HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: -101403
Date: 11/14/2008
Commission Meeting Date: 12/11/2008
Requesting Department: Capital Improvements
District Impacted: ALL
Type: /1 Resolution ❑ Ordinance E Emergency Ordinance ❑ Discussion Item
C Other
Subject: Resolution appropriating new funding and continuing previously approved capital projects for
FY2009.
Purpose of Item:
The purpose of the item is to appropriate new funding sources and amend prior year appropriations to
continue capital improvement projects for Fiscal Year 2008-2009. These new appropriations, with the
exception of a few newly received grants and a Special Revenue Contribution to Capital, are
incorporated in the 2008-2009 Multi -Year Capital Plan which was approved by the City Commission
on November 13, 2008 per Resolution No. 08-0650.
Background Information:
New revenues have been identified for projects throughout the various Capital Funds. The revenues
are derived from recurring and non -recurring sources. The recurring sources include Transit Half Cent
Surtax, Impact Fees and Contributions from the General Fund and the Special Revenue Fund. The
non -recurring sources include Homeland Defense/Neighborhood Improvement Bond Interest, a
donation from a private entity, multiple grants, and an amount of Sunshine State Financing
Commission Loan not previously appropriated. Additionally, the prior year appropriations of
Homeland Defense/Neighborhood Improvement Bonds Series 2, Street Bonds and the Sunshine State
Financing Commission Loan funds require reallocation within the Capital Funds (continued on page
2)
Budget Impact Analysis
Yes Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Yes Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
C.I.P APPROVV, .. Final Approvals
(SIGN AND DATE)
1 C
CIP << itioiC Budget
If using or receiv n • pt "'fund
Grants ." Risk Management
Purchasing Dept. Director
Chief City Manager
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Background Information continued:
to continue previously approved projects. Furthermore, a portion of Transit Half Cent Surtax and
Local Option Gas Tax funds received in fiscal year 2008 are being deappropriated from capital to be
moved to the Street Bond Debt Service Fund for the Street Bond Debt Service payment. These new
appropriations and revisions are included in the 2008-2009 Multi -Year Capital Plan which was
approved by the City Commission on November 13, 2008 per Resolution No. 08-0650.
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