AGENDA MEMORANDUM

 

Meeting Date:           December 14, 2009

 

From:                          Brandy McDaniel, Budget Manager

 

Subject:                      Ordinance Amending the Fiscal Year 2008-09 Budget for the General, Capital Projects, Electric and Water Funds for the Fourth Quarter

 

 

Staff Recommendation:

Staff recommends adopting the attached ordinance amending the Fiscal Year 2008-09 budget for the General, Capital Projects, Electric, and Water Funds for the Fourth Quarter.

 

Analysis:

As established in the Budget Policy, adopted September 28, 1998, total appropriations within a fund cannot increase or decrease without formal action by the City Commission. 

 

These budget adjustments are required due to the following changes:

 

Fund

Amount

Source

General:

 

 

Recreation Programs- Travel Basketball

($ 43,600)

Activities Fees Revenue

Recreation Programs- Pop Warner Cheer

$  3,474

Activities Fees Revenue

Fleet Insurance Claim

$  8,576

Miscellaneous Non Operating

 

 

Revenue

Total General Fund

($ 31,550)

 

 

 

 

Capital Projects:

 

 

Runway & Taxiway Lighting

$ 18,400

FDOT Supplemental Grant

Total Capital Projects Fund

$ 18,400

 

 

 

 

Electric:

 

 

Airport Transformer Rewind

$ 310,000

Fund Balance

Total Electric Fund

$ 310,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Fund

Amount

Source

Water:

 

 

CR 468 Water Main Project

$ 355,600

Fund Balance

Controller at Royal Highlands

$  3,920

Renewal & Replacement

Total Water Fund

$ 359,520

 

 

 

 

 

 

 

Options:        

  1. Adopt the attached ordinance amending the fiscal year 2008-09 budget for the General, Capital Projects, Electric, and Water Funds, or

 

  1. Such other action as the City Commission may deem necessary.

 

 


 

 

Fiscal Impact

The following funds will increase/decrease as seen below:

 

 

 

FUND

FY 2009

CURRENT

 

CHANGE

FY 2009

AMENDED

General

     $    25,080,705

$      (31,550)

$    25,049,155

Capital Projects

15,542,723

18,400

   15,561,123

Electric

84,077,751

310,000

84,387,751

Water

19,134,581

359,520

19,494,101

Total

$   143,835,760

$       656,370

$    144,492,130

 

 

 

Submission Date and Time:    12/10/2009 5:15 PM12/10/2009 5:10 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________JB______                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

 

ORDINANCE NO.____________________

AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AMENDING THE FISCAL YEAR 2008-09 BUDGET FOR THE GENERAL, CAPITAL PROJECTS, ELECTRIC AND WATER FUNDS FOR THE FOURTH QUARTER; AND PROVIDING AN EFFECTIVE DATE.

          WHEREAS, the City Commission of the City of Leesburg Florida, adopted a budget for Fiscal Year 2008-09 on September 22, 2008, which they felt was in the best interest of the citizens of the City of Leesburg, and

          WHEREAS, it is now necessary to amend the current budget for Fiscal Year 2008-09 to provide funds for various projects as adopted at City Commission meetings, and

          WHEREAS, such action was not anticipated in the original 2008-09 annual budget;

          NOW THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF LEESBURG, FLORIDA:

SECTION I.

        Pursuant to Section 200.065, Florida Statutes, and all other applicable laws, the following amounts for use by the various funds during Fiscal Year 2008-09 as reflected below, including all modifications or amendments made during this meeting, are hereby adopted as increases/decreases to the original budget for Fiscal Year 2008-09 for the City of Leesburg, Florida:

GENERAL FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Charges for Services

(40,126)

Miscellaneous Revenue

8,576

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

(31,550)


 

PROPOSED APPROPRIATIONS

Culture/ Recreation

(40,126)

General Government

8,576

TOTAL PROPOSED APPROPRIATIONS

(31,550)

CAPITAL PROJECTS FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Intergovernmental Revenue

18,400

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

       18,400

PROPOSED APPROPRIATIONS

Transportation

       18,400

TOTAL PROPOSED APPROPRIATIONS

       18,400

 ELECTRIC FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Fund Balance

          310,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        310,000

PROPOSED APPROPRIATIONS

Physical Environment

        310,000

TOTAL PROPOSED APPROPRIATIONS

        310,000

WATER FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Renewal & Replacement

3,920

     Fund Balance

          355,600

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        359,520

PROPOSED APPROPRIATIONS

Physical Environment

        359,520

TOTAL PROPOSED APPROPRIATIONS

        359,520


 

ALL FUNDS

ESTIMATED REVENUES AND OTHER RECEIPTS

Charges for Services

(40,126)

Miscellaneous Revenue

8,576

Intergovernmental Revenue

18,400

Other Financing Sources:

     Renewal & Replacement

3,920

     Fund Balance Appropriated

        665,600

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        656,370

ALL FUNDS

PROPOSED APPROPRIATIONS

General Government

           8,576

Physical Environment

        669,520

Culture & Recreation

         (40,126)

Transportation

       18,400

TOTAL PROPOSED APPROPRIATIONS

        656,370

SECTION II.

          This ordinance shall become effective upon its passage and adoption by the Leesburg City Commission in the manner provided by law.

          PASSED AND ADOPTED at a regular meeting of the City Commission of the City of Leesburg, Florida held on the 14th day of December, 2009.

 

 

 

 

 

Mayor

ATTEST:

 

 

 

 

 

 City Clerk