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Home My WebLink AboutItem 20 First Reading of Ordinance for Fiscal Year 2025-26 City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org STAFF REPORT Meeting Date: July 21, 2026 Item #: 20 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 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 another budget amendment to address additional appropriations of revenue and expenditures for the General Fund, Forest Lake Golf Fund, Recreation Impact Fund and the ARPA Fund. The total General Fund adopted budget was $77,222,251. Ordinance 2026-07 was approved at the June 2nd City Commission meeting, which increased the budget to $77,459,726. Subsequently, staff identified that the General Fund requires additional appropriation of $4,363,356 to account for the forgiveness of the advance to the Forest Lake Golf Fund from the prior fiscal year. This forgiveness requires a corresponding revenue appropriation in the Forest Lake Golf Fund of $4,363,356. The Recreation Fund requires additional appropriations of $500,000 for the driving range project at Forest Lake Golf Course. Funding from accumulated impact fees will be used for this project. The ARPA Fund requires additional appropriations of $1,500,000 for the driving range project at Forest Lake Golf Course. Funding from accumulated interest earnings will be used for this project. 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 Honorable Mayor and City Commission approve the proposed budget amendment as described and detailed in the attached schedule. Attachments: 1. Ordinance 2. Budget Amendment Schedule 2026 Forest Lake GC 3. Business Impact Estimate - Budget Amendment City of Ocoee ▪ 1 N. Bluford Avenue ▪ Ocoee, Florida 34761 Phone: (407) 905-3100 ▪ www.ocoee.org Financial Impacts: Expenditures in the General Fund are being increased to recognize the forgiveness of the advance to the Lake Forest Golf Fund. Accumulated impact fees (Recreation Impact Fund) and accumulated interest earnings (ARPA Fund) are being used to fund the driving range upgrade at Forest Lake Golf Course. Type of Item: First Reading 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 AND AMENDED BY ORDINANCE 2026- 07 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 and amended by Ordinance 2026-07 is hereby amended as follows: Increase in appropriations in expenditure totaling $4,363,356 in the General Fund; and increase in revenue of $4,363,356 in the Forest Lake Golf Fund. Increase of appropriations totaling $500,000 in the Recreation Impact Fund; and an increase of $1,500,000 in the ARPA 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 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 GENERAL FUND Increase/(Decrease) in Transfer Out Decrease in Receivable Notes 001-132902 ADVANCES TO FOREST LAKE GOLF FUND 4,363,356 Forgive loan in Forest Lake Golf Fund 001-516-00-9000 TRANSFERS OUT 4,363,356 - 4,363,356 4,363,356 No impact on fund balance. FOREST LAKE GOLF FUND Decrease in Loan Increase/(Decrease) in Transfers In Notes 418-236902 ADVANCE FROM GENERAL FUND 4,363,356 Forgive loan in Forest Lake Golf Fund 418-38-1000 TRANSFERS IN 4,363,356 4,363,356 - No impact on fund balance. REC IMPACT FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 110-572-00-6302 CAPITAL IMPROVEMENTS 500,000 Driving range project at Forest Lake Golf Course (P000479) 110-30-000 BEGINNING CASH - 500,000 500,000 500,000 Funding from accumulated recreation impact fees. ARPA FUND Increase/(Decrease) in Expenditure Increase in Revenue Notes 120-516-00-6302 CAPITAL IMPROVEMENTS 1,500,000 Driving range project at Forest Lake Golf Course (P000479) 120-30-0000 BEGINNING CASH - 1,500,000 1,500,000 1,500,000 Funding from accumulated earned interest. FY 2026 Budget Amendment/True-up Schedule 1 City of Ocoee Business Impact Estimate Proposed ordinance’s title/reference: This Business Impact Estimate is provided in accordance with section 166.041(4), Florida Statutes. If one or more boxes are checked below, this means the City is of the view that a business impact estimate is not required by state law1 for the proposed ordinance, but the City is, nevertheless, providing this Business Impact Estimate as a courtesy and to avoid any procedural issues that could impact the enactment of the proposed ordinance. This Business Impact Estimate may be revised following its initial posting. ☐ The proposed ordinance is required for compliance with Federal or State law or regulation; ☐ The proposed ordinance relates to the issuance or refinancing of debt; ☐ The proposed ordinance relates to the adoption of budgets or budget amendments, including revenue sources necessary to fund the budget; ☐ The proposed ordinance is required to implement a contract or an agreement, including, but not limited to, any Federal, State, local, or private grant or other financial assistance accepted by the municipal government; ☐ The proposed ordinance is an emergency ordinance; ☐ The ordinance relates to procurement; or ☐ The proposed ordinance is enacted to implement the following: a. Part II of Chapter 163, Florida Statutes, relating to growth policy, county and municipal planning, and land development regulation, including zoning, development orders, development agreements and development permits; b. Sections 190.005 and 190.046, Florida Statutes, regarding community development districts; c. Section 553.73, Florida Statutes, relating to the Florida Building Code; or d. Section 633.202, Florida Statutes, relating to the Florida Fire Prevention Code. In accordance with the provisions of controlling law, even notwithstanding the fact that an exemption noted above may apply, the City hereby publishes the following information: 1 See Section 166.041(4)(c), Florida Statutes. 2 1. Summary of the proposed ordinance (must include a statement of the public purpose, such as serving the public health, safety, morals and welfare): 2.An estimate of the direct economic impact of the proposed ordinance on private, for-profit businesses in the City of Ocoee, if any: (a) An estimate of direct compliance costs that businesses may reasonably incur; (b) Any new charge or fee imposed by the proposed ordinance or for which businesses will be financially responsible; and (c) An estimate of the City’s regulatory costs, including estimated revenues from any new charges or fees to cover such costs. 3.Good faith estimate of the number of businesses likely to be impacted by the proposed ordinance: 4. Additional information the governing body deems useful (if any):