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CASSELBERRY CITY COMMISSION Minutes of January 28, 2013 — Regular Meeting Page 8 of 18 Budget Impact: There is no immediate impact to the City Budget. However, if the grant is awarded and accepted, the City would need to substantiate the match pursuant to its application. Match funds are proposed to be a combination of Tree Fund dollars (already planned to be spent as part of the Green Up Casselberry/Neighborhood Improvement Programs) and in-kind staff time/routine operating expenses. The proposed match, though not required, will add weight to the application and its likelihood to be awarded. Because the match is from "in-kind" contributions and spending that is already programmed and budgeted it will not add any additional financial burden to the City. Should the City receive a grant award, a detailed budget amendment recognizing the revenue and the cost allocations would be brought before the City Commission at a future date. Recommendation: The City Manager and the Public Works Director recommended approval to submit the TD Green Streets grant application to the Arbor Day Foundation and TD Bank. Budget Amendment #13-029 — Fiscal Year 2012 to 2013 Budget Rollover Introduction: Consideration to amend the Fiscal year 2012/2013 Approved Budget to allow for the completion of ongoing projects and the purchase of equipment or services that were budgeted in Fiscal Year 2011-2012 which were not started or completed within that fiscal year in the amount of $9,038,746 is requested. - Budget Impact: Budget Amendment #13-029 serves to amend the 2012/2013 Approved Budget to re - appropriate a total of $9,038,746 in spending previously approved for the FY 2011/2012 Budget. Funding will be provided out of Fund Balance reserves that represent unexpended appropriations from the prior year. The total drawn from all funds is $9,038,746. Also, revenue anticipated in FY 2012 but not collected is re - budgeted herein. Many projects are funded with grants or debt. The total to be re -budgeted for grants is $1,410,297 and for debt is $3,154,883. ARRA Grant proceeds receivable for the ongoing water improvement project is $1,178,838. A detailed listing by fund and account is attached to and made a part of these minutes. BA #13-029 Explanation of Request: This item seeks City Commission approval to rollover budgeted funds for items appropriated in FY2012 that will instead be expended in FY2013 except North Winter Park Drive Phase Il. Account Number Account Description Amount Increase: Various Expenditures (See attached) $9,038,746 Decrease: Various Fund Balance Carryover/Revenues $9,038,746 (See attached) Recommendation: The City Manager and the Finance Director recommended approval of Budget Amendment #13-029 in the amount of $9,038,746.