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Home My WebLink Aboutcocc_council_mtg_minutes_20230718_budget_wkshpCAPE CANAVERAL CITY COUNCIL BUDGET WORKSHOP MEETING City Hall Council Chambers 100 Polk Avenue, Cape Canaveral, Florida 32920 Tuesday July 18, 2023 5:00 p.m. MINUTES CALL TO ORDER: The Chair called the Meeting to Order at 5:00 p.m. Council Member Davis led the Pledge of Allegiance. ROLL CALL: Council Members Present: Council Member Council Member Mayor Mayor Pro Tem Council Member Kim Davis Mickie Kellum Wes Morrison Angela Raymond Don Willis Others Present: City Manager City Attorney City Clerk Administrative/Financial Services Director Deputy Finance Director Capital Projects Director Capital Projects Deputy Director Community + Economic Development (C+ED) Dir. C+ED Senior Planner C+ED Chief Resilience Officer C+ED Resilience Engineering Services Manager HR/Risk Management Director Parks, Recreation + Community Affairs (PRCA) Dir. PRCA Deputy Director Public Works Services Deputy Director Executive Assistant to City Manager/Office Manager Brevard County Sheriff's Office Commander Brevard County Sheriff's Office Lieutenant PUBLIC PARTICIPATION: None. DISCUSSION: Todd Morley Anthony Garganese (arrived 5:06 p.m.) Mia Goforth John DeLeo Jenny Coldiron Jeff Ratliff Tim Carlisle Dave Dickey Kyle Harris Zachary Eichholz Alexis Miller Melinda Huser Molly Thomas John Mayberry Jessica Erdman Lisa Day Byron Keck Scott Molyneaux Proposed Fiscal Year 2023/2024 Budget and Five (5) Year Capital Improvement Plan: Mayor Morrison thanked those in attendance along with Staff. City Manager Morley discussed the Tentative Proposed Millage Rate of 3.5716 and the highlights of the City's Proposed Budget including how Council has not taken on any new debt since buying the Civic Hub property, the impacts of inflation, Council's approval of the significant increase in employee wages last year and City of Cape Canaveral, Florida City Council Budget Workshop Meeting July 18, 2023 Minutes Page 2 of 2 an additional cost of living adjustment this year, twenty-five percent increase in Workers Compensation insurance, fifty-three percent increase of property insurance, the new IT Staff position, Council requested Volunteer Appreciation Dinner, fifty -thousand dollar grants program increase, impacts of contingency, funding everything Council wants including all programs approved by the Council at the Strategic Planning Retreat, and two unbudgeted items that appear on the Regular Meeting Agenda, which came to light after the Proposed Budget was prepared. Administrative/Financial Services Director DeLeo discussed a handout, attached herein, distributed to Council showing the FY 23/24 Budget Impacts should Council approve the roll -back rate of 3.2517 mills, a middle rate of 3.4117 mills, or the Proposed Millage of 3.5716; summarized the American Rescue Plan Act funds being spent, and the small price to pay for a very good quality of life in the City. Deputy Finance Director Coldiron discussed Regular City Council Agenda Items not yet in the Proposed Budget being the electric vehicle charging station upgrade, the Hazard Mitigation Grant Program, and the Veterans Memorial Park (VMP) Project. Discussion ensued and included taxes levied by the City versus Brevard County, the City's Tentative Proposed Millage of 3.5716 being the combined total millage of the General Government and Library Dependent Special District, impacts of changes to the Proposed Budget overall, the history of the VMP Project, impacts of inflation and uncompleted projects to the Budget, the roll -back millage rate, the Truth in Millage (TRIM) process which the City is required to follow in order to meet compliance with the Florida Department of Revenue, and gross taxable value. City Attorney Garganese discussed assessed property values with new development that comes online which gets taxed for the first time increasing revenues anticipated in the next fiscal year, keeping millage rates flat versus revenues going up, and how the additional revenue gets factored into the tax increase. Discussion continued regarding last year's tax rate versus the new fiscal year, tax rate and revenue increases and percentages, how complicated the process is to residents, a discrepancy over how the tax rate is computed, Staff's confidence in what is provided to the Council and has been computed since 1986 to present, and the City remains the third lowest with the Tentative Proposed Millage. ADJOURNMENT: The Workshop Meeting was adjourned at 5:50 p.m. Wes Morrison, Mayor Mia Goforth, City Clerk As Presented at the July 18, 2023 City Council Budget Workshop Meeting FY 23/24 Budget Impacts - General Fund • To sustain the FY23/24 Budget the proposed millage (3.5716) will require a majority approval vote. • To help keep pace with the current inflation the City Manager has proposed a 2% increase for all City Employees which is below the current inflation rate of 4.05%. • Reduction of Contingency. • Decreased R&R. Impact if the Roll -Back Rate is 3.2517 mills • . General Fund will have a $570K deficit. (Rollback) • CRA will be reduced by $252K. (Rollback) Middle of the road rate of 3.4117 mills • General Fund will have a $285K deficit. • CRA will be reduced by $126K. ***Important Note- The County's GF Millage is below the City's GF Millage therefore, the County's share of TIF will be limited to_their GF Millage resulting in an amount of $191,662 less. General Fund Key numbers with Proposed Millage of 3.5716 • Contingency - $239,329. • Renewal and Replacement replenishment - $236,000. • New Staff IT position - $76,000. ARPA Summary • CIP SW-2 Center Ditch Improvement- $450,000. • CIP SW-7 Center Street Basin Improvements $467,500. • CIP WW-16 Replace Clarifier Interior $1,400,000. • Total ARPA FY 23/24 - $2,317,500.