CC Minutes 09/08/2008 - Laserfiche WebLink

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CASSELBERRY CITY COMMISSION Minutes of September 8, 2008 • Regular Meeting Page 11 of 17 2008 at 7:00 p.m. in the City Hall Commission Chambers located at 95 Triplet Lake Drive. At the conclusion of that hearing, the City Commission intends to adopt a final millage rate for Fiscal Year 2008 - 2009. All interested parties are invited to attend. B. Public Hearing - Resolution 08-1928 - Tentative Operating Budget for Fiscal Year 2008-2009 The City Clerk read Resolution 08-1928 by title as follows: "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA ADOPTING THE TENTATIVE OPERATING BUDGET FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2008 AND ENDING ON SEPTEMBER 30, 2009; PROVIDING FOR CONFLICTS, SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE." Notice of Public Hearing: This public hearing was advertised within the 2008 Notice of Proposed Property Taxes (TRIM Notice) mailed to all taxpayers by the Seminole County Property Appraiser on August 18, 2008. Staff Presentation: Mr. Randy Newlon, Finance Director, gave an overview of the tentative operating budget earlier in conjunction with the tentative operating millage rate public hearing. Florida Statutes require that the City Commission hold two public hearings in order to adopt a millage rate and an operating budget for the next fiscal year. The City Commission held Budget Workshops on July 15 and July 16, 2008 and discussed the proposed budget of $47,490,263. Since that time, new information was learned that warranted modification to the proposed budget, resulting in a reduction of $1,147,279. The change by fund is as follows: General Fund $ 20,438 Increase Building Fund $ 53,026 Increase CRA $(225,000) Decrease Debt Service Fund $ ( 98,425) Decrease Water & Sewer Utility $(897,318) Decrease The most significant changes noted were: General Fund and Building Fund: The budget for ad valorem tax was increased $101,225 as the result of the adoption of a proposed millage rate that was higher than the millage used as the basis for the proposed budget. Also, I twas determined that it was appropriate to charge overhead to the new Building Fund and an interfund transfer was established transferring $53,026 back to the General Fund. However, mitigating these additions to General Fund revenue was news that the State of Florida revised down its estimates for Revenue Sharing. Casselberry's estimate for conventional Revenue Sharing was decreased $28,202 and the estimate for the Half -Cent Sales Tax decreased $83,639. With the retirement of Police Chief John Pavlis effective September 30, 2008, the Police Department is being reorganized to reflect the elimination of one Deputy Chief position, with other supervisory and administrative