Stand with me. The mayor's going to lead us in a prayer pledge. Please follow me. Lord, thank you once again for the city that we live in. Thank you for giving us the honor to do your good work as we do on a daily basis. We ask that you watch over our
citizens as they continue on the life and our staff as they continue to make our city as grand as what it is. We ask that you watch over our first responders, protect them, and lay your hands on them on a daily basis. We ask that as we go through this summer season with a lot of
families are traveling and vacations and that that you watch over them and uh bring them home safely. We ask that all we do in your name, Jesus Christ. Amen. Pledge allegiance to the flag of the United States of America and to the
republic for which it stands, one nation under God, indivisible, with liberty and justice for all. Yeah. Can you please call the role? Here if anyone in the audience has something they'd like to speak about that is not on the agenda could please fill out one
of these forms on this table up here and hand it into clerk Haley. We'll get to that later in the meeting. Uh mayor's report. Uh don't have a lot to report on. Of course this is the Fourth of July week. So, if you all want to do something Friday and it's not raining, come and see the fireworks. If not, it'll go Saturday. If not, we'll
probably do it on Sunday, right? Well, Saturday is the scheduled date and Saturday's the scheduled date. Oh, why don't we do it on Friday? Scheduled as backup. Oh, okay. say, "Where were we last time?"
But we need to let them know by otherwise they'll go off. It may not go off the time. It may go off, 9:30. Okay. Usually. All right. But also the only other thing that I have is I'd like to give a a big shout
out to our finance department chair and our police department Carlos for what they've done here recently. Um we went after some appropriations for our new fire truck. It's $2 million firet truck. We had planned to get a loan and finance that. Um
Jared and Harrison actually travel to Tallahassee. Um had a big push out there for it. Uh and congratulations because they we awarded a million and a half for the fire truck. It was a million and a half went down I think a million one and at
the end of it came back to million and a half and then our radios also for the police department is right at 310 310,000 for the radios which we also had planned to either take out a fund balance or finance. But thank you Carlos for all you've done
that all you've raised all you've done and Jared and the finance department for what you guys have done to really help out the citizens and bring a lot of success to that. So congratulations. That's all I had. All right. Uh council
members reports never. Okay. Mr. Bishop. Yes, sir. Mr. Nothing. Okay. Um, only thing I've got, I'm happy to see CDBG subgrants on our consent agenda, which are another thing I'm happy you guys got. So, those are for two playgrounds, um, Dave White and Mary Tony Park, which
will be really awesome to see those finally come to $750,000. That's right. Big deal. Okay, we're going to go ahead and move on to the consent agenda. Um, if anyone on council would like to remove an item from consent agenda before we vote, you can do so now. Are
there any questions uh from public on consent? I move to approve the consent agenda as presented. Second. All right, we have a a motion in a second. Kathy, can you call roll, please? Fish, yes. Yes. Yes.
Yes. Okay, there is no old business, so we're going to move on to new business. Item number 10A, the audited financial statements. Good evening, council. I'm pleased to announce the audit is complete. Yay. And
I will let Julie go over the high points. Good evening. I'm Julie Fowler with Clifton Larson Allen and I'm here to present the summary of your audit for the year ending September 30th, 2024. So I've got some slides tonight.
First is our disclaimer slide just reminding you that this is very summarized the information I'm presenting tonight and to refer to the complete document that you'll be receiving probably next week with the holiday and the timing of the mail. Um that's what you should use to make financial decisions. So on the next
slide you see what the scope of the audit included and that's a report on the financial statements themselves. We also look at internal control over financial reporting. There's certain matters we're required to report to you as the group charged with governance of
the city. And then we also have your report on compliance with statutes for investment of public funds. So on the next slide are the summary of those reports. We've issued unmodified opinions on the financial statements and on your compliance with investment of
public funds. So that's as good as you can get with auditing is an unmodified report. On the internal control report, we did have one finding that we reported and that was due to a a large audit adjustment that we identified during the course of the audit. It was just the timing of when something was recorded
between fiscal years. So the funds at the end of the day were received appropriately by the city. It was just an accounting error that we needed to report. On the next slide, you'll see the summary of our governance communications. There were no new
accounting principles or policies adopted during the current year. Your financial statements do include estimates for your net pension and OPED liabilities as well as self insurance. Those estimates are determined through consultation with actuaries that the
city and pension funds have engaged and we believe that they are appropriate estimates. We did not encounter any difficulties in performing the audit. your staff is always very helpful in getting us all the information we need to complete our procedures.
So up next, if you'll go forward a couple, we're going to hit some highlights of the financial information for the year. So the first is the trend of the general fund revenue and expenditures over the last five years. And we like to look at long-term trends because of the effects of things like
grants and capital projects. what is the the trajectory of the city over time and looking at revenue that orang-ish colored bar you can see that the revenue does continue to trend upward really saw a significant increase in the advalorum
in fiscal year 2024 expens expenditures are also increasing but the largest expenditure increases that we saw were related to capital projects firet truck and the maxong improvements so those are things that you've planned for and budgeted for. So,
it's not necessarily that your recurring costs are creeping up um at an exponential pace or anything like that that you should be alarmed about. So, when we look at where the change in fund balance ended up for the year, you actually had a decrease in the general
fund of about $418,000. So, you're probably thinking that's not good. But when you think look back at where the budget was, your final budget was to use about $2.7 million of fund balance and you only used $418,000. So
overall that was a very positive result for the year. So the next slide shows where your fund balance ended up and that's at about 11.2 million. The largest portion there is what's called unassigned and that's
the classification that you have the most discretion on on how to use those funds and that was about $ 8.8 million at the end of the year. So then on the next slide you see what does that look like as far as the
trend and unassigned to assigned. We'd look at all kinds of calculations and looking at the health of the city, but overall you have about six months of your expenditures available in your unassigned fund balance. So that is a very strong healthy financial position for the city.
Up next is the water and wastewater fund for the last five years. See the revenue continuing to increase as we would expect as you have new customers coming on and as the rates are increasing. That was about a $ 1.3 million increase in revenue from the prior year. Your
expenses are also increasing, but um did kind of level out from last year. So, nothing unexpected there that we saw, giving you an overall increase in the net position of that fund of about $4.8 million. And then finally, the solid waste fund.
Um, this fund is where we saw the most significant increase proportionally in revenue and that was up to $3.3 million which uh was a very positive sign. We had talked in the past about this fund and um the financial condition of it,
but the increase in rates that were implemented really made a big impact here. And you also had some decreases in expenses due to the cost of fuel, repairs, things of that nature coming down, giving that fund an overall increase in fund balance of $870,000.
So those are the highlights, and I'm happy to answer any questions you might have. questions. Thank you very much. Thank you. Thanks, Julie. Good report. I will entertain a motion. Move to approve the audited financial
statements for fiscal year ended September 30th, 2024 as presented. Second. All right. We have a motion and a second roll, please. Yes. Yes. Yes. Yes. All right. We're going to move on
to item 10B. And I'm going to go ahead and open this public hearing. For your consideration tonight is this public hearing on ordinance 1546 which is on your agenda for second final meeting. That ordinance is entitled an
ordinance amending the 2030 comprehensive plan of the city of Sebring, Florida. Set amendment being known as amendment 25-01cie specifically amending the adopted capital improvements element by updating the five-year capital improvements plan transmitting set amendment for commerce
for information and providing for severability and providing for an effective date. Okay. No, I gave her a pass heard at our last meeting specifically. This does
take our capital to go ahead and comprehensive plan planning perspective. You've got any questions about capital itself? Uh, are there any questions from the public on the adoption of the capital?
Seeing none, I'm going to go ahead and close the public hearing. Any questions or comments from councel? I move to approve ordinance 1546 as presented on second and final reading. Second. All right, we have a motion and second.
Yes. Yes. Yes. Yes. Okay, we're going to now move on to item number 12A. Um, propose a stopover letter for 503 East Center Avenue final judgement payoff. Yes, sir. As the AIS provides the city
and the owners of 503 East Center Avenue had a lawsuit. A final judgment resulted in the favor in favor of the city for 27,76825. The now owner of that property wishes to sell it. the city the full face amount of the judgment but not the interest
that has accured over the years. Happy to answer any questions you might have. This what we're being asked for is an estopple letter meaning we would send a letter saying we will accept 27,76825 in exchange for a full release of lean from that final judgment. Council's not
required to do it but certainly can if you'd like. Any questions or comments? Council on this anything from the public. Okay. I'll entertain a motion. I move to accept the offer from Ginger Lee Mitchell Lindo for her to pay the city
$27,768.25 on or before August 1st, 2025 in exchange for the city executing a release of lean for 503 East Center Avenue Surn and authorizing the council president to execute an estoppel letter to that effect. Second. All right, we have a motion and a second. Kathy,
please call the role. Yes. Yes. Yes. Yes. Okay. Item 13A, project report. Mr. City Administrator update for you.
Okay. Everything remains as as it was at the last. Okay. Anything new happening on center some trust building. No, I think the
next step will be to go out and put a roof on. Okay. Could be bring something to you roofing contract on air conditioning. The roof was based on the repairs, the
warranty or full replacement. So, repair of the roof u provided by uh one vendor if you will that would actually write the spec for it about $180,000
180 to 200 estimate a full replacement of the roof 600 around $600,000 and warranty on that's a 32year warranty the warranty on the roof for the But I'm happy to ask him to come.
I think I ordered all of you literature that he provided. I think I I would be interested in hearing both versions. Any other questions, comments? No. Okay.
Last but not least, item 14A. Yes. So move. Second. Right. We have a motion and a second. Please call. Yes. Yes. Yes. All right. This meeting is adjourned.