TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: September 12, 2022
Title
ADOPTING A TENTATIVE BUDGET FOR THE 2022/2023 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 2022/2023.
RECOMMENDATION: Approve.
FISCAL IMPACT: The tentative Fiscal Year 2022/2023 budget for all funds totals $184,000,007. The General Fund is $69,355,019 and the Enterprise Funds (Water/Wastewater and Stormwater Fund) total $85,356,699 and are self-supporting from user fees. The tentative General Fund budget reflects a $2,462,525 (3.68%) increase from the adopted FY 2021/2022 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 .0637 from 7.7145 mills to 7.6508 mills.
CONTACT PERSON: Ismael Diaz, Finance Director