Backup Documents 09/07/2023 Item #1 B2023 BUDGET HEARINGCollier County Board of County Commissioners 9/7/20231
WHAT ARE WE DOING TODAY?Pelican Bay Services Division Budget HearingReview Pelican Services Division BudgetAdopt Resolution Approving and Levying the Special Assessment RollCollier County Board of County Commissioners Budget HearingDiscussion of Tentative Millage Rates Discussion of Changes to the Tentative BudgetAnnouncement of Tentative Millage Rates and Percentage Changes in Property Tax RatesAdopt Tentative Millage Rate ResolutionAdopt Tentative Budget Resolution Announcement of Final Public Budget Hearing2
PELICAN BAY SERVICES DIVISION3
PELICAN BAY SERVICES DIVISIONSpecial Assessment Roll$7,162,000 or $935 per Equivalent Residential Unit (ERU)Maintenance $5,215,600$680.90 per ERUCapital Maintenance$1,946,400$254.10 per ERU4
BOARD OF COUNTY COMMISSIONERS5
6FY 2023/2024 COLLIER COUNTY BUDGET TIMELINEAugJul OctSep Nov6/15/23 and (if necessary) 6/16/23 FY 2024 BudgetWorkshops7/1/23Certification of Taxable PropertyValues by Property Appraiser (DR 420 Forms) Starts FY 24 TRIM Process7/14/23Tentative FY 24 Budget by Fund to Board with Change Log7/11/23Board Adopts Proposed Millage Rates as the Maximum Property Tax Rates to be Levied in FY 24On or about 8/4/23 (Within 35 days from Certification)County Provides Property Appraiser with Millage Rates, Rolled Back Rates, Info for 1stPublic HearingOn or before 8/24/23 (55 days from Certification)Property Appraiser Mails TRIM Notices9/7/231stPublic Budget Hearing / Adopt Proposed Millage Rates and Tentative FY 24 Budget9/21/232ndand Final Public Hearing, Adopt Millage Rates and FY 24 Budget (Resolution)10/6/23Submit TRIM Compliance Package to DORValue Adj. Board Petition FilingDeadline Usually 2ndFriday of September6/09/23 - FY 24 Budget Workshop Document to BoardAdopt FY 24 Budget Policy 3/14/23Feb
PROPERTY VALUES / ASSESSMENTCounty-Wide Market Value Increased 20% from $185B to $222B Assessment – Article VII Florida Constitution – SS Chapter 193Homestead Property - Assessed Value Limited to 3% Increase for all Taxing Authorities. Non-Homestead Property – Assessed Value Limited to 10% Increase for all Taxing Authorities except the School Boards7
MILLAGE RATES8
9GENERAL FUND BUDGET MODELFiscal Flexibility Preserves and Protects Required Cash BalancesMaintains Adequate Reserves for a Coastal LocationMaintains Collier County’s Excellent Credit RatingAllocates Resources to Maintain Substantial Public Safety Capital Infrastructure and Operational Investment.
MILLAGE RATES10
CHANGES TO TENTATIVE BUDGET11Customary Tax Collector Budget Submittal Unfunded Request List Reestablishment of Transfers to Support Hurricane Ian RecoveryFY 2023 Revenue and Expense AdjustmentsAdjustments for Position Transfers and ReclassificationsOther Customary and Routine Revenue and Expense Adjustments
PUBLIC COMMENT12
MILLAGE RATES13
FINAL PUBLIC HEARING ON FY 2023-24 COLLIER COUNTY BUDGETDate: Thursday, September 21, 2023Time: 5:05 p.m. Location: W. Harmon Turner Building F, Third Floor, Boardroom14
QUESTIONS?15