Loading...
HomeMy WebLinkAboutItem 13 First Reading of Ordinance for Fiscal Year 2025-2026 Mid-Year Budget Amendment City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org STAFF REPORT Meeting Date: May 19, 2026 Item #: 13 Contact Name: Steven Weber Department Director: Steven Weber Contact Number: Ext. 1520 City Manager: Craig Shadrix Subject: First Reading of Ordinance for Fiscal Year 2025-26 Mid-Year Budget Amendment. (Finance Director Weber) Background Summary: A review of the City's financial position through this point in the fiscal year indicates the need for a budget amendment to address additional appropriations of revenue and expenditures for the General Fund, the Capital Project Fund, the Stormwater Fund, the Sanitation Fund, the Community Redevelopment Agency (CRA) Fund, the Recreation Impact Fund and the Road Impact Fund. The total General Fund adopted budget was $77,222,251. Subsequent to the adoption, staff identified that the General Fund requires an additional appropriation of $237,475 for the following: • Police Operations require $10,000 for supplies/equipment for the Training Facility. • Fire Operations require $24,999 transfer to the Capital Project Fund for drone replacement. • Police Operations require $92,080 transfer to the Capital Projects Fund for vehicle replacement. • Public Works - Street Operations requires $14,222 transfer to the Capital Projects Fund for vehicle replacement. • Maintenance Operations requires $11,604 for music studio demolition at 275 N. Lakeshore Drive. • General Government Operations requires $72,003 for FEMA reimbursement to other funds for costs related to Hurricane Ian and Milton. • General Government Operations requires $12,567 for contingency reserves. These additional General Fund expenditures are offset by grant proceeds of $34,999; insurance proceeds of $106,302 ($40,430 from FY25); funds available from a closed capital project of $11,604; and other revenues received in excess of budget of $84,570. The Capital Projects Fund adopted budget was $3,634,893. The Capital Project Fund requires an additional appropriation of $131,301 for the following: • Police vehicle purchases of $92,080 • Public Works - Streets Division vehicle purchase of $14,222 • Fire drone replacement purchase of $24,999 The Stormwater Fund adopted budget was $7,184,567. The Stormwater Fund requires additional appropriation of $22,632 in reserves for FEMA reimbursement of costs associated with Hurricane Ian and Page 536 of 603 City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org Milton. The Sanitation Fund adopted budget was $4,885,856. The Sanitation Fund requires an additional appropriation of $5,669 in reserves for FEMA reimbursement of costs associated with Hurricane Ian and Milton. The Community Redevelopment Agency (CRA) Fund adopted budget was $12,325,226. The Community Redevelopment Agency (CRA) Fund requires additional appropriation of $43,702 in reserves for FEMA reimbursement of costs associated with Hurricane Ian and Milton. The Recreation Impact Fund adopted budget was $663,000. The Recreation Impact Fund requires an additional appropriation of $300,000 for park impact fee credits in relation to the Ocoee Crown Point Mixed Use Development. The Road Impact Fund adopted budget was $3,955,241. The Road Impact Fund requires an additional appropriation of $387,130 for additional costs for the new road improvement part of to the Ocoee Crown Point Mixed Use Development. Issue: Should the Honorable Mayor and City Commission approve the proposed budget amendment as described and detailed in the attached schedule? Recommendations: Staff recommends the Homorable Mayor and City Commission approve the proposed budget amendment as described and detailed in the attached schedule. Attachments: 1. Mid-Year Amendment Schedule 2026 2. Ordinance for FY 2026 Budget Amendment Financial Impacts: The only impacts on fund balances are the additional expenditures related to the Ocoee Crown Point Mixed Use development for the payment of park impact fee credits (Recreation Impact Fund) and new road improvement costs (Road Impact Fund). All other additional fund expenditures are offset by additional revenue. Type of Item: First Reading Page 537 of 603 GENERAL FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 001-521-00-5202 PD OPERATING SUPPLIES 10,000 Increase budget to purchase supplies/equipment for Training Facility (Job G4224MUMU) 001-33-1203 FEDERAL GRANT-PUBLIC SAFETY 10,000 Increase the actual revenue $10,000 from grant program 001-522-00-9105 TRANSFER OUT - CAPITAL 24,999 Transfer Out for Fire Dept Drone Replacement (Job G0003X262) 001-33-4200 STATE GRANT-PUBLIC SAFETY 24,999 Increase the actual revenue $24,999 from grant program 001-521-00-9105 TRANSFER OUT - CAPITAL 92,080 Transfer Out for Police Dept Vehicle Replacement (Job A000588) 001-541-10-9105 TRANSFER OUT - CAPITAL 14,222 Transfer Out for Public Works Streets Division Vehicle Replacement (Job A000590) 001-36-0030 INSURANCE PROCEEDS 65,872 Insurance proceeds from totaled vehicle received in FY26 001-36-0000 MISCELLANEOUS REVENUE 125,000 Includes insurance proceeds from totaled vehicle received in FY25 for $40,429.85 001-516-00-4900 RESERVE FOR CONTINGENCY 12,567 001-519-00-3400 CONTRACTUAL SERVICES 11,604 Addt'l budget for Music Studio Demolition @ 275 N. Lakeshore (Job T5037) 001-38-1000 TRANSFERS IN - 11,604 Transfer from Capital Fund for closed job (P000350) 001-516-00-9000 TRANSFERS OUT 72,003 - General Fund reimbursed other funds for the hurricane Ian and Milton expenses from FEMA reimbursement received in FY25 237,475 237,475 No impact on fund balance. CAPITAL PROJECT FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 317-521-00-6401 VEHICLES 92,080 Increase budget for Police Dept Vehicle Replacement (Job A000588) 317-541-10-6401 VEHICLES 14,222 Additional budget for Public Works Streets Division Vehicle Replacement (Job A000590) 317-522-00-6400 EQUIPMENT 24,999 Increase budget for Fire Dept Drone Replacement (Job G0003X262) 317-38-1000 TRANSFERS IN 131,301 317-519-00-6302 CAPITAL IMPROVEMENTS (11,604) Closed Job P000350 317-519-00-9000 TRANSFERS OUT 11,604 - Transfer to PW Operational Budget for Music Studio Demolition 131,301 131,301 No impact on fund balance. STORMWATER FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 103-538-20-4900 RESERVE FOR CONTINGENCY 22,632 Hurricane Ian and Milton expenses reimbursement from General Fund 103-38-1000 TRANSFERS IN - 22,632 No impact on fund balance. 22,632 22,632 SANITATION FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 402-534-10-4900 RESERVE FOR CONTINGENCY 5,669 Hurricane Ian and Milton expenses reimbursement from General Fund 402-38-1000 TRANSFERS IN - 5,669 No impact on fund balance. 5,669 5,669 CRA FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 130-516-00-4900 RESERVE FOR CONTINGENCY 43,702 Hurricane Ian and Milton expenses reimbursement from General Fund 130-38-1000 TRANSFERS IN - 43,702 No impact on fund balance. 43,702 43,702 RECREATION IMPACT FUND Notes 110-572-00-6302 CAPITAL IMPROVEMENTS 300,000 Ocoee Crown Point Mixed Use Reimbursement - Park (Job P000454) 110-30-0000 BEGINNING CASH BALANCE - 300,000 300,000 300,000 ROAD IMPACT FUND Notes 106-541-00-6302 CAPITAL IMPROVEMENTS 387,130 Ocoee Crown Point Mixed Use Reimbursement - Road (Job P000454) 106-30-0000 BEGINNING CASH BALANCE - 387,130 387,130 387,130 FY 2026 Mid-Year Budget Amendment/True-up Schedule O:\BUDGETS\ANNUAL BUDGETS\Annual Budget 25-26\Budget Amendment\Mid-Year Amendment Schedule 2026 05.14.26 Page 538 of 603 ORDINANCE NO. 2026- AN ORDINANCE OF THE CITY OF OCOEE, ORANGE COUNTY, FLORIDA, RELATING TO THE CITY BUDGET; AMENDING THE CITY BUDGET ADOPTED BY ORDINANCE 2025-20 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026 BY PROVIDING FOR INCREASE OF APPROPRIATIONS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE. SECTION 1. Authority. The City Commission of the City of Ocoee has the authority to adopt this Ordinance pursuant to Article VIII of the Constitution of the State of Florida, Chapter 166 Florida Statutes, and Section C-38 of Article VI of the Charter of the City of Ocoee. SECTION 2. Intent and Purposes. The City of Ocoee budget for the Fiscal Year beginning October 1, 2025, and ending September 30, 2026, as adopted by Ordinance 2025-20 is hereby amended as follows: Increase of appropriations in both revenue and expenditure totaling $237,475 in the General Fund; and increase of $131,301 in the Capital Projects Fund; an increase of $22,632 in the Stormwater Fund; an increase of $5,669 in the Sanitation Fund; and an increase $43, 702 in the Community Redevelopment Agency (CRA) Fund. Increase of appropriations totaling $300,000 in the Recreation Impact Fund; and an increase of $387,130 in the Road Impact Fund as shown in detail, attached hereto and incorporated herein by reference are hereby confirmed, adopted and approved in all respects by the City Commission of the City of Ocoee. SECTION 3. Appropriations. There are expressly appropriated out of anticipated revenues and monies necessary to meet the supplemental appropriations stipulated by and in said amended final budget. SECTION 4. Severability. If any section, subsection, sentence, clause, phrase or portion of this Ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion hereto. SECTION 5. Effective Date. This Ordinance shall become effective ten (10) days after its passage and adoption. PASSED AND ADOPTED this day of , 2026. Space intentionally left blank Page 539 of 603 ATTEST: APPROVED: CITY OF OCOEE, FLORIDA Melanie Sibbitt, City Clerk Rusty Johnson, Mayor (SEAL) ADVERTISED , 2026. READ FIRST TIME , 2026. READ SECOND TIME AND ADOPTED , 2026. UNDER AGENDA ITEM NO. FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA; APPROVED AS TO FORM AND LEGALITY this day of , 2026. FISHBACK DOMINICK By: Rick Geller, City Attorney Page 540 of 603