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Home My WebLink About2000 12 11 Regular L 2000 Water and Sewer Bond Issue Date: 12/11/2000 This Agenda was previously Consent "P" but was moved to the Regular Agenda as "L". COMMISSION AGENDA ITEM F CONSENT X INFORMATIONAL PUBLIC HEARING REGULAR December 11, 2000 MGR V IDEPT';;L-:1 Authorization Meeting REQUEST: The Finance Department requests the City Commission approve a budget amendment to reflect the 2000 Water and Sewer Bond Issue and the establishment of a separate Arbor Special Revenue Fund. PURPOSE: The purpose of this agenda item is to request the City Commission: . approve proposed budget amendments to the 2000 Utility Construction Fund Budget for FY 01, and the Water and Sewer Operating Budget for FY 01 in order to record the October 2000 Water and Sewer Bond Issue and . approve proposed budget amendments to the General Fund Budget for FY 00 and FY 01, and the Arbor Special Revenue Fund Budget for FY 00 and FY 01 in order to establish a separate Arbor Special Revenue Fund. CONSIDERATIONS: . The City issued $6,969,191 in Water and Sewer Refunding Bonds in October 2000. This bond issue was not reflected in the FY 01 budget. The bond issue must be recorded along with the associated $230,165 decrease in Water and Sewer debt service cost for FY 01. . The City began an Arbor program in FY 00. The tree bank revenues were specifically designated for arbor improvements by the City Commission. Specifically designated revenues should be accounted for in a Special Revenue Fund. During FY 00 these revenues were included in the General Fund and must be broken out into a Special Revenue Fund during our annual closing of the books. Additionally, these revenues were budgeted in the General Fund in FY 01. Hence, budget amendments for the General Fund and the newly created Arbor Fund for both FY 00 and FY 0 I. FUNDING: FYOO FY 01 Record W &S Bond Issue Bond Revenues Bond Expenses and Other Uses Appropriation to Fund Balance Resulting Fund Balance $7,014,126 $4,806,177 $2,207,949 $2,156,144 Record Decrease in W &S Debt Service Debt Service Resulting Fund Balance ($ 230,165) $1,811,963 Establishment ofthe Arbor Fund Arbor Revenues Arbor Expenses Appropriation to Fund Balance Appropriation From Fund Balance Resulting Fund Balance $32,900 $ 7,479 $25,421 $55,000 $70,600 $25,421 ($15,600) $ 9,821 Remove Tree Revenues from General Fund Arbor Revenues Resulting Fund Balance ($ 25,000) $2,320,811 ($ 8,000) $2,312,811 RECOMMENDATION: City Commission approve proposed budget amendments to the 2000 Utility Constmction Fund Budget for FY 01, the Water and Sewer Operating Budget for FY 01, the General Fund Budget for FY 00 and FY 01, and the Arbor Special Revenue Fund Budget for FY 00 and FY 01 as detailed above and in the attached budget amendments. ATTACHMENTS: Copy of amended 2000 Utility Construction Fund Budget, FY 01. Copy of amended Water and Sewer Operating Budget, FY 01. Copy of amended General Fund Budget, FY 00 and FY 01. Copy of amended Arbor Special Revenue Fund Budget, FY 00 and FY 01. Summary of Financing - Water and Sewer Refunding Revenue Bonds, Series 2000 W&S FY 01 Project List. Arbor FY 01 Project List. COMMISSION ACTION: CITY OF WINTER SPRINGS FISCAL YEAR 2000-2001 FINAL BUDGET WATER & SEWER DEPARTMENT 2000 UTILITY CONSTRUCTION FUND - 3640 ................ Originally #1 Adopted Revised Approved Amendment to Amended Account FY 98/99 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 !:l.u.lnbM Descrlotlon of Revenues Actual Budget Budget Budget Budget Budget 384215 Proceeds of Financing $0 $0 $0 $0 $6,914.126 $6.914.126 361100 Interest Earned $0 $0 $0 $0 $100,000 $tOO.OOO TOTAL CONSTRUCTION FUND REVENUES $0 $0 $0 $0 $7.014.126 $7,014,126 389100 Appropriation from Fund Balance $0 $0 $51.805 $0 $0 $0 TOTAL CONSTRUCTION FUND REVENUES AND APPROPRIATIONS FROM FUNO BALANCE $0 $0 $51.805 $0 $7,014,126 $7.014.126 Originally #1 Adopted Revised Approved Amendment to Amended Account FY 98/99 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 Iiu.m!2.e.r Descrlotlon of Exoendltures Actual Budget Budget Budget Budget Budget 56310 Capital Improvement Projects $0 $0 $51.805 $0 $1,670,000 $1,670.000 59000 Other Uses (Payment to Escrow Agent to Refund Series 1997) $0 $0 $0 $0 $2,255.893 $2.255,893 59000 Other Uses (Payment into Reserve Fund) $0 $0 $0 $0 $690.894 $690,894 57310 Bond Issuance Costs $0 $0 $0 $0 $189.390 $189,390 TOTAL CONSTRUCTION FUND EXPENDITURES $0 $0 $51,805 $0 $4.806,177 $4.806.177 59990 Appropriation to Fund Balance $0 $0 $0 $0 $2,207,949 $2.207.949 TOTAL CONSTRUCTION FUND EXPENDITURES AND APPROPRIATIONS TO FUND BALANCE $0 $0 $51.805 $0 $7.014,126 $7.014,126 Fund Balance - October 1 $0 SO SO ($51,805) ($51.805) (S51.805) Appropriations to (from) Fund Batance SO $0 ($51.805) $0 $2,207.949 S2.207.949 Fund Balance - September 30 SO SO ($51.805) ($51,805) $2,156. t44 $2.156.144 0-8 CITY OF WINTER SPRINGS FISCAL YEAR 2000-2001 FINAL BUDGET WATER & SEWER DEPARTMENT OPERATING EXPENDITURES. 3600 ..................... Originally #1 Adopted Revised Approved Amendment Amended Account FY 98/99 FY 99/00 FY 99/00 FY 00101 FY 00101 FY 00101 ~ Descriotion of Expenditure Actual Budget Budget Budget Budget Budget 51210 Salaries $916,053 $990.270 $946,168 $1,050.536 $1,050,536 51210 Sick Leave Purchase $0 $0 $0 $9.832 $9.832 52110 F.J.C.A. Taxes $65,791 $75,756 $75,756 $80,366 $80,366 52310 Health Insurance $59,770 $65,790 $65,790 $67,386 $67,386 52311 Disability Insurance $0 $2,809 $2,809 $3,151 $3,151 52320 Workmen's Compo Ins. $18,212 $24,332 $24,332 $26,727 $26.727 52330 Pension Expense $68,827 $79,222 $79,222 $84,043 $84,043 53111 Other Legal Services $4,543 $10,000 $10,000 $0 $0 53140 Physical Exams $748 $1,700 $1,700 $5,100 $5,100 53160 Consulting Engineer $16,786 $15,000 $15,000 $15,000 $15.000 53161 Consulting Services-Rate Study $4,935 $0 $31,825 $0 $0 53210 Financial Services - Ut Bill and Met Svc $0 $0 $0 $570,711 $570.711 53210 AudiUAdmin. Services $640,000 $682,380 $758,671 $223,661 $223,661 54010 Travel & Per Diem $987 $1,500 $1,500 $3,000 $3.000 54110 Telephone $7,600 $7,500 $7,500 $8,500 $8,500 54210 Postage $640 $1,200 $1,200 $1,200 $1,200 54310 Utility Services $368,681 $400,000 $400.000 $390,000 $390,000 54320 Sludge Disposal $47,138 $48,000 $88,000 $90,000 $90.000 54410 Equipment Rental $3,248 $5,000 $5,000 $5.000 $5,000 54505 Bad Debt Expense $209,424 $0 $0 $0 SO 54630 Repair & Main!. - Equipment $120,432 $34,000 $34,000 $34,000 $34.000 54640 Repair & Main!. - Communications $355 $500 $500 $1,000 $1,000 54650 Repair & Main!. - Vehicles $8,785 $13,000 $13,000 $12,000 $12,000 54660 Repair & Main!. - Buildings $6,322 $6,000 $6,000 $6,000 $6,000 54670 Repair & Main!. - Fire Hydrants $9,579 $10,000 $10,000 $10,000 $10.000 54671 Repair & Main!. - Water Plants $23,347 $33,000 $46,000 $33,000 $33,000 54680 Repair & Main!. - Sewer Plants $39,462 $44,000 $51,000 $45,000 $45,000 54681 Repair & Main!. - Effluent Disposal $29,008 $30,000 $32,000 $30,000 $30,000 54690 Repair & Main!. - Water Lines $25,389 $26,000 $26,000 $26,000 $26.000 54691 Repair & Main!. - Sewer Lines $16,761 $20,000 $20,000 $20,000 $20,000 54694 Repair & Main!. - Lift Stations $21,655 $24,000 $25,100 $24,000 $24,000 54720 Copy Machine Supplies $150 $540 $540 $1,000 $1,000 54730 Printing Expenses $693 $1.000 $5,502 $3,500 $3,500 54800 Promotional Activities $0 $500 $500 $500 $500 54810 Employee Relations $0 $0 $0 $850 $850 54930 Classified Advertising $1,001 $1,500 $1,500 $1,000 $1.000 55110 Office Supplies $1,893 , $1,950 $1,950 $1,950 $1,950 55210 Fuel & Oil $25,624 $23,000 $23,000 $24,000 $24.000 55220 Tires & Filters $4,854 $5,000 $5,000 $5,000 $5,000 55230 Operating Supplies $56,816 $57.500 $52.500 $57.500 $57,500 55231 Testing & Samples $11,329 $20,000 $14.600 $15.000 $15.000 55232 Purchased Meters $55,466 $10,000 $5.000 $0 SO 55233 Chlorine $32,958 $50,000 $50,000 $70,000 $70,000 55234 Backflow Devices $1,123 $5,000 $5,000 $3,000 $3,000 55240 Uniforms $6,173 $7,500 $7,500 $8,590 $8.590 55260 Janitorial Supplies $1,260 $1,300 $1,300 $1,300 $1.300 55270 Small Tools & Equipment $8,077 $8,000 $8,000 $8,000 $8.000 55290 Protective Clothing $3,115 $4,100 $4,100 $4,970 $4.970 55410 Subscriptions $86 $100 $100 $100 $100 55411 Dues & Registrations $2,027 $7,500 $7,500 $9,000 $9.000 55430 Employee Development $7,467 $11,000 $11,000 $8,500 $8.500 59181 Transfer to 2000 Info Sys Debt Svc Fund - Fin Soft $0 $0 $0 $86,657 $86.657 Sub- Total - Operating Expenses $2,954,608 $2,866,449 $2,982,665 $3,185,630 $3.185.630 0-3 CITY OF WINTER SPRINGS FISCAL YEAR 2000-2001 FINAL BUDGET WATER & SEWER DEPARTMENT OPERATING EXPENDITURES - 3600 .................... Originally #1 Adopted Revised Approved Amendment Amended Account FY 98/99 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 tlwI1Im DescriDtion of EXDenditure Actual Budget Budget Budget Budget Budget 56310 Capital Improvements $0 $375:000 $366,900 $303.000 $303,000 56400 Vehicles $0 $75,000 $75,000 $24.000 $24,000 56410 Other Equipment $0 $91,200 $91,200 $126,100 $126,100 56960 Depreciation $1,226,351 $0 $0 $0 $0 56970 Amortization $19,484 $0 $0 $0 $0 57110 Debt Service - Principal $0 $750,000 $750,000 $790.000 ($260.000) $530.000 57210 Debt Service - Interest $1.448,566 $1,396,932 $1,396.932 $1,381.291 $29,835 $1,411,126 59110 Renewal & Replacement $51,006 $140,310 $140,310 $120,200 $120,200 59111 Revenue Generation $0 $51.006 $51.006 $51,006 $51.006 59130 Developer Agreement Payments $357,392 $200,000 $265,752 $150,000 $150,000 Sub- Total- Non Operating Expenses $3,102,799 $3,079,448 $3.137,100 $2,945,597 ($230,165) $2,715,432 TOTAL WATER & SEWER EXPENDITURES $6,057,407 $5,945,897 $6,119,765 $6,131,227 ($230,165) $5,901,062 59990 Appropriations to Fund Balance $910,657 $45,258 $0 $26,323 $230,165 $256,488 TOTAL WATER & SEWER EXPENDITURES AND APPROPRIATIONS TO FUND BALANCE $6,968,064 $5,991,155 $6,119,765 $6,157,550 $6,157,550 Fund Balance - October 1 $ 773,428 $1,151,996 $1,684,085 $1,555,475 $1,555,4 75 Appropriations to (from) Fund Balance $910,657 $45,258 ($128,610) $26,323 $256,488 Fund Balance - September 30 $1,684,085 $1,197,254 $1,555,475 $1,581,798 $1,811,963 0-3 CITY OF WINTER SPRINGS FISCAL YEAR 2000-2001 FINAL BUDGET GENERAL FUND REVENUES RECAP .............................. ...................... Originally #1 Adopted Revised Amendment to Amended Approved Amendment to Arne oded FY 98/99 FY 99/00 FY 99/00 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 NUMBER DESCRIPTION OF REVENUES Actual Budget Budget Budget Budget Budget Budget Budget 311000 Ad Valorem Tax Revenue S3.100.876 S3,358.469 $3.358.469 53,358.469 53,676.262 53.676.262 313200 Franchise Fee . Telephone 522.684 $40,000 $40.000 $40,000 540,000 S40.000 313400 Franchise Fee - Gas 525.959 526,000 526.000 526,000 526,000 526.000 313500 Franchise Fee - Cablevision 5203.188 5212.374 S228.000 5228.000 5250.000 5250,000 321000 Occupational Licenses 581,316 5105.000 5105.000 5105.000 5100.000 5100.000 321100 Counly Impact Fees 526.465 535.000 535,000 535.000 520.000 520.000 322100 Permits - Building 5894.673 5600.000 5400,000 $400.000 5400.000 5400.000 322200 Permits - Electrical 52,278 $2.000 $2.000 52.000 55,000 S5.000 322300 Permits - Plumbing 5t4.409 S8.000 58,000 58,000 S10,OOO S10.000 322400 Permits - Mechanical S5.535 $4.000 S4.000 $4.000 S5.000 S5,OOO 322500 Permits - Arbor 57.425 S5.000 510.000 510.000 510.000 510.000 322600 Commercial Vehicle Permit 5725 SO SO 50 SO SO 331205 Federal Grant - Police Dept. - Equip S19.644 50 S19,OOO S19.000 S19,OOO S19.000 331400 Federal Granl Cops S197,707 S202.232 S202.232 5202.232 5100.000 5100.000 334900 Olher Slate Grants (CDBG Grant & Hickory) 50 SO 5111.775 5111.775 50 SO 335000 Slate Grant DEP Soccer Lighting SO SO SO SO 5150,000 S150.000 335110 Slate of FIa.-Cigarette Tax 580.242 583,000 583.000 583,000 50 SO 335120 Slate of Fla.-Slate Revenue Sharing S583.243 5629.130 S629.130 S629.130 5691.896 5691.896 335140 Slate of Fla.-Mobile Home Tax 58.728 S8.500 58.500 58.500 59,000 59.000 335150 Slale of Fla.-Alcoholic Beverage Tax 52.461 S4.000 S4.000 54.000 54.000 54.000 335181 Slate of FIa..Half Cent Sales Tax SI.779.755 51.848.637 51.848.637 51.848.637 52,028.885 52.028.885 335410 Molar Fuel Tax Rebate 520.128 54.000 54,000 $4,000 58,000 58.000 335500 Slate of FIa.-DepL of Transportation 517,631 50 518,900 518,900 526.000 526.000 335550 Resource Officer SO S65.987 536.525 536.525 539.155 539,155 341200 Zoning & Annexations S325 S1,200 51.200 51.200 51.200 51,200 341400 Recording & Copy Fees 55.223 53.500 S3,500 53.500 55.867 55.867 34380 I Concession SIand - C.W.P. 588.137 575.000 575.000 S75.000 5150.000 5150.000 347530 Facility Renlal (CC & Pavilllon) 510.879 58.000 S13.000 513.000 510.000 510.000 349000 Fixed Pole Fees S8.250 50 SO 50 SO SO 349100 League Fee/Field Renlat 515.757 S12.000 512.000 512.000 515.000 515.000 349400 Partnership League Fees 50 50 50 50 550.500 550.500 349200 Summer Youth Progrnm 531.911 S45,OOO S45,OOO S45,OOO $45,000 545.000 349300 Program fees 50 50 S3.000 53.000 SO SO 351100 Fines & Forfeitures 5189.717 5200.000 S235.000 5235.000 5200.000 5200,000 351400 Tree Bank Revenues SO 50 525,000 (525.000) 50 58.000 (58.000) SO 361100 Interest Earned 5151.684 5190.000 5190.000 5190,000 5200,000 S200.000 361 I 1 I Miscellaneous Revenues S147.024 S75.000 575.000 575.000 5100.000 S100.000 381001 Transfer from Public Service Tax Fund 51.055.000 S1.199.710 51,199.710 51.199.710 51.395.664 S 1.395.864 381002 Transfer from Electric Franchise Fee Fund S594,713 S666.606 5737,106 5737.106 S580,764 5580,764 381003 Transfer from Interim Services Fee Fund 529,424 SO 50 SO 50 50 38' 004 Transfer from Stonnwater 53.500 S3.500 53.500 53.500 520,515 520.515 38' 008 Transfer from SolidwastelRecycling S98.400 5102,000 5102,000 5102.000 5108.000 5108.000 381012 Transfer from Oak Foresl Capital Fund 50 50 5100,000 5100,000 5100,000 5100.000 335575 Reimbursement for 434 Beautification 50 5120,000 5120.000 S120,OOO SO 50 381040 Reimburse- Tusk light & BeautfficaUon Oist SO S285,OOO 597,908 597.908 5275.000 5275.000 381060 Reimbursement for Town Center Expenses S245,772 50 537,930 537.930 50 50 381090 Relmbursemenl from Water & Sewer - UT Bill and MS S840.000 5682.380 5882,380 S682,380 5570,711 S570.711 381091 Reimbursement from Water & Sewer~Falr Share 50 SO 576.291 576,291 5223.661 5223,661 TOTAL GENERAL FUND REVENUES 510.410.990 S10.910.205 Sl1.016.693 510,991,693 511.678.280 511.670.280 TOTAL APPROPRIATIONS FROM FROM BALANCE 50 50 5483.966 525.000 S508.966 $0 $8.000 58.000 TOTAL GENERAL FUND REVENUES AND APPROPRIATIONS FROM FUND BALANCE S10.410.990 510.910.205 511,500,659 511.500.659 511.678.280 511.678.280 8-1 CITY OF WINTER SPRINGS fiSCAL YEAR 2000.2001 FINAL BUDGET GENERAL FUNDS DEPARTMENTAL EXPENDITURE RECAP ..............-.... .........u.......... Originally #1 Adopted Revised Amendment to Amended Approved Amendment to Amended FY 98/99 FY 99/00 FY 99/00 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 WlMllfR DEPARTMENT Actual Budget Budget Budgel Budget Budget Budget Budget ltOO Commission $96,638 $115,100 $120,100 $120.100 $115.100 $115.100 1110 Boards $5,867 $10.675 $10,675 $10.675 $29.825 $29.825 1200 City Manager $180.327 $233.114 $308.114 $308,114 $223.630 $223.630 1210 City Clerk $319,600 $157.459 $152,459 $152.459 $171.940 $171.940 1300 Finance $337.609 $353,342 $403,341 $403.341 $386.752 $386.752 1310 General Svcs -Human Resources $58.713 $65.894 $65.894 565,894 $93,869 $93.869 1320 UUlity Finance - Meter Services $154,569 $0 50 $0 5344.652 5344.652 1330 General Svcs - Purchasing and Risk Mngt 5253.982 $219.939 $279.939 $279,939 $340.091 $340.091 1340 Infonnation Systems $258.866 $465,698 $465.698 $465.698 $346,644 $346.644 1360 Utility Finance $211.498 $465.547 $465.547 $465,547 $220,229 $220.229 1500 Engineering $93,521 $103.106 $103,106 $103,106 $57.285 $57.285 1510 Com Oev - Planning $223,309 $278.151 $424.926 $424.926 $279,250 $279.250 1520 Com Oev - Oev Review $56,254 $75.269 $91.269 $91,269 $59,522 $59.522 1900 General Government $397,289 $295.500 $370.500 $370.500 $211.500 $211.500 2110 Police $2.723,006 $2.750.612 $2.850.612 $2.850.612 $3.094.523 $3.094.523 2111 COPS Grant-omcer $298.755 $319.867 $319.867 $319.867 $358.894 $358,894 2112 COPS Grant-Equipment $0 $0 $19.000 $19,000 $19.000 $19,000 2210 Fire $1,956,406 $2,080.415 $2.080,415 $2,080.415 $2.311.925 $2,311.925 2400 Com Dev - Building $249.513 $291,907 $291.907 $291.907 $284,968 $284.968 2500 Com Oev - Code Enforcement $106.936 $125.242 $145.175 $145,175 $164,095 $164.095 4410 Public Works $ I .196.403 $1.310.063 $1.323.063 $1.323.063 $ 1 ,293.436 $ 1.293.436 7200 Parks and RecreaUon $1,101.456 $1,193,305 $1.209.052 $1,209.052 $1.271.150 $1.271.150 TOTAL GENERAL FUND EXPENDITURES $10.280.515 $10,910.205 $11.500.659 $ 11 ,500.659 $11.678.280 $11.678.280 TOTAL APPROPRIATIONS TO FUND BALANCE $130.474 $0 $0 $0 $0 SO TOTAL GENERAL FUND EXPENDITURES AND APPROPRIATIONS TO FUND BALANCE $10.410.990 $10.910.205 $11.500.659 $11.500.659 $11.678.280 $11.678.280 CHANGE IN FUND BALANCE - GENERAL FUND FUND BALANCE - October 1, $2.699,302 $2.413.997 52.829,776 $2,829.776 $2.345.811 $2.320.811 Appropriations to (From) Fund Balance $130.474 $0 ($483.966) ($25.000) ($508.966) $0 ($8.000) ($8,000) FUND BALANCE - September 3D, $2,829.776 $2.413.997 $2.345,811 $2.320.811 $2.345.811 $2.312.811 6-2 "- CITY OF WINTER SPRINGS FISCAL YEAR 2000-2001 FINAL BUDGET ARBOR FUND REVENUES & EXPENOITURES -110 .................... .................... Originally #1 Adopted Revlsod Amondment to Amendod Approved Amendment to Amended Account FY 98/99 FY 99/00 FY 99100 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 Ifwn.bJu Descr'otion of Rovenues Actual Budget Budget Budget Budget Budget Budget Budget 351400 Tree Bank Revenues $0 $0 $0 $32,900 $32,900 $0 $55.000 $55,000 TOTAL ARBOR FUND REVENUES $0 $0 $0 $32.900 $0 $55.000 389100 Appropriation from Fund Balance $0 $0 $0 $0 $0 $0 TOTAL ARBOR FUND REVENUES AND APPROPRIATIONS FROM FUND BALANCE $0 $0 $0 $32,900 $0 $55.000 Originally #1 Adopted Revised Amendment to Amended Approved Amendment to Amended Account FY 98/99 FY 99/00 FY 99/00 FY 99/00 FY 99/00 FY 00/01 FY 00/01 FY 00/01 Ifwn.bJu Description of Exoonditures Actual Budget Budget Budget Budget Budget Budget Budget 54685 Arbor Improvements $0 $0 $0 $7,479 $7.479 $0 $70.600 $70.600 TOTAL ARBOR FUND EXPENDITURES $0 $0 $0 $7,479 $0 $70.600 59990 Appropriation to Fund Balance $0 $0 $0 $25,421 $0 ($15.600) TOTAL ARBOR FUND EXPENDITURES AND APPROPRIATIONS TO FUND BALANCE $0 $0 $0 $32,900 $0 $55.000 CHANGE IN FUND BALANCE FUND BALANCE - October 1, $0 $0 $0 $0 $0 $25,421 $25,421 Appropriation to (from) Fund Balance $0 $0 $0 $25,421 $25,421 $0 ($15.6001 ($15.6001 FUND BALANCE - September 30, $0 $0 $0 $25,421 $0 $9.B21 $9.821 .--~~ '.,* ~~ Summary of Financing Wa!~.~_.,~l1d ~ewer Refunding Revenue Bonds, Series 2000 . Purpose - Fund approximately $4 million in capital projects - Refinance the Series 1997 Bonds Structure - Combined with existing bonds to produce level payments for the next 30 years. True Interest Cost (TIC) of 5.92% . . City of Winter Springs, Florida Water and Sewer Refunding Revenue Bonds Allocation of Funds Sources of Funds Par Amount Other (accrued interest and OlD) Total Sources of Funds $6,969,191 (55.065) $6,914,126 Uses of Funds Project Fund (net oearning~ Refund Series 1997 Reserve Fund Underwriters Discount Bond Insurance Costs of Issuance & Other Total Uses of Funds $3,777,949 2,255,893 690,894 53,290 53,337 82.763 $6,914,126 .-==- =- -- -- -- ~=- . I , '. Louise Frangoul From: Sent: To: Subject: Kip Lockcuff Monday, December 04,200011 :49 AM Louise Frangoul 2000 Construction Fund Project List - Optimistic 2001 Project List - 2000 Construction Fund [~=-~==I=r:_~_J _=:I:_~_-I~~_].-.:_--_=~ I ! Utility 2000 Construction Fund I I I i I I I I WTP #1 Water Main to Tuskawilla Road - 16" ! i $120,000 I I Spine Road water main - 12" i ! $120,000 I-;--;--.-----.----.------.-----~._---_._- --....------.---...-.. .--.-.-.--..--... --...-.--..---....!---.------.--.--........L--.-...$-.-.------ !Well #4 @ WTP #1 I I I 250,000 I . I Force Main to Town Center and East WRF -I I $650,000 IlVlaTriS treeTwatei- ma in -::-1'"2"-----J---------T-.--.------ -----.-..-.--t---------..-.-.....~----$--- I I 80,000 ~_._---------_..-~.._-_._._--_._---~._.._--- .-.---.----. ..----.-.--.. --..---...---.-,...---.--.---.-.--.--1-...---.-.-----.-- 1 S.R. 434 water main - Spine Road to Vistawilla 12" 1 i $400,000 i S.R. 434 water main u rade - Vistawilla to 417 - 12" I i $50,000 I I-------------.-...-.-.--.-------l~---------T---------r----------r---.------J-.-..---------.j-----------...---, \ ~ -1..;;> '-'" "-='-= } ../ 1 , "' CITY OF WINTER SPRINGS, FLORIDA Code Enforcement 1126 EAST STATE ROAD 434 WINTER SPRINGS, FLORIDA 32708-2799 Telephone (407) 327-1800 Fax (407) 327-6695 MEMORANDUM DATE: December I, 2000 TO: Louise Frangoul, Fin}!nce Director ,l.t Charles Carrington>Conununity Development Direclor x.........--.- ~ Jimette Cook, Code Enforcement Manager ~ Tree Bank Fund THROUGH: FROM: RE: Please find attached an estimation of anticipated funds for tile 2000-200 I Tree Bank Fund and an estimation of expenditures from 11m! fund. Projected expenditures from Tree Bank I. Northern Way Water Plant rights-or-way project 2. Hayes Road Phase II to Gee Creek 3. Trotwood Park buffer for balling cages 4. Trotwood Park natural hedgerow for playground 5. Winding Hollowrrrotwood connector trees 6. Central Winds 40 x 100' shade for spectators 7. Central Winds 50 x 50 buITer on cast property 8. Central Winds BuITer between amphitheater and residence 9. Pearl Road medians 10. Northern Way plantings 85' x 50' II. Fireslation #24 12. Firestation #26 TOTAL Estimation of anticipated funds; $29,000 roll-over from 1999-2000 (approximate) $55,000 from new development (possible) Tolat- $84,000 $23.000 $5.600 $5.200 $2.500 $3,900 $6,400 $3.500 $4.800 $3,600 $4,250 $4, 100 $3,750 $70,600 C/ '\?ft. Resolution No. 2000-40 A Resolution of the City Commission of Winter Springs amending the Fiscal Year 2000/2001 budget as provided in Exhibit "A" attached hereto; providing for' severability; providing an effective date. Whereas, the City Commission finds it necessary to amend the fiscal year 2000/2001 budget as provided herein. Now therefore be it resolved by the City Commission as follows: Section 1 Budget Amendment. The City of Winter Springs fiscal year 2000/2001 budget is hereby amended as provided for in Commission Agenda Item F, dated December 11,2000, and attached hereto as Exhibit "A" which is hereby fully incorporated herein by this reference. Section 2 Severability. If any section of this resolution is for any reason held involved or unconstitutional by any court of competent jurisdiction such portion shall be deemed a separate, distinct and independent provision, and such holding shall not affect the validity of the remaining portions of this resolution. Section 3 Effective Date. This resolution shall become effective immediately upon adoption by the City Commission of the City of Winter Springs, Florida. \\\\\. I , " . ~.._ ) J, ..:1 , ~ i (,.J " "). L i\ \ .' I . . , Attest " .' 1 : I '. I ,",,--,.^--.,:;IV- Jf'-- , , 1. 1-' ;. 1. :) -----