City Council Meeting
City of DeBary
Subject: Resolution 15-04 Approving Budget Amendment for FY 14-15
From: Liz Bauer, Finance Director
Meeting/Hearing Date: May 6, 2015
( ) Ordinance
( X) Resolution
( ) Other
( ) Supporting Documents/Contracts
The City Council may amend the budget at any time during the fiscal year by the same method used to adopt the budget. The Council adopted the FY 14-15 Budget via Resolution #14-14.
First Budget Amendment Item:
$33,295 is being added to the legal fees line item and is being transferred from a reduction in the TOD budget. The TOD Budget was reduced to reflect five months of expenditures left in FY 2015.
Second Budget Amendment Item:
This item trues-up the cash balances of all funds based upon FY 2014 Audit Results.
Third Budget Amendment Item:
This amendment is to reclassify the recent road resurfacing project from capital to maintenance and increases the budget line item by $113,000 based upon the bid awarded.
Fourth Budget Amendment Item:
This amendment would reallocate $400,000 from City reserves to the Economic Opportunity Fund for development within the TOD Area. All grants made from the Economic Opportunity Fund in excess of $2,500 must be approved by the City Council.
Fifth Budget Amendment Item:
This item establishes the remaining FY budget for Information Technology at $70,000.
Adopt Resolution #15-04
City Council Action:
( ) Approved As Recommended
( ) Approved With Modification
( ) Disapproved
( ) Continued Date:
( ) Other