AGENDA MEMORANDUM

Meeting Date: November 24, 2008

From: Jerry Boop, Finance Director, CPA, CGFO

Subject: Ordinance Amending the Fiscal Year 2007-08 Budget for the General, Capital Projects, Gas and Water Funds for the Fourth Quarter

Staff Recommendation:

Staff recommends adoption of the attached ordinance amending the fiscal year 2007-08 budget for the General, Capital Projects, Gas, and Water Funds for the Fourth 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

Police Pension $ 79,131 Fund Balance

Police Overtime- Bikefest $ 23,000 Other Public Safety Revenue

Total General Fund $ 102,131

Capital Projects Fund:

Leesburg Wildwood Trail Design $ 264,000 Federal Grant

Total Capital Projects Fund $ 264,000

Gas Fund:

Spring Lake Cove $ 44,000 Customer Contribution

Total Gas Fund $ 44,000

Water Fund:

Pump @ Royal Highlands $ 7,292 Renewal & Replacement

Motor @ Plantation- Lightning damage $ 4,877 Renewal & Replacement

Hydrant Repair- Main & Canal $ 10,525 Renewal & Replacement

Total Water Fund $ 22,694

Options:

Adopt the attached ordinance amending the fiscal year 2007-08 budget for the General, Capital Projects, Gas, and Water Funds, or

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	26,405,006	102,131	26,507,137
Capital Projects	15,581,427	264,000	15,845,427
Gas	14,830,056	44,000	14,874,056
Water	20,033,583	22,694	20,056,277
Total	76,850,072	432,825	77,282,897

Submission Date and Time: 11/20/08 11:12 AM____

Department: ______________________

Prepared by: __________________

Attachments: Yes____ No ______

Advertised: ____Not Required ______

Dates: __________________________

Newspapers:

_________________________________

Revised 6/10/04

Reviewed by: Dept. Head ________

Finance Dept. ___________JB_____

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, CAPITAL PROJECTS, GAS, AND WATER FUNDS FOR THE FOURTH 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		23,000
	Fund Balance Appropriated		79,131
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS		102,131

	PROPOSED APPROPRIATIONS
	Public Safety		102,131
	TOTAL PROPOSED APPROPRIATIONS		102,131

	CAPITAL PROJECTS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Federal Grant		264,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS		264,000

	PROPOSED APPROPRIATIONS
	Culture/ Recreation		264,000
	TOTAL PROPOSED APPROPRIATIONS		264,000

	GAS FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Customer Contribution		44,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS		44,000

	PROPOSED APPROPRIATIONS
	Physical Environment		44,000
	TOTAL PROPOSED APPROPRIATIONS		44,000

	WATER FUND

	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Renewal & Replacement		22,694
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS		22,694

	PROPOSED APPROPRIATIONS
	Physical Environment		22,694
	TOTAL PROPOSED APPROPRIATIONS		22,694

	ALL FUNDS
	ESTIMATED REVENUES AND OTHER RECEIPTS
	Other Financing Sources:
	Miscellaneous Revenues		23,000
	Fund Balance Appropriated		79,131
	Federal Grant		264,000
	Impact Fees		22,694
	Customer Contribution		44,000
	TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS		432,825

	ALL FUNDS
	PROPOSED APPROPRIATIONS
	Physical Environment		66,694
	Culture & Recreation		264,000
	Public Safety		102,131
	TOTAL PROPOSED APPROPRIATIONS		432,825



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_________, 2008.



		John Christian, Mayor

ATTEST:



City Clerk