COUNCIL AGENDA ITEM
SUBJECT:
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Resolution No. 2025-R-37; Final Year End Budget appropriations for Fiscal Year 2024-2025.
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DEPARTMENT:
Finance
SUMMARY:
Florida Statutes including Chapter 166.241 provides that the City Council shall adopt a final budget and all adjustments within 60 days following the end of the fiscal year after the end of the fiscal year, the budget amendment must be adopted in the same manner as the original budget unless otherwise specified in the charter of the respective municipality. The City Manager and staff performed a final year-end budget to actual review of the revenue and expenditure for each fund. The City Council of the City of Edgewater amends the Fiscal Year 2024-2025 budget by revising the budget in total pursuant to itemizations contained in Exhibit "A" of the resolution.
There were four lines crossed on prior exhibit that are being corrected in the final amendment as follows:
* The increase to the Fire Impact fee fund was shown inadvertently on the Recreation impact fee fund. This was the $12,750 for the upfit of donated equipment.
* The increase for the $31,474 insurance true-up was shown on the Workers Comp fund line.
* The attached exhibit adjusts all funds in total.
Total city-wide amendment is $179,222 of which $24,911 for transfers for total cost increase of $154,311.
The following makes up the additional amendment items:
* $119,400 for additional State contributions to the Police ($72,631) & Fire Pensions ($46,769)
* There was lighting strike damage at Fire Station 55 that we are working with the insurance company to receive reimbursement. The generator was an emergency need and was repaired for a cost of $24,911. Additional damages occurring in FY26 will be included in a separate budget amendment.
* Legal services for the SB180 in the amount of $10k was incurred in FY25 and an additional $10k will be included in a separate budget amendment for FY26.
BUDGETED ITEM: ? Yes ? No ? Not Applicable
BUDGET AM...
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