2022-08 General Fund Budget Amendment FY 2022ORDINANCE NO. 2022-08
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH FLORIDA AMENDING THE ADOPTED GENERAL FUND
BUDGET FOR FISCAL YEAR 2022 TO CLASSIFY THE TOTAL AMOUNT
FINANCED FOR VILLAGE VEHICLES AS CAPITAL OUTLAY AND TO
TRANSFER NET INCOME FROM THE GENERAL FUND UNASSIGNED FUND
BALANCE TO THE CAPITAL IMPROVEMENT PLAN FUND; PROVIDING FOR
CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, during Fiscal Year 2022, the Village Council approved two capital lease programs, one
Village -wide and the other for a fire rescue vehicle (fire 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 capital leases should
be shown in the Fiscal Year 2020 budget as "other financing uses/sources" and capital outlay during the
first year 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 also wishes to amend the General Fund budget to transfer $2,000,000
in net income from the General Fund unassigned fund balance to the Village's Capital Improvement
Plan Fund; and
WHEREAS, the Village Council determines that the adoption of these budget amendments is in the best
interests of the residents 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. In order to reclassify the total amount financed for capital leases, the Village Council
hereby amends the adopted Village of North Palm Beach General Fund budget for Fiscal Year 2022 as
follows:
Budget Amendment:
Fund
Account Description
Use
Source
General Fund
A4200-09901 Capital Lease
$1,215,113
General Fund
A5540-66000 Capital Lease
$1,215,113
Total
$192159113
$19215,113
- Section 3. In order to transfer monies from the General Fund unassigned fund balance to the Capital
Improvements Plan Fund, the Village Council hereby amends the adopted Village of North Palm Beach
Fiscal Year 2022 budget as follows:
Page 1 of 2
General Fund:
Account Description Use Source
A4600-09100 Appropriated Fund Balance $2,000,000
A5540-49032 Transfer Out to Capital Projects Fund $2,000,000
Total 1 1 $290009000 $290009000
Capital Projects Fund:
Account Description Use Source
K3900-09180 Transfer In from General Fund $2,000,000
K5541-66000 Reserve Expenses - Capital $20000
Total 1 $290009000 $2,000,000
Section 4. The Mayor and Village Clerk are hereby authorized and directed to execute the budget
amendments for and on behalf of the Village of North Palm Beach.
Section 5. 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 6. All ordinances and resolutions, or parts of ordinances and resolutions, in conflict herewith
are hereby repealed to the extent of such conflict.
Section 7. This Ordinance shall be effective immediately upon adoption.
PLACED ON FIRST READING THIS 14TH DAY OF APRIL, 2022.
PLACED ON SECOND, FINAL READING AND PASSED THIS 28TH DAY OF APRIL, 2022.
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APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
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VILLAGE ATTORNEY
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