Agenda 06/25/2019 Item #16C 8 (Cassena Rd Potabel Water MSBU)06/25/2019
EXECUTIVE SUMMARY
Recommendation to authorize budget amendments to recognize Cassena Road Water Line special
assessment revenue and appropriate same to accommodate additional loan repayment.
OBJECTIVE: To authorize budget amendments to recognize and appropriate special assessment revenue
for loan principal reduction.
CONSIDERATIONS: On December 12, 2017, the Board of County Commissioners (Board) adopted
Resolution No. 2017-243, the Initial Rate Resolution, creating the Cassena Road Potable Water MSBU to
assess and collect assessments for the construction of potable water facilities. Included in this Resolution
was a provision for an internal loan to facilitate timely completion and mitigate the fiscal impact to the
property owners.
On September 11, 2018, the Board adopted Resolution No. 2018-154, updating estimated costs for the
Cassena Road Water Project and adopting the Non-Ad Valorem Assessment Roll.
Funding for the project was advanced from Unincorporated Area General Fund (111) and the water line
project was completed in January 2019.
Special assessments have been collected on the FY 19 property tax bill. Two properties elected to pay the
assessment in full and these payments along with other available monies will be transferred to Fund (111)
to reduce loan principal. In order to accommodate this action budget amendments are required.
FISCAL IMPACT: Assessment prepayments and other available funds in excess of project financial
requirements will be transferred to Unincorporated Area General Fund (111) and used to reduce
outstanding loan principal. Budget amendments in the amount of $75,000 will be necessary. For loan
administration purposes the date payment was received from the property owner will be the effective
date.
GROWTH MANAGEMENT IMPACT: There is no growth management impact related to this item.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal
issues, and requires majority vote for approval. -JAK
RECOMMENDATION: Authorize budget amendments to recognize Cassena Road Water Line special
assessment revenue and appropriate same to accommodate additional loan repayment.
Prepared By: Edward Finn, Sr. Management & Budget Analyst
ATTACHMENT(S)
1. 418 Budget Amendment 418 rec rev and Addnl loan pmt ver2 (PDF)
2. 418 Budget Amendment 111 Addnl loan pmt ver 2 (PDF)
16.C.8
Packet Pg. 1450
06/25/2019
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.C.8
Doc ID: 9349
Item Summary: Recommendation to authorize budget amendments to recognize Cassena Road
Water Line special assessment revenue and appropriate same to accommodate additional loan repayment.
Meeting Date: 06/25/2019
Prepared by:
Title: Operations Coordinator – Office of Management and Budget
Name: Valerie Fleming
06/14/2019 9:24 AM
Submitted by:
Title: Division Director - Corp Fin & Mgmt Svc – Budget and Management Office
Name: Mark Isackson
06/14/2019 9:24 AM
Approved By:
Review:
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 06/14/2019 9:24 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 06/14/2019 11:22 AM
Public Transit & Neighborhood Enhancement Michelle Arnold Additional Reviewer Completed 06/14/2019 5:50 PM
Budget and Management Office Ed Finn Additional Reviewer Completed 06/18/2019 1:04 PM
County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 06/18/2019 1:46 PM
Board of County Commissioners MaryJo Brock Meeting Pending 06/25/2019 9:00 AM
16.C.8
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BUDGET AMENDMENT REQUEST For Budget/Finance Use Only
BA#
JE #
BAR#
APH Date
418 Collier County Water Sewer District Special Assessments
Fund No.Fund Description (type on line above)
Date Prepared: 6/6/2019 (Attach Executive Summary)
Approved by BCC on: Item No.
Expense Budget Detail
Fund Center Title: Inter Fund Transfers Fund Center No.: 929010
Funded Program (Project) Title: Cassena Road MSBU 5-digit Fd Prog #: 70225
Fund Funded Commit Commitment Item Increase Current Revised
Center Program Item Description (Decrease) Budget Budget
929010 70225 921110 Advance/Repay to Fund (111)76,000.00 65,400.00 141,400.00
929010 70225 911110 Transfer to (111)(1,000.00) 1,000.00 -
Net Change to Budget 75,000.00$
Revenue Budget Detail
Fund Center Title: Water Sewer Special Assessments Fund Center No.: 287140
Funded Program (Project) Title: Cassena Road MSBU 5-digit Fd Prog #: 70225
Fund Funded Commit Commitment Item Increase Current Revised
Center Program Item Description (Decrease) Budget Budget
287140 70225 325100 Special Assesments 75,000.00 73,800.00 148,800.00
-
-
Net Change to Budget 75,000.00$
EXPLANATION
Why are funds needed? (type below)
Where are funds available? (type below)
REVIEW PROCESS
Cost Center Director*:Date
Department Heads:Date
Office of Mgt & Budget Date
Agency Manager Date
Finance Department:Date
Clerk to the Board Admin:Date
Inputted by:Date
BA number (SAP)
To provide sufficient budget for additional repayment on the loan made from Fund (111) to (418).
Annual assessments, assessment payoffs, cost underruns, interest earnings, etc.
H:\ENF\Budget Amendments\Public Services\Cassena Road Water Main 418\418 Budget Amendment Form
16.C.8.a
Packet Pg. 1452 Attachment: 418 Budget Amendment 418 rec rev and Addnl loan pmt ver2 (9349 : Recognizing Cassena Road Water Line special assessment
BUDGET AMENDMENT REQUEST For Budget/Finance Use Only
BA#
JE #
BAR#
APH Date
111 Unincorporated Area General Fund
Fund No.Fund Description (type on line above)
Date Prepared:6/6/2019 (Attach Executive Summary)
Approved by BCC on: Item No.
Expense Budget Detail
Fund Center Title: Reserves Fund Center No.: 919010
Funded Program (Project) Title: 5-digit Fd Prog #: 0
Fund Funded Commit Commitment Item Increase Current Revised
Center Program Item Description (Decrease) Budget Budget
919010 0 991000 Reserve for Contingency 75,000.00 757,807.31 832,807.31
-
Net Change to Budget 75,000.00$
Revenue Budget Detail
Fund Center Title: Water Sewer Special Assessments Fund Center No.: 929010
Funded Program (Project) Title: 5-digit Fd Prog #:
Fund Funded Commit Commitment Item Increase Current Revised
Center Program Item Description (Decrease) Budget Budget
929010 0 482418 Adv/Repay From Fund (418)76,000.00 65,400.00 141,400.00
929010 481418 Transfer from Fund (418)(1,000.00) 1,000.00 -
-
Net Change to Budget 75,000.00$
EXPLANATION
Why are funds needed? (type below)
Where are funds available? (type below)
REVIEW PROCESS
Cost Center Director*:Date
Department Heads:Date
Office of Mgt & Budget Date
Agency Manager Date
Finance Department:Date
Clerk to the Board Admin:Date
Inputted by:Date
BA number (SAP)
To provide budget for additional payments on the loan made from Fund (111) to (418).
Advance/Repayment transfer from Fund (418)
H:\ENF\Budget Amendments\Public Services\Cassena Road Water Main 418\418 Budget Amendment Form
16.C.8.b
Packet Pg. 1453 Attachment: 418 Budget Amendment 111 Addnl loan pmt ver 2 (9349 : Recognizing Cassena Road Water Line special assessment revenue)