2011-07 Budget Amdmt for Street Sign Replacement ProjectORDINANCE N0.2011-07
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED BUDGET
FOR FISCAL YEAR 2010-2011 TO APPROPRIATE $270,819.00 TO FUND
THE REPLACEMENT OF VILLAGE STREET SIGNS AND STOP SIGNS;
PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village Administration recommends transferring $270,819.00 from the General
Fund Unreserved, Undesignated Reserve Account to fund the removal and replacement of street
signs and stop signs throughout the Village; and
WHEREAS, because the transfer of funds from the Unreserved, Undesignated Reserve Account
increases the total amount of the budget, this transfer must be accomplished by ordinance as
required by Section 166.241, Florida Statutes, Florida Statutes; and
WHEREAS, the Village Council determines that the adoption of this budget amendment to fund
the removal and replacement of Village street signs and stop signs 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 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 2010-2011 as follows:
Budget Amendment:
Account De
scri tion Use Source
General Fund: _
A4600-09100 Appropriated Fund Balance $ 270, 819.00
A7321-34692 Street Maintenance-Street Signs $ 270,819.00
Total General Fund: $ 270,819.00 $ 270,819.00
Section 3. The Mayor and Village Clerk are hereby authorized and directed to execute the
budget amendment for and on behalf of the Village ofNorth Palm Beach.
Section 4. All ordinances and resolutions, or parts of ordinances and resolutions, in conflict
herewith are hereby repealed to the extent of such conflict.
Section 5. This Ordinance shall be effective immediately upon adoption.
Page 1 of 2
PLACED ON FIRST READING THIS 24th DAY OF MARCH, 2011.
PLACED ON SECOND, FINAL READING AND PASSED THIS 14th DAY OF APRIL, 2011.
(Village Seal)
ATTEST:
~ ~;~~
~~%~
VILLAGE CLERK
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
VILLAGE ATTORNEY
YOR
Page 2 of 2