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Home My WebLink AboutR-24-54 Tentative BudgetRESOLUTION NO. R-24-54 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA ADOPTING THE TENTATIVE BUDGET FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; MAKING APPROPRIATIONS FOR THE PAYMENT OF OPERATING EXPENSES, CAPITAL EXPENSES, AND FOR PRINCIPAL AND INTEREST PAYMENTS ON INDEBTEDNESS OF THE CITY, IN THE CITY'S GENERAL FUND, SPECIAL REVENUE FUNDS, CAPITAL IMPROVEMENT FUNDS, GOLF COURSE FUND, AIRPORT FUND, AND BUILDING FUND, AS PROVIDED FOR IN SCHEDULE "A", ATTACHED HERETO, ESTABLISHING AUTHORITY OF THE CITY MANAGER TO IMPLEMENT THE BUDGET; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager has submitted a Proposed Tentative Budget for the City of Sebastian for the fiscal year beginning October 1, 2024, and ending September 30, 2025; and WHEREAS, the City Council has conducted a Public Hearing on the Proposed Tentative Budget on September 16, 2024. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA AS FOLLOWS: Section 1. The Tentative Budget is hereby adopted for the Fiscal Year beginning on October 1, 2024 and ending September 30, 2025, subject to a final hearing on September 25, 2024. Section 2. The amounts shown on the attached Schedule "A" are tentatively appropriated out of the Treasury of the City, including any revenues accruing to the City available for purposes of the City's budgetary accounts. Section 3. The City Manager is tentatively authorized and directed to prepare for the implementation of the service programs and projects provided for in the budget. Such implementation is to be consistent with the provisions of the City Code of Ordinances and policies established by the City Council. Section 4. The City Manager is tentatively authorized to make budget adjustments within budgetary accounts shown on Schedule "A" as he deems appropriate. He shall also be authorized to make budget adjustments between budgetary accounts shown on Schedule "A", when necessary to implement programs, projects, and expenditures authorized by the City Council or for purposes of clarification and enhancement of accounting and reporting requirements. He shall be further authorized to make adjustments to project allocations from remaining balances in other projects or from other available funds when necessary to satisfactory complete requisite projects. All other budgetary adjustments will require prior approval by the City Council. Section 5. CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 6. SCRIVENER'S ERRORS. Sections of this Resolution maybe renumbered or re - lettered and corrections of typographical errors which do not affect the intent may be authorized by the City Manager, or the City Manager's designee, without need of further action of City Council by filing a corrected copy of same with the City Clerk. Section 7. EFFECTIVE DATE. This Resolution shall become effective upon passage. The foregoing Resolution was moved for adoption by Councilmember Mcpartlan . The motion was seconded by Councilmember Dixon and, upon being put into a vote, the vote was as follows: Mayor Ed Dodd aye Vice -Mayor Kelly Dixon aye Councilmember Bob McPartlan aye Councilmember Fred Jones aye Councilmember Christopher Nunn Dixon aye The Mayor thereupon declared this Resolution duly passed and adopted this 16th day of September, 2024. ATTEST: Cj414a� W� anette Williams, City Clerk CITY OF SEBASTIAN, FLORIDA Ed Dodd, Mayor Approved as to form and legality for the reliance by the City of Sebastian only: Amwfer Cockcroft, City.Ittorney ATTACHMENT TO RESOLUTION R-24-54 SCHEDULE"A" BUDGET SUMMARY FISCAL YEAR 2024/2025 GENERALFUND REVENUES: 001501 Taxes and franchise fees $ 12,854,419 001501 Licenses and permits 184,400 001501 Intergovernmental 3,952,000 001501 Charges for services 957,063 001501 Fines and forfeits 67,050 001501 Miscellaneous 574,500 001501 Transfers in 100,000 Total Revenues $ 18,689,432 EXPENDITURES: 010001 City Council $ 82,305 010005 City Manager 608,145 010009 City Clerk 321,140 010010 City Attorney 261,290 010020 Finance 791,055 010021 Management Information System 757,900 010035 Human Resources 302,050 010041 Police Administration 1,019,060 010043 Police Operations 4,762,345 010047 Police Detective Division 1,574,137 010049 Police Dispatch Unit 872,575 010045 Code Enforcement Division 243,400 010052 Roads and Maintenance 1,495,055 010054 Fleet Management 272,945 010056 Facilities Maintenance 857,320 010059 Cemetery 205,515 010057 Parks and Recreation 1,812,980 010080 Community Development 710,255 010099 Non -departmental 1,739,960 Total Expenditures $ 18,689,432 1 ATTACHMENT TO RESOLUTION R 24-54 SCHEDULE"A" BUDGET SUMMARY FISCAL YEAR 2024/2025 LOCAL OPTION GAS TAX FUND 120010 REVENUES Taxes $ 804,572 Miscellaneous 67,798 Appropriation from prior year 233,531 Total Revenues $ 1,105,901 120051 EXPENDITURES Operating $ 5,901 Transfers out 1,100,000 Total Expenditures $ 1,105,901 DISCRETIONARY SALES TAX FUND 130010 REVENUES Taxes $ 5,032,170 Miscellaneous 157,307 Appropriation from prior year 861,102 Total Revenues $ 6,050,579 130051 EXPENDITURES Transfers out $ 6,050,579 Total Expenditures $ 6,050,579 RECREATION IMPACT FEE FUND Impact fee $ 130,000 Miscellaneous 800 Restricted cash balance carryforward - Total Revenues $ 130,800 160051 EXPENDITURES Transfers out $ 80,000 Unappropriated 50,800 Total Expenditures $ 130,800 STORMWATER UTILITY FUND 163010 REVENUES Stormwater utility fee $ 2,702,000 Miscellaneous 68,664 Restricted cash balance carryforward 83,416 Total Revenues $ 2,854,080 163051 EXPENDITURES Operating $ 2,590,580 Capital Outlay 81,500 Transfers out 182,000 Total Expenditures $ 2,854,080 F ATTACHMENT TO RESOLUTION R-24-54 SCHEDULE"A" BUDGET SUMMARY FISCAL YEAR 2024/2025 SPECIAL REVENUE FUNDS - CONTINUED: PARKING IN -LIEU -OF FEE FUND 190010 REVENUES Miscellaneous $ 10,767 Total Revenues $ 10,767 190051 EXPENDITURES Unappropriated 10,767 Total Expenditures $ 10,767 LAW ENFORCEMENT FORFEITURE FUND 190010 REVENUES Fines and forfeits $ 200 Miscellaneous 1,145 Total Revenues $ 1,345 190051 EXPENDITURES Unappropriated $ 1,345 Total Expenditures $ 1,345 COMMUNITY REDEVELOPMENT AGENCY FUND 163010 REVENUES Tax Increment - Sebastian $ 274,802 Tax Increment - Indian River County 305,073 Miscellaneous 22,012 Restricted cash balance carryforward 338,448 Total Revenues $ 940,335 163051 EXPENDITURES Operating $ 242,990 Grants and Aids 25,000 Transfers out for Sewer Connection Program 128,845 Transfers out 543,500 Total Expenditures $ 940,335 CAPITAL PROJECTS FUNDS: REVENUES Transfers from Other Funds $ 8,525,854 Grants 2,405,196 Total Revenues $ 10,931,050 EXPENDITURES Transportation $ 4,490,780 Recreation 1,676,000 Physical Environment 3,218,500 Public Safety 684,454 General Government 861,316 Total Expenditures $ 10,931,050 3 ATTACHMENT TO RESOLUTION R-24-54 SCHEDULE"A" BUDGET SUMMARY FISCAL YEAR 2024/2025 ENTERPRISE FUNDS: GOLF COURSE FUND 410010 REVENUES: Charges for services $ 2,003,473 Miscellaneous revenues 9,165 Total Revenues $ 2,012,638 EXPENSES: GOLF COURSE ADMINISTRATION 410110 Personal services $ 368,550 Operating expenses 470,855 Capital Outlay - Repayment ofInterfund Loans 136,991 Unappropriated 23,183 Total Administration $ 999,579 GOLF COURSE GREEN DIVISION 410120 Operating expenses $ 753,935 Capital Outlay 50,000 Total Golf Course Green Division $ 803,935 GOLF COURSE CARTS DIVISION 410130 Personal services $ 175,230 Operating expenses 33,894 Total Golf Course Carts Division $ 209,124 Total Golf Course Expenses $ 2,012,638 4 ATTACHMENT TO RESOLUTION R-24-54 SCHEDULE"A" BUDGET SUMMARY FISCAL YEAR 2024/2025 ENTERPRISE FUNDS - CONTINUED: AIRPORT FUND 450010 REVENUES Charges for services $ 750,675 Miscellaneous revenues 35,945 Total Revenues $ 786,620 450110 EXPENSES: Personal services $ 225,005 Operating expenses 483,418 Debt service 38,500 Capital Outlay 32,000 Unappropriated 7,697 Total Expenses $ 786,620 BUILDING DEPARTMENT 480010 REVENUES Charges for services $ 1,093,600 Miscellaneous revenues 78,991 Restricted cash balance carryforward 294,984 Total Revenues $ 1,467,575 480110 EXPENSES: Personal services $ 1,141,565 Operating expenses 232,915 Capital 93,095 Total Expenses $ 1,467,575 TOTAL BUDGET SUMMARY GENERAL FUND $ 18,689,432 SPECIAL. REVENUE FUNDS 11,093,807 CAPITAL PROJECT FUNDS 10,931,050 ENTERPRISE FUNDS 4,266,833 TOTAL BUDGET FOR ALL FUNDS $ 44,981,122 5