TO: Mayor and Commissioners
FROM: Hugh Dunkley, Chief Financial Officer
THROUGH: Terrence R. Moore, ICMA-CM
DATE: November 7, 2023
Title
RESOLUTION NO. 213-23 AMENDING THE FISCAL YEAR 2022-23 BUDGET ADOPTED BY RESOLUTION NO.157-22 ON SEPTEMBER 19, 2022
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Recommended Action:
Recommendation
Motion to Approve Resolution No. 213-23 amending the budget for Fiscal Year 2022-23 adopted on September 19, 2022.
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Background:
The purpose of this request is to amend the adopted Fiscal Year (FY) 2022-23 budget to account for items that were not anticipated, or measurable at the time of original budget adoption. Per Florida Statute (F.S.) 166.241, the City’s Adopted Budget may be revised with a Budget Amendment approved by the City Commission. Additionally, the governing body of each municipality at any time within a fiscal year or within 60 days following the end of the fiscal year may amend a budget for that year (F.S. 166.241 (7)). Provided below is a summary of the budget changes staff is recommending. The attached Resolution and Exhibit A provide details of the proposed changes.
General Fund (001) $481,000
1. Fire Rescue Department (FD) (22) - Overtime $355,000
Amend the FD budget to account for Overtime in the Operations Division due to vacancies.
Funding Source: Interest/ Investment Income
2. Miscellaneous Department (90) - Professional Fees $126,000
Amend the Miscellaneous Department budget to account for additional credit card merchant fees due to increases in revenues processed by credit card.
Funding Source: Franchise Fees
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Review:
Finance Department recommends approval.
Funding Source:
See Exhibit A appended to Resolution No. 213-23