Item 7B vAGENDA ITEM # 7g
NOVEMBER ]3, 2006
CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
AGENDA ITEM: ORDINANCE N0.20-06-82 AMENDING THE OPERATING
BUDGET FOR THE CITY OF ATLANTIC BEACH,
FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1,
2006 AND ENDING SEPTEMBER 30, 2007.
SUBMITTED BY: Nelson Van Liere
Finance Director
DATE: October 27, 2006
BACKGROUND: Two items represented by the attached budget ordinance are both
related to fiscal yeaz 2006 appropriations.
~" 1.) An additional $15,000 for the West Plaza Bike Path is being
added to the budget because those funds were not encumbered for
that project before September 30, 2006 as expected. When funds
"' are not encumbered to a specific vendor in a specific amount, the
related funds lapse at yeaz end and must be re-budgeted for the
new year. This is the recommendation of the Public Works
~' Director as approved by the City Commission on October 23,
2006.
2.) The $45,000 for public art was not spent, or encumbered by
September 30, 2006 and it was not re-budgeted as intended in the
2007 budget. This ordinance will add this item to the budget as the
City Commission requested in the budget workshops.
BUDGET: The total impact on the City's budget for this amendment is a
$60,000 reduction to fund balance. This reduction was considered
in the budget process for fiscal year 2007 by showing the
reductions in fiscal yeaz 2006. This represents a re-budget of those
unspent funds.
RECOMMENDATION: Approve Ordinance No. 20-06-82
ATTACHMENTS: Ordinance No. 20-06-82
REVIEWED BY CITY MANAGER:
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE
'~" CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2006 AND ENDING SEPTEMBER 30, 2007.
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, funds for two items in the fiscal year 2006 budget were not spent or
encumbered by September 30, 2006. This ordinance will re-budget those items so that they may
be spent as originally intended in fiscal year 2007.
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 2006/2007 Final Budget be amended as follows:
Half Cent Sales Tag Fund
Ezpenses:
Public Works -
~,. Capital Improvements West Plaza Bike Path $15,000
Change in Fund Balance <$15,000>
Convention Development Tax Fund
Ezpenses:
General Government -
Capital Improvements Beautification /Public Art $45,000
Change in Fund Balance <$45,000>
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this day of November, 2006.
AGENDA ITEM # 76
NOVEMBER 13, 2006
ORDINANCE NO. 20-06-82
WHEREAS, the nature of budgetary systems and those day to day decisions affecting
such budgetary systems require adjustments from time to time, and
Passed by the City Commission on second and final reading this day of November,
2006.
~..
Donald M. Wolfson
Mayor /Presiding Officer
Approved as to form and correctness:
ATTEST:
Alan C. Jensen, Esquire
City Attorney
Donna Bussey
City Clerk