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2000-24101 RESO RESOLUTION NO. 2000-24101 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 2000/01. 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 Fiscal Year (FY) 2000/01 operating expenses; and WHEREAS, the final operating budget has been reviewed by the Board of Directors of the District (Board) to assure its content and scope; and WHEREAS, on September 14, 2000, 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 2000/01. NOW THEREFORE, BE IT DULY RESOLVED BY THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT, that the Board hereby adopts the final operating budget for the District for FY 2000/01 as summarized herein and listed below: REVENUES Ad Valorem Tax City's General Fund Total EXPENSES Security Service Maintenance Utilities Other Operating Total PASSED and ADOPTED this ATTEST: ~p~ CITY CLERK $52,766 41.884 $94.650 $78,600 13,900 1,650 500 $94.650 APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION 1Jd~~ C Altom&y CJ-1tJ-tt1J ~ 2'" d>y '11"",2000 MAYOR FUNDING APPROVED: T AND BUDGET ~. CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.f1.us COMMISSION MEMORANDUM NoltfO - (::C) TO: Mayor Neisen O. Kasdin and Members ofthe City Commission DATE: September 27, 2000 FROM: Jorge M. Gonzalez ~. "" ~ City Manager ,yv- a A RESOLUTION OF HE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR 2000/01. SUBJECT: ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year (FY) 2000/01. 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 District has been adopted (See accompanying Agenda Item R7C2 for details). ANALYSIS On September 14, 2000, the City Commission tentatively adopted the operating budget for the District in the amount of $94,650. The final operating budget for the District is as follows: REVENUES Ad Valorem Tax City's General Fund Total $52,766 41.884 $94.650 EXPENSES Security Service Maintenance Utilities Other Operating Total $78,600 13,900 1,650 500 $94.650 AGENDA ITEM ~7C2 9-27-Q) DATE Normandy Shores FY 2000/01 Final Budget Page 2 September 27, 2000 The difference between the revenues which will be generated from ad valorem tax proceeds and the total budgetary requirement of the District must be supplemented in the amount of$4l,884 or 44% of the total operating budget. The General Fund has funded this difference for each of the six years since the District was established. The amount provided by the General Fund for this purpose in FY 1999/00 was $39,682. During FY 1998/99, the amount of annual funding to be provided by the City and the dependent status of the District were issues discussed by the Finance and Citywide Projects Committee. A determination was reached that the City would fund 35% of the annual cost of the operation of the community guard gate. This cost will be funded from the operation ofthe renovated Normandy Shores Golf Course. The City Attorney's Office is reviewing the issue regarding the dependent status of the District. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. 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. ~-f~W~