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HomeMy WebLinkAboutR-2023-101 Approving Tentative Annual Budget for FY2023-2024RESOLUTION NO.2023- 1 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 2023-2024; 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 forthin it an estimate of the expenditures and revenues of the City for the ensuing year, beginning October 1, 2023 and ending September 30, 2024, 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, 2023, and ending September 30, 2024, 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, 2023 and ending September 30, 2024. 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 2023-2024 budget is automatically amended to reappropriate open 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 2023-2024 such appropriations having been previously approved by the City Commission. Section 4. Contingency Funds: That department heads or their designee shall only be allowed to transfer funds from their designated contingency accounts below an aggregate amount of Fifty Thousand Dollars ($50,000.00) per fund with City Manager approval. Aggregate amounts above the Fifty Thousand Dollars ($50,000.00) threshold per fund that are requested to be transferred from Contingency must be approved by the City Commission. Section 5. Reserve Funds: That individual disbursements of fund balance reserves below Twenty -Five Thousand Dollars ($25,000.00) may be authorized by the City Manager from time to time for a single purpose/initiative, until the aggregate total. of all such disbursements has exceeded One Hundred Thousand Dollars ($100,000.00) within a single fiscal year, upon which all disbursements, regardless of amount, shall be authorized by a resolution of the City Commission. d 2 RESOLUTION #2023- 1 U, I Section 6. That the City Commission of the City of Dania Beach will meet at 100 West Dania Beach Boulevard on September 20, 2023, at 5:05 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. Section 7. 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 8. That the City shall maintain a General Fund Unassigned Fund Balance of at least Twenty -Five Percent (25%) of the total dollar amount of budgeted annual operating expenditures in the approved General Fund budget and a Disaster Emergency Fund Balance to be utilized for unforeseen disasters or other emergencies as deemed by the City Commission at a minimum of Twenty Percent (20%) of the total dollar amount of the General Fund reserve balance, across all fund balance designations. Section 9. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 10. That this Resolution shall become effective upon its passage and adoption. PASSED AND ADOPTED on �C MVk r) , 2023. Motion bAk (c NWxy L�vq NI second by i`1 n S_r>tti 6 `S&�Vli' i€ FINAL VOTE ON ADOPTION: Commissioner Joyce Davis 4e .} Commissioner Tamara James Commissioner Marco Salvino:_. Vice Mayor Lori Lewellen Mayor Archibald J. Ryan IV 3 RESOLUTION #2023- 1 ATTEST: ;J ELORA RIkRk, MMC RCHIBAL J. 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