TO: Mayor and Commission AGENDA DATE: 12/9/2024
FROM: City Manager AGENDA ITEM: 8 - J
SUBJECT:
Title
Request for approval of Resolution No. 2024-69, Capital Encumbrance and Project Balance Roll forward Budget Amendment for Fiscal Year 2024-2025.
Body
LOCATION:
Citywide
COST:
General Fund - $43,873
Stormwater Fund - $3,457,286
State Housing Initiative Partnership Fund - $2,497,757
Community Development Block Grant Fund - $52,050
Transportation Fund - $23,288,561
Municipal Complex Fund - $6,570,857
Park Projects Fund - $4,308,081
Deltona Water and Sewer Fund - $37,414,958
Capital Equipment Replacement Fund - $1,396,295
Total (All Funds) - $79,029,718
SOURCE OF FUNDS:
Fund Balance - $75,637,525
Grants - $3,348,320
Developer Escrow - $43,873
ORIGINATING DEPARTMENT:
Finance
POTENTIAL MOTION:
Recommendation
“I move to adopt Resolution No. 2024-69 for the Capital Encumbrance and Project Balance Roll forward Budget Amendment for Fiscal Year 2024-2025.”
END
BACKGROUND:
Background
This is the Capital Encumbrance and Project Balance Roll forward budget amendment from Fiscal Year 2023-2024. The Commission approved the annual budget for FY 2024-2025 on September 16, 2024. Occasionally, certain capital projects are not finalized within the designated 12-month timeframe. The approval of this budget amendments will allow for the continuation of these capital projects, thereby enhancing service delivery to the citizens. The budget amendment itemization is contained as part of the Resolution attached documentation.
End