2003-03 ORDINANCE NO. 2003-03
AN ORDINANCE OF THE CITY COMMISSION OF THE
CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE
NO. 2002-24 WHICH ORDINANCE ADOPTED A BUDGET
FOR THE 200212003 FISCAL YEAR BY REVISING THE
2002/2003 FISCAL YEAR OPERATING AND CAPITAL
BUDGET AS OUTLINED IN EXHIBITS "A" AND "B"
ATTACHED HERETO; AUTHORIZING THE CITY
MANAGER TO DO ALL THINGS NECESSARY TO CARRY
OUT THE AIMS OF THIS ORDINANCE; 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 Support Services Director as to Accounting Principles), it is deemed
necessary to adjust, amend and implement the 2002/2003 Operating and Capital
Budget as set forth in Exhibits "A" and "B" 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. The recitals contained in the preamble to this Ordinance are
incorporated by reference herein.
Section 2. The City Commission hereby authorizes the amendment of
Ordinance No. 2002-24, which Ordinance adopted a budget for the 2002/2003 fiscal
year, by revising the 2002/2003 budget as set forth on the attached Exhibits "A" and
"B", which exhibits are deemed incorporated by reference as though set forth in full
herein.
Ordinance No. 2003-03
Page 2
Section 3. The "Street Maintenance Fund 120" is hereby replaced by the
"Transportation and Street Maintenance Fund 120" as outlined in Exhibit "A".
Section 4. The City Manager is hereby authorized to do all things necessary to
carry out the aims of this Ordinance.
Section 5. Effective Date. This Ordinance shall be effective immediately
upon adoption on second reading.
The foregoing Ordinance was offered by Commissioner Rogers-Libert, who
moved its adoption on first reading. This motion was seconded by Commissioner
Beskin, and upon being put to a vote, the vote was as follows:
Commissioner Arthur Berger
Commissioner Jay R. Beskin
Commissioner Ken Cohen
Commissioner Manny Grossman
Commissioner Patricia Rogers-Libert
Vice Mayor Harry Holzberg
Mayor Jeffrey M. Pedow
The foregoing Ordinance was offered
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by Commissioner Rogers-Libert,
who moved its adoption on second reading. This motion was seconded by
Commissioner Berger and upon being put to a vote, the vote was as follows:
Commissioner Arthur Berger yes
Commissioner Jay R. Beskin yes
Commissioner Ken Cohen yes
Commissioner Manny Grossman yes
Commissioner Patricia Rogers-Libert yes
Vice Mayor Harry Holzberg yes
Mayor Jeffrey M. Perlow yes
2
Ordinance No. 2003-o3
Page 3
PASSED AND ADOPTED on first reading this 7th day of January, 2003.
PASSED AND ADOPTED on second reading this 4th day of Feb~.~'7~003.
,e~FI~E-Y M. P"ERLOW, IV~
TE.~SA M. SOP~ ,, CM(~
CI~,,~ CLERK ~
APPROVED AS TO LEGAL SUFFICIENCY:
CITY ATTORNEY
tms
3
CITY OF AVENTURA
CATEGORY SUMMARY
2002/03
This fund was established to account for restricted revenues and expenditures which by
State Statute and County Transit System Surtax Ordinance are designated for
transportation enhancements, street maintenance and construction costs. Expenditures
will either be accounted for in the General Fund by designating specific expenditure
accounts in the Community Services Department and the Capital Improvement Program or
in this fund by designating specific Capital projects.
REVENUE PROJECTIONS
310000/319999 Locally Levied Taxes 0 0 0 0 0
320000/329999 Licenses & Permits 0 0 0 0 0
330000/335999 Intergovernmental Rev. 499,268 517,664 532.000 896.000 696,000
340000/349999 Charges for Services 0 0 0 0 0
360000/359990 Fines & Forfeitures 0 0 0 0 0
360000/366660 Misc. Revenues s,776 15,686 7.500 7,500 7,500
380000/389999 Transfer from Funds o o o o o
399900/399990 Fund Balance 133,314 236,661 160,00~ 20,000 20,000
EXPENDITURES
1000/2669 Personal Services 0 0 0 0 0
3000/3999 Contractual Services 0 0 0 0 0
4000/4966 Other Charges/Svcs o , o o o o
S000/9366 Commodities o 0 0 0 0
6400/9669 Other Operating Exp. 0 0 0 0 0
6000/69s9 Capital Outlay o o o 260,000 26o.o6o
9000/9999 Transfers 372,000 6~3,000 729,000 073,000 673,000
Final Budget 2002/03 Page 1
CITY OF AVENTURA
2002/03
REVENUE PROJECTIONS
3361200
3353001
3363010
InterGovernmental Revenues
State Revenue Sharing $ 116,114 $ 113,147 $ 115,000 $ 116,009 $ 116,000
Local Option Cap. Impr. Gas Tax 113,971 119,998 127,000 130,000 130,000
Local Option Gas Tax 269~03 284,009 290,000 301,000 301,000
County Transit System Surtax 0 0 0 350,000 350,000
3611000
Interest Earnings $ 9,778 $ 15,689 $ 7,000 $ 7,500 $ 7,500
3999000
Non -Revenue
Carryover $ 133,314 $ 239,881 $ 190,000 $ 20,000 $ 20,000
Final Budget 2002/03 Page 2
CITY OF AVENTURA
EXPENDITURES
OPERATING
Communitv Services - 50-572
3455 Enhanced Transit Services 0 O 0 70,000 70,000
6316
CAPITAL OUTLAY
Community Service.~ - 50-572
Country Club Drive Improvements
$ 280,000 $ 230,000
TRANSFERS
9117 Transferto GeneralFund $ 372,000 $ 553,000 $ 729,500 573,000 573,000
Final Budget 2002/03 Page 3
3351200
State Revenue Proceeds - Revenue received in this category represents a
portion of the total State Revenue Sharing Funds. Their source is the motor fuel
tax and is restricted to road construction and maintenance. Based on information
from the State, it is anticipated that $115,000 will be received in the upcoming
fiscal year.
3353001/ .... 010
Local Option Gas Tax - The County has adopted two phases of the local option
gas tax. The first phase is six cents per gallon on fuel and is collected by the
State's Department of Revenue and remitted monthly based on a formula which
provides a weight of 75% to population and 25% to center line mileage in each
city. These funds must be used for transportation related expenditures. The
second phase must be used for transportation expenditures needed to meet the
requirements of the capital improvements elements of an adopted
comprehensive plan.
County Transit System Surtax - County voters approved a 1/2 percent sales tax
increase for transportation needs that goes into effect January 2003. As
provided by County Ordinance the cities receive 20% of the proceeds based
upon population. Based on information provided by the County is anticipated
3455
Enhanced Transit Services - Funds will be used to fund required 20% of County
Transit System Sur[ax for. enhanced public bus transportation system beyond
levels set in the 2001/02 budget.
6316
Country Club Drive. Improvements - Funds will be used to assist in funding the
improvements which include resurfacing, curbing, street lighting, landscaping
and irrigation.
9101
Transfer To General Fund - After the budget is reviewed, specific expenditure
accounts in the Community Services Department and the Capital Improvement
Program witl be designated as funded from this fund. Although we will account
for these expenditures within the General Fund, transfers will be made once per
month from the Street Construction and Maintenance Fund to the General Fund
to reimburse the General Fund for actual expenditures made from these
designated expenditure accounts.
Final Budget 2002/03 Page 4
Budget Amendments
2000 Loan Construction Fund 340
Revenues
Non -Revenue
3999000 Carryover 0 4.000.000 4.000.000
SUBTOTAL
Expenditures
C~rnmunity Services
6203 Waterways Park
SUBTOTAL
4.000.000 4.000.000
Total Amendments-
GENERAL FUND 001
Revenues
Non -Revenue
3999000 Ca.over 7.500.000 ~.400.000 8.900.000
SUBTOTAL
Expenditures
Community services
6316 country Club Drive Improve
SUBTOTAL
1,400,000 1,400,000
Total Amendments-
Final Budget 2002/03 Page 1