumably no person has ever requested a waiver due to financial hardship. RESOLUTION NO.2008-147 A RESOLUTION OF THE CITY OF DANIA BEACH,FLORIDA,SETTING FEES FOR THE TRANSPORT OF PATIENTS TO LOCAL HOSPITALS BY THE CITY OF DANIA BEACH FIRE-RESCUE DEPARTMENT; PROVIDING FOR A "COMPASSION POLICY"; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, CMS (Centers for Medicare and Medicaid Services) of the United States Department of Health has implemented changes in the structure of transport fees with such changes to become effective September 1,2008; and WHEREAS, it is recommended that the City adopt fees that are consistent with such changes;and WHEREAS,the City wishes to provide a"Compassion Policy"allowing for options for the payment of such transport fees; NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH,FLORIDA: Section 1. That the following fees for the transport of patients to local hospitals by the City of Dania Beach Fire-Rescue Department are approved: ALL LEVELS OF TRANSPORT $650.00 COSTS PER MILE $12.00 Section 2. That with respect to increasing costs associated with transporting patients,an automatic five percent(5%)per annum increase in the above stated fee is adopted. Section 3. That the "Compassion Policy" allowing options for the payment of such transport fees, a copy of which policy is attached to this Resolution, is approved for City use. Section 4. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 5. That this Resolution shall be in force and take effect immediately on October 1,2008. PASSED AND ADOPTED on August 26,2008. ALBERT C.JONES MAYOR-COMMISSIO ATTEST: o� I F1 cif LOUISE STILSON,CMC -� CITY CLERK APPROVED AS TO AND CORRECTNESS BY: IItt THOM49 J. JWSBRO CITY ATTORNEY 2 RESOLUTION t#2008-147 ATTACHMENT f°A" CITY OF DANIA BEACH COMPASSION POLICY Centers for Medicare and Medicaid services (CMS) of the United States Department of Health Manual,Chapter lb, Section 50.3,provides that: A[State or Local government] facility which reduces or waives its charges for patients unable to pay, or charges patients only to the extent of their Medicare and other health insurance coverage, is not viewed as furnishing free services and may therefore receive program payment. OVERVIEW Dania Beach Fire Rescue has approved uniform policies and procedures for the determination of "unsponsored charity care". These policies and procedures shall be applicable and effective September 1,2008.Unless a patient has been rated financially indigent or a reduction consistent with the financially indigent patient or an estate representative has been established,the patient or other responsible party under applicable contracts,laws,or regulations,is fully expected to pay the entire bill in a timely manner. No patient account(s) will be considered for reduction without the proper written request, documentation or both from the patient, legal representative,or family member. All patient accounts must be reviewed uniformly by definition of the components of unsponsored charity care.This shall be accomplished by the Dania Beach Fire Rescue Transport Reimbursement Executive Board. This board shall consist of the city attorney, finance director, and the EMS Coordinator. DEFINITIONS AND POLICY Unsponsored Charity Care Financially Indigent. Unsponsored charity care shall include unreimbursed services to the financially indigent. Financially indigent shall mean uninsured or underinsured patients with no obligation or a discounted obligation to pay for services rendered based on Dania Beach's formal eligibility which may include: (a) income levels; or (b) other criteria for determining a patient's inability to pay that are consistent with the service's mission and established policy.The Department of Health and Human Services Poverty Guidelines shall serve as an index for the threshold below which patients receiving care from Dania Beach Fire Rescue are deemed financially indigent. 3 RESOLUTION 42008-147 ><r Charity Care Determination No patient shall be awarded any write-off financial or otherwise without the approval by the Dania Beach Fire Rescue Transport Reimbursement Board.The determination may be made after review of documentation of a hardship as submitted by the patient.In order to facilitate the review process,the Transport Reimbursement Board may examine copies of recent Federal tax returns,itemization of sources of revenue for the current year and anticipated expenses,and any other documentation which may prove evidence of hardship. All information submitted will be kept confidential to the extent provided by law. Contractual Adjustments Contractual Adjustments to commercial contracts, Medicare or both shall not be counted as unsponsored charity care. Baal Debt Bad debts shall not be counted as unsponsored charity care.Bad debts shall include the uncollected billed charges for services rendered to patients who do not qualify under the definition of unsponsored charity care. Contractual adjustments shall not be considered bad debt. 4 RESOLUTION#2008-147 MUNICIPAL DEBT FINANCING OPTIONS OGeneral Obligation Bonds A General Obligation Bond is a municipal bond backed by the credit and taxing power of the issuing government.General Obligation Bonds are issued with the intent that the municipality will be able to repay the debt through taxation or general operating revenues.These are generally backed by the City's tax levy revenues.Since the current operating revenue stream would not support the debt payment, in order for the City to issue these bonds the debt and interest repayments would need to be covered by tax increases to either the exisitng operating millage rate or the debt millage rate.The debt millage rate would require voter approval. ORevenue Bonds Revenue bonds differ than GO Bonds due to their method of repayment;unlike GO bonds which rely on taxation,municipal revenue bonds are guaranteed by the revenue streams generated by the revenue from a specific project.The improvement for which the funds are borrowed must derive sufficient revenues from its operations to repay the loan. A good example of this is the Marina Fund.The Marina fund was approved to borrow funds because a specific revenue stream(slip rentals)was being generated which showed sufficient support to repay the debt. OBank Qualified Bonds Bonds generally issue through a bank lending institution;generally smaller debt issuances but tend to have higher interest rates.Generally, backed by either collateral if capital purchase or by general fund revenue pledge such as franchise fees or utility taxes.Since the current operating revenue stream would not support the debt payment it would not be recommended at this time. ADVANTAGES/DISADVANTAGES OF VARIOUS DEBT TYPES Type of Debt Advantages Disadvantages G.0 Bonds -Backed by"full faith and credit"of the City -Requires increase in tax rate to meet debt payments -Can use City's taxing authority to issue new -Would require issuance of several million dollars credit to finance payments -Generally requires a bond pool to obtain better rate -Proceeds may be used for any general purpose for the general good of the City. -Longer repayment terms 20 yrs -Lower interest rates due to amount and longer term Revenue Bonds -Backed by a specific revenue stream -Cannot be used for unrestricted purposes -Relies soley on the revenue steam bonds are used to create.Must create enough revenue to meet the repayments -Would require issuance of several million dollars Bank Qualified -Not as complex as a bond issue -Generally higher rates of interest -Can borrow significant less than would be -Generally requires a pledge of specific revenue such as: required under a bond issuance Franchise Fees,Utility Taxes,etc. -Lower Fees and administrative ease -Increase debt service is not supported by current -Shorter repayment terms 10 yrs operating revenue streams Revenue Loss per .1 mil Certified Value as of 7/1/16 $3,226,058,904 Annual Impact to Resident Estimated Revenue Estimated Loss @ Revenue @ $114K Taxable Value $150K Taxable millage rate millage rate $50K Taxable Value (Median Residential) $125K Taxable Value Value Current Millage 5.9998 $ 18,387,923 $ 300 $ 684 $ 750 $ 900 .1 mil reduction 5.8998 $ 306,476 $ 18,081,447 $ 295 $ 673 $ 737 $ 885 .2 mil reduction 5.7998 $ 612,951 $ 17,774,972 $ 290 $ 661 $ 725 $ 870 .3 mil reduction 5.6998 $ 919,427 $ 17,468,496 $ 285 $ 650 $ 712 $ 855 Rollback Rate 5.6511 $ 1,516,135 $ 16,871,788 $ 275 $ 628 $ 688 $ 826 *$5.00 per.1 mil *$11.00 yr per.1 mil *$13 per.1 mil *$15 per.1 mil **$25 if rollback rate .92 cents per mo. **$62 if rollback rate **$74 if rollback rate **$56 yr if rollback rate $4.66 per mo.