2013-0117 Regular City Commission Meeting

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Summary Minutes:Regular City Commission Meeting January 17,2013 City of Sunny Isles Beach,Florida 5. SPECIAL PRESENTATIONS 5A. Annual Report on the "State of the City" by Mayor Norman S. Edelcup. Action: Mayor Edelcup read the State of the City Address into the record. He reviewed the significant events that took place in 2012,and stated that the City continues to be very secure and financially strong. According to the Miami-Dade County Tax Assessor's Office, property values in Sunny Isles Beach excluding new construction increased overall from$5.6 Billion to$6.2 Billion. In the nine years that he has been Mayor,our taxable property values have risen from $2.5 Billion to$6.3 Billion, at an increase of 248%. Our millage rate of$2.8 per $1,000 of taxable value has decreased by 3% from the prior year. The rate is 16% less than the 3.35 millage rate we had in 2003 when he first became Mayor. For our 15th year of incorporation a book was published called "A Source of Community Pride: The Architecture ofSunny Isles Beach". The author Ellen Uguccioni and photographer David Gartner were on hand for a book signing, and a copy was presented to the Miami-Dade County Sunny Isles Beach Branch Library. 5B. Presentation of the City of Sunny Isles Beach Audit Report for Fiscal Year 2011/2012. Action: Finance Director Minal Shah presented Fiscal Year 2011/2012 Audited Financial Statements with a clean opinion. She introduced Cindy Calvert,the partner on engagement from the firm of Keefe, McCullough& Co. LLP,who provided the Commission with a brief presentation of the City's Financials noting that the City is the first to present its audit. She said they did not find any significant adjustments or deficiencies that needed to be cured. She also noted that the Finance Department submitted an application to the Government Finance Officers' Association for a Certificate of Achievement for Excellence in Financial Reporting Award for this year's Financial Statements, and noted that the City received the award for 2010/2011. Mayor Edelcup on behalf of the City Commission thanked Ms. Calvert and Finance Director Shah and her staff for doing a great job and for delivering the Audit in a very timely manner. 5C. A Presentation Honoring the City of Sunny Isles Beach, Florida, with the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year 2010/2011. Action:[City Clerk's Note: Items 5C and 5D were heard together.] Finance Director Minal Shah said this is the 2nd time they have won this award which is really the Financial Statement as mentioned by Cindy Calvert. She introduced her staff, Michael Quesada, Jennifer Zeradi,Joe Glendale, Elena Pavlova,and noted that Marc Anthony was unable to be here tonight. Mayor Edelcup on behalf of the Commission thanked her for making this a true team effort in getting Sunny Isles Beach recognized as being one of the most outstanding Finance Departments throughout the State of Florida, if not the entire United States. Mayor Edelcup and the Commission presented them the award and thanked them for doing an incredible job. SD. A Presentation Honoring the City of Sunny Isles Beach, Florida, with the Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award for Fiscal Year 2011/2012. Action: Finance Director Minal Shah said this is the 5th year they have received this award and it is based on how they compiled the information and communicate the information.