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2017-20 Budget Amendment for Temporary Site Set UpORDINANCE NO. 2017-20 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 PROVIDE ADDITIONAL FUNDING FOR THE TEMPORARY SITE SET UP AT THE NORTH PALM BEACH COUNTRY CLUB; TRANSFERRING $53,082 FROM THE CAPITAL PROJECTS FUND COUNTRY CLUB PROJECT — CONSTRUCTION AND MAJOR RENOVATION ACCOUNT TO THE GENERAL FUND RESERVE EXPENSE — CONSTRUCTION AND MAJOR RENOVATION ACCOUNT; TRANSFERRING AN ADDITIONAL $33,817 FROM THE RESERVE EXPENSE — PROFESSIONAL SERVICES ACCOUNT TO THE RESERVE EXPENSE — CONSTRUCTION AND MAJOR RENOVATION ACCOUNT; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in order to fund a shortfall for the temporary site set up at the North Palm Beach Country Club (as approved by the Village Council through the adoption of Resolution No. 2017-65), the Village Council wishes to transfer $53,082 from the Capital Projects Fund Country Club Project — Construction and Major Renovation Account to the Reserve Expense — Construction and Major Renovation Account and transfer an additional $33,817 from the Reserve Expense — Professional Services Account to the Reserve Expense — Construction and Major Renovation Account; and WHEREAS, because this amendment increases the total amount of the General Fund 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 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: Account Description Use Source General Fund: A3900-09132 Transfer in from Capital Projects Fund 53,082 A5540-33190 Reserve Expense - Professional Services 33,817 A5540-66210 Reserve Expense - Construction & Major Renovation 86,899 Total $86,899 $86,899 Capital Projects Fund: K5541-49919 Reserve Expense - Transfer to General Fund 53,082 K7600-66210 CC Clubhouse Project— Construction & Major Renovation 53,082 Total $53,082 $53,082 Page 1 of 2 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 retroactive to September 30, 2017. PLACED ON FIRST READING THIS 26TH DAY OF OCTOBER, 2017. PLACED ON SECOND, FINAL READING AND PASSED THIS 9'n -'DAY OF NOVEMBER, 2017. (Village Seal) ATTEST: "Zz 1 4 -/1 1. / MWC/-/ VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: VILLAGE ATTORNEY ���Aj (� Q�" _ MAYOR Page 2 of 2