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Ordinance No. 2024-06 Amending Budget FY 2023-2024 - April 2, 2024 CITY OF AVENTURA ORDINANCE NO. 2024-06 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2023-17 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2023/2024 FISCAL YEAR BY REVISING THE 2023/2024 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, upon the periodic review and analysis of current budgetary commitments and obligations, and based upon the projected needs and requirements of the City and upon the recommendations of the City Manager (and the concurrence of the Finance Director as to Accounting Principles), it is deemed necessary to adjust, amend and implement the 2023/2024 Operating and Capital Budget as set forth in Exhibit "A" attached hereto and made a part hereof. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. That the recitals contained in the preamble to this Ordinance are incorporated by reference herein. Section 2. That the City Commission hereby authorizes the amendment of Ordinance No. 2023-17, which Ordinance adopted a budget for the 2023/2024 fiscal year, by revising the 2023/2024 budget as set forth on the attached Exhibit "A" which exhibits are deemed incorporated by reference as though set forth in full herein. Section 3. That the City Manager is hereby authorized to do all things necessary to carry out the aims of this Ordinance. City of Aventura Ordinance No. 2024-06 Section 4. Effective Date. That this Ordinance shall be effective immediately upon adoption on second reading and shall be applicable retroactively from and after October 1, 2023. The foregoing Ordinance was offered by Commissioner Bloom, who moved its adoption on first reading. This motion was seconded by Vice Mayor Kruss, and upon being put to a vote, the vote was as follows: Commissioner Amit Bloom Yes Commissioner Rachel S. Friedland Yes Commissioner Billy Joel Yes Commissioner Dr. Linda Marks Yes Commissioner Michael Stern Yes Vice Mayor Paul A. Kruss Yes Mayor Howard S. Weinberg Yes The foregoing Ordinance was offered by Commissioner Joel, who moved its adoption on second reading. This motion was seconded by Commissioner Bloom, and upon being put to a vote, the vote was as follows: Commissioner Amit Bloom Yes Commissioner Rachel S. Friedland Yes Commissioner Billy Joel Yes Commissioner Dr. Linda Marks Yes Commissioner Michael Stern Yes Vice Mayor Paul A. Kruss Yes Mayor Howard S. Weinberg Yes Page 2 of 3 City of Aventura Ordinance No. 2024-06 PASSED on first reading this 5th day of March, 2024. PASSED AND ADOPTED on second reading this 2nd day of April, 2024. ;�- HbWARD S. WEINBERG, ES MAYOR ATTEST: —- ELLISA L. HORVA , MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: 7 ;� _J I � ROBERT MEYERS CITY ATTORNEY WEISS SEROTA HELFMAN COLE + BIERMAN, P.L. Page 3 of 3 City of Aventura Budget Amendment Fiscal Year2023/24 Exhibit A Amended Amended Budget Budget Budget Object Code Category FY2023/24 Amendment FY2023/24 General Fund-00 Revenues Miscellaneous Revenues 3611000 Interest Earnings $ 500,000 $ 263,754 $ 763,754 3644200 Sale of Assets 10,000 120,000 130,000 3699000 Miscellaneous Revenues 30,000 5,622 35,622 Subtotal $ 540,000 $ 389,376 $ 929,376 Total General Fund Revenues $ 540,000 $ 389,376 $ 929,376 General Fund-00 Expenditures Office of the City Manager(0501) Personal Services 1201 Employee Salaries $ 681,921 $ 27,500 $ 709,421 2101 FICA 52,167 2,105 54,272 2401 Workers'Compensation 1,575 65 1,640 Subtotal $ 735,663 $ 29,670 $ 765,333 Other Charges&Services 4420 Leased Equipment $ 8,700 $ 23,360 $ 32,060 Subtotal $ 8,700 $ 23,360 $ 32,060 Grants&Aides 8301 Other Grants and Aides $ - $ 140,000 $ 140,000 Subtotal $ - $ 140,000 $ 140,000 Total Office of the City Manager $ 744,363 $ 193,030 $ 937,393 Finance(1001) Contractual Services 3190 Professional Services $ 4,200 $ 10,000 14,200 Total Finance $ 4,200 $ 10,000 $ 14,200 Amended Amended Budget Budget Budget Object Code Category FY2023/24 Amendment FY2023/24 Police(2001) Other Charges&Services 4610 R&M-Vehicles $ 300,000 $ 9,225 309,225 Total Police $ 300,000 $ 9,225 $ 309,225 Public Works/Transportation(5401) Other Charges&Services 4420 Leased Equipment $ 9,222 $ (9,222) $ - Subtotal $ 9,222 $ (9,222) $ - Debt Service 7130 Principal Payments $ - $ 8,483 $ 8,483 7230 Interest Payments - 829 829 Subtotal $ - $ 9,312 $ 9,312 Total Public Works/Transportation $ 9,222 $ 90 $ 9,312 Capital Outlay Office of the City Manager(8005-512) 6402 Computer Equipment<$5,000 $ 4,300 $ 8,500 $ 12,800 6410 Office Equipment - 2,000 2,000 Subtotal $ 4,300 $ 10,500 $ 14,800 Police(8020-521) 6410 Equipment>$5,000 $ 155,725 90,275 $ 246,000 6450 Vehicles 418,500 20,500 439,000 Subtotal $ 574,225 $ 110,775 $ 685,000 Public Works/Transportation(8054-541) 6450 Vehicles $ - $ 55,756 $ 55,756 - Subtotal $ - $ 55,756 $ 55,756 - Total Capital Outlay $ 578,525 $ 177,031 $ 755,556 Total General Fund Expenditures $ 1,636,310 $ 389,376 $ 2,025,686