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:        

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

 

  1. 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:    12/4/08 4:21 PM____

 

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