HomeMy WebLinkAboutDocumentation_Regular_Tab 24_11/9/2023 Agenda Item #24.
Regular Council
STAFF MEMO
Meeting: Regular Council - Nov 09 2023
Staff Contact: Jeffery Snyder, Finance Director Department: Finance
RESOLUTION 28-23, A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2022/2023
GENERAL FUND BUDGET, AND BUILDING FUND BUDGET; PROVIDING AN EFFECTIVE DATE;
AND FOR OTHER PURPOSES.
SUMMARY:
is the second of two budget amendments for the Fiscal Year (FY) 2022-23. Florida Statutes
allow municipalities to amend a budget at any time within the fiscal year or within 60 days following
the end of the FY. Exhibit "A" attached details the funds and accounts that we are proposing to
amend. All of these amendments are utilizing additional revenue to fund the expenditures. There are
no reserves being requested.
This document and any attachments may be reproduced upon request in an alternative format by
completing our Accessibility Feedback Form, sending an e-mail to the Village Clerk or calling 561-
768-0443.
BUDGET AMOUNT 0 AMOUNT AVAILABLE EXPENDITURE AMOUNT:
217,558 217558
FUNDING SOURCES: New Revenues IS THIS A PIGGYBACK:
❑ Yes ❑x N/A
DID YOU OBTAIN 3 QUOTES?
❑ Yes ❑x N/A
COMMENTS/EXPLANATION ON SELECTIONVillage Council Approval Requested.
Consider adopting this FY 2022-23 budget amendment.
ATTACHMENTS: '
RESOLUTION 28-23
FY 2022-23 BA#2
Page 522 of 702
Agenda Item #24.
Page 523 of 702
Agenda Item #24.
RESOLUTION NO. 28-23
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AUTHORIZING AN AMENDMENT TO THE
FISCAL YEAR 2022/2023 GENERAL FUND BUDGET, AND BUILDING
FUND BUDGET; PROVIDING AN EFFECTIVE DATE; AND FOR
OTHER PURPOSES.
WHEREAS, the Village Council of the Village of Tequesta, Florida has determined that
the Budget for Fiscal Year 2022/2023 should be amended; and,
WHEREAS, Florida Statutes, Section 166.241(7) provides that the governing body of
each municipality at any time within a fiscal year or within 60 days following the end of the
fiscal year may amend a budget for that fiscal year as follows:
a) Appropriations for expenditures within a fund may be decreased or increased by
motion recorded in the minutes if the total appropriation of the fund is not
changed.
b) The governing body may establish procedures by which the designated budget
officer may authorize budget amendments if the total appropriations of the fund is
not changed.
c) If a budget amendment is required for a purpose not specifically authorized in
paragraph (a) or paragraph (b), the budget amendment must be adopted in the
same manner as the original budget unless specified in the municipality's charter.;
and,
WHEREAS, the Village Council adopted the final budget for Fiscal Year 2022/2023
through resolution on September 15, 2022;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,AS FOLLOWS:
Section 1 Resolution 28-23, amending the Fiscal Year 2022/2023 Budget is hereby
adopted in accordance with the attached "Exhibit A"'
Section 2 This Resolution shall become effective immediately upon passage.
Page 524 of 702
Agenda Item #24.
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BUDGET AMENDMENT-#2
Uses sources
GENERAL OPERATING FUND-•00
(A) Information Technology-#161
-Increase in Computer System Maintenance and Supplies $ 102,300
(New Local Government Cybersecurity Grant Program)
-Increase in State Grants $ 102,300
(B) Police Department-#175
-Increase in Pension Payments 17,050
(Actual Chapter 185 Isurance Premium Tax greater than budgeted.)
-Increase in Chapter 185 Insurance Premium Tax 17,050
(C) Fire Department-#192
-Increase in Pension Payments 51,458
(Actual Chapter 175 Isurance Premium Tax greater than budgeted.)
-Increase in Chapter 175 Insurance Premium Insurance Tax 51,458
BUDGET AMENDMENT TOTAL-FUND#001: $ 170,808 $ 170,808
Use of General Fund Reserves $ -
(A) BUILDING& ZONING-#180
-Increase Computer System Maintenance&Supplies $ 8,100
(Hired new employee to assist with increase activity.)
-Increase in Printing&Binding 2,500
-Increase in Regular Salaries&Wages 25,000
-Increase in Overtime Disaster 1,200
-Part-time Salaries 6,000
-FICA Taxes 1,350
-Life/Health Insurnace 2,600
-Building Permit Fees $ 46,750
(Permit Fees in Excess of Budget)
BUDGET AMENDMENT TOTAL-FUND#101 $ 46,750 $ 46,750
Use of Building Fund Reserves $ -
Total Use of Reserves
BUDGET AMENDMENT#2 GRAND TOTAL/NET INCREASE TO BUDGET $ 217,558 $ 217,558
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