R-1155-08 RESOLUTION NO. 1155-08
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES VILLAGE, FLORIDA,
CREATING BUDGET AMENDMENT #1 TO THE FY2008-09 OPERATING BUDGETS
TOTALING $172,330 REAPPROPRIATING $40,592 FROM THE GENERAL RESERVED
FUND BALANCE, $4,500 FROM THE LOCAL OPTION GAS TAX FUND, $71,080 FROM THE
CAPITAL FUND BALANCE; $7,306 FROM THE SANITATION RESERVED RETAINED
EARNINGS, AND $48,852 FROM THE FLEET MAINTENANCE INTERNAL SERVICE FUND,
WHICH WILL ALL BE USED FOR OUTSTANDING FINANCIAL OBLIGATIONS INCURRED
PRIOR TO SEPTEMBER 30, 2008.
WHEREAS, the Village has adopted an annual operating budget for all funds and
Departments for the fiscal year which began on October 1, 2008; and,
WHEREAS, generally accepted accounting principals require that all financial obligations
incurred in a prior fiscal year be reported as a fund reserve in the Village's Reserved Equity
Accounts; and,
WHEREAS, re-appropriation of those fund balances and associated items are required to
accurately represent the current year's operating accounts during FY2008-09;
NOW, THEREFORE, BE IT RESOLVED by the Village Council of Miami Shores Village,
Florida:
Section 1. That this resolution creates and approves Budget Amendment #1 to
the FY2008-09 Operating Budgets,, re-appropriating a total of $172,330, comprised of
$40,592, $4,500, $71,080, $7,306 and $48,852, from the General Reserved Fund Balance, Local
Option Gas Tax, Capital Fund Balance, Sanitation Reserved Retained Earnings and the Fleet
Maintenance Internal Service Fund respectively.
Section 2. That this resolution shall be effective immediately upon its adoption and
retroactively implemented to October 1, 2008.
PASSED AND ADOPTED this 2nd day of December, 2008.
Attest:
Herta Holly, Mayor
Barbara A. Estep, M C
Village Clerk
Approved as to Form:
Richard Sarafan
Village Attorney
Miami Shop—Village
FY 2008-09
Summary: Budget Amendment Schedule by Fund
ADOPTED BUDGET Budget Amendment#1 AMENDED BUDGET
Total Total Total
Fund Total Revenues; Expenditures Total Revenues; Expenditures Total Revenues; Expenditures
General Fund $ 13,642,539 $ 13,642,539 $ 40,592 $ 40,592 $ 13,683,131 $ 13,683,131
Excise Taxes 2,147,200 i 2,147,200 - 2,147,200
i 2,147,200
Local Option Gas Tax 1,115,305 : 1,115,305 4,500 : 4,500 1,119,8051 1,119,805
Transport Surtax 992,178 992,178 - 992,1781 992,178
Debt service 971,092 971,092 - 971,092 971,092
Capital Projects 2,800,250 2,800,250 71,080 : 71,080 2,871,330 : 2,871,330
Storm Water 255,361 € 255,361 - - 255,361 255,361
Sanitation 2,843,956 2,843,956 7,306 € 7,306 2,851,262 2,851,262
Risk Management 920,582 920,582 - - 920,582 920,582
Fleet Maintenance 1,294,566 : 1,294,566 48,852 1 48,852 1,343,418 : 1,343,418
TOTAL $ 26,983,029 $ 26,983,029 1$ 172,3301 $ 172,3301$ 27,155,359 $ 27,155,359
FY09 Budget Amendment#1 Page 1 Of 1
Budget Am lment #1
FY 21 09
Account# Description Budget Bud Amd 1 Revised Budget
001-0000-389-20000 Fund Balance: Encumbrance Reserved - 40,592 ; 40,592
001-0450-524-31000 Professional Services 25,000 9,450 34,450
001-0500-513-32000 Professional Services: Audit 70,000 1,000 : 71,000
001-0800-519-80608 Police Pension Adminstration - 3,834 : 3,834
001-0900-521-54500 Licenses & Permits 3,680 1,100 ; 4,780
001-0900-521-34000 Professional Services 80,721 5,000 85,721
001-0900-521-58000 Training & Education 19,319 11,497 : 30,816
001-1201-572-52210 Supplies: Beauitification expenses - 7,411 7,411
001-1500-571-66000 Capital: Books/Publications 26,670 1,300 ; 27,970
Sub-total: General Fund(001) $ 225,390 225,390
130-0000-389-20000 Fund Balance: Encumbrance Reserved - 4,500 : 4,500
130-1202-541-52200 Supplies: Other Operating 41,000 1,500 : 42,500
130-1202-541-52210 Supplies: Beauitification expenses 30,000 3,000 33,000
Sub-total: LOGT Fund(130) $ - $ - ; $ -
301-0000-389-20000 Fund Balance: Encumbrance Reserved - 71,080 ; 71,080
301-6000-541-65750 Capital: Fleet Miant. Renovation - 71,080 ; 71,080
$ -
Sub-total: Capital Project Fund(301) -
405-0000-389-20000 Fund Balance: Encumbrance Reserved - 7,306 ; 7,306
405-3000-534-52200 Supplies: Other Operating 16,533 7,306 ; 23,839
Sub-total:Sanitation Fund(405) $ 16,533 16,533
550-0000-389-20000 Fund Balance: Encumbrance Reserved - 48,852 ; 48,852
550-6000-541-46200 Repairs/ Maintenance - 4,200 : 4,200
550-6000-541-52105 Supplies: Conversions 10,000 2,000 ; 12,000
550-6000-541-65000 FLMtce:Vehicles - 40,952 ; 40,952
550-6000-541-65100 FLMtce: Conversion Costs - 1,700 : 1,700
Sub-total: Fleet Mtce ISFund(550) $ 10,000 $ - $ 10,000
Sub-total: BudAmendment#1 $ 241,923 $ - $ 235,390
FY09 Budget Amendment#I Page 1 of 2