HomeMy WebLinkAboutDocumentation_Regular_Tab 08_9/12/2019Agenda Item #8.
Regular Council
STAFF MEMO
Meeting: Regular Council - Sep 12 2019
Staff Contact: Jeremy Allen, Village Manager Department: Manager
Resolution No. 39-19, Increasing the Fiscal Year 2019 General Fund #001 Budget by Appropriating
Fund Balance in the Amount of $439,900.00, Budgeting the Transfer of those Funds to the Capital
Improvement Fund #301 and Increasing the Fiscal Year 2019 Capital Improvement Fund Budget by
$439,900.00 to Recognize the Transfer -in of These Funds
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 the Village wishers to transfer these funds to the
Capital Improvement Fund #301.
POTENTIAL MOTION- •
to approve increasing the FY2019 General Fund #001 Budget by appropriating Fund Balance in the amount of
$439,900.00, budgeting the transfer of those funds to the Capital Improvement Fund #301 and increasing the
FY2019 Capital Improvement Fund #301 Budget by $439,900.00 to recognize the transfer -in of these Funds;
20190711-TRANSFER SURTAX REVENUES TO FUND 301-RESOLUTION-AMENDED
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Agenda Item #8.
RESOLUTION NO.39-19
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 $439,900.00, 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 $439,900.00 TO RECOGNIZE
THE TRANSFER -IN OF THESE FUNDS; AUTHORIZING THE
VILLAGE MANAGER TO PROCEED ON BEHALF OF THE VILLAGE;
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 these funds to the Capital Improvement Fund
#301;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 39-19 is hereby approved increasing the FY2018/2019
General Fund #001 Budget by appropriating Fund Balance in the amount of $439,900.00,
budgeting the transfer of those funds to the Capital Improvement Fund #301 and
increasing the FY2018/2019 Capital Improvement Fund #301 Budget by $439,900.00 to
recognize the transfer -in of these Funds;
Section 2 This Resolution shall become effective immediately upon passage.
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