HomeMy WebLinkAboutAgenda 08-21-2018 (4pm) Budget Workshop CAPE CANAVERAL BUDGET WORKSHOP MEETING
City Hall Council Chambers
100 Polk Avenue, Cape Canaveral, Florida 32920
AGENDA
August 21, 2018
4:00 P.M.
CALL TO ORDER:
PLEDGE OF ALLEGIANCE:
ROLL CALL:
PUBLIC PARTICIPATION:
Any member of the public may address any items that do not appear on the agenda and any agenda
item that is listed on the agenda for final official action by the City Council excluding public
hearing items which are heard at the public hearing portion of the meeting, ministerial items (e.g.
approval of agenda,minutes,informational items),and quasi-judicial or emergency items. Citizens
will limit their comments to three (3)minutes. The City Council will not take any action under the
"Public Participation" section of the agenda. The Council may schedule items not on the agenda
as regular items and act upon them in the future.
DISCUSSION:
1. Proposed Fiscal Year 2018/2019 Budget and Five (5) Year Capital Improvement Plan.
ADJOURNMENT:
Pursuant to Section 286.0105, Florida Statutes,the City hereby advises the public that: If a person
decides to appeal any decision made by the City Council with respect to any matter considered at
this meeting, that person will need a record of the proceedings, and for such purpose that person
may need to ensure that a verbatim record of the proceedings is made, which record includes the
testimony and evidence upon which the appeal is to be based. This notice does not constitute
consent by the City for the introduction or admission into evidence of otherwise inadmissible or
irrelevant evidence, nor does it authorize challenges or appeals not otherwise allowed by law. In
accordance with the Americans with Disabilities Act: all interested parties may attend this Public
Meeting. The facility is accessible to the physically handicapped.Persons with disabilities needing
assistance to participate in the proceedings should contact the City Clerk's office (868-1220 x207
or x206) 48 hours in advance of the meeting.
Financial
Memo
TO: Honorable Mayor and Members of City Council
VIA: David L. Greene,City Manager
FROM: John De Leo,Administrative/Financial Services Director
DATE: August 14,2018
RE: Updated Budget Revenues and Expenditures for the Proposed Budget Detail
Fiscal Year 2018-2019
The following updates/modifications to the Proposed Budget Detail Fiscal Year 2018-2019
have occurred since the July 17,2018 Budget Workshop.These changes will be reflected in the
upcoming Proposed Budget for Fiscal Year 2018-2019.
• Council approved a tentative proposed millage of 3.8500 (a rate below rolled
back rate) for all City operating purposes at the July 171' Council Meeting. A
recent update by the Brevard Property Appraiser Office regarding new
construction,additions,and rehabilitative improvements caused the rolled back
rate for.the City to be slightly reduced. The proposed millage rate has been
adjusted to 3.8288 and will reduce Ad Valorem Tax by$19,203. This will be
reflected in the Proposed Budget Detail Fiscal Year 2018-2019 presented at the
First Budget Hearing on September 4h.
• Final adjustments made by the Brevard Property Appraiser's office decreased
Tax Increment Financing (TIF) for the Community Redevelopment Agency
Fund by$4,104.
• The Community Redevelopment Agency's Capital Outlay Detail has been
updated to reflect $50,000 for Grant Programs and a reduction of the North
Atlantic Ave. Phase 3 Project from$170,000 to$120,000 CII'-CR3.
• Contingency decreased from$619,071 to $501,103 due to the decrease in Ad
Valorem ($19K) and a formula correction in the transfer TIF transfer amount
from the General Fund to the CRA($98K).
If you have any questions or wish anything additional,please let me know..Thank you.