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File #: RES 25-029    Version: 1 Name:
Type: Resolution Status: Consent Agenda
File created: 7/17/2025 In control: City Council
On agenda: 7/30/2025 Final action:
Title: RESOLUTION 25-029 OF THE CITY COUNCIL OF THE CITY OF SANIBEL, FLORIDA, APPROVING BUDGET AMENDMENT 2025-009 TO ADJUST THE ALLOCATION OF INDIRECT COSTS AND PROVIDING AN EFFECTIVE DATE (To update departmental and fund budgets based on the results of the fiscal year 2024 City of Sanibel Full Cost Allocation Plan prepared by Maguire Associates of Virginia, Inc. This amendment increases revenue to the General fund by $1,157,092 and increases transfers out in the General fund by $19,463. The amendment also increases revenues to the Ballfield Maintenance fund by $37,943 (including $19,463 increase in transfer from the General fund). The total amendment increases the fiscal year 2025 budget by $1,195,035 (due to transfers between funds and intergovernmental revenue sources))
Attachments: 1. Resolution 25-029
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Title

RESOLUTION 25-029 OF THE CITY COUNCIL OF THE CITY OF SANIBEL, FLORIDA, APPROVING BUDGET AMENDMENT 2025-009 TO ADJUST THE ALLOCATION OF INDIRECT COSTS AND PROVIDING AN EFFECTIVE DATE (To update departmental and fund budgets based on the results of the fiscal year 2024 City of Sanibel Full Cost Allocation Plan prepared by Maguire Associates of Virginia, Inc. This amendment increases revenue to the General fund by $1,157,092 and increases transfers out in the General fund by $19,463.  The amendment also increases revenues to the Ballfield Maintenance fund by $37,943 (including $19,463 increase in transfer from the General fund). The total amendment increases the fiscal year 2025 budget by $1,195,035 (due to transfers between funds and intergovernmental revenue sources))