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Res 72-94 RESOLUTION NO. 72-94 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, TO TENTATIVELY LEVY A TAX ON ALL PROPERTIES WITHIN THE CITY OF DELRAY 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: ~ That there shall be and hereby is appropriated for the General Fund operations of the City revenue derived from the tax of $6.88 per one thousand dollars ($1,000.00) of assessed valuation which is hereby tentatively levied on all taxable property within the City of Delray Beach for the fiscal year commencing October 1, 1994, and ending September 30, 1995; the assessed valuation on all taxable property for operating purposes within the City of Delray Beach being $2,480,167,323; for operating and for 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 tentative operating millage rate of $6.88 per one thousand dollars ($1,000.00) exceeds the rolled-back rate of $6.82 per one thousand dollars ($1,000.00) by 0.9%. ~ 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 $2,515,915 and that there is hereby appropriated for the payment thereof, all revenues derived from the tentative tax levy of $1.07 per one thousand dollars ($1,000.00) of assessed valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 1994, and ending September 30, 1995, upon the taxable property of the City of Delray Beach, the assessed valuation being $2,480,167,323. Section ~, 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 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 roll to be extended. Section 4. That a public hearing was held on the proposed budget on September 13, 1994. PASSED AND ADOPTED in regular session on this the 13th day of September, 1994. ATTEST: ~ity ~le~k ! - 2 - Res. No. 72-94 MEMQRANDUM TO: MAYOR AND CITY COMMISSIONERS FROM: CITY MANAGER[/]~ SUBJECT: AGENDA ITEM ~ /O ~ _ MEETING OF SEPTEMBER 13. 1994 RESOLUTION NO. 72-94 DATE: SEPTEMBER 7, 1994 Resolution No. 72-94 tentatively levies a tax on all properties in the City of Delray Beach for fiscal year 1994/95 as follows: ~.~ f~-9~mills for operation and maintenance of the General Fund 1,07 mills for the payment of principal and interest on bonded indebtedness 7.~ ~0~ mills Tentative millage rate The Notice of Proposed Taxes sent to individual property owners reflected the tentative millage rate of 8.00. Pursuant to the City's Charter and TRIM requirements, a public hearing must be held prior to the adoption of the proposed millage rate. Staff will make a brief presentation to open the public hearing. Recommend approval of Resolution No. 72-94. Final adoption of the budget for FY 1994/95 is scheduled for September 27, 1994. ref:agmemo7 CITY OF DELRAY BEACH REVENUE COMPARISON 1991-92 1992-93 1993-94 1994-95 ACCOUN'r DESCRIPTION ACI'UAL ACI UAL IJUL)C,I-T LlUDC_,I~'r AD VALOREM TAXES 17,476,620 17,02~3,507 18,765,180 18,938,270 SALES AND USE TAXES (1) 904.076 951.883 1.280.000 1.428.040 !I-HANCHISE '1 AXES 2.bO 1.34t~ 2.bGu.gotl 2,b99.b(~0 2.66LI.000 UTILITY TAXES (2) 3.937.551 4.358.424 4.360.000 4.486.000 OCCUPATIONAL LICENSES 353.391 370,430 380.000 380.000 PERMITS & FEES I. I 16,676 !. 179.626 ! ,087.010 1,225.910 INTERGOVERNMENTAL 3,998,369 4,242,725 4,199,350 4,231,940 CHARGES FOR SERVICES (3) 798,829 873,703 2,114,750 2,178,100 FINES & FORFEITURES 334.342 218.202 95 ! .500 249.000 INTERFUND TRANSFERS (4) 795,246 990,862 505,610 369,870 INTERFUND ADMINISTRATIVE COSTS 1,543,160 1.515,660 1.701.460 1,702,510 INTERFUND IN-LIEU COSTS 2,002,640 1,958.380 2,148,800 1,995,900 MISCELLANEOUS REVENUES 653.765 375.876 533.790 552,220 OPERATING REVENUES-GENERAL FUND 36.416,011 36.628.186 39.927,010 40,405,760 OTHER REVENUES BOND PROCEEDS 6.553,726 0 10.882,685 0 COUNTY BED TAX (5) 0 0 0 494.000 PRIOR YEAR SURPLUS 75,000 1,501,354 0 137.420 PRIOR YEAR ENCUMBRANCE 325.544 60,699 33,080 0 6,954,270 1,562,053 10,915,765 631,420 TOTAL GENERAL FUND REVENUES 43,370,281 38, ! 90,239 50,842,775 41,037,180 ( I ) INCHEASE IN FY 93-94 DUE -IO INCHEASE IN OP I IE)NAL (~A~ I AX LEVY IN CE)UN I Y (2) INCREASE IN FY 92-93 DUE TO INCREASE IN UTILITY TAX RATES (COMMERCIAL) (3) INCREASE IN FY 93-94 DUE TO HIGHLAND BEACH CONTRACT (4) VARIABLE REVENUE, USUALLY BOND FUND '11~ANSFEHS '10 PAY I~NGINEEI-HNG SALAHIES (5) INCREASE IN FY 94-95 DUE TO BED TAX REVENUES FROM COUNTY (TENNIS CENTER PHASE III) CITY OF DELRAY BEACH DEPARTMENTAL EXPENDII'URES 1992 1993 t994 1995 DEPARTMENT Actual Actual Revised Proposed CITY COMMISSION 171,718 168,041 176,860 175,660 CITY MANAGER 198,569 218,136 209,2201 215,870 PUBLIC INFORMATION 60.745 61,201 62.726 66.640 SUPPORT SERVICES 179,356 103,639 0 0 HUMAN RESOURCES 244,272 285,102 280,670 284,930 CITY CLERK 463,344 349,400 373,339 376,950 FINANCE 743,558 710,275 747,656 744,350 PURCHASING 240,622 239,752 244,110 195,230 CITY ATTORNEY 615,094 492,008 523.421 517,030 ADMINISTRATIVE SERVICES 140,329 143,526 366,597 379,440 MGMT INFORMATION SVCS 472.859 427,073 437,382 455,160 POLICE DEPARTMENT 10,969,318 11,103,248 11,416,189 12,026,900 FIRE DEPARTMENT -~ 6,971,322 6,834,284 6,961,427 7,222,590 HIGHLAND BEACH 1,057,890 ~.~-.-1,126.290 PLANNING & ZONING 770,757 717,141 716,939 694,360 COMMUNITY IMPROVEMENT 1,984,441 1,977,832 1,984,370 1,996,530 ENGINEERING 277,728 367,043 316,459 362,050 ENGINEERING -DOE 0 0 315,010~ 32,260 ENGINEERING -WIS 0 0 116,750 71,770 PUBLIC WORKS 1,796,533 1,633,071 1,668,276 1,575,020 PARKS & RECREATION 4,165,245 4,339,859 4,794,564;--~- 5,014,530 MISCELLANEOUS 63,441 157.483 609,764 114,400 GRANTS 130,208 127,275 187,670 191,670 OLD SCHOOL SQUARE 122,570 122,500 122,500 122,500 LIBRARY 466,560 466,560 507,210 543,310 DEBT SERVICE 10,422,911 3,217,449 13,788,305 3,450,180 TRANSFERS 1,316,678 4,059,277 2,857,472 2,977,890 TOTAL GENERAL FUND EXPENDITURES 42,988,178 38,321,255 50,842,775 40,933,510 RESOLUTION NO. 72-94 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, TO TENTATIVELY LEVY A TAX ON ALL PROPERTIES WITHIN THE CITY OF DELRAY 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: for the Gener~Fund operations of the City revenue derived from the /. O~ tax of $~ ,per one thousand dollars (SI,000.00) of assessed valuation which is hereby tentatively levied on all taxable property · within the City of Delray Beach for the fiscal year commencing October 1, 1994, and ending September 30, 1995; the assessed valuation on all taxable property for operating purposes within the City of Delray Beach being $2,480,167,323; for operating and for 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 tentative operating millage rate of $~~er one thousand dollars ($1,000.00) exceeds the %-back rate of $6.82 per one thousand dollars ($1,000.00) by ~ 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 $2,515,915 and that there is hereby appropriated for the payment thereof, all revenues derived from the tentative tax levy of $1.07 per one thousand dollars ($1,000.00) of assessed valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 1994, and ending September 30, 1995, upon the taxable property of the City of Delray Beach, the assessed valuation being $2,480,167,323. ~ 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 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 roll to be extended. ~ That a public hearing was held on the proposed budget on September 13, 1994. PASSED AND ADOPTED in regular session on this the 13th day of September, 1994. MAYOR ATTEST: City Clerk - 2 - Res. No. 72-94