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CAS51;LB1;RRI' CITY COMMISSION Minutes of September 2G, 2011- Regular Meeting Page 7 of 11 2306. Public Hearing: Mayor Glancy opened the public hearing relative to Resolution 11-2306 to hear and consider comments and questions regarding the City's final millage rate for the coming fiscal year. The following individual came forward: 1. Mr. John Casselberty, 700 South Lost Lalce Lane, recommended consideration of a penny sales tax instead of ad valorem millage for provision of local selviees. No one else came forward. Mayor Glancy closed the public hearing relative to Resolution 11-2306. MOTION: Vice Mayor Miller moved to approve Resolution 11-2306, as presented. Motion was seconded by Commissioner Doerner. Motion carried unanimously by voice vote 5 - 0. Mayor Glancy announced the City of Casselberty had adopted a property tax rate of 5.4500 mills as the final operating millage rate for Fiscal Year 2011 - 2012. This rate is 6.85% lower than the rolled-back rate of 5.8509 Inills. B. Resolution 11-2307 -Adopted Operating Budget for Fiscal Year 2011 - 2012 The City Cleric read Resolution 11-2307 by title as follows; "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, ADOPTING THE FINAL OPERATING BUDGET FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2011 AND ENDING ON SEPTERMBER 30, 2012; PROVIDING FOR CONFLICTS, SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE." Notice of Public Hearing: The Notice of Public Hearing relative to Resolution 11-2307 and sulnmaty budget were published in the Orlando Sentinel on September 22, 2011, in accordance with the "Truth in Millage" (TRIM) legislation. Staff Presentation: Ml•. Randy Newlon, Finance Director, gave a presentation peI•taining to both the final operating millage rate and the final budget for Fiscal Year 2011-2012. A copy of the presentation is attached to and made a part of these minutes. The City Commission held a public hearing and approved the tentative operating budget on September 12, 2011. Budget Impact: The tentative budget for Fiscal Year 2011- 2012 for the City of Casselberty is $42,653,199. Schedules summarizing the sources and uses by fund, a reconciliation of the differences between the proposed budget and the tentative budget, and a summary of budgeted personnel by department are attached to and made a part of these minutes. Recommendation: The City Manager and the Finance Director recommended approval of Resolution 11- 2307.