R-2018-261
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RESOLUTION NO. 2018 -26
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES
VILLAGE, FLORIDA CREATING BUDGET AMENDMENT #8 TO THE
FISCAL YEAR 2017 -2018 OPERATING BUDGETS, INCREASING
REVENUES AND EFFECTUATING TRANSFERS TO REVERSE THE
YEAR END BUDGETARY DEFICIT.
WHEREAS, the Village adopted an annual operating budget for all funds and
departments for the fiscal year which began October 1, 2017 and ended on September 30,
2018; 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 transfers shall be reapportioned;
and,
WHEREAS, the referenced revenue increases and transfers are set forth on the
attached schedule;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF MIAMI
SHORES VILLAGE, FLORIDA:
Section 1. That this resolution and schedule, attached hereto, creates and approves
Budget Amendment #8 to the Fiscal Year 2017 -2018 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 is effective immediately upon its adoption by the
Village Council.
PASSED AND ADOPTED THIS 6' day of November, 2018
ATTEST:
Ysabt-1
Village
APPROVED AS TO FORM:
RiV% A a 0"A S
ardj-S-ra-rafan, V
FYI Amendment NB
Account N Description Budget Expenditure Revenues Amended Budget
001.12.0303.00.512 11 -000 Execulive Salaries
96,533
3,000
99,533
001.12.0303.00.51248 -200 Legal Advertisements
800
10,000
10,800
001.12.0303.00.512_40 -000 Travel
1,659
1,130
2,789
001.12.0303.00.512_46 -200 Reparis & Maintenance
1,500
(1,500)
001.12.0303.00.512_49 -000 Olher Current Charges
3,200
(3,200)
001.19.0800.00.519_25 -000 Re-employmenl Tax
13,000
(9,430)
3,570
001.15.0450.00.515_11 -000 Executive Salaries
130,878
17,200
148,078
001.15,0450.00,515_12 -000 Regular Salaries and Wages
17,045
1,400
18,445
001.15.0450.00.515 „31 -000 Professional Services
69,863
4,800
74,663
001.15.0450.00_329 -200 Zoning and Variance Fees
10,000
23,400
33,400
001.29.0351.00.529_11 -000 Executive Salaries
32,020
32,020
001.29.0351.00.529_11 -100 Executive Benefit
2,125
2,125
001.29.0351.00.529_12 -000 Regular Salaries and Wages
136,520
(23,330)
113,190
001.29.0351.00.529_41 -100 Cellular
1,650
1,650
001.29.0351.00.529_49 -600 Court Filing Fees
3,500
(750)
2,750
001.29.0351.00_354 -200 Code violations
295,000
11,715
306,715
001.72.1403.00.572_12 -000 Regular Salaries and Wages
192,420
(25,135)
167,285
001.72.1405.00.572_12 -000 Regular Salaries and Wages
174,567
4,375
178,942
001.72.1405.00.572_13 -000 O1herSalartes
186,317
(10,435)
175,882
001.72.1405.00.572_13 -200 Privale Swim Lessons
3,375
3,375
001.72,1405.00.572 23 -000 Health Insurance
21,369
6,445
_
27,814
001.72.1405.00.572 40 -000 Travel
1,625
(1.115)
510
001.721405.00.572 41 -200 Inlernel
5,500
2,025
7,525
001.72.1405.00.572_43 -100 Electric
46,024
(7,310)
38,714
001.72.1405.00.572 43 -200 Waler
15,700
11,385 1
27,085
001.72.1405.00.572_46 -200 Reparis & Maintenance
21,500
20,670
_
42,170
001.72.1405.00.572_52 -250 Food for Resale
27,285
(4,280)
23,005
001.13.0500.00.581_91 -301 Transfer to Capital Projects
20,000
5,000
25,000
001.39.1202.00.581_91 -301 Transfer to Capital Projects
61,000
26,100
87,100
001.39.1203.00.581_91 -301 Transfer to Capital Projects
3,600
3,600
001.72.1403.00.581_91 -301 Transfer lo Capilal Projects
16,000
22,700
38,700
001.72.1405.00.581_91 -301 Transfer lo Copilot Projects
73,000
22,700
95,700
001.19.0800.00.519_99 -000 Conlingency
89,686
(80,100)
9,586
Sub - total: General Fund
35,115 35,115
$ 1,792,135
130.39.1222.00.541_12 -000 Regular Salaries and Wages
96,874
(6,140)
90,734
130.39.1222.00.541_63 -100 Tronsportalion Improvements
30,000
6,140
36,140
Sub - total: Local Option Gas Tax Fund
$ 126,874
201.00.0000.00„ 311 -000 Ad Valorem Taxes
449,280
5,880
455,160
201.19.0000.00.519_31-000 Professional Services_
1,850
(1,850)
201.19.0000.03.517_72 -100 Inlerest Payments
43,460
7,500
50,960
201.19.0000.05.517_71 -100 Principal Payments
222,110
100
_
222,210
.19.0000.05.51772-100 Inlerest Payments
2,390
130
2,520
Sub - total: Debt Service Fund
5,880 5,880
$ 730,850
301.00.0000.00_381 -001 Transfer In General Fund
376,415
80,100
456,515
301.13.0500.00.513_68 -000 Intangible Assets
20,000
5,000
25,000
301.39.1202.00.539_61 -000 Land
29,250
29,250
301.39.1202.00.539_63 400 Infrastructure Land Improvements
52,050
(14,250)
37,800
301.39.1202.00.539_64 -000 Machinery and Equipment
7,500
11.100
18,600
301.39.1203.00.539_64 -000 Machinery and Equipment
3,600
3.600
301.72.1403.00.572_62 -000 Buildings
16,000
9,700
1
25,700
301.72.1403.00.572_64 -000 Machinery and Equipment
13,000
13,000
301.72.1405.00.572_63 -400 Land Improvements
69,000
11,200
1
80,200
301.72.1405.00.572_64 -000_ Machinery and Equipmenl
11,500
11,500
Sub- total: Capital Projects Fund
80,100 80,100
$ 701,165
410.00.0000.00 361 -100 Interest Income
2,000
3,310
5,310
410.00.0000.00_389 -900 Appropriation from Fund Balance
11,451
55,020
66,471
410.39.4000.00.517_72 -100 Interest Payments
93,600
28,020
121,620
410.39.4000.00.535_43 -100 Electric
1,400
(1,400)
410.39.4000.00.535_46 -200 Reports & Mainlenance
31,710
31,710
Sub - total: Water 6 Sewer Fund
_58,330 58,330
$ 225,111
501.00.0000.00 369 -300 Seltlements
5,000
82,000
87,000
501.19.6500.00.519_45 -320 Insurance Direct Payments
1,000
34,000
35,000
501.19.6500.00.519_46 -200 Reparis & Maintenance
10,0001
48,000
58,000
Sub - total: Risk Management Fund
1 82,000 82,000
Total Amondnsvnts
1 261,425 261,425
:ola $ Advertising
�'Jew Director
Promotion to Director
Recreation Reclass to Aquatics
Council Approved d Emergency Projects