TO: Honorable Mayor & Members of the North Port Commission
FROM: Peter D. Lear, CPA, CGMA, City Manager
TITLE: Ordinance No. 2020-12 Amending the Non District Budget for FY 2019-20
Recommended Action
Continue Ordinance No. 2020-12 amending the non-district budget for FY 2019-20 to second reading on March 3, 2020.
Recommended Action on Second Reading
Approve and Adopt Ordinance No. 2020-12 on second reading.
Background Information
Sewer Capacity Fee Fund
On September 10, 2019, the Commission approved the 2019 Amended and Restated Utilities Agreement between West Villages, LLLP, the West Villages Improvement District and the City of North Port. Section 7, Construction of Wastewater Infrastructure included a provision, section 7.1.C. to make an initial payment to reimburse Thomas Ranch Intangibles, LLLP for previously paid Wastewater ERCs within 120 days of completion of construction of the facility. The amount of the initial payment is limited to the amount which, at the time the payment comes due, the City has on hand in its Wastewater Capacity Fund and which has not been committed to pay for another project. Additional quarterly payments are required as well, as the City receives Wastewater Capacity Fees from customers outside the District Boundaries. The amount staff estimates to be paid out to Thomas Ranch Intangibles, LLLP through the end of this fiscal year is currently estimated to be $9,000,000. $1,000,000 was included in the original budget adopted by the City in September, therefore an additional $8,000,000 is being requested.
Forfeiture Fund
$82,000 in revenues from confiscated property will be received by the City. This will be used for $51,000 in operating supplies (i.e. outer vest carriers and attachments and uniforms) and a donation of $5,000 for Teen Court. $26,000 will be returned to fund balance.
Recommended Changes for Second Reading
Increase donation to Teen Court to $10,000 in the Forfeiture Fund. This will decrease the amount returned to fund balance to $21,000. Also included is Exhibit B to meet statutory requirements to allocate forfeiture funds.
Strategic Plan
Infrastructure
Financial Impact
If adopted, this budget amendment will increase the FY 2019-20 Sewer Capacity Fee Fund budget by $8,000,000, funded by reserves. The FY 2019-20 Forfeiture Fund budget will increase by $56,000, funded by Confiscated Property revenue.
Recommended Changes for Second Reading
The FY 2019-20 Forfeiture Fund budget will increase by $61,000 funded by Confiscated Property revenue.
Procurement
NA
Attachments:
1. Ordinance No. 2020-12 First Reading
2. 2020-12 Exhibit A First Reading
3. Ordinance No. 2020-12 Second Reading
4. 2020-12 Exhibit A Second Reading
5. 2020-12 Exhibit B Second Reading
Prepared by: Lisa Herrmann, Budget Administrator
Department Director: Kimberly Ferrell, Finance Director