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R-1192-10 RESOLUTION NO. 1192-10 A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL CREATING BUDGET AMENDMENT#2 TO THE FISCAL YEAR 2009-2010 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 1,2009 and ended on September 30, 2010;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 2009-2010 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 16th day of November. 2010. f � ATTEST: �%'by a, 66). anc Al Davis Mayor Barbara A. Estep, MMC Village Clerk APPROVED AS TO FORM: Richard Sarafan Village Attorney Miami Shores Village FY 2009-10 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 Revenuesi Expenditures General Fund $ 12,058,023:1 $ 12,058,023 $ 67,427 1$ 67,427 $ 60,000 $ 60,000 $ 12,185,450 1. 12,185,450 Excise Taxes 2,150,619 2,150,619 - - 60,000 60,000 2,210,619 2,210,619 Local Option Gas Tax 466,106 466,106 3,950€ 3,950 - - 470,056: 470,056 Transport Surtax 278,393 1 278,393 - - - - 278,393 278,393 Debt service 1,024,866: 1,024,866 - - - - 1,024,866' 1,024,866 Capital Projects 459,125 i 459,125 2,354,880 i 2,354,880 - - 2,814,005 1 2,814,005 Storm Water 233,156'_. 233,156 - - - - 233,156 : 233,156 Sanitation 2,870,534 1 2,870,534 - - - 2,870,534 2,870,534 Risk Management 971,582 971,582 - - - - 971,582 971,582 Fleet Maintenance 1,279,724 1,279,724 9,700` 9,700 - 1,289,424 1 1,289,424 TOTAL $ 21,792,128 i $ 21,792,128 1$ 2,435,957 $ 2,435,957 1$ 120,000 i $ 120,000 $ 24,348,085 i $ 24,348,085 FYI Budget Amendment#2 Page 1 0f 2 . • Budget/ ndment#2 FY-%,-9-10 Revised Account# Description Budget Bud Amd 2 Budget 001-0000-000-13385 Transfer from Excise Tax - 60,000 60,000 001-0800-519-93000 Contingency 40,988 60,000 100,988 Sub-total: General Fund(001) $ - $ 120,000 $ - 120-0000-314-10000 Public Service Tax: Electricity Utility 620,000 60,000 680,000 120-0000-000-20703 Transfer to General Fund - 60,000 60,000 Sub-total: Debt Service Fund(120) 550-6000-541-52200 Operating Supplies-General - 37,000 37,000 550-6000-541-6500 Machinery& Equipment-Vehicles $ - 1 37,0001 37,000 Sub-total: Risk Mgmt-Fund(550) $ - $ 37,000 $ - Sub-total: BudAmendment#2 $ - $ 157,000 $ - FY10 Budget Amendment#2 Page 2 of 2