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07-09-2008 Budget Workshop Meeting• • • MIAMISHORES VILLAGE FISCAL YEAR 2008-2009 BUDGET WORKSHOP MEETING The Miami Shores Village Council met on Tuesday, July 8, and Wednesday, July 9, 2008 and conducted their Fiscal Year 2008-2009 Budget Workshop in the Village Hall's Conference Room. The July 8, 2008 meeting was called to order at 6:00 PM with the following members present: PRESENT: ALSO PRESENT: Herta Holly Steve Loffredo Hunt Davis Prospero Herrera JC Rodriguez Tom Benton, Village Manager Barbara Estep, Village Clerk Lisa Keeley, Carolyne Modeste, and Holly Hugdahl, from the Finance Department Mayor Holly called the Workshop Meeting to order, stating that she hoped that the Council Members had had time to review the budget and meet individually with Mr. Benton to go over the document. Mayor Holly then introduced Mr. Benton, who offered introductory remarks, including information regarding the effect of both State Legislation and voter approved tax reform measures. Mr. Benton indicated that the budget document represented a balanced budget, with a General Fund budget of $11,913,799 and included a Capital Budget to be funded using surplus monies from the FY07-08 budget year. Mr. Benton advised that by calculating the maximum millage rate allowed by current State Law, the Village can levy up to 7.73 mills but based on the County's reporting of assessed property values, the budget is balanced using 7.6351 mills. Mr. Benton then offered highlights contained within the proposed budget, including the fact that the proposed debt service millage rate will be reduced to 0.6578 (0.2402 and 0.4176) for debt service tax levies on the aquatic center and charter school general obligation bonds. Mr. Benton stated that the Sanitation and Stormwater fees will remain at the current levels for the new fiscal year beginning October 1, 2008. Mr. Benton reviewed the Village's revenue projections and responded to Council questions regarding the stated projections. The Department Heads and the Village Council reviewed the following individual Departmental Budgets on Tuesday, July 8th. Mr. Benton and the Department Heads advised the Council of budget cuts and program changes made within their respective budgets and responded to questions posed by the Council Members. There were no suggested amendments made to the presented budgets. Library Recreation Planning and Zoning Police Department Public Works • The Tuesday, July 8th portion of the Council Budget Workshop was adjourned at 7:40 PM. • • The Council Budget Workshop was reconvened at 6:00 PM on Wednesday, July 9th with all Council Members present (Mr. Davis arrived 10 minutes late). In addition, Mr. Benton and Ms. Estep were also present, along with representatives from the Finance Department. The Village Council and the Department Heads reviewed the following individual Departmental Budgets on Wednesday, July 9u'. Mr. Benton and the Department Heads advised the Council of budget cuts made within their budgets and responded to any questions posed by Council. There were no suggested amendments to the proposed operating budgets: Code Enforcement Building Department Village Attorney Village Council Village Clerk Village Manager Finance Department Non -Departmental At the conclusion of the departmental reviews, Council Members advised Mr. Benton that they would like to use the 7.6351 millage rate rather than the higher millage rate permitted. In addition, the Council thanked the staff for their work in preparing the budget document. The Council Budget Workshop on the proposed Fiscal Year 2008-2009 Operating Budget was adjourned at 7:40 PM. Barbara A. Estep, MMC Village Clerk Herta Holly, Mayor