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07-21-2011City Commission Cris M. Soror Susan Gottlieb, Mayor Fria M. Soroka, ICMA -CM Zev Auerbach Cer CJM. ]Bob Diamond Teresa M. Soroka, MMC Billy Joel Teri Holzberg CitrAttorner Michael Stern Weiss Scrota Hellman ]Luz Urbiez Weinberg ]Pastoriza Cole & Boniske AGENDA JULY 219 20119 AM Aventura Government Center 19200 West Country Club Drive Aventura, Florida 33180 1. CALL TO ORDER/ROLL CALL 2. OVERVIEW AND REVIEW OF PROPOSED BUDGET A. GENERAL FUND • REVENUES • GENERAL GOVERNMENT DEPARTMENTS (CITY COMMISSION, OFFICE OF THE CITY MANAGER, LEGAL, CITY CLERK, FINANCE, & INFORMATION TECHNOLOGY) • PUBLIC SAFETY DEPARTMENT • COMMUNITY DEVELOPMENT DEPARTMENT • COMMUNITY SERVICES DEPARTMENT • ARTS & CULTURAL CENTER DEPARTMENT • NON - DEPARTMENTAL • CAPITAL OUTLAY B. MOTION TO ADOPT RESOLUTION TO ESTABLISH TENTATIVE MILLAGE RATE: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, ESTABLISHING A PROPOSED MILLAGE RATE FOR THE 2011/12 FISCAL YEAR; PROVIDING FOR THE DATE, TIME AND PLACE OF THE PUBLIC HEARING TO CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE BUDGET; AND PROVIDING FOR AN EFFECTIVE DATE. July 21, 2011 Cnmisdm Mae* C. POLICE EDUCATION FUND D. TRANSPORTATION AND STREET MAINTENANCE FUND E. POLICE CAPITAL OUTLAY IMPACT FEE FUND F. 911 FUND G. DEBT SERVICE FUND H. POLICE OFF -DUTY SERVICES FUND I. STORMWATER UTILITY FUND 3. ADJOURNMENT This meeting is open to the public. In accordance with the Americans with Disabilities Act of 1990, all persons who are disabled and who need special accommodations to participate in this meeting because of that disability should contact the Office of the City Clerk, 305466 -8901, not later than two days prior to such proceeding. One or more members of the City of Aventura Advisory Boards may be in attendance and may participate at the meeting. Anyone wishing to appeal any decision made by the Aventura City Commission with respect to any matter considered at such meeting or hearing will need a record of the proceedings and, for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Agenda items may be viewed at the Office of the City Clerk, City of Aventura Government Center, 19200 W. Country Club Drive, Aventura, Florida, 33180. Anyone wishing to obtain a copy of any agenda item should contact the City Clerk at 305- 466 -8901. 2 r.. im- . t CAPITAL BUDGET " FISCAL YEAR 2011/12 OPERATING AND CAPITAL BUDGET FISCAL YEAR 2011/12 CITY OF AVENTURA CITY COMMISSION Mayor Susan Gottlieb Commissioner Zev Auerbach Commissioner Bob Diamond Commissioner Teri Holzberg Commissioner Billy Joel Commissioner Michael Stern Commissioner Luz Urbaez Weinberg CITY MANAGER Eric M. Soroka, ICMA - CM DEPARTMENT DIRECTORS Weiss Serota Helfman Pastoriza Cole & Boniske, P.L., City Attorney Robert M. Sherman, Community Services Director Teresa M. Soroka, MMC, City Clerk Joanne Carr, Community Development Director Karen J. Lanke, Information Technology Director Steven Steinberg, Police Chief Julie Alm, Charter School Principal Brian K. Raducci, Finance Director Steven Clark, Arts & Cultural Center General Manager CITY OF AVENTURA OPERATING AND CAPITAL BUDGET FISCAL YEAR 2011/12 TABLE OF CONTENTS TOPIC PAGE NO. City Manager's Budget Message I -XIV Organization Chart/ Mission Statement XV Distinguished Budget Presentation Award XVI INTRODUCTION 1 -1 Overview 1-2 Budget Procedures and Process 1 -5 Financial Polices 1 -8 Cash Management/investment Policies 1 -9 Fund Balance Policies 1 -10 Financing Programs and Debt Administration 1 -13 Risk Management 1 -14 Demographics and Miscellaneous Statistics 1 -15 Budget Preparation Calendar 1 -16 Property Tax Information 1 -17 Comparison of Number of Employees 1 -20 SUMMARY OF ALL FUNDS 2-1 Comparative Personnel Summary 2-3 Fund Balance Analysis 2-4 GENERAL FUND 2-5 Summary of Budget 2-6 Revenue Projections 2-9 Expenditures: City Commission 2 -19 Office of the City Manager 2-23 Legal Department 2-29 City Clerk's Office 2-32 Finance Department 2-38 Information Technology Department 2-44 Public Safety Department 2 -51 Community Development Department 2 -59 Community Services Department 2 -65 Arts & Cultural Center Department 2 -72 Non - Departmental 2-78 Capital Outlay 2-82 POLICE EDUCATION FUND 2-87 TRANSPORTATION AND STREET MAINTENANCE FUND 2 -90 POLICE CAPITAL OUTLAY IMPACT FEE FUND 2 -95 PARK DEVELOPMENT FUND 2-98 911 FUND 2 -101 DEBT SERVICE FUNDS 2 -105 CAPITAL CONSTRUCTION FUNDS 2 -119 STORMWA TER UTILITY FUND 2 -121 POLICE OFFDUTY SERVICES FUND 2 -125 SUMMARY OF CAPITAL IMPROVEMENT PROGRAM 3 -1 2011 -2016 Highlights 3 -2 Purpose of the Capital Improvement Program 3 -3 Legal Authority 3-4 Development of Capital Improvement Program 3-4 Capital Improvement Program Policies 3 -5 Preparing the Capital Budget 3 -6 Summary of Recommended Projects 3 -7 Summary of Financing Plan Model 3 -10 Proposed Beautification and Park Facilities Improvements 3 -11 Proposed Transportation, Drainage and Infrastructure Improvements 3 -12 Proposed Public Buildings and Facilities Improvements 3 -13 Proposed Information /Communications Technology 3 -14 Proposed Capital Equipment Purchase and Replacement 3 -15 Impact of Capital Projects on Operating Budget 3 -16 APPENDIX 4 -1 Office of the City Manager City of Aventura 4; uwvernmnt Centcr IV 19200 west Country Club Drive Avenrura, Florida 33180 The Honorable Mayor and City Commission City of Aventura Aventura, Florida 33180 RE: 2011/12 Budget Message Members of the City Commission: In accordance with Article IV, Section 4.05 of the Charter of the City of Aventura, I hereby submit the proposed Operating and Capital Budget for all funds for the fiscal year beginning October 1, 2011, for your review and consideration. The budget document emphasizes a professional and conservative fiscal approach and represents the single most important report presented to the City Commission. It is primarily intended to establish an action, operational, and financial plan for the delivery of City services. As the City continues to respond to the economic recession that has resulted in an erosion of our tax base over the past four years, every effort was made to maintain our quality municipal services, in particular public safety services, free shuttle bus service, park availability hours and our signature beautification efforts. Cost saving measures and favorable bid results for service contracts assisted the City in addressing the revenue reductions and the current economic climate. Going forward in these uncertain economic times we need to continue our prudent fiscal practices. This document serves as an aid to the residents in providing a better understanding of the City's operating and fiscal programs. This government promotes and supports a high quality of life for its citizens, businesses and visitors. Budaet Format This single budget document, which includes all City Funds and service programs, has been prepared to provide the public with a comprehensive overview of all City services and financial framework. A separate budget document for the Charter School is adopted by the City in May of each year. The budget is a performance based plan that links goals and objectives with the financial resources necessary to achieve them. In order to ensure that goals and objectives established in the budget planning process are translated into results, the resources allocation process is tied to performance. The budget document contains performance /workload indicators to facilitate this process. Every effort was made to provide a budget document that can be fully reviewed and justified to the City Commission and residents. The preparation of the budget document marks a continued commitment to a planned and professional process of developing a budget that will address both current and future issues facing the City. It also demonstrates the City's commitment to providing adequate service levels and the necessary justification to support all expenditure requests. Significant Factors Affecting Budget Preparation Over the past four years the City has experienced huge losses in property tax revenue. Between the economic recession that resulted in lower property values and voter - approved constitutional amendments that took effect three years ago, the City's taxable value has decreased from $9.609 Billion to $7.291 Billion. This represents a loss of 24% or $4.0 million in tax revenue compared to the 2007 tax roll year. This year the City experienced a 0.6% increase in the property values. $10.00 o $9.00 m $8.00 $7.00 $6.00 $5.00 $4.00 $ 3.00 $ 2.00 $1.00 $0.00 Assessed Values j7.291 ti °y ° \yy - -- — --------- Cautiously, it appears that trends point to the probability that the City's overall property values may have "bottomed out ". Recently, we have witnessed positive signs that the local economy has shown some improvement. The new construction values rose moderately to 33.5 million. However, as we continue to observe, the recovery from this economic downturn is slower and longer than previous recoveries. All indications are that for the next several years we will experience either no or slow growth in the South Florida economy. More important, it is doubtful that the loss of housing values caused by the recession will share in a recovery for some time. There was one silver lining to the recession that assisted the City in reducing its operating costs. The model of privatizing many service areas of the City's operations over the years has served the City well and has allowed for a more cost effective service delivery system as compared to the traditional government structure. Over the past two years as the service contracts expired and were placed out for bids, the results were very favorable to the City and produced cost savings while maintaining current levels of service. The largest cost savings were realized in the maintenance and transportation service areas. In addition, capital project bids also produced favorable results and lower costs as compared to prior years. In response to the current economic environment, the following important financial goals guided the preparation of this years' budget: • Limit the overall operating costs increase to 2% while maintaining the current service levels and programs. The budget would not include any expansion or new government services. • Avoid increasing the property tax rate In light of the economic times our residents and businesses are experiencing. • Bridge the revenue gap by utilizing reserve funds to support nonrecurring capital improvements. The budget process produced a total budget $6,678,979 or 11.8% less than the previous year. This was due primarily to a 2010/11 $5.6M budget amendment that pertained to the refunding of the remaining portion of the original Series 1999 Revenue Bonds. If you were to exclude this one -time budget amendment, the 2011/12 budget is lower by $1,113,979 when compared to the previous year's budget. Operating costs were limited to a 1.1% increase as compared to the previous year. Lower costs associated with service delivery contracts assisted greatly in reducing our overall costs. Historically, this budget represents the lowest percentage of operating cost increase over the prior year since the incorporation of the City. The previously mentioned refinancing of the original Series 1999 Revenue Bonds in this fiscal year resulted in a cost saving of $140,555. It is important to note that the City has experienced reductions in utility expenses based on implementing various energy saving measures throughout the organization. In addition several other cost saving measures have been implemented including issuing stipends in lieu of City issued phones for non - essential employees, reducing the Community Service Department's fleet size and utilizing more paperless strategies. In order to balance the budget, $504,120 was utilized from the City's reserve funds in order to fund a portion of the nonrecurring capital projects contained in the budget. The City very prudently set aside reserves during better economic conditions. The key to our long time fiscal stability is to ensure that the amount used from the reserves is kept to a minimum. Capital Outlay costs decreased by $784,041 or 4.3% due to the completion of major capital projects in prior years. Keeping in line with the stated goals, the same tax rate as the prior year is recommended to balance the budget while maintaining all current service levels to the community. The rate continues to be the lowest in the County. In addition, the budget does not include any expansion or additional services. The total number of full -time employees contained in the proposed budget is 173 as compared to 174 in 2010 /11 fiscal year. Based on a reorganization of staffing in the Community Services Department that recently occurred, one position (Recreation Services Superintendent) was eliminated and resulted in a cost savings of $92,000. Due to the new Federal health care requirements, an 8% increase in the employee health insurance premiums impacted the budget by $155,152. Due to the anticipated slow economic recovery, it is almost certain that fund balances or new revenues sources will be needed to balance future year's budgets. Every effort should be made to ensure fund balances are only utilized to fund nonrecurring capital projects and not annual operating costs. We need to continue to remain prudent and conservative in our financial management of the City. The City's residents deserve quality municipal services provided in a productive and efficient manner at the lowest possible cost. They also deserve proper justification when a budget is proposed. I believe the budget contained within does all of this. 2011/12 Budget Priorities /Goals The following represents the pre - established priorities and goals that provided a framework for the preparation of the 2011/12 Budget Plan. ✓ Avoid increasing the property tax rate in light of the economic times our residents and businesses are experiencing. ✓ Bridge the revenue gap by utilizing reserve funds to support nonrecurring capital improvements. ✓ In response to decreased revenues, limit increases in operating costs to 2% while maintaining current service levels and programs. ✓ Continue to adopt "Go Green" initiatives in order to save energy, conserve precious natural resources and reduce our impact on climate change. These initiatives over time will also reduce our annual operating cost and impacts on the environment. ✓ Provide funding to maintain landscaped areas and the City's infrastructure to continue to provide a high quality maintenance program. ✓ Continue to utilize technology to improve productivity and lower costs of providing services. ✓ Implement and fund the "pay as you go" Capital Improvement Program to address the City's infrastructure needs. Summary of All Budgetary Funds The total proposed budget for 2011/12, including all funds, capital outlay and debt service, is $49,896,790. This is $6,678,979 or 11.8% less as compared to the prior year. Operating expenditures total $28,807,281, while Capital Outlay expenditures total $18,521,599 and Debt Service expenditures total $2,567,910. Fund Summary by Amount FUND PROPOSED AMOUNT % OF BUDGET General $46,667,048 89.4% Police Education 11,000 .0% Transportation 1,642,150 3.0% Police Impact Fee 16.557 .0% Park Development 2,246 .0% E911 211,650 0.5% Debt Service 2,567,910 4.9% Stormwater Utility 841,458 1.6% Police Offduty Services 240,000 •5% IV Fund Summary by Percentage General 89.4% Police Education 0.0°/ Expenditures by category are as follows: Lion mpact Fee Park Development 0.0% ebtSery ice 4.9% ry Offduty Services 0.5% CATEGORY Category Summary PROPOSED AMOUNT % OF BUDGET Personal Services $ 18,967,221 38.0% Contractual Services $ 4,850,253 9.7% Other Charges /Svcs $ 4,078,705 8.2% Commodities $ 687,642 1.4% Other Operating Expenses $ 223,460 0.4% Capital Outlay $ 18,521,599 37.1% Debt Service $ 2,567,910 5.1% Total Expenditures $ 49,896,790 100.0% Category Summary by Percentage Contractual Services —9.7% —Other Charges&Services Personal Services 38.0% DebtSei 5.1 °/ V 37.1% Commodities 1.4% Other Operating Expenses 0.4% The following chart shows a comparison of each department's budget for the past two (2) years. Although it appears that total costs decreased by 11.8% compared to the prior year, this was due primarily to a 2010/11 $5.6M budget amendment that pertained to the refunding of the remaining portion of the original Series 1999 Revenue Bonds. This resulted in an approximate $530,000 savings. If you were to exclude this one -time budget amendment, the 2011/12 budget is lower by $1,113,979 when compared to the previous year's budget. City Commission Office of the City Manager Legal City Clerk Finance Information Technology Police Comm. Development Community Services Arts & Cultural Center Non - Departmental Subtotals Departmental Budget Comparison Capital Outlay 3,589,741 Increase (481,041) -13.4% 2010/11 2011/12 (Decrease) % Change 119,927 119,938 11 0.0% 868,416 888,673 20,257 2.3% 280,000 280,000 - 0.0% 286,068 270,082 (15,986) -5.6% 849,590 875,064 25,474 3.0% 915,901 969,176 53,275 5.8% 15,270,691 16,276,119 1,005,428 6.6% 1,477,308 1,506,872 29,564 2.0% 6,094,912 5,344,104 (750,808) -12.3% 684,875 673,253 (11,622) -1.7% 1,635,000 1,604,000 (31,000) -1.9% 28,482,688 28,807,281 324,593 1.1% Capital Outlay 3,589,741 3,108,700 (481,041) -13.4% CIP Reserve 16,215,527 15,412,899 (802,628) -4.9% Debt Service 8,287,813 2,567,910 (5,719,903) -69.0% Totals 56,575,769 49,896,790 (6,678,979) -11.8% GENERALFUND The General Fund is used to account for resources and expenditures that are available for the City's general operations of city government functions. Revenues The revenues, available for allocation in the 2011 /12 fiscal year General Fund Budget, including inter -fund transfers, are anticipated to be $46,667,048. This is a decrease of $273,089 or 0.6% as compared to last year. Locally Levied Taxes — The City's assessed value as reported by the County Property Appraiser Department is $7,290,634,319. This amount is 0.6% or $46,027,712 more than last year. The new construction value was $33,596,714. The ad valorem millage levy for fiscal year 2011/12 is recommended to be 1.7261, which is the same rate adopted last year. This will generate $11,955,146 compared to last year's amount of $11,879,670. This represents the 16th consecutive year without an increase. The budget includes $3,908,625 from electric utility taxes and anticipated utility taxes for water and gas and the unified VI communications tax make up the remainder of this category and are based on historical data and the number of residential and commercial establishments located in the City. Licenses and Permits — The amount for this revenue category is projected to be $440,000 more than the prior year which is reflective of the slight upturn in building and renovation activity. The budget includes $2,991,000 from FPL franchise fees based on the Interlocal Agreement with the County and $1,300,000 for building permits. Intergovernmental Revenues — Total revenues for this category are projected to decrease by $5,458 as compared to the amount budgeted for the prior year due to anticipated lower Sales tax revenue. Charges For Services — Revenues relating to charges for services are anticipated to be $39,750 more than the prior year's budget. The majority of the increase is attributed to revenue generated from recreation user fees from increased participation. Fines and Forfeitures — Total revenues projected for 2011/12 is $1,457,000. Revenues from county court fines and intersection safety violations are included in this category. Miscellaneous Revenues — Projected revenues are anticipated to be $191,000. This is a decrease of $229,000 compared to the amount budgeted for the prior fiscal year. This is due to lower than expected interest earnings . Fund Balance — This represents a designated amount of funds accumulated in reserves. The amount utilized from the fund balance is $15,697,608. Non - Revenues — This represents transfers from the E911 Funds to the General Fund Intergovernmental 4.7 Revenues by Source Locally Levied Taxes Vil Fund Balance 33.6 Services Fines &Forfeitures j 3.1 es Expenditures The estimated 2011/12 General Fund expenditures contained within this budget total $46,667,048 and are balanced with the projected revenues. Total expenditures are $273,089 or 0.6% less than the 2010/11 fiscal year amount. The operating expenditures have increased by $551,507 or 2.1 % as compared to the prior year. CATEGORY SUMMARY Increase Category 2010/11 2011/12 (Decrease) % Change Personal Services 18,097,235 18,727,221 629,986 3.5% Contractual Services 3,586,375 3,575,253 (11,122) -0.3% Other Charges /Svcs 4,023,904 3,958,705 (65,199) -1.6% Commodities 648,600 683,642 35,042 5.4% Other Operating Expenses 244,260 207,060 (37,200) -15.2% Total Operating Expenses 26,600,374 27,151,881 551,507 2.1% Capital Outlay 18,078,229 17,294,188 (784,041) -4.3% Transfer To Funds 2,261,534 2,220,979 (40,555) -1.8% Total Expenditures 46,940,137 46,667,048 (273,089) -0.6% Personal Services Personal Services increased by $629,986 or 3.5% compared to the prior year. Of this amount, 1.5% or $255,152 can be attributed to increased health insurance costs and police overtime. Expenditures for non - unionized employees have been budgeted to reflect a 2.5% cost of living adjustment and a performance /merit increase amount that averages 3% per employee. The costs associated with the PBA Collective Bargaining Agreement are included in the proposed budget. The total number of full -time employees is 173 compared to 174 in 2010 /11 fiscal year. Based on a reorganization of staffing in the Community Services Department that recently occurred, one position (Recreation Services Superintendent) was eliminated and resulted in a cost savings. The total number of part- time employees remains at 12. Other personnel changes contained in the budget are as follows: • Police Department - Reclassified an Assistant Fleet Manager position and a Service Aide position to Fleet Maintenance Worker. Reclassified a Crime Scene II position to Property Room /Crime Scene Supervisor. Reclassified a Police Officer position to Sergeant. • City Clerk's Office — Reclassified Administrative Assistant to City Clerk position to Executive Assistant to City Clerk. The per capita number of employees is significantly lower than adjacent municipalities. This is due to the City's emphasis on privatizing major functions of City services for greater productivity. Total pension costs increased by $58,000 or 2.5% compared to the prior year. VIII Operating Expenses The expenditures for contractual services are budgeted at $3,575,253 or 7.7% of the General Fund budget. This is $11,122 less than the prior year. Major decreases in the cost of providing maintenance services based on favorable bid results were offset by increases in building inspection services generated by building activity and costs associated with the Traffic Safety Program. Expenditures for other charges and services are budgeted at $3,958,705, which represents 8.5% of the total budget. This category decreased by $65,199 due to savings in utility and communications costs based on the implementation of "Go Green" polices and the cell phone stipend program. Expenditures for commodities are budgeted at $683,642, which represents 1.5% of the total budget. This category increased by $35,000 due to increased fuel prices. Total costs associated with other operating expenses are budgeted at $207,060 which represents .4% of the total budget. Capital Outlay General Fund projects included in the first year of the City's five year Capital Improvement Program (CIP) for 2011 -2016 represent a long term plan to address infrastructure maintenance needs. A total of $2,100,700 has been budgeted in the General Fund for Capital Outlay projects along with a $15,193,488 reserve to fund future projects. Major General Fund capital outlay items are as follows: Radio Purchase & Replacement $688,000 Equipment $158,000 Police Vehicles $430,000 Founders Park Improvements $74,000 Street Lighting Improvements $300,000 E911 Equipment 15,000 Computer Equipment $252,900 Beautification Projects $7,800 Government Center Improvements $175,000 Transfer to Funds Transfers to the debt service funds to pay principal and interest payments associated with the long -term financing of bonds and loans is $2,120,979 which is a decrease of $140,555 as compared to the prior year. The transfer also includes $100,000 from the Traffic Safety Program to the Charter School Fund. IX SUMMARY OF EXPENDITURES BY DEPARTMENT GENERALFUND Total Community Services 4,584,912 4,069,104 (515,808) -11.3% Increase 684,875 673,253 2010/11 2011/12 (Decrease) % Change GENERAL GOVERNMENT (527,430) -10.0% OTHER NON - DEPARTMENTAL City Commission 119,927 119,938 11 0.0% Office of the City Manager 868,416 888,673 20,257 2.3% Legal 280,000 280,000 - 0.0% City Clerk 286,068 270,082 (15,986) -5.6% Finance 849,590 875,064 25,474 3.0% Information Technology 915,901 969,176 53,275 5.8% Total Gen. Gov't 3,319,902 3,402,933 83,031 2.5% PUBLIC SAFETY Police 14,898,377 15,895,719 997,342 6.7% Comm. Development 1,477,308 1,506,872 29,564 2.0% Total Public Safety 16,375,685 17,402,591 1,026,906 6.3% COMMUNITY SERVICES Total Community Services 4,584,912 4,069,104 (515,808) -11.3% Arts & Cultural Center 684,875 673,253 (11,622) -1.7% 5,269,787 4,742,357 (527,430) -10.0% OTHER NON - DEPARTMENTAL Non - Departmental 1,635,000 1,604,000 (31,000) -1.9% Tranfers to Funds 2,261,534 2,220,979 (40,555) -1.8% Capital Outlay 18,078,229 17,294,188 (784,041) -4.3% Total other Non -Dept. 21,974,763 21,119,167 (855,596) -3.9% TOTAL 46,940,137 46,667,048 (273,089) -0.6% City Clerk Legal 0.6 %� 0.6 %, Information TE 2.2% Financ 2.0% Office of the City Man; 2.0% City Com m 0.3% X Police 35.6% Community Development 3.4% Capital Outlay ITran sfers 38.7% 0.5% Com m u nity Se rvices 9.1% Arts & Cultural Ce nter 1.5% Non - Departmental 3.6% Police Education Fund This Fund is used to account for revenues and expenditures associated with the two dollars ($2.00) the City receives from each paid traffic citation, which, by state statute, must be used to further the education of the City's Police Officers. A total of $11,000 is anticipated in revenue for 2011/12. The amount budgeted for expenditures will be used for various state - approved training programs throughout the year. Transportation and Street Maintenance Fund This fund was established to account for restricted revenues and expenditures which by State Statute and County Transit System Surtax Ordinance are designated for transportation enhancements, street maintenance and construction costs. Revenues are projected to be $1,642,150 for 2011/12. The County Transit System Surtax is estimated to generate $906,400. The funds will be used to provide transit system services, maintenance, street light improvements on Biscayne Boulevard and fund road resurfacing projects (NE 31 t Avenue /NE 185th Street and a portion of NE 191St Street.). Operating expenditures for maintenance are budgeted at $400,000. Police Capital Outlay Impact Fee Fund This fund was created to account for impact fees derived from new developments and restricted by ordinance for Police capital improvements. This fund provides a funding source to assist the City in providing police services required by the growth in the City. The proposed Police Capital Outlay Impact Fee Fund for 2011/12 is $16,557, due to the decline in new development based on current economic conditions. Park Development Fund This fund is used to account for revenues and expenditures specifically earmarked for capital improvements to the City's park system. The fund accounts for impact fees derived from new developments and grant funds restricted by ordinance for Park capital improvement projects. The proposed Park Development Fund for 2011/12 is $2,246. Due to the decline in new development based on current economic conditions no revenue is anticipated. 911 Fund This fund is used to account for revenues and expenditures specifically earmarked for the City's emergency 911 system in accordance with Florida Statute 365.172. The funds may be used to provide emergency dispatch systems, training, communication, maintenance and repairs and related capital outlay purchases. The fund offsets a portion of the emergency 911 operational costs. The anticipated revenues for 2011/12 are $211,650. Funds will be used to pay costs associated with the 911 system and transfer an amount to the General Fund to offset communication officer costs. XI Debt Service Funds These funds were established to account for revenues transferred from the General Fund and debt service payment expenditures associated with the long -term financing of the following bonds and loans: 2010 & 2011 Debt Service Fund — Established for the purchase of Founders Park, the permanent Government Center site and construction of the Government Center. The orginal debt issued in 1999 was refinanced in 2010 and 2011. The proposed budget for 2011/12 is $1,207,734. 2000 Loan Debt Service Fund — Established for the construction of the Community Recreation Center and the acquisition of Waterways Park. The proposed budget for 2011/12 is $508,465. 2002 Loan Debt Service Fund — Established for the acquisition of the property for the Charter School and to partially fund the Community Recreation Center. The proposed budget for 2011/12 is $404,780. FIFC Loan Debt Service Fund — Established for the construction and equipment of the Charter Elementary School. The proposed budget for 2011/12 is $446,931. The total budget for all Debt Service Funds is $2,567,910. Although it appears that total costs decreased by $5,719,903 compared to the prior year, this was due primarily to a 2010/11 $5.6M budget amendment that pertained to the refunding of the remaining portion of the original Series 1999 Revenue Bonds. This resulted in an approximate $530,000 savings. If you were to exclude this one -time budget amendment, the 2011/12 budget is lower by $154,903 when compared to the previous year's budget. Capital Construction Funds These funds were established to account for the acquisition and /or construction of major capital projects funded by bond or loan proceeds and transfer from other governmental funds. No projects are included in this fund at this time. Stormwater Utility Fund This fund is used to account for revenues and expenditures specifically earmarked for the construction and maintenance of the City's stormwater drainage system. The maintenance costs total $505,000. Capital improvements to the drainage system are budgeted in the amount of $200,000. A reserve account to assist in funding future projects was established in the amount of $141,458. Revenues are projected to be $841,458 for 2011/12. It is recommended that the current rate of $2.50 /ERU be maintained. Police Offduty Services Fund This Fund was established to account for revenues and expenditures associated with services provided by offduty Police Officers in private customer details to the various XII businesses and condominium associations. The proposed Police Services Fund for 2011/12 is anticipated to be $240,000. Summary I am pleased to submit the detailed budget contained herein for fiscal year 2011/12. The budget reaffirms the City Commission's commitment to maintain our quality services at their current levels in light of the economic downturn and without raising the tax rate. Over the years, this City has maintained the lowest tax rate in the County. Without increasing the property rate again this year, coupled with lower property values some residents and businesses will once again see a tax reduction. This budget document and its related policies represent our continued commitment to excellence and to our residents. Some of the major points emphasized, in the proposed budget, are as follows: • For the sixteenth year, no property tax increase. By adopting last year's millage rate, which is less than the roll back rate, most residents with lower property assessments will see a reduction in their City's taxes. • Total expenditures in all funds decreased by 11.8% • The operating cost increases were held to less than 2.0% without reducing current service levels or laying off employees. • Approximately $504,000 was utilized from the City's reserve funds to balance the budget and fund nonrecurring capital projects. • Funds Phase 2 of upgrading the street lighting on the eastside of Biscayne Boulevard. • Includes $74,000 for improvements to Founders Park including replacing exercise equipment, pour in place surfacing and shade covers for the bleachers. • Funds $608,000 to resurface NE 31 t Avenue /NE 185th Street, NE 188th Street and a portion of NE 191st Street. • Continues to implement technology enhancements that develop our "Electronic Government" to allow the public to interact more easily and conveniently with the City and to automate City operations. • Continues contracting most maintenance functions, engineering, plan review and inspection services, as well as the operation of the Arts & Cultural Center to the private sector. • Funds police equipment needs from laptop computers to new police vehicles in the amount of $1,384,500. • Includes $200,000 to upgrade the City's drainage system. XIII • Continues to adopt "Go Green" initiatives in order to save energy, conserve precious natural resources and reduce our impact on climate change. The preparation and formulation of this document could not have been accomplished without the assistance and dedicated efforts of all Department Directors and the Finance Director. All questions relating to the budget should be referred to my attention. A Commission meeting will be held on July 21, 2011 to review in detail the proposed budget document. Respectfully submitted, Eric M. YSora City Manager XIV Organization Chart CITY OF AVENTURA 21 Residents 11 City Commission E City Attorney City Manager City Clerk Finance/Accounting Community Facilities Administra on Parks /Beautification Budget Preparation Minutes Legal Services Customer Service Records Retention Capital Pro ects Clerical Support Personnel I Elections Public Safety I� Department Police Patrol Community Relations Criminal investigations Traffic Enforcement Emergency Preparedness Community Development Department Planning Zoning Building Inspections Code Enforcement Economic Development Occupational Licenses Charter School Department K -8 School Finance Department Community Services Department Finance/Accounting Community Facilities Purchasing Parks /Beautification Risk Management ROW /Median Maint. Public Works Mass Transit Facility Management Special Events Recreation /Cultural Performing Arts Programming Communications Our Mission Statement Our mission is to join with our community to make Aventura a city of the highest quality and a city of excellence. We do this by providing RESPONSIVE, COST EFFECTIVE AND INNOVATIVE local government services. XV Arts & Cultural Information Center Technology Department Department Facility Management Information Management Performing Arts Programming Communications Our Mission Statement Our mission is to join with our community to make Aventura a city of the highest quality and a city of excellence. We do this by providing RESPONSIVE, COST EFFECTIVE AND INNOVATIVE local government services. XV The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to City of Aventura, Florida for its annual budget for the fiscal year beginning October 1, 2010. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. This award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award. XVI { r INTRODUCTION 1 -1 Overview Location and Size Aventura, one of Miami - Dade's newest communities, was incorporated in 1995 and is a young, vibrant, full - service municipality with a diverse demographic base and is recognized internationally as a premier location in which to live, shop and play. Aventura is 3.2 square miles located on the Intracoastal Waterway in northeast Miami - Dade County and is conveniently located between Miami and Fort Lauderdale, just east of 1 -95. The northern boundary of the City is the Miami - Dade /Broward County line, the western is the FEC Railroad, the eastern is the Intracoastal waterway and the southern boundary is NE 176th Street. Aventura is an upscale condo community with some of South Florida's best -known large - scale condominium projects and apartment buildings. Restaurants, movie theaters and the Aventura Mall are conveniently located nearby and downtown Fort Lauderdale and Miami are just 20 minutes away. 1 -2 City Facts Location: 12 miles north of Miami 12 miles south of Fort Lauderdale 1 mile west of the Atlantic Ocean Zip Codes: 33180, 33160 Police Force: 82 Sworn Officers and 38 Civilians • Major Economic Drivers: Retail, medical • Number of Businesses: 2,708 Government Structure The form of government used in the City of Aventura, pursuant to its Charter, is a Commission - Manager form of government. Under this form of government the City Commission is the legislative branch of the government and the City Manager is the executive branch of the government. The City Commission enacts Ordinances, the laws of the City, adopts Resolutions authorizing actions on behalf of the City, reviews plans for development and establishes the policies by which the City is governed. The City Manager is the Chief Executive Officer of the City, overseeing the day -to -day operations, administering the City's service providers, preparing long range plans and implementing the policies established by the City Commission. The City Commission hires the City Attorney, City Clerk and City Manager who then hires all subordinate employees. The City Commission is comprised of seven (7) members, including the Mayor and six (6) Commissioners. The Mayor is the ceremonial leader of the City, the presiding officer at Commission Meetings and is a voting member of the Commission, with his /her vote having no more or less weight than that of any other member of the Commission. While the leading political figure of the City, the Mayor does not bear the responsibility nor has the authority of directing the day -to -day municipal activities. The Mayor executes all Ordinances, Resolutions and issues Proclamations on behalf of the City, and represents the City to other public and private entities. The position of Mayor is considered to be "part- time" and not an employee of the City. The Mayor is elected at large to a four -year term, and may reside in any area of the City. City Commissioners each have the same authority and ability to bring, discuss and vote on matters before the Commission. The position of Commissioner is considered to be "part- time" and not an employee of the City. For election purposes, the City is divided by the William Lehman Causeway into two (2) areas. The City Charter requires that two (2) Commissioners reside in the northern area, and two (2) Commissioners reside in the southern area, and two (2) Commissioners and the Mayor shall be elected without regard to residence in any particular area. The City Commission is committed to providing quality municipal services at the lowest possible cost. The City's operating departments include the Office of the City Manager, City Clerk's Office, Legal, Community Development, Community Services, Finance, Information Technology, Charter School, Arts & Cultural Center and Public Safety. Always progressing... 1 -3 Since the City's incorporation, millions of dollars have been spent on infrastructure improvements including streets, sidewalks, lighting, park development, beautification projects, drainage, pedestrian and safety improvements. Some of these improvements include: • A state -of- the -art Government Center provides a one - stop -shop for its residents and houses all governmental operations, including Commission Chambers, Police Station and administrative offices. • A Community /Recreation Center situated on 2.8 acres of land in a park like setting on the waterfront. This 25,000 square foot facility includes a gym, meeting rooms, computer lab, exercise and aerobic facilities. • The first municipal -run charter school in Miami -Dade County. In order to address the growing number of families with school age children, the City Commission chose to take an aggressive approach to meet its changing demographics. Doors opened to the Aventura City of Excellence School in the fall of 2003 which is adjacent to the new Community Recreation Center. The 84,000 square foot state -of- the -art school serves 972 Aventura schoolchildren from kindergarten to 8th grade. • In 2010, the City's Arts & Cultural Center opened and has provided numerous performing arts and cultural events for all age groups in the community. Privatization of Services The following services are contracted to private contractors or vendors via performance contracts: • Building Plans Review & Inspections • Road, ROW, Park & Median Maintenance • Engineering Services • City Attorney and Legal Services • Recreation Programming & Special Events • Arts & Cultural Center Operations • Solid Waste • Shuttle Bus Service • Charter School Teachers and Educational program • Planning Services incorporation Accomplishments ❖ Highly Visible Police Department, Low Crime Rate ❖ Strong and Growing Economic Base ❖ Lowest Tax Rate — No Increase for the Past 15 Budgets ❖ New Parks and Recreational Opportunities for All Age Groups ❖ Citywide Shuttle Bus Service — Ridership Continues to Expand ❖ Road and Safety Improvements — Traffic Lights, Sidewalks ❖ New Land Development Regulations — Control Over Zoning ❖ Citywide Beautification Program — Bus Shelters & Benches ❖ High Landscape and Roadway Maintenance Standards ❖ Reduced Costs to Citizens — City's Assumption of roads, landscaping and bus service. ❖ "A" rated Charter School ❖ Community Recreation Center ❖ Government Center ❖ Arts & Cultural Center Long Term Goals & Objectives On November 7, 1995, the citizens of Aventura overwhelmingly voted to approve the City's Charter and officially incorporate as Miami -Dade County's 28th municipality. Incorporation afforded residents the opportunity to improve the quality of government services they receive and take control of the City's destiny. Since incorporation, a great deal of progress has been made to accomplish the goals of 1 -4 incorporation with the creation of our own police force, new and expanded parks and recreation opportunities and citywide beautification projects. Aventura is governed by a commission - manager form of government, combining the political leadership of its elected officials with the executive experience of its City Manager. This structure is vastly different from that of other local governments, emulating the private sector by privatizing services and emphasizing customer service based on the following principles: • Prompt response to citizen requests. • One -stop service for permits and business licenses. • Commitment to public involvement. • Utilization of "Electronic Government" to provide service and information. • Commitment to hiring only the most qualified and highly motivated employees. • Limiting the number of employees by privatizing or contracting with the private sector for many services. • A professional, businesslike manner at all times. • An emphasis on quality not quantity. • A high quality of life for citizens, businesses and visitors. • A safe and secure environment to live and work. • Low taxes. • Establishing a small number of operating departments that work closely with the community. Budget Procedures and Process Budget System The City of Aventura uses the Budgeting by Objectives Process in the formulation of its budget. Departmental Budgets include a Recap page that contains the Department Description and Personnel Allocation Summary and Organization Chart. Each department also includes an Objectives page and a Budgetary Account Summary. The Objectives page presents a review of the department objectives and performance /workload indicators. The Budgetary Account Summary provides expenditure detail and a comparison of current and previous year's expenditures. The Budgetary Process is intended to be very valuable in communicating with the Commission and citizens of the City. Budget Process The City's fiscal year shall begin on October 1St and end on September 30th of each year as mandated by Florida statutes. When the certified taxable real estate and tangible property values for the City is received from the Miami -Dade County Property Appraiser on July 1St of each year, the City Manager then submits to the City Commission the Proposed Operating and Capital Budget for the coming year no later than July 10th of each fiscal year. The preliminary millage rate is based on the certified taxable value. The appropriations contained in the proposed recommendation shall not exceed the funds derived from taxation and other revenue sources. The City's Budget process began in April with a staff meeting between the City Manager and Department Directors to review budget philosophy and develop overall goals and objectives. The entire budget process encompasses approximately five (5) months of the fiscal year. During this period, meetings 1 -5 were held with Department Directors, the City Commission and the public to insure representative input. The budget calendar that follows details the actions taken during the budget process. Budget Adoption The budget is approved via Ordinance at two public meetings scheduled for September conducted by the City Commission. The adopted budget is integrated into the accounting software system effective October 1 St Budget Control /Monitoring Funds appropriated in the Budget may be expended by and with the approval of the City Manager in accordance with the provisions of the City Charter and applicable law. Funds of the City shall be expended in accordance with the appropriations provided in the Budget and shall constitute an appropriation of the amounts specified therein. Supplemental appropriations or the reduction of appropriations, if any, shall be made in accordance with Section 4.07 of the City Charter. The Budget establishes a limitation on expenditures by department total. Said limitation requires that the total sum allocated to each department for operating and capital expenses may not be increased or decreased without specific authorization by a duly - enacted Resolution /Ordinance affecting such amendment or transfer. Therefore, the City Manager may authorize transfers from one individual line item account to another, so long as the line item accounts are within the same department and fund. The "Personnel Allocation Summary" enumerates all authorized budgeted positions. However, the City Manager may amend said authorized budgeted positions in order to address the operating needs of the department so long as sufficient budgeted funds are available. The budget is monitored on a monthly basis to track variances between actual and budgeted amounts. Significant variances are investigated and monitored for corrective action. Quarterly review meetings are held with the Finance Director and City Manager. Encumbrances do not constitute expenditures or liabilities in the current year, but instead are defined as commitments related to unperformed contracts for goods or services, which are only reported in governmental funds. Budget Amendment Upon the passage and adoption of the budget for the City of Aventura, if the City Manager determines that the department total will exceed its original appropriation, the City Manager is authorized to prepare such Resolutions /Ordinances for consideration by the City Commission as may be necessary and proper to modify any line item from the Budget. The Budget Amendment Process will differ as to form depending on whether or not the original budget appropriation is exceeded as follows: • Any change or amendment to the budget that will increase the original total appropriated amount can only be accomplished with the preparation of an Ordinance requiring two (2) public hearings and approval by the City Commission. Any change or amendment to the budget which transfers monies within a fund but does not increase the total appropriated amount can be accomplished with the preparation of a Resolution. This does not require a public hearing, however, approval by the City Commission is still necessary. 1 -6 Basis of Accounting Basis of Accounting refers to the time period when revenues and expenditures are recognized in the accounts and reported on the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The accrual basis of accounting is followed for the proprietary fund types. The modified accrual basis of accounting is followed in the governmental fund types and the expendable trust funds type. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual, that is, when they are both measurable and available. Available means collectible within the current period or soon enough thereafter to pay current liabilities. Expenditures are generally recognized under the modified accrual accounting when the related fund liability is incurred. Exceptions to the general rule are principal and interest on general long -term debt which is recognized when due. The City applies all applicable GASB pronouncements as well as the following pronouncements issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements: Financial Accounting Standards Board (FASB) statements and interpretations, Accounting Principles Board (APB) opinions and Accounting Research Bulletins (ARBs). During June 1999, the Government Accounting Standards Board (GASB) issued Statement No. 34. This statement established new accounting and financial reporting standards for state and local governments. The City implemented the new financial reporting requirements of GASB 34. Fund Structure The accounts of the City are organized and operated on the basis of funds and account groups. A fund is an independent fiscal and accounting entity with a self - balancing set of accounts. Fund accounting segregates funds according to their intended purpose and is used to aid management in demonstrating compliance with the finance - related legal and contractual provisions. The minimum number of funds is maintained consistent with legal and managerial requirements. Account groups are a reporting device to account for certain assets and liabilities of the governmental funds not recorded directly in those funds. The following governmental funds have annual appropriated budgets: Government Fund Types The General Fund is the City's primary operating fund. It accounts for all financial resources of the City, except those required to be accounted for in another fund. Resources are derived primarily from taxes, franchise and utility taxes, charges for services, and intergovernmental revenues. Expenditures are incurred to provide general government, public safety, community development and community services. Special Revenue Funds account for revenue sources that are legally restricted to expenditures of specific purposes (excluding pension trusts and major capital projects). Included in the budget are the following special revenue funds: Police Education (110) • Transportation & Street Maintenance (120) • Police Capital Outlay Impact Fee (140) Park Development (170) • 911 (180) The Debt Service Funds account for the servicing of general long -term and are comprised of the following debit service funds: • 2010 & 2011 Loan Debt Service (230) 1 -7 • 2000 Loan Debt Service (240) • 2002 Loan Debt Service (250) • FIFC Loan Debt Service (290) The Capital Construction Funds accounts for the acquisition and /or construction of major capital projects funded by bond or loan proceeds and transfer from other governmental funds. Included in the budget is the following Capital Projects Fund: • Arts & Cultural Center Construction (391) Proprietary Funds The Enterprise Fund is used to account for operations that are financed and operated in a manner similar to a commercial enterprise, where the intent of the governing body is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges, or where the governing body has decided that periodic determination of the revenue earned, expenses incurred, and /or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. Included in the budget is the following Enterprise Fund: • Stormwater Utility (410) Funds Excluded from Adopted Budget The City owns and operates a Charter School which is accounted for in a separate Special Revenue fund. The School operates on a fiscal year basis ending June 30th. Since the fund was created under a Charter from the School Board it is adopted separately by the Citv Commission in June. Financial Policies economic base will be calculated and included in the Capital update process. The City's financial policies, compiled below, 2. The City will perform all capital set forth the basic framework for the overall improvements in accordance with an fiscal management of the City. Operating adopted capital improvement program. independently of changing circumstances and The City will maintain its physical conditions, these policies assist the decision- assets at a level adequate to protect making process of the City Manager and City the City's capital investment and Commission. These policies provide minimize future maintenance and guidelines for evaluating both current activities replacement costs. The budget will and proposals for future programs. provide for the adequate maintenance and the orderly replacement of the Most of the policies represent long- standing capital equipment from current principles; traditions and practices that have revenues wherever possible. guided the City in the past and have helped 3. The City will provide sufficient funds to maintain financial stability over the last 10 replace and upgrade equipment as well years. They are reviewed annually as a as to take advantage of new decision making tool and to ensure their technology thereby ensuring that continued relevance in an ever - changing employees have safe and efficient tools environment. to provide their service. It reflects a commitment to further automation and Operating Budget Policies use of available technology to improve 1. The City will maintain at a minimum, an productivity in the City's work force. accessible cash reserve equivalent to The objective for upgrading and eight (8) weeks of operating costs. replacing equipment includes: (1) 2. No new or expanded services shall be normal replacement as equipment implemented without a corresponding completes its useful life, (2) upgrades revenue source or the implementation to new technology, and (3) additional of trade -offs of expenses or revenues equipment necessary to service the at the same time. This applies to needs of the Charter School. personnel, equipment and any other 4. The City will use the following criterion peripheral expenses associated with to evaluate the relative merit of each the service. capital project. Capital expenditures will 3. The City shall continue to support a foster goals of: scheduled level of maintenance and 1. Projects specifically included in an replacement of its infrastructure. approved replacement schedule. 4. The City shall support capital 2. Projects that reduce the cost of expenditures that reduce future operations. operating costs. 3. Projects that significantly improve safety and reduce risk exposure. Capital Budget Policies 5. The classification of items as capital or 1. Annually, the City will prepare a five- operating will be determined by two (2) year capital improvement program criteria - cost and frequency. (CIP) analyzing all anticipated capital Generally, a capital project has a expenditures and identifying associated "useful life" of more than one (1) year funding sources. Future capital and a value of $5,000 or more. expenditures necessitated by changes 6. The City will coordinate development of in population, changes in development, the capital improvement program with growth, redevelopment or changes in the development of the operating 1 -8 budget. Future operating costs associated with new capital improvements will be projected and included in the operating forecasts. 7. The first year of the five -year capital improvement program will be used as the basis for formal fiscal year appropriations during the annual budget process. 8. The City will maintain all of its assets at a level adequate to protect the City's capital investment and to minimize future maintenance and replacement costs. 9. The City will identify the estimated cost of capital projects and prepare a funding projection that considers revenues and operating costs to be included in the Capital Improvement Program document that is submitted to the City Commission for approval. 10. The City will determine the most appropriate financing method for all new projects. 11. If appropriate, the City will attempt to maintain a mixed policy of pay -as- you -go and borrowing against future revenues for financing capital projects. 12. The City will maintain ongoing maintenance schedules relating to road, sidewalk and drainage system improvements. 13. The City will address and prioritize infrastructure needs on the basis of protecting the health, safety and welfare of the community. 14.A CIP preparation calendar shall be established and adhered to. 15. Capital projects will conform to the City's Comprehensive Plan. 16. Long -term borrowing will not be used to fund current operations or normal maintenance. 17. The City will strive to maintain an unreserved General Fund balance at a level not less than 10% of the annual General Fund revenue. 1 -9 18. If new project appropriation needs are identified at an interim period during the fiscal year, the funding sources will be identified and mid -year budget amendments will be utilized to provide formal budgetary authority. In addition budget amendments may be utilized to increase appropriations for specific capital projects. Revenue Policies 1. The City will attempt to maintain a diversified and stable revenue system as a shelter from short-run fluctuations in any single revenue source. 2. The City will attempt to obtain new revenue sources as a way of ensuring a balanced budget. 3. The City will review fees /charges annually and will design or modify revenue systems to include provisions that automatically allow charges to grow at a rate that keeps pace with the cost of providing the service. Cash Management/Investment Policies In accordance with Section 218.415, F.S., on June 2, 2009 the City Commission adopted, by Resolution, Chapter 6.6 of the Administrative Policy Directives and Procedures Manual, entitled "Investment Objectives and Parameters" as the City's Investment Policy for the Management of Public Funds. The underlying objective of the policy is to properly manage and diversify the City's investments to ensure: 1. Safety of Capital 2. Liquidity of Funds 3. Investment Income The purpose of this policy is to set forth the investment objectives and parameters for the management of public funds of the City. These policies are designed to ensure the prudent management of public funds, the availability of operating and capital funds when needed and a competitive investment return. This investment policy applies to the investment of public funds in excess of amounts needed to meet current expenses, which includes cash and investment balances of City funds. At the recommendation of our Investment Manager and as part of our FY 2009/10 budget process (adoption by Ordinance) we added the following three (3) investment categories to our current investment policy. 1. Commercial Paper Commercial paper of any United States company that is rated "Prime -1" by Moody's and "A -1" by Standard & Poor's (prime commercial paper). If the commercial paper is backed by a letter of credit ( "LOC "), the long -term debt of the LOC provider must be rated "A" or better by at least two (2) nationally recognized rating agencies. Portfolio Composition A maximum of 25% of available funds may be directly invested in prime commercial paper. Limits on Individual Sectors A maximum of 10% of available funds may be invested with any one (1) sector. Limits on Individual Issuers A maximum of 2% of available funds may be invested with any one (1) issuer. Maturity Limitations The maximum length to maturity for prime commercial paper shall be 270 days from the date of purchase. 2. Corporate Notes Corporate notes issued by corporations organized and operating within the United States or by depository institutions licensed by the United States that have a long term debt rating, at the time of purchase, at a minimum "Aa" by Moody's and a minimum long term debt rating of "AK by Standard & Poor's. 1 -10 Portfolio Composition A maximum of 25% of available funds may be directly invested in corporate notes. Limits on Individual Sectors A maximum of 10% of available funds may be invested with any one (1) sector. Limits on Individual Issuers A maximum of 2% of available funds may be invested with any one (1) issuer. Maturity Limitations The maximum length to maturity for corporate notes shall be three (3) years from the date of purchase. 3. Taxable/Tax- Exempt Municipal Bonds State (Florida) and /or (Florida) local government taxable and /or tax - exempt debt, general obligation and /or revenue bonds, rated at least "Aa" by Moody's and "AK by Standard & Poor's for long -term debt, or rated at least "MIG -2" by Moody's and "SP- 2" by Standard & Poor's for short-term debt. Portfolio Composition A maximum of 25% of available funds may be invested in taxable and tax - exempt General Obligation bonds. A maximum of 10% of available funds may be invested in taxable and tax - exempt Revenue and Excise tax bonds of the various municipalities of the State of Florida, provided none of such securities have been in default within five (5) years prior to the date of purchase. Maturity Limitations A maximum length to maturity for an investment in any state or local government debt security is five (5) years from the date of purchase. Fund Balance Policies The City hereby establishes and will classify reservations of General Fund, Fund Balance, as defined herein, in accordance with Governmental Accounting and Financial Standards Board Statement No. 54 Fund Balance Reporting and Governmental Fund Type Definitions. This policy shall primarily apply to the City's General Fund. Fund Balance shall be composed of nonspendable, restricted, committed, assigned and unassigned amounts. Fund Balance information is primarily used to identify the available resources to repay long- term debt, fund capital improvements, stabilize property tax rates, or enhance the City's financial position, in accordance with policies established by the City Commission. Fund Balance Definitions and Classifications Fund Balance — refers to the difference between assets and liabilities reported in a governmental fund. Listed below are the various Fund Balance categories (in order from most to least restrictive). Fund Balance — Nonspendable Includes amounts that are not in a spendable form (e.g., inventory) or are required, either legally or contractually, to be maintained intact (e.g., principal of an endowment fund). Examples include: • Inventory • Prepaid Expenditures • Long -Term Portion of Receivables • Corpus of a Permanent Fund The City hereby establishes the following Nonspendable Fund Balance Reserves in the General Fund: a) Inventory Reserve The Inventory Fund Balance Reserve is established to indicate those amounts relating to inventories that are not in a spendable form. b) Prepaid Expenditures The Prepaid Expenditures Fund Balance Reserve is established to indicate those amounts relating to prepaid expenditures that are not in a spendable form. 1 -11 Fund Balance — Restricted Includes amounts that can be spent only for the specific purposes stipulated by external resource providers (e.g., creditors, grant providers, contributors or laws or regulations of other governmental entities), constitutionally, or through enabling legislation (that is, legislation that creates a new revenue source and restricts its use). Effectively, restrictions may be changed or lifted only with the consent of resource providers and when they are legally enforceable. Fund Balance — Committed Includes amounts that can be used only for the specific purposes as established by the adoption of this policy and the annual budget ordinance by the City Commission. Commitments can only be removed or changed by taking the same action that originally established the commitment (e.g., resolution and /or ordinance). Committed Fund Balance remains binding unless removed in the same manner in which it was established. The action to impose the limitation on resources needs to occur prior to the close of the fiscal year, although the exact amount may be determined subsequently. Contractual obligations should be incorporated to the extent that existing resources in the fund have been specifically committed for use in satisfying those contractual obligations. Encumbrances may be reported as committed. The City hereby establishes the following Committed Fund Balance Reserves in the General Fund: a) Capital Reserve The Capital Fund Balance Reserve is committed by the City Commission as set forth in the annual budget ordinance (and any amendments thereto) to be utilized in future years to fund various capital needs. b) Hurricane /Emergency Recovery Operating Reserve The Hurricane /Emergency Recovery Operating Fund Balance Reserve is to be maintained by the City Manager at a minimum level of $5,000,000 for the purposes of responding to and providing relief and recovery efforts to ensure the maintenance of services to the public during hurricane /emergency situations. Such emergencies include, but are not limited to hurricanes, tropical storms, flooding, terrorist activity and other natural or man -made disasters. Additional funds may be appropriated when necessary via a budget amendment ordinance. This Reserve may not necessarily be established in the annual budget. In the event these funds are utilized, they should be replenished in order to prepare for possible future events, The City will make every effort to replenish this reserve over a five -year period beginning with the completion of recovery from the event for which the reserve funds were used. Fund Balance —Assigned Includes amounts that the City intends to use for a specific purposes or projects as authorized by the City Manager. In governmental funds other than the General Fund, assigned fund balance represents the amount that is not restricted or committed. This indicates that resources in other governmental funds are, at a minimum, intended to be used for the purpose of that fund. An appropriation of existing fund balance to eliminate a projected budgetary deficit in the subsequent year's budget in an amount no greater than the projected excess of expected expenditures over expected revenues satisfies the criteria to be classified as an assignment of fund balance. Encumbrances resulting from issuing purchase orders as a result of normal purchasing activities approved by appropriate officials may be reported as assigned. Fund Balance — Unassigned Unassigned fund balance for the General Fund includes all amounts not contained in the 1 -12 other classifications. Unassigned amounts are the portion of fund balance which is not obligated or specifically designated and are generally available for any purpose. If another governmental fund has a fund balance deficit, then it will be reported as a negative amount in the unassigned classification in that fund. Positive unassigned amounts will be reported only in the General Fund. The Minimum Level of Unassigned Fund Balance of the General Fund, at the beginning of each fiscal year, shall not be less than 10% of the annual General Fund revenue. In any fiscal year where the City is unable to maintain this 10% minimum reservation of fund balance as required in this section, the City shall not budget any amounts of unassigned fund balance for the purpose of balancing the budget. In addition, the City Manager will make every effort to reestablish the minimum Unassigned Fund Balance in a 24 — 36 month period beginning with the year from which the reserve funds fell below the 10% threshold. Spending Order of Fund Balance The City uses restricted amounts to be spent first when both the restricted and unrestricted fund balance is available unless there are legal documents /contract that prohibit doing this, such as in grant agreements requiring dollar for dollar spending. Additionally, the City would first use committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the restricted fund balance classification could be used. Open encumbrances at the end of the fiscal year may only be classified as committed or assigned, depending on at what level of authorization originally established them. Annual Review and Determination of Fund Balance Reserve Amounts The City Manager shall issue a report on an annual basis to the City Commission outlining compliance with the fund balance policy Accounting, Auditing, and Financial Reporting Policies An independent audit will be performed annually. The City will produce annual financial reports in accordance with Generally Accepted Accounting Principles (GAAP) as outlined by the Governmental Accounting Standards Board (GASB). Financing Programs and Debt Administration The City currently has four (4) outstanding long -term debt issues. At September 30, 2010, the principal balance outstanding totaled $30,815,000. The non - refunded Portion of the Series 1999 Revenue Bonds issued from the Florida Municipal Loan Council, Inc, is secured solely by a covenant to budget and appropriate the required debt service payments each year. The loan is structured the same as a serial bond issue with principal payments due on April 1St and interest payments due on April 1St and October 1St of each year with the final maturity on April 1, 2029. Debt service requirements average approximately $485,000 per year over the 19 -year life of the bonds. The interest rate varies from 3.200% to 5.125% depending on the maturity date. The Series 2000 Revenue Bonds are bank qualified debt, secured solely by a covenant to budget and appropriate the required debt service payments each year. This loan is structured the same as a serial bond issue with principal payments due on October 1St and semi - annual interest payments due on April 1St and October 1St of each year with the final maturity on October 1, 2020. Debt service requirements average approximately $535,000 per year over the 20 -year life of the obligation. The interest rate is locked at 5.05 %. The Series 2002 Revenue Bonds were financed through the Florida Intergovernmental Finance Commission. The loan is secured solely by a covenant to budget and appropriate the required debt service 1 -13 payments each year. This loan is structured the same as a serial bond issue with principal payments due August 1St and interest payments due on February 1St and August 1st of each year with the final maturity on August 1, 2032. Debt service requirements average approximately $850,000 per year over the 30- year life of the obligation. The interest rate varies from 2.5% to 5.0% depending on the maturity date. Due to a very favorable interest rate environment, in September of 2010, the City issued a partial advance refunding of the original Series 1999 Revenue Bonds with a Bank Loan (described below) that resulted in a more than $1.1 M NPV savings over the life of the loan. The remaining portion of the original Series 1999 Revenue Bonds was refunded in February of 2011 and resulted in a nearly $530,000 NPV savings over the life of its loan. The Series 2010 Revenue Bonds are bank qualified debt, secured solely by a covenant to budget and appropriate the required debt service payments each year. This loan is structured the same as a serial bond issue with principal payments due on April 1St and semi - annual interest payments due on April 1St and October 1St of each year with the final maturity on April 1, 2029. Debt service requirements average approximately $775,000 per year over the 19 -year life of the obligation. The interest rate is locked at 3.42 %. Debt Policy and Administration The City has established an informal policy regarding the utilization and management of debt instruments. Debt is used for a variety of purposes. The principal use of debt by the City has been for making capital expenditures. This informal policy was formed to establish criterion and procedures for the issuance of debt financing by the City. This Debt Policy supports the commitment of the City Commission, management, staff and other decision makers to adhere to the sound financial management practices including full and timely repayment of all borrowings and achieving the lowest possible cost of capital. 1. General a) The City will analyze all funding alternatives in order to minimize the impact of debt structures on the taxpayers. b) The City may utilize debt to refinance current debt or for the acquisition, construction or remodeling of capital improvement projects that cannot be funded from current revenue sources or in such cases wherein it is more equitable to the user of the project to finance the project over its useful life. 2. Debt Structure The City may consider the use of credit enhancements (letters of credit, bond insurance, surety bonds, etc.) when such credit enhancements process cost effective. 3. Issuance of Obligations a) The City may retain an independent financial advisor for advice on debt structuring and marketing debt issuances. b) The City may also retain independent bond counsel and disclosure counsel for legal and procedural advice on all debt issuances. c) As necessary, the City may retain other service advisors, such as trustees, underwriters and pricing advisors. d) Any process utilized to select professional service providers in connection with the City's debt program shall be in conformance with City purchasing policies, procedures and requirements. 4. Maturity of the Debt Bonds will generally not have more than thirty (30) year duration. 1 -14 5. Payment of Debt In order to ensure the timely remittance of bond payments, such payments will be paid by recurring wire transfer on or before the bond's respective due date. Although the City Charter makes no reference to limitations in establishing debt, the City has limited its borrowing to prudent levels that are able to be satisfied with existing revenue and cash flow projections. The City utilizes debt financing on large expenditures for capital projects or purchases that may be depreciated over their useful lives. By using debt financing, the cost of the expenditure is amortized over its useful life allowing the expenditure to be matched against revenue streams from those receiving the benefits. When establishing debt, there are a number of factors that must be considered in the process. These factors include the long -term needs of the City and the amount of resources available to repay the debt. There are different ways for a City to achieve debt financing. The City may obtain a bank loan, issue special revenue bonds or ask the residents to approve a ballot item authorizing the issuance of general obligation bonds. The Commission considers the asset's useful life and current economic conditions, to determine the appropriate financing instrument. Cash Management Pooled Cash The City maintains a pooled cash account for all funds, enabling the City to invest large amounts of idle cash for short periods of time and to optimize earnings potential. Cash and cash equivalents represents the amount owned by each City fund. Interest earned on pooled cash and investments is allocated monthly based on cash balances of the respective funds. Investments are reported at their fair value based on quoted market prices as reported by recognized security exchanges. Investment Categories Cash, Cash Equivalents and Investments This investment category consists of cash and short -term investments with original maturities of three (3) months or less when purchased, includes cash on hand, demand deposits and investments with the Florida State Board of Administration ( "SBA ") a Local Government Surplus Funds Trust Fund Investment Pool ( "Pool "). Operating Account All deposits in the City's Operating Account, in excess of FDIC coverage are collateralized utilizing the State of Florida Pooled Fund Program as described in the Florida Security of Public Deposits Act Chapter 280.F.S. The City's operating funds are currently in a Full Analysis Business Checking Account which earns credit against our analysis charges. State Board of Administration ( "SBA ") The SBA investments are allocated among two external funds, Fund A (Florida Prime) and Fund B. Fund A is a 2a7 -like pool and the value of the City's position is the same as the value of the pool shares and is recorded at amortized cost. Fund B is accounted for as a fluctuating net asset value ( "NAV") pool. Investments under Management In May of 2009 the City contracted with an Investment Manager to manage a portion of the City's investment portfolio in accordance with our Investment Objectives and Parameters Policy. The City utilizes a 3rd- Party Custodian for all of the City's investments under the direction of our Investment Manager. Risk Management The City is insured with the Florida Municipal Insurance Trust for liability, property and workers compensation coverage. The liability limit under the policy is $5,000,000. 1 -15 City of Aventura, Florida Demographics and Miscellaneous Statistics Date of Incorporation Form of City Government Area Population per State Estimate Ethnic Distribution * *: White (Non- Hispanic) Hispanic Age Distribution ** Under 20 20 -34 35 -54 55 -64 65+ Average Household Size ** Average Household size Average Family size Housing Occupancy ** Total housing units 26,120 Owner occupied housing units 11,756 Renter occupied housing units 6,136 Seasonal, recreational and vacant housing units 8,228 November 7, 1995 Commission - Manager 3.2 Square Miles 35,762 57.9% African American 3.9% 35.8% Other 2.4% 17% 18% 26% 13% 26% 1.99 2.66 Full Time Employees 173 Public Tennis Center 2 Public Facilities Located within Corporate Limits: Public Recreation Centers 1 Public Parks 6 Open Space Recreation (acres) 30.5 * ** *Public Schools 0 Charter Schools 1 Public Libraries (Operated by Miami Police Stations 1 Dade County) 1 Arts & Cultural Center 1 Fire Stations (Operated by Miami Dade County) 2 * State of Florida, Bureau of Economic & Business Research. Population is as of April 1, 2011 ** U.S. Census Bureau, Profile of General Demographic Characteristics: 2010 for Aventura, Florida * * ** City of Aventura comprehensive plan 1 -16 2011/12 BUDGET PREPARATION CALENDAR DATE RESPONSIBILITY ACTION REQUIRED April 5 City Manager Staff meeting is held to review budget All Department Directors philosophy and develop overall goals, objectives and performance indicators. April 20 City Manager Electronic spreadsheets are delivered to Department Directors with updated budget preparation directives. April 21 All Department Directors Completed budget estimates are submitted to to City Manager City Manager. Revenue estimates are May 11 Finance Department prepared. May 16 Finance Department Completion of non General Fund budgets to to City Manager include totals of all revenues and June 1 expenditures submitted to City Manager. June 1 City Manager Conducts departmental budget review to meetings, balances budget and prints June 30 budget document. July 10 City Manager City Manager's recommended budget document and message are submitted to City Commission. July 21 City Commission Budget Review Meeting, adopt tentative ad City Manager valorem rate to transmit to County for notification purposes. September 13 City Commission September 21 City Commission September 22 City Clerk October 1 All Departments 1 -17 First reading on budget and ad valorem tax rate ordinances. Second reading on budget, ad valorem tax rate ordinance, and Public Hearing. Tax rate ordinance delivered to Property Appraiser. New budget becomes effective. City of Aventura, Florida Assessed Value and Estimated Actual Assessed Value of Taxable Property Last Ten Fiscal Years Fiscal Year Tax Less: Ended Roll Real Personal Tax Exempt September 30, Year Property Property Real Property Total Taxable Assessed Value 2002 2001 $ 3,752,226,238 $ 162,055,639 VA $3,914,281,877 2003 2002 4,007,501,399 160,384,595 VA 4,167,885,994 2004 2003 4,569,228,195 161,725,854 VA 4,730,954,049 2005 2004 5,378,718,735 178,342,801 VA 5,557,061,536 2006 2005 6,780,880,599 187,347,215 (351,806,315) 6,616,421,499 2007 2006 8,331,742,670 201,721,611 (372,540,477) 8,160,923,804 2008 2007 9,774,193,983 227,245,274 (391,557,538) 9,609,881,719 2009 2008 9,860,466,135 209,118,365 (629,776,968) 9,439,807,532 2010 2009 8,433,846,719 221,526,640 (591,538,406) 8,063,834,953 2011 2010 7,607,087,842 216,861,227 (579,342,462) 7,244,606,607 Note: (1) Florida Law requires that all property be assessed at current fair market value. 1 -18 Tax Rate Comparison The City of Aventura has the lowest tax rate in Miami -Dade County. The following table compares the 2010/11 fiscal year adopted tax rates of the cities located in Miami -Dade County: Total Operating Debt city Mills a Mills a Milla e Aventura 1.7261 1.7261 0.0000 Indian Creek 1.8038 1.8038 0.0000 Pinecrest 2.1040 2.1040 0.0000 Uninc. County 2.2980 2.2980 0.0000 Miami Lakes 2.3702 2.3702 0.0000 Palmetto Bay 2.4470 2.4470 0.0000 Doral 2.4470 2.4470 0.0000 Bal Harbour 2.5567 2.5567 0.0000 Cutler Bay 2.5888 2.5888 0.0000 Sunny Isles Beach 2.8860 2.8860 0.0000 Key Biscayne 3.2000 3.2000 0.0000 Sweetwater 4.6618 4.6618 0.0000 South Miami 4.9526 4.9526 0.0000 North Bay Village 5.2780 4.7772 0.5008 Bay Harbor Islands 5.2971 5.2971 0.0000 Hialeah Gardens 5.4600 5.4600 0.0000 Surfside 5.6030 5.6030 0.0000 Medley 5.6500 5.6500 0.0000 Miami Gardens 5.7141 5.7141 0.0000 Virginia Gardens 5.7485 5.7485 0.0000 Coral Gables 6.0720 6.0720 0.0000 Homestead 6.2917 6.2917 0.0000 Miami Beach 6.5025 6.2155 0.2870 Hialeah 6.5400 6.5400 0.0000 West Miami 6.8858 6.8858 0.0000 Miami Springs 6.9408 6.4710 0.4698 Florida City 7.7500 7.7500 0.0000 North Miami Beach 7.8096 6.6036 1.2060 El Portal 7.9000 7.9000 0.0000 North Miami 8.4192 8.1955 0.2237 Golden Beach 8.5000 7.0140 1.4860 Miami 8.6441 7.6740 0.9701 Miami Shores 8.7762 8.0000 0.7762 Opa -locks 8.8000 8.80001 0.0000 Biscayne Park 8.9933 8.99331 0.0000 1 -19 Where Your Tax Dollars Go Based on 2010/11 Tax Rates Florida Inland Navigation City of Aventura, Di�tr" -t n 470/ 8.68% south A Mana Distri< Evergaldes, 0.45% Components of Property Tax bill for 2010/11 Miami -Dade County Miami -Dade County School Board Evergaldes South Florida Water Management District Florida Inland Navigation District City of Aventura Total Millage Rate 1 -20 2010/11 Adopted Millages 9.2518 8.2490 0.0894 0.5346 0.0345 1.7261 19.8854 Comparison of Number of Employees 200 180 160 140 120 t s t t 100 80 60 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10 /11 11/12 -z+,--Citywide Police 02/03 03104 04/05 05 /06 06/07 07/08 08/09 09110 10/11 11/12 City Commission 7 7 7 7 7 7 7 7 7 7 Office of the City Manager 5 5 5 5 5 5 5 5 4.6 4.6 Legal 0 0 0 0 0 0 0 0 0 0 City Clerk's Office 2 2 2 2 2 2 2 2 2 2 Finance 10 12 11 12 8 8 7 7 7 7 Information Technology 0 0 0 0 5 5 5 6 6 6 Public Safety 108 108 110 115 120 119 119 121 120 120 Community Development 12 11 11 10 10 10 9 9 8.4 8.4 Arts & Cultural Center 0 0 0 0 0 0 0 0 0 0 Community Services 16 16 16 17 24 31 28 28 28 27 Charter School* 0 0 2 2 3 3 3 3 3 3 Total 160 163 164 170 184 190 185 188 186 185 * Included in Charter School Fund Budget Document 1 -21 w SUMMARY OF ALL FUNDS 2 -1 CITY OF "ENTURA OPERATING 8, CAPITAL OUTLAY REVENUE PROJECTIONS 001 General Fund $ 50,311,985 $ 52,263,206 $ 46,940,137 $ 34,062,472 $ 46,667,048 110 Police Education Fund 8,106 21,367 18,310 14,526 11,000 120 Transportation Fund 1,558,944 1,534,594 1,482,968 498,171 1,642,150 140 Police Capital Outlay Impact Fee Fund 15,714 16,557 16,557 16,565 16,557 170 Park Development Fund 5,302 493,167 2,246 2,247 2,246 180 911 Fund 258,795 296,919 278,004 143,642 211,650 230 -290 Debt Service Funds 2,706,563 13,779,245 8,287,813 6,609,012 2,567,910 391 Capital Projects Fund 4,609,690 4,684,418 - - - 410 Stormwater Utility Fund 911,463 1,021,490 841,458 365,189 841,458 620 Police Off Duty Services Fund 268,640 228,387 240,000 118,216 240,000 9001 Subtotal 60,655,202 74,339,350 58,107,493 41,830 _52,2 A19, interfund Eliminations (4,680,587) (4,079,669) (2,425,534) (924,965) (2,303,229) Total Revenue $ 55,974,816 $ 70,259,681 $ 55,681,959 $ 40,90074, �49,896,790. 8001 City Commission EXPENDITURES DEPT' 8005 Office of the City Manager 2,452 APPROVED HALF YEAR CITY MANAGER DIV. 8006 ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. DEPARTMENT 2008/09 2009110 2010/11 2010/11 2011112 Operating Expenditures: 0101 City Commission $ 111,249 $ 112,385 $ 119,927 $ 59,039 $ 119,938 0501 Office of the City Manager 858,771 860,156 868,416 396,619 888,673 0601 Legal 308,658 249,159 280,000 99,321 280,000 0801 City Clerk's Office 269,248 248,636 286,068 106,317 270,082 1001 Finance 775,748 823,517 849,590 406,331 875,064 1201 Information Technology 743,547 828,852 915,901 415,639 969,176 2001 Public Safety 13,593,119 14,630,148 15,270,691 7,645,215 16,276,119 4001 Community Development 1,946,000 2,267,859 1,477,308 1,011,571 1,506,872 5001 Community Services 5,948,167 6,044,565 6,094,912 2,345,018 5,344,104 7001 Arts 8, Cultural Center 154,479 388,987 684,875 283,027 673,253 9001 Non - Departmental 1,572,516 1,238,296 1,635,000 553,963 1,604,000 X11 Capital Outlay: 8001 City Commission 8005 Office of the City Manager 2,452 1,896 2,000 4,000 8006 Legal - - - - 8008 City Clerk's Office 1,589 872 - - 8010 Finance 3,079 1,918 6,000 - 2,000 8012 Information Technology 35,926 195,825 334,000 7,690 111,000 8020 Public Safety 733,920 830,954 1,211,912 456,985 1,384,500 8040 Community Development 2,693 16,880 47,000 - 3,500 8050 Community Services 693,817 1,894,059 1,752,864 1,008,748 1,428,700 8069 Charter School - - - - - 8070 Arts & Cultural Center 2,932,852 5,261,790 235,965 71,167 - 8090 Non - Departmental 38,280 - - - 175,000 8090 CIP Reserve - 12,436 15,321,717 21,569 15,412,899 ;ti r P .. Non - Departmental: 9001 Transfer to Funds - - - 9001 Debt Service 2,706,178 13,615,306 8,287,813 6,802,621 2,567,910 2 -2 CITY OF AVENTURA 2011/12 OPERATING & CAPITAL OUTLAY DEPTJ DIV. ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY 2008109 2009110 2010111 2010/11 2011/12 1000/2999 Personal Services $ 16,588,386 $ 17,646,799 $ 18,337,235 $ 8,902,241 $ 18,967,221 3000 /3999 Contractual Services 4,977,649 5,567,246 5,096,375 2,379,953 4,850,253 4000 /4999 Other Charges /Svcs 3,772,375 3,481,420 4,128,908 1,634,295 4,078,705 5000 /5399 Commodities 508,195 587,662 652,600 334,507 687,642 5400/5999 Other Operating Expenses 434,897 409,433 267,570 71,064 223,460 Public Safety Subtotal 26,281,502 r c-:P,09 108W 13,322,0 28 Al 6000 /6999 Capital Outlay 4,444,608 8,216,630 18,911,458 1,566,159 18,521,599 7000/7999 Debt Service 2,706,178 13,615,306 8,287,813 6,802,621 2,567,910 8000/8999 Transfer to Funds - - - - totatOtpo ffi '';IIF'i ;' $ 33,432,288 S 4A:624r4 S Si ,681,85 21 w 1A" -' 49,11 8,790 COMPARATIVE PERSONNEL SUMMARY 2 -3 2008/09 2009/10 2010/11 2011/12 City Commission 7.0 7.0 7.0 7.0 Office of the City Manager 5.0 5.0 4.6 4.6 Legal - - - - City Clerk's Office 2.0 2.0 2.0 2.0 Finance 7.0 7.0 7.0 7.0 Information Technology 5.0 6.0 6.0 6.0 Public Safety 119.0 121.0 120.0 120.0 Community Development 9.0 9.0 8.4 8.4 Charter School* 3.0 3.0 3.0 3.0 Community Services 16.0 16.0 16.0 15.0 Arts & Cultural Center - - 173.0 176.0 174.0 173.0 es 12.0 12.0 12.0 12.0 * Included in Charter School Fund Budget Document 2 -3 CITY OF AVENTURA FUND BALANCE ANALYSIS GENERAL FUND (001) Beginning Balance /Carryover $ - $ 123,216 $ 55,004 $ 55,004 $ - Beginning Balance /Carryover $ 15,710,661 $ 18,220,034 $ 16,924,856 $ 16,924,856 $ 15,697,608 Revenues /Sources ,85 793 ''s 6004 34,601,324 (� 34,043,172 30,015,281 17,137,616 30,969,440 Expenditures /Uses (29,778,584) (31,971,180) (31,746,649) (14,639,285) (31,473,560) Ending Fund Balance $ 20,533,401 $ 20,292,026 $ 15,193 i' 8 SPECIAL REVENUE FUNDS: POLICE EDUCATION FUND (110) Beginning Balance /Carryover $ - $ 13,733 $ 11,310 $ 11,310 $ 4,000 Revenues /Sources 8,106 7,634 7,000 3,216 7,000 Expenditures /Uses (5,061) (10,057) (18,310) (7,085) (11,000) endbV Find Want* $ 3.04b '' 11,310 $ - $ 7,441 $ STREET MAINTENANCE FUND (120) Beginning Balance /Carryover $ - $ 63,606 $ 2,968 $ 2,968 $ 130,000 Revenues /Sources 1,558,944 1,470,988 1,480,000 495,203 1,512,150 Expenditures /Uses (1,337,127) (1,531,626) (1,482,968) (504,707) (1,642,150) Ending Fund Balance $ 221,817 $ 2,960 $ - POLICE CAPITAL OUTLAY IMPACT FEE FUND (140) Beginning Balance /Carryover $ - $ 16,337 $ 16,557 $ 16,557 $ 16,557 Revenues /Sources 15,714 220 - 8 - Expenditures /Uses (8,091) - (16,557) - (16,557) no Funo Balance, PARK DEVELOPMENT FUND (170) Beginning Balance /Carryover $ $ 490,930 $ 2,246 $ 2,246 $ 2,246 Revenues /Sources 5,302 2,237 - 1 - Expenditures /Uses (281,928) (490,921) (2,246) - (2,246) 911 FUND (180) Beginning Balance /Carryover $ - $ 123,216 $ 55,004 $ 55,004 $ - Revenues /Sources 258,795 173,703 223,000 88,638 211,650 Expenditures /Uses (193,002) (241,915) (278,004) (146,245) (211,650) BXWV Fund Balance ,85 793 ''s 6004 $ (� DEBT SERVICE FUNDS (230 -290) Beginning Balance /Carryover $ $ 20,793 $ 15,535 $ 15,535 $ - Revenues /Sources 2,706,563 13,758,452 8,272,278 6,593,477 2,567,910 Expenditures /Uses (2,706,178) (13,615,306) (8,287,813) (6,802,621) (2,567,910) �- ,, �!i � "`ter •, i � � CAPITAL PROJECT FUNDS (320 -391) Beginning Balance /Carryover $ - $ 1,676,838 $ $ $ Revenues /Sources 4,609,690 3,007,580 Expenditures /Uses (2,932,852) (4,684,418) STORMWATER UTILITY FUND (410) Beginning Balance /Carryover $ - $ - $ - $ - $ - Revenues /Sources 911,463 1,021,490 841,458 365,189 841,458 Expenditures /Uses (651,175) (843,251) (841,458) (386,743) (841,458) POLICE OFF DUTY SERVICES FUND (620) Beginning Balance /Carryover $ - $ - $ - $ - $ - Revenues /Sources 268,640 228,387 240,000 118,216 240,000 Expenditures/Uses (218,877) (203,055) (240,000) (107,550) (240,000) 2 -4 ...'0 GENERAL FUND 2 -5 CITY OF AVENTURA GENERAL FUND- 001 SUMMARY OF BUDGET 2011/12 OPERATING & CAPITAL OUTLAY FUND DESCRIPTION The General Fund is used to account for resources and expenditures that are available for the City's general operations. REVENUE PROJECTIONS t1 rr Current Revenues $ 34,477,324 $ 33,918,172 $ 29,851,281 $ 17,055,616 $ 30,887,190 Transfers 124,000 125,000 164,000 82,000 82,250 Carryover 15,710,661 18,220,034 16,924,856 16,924,856 15,697,608 TOWRaysnues S 60.311,985 42,263;M-,, $ 46,940,137 $ ' 34,062,472 46,WA48 EXPENDITURES tlEPTJ W, A, CITYMANAGER tw 3i fUAM. f t RAL ` NC?. WA w �Ad 2 � x'42 Operating Expenditures: 0101 City Commission $ 111,249 $ 112,385 $ 119,927 $ 59,039 $ 119,938 0501 Office of the City Manager 858,771 860,156 868,416 396,619 888,673 0601 Legal 308,658 249,159 280,000 99,321 280,000 0801 City Clerk's Office 269,248 248,636 286,068 106,317 270,082 1001 Finance 775,748 823,517 849,590 406,331 875,064 1201 Information Technology 743,547 828,852 915,901 415,639 969,176 2001 Public Safety 13,270,179 14,300,121 14,898,377 7,466,335 15,895,719 4001 Community Development 1,946,000 2,267,859 1,477,308 1,011,571 1,506,872 5001 Community Services 4,214,158 4,138,842 4,584,912 1,612,774 4,069,104 7001 Arts & Cultural Center 154,479 388,987 684,875 283,027 673,253 9001 Non - Departmental 1,572,516 1,238,296 1,635,000 553,963 1,604,000 SNu�I►#r�tt +�1�1� ;' ,pF � � � t � �' �°� :�� 37,16181 Capital Outlay 8005 Office of the City Manager 2,452 1,896 2,000 4,000 8006 Legal - - - - 8008 City Clerk's Office 1,589 872 - - 8010 Finance 3,079 1,918 6,000 - 2,000 8012 Information Technology 35,926 195,825 334,000 7,690 111,000 8020 Public Safety 725,829 830,954 1,211,912 456,985 1,384,500 8040 Community Development 2,693 16,880 47,000 - 3,500 8050 Community Services 407,596 1,232,184 1,047,864 849,542 420,700 8070 Arts & Cultural Center - 577,372 235,965 71,167 - 8090 Non - Departmental 38,280 - - - 175,000 8090 CIP Reserve - 12,436 15,193,488 21,569 15,193,488 Transfer to Funds 4,336,587 3,656,469 2,261,534 842,965 2,220,979 2 -6 CITY OF AVENTURA CATEGORY SUMMARY 2011/12 REVENUE PROJECTIONS 310000/319999 Locally Levied Taxes $ 23,674,227 $ 21,660,616 $ 20,143,154 $ 13,345,928 $ 20,423,826 320000/329999 Licenses & Permits 4,769,085 5,037,907 4,385,000 786,548 4,825,000 330000/339999 Intergovernmental Revenues 2,398,865 2,300,315 2,175,677 1,043,605 2,170,219 340000/349999 Charges for Services 1,457,659 1,681,015 1,780,450 787,688 1,820,200 350000/359999 Fines & Forfeitures 1,893,654 2,889,747 947,000 1,016,716 1,457,000 3600001369999 Miscellaneous Revenues 283,834 348,572 420,000 75,131 191,000 380000/389999 Transfer from Funds 124,000 125,000 164,000 82,000 82,250 399900/399999 Fund Balance 15,710,661 18,220,034 16,924,856 16,924,856 15,697,608 TA*al Available General Fund $ 50,311,965 $ 52,263,206 $ 46,940,137 $ 34,062,472 $ 46,667,103 EXPENDITURES APPROVED HALFYEAR CITYMANAGER OBJECT ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL CODE CATEGORY 2008109 2009M0 2010/11 2010111 2011112 1000/2999 Personal Services 16,369,509 17,443,744 18,097,235 8,794,691 18,727,221 3000 13999 Contractual Services 3,500,243 3,933,521 3,586,375 1,647,709 3,575,253 4000/4999 Other Charges & Services 3,675,812 3,367,315 4,023,904 1,572,577 3,958,705 5000/5399 Commodities 508,195 587,632 648,600 334,407 683,642 5400 /5499 Other Operating Expenses 170,794 124,598 244,260 61,552 207,060 Total operating ex 6000/6999 Capital Outlay 1,217,444 2,870,337 18,078,229 1,406,953 17,294,188 8000/8999 Transfer to Funds 4,336,587 3,656,469 2,261,534 842,965 2,220,979 29,778,584 $ 31,983,616 $ 46,940,E 2 -7 CITY OF AVENTURA GENML FUND -'001 FUND BALANCE ANALYSIS 2011/12 REVENUE PROJECTIONS APPROVED HALFYEAR CITY MANAGER ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL CATEGORY 2008109 2009110 2010/11 2010M 1 2011/12 Beainnina Fund Balance $ 15,710,661 $ 18,220,034 $ 16,924,856 $ 16,924,856 $ 15,697,608 Revenues /Sources: 4,769,085 5,037,907 4,385,000 786,548 4,825,000 Locally Levied Taxes 2,398,865 2,300,315 2,175,677 1,043,605 2,170,219 Property Taxes $ 15,189,005 $ 13,253,848 $ 11,940,154 $ 10,145,506 $ 12,005,146 Section 185 Premium Tax 265,314 284,381 284,000 - 284,000 Utility Taxes 4,590,306 4,768,491 4,551,000 1,947,471 4,809,680 Unified Comm. Tax 2,861,566 2,679,607 2,600,000 1,120,810 2,600,000 City Business Tax 768,036 674,289 768,000 132,141 725,000 $ubit" 23,1174,227 21 60,616 20,143,154 13,345,928 20,423,826 Licenses & Permits 4,769,085 5,037,907 4,385,000 786,548 4,825,000 Intergovernmental Rev. 2,398,865 2,300,315 2,175,677 1,043,605 2,170,219 Charges for Services 1,457,659 1,681,015 1,780,450 787,688 1,820,200 Fines & Forfeitures 1,893,654 2,889,747 947,000 1,016,716 1,457,000 Miscellaneous 283,834 348,572 420,000 75,131 191,000 Interfund Transfers In 124,000 125,000 164,000 82,000 82,250 Subtotal 775,748 823,517 849,590 406,331 875,064 1201 Information Technology 743,547 828,852 915,901 Total Revenues/Sources $ 34,6, I Operating Expenditures 0101 City Commission $ 111,249 $ 112,385 $ 119,927 $ 59,039 $ 119,938 0501 Office of the City Manager 858,771 860,156 868,416 396,619 888,673 0601 Legal 308,658 249,159 280,000 99,321 280,000 0801 City Clerk's Office 269,248 248,636 286,068 106,317 270,082 1001 Finance 775,748 823,517 849,590 406,331 875,064 1201 Information Technology 743,547 828,852 915,901 415,639 969,176 2001 Public Safety 13,270,179 14,300,121 14,898,377 7,466,335 15,895,719 4001 Community Development 1,946,000 2,267,859 1,477,308 1,011,571 1,506,872 5001 Community Services 4,214,158 4,138,842 4,584,912 1,612,774 4,069,104 7001 Arts & Cultural Center 154,479 388,987 684,875 283,027 673,253 9001 Non - Departmental 1,572,516 1,238,296 1,635,000 553,963 1,604,000 TCrrt"iEe64,224,11' 26,600,374 12,410,936 27,151,881 Capital Outlay Expenditures 1,217,444 2,870,337 2,884,741 1,406,953 2,100,700 Interfund Transfers Out 4,336,587 3,656,469 2,261,534 842,965 2,220,979 Tcltstl Ail 904, 3iAW1115, 1 :11x473,560 Ending Fund Balance Designated for t:apitai kTt�rr�eMsc 20Ai3 AM 20,279,580 15,193,A88 19,401,618 15,193,543; I F 'I REVENUE PROJECTIONS 2 -9 CITY OF "ENTURA REVENUE PROJECTIONS 2011/12 CATEGORY RECAP 2008109 2009/10 2010/11 014K Locally Levied Taxes 3111000 Ad Valorem Taxes- Current $ 15,062,722 $ 12,585,864 $ 11,879,670 $ 10,006,293 $ 11,955,146 3112000 Ad Valorem Taxes - Delinquent 126,283 667,984 60,484 139,213 50,000 3125200 Section 185 Premium Tax 265,314 284,381 284,000 - 284,000 3141000 Utility Tax-Electric 3,706,940 3,885,934 3,700,000 1,552,144 3,908,625 3143000 Utility Tax-Water 831,390 843,039 800,000 351,706 850,000 3144000 Utility Tax-Gas 51,976 39,518 51,000 43,621 51,000 3149000 Unified Communications Tax 2,861,566 2,679,607 2,600,000 1,120,810 2,600,000 3161000 City Business Tax 768,036 674,289 768,000 132,141 725,000 3344901 S l 23AT447 21,68 # ';., :.' k"I f 4440018 ,423,771 3351200 Licenses & Permits 347,225 346,523 350,000 166,426 350,000 3221000 Building Permits 997,205 1,303,630 700,000 599,167 1,300,000 3221500 Radon /Code CompAdmn. Fee 52 353 - 1,370 - 3222000 Certificate of Occupancy 118,636 33,804 15,000 12,483 10,000 3231000 Franchise Fee- Electric 3,130,232 3,196,576 3,150,000 - 2,991,000 3234000 Franchise Fee -Gas 67,928 42,675 65,000 - 65,000 3237100 Franchise Fee- Sanitation 415,924 417,541 420,000 149,157 420,000 3238000 Franchise Fee- Towing 30,093 30,093 30,000 15,046 30,000 3291000 Engineering Permits 9,015 13,235 5,000 9,325 9,000 Subtotal 4,769,085 67 x. -< 4„ ,,� 7 oa000 014K Intergovernmental Revenues 3312000 ARRA Funds - 140,241 5,200 - 5,200 3312100 Bulletproof Vests 8,334 4,936 250 3,579 - 3312251 Aggressive Driving Program 120,145 - 25,000 - 35,000 3312276 American Recovery Reinvestmer - - 760,000 64,363 - 3312550 Byrne Grant 148 5,910 25,000 529 7,542 3312910 FEMA 73,996 141 60,000 - - 3342009 Justice Assistance Grant 5,653 - 125,000 91,899 125,000 3342090 Misc. State Grants 30,270 15,010 - - - 3344901 Maintenance Agreement Paymer 8,677 8,677 8,677 2,169 8,677 3351200 State Revenue Sharing 347,225 346,523 350,000 166,426 350,000 3351500 Alcoholic Beverage License 16,745 19,551 15,000 1,640 20,000 3351800 Half Cent Sales Tax 1,731,828 1,701,703 1,750,000 788,585 1,725,000 3354930 Fuel Tax Refund 11,208 15,013 8,000 3,559 15,000 3382000 County Business Tax 44,636 42,610 44,000 12,755 44,000 2. FA 0,00 2x170, 9 k, 014K Charges For Services 3413000 Certificate of Use Fees 5,145 4,375 5,200 2,345 5,200 3419000 Election Fling Fees - - 250 - - 3419500 Lien Search Fees 47,708 75,362 25,000 42,250 35,000 3421300 Police Services Agreement 508,521 662,796 760,000 316,667 760,000 3425000 Development Review Fees 73,270 77,726 25,000 35,193 35,000 3471000 Rec /Cultural Events 55,189 35,619 60,000 10,168 35,000 3472000 Parks & Recreation Fees 124,206 136,431 125,000 91,899 125,000 3472500 Community Center Fees 181,844 218,445 175,000 157,884 200,000 3474000 Founders Day 34,200 24,783 35,000 23,354 30,000 3475000 Summer Recreation 427,576 445,478 420,000 28,589 445,000 3476001 AACC Fees and Rentals - - 150,000 79,339 150,000 014K 3511000 3541000 3542000 Fines & Forfeitures County Court Fines Code Violation Fines Intersection Safety Camera Progi 401,368 16,312 1,475,974 400,442 21,544 2,467,761 390,000 7,000 550,000 168,144 6,900 841,672 400,000 7,000 1,050,000 Misc. Revenues 3611000 Interest Earnings 234,623 259,277 350,000 20,146 150,000 3644200 Sale of Assets 27,096 16,162 5,000 25,738 5,000 3644910 Lost/Abandoned Property 529 - - - - 3662000 AACC Contributions - 1,000 - - - 3662010 Brick Pavers 6,550 25,000 1,800 3,000 3662020 Honor Roll 32,500 15,000 3,000 3,000 3691000 Cobra Billings - - - - - 3699000 Misc. Revenues 21,586 33,083 25,000 24,447 30,000 Subtotal 283,834 ,572 420,000 75,131 191,000 Non - Revenue 3811018 Transfer from 911 Fund 94,000 125,000 164,000 82,000 82,250 3811019 Transfer from Charter School Op 30,000 - - - - 3999000 Carryover 15,710,661 18,220,034 16,924,856 16,924,856 15,697,608 Subtotal 15,834,661 185W34 17,088,856 17,008 " 1„ Total Available General Furn $ 50,311,985 $ 52,263,206 $ 46,940,137 $ 34,062,472 $ 46,667,048 2 -11 REVENUE PROJECTION RATIONALE LOCALLY LEVIED TAXES 3111000 Ad Valorem Taxes Current — Ad Valorem or property taxes are authorized by Chapter 166, Florida Statutes. The Florida Constitution limits local governments to a maximum of 10 mills of Ad Valorem taxation. The amount of revenue is based on the tax rate multiplied by the assessed value of the City which is provided by the County Property Appraiser. The amount is then budgeted at 95% of its gross value to allow for prompt payment discounts and other adjustments in accordance with Florida Statutes. The City's assessed value as reported by the Property Appraiser is $7,290,634,319. This amount is 0.6% or $46,027,712 higher than last year. The ad valorem millage levy for fiscal year 2011/12 is recommended to be 1.7261, which is the same rate adopted last year. This will generate $11,955,146 compared to last year's amount of $11,879,670. This represents the seventeenth year without an increase. City Tax Rate History: 1995/96 to 2006/07 — 2.2270 2007/08 to present — 1.7261 3112000 Ad Valorem Taxes Delinquent — This revenue source is derived by those taxpayers who do not pay their taxes by March 31 of any given year. On average the total revenue received in this category is minimal when compared to the total Ad Valorem taxes collected. 2 -12 3141000 Utility Tax - Electric — Section 166.231(1)(A), Florida Statutes, authorizes a city to collect Public Service or Utility Taxes. Miami -Dade County previously established by Ordinance utility taxes for unincorporated areas in the amount of 10% on electricity. The City enacted Ordinance 96 -03 which mirrored the County's utility tax levies. The projection is based on historical actual collections for the past two years. r, Utility Tax - Electric,'' q 47 ;IMAM ;. �'._._ ........... ply 3143000 Utility Tax -Water — Section 166.231(1) (A), Florida Statutes, authorizes a City to collect Public Service or Utility Taxes. Miami -Dade County previously established by Ordinance utility taxes for unincorporated areas in the amount of 10% on water. The City enacted Ordinance 96 -03 which mirrored the County's utility tax levies. The projection is based on historical collections for the past two years. 3144000 Utility Tax -Gas — Section 166.231(1) (A), Florida Statutes, authorizes a City to collect Public Service or Utility Taxes. Miami -Dade County previously established by Ordinance utility taxes for unincorporated areas in the amount of 10% on gas and oil. The City enacted Ordinance 96 -03 which mirrored the County's utility tax levies. The projection is based on actual collections for the past two fiscal years. Utility Tax - Gas a � A�3 £i f 1 Risiidl II it G��+ a Sa AV ytii,tYHY !'f S9A,i3�? ice n o' 2 -13 3149000 Unified Communications Tax — Effective October 1, 2001, the Unified Communications Tax replaced municipal utility taxes and franchise fees on all telecommunication, cable and other communication services. The projection is based on actual collections for the past fiscal year. s.+rwrwc `, r 3161000 City Business Tax — Pursuant to Chapter 205, Florida Statutes, the City has adopted an ordinance imposing a business tax for the privilege of engaging in or managing any business, profession or occupation within the City. The amount budgeted is based on anticipated collections in the 2010/11 fiscal year. City Business Tarr A -1 tf.* u 1 1t5' LICENSES AND PERMITS 3221000 Building Permits — Permits must be issued to any individual or business that performs construction work within the corporate limits of the City. These permits are issued for construction, such as plumbing, electrical, structural, mechanical, etc. The fees are set by City Ordinance. The projection includes in increase based on actual collection in the 2010/11 fiscal year and anticipated increase in building activity. 1P 1QYR1 11 1tg` 11� id~� 4 .wY�11 3 2 -14 3231000 Franchise Fee - Electric — A city may charge electric companies for the use of its rights -of -way per Florida Statutes 166.021 and 337.401. Miami -Dade County currently has an agreement with FPL covering the area now incorporated as Aventura, as well as the current unincorporated areas of the County. The County Commission, via an interlocal agreement, has agreed to share these revenues with Aventura. The amount projected is based on anticipated reductions compared to the actual amount collected for 2009/10. 32134000 Franchise Fee -Gas — A city may charge gas companies for the use of its rights -of -way per Florida Statutes 166.021 and 337.401. It is standard practice to enact a 6% fee on gross revenues. The amount projected is based on historical collections. Franchise Fee -Gas 3237100 Franchise Fee - Sanitation — The City sector for all areas of the City. In addition companies to utilize the City's rights -of -way. collections. issues solid waste franchises to the private a fee of 10% was adopted for the private The amount projected is based on historical 3238000 Franchise Fee - Towing — The City awarded a franchise agreement for towing services within our corporate limits during the 2007/08 fiscal year. The amount is based on that agreement. 2 -15 Franchise Fee - Electric $4,o4o,000 $�s4o,o40 . $3,000,000 1 $1,000.000 x I bgs t }�- Mx 43 1 Ile ,r ,� 32134000 Franchise Fee -Gas — A city may charge gas companies for the use of its rights -of -way per Florida Statutes 166.021 and 337.401. It is standard practice to enact a 6% fee on gross revenues. The amount projected is based on historical collections. Franchise Fee -Gas 3237100 Franchise Fee - Sanitation — The City sector for all areas of the City. In addition companies to utilize the City's rights -of -way. collections. issues solid waste franchises to the private a fee of 10% was adopted for the private The amount projected is based on historical 3238000 Franchise Fee - Towing — The City awarded a franchise agreement for towing services within our corporate limits during the 2007/08 fiscal year. The amount is based on that agreement. 2 -15 3291000 Engineering Permits — This fee is representative of the costs associated with regulatory review of the installation of utilities, paving, drainage and right -of -way renovation /excavation by the City staff. The amount budgeted is based on actual collections in the 2010/11 fiscal year and expectations for next year. INTERGOVERNMENTAL REVENUES 3344901 Maintenance Agreement Payment — Funds provided by FDOT to maintain Medians and Rights of Way along Biscayne Boulevard. 3351200 State Revenue Sharing — Revenues received in this category represent base cigarette tax and 8t cent motor fuel tax which are levied by the State. The portion which comes from cigarette tax of approximately 71% of the total is deposited to the General Fund. The remainder is deposited to the Transportation and Street Maintenance Fund. The amount budgeted is based on actual collections in the current fiscal year. State Revenue Sharing 3351500 Alcoholic Beverage License — Various alcoholic beverage license taxes are levied on manufacturers, distributors, vendors and sales agents of alcoholic beverages in the State. The tax is collected by the State and distributed back to the City. The City's share is approximately 38% of the proceeds of the tax collected within the City. 3351800 Half Cent Sales Tax — This revenue source represents one half of the revenue generated by the additional 1% sales tax which is distributed to counties and cities based on a per capita formula. The amount budgeted is based on actual collections for the current fiscal year which includes a slight reduction compared to the prior year. 2 -16 3382000 County Business Tax — All businesses in the City must have pay a County Business Tax in addition to the City's Business Tax to operate a business within the County's corporate limits. A portion of the County's revenues are remitted to the City. CHARGES FOR SERVICES 3421300 Police Services Agreement — This amount represents the amount to be paid by Aventura Mall for an increased level of services. The amount represents the cost of the City providing officers pursuant to agreement renegotiated in 2010. 3425000 Development Review Fees — These are fees charged to developers for costs associated with the interdepartmental review of new development proposals such as site plans and plats. 3471000 Recreation /Cultural Events — This is the amount paid by City residents to participate in various trips and events sponsored by the City. The revenues are offset by an expenditure account in the Community Services Department. 3472000 Parks & Recreation Fees — This includes non - resident fees for entering the park and user fees associated with the various programs at Founders Park and Waterways Park. 3472500 Community Center Fees — This represents membership fees and user fees charged for the various programs provided at the Community Recreation Center. 3475000 Summer Recreation — This represents fees charged for participants in the City's Summer Recreation Program. 3476001 Arts & Cultural Center Fees and Rentals — This represents anticipated revenue from rental fees, sponsors, grants and the summer performing arts camp. FINES & FORFEITURES 3511000 County Court Fines — The City receives a portion of the revenues resulting from traffic enforcement activities within its corporate limits. The projection is based on actual revenues for the period. 3541000 Code Violation Fines — Revenues in this category are generated when the owner of property within the City's corporate limits violates a City code. 2 -17 3542000 Intersection Safety Camera Program — Revenues generated from the Traffic Safety Camera Program. Projection is based on historical data. MISC. REVENUES 3611000 Interest Earnings — Investment practices are maintained to allow for 100% of available funds to be invested at all times. Determining factors in forecasting revenue for this line item are the anticipated interest rate and pooled dollars available for investment. 3699000 Miscellaneous Revenues — Any other revenues not otherwise classified. NON — REVENUE 3811018 Transfer from 911 Fund — This represents reimbursement to the General Fund to cover operating expenses relating to the 911 system. 3811019 Transfer from Charter School Fund — This represents reimbursement to the General Fund to cover administrative expenses. The charge is proposed to be waive for the 2011/12 fiscal year. 3999000 Carryover — This amount is derived by a comparison of all of the anticipated revenues for the current period to all of the anticipated expenditures for the current period. The amount budgeted represents the total needed to fund anticipated future capital projects and to balance the revenues with projected expenditures. 2 -18 CITY COMMISSION 2 -19 CITY OF AVENTURA CIS IA > 40N 2011/12 ARTNIEN IrTIt3N The City Commission is the community's legislative body which acts as the decision - making entity that establishes policies and ordinances to meet the community's needs on a proactive basis. The City Commission is committed to providing the best possible professional government and the delivery of quality service levels that reflect community priorities and maintain the quality of life for all residents. OBJECT APPROVED HALFYEAR CFTYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010/11 2010/11 2041/12 1000/2999 Personal Services $ 62,168 $ 62,165 $ 62,063 $ 31,119 $ 62,063 3000/3999 Contractual Services - - - - - 4000/4999 Other Charges & Services 34,657 34,958 36,764 18,300 37,775 5000/5399 Commodities 461 3,049 3,300 58 3,300 5400/5499 Other Operating Expenses 13,963 12,213 17,800 9,562 16,800 Total Operating Expenses $ 111,249 $ 112,385 $ 119,927 $ 59,039 $ 119,938 PERSONNEL ALLOCATION SUMMARY Position No. Position Title 2008/09 2009/10 2010/11 2011/12 0301 Mayor 1.0 1.0 1.0 1.0 0401 Commissioner 1.0 1.0 1.0 1.0 0402 Commissioner 1.0 1.0 1.0 1.0 0403 Commissioner 1.0 1.0 1.0 1.0 0404 Commissioner 1.0 1.0 1.0 1.0 0405 Commissioner 1.0 1.0 1.0 1.0 0406 Commissioner 1.0 1.0 1.0 1.0 Total 7.0 7.0 7.0 7.0 2 -20 CITY OF AVENTURA CITY COMMISSION 2011/12 BUDGETARY ACCOUNT SUMMARY 001 -0101 -511 OBJECT APPROVED HALFYEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009110 2010/11 2010111 2011/12 2 -21 PERSONAL SERVICES 1210 Commission Salaries $ 55,000 $ 55,000 $ 55,000 $ 27,500 $ 55,000 2101 RCA 6,859 6,938 6,865 3,504 6,865 2401 Workers' Compensation 309 227 198 115 198 ubtctl 62,188 82,18! ,..;� $1,1 X00 OTHER CHARGES & SERVICES 4030 Legislative Expenses 34,657 34,958 36,764 18,300 37,775 .$iibtt li 34,07 x a X84; 1$ COMMODITIES 5101 Office Supplies - 192 300 29 300 5290 Other Operating supplies 461 2,857 3,000 29 3,000 Sub# l 461 3,300. 88 00 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 7,297 2,429 7,800 8,732 7,800 5420 Conferences & Seminars 6.666 9.784 10.000 830 9,000 Subtotal 13,963 12,213 17,800 9,562 16,800' Total City Commission $ 111,249 $ 112,385 $ 119,927 $ 59,039 $ 119,938" 2 -21 CITY COMMISSION BUDGET JUSTIFICATIONS 4030 Legislative Expenses — This account represents the $5,396 established per Commissioner to offset expenses incurred in the performance of their official duties. 5410 Subscriptions & Memberships — The following memberships are included for funding: Florida League of Cities National League of Cities Miscellaneous Seminars 5420 Conferences & Seminars — Funding for this purpose is essential in order to keep informed of changing and new developments in local government. Florida League of Cities National League of Cities Miscellaneous Seminars 2 -22 o AV r OFFICE OF THE CITY MANAGER 2 -23 CITY OF AVENTURA t F`t E C IE`HI CITY MANAGER 2011/12 E3EPA 1"i ENT t ESCPiPTION Maintain a City government structure that represents the needs of the community and provides quality services in an efficient, businesslike and professional manner. Responsible for the overall management of all functions and activities of the City's operations, preparation of annual budget and 5 -year CIP document and ensures the proper implementation of policies and ordinances adopted by the City Commission. Provides recommendations and solutions to community concerns. Utilizes customer service focus process to respond to citizen requests. Coordinates personnel function for City operations. OBJECT APPROVED HALFYEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO _ CATEGORY RECAP 2008/09 2009/10 2010/11 2010/11 2011M2 1000/2999 Personal Services $ 728,892 $ 741,855 $ 705,116 $ 308,246 $ 727,373 3000/3999 Contractual Services 53,388 52,776 53,000 25,105 53,000 4000 /4999 Other Charges & Services 67,651 57,267 91,500 60,422 91,500 5000/5399 Commodities 2,692 2,069 5,500 725 5,500 5400 /5499 Other Operating Expenses 6,148 6,189 13,300 2,121 11,300 Total operating expenses $ 858,771 $ 850,156 $ 868,416 $ 396,619 $ $88,673 PERSONNEL . a TION SUMMARY Position No. Position Title 2008/09 2009/10 2010/11 2011/12 0101 City Manager 1.0 1.0 1.0 1.0 0601 Capital Projects Manager 1.0 1.0 - - 4701 Capital Projects Manager /Code Enforcement Office - - 0.6 0.6 0701 Assistant to City Manager /Personnel Officer 1.0 1.0 1.0 1.0 0201 Secretary to City Manager 1.0 1.0 1.0 1.0 0801 Receptionist/inform. Clerk 1.0 1.0 1.0 1.0 Total 5.0 5.0 4.6 4.6 IL - 2 -24 Office of the City Manager Organization Chart City Manager City Manager's Capital Projects Assistant to City Mana Secretary Manager /Code Officer ger /Personnel Officer Receptionist/ Information Clerk 2 -25 CITY OF AVENTURA OFFICE OF THE CITY MANAGER 2011/12 OBJECTIVES 1. Provide completed reports and recommendations on a timely basis upon which the City Commission can make policy decisions. 2. Prepare and submit budget to the City Commission by July 10th of each year. 3. Oversee customer service functions by all Departments to ensure timely response or resolution of citizen requests. 4. Coordinate, control and monitor the activities of all City Departments and operations. 5. Interact with community organizations and associations to increase public awareness of City's various programs, facilities and services. 6. Update 5 -year Capital Improvement Program document and submit to the City Commission by June of each year. 7. Effectively administer the budget priorities and goals established by the City Commission. 8. Perform the functions of Director of Emergency Management to provide for an effective emergency response capability for all City operations. 9. Coordinate and oversee the City's Charter School operations. 10. Prepare Charter School budget. 11. Oversee and coordinate capital projects. 12. Issue newsletters and annual report to the public. 13. Maintain effective personnel system to allow for timely recruitment and hiring of employees. PERFORMANCE WORKLOAD INDICATORS ACTUAL ACTUAL PROJECTED ESTIMATE 2008/09 2009/10 _ 2010_/11 2.01.1/12 Citizen Requests & Inquires 56 50 45 50 Commission Requests 30 27 25 25 Community Meetings Attended 20 15 13 13 Agenda Back up Items Prepared 56 66 55 55 No. of Newsletters & Reports Issued 5 5 5 5 Annual Budget & CIP Prepared 2 2 2 2 School Budget 1 1 1 1 City Manager Briefing Reports 12 12 12 12 Capital Projects Oversight 16 16 14 14 Capital Projects Completed 16 16 14 14 School Advisory Committee Meeting 5 5 5 5 Number of New Hires 4 3 4 4 2 -26 CITY OF AVENTURA OFFICE OF THE CITY MANAGER 2011/12 BUDGETARY ACCOUNT SUMMARY 001 -0501 -512 OBJ ECT CODE ACTUAL ACTUAL' ACTUAL PROPOSAL NO. CATE13ORY'RECAP 2008/09 2009/10 2010/11 2010/11 2011112 2 -27 PERSONAL SERVICES 1201 Employee Salaries $ 516,494 $ 540,156 $ 507,314 $ 230,331 $ 515,263 2101 RCA 30,316 31,908 35,826 14,581 39,418 2201 Pension 87,602 77,321 88,852 20,162 89,725 2301 Health, Life & Disability 89,000 88,706 67,404 41,907 77,078 2401 Workers' Compensation 5,480 3,764 5,720 1,265 5,889 4001 Subtotal 728,892 741,855 706.116 308.246 727.373' 2 -27 CONTRACTUAL SERVICES 3140 Background -New Employees 96 (34) - - - 3170 Lobbyist Services 50,000 50,060 50,000 25,000 50,000 3180 Medical Exams -New Employees 2+,750 3,000 105 3,000 y�3�,2292 J 26}105 43,000 ` OTHER CHARGES & SERVICES 4001 Travel & Per Diem 2,500 2,011 4,000 244 4,000 4040 Administrative Expenses 147 (160) 600 - 600 4041 Car Allowance 11,400 11,400 11,400 5,700 11,400 4101 Communication Services 1,952 2,338 2,500 1,323 2,500 4701 Printing & Binding 642 334 3,000 441 3,000 4710 Printing/Newsletter 43,738 34,635 53,000 45,250 53,000 4910 Advertising 7,272 6,709 17,000 7,464 17,000 S 67,651 57„267 91,50Q 60,42 91,500' COMMODITIES 5101 Office Supplies 2,260 1,495 4,000 639 4,000 5120 Computer Operating Supplies - - 1,000 86 1,000 5290 Other Operating Supplies 432 574 500 500 Subtofaf 2,692 2,069 5,500 725 5,500` OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 4,390 3,835 6,800 1,391 5,800 5420 Conferences & Seminars 1,678 2,254 3,000 730 3,000 5450 Training 80 - 2,500 - 1,500 5901 Contingency - 100 1,000 - 1,000 Subtotal 6,148 6,189 13,300 2,121 11' Total City Manager $ 858,771 $ 860,166 $ 868,416 $ 396,619 $ 888,673- 2 -27 OFFICE OF THE CITY MANAGER BUDGET JUSTIFICATIONS 3170 Lobbyist Services — Costs associated with retaining a professional lobbyist to foster the City's position at the state and county level. 4710 Printing /Newsletter — Represents the cost of printing various documents, informational newsletters and annual report to the residents. 5410 Subscriptions & Memberships — This line item is used to fund memberships with professional organizations and subscriptions. Florida City & County Manager's Association International City Management Association American Planning Association Government Finance Officers Association International Personnel Manager Association (IPMA) Florida Personnel Managers Association American Society of Public Administration Society for Human Resource Management Miscellaneous subscriptions 5420 Conferences & Seminars — Funding for this informed of changing and new developments in government and personnel. Florida City & County Manager's Association International City Management Association Florida League of Cities Miscellaneous Management Seminars IPMA or other Personnel Related Florida Public Personnel Association 2 -28 purpose is essential in order to keep the field of City Management, local LEGAL 2-29 CITY OF AVENTURA LEGAL 2011/12 bEOARTMENT DSSCRIPTION To provide legal support and advice to the City Commission, City Manager, Department Directors and advisory boards on all legal issues affecting the City. OBJECT APPROVED HALFYEAR CTIYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010/11 2011/12 1000/2999 Personal Services $ - $ - $ - $ - $ - 3000 /3999 Contractual Services 306,498 243,197 275,000 99,321 275,000 4000 /4999 Other Charges & Services - - - - - 5000 /5399 Commodities - - - - 5400/5499 Other Operating Expenses 2,160 5,962 5,000 - 5,000 Total Operating Expenses $ 308,668 $ 248���"+IIE $ 280,000 OBJECTIVES 1. Ensure that the various rules, laws and requirements of state, local and federal governments are understood and followed by the City. 2. Review and preparation of contracts, ordinances and resolutions. 3. Represent the City in litigation matters. 4. Provide legal support services to the City Commission, staff and City Boards. i F+d 1 �E AT n r+ 1. Positive compliance with all rules and regulations. 2. Number of documents prepared. 3. Litigation is avoided or concluded to the City's satisfaction. 4. Number of meetings attended. IL 2 -30 CITY OF AVENTURA LEGAL 2011/12 BUDGETARY ACCOUNT SUMMARY 001 -0601 -514 CONTRACTUAL SERVICES 3120 Prof. Services - Legal $ 306,498 $ 243,197 $ 275,000 $ 99,321 $ 275,000 3301 Court Costs & Fees - - - - - 06,498 24 , 8 r;! ",275 10$ ���� VOW 0.' OTHER OPERATING EXPENSES 5901 Contingency 2,160 5,962 5,000 - 5,000 BUDGET JUSTIFICATIONS 3120 Professional Services Legal — Represents the estimated cost of maintaining the contracted City Attorney arrangement with the firm of Weiss Serota Helfman Pastoriza Cole & Boniske, P.L. at an hourly rate of $197, other special counsel and Leibowitz & Associates, P.A. to perform legal services required by the City Commission and City Manager. 2 -31 r OV- " CITY CLERK'S OFFICE 2 -32 CITY OF AVENTURA CITY CLEWS OFFICE 2011/12 �EPART<�I�NT; i?I= SCI�IPTItJN , To record and maintain an accurate record of the official actions of the City Commission and Advisory Boards. Serve as the local Elections Supervisor. Provide notice of all required meetings, effect legal advertising and respond to public records requests. Implement and maintain records management program. Administer publication and supplement of City Code Book. Maintain custody of City Seal and all City records. Assist in preparation of agenda items, prepare and distribute agenda packages and recaps. Schedule Code Enforcement Hearings and provide administrative support to Special Master. Provide clerical support to the City Commission. Assist City Manager's Office with special projects. OBJECT APPROVED HALFYEAR crtY!MM4WER7 CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL �., NO _ CATHY {SAP 2008109 2010/11 2010111 2011/12 1000/2999 Personal Services $ 205,383 $ 210,694 $ 214,668 $ 91,268 $ 215,382 3000/3999 Contractual Services - - - - - 4000/4999 Other Charges & Services 59,176 34,325 64,500 11,032 48,000 5000/5399 Commodities 2,742 2,353 4,400 3,383 4,400 5400/5499 Other Operating Expenses 1,947 1,264 2,500 634 2,300 Total 17 2701142 Position No. Position Title 2008/09 2009/10 2010/11 2011/12 0501 City Clerk 1.0 1.0 1.0 1.0 0901 Executive Assistant to City Clerk - - - 1.0 9601 Admin. Asst to City Clerk 1.0 1.0 1.0 - Total 2.0 2.0 2.0 2.0 2 -33 City Clerk's Office Organization Chart City Clerk Executive Asst to City Clerk 2 -34 CITY OF AVENTURA i' CiTY G��kl�� �►1-"�L 2011/12 OBJIE'1VE$ 1. To maintain accurate minutes of the proceedings of the City Commission, Advisory Boards and other Committees of the City. 2. To publish and post public notices as required by law. 3. To maintain custody of City records and promulgate procedures for the orderly management, maintenance, retention, imaging and destruction of said records. 4. To provide clerical support to City Commissioners, including mail, correspondence, travel and conference registration, preparation of proclamations and certificates. 5. To administer the publication, maintenance and distribution of the Code Book and supplements. 6. To conduct municipal elections in accordance with City, County and State laws. 7. To establish and coordinate the City's records management program in compliance with state law. 8. To effect legal advertising to fulfill statutory requirements of local and state law. 9. To prepare and provide for distribution of agenda packages to Commission, staff, citizens and provide for placement of same on the City's website and prepare and distribute recaps of Commission meetings. 10. To schedule Code Enforcement Hearings and provide clerical support to Special Master. 11. To fulfill information and public records requests within 72 hours. PERFORMANCE WORKLOAD INDICATORS ACTUAL ACTUAL PROJECTED ESTIMATED 20M09 2009/10 2010/11 2011/12 No. of Sets of Minutes Prepared 38 42 40 40 No. of Public Notices Prepared 36 52 35 35 No. of Legal Advertisements Published 22 24 35 35 No. of Ordinances Drafted 6 6 6 6 No. of Resolutions Drafted 28 30 25 25 No. of Lien Requests Responded To 982 1,488 850 1,000 No. of Welcome Letters Prepared 302 399 350 400 No. of Agenda Packages Prepared /Distributed 34 42 40 40 No. of Agenda Recaps Prepared /Distributed 12 12 12 11 No. of Code Enforcement Hearings Scheduled 0 684 500 5 2 -35 CITY OF AVENTURA CITY CLERK'S OFFICE 2011112 BUDGETARY ACCOUNT SUMMARY 001 - 0801 -519 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009110 2010111 201 OM 1 2011112 COMMODITIES PERSONAL SERVICES 5101 Office Supplies 2,063 1201 Employee Salaries $ 154,004 $ 159,562 $ 157,352 $ 70,132 $ 1619404 1401 Overtime 611 607 300 226 600 2101 FICA 11,373 11,785 129037 4,819 12,347 2201 Pension 20,392 18,952 23,157 7,494 23,752 2301 Health, Life & Disability 18,487 19,373 21,256 8,407 169698 2401 Workers' Compensation 516 415 566 190 581 4911 Subtotal 205,383 Z4#04" 214,568 . 5$ 215,3$2 COMMODITIES OTHER CHARGES & SERVICES 5101 Office Supplies 2,063 4001 Travel & Per Diem - - 3,500 - 2,000 4041 Car Allowance 6,000 6,000 6,000 3,000 6,000 4101 Telephone 457 127 500 200 500 4701 Printing & Binding 498 305 3,000 59 3,000 4730 Records Retention 2,245 135 5,000 916 5,000 4740 Ordinance Codification 1,729 3,974 1,500 400 1,500 4911 Legal Advertising 48,247 23,784 30,000 6,457 30,000 4915 Election Expenses - - 15,000 - - Subtotal 59,176 34,325 64,500 11,032 48,000 COMMODITIES 5101 Office Supplies 2,063 1,724 3,000 2,272 3,000 5120 Computer Operating Supplies 562 531 600 529 600 5290 Other Operating Supplies 117 98 800 582 800 ` " 2,742 X2,363 i 4AW 3,383 44 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 1,099 1,124 5420 Conferences & Seminars 848 140 2 -36 1,300 584 1,300 1,200 50 1,000 CITY CLERK'S OFFICE BUDGET JUSTIFICATIONS 4001 Travel & Per Diem — Provides for attendance at the International Institute of Municipal Clerks Conferences, Florida Association of City Clerks Conference and Training Institute, Florida League of Cities Conferences. 4730 Records Retention — Costs associated with imaging of records to maintain records management program. 4740 Ordinance Codification — Costs associated with the official codification of City Ordinances. 4911 Legal Advertising — Costs incurred to satisfy legal requirements of State Statutes, County and City Code. 5410 Subscription & Memberships — This line item is used to fund memberships with professional organizations and subscriptions. Florida Association of City Clerks International Institute of Municipal Clerks Miami -Dade County Municipal Clerks Association Newspapers 2 -37 �r t FINANCE 2 -38 CITY OF AVENTURA 2011/12 To provide overall financial and support services to the organization which includes accounting, cash management, purchasing, risk management, financial planning and budgetary control. OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. , CATWORY RECAP 2008/09 2009110 2010/11 2010/11 2011/12 1000/2999 Personal Services $ 688,529 $ 722,318 $ 749,090 $ 347,624 $ 776,024 3000/3999 Contractual Services 59,079 68,759 61,700 47,150 59,100 4000/4999 Other Charges & Services 14,221 18,449 20,700 5,118 20,340 5000/5399 Commodities 7,443 7,304 8,600 3,940 10,100 5400/5499 Other Operating Expenses 6,476 6,687 9,500 2,499 9,500 Te ! ( rating lEcpenses : S TT 8,74$ : 17 6",50 911$,331 $7510$4 PA'S AW)PIATON, SUMMARY Position No. Position Title 2008/09 2009/10 2010/11 2011/12 1001 Finance Director 1.0 1.0 1.0 1.0 1502 Controller 1.0 1.0 1.0 1.0 3001 Executive Assistant/Risk Mgm. Coordinator 1.0 1.0 1.0 1.0 1301 Purchasing Agent 1.0 1.0 1.0 1.0 1201 -1203 Accountant 2.0 2.0 2.0 2.0 3601 Customer Service Rep. II 1.0 1.0 1.0 1.0 Total 7.0 7.0 7.0 7.0 2 -39 Finance Department Organization Chart Risk Management Finance Director Executive Assistant/Risk Manager Coordinator Controller Accounting 1 11, , I 11 1 1 Purchasing 2 Accountants f I Purchasing Agent Customer Service Representative II 2 -40 CITY OF AVENTURA FII�IiiCE 2011/12 QB,i�T1YES . i 1. Invest idle funds in accordance with the City's Investment Policy 100% of the time. 2. Issue Comprehensive Annual Financial Report (CAFR) by March 31 of each year. 3. Obtain Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting for CAFR each year. 4. Produce /distribute quarterly financial monitoring reports within 30 days of quarter -end. 5. Annually review adequacy of purchasing procedures. 6. Issue purchase orders within two (2) business days of approval. 7. Process all invoices within ten (10) business days of approval. 8. Process bi- weekly payroll /related reports in a timely and accurate manner. 9. Annually review adequacy of insurance coverage. PERFORMANCE WORKLOAD INDICATORS ACTUAL ACTUAL PROJECTED ESTIMATE 2007108 2008109 2009/10 2010111 % of idle funds invested in accordance with policy 100% 100% 100% 100% Number of CAFRs issued prior to 3/31 1 1 1 1 Number of GFOA Certificate of Achievements 1 1 1 1 Number of quarterly reports produced timely 4 4 4 4 Annually review purchasing procedures 1 1 1 1 • of purchase orders issued within 2 days 99% 99% 99% 99% • of invoices processed within 10 days 98% 98% 98% 98% Number of bi- weekly payroll processed timely 26 26 26 26 Annually review adequacy of insurance coverage 1 1 1 1 2 -41 CITY OF AVENTURA FINANCE 2011/12 BUDGETARY ACCOUNT SUMMARY 001 - 1001 -513 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSALi NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010111 2011/121 Total Finance $ 775,748 $ 823,517 $ 849,590 $ 406,331 $ 875,064 2 -42 PERSONAL SERVICES 1201 Employee Salaries $ 483,701 $ 521,668 $ 531,812 $ 260,260 $ 546,437 1401 Overtime - - - - - 2101 FICA 34,641 36,255 40,684 17,241 41,802 2201 Pension 69,674 59,967 76,917 17,159 79,033 2301 Health, Life & Disability 98,901 103,108 99,517 52,305 106,785 2401 Workers' Compensation 1,612 1,320 160 659 1,967 688,529 722418 749,090, 347,624 776,024 3,641 CONTRACTUAL SERVICES 3,500 854 3,500 5420 Conferences & Seminars 3190 Prof. Services 7,515 3,259 7,200 1,725 7,600 3201 Prof. Services - Auditor 51,564 65,500 54,500 45,425 51,500 34 OTHER CHARGES & SERVICES 500 500 Subtotal 4001 Travel & Per Diem 3,887 3,444 7,000 1,565 7,000 4101 Communication Services 1,221 1,141 1,200 387 840 4610 R &M - Vehicles 2,188 1,348 1,500 66 1,500 4650 R &M- Office Equipment - - 500 - 500 4701 Printing & Binding 2,777 2,586 4,000 577 4,000 4910 Advertising 4,148 9,930 6,000 2,523 6,000 4990 Other Current Charges - - 500 - 500 SubtoW 14421: '18,449 20,700 9440 r Total Finance $ 775,748 $ 823,517 $ 849,590 $ 406,331 $ 875,064 2 -42 COMMODITIES 5101 Office Supplies 4,000 3,861 5,000 1,456 5,000 5120 Computer Operating Supplies 911 531 800 529 800 5220 Gas & Oil 2,279 2,902 2,500 1,955 4,000 5290 Other Operating Supplies 253 10 300 - 300 $u1 W It ' 7,443 7 8,600 3,940 10,100 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 3,641 3,006 3,500 854 3,500 5420 Conferences & Seminars 2,107 2,811 4,000 1,645 4,000 5450 Training 694 870 1,500 - 1,500 5901 Contingency 34 500 500 Subtotal 6,476 6,687 9,500 2 9,500 Total Finance $ 775,748 $ 823,517 $ 849,590 $ 406,331 $ 875,064 2 -42 FINANCE BUDGET JUSTIFICATIONS 3190 Professional Services — The cost of an actuary to prepare an actuarial evaluation for the City's Other Post Employment Benefits and the cost related to armored car services. 3201 Professional Services - Auditor — The cost of an audit firm to perform the City's year- end financial audit, including any State and Federal Single audits, in addition to, any other auditing - related services that may be required. 4001 Travel & Per Diem — The costs associated with employees to attend conferences and seminars in order maintain professional designations and to remain current in their respective field. Government Finance Officers Association Florida Government Finance Officers Association Florida Institute of Certified Public Accountants Florida Association of Public Purchasing Officer National Institute of Governmental Purchasing 4101 Communication Services — Includes telephone services for department personnel. 4650 R &M Office Equipment — Includes maintenance and support of equipment other than computers. 4910 Advertising — Includes the cost of advertising all bids and RFP notices. 5410 Subscriptions & Memberships — Includes the cost to fund memberships and subscriptions to professional organizations. Government Finance Officers Association Florida Government Finance Officers Association Florida Institute of Certified Public Accountants American Institute of Certified Public Accountants Florida Association of Public Purchasing Officer National Institute of Governmental Purchasing National Contract Management Association American Payroll Association 5420 Conferences & Seminars — Includes the cost to maintain professional designations as well as educate and inform staff of the latest developments and trends in their respective field. Government Finance Officers Association Florida Government Finance Officers Association Florida Institute of Certified Public Accountants Florida Association of Public Purchasing Officer National Institute of Governmental Purchasing 2 -43 INFORMATION TECHNOLOGY 2 -44 CITY OF AVENTURA INFORMATION TECHNOLOGY 2011/12 DEPARTMENT DESCRIPTION This department provides a secure computing environment that allows for efficient processing of City - related business. Information Technology uses the City's website, AVTV and radio station to deliver accurate and consistent information to the City's customers. OBJECT APPROVED HALFYEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORYRECAP 2008109 2009/10 2010/11 2010/11 201112'; 1000/2999 Personal Services $ 563,697 $ 664,571 $ 694,501 $ 328,917 $ 734,626 3000 /3999 Contractual Services 2,450 5,257 10,000 1,187 10,000 4000 /4999 Other Charges & Services 149,981 138,199 179,540 80,546 192,690 5000 /5399 Commodities 18,852 14,557 18,300 3,008 18,300 5400 /5499 Other Operating Expenses 8,567 6,268 13,560 1,981 13,560 Total Operating Expenses $ 743,547 $ 828,852 $ 915,901 $ 415,639 $ 969,176 PERSONNEL ALLOCATION SUMMARY Position No. Position Title 2008/09 2009/10 2010/11 2011112 9201 Information Technology Director 1.0 1.0 1.0 1.0 8701 Network Administrator II 1.0 1.0 1.0 1.0 1402 Network Administrator 1 1.0 1.0 1.0 1.0 8001 Webmaster /Communications Specialist 1.0 1.0 1.0 1.0 9501 IT Project Coordinator - 1.0 1.0 1.0 9701 Support Specialist 1.0 1.0 1.0 1.0 Total 5.0 6.0 6.0 6.0 2 -45 Information Technology Department Organization Chart Network Administrator (2) Information Technology Director Webmaster/ Communications Specialist (1) 2 -46 Support IT Project Specialist (1) Coordinator (1) CITY OF AVENTURA I�aIA1IiECifNC .cY 2011/12 Q3ECTiV3 1. Provide a secure computer network for applications, sharing of common files, email, etc. 2. Provide a central computer system that serves the information management needs of all departments. 3. Provide help desk services for all City staff. 4. Develop a 3 - 4 year replacement cycle for computing equipment. 5. Expand E- Government applications and services. 6. Address departmental and customer requests to enhance the information on the City's, ACES' and Aventura Arts & Cultural Center's websites. 7. Enhance the City's intranet to provide timely information to City staff. 8. Deliver a consistent message to the City's customers by coordinating communications. 9. Improve AVIV and the City's Information Radio Station WPZQ420 1650AM by keeping information accurate and current and by varying programming. 10. Coordinate the creation and distribution of the City's periodical publications including newsletters and annual report. 11. Provide training on computer applications and computer related topics. PERFORMANCE WORKLOAD INDICATORS ACTUAL ACTUAL PROJECTED ESTIMATED 2009 2009110 2010/11 2_011 /12 • of time computer network is operational 99 99 99 99 • of time www.cityofaventura.com is available 99 99 99 99 • of time www.aventuracharter.org is available 99 99 99 99 Number of workstations supported 235 235 235 235 Number of physical servers supported 25 18 15 10 Number of virtual servers supported 2 9 15 20 Number of help desk support cases 3,396 3,272 3,100 3,100 Number of newsletters and annual reports coordinated 4 4 4 4 Number of training sessions held 4 4 4 4 2 -47 CITY OF AVENTURA INFORMATION TECHNOLOGY 2011/12 BUDGETARY ACCOUNT SUMMARY 001 - 1201 -513 2 -48 PERSONAL SERVICES 1201 Employee Salaries $ 403,998 $ 485,932 $ 497,811 $ 250,011 $ 511,501 2101 FICA 29,386 34,813 38,083 17,200 39,130 2201 Pension 57,214 51,097 71,032 9,054 72,986 2301 Health, Life & Disability 71,756 91,500 85,788 52,016 109,173 2401 Workers' Compensation 1,343 1,229 1,787 636 1,836 Subtotal 56307 86W 694,501 328,917 73028 CONTRACTUAL SERVICES 3130 Computer Programmer - 3,437 8,000 437 - 3190 Other Prof. Services 2,450 1,820 2,000 750 10,000 Subtotal' 2,450 5,267 10,000 1,187 10,000 OTHER CHARGES & SERVICES 4001 Travel & Per Diem 3,772 1,632 5,300 1,300 5,300 4041 Car Allowance 6,000 6,000 6,000 3,000 6,000 4101 Communication Services 7,408 7,079 8,200 4,237 8,500 4650 R &M- Office Equipment 129,526 108,344 133,790 62,722 145,440 4701 Printing & Binding 292 305 500 82 500 4851 Web Page Maintenance 2,983 9,339 7,500 844 7,500 4852 Email Hosting Services - 5,500 18,000 8,361 19,200 4990 Other Current Charges - - 250 - 250 Subtotal 149,981 ' ' . ` 138,199 179,540 8o,546 192,680 COMMODITIES 5101 Office Supplies 1,595 1,522 3,000 719 3,000 5120 Computer Operating Supplies 17,257 13,035 15,000 2,289 15,000 5290 Other operating supplies - - 300 - 300 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 672 889 2,460 1,383 2,460 5420 Conferences & Seminars 2,606 1,264 3,100 598 3,100 5450 Training 5,289 4,115 8,000 - 8,000 2 -48 INFORMATION TECHNOLOGY BUDGET JUSTIFICATIONS 3190 Other Professional Services — Costs associated with utilizing professional services for the City's network infrastructure, security and applications and to enhance the cable TV channel and radio station programming. 4001 Travel & Per Diem — Costs of employees attending conference and seminars in order to stay current in their field. Florida Government Information Systems Association NAGW National Association of Government Webmasters Certified Public Technology Manager Certification Association Florida Government Communicators Association Other conferences, training and seminars 4101 Communication Services — Includes telephone and wireless data access for department personnel. 4650 R &M Office Equipment — Includes maintenance and support of the IBM AS 400 and software and equipment purchased from HTE as well as other major hardware maintenance paid directly to IBM or other vendors. Includes Cisco Networking equipment, security software and application maintenance. 4851 Web Page Maintenance — Costs associated with maintaining and updating the City's Web Page including placement of agenda package on Web and the translation tool subscription. 4852 Email Hosting Services — Costs associated with providing email, virus protection and spam filtering for City staff 5120 Computer Operating Supplies — Includes the cost of minor supplies and software to maintain existing systems and to upgrade to most current versions of software and operating systems. Upgrades for other than Police Operating System Upgrades Minor hardware upgrades Application licenses 5410 Subscriptions & Memberships — This line item is used to fund memberships with professional organizations and subscriptions. Florida Local Government Information Systems Association National Association of Government Webmasters Florida Government Communicators Association Technical resource subscriptions Digital subscription to photo library 2 -49 5420 Conferences & Seminars — Funding for this purpose is essential in order to keep informed of changing and new developments in the field of local government information technology, communications and personnel as follows: Florida Local Government Information Systems Association Conference National Association of Government Webmaster Conference Florida Government Communicators Association Conference Computer related courses for certification and seminars 5450 Training — Ongoing training for all personnel in the department including classes towards certification. Certification classes (3) at $2,200 Training and seminars 1,400 Me] a PUBLIC SAFETY 2 -51 CITY OF AVENTURA Ll a 2011/12 To provide a professional, full service, community oriented Police Department. Respond to all calls for service in a timely and professional manner. Ensure that all crimes are thoroughly investigated and those who are arrested are successfully prosecuted. Interact with the community and create partnerships that enhance law enforcement, crime prevention and quality of life issues. OBJECT APPROVED HALFYEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010/11 2010/11 2011/12 1000/2999 Personal Services $ 12,152,947 $ 13,096,247 $ 13,573,877 $ 6,755,140 $ 14,133,177 3000/3999 Contractual Services 32,155 28,508 44,500 35,396 437,500 4000/4999 Other Charges & Services 602,433 615,479 697,000 343,097 699,000 5000/5399 Commodities 430,094 511,705 535,000 297,981 576,542 5400/5499 Other Operating Expenses 52,550 48,182 48,000 34,721 49,500 psra_ pens Position No. Position Title 2008/09 2009110 2010/11 2011/12 0901 Police Chief 1.0 1.0 1.0 1.0 2201 -2202 Captains 3.0 2.0 2.0 - 2201 -2202 Majors - - - 2.0 2601 Commander 1.0 1.0 1.0 1.0 3002 Executive Assistant 1.0 1.0 1.0 1.0 1701 -1704 Lieutenants 3.0 4.0 4.0 4.0 2301 -2312 Sergeants 11.0 11.0 11.0 12.0 2101 -2105 Detectives 6.0 7.0 6.0 6.0 2001 -2059 Police Officers 55.0 58.0 58.0 57.0 6201 Crime Prev Coordinator 1.0 1.0 1.0 1.0 3701 Crime Analyst 1.0 1.0 1.0 1.0 Property Room /Crime Scene Supervisor - - - 1.0 3901 Crime Scene Tech II - - 1.0 - 2901 Crime Scene Tech 1 2.0 2.0 1.0 1.0 2801 -2807 Police Service Aides 8.0 6.0 5.0 4.0 4801 Property Room /Crime Scene Tech - - 1.0 1.0 6301 Records Supervisor 1.0 1.0 1.0 1.0 6901 -6903 Records Clerk 3.0 3.0 3.0 3.0 1601 911 Manager 1.0 1.0 1.0 1.0 1 3001 -1 3003 Communication Supervisor 3.0 3.0 3.0 3.0 1 2901 -1 2902 Communication Officer 111 2.0 2.0 2.0 2.0 6701 -6706 Communication Officer 11 6.0 6.0 8.0 8.0 2701 -2704 Communication Officer 4.0 4.0 2.0 2.0 8601 -8602 Administrative Asst. III - 2.0 2.0 2.0 8501 -8502 Administrative Asst. II 2.0 2.0 2.0 2.0 3401 -3403 Administrative Asst. 1 2.0 - - - Reet Maintenance Worker - - - 2.0 7501 Fleet Manager /Quartermaster 1.0 1.0 1.0 1.0 8401 Asst. Fleet Manager 1.0 1.0 1.0 - Total 119.0 121.0 120.0 120.0 2 -52 2011/12 Organization Chart Chief of Police Executive Assistant Administrative Operations Specialized Services Services Major Major Commander 2 Lieutenants Lieutenant Lieutenant 2 Sergeants 6 Patrol Sergeants 6 Detectives 33 Patrol Officers 1 CSU Sergeant 1 911 Manager 2 Mall Sergeant 5 CSU Officers er 9 11 Mall Officers Crime Scene /Property Supervisor 15 Comm. Officers /Supervisors 1 Crime Scene Technicians 1 Records Supervisor 3 PSA's 2 Admin. Assistant 2 Records Clerks 1 Sergeant Traffic 1 Data Ent Clerk 5 Traffic Officers 1 Crime Prevention Specialist Entry 1 Marine Patrol 1 Crime Analyst 1 PSA Detective 1 School Resource Officers 1 PSA 1 Fleet Mgr /Quartermaster 1 Admin. Assistant 1 Admin Assistant 2 Fleet Maintenance Worker 2 -53 CITY OF AVENTURA 2011/12 1. Complete review and revision of Departmental Procedural Directives and Rules & Regulations. Revision will remove redundant files, add an index and update Procedural Directives to General Orders and Standard Operating Procedures. 2. Work towards expanding and improving the current radio system. Outdated equipment will be replaced and a new micro -wave site will be established to improve system coverage. Initiate Pro -Voice digital program for encryption of radio traffic. 3. Continue to work with Miami -Dade Fire Rescue towards completing Phase II of software integration to transfer medically related emergency calls for service to Miami -Dade County Fire Rescue directly into their CAD system. 4. Continue to have the Crime Suppression Unit be proactive toward crime within the city and continue liaisons with various task forces and /or other agencies regarding organized theft and fraud groups. 5. Maintain service levels and enhance the capabilities of the Special Services Division to continue to provide a Detective to handle crimes related to fraud, computers and ID theft. 6. Maintain a partnership with the community through Crime Prevention and Police services. 7. Work with residents, businesses, organizations and associations to solve problems. 8. Participate in community programs and community involvement activities. 9. Conduct community presentations with an emphasis on safety for children and senior citizens. 10. Conduct customer service surveys of residents, businesses and victims of crimes. ACTUAL ACTUAL PROJECTED ESTIMATE 2008/09 2009/10. 2010/11 2011/12 Man -hours Assigned to traffic flow Issues 14,560 16,000 16,000 16,500 Progress Toward National Re- accreditation 100% 50% 100% 100% Personnel Hired 5 6 4 0 Progress Toward Emergency Management Programs 100% 100% 100% 100% Community Programs 50 43 43 40 Community Presentations 60 55 55 50 Man hours Assigned to School Resources 2,410 2,400 2,400 2,400 Calls for Service 32,616 31,169 31,169 31,000 Arrests 2,469 2,283 2,283 2,300 Accidents 1,955 1,878 1,878 1,878 Traffic Citations 20,814 20,814 23,000 22,000 Parking Citations Issued 3,375 3,375 3,000 1,800 2 -54 Part 1 Crimes Reported 2,484 2,283 2,283 2,200 Customer Service Surveys 1,000 1,000 1,000 1,000 2 -55 CITY OF AVENTURA PUBLIC SAFETY 2011112 BUDGETARY ACCOUNT SUMMARY 001 - 2001 -521 c)a,11x;T Aw a ti ' No. � `= GSA` mWy�� �I14"IUAL ;AMAL 2 PERSONAL SERVICES 1201 Employee Salaries $ 7,376,221 $ 8,018,957 $ 8,279,807 $ 4,125,144 $ 8,527,961 1390 Court Time 65,376 119,534 100,000 66,810 85,000 1401 Overtime 575,035 689,572 550,000 422,132 650,000 1410 Holiday Pay 156,574 162,132 150,000 123,881 150,000 1501 Police Incentive Pay 63,735 65,720 65,820 36,275 67,620 2101 FICA 605,922 660,073 651,637 338,782 670,758 2201 Pension 1,728,365 1,724,593 1,938,800 796,663 1,994,879 2301 Health, Life & Disability 1,346,375 1,453,103 1,385,702 738,414 1,521,978 2401 Workers' Compensation 235,344 202,563 452,111 107,039 464,981 Su 12,152,947 13,096,247 13,573,877 6,755,140 14,133,177 CONTRACTUAL SERVICES 3180 Medical Exams 2,632 4.280 4,500 1,241 4,500 3190 Prof. Services - Traffic Safety Pr( - - - - 393,000 3192 Prof. Services 29,523 24,228 40,000 34,155 40,000 Subtotal 32,155 28,508 441500 35,396 437,500 OTHER CHARGES & SERVICES 4001 Travel & Per Diem 12,789 11,863 17,000 4,796 17,000 4040 Administrative Expenses 6,691 6,178 10,000 5,083 10,000 4042 Recruiting & Hiring Expense 600 1,228 2,000 343 2,000 4043 CALEA Accreditation 13,394 9,363 7,000 242 7,000 4050 Investigative Expense 9,704 10,310 15,000 3,424 15,000 4101 Communication Services 100,009 91,975 100,000 44,489 100,000 4201 Postage 5,466 3,930 4,000 1,763 4,000 4420 Leased Equipment 66,181 63,583 58,000 30,051 58,000 4440 Copy Machine Costs 3,496 5,289 4,000 3,174 6,000 4610 R &M- Vehicles 130,736 144,311 150,000 48,366 150,000 4645 R &M- Equipment 142,590 131,853 195,000 69,974 195,000 4650 R &M- Office Equipment 104,846 130,861 130,000 129,818 130,000 4701 Printing & Binding 5,931 4,735 5,000 1,574 5,000 COMMODITIES 5101 Office Supplies 19,171 17,049 18,000 6,956 18,000 5115 Byrne Grant Match 2,840 7,542 - 6,666 7,542 5116 Byrne SRO Grant Match - 1,032 - - - 5120 Computer Operating Supplies 11,939 7,521 30,000 3,222 25,000 5220 Gas & Oil 223,958 273,889 254,000 171,195 305,000 5240 Uniforms 26,355 33,362 40,000 10,889 40,000 5245 Uniform Allowance 67,683 68,248 60,000 70,038 70,000 5266 Photography 1,270 428 3,000 299 1,000 5270 Ammunition 21,208 48,542 50,000 4,299 50,000 5290 Operating Supplies 55,670 54,092 80,000 24,417 60,000 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 4,573 4,576 6,000 4,289 6,000 5430 Educational Assistance 3,008 4,145 5,000 8,138 6,500 5450 Training 31,347 39,461 35,000 22,294 35,000 5901 Contingency btotal 13,622 - 2,000 - 2,000 2 -56 PUBLIC SAFETY BUDGET JUSTIFICATIONS 1390 Court Time — This line item is used to fund overtime and standby court time 1401 Overtime — The expenditures from this account are anticipated and unanticipated manpower hours such as major criminal investigations, natural and manmade disasters, holiday details, homeland security and various dignitary details. 1410 Holiday Pay — This request reflects estimated costs with funding holiday pay for shift employees. 1501 Police Incentive Pay — This is mandated by the State for rewarding sworn personnel who have obtained additional education. 3180 Medical Exams — All police officers are required to have a physical exam prior to employment or as required per departmental policy for specialized units. 3192 Professional Services — Costs associated with outsourcing the administration of off duty details, promotional testing and document imaging. 4001 Travel & Per Diem - Used to pay for travel and other expenses associated with employees on city business. 4040 Administrative Expenses - Expenses not directly tied to a specific function or account. 4042 Recruiting & Hiring Expense — Funds have been allocated to assist the Department with recruitment of personnel and pay for psychological screening. 4043 CALEA Accreditation — Costs associated with the Department becoming nationally accredited with the Commission on Accreditation for Law Enforcement Agencies. 4050 Investigative Expense — Costs associated with the Detectives in Specialized Services and Crime Scene to complete complex criminal investigations. 4101 Communication Services — Costs for mobile phones, cellular lines for data transmission, automated vehicle locator, vehicle GPS, computer system communications and other communication devices. 4420 Leased Equipment — Covers costs for leased equipment, vehicles and motorcycles. 4610 R &M Vehicles — Covers costs associated with the repair and maintenance of department vehicles. Costs include preventative maintenance, damage repair and replacement of worn and /or broken parts not covered under warranty. 2 -57 4645 R &M Equipment — Funds allocated to this account will be used for repair and maintenance of Police Department radios, Reverse R911 system, computers, DDSI, NICE recording equipment, Looking Glass mapping system and other equipment. 4650 R &M Office Equipment — This account covers the cost of the HTE /SCA software maintenance and upgrades. It also covers the maintenance on the IBM printer. 4701 Printing& Binding — This account covers the cost of printing of materials for the police department used in official police or City business. Items in this account include business cards and letterhead. 5240 Uniforms — This account is used for issuing uniforms and accessories worn by both police and civilian personnel of the Police Department. 5245 Uniform Allowance — Each employee required to wear a uniform receives an allowance for uniform maintenance and cleaning. This account is paid out 50% in October and 50% in April each fiscal year. 5266 Photography — Funds from this account are used to purchase film or related supplies and film developing for crime scene or other department related photos. 5270 Ammunition — Funds from this account pay for duty and training ammo for police officer use. 5290 Operating Supplies — Funds from this account are used for the purchase of supplies and items needed for the daily operation of the police department. 5410 Subscriptions & Memberships — Costs associated with this line item are subscriptions to professional journals, training materials used to update employees on changing laws and procedures within their activity and membership in professional and regional law enforcement organizations. International Association of Chiefs MDCACP Florida Police Chiefs Association FBI National Academy Associates 5430 Educational Assistance — This account is used to reimburse employees up to 75% of the state tuition rate for college courses and /or college degrees that are related to their job functions. 5450 Training — Costs associated with this account are related to maintain state standards and having a highly trained, professional police force. 2 -58 COMMUNITY DEVELOPMENT 2 -59 CITY OF AVENTURA CommuNrrypEwLopwNT 2011/12 DEPARTMENT QESCFtlP'f1N This Department is composed of four divisions: Planning and Zoning, Building, Code Compliance and Local Business Tax Receipts. The Planning and Zoning division is responsible for the City's planning, zoning, development review and economic development functions. The Building Division is responsible for building permitting and inspections. Code Compliance is responsible for City Code enforcement. Local Business Tax Receipts is responsible for the issuance and enforcement of Local Business Tax Receipts. This Department strives to provide efficient and professional "one- stop" customer service at a centralized location. OBJECT APPROVED ice. CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010/11 2010/11 2011/12 1000/2999 Persona I Services $ 691,113 $ 652,427 $ 708,208 $ 332,830 $ 719,172 3000 /3999 Contractual Services 1,169,118 1,500,284 680,000 642,763 700,000 4000/4999 Other Charges & Services 68,487 102,020 62,700 31,573 62,800 5000 /5399 Commodities 11,416 8,580 17,500 4,011 16,000 5400 /5499 Other Operating Expenses 5,866 4,548 8,900 394 8,900 Position No. Position rdle 2008/09 2009/10 2010/11 2011/12 1311 Community Development Director 1.0 1.0 1.0 1.0 4201 Building Official (P/T) 1.0 1.0 1.0 1.0 9001 Executive Assistant/Planning Technician 1.0 1.0 1.0 1.0 3601 -3603 Customer Service Rep II 3.0 3.0 3.0 3.0 3202 -3204 Customer Service Rep 1 1.0 1.0 1.0 1.0 8901 Code Compliance Officer 11/Zoning Review 1.0 1.0 1.0 1.0 4101 Code Compliance Officer 1.0 1.0 - - 4701 Capital Projects Manager /Code Enforcement Off icei 0.4 0.4 Total 9.0 9.0 8.4 8.4 2 -60 Community Development Department Building Inspections & Permittina Building Official Contractual Building Review & Inspection Services 2 Customer Service Rep II 1 Customer Service Rep I Organization Chart Community Development Director Code Enforcement Business Tax Receipts Code Compliance Officer II Capital Projects Coor. /Code Compliance Officer I Customer Service Rep/ Compl /Inspect 2 -61 Exec Assistant/ Planning Tech Planning Contractual Planner CITY OF AVENTURA COMMUNITY DEVELOPMENT 2011/12 1. Continue to provide customer - focused technical assistance to the community. 2. Provide staff support for land development and variance applications and requests. 3. Provide staff support for the Building Division to receive and process building permit and contractors' license applications. 4. Provide staff support to ensure efficient issuance and maximize collection of Local Business Tax Receipts. 5. Provide staff support to ensure compliance with City Code by residential and commercial development. 6. Maintain privatized building inspection and review. 7. Maintain an up -to -date listing of existing businesses in the City. 8. Provide building inspections within 24 hours of the request. 9. Complete non - complex building plan review within 10 days. 10. Provide all building, planning, zoning and local business tax receipt applications on the City's website for download. 11. Continue to provide inspection services on the City's website. 12. Provide H.T.E. modules for credit card base for payment in person and by internet. 13. Implement the State approved Water Supply Facilities Element as part of the City's Land Development Regulations 14. Provide software for electronic submission of building permits and plans.. 15. Update procedural manual for all divisions of the department. 16. Update H.T.E. Land Management Parcel records to ensure efficient operation of all divisions of the department. 17. Continue with the records management program for all divisions of the department. No. of Local Business Tax Receipts Issued No. of Code Notice of Violations Issued No. of Special Master Hearings No. of Building Permits Issued No. of Building Inspections Performed No. of Land Development Petitions Processed No. of Variance Requests Processed No. of Site Plans Reviewed % of Inspections Performed 24 Hrs. of Request % of Plan Reviews Conducted Within 10 Days 2 -62 (ai F OJECTED ESTIMATE 2010/11 2011/12 2,817 2,884 3,500 3,000 122 134 200 200 317 631 500 25 3,377 4,130 3,500 3,500 6,015 6,963 7,000 7,500 10 7 10 10 2 2 3 3 7 3 8 5 99 99 99 99 99 99 98 98 2 -62 CITY OF AVENTURA COMMUNITY DEVELOPMENT 2011112 BUDGETARY ACCOUNT SUMMARY 001 - 4001 -524 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY IREW. ; 2009/10 2010111 2010111 2011112 " 2 -63 PERSONAL SERVICES 1201 Employee Salaries $ 493,539 $ 487,648 $ 508,797 $ 258,876 $ 516,617 1401 Overtime - 464 500 27 500 2101 RCA 37,152 36,651 38,923 18,869 39,521 2201 Pension 59,262 44,357 64,853 11,053 66,747 2301 Health, Life & Disability 92,375 78,355 82,848 41,147 83,715 2401 Workers' Compensation 8785 4.952 12,287 2,858 12,072 Subtotal 691,113 652,427 705,208 34 7 �1i CONTRACTUAL SERVICES 3101 Building Inspection Services 803,057 898,930 480,000 419,125 650,000 3190 Prof. Services 366,061 601,354 200,000 223,638 50,000 Subtota! 1,1618 1,6fM,2841 "010001,; 642,783 7i5%; OTHER CHARGES & SERVICES 4001 Travel & Per Diem 3,119 3,681 4,000 1,750 4,000 4041 Car Allowance 6,000 6,000 6,000 3,000 6,000 4101 Communication Services 1,930 1,593 2,000 1,375 2,000 4420 Lease Equipment 2,802 2,722 13700 11509 2,800 4610 R &M - Vehicles 1,060 1,754 2,000 564 2,000 4645 R &M - Equipment 529 536 1,000 - 1,000 4701 Printing 9,998 7,732 11,000 2,451 10,000 4730 Records Retention 43,049 78,002 35,000 20,924 35,000 Subtotal 68,487 102,020 62,700 31,573 62,800 COMMODITIES 5101 Office Supplies 5,684 3,876 7,500 1,591 7,500 5120 Computer Operating Supplies 2,096 2,066 2,500 873 2,500 5220 Gas & Oil 3,349 2,638 4,000 1,547 4,000 5240 Uniforms 287 - 500 - 500 5245 Uniform Allowance - 13500 1,500 5290 Other Operating Supplies - 1,500 - s OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 1,628 1,798 2,500 136 2,500 5420 Conferences & Seminars 2,698 2,270 3,400 258 3,400 5450 Training 1,540 480 2,500 - 2,500 5901 Contingency - - 500 500 " 2 -63 COMMUNITY DEVELOPMENT BUDGET JUSTIFICATIONS 3101 Building Inspection Services — Estimated costs associated with private firm to perform building inspection services. 3190 Professional Services — Costs associated with utilizing professional planning consulting services. 4420 Lease Equipment — This budget item is included to cover costs associated with leasing a copier. 4730 Records Retention — Estimated costs for imaging building permit records. 5240 Uniforms — This includes uniform maintenance and work shoes for the Code Compliance Officers. 5410 Subscriptions & Memberships — This line item is used to fund memberships with professional organizations and subscriptions. American Planning Association Florida Planning Association American Institute of Certified Planners Florida Association of Code Enforcement Building Officials Association Miscellaneous subscriptions Florida Association of Business Tax Officials 5420 Conferences & Seminars — Funding for this purpose is essential in order to keep informed of changing and new developments in the field of planning, economic development and code enforcement. 2 -64 COMMUNITY SERVICES 2 -65 CITY OF AVENTURA i IMM UN 1r ;SERVICE 2011/12 DEPARTMENT DESCRtpnpi4 This department is responsible for the maintenance of roads, public areas and facilities, beautification projects, community recreation and cultural activities, special events programming, implementation of mass transit programs and park development. The department is organized to provide a of public works operations, transportation services, cultural and recreation programs wide scope and special events on a quality basis. _ OBJECT APPROVED HALFYEAR CITYMANAt�ER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010/11 2010/11 2011/12 100012999 Personal Services $ 1,276,780 $ 1,293,467 $ 1,389,712 $ 599,547 $ 1,344,404 3000/3999 Contractual Services 1,661,135 1,645,086 1,917,000 543,380 1,475,000 4000/4999 Other Charges & Services 1,241,068 1,170,545 1,216,700 451,186 1,196,200 5000/5399 Commodities 22,625 22,129 31,000 11,272 30,500 5400/5499 Other Operating Expenses 12,550 7,615 30,500 7,389 23,000 Total Operating Expenses $ 4,214,158 .$ 4,138,842 $ 4,584,912 $ 1,612,774 $ 4,069,104 PERSONNEL ALLOCATION SUMMARY Position Ni Position Title 2008/09 2009/10 2010/11 2011/12 5001 Director of Community Services 1.0 1.0 1.0 1.0 5101 Public Works Operations Manager 1.0 1.0 1.0 1.0 3004 Executive Assistant 1.0 1.0 1.0 1.0 5301 Engineer Tech /CAD Operator 1.0 1.0 1.0 1.0 7701 Facilities Manager 1.0 1.0 1.0 1.0 5401 Maintenance Worker 1.0 1.0 1.0 1.0 7201 Security Guard /Info Officer 1.0 1.0 1.0 1.0 5201 Parks and Recreation Services Supt. 1.0 1.0 1.0 - 4901 -4902 Parks and Recreation Manager - - 2.0 1901 -1902 Parks and Recreation Supervisor - - - 2.0 1021 Community Rec Center Manager 1.0 1.0 1.0 - 1051 CRC Assistant Manager /Special Events Coordinator 1.0 1.0 1.0 - 1041 Community Rec Center Supervisor 1.0 1.0 1.0 1.0 1011 Parks and Recreation Activities Manager 1.0 1.0 1.0 - 58015803 Park Attendant (FIT) 4.0 4.0 4.0 3.0 5701 -5714 Park Attendant (P!r) 12.0 12.0 12.0 12.0 Total Full Time 16.0 16.0 16.0 15.0 Total Part time 12.0 12.0 12.0 12.0 2 -66 Community Services Department Organization Chart Director of Community Services Executive Assistant ' Public Works Contractual f Contractual Operations Manager onsulting Landscape Parks & Recreation Parks 8 Recreation hue BManager Q..ontra,.tIu.a.l Manager praor Contractual Parks & Parks & Contractual Recreat tual Facilities Recreation Recreation Recreation Programming Maint. Manager Supervisor SupervisorContractual IBuilding Park CRC Supervisor Park Attendant Maintenance l Street FT (3) nce Maintenance Security/Information Worker Officer Park Attendant Park Attendant Contractual PT (3) PT (e) Tennis Pro tual g • Public Works • GIS /Mapping • Public Works Permitting • ROW /Streets/ Stormwater Drainage Maintenance • Landscape Maintenance /Beautification • Engineering • City Buildings & Facilities Maintenance Total: 15 Full Time Employees 12 Part time Employees 2 -67 • Community Recreation Center • Founders Park • Founders Park SplashPad • Veterans Park • Waterways Park • Waterways Dog Park • Camps/Teacher Planning Days • Special Events: Arbor Day, Senior Prom, Halloween, Founders Day, Veterans Day • Recreation Programs & Activities • Athletic Leagues • Park/Athletic Field Maintenance • Special Event Permitting • Founders Day CITY OF AVENTURA RVI omMtik" SE Cii3 2011/12 I OBJECTIVES I 1. Provide accurate and quick responses to resident complaints and concerns. 2. Work with Community Services Advisory Board to provide quality programs and services. 3. Implement approved operating and CIP Budget. 4. Continue Tree City USA Status. 5. Conform to NPDES stormwater standards. 6. Expand ridership and improve customer service on City -wide shuttle bus service. 7. Increase Community Recreation Center attendance. 8. Increase youth athletic leagues participation. 9. Expand GO GREEN /recycling program. ACTUAL ACTUAL TIMA Resident complaints & concerns cleared 72 84 96 100 Advisory Board Meetings attended 5 4 5 5 CIP projects completed 4 4 4 3 Tree City re- certification 1 1 1 1 Stormwater basins /systems cleaned for compliance 45 50 60 65 Shuttle bus ridership 208,763 241,273 256,000 262,000 Community Recreation Center attendance 57,921 73,626 80,000 85,000 Number of participants registered in youth sports 742 639 725 765 Number of public outreach programs & special events 2 6 8 8 2011 -12 Youth Sports Calendar Sport Season Flag Football Sept - Oct Basketball Nov - Dec Boys Soccer Jan- March Girls Soccer Nov- March Little League Baseball March- May Little League T -Ball March- May Little League Softball March - May .: r• � CITY OF AVENTURA COMMUNITY SERVICES 2011/12 BUDGETARY ACCOUNT SUMMARY 001 - 5001 -539 ACTUAL ACTUAL BUDGET 2008/09 2009/10 2 -69 PERSONAL SERVICES 1201 Employee Salaries $ 916,692 961,761 $ 999,072 $ 471,379 $ 965,419 1401 Overtime 5,427 6,301 8,000 3,265 8,000 2101 FICA 68,334 71,662 76,429 34,651 73,855 2201 Pension 115,267 83,951 126,234 9,107 120,686 2301 Health, Life & Disability 141,128 145,834 152,802 69,132 154,215 2401 Workers' Compensation 29,932 23,958 27,175 12,013 22,229 4420 Subtotal 1,276,780 1,293,467 1,389,712 599,547 1,344,404 4610 CONTRACTUAL SERVICES 2,292 2,080 2,000 349 1,500 3113 Prof. Services - Comm. Cen. Inst. 89,108 95,672 77,000 87,578 80,000 3150 Prof. Services - Landscape Arch. 20,711 36,817 18,000 9,230 20,000 3450 Lands/Tree Maint. Svcs - Streets 910,132 870,013 1,085,000 207,670 740,000 3451 Bea utification/S igna ge 62,704 50,235 67,000 22,607 70,000 3452 LandsfTree Maint. Svcs - Parks 246,757 250,599 325,000 70,512 220,000 3455 Transportation Services 331,723 341,750 345,000 145,783 345,000 4851 1 1,1161,135 1,845,088 1.91X.000 343,3$0,0 110,000 2 -69 OTHER CHARGES & SERVICES 4001 Travel & Per Diem 2,187 1,783 2,500 607 2,500 4041 Car Allowance - 9,565 6,000 3,000 6,000 4101 Communication Services 9,685 71,245 7,500 3,307 7,000 4301 Utilities - Electric 80,014 - 62,500 21,319 50,000 4311 Utilities - Street Lighting 220,036 217,131 210,000 82,953 218,000 4320 Utilities -Water 243,228 183,983 220,000 99,750 200,000 4420 Lease 5,284 4,104 5,200 2,453 5,200 4610 R&M - Vehicles 2,292 2,080 2,000 349 1,500 4620 R&M - Buildings 77,232 73,243 80,000 38,001 82,500 4645 R&M - Equipment 7,324 7,607 10,000 5,826 12,500 4672 R&M - Parks 53,655 46,443 73,000 23,527 75,000 4691 R&M - Streets 1,512 2,752 12,500 4,391 12,500 4701 Printing & Binding 11,791 5,614 12,000 2,926 7,000 4850 Special Events 42,865 45,947 46,000 11,720 46,500 4851 Cultural/Recreation Programs 124,122 139,110 107,500 90,134 110,000 4852 Founders Day Activities 56,671 49,838 60,000 58,958 60,000 4854 Summer Recreation 303,170 310,100 300,000 1,965 300,000 Subtotal 1,241,088 1.1 1'2 X00 451 , 1,196,200 2 -69 COMMODITIES 5101 Office Supplies 4,180 3,927 6,000 2,171 6,000 5120 Computer Operating Supplies 6,890 6,416 8,500 2,979 8,500 5220 Gas & Oil 6,515 6,300 5,000 2,581 5,250 5240 Uniforms 4,557 5,370 8,000 3,529 7,250 5290 Other Operating Supplies 483 116 3,500 12 3,500 2 -69 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 3,379 904 2,500 1,989 2,500 5420 Conferences & Seminars 670 577 3,000 719 3,000 5450 Training 5,690 5,704 10,000 4,426 10,000 5901 Contingency 2,811 430 15,000 255 7,500 2 -69 COMMUNITY SERVICES BUDGET JUSTIFICATIONS 3150 Professional Services Landscape Architect — Provides funding for professional landscape architect consulting services to assist the Department with landscaping projects; inspections; coordination with landscape contractor; and other projects as assigned. 3450 Landscape /Tree Maintenance Services Streets — Provides for costs associated with contracting tree, landscape, irrigation and flower maintenance services for all public right -of- ways and medians. 3451 Beautification /Signage — Establishes funding for banners, directional, informational, and illuminated street and replacement signs. Funding request includes maintenance of street furniture; water fountains, bollards, decorative streetlights, bus shelters, benches and trash cans. Funds costs associated with the FEC Lease for landscaping. 3452 Landscape/Tree Maintenance Services - Parks — Provides funding for contracting maintenance services for Founders Park, Waterways and Veterans Park. Services including: grounds maintenance, tree maintenance and athletic field maintenance. 3455 Transportation Services — Funding level includes providing five mini -bus public transit routes six days per week on a contractual basis, including the printing costs for rout schedules. Transit system links the residential areas to community, retail and medical establishments, as well as Miami -Dade and Broward County routes. 4311 Utilities Street Lighting — Provides funding for services associated with street lighting in various areas of the City. 4320 Utilities Water — Provides funding for purchasing water for irrigating the medians, swales and right of ways in the City. 4620 R &M Buildings — Provides for funding the necessary building maintenance services to the Community Recreation Center the two small buildings at Founders Park, and the Waterways Park Building for the following services: air conditioning maintenance contract, pest control, fire alarm system monitoring and maintenance, roof inspections, plumbing and electrical repairs, janitorial services for the CRC, security system monitoring and maintenance and annual gymnasium floor maintenance. 4672 R &M Parks — Provides funding for repair and maintenance of park amenities and equipment. 4691 R &M Streets — Provides funding for services utilized in the maintenance of streets, sidewalks and drainage. 4850 Special Events — This figure represents funding for events related to community wide, annual events to enhance civic pride and improve the quality of life for the residents: Halloween Harvest, Veterans Day, Arbor Day, Senior Prom and July 4th fireworks. 2 -70 4851 Cultural /Recreation Programs — Provides for costs associated with senior recreation programming for trips to local venues, performing arts and classical music. This line item also funds recreation programs, youth athletics and the costs to conduct background checks for all volunteers. All costs are offset by registration fees. 4852 Founders Day Activities — Provides for funding for activities, games and entertainment for Founders Day activities from 12 noon - 5 PM. 5410 Subscriptions & Memberships — Provides for funding memberships in the American Public Works Association and the Florida and National Recreation and Parks Association for staff. 5420 Conferences & Seminars — Provides for funding for attending the following conferences: American Public Works Association, Florida Recreation and Parks Association, National Recreation and Parks Association, customer service training, and local seminars. 2 -71 ARTS & CULTURAL CENTER 2 -72 CITY OF AVENTURA AR1'a C iLT CEWER 2011/12 This department is responsible for the operations and programming of the Arts and Cultural Center. The goal is to provide a facility that offers a wide range of quality entertainment and cultivates partnerships with other local and regional organizations to enhance the quality of life for the City by providing a variety of performing arts and relevant cultural programming for audiences of all ages. APPRL' M HALF YEAR CITY LA Af3P i ACTUAL. AM AL L 'BUOMT ACTUAL. PL AN, 2 Q$/Li9 2E 8f10 2010111 2010111 20 1112 1000/2999 Personal Services $ - $ - $ - $ - $ - 3000 /3999 Contractual Services 154,320 327,254 483,175 232,607 503,653 4000/4999 Other Charges & Services 130 54,150 141,500 46,738 143,400 5000 15399 Commodities 29 5,813 15,000 3,682 9,000 5400/5499 Other Operating Expenses - 1,770 45,200 - 17,200 T€►ta8 rop 6cpot18set S 1 79 8 380 >90T 8 673 „203 PACA Contractual Employees 2008/09 2009/10 2010/11 2011/12 General Manager WA 12 months 1.0 1.0 Event Manager WA 2 months 1.0 1.0 Technical Manager WA 6 months 1.0 1.0 Box Office Manager WA 2 months 1.0 1.0 Marketing Coordinator WA WA 0.3 0.3 P/T Labor WA WA 0.3 0.3 2 -73 Arts & Cultural Center Department Organization Chart City Commission City Manager AACC Advisory Board Performing Arts Center Authority General Manager f Operations 2 -74 CITY OF AVENTURA ART$$ & +DUL.WRA-L- CENTER �. 2011/12 OBJECTIVES 1. To provide artistic offerings to our increasingly diverse community with an emphasis on fostering a cooperative spirit and enhancing the quality of life in Aventura. 2. Create a performing arts facility that is welcoming and inclusive of the public at large by maintaining an aesthetically pleasing and professional facility. 3. Attract and secure financial support through grants and other fundraising opportunities. 4. Enhance the learning experiences of students at Aventura City of Excellence Charter School by expanding performing arts activities and educational opportunities. 5. To increase general public awareness of the value of the cultural and educational programs available. PERFORMANCE WORKLOAD INDICATORS ACTUAL ACTUAL PROJECTED ESTIMATE 2008/09 2009/10 2010/11 2011/12 Advisory Board Meetings attended 4 8 4 4 Number of performances /events N/A N/A 138 140 Number of promotional material produced 1 7 40 40 Summer Camp N/A N/A 1 1 % of patrons who respond favorably to AACC N/A N/A 70% 70% 2 -75 CITY OF AVENTURA ARTS & CULTURAL CENTER 2011/12 BUDGETARY ACCOUNT SUMMARY 001 - 7001 -575 OBJECT APPROVED HALF YEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010/11 2010111 2011112 COMMODITIES CONTRACTUAL SERVICES 5410 Subscriptions & Memberships 5101 Office Supplies 29 1,021 3112 Prof. Services - Management Servii 154,320 187,740 144,000 59,924 144,000 3114 Prof. Services - Man Services /Staff - 123,613 269,375 143,168 282,053 3115 Prof. Services - Man Services /Marl 10,725 19,800 8,597 21,600 3190 Prof. Services - Programming 1,795 35,000 8,866 40,000 3410 Prof. Services - Janitorial Services 3,381 15,000 12,052 16,000 Subtotal 154,320 327,254 41,17' 5 OTHER CHARGES & SERVICES 4001 Travel & Per Diem 130 1,709 4,000 - 2,000 4101 Communication Services - 987 3,000 951 2,000 4201 Postage 5,896 10,000 - 6,000 4301 Utilities 31,797 33,000 22,566 41,000 4440 Copy Machine Costs 709 2,000 1,256 2,400 4620 R &M - Buildings 907 5,000 3,121 5,000 4645 R &M - Equipment 898 5,000 1,464 5,000 4701 Printing & Binding 2,437 25,000 2,585 25,000 4850 Special Events 6,047 10,000 6,698 10,000 4851 Web Page Maintenance 2,763 2,500 - 2,500 4910 Advertising 40,000 8,097 42,000 4920 Licenses /Permit Fees - - 2,000 - 500 Subtotal 130 54,150 441,500 X35 COMMODITIES OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 5101 Office Supplies 29 1,021 2,000 1,084 2,000 5120 Computer Operating Supplies - 2,085 3,000 1,271 3,000 5290 Other Operating Supplies 2,707 10,000 1,327 4,000 ems- 2 -76 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships - 1,200 1,200 5420 Conferences & Seminars 1,770 1,000 - 5430 Reserve for Programming - 40,000 15,000 5901 Contingency 3,000 1,000 2 -76 ARTS & CULTURAL CENTER BUDGET JUSTIFICATIONS 3112 Professional Services- Management Services — Payment for services provided in conjunction with the Agreement with Performing Arts Center Authority for management, programming and operational support services. 3114 Professional Services- Management Services /Staffing — Reimbursement to Performing Arts Center Authority in accordance with agreement for staff personnel costs. 3115 Professional Services — Management Services Marketing — Payment for marketing and public relation services. 3190 Professional Services Programming — This line item is used to fund "City Presents" performances in order to attract a variety of programming. 3410 Professional Services Janitorial Services — Costs for cleaning the AACC facility. 4101 Communication Services — Costs associated with telephone service and other communication type services. 4301 Utilities — Costs associated with electricity, water, sewer and refuse service for the AACC. 4620 R &M Building — Costs of maintaining service contracts for mechanical systems within the AACC. 4645 R &M Equipment — Costs of maintaining service contracts on all equipment located at the AACC. 4910 Advertising — Costs associated with promoting events at the AACC. 5430 Reserve for Programming — This account was established to accumulate funds derived from fund raising programs such as from the sale of bricks and honor roll plaques to fund future performing arts events. 2 -77 NON DEPARTMENTAL 2 -78 CITY OF AVENTURA 2011112 BUDGETARY ACCOUNT SUMMARY NON - DEPARTMENTAL - TRANSFERS BUDGET JUSTIFICATIONS 9118 Transfer to Charter School Fund — Represents transfer of amount from the Intersection Safety Camera Program revenues to the Charter School Fund. 9123 Transfer to Debt Service Fund — Transfer to 2011 & 2011 Loan Debt Service Fund for required interest and principal on that Loan. 9124 Transfer to 2000 Loan Debt Service Fund — Transfer to 2000 Loan Debt Service Fund for required interest and principal on that Loan. 9125 Transfer to 2002 Loan Debt Service Fund — Transfer to 2002 Loan Debt Service Fund for required interest and principal on that Loan. 2 -79 TRANSFERS 9118 Transfer to Charter School Fund $ 100,000 $ 100,000 $ - $ 50,000 $ 100,000 9123 Transfer to Debt Service Fund - 2010111 1,345,341 1,867,459 1,349,462 336,928 1,207,734 9124 Transfer to Debt Service Fund - 2000 490,669 628,705 508,363 254,182 508,465 9125 Transfer to Debt Service Fund - 2002 400,577 404,120 403,709 201,855 404,780 9170 Transfer to Cultural Center Con. Fund 2,000,000 656,185 - - Total Non-Departmental - Transfers $ 4,336,587 $ 3,656,469 $ 2,261,534 $ 842,965 $ 2,220,979 NON - DEPARTMENTAL - TRANSFERS BUDGET JUSTIFICATIONS 9118 Transfer to Charter School Fund — Represents transfer of amount from the Intersection Safety Camera Program revenues to the Charter School Fund. 9123 Transfer to Debt Service Fund — Transfer to 2011 & 2011 Loan Debt Service Fund for required interest and principal on that Loan. 9124 Transfer to 2000 Loan Debt Service Fund — Transfer to 2000 Loan Debt Service Fund for required interest and principal on that Loan. 9125 Transfer to 2002 Loan Debt Service Fund — Transfer to 2002 Loan Debt Service Fund for required interest and principal on that Loan. 2 -79 CITY OF AVENTURA NON- DEPARTMENTAL 2011/12 BUDGETARY ACCOUNT SUMMARY 001 - 9001 -590 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010/11 2011112 Ti t Not p rtm�iMal 1,572 16 $ 1 8,296 $ 1,636,t1t b fi „ kh I We] PERSONAL SERVICES 2501 Unemploment $ $ $ $ $ 15,000 Subtotal - - - 15,006 CONTRACTUAL SERVICES 3410 Prof. Services -Janitorial $ 62,100 $ 62,400 $ 62,000 $ 20,800 $ 62,000 Subtotal 62,100 62,400 62,000 20,800 62,000 OTHER CHARGES & SERVICES 4101 Communication Services 110,615 105,173 118,000 47,978 105,000 4201 Postage 21,465 14,311 22,000 4,886 25,000 4301 Utilities 307,603 226,115 275,000 81,378 260,000 4440 Copy Machine Costs 8,304 13,059 15,000 6,099 15,000 4501 Insurance 910,822 679,190 936,000 329,509 936,000 4620 R &M - Government Center 78,584 102,845 145,000 54,715 124,000 4650 R &M - Office Equipment 615 1,230 2,000 - 2,000 Subtotal 1,438,008 1,141,923 1,513,000 524,565 1,467,100 COMMODITIES 5290 Other Operating Supplies 11,841 10.073 10,000 6,347 10,000 Subtotal 11,841 10,073 10,000 6,347 10,000 OTHER OPERATING EXPENSES 5901 Contingency 60,567 23,900 50,000 2,251 50,000 5904 Hurricane /Storm Exp - - - - - Ti t Not p rtm�iMal 1,572 16 $ 1 8,296 $ 1,636,t1t b fi „ kh I We] NON - DEPARTMENTAL BUDGET JUSTIFICATIONS 2501 Unemployment- Unemployment costs. 3410 Professional Services - Janitorial Services — Costs for Government Center. 4101 Communication Services — Costs associated with telephone service, internet access, web pages, and other communication type services for Government Center. Includes Intertel maintenance and Wireless data service. 4301 Utilities — Costs associated with electricity, water, sewer and refuse service for the Government Center. 4501 Insurance — Liability and property insurance coverage for all City -owned or leased facilities and equipment and all employees and officers. 4620 R &M Government Center — Costs of maintaining service contracts for mechanical systems within the Government Center. 4650 R &M Office Equipment — Costs of maintaining service contracts on all office equipment located at the Government Center. 2 -81 CAPITAL OUTLAY 2 -82 CITY OF AVENTURA CAPITAL OUTLAY 2011/12 PROJECT APPROPRIATION 001 -80XX a M1 City Manager's Office - 05 -512 6402 Computer Equipment <$5,000 $ 2,452 $ 1,896 $ 2,000 $ 126,727 $ 4,000 6402 . z.. 2,452 = 1,896 21000 2,185 4,000 6410 City Clerk - 08 -519 55,360 46,736 33,500 10,720 14,000 6402 Computer Equipment <$5,000 1,589 872 - 2,524 - 6301 SabEc�t! a 89,739 11 =T1 I E1,17,77,11717 7,800 7,800 7,800 6307 Finance -10 -513 - - - - 300,000 6401 Computer Equipment >$5,000 1,266 - 50,000 - 6402 Computer Equipment <$5,000 1,813 1,918 6,000 2,000 6410 Equipment - - - - - 6310 S _ t 3,0 9 .>;"1w918 491,600 487,640 2,000, 6322 Information Technology. -12 -513 23,055 - - - 6401 Computer Equipment >$5,000 35,081 154,198 328,000 7,690 105,000 6402 Computer Equipment <$5,000 845 11,077 6,000 - 6,000 6410 Equipment >$5,000 - 30,550 - - - Subtotal 3tF,926 ': 995,825' 334,000 ?,69fl 111 p00 Public Safety - 20- 521 6303 Safety Improvements 12,220 - - 6401 Computer Equipment >$5,000 10,481 5,836 10,000 - - 6402 Computer Equipment <$5,000 101,057 91,822 240,000 9,174 110,000 6405 E911 Equipment 11,722 - 40,000 - 15,000 6407 Radio Purchase & Replace. 179,346 115,748 321,764 3,638 688,000 6408 Secure Out Schools Grant - 24,237 - - - 6410 Equipment >$5,000 70,010 129,496 150,000 77,434 120,000 6411 Equipment <$5,000 13,270 19,036 40,214 14,327 21,500 6413 State 911 Grant 30,270 14,709 - - - 6414 Police Dept Offices Improve - 17,750 - - 6450 Vehicles 297,453 412,320 409,934 352,412 430,000 $tuba , , X41 �. t !1,912 ': `, 4lf . } ,384,500 Community Development - 40 -524 6401 Computer Equipment >$5,000 - 44,000 - 6402 Computer Equipment <$5,000 2,693 2,930 3,000 3,500 6411 Equipment <$5,000 - - - - 6450 Vehicles - 13,950 a M1 Community Services - 50- 539/541/572 6205 Government Center Improvements - 331,913 157,287 126,727 - 6402 Computer Equipment <$5,000 14,410 12,631 19,177 2,185 22,400 6410 Equipment >$5,000 55,360 46,736 33,500 10,720 14,000 6411 Equipment <$5,000 - 5,872 3,500 2,524 2,500 6301 Beautification Projects 89,739 7,795 7,800 7,800 7,800 6307 Street Lighting Improv. - - - - 300,000 6310 Entrance Monument Sign - - 50,000 - 6341 Transportation System Improve. 220,544 827,237 285,000 6205 Community Center 4,488 - - - - 6310 Aventura Founders Park - 491,600 487,640 74,000 6322 Waterways Park Improvements 23,055 - - - a M1 Arts & Cultural Center - 70 -575 6301 Improve. Other Than Bldg /Marquee 157,315 125,000 209 6410 Equipment >$5,000 420,057 110,965 70,958 577,372 235,965 71,167 - Non - Departmental - 90 -590 6208 Building \Equipment 38,280 - - - Gov't Center Garage Expansion - - - - 175,000 6999 Capital Reserve - 12,436 15,193,488 21,569 15,193,488 Subtotal Total Capital S�J °i ,294 2 -84 CAPITAL PROJECT DESCRIPTIONS OFFICE OF THE CITY MANAGER $72,000 6402 Computer Equipment <$5,000 — This project consists of upgrading and replacing computer equipment. 20,000 FINANCE 7,000 6402 Computer Equipment <$5,000 — This project consists of upgrading and replacing computer equipment. 5,000 INFORMATION TECHNOLOGY 6401 Computer Equipment >$5,000 — This project consists of expanding and upgrading the City's general information systems, which is used by all City Departments. 6402 Computer Equipment <$5,000 — This project consists of upgrading and replacing computer equipment. PUBLIC SAFETY 6402 Computer Equipment <$5,000 — This project consists of purchasing computer equipment and software that utilizes the latest technology for the Police Department. The primary system consisting of CAD dispatch, records management and mobile laptop computer capabilities will requires expansion during the year to accommodate growth and required upgrades. Replace 25 Mobile Laptops 50,000 Vehicle Modems 6,000 Replace 2 Servers 10,000 10 Vehicle Printers 10,000 20 Desktop Computers 24,000 Upgrades 10,000 6405 E911 Equipment — This project consists of upgrades to the E911 system to accommodate the communication needs of the Police Department at a cost of $15,000. 6407 Radio Purchase & Replacement — This project consists of purchasing 108 mobile and 8 desktop radios and upgrades to the 800 MHz to accommodate the communication needs of the Police Department. 6410 Equipment >$5,000 — This project consists of purchasing equipment for the Police Department as follows: 10 Vehicle Equipment $72,000 Replace 1 Message Board 11,000 Prisoner Vehicle Equipment 20,000 K -9 Vehicle Equipment 7,000 Crime Scene Ventilation System 5,000 RFID Expansion 5,000 6410 Equipment <$5,000 — This project consists of purchasing equipment for the Police Department as follows: Replace 10 Ballistic Vests $8,500 Replace Dive team Equipment 2,000 2 -85 Replace 2 Bikes 2,000 7 Tasers 7,800 Portable Generator 1,200 6450 Vehicles — This project consists of purchasing police vehicles to accommodate the vehicle replacement program in the Police Department. Replace 11 Patrol Vehicles, Prisoner Van, Fleet Truck and K -9 Vehicle. COMMUNITY DEVELOPMENT 6402 Computer Equipment <$5,000 — This project consists of upgrading and replacing computer equipment. COMMUNITY SERVICES 6402 Computer Equipment <$5,000 — This project consists of upgrading and replacing computer equipment. 6410 Equipment >$5,000 — This project consists of purchasing 1 service cart and replacing 2 Exercise Bikes. 6411 Equipment <$5,000 — This project consists of replacing a Recumbent Bike at the Community Recreation Center. 6301 Beautification Projects — This program consists of replacing trash cans. 6307 Street Lighting Improvements — Provides partial funding in conjunction with the Street Transportation Fund to fund phase 2 of upgrading the street lighting along the eastside of Biscayne Boulevard. 6310 Aventura Founders Park Improvements — This project consists of replacing exercise equipment, pour in place surfacing and shade covers for bleachers. NON - DEPARTMENTAL Government Center Parking Expansion - This project consists of adding a second level to the parking area adjacent to the Government Center to provide higher ground for police vehicles and accommodate additional parking. 2 -86 POLICE EDUCATION FUND 2 -87 CITY OF AVENTURA PoG N t WFU401 10 CATEGORY SUMMARY 2011/12 This Fund is used to account for revenues and expenditures associated with the two dollars ($2.00) the City receives from each paid traffic citation, which, by State Statute, must be used to further the education of the City's Police Officers. 310000/319999 Locally Levied Taxes 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 340000/349999 Charges for Services 350000/359999 Fines & Forfeitures 360000/369999 Miscellaneous Revenues 380000/389999 Transfer from Funds 399900/399999 Fund Balance Total Available REVENUE PROJECTIONS 8,023 7,560 7,000 3,212 7,000 83 74 - 4 - 13.733 11,310 11,310 4,000 8,106 3 21,367-s' 18,310 $ 1 406 $ 11,000 EXPENDITURES OBJECT APPROVED HALFYEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009110 2010/11 2010/11 2011112 1000/2999 Personal Services $ $ $ $ $ 3000 /3999 Contractual Services - 4000/4999 Other Charges & Services 5000 /5399 Commodities - - - - 5400/5999 Other Operating Expenses 5,061 10,057 18,310 7,085 11,000 Total Operating Expenses 5,061 10,057 18,310 7,085 11,000 6000 /6999 Capital Outlay <atal EX pendituces $ 5,061 ,$ 10,057 , $ 18,310 $ 7,085 $ 11,000 :: CITY OF AVENTURA POLICE EDUCATION FUND 110 2011/12 REVENUE PROJECTIONS OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. GATEGORYRECAP 2008/09 2009/10 2010/11 2010/11 2011/12 Fines & Forfeitures 3511000 Fines $ 8,023 $ 7,560 $ 7,000 $ 3,212 $ 7,000 Subtotal 8,023 7,560 7,000 3,212 7,000' Miscellaneous Revenues 3611000 Interest 83 74 - 4 - Subtotal 83 74 - 4 Fund Balance 3999000 Carryover 13.733 11,310 11,310 4,000 Subtotal - 13,733 11,310 11,310 4,000': Total Revenues $ 8,106 $ 21,367 $ 18,310 $ 14,526 $ 11,000 EXPENDITURES 2001 -521 OBJECT APPROVED HALFYEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010/11 2010/11 2011 112 OTHER OPERATING EXPENSES Public Safety 5450 Training $ 5.061, 5 1C ;57 * 18.3':0 S '.086 11,000 Total Expenditures $ 5,061 $ 10,057 $ 18,310 $ 7,085 $ 11,000 REVENUE PROJECTION RATIONALE 3511000 Fines — Two dollars ($2.00) is received from each paid traffic citation issued within the City's corporate limits, which, by law, must be used to further the education of the City's Police Officers. 2 -89 �=� TRANSPORTATION AND STREET MAINTENANCE � tol►� r •e] CITY OF AVENTURA TRAN3P�CiR'#ATIC3N AN['> STRfIE7 MAINTENANCE FUND 120 CATEGORY SUMMARY 2011/12 FV"Q DESCRIPTION This fund was established to account for restricted revenues and expenditures which by State Statute and County Transit System Surtax Ordinance are designated for transportation enhancements, street maintenance and construction costs. REVENUE PROJ ECTIONS OBJ ECT CODE ACTt�AL a _ L _ ACTUA PPR$POSAL` NO. CATEGORY RECAP 310000/319999 Locally Levied Taxes $ $ $ $ $ 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 1,558,451 1,470,944 1,480,000 495,137 1,511,650 340000/349999 Charges for Services - - - - - 350000/359999 Fines & Forfeitures - - - - 360000/369999 Miscellaneous Revenues 493 44 66 500 380000/389999 Transfer from Funds - - - - 399900/399999 Fund Balance 63,606 2,968 2,968 130,000 Total Available 'tom 1 "? ' 1,482,968 $ $�; 1,82, ISO ' EXPENDITURES OBJECT APPROVED HALFYEAR CITY MANAGER, CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010111 2010/11 2011112 1000/2999 Personal Services $ - $ - $ - $ - $ - 3000 /3999 Contractual Services 1,094,391 1,077,116 975,000 386,767 775,000 4000 /4999 Other Charges & Services - - - - - 5000 /5399 Commodities 5400/5999 Other Operating Expenses - - - - 6000 /6999 Capital Outlay 242,736 454,510 507,968 117,940 867,150 9000/9999 Transfers - - - - - 2 -91 CITY OF AVENTURA NCE FUND 120 2011/12 REVENUE PROJECTIONS .. APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009110 2010/11 2010/11 2011/12 Fund Balance 3999000 Carryover - 63,606 2,968 2,968 130,000 1,558,944 $ 1,534,594 $ 1,4829+ EXPENDITURES 5001 -541 Intergovernmental Revenues 3343903 Miami Gardens Drive Conn $ 91,188 $ - $ - $ - $ - 3351200 State Revenue Sharing 142,514 142,226 150,000 68,308 155,250 3353001 Local Option Cap. Impr. Gas Tax 111,797 117,222 125,000 55,121 125,000 3353010 Local Option Gas Tax 322,544 306,926 325,000 138,987 325,000 3383801 County Transit System Surtax 890,408 904,570 880,000 232,721 906,400 Community Services - 50 -541 1,558,451 1,470,944 1,480,000 495,137 1,511,650' Road Resurfacing 242,736 448,112 505,000 112,940 608,000 Miscellaneous Revenues Street Lighting Improv. - - - - 3611000 Interest 493 44 - 66 500 3632000 Transportation Mitigation Impact F - - - - - 3661000 Developer Contributions /Streets Subtotal - . " � &�H= �i4 I ��o � " 41�4 "M Fund Balance 3999000 Carryover - 63,606 2,968 2,968 130,000 1,558,944 $ 1,534,594 $ 1,4829+ EXPENDITURES 5001 -541 Total 4r4 x r , Total Expenditures $ 2 -92 CONTRACTUAL SERVICES Community Services - 50 -541 3450 Landscape/Tree Maint/Streets $ 711,622 $ 728,494 $ 600,000 $ 247,884 $ 400,000 3455 Enhanced Transit Services 382,769 348,622 375,000 138,883 375,000 3 t ; ,: 1;#177. [ 16' 971�,pt 1 386,767 775,000 CAPITAL OUTLAY Community Services - 50 -541 6305 Road Resurfacing 242,736 448,112 505,000 112,940 608,000 6307 Street Lighting Improv. - - - - 200,000 6341 Transportation System Improv. - 6,398 - 5,000 - 6999 Capital Reserve - 2,968 - 59,150 Subtotal iii al'�1�I . " � &�H= �i4 I ��o � " 41�4 "M Total 4r4 x r , Total Expenditures $ 2 -92 REVENUE PROJECTION RATIONALE 3351200 State Revenue Sharing — Revenue received in this category represents a portion of the total State Revenue Sharing Funds. Their source is the motor fuel tax and is restricted to road construction and maintenance. Based on information from the State, it is anticipated that $155,250 will be received in the upcoming fiscal year. State Revenue Sharing 3353001/3010 Local Option Gas Tax — The County has adopted two phases of the local option gas tax. The first phase is six cents per gallon on fuel and is collected by the State's Department of Revenue and remitted monthly based on a formula which provides a weight of 75% to population and 25% to center line mileage in each city. These funds must be used for transportation related expenditures. The second phase must be used for transportation expenditures needed to meet the requirements of the capital improvements elements of an adopted comprehensive plan. Local Option Gas Tax 3383801 County Transit System Surtax — County voters approved a 1/2 percent sales tax increase for transportation needs that went into effect January 2003. As provided by County Ordinance the cities receive 20% of the proceeds based upon population. Based on information provided by the County it is anticipated that $906,400 will be received for the fiscal year. 2 -93 EXPENDITURE JUSTIFICATIONS 3450 Landscape/Tree Maintenance /Streets — Provides for costs associated with contracting tree, landscape, irrigation and flower maintenance services for all public right -of -ways and medians. 3455 Enhanced Transit Services — Funds will be used to fund required 20% of County Transit System Surtax for enhanced public bus transportation system beyond levels set in the 2001/02 budget and to fund the expanded transit service routes. 6307 Street Lighting Improvements — Provides partial funding in conjunction with the General Fund to fund phase 2 of upgrading the street lighting along the eastside of Biscayne Boulevard. 6305 Road Resurfacing — This project consists of resurfacing NE 31 t Avenue/ NE 185th Street, NE 1881 Street and a portion of NE 191St Street as part of the City's ongoing maintenance program. 2 -94 POLICE CAPITAL OUTLAY IMPACT FEE FUND 2 -95 CITY OF AVENTURA POLICE CAPITAL OUTLAY IMPACT FEE FUND 140 CATEGORY SUMMARY 2011/12 This fund was created to account for impact fees derived from new developments and restricted by Ordinance for Police capital improvements. This fund provides a funding source to assist the City in providing police services required by the growth in the City. REVENUE PROJECTIONS OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. ,-. -, 104! 11; , 2008/09 2009M0 - 2010111 2010H1 2011/12 310000/319999 Locally Levied Taxes $ - $ - $ - $ 320000/329999 Licenses & Permits - - - 330000/339999 Intergovernmental Revenues - - - 340000/349999 Charges for Services - - 350000/359999 Fines & Forfeitures - - 3600001369999 Miscellaneous Revenues 15,714 220 8 380000/389999 Transferfrom Funds - - - - - 399900/399999 Fund Balance - 16.337 16,557 16,557 16,557 Total Axailzble $ 15.714 116,457, $ 16,557 $ 16,565 $ 16,657 EXPENDITURES OBJECT APPROVED HALFYEAR C17YMANAGER CODE ACTUAL ACTUAL BUDGEr ACTUAL PROPOSAL< NO. CATEGORY RECAP 2008/09 2009/10 2010/11 2010/11 2011/12 1000/2999 Personal Services $ - $ - $ - $ - $ 3000 /3999 Contractual Services - 4000/4999 Other Charges & Services - 5000 /5399 Commodities - 5400/5999 Other Operating Expenses Total Operating Expenses - 6000 /6999 Capital Outlay 8,091 16,557 - 16,557 a f!TOW 640tt119lult 2 -96 CITY OF AVENTURA REVENUE PROJECTIONS REVENUE PROJECTION RATIONALE 3632000 Police Impact Fees — Represents fees collected from new development to pay for additional police and capital equipment costs caused by the impact of the development on services and the community. 2 -97 Miscellaneous Revenues 3611000 Interest $ 133 $ 119 $ - $ 8 $ - 3632200 Police Impact Fees 15,581 101 - Subtotal 15,114 220 8 Fund Balance 3999000 Carryover - 16,337 16,557 16,557 16,557 Subtotal 16,337 - Total Revenues EXPENDITURES 2001 -521 OBJECT APPROVED CODE ACTUAL ACTUAL BUDGET AG"l ' ` [, ° " 1 NO. CATEGORY RECAP 2008/09 2009/10 2010/11 2010/11 2011/12 CAPITAL OUTLAY Public Safety 6410 Equipment $ 8,091 $ - $ - $ Subtotal, 8,091 CAPITAL OUTLAY Public Safety 6999 Capital Reserve 6 5 5- 16,557 Subtotal 16,557 � - 16,557 TatalKpldut ? $ 1,557 $ 16,557 REVENUE PROJECTION RATIONALE 3632000 Police Impact Fees — Represents fees collected from new development to pay for additional police and capital equipment costs caused by the impact of the development on services and the community. 2 -97 DEVELOPMENT FUND Wfl CITY OF AVENTURA CATEGORY SUMMARY 2011/12 t This fund is used to account for revenues and expenditures specifically earmarked for capital improvements to the City's park system. The fund will account for impact fees derived from new developments and restricted by Ordinance for Park capital improvement projects. REVENUE PROJECTIONS 310000/319999 Locally Levied Taxes $ $ $ $ M 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues - 340000/349999 Charges for Services - - 350000/359999 Fines & Forfeitures - - 360000/369999 Miscellaneous Revenues 5,302 2,237 1 - 380000/389999 Transfer from Funds - - - 399900/399999 Fund Balance - 490,930 2,246 2,246 2,246 Total Available $ 5,302 $ 493,167 $ 2,246 $ 2,247 $ 2,246 EXPENDITURES 1000/2999 Personal Services $ - $ $ $ $ 3000 /3999 Contractual Services - - - 4000/4999 Other Charges & Services - - - 5000 /5399 Commodities - - - 5400/5999 Other Operating Expenses - - Total tape psnses *41 - - 6000 /6999 Capital Outlay 9000/9999 Transfers 31,928 192,721 2,246 250,000 298,200 - 2 -99 2,246 OBJECT CODE NO. CATEGORY RECAP CITY OF AVENTURA PARK DEVELOPME 2011112 REVENUE PROJECTIONS PkG 1 UAL t5UU1.2t I Pit, I UAL rKVrVZAL 2009110 2010/11 2010111 2011/12 Miscellaneous Revenues 3611000 Interest $ 5,302 $ 2,237 $ $ 1 $ 3632700 Recreation Impact Fees - - - Sutttttt# 6,302 3999000 Carryover 490,930 2,246 2,246 2,246 Subtotal - 490,930 2,246 2,246 2,24$ Total Revenues $ 5,302 $ 493,167 $ 2,246 $ 2,247 $ 2,246 EXPENDITURES 5001 -572 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009110 2010/11 2010111 2011112 TRANSFERS -90 -701 Non - Departmental - 590 7001 Transfer to Arts Center Con Fun 250,000 298,200 Subtotal Total Expenditures REVENUE PROJECTION RATIONALE 3632700 Recreation Impact Fees — This represents the amount anticipated from park impact fees required from new residential development in the City. 2 -100 CAPITAL OUTLAY Community Services 6203 Waterways Park Improv. $ 8,919 $ 5,994 $ $ c. 6204 Waterways Dog Park Improv. - - 6206 Veterans Park Modifications 19,914 186,727 6313 Country Club Dr. Tennis Court 3,095 - Subttstai 311928 192,721 CAPITAL OUTLAY Community Services 6999 Capital Reserve 2.246 2,246 Subtotal 2,246 2,246 TRANSFERS -90 -701 Non - Departmental - 590 7001 Transfer to Arts Center Con Fun 250,000 298,200 Subtotal Total Expenditures REVENUE PROJECTION RATIONALE 3632700 Recreation Impact Fees — This represents the amount anticipated from park impact fees required from new residential development in the City. 2 -100 911 FUND 2-101 CITY OF AVENTURA 911 PUNS 180 CATEGORY SUMMARY 2011/12 FUND DECFIt'1EiCN This fund is used to account for revenues and expenditures specifically earmarked for the City's emergency 911 system in accordance with Florida Statutes 365.172. The funds may be used to provide emergency dispatch systems, training, communication, maintenance and repairs and related capital outlay purchases. The fund offsets a portion of the emergency 911 operations. REVENUE PROJECTIONS OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010/11 2010/11 2011/12 3100001319999 Locally Levied Taxes $ - $ - $ $ - $ - 320000/329999 Licenses & Permits - - - - 330000/339999 Intergovernmental Revenues 258,795 173,703 223,000 88,638 211,650 3400001349999 Charges for Services - - - - - 3500001359999 T=ines & Forfeitures - - - 360000/369999 Miscellaneous Revenues - - - 380000/389999 Transfer from Funds - - - - 399900 /399999 Fund Balance - 123,216 55,004 55,004 - i EXPENDITURES 1000/2999 Personal Services $ $ $ - $ - $ 3000 /3999 Contractual Services - - - 4000 /4999 Other Charges & Services 96,563 114,105 105,004 61,718 120,000 5000 /5399 Commodities - 30 4,000 100 4,000 5400/5999 Other Operating Expenses 2,439 2,780 5,000 2,427 5,400 Total Opera** 6cperrses 99,002 11 6000 16999 Capital Outlay - - - - - 9000/9999 Transfers 94,000 125,000 164,000 82,000 82,250 T 1 �r�lit�res � � 11� 3,002 � 241 . 2 -102 CITY OF AVENTURA X11 FUND 180 2011/12 REVENUE PROJ ECTIONS OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL! NO. CATEGORY RECAP 2008109 2009/10 2010M1 2010111 2011M2'' Fund Balance 3999000 Carryover - 123,216 55,004 55,004 Total Revenues EXPENDITURES 2001 -521 NO. CATEGORY RECAP 2008109 2009110 OPERATING OTHER CHARGES & SERVICES 4001 Travel & Per Diem $ 2,998 $ 2,025 $ 5,000 $ 1,000 $ 5,000 4101 Communications 39,285 21,872 45,000 34,761 60,000 4645 R&M - Equipment 54,280 90,208 55,004 25,957 55,000 Subtotal 96,563 114,105 10A04',, 4018 120;1 0 COMMODITIES 5120 Computer Operating Supplies - 2,000 - 2,000 5290 Other Operating Supplies 30 2,000 100 2,000 W 4 )Otl 4,000 OTHER OPERATING EXPENSES 5410 Subscriptions & Memberships 240 360 - 390 400 5450 Training 2,199 2,420 5,000 2,037 5,000 WaOrin>r n..W.M� Public Safety - 2001 -521 6999 Capital Reserves - - TRANSFERS - 90 -901 9101 Transfer to General Fund 94,000 125,000 164,000 82,000 82,250 ' Tota#Ex . 2 -103 REVENUE PROJECTION RATIONALE 3379110/111 911 Fees — This represents the amount anticipated for 911 fees collected by the State in accordance with Florida Statues 365.172. EXPENDITURE JUSTIFICATIONS 4101 Communications — Costs paid to Bellsouth for selective routing of 911 calls and associated fees. 4645 R &M Equipment — Funds allocated to this account will be used for repair and maintenance of 911 equipment. 5450 Training — Costs associated with this account are related to maintain state standards and having a highly trained dispatch function. 9101 Transfer to General Fund — Funds offset a portion of the emergency 911 Communication Officers costs. 2 -104 DEBT SERVICE FUNDS 2 -105 CITY OF AVENTURA DEOT StRV€CE FUND CATEGORY SUMMARY 2011/12 tfND ISGRQIh1 These funds are established to account for revenues and /or transfers pledged for debt service payments on long term financing. REVENUE PROJECTIONS OBJECT APPROVED HALFYEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010/11 2011112 310000/319999 Locally Levied Taxes $ - $ - $ - $ - $ - 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 3400001349999 Charges for Services 350000/359999 Fines & Forfeitures - - - 3600001369999 Miscellaneous Revenues 25,976 26,390 - 12,640 - 380000/389999 Transfer /Debt Proceeds 2,680,587 13,732,062 8,272,278 6,580,837 2,567,910 399900/399999 Fund Balance - 20,793 15,535 15,535 - Tota1 Available $ 2,706,563 $ 13,779,245 $ 8,287,813 $ 6,609,012 $ 2,567,910 EXPENDITURES OBJECT APPROVED HALFYEAR CITY MANAGER'' CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010111 2010111 2011112 1000/2999 Personal Services $ - $ - $ - $ - $ - 3000 /3999 Contractual Services 400014999 Other Charges & Services 5000 /5399 Commodities 5400/5999 Other Operating Expenses Total Operating Expenses - - - - - 6000/6999 Capital Outlay - - - - - 700017999 Debt Service 2,706,178 13,615,306 8,287,813 6,802,621 2,567,910 9000/9999 Transfers - - - - - T0tal EX{a* l9ure8 2,706,179' $ 13x$15,301$ $,2 &T,81$ " < i�r I . ', 8, 67 910 ; 2 -106 CITY OF AVENTURA MIIIIIIIIIIIIIII CATEGORY SUMMARY 2011/12 This fund was established to account for debt service payment expenditures associated with the long term financing for the purchase of properties utilized for public parks and the permanent Government Center and the construction of the Government Center. The original debt issued in 1999 was refinanced in 2010 and 2011. REVENUE PROJECTIONS OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 _ 2008110 2010111 2010111 2011112 310000/319999 3200001329999 330000/339999 340000/349999 350000/359999 3600001369999 3800001389999 399900/399999 Locally Levied Taxes Licenses & Permits Intergovernmental Revenues Charges for Services Fines & Forfeitures Miscellaneous Revenues Transfer /Debt Proceeds Fund Balance Total Available 1000/2999 Personal Services 3000 /3999 Contractual Services 4000 14999 Other Charges & Services 5000/5399 Commodities 540015999 Other Operating Expenses T0ta1 ";7t j1908 08 600016999 Capital Outlay 7000/7999 Debt Service 1,348,779 12,252,096 6,929,988 6,124,541 1,207,734 9000/9999 Transfers - - - - - -_. 4 f .F, ..,rtt a, ., , �!1i $ ' 1,348,779 $ 12,252,096 $ 6,929,888 $ 6,124,541 $ 1,207,734 2 -107 Total NO. Miscellaneous Revenues 3611000 Interest DEBT SERVICE Subtotal Non - Departmental - 590 Transfer /Debt Proceeds 3811001 Transfer from General Fund 3842000 Bond Proceeds 3850100 Proceeds from Refunding Bonds Interest Fund Balance 3999000 Carryover Total NO. CATEGORY RECAP DEBT SERVICE Non - Departmental - 590 0100 Payment to Refunded Bond 7130 Advance Refunding Escrow 7130 Principal 7230 Interest 7330 Other Debt Service Costs Total Expenditures " $ 281 $ ?04 a 5 �- 281 104 1,345,341 1,867,459 1,349,462 10,385,000 5,565,000 - 1 EXPENDITURES 9001 -590 ACTUAL ACl 1 7 _ r 2010/11 ACTUAL PROPOSAL �j, 2010111 2011/12 336,928 1,207,734 5,565,000 15,526 - II $ $ 10,321,560 $ 5,505,000 $ 5,505,000 $ 520,000 - - - 495,000 515,000 540,000 336,928 650,000 846,018 816,402 804,988 222,613 557,734 7,761 79,134 80,000 60.000 - REVENUE PROJECTION RATIONALE 3811001 Transfer From General Fund — Amount transferred from the General Fund to fund debt service costs. BUDGET JUSTIFICATIONS 7130 Principal — Principal payment due 4/1/2012 on the Bank Qualified Loan which refinanced the construction of the Government Center as well as refund the line of credit which paid the costs of acquiring the Park and Government Center site. 7230 Interest — Interest payments due on the loan which will be payable on 4/1/2012 and 10/11/2012. 2 -108 0/10 FBO O[DeeM Principal CITY OF LOAN DEBT Bank C Relu -o ncipal LpupOn AVENTURA SERVICE FUND 230 -11le0 Loan -dn Ser1ee.10 2904001.90. - 230-8001490 73-30 In[ereet Debt "t Annual Debt Sl- Date X111 FBO InhraA PNncipal CITY OF AVENTURA LOAN DEBT SERVICE FUND 230 Bank Dua11- L.., R <N.ding B-A, Ser1es2011 Pri-IM 2304001490.7240 O[Ner 230.001490.]940 Coupon Infers• Depl BerWCe Annual 2010 FBO Date CITY 8 2011 COMBINED ReN -g B-A, 7301'./ OMeer+ Principal OF AVENTURA LOAN DEBT SERVICE nk Oualllle0 Loa n 5 --2010 B 230- D E901140 90.10 3]0- 9001.80.7340 areal 12222,113.2.1 FUND 290 2011 C-c-d Debi SerWCe Deet Annual se7wee 4M/1 /2011 f - 3430% E 0 § 8 11 $ 1.5473.10 0/1 /2011 $ - $ 3 >.13110 § 37,13110 $�M 3].13). 10 1 $ - $ f 13.20 $ 22x,61330 10/12011 - 1)],583 59 0]],58350 10,1 /2011 101,x83.. '101.203.00 10.1 /2011 x]8,866.50 2)8,666.50 1n8M2 4/1/2013 .3.490.. 445, 3,20% in 683.60 ID23050 30.50 170,13060 fi15,n0.50 )85,46700 10/133013 .18013 - 230.000.00 - 3.610% 1M,9pgg .7,21900 9],2)800 :'lri,9q.{0 91,21. BO 32],2)900 4273,558.00 tliM$II 10/132013 .1/2013 NB�abm - 673,0. W 41{,9130 2fi>,509.50 26],509.50 q�,M{.N. 27..960 942.609.50 1.EB2,]$3,09 10/112013 4/1/2014 455,000.00 - 3420% 1fi2,fi2100 162,62100 tfix,62100 61],62100 ]80,242.00 10/18013 0/132014 - 240000.00 - 364% 0,.300 93,093 DO 9309300 33309300 426.186.00 10/1.2013 0/132014 69500000 255)14.00 x55)14.00 255.714.00 950]19.00 1,21001900 720542800 10/11201/ 154,840.50 I.. 50 10/18014 - - 88,)2500 88,)25.00 10/1/2014 - x43585.30 243.Sfi5.I 4/1/2015 4]0,000.00 3.420% 1548/050 6x4,840.50 ])9,881.00 .132015 255.000.00 3640% 80,)x5.00 313.)x5.00 432050.00 Nt /x015 7x5.000.00 243,56550 980,565.50 1,x12,13100 10/1/2015 - - 1.13.50 148803.50 10/133015 - - 81.00100 80.00400 1.1 /x015 - 2308815o 230,88].50 4/1/2016 485,000.00 3.420% 146,803.50 631,803.50 ]]8,80].00 0/112018 260.00000 3.610% 84.081.00 3H.084. 020.1fi600 .1/2016 ]45.000.(0 230,88).50 ]5,88].30 1,206,]]500 10/1/2018 - - 138,51000 138,510.00 10/1/2016 - - ]9.35200 )9.35200 1.1/2018 2t)Bfi2.W3 21],882.00 4/1/201) 505000.00 3420% 130,510 DO 643,510.00 ]82,020.00 0/11201) 2]0,000.00 3610% ]9,352. DO 348,35200 428,)01.00 0/11201] ])5,000.00 21) %2.00 992.862.00 1,210,)24.00 1011/201) /1112018 525.000.00 - 3.420% 129,8)450 129.874.50 129,8]450 651.8]4.50 7.749.00 1.112011 N112018 - 230.000.00 - 3.640% )4438.00 ]4,4.Do ]4438.00 354438.00 420,0)600 10/11201] 0/112018 805,000.00 2.,31x.50 204,31250 201,31 22.60 1,009,312.50 1,213,62500 10/1/2010 - - 120,897.00 120.89].00 10/13201. - - 69,342.00 69.34200 10/11291. - 1.239.. 180,x3900 1/1/2019 515.000.00 3420% 120097.00 885.89].00 -, -7 78]94.00 0/112019 285,000.00 3810% .. -2 DO 354.34200 423,.400 0/1/X119 830,00000 190,239.00 1,0x0.23900 1,210,4]800 10/1/2018 - - 11,5)).50 .So 10/112019 - - 64,15500 6415500 10/1;2019 - in, 732.50 1]5.731.60 4/1/2020 560.000.00 3420% 11,5)]50 6)1,5)].50 ]83.155.00 .18020 300,000.00 3640% 64,15600 364,15500 428310.00 .18020 860,000.00 1]5]32.50 1,035,73250 1211,465.00 10/1/2020 - - 102,00150 102,001.50 1.112020 - - 58,695.00 58,695.00 10/1/2020 180,896.50 160.6.50 41112021 575.000.00 3.420% 102.001.50 6)),001.50 ])9,003.00 0/112021 310000.00 3.640% 58,895.00 ?...500 42).39000 .11x021 SAS=00 180896.50 1,045.696.60 1,206. 393 00 1011/2021 - - 92,1..00 92,169.00 10/112021 - - 5305300 53.053 Do 10/1120x1 - 145,222.00 145.222.00 411/2022 101112022 595.000.00 3.420% 92,1.00 81,991.50 68],189.00 61,994.50 ))9,338.00 0/112022 10/180x3 3x0.00000 - 3.640% - 53,053.00 4),219.00 3)3053 DO 47 ]2900 42510600 .112022 1.1 2.2 915,000.00 148222.00 29,223.50 1,060,2x2.. 129.223.50 1208414.00 4/112023 615,00000 3420% .189450 69. So ]]8889.00 X18023 335,000.00 3610% 4),2x900 .2.229.00 429,58.00 X18023 - 950,000.00 129,213.50 1,0)9,223 so 1,208- 10/1/2023 - - ]1,4)600 )1,4)800 10'1/2023 - - 1,13200 1,132.. 10/1/2023 - 112,610.00 112810.00 4/1/2024 64000000 3420% 71 IS aD )11,)8 DO )8285600 X1/2024 - 5,000.00 3.640% 1,13200 388132.00 42),264.00 X1/2024 985000.00 112.610.00 709),fi1000 1,210,220 OD 1011/2024 - .,S. fi - Do iW1 /20- - - 31853 DO 31.853.00 1W1/2024 - 9538].00 %,177.1 4/1/2025 110011 3420% fi0534.00 7.53400 ]81,0fi600 X11.25 3fi0000.00 3.610% 34.853 DO 394.853.00 429.)06.00 .112025 1,020,000.lO 95.38].00 1 ,t 15.301.00 1,310,774.00 f0 /1 /2025 - - 19,248.00 49,24800 1.112025 - - 28.30100 28,331.00 171 /2015 )),519.00 ]1,54900 4/11x026 18500000 3.120% 4924800 )-,x4800 73,96.00 .18028 385.c. 00 3.810% 20,301.00 393301.00 421602.00 .180x6 1,05000000 ]],54900 1,12],549.00 1,205.090.00 10/1/3028 - - 5 -50 450 1W112028 - 21,85..00 21. %8.00 1.13x026 - 59,19250 59,192.50 4/1/30x7 70100000 3.420% 17,5 -.50 )42,534.50 70069.00 .1 /x02] 3.,000.00 3.610% 21,658.00 401,658.00 423,316. DO .1 /220x) 1,0.,(00 Do 59,192.50 1,_.192.50 1,203385.00 10/11202] 4/13x026 - 1 %,.000 - 3420% 25,4]9.00 25479.00 25,47900 ).,419 00 ]65,958.00 171 /302] 0/1/x028 395.000.00 - 3.610% 14.)42.00 14,)4200 11.]42.0(1 909,]4300 424,484.00 1.1/20x] 0/18020 - 1,13000000 40,231.00 40221.00 40231.00 1.1'221.Bg 1,210,44200 10 /1 /30x8 4/1/2029 ..coo 3420% 12,91050 12,910.50 1x,91050 1fi],91050 )80,821.00 10/133028 .1120x9 415.000.00 - 3.610% ].553.00 7,553. )55 300 422,553.00 43010fi.00 10/132028 0/18029 - 1,170000600 20,483.50 20,463.50 30,46350 1.190.463.50 1.210.92100 S $ 3,070,0..10 S 14,26$,050.10 $ 14,20,050.10 $ 5,665000 .00 S 2,168071.10 f 1,730,011.10 $ 7 { 18860,000.00 f 6 33,121.20 S 21,{81,121.20 S 21,989,131.20 2 -109 CITY OF AVENTURA CATEGORY SUMMARY 2011/12 This fund was established to account for debt service payment expenditures associated with the 2000 Loan which was used for the Community Recreation Center and the acquisition and construction of Waterways Park. 310000/319999 Locally Levied Taxes 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 340000/349999 Charges for Services 350000 1359999 Fines & Forfeitures 360000/369999 Miscellaneous Revenues 380000/389999 Transfer /Debt Proceeds 399900/399999 Fund Balance Total Available REVENUE PROJECTIONS EXPENDITURES 1000/2999 Personal Services $ $ $ $ $ 3000 13999 Contractual Services 4000/4999 Other Charges & Services 5000 /5399 Commodities 5400/5999 Other Operating Expenses Total0 perstit Expenses 6000 /6999 Capital Outlay 7000/7999 Debt Service 510,912 512,304 508,363 254,182 508,465 9000/9999 Transfers - - - - - Total Expenditures $ 310,912 $ 512,304 $ 508,363 $ 254,182 $ 508,465 2 -110 CITY OF AVENTURA 2000 LOAN DEBT SERVICE FUND 244 2011/12 REVENUE PROJECTIONS 3611000 Miscellaneous Revenues Interest $ 25,231 $ 25,484 $ - $ 12,600 $ Transfer /Debt Proceeds 3811001 Transfer from General Fund 490,669 628,705 508,363 254,182 508,465 3842000 Bond Proceeds - - - - - 3850100 Proceeds from Refunding Bonds - - Subtotal s, Ad�, k. Fund Balance 3999000 Carryover - 5,709 - Subtota{ Total Revenues. ., r EXPENDITURES 9001 -590 OBJECT CODE ACTUAL ACTUAL NO. CATEGORY RECAP 20EF DEBT SERVICE Non - Departmental - 590 0100 Payment to Refunded Bond $ $ $ $ $ 7130 Advance Refunding Escrow - 7130 Principal 270,000 285,000 295,000 147,500 310,000 7230 Interest 240,912 227,304 213,363 106,682 198,465 7330 Other Debt Service Costs - - - - - REVENUE PROJECTION RATIONALE 3811001 Transfer From General Fund — Amount transferred from the General Fund to fund debt service costs. BUDGET JUSTIFICATIONS 7130 Principal — Principal payment due 10/1/2012 on Bank Qualified Loan which financed the Community Recreation Center and the acquisition and construction of Waterways Park. 7230 Interest — Interest payments due on the loan which will be payable on 4/1/2012 and 10/1/2012. 2 -111 CITY OF AVENTURA 2000 LOAN DEBT SERVICE FUND 240 Bank Qualified Loan Capital Revenue Bonds, Series 2000 Principal 240 - 9001 - 590.71 -30 Interest 240 - 9001 - 590.72 -30 Other 240 - 9001 - 590.73 -30 Date Principal Coupon Interest Debt Service 10/1/2001 $ 220,000.00 5.050% $ 290,568.58 $ 510,568.58 10/1/2002 190,000.00 5.050% 319,917.50 509,917.50 10/1/2003 200,000.00 5.050% 310,322.50 510,322.50 10/1/2004 210,000.00 5.050% 300,222.50 510,222.50 10/1/2005 220,000.00 5.050% 289,617.60 509,617.60 10/1/2006 235,000.00 5.050% 278,507.50 513,507.50 10/1/2007 245,000.00 5.050% 266,640.50 511,640.50 10/1/2008 255,000.00 5.050% 254,267.50 509,267.50 10/1/2009 270,000.00 5.050% 241,390.00 511,390.00 10/1/2010 285,000.00 5.050% 227,755.00 512,755.00 10/1/2011 295,000.00 5.050% 213,362.50 508,362.50 10/1/2012 310,000.00 5.050% 198,465.00 508,465.00 10/1/2013 325,000.00 5.050% 182,810.00 507,810.00 10/1/2014 345,000.00 5.050% 166,397.50 511,397.50 10/1/2015 360,000.00 5.050% 148,975.00 508,975.00 10/1/2016 380,000.00 5.050% 130,795.00 510,795.00 10/1/2017 395,000.00 5.050% 111,605.00 506,605.00 10/1/2018 415,000.00 5.050% 91,657.50 506,657.50 10/1/2019 435,000.00 5.050% 70,700.00 505,700.00 10/1/2020 965,000.00 5.050% 48,732.50 1,013,732.50 $ 6,555,000.00 $ 4,142,709.18 $10,697,709.18 Notes: - the City has no legal debt limit. - General Obligation Debt requires approval by voter referendum. - Other debt requires Commission approval by a Simple Majority (4 of 7 Commissioners). The Series 2000 Revenue Bonds are bank qualified debt, secured solely by a covenant to budget and appropriate the required debt service payments each year. This loan is structured the same as a serial bond issue with principal payments due on October 15Y and semi - annual interest payments due on April 15Y and October 11t of each year with the final maturity on October 1, 2020. Debt service requirements average approximately $535,000 per year over the 20 -year life of the obligation. The interest rate is locked at 5.05 %. 2 -112 CITY OF AVENTURA 2002 LOAN DEBT SERVICE FUND 250 CATEGORY SUMMARY 2011/12 FUND DESCRIPTION This fund was established to account for debt service payment expenditures associated with the 2002 Loan which was used to acquire property for the Charter School and partially fund the Community Recreation Center. REVENUE PROJECTIONS OBJECT APPROVED HALFYEAR CITYMANAGER'' CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010/11 2011112 I 310000/319999 Locally Levied Taxes $ - $ - $ - $ 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 340000/349999 Charges for Services 350000/359999 Fines & Forfeitures - - 360000/369999 Miscellaneous Revenues 5 2 - 380000/389999 Transfer /Debt Proceeds 400,577 404,120 403,709 201,855 404,780 399900/399999 Fund Balance - 25 9 9 - TotalAvailable $ 400,582 $ 404,147 $ 403,# $ 404,780 = EXPENDITURES OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009110 2010111 2010111 2011112 1000/2999 Personal Services $ - $ $ 5 $ 3000/3999 Contractual Services 4000/4999 Other Charges & Services 5000/5399 Commodities 5400/5999 Other Operating Expenses Total Operating Expenses - - 600016999 Capital Outlay - 700017999 Debt Service 402,062 404,138 403,718 200,312 404,780 9000/9999 Transfers - - - - - Total Expenditures $ 402,062 $ 404,138 $ 403,718 $ 200,312 $ 404,780 2 -113 CITY OF AVENTURA 2002 LOAN DEBT SERNr . g 2011/12 REVENUE PROJECTIONS • a Mks i'3 �, a �,f "� "; n �� "��'� sIDES • Miscellaneous Revenues 3611000 Interest $ 5 $ 2 $ - $ $ Transfer /Debt Proceeds 3811001 Transfer from General Fund 400,577 404,120 403,709 201,855 404,780 3842000 Bond Proceeds - - - - - 3850100 Proceeds from Refunding Bond6 subtcitaly�u 404,120 403,7os1 4I�4s780 r Fund Balance 3999000 Carryover 25 9 9 Total Revenues EXPENDITURES 9001 -590 CODE ACTUAL 'ACTUAL BUDGET ACTUAL PR NO. CATEGORY RECAP 2008/09 2009M 0 2010/11 2010fjA"jw, =x REVENUE PROJECTION RATIONALE 3811001 Transfer From General Fund — Amount transferred from the General Fund to fund debt service costs. BUDGET JUSTIFICATIONS 7130 Principal — Principal payment due 8/1/2012 on the Loan which financed the acquisition of the charter school site and the balance of Community /Recreation Center. 7230 Interest — Interest payments due on the loan which will be payable on 2/1/2012 and 8/1/2012. 2 -114 DEBT SERVICE Non - Departmental - 590 " 0100 Payment to Refunded Bond $ $ $ $ $ 7130 Advance Refunding Escrow - 7130 Principal 148,854 155,943 160,668 80,334 167,756 7230 Interest 245,764 241,061 235,550 117,775 229,524 7330 Other Debt Service Costs 7,444 7,134 7,500 2,203 7,500 "itlRal $ 402,062 $ 404,138 403,71-8 $ ,3T gA i 404,780 " REVENUE PROJECTION RATIONALE 3811001 Transfer From General Fund — Amount transferred from the General Fund to fund debt service costs. BUDGET JUSTIFICATIONS 7130 Principal — Principal payment due 8/1/2012 on the Loan which financed the acquisition of the charter school site and the balance of Community /Recreation Center. 7230 Interest — Interest payments due on the loan which will be payable on 2/1/2012 and 8/1/2012. 2 -114 CITY DEBT SERVICE SCHEDULE - FUND #250 Date Principal Coupon Interest Debt Service 8/112003 $ - 0.000% $ 38,174.53 $ 38,174.53 8/112004 21,844.12 2.500% 43,216.45 64,860.57 8/1/2005 22,030.62 2.100% 42,675.35 64,705.97 8/112006 22,417.13 2.500% 42,212.70 84,629.83 8/112007 23,190.13 2.750% 41,652.28 84,842.41 S/1/20D8 23,576.63 3.125% 41,014.55 64,591.18 8/112009 24,349.64 3.375% 40,277.78 64,627.41 811/2010 25,509.14 3.825% 39,455.96 64,965.12 8/112011 26,282.15 3.750% 38,531.27 64,813.42 81112012 27,441.66 3.800% 37,645.69 64,987.34 811/2013 28,214.66 4.000% 36,502.91 64,717.57 8/1/2014 29,374.16 4.1 DD% 35,374.32 64,748.49 8/1/2015 30,920.17 4.200% 34,169.98 85,090.15 8/1/2016 32,079.68 4.300% 32,871.33 64,951.01 811/2017 33,625.69 4.4DD% 31,491.91 65,117.60 8/112018 27,828.16 4.875% 30,012.38 57,840.53 811/2019 29,374.16 4.875% 28,855.75 58,029.92 811/2020 30,920.17 4.875% 27,223.76 58,143.94 811/2021 32,079.68 4.875% 25,718.41 57,796.09 811/2022 34,012.19 4.875% 24,152.52 58,164.71 811/2023 35,558.20 5.0110% 22,494.43 58,052.63 811/2024 37,490.71 5.000% 20,716.52 58,207.23 811/2025 39,423.22 5.000% 18,841.98 58,265.20 811/2028 41,355.73 5.000% 16,870.82 58,226.55 811/2027 43,288.24 5.000% 14,803.03 58,091.28 811/2028 45,607.26 5.000% 12,838.62 58,245.88 8/1/2029 47,928.27 5.000% 10,358.26 58,284.53 8/1/2030 50,631.78 5.000% 7,961.94 58,593.73 811/2031 52,950.80 5.000% 5,430.36 58,381.15 811/2032 55,656.31 5.000% 2,782.82 58,439.13 $ 974,756.48 $ 843,826.62 $1,818,585.08 Nofe" -the City has no legal debt limit. CITY OF AVENTURA 2002 LOAN DEBT SERVICE FUND 250 Florida Intergovernmental Finance Commission Capital Revenue Bonds, Series 2002 LAND ACQUISITION DEBT SERVICE SCHEDULE - FUND #250 Date Principal Coupon Interest Debt Service 811/2003 $ - 0.000% $ 195,194.20 $ 195,194.20 811/2004 110,670.83 2.5009/6 220,974.56 331,645.39 811/2005 112,647.09 2.100°/6 218,207.79 330,854.88 8/112006 114,623.35 2.500% 215,842.20 330,465.56 8/112007 118,575.88 2.750% 212,978.62 331,552.50 611/2008 120,552.15 3.125% 209,715.78 330,267.93 811/2009 124,504.68 3.375% 205,948.52 330,453.20 8/1/2010 130,433.47 3.625% 201,746.50 332,179.97 8/1/2011 134,386.00 3.7509% 197,018.28 331,40418 811/2012 140,314.80 3.600% 191,978.81 332,293.60 8/1/2013 144,267.33 4.000% 186,646.84 330,914.17 8/112014 150,196.12 4.100% 180,876.15 331,072.27 6/1/2015 156,101.18 4.200% 174,718.11 332,819.29 8/112016 154,029.97 4.3009/b 168,077.86 332,107.83 6/1/2017 171,935.03 4.400% 161,024.57 332,959.60 811/2018 142,291.06 4.875% 153,459.43 295,750.49 811/2019 150,196.12 4.875% 146,522.74 296,718.88 811/2020 158,101.18 4.875% 139,200.68 297,301.86 811/2021 164,029.97 4.875% 131,49125 295,52122 811/2022 173,911.30 4.875% 123,496.78 297,408.08 811/2023 181,816.36 5.000% 115,018.61 296,634.96 81112024 191,897.68 5.0009% 105,927.79 297,625.47 811/2025 201,579.00 5.000% 96,342.91 297,921.91 811/2026 211,460.33 5.000% 86,263.96 297,724.28 811/2027 221,341.65 5.0009% 75,690.94 297,032.59 811/2028 233,199.24 5.000°% 64,623.86 297,823.10 811/2029 245,056.83 5.000% 52,963.89 298,020.72 811/2030 258,890.68 5.000% 40,711.05 299,601.73 81112031 270,748.27 5.000% 27,766.52 298,514.79 811/2032 284,582.12 5.000% 14,229.11 298,811.23 S 4.984,139.66 $ 4,314,666.32 $ 9,298,797.98 - General Obligation Debt requires appromel by voter referendum. - Other debt requires Commission approval by a Simple Majority (4 of 7 Commissioners). The Series 2002 Revenue Bonds were financed through the Florida Intergovernmental Finance Commission. The loan issecured solely by cove nant to budget and appropriate the required debt service payments each year. This loan is structured the same as a serial bond issue with principal payments due August 1•'and interest payments due on February 1" and August 1" of each year with the final maturity on August1,2032. Debt service requ ire ments ave rage approximately $850,000 peryearove r the 30 -year life ofthe obligation. Theinterestrate varies from 2.5 %to 5.0% depending on the maturity date. 2 -115 Principal 250-9001-590.71-30 Interest 2503001690.7230 Other 2503001690.7330 2002 LOAN DEBT SERVICE FUND - FUND #250 Date Principal Coupon Interest Debt Service 8/1/2003 $ - 0.000% $ 233,368.73 $ 233,368.73 8/1/2004 132,314.95 2.500% 264,191.01 396,505.96 8/1/2005 134,677.71 2.100% 260,883.14 395,560.85 811/2006 137,040.48 2.500% 258,054.91 395,095.39 8/1/2007 141,766.01 2.750% 254,628.90 396,394.91 8/112008 144,128.78 3.125% 250,730.33 394,859.11 811/2009 148,854.31 3.375% 246,226.30 395,080.62 8/1/2010 155,942.62 3.625% 241,202.47 397,145.09 8/1/2011 160,668.15 3.750% 235,549.55 396,217.70 8111201.2 167,75645 3.800% 229,824.50 397,280.96 8/1/2013 172,481.98 4.000% 223,149.75 395,631.74 8/112014 179,570.28 4.1 DD% 216,250.47 395,820.76 8/112015 189,021.35 4.200% 208,888.09 397,909.44 8/112016 196,109.65 4.300% 200,949.19 397,058.85 8/112017 205,560.72 4.400% 192,516.48 398,077.20 8/1/2018 170,119.22 4.875% 183,471.81 353,591.02 8/1/2019 179,570.28 4.875% 175,178.50 354,748.78 8/1/2020 189,021.35 4.875% 186,424.44 355,445.80 8/112021 196,109.65 4.875% 157,209.65 353,319.31 811/2022 207,92149 4.875% 147,649.30 355,572.79 811/2023 217,374.55 5.000% 137,513.03 354,887.59 811/2024 729,188.39 5.000% 126,644.31 355,832.70 8/1/2025 241,002.22 5.000% 115,184.89 356,187.11 8/1/2026 252,816.06 5.000% 103,134.78 355,950.83 8/1/2027 284,629.89 5.000% 90,493.97 355,123.86 8/1/2028 278,806.49 5.000% 77,262.48 356,068.97 8/1/2029 292,983.10 5.000% 63,322.15 356,305.25 8/1/2030 309,522.46 5.000% 48,673.00 358,195.46 8/1/2031 323,699.07 5.000% 33,196.87 356,895.94 8/1/2032 340,238.43 5.000% 17,011.92 357,250.36 $5,958,898.12 $5,158,484.94 $ 11,117,383.06 CITY OF AVENTURA CATEGORY SUMMARY 2011/12 310000/319999 Locally Levied Taxes $ - $ $ $ $ 320000/329999 Licenses & Permits - 330000/339999 Intergovernmental Revenues - 340000/349999 Charges for Services - 350000/359999 Fines & Forfeitures - 360000/369999 Miscellaneous Revenues 459 800 33 380000/389999 Transfer/Debt Proceeds 444,000 446,778 445,744 222,872 446,931 399900/399999 Fund Balance - - - - - 7cta1 AtraNattie ' 4.44,4fS8 4?�5T8 ' 445.744 " 92;;906,,, $ 445.931 B(PENDITURES 1000/2999 Personal Services $ $ $ $ $ 3000 /3999 Contractual Services 4000 14999 Other Charges & Services 5000 /5399 Commodities 5400/5999 Other Operating Expenses 6000 /6999 Capital Outlay 7000/7999 Debt Service 444,425 446,768 445,744 223,586 446,931 9000/9999 Transfers - - - - - Total Fxperx2tures $ 444,425 $ 446,758 ,... ,, rW 233,585 ' 446031 2 -116 REVENUE PROJECTION RATIONALE 3811901 Transfer From Charter School Fund — Transfer of funds for lease payment from Charter School Fund for elementary school to fund debt service costs for construction of school. BUDGET JUSTIFICATIONS 7130 Principal — Principal payment due 8/1/2012 on the Loan which financed the acquisition of the charter school site and the balance of Community /Recreation Center. 7230 Interest — Interest payments due on the loan which will be payable on 2/1/2012 and 8/1/2012. 2 -117 CITY OF AVENTURA SERVICE FUND 290 2011/12 REVENUE PROJECTIONS APPROVED HALFYEAR CITY MANAGER" CODE - ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL 9110 2010111 2010111 2011112 Miscellaneous Revenues 3611000 Interest $ 459 $ 800 1$ - $ 33 $ - Subtotal 459 800 - 33 Transfer /Debt Proceeds 3811001 Transfer from General Fund - - - 3811901 Transfer from Charter School Fund 444,000 446,778 445,744 222,872 446,931 3842000 Bond Proceeds - - - - - 3850100 Proceeds from Refunding Bonds - - - 1000 4401778 446 74 4, 446,931 Fund Balance 3999000 Carryover - - - - - EXPENDITURES 9001 -590 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010111 2011/12 DEBT SERVICE Non - Departmental - 590 0100 Payment to Refunded Bond $ - $ - $ - $ $ - 7130 Advance Refunding Escrow - - - 7130 Principal 166,146 174,057 179,332 89,666 187,244 7230 Interest 275,290 269,213 262,912 131,456 256,187 7330 Other Debt Service Costs 2,989 3,498 3,500 2,464 3,500 REVENUE PROJECTION RATIONALE 3811901 Transfer From Charter School Fund — Transfer of funds for lease payment from Charter School Fund for elementary school to fund debt service costs for construction of school. BUDGET JUSTIFICATIONS 7130 Principal — Principal payment due 8/1/2012 on the Loan which financed the acquisition of the charter school site and the balance of Community /Recreation Center. 7230 Interest — Interest payments due on the loan which will be payable on 2/1/2012 and 8/1/2012. 2 -117 Date CITY OF AVENTURA FIFC LOAN DEBT SERVICE FUND 290 Florida Intergovernmental Finance Commission Capital Revenue Bonds, Series 2002 Principal 290 -9001 - 590.71 -30 Interest 290 -9001 - 590.72 -30 Other 290 - 9001-5 590.73 -30 Principal Coupon Interest Debt Service 8/1/2003 $ - 0.000% $ 260,477.55 $ 260,477.55 8/1/2004 147,685.05 2.500% 294,880.25 442,565.30 8/1/2005 150, 322.29 2.100% 291,188.12 441, 510.41 8/1/2006 152,959.52 2.500% 288,031.35 440,990.87 8/1/2007 158,233.99 2.750% 284,207.36 442,441.35 8/1/2008 160,871.22 3.125% 279,855.93 440,727.15 8/1/2009 166,145.69 3.375% 274,828.70 440,974.38 8/1/2010 174,057.38 3.625% 269,221.29 443,278.67 8/1/2011 179,331.85 3.750% 262,911.71 442,243.56 811/2012 187,243.55 3.800% 256,186.76 443,430.31 8/1/2013 192, 518.02 4.000% 249, 071.51 441, 589.52 8/1/2014 200, 429.72 4.100% 241, 370.79 441, 800.50 8/1/2015 210, 978.65 4.200% 233,153.17 444,131.82 8/1/2016 218, 890.35 4.300% 224, 292.07 443,182.41 8/1/2017 229, 439.28 4.400% 214, 879.78 444, 319.06 8/1/2018 189, 880.78 4.875% 204, 784.45 394, 665.24 8/1/2019 200,429.72 4.875% 195,527.76 395,957.48 8/11/2020 210, 978.65 4.875% 185, 756.82 396, 735.46 8/11/2021 218, 890.35 4.875% 175, 471.61 394, 361.95 8/11/2022 232, 076.51 4.875% 164, 800.70 396, 877.21 8/1/2023 242,625.45 5.000% 153,486.97 396,112.41 8/11/2024 255, 811.61 5.000% 141, 355.69 397,167.30 8/11/2025 268, 997.78 5.000% 128, 565.11 397, 562.89 8/1/2026 282,183.94 5.000% 115,115.22 397,299.17 8/1/2027 295, 370.11 5.000% 101, 006.03 396, 376.14 8/1/2028 311,193.51 5.000% 86,237.52 397,431.03 8/1/2029 327,016.90 5.000% 70,677.85 397,694.75 8/1/2030 345,477.54 5.000% 54,327.00 399,804.54 8/1/2031 361, 300.93 5.000% 37, 053.13 398, 354.06 8/11/2032 379, 761.57 5.000% 18, 988.08 398, 749.64 $ 6,651,101.88 $ 5,757,710.26 $ 12,408,812.14 Notes. - the City has no legal debt limit. - General Obligation Debt requires approval by voter referendum. - Other debt requires Commission approval by a Simple Majority (4 of 7 Commissioners). The Series 2002 Revenue Bonds were financed through the Florida Intergovernmental Finance Commission. The loan is secured solely by a covenant to budget and appropriate the required debt service payments each year. This loan is structured the same as a serial bond issue with principal payments due August 1st and interest payments due on February 11t and August 1st of each year with the final maturity on August 1, 2032. Debt service requirements average approximately $850,000 peryear overthe 30 -year life of the obligation. The interest rate varies from 2.5% to 5.0% depending on the maturity date. 2 -118 CAPITAL CONSTRUCTION FUNDS 2 -119 CITY OF AVENTURA CAPITAL CONSTRUCTION FUND - A" &'C,Q , „ „RAI. Ct�hITER CATEGORY SUMMARY 2011/12 FUND DESCRIPTION I This fund was established to account for revenues and expenditures used to fund the construction and equipment for the Arts & Cultural Center. REVENUE PROJECTIONS 310000/319999 Locally Levied Taxes $ $ $ $ $ 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 2,359,690 2,053,195 340000/349999 Charges for Services - - 350000/359999 Fines & Forfeitures 360000/369999 Miscellaneous Revenues - - 380000/389999 Transfer /Debt Proceeds 2,250,000 954,385 - 399900/399999 Fund Balance - 1,676,838 - - `i'w.iii'�iatn EXPENDITURES NO. CATEGORY RECAP 1000/2999 Personal Services $ $ $ $ $ 3000/3999 Contractual Services 4000/4999 Other Charges & Services 5000/5399 Commodities - - - 5400/5999 Other Operating Expenses - - - - 6000/6999 Capital Outlay 2,932,852 4,684,418 7000/7999 Debt Service - - 9000/9999 Transfers - - Total Expenditures $ 2,932,852 $ 4,684,418 $ - $ - $ 2 -120 - 4 0 STORMWATER UTILITY FUND 2 -121 CITY OF AVENTURA Irli�VIIIIIVIVI `� ,I#"tlilltluFtt� 4 try CATEGORY SUMMARY 2011/12 FUND DESCRIPTION This fund is used to account for revenues and expenditures specifically earmarked for the construction and maintenance of the City's stormwater drainage system. REVENUE PROJECTIONS OBJECT APPROVED HALFYEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL =, T 1EiY RECAP 2008109 204 2010111 2010/11 2011/12 310000/319999 Locally Levied Taxes $ $ $ - $ - $ - 320000/329999 Licenses & Permits - 330000/339999 Intergovernmental Revenues 107,364 175,303 - 61,226 - 340000/349999 Charges for Services 801,532 842,867 841,458 303,584 841,458 350000/359999 Fines & Forfeitures - - - - - 360000/369999 Miscellaneous Revenues 2,567 3,320 379 380000/389999 Transfer from Funds - - - 399900/399999 Fund Balance - - - - - Tow EXPENDITURES OBJECT _ APPROVED HALFYEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008/09 2009/10 2010111 2010/11 _ 2011112 1000/2999 Personal Services $ - $ - $ - $ - $ - 3000/3999 Contractual Services 383,015 556,609 535,000 345,477 500,000 4000/4999 Other Charges & Services - - - - - 5000/5399 Commodities - - 5400/5999 Other Operating Expenses 256,603 271,998 I"+35 :. 346 ,. , $00,000 6000/6999 Capital Outlay 11,557 14,644 306,458 41,266 341,458 9000/9999 Transfers - - - - - ' X%4 11 881,178 `,2111 84# .► 841,45lt, 2 -122 CODE NO. ' CATEGORY GORY RECAP CITY OF AVENTURA STORMWATER UTILITY FUND 410 A 2011112 REVENUE PROJECTIONS 2008109 2009/10 2010/11 EXPENDITURES 5001 OBJECT APPROVED HALFYEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009110 2010/11 2010/11 2011112 Intergovernmental Revenues 3343605 State Grant $ 107,364 $ 175,303 $ - $ 61,226 $ - Subtota! Community Services -538 Charges for Services 3110 Prof. Services - Engineering $ 3439110 Stormwater Utility Fees 801,532 842,867 841,458 303,584 841,458 3450 Subtotal 156,466 164,501 250,000 191,070 Miscellaneous Revenues 3460 Street Maint. /Drainage 162.481 3611000 Interest 2,567 3,320 379 - Subtotal Subtotal 2,567 3,320 - 379 $001000 OTHER OPERATING EXPENSES Fund Balance 3999000 Carryover - - - - Subtota! - - Total Revenues $ Community Services -538 911,463 $ 1,021,490 $ 841,458 $ 365,189 $ -= 841,458 EXPENDITURES 5001 OBJECT APPROVED HALFYEAR CITYMANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009110 2010/11 2010/11 2011112 2 -123 Operating CONTRACTUAL SERVICES Community Services -538 3110 Prof. Services - Engineering $ 64,068 $ 135,327 $ 75,000 $ 67,261 $ 90,000 3450 Lands Maint. - Streets 156,466 164,501 250,000 191,070 200,000 3460 Street Maint. /Drainage 162.481 256;781 210,000 87,146 210,000 Subtotal 383,015 556,609 535,000 345,477 $001000 OTHER OPERATING EXPENSES 5915 Depreciation 256,603 271,998 - - - CAPITAL OUTLAY Community Services -538 6306 Drainage Improvements 11,557 14,644 200,000 41,266 200,000 ' 200,00 CAPITAL OUTLAY Community Services 6999 Capital Reserve - - 106,458 - 141,458 2 -123 REVENUE PROJECTION RATIONALE 3439110 Stormwater Utility Fees — It is proposed to maintain the Stormwater fee at $2.50 /ERU to fund the required drainage improvements. The revenue amount is based on 29,217 ERUs at 96 %. CAPITAL PROJECT DESCRIPTION COMMUNITY SERVICES 6306 Drainage Improvements — Funds have been budgeted for maintenance improvements. 2 -124 POLICE OFFDUTY SERVICES FUND 2-125 CITY OF AVENTURA CATEGORY SUMMARY 2011/12 This Fund was established to account for revenues and expenditures associated with services provided by off duty Police Officers in private customer details to the various businesses and condominium associations. 310000/319999 Locally Levied Taxes 320000/329999 Licenses & Permits 330000/339999 Intergovernmental Revenues 340000/349999 Charges for Services 350000 /359999 Fines & Forfeitures 360000/369999 Miscellaneous Revenues 380000/389999 Transfer from Funds 399900/399999 Fund Balance Total Available REVENUE PROJECTIONS 268,640 228,387 240,000 118,216 240,000 $ 268,640 $ 228,387 $ 240,000 $ 118,216 $ 240,000 EXPENDITURES 1000/2999 Personal Services $ 218,877 $ 203,055 $ 240,000 $ 107,550 $ 240,000 3000 /3999 Contractual Services - - - - - 4000/4999 Other Charges & Services - 5000/5399 Commodities - 5400/5999 Other Operating Expenses - - - - - Total Operating Expenses 218,877 203,055 240,000 107,550 240,000 6000/6999 Capital Outlay - - - - Total Expenditures $ 218,877 $ 203,055 $ 240,000 $ 107,550 $ 240,000 2 -126 CITY OF AVENTURA POLICE OFFDUTY SERVICES FUND 620 e. 2011/12 REVENUE PROJECTIONS OBJECT APPROVED CODE ACTUAL ACTUAL BUDGET NO, CATEGORY RECAP 2008/09 2009M 0 2010/11 2010/11 2011/121 Charges for Services 3421100 Police Detail Billing $ 268,640 $ 228,387 $ 240,000 $ 118,216 $ 240,000 EXPENDITURES 2001 -521 OBJECT APPROVED HALF YEAR CITY MANAGER CODE ACTUAL ACTUAL BUDGET ACTUAL PROPOSAL NO. CATEGORY RECAP 2008109 2009/10 2010/11 2010111 2019/12 PERSONAL SERVICES Public Safety 1420 Extra Duty Detail Total Expenditures $ 218,877 $ 203,055 $ 240,000 $ 107,550 $ 240,000 $ 218,877 $ 203,055 $ 240,000 $ 107,550 $ 240,000 REVENUE RATIONALE 3421100 Police Detail Billing — Estimated amount of revenue generated by off -duty details in the City's business and residential communities. 2 -127 SUMMARY OF IMPROVEMENT PROGRAM 3 -1 CAPITAL IMPROVEMENT PROGRAM 2011 —2016 HIGHLIGHTS • Road maintenance projects that total $3,100,000 to resurface asphalt and enhance safety are included NE 185th Street, NE 188th Street, NE 191St Street, Country Club Drive, NE 207th Street, NE 213th Street and Biscayne Lake Gardens. • Utilizes a stormwater utility program to maintain drainage systems throughout the City. A total of $1,000,000 has been earmarked during the five -year period. • Funds improvements to Founders Park including shade covers for the bleachers, replacing splashpad water features and exercise equipment at a cost of $136,000. • Includes the construction a second level to the parking area adjacent to the Government Center to provide higher ground for police vehicles and accommodate additional parking at a cost of $2,175,000. • Provides funding in the amount of $1,500,000 to complete, over a three year period, the street lighting upgrade project along the eastside of Biscayne Boulevard. • Provides the necessary equipment to continue to provide high quality and effective police services. • Continues the implementation of technology improvements and management information systems to enhance the productivity and efficiency of City operations. • Ensures that the tools of production, vehicles, equipment and technology, are available for City operations. 3 -2 PURPOSE OF THE CAPITAL IMPROVEMENT PROGRAM The purpose of the CIP is to establish a long term plan of proposed capital expenditures, the means and methods of financing, and a schedule of priorities for implementation. In order to determine the impact on the City's operating budget, debt service and the general trend of future expenditures, the City Commission will be provided with the advantage of a CIP document as a point of reference and estimated long -term budget plan. In accordance with the State's Growth Management Act, the City is required to undergo this process in order to meet the needs of its Comprehensive Plan. The CIP is an official statement of public policy regarding long -range capital development within the City. A capital improvement is defined as a capital expenditure of $5,000 or more, resulting in the acquisition, improvement or addition to fixed assets in the form of land, buildings or improvements, more or less permanent in character, and durable equipment with a life expectancy of more than one (1) year. In addition, equipment that has a value of $5,000 or less is also included in this document for budgetary purposes. The CIP lists proposed capital projects to be undertaken, the year in which they will be started, the amount expected to be expended in each year and the method of financing these projects. Based on the CIP, a department's capital outlay portion of the annual Operating Budget will be formulated for that particular year. The CIP document also communicates to the citizens, businesses and interested parties the City's capital priorities and plan for implementing projects. The five -year CIP is updated annually to add new projects in the fifth year, to re- evaluate the program and project priorities in light of unanticipated needs, and to revise recommendations to take account of new requirements and new sources of funding. Capital Improvement programming thus becomes a continuing part of the City's budgeting and management procedures. The annual capital programming process provides the following benefits The CIP is a tool for implementing the City's Comprehensive Plan. 2. The CIP process provides a mechanism for coordinating among projects with respect to function, location, and timing. 3. The yearly evaluation of project priorities ensures that the most crucial projects are developed first. 4. The CIP process facilitates long -range financial planning by matching estimated revenue against capital needs, establishing capital expenditures and identifying the need for municipal borrowing and indebtedness within a sound long -range fiscal framework. The sound fiscal policy that results from this process will have a positive impact on the City's bond rating. 3 -3 5. The impact of capital projects on the City's operating budget can be projected. 6. The CIP serves as a source of information about the City's development and capital expenditures plan for the public, City operating departments and the City Commission. LEGAL AUTHORITY A capital programming process to support the comprehensive plan is required by the Local Government Comprehensive Planning and Land Development Regulations, incorporated as Chapter 163, Florida Statues. DEVELOPMENT OF THE CAPITAL IMPROVEMENT PROGRAM The City's capital programming process began in January when operating departments were required to prepare requests for all proposed capital projects anticipated during the period of 2011 - 2016. A CIP Preparation Manual and related forms were distributed to all departments for this purpose. In February, departmental prioritized project requests were submitted to the City Manager's Office. Department Directors were asked to justify projects in terms of benefits derived, necessity to health, safety and welfare of the City, enhancement to City plans and policies, need of residents and funding. Projects were prioritized on the basis of Urgency, Necessity, Desirability and Deferability. The City Manager reviewed departmental requests and conducted individual meetings with Department Directors. The departmental requests were prioritized and the five -year schedule of projects was compiled into document form by the City Manager. The methods of financing and revenue sources were then prepared by the Finance Director and City Manager and were incorporated into the CIP document. At this point, the proposed CIP is submitted to the City Commission and public for review. In order to facilitate public involvement, public hearings and community meetings will be held to unveil and review the CIP document prior to the adoption of a Resolution approving the CIP in principle. 3 -4 CAPITAL IMPROVEMENT PROGRAM POLICIES 1. Annually, the City will prepare a five -year capital improvement program analyzing all anticipated capital expenditures and identifying associated funding sources. Future capital expenditures necessitated by changes in population, changes in development, growth, redevelopment or changes in economic base will be calculated and included in the Capital update process. 2. The City will perform all capital improvements in accordance with an adopted CIP. 3. The classification of items as capital or operating will be determined by two criteria - cost and frequency. Generally, a capital project has a "useful life" of more than one (1) year and a value of $5,000 or more. In addition, equipment that has a value of $5,000 or less is also included in the document for budgetary purposes. 4. The City will coordinate development of the capital improvement budget with the development of the operating budget. Future operating costs associated with new capital improvements will be projected and included in the operating forecasts. 5. The first year of the five -year capital improvement program will be used as the basis for formal fiscal year appropriations during the annual budget process. 6. The City will maintain all of its assets at a level adequate to protect the City's capital investment and to minimize future maintenance and replacement costs. 7. The City will identify the estimated cost of capital projects and prepare a funding projection that considers revenues and operating costs to be included in the Capital Improvement Program document that is submitted to the City Commission for approval. 8. The City will determine the most appropriate financing method for all new projects. 9. If appropriate, the City will attempt to maintain a mixed policy of pay -as- you -go and borrowing against future revenues for financing capital projects. 10 The City will maintain ongoing maintenance schedules relating to road, sidewalk and drainage system improvements. 11. The City will address and prioritize infrastructure needs on the basis of protecting the health, safety and welfare of the community. 12. A CIP preparation calendar shall be established and adhered to. 13. Capital projects will conform to the City's Comprehensive Plan. 14. Long -term borrowing will not be used to fund current operations or normal maintenance. 15. The City will strive to maintain an unreserved General Fund Fund Balance at a level not less than 10% of the annual General Fund revenue. 16. If new project appropriation needs are identified at an interim period during the fiscal year, the funding sources will be identified and mid -year budget amendments will be utilized to provide formal budgetary authority. In addition budget amendments may be utilized to increase appropriations for specific capital projects. 3 -5 PREPARING THE CAPITAL BUDGET The most important year of the schedule of projects is the first year. It is called the Capital Budget and is adopted separately from the five -year program as part of the annual budget review process. Based on the CIP, each department's capital outlay portion will be formulated for that particular year. Each year the CIP will be revised and another year will be added to complete the cycle. Capital Improvement Programming thus becomes a continuing part of the City's budget and management process. The Capital Budget is distinct from the Operating Budget. The Capital Budget authorizes capital expenditures, while the Operating Budget authorizes the expenditure of funds for employee salaries, supplies and materials. Through the City's amendment process, changes can be made to the adopted Capital Budget during the fiscal year. A request for amendment is generated by an operating department based on an urgent need for new capital project or for additional funding for a previously approved project. The request is reviewed by the Finance Director and City Manager and, if approved by the City Manager, a budget amendment is presented to the City Commission. LOCATING A SPECIFIC CAPITAL PROJECT The Capital Improvement Program is divided into five (5) program areas as follows Beautification and Parks (BP) Transportation, Drainage and Infrastructure Improvements (TDI) Public Buildings and Facilities (PBF) Information /Communication Technology (ICT) Capital Equipment Purchase & Replacement (CE) Each project in the Capital Improvement Program has a unique project number. This project number appears at the beginning of the individual project descriptions and the Summary by Year tables. The first digit refers to functional category priority number assigned by the City Manager. The final digits outline the individual department requesting the project. For example, project TDI -1 -CS is Transportation, Drainage and Infrastructure Improvements project number one which was requested by the Community Services Department. 3 -6 SUMMARY OF PROPOSED APPROPRIATIONS BY FUNDING SOURCE The following table reflects the distribution of all proposed projects to the funding source or mechanism, which is appropriate for funding the projects for each of the five (5) years of the program. Table 2 Capital Improvement Program 2011/12 — 2015/16 Summary by Funding Source Funding Source 2011/12 2012/13 2013/14 2014/15 2015/16 TOTAL General $ 2,100,700 $ 3,428,000 $ 1,410,000 $ 1,014,200 $ 1,027,000 $ 8,979,900 Stormwater Utility 200,000 200,000 200,000 200,000 200,000 1,000,000 Parks Development 0 0 0 Charter School 127,000 91,500 129,000 131,000 123,000 601,500 Federal Funding 0 0 0 Transportation Fund 808,000 685,000 770,000 480,000 557,000 3,300,000 11 $ 3,235,700 $ 4,404,500 $ 2,509,000 $ 1,825,200 $ 1,907,000 $ 13,881,400 The proposed funding plan involves a commitment to "pay -as- you -go" annual appropriations established in yearly budgets and does not include additional long term debt. Funding Source Summary General 65% Fund 24% 3 -8 tormwater Utility 7% Charter School 4% SUMMARY OF PROJECTS BY LOCATION AND YEAR The following outlines the major projects by location and the year they are proposed to be funded: Location Table 3 Capital Improvement Program 2011/12 - 2015/16 Summary by Location Transportation Park Improvements Improve Founders Park Improvements NE 185"' Street/NE 31th Avenue 2011/12 NE 188th Street 2011/12 NE 191 Street 2011112 Country Club Drive 2012-2014 NE 207"' Street 2014/15 NE 213"' Street 2015/16 Biscay Boulevard Lighting Improv. 2011 -2014 Biscayne Lake Gardens 2015/16 2011 -2015 3 -9 SUMMARY OF FINANCING PLAN MODEL Detailed funding plans for individual funds of the City are enclosed herein in the following sections. The following represents an overview of the major points of the recommended funding plan: 1. Utilize "pay - as - you - go" financing through annual appropriations to fund the total five year amount of $13,881,400. No additional debt is recommended. 2. Adjusts property tax revenues based on projected lower property assessments caused by the economic downturn. RECAP OF AVAILABLE RESOURCES vs PROPOSED APPROPRIATIONS GENERAL FUND CAPITAL IMPROVEMENT PROGRAM TOTAL PROJECTED AVAILABLE RESOURCES PROJECTED OPERATING EXPENDITURES DEBT SERVICE REQUIREMENTS SUBTOTAL - EXPENDITURES BALANCE Less CIP APPROPRIATIONS AMOUNT NEEDED FROM CIP RESERVE OR NEW REVENUES 2011/12 2012/13 2013/14 2014/15 2015/16 $30,869,440 $31,680,603 $32,433,067 $33,365,474 $34,214,613 27,151,881 28,298,568 29,492,235 30,755,051 32,098,786 2,121,000 2,121,000 2,121,000 2,121,000 2,121,000 29,272,881 30,419,568 31,613,235 32,876,051 34,219,786 1,596,559 1,261,034 819,832 489,423 (5,173) 2,100,700 3,428,000 1,410,000 1,014,200 1,027,000 $ (504,141) $ (2,166, 966) $ (590,168) $ (524, 777) $ (1,032,173) IMPACT OF CAPITAL PROJECTS ON OPERATING BUDGET In the 5 -year Capital Improvement Program there are no projects that have a significant impact on the City's operating budget. The majority of the projects are considered maintenance of infrastructure or equipment replacement or purchase. 3 -10 TABLE 1 PROPOSED BEAUTIFICATION AND PARK FACILITIES IMPROVEMENTS PROJECTS SCHEDULED FOR 2011/12 - 20015/16 SUMMARY BY YEAR D- r ^011,11,12 1 R ! v "WIS Total BPI Founders Park Improvements CS $ 74,000 $ - $ 25,000 $ 25,000 $ 12,000 $ 136,000 BP2 City -wide Beautification Improvements CS 7,800 7,800 7,800 7,800 7,800 39,000 Totals $ 81,800 $ 7,800 $ 32,800 $ 32,800 $ 19,800 $ 175,000 TABLE 2 PROPOSED BEAUTIFICATION AND PARK FACILITIES IMPROVEMENTS PROJECTS SCHEDULED FOR 2011/12 - 20015/16 FUNDING PLAN BPI Founders Park Improvements CS 136,000 136,000 BP3 City -wide Beautification Improvements CS 39,000 39,000 Totals 175,000 $ - $ 175,000 3 -11 TABLE 1 PROPOSED TRANSPORTATION, DRAINAGE AND INFRASTRUCTURE IMPROVEMENTS PROJECTS SCHEDULED FOR 2011/12 - 20015/16 SUMMARY BY YEAR TDI1 Stormwater Drainage Improvements CS $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 200,000 $ 1,000,000 TDI2 Biscayne Boulevard Street Lighting CS 500,000 500,000 500,000 - - 1,500,000 TDI3 Road Resurfacing Program CS 608,000 685,000 770,000 480,000 557,000 3,100,000 Totals $ 1,308,000 $ 1,385,000 $ 1,470,000 $ 680,000 $ 757,000 $ 5,600,000 TABLE 2 PROPOSED TRANSPORTATION, DRAINAGE AND INFRASTRUCTURE IMPROVEMENTS PROJECTS SCHEDULED FOR 2011112 - 20015/16 FUNDING PLAN �CIIP # Project Title Dept # Stormwater utility Total . General Fund .. Fund Federal Funding TD11 Stormwater Drainage Improvements CS $ 1,000,000 $ 1,000,000 TD12 Biscayne Boulevard Street Lighting CS 1,500,000 $ 1,300,000 $ 200,000 TDI3 Road Resurfacing Program CS 3,100,000 - - 3,100,000 Totals $ 5,600,000 $ 1,000,000 $ 1,300,000 $ 3,300,000 $ 3 -12 CIP # TABLE 1 PROPOSED COMMUNICATIONS AND COMPUTERS EQUIPMENT PROJECTS SCHEDULED FOR 2011112- 2015/16 SUMMARY BY YEAR Project Title Dept # 2011/12 2012113 2013/14 2014t15 2015116 To ICT1 Police Computers Systems <$5000 PD 110,000 100,000 114,000 120,000 173,000 617,000 ICT2 Central Computer System >$5000 IT 105,000 120,000 135,000 155,000 170,000 685,000 ICT3 Radios and E911 System PD 703,000 60,000 60,000 55,000 55,000 933,000 ICT4 Computer Equipment <$5000 ACES 105,000 71,500 99,000 86,000 88,000 449,500 ICT5 Computer Equipment >$5000 ACES 22,000 20,000 30,000 45,000 35,000 152,000 ICT6 Computer Equipment <$5000 IT 6,000 6,000 6,000 6,000 6,000 30,000 ICT7 Computer Equipment <$5000 F 2,000 2,000 2,000 6,000 2,000 14,000 ICT8 Computer Equipment <$5000 CM 4,000 0 2,000 - - 6,000 ICT9 Computer Equipment <$5000 CS 22,400 10,000 13,100 24,400 15,800 85,700 ICT10 Computer Equipment <$5000 CD 3,500 3,800 4,100 3,600 4,300 19,300 ICT11 Computer Equipment <$5000 AACC 0 5,000 6,000 6,500 - 17,500 ICT12 Computer Equipment CC 0 - - 3,000 - 3,000 Totals $1,082,900 $ 398,300 $ 471,200 $ 510,500 $ 549,100 $ 3,012,000 TABLE 2 PROPOSED COMMUNICATIONS AND COMPUTERS EQUIPMENT PROJECTS SCHEDULED FOR 2011/12- 2015/16 FUNDING PLAN ZIP # Project Title Dept. General School Charter ICT1 Police Computers Systems <$5000 PD 617,000 617,000 ICT2 Central Computer System >$5000 IT 685,000 685,000 ICT3 Radios and E911 System PD 933,000 933,000 ICT4 Computer Equipment <$5000 ACES 449,500 449,500 ICT5 Computer Equipment >$5000 ACES 152,000 152,000 ICT6 Computer Equipment <$5000 IT 30,000 30,000 ICT7 Computer Equipment <$5000 F 14,000 14,000 ICT8 Computer Equipment <$5000 CM 6,000 6,000 ICT9 Computer Equipment <$5000 CS 85,700 85,700 ICT10 Computer Equipment <$5000 CD 19,300 19,300 ICT11 Computer Equipment <$5000 AACC 17,500 17,500 ICT12 Computer Equipment CC 3,000 3,000 $ 3,012,000 $ 2,410,500 $ 601,500 Totals 3 -14 TABLE 1 PROPOSED CAPITAL EQUIPMENT PURCHASE AND REPLACEMENT PROJECTS SCHEDULED FOR 2011/12 - 2015/16 SUMMARY BY YEAR Project Dept. r 13/14 2014115 2015116 CE1 Vehicle Purchase & Replacements PD 430,000 449,100 384,100 410,000 395,000 2,068,200 CE2 Equipment Purchase and Replacement >5000 PD 120,000 88,000 74,000 100,000 79,000 461,000 CE3 Equipment Purchase and Replacement <5000 PD 21,500 49,800 16,400 26,900 24,100 138,700 CE4 Equipment Purchase and Replacement >5000 CS 14,000 6,000 58,000 45,500 55,500 179,000 CE5 Equipment Purchase and Replacement <5000 CS 2,500 2,000 2,500 19,500 6,500 33,000 CE6 Equipment Purchase and Replacement >5000 AACC 18,500 - - - 18,500 CE7 Equipment Purchase and Replacement >5000 CD - - - - 21,000 21,000 Totals $ 588,000 $ 613,400 $ 535,000 $ 601,900 $ 581,100 $ 2,919,400 TABLE 2 PROPOSED CAPITAL EQUIPMENT PURCHASE AND REPLACEMENT PROJECTS SCHEDULED FOR 2011/12 - 2015/16 FUNDING PLAN �CIP # CE1 Project Title Vehicle Purchase & Replacements Dept. PD 2,068,200 General 2,068,200 CE2 Equipment Purchase and Replacement >5000 PD 461,000 461,000 CE3 Equipment Purchase and Replacement <5000 PD 138,700 138,700 CE4 Equipment Purchase and Replacement >5000 CS 179,000 179,000 CE5 Equipment Purchase and Replacement <5000 CS 33,000 33,000 CE6 Equipment Purchase and Replacement >5000 AACC 18,500 18,500 CE7 Equipment Purchase and Replacement >5000 CD 21,000 21,000 Totals 2,919,400 2,919,400 3 -15 CITY OF AVENTURA CAPITAL OM AY 2011/12 IMPACT OF CAPITAL PROJECTS ON OPERATING BUDGET ROUTINE ESTIMATED OBJECT CITY MANAGER ANNUAL USEFULE ANNUAL OPERATING BUDGET IMPACT CODE APPROVAL CAPITAL LIFE NO. CATEGORY RECAP 2011 /12 EXPENDITURE (YEARS) PERSONNEL OPERATING TOTAL IMPACT OF CAPITAL PROJECTS ON OPERATING BUDGET In the five year Capital Improvement Program there are no projects that have a significant impact on the City's operating budget. The majorityof the projects are considered maintenance of infrastructure or equipment replacement orpurchase. 3 -16 001 -BOXX City Manager's Office - 05 -512 6402 Computer Equipment <$5,000 $ 4,000 Yes 4 $ $ $ Finance - 10 -513 6402 Computer Equipment <$5,000 2,000 Yes 4 Information Technology. - 12 -513 6401 Computer Equipment >$5,000 105,000 No 4 6402 Computer Equipment <$5,000 6,000 Yes 4 Public Safety - 20- 521 6402 Computer Equipment <$5,000 110,000 No 4 6405 E911 Equipment 15,000 No 5 6407 Radio Purchase & Replace. 688,000 No 5 6410 Equipment >$5,000 120,000 No 5 6411 Equipment <$5,000 21,500 Yes 5 6450 Vehicles 430,000 Yes 4 Community Development - 40 -524 6402 Computer Equipment <$5,000 3,500 Yes 4 Community Services - 50- 53915411572 6402 Computer Equipment <$5,000 22,400 Yes 4 6410 Equipment >$5,000 14,000 Yes 5 6411 Equipment <$5,000 2,500 Yes 5 6301 Beautification Projects 7,800 No 5 6307 Street Lighting Improv. 300,000 No 10 " 6310 Aventura Founders Park 74,000 No 10 Non - Departmental - 90 -590 6206 Gov't Center Garage Expansion 175,000 No 25 6999 Capital Reserve 15,193,488 N/A NIA N/A N/A N/A ANNPORTATIDN AND STREET I4!lUNTENANI PUN( 1 :' Community Services - 50 -541 6305 Road Resurfacing 608,000 Yes 10 6307 Street Lighting Improv. 200,000 Yes 10 ' Toni s r �P Ipl I Tt� �" M 11I Community Services - 538 6306 Drainage Improvements 200,000 Yes 10 IMPACT OF CAPITAL PROJECTS ON OPERATING BUDGET In the five year Capital Improvement Program there are no projects that have a significant impact on the City's operating budget. The majorityof the projects are considered maintenance of infrastructure or equipment replacement orpurchase. 3 -16 GLOSSARY 4-1 Account A term used to identify an individual asset, liability, expenditure control, revenue control, encumbrance control or fund balance. Accounting System The total structure of records and procedures which discover, record, classify, summarize and report information on the financial position and results of operations of a government or any of its funds, fund types, balanced account groups or organizational components. Accrual Recognizes the financial effect of transactions or events when they occur, regardless of the timing of related cash flows. Ad Valorem Taxes Taxes levied on all real and certain personal property, tangible and intangible, according to the property's assessed valuation. Amortization The reduction of debt through regular payments of principal and interest sufficient to retire the debt instrument at a predetermined date known as maturity. Appropriation An authorization granted by a legislative body to make expenditures and to incur obligations for specific purposes. An appropriation is limited in amount to the time it may be expended. Assessed Valuation A valuation set upon real estate or other property by the County Assessor and the State as a basis for levying taxes. 4 -2 Assets Cash, receivables or capital assets listed within the balance sheet. Balance Sheet Basic financial statement that describes the basis of accounting used in its preparation and presentation of a specified date in the entity's assets, liabilities and the remaining fund balance or fund equity. Balanced Budget A budget is balanced when current expenditures are equal to receipts. Bond A written promise, generally under seal, to pay a specified sum of money, called the face value, at a fixed time in the future, called the date of maturity and carrying interest at a fixed rate, usually payable periodically. Note: The difference between a note and a bond is that the latter usually runs for a longer period of time and requires greater legal formality. Bonded Debt That portion of indebtedness represented by outstanding bonds. Budget A plan of financial operation embodying an estimate of proposed expenditures for a given period and the proposed means of financing them. Used without any modifier, the term usually indicates a financial plan for a single fiscal year. Budget Calendar A schedule of key dates that the City utilizes to prepare, adopt and administer the budget. Budget Message A general discussion of the proposed budget as presented in writing by the budget- making authority to the legislative body. Budgetary Control The control or management of a government or enterprise in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues. Represents the level of control at which expenditures may not exceed budget. Any revisions that alter the total expenditures of a department must be approved by the City Commission. Capital Budget A plan of proposed capital outlays and the means of financing them for the current fiscal period. Capital Construction Fund A fund established to account for bond proceeds and expenditures associated with the purchase of properties to be to be utilized for public parks, cultural center and the permanent Government Center and Police Station. Capital Improvement Program (CIP) A plan for capital expenditures to be incurred each year over a fixed period of years to meet capital needs arising from the long -term work program or otherwise. It sets forth each project or other contemplated expenditure in which the government is to have a part and specifies the full resources estimated to be available to finance the projected expenditures. 4 -3 Capital Outlays Non - recurring expenditures of an infrequent or unusual nature which may result in the acquisition /addition to the City's fixed capital assets or infrastructure. Capital Project Fund A fund established to account for the acquisition and construction of major capital facilities other than those financed by proprietary and trust funds. Carryover An existing fund balance that is projected to be available for use in the City's annual budgeted expenditures. Chart of Accounts The classification system used by the City to organize the accounting for various funds. Contingency An appropriation of funds available to cover unforeseen events that occur during the fiscal year. These funds, if not used, lapse at year -end. This is not the same as fund balance. Current Assets Assets that one can reasonably expect to convert into cash, sell or consume through operations within one (1) year. Current Liabilities Obligation whose liquidation is expected to require the use of existing resources classified as current assets or the creation of other current liabilities. Debt Service The payment of principal and interest on borrowed funds such as bonds. Debt Service Fund A fund established to finance and account for the accumulation of resources for and the payment of, general long -term debt principal and interest. Also called a SINKING FUND. Debt Service Requirements The amounts of revenue which must be provided for a debt service fund so that all principal and interest payments can be made in full and on schedule. Depreciation (1) Expiration in service life of fixed assets, other than wasting assets, attributable to wear and tear through use and lapse of time, obsolescence, inadequacy, or other physical of functional cause. (2) The portion of the cost of a fixed asset charged as an expense during a particular period. Note: The cost of a fixed asset is prorated over the estimated service life of such asset and each period is charged with part of such cost so that ultimately the entire cost of the asset is charged off as an expense. In governmental accounting depreciation may be recorded in proprietary funds and trust funds where expenses, net income and /or capital maintenance are measured. Designated Funds that have been identified for a specific purpose. This differs from reserved funds, in that there is no legal requirement for funds that have been designated. Designated Fund Balance A fund balance that is not used in the City's plans for annual budgetary expenditures which has been segregated by Commission authorization for a specific purpose. 4 -4 Encumbrances Obligations in the form of purchase orders, contracts or salary commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved. They cease to be encumbrances when paid or when the actual liability is set up. Enterprise Fund A fund established to finance and account for operations (1) that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or (2) where the governing body has decided that periodic determination of revenues earned, expenses incurred and /or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes. Examples of enterprise funds are those for utilities, swimming pools, airports, and solid waste services. Expenditures If the accounts are kept on the accrual basis this term designates total charges incurred, whether paid or unpaid, including expenses, provision for retirement of debt not reported as a liability of the fund from which retired and capital outlays. If they are kept on the cash basis, the term covers only actual disbursements for these purposes. Note: Encumbrances are not considered expenditures. Expenses Charges incurred, whether paid or unpaid, for operation, maintenance and interest and other charges which are presumed to benefit the current fiscal period. Note: Legal provisions sometimes make it necessary to treat as expenses charges whose benefits extend over future periods. For example, purchase of materials and supplies which may be used over a period of more than one (1) year and payments for insurance which may be used over a period of more than one (1) year and payments for insurance which is to be in force for a longer period than one (1) year frequently must be charged in their entirety to the appropriation of the year in which they are incurred and classified as expenses of that year even though their benefit extends to other periods. Fiscal Period Any period at the end of which a governmental unit determines its financial condition and the results of its operations and closes its books. Note: It is usually a year, though not necessarily a calendar year. Fiscal Year A twelve -month period of time to which the annual budget applies and at the end of which the City determines its financial position and results of operations. The City's fiscal year begins October 1 and ends September 30. Fixed Assets Land, buildings, machinery, furniture, or other equipment that have a useful life of more than one (1) year that cost more than $5,000. Franchise Fee Charges to service providers for exclusive /non - exclusive rights to operate within municipal boundaries. Examples include electric, gas, sanitation and towing. Fund An independent fiscal and accounting entity with a self - balancing set of accounts recording cash and /or other 4 -5 resources, together with all related liabilities, obligations, reserves and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions or limitations. Fund Accounts All accounts necessary to set forth the financial operations and financial condition of a fund. Fund Balance The excess of a fund's assets over its liabilities and reserves. General Fund The fund that is available for any legal authorized purpose and which is therefore used to account for all revenues and all activities except those required to be accounted for in another fund: Note: The General Fund is used to finance the ordinary operations of a governmental unit. Goal A statement of broad direction, purpose or intent based on the needs of the community. A goal is general and timeless; that is, it is not concerned with a specific achievement in a given period. Grant A contribution by one (1) governmental unit to another. The contribution is usually made to aid in the support of a specified function (e.g., education), but is sometimes also made for general purposes. Income This term is used in accounting for governmental enterprises and represents the excess of the revenues earned over the expenses incurred in carrying on particular phases of an enterprise's activities. As indicated elsewhere, the excess of the total revenues over the total expenses of the utility for a particular accounting period is called "net income." Infrastructure Public domain fixed assets including roads, bridges, curbs, gutters, sidewalks, drainage systems, lighting systems and other items that have value only to the City. Interest Income Revenue generated through the investment of fund balances. Interfund Transfers Administrative fees charged to other City funds for the provision of administration and other City services. Intergovernmental Revenue Revenue received from or through the Federal, State or County government, including State Revenue Sharing, Alcoholic Beverage Tax, Sales Tax and Gasoline Taxes. Internal Service Fund A fund established to finance and account for services and commodities furnished by a designated department or agency to other departments or agencies within a single governmental unit or to other governmental units. Amounts expended by the fund are restored thereto, either from operating earnings or by transfers from other funds, so that the original fund's capital is kept intact. Inventory A detailed list showing quantities, descriptions, property values, units of measure and unit prices. Note: The term ., is often confined to consumable supplies but may also cover fixed assets. Liabilities Debts or obligations owed by one (1) entity to another entity payable in money, goods or services. Mill A taxation unit equal to one dollar of tax obligation for every $1,000 of assessed property value. Millage The total tax obligation per $1,000 of assessed property value. Mission Statement The statement that identifies the particular purpose and function of a department. Net Current Assets Excess value of securities, cash, receivables and other assets over the liabilities of the fund. Non - Departmental Activities, revenues and expenditures that are not assigned to a department. Objective Something to be accomplished in specific, well- defined and measurable terms and that is achievable within a specific time frame. Operating Budget A budget for general revenues and expenditures such as salaries, utilities and supplies. Ordinance A formal legislative enactment by the governing board of a municipality. Performance Budget A budget wherein expenditures are based primarily upon measurable performance of activities and work programs. Performance Workload Indicators Data collected to determine how effective and /or efficient a program is in achieving its objectives. Police Education Fund A special revenue fund used to account for revenues pursuant to Florida Statute 943.25 which allows municipalities to collect two dollars ($2.00) from each traffic citation for the purpose of criminal justice education and training for police officers. Police Offduty Services Fund A special revenue fund used to account for revenues and expenditures associated with services provided by off duty police officers in private customer details to the various businesses and condominium associations. Property Tax A tax levied on the assessed value of real and personal property. This tax is also known as ad valorem tax. Reserves The City's current year budgeted funds that are not planned to be expended. These reserves may "carryover" into the available fund balance of subsequent years. Retained Earnings The net value and accumulated annual financial resources of the City's Enterprise Fund. This balance also reflects the undepreciated values (or "book value ") of 4 -7 the Fund's fixed assets such as automobiles, equipment and buildings. Revenues Increases in governmental fund type net current assets from other than expenditure refunds and residual equity transfers. Rolled -Back Rate The operating millage rate required to raise the same ad valorem tax revenues as were levied in a prior year, exclusive of new construction, additions to structures, deletions and property added (e.g., annexations). Sales Tax Tax imposed on the purchase of goods and services. Special Revenue Fund A fund used to account for the proceeds of specific revenue sources that are legally restricted to expenditure for specified purposes. Taxable Value The assessed value less homestead and other exemptions, if applicable. Taxes Compulsory charges levied by a government for the purpose of financing services performed for the common benefit. This term does not include specific charges made against particular persons or property for current or permanent benefits such as special assessments. Transportation and Street Maintenance Fund A special revenue fund to account for restricted revenues and expenditures which by Florida Statutes are designated for street maintenance and construction costs. Truth in Millage The Florida Truth in Millage Act ( "TRIM ") serves to formalize the property tax levying process by requiring a specific method of tax rate calculation form of notice, public hearing requirements and advertisement specifications prior to the adoption of a budget tax rate. The effect of TRIM is to inform taxpayers that their property taxes are changing (up or down), the cause (a change in the assessed value of their property and /or an increase in the proposed spending level) and how the proposed new tax rate compares to the rate that would generate the same property tax dollars as the current year (the "rolled- back" rate). Unencumbered The portion of an allotment not yet expended or encumbered. Useful Life The period of time that a fixed asset is expected to operate. This can refer to a budgeted period of time for an equipment class or the actual amount of time for a particular item. User Charges or Fees The payment of a fee for direct receipt of public service by the party benefiting from the service. Utility Service Tax Taxes levied on consumer consumption of utility services provided in the City. The tax is levied as a percentage of gross receipts CITY OF "ENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, City Aar DATE: July 11, 2011 SUBJECT: Resolution Establishing Proposed Millage Rate 2011/12 Fiscal Year July 21, 2011 City Commission Meeting Agenda Item B RECOMMENDATION It is recommended that the City Commission adopt a millage rate of 1.7261 for fiscal year 2011/12. This rate includes no increase and in fact will result in tax savings to some residents whose taxable assessed value decreased. This will generate $11,955,146 based on an assessed value of $7,290,634,319. This is 0.6 more than the previous year. BACKGROUND Attached hereto is a Resolution that establishes the proposed millage rate for the 2010/11 fiscal year and public hearing dates. State statutes require the City to establish a tentative millage rate and the first public hearing date that will be transmitted to the County Property Appraisal Department. The County Property Appraiser issues a notice to all property owners in the City. The notice includes the proposed tax rates and public hearing dates for all government agencies imposing ad valorem taxes. A detail discussion of the requirements for setting the millage rate is contained in the memorandum attached hereto from our Finance Director. If you have any questions, please feel free to contact me. EMS /act Attachment CCO1748 -11 CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: Eric M. Soroka, City Manager, ICMA -CM FROM: Brian K. Raducci, Finance Director DATE: July 8, 2011 'V SUBJECT: Certification of Taxable Value /Public Hearing Dates DR-420 Certification of Taxable Value and Millage Rates On July 1, 2011, we received the 2011 Certification of Taxable Value — DR -420 (the "form" included as Exhibit 1) from the Miami -Dade County Office of the Property Appraiser. On line 4 of the form, the City's taxable value of $7,290,634,319 is reported. This value is approximately $125M higher than the estimated $7,166,000,000 that was tentatively reported to us on June 1, 2011 and approximately $46M or 0.64% higher than the $7,244,606,607 which was reported to us last year at the same time. The DR-420 includes a breakdown of the change in taxable value into two (2) segments. The first segment is the $33,596,714 increase in taxable value due to new construction (line 5 of the form). The second segment is the change which is due to a moderate increase in taxable value on existing property, possibly indicating that the City's overall property values may have "bottomed out." This increase of $405,673,370 (5.92 %) is computed by subtracting the $6,851,364,235 (line 7) from the 7,257,037,605 (line 6) of the form. The purpose of the form is for a taxing authority to calculate its "rolled -back rate." Section 200.065 (1) of the Florida Statutes, defines the rolled -back rate as that millage rate "which, exclusive of new construction, additions to structures, deletions, increases in the value of improvements that have undergone a substantial rehabilitation ....., will provide the same ad valorem tax revenue for each taxing authority as was levied during the prior year ......" The City's rolled -back rate for 2011 (FY 2011/12) is 1.6296 (line 16) of the form and is lower than the City's current millage rate of 1.7261. This rate is important because if we levy any rate above the 1.6296 rolled back rate, the City will be required to place a quarter page ad in the newspaper before the second public hearing on the budget and tax rate in September which is titled "NOTICE OF PROPOSED TAX INCREASE" and would also be required to include the statement that the proposed rate exceeds the rolled back rate by 5.92% in the ordinance adopting the millage rate which will be read at the two public hearings in September. DR- 420MM -P Maximum Millage Levy Calculation Preliminary Disclosure In addition, we must prepare the DR- 420MM -P (Exhibit II) to determine what other millage rates the City could adopt and by what level of Commission approval. For example: A.) Majority Vote (4 of 7 Commissioners) — a millage rate of 2.2170 mills (line 13 of the DR- 420MM -P) could be adopted B.) Two - thirds Vote (5 of 7 Commissioners) — a millage rate of 2.4387 mills (line 14 of the DR- 420MM -P) could be adopted Based on the current national, state and local economic conditions, the decision was made to hold our proposed millage rate to 1.7261 mills and has thus been utilized in preparing our FY 2011/12 Budget. This rate will require a majority vote of the City Commission to adopt. After a 5% reduction to cover early payment discounts of up to 4 %, plus 1 % for uncollectibility, the proposed millage rate will generate the $11,955,146 of ad valorem taxes reflected on page 2 -10 of the budget document. You will note that this amount is $75,476 more than the $11,879,670 budgeted last year based on the same rate of 1.7261 mills. By comparison, if the roll -back rate were adopted (1.6296), the City would generate $11,286,777 in ad valorem taxes a difference of $668,369 ($11,955,146 — $11,286,777). Public Hearing Dates Since we received the certification on July 1, state law requires us to hold two (2) public hearings between September 3`d and October 8th. The County Commission's first and second public hearings are scheduled for September 8t and September 20th respectively and the School Board's second public hearing is scheduled for September 7th. Our public hearing meeting dates cannot conflict with either the County Commission or School Board public hearing meeting dates. In addition, Labor Day is September 5th, our regular Commission meeting is September 6th and Rosh Hashanah begins at Sundown on September 28th. Therefore, the most logical dates for our hearings are: First public hearing 6:00 P.M., Tuesday, September 13th Second public hearing 6:00 P.M., Wednesday, September 21St Since we need to include the date of the first meeting on the Certification of Taxable Value, we need to have a commitment from the Mayor and Commission by no later than the July 21St budget review meeting. The information contained in the preceding paragraphs is based on my review of the Florida Department of Revenue's Manual of Instructions for TRIM Compliance and has been reviewed by the Department of Revenue to ensure statutory compliance. Please let me know if you any questions or comments pertaining to this memorandum. Exhibit I DR-420 CERTIFICATION OF TAXABLE VALUE R. 6/11 Rule 12DER11 -13 DEPARTNONT Florida Administrative Code Of REvENLIE Eff.6/11 Year: 2011 County: MIAMI -DADE Principal Authority: CITY OF AVENTURA Taxing Authority: CITY OF AVENTURA SECTION I : COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value of real property for operating purposes $ 7,077,860,162 (1) 2. Current year taxable value of personal property for operating purposes $ 211,496,757 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 1,277,400 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 7,290,634,319 (4) 5. Current year net new taxable value (Add new construction, additions, rehabilitative improvements increasing assessed value by at least 100 %, annexations, and tangible personal property value over 115% of the previous year's value. Subtract deletions.) $ 33,596,714 (5) 6. Current year adjusted taxable value (Line 4 minus Line 5) $ 7,257,037,605 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR -403 series $ 6,851,364,235 (7) 8' Does the taxing authority include tax increment financing areas? If yes, enter number of worksheets (DR- 420TIF) attached. If none, enter 0 YES NO Number 0 (8) 9. Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of DR- 420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0 YES NO Number 0 (9) Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. SIGN HERE Signature of Property Appraiser : Electronically Certified by Property Appraiser on 71112011 11:49 AM Date SECTION II : COMPLETED BY TAXING AUTHORITY If this portion of the form is not completed in FULL your taxing authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0 -. 10. Prior year operating millage levy (If prior year millage was adjusted then use adjusted millage from Form DR -422) 1.7261 per $1,000 (10) 11. Prior year ad valorem proceeds (Line 7 multiplied by Line 70, divided by 1,000) $ 11,826,140 (11) 12 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value (Sum of either Lines 6c or Line 7o for all DR- 420TIFforms) $ 0 (12) 13. Adjusted prior year ad valorem proceeds (Line 11 minus Line 12) $ 11,826,140 (13) 14. Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR- 420TIFforms) $ 0 (14) 15. Adjusted current year taxable value (Line 6 minus Line 14) $ 7,257,037,605 (15) 16. Current year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000) 1.6296 per $1000 (16) 17. Current year proposed operating millage rate 1.7261 per $1000 (17) 18 Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided by 1,000) $ 12,584,364 (18) Continued on page 2 DR -420 R. 6/11 Page 2 Instructions on page 3 ❑ County ❑ Independent Special District TYPE of principal authority (check one) (19) 19. ❑� Municipality ❑ Water Management District Applicable taxing authority (check one) ❑ Principal Authority ❑ Dependent Special District 20. (20) ❑ MSTU ❑ Water Management District Basin 21. Is millage levied in more than one county? (check one) ❑ Yes ❑✓ No (21) DEPENDENT SPECIAL DISTRICTS AND MST_ I , STOP HERE - SIGN AND SUBMIT 22. Enter the total ad valorem proceeds of the principal authority, all dependent special $ 11,826,140 (22) districts, and MSTUs at rolled -back rate. (Total of Line 13 from all DR -420 forms) 23• Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000) 1.6296 per $1,000 (23) 24. Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000) $ 11,880,818 (24) Enter total of all operating ad valorem taxes proposed to be levied by the principal 25. taxing authority, all dependent districts, and MSTUs, if any. (Total of Line 18 from all $ 12,584,364 (25) DR -420 forms) 26 Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied 1.7261 per $1,000 (26) by 1,000) Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by % (27) 27 Line 23, Min US 1, multiplied by 100) 5.92 First public Date : Time : Place: budget hearing 19200 W. Country Club Drive, Aventura, FL 33180 9/13/2011 6:00 PM (305) 466 -8920 1 certify the millages and rates are correct to the best of my knowledge. Taxing Authority Certification The millages comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. S Signature of Chief Administrative Officer : Date G N Title : Contact Name and Contact Title: BRIAN K. RADUCCI, FINANCE DIRECTOR H ERIC M. SOROKA, CITY MANAGER E Mailing Address: Physical Address: R 19200 W. COUNTRY CLUB DRIVE 19200 W. COUNTRY CLUB DRIVE E City, State, Zip: Phone Number: Fax Number AVENTURA, FL 33180 (305) 466 -8920 (305) 466 -8939 Instructions on page 3 MAXIMUM MILLAGE LEVY CALCULATION mt PRELIMINARY DISCLOSURE OF REVENUE For municipal governments, counties, and special districts OF azEVrr;uE P 9 p Exhibit II DR- 420MM -P R. 5/11 Rule 12DER11 -10 Florida Administrative Code Eff.05/11 Year: 2011 County: MIAMI -DADE Principal Authority : CITY OF AVENTURA Taxing Authority: CITY OF AVENTURA 1' Ils your taxing authority a municipality or independent special district that has levied ad ❑ Yes ❑ No (1) valorem taxes for less than 5 years? IF YES, ( r STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation. 2. Current year rolled -back rate from Current Year Form DR -420, Line 16 1.6296 per $1,000 (2) 3. Prior year maximum millage rate with a majority vote from 2010 Form DR- 420MM, Line 13 2.3355 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR -420, Line 10 1.7261 per $1,000 (4) If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5. Adjust rolled -back rate based on prior year majority -vote maximum millage rate 5. Prior year final gross taxable value from Current Year Form DR -420, Line 7 $ 6,851,364,235 (5) 6' Prior year maximum ad valorem proceeds with majority vote (Line 3 multiplied by Line 5 divided by 1,000) $ 16,001,361 (6) 7 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value from Current Year Form DR -420 Line 12 $ 0 (7) 8. Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) $ 16,001,361 (8) 9. Adjusted current year taxable value from Current Year form DR -420 Line 15 $ 7,257,037,605 (9) 10. Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000) 2.2049 per $1,000 (10) Calculate maximum millage levy 11. Rolled -back rate to be used for maximum millage levy calculation (Enter Line 10 if adjusted or else enter Line 2) 2.2049 per $1,000 (11) 12. Change in per capita Florida personal income (See Line 12 Instructions) 1.0055 (12) 13. Majority vote maximum millage rate allowed (Line 11 multiplied by Line 72) 2.2170 per $1,000 (13) 14. Two - thirds vote maximum millage rate allowed (Multiply Line 13 by 7.70) 2.4387 per $1,000 (14) 15. Current year proposed millage rate 1.7261 per $1,000 (15) 16. Minimum vote required to levy proposed millage: (Check one) (16) a. Majority vote of the governing body: Check here, if Line 15 is less than or equal to Line 13. The maximum millage rate is equal z to the majority vote maximum rate. Enter Line 13 on Line 17. b. Two - thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The El maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17. ❑ c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. ❑ d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. 17 The selection on Line 16 allows a maximum millage rate of (Enter rate indicated by choice on Line 16) 2.2170 per $1,000 (17) 18. Current year gross taxable value from Current Year Form DR -420, Line 4 $ 7,290,634,319 (18) Continued on page 2 Taxing Authority: DR- 420MM -P CITY OF AVENTURA R. 5/11 Page 2 19. Current year adopted taxes (Line 15 multiplied by Line 18, divided by 1,000) $ 12,584,364 (19) 20. Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by $ (20) 1,000) 16,163,336 DEPENDENT SPECIAL DISTRICTS AND MSTUS STOP HERE. SIGN AND SUBMIT. 21 Enter the current year adopted taxes of all dependent special districts & MSTUs levying $ 21) a millage. (The sum of all Lines 19 from each district's Form DR- 420MM) 0 22. Total current year adopted taxes (Line 19 plus Line 21) $ 12,584,364 (22) Total Maximum Taxes 23. Enter the taxes at the maximum millage of all dependent special districts & MSTUs $ p (23) levying a millage (The sum of all Lines 20 from each district's Form DR- 420MM) 24. Total taxes at maximum millage rate (Line20 plus line23) $ 16,163,336 (24) Total Maximum Versus Total Taxes Levied 25 Are total current year adopted taxes on Line 22 equal to or less than total taxes at the F,/ YES NO (25) maximum millage rate on Line 24? (Check one) I certify the millages and rates are correct to the best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. S 200.081, F.S. I Signature of Chief Administrative Officer: Date G N Title: Contact Name and Contact Title: H ERIC M. SOROKA, CITY MANAGER BRIAN K. RADUCCI, FINANCE DIRECTOR E R Mailing Address: Physical Address: E 19200 W. COUNTRY CLUB DRIVE 19200 W. COUNTRY CLUB DRIVE City, State, Zip: Phone Number: Fax Number: AVENTURA, FL 33180 (305) 466 -8920 (305) 466 -8939 Complete and submit this form DR- 420MM -P, Maximum Millage Levy Calculation - Preliminary Disclosure, to your property appraiser with the form DR -420, Certification of Taxable Value. Instructions on page 3 RESOLUTION NO. 2011- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, ESTABLISHING A PROPOSED MILLAGE RATE FOR THE 2011/2012 FISCAL YEAR; PROVIDING FOR THE DATE, TIME AND PLACE OF THE PUBLIC HEARING TO CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE BUDGET; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Chapter 200, Florida Statutes, Determination of Millage, sets forth the procedures that must be followed in establishing a millage rate and adopting an annual budget; and WHEREAS, the Miami Dade County Property Appraiser has certified the taxable value of property within the City of Aventura, as required by Chapter 200, Section 200.065(1) and Chapter 193, Section 193.023, Florida Statutes; and WHEREAS, pursuant to Chapter 200, Section 200.065(2)(b), the City of Aventura is required to establish its proposed millage rate and the date, time and place that the public hearing will be held to consider the proposed millage rate and tentative budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Resolution No. 2011 Page 2 Section 1. The following is hereby established as the proposed millage rate for the 2011/2012 fiscal year: 1.7261 per $1,000.00 of taxable assessed value. Section 2. September 13, 2011 is hereby established as the date for a public hearing on the tentative budget and proposed millage rate, to be held at 6 p.m. at the Aventura Government Center, 19200 West Country Club Drive, Aventura, Florida. Section 3. The City Clerk be and is hereby authorized and directed to place all necessary advertisements in accordance with Chapter 200, Florida Statutes, the Truth in Millage (TRIM) Bill. Section 4. This Resolution shall become effective immediately upon its adoption. The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Bob Diamond Commissioner Teri Holzberg Commissioner Billy Joel Commissioner Michael Stern Commissioner Luz Urbaez Weinberg Vice Mayor Zev Auerbach Mayor Susan Gottlieb Resolution No. 2011 - Page 3 PASSED AND ADOPTED this 21St day of July, 2011. SUSAN GOTTLIEB, MAYOR ATTEST: TERESA M. SOROKA, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY CITY ATTORNEY