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HomeMy WebLinkAbout2007 02 26 Consent 408 Supplemental Appropriation from Stormwater Fund Reserves COMMISSION AGENDA ITEM 408 CONSENT February 26, 2007 Meeting MGR /DEPT . Authorization REQUEST: Public Works Department/Stormwater Division Requesting Approval of Supplemental Appropriation from Stormwater Fund Reserves to the Legal Services Line Code PURPOSE: The purpose of this agenda item is to provide funds in the Legal Services line code in the amount of $40,000 for the Jones vs. City of Winter Springs litigation. CONSIDERA TIONS: The Stormwater Utility Fund Other Legal Services line code needs a supplemental appropriation to cover current and future legal expenditures for FY 06/07 in the Jones vs. City of Winter Springs litigation over the stormwater utility fee. The approved budget had no funds in the Legal Services line code based on the historical lack of need for legal services by the stormwater utility fund. To date, approximately $17,000 has been spent for legal services. This has created a negative balance in this line code. The total litigation cost is unknown at this time. RECOMMENDA TION: It is recommended that the City Commission authorize a supplemental appropriation of $40,000 from the Stormwater Utility fund balance into the Legal Services line code (3800-53111). FUNDING: The Stormwater Utility has a projected fund balance of $300,000 for the fiscal year ending September 30,2007. ATTACHMENTS: None COMMISSION ACTION: