Fort Walton Beach Resolution — 06-24 - Year End Budget Amendment — reading text

RESOLUTION NO. 2006-24 A RESOLUTION AMENDING THE BUDGET FOR THE CITY OF FORT WALTON BEACH, FOR THE FISCAL YEAR OCTOBER 1, 2005 THROUGH FLORIDA, SEPTEMBER MAKING CERTAIN AMENDMENTS TO DESIGNATED 30, 2006 APPROPRIATIONS OF FUNDS OF THE CITY, APPROPRIATIONS INCREASING THE GENERAL FUND BUDGET BY $ 4,614, 023, THE LAW ENFORCEMENT TRUST FUND BUDGET BY $61,720, THE CDBG FUND BUDGET BY $12, 500, THE CAPITAL PROJECTS FUND BUDGET BY $ 268, 820, THE UTILITIES FUND BUDGET BY 1, THE SANITATION FUND BUDGET BY $470, 810, THE GOLF FUND 179,373, BUDGET BY $324, 410; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA,THAT: SECTION 1. This Resolution is in compliance with Sections 5 and 6 of Ordinance 1660, which was MAKING adopted on September 21, 2005, on second reading, entitled AN ORDINANCE APPROPRIATIONS FOR CERTAIN EXPENDITURES, EXPENSES, CAPITAL IMPROVEMENTS AND CERTAIN INDEBTEDNESS OF THE CITI OF FORT WALTON BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 2005, AND ENDING SEPTE:MBER 30, 2006, AND PROVIDING AN EFFECTIVE DATE. SECTION 2. a. The City' s pension costs increased $ 166, 000 as a result of the early out retirement option for generaland police pension plans, as approvedby Council on June 14, 2005 and June 30, 2005, and an actuarial estimate for the general plan increasing due the poor investment performance of the past few years. b. The City received $ 8, 850 in funds to cover the costs of plans review for Bayview Condominium construction. c. totaling $ 56,093 comprised of increased workers The City incurred disaster related costs 6,401 to the t- compensation costs of $44,864, Hurricane Katrina related repair costs of $ dock at Liza Jackson Park and the City Hall chiller and Hurricane Dennis related costs incurred for mutual aid assistance of $4,828. d. The City experienced an increase in utility costs of $106, 000 associated with the cost to produce electricity which is associated with the rise in petroleum costs during the year. e. The City experienced an increase in fuel and oil costs of $60, 000 with the rise in petroleum costs during the year. f. The City is participating in the Fit Force program sponsored by the Florida League of Cities, 1, 000 this fiscal year that approved by Council on August 22, 2006 and will be rewarded $ must be used to enhance or otherwise support our local Fit Force program. g. The City purchased $ 5, 892 more for vests than originally budgeted due to replacement of vests made of which have been found to be defective, and received grant revenue of zylon, 2,946 with a City match of $2, 946 as part of the ongoing Federal allocation of matching funds. 7, 190 for use in law h. The City received a donation of specialized equipment valued at $ enforcement. 1. The City is entitled to a portion of a County-wide grant agreement for reimbursement of the costs for firefighter training and is receiving grant revenue anticipated to be $ 27, 873 with a  the amount allowable City contribution of $4,563 to cover the portion of training exceeding in the agreement, totaling $32, 980 as the required amendment. J. The City Hall Athletic Complex requires $ 32, 980 additional funds with a portion approved balance and $ 8, 307 from of by Council on June 13, 2006 for $24,674 to be taken from fund the original project budget of $227,200 was not carried over into 2005- 2006. of k. The City received a grant award, approved by Council on February 28, 2006, for purchase 502 in supplies to hold a multi-lingual children' s day program. 1. The City received passport revenue of $14, 846 in excess of the original revenue budgeted this year for the Library and Museum allowing additional expenditures for the divisions providing the service to the community. m. The City received a grant award, approved by Council on January 11, 2005, to provide for watershed protection in various waterways. The grant was overspent by $ 9, 286, of which Council approved $ 8,000 for payment to Mr. and Mrs. De Shon for fence material and installation on October 11, 2005. n. Council approved the purchase of the softball/ fairgrounds complex on May 10, 2005 with a total impact to the City of $4,012,948. Financing through the Florida League of Cities Municipal Bond Programfor $ 2,100, 000 was by Council August 23, 2005. The approved debt funds were recognized as revenue and dosed into fund balance in 2004-2005 fiscal year end. Council approved in the FY 2004-2005 budget amendment an appropriation from fund balance of $2,000,000. The actual purchase did not occur until October 20, 2005 Therefore, resulting in the expense to the City not occurring until the 2005- 2006 fiscal year. fund balance of $4,012, 948 is required this year for the purchase of the undesignated property. o. Council approved on April 11, 2006, for the General Fund to forgive advances to the Golf Fund of $100,000. THERE IS HEREBY APPROPRIATED $32, 319 & om grant revenues, $ 166, 000 &om 190 &om donated designated fund balance for retirement, $14,846 &om passport revenue, $7, revenue, $ 56, 093 appropriated &om designated fund balance for disasters, $ 8, 850 from plan review revenue, and $ 4,328, 725 om undesignated fund balance, increasing the appropriated & om $ 4,614, 023 & original Budget amount by $ 17, 614,565 to $ 22,228, 588. SECTION 3. a. The Law Enforcement Trust Fund ( 102) incurred $ 12,497 in disallowed COPS grant 9, 2006. expenses approved by Council on May b. The Law Enforcement Trust Fund ( 102) incurred $ 9,600 in additional costs that exceeded the estimates for advice and services regarding law enforcement legal original budget forfeitures. c. The Law Enforcement Trust Fund ( 102) purchased with court ordered forfeiture funds a 2005 Ford Truck for $ 16, 103 as approved by Council Executive Session on January 10, 2006. d. The Law Enforcement Trust Fund ( 102) incurred $ 19, 720 to replace radio equipment that is failure of the existing device which is no longer serviceable prevent catastrophic required to as aresult of Motorola ceasing the manufacture of parts and service accessories. e. The Law Enforcement Trust Fund ( 102) is in receipt of donated equipment valued at $ 3, 800. THERE IS HEREBY APPROPRIATED $15, 000 & om 3,800 court ordered forfeiture funds, $ om the undesignated fund balance, from donation revenue and $42, 920 appropriated & the amount om $ 47, 287 to $109, 007. 61, 720 &by $ increasing original Budget Page 2 SECTION 4. The CDBG Fund is in receipt of $ 12, 500 in additional funding received from Okaloosa County Local Housing Assistance. THERE IS HEREBY APPROPRIATED $ 12,500 from grant revenues, increasing the amount by $12, 500 from $210,298 to $222,798. original Budget SECTION 5. a The Capital Project Fund incurred additional costs of $215,771 approved by Council on February14, 2006 for the City Hall HVAC Improvements. b The Capital Project Fund needs torecognize a total of $53, 049 for the Sound Property derived from $49, 049 originally budgeted in the General Fund in the Capital Projects fund, of which $ 47, 450 is funded from deferred revenue and $ 1599 from fund balance. needs to be recognized. Additionally, a $ 4,000 donation for the Sound Project also THERE IS HEREBY APPROPRIATED $4,000 &om donated revenue, $47, 450 from deferred revenue and $ 217,370 & om unrestricted fund balance, increasing the original Budget amount 268, 820 by $ from $ 27, 100 to $295, 920. SECTION 6. for a. The Utilities Fund pension costs increased $ 37, 500 due to the early out retirement option 14, 2005 and actuarial estimate for the the general plan as approved by Council on June an of the past few years. general plan increasing due the poor investment performance The Utilities Fund has an increase in costs of $64,700 associated with the utility b. experienced in petroleum costs during the cost to produce electricity which is associated with the rise year. the rise c. The Utilities Fund has experienced an increase in fuel and oil costs of $23, 000 with in petroleum costs during the year. d. The Utility Fund requires a $ 1,113 amendment due to the City receiving a