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File #: 9499-21    Version: 1 Name: Approve the FY2021/22 annual CIP budget and Ordinance 9499-21 on first reading
Type: Ordinance Status: Public Hearing
File created: 8/31/2021 In control: Office of Management & Budget
On agenda: 9/16/2021 Final action:
Title: Approve the fiscal year 2021/2022 Annual Capital Improvement Budget, establish a six-year plan for the Capital Improvement Program (CIP), and pass Ordinance 9499-21 on first reading.
Attachments: 1. 9499-21_CIP_Ordinance 22, 2. 9499-21ExhibitA_FY22, 3. 9499-21ExhibitB_FY22

SUBJECT/RECOMMENDATION:

Title

Approve the fiscal year 2021/2022 Annual Capital Improvement Budget, establish a six-year plan for the Capital Improvement Program (CIP), and pass Ordinance 9499-21 on first reading.

 

Body

SUMMARY: 

In accordance with Chapter 200 of the Florida Statutes and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearing to adopt the final budget. The adoption of this ordinance and the related ordinances adopting the 2021/22 millage rate and operating budget are an integral part of fulfilling these requirements.

On June 30, 2021, the City Manager provided the City Council with a Preliminary Annual Operating and Capital Improvement Budget that outlined estimates of revenues and expenditures for the 2021/22 fiscal year. The City Manager presented the preliminary budget at the City Council meeting on July 15, 2021, for Council discussion and citizen input. In addition, a Special Budget Work Session was held on August 3, 2021 for Council discussion of the proposed budget.

No changes have been made to the Preliminary Capital Improvement Budget.