CC Minutes 09/23/2013 - Laserfiche WebLink

Home Browse Search

CASSELBERRY CITY COMMISSION Minutes of September 23, 2013 — Regular Meeting Page 6 of 17 Account Number Account Description Amount Increase: 001 - 0210 - 515.62 -25 Building Improvements $8,400 Decrease: 001 - 0210 - 515.49 -00 Other Current Charges and $8,400 Obligations Recommendation: The City Manager and the Interim Community Development Director recommended approval of the restroom renovations and related Budget Amendment #13 -067. H. Transfer of Road Impact Fee Funds and Related Budget Amendment #13 -071 Introduction: This item provides for consideration to transfer $156,575 of Road Impact Fees collected in the Road Impact Fee Fund to the Local Option Gas Tax (LOGT) Fund to utilize for debt service payments related to the Plumosa Avenue at U.S. 17 -92 Intersection Improvements project and related Budget Amendment #13- 071. Budget Impact: Approval of Budget Amendment #13 -071 will increase the Road Impact Fee Fund account #111- 0710 - 581.10 -90 and account #111-0000-389.90-00 by $156,575. The LOGT fund account #109-0000- 381.10-90 will increase by $156,575 and account #109- 0000 - 389.90 -00 will decrease by $156,575. BA #13 -071 Explanation of Request: This item seeks City Commission approval to transfer road impact fee funds to the Local Option Gas Tax Fund to offset debt service payments for FY 2013 related to the Plumosa Avenue at U.S. 17 -92 Intellection Improvements Project completed in FY 2009. Account Number Account Description Amount Increase: 111- 0710 - 581.10 -90 Transfer to Local Option Gas Tax $156,575 111- 0000 - 389.90 -00 Other Operating Sources $156,575 109- 0000 - 381.10 -90 Transfer from Road Impact Fee Fund $156,575 Decrease: 109- 0000 - 389.90 -00 Other Operating Sources $156,575 Recommendation: the City Manager and the Finance Director recommended approval to transfer $156,575 from the Road Impact Fees Fund to the Local Option Gas Tax Fund and related Budget Amendment #13 -071.