Agenda Item 7AAGENDA ITEM # 7A
SEPTEMBER 26, 2011
ORDINANCE NO. 20-11-111
AN ORDINANCE ADOPTING THE FINAL BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2011 AND ENDING SEPTEMBER 30,
2012.
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, on September 12,
2011, held a public hearing as required by Florida Statute 200.065; and
WHEREAS, the City Commission of the City of Atlantic Beach, Florida, set forth the
appropriations and revenue estimate for the budget for Fiscal Year beginning October 1, 2011
and ending September 30, 2012 in the amount of $29,582,340.
NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF
OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that;
The fiscal Year 2011/2012 budget be adopted, and
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this day of September 2011.
Passed by the City Commission on second and final reading this day of September
2011.
Louis M. Borno
Mayor / Presiding Officer
Approved as to form and correctness:
Alan C. Jensen, Esquire
City Attorney
ATTEST:
Donna L. Bartle
City Clerk
AGENDA ITEM # 7A
SEPTEMBER 26, 2011
City of Atlantic Beach
Combined Summary of Revenues and Expenditures
Summary of all Funds
Actual
Actual
Estimate
Budget
Increase
2008 -2009
2009 -2010
2010 -2011
2011 -2012
(Decrease)
Cash Forward 28,149,952
29,093,219
30,599,832
32,852,178
2,252,346
Revenues
General Fund
10,533,938
10,821,328
11,419,109
10,964,641
(454,468)
Special Revenue Funds
1,360,663
1,731,870
1,991,926
1,644,012
(347,914)
Debt Service Fund
68,676
71,152
68,850
71,300
2,450
Capital Project Fund
331,340
1,085,724
923,430
2,255,737
1,332,307
Enterprise Funds
12,721,991
12,027,437
22,198,728
11,411,549
(10,787,179)
Trust and Agency Funds
2,396,859
2,826,710
2,837,495
3,354,330
516,835
Total Revenues
27,413,467
28,564,221
39,439,538
29,701,569
(9,737,969)
Other Financing Sources
654,605
679,211
0
0
0
Total Resources
56,218,024
58,336,651
70,039,370
62,553,747
(7,485,623)
Expenditures
General Fund
12,848,407
9,721,772
10,577,380
10,913,970
336,590
Special Revenue Funds
1,632,369
2,236,249
2,214,401
1,717,788
(496,613)
Debt Service Fund
71,359
71,560
71,342
70,783
(559)
Capital Project Fund
14,213
29,901
548,360
4,336,328
3,787,968
Enterprise Funds
10,678,703
13,900,595
21,704,457
11,214,929
(10,489,528)
Trust and Agency Funds
980,896
1,066,368
1,347,644
1,328,542
(19,102)
DIVISION TOTALS
26,225,947
27,026,445
36,463,584
29,582,340
(6,881,244)
Other Financing Uses
898,858
710,374
723,608
0
(723,608)
Cash Reserves
29,093,219
30,599,832
32,852,178
32,971,408
119,229
Total Expenses and Cash
56,218,024
58,336,651
70,039,370
62,553,747
(7,485,623)
Resource Allocation
Personal Services
8,974,257
8,946,509
9,196,665
9,807,410
610,745
Operating Expenses
9,529,952
9,039,430
10,129,581
10,209,523
79,942
Capital Outlay
2,261,605
5,141,669
12,908,367
5,609,552
(7,298,815)
Debt Service
1,680,417
1,679,951
1,706,464
2,297,807
591,343
Transfers
3,779,716
2,218,886
2,522,507
1,658,048
(864,459)
Total
26,225,947
27,026,445
36,463,584
29,582,340
(6,881,244)
AGENDA ITEM # 7A
SEPTEMBER 26, 2011
Schedule A
Proposed Changes to Final Budget
Adjusted Proposed Revenues: $29,701,569
Adjusted Proposed Expenses: $29,647,486
Removal of Employee Bonus <65,146>
Revised Budgeted Expenses: 29.582,340