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Agenda 07/28/2009 Item #16A18Agenda Item No. 16A18 EXECUTIVE SUMMARY July 28, 2009 Page 1 of 2 Recommendation to approve budget amendments to loan Fund 131 (Developer Services) a total of $1,400,000 from Fund 306 (Parks & Recreation Capital Improvement) OBJECTIVE: To have the Board of County Commissioners (BCC) approve budget amendments to loan Fund 131 (Developer Services) a total of $1,400,000 from Fund 306 (Parks & Recreation Capital Improvement). CONSIDERATIONS: Per the direction of the Board given during the FY 2010 budget workshop of June 29 -30, this executive summary requests the approval of budget amendments, attached, which execute the loan for $1,400,000 in FY 2009 from Fund 306 to Fund 131. This loan will allow Fund 131 to meet its current year administrative support indirect cost charge and health insurance obligations. FISCAL IMPACT: The Fund 306 and Fund 131 FY 2009 budgets will be revised per the attached Budget Amendments. The FY 2010 proposed budget will be revised to reflect a $350,000 loan repayment from Fund 131 to Fund 306, the first year of a four year repayment schedule. Should, at any time, Fund 131 revenue improve beyond budgeted levels, Community Development and Environmental Services financial staff will coordinate with the Manager's Office on an expedited repayment schedule. GROWTH MANAGEMENT IMPACT: No growth management impact will result from this action LEGAL CONSIDERATION: This item has been reviewed for legal sufficiency and there are no outstanding legal considerations. This item is not quasi - judicial and no ex parte disclosures are required. This item requires a simple majority vote and is legally sufficient for Board action. -JW RECOMMENDATION: Recommendation to approve budget amendments to loan Fund 131 (Developer Services) a total of $1,400,000 from Fund 306 (Parks & Recreation Capital Improvement). PREPARED BY: Garrett Mullee, Manager of Operations Support - CDES Page 1 of 1 Agenda Item No. 16A18 July 28, 2009 Page 2 of 2 COLLIER COUNTY M� BOARD OF COUNTY COMMISSIONERS Item Number: 16A18 Item Summary: Recommendation to approve budget amendments to loan Fund 131 (Developer Services) a total of $1,400,000 from Fund 306 (Parks & Recreation Capital Improvement) Meeting Date: 7/28/2009 9:00:00 AM Prepared By Garrett Mullee Financial Operations Manager Date Community Development & Financial Admin. & Housing 711612009 3:15:31 PM Environmental Services Approved By Judy Puig Operations Analyst Date Community Development & Community Development & 711612009 4:25 PM Environmental Services Environmental Services Admin. Approved By Jeff Wright Assistant County Attorney Date County Attorney County Attorney Office 7/1612009 4:31 PM Approved By Jeff Klatzkow County Attorney Date County Attorney County Attorney Office 7/1612009 4:48 PM Approved By Joseph K. Schmitt Community Development & Date Environmental Services Adminstrator Community Development & Community Development & 711612009 5:09 PM Environmental Services Environmental Services Admin. Approved By OMB Coordinator OMB Coordinator Date County Manager's Office Office of Management & Budget 7/17/2009 10:18 AM Approved By Mark Isackson Budget Analyst Date County Manager's Office Office of Management & Budget 7/20/2009 5:13 PM Approved By Susan Usher Senior Management/Budget Analyst Date County Manager's Office Office of Management & Budget 7/20/2009 5:55 PM Approved By Leo E. Ochs, Jr. Deputy County Manager Date Board of County County Manager's Office 7/21/2009 10:29 AM Commissioners file: / /C: \AgendaTest\ Export\ 13 3 - July %2028, %202009\ 16. %2000NSENT %20AGENDA\ 1... 7/22/2009 BUDGET AMENDMENT BEQUEST 131 Fund Number Date Prepared: 07/16/09 Approved by BCC on: Fund Center Title: a- /+rii� ' 16AI idy 2 S Zoe q For Budget/Finance Use Only BA# ............................... JE# .. ............................... BAR # .............................. A.P.H. Date ....................... s Services Fund Attach Executive Summary Item No.: Revenue Budget Detail Interfund Transfer Fd Ctr No.: 929010 WBS Element Title: WBS No.: (Provide the Fund Center or WBS element information; it is not recruited to provide both.) Fund Center WBS Element Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget 929010 482306 Advance from fund 306 1,400,000 0 1,400,000 Net Change to Budget 1,400,000 Expense Budget Detail Fund Center Title: Reserves WBS Element Title: Provide the Fund Center or WBS element information; it is not reauired to provide both.) I'd Ctr No.: 919010 WBS No.: Fund Center WBS Element Commit Item Commitment Item Description Increase (Decrease) Current Bud et Revised Budget 919010 998000 Reserves for cash flow 1,400,000 0 1,400,000 Net Change to Budget 1,400,000 EXPLANATION Why are funds needed? Funds are needed to meet Operating Expenses. Where are funds available? Funds are being received as a loan from fund 306. BUDGET AMENDMENT REQUEST For Budget/Finance Use Only BA# ............................... JE# .. ............................... BAR # .............................. A.P.H. Date ....................... 306 ---Par s & Recreation Ca Fund Number Fund Description Date Prepared: 7/14/2009 Approved by BCC on: Attach Executive Summary Item No.: 49ehd_a.- IMM*IGAla ✓u/V 2g1 Zoo Expense Budget Detail Fund Center Title: Parks Capital Fd Ctr No.: 116360 Funded Prog. Title: Barefoot Beach Outparcel Devel Fd Prg No.: 80029 (only one Fund Center /Funded Program should be entered into this section. if amendment is for Funded Program must enter Fund Center info) Fund Center Funded Program Commit Item Commitment Item Description Increase (Decrease) Current Budget Revised Budget 116360 80029 763100 Improvements (200,000) 256,967.73 56,967.73 Net Change to Budget (200,000) Expense Budget Detail Fund Center Title: Parks Capital Fd Ctr No.: 116360 Funded Prog. Title: Cocohatchee Park Playground Fd Prg No.: 80070 (only one Fund Center/Funded Pro ram should be entered into this section. If amendment is for Funded Program must enter Fund Center info) Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Bud et Revised Budget 116360 80070 763100 Improvements (25,000) 88,278.69 63,278.69 Net Change to Budget (25,000) Expense Budget Detail Fund Center Title: Parks Capital Fd Ctr No.: 116360 Funded Prog. Title: Golden Gate Comm Pk — replace lights Fd Prg No.: 80073 (only one Fund Center /Funded Program should be entered into this section. If amendment is for Fended Prnarnm miict antar Fend ra m. info Fund Center Funded Program Commit Item Commitment Item Description Increase (Decrease) Current Budget Revised Budget 116360 80073 763100 Improvements (25,000) 70,800 45,800 Net Change to Budget (25,000) Aqe taa- /#ear, *- /(OMS Jvly 2y, 200 g Expense Budget Detail Fund Center Title: Parks Capital Fd Ctr No.: 116360 Funded Prog. Title: Rita Eaton Park Fd Prg No.: 80082 (only one Fund Center /Funded Proeram should be entered into this section. If amendment is for Funded Proeram. most enter Fund Center info) Fund Center Funded Program Commit Item Commitment Item Description Increase (Decrease) Current Budget Revised Budget 116360 80082 763100 Improvements (20,000) 98,525 78,525 Net Change to Budget (20,000) Expense Budget Detail Fund Center Title: Parks Capital Fd Ctr No.: 116360 Funded Prog. Title: NCRP Pump replacement 80100 (only one Fund Center/Funded Program should be entered into this section. If amendment is for Funded Pr,c,non must enter Fund Center iofnl Fund Center IFunded I Program Commit Item Commitment Item Description Increase (Decrease) Current Bud et Revised Budget 116360 80100 646970 Other Equip Repair (30,000) 192,500 162,500 Net Change to Budget (30,000) Expense Budget Detail Fund Center Title: Pk & Rec — Coastal Zone project Fd Ctr No.: 110416 Funded Prog. Title: Bayview Park Landing Fd Prg No.: 80060 (only one Fund Center /Funded Pro ram should be entered into this section. If amendment is for Funded Program, must enter Fund Center info Fund Center IFunded I Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget 110416 80060 763100 Improvements (648,000) 682,499.56 34,499.56 Net Change to Budget (648,000) Expense Budget Detail Fund Center Title: Parks Capital Fd Ctr No.: 116360 Funded Prog. Title: Gordon Greenway Park Fd Prg No.: 80065 (only one Fund Center /Funded Proeram should he entered into this section if amendment ie f . R—e d u—..,.., .., —c,.., Fund Center Funded Program Commit Item Commitment Item Description Increase ecrease ) Current Budget Revised Budget 116360 80065 763100 Improvements (422,000) 7,986,561.50 7,564,561.50 Net Change to Budget (422,000) /,rkia.. /Jew) ="§,-/&41e J,)1V 2%2a,09 Expense Budget Detail Fund Center Title: Boater Improvement — Coastal Zone Fd Ctr No.: 110417 Funded Prog. Title: Golden Gate Corn Pk — boat ramp 80031 (only one Fund Center /Funded Proeram should he entered into this section. If amendment is for Pr-- mnct —m r Fend C,nt,, mf t Fund Center Funded Program Commit Item Commitment Item Description Increase (Decrease) Current Budget Revised Budget 110417 80031 763100 Improvements (30,000) 109,292.34 79,292.34 B.A. No.: Net Change to Budget (30,000) Expense Budget Detail Fund Center Title: Interfund Transfer Fd Ctr No.: 929010 Funded Prog. Title: Reserves Fd Prg No.: 99306 (only one Fund Center /Funded ProYram should be entered into this section. If amendment is for Funded Pm.,,on mnt enter FuM f-t— infn) Fund Center Funded Program Commit Item Commitment Item Description I Increase (Decrease) Current Budget Revised Budget 929010 99306 921310 Advance to 131 11400,000 0 1,400,000 B.A. No.: Net Change to Budget 1,400,000 EXPLANATION Why are funds needed? A loan to Community Developmen's Planning fund. Where are funds available? Transfer from Parks and Recreation Capital REVIEW PROCESS Cost Center Director: DATE Division Administrator: Budget Department: Agency Manager: Finance Department: Clerk of Board Admin.: In ut b : B.A. No.: