HomeMy WebLinkAboutR2012-61 General Fund Budget Amendment Transferring Savings to Capital Projects Reserve AccountRESOLUTION 2012-61
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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 2011-2012 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 2011-2012 budget to the Capital Projects Fund in order to continue 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
General Fund budget for Fiscal Year 2011-2012 as follows:
Budget Amendment:
Sources of Funds: - General Fund
Department / Division
Finance
Finance
General Services Village Hall
General Services Village Hall
Library
Non -Departmental
Law Enforcement
Facility Services
Sanitation
Sanitation
Street Maintenance
Reserves & Contingencies
Village Attorney
Village Manager
Village Manager
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
Operating
Capital
Personnel
Operating
Personnel
Operating
Operating
Personnel
Personnel
Reserves & Contingencies
Operating
Personnel
Operating
Transfer out to Capital Projects Fund
Transfer in from General Fund
General Fund CIP Funding
Beach
Use Source
$ 13,000
$ 5,000
$ 33,725
$ 2,275
$ 14,000
$101,000
$ 93,000
$ 58,000
$ 24,000
$ 26,000
$ 47,000
$ 47,000
$ 20,000
$ 6,000
$ 10,000
$500,000
$500,000
$500,000 I
$500,000 I $500,000
$500,000
$500,000
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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, 2012.
PASSED AND ADOPTED THIS 25th DAY OF OCTOBER 2. /
*V4?)R
VILLAGE CLERK
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