OF ASTA hw COUNTY,RL SINCE, 1872  TOWNOFASTATULA MAYOR AND TOWN COUNCIL MINUTES  FINAL BUDGET HEARING THURSDAY SEPTEMBER 24, 2020  TOWN HALL  Having been duly advertised as required byl law, Mayor Mack called the Final BudgetHearing to order at 7:00pm. The invocation and Pledge of Allegiance had been done at the prior  workshop. Members Present: Mitchell Mack, Mayor Kimberly Kobera, Vice-Mayor Stephen Cross Gayle Sikkema Orita Issartel  Also Present: Graham Wells, Town Clerk Walter Hoagland, Police Chief  Roll Call was performed, and it was determined that a quorum was present.  This public hearing is for the purpose of announcing the percentage by which the millage rate differs from the rolled-back rate; and for Council to adopt the final millage rate by Resolution. Council will also adopt the final budget for Fiscal Year 2020-21 by fund RESOLUTION 2020-18 - DETERMINING THE AMOUNT AND FIXING THE RATE OF A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF ASTATULA, FLORIDA, DETERMINING THE AMOUNT AND FIXING THE RATE OF AD VALOREM TAXATION; LEVYING THE ANNUAL PROPERTY TAXES FOR FISCAL YEAR 2020-2021 FOR THE TOWN OF ASTATULA, FLORIDA; PROVIDING FOR AN Mayor Mack read the resolution title and announced the following information as required  department.  AD VALOREM' TAXATION  EFFECTIVE DATE. by Florida Statutes:  The Taxing Authority is the Town of Astatula The Rolled-Back Rate is 6.8061 mills The Percentage over the Rolled-Back Rate is 10.2 percent The Millage Rate to Be Levied is 7.5000 mills  At this point the Mayor opened the meeting up for public comment on this issue only; there He opened for Council comment; there being none he called for a motion to approve  being no residents present he closed public comment.  Resolution 2020-18.  Town of Astatula Final Budget Hearing Minutes September 24, 2020 Pageiof3    MOTION by Councilman Cross to approval Resolution 2020-18; SECONDED by  Councilwoman Sikkema Aroll call vote was requested Councilman Cross- Councilwoman Kobera- YES Councilwoman Sikkema YES Councilwoman Issartel- YES Mayor Mack- MOTION CARRIED 5-0  YES  YES  RESOLUTION 2020-19 - ADOPTING A FINAL BUDGET, FOR THE FISCAL YEAR A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF ASTATULA, FLORIDA, ADOPTINGAFINALBUDGETFORTHETOWNOFASTATULA,FLORIDA,FORTHEFISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021, AND Mayor Mack read the resolution title and announced the following information as required The Final Budget for the Town of Astatula for Fiscal Year 2020-21 to be adopted by Fund  BEGINNING OCTOBFRL.2020.AND ENDINGSEPTEMBER30.2021  ESTABLISHING AN EFFECTIVE DATE.  by Florida Statutes:  Department is as follows:  General Fund - In the amount of $1,198,765.00 Transportation Fund - In the amount of$66,780.00 Infrastructure Fund - In the amount of$144,000.00 TOTAL ALLI FUNDS-51409545.00  At this point the Mayor opened the meeting for public comment; there were no residents He then opened Council discussion. There being no discussion, Mayor Mack requested a MOTION by Councilwoman Issartel to approval Resolution 2020-19; SECONDED by  present sO he closed public comment. motion to approve Resolution 2020-19. Councilwoman Sikkema Aroll call vote was requested Councilman Cross- Councilwoman Kobera- YES Councilwoman Issartel- YES Councilwoman Sikkema YES Mayor Mack- MOTION CARRIED 5-0  YES  YES  Town ofA Astatula Final Budget Hearing Minutes September 24, 2020 Page 2of3    Att this point Clerk Wells went overa couple ofs sheets from the budget with amendments and gave an overview of the budget revenues and expenses against last year. He stated that the budget showed a surplus of $51,600.00 being carried forward for the first time in many Itisrecommended that the Town has two months (6679)ofexpendtures ini reserve which he hoped to achieve when the audit is completed for the current year. The goal is to reach three months ofreserves or 25 percent ini the upcoming year. The General Fund account has $60,347 more than the same time last year which is a good position to be in. The Road Fund has $24,637 more and the Impact Fee fund is depleted by $50,476as aresult ofthe purchase A loan was taken out for $350,000 to finish the construction oft the new community center; however, once the final payment is made, $220,000 will have been used which would reduce the level ofinterest tol be paid. The loan should be fully paid in three years. Overall, the town isi in extremely good shape financially and next year is expected be better than budgeted.  years.  ofa police vehicle and body cameras.  ADIOURNMENT  There being no further business Mayor Natale adjourned at 7:10 pm.  Respectfulysubmited,  Mitchell Mack, Mayor ATTEST: Ch  Graham Wells, Town Clerk & Finance Officer  ORATE  21  Town ofA Astatula Final Budget Hearing Minutes September 24, 2020 Page3of3