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Resolution No. 2023-030RS CITY OF CLERMONT CLERMONT RESOLUTION NO 2023-03OR Cinrte� MClungas� A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, AUTHORIZING BUDGET AMENDMENTS FOR THE CITY OF CLERMONT FOR FISCAL YEAR 2022-2023 WHEREAS, it is hereby found and determined by the City Council of the City of Clermont, Lake County, Florida, that the following budget amendments are necessary for the Fiscal Year October 1, 2022 to September 30, 2023: CAPITAL PROJECTS FUND Capital Projects Fund ( 2023 Current Proposed Budget Total 2023 Revised Account Description Budget Amendments Budget Beginning Reserves $0 $13,515,580 $13,515,580 Facilities Maintenance $0 $7,707,368 $7,707,368 Economic Development $0 $1,492,976 $1,492,976 Ending Reserves $0 $4,315,236 $4,315,236 CAPITAL PROJECTS FUND BALANCE — Net Decrease of $9,200,344 ARPA FUND ARPA Fund 2023 Current I Proposed Budget Account Description Budget Amendment Beginning Reserve $0 $7,339,852 Rehiring Staff/ARPA Admin $0 $744 Transfer to Water Fund $0 $2,000,000 Transfer to Sewer Fund $0 $1,750,000 Transfer to Stonmwater Fund $0 $2,000,000 Ending Reserves $0 $1,589,108 ARPA FUND BALANCE — Net Decrease of $5,750,744 Total 2023 Revised Budget $7,339,852 $744 $2,000,000 $1,750,000 $2,000,000 $1,589,108 d' CLERWa,,, NT WATER FUND CITY OF CLERMONT RESOLUTION NO 2023-03OR Water Fund I 2023 Current Proposed Budget Total 2023 Revised Account Description Budget Amendment Budget Transfer from ARPA $0 $2,000,000 $2,000,000 Cap Out-Oth Imp Str scape 95113 $0 $2,000,000 $2,000,000 WATER FUND BALANCE — No change SEWER FUND Sewer Fund 2023 Current Proposed Budget Total 2023 Revised Account Description Budget I Amendment Budget Transfer from ARPA $0 $1,750,000 $1,750,000 Cap Out-Oth Impr Street 95113 $0 $1,750,000 $1,750,000 SEWER FUND BALANCE — No change STORMWATER FUND Stormwater Fund Account Description Transfer from ARPA Cap Out-Oth Imp Street 95113 2023 Current I Proposed Budget Total 2023 Revised Budget Amendment Budget $0 $2,000,000 $2,000,000 STORMWATER FUND BALANCE — No change $0 $2,000,000 $2,000,000 Change to Fund Balance — All Funds — Decrease of $14,951,088 S' CITY OF CLERMONT RESOLUTION NO 2023-03OR CLER�T NOW, THEREFORE, BE IT RESOLVED, that the above said budget amendments of the City of Clermont for the Fiscal Year 2022-2023 are hereby adopted. DONE AND RESOLVED by the City Council of the City of Clermont, Lake County, Florida, this 12th day of September, 2023. ATTEST: CITY OF CLERMONT Tim Murry, ryo�r Tracy Ackroyd owe, MMC City Clerk as 2ans, and legality: Ulaity Attorney