MEMORANDUM

 

 

MEETING DATE:   September 13, 2007

 

FROM:                       Jerry Boop, CPA, Deputy Finance Director

 

SUBJECT:                  Ordinance Amending the Fiscal Year 2006-07 Budget for various funds

                                    Third Quarterly Budget Adjustment

 

 

Staff Recommendation:

Staff recommends adopting the attached ordinance amending the fiscal year 2006-07 budget for the General, Stormwater Capital Projects, Electric, Gas, Water, Wastewater, Building Permits, Discretionary Sales Tax, Police Impact Fees, Recreation Impact Fees, and Fire Impact Fees 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. 

 

These budget adjustments are required due to the following changes:

 

General Fund:                                                                                   Funding Source:

Logger Recorder                                               $      11,131                Lake County Grant

Dispatch Software & Hardware                               60,750                EMS Grant

Fire Training                                                               3,400                Workforce Grant        

Reduction of expenditures                                     (973,779)               Fund Balance

Reclass Police Impact fees to new fund                (277,123)               Police Impact Fees

Reclass Recreation Impact Fees to new fund        (437,144)               Recreation Impact Fees

Reclass Building Permits to new fund                (1,127,299)               Licenses & Permits

Reclass Building Permits to new fund                    198,591                Fund Balance

Reclass Discretionary Sales Tax to new fund     $ 1,019,879              Intergovernmental Revenue

            Total Decrease                                                 $(1,521,594)              

 

 

Stormwater Fund:                                                                             Funding Source:

Whispering Pines                                              $   (436,140)               Stormwater Mgmt. Grant

Whispering Pines                                                   (436,140)               Lake County Water Authority

Venetian Gardens                                                     44,244                SJRWMD Grant

Venetian Gardens                                                     72,366                FDEP Grant

Canal Street WWTP Ditch                                $      44,250                 SJRWMD Grant

            Total Decrease                                                 $   (711,420)

 

Capital Projects Fund:                                                                      Funding Source:       

Correction of Bond Allocation                                     $    810,322                Fund Balance

            Total Increase                                       $    810,322                           

                                                                                                                                   

Electric Fund:                                                                                   Funding Source:

2007 Bond Issue                                               $ 9,523,000                Debt Proceeds                                      

Hwy 441 Lights                                                $    542,450                 FDOT Grant 

            Total Increase                                       $10,065,450              

 

Gas Fund:                                                                                          Funding Source:

2007 Bond Issue                                               $ 2,400,000                Debt Proceeds

            Total Increase                                       $ 2,400,000

 

Water Fund:                                                                                       Funding Source:

2007 Bond Issue                                               $ 9,849,000                Debt Proceeds

            Total Increase                                       $ 9,849,000

 

Wastewater Fund:                                                                             Funding Source:

2007 Bond Issue                                               $ 1,947,500                Debt Proceeds

            Total Increase                                       $ 1,947,500

 

Building Permits Fund:                                                                    Funding Source:       

Reclass Building Permits to new fund               $ 1,127,299               Licenses & Permits

            Total Increase                                       $ 1,127,299

 

Discretionary Sales Tax Fund:                                                        Funding Source:

Reclass Discretionary Sales Tax to new fund    $ 1,865,905               Taxes

            Total Increase                                      $  1,865,905

 

Police Impact Fees Fund:                                                                Funding Source:

Reclass Police Impact Fees to new fund         $     277,123                Police Impact Fees

            Total Increase                                      $     277,123   

 

Fire Impact Fees Fund:                                                                   Funding Source:

Reclass Fire Impact Fees to new fund             $      258,449               Fire Impact Fees

            Total Increase                                     $      258,449

 

 

Recreation Impact Fees Fund:                                                       Funding Source:

Reclass Recreation Impact Fees to new fund   $     437,144               Recreation Impact Fees

            Total Increase                                      $     437,144

 

Options:        

1.         Adopt the attached ordinance amending the fiscal year 2006-07 budget for the General, Stormwater, Capital Projects, Electric, Gas, Water, Wastewater, Building Permits, Discretionary Sales Tax, Police Impact Fees, Fire Impact Fees, and Recreation Impact Fees Funds, or

 

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

 

 

Fiscal Impact

The following funds will increase as seen below

 

 

FUND

FY 2007

CURRENT

 

CHANGE

FY 2007

AMENDED

General

29,565,245

(1,521,594)

28,043,651

Stormwater

3,907,442

(711,420)

3,196,022

Capital Projects

22,728,633

810,322

23,538,955

Electric

71,029,174

10,065,450

81,094,624

Gas

13,164,453

2,400,000

15,564,453

Water

18,153,450

9,849,000

28,002,450

Wastewater

19,690,720

1,947,500

21,638,220

Building Permits

0

1,127,299

1,127,299

Discretionary Sales Tax

0

1,865,905

1,865,905

Police Impact Fees

0

277,123

277,123

Fire Impact Fees

0

258,449

258,449

Recreation Impact Fees

0

437,144

437,144

 

 

 

 

Total

178,239,117

26,805,178

205,044,295

 

 

 

 

 

 

 

 

 

 

 

 

 

Submission Date and Time:    9/11/07 11:57 AM____

 

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 2006-07 BUDGET FOR THIRD QUARTER AJUSTMENTS FOR THE GENERAL, STORMWATER, CAPITAL PROJECTS, ELECTRIC, GAS, WATER, WASTEWATER, BUILDING PERMITS, DISCRETIONARY SALES TAX,  POLICE IMPACT FEES, FIRE IMPACT FEES AND RECREATION IMPACT FEES FUNDS; AND PROVIDING AN EFFECTIVE DATE.

 

 

 

 

 

 

 

 

 

 

 

          WHEREAS, the City Commission of the City of Leesburg adopted a budget for Fiscal Year 2006-07 on September 25, 2006, 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 2006-07 to provide funds for various projects as adopted at City Commission meetings, and

 

 

 

 

 

 

 

 

 

 

          WHEREAS, such action was not anticipated in the original 2006-07 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 2006-07 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 2006-07 for the City of Leesburg, Florida:

 

 

 

 

 

 

 

 

 

 

 

GENERAL FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Police Impact Fees

 

 

 

 

       (277,123)

 

  

     Recreation Impact Fees

 

 

 

 

       (437,144)

 

    

     Grants Other Local Units

 

 

 

 

           11,131

 

 

     State Grants

 

 

 

 

 

           60,750

 

 

     Federal Grants

 

 

 

 

 

             3,400

 

 

     Fund Balance

 

 

 

 

 

       (775,188)

 

 

     Licenses & Permits

 

 

 

 

    (1,127,299)

 

 

     Intergovernmental Revenue

 

 

 

     1,019,879

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

    (1,521,594)

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

(71,413)

 

 

Public Safety

 

 

 

 

 

(939,177)

 

 

General Government

 

 

 

 

(1,092,147)

 

 

Culture/ Recreation

 

 

 

 

 

(207,594)

 

 

Transportation

 

 

 

 

 

(215,942)

 

 

Economic Environment

 

 

 

 

(15,200)

 

 

Non Expenditures:

 

 

 

 

 

 

 

 

  Transfers to Other Funds

 

 

 

 

1,019,879

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

    (1,521,594)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STORMWATER FUND

 

 

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

   State Grant

 

 

 

 

 

(275,280)

 

 

   Grants Other Local Units

 

 

 

 

(436,140)

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

(711,420)

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

(711,420)

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

(711,420)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL PROJECTS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Fund Balance

 

 

 

 

 

        810,322

 

 

TOTAL ESTIMATED REVENUES AND OTHER

 

        810,322

 

 

 

 

 

 

 

 

 

 

 


 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Transportation

 

 

 

 

 

        189,323

 

 

General Government

 

 

 

 

        579,412

 

 

Culture/Recreation

 

 

 

 

 

           41,587

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        810,322

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ELECTRIC FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

      State Grants

 

 

 

 

 

        542,450

 

 

      Debt Proceeds

 

 

 

 

 

     9,523,000

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

   10,065,450

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

   10,065,450

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

   10,065,450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

  Debt Proceeds

 

 

 

 

 

     2,400,000

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     2,400,000

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

     2,400,000

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     2,400,000

 

 

 

 

 

 

 

 

 

 

 


 

 

WATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

  Debt Proceeds

 

 

 

 

 

     9,849,000

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     9,849,000

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

     9,849,000

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     9,849,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WASTEWATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

  Debt Proceeds

 

 

 

 

 

     1,947,500

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,947,500

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

     1,947,500

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,947,500

 

 

 

 

 

 

 

 

 

 

 

 

BUILDING PERMITS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

Licenses & Permits

 

 

 

 

 

     1,127,299

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,127,299

 

 

 

 

 

 

 

 

 

 

 


 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Public Safety

 

 

 

 

 

     1,127,299

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,127,299

 

 

 

 

 

 

 

 

 

 

 

 

DISCRETIONARY SALES TAX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Taxes

 

 

 

 

 

 

     1,865,905

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,865,905

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Other Uses

 

 

 

 

 

     1,865,905

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,865,905

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

POLICE IMPACT FEES

 

 

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

   Police Impact Fees

 

 

 

 

        277,123

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        277,123

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Other Uses

 

 

 

 

 

        277,123

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        277,123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIRE IMPACT FEES

 

 

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

   Fire Impact Fees

 

 

 

 

 

        258,449

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        258,449

 

 

 

 

 

 

 

 

 

 

 


 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Other Uses

 

 

 

 

 

        258,449

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        258,449

 

 

 

 

 

 

 

 

 

 

 

 

RECREATION IMPACT FEES

 

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

   Recreation Impact Fees

 

 

 

 

        437,144

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        437,144

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Other Uses

 

 

 

 

 

        437,144

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        437,144

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Police Impact Fees

 

 

 

 

                      -

 

 

     Recreation Impact Fees

 

 

 

 

                      -

 

 

     Fire Impact Fees

 

 

 

 

 

        258,449

 

 

     Grants Other Local Units

 

 

 

 

       (425,009)

 

 

     State Grant

 

 

 

 

 

        327,920

 

 

     Federal Grants

 

 

 

 

 

             3,400

 

 

     Fund Balance

 

 

 

 

 

           35,134

 

 

     Debt Proceeds

 

 

 

 

 

   23,719,500

 

 

     Licenses & Permits

 

 

 

 

                      -

 

 

     Intergovernmental Revenue

 

 

 

     1,019,879

 

 

     Taxes

 

 

 

 

 

 

     1,865,905

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

   26,805,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

   23,479,117

 

 

Public Safety

 

 

 

 

 

        188,122

 

 

General Government

 

 

 

 

       (512,735)

 

 

Transportation

 

 

 

 

 

         (26,619)

 

 

Culture/ Recreation

 

 

 

 

 

       (166,007)

 

 

Economic Environment

 

 

 

 

         (15,200)

 

 

Transfers to Other Funds

 

 

 

 

     1,019,879

 

 

Other Uses

 

 

 

 

 

     2,838,621

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

   26,805,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 September, 2007.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sanna Henderson, Mayor

 

 

 

 

 

 

 

 

 

 

 

ATTEST:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 City Clerk