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98-22896 RESO RESOLUTION NO. 98-22896 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING TENTATIVE BUDGETS FOR THE GENERAL, ENTERPRISE, AND INTERNAL SERVICE FUNDS FOR FISCAL YEAR 1998/99 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED FOR SEPTEMBER 23, 1998. BE IT DUL Y RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the City of Miami Beach hereby adopts tentative budgets for the General, Enterprise, and Internal Service Funds for Fiscal Year 1998/99 as summarized and listed below, subject to a second public hearing scheduled for September 23, 1998. REVENUES INTERNAL CATEGORY GENERAL ENTERPRISE SERVICE TOTALS GENERAL OPERATING REVENUES Ad Valorem Taxes $44,661,543 $44,661,543 Ad Valorem Taxes - RDA So Pointe 3,315,257 3,315,257 Ad Valorem Taxes - City Center 2,372,814 2,372,814 Ad Valorem Taxes - Norm Sh 50,850 50,850 Other Taxes 17,536,400 17,536,400 Licenses and Permits 7,583,700 7,583,700 Intergovernmental Revenues 8,796,000 8,796,000 Charges for Services 1,719,580 1,719,580 Fines and Forfeits 1,145,000 1,145,000 Interest 3,713,025 3,713,025 Rents and Leases 800,185 800,185 Miscellaneous 4,193,467 4,193,467 Other 14,221,517 14,221,517 Subtotal $110,109,338 $110,109,338 DEBT SERVICE Ad Valorem Taxes $9,973,902 $9,973,902 Subtotal $9,973,902 $9,973,902 FUND TOTAL $120,083,240 $120,083,240 ENTERPRISE FUNDS Convention CenterrrOP A $10,259,992 $10,259,992 Parking 13,369,300 13,369,300 Sanitation 4,704,893 4,704,893 Water Operations 16,502,121 16,502,121 Sewer Operations 27,138,953 27,138,953 Storm Water 3,745,000 3,745,000 FUND TOTAL $75,720,259 $75,720,259 INTERNAL SERVICE FUNDS Central Services $556,368 $556,368 Information Technology 7,527,775 7,527,775 Fleet Management 7,188,231 7,188,231 Property Management 4,313,355 4,313,355 Risk Management 10,324,270 10,324,270 FUND TOTAL $29,909,999 $29,909,999 TOTAL - ALL FUNDS $120,083,240 $75,720,259 $29,909,999 $225,713,498 APPROPRIATIONS INTERNAL DEPARTMENT DEPARTMENT/FUNCTION GENERAL ENTERPRISE SERVICE TOTALS ADMINISTRATION MAYOR & COMMISSION $643,365 $643,365 CITY MANAGER 1,156,110 1,156,110 CITY ATTORNEY 2,701,458 2,701,458 CITY CLERK 1,255,708 1,255,708 CHILDREN'S AFFAIRS 96,038 96,038 ARTS,CUL TURE & ENTERTAINMENT 340,704 340,704 FINANCE 2,147,770 2,147,770 MANAGEMENT & BUDGET 452,223 452,223 INTERNAL AUDIT 290,649 290,649 HUMAN RESOURCES 1,024,185 1,024,185 RISK MANAGEMENT $10,324,270 10,324,270 COM SERVICES & DEVELOPMENT BUILDING 2,547,653 2,547,653 CODE COMPLIANCE 1,496,129 1,496,129 PLANNING 1,402,540 1,402,540 COM/ECONOMIC DEVELOPMENT 953,700 Community/Economic Development 826,286 Log Cabin 127,414 CONVENTION CENTERffOPA $10,259,992 10,259,992 PARKING 13,369,300 Administration 1,845,278 On-Street Parking 4,145,832 Off-Street Parking 5,192,084 Debt Service 2,186,106 BASS MUSEUM 839,668 839,668 RECREATION, CULTURE & PARKS 14,876,170 Administration 204,060 Beach Patrol 3,999,398 Landscape Maintenance 3,221,817 Parks Maintenance 2,215,450 Recreation 5,235,445 PUBLIC PROPERTY MANAGEMENT GENERAL SERVICES 20,115,540 Procurement 529,811 Central Services 556,368 Property Management 4,313,355 Information Management 7,527,775 Fleet Management 7,188,231 PUBLIC WORKS 51,001,439 Administration 308,634 Construction Management 814,150 Engineering 748,798 Environmental Resource Mgmt 144,525 Streets/Streetlights 1,599,258 Sewer Operations 27,138,953 Storm Water 3,745,000 Water Operations 16,502,121 SANITATION 4,704,893 4,704,893 APPROPRIATIONS (Continued) INTERNAL DEPARTMENT DEPARTMENT/FUNCTION GENERAL ENTERPRISE SERVICE TOTALS PUBLIC SAFETY FIRE 19,950,406 19,950,406 POLICE 39,265,454 39,265,454 CITYWIDE ACCTS 8,336,161 8,336,161 CITYWIDE ACCTS - RDA So Pointe 3,3 I 5,257 3,3 I 5,257 CITYWIDE ACCTS - RDA City Center 2,372,814 2,372,814 CONTINGENCY 500,000 500,000 SUBTOTALS $110,109,338 $75,720,259 $29,909,999 $215,739,596 DEBT SERVICE Debt Service $9,973,902 $9,973,902 TOTAL ALL FUNDS $120,083,240 $75,720,259 $29,909,999 $225,713,498 Passed and adopted this 10th day of September, 1998. ~~ MAYOR Attest by: ~d' ftu~ APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION ~Q;~ ?l3Il~ City Atto Daf8 CITY CLERK AND BUDGET ~ITY OF MIAMI BEACH :ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 11lp :\\ci. miami-beach. fl. us COMl\flSSION MEMORANDUM NO. Ceo '3 ~C:16 TO: Mayor Neisen O. Kasdin and DATE: September 10, 1998 M,mb,,, of lb' #"'on Sergio Rodriguez City Manager A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING TENTATIVE BUDGETS FOR THE GENERAL, ENTERPRISE, AND INTERNAL SERVICE FUNDS FOR FISCAL YEAR 1998/99 SUBJECT TO A SECOND PUBLIC HEARING SCHEDULED FOR SEPTEMBER 23, 1998. FROM: SUBJECT: RECOMMENDATION: The Administration recommends that the City Commission adopt the attached Resolution which establishes tentative operating budgets for the General, Enterprise, and Internal Service Funds for Fiscal Year 1998/99. BACKGROUND: As outlined in the companion Agenda Item R-7-A-l, Florida Statutes 200.065 specifies the manner in which budgets are adopted. First, the tentative millage rate for both general operating and debt service is adopted, then immediately thereafter, tentative operating budgets by fund are adopted. The attached Resolution is therefore presented to you at this time for adoption. ANAL YSIS: On July 10, 1998, the Administration released a Proposed Budget totaling $108,369,817 for the General Fund balanced with 7.999 mills, exclusive of debt service. Subsequent to the release of the Proposed FY 1998/99 Budget, the Commission at its July 15, 1998 meeting, set the proposed tentative millage at 7.999 mills, maintaining basic current service levels with an operating budget for the General Fund totaling $108,369,817. At the July 15th meeting ofthe Mayor and City Commission, we presented a balanced budget which included revenues from both a one-half mill increase in the Ad Valorem tax levy and savings of $3,000,000 from a re-valuation of assets of the Police and Fire Pension Plan. At that time we were directed to achieve a balanced budget without effectuating a tax increase. The Pension Board subsequently approved the change in asset valuation and the savings will be achieved. Therefore in order to balance the budget we searched for additional sources of revenue and were able to achieve $5,400,000 as described below: AGENDA ITEM K 1 A z- DATE q -to-q8 Adopting Tentative Budgets - FY 1998/99 Page 2 September 10, 1998 1 - $4,200,000 - During July 1998, the Miami Beach Redevelopment Agency sold a third series of tax increment revenue bonds for its City Center District (the District). This transaction was structured to reduce the debt service requirement for FY 1999 through the substitution of previously reserved funds with a surety policy. As a result, the demand for the Districts tax increment revenues and supplemental resort tax payments were reduced by approximately $4,200,000. The District will now be able to reimburse the Resort Tax fund approximately $3,200,000 which was previously borrowed and $1,000,000 of supplemental Resort tax funds will not be required for debt service. These funds may now be made available for other tourism related items to be paid from the General Fund. 2 - $900,000 - A revised projection of resort taxes was made based on incremental services and facilities which will be in operation during FY 98-99 as well as additional revenues from increased convention center bookings, Super Bowl and Pow-Wow events produced approximately $700,000. Additionally, $200,000 will become available as a result of a reduced requirement for funds for the operation of the Electrowave. These funds may now be made available for other tourism related items to be paid from the General Fund. 3 - $300,000 - Additional savings of $300,000 were achieved through the inclusion of a 1 % attrition factor. Therefore, the Administration recommends a reduction in the proposed operating millage rate from 7.999 mills to 7.499 mills which will be the fourth consecutive year in which our City has maintained the same general operating millage rate. This millage rate will fund not only the current basic service level, but service enhancements outlined in the July Proposed Budget document and additional enhancements noted herein. The Administration has incorporated these adjustments into the tentative budget for further consideration during the first public hearing. For clarity, we will enumerate each General Fund adjustment by revenue and expense category. and provide a brief explanation thereof. If a revenue category or expenditure allocation is not enumerated in the proceeding pages, it is because there are no proposed adjustments. To provide consistency, the categories identified correspond to those major classifications and groupings identified in the proposed operating budget. SUMMARY OF ADJUSTMENTS The proposed operating budgets for General, Enterprise and Internal Service Funds, including General Obligation Debt Service was revised from its July 15, 1998 level of $225,911,188 to $225,713,498 or an overall increase of $197,690, which equates to less than one percent. The General Fund increased by $1,739,521 from $108,369,817 to $110,109,338. Enterprise Funds and Internal Service Funds remained constant with the exception of the Water and Sewer Fund, which decreased by $1,937,211. (See Attachment "A" for the revised General, Enterprise, and Internal Service Funds tentative budgets). Adopting Tentative Budgets - FY 1998/99 Page 3 September 10, 1998 A. GENERAL FUND Revenues Ad Valorem Taxes - Revenues within this category have been reduced by $3,360,479 to reflect the proposed one-half mill decrease in the millage rate from 7.999 to 7.499. Of this amount $379,254 is a reduction of Ad Valorem tax for the Miami Beach Redevelopment Agency districts. Other - Revenues within this category were increased by $5,100,000 due to an increased transfer of Resort Tax revenues as described in items 1 and 2 above. Expenditures Fire - This budget was increased by $250,000. Approximately $195,000 was allocated to return daily staffing to 42 firefighters per shift. This includes an additional 3 positions and $75,000 in operating costs. Also $55,000 is being provided for furnishings to be replaced at the four fire stations. Police - This allocation was increased by $360,000 to provide funds for ten (10) additional police officers to increase neighborhood patrols. Citywide Accounts - Funding for this cost center was increased by a net of approximately $1,120,000. Approximately $600,000 is provided to augment the reserve for the first year's estimated costs ofthe Police and Fire "Rule of 70" provision in the pension plan. The annual debt service for the installation of an incremental underground electric distribution line has been provided in the amount of$500,000. Funds of approximately $300,000 have been included to staff and equip four property management crews to provide pressure cleaning services for selected areas in North and Middle Beach. Additionally, increased operating costs of approximately $400,000 have been funded for the City's internal service funds. A reduction of $ 379,254 has been included resulting from the decrease of Ad Valorem tax millage for the Miami Beach Redevelopment Agency districts. Additional savings of $300,000 were achieved through the inclusion of a I % attrition factor. GENERAL FUND SUMMARY OF ADJUSTMENTS (REVENUES AND EXPENDITURES): REVENUES Ad Valorem Taxes Other TOTAL INCREASE Increases/(Decreases) ($3,360,479) 5.100.000 $1,739,521 EXPENDITURES Fire Police Citywide TOTAL INCREASE Increases (Decreases) $ 250,000 360,000 1.129.521 $1,739,521 Adopting Tentative Budgets - FY 1998/99 Page 4 September 10, 1998 B. ENTERPRISE FUND WATER AND SEWER The Florida Statutes require that the governing body of all municipalities annually adopt a balanced budget. Consistent with this requirement, the Water and Sewer Fund has included within its proposed FY 1998/99 budget a rate increase to support the current and future debt service requirements for its existing bonds and the bonds to be issued during the upcoming fiscal year. This will increase the water rate by $0.24 per thousand gallons, to $2.16 from $1.92 as included in the proposed budget. This will increase the sewer rate by $0.18 per thousand gallons, to $3.65 from $3.4 7 as included in the proposed budget. These increases will provide sufficient net revenues to assure continued compliance with bond covenants. These proposed rate increases will utilize bond funds for capital improvements and will not require continued contributions from retained earnings. SANITATION The Florida Statutes require that the governing body of all municipalities annually adopt a balanced budget. Consistent with this requirement, the Sanitation Fund has included within its proposed FY 1998/99 budget a new commercial impact fee to cover the costs associated with the garbage/trash removal from the streets and alleyways in the commercial areas of the City. If this fee is approved, five additional positions can be funded in the FY 1998/99 budget to help accomplish this task. CONCLUSION: The Administration recommends adoption of the attached Resolution which incorporates the revisions enumerated above and establishes tentative operating budgets for General, Enterprise, and Internal Service Funds for Fiscal Year 1998/99, subject to a second public hearing scheduled for September 23, 1998. SR:PDW:JC Adopting Tentative Budgets - FY 1998/99 Page 5 September 10,1998 Attachment A: REVENUES INTERNAL CATEGORY GENERAL ENTERPRISE SERVICE TOTALS GENERAL OPERATING REVENUES Ad Valorem Taxes $44,66 I ,543 $44,661,543 Ad Valorem Taxes - RDA So Pointe 3,3 I 5,257 3,315,257 Ad Valorem Taxes - City Center 2,372,814 2.372,814 Ad Valorem Taxes - Norm Sh 50,850 50,850 Other Taxes 17,536,400 17,536,400 Licenses and Permits 7,583,700 7,583,700 Intergovernmental Revenues 8,796,000 8,796,000 Charges for Services 1,719,580 1,719,580 Fines and Forfeits 1,145,000 1,145,000 Interest 3,713,025 3,713,025 Rents and Leases 800,185 800, I 85 Miscellaneous 4, I 93,467 4.193,467 Other 14,221,5 I 7 14,221,5 I 7 Subtotal $110,109,338 $110,109,338 DEBT SERVICE Ad Valorem Taxes $9,973,902 $9,973,902 Subtotal $9,973,902 $9,973.902 FUND TOTAL $120,083,240 $120,083,240 ENTERPRISE FUNDS Convention CenterrrOPA $10,259,992 $10,259,992 Parking 13,369,300 13,369,300 Sanitation 4,704,893 4,704,893 Water Operations 16,502,12 I 16,502,1 2 I Sewer Operations 27,138,953 27,138,953 Storm Water 3,745,000 3,745,000 FUND TOTAL $75,720,259 $75,720,259 INTERNAL SERVICE FUNDS Central Services $556,368 $556,368 Information Technology 7,527,775 7,527,775 Fleet Management 7,188,23 I 7,188,231 Property Management 4,313,355 4,313,355 Risk Management 10,324,270 10,324,270 FUND TOTAL $29,909,999 $29,909,999 TOTAL-ALL FUNDS $120,083,240 $75,720,259 $29,909,999 $225,713,498 APPROPRIATIONS INTERNAL DEPARTMENT DEP ARTMENT/FUNCTION GENERAL ENTERPRISE SERVICE TOTALS ADMINISTRATION MA YOR & COMMISSION $643,365 $643,365 CITY MANAGER 1,156,110 1,156,110 CITY A TIORNEY 2,701,458 2,701,458 CITY CLERK 1,255,708 1,255,708 CHILDREN'S AFFAIRS 96,038 96,038 ARTS,CUL TURE & ENTERT AINME 340,704 340,704 FINANCE 2,147,770 2,147,770 MANAGEMENT & BUDGET 452,223 452,223 INTERNAL AUDIT 290,649 290,649 HUMAN RESOURCES 1,024,185 1,024,185 RISK MANAGEMENT $10,324,270 10,324,270 COM SERVICES & DEVELOPMENT BUILDING 2,547,653 2,547,653 CODE COMPLIANCE 1,496,129 1,496,129 PLANNING 1,402,540 1,402,540 Adopting Tentative Budgets - FY 1998/99 Page 6 Septem ber 10,1998 Attachment A: (Continued) APPROPRIATIONS (Continued) INTERNAL DEPARTMENT DEPARTMENT/FUNCTION GENERAL ENTERPRISE SERVICE TOTALS COMMIECON DEVELOPMENT 953,700 Community/Economic Development 826,286 Log Cabin 127,414 CONVENTION CENTER/TOPA $10.259,992 10,259,992 PARKING 13,369,300 Administration 1,845,278 On-Street Parking 4,145,832 Off-Street Parking 5,192,084 Debt Service 2,186,106 BASS MUSEUM 839,668 839,668 RECREATION, CULTURE & PARKS 14,876, I 70 Administration 204,060 Beach Patrol 3,999,398 Landscape Maintenance 3,221,8 I 7 Parks Maintenance 2,215,450 Recreation 5,235,445 PUBLIC PROPERTY MANAGEMENT GENERAL SERVICES 20,115,540 Procurement 529,811 Central Services 556,368 Property Management 4,313,355 Information Management 7,527,775 Fleet Management 7,188,231 PUBLIC WORKS 51,001,439 Administration 308,634 Construction Management 814,150 Engineering 748,798 Environmental Resource Mgmt 144,525 StreetslS treetIi gh 15 1,599,258 Sewer Operations 27,138,953 Storm Water 3,745,000 Water Operations 16,502,121 SANITATION 4,704,893 4,704,893 PUBLIC SAFETY FIRE 19,950,406 19,950,406 POLICE 39,265,454 39,265,454 CITYWIDE ACCTS 8,336,161 8,336,161 CITYWIDE ACCTS - RDA So Pointe 3,3 I 5,257 3,315,257 CITYWIDE ACCTS - RDA City Center 2,372,814 2,372,814 CONTINGENCY 500,000 500,000 SUBTOTALS $110,109,338 $75,720,259 $29,909,999 $215,739,596 DEBT SERVICE Debt Service $9,973,902 $9,973,902 TOTAL ALL FUNDS $120,083,240 $75,720,259 $29,909,999 $225,713,498