AGENDA MEMORANDUM

 

 

Meeting Date:           February 11, 2008

 

From:                          Jerry Boop, CPA, Finance Director

 

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

                                    Fourth Quarterly Budget Adjustment

 

 

 

Staff Recommendation:

Staff recommends adoption of the attached ordinance amending the fiscal year 2006-07 budget for the General, Stormwater, Capital Projects, Water, Wastewater, Building Permits, Police Forfeiture, Police Impact Fees, Fire Impact Fees, and Recreation 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:

Special Revenue Funds                                                 $1,129,824                Fund Balance

            Total Increase                                        $1,129,824               

 

Stormwater Fund:                                                                             Funding Source:       

Whispering Pines                                                $  156,951                Fund Balance

            Total Increase                                         $  156,951

 

Capital Projects Fund:                                                                      Funding Source:       

Harden Fire Station #2                                    $  (  25,719)                LOOP/ Federal Grants

Harden Community Center                                  (  78,998)                LOOP/ Federal Grants

Harden Public Works                                           (  36,618)                LOOP/ Federal Grants

Harden City Hall                                                 ( 116,466)                LOOP/ Federal Grants

            Total Decrease                                     $  (257,801)                           

                                                                                                                                   

Water Fund:                                                                                       Funding Source:

Plantation                                                         $ 1,536,610                Debt Proceeds

            Total Increase                                       $ 1,536,610

 

Wastewater Fund:                                                                             Funding Source:

Plantation                                                         $    563,390                Debt Proceeds

            Total Increase                                       $    563,390

 

Building Permits Fund:                                                                    Funding Source:       

Building Permits                                               $    501,765                Transfer from General Fund

            Total Increase                                       $    501,765

 

Police Forfeiture Fund:                                                                    Funding Source:

Police Forfeiture Fees                                     $       99,987                Transfer from General Fund

            Total Increase                                      $       99,987

           

Police Impact Fees Fund:                                                                Funding Source:

Police Impact Fees                                          $     185,842                Transfer from General Fund

            Total Increase                                      $     185,842   

 

Fire Impact Fees Fund:                                                                   Funding Source:

Fire Impact Fees                                             $      106,255                Transfer from General Fund

            Total Increase                                     $      106,255

 

Recreation Impact Fees Fund:                                                       Funding Source:

Recreation Impact Fees                                   $     235,975                Transfer from General Fund

            Total Increase                                      $     235,975

 

 

Options:

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

 

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal ImpactFiscal Impact

The following funds will increase as seen below

 

 

FUND

FY 2007

CURRENT

 

CHANGE

FY 2007

AMENDED

General

28,043,651

1,129,824

29,173,475

Stormwater

3,196,022

156,951

3,352,973

Capital Projects

23,538,955

(257,801)

23,281,154

Water

28,002,450

1,536,610

29,539,060

Wastewater

21,638,220

563,390

22,201,610

Building Permits

1,127,299

501,765

1,629,064

Police Forfeiture

0

99,987

99,987

Police Impact Fees

277,123

185,842

462,965

Fire Impact Fees

258,449

106,255

364,704

Recreation Impact Fees

437,144

235,975

673,119

 

 

 

 

Total

106,519,313

4,258,798

110,778,111

 

 

Submission Date and Time:    2/7/2008 2:27 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. __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 2006-07 BUDGET FOR THE GENERAL, STORMWATER, CAPITAL PROJECTS, WATER, WASTEWATER, BUILDING PERMITS, POLICE FORFEITURE,  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:

 

 

 

 

 

     Fund Balance

 

 

 

 

 

          1,129,824

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,129,824

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Non Expenditures:

 

 

 

 

 

 

  Transfers to Other Funds

 

 

 

 

1,129,824

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,129,824

STORMWATER FUND

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

     Fund Balance

 

 

 

 

 

156,951

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

156,951

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Physical Environment

 

 

 

 

156,951

TOTAL PROPOSED APPROPRIATIONS

 

 

156,951

 

 

 

 

 

 

 

 

CAPITAL PROJECTS FUND

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

 

 

 

 

     LOOP

 

 

 

 

 

 

       (140,265)

     Federal Grants

 

 

 

 

 

       (117,536)

TOTAL ESTIMATED REVENUES AND OTHER

 

       (257,801)

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Public Safety

 

 

 

 

 

         (25,719)

General Government

 

 

 

 

       (153,084)

Culture/Recreation

 

 

 

 

 

         (78,998)

TOTAL PROPOSED APPROPRIATIONS

 

 

       (257,801)

 

 

 

 

 

 

 

 

WATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

 

 

 

 

  Debt Proceeds

 

 

 

 

 

     1,536,610

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,536,610

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Physical Environment

 

 

 

 

     1,536,610

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,536,610

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WASTEWATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

 

 

 

 

  Debt Proceeds

 

 

 

 

 

        563,390

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        563,390

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Physical Environment

 

 

 

 

        563,390

TOTAL PROPOSED APPROPRIATIONS

 

 

        563,390

 

 

 

 

 

 

 

 

BUILDING PERMITS FUND

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

 

 

 

 

  Transfer from General Fund

 

 

 

 

        501,765

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        501,765

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Reserve for Future Capital

 

 

 

 

        501,765

TOTAL PROPOSED APPROPRIATIONS

 

 

        501,765

 

 

 

 

 

 

 

 

POLICE FORFEITURE FUND

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

 

 

 

 

  Transfer from General Fund

 

 

 

 

           99,987

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

           99,987

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Reserve for Future Capital

 

 

 

 

           99,987

TOTAL PROPOSED APPROPRIATIONS

 

 

           99,987

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

POLICE IMPACT FEES

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

  Transfer from General Fund

 

 

 

 

        185,842

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        185,842

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Reserve for Future Capital

 

 

 

 

        185,842

TOTAL PROPOSED APPROPRIATIONS

 

 

        185,842

 

 

 

 

 

 

 

 

FIRE IMPACT FEES

 

 

 

 

 

Other Financing Sources:

 

 

 

 

 

  Transfer from General Fund

 

 

 

 

        106,255

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        106,255

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Reserve for Future Capital

 

 

 

 

        106,255

TOTAL PROPOSED APPROPRIATIONS

 

 

        106,255

 

 

 

 

 

 

 

 

RECREATION IMPACT FEES

 

 

 

 

Other Financing Sources:

 

 

 

 

 

  Transfer from General Fund

 

 

 

 

        235,975

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        235,975

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Reserve for Future Capital

 

 

 

 

        235,975

TOTAL PROPOSED APPROPRIATIONS

 

 

        235,975

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Other Financing Sources:

 

 

 

 

 

     Federal Grants

 

 

 

 

 

       (117,536)

      Fund Balance

 

 

 

 

 

     1,286,775

     Debt Proceeds

 

 

 

 

 

     2,100,000

     LOOP

 

 

 

 

 

 

       (140,265)

     Transfer from General Fund

 

 

 

     1,129,824

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     4,258,798

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

Physical Environment

 

 

 

 

     2,256,951

Public Safety

 

 

 

 

 

         (25,719)

         General Government

 

 

 

 

       (153,084)

Culture/ Recreation

 

 

 

 

 

         (78,998)

Reserve for Future Capital

 

 

 

 

     1,129,824

Transfers to Other Funds

 

 

 

 

     1,129,824

TOTAL PROPOSED APPROPRIATIONS

 

 

     4,258,798

 

 

 

 

 

 

 

 

 


 

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 special meeting of the City Commission of the City of Leesburg, Florida held on the____ day of February , 2008.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

John Christian, Mayor

 

 

 

 

 

 

 

 

 

 

 

ATTEST:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 City Clerk