HomeMy WebLinkAboutDocumentation_Regular Council_Tab 25_07/11/2019Agenda Item #25.
Regular Council
STAFF MEMO
Meeting: Regular Council - 11 Jul 2019
Staff Contact: Jim Weinand, Acting Village Department: Manager
Manager
RESOLUTION 22-19, A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, INCREASING THE FISCAL YEAR 2018/2019 GENERAL FUND #001
BUDGET BY APPROPRIATING FUND BALANCE IN THE AMOUNT OF $300,000.00, BUDGETING
THE TRANSFER OF THOSE FUNDS TO THE CAPITAL IMPROVEMENT FUND #301 AND
INCREASING THE FISCAL YEAR 2018/2019 CAPITAL IMPROVEMENT FUND #301 BUDGET BY
$300,000.00 TO RECOGNIZE THE TRANSFER -IN OF THESE FUNDS;
Requesting to increase the FY2018/2019 General Fund #001 Budget by appropriating Fund Balance
in the amount of $300,000.00, budgeting the transfer of those funds to the Capital Improvement Fund
#301 and increasing the FY 2018/2019 Capital Improvement Fund #301 Budget by $300,000.00 to
recognize the transfer -in of these funds.
20190711 -TRANSFER SURTAX REVENUES TO FUND 301 -RESOLUTION
Page 477 of 537
Agenda Item #25.
RESOLUTION NO. 22-19
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, INCREASING THE FISCAL YEAR 2018/2019
GENERAL FUND #001 BUDGET BY APPROPRIATING FUND
BALANCE IN THE AMOUNT OF $300,000.00, BUDGETING THE
TRANSFER OF THOSE FUNDS TO THE CAPITAL IMPROVEMENT
FUND #301 AND INCREASING THE FISCAL YEAR 2018/2019 CAPITAL
IMPROVEMENT FUND #301 BUDGET BY $300,000.00 TO RECOGNIZE
THE TRANSFER -IN OF THESE FUNDS; AUTHORIZING THE
VILLAGE MANAGER TO PROCEED ON BEHALF OF THE VILLAGE
PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE
DATE; AND FOR OTHER PURPOSES;
WHEREAS, the Fiscal Year 2019 General Fund #001 Budget currently includes
$439,900.00 of revenue restricted to uses by a local government infrastructure surtax
ordinance; and
WHEREAS, the Village wishes to transfer $300,000.00 of these funds to the Capital
Improvement Fund #3 0 1;
WHEREAS, the transactions to record the transfer of restricted funds from the General
Fund #001 to the Capital Improvement Fund #301 would be as follows:
General Fund
Dr. 00 1 -900-5 91.3 01 Transfer to Capital Improvement Fund $300,000.00
Cr. 00 1 -990-399.999 Appropriate Fund Balance $300,000.00
Cgpital IMprovement Fund
Dr. 301-210-663.652 Pathway/Sidewalk Improvements $300,000.00
Cr. 301-900-381.001 Transfer from General Fund $300,000.00
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 22-19 is hereby approved increasing the FY2018/2019
General Fund #001 Budget by appropriating Fund Balance in the amount of $300,000.00,
budgeting the transfer of those funds to the Capital Improvement Fund #301 and
increasing the FY2018/2019 Capital Improvement Fund #301 Budget by $300,000.00 to
recognize the transfer -in of these Funds;
Section 2 This Resolution shall become effective immediately upon passage.
Page 478 of 537