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09-04-2012 Budget Hearing MeetingMIAMI SHORES VILLAGE BUDGET HEARING — FISCAL YEAR 2012-13 The Miami Shores Village Council held the first of two Public Hearings on the proposed Fiscal Year 2012-2013 Operating Budget on Tuesday, September 4, 2012. The Meeting was held in the Council Chambers of Village Hall and was called to order at 6:40 PM with the following members present: PRESENT: Jim McCoy (arrived prior to the vote on the Item 3) Hunt Davis Steve Loffredo Jesse Walters ALSO PRESENT: Tom Benton, Village Manager Barbara Estep, Village Clerk Richard Sarafan, Village Attorney Holly Hugdahl, Finance Director 1) PRESENTATION AND DISCUSSION OF THE PROPOSED BUDGET AND PROPOSED MILLAGE RATE (8.0000 AND 0.7500) FOR OPERATING AND DEBT SERVICE RESPECTIVELY. Mr. Benton stated the purpose of the Hearing, indicating that he and the Council had reviewed the proposed budget with the various Department Heads during the budget workshop held in July. Mr. Benton advised that the Administration had presented a balanced budget with a proposed tax rate of • 8.0000 mils and a proposed General Fund Budget $12,739,550 and a total budget of all funds of $22,399,766. Mr. Benton stated that the roll -back rate is 7.5316 mils and the proposed millage of 8.000 represents an increase of 6.22% over the roll -back rate. Mr. Benton advised that the increase over the roll -back rate is due to an increase in the contribution to the police pension fund and in the operating expenses in general. Mr. Benton indicated that there were no proposed cuts in services within the presented budget. 2) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES VILLAGE, FLORIDA, ESTABLISHING TENTATIVE AD VALOREM TAX LEVIES FOR THE GENERAL FUND AND OTHER FUNDS OF THE VILLAGE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2012; PROVIDING FOR AN EFFECTIVE DATE. Ms. Estep read the resolution into the record. Councilman Loffredo moved approval of the resolution as presented. Councilman Walters seconded the motion. Vice Mayor Davis opened the floor for the public hearing. Seeing no one step forward to speak, Councilman Loffredo commented on the Village's attempts to keep the millage rate constant and not raise the millage rate for the upcoming fiscal year. Vice Mayor Davis closed the public hearing on Item 2 and called for the vote, which was unanimous in favor of the motion. 3) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES VILLAGE, FLORIDA, TENTATIVELY ADOPTING THE FISCAL YEAR 2012-2013 BUDGETS, SETTING THE TIME, DATE AND PLACE OF THE SECOND OF TWO PUBLIC HEARINGS TO DISCUSS THE AD VALOREM TAX LEVIES AND CORRESPONDING BUDGETS; AND PROVIDING FOR AN EFFECTIVE DATE. • s. Ms. Estep read the resolution for the record. Councilman Walters moved approval of the Resolution as presented. Councilman Loffredo seconded the motion. Vice Mayor Davis opened the floor for the public hearing. A Village resident, Mr. John Rodriguez, of 29 N.W. 107t Street, inquired about the fund balance and asked if the Village had looked into other ways to deliver services to the residents. Councilman Loffredo provided a response, including information regarding issues surrounding the police pension fund. As no one else wished to speak, Vice Mayor Davis closed the public hearing. Mayor McCoy arrived at this time and offered some brief remarks regarding the budget document. Councilman Walters inquired about the timeframes for the debt service obligations. Mr. Benton indicated that he believed the aquatic center bond has 19 years remaining and the Charter School has 23 years remaining. At the conclusion of the discussions, Mayor McCoy called the question and the vote was unanimous in favor of the motion. 4) ADJOURNMENT The September 4, 2012 Budget Hearing was adjourned at 6:58 PM. Jim McCoy, Mayor • Barbara A. Estep, MMC Village Clerk •