HomeMy WebLinkAboutR-99-0464J-99-551
6/15/99
VVL"nT.TT1rTn'KT ATn 9 .I 464
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), APPROVING THE PROPOSED
BUDGET FOR THE CITY OF MIAMI, FLORIDA FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1999 AND
ENDING SEPTEMBER 30, 2000, AND AUTHORIZING
THE CITY MANAGER TO SUBMIT SAID PROPOSED
BUDGET ESTIMATE TO THE FINANCIAL EMERGENCY
OVERSIGHT BOARD.
WHEREAS, the Charter of the City of Miami requires that not
later than one month before the end of each fiscal year the City
Manager prepare and submit to the City Commission a budget
estimate of the expenditures and revenues of all departments,
divisions, and offices; and
WHEREAS, the Intergovernmental Cooperation Agreement dated
December 23, 1996, by and among the Governor of the State of
Florida, the Financial Emergency Oversight Board and the City of
Miami, requires the City Commission to approve and submit in
writing to the Financial Emergency Oversight Board a proposed
budget for the forthcoming fiscal year ninety days prior to the
beginning of the City's new fiscal year; and
WHEREAS, the City Commission has stated its intent to
provide ad -valorem tax and other fee relief upon implementation
ATTACH MER1T PSi
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JU N 2 2 1999
RewiufAm No.
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of the parking surcharge; and
WHEREAS, the City Commission will modify its proposed
revenue budget to reflect parking surcharge revenue and
ad -valorem tax/fee reductions prior to the adoption of the FY
2000 budget ordinance;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are hereby adopted by .reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City of Miami Commission pursuant to its
Charter and the Intergovernmental Cooperation Agreement entered
into on December 20, 1996 by and among the Governor and the
Financial Emergency Oversight Board hereby approves the "Proposed
Budget Fiscal Year 1999-2000" "
Section 3. The City Manager is hereby directed to
transmit a copy of the said City of Miami "Proposed Budget Fiscal
Year 1999-2000" to the Financial Emergency Oversight Board.
Section 4. This Resolution shall become effective
immediately upon its
�i The herein authorization is further subject to compliance with
all requirements that may be imposed by the City Attorney,
including but not limited to those prescribed by applicable City
Charter and Code provisions.
2 -
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r
adoption and signature of the Mayor.a/
PASSED AND ADOPTED this 22nd day of Jude , 1999.
JOE CAROLLO, MAYOR
In accordance with Minmi Code Sec. 2-36, since the Mayor dkt not indicate approval of
this legislation by signing it in the designated dace prollf fed, said legislation novr
becomes effective with the elapse of ten (10) day rom the d f Commission action
regarding same, without the Mayor exer/ci . a to
V
ATTEST: Walter J. Foeman, City Clerk
WALTER J. FOEMAN
NESS : t/
If the Mayor does not sign this Resolution, it shall become
effective at the end of ten calendar days from the date it was
passed and adopted. If the Mayor vetoes this Resolution, it
shall become effective immediately upon override of the veto by
the City Commission.
TO: Honorable Mayor and
Members of the City Commission
FROM:' In /al�aw
City Manager
RECOMMENDATION
CITY OF MIAMI. FLORIDA 22
INTER -OFFICE MEMORANDUM
DATE : W 15 U FILE :
SUBJECT: Approving Proposed FY 2000
Budget
REFERENCES:
ENCLOSURES: One
It is respectfully recommended that the City Commission approve the attached resolution
accepting the Proposed Budget for the City of Miami for the Fiscal Year beginning October
1, 1999 and ending September 30, 2000. This Proposed Budget reflects a General Fund
appropriation in the amount of $305.8 million, which represents a 2% increase over
the FY 1999 Amended Budget. The total of all other funds including the general fund is
balanced at $468.5 million and reflects a .4% decrease from the FY 1999 Amended Budget.
BACKGROUND
The Intergovernmental Cooperation Agreement dated December 23, 1996 by and among
the Governor of the State of Florida, the Financial Emergency Oversight Board and the
City of Miami requires the City Commission to approve and submit in writing a proposed
budget. The Proposed Budget is required to be submitted at least 90 days prior to October
1, 1999, the beginning of the new fiscal year.
Summary Comparison: F)' 1999 Amended Budget to Proposed FY 2000 Budget
FY 1999
FY 2000
AMENDED
PROPOSED
FUND
BUDGET
BUDGET
DIFFERENCE
INC/DEC
Revenue
General
% 300.003.817 $
305,842,246
$ 5,638,429
1.9%
Special Revenue
114.818.326
122,298,563
7,480,237
6.5%
Debt Service
53,625.714
40,329.233
(13,296,481)
-24.8%
Trust and Agency
1.940.158
(1,940,166)
-100.0%
Total
5 470.388.015 S
468.470.042
S (1.917.973)
-0.4%
Expenditure
General
$ 300,003,817 $
305.842,246
S 5.838,429
1.9%
Special Revenue
114,818.326
122.298,563
7,480,237
6.5%
Debt Service
53,625.714
40,329.233
(13.296,481)
-24.8%
Trust and Agency
1,940.15E
(1,940,158)
-100.0%
Total $ 470,388,015 $ 468,470,042 $ (1,917.973) -0.4%
S9- 464
The FY 2000 Proposed Budget provides for the following:
✓ Revenue assumptions consistent with those contained in the Five -Year Plan. As such,
parking surcharge revenue or any corresponding ad valorem millage/fee reductions are
not included at this time. The Chair of the Financial Oversight Board (FOB) and
members of the Revenue Estimating Conference have been notified of the City
Commission's intent to implement tax/fee reductions with the passage of the panting
surcharge. A revised revenue forecast reflecting tax/fee relief will be included in the
final Budget Ordinance.
✓ A .39 mill reduction for debt service or the equivalent of $29.25 for a residential home
valued at $100,000, adjusted for the homestead exemption.
✓ Reserve levels as set forth by the Financial Oversight Board.
✓ Meets all of the City's contractual (labor) obligations, and establishes the
Neighborhood Enhancement Teams (NET) and Risk Management as major City
priorities.
✓ A Budget presentation that conforms to the State Chart of Accounts and Generally
Accepted Accounting Principles.
99- 4G4
TO: Honorable Mayor and
Members of the City Commission
FROM: I/nak�arsaw
City Manager
RECOMMENDATION
y
CITY OF MIAMI, FLORIDA 22
INTER -OFFICE MEMORANDUM
DATE : im 15 IN FILE:
SUBJECT: Approving Proposed FY 2000
Budget
REFERENCES:
ENCLOSURES: (Otte
It is respectfully recommended that the City Commission approve the attached resolution
accepting the Proposed Budget for the City of Miami for the Fiscal Year beginning October
1, 1999 and ending September 30, 2000. This Proposed Budget reflects a General Fund
appropriation in the amount of $305.8 million, which represents a 2% increase over
the FY 1999 Amended Budget. The total of all other funds including the general fund is
balanced at $468.5 million and reflects a .4% decrease from the FY 1999 Amended Budget.
BACKGROUND
The Intergovernmental Cooperation Agreement dated December 23, 1996 by and among
the Governor of the State of Florida, the Financial Emergency Oversight Board and the
City of Miami requires the City Commission to approve and submit in writing a proposed
budget. The Proposed Budget is required to be submitted at least 90 days prior to October
1, 1999, the beginning of the new fiscal year.
Summary Comparison: FY 1999 Amended Budget to Proposed FY2000 Budget
FUND
FY 1999
AMENDED
BUDGET
FY 2000
PROPOSED
BUDGET
DIFFERENCE
%
INClDEC
Revenue
General
S 300,003,817 S
305,842.246
$ 5,838,429
1.9%
Special Revenue
114.818,326
122.298,563
7,480.237
6.5%
Debt Service
53,625,714
40.329,233
(13.296.481)
-24.8%
Trust and Agency
1,940,158
-
(1,940,158)
-100.0%
Total
$ 470.388,015 $
468.470.042
$ (1,917,973)
-0.40,6
Expenditure
General
$ 300.003,817 $
305,842.246
$ 5,838,429
1.9%
Special Revenue
114.818,326
122.298,563
7,480.237
6.5%
Debt Service
53,625.714
40,329,233
Trust and Agency
1,940,158
(1,940,158)
-100.0%
Total $ 4-10.388,015 $ 468,470,042 $ (1,917,973) -0.4%
99- 464
The FY 2000 Proposed Budget provides for the following:
✓ Revenue assumptions consistent with those contained in the Five -Year Plan. As such,
parking surcharge revenue or any corresponding ad valorem millage/fee reductions are
not included at this time. The Chair of the Financial Oversight Board (FOB) and
members of the Revenue Estimating Conference have been notified of the City
Commission's intent to implement tax/fee reductions with the passage of the parking
surcharge. A revised revenue forecast reflecting tax/fee relief will be included in the
final Budget Ordinance.
✓ A .39 mill reduction for debt service or the equivalent of $29.25 for a residential home
valued at $100,000, adjusted for the homestead exemption.
✓ Reserve levels as set forth by the Financial Oversight Board.
✓ Meets all of the City's contractual (labor) obligations, and establishes the
Neighborhood Enhancement Teams (NET) and Risk Management as major City
priorities.
✓ A Budget presentation that conforms to the State Chart of Accounts and Generally
Accepted Accounting Principles.
99- 4G4