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CASSELBERRY CITY COMMISSION Minutes of September 25, 2017 — Regular Meeting Page 9 of 15 "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, ADOPTING THE FINAL MILLAGE RATE FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30,2018; ANNOUNCING THE ROLLED -BACK MILLAGE RATE; THE PERCENTAGE BY WHICH THE MILLAGE EXCEEDS THE ROLLED - BACK RATE AND THE FINAL MILLAGE RATE TO BE LEVIED; PROVIDING FOR CONFLICTS, SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE." Notice of Public Hearing: The Notice of Public Hearing relative to Resolution 17-2989 was published in the Orlando Sentinel on Thursday, September 21, 2017 in compliance with State "Truth in Millage" (TRIM) legislation and the rules of the Florida Department of Revenue. Staff Presentation: Finance Director Rebecca Bowman gave a brief presentation pertaining to both the final millage rate and the final operating budget for Fiscal Year 2017-2018. She advised that the City Commission held a public hearing and approved the tentative millage rate of 3.1201 mills on September 18, 2017. She further stated that the Commission was being asked to adopt a final millage rate of 3.1201 mills for Fiscal Year 2017-2018, which would result in $3,898,915 in ad valorem tax revenue for Fiscal Year 2017-2018. She added that this rate was 5.71% above the rolled -back rate of 2.9515 mills and would result in a TIF (Tax hrcrement Funding) payment from the City to the CRA (Community Redevelopment Agency) of $173,977. Ms. Bowman advised that the proposed budget presented at the first public hearing was $51,839,075 and that no modifications to the budget had occurred since the public hearing; therefore, the final budget being presented for consideration at the second and final public hearing was $51,839,075. She further advised that the most significant increases to the various funds were as follows: Water and Sewer Fund $ 1,512,007 Renewal & Replacement Fund $ 2,897,050 Ms. Bowman then gave a brief overview of the projects and proposed expenditures which resulted in the various fund increases and decreases, and additional details as to the proposed revenues and expenditures contained in the budget, noting that adoption of the proposed budget of $51,839.075 would result in an increase of $4,863,259 or a 10.4% increase over Fiscal Year 2016-2017. In response to questions from Commissioner Hufford, Mr. Newlon and Ms. Bowman explained that the expenditures incurred relating to Hurricane Irma had not been included in the proposed budget, but that the City anticipated significant reimbursements from FEMA (Federal Emergency Management Agency) and there were also proposed projects included in the budget which could possibly be deferred to help offset those expenditures. Mr. Newlon announced that the final operating millage rate for Fiscal Year 2017-2018 was proposed to be set at 3.1201 mills, which was 5.71% above the rolled -back rate of 2.9515 mills. Public Hearing: Mayor Glancy stated this was a public hearing to hear and consider comments and questions regarding the City's final millage rate for the coming fiscal year. Mayor Glancy opened the floor for public participation. The following individual came forward: Mr. John Casselberry, 700 South Lost Lake Lane, inquired whether the proposed millage would include the County Fire Department millage and Mayor Glancy advised that Finance