AGENDA MEMORANDUM

 

Meeting Date:           January 9, 2012

 

From:                          Brandy McDaniel, Budget Manager

 

Subject:                      Ordinance amending the fiscal year 2011-12 Budget for the General, Greater Leesburg CRA, and Capital Projects Funds for the First Quarter.

 

 

Staff Recommendation:

Staff recommends adopting the attached ordinance amending the Fiscal Year 2011-12 budget for the General, Greater Leesburg CRA and Capital Projects Funds for the First 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:

 

 

Generator for WWT (Fleet)

$ 20,969

Transfer from WWT

Fire Pension Increase (FD)

90,590

Fund Balance

Rebuild Water Generator (Fleet)

           21,554

Transfer from Water

Total General Fund

$ 133,113

 

 

 

 

Greater Leesburg CRA:

 

 

Acquire Faunda Property

$20,000

Fund Balance

Sign Grant Program

16,000

Fund Balance

Total Greater Leesburg CRA Fund

$ 36,000

 

 

 

 

Capital Projects:

 

 

Leesburg Wildwood Trail Project

$  1,597,693

State Grant

Airport Security Project

 52,772

State Grant

Total Capital Projects Fund

$ 1,650,465

 

 

 

 

 

 

 

 

 

Options:        

  1. Adopt the attached ordinance amending the fiscal year 2011-12 budget for the General, Greater Leesburg CRA and Capital Projects 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 2012

ADOPTED

 

CHANGE

FY 2012

AMENDED

General

23,259,587

133,113

23,392,700

Stormwater

4,046,916

-0-

4,046,916

Greater Leesburg CRA

664,660

36,000

700,660

Carver Heights CRA

1,265,886

-0-

1,265,886

Hwy 441/27 CRA

5,723,304

-0-

5,723,304

Debt Service

1,628,054

-0-

1,628,054

Capital Projects

3,421,355

1,650,465

5,071,820

Electric

85,782,443

-0-

85,782,443

Gas

9,834,009

-0-

9,834,009

Water

13,243,974

-0-

13,243,974

Wastewater

11,661,997

-0-

11,661,997

Communications

1,763,080

-0-

1,763,080

Solid Waste

3,622,991

-0-

3,622,991

Police Pension

1,019,184

-0-

1,019,184

Fire Pension

1,220,868

-0-

1,220,868

General Employees Pension

2,375,000

-0-

2,375,000

Health Insurance

6,203,016

-0-

6,203,016

Workers’ Compensation

625,321

-0-

625,321

Discretionary Sales Tax

1,669,799

-0-

1,669,799

Gas Tax

977,705

-0-

977,705

Police Impact Fees

Recreation Impact Fees

Building Permits

5,800

58,964

435,607

-0-

-0-

-0-

5,800

58,964

435,607

Police Education Receipts

15,000

-0-

15,000

Magnolia Townhomes

                   156,093

                                -0-

                         156,093

Total

$180,680,613

$1,819,578

$182,500,191

 

Submission Date and Time:    1/5/12 1:47 PM____

 

Department: __Finance_____________

Prepared by:  __Brandy McDaniel__                     

Attachments:  Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Newspapers:

_________________________________                                                    

_________________________________           

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 2011-12 BUDGET FOR THE GENERAL, GREATER LEESBURG CRA, AND CAPITAL PROJECTS FUNDS FOR THE FIRST QUARTER; AND PROVIDING AN EFFECTIVE DATE.

 

          WHEREAS, the City Commission of the City of Leesburg Florida, adopted a budget for Fiscal Year 2011-12 on September 26, 2011, 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 2011-12 to provide funds for various projects as adopted at City Commission meetings, and

 

 

          WHEREAS, such action was not anticipated in the original 2011-12 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 2011-12 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 2011-12 for the City of Leesburg, Florida:

 

 

GENERAL FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

  Fund Balance Appropriated

90,590

 

  Transfer from Water

21,554

 

  Transfer from Wastewater

20,969

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

133,113

 

 

PROPOSED APPROPRIATIONS

 

General Government

42,523

 

Public Safety

90,590

 

TOTAL PROPOSED APPROPRIATIONS

133,113

 

 

 


 

GREATER LEESBURG CRA FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

  Fund Balance

36,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

36,000

PROPOSED APPROPRIATIONS

 Economic Environment

36,000

TOTAL PROPOSED APPROPRIATIONS

36,000

CAPITAL PROJECTS FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

State Grant

1,650,465

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

1,650,465

PROPOSED APPROPRIATIONS

Transportation

52,772

Culture & Recreation

1,597,693

TOTAL PROPOSED APPROPRIATIONS

1,605,465

 

ALL FUNDS

ESTIMATED REVENUES AND OTHER RECEIPTS

State Grant

1,650,465

Other Financing Sources:

     Transfers from Other Funds

42,523

     Fund Balance Appropriated

126,590

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

       1,819,578

ALL FUNDS

PROPOSED APPROPRIATIONS

General Government

42,523

Transportation

52,772

Economic Environment

36,000

Public Safety

90,590

Culture & Recreation

       1,597,693

TOTAL PROPOSED APPROPRIATIONS

1,819,578       

 

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 ______ day of January, 2012.

 

 

Mayor

ATTEST:

 

 

 

 

 

 City Clerk