Res. No. 102-01-11250ovum ivnaiui
Florida
2001
RESOLUTION NO.102-01-11250
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF SOUTH MIAMI,FLORIDA,RELATING TO
CURRENT YEAR'S BUDGET;DIRECTING THE CITY
MANAGER TO ENGAGE THE INDEPENDENT AUDITOR
THAT CONDUCTED THE LAST CITY AUDIT TO PERFORM
AN INTERIM MID YEAR REVIEW,WITH A THREE MEMBER
CITIZEN BUDGET REVIEW COMMITTEE AUDIT BEFORE
THE FINAL APPROVAL OF NEXT YEAR'S BUDGET;
PROVIDING FOR EXPENDITURE FROM ACCOUNT NO.01-
1100-511-3210 ENTITLED "AUDITOR'S FEE";PROVIDING AN
EFFECTIVE DATE.
WHEREAS,in recent weekstheMiamiHeraldhadseveralstoriesinthe
newspaperaboutthefinancial problems inCity of Homesteadthatarosefromuse
of cashtobalancetheoperatingbudget,andtransfer of fundsfromspecial
accountstogeneralfundfor operating purposes,amongotherfinancial
transactions;and
WHEREAS,theuse of cashtobalancethe budget inanygivenfiscalyear
isanonrecurringrevenuethatmayleadtodeficitspendinginthefollowing fiscal
year oncethecashisused;and
WHEREAS,inthelastthreeyears,theCity of SouthMiamihasreliedon
use of cashtobalanceitsgeneralfundbudget,andthecurrent year's budget
includesseveralrevenuesourcesthatwillnolongerbeavailableforuseinthenext
fiscal year general fund budget.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA;
Section1.TheCityManagerishereby directed toengagethe
independentauditorthatconductedthelastCityaudittoperformaninterimmid
year audit„review^M
thefinalapproval of thenext year's budget.
Section2.Expenditure fromaccountno.01-1100-511-3210 entitled
"Auditor's Fee."
Additionsshownby underlining and deletions shownbyoverstriking.
Section 3.The interim auditshallbe performed withthe specific
purpose of determining the following:
a)reasonableness of the current year's revenue projections
b)nonrecurring revenuesinthe cuirent year's budget astotheir
impacts on next year's budget
c)review of theCitycash position as prepared bythe Finance
Department
d)cuirent leases that will affect next year's budget
e)any other matter thatmayadversely affect theCity finances inthe
future
Section 4.This resolution shalltake effect immediately upon approval.
PASSED AND ADOPTED this 24_day of July,2001
ATTEST:APPROVED:
READ AND APPROVED AS TO FORM:
CITY ATTORNEY
(as amended 7/24/01)
MAYOR
Commission Vote:4-0
MayorRobaina:Yea
Vice Mayor Feliu:Yea
Commissioner Wiscombe:Yea
Commissioner Bethel:Yea
Commissioner Russell:out of room
Page2 of 2
South Miami
Florida
•*-:*-.•••••*••.*•
m«tomrtm§ftw
2001
Excellence,Integrity,Inclusion
MEMORANDUM
To:HonorableMayor,Vice Mayor
andCity Commission
From:Charles Scurr
City Manager
REQUEST
Date:July20,2001
Re:Agenda Item 1(0
Engage Independent Auditor toperform
interim midyearauditbeforethe final
approval of nextyear'sbudget.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI,FLORIDA,RELATING TO CURRENT
YEAR'S BUDGET;DIRECTING THE CITY MANAGER TO ENGAGE
THE INDEPENDENT AUDITOR THAT CONDUCTED THE LAST
CITY AUDIT TO PERFORM AN INTERIM MID YEAR AUDIT
BEFORE THE FINAL APPROVAL OF NEXT YEAR'S BUDGET;
PROVIDING FOR EXPENDITURE FROM ACCOUNT NO.01-1100-
511-3210 ENTITLED "AUDITOR'S FEE";PROVIDING AN
EFFECTIVE DATE.
BACKGROUND AND ANALYSIS
TheattachedresolutionsponsoredbyViceMayor Feliu andCommissionerBetheldirectstheCity
Managertoengagethe independent auditorthat conducted thelastCityaudittoperforman
interimmidyearauditbeforethe final approval of nextyear'sbudget.
RECOMMENDATION
Approvalisrecommended.