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HomeMy WebLinkAboutResolution 2025-06 Amending the Fiscal Year 2024-2025 BudgetRESOLUTION 2025-06 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 All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict.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 121h day of May, 2025. ATTEST: City of Winter Springs Resolution 2025-06 Pagel of 2 KEVIN McCANN, Mayor CHRISTIAN GOWAN, City Clerk Approved as to legal form and sufficiency for the City of Winter Springs only: 14 � -�- - ANTHONY,. GARGANESE, City Attorney City of Winter Springs Resolution 2025-06 Page 2 of 2 Attachment 1 - Budget Amendment Detail Resolution 2025-06 General Fund Funds not included in this summary do not require a budget amendment HELPFUL TOOLS: Fiscal Year 2024-2025 Original Budget as approved by City Commission on 9/23/24 Public Hearing 401. General Fund #001: As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/l/24 Budgeted Beginning Fund Balance FY 2025 Budgeted Appropriation TO (FROM) Fund Balance 9/30/25 Budgeted Ending Fund Balance Difference in Beg Fund Bal Actual Beg Fund Projected to Balance Actual $9,085,506 'd: $2,832,135 - $11,917,641 ($2,034,400) $7,051,706 Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24Year-End Financials $2,832,735 Revenue Neutral., Grants/Donations: FDLE Jag Grant (21) $17,227 Increase Machinery & Equipment (21) ($17,227) EMIT Safety Grant (21) $6,000 Increase Small Tools (21) ($6,000) Energy Efficiency Grant Voucher Program (00) $74,520 AC Replacements Approved by Voucher Program Consent 30510.28.24 06) ($74,520) $0 Community Events: Recognize revenue budget - Winter Wonderland $22,020 Establish expenditure budget- Winter Wonderland (7400) ($22,020) Recognize revenue budget - Hometown Harvest $16,S00 Establish expenditure budget - Hometown Harvest (7400) ($16,500) Recognize revenue budget - Celebration of Freedom $47,640 Establish expenditure budget - Celebration of Freedom (7400) ($47,640) Recognize revenue budget -Spring Festival $5,220 Establish expenditure budget - Spring Festival (7400) ($5,220) $0 Inter -departmental transfers: Other., Inter -departmental transfer FROM Dep't 15 (1520) Comm Dev- Vehicle Replacement ($52,000) Inter -departmental transfer FROM Dep't 16 (1935) Facilities - Vehicle Replacement ($50,000) Inter -departmental transfer FROM Dep't 72 Parks - Vehicle Replacement ($50,000) Inter -departmental transfer TO Dep't 41 Public Works - Vehicle Replacement (4110) Adjusted after fleet review $152,000 $0 Fiscal Year 2024 Purchase Order/Budget Rollovers: Increase Parks Consulting Rollover PO for CWP Master Plan (72) ($123,324) Increase Gen Government/Finance Consulting Rollover PO for Hurricane Ian Closeout ($40,000) ($163,324) Revisions to Original Budgeted Appropriation TO (FROM ) Fund Balance ($163,324) REVISED 9/30/24 Budgeted Ending Fund Balance $9,779,977 Res 2025-01 Res2025-01 FY 24 Mid -Year Budget Amendment Attachment 1 Attachment 1 - Budget Amendment Detail Resolution 2025-06 Other Governmental Funds Difference in Beg HELPFULTOOLS: Fiscal Year 2024-2025 Original Budget as approved by City Commission on 9/23/24 Public Hearing 401. Fund Bat Projected Actual Beg Fund Balance to Actual Police Education Fund #101 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance $17,567 $12,29S $29,862 FY 202S Budgeted Appropriation TO (FROM) Fund Balance 1$2240) 9/30/25 Budgeted Ending Fund Balance $15,327 Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials $12,295 Traffic Revenue $24,974 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $37,269 REVISED 9/30/24 Budgeted Ending Fund Balance $52,596 Special Law Enforcement Fund - Local #102 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance $26,157 $8,487 $34,644 FY 2025 Budgeted Appropriation TO (FROM) Fund Balance ($13,130) 9/30/25 Budgeted Ending Fund Balance $13,027 Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials $8,487 Confiscation Revenue $8,108 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $16,595 REVISED 9/30/24 Budgeted Ending Fund Balance $29, 222 NEENNINEMEM Road Improvement (Infrastructure Surtax)Fund #121 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance $8,098,998 $1,740,385 $9,839,383 FY 2025 Budgeted Appropriation TO (FROM) Fund Balance ($2,675,000) 9/30/25 Budgeted Ending Fund Balance $5,423,998 Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials $1,740,385 Discretionary Sales Surtax Revenue 3rd Gen (Additional Over Budgeted Amount - Real) $370,000 Discretionary Sales Surtax Revenue 4th Gen (Not Budgeted at time of Adoption - Real) $708,000 Discretionary Sales Surtax Revenue 4th Gen (Not Budgeted at time of Adoption -Estimated) $892,000 Federal Grant Revenue (NRCS - Creek Sediment and Debris Removal) $459,202 Rollover PO for Stormwater Improvement Program - Kimley Horn Tasks 1-5 - (Reg 5022,26.24, Reg SOO 6.24.24) ($662,000) Federal Grant Revenue (NRCS - Moss Park Creek Bank Stabilization) $571,965 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $4,079,552 REVISED 9/30/24 Budgeted Ending Fund Balance $9,5031550 TLBD Maintenance Fund #160 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance FY 2025 Budgeted Appropriation TO (FROM) Fund Balance 9/30/25 Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials Increase Insurance Settlement Proceeds Increase CIP, Project delayed due to Hurricane Milton (Rollover PO) Increase Insurance Settlement Proceeds Increase CIP, North Fountain Repair Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance REVISED 9/30/24 Budgeted Ending Fund Balance $83,343 $252,754 $336,097 ($82,504) $839 $252,754 $43,443 Res.2025-01 ($200,000) Res.2025-01 $4,980 ($45,000) $56,177 $57,016 FY 24 Mid -Year Budget Amendment Attachment 1 Attachment 1 - Budget Amendment Detail Resolution 202S-06 Other Governmental Funds HELPFUL TOOLS: Fiscal Year 2024-2025 Original Budget as approved by City Commission on 9/23/24 Public Hearing 401. Oak Forest Maintenance Fund #161 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance FY 2025 Budgeted Appropriation TO (FROM ) Fund Balance 9/30/25 Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials Increase Contract/Administrative for Assessment District Rate Studv Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance REVISED 9/30/24 Budgeted Ending Fund Balance 1999/2011 Debt Service Fund #202 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance FY 2025 Budgeted Appropriation TO (FROM) Fund Balance 9/30/2S Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials Increase in Consulting for Arbitrage Calculation Due FY25 by PFM Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance REVISED 9/30/24 Budgeted Ending Fund Balance Difference in Beg Actual Beg Fund Fund Bal Projected Balance to Actual $81,175 $21,893 $103,068 ($24,003) $57,172 $21,893 ($16,000) $5,893 $63,065 $1,333,463 $2,556 $1,336,019 ($42,SO5) $1,290,958 $2,556 ($1,000) $1,S56 $1,292,514 FY 24 Mid -Year Budget Amendment Attachment 1 Attachment 1 - Budget Amendment Detail Resolution 2025-06 Enterprise Funds Difference in Beg HELPFULTOOLS: Fiscal Year 2024-2025 Original Budget as approved by City Commission on 9/23/24 Public Hearing 401. Net Capital, Fund Bal - Actual Ending Restricted, NPL Projected to Fund Equity Actual Water & Sewer Operating Fund #410 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance FY2025 Budgeted Appropriation TO (FROM ) Fund Balance 9/30/25 Budgeted Ending Fund Balance Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials Increase CIP Budget, Approved 1231.23Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design Increase Debt Proceeds from Approval of State Revolving Design Loan 01.10.25 Increase CIP Budget, Approved 12.11.23 Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design $7,077,536 $25,824,762 $15,578,481 $48,480,779 ($4,501,169) $2,576,367 W&S Svc Avail Fund $6370,977 ACFR combines $54,851,756 410,412 $15,578,481 ($5,452,000) Res 2025-01 $5,452,000 Res 2025-01 ($3,457,045) Res 2025-01 Defer to FY26 CIP Budget, Approved 12.11.23 Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design $5,425,200 Defer to FY26 Debt Proceeds from Approval of State Revolving Design Loan 01.10.25 ($5,452,000) Defer to FY26 CIP Budget, Approved 12.11.23 Item SOO Budget (Rollover PO) for Waste Water Treatment Plant Design $3,457,045 Increase CIP Budget for CMAR Preconstruction Services on Reg 05.12.25 (585,346) Rollover FY24 PO for West WRF Disk Filter Reg SOO Approved 4.29.24 (366,085) Recognize Grant Revenue from Hurricane Ian FEMA Reimbursement 240,679 Revisions to Original Budgeted Appropriation TO (FROM) Fund Equity REVISED 9/30/24 Budgeted Ending Fund Balance Stormwatcr Utility Fund #411 y i�r,nvu,7t7 $17,417,296 As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1/24 Budgeted Beginning Fund Balance $1,010,347 $7,319,133 $194,581 $8,524,061 FY2025 Budgeted Appropriation TO (FROM ) Fund Balance ($746,845) 9/30/25 Budgeted Ending Fund Balance $263,502 Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24Year-End Financials $194,581 Recognize Grant Revenue from Hurricane Ian FEMA Reimbursement $163,OB0 Revisions to Original Budgeted Appropriation TO (FROM) Fund Equity $357,661 REVISED 9/30/24 Budgeted Ending Fund Balance $621,163 Water and Sewer Service Availability Fund #412: As approved by City Commission on 9/23/24. Public Hearing Item 401: 10/1124 Budgeted Beginning Fund Balance $5,408,387 $962,590 $6,370,977 FY 2025 Budgeted Appropriation TO (FROM) Fund Balance ($410,000) 9/30/25 Budgeted Ending Fund Balance $4,998,387 Amendments to be approved tonight to Original FY 2024-2025 Budget (as approved on 09/23/24): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/24 Year -End Financials $962,590 Align Service Availability revenue budget with YTD actuals $100,000 Revisions to Original Budgeted Appropriation TO (FROM) Fund Equity $1,062,590 REVISED 9/30/24 Budgeted Ending Fund Balance $6,060,977 FY 24 Mid -Year Budget Amendment Attachment 1