2016-0906 Special City Commission Meeting

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Summary Minutes:Special City Commission Meeting_ September 6.2016 Sunny Isles Beach,Florida First Budget Hearing Public Speakers: None Commissioner Aelion moved and Vice Mayor Gatto seconded a motion to approve the resolution. Resolution No. 2016-2576 was adopted by a voice vote of 5-0 in favor. 3B. Budget Ordinance (Public Hearing) An Ordinance of the City Commission of the City of Sunny Isles Beach, Florida,Adopting an Operating and Capital Improvement Budget for the Fiscal Year Commencing October 1,2016 through September 30,2017,Pursuant to Section 200.65,Florida Statutes; Authorizing Expenditures of Funds Established by the Budget;Authorizing Encumbrances; Authorizing Issuance of Checks; Providing for Grants and Gifts; Providing for Local and Federal Law Enforcement Trust Funds; Providing for Post Audit; Providing for Severability and Providing for an Effective Date. Action: [City Clerk's Note: Items 3A and 3B were heard together]City Clerk Hines read the title, and City Manager Russo reported, noting that his Budget Message is on the City's Website, and it has been put out through social media. This is a milestone and we are going to be into a few of them coming into our next calendar year. This is the 20th Anniversary of the budget process here in the City. The first budget process took effect the year that the City was incorporated in 1997, and that very first year was really more of a transfer of revenues from the County to the City because they really hadn't geared up for operating yet, and next June will be the 20th actual anniversary of the City. In the first year of the City our assessed value was approximately$1.2 Billion. This year we just broke$10 Billion,our assessed value is approximately$10.1 Billion, and so that is a significant milestone for us. It is also the fifth year in a row that the City has reduced its Millage Rate. The Millage Rate has been reduced to 2.4000 this year in keeping with the pattern that has been set the four(4) previous years. Our General Fund Revenue increased this year by almost $1 Million. We have a General Fund of about $35.5 Million on the revenue side. On the expenditure side of the General Fund, we went up the lowest percentage we have in many years, 2.1% and as he said at the Budget Work Sessions, that is a factor of reaching a plateau in terms of growth, in terms of staffing, and getting to levels of service that we feel we can achieve that goal of world class service and maintenance. We are still working on that, there may be adjustments over the next few years but we feel we have reached a good point there. The General Fund is approximately just under$34 Million, and in 1997 our General Fund was about $9 Million, just to give you an idea of where we come from. City Manager Russo said that probably one of the biggest changes from the Budget Work Sessions we had to the Budget that is before the Commission tonight is the fact that we held off on going forward with the Government Center Expansion. That made a major change to our Capital Budget where we would have had significant discussions from now to then on the funding mechanism to start that process. We avoided that for this year but in the meantime to balance the remaining Capital Budget we made a transfer from our General Fund which had excessive revenues projected. We made a $2 Million transfer from the General Fund to Capital, to fund our Capital this year. Other than that, some minor changes adjusting the Budget by about $41,000.00, and that is the highlights.