2025-R-03 - Mid Year Budget Adjustments RESOLUTION 2025-R-03
A RESOLUTION OF THE CITY COUNCIL OF
EDGE WATER, 'FLORIDA, ADOPTING BUDGET
ADJUSTMENTS TO THE 2024-2025 1471SCAL YEAR
BUDGETS AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Edgewater, by Resolution 2024-R-27, adopted all operating
budget for Fiscal Year 2024-2025; and by Resolution 2024-R-35, amended the operating budget;
WHEREAS, the budget adjustments will allow the City of Edgewater to Adjust the Fiscal
Year 2024-2025 budget and increase revenues and expendi(tires 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. March, Budget Adjustment: The City Council of the City of Edgewater
amends the Fiscal Year 2024-2025 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 a 202
Diezel Depew, tvlayor
ATTEST:
"Y-x 9
Bonnie Zlotnik, C V- C, City Clerk
REVIEWED AND APPROVED:
Aaron R. Wolfe, i Attorney
EXHIBIT A
March AMENDED FY 2024 - 2025 BUDGET
REVENUES AND EXPENSES CURRENT Proposed Proposed Recommended
APPROVED REVENUE EXPENSES Amendment
001 -GENERAL FUND $ 36,359,688 $ 36,133,663 $ 36,133,663 $ 773,976
114-GRANTS FUND $ 1,000,000 $ 3,079,000 $ 3,079,000 $ 2,079,000
115-SPECIAL LAIN ENFORCEMENT TRUST FD $ 20,000 $ 38,000 $ 38,000 $ 18,000
116-TRANSPORTATION IMPACT FEE $ - $ 601,033 $ 601,033 $ 601,033
117-POLICE IMPACT FEE FUND $ 55,000 $ 56,000 $ 55,000 $ -
118-FIRE IMPACT FEE FUND $ 460,000 $ 460,000 $ 460,000 $ -
119-RECREATION IMPACT FEE $ 300,000 $ 300,000 $ 300,000 $ -
120-SCHOLARSHIP FUND $ 9,000 $ 91000 $ 9,000 $ -
122-TREE MITIGATION FUND $ 30,000 $ 30,000 $ 30,000 $ -
125-EDGEWATER CRA $ 1,922,742 $ 1,922,742 $ 1,922,742 $ -
127-ARPA ECONOMIC IMPACT FUND $ 4,677,721 $ 6,620,662 $ 6,620,662 $ 2,042,941
206-1&S DEBT SERVICE..FUND $ 437,828 $ 437,828 $ 437,828 $ -
331 -CAPITAL PROJECTS FUND $ 5,254,226 $ 5,964,634 $ 5,964,634 $ 710,408
440-WATER&SEWER $ 26,538,773 $ 28,113,773 $ 28,113,773 $ 1,675,000
442-WATER DEVELOPMENT $ 280,126 $ 280,125 $ 280,126 $ -
443-SEWER DEVELOPMENT $ 317,470 $ 317,470 $ 317,470 $ -
444-RENEWAL&REPLACEMENT $ 12,646,877 $ 14,221,877 $ 14,221,877 $ 1,575,000
447-SOLID WASTE $ 6,683,090 $ 6,683,090 $ 6,683,090 $
448-STORMWATER OPERATING $ 20,039,802 $ 23,206,802 $ 23,206,802 $ 3,166,000
449-STORMWATER CAPITAL PROJECTS $ 16,818,026 $ 20,931,967 $ 20,931,967 $ 6,113,941
460-PUBLIC WORKS COMPLEX $ 23,387,810 $ 23,387,810 $ 23,387,810 $ -
501 -MIS $ 1,042,736 $ 1,042,735 $ 1,042,735 $ -
502-FLEET $ 1,583,044 $ 1,583,044 $ 1,683,044 $ -
503-LOSS FUND $ 792,754 $ 792,754 $ 792,764 $ -
504-FULLY INSURED INSURANCE $ 4,376,981 $ 4,376,981 $ 4,376,981 $ -
605-WORKERS COMPENSATION $ 411,949 $ 411,949 $ 411,949 $ -
TOTAL ALL FUNDS $ 163,345,641 $ 181,000,939 $ 181,000,939 $ 17,656,298