HomeMy WebLinkAbout1997 03 24 Regular Item H
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COMMISSION AGENDA
ADD ON
REGULAR xx
CONSENT
INFORMATIONAL
ITEM H
March 24,1997
Meeting
MGR. ~ /DEPT.
Authorization
REQUEST: The City Manager requests the City Commission to consider approval of second
reading of Ordinance No. 640 to amend the FY 97 Budget.
PURPOSE: The purpose of this Agenda Item is to have the Commission amend the FY 97
Budget to update Fund Balances as 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.
CONSIDERATIONS:
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 and Small Capital Improvements from cash rather than short term
loans.
FUNDING:
Funding for the Amended Budget was detailed in the Amended Budget as
submitted to you March 10, 1997.
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IMPLEMENTATION SCHEDULE:
The Amended Budget will become effective upon the approval of the Second
Reading of Ordinance No. 640.
ATTACHMENTS:
Budget Ordinance
Supplement to the Amended Budget detailing changes
COMMISSION ACTION:
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MEMORANDUM
To:
Mayor
City Commission
From:
Ron McLemore, City Manager
Date:
March 18, 1997
Re:
Revisions to Amended Budget FY 97
GENERAL FUND:
Upon review of the Amended Budget it was determined that we included the cost of the
Telecommunications equipment twice. We are removing from General Services linecode
54610 the amount of $40,000, removing from the Police Department linecode 56410 the
amount of $60,000. This total of $100,000 was included in the allocation from
Information Services Department. This reduces the amount required to be appropriated
from Fund Balance, thereby increasing the projected Fund Balance for the General Fund
at September 30, 1997.
The $5,000 for computers for the City Commission will not be allocated until such time
that the Commission approves the purchase.
We have not revised the $50,000 for Building Renovations as included in the Amended
Budget. If additional funds are required after completion of our studies we will come
back to the Commission with another Budget Revision.
WATER & SEWER UTILITY:
The Amended Budget included $25,000 for the Utility share ofthe Telecommunications
system and was also allocated charges from Information Services. We also are amending
the Sewer Revenues $461,239 to more accurately reflect projections based upon history.
The combination of the reduction in Budgeted Expenditures and the reduction in
Budgeted Revenues reduces the Appropriation to Fund Balance, as previously projected
from $1,378,567 to $943,048.