AGENDA MEMORANDUM

 

 

Meeting Date:           March 10, 2008

 

From:                          Jerry Boop, CPA, Finance Director

 

Subject:                      Ordinance Amending the Fiscal Year 2007-08 Budget for the General, Electric, Gas and Police Forfeiture Funds.

 

 

Staff Recommendation:

Staff recommends adopting the attached ordinance amending the fiscal year 2007-08 budget for the General, Electric, Gas and Police Forfeiture 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

Police- Digital Video Recorders                      $ 25,526          Federal Grant

Police- Portable Electronic Information Sign  $ 17,456          Federal Grant

Police- Bulletproof Vests                                $   1,485          Federal Grant

Airport- Striping                                              $ 40,219          State Grant

Fire- Refurbish Antique 1927 Truck               $   2,000          Contributions

            Total Increases                                                $ 86,686

 

Reductions                 

Police- Equipment                                          $ 25,000          Transfer from Police Forfeiture

            Total Reductions                                 $(25,000)

Total General Fund                                      $ 61,686

 

Electric                                                                                   Funding Source

FDOT Lights                                                  $200,000         Fund Balance

Total Electric Fund                                      $200,000        

 

Gas                                                                                         Funding Source

Hidden Harbor                                                $ 69,684          Customer Contribution

Total Gas Fund                                             $ 69,684         

 

Police Forfeiture Fund                                                         Funding Source

Police Equipment                                            $ 23,390          Fund Balance

Total Police Forfeiture Fund                       $ 23,390

 

 

Options:

1.  Adopt the attached ordinance amending the fiscal year 2007-08 budget for the General, Electric,     Gas and Police Forfeiture Funds, or

 

2.  Such alternative action as the Commission may deem necessary.

 

 

Fiscal Impact

 

The following funds will increase as seen below:

 

 

 

FUND

FY 2008

CURRENT

 

CHANGE

FY 2008

AMENDED

General

26,403,310

61,686

26,464,996

Electric

74,644,028

200,000

74,844,028

Gas

14,544,463

69,684

14,614,147

Police Forfeiture

69,400

23,390

92,790

Total

115,661,201

354,760

116,015,961

 

 

 

 

 

 

 

Submission Date and Time:    3/6/2008 11:53 AM____

 

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. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ORDINANCE NO.____________________

 

 

 

 

 

 

 

 

 

 

 

AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AMENDING THE FISCAL YEAR 2007-08 BUDGET FOR THE GENERAL, ELECTRIC, GAS AND POLICE FORFEITURE FUNDS; AND PROVIDING AN EFFECTIVE DATE.

 

 

 

 

 

 

 

 

 

 

 

          WHEREAS, the City Commission of the City of Leesburg adopted a budget for Fiscal Year 2007-08 on September 24, 2007, 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 2007-08 to provide funds for various projects as adopted at City Commission meetings, and

          WHEREAS, such action was not anticipated in the original 2007-08 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 2007-08 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 2007-08 for the City of Leesburg, Florida:

 

 

 

 

 

 

 

 

 

 

 

GENERAL FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Federal Grants

 

 

 

 

 

           44,467

 

 

     State  Grants

 

 

 

 

 

           40,219

 

 

     Contributions

 

 

 

 

 

             2,000

 

 

     Transfer from Police Forfeiture

 

 

 

         (25,000)

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

           61,686

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Public Safety

 

 

 

 

 

           21,467

 

 

Transportation

 

 

 

 

 

           40,219

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

           61,686

 

 

 

 

 

 

 

 

 

 

 

 

ELECTRIC FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Fund Balance Appropriated

 

 

 

        200,000

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        200,000

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

        200,000

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        200,000

 

 

 

 

 

 

 

 

 

 

 

 

GAS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Contributions

 

 

 

 

 

           69,684

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

           69,684

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

           69,684

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

           69,684

 

 

 

 

 

 

 

 

 

 

 

 

POLICE FORFEITURE FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Fund Balance Appropriated

 

 

 

           23,390

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

           23,390

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Public Safety

 

 

 

 

 

           23,390

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

           23,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     State Grant

 

 

 

 

 

           40,219

 

 

     Federal Grant

 

 

 

 

 

           44,467

 

 

     Fund Balance Appropriated

 

 

 

        223,390

 

 

     Contributions

 

 

 

 

 

           71,684

 

 

     Transfers from Police Forfeiture

 

 

               (25,000)

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        354,760

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Public Safety

 

 

 

 

 

           44,857

 

 

Physical Environment

 

 

 

 

         269,684

 

 

Transportation

 

 

 

 

 

           40,219

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

         354,760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 10th day of March, 2008.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

John Christian, Mayor

 

 

 

 

 

 

 

 

 

 

 

ATTEST:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 City Clerk