2023-20 General Fund Budget for FY 2023 AmendmentORDINANCE NO. 2023-20
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED
GENERAL FUND BUDGET FOR FISCAL YEAR 2023 TO ACCOUNT FOR
THE USE OF INTEREST INCOME TO FUND UNFORESEEN AND
UNBUDGETED EXPENSES; PROVIDING FOR CONFLICTS; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village incurred unforeseen and unbudgeted expenses associated with Hurricane
Ian, Hurricane Nicole and the EF -2 tornado that damaged and/or destroyed Village facilities; and
WHEREAS, while the facilities damaged by the tornado are covered by insurance, the Village did
not receive any reimbursement payments during Fiscal Year 2023; and
WHEREAS, Village Staff recommends utilizing interest earnings to cover the unforeseen and
unbudgeted expenses; and
WHEREAS, because the use of such earnings increases the total amount of Fiscal Year 2023
budget, the 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 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 2023 as follows:
Budget Amendment:
Fund Department Use Source
General Fund Interest -Earnings $40000
General Fund Recreation $40000
Total 1 $400,000 5400,000
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. 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herewith are hereby repealed to the extent of such conflict.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 5. This Ordinance shall be effective retroactive to September 30, 2023.
PLACED ON FIRST READING THIS 26TH DAY OF OCTOBER, 2023.
PLACED ON SECOND, FINAL READING AND PA,1
�pRTy A
ATTEST:
VILLAGE RK
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
VILLAGE ATTORNEY
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123.