2012-R-10 RESOLUTION 2012 -R -10
A RESOLUTION OF THE CITY COUNCIL OF
EDGEWATER, FLORIDA, ADOPTING MID YEAR YEAR
BUDGET ADJUSTMENTS TO THE 2011 -2012 FISCAL
YEAR BUDGET AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Edgewater, by Resolution 2011 -R -19, adopted an operating
budget for Fiscal Year 2011 -2012; and
WHEREAS, the City Manager performed an extensive midyear review of the revenue
and expenditure figures for each fund to compare the current amounts with the amount budgeted;
and
WHEREAS, the midyear budget adjustments decrease revenues and expenditures in total
by $3,088,094; and
WHEREAS, the midyear budget adjustments will allow the City of Edgewater to adjust
the Fiscal Year 2011 -2012 budget.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY
Section 1. Midyear Budget Adjustment: The City Council of the City of Edgewater
amends the Fiscal Year 2011 -2012 budget by revising the budget in total to $36,004,327
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.
2012 -R -10 1
After motioc approve was made by0m nri lmaA toy, with Second
byLaWmn The vote on this resolution is as follows:
40
AYE NAY
Mayor Mike Thomas
Councilman Justin A. Kennedy
x
Councilwoman Gigi Bennington
Councilman Mike Ignasiak
Councilman Gene Emter
PASSED AND DULY ADOPTED this 14th day of May, 2012.
ATTEST:
i'jnnnt-i4 if Ioil u 0
Bonnie Wenzel
For the use and reliance only by the City of
Edgewater, Florida. Approved as to form
and legality by:
Aaron R. Wolfe, Esquire
City Attorney
Doran, Sims, Wolfe, & Kundid
CITY COUNCIL OF THE
CITY OF EDGEW A WER, FLORIDA
BY:
ike Thom6s
Mayor
Robin L. Matusick
Paralegal
Approved by the City Council of the City of
Edgewater at a meeting held on this 14th
day of May, 2012 under Agenda Item No.
8
MID YEAR SUMMARY OF FUNDS
MID YEAR
REVENUES AND EXPENSES FY 2011 - 2012 Adopted / B.A. REVENUES EXPENDITURES Variance
001 - GENERAL FUND $ 11,971,422 $ 11,971,422 $ 11,971,422 $ -
105 - ANIMAL SERVICES $ 272,616 $ 272,616 $ 272,616 $ -
113 - LAW ENFORCEMENT BLOCK $ 10,034 $ 10,034 $ 10,034 $ -
115 - SPECIAL LAW ENFORCEMENT TRUST FUND $ 73,815 $ 68,521 $ 68,521 $ (5,294)
116 - TRANSPORTATION IMPACT FEE $ 52,284 $ 386,100 $ 386,100 $ 333,816
117 - POLICE IMPACT FEE FUND $ 143,603 $ 143,641 $ 143,641 $ 38
118 - FIRE IMPACT FEE FUND $ 226,223 $ 11,570 $ 11,570 $ (214,653)
119 - RECREATION IMPACT FEE $ 150,713 $ 170,000 $ 170,000 $ 19,287
120 - SCHOLARSHIP FUND $ 1,000 $ 5,500 $ 5,500 $ 4,500
205 - I & S DEBT SERVICE FUND $ 35,191 $ 37,531 $ 37,531 $ 2,340
331 - CAPITAL PROJECTS FUND $ 1,770,306 $ 2,901,345 $ 2,901,345 $ 1,131,039
440 - WATER & SEWER $ 8,231,380 $ 8,231,380 $ 8,231,380 $ -
442 - WATER DEVELOPMENT $ 419,736 $ 429,386 $ 429,386 $ 9,650
443 - SEWER DEVELOPMENT $ 284,441 $ 294,571 $ 294,571 $ 10,130
444 - RENEWAL & REPLACEMENT $ 162,066 $ 619,747 $ 619,747 $ 457,681
445- WATER & SEWER RATE STABILIZATION $ 500,000 $ 1,062,789 $ 1,062,789 $ 562,789
447 - REFUSE $ 3,187,229 $ 3,089,978 $ 3,089,978 $ (97,251)
448 - STORMWATER OPERATING $ 1,422,100 $ 1,672,526 $ 1,672,526 $ 250,426
449 - STORMWATER CAPITAL $ 291,415 $ 291,415 $ 291,415 $ -
450 - PUBLIC WORKS COMPLEX $ - $ 550,000 $ 550,000 $ 550,000
501 - MIS $ 313,326 $ 324,317 $ 324,317 $ 10,991
502 - FLEET $ 794,235 $ 827,419 $ 827,419 $ 33,184
503 - LOSS FUND $ 327,616 $ 376,633 $ 376,633 $ 49,017
504 - FULLY INSURED INSURANCE $ 2,056,547 $ 2,036,951 $ 2,036,951 $ (19,596)
505 - WORKERS COMPENSATION $ 218,935 $ 218,935 $ 218,935 $ -
TOTAL ALL FUNDS $ 32,916,233 $ 36,004,327 $ 36,004,327 $ 3,088,094