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HomeMy WebLinkAboutR-2024-130 Approving Tentative Annual Budget for FY2024-2025REsoLUrloN No. 2024- I 10 A RESOLUTION OF TTIE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AS REQUIRED BY THE CITY CHARTER AND SECTION 200.065, FLORIDA STATUTES, APPROVING A TENTATME ANNUAI BUDGET FOR THE CITY FOR THE FISCAL YEAR 2024-2025; 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 EFFECTI\E 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,theCityManageroftheCityofDaniaBeach,Florida,haspreparedand 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, 2024 arrd ending Septemb er 30, 2025, with a copy of the report and estimate being on file in the offrce 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 Govemment 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 WIIEREAS, 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 ofthe city and has appropriated the amounts to the various departments ofthe City considering the applicable funds on hand and the estimated departrnental revenues. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Sectionl.ThatatentativebudgetfortheCityofDaniaBeach,Florida,forthefiscal yearbeginningoctoberl,2o24,andendingSeptember30,2025,isadopted(subjecttothe 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 govemment of the ciry of Dania Beach, Florida, and for the purpose ofpaying debt service requirements, ifany, ofthe City for the fiscal year beginning October 1,2024 arld ending September 30' 2025 ' 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 2024-2025 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 fimd capital projects reserved or unexpended from prior years including Fiscal Year 2024-2025 such appropriations having been previously approved by the City Commission. section 4, contingency Funds: That deparfment 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 \ieith city Manager approval. Aggregate amounts above the Fifty Thousand Dollars ($50,000.00) threshold per firnd 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 aggegate 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 2 RESOLUTION #20 '4-Ih Section6.ThattheCityCommissionoftheCiryofDaniaBeachwillmeetatl00 WestDaniaBeachBoulevardonSeptember24,2)24,atT:00p'mforthepurposeoffinalizing the budget and answering questions conceming it' The City Manager shall speciff 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 2OO.065(2) (d) and Section 200.065(3), Florida Statutes' SectionT.ThatCitystaffingpositionsandcapitalexpendituresreflectedand 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 ciry 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. IZ 2024 Motion by Commissioner Joyce L. Davis Commissioner Tamara James Commissioner Marco Salvino Vice Mayor Lori Lewellen Mayor Archibald J. RYan IV seco Unanimous Yes No nd by { 3 RESOLUTION #20 24-Irc PASSED AND ADOPTED ON FINAI VOTE ON ADOPTION: ATTEST: ELORA CITY CLERK APPROVED AS TO FORM AND CORRECTNESS: E BO IS Y ARCHIB MAYOR IV 4 RESOLUTION #20 '4. \hO