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2013-03 Budget Amendment to Fund Storm Drain Repairsl ORDINANCE NO. 2013-03 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED BUDGET FOR FISCAL YEAR 2012 -2013 TO APPROPRIATE $59,646 TO FUND REPAIRS TO STORM DRAIN PIPES LOCATED ALONG THE SOUTH SIDE OF LIGHTHOUSE DRIVE AND AUTHORIZING THE MAYOR AND VILLAGE CLERK TO EXECUTE THE BUDGET AMENDMENT ON BEHALF OF THE VILLAGE; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Village Administration recommends transferring $59,646 from the Restricted Fund Balance Reserve Account consisting of accumulated gas tax reimbursement revenues to fund repairs to storm drain pipes along the south side of Lighthouse Drive; and WHEREAS, because the transfer of funds from the Appropriated Fund Balance 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 to fund storm drain repairs 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 2012 -2013 as follows: Rnduet Amendment- Account Description Expense Revenue General Fund: A4600 -09191 Appropriated Fund Balance — Public Works $ 59,646 A7321 -34684 R & M — Storm Drainage Sys. $ 59,646 Total General Fund: $ 59,646 $ 59,646 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. All ordinances and resolutions, or parts of ordinances and resolutions, in conflict herewith are hereby repealed to the extent of such conflict.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 28th DAY OF FEBRUARY, 2013. PLACED ON SECOND, FINAL READING AND PASSED THIS 14th DAY OF MARCH, 2013. (Village Seal) MAYOR ATTEST: VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: VILLAGE ATTORNEY Page 2 of 2