Agenda for September 8, 2011 - Agenda Memos for Item 2.A.5

RESOLUTION NO. _____________
	A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, TENTATIVELY ADOPTING THE FISCAL YEAR 2011-12 BUDGET FOR THE CITY OF LEESBURG, FLORIDA; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the City Commission of the City of Leesburg, Florida, has held several budget work sessions for the purpose of reviewing, and, where appropriate, revising the Fiscal Year 2011-12 Budget, and

WHEREAS, the provisions of Section 200.065(2)(c), Florida Statutes, commonly known as the Truth in Millage or TRIM Bill, require that the City Commission hold a public hearing and adopt a tentative budget and millage rate for Fiscal Year 2011-12; and,

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 2011-12 as reflected below, including all modifications or amendments made during this meeting, are hereby adopted as the budget for Fiscal Year 2011-12 for the City of Leesburg, Florida:


	GENERAL FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Current Ad Valorem Taxes
	(Based on an assessed value of $1,152,928,5474.3179 Mills95%)	4,729,318
	Other Taxes	4,431,797
	Licenses and Permits	107,300
	Intergovernmental Revenue	2,032,198
	Charges for Services	529,094
	Fines and Forfeits	87,000
	Miscellaneous Revenues	1,196,994
	Total Estimated Revenues	13,113,701
	Other Financing Sources:
	Transfers from other Funds	9,348,900
	Fund Balance Appropriated	51,970
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	22,514,571

GENERAL FUND (Continued)

PROPOSED APPROPRIATIONS
General Government	1,294,029
Public Safety	13,709,134
Physical Environment	103,171
Transportation	2,308,170
Economic Environment	168,744
Human Services	5,000
Culture/Recreation	3,727,455
Other Uses	277,131
Non Expenditures:
Transfers to other Funds	921,737
TOTAL PROPOSED APPROPRIATIONS	22,514,571

STORMWATER FUND

ESTIMATED REVENUES AND OTHER RECEIPTS
Charges for Services	1,543,000
Miscellaneous Revenues	5,000
Total Estimated Revenues	1,548,000	203,160
Other Financing Sources:
Fund Balance Appropriated	614,518
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	2,162,518

PROPOSED APPROPRIATIONS
Physical Environment	2,162,518
TOTAL PROPOSED APPROPRIATIONS	2,162,518

GREATER LEESBURG COMMUNITY REDEVELOPMENT AGENCY

ESTIMATED REVENUES AND OTHER RECEIPTS
Intergovernmental Revenue	194,907
Total Estimated Revenues	194,907
Other Financing Sources:
Transfers from other Funds	157,109
Fund Balance Appropriated	184,961
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS	536,977

	GREATER LEESBURG COMMUNITY REDEVELOPMENT AGENCY (Continued)

	PROPOSED APPROPRIATIONS
	Economic Environment							512,929
	Non Expenditures:
	Debt Service							24,048
	TOTAL PROPOSED APPROPRIATIONS							536,977

	CARVER HEIGHTS COMMUNITY REDEVELOPMENT AGENCY

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Intergovernmental Revenue							98,342
	Miscellaneous Revenue							340
	Total Estimated Revenues							98,682
	Other Financing Sources:
	Transfers from other Funds							79,271
	Fund Balance Appropriated- Note Proceeds							55,799
	Fund Balance Appropriated							37,190
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							270,942

	PROPOSED APPROPRIATIONS
	Economic Environment							14,560
	Non Expenditures:
	Debt Service							200,583
	Transfers to other Funds							55,799
	TOTAL PROPOSED APPROPRIATIONS							270,942

	US HWY 441/27 COMMUNITY REDEVELOPMENT AGENCY

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Fund Balance Appropriated- Bond Proceeds							680,006
	Fund Balance Appropriated							18,500
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							698,506









	US HWY 441/27 COMMUNITY REDEVELOPMENT AGENCY (Continued)

	PROPOSED APPROPRIATIONS
	Economic Environment							2,500
	Non Expenditures:
	Debt Service							696,006
	TOTAL PROPOSED APPROPRIATIONS							698,506

	DEBT SERVICE FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Transfers from other Funds							1,628,054
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							1,628,054

	PROPOSED APPROPRIATIONS
	Non Expenditures:
	Debt Service							1,628,054
	TOTAL PROPOSED APPROPRIATIONS							1,628,054

	CAPITAL PROJECTS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Intergovernmental Revenue							1,120,000
	Total Estimated Revenues							1,120,000
	Other Financing Sources:
	Transfers from other Funds							588,500
	Fund Balance- Bond Proceeds							525,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							2,233,500

	PROPOSED APPROPRIATIONS
	Public Safety							120,000
	Transportation							1,778,000
	Culture/Recreation							335,000
	Non Expenditures:
	Debt Service							500
	TOTAL PROPOSED APPROPRIATIONS							2,233,500








	ELECTRIC FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							74,106,716
	Miscellaneous Revenues							303,243
	Other Sources							100,000
	Total Estimated Revenues:							74,509,959
	Other Financing Sources:
	Fund Balance Appropriated- Renewal & Replacement							1,160,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							75,669,959

	PROPOSED APPROPRIATIONS
	Physical Environment							67,020,058
	Non Expenditures:
	Transfers to other Funds							5,928,438
	Debt Service							2,525,021
	Reserves- Contributions to Retained Earnings							196,442
	TOTAL PROPOSED APPROPRIATIONS							75,669,959

	GAS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							7,597,041
	Miscellaneous Revenues							27,500
	Other Sources							189,617
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							7,814,158

	PROPOSED APPROPRIATIONS
	Physical Environment							6,680,300
	Non Expenditures:
	Transfers to other Funds							668,950
	Debt Service							419,982
	Reserves- Contributions to Retained Earnings							44,926
	TOTAL PROPOSED APPROPRIATIONS							7,814,158

	WATER FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							7,036,393
	Miscellaneous Revenues							18,500
	Other Sources							530,000
	Total Estimated Revenues:							7,584,893
	Other Financing Sources:
	Fund Balance Appropriated- Renewal & Replacement							372,800
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							7,957,693

	PROPOSED APPROPRIATIONS
	Physical Environment							5,626,257
	Non Expenditures:
	Transfers to other Funds							762,933
	Debt Service							1,568,503
	TOTAL PROPOSED APPROPRIATIONS							7,957,693

	WASTEWATER FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							9,799,637
	Miscellaneous Revenues							21,000
	Total Estimated Revenues							9,820,637
	Other Financing Sources:
	Fund Balance Appropriated- Renewal & Replacement							1,583,000
	Fund Balance Appropriated							126,906
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							11,530,543

	PROPOSED APPROPRIATIONS
	Physical Environment							8,890,462
	Non Expenditures:
	Transfers to other Funds							700,751
	Debt Service							1,939,330
	TOTAL PROPOSED APPROPRIATIONS							11,530,543







	COMMUNICATIONS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							1,446,560
	Miscellaneous Revenue							2,400
	Total Estimated Revenues							1,448,960
	Other Financing Sources:
	Fund Balance Appropriated- Renewal & Replacement							210,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							1,658,960

	PROPOSED APPROPRIATIONS
	Physical Environment							1,538,975
	Non Expenditures:
	Debt Service							34,789
	Reserves- Contributions to Retained Earnings							85,196
	TOTAL PROPOSED APPROPRIATIONS							1,658,960

	SOLID WASTE FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							3,617,791
	Miscellaneous Revenues							5,200
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							3,622,991

	PROPOSED APPROPRIATIONS
	Physical Environment							3,214,025
	Non Expenditures:
	Reserves- Contributions to Retained Earnings							146,677
	Transfers to other Funds							262,289
	TOTAL PROPOSED APPROPRIATIONS							3,622,991

	POLICE PENSION FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Taxes							159,139
	Miscellaneous Revenues							860,045
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							1,019,184






	POLICE PENSION FUND (Continued)
	PROPOSED APPROPRIATIONS
	General Government							725,000
	Non Expenditures:
	Reserves- Contributions to Fund Balance							294,184
	TOTAL PROPOSED APPROPRIATIONS							1,019,184

	FIRE PENSION FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Taxes							110,449
	Miscellaneous Revenues							1,110,419
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							1,220,868

	PROPOSED APPROPRIATIONS
	General Government							860,000
	Non Expenditures:
	Reserves- Contributions to Fund Balance							360,868
	TOTAL PROPOSED APPROPRIATIONS							1,220,868

	GENERAL EMPLOYEE'S PENSION FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Miscellaneous Revenues							2,375,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							2,375,000

	PROPOSED APPROPRIATIONS
	General Government							2,375,000
	TOTAL PROPOSED APPROPRIATIONS							2,375,000

	HEALTH INSURANCE FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							6,117,016
	Miscellaneous Revenues							86,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							6,203,016





	HEALTH INSURANCE FUND (Continued)

	PROPOSED APPROPRIATIONS
	General Government							5,784,822
	Non Expenditures:
	Reserves- Contribution to Fund Balance							418,194
	TOTAL PROPOSED APPROPRIATIONS							6,203,016

	WORKERS' COMPENSATION FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Charges for Services							625,321
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							625,321

	PROPOSED APPROPRIATIONS
	General Government							625,321
	TOTAL PROPOSED APPROPRIATIONS							625,321

	DISCRETIONARY SALES TAX FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Taxes							1,629,325
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							1,629,325

	PROPOSED APPROPRIATIONS
	Non Expenditures:
	Transfers to other Funds							1,629,325
	TOTAL PROPOSED APPROPRIATIONS							1,629,325

	GAS TAX FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Taxes							838,326
	Intergovernmental Revenue							139,379
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							977,705

	PROPOSED APPROPRIATIONS
	Non Expenditures:
	Transfers to other Funds							977,705
	TOTAL PROPOSED APPROPRIATIONS							977,705

	BUILDING PERMITS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Licenses & Permits							355,000
	Intergovernmental Revenue							1,500
	Total Estimated Revenues							356,500
	Other Financing Sources:
	Fund Balance Appropriated							79,107
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							435,607

	PROPOSED APPROPRIATIONS
	Public Safety							435,607
	TOTAL PROPOSED APPROPRIATIONS							435,607

	POLICE EDUCATION RECEIPTS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Fund Balance Appropriated							15,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							15,000

	PROPOSED APPROPRIATIONS
	Public Safety							15,000
	TOTAL PROPOSED APPROPRIATIONS							15,000

	POLICE IMPACT FEES FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Fund Balance Appropriated							5,800
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							5,800

	PROPOSED APPROPRIATIONS
	Public Safety							5,800
	TOTAL PROPOSED APPROPRIATIONS							5,800

	RECREATION IMPACT FEES FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Fund Balance Appropriated							50,000
	TOTAL ESTIMATED REVENUE AND OTHER RECEIPTS							50,000





	RECREATION IMPACT FEES FUND (Continued)

	PROPOSED APPROPRIATIONS
	Non Expenditures:
	Transfers to other Funds							50,000
	TOTAL PROPOSED APPROPRIATIONS							50,000

	MAGNOLIA TOWNHOMES FUND
	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Transfers from other Funds							156,093
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							156,093

	PROPOSED APPROPRIATIONS
	Economic Environment							3,093
	Non Expenditures:
	Debt Service							153,000
	TOTAL PROPOSED APPROPRIATIONS							156,093

	ALL FUNDS

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Ad Valorem Taxes							4,729,318
	Other Taxes							7,169,036
	Licenses and Permits							462,300
	Intergovernmental Revenue							3,586,326
	Charges for Services							112,418,569
	Fines and Forfeits							87,000
	Miscellaneous Revenues							6,011,641
	Other Sources							819,617
	Total Estimated Revenues							135,283,807
	Other Financing Sources:
	Fund Balance Appropriated- Renewal & Replacement							3,325,800
	Fund Balance Appropriated- Bond Proceeds							1,205,006
	Fund Balance Appropriated- Note Proceeds							55,799
	Fund Balance Appropriated							1,183,952
	Transfers from other Funds							11,957,927
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS							153,012,291

PROPOSED APPROPRIATIONS
General Government		11,664,172
Public Safety		14,285,541
Physical Environment		95,235,766
Transportation		4,086,170
Economic Environment		701,826
Human Services		5,000
Culture/Recreation		4,062,455
Other Uses		282,131
Non Expenditures:
Transfers to other Funds		11,952,927
Debt Service		9,189,816
Reserves- Contributions to Fund Balance		1,073,246
Reserves- Contributions to Retained Earnings		473,241
TOTAL PROPOSED APPROPRIATIONS		153,012,291


SECTION II.

This resolution shall become effective immediately upon its passage and adoption by the
Leesburg City Commission.
PASSED AND ADOPTED at a special meeting of the City Commission of the City of Leesburg, Florida held the 8^th day of September 2011.




	Mayor
ATTEST:


City Clerk