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HomeMy Public PortalAboutResolution No. 23-108 - Setting the proposed budget for FY 24Sponsored by: City Manager RESOLUTION NO. 23-108 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA, SETTING THE PROPOSED BUDGET FOR THE CITY OF OPA-LOCKA, FLORIDA AS REQUIRED BY THE STATE AND LOCAL AGREEMENT OF COOPERATION BETWEEN THE FLORIDA GOVERNOR AND THE CITY OF OPA-LOCKA, FOR FISCAL YEAR (FY) 2023-2024; ESTABLISHING REQUIREMENTS FOR THE APPROVAL OF THE CITY BUDGET ON OR BEFORE AUGUST 1ST AND FORWARDING TO THE GOVERNOR THE PROPOSED ANNUAL BUDGET OF THE CITY AS PRELIMINARILY APPROVED BY THE CITY COMMISSION FOR FY 2023-2024; AND DIRECTING THE CITY MANAGER TO FORWARD A COPY OF THIS RESOLUTION AND APPROVED PROPOSED BUDGET TO THE GOVERNOR; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 218.503, Florida Statutes, provides measures to resolve the financial emergency by the City of Opa-Locka, agreeing through the State and Local Agreement of Cooperation between the Governor and the City of Opa-Locka through Executive Order Number 2016-135 to submit to the Governor, on or before August 1St of each year a proposed Annual Budget of the City, as preliminarily approved by the City Commission; and WHEREAS, the City Manager of the City of Opa-Locka has recommended a proposed budget of Funding (Revenue, Loans, Grants, Interfund Transfers -In and usage of Unassigned Fund Balance) (attached hereto as Exhibit "A") $95,086,362.00 and Expenditure of $95,086,362.00 for FY 2023-2024, commencing October 1, 2023 and ending September 30, 2024 based on the underlying assumptions for revenue and expenditure estimates contained in the proposed Annual Budget documented and included with the budget submission, and as amended; and WHEREAS, should the City Commission desire to make certain changes on July 26, 2023, which require adjustments and recalculation of the proposed annual budget amount (due to interfund transfers), the City Manager shall have the authority to make said changes and include same as a part of this Resolution. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA: SECTION 1. The recitals to the preamble herein are incorporated by reference. Resolution No. 23-108 SECTION 2. The City Commission hereby approves the proposed $95,086,362.00 government -wide Annual Budget for the City of Opa-Locka, Florida for FY 2023-2024, commencing October 1, 2023 and ending September 30, 2024, for both Funding and Expenditures. SECTION 3. The date, time and place for the public hearing to consider the above proposed Annual Budget shall be as follows: PUBLIC HEARING Date: Wednesday, July 26, 2023 Time: 7:00 p.m. Place: City Commission Chambers, 780 Fisheman Street, 3rd Floor, Opa-Locka, Florida SECTION 4. The City Manager is hereby directed to transmit the proposed Annual Budget to the State of Florida Governor's Designee, by August 1, 2023 in accordance with Executive Order Number 2016-135. SECTION 5. The City Manager is hereby authorized to make certain adjustments and recalculate the proposed annual budget amount, due to interfund transfers, in order to reflect the correct budget amount prior to sending this Resolution to the Governor or Governor's Designee. SECTION 6. This Resolution shall take effect upon adoption and is subject to the approval of the Governor or Governor's Designee. PASSED and ADOPTED this 26th day of July, 2023. John H. : ylor Jr., Mayor ATTEST: a Flores, City Clerk Resolution No. 23-108 APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Burn tte Norris-eeks, P.A. City Attorney Moved by: Commissioner Williams Seconded by: Vice Mayor Ervin VOTE: 4-1 Commissioner Bass YES Commissioner Kelley NO Commissioner Williams YES Vice Mayor Ervin YES Mayor Taylor YES 3 City of Opa-locka Agenda Cover Memo Department Director: Bob Anathan Department Director Signature: i: City Manager: Darvin E. Williams CM Signature: Zi3 aitA—.; Ordinance Other Commission Meeting Date: July 26, 2023 Item Type: (EnterXin box) Resolution X Fiscal Impact: (EnterXin box) N/A Yes No Ordinance Reading: (EnterXin box) 1St Reading 2nd Reading X Public Hearing: (EnterXin box) Yes No Yes No X X Funding Source: Account# : (Enter Fund & Dept) Ex: NA Advertising Requirement: (EnterXin box) Yes No X Contract/P.O. Required: (EnterXin box) Yes No RFP/RFQ/Bid#: X Strategic Plan Related (EnterXin box) Yes No Strategic Plan Priority Area: Enhance Organizational m Bus. & Economic Dev I♦ ; Public Safety IM I Quality of Education Illi Qual. of Life & City Image MI j Communication MII1 Strategic Plan Obj./Strategy: (list the specific objective/strategy this item will address) All areas X Sponsor Name City Manager Department: City Manager Short Title: Preliminary Adoption of Proposed FY 24 City Budget To Be Forwarded To The Florida Governor Staff Summary: In accordance with the Local Agreement of Cooperation between the City and the State, the City is required to submit to the State by August 1st each year a proposed budget for the following fiscal year. Proposed Action: Staff recommends the City Commission review the proposed budget, directs staff to make adjustments as appropriate, preliminarily approves the amended budget and directs staff to ensure the budget is received by the Governor, or designee, by August 1, 2023. Attachment: 1. Budget Book 2. Proposed Resolution