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File #: 2019-17    Version: Name: Proposed Ordinance 2019-17: FY 19-20- Budget
Type: Ordinance Status: Second Reading
File created: 8/15/2019 In control: City Commission
On agenda: 9/18/2019 Final action: 9/18/2019
Title: MOTION TO ADOPT PROPOSED ORDINANCE NO. 2019-17 ON SECOND AND FINAL READING. PROPOSED ORDINANCE NO. 2019-17 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, ADOPTING THE BUDGET FOR FISCAL YEAR 2019-2020; AND ADOPTING THE FIVE (5) YEAR CAPITAL IMPROVEMENT PROGRAM FOR THE CITY OF PEMBROKE PINES, FLORIDA, IN ACCORDANCE WITH §5.08 OF THE CITY CHARTER; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. 1. Proposed Ordinance 2019-17, 2. 2. Exhibit A to Proposed Ordinance 2019-17 Revised 9-5-19, 3. 3. Exhibit B to Proposed Ordinance 2019-17 Revised 9-5-19, 4. 4. Exhibit A to Proposed Ordinance 2019-17, 5. 5. Exhibit B to Proposed Ordinance 2019-17
Title

MOTION TO ADOPT PROPOSED ORDINANCE NO. 2019-17 ON SECOND AND FINAL READING.

PROPOSED ORDINANCE NO. 2019-17 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, ADOPTING THE BUDGET FOR FISCAL YEAR 2019-2020; AND ADOPTING THE FIVE (5) YEAR CAPITAL IMPROVEMENT PROGRAM FOR THE CITY OF PEMBROKE PINES, FLORIDA, IN ACCORDANCE WITH §5.08 OF THE CITY CHARTER; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

Summary Explanation and Background

SUMMARY EXPLANATION AND BACKGROUND:

1.                     The 2019 Preliminary Taxable Value of the City is $13.5 billion, an increase of $954 million or 7.6%.

2.                     The 2019-20 Revised Proposed Budget for All Funds is $423.2 million.

3.                     The operating millage rate is 5.6736, which is the same as the millage rate adopted for the 2018-19 fiscal year.

4.                     The debt service millage rate is 0.4464, and generates revenues to meet the debt service requirements of the General Obligation Bonds.

5.                     The residential fire assessment rate is $282.38, an increase of $10.63 when compared to last year's rate of $271.75.

6.                     Section 5.04 of the City Charter requires the budget be adopted by Ordinance.

7.                     Changes subsequent to the original submission of the Proposed Budget are reflected in Proposed Ordinance No. 2019-17.

8.           The 2019-20 Revised Proposed Budget reflects the changes discussed at the first budget hearing that was held on September 5, 2019.

a.                     General Fund - Phase I of the POLK building remodel ($940,000) was postponed to 2020-21 to provide funding for three (3) additional Police Officer positions and one (1) additional Code Compliance Officer position.

b.                     Utility Fund - Phase 1 of the POLK building remodel ($1,410,000) was postponed to 2020-21 and the water/sewer rates reduced b...

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