HomeMy WebLinkAbout07102003 City of Sebastian
1225 MAIN STREET E] SEBASTIAN, FLORIDA 32958
TELEPHONE 1-561) 589-5490 [] FAX (561) 589-6209
CITY OF SEBASTIAN
CITIIZENS BUDGET REVIEW COMMI'I-rEE MINUTES
July 10, 2003
The Citizens Budget Advisory Review Committee Meeting convened at 6:00 p.m.
The following members were present:
Herbert Munsart
Larry Napier
Gene Rauth - Excused absence
Leon Griffin
Bob Daberkow
Richard Smith
Ed Seeley
Staff Members present:
Sally Grunzweig, Recording Secretary, Deborah Kruger, Assistant Director of Finance, Nancy
Veldt, Computer Operator
Approval of Minutes - July 25, 2002.
New Business:
Sebastian's tax rate is 4.59 per $1,000 of assessed valuation. The assessed property value of
a home that has the exemption either can increase by the exemption cap of 3 percent or the
amount of the consumer price index, whichever is lower. The pdce index currently is 1.24
percent. Property values in Sebastian increased this year by 12.38 percent, from $626 million
to $700 million. The City expects to receive about $3.05 million in property taxes next year,
compared to $2.7 from this year.
Ms. Kruger informed the Committee that the City hoped to receive about 6 percent more in
inter-governmental revenue, which comes from local option gas tax revenues, licenses and
other funds, but instead project receiving 4 percent less. Ms. Kruger said "it is just because of
the poor economy". The City expects to spend about $190,000 less on Capital Outlay
expenses because various pieces of equipment bought this year have filled the City's needs.
Personnel cost for city employees are expected to rise by $331,000, or almost 5 percent more
than last year. Personnel costs make up about 70 percent of the City's $9.3 million general
fund.
Budget Advisory Committee Meeting Minutes
July 10, 2003
Page 2
Election of ChairmanNice Chairman
Motion By: Munsart/Smith to appoint Larry Napier, Chairman - Motion carried.
Motion By: NapiedGriffin to appoint Richard Smith, Vice Chairman - Motion carried.
Larry Napier asked Mr. Mason last year to look into the Indian River County water Rate
Equalization Charge that the County is charging residents on their water bills. Ms. Kruger
informed the committee that she would write a memorandum to the City Attorney in regard to
this matter, and have an answer for them at the next meeting.
Meeting adjourned @ 7:15 p.m.
Respectfully submitted:
Sally Grunzweig, Recording Secretary