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Preliminary Budget
Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 61K
Last Updated: 2015/7/16
Size: 553K
Last Updated: 2015/7/16
City of DeBary SealCity Council Workshop
City of DeBary
AGENDA ITEM





Subject: Review and Discuss Preliminary Budget for FY 2015-2016
  
From: City Manager
             
Meeting/Hearing Date:  July 22, 2015

Attachments:
(   )  Ordinance
(   )  Resolution
(   )  Other
(X )  Supporting Documents/Contracts



The attached budget message provides a broad overview of the proposed budget for the 2016 fiscal year. Proposed expenditures for next fiscal year are $18,977,716 and include $1.9 million for the construction of a new fire station. It is anticipated the estimated construction cost will increase as the floor plan is further refined. The expenditures also reflect construction of the Fort Florida water line that will provide water to residents on Ft. Florida Road, 15th Street, River Drive and Ft. Florida Point Road. The project is structured as a special assessment district wherein the property owners benefitting from the project will pay the cost of the project through a non-ad valorem assessment over seven years.

The proposed budget fully implements the stormwater maintenance program that will provide long term maintenance of and investment in the city's stormwater assets.
The proposed tax rate for next fiscal year is unchanged from last years roll back rate at 2.9247.



Fiscal Year
Millage Rate
Roll Back Rate
Tax Revenue
CPI Inc
2010-2011
2.871
2.871
$4,122,185
215.58
2011-2012
2.990
3.093
$4,004,764
2012-2013
3.094
3.094
$4,046,479
2013-2014
3.055
2.988
$4,165,324
2014-2015
2.9247
2.925
$4,197,150
2015-2016
2.9247
2.889
$4,271,023
231.313
% Increase 2010
3.61%
7.30%

Staff desires to review and discuss the budget and receive direction from the Council.


City Council Action:
(   )  Approved As Recommended
(   )  Approved With Modification
(   )  Disapproved
(   )  Continued Date:

(   )  Other

Modifications:



 
 
City of DeBary, FL
16 Colomba Rd, DeBary, FL 32713
Phone: (386) 668-2040  Fax: (386) 668-4122