Ordinance 1985-020 Budget Amendment FY 1985-86ORDINANCE N0. 20-85
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH,
FLORIDA, AMENDING THE NORTH PALM BEACH BUDGET FOR FISCAL YEAR
1985-86.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH
PALM BEACH, FLORIDA:
' Section li Ordinance No. 17-85, the Budget
Ordinance of the Village of North Palm Beach, is hereby
amended by appropriating prior year's unappropriated surplus
as follows:
GENERAL FUND
Increase Revenues:
Appropriated Fund Balance
Account No. 10-389-000-00110 $16627.00
Increase Appropriatlons
Loan to Country Club
Account No. 10-581-052-49133 $16627.00
Section 2~ Said loan is for the purpose of
purchasing covers for North Palm Beach Country Club Pool,
with provision for repayment over a five-year period at an
interest rate of eight percent.
Section 3. The annual budgets for the following
five years shall include Country Club Appropriations as
follows:
Year Principal Interest otal
1985-86 $2,817.34 $1,228.34 $4,045.68
1986-87 $3,051.17 $ 994.51 $4,045.68
1987-88 $3,304.42 $ 741.26 $4,045.68
1988-89 $3,578.68 $ 467.00 $4,045.68
1989-90 $3,675.39 $ 169.96 $4,045.35
SECTION 4. This Ordinance shall take effect
' immediately upon passage.
PLACED ON FIRST READING AND READ IN FULL THIS 12TH DAY OF
DECEMBER 1985.
PLACED ON SECOND READING, AND PASSED ON AN EMERGENCY BASIS
THIS 127H _ DAY OF DFr.FMBER 1985.
ATTES
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VILi.AGE CLERK
4S X~GlI~.L
MAYOR