Item 7Bs^
ATTACHMENT 7B
OCTOBER 25, 2004
CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT .
AGENDA ITEM: ORDINANCE N0.20-04-68 AMENDING THE OPERATING
BUDGET FOR THE CITY OF ATLANTIC BEACH,
FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1,
2003 AND ENDING SEPTEMBER 30, 2004.
SUBMITTED BY: Nelson Van Liere
Finance Director
DATE: October 18, 2004
BACKGROUND: At the close of each fiscal year, the city will make minor
adjustments to budgetary accounts to fund small variances. The
ordinance proposed accomplishes the following:
Police Pension Fund- Revenue budget is increased to account for
the $25,190 of Casualty Insurance Premium funds received in
excess of budget. The expenditure budget is being increased to
fund the final professional services expenditures of the yeaz related
to investment management fees, actuarial and legal fees.
1996 Utility Revenue Bond Construction Fund -This budget is
~,,,,, being increased to allow the City to charge capital expenditures
that were originally budgeted in the Water and Sewer Utility funds
to the Bond Construction Fund so that we may close the fund
~„ before year-end. This was already anticipated in the prepazation of
the fiscal year OS Operating Budget.
Debt Service Fund -The budget is being increased by $6 for
higher than expected interest expense.
Half Cent Sales Tax Fund -This budget modification transfers
the $5,000 previously received into this fund from a donation for
the Skateboazd Park to the Convention Development Tax Fund
where the project has now been budgeted.
Byrne Grant Fund -The budget is being modified to allow the
~* transfer of excess matching funds to be returned to the General
fund.
Local Law Enforcement Block Grant Fund - To create a budget
for interest earned.
ATTACHMENT 7B
OCTOBER 25, 2004
Sanitation Fund - To increase the contract services budget for the
pick-up and hauling of waste that is in excess of the budgeted
estimate.
General Fund - To create a budget for the return of the Byrne
Grant matching funds not needed.
BUDGET: Miscellaneous adjustments to the fiscal year 2004 Operating
Budget
RECOMMENDATION: Approve Ordinance No. 20-04-68
ATTACHMENTS: Ordinance No. 20-04-68
REVIEWED BY CITY MANAGER:
~*
~•
ORDINANCE NO. 20-04-~68
ATTACHMENT 7B
OCTOBER 25, 2004
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY
~• OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING
OCTOBER 1, 2003 AND ENDING SEPTEMBER 30, 2004.
~ 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, it is necessary for the City to make final modifications to the budget within
a short period of time after fiscal year end to adjust for small variances arising in the final period
of the year.
~•
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 2003/2004 Final Budget be amended as follows:
_ Police Pension Fund
Revenues:
,~„ Casualty Insurance Premium Tax 185 $25,190
Expenses:
Operating Expenses
~„ Professional Services $20,000
Change in Fund Balance: $5,190
1996 Utility Revenue Bond Construction Fund
~. Expenses:
Capital Outlay:
Infrastructure Improvements $242,430
Change in Fund Balance: <$242,430>
~+•
Debt Service Fund
Ezpenses: '
~* Debt Service -Interest Expense $6
Change in Fund Balance: <$6>
Half-Cent Sales Tax Fund
"' Ezpenses:
Transfer to Convention development Tax Fund $5,000
Change in Fund Balance: <$5,000>
ATTACHMENT 7B
OCTOBER 25, 2004
Convention Development Tax Fund
Revenues:
Transfer from Half-Cent Sales Tax Fund $5,000
Change in Fund Balance: $5,000
Police Grant Fund-Byrne Grant
Expenses:
Transfer to General Fund $103
Change in Fund Balance: <$103>
~, Police Grant Fund-Local Law Enforcement Block Grant
Revenue:
Interest Earned $108
Change in Fund Balance: $108
Sanitation Fund
Expenses:
Operating Expenses -Contract Hauling $30,000
Change in Fund Balance: <$30,000>
General Fund
Revenues:
Transfer from Police Grant Fund -Byrne Grant $103
Change in Fund Balance: $103
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this day of October 2004.
Passed by the City Commission on second and final reading this day of November 2004
~.
John S. Meserve
Mayor /Presiding Officer
Approved as to form and correctness: ATTEST:
Alan C. Jensen, Esquire
City Attorney
Donna Bussey
City Clerk