HomeMy WebLinkAboutDocumentation_Regular_Tab 12_11/12/2020 Agenda Item #12.
Regular Council
STAFF MEMO �
Meeting: Regular Council - Nov 12 2020
Staff Contact: Hugh Dunkley, Finance Director Department: Finance
409�
RESOLUTION NO. 40-20, A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING AND INCREASING THE FISCAL YEAR 2019/2020 GENERAL
FUND #001 BUDGET BY $91,376.00 TO RECOGNIZE CASUALTY INSURANCE PREMIUM TAXES
RECEIVED IN FISCAL YEAR 2019/2020.
SUMMARY-L-i
Requesting to amend and increase the Fiscal Year 2019/2020 General Fund #001 Budget by $91,376.00 to
recognize Casualty Insurance Premium Taxes received in Fiscal Year 2019/2020.
Approve amending and increasing the Fiscal Year 2019/2020 General Fund #001 Budget by $91,376.00 to
recognize Casualty Insurance Premium Taxes received in Fiscal Year 2019/2020.
ATTACHMENTS: _q=
2020.11.12 PD INSURANCE PREMIUM TAXES-RESOLUTION.ADA
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Agenda Item #12.
RESOLUTION NO. 40-20
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING AND INCREASING THE FISCAL
YEAR 2019/2020 GENERAL FUND #001 BUDGET BY $919376.00 TO
RECOGNIZE CASUALTY INSURANCE PREMIUM TAXES RECEIVED
IN FISCAL YEAR 2019/2020; PROVIDING AN EFFECTIVE DATE; AND
FOR OTHER PURPOSES.
WHEREAS, the Village received Chapter 185 Casualty Insurance Premium Taxes in the
amount of$91,375.40 in Fiscal Year 2019/2020;
WHEREAS, the Village budgeted to receive Chapter 185 Casualty Insurance Premium
Taxes in the amount of$0.00 in Fiscal Year 2019/2020;
WHEREAS, the Fiscal Year 2019/2020 Budget will increase as follows:
Dr. 001-175-522.110 Other Pension Contributions $9113 76.00
Cr. 001-000-312.520 Casualty Insurance Premium Tax $911376.00
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 40-20 is hereby approved amending and increasing the
Fiscal Year 2019/2020 General Fund #001 Budget by $91,376.00 to recognize Casualty
Insurance Premium Taxes received in Fiscal Year 2019/2020;
Section 2 This Resolution shall become effective immediately upon passage.
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