Item Coversheet
Commission Agenda Item
 

MEETING DATE:  9/10/2018

SUBJECT:  Resolution 18-26 Relating to the Levy of General Purpose Ad Valorem Taxes for the 2018 Tax Year; and Resolution 18-27 Relating to its Budget for the 2018-2019 Fiscal Year

PREPARED BY:  Robert A. Bonetti, Finance & Administrative Services Director

RECOMMENDED ACTION:

1) Conduct Public Hearing;

2) Adopt Resolutions 18-26; and 18-27; and,

3) Authorize the Mayor's signature.

 

Summary

The City of Alachua Commission must hold a Public Hearing on the City's Fiscal Year 2018-2019 Tentative Millage Rate and Tentative Budget as required by Florida Statutes, Chapters 129 and 200 and as advertised in the Truth-In-Millage (TRIM) Notices distributed by the Alachua County Property Appraiser's Office.

 

This evening we will take a number of actions related to the adoption of the millage rate and proposed budgets.  The Final Public Hearing on these matters will be held on Monday, September 24, 2018 at 6:00 p.m. in this same location, Alachua City Hall Commission Chambers.

 

During the month of August 2018, the City Manager presented to the City Commission the proposed budgets by major fund type.  The tentative budgets presented totaled $41,904,471.  The FY 2018-2019 Tentative Budget is $8,485,141 less than the FY 2017-2018 Amended Budget of $50,389,612.

 

The General Fund tentative budget is based on a tax rate of 5.3900 mills. This tentative millage rate is 3.60% more than the rolled-back rate of 5.2027 mills.

 

In order to enact the proposed tentative millage rate, a majority vote must be passed by the City Commission at the final public hearing on the budget.  By adopting these resolutions tonight, the Commission authorizes and directs the City Manager to prepare and publish all necessary and required notices prior to the hearing established herein, and to provide copies of these resolutions to all parties as may be required by applicable law.

 
FINANCIAL IMPACT: Yes
BUDGETED: Yes
AMOUNT:  $41,904,471
FUNDING SOURCE:  General Fund, Internal Services Fund, Electric Fund, Water Fund, Community Redevelopment Trust Fund, Mosquito Fund, Grants, Waste Water Fund, Other
 
COMMISSION GOALS:
Economic Development, Quality of Life, Community Enhancement, Strengthen Community Services

 
ATTACHMENTS:
Description
Resolution 18-26 COA FY 2018-2019 Tentative Millage
Resolution 18-27 -COA FY 2018-2019 Tentative Budget
City of Alachua FY 2018-2019 Tentative Budget
Public Hearing Script Resolutions 18-26 and 18-27
FY 2018-2019 Tentative Budget - All Funds Category Budget
SIGNED 18-27
SIGNED 18-26