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