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07-11-2006 Budget Workshop Meeting• • • MIAMI SHORES VILLAGE FISCAL YEAR 2006-2007 BUDGET WORKSHOP MEETING The Miami Shores Village Council met on Tuesday, July 11, 2006 and conducted their Fiscal Year 2006-2007 Budget Workshop in the Village Hall's Conference Room. The meeting was called to order at 6:00 PM with the following members present: PRESENT: ALSO PRESENT: Mayor Davis JC Rodriguez Herta Holly Jim McCoy Tom Benton, Village Manager Barbara Estep, Village Clerk Mark Malatak, Finance Director Richard Sarafan, Village Attorney Mr. Benton offered introductory remarks, noting some of the highlights contained within the proposed budget, including the fact that the proposed ad valorem millage rates would remain at 8.2500 and the debt service millage rate would be reduced to 0.8559 for debt service tax levies on the aquatic center and charter school general obligation bonds. Mr. Bentonstated that the sanitation and Stormwater fees would remain unchanged from the previous year. Mr. Benton reported that the total assessed value of Miami Shores' properties, as reported by Miami -Dade County, increased once again, adding approximately $111,000,000 to the assessed property values. Mr. Benton indicated 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, including the fund balance for all funds. The Department Heads and the Village Council reviewed the individual Departmental Budgets. The following Departments were discussed and no changes in the proposed operating budgets were suggested: Recreation Library Police Department Public Works Building Department Planning & Zoning Code Enforcement Mayor & Council Village Attorney Village Clerk Finance Department Non -Departmental Within the Village Manager Department, Mr. Benton's compensation was discussed. Mayor Davis suggested that Mr. Benton's salary be raised to $155,200 (representing an approximate 4% increase), as well as an extra week of vacation time awarded for his outstanding performance, long hours and dedication to the Village. Following a brief • • • discussion, the Council Members reached a consensus to go along with Mayor Davis' suggestion and raise Mr. Benton's salary to $155,200 and add one week to his annual vacation accrual. The July 11, 2006 Budget Workshop on the proposed Fiscal Year 2006-2007 Operating Budget was adjourned at 7:00 PM. Barbara A. Estep, MMC Village Clerk Al Davis, Mayor