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Agenda 04/23/2013 Item #17C4/23/2013 17. C. EXECUTIVE SUMMARY Recommendation to adopt a resolution approving amendments (appropriating carry forward, transfers and supplemental revenue) to the Fiscal Year 2012 -13 Adopted Budget. OBJECTIVE: That the Board of County Commissioners adopts the attached resolution and the related amendments that amend the Fiscal Year 2012 -13 adopted budget in accordance with Section 129.06, Florida Statutes. CONSIDERATIONS: Section 129.06, Florida Statutes defines how an annual budget, as adopted by the Board, can be amended. Certain budget amendments that increase the total appropriations of a fund over the adopted annual budget must be approved by resolution of the Board of County Commissioners after an advertised public hearing. Budget amendments requiring such approval include the appropriation of carry forward, interfund transfers, and supplemental revenue. The budget amendments in the attached resolution cover Board approved items through April 23, 2013. This is a public hearing to amend the budget for Fiscal Year 2012 -13. Each of these budget amendments has been reviewed and approved by the Board of County Commissioners via separate Executive Summaries. A summary of the attached resolution has been advertised as required in Section 129.06 Florida Statutes. The attached resolution was available for public review and inspection with the related budget amendments and executive summary at the Office of Management and Budget. The amendments and summary are included herein by reference in the resolution. FISCAL IMPACT: The amendments and related executive summaries, which were previously considered and approved by the Board, contained their respective fiscal impact statements. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. LEGAL CONSIDERATIONS: The County Attorney's Office has reviewed and approved the attached resolution for legal sufficiency — JAK. RECOMMENDATION: That the Board adopts the attached resolution amending the Fiscal Year 2012 -13 adopted budget. Prepared by: Mark Isackson, Corporate Financial Planning and Management Services County Manager's Office Packet Page -1946- COLLIER COUNTY Board of County Commissioners Item Number: 17.17.C. 4/23/2013 17.C. Item Summary: Recommendation to adopt a resolution approving amendments (appropriating carry forward, transfers and supplemental revenue) to the Fiscal Year 2012 -13 Adopted Budget. Meeting Date: 4/23/2013 Prepared By Name: LehnhardPat Title: Operations Coordinator,Transportation Administrati 4/11/2013 8:06:31 AM Submitted by Title: Operations Coordinator,Transportation Administrati Name: LehnhardPat 4/11/2013 8:06:33 AM Approved By Name: UsherSusan Title: Management/Budget Analyst, Senior,Office of Manage Date: 4/12/2013 1:37:01 PM Name: KlatzkowJeff Title: County Attorney Date: 4/16/2013 9:12:46 AM Name: SheffieldMichael Title: Manager - Business Operations, CMO Date: 4/16/2013 10:40:48 AM Packet Page -1947- 4/23/2013 17.C. RESOLUTION NO. 13- A RESOLUTION PURSUANT TO SECTION 129.06(2), FLORIDA STATUTES, AMENDING THE BUDGET FOR THE 2012 -13 FISCAL YEAR WHEREAS, Section 129.06(2), Florida Statutes, provides that the Board of County Commissioners (hereinafter also referred to as 'Board ") at any time within a fiscal year may amend a budget for that year, and provides the procedures therefore; and WHEREAS, the Board of County Commissioners of Collier County, Florida, has received copies of budget amendments which appropriate: unanticipated carry forward, or make transfers from one fund to another; and WHEREAS, the Board has determined that it is appropriate to amend the Budget for Fiscal Year 2012 -13 by resolution pursuant to Section 129.06, Florida Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that the budget amendments to the FY 2012 -13 Budget described below are approved and hereby adopted and the FY 2012 -13 Budget is so amended. -1- Packet Page -1948- INCREASE (DECREASE) CARRY FORWARD INCREASE BUDGET OR INCREASE INCREASE INCREASE (DECREASE) AMENDMENT INTERFUND (DECREASE) (DECREASE) (DECREASE) INTERFUND FUND NUMBERS TRANSFERS RECEIPT EXPENDITURE RESERVES TRANSFERS 710 13- 259 (3/26/13 -16D1) $16,970.54 $16,970.54 Public Services Grant Match To recognize transfer from Parks & Recreation for administering the 2013 Summer Food Grant program 714 13 -267 (3/26/13 -16E5) $1,260.00 $1,260.00 County Manager Match To recognize transfer from Isle of Capri to purchase Class A Foam for fire suppression at the Isle of Capri Fire Department 708 13.289 (4/9/13 -16D6) $10,246.04 $10,246.04 Human Services Grant Match Fund To recognize interest revenue and carryforward /reserves to provide match for Retired Senior Volunteer Program Grant 714 13 -293 (4/9/13 -16E2) $4,351.00 $4,351.00 County Manager Match To recognize transfer from Ochopee Fund 146 to purchase mobile and portable radios for the Ochopee Fire Control District 186 13 -294 (4/9/13 -16B1) $40,000.00 $40,000.00 Immokalee CRA To recognize carryforward to reappropriate funds back into the Rehabilitation Grant to satisfy the CRA's previously approved obligation to pay two reimbursement fagade grants 287 13 -313 (3/26/13 -14B1) $67,100.00 $67,100.00 Bayshore/Gateway Triangle CRA Debt Service To recognize transfer from Bayshore CRA fund 187 (from surplus land sale proceeds) to be used to prepay Bayshore CRA loan principle. 298 13 -315 (3/12/13 -11B) $75,877,100.00 $75,877,100.00 Special Obligation Bonds — Series 2013 To recognize funds to record previously approved issuance of Series 2013 Special Obligation Refunding Bonds; refund all outstanding Collier County Series 2003 and 2005 CIP Bonds and pay closing costs -1- Packet Page -1948- 4/23/2013 17.C. INCREASE $17,000.00 (DECREASE) CIP Bonds — Series 2003 CARRY To recognize funds to make escrow agent payments related to the FORWARD INCREASE BUDGET OR INCREASE INCREASE INCREASE (DECREASE) AMENDMENT INTERFUND (DECREASE) (DECREASE) (DECREASE) INTERFUND FUND NUMBERS TRANSFERS RECEIPT EXPENDITURE RESERVES TRANSFERS 215 13 -316 (3/12/13 -11B) $17,000.00 $17,000.00 CIP Bonds — Series 2003 To recognize funds to make escrow agent payments related to the previously approved issuance of Series 2013 Special Obligation Refunding Bonds to refund all outstanding Collier County Series 2003 CIP Bonds 216 13 -317 (3/12/13 -11B) $114,950.00 Sl 14,950.00 CIP Bonds — Series 2005 To recognize funds to make escrow agent payments related to the previously approved issuance of Series 2013 Special Obligation Refunding Bonds to refund all outstanding Collier County Series 2005 CIP Bonds 217 13 -318 (3/12/13 -1113) $8.23 ($10,401,500.00) $10,401.508.23 Reserve fund for the 2003 and 2005 Bond To transfer funds back to Funds 412 and 414 as the 2003 and 2005 Bond has been refunded and the reserve requirement is no longer needed 412 13 -319 (3/12/13 -1113) $5,200,754.11 $5,200,754.11 Water User Fee Capital Projects To transfer funds back to Funds 412 and 414 as the 2003 and 2005 Bond has been refunded and the reserve requirement is no longer needed 414 13 -320 (3/12/13 -11 B) $5,200,754.12 $5,200,754.12 Wastewater User Fee Capital Projects To transfer funds back to Funds 412 and 414 as the 2003 and 2005 Bond has been refunded and the reserve requirement is no longer needed 215 13 -321 (3/12/13 -11B) ($8,000.00) $8,000.00 2003 Sales Tax Bond To correct FYI transfers not made from General Fund and Correctional Impact Fee Fund, which created FYI Carryforward (revenue) account to be overstated. 216 13 -322 (3/12/13 -1113) ($7,800.00) $7,800.00 2005 Sales Tax Bond To correct FYI transfers not made from General Fund and Correctional Impact Fee Fund, which created FYI Canyforward (revenue) account to be overstated. 298 13 -335 (3/12/13 -11B) $1,304,900.00 $1,304,900.00 Special Obligation Bonds, Series 2010, 2010B, 2011, 2013 To recognize transfer to Reserves for wire transfer Sept. 30 for principal and interest payment due Oct. 1 for Special Obligation Bond, Series 2013 BE IT FURTHER RESOLVED that the Clerk is hereby ordered and directed to spread this Resolution in full among the minutes of this meeting for permanent record in his office. This Resolution adopted this 23rd day of April, 2013, after motion, second and majority vote. ATTEST: DWIGHT E. BROCK, Clerk By: Deputy Clerk Approv d d legal s . Jeffrey 4I46"w, County Attorney BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By: Georgia A. Hiller, Esq. Chairwoman -2- Packet Page -1949-