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LTC 256-2020 Budget Advisory Committee MotionM IA M I BEACH OFFICE OF THE CITY MANAGER LTC# 256-2020 LETTER TO COMMISSION TO: Mayor Dan Gelber and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: July 15, 2020 SUBJECT: Budget Advisory Committee Motion The purpose of this Letter to Commission (LTC) is to inform the Mayor and City Commission of a motion passed by the Budget Advisory Committee at its meeting on July 14, 2020. The Budget Advisory Committee has reviewed the proposed Operating and Capital Budgets and we consider the approaches taken to balance the budget to be well thought out. We are pleased that the use of Reserves will be kept to a minimum to ensure that the City is in a strong financial position for hurricane season, the uncertainty from COVID-19, and other unforeseen events that can impact the budget. Motion made by Marc Gidney Motion second by: Carl Linder Motion passed: 8-0 Attachments hu hwettwti „. o o..- JLM/JW/TOS C ity o f M ia m i B e a c h B u d g e t A d v is o ry C o m m itte e M e e tin g o f J ul y 14, 2 0 2 0 M em b ers Present: Jo na tha n Belo ff , Jo hn Bo w es, Terri Echar te, M ar c G id ney, M o jd e h K h a g h a n , C ar l Li n d e r , R o n a ld S tar k m a n, Steve Z uckerm a n M e m b ers A b sent: N o ne M o tio n Text: The Budget Advisory Committee has reviewed the proposed Operating and Capital Budgets and we consider the approaches taken to balance the budget to be well tho ug ht out. We are pleased that the use of Reserves will be kept to a minimum to ensure tha t the Ci ty is in a stro ng fina ncia l p o sition for hurrica ne season, the uncertainty fro m C O VID -19 , and other unfo rese e n events tha t ca n im p a ct the b udg e t. Motion Passage: Vote 8-0 Motion made by Marc Gidney Motion second by: Carl Linder Motion passed: 8-0 B A C M o tio n 0 7 -1 4 -2 0 Final Audit Report 2020-07-16 Created: 2020-07-15 By: Francis Frances (FrancisFrances@miamibeachfl.gov) Status: Signed Transaction ID: CBJCHBCAABAA-BDysccVaBe3q9-DDix4pbYerZRbc0Gz "BAC Motion 07-14-20" History 'El Document created by Francis Frances (FrancisFrances@miamibeachfl.gov) 2020-07-15 - 7.09:56 PM GMT- IP address: 165.225.222.156 E'. Document emailed to Tameka Otto Stewart (tamekaottostewart@miamibeachfl.gov) for signature 2020-07-15 - 7:15:53 PM GMT 'El Email viewed by Tameka Otto Stewart (tamekaottostewart@miamibeachfl.gov) 2020-07-16- 1.04:24 PM GMT- IP address: 165.225.222.176 Document e-signed by Tameka Otto Stewart (tamekaottostewart@miamibeachfl.gov) Signature Date: 2020-07-16-1 :04:39 PM GMT - Time Source: server- IP address: 165.225.222.176 e¡ Document emailed to John Woodruff (johnwoodruff@miamibeachfl.gov) for signature 2020-07-16-1 :04:40 PM GMT 'El Email viewed by John Woodruff (johnwoodruff@miamibeachfl.gov) 2020-07-16-1 :08:44 PM GMT- IP address: 165.225.222.154 Document e-signed by John Woodruff (johnwoodruff@miamibeachfl.gov) Signature Date: 2020-07-16-1 :09:29 PM GMT- Time Source: server- IP address: 165.225.222.154 C Document emailed to Jimmy Morales (jimmymorales@miamibeachfl.gov) for signature 2020-07-16- 1:09:30 PM GMT P Email viewed by Jimmy Morales (jimmymorales@miamibeachfl.gov) 2020-07-16-1:28:27 PM GMT- IP address: 165.225.222.161 Document e-signed by Jimmy Morales (jimmymorales@miamibeachfl.gov) Signature Date: 2020-07-16- 1:29:.28 PM GMT- Time Source: server- IP address: 165.225.222.161 O Signed document emailed to Jimmy Morales (jimmymorales@miamibeachfl.gov), Tameka Otto Stewart (tamekaottostewart@miamibeachfl.gov), Francis Frances (FrancisFrances@miamibeachfl.gov), and John Woodruff (johnwoodruff@miamibeachfl.gov) 2020-07-16- 1.29:28 PM GMT ■AdobeSign