CC 10/30/2017 Minutes - Laserfiche WebLink

Home Browse Search

CASSELBERRY CITY COMMISSION Minutes of October 30, 2017 — Special Meeting Page 6 of 23 F. Budget Amendment #18-003 — Special Budgetary Rollover Introduction: Consideration of Budget Amendment #18-003 to amend the Fiscal Year 2017/2018 Approved Budget in the amount of $1,272,309 to allow for the completion of ongoing projects and the purchase of equipment or services that were budgeted in Fiscal Year 2016/2017 but were not started or completed within that fiscal year is requested. Discussion: The total to be re -appropriated is $1,272,309. The following is a breakdown by fund: Stormwater Utility Fund $ 32,262 Infrastructure Sales Surtax Fund $ 126,182 Water and Sewer Utility Fund $1,113,865 $1,272.309 Budget Impact: A detailed list of fiends and accounts is contained in the City of Casselberry FY 2016 Budget Rollover Summary from FY 2017 to FY 2018, a copy of which is attached to and made a part of these minutes. BA #18-003 Explanation of Request: This item seeks City Commission approval to rollover budgeted funds for items appropriated in FY 2017 that will instead be expended in FY 2018. A Budget Rollover Detail List (by Fund and Account) is included with this budget amendment. Account Number Account Description Amount Increase: Various Expenditures $1,272,309 Various Fund Balance Carryover/Revenues $1,272,309 Recommendation: The City Manager and the Finance Director recommended approval of Budget Amendment #18-003 in the amount of $1,272,309. G. Budget Amendment #18-004 for Gee Creek Erosion Control Project Introduction: Consideration of Budget Amendment #18-004 to roll over the Fiscal Year (FY) 2017 budgeted funds for the Award of Bid of the Gee Creels Erosion Control Project — Phases I1, III, & IV to Construct Co., Inc. in the amount not to exceed $550,008.00 which will be expended in FY 2018 is requested. Budget Impact: Approval of Budget Amendment #18-004 will increase the Stormwater Utility Fund Improvements Other than Building/Gee Creek Construction account #110-0740-539.63-45 and Federal Grants/Gee Creek account #110-0000-331.10-01 in the amount of $550,008.