Second Budget Hearing

BOARD OF COMMISSIONERS TOWN OF REDINGTON SHORES SPECIAL MEETING SECOND BUDGET HEARING MONDAY, SEPTEMBER 16, 2024 – 6:00 P.M. AGENDA A. CALL TO ORDER B. PLEDGE OF ALLEGIANCE C. ROLL CALL D. OPEN PUBLIC HEARING 1. Amend and Adopt FY 2024/2025 Tentative Millage and Ad Valorem Tax 2. Amend and Adopt FY 2024/2025 Tentative Budget E. CLOSE PUBLIC HEARING F. MISCELLANEOUS Workshop Meeting - Wednesday, September 25, 2024 – 6:00 P.M. Regular Meeting – Wednesday, October 9, 2024 – 6:00 P.M. Special Meeting – Sunshine Law & Ethics - Wednesday, October 16, 2024 – 5:30 P.M. Workshop Meeting - Wednesday, October 30, 2024 – 6:00 P.M. G. ADJOURNMENT Pursuant to Florida Statutes § 286.0105, if any person or entity decides to appeal any decision made on any matter considered at any meeting or hearing of any Redington Shores Board or Commission, he, she or it will need a record of the proceedings and, for such purpose, he, she or it may need to ensure that a verbatim record of the proceedings is made, which record includes the legal arguments, testimony, and evidence upon which the appeal is to be based. ITEM D.1.  Town of Redington Shores, Florida Memorandum To: Mayor and Town Commission Date: August 30, 2024 Subject: Public Hearing - setting millage rate for fiscal year 2024-2025 BACKGROUND Chapter 200 of the Florida Statute “Determination of Millage” sets a statutory timetable and procedure for the calculation and notification to the public of the process to set a final ad valorem tax millage and adopt a budget. The statute identifies the time frames and briefly describes the procedures to be accomplished during that time frame. DISCUSSION Per Pinellas County Property Appraiser (Certification of Taxable Value DR-420), the FY 2024- 2025 preliminary gross taxable value of property within the Town of Redington Shores is $1,176,049,952 which is 9.37% more than the FY 2023-2024 Final Gross Taxable Value of $1,075,326,561. Staff proposes setting the final ad valorem millage rate at 1.6896. The proposed budget reviewed by the Town Commission at the Budget Workshop held on August 21, 2024, is predicated on this millage rate. The final millage rate, at 1.6896 mills, will produce approximately $1,907,570 in net ad valorem tax revenues (net of 4% discount), representing an increase of $163,195 over last year’s budget of $1,744,375. The Department of Revenue also requires that the Town calculate a rolled-back millage rate. The rolled-back rate is defined as the millage rate that would generate the same amount of ad valorem tax revenue as was levied during the prior year. The rolled back rate is calculated at 1.5532. The proposed millage rate of 1.6896 is 8.07% higher than the rolled back rate. RECOMMENDATION Staff respectfully requests that Commission set the proposed millage rate at 1.6896 mills for Fiscal Year October 1, 2024, through September 30, 2025. The millage must be adopted first. The millage and budget must be adopted by separate votes. Upon adoption of the motion, the Mayor will announce: The proposed millage rate of 1.6896 mills, which is higher than the rolled-back rate by 8.07%, is to fund the expenses of the General Fund for the Fiscal Year commencing October 1, 2024 and ending September 30, 2025. The final approved millage rate for the Town of Redington Shores will be presented at a second and final public hearing that will be held on Monday, September 16, 2024, at 6:00P.M. Michael McGlothlin, Town Administrator  RESOLUTION NO. 10-24 A RESOLUTION OF THE TOWN OF REDINGTON SHORES, FLORIDA, ADOPTING A MILLAGE RATE NOT TO EXCEED 1.6896, LEVYING OF AD VALOREM TAXES FOR FISCAL YEAR 2024-2025 AND SETTING THE DATE, TIME AND PLACE OF PUBLIC HEARINGS ON THE BUDGET FOR FISCAL YEAR 2024-2025; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, pursuant to section 200.065, Florida Statutes, after a proper notice, the first public hearing will be held at the Town of Redington Shores, Pinellas County, Florida, on September 4, 2024 at 6:00pm. WHEREAS, pursuant to section 200.065, Florida Statutes, after a proper notice, the second and final public hearing will be held at the Town of Redington Shores, Pinellas County, Florida, on September 16, 2024 at 6:00pm. WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Pinellas County has been certified by the Pinellas County Property Appraiser to the Town of Redington Shores as $1,176,049,952; and WHEREAS, the Town of Redington Shores is prepared to set a proposed millage rate of 1.6896 mills; and WHEREAS, the Fiscal Year 2024-2025 operating proposed millage rate of 1.6896 is a 8.07% increase to the current year rolled-back rate of 1.5532 mills. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE TOWN OF REDINGTON SHORES, PINELLAS COUNTY, FLORIDA, AS FOLLOWS: Section 1. The Board of Commissioners of The Town of Redington Shores, Florida does hereby ratify and set the proposed not to exceed ad valorem millage rate for the Town of Redington Shores, Pinellas County, Florida, for the Fiscal Year 2024-2025 at 1.6896. Section 2. The tentative millage and budget hearings will be held September 4, 2024, in the Town of Redington Shores Community Room located at 17425 Gulf Blvd, Redington Shores, Florida at 6:00 p.m. Section 3. The final millage and budget hearings will be held September 16, 2024, in the Town of Redington Shores located at 17425 Gulf Blvd, Redington Shores, Florida at 6:00 p.m. Section 4. This resolution shall take effect immediately upon its adoption by the Board of Commissioners of the Town of Redington Shores, Florida. The foregoing Resolution was offered by Commissioner ___________, who moved its adoption, and said Motion was seconded by Commissioner ___________; and upon roll call the vote was: AYES: NAYS: ABSENT: ABSTAINING: PASSED AND RESOLVED this ____ day of September, 2024, by the Board of Commissioners of the Town of Redington Shores, Florida. _______________________ Lisa Hendrickson, Mayor _______________________ Margaret Carey Town Clerk ITEM D.2.  Town of Redington Shores, Florida Memorandum To: Mayor and Town Commission Date: August 30, 2024 Subject: Public Hearing - fiscal year 2024-2025 budget ===================================================================== Town staff presented the proposed budget for fiscal year 2024-2025 on August 21, 2024. This budget will be finalized with the Budget Resolution submitted to the Commission for approval at the second and final public hearing on the FY 2024-2025 budget on September 16, 2024, at 6:00 P.M. RECOMMENDATION Staff respectfully requests that the Commission approve the FY 2024-25 budget including the capital plans. A copy of the FY 2024-25 budget document attached for your review. The Florida Department of Revenue requires specific language and procedures when approving the budget. ➢ The Mayor will ask for questions and comments from the public. ➢ The Mayor will close the public hearing; ask for a motion to approve the budget document, including the operational budget and capital improvements for all funds. ➢ The Mayor will ask for a vote. ➢ Upon adoption of the motions, the Mayor shall announce: “The final approved Budget for Fiscal Year 2024-2025 for the Town of Redington Shores will be presented at a second and final public hearing that will be held at Town Hall on Monday, September 16, 2024, at 6:00 P.M.” Respectfully submitted, Michael McGlothlin, Town Administrator  RESOLUTION NO. 11-24 A RESOLUTION OF THE TOWN OF REDINGTON SHORES, FLORIDA, ADOPTING THE 2024-2025 ANNUAL FISCAL YEAR BUDGET. BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE TOWN OF REDINGTON SHORES, FLORIDA, IN MEETING DULY AND REGULARLY ASSEMBLED AS FOLLOWS: Section 1. The annual fiscal year budget of the Town of Redington Shores, Florida, from October 1, 2024 through September 30, 2025, shall be in the amounts and categories as documented in the attachment, hereto referred as “Schedule A”. Section 2. This Resolution shall take effect midnight, September 30, 2024. The foregoing Resolution was offered by Commissioner ____________, who moved its adoption, and said Motion was seconded by Commissioner ____________; and upon roll call the vote was: AYES: NAYS: ABSENT: ABSTAINING: PASSED AND RESOLVED this ____ day of September, 2024, by the Board of Commissioners of the Town of Redington Shores, Florida. _________________________ Lisa Hendrickson, Mayor ATTEST: ____________________ Margaret Carey Town Clerk  Town of Redington Shores Evaluation of Millage Rate Fiscal Year 2024 - 2025 Calculations Based on Gross Taxable Value: $1,176,049,952 2024- 2025 Ad Valorem Estimated Collection Millage Rates Revenue Generated Rate: 96% Rolled-Back Rate 1.5532 1,826,641 1,753,575 IExisting Rate 1.6896 1,987,054 1,901,s101 Majority Vote Required 1.8326 2,155,229 2,069,020 2/3 Vote Required 2.0159 2,370,799 2,275,965 Trend Analysis of Taxable Value: Fiscal Year Taxable Value Dollar Amount Change Percentage Change 2020- 2021 777,578,567 51,245,570 7.06% 2021-2022 846,993,022 69,414,455 8.93% 2022- 2023 953,544,975 106,551,953 12.58% 2023- 2024 1,075,326,561 121,781,586 12.77% 2024- 2025 * 1,176,049,952 100,723,391 9.37% * Taxable value per 2024 tax estimates - 7/1/24 6  Town of Nature:S &aeh GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2024 -2025 2023 -2024 2022-2023 Proposed Budget Proposed Budget Actual General Fund Revenue 431.100 Ad Valorem Taxes 1,907,570 1,744,375 1,553,874 431.235 Communication Service Tax 75,000 84,000 87,907 431.240 Local Option Gas Tax 28,000 28,000 28,692 431.310 Electric Franchise Fee 240,000 240,000 238,159 431.330 Gas Franchise Fee 8,000 8,000 10,645 431.900 Property Transfer Records Search 2,200 2,200 2,155 432.110 Annual Business Tax Receipts 12,000 12,000 14,282 432.200 Building Permit Fees 280,000 180,000 162,625 432.210 Plan Review Fees 57,000 40,000 40,546 432.220 Fire Safety 600 500 425 432.230 Electrical Fees 32,000 24,500 23,949 432.240 Plumbing Fees 22,000 16,000 16,650 432.250 Mechanical Fees 20,000 16,000 16,128 432.255 Remspection Fees 2,681 432.280 Impact Fees / Sewer Tap-In Fees 1,000 2,000 700 432.290 DBPR Surcharges 1,500 550 573 432.201 TRB Building Permit Fees 31,000 432.211 TRB Plan Review Fees 10,500 432.221 TRB Fire Safety 1,000 432.231 TRB Electrical Fees 2,400 432.241 TRB Plumbing Fees 950 432.251 TRB Mechanical Fees 8,400 432.304 TRB Technology Fees 900 432.305 TRB Zoning Clearance 6,000 432.990 Zoning/ Board of Adjustment Fees 7,500 7,500 13,002 433.490 Grants 85,500 20,694 433.512 State Revenue Sharing 70,000 70,630 76,248 433.515 Alcoholic Beverage Licenses 2,400 2,400 3,426 433.518 1/2 Cent Sales Tax Revenue Sharing 182,000 182,730 184,702 433.519 County Parking Meter Revenue 175,000 110,000 128,421 433.520 Town Parking Meter Revenue 50,000 30,000 35,972 434.341 Garbage And Trash 465,000 426,000 374,641 434.344 Credit Card Fees 4,000 3,943 434.900 Supervisor of Elections 200 200 270 435.110 Court Fines 600 500 551 435.115 Parking Fines 1,000 1,500 1,111 435.130 Police Education 25 25 36 436.120 General Interest 300,000 199,000 316,041 436.200 Sale ofPromotional Items 2,500 2,000 2,696 436.210 Town Hall & Park Rentals 4,000 6,300 4,825 436.900 Miscellaneous Income 54,434 477.005 Utilization of Prior Year Reserves 10,430 817,715 TOTAL REVENUE 4,104,175 4,258,625 3,421,005 10 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2024 - 2025 2023 - 2024 2022- 2023 Proposed Budget Proposed Budget Actual General Fund Expenditures LEGISLATIVE 511-511.000 Executive Salaries 40,800 40,800 40,800 511-521.000 Social Security Taxes 2,550 2,530 2,530 511-521.100 Medicare Taxes 600 595 592 511-522.000 Retirement Contributions 18,500 18,315 14,800 511-523.000 Health Insurance 36,000 43,200 42,771 511-523.100 Life Insurance 600 600 511-524.000 Workers Compensation Insurance 230 275 511-540.000 Travel and Training 1,500 1,500 511-554.000 Dues and Subscriptions 1,500 1,500 350 Total Legislative 102,280 109,315 101,843 ADMINISTRATION 512-512.000 Regular Salaries And Wages 321,000 307,250 278,692 512-515.000 Overtime Pay 1,220 512-521.000 Social Security Taxes 19,950 19,050 17,279 512-521.100 Medicare Taxes 4,700 4,455 4,041 512-522.000 Retirement Contributions 73,000 68,000 35,351 512-523.000 Health Insurance 46,000 35,600 28,223 512-523.100 Life Insurance 600 600 512-524.000 Workers Compensation Insurance 3,200 500 2,800 512-534.000 Other Contractual Services 1,858 512-540.000 Travel and Training 7,500 7,500 10,248 512-554.000 Dues and Subscriptions 4,500 4,500 899 513-531.100 Attorney Fees 65,000 65,000 67,270 513-533.000 Accounting and Auditing 135,000 105,000 121,716 513-568.000 Computer Equipment - Capital Outlay 5,000 Total Administration 685,450 618,675 568,377 COMPREHENSIVE PLANNING 515-531.200 Engineering Fees 20,000 20,000 515-534.100 Planning & Zoning I Board of Adjustment 6,000 12,000 1,500 515-534.150 Special Magistrate 15,000 9,875 14,725 Total Comprehensive Planning 41,000 41,875 16,225 OTHER GENERAL GOVERNMENT 519-534.000 Other Contractual Services 19,000 19,000 11,851 519-534.200 Janitor Services 4,800 3,250 519-534.300 Election Expenses 5,000 5,000 4,895 519-534.400 Advertising 4,500 4,500 8,107 519-534.500 General Code 10,000 10,000 6,405 519-534.600 Records Retention 12,000 10,000 5,663 519-540.000 Traveland Per Diem 94 519-541.000 Communications 20,000 12,000 14,931 519-54l.l 00 Postage 3,000 3,000 3,408 519-543.000 Utility Services 45,000 40,000 48,420 519-545.000 Insurance 216,900 95,000 88,599 519-546.000 Repair & Maintenance - Services 18,000 11,000 12,689 11 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2024 - 2025 2023 - 2024 2022-2023 Proposed Budget Proposed Budget Actual 519-546.100 Repair & Maintenance - Town Hall 11,000 11,000 11,353 519-547.000 Printing and Binding 3,000 1,800 2,893 519-549.100 Miscellaneous Expenses 738 519-549.400 Bank and Merchant Fees 6,750 4,000 8,674 519-551.000 Office Supplies 8,000 5,000 5,667 519-552.000 Operating Supplies 15,000 15,000 8,217 519-554.000 Dues & Subscriptions 2,000 2,000 4,548 519-563.000 Improvements - Other Than Buildings 15,858 519-564.100 County Parking Meters Expenses 32,000 32,000 33,782 519-564.110 Town Parking Meter Expenses 9,700 9,700 145 519-564.300 Technology Maintenance 49,500 17,800 18,138 519-562.000 Improvements - Capital Outlay 80,000 50,000 6,656 519-564.000 Machinery and Equipment - Capital Outlay 25,000 16,008 519-564.300 Technology - Capital Outlay 44,670 Total Other General Govermnent 595,350 362,600 385,658 LAW ENFORCEMENT 521-534.700 Police Protection 618,115 591,970 543,479 521-534.750 Police Education 25 25 38 Total Law Enforcement 618,140 591.995 543,517 FIRE CONTROL 522-534.800 Fire Control 287,000 275,815 262,678 Total Fire Control 287,000 275,815 262,678 BUILDING & INSPECTIONS 524-512.000 Regular Salaries And Wages 173,000 245,000 47,824 524-515.000 Overtime Pay 530 520 524-521.000 Social Security Taxes 10,750 15,225 2,965 524-521.100 Medicare Taxes 2,550 3,560 694 524-522.000 Retirement Contributions 24,000 33,245 6,809 524-523.000 Health Insurance 36,000 16,620 18,835 524-523.100 Life Insurance 400 400 524-524.000 Workers Compensation Insurance 1,130 100 1,400 524-524.310 Code Enforcement 37,000 34,740 31,016 524-531.100 Attorney Fees - Code 10,000 10,000 6,885 524-534.000 Other Contractual Services 25,000 5,000 198,883 524-535.000 Operating Expenses 3,000 6,200 2,935 524-540.000 Travel and Training 2,500 2,500 144 524-547.000 Printing & Binding 1,500 1,500 1,244 524-552.000 Safety Equipment 350 350 524-554.000 Dues and Subscriptions 1,500 1,500 524-564.000 Machinery and Equipment - Capital Outlay 50,000 Total Building & Inspections 329,210 426,460 319,635 EMERGENCY & DISASTER RELIEF 525-549.200 Emergency Management 10,000 10,000 26,116 525-564.000 Machinery and Equipment Total Emergency & Disaster Relief 10,000 10,000 26,116 12 GENERAL FUND Fiscal Year Fiscal Year Fiscal Year 2024. 2025 2023 • 2024 2022- 2023 Proposed Budget Proposed Budget Actual GARBAGE & SOLID WASTE CONTROL 534-534.900 Garbage and Trash 465,000 426,000 434,503 534-549.300 County Billing Collection Fees 3,300 Total Garbage & Solid Waste 465,000 429,300 434,503 PHYSICAL ENVIRONMENT/ MAINTENANCE 539-512.000 Regular Salaries and Wages 166,000 125,000 106,852 539-514.000 Overtime 11,620 8,750 42 539-521.000 Social Security Taxes 11,200 8,295 6,627 539-521.100 Medicare Taxes 2,575 1,945 1,550 539-522.000 Retirement Contributions 24,250 18,150 11,424 539-523.000 Health Insurance 32,400 16,020 8,658 539-523.100 Life Insurance 400 400 539-524.000 Workers Compensation Insurance 18,100 11,815 9,804 539-540.000 Travel and Training 3,000 3,000 539-552.000 Operating Supplies 10,000 10,000 539-552.100 Fuel and Vehicle Maintenance 16,000 6,800 12,327 539-554.000 Dues and Subscriptions 1,000 1,000 539-564.000 Machinery and Equipment • Capital Outlay 155,000 40,000 Total Physical Environment/ Maintenance 451,545 251,175 157,284 ROAD & STREET FACILITIES 541-543.100 Street Lighting 85,650 85,650 84,420 541-552.200 Street Maintenance & Repair 93,250 10,000 124 541-562.000 Improvements - Capital Outlay 83,250 Total Road & Street Facilities 262,150 95,650 84,544 LIBRARY 571-534.850 Public Library 55,550 52,215 38,166 Total Library 55,550 52,215 38,166 � 572-546.200 Parks General Maintenance 45,000 59,050 63,717 572-562.000 Park Improvements 115,000 243,000 8,425 572-564.000 Machinery and Equipment 17,691 Total Parks and Recreation 160,000 302,050 89,833 CULTURE & RECREATION 579-548.100 Special Events 25,000 15,000 16,483 579-548.200 Holiday Expenditures 15,000 25,000 11,372 579-583.000 Civic I Youth Donations 1,500 1,500 2,621 Total Culture & Recreation 41,500 41,500 30,476 TOTAL EXPENDITURES 4,104,175 3,608,625 3,058,854 TRANSFERS TO OTHER FUNDS 519-581.400 Transfer to Sewer Fund 650,000 Total Transfers to Other Funds 650,000 INCREASE (DECREASE) IN NET POSITION 362,151 13