HomeMy WebLinkAboutDocumentation_Regular_Tab 21_11/14/2024Agenda Item #21.
Regular Council
STAFF MEMO
Meeting:Regular Council - Nov 14 2024
Staff Contact:Jeffery Snyder, Finance Director Department:Finance
TITLE
RESOLUTION 22-24,A RESOLUTION OF THE VILLAGE COUNCILOF THE VILLAGE OF
TEQUESTA, FLORIDA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2023/2024
GENERAL FUND BUDGET, AND REFUSE & RECYCLING FUND BUDGET; PROVIDING AN
EFFECTIVE DATE; AND FOR OTHER PURPOSES.
SUMMARY:
This is the second of two budget amendments for Fiscal Year (FY) 2023-24. Florida Statutes allow
municipalities to amend a budget at any time within the fiscal year or within 60 days following the end
of the fiscal year. Exhibit "A" attached details the two funds and accounts that we are proposing to
amend. The General Fund amendment is utilizing additional revenue to fund the expenditures. The
Refuse & Recycling Fund is utilizing the reserves to cover the additional costs.
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 INFORMATION:
BUDGET AMOUNT $84,855 AMOUNT AVAILABLE EXPENDITURE AMOUNT:
$84,855$84,855
FUNDING SOURCES: Additional Revenues & IS THIS A PIGGYBACK:
Reserves
Yes N/A
DID YOU OBTAIN 3 QUOTES?
Yes N/A
COMMENTS/EXPLANATION ON SELECTION N/A
ATTACHMENTS:
RESOLUTION 22-24 Amending FY 2023-24 Budget
FY 2023-24 BA #2
Page 371 of 831
Agenda Item #21.
RESOLUTION NO. 22-24
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AUTHORIZING AN AMENDMENT TO THE
FISCAL YEAR 2023/2024 GENERAL FUND BUDGET, AND REFUSE &
RECYCLING 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 2023/2024 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 2023/2024
through resolution on September 21, 2023;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution 22-24, amending the Fiscal Year 2023/2024 Budget is hereby
adopted in accordance with the attached “Exhibit A”’
Section 2 This Resolution shall become effective immediately upon passage.
Page 372 of 831
Agenda Item #21.
Exhibit "A"
FILENAME: FY 2023-24 BA #2
VILLAGE OF TEQUESTA
BUDGET AMENDMENT - #2
FY 2023-24
Uses Sources
**** GENERAL OPERATING FUND - #001 ****
(A)Leisure Services
-Increase in Program Fees-Instructors Expenditures$ 80,000
-Increase in Recreation Program Fees Revenues 80,000
To record increase in progam expenditures due to substantial program utilization.
BUDGET AMENDMENT TOTAL - FUND #001:$ 80,000$ 80,000
Use of General Fund Reserves $ -
****REFUSE & RECYCLING FUND #402****
(A)Refuse & Recycling Fund
-Increase in Other Miscellaneous Charges & Obligations$ 3,000
-Increase in Solid Waste/Residential 750
-Increase in Recycling/Residential 365
-Increase in Yard Waste/Residential 740
- Reduction in Reserves 4,855
New state legislation requiring Non-Ad Valorem rate increase notifications & truing up on number of residential units serviced.
BUDGET AMENDMENT TOTAL - FUND #402$ 4,855 $ 4,855
Use of Refuse & Recycling Fund Reserves$ 4,855
Total Use of Reserves 4,855
BUDGET AMENDMENT #2 GRAND TOTAL/NET INCREASE TO BUDGET$ 84,855$ 84,855
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Page 373 of 831