96-22126 RESO
RESOLUTION NO. 96-22126
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL
YEAR 1996/97.
WHEREAS, for the purpose of providing security services within the Normandy Shores
neighborhood area, the Mayor and City Commission adopted Ordinance No. 93-2881 on October
20, 1993, which authorized the creation of the Normandy Shores Local Government Neighborhood
Improvement District (District); and
WHEREAS, for the continued purpose of providing security services within the District, a
final budget has been developed to fund projected FY 1996/97 operating expenses; and
WHEREAS, the tentative operating budget has been reviewed by the Board of Directors of
the District (Board) to assure its content and scope; and
WHEREAS, on September 12, 1996, at the public hearing held before the Mayor and City
Commission, acting as the Board, the Board tentatively adopted the operating millage rate and
budget for the District for FY 1996/97.
NOW, THEREFORE BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS
OF THE NORMANDY SHORES NEIGHBORHOOD IMPROVEMENT DISTRICT, that the
Board hereby adopts the final operating budget for the Normandy Shores Local Government
Neighborhood Improvement District for Fiscal Year 1996/97 as summarized herein and listed below:
REVENUES
Ad Valorem Tax
City's General Fund
Total
$47,448
42.552
$90.000
EXPENSES
Security Service
Maintenance
Utilities
Other Operating
Total
$67,180
17,000
3,300
2.520
$90.000
PASSED and ADOPTED this 25th day of September, 1996.
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ATTEST:
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i JNDING APPROVED
FORM APPROVED
LEGAL 0 T
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By
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Manal?:ement and BlI,J,"",~
Cafe
CITY OF MIAI\/JI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
COMMISSION MEMORANDUM NO. f) S? 0 -q.k.
TO:
Mayor Seymour Gelber and
Members of the City Commission
DATE: September 25, 1996
Jose Garcia_pedros~
City Manager .
A RESOLUTION THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL
YEAR 1996/97.
FROM:
SUBJECT:
RECOMMENDATION:
Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year
1996/97. .
PROCEDURE
The operating millage and budget for this dependent special taxing district must be adopted in
accordance with Florida Statutes. This procedure requires that this Resolution be considered
immediately after the final millage for Normandy Shores has been adopted. (See accompanying
Agenda Item R-7FI for details).
ANALYSIS
The final operating budget for the District is as follows:
REVENUES
Ad Valorem Tax
City's General Fund
Total
EXPENSES
Security Service
Maintenance
Utilities
Other Operating
Total
$47,448
42.552
$90.000
$67,180
17,000
3,300
2.520
$90.000
AGENDA ITEM
RiFI0
g-2S-9~
DATE
Normandy Shores FY 1996/97 Final Budget
Page Two
September 25, 1996
The gap between the revenues which will be generated from ad-valorem tax proceeds and the total
budgetary requirement of the district must be supplanted by a contribution from the General Fund
in the amount of $42,552 or 47% of the total operating budget. The gap, which has been
underwritten by the General Fund, will increase from $42,119 in FY 1994/95 to $42,552 in FY
1996/97, an increase of approximately 1 %. This is solely due to the manner in which the millage
must be calculated, given the $500 limitation. Administration has had two sessions with board
members of the district to discuss the final operating budget and to address this operational anomaly
and will present its recommendations during the ensuing year such that they may be incorporated
into the FY1997/98 budget development process. Both parties have agreed to work towards ajoint
resolution. It is understood that the city cannot continue to subsidize this service, and to the extent
possible, it should be self-supporting up to the two mill cap set by state statute.
CONCLUSION
The City Commission acting in its capacity as the Board of Directors of the Normandy Shores Local
Government Neighborhood Improvement District should adopt the attached Resolution which
establishes a final operating budget .
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