HomeMy Public PortalAbout1991_05_14_R099The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED ~ay 14, 1991
91-99 ADOPTED May 14, 1991
AUTHORIZING THE AMENDMENT OF THE GENERAL FUND BUDGET FOR
THE FISCAL YEAR ENDING JUNE 30, 1991, AND THE TRANSFER OF FUNDS
FROM THE CAPITAL PROJECT FUNDS
WHEREAS, the town recently concluded operations for the third quarter of fiscal year 1991; and
WHEREAS, an evaluation of the town's financial performance was made in a memorandum to
Council dated May 3, 1991, for the period ending March 31, 1991, and for the conclusion of the fiscal
year; and
WHEREAS, due to Leesburg~s financial condition and present economic climate, as well as a
continuance of this economic condition into the future, it is recommended that the general fund budget
be amended to incorporate changes identified in the attached fund balance projection.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The budget for the general fund is hereby amended to provide for the transfer of
$750,000 in available funds from the town's capital project funds.
SECTION II. A transfer of bond funds in the amount of $250,000 is authorized from the Buildings
Capital Project Fund to the General Fund. This transfer is a reimbursement to the general fund for a
portion of the $1,448,500 in contributions from the general fund over the past three years.
SECTION III. A transfer in the amount of $220,000 is authorized from the Storm Drainage Capital
Project Fund to the General Fund. This transfer is a reimbursement to the general fund for a portion
of the $775,575 in contributions from the general fund over the past three years.
SECTION IV. A transfer of $280,000 is authorized from the Streets/Highways Capital Project
Fund to the General Fund. This transfer is a reimbursement of a portion of the $540,430 in
contributions from the general fund over the past three years.
PASSED this 14 th day of May
Clerk of Council
R:Gen. Fund.Bud
Robert 'E. Sevila, Mayor
Town of Leesburg
GENERAL FUND
FUND BALANCE PROJECTION
FY 1991
DESCRIPTION
REVENUES
FUND BALANCE FUND BALANCE
ADJUSTED PROJECTION PROJECTION
BUDGET ACTUAL WITH OUT ADJ. PROPOSED WITH ADJ.
FY 1991 3-31-91 FY 1991 ADJUSTMENTS FY 1991
PROPERTY TAXES
OTHER LOCAL TAXES
PERMITS, FEES & LICENSES
FINES & FORFEITS
REVENUE FROM USE OF PROPERTY
PUBLICATIONS
MISCELLANEOUS
TRANSFERS FROM OTHER FUNDS
REVENUE FROM THE COMMONWEALTH
PARKS & RECREATION FEES
TOTAL GENERAL FUND REVENUE
3,447,100
8,398,985
1,818,500
180 000
730756
5 000
75 000
708 000
955 807
513 175
10,885,663
3,388,811
1,150,817
585 748
118 889
llB 688
5 630
60 468
688 350
511 806
335 100
6,903,101
3,081,985 3,081,985
8,058,000 8,058,000
1,873,500 1,873,500
147,000 147,000
149,960 149,960
7,000 7,000
60,000 60,000
870,597 750,000 1,680,597
988,845 988,845
438,388 438,388
8,997,155 750,000 9,747,155
EXPENDITURES
TOWN COUNCIL
CLERK OF COUNCIL
TOWN MANAGER
PERSONNEL
TOWN ATTORNEY
FINANCE
CABLE TV COMMISSION
ENVIRONMENTAL ADVISORY COMMISSION
POLICE
ENGINEERING & INSPECTIONS
PUBLIC WORKS ADMINISTRATION
STREET MAINTENANCE
STORM DRAINAGE
STREET LIGHTS
PARKING METERS & LOTS
REFUSE COLLECTION
MAINTENANCE OF BUILDINGS & GROUNDS
EQUIPMENT MAINTENANCE
PARKS & RECREATION
IDA LEE RECREATION CENTER
PLANNING & ZONING
ECONOMIC DEVELOPMENT
NON-DEPARTMENTAL
DEBT SERVICE
TOTAL GENERAL FUND EXPENDITURES
EXCESS OF REVENUES OVER EXPENDITURES
76,803
98,858
341,837
83,800
65,150
470,508
3,880
4,485
1,788,163
750,587
888,881
787,608
4,000
117,659
500
956,000
87,500
370938
865 055
498,570
750 068
14 481
308,565
1,888,668
9,889,100
996,563
66,601 81,103 81,103
70,384 89,959 89,959
871,931 325,464 385,464
10,138 83,430 83,430
49,489 65,153 65,153
390,503 465,713 465,713
8,698 3,880 3,880
3,839 4,003 4,003
1,403,791 1,881,843 1,881,843
554,801 789,589 789,589
178,884 888,408 888,408
548,898 714,047 714,047
L~,4~8 86,888 86,888
61,745 110,800 1t0,800
45 i00 100
710,170 1,075,000 1,075,000
45,543 70,100 70,100
~8o,~71 399,956 399,956
187,035 874,088 874,088
450,101 598,899 598,899
544,?39 696,649 696,649
11,116 13,775 13,775
191,558 308,887 308,887
1,881,015 1,77!,630 1,771,630
7,307,047 9,878,778 0 9,878,778
(403,946) (881,683) (131,683)
BEGINNING FUND BALANCE 851,933 851,933 851,933 ~,.~J~' ~"
PRIOR YEAR EXPENDITURES 83,778 83,604 83,604 83,778
ENDING FUND BALANCE 1,164,784 (835,617) (713,894) 36,538