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Res. No. 175-24RE SOLUTION 175-24 A RESOLUTION OF THE CITY COMM ISSION OF THE CITY OF DELRAY BEACH,FLORID A,AP PROVING A FINAL BUDGET AND MAKIN G APPROPRIA TI ONS OF SUMS OF MONEY FOR ALL EXPENDITURE S OF THE CITY OF DELRA Y BEACH FOR THE FISCAL YEAR BEGINN ING ON OCTOBER 1,2024 AND ENDING ON SEPTEMBER 30,2025;PRESCRIBING THE TERM S, CONDITIONS,AND PROVISIONS WITH RESPECT TO THE ITEMS OF APPROPRIA TIONS AND PAYMENTS THERE FOR;PRO VJ DING FOR SUPPLEME NT AL APPROPRIA TI ONS AND RE- APPROPRIATIONS;PROVIDING FOR SEVERAB ILITY OF PAR TS HEREOF IF DECLARE D INVALID;PROVIDING AN EFFECTIVE DA TE;AND FOR OTHER PURPOSES. WHEREAS,the City Commission of the City of Delray Beach is required to hold two public hearings on its estimates of the necessary and ordinary expenses and all extraordinary and special expenditures contemplated for the fiscal year beginning on October I,2024 and ending September 30,2025,prior to adopting the final budget;and WH EREAS,Florida Statute 200.065(2)(c),specifically requires that the final public hearing be held for the adoption of the City's final millage rate and final budget. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRA Y BEACH,FLORIDA,AS FOLLOWS: Section 1.This Resolution shall be known as the Fiscal Year 2024-25 Final Budget Resolution of the City of Delray Beach.Said Fiscal Year 2024-25 Final Budget is summarized in the attachment hereto, labeled as Exhibit "A".Said Final Budget is fully detailed in the Fiscal Year 2024-25 Adopted Financial Plan and the line-item revenue and expenditure budgets,which collectively comprise the Final Budget of the City of Delray Beach,and all of which may be reviewed on the City's website,and available upon request.The sums provided for in the Fiscal Year 2024-25 Final Budget are hereby appropriated upon the terms and conditions set forth hereafter. Section 2.No money shall be drawn from the treasury of the City,nor shall any obligations for expenditure of money be incurred,except pursuant to the budget appropriations.The City Commission may transfer any unencumbered appropriation balance,or any portion thereof from one department,fund,or agency to another.The balance in any General Fund Appropriation which has not been encumbered at the end of the fiscal year shall revert to the General Fund and be reappropriated during the next fiscal year. Section 3.No department,bureau,agency,or individual receiving appropriations under the provisions of this Resolution shall exceed the amount of its appropriation,except with the consent and approval of the City Commission first obtained. Section 4.All funds received from specific grant/entitlement sources,pursuant to statutes of the State of Florida or federal law shall be deposited in the manner specified and said revenue is hereby appropriated solely for the purposes or uses authorized by applicable law,whether State or Federal,which created the revenue entitlement of the City of Delray Beach,Florida. Section 5.None of the monies enumerated in this Resolution in connection with any Fund of the City shall be expended for any purpose other than a qualified public purpose,and it shall be the duty of the Chief Financial Officer to report kn own violations of this Section to the City Manager. Section 6.All monies collected by any departm ent,bureau,agency,or individual of the City government shall be promptly deposited into the City Treasury . Section 7.The Chief Financial Officer shall proceed with the collection and enforcement of all revenue entitlement of the City of Delray Beach,including taxes levied,as shall be necessary to obtain the revenue funds provided for in this Resolution.Further,the Chief Financial Officer shall be responsible for receiving the ad valorem taxes collected by the Tax Collector for Palm Beach County,Florida,at the millage rate certified to the Property Appraiser for Palm Beach County,Florida,by the action of the City Commission. Section 8.On September 30,2024,the Chief Financial Officer is authorized to reserve unpaid purchase orders,outstanding contracts,and other comm itments.Said amounts reserved shall be designated as assigned fun d balance under fund equity and shall be carried forward into the next fiscal year as additions to the respective budgets. Section 9.The first public hearing on the Tentative budget was held on September 3,2024. Section 1 O.This Resolution shall become effective immediately upon its adoption. PASSED AND AD OPTED upon reading by title only,after posting on the City's website and available upon request,for at least two (2)days prior to adoption,pursuant to s.200.065,this 16"day of September 2024. L d Legal Sufficiency: EXHIBIT A (REVISED) BUDGET SUMMARY CITY OF DELRAY BEACH,FLORIDA-FISCAL YEAR 2024-25 'THE FINAL BUDGET EXPENDITURES OF CITY OF DELRAY BEACH ARE 36.1% MORE THAN LAST YEAR'S TOTAL EXPENDITURES DEBT DOWNTOWN SPECIAL INTERNAL CAPITAL GENERAL SERVICE DEVELOPMENT ENTERPRISE REVENUE SERVICE PROJECT FUND FUNDS FUND FUNDS FUNDS FUNDS FUNDS TOTAL CASH BALANCES BROUGHT FORWARD 8,328,588 o o 1,997,476 10,476,806 876,985 43,173,406 64,853,261 ESTIMATED REVENUES: TAXES Millages AD VALOREM TAXES 5.9063 103,198,190 o o o o o o 103,198,190 AD VALOREM TAXES 0.0337 580,056 o o o o o 580,056 AD VALOREM-DELINQUENT 109,000 o o o o o o 109,000 AD VALOREM -DDA 1.0000 o o 1,835,662 o o o o 1,835,662 Sales &Use Taxes o o o o 1,707,510 o o 1,707,510 Utility Taxes 8,865,500 o o o o o o 8,865,500 Other Taxes 4,869,000 o o o o o o 4,869,000 Franchise,Licenses,Permits &Spec Assesments 9,991,453 o o 1,520 10,683,000 o o 20,675,973 Intergovernmental 12,702,580 o o 33,600 955,642 o 35,717,186 49,409,008 Charges for Services 13,195,397 o o 69,527,352 305,150 o o 83,027,899 Fines &Forfeitures 1,122,298 o o o 165,000 o o 1,287,298 Miscellaneous Revenues 17,782,700 o 1,700 1,589,620 1,058,426 5,955,850 36,274,000 62,662,296 Internal Services Charges o o o o o 28,828,086 o 28,828,086 Other Financing Sources 6,815,283 3 434 900 o 53 278 113 1907081 5.000 000 67.438.481 137,873,858 TOTAL REVENUES AND OTHER FINANCING SOURCES 178.651.401 4 014 956 1,837.362 124,430205 16.781.809 39 783 936 139429 667 504,929,336 TOTAL ESTIMATED REVENUES o o AND BALANCES 186979_989 4.014.956 1,837 362 126_427,681 27 258 615 40,660921 182,603 073 569.782_597 EXPENDITURES/EXPENSES: General Government Services 27,258,632 o o o 4,168 o 4,232,500 31,495,300 Public Safety 100,693,554 o o o 1,117,000 o 8,514,000 110,324,554 Physical Environment 1,648,250 o o 105,644,832 14,407,552 o 129,804,236 251,504,870 Transportation 5,388,793 o o o o o o 5,388,793 Economic Environment 22,448,204 o 1,833,881 o 5,637,279 o o 29,919,364 Human Services 473,732 o o o o o o 473,732 Culture &Recreation 23,395,175 o o 5,276,421 3,725,435 o 26,796,615 59,193,646 Debt Service o 4,014,956 o 99,287 o 1,800,000 4,162,825 10,077,068 Internal Services o o o o o 35,272,781 o 35,272,781 Other Financing Uses 5 603 649 o o 5.291 957 2 064.139 o 5.815 657 18_775_402 TOTAL EXPENDITURES/186,909,989 4,014,956 1,833,881 116,312,497 26,955,573 37,072,781 179,325,833 552,425,510 EXPENSES Reserves 70,000 o 3,481 10.115.184 303 042 3 588 140 3 277 240 17,357,087 TOTAL EXPENDITURES 186979_989 4,014 956 1,837,362 126427,681 27_258_615 40 660.921 182.603 073 569782597 AND RESERVES The tentative,adopted,and/or final budgets are on file in the office of the above referenced taxing authority as a public record. KATERRI JOHNSON,CMC Publish:Thursday,September 12,2024 CITY CLERK