AGENDA MEMORANDUM

 

Meeting Date:           December 12, 2011

 

From:                          Brandy McDaniel, Budget Manager

 

Subject:                      Ordinance amending the fiscal year 2010-11 Budget for the General, Stormwater, Capital Projects, Electric, Water, Wastewater and Discretionary Sales Tax funds for the Fourth Quarter.

 

 

Staff Recommendation:

Staff recommends adoption of the attached ordinance amending the fiscal year 2010-11 budget for the General, Stormwater, Capital Projects, Electric, Water, Wastewater and Discretionary Sales Tax 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:

 

General Fund (G.F.):                                                                        Funding Source

Lifepak 15 Monitor Grant (FD)                       $     23,053      State Grant

US Dept of Justice Byrne Grant (PD)                    16,621      Federal Grant

WWT Generator  (PW- Fleet)                                50,000      Transfer from WWT

Police Cruiser #8051 Accident (PD)                       2,406      Miscellaneous Reimbursement

Lakefront TV Relocation (PW)                              11,098      Transfer from Electric

Water Generator  #3020 damaged (PW-Fleet)                  50,589      Miscellaneous Reimbursement

JAG Grant (PD)                                                     20,829      Federal Grant

Total General Fund                                      $    174,596

 

Stormwater Fund:

Recognize Depreciation Expense                   $    493,409      Fund Balance

Total Stormwater Fund                               $    493,409

 

 

Capital Projects Fund:

Update Signage Project (Airport)                    $    (20,001)     Federal & State Grant

Wildlife Hazard Assessment Project (Airport)         77,336    Federal Grant

Total Capital Projects Fund                                    $     57,335

 

 

 

 

Electric Fund:

Lakefront TV Relocation

(transfer to G.F., Water & WWT)                   $      12,480     Fund Balance

Total Electric Fund                                      $      12,480

 

 

Water Fund:

Lakefront TV Relocation                                $             691   Transfer from Electric

Water Generator  #3020 damaged                           23,130    Miscellaneous Reimbursement

Total Water Fund                                          $        23,821

 

 

Wastewater Fund:

 Lakefront TV Relocation                                $            691   Transfer from Electric

Total Wastewater Fund                                 $            691

 

 

Discretionary Sales Tax Fund:

Mitigation for RW 13/31 & Taxiway A

(funding for Capital Projects Fund- Airport)   $       (10,077)  Fund Balance

Total Discretionary Sales Tax Fund           $        (10,077)   

 

Options:        

  1. Adopt the attached ordinance amending the fiscal year 2010-11 budget for the General, Stormwater, Capital Projects, Electric, Water, Wastewater and Discretionary Sales Tax Funds, or

 

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

 

Fiscal Impact

The following funds will increase as seen below:

 

 

FUND

FY 2011

ADOPTED

 

CHANGE

FY 2011

AMENDED

General

24,464,114

174,596

24,638,710

Stormwater

3,351,021

493,409

3,844,430

Greater Leesburg CRA

622,429

-0-

622,429

Carver Heights CRA

1,445,297

-0-

1,445,297

Hwy 441/27 CRA

8,448,067

-0-

8,448,067

Debt Service

1,689,539

-0-

1,689,539

Capital Projects

3,354,213

57,335

3,411,548

Electric

84,168,615

12,480

84,181,095

Gas

11,069,620

-0-

11,069,620

Water

14,701,622

23,821

14,725,443

Wastewater

10,471,148

691

10,471,839

Communications

1,613,279

-0-

1,613,279

Solid Waste

3,627,791

-0-

3,627,791

Police Pension

863,445

-0-

863,445

Fire Pension

1,394,669

-0-

1,394,669

General Employees Pension

2,415,000

-0-

2,415,000

Health Insurance

5,347,879

-0-

5,347,879

Workers’ Compensation

625,321

-0-

625,321

Discretionary Sales Tax

1,772,446

(10,077)

1,762,369

Gas Tax

1,130,772

-0-

1,130,772

 

Recreation Impact Fees

25,088

-0-

25,088

Building Permits

414,473

-0-

414,473

Police Forfeiture

14,000

-0-

14,000

Police Education Receipts

10,350

-0-

10,350

Magnolia Townhomes

                   188,773

                              -0-  

                         188,773

Total

$183,228,971

$752,255

$183,981,226

 

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

 

Department: ______________________

Prepared by:  __________________                     

Attachments:  Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Newspapers:

_________________________________                                                    

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. ______________                                     

                              

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 2010-11 BUDGET FOR THE GENERAL, STORMWATER, CAPITAL PROJECTS, ELECTRIC, WATER, WASTEWATER AND DISCRETIONARY SALES TAX FUNDS FOR THE FOURTH QUARTER; AND PROVIDING AN EFFECTIVE DATE.

 

          WHEREAS, the City Commission of the City of Leesburg adopted a budget for Fiscal Year 2010-11 on September 27, 2010, 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 2010-11 to provide funds for various projects as adopted at City Commission meetings, and

 

            WHEREAS, such action was not anticipated in the original 2010-11 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 2010-11 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 2010-11 for the City of Leesburg, Florida:

 

GENERAL FUND

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Miscellaneous Revenues

52,995

Intergovernmental Revenue

60,503

Other Financing Sources:

 

   Transfer from Electric

11,098

   Transfer from Wastewater

50,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

174,596

 

PROPOSED APPROPRIATIONS

 

General Government

111,687

Public Safety

62,909

TOTAL PROPOSED APPROPRIATIONS

174,596

 

 

 

 

 

 

 

STORMWATER FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

   Fund Balance Appropriated

493,409

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

493,409

 

PROPOSED APPROPRIATIONS

 

Physical Environment

493,409

TOTAL PROPOSED APPROPRIATIONS

493,409

 

CAPITAL PROJECTS FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Intergovernmental Revenue

57,335

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

57,335

 

PROPOSED APPROPRIATIONS

 

Transportation

57,335

TOTAL PROPOSED APPROPRIATIONS

57,335

 

ELECTRIC FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

       Fund Balance Appropriated

12,480

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

12,480

 

PROPOSED APPROPRIATIONS

 

Non Expenditures:

      Transfer to General Fund

11,098

      Transfer to Water Fund

691

      Transfer to Wastewater Fund

691

TOTAL PROPOSED APPROPRIATIONS

12,480

 

WATER FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Miscellaneous Revenues

23,130

Other Financing Sources:

 

     Transfer from Electric

691

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

23,821

 

PROPOSED APPROPRIATIONS

 

Physical Environment

23,821

TOTAL PROPOSED APPROPRIATIONS

23,821

 

WASTEWATER FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

       Transfer from Electric

691

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

691

 

PROPOSED APPROPRIATIONS

 

Physical Environment

691

TOTAL PROPOSED APPROPRIATIONS

691

 

DISCRETIONARY SALES TAX FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

       Fund Balance Appropriated

(10,077)

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

(10,077)

 

PROPOSED APPROPRIATIONS

 

Other Uses

(10,077)

TOTAL PROPOSED APPROPRIATIONS

(10,077)

 

ALL FUNDS

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Miscellaneous Revenues

76,125

Intergovernmental Revenue

117,838

Other Financing Sources:

 

     Fund Balance Appropriated

495,812

     Transfers from Other Funds

62,480

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

752,255

 

ALL FUNDS 

 

PROPOSED APPROPRIATIONS

 

General Government

111,687

Transportation

57,335

Public Safety

62,909

Physical Environment

517,921

Other Uses

(10,077)

Non Expenditures:

      Transfers to Other Funds

12,480

TOTAL PROPOSED APPROPRIATIONS

752,255

 

 

 

 

 

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    , 2012.

 

 

 

 

                                                                                                ______________________________

                                                                                                Mayor

 

ATTEST:

 

 

 

_____________________________________

City Clerk