Special Meeting

APOPKA CITY COMMISSION AGENDA July 15, 2026 5:15 PM Apopka City Hall Commission Chambers APOPKA CITY COMMISSION MEETING WILL BE LIVE-STREAMED ON YOUTUBE. TO WATCH, PLEASE VISIT: https://www.youtube.com/CityofApopkaFL CALL TO ORDER PUBLIC COMMENT PERIOD PUBLIC HEARINGS/ORDINANCES/RESOLUTION (Action Item) 1. Approve and Set the Proposed Fiscal Year 2026-27 Millage Rate. Presented by: Blanche Sherman, Finance Director ADJOURNMENT Page 1 of 12  City of Apopka CITY COMMISSION STAFF REPORT Section: PUBLIC HEARINGS/ORDINANCES/RESOLUTION (Action Item) Item #: 1. Meeting Date: July 15, 2026 Department: Finance Department SUBJECT: Approve and Set the Proposed Fiscal Year 2026-27 Millage Rate. ACTION ITEM INFORMATION: REQUEST: 1) Move to set the rolled back millage rate for the 2026 tax year as 4.2510 2) Move to set the proposed operating millage rate for the 2026 tax year at 5.1876 mills. 3) Move to set the date, time and place for the public hearing on the tentative budget for fiscal year 2026-2027 as Thursday, September 3, 2026, 5:15 p.m. in the City Hall Commission Chamber. SUMMARY: In accordance with Truth in Millage ("TRIM") compliance requirements as set forth in Chapter 200 of Florida Statutes, the City must set the proposed millage rate and advise the property appraiser of the proposed millage rate, rolled back rate, date, time and place of the tentative budget hearing. The tentative budget hearing is scheduled for Thursday, September 3, 2026, at 5:15pm in the City Commission Chambers. The statutes require separate motions. The operating millage rate used in preparation of the preliminary budget of 5.1876 is 22.03% higher than the rolled back rate of 4.2510. A mill is the tax rate for each $1,000 of taxable property value. On July 8th, 2026, the City Commission held a budget workshop for the upcoming Fiscal Year 26–27. The Finance Director presented an overview of the FY26-27 general fund expenditure requests. The tax revenue dollars were projected to increase by $14,687,650 or approximately 42.37% for FY26-27, based on a millage rate increase of 1 mill. After review and consideration of the overall general fund preliminary budget presented, the Commission decided to set the millage rate at .75 mill increase, instead of the 1 mill increase. During the September 3, 2026, Tentative Budget Hearing, the Commission will have the opportunity to reduce the set millage rate of 5.1876 if necessary. The tax revenue dollars based on the 5.1876 mill (.75 mill increase) are projected to increase by $11,056,513 or approximately 31.90% for FY26-27. Based on the .75 mill increase, the total FY26–27 preliminary general fund revenues are projected to generate approximately $104,461,709. The City’s preliminary general fund service levels, personnel and capital needs reflect a total operating and capital budget of approximately $121,137,637. In FY2026, the City set-aside sufficient reserves to support future operating and capital needs. As a result, the FY26-27 preliminary general fund budget is balanced, using $16,675,928 from assigned capital and operating reserves to support operating and additional capital needs. State revenue estimates have not been finalized and staff continue to review revenue projections and expenditure estimates to help minimize the impact on reserves. The proposed millage rate can be adjusted at any time during the TRIM process, but the process to increase above the proposed millage rate requires extensive notice requirements. Once the Commission sets the proposed millage, the Certification of Taxable Value (form DR 420), the Tax Increment Adjustment Worksheet (for DR- 420TIF), and the Maximum Millage Levy Calculation Preliminary Disclosure (form DR 420 MMP) must be returned to the Orange County Property Appraiser's Office by August 4, 2026. Page 2 of 12 FUNDING SOURCE: A millage rate of 5.1876 generates approximately $45,720,841 in property tax revenues for the upcoming fiscal year 2026-27. RECOMMENDED MOTION: Approve and set the Fiscal Year 2026-27 proposed millage rate at 5.1876, which is 22.03% increase over the rolled back rate of 4.2510. ATTACHMENTS: 1. City Commission Special Meeting, July 15, 2026 Setting the Millage Rate for FY2026-27 Page 3 of 12 Page 4 of 12 Page 5 of 12 Presentation of the Proposed Millage Rate Setting for FY2026-27 Presented by: Blanche Sherman, Finance Director Page 6 of 12  FY26/27 Preliminary Budget by Fund CITY OF APOPKA FY2027 Preliminary Budget By Fund Preliminary Preliminary Utility Pending Millage Reduction - Proposed Budget Estimated Budgeted Budgeted New Position Pending Debt Transfers and Pending Grant Funding Fund Net Change Increase - .75 Position Reductions/ Net Change Balance Revenues Expenditures Reques ts Funding Revenue Funding Available & mill Reques ts (Increases) 09-30-27 26-27 26-27 Adjustments Priority 001 General Fund $ 98,732,379 $ (168,695,666) $ (69,963,287) $ (5,550,050) $ 50,000,000 $ (880,784) $ - $ 6,610,115 $ 1,914,930 $ (3,804,261) $ 4,997,410 $ (16,675,927) $ 11,351,591 101 Street Improvement Fund 8,475,116 (9,471,572) (996,456) (129,942) - - 129,942 - 1,029,840 33,384 (55,801) 102 Transportation Impact Fee Fund 9,667,113 (17,668,300) (8,001,187) - - 15,000,000 - 2,000,000 8,998,813 21,966,803 103 Law Enforcement Trust Fund-Federal 91,247 (135,000) (43,753) - - - - - (43,753) 321,948 104 Recreation Impact Fee Fund 1,221,410 (2,350,000) (1,128,590) - - - - (600,000) (1,728,590) (60,622) 105 Law Enforcement Trust Fund-State 8,233 (100,000) (91,767) - - - - - (91,767) 137,721 106 Police Discretionary Fund 81,609 (270,000) (188,391) - - - - - (188,391) 585,962 110 Fire Impact Fee Fund 1,344,728 (2,018,123) (673,395) - - - - - (673,395) 2,553,438 115 Police Impact Fee Fund 1,442,899 (2,143,903) (701,004) - - - - - (701,004) 3,568,838 120 Stormwater Fund 3,266,250 (3,176,007) 90,243 (614,132) - - 177,123 - 72,875 (273,891) 67,107 150 Grant Fund - - - - - - - - - (388,614) 171, 172, 173, 174, 175, 176, 177 - Special 74,812 (79,094) (4,282) - - - - - (4,282) 258,965 Assessment Funds 178 Emerson Park Subdivision Ass essment Fund 220,260 (220,260) - - - - - - - 252,383 190 Street Lighting 564,625 (660,056) (95,431) - - - - - (95,431) 755,868 401 Utility Operating Fund 47,089,375 (55,049,817) (7,960,442) (1,856,252) - (6,241,453) - 756,513 - 3,218,709 (12,082,925) 3,370,602 402 Sanitation Fund 10,282,084 (10,537,673) (255,589) (394,437) - 680,784 - - 42,985 73,743 (3,476,846) 403 Utility Impact Fee Fund 10,665,450 (12,011,415) (1,345,965) - - - - (4,000,000) (5,345,965) 38,910,854 610 Community Redevelopment Fund 1,717,665 (2,759,471) (1,041,806) - - - - - (1,041,806) (282,440) $194,945,255 $(287,346,357) $ (92,401,102) $ (8,544,813) $ 50,000,000 $ (6,441,453) $ 15,000,000 $ 6,610,115 $ 2,978,508 $ (3,804,261) $ 6,761,819 $ (29,841,187) $ 79,837,757 Page 7 of 12 FY26/27 Proposed Fiscal Year 2026-27 Millage Rate CITY OF APOPKA MILLAGE & ROLLBACK CALCULATIONS Current Certified Value Tax Base w/ Certified Values Millage Taxes Generated Amount Budgeted FY26 8,222,635,164 4.4376 $ 36,488,766 $ 34,664,328 FY27 9,277,353,828 4.4376 $ 41,169,185 $ 39,110,726 Difference in dollars $ 1,054,718,664 $ 4,680,419 $ 4,446,398 Difference as %age 12.8% 12.8% 12.8% Tax Base w/ FY27 options: Certified Values Millage Taxes Generated Amount Budgeted Addl Revenue Maintain Current Rate $ 9,277,353,828 4.4376 $ 41,169,185 $ 39,110,726 $ - 12.8% Add .75 Additional Mill $ 9,277,353,828 5.1876 $ 48,127,201 $ 45,720,841 $ 6,610,115 31.9% Add 1.0 Additional Mill $ 9,277,353,828 5.4376 $ 50,446,539 $ 47,924,212 $ 8,813,486 38.3% Add 1.0 Additional Mill $ 9,277,353,828 6.4376 $ 59,723,893 $ 56,737,698 $ 17,626,972 63.7% Add 1.0 Additional Mill $ 9,277,353,828 7.4376 $ 69,001,247 $ 65,551,184 $ 26,440,458 89.1% Add 1.0 Additional Mill $ 9,277,353,828 8.4376 $ 78,278,601 $ 74,364,671 $ 35,253,945 114.5% Add 1.0 Additional Mill $ 9,277,353,828 9.4376 $ 87,555,954 $ 83,178,157 $ 44,067,431 140.0% Add 1.0 Additional Mill $ 9,277,353,828 10.0000 $ 92,773,538 $ 88,134,861 $ 49,024,135 154.3% Add .25 Additional Mill $ 9,277,353,828 4.6876 $ 43,488,524 $ 41,314,098 $ 2,203,372 19.2% Page 8 of 12 FY26/27 Proposed Fiscal Year 2026-27 Millage Rate Rolled-Back Millage Rate 4.2510 mills Proposed Millage Rate 5.1876 mills Page 9 of 12 FY26/27 Proposed Fiscal Year 2026-27 Millage Rate Page 10 of 12 Page 11 of 12 Page 12 of 12