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2007-26652 ResoRESOLUTION NO. 2007-26652 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICT ADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR (FY) 2007/08. WHEREAS, for the purpose of providing security services within the Normandy Shores neighborhood area, the Mayorand 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 purpose of providing security services within the District, a final budget has been developed to fund projected FY 2007/08 operating expenses as well as repay the City for the shortfall in FY 2006/07; 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 26, 2007, pursuant to Section 200.065 of the Florida Statutes, a public hearing was held before the Mayor and City Commission, acting as the Board, to discuss the operating millage rate and operating budget for the District for FY 2007/08. 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 2007/08 as summarized herein and listed below.: Revenues Ad Valorem Tax City's General Fund Total Expenses Security Service Maintenance Repayment of FY 07 shortfall Total $ 148,820 55.013 $ 203,833 $ 138,902 18,282 46,649 $,. 203,8~i3 PASSED and ADOPTED this 26th day of 07. of the District ATTEST: '~~ W~ Secretary to the District Robert Parcher David Dermer APPROVED AS TO FORM & LANGUAGE FOR UTION g 2'+ Q~ ey ate COMMISSION ITEM SUMMARY Condensed Title: A resolution adopting the final operating budget for the Normandy Shores Local Government Neighborhood Improvement District for Fiscal Year (FY) 2007/08. intended outcome su Increase resident ratings of public safety services; Maintain crime rates at or below national trends Supporting Data (Surveys, Environmental Scan, etc.): Safety across .the City (preventing crime, drugs, gangs, speeding cars) was ranked number one by residents as one of the most important areas affecting their quality of life and it was also mentioned as one of the changes that would make Miami Beach a better place to live, work, play, or visit. Safety during the day appeared as a key driver for resident's perceptions of Miami Beach as a place to live and overall quality of life. Also, crime prevention was ranked number four by residents as one of the most important areas that the City can address with regards to public safety. Issue: Shall the Mayor and City Commission, acting in its capacity as the Board of Directors for the Normandy Shores Local Government Neighborhood Improvement District, approve the final operating budget for the District for FY 2007/08 in the amount of $203,833? Item summaryiltecommenaation: The operating budget to provide security services to this district is $157,184. This is a 16% increase over the FY 2006/07 amount of $135,254 due to increased contract costs. An additional $46,649 is included in the budget to cover an FY 2006/07 revenue shortfall that was advanced by the City, due to an error by the Miami-Dade County Property Appraiser with the Certified 2006 Taxable Value. The final ad valorem millage recommended by the Administration is 1.0363 to provide the current level of security required by this district and repay the City for the shortfall in FY 2006/07. This tax levy will generate proceeds of $148,820.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 by a contribution from the General Fund in the amount of $55,013 or 35% of the operating budget. The General Fund has funded this difference for each of the thirteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2006/07 was $47,305. Adviso Board Recommendation: Financial Information: Source of Amount Account Approved Funds: 1 $ 148,820 Normandy Shores District 2 55,013 General Fund Total $ 203,833 Financial Impact Summary: Clerk's Office Leaislative Trackina: Si n-Offs: Department Director _ Assistant City Manager City Manager ~~ ~ ~ ~~" ~ AGENQ~A ITEM ~1 `~ 2 ~ o~Tl: 9-a6-~~ m- MIAMIBEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor David Dermer and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: September 26, 2007 SUBJECT: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NORMANDY SHORES LOCAL GOVERNMENT NEIGHBORHOOD IMPROVEMENT DISTRICTADOPTING THE FINAL OPERATING BUDGET FOR FISCAL YEAR (FY) 2007/08. ADMINISTRATION RECOMMENDATION Adopt the Resolution which establishes the final operating budget for the District for FY 2007/08 in the amount of $203,833. BACKGROUND The Normandy Shores Local Government Neighborhood Improvement District, a dependent taxing district of its principal, the City of Miami Beach, was established in 1994 to provide continual 24-hour security to this gated community; FY 2007/08 represents its fourteenth year of operation. It was established by Ordinance 93-2881, and has the authority "to levy an ad-valorem tax on real and personal property of up to two mills, provided that no parcel of property will be assessed more than $500 annually for such improvements". 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 eventually be funded from the golf course operation of the Normandy Shores Golf Course. It was further agreed that the City would continue to supplement the District at current levels until both issues were resolved. On August 29, 2002, the Administration met with the Normandy Shores Local Govemment Neighborhood Improvement District representatives and agreed to eliminate the $500 cap on the highest valued home in the District. The enabling legislation was adopted by the Commission on September 25, 2002. This ensures that the City's contribution from the General Fund remains at 35°/a of the operating budget of the District. On June 29, 2007, the City received a revised 2006 taxable value from the Property Appraiser in the amount of $126,517,149. The reduction was a correction to an error made by the Property Appraiser last year. Had the millage been based on this correct value for FY 2006/07, it should only have been reduced from 0.814 to 0.720. Therefore, property tax collections in FY 2006/07 are projected to be $46,649 less than budgeted resulting in a shortfall which will need to be advanced from the City and repaid by the Normandy Shores taxing district in FY 2007/08. Accordingly, the Normandy Shores taxing district millage needs for FY 2007/08 needs to be set at the level needed to cover FY 2007/08 expenditures (0.7115) as well as repay the FY 2006/07 shortfall (0.3248) for a total Normandy Shores millage of 1.0363. Page 2 Normandy Shores Budget Pursuant to the Roll-Back component of the legislation adopted by the Florida legislature in June, the aggregate taxes levied by the City of Miami Beach and any dependent taxing district within the City of Miami Beach for FY 2007/08 are required to be to the roll back rate plus an additional 9% reduction. Because of reductions in the overall Citywide millage, the aggregate taxes levied, including Normandy Shores will be 9 percent less than the Roll-Back Rate, as required. 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 R7B1 for details). ANALYSIS The final operating budget for the District is as follows: Revenues Ad Valorem Tax $ 148,820 City's General Fund 55,013 Total $ 203,833 Expenses Security Service $ 138,902 Maintenance 18,282 Repayment of FY 07 shortfall 46.649 Total $ 203,833 On September 17, 2007, the Mayor and City Commission adopted the operating budget for the District in the amount of $203,833 and an operating millage of 1.0363 mills. The operating expenditures to provide security services at the current service level to this district is $157,184, a 16% increase over the FY 2006/07 amount of $135,254, due to increased contract costs. An additional $46,649 is included in the budget to fund the FY 2006/07 shortfall arising from the error made by the County Property Appraiser's Office, for a total budget of $203,833. The final ad valorem millage recommended by the Administration is 1.0363 mills to provide the current level of security required by this district and repay the City for the shortfall in FY 2006/07. This tax levy will generate proceeds of $148,820.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 by a contribution from the General Fund in the amount of $55,013 or 35% of the total operating budget. The General Fund has funded this difference for each of the thirteen years since the District was established. The amount provided by the General Fund for this purpose in FY 2006/07 was $47,305. 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 the final operating budget. JMG:KGB:JC F:\obpi\$BUD\BUDDOC\BUDRESOS\OS-RESOS\2nd Pub Hrg 09-28-0'7\08 NS Final Budgl Memo & Reso.doc 34 i, ' [A- N11AN11 BEACH ` CITY OF MIAMI BEACH L NOTICE OF A SPECIAL CITY COMMISSION MEETING w # Se ember 26, 2007, commencing NOTICE IS HEREBY given that a Special CommCssio~ A'~i g~hdFlonda, on Wedn~esdaY,udgpt Public Hearings for FY 2007 Ha11,1700 Convention Center Drive, Miami Beach, Florida. ` 2006 will be held by the City Commission of the ty z 1 at 5:00 P.M., in the Commisswn Chambers, 3rd floor, C'dy 5.'01 p.m. ~ ado ti the ro millage rate and budget for FY 2007/2008 for the City of Miami Beach. ~ ~ The second public hearing P n9 P PO58d u; ~.- N .~ z E 0 u a m f 5:02 p.m. ~d milla a rate and budget for FY 2007/2008 for the Normandy Shores Local The second public hearing adopting the propo 9 Government Neighbofiood Improvement District. related business at this meeting. In addition, the City Commission will be discussing other City Inquiries concerning this meeting should be directed to the Office of Budget and Performance Improvement at (305) 673-7510. Robert E. Parcher, City Clerk City of Miami Beach decides to appeal any decision made pursuant to Section 286.0105, Fla. Stat., the ChY hereby advises the public that: if a PemOn. such rson must ensure that a by the City Commission with respect to any matter considered at its meeting or its heanng, Pe al is to be verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appe , based. This notice does not constitute consent by ~ t ~~~~~aj~ ~ b lawadm~ssbn of otherwise inadmissible or irrelevant evidence. nor does it authorize challenges or appea To request this material in accessible format, sign language interpreters, informatwn on access for persons with disabilities, and/or any accommodation to review any document or participate in any c'dy-sponsored proceeding, please contact (305) 604-2489 (voice), (30573-7218(TTY) five days in advance to initiate your request. TTY users may also call 711 (Florida Relay Service). I Ad #451