TY  City of Lauderdale Lakes Office of the City Clerk 954)535-2705 - Fax (954)535-0573 BUDGET WORKSHOP MINUTES City Commission Chambers June 26, 2024 6:00 PM  4300 Northwest 36 Street-L Lauderdale Lakes, Florida 33319-5599  LAKESY Ve Care  1. CALL TO ORDER 2. ROLL CALL PRESENT Vice Mayor Mark Spence Commissioner Sharon Thomas ABSENT Mayor Veronica Edwards Phillips (virtual) Commissioner Tycie Causwell (virtual) Commissioner Karlene Maxwel-Williams (virtual) ALSO PRESENT City Manager Treasa Brown Stubbs Assistant City Attorney Janeil Morgan City Clerk Venice Howard City Staff  Vice Mayor Mark Spence called the June 26, 2024, Budget Workshop to order at 6:10 p.m.  3. OPENING REMARKS FROM THE CITY MANAGER Service Fund and the Enterprise Funds will be reviewed. 4. PRESENTATION OF FISCAL YEAR BUDGET AND OVERVIEW  City Manager Brown Stubbs stated that the preliminary budget for the Special Revenue Funds, GOB Debt  PRESENTATION OF FISCAL YEAR2 2025 BUDGETAND OVERVIEW  This is a discussion of FY 2025 Preliminary Budget. City staff will present the following items for  discussion: 1. Special Revenue Funds 2. Debt Service 3. Enterprise Funds  Bobbi Williams, Financial Services Interim Director, provided a powerpoint presentation of the budget as Special Revenue Funds includes the Fire-Rescue Fund, Grants fund, Law Enforcement Trust Fund  follows:    (LETF), Arts in Public Places, Code Enforcement Trust Fund, Alzheimer Care Center Fund, CDBG Fund, Transportation "Gas Tax" Fund, Hurricane Loss Mitigation Program Fund and the Housing The Enterprise Funds includes the Stormwater Management Fund, Solid Waste Management Fund and Ms. Williams stated that under the Special Revenue Funds the Grants Fund is $10,202,167, the CDBG Funds are $464,158, Hurricane Loss Mitigation Fund is $194,000, Fire Rescue Fund is $7,920,344, Alzheimer Care Fund is $593,029, Transportation Fund is $701,068 and the Other Minor Funds are $180,000 which is made up of the Arts in Public Places in the amount of $25,000, Code Enforcement in Mayor Edwards Phillips inquired as to the amount that was spent on the Swim Central Grant for FY2024. Ms. Williams stated that she will provide the exact number that was spent to the City Commission. Mayor Edwards Phillips inquired as to what programs will the funds from the fines and forfeitures category Ms. Williams stated that thei funds will go towards police officer training program, explorer program and the Mayor Edwards Phillips and Commissioner Thomas asked howr many home owners benefitted from the air Vice Mayor Spence asked if the prices of the AC repair and replacement have been updated. Ms. Williams stated that she will provide the price information to the City Commission. Commissioner Thomas asked about the total for the LETF in the amount of $207,795.  Assistance Program Fund. Building Services Fund.  the amount of $15,000 and Housing Assistance in the amount of $60,000.  go towards.  summer youth program.  conditioning repair and replacement program for FY2 2024.  Ms. Williams stated that the funds in FY: 2024 were spent on the police officer training program, explorer Ms. Williams stated that the GOB Debt Service Fund's current rate is $.7350 and the 2025 Debt Service is currently $926,141. Staff is recommending. the debt millage rate to decrease to $.4910. The GOB for Note 59's original amount was $6,697,503 with a payment due in the amount of $259,896 and the balance left is $259,986. The GOB 2007 original amount is $8,305,497 with a payment due of $647,225 and the Ms. Williams stated that the Enterprise Funds is made up of the Building Services Fund in the amount of $1,399,636, Stormwater Management Fund in the amount of $10,484,774 and the Solid Waste Management Fund in the amount of $2,560,275. Under the Stormwater Management Fund, the residential assessment rate is $75 per year. The Capital Investments includes stabilizing the canal banks, improving water quality and improving the drainage system. Under the Solid Waste Management Fund, the residential assessment rate is $272 per year. The Waste Management contract is anticipated to increase by 16%. Under the Building Service Fund, funding is provided through planning and permitting fees.  program and the summer youth program.  balance lefti is $2,142,536. Staff is recommending: to pay off the GOB Note 59.  Ms. Williams stated that currently the budget is balanced at $1.4 million. Lauderdale Lakes Library and the Vikings football team.  Former Commissioner Beverly Williams asked the City Commission to consider funding for the  5. ADJOURNMENT adjourned at 7:05 p.m.  Being that there was no other business to come before the City Commission, the budget workshop    COUNT SEALOF OF Ea) LAKES  VERONICAI EDWARDS PHILLIPS, MAYOR hhhi  ATTEST:  Mnhd VENICE HOWARD, MMC, CITY CLERK