CC Minutes 11/14/2011 - Laserfiche WebLink

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CASSELBERRY CITY COMMISSION Minutes of November 14, 2011— Regular Meeting Page 5 of 23 Budget Impact: The Budget impact is as follows: Debt Service Fund: The Debt Service Fund requires $16,262.63 in supplemental budget. The restructuring of the debt brought forward to the Commission in July of 2011 was based on estimates provided by the financial institution. This amendment reflects the actual transaction associated with the debt restructuring. Infrastructure Surtax Fund: This fund requires $847.71 in supplemental budget for the accounting "true -up" of actual interest payments made on the Infrastructure Surtax Notes. Tree Replacement Fund: This fund requires the recognition of revenues and expenditures related to the partial settlement of the Garden World case in 2011. Miscellaneous revenues in the amount of $65,000 will be recognized as well as the related expenses of $55,505.94. The difference of $9,494.06 will flow in the fund balance of this fund. Street Light Assessment Fund: this fund requires $9,294.25 in supplemental budget for the setting of street poles. This amount should have been included in the rollover process from FY 2009 -10. General Fund — Non - Departmental: Reclassification of operating expense of $6,185 originally approved in Budget Amendment # 11 -018 to capitalize for expenditures related to the construction of security doors at City Hall. BA #11 -061 Explanation of Request: This budget amendment provides for recognition of certain one -time expenses and revenues resulting in minor budget adjustments. It should be noted that several of the adjustments are technical in nature, such as providing for the accounting "true -up" for expenditures previously approved by the Commission through a separate action. Account Number Account Description Amount Increase: 201- 0190 - 517.72 -08 Non - Departmental /Strn 2002 A $14,292.93 201 - 0190 - 517.72 -22 Non- Departmental /Strn 2002 B $ 1,969.70 201-0000-389.90-00 Other Non - Operating Sources $16,262.63 114- 0710 - 517.72 -20 Infrastructure Surtax Note 07A- Interest $ 582.43 114- 0710 - 517.72 -21 Infrastructure Surtax Note 0713- Interest $ 265.28 114 - 0000 - 389.90 -00 Other Non - Operating Sources $ 847.71 115- 0000 - 360.00 -00 Miscellaneous Revenue $65,000.00 115- 0210 - 515.46 -15 Repair & Maintenance /Tree Replacement $55,505.94 115- 0000 - 389.90 -00 Other Non - Operating Sources $ 9,494.06 120 - 0710 - 541.49 -00 Road /Other Current Charges $ 9,294.25 120 - 0000 - 389.90 -00 Other Non - Operating Sources $ 9,294.25 001 - 0190 - 519.67 -35 Equipment /Other $ 6,185.00