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8' } F L'O" � 1W <br />flP 9F 5'JR 1A <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Tiffany D. Neely, Finance Director <br />DATE: March 21, 2024 <br />RE: Budget Amendment BA2324-01 <br />RECOMMENDATION: <br />Staff recommends approval of this ordinance. <br />REASONS: <br />Budget Amendment BA2324-01 records the following necessary budget transactions: <br />A. Record unaudited fund balance carryovers as of 09/30/2023 for all funds except Stormwater <br />funds ($13M includes the ARPA funding of $4.6M). <br />B. Record purchase order carryovers from 09/30/2023 to 10/01/2023 for all funds ($7.1M). <br />C. Record routine transfers between existing budgeted accounts to account for actual expenditure <br />needs for FY 2023-2024. <br />D. Record transfers in from ARPA fund to move interest earnings from ARPA fund to General Fund <br />($119k). <br />E. Add funds to supplies for Israel support ($3.4k). <br />F. Increase transfers out to the Capital Projects Fund for Cl P purchase order carryovers ($3.1M). <br />G. Add funds for Navarro property taxes ($95k -property tax reimbursement paid by lessee as rental <br />revenue). <br />H. Add funds for a gym curtain divider and shade cover replacements at Heritage Park, Town Center <br />Park and Gateway Park due to severe wind and rain damage ($65k). <br />I. Record transfers out to General Fund to move interest earnings from ARPA fund to General Fund <br />($119k). <br />J. Record capital project budget carryovers as of 9/30/2023 to 10/01/23 (project allocation only - <br />$13.7M budgeted). <br />Item Number: 9.A <br />13 <br />