HomeMy WebLinkAboutM-76-0433CITY OF MtAtli, FLORIDA
INtEP•OFFICE MEMORANDUM
to: Honorable Members of
the City Commission
CATE APR 2 1 1970
FILE
sLeJE:.r Progress Report 1975-76 Budget
Ati, au-obte4.---'
FROM P. W. Andrews RcFER6'4c Memorandum of February 2, 1976
City Manager
ENCLCEUPES Chart
On February 2, 1976, I reported to the City Commission that there-11
were several factors that have impacted the 1975-76 Budget which
will require budgetary adjustments to avoid deficit spending this
year. As noted in that memorandum, the City is faced with over-
coming unanticipated expenditures and a fall off of revenues
totalling approximately 52.3 million. Two actions taken to date
to overcome this problem are: a reduction of $150,000 from the
commodity codes of the general operating budgets, and fee adjust- mi
ments increasing revenues by 5200,000. We are presently in the
process of abolishing 75 to 100 vacant positions. This action is
designed with a two -fold purpose in mind:
1. to take advantage of the immediate dollar savings to
the City this year, and
2. to provide a full year impact of approximately $1.2 million
in the 1976-77 budget year.
Attached you will find a table that more fully describes the current
situation and a summary of the recommended actions that must be taken.
These actions will insure that the City will not end the year in
deficit.
Further, I am proposing that the Commission authorize the use of
$1,091,582 from franchise revenues that are not now presently
allocated, and authorize the use of 5900,000 of a total of $6.9
million of the Federal Revenue Sharing funds which the City has
retained as laa funds that were intended to cover the phase down of
the program upon termination.
The actions outlined will resolve the present year's budgetary prob-
lem. In reviewing the 1976-77 budget, it is apparent that the City
will he faced with an approximate'S4.2 million requirement above the
current budget level unless other actions are taken. As indicated
above, immediate actions are being taken to reduce on a permanent
basis 51.2 million from the budget by reducing approximately 75 to
100 vacant positions. The remaining S3 million can be taken from
the balance of the 56.9 million that is considered lag funds in
Federal Revenue Sharing, and 53 million for similar requirements in
1977-78. Upon depletion of these funds, funding can then be made
Page 1 of 2
/1.1 o't i a n1476-,63
Honorable Members of
the City Commission
available on a continuing basis from franchise funds in the amount
of approximately S3,330,000 annually.
The proposed plan will minimize the necessity for a tax increase
for the coming year and will reduce the potential need for a lay-
off of the existing work force. I plan to discuss this matter with
the Commission at the Commission meeting this Thursday, during the
period normally reserved for the City Manager's reports.
Page 2 of 2
Adopted Revenues
GENERAL FUND
CURRENT YEAR FUNDING 1975-76 BUDGET
•
Projected Changes from Adopted Budget
Current Year's Taxes
(operating - 8.619 x 50,441 loss
per rill • $434,750)
(Debt Service - (not included)
2,311 x 50,441 loss per mill
$116,569)
State. Revenue Sharing
(Indicates slight increase for
last quarter)
:'elei.hc^.e Franchise
1Already collected)
Police Cepartrent Reports
rased on new ordinance)
Utility Taxes
(Rate increases)
Parking Ticket Problem
Fund t'a:ancc - 487,167
Less: ?t:bile Law
F.enppropriatien-185,000
$ - 435,000
- 1,100,000
+ 60,000
35,000
630,C.O
50,030
4. 302,167
$ - SE7,833
e
$64,860,565
- 587,833
. (A) $64,272,732
Adopted Budget Expenditures
Proiected Increases from Adopted Budget
Parks and Recreation
(Cashiers, Lifeguards,
Starters)
Croup Insurance
Employees $368,749
Retirees 20,000
$ 160,000
388,749
Self Insurance 235.000
Communications 160,000
(Telephone increases)
Holiday/overtime 400.000
Workmen's Compensation 385,000
Florida Industrial
Commission 25,000
Summary of Hudaetary Requirements
(A) Revenue $64,272,732
(B) Expenditure 66,614,314
$ 2,341,582
$1,753,749
$64,860,565
+1,753,749
(B) $66,614,314
1.