08-23-12 Workshop MeetingCITY COMMISSION CITY OF DELRAY BEACH, FLORIDA WORKSHOP MEETING -THURSDAY, AUGUST 23, 2012 8:00 A.M. DELRAY BEACH CITY HALL FIRST FLOOR CONFERENCE ROOM The City will furnish appropriate
auxiliary aids and services where necessary to afford an individual with a disability an equal opportunity to participate in and enjoy the benefits of a service, program, or activity
conducted by the City. Contact Doug Smith at 243-7010, 24 hours prior to the program or activity in order for the City to reasonably accommodate your request. Adaptive listening devices
are available for meetings in the Commission Chambers. WORKSHOP AGENDA 1. FY 2013 Budget Discussion 2. Commission Comments Please be advised that if a person decides to appeal any decision
made by the City Commission with respect to any matter considered at this meeting, such person will need to ensure that a verbatim record includes the testimony and evidence upon which
the appeal is based. The City neither provides nor prepares such record.
MEMORANDUM TO: Mayor and City Commissioners FROM: Douglas E. Smith, Acting City Manager DATE: August 17, 2012 SUBJECT: AGENDA ITEM WS.1 -WORKSHOP MEETING OF AUGUST 23, 2012 FY 2013 BUDGET
DISCUSSION ITEM BEFORE COMMISSION Information for the FY 2013 Budget Discussion will be provided next week.
Projected Revenues At proposed 2013 millage rate (7.1992) $93,643,140 Each 1/10th mil equals $590,760 Net to the City $501,080
Projected Expenses City Manager’s Budget Request $97,236,240 Projected Revenue $93,643,140 Balance needed at current millage $3,593,100
Options for Balancing FY 2013 Budget Funds Needed @proposed millage $3,593,100 Fund the increase in capital with prior year’s surplus $1,600,000 Balance needed $1,993,100 Options
are (1) additional budget cuts, (2) increase revenue, or (3) use more surplus.
Fire Service Fee Scenario Reduce millage from 7.1992 to 7.0 ($1,176,803) Reduces the CRA transfer 179,360 Net budget impact ($997,443) Adopt fire service fee with 5 year sunset
Residential flat fee $85 per unit Non-residential sliding scale, all > 40,000 sf pay same Assume 88% collection rate $2,990,543 Net available to balance budget $1,993,100
MEMORANDUM
TO:Mayor and City Commissioners
FROM:Douglas E. Smith, Acting City Manager
DATE:August 17, 2012
SUBJECT:AGENDA ITEM WS.1 - WORKSHOP MEETING OF AUGUST 23, 2012
FY 2013 BUDGET DISCUSSION
ITEM BEFORE COMMISSION
Information for the FY 2013 Budget Discussion will be provided next week.
Projected Revenues
At proposed 2013 millage rate (7.1992) $93,643,140
Each 1/10 th mil equals $590,760
Net to the City $501,080
Projected Expenses
City Manager’s Budget Request $97,236,240
Projected Revenue $93,643,140
Balance needed at current millage $3,593,100
Options for Balancing FY 2013
Budget
Funds Needed @ proposed millage $3,593,100
Fund the increase in capital with prior year’s
surplus $1,600,000
Balance needed $1,993,100
Options are (1) additional budget cuts,
(2) increase revenue, or (3) use more surplus.
Fire Service Fee Scenario
Reduce millage from 7.1992 to 7.0 ($1,176,803)
Reduces the CRA transfer 179,360
Net budget impact ($997,443)
Adopt fire service fee with 5 year sunset
Residential flat fee $85 per unit
Non -residential sliding scale, all > 40,000 sf pay same
Assume 88% collection rate $2,990,543
Net available to balance budget $1,993,100