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Item D1 D.1 `, County �� � .�� y,4 ' �, "tr, BOARD OF COUNTY COMIVIISSIONERS Mayor Heather Carruthers,District 3 �1 nff `_ll Mayor Pro Tem Michelle Coldiron,District 2 The Florida.Keys` ) ��` Craig Cates,District 1 David Rice,District 4 w � Sylvia J.Murphy,District 5 County Commission Meeting September 16, 2020 Agenda Item Number: D.1 Agenda Item Summary #7340 BULK ITEM: No DEPARTMENT: Land Authority Governing Board TIME APPROXIMATE: STAFF CONTACT: Charles Pattison (305) 295-5180 5:05 P.M. BUDGET HEARING LAND AUTHORITY GOVERNING BOARD AGENDA ITEM WORDING: Public Hearing and approval of a resolution adopting the Final Budget for fiscal year 2021. ITEM BACKGROUND: No changes have been made to the proposed budget since it was last reviewed by the Board on July 27, 2020. PREVIOUS RELEVANT GOVERNING BOARD ACTION: The Board reviewed the budget on July 27, 2020 and adopted a Tentative Budget on September 3, 2020. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: Final FY 2021 Budget FINANCIAL IMPACT: Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: Current Year Portion: Budgeted: Source of Funds: CPI: Indirect Costs: Packet Pg. 160 D.1 Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: If yes, amount: Grant: County Match: Insurance Required: Additional Details: REVIEWED BY: Mark Rosch Completed 09/04/2020 11:46 AM Charles Pattison Completed 09/04/2020 11:48 AM Kathy Peters Completed 09/04/2020 11:50 AM Board of County Commissioners Pending 09/16/2020 5:05 PM Packet Pg. 161 D.1.a RESOLUTION NO. A RESOLUTION OF THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ADOPTING CD A FINAL BUDGET FOR FISCAL YEAR 2021. 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, 2020 after 5.00 PM via Communications Media Technology using a Zoom Webinar platform to amend and adopt a Tentative Budget for Fiscal Year 2021; and WHEREAS, the Land Authority held a final public hearing on the proposed budget on September 16, 2020 after 5.00 PM via Communications Media Technology using a Zoom Webinar platform to amend and adopt a Final Budget for Fiscal Year 2021; NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY that the Budget of $18,053,935 in Attachment A be adopted as the Final Budget for Fiscal Year 2021 and is hereby adopted. y PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a meetingon this 16th day of September 2020. Y p Mayor Heather Carruthers Commissioner Craig Cates Commissioner Michelle Coldiron Commissioner Sylvia Murphy Chairman David Rice (Seal) .2 ATTEST: MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY Charles Pattison David P. Rice Executive Director Chairman �- Approved as to form and legality: Adele V. Stones, Esquire Packet Pg. 162 D.1.a ATTACHMENT A MONROE COUNTY LAND AUTHORITY FY 2021 BUDGET Budget FY 2021 -71 Revenues: Intergovernmental Tourist Impact Tax -Acquisition - Key West 1,900,000 Tourist Impact Tax -Acquisition - FL Keys 1,615,000 Park Surcharge-Acquisition 306,000 T Administration -Tourist Impact Tax & Park Surcharge 219,000 Fund Balance Forward Tourist Impact Tax -Acquisition - Key West 7,305,289 Tourist Impact Tax -Acquisition - FL Keys 0 Park Surcharge-Acquisition 0 Assigned and Unassigned 7,583,853 Miscellaneous — Interest Income 75,000 Less 5% (950,207) Total Revenues 18,053,935 0 Appropriations: Salaries, Benefits, and Operating Expenses 618,684 Capital Outlay Office Equipment 10,000 Property in FL Keys ACSC 3,926,714 Property in Key West ACSC 9,205,289 ROGO Reserve 3,293,248 Reserves c Contingency 500,000 End of Year Cash 500,000 Total Appropriations 18,053,935 2 cv cv Packet Pg. 163