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Item C1LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: September 11, 2014 Division: Land Authority Bulk Item: Yes No X Contact / Phone #: Mark Rosch / 295-5180 Agenda Item Wording: Approval of resolution adopting the Final Budget for fiscal year 2015. Item Background: The proposed budget was reviewed by the Board on July 24, 2014. The Board approved the tentative budget on September 3, 2014 and is scheduled to approve the final budget on September 11, 2014. Advisory Committee Action: N/A Previous Governing Board Action: See above. Contract/Agreement Changes: N/A Staff Recommendation: Approval Total Cost: $ Indirect Cost: $ Cost to Land Authority: $ Approved By: Attorney X Documentation: Included: X Source of Funds: County Land Steward _. Budgeted: Yes _ No To Follow: Not Required: _. Disposition: Agenda Item RESOLUTION NO. A RESOLUTION OF THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ADOPTING A FINAL BUDGET FOR FISCAL YEAR 2015. WHEREAS, the Monroe County Comprehensive Plan Land Authority (hereinafter "Land Authority"), a land authority pursuant to section 380.0663, Florida Statutes, held a public hearing on September 3, 2014 after 5:00 PM at the Nelson Government Center on Key Largo, Monroe County, Florida, to amend and adopt a Tentative Budget for Fiscal Year 2015; and WHEREAS, the Land Authority held a final public hearing on the proposed budget on September 11, 2014 after 5:00 PM at the Harvey Government Center in Key West, Monroe County, Florida to amend and adopt a Final Budget for Fiscal Year 2015; NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY that the Budget of $18,213,376 in Attachment A be adopted as the Final Budget for Fiscal Year 2015 and is hereby adopted. PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a meeting on this 11th day of September 2014. Chairman Heather Carruthers Vice Chairman David Rice Commissioner Danny Kolhage Mayor Sylvia Murphy Commissioner George Neugent (Seal) ATTEST: Mark J. Rosch Executive Director Approved as to form and legality: Adele V. Stones, Esquire MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY Heather Carruthers Chairman ATTACHMENT A MONROE COUNTY LAND AUTHORITY FY 2016 BUDGET Budget FY 2015 Revenues: Intergovernmental TIMP - Key West ACSC 1,520,000 TIMP/Park Surcharge - FL Keys ACSC 1,500,000 TIMP/Park Surcharge - Administration 180,000 Cash Cary Forward TIMP - Key West ACSC 8,173,893 TIMP/Park Surcharge - FL Keys ACSC 631,110 Assigned/Unassigned 7,146,972 Miscellaneous Interest Income 20,000 Less 5% (958,599) Total Revenues 18,213,376 Appropriations: Salaries, Benefits, and Operating Expenses 371,200 Capital Outlay Office Equipment 10,000 Property in FL Keys ACSC 2,339,160 Property in Key West ACSC 9,693,893 ROGO Reserve 4,799,123 Grants and Aid (Mortgages) Property in FL Keys ACSC 0 Property in Key West ACSC 0 Reserves Contingency 500,000 End of Year Cash 500,000 Total Appropriations " 18,213,376