97-22541 RESO
RESOLUTION NO. 97-22'141
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL
YEAR 1997/98.
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 ofthe 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 1997/98 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 11, 1997, 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 1997/98.
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 1997/98 as summarized herein and listed below:
REVENUES
Ad Valorem Tax
City's General Fund
Total
EXPENSES
Security Service
Maintenance
Utilities
Other Operating
Total
$49,335
41.915
$91.250
$71,550
15,500
3,200
1.000
$91.250
PASSED and ADOPTED this 29th day of September, 1997.
ATTEST:
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CITY CLERK
APPROVED AS TO
FORM & LANGUAGE
& fOR exECUTION
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.City. ~
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\ci.miami-beach.f1.us
COMMISSION MEMORANDUM NO. G. 31-'1 J
SUBJECT:
Mayor Seymour Gelber and DATE: September 24,1997
Members of the City Commission
Jose Garcia_pedrosll
City Manager
A RESOLUTIO F THE BOARD OF DIRECTORS OF THE NORMANDY
SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT
DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL
YEAR 1997/98.
TO:
FROM:
RECOMMENDATION:
Adopt the Resolution which establishes the final operating budget for the District for Fiscal Year
1997/98.
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-=7&lfor details).
ANAL YSIS
The final operating budget for the District is as follows:
REVENUES
Ad Valorem Tax
City's General Fund
Total
$49,335
41.915
$91.250
EXPENSES
Security Service
Maintenance
Utilities
Other Operating
Total
$71,550
15,500
3,200
1.000
$91.250
AGENDA ITEM R 1 b 2.,
DATE~
Normandy Shores FY 1997/98 Final Budget
Page Two
September 24, 1997
The shortfall between the revenues which will be generated from ad valorem tax proceeds and the
total budgetary requirement of the district must be supplemented by a contribution from the General
Fund in the amount of$41,915 or 46% of the total operating budget. The amount provided for this
purpose in the General Fund in FY 1996/97 is $42,552.
It is understood that the city cannot continue to subsidize this service, and to the extent possible, it
should be self-supporting. The Administration will meet with the homeowners' association to jointly
develop recommendations to address this issue, to be presented during the ensuing budget year in
a timely fashion, such that they may be incorporated into the FY 1998/99 budget development
process.
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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