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Res 45-12RESOLUTION NO. 45-12 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON ALL PROPERTIES WITHIN THE DOWNTOWN DEVELOPMENT AUTHORITY TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO APPROPRIATE SAID COLLECTIONS THEREUNDER. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That a tax of $1.0000 per one thousand dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Development Authority Taxing District of the City of Delray Beach for the fiscal year commencing October 1, 2012, and ending September 30, 2013. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Development Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Development Authority Taxing District, and also in addition, all revenues derived by said Taxing District during said fiscal year from all other sources other than the tax levy for current bond service and that part of collection of delinquent taxes levied for bond service. The assessed valuation on all taxable property for operating purposes within the Downtown Development Authority Taxing District of the City of Delray Beach is $520,595,770. The tentative operating millage rate of $1.000 per one thousand dollars ($1,000.00) is more than the rolled -back rate of $0.9848 per one thousand dollars ($1,000.00) by 1.54 %. Section 2. That the above tentative millage rate is adopted pursuant to Florida Statutes Section 200.065(2)(e)(2), and subject to adjustment in accordance with Section 200.065(5) of the Florida Statutes which provides that each affected taxing authority, other than municipalities, counties, school boards, and water management districts, may adjust its adopted millage rate if the taxable value within the jurisdiction of the taxing authority as certified pursuant to Section 200.065(1) is at variance by more than three percent (3%o) with the taxable value shown on the assessment roll to be extended. Section 3. That a public hearing was held on the proposed budget on September 4, 2012. 2012. ATTEST: City Clerk PASSED AND ADOPTED in regular session on this the 4th dap of September, )'(D-SOA Q L MAYOR 0) RES. NO. 45-12 Downtown Development Authority Interim Income & Expenditure at 5/31/12 Plus approved Approved Revenue & Expenses Actual for year Budget Actual to date budget 2012/2013 Estimated 4 mnths to 9/30/12 Estimated Total at 9/30/12 Approved Budget Revenues 2010 -11 2011 -12 2011 -12 2011 -12 2011 -12 1 2012 -13 1 jAd Valorem Taxes 449,112 477,520 470,471 17,049 487,520 494,566 2 Interest earned 1,576 2,000 245 1,755 22,50 4,200 3,300 2,000 2,000 KA-Eketiftg, - - 39 69A 7,500 4 Misc. Income - Not Marketing 13,300 -5 Guide Book Income 18,150 18,150 20,000 6 1Howard Alan - Legacy Partner 33,000 33,000 30,000 3,000 33,000 33,000 7 Other Legacy Partners 8 Total Revenues 30,000 519,988 512,520 533,256 47,604 580,860 579,566 11 Expenditures 12 ;DDAPayroll 138,204 142,000 94,666 47,334 142,000 171,260 13 Contracted admin help 5,334 7,500 3,518 1,900 5,418 7,500 14 P/R taxes,SUTA,FUTA 11,375 11,245 7,827 3,638 11,465 14,004 15 Health Insurance 9,590 12,060 8,389 3,808 12,197 _ 11,097 16 Worker's Comp, Ins 0 893 893 0 893 900 17 Retirement Sub Total Payroll Expenses External Audit Fees 9,940 6,627 3,313 9,940 10,238 164,503 183,638 121,920 59,993 181,913 214,999 217 6,800 6,800 _ _ 6,800 2,476 0 1,231 6,800 _ 3,707 6,800 22 Bookkeeping & Payroll Svcs 3,108 3,707 3,750 23 Dues, Subscriptions 2,283 2,225 3,010 391 3,401 3,500 24 Liability Ins +Office Contents 6,475 5,582 6,634 0 _ 6,634 6,634 25 1Property Appraiser Fee 3,742 3,780 2,474 906 3,380 4,113 26 Conferences Travel Meetings 9,190 8,000 6,896 4,317 11,213 10,000 27 Legal Fees Sub Total Operational Expenses 31 Car allowance 593 5,000 350 350 5,000 32,191 35,094 28,640 6,845 35,485 39,797 2,640 2,640 1,760 880 2,640 3,600 32 jPhones 5,029 5,460 3,637 1,363 5,000 5,800 33 Office Supplies & repairs etc 6,757 5,000 2,692 908 3,600 5,000 34 Postages & Printing 1,213 1,500 756 744 1,500 1,500 35 Office rental 36 Sub Total Office Expenses 37 Total Office /Administrative Marketing /Promoting 41 IDMC Events 13,700 14,400 9,600 4,800 14,400 14,400 29,339 29,000 18,445 8,695 27,140 30,300 226,033 247,732 169,005. 75,533 244,538 285,096 67,000 50,000 50,000 0 50,000 40,000 42 Downtown Guide Book 1,015 1,500 18,960 0 18,960 20,000 43 Pineapple Grove 4,000 5,000 46 4,954 5,000 5,000 44 West Atlantic 4,857 5,000 5_,000 5,000 5,000 45 Retail Promotions 9,127 10,000 8,228 0 _ 8,228 1 215,831 10,000 132,900 46 *Total Marketing /Advertising 47 Total Marketing /Promotion 187,625 145,450 1 184,958 30,873 273,624 1 216,950 262,192 40,827 303,019 212,900 50 Total Economic Development 60 Total Place Making Clean & Safe -- I 27,323 44,550 J 31,942 31,942 35,000 I 45,000 i 70 Total Revenues 519,988 512,520 533,256 47,604 580,860 579,566 71 Less Total Expenses 526,980 509,232 463,139 116,360 579,499 577,996 72 (Over) /under spent for period (6,992) 3,288 70,117 (68,756) 1,361 1,570 Coversheet MEMORANDUM TO: Mayor and City Commissioners FROM: Lisa M. Herrmann, Budget Officer THROUGH: David T. Harden, City Manager DATE: August 28, 2012 Page 1 of 1 SUBJECT: AGENDA ITEM 10.B. -REGULAR COMMISSION MEETING OF SEPTEMBER 4.2012 RESOLUTION NO. 45-12 (TENTATIVE MILLAGE LEVY/DDA) ITEM BEFORE COMMISSION Resolution No. 45 -12 tentatively levies a tax in the amount of 1.0 mill on all properties within the Downtown Development Authority Taxing District of the City of Delray Beach for FY 2013. BACKGROUND The proposed millage rate of 1.0 for the DDA is the same as FY 2012 and is greater than the rolled back rate (0.9848) by 1.54 %. The assessed valuation on all taxable property for operating purposes with the Downtown Development Authority Taxing District of the City of Delray Beach is $502,595,770. A copy of the proposed DDA budget for FY 2013 is attached. Final adoption of the DDA tax levy for FY 2013 is scheduled for September 20, 2012. RECOMMENDATION Recommend approval of Resolution No. 45 -12 - Tentative DDA Millage Rate for FY 2013. http: // itwebapp/ AgendalntranetBluesheet .aspx ?ItemID= 5955 &MeetingID =387 9/6/2012 RESOLUTION NO. =15 -12 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON ALL PROPERTIES WITHIN THE DOWNTOWN DEVELOPMENT AUTHORITY TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO APPROPRIATE SAID COLLECTIONS THEREUNDER. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That a tax of $1.0000 per one thousand dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Development Authority Taxing District of the City of Delray Beach for the fiscal year commencing October 1, 2012, and ending September 30, 2013. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Development Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Development Authority Taxing District, and also in addition, all revenues derived by said Taxing District during said fiscal year from all other sources other than the tax levy for current bond service and that part of collection of delinquent taxes levied for bond service. The assessed valuation on all taxable property for operating purposes within the Downtown Development Authority Taxing District of the City of Delray Beach is $502,595,770. The tentative operating millage rate of $1.000 per one thousand dollars ($1,000.00) is more than the rolled-back rate of $0.9848 per one thousand dollars ($1,000.00) by 1.54 %. Section 2. That the above tentative millage rate is adopted pursuant to Florida Statutes Section 200.065(2)(e)(2), and subject to adjustment in accordance with Section 200.065(5) of the Florida Statutes which provides that each affected taxing authority, other than municipalities, counties, school boards, and water management districts, may adjust its adopted millage rate if the taxable value within the jurisdiction of the taxing authority as certified pursuant to Section 200.065(1) is at variance by more than three percent (3 %) with the taxable value shown on the assessment roll to be extended. Section 3. That a public hearing was held on the proposed budget on September 4, 2012. PASSED AND ADOPTED in regular session on this the 4th day of September, 2012. MAYOR ATTEST: City Clerk RES. NO. 45-12 Downtown Development Authority Interim Income & Expenditure at 5/31/12 Plus approved Approved Revenue & Expenses Actual for year Budget Actual to date budget 2012/2013 Estimated 4 mnths to 9/30/12 Estimated Total at 9/30/12 Approved Budget Revenues 2010 -11 2011 -12 2011 -12 2011 -12 2011 -12 2012 -13 1 Ad Valorem Taxes 449,112 477,520 470,471 17,049 487,520 494,566 2 Interest earned 1,576 2,000 245 1,755 2,000 2,000 3 Sponsorship Income - Marketing 23,000 10,190 22,500 I 32,690 4 Misc. Income - Not Marketing 13,300 4,200 3,300 7,500 5 Guide Book Income 18,150 18,150 20,000 6 Howard Alan - Legacy Partner 33,000 33,000 30,000 3,000 33,000 33,000 7 Other Legacy Partners Total Revenues 30,000 8 519,988 512,520 533,256 1 47,604 580,860 579,566 I 11 Expenditures 12 IDDA Payroll 138,204 142,000 94,666 47,334 142,000 171,260 13 lContracted admin help 5,334 7,500 3,518 1,900 5,418 7,500 14 P/R taxes,SUTA,FUTA 11,375 11,245 7,827 3,638 11,465 14,004 15 Health Insurance 9,590 12,060 8,389 3,808 12,197 I 11,097 16 Worker's Comp, Ins 0 893 893 0 893 900 17 Retirement Sub Total Payroll Expenses 21 External Audit Fees 9,940 6,627 3,313 9,940 10,238 164,503 183,638 121,920 59,993 181,913 214,999 6,800 6,800 6,800 0 6,800 3,707 6,800 22 Bookkeeping & Payroll Svcs 3,108 3,707 2,476 1,231 3,750 23 Dues, Subscriptions 2,283 2,225 3,010 391 3,401 3,500 24 Liability Ins +Office Contents 6,475 5,582 6,634 0 6,634 6,634 25 Property Appraiser Fee 3,742 3,780 2,474 906 3,380 4,113 26 Conferences Travel Meetings 9,190 8,000 6,896 4,317 11,213 10,000 27 Legal Fees Sub Total Operational Expenses 31 lCarallowance 593 5,000 350 350 5,000 32,191 35,094 28,640 6,845 35,485 39,797 2,640 2,640 1,760 I 880 2,640 3,600 32 lPhones 5,029 5,460 3,637 1,363 5,000 5,800 33 Office Supplies & repairs etc 6,757 5,000 2,692 908 3,600 5,000 34 Postages & Printing 1,213 1,500 756 744 1,500 1,500 35 Office rental 36 Sub Total Office Expenses 37 Total Office /Administrative Marketing /Promoting 41 DMC Events 13,700 14,400 9,600 4,800 14,400 14,400 29,339 29,000 18,445 8,695 27,140 30,300 226,033 247,732 169,005 75,533 244,538 285,096 67,000 50,000 50,000 0 50,000 40,000 42 Downtown Guide Book 1,015 1,500 18,960 0 18,960 20,000 43 Pineapple Grove 4,000 5,000 46 4,954 5,000 5,000 44 West Atlantic 4,857 5,000 5,000 5,000 5,000 45 Retail Promotions 9,127 10,000 8,228 0 8,228 10,000 46 *Total Marketing/ Advertising 47 Total Marketing/Promotion 187,625 145,450 184,958 30,873 215,831 132,900 273,624 216,950 262,192 40,827 303,019 212,900 50 Total Economic Development 60 Total Place Making Clean & Safe 27,323 44,550 31,942 31,942 35,000 I 45,000 I 70 Total Revenues 519,988 512,520 533,256 47,604 580,860 579,566 71 Less Total Expenses 526,980 509,232 463,139 116,360 579,499 577,996 F72 (Over) /under spent for period (6,992) 3,288 70,117 (68,756) 1,361 1,570 THEE?gBHp5,: AiW AiYSti'_ f.:` ;:Tt1ESF�aYAl1G'Ctf�g2012:::::;