R-1062-03 RESOLUTION No: 1062-03
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES,
VILLAGE, FLORIDA, CREATING BUDGET AMENDMENT #2 TO THE FY
2002-2003 OPERATING BUDGETS, CREATING A NEW 'Az-CENT SALES
TAX SPECIAL REVENUE FUND TO RECEIVE AND APPROPRIATE THE
ESTIMATED $280,000 IN NEW TAX RECEIPTS; AND REAPPROPRIATING
BUDGET FUNDS FOR THE BUILDING DEPARTMENT, THE PLANNING &
ZONING DEPARTMENT, THE CODE ENFORCEMENT DEPARTMENT AND
THE FINANCE DEPARTMENT, AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Village has adopted an annual operating budget for all funds and
departments for the fiscal year which began on October 1, 2002, as amended in October for
prior year encumbrances; and,
WHEREAS, the Administration has evaluated the need to amend the budget to provide
for several organizational changes; and,
WHEREAS, the Village must also create a new special revenue fund to allow for the
receipt of the new 1/2-cent sales tax for transportation and roadway projects; and,
WHEREAS, all such budget amendments must be presented to and approved by the
Village Council.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE VILLAGE COUNCIL OF
MIAMI SHORES VILLAGE, FLORIDA:
1. Budget Amendment #2 as reflected in the attachment to this Resolution and
which forms a part hereof, is hereby approved, so as to:
A. Create a new 1/2-cent Sales Tax Transportation Fund, to receive and
appropriate the estimated $280,000 in new tax receipts from the County.
B. Increase and appropriate the Excise (Simplified Telecommunication) Tax
Revenue by $77,616 to correct the understated State estimates to fund the
following Departmental Budget changes:
(i) Reappropriate funds from Excise Tax Revenue to the Planning/Zoning
and Code Enforcement Departments amounting to $2,018 and $54,848
respectively.
(ii) Reappropriate $20,750 from Excise Tax Revenue into the Finance
Department.
C. Transfer $36,806 from the Operating Expenses category to the Personnel
Costs category in the Building Department Budget.
i'
? 2. That this resolution shall take effect upon its passage and adoption.
PASSED and ADOPTED this le day of Febr ry, 003.
a
"'D�
L DAVIS, MAYOR
Attest:
AIX
Barbara A. Estep, CMCI
Village Clerk
Approved as to Form:
r
Richard Sarafan,
Village Attorney
} Miami Shores Village
FY 2002-03 Adopted / Amended Budgets by Fund
Presented in Summary Format
Adopted AME D D
Fund (10/1/2002) Amendment ##1; Amendment#2 BUDGET
General(001) $ 9,633,775 $ 59,566 $ 77,616 $ 9,770,957
Excise Taxes(120) 1,710,577 - 77,616 $ 1,788,193
Local Option Taxes(130) 614,424 110,824 ; - $ 725,249
Half-cent Transport Tax(135) - - ; 280,000 $ 280,000
Grant Fund(150) - 46,637 ; - $ 46,637
Debt Service Fund(201) 249,313 - $ 249,313
Capital Projects(301) 1,451,787 $ 1,451,787
60 Bond Fund(350) 1,734,537 - - $ 1,734,537
Storm Water Fund(402) 440,206 18,108 ; - $ 458,314
Sanitation Fund(405) 2,042,768 11,363 f - $ 2,054,131
Risk Management ISF(501) 637,666 5,223 ; - $ 642,889
Fleet Maintenance ISF(550) 832,345 2,906 ; - is 835,251
Total All Funds (excl Trust) $ 19,347,398 $ 254,626 $ 435,2321 $ 20,037,256
FY 2002-03 All Funds Budget(excl Trusts) Prepared/Printed on 2/11/2003 at6:32 PM