|
|
Type:
|
Budget Resolution
|
Status:
|
Passed
|
|
On agenda:
|
5/2/2023
|
Final action:
|
5/2/2023
|
|
Title:
|
Adopt Budget Resolution 2023-137 amending the Fiscal Year 2022 - 2023 budget to provide a supplemental appropriation to reconcile cash balance forward accounts and for the continuation of projects not completed in Fiscal Year 2021 - 2022 in the amount of $77,167,433
|
Submitted By: Cindy Krepps
presenter
Presentation By: Tammi Haslam
end
Department: Budget
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2023-137 amending the Fiscal Year 2022 - 2023 budget to provide a supplemental appropriation to reconcile cash balance forward accounts and for the continuation of projects not completed in Fiscal Year 2021 - 2022 in the amount of $77,167,433
end
OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
At the end of fiscal year 2021-2022, the City had outstanding purchase orders for goods and services for which vendor invoices had not yet been received. Under existing accounting procedures, these purchase orders were carried forward into the current fiscal year.
Departments requested re-appropriation of unencumbered funds for specific projects in various stages of completion at the end of fiscal year 2021-2022, including capital improvement projects.
Budgeted fiscal year 2022-2023 cash balance forward accounts must be reconciled to ending fiscal year 2021-2022 balances with the closing of the prior fiscal year.
FINDINGS AND CONCLUSIONS:
At the end of fiscal year 2021-2022, departments were in various stages of completion for planned capital improvements and approved contractual relationships. A line-by-line detail is attached as an exhibit. The carry forward of funds will allow for the continuation of these projects.
FISCAL IMPACT:
$77,167,433 is available and requested for re-appropriation from fiscal year 2021-2022 to fiscal year 2022-2023 to complete projects that were budgeted in the prior fiscal year; to support new areas that have evolved since the budget was adopted; and to reconcile cash balance forward accounts for all funds.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
None.
BUDGET RESOLUTION 2023-137
A Resolution amending the Fiscal Year 2022 - 2023 budget to provide a supplemental appropriation to reconcile cash balance forward accounts and for the continuation of projects not completed in Fiscal Year 2021 - 2022 in the amount of $77,167,433
WHEREAS, on September 30, 2022, outstanding purchase orders for goods and services for which vendor invoices had not been received could not be expensed, necessitating a carryover of previously approved and adopted appropriations to the current budget; and
WHEREAS, requests to re-appropriate funds to cover specific projects originally budgeted, but not encumbered in fiscal year 2021-2022, into the current budget have been reviewed by city management; and
WHEREAS, budgeted cash balance forward accounts must be reconciled to actual fiscal year 2021-2022 ending balances; and
WHEREAS, funds are available to support this supplemental appropriation; and
WHEREAS, the attached exhibit describes the requested amendments in detail.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the fiscal year 2022-2023 budget be amended providing for this supplemental appropriation, as summarized herein.
FY2022-2023 SUPPLEMENTAL APPROPRIATION SUMMARY
|
|
FY2022-2023 |
|
FY2022-2023 |
|
Budget Recap |
Current |
Supplemental |
Amended |
|
All Funds |
Budget |
Appropriation |
Budget |
|
GENERAL FUND |
146,691,956 |
15,072,438 |
161,764,394 |
|
3/4 MILL ROAD IMPROVEMENTS |
5,802,814 |
3,182,377 |
8,985,191 |
|
FIRE/POLICE IMPROVEMENTS |
4,159,993 |
106,826 |
4,266,819 |
|
PARKING FUND |
292,673 |
116,966 |
409,639 |
|
FIRE IMPACT FEES |
1,608,278 |
140,933 |
1,749,211 |
|
1/8 MILL NEIGHBORHOOD ENHANCEMENTS |
1,671,077 |
289,720 |
1,960,797 |
|
LOCAL GASOLINE TAX |
6,713,768 |
1,823,183 |
8,536,951 |
|
DOWNTOWN DEVELOPMENT |
381,900 |
38,910 |
420,810 |
|
INFRASTRUCTURE SALES SURTAX |
21,673,602 |
11,085,684 |
32,759,286 |
|
STORMWATER UTILITY |
14,855,101 |
3,951,091 |
18,806,192 |
|
CAP IMP CERT SKG-2007A/2015 |
3,395,220 |
1,050 |
3,396,270 |
|
REV BD (BANK LOAN) SERIES 2 |
2,316,313 |
20,758,862 |
23,075,175 |
|
CAP IMP CERT SNKG-2002/2012 |
924,510 |
2 |
924,512 |
|
DEBT SVC SINKING FUND-WTR & SWR |
12,325,116 |
(961,286) |
11,363,830 |
|
DEBT SVC SINKING FUND-ELECTRIC |
7,991,911 |
(679,914) |
7,311,997 |
|
WATER & SEWER CONSTRUCTION FUND |
3,875,700 |
13,461,756 |
17,337,456 |
|
ELECTRIC CONSTRUCTION FUND |
8,359,600 |
11,416,931 |
19,776,531 |
|
OCALA INTERNATIONAL AIRPORT |
3,283,665 |
337,875 |
3,621,540 |
|
GOLF |
2,277,848 |
366,419 |
2,644,267 |
|
SANITATION |
21,676,793 |
4,885,922 |
26,562,715 |
|
WATER RESOURCES FUND |
46,907,912 |
2,821,762 |
49,729,674 |
|
ELECTRIC |
202,253,005 |
21,030,596 |
223,283,601 |
|
OCALA FIBER NETWORK |
10,656,734 |
3,508,774 |
14,165,508 |
|
CAPITAL REPLACEMENT RESERVE |
1,100,000 |
5,441 |
1,105,441 |
|
POLICE TRUST AND AGENCY |
334,634 |
747,988 |
1,082,622 |
|
WTR SYST DEV CHGS CAPITAL TRUST |
2,976,352 |
951,276 |
3,927,628 |
|
SWR SYST DEV CHGS CAPITAL TRUST |
11,701,492 |
4,709,913 |
16,411,405 |
|
RECREATION SPECIAL ACTIVITIES |
16,882 |
147,203 |
164,085 |
|
EAST OCALA REDEVELOPMENT SUBAREA |
1,106,630 |
769,820 |
1,876,450 |
|
DOWNTOWN REDEVELOPMENT SUBAREA |
921,261 |
1,221,825 |
2,143,086 |
|
NORTH MAGNOLIA REDEVEOP. SUBAREA |
646,066 |
1,047,631 |
1,693,697 |
|
WEST OCALA REDEVELOPMENT SUBAREA |
1,741,814 |
1,022,198 |
2,764,012 |
|
DISABILITY INCOME REPLACE. SELF-INSUR |
65,350 |
1,668 |
67,018 |
|
GENERAL LIABILITY CLAIMS FUND |
3,408,378 |
652,116 |
4,060,494 |
|
EMPLOYEES' CONSOLIDATED HEALTH INSUR |
22,780,502 |
(754,560) |
22,025,942 |
|
EMP CONS WRKER'S COMP TRUST |
9,881,424 |
477,236 |
10,358,660 |
|
GENERAL EMPLOYEES' RETIREMENT |
198,990,060 |
(23,867,988) |
175,122,072 |
|
FIREFIGHTERS' RETIREMENT |
94,067,030 |
(12,142,657) |
81,924,373 |
|
POLICE OFFICERS' RETIREMENT |
93,766,432 |
(11,780,623) |
81,985,809 |
|
ELECTRIC SYSTEM R & R |
2,625,564 |
311,160 |
2,936,724 |
|
WATER & SEWER SYSTEM R & R |
1,566,626 |
115,129 |
1,681,755 |
|
ECONOMIC INVESTMENT PROGRAM |
2,090,853 |
775,780 |
2,866,633 |
|
TOTALS |
979,882,839 |
77,167,433 |
1,057,050,272 |
This resolution adopted this ______ day of ______________________, 2023.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs James P. Hilty Sr.
City Clerk President, Ocala City Council
Approved as to form and legality:
By: _________________________________
William E. Sexton
City Attorney
Reviewed for accounting accuracy & completeness:
By: _________________________________
Peter A. Lee
City Manager
|