The URL can be used to link to this page

Home My WebLink AboutR-2003-010 FY 03 budget amendment resolution RESOLUTION NO. 2003-010 A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA, TRANSFERING FUNDS FROM GENERAL FUND CONTINGENCY ACCOUNT TO INDIVIDUAL LINE ITEMS AND APPROPRIATING FUNDS IN THE TREE PRESERVATION FUND FOR THE FISCAL YEAR 2002-2003, AND PROVIDING THAT ALL RESOLUTIONS OR PARTS OF RESOLUTIONS IN CONFLICT HEREWITH BE REPEALED TO THE EXTENT OF SUCH CONFLICT; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the General Fund budget of estimated revenues and appropriations for expenditures for the fiscal year 2002-2003 has been approved by the City Commission of the City of Dania Beach, Florida; and WHEREAS, in the General Fund budget, a contingency fund of $634,512 is budgeted in the 2002-2003 budget; and WHEREAS, certain changes to said fiscal year budget of appropriations for expenditures are now necessary to fund for the Health Insurance Fund deficit as per actuary calculation , election expenses and commissioners insurance benefits; and WHEREAS, funding is needed for the landscape and grounds covering of the nearly completed police sub-station; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the General Fund Budget for the fiscal year 2002-2003 be hereby amended, as follows: 1 RESOLUTION NO.2003-010 SApproved Increase Revised FY 2003 Budget (Decrease) Budget General Fund Administration 001-12-0210-59-920 $634,512 ($590,172) $44,340 Contingency 001-12-0210-59-910 Transfer Out (to Insurance $512,000 $555,200 $1,067,200 Fund) Mayor & Commission 001-11-0100-51-230 $37,808 $13,872 $51,680 City Clerk's 001-12-0300-53-495 $19,000 $21,100 $40,100 Election ® Section 2. That the Tree Preservation Fund for the fiscal year 2002-2003 be hereby amended, as follows: Approved Increase Revised FY 2003 Budget Budget (Decrease) Tree Preservation Fund 608-30-3437-34-377 $0 $5,000 $5,000 Tree Revenue 608-37-1155-56-630 $0 $5,000 $5,000 Land Improvement Section 3. That this resolution shall be in force and take effect immediately upon its passage and adoption. PASSED AND ADOPTED THIS 28th day of January, 2003. 2 RESOLUTION NO.2003-010 7 ATTEST: --y ROB RT CHUNN, JR. MA OR - COMMISSIONER CHARLENE JO NSON CITY CLERK ROLL CALL: COMMISSIONER BERTINO - YES COMMISSIONER MCELYEA - YES COMMISSIONER MIKES - YES VICE-MAYOR FLURY - YES MAYOR CHUNN - YES APPROVED AS TO FORM AND CORRECTNESS.- BY.- �-T_ ._\ A mAt THQMAS J. -NSBR CITY ATTORNEY 3 RESOLUTION NO.2003-010 Agenda Request Form City of Dania Beach Agenda Item: 7* Date of Commission meeting: 1/28/2003 Description of Agenda Item: Appropriate Tree Preservation Fund and Transfers General Fund's Contingency Commission action being requested: Adopt Resolution or Ordinance ® Expenditure ❑ Award BID / RFP ❑ Presentation ❑ General approval of item ❑ Continued from meeting Other(Pleaseezplain)� �' � � Summary explanatjon and background The election expense, mayor and commissions' health insurance account and the Insurance Fund are short in funding then the original FY 2003 approved budget. A request of approval to transfer from • Contingency to fund these deficits. The police sub-station is near completion, and funding is needed for ground coverings and landscape which is not budgeted under the original project estimates. A ached exhibiit's antl additional backup materials (Please list): For purchasing requests ONLY Department: Amount: Fund: General: ❑ Water: ❑ Sewer: ❑ Stormwater: ❑ Grants: ❑ Capital: ❑ Account Name: Account Number: Submitted by: Date: Department Director.• Patricia Varney Date: 1/21/2003 Admin. Services Director. Date: 40 Finance Director: Patricia Varney Date: 1/21/2003 City Manager: IPato Date: 1/21/2003 CITY OF DANIA BEACH DEPARTMENT OF FINANCE s MEMORANDUM TO: Ivan Pato, City Manager Memo: DF-03-009 FROM: Patricia Varney, Director of Finance DATE: January 6, 2003 SUBJECT: Transfer from Contingency and appropriate Tree Preservation Fund expenses Purpose Request transfer from Contingency fund to fund certain expenses, and to appropriate expenses in the Tree Preservation Fund Background In FY 2003, the City budgeted 1.3 million dollars for the funding of the self-funded health insurance fund. It is required by Florida Statute that an actuarial calculation be performed within ninety days from the close of the fiscal year. According to the actuary calculation, the City contributions to the plan will be short by$555,200. The City received a letter from the Florida Department of Insurance indicating that the City is not in compliance and that immediate funding of$197,952 is required for the plan to comply with Florida Statute 112.06. The City budgeted $22,000 for advertising of the election and other election related expenses; however, the cost that the County indicated is $43,100, a short of$21,100. In December, the City Commission has clarified the insurance benefits for the Commissioners under Section 18-2. An additional funding of$13,872 is required to fund the benefits from January 1, 2003 to September 2003. The 803 Police Sub-station is close to completion. Staff is recommending to appropriate $5,000 from the Tree Preservation Trust Fund for the grinding of three trees stumps, planting of two palm tress, grounds covering, irrigation system and installing of brick pavers. Recommendation Staff is recommending the following transfers/appropriation: Transfers from Contingences City Clerk's Office—Elections Line Item: $21,100 City Commission Department - Health Insurance Line Item: $13,872 Health Insurance Fund: $555,200 . ` Budget Appropriation Tree Preservation Fund: $5,000