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ITEM: RESOLUTION NO. R2026-22 (FY 2025-2026 MID-YEAR BUDGET AMENDMENT)
A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL AMENDING THE FISCAL YEAR 2025-2026 GENERAL FUND, GOVERNMENTAL CAPITAL FUND, SOLID WASTE FUND, SALES SURTAX CAPITAL FUND, AND TRANSPORTATION IMPACT CAPITAL FUND BUDGETS FOR MID-YEAR PROJECT AND PROGRAM CHANGES; AND PROVIDING AN EFFECTIVE DATE.
REQUEST: Approval of Resolution No. R2026-22 amending the FY 2025-2026 budgets for the General Fund, Governmental Capital Fund, Solid Waste Fund, Transportation Impact Fund, and Sales Surtax Funds as presented.
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EXPLANATION: Budget amendments required during the fiscal year to maintain operations are presented here as a combined mid-year budget amendment. Adjustments to the budgets for the School Zone Speed Camera Program, Tennis programs, Landscape Contracts, storm debris removal, Sales Surtax, and capital projects budgets, are requested to complete Fiscal Year 2025-2026 within budget.
A. The School Zone Speed Camera Program was implemented after the FY 2025-2026 budget adoption. To date, over $575,000 in revenue has been received, and an additional $175,000 is expected by the end of the school year. In the current year, the added revenue will offset Law Enforcement (PBSO) contract costs for event parking and equipment purchases, and the remainder will reduce the adopted appropriation of General Fund Unassigned Fund Balance. This budget amendment will add $750,000 in Speed Camera Program revenue, to be used for event parking PBSO staff, UTV light bars, and a reduction in fund balance appropriations.
B. Current year budget estimates for Tennis Program Contracts were based on participation projections made in the prior year. Since that time, Tennis programs have experienced higher participation and program contractor costs than initially forecast. Based on revised projections for the remainder of the fiscal year, an additional $109,000 in program contractor expense is expected, and will generate up to $150,000 in corresponding revenues, providing funding for increased mowing expense at our sports facilities resulting from sod changes.
C. The Village incurred debris removal expenditures of $868,000 for Hurricane Milton since October 2024. A budget amendment at that time appropriate funds from the Reserve for Emergencies to cover the expenses in the Solid Waste Fund. This budget amendment will appropriate FEMA reimbursements of $838,571 received in the current year to be returned to the Reserve for Emergencies.
D. The agreement with Wellington Athletics to construct the Sports Academy with bond funding allows for the interest earned on the bond proceeds to be allocated to the project as received. Over the past twelve months, approximately $680,000 in interest earnings has accumulated on the unspent proceeds. This budget amendment will allocate the bond interest earned refund to the Sports Academy project expenditures.
E. In Fiscal Year 2023-2024, the Village appropriated a total of $650,000 for the construction of a traffic signal at Lake Worth Road and Isles View Drive. Fifty percent of the cost was reimbursable from the Palm Beach County School Board. The project was completed this year at a cost savings of $144,200. The savings is requested to be allocated to the Transportation Impact Fee Capital Fund project reserves.
F. The FY 2025-2026 budget for Sales Surtax revenues was prepared with the assumption that $550,000 in Surtax revenues would be collected by the cessation of the tax on December 31, 2025. The Village in fact collected $1,029,901 more in revenue. Additionally, funding for future Sales Surtax projects has been budgeted in the amount of $4.8 million. This budget amendment requests an increase to the Sales Surtax revenue budget, the appropriation of $500,000 in Village Park Parking Improvements expense, and the return of $5.3 million in budgeted project expense to the General Fund Facilities & Infrastructure Reserve to partially refund the monies transferred to the Aquatics Center Project in FY 2024.
BUDGET AMENDMENT REQUIRED: YES
PUBLIC HEARING: NO QUASI-JUDICIAL:
FIRST READING: SECOND READING:
LEGAL SUFFICIENCY:
FISCAL IMPACT: The budget amendment will increase the General, Governmental Capital, Solid Waste, Transportation Impact, and Sales Surtax Funds by a total budget of $8,871,213 for all adjustments.
A. Increase the General Fund Speed Camera Program revenues by $750,000, Law Enforcement expenditures by $22,000, and reducing the appropriation of General Fund Unassigned Fund Balance by $728,000;
B. Increase Recreation revenues by $150,000 and Tennis expenditures budget by $109,000;
C. Increase General Fund sports facility maintenance expense budget by $41,000;
D. Increase FEMA Disaster Recovery revenues by $838,571 and transfer the funds to the General Fund Reserves for Emergencies to reimburse Hurricane Milton debris removal expenditures;
E. Appropriating bond interest of $682,043 to the Governmental Capital Fund revenues and Wellington Sports Academy project expense;
F. Reduce the Traffic Signal at Lake Worth Road & Isles View Project budget by $144,221, and increase Transportation Impact Fund capital reserves; and
Increase the Sales Surtax Fund revenue by $1,029,901 to match actual receipts, and appropriate the added revenue and remaining Sales Surtax Future Projects expenditure budget to Village Park Parking Improvements and transfers out to the General Fund to reimburse the Facility & Infrastructure Reserve.
WELLINGTON FUNDAMENTAL: Responsive Government
RECOMMENDATION: Approval of Resolution No. R2026-22 amending the FY 2025-2026 budgets for the General Fund, Governmental Capital Fund, Solid Waste Fund, Transportation Impact Fund, and Sales Surtax Funds as presented for a total budget increase of $8,871,213.