HomeMy WebLinkAboutResolution_51-08_11/13/2008RESOLUTION NO. 51-08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA,
FLORIDA, AMENDING AND INCREASING REVENUES AND EXPENDITURES IN
THE 2007/2008 GENERAL FUND #001 BUDGET BY $229,173.09 AS THE
VILLAGE RECEIVED UNBUDGETED REVENUE FROM INSURANCE PREMIUM
TAXES AND EXPENDED AN EQUAL AMOUNT IN ADDITIONAL PENSION
CONTRIBUTIONS AS REQUIRED BY FLORIDA STATUTES SECTIONS 175
AND 185; PROVIDING FOR AN EFFECTIVE DATE AND FOR OTHER
PURPOSES.
Whereas, the Village of Tequesta received unbudgeted revenues from insurance
premium tax proceeds and expended additional pension contributions as follows
Revenues:
Insurance premium tax-fire $158,602.28
Insurance premium tax-police $70,570.81
Expenditures:
Other pension contributions-fire $158,602.28
Other pension contributions-police $70,570.81
Whereas, the funds must be used in accordance with Florida Statutes,
Sections 175 and 185 related to funding of police and firefighter pensions;
Whereas, the funds are required to flow-through the General Fund #001;
Whereas, this will not require appropriating additional Fund Balance.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 The foregoing resolution amending and increasing the 2007/2008
General Fund #001 budget $229,173.09 is approved.
Section 1 This Resolution shall become effective immediately upon passage.
The foregoing Resolution was offered by Council Member Humpage who moved its
adoption. The motion was seconded by Vice-Mayor Turnquest and upon being put to a
vote, the vote was as follows:
For Adoption Against Adoption
Mayor Pat Watkins X
Vice-Mayor Calvin Turnquest X
Council Member Vince Arena X
Council Member Tom Paterno X
Council Member Jim Humpage X
The Mayor thereupon declared the Resolution duly passed and adopted this 13 day of
November, 2008.
MAYOR OF TEQUESTA
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Pat Watkins
ATTEST:
Lori McWilliams, CMC
Village Clerk _,.~~``~E~~OF"'
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