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Res No 055-25-16347RESOLUTION NO.055-25-16347 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA,RELATING TO THE FISCAL YEAR 2024/2025 BUDGET;AUTHORIZING A BUDGET TRANSFER OF $3,340,000 FROM THE CAPITAL IMPROVEMENT PROGRAM FUND,PARKS &RECREATION IMPROVEMENT LINE ITEM TO THE ENGINEERING CAPITAL IMPROVEMENT LINE ITEM;PROVIDING FOR IMPLEMENTATION,CORRECTIONS,AND AN EFFECTIVE DATE. WHEREAS,on September 17,2024,the City of South Miami (the “City”)adopted Ordinance No.21-24-2506,approving the Adopted Budget for the Fiscal Year 2024/2025 (the Budget”);and WHEREAS,during the June 3,2025 Capital Improvement Program workshop,staff identified several underfunded capital projects due to underestimated costs in the Budget;and WHEREAS,the City allocated $3,340,000 to the Capital Improvement Fund,Parks and Recreation Improvement line item for the Dante Fascell Community Building project,however, given that the project is not expected to be ready for solicitation or construction in FY 2025,the City desires to reallocate those funds to support other high-priority projects that are ready to move forward in FY 2025;and WHEREAS,Section 2.F.(1),Article IV,of the City’s Charter,provides that at the request of the City Manager,the Commission may transfer,by resolution,any unencumbered appropriation balance or portion thereof between general classifications of expenditure within an office or department or from one office or department to another;and WHEREAS,to fully fund and advance the affected projects,the City Manager recommends a budget transfer in the amount of $3,340,000 from the Capital Improvement Program Fund,Parks &Recreation Improvement line item (301-2000-572-6450),to the Engineering Capital Improvement Fund line item (301-1790-519-6450);And WHEREAS,the City Commission finds that this Resolution is in the best interest and welfare of the City. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA,AS FOLLOWS: Section 1.Recitals.The above-stated recitals are true and correct and are incorporated herein by this reference. Page 1 of 2 Res.No.055-25-16347 Section 2.Authorization.The City Manager is hereby authorized to complete a budget transfer in the amount of $3,340,000 from the Capital Improvement Program Fund,Parks and Recreation Improvement line item (301-2000-572-6450),to the Engineering Capital Improvement Fund line item (301-1790-519-6450) Section 3.Implementation.The City Manager is hereby authorized to take any and all actions necessary to implement the purposes of this Resolution. Section 4.Corrections.Conforming language or technical scrivener-type corrections may be made by the City Attorney for any conforming amendments to be incorporated into the final resolution for signature. Section 5.Effective Date.This Resolution shall become effective immediately upon adoption. PASSED AND ADOPTED this 29th day of July,2025. ATTEST:city^eIk^ READ AND APPROVED AS TO FORM, LANGUAGE,LEGALITY ANDEXECUTIONJHEREOF WEISS SEROTA HELFMAN COLE &BIERMAN,P.L. CITY ATTORNEY APPROVED^^ MAYOR COMMISSION VOTE:5-0 Mayor Javier Fernandez:Yea Vice Mayor Brian Corey:Yea Commissioner Lisa Bonich:Yea Commissioner Steve Calle:Yea Commissioner Danny Rodriguez:Yea Page 2 of 2 Subject: Suggested Action: Meeting Date:July 29, 2025 Submitted By:Nkenga Payne Submitted Department:Finance Department Item Type:Resolution Agenda Section:CONSENT AGENDA A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, RELATING TO THE FISCAL YEAR 2024/2025 BUDGET; AUTHORIZING A BUDGET TRANSFER OF $3,340,000 FROM THE CAPITAL IMPROVEMENT PROGRAM FUND, PARKS & RECREATION IMPROVEMENT LINE ITEM TO THE ENGINEERING CAPITAL IMPROVEMENT LINE ITEM; PROVIDING FOR IMPLEMENTATION, CORRECTIONS, AND AN EFFECTIVE DATE. 3/5 (CITY MANAGER-FINANCE DEPT.) Agenda Item No. 2. CITY COMMISSION Agenda Item Report Attachments: Memo-Budget_Transfer_FY_25_301_Parks_to_PW.docx Resolution-CIP Fund Budget Transfer-Parks to Eng FY 2025.DOCX CIP pages from ADOPTED FY 2024-2025 BUDGET.pdf 1 CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM TO: The Honorable Mayor, Vice Mayor, and Members of the City Commission FROM: Genaro “Chip” Iglesias, City Manager DATE: July 29, 2025 SUBJECT: Budget Transfer – Capital Improvement Program Fund, Parks & Recreation Improvement, line-item, 301-2000-572-6450, to the Engineering Capital Improvement, line-item, 301-1790-519-6450 RECOMMENDATION: Approval of a budget transfer from Capital Improvement Program Fund, Parks & Recreation Improvement, line-item, 301-2000-572-6450, to the Engineering Capital Improvement, line-item, 301-1790-519-6450. BACKGROUND: As discussed during the Capital Improvement Program workshop on June 3, 2025, several capital projects ended up underfunded when the FY 2025 budget was adopted. Unfortunately, the original cost estimates for some of these projects turned out to be lower than the actual funding needed. Since the Dante Fascell Community Building project is not expected to be ready for solicitation or construction in FY 2025, the City is planning to reallocate those funds to support other high-priority projects that are ready to move forward. The City remains fully committed to the construction of the Dante Fascell Community Building and will include a funding appropriation request in the FY 2026 budget. FUNDING: Budget transfer from Capital Improvement Program Fund, Parks & Recreation Improvement, line-item, 301-2000-572-6450, for $3,340,00 to the Engineering Capital Improvement, line-item, 301-1790-519-6450. ATTACHMENTS: Proposed Resolution Adopted CIP Fund from FY 2025 2 $South ’Miami THE CITY OF PLEASANT LIVING CITY OF SOUTH MIAMI BUDGET FY 2025 277 CAPITAL IMPROVEMENT PROGRAM FUND CITY OF SOUTH MIAMI FUND 301 Mission and Responsibilities: The purpose of the Capital Improvement Fund is to establish and cover multi-year expenditures of major capital projects and expenditures for all General Government programs. The adopted Capital Improvement Projects expenditures are identified on the Five–Year Capital Improvement Project listing within the Capital Improvement Program section of this budget. The Capital Improvement Fund finances the General Government’s Capital Improvement Projects (CIP) as outlined and listed in the City’s Five-Year Financial Forecast for the years 2015-2019 as listed in the Capital Improvement Program of this document. The City generally defines a Capital Improvement Project (CIP) to be any project, which possesses the following characteristics: 1. Exceeds an estimated cost of $5,000. 2. Has an estimated useful life of 5 years or more. The CIP Fund receives transfers from the General Fund based on the long -term capital budget needs of the various City Departments and the Recreation programs. Revenues may also include transfers from other financial sources and investment interest. For years prior to FY 2012, the City would incorporate into the Departmental budget expenses related to Capital Improvements for various General Government Programs. For years 2012 and forward, general fund CIP expenditures are made directly from the CIP fund, providing more clarity to the budgeting process. 5 South ’Miami THE CITY OF PLEASANT LIVING CITY OF SOUTH MIAMI BUDGET FY 2025 278 CAPITAL IMPROVEMENT PROGRAM FUND CITY OF SOUTH MIAMI FUND 301 ACCT NO ACCOUNT CLASSIFICATION ACTUAL FY 22 ACTUAL FY 23 BUDGET FY 24 ESTIMATE FY 24 ADOPTED FY 25 BEGINNING FUND BALANCE 790,570 1,829,564 2,633,728 2,633,728 3,798,428 REVENUES 3010000 3811000 TRANSF. FROM GENERAL FUND 2,565,547 3,158,994 6,771,872 6,771,872 7,229,866 3010000 3811300 TRANSF. FROM PD HEADQTR 0 0 1,178,294 1,178,294 0 TOTAL REVENUE 2,565,547 3,158,994 7,950,166 7,950,166 7,229,866 EXPENSES 3011410 5136430 FINANCE EQUIPMENT 0 216,773 0 0 0 3011600 5246440 DEVELOPMENT SERV VEHICLES 0 0 0 0 0 3011720 5346440 SOLID WASTE VEHICLES 107,805 153,034 270,000 267,210 0 3011730 5416450 CAPITAL IMPROVEMENT 0 24,755 50,000 50,000 25,000 3011790 5196450 ENGINEERING CAPITAL IMPROV 517,809 470,320 2,324,000 1,252,887 6,268,294 3011910 5216440 POLICE VEHICLES 0 350,026 495,000 480,000 0 3011910 5216450 POLICE CAPITAL IMPROVEMENT 0 0 0 0 735,000 3012000 5726440 PARKS VEHICLES 0 47,874 200,000 190,506 0 3012000 5726450 PARKS & REC IMPROVEMENT 900,939 1,092,048 5,775,000 4,453,260 4,000,000 3012020 5726450 COMM CTR IMPROVEMENT 0 0 125,000 72,114 0 3012030 5726450 MURRAY AQUATIC CTR IMPROV 0 0 30,000 19,489 0 TOTAL CAPITAL EXPENSES 1,526,553 2,354,830 9,269,000 6,785,466 11,028,294 3011310 5139920 GENERAL CONTINGENCY 0 0 0 0 0 OTHER FUNDING SOURCES 0 0 0 0 0 TOTAL FUND EXPENSES 1,526,553 2,354,830 9,269,000 6,785,466 11,028,294 ENDING FUND BALANCE 1,829,564 2,633,728 1,314,894 3,798,428 0 6 South ’Miami THE CITY OF PLEASANT LIVING CITY OF SOUTH MIAMI BUDGET FY 2025 279 CIP PROJECT SUMMARY: 301-1730-541-6450 Holiday Lighting 25,000 25,000 301-1790-519-6450 Sunset Drive & Town Center Beautification & Placemaking Project 1,778,294 Manor Lane Culvert Replacement Over Twin Lakes Drive 1,900,000 Bridge Repairs at SW 63rd Court Over Twin Lake Canal 750,000 Culvert Replacement Over Broad Canal (Construction FY25) 500,000 Sunset Drive Landscape & Beautification from 69th to 62nd Avenue 400,000 SM Parking Garage-General Improvements & Wayfinding Signs 200,000 SM Parking Garage-Replacement of West End Elevator 80,000 Citywide Landscape Program, Master Plan & Right-of-Way Beautification 400,000 Pedestrian Crossing from Brewer Park to North Neighborhood 150,000 Art and Sculpture Installations 100,000 Signage for Community Rating System 10,000 6,268,294 301-1910-521-6450 Police Radio Upgrade 735,000 735,000 301-2000-572-6450 Dante Fascell Community Building & Civil 3,340,000 Dante Fascell - Trail & 2 Pickleball Courts with Lighting 590,000 Restroom Trailer for South Miami Park 70,000 4,000,000 GRAND TOTAL $11,028,294 7 South ’Miami THE CITY OF PLEASANT LIVING