HomeMy WebLinkAboutResolution_59-05/06_02/16/2006RESOLUTION NO. 59 -05/06
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
APPROPRIATING UNRESERVED FUND BALANCE IN THE
GENERAL FUND #001 AND THE CAPITAL IMPROVEMENT FUND
#301,IN THE AMOUNT OF $350,000.00; AUTHORIZING THE
TRANSFER OF $350,000.000 FROM THE GENERAL FUN D TO
THE CAPITAL IMPROVEMENT FUND; AND INCREASING THE
2005-2006 BUDGET IN THE CAPITAL IMPROVEMENT FUND
#301, ACCOUNT #301-900-381.001 "TRANSFER IN FROM
GENERAL FUND AND ACCOUNT #301-337-653.605 "BRIDGE
IMPROVEMENTS" IN THE AMOUNT OF $350,000.00 AND
AUTHORIZING THE VILLAGE MANAGER TO PROCEED ON
BEHALF OF THE VILLAGE.
WHEREAS, the Village of Tequesta seeks to
appropriate undesignated Fund Balance to pay for
Tequesta bridge repairs and improvements and;
WHEREAS, the cost of repairs and improvements are
estimated not to exceed $350,000.00 and;
WHEREAS, this project was not budgeted in the
2005/2006 Budget and;
WHEREAS, the Capital Improvement Fund #301 does not
have adequate unreserved Fund Balance available to
fund this project and;
WHEREAS, the Village of Tequesta seeks to transfer
available unreserved Fund Balance from General fund
#001 to Capital Improvement fund #301 to fund the
project;
WHEREAS, the Village of Tequesta seeks to track all
expenditures related to the Tequesta bridge project
in a separate department;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL
OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
AS FOLLOW:
SECTION 1: A Resolution appropriating available
unreserved Fund Balance in General Fund #001 and
Capital Improvement Fund #301, increasing the 2005/2006
General Fund #001 budget and Capital Improvement Fund
#301 budget by $350,000.00; and authorizing a transfer
of $350,000.00 from General Fund #001 to Capital
Improvement Fund 301; and allocating $350,000.00 to the
Tequesta Bridge Project, account #301-337-653.605,
"Bridge Improvements", and authorizing the Village
Manager to proceed on behalf of the Village.
THE FOREGOING RESOLUTION WAS OFFERED by Vice Mayor
Watkins, who moved its adoption. The motion was
seconded by Council Member Paterno, and upon being put
to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
Jim Humpage
Pat Watkins
Geraldine A. Genco
Tom Paterno
The Mayor thereupon declared the Resolution duly passed
and adopted this 16th day of February, A. D, 2006.
MAYOR OF TEQUES
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