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CASSELBERRY CITY COMMISSION Minutes of July 25, 2011- Regular Meeting Page 3 of 18 B. Tentative Tax Rate for Fiscal Year 2011/2012 Introduction: Consideration to set the tentative millage 1•ate for Fiscal Yeal• 2011 /2012 (FY 2012) at 5.4500 mills is requested. Budget Impact: The millage rate of 5.4500 will produce a tax levy of $5,853,665 in propel•ty taxes but will yield only $5,560,982 (95%) that will be collected by the City after early payer discounts and billing and collection costs. Recommendation: The City Manager and the Finance Director recommended approval of setting the tentative tax millage rate for FY 2011/2012 as required by the "TRIM" legislation at 5.4500 mills. C. Resolution 11-2286 -Medical Transport Fees Rate Structure "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, SETTING THE RATE STRUCTURE AND TRANSPORT FEES IN ACCORDANCE WITH CODE SECTION 42-97©; PROVIDING FOR CONFLICTS, SEVERABILITV AND AN EFFECTNE DATE." Introduction: Resolution 11-2286 provides for establishment of new medical transportation service fees to supersede rates that are presently imposed. Budget Impact: Collected transport fees are recognized as revenue in the General Fund. Approval of Resolution I 1-2286 and the new rate structure would make for little increase in budgeted revenue for FY 2011, with two months remaining in the fiscal year. Recommendation: The City Manager and the Finance Director recommended approval of Resolution 11- 2286. D. Bud>;et Amendment #11-039 - Reduction of Special Assessment Balances for Years 1976 - 1990 Introduction: Budget Amendment # 11-039 provides to reduce special assessment balances for years 1976 = 1990 currently carried in the general ledger for the City. In the past the City enacted special assessments on residential parcels to pay for paving, drainage, sewer and sidewalk improvements. Resolutions were passed to authorize the assessments and liens were recorded against the properties to secure them. The City Attorney's Office has advised that lien rights held by the City have lapsed after twenty years, therefore making collection highly unlikely. The unpaid balance of the 13 open accounts is $250,868, of which $216,095 represents accumulated interest and $34,743 is from the original assessments. $137,581 of the balance resides in the General Fund and the remaining $113,257 is held separately in a dedicated debt service fund. Budget Impact: Budget Amendment #11-039 charges $137,581 to Bad Debt Expense in the General Fund and $113,257 to Bad Debt Expense in the NW Area Special Assessment Fund.