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<br />CASSELBERRY CITY COMMISSION
<br />Minutes of September 11, 2006 - Executive Session & Regular Meeting
<br />Page 4 of 12
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<br />Public Hearing Notice: Florida Statutes require the City Commission to provide public notice of, and hold
<br />two public hearings in order to achieve total compliance with the Truth in Millage (TRIM) requirements.
<br />The document entitled, "Notice of Proposed Property Taxes" served as the first notice of public hearing for
<br />the proposed budget and tentative millage rate ofthe City of Casselberry for Fiscal Year 2006 - 2007. The
<br />document was mailed from the Office of the Seminole County Property Appraiser to each property owner
<br />within the City on August 18, 2006.
<br />
<br />Staff Presentation: Mr. Miller and Mr. Dreier gave a brief overview of the proposed budget. The proposed
<br />expenditures in the tentative budget are as follows: General Fund - $24,699,903, Other Governmental Funds-
<br />$14,214,284, and Enterprise Fund - $16,883,502. The proposed budget is based upon gross taxable value
<br />of real property value of $1,408,530,440. The following scrivener's error was noted: In the Section I of
<br />Resolution 06-1708, "September 30, 2006" has been corrected to "September 30, 2007". The following
<br />additional sentence was added at the end of Section I of Resolution 06-1708: "The City of Casselberry
<br />Proposed Budget is attached hereto as Exhibit A and the amendments and summary sheets are attached as
<br />Exhibit B."
<br />
<br />Budget Impact: The Fiscal Year 2007 City of Cassel berry budget totals $44,797,689 which is $11,536,937
<br />(26%) over last year's budget. Personnel costs increased $1,354,255 (8%), operating costs increased
<br />$1,154,169 (9%), and capital improvement costs increased $9,028,513 (97%). On the revenue side of the
<br />$11,536,937 increase in the budget, $9,269,530 is from debt issuance proceeds, and an increase of all other
<br />revenues of$4,268,722 is netted with a decrease of use of Fund Balance of $2,00 I ,316 for the remainder of
<br />the increase.
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<br />Recommendation: The City Manager and the Finance Director recommended adoption of Resolution 06-
<br />1708, as corrected, establishing the tentative budget for Fiscal Year 2006 - 2007.
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<br />Public Hearing: Mayor Goff announced a public hearing was being conducted to hear and consider
<br />comments and questions regarding the City's proposed budget for the coming Fiscal Year 2006-2007. Mayor
<br />Goff opened the floor for public participation. The following individuals came forward:
<br />
<br />I) John Casselberry, 700 South Lost Lake Lane, requested a clarification regarding the
<br />rolled-back rate. Mr. Dreier stated the rolled-back rate is the millage rate that would equal
<br />the amount of taxes collected in the previous year.
<br />
<br />2) Craig Tull, 420 Ranch Trail, inquired if the City was anticipating any revenue from the
<br />proposed parking regulations' fines. Mr. Miller stated it was not part of the revenue
<br />projections because those regulations have not been adopted yet.
<br />
<br />No one else came forward. Mayor Goff closed the floor for public participation and opened the hearing to
<br />consider City Commission comments and questions regarding the budget. There was no discussion by the
<br />City Commission on the matter.
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<br />MOTION:
<br />
<br />Vice Mayor Hart moved to adopt Resolution 06-1708,
<br />establishing the tentative budget for Fiscal Year 2006-
<br />2007, as corrected. Motion was seconded by
<br />Commissioner Doerner. Motion carried unanimously
<br />5 - 0 by voice vote.
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