HomeMy WebLinkAboutR2011-45 Capital Improvement Plan FundingRESOLUTION 2011-45
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A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND BUDGET
FOR FISCAL YEAR 2010-2011 TO TRANSFER SAVINGS FROM VARIOUS
GENERAL FUND ACCOUNTS TO THE CAPITAL PROJECTS RESERVE EXPENSE
ACCOUNT TO FUND THE FIVE-YEAR CAPITAL IMPROVEMENT PLAN;
PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village Council expressed a desire to transfer anticipated savings from the Fiscal Year
2010-2011 budget to the Capital Projects Fund in order to commence funding the Five -Year Capital
Improvement Plan (CIP); and
WHEREAS, during its preliminary year-end review, the Finance Department Administration identified
accounts with savings and recommends transferring these savings to the Capital Projects Reserve Account
to provide CIP funding; and
WHEREAS, the Village Council determines that the adoption of a budget amendment to provide for a
transfer to the Capital Projects Fund is in the best interests of the residents and citizens of the Village of
North Palm Beach.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH,
FLORIDA, as follows:
Section 1. The foregoing recitals are ratified as true and incorporated herein.
Section 2. The Village Council hereby amends the adopted Village of North Palm Beach General Fund
budget- or Fiscal Year 2010-2011-as follows:
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Budget Amendment:
Sources of Funds: - General Fund
Department / Division
Code Enforcement
Facility Services
Fire Rescue
Fire Rescue
General Services Public Safety
General Services Village Hall
Law Enforcement
Law Enforcement
Library
Library
Library
Reserves & Contingencies
Sanitation
Sanitation
Street Maintenance
Street Maintenance
Building
Finance
Finance
S A5540-49032 Transfer Out to Capital Projects Fund
Total
Uses of Funds: - Capital Projects Fund
K3900-09180 Transfer In from General Fund
K5541-66000 Reserve Expenses - Capital
Total
Category
Personnel
Operating
Personnel
Operating
Operating
Operating
Personnel
Operating
Personnel
Operating
Capital
Council Contingency
Personnel
Operating
Personnel
Operating
Personnel
Operating
Personnel
Transfer out to Capital Projects Fund
Transfer in from General Fund
General Fund CIP Funding
Use Source
$817,942
$817,942
$ 17,000
$ 65,000
$ 77,000
$ 12,000
$ 29,000
$ 10,000
$148,000
$ 19,000
$ 30,000
$ 10,000
$ 10,642
$165,000
$ 50,000
$ 45,000
$ 11,000
$ 87,000
$ 9,800
$ 10,000
$ 12,500
$817,942
$817,942
$817,942
$817,942 I $817,942
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Section 3. The Mayor and Village Clerk are hereby authorized and directed to execute the budget
amendment for and on behalf of the Village of North Palm Beach.
Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent
of such conflict.
Section 5. This resolution shall take effect retroactive to September 30, 2011.
PASSED AND ADOPTED THIS 27th DAY OF OCTOBER. 2011.
(Village Sea - y.
VILLAGE CLERK
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