HomeMy WebLinkAboutResolution_88-05/06_07/13/2006RESOLUTION N0.88-05/06
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
ADJUSTING BUDGETED INSURANCE EXPENDITURE
ACCOUNTS TO REFLECT ACTUAL INSURANCE EXPENSES
RELATED TO GENERAL LIABILITY INSURANCE IN THE 2005-
2006 BUDGET IN THE FOLLOWING FUNDS: GENERAL FUND
#001, WATER UTILITY FUND #401 AND STORMWATER
UTILITY FUND #403 AND INCREASING/DECREASING
APPROPRIATED FUND BALANCES EACH FUND AS
FOLLOWS;
Whereas; General Fund #001 budgeted $24,711 less then was needed to
cover actual costs of general liability insurance;
• Increase insurance expenditure accounts $24,722
• Increase appropriated fund balance $24,722
Whereas; Water Utility Fund #401 budgeted $33,527 more then was
needed to cover actual costs of general liability insurance;
• Decrease insurance expenditure accounts $33,527
• Decrease appropriated fund balance $33,527
Whereas; Stormwater Utility Fund #403 budgeted $3,750 more then was
needed to cover actual costs of general liability insurance;
• Decrease insurance expenditure accounts $ 3,750
• Decrease appropriated fund balance $ 3,750
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF
THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS
FOLLOWS:
SECTION 1: A resolution increasing appropriated fund balance and
increasing insurance expenditures by $24,722 in General Fund #001, and
reducing appropriated fund balance and decreasing budgeted insurance
expenditures in the Water Utility Fund #401 by $33,527 and reducing
appropriated fund balance and decreasing budgeted insurance expenditure
in the Stormwater Utility Fund #403 by $3,750 is hereby approved.
THE FOREGOING RESOLUTION WAS OFFERED by Council Member Watkins
who moved its adoption. The motion was seconded by Council Member Genco, and
being put to vote, the vote was as follow:
FOR ADOPTION AGAINST ADOPTION
Jim Humpage
Tom Paterno
Geraldine A. Genco
Pat Watkins
The Mayor thereupon declared the Resolution duly passed and adopted this 13~' day of
July, 2006.
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ATTEST:
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