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8185-10ORDINANCE NO. 8185-10 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING CODE OF ORDINANCES ARTICLE VI, DIVISION 2, FISCAL MANAGEMENT PROCEDURE; PROVIDING AN EFFECTIVE DATE. WHEREAS, Cit y of Clearwater Code of Ordinances Article VI, Division 2 describes various fiscal management procedures to be followed by the City; and WHEREAS, several revisions are required based upon changes in state law, charter changes, position title changes and technology changes; now therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CLEARWATER, FLORIDA: Section 1. That Article VI, Division 2., Clearwater Code of ordinances is amended as follows: ARTICLE VI. FISCAL MANAGEMENT* DIVISION 2. FISCAL MANAGEMENT PROCEDURE* Sec. 2.511. Financial administration. Accounting, finance and treasury functions of the city will be combined in a single finance department under the direction of a finance director. For purposes of reference to the historical record or current or future documents wherein either title may appear, the titles city treasurer and finance director are deemed to be synonymous. The finance director shall be the custodian of all monies of the city, which shall be deposited in a ban ualified public de osito in accordance with Florida Statutes Chapter 280, selected by competitive bids or in such other manner as the ^^mmi?ci,.., council may deem appropriate. Funds GA deposit in such bai;k shall be seoured by GellateFal pledg its own . All bank accounts shall be in the name of the city. The finance director will ensure that an accounting system is maintained in accordance with generally accepted accounting principles for governmental accounting as set forth in publications of the O ieeFs sserai"ti^" Governmental Accountin Standards Board and the Financial Accounting_ Standards Board. Ordinance No. 8185-10 Sec. 2.512. Deputy-Assistant finance director. The city manager, upon the request of the finance director, may appoint a-de"gn assistant who, when so appointed, shall have the same powers and authorities and shall conform to all the rules of the city and of the law as the city finance director. Sec. 2.513. Submission of operating budget, capital improvements budget and program and budget message. No later than 60 days prior to the end of each fiscal year, the city manager shall submit to the city eemmissioncouncil as-an operating budget for the ensuing fiscal year, a capital improvements budget and a five-year capital improvements program, and an accompanying budget message. Sec. 2.514. Contents of budget message. The city manager's budget message shall explain the budget both in fiscal terms and in terms of work programs. The budget message shall outline the proposed financial policies of the city for the ensuing fiscal year; describe features of the budget; indicate any major changes from the current year in financial policies, expenditures and revenues, together with the reasons for such changes; summarize the city's debt position and include such other supplementary material as will further explain the organization and content of the budget or such material as the city eemmissieRCouncil may request. Sec. 2.515. Contents of operating budget. (1) Operating budget documents shall provide a complete financial plan of all city funds and activities for the ensuing fiscal year, and shall be presented in such form as stated in this section. In organizing the operating budget, the city manager shall utilize the most meaningful combination of expenditure classifications as will adequately disclose all material amounts budgeted by fund, organization unit, program, purpose or activity, and object. It shall begin with a clear summary of its contents; shall show in detail all estimated revenue including the sources thereof, indicating the proposed property tax level, and all proposed expenditures, including debt service for the ensuing fiscal year; and shall be so arranged as to show comparative figures for actual and estimated revenues and expenditures of the preceding year, and budgeted revenue and expenditures of the current fiscal year. It shall indicate in separate sections: (a) General operating budget. Proposed revenues and expenditures for general operations, including those capital expenditures contained in the operating budget and any transfers of general fund revenues to other funds, during the ensuing fiscal year, detailed to program levels by departments in terms of their respective work programs. (b) Enterprise and WFagovemmental internal service funds. Ordinance No. 8185-10 1. Proposed operating expenditures, including those capital expenditures contained in the operating budget and transfers to other funds, and estimated revenues of all enterprise and ^*r°^^d.^^?°^*°' internal service funds will be attached; 2. A statement of estimated net income or deficit from operations for the current year for each such fund, including the proposed treatment of such net income or deficit. (2) Proposed expenditures or transfers from revenues shall not exceed for each fund the total of estimated income for the ensuing fiscal year plus existing fund resources anticipated to be available for appropriation at the beginning of that year. Sec. 2.517. City cemm°__°c^=ouncil action on budgets. (1) Notice of hearing. In addition to the notice required by general law, theme city eemmisscouncil shall osto on the City's website at least seven days prior to the first statutorily re uired public hearing on the tentative budget and the proposed millage rate: the general summary of the operating budget, the capital improvements budget and program, the rolled-back rate, the percentage increase or decrease and the proposed mills a rate and a notice stating: (a) The times and places where copies of the budget message, operating budget, capital improvements budget and program are available for inspection by the public; and (b) The times and places for public hearings. (2) Amendment before adoption. After the statutorily required public hearings, the city Gernmoss council may adopt the operating and capital improvements budgets with or without amendment. In amending the operating budget, it may add or increase programs or amounts, or may delete or decrease, except expenditures required by law or for debt services or for estimated cash deficit, provided that no amendment to the operating budget shall increase the authorized expenditures to an amount greater than the total estimated income plus existing fund resources anticipated to be available for appropriation at the beginning of the ensuing fiscal year. (3) Adoption. The city eemmissiencouncil shall adopt the operating budget and capital improvements budget and program by separate ordinances on eF bef^'° two week prior to the end of each current fiscal year for the ensuing fiscal year. If it fails to adopt the operating budget by that time, the amounts appropriated for current operation for the current fiscal year shall be deemed adopted for the ensuing fiscal year on a month-to- month basis, with all items in it prorated accordingly, until such time as the city ouncil adopts an operating budget for the ensuing fiscal year. Adoption of the operating budget shall constitute appropriations for the amounts specified therein as expenditures from funds indicated and shall constitute a levy of the property tax therein specified. (4) Notice of hearing regarding discussion of the use of Penny for Pinellas funds or for changes in the amount of project funding. Ordinance No. 8185-10 Prior to the adoption of the capital improvement budget, a special public hearing shall be held to discuss the use of Penny for Pinellas tax. The city eemmissiencouncil shall public once in a newspaper of general circulation at least seven days prior to the hearing a notice stating: (a) The general summary of the proposed usage or change, and the times and places where copies of the proposed changes are available for inspection by the public; and (b) The times and places for the public hearing. Sec. 2.519. Amendments after adoption. (1) Supplemental appropriations. If during the fiscal year the city manager certifies that there are available for appropriation revenues in excess of those estimated in the budget, the city ouncil, by ordinance, may make supplemental appropriations for the year up to the amount of such excess. (2) Emergency appropriations. To meet a public emergency affecting life, health, property or the public welfare, the city eemmissiencouncil may make emergency appropriations. Such appropriations may be made by emergency ordinance. To the extent that there are no available unappropriated revenues to meet such appropriations, the city run-mm'°-s;^^council may by such ordinance authorize the issuance of emergency notes which may be renewed from time to time, but the emergency notes and renewals of any fiscal year shall be paid not later than the last day of the fiscal year next succeeding that in which the emergency appropriation was made. (3) Reduction of appropriations. If at any time during the fiscal year it appears probable to the city manager that the revenues available will be insufficient to meet the amount appropriated, such event shall be reported to the city ooMmissieRcouncil without delay. Such report shall indicate the estimated amount of the deficit, any remedial action taken by the city manager and recommendation as to any other steps to be taken. The city ouncil shall then take such further action as it deems necessary to prevent or minimize any deficit, and for that purpose it shall by ordinance reduce one or more appropriations. (4) Transfer of appropriations. At any time during the fiscal year the city manager may for reasons of economy or efficiency, transfer part or all of any unencumbered appropriation balance among programs within an operating fund, provided such action does not result in the discontinuance of a program. The city manager may transfer appropriations within the capital budget provided such transfer does not result in changing the scope of any project or the fund source included in the adopted capital budget. Such operating and capital transfers must be included in the next budget review presented to the city ^^^^?^. - - . - council. Upon detailed written request by the city manager, the city ouncil may by ordinance transfer part or all of any unencumbered appropriation balance from one fund to another. (5) Limitations; effective date. No appropriation for debt service may be reduced or transferred except where such reduction or transfer is surplus and will not jeopardize the specific debt service requirements. No appropriation may be reduced below any amount required by law to be appropriated by more than the unencumbered balance 4 Ordinance No. 8185-10 thereof. The supplemental and emergency appropriation and reduction or transfer of appropriations authorized by this section may be made effective immediately upon adoption. (6) If after adoption of the capital improvements budget and program there is a change proposed for the use of Penny for Pinellas tax, adding or subtracting $500,000.00 or more from a project approved in the capital improvement budget or adding new projects in excess of $500,000.00, there shall be an advertised public hearing before the city eernmiss council as set forth in section 2.517(4) above. Sec. 2.520. Lapse of appropriations. Every appropriation, except an appropriation for a capital improvements budget expenditure, shall lapse at the close of the fiscal year to the extent that it has not been expended or encumbered. An appropriation for a capital improvements expenditure shall continue in force until the purpose for which it was made has been accomplished or abandoned. The purpose of any such appropriation may by action of the city s^^^^ council, be declared abandoned if three years pass without any disbursement from or encumbrance of the appropriation. Sec. 2.521. Administration of budget. (1) Payments and obligations prohibited. No payments shall be made or obligation incurred except in accordance with appropriations duly made and unless the-s+ty FnanageF first there are sufficient funds therefrom and are or will be available to cover the claim or meet the obligation when it becomes due and payable. Any authorization of payment or incurring of obligation in violation of the provisions of this division shall be void and any payment so made illegal. Such action shall be cause for removal of any person who knowingly authorized or made such payment or incurred such obligation, and such person shall also be liable to the city for any amount so paid. However, except where prohibited by law, nothing in this section shall be construed to prevent the making or authorizing of payments or making of contracts for capital improvements to be financed wholly or partly by the issuance of bonds or to prevent the making of any contract or lease providing for payment beyond the end of the fiscal year, provided that such action is made or approved by ordinance. (2) Quarterly report. The city manager shall prepare a quarterly report for the operating and capital improvements budgets. Such reports shall contain: (a) Anticipated quarterly income estimates, actual collections and variance between estimated and actual income for all city operating funds; (b) Projected quarterly expenditure estimates, actual expenditures and variance between estimated and actual expenditures for all city operating funds; (c) A narrative explanation of significant variances listed above; (d) Financial status of all active capital improvements projects. Sec. 2.522. Approval of debt instruments. Ordinance No. 8185-10 M Except those obligations incurred pursuant to the provisions of division 3 of this article, the purchasing code of the city, no debt instrument, bonds, notes, mortgages, debentures, loans or other evidences of debt not specified in this division, shall be valid without the explicit approval by a majority of the city rammissieRcouncil. Such approval shall be in the form of an ordinance with public hearings as required by state law, for all debt instruments for which the repayment period extends beyond 12 months after the date of obligation. A city ouncil resolution or ordinance may be used to approve a debt instrument maturing 12 months or less after the date of obligation. The requirements provided in this section shall be considered to be additional or supplementary to the borrowing requirements set out in F.S. ch. 166, pt. II. _(2) in addition to the reqUiFements set out in subseetien (!)of this seotion, all Fevenue bonds fOF pFe;eGts in exeess ef $1,000,000.00 must be submitted to the publiG at a - PUFPGSeS-m Sec. 2.526. Signatures on checks. Checks or warrants for payment of monies shall be signed by mechanical check signing equipment bearing the facsimile signature of the city manager and the finance director. Manually signed checks will be signed by the finance director or his d° esignated alternate and the city manager or his designated alternate. Sec. 2.528. Dishonored check, service fee. (1) Any person issuing a check, draft or any other order to the city for the payment of money, which check, draft or order is dishonored, shall be subject to a service fee in the exceeds $50.00 but does nat exeeed $300.00; $40.00, the faee value exe erderaccordance with Florida Statutes Chapter 68. The service fee shall be in addition to all other penalties imposed by law. Proceeds from this fee, if imposed, shall be retained by the city. (2) Violations involving checks and drafts shall be governed by Florida Statute 832. Section 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING June 17, 2010 Ordinance No. 8185-10 PASSED ON SECOND AND FINAL READING AND ADOPTED Approved as to form: Pamela K. Ain City Attorney Frank V. Hibbard Mayor Attest: OF Fite Cynthia E. Goudeau? City Clerk 7 Ordinance No. 8185-10