HomeMy WebLinkAboutDocumentation_Regular_Tab 10LM_7/23/1992 37-
VILLAGE OF TEQUESTA
Post Office Box 3273 • 357.Tequesta Drive
Tequesta,Florida 33469-0273 • (407)575-6200
\ Fax: (407)575-6203
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MEMORANDUM
TO: Village Council
FROM: Thomas G. Bradford, Village Manager
DATE: July 16, 1992
SUBJECT: Adoption of the Proposed Millage Rate, Computed
Rolled-Back .Millage Rate and the Date, Time and Place
of the First and Final Budget Hearings to Consider
the .Proposed Millage Rate and Tentative Budgets;
Agenda Item
These items appear on the agenda in order to meet the requirements
of State Law pertaining to budget adoption procedures. We have
followed the instructions of the Village Council upon the
conclusion of our proposed budget presentation. In this regard,
we have reduced the projected Palm Beach' County Fire-Rescue cost
to $800, 000 and reduced the millage rate accordingly.
Additionally,, pursuant to your instructions, we have taken the
resulting millage rate and increased it by 2% in order to provide
a cushion in the event of unforeseen increases in projected
expenditures or decreases in projected revenues. .
Therefore, the proposed millage rate is 6. 2296, which includes the
requested 2% cushion. The computed rolled-back millage rate is,
5.9024. The date, time and place of the First and Final Budget
Hearings to officially adopt the millage rate and tentative
budgets appear on the agenda and are Thursday, September 10 and
Thursday, September 24, 1992. These dates have been coordinated
with the Palm Beach County Commission Meetings and the Palm Beach
County School Board Meetings.
Staff recommends adoption of the items referenced herein.
TGB/krb
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