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HomeMy WebLinkAboutDocumentation_Regular_Tab 25_11/13/2025 Agenda Item #25. Regular Council A-1 STAFF MEMO Meeting: Regular Council - Nov 13 2025 Staff Contact: Jeffery Snyder, Finance Director Department: Finance RESOLUTION 22-25, A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2024/2025 GENERAL FUND BUDGET, BUILDING FUND BUDGET; AND SPECIAL LAW ENFORCEMENT FUND; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. This is the second of two budget amendments for Fiscal Year (FY) 2024-25. 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 three funds and accounts that we are proposing to amend. The General Fund 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 • ' • BUDGET AMOUNT $122,945 AMOUNT AVAILABLE N/a EXPENDITURE AMOUNT: N/A FUNDING SOURCES: As detailed in IS THIS A PIGGYBACK: attachment "A" ❑ Yes ❑ N/A DID YOU OBTAIN 3 QUOTES? ❑ Yes ❑ N/A COMMENTS/EXPLANATION ON SELECTIONN/A F • • •N / DIRECTION Consider approving the budget amendment as presented. TTACHMENTS: 2025 Resolution 22-25 Budget Amendment#2 Agenda Item Page 421 of 603 Agenda Item #25. RESOLUTION NO. 22-25 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2024/2025 GENERAL FUND BUDGET, WATER FUND BUDGET, AND SPECIAL LAW ENFORCEMENT TRUST 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 2024/2025 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 2024/2025 through resolution on September 12, 2024; NOW, THEREFORE,BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: Section 1 Resolution 22-25, amending the Fiscal Year 2024/2025 Budget is hereby adopted in accordance with the attached"Exhibit A"' Section 2 This Resolution shall become effective immediately upon passage. Page 422 of 603 Agenda Item #25. Exh-bit,m, Uses Sources GENERAL•• •00 (A) Police Department-#175 Miscellaneouse Capital Projects-Station 11/Rembrance Park Fiber Optic Cable and Camera Installation Project $ 53,001 Unassigned Fund Balance 53,001 BUDGET AMENDMENT TOTAL-DEPT 175: $ 53,001 $ 53,001 Use of General Fund Reserves $ 53,001 BUILDING FUND-#101 (B) Building Department-#180 Building Improvements-Station 11/Rembrance Park Fiber Optic Cable and Camera Installation Project $ 16,943 Unassigned Fund Balance 16,943 BUDGET AMENDMENT TOTAL-DEPT 175: $ 16,943 $ 16,943 Use of General Fund Reserves $ 16,943 ****SPECIAL LAW ENFORCEMENT •.0 (C) Police Department-#175 Miscellaneouse Capital Projects-Station 11/Rembrance Park Fiber Optic Cable and Camera Installation Project $ 53,001 Unassigned Fund Balance 53,001 BUDGET AMENDMENT TOTAL-DEPT 175: $ 53,001 $ 53,001 Use of Special Law Enforcement Reserves $ 53,001 • • Ow BUDGET AMENDMENT GRAND TOTAL/NET INCREASE TO BUDGET $ 122,945 $ 122,945 Total Use of Reserves 122,945 *Tentatively approved at the September 11,2025 Regular Council Meeting. Page 1 Page 423 of 603