Fort Walton Beach Resolution — 2011-01--Budget Amendments — reading text

RESOLUTION NO. 2011- 1 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, FLORIDA, AMENDING THE FISCAL YEAR OCTOBER 1, 2010 THROUGH SEPTEMBER 30, 2011 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 2010- 33, adopted on September 22, 2010, authorizes amendments to the FY 2010- 11 budget by resolution. Section 2. Grant Carrvovers Amendment a. All encumbrances were paid in the prior year as anticipated for the not Okaloosa County Health Department Grant for bike routes. Therefore, General Fund grant revenue carryovers are appropriated in the amount of 237. b. All encumbrances were not paid in the prior year as anticipated for the Community Development Block Grant. Therefore, CDBG Fund grant revenue carryovers are appropriated in the amount of$ 3, 487. Section 3. General Fund Budget Amendment a. A secure cell phone totaling $ 4, 969 was purchased for the Department of Corrections labor contract, approved by City Council as part of the FY 2010- Il budget. b. The City incurred $ 8, 910 to demolish the Nelson Davis building. c. The City incurred $ 66, 483 to defease the 1999 Golf Clubhouse bond, approved by City Council as part of the FY 2010- 11 budget. Therefore, there is appropriated $ 8, 910 from other revenues and $ 71,452 from undesignated fund balance increasing the General Fund budget by $ 80, 362 from 17, 665, 623 to $ 17, 745, 985. Section 4. Utilities Fund Budget Amendment City Council approved $ 50, 000 for a reclaimed water system feasibility study on August 10, 2010. Therefore, there is appropriated $ 50, 000 from unrestricted net assets increasing the Utilities Fund budget by $50, 000 from $7, 716, 554 to $ 7, 766, 554. Section 5. Golf Fund Budget Amendment The City incurred $ 66, 483 to defease the 1999 Golf Clubhouse bond, approved by City Council as part of the FY 2010- 11 budget. Th~refore, there is appropriated $ 66,483 from interfund transfers increasing the Golf Fund b4dget by $66, 483 from $ 2, 196, 029 to 2, 262, 512. ' Section 6. Stormwater Fund Budget Amendment The City will incur $ 10, 000 to repave and stripe a portion of the Fountainhead Condo parking lot. Therefore, there is appropriated $ 10, 000 from other revenue increasing the Stormwater Fund budget by $10, 000 from $601, 300 to $ 611, 300. Section 7. Effective Date This resolution shall take effect immediately upon approval by the City Council and signature by the Mayor. lJ ~() II hde~ A opted Mike Anderson, Mayor Attest: Approved for Form and Legal Sufficiency: DISPOSITION  FY 2010- 11 Budget Amendment #2 Resolution 2011- 1 GENERAL FUND Revenue Account & Amount Expense Account & Amount Comments DOC Labor Contract 001- 1600- 389- 9100 4, 969 001- 1015- 541- 5200 4, 969 Radio Purchase Nelson Davis Bldg Demo 001- 1217- 354- 1000 8, 910 001- 1217- 529- 3400 8, 910 Funded via code enforcement fines Transfer to Golf Fund 001- 1600- 389- 9100 66,483 001- 1600- 581- 9175 66,483 1999 Bond defeased Nov 2010 80, 362 80, 362 FY 2010- 11 Adopted Budget 17, 633, 614 Budget Amendment # 1 32, 009 Budget Amendment #2 80, 362 General Fund - Amended Budget 17, 745, 985 UTILITIES FUND Revenue Account & Amount Expense Account & Amount Comments Reclaimed Water Feasibility 401- 1600- 389- 9300 50, 000 401- 5396- 535- 3100 50, 000 CC appv' d 08/ 10/ 10 50, 000 50, 000 FY 2010- 11 Adopted Budget 7, 716, 168 Budget Amendment # 1 386 Budget Amendment #2 50, 000 Utilities Fund - Amended Budget 7, 766,554 GOLF FUND Revenue Account & Amount Expense Account & Amount Comments Transfer from General Fund 404- 1600- 381- 0100 66, 483 404- 0700- 572- 3100 6, 500 1999 Bond defeased Nov 2010 404- 0700- 517- 7200 59, 983 1999 Bond defeased Nov 2010 66,483 66,483 FY 2010- 11 Adopted Budget 2, 196, 029 Budget Amendment #2 66, 483 Golf Fund - Amended Budget 2, 262, 512 STORMW A TER FUND Revenue Account & Amount Expense Account & Amount Comments Fountainhead Condo Parking 405- 1500- 369- 9000 10, 000 405- 5019- 538- 6357 10, 000 Check from Condo Association 10,000 10, 000 FY 2010- 11 Adopted Budget 565, 000 Budget Amendment # 1 36, 300 Budget Amendment #2 10, 000 Stormwater Fund - Amended Budget 611 ,300 C :\ Documents and Settings\ lvanetten\ Local Settings\ Temporary Internet Files\OLK3\#2 amdrd 11- 11 1/ 10/ 2011 11 : 49 AM