2023-R-01 - Budget Amendment RESOLUTION 2023-R-01
A RESOLUTION OF THE CITY COUNCIL OF
EDGEWATER, FLORIDA, ADOPTING BUDGET
ADJUSTMENTS TO THE 2022-2023 FISCAL YEAR
BUDGETS AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Edgewater, by Resolution 2022-R-23, adopted an operating
budget for Fiscal Year 2022-2023; and
WHEREAS, the City of Edgewater, by Resolution 2022-R-36, amended the adotted
operating budget for Fiscal Year 2022-2023 for open projects and encumbrances;w =
WHEREAS,the budget adjustments increase revenues and expenditures in total pursuant
to itemizations contained in Exhibit"A"which is attached hereto and incorporated herein; and
WHEREAS, the City will approve an internal loan in an amount not to exceed
$2,500,000 between Fund 127 "ARPA Economic Impact Fund" and Fund 447 "Solid Waste
Fund"; and
WHEREAS, the internal loan will be charged the Florida Prime "i-Day SEC Yield" as
of the date of the internal loan funds transfer and have a loan amortization not to exceed five
years; and
WHEREAS, the internal loan will be repaid earlier than the five years if FEMA funding
for the debris hauling and monitoring for Hurricane Ian is received; and
WHEREAS,the budget adjustments will allow the City of Edgewater to adjust the Fiscal
Year 2022-2023 budget.
NOW,THEREFORE,be it resolved by the City Council of Edgewater, Florida.
Section 1. January Budget Adiustment: The City Council of the City of Edgewater
amends the Fiscal Year 2022-2023 budget by revising the budget in total pursuant to itemizations
f contained in Exhibit"A" which is attached hereto and incorporated herein.
2023-R-01 l
Section 2. Effective Date. This Resolution shall become effective immediately
upon passage and adoption.
PASSED AND DULY ADOPTED this day of , 2022.
•�4 . t
Diezel Depew, Mayor
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Bonnie Zlotnik,WC, City Clerk
REVIEWED AND APPROVED:
Aaron R. Wolfe, Cit / Attorney
2023-R-01 2
EXHIBIT A
JANUARY AMENDED FY 2022 - 2023 BUDGET
REVENUES AND EXPENSES CURRENT JANUARY AMENDED Recommended
APPROVED REVENUE EXPENSES Amendment
001 -GENERAL FUND $ 25,213,323 $ 25,213,323 $ 25,213,323 $ -
115-SPECIAL LAW ENFORCEMENT TRUST FD $ - $ - $ - $ -
116-TRANSPORTATION IMPACT FEE $ - $ - $ - $ -
117-POLICE IMPACT FEE FUND $ - $ - $ - $ -
118-FIRE IMPACT FEE FUND $ 50,000 $ 50,000 $ 50,000 $ -
119-RECREATION IMPACT FEE $ 331,951 $ 331,951 $ 331,951 $ -
120-SCHOLARSHIP FUND $ 9,000 $ 9,000 $ 9,000 $ -
122-TREE MITIGATION FUND $ 30,000 $ 30,000 $ 30,000 $ -
125-EDGEWATER CRA $ 495,893 $ 495,893 $ 495,893 $ -
127-ARPA ECONOMIC IMPACT FUND $ - $ 2,500,000 $ 2,500,000 $ 2,500,000
205-1&S DEBT SERVICE FUND $ 435,205 $ 435,205 $ 435,205 $ -
/�'a\ 331 -CAPITAL PROJECTS FUND $ 5,789,173 $ 5,789,173 $ 5,789,173 $ -
440-WATER&SEWER $ 24,844,445 $ 24,844,445 $ 24,844,445 $ -
442-WATER DEVELOPMENT $ - $ - $ - $ -
443-SEWER DEVELOPMENT $ - $ - $ - $ -
444-RENEWAL& REPLACEMENT $ 12,911,440 $ 12,911,440 $ 12,911,440 $ -
447-SOLID WASTE $ 9,542,600 $ 12,042,600 $ 12,042,600 $ 2,500,000
448-STORMWATER OPERATING $ 6,031,564 $ 6,031,564 $ 6,031,564 $ -
449-STORMWATER CAPITAL PROJECTS $ 4,112,990 $ 4,112,990 $ 4,112,990 $ -
450-PUBLIC WORKS COMPLEX $ 932,800 $ 932,800 $ 932,800 $ -
501 -MIS $ 1,191,623 $ 1,191,623 $ 1,191,623 $502-FLEET $ 1,721,631 $ 1,721,631 $ 1,721,631 $ -
503-LOSS FUND $ 492,708 $ 492,708 $ 492,708 $ -
504-FULLY INSURED INSURANCE $ 3,419,615 $ 3,419,615 $ 3,419,615 $ -
605-WORKERS COMPENSATION $ 344,888 $ 344,888 $ 344,888 $ -
TOTAL ALL FUNDS $97,900,849 $ 102,900,849 $ 102,900,849 $ 5,000,000