TO: Mayor and Commissioners
FROM: Laura Thezine, Acting Finance Director
THROUGH: Neal de Jesus, Interim City Manager
DATE: September 17, 2019
Title
RESOLUTION NO. 166-19 BUDGET ADOPTION FOR FY 2020
Body
Recommended Action:
Recommendation
Motion to approve Resolution No. 166-19 Final Budget Adoption for FY 2020 FOR THE CITY OF DELRAY BEACH (CITY).
Body
Background:
Resolution No. 166-19 provides for appropriations of sums of money for all necessary expenditures of the City for the period from the 1st of October 2019 to the 30th of September 2020.
The FY 2020 budget appropriations are set forth in Exhibit A of the attached Resolution No. 166-19. The budget utilizes an operating millage rate of 6.6611 and a debt service millage rate of 0.2034.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to the adoption of the budget.
Timing of Request:
The adopted budget will begin with the new fiscal year on October 1st.