Exh 6B_. -
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CITY OF ATLANTIC BEACH -~ ~-
CITY COMMISSION
STAFF REPORT
AGENDA ITEM: Budget Resolution No. 99-24
DATE: August 19, 1999
SUBMITTED BY: David E. Thompson, City Manager
BACKGROUND: The attached memorandum dated August 13, 1999 provides
explanations for the proposed budget adjustments. Most of these
-- items have been discussed in the past, or the attached explanations
appear to cover the reasons for the adjustments.
~ RECOMMENDATION: :Staff recommends the approval of Budget Resolution No. 99-24.
r
ATTACHMENT: ~ August 13, 1999 Memorandum from Finance Director Nelson Van
Liere
Resolution No. 99-24
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REVIEWED BY CITY MANAGER: .~•! ._.. ~~
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" AGENDA ITEM NUMBER:
CITY OF
~~i.°cuztlc ~'eac! - j~~vuda
800 SEAtINOLE ROAD
ATLANTIC BEACH, FLORIDA 32233-5445
TELEPHONE (904J 247-5300
FAX (904) 247-5805
SUNCO:~S 852-5800
MEMORANnUM
Date: August 13, 1999
To: David Thompson, City Manager
From: Nelson Van Liere, Finance Directf
Subject: Resolution No. 99-24 amending the operating budget.
Please find attached Resolution 99-24 amending the Fiscal Year 1998/99 Operating Budget. These
adjustments are for the following:
1.) To increase the City's contribution to the pension fund because the contribution from the state
was less than anticipated. This adjustment will also true up the contributions to the amount
specified by the City's ~ension actuary.
2.) To provide funding for the two air conditioner heat pumps approved at the August 9~' City
Commission meeting.
3.) Adjust the First Night revenue budget for funds already received.
4.) To adjust the Utility Bond Construction Fund for additional interest earnings and to adjust both
the Utility Bond Construction Fund and the Sewer Utility Fund for capital expenses that will not
be encumbered this year. These funds are a part of the Proposed Operating Budget for next year.
Tf you need any additional information, please call.
FIRST NIGHT FUND
Revenues:
Special Event Receipts 63000003474100 $10,000
Description:
Increase in estimate of Special Events Receipts based on funds already collected.
UTILITY BOND CONSTRUCTION FUND
Revenues:
Interest Earnings -earnings on bond proceeds 48000003611002 $150,000
Expenses:
Capital Outlay -Core City Project Improvements 48000005336300 -$5,398,209
Description:
To adjust the revenues for interest earned that is exceeding the original estimates due to a larger
than expected cash balance remaining in the fund. The expense budget is being adjusted to allow
for re-budgeting of these unspent funds in the Fiscal Year 2000 Proposed Budget.
SEWER UTILITY FUND
Expenses:
AfIantic Beach Division
Capital Outlay -Sewer Line Improvements 41041015356300 -$414,114
Buccaneer Division
Capital Outlay, Sewer Line Improvements 41044015356300 -$30,000
i
Description: '
Design work for the budgeted Atlantic Beach and Buccaneer Sewer Improvements will not be
completed in time to encumber the funds for these projects during the current fiscal year. These
funds have been re-budgeted in the proposed FY-2000 budget. These projects include
improvements to the Park Street Lift Station, Fairways Villas Lift Station, Shangri La Lift
Station abandonment and related line work, the Master Lift Station and Lift Station "C" force
main.
Adopted by the City Commission this 23`d day of August, 1999.
Suzanne Shaughnessy
Mayor /Presiding Officer
Approved as to form and correctness:
ATTEST:
Alan C. Jensen, Esquire
City Attorney Maureen King, CMC
City Clerk
RESOLUTION NO.~ 99 - 24
A RESOLUTION AMENDING THE OPERATING BUDGET FOR THE CITY OF
ATLANTIC BEACH, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1,1998 AND ENDING SEPTENII3ER 30,1999,
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 TT RESOLVED by the City Commission of the City of Atlantic
Beach, that the following Budget Modification be approved for the 1998-1999 Operating Budget.
GENERAL FUND
Expenses:
Police Department
Administration -Pension 00120015212203 $1,046
Patrol -Pension 00120025212203 $4,555
Detective -Pension 00120035212203 $554
. Description: ,
To increase the City's gontribution to the employees retirement plan to meet the total
contribution requirement as calculated by the pension actuary for this fiscal year. This
adjustment is necessary due to the City receiving less than anticipated funds for Casualty
Insurance Premium Tax from the state.
Fire Department
Fire Control
Operating -Supplies/fuel 00130025225200,01 -$16,591
Non-Departmental
Operating -Maintenance 00110095194600 $16,591
Description:
To move unspent funds from the Fire Department to the General Government Non-Departmental
Budget for the replacement of two air conditioner heat pumps at City Hall as awarded by the City
Commission on August 9~', 1999 pursuant to the bid specifications of Bid No. 9899-30.
POLICE PENSION FUND
Revenues:
Employer contributions 60100003681000 $6,155
Casualty Insurance Premium Tax 185 60100003125200 -$4,452
Description:
To increase the City's contribution to the employees retirement plan to meet the total
contribution requirement as calculated by the pension actuary for this fiscal year and reduce the
amount budgeted for Casualty Insurance Premium Tax to the amount actually received by the
City.