HomeMy WebLinkAboutcocc_council_mtg_agenda_20190820_budget_workshopCAPE CANAVERAL CITY COUNCIL
BUDGET WORKSHOP MEETING
City Hall Council Chambers
100 Polk Avenue, Cape Canaveral, Florida 32920
AGENDA
August 20, 2019
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 2019/2020 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 Services
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 20, 2019
RE: Updated Budget Revenues and Expenditures for the Proposed Budget Detail
Fiscal Year 2019-2020
The following updates/modifications to the Proposed Budget Detail Fiscal Year 2019-2020
have occurred since the July 16, 2019 Budget Workshop. These changes will be reflected
in the upcoming Proposed Budget for Fiscal Year 2019-2020.
• Council approved a tentative proposed millage of 3.7359 (a rate below rolled
back rate) for all City operating purposes at the July 16th Council Meeting. A
recent update by the Brevard Property Appraiser's 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 3.7256 and will reduce Ad Valorem Tax by $7,481. This will be
reflected in the Proposed Budget Detail Fiscal Year 2019-2020 presented at the
First Budget Hearing on September 3rd.
• Final adjustments made by the Brevard Property Appraiser's office decreased
Tax Increment Financing (TIF) for the Community Redevelopment Agency
Fund by $5,375.
• Contingency increased from $500,000 to $547,307 due to an adjustment in the
Loan Proceeds Revenue.
• CRA Mobility/Striping Project increased from $65,000 to $115,000.
Eliminated Grants Programs $50,000.
City Reserves — General Fund
The unobligated General Fund cash balance is forecasted to be approximately $3,274,113 at the
conclusion of Fiscal Year (FY) 2018-2019. This is 22.9% of the FY 2019-2020 General Fund
expenditure budget and is in excess of the 20% required by the City's fiscal policy. This,
combined with the General Fund Contingency ($452,294), brings the City reserves total to
$3,726,407. Additionally, Capital Equipment Renewal and Replacement for the General Fund in
the Fiscal Year 2019/2020 Budget contains $640,677 resulting in a Grand Total of $4,367,084.
City Reserves — Enterprise Fund
The Wastewater/Stormwater Fund contains $469,205 in Renewal and Replacement Funds and
Unrestricted Funds; an additional $41,225 contained in Renewal and Replacement in the Fiscal
Year 2019/2020 Budget; and $173,334 combined Wastewater/Stormwater Contingency Budget
all totaling $683,764.
For Council's quick reference a summary of the Major CIP's contained in the Fiscal Year
2019/2020 Budget is provided below:
General Fund
IM - 4
IM - 5
ND-1
Paving Fund 75,000
Mobility Plan 175,000
Long Point Road Estuary Rehabilitation 127,500
Community Redevelopment Agency Fund
CR-1
CR-2
CR-3
CR-5
CR-6
CR-7
Canaveral City Park Redevelopment Phase II 500,000
Cultural Arts Preservation Enrichment Center 980,000
Sidewalk Construction 115,000
Comer Improvements 64,000
W. Central/Thurm Blvd. Streetscape 2,870,000
Drainage Polk/Orange Ave. 249,500
Wastewater Fund
WW-11
WW-13
WW-15
WW-16
SCADA System 121,500
Piermount Mixer Rehabilitations 65,000
Lift Station Replacements (3, 5, 8) 650,500
Force Main Replacement (7) 337,500
WW-17
WW-19
WW-21
WW-22
WW-26
Eff/Inf Disc/Drum Filter Replacement 170,250
Intermediate Pump Station By-pass 355,500
Wastewater/Stormwater Vacuum
Truck 325,000
Valve Replacements 250,000
Consent Order Requirements 717,000
Stormwater Fund
SW-1
SW-4
SW-6
SW-9
SW-14
SW-15
Paving Fund 25,000
Hitching Post Berm 40,300
Costa del Sol Dry Pond 62,500
Holman Road Swale 28,000
Software Conversion 75,000
Wastewater/Stormwater Vacuum
Truck 100,000