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2014-04 Budget Amendment Appropriating Matching Grant FundsORDINANCE NO. 2014-04 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND BUDGET FOR FISCAL YEAR 2013 -2014 TO APPROPRIATE $277,500.00 TO PROVIDE MATCHING FUNDS FOR THE LAND AND WATER CONSERVATION FUND GRANT AND RECREATIONAL TRAILS GRANT FOR THE ANCHORAGE PARK IMPROVEMENTS PROJECT 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 $277,500.00 from the General Fund Unassigned Fund Balance Account to provide matching funds for the Florida Department of Environmental Protection Land and Water Conservation Fund Grant and the Florida Department of Environmental Protection Recreational Trails Grant for the Anchorage Park Improvements; and WHEREAS, because the transfer of funds from the Unassigned Fund Balance Account 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 provide matching grant funds 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 2013 -2014 as follows: Budget Amendment: Account Description Expense Revenue General Fund: A4600 -09100 Appropriated Fund Balance $ 277,500 A5540 -49102 Transfer Out to Special Revenue Recreation Fund $ 277,500 Total General Fund: $ 277,500 $ 277,500 Special Revenue Rec Fund: U3900 -09102 Transfer In from General Fund $ 277,500 U8028 -66210 Anchorage Park $ 277,500 Total Special Revenue Rec Fund: $ 277,500 $ 277,500 Page 1 of 2 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 All ordinances and resolutions, or parts of ordinances and resolutions, in conflict herewith are hereby repealed to the extent of such conflict.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. PLACED ON FIRST READING THIS 27th DAY OF MARCH, 2014. PLACED ON SECOND, FINAL READING AND PASSED THIS 10TH DAY OF APRIL, 2014. (Village Seal) ATTEST: VILLAGE CLERK APPROVED AS TO FORM A LEGAL SUFFICIENCY: VILLAGE ATTORNEY Page 2 of 2 A, � 3, "." MAYOR