98-22902 RESO
RESOLUTION NO. 98-22902
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL
YEAR 1998/99.
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 1998/99 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 10, 1998, 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 1998/99.
NOW, THEREFORE BE IT nUL Y 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 1998/99 as summarized herein and listed below:
REVENUES
Ad Valorem Tax
City's General Fund
Total
$50,850
40.400
$91.250
EXPENSES
Security Service
Maintenance
Utilities
Other Operating
Total
$70,900
16,150
3,200
1.000
$91.250
PASSED and ADOPTED this 23rd day of September, 1998.
~
MAYOR
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CITY CLERK
APPROVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
OVED
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T AND BUDGET
~ITY OF MIAMI BEACH
;ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
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COMMISSION MEMORANDUM NO. ~ Y 5 _C]<;?
TO:
Mayor Neisen O. Kasdin and
Members of the City Co mission
DATE: September 23,1998
FROM:
Sergio Rodriguez
City Manager
SUBJECT:
l
A RESOLD ION OF THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL
YEAR 1998/99.
RECOMMENDATION:
Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year
1998/99.
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)
ANAL YSIS
The final operating budget for the District is as follows:
REVENUES
Ad Valorem Tax
City's General Fund
Total
$50,850
40.400
$91.250
EXPENSES
Security Service
Maintenance
Utilities
Other Operating
Total
$70,900
16,150
3,200
1.000
$91.250
AGENDA ITEM R 1 E ~
DATE 9 -),3-1,1
Normandy Shores FY 1998/99 Final Budget
Page Two
September 23, 1998
The gap 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 $40,400 or 44% of the
total operating budget. The General Fund has funded this gap for each of the four years since the
District was established. The amount provided by the General Fund for this purpose in FY1997/98
was $41,915.
During the year 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 gate guard. This cost will eventually be funded from the golf course operation of the
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.
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