Description: AGENDAHED.JPG
 Item No:                   5H.

 

Meeting Date:           December 10, 2012

 

From:                          Brandy McDaniel, Budget Manager

 

Subject:                      Ordinance amending the fiscal year 2011-12 Budget for the General, Stormwater, Electric, Gas, and Discretionary Sales Tax Funds for the Fourth Quarter.

 

 


Staff Recommendation:

Staff recommends adopting the attached ordinance amending the fiscal year 2011-12 Budget for the General, Stormwater, Electric, Gas, and Discretionary Sales Tax 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:

 

Fund

Amount

Source

General:

 

 

Fuel Purchases (Marina)

       $  27,237

Charges for Services

Correct Digital Equip Grant Rollover (Police)

(23,361)

Federal Grant

Police Pension Contribution

        37,474

Fund Balance

Sungard Budget for Smartgrid

(44,630)

Transfer from Electric

Total General Fund

     $  (3,280)

 

 

 

 

Stormwater:

 

 

Lk Harris Water Quality Improvement Grant

$  214,050

Federal Grant

Total Stormwater Fund

$ 214,050

 

 

 

 

Electric:

 

 

Sungard Budget for Smartgrid

(44,630)

Department of Energy (DOE), Grant Anticipation Note (GAN)

Leesburg High School Energy Lab

$ 220,000

Fund Balance- Demand Side Mgmt

Total Electric Fund

$ 175,370

 

 

 

 

Gas:

 

 

GSSI Utility Scan Equipment

$ 9,834

Transfer from Electric & Water

Total Gas Fund

$ 9,834

 

 

 

Discretionary Sales Tax:

 

 

Transfer to Capital Projects Fund- Restripe Runway 13/31 Funding  

$ 10,000

Fund Balance

Total Discretionary Sales Tax Fund

$ 10,000

 

 

Options:        

  1. Adopt the attached ordinance amending the fiscal year 2011-12 budget for General, Stormwater, Electric, Gas, and Discretionary Sales Tax Funds, or

 

  1. Such other action as the City Commission may deem necessary.

 

Fiscal Impact: 

The following funds will increase/decrease as seen below:

 

 

FUND

FY 2012

ADOPTED

 

CHANGE

FY 2012

AMENDED

General

23,740,627

(3,280)

23,737,347

Stormwater

4,394,536

214,050

4,608,586

Greater Leesburg CRA

700,660

-0-

700,660

Carver Heights CRA

1,340,886

-0-

1,340,886

Hwy 441/27 CRA

2,031,731

-0-

2,031,731

Debt Service

1,628,054

-0-

1,628,054

Capital Projects

5,710,292

-0-

5,710,292

Electric

97,777,662

175,370

97,953,032

Gas

9,837,741

9,834

9,847,575

Water

13,248,466

-0-

13,248,466

Wastewater

11,673,194

-0-

11,673,194

Communications

2,510,864

-0-

2,510,864

Solid Waste

3,622,991

-0-

3,622,991

Police Pension

1,019,184

-0-

1,019,184

Fire Pension

1,220,868

-0-

1,220,868

General Employees Pension

2,375,000

-0-

2,375,000

Health Insurance

6,223,191

-0-

6,223,191

Workers’ Compensation

625,321

-0-

625,321

Discretionary Sales Tax

1,669,799

10,000

1,679,799

Gas Tax

977,705

-0-

977,705

Police Impact Fees

Recreation Impact Fees

Building Permits

20,931

58,964

435,607

-0-

-0-

-0-

20,931

58,964

435,607

Police Education Receipts

15,000

-0-

15,000

Magnolia Townhomes

                   156,093

                                 -0-

                         156,093

Total

$193,015,367

$405,974

$193,421,341

 

 

 

 

 

 

Submission Date and Time:    12/6/12 8:31 AM____

 

Department: __Finance_____________

Prepared by:  __Brandy McDaniel__                     

Attachments:  Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Newspapers:

_________________________________                                                    

_________________________________           

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 2011-12 BUDGET FOR THE GENERAL, STORMWATER, ELECTRIC, GAS, AND DISCRETIONARY SALES TAX FUNDS FOR THE FOURTH QUARTER; AND PROVIDING AN EFFECTIVE DATE.

 

          WHEREAS, the City Commission of the City of Leesburg Florida, adopted a budget for Fiscal Year 2011-12 on September 26, 2011, 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 2011-12 to provide funds for various projects as adopted at City Commission meetings, and

 

 

          WHEREAS, such action was not anticipated in the original 2011-12 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 2011-12 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 2011-12 for the City of Leesburg, Florida:

 

 

 

GENERAL FUND

 

ESTIMATED REVENUES AND OTHER RECEIPTS

 

Federal Grant

(23,361)

 

Charges for Services

27,237

 

Other Financing Sources:

 

  Transfer from Electric

(44,630)

 

  Fund Balance Appropriated

37,474

 

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

(3,280)

 

 

 

            GENERAL FUND (continued)

PROPOSED APPROPRIATIONS

General Government

(44,630)

Public Safety

14,113

Culture/Recreation

27,237

TOTAL PROPOSED APPROPRIATIONS

(3,280)

 

 

 

STORMWATER FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Federal Grant

214,050

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

214,050

PROPOSED APPROPRIATIONS

 Physical Environment

214,050

TOTAL PROPOSED APPROPRIATIONS

214,050

ELECTRIC FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Federal Grant

(22,315)

Other Financing Sources:

  Debt Proceeds

(22,315)

  Fund Balance- Demand Side Mgmt

220,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

175,370

PROPOSED APPROPRIATIONS

Physical Environment

220,000

Non-Expenditures:

  Transfer to General Fund

(44,630)

TOTAL PROPOSED APPROPRIATIONS

175,370

 

GAS FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

  Transfer from Other Funds

9,834

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

9,834

PROPOSED APPROPRIATIONS

Non-Expenditures:

  Reserve for Future Use

9,834

TOTAL PROPOSED APPROPRIATIONS

9,834

 

DISCRETIONARY SALES TAX FUND

ESTIMATED REVENUES AND OTHER RECEIPTS

Other Financing Sources:

  Fund Balance

10,000

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

10,000

PROPOSED APPROPRIATIONS

Non-Expenditures:

  Transfer to Capital Projects Fund

10,000

TOTAL PROPOSED APPROPRIATIONS

10,000

ALL FUNDS

ESTIMATED REVENUES AND OTHER RECEIPTS

Federal Grant

168,374

Charges for Services

27,237

Other Financing Sources:

     Transfers from Other Funds

(34,796)

     Debt Proceeds

(22,315)

     Fund Balance- Demand Side Mgmt

220,000

     Fund Balance Appropriated

47,474

TOTAL ESTIMATED REVENUES AND OTHER RECEIPTS

405,974

ALL FUNDS

PROPOSED APPROPRIATIONS

General Government

(44,630)

Public Safety

14,113

Physical Environment

434,050

Culture/Recreation

27,237

Non Expenditures:

  Transfers to Other Funds

(34,630)

   Reserve for Future Use

    9,834

TOTAL PROPOSED APPROPRIATIONS

405,974       

 

 

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 December, 2012.

 

 

Mayor

ATTEST:

 

 

 

 

 

 City Clerk