HomeMy WebLinkAboutR-2011-081 - Authorized Creation of Beach Pier Enterprise Fund; Loan of Initial Operating Capital Funds from General Fund & Approved Pier Enterprise Budget Appropriations for FY ending 9/30/2011 RESOLUTION NO. 2011-081
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING CREATION OF A BEACH PIER
ENTERPRISE FUND; LOAN OF INITIAL OPERATING CAPITAL FUNDS
FROM THE GENERAL FUND, AND APPROVAL OF PIER ENTERPRISE
BUDGET APPROPRIATIONS FOR THE FISCAL YEAR ENDING
SEPTEMBER 30, 2011; PROVIDING FOR CONFLICTS; FURTHER,
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Commission will begin operating the Dania Beach Pier facility
beginning July 14, 2011; and
WHEREAS, it is appropriate for the City to operate this facility as a business enterprise
fund whereby user fees are intended to pay for all costs of operation and maintenance, and
WHEREAS, the Administration has taken necessary and appropriate steps to allow
transition of existing contractor operations at the Pier to allow a seamless, uninterrupted
transition of operations on July 14, 2011 that will require provision of start-up funds that shall be
used for costs of Pier operations, establishing Pier utility service accounts, purchasing necessary
equipment and operating materials, and purchasing necessary merchandise for resale (such as
bait, drinks, snacks and fishing supplies);
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the City Commission of the City of Dania Beach authorizes and
directs creation of a Beach Pier Enterprise Fund as City fund #405 that shall account for all
financial activities, fund transfers, receipts and costs related to operations of the Beach Pier.
Section 2. That the Commission ratifies and approves the Pier operating expenditures
that have been incurred and approved by the City Manager through the current date as being
necessary and prudent for transition of the Pier operations to the City.
Section 3. That an initial loan of$50,000.00 shall be made from the General Fund
contingency account into the Beach Pier Enterprise Fund to provide initial start-up funds for the
City's new operations. These funds shall be used for the purchase of necessary equipment,
goods, supplies, staffing and operating costs of the Beach Pier Enterprise Fund. This initial loan
shall be repaid to the General Fund if and when the Beach Pier Enterprise Fund is able to do so.
Section 4. That a budget appropriation is approved and adopted for the operation of
the Beach Pier Enterprise Fund for approximately 2 %Z months through September 30, 2011 as
follows:
Source of Funds:
Loan from General Fund $ 50,000
Pier Admittance Fees 35,000
Sale of goods (bait,refreshments, etc.) 10,000
Total Resources $95,000
Use of Funds:
Purchase of Operating Equipment $15,000
Utility Costs 14,000
Cost of Material Sales (ind initial inventory) 15,000
Repairs &Maintenance 13,000
Personnel Costs 38,000
Total Uses $95,000
Section 5. That this Resolution shall be in force and become effective immediately
upon its passage and adoption.
PASSED AND ADOPTED on August 9, 2011.
4,z-,
PATRICIA A. FLURY
MAYOR
ATTEST:
'S FIRST
LOUISE STILSON, CMC
CITY CLERK
APPROVED AS FORM AND CORRECTNESS:
R
TH MAS . ANSBRO
CITY ATTORNEY
2 RESOLUTION#2011-081