TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: A Resolution of the City Commission of the City of North Port, Florida, As the Governing Body of the North Port Solid Waste District Budget, Adopting the Tentative Solid Waste District Budget for the Fiscal Year Beginning October 1, 2024 and Ending September 30, 2025; Prescribing the Terms, Conditions, and Provisions with Respect to the Items of Appropriation and Their Payment; Providing for Supplemental Appropriations and Reappropriations; Providing for Findings; Providing for Conflicts; Providing for Severability; and Providing an Effective Date
Recommended Action
Approve Resolution No. 2024-R-49 as presented.
Background Information
The tentative budget for Fiscal Year 2024-2025 for the Solid Waste District is $16,423,480. This represents an increase of $1,162,130 from the Fiscal Year 2023-2024 amended budget. The assessment rate for Fiscal Year 2024-2025 will be $302.50 per residence which is a 10% increase from the Fiscal Year 2023-2024 rate of $275.
Changes since the July 24, 2024, budget workshop are as follows:
|
REVENUES |
|
|
Total from Manager’s Proposed Budget |
$16,361,520 |
|
Adjustment to Assessment Revenue |
$377,350 |
|
Adjustment to Fund Balance |
-$315,390 |
|
Total for Tentative Budget |
$16,423,480 |
|
|
|
|
EXPENSES |
|
|
Total from Manager’s Proposed Budget |
$16,361,520 |
|
Increase to Tax Collector Fees |
$28,000 |
|
Adjust Payment in Lieu of Franchise Fee for Assessment Adjustment |
$33,960 |
|
Total for Tentative Budget |
$16,423,480 |
Resolution No. 2024-R-49 has been reviewed by the City Attorney and is legally correct as to form.
Strategic Plan
Good Governance
Financial Impact
Not applicable.
Procurement
Not applicable.
Attachments:
1. Resolution No. 2024-R-49
2. Fund Balance Report Solid Waste District
Prepared by: Lisa Herrmann, Budget Administrator
Department Director: Kim Williams, Finance Director