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Item 7BAGENDA ITEM # 7B MARCH 22, 2010 CITY OF ATLANTIC BEACH CITY COMMISSION MEETING STAFF REPORT AGENDA ITEM: AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010. SUBMITTED BY: Nelson Van Liere, Finance Director DATE: January 14, 2010 BACKGROUND: Please reference the staff report on Local Mitigation Strategy Grant Acceptance for the Salt Air Gravity Sewer Rehabilitation Project also included in the agenda for this meeting. BUDGET: The Public Utility budget included $100,000 for rehabilitation of sewer lines. The grant will supplement this budget with an additional $282,000 and the Public Utilities will redirect funds from the Mimosa Cove Lift Station project in the amount of $18,000, bringing the total amount of the project budget to $400,000. RECOMMENDATION: ATTACHMENT: Adopt Ordinance 20-10-102 Ordinance 20-10-102 REVIEWED BY CITY MANS AGENDA TTEM # 7B MARCH 22, 2010 ORDINANCE N0.20-10-102 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010. 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 approved acceptance of a Local Mitigation Strategy Grant for the Salt Air Gravity Sewer Rehabilitation Project in the amount of $282,000, and WHEREAS, the 2010 adopted budget did not include grant proceeds as a funding source for this project, and WHEREAS, the City will also need to match the grant with $118,000; $100,000 of which was budgeted for the project. The additional $18,000 needed to complete the match will come from other projects within the existing budget. 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 2009/2010 Budget be amended as follows: PUBLIC UTILITY SEWER FUND Revenues: Grant Proceeds $282,000 Expenses: Distribution and Collection -Capital Improvements $282,000 Fund Balance: $0 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this day of March, 2010. Passed by the City Commission on second and final reading this day of April, 2010. Mike Borno Mayor /Presiding Officer Approved as to form and correctness: ATTEST: Alan C. Jensen, Esquire City Attorney Donna L. Bartle, CMC City Clerk