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File #: 2020-12    Version: Name: Motion to Adopt Ordinance 2020-12 on 2nd Hearing
Type: Ordinance Status: Passed
File created: 8/19/2020 In control: City Commission
On agenda: 9/16/2020 Final action: 9/16/2020
Title: MOTION TO ADOPT PROPOSED ORDINANCE NO. 2020-12 ON SECOND AND FINAL READING. PROPOSED ORDINANCE NO. 2020-12 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, ADOPTING THE BUDGET FOR FISCAL YEAR 2020-2021; 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.
Sponsors: Budget
Attachments: 1. 1. Proposed Ordinance 2020-12, 2. 2. Exhibit A Revenue & Expense by Fund Revision 1, 3. 3. Exhibit B 5 Yr CIP 2021-2025 Revision 1, 4. 4. Exhibit A Revenue & Expense by Fund, 5. 5. Exhibit B 5 Yr CIP 2021-2025
Title
MOTION TO ADOPT PROPOSED ORDINANCE NO. 2020-12 ON SECOND AND FINAL READING.

PROPOSED ORDINANCE NO. 2020-12 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, ADOPTING THE BUDGET FOR FISCAL YEAR 2020-2021; 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 2020 Preliminary Taxable Value of the City is $14.3 billion, an increase of $870 million or 6.5%.

2. The 2020-21 Revised Proposed Budget for All Funds is $420.8 million; a decrease of $8.6 million compared to the $429.4 million presented on first reading. Changes include mainly the following, which were discussed at the first reading:
a. General Fund
(i) Capital items postponed to 2021-22- $3.7 million
(ii) Estimated budget savings of $3.2 million

b. Utility Fund - Capital items postponed to 2021-22 $1.37 Million

3. The Operating Millage Rate is 5.6736, which is the same as the millage rate adopted for the 2019-20 fiscal year. The advertised rate of 6.1152 was presented at first reading of this ordinance on September 3, 2020; however at that meeting Commission approved an Operating Millage Rate of 5.6736.

4. The Debt Service Millage Rate is 0.4273, and generates revenues to meet the debt service requirements of the General Obligation Bonds.

5. The Residential Fire Assessment Rate is $312.32, an increase of $29.94 when compared to last year's rate of $282.38. The advertised rate presented on first reading was $325.89.

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

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