Item R07BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: May
20, 2009
Division: Budget
& Finance
Bulk Item: Yes _
No X
Department:
OMB
Staff Contact Person/Phone #: Penn Kipp X4470
AGENDA ITEM WORDING: A Public Hearing to consider approval of a resolution for a
Budget Amendment of Fiscal Year 2009 2003 Revenue Bond Debt Service Fund 207.
ITEM BACKGROUND: To align 2003 Revenue Bond Debt Service Fund 207 with revenues and
expenditures of on -going costs of this fund.
PREVIOUS RELEVANT BOCC ACTION: On April 15, 2009, the BOCC gave approval to
advertise for a public hearing to amend the budget for Fund 207. On September 29, 2008, the BOCC
adopted the FY2009 Annual Operating and Capital Budgets.
CONTRACT/AGREEMENT CHANGES: N/A
STAFF RECOMMENDATIONS: Approval
TOTAL COST: N/A Indirect Cost: BUDGETED: Yes X No
COST TO COUNTY: N/A SOURCE OF FUNDS: Various
REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year
APPROVED BY: County Atty *01purchasing Risk Management
DOCUMENTATION:
DISPOSITION:
Revised 2/27/01
Included X Not Required
AGENDA ITEM #
Resolution No. -2009
A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS
WHEREAS, it is necessary to conduct a public hearing as required by section 129.03, Florida Statutes, to amend the following:
2003 Revenue Bonds Debt Service Fund 207, for the fiscal year beginning October 1, 2008 and ending September 30, 2009, now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, that a Public Hearing was
conducted on May 20, 2009, at 3:00 P.M. to 2003 Revenue Bonds Debt Service Fund 207 budget and to adopt the amended budget as follows:
2003 Revenue Bonds -Fund 207
Current
Inc./(Dec.)
Revised
Revenues:
Budget
Budget
207 335120GR
St Shared -Sharing Proceeds
$211,272.00
$0.00
$211,272.00
207 361005GI
Interest Earnings
$0,00
$0.00
$0.00
207 361008GI
Interest Income-FRUFC
$0.00
$60,000.00
$60,000.00
207 381304GT
TmfFm I Centlnfra-304
$6,228,157.00
$0.00
$6,228,157.00
207 389002
Fund Balance Forward
$1,742,671.00
$2,249,732.00
$3,992,403.00
Total
$8,182,100.00
$2,309,732.00
$10,491,832.00
Appropriations:
207 85550
590990
Reserves 207
$29,594.10
$0.00
$29,594.10
207 85550
590991
Reserves 207
$0.00
$1,427,732.00
$1,427,732,00
207 87002
570710, 570720
Guaranteed Ent Refndg Bond
$635,951.90
0.00
$635,951.90
207 87600
570710, 570720
Debt Svc-2003 Rev Bonds
$2,514,820.00
0.00
$2,514,820.00
207 87601
570710, 570720, 570730
DebtSvc-2007 Rev Bonds
$5,001,734.00
WOO
$5,001,734.00
207 87602
570720
FRUFC Revenue Notes
0.00
$882,000.00
$882,000.00
Total
$8,182,100.00
$2,309,732.00
$10,491,832.00
SO.00
$0.00
$0.00
BE IT FURTHER RESOLVED BY SAID BOARD, that the Clerk of said Board, upon receipt of the above, is hereby authorized
and directed to make necessary changes of said items, as set forth above.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting of the Board
on the 20th day of May, AD 2009.
(Seal)
Attest: DANNY L. KOLHAGE, Clerk
Mayor Neugent
Mayor Pro Tern Murphy
Commissioner Wigington
Commissioner Carruthers
Commissioner Di Gennaro
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By:
Bdgt Amendment Reso Fund 207 1
NOTICE OF SUPPLEMENTAL
BUDGET HEARING
Pursuant to the provisions of Section 129.03, Florida Statutes, notice is hereby given that a Public Hearing will be held by the Board of County
Commissioners of Monroe County, Florida, on May 20, 2009 at the hour of 3:00 P.M. at the Murray E. Nelson Government Center, 102050 Overseas Hwy.,
Mile Marker 102.5, Key Largo, FL for the purpose of receiving any comments for the proposed supplemental Budget Amendment for the fiscal year
beginning October 1, 2008, and ending September 30, 2009 for 2003 Revenue Bond Debt Service Fund 207.
2003 Revenue Bond Debt Service Fund 207
Current
Inc./(Dec.)
Revised
Revenues:
Budget
Budget
207-335120GR
St Shared -Sharing Proceeds
$211,272,00
$0.00
$211,272.00
207-361005GI
Interest Earnings
$0.00
$0.00
$0.00
207-361008GI
Interest Income-FRUFC
$0.00
$60,000.00
$60,000.00
207-381304GT
Tmf Fro, 1 Cent Infra-304
$6,228,157.00
$0.00
$6,228,157.00
207-389002
Fund Balance Forward
$1,742,671.00
$2,249,732.00
$3,992,403.00
Total
$8,182,100.00
$2,309,732.00
$10,491,832.00
Appropriations:
207
85550
590990
Reserves 207
$29,594.10
$0.00
$29,594.10
207
85550
590991
Reserves 207
$0.00
$1,427,732,00
$1,427,732.00
207
87002
570710, 570720
Guaranteed Ent Refndg Bond
$635,951.90
$0.00
$635,951.90
207
87600
570710, 570720
Debt Svc-2003 Rev Bond
$2,514,820.00
$0.00
$2,514,820.00
207
87601
570710, 570720, 570730 Debt Svc-2007 Rev Bond
$5,001,734.00
$0.00
$5,001,734.00
207
87602
570720
FRUFC Revenue Notes
0.00
$882,000.00
$882,000.00
Total
$8,182,100.00
$2,309,732.00
$10,491,832.00
$0.00
$0.00
$0.00
Publish 05/18/09 KW Citizen
Bdgt Amendment Adv Fund 207 1
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Yage 1 of 1
Kipp -Penny
From: Marva Green [mgreen@monroe-clerk.comj
Sent: Monday, March 09, 2009 4:27 PM
To: Boan-Tina
Cc: Kipp -Penny
Ladies, I have an interest expense payment for the FRUFC loan to record and I need a budget. Here's my
suggestion for 2009. If you agree, can you tell me when we could have an amendment in place? Thanks
PAYMT Interest
DATE Paymt
01/24/08
07/01/08 384,650 --
01/01/09 441,000
07/01/09 441,000
01/01/10 441,000
07/01/10 441,000
01/01/11 441,000
2,589,650
Balance 9/30/08
Interest Income
Interest Expense
Cash to 2010
Marva Green
Assistant Clerk
Monroe County, Florida
Budget by Year
2008 2009 2010 2011
384,650
441,000
441,000
441,000
441,000
441,000
384,650 882,000 882,000 441,000 2,589,650
2,24%732
361008GI 60,000
2,309,732
87602 570720 882,000
1,427,732
2,309,732
f= Y 69
o .
0•C
3/9/2009
Page 1 of 1
Kipp -Penny
From: Marva Green [mgreen@monroe-clerk.com]
Sent: Friday, May 01, 2009 11:12 AM
To: Kipp -Penny
Subject: RE: Budget Amndment Fund 207
Penny, It looks OK to me.
Marva
From: Kipp -Penny [mailto:Kipp-Penny@monroecounty-fl.gov]
Sent: Friday, May 01, 2009 9:39 AM
To: Marva Green
Subject: Budget Amndment Fund 207
Marva, Attached is the Budget Amendment Resolution for Fund 207 that will be going to the May BOCC
meeting. Please review and let me know if I need to make any changes. Thank You.
%ice, Fury �W
Sr. Budget Analyst
Monroe County BOCC
Office of Budget and Finance
1100 Simonton St. Ste 2-213
Key West, FL 33040
Phone (305) 292-4470 Fax (305) 292-4515
KigDennvCrD m_ onroeGounty-fl.gov
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5/1/2009