AGENDA MEMORANDUM
Meeting Date: April 26, 2010
From: Brandy McDaniel, Budget Manager
Subject: Ordinance Amending the Fiscal Year 2009-10 Budget for the General, Hwy 441/27 CRA, Capital Projects, Electric, Gas, Water, Wastewater, Communications and Magnolia Townhomes Funds for the Second Quarter
Staff Recommendation:
Staff recommends adopting the attached ordinance amending the Fiscal Year 2009-10 budget for the General, Hwy 441/27 CRA, Capital Projects, Electric, Gas, Water, Wastewater, Communications and Magnolia Townhomes Funds for the Second 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 (an attachment has been included to provide detailed reasons for these budget adjustments):
|
Fund |
Amount |
Source |
|
General: |
|
|
|
Byrne Grant/Dispatch Computer Console (Police & IT) |
$34,601 |
Federal Grant |
|
150,000 |
Fund Balance |
|
|
Total General Fund: |
$184,601 |
|
Hwy 441/27 CRA:
Transfer to Communications
(Perkins to Griffin Project) $169,904 Fund Balance (Bond Proceeds)
Total Hwy 441/27 CRA: $169,904
Capital Projects:
Riviera Street Rebuild $35,000 Fund Balance (Avail Gas Tax)
Total Capital Projects: $35,000
Electric:
Public Outreach Coordinator Position Allocation $11,288 Fund Balance
Cyber Security Assessment 40,000 Fund Balance
Total Electric: $51,288
Water:
Public Outreach Coordinator Position Allocation $11,288 Fund Balance
Total Water: $11,288
Wastewater:
Public Outreach Coordinator Position Allocation $11,288 Fund Balance
Total Wastewater: $11,288
Communications:
Perkins to Griffin Project $169,904 Transfer from Hwy 441/27 CRA
Total Communications: $169,904
Magnolia Townhomes:
Additional Land/ Building Proceeds from Refinance $464,900 Debt Proceeds
Total Magnolia Townhomes: $464,900
Options:
- Adopt the attached ordinance amending the fiscal year 2009-10 budget for the General, Hwy 441/27 CRA, Capital Projects, Electric, Gas, Water, Wastewater, Communications and Magnolia Townhomes, or
- Such other action as the City Commission may deem necessary.
Fiscal Impact:
The following funds will increase/decrease as seen below:
|
FUND |
FY 2010 CURRENT |
CHANGE |
FY 2010 AMENDED |
|
General |
$ 24,082,257 |
$ 184,601 |
$ 24,266,858 |
|
Stormwater Greater Leesburg CRA |
2,966,229 562,809 |
|
2,966,229 562,809 |
|
Carver Heights/Montclair Area CRA |
1,486,436 |
1,486,436 |
|
|
Hwy 441/27 CRA |
3,469,956 |
169,904 |
3,639,860 |
|
Debt Service |
1,621,521 |
1,621,521 |
|
|
Capital Projects |
12,547,718 |
35,000 |
12,582,718 |
|
Electric |
76,501,306 |
51,288 |
76,552,594 |
|
Gas |
10,890,188 |
11,288 |
10,901,476 |
|
Water |
16,683,444 |
11,288 |
16,694,732 |
|
Wastewater |
12,007,675 |
11,288 |
12,018,963 |
|
Communications |
1,352,870 |
169,904 |
1,522,774 |
|
Solid Waste |
3,726,119 |
3,726,119 |
|
|
Police Pension |
808,714 |
808,714 |
|
|
Fire Pension |
1,343,083 |
1,343,083 |
|
|
General Employees Pension |
2,500,000 |
2,500,000 |
|
|
Health Insurance |
4,133,000 |
4,133,000 |
|
|
Workers’ Compensation |
666,147 |
666,147 |
|
|
Discretionary Sales Tax |
1,756,688 |
1,756,688 |
|
|
Police Impact Fees |
4,790 |
4,790 |
|
|
Recreation Impact Fees |
365,660 |
365,660 |
|
|
Building Permits |
447,100 |
447,100 |
|
|
Police Forfeiture |
81,156 |
81,156 |
|
|
Police Education Receipts |
10,350 |
10,350 |
|
|
Magnolia Townhomes |
1,919,400 |
464,900 |
2,384,300 |
|
Total |
$ 181,934,616 |
1,109,461 |
$ 183,044,077 |
Submission Date and Time: 5/10/2010 5:04 PM____
|
Department: ___Finance____________ Prepared by: _Brandy McDaniel_____ Attachments: Yes_x___ No ______ Advertised: x___Not Required ______ Dates: __________________________ Attorney Review : Yes___ No ____
_________________________________ Revised 6/10/04 |
Reviewed by: Dept. Head _JB_____
Finance Dept. _____JB_________
Deputy C.M. ___________________ Submitted by: City Manager ___________________ |
Account No. _________________
Project No. ___________________
WF No. ______________________
Budget ______________________
Available _____________________ |
|
ORDINANCE NO.____________________ |
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AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AMENDING THE FISCAL YEAR 2009-10 BUDGET FOR THE GENERAL, HWY 441/27 CRA, CAPITAL PROJECTS, ELECTRIC, GAS, WATER, WASTEWATER, COMMUNICATIONS AND MAGNOLIA TOWNHOMES FUNDS FOR THE SECOND QUARTER; AND PROVIDING AN EFFECTIVE DATE. |
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WHEREAS, the City Commission of the City of Leesburg Florida, adopted a budget for Fiscal Year 2009-10 on September 28, 2009, which they felt was in the best interest of the citizens of the City of Leesburg, and |
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WHEREAS, it is now necessary to amend the current budget for Fiscal Year 2009-10 to provide funds for various projects as adopted at City Commission meetings, and |
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WHEREAS, such action was not anticipated in the original 2009-10 annual budget; |
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NOW THEREFORE, BE IT ENACTED BY THE PEOPLE OF THE CITY OF LEESBURG, FLORIDA: |
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SECTION I. |
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Pursuant to Section 200.065, Florida Statutes, and all other applicable laws, the following amounts for use by the various funds during Fiscal Year 2009-10 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 2009-10 for the City of Leesburg, Florida: |
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GENERAL FUND |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Federal Grant |
34,601 |
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Other Financing Sources: |
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Fund Balance |
150,000 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
184,601 |
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PROPOSED APPROPRIATIONS |
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Public Safety |
165,000 |
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General Government |
19,601 |
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TOTAL PROPOSED APPROPRIATIONS |
184,601 |
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US HWY 441/27 CRA |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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Fund Balance (Bond Proceeds) |
169,904 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
169,904 |
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PROPOSED APPROPRIATIONS |
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Non Expenditures: |
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Transfer to Other Funds (Communications) |
169,904 |
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TOTAL PROPOSED APPROPRIATIONS |
169,904 |
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CAPITAL PROJECTS FUND |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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Fund Balance (Available Gas Tax) |
35,000 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
35,000 |
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PROPOSED APPROPRIATIONS |
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Transportation |
35,000 |
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TOTAL PROPOSED APPROPRIATIONS |
35,000 |
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ELECTRIC FUND |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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|
Fund Balance |
51,288 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
51,288 |
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PROPOSED APPROPRIATIONS |
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Physical Environment |
51,288 |
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TOTAL PROPOSED APPROPRIATIONS |
51,288 |
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GAS FUND |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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Fund Balance |
11,288 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
11,288 |
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PROPOSED APPROPRIATIONS |
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Physical Environment |
11,288 |
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TOTAL PROPOSED APPROPRIATIONS |
11,288 |
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WATER FUND |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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Fund Balance |
11,288 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
11,288 |
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PROPOSED APPROPRIATIONS |
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Physical Environment |
11,288 |
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TOTAL PROPOSED APPROPRIATIONS |
11,288 |
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WASTEWATER FUND
|
ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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|
Fund Balance |
11,288 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
11,288 |
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PROPOSED APPROPRIATIONS |
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Physical Environment |
11,288 |
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TOTAL PROPOSED APPROPRIATIONS |
11,288 |
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COMMUNICATIONS |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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Transfers from Other Funds (Hwy 441/27 CRA) |
169,904 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
169,904 |
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PROPOSED APPROPRIATIONS |
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|
Physical Environment |
169,904 |
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TOTAL PROPOSED APPROPRIATIONS |
169,904 |
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MAGNOLIA TOWNHOMES ESTIMATED REVENUES AND OTHER RECEIPTS |
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Other Financing Sources: |
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|
Debt Proceeds |
464,900 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
464,900 |
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PROPOSED APPROPRIATIONS |
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Economic Environment |
464,900 |
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TOTAL PROPOSED APPROPRIATIONS |
464,900 |
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ALL FUNDS |
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ESTIMATED REVENUES AND OTHER RECEIPTS |
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|
Federal Grant |
34,601 |
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Other Financing Sources: |
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|
Transfers from Other Funds |
169,904 |
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|
Debt Proceeds |
464,900 |
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Fund Balance Appropriated |
440,056 |
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TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS |
1,109,461 |
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ALL FUNDS |
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PROPOSED APPROPRIATIONS |
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|
General Government |
19,601 |
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Public Safety |
165,000 |
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Physical Environment |
255,056 |
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Economic Environment |
464,900 |
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Transportation |
35,000 |
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Non-Expenditures: |
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Transfers to Other Funds |
169,904 |
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TOTAL PROPOSED APPROPRIATIONS |
1,109,461 |
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SECTION II. |
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This ordinance shall become effective upon its passage and adoption by the Leesburg City Commission in the manner provided by law. |
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PASSED AND ADOPTED at a regular meeting of the City Commission of the City of Leesburg, Florida held on the 10th day of May, 2010. |
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Mayor |
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ATTEST: |
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City Clerk |
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