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Item D1 D.1 Coty f � ,�� ,' BOARD OF COUNTY COMMISSIONERS �� Mayor David Rice,District 4 The Florida Keys � Mayor Pro Tem Craig Cates,District I y Michelle Coldiron,District 2 James K.Scholl,District 3 Ij Holly Merrill Raschein,District 5 County Commission Meeting September 21, 2022 Agenda Item Number: D.1 Agenda Item Summary #11000 BULK ITEM: No DEPARTMENT: Land Authority Governing Board TIME APPROXIMATE: STAFF CONTACT: Christine Hurley (305) 295-5180 5:05 P.M. Land Authority AGENDA ITEM WORDING: A Public Hearing and approval of a resolution adopting the Final Budget for fiscal year 2023. ITEM BACKGROUND: Since the July 19, 2022 budget meeting, the budget has been revised to add a Full Time Equivalent (FTE) position to assist with real estate functions related to reselling Florida Forever properties to the State of Florida. Further, the revenue projected from resales to the State has been increased from $1,252,542 to $4,481,000. The proposed budget is otherwise unchanged. PREVIOUS RELEVANT GOVERNING BOARD ACTION: The Board reviewed the budget on July 19, 2022 and expressed support for adding an FTE position. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: Resolution FY23 Final Budget FINANCIAL IMPACT: Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: Packet Pg. 163 D.1 Current Year Portion: Budgeted: Source of Funds: CPI: Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: If yes, amount: Grant: County Match: Insurance Required: Additional Details: REVIEWED BY: Dina Gambuzza Completed 08/18/2022 2:58 PM Mark Rosch Completed 08/18/2022 3:53 PM Christine Hurley Completed 08/18/2022 4:31 PM Lindsey Ballard Completed 09/07/2022 10:09 AM Board of County Commissioners Pending 09/21/2022 5:05 PM Packet Pg. 164 D.1.a RESOLUTION NO. ; CN CN A RESOLUTION OF THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ADOPTING A FINAL BUDGET FOR FISCAL YEAR 2023. A 4- 0 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 12, 2022 after 5.00 PM at the Harvey Government Center in Key West, Monroe County, Florida to amend and adopt a Tentative Budget for Fiscal Year 76 2023; and WHEREAS, the Land Authority held a final public hearing on the proposed budget on September 21, 2022 after 5.00 PM at the Nelson Government Center on Key Largo, Monroe County, Florida to amend and adopt a Final Budget for Fiscal Year 2023; and WHEREAS, the public hearing participants were also provided the option of participating in said hearings via Communications Media Technology using a Zoom Webinar platform; NOW, THEREFORE, 4- BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND 0 AUTHORITY that the Budget of $31,938,563 in Attachment A be adopted as the Final Budget for Fiscal Year 2023 and is hereby adopted. PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a meeting on this 21 st day of September 2022. Commissioner Craig Cates Commissioner Michelle Coldiron Commissioner Holly Raschein Commissioner James Scholl Chairman David Rice (Seal) ATTEST: MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY 76 M N Christine Hurley David P. Rice a Executive Director Chairman 0 Approved as to form and legality: E Gregory Oropeza, Esquire Packet Pg. 165 D.1.a ATTACHMENT A MONROE COUNTY LAND AUTHORITY FY 2023 BUDGET M Budget `q°' CN FY 2023 Revenues: Intergovernmental CU Tourist Impact Tax - Restricted - Key West 2,634,201 U Tourist Impact Tax - Restricted - FL Keys 2,718,805 Park Surcharge- Restricted 407,290 0 Tourist Impact Tax & Park Surcharge-Administration 308,379 Fund Balance Forward Tourist Impact Tax - Restricted - Key West 11,238,729 Tourist Impact Tax - Restricted - FL Keys 2,902,414 Park Surcharge- Restricted 0 Assigned and Unassigned 8,903,722 Miscellaneous Interest Income 25,000 Sale of Land 4,481,000 0 Less 5% (1,680,977) a CU Total Revenues 31,938,563 g 2 0 Appropriations: Salaries, Benefits, and Operating Expenses 978,200 CU Capital Outlay 0 Office Equipment 10,000 FL Keys Area of Critical State Concern 12,784,185 0 CL ROGO Reserve 3,293,248 CL Key West Area of Critical State Concern 13,872,930 `U Reserves CU Contingency 500,000 End of Year Cash 500,000 CU Total Appropriations 31,938,563 M N 0 U) E c� Packet Pg. 166