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HomeMy WebLinkAboutMinutes_Special Meeting Budget_09/13/2018 MINUTES VILLAGE OF TEQUESTA SPECIAL MEETING SEPTEMBER 13, 2018 .� CALL TO ORDER AND ROLL CALL The meeting was called to order by Mayor Abby Brennan at 5:30 p.m. A roll call was taken by Village Clerk McWilliams. Present were: Mayor Abby Brennan, Council Member Vince Arena, Council Member Laurie Brandon and Council Member Kristi Johnson. Vice- Mayor Tom Paterno was absent. 1. Director of Finance, Mr. Chris Quirk announced the Proposed Millage Rate of 6.2920, then briefly summarized the budget and stated the Proposed Operating Millage Rate Necessary to Fund the Budget would be 5.42% greater than the Rolled-Back Millage Rate of 5.9687 Mills. Mayor Brennan opened the hearing to the public however; no one came forward to speak. Mayor Brennan noted that while the Village was not raising the millage rate, she voiced interest in the Fund Balance (savings account), to which Mr. Quirk reviewed the status of the Fund Balance and noted that an accurate estimate could not be provided until the actual end of the fiscal year. Mr. Couzzo discussed how cost savings take place over the year, noted capital expenditures were a little higher this year, and that expenses were escalating at a quicker rate than incoming revenues. Mayor Brennan noted other cities were able to set increases as they generate funds by developing more and explained Tequesta is almost 95% built out making the revenue sources difficult. Mr. Quirk explained Council moved money into capital projects last year and if they had not made that move, the Fund Balance would be higher. Mr. Couzzo commented on the Village having a good history of being a cash payer and fiscal policy was that expenses could only increase by 3.62% each year to ensure enough revenue to cover expenses without going into the Fund Balance. Council Member Arena asked Mrs. Reid about implementing a wellness program and asked her to arrange a meeting with him and the broker. He then asked Council to consider a moratorium on all major construction, except crosswalks, until April or May of 2019 to give residents a break. Mayor Brennan stated this could be discussed at the next workshop. 2. Approve Proposed Millage Rate of 6.2920 Mills for fiscal year 2018/2010 MOTION: Council Member Arena moved approval to set the Proposed Millage Rate for fiscal year 2018/2019 at 6.2920 Mills; seconded by Council Member Brandon; motion carried unanimously 4-0. MINUTES — Special Meeting 09/20/17 Page 2 3. Adopt tentative 2018/2019 Budget by Motion of Council MOTION: Council Member Arena moved approval of adopting the tentative 2018/2019 Budget; seconded by Council Member Johnson; motion carried unanimously 4-0. 4. Mayor Brennan announced that the Final Budget Public Hearing for the 2018/2019 budget would take place on September 20, 2018 at 5:30 p.m. in the Village Hall. ADJOURNMENT: Council Member Arena moved to adjourn the meeting; seconded by Council Member Brandon. The motion to adjourn carried unanimously 4-0; therefore, the meeting was adjourned at 5:50 PM Respectfully submitted, � �.� m���- Lori McWilliams, MMC Village Clerk Note: These summary minutes are prepared in compliance with 286.011 F.S. and are not verbatim transcripts of the meeting. A verbatim audio record is available from the office of the Village Clerk. All referenced attachments are on file in the Village Clerk's office.