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Sfr4rrr � <br /> � �. City of Sunny Isles Beach <br /> ' 18070 Collins Avenue <br /> " i° ,, Sunny Isles Beach, Florida 33160 <br /> 's¢f`'' PLO' '' ,,° (305)947-0606 City Hall ti <br /> V r 5='4 " (305)949-3113 Fax <br /> MEMORANDUM <br /> TO: The Honorable Mayor and City Commission <br /> VIA: Christopher J. Russo, City Manager <br /> FROM: Audra K. Curts-Whann, Finance Director <br /> DATE: 9/18/2014 <br /> RE: An Ordinance Amending the 2013-2014 Budget to adjust Capital <br /> Projects Revenue and Expenditures to meet revised expectations <br /> and actual needs <br /> RECOMMENDATION: <br /> Staff recommends City Commission approve the Ordinance. <br /> REASONS: <br /> Based upon actual transactions and anticipated results through the end of the <br /> fiscal year, the budget for Transfer of Development Rights (TDR's) revenue has <br /> been reduced, and the budgets for Bonus collections of various types have been <br /> increased (net reduction to capital projects revenue budget totals $3.417 million). <br /> In addition, individual project budgets have been adjusted to meet actual needs, <br /> transferring budgets between projects as needed, increasing several for actual <br /> needs, as well as closing a completed project. Ending budgeted fund balance <br /> was reduced by $2.543 million after completion of all adjustments. <br /> ATTACHMENTS: <br /> • Ordinance <br /> • Budget Amendment No. 1314-05 <br /> • Notice of Public Hearing Miami Herald <br /> Agenda Item No.9B <br /> Date 9/18/2014 <br /> 95 <br />