Description: AGENDAHED.JPG
  

Item No:                    5A.

 

Meeting Date:           February 25, 2013

 

From:                          Brandy McDaniel, Budget Manager

 

Subject:                      Ordinance amending the fiscal year 2012-13 Budget for the General, Debt Service, Communications and Magnolia Townhomes Funds for the First Quarter

 

 


Staff Recommendation:

Staff recommends adopting the attached ordinance amending the Fiscal Year 2012-13 budget for the General, Debt Service, Communications and Magnolia Townhomes 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:

Adjust UT Contribution from 1.2% to 1%                $(159,991)         Transfer from Electric,

  Final Budget was too high                                                                   Water, WWT

US Dept of Justice Grant- 13 Tasers (Police)                 16,574          Federal Grant

US Dept of Justice Grant- 11 Tasers (Police)                 13,309          Federal Grant

Transfer from Gas for ALS Equipment (Fire)               (12,500)         Transfer from Gas

Training Grant- (Police)                                                   1,000          Contribution/Donation

 Total General Fund                                              $(141,608)

 

Debt Service:

Magnolia Townhomes Debt Service                            $966,820         Transfer from Gas

Total Debt Service Fund                                            $966,820

 

Communications:

Lake County Justice Center Relocation                          $90,000        Renewal & Replacement

Core & Remote Switching Infrastructure                        55,000         Renewal & Replacement

Total Communications Fund                                  $145,000

 

Magnolia Townhomes:

Magnolia Townhomes Debt Service                         $(996,820)         Transfer from Gas

Total Magnolia Townhomes Fund                       $(996,820)

Options:

1.  Adopt the attached ordinance amending the fiscal year 2012-13 budget for the General, Debt Service,  Communications and Magnolia Townhomes Funds, or

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact: 

The following funds will increase/decrease as seen below:

 

FUND

FY 2013

ADOPTED

 

CHANGE

FY 2013

AMENDED

General

24,790,215

(141,608)

24,648,607

Stormwater

3,179,107

-0-

3,179,107

Greater Leesburg CRA

607,380

-0-

607,380

Carver Heights CRA

1,116,300

-0-

1,116,300

Hwy 441/27 CRA

1,127,040

-0-

1,127,040

Debt Service

1,633,998

966,820

2,600,818

Capital Projects

5,540,020

-0-

5,540,020

Electric

77,244,400

-0-

77,244,400

Gas

10,567,087

-0-

10,567,087

Water

12,025,405

-0-

12,025,405

Wastewater

12,130,994

-0-

12,130,994

Communications

2,381,822

145,000

2,526,822

Solid Waste

3,666,759

-0-

3,666,759

Police Pension

1,335,821

-0-

1,335,821

Fire Pension

1,429,917

-0-

1,429,917

General Employees Pension

2,737,439

-0-

2,737,439

Health Insurance

6,211,998

-0-

6,211,998

Workers’ Compensation

1,198,921

-0-

1,198,921

Discretionary Sales Tax

1,721,624

-0-

1,721,624

Gas Tax

940,093

-0-

940,093

Police Impact Fees

Recreation Impact Fees

Building Permits

15,131

50,000

438,870

-0-

-0-

-0-

15,131

50,000

438,870

Police Education Receipts

15,000

-0-

15,000

Fleet Services

3,721,592           

-0-

                       3,721,592

Magnolia Townhomes

                 966,820

   (966,820)

0

Total

$176,793,753

$3,392

$176,797,145

 


Submission Date and Time:    2/20/2013 5:39 PM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _various___________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________