TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: An Ordinance of the City of North Port, Florida, Adopting the Non-District Budget for the Fiscal Year Beginning October 1, 2024 and Ending September 30, 2025; Adopting the Capital Improvement Budget and Program; Prescribing the Terms, Conditions and Provisions with Respect to the Items of Appropriations and their Payment; Providing for Supplemental Appropriations and Reappropriations; Providing for Findings: Providing for Posting of the Budgets: Providing for Conflicts; Providing for Severability; and Providing an Effective Date.
Recommended Action
Approve Ordinance No. 2024-31 on first reading and move to second reading on September 25, 2024.
Recommended Action on Second Reading
Adopt Ordinance No. 2024-31.
Background Information
During the City Commission Workshop held on March 19, 2024, the City Commission set the budget assumptions, projections and priorities to prepare the Fiscal Year 2024-2025 budget. City Commission Workshops were held on June 24, 2024, and June 25, 2024, to present the City Manager’s Recommended Budget and the Capital Improvement Program. On July 24, 2024, an additional City Commission Workshop was held to discuss the final direction by the City Commission. Based on direction from the City Commission, the Tentative Budget for Fiscal Year 2024-2025 for the Non-Districts and Capital Improvements was prepared as follows:
|
General Fund |
$88,774,940 |
|
Special Revenue Funds |
$39,523,990 |
|
Debt Service Fund |
$2,505,490 |
|
Internal Service Funds |
$23,489,170 |
|
Utility Funds |
$53,696,620 |
|
Capital Funds |
$15,940,810 |
|
Total Non District |
$223,931,020 |
Ordinance No. 2024-31 has been reviewed by the City Attorney and is legally correct as to form.
Pursuant to Florida Statutes Section 166.041(4)(c), a business impact estimate is not required because this ordinance relates to the adoption of budgets or budget amendments, including revenue sources necessary to fund the budget.
Changes on Second Reading
Project P25PMP Parks & Rec Master Plan (Italy Ave) was added for $250,000 from Parks and Rec Impact Fees.
Updated Totals:
|
General Fund$88,774,940 |
|
|
Special Revenue Funds |
$39,773,990 |
|
Debt Service Fund |
$2,505,490 |
|
Internal Service Funds |
$23,489,170 |
|
Utility Funds |
$53,696,620 |
|
Capital Funds |
$15,940,810 |
|
Total Non District |
$224,181,020 |
Strategic Plan
Good Governance
Financial Impact
Not applicable.
Procurement
Not applicable.
Attachments:
1. Ordinance No. 2024-31
2. Ordinance No. 2024-31 Second Reading
3. Changes since July 24
4. CIP Sheet P25PMP
Prepared by: Lisa Herrmann, Budget Administrator
Department Director: Kim Williams, Finance Director