2021-08 General Fund Budget Amendment for FY 2021 Capital LeasesORDINANCE NO. 2021-08
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND
BUDGET FOR FISCAL YEAR 2021 TO CLASSIFY THE TOTAL AMOUNT
FINANCED FOR VILLAGE VEHICLES AS CAPITAL OUTLAY; PROVIDING
FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR
AN EFFECTIVE DATE.
WHEREAS, during Fiscal Year 2021, the Village Council approved three capital lease programs: a
sanitation vehicle, police vehicles, and a fire ladder truck; and
WHEREAS, while the Village has budgeted the annual debt services for these leases in the General
Fund, the Village Auditor has advised the Village that the total amount financed for the first year of
capital leases should be shown in the Fiscal Year 2021 budget as "other financing uses/sources" and
capital outlay for financial reporting purposes; and
WHEREAS, notwithstanding the lack of any net income effect, 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 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 2021 as follows:
Budmet Amendment:
Fund Account
Description
Use
Source
General Fund A4200-09901
Capital Lease
$193699815
General Fund A5540-66000
Capital Lease
$193699815
Total
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herewith are hereby repealed to the extent of such conflict.
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Section 6. This Ordinance shall be effective immediately upon adoption.
PLACED ON FIRST READING THIS 24TH DAY OF JUNE, 2021.
PLACED ON SECOND, FINAL READING AND PASSED THIS 8TH DAY OF JULY, 2021.
(Village Seal)
ATTEST:
VILLAG CL
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
VILLAGE ATTORNEY
A& s
YOR
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