AGENDA MEMORANDUM

 

 

Meeting Date:           September 8, 2011

 

From:                          Jay Evans, City Manager

                                    Jerry Boop, Finance Director

                                    Brandy McDaniel, Budget Manager

 

Subject:                      Public Hearing for FY 2011-12 Millage Rate and Budget

 

 

This Public Hearing is being held pursuant to the provisions of Section 200.065(2)(c), Florida Statutes, and is the first of two public hearings required to be held prior to the adoption of the fiscal year 2011-12 millage rate and budget.  As such, this is not a final hearing, and final adoption of the millage rate and budget will not be considered at this hearing.

 

 

FUND

 

PROPOSED FISCAL YEAR 2011-12 BUDGET

 

General Fund:

 

$22,514,571

 

 

 

 

 

 

Special Revenue Funds:

 

 

 

 

Greater Leesburg CRA Fund

 

536,977

 

 

Carver Heights CRA Fund

 

270,942

 

 

US Hwy 441 CRA Fund

 

698,506

Police Impact Fees Fund

5,800

                    Recreation Impact Fees Fund

50,000

 

 

 

Police Education Receipts Fund

15,000

 

 

Building Permits Fund

 

435,607

Discretionary Sales Tax Fund

 

1,629,325

 

 

Gas Tax

 

977,705

 

 

Debt Service Fund:

 

 

1,628,054

 

 

 

 

 

 

Capital Projects Fund:

 

 

 

 

 

 

 

 

 

2,233,500

 

 

 

 

 

 

 

 

 

 

 

 

FUND

 

 

PROPOSED FISCAL YEAR 2011-12 BUDGET

 

Enterprise Funds:

 

 

 

 

Electric Utility Fund

 

75,669,959

 

 

Gas Utility Fund

 

7,814,158

 

 

Water Utility Fund

 

7,957,693

 

 

Wastewater Utility Fund

 

11,530,543

 

 

Communications Utility Fund

 

1,658,960

 

 

Solid Waste Utility Fund

 

3,622,991

Stormwater Fund

2,162,518

 

 

Magnolia Townhomes Fund

 

156,093

 

 

 

 

 

 

Internal Service Funds:

 

 

 

 

Health Insurance Fund

 

6,203,016

 

 

Workers’ Compensation Insurance Fund

 

625,321

 

 

 

 

 

 

Pension Trust Funds:

 

 

 

 

Municipal Police Retirement Trust Fund

 

1,019,184

 

 

Municipal Firemen’s Retirement Trust Fund

 

1,220,868

 

 

General Employees’ Retirement Fund

 

2,375,000

 

 

 

 

 

 

 

TOTAL – ALL FUNDS

 

$153,012,291

 

 

 

Submission Date and Time:    9/2/2011 4:10 PM____

 

Department: ______Finance___________

Prepared by:  _____Brandy McDaniel___                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ______

 

Finance  Dept. __JB   ___________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________