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Home My WebLink About2006 04 24 Regular Item 302 Resolution 2006-22 COMMISSION AGENDA ITEM 302 CONSENT INFORMATIONAL PUBLIC HEARING REGULAR X April 24, 2006 MGR/DEPT Authorization Meeting REQUEST: The Finance Department Requests that the City Commission Adopt Resolution No. 2006-22 Amending the Fiscal Year 2005-2006 Budget. PURPOSE: The purpose of this agenda item is to request that the City Commission amend the fiscal year 2005-2006 budget. CONSIDERATIONS: A mid-year budget review indicates the need to amend the FY 2006 budget as shown in Attachments 1 (Budget Amendment Summary- All Funds) and 2 (General Fund Budget Amendment Recap). Executive Summary The following table indicates the effect which the 2005 CAFR and the budget amendments have had on budgeted fund balances. Only those funds requiring budget amendments have been included. Fund # Fund Name Original Budgeted Fund Balance at 9/30/06 Revised Budgeted Fund Balance at 9/30/06 001 103 105 107 108 109 110 General Fund $4,686,376 $5,431,766 Other Governmental Funds: Special Law EnfTrust Fund (Local) Park Donation Fund Solidwaste/Recycling Fund Special Law EnfTrust Fund (Federal) Emergency & Disaster Relief Fund Arbor Fund $77,089 $44 $325,229 New Fund $0 $62,528 $22,328 $0 $322,122 $20,563 $634,476 $95,433 112 HOA Project Fund 115 Road Improvements Fund 145 Public Facilities Impact Fee Fund 150 Police Impact Fee Fund 155 Parks Impact Fee Fund 160 Fire Impact Fee Fund 182 TLBD Debt Service Fund (Phase I) 184 TLBD Maintenance Fund 213 TLBD Debt Service Fund (Phase II) 308 TLBD Improvement Fund (Phase I) 313 TLBD Improvement Fund (Phase II) 191 Oak Forest Maintenance Fund 192 Oak Forest Debt Service Fund 309 Oak Forest Capital Fund 306 Revolving Rehabilitation Fund 311 Public Facilities Capital Project Fund 312 City Hall Expansion Fund 314 HMGP Project Fund 316 Senior Center Expansion Fund Enterprise Funds * : 401- 3600 Water & Sewer - Operating + 401- 3640 Water & Sewer - 2000 Utility Const 420 Development Services Fund 430 Stormwater Fund New Fund $27,000 $145,545 $8,778 $68,177 $69,905 $1,775 $21,713 $72,611 $100,435 $337,344 $351,936 $99,806 $103,212 $158,232 $197,416 New Fund $0 $20,252 $0 New Fund $320,325 $15,061 $21,117 $1,489 $1,980 $1,499 $2,772 $766,127 $936,555 $0 $518,109 $0 $6,496 New Fund $0 New Fund $100,000 $6,097,350 $6,204,218 $0 $27 $633,059 $676,511 $243,881 $377,881 + Fund Balance includes approximately $2,000,000 of bond reserves * Note - As enterprise funds, the above budgeted 'fund balances' do not represent their budgeted cash balances but rather a projection of their year-end unrestricted net assets. FUNDING: As described in Attachments RECOMMENDATION: Adopt Resolution No. 2006-22 amending the FY 2006 Budget 042406_ COMM_Regular_302_Mid-Year_ Budget_ Amendment ATT ACHMENTS: Resolution No. 2006-22 Attachment 1 - Budget Amendment Summary - All Funds Attachment 2 - General Fund Budget Amendment Recap COMMISSION ACTION: 042406_ COMM _Regular _302_ Mid-Year _ Budget_ Amendment RESOLUTION NO. 2006-22 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS AMENDING THE FISCAL YEAR 2005/2006 BUDGET AS PROVIDED IN EXHIBIT "I" ATTACHED HERETO; PROVIDING FOR THE REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission finds it necessary to amend the fiscal year 2005/2006 budget as provided herein; and WHEREAS, the City Commission of the City of Winter Springs deems that this Resolution is in the best interests of the public health, safety, and welfare of the citizens of Winter Springs. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated by this reference. Section 2. Budget Amendment. The City of Winter Springs' fiscal year 200512006 budget is hereby amended as provided for in Commission Agenda Item 302, dated April 24, 2006, and included herein as Attachment "I" which is hereby fully incorporated herein by this reference. Section 3. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict. Section 4. Severability. If any section of this resolution is for any reason held invalid 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 portion hereto. Section 5. Effective Date. This resolution shall become effective immediately upon adoption by the City Commission of the City of Winter Springs, Florida. RESOLVED by the City Commission of the City of Winter Springs, Florida, in a regular meeting assembled on the 24th day of April, 2006. JOHN F. BUSH, Mayor 042406_ COMM_Regular_302_ Resolution_2006-22 ATTEST: ANDREA LORENZO-LUACES, City Clerk Approved as to legal form and sufficiency for the City of Winter Springs only: ANTHONY A. GARGANESE, City Attorney 042406_ COMM_Regular_302_ Resolution_2006-22 Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 General Fund Funds not included in this summary do not require budget amendment HELPFUL TOOLS: Comprehensive Annual Financial Report for the year ended September 30, 2005 as approved by City Commission on 3/27/2006 Regular Item 300; and Final Budget Fiscal Year 2005-2006 as approved by City Commission on 9/26/05 Public Hearing 401. General Fund #001: As approved by City Commission on 9/26/05 Public Hearing Item 401: 10/01/2005 Budgeted Beginning Fund Balance FY '06 Budgeted Appropriation to (from) Fund Balance 9/30106 Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2006 Budget (as approved on 9/26/05): Difference in Beginning Fund Balance from projected to actual as shown in 9/30/05 CAFR $1,1 75,692 Commission Approved: 10/24/05 Consent 202 - Fiber Reroute 10/10/05 Consent 205 - 28' Trailer for Police Community Services 11/14/05 Regular 504 - City Operator 11/14/05 Regular 504 - Transfers in for City Operator 11/14/05 Consent 205 - Telephone System Upgrade 11/14/05 Consent 205 - Transfers in for Telephone System Upgrade 11/14/05 Consent 206 - Telephone System (move to City Hall) 11/14/05 Consent 206 - Transfers in for Telephone System 11/14105 Reports 601 - Sick-leave buy-back (Ron Cox- PD) 11/28/05 Consent 201 - Fire Station 24 & 26 Emergency Repairs 11/28/05 Regular 509 - Records Management Contract Employee 11/28/05 Consent 507 - Office Conversion - City Clerk 12/12/05 Regular 302 - Special Compensation (temp assignment of duties) 12/12/05 Regular 301 - Early Leaming Coalition 1/23/06 Regular 307 - Board Appreciation Dinner 2/13106 Regular 301 - Golf Course Feasibility Study 2/13/06 Consent411 - AC Replacement for Police Phone Room 3/27/06 Regular 301 - Televising Chambers 3/27/06 Consent 400 - Motorcyle proceeds plus transfer from #108 3/27/06 Consent 400 - Purchase offour new motorcycles 3/27/06 Consent 402 - Removal of Power Lines (Transfer to 115) 4/10106 Consent 401 - 2006 KJV A Project 4/10/06 Consent 401 - 2006 KIV A Project Transfers in from Other Funds ($2,500) ($12,000) ($35,513) $25,924 ($9,825) $5,896 ($2,683) $1,958 ($5,529) ($17,000) ($23,836) ($8,800) ($11,900) ($7,150) ($1,700) ($18,000) ($3,500) ($4,000) $57,800 ($57,800) ($8,841) ($193,513) $116,108 Additional Appropriation to (from) Fund Balance (Comm Aooroved ) ($216,404) Difference in Beg Fund Balance from Projected to Actual $1,175,692 Actual Beg Fund Balance from 9/30/05 CAFR $5,851,348 042406_ COM M _ Consent_ 302 _ Mid-Year _ Budget_Amendment Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006;Regular 302 General Fund Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Special Law Enforcement Fund #103 As approved by City Commission on 9/26/05 Public Hearing Item 401: 10/0 1/05 Budgeted Beginning Fund Balance FY '06 Budgeted Appropriation to (from) Fund Balance 9/30/06 Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2006 Budget (as approved on 9/26/05): Difference in Beginning Fund Balance from projected to actual as shown in 9/30/05 CAFR Cost of seized vehicle purchased from US Marshall (FMV $15K) Transfer to new fund (Sp Law Enf.-Fed #108) the Federal confiscation revenue Transfer to new fund (Sp Law Enf.-Fed #108) interest revenue budget - Federal confiscations Transfer to new fund (Sp Law Enf.-Fed #108) - fund balance related to Federal confiscations Revisions to Original Budgeted Fund Balance REVISED 9/30/06 Budgeted Ending Fund Balance Parks Donation Fund #105 (Also known as Recreation Acquisition Fund) As approved by City Commission on 9/26/05 Public Hearing Item 401: 10/01/05 Budgeted Beginning Fund Balance FY '06 Budgeted Appropriation to (from) Fund Balance 9/30/06 Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2006 Budget (as approved on 9/26/05): Difference in Beginning Fund Balance from projected to actual as shown in 9/30/05 CAFR Transfer residual equity to Parks Impact Fee Fund Remove interest revenue budget; allocation to go to Parks Impact Fee Fund Revisions to Original Budgeted Fund Balance REVISED 9/30/06 Budgeted Ending Fund Balance $27,389 $49,700 $77,089 ($15,398) ($4,200) ($25,000) ($350) ($9,813) ($54,761 ) $22,328 $18,494 ($18,450) $44 ($171 ) ($50) ($44) Difference in Beg Fund Balance from Projected to Actual Beg Fund Balance from Actual 9/30/05 CAFR ($15,398) $11,991 $177 $18,671 $177 $0 042406_ COMM _ Consent_ 302_ Mid-Year _Budget_Amendment Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 General Fund Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Government Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Government Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Government Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Governmental Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Other Government Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Enterprise Funds Attachment 1 - Budget Amendment Summary (Resolution 2006-22) 04/24/2006; Regular 302 Enterprise Funds Attachment 2 - General Fund Budget Amendment Recap (Resolution 2006-22) 04/24/2006; Regular 302 Attachment 2 - General Fund Budget Amendment Recap (Resolution 2006-22) 04/24/2006; Regular 302