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Agenda 07/08/2014 Item # 11B7/8/2014 11. B. EXECUTIVE SUMMARY Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2014/15 and Reaffirm the Advertised Public Hearing dates in September 2014 for the Budget approval process. OBJECTIVE: To adopt a resolution which establishes proposed millage rates as the maximum property tax rates to be levied in FY 2014/15 and reaffirms the Advertised Public Hearing dates for the adoption of the FY 2014/15 Amended Tentative Budgets (September 4, 2014) and the FY 2014/15 Final Millage Rates and Final Adopted Collier County Budget (September 18, 2014). CONSIDERATIONS: The tax rates hereby adopted must be provided to the Collier County Property Appraiser by August 4, 2014, (within 35 days of certification of value) for use in preparing the statutorily required Notice of Proposed Taxes (TRIM Notice). Each Collier County property owner will receive this notice, which must be mailed by August 24, 2014, (within 55 days after certification of values) under the Florida Truth in Millage (TRIM) law. During the September 2014, advertised public hearings the Board may maintain or lower millage rates in each taxing district unit at or below the level of the proposed millage rates. The millage rates may not be raised subsequent to the adoption of this resolution, without meeting extraordinary public notice and advertising requirements. The proposed millage rates and associated tax dollars are included as exhibits entitled "FY 2015 Proposed Maximum Property Tax Rates," and "Property Tax Dollars based upon July 1, 2014 Taxable Values ". A chart of taxable values is also included by taxing district and reflects data certified by the Property Appraiser on July 1, 2014. The General Fund (001) maximum proposed millage rate is 3.5645 per $1,000 of taxable value (or $356.45 per $100,000 of taxable value) and exceeds the DR-420 rolled back rate of $3.4031 per $1,000 of taxable value. This is a millage neutral rate from FY 2014 pursuant to budget guidance and represents a 4.74% increase over the rolled back rate. • The Unincorporated Area General Fund (111) maximum proposed millage rate is .7161 per $1,000 of taxable value (or $71.61 per $100,000 of taxable value) and exceeds the DR -420 rolled back rate of $.6858 per $1,000 of taxable value. This is a millage neutral rate from FY 2014 pursuant to budget guidance and represents a 4.42% increase over the rolled back rate. Public hearings on the FY 2014/15 Collier County budget will be held on Thursday, September 4, 2014 and Thursday, September 18, 2014 at 5:05 in the third floor board room in the W. Harmon Turner building at the County Government Center Complex. With receipt of new taxable value numbers from the Property Appraiser on July 1 st, budgets for all funds which receive ad valorem property tax revenue are customarily adjusted and these changes are reflected in the tentative budget which will be submitted to the Board on July 11, 2014. Transmittal of the tentative budget to the County Commission on this date satisfies part of the State's Truth in Millage (TRIM) timeline for adoption of the County's FY 2015 Budget. Packet Page -127- 7/8/2014 11. B. A summary listing of budget changes from the June workshop document together with a narrative description of the fund change will be included as an attachment within the tentative budget upon its submission on July 11, 2014. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with. this Executive Summary. LEGAL CONSIDERATIONS: This item is legally sufficient for Board action and requires a majority vote. - JAK FISCAL IMPACT: The proposed General Fund (001) millage rate of 3.5645 is budgeted to generate $230,306,000 in ad valorem tax revenue for FY 2015. The proposed Unincorporated Area General Fund (111) millage rate of .7161 is budgeted to generate $28,391,100 in ad valorem tax revenue for FY 2015. The proposed total tax levy, inclusive of all special taxing districts, is budgeted to generate $268,670,300 in ad valorem tax revenue for FY 2015. RECOMMENDATIONS: That the Board of County Commissioners: Adopt by resolution: 1. The proposed property tax rates for FY 2015 as detailed in the attachments to the resolution; and 2. Reaffirm the Advertised Public Hearing dates for the adoption of the FY 2015 Amended Tentative Budgets (September 4, 2014) and the FY 2015 Final Millage Rates and Final Collier County Adopted Budget (September 18, 2014). PREPARED BY: Mark Isackson, Corporate Financial Planning and Management Services, Office of Management and Budget Packet Page -128- 7/8/2014 11.B. COLLIER COUNTY Board of County Commissioners Item Number: 11.11.8. Item Summary: Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2014/15 and Reaffirm the Advertised Public Hearing dates in September 2014 for the Budget approval process. (Mark Isackson, Corporate Financial and Management Services Director) Meeting Date: 7/8/2014 Prepared By Name: Valerie Fleming Title: Operations Coordinator, Office of Management & Budget 7/2/2014 9:16:31 AM Submitted by Title: Operations Coordinator, Office of Management & Budget Name: Valerie Fleming 7/2/2014 9:16:32 AM Approved By Name: KlatzkowJeff Title: County Attorney, Date: 7/2/2014 2:07:35 PM Name: FinnEd Title: Management/Budget Analyst, Senior, Transportation Engineering & Construction Management Date: 7/2/2014 3:25:28 PM Name: OchsLeo Title: County Manager, County Managers Office Date: 7/2/2014 4:19:07 PM Packet Page -129- 7/8/2014 11. B. RESOLUTION NO. 14- A RESOLUTION APPROVING THE COUNTY'S PROPOSED MILLAGE RATES AND REAFFIRMING THE PUBLIC HEARING DATES FOR ADOPTION OF THE FY 2014/15 AMENDED TENTATIVE BUDGETS AND FY 2014 /15 FINAL MILLAGE RATES AND BUDGETS WHEREAS, Section 200.65, Florida Statutes, provides the procedure for fixing the millage rates; and WHEREAS, Section 129.03, Florida Statutes, sets forth the procedure for preparation and adoption of the budget; and WHEREAS, the Board of County Commissioners has received and examined the tentative budgets for each of the County's funds including all estimated receipts, taxes to be levied and balances expected to be brought forward and all estimated expenditures, reserves and balances to be carried over at the end of the year; and WHEREAS, Section 200.065, Florida Statutes, provides that the Board of County Commissioners shall hold public hearings to adopt the tentative budgets. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that: 1. The proposed millage rates set forth in Exhibit "A" and incorporated herein are hereby approved as the County's proposed millage rates pursuant to Sections 129.03 and 200.065, Florida Statutes. 2. The public hearings to adopt the FY 2014 /15 amended tentative budgets and the FY 2014/15 final millage rates and budgets, respectively, pursuant to Section 200.065, Florida Statutes, will be held by the Board of County Commissioners on September 4, 2014 at 5:05 p.m. at the Collier County Government Center, W. Harmon Turner Building, Third Floor Board Room, 3299 Tamiami Trail East, Naples, Florida and on September 18, 2014 at 5:05 p.m. at the Collier County Government Center, W. Harmon Turner Building, Third Floor Board Room, 3299 Tamiami Trail East, Naples, Florida BE IT FURTHER RESOLVED that the Clerk is hereby ordered and directed to spread this Resolution in full among the minutes of this meeting for permanent record in his office. This Resolution adopted this 8" day of July, 2014, after motion, second and majority vote. ATTEST: DWIGHT E. BROCK, Clerk 0 DEPUTY CLERK BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By: Packet Page -130- Tom Henning, Chairman mo 7/8/2014 11. B. Exhibit A Collier County, t- loriaa FY 2015 Proposed Maximum Property Tax Rates .1„Iv 1- 201A Certified Taxable Values Packet Page -131- Prior Year Rolled Back Proposed Millage Millage Millage % Change Frm. Fund Title Fund No. Rate Rate Rate Rolled Back General Fund 001 3.5645 3.4031 3.5645 4.74% Water Pollution Control 114 0.0293 0.0280 0.0293 4.64% 3.5938 3.4311 3.5938 4.74% Unincorporated Area General Fund 111 0.7161 0.6858 0.7161 4.42% Golden Gate Community Center 130 0.1909 0.1790 0.1862 4.02% Victoria Park Drainage 134 0.0479 0.0443 0.0443 0.00% Naples Park Drainage 139 0.0085 0.0079 0.0079 0.00% Vanderbilt Beach MSTU 143 0.5000 0.4770 0.5000 4.82% Isle of Capri Fire 144 2.0000 1.9163 2.0000 4.37% Ochopee Fire Control 146 4.0000 3.9693 4.0000 0.77% Collier County Fire 148 2.0000 1.9281 2.0000 3.73% GoodiandlHorr's Island Fire MSTU 149 1.2760 1.2355 1.2760 3.28% Sabal Palm Road MSTU 151 0.1000 0.0784 0.1000 27.55% Golden Gate Parkway Beautification 153 0.4583 0.4280 0.4280 0.00% Lely Golf Estates Beautification 152 2.0000 1.9242 2.0000 3.94% Hawksridge Stormwater Pumping MSTU 154 0.0482 0.0458 0.0458 0.00% Radio Road Beautification 158 0.3185 0.3096 0.3096 0.00% Forest Lakes Roadway & Drainage MSTU 159 1.1610 1.0774 1.1022 2.30% Immokalee Beautification MSTU 162 0.9162 0.9172 0.9172 0.00% Bayshore Avalon Beautification 163 2.3604 2.3005 2.3604 2.60% Haldeman Creek Dredging 164 0.7348 0.7071 0.7348 3.92% Rock Road 165 3.0000 2.9440 3.0000 1.90% Radio Road East MSTU 166 0.2306 0.2151 0.2401 11.62% Forest Lakes Debt Service 259 2.8390 2.6345 2.8978 9.99% Radio Road East Debt Service 266 0.2193 0.2046 0.2408 17.69% Collier County Lighting 760 0.1631 0.1552 0.2000 28.87% Pelican Bay MSTBU 778 0.0857 0.0828 0.0857 3.50% Aggregate Millage Rate 1 4.1518 3.9667 1 4.1505 4.63% Packet Page -131- 7/8/2014 11. B. Exhibit A Collier County Government Fiscal Year 2015 Tentative Budget Collier County, Florida Property Tax Dollars Based upon July 1, 2014 Taxable Values FY 2015 Proposed Prior Year Current Year Proposed Fund Adjusted Tax Rolled Back Tax % Change Fund Title No. Dollars Tax Dollars Dollars Frm. Rolled Back General Fund 001 213,577,643 219,877,751 230,305,969 4.74% Water Pollution Control 114 1,776,687 1,809,108 1,893,103 4.64% 215,354,330 221,686,859 232,199,072 4.74% Unincorporated Area General Fund 111 26,432,746 27,189,783 28,391,081 4.42% Golden Gate Community Center 130 280,682 283,780 295,195 4.02% Victoria Park Drainage 134 1,289 1,289 1,289 0.00% Naples Park Drainage 139 7,775 7,855 7,855 0.00% Vanderbilt Beach MSTU 143 972,820 975,434 1,022,468 4.82% Isle of Capri Fire 144 1,028,096 1,032,851 1,077,964 4.37% Ochopee Fire Control 146 1,215,635 1,222,161 1,231,614 0.77% Collier County Fire 148 294,850 295,218 306,227 3.73% Goodland /Horr's Island Fire MSTU 149 89,789 90,151 93,106 3.28% Saba[ Palm Road MSTU 151 1,763 1,764 2,250 27.55% Lely Golf Estates Beautification 152 191,437 191,560 199,106 3.94% Golden Gate Parkway Beautification 153 244,681 246,867 246,867 0.00% Hawksridge Stormwater Pumping MSTU 154 2,646 2,705 2,705 0.00% Radio Road Beautification 158 308,039 309,876 309,876 0.00% Forest Lakes Roadway & Drainage MSTU 159 150,904 150,912 154,385 2.30% Immokalee Beautification MSTU 162 279,697 287,248 287,248 0.00% Bayshore Avalon Beautification 163 838,512 842,205 864,134 2.60% Haldeman Creek Dredging 164 51,401 51,611 53,633 3.92% Rock Road 165 29,528 29,513 30,075 1.90% Radio Road East MSTU 166 83,177 83,719 93,449 11.62% Forest Lakes Debt Service 259 369,007 369,015 405,895 9.99% Radio Road East Debt Service 266 79,101 79,632 93,722 17.69% Collier County Lighting 760 644,216 650,521 838,300 28.87% Pelican Bay MSTBU 778 445,127 447,092 462,751 3.50% Total Taxes Levied 249,397,248 256,529,620 268,670,267 Aggregate Taxes 248,949,140 256,080,973 268,170,650 Packet Page -132- 7/8/2014 11. B. Taxable Property Values (July 1, 2014) For FY 2015 Prior Year Current Year Current Year Fund Gross Adjusted Gross % Fund Title No. Taxable Value Taxable Value Taxable Value Change County Wide Taxable Values General Fund 001 60,637,773,315 63,542,967,841 64,611,016,632 6.55% Water Pollution Control 114 60,637,773,315 63,542,967,841 64,611,016,632 6.55% Dependent Districts and MSTU's Unincorporated Area General Fund 111 37,207,018,234 38,863,632,061 39,646,810,731 6.56% Golden Gate Community Center 130 1,470,308,013 1,568,454,575 1,585,363,163 7.83% Victoria Park Drainage 134 26,918,376 29,112,800 29,106,490 8.13% Naples Park Drainage 139 914,652,405 985,914,158 994,281,166 8.71% Vanderbilt Beach MSTU 143 1,945,640,639 2,039,242,978 2,044,935,142 5.10% Isle of Capri Fire 144 514,048,131 536,497,266 538,981,777 4.85% Ochopee Fire Control 146 303,908,765 306,261,304 307,903,466 1.31% Collier County Fire 148 147,425,243 152,923,422 153,113,391 3.86% Goodland /Horn's Island Fire MSTU 149 70,367,183 72,674,625 72,967,382 3.70% Sabal Palm Road MSTU 151 17,628,261 22,495,641 22,495,641 27.61% Lely Golf Estates Beautification 152 95,718,423 99,490,090 99,552,997 4.01% Golden Gate Parkway Beautification 153 533,888,677 571,663,370 576,792,719 8.04% Hawksridge Stormwater Pumping MSTU 154 54,891,796 57,824,532 59,054,468 7.58% Radio Road Beautification 158 967,155,849 994,955,705 1,000,892,008 3.49% Forest Lakes Roadway & Drainage MSTU 159 129,977,881 140,069,860 140,070,223 7.76% Immokalee Beautification MSTU 162 305,279,549 304,954,759 313,179,048 2.59% Bayshore Avalon Beautification 163 355,241,487 364,492,489 366,096,556 3.06% Haldeman Creek Dredging 164 69,951,938 72,693,192 72,989,459 4.34% Rock Road 165 9,842,609 10,029,950 10,024,893 1.85% Radio Road East MSTU 166 360,698,717 386,703,758 389,209,201 7.90% Forest Lakes Debt Service 259 129,977,881 140,069,860 140,070,223 7.76% Radio Road East Debt Service 266 360,698,717 386,703,758 389,209,201 7.90% Collier County Lighting 760 3,949,824,721 4,149,557,644 4,191,499,282 6.12% Pelican Bay MSTBU 778 1 5,194,015,318 5,374,363,957 5,399,657,816 3.96% Packet Page -133-