1998.07.28_TC_Minutes_SpecialTOWN OF HIGHLAND BEACH
MINUTES OF TOWN COMMISSION MEETING
SPECIAL MEETING
Tuesday, July 28, 1998 2:45 P.M.
Vice Mayor Thomas J. Reid called the Special Meeting to order in
Commission Chambers at 2:05 P.M..
Acting Town Clerk Jane Dillon called the roll. The Vice Mayor,
Commissioners David Augenstein, Michael W. Hill and John J.
Sorrelli were present. Mayor Voress was absent.
Town Attorney Thomas E. Sliney and Acting Town Manager Doris M.
Trinley were present, as well as members of the general public.
Bettina of Tentative Millaae Rate for Fiscal Year 1998/1999
Vice Mayor Reid read into the record that the Town Commission of
the Town of Highland Beach is considering the setting of the
Tentative Millage Rate for Fiscal Year 1998/1999 at 4.000.
There was no discussion regarding same, at which time Vice Mayor
Reid entertained a MOTION to set the 1998/1999 millage rate at
4.0000, upon recommendation of the Financial Advisory Board.
The Commission was in unanimous agreement of subject Motion.
Vice Mayor Reid asked Mr. Goldenson, Chairman of the Financial
Advisory Board to read into the record his memo recommending
approval by the FAB for the 1998/1999 Budget, 4.0000 millage rate
and increase in the sewer rate. (Attached hereto and made a part
of these minutes.)
Scheduling of Public Hearing for fiscal year 1998/1999
Vice Mayor Reid stated that the Town Commission of the Town of
Highland Beach, will conduct an advertised Public Hearing on
Friday, September 4, 1998 at 5:01 p.m. in commission chambers at
Town Hall, 3614 S. Ocean Blvd., for the purpose of obtaining public
input for the 1998/1999 Fiscal Year Budget.
On Tuesday, September 15, 1998 the Town Commission of the Town of
Hic~hl.and Beach will conduct a Public Hearing at 5:01 p.m. at which
time the Commission will adopt the budget being reviewed at the
September 4 meeting.
With no :Further business to come before the Commission at this
time, :vIOTION to adjourn was made by COMMISSIONER
AUGENSTr,:[N/COMMISSIONER SORRELLI at 2:20 p.m.
Town of Highland Beach
Special Meeting Minutes
APPROVE:
absent
Arlin G. Voress, Mayor
Thomas J. Reid, Vice Mayor
David Augenstein, Commissioner
• Michael W. Hill, Commissioner
J n J. S ~elTi, Commissioner
072898.SPE
July 28, 1998
Page 2
ATTEST : ~~~ U~"• ~e-~u~-'~~
DATE : //_ ( ~ Ll ~~
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INTEROFFICE MEMORANDUM
T0: Town Commission
FROM: Felix R. Goldenson,
Chairman, Financial Advisory Board
SUBJECT.• FAB Recommendations Re. 1998/1999 Fiscal Year Budget
DATE: July 15, 1998
CC: Acting Town Manager
FAB Members
At its July 14, 1998 meeting, the Financial Advisory Board concluded its
review of the proposed 1998/1999 fiscal year budget of revenues and
expenditures and makes the following recommendations to the Town
• Commission:
• Approval of the aforementioned budget.
• Approval of the millage at its present rate of 4.0000 mills comprised
as follows:
General Operating 3.7339
Debt Services .2661
4.0000
• Approval of a 10~ increase in monthly sewer flat rate from 3'13.15 to
,514.45 (3'1.30).
The following comments are pertinent to the proposed budget:
The General Fund reserve for contingency (account #001-590.000) is
3'149,111 compared to 3709,890 in the 1997/1998 budget. This account is
used to balance the budget each year and is considered to be available
for contingencies.
The Finance Department projects the General Fund to have reserve funds
of about 37,160, 000 at September 30, 1998. Accordingly, with the
addition of about 3749, 000 for 1998/1999, the reserve fund should be
1
' ~ 1 R
t1, 309, 000 at September 30, 1999 or 29X of 1998/1999 budgeted
• expenditures.
After giving effect to the increase in the sewerage flat rate
recom~ended above, both the water and sewer systems are budgeted for
revenues to exceed expenditures. The water system budget provides for
capita 1 expenditures of 1527, 000 comprised mainly of 1322, 000 for
painting the elevated water storage tank and t77, 000 for the removal aN-~
replacement of the underground diesel fuel storage tank.
~-t.-
Felix Idenson
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