Item No: 5B.
Meeting Date: February
11, 2013
From: Brandy
McDaniel, Budget Manager
Subject: Ordinance
amending the fiscal year 2012-13 Budget for the General, Debt Service,
Communications and Magnolia Townhomes Funds for the First Quarter
Staff Recommendation:
Staff
recommends adopting the attached ordinance amending the Fiscal Year 2012-13
budget for the General, Debt Service, Communications and Magnolia Townhomes
Funds for the First 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:
Adjust UT Contribution
from 1.2% to 1% $(159,991) Transfer from Electric,
Final Budget was too high Water, WWT
US
Dept of Justice Grant- 13 Tasers (Police) 16,574 Federal Grant
US
Dept of Justice Grant- 11 Tasers (Police) 13,309 Federal
Grant
Transfer
from Gas for ALS Equipment (Fire) (12,500) Transfer from Gas
Training
Grant- (Police) 1,000 Contribution/Donation
Total General Fund $(141,608)
Debt Service:
Magnolia
Townhomes Debt Service $966,820 Transfer from Gas
Total Debt Service Fund $966,820
Communications:
Lake
County Justice Center Relocation $90,000 Renewal
& Replacement
Core
& Remote Switching Infrastructure 55,000 Renewal
& Replacement
Total Communications Fund $145,000
Magnolia Townhomes:
Magnolia
Townhomes Debt Service
$(996,820) Transfer
from Gas
Total Magnolia Townhomes
Fund
$(996,820)
Options:
1. Adopt the attached ordinance amending the
fiscal year 2012-13 budget for the General, Debt Service, Communications and Magnolia Townhomes Funds,
or
2. Such alternative action as the Commission may
deem appropriate
Fiscal Impact:
The
following funds will increase/decrease as seen below:
|
FUND |
FY 2013 ADOPTED |
CHANGE |
FY 2013 AMENDED |
|
General |
24,790,215 |
(141,608) |
24,648,607 |
|
Stormwater |
3,179,107 |
-0- |
3,179,107 |
|
Greater Leesburg CRA |
607,380 |
-0- |
607,380 |
|
Carver Heights CRA |
1,116,300 |
-0- |
1,116,300 |
|
Hwy 441/27 CRA |
1,127,040 |
-0- |
1,127,040 |
|
Debt Service |
1,633,998 |
966,820 |
2,600,818 |
|
Capital Projects |
5,540,020 |
-0- |
5,540,020 |
|
Electric |
77,244,400 |
-0- |
77,244,400 |
|
Gas |
10,567,087 |
-0- |
10,567,087 |
|
Water |
12,025,405 |
-0- |
12,025,405 |
|
Wastewater |
12,130,994 |
-0- |
12,130,994 |
|
Communications |
2,381,822 |
145,000 |
2,526,822 |
|
Solid Waste |
3,666,759 |
-0- |
3,666,759 |
|
Police Pension |
1,335,821 |
-0- |
1,335,821 |
|
Fire Pension |
1,429,917 |
-0- |
1,429,917 |
|
General Employees Pension |
2,737,439 |
-0- |
2,737,439 |
|
Health Insurance |
6,211,998 |
-0- |
6,211,998 |
|
Workers’ Compensation |
1,198,921 |
-0- |
1,198,921 |
|
Discretionary Sales Tax |
1,721,624 |
-0- |
1,721,624 |
|
Gas Tax |
940,093 |
-0- |
940,093 |
|
Police Impact Fees Recreation Impact Fees Building Permits |
15,131 50,000 438,870 |
-0- -0- -0- |
15,131 50,000 438,870 |
|
Police Education Receipts |
15,000 |
-0- |
15,000 |
|
Fleet Services |
3,721,592 |
-0- |
3,721,592 |
|
Magnolia Townhomes |
966,820 |
(966,820) |
0 |
|
Total |
$176,793,753 |
$3,392 |
$176,797,145 |
Submission Date and Time: 2/6/2013 2:37 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. ___________________ Submitted by: City Manager ___________________
|
Account
No. _various___________ Project
No. ___________________ WF No.
______________________ Budget ______________________ Available
_____________________ |