HomeMy WebLinkAbout2018-08 Budget Amdmt FY 2017-2018_Clubhouse Project•
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ORDINANCE NO. 2018-08
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL
FUND BUDGET FOR FISCAL YEAR 2017-2018 TO PROVIDE FUNDING
FOR THE NORTH PALM BEACH COUNTRY CLUB CLUBHOUSE PROJECT;
TRANSFERRING $3,922,527 FROM THE UNASSIGNED FUND BALANCE
TO THE CAPITAL PROJECTS FUND COUNTRY CLUB CLUBHOUSE PROJECT
CAPITAL ACCOUNT; PROVIDING FOR CONFLICTS; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, in order to provide additional funding for the North Palm Beach Country Club
Clubhouse Project, the Village Council wishes to amend the General Fund Budget to transfer
$3,922,527 from the Unassigned Fund Balance to the Capital Projects Fund Country Club
Clubhouse Project Capital Account; and
WHEREAS, because this amendment increases the total amount of the budget, this transfer must
be accomplished by ordinance as required by Section 166.241, Florida Statutes; and
WHEREAS, the Village Council determines that the adoption of this budget amendment is in the
best interests of the residents and citizens of the Village of North Palm Beach.
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE
OF NORTH PALM BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are hereby ratified as true and correct and incorporated herein.
Section 2. The Village Council hereby amends the adopted Village of North Palm Beach
General Fund budget for Fiscal Year 2017-2018 as follows:
BudEet Amendment:
General Fund:
Account Description
A4600-09100 Appropriated Fund Balance
A5540-49032 Transfer to Capital Projects Fund
Total
Canital Projects Fund:
Use
Source
$3,922,527
$3,922,527
$3,922,527 $3,922,527
Account Description Use Source 1
K3900-09180 Transfer in from General Fund $3,922,527 1
K7600-66210 Country Club Clubhouse Project $3,922,527
Total $3,922,527 $3,922,527 1
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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. If any section, paragraph, sentence, clause, phrase or word of this Ordinance is for
any reason held by a court of competent jurisdiction to be unconstitutional, inoperative or void,
such holding shall not affect the remainder of this Ordinance.
Section 5. All ordinances and resolutions, or parts of ordinances and resolutions, in conflict
herewith are hereby repealed to the extent of such conflict.
Section 6. This Ordinance shall be effective immediately upon adoption.
PLACED ON FIRST READING THIS 13TH DAY OF SEPTEMBER, 2018.
PLACED ON SECOND, FINAL READING AND PASSED H 1ST DAY OF OCTOBER, 2018.
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a ;(Vllage, Seal)
A; =PEST:
VILLAGE CLERK
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
VILLAGE ATTORNEY
NM}'OR
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