This is the first of two public hearings on the budget. A summary of the proposed budget is included as Schedule A.
The City Manager presented his proposed budget to the City Commission at the July 8, 2020 City Commission Meeting. The Commission has discussed the budget at subsequent meetings. Based on those discussions the Commission and CRA Agency has reached consensus regarding the following changes to the proposed budget:
CRA Budget:
a) Added $500,000 for business assistance programs to help with pandemic response and recovery.
b) Added $20,000 for the Woman’s Club façade improvements.
These changes will leave the CRA with an estimated $1 million in unallocated funds.
General Fund Budget:
a) Revised State Revenue and Property Tax estimates to match most recent figures. The net effect was to increase General Fund revenues by approximately $395,000.
b) Added $20,000 to Designated Trust Fund Transfers in the General Fund to provide additional support to façade improvements at the Woman’s Club.
c) Reduced General Fund Transfers to the Capital Project Fund to reflect the cancellation of the remaining project balance of $164,000 for improvements to Dinky Dock in the Parks Major Maintenance line item.
d) Added $50,000 to the Planning Department Contractual Services for Design/Study work related to the realignment of Palmetto and parking enhancements at Progress Point.
e) Added $94,000 to the Planning Department Contractual Services for Design/Study of traffic/engineering work related to the Orange/Denning/Minnesota intersection.
Overall contingency in the General Fund is now estimated at $745k. This includes the $350k for the Commuter Rail carve-out.
These changes have been incorporated into the proposed budget and are reflected in Schedule A (attached).