HomeMy WebLinkAboutR2013-58 Budget Amendment - General Fund Five-Year Capital Improvement Plan Funding•
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RESOLUTION 2013-58
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL
FUND BUDGET FOR FISCAL YEAR 2012-2013 TO TRANSFER SAVINGS
FROM VARIOUS GENERAL FUND ACCOUNTS TO THE CAPITAL
PROJECTS RESERVE ACCOUNT TO FUND THE FIVE-YEAR CAPITAL
IMPROVEMENT PLAN; PROVIDING FOR CONFLICTS; AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, the Village Council wishes to transfer available savings from the Fiscal Year 2012-2013
General Fund Budget, as identified by the Finance Department during its preliminary year-end review,
to the Capital Projects Reserve Account to fund the Village's Five -Year Capital Improvement Plan
(CIP); and
WHEREAS, the Village Council determines that the adoption of a budget amendment to transfer
savings in the General Fund to the Capital Projects Reserve Account 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 for Fiscal Year 2012-2013 as follows:
Budget Amendment:
Sources of Funds: General Fund
Department / Division
Public Works — Facility Services
Public Works — Facility Services
Public Works — Administration
Public Works — Vehicle Maintenance
Public Works — Sanitation
Public Works — Streets & Grounds
Public Works — Streets & Grounds
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
Personnel
Personnel
Operating
Transfer out to Capital Projects Fund
Transfer in from General Fund
General Fund CIP Funding
Use
$265,000
$265,000
Source
$ 25,000
$ 78,000
$ 20,000
$ 50,000
$ 30,000
$ 36,000
$ 26,000
$265,000
$265,000
$265,000
$265,000 I $265,000
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.
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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 All resolutions or parts of resolutions in conflict herewith are hereby repealed to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, 2013.
PASSEDAND ADOPTED THIS 14th DAY OF NOVEMBER, 2013.
yytsNAtgNf� "''
(Village Seal)
a 'i..0i;:.. CD F.
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VILLAGE CLERK
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