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95-21496 RESO Incomplete RESOLUTION NO. 95-21496 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING FY 1994/95 BUDGETS IN THE GENERAL FUND TOTALING, $1,141,175; THE CONVENTION CENTER, PARKING, SANITATION, SEWER, STORM WATER, AND WATER ENTERPRISE FUNDS TOTALING, $1,705,975; AND THE COMMUNICAT:IONS, FLEET MANAGEMENT, AND PROPERTY MANAGEMENT INTERNAL SERVICE FUNDS, TOTALING $545,763, TO PROVIDE FOR THE REAPPROPRIATION OF OUTSTANDING PRIOR YEAR ENCUMBRANCES. WHEREAS, municipal budgeting practices require reappropriation of FY 1993/94 outstanding encumbrances; and WHEREAS, the Administration has performed a review of the City's General, Enterprise, and Internal Service Funds to determine if an increase in departmental appropriations is required to compensate for prior year encumbrances; and WHEREAS, a determination has been made that ten functions within the General Fund, totaling $1,141,175; six Enterprise Funds, totaling $1,705,975; and three Internal Service Funds, totaling $545,763, require an increase in their respective appropriation to cover prior year encumbrances carried forward into Fiscal Year 1994/95; and WHEREAS, in order to increase appropriations an amendment to the current budget is necessary. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the following departmental appropriations within the General, Enterprise, and Internal Service Funds are hereby amended to cover prior year encumbrances as enumerated as follows: FY 1994195 Increasel FY 1994/95 Current Budget (Decrease) Amended Budget GENERAL FUND OPERATING REVENUES Ad Valorem Taxes $37,587,580 $0 $37,587,580 Other Taxes 15,957,574 0 15,957,574 Licenses and Permits 6,960,800 0 6,960,800 Intergovernmental 9,622,000 0 9,622,000 Charges for Service 1 ,321 ,500 0 1 ,321 ,500 Fines and Forfeits 3,207,000 0 3,207,000 Interest 1,200,000 0 1,200,000 Rents and Leases 912,087 0 912,087 Miscellaneous 7,127,266 0 7,127,266 other 3,271,496 0 3,271,496 Fund Balance 0 1,141,175 1,141,175 Subtotal $87,167,325 $1,141,175 $88,308,500 GENERAL OBLIGATION DEBT SERVICE Ad Valorem Taxes $10,729,536 $0 $10,729,536 Subtotal $10,729,536 $0 $10,729,536 Total Revenues $97,896,861 $1,141,175 $99,038,036 EXPENDITURES Mayor and Commision $497,663 $0 $497,663 City Manager 1,308,170 0 1,306,170 City Attorney 2,038,277 2,291 2,040,568 Children and Families Affairs 67,792 0 67,792 City Clerk 675,243 0 675,243 Community Relations/PIO 558,344 0 558,344 Finance 1,430,751 4,667 1,435,638 Management and Budget 643,825 0 643,825 Human Resources 1 ,013,078 18,935 1 ,032,013 Building Services 3,030,169 144,090 3,174,259 Devel,Design & Hist Pres 1 ,508,853 0 1 ,508,853 Rec, Cutture & Parks 10,516,979 137,488 10,654,467 General Services 2,150,815 11,050 2,161 ,865 Public Works 2,033,541 16,913 2,050,454 Fire 15,936,667 323,501 16,250,366 Police 30,680,030 69,622 30,749,652 Citywide 13,078,908 412,398 13,491,308 Subtotal $87,167,325 $1,141,175 $88,308,500 GENERAL OBLIGATION DEBT SERVICE Debt Service $10,729,536 $0 $10,729,536 Subtotal $10,729,536 $0 $10,729,536 Total Expenditures $97,896,861 $1,141,175 $99,038,036 FY 1994/95 Inerease! FY 1994/95 Current Budget (Decreasel Amended Budget ENTERPRISE FUNDS Convention CenterlTOPA $13,236,090 $688,160 $13,924,250 Parking 6,457,347 192,937 6,650,284 Sanitation 3,608,776 74,951 3,883,729 Sewer Operations 16,055,759 42,803 16,098,562 Storm Water 2,600,000 583,622 3,383,822 Water Operations 12,223,722 123,302 12,347,024 Total Enterprise Funds $54,381,696 $1,705,975 $58,087,671 INTERNAL SERVICE FUNDS Central Services $700,285 $0 $700,285 Communications 2,612,953 44,887 2,657,840 Fleet Management 4,358,936 361,016 4,719,952 Property Management 2,237,147 139,660 2,377,007 Risk Management 9,707,337 0 9,707,337 Total Internal Srvc Funds $19,616,658 $545,763 $20,162,421 PASSED and ADOPTED this 15th day of February, 1995, MAYOR Attest by: B1 Date FORM APPROVED 1 y' DIpL :f'-9 2.- Il>."l~ CITY CLERK Funding Approved ~. CITY OF MIA.MI' BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 COMMISSION MEMORANDUM NO. ~ TO: Mayor Seymour Gelber and Members of the City Commission Roger M. Carlton ~. () . --- City Manager ~ SU~ECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING FY 1994/95 BUDGETS IN THE GENERAL FUND TOTALING $1,141,175; THE CONVENTION CENTER, PARKING, SANITATION, SEWER, STORM WATER, AND WATER ENTERPRISE FUNDS TOTALING $1,705,975; AND THE COMMUNICATIONS, FLEET MANAGEMENT, AND PROPERTY MANAGEMENT INTERNAL SERVICE FUNDS TOTALING $ 54 5, 763 TO PROVIDE FOR REAPPROPRIATION OF OUTSTANDING PRIOR YEAR ENCUMBRANCES. DATE: February 15, 1995 FROM: ADMINISTRATION RECOMMENDATION: The Administration recommends adoption of the attached Resolution which provides for the reappropriation of prior year (PY) encumbrances within General, Enterprise, and Internal Service Funds and serves as the First Amendment to the Adopted Budget for Fiscal Year (FY) 1994/95. BACKGROUND: On December 21, 1994, the Administration presented its third and final budget amendment for Fiscal Year 1993/94 to the Commission. Contained in the agenda item was the statement that approximately. . ." a $1,038,599 contribution to General Fund Balance would be achieved, less a reservation of $1,212,077 for Prior Year Encumbrances, bringing Total Fund Balance for the General Fund at September 30, 1994 to $6,774,727. Comparing this estimate to the financial statements for the Year Ended September 30, 1994 reveals that our estimates varied less than one percent from the final figures. The reserve for encumbrances within the General Fund is stated at $1,212,609, with the Total Fund Balance for the General Fund totaling $6,774,972. This annual review of the financial statements for the year ended has allowed us to identify PY encumbrances totaling $1,141,175 within the General Fund; $1,705,975 within six Enterprise Funds, and $545,763 within three Internal Service Funds which require budget adjustments. These PY commitments require additional funding due to the fact that these PY encumbrances were carried forward and will be relieved during the current year. 286 AGENDA ITEM R-l-G 2-1S-05 DATE First Amendment - FY 1994/95 Budget Page 2 February 15, 1995 In order to increase a departmental appropriation, a budget amendment is necessary. Funding for this budget amendment is available within Fund Balance in the General Fund and Retained Earnings in Enterprise and Internal Service Funds. In essence, this budget amendment allows projects and commitments carried over from FY 1993/94 to FY 1994/95 to be funded with FY 1993/94 dollars that were reserved within the accumulated Fund Balance at September 30, 1994 and carried forward into FY 1994/95. This budget amendment will not impact the current year. Details of the amendment follow: ANALYSIS: Reappropriation of PY Encumbrance General Fund Building Services $ 144,090 City Attorney Finance Fire 2,291 4,887 323,501 General Services 11,050 Human Resources Police Public Works Recreation 18,935 69,622 16,913 137,488 Citywide Special Projects Lobbyist Street & Streetlight Emergency 911 Total General Fund 195,799 18,096 55,672 142.831 $1,141,175 Purpose Equipment, Phone Sys, Office Relocation Office Furniture Capital (Computers) Prof Serv, Air Truck, Equipment, Building Imps Capital (Computers), Contract Maint Computers, Temp Labor Prof Serv, K-9 Equipment Prof Serv, Equipment Prof Serv, Equipment, Building Imps Prof Serv, Capital Prof Serv Paving Contract Capital ZS7 First Amendment - FY 1994/95 Budget Page 3 February 15, 1995 Enterprise Funds Convention Center/TOPA Parking sanitation Sewer Storm Water Water Total Enterprise Funds Internal Service Funds Communications Fleet Management Property Management Total Internal Serv Funds $ 688,160 192,937 74,951 42,803 583,822 123.302 $1,705,975 $ 44,887 361,016 139.860 $545,763 Glass Doors, Security Sys, Telescopic Platforms Prof Serv, Lockheed S t u d Y , Equipment, Vehicles, Radios Vehicle, Temp Labor Capital, Repair and Maint Prof Serv (CH2M Hill), Vehicles Vehicles, Equipment Computer, Telephones Vehicles, Computer System Vehicles, Repair and Maint CONCLUSION: The attached Resolution serves as the mechanism to amend the current budget to discharge these PY obligations, the sum of which were not yet available during FY 1994/95 budget deliberations last summer as FY 1993/94 had not yet closed. The source of funding for encumbrances within the General Fund has already been recognized as reservations of fund balance and does not constitute additional e~penditures or liabilities. PY Encumbrances for the Enterprise and Internal Service Funds are funded from Retained Earnings. RMC:DJJ:me attachment - Resolution 288