Resolution - Mid-Year Budget Adjustment
CITY OF DANIA BEACH
Agenda Request Item
Type of Request: Resolution
(Adopt Resolution, Adopt Ordinance (1st Reading) Adopt Ordinance (2nd Reading)
Award Bid /RFP, Presentation, Public Hearing)
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Requested Action (Identify appropriate Action or Motion) |
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Approve Resolution |
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Description of Action |
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The Administration has identified necessary budget appropriations and adjustments among the City Funds that are necessary and appropriate for completion of the City’s current fiscal year. These budget adjustments include (2) loan advance repayments (Water Fund and Pier Fund), as well as funding for the City’s increased cost of employee health insurance and the City’s Defined Benefit Pension plan. |
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Purchasing Requests ONLY |
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Fund: (Select from: General, Water, Sewer, Stormwater, Grants, Capital) |
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Fiscal Impact/Cost Summary |
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Allocations result in a net increase (added funding availability) in the General Fund – Contingency Account due to a reduction and reallocation of planned OPEB retiree Trust contributions. City business Enterprise Funds and using a portion of their Unappropriated Net Assets for funding of increased staff health and retirement costs. |
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Exhibits Attached |
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Resolution, Memo, Summary schedule |
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