HomeMy WebLinkAboutR2026-37 Update to Accounting Policies and ProceduresRESOLUTION 2026-37
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AUTHORIZING THE VILLAGE
MANAGER TO UPDATE AND MODIFY THE ACCOUNTING POLICIES
AND PROCEDURES MANUAL FOR INTERNAL CONTROLS TO CONFORM
WITH CURRENT PRACTICES; PROVIDING FOR CONFLICTS; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village Council initially adopted the Village's Accounting Policies and
Procedures Manual for Internal Controls ("Policies and Procedures Manual") through the adoption
of Resolution No. 37-2002 on June 13, 2002 and adopted a revised and updated Policies and
Procedures Manual through the adoption of Resolution No. 2011-19 on May 12, 2011; and
WHEREAS, in preparing the Fiscal Year 2027 budget and required Budget Ordinance, Village
Staff identified a number of procedures and references set forth in the Policies and Procedures
Manual that no longer conform with current Village practices and potentially contradict the
proposed Budget Ordinance; and
WHEREAS, Village Staff is seeking Council authorization for the Village Manager to approve
non -substantive revisions to the Policies and Procedures Manual to conform with current Village
procedures and practices, avoid any potential conflicts, and comply with GFOA requirements; and
WHEREAS, this authority will not extend to modification of policies specifically approved by the
Village Council by separate Resolution, including, but not limited to, the investment policy, the
purchasing policy thresholds, the donation policy, and the fund balance policy; and
WHEREAS, the Village Council determines that the adoption of this Resolution is in the best
interests of the Village and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are hereby ratified and incorporated herein.
Section 2. The Village Council hereby authorizes the Village Manager to update the
Accounting Policies and Procedures Manual for Internal Controls solely to ensure that the policies
and procedures set forth therein conform with current Village practices and align with the Budget
Ordinance. Once the revisions and updates to the Policies and Procedure Manual are completed,
a revised Manual shall be presented to the Village Council for ratification by Resolution.
Section 3. All resolutions or parts of resolutions in conflict with this Resolution shall be
repealed to the extent of such conflict.
Section 4. This Resolution shall take effect immediately upon adoption.
Page 1 of 2
PASSED AND ADOPTED THIS 10" DAY OF SEPTEMBER, 2026.
ATTEST:
VILLAGE CLERK
MAYOR
Page 2 of 2