AGENDA MEMORANDUM
Meeting Date: November 13, 2006
From: Jerry Boop, CPA, Deputy Finance Director
Subject: Ordinance Amending the Fiscal Year 2005-06 Budget for various funds Fourth Quarterly Budget Adjustment
Staff Recommendation:
Staff recommends adopting the attached ordinance amending the fiscal year 2005-06 budget for the General, Capital Projects, Electric, Gas, Water, Wastewater and Communications Funds.
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.
Budget adjustments are required due to the following changes:
Furniture, fixtures, and equipment for the new maintenance facility (Public Works)
Lake County Water Alliance/St. Johns Water Management
Urban Forestry Grant/Tree Survey
EMS Grant (Fire)
Gas purchase supply costs (Gas used for resale)
USAR Training Grant (Fire)
Workforce Grant (Fire)
JAG Grant (Police)
Lakefront TV Reimbursement (Sponsorship of programs by third parties)
Electric purchase power costs
Lake St. & Main St. Improvements Grant
Canal Street Treatment Plant
Trailer for Downtown Partnership
Self Check Stations-Friends of the Library
Options:
1. Adopt the attached ordinance amending the fiscal year 2005-06 budget for the General,
Capital Projects, Electric, Gas, Water, Wastewater, and Communications Funds, or
2. Such other action as the City Commission may deem necessary.
Fiscal Impact:
The following funds will increase as seen below:
FY 2006 FY 2006
FUND CURRENT CHANGE AMENDED
General 24,762,846 118,589 24,881,435
Capital Projects 22,496,534 48,240 22,544,774
Electric 59,923,117 3,007,734 62,930,851
Gas 10,665,524 800,000 11,465,524
Water 15,218,159 350,000 15,568,159
Wastewater 20,717,946 4,712,357 25,430,303
Communications 1,253,035 7,600 1,260,635
Total 155,037,161 9,044,520 164,081,681
Submission Date and Time: 11/9/06 12:22 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 __________RS_________ |
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 2005-06 BUDGET FOR THE GENERAL, CAPITAL, ELECTRIC, GAS, WATER, WASTEWATER, AND COMMUNICATION FUNDS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Leesburg adopted a budget for Fiscal Year 2005-06 on September 26, 2005, 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 2005-06 to provide funds for various projects as adopted at City Commission meetings, and
WHEREAS, such action was not anticipated in the original 2005-06 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 2005-06 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 2005-06 for the City of Leesburg,
GENERAL FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Urban Forestry Grant 30,000
Fire Impact Fees 16,000
State Grant 8,773
Grants/ Other Local Units 15,877
Federal Grant 47,939
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS 118,589
PROPOSED APPROPRIATIONS
Culture/ Recreation 30,000
Public Safety 88,589
TOTAL PROPOSED APPROPRIATIONS 118,589
CAPITAL PROJECTS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Transfer from General Fund 4,085
Transfer from Sanitation 1,795
Grants Other Local Units 79,550
Contributions/ Donations (37,190)
TOTAL ESTIMATED REVENUES AND OTHER 48,240
PROPOSED APPROPRIATIONS
General Government 5,880
Culture/ Recreation (37,190)
Transportation 79,550
TOTAL PROPOSED APPROPRIATIONS 48,240
ELECTRIC FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Revenue 3,002,930
Transfer to General Fund 4,804
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS 3,007,734
PROPOSED APPROPRIATIONS
Physical Environment 3,007,734
TOTAL PROPOSED APPROPRIATIONS 3,007,734
GAS FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Revenue 800,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS 800,000
PROPOSED APPROPRIATIONS
Physical Environment 800,000
TOTAL PROPOSED APPROPRIATIONS 800,000
WATER FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
State Grant 1,870,000
Debt Proceeds (1,520,000)
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS _ _350,000
PROPOSED APPROPRIATIONS
Physical Environment __ 350,000
TOTAL PROPOSED APPROPRIATIONS __ 350,000
WASTEWATER FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Impact Fees 3,192,357
Debt Proceeds 1,520,000
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS 4,712,357
PROPOSED APPROPRIATIONS
Physical Environment 4,712,357
TOTAL PROPOSED APPROPRIATIONS 4,712,357
COMMUNICATION FUND
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Other Miscellaneous Revenue 7,600
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS 7,600
PROPOSED APPROPRIATIONS
Physical Environment 7,600
TOTAL PROPOSED APPROPRIATIONS 7,600
ALL FUNDS
ESTIMATED REVENUES AND OTHER RECEIPTS
Other Financing Sources:
Transfer from General Fund 8,889
Urban Forestry 30,000
Fire Impact Fees 16,000
State Grant 1,878,773
Grants/ Other Local Units 95,427
Federal Grant 47,939
Transfer from Sanitation 1,795
Contributions Donations (37,190)
Revenue 3,802,930
Debt Proceeds
Impact Fees 3,192,357
Other Miscellaneous Revenue 7,600
TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS 9,044,520
ALL FUNDS
PROPOSED APPROPRIATIONS
General Government 5,880
Public Safety 88,589
Physical Environment 8,877,691
Transportation 79,550
Culture Recreation (7,190)
TOTAL PROPOSED APPROPRIATIONS 9,044,520
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 13th day of November, 2006.
________________________________
Bob Lovell, Mayor
ATTEST:
___________________________________
City Clerk