Res No 143-10-13177RESOLUTION NUMBER:
143 -10 -13177
A Resolution of the Mayor and City Commission of the City of South Miami,
Florida, relating to the City's 2010 /2011 fiscal year budget; advising the
Miami -Dade County Property Appraiser of its proposed millage rate of
5.1452 mills; its roll -back rate of 5.1452 mills and announcing the dates of
public hearing to consider the proposed millage rate and tentative budget;
providing an effective date.
WHEREAS, Florida Statute 200.065 requires; (1) that within 35 days of Certificate of
Value; (2) "each taxing authority shall advise the property appraiser of its proposed millage
rate, of it rolled -back rate computed pursuant to sub - section; (3) and of the date, time and place
which a public hearing will be held to consider the proposed millage rate and tentative budget';
and
WHEREAS, the Certification of Value was made on July 1, 2010; and
WHEREAS, the City Administration has computed the proposed millage rate and the
rolled -back rate; and
WHEREAS, the Mayor and City Commission wish to comply with the aforesaid
Statute.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
QSSION OF THE CITY OF SOUTH MIAMI, FLORIDA:
Section 1. That the City Administration advises the property appraiser that the
proposed millage rate of City of South Miami, Florida for the 2010/20011 fiscal year budget is
5.1452 mills. The rolled -back rate computed pursuant to sub - section (1) of Florida Statute
200.065 is 5.1452 mills.
Section 2. That date, time and place at which public hearing shall be held to
consider the proposed millage rate are as follows:
1. First Budget Hearing- September 14, 2010 at 7:30 p.m., in the City Commission Chambers,
6130 Sunset Drive, South Miami, Florida.
2. Second Budget Hearing -, September 28, 2010 at 7:30 p.m., in the City Commission
Chambers, 6130 Sunset Drive, South Miami, Florida.
PASSED AND ADOPTED this 27thdayof July. 2010
ATTEST:
APPROVED:
0:�� -
CITY CLERK
Page 1 of 2
100
Res. no. 143 -10 -13177
REAP A D APPROV �D O FORM:
CITY ATTORNEY
Page 2 of 2
Commission Vote:
3 -1
Mayor Stoddard:
absent
Vice Mayor Newman:
yea
Commissioner Beasley:
yea
Commissioner Palmer:
Nay
Commissioner Harris:
yea
South Miami
NI•AmadcaCft .......
CITY OF SOUTH MIAMI r
OFFICE OF THE CITY MANAGER °
INTER - OFFICE MEMORANDUM 2001
To: The Honorable Mayor & Members of the City Commission
From: Buford R. "Randy" Witt, Acting City Manager % G %a,
Copy: Alfredo Riverol, Finance Director
Date: July 27, 2010 Agenda Item: 444(ww 04
Subject: Tentative Millage Rate for FY 20 10-1 1
Request: A Resolution of the Mayor and City Commission of the
City of South Miami, Florida, relating to the City's
2010/2011 fiscal year budget; advising the Miami -Dade
County Property Appraiser of its proposed millage rate
of 5.1452 mills; its roll -back rate of 5.1452 mills and
announcing the dates of public hearing to consider the
proposed millage rate and tentative budget; providing an
effective date.
BACKGROUND & ANALYSIS
The procedures and timetables for taxation and the establishment of the Budget are
governed by a series of rules of the State of Florida. These rules are generally referred
to as TRIM (Truth in Millage). This resolution deals with the establishment of the
maximum millage rate, rollback millage rate, and scheduling formal budget public
hearings in accordance with TRIM.
MAXIMUM MILLAGE RATE
A primary source of revenue for municipal government is the property ad valorem tax.
Property taxes applied to commercial and residential real property and also for
commercial personal properly. The rate at which property is taxed is referred to as the
millage rate. The amount of taxes paid by a property owner is determined by multiplying
the millage rate times each $1,000.00 of assessed property value.
Local jurisdictions are required, at the beginning of the budget process, to establish a
maximum millage rate. This rate will be advertised by the City and also delivered to the
Miami -Dade Property Appraiser. The rate can be decreased by the Commission during
the budget process, but it cannot be increased except under extraordinary
circumstances. The proposed millage rate being put forth at this time is 5.1452 mills,
which represents the rolled -back rate.
The Miami -Dade County Properly Appraiser has certified the Taxable Value within the
City of South Miami at $1,422,628,241. This valuation represents a 7.3% decrease over
the FY 2009 -10 level of $1,534,277,946. Below please find a detail breakdown of the
City's new taxable value.
Tax Assessed Value Breakdown for the City of South Miami:
Residential - Single -unit residential properties (single
family, condos, townhouses, NOT duplexes, $651,294,435
apartments, etc):
Commercial - Including multi family and $699,621,928
government/institutional.
Personal Property:
$71,711,878
CITY TOTAL TAXABLE VALUE: $1,422,628,241
This decrease is attributable to the continued economic downturn that we have been
experiencing. Property values have decreased dramatically; which is evident in the City's
taxable value. We therefore recommend a proposed millage rate of 5.1452 mills. This
level will allow this City to continue with regular operations and on -going projects. The
Commission will still have the ability to re- consider the rate during the budget hearings.
Rolled -back Millage Rate
Cities are also required to calculate what is known as the "Rolled -back Millage Rate'.
This is the calculated tax rate at which the City would receive the same ad valorem
revenue as in the previous year, excluding current year new taxable values (New
Construction, additions, etc.). Since there has been an overall decrease in the total
assessed property value, the rolled -back millage rate is higher than our previous year
millage rate of 4.9526. The current year rolled -back millage rate is 5.1452.
Budget Hearing Schedule
The City is required to hold two formal Budget Public Hearings. There are guidelines on
when these hearings must be held. Additionally, a local municipality cannot hold a
budget hearing on the same date 'as either the County or the School Board. There are
also special advertising requirements for these hearings.
It is recommended, given these constraints, that the following schedule be established:
First Budget Hearing Tuesday September 14, 2010 City of South Miami City Hall
7:30PM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Second Budget Hearing Tuesday September 28, 2010 City of South Miami City Hall
7:30PM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
In addition, it is recommended that the Budget Workshop be scheduled as follows:
Budget Workshop Wednesday August 11, 2010 City of South Miami City Hall
9:OOAM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
CERTIFICATION OF TAXABLE VALUE R. 6110
R. 6/10
Rule 12D- 16.002
Florida Administrative Code
Year
2010
County
Miami -Dade
Principal Authority
CITY OF SOUTH MIAMI
Taxing Authority
CITY OF SOUTH MIAMI
SECTION is COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value of real property for operating purposes
$ 1,350,916,363
(1)
2.
Current year taxable value of personal property for operating purposes
$ 71,711,878
(2)
3.
Current year taxable value of centrally assessed property for operating purposes
$ 0
(3)
4.
Current year gross taxable value for operating purposes (Line 1 plus Line plus Line 3)
$ 1,422,628,241
(4)
(13)
Current year net new taxable value (Add new construction, additions, rehabilitative
Dedicated increment value, if any (Sum of either Line 6b or Line 7e for (1llDR•410TIFforms)
$ 127,685,418
5.
improvements increasing assessed value by at least 100 %, annexations, and tangible
$ 36,192,476
(5)
(15)
personal property value over 115% of the previous year's value. Subtract deletions.)
Current year rolled -back rate (Line 13 divided byUne 15, multiplied by 1,000)
5.1452 per $1000
6.
Current year adjusted taxable value (Llne4minu5Line5)
$ 1,386,435,765
(6)
7.
Prior year FINAL gross taxable value from prior year applicable Form DR-403 series
$ 1,437,510,170
(7)
8'
Does the taxing authority include tax increment financing areas? if yes, enter number of
Yes r] No
Number
(8)
worksheets (DR- 420TIF) attached. If none, enter 0
Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or
the forms
Yes Z No
Number
(9)
9.
less under s, 9(b), Article VII, State Constitution? (If yes, enter number of
o
DR- 420DEBT, Certification of Voted Debt Milloge for each debt service levy.)
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
LU
WSignature
of Property Appraiser
Date
in S
SECTION If: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, -0 -.
10.
Prior year operating millage levy ( lfprioryearmil loge was adjusted then use adjusted millage
from Form DR -422)
4.9526 per $1,000
(10)
11.
Prior year ad valorem proceeds (Line7 multiplied by Line 10, divided by 1,000)
$ 7,119,413
(11)
12
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by
a dedicated increment value (Sum of either Lines 6c or Line 7o for all DR- 42077F forms)
$ 642,946
(12)
13.
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)
$ 6,476,467
(13)
14.
Dedicated increment value, if any (Sum of either Line 6b or Line 7e for (1llDR•410TIFforms)
$ 127,685,418
(14)
15.
Adjusted current year taxable value (Line6minusLine 14)
$ 1,258,750,347
(15)
16.
Current year rolled -back rate (Line 13 divided byUne 15, multiplied by 1,000)
5.1452 per $1000
(16)
17.
Current year proposed operating millage rate
5.1452 per $1000
(17)
18.
Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided by
1,000)
$ 7,319,707
(18)
Continued on page 2
DR -420
R.6/10
Page 2
Instructions on page 3
County Independent Special District
(19)
19.
TYPE of principal authority (check one)
Z Municipality Water Management District
o Principal Authority E] Dependent Special District
(20)
20.
Applicable taxing authority (check one)
MSTU F-1 Water Management District Basin
21, Is millage levied in more than one county? (check one) f:] Yes E] No
(21)
a .®�t _ Mi �+rr,,� -,
r :Lw.: [.• 'S
brc
- y+r
u .1
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all
22.
dependent special districts, and MSTUs levying a millage. (the sum ofLlne 13 from all
$ 6,476,467
(22)
DR -420 forms)
23.
Current year aggregate rolled -back rate (Line 22 divided by Line 75, multiplied by 7,000)
5.1452 per $1,000
(23)
24.
Current year aggregate rolled -back taxes (Line 4 multiplied byline 23, divided by 7,000)
$ 7,319,707
(24)
Enter total of all operating ad valorem taxes proposed to be levied by the principal taxing
$ 7,319,707
(25)
25
authority, all dependent districts, and MSTUs, if any. (total of Line 18 from all OR -420 forms)
Current year proposed aggregate millage rate (Line 25 divided by Line 4,multiplied
5.1452 per $1,000
(26)
26.
by 1,000)
Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by Line
0,00%
(27)
27
23, minus 9 multiplied by 100)
Date
Time
Place
City Commission Chambers
=headng
09/142010
7:30 PM
61 30 Sunset Drive, South Miami, FL
I certify the millages and rates are correct to the best of my knowledge. The
Taxing Authority Certification
millages comply with the provisions of s. 200.065 and the provisions of either
s. 200.071 or s. 200.081, F.S.
Signature of Chief Administrative Officer
Date
cat
oa
07272010
w
S
Title
Contact Name
Acting City Manager
Buford R. Witt
KA
Mailing Address
Physical Address
6130 Sunset Drive
6130 Sunset Drive
South Miami, FL 33143
City, State, Zip
Phone Number
Fax Number
South Miami, FL 33143
305 -663 -6318
305 - 663 -6345
Instructions on page 3
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE:
oEpARTMe�T For municipal governments, counties, and special districts
OPREVENUf
DR- 420MM -P
R. 6/10
Rule 12D- 16.002
Florida Administrative Code
Year 2010
County Miami -Dade
Principal Authority CITY OF SOUTH MIAMI
Taxing Authority CITY OF SOUTH MIAMI
(5)
1
Isyourtaxing authority amunicipalityor independent special district that has levied ad
valorem taxes for less than 5 years?
Yes a No
(1)
IF YES, i
. STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.,,,
2.
Current year rolled -back rate from Current Year Form DR -420, Line 16
5.1452 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2009 Form DR- 420MM, Line 13
5.7543 per $1,000
(3)�'
4.
Prior year operating millage rate from Current Year Form DR -420, Line 10
4.9526 per $1,000
(4)
6.0607 per $1,000
(10)
16.
Minimum vote required to levy proposed millage: (Checkone)
Adjust rolled -back rate based on prior year majority -vote maximum millage rate
5.
Prior year final gross taxable value from Current Year Form DR -420, Line?
$ 1,437,510,1 70
(5)
6
Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
$ 8,271,865
(6)
T
Amount, if any, paid or applied in prior year as a consequence of an obligation measured
by a dedicated increment value from Current Year Form DR-420 Line 12
$ 642,946
(7)
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)
$ 7,628,919
(8)
9.
Adjusted current year taxable value from Current Year form DR -420 Line 15
$ 1,258,750,347
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 7,000)
6.0607 per $1,000
(10)
Calculate maximum millage levy
71
Rolled -back rate to be used for maximum millage levy calculation
6.0607 per $1,000
(11)
(Enter tine 10 if adjustedorelse enter Line 2)
12.
Change in per capita Florida personal income (See Line 12 Instructions)
9811
(12)
13.
Majority vote maximum millage rate allowed (Line i l multiplied by Line 12)
5.9462 per $1,000
(13)
14.
Two - thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)
6.5408 per $1,000
(14)
15.
Current year proposed millage rate
5.1452 per $1,000
(15)
16.
Minimum vote required to levy proposed millage: (Checkone)
(16)
0 a. Majority vote of the governing body: Check here, if Line 15 is less than or equal to Line 13. The maximum millage rate is
equal to the majority vote maximum rate. Enter Line 13 on Line 17.
b. Two - thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The
El
maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17.
c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if line 15 is greater than Line 14.
El The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
17
The selection on Line 16 allows a maximum millage rate of
5.9462 per $1,000
(17)
(Enter rate indicated by choice on Line 16)
18.
Current year gross taxable value from Current Year Form DR -420, Line 4
$ 1,422,628,241
(18)
Continued on page 2
DR- 420MM -P
R. 6/10
Page 2
19.
Current year proposed taxes (Line U muftiplied by Line 18, divided by 1,000)
$ 7,319,707
(19)
Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by
8,459,232;
(20)
20
1,000)
Enter the current year proposed taxes of all dependent special districts & MSTUS levying a
$
(21)
21
millage (Thesumofol/Lines 19 from each district's Form DR- 420MM -P)
22.
Total current year proposed taxes (Line 19 plus tine 21)
$ 7,319,707
(22)
Total Maximum Taxes
Enter the taxes at the maximum millage of all dependent special districts & MSTUS levying
$
(23)
23
a millage (The sum ofalf Lines 20 from each district's Form DR-420 MM -P)
24.
Totaltaxes at maximum millage rate (Line20pfus line23)
$ 8,459,232
(24)
Total Maximum Versus Total Taxes Levied
25
Are total current year proposed taxes on Line 22 equal to or less than total taxes at the
Z Yes No
(25)
maximum millage rate on Line 24? (Check one)
I certify the millages and rates are correct to the best of my knowledge. The miilages comply
Taxing Authority ,certification
with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, ES.
Signature of Chief Administrative Officer
Date
07/30/2010
W
I%
W
Title
Contact Name
3:
Acting City Manager
Buford R. Witt
t7
Mailing Address
Physical Address
6130 Sunset Drive
6130 Sunset Drive
South Miami, FL 33143
City, State, Zip
Phone Number
Fax Number
South Miami, FL 33143
305- 663 -6318
305- 663 -6345
Complete and submit this Form DR- 420MM -P, Maximum Millage Levy Calculation -
Preliminary Disclosure, to your property appraiser with the Form DR -420,
Certification of Taxable Value.
Instructions on page 3
MIAMI -DADE COUNTY
OFFICE OF THE PROPERTY APPRAISER
JULY 1, 2010 - CERTIFICATION OF TAXABLE VALUE
2004
2010
PRELIMINARY
TAXABLEVALUE
P_ PERCENT
TAXABLE
BEFORE NEW
PERCENT
NEW
8 CHANGE
TAXING AUTORITY
VALUE
CONSTRUCTION
CHANGE
CONSTRUCTION
- FROM 2009
01 MIAMI
37,149,190,992
30,835,168,070
- 17.0%
631,289,820.
-15.3%
011 MIAMI ( DOA)
11,037,426,431
9,444,604,050
- 14,4%
362,020,681
-11.2%
02 MIAMI BEACH
24,694,916,494
21,548,116,369
- 12.7%
556,626,578
-10.5%
0201 MB NORMANDY SHORES
117,709,157
100,693,548
-14.5%
1,289,587
Al A%
03 CORAL GABLES
12,710,135,969
11,681,585,759
-8.1%
142.391,361
-7A%
04 HIALEAH
9,488,619,671
7,718,435,945
-18.7%
32,277,726
-18.3%
05 MIAMI SPRINGS
990,211,809
894,280,376
-93%
8,254,944
-8.9%
06 NORTH MIAMI
2,823,674,799
2,171,371,296
-23.1%
65,073,418
-20.8%
07 NORTH MIAMI BEACH
2,269,795,183
1,803,859,206
-20.59%
3,137,071
-20.4%
08 OPA -LOCKA
932,162,334
782,697,833
- 16.0%
1,919,397
,i' - -15.8%
09 SOUTH MIAMI
1,534,277,946
1,386,435,765
-9.6%
36,192,476
-7.31/6
10 HOMESTEAD
2,986,366,417
2,041,196,180
-31.6%
12,648,948
.8. -312%
11 MIAMI SHORES
798,148,808
718,047,005
.10.0%
3,126,818
12 SAL HARBOUR
2,521,905,497
2,361,278,221
-6.4%
7,724,080
13 SAY HARBOR ISLANDS
762,700,615
605,336,520
- 20.60/.
1,309,010
-20.5%
14 SURFSIDE
1,172,763,595
1,069,149,281
-8.8%
575,974
-8.8%
15 WEST MIAMI
357,744,826
310,105,431
-13.3%
609,782
n
AY}+' -13.1%
16 FLORIDA CITY
719,973,937
545,962,087
-24.2%
5,071,758
- 23.5%
17 BISCAYNE PARK
168,621,920
130,934,288
.22.4%
560,327
" , 5 -22.00/.
18 EL PORTAL
104,823,739
86,008,071
- 17.9%
417,551.
22 - 17.6%
19 GOLDEN BEACH
712,373,295
639,873,315
- 10.20%
4,364,364
20 PINECREST
3,721,999,603
3,485,432,214
-6.4%
31,907,725
21 INDIAN CREEK
342,079,619
314,034,845
-8.2%
8,019,801
-5,9%
22 MEDLEY
2,024,478,858
1,870,491,056
-7.6%
13,257,506
-7.0%
23 N. BAY VILLAGE
939,526,353
675,745,036
-28.1%
16,056,183
-26.4%
24 KEY BISCAYNE
5,936,216,017
5,416,608,133
-8.8%
13,152,147
. 28. 0 K -8.5%
25 SWEETWATER
402,378,129
331,285,403
-17.7%
351,404
- 17.6%
26 VIRGINIA GARDENS
214,724,087
206,442,148
-3.9%
71,303
-318%
27 HIALEAH GARDENS
1,155,548,511
977,166,523
- 15.4%
10,871,540
x . -14.5%
28AVENTURA
8,063,834,953
7,241,443,347
- 10.2%
3,163,260
-10.2%
291SLANDIA
374,763
302,103
-19.4%
0
2n` -19.4%
30 UNINCORPORATED
68,236,064,758
57,440,621,825
-15.8%
491,849,367
-15.1%
31 SUNNY ISLES BEACH
6,131,641,645
5,175,875,235
- 15.6%
454,360,612;
-8.2%
32 MIAMI LAKES
2,873,498,534
2,548,770,445
-113%
8,037,939
33 PALMETTO BAY
2,537,228,421
2,380,346,265
-6.2%
8,825,796
34 MIAMI GARDENS
4,503,604,818
3,704,052,338
-17.8%
13,050,515
-170%
35 DORAL
9,992,827,909
8,836,355,648
.11.6%
87,110,551
- 10.71%
36 CUTLER BAY
2,257,897,144
1,743,216,799
-22.8%
2,285,856
- 22.71/
COUNTY -WIDE
222,141,817,140
189,592,540,620
44,7%
2,675,807,288
. -13.4%
FIRE AND RESCUE
132,173,049,648
112,392,626,244
45.0%
1,300,069,656
. - 14.0%
LIBRARY
202,344,136,687
173,191,660,602
-14.4%
2,562,590,253
-13 -1%
SCHOOL BOARD
234,917,614,208
201,784,116,032
-14.1%
2,676,503,428'
-13.0%
S FL WATER MNGT DIST
223,936,274,640
191,511,469,082
- 14.5%
2,676,503,428
-13.3%
FL INLAND NAV DIST
223,936,274,640
191,511,469,082
-14.5%
2,676,503,428
THE CHILDREN'S TRUST
223,9$6,274,640
191,511,469,082
44.5%
2,676,503,428