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99-21 v p • t RESOLUTION NO. 99 - 21 111 A RESOLUTION AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1998 AND ENDING SEPTEMBER 30, 1999, TO REFLECT THE ANTICIPATED COST OF ACQUIRING LOT 305 OF THE SALT AIR SUBDIVISION, PROVIDE FUNDING FOR THE DUTTON ISLAND CULVERT, FUND STREET REPAIRS IN SECTION H,FUND FINAL COSTS OF LEVY ROAD, REDUCE THE GAS TAX BUDGET FOR STREET RESURFACING AND TO REDUCE THE STORM WATER UTILITY BUDGET FOR THE VACUUM TRUCK WHICH WILL NOT BE PURCHASED THIS YEAR,TO UPGRADE WATER LINES ON OCEAN BLVD.,BEACH AVE.AND CLUB DRIVE. WHEREAS,the City Charter of the City of Atlantic Beach requires that the City Commission approve all budgetary increases and transfers at the fund level, and WHEREAS,the nature of budgetary systems and those day to day decisions affecting such budgetary systems require adjustments from time to time. NOW,THEREFORE,BE IT RESOLVED by the City Commission of the City of Atlantic Beach,that the following Budget Modification be approved for the 1998-1999 Operating Budget. III GENERAL FUND Expenses: Non-Departmental Capital Outlay Land-Lot 305, Salt Air Subdivision 00110095196100 $48,000 Transfer to Governmental Capital Projects 00110095199103 $138,382 Description: To appropriate funds for the purchase of Lot 305 in the Salt Air Subdivision for the purpose of expanding Howell Park. Funding for closing costs are available in the General Fund-Legal Services budget account number 00110045143100. GOVERNMENTAL CAPITAL PROJECT FUND Revenues: Transfer- in from General Fund 30000003811000 $138,382 Expenses: Operating Expenses Contract Services- Section H 30000005413400 $21,000 Capital Outlay Improvements-Dutton Island Culvert 30000005726300 $138,382 IIIImprovements-Levy Road 30000005416300 $4,635 C • , Description: • The contract services are relating to repairs to the road in Section H. Funding is available from restricted cash balances in the Capital Project Fund. Funding for the Dutton Island Culvert comes from designated General Fund reserves. The Levy Road improvement final costs have been allocated. The portion attributable to streets including in-house inspection was more than originally anticipated. These funds are available from restricted cash balances in the Capital Project Fund. STORM WATER UTILITY FUND Expenses: Capital Outlay-Vehicles 47000005386401 <$200,000> Description: The fiscal year 1999 operating budget included$200,000 for a vacuum truck for storm water utility maintenance which will not be purchased this year. These funds are proposed in the fiscal year 2000 budget. WATER UTILITY FUND Expenses: Capital Outlay- Water Line Improvements 40040015336300 $245,678 Description: Water line upgrades to Ocean Blvd.,Beach Ave. and Club Drive from old deteriorating 2"water mains to new 6"water mains for improved fire protection. This is an appropriation of Water Utility III reserve balances. LOCAL OPTION GAS TAX FUND Expenses: Improvements-Road resurfacing 13050025416300 <$210,000> Description: Contracted cost of resurfacing the budgeted streets came in much lower than expected. This reduction of the fiscal year 1999 budget will provide funding for additional street resurfacing to be proposed for fiscal year 2000. Recommendation: To amend the 1998-99 Operating Budget to reflect the anticipated cost of acquiring Lot 305 of the Salt Air Subdivision, provide funding for the Dutton Island Culvert,fund street repairs in Section H, reduce the Local Option Gas Tax budget for street resurfacing and reduce the Storm Water Utility budget for a vacuum truck allowing for funds to be re-budgeted in the proposed fiscal year 2000 operating budget. Adopted by the City Commission this 26s`day of July, 1999. c(jr:/tzgAtActie ‘ , A LExj.„.44.6- Suzanne Shaugh 10 Mayor/Presidin: : icer i • 1 Approved as to form and correctness: • Alan C. ,• sen,Esquire City Attorney ATTEST: Ma een King, CM City Clerk CERTIFICATION 410I certify this to be a true and correct copy of the record in my office. WITNESSETH my hand and official seal of the City of Atlantic Beach, Florida this theay of 19q 1 . City Clerk S