Res 70-05
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RESOLUTION NO. 70-05
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRA Y 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 1. That a tax of $7.45 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, 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 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 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 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 (1%) with the
taxable value shown on the assessment roll to be extended.
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Section 4. That public hearings were held on the proposed budget on September 6,
2005 and on September 20, 2005.
PASSED AND ADOPTED in regular session on this the 20th day of September,
2005.
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ATTEST:
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City Clerk
2 RES. NO. 70-05
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MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER PJ11
SUBJECT: AGENDA ITEM # \ 0 ~ - REGULAR MEETING OF SEPTEMBER 20, 2005
RESOLUTION NO. 70-05 (MILLAGE LEVY FOR FY 2006)
DATE: SEPTEMBER 16, 2005
Resolution No. 70-05 levies a tax on all properties in the City of Delray Beach for FY 2006.
7.45 mills for operation and maintenance of the General Fund
0.55 mills for the payment of principal and interest on bonded indebtedness
8.00 mills = millage tate
The rate of 8.00 mills is the same as FY 2005. Operating millage is 7.45 and debt service millage
remains at 0.55. The rolled back rate calculated under the TRIM law for operating purposes is 6.3686
mills. The millage rate is 17.13% above the rolled back rate.
The assessed valuation on all taxable property within the City for operating purposes is
$6,459,454,317. The assessed valuation for debt service is $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.
On September 6, 2005, Commission approved a resolution tentatively levying the millage rate at 8.00
mills, there has been no change. Recommend approval of Resolution No. 70-05.
S:\Clty Clerk\agenda memos\Res. 70-05 MIllage Levy FY 2006
RESOLUTION NO. 70-05
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRA Y 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 APPROPRL\ TE 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 $7.45 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, 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
operatl11g 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 Withm the City of Delray Beach is
$6,459,454,317. The 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 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 commenCillg 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 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 junsdiction 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.
Section 4. That public hearings were held on the proposed budget on September 6,
2005 and on September 20, 2005.
PASSED AND ADOPTED in regular session on this the 20th day of September,
2005.
MAYOR
ATTEST:
City Clerk
2 RES. NO. 70-05
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NOTICE OF PROPOSED TAX INCREASE £
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The CITY OF DELRAY BEACH has tentativel)' adopted a measure to
increase its property tax levy.
Last year's property tax levy:
A. Initially proposed tax levy $41,065,768
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B. Less tax reductions due to Value Adjustment
Board and other assessment changes $ 733,720 Ø)
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C. Actual property tax levy $40,332,048 ã-
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This year's proposed tax levy $48,509, 1 73 ..
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All concerned citizens are invited to attend a public heòring on the ~
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tax increase to be held on ~
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Tuesday, September 20, 2005 ~
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City Halt 1 00 NW 1 st Avenue ..
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Delray Beach, Florida 33444 (")
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A FINAL DECISION on the proposed tax increase and the budget
will be made at this hearing.
City of Delray Beach
Chevelle D. Nubin
City Clerk
Publish: Thursday, September 15, 2005
Boca Raton/Delroy Beach News
Ad# NS09051 00
Π(': C r;u- () I 0-I'\V1BUDGET SUMMARY ~. 'loft
CITY OF DELRA Y BEACH, FLORIDA
FISCAL YEAR 2005·2006
DOWNTOWN SPECIAL
GENERAL DEVELOPMENT ENTERPRISE REVENUE
HIND FUND FUNDS FUNDS TOTAL
CASH BALANCES BROUGHT FORWARD 486,100 12,760 1,609,550 63.810 2.172,220
ESTIMATED REVENUES: 0 0
TAXES Mlllages 0 0
AD VALOREM TAXES 745 45,716,790 0 0 45,716,790
AD VALOREM TAXES 055 3,375,620 0 0 3,375,620
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AD VALOREM-DELINQUENT 72,000 0 0 72,000 ~
AD VALOREM· DDA 100 366,930 0 0 366,930 c-
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Sales & Use Taxes 1,882,000 0 0 1,882,000 :::J
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Franchise Taxes 3,932,250 0 0 3,932,250 en
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Utility Taxes 4,191,000 0 0 4,191,000 3
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Other Taxes 3,650,000 0 0 3,650,000 !II
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Licenses & Permits 3,515,950 0 0 3,515,950 ;;JJ
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Intergovernmental 7,527,020 582,180 1,970,110 10,079,310 :::J
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Charges for Services 6,228,300 36.614,970 0 42,843,270 '"
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Fines & Forfeitures 1,019,800 0 41,800 1,061,600 !II
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Miscellaneous Revenues 4,215,610 300 276,900 118,000 4,610,810 ...,
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Other Financing Sources 3,228,690 6,444,540 1282,070 10,955,300 '"
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TOTAL REVENUES AND OTHER I
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FINANCING SOURCES 88,555,030 367,230 43,918,590 3,411,980 136,252,830 <::
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TOTAL ESTIMATED REVENUES ::<
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AND BALANCES 89,041,130 379,990 45,528,140 3,475,790 138,425,050 '"
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EXPENDITURESJEXPENSES: .....
General Government SeMces 9,043,580 0 0 9,043,580
Public Safety 46,709,330 0 41,800 46.751,130
Physical Environment 557,150 28,544,520 0 29,101,670
Transportation 1,907,270 0 0 1,907,270
Economic Environment 260 ,700 379,990 0 1,388,870 2,029,560
Human Services 153,300 0 795,550 948,850
Cunure & Recreation 12,226,350 4,357,830 976,580 17,560,760
Debt Service 5,111,480 5,825,160 0 10.936,640
Other Financing Uses 12,221,280 5,856,110 257,410 18,334,800
TOTALEXPENDITURE~EXPENSES 88,190,440 379,990 44,583,620 3,460,210 136,614,260
Reserves 850,690 0 944,520 15,580 1,810,790
TOTAL EXPENDITURES AND RESERVES 89,041,130 _ 379,990 45,528,140 3,475,790 138,425,050
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 15, 2005
Boca RatonlDelray Beach News
Ad# NS0905101