FL - Miami Beach: City Commission

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City Commission

Finance and Citywide Projects Committee Meeting City Hall, Commission Chambers, 3rd Floor, 1700 Convention Center Drive June 14, 2019 - 8:00 AM

Tagged Passions:finance, boards and commissions, and conventions

Commissioner Ricky Arriola, Chair Commissioner Michael G ngora, Vice-Chair Commissioner Mark Samuelian, Member Commissioner Micky Steinberg,

Alternate

John Woodruff, Liaison Morgan Goldberg, Support Staff

Visit us at www.miamibeachfl.gov for agendas and video streaming of City Commission Committee Meetings.

Tagged Passions:boards and commissions

BUDGET BRIEFING: NEW BUSINESS

Tagged Passions:business and budget

1. PRELIMINARY FISCAL YEAR (FY) 2020 GENERAL FUND BUDGET UPDATE AND PROPOSED MILLAGE RATE

Tagged Passions:budget, taxes, and Taxes

Office of Budget and Performance Improvement

Tagged Passions:budget and performance

2. FISCAL YEAR 2020 PRELIMINARY CAPITAL BUDGET

Tagged Passions:budget

Office of Budget and Performance Improvement

Tagged Passions:budget and performance

REGULAR AGENDA: NEW BUSINESS

Tagged Passions:business

3. DISCUSSION TO EXAMINE WHAT PORTION OF THE 10 MILLION PREVIOUSLY PROGRAMMED FOR THE LIGHT RAIL/MODERN STREET CAR PROJECT COULD BE REALLOCATED TO

THE 72ND STREET PROJECT May 8, 2019 - R7 A
Tagged Passions:streets and transportation

Office of Management and Budget

Tagged Passions:budget

DEFERRED ITEMS

4. DISCUSSION ON THE FOUR MOTIONS FROM THE MAYOR S 41ST STREET BLUE RIBBON COMMITTEE MADE ON MARCH 14, 2019 April 10, 2019 - C4 E Sponsored by

Commissioner Samuelian Economic Development Status: Item withdrawn by sponsor.
Tagged Passions:economic development, streets, development, and Development

5. DISCUSSION REGARDING THE VACATION OF PORTIONS OF OCEAN TERRACE, 74TH AND 75TH STREETS (THE CITY RIGHT OF WAY AREAS ) IN FAVOR OF OCEAN TERRACE

HOLDINGS, LLC AND TO REVIEW THE PROPOSED DEVELOPMENT AGREEMENT PROVIDING, AMONG OTHER TERMS, FOR THE DEVELOPER TO (1) GRANT TO THE CITY A PERPETUAL UTILITY, ROADWAY AND PEDESTRIAN ACCESS
Tagged Passions:grant, streets, utility, development, Utility, Development, and Pedestrian

Page 1 of 74

EASEMENT OVER, ACROSS AND UNDER THE CITY RIGHT-OF-WAY AREAS; AND (2) DEVELOP, DESIGN, AND CONSTRUCT, AT THE DEVELOPER S SOLE COST AND EXPENSE (EXCEPT

FOR PAYMENT OF CERTAIN CITY FEES), CERTAIN PUBLIC PARK AND STREETSCAPE IMPROVEMENTS IN THE VICINITY OF OCEAN TERRACE, BETWEEN 73RD STREET AND 75TH STREET, WITH SUCH PUBLIC IMPROVEMENTS HAVING A VALUE OF APPROXIMATELY FIFTEEN MILLION DOLLARS ( 15,000,000) March 13, 2019 - C4 F Sponsored by Commissioner Arriola Office of the City Manager/Public Works Status: Item deferred to the June 28, 2019 FCWPC meeting.
Tagged Passions:streets, streetscape, parks, Public Works, public works, administrator, manager, and easement

6. DISCUSS THE PROPOSED VACATION OF AN ALLEY IN THE NORTH BEACH TOWN CENTER CORE (TC-C) DISTRICT BETWEEN ABBOTT AVENUE AND BYRON AVENUE, FROM 71ST

STREET TO 72ND STREET, IN FAVOR OF ABBOTT AVENUE PARTNERS, LLC; PUMPS AT 71, LLC; AND 7433 COLLINS AVE CORP April 10, 2019 - C4 AH Sponsored by Commissioner Alem n Public Works Status: Item deferred to the June 28, 2019 FCWPC meeting.
Tagged Passions:streets, beach, Public Works, and public works

7. DISCUSS A PROPOSAL TO ESTABLISH A MONUMENT OR COMMEMORATIVE PLAQUE AT THE RAINBOW CROSSWALK LOCATED AT 12TH STREET AND OCEAN DRIVE May 8, 2019 -

C4 H Sponsored by Commissioner G ngora Parks and Recreation Status: Item deferred to the June 28, 2019 FCWPC meeting.
Tagged Passions:streets, parks, monuments, and recreation

8. DISCUSS A COMPOSTING PROGRAM IN NORTH BEACH SIMILAR TO THE PROGRAM AT THE MIAMI BEACH BOTANICAL GARDEN May 8, 2019 - C4 E Sponsored by

Commissioner Alem n Environment and Sustainability Status: Item deferred to the June 28, 2019 FCWPC meeting.
Tagged Passions:beach, program, Conservation, environment, and sustainability

9. DISCUSSION REGARDING THE LOCATION OF A STORAGE FACILITY AND NEW RESTROOMS FOR SOUNDSCAPE PARK January 16, 2019 - C4 I

Tagged Passions:facility and parks

Tourism and Culture Status: Item deferred to the June 28, 2019 FCWPC meeting, pending designer renderings.

Tagged Passions:tourism

10. DISCUSSION REGARDING THE ANNEXATION OF THE WESTERNMOST ISLANDS OF THE VENETIAN ISLANDS AND MAKING THEM A PART OF MIAMI BEACH, AND TO REVIEW

PROPERTY TAXES, ECONOMIC IMPACT, AND VALUE September 12, 2018 - R9 F Sponsored by Commissioner G ngora Office of the City Attorney Status: Item deferred to the June 28, 2019 FCWPC meeting.
Tagged Passions:legal, taxes, Taxes, beach, property, annexation, and property tax

11. DISCUSSION REGARDING THE ANNEXATION OF NORTH BAY VILLAGE, AND TO REVIEW PROPERTY TAXES, ECONOMIC IMPACT, AND VALUE September 12, 2018 - R9 E

Sponsored by Commissioner Arriola
Tagged Passions:taxes, Taxes, property, annexation, and property tax

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Office of the City AttorneyStatus: Item deferred to the June 28, 2019 FCWPC meeting. 12. DISCUSSION REGARDING CAPITAL APPROPRIATIONS FOR THE PROPERTY

Tagged Passions:funding and property

MANAGEMENT EMERGENCY GENERATOR June 5, 2019 - C4 A

Tagged Passions:emergency

Property Management Status: Item to be heard at the June 28, 2019 FCWPC meeting.

Tagged Passions:property

13. DISCUSSION THE INTIAL FUNDING FOR UNDERGROUNDING OF UTILITIES IN THE CITY OF MIAMI BEACH June 5, 2019 - C4 C Sponsored by Commissioner Alem n

Public Works Status: Item to be heard at the June 28, 2019 FCWPC meeting.
Tagged Passions:funding, utility, Utility, beach, streetscape, Public Works, public works, and Underground Utility cable

14. DISCUSSION REGARDING A BIOSWALE PILOT PROJECT FOR 59TH STREET WEST OF ALTON ROAD

Tagged Passions:streets

Public Works Status: Item to be heard at the June 28, 2019 FCWPC meeting.

Tagged Passions:Public Works and public works

15. DISCUSSION ON UPDATING MINIMUM WAGES ON CITY FUNDED CONSTRUCTION CONTRACTS January 16, 2019 - C4 M Sponsored by Commissioner Steinberg

Procurement/CIP Status: Item deferred to the July 19, 2019 FCWPC meeting.
Tagged Passions:construction, capital spending, contract, Capital Spending, purchasing, and minimum wage

16. DISCUSSION REGARDING THE REVIEW OF THE JULIA TUTTLE BUS RAPID TRANSIT DEMONSTRATION PROJECT May 16, 2018 - C4 R Sponsored by Commissioner

Samuelian Transportation Status: Update to be provided at the July 31, 2019 FCWPC meeting.
Tagged Passions:Public Transit and transportation

17. UPDATE ON THE PROGRESS OF THE TRAFFIC MITIGATION STRATEGY TO HELP REDUCE TRAFFIC IMPACTS OF THE CONNECTING MIAMI CONSTRUCTION PROJECT March 13,

2019 - R7 G Sponsored by Commissioner Samuelian Transportation Status: Update to be provided at the July 31, 2019 FCWPC meeting.
Tagged Passions:construction, strategic, transportation, and traffic

18. DISCUSSION REGARDING BENCHMARKING OF IMPACT FEES January 16, 2019 - C4 G Sponsored by Commissioner Alem n Economic Development Status: Item

deferred to the July 19, 2019 FCWPC meeting, pending analysis.
Tagged Passions:economic development, development, and Development

19. DISCUSSION REGARDING THE BUDGET ADVISORY COMMITTEE MOTION THAT THE CITY OF MIAMI BEACH COMPLETE A FACILITY CONDITION ASSESSMENT December 12, 2018

- C4 H Sponsored by Commissioner Samuelian Property Management
Tagged Passions:facility, budget, beach, and property

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Status: Item deferred to the June 28, 2019 FCWPC meeting, per sponsor's request.

20. DISCUSSION REGARDING THE MAY 21, 2019 YOUTH COMMISSION MOTION OF PARTICIPATING IN THE LEGISLATIVE ACTION DAYS YOUTH COUNCIL June 5, 2019 - C4 G

Sponsored by Commissioner G ngora Organizational Development Performance Initiatives Status: Item to be heard at the June 28, 2019 FCWPC meeting.
Tagged Passions:council, boards and commissions, development, performance, Development, and youth

21. DISCUSSION TO REVIEW THE MAYOR'S PANEL ON OCEAN DRIVE, SAFETY, SECURITY, AND INFRASTRUCTURE SUBCOMMITTEE'S MOTION FOR A SECRET SHOPPER PROGRAM AS

AN INVESTIGATIVE TOOL June 5, 2019 - C4 Y Sponsored by Commissioner Samuelian Office of the City Manager Status: Item to be heard at the June 28, 2019 FCWPC meeting.
Tagged Passions:security, program, administrator, and manager

22. DISCUSS THE IMPLEMENTATION OF THE MOTION MADE ON APRIL 5 BY THE HISPANIC AFFAIRS COMMITTEE April 10, 2019 - C4 AF Sponsored by Commissioner

Samuelian Marketing and Communications Status: Item deferred to the June 28, 2019 FCWPC meeting, per sponsor's request.
Tagged Passions:market, communications, and Communications

23. DISCUSS HERITAGE TREE DESIGNATION, AWARENESS CAMPAIGN AND INCENTIVE PROGRAM April 10, 2019 - C4 H Sponsored by Commissioner Alem n and

Co-Sponsored by Vice-Mayor Malakoff Environment and Sustainability Status: Item deferred to the June 28, 2019 FCWPC meeting.
Tagged Passions:program, Conservation, environment, trees, sustainability, and incentive

24. DISCUSSION REGARDING CREATING A CONNECTION BETWEEN OCEAN DRIVE AND LINCOLN ROAD THROUGH ESPANOLA WAY June 5, 2019 - C4 H Sponsored by

Commissioner Arriola Public Works Status: Item to be heard at the June 28, 2019 FCWPC meeting.
Tagged Passions:streets, Public Works, and public works

25. DISCUSSION ON MARCH/APRIL 2020 PROGRAMMING STRATEGY June 5, 2019 - C4 B Sponsored by Commissioner Arriola and Co-Sponsored by Mayor Gelber

Tourism and Culture Status: Item to be heard at the June 28, 2019 FCWPC meeting.
Tagged Passions:strategic and tourism

26. DISCUSSION REGARDING THE RENEWAL OF THE AGREEMENT WITH THE FRANCHISE HAULERS June 5, 2019 - C4 D

Public Works Status: Item to be heard at the June 28, 2019 FCWPC meeting.

Tagged Passions:Public Works and public works

27. DISCUSSION REGARDING ZERO BASED BUDGET (ZBB) EXERCISE FOR SANITATION May 8, 2019 - C4F Sponsored by Commissioner Arriola

Tagged Passions:budget and solid waste

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Public Works

Tagged Passions:Public Works and public works

Status: Item deferred to the July 19, 2019 FCWPC meeting, per request from the Commission Budget Workshop.

Tagged Passions:boards and commissions and budget

28. DISCUSSION REGARDING THE RECYCLING FEE AND BACKYARD SERVICE COST September 12, 2018 - R5 M Sponsored by Commissioner Arriola Public Works Status:

Item deferred to the July 19, 2019 FCWPC meeting, to be included as part of the Zero Based Budget Exercise for Sanitation item discussion.
Tagged Passions:budget, solid waste, Public Works, public works, and recycling

29. DISCUSSION TO REVIEW THE CITY'S FORTHCOMING STORMWATER MANAGEMENT BUDGET AS WELL AS RELATED UTILITIES, ABOVE GROUND, AND OTHER ASSOCIATED COSTS

September 12, 2018 - C4 G Sponsored by Commissioner Samuelian Public Works Status: Item deferred to the July 26, 2019 FCWPC meeting, pending information from Jacobs Engineering.
Tagged Passions:budget, utility, Utility, Public Works, public works, and stormwater

30. DISCUSSION REGARDING APPROPRIATING SERIES 2017 STORMWATER BOND PROCEEDS AND SERIES 2017 WATER AND SEWER BOND PROCEEDS TO NORTH BEACH TOWN CENTER

June 5, 2019 - C4 I Sponsored by Commissioner Arriola Public Works Status: Item to be heard at the July 26, 2019 FCWPC meeting.
Tagged Passions:sewer, utility, bond, Utility, beach, water, Public Works, public works, and stormwater

31. DISCUSSION PERTAINING TO A FUTURE PLAN FOR THE PARKING LOT ON THE NORTH SIDE OF 75TH STREET BETWEEN COLLINS AVENUE AND OCEAN TERRACE June 5, 2019

- C4 E
Tagged Passions:streets and parking

Economic Development Status: Item to be heard at the July 31, 2019 FCWPC meeting.

Tagged Passions:economic development, development, and Development

32. DISCUSSION REGARDING VACATING A PORTION OF OCEAN COURT BETWEEN THE CLEVELANDER AND ESSEX HOTELS IN FAVOR OF THE JESTA GROUP PURSUANT TO SECTION

82-37 OF THE CITY CODE TO ENABLE PEDESTRIAN BRIDGE TO LINK BOTH PROPERTIES June 5, 2019 - C4 F Sponsored by Commissioner Arriola Public Works Status: Item to be heard at the July 31, 2019 FCWPC meeting.
Tagged Passions:legal, hotel, Public Works, public works, Pedestrian, and court

33. DISCUSSION REGARDING THE BIGBELLY PROGRAM AND POTENTIAL WAYS TO SUBSIDIZE ITS COSTS October 17, 2018 - C4 I Sponsored by Commissioner Arriola

Public Works Status: Item deferred pending further discussions with Big Belly.
Tagged Passions:program, Public Works, and public works

34. DISCUSS THE DESIGN AND PLAN CONCEPT FOR THE OCEAN TERRACE NEIGHBORHOOD URBAN DESIGN PLAN BY THE CORRADINO GROUP AND REFERRING THE PROPOSED

IMPLEMENTATION PLAN FOR PRIORITIZATION
Tagged Passions:neighborhood

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AND POTENTIAL FUNDING OPTIONS December 12, 2018 - C7 AE

Tagged Passions:funding

Economic Development Status: Item deferred, pending development agreement for Ocean Terrace.

Tagged Passions:economic development, development, and Development

35. DISCUSSION REGARDING ESTABLISHING A HISTORIC PRESERVATION FUND April 11, 2018 - C4O Sponsored by Commissioner Arriola Finance/Planning Status:

Item deferred to the September 20, 2019 FCWPC meeting.
Tagged Passions:planning, finance, historic, and preservation

36. DISCUSSION ON MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION AND ITS FINANCIAL CONDITION April 10, 2019 - C4 D Sponsored by Vice-Mayor Malakoff

Office of Housing Community Services Status: Item deferred to the September 20, 2019 FCWPC meeting.
Tagged Passions:finance, development, beach, services, Development, community development, and housing

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BUDGET BRIEFING: NEW BUSINESS 1.

Tagged Passions:business and budget

COMMITTEE MEMORANDUM TO: Finance and Citywide Projects Committee Members

Tagged Passions:finance

FROM: Jimmy L. Morales, City Manager

Tagged Passions:administrator and manager

DATE: June 14, 2019

SUBJECT: PRELIMINARY FISCAL YEAR (FY) 2020 GENERAL FUND BUDGET UPDATE AND PROPOSED MILLAGE RATE

Tagged Passions:budget, taxes, and Taxes

ATTACHMENTS: Description Type Preliminary FY 2020 General Fund Budget Update and Proposed Millage Memo Memo Preliminary FY 2020 General Fund

Presentation Other
Tagged Passions:budget, taxes, and Taxes

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City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov

Tagged Passions:beach and conventions

COMMITTEE MEMORANDUM

TO: Members of the Finance Citywide Projects Committee

Tagged Passions:finance

FROM: Jimmy L. Morales, City Manager

Tagged Passions:administrator and manager

DATE: June 14, 2019

SUBJECT: PRELIMINARY FISCAL YEAR (FY) 2020 GENERAL FUND BUDGET UPDATE AND

Tagged Passions:budget

PROPOSED MILLAGE RATE

Tagged Passions:taxes and Taxes

The Preliminary FY 2020 General Fund budget based on the 2019 Estimated Taxable Values as of June 1, 2019 provided by the Miami-Dade Property

Appraiser s Office has a revenue increase of 300,000, or 0.1 percent, and expenditure increase of 5.2 million, or 1.5 percent, for a net difference of 4.9 million. The Preliminary FY 2020 General Fund budget will be updated again following distribution of the Certified Taxable Values that will be provided by the Miami-Dade County Property Appraiser s Office on July 1, 2019.
Tagged Passions:budget and property

The Preliminary Operating millage rate for FY 2020 is proposed to remain the same at 5.7288 mills while the Preliminary Voted Debt Service millage

rate for FY 2020 is proposed to be increased by 0.1338 mills from the FY 2019 Adopted Debt Service millage rate of 0.1600 to 0.2938 mills based on the 3.0 percent increase in the 2019 Estimated Taxable Values over the 2018 Certified Taxable Values as reported by the Miami-Dade County Property Appraiser s Office. This increase in the Preliminary FY 2020 Voted Debt Service millage rate is necessary to fund the first tranche totaling 153 million of the overall 439 million General Obligation (G.O.) Bond program approved by the voters on November 6, 2018.
Tagged Passions:taxes, Taxes, bond, program, and property

At the July 31, 2019 Commission meeting, the Mayor and City Commission will set the proposed millage rate for the FY 2020 budget process in

accordance with the State of Florida s Truth-in- Millage (TRIM) requirements.
Tagged Passions:boards and commissions, budget, taxes, and Taxes

GENERAL FUND CURRENT SERVICE LEVEL BUDGET UPDATE

Tagged Passions:budget

At the May 21, 2019 Commission Budget Workshop, the Mayor and City Commission was briefed regarding the Preliminary FY 2020 General Fund budget. The

preliminary budget represents the cost of providing the same level of services as in the prior year and serves as the baseline of funding for the budget development process. The Preliminary FY 2020 General Fund budget reflected a net difference of 9.5 million without any change in property tax revenues from the prior fiscal year. After accounting for all other General Fund revenues, the necessary increase in property values to balance the FY 2020 General Fund budget was estimated at approximately 5.6 percent.
Tagged Passions:funding, boards and commissions, budget, taxes, Taxes, development, services, Development, property, and property tax

Based on the 2019 Estimated Taxable Values as of June 1, 2019 provided by the Miami-Dade County Property Appraiser s Office, the City s overall

property values increased 3.0 percent over
Tagged Passions:property

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FY 2020 Preliminary General Fund Budget Update and Proposed Millage Rate June 14, 2019 Page 2

Tagged Passions:budget, taxes, and Taxes

the 2018 Certified Taxable Values, which resulted in an increase of approximately 4.7 million in General Fund property tax revenues. For FY 2020,

preliminary property tax revenues comprise approximately 54.1 percent of total General Fund revenues and are a key driver of preliminary revenues as reflected below.
Tagged Passions:taxes, Taxes, property, and property tax

Overall, preliminary FY 2020 revenues are estimated to increase 300,000, or 0.1 percent, primarily due to an increase of 4.7 million in property tax

revenues, which assumes keeping the current Operating millage rate flat at 5.7288 mills. This increase in property tax revenues for FY 2020 is, however, being largely offset by a decrease in Building, Planning, Fire, and Public Works- related permit revenues of 1.7 million, a decrease in other taxes (franchise fees and utility taxes for electricity, gas, telecommunications, etc.) of 1.5 million based on current year trends, a decrease in the use of prior year fund balance for one-time expenditures budgeted in FY 2019 of 1.1 million as set forth by Resolution 2006-26341, and a decrease in miscellaneous revenues of 92,000. These figures do not assume any change in the FY 2019 annual contributions from the City Center Redevelopment Agency (RDA) of 4.4 million (as set forth in the 4th Amendment to the Interlocal Agreement with Miami-Dade County) or Parking Fund of 1.2 million for FY 2020.
Tagged Passions:planning, budget, taxes, Taxes, utility, Utility, Telecommunications, telecommunications, Public Works, public works, property, property tax, and parking

Preliminary FY 2020 expenditures are estimated to increase 5.2 million, or 1.5 percent, primarily due to the following, of which the majority are

contractually required:

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FY 2020 Preliminary General Fund Budget Update and Proposed Millage Rate June 14, 2019 Page 3

Tagged Passions:budget, taxes, and Taxes

Items Included in Preliminary FY 2020 Expenditures

Pension Contributions 1,991,000

Tagged Passions:retirement

5 Step for Police and Fire 1,499,000

Tagged Passions:public safety

0-3 Merit Pay for all groups, except Police and Fire 794,000

Tagged Passions:public safety

1 percent Cost-of-Living Adjustment (COLA) 4/1/20 697,000

8 Increase in Medical and Dental premiums 651,000 Increase in Citywide Grounds Maintenance (20 increase - January 2020) 600,000

Increase in Internal Services Chargebacks 289,000

Tagged Passions:services

Decrease in Building-Related Operations (1,090,000)

Decrease in Public Radio System Debt Service (1,240,000)

Tagged Passions:radio

Miscellaneous Expenditures 138,000

Total 4,329,000

The preliminary FY 2020 budget also includes the annualized impact of the following additions that were approved by the Mayor and City Commission

mid-year during FY 2019:
Tagged Passions:boards and commissions and budget

FY 2019 Mid-Year Adjustments

STEAM Program 378,000 Re-organization of Tourism, Culture, and Economic Development department into two departments 221,000

Tagged Passions:economic development, development, tourism, program, STEM, and Development

Overnight Police Captain position for the Entertainment District 154,000

Tagged Passions:public safety and nightlife

Addition resources for G.O. Bond program administration 133,000

Tagged Passions:bond and program

Total 886,000

These expenditure figures do not assume additional savings from potential efficiencies and/or reductions and do not include the potential impacts of

four out of the five collective bargaining agreements currently in ongoing negotiations that are yet to be ratified between the City and the Fraternal Order of Police (FOP), Communications Workers of America (CWA), Government Supervisors Association of Florida (GSAF), and American Federation of State, County and Municipal Employees (AFSCME).
Tagged Passions:public safety, union, communications, and Communications

Page 10 of 74

FY 2020 Preliminary General Fund Budget Update and Proposed Millage Rate June 14, 2019 Page 4

Tagged Passions:budget, taxes, and Taxes

The Preliminary FY 2020 General Fund budget will be updated again following distribution of the Certified Taxable Values that will be provided by the

Miami-Dade County Property Appraiser on July 1, 2019.
Tagged Passions:budget and property

PROPOSED GENERAL FUND MILLAGE RATE

Tagged Passions:taxes and Taxes

There are two main components to the City s Total Combined millage rate, which are an Operating millage rate and the Voted Debt Service millage rate.

The Operating millage rate, which is comprised of a General, a Renewal and Replacement, and a Pay-As-You-Go (PayGo) component, funds General Fund operating and capital expenditures while the Voted Debt Service millage rate funds debt service for previously issued G.O. bonds.
Tagged Passions:funding, taxes, Taxes, and bond

On November 6, 2018, the City of Miami Beach voters approved the issuance of a 439 million G.O. Bond to fund a total of 57 capital projects citywide,

ranging from vertical construction, roadwork, park constructions and renovations, technology implementation, renewals and repairs, and underground infrastructure work. The FY 2020 Voted Debt Service millage rate would provide for funding of the first tranche totaling 153 million of the 439 million G.O. Bond program through the assessment, levy, and collection of ad-valorem tax on all property with the City and the full faith, credit, and taxing power of the City pledged to the payment of the principal and interest of the bonds issued as part of the G.O. Bond approved by the voters.
Tagged Passions:funding, construction, taxes, Taxes, capital spending, bond, beach, Capital Spending, program, Technology, parks, technology, and property

In FY 2020, the total required debt service payment is 11.8 million, which requires the levy of a Voted Debt Service millage rate of 0.2938 mills.

The FY 2020 Voted Debt Service millage rate is 0.1338 mills more than the FY 2019 Voted Debt Service millage rate of 0.1600 due to the new G.O. Bond Program. The required 11.8 million payment in FY 2020 is comprised of remaining debt service required for the City s 2011 G.O. Bonds of 4.7 million, plus 7.1 million attributed to the new G.O. Bond Program.
Tagged Passions:taxes, Taxes, bond, and program

It is important to note that the required FY 2020 Voted Debt Service millage rate is reflective of approximately 621,000 in anticipated debt service

savings resulting from refunding of the City s
Tagged Passions:taxes and Taxes

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FY 2020 Preliminary General Fund Budget Update and Proposed Millage Rate June 14, 2019 Page 5

Tagged Passions:budget, taxes, and Taxes

2003 G.O. Bonds during FY 2019 that will be carried forward and utilized to fund the required FY 2020 debt service payment for the City s outstanding

2011 and 2019 G.O. bonds.
Tagged Passions:bond

At the July 31, 2019 Commission meeting, the Mayor and City Commission will set the proposed millage rate for the FY 2020 budget process in

accordance with the State of Florida s Truth-in- Millage (TRIM) requirements.
Tagged Passions:boards and commissions, budget, taxes, and Taxes

By August 4, 2019 the City Manager will certify the proposed millage rate to the Miami-Dade County Property Appraiser. The proposed millage rate will

be included in the TRIM notices that will be mailed by the Property Appraiser on August 24, 2019. The purpose of the TRIM notice is to notify property owners of how much their property taxes could potentially increase or decrease and which governmental entity is responsible for the taxes levied.
Tagged Passions:taxes, Taxes, property, administrator, manager, and property tax

As such, the proposed millage rate effectively sets the ceiling for the millage rate during the budget process because it cannot be increased without

sending out a new TRIM notice to all property owners in Miami Beach. However, the millage rate can remain the same or be decreased throughout the remainder of the budget process until the final millage rates are adopted by the Mayor and City Commission at the second public hearing to be held on September 25, 2019 at 5:01 p.m.
Tagged Passions:boards and commissions, budget, taxes, Taxes, beach, property, hearing, and rates

CONCLUSION

The Preliminary FY 2020 General Fund budget based on 2019 Estimated Taxable Values as of June 1, 2019 provided by the Miami-Dade County Property

Appraiser s Office has a revenue increase of 300,000 and expenditure increase of 5.2 million for a preliminary net difference of 4.9 million.
Tagged Passions:budget and property

The Preliminary FY 2020 General Fund budget will be updated again following distribution of the Certified Taxable Values provided by the Miami-Dade

County Property Appraiser on July 1, 2019. Recommendations regarding balancing of the Preliminary FY 2020 General Fund budget, including revenue and expenditure refinements and reductions/efficiencies, will be discussed at the upcoming July 19, 2019 and July 26, 2019 Finance and Citywide Projects Committee (FCWPC) budget briefings. An additional Finance and Citywide Projects Committee (FCWPC) budget briefing has been tentatively scheduled for July 31, 2019, if necessary.
Tagged Passions:finance, budget, and property

At the July 31, 2019 Commission meeting, the Mayor and City Commission will set the proposed millage rate for the FY 2020 budget process in

accordance with the State of Florida s Truth-in- Millage (TRIM) requirements.
Tagged Passions:boards and commissions, budget, taxes, and Taxes

FY 2019 FY 2020 Adopted Preliminary

General 5.6298 5.6298 0.0000 Capital Renewal Replacement 0.0235 0.0235 0.0000 Pay-As-You-Go (PayGO) 0.0755 0.0755 0.0000

Total General Operating Millage 5.7288 5.7288 0.0000 Debt Service 0.1600 0.2938 0.1338

Tagged Passions:taxes and Taxes

Total Combined Millage 5.8888 6.0226 0.1338

Tagged Passions:taxes and Taxes

Inc / (Dec)

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FY 2020 Preliminary General Fund Budget Update and Proposed Millage Rate June 14, 2019 Page 6

Tagged Passions:budget, taxes, and Taxes

In September, two public hearings will be held per the State of Florida s TRIM requirements. The first public hearing scheduled on September 11, 2019

will be to adopt the tentative millage rates and budgets for FY 2020. The second public hearing scheduled on September 26, 2019 will be to adopt the final millage rates and budgets for FY 2020. Both public hearings, which will begin at 5:01 p.m., will be held in the City s Commission Chambers at 1700 Convention Drive, 3rd Floor, Miami Beach, Florida 33139.
Tagged Passions:boards and commissions, budget, taxes, Taxes, beach, conventions, hearing, and rates

JLM/JW/TOS

Page 13 of 74

1 FY 2020 General Fund Preliminary Budget

Tagged Passions:budget

Miami Beach

Tagged Passions:beach

FY 2020 Preliminary Budget

Tagged Passions:budget

2

Page 14 of 74

2 The Preliminary budget represents the cost of providing the same level of service as in the prior fiscal year

Tagged Passions:budget

Provides the baseline of funding for the upcoming budget process to which enhancements and reductions are applied

Tagged Passions:funding and budget

3

FY 2020 Preliminary General Fund Budget

Tagged Passions:budget

4

Fiscal Year 2020 Revenues 341.2M

Expenditures 350.7M

Surplus / (Gap) ( 9.5M)

Tagged Passions:surplus

Property Value Increase Necessary to Balance: 5.6

Tagged Passions:property

1.6M1 Increase in Property Value:6.3 Property Value Increase Necessary to Balance:

Tagged Passions:property

Without 1.2M contribution from Parking:

Tagged Passions:parking

With 1.2M contribution from Parking:

Tagged Passions:parking

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3 1. Assumes 1.2M transfer in from Parking Fund

Tagged Passions:parking

2. Assumes 4.4M use of RDA funds

Tagged Passions:funding

3. Does not include any enhancements or reductions

5

FY 2020 Preliminary General Fund Budget

Tagged Passions:budget

A ss

um pt

io ns

6

The Property Appraiser provides preliminary 2020 property values on June 1st and certified values on July 1st

Tagged Passions:property

Miami Beach s Preliminary Property Values: 3.0 increase

Tagged Passions:beach and property

FY 2

02 0

Pr op

er ty

V al

ue s

Normandy Shores

Miami-Dade County

Miami-Dade School Board

Tagged Passions:education

5.6 5.9 4.8

Page 16 of 74

4 7

Existing Property Value Trend Average 7 annual increase in existing property values since FY 2007

Tagged Passions:property

+ 32

.1

+ 21

.0

+ 0.

5

-1 4.

2

-6 .0

+ 1.

5

+ 5.

0

+ 7.

0

+ 9.

7

+ 12

.9

+ 10

.2

+ 9.

0

+ 5.

9

+ 2.

8

-

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

FY 2

00 7

FY 2

00 8

FY 2

00 9

FY 2

01 0

FY 2

01 1

FY 2

01 2

FY 2

01 3

FY 2

01 4

FY 2

01 5

FY 2

01 6

FY 2

01 7

FY 2

01 8

FY 2

01 9

FY 2

02 0

Bi

lli on

8

New Construction Trend

Tagged Passions:construction

-4 .8

-6 3.


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