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Item 7CAGENDA ITEM # 7C JULY 14, 2008 CITY OF ATLANTIC BEACH CITY COMMISSION MEETING STAFF REPORT AGENDA ITEM: ORDINANCE NO. 20-08-90 AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008. SUBMITTED BY: Nelson Van Liere, Finance Director DATE: June 30, 2008 BACKGROUND: The Public Works Director is requesting funding to be used for repairs to City facilities due to damages caused by the recent renovation and construction work at the One Ocean hotel. Approximately $24,800 is needed for milling and resurfacing of Ahern Street from Ocean Avenue to the lifeguard station; restoration of the handicap parking spaces; repair of damaged sidewalk along East Coast Drive bordering the off site parking area rented by One Ocean for use by construction crews; and, other minor repairs. Another $10,000 is needed to pay for sidewalk and driveway concrete repairs; irrigation system restoration; and, landscaping replacement. An estimated $3,500 will be used to replace the damaged water meter vault at Beach and Ahern. The Public Works Director anticipates reimbursement for these expenditures. The City would also like to reassign $25,000 from the original budget that was designated for improvements to the Buckman Trust property. These funds are no longer needed for the purpose intended, as the land purchase did not occur. These reassigned funds, plus an additional $3,307 from unreserved fund balance, is requested to complete the project. BUDGET: The total net impact on the budget for this ordinance is a reduction of $3,307. RECOMMENDATION: Approve Ordinance No. 20-08-90 ATTACHMENTS: Ordinance No. 20-08-90 REVIEWED BY CITY MANAGER: AGENDA ITEM # 7C JULY 14, 2008 ORDINANCE NO. 20-08-90 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008. 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, and WHEREAS, the City's Public Works Director requests funding to repair City facilities damaged during construction at the One Ocean hotel and an offsetting budget adjustment to revenues for reimbursement of said damages, and WHEREAS, the City has reviewed the additional funding needs of the Public Arts statue project and determined that a portion of the funds not used for the Buckman Trust property improvements and unreserved fund balance could be used to continue the Public Arts project as planned. NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that; 1. The Fiscal Year 2007/2008 Final Budget be amended as follows: GENERAL FUND Revenues: Reimbursement -Damaged Property $34,800 Expenses: Operating Expenses: Public Works -Road & Street Division Other Current Charges $24,800 Parks & Recreation -Maintenance Other Current Charges 10,000 Change in Fund Balance $0 WATER FUND Revenues: Reimbursement -Damaged Property $ 3,500 Expenses: Operating Expenses: Public Utilities -Distribution Other Current Charges $ 3,500 Change in Fund Balance $0 AGENDA ITEM # 7C JULY 14, 2008 HALF CENT SALES TAX FUND Expenses: Capital Expenses: Parks & Recreation -Park Improvements Improvements -Buckman Trust Property Improvements -Statue -Turtle Change in Fund Balance 2. This ordinance shall take effect immediately upon its adoption. <$25,000> $28,307 <$ 3,307> Passed by the City Commission on first reading this day of , 2008. Passed by the City Commission on second and final reading this day of , 2008. John S. Meserve Mayor /Presiding Officer Approved as to form and correctness: Alan C. Jensen, Esquire City Attorney ATTEST: Donna L. Bartle, CMC City Clerk