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HomeMy WebLinkAboutResolution 2026-07 Amending the 2025-2026 Fiscal Year BudgetRESOLUTION 2026-07 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS FLORIDA, AMENDING THE FISCAL YEAR 2025-2026 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 2025-2026 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 All prior resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict.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 13th day of April, 2026. ATTEST: inters, A KEVIN McCANN, Mayor U c e, a n 1 95q 0 City of Winter Springs 0 C. CO U T) 0 Resolution 2026-07 Pagel 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 City of Winter Springs Resolution 2026-07 Page 2 of 2 Attachment 1 - Budget Amendment Detail Resolution2026-07 Other Governmental Funds Difference in Beg HELPFUL TOOLS: Fiscal Year 2025-2026 Original Budget as approved by City Commission on 9/22/25 Public Hearing 401. Fund Ban Projected Actual Beg Fund Balance to Actual Police Education Fund #101 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/I/25 Budgeted Beginning Fund Balance "$52,596 $11,062 $63,658 FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance ($6,085) 9/30/26 Budgeted Ending Fund Balance $46,511 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/3OPS Year -End Financials $11.062 Increase in Traffic Revenue $40,000 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $51,062 REVISED 9/30/26 Budgeted Ending Fund Balance $97,573 MENIM Special Law Enforcement Fund - Local #102 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance $29,621 '$13,339-''$42,960 FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance ($8700) 9/30/26 Budgeted Ending Fund Balance $20,921 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/3012S Year -End Financials $13,339 Increase in small tools missing in 26 budget ($7,500) Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $5,839 REVISED 9/30/26 Budgeted Ending Fund Balance $26,760 Special Law Enforcement Fund - Federal #103 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance $22,096 $16,559 $38,655 FY 2026 Budgeted Appropriation TO (FROM) Fund Balance ($6,400) 9/30/26 Budgeted Ending Fund Balance $15,696 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/25 Year -End Financials $16,559 Increase in Treasury Revenue $30,000 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $46,559 REVISED 9/30/26 Budgeted Ending Fund Balance $62,255 Transportation Improvement Fund #120 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance $3,514,754 $1,417,396 $4,932,150 FY 2026 Budgeted Appropriation TO (FROM) Fund Balance ($1,860,180) 9/30/26 Budgeted Ending Fund Balance $1,654,574 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/25 Year -End Financials $1,417,396 Increase in Grant Revenue, Timing of Reimbursement (Turn Lane) $200,000 Rollover PO for Paving Management Plan Item 301 approved 09.08.25 ($153,000) Adjust Committed Fund Balance for Emergency Situations Ex. Hurricane Recovery (Commits $S00K) ($950,000) Release Committed Fund Balance to Assigned for Resurfacing and Transportation Related Projects $950,000 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $1,464,396 REVISED 9/30/26 Budgeted Ending Fund Balance $3,118,970 FY 26 Mid -Year Budget Amendment Attachment Attachment 1 - Budget Amendment Detail Resolution 2026-07 Other Governmental Funds HELPFUL TOOLS: Fiscal Year 2025-2026 Original Budget as approved by City Commission on 9/22/25 Public Hearing 401. Infrastructure Surtax (Prev Road Improvement) Fund #121 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10AI25 Budgeted Beginning Fund Balance FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance 9/30/26 Budgeted Ending Fund Balance Difference in Beg Actual Beg Fund Fund Bal Projected Balance to Actual `$9,157,551 ` ''$3,147,269 '' `$12,304,820 ($2,949,000) $6,208,551 Amendments to be approved tonight to Original FY 2025.2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/25 Year -End Financials $3,147,269 Move Tuskawilla Crossings Stormwater Pond Repair to FY27 Move Wetlands Park Project to FY27 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance REVISED 9/30/26 Budgeted Ending Fund Balance Park Impact Fee Fund #153 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance 9/30/26 Budgeted Ending Fund Balance $2,500,000 $700,000 $6,347,269 $12,555,820 $192,721 $688,000 $880,721 ($180,000) $12,721 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30PS Year -End Financials $688,000 Move Trotwood Lacrosse Wall to FY27 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance REVISED 9/30/26 Budgeted Ending Fund Balance Tuscawilla III Assessment Area Fund #162 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance 9/30/26 Budgeted Ending Fund Balance $100,000 $788,000 $800,721 Fund Balance 9/30/25 $1,461 Internal Loan ($29.807) $6,100 ($6,639) $1,461 ($1,648) $6,452 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/25 Year -End Financials ($6,639) Increase in Infra Grounds Signs/Walls for Wall Repair Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance REVISED 9/30/26 Budgeted Ending Fund Balance 'Due to the distinctive accounting treatment associated with this internal loan, neither proceeds nor principal reductions are booked in the fund, therefore, in the ACFR fund balance a deficit is reflected (see reconciliation Sewer Plant Replacement (ARPA/SRFL) Fund #180 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance 9/30/26 Budgeted Ending Fund Balance ($16,250) ($22,889) (16,437) $1,742,853 $158,069 $1,900,922 ($983,000) $759,853 Amendments to be approved tonight to Original FY 2025-2026 Budget (as approved on 09/22/25): Difference in Beginning Fund Balance FROM projected to actual as shown in 9/30/25 Year -End Financials $158,069 Increase CIP Budget, Approved 09.23.24Item 500 (Rollover POI for Lift Station 7W Construction (S12.6SO) Increase Recognition of ARPA Revenue from Deferred Revenue as Spent $512,650 Increase CIP Budget, Approved 12.11.23 Item 500 Budget (Rollover PO) for Waste Water Treatment Plant Design ($224,724) Increase Recognition of ARPA Revenue from Deferred Revenue as Spent $224,724 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $158,069 REVISED 9/30/26 Budgeted Ending Fund Balance $917,922 FY 26 Mid -Year Budget Amendment Attachment 1