Title
A Resolution Amending City Budgets
Summary
Certain actions need to be taken to amend City Budgets and acknowledge action taken by various City Boards. These are annual "housekeeping items" and although some restricted cash is being used in the Gas Tax Fund, no additional funding is being requested for General Fund expenditures. There is actually a transfer revenue increase to the General Fund from the Recreational Activities Fund of $54,635.
Budgetary Impact: **Various budget adjustments for multiple funds. No increases are being requested for General Fund expense.
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, there is a need to make amendments to the budgets of various City Funds and acknowledge action taken by various boards.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Transfer budget funds of $9,700 from account 01-607-6010-Gas & Oil to account 01-607-7010-Capital Purchase. Resolution 15-2250 appropriated the funds in FY 2015 to replace a truck that was wrecked in the Street Department and the $20,238 in insurance proceeds that were received. The truck was not actually purchased until this fiscal year and the budget was not carried forward. Other capital purchases in Streets came in under budget so $9,700 is needed for the budget shortfall.
SECTION 2: Transfer budget funds of $10,000 from 01-620-2192-Wellness Center Expense, with $5,000 going to account 01-616-2192-Wellness Center Utilities and $5,000 to account 01-616-4136 Wellness Center Maintenance in order to move the cost of the Wellness Center from General Government to Municipal Complex.
SECTION 3: Transfer budgets funds of $5,500 from account 01-616-4135-HT Barnes Maintenance to account 01-616-2191-HT Barnes Utilities so that utility and maintenance costs are better tracked.
SECTION 4: Amends the budget for the revenue and expense accounts for the concession stands in the Recreational Activities Fund by increasing the revenue account 05-5869-Sportsplex Concession Sales by $46,000 and expense account 05-649-5025-Concession Supplies by $15,000 for a positive budget impact of $31,000 in the Recreational Activity Fund.
SECTION 5: Increase transfer accounts from the Recreational Activities Fund to the General Fund by $54,635 by amending account nos. 05-680-0500 and 01-5922, respectively.
SECTION 6: Transfer $25,000 from 07-600-7100-Public Street Lighting capital account to 07-600-6100-Traffic Signal Repairs and increase the budget by $21,000 for 07-600-6100-Traffic Signal Repairs for a total budget in the account of $46,000. There is cash in the restricted gas tax checking account for this purpose and the funds were used to repair traffic signals in the City of Foley.
SECTION 7: Amends the budget for the first draw and payment on the UTC Economic Development Incentive by increasing account no. 32-5601-Proceeds M&M Bank LOC and 32-627-8010-Economic Development - UTC by $500,000 for a zero increase to the fund.
SECTION 8: Amends the budget transfer accounts from the Series 2014 GO by increasing account nos. 01-5918 Transfer from 2014 GO and 33-680-0500 Transfer to General Fund by $118,296; increases account nos. 12-5905 Transfer from 2014 GO and 33-680-0505 Transfer to Capital Projects Fund by $3,181,190; and increases account nos. 31-5901 Transfer from 2014 GO and 33-680-0515 Transfer to TIGER Fund by $207,657. These transfer accounts need to be adjusted due to delays in projects that were funded by the bonds.
SECTION 9: Amends the budget for for the Interpretive Centre project for IT cost that were not included by a transfer in the amount of $8,333 from 01-630-7010-Environmental Capital to 12-665-7342-Interpretive Centre project as well as the transfer accounts 01-680-0165 and 12-5900.
SECTION 10: Amends the budget for revenue and expense accounts related to the sale of Welcome Center Inventory with an increase of $500 in account nos. 01-5077 & 01-625-2400, for a zero increase in the bottom line.
SECTION 11: Transfers $2,000 from General Government Salary account 01-620-1010 to CDD Salary Account 01-615-1010 and $800 from General Government Salary account 01-620-1010 to Environmental Retirement account 01-630-1050.
SECTION 12: Transfers $168,476 from various departmental personnel accounts to various non-departmental health care cost accounts as shown on the attached report that is attached to and made a permanent part of this resolution.
SECTION 13: This Resolution shall become effective immediately upon its adoption as required by law.