2024-R-34 - Budget Adjustments 2023-2024 RESOLUTION 2024-R-34
A RESOLUTION OF THE CITY COUNCIL OF
EDGEWATER, FLORIDA, ADOPTING BUDGET
ADJUSTMENTS TO THE 2023-2024 FISCAL YEAR
BUDGETS AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Edgewater, by Resolution 2023-R-23, adopted an operating
budget for Fiscal Year 2023-2024; and
t7l
WHEREAS, the City of Edgewater, by Resolution 2023-R-3 1, and by Resolution 2024-
R-05 amended the operating budget for Fiscal Year 2023-2024; and
WHEREAS, the budget adjustments will allow the City of Edgewater to adjust the Fiscal
Year 2023-2024 budget and increase revenues and expenditures in total pursuant to itemizations
contained in Exhibit"A" which is attached hereto and incorporated herein; and
NOW, THEREFORE,be it resolved by the City Council of Edgewater, Florida.
Section 1. Final Budget Adiustment: The City Council of the City of Edgewater
amends the Fiscal Year 2023-2024 budget by revising the budget in total pursuant to itemizations
contained in Exhibit "A"' which is attached hereto and incorporated herein.
Section 2. Effective Date. This Resolution shall become effective immediately upon
passage and adoption.
PASSED AND DULY ADOPTED this day of 20 4.
Diezel Depew, Mayor
`TF iST:
13 z0rinie iotnik, WC, City Clerk
REVIEWED AND APPROVED: 'ILL
Aaron R. Wolf&'-(�4 Attorney
EXHIBIT A
Final AMENDED FY 2023 - 2024 BUDGET
REVENUES AND EXPENSES CURRENT Proposed Proposed Recommended
APPROVED REVENUE EXPENSES Amendment
001 -GENERAL.FUND $ 30,787,950 $ 31,386,011 $ 31,386,011 $ 598,061
116-SPECIAL LAW ENFORCEMENT TRUST FD $ 14,950 $ 14,950 $ 14,960 $ -
117-POLICE IMPACT FEE FUND $ 1711790 $ 171,790 $ 171,790 $ -
119-RECREATION IMPACT FEE $ 607,168 $ 607,168 $ 607,168 $
120-SCHOLARSHIP FUND $ 9,000 $ 9,000 $ 9,000 $
121 - COE MANATEE CONSEV $ - $ 10,800 $ 10,800 $ 10,800
122-TREE MITIGATION FUND $ 30,000 $ 30,000 $ 30,000 $ -
125-EDGEWATER CRA $ 1,615,335 $ 1,616,336 $ 1,616,336 $ -
•127-ARPA ECONOMIC IMPACT FUND $ 3,136,175 $ 3,157,000 $ 3,167,000 $ 21,826
205-1&S DEBT SERVICE FUND $ 439,140 $ 439,140 $ 439,140 $ -
331 -CAPITAL PROJECTS FUND $ 6,843,808 $ 6,843,808 $ 6,843,808 $ -
"0-WATER&SEWER $ 26,445,807 $ 26,763,277 $ 26,763,277 $ 317,470
442-WATER DEVELOPMENT $ 323,311 $ 323,311 $ 323,311 $ -
443-SEWER DEVELOPMENT $ - $ 317,470 $ 317,470 $ 317,470
444-RENEWAL&REPLACEMENT $ 13,040,121 $ 12,967,370 $ 12,967,370 $ (72,761)
445-WS SINKING FUND $ - $ 205 $ 206 $ 205
447-SOLID WASTE $ 4,946,360 $ 4,946,360 $ 4,946,360 $
448-STORMWATER OPERATING $ 18,642,393 $ 18,642,393 $ 18,642,393 $ -
449-STORMWATER CAPITAL PROJECTS $ 15,605,339 $ 16,605,339 $ 16,605,339 $ -
450-PUBLIC WORKS COMPLEX $ 23,000,000 $ 23,146,402 $ 23,146,402 $ 146,402
501 -MIS $ 1,097,642 $ 1,097,642 $ 1,097,642 $ `
602-FLEET $ 1,311,576 $ 1,311,576 $ 1,311,570 $ -
603-LOSS FUND $ 747,461 $ 747,461 $ 747,46.1 $ -
504-FULLY INSURED INSURANCE $ 4,016,129 $ 4,016,129 $ 4,016,129 $ -
605-WORKERS COMPENSATION $ 406,203 $ 405,203 $ 406,203 =-
TOTAL ALL FUNDS $ 162,036,558 $ 163,376,040 $ 163,375,040 $ 1,339,482