HomeMy WebLinkAboutResolution_50-19_11/14/2019 RESOLUTION NO. 50-19
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING AND INCREASING THE FISCAL
YEAR 2018/2019 GENERAL FUND #001 BUDGET BY $649,262.00 TO
RECOGNIZE CHAPTER 185 INSURANCE PREMIUM TAXES
RECEIVED IN FISCAL YEAR 2018/2019; PROVIDING AN EFFECTIVE
DATE; AND FOR OTHER PURPOSES.
WHEREAS, the Village received the following insurance premium tax distributions in
Fiscal Year 2018/2019 totaling$649,261.81:
2013 $111,150.51 2014 $111,689.33
2015 $ 90,804.16 2016 $157,450.03
2017 $ 88,335.98 2018 $ 89,831.80
WHEREAS, the Fiscal Year 2018/2019 Budget will increase as follows:
Dr. 001-175-522.110 Other Pension Contributions $649,262.00
Cr.001-000-312.520 Police Insurance Premium Tax; $649,262.00
NOW, THEREFORE,BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA,PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 50-19 is hereby approved amending and increasing the
Fiscal Year 2018/2019 General Fund#001 Budget by$649,262.00 to recognize Chapter
185 insurance premium taxes received in Fiscal Year 2018/2019;
Section 2 This Resolution shall become effective immediately upon passage.
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RESOLUTION Date
50-19 11/14/2019
Motion Second
Council Member Kyle Stone Vice-Mayor Kristi Johnson
VOTE
FOR ADOPTION AGAINST ADOPTION ABSENT
Mayor Abigail Brennan ✓
Vice-Mayor Kristi Johnson 1 ❑
Council Member Vince Arena ✓
Council Member Laurie Brandon ❑✓
Council Member Kyle Stone ✓
The Mayor thereupon declared the Resolution duly passed and adopted.
MAYOR OF TEQUESTA ATTEST: ;�'� QpORq��c<\
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SEAL
INCORPORATED
Cigail -leaA Lori McWilliams, MMC
Village Clerk