HomeMy WebLinkAboutR2026-58 FY 2026 Year End General Fund Budget Amendment and CIP Funding ReplenishmentRESOLUTION 2026-58
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND
BUDGET FOR FISCAL YEAR 2026 TO TRANSFER $800,000 FROM THE
GENERAL FUND TO THE CAPITAL PROJECTS FUND AND ELIMINATE THE
$450,000 GENERAL FUND TRANSFER TO THE COUNTRY CLUB;
AUTHORIZING THE VILLAGE MANAGER TO TRANSFER ADDITIONAL
AVAILABLE FISCAL YEAR 2026 GENERAL FUND SAVINGS TO THE
CAPITAL PROJECTS FUND; PROVIDING FOR CONFLICTS; AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, as part of the Fiscal Year 2026 year-end budget process, the Village Council wishes to
amend the adopted Fiscal Year 2026 budget to transfer $800,000 from the General Fund to the Capital
Projects Fund to partially replenish funding used to purchase the Davidson property and Police
Department radio equipment and to eliminate the $450,000 General Fund transfer to the Country
Club; and
WHEREAS, the Village Council further wishes to authorize the Village Manager to transfer
additional available Fiscal Year 2026 General Fund budgetary savings to the Capital Projects fund up
to a total amount of $1,087,453 to fund the capital purchases; and
WHEREAS, the Village Council determines that the adoption of a budget amendment to transfer
General Fund monies to the Capital Projects Fund 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 ratified as true and incorporated herein.
Section 2. The Village Council hereby amends the Fiscal Year 2026 General Fund budget to
replenish the Capital Projects Fund and authorizes and directs the Mayor and Village Clerk to execute
the following budget amendment on behalf of the Village:
Budget Amendment:
Account
Description
Use
Source
General Fund:
A5206 (Operating)
Planning — Operating Expenses
$200,000
A8028 (Personnel)
Recreation — Personnel Expenses
150,000
A5540-49041
Transfer to Country Club
450,000
A5540-49032
Transfer to Capital Projects Fund
$800,000
Total General Fund
$800,000
$800,000
Capital Projects Fund:
K3900-09180
Transfer in from General Fund
$800,000
K5541-66000
Reserve Expenses - Capital
$800,000
Total Capital Projects Fund
$800,000
$800,000
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Section 3. The Village Council further authorizes the Village Manager to transfer additional
Fiscal Year 2026 General Fund budgetary savings to the Capital Projects Fund up to a total amount
(: of $1,087,453 needed to replenish the funding utilized for the purchase of the Davidson property and
the Police Department radio equipment provided that such transfers do not increase the total
appropriations of the General Fund.
Section 4. All resolutions or parts of resolutions in conflict with this Resolution are hereby
repealed to the extent of such conflict.
Section 5. This Resolution shall be effective retroactive to September 30, 2026.
PA ADOPTED THIS 22ND DAY OF OCTOBER, 2026.
O' •
• ♦�J v
• • MM
� � W
•� f • � ,�� MAYOR
A
CLERK
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