HomeMy WebLinkAbout1997 03 10 Regular Item I
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COMMISSION AGENDA
ITEM I
REGULAR X
CONSENT
INFORMATIONAL
March 10. 1997
Meeting
MAR;(~ /DEPT
Authorization
REQUEST: City Manager requesting the City Commission to consider approval of first reading of an ordinance
to amend the FY 97 Budget.
PURPOSE: The pUIpose of this Agenda Item is to have the Commission amend the FY 97 Budget to update fund
balances from new information provided in the FY 96 Audit, approve new funding strategies,
approve new proposed spending, memorialize new spending already approved by the City
Commission, and to memorialize line item transfers approved by the City Manager.
Note: The Amended Budget will be available Friday, March 7, 1997.
CONSIDERA TIONS:
The City Manager advised the Commission that he would be presenting a Revised Budget to the
Commission based upon new information contained in the FY 96 Audit. Special emphasis was
given to the opportunity of paying for Capital Equipment Items and Small Capital Improvements
from cash rather than short term loans.
Finance Director, Harry Martin; Financial Adviser, Jim Lentz and the City Manager have reviewed
the information contained in the FY 96 Audit and are recommending a number of changes in the
FY 97 Budget consistent with that information.
FUNDING:
Funding for the Amended Budget is detailed in the attached Amended Budget which you will
receive Friday, March 7, 1997.
IMPLEMENTATION:
The Amended Budget will become effective upon approval of the Second Reading of the budget
amendment ordinance scheduled for March 24, 1997.
Page 1
ATTACHMENTS:
Budget Ordinance
Prepared FY 97 Amended Budget will be made available Friday, March 7, 1997.
COMMISSION ACTION:
Page 2
.i.
ORDINANCE NO. 640
AN ORDINANCE OF THE CITY OF WINTER SPRINGS,
FLORIDA, AMENDING THE 1996-1997 FISCAL YEAR
BUDGET WIDCH WAS ADOPTED PURSUANT TO
ORDINANCE NO. 624 OF THE CITY; REPEALING
ORDINANCES IN CONFLICT HEREWITH; PROVIDING
FOR SEVERABILITY, CONFLICT, AND EFFECTIVE
DATE.
WHEREAS, the City of Winter Springs, Florida, adopted its annual
Budget pursuant to Ordinance No 624 of the City of Winter Springs, Florida on
September 23, 1996 and,
WHEREAS, the City must amend its Budget to provide for the
appropriation of additional funds and their expenditures; and,
WHEREAS, Article VII, Section 7.06 of the City Charter of the City of
Winter Springs authorizes amendment to the City's Budget after adoption.
NOW, THEREFORE, THE CITY COMMISSION OF THE CITY
OF WINTER SPRINGS, FLORIDA, HEREBY ORDAINS:
SECTION I - That Ordinance No 624 of the Code of Ordinances, City
of Winter Springs, Florida, is hereby amended to read as follows:
Said amendment is attached hereto as Exhibit "A" the amendment affixed
hereto as Exhibit "A" is hereby declared to be adopted as the City of Winter
Springs, Florida, amended Budget for Fiscal Year 1996-1997.
SECTION IT - All ordinances or parts of ordinances in conflict herewith
are hereby repealed.
SECTION In - If any or portion of a section or sub-section of this
Ordinance proves to be invalid, unlawful or unconstitutional, it shall not be held
to invalidate or impair the validity, force or effect of any other section or portion
of a section or sub-section or part of this Ordinance.
SECTION IV - This Ordinance shall take effect upon final passage and
adoption.
Passes and adopted this _ day of
,1995.
CITY OF WINTER SPRINGS
PAUL P. PARTYKA, MAYOR
ATTEST:
CITY CLERK
First Reading
Posted
Second Reading