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Budget Amendment
Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 166K
Last Updated: 2015/4/29
Size: 58K
Last Updated: 2015/4/29
Size: 78K
Last Updated: 2015/4/28
Size: 10K
Last Updated: 2015/4/28
City of DeBary SealCity Council Meeting
City of DeBary
AGENDA ITEM





Subject: Resolution 15-04 Approving Budget Amendment for FY 14-15
  
From: Liz Bauer, Finance Director
             
Meeting/Hearing Date:  May 6, 2015

Attachments:
(   )  Ordinance
( X)  Resolution
(   )  Other
(   )  Supporting Documents/Contracts


Summary/Highlights

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.


Background Discussion

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.

Recommended Motion  
Adopt Resolution #15-04


City Council Action:
(   )  Approved As Recommended
(   )  Approved With Modification
(   )  Disapproved
(   )  Continued Date:

(   )  Other

Modifications:



 
 
City of DeBary, FL
16 Colomba Rd, DeBary, FL 32713
Phone: (386) 668-2040  Fax: (386) 668-4122