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HomeMy WebLinkAboutR-2017-108 Approves a Tentative Annual Budget for the City for FY 2017-2018 RESOLUTION NO. 2017-108 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 2017-2018; 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. WHEREAS, the City Charter of the City of Dania Beach, Florida, requires that the City Commission shall, by Resolution, adopt an annual budget, determine the amount of millage necessary to be levied and publish the budget so adopted, together with a notice stating the time and place where objections to it may be heard; and WHEREAS, the City Manager of the City of Dania Beach, Florida, has prepared and submitted to the City Commission an annual report covering the operation of the City and has set forth in it an estimate of the expenditures and revenues of the City for the ensuing year, beginning October 1, 2017 and ending September 30, 2018, with a copy of the report and estimate being on file in the office of the City Clerk so that any interested parties may view such copy upon request; and WHEREAS, the City Manager has presented to the City Commission detailed information supporting such estimate, affording the City Commission a comprehensive understanding of the City Government for the ensuing period, including expenditures for corresponding items during the last two fiscal years and increased and decreased demands for the ensuing year as compared with corresponding appropriations for the last fiscal year; and WHEREAS, the City Commission has met and carefully considered such annual report and estimate for the ensuing year, has prepared a tentative budget setting forth the amounts necessary to be raised for the various departments of the City and has appropriated the amounts to the various departments of the City considering the applicable funds on hand and the estimated departmental revenues; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That a tentative budget for the City of Dania Beach, Florida, for the fiscal year beginning October 1, 2017 and ending September 30, 2018, is adopted (subject to the public hearing for which provision is subsequently made below). A copy of the tentative budget summary is attached to this Resolution and made a part of it as "Exhibit A", and the appropriations set out in it are made for the maintenance and carrying on of the government of the City of Dania Beach, Florida, and for the purpose of paying debt service requirements, if any, of the City for the fiscal year beginning October 1, 2017 and ending September 30, 2018. Section 2. That all delinquent taxes, collected as proceeds from levies of operating millages for former years are specifically appropriated for the use and benefit of the "General Fund". Section 3. Automatic Amendment: The Fiscal Year 2017-2018 budget is automatically amended to reappropriate open purchase order (P.O.) encumbrances that have not been closed by the Finance Department as a normal function of the City's fiscal year end review, fund outstanding contracts, fund required payments on approved City debt, and fund capital projects reserved or unexpended from prior years including Fiscal Year 2017-2018, such appropriations having been previously approved by the City Commission. Section 4. Contingency Funds: That department heads or their respective designees shall only be allowed to transfer funds from their designated contingency accounts below an aggregate amount of Twenty five thousand dollars ($25,000.00) per fund with City Manager approval. Aggregate amounts above the Twenty five thousand dollars ($25,000.00) threshold per fund that are requested to be transferred from Contingency must be approved by the City Commission. Section 5. That the City Commission of the City of Dania Beach will meet in the City Commission Chamber in the City Hall (100 West Dania Beach Boulevard, Dania Beach, Florida 33004) on September 19, 2017 at 5:01 p.m. for the purpose of finalizing the budget and answering questions concerning it. The City Manager shall specify the purposes for which ad valorem tax revenues are being increased or decreased, if any, over the "rolled back rate". A notice of this public hearing shall be published in strict compliance with the provisions of Section 200.065(2) (d) and Section 200.065(3), Florida Statutes. 2 RESOLUTION 42017-108 Section 6. That City staffing positions and capital expenditures reflected and approved in the annual budget establish Commission consent over these areas and that all additions to these items shall be approved through Commission approval of an amendment to the approved budget. Section 7. That the City Commission reaffirms its annual goal to achieve and maintain a minimum available Unassigned Fund Balance equal to at least twenty five percent (25%) of the annual expenditures in the approved General Fund budget. Section 8. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 9. That this Resolution shall take effect and be in force immediately upon its passage and adoption. PASSED AND ADOPTED on September 13, 2017. ATTEST: AWS Fi�rc' LOUISE STILSON, CMC , ARA JAMES CITY CLERK YOR �y ATED �� APPROVED AS TO OR D CORRECTNESS: THOMAS J. A S O CITY ATTO EY 3 RESOLUTION#2017-108 EXHIBIT A City-wide All Funds Summary 2018 2015 2016 2017 Manager Actual Actual Budget Recommended Revenues / Resources General Fund $ 44,743,570 $ 48,468,164 $ 49,834,951 $ 53,279,940 Water Fund 5,619,733 5,601,591 6,626,159 6,274,518 Sewer Fund 6,670,364 6,698,407 9,420,158 6,592,257 Stormwater Fund 2,042,108 1,970,241 9,544,062 3,234,255 Marina Fund 775,742 869,565 876,705 1,032,180 Building Fund 2,687,323 2,143,961 3,550,616 3,082,113 Parking Fund 1,644,600 1,685,067 1,540,432 1,677,263 Pier Fund 463,542 476,755 503,963 532,675 Debt Service Fund ----------------- funded by transfers from other City funds -------------- Total Revenue $ 64,646,981 $ 67,913,751 $ 81,897,046 $ 75,705,201 Expenses / Expenditures General Fund $ 41,934,128 $ 46,681,208 $ 49,834,951 $ 53,279,940 Water Fund 5,492,304 5,558,780 6,626,159 6,274,518 Sewer Fund 4,519,412 5,438,993 9,420,158 6,592,257 Stormwater Fund 1,311,626 1,502,376 9,544,062 3,234,255 Marina Fund 825,522 934,948 876,705 1,032,180 Building Fund 2,182,176 2,531,465 3,550,616 3,082,113 Parking Fund 1,199,361 1,200,592 1,540,432 1,677,263 Pier Fund 473,553 521,432 503,963 532,675 Total Expenses $ 57,938,081 $ 64,369,794 $ 81,897,046 $ 75,705,201 Net Surplus (Deficit) $ 6,708,900 $ 3,543,957 - -