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03-03-2015City Commission Enid Weisman, Mayor E bar Cohen Teri FIolzber Denise Landman Marc NTrotsky Robert Shelley Bow rd Weinberg CITY COMNIISSION MEETING REVISED AGENDA MARCH 3, 2015 - 6:00 PM Government Center 19200 West Country Club Drive Aventura, Florida 33180 1. CALL TO ORDER \ROLL CALL 2. PLEDGE OF ALLEGIANCE 3. AGENDA: Request for Deletions /Emergency Additions 4. SPECIAL PRESENTATIONS: • Proclamation — Chief Brian G. Anderson • Employee Service Awards • Report on Northeast Library Branch in Aventura City Manager Eric M. Soroka, I CMA- CM City Clerk Ellisa L. Horvath, MM C City Attorney Weiss Serota Fleff a Cole Bierman & Popol 5. CONSENT AGENDA: Matters included under the Consent Agenda are self - explanatory and are not expected to require discussion or review. Items will be enacted by one motion. If discussion is desired by any member of the Commission, that item must be removed from the Consent Agenda and considered separately. If the public wishes to speak on a matter on the consent agenda they must inform the City Clerk prior to the start of the meeting. They will be recognized to speak prior to the approval of the consent agenda. A. APPROVAL OF MINUTES: • February 3, 2015 Commission Regular Meeting • February 20, 2015 Commission Workshop Meeting B. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. AVENTURA CITY COMMISSION REVISED MEETING AGENDA MARCH 3, 2015 PAGE 2 C. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID /CONTRACT FOR BID NO. 15- 01-26-2, CITY OF AVENTURA MAINTENANCE AND REPAIR FOR CITY ROADS, STREETS AND FACILITIES TO D. CORP. CONSTRUCTION, INC., ENVIRO WASTE SERVICES GROUP, INC., SOLO CONSTRUCTION & ENGINEERING, INC., AND WEEKELY ASPHALT PAVING, INC. AT THE INDIVIDUAL BID PRICES AS CONTAINED IN EXHIBIT "A" ATTACHED; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. D. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID /CONTRACT FOR BID NO. 15- 02-02-2, SOFFER TRAIL PAVEMENT RESTORATION, TO FLORIDA BLACKTOP, INC AT THE BID PRICE OF $85,408.68; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. E. A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, ENCOURAGING THE MIAMI -DADE BOARD OF COUNTY COMMISSIONERS TO ADOPT A PLAN OF ACTION TO ADDRESS SEA LEVEL RISE; DIRECTING THE CITY CLERK TO TRANSMIT A COPY OF THIS RESOLUTION TO THE MAYOR AND COUNTY COMMISSIONERS OF MIAMI -DADE COUNTY, FLORIDA, THE MIAMI -DADE COUNTY LEAGUE OF CITIES, INC. AND MUNICIPALITIES IN MIAMI -DADE COUNTY; AND PROVIDING FOR AN EFFECTIVE DATE. F. MOTION TO ACCEPT FOR FILING OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 AND THE LETTER DATED FEBRUARY 19, 2015 ATTACHED HERETO AS ATTACHMENT "A". G. MOTION AUTHORIZING THE APPROPRIATION OF UP TO $322,700 FOR RIFLES, BALLISTIC HELMETS, SWAT TRANSPORT VEHICLE, RADIO HEADSETS, SMART BOARD TVS AND EQUIPMENT FROM THE FEDERAL POLICE FORFEITURE FUNDS IN ACCORDANCE WITH THE CITY MANAGER'S MEMORANDUM. H. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING THE CITY MANAGER ON BEHALF OF THE CITY TO EXECUTE AND OTHERWISE ENTER INTO THE ATTACHED MUTUAL AID AGREEMENT BETWEEN THE CITY OF AVENTURA AND THE CITY OF MIAMI GARDENS FOR LAW ENFORCEMENT ACTIVITIES; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. AVENTURA CITY COMMISSION REVISED MEETING AGENDA MARCH 3, 2015 PAGE 3 I. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, ESTABLISHING A RANKING OF FIRMS TO PERFORM AUDITING SERVICES; AUTHORIZING THE CITY MANAGER OF THE CITY OF AVENTURA, FLORIDA ON BEHALF OF SAID CITY TO NEGOTIATE FOR SAID SERVICES; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. 6. ZONING HEARINGS - QUASI- JUDICIAL PUBLIC HEARINGS: Please be advised that the following items on the Commission's agenda are quasi-judicial in nature. If you wish to object or comment upon any of these items, please inform the Mayor when she requests public comments. An opportunity for persons to speak on each item will be made available after the applicant and staff have made their presentations on each item. All testimony, including public testimony and evidence, will be made under oath or affirmation. Additionally, each person who gives testimony may be subject to cross - examination. If you refuse either to be cross - examined or to be sworn, your testimony will be given its due weight. The general public will not be permitted to cross - examine witnesses, but the public may request the Commission to ask questions of staff or witnesses on their behalf. Persons representing organizations must present evidence of their authority to speak for the organization. Further details of the quasi-judicial procedures may be obtained from the Clerk. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA GRANTING APPROVAL OF A VARIANCE FROM SECTION 31- 144(e)(4)c.2. OF THE CITY'S LAND DEVELOPMENT REGULATIONS TO ALLOW A FLOOR AREA RATIO OF 1.41, WHERE A FLOOR AREA RATIO OF 1.39 IS PERMITTED BY CODE, FOR THE `ONE AVENTURA EXECUTIVE CENTER' CONDOMINIUM OFFICE BUILDING AT 20900 NE 30 AVENUE, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. 7. ORDINANCES - FIRST READING /PUBLIC INPUT: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2014 -10 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2014/2015 FISCAL YEAR BY REVISING THE 2014/2015 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; PROVIDING FOR AN EFFECTIVE DATE. 8. ORDINANCES - SECOND READING /PUBLIC HEARING: None 9. RESOLUTIONS — PUBLIC HEARING: None 10. REPORTS 11. PUBLIC COMMENTS 12. OTHER BUSINESS: None 13. ADJOURNMENT AVENTURA CITY COMMISSION REVISED MEETING AGENDA MARCH 3, 2015 PAGE 4 FUTURE MEETINGS COMMISSION WORKSHOP — MARCH 6, 2015 AT 2:30 PM EXECUTIVE CONFERENCE ROOM (5TH FLOOR) COMMISSION WORKSHOP — MARCH 18, 2015 AT 9 AM EXECUTIVE CONFERENCE ROOM (5TH FLOOR) COMMISSION MEETING — APRIL 7, 2015 AT 6 PM COMMISSION CHAMBER COMMISSION WORKSHOP — APRIL 16, 2015 AT 9 AM EXECUTIVE CONFERENCE ROOM (5TH FLOOR) *Meeting dates and times are subject to change. Please check the City's website for the most current schedule. 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, 305- 466 -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. 1, I 1 I 1 � 1 , �1 ii i 1/ AV WO 1 0 iipa I m r v r n 3 D m N � o m 0 O cr F) ' r 07 V V/ (n CD 3 CD i � r v K O fD v O N C D rD Q n 3 < -• i O O 0 V 3 r v r n 3 D m N � o m 0 O cr F) ' r 07 V V/ (n CD 3 CD i ^ M 00 N W ^' D 3 0 O '�. crm O O v O O O 7 ild 3 D r N a c r* o (D Ln a v O O ,n < L Ln y � i�" `i cn O Ln rr M lift a i ® i 0 a 0 w • I —C D0 m Q —Q a� o' s n O `^ O °' O W D -< r) --j 0 0< o< Q< � n O o zT N v O Vl 3 a� `v m �� O p O 2. rD (D D°j O O Q' — 77 O O T Ln h �_ O 3 v O rt� O in (D O O j Q (D O O • (D Ln cn Q O 3 7 v r+ O< n (D to < (D Qp v < O 3 O p rnr s rr+ (D ((D 3 0 O d rD Q r+ n• c, s N CU Q 7 O- (D n O Q fD r) M C O- 'n n I —C D0 m Q —Q a� o' f T O Q � �• O o= s =. 3 r� r. o� N I P � p0 V �• m r m d m D m 0 mph N V r cr 0 0 0 0 0 N CD a- n x O 0 Z r�r n O =5 :3 O (nn `� L rD o 3 �� o rD `� o'er lu m Dcu Ln (D CU m N = � 6- N -1 O O N O � p0 V �• m r m d m D m 0 mph N V r cr Q. 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A.�/� N� 74�v p I G D rD L a A� ii T 0 =7- O (D O r+ O ' Q N O un N (D 0- (D N O Q 0) � r+ rt 3 n m N N Q N O O (D N N v N O N + N c Nr (D fD fD % (D = n E3 rD O n O Dti 74�v p I G D rD L a A� ii T � n v 77 0) rD r*. N Z3 V� rD LA O r+ zT (D aU� C ,-r (D • n 0) r+ (o r+ O O Q C n V) rD (D Q n O (D n O* D • 6�* ZT CT O zT O O Q n (D 3 r+ G fD D m mmi AMi A O 3 �yy� M V Q Z5 V) 0- T `G Q �zy- n Q o v 0 Q N I 00 3 0 D v Q l< Ln cu rt c Q oi 90 Ln c Q ED F` O v 3 I rn D rD r+ r. r :E CD D m 2 CD w rD D ni n 0 Q rD r o� rD rD M. v Z m O �V 3 C. m A m m r+ CA - m rD _p m cn D rD v rt. v V) V) < a) �o c- 0 - �, s D cn n O rD rt. r+ Z3 C) Z3 2 CD w rD D ni n 0 Q rD r o� rD rD M. v Z m O �V 3 C. m A m m r+ CA 1 ' 1� 1 1 � 1 , it � C: �. III iii m r fii�� D N' ry �p m O p v r CDo (D � �• Cr r-) N � < � D m �� E Q� N � 5 N :3 n D � (D l ! 3 O< rr 7 0 O n N 0 V � Z7 e". 0 Av�ntura CITY COMMISSION REGULAR MEETING MINUTES FEBRUARY 3, 2015 — 6:00 P.M. Aventura Government Center 19200 W. Country Club Drive Aventura, Florida 33180 1. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 6:00 p.m. Present were the following: Mayor Enid Weisman, Vice Mayor Teri Holzberg, Commissioner Enbar Cohen, Commissioner Denise Landman, Commissioner Marc Narotsky, Commissioner Robert Shelley, Commissioner Howard Weinberg, City Manager Eric M. Soroka, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. 2. PLEDGE OF ALLEGIANCE: The Pledge was led by Debra Harvey and Mitch Herbets. 3. AGENDA: REQUESTS FOR DELETIONS /EMERGENCY ADDITIONS: None. 4. SPECIAL PRESENTATIONS: Mayor Weisman presented Certificates of Appointment to the following Board members, who were appointed on January 6, 2015: • Arts & Cultural Center Advisory Board: former Mayor Susan Gottlieb • Community Services Advisory Board: Michael Stern, Sandra Kaplan, Joan Robbins, Dr. Linda Marks, and Bonnie Lotterman. 5. CONSENT AGENDA: There were no requests from the public to address the Commission. Commissioner Narotsky requested that Item F be tabled, for further discussion at workshop. A motion to table Item F on the Consent Agenda was offered by Vice Mayor Holzberg, seconded by Commissioner Landman, and passed unanimously. The following item will go to workshop: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA SUPPORTING A SOUTH FLORIDA SEA LEVEL RISE AND CLIMATE CHANGE CONGRESS THAT WILL INCLUDE LOCAL, STATE, AND FEDERAL ELECTED OFFICIALS MEETING TO PROPOSE CONSTRUCTIVE SOLUTIONS TO SEA LEVEL RISE AND CLIMATE CHANGE. A motion to approve the remaining items on the Consent Agenda was offered by Commissioner Shelley, seconded by Commissioner Weinberg, and passed unanimously by roll call vote. The following action was taken: A. Minutes were approved as follows: • January 6, 2015 Commission Regular Meeting • January 15, 2015 Commission Workshop Meeting • January 23, 2015 Commission Governing Board Training Aventura City Commission Meeting Minutes — February 3, 2015 Page 2 B. Resolution No. 2015 -10 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA ADOPTING THE CITY OF AVENTURA 2015 LEGISLATIVE PROGRAM AND PRIORITIES ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. C. Resolution No. 2015 -11 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. D. Resolution No. 2015 -12 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE AND OTHERWISE ENTER INTO CHANGE ORDER NUMBER 1 FOR THE NE 185TH STREET CHANNELIZATION MODIFICATION WEST BOUND APPROACH BY AND BETWEEN THE CITY AND WEEKLEY ASPHALT PAVING, INC.; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID CHANGE ORDER; AND PROVIDING FOR AN EFFECTIVE DATE. E. Resolution No. 2015 -13 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING THE CITY MANAGER ON BEHALF OF THE CITY TO EXECUTE AND OTHERWISE ENTER INTO THE ATTACHED MUTUAL AID AGREEMENT BETWEEN THE CITY OF AVENTURA AND THE SCHOOL BOARD OF MIAMI -DADE COUNTY, FLORIDA, MIAMI -DADE SCHOOLS POLICE DEPARTMENT FOR LAW ENFORCEMENT ACTIVITIES; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. 6. ZONING HEARINGS: QUASI- JUDICIAL PUBLIC HEARINGS: None. 7. ORDINANCES - FIRST READING — PUBLIC INPUT: None 8. ORDINANCES - SECOND READING /PUBLIC HEARING: None. 9. RESOLUTIONS - PUBLIC HEARING: None. Aventura City Commission Meeting Minutes — February 3, 2015 Page 3 10. REPORTS: The following reports were presented: Commissioner Landman reported on her plans to attend Connect Florida in Tallahassee. Julien Saka — Dr. Michael Krop Senior High School Representative, provided an update. 11. PUBLIC COMMENTS: The following members of the public provided comments: Les Winston (19195 Mystic Pointe Drive, Aventura) - President of Aventura- Sunny Isles Beach Chamber of Commerce. 12. OTHER BUSINESS: None. 13. ADJOURNMENT: There being no further business to come before the Commission at this time, a motion to adjourn was offered by Commissioner Cohen, seconded by Vice Mayor Holzberg, and passed unanimously. The meeting was adjourned at 6:15 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on March 3, 2015. The aty of CITY COMMISSION WORKSHOP MEETING MINUTES FEBRUARY 20, 2015 —1:00 P.M. Aventura Government Center 19200 W. Country Club Drive Aventura, Florida 33180 CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 1:00 p.m. The following were present: Mayor Enid Weisman, Vice Mayor Teri Holzberg, Commissioner Enbar Cohen, Commissioner Denise Landman, Commissioner Marc Narotsky, Commissioner Robert Shelley, Commissioner Howard Weinberg, City Manager Eric M. Soroka, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. 1. TURNBERRY ISLE RESORT PROPOSED COMPREHENSIVE PLAN /LDR/ZONING AMENDMENTS (City Manager): Mr. Soroka briefly discussed the expansion plans for Turnberry Isle Miami. Mickey Marrero, Esq. (Bercow Radell & Fernandez) and Donald Wolfe, Architect (Nichols Brosch Wurst Wolfe) reviewed plans for the proposed expansion. The items requiring future Commission action were discussed, as outlined in the agenda. Mr. Soroka reviewed the following items that the City would request: replacing the chain link fence with a decorative fence at the Lehman causeway and extending the wall in front of the hotel with a decorative wall and landscaping. He discussed the process and provided a positive recommendation. City Manager Summary: It was the consensus of the City Commission for the application to proceed. Mr. Soroka anticipated that the item would be provided for first reading, at the April Commission meeting. 2. NE 188TH STREET PARK DESIGN UPDATE (City Manager): Mr. Soroka reviewed the concept plans for a 1.5 acre park. A community meeting will be held on March 12, 2015 to gain input on the plans. He discussed the need to name the park. Construction was anticipated October 2015 through May 2016. City Manager Summary: It was the consensus of the City Commission to move forward with the plan as presented and to have a contest to name the park. 3. POLICY GOALS /PRIORITIES (City Manager): Mr. Soroka reviewed the of policy goals and priorities. City Manager Summary: It was the consensus of the City Commission to move forward with the list as presented. An update on development projects will be added as an item, for future Commission Workshop Meetings. Aventura City Commission Workshop Meeting Minutes — February 20, 2015 Page 2 4. REQUEST TO HAVE FDOT REPRESENTATIVE ATTEND NEXT WORKSHOP MEETING (Commissioner Landman): Commissioner Landman suggested that a representative from the Florida Department of Transportation attend the next workshop meeting, to review the FDOT projects. City Manager Summary: It was the consensus of the City Commission for a FDOT representative to attend the March Workshop Meeting. 5. RESOLUTION SUPPORTING SOUTH FLORIDA SEA LEVEL RISE AND CLIMATE CHANGE CONGRESS (Commissioner Narotsky): Commissioner Narotsky explained the need for a resolution that mirrored what the County was doing and not necessarily the one that was provided in the agenda. Mr. Soroka suggested that the Commission consider a resolution similar to the one that was passed by the City of Homestead. City Manager Summary: It was the consensus of the City Commission to place a resolution, similar to the City of Homestead Resolution, on the March Commission Agenda. Mayor Weisman reminded the Commission that only she, or her designee, are authorized to speak with other elected officials. 6. MIAMI -DADE COUNTY DAYS IN TALLAHASSEE (Mayor Weisman): Mayor Weisman discussed the upcoming Miami -Dade County Days in April. City Manager Summary: It was the consensus of the City Commission to allow Mayor Weisman, Commissioner Weinberg (as the City's Representative on the Miami - Dade County League of Cities), and Commissioner Landman to attend Miami -Dade County Days in Tallahassee. 7. RESOLUTION REQUESTING COUNTY TO RENAME LIBRARY BRANCH (Commissioner Weinberg): Commissioner Weinberg suggested that a resolution be considered requesting Miami -Dade County to rename the library in Aventura, from Northeast Regional Branch to Aventura Regional Branch. After discussion, Commissioner Weinberg withdrew the item. City Manager Summary: Mayor Weisman or Mr. Soroka will address the item with County Commissioner Sally Heyman. The following additional item was discussed: Mr. Soroka reviewed the policy on handling complaints regarding police officers and State Statute, the Law Enforcement Officer Bill of Rights. It was agreed that Mr. Soroka will respond to those types of complaints sent to the Commission, on their behalf. Aventura City Commission Workshop Meeting Minutes — February 20, 2015 Page 3 8. ADJOURNMENT: There being no further business to come before the Commission, the meeting adjourned at 3:25 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on March 3, 2015. CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, DATE: February 6, 2015 SUBJECT: Resolution Declaring Equipment Surplus March 3, 2015 Commission Meeting Agenda Item 5a RECOMMENDATION It is recommended that the City Commission adopt the attached Resolution declaring certain equipment as surplus to the needs of the City. BACKGROUND Section 2 -258 of the City Code of Ordinances provides that any property owned by the City which has become obsolete or which has outlived its usefulness may be disposed of in accordance with procedures established by the City Manager, so long as the property has been declared surplus by a resolution of the City Commission. If you have any questions, please feel free to contact me. EMS /act Attachment CITY OF AVENTURA 04C,E DEPARTMENT TO: Eric DATE: 5 February 2015 SUBJECT: Surplus Property I would like to have the below listed items, owned by the City of Aventura, declared Surplus Property as per City of Aventura APDP, Chapter e, Subsection 5, Page 1, as these items have become inadequate for public purposes: Inter Act, Positron 911 equipment (See attached paperwork for equipment details) CITY OF "ENTURA POLICE DEPARTMENT MEMORANDUM TO: Commander Fogelgren FROM: Captain Labombarda SUBJECT: Request for Surplus —Positron 911 System Date: February 5, 2015 Commander, Please submit the attached list of Inter Act — Positron 911 equipment to be deemed surplus property so that it can be decommissioned and sold or destroyed as appropriate. Line Card Shelf Slot Cover W 11X5 4 Non. Nor- Monthly Monthly ..- Caller IDUnBCard - Spare W11X6 I Recurring Recurring $0.00 - Element USOC . Quantity i C U M t (Total) , C Cost (Total) 18.1 4nch Viseratde LCD Monitor - W11JT 7 $1, 618.00 _�;- - $11,326.00 _; -- _ :59.40 - -� .- - 6415.80 - Bask Interceptor ControNer W1 14A - 1 633,262.00 633,262.00 { 6256.50 ; .. $256.50 First CTI Position - Interceptor. W114B 1 619,474.00 619,474.00 678.30 $78.30 _ ; _ _ - 51795.00 _ 50.00__ _ ._ Addlional CTI Positions - Interceptor : W114C 5 -' 614,021.00 _ 670,105.00 654.80. _ $274.50 Primary Station Card Shelf i W114G _ _ 1 63,379.00 63,379.00 _628.80 628.80 _ - _; l . _;..5701000__.x_ Contract Preparation Charge Caller IDCard W1 14J 10 670400 ' 67,040.00 j 65.40 654.00 _ 911 Trunk Card W1 14K 4 $1,219.00 64,876.00 610.80 $1320 - Training - Set Up Fee W1 14V 1 61,874.00 _ I 61,874.00 $6.00 _ -- Training - Each User - W114W,, 24 :...6268.00 60,432.00 60.00 _60.00. - - - Training- Supervisor. W114X 6375.00 4 61,125.00 60.00__.. 60.00.. _.! _.3 ... -, Training (MIS System) - Each User W1 14Z 2 $589.00 ! $1,178.00 _ 50.00. _ _so. . . i S3200 Operator Manual W11Xt _ 6_ -$16.00'. - 698.00 _ $0.00 60.00 MIS System W11X2 1 -� -- 617,031.00 F 617,031.00 682.80_ . -- 682.80_ Station Slot Cover W11X4 4 627.00. _; _ 6108.00 _ _ _ 60.00 60.00 ._ Line Card Shelf Slot Cover W 11X5 4 616.00 664.00 60.00 SOAO ..- Caller IDUnBCard - Spare W11X6 I 6549.00..1. 6549.00 $0.00 - Primary Station Card :.. W 11 XB 6 - 62.276.00 613.656.00 _ . i 618.00 6108.00 Telephone Radio Headset Interface W 11 XB 6 6543.00 63.258.00 1 i 61.50 627.00 _ TDD Option W11XM 6 _ S675.00 $5.250.00 ... 67.20 643.20 Instant Recall Recorder .; W11XP 8 $1,077.00 ' $8,462.00_ j, _ . $10.80 _ $64.80 - - ,Orkney Station Card -Spare - W71XU -1 ; 51,795.00 51795.00 _ 50.00__ - .$0.00 -_ - -- -- 911 -Trunk Card - Spare -..._ - W11XW'---- _1.___..� $1,041.00_..._51041.00 ,._ _s0.00_ 50.00 _ MIS Application - User W11 HT 2 _ 550500 - $5.00 $70.00.. ._._.._ - _; l . _;..5701000__.x_ Contract Preparation Charge 1, WGGVF '1 1 $316.00 _ - $316.00 - $0.00 _ $0.00 TOTAL .. _. - : _. _- - -- - i .. - - ' 6210,707.00 -' - -- - - -- $1,486.90 . Term m 80 Months PURCHASE Option File: InterAct Customer Price Spreadsheet 6-71 -06-As s Tenn • 60 Months PURCHASE Option File: Positron Customer Price Spreadsheet 5- 11.06. :Is _ -- -Hard* Monthly Noo-Rssarrlrrp Non•Rowffft Recurring Recumft Rao Element USOC Qum ft, Cost (Ur" Cost (TOM) Cast (Udt) ;_ Cast (Tofaq Lb Line 100 ANVALI Controler W110A ; _.. 1 �.. $41.882.00 541,862.00 $294.95 i - $294.95. . - - - -- -- - -48 Volt Power Module _'_W1106 �,- 3 $1,301.00._. ..$3,903.00 48 VoIt Power Shelf W110C _._ 1 $6.822.00 $6,822.00 - - $89.70 ' $89.70 NIM Card per Trunk - W11OD l _ -- 4 ' - -- $1,643.00 $7,372.00 - $17.85 ! $71.40 7 -Foot Cabinet _�.I W11OG 1 $3.590.00__:. $3,590.00 $17.85 $17.85 - interconnect Panel W118E 2 $52800 $1.056.00 $5.95 ; $11.90 _ _ _ . _ Panel Daisy Chain Kit W118L._:.._._1 $169.00 $169.00 _interconnect _� _ -.. -- -$0.00 ---$0.00_ Position Controller _ W118M 1 $2,141.00 -' $2.141.00 $2125 , - $21.25, _ . - ...- Line lamp Concentrator _ - W1 18N ' 6 . - $1.284.00 ! - -$7,704. 1 00 ! $13.60 _ _ $81.60 -- Concentrator Daisy Chain Kit i W118K ;. _-- 5 - $253.00 $1,265.00 $0.85 - -- -$4.25 Caller 9) Module - - -..; W11s0. 2 , - $1.548.00 $3,096.00 $16.15 i $32.30 Alarm Interface _ ------ -- .. .. W118P :._ ... 1 $327.00 , $327.00 _ -_ _. $3.41 ; $3.41 ---- _ ... 1A2 She IIfPackage_.. _. W1184 �..._.1 _I -- $4.219.00. _ $4,219.00 `- $43.35 - !.__.$43.35 Additional Administrative Line -- W1185 ... 8 .. , .$173.00 -.. - $1.384.00 $1.87 $14.96 1A2 Shelf 82 W710V 1 $2412.00 '• $2,412.00 523.80 _ _ $23.80_ IAP/PC Card (Spare) - W11OY .i ._._ .. 1 $2,795.00 - .. $2.795.00 _ - -$0.00 _ . $0.00- Lire Lamp Cormn.trator(Spare) W11OZ ... 1....:. $1,181.00 $1,181.00 $O.OD ;_.._$0.00_ _ -� -- -Power 911 Database Server:,; W1175 '. 1 ! $19,925.00 $19,925.00 $239.00 $239.00 Power 911 Workstation W1174 6 $8,350.00 _;- $50,100.00 r $85.00 $510.00 19tirrch LCDTauchscreen Monitor W117N 7 $2,244.00_ $15,708.00 $76.50 $535.50 -- - _.. _. .: Power 911 IAPIPC Card- W11YR �- -6 $19,428.00 $3825 �_. $229.50 . a_ _., __$3,238.00 P wer9111ntegratedCall Recorder _ j W110V _ 6 $576.00_ $3,456.00 - $5.58 _ $33.48_ -_-- _ Power 911 tntegrated TDD _ _;_ W 11 OW .. _ 6 _ $577.00 -_ ' _- $3.462.00 _ _ $5.95 ! $3- 5.70- -- HP 2100 Laser Printer W1106 1 21,735.00 $1,735.00 $6.80 1 _ $6.80 _ Power MIS 3.0 (5 to 15 Positions)., - . _ 1, 7 - $18,310.06 $18,310.00 j $62.05 .;. _ i _ $62.05 -_ ----- - -- --- Paver MIS 3AAdtlkional Data License_.. '- -i - -- W1108 , _ _1 - -- $787.00. _l. _ .$787.00 _ _ $3.40 _. -- _. $3.40 - -- -. . Travel - Training - - Fee - - - �-- -W117A 1 $1.592.00.. 1... .. .. $1.592.00 -_ $0.00 j .. i - - $0 .00 _ T _ -.. _. Wri)6permn . - _.._. _._ 1 -W1178 -6 $255.00 -. - .$1530.00 - , - _..$0.00 _...$0.00 - Tenn • 60 Months PURCHASE Option File: Positron Customer Price Spreadsheet 5- 11.06. :Is r Cal Taker Training -_ W1 17C - . _ 12 $288.00 $3.456-W ; - $0.00 _ L $0.00 Admini�lar Training (2 aYs) _ -!. W117G_ _ . -. 7 - - 52.623.00 .. _ - � 52.823.00. � 50.00 - ..$0.00 Site Suyey _ _.. __ _ _ : W1173 1 _ _ y _$3,053.00 _ _53,053.00 — _ $0.00 $0.00 -- Contract Preparation Charge WGGVF � - 1 _T $31800 $316.00 $0.00 $0.00 _ _ .. _ _ 8fJ&TOTAL (tlo OptiorW Equipment) j $236.779.00_ $2194.60 - Power 911 Agent Too Software' lkit ... W110S - 6 - -- $597 00 ... -_ $3 582.00 _ $4.31 F $25.86.... Power 911 Incident Manager Software' W11QU , 6 5M5 00 7 0.370.00 $6.80 l $40.80 TOTAL "th.OpdonalEquipment) ;..$245,731.00 ..._ _. _ i .$2.461.26 - - - Term s 00 MonUm PURCHASE Option Re: Positron Cualomer Prim Spreadsheet 5.11.06.xis Positron Public Safety Systems Summary - Base System Power 911 Software $ 7,276.60 Power MIS $ 550.55 IWS Hardware $ 5,286.75 Installation $ 3,350.00 Project Management $ 493.92 Call Center Year I $ 393.42 Total T Munson oo ffl h. moan W pap wY b Po utlbaaue090"b"pffpmedwrnGUl CoWW92005vormA Srrrsr+•m CONFIDENTIAL OMI OA - Cay of Avenlua PD. FL - Su many S 17,351.23 Page 2 of 7 February 12, 2007 19 POSITRON Positron Public Safety Systems Page 3 of 7 February 12,2007 Configuration Parameters Answering Positions Number of Power 911 Intelligent Workstations 6 existing Additional Positions quoted 1 Call Taking Solution Location Module (ANUALI) Included Computer Telephony Module (on- screen telephony) Included Contact Module (Call & Transfer - Voice and/or Data) Included On -line Message Board (a.k.a. Flash Bulletin Module) Included Lists Module (Call Lists and Queries) Included Toolbar (a." Call Detail Tool) Included Incident Manager Software (Incident Detailing + Premise + SOP) Optional Integrated Call Recorder Included Integrated Telephone & Radio Recorder Optional Integrated TDD Included AgentToolkit Optional Data Transfer to Remote FAX Machines or via E -Mail Not Included UPS on Workstation PCs (30 minutes) Included Miscellaneous Screens per Position Screen Type no O)INlllb AaMd*�o,Wp Yb MoonwGMd4tl ed*bbpupo a• cappV92aa Fe a P asreq SyN C N RDENnAL 067310A - City of Avenh" PD, FL - Adtaaonal AMS 19 Inch LCD 13 POSITRON Pbsitron Public Safety Systems Page 4 of 7 February 12, 2007 Model # Description Qty Unit Coat Total I Software 913105/425 Power 911 Workstation Base Software 913155 Power 911 Integrated Cal I Recorder (up to 101 1 913160 Power 911 Integrated TDD Software (IAPPC) 1 912811 Backroom Position Access License 1 912812 PBX Access License - Per Workstation or Sit I 914120/1 Power 911 Config and Software - Workstation I Subtotal S 7,276.60 Power MIS 920002/A Power MIS 3.0 Data License 1 Subtotal S 55055 IWS Hardware 914101/NS IWS G2 Workstation Computer (No Screen) 1 913850 Positron VIPER Enabling Kit 1 914704 19 Inch LCD Monitor 1 914410 IWS Workstation UPS I Subtotal $ 5,286.75 ' Installation 950104 Professional Installation Services 1 960575 Installation - Living Expense Per Day 3 960580 Installation - Travel Fee 1 Subtotal $ 3,350.00 Project Management 950510 Project Management 1 Subtotal S 493.92 ilw Itft r aa. F etis dmnmM w ptWttrrw rbtam Ow wane tWr far aw paps dwabttn COWWt3105v F W" sr. CONFIDENTIAL 067310A - Chy of Avenhaa PD. FL - AdMorW PM 13 POSITRON CITY OF AVENTURA POLICE DEPARTMENT INTER OFFICE MEMORANDUM TO: Eric M. Soroka, City Manager FROM: even Steinberg, Chief of Police DATE: 23 February 2015 SUBJECT: Surplus Property I would like to have the attached listed items, owned by the City of Aventura, declared Surplus Property as per City of Aventura APDP, Chapter 6, Subsection 5, Page 1, as these items have become inadequate for public purposes: 2001 1 FTSS341-41 HA80706 Ford E -350 2007 2FAFP71W17X136852 Crown Victoria 2005 1FTRF12275NA62712 Ford F -150 2009 2FAHP71V79X126376 Crown Victoria 2008 2G1 WB58K181239606 Chevy Impala CITY OF "ENTURA COMMUNITY SERVICES DEPARTMENT MEMORANDUM TO: Eric M. Soroka, ICMA -CM, City a a er FROM: Robert M. Sherman, Director o C mm ity Service DATE: February 9, 2015 SUBJECT: Surplus Property I am requesting to have the following City property from the Community Recreation Center declared as surplus property as these items have outlived their useful life and have become unusable for Department use. • Lounge Chair- Navy Blue • Lounge Chair- Navy Blue • Lounge Chair- Navy Blue • Lounge Chair- Navy Blue • Lounge Chair- Navy Blue • Lounge Sofa - Navy Blue • Lounge Coffee Table- Wood RMS /gf RMS15002 COA # 2594 COA # 2595 COA # 2596 COA # 2597 COA # 2598 COA # 1620 COA # 1621 RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Manager desires to declare certain property as surplus to the needs of the City; and WHEREAS, Ordinance No. 2000 -09 provides that all City -owned property that has been declared surplus cannot be disposed of prior to the preparation and formal approval of a resolution by the City Commission. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Recitals Adopted. The above recitals are hereby confirmed and adopted herein. Section 2. The property listed on Exhibit "A" has been declared surplus and is hereby approved for disposal. Section 3. The City Manager is authorized to dispose of the property listed on Exhibit "A" through a public auction, sale, trade -in, transfer to other governmental agency or, if of no value, discarded. Section 4. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Resolution. Section 5. 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 Enbar Cohen _ Commissioner Denise Landman _ Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman — City of Aventura Resolution No. 2015 -_ Page 2 PASSED AND ADOPTED this 31d day of March, 2015. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY CITY OF AVENTURA CITY MANAGER'S OFFICE MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM BY: Antonio F. Tomei, Capital DATE: February 17, 2015 4snager r P a fJ SUBJECT: Bid No. 15- 01 -26 -2 —City of Aventura Maintenance and Repair Work for City Roads, Streets and Facilities March 3, 2015 City Commission Meeting Agenda Item 15-n Recommendation It is recommended that the City Commission adopt the attached Resolution awarding Bid No. 15- 01 -26 -2, City of Aventura Maintenance and Repair for City Roads, Streets and Facilities to the lowest and responsible bidders; D. Corp. Construction, Inc., Enviro Waste Services Group, Inc., Solo Construction & Engineering, Inc., and Weekley Asphalt Paving, Inc. This project will be funded by Budget Line Item Numbers 120- 5001- 541 -6305 and 410 - 5001 - 538 -3460. Background In accordance with the City's Purchasing Ordinance, bids for this project were solicited, advertised and opened on January 26, 2015. The City received four (4) qualified bids for this project and it is recommending all four (4) be awarded a contract for Bid No. 15- 01 -26 -2: D. Corp. Construction, Inc. Enviro Waste Services Group, Inc. Solo Construction & Engineering, Inc. Weekley Asphalt Paving, Inc. This bid contains unit costs for the following areas of public works that can be used by the City as a maintenance contract on an as needed basis: Paving & Concrete, Storm Drainage, Pavement Markings & Signage, Hourly Labor Rates. Since some of the unit costs are lower than others, it is in the City's best interest to award this bid to multiple bidders to take advantage of the lowest costs as submitted by each bidder. The City will realize significant costs savings by using this contract for road and sidewalk repairs, storm water projects and pavement improvements, avoiding the startup and administrative costs involved in advertising for bids for specific projects. All bidders will be required to provide acceptable insurance and bonding coverage and all work will be subject to the review and inspection of City staff and of our consulting engineers. This contract is for a period of one (1) year, with a one (1) year extension, at the City's sole discretion. If you have any questions or need any additional information, please feel free to contact me. RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID /CONTRACT FOR BID NO. 15- 01 -26 -2, CITY OF AVENTURA MAINTENANCE AND REPAIR FOR CITY ROADS, STREETS AND FACILITIES TO D. CORP. CONSTRUCTION, INC., ENVIRO WASTE SERVICES GROUP, INC., SOLO CONSTRUCTION & ENGINEERING, INC., AND WEEKELY ASPHALT PAVING, INC. AT THE INDIVIDUAL BID PRICES AS CONTAINED IN EXHIBIT "A" ATTACHED; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager of the City of Aventura, Florida, has, pursuant to the various laws of the State of Florida and the Code of the City of Aventura, properly solicited and accordingly accepted bids for BID NO. 15- 01 -26 -2 CITY OF AVENTURA MAINTENANCE AND REPAIR FOR CITY ROADS, STREETS AND FACILITIES; and WHEREAS, sealed bids have been submitted to and received by the City pursuant to the City's Invitation to Bid /Notice to Bidders, specifications, proposals, and requirements for the project/work as cited above; and WHEREAS, staff has determined that D. Corp. Construction, Inc., Enviro Waste Services Group, Inc., Solo Construction & Engineering, Inc., and Weekley Asphalt Paving, Inc. have submitted the lowest responsible and responsive bids for said project/work; and WHEREAS, the City Commission, upon the recommendation of the City Manager, is therefore desirous of awarding said bid /contract to said lowest responsible and responsive bidders. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: City of Aventura Resolution No. 2015 -_ Page 2 Section 1. That bid /contract for BID NO. 15- 01 -26 -2, CITY OF AVENTURA MAINTENANCE AND REPAIR WORK FOR CITY ROADS, STREETS AND FACILITIES is hereby awarded to D. Corp. Construction, Inc., Enviro Waste Services Group, Inc., Solo Construction & Engineering, Inc., and Weekley Asphalt Paving, Inc., at the bid prices contained in Exhibit "A ", attached. Section 2. The City Manager is hereby authorized to execute, on behalf of the City, a contract by and between the parties embodying the terms, conditions, specifications as set forth in the subject Invitation to Bid /Notice to Bidders, bid specifications, bid proposal and bid requirements, and said parties shall execute said prepared contracts on behalf of the City. Section 3. That the City Manager is hereby authorized and requested to take all necessary and expedient action to carry out the aims of this Resolution in awarding this bid /contract. Section 4. That the funds to be allocated and appropriated pursuant hereto and for the purpose of carrying out the tenets of this Resolution shall be from the Transportation and Street Maintenance Fund Line Item No. 120 - 5001 - 541 -6305 and the Stormwater Utility Fund Line Item No. 410 - 5001 - 538 -3460. 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 Enbar Cohen Commissioner Denise Landman Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman City of Aventura Resolution No. 2015 -_ Page 3 PASSED AND ADOPTED this 3'd day of March, 2015. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY MEMORANDUM CRAVEN THOMPSON AND ASSOCIATES, INC. Date: February 17, 2015 To: Antonio F. Tomei, Capital Projects Manager Office of the City Manager AdoNo A. From: Adolfo A. Gonzalez, PE, LEED AP, Consulting Engineer AP, FEED Reference: Maintenance and Repair for City Roads, Streets and Facilities Bid Number 15- 01 -26 -2 Updated Results At your request, we have reviewed the results for the above referenced request for bids. The following contractors submitted a bid: • D Corp Construction, Inc. • Envirowaste Services Group, Inc. • Solo Construction & Engineering Co. • Weekley Asphalt Paving, Inc. Weekley Asphalt Paving, Inc. has successfully performed projects for the City under the previous maintenance and repair contracts. D Corp, Envirowaste, and Solo list various municipal and county agencies in their references and also in their lists of representative projects for local governments. Telephone interviews with some of the references for each company indicated positive performance in past projects for each one. Enclosed is a bid tabulation spreadsheet showing all of the individual unit and extended prices. The low unit price for each line item is highlighted yellow. The average of all bid prices increased by 26% from the 2013 contract prices, which is considerably higher than the US Bureau of Labor Statistics Producer Price Index for Highway and Roadway Engineering Projects which increased 2% during the same period. At this point, two possible options would be to either reject all bids and re -bid in the hope of receiving better pricing, or limiting future work orders to a reasonable amount, beyond which the project should be individually advertised for bid rather than rely on the unit prices in the maintenance contract. The latter is a practical choice since there is no guarantee that re- bidding will yield better prices or different bidders. There were several extension errors in some of the bidders' quotes and we recommend contacting each bidder to confirm they will accept the corrected unit price prior to awarding a contract to the affected bidder. Please refer to the notes at the end of the bid tabulation sheets. It is our opinion that D Corp. Construction Inc., Envirowaste Services Group Inc., Solo Construction & Engineering Co., and Weekley Asphalt Paving, Inc. are responsible bidders and recommend awarding a contract to each of them. If you have any questions or require any additional information, please call. Enclosure: Bid Tabulation 3 EXHIBIT A CITY OF AVENTURA Maintenance and Repair for City Roads, Streets, and Facili ies Bid Tabulation for Bid No. 15-01 -262 w"KIDI' S N0e1G3 NP1ID35 flaw mmfMn pales l0 tlylfymdmyeapl 0cerp cm, IT. snVKOF Group. 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Dap li $ 1200 S Stem f MOD $ 1,1W,w S 21m f MOD S 2000 S `dare 17 1 PpWbelW Tew M(lndudlnpPwerS asre )- Dafr RVs EA s MOD S MOD $ MOD $ 250.00 f 25000 s 25Ow f MIN i mare Wa W Pre aRWT.L1,M(lnaae,I- Sons- aarapwed)- SmMy FYa Eq s .0. s 44000 S MIN f NOW s MOD f twin f +15.m f tam 10 1 PaWeO&WTwnrllptannWKq PmerSwrmnrequNl- WOy� FA f New f New $ 2WO.w f IMWOO f 2.imw f ;2mw f 550.00 S 550.. ID 100 Furrsn and Install ad Fenee tF S 350 f 32000 S 375 f 33500 f &m If Ware If 250 f 2Rw, 2+ 5 RaraAeMln9ellnler Sedlmeni COnBdpM FA i M.W f 42am S Aaw f 1,mOm f WOOD f New $ 1mw $ 0)a. 22 F..ndln.d T-u tiewlCam0rri5nr FAaopie FA $ t,mo.w S W.p..of f ?1wm 3 2,lwm S SmaW f 5,OOm f "am f Olam a indaname cla4y mM OUEtirq 1 2 f 3.&00,00 f man f law S I $ 50&00 f a,m0.w $ ?OW. u JW Ibrwamap OunawamdafY c s a0) S mm s 200 f 1-- 1.00) 00 $ MIN f "'Wee M appeal.. JPplea CY f 15m f aaw f am f 1,WOm 7500 f am 3 t,Sm.m W FM`0ard0aYY8t Mqu0ramYYbmM SY S 500 $ w0.0 f 4.a f 425 OD •maw f a f Wow 23 FuaOaM NW0ali 0od So $ 3.50 i ;;.W f 575 3 535. 4W .W f •.m f 400. N awalarvmm(Ipmlzd . epww lq ebpaafWn ar s am s fare s law S tWaW $ 1000.. s a.m $ 2W&m a 100 1SataabardaWpMe(mm.Rm40) SY If 1500 3 1,5... f 700 S MDO f 200 S mm 3 la 3 475w w 100 O•Imraad Sm(rm. teR a a t.), Mtludlnp Rnu Goal One S tam 3 "MIN f low f Now f Em f IN, do f a.OD $ IWON 31 IN Er0g00Mst7tlmmtlr0awpnn. l .l.Amyrf, Nb Ca+ SY f Tw f roam If &m S NOW f &m $ wood f 4a S 6500 32 lm +'eryOi TNe 6P0.5, Mtlutllnp TeW GOtl 3V f 140 i taw.. 1 S 1300 S 1.35000 i 1550 f 1,5..00 $ &w f m&0) W lm Eau Minalt ?Npriak Type 5PB.5, Nrtlurdpp Teu Cwr SY i 200 f =.00 $ &W S WD OD S SW f 5000 f 4. S 4000) 3• 100 11? Aypi Taps SaMS, an.dMp If. SY f 13W f I.100 DO S low S 1m0.m If lam 3 1,5050.00 f low f 1,K00 . lOD EW Ard00 IM AyOY Type Wr125. htluMq Tetlr GOe SY f 200 If tbm f low s 1,.0.. If 250 $ NOW f Sa S 525M 31 lm WEarWrgpmmenl ll•gwape 0egn) W $ &w $ WO Do i &w S 800.00 $ low $ IOWOO f SW f WO m 37 1 0 (ram5m0SF) OF f 145 S 145 f IN f 1.W • S 5,0OW f 5,000.00 f am S 0.00 39 + Beier (S,mO Y -1&mo BF) OF f &w If ON f IN S 1.35 O f 1. f IN f &m S Om A 1 Spbatoo,m0aF- a,m00F) OF 3 am If am f 1)b S 1. O S am f am f on f on 6 1 SOekw (N,mO SF -W,M1tl SF) W If ON f ON f I+5 f 1.15 3 s Om f am f Om f on 41 1 erwlw,ppp OF pCnabr) OF 3 0.10 S &10 S IN S taw O $ 0.30 $ am If ON f OW 6 IN Rm mdPgoaeal Etl n0ASpna4Peserren lupin Pl SY f 12OD $ I'M DO f &w f wow If law S 1,0.0.00 f 5.m S Now 6 IN Ran wdDryo de inp COnvetalup Wo ) OY f 13m f 1.3W .W f &m f WOw f 15W f 1.5... $ aOO f 2m&m M IN Rarov OMggm dU.np Type'VCan.Coda 1F If 300 If NOW f SOD f Sere f low $ 10.00. f &m f mdo LS 1. Rurw sM amore 0 Fmr, Trya T' LUnuHe road and pbmfmraY VaNy GVtlT 1E 3 3.50 If Mm f &m 3 Wo.W If 120) f 1.2..00 S am $ Wa.. 4a a PMrM RWmabnlW to la'llneroai�SgapNafl aY f 5200 S I.100 DO f T2110 f NoDo f OOD f 1man f a/m f 1,80135 6 a Typ'F Cm000mx, InrYNrq•'llmsWrPtl 1F f 25.00 f Oa.. i >ZW f 000.00 f 'l2m S Kow i ream f I'M .m a a Tpa'D'Caa IF s ON f NO S 2250 f 550.0 i MOD 3 NOW f MM S 11300.00 s a aVMegplrY Etmuhe Pam wmcunarotlrawlmm taps IN) 1r s aw $ NOW s 4500 If 1, 1a.m s 2500 s Mw f farm f 2175. w 100 4• cmma.sla...Mlrrn 3,mo polwYn cmrp.e.eayr Sr If MM $ 4500.00 $ MAO $ T,smoo f 4200 s 4,ID&W s mw s &crew 5+ 150 W agb GOFaeklndlr. J.Dm pM)M4Cprgaw054yW BY IS 40.50 S •,=..W S OW f B4Om.. S 5250 $ 5,200.00 $ 6.00 f 4,m&W W 10 Ramwud RgLn Erdder W Mnrytl Cmmew Onse.A m pnMOCagMNSUOprade sV S 7500 $ I.. ad S &W f Now If WOD $ 5.000.00 f 12.00 $ 1255050 W IS BrN Pmsa prir,3lr%TNUI on Y.'bsrtl 9M SF f &W If tam S 15000 S 200.. O f 3050 i 5oaW If ON If 21000 s. 100 mina emd Repmo.EN ,Brdm Pmre Of If 200 $ Improol s &m If 500.00 s aw s 7500.00 $ 1100 f 110000 W 100 R- and Replace EZallnp Header Core (up b 12'v 17) W If mm If p,mo.w 3 200 f 2550,50 i aam If 4aw 00 If 250.00 $ 200a00 SO 100 YR1 New O':t2'HOMOr CUN lmn.lo. pvl W S m D f 9.000 W f If Up f 2.70,0 S 200 OD $ 2.00000 S 24.00 S 2,505050 53 t gceatitla Rengi lCanmeb)wM EmnMaM CeIMaEk Warrmq &a® FA f 75080 S 75000 f MIN 3 NOW S 2.M. f ?WO.. S 3,8W .W $ 3,M,W m a FrnWr and Sr00(iwNnY Pm FOOT SmMeN IMax NO 400 tF i 200 f SOm f a.OD f 1875W N f w.. f 1.250.00 S 200 f 3200 w 3 FMNNIMpetexa mmtl EM gricMrpegsxemdy pr F00T 9brda0Ytiv M¢4W Fq f OqW f 10000 f a11w $ 1,5w _m S ;5050. f 400. S 3,000.00 i a,mam w"KIDI' S N0e1G3 NP1ID35 CITY OF AVENTURA Maintenance and Repair for City Roads, Streets, and Facilities Bill Tabulation for Bid No. 15-0+ -2 6.2 010 11 6 ft, 2 013 2n7 /m15 tywntl me Mm Prka 6 N0339MM in 3eMe1 D Coop DwrtrW9wl 100 Fm3aWrb Eamcas Drwp, W. Bo1O CaM0uctlOni Ca Ntaiby Anli Paa3p, Inc. Yen 6sWe DMtlpbn ui Owwr IMOr4Ba MTmI Proptl varmep Prgarl WTC4I ATOM PxurMpa pgaO1 Pertarrrpe araltl vrgml W on Fiatash MlnWg PeBasNan HaMnY W FWT SMMCIMla . am 0 i IB.W i 3)50 3 Won 5 3.125.0 S INN 5 2.50000 f Wan S ?125.00 Bl 50 Furall antl lnmrB'Xi911 Tanporry Gen lAk Fer Jlrp LF 5 1eW 3 Wo.W S MW S 1y50.W fl S 200 f 1,00 .0 $ am s He00 02 W FWRLyl and Instal 31 Man DramaCwldrrx'lim IF i S.W f 200.0 3 1. f 3)50 i SW 5 N&M f IN f 350.0 W W FMwae Fll CY 5 1250 5 4M.W is IMM 3 5)50.0 i S 2000 $ 1D.WOW $ INN $ 9,000 a t Cmvwe Wnwsbp- ImMINE EA s nom 13 12500 S 125.0 Is som f S90D $ Som $ WW W 35 Cp CUAM -tY OierWerXOPE RnWMIOn ImLOnu BaWag. Samirq, eR. as n%eenryto prow, xoM1l IF i WW f 250.0 f )500 f 2,8]5.0 i 100 f 1,00.0 f WW f 2.000 W 25 Pipe Cusat IS'D'rreler HDPE(ln.abmin .aA 9Sa Cs.5 eR. e6nemamryro pro'^,srohl IF S Man f I,TW.W 3 1000 f 2,50,0 f 150 f 1,17500 $ WW $ 220.0 T 25 'v %gng. -a- D'Mmebr RLP 11n albwnlnc4Eea NIBNEVq. WuYq. mc. es nemanryb pronle wwk) Lf i WW f l,'.W.W S 125W f 3,125.0 f WW S 1,200 f 2000 f 2500.0 W M %Fa CUS.en -t0' DMmeler HDPE Bis eC,t -Mme, etc. as nemsnry %owes evnl IF i WW i 1,3)5.0 S 1]500 f ],J)S.W f 0).W i 1,J)SW f 110.0 i '4)5000 W 25 a anc CUMM.tO'Dla ,RCPIInml ) lncNtles Nl eetlGre, 8nvxp, elc. as necwaryb praMe wwkl li $ BtW f 1.52509 S 100.0 i ].815.0 3 00.0D f I.SWOD $ iAW $ 3,00.0 )0 25 Fbe CU1m1- 21'DenMer XD.q.,Mlneass.) M Bg,r Culsl 21.D..n paryropvw, wh) LF i 0).W i 1,895.0 S 265.0 S 1,125.0 S )O.0) f 1,)00.0 f 210.0 i ],5000 71 25 PI%CUMR- 31'Dulmler RLP IInaMYOOn IrcMeesM Oeetlrq, sump alo sa ryttoerYb %o'wea I+orkl LF i )e0) f 1,160.0 f 100.0 f 1,815.0 i WW f 2.00.0 f 100.0 $ 1.000.00 72 25 statonAM -]P D4rMer HOPE OnplMbnlmagnN Bee]mg.ellt i esrRCPalntaprowMxvrR) IF i )SW f 1,8/50 f II5.0 f 5.@5.00 3 100 i ?000 5 ]000 i B.3W0 )] 25 Dw sia CUNM ]P vaus,lRCPlld -icon lnckpnNBeNrp nec Swny,AC as naaryto pmvieework) LF i WW f 2,00.0 f 2500 f 8,'&0.0 S 12D.W f 3.D00.0 f S0W f 7.500.0 71 25 Be,ng.sll alc. esnewwnropow, wh) Dea,$B ssa6'.iss. HOPEnn9erns"as a") IF f 8100 f 20'&.0 f ffi.0 S (,B2S.0 f IBOW i 9,)0 .0 5 17500 s 219)50 )6 25 W Pqe CUISM- 36"Diarreler RCP iMWlbeon l�NBally, sips,, el menroprmMe wdk( e4Y lF i PI00 f 23=00 $ 950 f 0,9)5.0 S 200.0 f 5.00.0 f 800 f 15.0000 IS 25 % %CuMn Oia- ',RCP(lnstalleeonlrcLMaMBaeip &lonrM, M. as necessary to p-de ImrkI %pe CUlren�a9'Dranrer RCP(Insal_lncareo N peas,, e as -canary io pmx0e xwkl Sg lF $ INN S 205.0 S M5W s 10,8250 S 2MM f fawn) f BWW S 1525000 T) 25 IF S 1220 f SIMO.N 5 5150 $ 129500 f 1000 3 WON f )OIL. 3 17,50000 10 25 e, n Ppesio, 'Osemelen R,- .sons) LMNBa06q, ynirg. ac. as recesury M pmnnsram) lF f 190 S AB]SW f W5W $ 15,8250 i BWW f 25.00 .0 f T15W S 18.1230 )9 25 %p Curren- 6D'O�emaler RCPOnmlletim In LenMBaeyq, NrYq,ar essx YM pmNEa wale) IF f 1820 f 1,ffi00 3 )000 s 1),60 .0 f BWW S 10.00 .0 f 8000 $ 21.00 .0 W 01 5 1 %pcii en e)Y'Oiemner RCP IInSaIbMnl itlnM Baetiq, Masi NC. as enaryb pmmoe worF) CmaOuR DrainageWHoX12'Slruwrel lBw Ol/) LF f "an S SINN 3 BMW f 20.0000 S IJWDW S 2500.0 f Warm f 23.750.00 EP 321.201.00 3 21.201.M f S)RM S 3.11 f1SOWW f IS.WDw S 12.00 So f 1200W 02 1 MDoonag"sell(uplolm Deatn)so1 GM M (9,40.0 $ 32000 S X..000 f 35.000.00 SWMDW 3 .,WOW $ M.=w 3 9?00.w W 1 RsDr9 E ,sting Drainage Well lDp to l O natant FA s saw 00 5 0,3000 f 15,0000 5 15.00) on i"mom $ MMw $ M,WO.W s *,m)w 81 25 11f Esnt.anTrenU wiM IS 6Mroe RfP 1Y $ WW f 2.10 .0 f WW S 1,8000 f 1000 f 2500.0 $ INN S 4,8)SW W L lxB Eif9raoon Trent VM IS NrEee RfP IF f 10.00 $ 2.NDno S am 3 2125.01) 3 lE0 S 3,125.00 s )000 $ 1),50.0 M 1 1?MS. -lisp EA f SMM s 000 f W5W 5 8]a. S IAWW $ 1.210 f 675.00 $ WSW 9 1 1SMSD-Sain EA i 650.0 f 65000 s WOW $ BW.W S 2.SWW f 2500. s 7000 s )SO.m M I ISMS bainBrr EA f mw i mw f Izcm $ 1,20.0 f 3,000.W f 5.0. s B.W $ 00.. N 1 'N IDS Pain Bmllr Ew f BMW f ,50.00 S l.1Yi.M $ 1,796.00 s 3.50000 $ 3,5(0.00 f No .W f 950 .00 W t pa01e.e Ini. lips e- 2Px9') EA 3 Sa00W $ A000.. $ 1,475.00 s 1."as f 1.2MW i I.Maw S 1.000 3 a... 91 MellTFe u- b'RwM) FA S 141500 f /115W s 1.93500 S 1975M f +.6000 s 1.5000 S nation $ e,amDO 92 nlA lips C6- O'RwMI FA f 509.0 S 5,0300 f 28500 5 21W.W s 3.00.. S 3,03DN S ),)WM f 7.)W.W W Ns GB- ]2'Rwntl) EA $ 591200 f S.M. 3 swim $ Sai S S,WO.W S 5'oww $ 10,000.. f loomm 91 pe MA- 10'RaM) M $ 1,10.W S !1000 f AW5.0 f 3,09500 f Smaw f soli f sli m f B,9WW 95 e MS- 50- Rountll FA S 50130 s 5,013.0 3 1.000.0 f 1.00000 S 4AMM f 1,000.00 5 7,2p.W $ TM no . e"- 7YRwne1 FA 5 6,02.0 f 5'M so S 13WW S 1.90.W f Small f 5,owN f 10.00.0) $ 10,.0.0 e7 F= e Md -WRWMI EA 325.324M S 25.31.00 f s6Wm 3 5.500 3 7mDW f 7,50.00 s 11,00.W $ 11,00.00 98 ype E410 -125_) iA 531,30.0 S Nj00.(0 f &0000 f B,p50.0 1120000 f 1 ?000.0 f 19,00.0 f 19,,000 99 Rpe lnx Y S loam f 2910.00 3 0).M f 230,0 3 Now $ 5.000.0 $ 2800 S 5NDW IN Pian Liner lF f loom 5 2800.00 S 100.0 s ?essm S MOD f S,e25.0o s 'M..W s 7.WOW lol P.Pa Linx IF S 1... S 26W.W f 1Mw s 1,125.0 3 MM s 8,2000 f 90.0 s ).Mow 100 Pipe Liner IF S 140W S SSW. f MIN $ 5,136.00 S 3wW s 7m000 S Man s 9250(0 100 25 36 GeJnAam N. Liner IF Is Now f Samoa S 500 $ 0.250 on f 3000 3 57B0_w 3 MIN f H.WOW IN 25 ar G.n lam%psllnw IF S Mon 3 emom i Moo S 71121 $ 100 3 10,000(0 f 0W S 15,.3.. 100 25 JW GWnAIam PIq Lin IF 3 210.(0 S sOWW f Man S 7875M f SMIS S 12,5000 3 Mm S 22.5m on IN 1 Cv .0 -..Ena i,Drainage -Mrwne EA $ 900 3 MIN 3 3000 S 6000 S Ism f ?30,0 $ M. f Now 100 IN NV Geamng- 2d'Wep CasMg up tc 100 Feel lntlueing Proper Rgaml Mnhnel LF S ON $ 6,100 s Ww $ O,Om.. f IMw $ IO.WOw f 90.0 $ 9000.0 IN 1 anin BannC nolIMCluN Po. Onpo 1.ps.1t llsors) IrrtlalM[an o1 Plugs. Pumps, ak. x nzmmryto ya'nee wls) EA $ WaW S SSII.. f LO.w 3 EO.w 3 1,O0a. S 1.000.00 S WOW S 650(0 IN 1 .. Cleaning, ImlrlEl, P"er NSporIWM Matenal (w inns InsM4pm 0 Par95. Pump, Me n necessary ro provde 4Y) EA S Mss S M00 $ 2mon S 200,0 S ],50000 f 25MW S W0W $ WO.W 110 W CCN Vtleo lnspewon NEm6ry Pgstuswt MtlMin9Wamen Samara, ueee InOYatlM d %Ypa. Punpr, [h. as nemssary b lF f 100 $ TNW i I.0) S 225(0 f 2200 3 l,Ow.O f ). S T5.(0 111 t 91sY91S PMp -2Hbur RMe, Inqueu Ramxl Ea[. s 2BO.w $ M.W 3 S 0... $ 500 f $ 113 1 31tli 1S H10- 3Lllwr Rate, Mtluen R. EA i 310M S 32500 S )50m f )W.(0 INN M.M. s 700(0 $ iW.O Man INN S $ 00.0 113 1 3Ya3N'PMO- 20.HOUr Rele, Mduees Renusil EA f 95.00 3 95.0 f 00.0 f WO.. S 1,000 INN f iW0 f )5000 111 1 Irtli Hp(9eemM2l'- 2I -XCUr Rine OAdn RenlM FA f 000.0 i SM.OD S 1,2x.0 f 12w.m f t,60w S WOm s WOW 115 m Cbsn ea0np 15'CUMROndueea PromrppuW MMYrMfal, Hp, Pungr, ek. n neeewryM pnnwb xwkl FA f 10.w f 000.(0 f 10) f 2100 i t,0.w s SW f 350w lie 0 Clean EVmng10'CuMnBnGutlea PrmerPgntldN6wr1� Pap,Puny,eznn. to%owe-ra) IF S 15W S )SOw s 5M $ 230(0 $ S 1,200.0 3 s(0 f 300.0 11) W CJe .oaatrn2a'enMn Mdntlm Prom. DlwOSaIMNMawst paBR. Pun',; ek. es snryto prone, woh) IF s 27M $ loam i am f 3wm s 1,500.00 P..M. 3 7M 3 000(0 113 m (lean EVaing 30'CUSen Hntluen Prvpen Oiymsl4NYWriK AOa, WnR en sa n- saws,ac pmutee.) IF a 21m 5 10Mm S am f amm 5 zwom -T -MM s O.m S 1000 119 M Caun EVaong %'CU n(lnWen Proper Pr OMaaMb1. Pia, Punp, eh:. as necewry to P.-as) IF f IIm -$I INN f Son S 10000 f SOOO.w 5 10.0 f 5000 121 M I'2een Emingl2- CuWAOndueee Prt ,DignrrlorNbWrisL Pkp, Forage, eh. es namwryb praw]O,.oral u S MS) S I'Moo S 110 S Now S S.Om f 120 s MIN 121 W Weer FSNng 10'LUMnllndutles Prcpen DwmMdNMrYnM pqa PUnp,ec as mryb%owJe xvhl IF S MIN s I,BSw f 13.00 5 000. 3 ),SW.w 3 1500 f 730_w 010 11 6 ft, 2 013 2n7 /m15 CITY OF AVENTURA Maintenance and Repair for City Roads, Streets, and Fat2ilies Bid Tabulation for Bid No. 1501 -2 6.2 opocm fine legs pan is lligOligMe0 in'ona) O Cap COmtructien. 4,M. a ServbsOralp, Yc. Bab larubr100ar1• Cn Weefby Aspias Paving, Inc. Eaa. Oucry4on Oink Wvr'aty Pananlge of Total Pa�mamga ar. P,*. PaspaOa M]Mel Ra}Ct Pananlpe W I., Props[ m Clean FV9mPN CutwnnnMdnPrapr GrPaNalas MBbaak wPS. Pampa e¢. n newwry b pvtloacni tF 5 3150 $ 1575M s law f MOO i ZWOO 5 1404043 i legs 5 NOW W C an' aang60' CuMn(lndudes Prcmrmrpamaras MalariP PnR Pu"au, eR emneryb pmAf aw[) IF s 31. 5 157503 f I&M 5 NOW s Maas s MWOM f 20110 f I.IMm 50 �Fpcong 73 -Cu1vnn Offi idea Pinner Doi alas Indi PMgs, PUS, eic. as wryio pmd LF S 3750 f 1 875 i 2300 s 114350 s 30OW S 15,030.0) f 31M f 1.E60.m 1 l ,R RpAez PwpwiM pvAege ne- 2sAWrR! FA i BP.W i MU0 s NO s 303.03 f 143.43 S 10343 i 4,W 00 f M t Rwlez PU�ryr:M Cicaerga line- wavo,a FA f 2Mm $ 4m s ]SLLm f ]W.0) s NOW s WOW s +.000M s LWO.as NwMaz PUryxYf lMNage Cne- W"Rale EA1 NOW s Now s +.000.43 S I'mo.m s 1]00 s 120003 f 3150303 S 3.030.43 Nwiaar PUrywMIYM.q.ls. -2I ,R! FA j f +mw $ MLW s NOW f NOW s 34343 $ 3W.m f roW s 27O.W Nwdar PUrywif OYMelpe file -WSekry RaY FA f 43200 f 43100 s 1X0.43 5 1.743.03 f 1,20343 s t,2W.W s 1.343.43 s ,... t PmWa.•PUryxM I%Mmgalaro- MnMntr Rala FA f 1043.03 s I.MW s 1..00 s t,]m.m 5 4Am010 s 4.80000 s 4,9WOO f 4,030.03 1 rFNMrPVrywM IMtlMlpslba- Y41burRr. FA s 243.43 5 NoW s WOm s NOW s SWW s NOW f M0O s 320.00 Pm War PMNxAa Grtlagelin -WwMy Rah, FA j s slam s MLW s zwom s Ism. S 2.00343 s zOWW s 1.800.43 s ,.Wings PwYar NngwM OiWgallne- MwMIyR6 FA is I.Mm s tomm s sam.an s 5,M.w 5 BpmW 5 .00000 f ONOM s SA0300 + ewje POtl fl00 gph, 3rv3P) FA s 1,200.03 $ 1,25000 s MOG s 303.43 f 05043 5 ]5000 f 4m.w i WOUO 25 r8aM 9rgq rMmagaalc) IF s 050 s tiW s 2. f mm s 203 s SOM i 3W s ]500 IS raaFSilawmSngNtlk) LF f 050 s 2103 s IN s a. s IN f W W s 403 s +mm IS rPailWgq(RiwmpleMk) IF s OW s 2250 s 3w s ]OM 5 z25 s as 25 s 443 S 11250 25 'r saw 9algrq (Tiwncpaatic) IF s IN 5 0 G 5 4W S ImW s 2m s 57M s 4IS f 114,15 35 IF 5 243 5 m00 s Lm f tmgs f 250 s Wall s 5.50 5 Islas A NSrld mipre (]Mnmp4sEC) IF f 353 s an f 743 S 176 W S 243 s lSw 5 TOO s 175M 25 r Saw ana iig(]Mmnp'n.) L)" S 043 f WM f 250 s O2w 5 1W s 25.w 5 4W s 15043 0 rseal Wi(Pa.) LF f ON s Rw f t50 3 W s 1m s 25m s zas 5 Wm m raoMWppB(Pan) IF $ ON f Ism S 203 f WW s 1]5 f 3135 5 250 s Rm 25 rSOM aspng(PoM) S O.M f 17M s 2.43 5 man s 1.50 5 .W f 3W s 8150 23 +'S Said Swag (Pa.) 5 1.10 f 2TW f 3.43 $ Mw 5 t]5 S 43.]6 S 4.43 f INN 25 tr SOS] Saw, (Paint) f tm s 3743 S 443 s INN s 243 S SON $ 5W 5 ,300 25 N Ni agna, Wava) s I s 4]b0 6 LW 3 14350 s 2.'b f 0335 s Lm S +Pam 25 WSap SSpq(Pai.) f ON 5 12W s 2.43 S Wm s 125 s 3135 5 343 5 IsW , - Ranawai C) S MOD s n0) s WON s 350.43 s am 00 s 343.43 s low s low 1 MlawlPeai) Is s ]1A0 f Ism f NOW s MOW s 21303 s Zm03 s Ism f W.W s WYIg pr L4br(ilmmgas5c) s 0).W f INN s tw.w 5 500. S 10343 s WOw s Now f 2.54303 1 Ib4op Sinai(eMmglaetic) S MOD f 2x00 f MIN s 4W.m s 1001 f I'slow s MW s MOO 1 1b�6aA sanaM(PW) f am s mM s M. f 3W.W s ]50.50 S ]wgs s Pam s W.W 10 Rasmir. Pinnwl MVpr(RPM) s 3w s 36.43 s ,ow f INN s tW S +ow s roW s MOO 10 R EWMIgTMnopYaSC PwanW Wtllga(Hpo5Mr0 s 240M f 2,400.0 S 4.w i ow s A. 5 250.50 s law S Iwo + F. SMp6gn(W.W) MM s M. s laa). 5 250.43 s +was s 14343 s 14303 s INN cdai lr♦Wpala Q41mMlIW j Oven. -Rate RWWr. Oaar No Rme gain., Rate QntnYry RaY Iaaaaa s 111.03 5 Ww f 43.43 S saw s 20.00 3 1w S NOW s 38.03 FaW�mal opsatr f 34,m s Sim s ]s.m f POW s aW s 00.00 s RW f W.W Faamsn f 4043 s W.W s 50.43 i w03 5 5000 s ]SW s Was f MOO 9pteMlgant s WIN s m43 f roW s WOO s "m s +Paw 3 arm s +43.50 geWazpungeM piWge LYe -Ibay Rala S saw f 0m S 10300 B 10343 f 'AW s AW s WW s saw Rwle.-PUmp Pals L4c5age lira- lbalyRb s INN s +0)W s 143.03 3 2..43 f Pam s WW s WW s Km 11npe 6'43030 vvM Orscnage lma -73001 Rate s zW.1 $ 24343 s 443.43 5 443.43 s wino i mm S WW s W.W 332103.10 3]2 .W 0)i 136.03 ]OP 15 aI0Y010al1orl (rates: 1 Ewaancnimielmn enor- MWlalun saga udaen unn pnca nailpae0 by Omq..W s F ]msron alwiation amr - Ia.lalim sI a5 dwer5 unit pan, naWpSaa b/ W q-MY. a Etlda,i sin, l in elmr - iang awis11aali f" nilprce wnliwb/dO01awk 4 aMinsion ilpnce OmW r-Mi ianshprlmsla 644338N 1 lObytil1gr Y.0ls. 6 Bembn Palwlanwnnlr- (abide( sOwsdW pbmdgPMbydO0uantdY. 1 Etl nma ialiwelmr- mwimma11045M MMp01n%Mpm005'M05uanMy. ] Enenon ralcumlron e�ler- u.Imon slwxs liweA pb .MpYw by M q.nWy S Eaeraunralwmoonenor- 1aWlmlon5llaslv00Vaun4p .WUPbsb/0mgmnMy. s Eannwl,alwlmavenor - Ia.Imlon sla1r5 d0Na un8011501141110803 pN]0mably 35 Emenepn calwlmian.1 -M. lawn Slgra OlwMa and WIN naallpmO by b00uanity 11 EACmuncalwlmion artor - IeWIeOa�sOOrte 40346 43(0430 m8Yp5aE Sy 0M OUenmy. a11lO,,la ..303 2tt]/ID+5 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, BY: Antonio F. Tomei, Capital DATE: February 20, 2014 SUBJECT: Recommendation: Bid No: 15- 02 -02 -2 — Soffer Trail Pavement Restoration March 3, 2015 City Commission Meeting Agenda Item 5P Recommendation It is recommended that the City Commission adopt the attached Resolution awarding Bid No. 15- 02 -02 -2, Soffer Trail Pavement Restoration to the lowest responsible and responsive bidder, Florida Blacktop, Inc. for the price of $85,408.68. This project will be funded by Budget Line Item Number 410 - 5001 - 538 -3110. Background In accordance with the City's Purchasing Ordinance, bids for this project were solicited, advertised, and opened on February 2, 2015. The City received the following three (3) bids for this project. Florida Blacktop, Inc. Solo Construction & Engineering, Inc. Weekley Asphalt Paving, Inc. $ 85,408.68 $ 98,706.00 $138,260.90 This bid price allows for the removal, patching, crack filling and repair of the existing asphalt pathway known as the Soffer Exercise Trail. This is the first phase of this project. The next phase is seal coating the entire path and will be included in next year's budget. If you have any questions or need any additional information, please feel free to contact me. RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID /CONTRACT FOR BID NO. 15- 02 -02 -2, SOFFER TRAIL PAVEMENT RESTORATION, TO FLORIDA BLACKTOP, INC. AT THE BID PRICE OF $85,408.68; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager has, pursuant to the various laws of the State of Florida and the Code of the City of Aventura, properly solicited and accordingly accepted bids for BID NO. 15- 02 -02 -2, Soffer Trail Pavement Restoration; and WHEREAS, sealed bids have been submitted to and received by the City pursuant to the City's Invitation to Bid /Notice to Bidders, specifications, proposals, and requirements for the project/work as cited above; and WHEREAS, staff has determined that Florida Blacktop, Inc. has submitted the lowest responsible and responsive bid for said project/work; and WHEREAS, the City Commission, upon the recommendation of the City Manager, is therefore desirous of awarding said bid /contract to said lowest responsible and responsive bidder; NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: Section 1. That bid /contract for BID NO. 15- 02 -02 -2, Soffer Trail Pavement Restoration, is hereby awarded to Florida Blacktop, Inc. in the amount of $85,408.68. City of Aventura Resolution No. 2015 -_ Page 2 Section 2. That the City Manager is hereby authorized to execute, on behalf of the City, a contract by and between the parties embodying the terms, conditions, and specifications as set forth in the subject Invitation to Bid /Notice to Bidders, bid specifications, bid proposal and bid requirements, or if a City prepared contract was part of said bid proposal, said parties shall execute said prepared contract on behalf of the City. Section 3. That the City Manager is hereby authorized and requested to take all necessary and expedient action to carry out the aims of this Resolution in awarding this bid /contract. Section 4. That the funds to be allocated and appropriated pursuant hereto and for the purpose of carrying out the tenets of this Resolution shall be from Budget Line Item Number 410-5001-538-3110. Section 5. This Resolution shall be 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 Enbar Cohen Commissioner Denise Landman Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman City of Aventura Resolution No. 2015 -_ Page 3 PASSED AND ADOPTED this 3rd day of March, 2015. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY MEMORANDUM CRAVEN THOMPSON AND ASSOCIATES, INC. Date: February 17, 2015 To: Antonio F. Tomei, Capital Projects Manager Office of the City Manager Adolfo A. Gonzalez_ PE, LEED=::. -:,-- From: Adolfo A. Gonzalez, PE, LEED AP, Consulting Engineer AP Reference: Soffer Trail Pavement Restoration Bid Number 15- 02 -02 -2 At your request, we have reviewed the results for the above referenced request for bids. The following contractors submitted a bid: • Florida Blacktop, Inc. • Solo Construction & Engineering Co. • Weekley Asphalt Paving, Inc. Weekley Asphalt Paving, Inc. has successfully performed projects for the City under the previous maintenance and repair contracts. Florida Blacktop and Solo list various municipal and county agencies in their references and also in their lists of representative projects for local governments. Telephone interviews with some of the references for each company indicated positive performance in past projects for each one. Enclosed is a bid tabulation spreadsheet showing all of the individual unit and extended prices. The apparent low bidder is Florida Blacktop, Inc. There is an extension error in one of Florida Blacktop's price and we recommend contacting Florida Blacktop to confirm they will accept the corrected extension prior to awarding a contract. Please refer to the note at the end of the bid tabulation sheet. It is our opinion that Florida Blacktop, Inc. is a responsible bidder and recommend awarding the contract to them in the amount of $85,408.68. If you have any questions or require any additional information, please call. Enclosure: Bid Tabulation Z O Q 0 N � W p Q Z O w w m ~ W Z w Q V a 'm LL O < C F O —w !o U(n� U m W ~ W m K W LL LL O N m N N m O! N w 0 m M Y C r 2 O z w U rc a [0 J f O r m O c O a m n a a m n E j 0 0 L N c a 0 `d C O N U c O d W 0 r Z 2 - a ° O � n a O o 0a O 0 0 0 0 0 0 0 0 0 Q O V d O O O O Q O N O O 0 0 0 rn O Om0 WIC i0 COO 0 N m n 0. 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O y J rn K O m O d y m r rnLn Z'in c yl. m a Uu L g U r n v co it m 2 m w m E m a 07 E a U n U u , m j O El a m N a .O O U 0 u m • y OI o c �°„ m w C7 m ,5 Z d N y n w LLD O) Um d..Wx X C �dQ O. O m O. a0 mi QQ wa c crw ° w E L and E El-Ea c ,� Za D K r c .d E mLL d ~" d m'� � o c C x m Z d O O c Q m x Z d o d o W 3 v a Y L H m a F 'n ~ m d 0 Z W �° c m d Q m a's g° m_° o a :°• A g� m :°. 2 UUr o °Y' O� Oarmim Q m U p� m, a a c c Z ld c = C IL rn �[ a x.Q m m W W M `j w U Fj m m m S L d'I ] d C W L L iC� .O ] L W l0 c m LL� 3 r 2� O�I O O E O m m .` w m v) O- d Z O1 c can Q: c m> E E i U a E > E c W v a O rn- T J d Q d d m_ >>> Q N N d ii C7 J N N r LL w LL K.2 WILL b w LL LL LL K LL m m OI 10 rn m OC'j N N N M O O Z m N N m O! N w 0 m M Y C r 2 O z w U rc a [0 J f O r m O c O a m n a a m n E j 0 0 L N c a 0 `d C O N U c O d W 0 r Z 2 - a ° O � n a CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, City an ger DATE: February 23, 2015 SUBJECT: Resolution Encouraging the County Address Sea Level Rise to Adopt Plan of Action to March 3, 2015 City Commission Meeting Agenda Item 5'E As discussed and directed at the February Workshop Meeting, attached please find the subject Resolution for your approval. EMS /act CCO1897 -15 RESOLUTION NO. 2015- A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, ENCOURAGING THE MIAMI -DADE BOARD OF COUNTY COMMISSIONERS TO ADOPT A PLAN OF ACTION TO ADDRESS SEA LEVEL RISE; DIRECTING THE CITY CLERK TO TRANSMIT A COPY OF THIS RESOLUTION TO THE MAYOR AND COUNTY COMMISSIONERS OF MIAMI -DADE COUNTY, FLORIDA, THE MIAMI - DADE COUNTY LEAGUE OF CITIES, INC. AND MUNICIPALITIES IN MIAMI -DADE COUNTY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, numerous studies have established that South Florida is comprised of some of the world's most vulnerable areas to the impacts of sea level rise; and WHEREAS, scientists believe that the rising sea level will threaten some of the region's most vital facilities; and WHEREAS, South Florida's sea level rose about eight inches during the past century, and is projected to increase by as much as two feet as early as 2048 and could go up to three feet by 2063; and WHEREAS, South Florida is exceptionally vulnerable to sea level rise due to its unique geology that is built on porous limestone, which is slowly filling up as the sea level rises, making the land, streets and neighborhoods more likely to flood and cause sewer systems to back up into homes and gardens; and WHEREAS, southeast Florida's roads, bridges, and businesses already are facing flooding because of higher sea levels; and WHEREAS, rising sea level threatens all of South Florida's popular coastal areas and could alter the freshwater supply that feeds our cities and agriculture; and WHEREAS, with sea level rise of only three to nine inches, southeast Florida could lose 70 percent of its drainage capacity in the 28 control structures that protect the region from flooding and saltwater intrusion; and City of Aventura Resolution No. 2015 -_ Page 2 WHEREAS, parts of Miami -Dade have already experienced an increased frequency of urban flooding caused by higher high tides, elevated groundwater levels, and over saturated soils; and WHEREAS, the Miami -Dade Sea Level Rise Task Force ( "SLRTF ") reviewed the relevant data and prior studies, assessments, reports, and evaluations of the potential impact of sea level rise on vital public services and facilities, real estate, water and other ecological resources, water front property, and infrastructure; and WHEREAS, the SLRTF issued a report with their findings on July 1, 2014, that included a comprehensive assessment of the likely and potential impacts of sea level rise and storm surge over time, to be used to help develop a set of recommendations relative to amendments to the Comprehensive Development Master Plan, capital facilities planning, budgetary priorities, and other County programs as necessary, to ensure that Miami -Dade County is taking all appropriate actions to address sea level rise and to ensure its resiliency to the increase in sea level rise, storm surge and related impacts which are expected to occur; and WHEREAS, the SLRTF set forth numerous recommendations in their report that could aid Miami -Dade County in coping with sea level rise; and WHEREAS, the Miami -Dade Board of County Commissioners will discuss the adoption of various resolutions to move the recommendations of the SLRTF into action. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Recitals. That the above- stated recitals are hereby adopted and confirmed. City of Aventura Resolution No. 2015 -_ Page 3 Section 2. Call to Action. That the City Council hereby encourages the Miami -Dade Board of County Commissioners to adopt a plan of action, taking into account the recommendations of the Sea Level Rise Task Force, to address sea level rise and its current and future effects on coastal and inland communities. Section 3. Directions to City Clerk. The City Clerk is hereby directed to transmit a copy of this Resolution to the Mayor and County Commissioners of Miami- Dade County, Florida, the Miami -Dade County League of Cities, Inc. and municipalities in Miami -Dade County. Section 4. Effective Date. That this Resolution shall become effective immediately upon adoption hereof. 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 Enbar Cohen Commissioner Denise Landman Commissioner Marc Narotsky _ Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman PASSED AND ADOPTED THIS 3rd day of March, 2015. City of Aventura Resolution No. 2015 -_ Page 4 ENID WEISMAN. MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, City anager BY: Brian K. Raducci, Finance Director DATE: February 20, 2015 SUBJECT: Comprehensive Annual Financial Report (CAFR) Fiscal Year Ended September 30, 2014 March 3, 2015 City Commission Meeting Agenda Item rF Recommendation It is recommended that the City Commission approve the following motion "Motion to accept for filing of the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended September 30, 2014 and the letter dated February 19, 2015 attached hereto as Attachment A." Background The CAFR, a letter from our independent auditors — Keefe McCullough and a staff - prepared memorandum (all dated February 19, 2015), were distributed electronically to the City Commission on February 20, 2015. The Rules of the Auditor General, Chapter 10.550, require that the CAFR be filed as an official record at a public meeting. This motion satisfies that requirement. In addition, the auditors have requested that their letter dated February 19, 2015, identified as "Attachment A" on the staff - prepared memorandum, be accepted for filing with the City Commission. A representative from the auditing firm will be present at the March 3rd City Commission meeting. However, since the CAFR is the City's responsibility, I respectfully request that any questions be discussed with the City Manager prior to the meeting. :3: OLM ATTACHMENT A A LETTER FROM OUR INDEPENDENT AUDITORS - KEEFE MCCULLOUGH DATED FEBRUARY 19, 2015 Keefe McCullough CPA's + Trusted Advisors February 19, 2015 To the Honorable Mayor, Member of the City Commission and City Manager City of Aventura, Florida We have audited the financial statements of the governmental activities, business -type activities, each major fund, and the aggregate remaining fund information of the City of Aventura, Florida (the "City "), for the year ended September 30, 2014. We did not audit the financial statements of the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, which represent 100 %of the total assets, net position, and revenues of the fiduciary funds. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, is based solely on the report of the other auditors. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our engagement letter to you dated December 1, 2014. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Findings Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year, except for the implementation of GASB Statement No.67, Financial Reporting for Pension Plans — An Amendment of GASB Statement No.25; which was adopted by the City of Aventura Police Officer's Retirement Plan Pension Trust Fund. We noted no transactions entered into bythe City during the yearfor which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the City's financial statements were: • Defined Benefit Pension Plan — The net pension asset is calculated as the difference between the annual required contributions and the actual contributions made by the City. The City with input from its pension actuary developed the actuarial assumptions based on relevant criteria. Management reviewed and approved the financial statements estimates derived from the pension actuarial report. KMCcpa.com 1 6550 N Federal Hwy, 4th Floor Fort Lauderdale, FL 33308 Phone: 954.771.0896 Fax: 954.938.9353 City of Aventura, Florida - 2 - February 19, 2015 Depreciation of capital assets — Depreciation is provided on a straight -line basis over the respective estimated useful lives ranging from 3 to 40 years. The City has informed us they used all relevant facts available to them at the time of acquisition to make the best judgments about the depreciation methods and estimated useful lives of capital assets. • Net OPEB Obligation - In Florida, state statutes require that the employer make health insurance coverage available to retirees at the employer's group rate. This creates an implicit cost arising as a result of the blended rate premium since retiree health care costs, on average, are higher than those of active employee healthcare costs. In addition, the City's policy is to pay those premiums for certain department directors at retirement. The City obtained an actuarial valuation to record its estimated cost and liability in accordance with the requirements of GASB Statement No. 45, Accounting for Financial Reporting by Employers for Post - Employment Benefits Other than Pensions (OPEB). We evaluated the key factors and assumptions used by management to develop and report the above significant estimates in determining that they are reasonable in relation to the financial statements taken as a whole. The financial statement disclosures are neutral, consistent, and clear. Difficulties Encountered in Performing the Audit We encountered no difficulties in dealing with management in performing and completing our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. There were no such misstatements identified during our audit. In addition, we are responsible to communicate adjustments made to the financial statements arising from our auditing procedures that could, in our judgment, have a significant effect on your current financial reporting /process. There were no such adjustments identified during our audit. Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting or auditing matter, whether or not resolved to our satisfaction that could be significant to the financial statements or the auditor's report. We are pleased to report that no such disagreements arose during the course of our audit. Management Representations We have requested certain representations from management that are included in the management representation letter dated February 19, 2015. Management Consultations with Other Independent Auditors In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the City's financial statements or a determination of the type of auditor's opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. City of Aventura, Florida - 3 - Other Audit Findings or Issues February 19, 2015 We are to discuss with the City Commission any major issues discussed with management in connection with our retention as auditors, including the application of accounting principles or auditing standards. There were no issues discussed with management in connection with our retention as auditors. Other Matters We applied certain limited procedures to the required supplementary information that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparingthe information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on supplementary information (combining fund financial statements and budgetary comparison schedules) which accompany the financial statements. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statement themselves. Restriction on Use This information is intended solely for the use of the City Commission and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties. U JVId-'� KEEFE McCULLOUGH THE CITY OF AVENTURA, FLORIDA Comprehensive Annual Financial Report For The Fiscal Year Ended SePtember 30, 2014 ALIV FLOC COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE CITY OF AVENTURA, FLORIDA FOR THE YEAR ENDED SEPTEMBER 30, 2014 GO Prepared By The Finance Department Brian K. Raducci, Finance Director Brent Rogers, Controller �� IN �■ rl FIN r! GO Prepared By The Finance Department Brian K. Raducci, Finance Director Brent Rogers, Controller CITY OF AVENTU RA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS September 30, 2014 INTRODUCTORY SECTION: PAG ES Letter of Transmittal i -vi List of Principal Officials vii Organizational Chart viii Certificate of Achievement for Excellence in Financial Reporting ix FINANCIAL SECTION: Independent Auditor's Report 1 -3 Management's Discussion and Analysis (Unaudited) 4 -13 Basic Financial Statements: Government -Wide Financial Statements: Statement of Net Position 14 Statement of Activities 15 -16 Fund Financial Statements: Balance Sheet - Governmental Funds 17 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 18 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 19 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 20 Statement of Net Position - Proprietary Fund 21 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Fund 22 Statement of Cash Flows - Proprietary Fund 23 Statement of Net Position — Fiduciary Fund - Police Officers' Retirement Plan 24 CITY OF AVENTURA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS (continued) September 30, 2014 PAGES Statement of Changes in Net Position — Fiduciary Fund Police Officers' Retirement Plan 25 Notes to Basic Financial Statements 26 -52 REQUIRED SUPPLEMENTARY INFORMATION: Budgetary Comparison Schedules: Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund 53 -55 Schedule of Revenue, Expenditures and Changes in Fund Balance — Budget and Actual — Street Maintenance Fund 56 Schedules of Funding Progress — Police Officers' Retirement Plan Fund and Other Post - Employment Benefits 57 Schedule of Contributions From the Employer and the State of Florida - Police Officers' Retirement Plan Fund 58 Notes to Required Supplementary Information 59 OTHER FINANCIAL INFORMATION: Combining Fund Financial Statements: Combining Balance Sheet - Nonmajor Governmental Funds 60 -61 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds 62 -63 Budgetary Comparison Schedules: Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Special Revenue Funds 64 -65 Schedules of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual — Capital Projects Fund 66 Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Debt Service Funds 67 -70 STATISTICAL SECTION (NOT COVERED BY INDEPENDENT AUDITOR'S REPORT): Table 1- Net Position by Component Table 2 - Changes in Net Position 71 72 -73 CITY OF AVENTURA, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS (continued) September 30, 2014 PAGES Table 3 - Governmental Activities Tax Revenues by Source 74 Table 4 - Fund Balances of Governmental Funds 75 Table 5 - Changes in Fund Balances of Governmental Funds 76 -77 Table 6 - General Governmental Tax Revenues by Source 78 Table 7 - Assessed Value and Estimated Actual Assessed Value of Taxable Property 79 Table 8- Property Tax Rates - Direct and Overlapping Governments 80 -81 Table 9 - Principal Property Taxpayers 82 Table 10 - Property Tax Levies and Collections 83 Table 11- Ratios of Outstanding Debt by Type 84 Table 12 - Ratios of General Bonded Debt Outstanding 85 Table 13 - Direct and Overlapping Governmental Activity Debt 86 Table 14 - Legal Debt Margin Information 87 Table 15 - Demographic and Economic Statistics 88 Table 16 - Occupational Employment by Group - Miami -Dade County, Florida 89 Table 17 - Full -Time Equivalent City Government Employees by Function 90 Table 18 - Operating Indicators by Function 91 Table 19 - Capital Asset Statistics by Function 92 COMPLIANCE SECTION: Independent Auditor's Report on Internal Control Over Financial Reporting and On Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 93 -94 Independent Auditor's Report to City Management 95 -96 Independent Auditor's Report on Compliance with Section 218.415 Florida Statutes 97 } February 19, 2015 To the Honorable Mayor, Members of the City Commission and Citizens of the City of Aventura, Florida C14ty of -AL-ventura Government Center 19200 West Country Club Drive Aventura, Florida 33180 ENID WEI SMAN MAYOR COMMISSIONERS ENBAR COHEN TERI HOLZBERG DENISE LANDMAN MARC NAROTSKY ROBERT SHELLEY HOWARD WEINBERG ERIC M. SOROKA, ICMA -CM CITY MANAGER In accordance with Section 11.45(3)(a) (4), Florida Statutes, and Article I, Section 4.11 of the City of Aventura (the "City ") Charter, we hereby submit the City's Comprehensive Annual Financial Report (the "CAFR ") for the fiscal year ended September 30, 2014. The CAFR includes an Introductory, Financial, Statistical and Compliance section. The financial statements included in the CAFR conform to accounting principles generally accepted in the United States ( "GAAP ") as set forth by the Governmental Accounting Standards Board ( "GASB "). Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. We believe this data fairly reflects the financial position of the City and the results of its operation. The Certified Public Accounting firm of Keefe McCullough, has issued an unmodified ( "clean ") opinion on the City's financial statements for the fiscal year ended September 30, 2014. The independent's auditor report is located at the front of the Financial Section of this report. Management's Discussion and Analysis ( "MD &A ") immediately follows the independent auditor's report and provides a narrative introduction, overview and analysis of the basic financial statements. MD &A complements this letter of transmittal and should be read in conjunction with it. PROFILE OF THE GOVERNMENT The City was incorporated on November 7, 1995 and is a political subdivision of the State of Florida. It is located on the Intracoastal Waterway in northeast Miami -Dade County (the "County ") between Miami and Fort Lauderdale. The City is 3.2 square miles and serves a population of more than 37,000 residents and 2,700 businesses. Pursuant to its Charter, the City operates under a commission - manager form of government. Under this form of government the City Commission (the "Commission ") and the City Manager are the legislative and executive branches of the government, respectively. The Commission enacts PHONE: 305- 466 -8900 • FAX: 305- 466 -8939 www.cityofaventura.com 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 City's Chief Executive Officer who oversees the day -to -day operations, administers the City's service providers, prepares long range plans and implements the policies established by the Commission. The Commission is comprised of seven (7) members, including the Mayor and six (6) Commissioners. The Mayor is the ceremonial leader of the City and is considered to be "part- time." 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 matters to and to discuss and vote on matters before the Commission. A Commissioner is considered to be "part- time" and is elected to serve a four -year term. For election purposes, the William Lehman Causeway divides the City into two 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. 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. The City employs 164 full -time positions and provides high - quality public services including General Government, Public Safety and Community Services to its residents and business community. Public Safety On March 25, 2000, the Aventura Police Department became the youngest agency to ever receive accreditation status through the Commission on Accreditation for Law Enforcement Agencies, Inc. ( "CALEX). The accreditation means the Police Department has been recognized by an independent organization composed of representatives of the International Association of Chiefs of Police, the National Sheriff's Association, the National Organization of Black Law Enforcement Executives and the Police Executive Research Forum and has complied with over 400 standards that have been established as benchmarks of excellence. The Aventura Police Department has met or exceeded international accreditation standards set by CALEA. Accreditation is a coveted award that symbolizes professionalism, excellence and competence. The accreditation process increases the Department's ability to prevent and control crime through more effective and efficient delivery of law enforcement services to the community. The process enhances community understanding of the Department and its role in the community, its goals and objectives. A City with a Strong Community In recent years, the City has adopted several initiatives aimed at reinforcing a strong sense of community. With the building of its first Charter School in 2003, a state -of -the -art Community Recreation Center, Founders Park and Waterways Park Expansion and the Aventura Arts & Cultural Center, the City continues to grow and progress in this effort. Community Services The City offers many parks and recreational facilities to its residents including Founders Parks and the Community Recreation Center and provides a wide variety of recreational services and athletic leagues for children and adults including tennis and fitness programs. The City also offers winter, spring and summer camps and teacher planning day programs and City -wide special events (i.e., Founders Day) that foster community spirit and pride. In addition, the City offers senior programs such as trips to local theaters, museums and historical points of interest. Aventura Express Shuttle Bus You can explore the City and connect to both Miami -Dade and Broward Transit services by utilizing one (1) of the five (5) convenient Aventura Express shuttle bus service routes. The Aventura Express serves the Aventura community within its boundaries to major points of interest like the Aventura Mall, Aventura Community Recreation Center, the Aventura Arts & Cultural Center and the Northeast Branch of the Miami -Dade Library to name a few. Aventura City of Excellence School The City owns and operates the Aventura City of Excellence School (the "School "). The School is a K -8 Municipal Charter School that is part of the City's government and is not a separate legal entity or otherwise organized apart from the City. The School operates under a charter granted by the sponsor — the Miami -Dade County Public School District. The current charter is effective until June 307 2018 but provides for a renewal of up to 15 years by mutual agreement of both parties. Since its opening on August 25, 2003, the Aventura Charter Elementary School has achieved several milestones in the City's short history. The School was the first within the City's boundaries and the first municipal sponsored charter school in the County. In 2005, the School amended the charter to include grades six through eight. In 2012, the School amended the charter to increase its capacity from 972 to 1,032 students over the next five (5) years commencing with the 2012/13 school year. The 2013/14 school year represented the 11 t" year of the School's operations. The School has been well received and has been at full capacity since its inception and has obtained academic success by receiving an "A" grade from the State of Florida for the past ten (10) years. The School served 996 students and will serve 1,008 students in the 2013/14 and the 2014/15 school years, respectively. In accordance with Chapter 10.850, Rules of the Auditor General of the State of Florida, the School is required to prepare special purpose financial statements. Section 10.855(4) states that the special purpose financial statements should present the charter school's financial position including the charter school's current and capital assets and current and long -term liabilities, and net position; and the changes in financial position. Aventura Arts & Cultural Center The Aventura Arts & Cultural Center ( "AACC ") is a beautiful 14,864 square -foot waterfront performing arts facility situated on the intracoastal whose mission is to enhance the quality of life for Aventura by providing a variety of performing arts and relevant cultural programming for audiences of all ages. The AACC has been managed by the Broward Center for the Performing Arts since its opening in October 2010 and has just completed its fourth season. The AACC has become the cultural heart of the City as thousands have enjoyed a wide range of shows in this beautiful waterfront facility. Budget Process The City's fiscal year begins on October 1St and ends on September 30th of each year as mandated by Florida statutes. The City Manager submits to the 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 that is received on July 1St. The appropriations contained in the proposed recommendation shall not exceed the funds derived from taxation and other revenue sources. The budget is approved via Commission adoption of an Ordinance at two (2) public meetings scheduled for September and becomes effective October 1St. An annual appropriated budget is adopted for all governmental funds with the exception of the Charter School Fund, Federal Forfeiture Fund and Law Enforcement Trust Fund. The City Manager is authorized to transfer part or all of an unencumbered appropriation balance within departments within a fund; however, any revisions that alter the total appropriations of any department or fund must be approved by the City Commission. The classification detail at which expenditures may not legally exceed appropriations is at the department level. ECONOMIC CONDITION AND OUTLOOK Local Econom y The City is an affluent suburb in a metropolitan area and serves as a major retail and medical economic driver and attraction for South Florida. It is home to the Aventura Mall which is ranked the #2 Most Visited Shopping Mall in the U.S. by Travel + Leisure, South Florida's largest super regional mall and is ranked one of the top five highest grossing malls in the country in sales per square foot. The Aventura Mall is a 2.7 million square -foot multi -level indoor shopping center. In addition, the City is home to many other beautiful shopping centers, fine dining establishments and the Aventura Hospital and Medical Center. In September 2014, the Commission adopted the budget for the fiscal year beginning October 1, 2014. The budget adopted the same tax rate as the prior year of 1.726, which is the lowest rate in the County, making it the City's 19th year without a property tax increase. The City's property tax component is only responsible for approximately 10% of the total tax bill, with the largest portions being incurred from the County and School Board. In FY 2014/15, the City will maintain the same service levels and programs that our residents and businesses enjoyed FY 2013/14. More information about the City's economy may be obtained from page 12 of the MD &A. Maior Capital Improvements One of the City's main priorities is to maintain its infrastructure to a high standard. As a result, the City completed the following major capital improvements during fiscal year 2014: ✓ Aventura Park Facilities Improvements ✓ Country Club Drive (Southbound) Road Resurfacing ✓ Biscayne Boulevard Decorative Street Lighting Improvements Phase III & IV In addition, the NE 185th Street /Biscayne Median Channelization Modification was in process at the end of fiscal year 2014: In fiscal year 2015, the City plans on completing the following major capital improvements: • $ 1.3 million worth of drainage, street lighting, road resurfacing and safety improvements on NE 29th Place. • $ 0.7 million worth of road resurfacing on NE 207th Street and Biscayne Lake Gardens. • Continue to implement and update 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. • Update the City's Traffic Video Monitoring System by funding $ 1.5 million in system upgrades and expansion to the latest state -of- the -art equipment. • Fund laptop computers and new vehicles for the Police in the amount of approximately $ 0.8 million. • Continues to adopt "Go Green" initiatives in order to save energy, conserve precious natural resources and reduce our impact on climate change. LONG -TERM FINANCIAL PLANNING AND RELEVANT FINANCIAL POLICIES Maintainin_g Adequate Fund Balances The City follows GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions which requires that governmental fund financial statements present fund balances based on classifications that comprise a hierarchy that is based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the respective governmental funds can be spent. Some of our more significant fund balance classifications include: iv Committed: This classification includes amounts that can be used only for the specific purposes as determined by adoption of an ordinance by the Commission. Once adopted, the limitation imposed by the ordinance remains in effect until another ordinance either removes or revises the limitation. Effective September 30, 2014, the Commission provided a Capital Reserve of approximately $ 16.4 million and continued to maintain a Hurricane /Emergency and Disaster Recovery Reserve in the amount of $ 5 million. Unassigned: This classification includes the residual fund balance for the General Fund and represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. The City maintains a Fiscal Stability Reserve of 10% of the annual General Fund revenue to meet seasonal shortfalls in cash flow and reduce susceptibility to emergency and unanticipated expenditures and /or revenue shortfalls. 10% of the FY 2014/15 annual General Fund revenue approximates $ 3.4 million, while at September 307 2014 Unassigned fund balance approximated $ 13.6 million. Pay-As-You-Go Financing 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. In order to minimize our debt issuance (and the related costs) to when it is absolutely necessary, the City has adopted apay -as- you -go financing policy for CIP projects which include: • A large number of projects having a relatively small dollar value. • Projects which can be broken into phases with a portion completed each year without impairing the overall effectiveness of the project. • Projects which are of a recurring nature. • Projects where the assets acquired will have relatively short useful lives. By adhering to this policy, the City has been able to utilize reserves and pay cash instead of issuing debt to fund the Charter School and the Government Center Garage Expansion projects. Privatization of City Services The City utilizes a model of privatizing the operations of many service areas to allow for a more cost effective service delivery system as compared to the traditional government structure. By utilizing outside contractors to provide certain functions such as Building Inspection and Engineering Services, the City is able to quickly adjust its cost of providing such services in direct correlation to the demand for the related service. AWARDS AND ACKNOWLEDGEMENTS The Government Finance Officers Association of the United States and Canada ( "GFOX) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Aventura for its comprehensive annual financial report for the fiscal year ended September 30, 2013. This was the eighteenth consecutive year that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. The City also received the GFOA's Distinguished Budget Presentation Award for its annual budget document for the fiscal year beginning October 1, 2013. To qualify for the Distinguished Budget Presentation Award, the City's budget document had to be judged proficient as a policy document, a financial plan, an operations guide, and a communications device. v The preparation of this report on a timely basis could not have been accomplished without the efficient and dedicated services of the entire Finance Department. We express our appreciation to all members of the Department who assisted and contributed to its preparation. We also wish to thank the City Commission for their interest and support in planning and conducting the City's financial operations in a responsible and progressive manner. Respectfully submitted, Eric M. Soroka, - lQKAA -CM City Manager -I- fF� Brian K. Raducci Finance Director vi CITY OF AVENTURA, FLORIDA LIST OF PRINCIPAL OFFICIALS Title Name Mayor Enid Weisman Commissioner Enbar Cohen Commissioner Teri Holzberg Commissioner Denise Landman Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg City Manager Eric M. Soroka Community Services Director Robert M. Sherman City Clerk Ellisa L. Horvath Community Development Director Joanne Carr Information Technology Director Karen J. Lanke Police Chief Steven Steinberg Charter School Principal Julie Alm Finance Director Brian K. Raducci Arts & Cultural Center General Manager Steven D. Clark City Attorney Weiss Serota Helfman Cole Bierman & Popok, P.L. City Auditor Keefe McCullough vii CITY OF AVENTURA Organizational Chart F-- City Attorney Legal Services Public Safety Community Department Development Department Police Planning Patrol Zoning Community Relations Building Inspections Criminal investigations Code Enforcement Traffic Enforcement Economic Development Emergency Preparedness Ot-t-" nfinnni Licenses V F-- Charter School Arts & Cultural Department Center 1 11 1 Department I Residents City Commission City Manager City Clerk Administration Budget Preparation Minutes Customer "')ervice Records Retention Capital Projects Clerical Support Elections Finance Community Department Services Department Finance/Accounting Purchasing Risk Management Personnel K-8 School Facility Management Performing Arts Programming Viii Information Technology Department Community Facilities Parks/Beautification ROW/Median Maint. Public Works Mass Transit Special Events Recreation/Cultural 2 49 k v -ient France Officers Ass iation Certificate of Achievement for Excellence in @. Financial Reporting Presented to C .4 0 Atv of Aventura v Florida For its Cojoap ehensi e Aluiu,,i 1 F mmclal Report for ffie Fiscal Year Ended September 30, 2013 A*r xg:.�PAq" Executive Director ICED ix FINANCIAL SECTION Keefe M cCullough CPA's +Trusted Advisors INDEPENDENT AUDITOR'S REPORT To the Honorable Mayor Members of the City Commission and City Manager City of Aventura, Florida Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Aventura, Florida (the "City "), as of and for the year ended September 30, 2014, and the related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, which represent 100% of the assets, net position, and revenues of the fiduciary funds. Those statements were audited by other auditor's whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, is based solely on the report of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. KMCcpa.com 6550 N Federal Hwy, 4th Floor Fort Lauderdale, FL 33308 Phone: 954.771.0896 Fax: 954.938.9353 1 City of Aventura, Florida We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, based on our audit and the report of other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City as of September 30, 2014, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and the schedules of funding progress for pension and other post - employment benefits, and contributions from the employer and the State of Florida on pages 4 through 13 and 57 through 58, respectively, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We and other auditors have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The introductory section, other financial information, budgetary comparison schedules, and statistical section, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The other financial information and budgetary comparison schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the other financial information and budgetary comparison schedules are fairly stated in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. 2 City of Aventura, Florida Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 19, 2015, on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control over financial reporting and compliance. Fort Lauderdale, Florida February 19, 2015 3 KEEFE McCULLOUGH CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 As management of the City of Aventura (the "City "), we offer readers of the City's financial statements this narrative overview and analysis of the City's financial activities for the fiscal year ended September 30, 2014. We encourage readers to consider the information presented herein in conjunction with the Letter of Transmittal, which can be found on pages i through vi of this report. All amounts, unless otherwise indicated, are expressed in thousands of dollars. Financial Highlights • The assets and deferred outflows of resources of the City exceeded its liabilities at the close of the most recent fiscal year by $ 118.3 million (net position). Of this amount, $ 38.8 million represents unrestricted net position, which may be used to meet the government's ongoing obligations to citizens and creditors. • The City's total net position increased by $ 6.5 million over the course of this year's operations. Net position of our business -type activities increased by $ 0.06 million, and the net position of our governmental activities increased by $ 6.4 million. • At the close of the current fiscal year, the City's governmental funds reported combined fund balances of $ 42.9 million, an increase of $ 1.3 million in comparison with the prior year. Approximately 32% of this amount ($ 13.6 million) is available for spending at the government's discretion (unassigned fund balance). • At the end of the current fiscal year, unrestricted fund balance (the total of committed, assigned and unassigned components of fund balance) for the General Fund was $ 35.8 million, or approximately 110% of total General Fund expenditures. Overview of the Financial Statements The financial section of this annual report consists of four (4) parts — management's discussion and analysis (this section), the basic financial statements, required supplementary information, and other financial information that presents combining and individual fund financial statements and budgetary comparison schedules. MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS Government -Wide (Full Accrual) Governmental Activities Business -Type Activities (No Fiduciary Activities) Fund Governmental (Modified Accrual) Proprietary (Full Accrual) Fiduciary (Full Accrual) I Notes to the Financial Statements I REQUIRED SUPPLEMENTARY INFORMATION OTHER FINANCIAL INFORMATION Supplementary Information - Combining Fund Financial Statements & Budgetary Comparison Schedules Cl CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 Major Features of the Basic Financial Statements Scope Required financial statements Accounting basis and measurement focus Type of asset, liability, and deferred outflows /inflows information Government -Wide Financial Statements Entire City government (except fiduciary activities) * Statement of net position * Statement of activities Accrual accounting and economic resources focus All assets and liabilities, both financial and capital, and short -term and long- term. It also includes the consumption and the acquisition of net position that applies to future period(s). Basic Financial Statements Governmental Funds Activities of the City that are not proprietary or fiduciary * Balance sheet * Statement of revenues, expenditures, and net changes in fund balances Modified accrual accounting and current financial resources focus Only assets expected to be used up and liabilities that come due during the year to soon thereafter, no capital assets and long- term liabilities are included. It also includes the consumption and the acquisition of net position that applies to future period(s). Fund Financial Statements Proprietary Funds Activities of the City that are operated similar to private business * Statement of net position * Statement of revenues, expenses, and changes in net position * Statement of cash flows Accrual accounting and economic resources focus All assets and liabilities, both financial and capital, and short -term and long- term. It also includes the consumption and the acquisition of net position that applies to future period(s). Fiduciary Funds Instances in which the City is the trustee or agent for someone else's resources * Statement of net position * Statement of changes in net position Accrual accounting and economic resources focus All assets and liabilities, both short -term and long- term. It also includes the consumption and the acquisition of net position that applies to future period(s). Government -wide financial statements. The focus of the government -wide financial statements is on the City's overall financial position and its activities. Reporting is similar to that of a private- sector business. The government -wide financial statements report information about the City as a whole and about its activities in a way that helps answer questions about the City's financial health and whether the current year activities contributed positively or negatively to that health. The City's government -wide financial statements include the statement of net position and statement of activities. As described below, these statements do not include the City's fiduciary activities because resources of these funds cannot be used to finance the City's activities. However, the financial statements of fiduciary activities are included in the City's fund financial statements because the City is financially accountable for those resources, even though they belong to other parties. • The Statement of Net Position presents financial information on the assets held and liabilities owed by the City, both long and short -term, as well its deferred outflows /inflows of resources. Assets are reported when acquired by the City and liabilities are reported when they are incurred, regardless of the timing of the related cash flows to acquire these assets or liquidate such liabilities. For example, the City reports buildings and infrastructure as assets even though they are not available to pay the obligations incurred by the City. On the other hand, the City reports liabilities, such as other post - employment benefits even though these liabilities might not be paid until several years into the future. Deferred outflows /inflows of resources represent the consumption /acquisition, respectively, of net position that applies to a future period(s). 0 CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 The difference between the City's total assets, deferred outflows of resources, total liabilities and deferred inflows of resources is net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the City's financial position is improving or deteriorating. Although the City's purpose is not to accumulate net position, in general, as this amount increases it indicates that the City's financial position is improving over time. • The Statement of Activities presents the revenues and expenses of the City. The items presented on the statement of activities are measured in a manner similar to the approach used in the private- sector, in that revenues are recognized when earned and expenses are reported when incurred. Accordingly, revenues are reported even when they may not be collected for several months after the end of the accounting period and expenses are recorded even though they may not have used cash during the current period. Both of the government -wide financial statements distinguish City functions that are principally supported by taxes and intergovernmental revenue (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business -type activities). The City's governmental activities include general government, public safety and community services. The City's business -type activities include stormwater utility. Fund financial statements. Unlike government -wide financial statements, the focus of fund financial statements is directed to specific activities of the City rather than the City as a whole. Except for the General Fund, separate funds are established to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance - related legal requirements. All of the funds of the City can be divided into three (3) categories: governmental funds, proprietary funds and fiduciary funds. Governmental funds. Financial statements consist of a balance sheet and a statement of revenues, expenditures, and changes in fund balances. These statements are prepared on an accounting basis that is significantly different from that used to prepare the government -wide financial statements. In general, these financial statements have a short -term emphasis and, for the most part, measure and account for cash and other assets that can easily be converted to cash. For example, amounts reported on the balance sheet include items such as cash and receivables but do not include capital assets such as land and buildings. The difference between the fund's total assets, deferred outflows of resources, total liabilities and deferred inflows of resources is fund balance, and generally indicates the amount that can be used to finance the next fiscal year's activities. The operating statement for governmental funds reports only those revenues that were collected during the current period or very shortly after the end of the year. Expenditures are recorded when incurred. For the most part, the balances and activities accounted for in governmental funds are also reported in the governmental activities columns of the government -wide financial statements. However, because different accounting basis are used to prepare governmental fund financial statements and government -wide financial statements, there are often significant differences between the totals presented. For this reason, there is an analysis after the governmental funds balance sheet that reconciles the total fund balances for all governmental funds to the amount of net position presented in the governmental activities column on the statement of net position. Also, there is an analysis after the statement of revenues, expenditures and changes in fund balances that reconciles the total change in fund balances for all governmental funds to the change in net position as reported in the governmental activities column in the statement of activities. CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 Proprietary funds. Financial statements consist of a statement of net position, statement of revenues, expenses, and changes in net position and statement of cash flows. These statements are prepared on an accounting basis that is similar to the basis used to prepare the government - wide financial statements. For financial reporting purposes, proprietary funds are grouped into Enterprise Funds and Internal Service Funds. The City uses Enterprise Funds to account for business -type activities that charge fees to customers for the use of specific goods or services. These funds are used to report the same functions presented as business -type activities in the government -wide financial statements. Internal Service funds are used to account for services provided and billed on an internal basis. The City does not have any Internal Service Funds. Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The City has one major enterprise fund, the Stormwater Utility fund. A statement of cash flows is presented at the fund financial statement level for proprietary funds, but no equivalent statement is presented in the government -wide financial statements for either governmental activities or business -type activities. Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government -wide financial statement because the resources of those funds are not available to support the City's own programs. Fiduciary financial statements consist of a statement of net position and a statement of changes in net position. The City reports one fiduciary fund to account for the Police Officers' Retirement Plan Fund. Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government -wide and fund financial statements. Required Supplementary Information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning various issues such as a comparison between the City's adopted and final budget and actual financial results for its General Fund and major special revenue funds (if applicable). The City adopts an annual appropriated budget for its governmental funds. A budgetary comparison schedule has been provided for the General Fund and major special revenue funds (if applicable) to demonstrate compliance with this budget. Required supplementary information is also presented for the City's defined benefit pension plan including a schedule of funding progress and schedule of employer and State of Florida contributions as well as a schedule of funding progress for other post - employment benefits. Combining and Individual Fund Financial Statements and Budgetary Schedules Combining statements referred to earlier in connection with nonmajor governmental, internal service and fiduciary funds are presented immediately following the required supplementary information. Additional budgetary schedules are presented in this section including, as applicable, nonmajor special revenue funds, debt services funds, and capital projects funds. 7 CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 Government -Wide Financial Analysis The table below presents a summary of net position as of September 30, 2014 and 2013, derived from the government -wide Statement of Net Position: Net Position (in thousands) Governmental Business -Type Activities Activities Total 2014 2013 2014 2013 2014 2013 Current and other assets $ 471286 $ 461703 $ 21086 $ 11747 $ 491372 $ 481450 Capital assets 941769 901942 61532 61829 1011301 971771 Total assets 1421055 1371645 81618 81576 1501673 1461221 Total deferred outflows of resources 529 568 - - 529 568 Long -term liabilities 281859 301036 - - 281859 301036 Other liabilities 31991 41849 29 43 41020 41892 Total liabilities 321850 341885 29 43 321879 341928 Net position: Net investment in capital assets 691229 631727 61532 61829 751761 701556 Restricted 31779 21910 - - 31779 21910 Unrestricted 361726 361691 21057 11704 381783 381395 Total net position $ 109,734 $ 103,328 $ 81589 $ 81533 $ 118,323 $ 1111861 As noted earlier, net position may serve over time as a useful indication of a government's financial position. At the close of the most recent fiscal year, the City's assets and deferred outflows of resources exceeded its liabilities by approximately $ 118 million. The largest component of the City's net position is net investment in capital assets and is 64% of total net position. This category reflects its investment in capital assets net of any outstanding related debt used to acquire these assets. The City uses these capital assets to provide services to the citizens of the City; consequently this component of net position is not available for future spending. Although the capital assets are shown net of debt, it should be noted that the resources needed to repay this debt must be provided from other sources. The next largest portion of the City's net position is unrestricted and is 33% of total net position. Unrestricted net position represents resources that are available for spending. Restricted net position represents 3% of total net position. Restricted net position represents resources that are subject to external restrictions on how they can be used. Capital assets and net investment in capital assets increased approximately $ 3.8 million and $ 5.5 million, respectively, in the governmental activities primarily due to the net effect of new capital /infrastructure projects, increase in accumulated depreciation, disposal of equipment and decrease in related debt. Current and other assets and unrestricted net position in the governmental activities increased by approximately $ 0.6 million and $ 0.04 million, respectively. The increase in capital assets and net investment in capital assets is due to the self- finance acquisition and construction of new capital /infrastructure projects of the City. In addition, the City received a contribution of capital assets —land amounting to approximately $ 3.9 million. There were no significant changes in business -type activities. CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 Over time, increases and decreases in net position measure whether the City's financial position is improving or deteriorating. In the current fiscal year, property taxes increased by $ 0.71 million as the assessed value of our taxable property increased modestly over the prior year coupled with no change in our ad valorem millage rate. We also experienced increases in the following revenue categories; utility tax — electric $ 0.31 million, building permits — $ 0.65 million, state revenue sharing — $ 0.07 million and half cent sales tax — $ 0.2 million as the economy continued to show some signs of recovery. In addition, the City received a contribution of capital assets — land amounting to approximately $ 3.9 million. The table below presents a summary of changes in net position for the years ended September 30, 2014 and 2013, as derived from the government -wide Statement of Activities: Changes in Net Position (in thousands) Governmental Business -Type Activities Activities Tota I Net position, end of year $ 109,734 $ 103,328 $ 81589 $ 81533 $ 118,323 $ 1111861 Financial Analysis of the City of Aventura's Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance - related legal requirements. 2014 2013 2014 2013 2014 2013 Revenues: Program revenues: Charges for services $ 81003 $ 61981 $ 858 $ 847 $ 81861 $ 71828 Operating grants and contributions 71841 71324 - - 71841 71324 Capital grants and contributions 41428 724 - - 41428 724 General revenues: Property taxes 121791 121080 - - 121791 121080 Utility service taxes 71934 71552 - - 71934 71552 Franchise fees 21290 21824 - - 21290 21824 Intergovernmental revenues 51767 51239 - - 51767 51239 Other revenues 11703 11319 4 2 11707 11321 Total revenues 501757 441043 862 849 511619 441892 Expenses: General government 51341 51117 - - 51341 51117 Public safety 211178 191777 - - 211178 191777 Community services 161927 161006 - - 161927 161006 Interest and fiscal charges 905 977 - - 905 977 Stormwater utility - - 806 872 806 872 Total expenses 441351 411877 806 872 451157 421749 Change in net position 61406 21166 56 (23) 61462 21143 Net position, beginning of year 1031328 1011162 81533 81556 1111861 1091718 Net position, end of year $ 109,734 $ 103,328 $ 81589 $ 81533 $ 118,323 $ 1111861 Financial Analysis of the City of Aventura's Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance - related legal requirements. CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 Governmental Funds The focus of the City's governmental funds is to provide information on near -term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City's financing requirements. In particular, unrestricted fund balance (committed, assigned, and unassigned) may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. The General Fund is the City's chief operating fund. At end of the current fiscal year, unrestricted fund balance of the General Fund was $ 35.8 million while the total fund balance reached $ 36.1 million. Much of the unrestricted fund balance will be utilized in future years to continue to fund various capital needs and to maintain a hurricane /emergency and disaster recovery reserve. As a measure of the General Fund's liquidity, it may be useful to compare both unrestricted fund balance and total fund balance to total general fund expenditures. Unrestricted fund balance and total fund balance represent approximately 110% of total general fund expenditures. Approximately 38% of the General Fund total fund balance - $ 13.6 million constitutes unassigned fund balance, which is available for spending at the government's discretion. The fund balance of the City's General Fund decreased by $ 0.4 million during the current fiscal year. Key factors of this net decrease include the planned use of fund balance to finance the following capital projects: • Nearly $ 1 million to complete the upgrade to the Police Department P25 Radio System which had been started in the previous fiscal year. • Nearly $ 1.4 million to complete the Phases 3 and 4 of the Biscayne Boulevard Street Light Upgrades. The Charter School Fund is used to record the operations of the Aventura City of Excellence School. The School's intergovernmental revenues increased by approximately $ 0.5 million due to the State Legislature increase in funding for education. In addition, the departmentalization of the fourth grade allowed increasing the school's capacity by 12 students (from 984 to 996) in the 2013/14 school year. Additionally, expenditures increased $ 0.7 million primarily as a result of teachers salary increases based on the revised pay plan and the services award based on years of service. In addition, facility expenditures increased due to the School's initiative to replace computers and servers, upgrade network switches, replace AV equipment and smartboards, and expand the mobile classrooms. The Street Maintenance Fund is used to record the operations of the street maintenance and construction costs, which are designated by State Statute. Debt Service Fund 2000 Series is used to record principal retirement and did not have any significant changes from the prior year. Proprietary Fund The proprietary fund showed approximately a $ 56,000 increase in net position from the prior year. Total revenues increased by approximately $ 10,000 and expenses decreased by approximately $ 66,000; while maintaining the same level of services. 10 CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 General Fund Budgetary Highlights During the year, the original budget was amended and revenues and expenditures were increased by approximately $ 3.52 million as follows: • $ 1.8 million related to the automatic reappropriation of capital - related encumbrances for capital projects that were in process at the end of fiscal year 2013. • $ 0.8 million related to the reappropriation of remaining capital - related funds from fiscal year 2013 for various projects which were incomplete or assigned at the end of that fiscal year. • $ 0.6 million related to the increase in building permit and planning review activity. • $ 0.1 million related to the transfer of funds from the General Fund to the Charter School Fund that resulted from the sale of City land. • $ 0.22 million related to operational overages in various departments which were offset by additional revenue. During the year, revenues exceeded budgetary estimates and expenditures were less than budgetary estimates, resulting in the net utilization of fund balance of approximately $ 0.4 million. As explained earlier, much of the unrestricted fund balance will continue to be utilized in future years to fund various capital needs. Utility service taxes, intergovernmental revenues, licenses and permits, charges for services, and fines and forfeitures revenue exceeded the revised budget by $ 0.3 million, $ 0.05 million, $ 0.3 million, $ 0.1 million, and $ 0.3 million, respectively. Non - departmental capital outlay was approximately $ 14.6 million less than budgeted because the City budgets a reserve for future capital expenditures which accounts for a significant portion of the appropriated beginning fund balance. Capital Assets and Debt Administration Capital Assets As of September 30, 2014 and 2013, the City had $ 101.3 million and $ 97.7 million, respectively, invested in a variety of capital assets, as reflected in the following schedule: Capital assets (in thousands, net of depreciation) Governmental Business -Type Activities Activities Total 2014 2013 2014 2013 2014 2013 Land $ 21,023 $ 171102 $ - $ - $ 21,023 $ 17,102 Buildings 361453 321956 - - 361453 32,956 Improvements other than buildings 7,774 8,152 - - 71774 8,152 Furniture, machinery and equipment 3,159 31770 - - 31159 31770 Infrastructure 221751 22,829 6,532 6,829 29,283 29,658 Construction in progress 309 61133 - - 31609 61133 Total $ 94,769 $ 901942 $ 61532 $ 61829 $ 101,301 $ 97,771 Additional information can be found in Note 6 — Capital Assets. 11 CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 Debt Administration As of year -end, the City had $ 25.540 million in debt outstanding compared to the $ 27.215 million last year, a 6.2% decrease. All debt is secured only by a covenant to budget and appropriate. The debt position of the City is summarized below and is more fully explained in Note 7: Bonded Debt and Notes Payable (in thousands) Governmental Business -Type Activities Activities Total 2014 2013 2014 2013 2014 2013 Non -Ad Valorem bonds $ 25,540 $ 271215 $ - $ - $ 25,540 $ 271215 Economic Factors and Next Year's Budgets and Rates The State of Florida, by constitution, does not have a state personal income tax and therefore the State operates primarily using sales, gasoline and corporate income taxes. Local governments (cities, counties, school boards) primarily rely on property and a limited array of permitted other taxes (utility taxes, franchise fees and occupational licenses) as well as intergovernmental revenues for their governmental activities. For business -type activities and certain governmental activities (construction services and recreational programs), the user pays a related fee or charge associated with the service. Our economy continues to show signs of recovery as witnessed by this year's increase in the City's property values. After years of decline due to the economic recession, the City experienced a 7.8% increase in property values over the prior year. This was the third consecutive year that the City experienced an increase in its property values. The new value of $ 8.394 billion is still down from the pre- recession value of $ 9.609 billion but continues on an upward track for our community. Strong fiscal policies and prudent budgeting have enabled the City to maintain the lowest tax rate in the County while providing high- quality services to our residents. The positive economic recovery signs allow the City, for the first time in three (3) years, not to utilize reserve funds to balance the budget and fund nonrecurring capital projects. In addition, we have been able to avoid increasing taxes. The new construction assessed values rose by $104 million over the prior year. Recent development applications for the Park Square Aventura mixed use project and the expansion of the Aventura Mall will insure that this trend continues in the near future. Although the local economy has made strides, the City needs to continue to remain prudent in its financial management by utilizing conservative revenue estimates and ensuring that expenditures remain within the projected revenue amounts. The budget process produced a total budget of $ 57.7 million or 1.9% more than the previous year while operating costs were limited to a 3.7% increase over the previous year. A major portion of the increase is attributed to an 8% increase or $ 168,000 in health insurance premiums. The budget maintains our current level for all City services except funding for the following areas: • Two additional police officers to address service demands. • An increase in building inspection and review costs to respond to the upswing in building activity. • An increase in funding for community events such as Movie Night, programming at the Arts & Cultural Center and special programs. 12 CITY OF AVENTU RA, FLORIDA MANAGEMENT'S DISCUSSION AND ANALYSIS September 30, 2014 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. Requests for Information This financial report is designed to provide our citizens, taxpayers, customers and investors and creditors with a general overview of the City's finances and to demonstrate the City's accountability. If you should have any questions pertaining to the information presented in this report or would like additional information, please contact the City's Finance Director at 19200 W. Country Club Drive, Aventura, Florida 33180. 13 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION September 30, 2014 ASSETS: Cash, cash equivalents and investments Receivables, net of allowance for uncollectibles Due from other governments Prepaid expenses Inventories Net pension asset Restricted cash, cash equivalents and investments Capital assets: Nondepreciable Depreciable, net of accumulated depreciation Total assets DEFERRED OUTFLOWS OF RESOURCES: Deferred charge on refunding Total deferred outflows of resources LIABILITIES: Accounts payable Accrued liabilities Retainage payable Due to other governments Unearned revenues Accrued interest payable Due within one year: Compensated absences payable Bonds payable Due in more than one year: Compensated absences payable Bonds payable OPEB obligation Total liabilities NET POSITION: Net investment in capital assets Restricted for: Community services Public safety Debt service Unrestricted Total net position Governmental Business -Type Activities Activities Total $ 44,569,948 $ 11941,507 $ 46,511,455 668,374 - 668,374 957,976 144,541 11102,517 335,459 - 335,459 32,900 - 32,900 220,059 - 220,059 500,656 - 500,656 241F6311587 - 241F6311587 70,1371828 615321125 761F6691953 142,0541787 810618,173 150,6721960 529,227 - 529,227 5291F227 - 529,227 1,710,431 291432 11739,863 1103401945 - 11340,945 1801535 180,535 21716 - 21716 724,522 - 724,522 311465 - 311465 11048,959 - 11048,959 11735,000 - 11735,000 1,948,065 - 11948,065 23180510000 - 2318051000 3221000 - 322,000 321849,638 29,432 32,879,070 69,229,415 61532,125 75,761,540 21213,480 - 21213,480 1,227,270 - 1,2271270 3371770 - 337,770 36,726,441 2,0561616 381F7831057 $ 109,734,376 $ 81588,741 $ 118,3231117 The accompanying notes to the financial statements are an integral part of these statements. 14 CITY OF AVENTU RA, FLORIDA STATEMENT OF ACTIVITIES For the Year Ended September 30, 2014 Program Revenues Operating Capital Charges for Grants and Grants and FUNCTIONS /PROGRAMS: Expenses Services Contributions Contributions Governmental activities: General government $ 51340,426 $ - $ 12,670 $ - Public safety 21,1781335 61369,993 166,025 - Community services 1619271314 116331233 71P6621465 4,4281098 Interest and fiscal charges 9041834 - - - Total governmental activities 44,3501909 81003,226 7,841,160 414281098 Business -type activities: Stormwater utility 805,636 8571558 - - Total $ 45 156 545 $ 8 860 784 $ 7 841 160 $ 4 428 098 General revenue: Taxes: Ad valorem taxes Utility service taxes Franchise fees Intergovernmental, not restricted for specific purposes Investment income Impact fees Miscellaneous, including sale of general capital assets Total general revenues Change in net position Net position, beginning of year Net position, end of year The accompanying notes to the financial statements are an integral part of these statements. 15 Net Revenue (Expense) and Change in Net Position Governmental Business -Type Activities Activities Total $ (5,327,756) $ - $ (5,327,756) (14,642,317) - (14,642,317) (3,203,518) - (3,203,518) (904,834) - (904,834) (24,078,425) - (24,078,425) - 51,922 51,922 (24,078,425) 51,922 (24,026,503) 1217911444 - 1217911444 71933,535 - 71933,535 21289,721 - 21289,721 51767,456 - 51767,456 89,941 31657 93,598 77,607 - 77,607 11534,877 - 11534,877 30,484,581 31657 30,488,238 61406,156 55,579 61461,735 103,328,220 81533,162 111,861,382 $ 109,734,376 $ 81588,741 $ 118,3231117 16 CITY OF AVENTURA, FLORIDA BALANCE SHEET - GOVERNMENTAL FUNDS September 30, 2014 The accompanying notes to financial statements are an integral part of these statements. 17 Debt Service Charter Street Fund Nonmajor Total General School Maintenance Series Governmental Governmental Fund Fund Fund 2000 Funds Funds ASSETS: Cash and cash equivalents and investments $ 37,277,134 $ 214801060 $ 210631245 $ 1161994 $ 216321515 $ 44,569,948 Restricted cash, cash equivalents and investments - - - 5001533 123 5001656 Accounts receivable, net 6111532 31857 - - 521985 6681374 Due from other governments 5711871 81870 3761678 - 557 9571976 Inventories 321900 - - - - 321900 Prepaid expenditures 3251993 91466 - - - 3351459 Total assets $ 38,819,430 $ 215021253 $ 214391923 $ 6171527 $ 216861180 $ 47,065,313 LIABILITIES: Accounts payable $ 1,270,135 $ 3381280 $ 951335 $ - $ 61681 $ 117101431 Accrued liabilities 4821907 1861438 - 4281034 2431566 113401945 Retainage payable 1801535 - - - - 1801535 Due to other governments - 21716 - - - 21716 Unearned revenues 7241522 - - - - 7241522 Total liabilities 216581099 5271434 95,335 4281034 2501247 319591149 DEFERRED INFLOWS OF RESOURCES: Unavailable revenue - intergovernmental 31168 - 1311108 - 261645 1601921 Unavailable revenue - utility service taxes 481706 - - - - 481706 Total deferred inflows of resources 511874 - 1311108 - 261645 2091627 FUND BALANCES: Nonspendable: Inventories 321900 - - - - 321900 Prepaid expenditures 3251993 91466 - - - 3351459 Restricted for: Community services - - 212131480 - - 212131480 Public safety - - - - 112271270 112271270 Debt service - - - 189,493 148,277 337,770 Committed for: Capital reserves 16,378,324 - - - - 16,378,324 Hurricane /emergency and disaster recovery operating reserves 51000,000 - - - - 51000,000 Assigned for: Community services - - - - 11033,741 11033,741 Charter school operations - 11965,353 - - - 11965,353 Subsequent year's budget 789,486 - - - - 789,486 Unassigned: General Fund 13,582,754 - - - - 13,582,754 Total fund balances 36,109,457 11974,819 21213,480 189,493 21409,288 42,896,537 Total liabilities, deferred inflows of resources and fund balances $ 38,819,430 $ 2,502,253 $ 2,439,923 $ 617,527 $ 2,686,180 $ 47,065,313 The accompanying notes to financial statements are an integral part of these statements. 17 CITY OF AVENTU RA, FLORIDA RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION September 30, 2014 Total fund balances - governmental funds Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds: The cost of capital assets is Accumulated depreciation is Certain revenue that is not available to pay for current period expenditures and, therefore, is deferred in the funds. Net pension asset resulting from excess contributions to pension plans is not reported in the fund financial statements. OPEB obligation resulting from deficiency of contributions to OPEB plans is not reported in the fund financial statements as it is not due and payable in the current period. Long -term liabilities are not due and payable in the current period and, therefore, are not reported in the funds: Deferred charge on refunding Compensated absences Bonds payable Accrued interest payable Net position of governmental activities $ 42,896,537 $ 140,129,579 (45,360,164) 941769,415 209,627 220,059 (322,000) $ 529,227 (2,997,024) (25,540,000) (31,465) (28,039,262) $ 109,734,376 The accompanying notes to financial statements are an integral part of these statements. I CITY OF AVENTU RA, FLORIDA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS For the Year Ended September 30, 2014 REVENUES: Ad valorem taxes Utility service taxes Franchise fees Intergovernmental Licenses and permits Charges for services Fines and forfeitures Impact fees Investment income Miscellaneous Total revenues EXPENDITURES: Current: General government Public safety Community services Capital outlay Debt service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Sale of general capital assets Transfers in Transfers out Total other financing sources (uses) Net change in fund balances FUND BALANCES, beginning of year FUND BALANCES, end of year 415361983 - - - - 415361983 Debt 2511252 1916821937 510851226 717451483 8241199 - - 1316541908 Service 5121075 510741822 - - - 3451000 Charter Street Fund Nonmajor Total General School Maintenance Series Governmental Governmental Fund Fund Fund 2000 Funds Funds $ 12,791,444 $ - $ - $ - $ - $ 1217911444 718841829 - - - - 718841829 212891721 - - - - 212891721 316571486 712131171 211301408 - 1601915 1311611980 311841386 - - - - 311841386 215051511 5701879 - - - 310761390 119041789 - - - 7471826 216521615 - - 711600 - 61007 771607 521666 51653 31803 251220 21599 891941 901217 2591013 - - 1251000 4741230 3413611049 810481716 212051811 251220 110421347 4516831143 415361983 - - - - 415361983 1914311685 - - - 2511252 1916821937 510851226 717451483 8241199 - - 1316541908 315701283 2371715 7541749 - 5121075 510741822 - - - 3451000 113301000 116751000 - - - 1661068 7011911 8671979 3216241177 719831198 115781948 5111068 217951238 4514921629 117361872 651518 128,907 - 301000 2001000 (2,299,685) (444,000) (2,140,778) (244,000) (403,906) (178,482) 6261863 (485,848) (1,752,891) 1901514 511,398 511,398 6261863 251550 110001000 111281907 210321287 217731685 (30,000) (2,773,685) 112491396 113191421 $ 36,109,457 $ 1,974,819 $ 212131480 $ 1891493 $ 214091288 $ 42,896,537 The accompanying notes to financial statements are an integral part of these statements. 19 CITY OF AVENTURA, FLORIDA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES For the Year Ended September 30, 2014 Net change in fund balances - total governmental funds $ 11319,421 Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is depreciated over their estimated useful lives and reported as depreciation expense. This is the amount by which capitalized capital outlay exceeded depreciation expense and disposals for the current period: Expenditures for capital assets $ 41268,987 Contribution of capital assets 319201520 Less: net book value of disposed capital assets (68,260) Less: current year's depreciation (41293,951) 318271296 Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long -term liabilities in the statement of net position. 116751000 Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds: Net pension obligation (asset) $ 261729 OPEB obligation (59,000) Interest 21307 Amortization of deferred charge on refunding (39,162) Compensated absences (439,190) (508,316) Revenues that are earned but not received within the availability period are recognized in the statement of activities when earned and subsequently in the governmental fund financial statements when they become available. The net difference is recorded as a reconciling item. 921755 Change in net position of governmental activities $ 61406,156 The accompanying notes to financial statements are an integral part of these statements. 20 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUND September 30, 2014 ASSETS: Current assets: Cash, cash equivalents and investments Due from other governments Total current assets Noncurrent assets: Capital assets, net of accumulated depreciation Total noncurrent assets Total assets LIABILITIES: Current liabilities: Accounts payable Total liabilities NET POSITION: Net investment in capital assets Unrestricted Total net position Stormwater utility r-...- _I $ 11941,507 144,541 2,086,048 6,532,125 6,532,125 8,618,173 29,432 29,432 6,532,125 2,056,616 $ 81588,741 The accompanying notes to financial statements are an integral part of these statements. 21 CITY OF AVENTU RA, FLORIDA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION PROPRIETARY FUND For the Year Ended September 30, 2014 OPERATING REVENUES: Charges for services OPERATING EXPENSES: Cost of sales and services Depreciation expense Total operating expenses Operating income NONOPERATING REVENUES: Investment income Change in net position NET POSITION, beginning of year NET POSITION, end of year Stormwater Utility Fund $ 857,558 508,312 297,324 8051636 51,922 3,657 55,579 8,533,162 $ 815881741 The accompanying notes to financial statements are an integral part of these statements. 22 CITY OF AVENTURA, FLORIDA STATEMENT OF CASH FLOWS PROPRIETARY FUND For the Year Ended September 30, 2014 CASH FLOWS FROM OPERATING ACTIVITIES: Cash received from customers, users and others $ 849,658 Cash paid to suppliers (522,347) Net cash provided by operating activities 327,311 CASH FLOWS PROVIDED BY INVESTING ACTIVITIES: Investment income received 3.657 Net cash provided by investing activities 31657 Net increase in cash, cash equivalents and investments 330,968 CASH, CASH EQUIVALENTS AND INVESTMENTS, beginning of year 11610,539 CASH, CASH EQUIVALENTS AND INVESTMENTS, end of year $ 11941,507 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Operating income $ 511922 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation expense 297,324 Changes in assets and liabilities: Increase in due from other governments (7,900) Decrease in accounts payable (14,035) Total adjustments 275,389 Net cash provided by operating activities $ 327,311 The accompanying notes to financial statements are an integral part of these statements. 23 CITY OF AVENTURA, FLORIDA STATEMENT OF NET POSITION FIDUCIARY FUND - POLICE OFFICERS' RETIREMENT PLAN September 30, 2014 ASSETS: Investments, at fair value: Common stocks, net of options and futures U.S. Government securities Hedge funds Corporate bonds Money market funds Real estate Receivables: Other receivables Accrued investment income Total assets LIABILITIES: Accounts payable Due for securities purchased Unearned revenue Total liabilities Net position held in trust for pension benefits 17,851,266 3,249,772 2,688,588 2,021,546 1,764,752 1,176,022 2,358 69,394 28,823,698 3,792 71165 53,343 64,300 $ 28,759,398 The accompanying notes to financial statements are an integral part of these statements. 24 CITY OF AVENTU RA, FLORIDA STATEMENT OF CHANGES IN NET POSITION FIDUCIARY FUND - POLICE OFFICERS' RETIREMENT PLAN For the Year Ended September 30, 2014 ADDITIONS: Contributions: Employer $ 1,4981605 Employees 537,693 State of Florida, premium tax 318,440 Total contributions 2135411738 Investment income: Net appreciation in fair value of investments 1,977,911 Interest and dividend income 491,731 Total investment income 211469,642 Less: investment expenses 2381P509 Net investment income 2,231,133 Total additions 41585,871 DEDUCTIONS: Administrative expenses 52,664 Benefits paid 360,589 Refund of contributions 48,496 Total deductions 461,749 Change in net position 4,1241122 NET POSITION HELD IN TRUST FOR PENSION BENEFITS, beginning of year 24,6351276 NET POSITION HELD IN TRUST FOR PENSION BENEFITS, end of year $ 28,7591398 The accompanying notes to financial statements are an integral part of these statements. 25 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Aventura, Florida (the "City ") was incorporated on November 7, 1995. The City operates under a commission - manager form of government and provides the following full range of municipal services as authorized by its charter: public safety, highways and streets, building, licensing and code compliance, culture and recreation, public works and stormwater management, public records and general administrative services. The Comprehensive Annual Financial Report (the "CAFR ") of the City includes all funds. The financial statements of the City have been prepared to conform with accounting principles generally accepted in the United States of America ( "GAAP ") as applicable to state and local governments. The Governmental Accounting Standards Board ( "GASB ") is the accepted standard - setting body for establishing governmental accounting and financial reporting principles. Significant accounting and reporting policies and practices used by the City are described below: A. Financial Reporting Entity The financial statements were prepared in accordance with Government Accounting Standards, which establishes standards for defining and reporting on the financial reporting entity. The definition of the financial reporting entity is based upon the concept that elected officials are accountable to their constituents for their actions. One of the objectives of financial reporting is to provide users of financial statements with a basis for assessing the accountability of the elected officials. The financial reporting entity consists of the City, organizations for which the City is financially accountable and other organizations for which the nature and significance of their relationship with the City are such that exclusion would cause the reporting entity's financials statements to be misleading or incomplete. The City is financially accountable for a component unit if it appoints a voting majority of the organization's governing board and it is able to impose its will on that organization or there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on the City of Aventura. Based upon the application of these criteria, there were no organizations that met the criteria described above. B. Government Wide and Fund Financial Statements The basic financial statements include both government -wide (based on the City as a whole) and fund financial statements. The government -wide financial statements (i.e., the statement of net position and the statement of activities) report information on all activities of the City. As a general rule, the effect of interfund services provided and used has been eliminated from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business -type activities, which rely to a significant extent on fees and charges for services. The government -wide statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those expenses that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers or applicants who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operation or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. 26 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The net cost (by function) is normally covered by general revenue (i.e., property taxes, sales taxes, franchise taxes, unrestricted intergovernmental revenues, interest income, etc.) Separate fund financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government -wide financial statements. The focus of fund financial statements is on major funds. Major individual governmental funds and the major individual enterprise fund are reported as separate columns in the fund financial statements. GASB Statement No. 34 sets forth minimum criteria (percentage of assets /deferred outflows, liabilities /deferred inflows, revenues or expenditures /expenses of either fund category for the governmental and enterprise, combined or funds that management deems of public importance) for the determination of major funds. The nonmajor funds are combined and presented in a single column in the fund financial statements. The government- wide -focus is more on the- sustainability of the City as an entity and the - change in aggregate financial position resulting from the activities of the fiscal period. The focus of the fund financial statements is on the major individual funds of the governmental and business - type categories, (by category). Each presentation provides valuable information that can be analyzed and compared to enhance the usefulness of the information. C. Measurement Focus, Basis of Accounting and Financial Statement Presentation The government -wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary and fiduciary fund financial statements. Revenues are recorded when earned and, expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year when an enforceable lien exists and when levied for. Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, pension, other postemployment benefits and claims and judgments, are recorded only when due. Property taxes when levied for, franchise fees, utility taxes, charges for services, impact fees, intergovernmental revenues when eligibility requirements are met and investment income associated with the current fiscal period are all considered to be measurable and have been recognized as revenues of the current fiscal period, if available. All other revenue items such as fines and forfeitures and licenses and permits are considered to be measurable and available when cash is received by the City. 27 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Proprietary fund -type operating statements present increases (e.g., revenues) and decreases (e.g., expenses) in net total position. Proprietary funds distinguish operating revenues and expenses from non - operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the proprietary fund are charges to customers for sales and services. Operating expenses for proprietary funds include the costs of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses that do not meet this definition are reported as non - operating revenues or expenses. The City reports the following major governmental funds: General Fund - This fund is the principal operating fund of the City. All general tax revenues and other receipts that are not allocated by law or contractual agreement to another fund are accounted for in this fund. Charter School Fund - This fund is used to account for revenues and expenditures from the operations of the Aventura City of Excellence School, a special revenue fund of the City. Street Maintenance Fund - This fund is used to account for revenues and expenditures, which by State Statue are designated for street maintenance and construction costs. Debt Service Fund Series 2000 - is used to account for the payment of principal, interest and other expenditures associated with the Series 2000 Revenue Bonds. The City reports the following major proprietary fund: Stormwater Utility Fund - This fund accounts for the operation of the City's stormwater system. Additionally, the government reports the following fiduciary fund type: Police Officers' Retirement Plan Fund - This fund accounts for the activities of the Police Officers' Retirement Plan that accumulates resources for pension benefits to qualifying police officers. As a general rule, the effect of interfund activity has been eliminated from the government - wide financial statements. Amounts reported as program revenues include: 1) charges to customers or applicants for goods, services or privileges provided and fines and forfeitures, 2) operating grants and contributions and 3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. 1. Cash, cash equivalents and investments — Cash and cash equivalents are defined as demand deposits, money market accounts and other short -term investments with original maturities of three months or less from the date of acquisition. W CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The City maintains a pooled cash account for all funds. This enables the City to invest large amounts of idle cash for short periods of time and to optimize earnings potential. Cash, cash equivalents and investments represents the amount owned by each City fund. Resources of all funds, with the exception of the pension fund, are also combined into investment pools for the purpose of maximizing investment yields. Earnings on pooled cash and investments are allocated monthly based on balances of the respective funds. The City's investments are reported at their fair value based on quoted market prices as reported by recognized security exchanges except for the Guaranteed Investment Contract which is recorded at cost and the City's investment in the Florida PRIME which is recorded at the amortized cost method. The pension plan's investments in common stocks, U.S. government securities, hedge funds, corporate bonds, and real estate are reported at fair value based on quoted market prices. Investments in money market funds are generally valued at amortized cost. 2. Receivables and parables - Activities between funds that are representative of lending /borrowing arrangements outstanding at the end of the fiscal year are referred to as either "due to /from other funds" (the current portion of interfund loans) or "advances to /from other funds" (the noncurrent portions of interfund loans). Any residual balances outstanding between the governmental activities and business activities are reported in the government -wide financial statements as "internal balances." 3. Prepaid expenses /expenditures - Certain payments to vendors reflect costs applicable to a future accounting period and are recorded as prepaid items in both government -wide and fund financial statements. 4. Inventories - Inventories are valued at the lower of cost (first -in, first -out) or market. These amounts are reported as nonspendable in governmental fund financial statements. Inventory is accounted for using the consumption method whereby inventories are recorded as expenditures when they are used. 5. Capital assets - Capital assets purchased or acquired with an original cost of $ 5,000 or more are reported at historical cost or estimated historical cost. Contributed assets are reported at estimated fair value as of the date received. Additions, improvements and other capital outlays that significantly extend the useful life of an asset are capitalized. Other costs incurred for repairs and maintenance are expensed as incurred. Depreciation on all assets is provided on the straight -line basis over the following estimated useful lives: Buildings 25 Improvements other than buildings 20-30 Infrastructure 20-40 Furniture, machinery and equipment 3 -20 Within governmental funds, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported within the governmental fund financial statements. 29 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 6. Deferred outflows /inflows of resources - In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense /expenditure) until then. The City only has one item that qualifies for reporting in this category. It is deferred charge on refunding reported in the government -wide statement of net position. A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has only one type of item, which arises only under a modified accrual basis of accounting, that qualifies for reporting in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from intergovernmental revenue and utility service taxes. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. 7. Compensated absences payable - The City's sick leave policy permits employees to accumulate earned but unused sick pay benefits. Upon termination, sick pay is paid out, between 0 - 100% based on length of service. The City's vacation policy is that earned vacation is cumulative although limited to certain maximums based on length of service. Accumulated compensated absences are recorded in the government -wide and proprietary fund financial statements when earned. Expenditures for accumulated compensated absences have been recorded in the governmental funds only if they have matured, (e.g., resulting from employee resignations and retirements). Payments are generally paid out of the General Fund. 8. Long -term obligations - In the government -wide financial statements and proprietary fund types in the fund financial statements, long -term debt and other long -term obligations are reported as liabilities in the applicable governmental activities, business -type activities or proprietary fund type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight line method, which approximates the effective interest method. Bonds payable are reported net of the applicable premiums and discounts, if applicable. In the fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Wk CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 9. Net position - Net position in the government -wide and proprietary funds are categorized as net investment in capital assets; restricted or unrestricted. Net investment in capital assets, is the difference between the cost of capital assets, less accumulated depreciation reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvement of those assets. Restricted consists of net position with constraints placed on their use by external parties (creditors, grantors, contributors, or laws or regulations of other governments) or imposed by law through constitutional provisions or enabling legislation. Unrestricted indicates that portion of net position that is available to fund future operations. Sometimes the government will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted — net position and unrestricted — net position in the government -wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the government's policy to consider restricted — net position to have been depleted before unrestricted — net position is applied. 10. Fund balance The City follows GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions which requires that governmental fund financial statements present fund balances based on classifications that comprise a hierarchy that is based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the respective governmental funds can be spent. The classifications used in the governmental fund financial statements are as follows: Nonspendable: This classification includes amounts that cannot be spent because they are either (a) not in spendable form or (b) are legally or contractually required to be maintained intact. "Not in spendable form" includes items that are not expected to be converted to cash (such as inventories and prepaid amounts) and items such as long -term amount of loans and notes receivable, as well as property acquired for resale. The corpus (or principal) of a permanent fund is an example of an amount that is legally or contractually required to be maintained intact. In fiscal year 2014, this represents $ 368,359. Restricted: This classification includes amounts for which constraints have been placed on the use of the resources either (a) externally imposed by creditors (such as through a debt covenant), grantors, contributors, or laws or regulations of other governments, or (b) imposed by law through constitutional provisions or enabling legislation. In fiscal year 2014, this represents $ 3,778,520. Committed: This classification includes amounts that can be used only for the specific purposes determined by a formal action of the government's highest level of decision making. The City Commission is the highest level of decision - making authority for the government that can, by adoption of an ordinance prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance remains in place until a similar action is taken (the adoption of another ordinance) to remove or revise the limitation. Resources accumulated pursuant to stabilization arrangements are reported in this category. In fiscal year 2014, this represents $ 21,378,324. 31 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Assigned: This classification includes amounts that are constrained by the City's intent to be used for a specific purpose but are neither restricted nor committed. The City Commission has by resolution authorized the City Manager to assign fund balance. The City Commission may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year's budget. Unlike commitments, assignments generally can only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed previously, an additional action is essential to either remove or revise a commitment. In fiscal year 2014, this represents $ 3,788,580. In the general fund, $ 789,486 represents the amount of encumbrances expected to be honored in the next year. Unassigned: This classification includes the residual fund balance for the General Fund. This classification represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the General Fund. Unassigned fund balance may also include negative balances for any governmental fund if expenditures exceed amounts restricted, committed or assigned for those specific purposes. In fiscal year 2014, this represents $ 13,582,754. The City uses restricted amounts to be spent first when both restricted and unrestricted fund balance is available unless there are legal documents /contracts 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 unrestricted fund balance classifications could be used. 11. Minimum Fund Balance Policy and Hurricane /Emergency and Disaster Recovery Reserve - The City's policy is to maintain an adequate General Fund balance to meet seasonal shortfalls in cash flow and reduce susceptibility to emergency and unanticipated expenditures and /or revenue shortfalls. The City's Commission has adopted a financial standard to maintain a Hurricane /Emergency and Disaster Recovery's Operating Reserve at a minimum level of $ 5,000,000 and a Fiscal Stability Reserve of 10% of the annual General Fund revenue. 12. Encumbrances - Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of funds are recorded in order to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration. Encumbrances are recorded at the time a purchase order or other commitment is entered into. Encumbrances outstanding at year -end represent the estimated amount of expenditures which would result if unperformed purchase orders and other commitments at year -end are completed. Encumbrances lapse at year -end; however, the City generally intends to honor purchase orders and other commitments in process. As a result, encumbrances outstanding at year -end are re- appropriated in the next fiscal year and are therefore presented as committed or assigned fund balance for the subsequent year. 32 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 13. Use of estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. 14. Date of management review — Subsequent events were evaluated by management through February 19, 2015, which is the date the financial statements were available to be issued. NOTE 2 - PROPERTY TAXES Property taxes are assessed as of January 1 each year and are first billed (levied) and due the following November 1. Under Florida law, the assessment of all properties and the collection of all county, municipal, school board and special district property taxes are consolidated in the Offices of the County Property Appraiser and County Tax Collector. The laws for the State regulating tax assessments are also designed to assure a consistent property valuation method statewide. State statutes permit municipalities to levy property taxes at a rate of up to 10 mills ($ 10 per $ 1,000 of assessed taxable valuation). The millage rate assessed by the City for the year ended September 30, 2014 was 1.7261 mills. The City's tax levy is established by the City Commission prior to October 1 of each year, and the County Property Appraiser incorporates the millage into the total tax levy, which includes Miami -Dade County, Miami -Dade County School Board and certain other special taxing districts. All property is reassessed according to its fair market value as of January 1 each year. Each assessment roll is submitted to the Executive Director of the Florida Department of Revenue for review to determine if the assessment rolls meet all of the appropriate requirements of State Statutes. All real and tangible personal property taxes are due and payable on November 1 each year or as soon as practicable thereafter as the assessment roll is certified by the County Property Appraiser. Miami -Dade County mails each property owner on the assessment roll a notice of the taxes due and collects the taxes for the City. Taxes may be paid upon receipt of the notice from Miami -Dade County, with discounts at the rate of 4% if paid in the month of November, 3% if paid in the month of December, 2% if paid in the month of January and 1% if paid in the month of February. Taxes paid during the month of March are without discount, and all unpaid taxes on real and tangible personal property become delinquent and liens are placed on April 1 of the year following the year in which the taxes were assessed. Procedures for the collection of delinquent taxes by Miami -Dade County are provided for in the laws of Florida. There were no material delinquent property taxes as of September 30, 2014. 33 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 3 - DEPOSITS AND INVESTMENTS Deposits: The City's custodial credit risk policy is in accordance with Florida Statutes. Florida Statutes authorize the deposit of City funds in demand deposits or time deposits of financial institutions approved by the State Treasurer. These are defined as public deposits. All City public deposits are held in qualified public depositories pursuant to Chapter 280, Florida Statutes, "Florida Security for Public Deposits Act." Under the act, all qualified public depositories are required to pledge eligible collateral having a market value equal to or greater than the average daily or monthly balance of all public deposits times the depository's collateral pledging level. The collateral pledging level may range from 50% to 125% depending upon the depository's financial condition and the length of time that the depository has been established. All collateral must be deposited with the State Treasurer. Any losses to public depositors resulting from insolvency are covered by applicable deposit insurance, sale of securities pledged as collateral and, if necessary, assessment against other qualified public depositories of the same type as the depository in default. The City's bank balances were insured either by the Federal depository insurance corporation or collateralized in the bank's participation in the Florida Security for Public Deposits Act. The Florida SBA Pool, hereinafter referred to as "Florida PRIME ", is not a registrant with the Securities and Exchange Commission ( "SEC "); however, its board has adopted operating procedures consistent with the requirements for a 2a -7 fund. For the Florida PRIME, a 2a7 -lil<e pool, the value of the City's position is the same as the value of the pool shares and is recorded at amortized cost. At September 30, 2014, the City's investment in the Florida PRIME was that of $ 17,384,401. In accordance with these requirements, the method used to determine the participants' shares sold and redeemed is the amortized cost method. Amortized cost includes accrued income and is a method of calculating an investment's value by adjusting its acquisition cost for the amortization of discount or premium over the period from purchase to maturity. Thus, the City's account balance in the SBA is its amortized cost. The SBA is governed by Chapter 19 -7 of the Florida Administrative Code. These rules provide guidance and establish the general operating procedures for the administration of the SBA. Additionally, the Office of the Auditor General of the State of Florida performs the operational audit of the activities and investment of the SBA. The SBA accounts are not subject to custodial credit risk as these investments are not evidenced by securities that exist in physical or bank entry form. Investments: On July 8, 2014, the City re- adopted Chapter 6.6 of the Administrative Policy and Directives and Procedures Manual, entitled "Investments Objective and Parameters," as the City's Investment Policy for the management of Public Funds ( "the policy "). The policy was created in accordance with Section 218.415, Florida Statutes. The policy applies to all investments held and controlled by the City, with the exception of the Police Officers' Pension Plan and its debt issuance where there are other existing policies or indentures in effect for the investment of related funds. 34 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 3 - DEPOSITS AND INVESTMENTS (continued) The City's policy for investments other than pension plan and debt issuance is summarized herein. The Finance Director has responsibility for the type of investments the City makes. The investment policy establishes permitted investments, asset allocation, issuer limits, credit rating requirements and maturity limits to protect the City's assets. All investment securities are held by a Trust custodian, and are managed by financial advisors. In general, the City's policy allows to invest, in the following: (1) securities and obligations of the United States and its agencies; (2) nonnegotiable interest bearing time deposits or savings accounts provided that such deposits are secured by collateral as prescribed by the Florida Security for Public Deposits Act, Chapter 280, Florida Statutes; (3) repurchase agreements collateralized by full or general faith and credit obligations of the U. S. Government or Agency securities; (4) the Florida Local Government Surplus Funds Trust Fund "SBA "; (5) intergovernmental investment pools authorized pursuant to the Florida Interlocal Cooperation Act, provided by Section 163.01, Florida Statutes, and provided that such funds contain no derivatives; (6) money market mutual funds - registered investment companies with the highest credit quality rating; (7) commercial paper of any U.S. company; (8) corporate notes; (9) asset backed securities issued by corporations organized and operating within the United States or by depository institutions licensed by the United States; and (10) taxable /tax- exempt municipal bonds. The City policy for pension investments is under the oversight of the Plan's Board of Trustees (the "Board "). The Board contracts with investment advisory firms and approves any new investment vehicles presented by the consultants. The Board follows all applicable state statutes. The City has a Guaranteed Investment Contract ( "GIC ") that is not subject to interest rate risk classification because it is a direct contractual investment and is not a security. The GIC also is not rated for credit risk classification purposes. The GIC provides for a guaranteed return on investments over a specific period of time at a rate of 5.04% per annum. The collateral value of the GIC as of September 30, 2014 is $ 521,371 and is expected to continue to be sufficient to meet the reserve fund requirement for the Series 2000 Revenue Bond of a minimum of $ 500,000. The GIC is recorded at the contract amount which is $ 500,656. As of September 30, 2014, the City's cash, cash equivalents and investments consisted of the following: Cash and cash equivalents and investments: State Board of Administration - SBA, Florida PRIME Deposits with financial institutions U.S. Treasury bills U.S. Government obligations Corporate bonds Asset backed securities Collateralized mortgage obligations Guaranteed investment contract Commercial paper Municipal obligations Money market funds Mortgage - backed securities Petty cash 35 $ 17,384,401 13,377,750 5,875,117 4,898,136 1,901,775 1,132,337 830,619 500,657 499,937 416,486 145,606 46,635 2,655 47,012,111 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 3 - DEPOSITS AND INVESTMENTS (continued) Fiduciary fund investments: Common stocks, net of options and futures 17,851,266 U.S. Government securities 31249,772 Hedge funds 21688,588 Corporate bonds 21021,546 Money market funds 117641752 Real estate 1.176.022 28.751.946 $ 75,764,057 Cash, cash equivalents and investments are classified in the accompanying financial statements as follows: Statement of Net Position: Cash, cash equivalents and investments $ 46,511,455 Restricted cash, cash equivalents and investments 500.656 47,012,111 Statement of Net Position - Fiduciary Fund: Common stocks, net of options and futures 17,851,266 U.S. Government securities 31249,772 Hedge funds 21688,588 Corporate bonds 21021,546 Money market funds 117641752 Real estate 1.176.022 28.751.946 $ 75,764,057 Interest rate risk — The City's policy is to limit its exposure to fair value losses arising from changes in interest rates by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity, and investing operating funds primarily in shorter -term securities, money market mutual funds or similar investment pools. This is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City's policy is that unless matched with specific cash flow, the City will not directly invest in securities maturing more than seven (7) years from the date of purchase. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds to ensure that proper liquidity is maintained to meet ongoing obligations. The City does not have a formal investment policy for its pension funds that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. 36 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 3 - DEPOSITS AND INVESTMENTS (continued) Information about the exposure of the City's debt -type investments to this risk using the segmented time distribution model is as follows: Credit Risk - Generally, credit risk is the risk that an issuer of adebt -type investment will not fulfill its obligation to the holder of the investment. This is measured by assignment of a rating by a nationally- recognized rating organization. The City's investment policy provides strict guidelines and limits investments to highly rated securities with minimum ratings of A (long term securities), A -1/13-1 (short term securities), and AAAm (money market mutual funds). The Finance Director shall determine the appropriate action for any investment held that is downgraded below the minimum rating by one or more rating agencies. U.S. government securities or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk exposure. The pension fund limits its credit risk by limiting its fixed income investments to securities with the top (4) ratings issued by nationally recognized statistical rating organizations. 37 Time to Maturity (in Years) Greater Summary of Investments Fair Less Than 1 -5 6 -10 Than and Interest Rate Risk Value 1 Year Years Years 10 Years City Investments: State Board of Administration - SBA, Florida PRIME $ 17,384,401 $ 17,384,401 $ - $ - $ - U.S. Treasury bills 518751117 7271375 511471742 - - U.S. Government obligations 418981136 118071738 310901398 - - Corporate bonds 119011775 3051442 115961333 - - Asset backed securities 111321337 171835 111141502 - - Collateralized mortgage obligations 8301619 1171865 6311299 811455 - Commercial paper 4991937 4991937 - - - Municipal obligations 4161486 601208 3561278 - - Money market funds 1451606 1451606 - - - Mortgage- backed securities 461635 - 461635 - - Subtotal - City Investments 3311311049 2110661407 1119831187 811455 - Fiduciary Fund: U.S. Government securities 312491772 110641283 115891829 5951660 - Corporate bonds 210211546 5451450 110961139 3791957 - Subtotal - Fiduciary Fund 512711318 116091733 216851968 9751617 - Total investments $ 38,402,367 $ 22,676,140 $ 14,669,155 $ 1,057,072 $ - Credit Risk - Generally, credit risk is the risk that an issuer of adebt -type investment will not fulfill its obligation to the holder of the investment. This is measured by assignment of a rating by a nationally- recognized rating organization. The City's investment policy provides strict guidelines and limits investments to highly rated securities with minimum ratings of A (long term securities), A -1/13-1 (short term securities), and AAAm (money market mutual funds). The Finance Director shall determine the appropriate action for any investment held that is downgraded below the minimum rating by one or more rating agencies. U.S. government securities or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk exposure. The pension fund limits its credit risk by limiting its fixed income investments to securities with the top (4) ratings issued by nationally recognized statistical rating organizations. 37 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 3 - DEPOSITS AND INVESTMENTS (continued) The City's and fiduciary fund's portfolio is rated by Standard & Poor's and Moody's Investor Services, respectively, as follows: 33,131,049 Fiduciary Fund: Al Fair Rating Value City Investments: 302,721 AAA $ 11848,389 AAAm 17,530,007 AA+ 111716,350 AA 248,525 AA- 548,273 A+ 258,899 A 175,813 A -1+ 404,837 A -1 399,956 33,131,049 Fiduciary Fund: Al 609,843 A2 801,530 A3 302,721 Aa3 3071452 AAA 3,249,772 5,271,318 $ 38,402,367 Concentration - The City's policy is to maintain a diversified portfolio to minimize the risl< of loss resulting from concentration of assets in a specific issuer. Specific limits have been established which limit the percentage of portfolio assets that can be invested with a specific issuer. GASB Statement No. 40, Deposit and Investment Risk Disclosures, requires disclosure when the percentage is 5% or more in any one issuer. Investments issued or explicitly guaranteed by the U.S. government and investments in mutual funds external investments pools, or other pooled investments are excluded from this requirement. At September 30, 2014, the City had investments in the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Banl<s (FHLB) amounting to 5.86% and 5.00 %, respectively, of the total investments held by the City. The pension fund limits investments that may be invested in any one issuer to no more than 5% of plan's net position, other than those issued by the U.S. Government or its Agencies. More than 5% of the plan's net position is invested in debt securities issued by the Unites States Treasury. The United States Treasury investments represented 9.14% of Plan's Net Position. Given the restriction to the highest rating, this concentration is not viewed to be an additional risl< to the City. Custodial credit risl< - For an investment, custodial credit risl< is the risl< that, in the event of the failure of the counterparty (e.g., brol<er- dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The City's investment policy requires securities, with the exception of certificates of deposit, to be registered in the City's name and held with a third party custodian. W CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 3 - DEPOSITS AND INVESTMENTS (continued) Foreign credit risk - For an investment, foreign credit risk is the risk that fluctuations in currency exchange rates may affect transactions conducted in currencies other than U.S. dollars and the carrying value of foreign investments. The City is not exposed to foreign credit risk. The pension fund's investments include American Depository Receipts ( "ADRs "), which are non -U.S. equity issued in U.S. dollars and have no foreign credit risk. The total of the investments in foreign securities, all of which are ADR's, is $ 3,738,468. The investment policy limits the foreign investments to no more than 15% of the plan's investments balance. At September 30, 2014, these foreign investments were 13% of the total investments. NOTE 4— RECEIVABLES Receivables as of September 30, 2014 consist of the following: Governmental funds: Utility service taxes Police services Vendors and miscellaneous Franchise fees Total governmental funds NOTE 5 - INTERFUND TRANSFERS Interfund transfers during the year ended September 30, 2014 were as follows: General Fund Charter School Fund Debt Service Fund Series 2000 Nonmajor governmental funds Transfers In $ 30,000 200,000 511,398 9 nu 927 $ 21773,685 Transfers ni it $ 21299,685 444,000 'in nnn $ 21773,685 Transfers are used to: (1) move revenues from the fund that statute or budget requires to collect them, to the fund that statute or budget requires to expend them from or (2) use of unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations. Transfers to the General Fund represent reimbursement of costs from the 911 Fund of $ 30,000. The transfer to the Charter School Fund consists of $ 200,000 from the General Fund which is being used to support future capital projects occurring in the Charter School Special Revenue Fund. The remaining transfers represent transfers to meet debt service requirements in the Debt Service Funds. 39 Charter Nonmajor General School Governmental Fund Fund Funds Total $ 434,684 $ - $ - $ 434,684 691012 - 521985 1211997 611041 31857 - 641898 461795 - - 461795 $ 6111532 $ 31857 $ 521985 $ 6681374 Interfund transfers during the year ended September 30, 2014 were as follows: General Fund Charter School Fund Debt Service Fund Series 2000 Nonmajor governmental funds Transfers In $ 30,000 200,000 511,398 9 nu 927 $ 21773,685 Transfers ni it $ 21299,685 444,000 'in nnn $ 21773,685 Transfers are used to: (1) move revenues from the fund that statute or budget requires to collect them, to the fund that statute or budget requires to expend them from or (2) use of unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations. Transfers to the General Fund represent reimbursement of costs from the 911 Fund of $ 30,000. The transfer to the Charter School Fund consists of $ 200,000 from the General Fund which is being used to support future capital projects occurring in the Charter School Special Revenue Fund. The remaining transfers represent transfers to meet debt service requirements in the Debt Service Funds. 39 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 6 - CAPITAL ASSETS Capital assets activity for the year ended September 30, 2014 was as follows: Balance Retirements Balance nrtnhPr 1 And gPntPmhPr 'in Governmental activities: Capital assets, not being depreciated: Land $ 17,102,344 $ 3,920,520 $ - $ 21,022,864 Construction in progress 611321653 316081723 (6,132,653) 316081723 Total capital assets, not being depreciated 2312341997 715291243 (6,132,653) 2416311587 Capital assets, being depreciated: Buildings 4412961799 417971474 - 4910941273 Improvements other than buildings 1117831350 681788 - 1118521138 Infrastructure 3813541510 113511600 - 3917061110 Furniture, machinery and equipment 1418951631 5751055 (625,215) 1418451471 Total capital assets, being depreciated 10913301290 617921917 (625,215) 11514971992 Less accumulated depreciation for: Buildings 1113411009 112991999 - 1216411008 Improvements other than buildings 316311265 4461776 - 410781041 Infrastructure 1515251429 114291192 - 1619541621 Furniture, machinery and equipment 1111251465 111171984 (556,955) 1116861494 Total accumulated depreciation 4116231168 412931951 (556,955) 4513601164 Total capital assets, being depreciated, net 6717071122 214981966 (68,260) 7011371828 Governmental activities capital assets, net $ 90,942,119 $ 10,028,209 $ (6,200,913) $ 94,769,415 Business -type activities: Capital assets, being depreciated: Infrastructure $ 9,658,576 $ - $ - $ 9,658,576 Less accumulated depreciation 218291127 2971324 - 311261451 Total capital assets, being depreciated, net 618291449 (297,324) - 615321125 Business -type activities capital assets, net $ 6,829,449 $ (297,324) $ - $ 6,532,125 40 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 6 - CAPITAL ASSETS (continued) Depreciation expense was charged to functions /programs of the primary government as follows: Governmental activities: General government $ 543,992 Public safety 706,728 Community services 31043,231 $ 41293,951 Business -type activities: Stormwater utility $ 297,324 NOTE 7 - LONG -TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES Changes in Governmental Activities long -term liabilities during the year ended September 30, 2014 were as follows: Balance Balance October 1, September 30, Due Within 2013 Additions Reductions 2014 One Year Series 2000 Revenue Bonds payable $ 3,295,000 $ - $ (345,000) $ 2,950,000 $ 3601000 Series 2010 Refunding Revenue Bonds payable 915101000 - (455,000) 910551000 4701000 Series 2011 Refunding Revenue Bonds payable 511151000 - (240,000) 418751000 2551000 Series 2012 Refunding Revenue Bonds payable 912951000 - (635,000) 816601000 6501000 Compensated absences payable 215571834 115611963 (1,122,773) 219971024 110481959 Other post - employment benefits 2631000 591000 - 3221000 - $ 30,035,834 $ 1,620,963 $ (2,797,773) $ 28,859,024 $ 2,783,959 Compensated absences attributable to governmental activities are generally liquidated by the General Fund. Revenue bonds as of September 30, 2014 were comprised of the following: Series 2000 Revenue Bonds, principal is due annually over 20 years in various amounts through October 2020. The bonds bear interest at 5.04% and are payable semi - annually on October 1 and April 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. $ 21950,000 Series 2010 Refunding Revenue Bonds, principal is due annually over 18 years in various amounts through April 2029. The bonds bear interest at 3.42% and are payable semi- annually on October 1 and April 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. 91055,000 41 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 7 -LONG -TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES (continued) Series 2011 Refunding Revenue Bonds, principal is due annually over 18 years in various amounts through April 2029. The bonds bear interest at 3.64% and are payable semi- annually on October 1 and April 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. 41875,000 Series 2012 Refunding Revenue Bonds, principal is due annually over 15 years in various amounts through August 2027. The bonds bear interest at 2.18% and are payable semi- annually on February 1 and August 1 of each year. The bonds are collateralized by available Non -Ad Valorem revenues. 81660,000 $ 25,540,000 Series 2000 Revenue Bonds The City previously issued $ 6,555,000 in Series 2000 Revenue Bonds to finance the acquisition of land for parks and recreational purposes and for the construction of a community recreation center. The bond indenture relating to this issue requires that a reserve fund of $ 500,000 be established, the balance of which as of September 30, 2014 was sufficient to meet this requirement. The indenture also requires the maintenance of a minimum debt service coverage ratio of 2.50:1.00. Series 2010 and 2011 Refunding Revenue Bonds The City previously issued $ 21,000,000 in Series 1999 Revenue Bonds to finance the acquisition of land, buildings and other improvements related to municipal parks and the City's administrative complex and police station. At September 30, 2014, this bond series was fully defeased. In fiscal year 2010, the City issued Series 2010 Refunding Revenue Bonds to partially advance refund $ 10,580,000 of the then outstanding Series 1999 Revenue Bonds. In fiscal year 2011, the City issued Series 2011 Refunding Revenue Bonds to advance refund the remaining $ 5,700,000 of the then outstanding Series 1999 Revenue Bonds. The City refunded the Series 1999 Revenue Bonds to reduce its aggregate debt service payments by approximately $ 3,166,000. Series 2012 Refunding Revenue Bonds The City previously entered into a bond indenture agreement with the Florida Intergovernmental Finance Commission through an interlocal governmental agreement. As a result, the City issued $ 12,610,000 in Series 2002 Revenue Bonds to finance the acquisition of land and construction of a charter school as well as the construction of the community recreation center. At September 30, 2014, this bond series was fully defeased. In fiscal year 2012, the City issued $ 9,885,000 in Series 2012 Refunding Revenue Bonds to advance refund $ 10,165,000 (including a City contribution of approximately $ 598,000) of the then outstanding Series 2002 Revenue Bonds. The City advance refunded the Series 2002 Revenue Bonds to reduce its total debt service payments by approximately $ 31810,000. 42 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 7 -LONG -TERM LIABILITIES OF GOVERNMENTAL ACTIVITIES (continued) The annual debt service requirements to maturity for the revenue bonds are approximately as follows: Year Ending September 30, Principal Interest Total 2015 $ 11735,000 $ 811,900 $ 21546,900 2016 11790,000 753,900 21543,900 2017 11850,000 693,700 21543,700 2018 11820,000 631,300 21451,300 2019 11880,000 568,800 21448,800 2020 -2024 81850,000 11869,100 10,719,100 2025 -2029 71615,000 585,100 81200,100 $ 25,540,000 $ 51913,800 $ 31,453,800 NOTE 8 - COMMITMENTS AND CONTINGENCIES Litigation: Various claims and lawsuits, which arise in the normal course of operations, are pending against the City. It is management's opinion, based on the advice of the City Attorney, that the outcome of these actions will not have a material adverse effect on the financial statements of the City. Management also believes that any possible adverse effect on litigation against the City will be covered by insurance. Government grants: Revenue recognized from grants may be subject to audit by the grantor agencies. In the opinion of City management, as a result of such audits, disallowances of grant revenues, if any, would not have a material adverse effect on the City's financial condition. Employment agreement: The City has an employment contract with its City Manager that provides for an annual salary, adjusted for cost -of- living increases and certain benefits. This agreement is effective for an indefinite term subject to termination of the City Manager by the City Commission in accordance with Article III, Section 3.08 of the City Charter. The City Manager must provide two (2) months advance written notice to resign voluntarily. Charter school agreements: The City has a contract with the School Board of Miami -Dade County, Florida, that allows for Aventura City of Excellence School to provide the residents of the City of Aventura an elementary and middle school education choice. In 2012, the City Commission acting in their capacity as the School's Governing Board, signed their third contract amendment with the County to increase the School's capacity from 972 to 1032 students over five years, commencing with the school year 2012/2013. The contract ends on June 30, 2018 but provides for a renewal of up to 15 years by mutual agreement of both parties. 43 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 8 - COMMITMENTS AND CONTINGENCIES (continued) The City previously entered into an agreement with Charter School USA, Inc. ( "CSUSA ") to provide administrative and educational services for the City's charter school. The agreement expired on June 30, 2013 and both parties agreed to a five -year renewal term through June 30, 2018. The renewed agreement provides for an additional renewal term of up to five years upon agreement of both parties and provided the Miami -Dade County School Board extends the charter granted to the City. Other agreements: The City has a three -year nonexclusive agreement with an engineering consulting firm (the "Consultant ") to provide building inspections and plan review services. Pursuant to the agreement, the Consultant receives 70% of the gross building permit fee revenues for the first $ 50,000 in fees in a month and 65% of the amount in excess of $ 50,000 per month. However, the Consultant receives 35% of the permit fee for all projects owned, paid for and to be operated by the City. The agreement may be renewed for one additional three -year term. Pension funding: Economic developments surrounding the overall market- liquidity, credit availability and market collateral levels may result in declines in the value of the investment securities held by the Police Officers' Retirement Plan. Consequently, the City's required contribution amount to the Plan, which is necessary to maintain the actuarial soundness and to provide the level of assets sufficient to meet participant benefits, could significantly increase in future periods. It is management's opinion that future contributions to the Plan will not have a material adverse effect on the City's financial position. Construction agreements: The City has entered into various agreements in reference to the construction and maintenance of the City streets and other infrastructure projects. At year -end, outstanding construction commitments amounted to approximately $ 92,000. Fncumbrances: As discussed in Note 1(12.) Summary of Significant Accounting Policies, encumbrance accounting is utilized to the extent necessary to assure effective budgetary control and accountability and to facilitate effective cash planning and control. At year end the amount of encumbrances expected to be honored upon performance by the vendor in the next year were as follows: General Fund $ 789,486 Charter School Fund 243,711 Street Maintenance Fund 42,125 $ 11075,322 M I� CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 9 - RISK MANAGEMENT The City is exposed to various risks of loss related to torts, thefts of, damage to and destruction of assets, errors and omissions, employee health, workers' compensation and natural disasters for which the City carries commercial insurance. Settlement amounts have not exceeded insurance coverage for any of the past three (3) fiscal years. In addition, there were no reductions in insurance coverage from those in the prior year. NOTE 10 - OTHER POST - EMPLOYMENT BENEFITS The City had previously implemented the Governmental Accounting Standards Board Statement No. 45, Accounting and Reporting by Employers for Postemployment Benefits Other Than Pension (OPEB), for certain postemployment health care benefits provided by the City. As of October 1, 2013, the latest actuarial valuation, health care and dental plan participants consisted of: Active Plan participants 165 Retiree Plan participants 2 167 Plan Description: Pursuant to Section 112.0801, Florida Statutes, the City is required to permit participation in the health insurance program to retirees and their eligible dependents at a cost to the retiree that is no greater than the cost at which coverage is available for active employees. Other than certain department directors, retirees must pay a monthly premium as determined by the insurance carrier. Retirees pay 100% of the blended equivalent premium rates. The blended rates provide an implicit subsidy for retirees because, on an actuarial basis, their current and future claims are expected to result in higher costs to the plan on average than those of active employees. Pursuant to Resolution 2006 -64; department directors who retire at age 55 or later with at least 10 years of service are not required to pay a premium for medical or dental coverage for themselves prior to age 65. For these individuals, there is an explicit subsidy where the City provides for the retiree's coverage. The plan described above is currently offered by the City under a "single employer plan" structure. The City provides all financial information and required disclosures of its other post - employment benefit plan in this document; therefore, a separate audited post - employment benefits plan report is not available. Funding Policy: The City is funding the post - employment benefits on a pay -as- you -go basis. For the fiscal year ended September 30, 2014, the annual required contribution was $ 119,000. The City made estimated explicit and implicit contributions of $ 43,000 towards this amount. Retirees contributed approximately $ 49,000 towards the cost of these benefits, for the fiscal year ended September 30, 2014. At September 30, 2014 the City recorded a net OPEB obligation of $ 322,000 for governmental activities, in its government -wide statement of net position. W CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 10 -OTHER POST - EMPLOYMENT BENEFITS (continued) Annual OPEB Cost and Net OPEB Obligation: The annual other postemployment benefit (OPEB) cost (expense) is calculated based on the annual required contribution (ARC), an amount actuarially determined in accordance with the parameters of GASB Statement No. 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover the normal cost each year and amortize any unfunded actuarial liability over a period not to exceed 30 years. The following table shows the components of the City's annual OPEB cost for the year, the amount actually contributed, and the changes in the net OPEB obligation. Annual Required Contribution (ARC) $ 119,000 Interest on net pension obligation 111000 Adjustment to annual required contribution (27,000) Total annual OPEB cost 103,000 Employer contributions made (43,000) Interest on employer contributions (1,000) Increase in net OPEB obligation 59,000 Net OPEB obligation, beginning of year 263,000 Net OPEB obligation, end of year $ 322,000 *estimated, reflects both the explicit and implicit subsidy. The City's annual OPEB cost, the percentage of annual OPEB costs contributed to the plan, and the net OPEB obligation for 2014 and two preceding years were as follows: Funded Status and Funding Progress: The schedule of funding progress, presented as RSI following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits. An analysis of funding progress (the last plan year valuation date) is as follows: Actuarial Accrued Unfunded Liability Actuarial UAAL Actuarial Actuarial at Entry Accrued as % of Valuation Value of Age Liability Funded Covered Covered n-,+„ n r- r-r.+r- I n n i I I I i n n i I D-,+;,, I")-,..,,,II r),. .,,,I 10/01/13 $ - $ 679,000 $ 679,000 0.0% $ 11,640,000 5.8% iO Percentage Annual of Annual Year Ending OPEB OPEB Cost Net OPEB September 30, Cost Contributed Obligation 2014 $ 103,000 43.00% $ 322,000 2013 $ 103,000 43.00% $ 263,000 2012 $ 111,000 87.00% $ 204,000 Funded Status and Funding Progress: The schedule of funding progress, presented as RSI following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits. An analysis of funding progress (the last plan year valuation date) is as follows: Actuarial Accrued Unfunded Liability Actuarial UAAL Actuarial Actuarial at Entry Accrued as % of Valuation Value of Age Liability Funded Covered Covered n-,+„ n r- r-r.+r- I n n i I I I i n n i I D-,+;,, I")-,..,,,II r),. .,,,I 10/01/13 $ - $ 679,000 $ 679,000 0.0% $ 11,640,000 5.8% iO CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 10 -OTHER POST - EMPLOYMENT BENEFITS (continued) Methods and Assumptions: Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short -term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long -term perspective of the calculations. In the October 1, 2013 actuarial valuation, the projected unit credit cost method was used. The annual required contribution (ARC) reflects a 12 -year open period, level dollar payment amortization of the unfunded actuarial accrued liability (UAAL). The actuarial assumptions included a 4.0% investment rate of return. The following assumptions were made: Eligibility: For police officers, retirement was assumed to occur at the earlier of any age with at least 25 years of service or at age 55 with at least six (6) years of service; for all other employees eligibility was assumed to occur at the earlier of any age with at least 30 years of service or at age 62 with at least six (6) years of service. Mortality: Sex - distinct mortality rates set forth in the RP -2000 mortality table for annuitants and non - annuitants, projected to 2013 by Scale AA, as published by the IRS for purposes of IRC section 430. Disability: Sex - distinct disability rates set forth in the Wyatt 1985 Disability Study; class 4 rates were used for police officers and class 1 rates were used for all other employees. Permanent Withdrawal from Active Status- Sex-distinct withdrawal rates set forth in Scale 155 table. Investment Rate of Return: A discount rate of 4.00% per annum. General Inflation Rate: A general inflation rate of 2.50% per annum. Healthcare Cost Trend Rate: The cost of covered medical services has been assumed to increase in accordance with the following rates, compounded annually: 47 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 10 -OTHER POST - EMPLOYMENT BENEFITS (continued) 2013/2014 2014/2015 2015/2016 2016/2017 2017/2018 and later 7.00% 6.50% 6.00% 5.50% 5.00% With respect to the fully subsidized dental insurance, the assumed dental costs increase at the rate of 3.00% per year. Implied Subsidy (Medical Insurance): The implied subsidy for a 62 -year old retiree is assumed to be $ 6,300 per year for each the retiree and the retiree's spouse. Implied Subsidy (Dental Insurance): There is no implied subsidy for the dental insurance since we have assumed that the premium charged for the covered individuals does not increase with age. Age- Related Morbidity: The cost of the medical services has been assumed to increase with age at the rate of 3.50% per annum. Retiree Contributions: Other than eligible department directors, retirees electing post - employment healthcare coverage have been assumed to make monthly contributions equal to the premium charged to active employees. Eligible department directors have been assumed to make the required contribution for healthcare coverage for their spouses. Cost -of- Living Increase: Retiree contributions have been assumed to increase in accordance with the healthcare cost trend assumption. Future ParticiDation Rates: Other than eligible department directors, 5% of eligible employees were assumed to elect coverage until age 65 upon retirement or disability; 100% of department directors who are eligible for the explicit subsidy from the City were assumed to elect coverage until age 65. Marriage and Dependent Assumption: 80% of males and 50% of females are assumed to elect coverage at retirement for them and their spouses, with husbands assumed to be three (3) years older than their wives; active employees were not assumed to have any dependent children upon retirement or disability. WOO CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 10 -OTHER POST - EMPLOYMENT BENEFITS (continued) COBRA Assumption: Future healthcare coverage provided solely pursuant to COBRA was not included in the OPEB valuation; because the COBRA premium is determined periodically based on plan experience, it is assumed that the COBRA premium to be paid by the participant fully covers the cost of providing healthcare coverage during the relevant period. NOTE 11- DEFINED CONTRIBUTION PENSION PLANS The City is a single- employer that contributes to four (4) defined contribution pension plans based on employee classification created in accordance with Internal Revenue Code Section 401(a). The plans currently cover all full -time employees of the City. Under these plans, the City contributes between 7% and an amount equal to the annual IRS maximum depending on employee classifications. City contributions for the City Manager, department directors and assistant department directors vest in the year they are contributed. City contributions to general employees vest beginning after one year of service through year five in 20% increments. Participants are not permitted to make contributions during the year. The City made plan contributions of approximately $ 734,000 during the year. Plan provisions and contribution requirements may be amended by the City Commission. In addition, the City provides to all full - time employees a deferred compensation plan under Section 457 of the Internal Revenue Code. Under this program, employees may voluntarily elect to defer a portion of their salary to future years; with no required contributions from the City. Both programs are administered by ICMA Retirement Corp. The City does not exercise any control or fiduciary responsibility over the Plans' assets. Therefore, the assets, liabilities and transactions are not included in the City's financial statements. NOTE 12 - DEFINED BENEFIT PENSION PLAN The City agreed to provide a defined benefit retirement plan effective October 1, 2003 through a collective bargaining contract between the City and the Miami -Dade County Police Benevolent Association City of Aventura Police Officers' Retirement Plan (the "Plan "). The Plan is a single- employer defined benefit retirement plan. The Plan was established by the City in accordance with a City ordinance and state statutes. The Plan covers, only sworn police officers and is funded by a combination of City contributions, employee contributions, rollover of 401(x) plan assets for certain employees and the proceeds of the state insurance premium tax on casualty insurance policies. The current funding levels of covered payroll are 19.39% for the City's contribution and 6.775% for the employee's contribution. The State is required to contribute pursuant to Chapter 185 of the Florida Statutes, a premium on certain casualty insurance contracts written on the City's property. The premium tax is collected by the State and remitted to the City. During the current fiscal year the City received $ 318,440 from the State. The Plan and employee contributions are mandatory for all sworn police officers. Contribution requirements of the Plan members and the participating employer are established and may be changed by an amendment to the City ordinance. The City utilizes the entry age normal cost method. The asset valuation method is a 5 year smooth. Information as of the latest actuarial valuation, dated October 1, 2012, included no cost of living adjustments and a 3.00% annual inflation rate; an annual investment rate of return of 7.50 %; projected annual salary increases of 5.00 %; the amortization method is level dollar, closed; and a remaining amortization period of 21 years. There have been no significant plan changes, changes to assumptions or methods since the prior valuation report. we CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 12 - DEFINED BENEFIT PENSION PLAN (continued) of: On October 1, 2012, (the most recent actuarial valuation date), Plan membership consisted Retirees and beneficiaries receiving benefits 13 Active Plan members 82 95 The financial statements of the Plan are prepared using the accrual basis of accounting. Plan member contributions are recognized in the period in which the contributions are due. The City's contributions are recognized when due and a formal commitment to provide the contributions has been made. Benefits and refunds are recognized when due and payable in accordance with the terms of the Plan. The general administration, management and investment decisions of the Plan and the responsibility for carrying out its provisions is vested in the five (5) members Board of Trustees. Administrative costs of the Plan are financed through current or prior investment earnings. The City has issued audited stand -alone financial statements for the Plan, which may be obtained from the City's Finance Department. The provisions of GASB Statement No.67, Financial Reporting for Pension Plans —An Amendment of GASB Statement No.25 have been implemented by the Plan in its fiscal year ended September 30, 2014 stand -alone report. Benefits: Normal retirement may be received upon attainment the earlier of age 55 with 10 years of credited service or upon completion of 25 years of credited service, regardless of age. For the first 40 years of service, the monthly benefit received will be 3.00% of final monthly compensation multiplied by the number of years of service, to a maximum of 80.00 %. Years credited beyond 40 will be taken into account at 2.00% of final compensation per year. Early retirement may be received upon the attainment of age 45 with 10 years of credited service. The benefit may be received either on a deferred basis or on an immediate basis. On an immediate basis, the benefit amount will be the normal retirement benefit reduced by 3.00% per year for each year by which the retirement date precedes the normal retirement date. On a deferred basis, the benefit amount will be the same as the normal retirement benefit except that the final compensation and credited service will be based upon the early retirement date. Disability retirement: Members who become disabled due to service - incurred injuries, which arise out of performance of service with the City, will receive a monthly benefit amount equal to the member's accrued benefit but not less than 42.00% of the member's final monthly compensation as of the date of disability, offset by any other payments, such as worker's compensation. Members who become disabled due to non - service - incurred injuries, which do not arise out of performance with the City, and who have completed at least 10 years of service, will receive a monthly benefit amount equal to 3.00% of final monthly compensation for each year of credited service, but not less than 30.00 %. all CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 12 - DEFINED BENEFIT PENSION PLAN (continued) Trend information indicates the progress made in accumulating sufficient assets to pay benefits when due. An analysis of funding progress for the year ended September 30, 2014 is as follows: Year Ending September 30, 2014 2013 2012 Funded status and funding Droeress: Annual Pension r.-..-+ $ 11840,254 $ 11972,010 $ 11936,952 Percentage Net Pension of APC Obligation/ . +r; 4, , , +..,%A 1A1-1-e%+1 101% $ (220,059) 99% $ (193,330) 99% $ (205,783) The schedule of funding progress, presented as RSI following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits. An analysis of funding progress as of October 1, 2012, (the most recent actuarial valuation date), is as follows: Actuarial Accrued Unfunded Liability Actuarial UAAL Actuarial Actuarial at Entry Accrued as % of Valuation Value of Age Liability Funded Covered Covered Date Assets (AAL) (UAAL) Ratio Payroll Payroll 10/01/12 $ 19,6101921 $ 25,129,927 $ 51519,006 78.04% $ 71663,687 72.02% The annual pension cost and net pension obligation (asset) for the Plan for year ended September 30, 2014 is as follows: Annual Required Contribution (ARC) $ 11828,554 Interest on net pension obligation (14,500) Adjustment to annual required contribution 26,200 Annual Pension Cost 11840,254 Contributions made 1,866,983 Increase in net pension (asset) obligation (26,729) Net pension (asset) obligation, beginning of year (193,330) Net pension (asset) obligation, end of year $ (220,059) 51 CITY OF AVENTU RA, FLORIDA NOTES TO BASIC FINANCIAL STATEMENTS September 30, 2014 NOTE 13 - PRONOUNCEMENTS ISSUED BUT NOT YET EFFECTIVE The GASB has issued several statements not yet implemented by the City. The statements which might impact the City are as follows: GASB Statement No. 68, Accounting and Financial Reporting for Pensions —on amendment of GASB Statement No. 27, was issued June 2012. The primary objective of this Statement is to improve accounting and financial reporting by state and local governments for pensions. This Statement results from a comprehensive review of the effectiveness of existing standards of accounting and financial reporting for pensions with regard to providing decision - useful information, supporting assessments of accountability and inter - period equity, and creating additional transparency. This Statement replaces the requirements of Statement No. 27, Accounting for Pensions by State and Local Governmental Employers, as well as the requirements of Statement No. 50, Pension Disclosures, as they relate to pensions that are provided through pension plans administered as trusts or equivalent arrangements that meet certain criteria. The provisions of this Statement will be effective for the fiscal year ending September 30, 2015. GASB Statement No. 69, Government Combinations and Disposals of Government Operations, was issued January 2013. This Statement establishes accounting and financial reporting standards related to government combinations and disposals of government operations. As used in this Statement, the term government combinations include a variety of transactions referred to as mergers, acquisitions, and transfers of operations. The provisions of this Statement will be effective for the fiscal year ending September 30, 2015. GASB Statement No. 71, Accounting and Financial Reporting for Non - Exchange Financial Transactions, was issued November 2013. The objective of this Statement is to address an issue regarding application of the transition provisions of Statement No. 68, Accounting and Financial Reporting for Pensions. The issue relates to amounts associated with contributions, if any, made by a state or local government employer or nonemployer contributing entity to a defined benefit pension plan after the measurement date of the government's beginning net pension liability. The provisions of this Statement will be effective for the fiscal year ending September 30, 2015. The City's management has not yet determined the effect that these unadopted standards may have on the City's financial statements. 52 CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND For the Year Ended September 30, 2014 53 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES: Ad valorem taxes: Current $ 12,768,153 $ 12,768,153 $ 12,669,112 $ (99,041) Delinquent 44,372 44,372 122,332 77,960 Utility service taxes: Electric 41100,000 41100,000 41572,988 472,988 Telecommunication 21600,000 21600,000 21359,286 (240,714) Water 900,000 900,000 926,142 26,142 Gas 30,000 30,000 26,413 (3,587) Franchise fees: Electric 21600,000 21600,000 11730,392 (869,608) Gas 30,000 30,000 19,822 (10,178) Sanitation 440,000 440,000 469,662 29,662 Towing 30,000 30,000 69,845 39,845 Tota I taxes 23,542,525 23,542,525 22,965,994 (576,531) Intergovernmental revenues: Federal grants 81000 81000 81800 800 State and local grants 91679 91679 19,502 91823 State pension contribution 268,000 268,000 318,440 50,440 Alcoholic beverage licenses 20,000 20,000 18,919 (1,081) State revenue sharing 435,000 435,000 587,364 152,364 Half cent sales tax 21300,000 21390,000 21657,754 2671754 County occupational licenses 45,000 45,000 46,707 11707 Total intergovernmental revenues 31085,679 31175,679 31657,486 481,807 Licenses and permits: City business tax receipts 840,000 840,000 915,238 75,238 Building permits 11451,500 11987,500 21195,465 207,965 Certificates of occupancy 35,000 35,000 571768 221768 Engineering 15,000 15,000 15,915 915 Total licenses and permits 21341,500 21877,500 311841386 306,886 Charges for services: Certificate of use fees 51200 51200 41165 (1,035) Lien search fees 90,000 90,000 108,906 18,906 Development review fees 90,000 154,000 180,720 26,720 Recreation /cultural events 985,000 11057,000 11062,354 51354 Police services 11025,000 11075,000 11149,366 74,366 Total charges for services 21195,200 21381,200 21505,511 124,311 53 CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND (continued) For the Year Ended September 30, 2014 54 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Fines and forfeitures: County court fees 425,000 425,000 3241275 (100,725) Code violation fines 112071000 112071000 11580,514 373,514 Total fines and forfeitures 11632,000 11632,000 11904,789 2721789 Other: Investment income 125,000 125,000 52,666 (72,334) Miscellaneous 46,000 46,000 90,217 441217 Total other 171,000 171,000 142,883 (28,117) Total revenues 32,967,904 33,779,904 34,361,049 5811145 EXPENDITURES: Current General government: City Commission: Personnel services 62,063 62,063 62,869 (806) Operating 62,077 62,077 54,550 71527 City Manager: Personnel services 645,604 645,604 6611774 (16,170) Operating 141,500 141,500 109,278 321222 Capital outlay 41000 41000 11768 21232 Finance: Personnel services 8321712 8321712 8371136 (4,424) Operating 124,965 124,965 941427 30,538 Capital outlay 21000 21000 11929 71 Information technology: Personnel services 683,734 683,734 6011271 821463 Operating 249,100 249,100 1931693 55,407 Capital outlay 221,000 450,900 66,999 383,901 Legal: Operating 270,000 295,000 293,094 11906 City Clerk: Personnel services 231,031 239,031 2511286 (12,255) Operating 50,700 541700 411429 13,271 Total general government - departmental 31580,486 31847,386 31271,503 575,883 54 CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND (continued) For the Year Ended September 30, 2014 See Notes to Required Supplementary Information. 55 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Nondepartmental: Personnel services 10,000 10,000 966 91034 Operating 11490,200 11490,200 11335,210 154,990 Capital outlay 141773,487 141773,487 203,686 14,569,801 Total general government - nondepartmental 16,273,687 16,273,687 11539,862 141733,825 Total general government 19,854,173 20,121,073 41811,365 15,309,708 Public safety: Police: Personnel services 15,185,378 15,235,378 15,035,476 199,902 Operating 11859,500 11859,500 11934,150 (74,650) Capital outlay 727,600 21504,044 11503,458 11000,586 Community development: Personnel services 7671255 7671255 7611434 51821 Operating 11121,850 11721,850 11700,625 211225 Capital outlay 41000 94,000 31855 90,145 Total public safety 19,665,583 221182,027 20,938,998 11243,029 Community services: Personnel services 11388,298 11388,298 11395,326 (7,028) Operating 21907,500 31032,500 21999,783 321717 Capital outlay 11277,600 11764,364 11763,712 652 Arts and cultural center: Operating 693,793 723,793 690,117 331676 Capital outlay 19,200 34,058 24,876 91182 Total community services 612861391 61943,013 61873,814 69,199 Total expenditures 45,806,147 49,246,113 32,624,177 16,621,936 Excess (deficiency) of revenues over expenditures (12,838,243) (15,466,209) 11736,872 171203,081 Other financing sources (uses): Sale of general capital assets 10,000 110,000 128,907 18,907 Transfers in 30,000 30,000 30,000 - Transfers out (2,221,190) (2,299,685) (2,299,685) - Appropriated fund balance 15,019,433 17,625,894 - (17,625,894) Total other financing sources (uses) 12,838,243 15,466,209 (2,140,778) (17,606,987) Net change in fund balance $ - $ - $ (403,906) $ (403,906) See Notes to Required Supplementary Information. 55 CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SPECIAL REVENUE FUND STREET MAINTENANCE FUND For the Year Ended September 30, 2014 REVENUES: Intergovernmental revenues Impact fees Investment income Total revenues EXPENDITURES: Operating Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Appropriated fund balance Total other financing sources (uses) Net change in fund balance 200,000 11586,617 - (1,586,617) 200,000 11586,617 - (1,586,617) See Notes to Required Supplementary Information. 56 626,863 $ 626,863 Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) $ 11725,000 $ 11725,000 $ 21130,408 $ 405,408 - - 71,600 71,600 500 500 31803 31303 11725,500 11725,500 21205,811 480,311 825,000 825,000 8241199 801 11100,500 214871117 7541749 11732,368 11925,500 31312,117 11578,948 11733,169 (200,000) (1,586,617) 626,863 21213,480 200,000 11586,617 - (1,586,617) 200,000 11586,617 - (1,586,617) See Notes to Required Supplementary Information. 56 626,863 $ 626,863 See Notes to Required Supplementary Information. 57 CITY OF AVENTU RA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULES OF FUNDING PROGRESS POLICE OFFICERS' RETIREMENT PLAN FUND AND OTHER POST - EMPLOYMENT BENEFITS (UNAUDITED) (b) Actuarial Accrued UAAL Liability as a (a) (AAL)- Unfunded Percentage Actuarial Actuarial Frozen AAL Funded (c) of Covered Valuation Value Initial (UAAL) Ratio Covered Payroll Date of Assets Liability (b) -(a) (a) /(b) Payroll (b- a) /(c) POLICE OFFICERS' RETIREMENT PLAN FUND (UNAUDITED) 10/01/12 $ 19,610,921 $ 25,129,927 $ 515191006 78.04% $ 716631687 72.02% 10/01/09 $ 10,375,587 $ 16,273,418 $ 518971831 63.76% $ 614181797 91.88% 10/01/07 $ 61935,097 $ 10,825,108 $ 318901011 64.06% $ 515761592 69.76% OTHER POST - EMPLOYMENT BENEFITS (UNAUDITED) 10/01/13 $ - $ 6791000 $ 6791000 0.0% $ 11,640,000 5.83% 10/01/11 $ - $ 7101000 $ 7101000 0.0% $ 12,781,000 5.56% 10/01/08 $ - $ 7351000 $ 7351000 0.0% $ 911751000 8.01% See Notes to Required Supplementary Information. 57 CITY OF AVENTURA, FLORIDA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CONTRIBUTIONS FROM THE EMPLOYER AND THE STATE OF FLORIDA - POLICE OFFICERS' RETIREMENT PLAN FUND (UNAUDITED) See Notes to Required Supplementary Information. 58 CITY STATE OF FLORIDA Annual Required City Percentage Annual Percentage Contribution Contribution Contributed Contribution Contributed 2014 $ 11510,114 $ 11548,543 102.54% $ 3181440 100.00% 2013 $ 11671,831 $ 11671,831 100.00% $ 2871726 100.00% 2012 $ 11655,005 $ 11655,005 100.00% $ 2681692 100.00% 2011 $ 11645,843 $ 11645,843 100.00% $ 2501125 100.00% 2010 $ 11245,754 $ 11320,667 106.01% $ 2841381 100.00% 2009 $ 8861124 $ 11149,156 129.68% $ 2651314 100.00 See Notes to Required Supplementary Information. 58 CITY OF AVENTU RA, FLORIDA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION September 30, 2014 NOTE 1- BUDGETS AND BUDGETARY ACCOUNTING An annual appropriated budget is adopted for all governmental funds with the exception of the Charter School Fund, Federal Forfeiture Fund and Law Enforcement Trust Fund. All of the funds mentioned in this paragraph are Special Revenue Funds. The City follows these procedures in establishing the budgetary data reflected in the basic financial statements: a. The City Manager submits to the City Commission a proposed operating and capital budget for the ensuing fiscal year. The budget includes proposed expenditures and the means of financing them. b. Public hearings are conducted to obtain taxpayer comments. C. Prior to October 1, the budget is legally enacted through passage of an ordinance. d. Formal budgetary integration is employed as a management control device during the year for the governmental funds described above. e. The City Commission, by ordinance, may make supplemental appropriations for the year up to the amount of revenues in excess of those estimated. The City Commission made several supplementary budgetary appropriations throughout the year including approximately $ 3,518,500 in the General Fund. f. Budgets for the governmental funds are adopted on a basis consistent with generally accepted accounting principles ( "GAAP "). g. The City Manager is authorized to transfer part or all of an unencumbered appropriation balance within departments within a fund; however, any revisions that alter the total appropriations of any department or fund must be approved by the City Commission. The classification detail at which expenditures may not legally exceed appropriations is at the department level. h. Encumbrances lapse at fiscal year -end. Encumbrances are reappropriated in the following year's budget. i. Expenditures did not exceed appropriations in any of the governmental funds. NOTE 2 - ACTUARIAL ASSUMPTIONS Police Officers' Retirement Plan Fund - Information as of the latest actuarial valuation date of October 1, 2012 included no cost of living adjustments and a 3.00% annual inflation rate; an annual investment rate of return of 7.50 %; projected annual salary increases of 5.00 %; the amortization method is level dollar, closed; and a remaining amortization period of 24 years. Other Post - Employment Benefits - Information as of the latest actuarial valuation date of October 1, 2013 included an annual investment rate of return of 4.0 %; the amortization method is level dollar; an amortization period of 12 year -open and an actuarial cost method of projected unit credit. 59 NON -MAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS Special revenue funds are used to account for and report specific revenues that are restricted or committed to expenditure for particular purposes other than debt service or capital projects. Police Education Fund -This fund is used to account for revenues and expenditures associated with the two dollars ($2) the City receives from each paid traffic citation, by State Statute, must be used to further the education of the City's police officers. 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 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. Federal Forfeiture Fund - This fund is used to account for proceeds obtained from the sale of confiscated and unclaimed property turned over to the City through court judgments. Proceeds are to be used solely for crime fighting purposes. Law Enforcement Trust Fund - This fund is used to account for resources resulting from police department confiscations and their expenditure for law enforcement purposes. CAPITAL PROJECTS FUNDS Capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and other capital assets. Capital Projects - This fund is used to account for impact fees and other revenue sources specifically earmarked for capital projects. DEBT SERVICE FUNDS Debt service funds are used to account for and report the accumulation of financial resources that are restricted, committed, or assigned for the payment of principal and interest on all general long -term debt. Debt Service Fund Series 2010 & 2011 - This fund is used to accumulate monies for the payment of the 2010 and 2011 Refunding Revenue Bonds. Non -ad valorem tax revenues in the governmental funds are pledged for the payment of principal and interest. Debt Service Fund Series 2012 - Charter School Land Acquisition - This fund is used to accumulate monies for the payment of the 2012 Refunding Revenue Bonds. Non -ad valorem tax revenues in the governmental funds are pledged for the payment of principal and interest. Debt Service Fund Series 2012 - Charter School Building Construction - This fund is used to accumulate monies for the payment of the 2012 Refunding Revenue Bonds. Non -ad valorem tax revenues in the governmental funds are pledged for the payment of principal and interest. ASSETS: Cash, cash equivalents and investments Restricted cash, cash equivalents and investments Accounts receivable, net Due from other governments Total assets LIABILITIES: Accounts payable Accrued liabilities Total liabilities DEFERRED INFLOWS OF RESOURCES: Unavailable revenue - intergovernmental FUND BALANCES: Assigned for: Community services Restricted for: Public safety Debt service Total fund balances Total liabilities, deferred inflows of resources, and fund balances CITY OF AVENTU RA, FLORIDA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS September 30, 2014 Special Revenue Funds Capital Projects Fund Law Police Federal Enforcement Education 911 Forfeiture Trust Capital $ 563 $ 191125 $ 11058,239 $ 103,229 $ 11059,639 52,985 - - - .r7 1,1LV .r7 / L,11V .r7 1,VJO,LJ7 .r7 1VJ,LL7 .r7 11 VJ71 VJ7 $ - $ 185 $ 61301 $ 195 $ - 185 61301 195 - - 261645 - - - - - - - 110331741 11120 451280 110511938 1031034 251898 11120 451280 110511938 1031034 110591639 $ 11120 $ 721110 $ 11058,239 $ 103,229 $ 11059,639 60 $ 255,771 $ 71443 $ 1281506 $ 21632,515 - 63 60 123 - - - 52,985 yJ LJJ, / / 1 yJ /,JVV yJ 1LU,JVV yJ L,VUV,IUV 61681 2431566 - - 2431566 2431566 - - 2501247 - - - 261645 - 110331741 - - - 112271270 121205 71506 1281566 1481277 121205 71506 1281566 214091288 $ 255,771 $ 71506 $ 1281566 $ 21686,180 61 Debt Service Funds Debt Debt Service Fund Service Fund Debt Series 2012 Series 2012 Service Charter Charter Total Fund School School Nonmajor Series 2010 Land Building Governmental $ 255,771 $ 71443 $ 1281506 $ 21632,515 - 63 60 123 - - - 52,985 yJ LJJ, / / 1 yJ /,JVV yJ 1LU,JVV yJ L,VUV,IUV 61681 2431566 - - 2431566 2431566 - - 2501247 - - - 261645 - 110331741 - - - 112271270 121205 71506 1281566 1481277 121205 71506 1281566 214091288 $ 255,771 $ 71506 $ 1281566 $ 21686,180 61 CITY OF AVENTU RA, FLORIDA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS For the Year Ended September 30, 2014 REVENUES: Intergovernmental revenues Fines and forfeitures m pact fees Investment income Miscellaneous income Total revenues EXPENDITURES: Current: Public safety Capital outlay Debt service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Sale of general capital assets Transfers in Transfers out Total other financing sources (uses) Net change in fund balances FUND BALANCES, beginning FUND BALANCES, ending Special Revenue Funds Capital Projects Fund Law Police Federal Enforcement Education 911 Forfeiture Trust Capital $ - $ 160,915 - 71820 - 6961924 431082 - - - - - 61007 5 256 11672 203 3 - - - - 1251000 71825 1611171 6981596 431285 1311010 161189 1891939 - 451124 - - - 2641065 151815 2321195 1891939 2641065 601939 161189 2321195 (81364) (28,768) 4341531 (17,654) (101,185) - - - - 110001000 - (30,000) - - - - (30,000) - - 110001000 (81364) (58,768) 4341531 (17,654) 8981815 $ 11120 $ 451280 $ 11051,938 $ 103,034 $ 11059,639 62 160,915 - 747,826 - 6,007 57 6 397 21599 - 125,000 57 6 397 110421347 695.000 300.101 251,252 - 512,075 334.899 1.330.000 111941280 3951864 4411767 217951238 (11194,223) (395,858) 1.194.379 1,194,379 1JU 393.908 (441,370) (11752,891) - 110001000 444.000 2.032.287 3931908 4441000 310021287 k1,7JV) L,UJV 1,L- F7,J7U $ 121205 $ 71506 $ 1281566 $ 21409,288 63 Debt Service Funds Debt Debt Service Fund Service Fund Debt Series 2012 Series 2012 Service Charter Charter Total Fund School School Nonmajor Series 2010 land Building Governmental 160,915 - 747,826 - 6,007 57 6 397 21599 - 125,000 57 6 397 110421347 695.000 300.101 251,252 - 512,075 334.899 1.330.000 111941280 3951864 4411767 217951238 (11194,223) (395,858) 1.194.379 1,194,379 1JU 393.908 (441,370) (11752,891) - 110001000 444.000 2.032.287 3931908 4441000 310021287 k1,7JV) L,UJV 1,L- F7,J7U $ 121205 $ 71506 $ 1281566 $ 21409,288 63 CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BU DG ET AND ACTUAL SPECIAL REVENUE FUND POLICE EDUCATION FUND For the Year Ended September 30, 2014 REVENUES: Fines and forfeitures Investment income Total revenues EXPENDITURES: Operating Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Appropriated fund balance Total other financing sources (uses) Net change in fund balance Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) $ 71000 $ 71000 $ 71820 $ 820 5 5 71000 71000 71825 825 111000 16,484 16,189 295 111000 16,484 16,189 295 M E 41000 S - S 64 (9,484) . (8,364) 1,120 91484 - (9,484) - $ (8,364) $ (8,364) CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL SPECIAL REVENUE FUND 911 FUND For the Year Ended September 30, 2014 REVENUES: Intergovernmental revenues Investment income Total revenues EXPENDITURES: Operating Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Transfers out Appropriated fund balance Total other financing sources (uses) Net change in fund balance Variance with Final Budget Budgeted Amounts Positive Original Final Actual (Negative) $ 171,500 $ 171,500 $ 160,915 $ (10,585) - - 256 256 1711500 171,500 161,171 (10,329) 182,400 1821400 189,939 (7,539) - 63,148 - 63,148 182,400 2451548 189,939 551F609 (10,900) (74,048) (28,768) 45,280 (30,000) (30,000) (30,000) - 401900 1041048 - (104,048) 10,900 74,048 (30,000) (104,048) 65 (58,768) $ (58,768) CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BU DG ET AND ACTUAL CAPITAL PROJECTS FUND For the Year Ended September 30, 2014 REVENUES: Impact fees Investment income Miscellaneous income Total revenues EXPENDITURES: Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Appropriated fund balance Sale of general capital assets Total other financing sources (uses) Net change in fund balance Budgeted Amounts Original $ 15,000 $ 15,000 Final 15,000 $ 15,000 11015,000 11175,824 11015,000 11175,824 (1,000,000) (1,160,824) 1,000,000 160,824 Actual 6,007 $ 3 125,000 131,010 232,195 232,195 Variance with Final Budget Positive (8,993) 3 116,010 943,629 943,629 (101,185) 11059,639 (160,824) 110001000 11160,824 110001000 (160,824) $ - $ - $ 8981815 $ 898,815 CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2010 & 2011 For the Year Ended September 30, 2014 Budgeted Amounts Original Final Variance with Final Budget Positive Actual (Negative) REVENUES: Investment income $ - $ - $ 57 $ 57 Total revenues - - 57 57 EXPENDITURES: Debt Service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Transfers in Appropriated fund balance Total other financing sources (uses) Net change in fund balance 695,000 695,000 695,000 - 111206,428 110206,428 111941280 (1,206,428) (1.,206,428) (1,194,223) 11206,428 111941379 111941379 11206,428 112061428 110194,379 67 12,148 121205 (12,049) 156 $ 156 CITY OF AVENTURA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2000 For the Year Ended September 30, 2014 REVENUES: Investment income Total revenues EXPENDITURES: Debt Service: Principal Interest Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES): Transfers in Total other financing sources (uses) Net change in fund balance Budgeted Amounts Original Final Variance with Final Budget Positive Actual (Negative) 25,220 $ 251220 - - 25,220 25,220 345,000 345,000 345,000 - 166,398 166,398 166,068 330 511,398 511,398 511,068 330 (511,398) (511,398) (485,848) 25,550 511,398 511,398 511,398 - 511,398 511,398 511,398 - 25,550 $ 25,550 CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2012 - CHARTER SCHOOL LAND ACQUISITION For the Year Ended September 30, 2014 Budgeted Amounts Original Final REVENUES: Variance with Final Budget Positive Actual (Negative) Investment income $ - $ - $ 6 $ 6 Total revenues - - 6 6 EXPENDITURES: Debt Service: Principal 300,101 300,101 300,101 - Interest 95,763 95,763 95,763 - Trustee fees and other 71500 71500 - 71500 Total expenditures 403,364 403,364 395,864 71500 Excess (deficiency) of revenues over expenditures (403,364) (403,364) (395,858) 71506 OTHER FINANCING SOURCES (USES): Transfers in 403,364 3931908 3931908 - Appropriated fund balance - 911456 - (9,456) Total other financing sources (uses) 403,364 4031364 3931908 (9,456) Net change in fund balance $ - $ - $ (1,950) $ (1,950) 69 CITY OF AVENTU RA, FLORIDA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL DEBT SERVICE FUND SERIES 2012 - CHARTER SCHOOL BUILDING CONSTRUCTION For the Year Ended September 30, 2014 Budgeted Amounts Original Final REVENUES: Variance with Final Budget Positive Actual (Negative) Investment income $ - $ - $ 397 $ 397 Total revenues - - 397 397 EXPENDITURES: Debt Service: Principal 334,899 334,899 334,899 - Interest 106,868 106,868 106,868 - Trustee fees and other 31500 31500 - 31500 Total expenditures 445,267 445,267 4411767 31500 Excess (deficiency) of revenues over expenditures (445,267) (445,267) (441,370) 31897 OTHER FINANCING SOURCES (USES): Transfers in 445,267 445,267 444,000 (1,267) Total other financing sources (uses) 445,267 445,267 444,000 (1,267) Net change in fund balance $ - $ - $ 21630 $ 21630 70 STATISTICAL SECTION STATISTICAL SECTION This part of City of Aventura's comprehensive annual financial report presents detailed information as a context for understanding what information in the financial statements, note disclosures and required supplementary information says about the City's overall financial health. Financial Trends These schedules contain trend information to help the reader understand how the City's financial performance and well -being have changed over time. Net position by component 71 Changes in net position 72 -73 Governmental activities tax revenues by source 74 Fund balances of governmental funds 75 Changes in fund balances of governmental funds 76 -77 General governmental tax revenues by source 78 Revenue Capacity These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. Assessed value and estimated actual assessed value of taxable property 79 Property tax rates - direct and overlapping governments 80 -81 Principal property taxpayers 82 Property tax levies and collections 83 Debt Capacity: These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. Ratios of outstanding debt by type 84 Ratios of general bonded debt outstanding 85 Direct and overlapping governmental activity debt 86 Legal debt margin information 87 Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place. Demographic and economic statistics 88 Occupational employment by group - Miami -Dade County, Florida 89 Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs. Full -time equivalent city government employees by function Operating indicators by function Capital asset statistics by function 90 91 92 Sources: Unless otherwise indicated, information in these schedules is derived from the comprehensive annual financial reports for the respective years. r-I a C) z z Lu Z z 0 o Q LL LU O V J V Q Q V LL m Lr) O LL cn Z z0 z V) W w Q > m Q O � Q LL a- Q E) O oc >- w V z V V Q i f6 OJ U U- Ln O r-i tD Ln w r-I O O I� I� r-I N R::j- � N r-I O � N Ln r-I qt Ln Ri M r-I w I- Ln Ln O r-I C 00 l0 R* N LO 00 r-I o0 M M N I� N O M M 111 Ln O 00 111 w I� 00 N M N 01 M w 01 w N 00 Ln m 00 00 lD M O r-I U a w ur, � Z3 aj - I- M r-I r-I t/} iJh iJh iJ1- iJ'h ih Ol N 01 O 01 M N 00 N N N r-I Ln r-I l0 N N q:t r-I Rt r- w r l w Ln w 111 q:t M 00 M M r- O O o0 01 M M w O 1 r-I N r-I 01 O 01 w N M N O 00 I� M Ln Ln r-I Ol Ln 01 M w 00 N M N w M w r-I 00 O N 00 r-I �o m O D r- m r-I m o_ try -ch tj)- -ch -Vn Ln N rf) 0 111 N M 111 q:t M rn O I- r-I N O I- q;t r-I q;t r-I w N 00 O O 01 I� O 00 w O O I- N l0 O O l0 l0 (3 111 M O G N r-I r- IzT O O r-I N 0) r-I m N N r-I Ln 111 O W N M N M 00 N Ol N Ol r-I I� r-I 00 w N r-I 01 Ln M O l0 O r-I r-I Ol 00 w M Ln w r-I C;t 00 N q;* w 00 00 I� N 00 q;* Cl) 0) 00 O m 00 w 00 I� 00 N N N C;t Ln IZI r-I r-I M 01 Ln O1 O ri 01 N N 110 w M Ln N Ol 0) r-I m 01 r-I l0 w l0 � 01 N . 01 r-I 00 . 01 . 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M r-I 0 � N 00 `-' r- 00 00 111 N O 111 00 M 111 w Ol N l0 111 r-I O Q U m = U r-I l0 N R* N w l0 N I� N 111 01 Ol N N N N r-I N N M O M a) O 111 I- t0 N t0 111 Ol N w 01 r-I 00 00 O w o N Ln r-I Ln N N I� t0 M 0) 00 N l0 r-I O O r-I r-I Ol ' 00 r-I ' r-I 0) 0) M N N 01 � 111 � N O r- N � � 00 � 00 M r-I r- M 0 r-I r-I 9:1- O N � � I� I� O r-I N I- 00 Ol r-I N w Ol l0 Ol 00 M I� r-I N Ol N I- M N N r-I N N r-I N 01 N O w 111 O N I- N N N 1H q:t 111 r-I O M I- O t0 M M r-I N 00 N 0q;t 00 00 rn R:t M N ' 0) w w 111 ' w 111 111 N 00 t0 M N R* w t0 111 O R* 01 � N 01 111 I- N M M l0 w 01 111 r-I O r-i N t0 r-I 01 M r- 00 00 00 01 0) w l0 I- � N r-I r-I r- N N Ln Ln r-I I� N l0 l0 ri r-I N N r-I N N i/1• il1• i11• ih ih ih Ln 01 l0 00 m 111 N r-i Ln N N O O N I� Ol l0 01 r-I I� 01 r- 00 :I- m 00 00 00 00 I� O 00 111 01 r-I 00 M ' R* 01 N M ' N M w N lzt M r-i N 00 M O 0 01 M N w 00 O O M M M I- C;t 00 N O Ln I- r-I 00 Ln 111 w 0o N M w M r-I N 00 M R* I- 00 I- 00 r-i I� r-I r-I 01 N N N N M r- M M 00 00 w w N N r-I N N r-I r-I O Ln N I� 00 r-I 0 r-I qt r- r- r-I M 00 r-I N N 01 I- O N O I- I- O 00 r-I Ln o0 00 N I- Ln r-I R ' 01 01 t0 Ln ' t0 Ln w Ln I- 00 O N t0 M M I� 10 C r-I � � 111 N 00 00 N N ri 111 O Ln O 0 � Ln l0 N 00 M 0o Ln qq r-I t0 r- r-I 01 M 111 N 0 tD r-I l0 w w O1 N N N N r-I 14 Ln I- M M O O 00 m N N r-I M M 4j)- qj)- qj)- qj)- qj� -V� N I- Ln O M r-I w I� r-I 00 00 00 t0 w Ln r-i RZT N I- 00 r-I 01 N O I- O 01 t0 O Ln M r- ' � 00 ' 00 Ln N 111 ' N 111 r-I r-I R* Ln 00 M O N 00 01 r-I r- N r-I O G 111 00 00 I- r- t0 00 01 00 0 Ln r-I 0 w N I:zj- Ol I, N 0) M q;t I� o I, M 111 r-I r-I Ln 111 I- N 00 N O r-I N M M Ln w r-I M M Ol O N N r-I M M r-I N N M of r- 00 r- oo Ln Ln M r-I r-I O t0 M r-I M r-I 0 r- Ol 00 111 qzt r- 00 01 ' 01 01 ' o N M M ' M M C;t 111 01 cn Ln w M N Ln N M 0) R* ri O N 00 M M ri N Ln 00 0 M r-I O I- Ol N 00 N l0 M r-I N N 00 O1 O 111 R* M Ln M r-I r-I tD Ol N Ln N N r-I w R* � r-I M M O r-I N N r-I M M iJl• i /1 -V i!'} ih M N r-I 00 w r-I w 00 Ln N w N N o l0 M N Ln M9:zj- 01 00 r-I t0 Rt r- Oqzt M Oqzt q O1 O O 0 r-I I� M M O N Ln ' I- I- r- N I- Ln 00 M N Ln 00 O1 00 O1 Ln O1 M O1 111 O M M O I� Ln 111 N I� 0 0 0 w � 00 M Ln o0 r-I Ln o O M O Ln w Ln O r-I M � 0 Ln `-' � Ol O1 M N w oo Ln N ri O l0 M M r� 00 I� tD I� N N r-I N N N I- Ln 01 'CI- 01 r, zi- Ln 111 O M o0 O N Ln t0 00 O I- oo Ln o R* w M I- r-I 00 Ln r-I Ln M o Ln Ln 00 w N w 111 00 w N r-i 00 N r-i N N Ol N M t0 Ol Ln O Ln N 01 O r- 01 M 00 M Ln N M O � 01 01 00 OLn 0 O1 I- 01 Ln N � � r-i M 00 r- M N Ln Ln O1 o � m Ln N r-i M N o r-i o r-I M r-I M w N O I� N 00 00 . . . r-i 111 N M . 111 V .__. . 111 . t0 l0 r-I r-I r-I N N i/1 i/ i!1 ih -kn ih a) w = 70 a) N a' c .. aj cn p .. cn > aJ C aj a, 1✓ N cn i Ln N- Ln z N °J L U � > � tea, z o }' N a . >_ W) �; o� C: > aj C �� p +� > C �� w •c �' w x � �� o a U �� fo c" o�� w�f _ Q QL� _ a� x ��, + J fo +� U a j _ Z w E> Ln }' O aj � _ > Q) Ou -0 _ � CL _ a, � O w }' Q� _ aj 4- 0 z E ao a' w a' aj N > " aj � E N o N� E `� °J ±� .� N a, aA z W � E aA Ul —o Ln z LU p LL, Q LL — m Z O 0 m LU z z U w 0 Q U m = U CITY OF AVENTU RA, FLORIDA Table 3 GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) Tax utility Fiscal Roll Ad Valorem Service Franchise T T r T • I 2005 2004 $ 11,842,689 $ 51719,554 $ 21330,809 $ 19,893,052 2006 2005 14,089,388 61015,016 31359,261 23,463,665 2007 2006 171127,913 61269,809 41234,574 27,632,296 2008 2007 15,942,020 61741,903 41270,671 26,954,594 2009 2008 15,189,005 71451,872 31644,177 26,285,054 2010 2009 13,253,848 71362,899 31686,885 24,303,632 2011 2010 1117341232 71379,830 21684,216 211798,278 2012 2011 1117241189 71772,000 31070,065 22,566,254 2013 2012 12,080,224 71551,899 21823,490 221455,613 2014 2013 1217911444 71933,535 21289,721 23,014,700 74 Ul � z z_ Q L z J � DC < O V O w V LL G W LL ,z >- Q Q = J L,., D > V Q cn m z LULLzQ O w Q LU V) ryo V LL V t/) V OZ<< >a o F- a LU U m E-L 0 0 z O LL ` w L [6 aJ ra U to LL r-I O N M r-I O N N r-I O N r-I r-I O N O r-I O N rn O O N 00 O O N 0 O N 110 O O N Ln O O N M q:t lD q:t r- m N 00 Ln ' w M q* r- 111 q:t o0 o0 c N G Ln m m w w Pl- Ln O r-I M lD N r-I M aj > aj aj CC. L lD 00 N I- m Ln 00 111 lD O � r-I lD lD M Ln m Ln of m 00 I- O1 Ln r-I N 0) 111 O1 r-I � r-I r-I lD m qj)- qj)- 111 00 lD N r-I O q* q* N 0-1 o0 M I- R* 00 M I- I- O lD . . . 01 Lfl R* O1 r-I r-I M trh t/)- O 00 q;* Ln 01 N 111 m r-I I� M Ol 00 O1 M Ol r-I lD r-I r-I 00 r-I N . . . O N L(1 N r-I . 00 M 4-a 4.n M w O1 N Lfl I� 00 Ln ' ' ' ' M M 00 l0 lD M M irh 4j)- R* � I� r-I r-I O1 r-I M LL_ Lri of r-I 00 N r-I 01 M m M -Ln -cn- Ln M 00 00 O 00 m �D Cl) of r- w M 00 N � O Ln 01 Ol N N r-I Il� 00 o Ln Ln o Ln Ln m Lri 00 N tD 00 Ln I- N r-I r-I M N N -tn -Ln r-I 00 m O O ' ' ' ' O m L(1 m lD � M N lD r-I r-I -(n -tn Ln � o Ln 00 M . 00 Ln � Ln I� M M m M r-I Ol -(n -(n w O :1- w N M I�t Ln O m 00 01 � M � rn M N ih N r-I Ln i i i i i O O M Ln Ol r-I N N rn m 00 Ln r-I I- ' I� O 1:t . O O & M Ict m N r-I N N ih � 00 00 rr-I Ln N ri . . . O R* N M M Ln w M . . r-I N ih O 00 r-I 1:t m N 0 00 m . M 00 O Ln O 00 N M N N ih r-I Ln Ln m Ln w M M r-I O R* r-i 00 . . c-I N try r-I m O1 lD N 00 r- w ' I w w of r-I w r-I M O w M I- w r-I Ln m Ln r-I O Ln ' �o O rri m 00 Ln M N r-I m r-I 00 . . m r-I M Ln N I� O N w r-I 00 Ln m �o �o M O N r- Ol r-I N M ih � 00 00 � fn ' Ln m o :I. -- -- r-I N M M � LL_ L a a) E a, L aj aj > aj aj CC. L bn a, a a-J (U 0 L i CITY OF AVENTU RA, FLORIDA CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) Fiscal Year 76 2005 2006 2007 2008 REVENUES: Ad valorem taxes $ 11,842,689 $ 14,089,388 $ 17,127,913 $ 15,942,020 Utility service taxes 517191554 610151016 612691809 617411903 Franchise fees 213301809 313591261 412341574 412701671 Intergovernmental 712631468 1019051885 1115861872 1117621763 Licenses and permits 313351034 312771960 312291778 218081112 Charges for services 115981230 119041741 211941596 213131107 Fines and forfeitures 4721465 6011339 5771148 6521747 Impact fees 9591264 3981436 401340 - Investment income 5531135 111591778 115801978 110351457 Developer contributions - - - - Miscellaneous 2981875 6101584 2341544 7481831 Total revenues 3413731523 4213221388 4710761552 4612751611 EXPENDITURES: Current: General government 215801989 216681284 418841708 415611020 Public safety 1212561346 1317811535 1413601873 1417271849 Community services 719971769 910191229 1018171310 1017981272 Nondepartmental 116231794 219781900 - - Capital outlay 714161346 518001374 912651681 912561902 Debt service: Principal 9301000 9651000 110051000 110351000 Advance refunding escrow - - - - Interest 117531446 117191392 116821298 116421606 Trustee fees and other 281363 251817 241691 251306 Total expenditures 3415871053 3619581531 4210401561 4210461955 Excess (deficiency of revenues over expenditures) (213,530) 513631857 510351991 412281656 OTHER FINANCING SOURCES (USES): Issuance of debt - - - - Sale of general capital assets - - - - Transfers in 218211795 217401850 218981498 219071111 Transfers out (21718,585) (21690,108) (21898,498) (21907,111) Payment to refunded bond escrow agent - - - - Total other financing sources (uses) 1031210 501742 - - Net change in fund balances $ (110,320) $ 51414,599 $ 51035,991 $ 41228,656 Debt service as a percentage of noncapital expenditures 9.88% 8.62% 8.20% 8.17% 76 Table 5 2009 2010 2011 2012 2013 2014 $ 15,189,005 $ 13,253,848 $ 11,734,232 $ 11,724,189 $ 12,080,224 $ 12,791,444 714511872 714481097 714651029 714861791 718561769 718841829 316441177 316861885 216841216 310701065 218231490 212891721 1312731593 1219701784 1117641642 1117381610 1214321705 1311611980 118921862 210251310 213741902 215221665 214891707 311841386 210781224 213221794 218141652 218911647 219971916 310761390 212751882 311071179 210961677 214591276 213711544 216521615 151581 101 1891440 221426 6551743 771607 2921180 3101885 1951382 1741152 651726 891941 4381421 4281907 4141678 3031795 3801446 4741230 4615511797 4515541790 4117331850 4213931616 4411541270 4516831143 416391737 413601999 412741015 412661981 414371525 415361983 1516251029 1619651808 1716361378 1814131325 1818201627 1916821937 1110571179 1119501071 1210831949 1213051720 1217271047 1316541908 712781743 815761499 215961599 310501256 811581627 510741822 110801000 111301000 6351000 9601000 115901000 116751000 - 5201000 3361928 5971856 - - 1,607,984 115531980 112121882 9871303 9481769 8671979 181194 891766 491496 771909 - - 4113061866 4511471123 3818251247 4016591350 4616821595 4514921629 512441931 4071667 219081603 117341266 (21528,325) 1901514 - 1013851000 515651000 918851000 - - - - - - - 111281907 512541251 415261447 213161510 217471803 216571882 217731685 (51254,251) (41526,447) (21316,510) (21747,803) (21657,882) (21773,685) - (10,321,560) (51504,006) (91810,000) - - - 631440 601994 751000 - 111281907 $ 51244,931 $ 4711107 $ 21969,597 $ 11809,266 $ (21528,325) $ 11319,421 7.90% 7.15% 5.07% 5.11% 6.54% 6.17% 77 9 moo NrI r�-00w O M N 00 Ln rl m m Ln rl I,- R:I- Ln m Ln w I� I� 00 w N rl M N w Ln ri M M M ateJ 0 I*- N I� I� Ln Ln m m Ln o0 M M O N Ln Ln I� M rl lD 1 1 1 1 1 1 1 1 1 1 N I*- w to Ln rl N Ln 0) O R::J- r-i N 00 00 rl Ol I- M N 00 M O O rl N 00 M rl 0 00 00 O O rl N rl 00 i 00 Ql 00 Ql l0 l0 rl Ln O r*- R:zj- Ln N O N M Ln 4-J N O N r*- W cM O Ln O ri ri ri Ln o0 o0 I*- O Ln N N w rl }' c M r*- r*- Ln o0 o0 o0 Ln N ^' W W r-I I� 0) � rl 00 M rl � 0) 1 1 1 1 1 1 1 1 1 1 E E rnm0LnNOLn� Ln m OU Ln Ln oo m m ri m � w oo Ln Ln ri Ln 0 N M ri rl Q) ri ri ri w U DC Ln m 00 I�- N M I� W R::J- Ln O Ur N to M Rt Rt 00 I� I� I� � rI V) M rl I� 00 rl W N Ln w ai N rl I� N Ln I, l0 O1 rl N F L- I*- O I� Ln I, O a) Ln I� Ln z 0i � to Ln to N rl O � M to Q m i N cM N N cV N W O L z) u V OwocU qj)- J><< LL wwLL O O rl to Il_ R:zj- R:zj- N rl_ to O J i< cn cn MR::J- 0) O N m Ln R:zj- rl m Nr�- Ln rl Nr�- W W M M Q_ oo 9t Moo N� W U cn N Q Q a) i O 9t ri r"-- Ql O Ol r� I� N r� Ol Ol I� J m i Ln Ol rl M O M 00 00 Ql O 1 1 1 1 1 1 1 1 1 1 z< z J U rl rl N N N N N N N M w z w � > w F- Q oc �F-U -� LL zQU O J Q LJJ � O 00 N N O N Ln I� lD M lD � flo 0 lD 0 00 i L u V ri ri O 0) I� rl 00 M m to I� M }O N N LL (ALn C: E r*- 0) oo Ln ;:J- m ;:J- M� N O M N I� N 00 00 U Ur — C: i M N N 00 00 O M Ln qzj- J O a U) J rl M M M N rl N N N N M �c 2 w .� z w 06 00 Ln N M MR:zj- N O Ln O (L0 00 r**- w 0) 00 Rt r-I O 00 C: 00 00 I� Ln I� w w I� O1 i m Ln w N M 0 Rt 00 N rl Q) to O 00 to I� I� W M M to N a) Ln I,- N 0) I,- I� qt rl 1 1 1 1 1 1 1 1 1 1 — OJ I*_ O rl rl M N rl rl N M >> r-i r-i r-i r-i r-i r-i r-i r-i r-i iJ)- N Ln to R:zj- R:zj- O � Ln M R:zj- Ln to m m Ln M r*- R:zj- 00 m O w N Ln O 00 � O� m � CU 1 1 1 1 1 1 1 1 1 1 m M N� Ln oo M ri o Ln x rn w M Ln oo oo oo oo w im 03 00 l;:j- W O1 N M 00 N r*_ O1 0) M I*_ W W I ri N N N rl N N N N N N N N N -Ln r i Ln to r*- oo a) O rl N M U M Ln 0.) O O O O 0 rl rl rl rl rl 0 0 0 0 0 0 0 0 0 0 iz >- cV cV cV cV cV cV cV cV cV cV 9 H DC W a- 0 fY f2 W J m a x a LL 0 aw D D � a o> V) J � DC LL L/) LU a LU cn F aV) Z a LL L z > U w Qa� LL oV) O Lu a �aJ U � V) W z a LU D J a LU V) W tl () a m m I,*- M M r-i I,*- R:zj- ri M oo rn oo Ol I� Ln 0o O oo Ln O (.0 00 R:zj- 00 Ln I� l0 1� l� }, ra M W 1'- Ln rI rI I;t O W =3 OJ Q m N M oo m m oo w rl u x Z w I� m N cV m m m m V) a ca I� m I� M Ln o0 rI L > Ln Ln m O O rl � O LU I� 0) O Ol 00 00 00 Ol r-I r-I ml O O O rI rI rI rI rI rI I� l0 l0 l0 l0 l0 l0 +., N N N N N N N N N N 4-J te U X N N N N I� O L ro N N N r4 rl rl rl rl rl rl 0 DC l0 m o m N M I�- m I�- 00 M m O M Ln O rI rI m Ln oo I� Ln M l0 M O M OJ v N ri ri m ri I� Rt w Rt m N W N N 00 O M O M M M ate-+ M� O Ol 00 00 00 W W N v r w- w 0 m i m� 0 ri lD > Ln ri to O M to R:zj- rn O 00 a Ln l0 rl l0 qt O N N Ln I� Ln In 00 a; a; 00 l� l� l� l� Ln I�- 00 00 to N Ln I�- 00 rl I� M w O w rl O m M Q— Ln , M � � O O D w01*. w1r4Rt ol� 0 ;1-LnI�M ;I- WMLn v v v Q Q 00 Ln Ln I� Ln M M O Ln J = O Z rl N rl O1 rl O1 rl 00 l;:j- X LU Q_ M M M 110 Ln Ln Ln Ln Ln ri Ln ri Ln O I� I� I� I� O rl rl I� l0 U N Ln l0 m 00 N W N M W N rl q::I- 00 M 4-J N I�- ri Ln 00 w rl R::i- m O C: L Rt N Rt rl N W I� O 00 O Q M M I*- N rl Ln o0 I� Ln L O 00 r*- rl I*- Ql rl W N W rl OJ L rl- 00 O N O N rl rl rl rl Q_ Q_ rl rl N N N N N N N N m; Ln m O M Ln m N I� I� m M m I� 00 M rl R:zj- t**- Ln m I�- Ln l0 Ol ri 00 rl Ln rl 4-0 00 O N M to to r-, -c:zj- Ln Ol v rl 00 R:zj- m to R:zj- 00 N N O N 00 I� ri 00 O N 00 Ln pC O 00 O rl � O m� m N m L r*_ 00 M I*_ to M O m M O 0_ M r*- M r*- 00 ;:j- 1,0 Ln 00 rl � � O � L U v v Lnl00ommool�l�l�o0 q;t Ln to I� 00 m O rI N M 0 0 0 0 0 0 rl rI rI rl 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N Ln l0 I� 00 O1 O rl N M O O O O O rl rl rl rl rl 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N aj L E aj L L U a-j m aj Ln Ln aj Ln Ln m aj L- L aj 0_ 0 L Q Ln aj L cr aj L J f� 0 U- a.i 0 z Ol v 0 0 0 0 0 0 0 0 0 _0 N �� moLn o�omLn m � CU 4- a) a - ro V) av V) � c u � U a > I� Lri 4 l6 of o of 00 l6 z o0 00 00 00 0o m moo 00 Q > v o H DC W a- 0 fY f2 W J m a x a LL 0 aw D D � a o> V) J � DC LL L/) LU a LU cn F aV) Z a LL L z > U w Qa� LL oV) O Lu a �aJ U � V) W z a LU D J a LU V) W tl () a m m I,*- M M r-i I,*- R:zj- ri M oo rn oo Ol I� Ln 0o O oo Ln O (.0 00 R:zj- 00 Ln I� l0 1� l� }, ra M W 1'- Ln rI rI I;t O W =3 OJ Q m N M oo m m oo w rl u x Z w I� m N cV m m m m V) a ca I� m I� M Ln o0 rI L > Ln Ln m O O rl � O LU I� 0) O Ol 00 00 00 Ol r-I r-I ml O O O rI rI rI rI rI rI I� l0 l0 l0 l0 l0 l0 +., N N N N N N N N N N 4-J te U X N N N N I� O L ro N N N r4 rl rl rl rl rl rl 0 DC l0 m o m N M I�- m I�- 00 M m O M Ln O rI rI m Ln oo I� Ln M l0 M O M OJ v N ri ri m ri I� Rt w Rt m N W N N 00 O M O M M M ate-+ M� O Ol 00 00 00 W W N v r w- w 0 m i m� 0 ri lD > Ln ri to O M to R:zj- rn O 00 a Ln l0 rl l0 qt O N N Ln I� Ln In 00 a; a; 00 l� l� l� l� Ln I�- 00 00 to N Ln I�- 00 rl I� M w O w rl O m M Q— Ln , M � � O O D w01*. w1r4Rt ol� 0 ;1-LnI�M ;I- WMLn v v v Q Q 00 Ln Ln I� Ln M M O Ln J = O Z rl N rl O1 rl O1 rl 00 l;:j- X LU Q_ M M M 110 Ln Ln Ln Ln Ln ri Ln ri Ln O I� I� I� I� O rl rl I� l0 U N Ln l0 m 00 N W N M W N rl q::I- 00 M 4-J N I�- ri Ln 00 w rl R::i- m O C: L Rt N Rt rl N W I� O 00 O Q M M I*- N rl Ln o0 I� Ln L O 00 r*- rl I*- Ql rl W N W rl OJ L rl- 00 O N O N rl rl rl rl Q_ Q_ rl rl N N N N N N N N m; Ln m O M Ln m N I� I� m M m I� 00 M rl R:zj- t**- Ln m I�- Ln l0 Ol ri 00 rl Ln rl 4-0 00 O N M to to r-, -c:zj- Ln Ol v rl 00 R:zj- m to R:zj- 00 N N O N 00 I� ri 00 O N 00 Ln pC O 00 O rl � O m� m N m L r*_ 00 M I*_ to M O m M O 0_ M r*- M r*- 00 ;:j- 1,0 Ln 00 rl � � O � L U v v Lnl00ommool�l�l�o0 q;t Ln to I� 00 m O rI N M 0 0 0 0 0 0 rl rI rI rl 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N Ln l0 I� 00 O1 O rl N M O O O O O rl rl rl rl rl 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N aj L E aj L L U a-j m aj Ln Ln aj Ln Ln m aj L- L aj 0_ 0 L Q Ln aj L cr aj L J f� 0 U- a.i 0 z Ol City of Aventura CITY OF AVENTURA, FLORIDA PROPERTY TAX RATES DIRECT AND OVERLAPPING GOVERNMENTS (PER $ 11000 OF TAXABLE VALUE) LAST TEN FISCAL YEARS School District Overlapping Rates Source: Miami -Dade County Appraiser's Office. O • State South Tax Debt Total Water Debt Total Navigational Fiscal Roll Operating Service City Operating Service School Everglades Year Year Millage Millage Millage Millage Millage Millage Project 2005 2004 2.2270 - 2.2270 8.0900 0.5970 8.6870 0.1000 2006 2005 2.2270 - 2.2270 7.9470 0.4910 8.4380 0.1000 2007 2006 2.2270 - 2.2270 7.6910 0.4140 8.1050 0.1000 2008 2007 1.7261 - 1.7261 7.5700 0.3780 7.9480 0.0894 2009 2008 1.7261 - 1.7261 7.5330 0.2640 7.7970 0.0894 2010 2009 1.7261 - 1.7261 7.6980 0.2970 7.9950 0.0894 2011 2010 1.7261 - 1.7261 7.8640 0.3850 8.2490 0.0894 2012 2011 1.7261 - 1.7261 7.7650 0.2400 8.0050 0.0624 2013 2012 1.7261 - 1.7261 7.7650 0.2330 7.9980 0.0613 2014 2013 1.7261 - 1.7261 7.6440 0.3330 7.9770 0.0587 Source: Miami -Dade County Appraiser's Office. O • State South Florida Florida Water Inland Management Navigational District District 0.5970 0.5970 0.5970 0.5346 0.5346 0.5346 0.5346 0.3739 0.3676 0.3523 0.0385 0.0385 0.0385 0.0345 0.0345 0.0345 0.0345 0.0345 0.0345 0.0345 Tota State Millage 0.7355 0.7355 0.7355 0.6585 0.6585 0.6585 0.6585 0.4708 0.4634 0.4455 Table 8 81 Overlapping Rates Miami -Dade County Special Districts Tota Direct Debt Total Fire Total and Operating Service County Children's and Fire District's Overlapping Millage Millage Millage Trust Rescue Debt Library Millage Rates 5.9350 0.2850 6.2200 0.4442 2.5920 0.0690 0.4860 3.5912 21.4607 5.8350 0.2850 6.1200 0.4288 2.6090 0.0520 0.4860 3.5758 21.0963 5.6150 0.2850 5.9000 0.4223 2.6090 0.0420 0.4860 3.5593 20.5268 4.5796 0.2850 4.8646 0.4223 2.2067 0.0420 0.3842 3.0552 18.2524 4.8379 0.2850 5.1229 0.4212 2.1851 0.0420 0.3822 3.0305 18.3350 4.8379 0.2850 5.1229 0.5000 2.1851 0.0420 0.3822 3.1093 18.6118 5.4275 0.4450 5.8725 0.5000 2.5753 0.0200 0.2840 3.3793 19.8854 4.8050 0.2850 5.0900 0.5000 2.4496 0.0131 0.1795 3.1422 18.4341 4.7035 0.2850 4.9885 0.5000 2.4496 0.0131 0.1725 3.1352 18.3112 4.7035 0.4220 5.1255 0.5000 2.4496 0.0127 0.1725 3.1348 18.4089 81 Q1 r6 i ca O ca U cn i.� O a Lo 0 o pica 0 i W LL Q Q ~z Z ry- W a Z LU o a > a --jw LL U Z F Z NO U a °C D U Ln O O IZI- 0 N O � N O V X N V) > 0 0 0 Ln Rt Rt C; O O 00 al O O O O O O O I� 00 O rn 000 00 ai Sri Ln N N N N cV O M 0 (1D O O O m I� I� O I� O r1 O O O I� M I� 6% Ln o 6% o rn r-I m O N O I� 0 0 0 qt N m Ln M O N O Ln � I� 00 M l0 Ln Ol lD Ol I� N M r I m r-I m I� Ol 00 l0 lD qzt � � qzt M M M M 4j)- •U a� cc 'V r- X X X a� (U aJ ra '� = — >� aJ V) LL J U Q o aJ co O E O o o v Q CU U c4-J — U O co U U U O � � •N 4-J U N aJ < O O >� aJ aJ OJ aJ U aJ ~ a`�J Q= E }' o f a�i0 E g o 4-1 a D a m a v o — Q Q LU_ �� W � U Q 4- C O N — c U X c O c N E to = — 0 oC w = O cn = = U fa Q aJ CL E U aJ aJ o E v aj QQ a 0 O — ru > � � ai o ai U oC 0 0 0 0 0 0 0 a) U O N 00 l0 M R:t 00 e0 4 O 0 X V Ln O ) � ca > M Lri M ri 00 o Ln o 0 m ri 00 o LD 0 Ln..L O S i c O C L aj s Cn to cn � 0 U O ra OJ Co O � U � � Z m s i 0 0000000000 rl bpA - Ol N Rt rl N N9:1- W O I� (z O O) 5 W to N r-I N N 00 rl M rl C: X a-J Q N U Ln Ln 4 l0 M Ln M M M Ln 0 f6 p J L Ol 01 01 01 01 01 01 01 01 01 H o — x o M r-I I� N rl r-I r-I U O C W z I� N m 01 00 110 Ln 110 Ln o0 rn 00 M O Ln 00 N 0) m N 00 00 r-I N O I;t M 00 N O to M 01 O O 00 N r-I N = �O }, x � Rio r *--rq icri��ori v �ooN�ooLnMNOOrn U �� 00% 0% r1 al r i N � I� 0% I� O r-I � � Ln Ln M rl rl N N U r-I r1 r1 r1 r1 r1 r1 r1 r1 r1 a° C: c o N m Ln o0 0w0 m� M M fN OJ O Ln l0 N N M I� r1 N M N J 00 Ln O N to I� M N N N r-i N M l0 r i N� l0 N rl N r-I p U -ch l0 r-I I, I� N lD Ln R::J- M r1 I-_ I-_ I� r-I Ln oo r-I to 00 110 Ln r M w o rn rn nn oo r� v x > Ln I* oo I� O 0 O � M � 00 0) r1 O o0 � O J M I� r-I Ln N O1 Ln Ln O1 Rt N 00 w l0 M N N N M r-I r-I r-I r-I r-I r-I r-I r-I r-I r-I L- �a U iz >- Me.. Ln to I� 00 m O r1 N M 0 0 0 0 0 0 r1 r1 r1 r1 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N Ln lD I� 00 Ol O r1 N M O O O O O r1 r1 r1 r1 r1 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N 0 x H c� O O U a, c� E fc� G OJ U L O cn Ln a) x c� L a, O L Q O a, c� a.� E L O O N Ln a) X0 � O O +j O N Ln C: O O U (6 L L 3 O f6 U aj O U r-I N aJ a-J O z me's 0 0 0 0 0 0 0 0 0 0 OJ a"' b.0 V) C l0 � N N m m N O Ol O M r-I I� N rl r-I r-I C W z I� N m 01 00 110 Ln 110 Ln o0 (Ij m N 01 01 01 O1 O1 O1 O1 O1 O1 O1 Ln u U 4-O = �O X Z U a° V J r-I M N M N Ln rl N O 00 l0 N l0 N l0 M r1 Ol r1 O i C _ r-I a) N I� I� 00 � O a) r-I J O OJ x v qt M I� m N Ln O N I� m U Q L O O N m r1 to 00 to r1 Ln to �L w —_ w o rn o Ln �D 00 �o U O U r1 � l0 Ln Ln N r1 r1 r1 N Q z J V) r-I r1 r1 r1 r1 r1 r1 r1 r1 r1 °C Q Q o w z � C_ W w z mONNOI�oomLn J L U -(,/'} Ln 00 O r-I M N r1 00 I� Ln �--� Ln M rl N N I�- Ol Ol Ln Q x Q }' x p o Ln I*- R:zj- N N qt O m N W�� N� lD O 00 N O LL V) z J w rl R:I- m to M O O S Ol p Q rl I" Ln Ln (M N N N N r-I r-I r-I r-I r-I r-I r-I r-I r-I r-I W U a- 0 m r-I Ln Ln N m I*- Ln to to N M I*- O lD Ln O1 I� r-I O +-+ O M Ol Ln I� I, rl M Ol to �v x ft. Lnrn�omrltooml-,I� p 0 u N Ln Ln O O r M 0) 00 N r1 M Ln � to to Ln Ln Ln Ln Ln L l0 r-I I, I� N lD Ln R::J- M r1 I-_ I-_ I� r-I Ln oo r-I to 00 110 Ln r M w o rn rn nn oo r� v x > Ln I* oo I� O 0 O � M � 00 0) r1 O o0 � O J M I� r-I Ln N O1 Ln Ln O1 Rt N 00 w l0 M N N N M r-I r-I r-I r-I r-I r-I r-I r-I r-I r-I L- �a U iz >- Me.. Ln to I� 00 m O r1 N M 0 0 0 0 0 0 r1 r1 r1 r1 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N Ln lD I� 00 Ol O r1 N M O O O O O r1 r1 r1 r1 r1 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N 0 x H c� O O U a, c� E fc� G OJ U L O cn Ln a) x c� L a, O L Q O a, c� a.� E L O O N Ln a) X0 � O O +j O N Ln C: O O U (6 L L 3 O f6 U aj O U r-I N aJ a-J O z me's CITY OF AVENTU RA, FLORIDA Table 11 RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS FOOR Business -Type Governmental Activities Activities General Total Percentage Per Fiscal Obligation Revenue Line of Outstanding Primary of Personal Capita Year Bonds Bonds Credit Bonds Government Income (1) (1) 2005 $ - $ 36,225,000 $ - $ - $ 36,225,000 3.85% $ 11271.05 2006 - 3512601000 - - 3512601000 3.33% 11197.24 2007 - 3412551000 - - 3412551000 3.07% 11127.44 2008 - 3312201000 - - 3312201000 2.88% 11070.09 2009 - 3211401000 - - 3211401000 2.90% 11032.58 2010 - 3018151000 - - 3018151000 2.70% 988.26 2011 - 3010451000 - - 3010451000 2.21% 841.05 2012 - 2818051000 - - 2818051000 1.99% 773.52 2013 - 2712151000 - - 2712151000 * 721.40 2014 - 2515401000 - - 2515401000 * 685.42 Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Demographic and Economic Statistics for personal income and population data. * Information not available. FOOR CITY OF AVENTU RA, FLORIDA RATIOS OF GENERAL BONDED DEBT OUTSTANDING LAST TEN FISCAL YEARS Table 12 E'9 Less: Ratio Net Amounts of Net Bonded Available Assessed Bonded Debt Gross in Debt Net Value of Debt to Per Fiscal Bonded Service Bonded Taxable Assessed Capita Year Debt Funds Debt Property Value (1) 2005 $ 36,225,000 $ 421000 $ 36,183,000 $ 51557,061,536 0.65% $ 11269.58 2006 3512601000 241278 3512351722 6161614211499 0.53% 11196.42 2007 3412551000 1331053 3411211947 8116019231804 0.42% 11123.06 2008 3312201000 1361790 3310831210 9160918811719 0.34% 11065.69 2009 3211401000 1371175 3210021825 9143918071532 0.34% 11028.17 2010 3018151000 2801321 3015341679 8106318341953 0.38% 979.27 2011 3010451000 2311562 2918131438 7124416061607 0.41% 834.57 2012 2818051000 2741594 2815301406 7129016341319 0.39% 766.14 2013 2712151000 3111384 2619031616 7150112391017 0.36% 713.15 2014 2515401000 3371770 2512021230 7178614321398 0.32% 676.35 Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (1) See the Schedule of Demographic and Economic Statistics for population data. E'9 CITY OF AVENTURA, FLORIDA Table 13 DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITY DEBT September 30, 2014 Estimated Percentage Applicable Estimated to City of Share of Debt Aventura Overlapping Jurisdiction Outstanding (1) Debt Overlapping debt: Miami -Dade Board of County Commissioners (2) $ 31887,694,000 3.967% $ 154,224,821 Miami -Dade County School Board (2) 31320,711,000 3.967% 1311732,605 Subtotal overlapping debt 71208,405,000 285,957,426 Direct debt: City of Aventura 25,540,000 100.000% 25,540,000 Subtotal direct debt 25,540,000 25,540,000 Total direct and overlapping debt $ 71233,945,000 $ 311,497,426 Notes: (1) The percentage of the overlap is calculated as follows: Overlapping portion of the government's revenue base (City of Aventura) Total revenue base of the overlapping government (Miami -Dade County) Assessed value of taxable property is the base used in the above calculation. (2) Source: Miami -Dade County & Miami -Dade County Public Schools, Finance Department. F. • z a 0 r) F- oc a o�Ln LL O W LL a z J � z a LL z LU a z W m LL W V) 0oa J � a U w J L a, U LL 0 0 o _O rn °� o N N O Q M N Q ' N +j O N qt qzt l0 O l0 +j l0 l0 00 00 0 -C O 00 00 00 iJ)- iJ'- t/'} t!} ih N � N a 00 ^ O O pOj O O M M N M N O O O r-I 0 0 Ln Ln N O O Ln Ln N N m m O Q a L N Q0 0 l0 V-1 �N O O O O _O N 01 N 01 N i m aJ O0 aJ O > Li r-I r-I _ ko l0 � l0 0 O 0 a) v L N aJ � a_' r-I O O O O L aJ > U O ") L E r-I l0 O O l0 aJ O O +- Q — p N N X -0 m p OL aJ U 0 Q � 4-j E OJ _ W 0 0 6 4-J �_ a1 �O O aJ O 00 00 O � O � 4 r-I m 0 m °J ai }' o a) a, rq N -..�, O 000 000 � N > Q U Q m° J M M o Ln Ln O O 00 O 0 . . N m ro Ol 01 N N o r- r- O O 00 00 O OI N O O 110 rn l0 rn o 0 a 00 00 rn ' N 0 O N O O O N l0 l0 r-I 00 r-I 00 th ilk O O Ln Ln O l0 O O O 110 l0 N 110 l0 110 l0 i/'1- i/'- I;t I:zj- un Ln I O Ln 110 0 O l0 O O 0 . 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(2) Represents income per capita for Miami -Dade County as provided by the U.S. Department of Commerce, Bureau of Economic Analysis. (3) Florida Department of Labor, Bureau of Labor Market Information. * Information not available. FOORIP CITY OF AVENTURA, FLORIDA OCCUPATIONAL EMPLOYMENT BY GROUP - MIAMI -DADE COUNTY, FLORIDA CURRENT YEAR AND NINE YEARS AGO Occupational Groups Office and administrative support Sales and related Food preparation and serving related Transportation and material moving Healthcare practitioners and technical Business and financial operations Education, training and library Protective service Production Installation, maintenance and repair Building and grounds cleaning and maintenance Management Personal care and service Healthcare support Construction and extraction Computer and mathematical Lega I Arts, design, entertainment, sports and media Community and social service Architecture and engineering Life, physical and social science Farming, fishing and forestry Total Fiscal Year 2014 2005 Table 16 Source: Represents Metropolitan and Nonmetropolitan Area Occupational Employment for the entire Miami -Miami Beach - Kendall, Florida Metropolitan Division as provided by the U.S. Department of Labor, Bureau of Labor Statistics as of May 2013. Estimates do not include self - employed workers. N /A: Information not available. H69 1061 Percentage Percentage of Tota I of Tota I Employees Rank Employment Employees Rank Employment 2021270 1 19.75% N/A N/A N/A 1421730 2 13.95% N/A N/A N/A 981620 3 9.64% N/A N/A N/A 721510 4 7.09% N/A N/A N/A 631810 5 6.24% N/A N/A N/A 561090 6 5.48% N/A N/A N/A 501480 7 4.93% N/A N/A N/A 411500 8 4.06% N/A N/A N/A 371420 9 3.66% N/A N/A N/A 371250 10 3.64% N/A N/A N/A 351070 11 3.43% N/A N/A N/A 341320 12 3.35% N/A N/A N/A 301190 13 2.95% N/A N/A N/A 251620 14 2.50% N/A N/A N/A 221510 15 2.20% N/A N/A N/A 161600 16 1.62% N/A N/A N/A 141640 17 1.43% N/A N/A N/A 131750 18 1.34% N/A N/A N/A 111660 19 1.14% N/A N/A N/A 91810 20 0.96% N/A N/A N/A 31950 21 0.39% N/A N/A N/A 21560 22 0.25% N/A N/A N/A 110231360 100.00% N/A N/A Source: Represents Metropolitan and Nonmetropolitan Area Occupational Employment for the entire Miami -Miami Beach - Kendall, Florida Metropolitan Division as provided by the U.S. Department of Labor, Bureau of Labor Statistics as of May 2013. Estimates do not include self - employed workers. N /A: Information not available. 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U U •O i f6 U •U N :3 S 03 4-j CL ii GL 00 t/) F— U t/) a U i F— O z LL Z a) COMPLIANCE SECTION Keefe M cCullough CPA's +Trusted Advisors INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Honorable Mayor Members of the City Commission and City Manager City of Aventura, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of City of Aventura, Florida (the "City ") as of and for the year ended September 30, 2014, and the related notes to the financial statements, which collectively comprise City's basic financial statements, and have issued our report thereon dated February 19, 2015. Our report includes a reference to other auditors who audited the financial statements of the City of Aventura Police Officers' Retirement Plan Pension Trust Fund, as described in our report on the City's financial statements. This report does not include the results of the other auditor's testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material wealness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material wealnesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material wealnesses may exist that have not been identified. KMCcpa.com 6550 N Federal Hwy, 4th Floor Fort Lauderdale, FL 33308 Phone: 954.771.0896 Fax: 954.938.9353 93 City of Aventura, Florida Compliance and Other Matters As part of obtaining reasonable assurance about whether the City's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Fort Lauderdale, Florida February 19, 2015 0% 1��+ MU& KEEFE McCULLOUGH Keefe M cCullough CPA's +Trusted Advisors INDEPENDENT AUDITOR'S REPORT TO CITY MANAGEMENT To the Honorable Mayor Members of the City Commission and City Manager City of Aventura, Florida Report on the Financial Statements We have audited the financial statements of the City of Aventura, Florida (the "City "), as of and for the fiscal year ended September 30, 2014, and have issued our report thereon dated February 19, 2015. Auditor's Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General. Other Reports We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with AICPA Professional Standards, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated February 19, 2015, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings and recommendations made in the preceding annual financial audit report. Official Title and legal Authority Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information is disclosed in Note 1 to the financial statements. KMCcpa.com 6550 N Federal Hwy, 4th Floor Fort Lauderdale, FL 33308 Phone: 954.771.0896 Fax: 954.938.9353 95 City of Aventura, Florida Financial Condition Section 10.554(1)(i)5.a., Rules of the Auditor General, requires that we report the results of our determination as to whether or not the City has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific conditions met. In connection with our audit, we determined that the City did not meet any of the conditions described in Section 218.503(1), Florida Statutes. Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management's responsibility to monitor the City's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Annual Financial Report Section 10.554(1)(i)5.b., Rules of the Auditor General, requires that we report the results of our determination as to whether the annual financial report for the City, for the fiscal year ended September 30, 2014, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2014. In connection with our audit, we determined that these two reports were in agreement. Other Matters Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings. Purpose of this letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Members of the City Commissioners, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties. Ft. Lauderdale, Florida February 19, 2015 m• KEEFE MCCULLOUGH Keefe M cCullough CPA's +Trusted Advisors INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES To The Honorable Mayor, Members of the City Commission and City Manager City of Aventura, Florida We have examined the City of Aventura, Florida's (the "City ") compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended September 30, 2014. Management is responsible for the City's compliance with those requirements. Our responsibility is to express an opinion on the City's compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the City's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the City's compliance with specified requirements. In our opinion, the City complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2014. This report is intended solely for the information and use of Members of the City Commission, management, and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties. KEEFE McCULLOUGH Fort Lauderdale, Florida February 19, 2015 KMCcpa.com 6550 N Federal Hwy, 4th Floor Fort Lauderdale, FL 33308 Phone: 954.771.0896 Fax: 954.938.9353 97 0Fmom 0 B mom M� is gM �0 1920 l.Vest Country Club Drive Rventura, Flacida 33180 Phone: (305) 466-892 Fax: (305) 466-8939 .cl ra.com CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, Cif DATE: February 23, 2015 SUBJECT: Disbursement of the Police March 3, 2015 City Commission Meeting Agenda Item ifs RECOMMENDATION It is recommended that the City Commission adopt the following Motion to expend funds from the Federal Police Forfeiture Fund: "Motion authorizing the appropriation of up to $322,700 for rifles, ballistic helmets, SWAT transport vehicle, radio headsets, smart board TVs and equipment from the Federal Police Forfeiture Funds in accordance with the City Manager's memorandum." If you have any questions, please feel free to contact me. EMS /act Attachment CCO1895 -15 CITY OF AVENTURA POLICE DEPARTMENT INTER OFFICE TO: Eric M. Soroka, FROM: DATE: 12 February 2015 SUBJECT: Use of Forfeiture Funds The Federal Equitable Sharing Agreement (FESA), Section VIII allows for the use of federally forfeited funds for law enforcement. Section IX, A9 of the Federal Equitable Sharing agreement requires that the funds be expended only upon request of the Chief of Police to the governing body of the municipality and approval of the governing body. I am requesting City Commission approval for the expenditure of AR -15 rifles w /accessories $12,000 Ballistic helmets $4,000 BATT AP Vehicle $225,000 Radio headsets $9,700 Smart Board TVs $21,000 Equipment $51,000 Summary AR -15 rifles w /accessories — This would be a purchase of five (5) AR -15 carbines with accessories. These would be issued to police officers for duty use. Request to allocate up to $12,000 for this purchase. Ballistic helmets — These helmets are necessary for SWAT to integrate with radio/hearing protection headsets. Request to allocate up to $4,000 for this purchase. BATT AP vehicle — This is the purchase of an armored transport vehicle for use by SWAT in tactical situations or for use during times of disaster for transport of persons and /or equipment in difficult terrain or flood conditions. Currently this agency has no vehicle to respond and deliver officers to situations involving active shooters, armed subjects or armed subjects in warrant situations such as in North Miami Beach recently. The mall is also on the Homeland Security list as a high value target that would require police response to possible armed subjects. Request to allocate up to $225,000 for this purchase. Radio /hearing protection headsets - These headsets are for use by officers' in tactical situations that may involve gunfire. These headsets are connected to the officers' radio and provide hearing protection from the effects of gunfire. Request to allocate up to $9,700 for these headsets. Smart board TV's — This purchase would involve placing Smart Board TV's in the Training Room and the Chiefs conference room. Request to allocate up to $21,000 for this purchase. Equipment — This purchase involves the below listed equipment to replace and/or upgrade existing equipment as noted: Blinds — Admin, Communication and Training: $22,000 Xybix Console panels & air scrubbers: $16,000 Sergeant/Captain Patrol office build out: $12,000 2 TV's for gym: $1,000 Request to allocate up to $51,000 for these purchases. CITY OF "ENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, DATE: February 23, 2015 SUBJECT: Law Enforcement Mutual City of Miami Gardens Between the City and the March 3, 2015 City Commission Meeting Agenda Item _5i f RECOMMENDATION It is recommended that the City Commission adopt the attached Resolution authorizing execution of the Law Enforcement Mutual Aid Agreement with the City of Miami Gardens. BACKGROUND In order to improve cooperative relationships between law enforcement agencies and provide a mechanism to share police resources in the event of emergencies or certain demanding situations, Chapter 23, Florida Statutes, Florida Mutual Aid Act allows agencies to enter into Police Services Mutual Aid Agreements. The various departments use a basic Mutual Aid Agreement. The following list comprises the circumstances and conditions under which mutual aid may be requested: 1. The joint multijurisdictional criminal investigations. 2. Civil affray or disobedience, disturbances, riots, large protest demonstrations, controversial trials, political conventions, labor disputes and strikes. 3. Any natural disaster. 4. Incidents which require rescue operations and crowd and traffic control measures including, but not limited to, large -scale evacuations, aircraft and shipping disasters, fires explosions, gas line leaks, radiological incidents, train wrecks and derailments, chemical or hazardous waste spills, and electrical power failures. 5. Terrorist activities including, but not limited to, acts of sabotage. 6. Escapes from disturbances within detention facilities. 7. Hostage and barricade subject situations, and aircraft piracy. 8. Control of major crime scenes, area searches, perimeter control, back -ups to emergency and in- process calls, pursuits, and missing person calls. 9. Enemy attack. 10. Transportation of evidence requiring security. 11. Major events, e.g., sporting events, concerts, parades fairs, festivals and conventions. 12. Security and escort duties for dignitaries. 13. Emergency situations in which one agency cannot perform its functional objective. 14. Incidents requiring utilization for specialized units, e.g., underwater recovery, aircraft, canine motorcycle, bomb, crime scene, marine patrol, and police information. 15. Joint training in areas of mutual need. The Agreement is beneficial in our mission to protect the safety and quality of life of our residents. If you have any questions, please feel free to contact me. EMS /act CCO1896 -15 RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING THE CITY MANAGER ON BEHALF OF THE CITY TO EXECUTE AND OTHERWISE ENTER INTO THE ATTACHED MUTUAL AID AGREEMENT BETWEEN THE CITY OF AVENTURA AND THE CITY OF MIAMI GARDENS FOR LAW ENFORCEMENT ACTIVITIES; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City Manager is hereby authorized on behalf of the City of Aventura to execute and otherwise enter into that certain Mutual Aid Agreement between the City of Aventura and the City of Miami Gardens for law enforcement activities in substantially the form as attached hereto. Section 2. The City Manager is hereby authorized to do all things necessary and expedient in order to effectuate the execution of the attached Agreement described in Section 1 above, and to carry out the aims of this Resolution. Section 3. 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 Enbar Cohen Commissioner Denise Landman Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman City of Aventura Resolution No. 2015 -_ Page 2 PASSED AND ADOPTED this 3m day of March, 2015. MAYOR ENID WEISMAN ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY MUTUAL AID AGREEMENT BETWEEN THE CITY OF MIAMI GARDENS AND THE CITY OF AVENTURA WHEREAS, it is the responsibility of the governments of the City of Miami Gardens and the City of Aventura, Florida, to ensure the public safety of their citizens by providing adequate levels of police services to address any foreseeable routine or emergency situation; and WHEREAS, because of the existing and continuing possibility of the occurrence of law enforcement problems and other natural and man -made conditions which are, or are likely to be, beyond the control of the services, personnel, equipment, or facilities of the Miami Gardens Police Department and the Aventura Police Department; and WHEREAS, in order to ensure that preparation of these law enforcement agencies will be adequate to address any and all of these conditions, to protect the public peace and safety, and to preserve the lives and property of the people of the City of Miami Gardens and City of Aventura; and WHEREAS, the City of Miami Gardens and the City of Aventura have the authority under Section 23.12, Florida Statutes, et seq., the Florida Mutual Aid Act, to enter into a mutual aid agreement for law enforcement service which provides for rendering of assistance in a law enforcement service; NOW, THEREFORE, that the City of Miami Gardens, a political subdivision of the State of Florida, and the City of Aventura, in consideration for mutual promises to render valuable aid in times of necessity, do hereby agree to fully and faithfully abide by and be bound by the following terms and conditions: SECTION I: SHORT TITLE Mutual Aid Agreement SECTION II: DESCRIPTION Since this Mutual Aid Agreement provides for the requesting and rendering of assistance for both routine and law enforcement intensive situations, this Mutual Aid Agreement combines the elements of both a voluntary cooperation agreement and a requested operational assistance agreement, as described in Chapter 23, Florida Statutes. SECTION III: DEFINITIONS A. Joint Declaration: A document which enumerates the various conditions or situations where aid may be requested or rendered pursuant to this Agreement, as determined by concerned agency heads. The Joint Declaration between the City of Aventura and the City of Miami Gardens is hereby incorporated by reference. Subsequent to execution by concerned agency heads, the Joint Declaration shall be filed with the clerks of the respective political subdivisions and shall thereafter become part of this Agreement. Said declaration may be amended or supplemented at any time by the agency heads by filing subsequent declarations with the clerks of the respective political subdivisions. B. Agency or participating law enforcement agency: Either the Miami Gardens Police Department or the Aventura Police Department. C. Agency head: Either Chief of the Miami Gardens Police Department or Chief's designee and the Chief of Aventura Police Department or the Chief's designee. D. Participating municipal police department: The City of Miami Gardens Police Department and City of Aventura Police Department. E. Certified law enforcement employee: Any law enforcement employee certified as provided in Chapter 943, Florida Statutes. SECTION IV: OPERATIONS A. In the event that a party to this Agreement is in need of assistance as specified in the applicable joint declaration, an authorized representative of the police department requiring assistance shall notify the agency from whom such assistance is requested. The authorized agency representative whose assistance is sought shall evaluate the situation and his available resources, and will respond in a manner deemed appropriate. B. Each party to this Agreement agrees to furnish necessary manpower, equipment, facilities, and other resources and to render services to the other parry as required to assist the requesting party in addressing the situation which caused the request; provided, however, that no party shall be required to deplete unreasonably its own manpower, equipment, facilities, and other resources and services in rendering such assistance. C. The agency heads of the participating law enforcement agencies, or their designees, shall establish procedures for giving control of the mission 2 definition to the requesting agency, and for giving tactical control over accomplishing any such assigned mission and supervisory control over all personnel or equipment provided pursuant to this Agreement to the providing agency. D. Whenever an officer or other employee is rendering assistance pursuant to the is agreement, the officer or employee shall abide by and be subject to the rules and regulations, personnel policies, general orders and standard operating procedures of his /her own employing agency. If any such rule, regulation, personnel policy, general order or standard operating procedure is contradicted, contravened or otherwise in conflict with a direct order of a superior officer of the requesting agency, then such rule, regulation, personnel policy, general order or procedure shall control and shall supersede the direct order. E. Whenever there is cause to believe that a complaint has arisen as a result of a cooperative effort as it may pertain to this agreement, the agency head or his /her designee of the requesting agency shall be responsible for the documentation of said complaint to ascertain at a minimum: 1. The identity of the complainant. 2. An address where the complaining party can be contacted. 3. The specific allegation. 4. The identity of the accused employee(s) without regard to agency affiliation. If it is determined that the accused is an employee of the assisting agency, the above information, with all pertinent documentation gathered during the receipt and processing of the complaint, shall be forwarded without delay to the agency head or his /her designee of the assisting agency for administrative review. The requesting agency may conduct a review of the complaint to determine if any factual basis for the complaint exists and /or whether any of the employees of the requesting agency violated any of their agency's policies or procedures. SECTION V: POWERS, PRIVILEGES, IMMUNITIES AND COSTS A. All employees of the participating municipal police department, including certified law enforcement employees as defined in Chapter 943, Florida Statutes, during such time that said employees are actually providing aid outside of the jurisdictional limits of the employing municipality pursuant to a request for aid made in accordance with this Agreement, shall, pursuant to the provisions of Chapter 23, Florida Statutes, have the same powers, duties, rights, privileges, and immunities as if they were performing their duties in the political subdivision in which they are normally employed. 3 B. The political subdivision having financial responsibility for the law enforcement agency providing services, personnel, equipment, or facilities pursuant to the provisions of this Agreement shall bear any loss or damage to same and shall pay any and all expenses incurred in the maintenance and operation of same. C. The political subdivision having financial responsibility for the law enforcement agency providing aid pursuant to this Agreement shall compensate all of its employees rendering aid pursuant to the Agreement during the time of the rendering of such aid and shall defray the actual travel and maintenance expenses of such employees while they are rendering such aid. Such compensation shall include any amounts paid or due for compensation due to personal injury or death while such employees are engaged in rendering such aid. Such compensation shall also include all benefits normally due such employees. D. All exemption from ordinances and rules, and all pensions, insurances, relief, disability, workers' compensation, salary, death, and other benefits which apply to the activity of such officers, agents, or employees of any such agency when performing their respective functions within the territorial limits of their respective agencies shall apply to them to the same degree, manner, and extent while engaged in the performance of their functions and duties extra territorially under the provisions of this Mutual Aid Agreement. The provisions of this Agreement shall apply with equal effect to paid and auxiliary employees. E. This agreement creates no rights or benefits in favor or any third parties and there are no intended third party beneficiaries with regard to the provisions herein. F. Nothing in this agreement is intended or is to be construed as any transfer or contracting away of the powers or functions of one party hereto to the other. SECTION VI: INDEMNIFICATION A. Each party engaging in any mutual cooperation and assistance, pursuant to this Agreement, agrees to assume responsibility for the acts, omissions, or conduct of such party's own employee while engaged in rendering such aid pursuant to this Agreement subject to the provisions of Section 768.28, Florida Statutes, where applicable. B. The political subdivision having financial responsibility for the law enforcement agency providing aid pursuant to this Agreement agrees to hold harmless, defend, and indemnify the requesting law enforcement 4 agency and its political subdivision in any suit, action, or claim for damages resulting from any and all acts or conduct of employees of said providing agency while providing aid pursuant to this Agreement, subject to Chapter 768, Florida Statutes, where applicable. C. Each party shall provide satisfactory proof of liability insurance or self - insurance by one or more of the means specified in §768.28(16)(a), Florida Statutes, in an amount which is, in the judgment of the governing body of that party. Should insurance coverage of any party be cancelled or undergo material change, that party shall notify all parties to this agreement of such change within ten (10) days of receipt of notice or actual knowledge of such chance. SECTION VII: FORFEITURES A. During the course of this Agreement, real property, vessel, motor vehicle, aircraft, currency or other property may be seized and subject to forfeiture under the Florida Contraband Forfeiture Act,. The jurisdiction in which the property was seized shall be considered the seizing agency. The seizing agency pursuing the forfeiture action shall have the exclusive right to control and the responsibility to maintain the property in accordance with Chapter 932, Florida Statutes, to include, but not be limited to, the complete discretion to bring the action or dismiss the action. B. All proceeds from the forfeited property as a result of or in accordance with this Agreement shall be equitably distributed among the participating agencies in proportion to the amount of investigation and participation performed by each agency less the costs associated with the forfeiture action. SECTION VIII: CONFLICTS Any conflicts between this Agreement and the Florida Mutual Aid Act will be controlled by the provisions of the latter, whenever conditions exist that are within the definitions stated in Chapter 23, Florida Statutes. SECTION IX: EFFECTIVE DATE AND DURATION This Agreement shall be in effect from date of signing, through and including, January 1, 2020. Under no circumstances may this Agreement be renewed, amended, or extended except in writing. 5 SECTION X: CANCELLATION This Agreement may be cancelled by either party upon sixty (60) days written notice to the other party. this 3 day of rya 6h , 2015. Cali � e % Eric M. Soroka City Manager City Manager City of Miami Gardens, Flo ida City of Aventura, Florida ATTEST: ATTEST: �• O Ronetta Taylor, ' Clerk City of Miami G dens Florida APPROED AS TO FORM AND LFJGAL SUFFICIENCY Dickens City 'Attorney City of Miami Gardens, Florida 266438_1.DOC .1 Ellisa L. Horvath, City Clerk City of Aventura, Florida APPROVED AS TO FORM AND LEGAL SUFFICIENCY Weiss Serota Helfman Cole Bierman & PopAk City Attorney City of Aventura, Florida JOINT DECLARATION BETWEEN THE CITY OF AVENTURA AND THE CITY OF MIAMI GARDENS PURSUANT TO A MUTUAL AID AGREEMENT A police officer of either of the participating law enforcement agencies shall be considered to be operating under the provisions of the mutual aid agreement when: • participating in law enforcement activities that are preplanned and approved by each respective agency head, or • appropriately dispatched in response to a request for assistance from the other law enforcement agency. In compliance with and under the authority of the Mutual Aid Agreement here- tofore entered into by the City of Miami Gardens, Florida and the City of Aventura, Florida, it is hereby declared that the following list comprises the circumstances and conditions under which mutual aid may be requested and rendered regarding police operations pursuant to the agreement. Said list may be amended or supplemented from time to time as needs dictate by subsequent declarations. 1. Joint multi - jurisdictional criminal investigations. 2. Civil affray or disobedience, disturbances, riots, large protest demonstrations, controversial trials, political conventions, labor dis- putes, and strikes. 3. Any natural disaster. 4. Incidents which require rescue operations and crowd and traffic con- trol measures including, but not limited to, large -scale evacuations, aircraft and shipping disasters, fires, explosions, gas line leaks, radi- ological incidents, train wrecks and derailments, chemical or hazard- ous waste spills, and electrical power failures. 5. Terrorist activities including, but not limited to, acts of sabotage. ,> 6. Escapes from or disturbances within detention facilities. 7. Hostage and barricaded subject situations, and aircraft piracy. 8. Control of major crime scenes, area searches, perimeter control, back -ups to emergency and in- progress calls, pursuits, and missing person calls. 9. Enemy attack. 10. Transportation of evidence requiring security. 11. Major events; e.g., sporting events, concerts, parades, fairs, festivals and conventions. 12. Security and escort duties for dignitaries. 13. Emergency situations in which one agency cannot perform its func- tional objective. 14. Incidents requiring utilization of specialized units; e.g., underwater recovery, aircraft, canine, motorcycle, bomb, crime scene, marine patrol, and police information. 15. Joint training in areas of mutual need. 16. Joint multi - jurisdictional marine interdiction operations. AGREED TO AND ACKNOWLEDGED this 3 day of �A Q Y G ►" 1 2015. Step a E. ohnson Steven Steinberg Chief o P ice Chief of Police City of Wami Gardens, Florida City of Aventura, Florida ATTEST: Z5 ��C_ 4_4� Ronetta Taylor, City erk City of Miami Gar6os Florida 2 ATTEST: Ellisa L. Horvath, City Clerk City of Aventura, Florida CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, City Manager BY: Brian K. Raducci, Finance Director DATE: February 24, 2015 SUBJECT: Resolution setting forth the ranking of CPA firms to perform independent audit. March 3, 2015 Commission Meeting Agenda Item 5Z Recommendation It is recommended that the City Commission adopt the attached Resolution which sets forth the ranking of firms to perform the City's independent audit. Background The City is required by Section 4.11 of the City Charter and various sections of State Statutes to have an annual audit of its accounts and records performed by an independent Certified Public Accountant. In addition, Section 4.11 of the City Charter requires that the audit firm be rotated at least every five (5) years. As a result, Keefe McCullough — who has served as the City's auditors for fiscal years 2010 -2014 and as the School's auditors for fiscal years 2011 -2015 was precluded from submitting a proposal. Pursuant to Section 218.391, Florida Statutes, the City prepared an RFP which included detailed criteria for the evaluation of proposals and for the ranking of firms. Pursuant to Section 218.391(d), F.S., "If compensation is one of the factors established ...., it shall not be the sole or predominant factor used to evaluate proposals." The City advertised the availability of the RFP in the Daily Business Review on January 9, 2015. In addition, a solicitation package was made available from www.demandstar.com on January 9, 2015. A mandatory pre - proposal conference was held on January 21, 2015 to answer questions from ten (10) prospective proposers. Of the ten (10) firms that attended the conference, nine (9) of them submitted detailed written proposals on February 9, 2015. The nine (9) proposals are listed (in alphabetical order) below: 1 1. Alberni Caballero & Fierman, LLP 2. BDO USA, LLP 3. Crowe Horwath LLP 4. GLSC & Company, PLLC 5. Grau & Associates 6. HCT Certified Public Accountants and Consultants 7. Marcum Accountants and Advisors 8. McGladrey LLP 9. Nowlen, Holt & Miner, P.A. Pursuant to 218.291, F.S., the proposals were reviewed by an Audit Committee (the "Committee ") consisting of the City Manager, Finance Director and Controller. As part of the evaluation process, the Committee shortlisted the nine (9) proposals to four (4) firms which were all interviewed on February 23, 2015. After the interviews were concluded and based on the evaluation criteria as outlined in the RFP, the Committee ranked the firms in order of preference (listed below) as to the most highly qualified to perform the required services. Committee's Ranking of Audit Firms in order of preference (with 1 being the best): 1. Alberni Caballero & Fierman, LLP 2. Grau & Associates 3. McGladrey LLP 4. GLSC & Company, PLLC Based on the foregoing, the Committee requests that the City Commission approve the attached resolution establishing a ranking of firms to perform auditing services. A copy of the RFP, submittals by all firms and other supporting documents are available for review in the Finance Department. Pursuant to Section 218.391, the City Commission can approve the rankings of the Committee or may establish a different ranking. If the Commission chooses to rank the firms in a different order than that which was recommended by the Committee, they must document in its public records the reason for not selecting the highest ranked firm and the reason for the change in ranking cannot be due to compensation. Assuming adoption of the attached resolution by the Commission, the Administration shall negotiate a contract with the first - ranked firm. If the Administration is unable to negotiate a satisfactory contract with that firm, negotiations with that firm shall terminate and the Administration shall then negotiate with the second - ranked firm and so on, until a contract is obtained. At the March 2015 Commission meeting, the Administration will submit a contract for auditing services for approval based on the negotiations. 2 RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, ESTABLISHING A RANKING OF FIRMS TO PERFORM AUDITING SERVICES; AUTHORIZING THE CITY MANAGER OF THE CITY OF AVENTURA, FLORIDA ON BEHALF OF SAID CITY TO NEGOTIATE FOR SAID SERVICES; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Aventura, in accordance with its Charter and applicable State law, has requested proposals from Certified Public Accounting firms to perform independent audits of the City's accounts and records; and WHEREAS, said proposals were evaluated by an Audit Committee consisting of the City Manager, Finance Director, and Controller; and WHEREAS, said Audit Committee recommends that the top four ranked firms, based on the firms' experience and qualifications, be: 1.) Alberni Caballero & Fierman, LLP; 2.) Grau & Associates; 3.) McGladrey LLP; and 4.) GLSC & Company, PLLC; and WHEREAS, the City Commission desires to authorize the Audit Committee to negotiate fees with the top ranked firm and with the alternate firm(s), should negotiations with the top ranked firm be unsuccessful. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The ranking of firms to perform independent auditing service for the City are: 1) Alberni Caballero & Fierman, LLP 2) Grau & Associates 3) McGladrey LLP 4) GLSC & Company, PLLC City of Aventura Resolution No. 2015 -_ Page 2 Section 2. The firms have been rated on the basis of their experience, qualifications and proposed fee. The final cost shall be negotiated by the Audit Committee and approved by the City Commission, prior to said firm beginning any work for which the City may later be billed. Section 3. In the event the City is unable to come to favorable terms and fees with the top ranked firm, the Committee is hereby authorized to negotiate fees with the alternate firms. Section 4. The City Manager is hereby authorized and requested to take all necessary and expedient action to carry out the aims of this resolution. Section 5. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner 1 0 moved its adoption. The motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Enbar Cohen Commissioner Denise Landman Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman City of Aventura Resolution No. 2015 Page 3 PASSED AND ADOPTED this 3rd day of March, 2015. ENID WEISMAN, MAYOR ATTEST: ELLISA L. 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Soroka, I A- City Manager BY: Joanne Carr, AICP Community Development Director DATE: February 4, 2015 SUBJECT: Request of Royce Corporation for variance from Section 31- 144(e)(4) c.2. of the City's Land Development Regulations to allow a floor area ratio larger than allowed by Code for an office mezzanine in Unit 102 in the One Aventura Executive Center condominium office building at 20900 NE 30 Avenue, City of Aventura (01- VAR -15) March 3, 2015 City Commission Meeting Agenda Item (P RECOMMENDATION It is recommended that the City Commission approve the request to allow a floor area ratio of 1.41, where a floor area ratio of 1.39 is permitted by Code, to facilitate the construction of a 2180 square foot second floor mezzanine in Unit 102 of the One Aventura Executive Center condominium office building, with the following conditions: 1. Plans submitted for permitting shall substantially comply with those submitted with this application for variance, as follows: • "Royce Corp. One Aventura, NE 30 Av, Aventura, Florida 33180 ", Sheet A -001, prepared by Merenfeld Weisleder LLC, dated 1/20/15, signed and sealed 2/2/15. • "Royce Corp. One Aventura, NE 30 Av, Aventura, Florida 33180 ", Proposed Design, Sheet A -002, prepared by Merenfeld Weisleder LLC, dated 1/20/15, signed and sealed 2/2/15. 2. Permits shall be obtained within twelve (12) months of the date of the Resolution or the approvals granted shall be deemed null and void unless extended by a motion of the City Commission. THE REQUEST The applicant, Royce Corporation, the owner of Condominium Unit 102, One Aventura Executive Center, is requesting a variance from Section 31- 144(e)(4)c.2. of the City's Land Development Regulations to allow a floor area ratio of 1.41 where a maximum floor area of 1.39 is permitted by Code. (See Exhibit #1 for Letter of Intent) BACKGROUND OWNER OF PROPERTY APPLICANT ADDRESS OF PROPERTY SIZE OF PROPERTY Royce Corporation, a Florida Corporation Royce Corporation, a Florida Corporation 20900 NE 30 Avenue (See Exhibit #2 for Location Plan) 2.11 acres (overall office building site) LEGAL DESCRIPTION Condominium Unit 102, One Aventura Executive Center, a condominium, according to the Declaration of Condominium recorded in Official Records Book 25576, Page 4562 in the Public Records of Miami -Dade County, Florida, City of Aventura Zoning - Subject Property: Properties to the North: Properties to the South Properties to the East: Properties to the West: Existing Land Use - Subject property: Properties to the North: Properties to the South Properties to the East: Properties to the West: OP Office Park District B2 Community Business District OP Office Park District RS2 Residential Single Family District OP Office Park District Condominium Office Building Synagogue Office Buildings Single Family Residential Homes Funeral Home Future Land Use - According to the City of Aventura Comprehensive Plan, the following properties are currently designated as follows: Subject property: Business and Office Property to the North: Business and Office Property to the South: Business and Office Property to the East: Medium -High Density Residential Property to the West: Business and Office 2 The Site — The site is located on NE 30 Avenue between NE 209 Street and NE 210 Street. The property contains a ten story, condominium office building and attached parking structure. The Project — The applicant has purchased Unit 102 in the condominium office building. This 4024 square foot unit is located on the first floor at east end of the building. Ceiling height in the original construction of this unit is 29 feet. All other office units in the building have a ceiling height of 13 feet. The original owner of this unit used the space as a furniture display showroom, as permitted through conditional use approval granted by Resolution No. 2008 -15 passed by the City Commission on February 5, 2008. The showroom use was discontinued and the unit has remained vacant for some time. Photographs of the existing space are attached as Exhibits 3 and 4 to this report. The new owner wishes to establish an office use in the space. This use is permitted in the Office Park zoning district. A 2180 square foot second floor mezzanine is proposed along with offices on the first floor. The applicant has submitted the Minutes of the Meeting of the Board of Directors and Unit Owners dated June 26, 2014 approving this expansion request. The Minutes are attached as Exhibit 5 to this report. The maximum floor area ratio permitted by City Code for this ten story office building is 1.39 or 127,764 square feet of gross floor area based on height and lot size. As originally approved and constructed, there is 127,700 square feet of gross floor area in the building. Therefore, an additional 64 square feet can be added to the building to comply with the maximum 1.39 floor area ratio. The owner wishes to add a 2180 square foot second floor mezzanine, which exceeds the remaining 64 square feet and results in a floor area ratio of 1.41. Renderings of the proposed second floor are attached as Exhibits 6, 7 and 8. Renderings showing the proposed exterior of the unit are attached as Exhibits 9 and 10. No change to the exterior glass fagade is proposed and no expansion to the office building is proposed. All of the proposed additional space is interior to Unit 102. The proposed addition of 2180 square feet of office space requires an additional 7 parking spaces, or 446 spaces overall for the building, where 449 parking spaces are provided. ANALYSIS Consistency with Comprehensive Master Plan - The request is not inconsistent with the City of Aventura Comprehensive Plan. The future land use designation of this property is Business and Office. An office use is proposed. Public Notice - Notice of this public hearing has been published, posted and mailed in accordance with Section 31 -71 of the City Code. 3 Citizen Comments - The Community Development Department has received no written citizen comments as of the date of writing of this report. Community Development Department Analysis — The proposed second floor mezzanine does not impact the setbacks, lot coverage or open space for this site. The addition is confined to the interior of the unit and does not adversely affect the existing exterior glass fagade. There are sufficient parking spaces existing on site to accommodate the addition. Criteria The guidelines for approval of variances as required by Section 31 -76(e) of the City's Land Development Regulation states: "Standards of review. A variance shall be granted only where competent and substantial evidence presented in the particular case shows that all of the following are met (1) The particular physical surroundings, shape, topographical condition, or other physical or environmental condition of the specific property involved would result in a particular hardship upon the owner, as distinguished from a mere convenience, if the regulations were carried out literally. The hardship at this location is caused by the particular physical condition of the unit, namely, the two -story, 29 foot tall volume of the unit as originally constructed. (2) The conditions upon which the request for a variance is based are unique to the parcel and would not be generally applicable to other property within the vicinity. The conditions are unique to this site and are not applicable to other locations. (3) The alleged difficulty or hardship is not economic and has been deliberately created to establish a use or structure, which is not otherwise consistent with the LDR. The applicant's difficulty is not economic in nature and the difficulty was not deliberately created by the applicant. The unit was constructed prior to purchase by the applicant. (4) The granting of the variance will not be detrimental to the public welfare or injurious to other property or improvements in the vicinity. The variance will not be detrimental to the public welfare or injurious to other property or improvements in the vicinity. The proposed addition will not affect 4 building setbacks, lot coverage or open space. The additional space will not affect the existing glass fagade of the building. (5) The proposed variance will not substantially increase the congestion in the public streets, or increase the danger of fire, or endanger the public safety, or substantially diminish or impair property values within the vicinity." The variance will not substantially increase traffic congestion or increase the danger of fire or endanger the public safety or substantially diminish or impair property values. There are a sufficient number of parking spaces on site to accommodate the addition and maintain compliance with the number of parking spaces required by City Code. There are existing vehicular and pedestrian accesses to the site from NE 30 Avenue and NE 209 Street. No change to the existing exterior fagade of the building is proposed. j V J Fromberg, Perlow & Kornik, P.A. Attorneys at law 20295 Northeast 29di Place Suite 200 Avcntura, Florida 33180 Cary Ian Nesbitt, Esq. RneSb1& pk-IaTV December 26, 2014 To: City of Aventura Telephone: (305) 933 -2000 Re: Letter of Intent, Application for Zoning Variance Regarding FAR To Whom It May Concern: Please accept this Letter of Intent ( "Letter ") as an expression of interest on behalf of Royce Corporation ( "Royce ") to alter the interior of its office condominium unit located on the ground floor (the "Space ") of One Aventura Executive Center (the "Property") for optimal utilization of the Space by adding an interior balcony area within the Space (the "Project "). In accordance therewith, Royce is seeking a variance from Section 31- 144(e)(4)c to allow for an increased Floor Area Ratio. Specifically, the variance sought by Royce would allow for an increase in the Floor Area Ratio, as set forth in Section 31- 144(e)(4)c from the current 1.39 requirement previously approved by the City in 2004 to a Floor Area Ratio of 1.41 which would be calculated based upon the additional 2,011 square feet to be added in a balcony area in the interior of the existing Space. Please note that no part of this request for variance would affect the exterior of the Space or the building. Currently, the Space and the building therein contained is zoned Office Park ( "OP "). As stated, pursuant to the previously approved designation, the Property is required to maintain a Floor Area Ratio established at 1.39, and currently is in compliance therewith. However, the Space was constructed as a "two -story tall" condominium unit, possibly in contemplation by the original owner of seeking to establish a retail establishment in the Space. Such an establishment would not be acceptable in the designation and the Space has remained unoccupied for a number of years. Simply stated, a "two -story tall ", open air interior would be entirely inappropriate for office use, which, as stated is the zoning designation for the Property. Consequently, in order to utilize the Space most efficiently, for maximum benefit, and in compliance with the zoning designation, Royce seeks to renovate the interior of the Space with an interior balcony area that would be utilized for office employees and work stations, as is typical in like office areas. In connection therewith, a variance of the Floor Area Ratio as described above would be required in order for Royce to improve the Space, and consequently, the Property as a whole. Without the granting of the variance, the Space would continue to be unusable, create a tremendous financial hardship on Royce, and present the general public with a view from the outside streets and walkways of a large, barren area right at the heart of the Property. In consideration of Royce's request for the variance and the hardship resulting from the current design of the Property, please note that Royce has operated its business within the City of Exhibit #1 01- VAR -15 �0 �%d Aventura for well over a decade. Royce is a highly professional importlexport project and trading group employing numerous employees. Its ownership is comprised almost in its entirety by residents of the City of Aventura. Further, Royce has a proven track record of acting with the utmost in professionalism and has been a constant contributor within the City of Aventura. Royce has operated its business at the highest level from another unit owned by Royce in the One Aventura Executive Center and seeks to expand its business and staff to further expand its operations which shall only further serve the City's interest. In accordance therewith, Royce has purchased the heretofore unusable space on the ground floor of One Aventura Executive Center. The Space that is the subject of the application has sat empty and unusable for nearly the entire time of existence of the building and the Property. Visibly, the Space as it now appears, might be imagined as a commercial space, however, as is well known within the building and the community, the Property has been zoned as Office Park. Strict application of the current Floor Area Ratio, as set forth above, will create a practical difficulty and an unnecessary hardship that cannot be adequately or equitably alleviated in any other way. In fact, allowance of the slight adjustment of the Floor Area Ration would allow for the Project to be completed in full compliance with the current zoning designation (and the intention of the City), and would not require any change in zoning classification whatsoever. In sum, due to the current layout of the Space and the zoning designation as Office Park, the failure to slightly adjust the Floor Area Ratio in order to make the Space conducive to such intended use would render the Space useless. Consequently, unless some flexibility is granted in connection with the utilization of this Space, this Space appears doomed to remain empty and unusable throughout the future. It is the hope and request of Royce that the City of Aventura will be able to visualize just how crucial the granting of their request is if there is to be hope of operating their offices in the Space and, thus, removing an unattractive and negatively impactful barren space in the heart of the building and the Property. It cannot be stated with enough urgency that, if Royce cannot complete the Project and utilize the Space, and the Space were to remain empty, as it has for years, the blight on the building, the area, and the City of Aventura would continue to stand out to passers -by and all would suffer from a less than optimal vision and judgment of the area. The granting of Royce's application, which does nothing more than seek an extremely slight variance to the currently required Floor Area Ratio of the Space, would greatly enhance the building, the area, and the City in general. There is no conceivable negative impact from the slight increase in the Floor Area Ratio as requested. In fact, the granting of the variance would eliminate the current negative impact created by the design of the Space, and create a usable and aesthetically pleasing office condominium that is fully in compliance with all remaining Land Development Regulations of the City of Aventura. Further, the slightly increased Floor Area Ratio would not negatively affect City or other services, neighboring unit owners or nearby projects, nor would it create any form of burden on any third parties. In the alternative, the City's failure to assist Royce in its reasonable and necessary request, would certainly be incredibly detrimental to Royce, as it is simply impossible for Royce to operate from the Space as it currently exists and is required to exist. It is conceivable that Royce would have to seek a desperate remedy to its ownership of a useless, albeit expensive condominium space. It is respectfully submitted that such damage to the very existence of Royce would trickle down negatively to the building, all of its unit owners, the area businesses, and to the City of Aventura as a whole. In fact, as evidenced by documentation included with the Variance Application, the neighboring unit owners have been presented with the proposed Project and have given it their utmost support and backing. Clearly, the ease and minimal alteration of requirements would be far outweighed by the benefit provided in allowing for the Project and allowing the Space to be utilized in a manner which serves all. The proposed Project intentionally incorporates a design that compliments the local environment and the surrounding structures and office spaces contained therein. In connection with the characteristics to be considered by the City in determining this variance request, it is respectfully submitted that the Project is planned for a building that currently contains nothing but office condominiums, and, further is surrounded by other office buildings. The Project would not only result in a condominium office space that is similar to its surroundings, but it would allow for the creation of the jewel of the office area that is a hub of professional business activity in the City of Aventura. Consequently, the proposed Project is extremely compatible with the other land uses permitted in the zoning district. It is our belief that the impact of this Project on the surrounding area will be extremely favorable. In cooperation with all of the City of Aventura's applicable land use, development and building departments, we have sought to successfully meet and achieve each and every requirement proposed pursuant to the City's code and believe that we have fully and eagerly responded to every suggestion, requirement or imposition of individualized conditions established in order to ensure that the variance requested is compatible with the surrounding neighborhoods and appropriate for the Project's locale. In connection therewith, it is respectfully submitted that: i. As stated more fully herein, the particular physical surroundings, shape, structural design condition, or other physical or environmental condition of the Property and Space involved currently causes, and in the future would continue to result in a particular hardship upon the Owner /Applicant, as distinguished from a mere inconvenience, if the regulations were carried out literally and without reasonable adjustment. ii. The conditions upon which the request for a variance is based are unique to the Property /Space and would not be generally applicable to other property within the vicinity. In fact, the Space is the only space within the Property or any nearby properties or projects within the Office Park district that was constructed in such a unique and detrimental manner. The creation of the "two -story tall" office condominium structure is, in fact, counter to every other parcel or unit in the area, as such design, as it currently exists, actually negatively stands apart from the uniformity of the area, and allowance of the variance and the Project would allow the Space to be made more consistent with the surrounding area. Further, the improvements to be made pursuant to the Project are strictly internal to the Space and would have no impact on any other units or properties other than to provide a more aesthetically pleasing viewing of the area. iii. The alleged difficulty or hardship is not purely economic and has not been deliberately created to establish a use or structure which is not otherwise consistent with the Land Development Regulations. In fact, it is the goal of the Owner /Applicant to cause the Space to become more consistent with the Land Development Regulations and respectfully suggests that the completion of the Project will result in a Space and Property more closely in line with the intentions of the City of Aventura and the Land Development Regulations than currently exists. iv. The granting of the variance will not be detrimental to the public welfare or injurious to other property or improvements in the vicinity. In fact, it is respectfully submitted that completion of the Project will bring about an extreme benefit to the public welfare, and will raise the aesthetic, economic, and thematic view of the neighboring properties and improvements in the vicinity. The granting of the variance will allow for completion of the Project which will be the transformation of an empty, barren, and mistakenly appearing unusable "store - front', to a state of the art office condominium that would bring positive attention to surrounding areas and businesses. Further, the change in the Floor Area Ratio will not require any adjustments to any services, locations, walkways, neighboring areas, or unrelated parties in any way whatsoever. The Project is strictly internal and the only external effect would be the creation of an attractive and unique visual base area of an existing office building. V. The proposed variance will not substantially increase the congestion in the public streets, or increase the danger of fire, or endanger the public safety, or substantially diminish or impair property values within the vicinity. As stated, all improvements are internal to the Space. The Project will have absolutely no impact on congestion of streets or increase the danger of fire, or endanger public safety. The variance and the Project will not change the use of the Space in any way or have any impact on the surrounding areas or the public in general. Regarding property values within the vicinity, it is respectfully submitted that the current status of the Space, that is, a long - standing empty unusable and unattractive vacant space at the forefront of the Property has resulted in a negative impact by virtue of its appearance and suggestion that the area is undesirable. The completion of the Project should strongly increase the public perception of the area and thus, strongly enhance desirability and property values in the area. vi. The proposed variance is reasonably consistent with the Comprehensive Plan for the City of Aventura. vii. The establishment, maintenance and operation of the proposed Project shall not be detrimental to, or endanger the public health, safety of general welfare. As can be verified by the applicably City departments, Royce shall carefully follow all criteria set forth by each department in connection with this consideration. viii. The proposed Project is consistent with the community character of the immediate neighborhood. As previously stated herein, and as is well known by members of the community, this street is almost solely utilized as professional offices of similar businesses and operations. ix. The design of the proposed Project shall minimize adverse effects, and, in fact, enhance the effects including visual impact, of the proposed use on adjacent properties and condominiums. Royce has engaged the highest echelon of professionals to ensure that all such considerations are met to %W 4 the satisfaction of the community residents and the City of Aventura as a whole. It is our intention with this application to work towards achieving a Project that is mutually beneficial to all. We look forward to working with the City of Aventura over the coming years while developing this iconic Project into the j ewel of Aventura Office Park zoning area. Thank you very much for your consideration. Sincerely, FROMBERG, PERLOW & KORNIK, P.A., On Behalf of Royce Corporation, By: RY AN BITT, ESQ. BROWARD COUNTY ........�. ; 'rIYVL TYr751TiT:T:. =•. F .�.� DADECOUNTY " rt•yT{•IRy7•��yR•�y7•i '• Gulfstream YACHT CLUB DR. ' • Park MARINA :• Arenlura COVE • Hospirol jam_ Subject Site HARBOR CIRCLE ■ &Medic al �`� ui WPY :. Center I 4 MP INER • Waterways - ■ '• WATERWAYS Shoppes 207 ST. • w w - :6 a a - COUNTRY CLUB DR. The mi n 205 Promenade 1� Shops m O a IVES DAIRY RD ::. 203 ST m :. a a • o _• 201 TER. m • -� • Turgberry,(sle ` ■ m m Re,tibrt "& Club 'rqV t• AVEN ®TUBA 0LA 5' / U Fite Rescue Aventura v,i s.'' Station Library Di Aventura Mall -D =m k 0 YACHT J¢' •': City of Aventura o LOB r, Governm Center . f SWY W ent 192 ST. MILLI M L` _ „ • 192 ST } • OQ, 191 ST w 190 ST. pdYSTIG X UJ ■ 3 ..� ,■ m 188 ST • in MIAMI 33180 to GARDENS DR .__ _ O �♦ _ _. — 185 ST . — _. -._._ 33 60 183S - Dumfoundling ! Al Bay •i ♦ a Atlantic Ocean '♦ ffi� Little iscayne Z', y Williams tz +� iy;• B180 ST; Maule w N Sound : x c' _ arbour Point Lake O ; iS�. ♦nD;}f - r;♦ East —a . C ♦ 11QifX.v1 hop P INT �. BAST OV' �_� r r< •�.;r;r ,:: x ^\ is •- ...••.•.•••rte � LEGEND Kaule Lake ♦. a z f Roadways ♦ '"" r, - ...... City Boundary ZIP Code Boundary 1 :a ♦ " - -- --- Railroad ".1t ♦j e si a ♦ C e i S ♦�� '5 Exhibit #2 01- VAR -15 I' r - f " r s ?1 ■ �R��i '��i' �' Tf r • fr r �. �• • .' �� at IV ti i _ 1 � 1 ff r • �r�a. JRW It t � �� rte: � + f r �•� • � r J'•�� +� ''� •} y F.r l s '� I It Al oe 1 j• / ! .. ,(� . ,� ;t,* a It s i ce, • ` ' . ge Itle Exhibit #3 .r � r r F i t �' .■ 1 t ti r�z t • �r } 44 �5 R - r Iv � A i •■ r � f 1 T K �rM �•r r ww .1 ONE AVE -NTURA EXECUTIVE CENTER CONDOMINIUM ASSOCIATION, INC MINUTES OF THE MEETING OF BOARD OF DIRECTORS AND OF THE UNIT OWNERS Thursday, June 26th, 2014 The meeting was held on June 24th, 2014, at the lobby of the One Aventura Executive Center building. The meeting was called to order by Marcelo Borodowski, President at 6:10PM. Quorum was established and sign in sheet is attached. The meeting was properly noticed and proof of notice is attached Also in attendance were Heri Kletzenbauer & Luigi Rossi, management of the building. Modifications to unit 102: Mr. Borodowski read results of vote of unit owners re build out of unit 102. 67% of unit owners submitted a vote with 100% in favor. Upon motion to approve request to approve plans for build- out by Royce Corporation, the board of directors voted unanimously to approve. Water leak in unit 714 — June09,2014 Upon request by RRRingmasters, the Association has hired Pistorino & Alarm company to complete an assessment of the AC system in the building. Mr. Evgueni Savitsky was present at the meetinj to present his preliminary findings. A complete report will be available to the BOD on June 28 , 2014 and a follow up meeting will be called. Following preliminary findings BOD unanimously decided to have a contractor double check the units affected in the last 2 floods and fix per engineers recommendation. Management will obtain estimates for replacement of 2' PVC pipes with copper in all units. BOD unanimously voted to retain engineers to check all individual units; access to be coordinated with management. BOD unanimously voted to have new AC Company perform service and inspections on all units. Additional recommendations by engineer will be discussed in next meeting The meeting was adjourned at 7:25pm Submitted by. szf � O oa r d Member - J �i O ��al MAILING ADDRESS: 655 WEST FLAGLER ST. # 207, MIAMI, FLORIDA 33130 PHONE: (305) 538 7957 • FAX: (305) 538 7964 Exhibit #5 01- VAR -15 m IA X 4 1 < 71t X INA 0 lw* 0 �fr. I o 0 om �x COWN C7 a _. ,Y G r Et y' I j �.. w WAI _ 1 - +rr��u+r��. ape. a■ aalr r+ .��wF+ar1+R4■Rraa�w+rFa /wrr.+w �IMw �' M'�..r•-+v -I�Ir t+.+.r �wwV+.�— •��iRRr.�1r�a�'ir■ ��.�iR�+� — a�.Vr � 7* t J L r r r I' v _ ra t .�� •�� ■•�• Vii! i '7ri■r4 . +�♦, 1 kJF • ■' + iii • ■'■' � i i i■� L� ■ ■.= f. ryrSa f� ri r ~a ■a ■rw� � r� ; ■ ■w■'i r a ■� i•r ■ri r ■'� �1�'r■r•r■ ■�r■r.i .. 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AM ■ --� k� •= h� IF u. a •n • F�MMMA�Mar wasumesto Imp 01 no Motwoom" its oil IM .• '�hY �.�2 � iRHV3 i•.� �• + � li7 � iiii� � �..��fw fA "11 r�: � ] r� +rah,: t!lR��i��.]r��rf�!G •.I�t�i�fa'i �'�� ;�. �` ?:��'•.?�jr:�; -�� + ��!. ■!} =iliiltr��11.'rsll��f£��1�� • - :_'r � �z_�-.: �,�.tits:- �r.s-�r' I['riii. •g: . ❑. irluiika■` tiirliiiiiii�iiir <s:raurNiiiei�iiri[i�i ' yr*alr i. Tyr aMllrWi'+TC+i if7r OuiN�_[_wu_�_�u�r_�ra_�[�,I� y 71a1111t111 gill 111111l11P1111 � - ir�lrf iiii�ER&Rii! iliiilwfli0 -- "=k 11111 111Bull IGlll -- -- y a Sam .� � i 1 r• • zlr+, 1. � �• .�` fly i �r ], ir..r w Y 1 L� Z -n w0 0 °mpa m Q :f 0 yoi �� ? C, i rri m n ❑ z ni N °� §Dnjy T} �1 ril •��yyy �. G1 p��n n � o 0 Z m -Z,1 D C M >>M M Z -n w0 0 °mpa `u z ni -Z,1 D C M >>M y r s a wM-40 �ZC� cn rrn"+C}� Z 4 n '= APPLICANT REPRESENTATIVE AFFIDAVIT Pursuant to Section 31- 71(b)(2)O of the City of Aventura Land Development Code, this Applicant Representative Affidavit is hereby made and submitted. The undersigned authorized representative of the individual or entity applying for the Development Permit, which is identified in the accompanying application, and the owner of the property subject to the application (if different) hereby lists and identifies all persons representing the individual or eNdy applying for the Development Permit in connection vhih the application, as follows: Name FFKE� PMWO GA y Nr-'69i Tr< :5v5k A Wb- _AEt>s2 Relationship (i.e. Attorneys, Architects, Landscape Architects, Engineers, Lobbyists, Etc.) (Attach Additional Sheets If Necessary) �t~t�RtJey k ioR,NE� 4-cy eC7 NOTICE: ANY STATEMENT OR REPRESENTATION MADE BY ANY PERSON LISTED ON THE APPLICANT REPRESENTATIVE AFFIDAVIT SHALL BE BINDING UPON THE INDIVIDUAL OR ENTITY APPLYING FOR THE DEVELOPMENT PERMIT AND THE OWNER OF THE SUBJECT PROPERTY. APPLICANTS AND AFFIANTS ARE ADVISED TO TIMELY SUPPLEMENT THIS AFFIDAVIT PURSUANT TO SEC. 31- 71(B)(2)(IV) OF THE CITY'S LAND DEVELOPMENT REGULATIONS IN THE CITY CODE, IN THE EVENT THAT PRIOR TO CONSIDERATION OF THE APPLICATION BY THE CITY BOARD OR COMMISSION, THE INFORMATION PROVIDED IN THE AFFIDAVIT BECOMES INCORRECT OR INCOMPLETE. / WITNESS MY HAND THIS 6 DAY OF DfC 2001 Y AUTHORIZED REP APPLICANT: OWNER By: .it�✓� -- OV w4.r—� (Siynot re) 5 tore) Name: /A!� %�tcc/ Name: vSCd (Print) int Title: �_S_ hitAer TiUe: Address: ZO54P 'Pi�' 4✓• Address: 20le? NC ��• A vt -ill nil 5. STATE OF FLORIDA ) COUNTY OF MIAMI -DADE) Before me the undersigned authority personally appeared MpliQ.l lmi MQS('li as t au on d re esentative of the Applicant and/or the owner of the property subject to the application, who being first by me duly s m, d ear r affirm that he/she executed this Affidavit for the purposes stated therein and that it is [rue and correct_ 8, �� AFFIAuNT SWORN TO AND SUBSCRIBED BEFORE ME this _day of L 1 l Nobry Public State of Fbriea Haifa Ajjak Notary im Sl too FI da Al Lar e �f My Commssion EE 125796 Printed Name of Notary Expires 09/30/2015 My commission expires: �o S APPLICANT REPRESENTATIVE AFFIDAVIT °M.</ Pursuant to Section 31- 71(b)(2)(i) of the City of Aventine Land Development Code, this Applicant Representative Affidavit is hereby made and submitted. The undersigned authorized representative of the individual a entity applying for the Development Permit, which is identified in the accompanying application, and the owner or the property subject to the application (if ddferent) hereby lists and identifies all persons representing the individual or entity applying for the Development Permit in connection with the application, as follows: Name �21A,✓ (j2.v S (LLO Relationship (i.e. Attorneys, Architects, Landscape Architects, Engineers, Lobbyists, Etc) (Attach Additional Sheets If Necessary) NOTICE: ANY STATEMENT OR REPRESENTATION MADE BY ANY PERSON LISTED ON THE APPLICANT REPRESENTATIVE AFFIDAVIT SHALL BE BINDING UPON THE INDIVIDUAL OR ENTITY APPLYING FOR THE DEVELOPMENT PERMIT AND THE OWNER OF THE SUBJECT PROPERTY. APPLICANTS AND AFFIANTS ARE ADVISED TO TIMELY SUPPLEMENT THIS AFFIDAVIT PURSUANT TO SEC. 31- 71(B)(2)(IV) OF THE CITY'S LAND DEVELOPMENT REGULATIONS IN THE CITY CODE, IN THE EVENT THAT PRIOR TO CONSIDERATION OF THE APPLICATION BY THE CITY BOARD OR COMMISSION, THE INFORMATION PROVIDED IN THE AFFIDAVIT BECOMES INCORRECT OR INCOMPLETE, WITNESS N11' HAND THIS L DAY OF Il 'SVZVAA -y . 204 AUTHORIZED REPB@S 4& R F APPLICANT By: i — Sg rur �V Name: (Print) Title: P pt f eoyF;�GOCPoe*7Z4&1 Address: 14yE,✓tve,� STATE OF FLORIDA ) COUNTY OF MIAMI -DADE) *,A+_T1cX) Address:2'::;>feQP At& AVF.✓TVR,! Before me the undersigned authority personally appeared Uf'L 5W as the authorized representative of the Applicant andlor the owner of the property subject to the application, who being first by me duly sworn, d' ear I I Ihat he/she executed this Affidavit for the purposes staled therein and that it is true and correct. SWORN TO AND SUBSCRIBED BEFORE ME Ihisl* of Notary, 41 own •yl Notary Public Slate of Florida Printed ?`; Haifa Ajjak ?pr atl4 M con E125736 n 015 Expiro 01i30 / my A BUSINESS RELATIONSHIP AFFIDAVIT* This Affidavit is made pursuant to Section 31- 71(b)(2)(ii) of the City of Avenlura Land Development Code. The underegned Affront hereby discloses that: (mark wilh'x' applicable portions only) pg I. Aifant does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which I ` the appicafion will be presented. ) 2 Afilanl hereby discloses that it does have a Business Relationship with a member of the City Commission or a City Advisory Board to which the application will be presented, as follows: (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship Is as follows: ) i. Member of City Commission a Board holds an ownership interest in excess of 1 %of total assets or capital stock of Applicant or Representative; [111, Member of City Commission or Board Is a partner, co-shareholder (as to shares of a corporation which are not listed on any national or regional stack exchange) or joint venturer with the Applicard or Representative In any business venture; []iii. The Applicant or Representative is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the same employer as the member of the City Commission or Board; [)iv. ACity Commissioner or Board member is a Client of the Applicant or Representative; I ] v. The Applicant or Representative is a Customer of the member of the City Commission or Board (or of his or her employer) and transacts more than $10,000.00 of the business of the member of the City Commission or Board (or his or her employer) in a given catendaryear, []vi. The member of the City Commission or Board is a Customer of the Applicant or Representative and transacts more than $25,000.00 of the business of the Applicanlor Representative in a given calendar year. WITNESS M)�AND THIS g DAY OF i 20Dfy APPLICANT: WITNESSMY HAND THIS 5 DAY OF 201/Y PROPERTY OWNER: By; (signature) Name: _(Prinp Title; (Piing) 'The terms "Business Reiabonship,' 'Client, " " Cuslomer," App'icanC" 'Representative" and 9nferesled Person' are defined in Section 2 -395 of (he Aventura City Code. WITNESS MY HAND THIS / /_OAY OF 20VY REPRESENTATIVE: (Listed on Business Relationship Affidavit) (Print) Title: By: f (Signature) By: (Signature Name�{sa R A/�3/3 r(Print) Name: (Print) Tithe: - .e NT (Print) Title: (Print) By; ,gnature) By: (Signature ame: %i-7`F.PN(PrinQ Q Name: (PrinU Title: .47-r"4 Aq _(Print) Title: (Print) By; (S jnature) Name: (Print) Title: (Print) By; (Signature) By; (Signature) Title: (Print) Title: (Print) By; (Signature) Tille: (Print) Title: (Print) By; (Signature Name: (Print) By: (Signature Title: (Print) Title: (Print) By, (Signature Title; (Print) Title: (Print) (Signature NOTE: 1) Use duplicate sheets if disclosure information for Representative varies 2) Applicants and Affiants are advised to timely supplement this Affidavit pursuant to Sec. 31- 71(b)(2)(iv) of the City's Land Development Regulations in the City Code, in the event that prior to consideration of the application by the City Board or Commission, the information provided in the Affidavit becomes incorrect or incomplete. NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI -0ADE) Before me, lie undersigned authority, personally appeared �p �`s+�'� the Afiant, who being first by me duly swoR did swear w affirm Net he/she executed this Affidavit for the purposes staled therein and that it is We and Correri. STATE OF FLORIDA COUNTY OFMIAMI -DADE) Befae me, the undersigned authority, personally appeared -�� rT' `��I�Ne Afianl, who being first m duly swan, did swear or affirm that ha<she exazled this Affidavit for the purposes stated herein and that it is We and correct. SWORN TO A_NO SUBSCRILED beforme_& ✓y davno fy� 2tp GARY IAN NESBITT Notary Public - State of Florida My Comm. Expires Oct 29, 2011 Commkslon ♦ EE 847259 STATE OF FLORIDAW-qr�' - - - - COUNTY OF MIAMI -DADE) Befae me, the undersigned authority, personally apPeered �- execufed this Affidavit for the purposes stated therein and that It Is true and correct. _ lam_ ary ,uU is 1 of Fl da Al Large i — Prinled Name of Notary My commission expires: SWORN TO AND SUBSCRIBED before me This _ day of ___, 200-. Tea Affront, who being first by me duly swan, did swear or affirm that he/she AFRANT Notary Public Stele of Florida At Large Purled Name of Notary My commission expires:__ STATE OF FLORIDA ) COUNTY OF MIAMI -DADE) Before me, the undersigned authority, personally appeared _ Ne Allard, who being first by me duly sworn, did swear affm that he/she executed this Affidavit for the purposes slated Herein and that it is true and correct SWORNTOAND SUBSCRIBED before me this —day of _,200_ AFFIANT Notary Pubic Slate of Florida Al Large Printed Name of Notary My commission expires:___. ANT SWORN TO AND SUB SCRIBED before me this ��day of t��" -4,? SUS A^3 C�I� a Pubfic SlaleofFlonda Al Large T MY G. hp ssli N a FF 129MI 'z Printed Name of Notary N. BcsdedXPIRES' July 23, 2018 � f,n yaa7 Public llliEemlers My comussion expires:__ _._.__. -... - - --- STATE OF FLORIDA COUNTY OFMIAMI -DADE) Befae me, the undersigned authority, personally appeared -�� rT' `��I�Ne Afianl, who being first m duly swan, did swear or affirm that ha<she exazled this Affidavit for the purposes stated herein and that it is We and correct. SWORN TO A_NO SUBSCRILED beforme_& ✓y davno fy� 2tp GARY IAN NESBITT Notary Public - State of Florida My Comm. Expires Oct 29, 2011 Commkslon ♦ EE 847259 STATE OF FLORIDAW-qr�' - - - - COUNTY OF MIAMI -DADE) Befae me, the undersigned authority, personally apPeered �- execufed this Affidavit for the purposes stated therein and that It Is true and correct. _ lam_ ary ,uU is 1 of Fl da Al Large i — Prinled Name of Notary My commission expires: SWORN TO AND SUBSCRIBED before me This _ day of ___, 200-. Tea Affront, who being first by me duly swan, did swear or affirm that he/she AFRANT Notary Public Stele of Florida At Large Purled Name of Notary My commission expires:__ STATE OF FLORIDA ) COUNTY OF MIAMI -DADE) Before me, the undersigned authority, personally appeared _ Ne Allard, who being first by me duly sworn, did swear affm that he/she executed this Affidavit for the purposes slated Herein and that it is true and correct SWORNTOAND SUBSCRIBED before me this —day of _,200_ AFFIANT Notary Pubic Slate of Florida Al Large Printed Name of Notary My commission expires:___. QLBUSINESS RELATIONSHIP AFFIDAVIT* W This Affldn't Is made pursuant to Section 31- 71(b)(2)(f) of the City of Avenlura Land Development Code. The undersigned Affant hereby discloses that (mark wilh'x' applicable portions only) �1. Affiani does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which the application will be presented. ] 2 A(fanl hereby discloses that it does have a Business Relationship with a member of the City Commission or a City Advisory Board to which the application will be presented, as follows: (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship is as follows: p i. Member of City Cornmisslon or Board holds an ownership interest in excess of 1 %of total assets or capital stock of Applicant or Representative; (] it, Member of City Commission or Board Is a partner, co-shareholder (es to shares of a corporation which are not listed on any national or regional stock exchange) or joint venturer with the Applicant or Representative In any business venture; ]iii. The Applicant or Representative Is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the same employer as the member of the City Commission or Board; I ] iv. A City Commissioner or Board member is a Client of the Appl'icanl or Representative; 1 ]v. The Applicant or Representative is a Customer of the member of the City Commission or Board (or of his or her employer) and transacts more than $10,00D.00 of the business of the member of the City Commission or Board (or his or her employer) in a given calendar year, []vi. The member of the City Commission or Board is a Customer of the Applicant or Representative and transacts more than $25,000.00 of the business of the Applicant or Representative in a given calendar year. WITNESS MY HAND THIS t DAY OF T ` 2001 K APPLICANT: WITNESSMY HAND THIS DAY OF 200 �y PROPERTY 'The terms 'Business Rela000ship,' 'Client," Vuslomer," Applicant, "'Representative" and 'Interested Person" are de(ned in Section 2 -395 of tire Aventura City Code. WITNESS MY HAND THIS 7K= DAY OF TM�TER206�'.� REPRESE : is on Business Relationship Affidavit) By: (Signature) y: (Signature Name: /'i/lJdA&e 6RSC.Oint) Name:sV-so o'- LjEJSLAO Title: (Print) Tdle: (Print By; (Signature) Name: Print Name: N )S (Print Title: C6n (Prim) Title: Vt. 15;1 111` QN"Pnnr) By: (Signature) Name: (Print Title: (Print) By; (Signature) Title: (Print Title: (Print) BY - (Signature) Title: (Print) By; (Signature) Title: (Print) rue: (Print) By: (Signature Name: (Print (Signature Title: (Print) Title: (Print) By; (Signature Title: (Print) Title: (Print) (Signature Title: (Print) NOTE: 1) Use duplicate sheets if disclosure information for Representative varies 2) Applicants and Affiants are advised to timely supplement this Affidavit pursuant to Sec. 3 1-7 1 (b)(2)(iv) of the City's Land Development Regulations in the City Code, in the event that prior to consideration of the application by the City Board or Commission, the information provided in the Affidavit becomes incorrect or incomplete. NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI-DADE) r Betas ma, the undersigned authority , personally appearedmAcm The Affianl, executed this Affidavit for the purposes staled heren and III d is [Me and WRecL SWORN TO AND SUBSCRIBED before me; his day oilftl1H0_., 2014 of Notary STATE OF FLORIDA ) COUNTY OF MIAMI -0PDE) did swear or affirm that he/she O.P" aW, Notary Pudic State of Florida ? M Haifa Nak (� My COmmiaaion EE12571 apd• Expires 08130 /2015 .._ .......... _ I Before me, the under signed authority, personally appeared "A �4 660,18t N I, who being first by me duly swan did swear or affirm that he /she executed this Ali fathe purposes staled herein and lhalills treeandmmact. AM "6 _ / p��,, ,.-- 11�,,,,,, IANT SWORN TOAND SUBSCRIBED before me This $)= dayof4�., piP'' aW. Notary Pudic State of Florida al1,1 1111 1 ? `F Haifa Oak li ;s My Commission 11 125786 No �ubli lel� fFl Of Large +� ' Eapaea 0a/3012015 STATE OF FLORIDA ) COUNTY OF MIAMI DADE) Betas me, the undersigned authority, personally appeared 'i, f F.; meculod this Affidavit for the purposes slated therein and that it Is true and correct. SWORN TO AND SUBSCRIBED before me This? day orkL4"2411 Printed Name o My commissim me duly sworn, did swear or rhino that he/she �.��' Notary Pudic State of Florida Haifa Adak yp �P My Commission EE125786 •ft Expires 0&30/2015 STATE OF FLORIDA J COUNTY OF MIAM(-0ADE) Betas me, he undersigned authority, personally appeared 14A�7AFFIANT Nfianl, b being first by me duty swan, did swear a affirm hat he /she executed his Affdavll for the purposes stated herein and Nat it is he and correct. Q�j t _ SWORN TO AND SUBSCRIBED before me this l day ofdeLYaYJ . O _ $`�� Notary Pudic State of Florida Heifer Allak My Commission EE 125788 No Pollii a lod Al largepn Expires 05130 /2015 Printed Name of Notary Y� My commissien expires:1W3Q 1Jr BUSINESS RELATIONSHIP AFFIDAVIT* This Affidavit Is made pursuant to Section 31- 71(b)(2)(ii) of the City of Aventura Land Development Code. The undersigned AKant hereby discloses that: (mark with'i appllcalee portions only) 1 1. Afllant does not have a Business Relationship with any member of the City Commission or any City Advisory Board to which the application will be presented. ) 2 Affanl hereby discloses that it does have a Business Relationship with a member of the Cily Commission or a City Advisory Board to which the application will be presented, as follows: (List name of Commissioner or Advisory Board Member) who serves on the (List City Commission or City Advisory Board upon which member serves). The nature of the Business Relationship is as follows: Member of City Commission or Board holds an ownership interest in excess of 1 %of, total assets or capital stock of Applicant or Representalive; O il. Member of City Commission or Board Is a partner, co-shareholder (as to shares of a corporation which are not listed on any national or regional stock exchange) or joint venturer with the Applicant or Representative in any business venture; p iii. The Applicant or Representative is a Client of a member of the City Commission or Board or a Client of another professional working from the same office or for the sane employer as the member of the City Commission or Board; (]iv. A City Commissioner or Board member is a Client of the Applicant or Representative; (] v. The Applicant or Representative is a Customer of the member of the City Commission or Board (or of his or her employer) and transacts more than $10,000.00 of the business of the member of the City Commission or Board (or his or her employer) in a given calendar yea r, (] vi. The member of the City Commission or Board is a Customer of the Applicant or Represenlalive and transacts more than $25,000,00 of the business of the AppiicanborRepresentative in agiven calendar year. n$r e � WITNESS MY HAND THIS ` DAY OF .20 ( . APPLICANT: WITNESS MY HAND THIS 6 DAYOF D164�— PROPERTY 0 By: (signature) Nanne' _Pint) Title: (Print) 'The terms "Business Relalyonship' "Client," 'Customer, " Applicant," "Representative" and "Interested Person" are defined in Section 2 -395 of the Aventura City Code. WITNESS MY HAND THIS o = DAY OF EM , 206 REPRE ENTATIVE: (listed on Business Relationship Affidavit) 8. (SignamreJ By: (Signature Na USArfF ��15 (cam Name: (Prim) Title:.P0- 16f1Ne�L (Pont) Title: (Print) Title: (Print) Tide: By: (Signature) By: (Signature Name: (Print) Name: (Print) Tilly (Print) Title: (Print) By: (Signature) Title: Name: (Print) Title: (Print) By. (Signature) (Print) Title: (Print) Tide: (Print) By: (Signature) By (Signature) Tide: (Print) By: (Signature Name: (Print) j By: (Signature i Title: (Print) Title: (Print) By: (Signature Title: (Print) Title: (Print) By: (Signature Title: (Print) Tide: (Print) NOTE: 1) Use duplicate sheets if disclosure information for Representative varies 2) Applicants and Affiants are advised to timely supplement this Affidavit pursuant to Sec. 31- 71(b)(2)(iv) of the City's Land Development Regulations in the City Code, in the event that prior to consideration of the application by the City Board or Commission, the information provided in the Affidavit becomes incorrect or incomplete. NOTARIZATION PROVISION STATE OF FLORIDA ) COUNTY OF MIAMI -DADE) Befae me, the undersigned authorty, personally appeared Sl{fO.hA. IPanl, who being first by me swan did swear a aff m diet he(she exeeuled this Affidavit fa the purposes staled Ihaein and Nat it is We and correct. y.�.JNNTI SWORN TO AND SUBSCRIBED before me this V—day of 20a� rd:E Notary Pudk State of Fiprida Haifa Apak (also or 11 a My Com mission EE125786 oezpkes08130 @015 Printed Nameef Notary _,..,(__ I— _ , STATE OF FLORIDA ) COUNTY OF MIAMI -DARE) Before ma the undersigned authority, personalty appeared _ the Afisnl, who being first by me duly swan did swear or affirm that he/she executed this Alfdaml fa the purposes stated therein and that it is he and correct. AFFlANT SWORN TO AND SUBSCRIBED before me this __day or,_ 200. Notary Public Slate of Florida Al Large Printed Name of Notary My commission expires: STATE OF FLORIDA ) COUNTY OF MIAMI -0AOE) Befae me, the undersigned authaity, personally appeared _ _ the Affiant, who being first by are duly swan, de/ swear or affirm that he/she meculsd [his Affidavit fa the purposes slated therein and that it Is We and correct. SWORN TO AND SUBSCRIBED before me this __day of 200 _. STATE OF FLORIDA ) COUNTY OF MIAMI -DADE) Before me, the undersigned authority, personally appeared _- executed this Affidavit fa the purposes staled therein and Nat it is he and correct SWORN TO AND SUBSCRIBED before over this —day of -,200_ AFFlANT Notary Public Stale of Florida At Large Pe/1led Name of Nolary My commission expires:_,_._. the ATfianl, who being first by me duty swan, did swear ur al6nn that he/she AFFlANT Notay Pubic Slate of Florida Al Large Printed Name of Notary My commission expire c 3rATECFRDRC% I CUtbiii OF M0V94MLEi e:N•ray,1t•mia:ge4s�a1?. ;asar3taFparr��JY[iSL'?'! ��°��:rr.. G°t �i rs r�swm. ae�rvn'ir#sataeux srr+a aaaf66s+ta'Sapemsrkd ssx'r. xi sseatrxerl� av 1 + 5.s MIRIAMEOIEM ${1'WG �x�n�; SfR¢ �vaee!bZ �.2Y Ur.FIyJfJ �Y._ \ <,. Nola,v Public - Stage of REFM� `.1 _ ' F My coinm txpires Feb 2, 2017 ss!. a:�A:.•. +�_. 'annnss,on M EE 353616 Cm my —�— } i ta» 1Fui�K?e} aisoMe�it785 Dixon Aaeahti��d aea}i1P, x.a.-v3 �s =�•a� = *. JpdP:'1`S �SS�Y19(MN+'15'}4�39�I3d��]i' lL 3ti l.'�AS :ViE'Id4tl1_C4 • t F'eAr�r 20 1 . AA. STATE OF ,.fIMy r'— Ce:'B Ca R:s�J^,xy e( �� 1�V�r.� ' oI '. Q � ••��a� •••1 MIRIAM EISENNotary Public - State of Florida M ell '1�/My Comm. Expires Feb 2, 2017 +'�a.'ur1>�•rp2:: neCi.ACS> AN2virnh: AE:h`� -'s sklz3 *�"? d�4ffi 2'3 eve Td �E'vC .marjr =tsrx Rtk S Is "�- F-. 1. ALLB'90 Fza! Nareaf lk: - liymimisAnerFlreS' 5'.A _6FLJ1'AlA } xtlIIy �FiCxl9:l1DE1 �i•w„P.a Eeesacat xE: WITNESS My HAND THIS ) r7 DAY OF F 200.5 REPRES "-izl, esa Relationship Affidavit) gy; gnature) By: ( Signafure nnU Name: (PnnU Title: pfoR. `"" ��n'�- (Pmt) Tide: (Py") fly, (Srgnamre) Nane! _ (Poind Tile:_. _ (Rif)) By; (Synalwe) Name. 1pmd) rue: (Pr nU By (Signalure) Title:--(Pont) Tide: (Pflnl) By; (Signaturee) Ttle: (PnnU By: (Slgnatmo TIM: -07w) By: (Signature Name: (Wynl) Tdle: (PnnU By: (Slgnatu e Nance: (R'inU row: (P hu9 By (Slgnalure Tige: (Wing By; (Signature Title: (PrurU oy; (Sk)alme Tple; (PnnU NOTE: 1) Use duplicate sheets if disclosure information for Representative varies 2) Applicants and Affams are advised to timely supplement this Affidavit pursuant to Sec. 71- 7I(b)(2)(iv) of the City's Land Development Regulations in the City Code. in the event that prior to consideration of the application by the City Posed or Commission, the information provided in the Atrdavit becoincs incorrect or incomplete. 1 i RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA GRANTING APPROVAL OF A VARIANCE FROM SECTION 31- 144(e)(4)c.2. OF THE CITY'S LAND DEVELOPMENT REGULATIONS TO ALLOW A FLOOR AREA RATIO OF 1.41, WHERE A FLOOR AREA RATIO OF 1.39 IS PERMITTED BY CODE, FOR THE `ONE AVENTURA EXECUTIVE CENTER' CONDOMINIUM OFFICE BUILDING AT 20900 NE 30 AVENUE, CITY OF AVENTURA; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the property described herein is zoned OP, Office Park District; and WHEREAS, the applicant, Royce Corporation, a Florida Corporation, is requesting Variance from Section 31- 144(e)(4)c.2. of the City's Land Development Regulations to allow a floor area ratio of 1.41 where a floor area ratio of 1.39 is permitted, to facilitate the construction of a 2180 square foot office mezzanine level in Unit 102 of the One Aventura Executive Center at 20900 NE 30 Avenue, City of Aventura; and WHEREAS, following proper notice, the City Commission has held a public hearing as provided by law; and WHEREAS, the City Commission finds that the Variance Application meets the criteria of the applicable codes and ordinances, to the extent the Variance Application is granted herein; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Application for a Variance from Section 31- 144(e)(4)c.2. of the City's Land Development Regulations to allow a floor area ratio of 1.41 where a floor area ratio of 1.39 is permitted, to facilitate the construction of a 2180 square foot office mezzanine level in Unit 102 of the One Aventura Executive Center at 20900 NE 30 Avenue, City of Aventura, on property legally described as follows: Condominium Unit 102, ONE AVENTURA EXECUTIVE CENTER, a Condominium, according to the Declaration of Condominium thereof, as recorded in Official Records Book 25576, Page 4562, as amended from time to time, of the Public Records of Miami -Dade County, Florida, City of Aventura, is hereby granted, subject to the following conditions: City of Aventura Resolution No. 2015 - Page 2 1. Plans submitted for permitting shall substantially comply with those submitted with this application for variance, as follows: • "Royce Corp. One Aventura, NE 30 Ave, Aventura, Florida 33180 ", Sheet A -001, prepared by Merenfeld Weisleder LLC, dated 1/20/15, signed and sealed 2/2/15. • 'Royce Corp. One Aventura, NE 30 Ave, Aventura, Florida 33180 ", Proposed Design, Sheet A -002, prepared by Merenfeld Weisleder LLC, dated 1/20/15, signed and sealed 2/2/15. 2. Permits shall be obtained within twelve (12) months of the date of the Resolution or the approvals granted shall be deemed null and void unless extended by a motion of the City Commission. Section 2. The City Manager is authorized to cause the issuance of permits in accordance with the approvals and conditions herein provided and to indicate such approvals and conditions upon the records of the City. Section 3. This Resolution shall become effective immediately upon its adoption. Section 4. Issuance of this development order by the City of Aventura does not in any way create any right on the part of an applicant to obtain a permit from a state or federal agency and does not create any liability on the part of the City of Aventura for issuance of the development order if the applicant fails to obtain requisite approvals or fulfill the obligations imposed by a state or federal agency or undertakes actions that result in a violation of state or federal law. All applicable state and federal permits must be obtained before commencement of the development. This condition is included pursuant to Section 166.033, Florida Statutes, as amended. 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 Enbar Cohen Commissioner Denise Landman Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman City of Aventura Resolution No. 2015 -, Page 3 PASSED AND ADOPTED this 3'd day of March, 2015. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Resolution was filed in the Office of the City Clerk this _ day of , 2015. CITY CLERK CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission FROM: Eric M. Soroka, ICMA -CM, City Manager BY: Brian K. Raducci, Finance Director DATE: February 20, 2015 SUBJECT: Mid -Year Ordinance Amending 2014/15 Budget 15S Reading March 3, 2015 City Commission Meeting Agenda Item —7 2nd Reading April 7, 2015 City Commission Meeting Agenda Item RECOMMENDATION It is recommended that the City Commission approve the attached Ordinance amending the 2014/15 budget. The total amount of each fund's budget amendment is outlined below. BACKGROUND As you may be aware, the City normally amends the budget to recognize actual fund balance amounts carried over based on the prior year's audit. In addition, current year budget amounts are amended to re- appropriate the balances in capital outlay projects which were not 100% complete by the end of the prior fiscal year. The need to re- appropriate unspent capital accounts and to recognize the actual fund balances at September 30, 2014 to the 2014/15 budget will also be addressed in my memorandum which will accompany the Commission's electronic package containing the Comprehensive Annual Financial Report. GENERAL FUND (001) REVENUES /EXPENDITURES — $ 602,475 To recognize additional Carryover to fund the items described below. To re- appropriate $ 622,186 worth of capital outlay projects which were not 100% complete by the end of the prior fiscal year as follows: a. computer equipment $ 518,153 b. equipment —other 49,033 c. community garden 25,000 d. art in public places 30.000 Total 6$ 22.186 2. To decrease Non Departmental/Transfers to the debt service funds by $ 19,711 in order to recognize and utilize actual fund balances from the two- related debt service funds described below, based on the prior year's audit. SPECIAL REVENUE FUNDS POLICE EDUCATION FUND (110) REVENUES /EXPENDITURES — $ 1,120 To recognize and re- appropriate the actual fund balance amount carried over based on the prior year's audit. STREET MAINTENANCE FUND (120) REVENUES /EXPENDITURES — $ 812,540 To recognize additional Carryover to fund the two (2) projects below (items a. and b.) as well as increase the capital reserve (item c.): a. NE 185`" St. Turning Lane Modifications $ 225,000 b. Country Club Drive Path Asphalt Repairs 90,000 c. Capital Reserve 497,540 Total 812,540 911 FUND (180) REVENUES /EXPENDITURES — ($ 19,720) To adjust the actual fund balance amount carried over based on the prior year's audit. DEBT SERVICES FUNDS DEBT SERVICE FUND SERIES 2010 & 2011 (230) REVENUES — $ 0 (Revenue Reclassification of $ 12,205 — Net effect is $ 0) To recognize and re- appropriate the actual fund balance amount carried over based on the prior year's audit and to reduce the transfer from the General Fund, respectively by $ 12,205 for a net effect of $ 0. DEBT SERVICE FUND SERIES 2012, Charter School Land (250) REVENUES — $ 0 (Revenue Reclassification of $ 7,506 — Net effect is $ 0) To recognize and re- appropriate the actual fund balance amount carried over based on the prior year's audit and to reduce the transfer from the General Fund, respectively by $ 7,506 for a net effect of $ 0. 2 CAPITAL PROJECTS FUND (392) REVENUES /EXPENDITURES — ($ 456,185) To adjust the following items: a. Reduce carryover amounts (for both Public Safety and Community Services) to their actual amounts as determined by the prior year's audit • Public Safety — ($ 443,993) • Community Services — ($ 12,192) b. The TVMS Upgrades project is a project that will be completed in phases and as such we are reducing this year's project appropriation by $ 442,500 to cover only that portion which we anticipate funding during FY 2014/15. Any additional funding that may be required to complete various phases, will be budgeted / reappropriated at that time. c. Reduce capital reserves amounts (for both Public Safety and Community Services) to their actual amounts as determined by the prior year's audit • Public Safety — ($ 1,493) • Community Services— ($12,192) If you should have any questions related to this memorandum, please feel free to contact the City Manager. 77;716 K ORDINANCE NO. 2015- AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2014 -10 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2014/2015 FISCAL YEAR BY REVISING THE 2014/2015 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, upon the periodic review and analysis of current budgetary commitments and obligations, and based upon the projected needs and requirements of the City and upon the recommendations of the City Manager (and the concurrence of the Finance Director as to Accounting Principles), it is deemed necessary to adjust, amend and implement the 2014/2015 Operating and Capital Budget as set forth in Exhibit "A" attached hereto and made a part hereof. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. The recitals contained in the preamble to this Ordinance are incorporated by reference herein. Section 2. The City Commission hereby authorizes the amendment of Ordinance No. 2014 -10, which Ordinance adopted a budget for the 2014/2015 fiscal year, by revising the 2014/2015 budget as set forth on the attached Exhibit "A" which exhibits are deemed incorporated by reference as though set forth in full herein. Section 3. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Ordinance. City of Aventura Ordinance No. 2015 -_ Page 2 Section 4. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading and shall be applicable retroactively from and after October 1, 2014. The foregoing Ordinance was offered by Commissioner who moved its adoption on first reading. This motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Enbar Cohen _ Commissioner Denise Landman _ Commissioner Marc Narotsky Commissioner Robert Shelley Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman The foregoing Ordinance was offered by Commissioner who moved its adoption on second reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Enbar Cohen _ Commissioner Denise Landman _ Commissioner Marc Narotsky Commissioner Robert Shelley _ Commissioner Howard Weinberg Vice Mayor Teri Holzberg Mayor Enid Weisman PASSED AND ADOPTED on first reading this 3'd day of March, 2015. City of Aventura Ordinance No. 2015 -_ Page 3 PASSED AND ADOPTED on second reading this 7'h day of April, 2015. ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY MAYOR ENID WEISMAN Exhibit A FY 2014115 Budget Amendments GENERAL FUND (001) 201/1$ 201415 IECT ADOPTED AMENDED- yc- nwen_nev. n..nn� aw..u... Non - Revenue 3999000 Carryover $ 16,414,538 $ 602,475 $ 17,017,013 SUBTOTAL $ 16,414,538 $ 602,475 $ 17,017,013 Total Amendments - Revenues $ 602,475 Expenditures Capital Outlay /Information Technology (8012 -513) 6401 Computer Equipment >$5,000 $ 227,400 $ 371,498 $ 598,898 SUBTOTAL $ 227,400 $ 371,498 $ 598,898 Capital Outlay /Public Safety (8020 -521) 6401 Computer Equipment >$5,000 $ 263,352 $ 1,510 $ 264,862 6402 Computer Equipment <$5,000 149,612 55,000 204,612 6410 Equipment >$5,000 139,497 49,033 188,530 SUBTOTAL $ 552,461 $ 105,543 $ 658,004 K, fry: SUBTOTAL Capital Outlay /Community Services (8050 - 539/5411572) 6310 Aventura Founders Park $ 28,000 $ 25,000 $ 53,000 SUBTOTAL $ 28,000 $ 25,000 $ 53,000 Non - Departmental -(8090 -5901 6454 Art in Public Places $ - $ 30,000 $ 30,000 SUBTOTAL $ - $ 30,000 $ 30,000 Non Departmental/Transfers (9001 -581) 9123 Transfer to 1999 Debt Service Fund (230) $ 1,199,453 $ (12,205) $ 1,187,248 9125 Transfer to 2012 Debt Service Fund (250) 403,912 (7,506) 396,406 SUBTOTAL $ 1,603,365 $ (19,711) $ 1,583,654 Total Amendments - Expenditures $ 602,475 Page 1 of 3 Exhibit A POLICE EDUCATION FUND (110) 2014115 2014115 2014fib ' OBJECT ADOPTED AMENIM R CODE CATEGORY BUDGET AMOUNT Non- Revenue 3999000 Carryover $ - $ 1,120 $ 1,120 SUBTOTAL $ - $ 1,120 $ 1,120 Total Amendments - Revenues $ 1,120 Expenditures Public Safety (2001 -521) 5450 Training $ 7,000 $ 1,120 $ 8,120 SUBTOTAL $ 7,000 $ 1,120 $ 8,120 Total Amendments - Expenditures $ 1,120 TRANSPORTATION AND STREET MAINTENANCE FUND (120) Expenditures Community Services (5001 -5411 6314 NE 185th St. Turning Lane Modifications $ $ 225,000 $ 225,000 6315 Country Club Drive Path Asphalt Repairs 90,000 90,000 6999 Capital Reserve 685,315 497,540 1,182,855 SUBTOTAL $ 685,315 $ 812,540 $ 1,497,855 Total Amendments - Expenditures $ 812,540 911 FUND (180) 2014/15 OBJECT ADOPTED CODE CATEGORY BUDGET Non - Revenue 3999000 Carryover $ 65,000 $ (19,720) $ 45,280 SUBTOTAL $ 65,000 $ (19,720) $ 45,280 Total Amendments - Revenues $ (19,720) Expenditures Public Safety (2001 -521) 6999 Capital Reserve $ 30,200 $ (19,720) $ 10,480 SUBTOTAL $ 30,200 $ (19,720) $ 10,480 Total Amendments - Expenditures $ (19,720) Page 2 of 3 2014115 2614115 ,*W5 OBJECT ADOPTED 'AMENDED CODE CATEGORY BUDGET AMOUNT DGET Revenues Non- Revenue 3999000 Carryover $ 1,400,940 $ 812,540 $ 2,213,480 SUBTOTAL $ 1,400,940 $ 812,540 $ 2,213,480 Total Amendments - Revenues $ 812,540 Expenditures Community Services (5001 -5411 6314 NE 185th St. Turning Lane Modifications $ $ 225,000 $ 225,000 6315 Country Club Drive Path Asphalt Repairs 90,000 90,000 6999 Capital Reserve 685,315 497,540 1,182,855 SUBTOTAL $ 685,315 $ 812,540 $ 1,497,855 Total Amendments - Expenditures $ 812,540 911 FUND (180) 2014/15 OBJECT ADOPTED CODE CATEGORY BUDGET Non - Revenue 3999000 Carryover $ 65,000 $ (19,720) $ 45,280 SUBTOTAL $ 65,000 $ (19,720) $ 45,280 Total Amendments - Revenues $ (19,720) Expenditures Public Safety (2001 -521) 6999 Capital Reserve $ 30,200 $ (19,720) $ 10,480 SUBTOTAL $ 30,200 $ (19,720) $ 10,480 Total Amendments - Expenditures $ (19,720) Page 2 of 3 Exhibit A DEBT SERVICE FUND SERIES 2010 & 2011 (230) 2014115 - 2014M5 :,,'a"2$74115 OBJECT ADOPTED' AMENDED CODE CATEGORY BUDGET AMOUNT BUDGET' Non - Revenue 3811001 Transfer from General Fund $ 1,199,453 $ (12,205) $ 1,187,248 3999000 Carryover - 12,205 12,205 SUBTOTAL $ 1,199,453 $ $ 1,199,453 Total Amendments - Revenues $ DEBT SERVICE FUND SERIES 2012 CHARTER SCHOOL LAND ACQUISITION (250) 2014115 20WIS Iowa OBJECT ADOPTED AMENDED ROMED CODE CATEGORY BUDGET ANMX* T Non - Revenue 3811001 Transfer from General Fund $ 403,912 $ (7,506) $ 396,406 3999000 Carryover - 7,506 7,506 SUBTOTAL $ 403,912 $ - $ 403,912 Total Amendments - Revenues $ CAPITAL PROJECTS FUND (392) 2014115 2014115 2014115 OBJECT ADOPTED AMENDED EF1 CODE CATEGORY BUDGET AMOUNT BUDGET Non - Revenue 3999000 Carryover - Public Safety $ 469,891 $ (443,993) $ 25,898 3999000 Carryover- Community Services 1,045,933 (12,192) 1,033,741 SUBTOTAL $ 1,515,824 $ (456,185) $ 1,059,639 Total Amendments - Revenues $ (456,185) Expenditures Public Safety (2001 -521) 6320 TVMS Upgrades $ 1,200,000 $ (442,500) $ 757,500 6999 Capital Reserve - Public Safety 27,391 (1,493) 25,898 Community Services (5001 -521) 6999 Capital Reserve - Community Services 923,433 (12,192) 911,241 SUBTOTAL $ 2,150,824 $ (456,185) $ 1,694,639 Total Amendments - Expenditures $ (456,185) Page 3 of 3 MIAMI DAILY BUSINESS REVIEW Published Daily except Saturday. Sunday and Legal Holidays Miami, Miami -Dade County, Florida STATE OF FLORIDA COUNTY OF MIAMI -DADE: Before the undersigned authority personally appeared M. ZALDIVAR, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review f/k/a Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Miami -Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of CITY OF AVENTURA - PUBLIC HEARING - MARCH 3, 2015 APPLICANT NAME/NO: ROYCE CORPORATION (01- VAR -15) in the XXXX Court, was published in said newspaper in the issues of 02/17/2015 Affitu t further says that the said Miami Daily Business Review is a newspaper published at Miami in said Miami -Dade County, Florida and that the said newspaper has heretofore been continuously published in said Miami -Dade County, Florida, each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami in said Miami -Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he or she has neither paid nor promised any person, firm or corporation any discount, rebate, co mission or refund for the purpose of securing this gdWrjement for publication in the said before me this 17 1da�EBRUARY �, AAAQ). 2015 (SEAL) M. ZALDIVAR ��uefZ�j j NpCW47 CITY OF AVENTURA NOTICE OF PUBLIC NEARING Date and Time of Public Hearing: Tuesday, March 3, 2015 6:00 p.m. Applicant Name/Number: Royce Corporation (01- VAR -15) Applicant Request: Variance Approval to permit a floor area ratio of 1.41, where a floor area ratio of 1.39 is permitted by City Code, for the One Aventura Executive Center condominium office, on property located in the OP, Office Park District. Location of Subject Property: 20900 NE 30 Avenue, Unit 102, City of Aventura Legal Description: Condominium Unit 102, ONE AVENTURA EXECUTIVE CENTER, a Condominium, according to the Declaration of Condominium thereof, as recorded in Official Records Book 25576, Page 4562, as amended from time to time, of the Public Records of Miami -Dade County, Florida, City W Aventura. Plans are on file and may be examined during regular business hours at the City of Aventura Government Center, Community Development Department, 19200 West Country Club Drive, Aventura, Florida, 33180. Plans may be modified at or before the Public Hearing. The application may change during the hearing process. The Public Hearing will be held in the City Commission Chamber at City of Aventura Government Center at 19200 West Country Club Drive, Aventura, Florida, 33180. Your comments may be made in person at the hearing or filed in writing prior to the hearing date. Refer to applicanU property on correspondence and mail same to City of Aventura Government Center, Community Development Department at the address above. For further information, please call (305) 466 -8940. In accordance with the Americans with Disabilities Act of 1990, all persons who are disabled and who need special accommodations to participate in this proceeding because of that disability should contact the Office of the City Clerk, (305) 466 -8901, not later than two business days prior to such proceedings. If a person decides to appeal any decision made by the City Commission with respect to any matter considered at a meeting or hearing, that person 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. Ellisa L. Horvath, MMC, City Clerk 2/17 15- 3- 127/2406581M