R-1171A-09 RESOLUTION NO. 1171A-09
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL,CREATING BUDGET
AMENDMENT#2 TO THE FISCAL YEAR 2008-2009 OPERATING BUDGETS,
INCREASING REVENUES AND EFFECTUATING FUND TRANSFERS TO REVERSE
THE YEAR END BUDGETARY DEFICIT.
WHEREAS,the Village had adopted an annual operating budget for all funds and departments for the
fiscal year which began on October 1,2008 and ended on September 30,2009;and,
WHEREAS, Florida State Statutes prohibit departmental budgets to close with a deficit;and,
WHEREAS, in order to adequately fund the deficits realized during the prior fiscal year,
corresponding revenues shall be increased and fund transfers shall be reapportioned;and,
WHEREAS,the referenced revenue increases and fund transfers are set forth on the attached
schedule;
NOW,THEREFORE, BE IT RESOLVED by the Miami Shores Village Council:
Section 1. That this resolution and schedule attached hereto,creates and approves Budget
Amendment#2 to the Fiscal Year 2008-2009 Operating Budgets.
Section 2. That adoption of this resolution shall effectuate the specified transfers to reverse
the year end budgetary deficit.
Section 3. That this resolution shall become effective immediately upon its adoption by the
Village Council.
PASSED AND ADOPTED this 1n day of December,2009.
Attest:
C Davis, Mayor
Barbara A.Estep, MMC
Village Clerk
Approved as to Form:
a
Richard Sarafan
Village Attorney
. Mia*es Village
08-09
Summary: Budget Amendment Schedule by Fund
ADOPTED BUDGET Budget Amendment#1 Budget Amendment#2 AMENDED BUDGET
Total •` Total Total Total
Fund Total Revenues; Expenditures Total Revenues! Expenditures Total Revenues= Expenditures Total Revenues; Expenditures
General Fund $ 13,642,539 : $ 13,642,539 $ 40,592 $ 40,592 $ 173,502 = $ 173,502 $ 13,856,633 $ 13,856,633
Excise Taxes 2,147,200 3 2,147,200 `• - - i - 2,147,200 i 2,147,200
Local Option Gas Tax 1,115,305 '•. 1,115,305 4,500 ' 4,500 -; - 1,119,805 1,119,805
Transport Surtax 992,178 ':. 992,178 - - - 992,178 992,178
Debt service 971,092 971,092 - 95,082 € 95,082 1,066,174 1,066,174
Capital Projects 2,800,250 `:• 2,800,250 71,080{ 71,080 393,360; 393,360 3,264,690 i 3,264,690
Storm Water 255,361 '_. 255,361 - - -_ - 255,361 '_. 255,361
Sanitation 2,843,956 2,843,956 7,306 € 7,306 2,851,262 1. 2,851,262
_ .
Risk Management 920,582 920,582 - - 142,937 € 142,937 1,063,519 1,063,519
Fleet Maintenance 1 1,294,566 1,294,566 48,852 1 48,852 'j - 1,343,418 1,343,418
TOTAL $ 26,983,029 $ 26,983,029 $ 172,330 1 $ 172,330 $ 804,881 ! $ 804,881 $ 27,960,240 $ 27,960,240
FY09 Budget Amendment#2 Page 1 Of 2
Budget Amendment#2
08-09
Account# Description Budget Bud Amd 2 Revised Budge
001-0000-329-50000 Alarm Permits - 25,000 ; 25,000
001-0000-354-20000 Fines: Code Enforcement 100,000 138,702 238,702
001-0000-322-10000 Building Permits: Master 379,250 9,800 : 389,050
001-0200-514-31220 Prof.Svcs: Legal Labor 30,000 50,000 ; 80,000
001-0400-524-13000 Other wages 71,400 9,800 81,200
001-0800-519-91602 Transfer to Debt Service Fund 300,797 95,082 : 395,879
001-0901=521-12000 Standard salary&wages 6,198 260 ; 6,458
001-0900-521-64000 Equipment 85,000 (85,000); -
001-1403-572-64000 Equipment 103,240 (90,000): 13,240
001-0800-519-91130 Transfer to Capital Fund 1,500,000 193,360 ; 1,693,360
Sub-total:General Fund(001) 173,502 ; $ -
201-0000-382-00300 Transfer In from General Fund 300,797 (95,082)'-. 205,715
201-0000-519-71002 Debt Service: Principal Suntrust 185,425 61,340 ; 246,765
201-0000-5197=7 De Service: Interest Sun rust ,8 33,742 ; 133,564
Sub-total: Debt Service Fund(201 $ - $ 95,082 : $ -
301-0000-382-30000 Transfer In from General Fund 1,500,000 193,360 ; 1,693,360
301-1403-572-64000 Equipment: Recreation - 90,000 b 90,000
301-0900-521-64000 Equipment: Police - 85,000 : 85,000
301-0000-381-13000 Transfer in from LOGT 650,000 191,836 ; 841,836
301-0000-381-13500 Transfer in from CITT 650,000 8,164 ; 658,164
301-1202-541-62730 CAP: Infrastructure-2nd Ave Project 1,300,000 200,000 ; 1,500,000
301-6000-541-62725 CAP: Infrastructure- Fleet Facility Bldg 1,500,000 18,360 : 1,518,360
Sub-total:Capital Project Fund(301) $ - $ 393,360 ; $ -
501-0000-361-4020 Insurance Proceeds for repairs - 142,937 ; 142,937
501-6500-519-45120 Premuim: Property Liability 316,912 71,857 ; 388,769
501-6500-519-91300 Interfund:SIR Reserve 25,000 6,375 : 31,375
501-6500-519-64000 ISF: Premium-Automobile 89,511 4,260 ; 93,771
501-6500-519-64000 Machinery & Equipment - 1,445 ; 1,445
501-6500-519-31230 Risk Mgmt: Legal Litigation $ 40,000 59,000 ; 99,000
Sub-total: Risk Mgmt-Fund 501 $ - $ 142,937 ; $ -
Sub-total: BudAmendment#2 $ - $ 804,881 $ -
FY09 Budget Amendment#2 Page 2 of 2