First Public Budget Hearing: September 12, 2019

First Public Budget Hearing: September 12, 2019

First Public Budget Hearing
September 12, 2019
5:01 PM

TRUSTEES: Marybeth Cunningham Karen Deigl
Dr. Michael Weiss Ann Marie McCrystal
Allen Jones (via telephone)

EXCUSED: Ann Marie McCrystal

STAFF: Ann Marie Suriano Jennifer Frederick
Kate Voss Jennifer Peshke, Esq.

OTHER ATTENDEES: Michelle Genz Myra Weiss

Convene Meeting – Marybeth Cunningham, Chairwoman IRCHD

Mrs. Cunningham convened the first public budget hearing of the Indian River County Hospital District (“IRCHD”) at 5:01 p.m.

Ms. Zudans provided the invocation and Dr. Weiss led the group in the Pledge of Allegiance.

Review of the July 18, 2019 proposed FY 2019-2020 Budget Information- Allen Jones, Treasurer

Mr. Jones stated that the purpose of tonight’s meeting is to adopt a budget for the next fiscal year beginning Oct 1, 2019. He explained that the District’s millage rate will be declining. Currently, the District has operated on a millage rate of .9122. At the first formal budget meeting held on July 18, the District adopted a proposed millage rate of .8030 which equated to not only an absolute reduction in the millage rate but it also represented a decrease of 7.18% as a percent of the rolled back rate. This results in a proposed reduction in ad valorem tax revenue of $913,040.

Mr. Jones stated that tonight the District is presenting a budget that is somewhat lower than what was proposed in July. The millage rate proposed in this budget for fiscal 2019/2020 is .8011. This will result in a decrease in the millage rate under the rolled back rate of 7.53% and equates to a decrease in ad valorem tax revenue below the current fiscal year of $968,063. By law, there will be one more opportunity for public comment and input on Sept. 19 before the budget is finalized.

The reasons for the reduction in ad valorem taxes proposed in the budget for the next fiscal year are mainly:

1. The assessed property tax values in Indian River County increased by about $1.2 billion this year.

2. The District is planning to spend about $1.4 million less than budget this year, principally because of less requirements the hospital and the Health Department than budgeted last year. As a result, the reserves will be more than adequate for needs in the next fiscal year meaning that there will be no need for ad valorem taxes to supplement reserves during the upcoming fiscal year.

3. In the next fiscal year, there will also be a decrease in requested program funding as well as District operating administrative expenses.

Mrs. Cunningham asked for Trustee input as well as public comment, and there was none. Mrs. Cunningham asked for a motion to adopt the proposed millage rate of .0811. Dr. Weiss made the motion which was seconded by Ms. Deigl. The motion carried unanimously.

Next Ms. Cunningham asked for a motion to approve the proposed budget of $14,912,557. The motion was made by Ms. Deigl and seconded by Ms. Zudans. She asked for Trustee input as well as public comment, and there was none. The motion carried unanimously.

Ms. Cunningham publicly announced the District proposed millage rate of .0811 for fiscal year 2019-2020, which represents a reduction in the rolled back rate of 7.53%.

Public Comment- No public comment

Adjournment- The meeting was adjourned at 6:00 PM