Laserfiche WebLink
CASSGLBCRRY CITY COMMISSION <br />Minutes of February 26, 2025 — Pre -Budget Planning workshop <br />Page 2 of 12 <br />3. ROLL CALL <br />The City Cleric called the roll of Elected Officials. All were present. <br />4. DISCUSSION ITEMS <br />A. Financial Status and General Fund Forecast <br />Presentation: City Manager Randy Newlon gave a presentation documenting the City's current financial <br />status and General Fund l 0 -year forecast which included the following components: <br />Analysis of Major Fund Balances <br />o General Fund (Fund 001) <br />o Recreation Impact Fees (Fund 103) <br />o Local Option Gas Tax (Fund 109) <br />o Stormwater Utility (Fund 1 10) <br />o Multimodal Impact Fees (Fund I 1 l ) <br />o Community Redevelopment Agency (Fund 113) <br />o Infrastructure Surtax (Fund 1 14) <br />o Tree Replacement (Fund 115) <br />o Solid Waste (Fund 118) <br />o Building Safety (Fund 119) <br />o Water & Sewer (Funds 401 & 402) <br />o Utility Capital Improvement (Fund 403) <br />o Casselberry Golf Club (Fund 405) <br />General Fund Analysis and Projections <br />o Assumptions for Projections <br />o Projected Millage Rates (2025-2034) <br />o Projected Ad Valorem Tax Levy <br />o General Fund Forecast FY 2025-FY2029 <br />o General Fund Forecast FY 2030-FY2034 <br />o General Fund Forecast FY 2025-FY2034 <br />■ General Fund Unrestricted and Reserve FY 2025-2034 <br />o Commission Comment & Questions <br />Discussion: Discussion ensued which included: fund balances, stormwater fee collections and surpluses; <br />appropriation of CRA (Community Redevelopment Agency) funds, whether there are any pertinent deadlines, <br />and sunsetting of the CRA; Infrastructure surtax (31a & 4t11 Generation Sales Tax) and projects for which those <br />funds can be utilized; transportation and mobility projects; effect, if any, of the current Senate fluoride bill on <br />the City; the importance of keeping abreast of legislation affecting the City and of lobbying against bills that <br />would negatively impact cities; approximate expected revenues from the infrastructure surtax and the need to <br />maintain a balance for large projects and matching funds as needed; budgeting for additional staffing for the <br />new parks coming online; upcoming reorganization of the Public Works Department; utilization of the <br />current millage rate of 2.900 mills for the purpose of preparing the budget forecast and the likelihood that a <br />millage increase may be needed due to changes in the economy over the past few years and increased <br />