Statura IntelligenceAmend 2024-2025 operating and capital budget with fund transfers
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ORDINANCE NO. 2025- AN ORDINANCE OF THE VILLAGE OF PINECREST, FLORIDA, AMENDING THE 2024-2025 OPERATING AND CAPITAL OUTLAY BUDGET (4th QUARTER); PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the 2024-2025 Operating and Capital Budget was adopted pursuant to the Village Charter and state law and was based upon estimates of revenues and expenses in various categories; and WHEREAS, the…
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ORDINANCE NO. 2025- AN ORDINANCE OF THE VILLAGE OF PINECREST, FLORIDA, AMENDING THE 2024-2025 OPERATING AND CAPITAL OUTLAY BUDGET (4th QUARTER); PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the 2024-2025 Operating and Capital Budget was adopted pursuant to the Village Charter and state law and was based upon estimates of revenues and expenses in various categories; and WHEREAS, the Village Manager is recommending that the Village Council approve a transfer of funds for the 2024-2025 Operating and Capital Budget and said action requires a budget amendment;
NOW, THEREFORE,
BE IT ORDAINED BY THE VILLAGE COUNCIL OF PINECREST, FLORIDA, AS FOLLOWS: Section 1. Operating and Capital Budget of the Village of Pinecrest for Fiscal Year 2024-2025 is hereby amended as follows: -2- -3- Section 2. This ordinance shall become effective upon adoption on second reading. PASSED on first reading this 18th day of November, 2025. PASSED AND ADOPTED on second reading this ___ day of _________, 2025. Joseph M. Corradino, Mayor Attest: Priscilla Torres, MMC Village Clerk Approved as to Form and Legal Sufficiency: Mitchell Bierman Village Attorney Motion on Second Reading by: Second on Second Reading by: Vote: DATE: November 5, 2025 TO: Yocelyn Galiano, ICMA-CM, Village Manager FROM: Marie Arteaga-Nariño, MBA, Finance Director RE: Budget Amendments, Q4 FY2024 Article 4,
7, Subsection (a) of the Village’s Charter provides the adoption of an ordinance as the mechanism for supplemental appropriations to be made during any fiscal year. Below is a description of each recommended budget amendment for your consideration: 1. Sidewalk Fund Projects: A total of $100,480 revenue source from the Sidewalk Collection Fees account will be allocated to various sidewalk projects. The full amount will be a transfer from the General Fund to the Capital Fund to budget for sidewalk pathways in the Village. Revenue Source Amount Expenditure Item Description Sidewalk Collection Fees General Fund $100,480 Capital Funds Improvements Other than Building Village Wide Sidewalk projects 2. Municipal Impact Fund: Additional funding of $68,500 is required to cover the unbudgeted expenditure for a Municipal Generator. Revenue Source Amount Expenditure Item Description Municipal Impact Fee Fund Reserve $68,500 Municipal Impact Fee Machinery & Equipment Generator 3. Transfer of Carryover amounts: The following carryover amount from Fiscal Year 2025 into Fiscal Year 2026 will be transferred from one fund to another fund. The excess amount in one will be reallocated or transferred to another area that has been identified as requiring additional funds. Revenue Source Amount Expenditure Item Description General Fund Police Department Unused Budget Funds $ 599,447 $100,000 $100,000 Capital Funds Police Machinery & Equipment Capital Funds Pinecrest Gardens, Machinery & Equipment Legal Fes Motorola Radios Furniture, Fixtures, & Equipment for Pinecrest Gardens Restaurant Megladon Case General Fund Parks Department Unused Budget Funds $25,000 Capital Funds Parks Machinery & Equipment Truck Purchase General Fund Building & Planning Department Unused Budget Funds $35,334 Capital Funds Building & Planning Machinery & Equipment Computers Purchase 4. Municipal Impact Fund: Additional funding of $68,500 is required to cover the unbudgeted expenditure for a Municipal Generator. Revenue Source Amount Expenditure Item Description Municipal Impact Fee Fund Reserve $68,500 Municipal Impact Fee Machinery & Equipment Generator 5. Police Services, 911 Funds: Additional funding of $7,925 is necessary to transfer operating cash from the General Fund to one of the 911 accounts, the wireless fund. The county is delayed in remitting funds and will require a transfer to ensure that invoices are paid in a timely fashion. The funds will be returned to the General Fund in the following year when available. Revenue Source Amount Expenditure Item Description General Fund Reserve $7,925 Transfer Out to Wireless 911 Fund Transfer of operating cash to wireless 911 fund.
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