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