Res 46-14 RESOLUTION NO. 46-14
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO 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. L That a tax of $7.1611 per one thousand dollars ($1,000.00) of assessed
valuation is hereby levied on all taxable property within the City of Delray Beach for the fiscal year
commencing October 1, 2014, and ending September 30, 2015. 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
$7,243,588,617. The operating millage rate of $7.1611 per one thousand dollars ($1,000.00) is
greater than the rolled-back rate of$6.6895 per one thousand dollars ($1,000.00) by 7.05%.
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 $2,084,614. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.3028 per one thousand dollars ($1,000.00) of assessed valuation,
which is hereby levied for that purpose for the fiscal year commencing October 1, 2014, and ending
September 30, 2015, upon the taxable property of the City of Delray Beach, the assessed valuation
being$7,245,5858,073.
Section 3. That the above millage rates are adopted subject to adjustment in
accordance with Section 200.065(5) of the Florida Statutes which provides that a municipality 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 (191o) with the
taxable value shown on the assessment roll to be extended.
Section 4. That public hearings were held on the budget on September 4, 2014 and
September 16, 2014.
PASSED AND ADOPTED in regular session on this the 16th day of September,
2014.
MAYOR
ATTEST:
clerl"
2 RE S.NO.46-14
Exhibit A(As Amended)
Budget Summary
MO W
_ DEVELOPMENT --
FUND FUND FUNDS FUNDS TOTAL
CASH BALANCES BROUGHT FORWARD 935,490 0 935,490
ESTIMATED REVENUES:
TAXES vi„ages
AD VALOREM TAXES 7.1611 49,278,460 0 0 0 49,278,460
AD VALOREM TAXES 0.3028 2,084,260 0 0 0 2,084,260
AD VALOREM-DELINQUENT 350,000 0 0 0 350,000
AD VALOREM-DDA 1.0000 0 612,748 0 0 612,748
Sales&Use Taxes 1,350,000 0 0 0 1,350,000
Utility Taxes 5,740,000 0 0 0 5,740,000
Other Taxes 4,079,000 0 0 0 4,079,000
Franchise, Licenses&Permits 9,659,280 0 1,800 0 9,661,080
Intergovernmental 7,760,970 0 67,750 864,900 8,693,620
Charges for Services 10,926,960 0 42,753,060 0 53,680,020
Fines&Forfeitures 908,500 0 0 114,250 1,022,750
Miscellaneous Revenues 7,626,140 61,000 250,840 183,990 8,121,970
Other Financing Sources 3,556 230 0 109,000 1,024,620 4,689,850
TOTAL REVENUES AND OTHER
FINANCING SOURCES 103,319,800 673,748 43,182,450 2,187,760 149,363,758
TOTAL ESTIMATED REVENUES
AND BALANCES 103,319,800 673,748 44,117,940 2,187,760 150,299,248
i
EXPFNDITU RESIEXPENSES:
General Government Services 10,443,130 0 0 0 10,443,130
Public Safety 59,290,330 0 0 114,250 59,404,580
Physical Environment 566,140 0 28,012,760 0 28,578,900
Transportation 3,571,030 0 0 0 3,571,030
Economic Environment 8,035,110 634,123 0 1,181,380 9,850,613
Human Services 59,750 0 0 0 59,750
Culture&Recreation 12,952,450 0 3,806,910 875,690 17,635,050
Debt Service 4,199,840 0 2,821,790 0 7,021,630
Other Financing Uses 2,320,520 0 6,368,120 0 _ 8,688,640
TOTAL Ex PENDITURES1ExPENSES 101,438,300 634,123 41,009,580 2,171,320 145,253,323
Reserves 1,881,500 39,625 3,108,360 16,440 5,045,925
TOTAL EXPENDITURES AND RESERVES 103,319,800 673,748 44,117,9440 2,187,760 150,299,248
i
I
I
BUDGET SUMMARY
CITY OF DELRAY BEACH, FLORIDA
FISCAL YEAR 2014-2015
DOWNTOWN SPECIAL
GENERAL DEVELOPMENT ENTERPRISE REVENUE
FUND FUND FUNDS FUNDS TOTAL
CASH BALANCES BROUGHT FORWARD 0 935,490 0 935,490
ESTIMATED REVENUES:
TAXES Millages
AD VALOREM TAXES 7.1611 49,278,460 0 0 0 49,278,460
AD VALOREM TAXES 0.3028 2,084,260 0 0 0 2,084,260
AD VALOREM-DELINQUENT 350,000 0 0 0 350,000
AD VALOREM-DDA 1.0000 0 612,748 0 0 612,748
Sales&Use Taxes 1,350,000 0 0 0 1,350,000
Utility Taxes 5,740,000 0 0 0 5,740,000
Other Taxes 4,079,000 0 0 0 4,079,000
Franchise, Licenses&Permits 9,659,280 0 1,800 0 9,661,080
Intergovernmental 7,760,970 0 67,750 864,900 8,693,620
Charges for Services 10,926,960 0 42,753,060 0 53,680,020
Fines&Forfeitures 908,500 0 0 114,250 1,022,750
Miscellaneous Revenues 7,626,140 61,000 250,840 183,990 8,121,970
Other Financing Sources 3,556,230 0 109,000 1,024,620 4,689,850
TOTAL REVENUES AND OTHER
FINANCING SOURCES 103,319,800 673,748 43,182,450 2,187,760 149,363,758
TOTAL ESTIMATED REVENUES
AND BALANCES 103,319,800 673,748 44,117,940 2,187,760 150,299,248
EXPENDITURES/EXPENSES:
General Government Services 10,443,130 0 0 0 10,443,130
Public Safety 59,290,330 0 0 114,250 59,404,580
Physical Environment 566,140 0 28,012,760 0 28,578,900
Transportation 3,571,030 0 0 0 3,571,030
Economic Environment 8,035,110 668,431 0 1,181,380 9,884,921
Human Services 59,750 0 0 0 59,750
Culture&Recreation 12,877,200 0 3,806,910 875,690 17,559,800
Debt Service 4,199,840 0 2,821,790 0 7,021,630
Other Financing Uses 2,320,520 0 6,368,120 0 8,688,640
TOTAL EXPENDITURES/EXPENSES 101,363,050 668,431 41,009,580 2,171,320 145,212,381
Reserves 1,956,750 5,317 3,108,360 16,440 5,086,867
TOTAL EXPENDITURES AND RESERVES 103,319,800 673,748 44,117,940 2,187,760 150,299,248
THE TENTATIVE,ADOPTED AND/OR FINAL BUDGETS ARE ON FILE IN THE OFFICE OF THE ABOVE MENTIONED TAXING
AUTHORITY AS A PUBLIC RECORD.
Publish: Thursday,September 11,2014
Sun-Sentinel
Coversheet Page 1 of 1
•
MEMORANDUM
TO: Mayor and City Commissioners
FROM: Jack Warner, Chief Financial Officer
Lisa M. Herrmann, Planning, Budgeting and Control Manager
THROUGH: Terry Stewart, Interim City Manager
DATE: August 27, 2014
SUBJECT: AGENDA ITEM 10.A.-REGULAR COMMISSION MEETING OF SEPTEMBER 16,2014
RESOLUTION NO.46-14 FINAL(MILLAGE LEVY)
BACKGROUND
The item before Commission is Resolution No. 46-14 which levies a tax on all properties in the City of
Delray Beach for FY 2015. The operating millage for FY 2015 is 7.4639.
The FY 2015 operating millage is 7.1611 and the FY 2015 debt service millage is 0.3028. The proposed
operating millage is greater than the rolled-back millage rate (6.6895) by 7.05%. The total millage rate
for FY 2015 (both operating and debt) is 7.4639 which is less than the FY 2014 total millage rate of
7.5064.
The assessed valuation on all taxable properties within the City for operating purposes is
$7,243,588,617. The assessed valuation for debt services is $7,245,558,073. The reason for the
differential is the exemptions that were granted to historic properties in the City are applied to the
operating millage only.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to the
adoption of the resolution.
RECOMMENDATION
The Finance Department recommends approval of Resolution No. 46-14/Final Millage Levy for FY
2015.
http://itwebapp/Agendalntranet/Bluesheet.aspx9ltemID=8342&MeetingID=523 12/8/2014