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07-15-2002 Budget Workshop Meeting• • • MIAMI SHORES VILLAGE FISCAL YEAR 2002-2003 BUDGET WORKSHOP MEETING The Miami Shores Village Council met on Monday, July 15, 2002 and conducted their Fiscal Year 2002-2003 Budget Workshop in the Village Hall's Conference Room. The meeting was called to order at 6:30 Pm with the following members present: PRESENT: Mayor Davis Greg Ullman Prospero Herrera Mark Ulmer ALSO PRESENT: Tom Benton, Village Manager Barbara Fugazzi, Village Clerk Mark Malatak, Finance Director ABSENT: Bob Blum Mr. Benton offered introductory remarks, noting some of the highlights contained within the proposed budget, including a decrease in the regular ad valorem millage rate to 7.7500; a constant debt service millage rate; an increase from $420.00 to $440.00 in the annual residential garbage rate; and an increase from $7.50 to $8.00 per quarter, per ERU, in the stormwater utility rate. Mr. Benton reported that the total assessed value of Miami Shores' properties, as reported by Miami -Dade County, increased by 9.58% for a total of $482,755,673. Mr. Benton stated that the individual Department Heads were present to answer any questions that may arise during the discussions. Mark Malatak, the Village's Finance Director, provided information on the various revenue funds and projected revenues for the new fiscal year. The Village Council reviewed the individual Departmental Budgets and, along with the residents in attendance, asked questions of the applicable Department Heads. The following Departments were discussed and no changes in the proposed operating budgets were suggested: Recreation Code Enforcement Library Mayor & Council Police Department Village Attorney Public Works Village Clerk Building Department Finance Department Planning & Zoning Non -Departmental Mayor Davis proposed an increase in the Village's contribution to the Village Manager's deferred compensation account to the maximum amount allowed by the IRS rules. The increase amounts to approximately $4,000 and does not impact the Manager's salary. Following a brief discussion regarding the Mayor's proposal, the Council Members reached a consensus to increase the Manager's deferred compensation account. • • • Mr. Ullman indicated that he wanted to discuss two issues relating to the proposed budget. Firstly, he stated that he would like to see monies added to the budget to fund a grant for The Shores Performing Arts Theater. Mr. Ullman explained his reasoning for the request and asked for the other Council Members' thoughts. The individual Council Members offered their opinions regarding including the funding in the budget, suggesting that when the current funds are exhausted the Theater return to the Council and request additional consideration. Mr. Ullman stated that although the Council did not agree to include the funding, he would request an amendment to the budget during the regular Council Meeting of July 16, 2002. Secondly, Mr. Ullman asked that the Council consider not lowering the millage rate but to keep it at the current 8.0000 mills and use the difference in revenues versus expenses to pay for the anticipated start-up costs for a charter high school. Mr. Ullman expressed his belief that funding for the school should be designated and specifically appropriated for use only on the start-up costs for the school. Individual Council Members indicated that prior to taxing the residents and appropriating funds for a school, they preferred to wait until a location had been found for the school and a determination of how much the school would cost. They indicated that when the time came and it became necessary, funding could be allocated. Mr. Ullman stated that he would formalize his request during the regular Council Meeting of July 16, 2002. The July 15, 2002 Budget Workshop on the proposed Fiscal Year 2002-2.003 Operating Budget was adjourned at 7:45 PM. anC- Barbara A. Fugazzi, CMC Village Clerk A avis, Mayor