Laserfiche WebLink
<br />Preview <br /> <br />Page 1 of 4 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />MinaI Shah, Assistant City Manager-Finance <br /> <br />DATE: <br /> <br />10/14/2010 <br /> <br />RE: <br /> <br />Proposed Budget Amendments-Fourth Quarter <br /> <br />RECOMMENDATION: <br /> <br />It is recommended that the City Commission approve the Fiscal Year 2009/2010 fourth quarter <br />budget amendment to ensure budgetary compliance. <br /> <br />REASONS: <br /> <br />The amendment is necessary to ensure compliance with unanticipated changes to FY 2009/2010 <br />Budget. <br /> <br />General Fund (lQ) <br /> <br />There is an increase of $260,200 in unanticipated charges to operating expenses, including: <br /> <br />A. Professional Consulting Services ($10,000) <br /> <br />B. Retirement Payout ($20,000) <br /> <br />C. Outside Legal Services ($60,000) - Increase due to appellate litigation related to Publix and <br />Temple B'Nai Zion. Please note that the City will be able to recover its fee against the Temple <br />pursuant to a court order. <br /> <br />D. Property Taxes for Calendar Year 2010 ($120,000) <br /> <br />E. Photocopier rental agreement ($50,000) <br /> <br />F. Debt Service Fees ($200) <br /> <br />The increase in expenditures will be balanced by funds from Building Department's and Pelican <br /> <br />http://sibagenda.sibfl.netlagenda/Preview .aspx?I temID=3 60&MeetingID=0&MeetingDate... 10/8/2010 <br />