HomeMy WebLinkAboutReso 2009-1474
RESOLUTION NO. 2009- ~
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
SUNNY ISLES BEACH, FLORIDA, APPROVING BUDGET
AMENDMENT NO. BA0809-004 TO FISCAL YEAR 2008/2009
BUDGET; MAJOR AMENDMENT: ESTABLISHING THE INITIAL
BUDGET FOR FISCAL YEAR 2008/2009 FOR THE LAND BANK
FUND OF TWENTY MILLION FIFTEEN THOUSAND DOLLARS
(20,015,000); MINOR AMENDMENTS: TRANSFERRING FUNDS
WITHIN THE HUMAN RESOURCES BUDGETED ACCOUNTS;
AUTHORIZING THE CITY MANAGER TO DO ALL THINGS
NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, the City Commission has directed staff to provide for new and/or additional
goods and services that were not contemplated in the approved Fiscal Year 2008/2009 Budget;
and
WHEREAS, the implementation of these new and/or additional goods and services
requires certain budget amendments to the Fiscal Year 2008/2009 Budget.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
Section 1. Approval of Budget Amendments. The City Commission hereby approves
Budget Amendment No. BA0809-004, for Fiscal Year 2008/2009 adopted budget:
Maior Amendments:
Establish the initial budget for Fiscal Year 2008/2009 for the Land Bank Fund, based on planned
property acquisitions to date ($20,015,000). The budget amendments will provide the following
revenue and expense budgets for the Land Bank Fund for Fiscal Year 2008/2009:
City of Sunny Isles Beach
Lan ank Fund - Budget Amendment for FY 2009
Current Current FY
REVENUES FY Additional Total FY 08/09
Account Amended YTD Pct Projected Projected Current FY Next FY
Number Account Name Budget Actual Used Revenue Revenue Over/(Underl Budget
337- SNP/GOS County
300 Grants 0 0 0 0 0 0 0
361-
100 Interest 0 0 0 0 0 0 15,000
382- Transfers from
100 General Fund 0 0 0 0 0 0 0
384-
000 Loan Proceeds 0 0 0 0 0 0 20,000,000
389- Fund Sal Carry
900 Forward 0 0 0 0 0 0 0
TOTAL REVENUES 0 0 0 0 0 0 20,015,000
dB
R2009. Budget Amendment No BA0809.004 FY 08.09 Page I of 2
Current Current FY
EXPENSES FY Additional Total FY 08/09
Amended YTD % Projected Projected Current FY Next FY
Account Account Name BudQet Actual Used EXDense EXDense (Overl/Under Budaet
Land Acquisition -
5652C Other 0 0 0 0 0 0 16,800,000
5990 ContinQency 0 0 0 0 0 0 3,215,000
TOTAL EXPENSES 0 0 0 0 0 0 20,015,000
Minor Amendments:
Transfer funds within the Human Resources budgeted accounts to cover expenses related to
rofessional services that were not contem lated in the bud et.
Transfer from Descri tion Amount Transfer to
10-518-5450 Insurance $60,000 10-518-5317
Descri tion
Professional
Services
Amount
$60,000
10-518-5480 Advertisin
Total
$20,000
$80,000
$20,000
$80,000
Section 2. Authorization of City Manager. The City Manager is hereby authorized to do all
things necessary to effectuate this Resolution.
Section 3.
Effective Date. This Resolution will become effective upon adoption.
PASSED AND ADOPTED this 17th day of September 2009.
ATTEST:
~~A:~
Jane A. Hines, CMC, City Clerk
Moved by:
Seconded by:
(i~~ 5::c..\l()LL
V\U M(f'" TH~
Vote: ~~
Mayor Edelcup
Vice Mayor Thaler
Commissioner Brezin
Commissioner Goodman
Commissioner Scholl
v (Yes)
V (Yes)
::::: (Yes)
_(Yes)
~(Y es)
_(No)
_(No)
_(No)
_(No)
_(No)
R2009- Budget Amendment No BA0809-004 FY 08-09 Page 2 of 2
Preview
Page 1 of 1
City of Sunny Isles Beach
18070 Collins Avenue
Sunny Isles Beach, Florida 33160
(305) 947-0606 City Hall
(305) 949-3113 Fax
MEMORANDUM
TO:
The Honorable Mayor and City Commission
FROM:
Doug Haag, Assistant City Manager - Finance
DATE:
9/17/2009
RE:
BUDGET AMENDMENT-LAND BANK FUND
RECOMMENDATION:
Approve the attached budget amendments that were initially presented for discussion
purposes at the budget workshop on August 10,2009.
REASONS:
This establishes the initial budget for FY 2008/09 for the Land Bank Fund, based on
planned property acquisitions to date. Accordingly, we have also adjusted the FY
2009/10 Proposed Budget that was submitted to you for the public hearings.
The minor budget amendments are within the budgeted accounts of the Human
Resources Department to cover expenses related to professional services that were not
contemplated in the approved FY 2008/09 adopted budget.
ATTACHMENTS:
. Resolution
http://sibagenda.sibfl.netJagenda/Preview .aspx?I temID=7 5&MeetingIJ
Agenda Item I D R
,
Date <t:JJ - 0 c,