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Item C10 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: September 11, 2015 Division: Land Authority Bulk Item: Yes No X Contact / Phone #: Mark Rosch / 295-5180 Agenda Item Wording: Approval of a resolution adopting the Final Budget for fiscal year 2016. Item Background: The draft budget was reviewed by the Board on July 27, 2015, at which time the Board discussed transferring as much as $3.4 million from the ROGO Reserve to the general appropriation for acquiring property in the Florida Keys Area of Critical State Concern. In order to provide the structure for spending this additional funding, the Board also discussed adding staff and hiring a consultant. There were no votes taken to revise the draft budget on July 27, 2015, so to date no changes have been made. Advisory Committee Action: N/A Previous Governing Board Action: See above. Contract/Agreement Changes: N/A Staff Recommendation: To be provided. Total Cost: $ Indirect Cost: $ Budgeted: Yes _ No _ Cost to Land Authority: $ Source of Funds: Approved By: Attorney X County Land Steward _ Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item C, W1 RESOLUTION NO. A RESOLUTION OF THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ADOPTING A FINAL BUDGET FOR FISCAL YEAR 2016. 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, 2015 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 2016; and WHEREAS, the Land Authority held a final public hearing on the proposed budget on September 11, 2015 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 2016; NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY that the Budget of $21,177,351 in Attachment A be adopted as the Final Budget for Fiscal Year 2016 and is hereby adopted. PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a meeting on this 11 th day of September 2015. Chairman David Rice Vice Chairman Heather Carruthers Mayor Danny Kolhage Commissioner 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 David P. Rice Chairman 1. ATTACHMENT A MONROE COUNTY LAND AUTHORITY FY 2016 BUDGET Budget FY 2016 Revenues: Intergovernmental TIMP - Key West ACSC 1,805,000 TIMP/Park Surcharge - FL Keys ACSC 1,735,000 TIMP/Park Surcharge - Administration 210,000 Fnd Balance Forward TIMP - Key West ACSC 10,409,380 TIMP/Park Surcharge - FL Keys ACSC 972,077 Assigned/Unassigned 7,140,491 Miscellaneous Interest Income 20,000 Less 5% (1,114,597) Total Revenues 21,177,351 Appropriations: Salaries, Benefits, and Operating Expenses 383,600 Capital Outlay Office Equipment 10,000 Property in FL Keys ACSC 2,162,998 Property in Key West ACSC 12,214,380 ROGO Reserve 5,406,373 Grants and Aid Property in FL Keys ACSC 0 Property in Key West ACSC 0 Reserves Contingency 500,000 End of Year Cash 500,000 Total Appropriations 21,177,351