2015-78 Budget Amendment - Capital Improvement Plan FundingRESOLUTION 2015 -78
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL
FUND BUDGET FOR FISCAL YEAR 2015 TO TRANSFER SAVINGS FROM
VARIOUS GENERAL FUND ACCOUNTS TO THE CAPITAL PROJECTS
RESERVE ACCOUNT TO FUND THE CAPITAL IMPROVEMENT PLAN;
PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village Council wishes to transfer available savings from the Fiscal Year 2015
General Fund Budget, as identified by the Finance Department during its preliminary year -end review,
to the Capital Projects Reserve Account to fund the Village's Capital Improvement Plan (CIP); and
WHEREAS, the Village Council determines that the adoption of a budget amendment to transfer
savings in the General Fund to the Capital Projects Reserve Account is in the best interests of the
residents and citizens of the Village of North Palm Beach.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE
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 adopted Village of North Palm Beach
General Fund budget for Fiscal Year 2015 as follows:
Budget Amendment:
Account
Description
Use
Source
General Fund:
A8051 -35235
Pool — Contractor Activity Expense
$90,000.00
A8050 -33183
Tennis — Lessons Expense
$52,000.00
A5540 -49032
Transfer out to Capital Projects Fund
$142,000.00
Total General Fund
$142,000.00
$142,000.00
Capital Projects Fund:
K3900 -09180
Transfer in from General Fund
$142,000.00
K5541 -66000
Reserve Expenses — Capital
$142,000.00
Total Capital Projects Fund
$142,000.00
$142,000.00
Section 3. The Mayor and Village Clerk are hereby authorized and directed to execute the
budget amendment for and on behalf of the Village of North Palm Beach.
Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to
the extent of such conflict.
Section 5. This resolution shall take effect retroactive to September 30, 2015.
PASSED AND ADOPTED THIS 12th DAY OF N
(Village Seal)'
ATTEST:
VILLAGE CLERK