M E M O R A N D U M
To: Honorable Mayor and Town Council
From: Rafael G. Casals, Town Manager
Date: September 10, 2015
Re: Fiscal Year 2015-16 Tentative Budget (1st Council Budget Hearing)
REQUESTTitle
A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA, ADOPTING THE TENTATIVE OPERATING AND CAPITAL OUTLAY BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2015 THROUGH SEPTEMBER 30, 2016 PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); AND AUTHORIZING THE TOWN MANAGER TO MAKE EXPENDITURES CONSISTENT THEREWITH AND AUTHORIZING THE TOWN MANAGER TO MAKE CERTAIN BUDGET AMENDMENTS WITHIN A DEPARTMENT PROVIDED THAT THE TOTAL OF THE APPROPRIATIONS IS NOT CHANGED; AND PROVIDING FOR AN EFFECTIVE DATE.
Bodyy
BACKGROUND AND ANALYSIS
Please find attached the updated preliminary Fiscal Year 2015-16 tentative budget, which includes the changes to both revenues and expenditures and items discussed during both the July 22nd and August 19th Council Budget Workshops. During these Workshops, the Town Council provided staff direction to utilize the "current" millage rate of 2.3907 mills versus the Town Manager's proposed mileage rate of 2.5348 mills ("ceiling" rate adopted via Resolution No. 15-48). The 2.5348 mills, represents the statutorily computed two-thirds vote maximum millage rate that the Council has in previous years adopted as a ceiling rate for purposes of the Property Appraiser's Truth in Millage (TRIM) advertising notice. The adopted ceiling mileage rate does not prevent the Council from adopting a lower rate during the Budget Hearing process.
The preliminary Fiscal Year 2015-16 Budgets presented during the first Council Budget Workshop was based on the Town Manager's proposed millage rate of 2.5348 mills. Town staff worked closely with individual members of the Council, in between the first Budget Workshop (July 22nd) and the second Budget Workshop (August 19th), to develop a preliminary Fiscal Year 2015...
Click here for full text