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2016-10 General Fund Budget AmendmentORDINANCE NO. 2016-10 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND BUDGET FOR FISCAL YEAR 2016 -2017 TO TRANSFER $1,000,000.00 FROM THE UNASSIGNED FUND BALANCE TO FUND THE FINAL SCHEMATIC DESIGN THROUGH CONSTRUCTION ADMINISTRATION COMPONENT OF THE COUNTRY CLUB ARCHITECTURAL DESIGN SERVICES 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, Village Administration recommended transferring $1,000,000.00 from the General Fund Unassigned Balance to fund the Final Schematic Design through Construction Administration Component of the Country Club Architectural Design Services; and WHEREAS, because the transfer of funds from the Unassigned Fund Balance increases the total amount of the General Fund 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 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 2016 -2017 as follows: Budget Amendment (General Fund): Account Description Use Source A4600 -09100 Unassigned Fund Balance $1,000,000 A5540 -33190 Reserve Expense — Professional Services $1,000,000 Total $1,000,000 $1,000,000 Section 3. The Mayor and Village Cleric 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 All ordinances and resolutions, or parts of ordinances and resolutions, in conflict herewith are hereby repealed to the extent of such conflict.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 OCTOBER, 2016. PLACED ON SECOND, FINAL READING AND PAS' (Village Seal) ATTEST: VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: VILLAGE ATTORNEY