Loading...
HomeMy WebLinkAbout2025 01 27 Consent 300 - Quarter 1 Budget Amendment for Fiscal Year 2024-2025CONSENT AGENDA ITEM 300 CITY COMMISSION AGENDA | JANUARY 27, 2025 REGULAR MEETING TITLE Quarter 1 Budget Amendment for Fiscal Year 2024-2025 SUMMARY The City Manager is requesting that the City Commission consider and approve Resolution 2025-01 amending the Fiscal Year 2024-2025 budget. The City Charter provides the Commission may amend the budget by resolution. Only those funds requiring budget adjustments are included herein. This amendment represents activity for Quarter 1 FY 2025. The amendments are necessary for one of the following reasons: Rollover of Purchase Order of non-spent funds, must be re-appropriated if not included in subsequent budget. Re-allocation of Purchase Order due to movement of ARPA funds Appropriation of Storm Reserve based on final numbers for Milton Cleanup Recognition of Event Revenues/Expenses in preparation for Upcoming Spring Event This resolution formalizes the fiscal impact of the above items that were not included in the original 2024-2024 budget. Attachment 1 provides the detail on the increases and decreases of revenues and expenditures. FUNDING SOURCE RECOMMENDATION Staff recommends the City Commission consider and approve Resolution 2025-01. 11 City of Winter Springs Resolution 2025-01 Page 1 of 2 RESOLUTION 2025-01 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS FLORIDA, AMENDING THE FISCAL YEAR 2024-2025 BUDGET; PROVIDING FOR SEVERABILITY, REPEAL OF PRIOR INCONSISTENT RESOLUTIONS, AND AN EFFECTIVE DATE. WHEREAS, Section 7.05 of the City Charter provides that the annual City budget may be amended by Resolution duly adopted by the Commission; 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. That the Fiscal Year 2024-2025 City Budgets are amended as provided in Attachment 1 hereto. 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 All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict.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, subsection, sentence, clause, phrase, word, or portion 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 27th day of January, 2025. ATTEST: __________________________________________ KEVIN McCANN, Mayor 12 City of Winter Springs Resolution 2025-01 Page 2 of 2 _____________________________________ CHRISTIAN GOWAN, City Clerk Approved as to legal form and sufficiency for the City of Winter Springs only: _____________________________________ ANTHONY A. GARGANESE, City Attorney 13 City of Winter Springs Resolution 2025-01 Budget Amendment Attachment #1 Fund GL Db Cr 001-General Fund Increase Promo Advertising Expenditures for Eggciting Egg Hunt 001-72-7400-555480-003 5,220 Increase Misc Private Contribution/Donations for Eggciting Egg Hunt 001-72-7400-366000-003 5,220 130 - Solid Waste Fund Increase emergency recovery budget for Hurricane Milton debris cleanup - Storm Reserve 130-41-0000-530910 400,000 Increase consulting budget for FEMA application support (Carlisle Thompson) - Storm Reserve 130-41-0000-530314-003 30,000 Appropriate from Storm Reserve Fund Balance 130-00-0000-399900 430,000 * This is being submitted to FEMA for reimbursement and funds received will be reallocated to Storm Reserve 160 - TLBD Maintenance Fund Increase CIP Budget, project delayed due to Hurricane Milton (Rollover PO)160-15-0000-560650 200,000 Increase Insurance Settlement Proceeds 160-15-0000-369301 43,443 Appropriate from Fund Balance 160-00-0000-399900 156,557 180 - ARPA Fund Increase CIP Budget, Approved 09.23.24 Item 500 (Rollover PO) for Lift Station 7W Construction 180-36-0000-560650 4,044,327 Increase Recognition of ARPA Revenue from Deferred Revenue as Spent 180-00-0000-332390 4,044,327 Increase CIP Budget, Approved 12.11.23 Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design 180-36-0000-560650 3,700,000 Increase Recognition of ARPA Revenue from Deferred Revenue as Spent 180-00-0000-332390 3,700,000 410 - Water/Sewer Fund Increase CIP Budget, Approved 12.11.23 Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design 410-36-3600-560650 5,452,000 Increase Debt Proceeds from Approval of State Revolving Design Loan 01.10.25 410-00-0000-384000 5,452,000 Increase CIP Budget, Approved 12.11.23 Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design 410-36-3600-560650 3,457,045 Appropriate from Designated Sewer Infrastructure Funds, approved 09.23.24 BA 2024-24 410-00-0000-399900 3,457,045 Increase of Revenues/Expenditures 17,288,592 17,288,592 14