TO: Mayor and Commissioners
FROM: Henry Dachowitz, Chief Financial Officer
THROUGH: Terrence R. Moore, ICMA-CM
DATE: May 20, 2025
Title
RESOLUTION NO. 92-25 AMENDING THE FISCAL YEAR 2024-25 BUDGET ADOPTED BY RESOLUTION NO.175-24 ON SEPTEMBER 16, 2024.
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Recommended Action:
Recommendation
Motion to Approve Resolution No.92-25 amending the Fiscal Year 2024-25 budget adopted on September 16, 2024.
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Background:
The purpose of this request is to amend the adopted Fiscal Year (FY) 2024-25 budget to account for items that were not anticipated, or measurable at the time of original budget adoption. Per Florida State Statute (FSS) 166.241, the City’s Adopted Budget may be revised with a Budget Amendment approved by the City Commission. 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) $339,594.17
- Fire
Additional funds are needed to purchase four (4) stretchers to replace existing ones that have reached their end of service life.
The transfer amount requested is $339,594.17
Funding Source: Fire Concurrency Fee collected in prior years and currently in a Deferred Revenue
Insurance Fund (551) $169,451.00
Due to the allocation of the new insurance carrier’s premium costs, a transfer is needed between GL Accounts
The transfer amount requested is $169,451.00
Funding Source: No change in the Insurance Fund
The attached Exhibit A provides details of the proposed changes.
City Attorney Review:
Approved as to form and legal sufficiency.
Funding Source/Financial Impact:
See Exhibit A appended to Resolution No. 92-25.
Timing of Request:
Approval of this request will properly amend the budget, as listed in Exhibit A.