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R2021-46 Budget Amendment - Lakeside Park Playground RenovationRESOLUTION 2021-46 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA AUTHORIZING AND DIRECTING THE MAYOR AND VILLAGE CLERK TO AMEND THE CAPITAL PROJECTS FUND BUDGET TO TRANSFER $35,000.00 FROM THE CAPITAL RESERVE ACCOUNT TO THE RECREATION — CONSTRUCTION AND MAJOR RENOVATION CAPITAL ACCOUNT TO FUND THE LAKESIDE PARK PLAYGROUND RENOVATION PROJECT; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, for Fiscal Year 2021, the Parks and Recreation Department requested funding for the Lakeside Park Playground Renovation Project, including, but not limited to, replacing playground parts, adding a new piece of playground equipment, replacing and repairing fencing, repainting and installing a new shade tree utilizing Capital Improving Plan (CIP) Funds; and WHEREAS, each of the purchases will comply with the Village's purchasing policies and procedures; and WHEREAS, the Village Council seeks to amend the current Capital Projects Fund budget to transfer $35,000.00 from the Capital Reserve Account to the Recreation — Construction and Major Renovation Capital Account to fund the project; and WHEREAS, the Village Council determines that the adoption of this Resolution is in the best interests of the Village and its residents. 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. In order to fund the Lakeside Park Playground Renovation Project, the Village Council hereby approves a budget amendment for the transfer of funds as indicated below and authorizes and directs the Mayor and Village Clerk to execute the following budget amendment for and on behalf of the Village of North Palm Beach: Account Description Use Source Capital Projects Fund: K8028-66210 Recreation — Construction & Major Renovation $35,000 K5541-66000 Reserve Expenses — Capital $35,000 Total $35,000 $35,000 Page 1 of 2 Section 3. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS 27TH DAY OF MAY, 2021. (Village Seal) MAYOR ATTEST; VILLA CLERK Page 2 of 2