| | | | | | | | CITY OF RIVIERA BEACH CITY COUNCIL AGENDA ITEM SUMMARY | | | | | | | |
| | | | | | | | Meeting Date: | 9/6/2018 | Agenda Category: | |
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| | | | | | | | Subject: | Setting the millage rate at 8.4520 mills for Fiscal Year 2018-2019. |
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| | | | | | | | Recommendation/Motion: | Approve on first reading a millage rate of 8.4520 mills for fiscal year 2018-2019 |
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| | | | | | | | Originating Dept | FINANCE | | Costs | | User Dept. | ALL | | Funding Source | | Advertised | Yes | | Budget Account Number | | Date | AUGUST | | | | Paper | TRIM NOTICE TO ALL PROPERTY OWNERS ADVERSTISED PUBLIC HEARING TO START AT 6:00 P.M. | | | | Affected Parties | Notified | | | |
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| | | | | | | | Background/Summary: | During City Council workshop discussions and deliberations the City Council conceptually agreed that levying a millage rate of 8.4520 mills for fiscal year 2018-2019 would be sufficient to run the General Fund Operations of the City. The proposed millage rate is 3.74% higher than the rolled back rate of 8.1475. The rolled back rate is the rate that would generate the same amount of property tax revenues as the current year.
When levying a millage, taxing authorities must follow Chapter 200, Florida Statutes, which governs TRIM. The Truth in Millage (TRIM) process informs taxpayers and the public about the legislative process which determines local ad valorem taxes. Florida state laws provide for public input and for governing board of taxing authorities to state specific reason for proposed changes in taxes and the budget.
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| | | | | | | | Fiscal Years | | | | | | Capital Expenditures | | | | | | Operating Costs | | | | | | External Revenues | | | | | | Program Income (city) | | | | | | In-kind Match (city) | | | | | | Net Fiscal Impact | | | | | | NO. Additional FTE Positions
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| | | | | | | | A. Finance Department Comments: | | | B. Purchasing/Intergovernmental Relations/Grants Comments: | | | C. Department Director Review: | |
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| | | | | | | | Contract Start Date | | Contract End Date | | Renewal Start Date | | Renewal End Date | | Number of 12 month terms this renewal | | Dollar Amount | | Contractor Company Name | | Contractor Contact | | Contractor Address | | Contractor Phone Number | | Contractor Email | | Type of Contract | | Describe | |
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REVIEWERS: | Department | Reviewer | Action | Date | Finance | sherman, randy | Approved | 8/27/2018 - 4:32 PM | Purchasing | Answerer | Approved | 8/27/2018 - 5:10 PM | Finance | sherman, randy | Approved | 8/28/2018 - 7:42 AM | Attorney | Answerer | Approved | 8/28/2018 - 8:21 AM | City Clerk | Robinson, Claudene | Approved | 8/28/2018 - 4:56 PM | Finance | sherman, randy | Approved | 8/29/2018 - 9:52 AM |
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