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CASSELBERRY CITY COMMISSION <br />Minutes of January 12, 2015 — Regular Meeting <br />Page 7 of 19 <br />Budget Impact: Approval of Budget Amendment #15 -019 wil <br />Light fund: <br />Freight & Postage 120- 0710 - 541.742 -00 <br />Special Assessment/Service Charge 120- 0000 - 325.20 -00 <br />Repairs & Maintenance /Service Charge 120- 0710 - 541.46 -00 <br />Transfer in fi•om General Fund 120- 0000 - 381.20 -00 <br />l change the following accounts in the Street <br />$ 1,823 Increase <br />$ 64,129 Increase <br />$ 35,000 Increase <br /><$27,306> Decrease <br />And change the following accounts in the General Fund: <br />Transfer to Streetlight Fund 001 - 0190 - 581.91 -12 <$27,306> Decrease <br />Contingency Reserve 001- 0190 - 519.58 -00 $27,306 Increase <br />BA #15 -019 <br />Explanation of Request: This Budget Amendment seeks Commission approval for an adjustment to the FY <br />2015 Street Light Fund Budget. At the time that the FY 2015 budget was prepared, the Street Light rate study <br />was still in process and changes in rates or expenditures were not certain. Therefore, the FY 2015 budget was <br />prepared with certain assumptions. Adoption of the Street Lighting Final Rate Resolution #14 -2650 on <br />September 8, 2014 changed the street light rates and subsequent revenue and expenditure expectations, <br />necessitating this Amendment. <br />Account Number Account Description Amount <br />Increase: <br />120 - 0710 - 541.42 -00 <br />Street Light/Freight and Postage <br />$ 1,823 <br />120 - 0000 - 325.20 -00 <br />Special Assessment/Service Charge <br />$64,129 <br />001 - 0190 - 519.58 -00 <br />Contingency Reserve <br />$27,306 <br />120- 0710 - 541.46.00 <br />Street Light/Repair and Maintenance <br />$35,000 <br />Decrease: <br />001- 0190 - 581.91 -12 <br />Transfer to Fund 120 <br />$27,306 <br />120 - 0000 - 381.20 -00 <br />Transfer from Fund 001 <br />$27,306 <br />Recommendation: The City Manager and the Finance Director recommended approval of Budget <br />Amendment 15 -019. <br />H. Budget Amendment #15 -021 — Recognition of Revenue from Seminole Count's <br />Affordable Housing Grant <br />Introduction: Budget Amendment # 15 -021 provides for the recognition of revenue in the amount of $51,050 <br />from Seminole County's Affordable Housing Grant (HOME) to the City of Casselberry. <br />Background: On October 28, 2013 the City of Casselberry, in partnership with Habitat for Humanity, was <br />awarded a Seminole County Affordable Housing Grant for the construction of two homes. The funding is <br />