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Res 37-02RESOLUTION NO. 37-02 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DRI.RAY BEACH, FLORIDA, AMENDING RESOLUTION NO. 56-01 ADOPTED SEPTEMBER 19, 2001, WHICH MADE APPROPRIATIONS OF SUMS OF MONEY FOR AIJ. NECESSARY EXPENDITURES OF THE CITY OF DF.I.RAY BEACH, FLORIDA, FOR THE FISCAL YEAR 2001/2002, BY SETTING FORTH THE ANTICIPATED REVENUES AND EXPENDITURES FOR THE OPERATING FUNDS OF THE CITY FOR THE FISCAL YEAR 2001/2002; REPEALING AIJ. RESOLUTIONS INCONSISTENT HEREWITH. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That Section 1 of Resolution No. 56-01 adopted by the City Commission of the City of Delray Beach, Florida, on September 19, 2001, is hereby repealed, and a new Section 1 is enacted and amended to read as follows: That the following sums of money, attached hereto and marked Exhibit "A', ate hereby appropriated upon the terms and conditions herein set forth. Section 2. That, subject to the qualifications contained in this resolution, all appropriations made out of the General Fund are declared to be maximum, conditional and proportionate appropriations, the purpose being to make the appropriations payable in full in the amounts herein named if necessary and then only in the event the aggregate revenues collected and other resources available during the period commencing the 1st day of October, 2001, and ending the 300' day of September, 2002, for which the appropriations are made, are sufficient to pay all the appropriations in full. Otherwise, said appropriations shall be deemed to be payable in such proportion as the total sum of realized revenue of the General Fund is to the total amount of revenues estimated by the City Commission to be available in the period commencing the 1't day of October, 2001, and ending the 300' day of September, 2002. Section 3. That all balances of the appropriations payable out of the General Fund of the City Treasury unencumbered at the close of business on the 300' day of September, 2001, except as otherwise provided for, are hereby declared to be lapsed into the City Treasury and may be used for the payment of the appropriations which may be made in any appropriation for the fiscal year commencing the 1 't day of October, 2001. However, nothing in this section shall be construed to be applicable to unencumbered balances remaining to the credit of the Water and Sewer Fund, Sanitation Fund or any Fund created by the setting up of special revenue, but such balances shall be used in financing the proposed expenditures of these Funds for the fiscal year commencing the 1't day of October, 2001. Section 4. That no department, bureau, agency or individual receiving appropriations under the provisions of this resolution shall exceed the amount of its appropriation, except with the consent and approval of the City Commission first obtained. If such department, bureau, agency or individual shall exceed the amount of its appropriation without such consent and approval of the City Commission, the administrative officer or individual, in the discretion of the City Commission, may be deemed guilty of neglect of official duty and may be subject to removal therefor. Section 5. That nothing in this resolution shall be construed as authorizing any reduction to be made in the amounts appropriated in this resolution for the payment of interest on, or retirement of, the debt of the City of Delray Beach, Florida. Section 6. That none of the monies enumerated in this resolution in connection with the General Fund, Water and Sewer Fund, Sanitation Fund or any other Fund of the City shall be expended for any purposes other than those for which they are appropriated, and it shall be the duty of the Budget Administrator and/or Finance Director to report known violations of this section to the City Manager. Section 7. That all monies collected by any department, bureau, agency or individual of the City government shall be paid promptly into the City Treasury. Section 8. That the foregoing budget is hereby adopted as the official budget of the City of Delray Beach, Florida, for the aforesaid period. However, the restrictions with respect to the expenditures/expenses of the funds appropriated shall apply only to the lump sum amounts for classes of expenditures/expenses which have been included in this resolution. ~ecfion 9. That public hearings were held on the tax levy and the budget on September 4, 2001, and September 19, 2001. Section 10. That this resolution shall become effective mediately upon passage. PASSED AND ADOPTED in regular session on this the 7* day of May, 2002. MAYOR City Clerk -2- Res. No. 37-02 EXHIBIT A BUDGET SUMMARY CITY OF DELRAY BEACH, FLORIDA FISCAL YEAR 2001-2002 CASH BAJ.ANCES BROUGHT FORWARD ESTIMATED REVENUES: TAXES AD VALOREM TAXES AD VALOREM TAXES AD VALOREM-DELINQUENT AD VALOREM - DDA Sales & Use Taxes Franchise Taxes Utility Taxes Other Taxes Ucenses & Permits Intergovernmental Charges for Services Fines & Forfeitures Miscellaneous Revenues Olfler Financing Sources TOTAL REVENUES AND OTHER FINANCING SOURCES TOTAL ESTIMATED REVENUES AND BALANCES GENERAL FUND DOWNTOWN DEVELOPMENT ENTERPRISE FUND FUNDS 1,686,610 62,910 6,661,285 7.37 26,549,610 0 63 2,248,000 72,630 1.00 1,600,000 3,408,950 3,891 280 3,855 000 2,575 940 6,224 850 4,894 210 989 500 2,590,990 2,740,200 163,830 87,030 29,508,630 6,000 1,154,510 60,000 61,641,160 169,830 30,810,170 SPECIAL REVENUE FUNDS 953,598 2,033,870 27,900 28,200 1,246,940 3,336,910 TOTAL 9,364,403 26,549,610 2,248,000 72,630 163,830 1,600,000 3,408,950 3,891,280 3,855,000 2,575,940 8,345,750 34,402,640 1,017,400 3,779,700 4,047,140 95,958,070 63,327,77~0 232,7~40 37,471,45~5 4,290,50~8 105,322,473. EXPENDITURES/EXPENSES: General Govemment Services Public Safety Physical Environment Transportation Economic Environment Human Services Culture & Recreation Debt Service Olher Financing Uses TOTAL EXPENDITURES/EXPENSES Reserves TOTAL EXPENDITURES AND RESERVES 7,888,525 34,827,002 340,890 1,405,179 2,220,989 128,000 8,577,753 4,848,100 3,046,880 63,283,318 44,452 63,327,770 232,740 232,740 232,740 21,289,567 46,000 3,146,078 696,745 271,620 4,091,664 6,809,590 5,220,290 37,411,111 4,160,443 60~344 37,471,455 130,065 4,290,508 7,888,525 34,873,002 21,630,457 1,405,179 5,599,807 128,000 13,366,162 11,657,690 8,538,790 105,087,612 234,861 105,322,473 RES. NO. 37-02 MEMORANDUM TO: FROM: SUBJECT: MAYOR AND CITY COMMISSIONERS CITY MANAGER ~ AGENDA ITEM # ~,J'- REGULAR MEETING OF MAY 7, 2002 RESOLUTION NO, 37-02 (MID-YEAR BUDGET ADJUSTMENT) DATE: MAY 3, 2002 Resolution No. 37-02 makes mid-year adjustments to the adopted budget for Fiscal Year 2002. attached are support schedules and backup documentation for your review. Recommend approval of Resolution No. 37-02 amending the mid-year budget. Also s/Chevelle:Agmemo.Re~ ~7-02 Amending Mad-Year 2002 Budget 5107102 MEMORANDUM TO: FROM: SUBJECT: DATE: David T. Harden, City Manager Regina M. Frazier, Budget Administrato~,~ Mid-Year Budget Amendment for FY 01/02 May 3, 2002 Attached please find Resolution Number 37-02 which amends the budget for Fiscal Year 2001/02. Also attached are supporting schedules and backup documentation for your review. Please let me know if you have any questions. cc: Rebecca O'Connor, Treasurer RESOLUTION NO. 37-02 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF D~Y BEACH, FLORIDA, AMENDING RESOLUTION NO. 56-01 ADOPTED SEPTEMBER 19, 2001, WHICH MADE APPROPRIATIONS OF SUMS OF MONEY FOR Al.I. NECESSARY EXPENDITURES OF THE CITY OF DFJ,RAY BEACH, FLORIDA, FOR THE FISCAL YEAR 2001/2002, BY SETFING FORTH THE ANTICIPATED REVENUES AND EXPENDITURES FOR THE OPERATING FUNDS OF THE CITY FOR THE FISCAL YEAR 2001/2002; REPEALING Al J, RESOLUTIONS INCONSISTENT HEREWITH. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DE1.RAY BEACH, FLORIDA, AS FOI.I.OWS: Section 1. That Section 1 of Resolution No. 56-01 adopted by the City Commission of the City of Delray Beach, Florida, on September 19, 2001, is hereby repealed, and a new Section 1 is enacted and amended to read as follows: That the follow/ng s~ms of money, attached hereto and marked Exhibit "An, are hereby appropriated upon the terms and conditions herein set forth. Section 2. That, subject to the qualifications contained in this resolution, all appropriations made out of the General Fund are declared to be maximum, conditional and proportionate appropriations, the purpose being to make the appropriations payable in full in the amounts herein named if necessary and then only in the event the aggregate revenues collected and other resources available during the period commencing the 15t day of October, 2001, and ending the 30t~ day of September, 2002, for which the appropriations are made, are sufficient to pay all the appropriations in full. Otherwise, said appropriations shall be deemed to be payable in such proportion as the total sum of realized revenue of the General Fund is to the total amount of revenues estimated by the City Commission to be available in the period commencing the 15t day of October, 2001, and ending the 30~ day of September, 2002. Section 3. That all balances of the appropriations payable out of the General Fund of the City Treasury unencumbered at the close of business on the 30~ day of September, 2001, except as otherwise provided for, are hereby declared to be lapsed into the City Treasury and may be used for the payment of the appropriations which may be made in any appropriation for the fiscal year commencing the 1 '~ day of October, 2001. However, nothing in this section shall be construed to be applicable to unencumbered balances remaining to the credit of the Water and Sewer Fund, Sanitation Fund or any Fund created by the setting up of special revenue, but such balances shall be used in financing the proposed expenditures of these Funds for the fiscal year commencing the 1't day of October, 2001. Section 4. That no depaiul,ent, bureau, agency or individual receiving appropriations under the provisions of this resolution shall exceed the amount of its appropriation, except with the consent and approval of the City Commission first obtained. If such deparmxent, bureau, agency or individual shall exceed the amount of its appropriation without such consent and approval of the City Commission, the administrative officer or individuaI, in the discretion of the City Commission, may be deemed guilty of neglect of official duty and may be subject to removal therefor. Section 5. That nothing in this resolution shall be construed as authorizing any reduction to be made in the amounts appropriated in this resolution for the payment of interest on, or retirement of, the debt of the City of Delray Beach, Florida. Section 6. That none of the monies enumerated in this resolution in connection with the General Fund, Water and Sewer Fund, Sanitation Fund or any other Fund of the City shall be expended for any purposes other than those for which they are appropriated, and it shall be the duty of the Budget Administrator and/or Finance Director to report known violations of this section to the City Manager. Section 7. That all monies collected by any depaxuuent, bureau, agency or individual of the City government shall be paid promptly into the City Treasury. Section 8. That the foregoing budget is hereby adopted as the official budget of the City of Delray Beach, Florida, for the aforesaid period. However, the restrictions with respect to the expenditures/expenses of the funds appropriated shall apply only to the lump sum amounts for classes of expenditures/expenses which have been included in this resolution. Section 9. That public healings were held on the tax levy and the budget on September 4, 2001, and September 19, 2001. Section 10. That this resolution shall become effective mediately upon passage. PASSED AND ADOPTED in regmhr session on this the 7m day of May, 2002. ATTEST: MAYOR City Clerk -2- Res. No. 37-02 EXHIBIT A BUDGET SUMMARY CITY OF DELRAY BEACH, FLORIDA FISCAL YEAR 2001-2002 CASH BALANCES BROUGHT FOR~NARD ESTIMATED REVENUES: TAXES AD VALOREM TAXES AD VALOREM TAXES AD VALOREM-DELINQUENT AD VALOREM - DDA Sales & Use Taxes Franchise Taxes Utility Taxes Olher Taxes Licenses & Permits Intergovernmental Charges for Services Fines & Forfeitures Miscellaneous Revenues Other Financing Sources TOTAL REVENUES AND OTHER FINANCING SOURCES TOTAL ESTIMATED REVENUES AND BALANCES GENERAL FUND DOWNTOWN DEVELOPMENT ENTERPRISE FUND FUNDS 1,686,610 62,910 6,661,285 7.37 26,549,610 O.S3 2,248,000 72,630 1.00 1,600,000 3,408,950 3,891,280 3,855,000 2,575,940 6,224,850 4,894,210 989,500 2,590,990 2~740,200 61,641 ~160 63,327,770 SPECIAL REVENUE FUNDS 953,598 163,830 6,000 169~830 232,74~0 87,030 2,033,870 29,508,630 27,900 1,154,510 28,200 60~000 1~246~940 30,810,170 3,336,910 37,471,45...~~5 4,290,508 TOTAL 9,364,403 26,549,610 2,248,000 72,630 163,830 1,600,000 3,408,950 3,891,280 3,855,000 2,575,940 8,345,750 34,402,940 1,017,400 3,779,700 4,047,140 95,958,070 105,322,473 General Government Sewices Public Safety Physical Environment Transportation Economic Environment Human Services Culture & Recreation Debt Service Olher Financing Uses TOTAL EXPENDITURES~.XPENSES Reserves TOTAL EXPENDITURES AND RESERVES 7,888,525 34,827,002 340,890 1,405,179 2,220,989 128,000 8,577,753 4,848,100 3.~046~880 63,283,318 44~452 63,327,770 232,740 232,740 232,740 46,000 21A89,567 3,146,078 4,091,664 696,745 6,809,590 5~220~90 271,620 37,411,111 4,160,443 60t344 130~065 37,471,45.~.5 4,290,50.~.8 7,888,525 34,873,002 21,630,457 1,405,179 5,599,807 128,000 13,366,162 11,657,690 8~538,790 105,087,612 234t861 105,322,473 RES. NO. 3702 Mid Year Budget Amendment Fiscal Year 2001-2002 General Fund Summary The General Fund budget as of the six-month period ending March 31, 2002 totaled $61,626,805. Adjustments of $1,700,965 were made for an amended total of $63,327,770. Adjustments greater than $5,000 have been noted Prior Year Encumbrances/Surplus Encumbrances will be reduced by $10,000 which will be offset by a reduction in expenditures. Surplus brought forward will be increased by $1,285,505 which primarily represents $1,305,000 brought forward for the Mervil settlemem less $20,875 for the MacArthur Foundation Grant. Ad Valorem Tax Revenue The City can anticipate a surplus of $263,550 which represents a surplus of $254,920 in current ad valorem tax revenue and $8,630 in delinquent tax revenues. Sales and Use Taxes The City can expect a shortfall of $400 in local alternative fuel taxes We are projecting optional gas tax revenues to be at budget at fiscal year end. Franchise Taxes The City can anticipate a surplus of $424,950 based on an increase in the projection for franchise fees based on electric usage ($295,000), telephone usage ($95,350), and gas ($32,000). Utility Taxes The City can expect a shortfall of $18,720 by fiscal year end. This is primarily based on a shortfall in utility taxes based on gas ($20,000). Other Taxes The City can anticipate a surplus of $200,000 for communication services tax revenue. Licenses A surplus of $5,250 is expected and is based primarily on an increase in occupational license revenue ($5,000). Permit Revenues A positive variance of $135,000 is expected at this time. Surplus balances arc expected for building permits ($150,000), paving permits ($10,000), and seawall/dock permits ($7,000). This is offset by estimated shortfalls in air conditiomng/hcat permits ($5,000), and shutter permits ($9,000). Mid Year Budget Amendment Fiscal Year 2001-2002 lnterl~overnmental Revenues A shortfall of $12,820 is expected at fiscal year end. This is primarily due to a projected shortfall in the revenue sharing line item ($190,000) and the Palm Beach County Owl Foundation Grant ($5,000) offset by estimated surplus balances in state sales tax ($25,000), Palm Beach County Sheriff's Grant ($23,330), MacArthur Foundation Grant ($58,270), EMS Grant ($61,100), and occupational license revenues ($2,000). Char~es for Services The City can expect a shortfall of $383,230. The shortfall is due to a decrease in the projections for zoning fees ($9,000), conditional use fees ($9,000), other governmental charges ($4,000), other public safety ($13,940), parking fees ($24,500), facility rental - teen center ($11,000), sponsorships ($150,000), tennis memberships ($35,000), tennis memberships ($17,500), tennis lesson sales - combined sites ($105,000), tennis general admissions ($20,500), sale of merchandise ($35,500). This is offset by surplus balances expected in plat approval fees ($11,250), site approval fees ($10,700), transport fees - Highland Beach ($20,000), road impact fees ($5,000), and parking fees - Atlantic Avenue and Gleason Street ($20,000). Please note that there is corresponding decreases on the expense side relative to tennis lessons and to the sale of merchandise. Fines and Fodeitures The City can expect a surplus $258,000 at fiscal year end. This is primarily due to an increase in parking fines ($100,000), the reimbursement of $12.50 Traffic Violation fines ($183,000), and false alarm fees ($5,000) offset by estimated shortfalls in code enforcement fines ($20,000) and penalties levied for not having building permits ($1o,ooo). Interfund Transfers A surplus of $125,000 is anticipated due to an increase in the transfer from the Insurance Fund ($140,000) offset by a decrease in the projection for the Debt Service Fund interest earnings transfer ($15,000). This is due to lower interest rates than ori~naily anticipated. Contribution from Other Funds No variance is expected at this time. Recover~ of Administrative Costs No variance is expected at this time. Miscellaneous Revenue A shortfall of $571,120 is expected at fiscal year end. The shortfall is primarily due to an estimated shortfall in interest earnings on investments ($615,000), interest earnings on tax collections ($41,500), and refund of prior year expenditures ($8,000) and miscellaneous revenues ($10,000). This is offset by an increase in revenues due to tennis stadium rentals ($14,320), Drug Enforcement operational expense reimbursement ($23,770), donated property ($42,220), CRA Downtown Business Area reimbursement ($10,000), and miscellaneous contributions ($5,000). The surplus relative to donated property ($42,000) is negated by a corresponding expense. Geao~ Fu~l Reve~ CAT~GORY FY02 APPROVED BUDGET PROPOSED ADJUSTMENT FY 02 REVISED BUDGET Ad Valorem Tax~s Sales and Use Taxes Franchise Taxes Utility Taxes Other Taxes Licenses and Permits Charges for Se~ic~s Fines and Forfeitures Misc~ll~n~mm ~ 28,606,690 1,600,400 2,984,000 3,910,000 3,655,000 2,435,690 6,237,670 5,277,440 731,500 3,162,1 I0 2,615,200 263,550 (4OO) 424,950 (18,720) 200,000 140,250 (12,820) (383,230) 258,000 (571,120) 125,000 28,870,240 1,600,000 3,408,950 3,891,280 3,855,000 2,575,940 6,224,850 4,894,210 989,500 2,590,990 2,740,200 Surplus Brought Forward Total General Fund Revenm 411~105 1~275,505 SI,700,96fl 1,686,610 Mid Year Budget Amendment Fiscal Year 2001-2002 General Fund Expenditures General Government This category includes the legislative and administrative departments of the City and the miscellaneous division. Thc increase in General Government expenditures totals $1,460,457. The majority of this increase is in the Miscellaneous division in order to fund the $1,305,000 for the Mervil settlement as well as the $62,500 for Langton Associates grant writing services. The increase in the City Clerk's budget covers additional expenses associated with increased election costs as well as funding to republish the City's Code of Ordinances using services provided by Municipal Code Corporation. Management Information Systems budget includes funding an additional Senior Office Automation Analyst to continue this division's reorganization which will lead to increased productivity and performance. This division is currently using contracted employees to assist in handling the increased workload. Adjustments were also made in all the departments in this category to fund the General Employee Pension contribution made in December as well as adjustments based on new health and disability insurance rates. Public Safety This category includes the Police and Fire Departments and Community Improvement. The increase in Public Safety expenditures totals $502,223. The Police Department's budget decrease includes the removal of surplus health and disability insurance funds. Adjustments also include the addition of grant funding for salaries and equipment as well as a decrease in equipment expenses with a corresponding reduction in the E911 reimbursements. The increase in the Fire Department totals $570,259. This includes funding to cover salary and benefit increases as a result of the new union contract as well as adjustments to health and disability insurance premiums. Also included is the purchase of a Medjockey Ill Emergency Response Unit as well as other equipment funded by a State of Florida EMS Grant. The Community Improvement budget shows a net decrease of $3,925 due to health and disability insurance adjustments. Physical Environment This category, which consists of Public Works Administration and the Cemetery, includes an increase of $5,490 mainly resulting from salary shortfalls due to the new Blue Collar Union Contract. Transportation The net change in this category is an increase of $42,260 mainly due to increased salary expenses for blue collar employees. Mid Year Budget Amendment Fiscal Year 2001-2002 General Fund Expenditures (continue O Economic Environment This category shows a net increase of $203,584 largely due to the increased tran~er to the CRA based on increased ad valorem revenue. Also included in this category is the balance of the Downtown Business Area Plan which is offset by revenues brought forward from the MacAl'thur Foundation. Culture and Recreation This category includes thc Parks and Recreation Department, the Old School Square Grant and the Library. The changes in this category equate to a net decrease of $201,390. The majority of this surplus is thc result of vacancies in thc Parks Maintenance division as well as the adjustments made based on thc changes in health and disability insurance premiums. Additional funding is included to cover salary shortages as a result of position rcanocafions and the blue collar contract. Debt Service The increase in debt sen;ice is due to the interest expense for the 2002 Revenue Bond issued for the purcha~ of the Atlantic High School and Barwick Road properties. Other Financing Uses This category accounts for Interfund transfers. The increase in expenditures totals $100,000 which is being transferred to the Beautification Fund due to increased revenue from the Communication Service Tax. The remaining balance after all revenue and expense adjustments were made resulted in a decrease in contingency funds of $458,589 for a balance of $44,452. Gem~lF~nd~d~res CATEGORY/DEPARTMeNT City Comml.qsiol~ City Mm,~r civ/C~k Fimnoo Adm~rmion Mana~ma~t Informtim Systans ci~ ^uom~ Total ~ Go~t Ser~es Polioo Community Total Pablic Safety Physk~! l~n4remmm Public Works Adminimafion Down~m~n Bus,ess Ar~ Plan Mi~enaneous Grams O~r Finan~n~ Uses Total Ecmmmtc Envitmmlent Hmmm ~ ~ Onmts Total Total CMture mai Reerealion Rm Total Gener]d Fund Expenditures APPROVED BUDGET ~28,3Ol 266,768 82,160 362,79O 463,190 963,O75 201,847 961,218 648,940 453320 519,603 26,040 18,614,985 13~312,034 2~397,760 134,520 200,880 476,700 265,645 556,283 64,291 21,065 122,000 1,874,410 S,~017,47S 128,000 su %519,743 56,000 18/,000 1,016,400 $8,~79,143 PROPOSED ADSUSTMENT 1,720 4,080 (10) 1,480 21,635 7,641 (380) 23,06O (4,350) 4,30o (5,420) (65) (1,730) 1,408,496 Sl,4~,457 (64,111) 5?O,259 0,925) SSe2,222 (5,910) 11,400 8,950 13,730 0 19,580 (251390) 50,000 0 0 ($201,390) 47,000 $100,0O0 (S4SS,S89) FYe2 REVISED BUI)GET 230,021 270,848 82,150 364,2?O 484,825 970,716 201,467 984,278 644,590 457,620 904,146 519,538 339,52O 1,434,536 18,55O,~74 13,g82.~93 2~393,~35 128,610 212,280 485,65O 279,375 556,283 83,871 Sl,40S,179 73,669 120,430 2,026,890 S2~20,989 128,000 Sl~,m 7,268,353 106,000 187,000 1,016,400 S4,848,1oo $63,327,77o Mid Year Budget Amendment Fiscal Year 2001-2002 Otker Funds Law Enforcement Trust Fund This budget is being adjusted to account for the actual revenues received during this fiscal year and to adjust the balance brought forward from fiscal year 2001 to the actual fund balance as of September 30, 2001. A small amount of funds are being used to offset negative accounts and the balance is being placed in reserves. Commlmity Development Fund Fiscal Year 2000/01 balances for CDBG, HOME, SHIP, Substance Abuse, Hope3, and the Renaissance Program were brought forward. Also included are adjustments made to cover General Employee Pension contributions which are offset by the decrease in health and disability premiums. Beautification Trust Fund Due to increased revenue from the Communication Services Tax, an additional $100,000 is being transferred into this fund fi:om the General Fund and placed in contingency. Sanitation Fund The change in the Sanitation Fund totals $24,480 of which $21,970 is being placed into project reserve. Other adjustments include those for the health and disability insurance premiums as well as an increase in the bad debt expense of $3,000 based on year to date actuals. Water and Sewer Fund Changes in the Water and Sewer Fund amounted to a decrease in the budget of $140,900 for a total budget of $26,199,998. A decrease in interest earnings of $249,000 is offset by adjustments made in the McNab Avenue project and surplus funding for the South Central Regional Wastewater Plant. Adjustments were also made for health and disability insurance premium reductions. Municipal Golf Course The revenue decrease of $10,000 in this fund is due to the poor performance in interest earnings. Funding of $50,000 is included for the architectural fees associated with the renovation of the greens. Lakeview Golf Course The increase in this fund of $25,000 is to cover increased payroll and insurance expenses for Dubin & Associates Mid Year Budget Amendment Fiscal Year 2001-2002 Other Funds (continued~ StormWater Utilities A decrease in this fund of $23,460 is mainly due to a reduction in interest earnings as well as the deletion of thc Florida Inland Navigation District gram in thc amount of $10,000. This grant for the N.E. 4~ Seawall Park was not awarded and will be sought again in fiscal year 2003. Gm'ane Fund Adjustments in this fund combine for a net increase of $104,400. An additional $80,000 is being budgeted due to additional outside service expenses. Also included is an increase in the cost of parts for inventory. These changes are reflected in both the garage expenditures and the departmental revenues. Adjustmems are also being made based on the changes in the health and disability insurance premiums. Insurance Fund Adjustments to this fund include the decreased expenses for the City's disability insurance plan effective May 1, 2002 as well as adjustments to the health insurance premiums. Revenues received from the departments and the associated expenses are both being adjusted based on these new rates. Other minor adjustments are being made to correspond to changes made in various benefit line items due to staffvacancies throughout the City.