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HomeMy WebLinkAboutR-19-34 4th Qtr Budget AmendmentRESOLUTION NO. R-19-34 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA RECOGNIZING AMENDMENTS AND ADJUSTMENTS TO THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 AS PROVIDED FOR IN E?SIT "A"; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, an analysis of the revenues and expenditures for the three (3) months that ended on September 30, 2019 indicated that certain budget adjustments required formal approval by the City Council and that previously approved amendments and adjustments by the City Manager should be recognized; and WHEREAS, the City Council and City Manager have previously approved any other necessary amendments and adjustments in accordance with the Annual Budget Resolution; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCI, 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, 2018 and ending September 30, 2019 has been amended and adjusted as necessary within the quarter ending September 30, 2019; a summary of such amendments and adjustments being attached hereto and more particularly identified as Exhibit "A'; the revised appropriations, if any, are set out therein and are recognized as having been 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 All resolutions or parts of resolutions in conflict herewith are hereby repealed.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. Sections of this resolution may be 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 the City Council by filing a corrected copy of same with the City Clerk. Section 4. This Resolution shall become effective immediately upon its adoption. It was moved for adoption by Councilmember rrHi The motion was seconded by Councilmember Hill and, upon being put to a vote, the vote was as follows: Mayor Ed Dodd aye Vice Mayor Charles M. Maud aye Councilmember Damien H. Gilliam ate Councilmember Jim Hill ate Councilmember Pamela Parris The Mayor thereupon declared this Resolution duly passed and adopted this 11' day of December 2019. �mu ATT//.. II pp���bJJbz 1uette Williams, MMC Clerk CITY OF SEBASTIAN, FLORIDA By: e„m0 _ - - Mayor Ed Dodd - Approved as to form and content for reliance by the City of ityof Sebastian only: Jameg(D. Stokes City Attorney - EXHIBIT "A" OF RESOLUTION R-19-34 SUMMARY OF BUDGET CHANGES FOR THE QUARTER ENDED SEPTEMBER 30, 2019 ADJUSTMENTS PREVIOUSLY APPROVED BY CITY COUNCIL: Budget Before Budget Budget After ProjecVAccount Chair1t Adustment Cha9gyy Reason for Adlustment FDOT Grant ($8tl� 000) ($ ,000.000) ($1,800,000) 5122H9 Approval to add 21L year funding to Transfer from DST Fund ($200,000) ($250,000) ($450,000) the'13'yearofthe FDOTGrantforthe Buildinas (Construction of Hangar D) $1.000.000 $1.250.000 $2.250.000 Construction of Hangar D. CavCarp Parking Lot Project Parking Lot Project based on bid pricing. ADJUSTMENTS BEING SUBMITTED FOR CITY COUNCIL APPROVAL: Budget Before Budget Budget After Pro ectfAccount mR&R Account CharrttyyF ($85431) Adjustment ($2,000) Chagqyy�� (1$21 31) Reason for Adjustment Used General Fund R&R account for IAppropriation R&M Docks & Piers $2 500 $2,000 $4,500 repairs needed to the Main Street Dock. FEMA and State Hurticane Payments 0 ($532,620) ($532,620) Used Hurticane proceeds for retirement City Manager Wages and Benefits $279,059 $47,000 $326,059 payout to City Manager's Administrative City Attorney Services $103,200 $500 $103,700 Assistant; added Special Magistrate costs; Police Operations Irma Overtime $113,000 $155,300 $2619,300 Police overtime for Dorian preparation; and Code Enforcement R&M Vehicles $700 $600 $1,300 unexpected Code Enforcement vehicle repairs. Rest was put in Contingency that Contingency 9 Y $718,021 $329,220 $447 241 will be swept into General Fund Reserves. ADJUSTMENTS PREVIOUSLY AUTHORIZED BY THE CITY MANAGER: Budget Before Budget Budget After Pro(ectfAccount Change Adjustment Change Transfer from Riverfront CRA Fund ($219,739) $108,494 ($111,245) Sign Grants $55,000 $5,000 $60,000 Septic to Sewer Grants Progmm...._____.$275,505 ($114r488)__. $170r253 Transfer from DST Fund ($296,534) $282,034 ($14,500) Stonecrop Drainage Project $296,534 ($282,034) $14,500 Reason for ustment Adjustment between M S accounts to provide cyber security training. ... Adjustment to close the project for purohasing Radar Signs. Adjustment to Regular Salaries accounts fgrtheguartedy incentive awards, _._._. Adjust for receipt and transfer of Slate's Payment for the Police Pension Fund. Adjustment to close Park Improvements Project to the balance used during_year.___. Closes Capital Projects budget and returns unused balance to Stornwater Fund. Closes the CRA grant accounts to the actual amounts paid out during the year returns the balance to the CRA Fund to be rebudget for next year. Closes the Stonecrop Drainage Project, which was rebudgeted for next year.