Loading...
2018-05 Budget Amendment to Fund Public Safety Building Roof ReplacementORDINANCE NO. 2018-05 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND BUDGET FOR FISCAL YEAR 2017-2018 TO PROVIDE FUNDING FOR THE PUBLIC SAFETY BUILDING ROOF REPLACEMENT; TRANSFERRING FUNDS FROM THE UNASSIGNED FUND BALANCE AND INSURANCE PROCEEDS TO THE CAPITAL PROJECTS FUND PUBLIC SAFETY BUILDING CAPITAL ACCOUNT; AMENDING THE CAPITAL PROJECTS FUND BUDGET TO TRANSFER $52,019.00 FROM THE FACILITIES — CONSTRUCTION AND MAJOR RENOVATION CAPITAL ACCOUNT TO THE PUBLIC SAFETY BUILDING CAPITAL ACCOUNT; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in order to provide funding for the replacement of the Public Safety Building roof, the Village Council wishes to amend the General Fund Budget to transfer $389,736.00 from the Unassigned Fund Balance and $158,245.00 from insurance proceeds (for a total transfer of $547,981.00) to the Capital Projects Fund Public Safety Building Capital Account and amend the Capital Projects Fund to transfer $52,019.00 from the Facilities — Construction and Major Renovation Account to the Public Safety Building Capital Account; and WHEREAS, because this amendment 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 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 THE VILLAGE 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 2017-2018 as follows: BudIlet Amendment: Capital Projects Fund: Account Description Use Source K5519-66210 Facilities — Construction & Major Renovation $52,019 K3900-09180 Transfer in from General Fund 547,981 K5710-66200 Public Safety Building - Building $600,000 Total $600,000 $600,000 Page 1 of 2 General Fund: Account Description Use Source A4600-09100 Appropriated Fund Balance $389,736 A3700-08950 Insurance Refunds 158,245 A5540-49032 Transfer to Capital Projects Fund $547,981 Total $547,981 $547,981 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. If any section, paragraph, sentence, clause, phrase or word of this Ordinance is for any reason held by a court of competent jurisdiction to be unconstitutional, inoperative or void, such holding shall not affect the remainder of this Ordinance. Section 5. All ordinances and resolutions, or parts of ordinances and resolutions, in conflict herewith are hereby repealed to the extent of such conflict. Section 6. This Ordinance shall be effective immediately upon adoption. PLACED ON FIRST READING THIS 12' DAY OF JULY, 2018. PLACED ON SECOND, FINAL READING AND PASSED THIS 9TH DAY OF AUGUST, 2018. (Village Seal) ATTEST: VILLAGE CLE APPROVED AS TO FORM AND LEGAL SUFFICIENCY: VILLAGE ATTORNEY Page 2 of 2