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Home My WebLink AboutR-23-25 Final Budget 2023 - 2024RESOLUTION NO. R-23-25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023 AND ENDING SEPTEMBER 309 2024; MAKING APPROPRIATIONS FOR THE PAYMENT OF OPERATING EXPENSES, CAPITAL EXPENSES, AND FOR THE PRINCIPAL AND INTEREST PAYMENTS ON THE 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 Budget for the City of Sebastian for the fiscal year beginning October 1, 2023, and ending September 30, 2024; and WHEREAS, on September 18, 2023, the City Council conducted Public Hearings on the Proposed Budget and Adopted the Tentative Budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, THAT: Section 1. RECITALS. The above recitals contained above in the Whereas clauses are hereby adopted and true and correct and determined to be the legislative findings of the City Council of the City of Sebastian. Section 2. BUDGET ADOPTION. The City Manager's Proposed Final Budget is hereby adopted for the Fiscal Year beginning October 1, 2023 and ending September 30, 2024. Section 3. APPROPRIATION. The amounts shown on the attached Schedule "A" are hereby 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 4. AUTHORIZATION. The City Manager is hereby authorized and directed to proceed with 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 5. ADJUSTMENTS. The City Manager is authorized to make budget adjustments within budgetary accounts, as he deems appropriate. He is further authorized to make budget adjustments between budgetary accounts when necessary to implement programs, projects, and expenditures authorized by the City Council. All other budgetary adjustments will require approval by the City Council. Section 7. CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section S. SCRIVENER'S ERRORS. 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 City Council by filing a corrected copy of same with the City Clerk. Section 9. EFFECTIVE DATE. This Resolution shall become effective October 1, 2023. The foregoing Resolution was moved for adoption by Councilmember Nunn . The motion was seconded by Councilmember Dodd and, upon being put into a vote, the vote was as follows: Mayor Fred Jones aye Vice -Mayor Christopher Nunn aye Councilmember Ed Dodd aye Councilmember bob McPartlan aye Councilmember Kelly Dixon ave The Mayor thereupon declared this Resolution duly passed and adopted on this the 27`h day of September, 2023. ATTEST: W�cJ�.l'.LQJh/J. *ette Williams, City Clerk CITY OF SEBASTIAN, FLORIDA---- By: Fred Jones, Mayor Approved as to form and legality for the reliance Vtheity of Sebbasttianonly: 6&tun Cockcroft, Cit�vAttomey ATTACHMENT TO RESOLUTION R-23-25 SCHEDULE "A" BUDGET SUMMARY FISCAL YEAR 2023/2024 GENERAL FUND REVENUES: 001501 Taxes and franchise fees $ 11,934,118 001501 Licenses and permits 1841400 001501 Intergovernmental 4,076,638 001501 Charges for services 8349439 001501 Fines and forfeits 67,050 001501 Miscellaneous 417,000 001501 Transfers in 80,000 Total Revenues $ 17,593,645 010001 City Council $ 75,895 010005 City Manager 342,675 010009 City Clerk 358,215 010010 City Attorney 252,880 010020 Finance 735,002 010021 Management Information System 678,425 010035 Human Resources 288,670 010041 Police Administration 9721765 010043 Police Operations 43497,855 010047 Police Detective Division 1,516,215 010049 Police Dispatch Unit 863,515 010045 Code Enforcement Division 220,385 010052 Roads and Maintenance 1,493,815 010054 Fleet Management 324,175 010056 Facilities Maintenance 805,315 010059 Cemetery 190,375 010057 Leisure Services 11421,860 010080 Community Development 803,365 010099 Non -departmental 1,696,774 Unappropriated 55,469 Total Expenditures $ 17,593,645 1 ATTACHMENT TO RESOLUTION R-23-25 SCHEDULE "A" BUDGET SUMMARY FISCAL YEAR 2023/2024 SPECIAL REVENUE FUNDS: LOCAL OPTION GAS TAX FUND 120010 REVENUES Taxes Miscellaneous Total Revenues 120051 EXPENDITURES Operating Debt service Transfers out Unappropriated Total Expenditures DISCRETIONARY SALES TAX FUND 130010 REVENUES Taxes Miscellaneous Total Revenues 130051 EXPENDITURES Transfers out Unappropriated Total Expenditures RECREATION IMPACT FEE FUND 160010 REVENUES Impact fee Miscellaneous Restricted cash balance carryforward Total Revenues 160051 EXPENDITURES Transfers out Total Expenditures STORMWATER UTILITY FUND 163010 REVENUES Stormwater utility fee Miscellaneous Restricted cash balance carryforward Total Revenues 163051 EXPENDITURES Operating Capital Outlay Transfers out Total Expenditures $ 763,830 18,651 $ 782,481 $ 5,901 533,423 243,157 $ 782,481 $ 5,120,145 32,859 $ 5,153,004 $ 414911235 661,769 $ 5,153,004 $ 179,400 18,903 171,697 $ 370,000 $ 370,000 $ 370,000 $ 1,926,000 40,583 419,749 $ 2,386,332 $ 2,211,332 10,000 165,000 $ 2,386,332 2 ATTACHMENT TO RESOLUTION R-23-25 SCHEDULE "A" BUDGET SUMMARY FISCAL YEAR 2023/2024 SPECIAL REVENUE FUNDS - CONTINUED: PARKING IN -LIEU -OF FEE FUND 190010 REVENUES Miscellaneous $ 4,315 Total Revenues $ 4,315 190051 EXPENDITURES Unappropriated 4,315 Total Expenditures $ 4,315 LAW ENFORCEMENT FORFEITURE FUND 190010 REVENUES Fines and forfeits $ 150 Miscellaneous 1,150 Total Revenues $ 1,300 190051 EXPENDITURES Unappropriated $ 1,300 Total Expenditures $ 1,300 COMMUNITY REDEVELOPMENT AGENCY FUND 163010 REVENUES Tax Increment - Sebastian $ 223,569 Tax Increment - Indian River County 248,196 Miscellaneous 28,450 Total Revenues $ 500,215 163051 EXPENDITURES Operating $ 311,370 Transfers out 60,000 Unappropriated 128,845 Total Expenditures $ 500,215 CAPITAL PROJECTS FUNDS: REVENUES Transfers from Other Funds $ 5,649,658 Grants 12,188,152 Total Revenues $ 17,837,810 EXPENDITURES Transportation $ 4,008,481 Recreation 280,000 Physical Environment 12,392,000 Public Safety 769,982 General Government 387,347 Total Expenditures $ 17,837,810 3 ATTACHMENT TO RESOLUTION R-23-25 SCHEDULE "A" BUDGET SUMMARY FISCAL YEAR 2023/2024 ENTERPRISE FUNDS: GOLF COURSE FUND 410010 REVENUES: Charges for services $ 1,938,445 Total Revenues $ 1,938,445 EXPENSES: GOLF COURSE ADMINISTRATION 410110 Personal services $ 341,635 Operating expenses 471,809 Capital Outlay 42,300 Repayment of Interfund Loans 117,398 Unappropriated 8,934 Total Administration $ 982,076 GOLF COURSE GREEN DIVISION 410120 Operating expenses $ 708,515 Capital Outlay 50,000 Total Golf Course Green Division $ 758,515 GOLF COURSE CARTS DIVISION 410130 Personal services $ 167,160 Operating expenses 30,694 Total Golf Course Carts Division $ 197,854 Total Golf Course Expenses $ 1,938,445 4 ATTACHMENT TO RESOLUTION R-23-25 SCHEDULE "A" BUDGET SUMMARY FISCAL YEAR 2023/2024 ENTERPRISE FUNDS - CONTINUED: AIRPORT FUND 450010 REVENUES Charges for services $ 723,940 Miscellaneous revenues 34,630 Restricted cash balance carryforward 92,813 Total Revenues $ 851,383 450110 EXPENSES: Personal services $ 206,415 Operating expenses 491,468 Debt service 38,500 Capital Outlay 115,000 Total Expenses $ 851,383 BUILDING DEPARTMENT 480010 REVENUES Charges for services $ 1,072,150 Miscellaneous revenues 77,398 Restricted cash balance carryforward 227,111 Total Revenues $ 1,376,659 480110 EXPENSES: Personal services $ 1,104,265 Operating expenses 242,394 Capital 30,000 Total Expenses $ 1,376,659 TOTAL BUDGET SUMMARY GENERAL FUND $ 17,5939645 SPECIAL REVENUE FUNDS 99,1971,647 CAPITAL PROJECT FUNDS 17,837,810 ENTERPRISE FUNDS 4,166,487 TOTAL BUDGET FOR ALL FUNDS $ 489,7951,589 5