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

Fire Pension 175 Costs

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:        

  1. 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

 

  1. 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.____________________

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.

          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

          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

          WHEREAS, such action was not anticipated in the original 2009-10 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 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:

GENERAL FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Federal Grant

34,601

Other Financing Sources:

     Fund Balance

150,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

184,601


 

PROPOSED APPROPRIATIONS

Public Safety

165,000

General Government

19,601

TOTAL PROPOSED APPROPRIATIONS

184,601

US HWY 441/27  CRA

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Fund Balance (Bond Proceeds)

169,904

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

169,904

PROPOSED APPROPRIATIONS

Non Expenditures:

     Transfer to Other Funds (Communications)

169,904

TOTAL PROPOSED APPROPRIATIONS

169,904

CAPITAL PROJECTS FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

      Fund Balance (Available Gas Tax)

35,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

       35,000

PROPOSED APPROPRIATIONS

Transportation

       35,000

TOTAL PROPOSED APPROPRIATIONS

       35,000

 ELECTRIC FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Fund Balance

          51,288

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        51,288

PROPOSED APPROPRIATIONS

Physical Environment

        51,288

TOTAL PROPOSED APPROPRIATIONS

        51,288

 

 

 

 

 

 

 

GAS FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Fund Balance

          11,288

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

11,288

PROPOSED APPROPRIATIONS

Physical Environment

11,288

TOTAL PROPOSED APPROPRIATIONS

11,288

WATER FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Fund Balance

11,288

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        11,288

PROPOSED APPROPRIATIONS

Physical Environment

        11,288

TOTAL PROPOSED APPROPRIATIONS

        11,288


            WASTEWATER FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

     Fund Balance

11,288

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

11,288

PROPOSED APPROPRIATIONS

Physical Environment

11,288

TOTAL PROPOSED APPROPRIATIONS

11,288

COMMUNICATIONS

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

    Transfers from Other Funds (Hwy 441/27 CRA)

169,904

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

169,904

PROPOSED APPROPRIATIONS

Physical Environment

169,904

TOTAL PROPOSED APPROPRIATIONS

169,904

 

MAGNOLIA TOWNHOMES

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

    Debt Proceeds

464,900

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

464,900

PROPOSED APPROPRIATIONS

Economic Environment

464,900

TOTAL PROPOSED APPROPRIATIONS

464,900

ALL FUNDS

ESTIMATED REVENUES AND OTHER RECEIPTS

Federal Grant

34,601

Other Financing Sources:

     Transfers from Other Funds

169,904

     Debt Proceeds

464,900

     Fund Balance Appropriated

        440,056

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        1,109,461

ALL FUNDS

PROPOSED APPROPRIATIONS

General Government

           19,601

Public Safety

165,000

Physical Environment

255,056

Economic Environment

464,900

Transportation

35,000

Non-Expenditures:

    Transfers to Other Funds

169,904

TOTAL PROPOSED APPROPRIATIONS

        1,109,461

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 10th day of May, 2010.

 

 

 

 

 

Mayor

ATTEST:

 

 

 

 

 

 City Clerk