2016-R-34 RESOLUTION 2016-R-34
A RESOLUTION OF THE CITY COUNCIL OF
EDGEWATER, FLORIDA, AMENDING THE 2016-2017
FISCAL YEAR BUDGET AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Edgewater. by Resolution 2016-R-29, adopted an operating
budget for Fiscal Year 2016-2017; and
WHEREAS, the budget adjustment increase revenues and expenditures in total pursuant
to itemizations contained in Exhibit"A"which is attached hereto and incorporated herein;and
WHEREAS, the budget adjustments will allow the City of Edgewater to adjust the Fiscal
Year 2016-2017 budget.
NOW,THEREFORE,be it resolved by the City Council of Edgewater, Florida.
Section 1. Amended Budeet: The City Council of the City of Edgewater amends the
Fiscal Year 2016-2017 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.
420t6-12-34
^� After motion to approve was made by J with Second by
"est ix-1J . The vote on this resolution is as follows:
•
AYE NAY
Mayor Michael Ignasiak
Councilwoman Christine Power
Councilwoman Gigi Bennington
Councilman Daniel Blazi
Councilman Gary Conroy
PASSED AND DULY ADOPTED this 3`d day of October,2016.
ATTEST: CITY COUNCIL OF THE
CITY OF EDGEWATER,FLORIDA
)//ed4 ' _,
B
Robin L.Matusick Michael Ignasia 7
City Clerk/Paralegal Mayor
For the use and reliance only by the City of Approved by the City Council of the City of
Edgewater,Florida. Approved as to form Edgewater at a meeting held on this 3rd day
and legality by: of October, 2016 under Agenda item No.
Aaron R. Wolfe, Esquire .
City Attorney
Doran, Sims,Wolfe,Kundid,
Ciocchetti& Wagner
2
#2016-R•34
AMENDED FINAL FY 2016 - 2017 BUDGET
REVENUES AND EXPENSES FY 2016 -2017 REVENUE EXPENSES VARIANCE
001 -GENERAL FUND $ 15,054,648 S 15,054,648 $ -
113 -LAW ENFORCEMENT BLOCK $ 2,750 $ 2,750 $ -
114-GRANTS FUND $ 257,000 $ 257.000 $ -
115-SPECIAL LAW ENFORCEMENT TRUST FUND $ 24,000 $ 24,000 $ -
116 -TRANSPORTATION IMPACT FEE $ 105,200 $ 105,200 $ -
117 - POLICE IMPACT FEE FUND 5 72.504 $ 72,504 $ -
118 -FIRE IMPACT FEE FUND $ 85,015 $ 85,015 $ -
119 -RECREATION IMPACT FEE $ 125,146 $ 125,146 $ -
120 -SCHOLARSHIP FUND $ 5,000 $ 5,000 $ -
125 -EDGEWATER CRA $ 51,242 $ 51,242 $ -
205-I&S DEBT SERVICE FUND $ 179,217 $ 179,217 $ -
331 -CAPITAL PROJECTS FUND $ 6,733,382 $ 6,733,382 $ -
440 -WATER&SEWER $ 10,397,920 $ 10,397,920 $ -
442 -WATER DEVELOPMENT $ 315,500 $ 315,500 $ -
443 -SEWER DEVELOPMENT $ 426,500 $ 426,500 $ -
444-RENEWAL& REPLACEMENT $ 3,060,464 $ 3.060,464 $ -
445-WATER&SEWER RATE STABILIZATION $ 1,144,914 $ 1,144,914 5 -
447-REFUSE $ 3,567,596 $ 3,567,596 $ -
448-STORMWATER OPERATING $ 1,637,271 $ 1,637,271 $ -
450-PUBLIC WORKS COMPLEX $ 126,179 $ 126,179 $ -
501 -MIS $ 665,070 $ 665,070 $ -
502-FLEET $ 942,880 $ 942,880 $ -
503-LOSS FUND $ 310,086 $ 310,086 $ -
504-FULLY INSURED INSURANCE $ 2,584,630 $ 2.584,630 $ -
505-WORKERS COMPENSATION $ 340,000 $ 340,000 S -
TOTAL ALL FUNDS $ 48,214,114 $ 48,214,114 S -
.0t;v1(.
October 3rd,2016
John McKinney
City of Edgewater
104 N. Riverside Drive
Edgewater,FL 32132
Dear John:
Thank you for the opportunity to propose lease figures for your upcoming equipment acquisition.
As you know,American Capital is a leader in providing equipment lease and finance options for
Schools and Municipalities.
Our expertise in the Education/Municipal Leasing Marketplace is noted by dozens of
administrators ranging from Superintendents to Business Managers to Directors of Technology.
The lease options listed below are based upon final credit approval and spread over like term
market indexes.
Equipment Term Payment Amount Rate Fees Being
Cost Charged
$495,511.00 5 years,Annual $105,231.18/yr 2.015% $0
Payments in Arrears
Your absolute satisfaction and positive relationship with American Capital is extremely important
to us.
If you have any questions,please ask.Our team looks forward to working further with the City of
Edgewater.
Regards,
Jason Marquardt
Executive Vice President
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