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09/20/2023
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09/20/2023
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Last modified
10/13/2023 1:47:45 PM
Creation date
10/13/2023 1:44:09 PM
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Meetings
Meeting Type
Final Budget Hearing
Document Type
Agenda Packet
Meeting Date
09/20/2023
Meeting Body
Board of County Commissioners
Subject
Finsl Budget Hearing FY 2023/2024
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HIGHLIGHTS: <br />MAJOR BUDGET IMPACTS <br />POST -WORKSHOP CHANGES <br />► On July 11, 2023, the Board of County Commissioners approved and, on August 29, 2023, signe( <br />the ordinance to levy an additional one cent of Tourist Tax effective October 1, 2023. The <br />reallocation is as follows: <br />Workshop Budget Adjusted Budget <br />Coastal Engineering Fund 2% cents $11,472,890 $11,748,519 <br />Tourist Tax Fund 2 cents 1,678,781 2,006,400 <br />Jackie Robinson Training Complex Fund '/4 cent 491,625 400,000 <br />Optional Sales Tax 51,957,291 52,1 1 1,479 <br />► The changes above will increase the total budget by $665,811, resulting in a total FY 2023/2024 <br />budget of $506,901,540. <br />► An adjustment to the current year's Sebastian Community Redevelopment Area (CRA) payme <br />has resulted in the following changes: <br />General Fund Rolled -Back Rate <br />Aggregate Rolled -Back Rate <br />Workshop Rate Adjusted Rate <br />3.2039 3.2022 <br />5.5406 5.5389 <br />
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