TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: September 11, 2023
Title
ADOPTING A TENTATIVE BUDGET FOR THE 2023/2024 FISCAL YEAR, AND AUTHORIZING THE ADMINISTRATION TO OPERATE ON SAID TENTATIVE BUDGET AS AMENDED PURSUANT TO FLORIDA STATUTE UNTIL ADOPTION OF THE FINAL BUDGET FOR SAID FISCAL YEAR.
BACKGROUND: Providing for adoption of a tentative budget for Fiscal Year 2023/2024.
RECOMMENDATION: Approve.
FISCAL IMPACT: The tentative Fiscal Year 2023/2024 budget for all funds totals $184,986,292. The General Fund is $74,537,018 and the Enterprise Funds (Water/Wastewater and Stormwater Fund) total $79,855,963 and are self-supporting from user fees. The tentative General Fund budget reflects a $5,181,999 (7.47%) increase from the adopted FY 2022/2023 General Fund.
There was no increase to the fire assessment rate with the residential rate remaining at $300 per household; other non-residential property use categories and nursing home properties also remained at the same proportional rate.
This tentative budget provides for no increase in the operating millage of 7.1171 mills; however, total millage decreased by .0504 from 7.6508 mills to 7.6004 mills.
CONTACT PERSON: Ismael Diaz, Finance Director