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Home My WebLink About2026 04 13 Regular 502 - Approval of Resolution 2026-07: FY 2025-2026 Budget AmendmentREGULAR AGENDA ITEM 502 CITY COMMISSION AGENDA | APRIL 13, 2026 REGULAR MEETING TITLE Approval of Resolution 2026-07: FY 2025-2026 Budget Amendment SUMMARY The City Manager is requesting that the City Commission consider approval of Resolution 2025-06 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 therein. The agenda item is needed to amend the budget for those funds which vary from the originally adopted budget. The amendment represents activity through March 31st, 2026. Final budget amendment is anticipated in November. The majority of the amendments are necessary for one of the following reasons: rollover of POs from unspent appropriations in the prior fiscal year. accrual of revenues and expenses in the appropriate fiscal year. variations between budgeted (estimated) and actual revenues and expenditures. unanticipated agenda items with a fiscal/budget impact. Part of the normal course of operations during the year is the accrual of revenues and expenses. The accruals are necessary for aligning revenues and expenses with the fiscal period to which they are earned or incurred, respectively. In many areas, it is typical for some variances between budgeted figures and actual results. Furthermore, over the course of a fiscal year, various agenda items approved by Commission may lack specific language to amend the expenditure budget or the appropriation to/from fund balance. This resolution formalizes the fiscal impact of those actions. Shown in Attachment 1 of the Resolution are the budgeted ending fund balances for all funds requiring an amendment for the 2025-2026 fiscal year. Please note these are budgeted figures only. Audited financial statements which depict the official year-end balances will be available upon the conclusion of the FY 2025-2026 annual audit, which is scheduled to be presented in March of 2027. FUNDING SOURCE RECOMMENDATION Staff recommends the City Commission approve Resolution 2026-07 amending the FY 2025-2026 budget. 118 City of Winter Springs Resolution 2026-07 Page 1 of 2 RESOLUTION 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: __________________________________________ KEVIN McCANN, Mayor 119 City of Winter Springs Resolution 2026-07 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 120 Attachment 1 - Budget Amendment Detail Resolution 2026-07 Other Governmental Funds Difference in Beg Fund Bal Projected to Actual Actual Beg Fund Balance Police Education Fund #101 As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 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 9/30/25 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 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 ($8,700) 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 9/30/25 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 $500K)($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 HELPFUL TOOLS: Fiscal Year 2025-2026 Original Budget as approved by City Commission on 9/22/25 Public Hearing 401. FY 26 Mid-Year Budget Amendment Attachment 1 121 Attachment 1 - Budget Amendment Detail Resolution 2026-07 Other Governmental Funds Difference in Beg Fund Bal Projected to Actual Actual Beg Fund BalanceHELPFUL 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: 10/1/25 Budgeted Beginning Fund Balance $9,157,551 $3,147,269 $12,304,820 FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance ($2,949,000) 9/30/26 Budgeted Ending Fund Balance $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 $2,500,000 Move Wetlands Park Project to FY27 $700,000 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $6,347,269 REVISED 9/30/26 Budgeted Ending Fund Balance $12,555,820 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 $192,721 $688,000 $880,721 FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance ($180,000) 9/30/26 Budgeted Ending Fund Balance $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 9/30/25 Year-End Financials $688,000 Move Trotwood Lacrosse Wall to FY27 $100,000 Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance $788,000 REVISED 9/30/26 Budgeted Ending Fund Balance $800,721 Tuscawilla III Assessment Area Fund #162 Fund Balance 9/30/25 $1,461 Internal Loan ($29,807) As approved by City Commission on 9/22/25. Public Hearing Item 401: 10/1/25 Budgeted Beginning Fund Balance $8,100 ($6,639)$1,461 FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance ($1,648) 9/30/26 Budgeted Ending Fund Balance $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 ($16,250) Revisions to Original Budgeted Appropriation TO (FROM) Fund Balance ($22,889) REVISED 9/30/26 Budgeted Ending Fund Balance (16,437) 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 $1,742,853 $158,069 $1,900,922 FY 2026 Budgeted Appropriation TO (FROM ) Fund Balance ($983,000) 9/30/26 Budgeted Ending Fund Balance $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 09.23.24 Item 500 (Rollover PO) for Lift Station 7W Construction (512,650) 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 *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 FY 26 Mid-Year Budget Amendment Attachment 1 122