AGENDA MEMORANDUM

 

 

Meeting Date:           September 13, 2007

 

From:                          Jay Evans, Interim City Manager and William Pfeilsticker, Finance Director

 

Subject:                      Public Hearing for FY 2007-08 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 2007-08 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.

 

We look forward to working with you as you finalize the fiscal year 2007-08 budget, and we stand ready to discuss with you the procedures followed and/or assumptions made in preparing the budget document.

 

 

 

 

FUND

 

PROPOSED FISCAL YEAR 2007-08 BUDGET

 

General Fund:

 

$26,098,344

 

 

 

 

 

 

Special Revenue Funds:

 

 

 

 

Stormwater Utility Fund

 

1,450,966

 

 

Greater Leesburg CRA Fund

 

619,437

 

 

Carver Heights CRA Fund

 

301,035

 

 

US Hwy 441 CRA Fund

 

1,221,068

 

 

Police Impact Fees Fund

 

401,500

 

 

Fire Impact Fees Fund

 

100,000

 

 

Recreation Impact Fees Fund

 

200,000

 

 

Police Forfeiture Fund

 

69,400

 

 

Police Education Receipts Fund

 

17,000

 

 

Building Permits Fund

 

972,000

 

 

Discretionary Sales Tax Fund

 

1,820,176

 

 

 

 

 

 

Debt Service Fund:

 

1,625,700

 

 

 

 

 

 

Capital Projects Fund:

 

6,774,630

 

 

 

 

 


 

 

 

 

 

 

FUND

 

PROPOSED FISCAL YEAR 2007-08 BUDGET

 

Enterprise Funds:

 

 

 

 

Electric Utility Fund

 

65,053,742

 

 

Gas Utility Fund

 

12,214,116

 

 

Water Utility Fund

 

8,490,868

 

 

Wastewater Utility Fund

 

11,208,293

 

 

Communications Utility Fund

 

1,215,876

 

 

Solid Waste Utility Fund

 

4,029,115

 

 

Kristen Street Fund

 

220,000

 

 

 

 

 

 

Internal Service Funds:

 

 

 

 

Health Insurance Fund

 

4,424,349

 

 

Workers’ Compensation Insurance Fund

 

523,468

 

 

 

 

 

 

Pension Trust Funds:

 

 

 

 

Municipal Police Retirement Trust Fund

 

810,000

 

 

Municipal Firemen’s Retirement Trust Fund

 

819,000

 

 

General Employees’ Retirement Fund

 

3,106,022

 

 

 

 

 

 

 

TOTAL – ALL FUNDS

 

$153,786,105