LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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RESOLUTION NO. 2022-085 - ADOPTING A TENTATIVE BUDGET FOR THE DOWNTOWN IMPROVEMENT BOARD FOR FISCAL YEAR BEGINNING OCTOBER 1, 2022
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RECOMMENDATION:
recommendation
That City Council adopt Resolution No. 2022-085:
A RESOLUTION ADOPTING A TENTATIVE BUDGET FOR THE CITY OF PENSACOLA DOWNTOWN IMPROVEMENT BOARD FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022; PROVIDING AN EFFECTIVE DATE.
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HEARING REQUIRED: Public
SUMMARY:
The TRIM law requires conformance with exacting procedures in order to lawfully adopt millage levies and budgets.
The adoption of the Downtown Improvement Board’s tentative budget beginning October 1, 2022, must take place after the adoption of the tentative millage rate resolution and the adoption of the City of Pensacola’s tentative budget.
The general public must be permitted to speak and ask questions prior to the adoption of any measures by the City. In addition, if there are any amendments by City Council, a motion to amend should be made before each resolution is adopted. By Florida Statutes 166.241(2), a balanced budget is required to be adopted each fiscal year; therefore, any amendments brought forth for consideration must be balanced.
Although it will be necessary under the TRIM law to adopt the final millage rates and budgets at the second public hearing, the City Council may make subsequent budget amendments at any time during the fiscal year.
The tentative budget included in Resolution No. 2022-085 has been approved by the Downtown Improvement Board.
PRIOR ACTION:
None
FUNDING:
N/A
FINANCIAL IMPACT:
Adoption of Resolution No. 2022-085 will provide for a balanced budget as mandated in Florida Statute 166.241 and will ensure the City of Pensacola’s compliance under the TRIM law.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
8/26/2022
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
1) Resolution No. 2022-085
PRESENTATION: No end