HomeMy WebLinkAboutR-07-42 Amended Budget
RESOLUTION NO. R-07-42
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER
COUNTY, FLORIDA ADOPTING AN AMENDED BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2006 AND ENDING
SEPTEMBER 30, 2007 AS PROVIDED FOR IN EXHIBIT "A";
PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, on September 20, 2006, the City of Sebastian adopted Resolution
No. R-06-22 providing for the adoption of the City's 2006-07 budget; and
WHEREAS, on May 9, 2007, the City of Sebastian adopted Resolution No. R-
07-15 providing for the adoption of the City's 2006-07 amended budget; and
WHEREAS, an analysis of the revenues and expenditures for the twelve (12)
months ended September 30, 2007 has indicated that some adjustments are
necessary,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, THAT:
Section 1. The budget of the City of Sebastian, Indian River County, Florida for
the Fiscal Year beginning October 1, 2006 and ending September 30, 2007 be
amended, a copy of which is attached hereto and more particularly identified as
Exhibit "A", which are hereby adopted and the revised appropriations set out therein
are hereby made to maintain and carry on the government of the City of Sebastian,
Indian River County, Florida.
Section 2. All resolutions or parts of resolutions in conflict herewith are hereby
repealed.
Section 3. This Resolution shall be come effective on September 30, 2007.
It was moved for adoption by Councilmember Simchick
The motion was seconded by Councilmember Paternoster
being put to a vote, the vote was as follows:
and, upon
Mayor Andrea B. Coy aye
Vice-Mayor Sal Neglia aye
Councilmember Al Paternoster aye
Councilmember Dale I. Simchick aye
Councilmember Eugene Wolff aye
The Mayor thereupon declared this Resolution duly passed and adopted this 14h day of
November 2007.
CITY OF SEBASTIAN, ORIDA
By:
Mayor Andrea B o
ATTEST:
~ ~.
1
Sally A.o, MMC
City Cle
Approved as to form and content for
reliance by the City of Sebastian only:
1 ~-
Rich tringer, Cit ttorney
EXHIBIT "A"
AMENDED FY 2007 AMENDED
BUDGET BEFORE 4TH QUARTER BU DGET AFTER
FUND TITLE ADJUSTMENTS ADJUSTMENTS ADJUSTMENTS
GENERAL
Revenues $ 12,437,781 $ 490,155 $ 12,927,936
Expenditures $ 12,437,781 $ 490,155 $ 12,927,936
LOCAL OPTION GAS TAX
Revenues $ 765,000 $ - $ 765,000
Expenditures $ 765,000 $ - $ 765,000
DISCRETIONARY SALES TAX
Revenues $ 3,676,422 $ 82,472 $ 3,758,894
Expenditures $ 3,676,422 $ 82,472 $ 3,758,894
RECREATION IMPACT FEE
Revenues $ 405,000 $ - $ 405,000
Expenditures $ 405,000 $ - $ 405,000
STORMWATER UTILITY FEE
Revenues $ 1,315,863 $ 45,230 $ 1,361,093
Expenditures $ 1,315,863 $ 45,230 $ 1,361,093
LAW ENFORCEMENT FORFEITURE
Revenues $ 22,500 $ - $ 22,500
Expenditures $ 22,500 $ - $ 22,500
G.R.E.A.T. PROGRAM
Revenues $ 14,155 $ - $ 14,155
Expenditures $ 14,155 $ - $ 14,155
DST DEBT SERVICE FUND
Revenues $ 1,035,182 $ - $ 1,035,182
Expenditures $ 1,035,182 $ - $ 1,035,182
STORMWATER DEBT SERVICE FUND
Revenues $ 438,148 $ - $ 438,148
Expenditures $ 438,148 $ - $ 438,148
CAPITAL PROJECTS FUND
Revenues $ 4,434,730 $ (732,975) $ 3,701,755
Expenditures $ 4,434,730 $ (732,975) $ 3,701,755
GOLF COURSE
Revenues $ 1,635,642 $ - $ 1,635,642
Expenses $ 1,635,642 $ - $ 1,635,642
AIRPORT
Revenues $ 409,360 $ 27,390 $ 436,750
Expenses $ 409,360 $ 27,390 $ 436,750
BUILDING
Revenues $ 1,103,072 $ - $ 1,103,072
Expenses $ 1,103,072 $ - $ 1,103,072
TOTAL BUDGET $ 27,692,855 $ (87,728) $ 27,605,127