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:

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

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: 1/20/12 11:05 AM____

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