Res 59-05
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I RESOLUTION NO. 59-05
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELRA Y BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO TENTATIVELY LEVY A TAX FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDED
INDEBTEDNESS, AND TO ALLOCATE AND APPROPRIATE
i SAID COLLECTIONS THEREUNDER.
I NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $7.45 per one thousand dollars ($1,000.00) of assessed
valuation is hereby tentatively levied on all taxable property within the City of Delray Beach for the
fiscal year commencing October 1, 2005, and ending September 30, 2006. There shall be and hereby
is appropriated for the General Fund operations of the City revenue derived from said tax for
operating and maintenance expenses of the General Fund, and also in addition, all revenues derived
by said City 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 City of Delray Beach is
$6,459,454,317. The tentative operating millage rate of $7.45 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $6.3686 per one thousand dollars ($1,000.00) by 17.13%.
Section 2. That the amount of money necessary to be raised for interest charges
and bond redemption which constitutes a general obligation bonded indebtedness of the City of
Delray Beach is $3,375,614. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.55 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2005,
and ending September 30, 2006, upon the taxable property of the City of Delray Beach, the assessed
valuation being $6,460,504,460.
Section 3. That the above tentative millage rates are adopted subject to adjustment
in accordance with Section 200.065(5) of the Honda Statutes which provides that a munic1pality 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 one percent (1%) Wlth the
taxable value shown on the assessment roll to be extended.
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Section 4. That a public hearing was held on the proposed budget on September 6,
2005.
PASSED AND ADOPTED in regular session on this the 6th day of September,
2005.
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ATTEST:
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City Clerk
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2 RES. NO.59-0S
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER tlJV1
SUBJECT: AGENDA ITEM # \ a A REGULAR MEETING OF SEPTEMBER 6.2005
RESOLUTION NO. 59-05 (TENTATIVE MILLAGE LEVY FOR FY 2006)
DATE: SEPTEMBER 2, 2005
Resolution No. 59-05 tentatively levies a tax on all properties in the City of Delray Beach for FY 2006.
The proposed millage rate for FY 2006 is 8.00 mills. Resolution No. 59-05 will set the tentative
millage, which can still be reduced at the second budget hearing on September 20th when our final
millage will be adopted.
The rate of 8.00 mills is the same as FY 2005. Operating millage is 7.45, while debt service
millage remains at 0.55. The rolled back rate calculated under the TRIM law for operating
purposes is 6.3686 mills. The tentative millage rate at 8.00 mills would be 16.98% above the
rolled back rate. At 7.9 mills it would be 15.57% above roll back.
The assessed valuation on all taxable property within the City for operating purposes lS
$6,459,454,317. The assessed valuation for debt servlce lS $6,460,504,460. The reason for the
differential is the exemptions that were granted to historic properties in the City. They apply to
operating millage only.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to the
adoption of the resolution.
Final adoption of the FY 2006 budget is scheduled for September 20, 2005.
Recommend determine the millage rate to insert in Section 1, and approve Resolution No.59-05.
S:\City Clerk\agenda memos\Res. 59-05 Tentative Millage Levy FY 2006
RESOLUTION NO. 59-05
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEA.CH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELRA Y BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO TENTATIVELY LEVY A TAX FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDED
INDEBTEDNESS, AND TO ALLOCATE AND 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 per one thousand dollars ($1,000.00) of assessed
valuation is hereby tentatively levied on all taxable property within the City of Delray Beach for the
fiscal year commencing October 1, 2005, and ending September 30, 2006. There shall be and hereby
is appropnated for the General Fund operations of the Clty revenue derived from said tax for
operating and maintenance expenses of the General Fund, and also ill addition, all revenues derived
by said City 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 Clty of Delray Beach is
$6,459,454,317. The tentative operating millage rate of per one thousand dollars
($1,000.00) exceeds the rolled-back rate of $6.3686 per one thousand dollars ($1,000.00) by 15.57%.
Section 2. That the amount of money necessary to be raised for interest charges
and bond redemption which constitutes a general obligation bonded indebtedness of the City of
Delray Beach is $3,375,614. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.55 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2005,
and endmg September 30, 2006, upon the taxable property of the City of Delray Beach, the assessed
valuation being $6,460,504,460.
Section 3. That the above tentative millage rates are adopted subject to adjustment
in accordance with Section 200.065(5) of the Florida Statutes which provides that a muruclpality may
adjust its adopted millage rate if the taxable value wlthm the jurisdiction of the taxing authority as
certified pursuant to Section 200.065(1) is at variance by more than one percent (1%) with the
taxable value shown on the assessment roll to be extended.
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Section 4. That a public hearing was held on the proposed budget on September 6,
2005.
PASSED AND ADOPTED in regular session on this the 6th day of September,
2005.
MAYOR
ATTEST:
City Clerk
2 RES. NO.59-0S
NOTICE OF PUBLIC HEARING
. ? TENTATIVE BUDGET AND PROPOSED MILLAGE RATE
CITY OF DELRA Y BEACH
OCTOBER 1, 2005 - SEPTEMBER 30, 2006
The Crty of Delray Beach, Flonda Will be holding a Public Hearing on the Proposed Budget for 2005-2006 onTuesdav, September 6,2005
at 7:00 PM In the Commission Chambers at City Hall, 100 N W. 1st Avenue. All citizens are invited to attend the heanng and may make
wntten ór oral comments or ask questions regarding the budget
Exhibit A
Budget Summary
DOWNTOWN SPECIAL
GENERAL DEVELOPMENT ENTERPRISE R~ENUE
FUND FUND FUNDS FUNDS TOTAL
CASH BALANCES BROUGHT FORWARD 486,100 12,760 1,609,550 63,810 2,172,220
ESTIMATED REVENUES. 0 0
TMES Millages 0 0
AD VAlOREM TAXES 7.35 45,103,140 0 0 45,103,140
AD VAlOREM TAXES 055 3,375,620 0 0 3,375,620
C"') AD VALOREM-DELINQUENT 72,000 0 0 72,000
,...
U) AD VAlOREM - DDA 100 366,930 0 0 366,930
0 Sales & Use Taxes 1,882,000 0 0 1,882,000
0
N
Lñ Franchise Taxes 3,932,250 0 0 3.932,250
N
1;; Utility Taxes 4,191,000 0 0 4,191,000
=>
co Other Taxes 3.650,000 0 0 3,650,000
=>
<C Licenses & Permits 3,515,950 0 0 3,515,950
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'" Intergovernmental 7,527,020 582,180 1,970,110 10,079,310
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5 Charges for Services 6,193,300 36,614,970 0 42,808,270
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I- fines & Forfeitures 1,019,800 0 1,061,600
I 41,800
'" MISCellaneous Revenues 4,215,610 30Q 276,900 118,000 4,610,810
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:z Other FinanCing Sources 3,228,690 6,444,540 1,282,070 10,955,300
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<> TOTAl REVENUES AND OTHER
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'" FINANCING SOURéES
CD 87,906,380 367,230 43,918,590 3,411,980 . 135,604,180
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e TOTAl ESTIMATED REVENUES
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0 AND BALANCES 88,392,480 379,990 45,528,140 3,475,790 137,n6,4oo
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. EXPENDITURE5lEXPENSES:
E General Government Services 9,037,400 0 0 9,037,400
0
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'" Public Safety 46,674,020 0 41,800 46,715,820
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'" Physical Environment 557,150 28,544,520 0 29,101,670
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<> Transportation 1,907,270 0 0 1,907,270
0
¡ Economic Environment 260,700 379,990 0 1,388,870 2,029,560
Human Services 124,300 0 795,550 919,850
Culture & Recreation 12.226,350 4,357,830 976,5§0 17,560,760
Debt Service 5,111,480 5,825,160 0 10,93?,640
Other Financing Uses 12,221,280 5,856,110 257,410 18,334,800
TOTAL EXPENDITURESJEXPENSES 88,119,950 379,990 44,583,620 3,460,210 136,543,nO
Reserves 272,530 0 944,520 15,580 1,232,630
TOTAL EXPENDITURES AND RESERVES 88,392,480 379,990 45,528,140 3,475,790 137,n6,400
THE TENTATIVE, ADOPTED AND/OR ANAl BUDGETS ARE ON FilE IN THE OFFICE OF THE ABOVE MENTIONED TAXING
AUTHORITY AS A PUBLIC RECORD.
The proposed budget may be mspected at the oftiĊ of the City CIef1( at City Hall, 100 N W 1st Avenue, Dekay Beach, Ronda 1rom 8:00 A.M to 5'00 P.M Monday Ihrough Fnday
except hofldays The CommlSSlOl1 wiß meet in the CommissIOn qm.bers at CIty Hal on the 6th day of September, 2005 at 7 00 P M. [or at any conbnuabon of such meeting
which is set by the CommissIOl1 at which time the resolutions WIll be æad by Idle only and al persons interested wi! be given an oppOlturlllyto be.heard Please be advised that
~ a pelSOn or persons deades to appeal any deåsion made by the CIty CommISSion wrth respect to any matter COI1SIdered at ttus meeting or heanng, such person wrlI need a
record of these proceedings, and for this purpose sucI] pen;ons may need 10 enstJre that a verbabm record of the proceedlllQs is made, wtuch record includes the tesbmony
and ev1dence upon wluch the appeal IS to be based. The CIty does not provide or prepare such record
CITY OF OElRAY BEACH
JANET WHIPPl£ .~
ACTING CITY ClERK
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PubIsh. Thursday, Augus125, 2005
Boca RaÏOnJDetray Beach News
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