AGENDA MEMORANDUM

 

 

Meeting Date:           July 28, 2008

 

From:                          Jerry Boop, CPA, CGFO, Finance Director

 

Subject:                      Ordinance Amending the Fiscal Year 2007-08 Budget for the General, Stormwater, Capital Projects, Electric, Gas, Water, Wastewater, and

                                    Building Permit Funds for the Third Quarter

                                   

 

Staff Recommendation:

Staff recommends adoption of the attached ordinance amending the fiscal year 2007-08 budget for the General, Stormwater, Capital Projects, Electric, Gas, Water, Wastewater, and Building Permit Funds for the Third Quarter.

 

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

Bassmasters Tournament                                $     35,000      Donation

Gas Trailer                                                      $       4,000      Transfer from Gas

            Total Increases                                                $     39,000

                                                           

Reductions                 

Computer Lease                                              $      30,000     Fund Balance

Police Forfeiture                                                      38,990     Fund Balance                                     

Claims & Judgments                                                30,000     Fund Balance

Total Reductions                                 $(     98,990)

Total General Fund                                      $ (    59,990)

 

Stormwater Fund:                                                                

Lake Lucerne                                                   $       75,985    SJRWMD Grant

Total Stormwater Fund                                $       75,985   

 

 

 



Capital Projects Fund:                                                         Funding Source

Library Café                                                     $       33,789    Transfer from General Fund

Fountain Lake Trail                                                  32,769    Fund Balance                         

Total Capital Projects Fund                                    $      66,558                                                                                                                            

Electric Fund:

Debt Service                                                    $  1,286,649    Fund Balance

Total Electric Fund                                      $  1,286,649    

 

Gas Fund:

Bentley Ridge                                                  $     112,826    Customer Contribution

Laurel Oaks                                                              81,309    Customer Contribution

Cauthen Circle                                                          21,774    Customer Contribution

Total Gas Fund                                             $     215,909               

 

Water Fund:

Debt Service                                                    $    236,864     Fund Balance

Highland Lakes WTP                                                9,040     Impact Fees

Total Water Fund                                          $    245,904

 

Wastewater Fund:

Debt Service                                                    $        1,826     Fund Balance

Total Wastewater Fund                                $        1,826

 

Building Permit Fund:

Building Permit Revenue                                $(      78,422)    Reserve for Future Use

Total Building Permit Fund                                   $(      78,422)

 

Options:        

  1. Adopt the attached ordinance amending the fiscal year 2007-08 budget for the General, Stormwater, Capital Projects, Electric, Gas, Water, Wastewater, and Building Permit 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 2008

CURRENT

 

CHANGE

FY 2008

AMENDED

General

26,464,996

(  59,990)

26,405,006

Stormwater

3,003,521

75,985

3,079,506

Capital Projects

15,514,869

66,558

15,581,427

Electric

74,848,553

1,286,649

76,135,202

 

 

 

 

 


 

 

 

FUND

FY 2008

CURRENT

 

CHANGE

FY 2008

AMENDED

Gas

14,614,147

215,909

14,830,056

Water

19,787,679

245,904

20,033,583

Wastewater

13,994,081

1,826

13,995,907

Building Permit

972,000

(  78,422)

893,578

Total

169,199,846

1,754,419

170,954,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Submission Date and Time:    7/25/2008 3:48 PM7/23/2008 4:23 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. __________________                                     

                              

Deputy C.M. ______EFS__________                                                                         

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, STORMWATER, CAPITAL PROJECTS, ELECTRIC, GAS, WATER, WASTEWATER, AND BUILDING PERMIT FUNDS FOR THE THIRD QUARTER; 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:

 

 

 

 

 

 

 

     Miscellaneous Revenues

 

 

 

 

           35,000

 

 

     Other Sources

 

 

 

 

 

             4,000

 

 

     Fund Balance Appropriated

 

 

 

         (98,990)

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

         (59,990)

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Culture/Recreation

 

 

 

 

 

           35,000

 

 

General Government

 

 

 

 

         (94,990)

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

         (59,990)

 

 

 

 

 

 

 

 

 

 

 

 

STORMWATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     State Grant

 

 

 

 

 

           75,985

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

           75,985

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

           75,985

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

           75,985

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL PROJECTS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Other Sources

 

 

 

 

 

           33,789

 

 

     Fund Balance Appropriated

 

 

 

           32,769

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

           66,558

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Culture/ Recreation

 

 

 

 

 

           66,558

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

           66,558

 

 

 

 

 

 

 

 

 

 

 

 

ELECTRIC FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Fund Balance Appropriated

 

 

 

     1,286,649

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,286,649

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

     1,286,649

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,286,649

 

 

 

 

 

 

 

 

 

 

 

 

GAS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Customer Contribution

 

 

 

 

        215,909

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        215,909

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

        215,909

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        215,909

 

 

 

 

 

 

 

 

 

 

 

 

WATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Impact Fees

 

 

 

 

 

             9,040

 

 

     Fund Balance Appropriated

 

 

 

        236,864

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

        245,904

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

        245,904

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

        245,904

 

 

 

 

 

 

 

 

 

 

 

 

WASTEWATER FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Fund Balance Appropriated

 

 

 

             1,826

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

             1,826

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

             1,826

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

             1,826

 

 

 

 

 

 

 

 

 

 

 

 

BUILDING PERMITS FUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Building Permits

 

 

 

 

 

         (78,422)

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

         (78,422)

 

 

 

 

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Reserve for Future Use

 

 

 

 

         (78,422)

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

         (78,422)

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

 

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

 

 

Other Financing Sources:

 

 

 

 

 

 

 

     Miscellaneous Revenues

 

 

 

 

           35,000

 

 

     Other Sources

 

 

 

 

 

           37,789

 

 

     Fund Balance Appropriated

 

 

 

     1,459,118

 

 

     State Grant

 

 

 

 

 

           75,985

 

 

     Impact Fees

 

 

 

 

 

             9,040

 

 

     Building Permits

 

 

 

 

 

         (78,422)

 

 

     Customer Contribution

 

 

 

 

        215,909

 

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

     1,754,419

 

 

 

 

 

 

 

 

 

 

 

 

ALL FUNDS

 

 

 

 

 

 

 

 

PROPOSED APPROPRIATIONS

 

 

 

 

 

Physical Environment

 

 

 

 

     1,826,273

 

 

Culture & Recreation

 

 

 

 

        101,558

 

 

General Government

 

 

 

 

         (94,990)

 

 

Reserve for Future Use

 

 

 

 

         (78,422)

 

 

TOTAL PROPOSED APPROPRIATIONS

 

 

     1,754,419

 

 

 

 

 

 

 

 

 

 

 

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 August, 2008.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

John Christian, Mayor

 

 

 

 

 

 

 

 

 

 

 

ATTEST:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 City Clerk