HomeMy WebLinkAboutR2015-78 Budget Amendment - Capital Improvement Plan FundingRESOLUTION 2015-78
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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 2015 TO TRANSFER SAVINGS FROM
VARIOUS GENERAL FUND ACCOUNTS TO THE CAPITAL PROJECTS
RESERVE ACCOUNT TO FUND THE 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 2015
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 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 THE VILLAGE
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 2015 as follows:
Budget Amendment:
Account
General Fund:
A8051-35235
A8050-33183
A5540-49032
Total General Fund
Capital Projects Fund:
K3900-09180
K5541-66000
Total Capital Projects Fund
Description
Use Source
Pool — Contractor Activity Expense $90,000.00
Tennis — Lessons Expense $52,000.00
Transfer out to Capital Projects Fund $142,000.00
$142,000.00 $142,000.00
Transfer in from General Fund
Reserve Expenses — Capital
$142,000.00
$142,000.00
$142,000.00 $142,000.00
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 All resolutions or parts of resolutions in conflict herewith are hereby repealed to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.
Se tion 5..,y, his resolution shall take effect retroactive to September 30, 2015.
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`o PASSED AND7ADOPTED THIS 12th DAY OF NOVE ► : = ' , 2015.
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ATTEST
VILLAGE CLERK