Res 47-14 RESOLUTION NO. 47-14
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO 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 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, 2011, and
ending September 30, 2015. 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 $644,882,663. The operating millage rate of $1.0000 per one thousand dollars
($1,000.00) is more than the rolled-back rate of $0.9355 per one thousand dollars ($1,000.00) by
6.89%.
Section 2. That the above 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 managernent 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 public hearings were held on the budget on September 4, 2014 and
September 16, 2014.
I
PASSED AND ADOPTED in regular session on this the 16th day of September,
2014.
MAYOR
ATTEST:
c
ry pity Clerk
2 RES.NO. 47-14
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.B.-REGULAR COMMISSION MEETING OF SEPTEMBER 16,2014
RESOLUTION NO.47-14(FINAL MILLAGE LEVY/DDA)
BACKGROUND
The item before Commission is Resolution No. 47-14 which levies a tax on all properties within the
Downtown Development Authority (DDA) Taxing District of the City of Delray Beach. The DDA
Millage rate for FY 2015 is 1.0000.
The millage rate of 1.0000 for the DDA is no increase from FY 2014, but is more than the rolled-back
rate (0.9355) by 6.89%. The assessed valuation on all taxable property for operating purposes with the
Downtown Development Authority Taxing District of the City of Delray Beach is $644,882,663.
RECOMMENDATION
The Finance Department recommends approval of Resolution No. 47-14/Final Millage Levy/DDA for
FY 2015.
http://itwebapp/AgendaIntranet/Bluesheet.aspx?ItemID=8343&MeetinglD=523 12/8/2014