LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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SUPPLEMENTAL BUDGET RESOLUTION NO. 2022-102 - FINAL AMENDMENT TO THE FISCAL YEAR 2022 BUDGET
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RECOMMENDATION:
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That City Council adopt Supplemental Budget Resolution No. 2022-102
A RESOLUTION AUTHORIZING AND MAKING REVISIONS AND APPROPRIATIONS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2022; PROVIDING FOR AN EFFECTIVE DATE.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
In order to maintain a balanced budget, supplemental budget resolutions need to be approved by City Council during the course of a fiscal year. According to Florida Statute 166.241, the governing body of a municipality may, within up to 60 days following the end of the fiscal year, amend a budget for that year. The attached resolution includes final budget adjustments for Fiscal Year 2022 that require Council action.
Within Sanitation Fund, Revenues have been adjusted based on actual amounts received. Expenditures of $175,000 have been appropriated within Operating Expenses to provide sufficient funding for the remainder of the fiscal year.
Revenues in the Port Fund have been adjusted based on actual amounts received. Expenditures of $212,661 have been appropriated within Operating Expenses to provide sufficient funding for the remainder of the fiscal year.
PRIOR ACTION:
September 15, 2021 - City Council formally adopted a beginning FY 2022 Budget on Budget Resolution No. 2021-71
November 18, 2021 - City Council adopted Supplemental Budget Resolution No. 2021-89, covering purchase orders payable
December 16, 2021 - City Council adopted Supplemental Budget Resolution No. 2021-106, covering unencumbered carryovers
FUNDING:
N/A
FINANCIAL IMPACT:
All appropriations of City funds in the supplemental budget resolution are covered by fund balances, shifts in expenses, or changes in revenues. Adoption of the supplemental budget resolution provides for a balanced budget for Fiscal Year 2022.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
10/31/2022
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Miller, Deputy City Administrator - Administration & Enterprise
Amy Lovoy, Finance Director
ATTACHMENTS:
1) Supplemental Budget Resolution No. 2022-102
2) Supplemental Budget Explanation No. 2022-102
PRESENTATION: No end