Fort Walton Beach Resolution — 2010-16 - Mid-year Budget Amendment — reading text

RESOLUTION NO. 2010- 16 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, FLORIDA, AMENDING THE FISCAL YEAR OCTOBER 1, 2009 THROUGH SEPTEMBER 30, 2010 BUDGET TO MAKE CERTAIN AMENDMENTS TO APPROPRIATIONS OF CITY FUNDS; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA, THAT: Section 1. Authority Resolution 2009- 40, adopted on September 16, 2009, authorizes amendments to the FY 2009- 10 budget by resolution. Section 2. General Fund Budget Amendment a. The full amount of 4th of July revenues remaining from FY 2008- 09 was not previously carried over, so $ 2, 788 needs to be appropriated for use this year. b. City Council authorized $ 5, 000 for negotiation of the February 2010 medical insurance renewal and $ 20, 000 for issuance of an RFP for the October 2010 medical insurance renewal on October 13, 2009. c. City Council authorized $ 9, 500 for issuance of an RFP for property and casualty insurance renewal on September 22, 2009. d. The City needs to record receipt of a donated computer monitor valued at $ 25. e. The City needs to record receipt of several donated bronze statues and funds for their maintenance valued at $ 64, 165. f. City Council accepted a US Marshals Grant in the amount of $30, 000 for overtime on January 26, 2010. g. City Council accepted a US Marshals Grant in the amount of $11, 000 for vehicle retrofit and fuel on September 8, 2009. Therefore, there is appropriated $ 37,288 from fund balances designated for 4th of July and insurance, $ 64, 190 from donations, and $ 41, 000 from grant revenues, increasing the General Fund budget from $ 18, 610,604 to $ 18, 753, 082. Section 3. Law Enforcement Trust Fund Budget Amendment The City received computer equipment valued at $ 1, 385 as the result of an asset seizure. Therefore, there is appropriated $ 1, 385 from other revenues, increasing the Law Enforcement Trust Fund budget from $ 16, 825 to $ 18, 210. Section 4. CRA Fund Budget Amendment City Council authorized $ 3, 500 for a Soundside market study and $ 1, 750 for a Soundside environmental assessment on November 24, 2009. Therefore, there is appropriated $ 5, 250 from fund balance, increasing. the CRA Fund budget from 1, 819, 249 to $ 1, 824,499.  Section 5. Utilities Fund Bud2et Amendment The City received a wet well valued at $ 41, 000 as a donation. Therefore, there is appropriated $ 41, 000 from donations, increasing the Utilities Fund budget from 8, 674, 190 to $ 8, 715, 190. Section 6. Effective Date This resolution shall take effect immediately upon approval by the City Council and signature by the Mayor. 010/ 0 t~ ~ Mike Anderson, Mayor V ~~ Attest: Approved for Form and Legal Sufficiency: R A(} (A Toni L. Craig, City Attorney DISPOSITION